Something interesting just showed up in twitter. The moment I saw it I thought NFTs were gonna have a hard time because people were gonna abuse it…
But I was wrong. Let me explain what just happened:
In this article you’ll learn:
- What’s happening with free NFT mints… and why they are the best thing that ever happened to crypto
- How projects use the power of community
- Projects that have gained a ton of attention
What’s happening with free NFT mints… and why they are the best thing that ever happened to crypto
New NFT projects are popping up with free mints. They don’t charge for mints and don’t make money from initial NFT sales.
At first this can be seen as a terrible move for NFT project makers because, what’s the incentive? No funds, means no project right?
Well, turns out huge communities are being built with the idea of having free NFTs but not only that, they completely removed the need for a roadmap, discord, website and everything else that we’re so used to!
It’s fascinating. People stop free mints and let the community be built and grow organically. Let’s take a look at some of the projects.
How projects use the power of community
They grow extremely fast, some of them get thousands of new followers on twitter by creating great looking NFTs and announcing the fact that they are doing a free mint.
Some do promote themselves to other influencers. Once the community has grown, they release whatever they can to provide utility to their collection. Some are doing marketplaces, others are doing play to earn games.
Again, no roadmap, not even a website in most times. But that’s the beauty of it because people don’t expect anything in return and when the developers bring something to the table, the project becomes better and better.
By having a huge community they are able to grow and make a profit from marketplace fees or really anything that helps the group.