As May comes to an end, individuals involved in trading and investment are keeping a close eye on various crypto airdrops that offer opportunities for those who may not have significant capital to start with.
There are indications that the era of easily accessible airdrops might be fading as projects are now focusing more on securing backing from venture capitalists and implementing stricter requirements for participation.
Kadena, a leading crypto airdrop for the final week of May, has raised over $35 million. Notable supporters of the project include Multicoin Capital, CoinFund, Distributed Global, Scalar Capital, and SV Angel.
The Kadena project is centered around a Layer 1 Proof-of-Work (PoW) blockchain that emphasizes scalability. Through a confirmed crypto airdrop, Kadena launched a campaign on Galxe offering a prize pool of 100,000 KDA (approximately $55,000). Participants can complete tasks to be eligible for rewards.
D3, another prominent crypto airdrop, has secured up to $30 million in funding and has support from major investors like Paradigm, Coinbase Ventures, Shima, and Lightshift Capital. Participants can engage with the Doma Protocol to earn tokens in the D3 airdrop.
WAIB Summit is positioned as one of the top crypto airdrops for the final week of May, showcasing itself as a premier Web3 and AI-focused summit in Monaco. Airdrops.io is collaborating with WAIB Summit to offer 10 free tickets through a raffle system that involves completing social media tasks.
With these crypto airdrops in view, it's noted that the trend of easy airdrops is declining, and projects are now leaning towards aligning with venture capitalists and implementing more stringent participation criteria. Participants are encouraged to actively engage in projects rather than passively seeking airdrops for potential rewards.