How to own NFT with 0 VND capital?

1. What is NFT?

NFT stands for Non-fungible Token and is a type of non-fungible token, developed based on blockchain technology, that represents authenticity and represents the ownership of the holder.

NFTs in web3 are applied in many different fields and purposes. Some popular types of NFT applications include metaverse, games, PFP (Profile picture), music, sports,...

2. Ways to own NFTs with 0 VND capital

In recent days, the NFT space has begun to show signs of heating up again, with many investors gaining significant profits from NFT projects. Importantly, there are many of them who do not have to spend any capital to make an initial investment. Going through the bear market period, most investors were relatively eroded in both psychology and capital. Even long-time investors have become much more cautious with the market when deciding to invest in any investment opportunity. Or from a newcomer's perspective, there are also quite a few people entering the market with a capital of 0 VND. So how can you own and optimize profits with the NFT market without having to invest initial capital?

2.1. Participate in the project's Airdrop/Event/Giveaway events

Often Airdrop and Giveaway programs and events will attract the attention of the community in the strongest and easiest way. Due to crowd psychology, investors in general often look for things that do not require them to spend money but still have opportunities. This is quite understandable psychology and most projects in crypto in general and NFT in particular aim to attract their user community.

For potential projects that have had previous analysis and research, users can closely follow the project through social networking platforms such as Twitter, Discord, etc. of the project to quickly update Airdrop and Giveaway reward programs.

These programs will often require users to support the project in certain aspects such as testing products, completing some tasks to accumulate points and receive rewards, support project communication, etc.

In addition, one of the other popular ways that most projects use to communicate is cross-marketing. The project will cooperate with a number of other partners to organize reward programs for users with NFT mints or NFTs to recognize their contributions. These programs can be in many different genres: participating in AMAs, project-specific programs to experience products, listening to project spaces, etc.

2.2. Join projects to receive initial Whitelist Free mints

Recently, Free mint is one of the project's popular activities to introduce and launch to the community. Users will have the right to mint NFTs of the project with no initial capital, except for gas fees on the network.

This is considered one of the project's wise moves as it both makes it easier for the community to access its project and is also an effective marketing tool, attracting initial users.

Previously, most NFT sets would be launched through minting and valued as tokens, representing the value of the project. However, during the downtrend period, launching tokens and NFTs is not too feasible, especially for NFT sets that are initially overvalued compared to their true value.

However, Free mint has a big drawback: Gas war. Because these events attract a large number of participants, transactions on the network push up transaction processing fees, causing gas to increase significantly, usually x5 x10 compared to normal, or even higher. .

Some projects for free mint users, bringing high profits:

Sugartown: 0.64 ETH
Mittaria Genesis: 0.63 ETH
Blockgames Dice: 0.59 ETH
Kart Party: 2.06 ETH
San FranTokyo Genesis Pass: 9.6 ETH

2.3. Participate in game testing for the project

In addition, there are many projects that choose to develop in the direction of releasing games for users to experience first. Most of these projects are in a fairly new stage so not many people know about them. The project will open private registration slots for early users to experience the project. Most participants will be given a whitelist to mint NFTs or another project reward.

Some projects allow users to test games before launching NFTs: Farcana, Shrabound, Clashed,...

This will be a pretty good opportunity for users because there is not much need to compete, most of these projects are in a fairly new stage so the community has not paid too much attention yet. So those who register often have a high chance of winning. The community and users will be interested and attracted the most in the preparation and release stages of NFTs, so at those stages the odds of winning the NFT mint whitelist spot are also much more difficult.

2.4. Project support

Besides participating in the project's own programs as above, there are also quite a few projects that distribute whitelist mint NFTs to users based on user contributions.

Users can contribute to the project by producing educational content streams, designing creative publications for the project and spreading it across their network of media channels. But this often requires influencers and their own communities.

Depending on each project and specific rules, there will be different ways to distribute the whitelist. Users who support the project can be randomly awarded a whitelist mint NFT or will be recognized based on the roles the project grants on Discord,...

With this method, the rate of receiving a whitelist will also be quite high, provided that the user needs to have great influence and be truly effective in communicating the project.

This will be one of the popular ways for the project to take advantage of the community power and influence of many different individuals and communities to better communicate the project. So most projects will issue NFT mints through this method.

3. Conclusion

Above are the most popular ways in the NFT market to help users and investors access and own NFTs without investing initial capital. Most projects will use this method to initially approach and attract initial users while also bringing quite good communication efficiency to the project. Especially during the downtrend phase, gaining users for the project in the early stages is very difficult.

From the perspective of users and investors, this is also a potential opportunity to help them maximize profits, minimize risks and still increase profits even when entering market without too much capital. The only risk is that users have to chase gas too high, and face the risk of speculators dumping NFTs immediately after minting, leading to NFT prices falling below the gas fee. Note that in particular, users need to carefully research and analyze the project before deciding to mint NFT even if it is free because there is another potential risk that a scam project is created, preying on people's greed. users, hackers can access the assets in their wallets when users connect their wallets to the web to participate in mint NFTs.

Hopefully the above article provides useful information for users about the project. The content is for informational purposes only, not investment advice. Investors need to DYOR themselves and make their own assessments before deciding to invest in any project.