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 83 ETH, or $262,000.
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.
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.