5 Crypto Airdrop Opportunities Backed by Major Venture Capitalists

As crypto markets remain broadly bullish, several airdrops provide exciting opportunities to earn tokens without any initial capital.

Airdrop farmers looking for top campaigns with tier-one investor backing have a long list to select from.

Five Airdrops With Tier-1 Backing

Discover the top 5 potential airdrops and learn which venture capitalists are backing them.

Story Protocol

The project forayed into Web3 to tokenize and share Real-World Assets (RWAs) considered intellectual property (IP). This creates a way for owners to generate profit and share revenue.

Although the status of the airdrop remains unconfirmed, Story Protocol has garnered up to $134 million in venture capitalist (VC) funding. Participants in the three-round fundraiser include Andreessen Horowitz, Polychain Capital, Hashed Fund, Mirana Ventures, and Balaji Srinivasan, a former Coinbase executive.

Activities for airdrop participation include completing specified testnet tasks and minting the Iliad launch IP asset on the Story Iliad testnet page. Users who interact with the testnet may receive an airdrop if their token goes live.

Read more: What are Crypto Airdrops?

Praxis Society

Advertising as a network state, Praxis Society is a potential airdrop, with up to $544 million in funds raised. Renowned VCs like Paradigm, Winklevoss Capital, Gem Digital, and Apollo Projects, among others, participated in the fundraiser.

“Praxis Society just closed another second round for a total of $525 million, bringing their total to $544.2 million,” one airdrop farmer confirmed.

The airdrop project currently has a form that interested participants can fill out to apply for the Citizenship role. Quality completion increases the chances of getting Citizenship. Participants who complete the tasks may qualify for potential Praxis Society airdrops and rewards.

Azra Games

Azra Games confirmed its airdrop after raising $67.70 million in funding rounds co-led by Pantera Capital and Andreessen Horowitz. Other major backers include Coinbase and Franklin Templeton Investments. It is a blockchain-based video game developer, with the funding intended to support and drive what Azra is describing as the “4th generation of mobile RPGs”.

There is a list of activities to do in the project for a potential airdrop, including joining the waitlist and the Discord. Participants must also link their wallets and perform quests to get points.

The project is at an early stage of development, which means being active positions participants to become early birds.

Vana Network

Vana is a potential airdrop with up to $25 million in funds raised. Coinbase Ventures, Polychain Capital, and Paradigm co-led the tier-one funding as Vana Network looks to transform the AI and data ownership spaces.

The project launched the Data Hero Bot on Telegram, allowing data pioneers to complete challenges and pre-mine VANA points. These will be converted into VANA tokens post-TGE (token generation event).

Beyond that, other activities that make participants eligible for the airdrop include submitting data to relevant DataDAOs for increased rewards. Referrals earn bonus points, and valuable conversions send participants higher in the leaderboard. Installing a Vana Node on the test network also earns extra rewards.

CCP Games

CCP Games is one of the top airdrops with major VC backing. It has raised $40 million, led by Andreessen Horowitz, and other participants include Hashed Fund, Makers Fund, Nexon, Bitkraft Ventures, and Kingsway Capital.  

The project confirmed its airdrop with the ongoing Phase 4 of the EVE Frontier closed test. According to Airdrop Adventure, which researches airdrops, it could happen by the end of the year or shortly after.

Read more: Best Upcoming Airdrops in 2024

According to the project’s official FAQ, an EVE Token will be minted on Ethereum. It is a utility token that can be exchanged for external value. There is also a LUX Token, which is used for in-game transactions. To participate in the airdrop, users must engage in specific social tasks and invite friends.

Airdrop farmers may consider engaging with these projects to increase their chances of receiving valuable tokens. However, there are always security risks and uncertainties when users interact with new crypto projects. Hence, users should take their decisions with proper risk management.