A few months back, the crypto world grew anxious with the falling currency prices. But there was one thing that kept the crypto community hopeful. Even as bitcoin (BTC) plunged 30%, non-fungible tokens (NFTs) witnessed a rise in their trading volume. NFTs have had a phenomenal run in the first half of this year with their sales volume surpassing $2.5 billion.
This is a steep jump from the $13.7 million that came from NFTs in the first six months of 2020. So what is it that made NFTs the buoyant force that kept things afloat amidst a sinking crypto scenario? Quite a few things actually!
First, there is a steady proliferation of new collectibles in the market that look promising and have the potential to grow. Second, investors and enthusiasts have realized that NFTs are worthy investment vehicles in the long term. Third, NFTs are here to stay due to their innovative technology and blockchain’s diversifying applicability.
To generate interest among the community and to bring in more adopters, NFT projects have been airdropping tokens. We have made a list of some of the biggest NFT Airdrops in crypto history. Can you guess *the* biggest NFT Airdrop ever made? It is…
Yes! Although wildly popular today, the creators of CryptoPunks decided to airdrop 5,000 proto-NFTs free of cost to anyone who came to mint one. This was way back in 2017 when gas fees were extremely cheap. Thus anyone could get CryptoPunks for a few cents. The developers, Hall and Watkinson weren’t even sure if anyone would care about these pixelated characters.
Now, CryptoPunk ranks 3rd among NFTs, having a total sales volume of $656,687,813. Single Punks and bundles are selling for $7.5 million, $11.7 million, and $17 million on Sotheby’s and Christie’s auctions. Things might go crazier as one Punk has now been listed for $90.5 million. The demand is so high that even the cheapest CryptoPunk will now cost you more than $100,000.
Rarible is conducting one of the biggest NFT Airdrops in the crypto domain. This is a platform where you can mint your own NFTs and then sell them on the marketplace. Rarible is airdropping RARI, a governance token that can be used for voting and decision-making purposes.
Every week they airdrop 75,000 tokens worth a whopping $2,500,000. These tokens are divided on a 50-50 basis between the buyers and sellers. Token distribution happens proportionately depending on weekly sales and purchases.
PancakeSwap is a crypto trading platform built on the Binance Smart Chain with a $9.1 billion total value locked. Additionally, you can earn more by staking your tokens, yield farming, and participating in lotteries.
PancakeSwap had the most popular NFT Airdrop on AirdropAlert.com. The first 8,888 people who created a profile on PancakeSwap will get a limited edition 3D animated NFT. The airdrop filled up quickly with NFT enthusiast.
BNBBunnies are a set of 10,000 unique collectibles with special genetic characteristics for each Bunny. They are algorithmically generated with the 100th Bunny having wings and other special features.
This is yet another biggest NFT Airdrop which you can look into. Out of the total 10,000 Bunnies, 1,500 Bunnies will be given out for free. You only need to pay a minor gas fee to claim your free Bunny.
5. Are You Already An NFT Owner? NFTs Holder Airdrops For Free!
The good thing about having an NFT in your wallet is that you qualify to get more free NFTs. How? Let us explain with examples.
The Bored Apes Yacht Club is a recently launched NFT modeled on apes with boring facial expressions. This set of 10,000 computer-generated collectibles opens up new avenues to earn more NFTs. Each owner of the Bored Apes is eligible for a free Bored Ape Kennel Club NFT. These NFTs are designed after artistic depictions of computer-generated dogs. The Bored Ape will not resemble the Dog, but there might be some rare pairs available.
Bored Apes are not the only ones that are offering the biggest NFT Airdrops. Its competitor, Meebits, from the house of LarvaLabs, has also done the same. Those who already own the other NFTs from Larva Labs, namely CryptoPunks and Autoglyphs, were eligible for free Meeebits. The developers gave a seven-day window post-launch where Punk and Glyph owners could mint Meebits for free.
NFTs have become a roaring success in 2021 with the total market cap growing by 1,785% and total sales worth $340,837,061.73.