What is an NFT airdrop?

An NFT airdrop can be initiated for several reasons. You may receive an NFT airdrop for holding a certain NFT in your wallet, promoting a brand in some way, participating in a giveaway, or even as a gift which is more a marketing strategy rather than a gift. Just to be fair, NFT airdrops can be extremely valuable.

What are nonfungible tokens (NFTS) airdrops?

Most airdrops are about cryptocurrencies, but there are also airdrops where you can get nonfungible tokens (NFTs). Just like crypto airdrops, NFT airdrops can be organized for promotional purposes. If you want to qualify for an NFT airdrop, there are several ways to accomplish this.

What are airdrops & how do they work?

In other words, airdrops are a way projects can say "Thank you, fren" to their community. Airdrops also aren't limited to just NFTs; projects can send holders free crypto, access to something exclusive, or even other forms of tokens.

How many airdrops are there?

There may be more than one airdrop from a project, depending on how well the NFT or coin is received, but if you are successful, you will receive an NFT directly to your wallet. For NFTs, especially if you have not yet bought any, it is important to make sure your crypto wallet is NFT compatible before registering.