In today’s episode of our Web3 series, we share our reflections after doing free mints. ‘Crypto winter’ is here, and NFT creators are searching for ways to gain recognition, sell work, and save on heavy minting costs. That’s why a growing number of projects, including The Littles and Leveling Up Heroes, have opted to release NFTs via free mints. Tuning in, you’ll hear our personal perspectives on this low-commitment model, why we did it, and what you stand to gain from doing the same!
[00:04] Why free mints are popular right now.
[00:26] Will’s goals for his free mint (and whether or not he met them).
[01:48] The more strategic side of free mints.
[02:15] How active free mint holders are versus paying holders?
[02:55] Some of the pros and cons of releasing a free mint.
[04:25] How free mints can work for you, depending on your goals.“A lot of people do a free mint thinking that it’s going to be a way to make money. If that’s the case, then the entire structure needs to be done in a different way through secondary royalties and whatnot. For us, the free mint was a way for us to showcase our experience.” — @willxlee [0:00:37]
“Free mints are good for generating awareness.” — @ericosiu [0:04:13]
Links Mentioned in Today’s Episode: