Table of Contents
In the midst of the ongoing rise in cryptocurrency-based art and collectibles, NFT giveaways are attracting a lot of attention. To enhance user engagement and spread awareness about their product, blockchain projects use NFT giveaways, which are analogous to crypto-airdrops. Developers of the project offer free NFTs to cryptocurrency wallets that satisfy specific requirements.
Top 3 Successful NFT Projects Thanks to a Giveaway
Usually, these giveaways take place prior to the project’s actual launch. New projects employ this technique to market themselves before the scheduled launch. NFT giveaways are used by entrepreneurs to generate attention. Additionally, this increases public knowledge of the non-fungible token (NFT) collection. Giveaways may drive up the cost of a token if there is a lot of publicity.
In this article we gonna cover the top 3 NFT projects that succeeded thanks to their NFT giveaway campaign. So here are the top 3 NFT projects:
They are a one-of-a-kind collection of 10,000 pixelated, 8-bit, 2424 art images. They were publicly introduced on June 23, 2017, and were conceived as a whimsical art project by two software developers, Matt Hall and John Watkinson.
About the Giveaway
The market value of CryptoPunks did not materialize overnight. In fact, you’ll be startled to learn that they were initially distributed for free. By simply paying a few cents in gas fees, anybody with an active Ethereum wallet could collect their CryptoPunks. This occurred in 2017, when gas prices were low and the blockchain wasn’t very popular.
After that initial rush of events, the journey has been steady and consistent. The least expensive CryptoPunk in September 2020 cost 2.99 ETH ($1030.68), more than double from just a few days earlier. This is also the time that the NFT craze began to pick up steam before taking off in early 2021.
A batch of 34 Punks was sold for 557.5 ETH, or roughly $1 million, in February 2021. If you find it surprising, be aware that this record was surpassed in March 2021. Dylan Field, who is well-known for his firm Figma and the visual designs used by Twitter, Slack, and Airbnb, sold his CryptoPunk #7804 for $7.5 million. The digital art enthusiast likens the Punk to a digital Mona Lisa and believes that the attention it has gotten will help cryptography become more widely accepted.
On the Ethereum Blockchain, there are 5555 psychedelic toads and mushrooms together known as Tripsters.
Their capacity to connect communities through interactive utility is what gives Tripsters its true power. Tripsters will bring together 12 of the top NFT communities on Web3, leveraging the power of unity and the ability of many people to work together to effect change in the real world. The power of many exceeds the power of one by a wide margin.
About the Giveaway
With the biggest NFT giveaway ever, Tripsters is creating history. Already, their community is constantly increasing. With more than 45k Twitter followers in just one week since going live, Tripsters has become one of the most talked-about pre-mint debuts in the NFT market and is receiving serious media coverage.
Due to the recent explosion in NFT markets, Tripsters is attempting to meet the enormous demand for high caliber development and utility-based projects by offering a blue-chip level project to the NFT community.
Tripsters is sponsoring the largest NFT giveaway in history, with a value of over $1.3M, in addition to their ground-breaking invention in the NFT industry. At specific mint milestones, the Tripsters’ Bored Ape Giveaway will award four Bored Apes from the original BAYC to four fortunate Tripsters owners. Smart contracts will be used to choose the winners, and a random number generator will choose the wallet addresses.
FODL is a fully decentralized (non-custodial) leverage trading platform that draws liquidity from platforms that provide collateral lending, such as Compound and Aave, as opposed to funding rate and margin markets.
About the Giveaway
FODL made the decision to start the largest NFT giveaway in history. The goal of the NFT giveaway was to draw attention to the outstanding work being done by the company in developing a fully decentralized and transparent method for leveraged margin trading.
There were 24 BAKC (Bored Ape Kennel Club) NFTs available to be won over the 2.5 month giveaway period. The floor price for each of these BAKC NFTs was 9 ETH, or about $28K. Starting on February 14th, they began awarding 1 BAKC NFT to a randomly chosen winner from the ticket pool every three calendar days.
The 0xb1 crew has also reserved one Bored Ape NFT to be won after the tournament ends in order to give the greatest NFT giveaway the appropriate crescendo. The floor price of the reserved Bored Ape NFT was 100 ETH, or about $309,000 and the draw was scheduled on April 30 where a ticket will be randomly draw.