Potential airdrop opps in NFTs 🪂
Metaversal is one Bankless newsletter for weekly levels on NFTs, virtual worlds and digital collectibles
Dear Bankless Nation,
The new decentralized NFT marketplace sudoswap recently unveiled its $SUDO token plans.
As we have seen many times before in DeFi and NFTs, the protocol’s builders allocate a portion of the governance tokens through a retroactive airdrop to their early liquidity providers.
If you are interested in getting airdropped more responsibility like this one from notable NFT efforts, an easy starting point is to try NFT projects that haven’t issued governance tokens yet and may conceivably do so in the future.
For today Metaversal, I’ve created a list of projects that seem to meet these basic targeting criteria. Let’s dive in then and put them on your radar!
-WMP
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Of all the projects below, I just think two has announced explicit governance token plans. All the others I’ve listed simply because they don’t have a governance token yet, and because elements of their designs seem to fit well with future community governance.
To be sure, this is not the most precise targeting method! Some of the bets below can never launch governance tokens, at least not as ERC20s. However, in modern crypto, many projects embrace community governance via ERC20s at some point, so it’s not crazy to assume that at least a couple of those listed below will do the same.
All that said, try these projects knowing that you may never get anything other than the satisfaction of supporting cutting edge technology and the benefit of building out your NFT skill tree. If you receive affiliate airdrops in the future, that will be icing on the cake. Now let’s go through the graduate projects, which I have grouped into three categories: marketplaces, group gathering, and NFTfi.
Description: Zora is a universal media registry protocol that makes it easy for people to buy, sell and curate NFTs.
Resources: Website | Twitter | Disagreement
Why Zora: Zora V3 has protocol “Fee Switch” NFTs, aka ZORFs, which is currently owned by Zora DAO. If Zora chooses to open up ZORFs for wider community governance, it can use a governance token to do so.
Potential airdrop strategy: Create and collect NFTs on Zora!
Description: Nifty Gateway is an NFT marketplace.
Resources: Website | Twitter | Disagreement
Why Nifty Gateway: Nifty Gateway has just unveiled its new Publisher’s system, which opens up the platform for community curation. I speculate that the project may eventually embrace a governance system to further decentralize this curation model.
Potential airdrop strategy: Collect NFTs on Nifty Gateway!
Description: Foundation is an NFT marketplace.
Resources: Website | Twitter
Why Foundation: Foundation’s FAQ says the project “does not currently have a token.” For me, the operative word is there currently. This wording suggests that the Foundation may eventually launch its own governance token.
Potential airdrop strategy: Create and collect NFTs on Foundation!
Description: Gem is an NFT marketplace aggregator.
Resources: Website | Twitter | Disagreement
Why Gem: People thought the chances of Gem rolling out its own token were dashed when OpenSea bought the NFT aggregator earlier this year. In the wake of that news, Gem co-founder Vasa said the token plans were still “not excluded,” and we haven’t heard anything else since, so the possibility is apparently in play.
Potential airdrop strategy: Swipe NFTs on Gem!
Description: Formerly known as Quixotic, Quix is the first NFT marketplace on Optimism layer-two (L2) scaling solution.
Resources: Website | Twitter | Disagreement
Why Quix: Quix may eventually look to consolidate its leadership as Optimism’s first-ever NFT marketplace by renewing its community with a governance token.
Potential airdrop strategy: Collect NFTs on Quix!
Description: Created by the same team that built Quix, Stratos is an NFT marketplace distributed on Arbitrum L2.
Resources: Website | Twitter | Disagreement
Why Stratos: Treasure’s Trove is the reigning marketplace on Arbitrum today and Trove has $MAGIC, so Stratos may eventually issue its own token in an attempt to take more market share from its biggest competitor.
Potential airdrop strategy: Collect NFTs on Stratos!
Description: Protecc is an upcoming NFT liquidity protocol.
Resources: Website | Twitter
Why Protecc: Although Protecc is not live on the mainnet yet, it will be soon. And since other liquidity protocols such as NFT20, NFTX and now sudoswap have their own native tokens, there is reason to believe that Protecc will also embrace the same approach.
Potential airdrop strategy: Buy and sell NFTs on Protecc when it launches!
Description: fx(hash) is a generative art platform and NFT marketplace on the Tezos blockchain.
Resources: Website | Twitter | Disagreement
Why fx(hash): fx(hash) plans to launch a DAO and an FXH tokenalthough those plans have been stopped for now. The distribution details have not been revealed yet, so using the platform today could get you an FXH airdrop in the future.
Potential airdrop strategy: Buy and sell NFTs on fx(hash)! Check out my Quick Guide to Tezo’s NFTs if you don’t know where to start.
Description: Formerly known as Fractional, Tessera is a protocol for collectively owning and managing NFTs.
Resources: Website | Twitter | Disagreement
Why Tessera: At the heart of Tessera is the notion of collective ownership. Towards that idea, the project may eventually make the protocol itself collectively owned through a governance token.
Potential airdrop strategy: Buy and sell parts of NFTs on Tessera when the project’s new user interface is launched!
Description: PartyBid is a dapp that makes it easy for groups of people to bid on NFTs together.
Resources: Website | Twitter
Why PartyBid: PartyBid is built by PartyDAO, which is managed via the $PARTY token. If PartyDAO ever decides to expand further, it can do so by expanding $PARTY to the public.
Potential airdrop strategy: Collect parts of NFTs through PartyBid!
Description: Arcade is an NFT loan and lending protocol.
Resources: Website | Twitter | Disagreement
Why Arcade: Arcade currently does not charge protocol fees, but the project’s FAQ notes that the fees do may be charged in the future. If that happens, Arcade can use a governance token to allow the community to determine these fee parameters.
Potential airdrop strategy: Borrow or borrow at Arcade!
Description: Astaria is an upcoming NFT lending and lending protocol.
Resources: Website | Twitter
Why Astaria: “We believe that web3 platforms live off their community,” Astaria’s team said last month. “Be sure to keep an eye out for what we have planned for our community after launch.”
Potential airdrop strategy: Take out an NFT loan on Astaria when it’s live!
Description: Hook is a new NFT-native options protocol.
Resources: Website | Twitter | Disagreement
Why Hook: Hook’s protocol is “potentially upgradable in the future to timelocks or even governance contracts,” according to the project’s documents. That said, don’t be surprised if Hook eventually rolls out a governance token.
Potential airdrop strategy: Buy NFT call options on Hook as liquidity allows!
Description: MetaStreet is a decentralized interest rate protocol for NFTs.
Resources: Website | Twitter | Disagreement
Why MetaStreet: The project’s landing page teases that governance will be needed in the future to determine which new NFTs are creditworthy or not.
Potential airdrop strategy: Deposit into one of MetaStreet’s vaults!
Description: Natrium is an NFT loan and lending protocol.
Resources: Website | Twitter | Disagreement
Why sodium: The project has explicitly said it plans to release the SOD token after launch.
Potential airdrop strategy: Borrow or borrow through the project when it’s live!
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🪂 Consider trying potential NFT airdrop candidate projects such as those listed above
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✨ Read my previous We celebrate the merger with NFTs write if you missed it!
William M. Peaster is a professional writer and creator of Metaversal– a bankless newsletter focused on the rise of NFTs in the crypto-economy. He has also recently contributed content to Bankless, JPG and more!
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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
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