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How to Get a Free NFT Token?

nft free token

Cryptocurrencies are on the rise in 2022 again, but non-fungible tokens (NFTs) have gained a special hype. Today even children make millions on NFTs: for example, a 12-year-old American girl sold her drawings in NFTs for $1.6 million! Not only artists but also musicians, poets, and other representatives of the artistic sphere make money on an NFT. Even authors of memes can monetize their jokes through an NFT: Zoe Roth, the heroine of the Disaster Girl meme, made almost half a million US dollars from non-interchangeable tokens. 

What Exactly is an NFT?

A token is simply an entry in one of the blocks, and as a rule, there can be many of the same types of entry. For example, each Bitcoin is an exact copy of another BTC of the same type, making it possible to confront them with a fiat currency. But what if you need to create a unique token that has no counterpart? An NFT is an answer.

An NFT, or a non-fungible token, is a unit of account that is used to create a digital image for any unique object. This can include paintings, photographs, videos, music, gifs, i.e., any content that claims to have any uniqueness whatsoever. The NFTs are of great value among collectors, gamers, and art enthusiasts, and are bought and sold through auctions. They are stored in the blockchain.

How to Get an NFT for Free?

With all the hype, while the wealthy people are spending huge sums to buy the next scoop, many of them miss out on a useful tip that an NFT can be obtained for free, and even such free works can be a hit.

There are many ways to get free NFT tokens. Very often, the companies hold various giveaways with all the information about it available on social media. Developers actively post about it on Twitter, Telegram, and various cryptocurrency forums. Almost all companies conduct such giveaways as they are interested in attracting new users to their projects by giving away tokens for free, which will subsequently have an impact on increasing transactions. However, it should be clear that it is almost not possible to become crypto millionaires in this way as often, the coins in the giveaway are cheaper than $30 and they are in rather limited quantities.

NFT Airdrops

It is very common for companies to offer tokens for completing simple tasks or registering with their service. These giveaways are called Airdrop. To get the coins, you usually have to do very simple things, e.g., register on the site and get verified. In return, a user receives tokens from the developers.

Often these coins have no value at the time of distribution, and you should not expect to make an immediate profit. However, the tokens have the potential to grow further and you can make a very big profit in the long run, especially when you consider the fact that this operation requires no investment other than a couple of minutes.

Generally, there are two types of Airdrop such as automatic and incentive.

An automatic Airdrop requires a user to have a cryptocurrency wallet that complies with all token standards to automatically accrue the coins that are obtained after a hard fork.

An incentive Airdrop involves the accrual of coins as a reward for completing various tasks, which includes the project’s marketing campaign.

Anyone can participate in Airdrop, but in some cases, you will be required to have professional skills or a large amount of time. The advantages of this method of obtaining free tokens include simplicity, no entry threshold, and the ability to acquire a confident wallet.

Free NFT Mints

Minting is buying NFTs at the time of launch at a very low price. To mint NFTs, you need to subscribe to the project’s social networks and wait for a link to a website where you can enter into a smart contract almost for free a few minutes before the tokens are released. You must have the necessary amount of money in your wallet to mint a token. On Solana, it’s usually up to 1 crypto unit. If the project you’re interested in is on Ether, the amount for the initial purchase is usually up to 0.2 ETH.

Just a few hours after the start of sales, the price of that token increases several times over. Once you are convinced that the project is worth investing in, you can look at the main timer of the website where you will see when the sales start. And if there are only a few seconds left, then manage to buy tokens before they run out. By the way, the experienced crypto holders use special robots that are sure to hit the mint button faster than the people do themselves.

Make Your Own NFT

What do I need to create an NFT? Of course, the first thing you need is the object to which the token will be linked. And it is its uniqueness and exclusivity that determines the final price of an NFT. It can be a gif, an image, an original video, or a song that you create. In general, anything that you think might be interesting to other users.

But it’s not just digital items that can be NFT objects, it can also be things that are real. For example, you can use tokens to sell your stamp collection, a sculpture, or a real painting. This is not yet a common practice, but that will certainly be subject to changes in the future. There are already examples of that as not so long ago, an art object worth over $130,000 was sold at Christie’s auction.

In addition, creating an NFT requires a cryptocurrency wallet and a stock of coins, which may be needed to pay a commission. Although the latter is not always necessary as some platforms allow you to create tokens for free if you don’t plan to sell them… or vice versa.

Let’s choose a blockchain platform (e.g. OpenSea, Juggerworld). At first, all transactions with non-fungible tokens were done through Ethereum. But these days, many other blockchains have joined Ethereum, including Tron, Tezos, Binance Smart Chain, and Polkadot. And the type of blockchain determines the choice of the platform you are going to use.

However, the choice of the platform itself is largely a matter of convention. Most NFTs are created in BEP-721 or BEP-1155 format, and the choice of platform depends primarily on which marketplace you are most comfortable using and which terms it offers.

Play-to-Earn NFT Games

While traditional games allow you to earn through the purchase of random loot boxes, some NFT-based games reward users for completing various tasks. They allow gaining unique digital items without any investment beyond buying the game itself, which is often free. Examples of such projects include the Alien World Defi universe and Spells of Genesis, i.e., one of the first NFT games with this mechanic. More and more projects with gamification elements are now appearing on blockchains, and in-game rewards are not their only advantage. Some of them are also playing their NFTs on third-party platforms.

Full House online gaming and the trading platform use NFTs in their games and give users two free animated NFTs as a sign-up bonus. This is a common promotion to attract new members. It is also used by online casinos that offer no deposit bonuses to new players.

To take advantage of the Full House offer, create a Binance Smart Chain address where the platform will transfer your tokens in the form of cards. They can be used to play NFT poker with the opportunity to win big prizes every day.

Conclusion

In today’s world, anyone can develop their own NFTs. This can be done via specialized services, which both offer the possibility of development, but also explain how to do it in detail in the manuals.

Participation in such projects allows users to get their first NFT tokens from scratch, and then sell them as the currency grows or leave them in the collection until better times.

Many users want to create their own NFTs, but they are put off by the gas fee, i.e. the cost of creating new tokens. However, there are solutions to this problem. Firstly, sometimes the price can come down to a minimum due to supply and demand. Secondly, some platforms allow the creation, purchase, or transfer of NFT ownership for free. For example, the Polygon blockchain also allows you to exchange tokens for ETH and operates this way in certain circumstances.

If you’re just starting in the world of NFT, all of these tips will help you create or get non-fungible tokens for free. Have a sweet deal.

FAQ

How Do NFTs Work?

Let’s look at the main features of NFT tokens.

Ethereum blockchain. NFTs are most often run on the Ethereum blockchain. But new projects on alternative platforms have started to emerge after congestion on the network. The same GameFi often uses other projects because of high transaction costs and fees within the ETH network.

Deficit. In order to maintain the value of NFTs, their supply needs to be severely limited. Tokens have varying degrees of rarity. This means that only a small number of certain rare and most popular tokens can exist. NFTs for some games are sold in packages, thereby giving every player the chance to get the desirable NFT.

Indivisibility. Another difference between non-fungible tokens and cryptocurrencies lies in their indivisibility. And if you can send 0.05 BTC to a friend, you will not be able to do the same with a 5% NFT token.

Guarantee of authenticity. Last but not least, like all blockchain platforms, an NFT allows you to track the authenticity of an asset and see its ownership history.

According to many experts, NFT tokens can help breathe new life into the struggling music industry suffering from the coronavirus pandemic. The Kings of Leon band have pioneered this trend and released their next album in tokenized form. The rarest token available offered a variety of benefits, including front row seats at the band’s live shows, plenty of merch, and personal driver services on the day of the show.

Where To Store NFTs Safely

There are many wallets in the digital asset marketplace for interacting with non-fungible tokens. The question of where to store NFT is not easy to answer because of the wide range of options available. For example, users who want easy access to most of the topical platforms focused on non-fungible tokens will find Metamask a good fit. Those who need to quickly switch between different networks of digital assets should consider Math Wallet.

Features to look out for when choosing an NFT wallet are the following:

 

  • A user-friendly interface

 

The idea behind NFT is complex which is why it is better to choose a wallet with an intuitive interface that’s easy to set up and use.

 

  • Multi-device support

 

Most NFT wallets are available in different versions: web, desktop, or smartphone app. Metamask, for example, can be installed on multiple devices, and transactions on them will be synchronized in real-time.

  • Cross-chain compatibility

Most wallets support Ethereum-based tokens (ERC-721 standard). However, if you want to create, buy and sell non-fungible tokens in other networks, you will need a wallet that offers cross-chain compatibility or at least supports these blockchain networks (Tezos, Zilliqa, Binance Smart Chain, etc.).

How to Get Started With NFTs

If you decide to deal with NFTs you will need Ethereum or any other coin that is native to the network in which you want to buy an NFT, and therefore a cryptocurrency wallet. It is better to buy cryptocurrency from reputable and verified exchanges like Binance, Coinbase, FTX, Bitfinex, Godex. 

Where to buy and sell NFT tokens? The safest place to transact is on platforms like OpenSea, SuperRare, and all the same NiftyGateway. But be sure to set up two-factor authorization via SMS or email. Because where the money is, there are inventive scammers and hackers.

Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.

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