Amidst the ongoing boom, as crypto-based collectibles and artwork trade for thousands of dollars, NFT airdrops are garnering immense attention. By selling digital art as NFTs, artists are getting due recognition, as well as remuneration, for their creations.
Beeple, for instance, caused ripples in the NFT scene by selling his artwork for a whopping $69 million. That’s not the end though, but only the beginning. In March 2021, he further released two pieces from his Everyday series—the Illuminated Path and Trill Kill—through a raffle at MakersPlace. In the raffle, the price of this seven-edition artwork was $7. Later, as the pieces traded on secondary markets, they fetched a price as high as $350K—that’s a 50K-times premium. No joke!
As this example highlights, NFTs are quite at the center of things now. It’s only natural that you want in on the ride. So, in this article, we discuss NFT airdrops, through which you can get free NFTs in your wallet.
What Are NFT Airdrops?
To promote new NFTs, project owners often distribute free tokens through a process known as NFT ‘Airdrops’. By depositing free tokens into the wallets of participants, airdrops create recognition for newly-minted NFTs.
NFT airdrops enhance the token’s visibility and acceptance among the community. Further, the free tokens incentivise the onboarding of new users on the platform, which is beneficial in the long run. So, basically, it’s a win-win situation.
Did you know, that half of the Crypto Punk NFTs were airdropped back in 2016? Today these NFTs are sold for hundreds of thousands of dollars, and some even got sold for over $1 Million. Soon, 9 of the Punks will be auctioned at Christies. We’ll have to wait to see for how much these will be sold. It’s too late now to get your hands on a free Punk, but don’t miss out on todays NFT airdrops.
Some Leading NFT Airdrops
NFT airdrops are generally time-bound events. Over time, there have been several massive airdrops, including Uniswap’s UNI token airdrop. However, in this article, we’re not dealing with NFT airdrops from the past. Rather, in sync with the domain’s competitive spirit, we focus on some of the leading and ongoing (as of April 2021) NFT airdrops.
In the context of NFT airdrops, it’s interesting how the Binance Smart Chain has emerged as a parallel to Ethereum. Innovators in NFT are increasingly taking to Binance, primarily due to the low costs and faster settlements.
PancakeSwap—a Binance-based Decentralized Exchange (DEX) protocol—is airdropping ‘Bullish’, which is a 3D, animated NFT related to the Lunar New Year. The first 8,888 people creating profiles on PancakeSwap are eligible for this limited-period NFT airdrop. Additionally, the first 1900 people will also get a special edition ‘Hiccup’ NFT. To participate, simply connect your wallet, create a profile, and wait for the airdrop.
BNBBunnies—another Binance-powered NFT—are ‘adorable’ crypto-collectibles, each with unique qualities and features. The 100th bunny has wings and additional assets, while every other has some special ‘genetic constitution’, created with cryptographic encoding. Out of the maximum supply of 10,000, an ongoing NFT airdrop is distributing 1,500 bunnies. Simply visit the site, connect your wallet, and claim your free NFT.
WallStreetBets (WBS) is a community-oriented cryptocurrency, created by a group of active traders who met at WSB Reddit. Starting off as a meme token, the idea of $WBS has grown significantly. Now, the platform is airdropping unique NFT Meme Arts through PancakeSwap. The eventual owners of these NFTs will gain voting rights within the WSB ecosystem. To become eligible for this NFT airdrop, users will have to provide liquidity to bWBS/BUSD and bWBS/BNB pools on PancakeSwap. Depending on the total liquidity pooled, WBS will airdrop up to 500 $bWBS tokens weekly.
Rarible (RARI) reserves 75,000 RARI tokens every week for buyers and sellers of the platform. They are one of the biggest NFT marketplaces, and the only one rewarding their users with airdrops. You can find more details on how to claim your free RARI here.
Now that you have a working idea of the scope of NFTs, you might be interested to stay updated. People often miss out on NFTs because the window closes sooner than they get the information. As we have seen, NFTs carry substantial worth and will continue to do so in the future. Missing out can be quite a loss.
Realising this, Airdrop Alert brings you updated information about NFT airdrops, at the right time. To help you find the latest NFT airdrops at a glance, our website has a dedicated and updated section on DeFi Airdrops. Additionally, we regularly publish blog posts and articles detailing ongoing NFT airdrops. In fact, our site offers more than just information on NFTs and airdrops—we regularly cover the trending and important aspects of the global blockchain-cryptocurrency domain.
To conclude, let’s reiterate the point that NFTs are here to stay. There might be lows, but given the latent potential, they’ll only bounce back sooner than later. Further, as we have already seen, the sector is growing fast. To keep pace, follow our site and stay updated about the latest NFT airdrops. Let the free NFTs keep flowing into your wallet.