Ukraine Sells War Snapshots as NFTs

Ukraine Sells War Snapshots as NFTs

by | Mar 28, 2022 | News, NFTs

In an age of blockchain and crypto, the physical war in Ukraine could be funded by NFTs. Ukraine’s Minister of Digital Transformation announced an NFT collection to illustrate the chronological events of the conflict between Russia and Ukraine. 

The government of Ukraine is selling non-fungible tokens (NFTs) to ensure that all the facts and events of the war between Russia and Ukraine will not be forgotten over time. All the funds collected will be used to support the army and civilians in the atrocious war.

Ukraine’s invasion 

On February 24th, 2022, Russia started to invade Ukraine. The entire world was in shock, including Russian citizens. Nobody ever believed that the threats of the Russian president, Vladimir Putin, would ever come to ve true. We were all wrong. 

Ukraine’s invasion has been going on for more than a month now, and the end of the aggression is nowhere in sight. 

While the officials of the two sides continue to meet for face-to-face talks in the pursuit to end the war, the population is either defending the country or fleeing. 

Since the first week of the invasion, the Kyiv government has started to accept cryptocurrency donations, which were plentiful, especially from famous personalities within the tech and crypto space. 

The crypto donations also proved to be a reliable financial market during these uncertain times. The Bitcoin price went up as sanctions poured in and the Russian economy started to collapse. 

Meta History: Museum of War

The NFT collection displaying the terrible facts of the war between the two countries has been announced with a Twitter post by Mykhailo Fedorov, Ukraine’s Minister of Digital Transformation.  

Ukraine’s minister claimed that while Russia uses tanks to destroy Ukraine’s infrastructure, Ukraine relies on revolutionary blockchain tech to help rebuild it.

The Museum of War is a collection that combines non-fungible tokens (NFTs) registered on blockchain with news items. Each item of the collection is a reminder of an important event of the war and uses a unique illustration. 

The NFT launch replaces an earlier plan that would have allowed tokens to be airdropped to anyone who donated cryptocurrency to Ukraine. However, the government decided to not do the airdrop. There is currently no plan to give prior donors an advantage in selling the new NFTs.

Both countries have used cryptocurrency to bypass local currency restrictions and capitalise on the hype around cryptocurrency to solicit donations. Some claim that the Ukrainian government raised $54 million in cryptocurrency through donations.

Ukraine Sells War Snapshots as NFTs

Writing history into the collective memory of the digital age

According to the online museum, these tokens aim to preserve the memories of those events. They are created with the sole scope to share truthful information with the entire world and help continue receiving donations for Ukraine’s support.

The virtual museum platform presents the collection as a chronological record of all events in recent Ukrainian history. The NFTs are factual statements accompanied by personal reflections. Each NFT has a simple formula: each token is an actual news piece from an official source and an illustration from international artists.

At the moment, there are 54 NFTs available, which cover the first three days of the war between Russia and Ukraine. The NFT collection of the war in Ukraine starts with Russia’s announcement to launch a special military operation in Donbas. 

The collection is currently unreleased but can be seen on the project’s official website. The sale is expected to start at the beginning of April 2022. 

The NFT collection is being launched in collaboration with Fair.xyz, a blockchain company that provides the NFT sales platform.

Supporters can also choose to donate Ether (ETH) directly on the page of the project – Museum of War. 

A music festival is offering NFTs as lifetime passes

A music festival is offering NFTs as lifetime passes

by | Feb 3, 2022 | News, NFTs

Coachella, the famous US music festival, has launched lifetime festival passes. But the truly surprising news is that these passes will be sold as NFT. Coachella has partnered with FXT.US to create the Coachella NFT marketplace. The NFTs will be put on sale on February 4, and need to be redeemed by February 25, 2022. 

What is an NFT?

Non-fungible tokens, or NFTs, are unique digital items, that are registered on a blockchain (such as Ethereum, Polygon, Terra, Solana, Tezos and any other blockchain that supports NFTs) in order to retain ownership of that item. Unlike cryptocurrency, NFTs are not fungible, and cannot be exchanged for another, as each one has a different meaning and potential value. 

The main advantage of NFTs is transparency. Think of NFTs are items registered on a public ledger, where anyone and everyone can check the exact trading history of that item. All dates and prices for previous sales are fully disclosed and all events are transparent. 

The consent of NFTs has been around since 2012 when the concept of coloured coins on the blockchain emerged. 

The first digital artist to create an NFT was Kevin McCoy, in May 2014. He minted a GIF image, of a hypnotizing collection of shapes that keep pulsating, entitles “Quantum”. 

The NFTs continued to evolve and take different shapes and have different purposes. In 2021, the market exploded, as it grew from $94.9 million to over 24.9 billion, considering total sales volumes. 

The concept of NFT became popular for almost everyone in the digital space, from big brands such as Coca Cola to local digital artists. 

What is an example of an NFT?

NFTs can be almost anything that can have a digital representation. The tokenisation process is required to register that digital item on the blockchain and actually turn it into an NFT. 

While NFTs were mostly used for digital art and some in-game assets at the beginning, the concept is now rapidly expanding. NFTs can be songs, music albums, digital art, in-game digital assets, assets with real-life benefits, and more. 

The key to creating and using NFTs is that these tokens can be traded. Gamers, for instance, are now able to make a profit from their gaming efforts. 

Coachella festival NFTs 

Coachella is a huge California-based music festival. It started in 1999 and it has grown tremendously since then. 

As of 2021, Coachella will introduce NFTs to grant lifetime access to the festival. This is a limited 10-item NFT collection, which features 10 different keys, to offer VIP access to the festival grounds. 

Coachella offers three different NFT collections for sale:

  • Coachella Key Collection
  • Sights and Sounds Collection
  • Desert Reflections Collection

The 3 Coachella NFT collections

The Coachella Keys Collection will be auctioned by the company. This collection includes 10 NFTs that grant holders lifetime tickets to Coachella. The token holders will receive passes to Coachella each year and access to Coachella-produced virtual experiences forever. NFTs can also be purchased to get special perks at the 2022 festival, such as front row access and a celebrity chef dinner.

It’s not surprising that the festival is getting into the NFT craze. In November 2021 Coachella parent AEG renamed the LA arena, Staples Center into Crypto.com Arena. Other traditional companies have also shown that there is plenty of money to make by attaching physical products or services to digital goods. NFT resales can also generate profits for the original seller which could prove to be a bonus for permanent items such as lifetime passes. In the case of these Coachella NFTs, the festival, artists who have created art installations and designers will be paid a royalty if the NFTs are sold again.

The other two collections feature never before heard soundscapes and posters. Owners can redeem their NFTs for a physical copy.

The Sights and Sounds Collection include 10 digital collectables, of which a total of 10,000 will be minted and each one can be bought for $60. 

The Desert Reflections Collection represents 10 posters from Coachella’s history. Buyers will receive a random NFT of the collection. Only 1,000 items will be minted and the floor price is $180. 

Coachella will donate a portion from NFT sales to HelpDirectly and Lideres Campesinas.

Three collections of NFTs will be available for sale starting February 4th.

NFTs and digital tickets

Digital tickets are one of the top potential use cases for NFTs. In 2021, the NFL announced that it will add NFTs to tickets. However, those NFTs will not grant you access to any football event. The NFL has eliminated paper tickets from the 2021 season, so digital ticketing and resales can be done without NFTs.

And there are other companies that have also tied NFTs to physical products or real-life experiences. For example, the Bored Ape Yacht Club gives exclusive access to parties. Companies ranging from Gap up to Adidas all have sold NFTs that include physical merchandise.

The Metaverse Will Have NFTs With Utility in 2022

The Metaverse Will Have NFTs With Utility in 2022

by | Jan 4, 2022 | Blockchain Games, NFTs

Non-fungible tokens (NFTs) have reached a higher level of popularity and acceptance by both the online and crypto communities. NFTs with utility are here and are no longer considered a bubble, as more projects join the space and give new utility to the created NFTs. 

The rise of metaverse NFTs in 2021

Non-fungible tokens (NFTs) caught the public’s attention when the record-breaking Beeple’s The First 5000 days was sold by the Christie’s arthouse for $69 million, on March 11, 2021. This became the cornerstone of NFT art and spiked a new trend for digital artists and traditional artists as well. 

Since then, NFTs have expanded to include music, art, in-game assets, and even tweets. Basically, anyone can tokenize any real-world or digital asset and use NFT minting to provide unique ownership. FootballCoin is one example of one of the first free-to-play blockchain games to offer in-game NFTs, that are available for trading. 

According to DappRadar’s report, the NFT market generated over $23 billion in 2021. 

The most significant move for NFTs and the entire metaverse space was when Facebook announced its rebrand as Meta, on October 28, 2021. The social media network aims to become more than a social media channel, and will not focus on creating a new metaverse, which will integrate social media, virtual working spaces, gaming experiences and more. The news created huge waves within the crypto space, and most metaverse-related cryptos surged in price. Some of the most hyped coins were Decentraland (MANA) and Sandbox (SAND).

However, the NFT craze started way before that. Most of you might remember CryptoKitties, the Ethereum-based game, launched in 2017. The game caused network clogging and a huge network gas fee increase, as the demand for digital kitties increased. Most of the kitties collectors were attracted to the game by the potential of breeding and selling their NFT. The hype slowed down over the next months, but the idea of speculating over the price of digital assets remained in the crypto community. 

Today, investors can find new and trending NFT collections on platforms such as OpenSea and Rarible. Some of the most popular NFT collections are CryptoPunks and Bored Apes Yacht Club (BAYC). 

GameFi is the game-changer

GameFi protocols were the key moment of watershed for NFTs who followed the metaverse hype. What is GameFi? GameFi can be described as the integration of gaming and decentralized finance (DeFi) within one ecosystem. According to Huobi Research, GameFi has revived interest in blockchain gaming.

Axie Infinity is the leading protocol in this area in 2021. This game universe allows gamers to collect Axies and create kingdoms for their pets. AXS, and SLP are the native tokens that power the game ecosystem.

Sky Mavis, a Vietnamese game developer, developed the Ethereum-based game. It was first released in March 2018. The Axie-Infinity collection quickly rose to become the most traded NFT in NFT history due to the excitement created by the community around it. The collection has more than $4 billion in annual sales. Axie Infinity’s current trading volume has outperformed other blockchain games by miles.

This game is based upon Ethereum but blockchain-based games are becoming more popular across other blockchain networks such as Solana or the Binance Smart chain. Many games have enjoyed popularity on blockchain networks, including Splinterlands on Hive and Wax and Alien Worlds on Wax and Upland on EOS.

Refusal to adhere to traditional gaming regulations

GameFi is disrupting gaming by introducing blockchain technology. However, traditional gaming has not been well-received this innovation. Steam/Valve removed all blockchain-based games in 2021. Over 26 companies and advocacy organizations have called upon Steam/Valve to reverse its ban.

The South Korean government also blocked the release of new play-to earn (P2E) games and requested that existing blockchain games with a model P2E be removed be from the Apple Store and Google Play Store. Epic Games, creator of Fortnite, stated that they are open to blockchain-based games that support crypto and blockchain-based assets.

But the GameFi trend continues to grow despite the opposition from regulators and the traditional gaming industry. ProShares, the company that launched the first Bitcoin-based ETF, has plans to launch an ETF focused on Metaverse. The ProShares Metaverse Theme ETF was filed with the United States Securities and Exchange Commission. If the registration is accepted by the SEC, it will track the performance of the Solactive Metaverse Theme Index, which includes companies involved in the adoption and usage of metaverse-related technologies.

Even one of the big four consulting companies, PricewaterhouseCoopers (PWC) Hong Kong, have dipped their toes into the Metaverse. A land plot was purchased by the company to play in a metaverse Sandbox. After a deal with Velas Network, a Swiss blockchain startup, Ferrari even hinted at NFTs.

These enterprises can use blockchain technology to build business models within the Metaverse, and gain efficiency and compatibility with the real world. It is very likely that 2021 will be regarded as the year for NFTs and DeFi, and 2022 will be the Year of GameFi and Metaverse.

What Are Metaverse NFTs and How Do They Work?

What Are Metaverse NFTs and How Do They Work?

by | Nov 18, 2021 | Crypto wiki, NFTs

What is a metaverse NFT? The metaverse has been one of the most awaited online experiences. Now it is now available for users from all around the world through a simple internet connection. 

Here’s what the metaverse brings and how the metaverse NFT tokens can be used. 

What is metaverse technology?

The metaverse is an immersive virtual world, where users have their own avatar and can interact with each other, share experiences and create places and objects similar to real life. A metaverse is likely to build a completely new ecosystem, a massive-multiplayer online game if you will, with an incorporated economy, that enables users to buy and sell items. 

When was the metaverse first mentioned?

In 1992, the SF novel Snow Crash by Neal Stephenson was the first published piece to mention the term “metaverse”. In the book, humans could interact with software within a 3D space similar to the real world. 

However, the idea of the metaverse exists since the late 1970s. That’s when the internet pioneers talked about the internet as a place to create a bridge between the real and the digital world.

Why is everyone talking about the metaverse?

The Metaverse and Metaverse NFTs are taking over all industries, including crypto, gaming and social media. It has become one of the most used words in 2021, as more platforms are developing and integrating a metaverse experience for their users. 

When Mark Zuckerberg announced Facebook will be rebranding and will be called Meta, he described a virtual world that will enhance and step up our online experiences. 

The metaverse can be experienced through a computer, smartphone or a virtual reality (VR) headset. 

Crypto Metaverse Games and Apps

Since the metaverse requires a safe and transparent technology to incorporate all aspects of a virtual world, including a financial environment, the rise of crypto metaverses has started. A metaverse app can be built on top of a programmable blockchain that supports smart contracts, such as Ethereum, Cardano, Solana, Harmony and others. 

A crypto metaverse is all around the economy within the virtual space, which will rely on metaverse NFTs and tokens.

How are crypto metaverse app different from traditional online multiplayer games?

Firstly, the core component of the crypto metaverse apps and NFTs are :

  • Decentralisation. A crypto metaverse is not owned or controlled by a central entity. At least a part of the metaverse is built on the blockchain. Participants can get equity in the metaverse, and the future of the metaverse is in the hands of the users. 
  • User governance. Most crypto metaverses are democratic environments that have a governance token and a decentralised autonomous organisation (DAO) to enable users to take control of the metaverse and decide on future updates or changes through voting. 
  • Transparent ownership. Crypto metaverses use in-game items, that can be represented through cryptocurrency tokens and metaverse NFTs. Gamers can truly own the assets they buy in a game and anyone can easily check on the blockchain the true owner and value of a metaverse token.
  • Crypto tokens have real-life economic value. Users of a metaverse can easily trade the metaverse NFTs and tokens on DEXs or NFT marketplaces. Some use NFTs for investment purposes while others see them as a means to transfer wealth. 

Several crypto metaverse protocols have been already launched in 2021 and more are announced to be released in the near future. 

Crypto Metaverse Examples

The most popular crypto metaverses apps and are:

  • Decentraland (Ethereum)
  • Cryptovoxels (Ethereum)
  • Axie Infinity (Ethereum)
  • The Sandbox (Ethereum)
  • Alien Worlds ( Ethereum, WAX, and the Binance Smart Chain – BSC)
  • Star Atlas (Solana)
  • Tranquility City (Harmony)

The blockchain network of a crypto metaverse game is one of the most important aspects of the experience, since a congested and hard to scale network may lead to high network fees for transactions and slow speed to confirm and register transactions. 

What is a Metaverse NFT token?

A metaverse non-fungible token (NFT) enables internet users and metaverse participants to truly own the digital assets purchased within the metaverse. 

By owning a metaverse NFT token, the user gets to own a part of the internet and has complete control over it, to trade it, store it and use it. 

A metaverse NFT can by any crypto asset in the metaverse, such as digital objects or land. The ownership of the metaverse NFT is recorded on the blockchain network of that specific metaverse and represents a real value on the decentralised finance (DeFi) market. 

Metaverse NFTs can be traded for digital assets, such as bitcoin (BTC) or ethereum (ETH) on supported NFT marketplaces and decentralised exchanges (DEXs). 

How to Buy Metaverse NFTs

With the great surge in the interest in NFTs and other crypto tokens for the past years, Metaverse NFTs are a great investment opportunity. However, it’s important to check the scarcity of the metaverse NFT that you want to purchase, as well as the brand and community behind it before you make your investment. 

Step 1. Decide on a metaverse

To buy a metaverse NFT you will first need to decide on which metaverse you want to start your digital experience. Some of the most popular crypto metaverses that support NFTs are Decentraland, Star Atlas and Alien Worlds. 

Step 2. Connect your wallet to the metaverse

Metaverse NFTs are traded using a cryptocurrency wallet, such as MetaMask and other wallets supported by WalletConnect. 

Step 3. Explore the metaverse

After you connect your wallet, you will be able to access and experience the metaverse. Users can interact with each other and set a custom avatar for the metaverse.

Step 4. Buy Metaverse NFTs from the marketplace

Metaverses have incorporated NFT marketplaces, where you can buy or sell NFTs, using the crypto metaverse native token. To buy an NFT, you will need to hold the required sum in the wallet you used to connect the metaverse. 

The Metaverse Is Free

Obviously, users can enjoy the metaverse for free, and there’s no requirement to buy a metaverse NFT. 

Now that you know how the metaverse works and how to access the metaverse NFT tokens, we hope you will enjoy this new era of the internet.

Best NFTs to Invest In: Why FootballCoin NFTs Are the Best Choice

Best NFTs to Invest In: Why FootballCoin NFTs Are the Best Choice

by | Oct 28, 2021 | Blockchain Games, NFTs

What are the best NFTs to invest in right now? With the rise of NFT projects and the wider awareness that the world of blockchain technology has known over the past years, investors are turning their attention towards the transparency of digital assets. 

In this article, you’ll discover the best NFTs tokens to invest in and how you can buy NFT crypto. 

Is Investing in NFTs Worth It?

Now that you’re started to learn about cryptocurrency and digital assets, you know there is an entire ecosystem in the blockchain industry. I’m guessing you’re here because you’ve heard from your friends all about NFTs. 

The internet has been talking relentlessly about NFTs since the beginning of 2021. Some gurus pretend to know everything about NFT investment and that NFTs increased their wealth. After a quick search, you’ve discovered an entire world of digital tokens and assets, and you wonder how can you benefit from it? What are the best NFTs to invest in?

First of all, let’s make sure you understand what an NFT is and how does it work.

What Is an NFT?

By definition, NFT is a Non-Fungible Token. 

Basically, this means that no two tokens are the same nor that they can be interchanged. But what are fungible assets? Bitcoin, for instance, is a fungible token. If you trade one Bitcoin for another, you have the same thing and same value.

NFTs are used to certify ownership of digital assets, and they are registered on a blockchain, which is a public digital ledger that anyone can check. 

For instance, if you sell a Bitcoin today and tomorrow you get a Bitcoin back, you have the same value in Bitcoin, although it might not be the exact same Bitcoin. In the case of NFTs, each token is unique, and can only have a single owner at a moment in time.

An NFT can be anything that can be stored digitally, such as a drawing, a collectable card, a song, a Tweet and more. There are many NFT marketplaces that offer a wide variety of non-fungible tokens, such as OpenSea. 

Investing in NFTs

The NFT movement started as a way to collect digital art. 

Think of it like this. Millions of people over the internet can admire a unique piece of art, but only one person has ownership of it. When it comes to digital art, owning it as an NFT is the only way to ensure you are the true owner of it. 

But today, NFTs are also a means of investment in digital assets, that might increase in price in the future. 

Just like physical assets, An NFT is a digital asset that can be an investment. You can decide to keep it for as long as you like and can opt for a big exit if the right price tag comes along. 

NFTs investments should be done in an industry you are familiar with. 

If you’re an art expert, go for digital art which you might later resell (and support the artist at the same time). Selling NFTs is a huge income stream for some investors, but you should also be aware that values might not fluctuate that much in the future. 

If you’re still yearning after your childhood collectable cards, then go with that. 

Knowing and understanding the ecosystem of that NFT will help you gain a profit from your investment. 

Or you can get lucky, like the person who sold a CryptoKitty collectable card for $172,000.

At the time of writing this article, the most expensive NFT ever sold is Beeple’s First 5000 Days. It was sold on March 11, 2021, by the Christie’s Auction house, for $69.3 million.

How to Invest In NFTs

Although the digital drawing of a kitten seems like an impossible thing to achieve for profit, that was an NFTs trade. And it proved that games with NFTs are a surprising but legit investment.

Many NFT marketplaces offer you the option to buy an NFT, sell or even create them. You can use online marketplaces such as OpenSea or Rarible for buying NFTs and digital art. You can think of NFTs as stocks to buy that may increase in value in the future and generate income when you sell them. 

Gamers and card collectors should look at blockchain games that offer top NFTs to invest in, such as FootballCoin. Buying and selling NFTs can be easily done on the in-game NFT market. 

Why FootballCoin NFTs Are the Best Choice

What Is FootballCoin?

FootballCoin is a fantasy football blockchain game. 

The entire ecosystem is based on the game’s own cryptocurrency, XFC, which can be earned while playing the game for free. If you’re looking for the best cheap crypto to invest in, learn more about the economics of the game and how to get XFC, as the game continues to improve year after year. Regular players earn a monthly income from the game.

But what makes the game stand out is its unique approach to fantasy football, by providing NFTs which can be used in the game, or kept in your wallet as a long term investment. These are the best assets to invest in, in a card collectable blockchain game.

In FootballCoin, a non-fungible token or an NFT comes in the form of collectable cards with football players and stadium cards. All of these are registered on the blockchain and come in limited supply. 

As a fantasy football game, players can use the NFT football cards to join competitions in the game. As a player, you can also create your own competition, if you have a stadium NFT card to play on. 

Note that not all football player cards are NFTs. Less known football players still have a card, but they are free and don’t come in limited supply. Those free cards can be used by anyone to create a fantasy football team in FootballCoin. That’s why the game is free to play. 

More famous players such as Christiano Ronaldo or Lionel Messi have an NFT card. Because of that, if you own their card, you can only use it once at a particular moment in time. If you decide to use your NFT in the game, then you can only use Ronaldo or Messi once, in a contest. After the contest is over, the NFT card is available for use again. 

NFTs Generate Daily Income

Fantasy football fans will love the concept of the game, but others might find it too complicated to start investing in NFTs. 

Trying to understand the mechanics of FootballCoin can be overwhelming, but investing in NFTs is not. One of the most undervalued aspects of the game is the NFTs market and the perspective of owning FootballCoin NFT cards as a long investment. 

Even as a complete foreigner to the world of fantasy football, with a little bit of research, you can invest in the right NFTs and earn a daily income by either playing the game or leasing the NFTs. We recommend you can follow their social media for regular tips on how to play the game.

Football Player Cards NFTs

The main two NFTs you can own in FootballCoin are football player cards and stadium cards. 

Football player NFTs have clearly marked as 3, 4 or 5-star cards. These all come in limited supply. Here’s a more detailed explanation of the NFTs distribution in FootballCoin. 

How can NFT football player cards be used in FootballCoin?

FootballCoin’s NFTs can be used to:

  • Participate in daily fantasy contests, 
  • Leased to other players to use them in the contents or 
  • Can be sold. 

If you decide to lease your NFTs, you can set your price in the game’s cryptocurrency, XFC. 

If there is demand for your NFT card, someone will probably lease it and pay you the asked amount. After the contest is over, you get the NFT back in your wallet, and you can repeat the process for each one of your NFTs. 

Unlike participating in the daily fantasy contents, leasing is more advantageous and it can bring you a predictable income. That’s why FootballCoin NFTs are the best NFTs to invest in. 

After you understand what NFT card players are in high demand and play more often, it’s easy. It’s more of a market game than it is a football skill game. That’s where your real-world knowledge about European football will help you devise investment strategies for buying and selling NFTs. 

Football player NFTs can be bought from other players, using the in-game market, or directly from the game, in packages of 3, 4 or 5 NFTs. 

Given the real-life performance of a given player, the corresponding FootballCoin NFT can experience a significant increase in value over time. 

Stadium Cards NFTs

Stadium cards in FootballCoin are the second type of NFTs available for investment. While these are more pricey than the others, stadium NFTs allow you to organize private contests in the game. 

The owner of the stadium gets a share of the total value of the prize, as follows:

  • 3-Star stadium NFT rewards you with 3% of the total prize
  • 4-Star stadium NFT rewards you with 4% of the total prize
  • 5-Star stadium NFT rewards you with 5% of the total prize

Stadium NFTs also come in limited supply and can be bought and traded. 

Transaction fees

FootballCoin does not have any transaction fees on the platform. 

Trading football players and stadium NFTs can be done easily from the market section of the game. 

Note that all NFTs can be owned indefinitely, without paying any fees in the game. However, FootballCoin NFTs can only be traded in the game, using the market section. 

Trading the game’s cryptocurrency, XFC, on third-party crypto exchanges can be subject to transaction fees. 

Are NFTs the right investment?

NFTs, or non-fungible tokens, are a secure way to ensure ownership over a digital asset. Especially digital art collectors see NFT investments as a good investment. Owning an NFT creates value for the item. Physical art can also be tokenised and this process can help eliminate duplicates, while also determining the clear owner of that piece of art.

Best Way to Earn free Cryptocurrency and Free NFTs

Best Way to Earn free Cryptocurrency and Free NFTs

by | Oct 28, 2021 | Cryptocurrency, NFTs

What is the best way to earn free cryptocurrency and free NFTs? We’ve all heard of airdrops and signup bonuses, as a way to earn cryptocurrency, but none of these methods gives you a significant amount of crypto to actually do something with it. 

After some in-depth research of the current ways to earn free crypto, we can recommend a platform that doesn’t require any initial investment. 

How to earn free cryptocurrency and free NFTs? Continue reading to discover how you, too, can make a monthly income from crypto and start earning. 

Old Strategy to Earn Free Crypto 

Giving away free crypto as a reward for performing an action has been one of the main drivers for adoption at the beginning of the crypto era. 

Some of these methods are still used today, and anyone can use them to get free crypto. What are the old strategies you can still use to earn crypto and bitcoin rewards?

Crypto Giveaways

Just like traditional giveaways, crypto companies will sometimes organise a giveaway for their users to create awareness around their coin. 

Most of these crypto giveaways will have specific rules to follow that may differ from one giveaway to another and in return, participants may earn cryptocurrency. 

An example would be when an exchange when it lists a new coin on its platform. 

That’s when they need more users and publicity to spike up the volume. By organising a giveaway, they ask users to share the news on social media, follow them on their socials, and sign up for a new account. 

The prizes are incredibly enticing for new crypto enthusiasts, but the competition is also high. 

Beware of the many giveaway scams on social media. Most of these scams require participants to send a specific amount of crypto to a given address. Don’t do it. You’ll lose your crypto. 

Crypto Coins Airdrops

Usually, new cryptocurrency projects perform airdrops. 

They give their cryptocurrency to new users in exchange for a small task, such as a share on social media. 

Airdrops allow people to obtain free crypto and to become investors while the company gets free publicity and creates awareness around its product. Airdrops may also help users start learning about crypto and their project. 

Signup Bonus

Platforms such as Coinbase and eToro are offering signup bonuses in crypto for new users. 

The bonus is often received after a specific condition has been fulfilled, such as taking a quiz about a new cryptocurrency or deposing a specific amount of cash in your exchange wallet. 

Note that some platforms ask for ID verification, and then they report back to the fiscal entities. 

Crypto Stacking

Stacking is a way to support the security and operations of a blockchain by locking your funds in for some time and receiving rewards for it. Staking is one of the safest ways to generate a passive income from your crypto funds.  It is much safer than crypto trading, although the rewards may be smaller. 

Some platforms allow users to stack crypto directly from their crypto wallets, such as Trust Wallet. Exchanges also offer the option to stake your tokens by keeping the coins in the exchange wallet. PancakeSwap is famous for this practice.

Users who participate in staking contribute to the consensus mechanism of the blockchain by facilitating the Proof of Stake (PoS). 

Unlike the Proof of Work used by Bitcoin’s blockchain, the PoS algorithm randomly chooses one of the staking participants to validate the next block.

Earn Xfc for Free Using Your Football Knowledge

Earning free crypto is awesome, but you need to signup to many different platforms to collect all the small bonuses.  

What all of the ways mentioned above to get free cryptocurrency have in common is that you only get the bonus once, and after that, you need to trade or perform other actions that require you to spend money. 

In this case, what’s the best way to get free cryptocurrency for an indefinite time?

We found a platform that rewards users with free cryptocurrency for staying active, and it doesn’t require you to spend any money. 

It’s a fantasy football game on blockchain called FootballCoin. 

Yes, you will need to know a thing or two about football, but you might get lucky anyway. 

The win the game’s cryptocurrency, XFC, you need to create a valuable football squad. 

Unlike real life, fantasy football gets really fun when choosing the lucky combination of 11 players.  

What Is Fantasy Football?

The players from real football games all have collectable football cards in the game. According to their real-life performance, they get a score in the fantasy football game. 

In FootballCoin, more points equal a higher chance of winning XFC prizes in the daily fantasy football contests. 

That’s why you need to be intentional when choosing your team in fantasy football. The better the players play in real life, the better for your fantasy football team. 

Daily Contest in Footballcoin

FootballCoin organises daily contests for the main European football leagues and tournaments. It also features the North American MLS league and the Chinese league CSL. 

Contests in FootballCoin reflect the games played in real life. 

FootballCoin players are called managers. The managers can choose the football players in their fantasy football team based on those playing in real life, in those particular football games.

The contests are free to join and have substantial prices in the game’s cryptocurrency, XFC. 

The game’s mechanics also allow users to create their own contests, for which they can charge a participation fee. These are called private contests and are fun to play within a group of friends passionate about football. 

Play for Free and Win Crypto

One of the best ways to earn bitcoin and free cryptocurrency is by joining a free blockchain game. What sets apart FootballCoin from other blockchain games is the free-to-play feature. 

It’s free to set up an account. And it is free to play. There are free daily contests that anyone can join to win real crypto. 

The free daily contests in FootballCoin are tournaments. There are two kinds of tournaments. The Double Up tournaments reward the first half of the ranking managers. The Top 30% tournaments reward the top 30% of managers. 

After a contest is finished and all, the rankings are calculated according to the scoring system. The players from the contest are rewarded automatically with XFC, depending on their rank in the contest. 

The free cryptocurrency is deposited automatically in your FootballCoin wallet, and you are free to use it however you want. 

You can choose to invest in the game, get more NFT digital assets in the game, or you can simply send it to one of the crypto exchanges that accept XFC and trade it. 

How to Get Free NFTS

By now, most crypto enthusiasts have been talking about and investing in non-fungible tokens and some big names in the industry have talked about acquiring NFT collections. 

It’s important to note that FootballCoin supports non-fungible tokens (NFTs). In fact, its market for football player cards is actually an NFT marketplace. 

NFT marketplaces are where the cards can be traded. In the FootballCoin market, the game’s users are able to freely buy, sell and lease non-fungible tokens and grow their NFT collections. 

Furthermore, the player card tokens can be easily exchanged for another card, for a small fee. In this way, the game guarantees that users will always have cards that can be used in the game. 

Assuming you start right now playing FootballCoin with a new account, you will get free crypto if you join the free daily contests. According to your real football knowledge, you will be able to create better fantasy football teams for free. 

These teams that perform well will allow you to get the game’s crypto, XFC. You can later use that crypto to buy the game’s NFTs. 

In FootballCoin, there are two different kinds of NFTs. 

You can get football player NFT cards, which are usually for more famous players, such as Christiano Ronaldo. Having these cards will eventually help you rank better in the tournaments and earn even more XFC. 

The other kind of NFT is the stadium card. These can be used to create your private contest, and you can earn a passive income from the fees that managers pay to join your contest. 

By definition, NFTs come in limited supply and are often called collectable cards in the game.

While NFTs are a good way to store value and generate more income in FootballCoin, they are not required to play. However, it’s nice to know that you can buy them if you perform well in the free contests without investing your money. 

No Investment Required

FootballCoin doesn’t require any investment to play or to win in the game. 

Unlike the famous mobile games that are pay-to-win, which sell worthless assets, in FootballCoin, you own everything you collect and win. 

The game has many different assets that might help you advance and earn even more crypto, but no investment is required. 

Most players start with nothing, and after a few months, are able to trade or sell their assets for a profit. 

It’s important to point out that regular players get a monthly income from the game without an initial investment.