NFT Drops Today: What You Need to Know

If you've been paying attention the past couple of years, you've probably heard the term non-fungible tokens or NFTs. In 2021, the NFT market soared to over $25 billion and according to Collins Dictionary, NFTs was the most searched word of the year.

NFTs are unique digital assets that can be traded, bought, and sold on blockchains like Ethereum, Solana, and Tezos. And so far, 2022 is shaping up to be another record-breaking year for the nascent technology. Once dismissed as overpriced JPEGs, popular NFT collections like CryptoPunks and Bored Ape Yacht Club (BAYC) have proven that digital assets can provide real value to owners. And for some early adopters of NFTs who got in on these blue-chip collections when they dropped, the rewards have been life-changing.

Luckily for the rest of us, there's still time to learn about NFTs and how to get involved in new projects. And there's no better place to start than with understanding NFT drops (NFT Drop Calendar).

What is an NFT Drop calendar?

Being the first on the scene has always been important when it comes to collecting any rare asset, and the case is no different with NFT collectibles. That's why it's critical to understand NFT drops when building a collection of NFTs.

A good way to think about an NFT drop is the way the music industry talks about an album drop. An album drop refers to the date when a brand-new piece of art, a musical album, is hitting the public market. But in the case of an NFT drop, the art-in-question is usually a piece of digital art from a generative NFT collection.

If you know when an NFT or NFT collection drops, then you know the date and time the digital artwork goes on sale. You also know where it will go on sale and the price it will cost in cryptocurrency to mint the NFT.

Most NFT drops limit the number of NFTs that can be minted, and some have whitelists that reward community members with early drop dates and discounted minting prices. However, to get on a whitelist you normally have to join the project's Discord channel and participate in the community in some way.

For collectors and investors, getting in on an NFT drop the moment it occurs or by earning a spot on an NFT project's whitelist can lead to handsome rewards.

Knowing the Types of NFT Drops

There are several different types of NFT drops or NFT Calendar, and understanding them before you begin investing or collecting NFTs is important.

Listed below are some of the most common types of NFT drops:

First come, first serve. Here an artist will mint an NFT collection, and the public sale is open to whoever purchases the NFTs first. Sometimes collections sell out in seconds and other times it takes weeks or they don't sell out at all. Normally, NFT project creators limit the number of NFTs an individual wallet can purchase.
Open edition drops. This type of drop means an NFT creator can mint as many NFTs in a collection as they want within a set time. Once the time is up, the number of minted NFTs is the amount of NFTs that the collection will contain and the rest of the NFTs that were not minted are destroyed.
English auctions. This type of auction usually happens on curated marketplaces such as Foundation and SuperRare. Creators offer 1/1 exclusive NFTs and auction them off in a manner that's similar to traditional art auctions.
Dutch auction. This type of auction uses a declining price format. Before the auction, bidders are informed of a high starting price. When the auction begins, the price is reduced until someone makes a bid. Art Blocks has experimented with Dutch Auctions in NFTs.

Most generative NFT collections like CryptoPunks, Cool Cats, and BAYC, are minted on a first-come, first-serve basis. These OG collections, which are now worth thousands, even hundreds of thousands of dollars per NFT, were originally minted for a few hundred bucks or the price of Ethereum gas fees.

For the early investors in these projects, it wasn't so much about the price, but the timing that was important. The minters were in on a successful NFT drop – something all NFT collectors and investors shoot for.

Rarity Sniper: How to Find an Exclusive NFT Drop

There are several ways to learn about NFT drops, and since new NFT projects are being released every day, there's no shortage to choose from. One good way to check for upcoming NFT drops is to check marketplaces such as OpenSea, MagicEden, SuperRare, and others.

You can also look on social media (especially Twitter), pay attention to NFT news sites, and talk to friends who are interested in NFTs and cryptocurrency to find upcoming projects.

However, the best way to find out about upcoming NFT drops is by using a tool like Rarity Sniper's Upcoming NFT Drops Calendar. This calendar regularly lists nearly 500 NFT drops of NFT collections on Ethereum (Eth), Solana, Polygon, Tezos, Binance, and other blockchains.

Clicking on an NFT collection in the Upcoming Drops Calendar section will link you to the collection page where you can explore the important fundamentals of the NFT collection, such as the artwork, community, utility, and rarity chart.

You can also check out the project's roadmap and research who the developers and artists are behind the project. Finally, the collections can be filtered by sales date, sales price, supply, and blockchain.

For beginner collectors, checking out the Upcoming NFT Drops Calendar on Rarity Sniper is a great place to get started.

Caveat: Although Rarity Sniper is an excellent resource for finding upcoming NFT drops, some upcoming collections may not be fully verified. That means it's crucial to do your own research before investing in an NFT drop.

Avoiding Scams in the NFT World

Not all NFT collections are created equal, and sadly there are still a lot of scams, hacks, and fraud in the NFT space.

Make sure you investigate every NFT project yourself before you buy an NFT, and never give away your NFT wallet or account details from links sent to you in DMs or emails from suspicious addresses.

Also, beware of NFT projects that are promising rewards that sound too good to be true. In most cases, if the project seems suspicious in any way, then there's a good chance it's not worth investing in.

Lastly, rug pulls refer to when a creative team takes their sales from a drop and pulls the rug out from under the project, leaving their investors with value-less NFTs. Unfortunately, rug pulls are still far too common in the NFT space.

Because NFT technology is still evolving, not all the security details have been worked out. That's why it's so important to do ample research into the NFT project's team and roadmap before you invest your hard-earned money, and as with any investment, take your time and only invest money you are willing to lose.

What to Look for in an NFT Drop

Avoiding scams and rug pulls is important, but you also need to know what to look for to find a potentially successful NFT drop.

Listed below are a few tips from Rarity Sniper about what to look for in a successful NFT drop:

The roadmap. This is basically the plan the NFT project has for the future. Are the plans interesting, original, and well-thought-out? Do they seem realistic or like they could bring value to NFT holders?
Community. Check the project's Twitter and Discord channels to get a sense of whether the community is active. Ask the project developers a question to see how they respond. Be aware that some projects pay for followers, so their Twitter and Discord numbers don't always accurately reveal community participation.
Website. Any potentially successful NFT project should have a professional website.
The team. Look into the team behind the project to see if they have the experience and skillsets necessary to pull off the project.
Utility. Some NFTs can be used in play-to-earn games and others open doors to exclusive real-life memberships. Does the NFT project you're interested in have any real-world utility?
Artwork. Finally, if you're going to invest in an NFT project, you should love the artwork and be proud to hold onto it for a while.
Endorsements. If a project is endorsed by a major brand or celebrity it could have more of a chance of being popular.

If an NFT project contains all or most of these components, then you can be confident that it has a chance to be successful. However, there's no guarantee when it comes to buying an NFT at a drop that the digital asset will rise in value, so use your best judgment when you buy NFTs.

Steps for a Successful NFT Drop

For creators, knowing how to create a successful NFT drop is critical. NFT drops should generate excitement and enthusiasm for fans in the same way that a successful album drop does. Unfortunately, for every successful NFT drop, there are dozens that fall flat.

Furthermore, as NFTs become more mainstream, competition is increasing and projects that aren't carefully planned and properly funded are likely to fail.

Below are some tips for creators to keep in mind when creating a successful NFT drop:

Tell a compelling story for your exclusive collection
Build a strong team
Create a solid smart contract
Decide on a blockchain and NFT marketplace
Build community through different channels
Understand your audience
Distribute your NFT drop fairly
Make sure your website can handle the traffic that a successful drop will bring
Create a strong roadmap that shows potential customers the utility your NFTs will bring to owners
Create an incentive for people to want your NFT

Also, make sure to consider and anticipate all the problems that could potentially occur and work them out before it's time for your NFT drop. Website crashes, technical difficulties, and being exploited by bots, are just a few things that creators should be prepared for when dropping their NFT projects.

Upcoming NFT Projects

Whether you want to purchase, invest, flip, or create your own NFT Art projects, research and preparation are the keys to success. Fortunately, Rarity Sniper's Upcoming NFT Drops Calendar which also features daily NFT news and educational articles is a great tool to get started in your search and find exciting upcoming NFT drops.

While it's possible to make mistakes, especially as a beginner, the more you research NFTs, the more you'll understand how to identify potentially successful drops and avoid frauds and scams.

And though sometimes FOMO fear of missing out can make it seem like you need to get involved with NFTs immediately, the truth is it's better to be patient and take your time to learn as much as you can about an NFT drop before you invest.

Glossary of NFT Drops terms

NFT Secondary Market:

There are two main ways to purchase NFT. The primary market is similar to the stock market, where you can buy and sell stocks. The secondary market consists of multiple marketplaces, typically dedicated to one blockchain. The price of NFTs can be found in both the primary and secondary markets. The primary sale price is a good predictor of its future value. The secondary sale price has a lower correlation. It is important to consider the price fluctuations in each of the two markets when comparing prices.

The primary and secondary market volume of NFT has been dominated by Art since mid-July 2020. Games and collectible assets have contributed 12% of the total transactions. The main NFTs exchanged on the market are in the Collectible and Games categories. While Art dominated the transaction volume in the past year, the share of its transactions has slipped in recent months. In general, NFTs are worth more on the secondary market if they are valuable and can be sold.

NFT Floor Price:

The NFT Floor Price refers to the lowest price among all NFTs within a category. It does not mean that you should buy the cheapest one in the entire project. The lowest price does not always mean that it's the best buy. Rather, you should aim for the cheapest NFT in the category to get the most value for your money. Some NFTs are rare, which means they are extremely expensive, and you should seek out these for your projects only when they have a floor price.

An NFT's floor price is an important indicator for investors. Cheaper NFTs are less expensive, which makes them more approachable for new people joining the project. The cheaper price ranges fit better into the budget of a larger number of potential buyers and thus benefit from increased visibility. Moreover, cheaper NFTs tend to have higher demand, as they are more affordable. However, investors should consider that their investment should be judged based on market prices and not solely on listing prices.

NFT Pre-sale Price:

Pre-sale price is for the whitelist member of the network and guarantees to the whitelist members the ability to mint their own NFTs before the general public sale, Pre-sale price can represent an amazing reward for those digital-tokens that are the Art NFT.

NFT Drops Calendar

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Upcoming Collections may not be fully verified. Always do your own research.

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