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.

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 is a primary sale of a NFT?

Primary sales Primary sales happen the first time an NFT is sold. The first sale can be after the creator has minted (written the NFT to the blockchain) their work themselves, or it can be minted by the buyer at the time of purchase. NFT drops are almost always the primary sale of the collection.

What is NFT art value?

NFTs are an art form, so like any art only invest your money in something you like or catches your eye. The NFT project Art Value offered early white-lists to fans and users of NFT marketplace OpenSea, it creates an art 'number' from the NFT bid you submit. It's weird and not for everyone.