NFT stands for non-fungible token and until recently they didn't exist on the internet. But now you may have heard of them all over social media and celebrities like Tom Brady, Madonna and Justin Bieber buying and owning Bored Ape NFTs.
And if you're like me, you may be wondering how you can get your hands on some of these appealing NFTs?
Or if you already are a proud owner of some, maybe you're wondering if there are ways to score free NFTs online?
If you fall into any of the abovementioned categories, then you’ve come to the right place. The cryptocurrency space in general is like the Wild West, if there is a will there is a way.
In this complete guide to how to get free NFTs, you’ll learn about the virtual currency known as NFTs, non-fungible tokens, and how to get them for free.
You’ll learn about the NFT economy and the best ways to get free NFTs. You’ll learn how to get free NFTs on different cryptocurrency exchanges, and even how to get them from other users of those platforms.
It's legit. Last month Binance had an expo in Dubai and gave away exclusive NFT Mystery Boxes to users online and on-site attendees. They are also giving away free Bitcoin which you can easily use to buy NFTs.
There are so many ways to get your hands on NFTs. Ready to dig in?
What are NFTs?
If you're new to the world of cryptocurrencies and NFTs, don't worry. We're going to teach you everything you need to know about this revolutionary technology and get you on the path to acquiring your first NFT.
First things first: what are cryptocurrencies?
If that's a question that's been on your mind recently, it might be because the value of many of them has skyrocketed in recent months (but if you already know, just jump ahead here).
Some currencies like Bitcoin have hit all-time highs—so much so that they've become extremely expensive as a result of their explosive rise.
And like gold, silver, or other commodities before it, more people are viewing these alternative forms of digital currency for investment purposes or ways to make money through crypto — and the demand for them grows exponentially.
The thing is: cryptocurrencies aren't just used by speculators anymore; many companies and individuals now use them, as well as crypto-friendly banks joining in.
As we discussed above (and below), one good reason is that cryptocurrencies can offer better protection against inflation than paper money—meaning they can retain their value even if others plummet in value.
This becomes especially important in countries like Venezuela where fiat currency is regularly devalued by governments or central banks since most people won't want to put their savings into something they know will lose its purchasing power when they need it most.
Put simply: crypto assets offer a way to store wealth away from governments and banks who can devalue paper currency at will.
Now back to what NFTs are
We know that virtual or digital currencies that can be traded and exchanged just as real-world money is known as “fungible” virtual or digital currencies. Fungible virtual currencies such as Bitcoin and Ethereum have huge potential in today’s digital world.
Fungible virtual currencies are easy to exchange, store, and transfer but have limited use cases. Every virtual good or virtual asset that can be traded for a specific currency and cannot be exchanged for something different is known as a “non-fungible” virtual good or non-fungible virtual asset or token.
NFTs can be anything. It could be a potato. It could be a t-shirt. It could be a really rare collectible. The only requirement is that the item’s value is determined by its specific components. NFTs are the future of the virtual goods economy.
How to Get Free NFTs?
1. How to Get Free NFTs in Games and Virtual Worlds
You can get free NFTs in games and virtual worlds in a few different ways. For example, you can get them by opening game boxes, completing game achievements, and purchasing certain items in-game with real money.
You can also invite friends and new players and let them collect items for you. Keep in mind that some games may have different rules when it comes to earning free NFTs.
It’s important to check the game’s rules before collecting free NFTs. Some games may have daily or weekly free NFT giveaways. If a game offers free NFT giveaways, it’s a good sign.
It means that the game developers believe in NFTs and want to encourage their players to collect them. It can also mean that the developers plan to spend the NFTs in the game!
Basically, to get free NFTs, you have to earn them.
Just like there are game apps to win real money there are game apps to win NFTs. Some great ways to gain them can be through games like:
- Axie Infinity
- Gods Unchained
- My Crypto Heroes
You can get free NFTs by playing games such as Axie Infinity. With over 60k players, this game is a fun way to learn about the blockchain while you play and receive crypto rewards.
Axie Infinity is a game where you collect and grow fantasy creatures called “Axies” by executing smart contract commands on the Ethereum blockchain.
The game offers different types of playstyles, including but not limited to: PvP battling, PvE questing, breeding (to create new Axies), gardening (plant seeds to earn passive income ), and farming (get paid SLP tokens for staking your Axies).
In addition to these activity-based rewards, there are also daily in-game chests that reward users with additional tokens when opened. As a last bonus, Axie Infinity offers an auction system where players can sell their items off for ETH or use their ETH to buy items from other players.
The fact that you can make money by playing this game makes it great for beginners looking to try out earning passive income from crypto assets without risk.
If you enjoy RPGs or collectible games like Pokemon with an MMORPG-style economy, then Axie Infinity may be the perfect entry point into learning about how NFTs work and how they can be used as valuable assets in gaming economies!
CryptoKitties is a blockchain-based virtual game that allows players to adopt, raise, and trade various types of digital cats. The game was developed by Axiom Zen and was first released in November 2017. In the game, players can buy, sell or breed their kitties using Ethereum cryptocurrency.
In CryptoKitties, each cat is unique and one-of-a-kind — just like a real-life cat! Each kitty has a distinct appearance and set of attributes as well as its own “cattributes”. These cattributes are recorded on the Ethereum blockchain through the use of non-fungible tokens (NFTs). They store ownership rights and other information such as type of cats (Gen 0, Gen 1) and generation number.
The game is still in beta, so it’s not a done deal yet. However, they are offering some of the rarest NFTs out there which can be sold for huge amounts of money.
The rarest cards have been auctioned off for over $60K worth. The team plans to sell in-game digital cards with 300k packs that can also be used as crypto digital assets. There are very few beta keys available, so act fast!
Please note: that you need a high-end GPU to play this game. You also have to buy cards (like Hearthstone or Magic) because all the loot boxes are removed from the game and converted into tradable NFTs.
My Crypto Heroes
My Crypto Heroes is a role-playing game that allows players to collect Ethereum-based NFTs and use them to fight computer enemies and other players. The game has been around since December 2018, and it still has thousands of users.
Players can earn free NFTs by playing the game, or they can spend very little money on it. For example, there are “gacha” boxes in the game that cost $2-$5 each.
They contain random characters that you can use to battle with. These characters aren’t technically tokens in the sense we’re describing here because they don't live on the blockchain (they live on Ethereum's sidechain), but they are nonetheless non-fungible items used in gameplay.
2. How to Get Free NFTs in Cryptocurrency Exchanges
Cryptocurrency exchanges are platforms that allow you to purchase cryptocurrencies such as Bitcoin and Ethereum like you would buy stocks on apps like Robinhood.
An important part of any crypto enthusiast is collecting free crypto (usually through Bitcoin mining) or finding ways to grow your portfolio.
In these programs, you’re awarded free cryptocurrency for each person you refer who opens an account on the exchange and meets certain requirements (for example, deposits at least $100 worth of cryptocurrency into the exchange).
You can also use sites that offer cryptocurrency airdrops like CoinMarketCap. NFT airdrops are also a thing but you should do your own research before participating.
Airdrops are giveaways of free cryptocurrency that happen when new cryptocurrencies are created – usually when a startup creates a new coin, game, exchange, or business model and issues it to the public.
3. How to Get Free NFTs with Free Mints
Some projects offer free mints in order to develop quickly and gather interest. This is a great way to get started with NFTs, but be sure to do your research before participating.
Be sure to check out the project’s website and community channels (e.g. Discord, Telegram, Twitter) to get a sense of the team and whether the project is active and well-supported.
Another way to get free NFTs is to participate in airdrops or bounties offered by projects. These are usually posted in community channels, so keep an eye out!
ICOs and Bounties
Another way to collect free NFTs is through crowdfunding campaigns. ICOs are initial coin offerings that issue their virtual coins.
You can track down a pre-ICO list and ICO listings on sites like CoinDesk, ICOBench, TopICOlist.com, ICODrops.com, and CoinMarketCap.
Once you find a project you like, you can sign get in early and purchase ICO coins which sometimes offer bounties. Bounties are rewards offered by ICOs to encourage community members to help drive awareness and adoption of their projects. You can also collect free ICO coins by referring friends to ICOs and getting them to purchase their tokens as well.
4. Make Your Own NFT
You may create your own NFT by minting it onto a blockchain with certain decentralized applications (DApps). The most popular platforms that enable you to do this are Ethereum, EOS, and TRON.
In order to mint your own NFTs, you will need to have some knowledge of coding and be familiar with the process of creating smart contracts. The platforms listed above all have their own coding languages that you will need to learn in order to create a smart contract.
If you are not familiar with coding, there are other ways to create your own NFTs. You can use a service like Canva or Splice to create digital art that can be turned into an NFT.
You Got Free NFTs, Now What?
There are many ways that you can use your NFTs, but what you do with them depends on the type of NFT you have. If you have an NFT for a collectible item like a virtual baseball card, then it's probably more worthwhile to hang on to it as a collector's item than sell the NFT to someone else. You can do this by using an auction platform like OpenSea, Rarible, SuperRare, Nifty Gateway, Foundation, VIV3, BakerySwap, Axie Marketplace and NFT ShowRoom.
In other cases, selling your NFTs is a great way to make money off of them because they can be used as an investment vehicle if you want to invest $10,000 in NFTs, for example. If you own an in-game digital asset like a rare skin or weapon in one of your favorite video games, then selling it could give you some extra cash that would be useful if you need some funds right away.
You can also buy and trade cryptocurrencies using non-fungible tokens (NFTs), which allows investors to diversify their portfolio with cryptocurrency investments while still holding onto their existing fiat currency holdings such as USDT, ETH, EOS, LINK, LTK, BNB, BTMX, MATIC, ONE, ZB, UNI, VET, LTC, XRP, ADA, TRX, DOT, BTC, BSV, XMR, DASH, etc.
In addition, there are many different types of tokens ranging from coins like Bitcoin and Ethereum all the way up through stablecoins backed by real currencies such as Tether (USDT).
It's possible to get free NFTs and use them as an investment or as collectibles
Non-fungible tokens, or NFTs, can be used for virtually anything—to represent digital art, to recognize the authorship of creative work, or as in-game assets. Many companies are using NFTs to raise funds by selling them on the market.
As we discussed earlier, NFTs are stored on the blockchain and have unique attributes that make them exclusive.
Many people find it useful to use NFTs as investments or collectibles. The value of an NFT is very volatile due to several factors including the rarity of the item and whether it has utility value (e.g., if it can be used in a game).
What are the Best NFT Wallets?
The first thing to do is pick an NFT wallet that suits your needs. I suggest evaluating a few options before settling on one — but the best NFT wallets according to Fool are Metamask, Math Wallet, AlphaWallet, and Trust Wallet.
Of course, a simple online search will yield dozens of wallets that claim to be the best of the best, but you don't have to settle for the first wallet you see.
The most important criterion when selecting an NFT wallet is whether it offers functionality that fits your needs. The more functionality your wallet can provide, the more likely you are to use it and keep it in good working order.
Getting free NFTs is a great way to build your crypto collection and make a profit (or also lose money) in the long term. Make sure when you're getting free tokens, or buying collectible or tradable items, that you are focused on making sure that you know if there's an economy surrounding it. These can be traded on secondary markets, even though they were initially non-tradable.
In the same way that many players invest in digital assets, you can use your NFTs as a store of value or a method to grow your fortune. Online games and collectibles are quickly becoming a stable force for financial prosperity. As the number of NFTs continues to grow, more uses for them will be found and more people will become interested in using them. After all, NFTs hold value simply because they are cool.