NFT Drop 101: Your Complete Guide to Participation

Image Credit: Monash Lens Feb 07, 2024 By: Bhumi Shrivastava

What's an NFT Drop?

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Types of NFT Drops

[{"selector":"#anim-bb052795-fa49-4de9-b9be-675fdc7ee749","keyframes":{"opacity":[0,1]},"delay":300,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-730939f9-f339-4449-adec-1afa7fd6d1ba","keyframes":{"transform":["translate3d(0px, 126.36018%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8907c252-9d2a-4e5b-a9f8-36b7edbc7e55","keyframes":{"opacity":[0,1]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-36b4e0b9-68ed-4501-9fab-ab298394e129","keyframes":{"transform":["translate3d(0px, 238.70368%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ab7fb316-06be-4c73-86a5-48187630b214","keyframes":{"opacity":[0,1]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aa2f5b0a-eaff-44ea-829e-91767961b289","keyframes":{"transform":["translate3d(0px, 533.00628%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4ae0cae4-d72b-48b4-a152-ecdfbb1d6b45","keyframes":{"opacity":[0,1]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ed50cd17-754a-404e-81a1-8f983d103baf","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Find out about different kinds of NFT drops, like special editions or auctions, and what they mean. Image Credit: TransitNet

Buy What You Love

[{"selector":"#anim-15f5d4b4-1840-44ef-911c-29153a95dea2","keyframes":{"opacity":[0,1]},"delay":300,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8758c633-b58f-4f8d-b9d2-eb10c465ea5d","keyframes":{"transform":["translate3d(0px, 125.52335%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1cecaa86-bfdc-42a9-87fa-ae60b9533b03","keyframes":{"opacity":[0,1]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-26ae9e38-f0a9-4e04-9e6c-11fdc9421ca9","keyframes":{"transform":["translate3d(0px, 293.22506%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f7087401-1e2c-4a5e-8fa4-5cc7285ce2c2","keyframes":{"opacity":[0,1]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f8359e57-71ae-4a58-8aa0-6f5d69c3fa12","keyframes":{"transform":["translate3d(0px, 453.59458%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ff9e1bcd-a9fb-4fd1-aa25-7025b20e3ba2","keyframes":{"opacity":[0,1]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-25a87056-d8f6-4c1a-b52f-8669e6af9733","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Think about why it's important to only buy NFTs that you really like and care about. Image Credit: Investopedia

Research Before You Click

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Manage Digital Wallet & Budget

[{"selector":"#anim-3c61bd7e-6d3a-45d6-ba39-4bdc1f9f7778","keyframes":{"opacity":[0,1]},"delay":300,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-06ce625f-8bf1-400a-9385-21453699c8ae","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 125.31270%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":300,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6a932ed5-d408-4c84-87c3-cbb4996ecd10","keyframes":{"opacity":[0,1]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-327a4afd-e755-46a6-a666-2b40f29c097e","keyframes":{"transform":["translate3d(0px, 293.22506%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-053d7198-c2da-46a5-9a56-af66f342f40b","keyframes":{"opacity":[0,1]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6b10dcfb-bf6f-44d6-b86e-63b67e485287","keyframes":{"transform":["translate3d(0px, 297.08557%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-01bc5a49-f3fa-47f4-ac72-a76563e76957","keyframes":{"opacity":[0,1]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6a1b2168-984e-4fbf-887b-d2573de1a98e","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Be careful with your digital money and make sure you're not spending too much on NFTs. Image Credit: Fyle

Quality Over Price

[{"selector":"#anim-d523cbdf-a84e-45ac-a149-ce16e665df4d","keyframes":{"opacity":[0,1]},"delay":300,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b916836d-e941-42b4-a992-cc79588994c5","keyframes":{"transform":["translate3d(0px, 124.07405%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3b61f963-f526-43b7-bfda-425cec33dd99","keyframes":{"opacity":[0,1]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6769b36a-ec2e-45dc-9bbc-2b168d30e933","keyframes":{"transform":["translate3d(0px, 225.37034%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cbf779aa-dc78-4f29-bc7c-55a66b7b5c4f","keyframes":{"opacity":[0,1]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-427bf7ee-5646-4175-8ae4-606151e626a5","keyframes":{"transform":["translate3d(0px, 494.77118%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0f1a5c24-831c-4f1b-b432-8142ea1325af","keyframes":{"opacity":[0,1]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-afc11e80-04bc-4057-8dfc-eee4a11e2c09","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Focus more on how cool something is rather than how much it costs when deciding what NFT to get. Image Credit: OpenSea

Navigating the NFT Ocean

[{"selector":"#anim-5e2e230f-9306-4852-8820-5356c3884cdd","keyframes":{"opacity":[0,1]},"delay":300,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5cd25824-1cdc-4c5f-9c58-0258c00bea12","keyframes":{"transform":["translate3d(0px, 124.07405%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c18defd4-dc68-4774-aed2-1d3aa5936ada","keyframes":{"opacity":[0,1]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4aaa3012-c56c-4a49-8a33-38357695328c","keyframes":{"transform":["translate3d(0px, 225.37034%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8f0727d2-49f2-4424-89d5-489378c96cea","keyframes":{"opacity":[0,1]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7043e87b-972e-4757-a831-671653885955","keyframes":{"transform":["translate3d(0px, 494.77118%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-198093a9-10ef-490d-92b2-1b76f8abb4c1","keyframes":{"opacity":[0,1]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-92a8ced1-5ff5-48ad-8aaa-a558377ed60b","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Figure out how to find out about new NFT releases on social media, in online stores, and in virt ual worlds. Image Credit: Circleboom

Shielding Against Scams

[{"selector":"#anim-71175f6a-88de-4f77-9dae-59c9eca6c94b","keyframes":{"opacity":[0,1]},"delay":300,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c75b1524-92ad-4e6b-891a-479c8b1b5f08","keyframes":{"transform":["translate3d(0px, 124.07405%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a1afda6c-31db-4194-b584-62bebe9a1975","keyframes":{"opacity":[0,1]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3cb31502-4aa2-4279-a274-e372a3c26260","keyframes":{"transform":["translate3d(0px, 293.22506%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b4851cf7-20e0-4e9e-8dde-01c5074798b7","keyframes":{"opacity":[0,1]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-621615f5-c20a-4a0f-b5ed-5be116ecc5ab","keyframes":{"transform":["translate3d(0px, 462.41816%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4a33869f-cb8f-4cd1-9e6d-d0a10bf3f20a","keyframes":{"opacity":[0,1]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a3a1f1f1-f538-4eae-b66f-ca746a23744d","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn how to protect yourself from scams and avoid losing your digital money to fake NFTs. Image Credit: Pinterest

Strategic & Safe NFT Ventures

[{"selector":"#anim-c9519f8d-ca27-4c21-b256-d93f24c70c2a","keyframes":{"opacity":[0,1]},"delay":300,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-20237009-20ad-4188-a7db-7cc814edc07b","keyframes":{"transform":["translate3d(0px, 125.84875%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cc364510-d7d2-4c7c-a30b-8bdcc0c7ffd3","keyframes":{"opacity":[0,1]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3372e9cb-ffa8-4063-a00f-a23f325d2d5e","keyframes":{"transform":["translate3d(0px, 223.70369%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aa5f0238-e16c-4317-a966-0432122fd1bd","keyframes":{"opacity":[0,1]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f63eb145-593c-4450-95cc-3fa520c5c0cc","keyframes":{"transform":["translate3d(0px, 500.65344%, 0)","translate3d(0px, 0px, 0)"]},"delay":400,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-58dc5c4d-c4d8-4d69-9887-3dc4b419582e","keyframes":{"opacity":[0,1]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3b99bca3-6cd6-43f4-9bc9-5f7402df3d07","keyframes":{"transform":["translate3d(0px, 620.20068%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Get tips on how to invest in NFTs smartly and safely, so you can enjoy being part of the NFT world without worrying too much. Image Credit: Socialmedia Marketing See More