Thirdweb Announces NFT Airdrop Rewards for Smart Contract Deployers during Bear Market

04/18/2023 12:06 • Blockchain Buzz • 135 views

On April 18th, the Web3 developer platform Thirdweb announced that it will air drop NFT rewards to developers who have deployed smart contracts during the past 18 months of the bear market.

Thirdweb airdropped NFTs to developers who deployed smart contracts during the bear market

Introduction

Thirdweb, the Web3 developer platform, recently announced that it will be distributing Non-Fungible Token (NFT) rewards to individuals who have deployed smart contracts during the past 18 months of the bear market.

What is Thirdweb?

What are NFTs?

NFTs are unique digital tokens used to represent ownership and authenticity of digital assets, such as artwork, music, or other types of digital content. Unlike fungible tokens such as Bitcoin, each NFT is unique and may have different values. NFTs have been gaining popularity in the art world as they allow artists to sell their digital art in a way that is secure and verifiable.

What is a Bear Market?

A bear market refers to a market condition where the prices of securities fall for an extended period. In the cryptocurrency world, this term is used to describe a market in which prices of cryptocurrencies are declining or experiencing a prolonged period of stagnation.

Thirdweb’s NFT Airdrop Rewards

Thirdweb’s decision to air drop NFT rewards to developers who have deployed smart contracts during the bear market is a move aimed at incentivizing more developers to build decentralized applications during a challenging period. Since the market has been struggling, developers have been struggling to make profits from Crypto development. By offering incentives, Thirdweb hopes to encourage developers to keep building and deploying applications on their platform.

How to Participate in the Airdrop

To participate in the airdrop, interested developers must first deploy smart contracts on the Thirdweb Web3 developer platform. Once the developer has successfully deployed a smart contract, they will be eligible to receive an NFT reward. The more smart contracts deployed by the developer, the more NFT rewards they will receive.

Conclusion

Thirdweb’s decision to air drop NFT rewards to developers during the bear market is a calculated move aimed at encouraging more developers to keep building and deploying decentralized applications. The move serves as an incentive for developers to continue building even in market conditions where profits might not be immediate.

FAQs

1. What is Thirdweb, and what services does it offer?

Thirdweb is a reliable and secure Web3 developer platform that provides developers with the necessary resources and tools to build decentralized applications (dApps) on the blockchain. The platform aims to empower developers and enable them to build scalable and sustainable applications using smart contracts, ensuring data privacy and security.
2. What are NFTs, and why are they important?
NFTs are unique digital tokens used to represent ownership and authenticity of digital assets, such as artwork, music, or other types of digital content. Unlike fungible tokens such as Bitcoin, each NFT is unique and may have different values. NFTs have been gaining popularity in the art world as they allow artists to sell their digital art in a way that is secure and verifiable.
3. How do I participate in the NFT Airdrop offered by Thirdweb?
To participate in the airdrop, interested developers must first deploy smart contracts on the Thirdweb Web3 developer platform. Once the developer has successfully deployed a smart contract, they will be eligible to receive an NFT reward. The more smart contracts deployed by the developer, the more NFT rewards they will receive.

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