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Author Topic: Free NFTs are a waste of time  (Read 907 times)
Silberman
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October 13, 2022, 02:19:45 AM
 #41

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.
That is what happens when scammers take over a sector of the market, in theory NFTs would have helped artists which mainly create digital works to sell their art and obtain some profits, but instead it helped scammers to make a fortune while those very same artists still faced the same difficulty, so I do not really mind if NFTs never make a come back as I know that if at some point they do scammers will abuse them once again and then the cycle will repeat itself.
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October 13, 2022, 09:01:49 AM
 #42

Yight, on twitter there are always airdrops that give rewards for NFT coins, I've participated in a few but they couldn't be sold because they weren't available on the market, it's true that free NFT is just a waste of time and it's better to be bounty hunters in this forum, even though it's small but it can be done said almost certainly we can sell.
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October 13, 2022, 09:19:47 AM
 #43

Yight, on twitter there are always airdrops that give rewards for NFT coins, I've participated in a few but they couldn't be sold because they weren't available on the market, it's true that free NFT is just a waste of time and it's better to be bounty hunters in this forum, even though it's small but it can be done said almost certainly we can sell.
Yes now NFT is not as popular as it used to be and that's why it might be better to avoid anything related to NFT,
Time is very expensive and when we just waste time without producing anything, it is very unfortunate

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October 13, 2022, 10:22:20 AM
 #44

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.
It was known before having this kind of strategy to gain attention from the community but for now, it was just been ignored and only a few are joining them. And that is because people are already aware of what will happen to them after the said event, they'll get no price but just a token with no market value. It is not really worth spending time with them and sometimes they will just arrive in your wallet freely without doing anything, yet they are still useless, and no way to sell them.

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October 13, 2022, 12:10:57 PM
 #45

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?
After the NFT hype died down, I think it's rare that we can get income from free NFT collections because currently the demand for NFT has decreased and many NFTs are no longer valued as they used to, I personally have so far also collected some free NFT from airdrops but none of those who have value in the market.
Talking about the future of NFT, maybe only hype can bring them back to being valuable again in the future.

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October 13, 2022, 11:15:20 PM
 #46

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?
No one knows on what the future holds on NFT's.Just like other trend which do really come and then wither away for some time.We are on a bear market which
everything is really negatively been affected which we know that it is really be that normal that everything turns out to be shit.Speaking about acquiring free NFT's then
its up to you since we do have our own time whether it would really be worth or not but if you do have some extra time then its not bad to make considerations on collecting
free things.It would really be just needing your time and you wont know if one of these nft's would become valuable.

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October 13, 2022, 11:22:33 PM
 #47

NFT craze is gone I guess during bear market and many people got hyped over it that's why many people suffer from losses. Having free NFTs will not surely make profitable hence the hype is gone and of course it's given for free because it has no value or it may have value but not that much.
They've bound in losses because they've only held onto it because of the hype. But looking at those people now that have invested heavily into NFTs, they're at losses.
Too many articles now show how massive the losses are if someone has invested in NFTs and still holds it up to now. Whether the NFT is free or not, you'll see that the mania is no longer there.
It's a waste time for some and there will be folks that won't choose to spend time for it.

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October 13, 2022, 11:24:56 PM
 #48

NFT craze is gone I guess during bear market and many people got hyped over it that's why many people suffer from losses. Having free NFTs will not surely make profitable hence the hype is gone and of course it's given for free because it has no value or it may have value but not that much.
I remember when some nft belivers said nft was the future but this proves that nft is no more than a short term hype that created by the whales. Mostly of free nfts were not having any value. This can be created easily and none wanna try to buy free nfts as well.
That makes it has zero demand for now compared when it was still booming and so many dumb people bought garbage nft with high price.

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October 13, 2022, 11:32:08 PM
 #49

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?

Self-preference indeed, if you think claiming free NFTs are waste of time, then so be it. Ignore them and find more valuable things to spend with your time. It's like the old days of airdrops were in, later on, the same question was raised which is, is worth doing airdrops now?

Regarding the question, of whether NFTs can still make money, the answer is YES.

Remember that the NFT marketplace is huge.

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October 13, 2022, 11:58:16 PM
 #50

there are quite literally so many NFTs being made each day and therefore making these NFTs somewhat useless and have no value at all, these airdrops are certainly one of them in which just gonna ended up having no value, after all these kind of thing are usually being given like that because they want to make it famous and increase its value meanwhile 1 out of 100 gonna just fails and become useless NFTs.

Actually, it doesn't have to be NFT, whatever projects we get from the airdrop will usually be worthless and difficult to sell. So we really have to
understand the risks if we get free NFT, never get our hopes up too high. Because there's no point in collecting free NFT, it's just a waste of our time.
If we want to invest in NFT, choose NFT projects that are indeed popular with high demand. Actually I'm still pretty sure in the future NFT will return
to hype again, but indeed the risk of investing in NFT is quite large. So if we want to make big profits, of course we have to make sure we really
choose potential NFT projects. As usual we must do research and analysis properly, so that we are not wrong in choosing projects for investment.

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October 14, 2022, 04:24:21 AM
 #51

Of course they are waste of time. Those are "free" NFTs. Everyone receives those NFTs for free, so the price of those NFTs almost worth nothing. Unless you are very lucky and you receive a very rare NFT and for some reason that NFT gets hype, you won't be making anything by collecting those tokens. Also the hype of NFT is almost over. So don't expect to make anything real quick.

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October 14, 2022, 04:41:34 AM
 #52

Yight, on twitter there are always airdrops that give rewards for NFT coins, I've participated in a few but they couldn't be sold because they weren't available on the market, it's true that free NFT is just a waste of time and it's better to be bounty hunters in this forum, even though it's small but it can be done said almost certainly we can sell.

Well, there doesn't seem to be much difference between the two, and tokens from bounty campaigns are also junk projects like NFT out there. Participating in the NFT airdrop does not take too much time but it will take you a lot of time and effort to get rewards from bounty campaigns. It can be said that the stuff in this market is mostly junk whether it's bounty campaign or NFT, even investment. Therefore, we should research and select potential projects, do not participate indiscriminately and then be disappointed.



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October 14, 2022, 06:14:56 AM
 #53

Not exactly if you have gone for some hyped one then you could make some profits out of them or say even few dollars only because you have secured a mint at only transaction fees which is minimum (except ETH) then you can list them at FP above it and make profits out of them.There are some free mints that have gone 3x-5x within few days so the holders are enjoying the huge profits out of them so can't say waste of time.

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October 14, 2022, 06:20:03 AM
 #54

Of course they are waste of time. Those are "free" NFTs. Everyone receives those NFTs for free, so the price of those NFTs almost worth nothing. Unless you are very lucky and you receive a very rare NFT and for some reason that NFT gets hype, you won't be making anything by collecting those tokens. Also the hype of NFT is almost over. So don't expect to make anything real quick.

right.. before I thought if we get NFT, then we will be able to benefit.  But it turns out that NFT is the same as a Token. If the Token has a market then we will benefit. But if the tokens we get don't have a market, then they are trash token
You can't even call NFT is the same like token. Token is clear has market and it's also liquid. NFT was not liquid. You need to find someone who interested to buy your nft or it will never be converted into the money. Think about that. This is the possible thing to happen with NFT.
Bunch of nft has become useless unlike token in the market which can be converted into the stable token asap

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October 14, 2022, 11:03:41 AM
 #55

I once got a free NFT on Binance, namely Mobox and it was sold for $10,
so for me looking for an airdrop and following it for free is not a waste of time,
because the tasks given are also fairly simple so why waste time? In fact,
I think looking for free NFT can make us earn even though it's not big we should be grateful.

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October 14, 2022, 11:12:15 AM
 #56

These days there are still tons of people keep wasting their time and fees to earn garbage NFTs. Even after this thread being created and so many people didn't even aware if these NFT were so garbage as trash. NFT basically was a trash that being sold for money due to the hype.
People who bought NFT has been loosing tons of money. NFT is a way for us to spend our money for nothing.
I guess they still think they can get it, and maybe they can sell it one day. We can't stop them because it looks like they still want to do it. Perhaps now the NFT trend is almost over or it's over, but people don't realize it and are still hunting for it. Those who buy NFT as a collection may still be hunting for it because they think that the trend of NFT can still rise in the future. We'd better stay focused on what we're doing right now because the next trend could give us a chance to make a profit.
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October 14, 2022, 11:24:43 AM
 #57

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?

Maybe some day some free NFTs could have a re-evaluation. But I think this could happens just for a tiny percentage!
Most of NFTs are just garbage on blockchain, useful for miners that have processed the mining for transactions and people that have managed the market and no more.
I have collected many nft in various airdrops on different networks. No one has any value...just time wasted.
Let's see what the future holds, but I really don't think there can be many surprises Sad

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October 14, 2022, 11:45:17 AM
 #58

Yight, on twitter there are always airdrops that give rewards for NFT coins, I've participated in a few but they couldn't be sold because they weren't available on the market, it's true that free NFT is just a waste of time and it's better to be bounty hunters in this forum, even though it's small but it can be done said almost certainly we can sell.
Yes now NFT is not as popular as it used to be and that's why it might be better to avoid anything related to NFT,
Time is very expensive and when we just waste time without producing anything, it is very unfortunate

The current offer of airdrops with NFT coins payments is massive, I've joined and it took me at least 5 minutes to join, this seems a waste of time because most NFT coins are worthless. I've also gotten airdos but had to make a purchase by connecting a wallet and I canceled it for fear of being used for a scam.
Indeed, airdrops with NFT prizes do not seem advisable considering that NFT is not as popular as it used to be and is not valuable,
better think about it first than just wasting our precious time,
do your research before joining the airdrop

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October 14, 2022, 11:55:32 AM
 #59

These days there are still tons of people keep wasting their time and fees to earn garbage NFTs. Even after this thread being created and so many people didn't even aware if these NFT were so garbage as trash. NFT basically was a trash that being sold for money due to the hype.
People who bought NFT has been loosing tons of money. NFT is a way for us to spend our money for nothing.
I guess they still think they can get it, and maybe they can sell it one day. We can't stop them because it looks like they still want to do it. Perhaps now the NFT trend is almost over or it's over, but people don't realize it and are still hunting for it. Those who buy NFT as a collection may still be hunting for it because they think that the trend of NFT can still rise in the future. We'd better stay focused on what we're doing right now because the next trend could give us a chance to make a profit.
That word "maybe" is very close to nothing. Hoping that one day they can sell them but unfortunately, the chance is very slim. Free NFTs are just receiving airdropped coins that have no market value and it only stuck on our wallet as we have no option to sell them in order to get some at least for a few bucks.

Honestly, NFT projects losses its value and market demand, their time is over, the hypes is done. If ever we bought some of these coins last year, I'm not sure if we still have the chance to at least recover our funds.

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October 14, 2022, 12:07:20 PM
 #60

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?
The hype of NFTs is almost end now. and many NFT projects are constantly coming in the market and they have created various types of NFTs to sell them at low prices . So free NFTs are not very effective though they are sellable but not very profitable. So I am not very optimistic about NFT project and I have no interest in free NFT


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