Crypto lovers look forward to Crypto Airdrops from various Crypto projects every month. Cryptocurrency airdrops are the free distribution of cryptocurrency tokens to different wallet addresses. Essentially, their goal is to get publicity and gain followers, resulting in a larger audience. Often, users are required to take extremely simple and straightforward steps to enter a contest. If chosen, users will receive free coins which they can hold or sell for a profit. 

It is important to remember that legitimate crypto airdrops will not ask users to invest. With the greed of "free money" in their wallets, many recipients fall for airdrop-based 'pump and dump schemes. Additionally, the airdropped tokens are relatively new coins for which a market is yet to develop.

Many projects, including ENS, dYdX, Paraswap, Instadapp, OpenDAO, and others, gave out thousands of dollars to their users through airdrops last year. We are all hopeful that this year (2022) will be full of airdrops because no one wants to miss out. Following are the top 5 upcoming airdrops to look forward to this year.

        1. Metamask

Metamask is the first Cryptocurrency wallet to be most popular worldwide. For a long time, rumors have spread that the possibility of MetaMask releasing its token, dubbed MASK, has been widely discussed and was mentioned several times by the MetaMask team.

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        2. OpenSea

Despite being the market leader, the organization does not even have its own token, a scenario that might change tremendously by 2022. Despite the fact that it has grown into a massive organization, OpenSea maintains a sense of gratitude to all of the people who have helped it become what it is today. According to sources, it may distribute tokens to users who purchased or sold NFTs on the platform. X2Y2, OpenSea's newest rival, has given customers accumulative prizes for utilizing its marketplace and staking their tokens. The OpenSea community is anticipating the launch of a platform token in the near future.

        3. ZkSync

It has previously been stated that ZkSync would launch its native coin via ZK roll-ups in the near future. Users who utilize the mainnet and testnet may be eligible for an airdrop in the future. Users, on the other hand, have been waiting for a prospective token release with bated breath. The organization has frequently claimed that it does not yet have a token, advising customers not to hurry and alerting them of potential frauds.

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          4. Bored Ape Yacht Club

The next most anticipated token airdrop comes from the Bored Ape Yacht Club's ape and mutant-themed NFT creators (BAYC). The project officials said in a Twitter tweet that a prospective token is in the works for the first quarter of 2022. The NFT collection has also indicated that it intends to issue a token for the benefit of NFT community members in a responsible manner. A probable airdrop for Bored Ape Yacht Club NFT holders, though, has not been announced. It is still anticipated that free tokens would be distributed first.

        5. StarkNet by StarkWave

Just like ZkSync, Starknet is a scaling solution that is developed with ZK-Rollups. The technology is utilized to expand various current DeFi and NFT protocols including dYdX, DeversiFi, Sorare, and Immutable X, which is provided by StarkWave, the firm behind StarkNet. The StarkWare team has been tight-lipped about whether it intends to create a token, although it has not completely abandoned the concept. StarkNet Alpha has just begun enabling developers to build apps on the network in preparation for a big rollout in 2022. Users may prepare by downloading Argent, one of the first StarkNet compatible browser wallets.

        The Bottomline

Crypto airdrops will continue to rise this year, as NFTs continue to grow at an accelerating rate, attracting investors to NFT-based airdrops. Ethereum layer 2 solutions, NFTs, and cross-chain bridges are likely to get an airdrop in 2022. Along with Solana, Cosmos, and Avalanche, the Ethereum-like ecosystem is expected to issue an airdrop to its members. However, it is still too early to say as of now.

In the first quarter of 2021, DeFi protocols seemed to be the most decent option for token airdrops. As predicted, DeFi projects on Ethereum produced several of the finest airdrops. Apart from the monetary benefits, knowing about emerging technology is a wise investment with one's education. Being an early adopter can pay off handsomely, but one must be mindful that procedures in the early phases of development come with their own set of hazards.

Disclaimer - The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.