Free NFT (Non-Fungible Tokens)
Non-fungible tokens (NFTs) are among the newest trends in blockchain technology. They have taken the crypto community by storm and are more and more popular worldwide. Non-fungible tokens leverage blockchain technology to determine absolute digital ownership that certifies a particular asset’s authenticity. The possibility of tokenizing any world-real asset makes NFTs even more attractive. They represent an entirely new way of investing in digital assets.
This article provides a comprehensive overview of NFTs and how you can get them for free. Does it sound interesting? Then, read on!
What Is an NFT?
An NFT is a digital token representing ownership of a particular and unique item. Unlike regular cryptocurrencies, each NFT is a distinct token. NFTs are stored on a blockchain and can represent ownership of real estate property, artworks, and many other things.
How Do Non-Fungible Tokens Work?
NTFs are created through a minting process on the blockchain. This process guarantees that only one version of a specific NFT is available. Each NFT has a unique ID with information about its creator, price history, etc. The minting process is decentralized, and no third party holds your NFTs. Instead, you keep your NFTs in your wallet, for which you are the only one responsible for keeping them secure.
Commonly, you have to pay a gas fee to mint NFTs. These fees can be very high on the Ethereum blockchain. As a result, many NFT creators and collectors opt for platforms with lower fees like Polygon or Solana. Or even better, some people prefer to get NFTs for free. Do you know how to do it? Let us discuss it below.
How to Get Free NFTs in 2024
As NFTs become mainstream, getting them for free is quite simple. There are several ways to get free NFTs; we describe the most common ones: through games and giveaways.
Earning Free NFTs in Games
The so-called play-to-earn (P2E) games allow players to earn NFTs. You can sign up for several P2E games for free since the goal of these games is to encourage NFT trading. Many experts think that P2E games will be the dominant business model in the future gaming industry.
Axie Infinity is the most popular P2E game, with over two million players worldwide. In this game, one can buy, sell, and breed creatures named Axies. Each creature is an NFT with its own characteristics. However, this game is not free.
So, to earn free NFTs through gaming, you must find a less popular game that gives away these digital assets to incentivize players to join their ecosystem. Where to find such games? Most P2E games run on a blockchain called WAX. Hence, you will need to create a WAX account first.
A WAX account is like a wallet where you can store the NFTs that you earn through playing. You can trade your NFTs for other digital assets, cryptocurrencies, and even fiat money. LetsExchange.io allows you to swap NFTs for digital coins and tokens. Our platform supports more than 2000 cryptocurrencies, and you can transact on it without registration.
Alien World is a P2E game on the WAX blockchain that gives away free NFTs to all players. What’s more, you can get two free NFTs by simply signing up. Other P2E games also give away free NFTs when you begin playing as a starting bonus. New P2E games constantly appear, so your opportunities to collect free NFTs increase daily. You can search online for the newest P2E games of this type.
Get Free NFT through Giveaways
Another simple way to get NFTs for free is through giveaways. Usually, NFT influencers on social media platforms give away NFTs to promote a particular blockchain project. Twitter is a platform where you can find several of these influencers. You must search hashtags related to NFTs and check the results that announce giveaways. Be cautious since not all giveaways are legitimate.
Usually, fake giveaways promise to handle free NFTs like Bored Ape that have a high value in the market. Legit giveaways offer NFTs that have little to no current value. However, these NFTs could acquire real value over time. In most cases, the key is to be “early” and wait patiently for your NFT to appreciate.
To get free NFTs, you usually have to follow the project's Twitter account and tag friends. The project does it to go viral and sell out quickly. Similarly, emerging blockchain projects often reward their Discord communities with free NFTs. However, unlike Twitter, finding NFT giveaways is more difficult on Discord.
Conclusion
Non-fungible tokens have a bright future as investment vehicles. The possibility of tokenizing real-world assets dramatically contributes to the increasing popularity of NFTs. This article provided the necessary information to enter the NFT world without an initial investment. Free NFTs can help you get familiar with trading these digital assets to become a full-time NFT trader and collector eventually.
FAQ
Is NFT Minting Free?
In most cases, you have to pay gas fees to mint NFTs. However, some projects allow minting NFTs for free.
How Do I Collect NFTs?
First, you need a wallet to store the NFT types you intend to collect. Next, you can purchase NFTs on specialized marketplaces like Opensea, SuperRare, and Rarible. Alternatively, you can get free NFTs through the methods described in this article.
Can Anyone Create an NFT?
Yes, provided they have an account on the platform to mint the NFT and pay the corresponding gas fees.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.
Stay tuned for further updates, crypto guides, and market insights from LetsExchange. You can also follow us on Twitter, Facebook, Reddit, Instagram, LinkedIn, Medium, Quora, Telegram, Steemit, and Bitcointalk for first-hand information from our team.