AKTIO coin

What Is an NFT Drop - All You Need to Know


NFTs have become the hottest topic in crypto. It is no longer a secret as everyone is jumping at the opportunity to create their own NFTs and drop them off to the public for people to buy them.


AN NFT drop is something you see every single day, so it is essential to understand all aspects surrounding drops.


What is an NFT Drop


Simply put, an NFT drop refers to a digital event where there is a release of an NFT collection to the public. The main reason for the release is mainly for sale and promotion. The blockchain project fixes the drop event’s scheduling at a date and time.

Many NFT drops come with purchase limits, applying to the number of NFTs you can mint in one transaction. Purchasing at drop time is a great way to save money as well.

NFT drops seem like they are not ending anytime soon with their abundance. This is because brands and businesses are taking advantage of this tech.

In simpler words, NFT drops are similar to the limited-edition collectibles released by popular brands and celebrities. Interested collectors and investors then pay for them.


Types of NFT Drops


Not every NFT drop is the same. Drops vary as per the project’s design and marketing tactics. Some projects ask you to mint the NFTs on a specific date and time. On the other hand, others require you to follow a set of instructions before enabling you to purchase the collectibles. Some even have a waitlist for their users for those who want to acquire the NFTs.

There are some drops, as we see


Standard Drops: 


They are by far the most common type of token drops, which allows the minting of NFT collection by buyers on a priority basis. With the first-come, first-serve rule, users can buy the collectibles until the last bit of their limited-edition NFTs are sold out.

With the help of smart contracts, projects can also limit how many NFTs a single wallet can hold to still allow wide distribution and participation.


English Auctions :


At English auctions, selling assets takes place through bids, starting from a lower value to a higher value. The one who makes the highest bid wins the asset. In NFTs, platforms and marketplaces take the auctioning responsibility for artists who are on the side of selling limited 1/1 NFTs.


Open Editions:


In an open edition sale, buyers can mint the NFT collection for a set period before the window closes. The NFT collection features the total number of digital assets minted in the time frame. This drop type seeks to create a particular urgency and hype, tempting more users to participate in the project.


Where to Find NFT Drops


Finding promising NFT drops is tricky as more projects are searching for a chance to cash in on the hype. However, it is good to note that not every NFT will bring some profit into your pockets. Some may end up draining them too.

There are various ways to find credible NFT drops, but be ready to DYOR for you to get a chance with authentic NFTs.

The best places to find NFT drops include;


  • Social Media (Twitter, Instagram, LinkedIn, YouTube, Clubhouse, Facebook)
  • Instant messaging (Discord, Social media)Word of Mouth;Metaverse;Marketplaces; Podcasts

Rules to Follow when Finding an NFT Drop


Finding the next best non-fungible token project can be extremely exciting. However, there are some things you should avoid when going all-in on an NFT drop:

  • Avoid buying NFTs that you do not enjoy.
  • Avoid buying a drop before doing your research.
  • Avoid becoming a victim of a scam.
  • Avoid drops that are not within your budget.
  • Avoid purchasing drops just because they are affordable.

There can be some very tempting urges to dive into a new drop. This comes with the fear of missing out, making you mint your entire paycheck away. That is not the way. DYOR on the projects when acquiring your digital asset on drop day.

How to Buy an NFT


To make the most out of an NFT drop, some things are necessary for any buyer:


  • Have a crypto wallet like Metamask or Coinbase to purchase and hold the tokens.
  • Purchase cryptocurrencies like Ethereum, USDT, Bitcoin, or other tokens accepted by the NFT project.
  • It is requisite for some buyers to have a profile on NFT marketplaces like OpenSea and NiftyGateway, as many artists host their collections on popular platforms.
  • Find and register for the NFT drop you are interested in Make sure to buy an NFT you like.

Avoid Scams and Rug Pulls


NFTs have been nothing short of a digital miracle. However, not every token is an opportunity of a lifetime. One should look for a few things in an NFT collection, including utility, rarity ranking, artist’s credibility, etc.

Scammers find their way into the industry through rug pulls to take advantage of unsuspecting buyers by having some fake hype around fake projects.

Try researching the developers and artists behind the collection before jumping on the hype.



Source : undefined - November 03, 2022

Join our 60k+
tribe of Akters

Have any questions?

Check our Q&A

About the AKTIO coin

Benefit fully from our ecosystem

What’s new in the App?

We’re adding new features

Customer support

+353 1 574 7382

Opening hours:

Monday to Friday: 9am - 5pm CET



AKTIO coin





AKT Academy




System Status

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata ICO Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata Pay Ltd, Reg number 12208424 and incorporated in the United Kingdom is the registered agent of Modulr FS Limited, a company registered in England with company number 09897919, authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573). Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.

Automata Pay Europe Limited, Reg number 69028 and incorporated in Ireland is the registered agent of Modulr FS Europe Limited, a company registered in Ireland with company number 638002, authorised and regulated by the Central Bank of Ireland as an Electronic Money Institution (Institution Code C191242). Traditional currency is safeguarded as e-money in accordance with our regulatory obligations. Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.

Automata ICO Limited, Reg number 690280 and incorporated in Ireland has applied for a Virtual Asset Service Provider registration with the Central Bank of Ireland. Whilst the application is ongoing we are permitted to continue business as a Virtual Asset Service Provider in line with the Central Bank of Ireland's regulatory disclosure statement as required under section 106L of the CJA 2010 in relation to registered VASPS. It is important to note that a registration as a VASP is a registration for Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) purposes only. While Automata ICO Limited does have certain financial crime control obligations under this registration, cryptoasset services remain largely unregulated. The Financial Ombudsman Service or the Financial Services Compensation Scheme do not apply to the cryptoasset activities carried on by Automata ICO Limited.