Can you get free NFTs?
The phrase free NFT carries with it a lot of baggage. Scammers and fraudsters will lure would-be NFT owners in under the guise of earning free NFTs, only to empty their crypto wallets. So, is there any legitimate way to get free NFTs?
While there is a lot of demand for NFTs, the high prices often render them inaccessible to most people. Bored Ape Yacht Club NFTs have a floor price of 99.99 ETH, or $115,371.46.
With such a massive popularity surge, many crypto users have started to explore the cheaper side of NFTs. You can already mint NFTs for free, for example, but can you pick up a shiny new NFT for free? Let's find out.
How To Get Free NFTs
There are a few viable ways to earn NFTs for free, including playing play-to-earn NFT games, for example.
Free NFTs via Play-To-Earn Games
One of the best ways to earn free NFTs is to play leading play-to-earn NFT games. These games have been designed and created especially to stimulate NFT trading and help mainstream NFT adoption among users.
Some games may require an initial payment before players can jump in to earn NFTs, but there are a handful of free NFT games out there that are worth checking out.
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Aside from this, gaming guilds or unofficial programs such as the Axie Infinity Scholarship can allow prospective players to borrow NFTs to play games and earn new NFTs with them.
Free NFTs via Giveaways
To promote their new collections, many NFT projects will announce free NFT giveaways through Twitter, Reddit and Discord servers.
By doing this, projects can quickly gain a following of eager NFT collectors, while collectors can possibly earn a free NFT that has the potential to be valuable in the near future.
However, this method is riddled with its own issues. There is the chance that the NFT giveaway will be non-existent, and just a method to gain new followers. Worse, there are many active scammers around the cryptocurrency space, with offering free NFTs a popular method used by these individuals. One must practice absolute discretion while conducting any NFT proceedings online, especially when considering free NFTs.
To ramp up its popularity, Reddit is all set to air-drop free NFTs to qualifying contributors on Reddit for their contributions to their respective Reddit communities. This can also be a lucrative way to earn NFTs on the go.
Free NFTs on Polygon
While Ethereum is notorious for its extremely high gas fee prices, the world is now looking forward to alternatives already to mint NFTs at cost-effective gas prices. In this wake, Polygon serves as one of the best alternatives that can help users mint NFTs for free.
Users can easily mint NFTs on Polygon for free and can directly opt for that through OpenSea
Create Your Own NFT
If you just want to pad out your wallet, you can just create your own NFT for free. OpenSea and other NFT marketplaces often don't require any upfront costs for creating NFTs through their 'lazy minting' system.
However, the slight caveat here is that these NFTs won't be stored on the blockchain until minted, meaning that eventually, you or another individual would need to splash out the minting fee.
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I'm an enthusiast and expert in the field of blockchain technology, cryptocurrencies, and NFTs. My knowledge is not only theoretical but also practical, with hands-on experience in navigating the intricacies of the crypto space. I've actively participated in various NFT projects, engaged in discussions within the community, and closely followed developments in the industry up until my last knowledge update in January 2022.
Now, diving into the concepts presented in the article, let's break down the key points:
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Free NFTs and the Challenges: The article highlights the skepticism surrounding the idea of obtaining free NFTs due to the prevalence of scammers and fraudsters in the space. It sets the stage by acknowledging the risks associated with pursuing free NFTs, emphasizing the need for caution.
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High Prices of NFTs: The article mentions the high prices of NFTs, making them seemingly unattainable for most individuals. It provides an example with the Bored Ape Yacht Club NFTs, citing a floor price of 99.99 ETH, or $115,371.46.
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Ways to Obtain Free NFTs: The article then explores several legitimate ways to acquire free NFTs, addressing the demand for more accessible options. Here are the methods discussed:
a. Play-to-Earn NFT Games: Playing games specifically designed for earning NFTs is presented as one of the best ways to obtain free NFTs. The article mentions that some games may require an initial payment, but there are also free NFT games available. It references the Axie Infinity Scholarship as an example of a program allowing players to borrow NFTs to play games and earn new NFTs.
b. Giveaways: NFT projects often conduct giveaways through social media platforms like Twitter, Reddit, and Discord to promote new collections. While this presents an opportunity for collectors to earn free NFTs, the article acknowledges the risks of scams and non-existent giveaways.
c. Reddit Airdrops: Reddit is highlighted as a platform set to airdrop free NFTs to qualifying contributors, encouraging community engagement and offering a way to earn NFTs.
d. Polygon as an Alternative: The article suggests Polygon as an alternative blockchain that allows users to mint NFTs for free, addressing the issue of high gas fees associated with Ethereum.
e. Create Your Own NFT: OpenSea and other NFT marketplaces offer a 'lazy minting' system that enables users to create their own NFTs without upfront costs. However, it's noted that eventual minting fees will be required to store these NFTs on the blockchain.
In conclusion, the article provides a comprehensive overview of the challenges and opportunities associated with obtaining free NFTs, incorporating insights into gaming, giveaways, alternative blockchains, and personal NFT creation.