WEB3 INVESTOR #NFT COLLECTOR 👀 EXPLORING THE FUTURE OF CRYPTO 🤪
WEB3 INVESTOR #NFT COLLECTOR 👀 EXPLORING THE FUTURE OF CRYPTO 🤪
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The variety of delivery methods in the current NFT ecosystem is dizzying. This article covers 5 popular drop styles and their advantages and disadvantages, which allows us to better understand how NFTs drop styles
⭐️⭐️⭐️ 1、First come first serve (FCFS) mints:open in the public or to specific subsets of NFT community members.
The Pros:
Simple for builders to implement
Simple for minters to use
The Cons:
Low-priced, high-demand FCFS mints can lead to “gas wars” that congest an entire chain, e.g. Ethereum
Prone to failed transactions near the end of mint events
Prone to being overwhelmed by bot minters
Not time-zone agnostic since FCFS mints often mint out rapidly
2、Dutch auctions (DAs):Start with a high price, and regularly reduce the price by a specified amount
The Pros:
Brings transparency to the NFT bidding and price discovery processes
The Cons:
Often favors the most deep-pocketed collectors who can afford to mint at or near the initial auction price
3、Free claims / free mints:There is no need to pay other fees except gas fee
The Pros:
The low cost makes these drops accessible to many users
Projects are incentivized to continue delivering since continued progress will support better royalty revenues over time
The Cons:
The rise of low-fee / zero-fee NFT marketplaces could eat into free mint projects’ revenue prospects going forward
Prone to being overwhelmed by bot minters
4、Nounish auctions:Entails generating and auctioning new NFT every day indefinitely.
The Pros:
This drop/distribution style is a new on-chain primitive that projects can use to build an NFT community over time
The pacing and parameters can be customized in different ways
The Cons:
This drop style is ultimately experimental
High demand can lead to auctions becoming inaccessible price-wise to many
The Nouns Protocol is elegantly designed and pretty complex, so you’d need an expert Solidity developer to fork out and build off it
5、Open editions (OEs):A creator or project releases an NFT with no hard supply cap.
The Pros:
Flexible to creators and collections, as everyone who wants one can get one
Easy to launch with contemporary web3 creator tooling
The variety of delivery methods in the current NFT ecosystem is dizzying. This article covers 5 popular drop styles and their advantages and disadvantages, which allows us to better understand how NFTs drop styles
⭐️⭐️⭐️ 1、First come first serve (FCFS) mints:open in the public or to specific subsets of NFT community members.
The Pros:
Simple for builders to implement
Simple for minters to use
The Cons:
Low-priced, high-demand FCFS mints can lead to “gas wars” that congest an entire chain, e.g. Ethereum
Prone to failed transactions near the end of mint events
Prone to being overwhelmed by bot minters
Not time-zone agnostic since FCFS mints often mint out rapidly
2、Dutch auctions (DAs):Start with a high price, and regularly reduce the price by a specified amount
The Pros:
Brings transparency to the NFT bidding and price discovery processes
The Cons:
Often favors the most deep-pocketed collectors who can afford to mint at or near the initial auction price
3、Free claims / free mints:There is no need to pay other fees except gas fee
The Pros:
The low cost makes these drops accessible to many users
Projects are incentivized to continue delivering since continued progress will support better royalty revenues over time
The Cons:
The rise of low-fee / zero-fee NFT marketplaces could eat into free mint projects’ revenue prospects going forward
Prone to being overwhelmed by bot minters
4、Nounish auctions:Entails generating and auctioning new NFT every day indefinitely.
The Pros:
This drop/distribution style is a new on-chain primitive that projects can use to build an NFT community over time
The pacing and parameters can be customized in different ways
The Cons:
This drop style is ultimately experimental
High demand can lead to auctions becoming inaccessible price-wise to many
The Nouns Protocol is elegantly designed and pretty complex, so you’d need an expert Solidity developer to fork out and build off it
5、Open editions (OEs):A creator or project releases an NFT with no hard supply cap.
The Pros:
Flexible to creators and collections, as everyone who wants one can get one
Easy to launch with contemporary web3 creator tooling
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