NFT Giveaway For Recognition That Works - Kept See Special Advice

One new asset you might have seen exploding onto the market is the NFT or Non-Fungible Token.

In a digital world where likes, shares, and followers reign supreme, it's often hard to feel recognized for our accomplishments. But what if there was a way to be rewarded for our work that didn't involve Likes or retweets? Well, there is! And it's called NFTs.

Giveaways are a great way for your NFT collection to generate more interest, engagement, and followers.  Whether you're trying to expand your audience or increase social media presence, giveaways can help drive traffic to not only your own account but the accounts you interact with frequently.

It is essential to be active on social media. This is a great way to connect with potential customers and keep them updated on your latest products or services. However, simply being active is not enough; you also need to create engaging content that will capture people's attention. One way to do this is by running a giveaway contest. A giveaway contest can help you build excitement around your brand and increase traffic to your social media pages. In this blog post, we have a special advice given by Kept See and we will discuss the basics of giveaway contests and provide tips for running a successful campaign. Let's get started!

I was on Facebook, and I saw someone posting about "how NFT Giveaway works?". Kept See reply grabbed my attention, it was simple and straight forward.

Thank you Kept for sharing.

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What's poppin guys?!! Kept See here!

Below is the advice I shared with a greenhorn NFT creator on a Facebook post. He was having trouble with viability and wanted to know how to get his NFTs off the ground. So this is what I told him!

Kept:

Do a nice giveaway for recognition! It works, I did it! As saturated as this game is, you want to be known as being a driving force in your community. There's a lot of bots also,... so there's no question about your character either...do giveaways! Plus that'll help you, you get royalties from resales so let others sell it for you, this is a deep deep network to bob and weave through. Use Twitter also, because it is very saturated with NFT and crypto content.

Taylor:

I want to do giveaways but my project will

be on ETH. Any idea how expensive it is to do one?

Kept:

Yes, just make multiple copies from one NFT or maybe modify, and do the giveaways thru polygon/matic gas-free. You will make royalties from every resale! This is for a lifetime.

Taylor:

Make multiples? I thought they should be unique. Would having some of the collection on two chains be an issue? I didn't think I could even do that.

Kept:

It wouldn't matter in a giveaway right? Only thing that matters, is you're being real, and giving back... you'll make people feel good by the giveaway, you know... and they'll trust you, then buy from you  

building a relationship because you give back not just take... with a "get what you get, and don't throw a fit".. way of looking at it! Being grateful for the thought.

Taylor:

I like that. Maybe I will mint 25-50 on polygon not as duplicates though. I'm not sure if that would ruin the authenticity or not. I should research this.

Kept See:

make your floor low enough for room for growth, but never forget you receive royalties from every resale for a lifetime!!

Blog by, Kept See Beatz

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Giveaways are a great way for your NFT collection to generate more interest, engagement, and followers.  Whether you're trying to expand your audience or increase social media presence, giveaways can help drive traffic to not only your own account but the accounts you interact with frequently.

What exactly is an NFT?

It’s a digital asset that represents some real-world object like music, art, in-game items, or videos. NFTs are bought and sold online, often with cryptocurrency, and are usually encoded with the same underlying software as many cryptos.

NFTs are usually either one of a kind, or one of a very limited run, so they have unique identifying codes.

Many NFTs, especially nowadays, have been digital works that already exist in some form elsewhere (like securitized versions of digital artwork that’s already out on Instagram).

Why are people willing to spend so much money on something they could screenshot or download elsewhere?

“Because,” say Conti and Schmidt, “an NFT allows the buyer to own the original item.”

Also, since it has built-in authentication to serve as proof of ownership, collectors can amass an online collection. Some collectors even value “digital bragging rights” almost more than the item they’ve purchased.

People are starting to answer the question: how do we assign value to something that doesn’t exist? What is a digital object worth?

“While we were all waiting for virtual worlds to spring up,” says Joe Procopio, entrepreneur and founder of TeachingStartup.com and GetSpiffy.com, “Facebook was selling out of Oculus.

While we were laughing or wincing at the pop culture references in Ready Player One, Minecraft was letting its players build their own blocky starter-kit societies.

And while we were debating the ‘realness’ of Bitcoin as a currency, someone was paying 170,000 real dollars for a CryptoKitty.”

If you’re an entrepreneur, you can’t help but wonder about the method of calculation on that $170,000 digital cat’s valuation.

The value of that CryptoKitty was determined by the expectation that its value would increase over time. That same speculation “drove the great alt-coin rush of 2017, and some painful lessons resulted in a hardening of the rules of value for digital currency.”

Many have found that some of the “must-haves” for almost every type of token come down to scarcity, supply and demand, ability to transact, and tangible proof of ownership.

The digital coin is still only a virtual piece of money, and ownership is still only in the virtual sense. But thanks to the implicit rules in the blockchain (documented by smart contracts), virtual ownership became “real enough.”

What’s the difference between an NFT and cryptocurrency then?

NFT stands for Non-fungible token. A fungible asset, like physical money and cryptocurrencies, can be traded or exchanged one for another.

They’re also equal in value. One dollar is always equal to another dollar and one Bitcoin equals any other Bitcoin.

In fact, cryptocurrency’s fungibility makes it a trusted means of conducting transactions on the blockchain.

How Does an NFT Work?

NFTs exist on a blockchain, which is a distributed public ledger that records transactions. You’re probably most familiar with blockchain as the underlying process that makes cryptocurrencies possible.

Specifically, NFTs are typically held on the Ethereum blockchain, although other blockchains support them as well.

An NFT is created, or “minted” from digital objects that represent both tangible and intangible items, including:

• Art
• GIFs
• Videos and sports highlights
• Collectibles
• Virtual avatars and video game skins
• Designer sneakers
• Music

Read the full article "What You Need To Know About Non-Fungible Tokens (NFTs)" here

An article by Robyn Conti,  John Schmidt for Forbes.com

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