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Author Topic: Free NFTs are a waste of time  (Read 907 times)
MFahad
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October 08, 2022, 05:17:10 PM
 #21

Can free NFTs still make you money? I don't bother to claim free NFTs anymore because I have many that has no good use and value, also NFTs is tanking right now than shit coins, do you still claim free NFTs and are they worth anything? Maybe NFTs will make a comeback some day?
Some free nft has very high value. My brothers recieved free magic craft NFt through Safepal event and I wonder to see that it worths 2 bnb price . He sold it for 1.5 bnb and this is huge profit for free. Remember that many free nft has now floor proce if more than 2 Ethereum.
For participating in free nft giveaway we should first check the NFt project and Usecase of NFT. Gaming NFTS are worthy and also check for supply. Lower the supply ,high will be price.









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October 08, 2022, 05:29:54 PM
 #22

I also have these NFTs and they sit in my wallet like a meaningless picture. I'm not sure if they will ever be of any use, because basically it's just a stupid picture. I will not say that I spent a lot of time on them, but only spent a commission for the transaction. And as it was rightly noted here, gaming NFTs can be useful.

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October 08, 2022, 05:35:28 PM
 #23

I believe there are numerous valuable applications for NFTs, but none of them involve the creation of a collectible keepsake. There is no reason to buy someone else's NFT when you can buy or mint a new one. There is currently a lot of hype in NFTs because people want to get in early on a potential investment. So, of course, they're speculating - none of us can predict the future or whether NFTs will become a mainstream investment tool.
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October 08, 2022, 06:38:37 PM
 #24

Can free NFTs still make you money? I don't bother to claim free NFTs anymore because I have many that has no good use and value, also NFTs is tanking right now than shit coins, do you still claim free NFTs and are they worth anything? Maybe NFTs will make a comeback some day?

Well it is a simple question of one of the fundamentals of the free market: supply and demand. So if everyone (or thousands of people) can get NFTs for free, then this obviously means that the supply is pretty high and the demand to buy those NFTs afterwards will probably be pretty small in most cases. I think it is the same topic with NFTs than with any other airdrops. I would say that 99% of them will never be worth a penny, very few will be worth at least 20$ or a little more and maybe one out of 10000 airdrops has a real value of 100$ or even more. So you have to decide for yourself if you want to keep on participating in airdrops and giving away your data and stuff.
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October 08, 2022, 10:43:07 PM
 #25

Can free NFTs still make you money? I don't bother to claim free NFTs anymore because I have many that has no good use and value, also NFTs is tanking right now than shit coins, do you still claim free NFTs and are they worth anything? Maybe NFTs will make a comeback some day?
Many free NFTs are worthless in the market, so those free NFTs are obtained from airdrop programs so only a few free NFTs are priced but not worth even less than $5-$10. You should not join all free NFT but consider the project analysis so that the distributed NFT has trading volume.


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October 08, 2022, 11:20:46 PM
 #26

I also have these NFTs and they sit in my wallet like a meaningless picture. I'm not sure if they will ever be of any use, because basically it's just a stupid picture. I will not say that I spent a lot of time on them, but only spent a commission for the transaction. And as it was rightly noted here, gaming NFTs can be useful.
They will have no use. The fact that if such NFT was a worthless NFT. People are still thinking if that will worth some money but they can't still accept the fact that if what they have got was a garbage NFT that doesn't have any value. Almost 99% free nFTs are shit.
I don't even believe NFT anymore. It's depend with hype. No hype no value. Why do people need to buy such garbage NFT from others who received that for free?

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October 08, 2022, 11:23:51 PM
 #27

Can free NFTs still make you money? I don't bother to claim free NFTs anymore because I have many that has no good use and value, also NFTs is tanking right now than shit coins, do you still claim free NFTs and are they worth anything? Maybe NFTs will make a comeback some day?
If there's no usage for that free NFTs then I can say that it's totally a waste of time, so don't bother yourself participating on those airdrop because it's not worth it. Top NFTs can still be here though because they have the value and there's a lot of investors for that. Free NFTs are different, they are just a design on your wallet so don't expect any value for that. NFT hype might still come back though, we are just waiting for the bull market again.
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October 09, 2022, 01:53:32 PM
 #28

Actually Collectables are all time waste if you are trying earn profits then bro its a piece of Shit only what you need is the real asset to earn money. Thats another thing if you own millions of Dollar and want Show off or You dont have any other way to spend money then you can buy Shit NFTs otherwise NFTs are not for you.

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October 09, 2022, 02:41:16 PM
 #29

Can free NFTs still make you money? I don't bother to claim free NFTs anymore because I have many that has no good use and value, also NFTs is tanking right now than shit coins, do you still claim free NFTs and are they worth anything? Maybe NFTs will make a comeback some day?
a lot of idiots on the ETH network want to claim a worthless NFT but it costs around $5 or $10 to claim, the strange thing is that gas costs are always high because of the damn NFT that makes ETH transaction fees always expensive, I guess NFT season is over and only NFT has quality and big names that still survive, for example, in the Galxe project, nowadays many people claim free NFT from Galxe and it is still selling well on the Matic Polygon network.

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October 09, 2022, 06:52:32 PM
 #30

Can free NFTs still make you money? I don't bother to claim free NFTs anymore because I have many that has no good use and value, also NFTs is tanking right now than shit coins, do you still claim free NFTs and are they worth anything? Maybe NFTs will make a comeback some day?
If we go into more detail about NFT. NFT is an expression of a person that is reflected in the image so its success depends on the enthusiast. NFT cannot be traded like normal coins. So that makes someone less interested in the project. But NFT has also brought a lot of success to crypto lovers.
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October 09, 2022, 07:39:10 PM
 #31

Can free NFTs still make you money? I don't bother to claim free NFTs anymore because I have many that has no good use and value, also NFTs is tanking right now than shit coins, do you still claim free NFTs and are they worth anything?
Unless there is some liquidity on that NFTs, I would say all of the free NFTs are just trash piles that just wasting your money for transaction fees. I have heard that free NFTs had given you something but not that much, it's just up to you to determine if the fee is big or not to actually make free NFTs worth to try or not. Otherwise just ignore it on most cases.

Maybe NFTs will make a comeback some day?
The idea behind NFT is good imo but the execution is really poor which makes it really dead.

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October 09, 2022, 09:19:43 PM
 #32

Can free NFTs still make you money? I don't bother to claim free NFTs anymore because I have many that has no good use and value, also NFTs is tanking right now than shit coins, do you still claim free NFTs and are they worth anything? Maybe NFTs will make a comeback some day?
I never had or got any free NFT so far. I think that free NFT is just like a free token that is given from airdrop or another program. they will be only trash in the wallet and platform. Many new projects at that time offer their NFT as one of the rewards to get for joining their bounty or certain programs.
But so far, what I am seeing is their NFT is just trash. Most of them are not available for selling. they also have very low value. As we know that NFT projects are complex, but it seems that many new projects offer NFT and this is easy. that is why many NFT from new projects are useless and failed to succeed.

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October 09, 2022, 09:51:29 PM
 #33

Can free NFTs still make you money? I don't bother to claim free NFTs anymore because I have many that has no good use and value, also NFTs is tanking right now than shit coins, do you still claim free NFTs and are they worth anything? Maybe NFTs will make a comeback some day?

It must be admitted that the possibility is very small to make money from projects that we get for free. The reason why there are coins/tokens
distributed for free by certain platforms, usually only attracts visitors. Because most projects that are given for free do not have value.
That's why many people say collecting coins/tokens from airdrops is just a waste of time, because all we get is shitcoins which have no value.
But if we are lucky some shitcoins that we get for free can provide a big profit, although the possibility is very small. So the conclusion doesn't
matter we still claim free NFT, the most important thing is that we don't expect too high from the NFT that we get for free.

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October 09, 2022, 11:10:41 PM
 #34

I am usually more selective in choosing free nft to claim. if it's from the matic or bsc network maybe I'll do it considering the gas needed is not too expensive, there's no harm in trying because to be honest we don't know what will happen in the future.
Even if you are being selective and there's no guarante if your free NFT will have no value. I rarely seen free nfts have value in the market. Once i found it and it was having just like a few cents of value which is useless. I think that you shall stop to bet on its since free NFT was actually a useless thing for sure. The developers were using this to lure people to mint it with their money.

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October 09, 2022, 11:50:30 PM
 #35

Can free NFTs still make you money? I don't bother to claim free NFTs anymore because I have many that has no good use and value, also NFTs is tanking right now than shit coins, do you still claim free NFTs and are they worth anything? Maybe NFTs will make a comeback some day?

Depends on the demand in the market but for sure give away NFT's often doe not have value.  You have to wait until the NFT got a demand then sell it.  If you think claiming NFT is a waste of time, then there is no one stopping you to quit collecting free NFTs.

Personally,  I also think that give away NFT won't have any value.  NFT is different from a token and there are only a few platforms where we can sell it.  Aside from having a few platforms, the demand on NFT is lacking which I think won't be solved anytime soon.  Besides NFT offers no utility except if you are holding Casino NFT that is tied to the company for benefits.

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October 10, 2022, 03:21:24 AM
 #36

Can free NFTs still make you money? I don't bother to claim free NFTs anymore because I have many that has no good use and value, also NFTs is tanking right now than shit coins, do you still claim free NFTs and are they worth anything? Maybe NFTs will make a comeback some day?
NFTs in general are a waste of time, at least with the free ones you are just wasting your time but when it comes to the ones you have to pay for then you are also wasting your money, I think the concept behind NFTs was first brought forward with good intentions and I thought there was the possibility for the market to eventually mature and grab the attention of serious collectors, but scammers took over the market and now it is nothing more but a joke and with this in mind people should stay away from them.
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October 10, 2022, 03:52:30 AM
 #37

Can free NFTs still make you money? I don't bother to claim free NFTs anymore because I have many that has no good use and value, also NFTs is tanking right now than shit coins, do you still claim free NFTs and are they worth anything? Maybe NFTs will make a comeback some day?

It's the same as free altcoins where you can claim it without worrying to do many tasks but in reality, they don't worth anything in the future and they've just been created for surveys or to get your emails or something like that. NFTs that are free are also the same especially those who don't have any popularity in the industry but just to join the hype or whatsoever. If you want some real money then learn daily tradings and earn your crypto in the right way, not just depending on these guys who only make hype for the current trend.

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October 10, 2022, 04:16:09 AM
 #38

Indeed they are, specially saturated ones from cmc/coingecko/galxe.

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October 10, 2022, 04:30:57 AM
 #39

Well, if it's come from random projects that are just given freely without any utility, then I pass. I think besides it wasting energy, time, and fees, somehow I'm worried about security. Please correct me if I'm wrong, but whenever we mint and sign the transactions, it means we also give permission for them to access our wallet, right? Clicking on any unsafe links means we are prone to phishing trials. I personally very seldom engage in this kind of airdrop. It is always better to be safe than sorry. 

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October 10, 2022, 04:45:54 AM
 #40

I got some free NFTs last year that I listed for dirt cheap, like 0.01 BNB, and they still have not sold. With AI art being so popular and accessible right now, the NFT market is extremely saturated. I've even thought about creating some AI art and selling it as NFTs but I think it would probably just be a waste of gas. For regular users who don't have a large social media following it was always difficult getting someone to buy your NFTs, now that the trend is pretty dead it must be practically impossible to get buyers and earn a decent income from NFTs.

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