What is an NFT drop?

An NFT drop happens when a new NFT collection is released. NFT drops can vary in both how the NFTs are sold (listed for sale or auction), and in who they’re released to (the public, or a specific list called an “allowlist”). Often, NFT drops coincide with when the NFTs in the collection are minted, that is, written to the blockchain.

Is the NFT market dead?

The NFT market is dead compared to 2021 and 2022. "It becomes clear that a significant portion of the NFT market is characterized by speculative and hopeful pricing strategies that are far removed from the actual trading history of these assets," the researchers said.

How do NFT project mints work?

NFT project mints will usually have a “reveal.” This means that when buyers participate in the drop, the NFTs everyone mints will look the same (often they’ll display placeholder artwork until the real artwork is revealed). Later, the NFTs will be “revealed” when the drop owner updates the NFT’s metadata.

What if NFTs were up?

Inflation is down a small amount, but not enough to assure markets that more interest rate hikes aren't coming. If NFTs were up, they'd be practically the only thing that was. The Nasdaq stock index is down 20% in the past month. Compared with this day last month, Apple and Amazon are down 12.5% and 30%, respectively.