From the moment you enter the crypto world you become familiar with a lot of different blockchain projects. Among the most popular and profitable are the Non-Fungible-Tokens or NFTs. Over the last years investors have used them as a medium to diversify their crypto asset portfolio.
NFTs are becoming even more profitable when you have the opportunity to earn them for free through the process of airdrop.
So, what does NFT airdrop mean?
An NFT airdrop is a marketing strategy applied by web 3 companies in which they give for free a certain amount NFTs to crypto wallet holders.
Through this article we are going to break down every aspect that concerns NFT airdrops, from how it works to whether they are legit or not and in general what does NFT airdrop mean.
How does NFT airdrop work
An NFT airdrop is a marketing strategy applied by web 3 companies and serves two main goals:
- To increase the visibility and brand awareness of their new crypto project
- To reward with some free NFTs the individuals that trusted their existing project from the beginning
Through this process a blockchain company gives away free NFTs to a specific amount of crypto holders.
The receivers often take those NFTs without having to do any action at all, or by just doing a simple action.
This action might be to follow the company in social media or to repost a company’s publication.
A very popular NFT airdrop example would be the case of Uniswap which has conducted multiple airdrops to their users.
In addition, there is one more reason why a company might want to apply an NFT airdrop and give free NFTs to wallet holders.
And this is to reward their holders to show their appreciation for 2 reasons. First was for their early belief in the project and second for continuing to hold on to their NFTs despite that the NFT value rose a lot.
Some examples of this kind of airdrop was the Bored Ape Yacht Club or CLONE X.
For a more thorough look at what exactly crypto airdrops are you can reach our specialized guide “Crypto Airdrops – A complete guide”.
How to receive NFT airdrop
The first thing you need to do in order to get an NFT airdrop is to have a crypto wallet.
The next step would be to spot the best airdrop NFT opportunities that are active right now. In order to do that you need to become a member in different crypto airdrop groups around the biggest social media platforms like Reddit or Facebook.
Alternatively you can visit the first crypto airdrop platform Airdrop Alert and discover the best NFT airdrop opportunities.
Subsequently, things are going to be pretty clear.
All you have to do is to watch regularly for new airdrops. The good part is that there are plenty of airdrop opportunities that you can claim for.
Finally, after you hopefully found the airdrop you wish to participate in just follow the given instructions from the web 3 company and you are there.
Many crypto airdrops are given away without having to do something in exchange and the only thing required is to participate in the airdrop.
However, some other companies might ask for an action in order to send you the crypto assets.
Examples of those actions are to share information about the crypto project like tagging or reposting something in social media platforms.
For more information on how to receive NFT airdrop click in this article “Crypto airdrops that pay instantly 2023 Updated”.
Is NFT airdrop legit?
NFT airdrops are legitimate since they are widely used by blockchain companies to promote their projects. As a result there are plenty of NFT airdrops out there that have good intentions when applied.
However, the concept of giving away free NFTs and tokens in general are forming an amazing bait for scammers that want to do a malicious act.
In addition, airdrop has gained massive popularity over the last years which makes it even more attractive for scammers to get involved.
With that being said, it is essential for every individual that wants to participate in NFT airdrops to consider the following things before claiming everything.
- For starters, legit crypto airdrops are not going to ask you for money under no under no circumstances. That means that if someone asks for capital for investment just go away.
- Legit NFT airdrops are not going to ask for the key of your private wallet.
- Also be careful when someone asks for personal information for phishing.
- Last but not least, always be suspicious about the value of the airdrop and if the value offered seems very big, then just walk away.
The fact that there are scammers pretending to be legitimate airdrops should not scare you at all. On the contrary, you just have to be careful and make certain moves before participating in any of them.
- Search for the company’s website and white paper to check whether everything looks good or not.
- Ask opinions about the NFT airdrop in different groups in social media and forums that are specialized in this specific area. If something is wrong you are going to be warned.
- Use a crypto airdrop platform to discover new airdrop opportunities like Airdrop Alert because those sites are checking whether is NFT airdrop legit or not.
Our verdict on what does NFT airdrop mean
NFT airdrops are gaining more and more popularity in the crypto world and for good reason. There are plenty of good airdrop opportunities offered by web 3 companies and individuals that participate often make profit. The key in crypto airdrops is to spot the best ones so you have to find a way to constantly discover the top opportunities. Last but not least, you should be aware that there are scammers that are trying to take advantage of this situation. So before claiming an airdrop, make your research to avoid those frauds.
Image source: What does NFT airdrop mean – Zach Copley
