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NFA - Non-Fungible Airdrops by lbi-token

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hive-167922 · @lbi-token ·
$17.28
NFA - Non-Fungible Airdrops
![image.png](https://images.hive.blog/DQmWxhp3sXERahNPFZnjWUXJq2QQqpiMhHcJtt8RqrNuAD5/image.png)
[source](https://unsplash.com/photos/LLu-DevNK_4)

![image.png](https://images.hive.blog/DQmXC3teYBgNQL2tKhNtoeaYsXEypGRq4aiTp7wV7xUuMuK/image.png)

# NFA

You probably immediately read that above acronym as *not financial advice* as that's what it's generally used for. There's a new kind of airdrop on the block, though. [Non-Fungible Airdrops](https://cointelegraph.com/news/nonfungible-airdrops-could-nfa-become-the-next-big-acronym-in-the-crypto-space) are the next big use-case for NFTs that has yet to take off. If you've ever read any of my work, you know that I'm a huge fan of NFTs. I even wrote a whole series called "What is an NFT? which can be found in my master index - [Learn Crypto Stuff](https://leofinance.io/@l337m45732/learn-crypto-stuff-or-getting-started-with-cryptocurrency).

A lot of people think NFTs are just silly monkey JPEGs that are traded for hundreds of thousands of dollars for some reason. Some people think they're completely useless. If you happen to be one of those people, I invite you to check out my series linked above and you might learn a thing or 2. I'm no expert. Nor a financial advisor.

I'm just a nerd on the internet that loves technology and cryptocurrency. NFT technology is something is changing the way people see assets and businesses are catching on. Anyway - Non-Fungible Airdrops sounds kinda weird, I know.

![image.png](https://images.hive.blog/DQmW5WyooQXFvK94W9H7mpkpUCMJQ9Ft5DUkcsFZtCRHRNh/image.png)
[source](https://unsplash.com/photos/Ln53VqRu6ao)

When you think about airdrops you generally think of fungible tokens that are dropped into your wallet randomly or tokens you can claim. These are cryptocurrency tokens that act just like any other and can be traded. Sow what would make an airdrop non-fungible? Well it's pretty simple actually.

Airdrops have become a staple in cryptocurrency. If you wanna market your project to a ton of people and start generating a market... Do an airdrop. It gets your project's tokens in the hands of hundreds, thousands, or even more people's wallets to interact with. Here on Hive there have been tons of airdrops of tokens just for holding HIVE.

There's obviously downsides to giving away tons of tokens, especially if you care about the value of those tokens. People are greedy, and money hungry. Most airdrops get dumped on the market immediately. This causes the price of these tokens to drop drastically very quickly. Look at POLYCUB. They were trading at over $6 and dropped to as low as 12 cents in a matter of days.

![image.png](https://images.hive.blog/DQmNbx6HUv6Zx5bvdpNdqaDdMcBi3ew7g8u53JWsndJPfns/image.png)
[source](https://unsplash.com/photos/GdTLaWamFHw)

NFT technology can help the way airdrops are conducted and potentially solve some problems for projects specifically doing IDO's. Initial DEX Offerings are a way that projects are able to sell their tokens before launch through a decentralized exchange or platform. Often times, the tokens are sold at a discount based on what they estimate the value of the token will be at launch.

The advantage with doing a Non-Fungible Airdrop would be... Instead of investing in the project and waiting to eventually claim your tokens... You immediately receive an NFT that serves as a sort of IOU. That NFT can immediately be traded on the market, or held to claim the airdrop of tokens based on your investment.

This NFT could not only entitle the owner to a claim of tokens in the future, but many other perks. Think of it like an early access pass, plus you're getting an asset that has almost guaranteed value. It really adds another layer of speculation for the NFTs.

The project could the airdrop more exclusive perks to the NFT owners or offer then special access within the project. There's tons of things that these could be used for, these are just some examples of what can be down with NFA NFTs. 

You can think of this as having your cake and eating it too. Not only are you getting tokens in the future but you have an NFT that has built in value to do whatever with.

What do you think of this?


![image.png](https://images.hive.blog/DQmRWMVh6obKxmSvbPDcYHKvboTMrDiBSj1LKk1howVeCMk/image.png)

**Post written by**: @l337m45732 AKA NiftyPhill

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@lbi-token/nfa-non-fungible-airdrops)
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vote details (257)
@cwow2 · 
@l337m45732 Bro! Take a look kat Soul-Tokens and write about them ^^ :D
👍  
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vote details (1)
@l337m45732 ·
$0.09
RE: RE: NFA - Non-Fungible Airdrops
You mean [Soul Bound Tokens](https://leofinance.io/@l337m45732/understanding-ethereum-s-soulbound-tokens-sbts-or-the-future-of-nfts) ? Already did haha 

Posted using [LeoFinance Mobile](https://leofinance.io)
👍  
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@cwow2 · 
Wtf, you are fast haha.

First, I missed that post xD
Secondly, I just heard about it yesterday xD
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@der-prophet ·
$0.15
I am not a big fan of NFTs. 

I see great potential in the gaming sector and in business. 

But in music or art, I don't have the imagination to see where the greater benefit is.
👍  
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vote details (1)
@ammonite · (edited)
$0.02
The value I see in NFTs for the arts is that the original creator always holds a share of its market value and will get a kickback every time it is sold.
There are many NFTs projects that will fail financially but for artists it could create a long term money stream which they have not been able to access the through the tradition system.
👍  ,
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vote details (2)
@typebox · 
Airdrops have become the bread and butter of the crypto world for a good reason. They are an essential marketing tool for emerging projects that want to create buzz around their ecosystems.

NFA happens to be a bold  experiment, and one that could unlock new levels of loyalty in crypto projects taking off for the first time. Also, for those who earn airdrops, it offers so much more than tokens.
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