An NFT drop refers to the release of a non-fungible token project at a specific date, time, and minting price. Learn more about NFT drops here.
*Compared to major competitors. Terms and conditions apply. This is not investment advice or an investment recommendation. NFTs are shown for illustrative purposes and the types of NFTs available may vary. Cryptocurrencies, including NFTs are highly volatile, subject to significant price risk, and may not be suitable for you.
Non-fungible token (NFT) airdrops are essentially giveaways that distribute free NFTs to collectors and investors. NFT projects airdrop collectibles to raise awareness for their projects, grow their communities, and reward loyal fans.
But is every NFT airdrop safe? How does someone participate in an airdrop? This article answers all these questions and more with an overview of how NFT airdrops work.
Airdrops are the free distribution of digital assets like NFTs. In the NFT community specifically, airdrops have become a popular way for projects and artists to gain attention before their public launch.
Some of the most successful NFT airdrops include:
Not every NFT airdrop is structured or distributed the same way. Below is a short list explaining some of the ways that various projects can structure their giveaways.
Collectors and investors should not blindly participate in any project that offers an airdrop. All NFT enthusiasts should be careful before providing information for airdrops and do detailed research prior to signing up for an upcoming drop. Unfortunately, scams and phishing attacks are common in the NFT space, and a lack of careful research and information protection could lead to compromised wallets and loss of funds.
Here’s a short list of tips to avoid being scammed by malicious NFT airdrops.
NFT airdrops are worth considering and researching for novice or experienced collectors. A cost-free opportunity to participate in an NFT community can be a valuable learning experience and just fun! Prospective airdrop participants should carefully consider and evaluate a project before sharing personal information or connecting a wallet though. Avoid scams and protect funds while looking for opportunities to build a personal digital asset collection.
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