Non-fungible tokens (NFTs) have exploded in popularity over the past year, with record-breaking sales and widespread adoption by artists, collectors, and organizations. However, the cost of buying and selling NFTs can be prohibitive for many people, especially those who are just starting out in the world of cryptocurrency.
In this article, we’ll explore some of the top strategies and techniques for acquiring NFTs for free or at a reduced cost. From participating in giveaways and earning rewards to leveraging your social media presence and skills, there are plenty of ways to get your hands on some amazing NFTs without breaking the bank.
Participate in Giveaways and Contests
One of the easiest ways to acquire NFTs for free is to participate in giveaways and contests organized by artists, collectors, and organizations. These events are often held to promote a new NFT release or to celebrate a milestone, and they usually involve some kind of activity or challenge that participants must complete in order to enter.
For example, an artist might host a contest on Twitter where participants have to tweet their favorite piece of art with a specific hashtag in order to be eligible to win a free NFT. Alternatively, a collector might hold a raffle on their website where participants can earn entries by completing certain actions, such as following them on social media or sharing a post about the giveaway.
To find out about these events, you can follow NFT-related accounts on social media platforms like Twitter and Instagram, join relevant Discord groups and forums, or subscribe to newsletters and mailing lists from artists and collectors you admire. You can also use hashtags like #NFTgiveaway or #NFTcontest to search for ongoing promotions and contests.
Earn Rewards and Incentives
Another way to get your hands on free NFTs is by earning rewards and incentives through various platforms and programs. Many artists, collectors, and organizations offer NFTs as part of their loyalty or referral programs, rewarding users for their engagement and loyalty.
For example, some platforms like OpenSea and Rarible offer reward programs for users who contribute to their communities by curating collections, participating in challenges, or referring new users. Similarly, some artists and collectors offer incentives to their followers, such as free NFTs or discounts on future purchases, for engaging with their content, sharing their work, or referring new customers.
To take advantage of these rewards and incentives, you’ll need to be active on the platforms and follow the rules and guidelines set by the organizers. You’ll also need to keep an eye out for announcements and updates, as these programs can change or end at any time.
Leverage Your Social Media Presence and Skills
If you have a large following on social media or a particular set of skills, you can leverage them to acquire free NFTs. Many artists and collectors are looking for ways to promote their work and reach new audiences, and they are often willing to trade NFTs for social media exposure or other services.
For example, if you have a large following on Twitter or Instagram and you’re interested in a particular artist’s NFTs, you can reach out to them and offer to share their work with your followers in exchange for a free NFT. Similarly, if you have skills like graphic design, writing, or video editing, you can offer to create promotional material for artists or collectors in exchange for NFTs.
To make these kinds of deals, you’ll need to be proactive and reach out to artists and collectors directly. You can use platforms like Twitter and Instagram to find and connect with NFT creators and collectors, or you can join relevant Discord groups and forums to network and find potential partners. When reaching out, be clear and concise about what you can offer and how it will benefit the artist or collector.
Trade NFTs with Other Collectors
Another option for acquiring NFTs for free or at a reduced cost is to trade with other collectors. There are many online communities and platforms where collectors can connect and trade NFTs, including forums, Discord groups, and marketplaces like Nifty Gateway and OpenSea.
To participate in these trades, you’ll need to have some NFTs of your own to offer. You can start by acquiring a few NFTs through the other strategies mentioned in this article, such as participating in giveaways and earning rewards. Then, you can search for collectors who are looking for NFTs similar to the ones you have, and offer to trade with them.
Trading NFTs can be a great way to build up your collection and acquire new pieces without spending any money, but it does require some negotiation skills and patience. You’ll need to be willing to offer NFTs that you value in exchange for the ones you want, and you may have to go through a few rounds of negotiation before reaching a deal that both parties are happy with.
Attend NFT-Related Events and Conferences
Finally, attending NFT-related events and conferences is another way to acquire NFTs for free or at a reduced cost. Many events and conferences offer free or discounted tickets to students, artists, and other groups, and they often have NFT giveaways and raffles as part of their programming.
To find out about these events, you can search online for NFT-related conferences and meetups in your area, or follow NFT-related accounts on social media. You can also check out events organized by platforms and organizations in the NFT space, such as Ethereum or the NFT Collective.
Acquiring NFTs for free or at a reduced cost requires some effort and creativity, but it’s definitely possible. By participating in giveaways and contests, earning rewards and incentives, leveraging your social media presence and skills, trading with other collectors, and attending NFT-related events and conferences, you can build up your collection and discover some amazing NFTs without breaking the bank.