NFT Tools: The NFT Drop

As the NFT space gains more interest from investors, the tools needed to have an edge in successful trades become more important. One of the keys to being a successful NFT trader is knowing when new NFTs are being created. This aspect of the NFT market has a variety of methods to ascertain this information. Knowing when new NFTs are coming to market is critical to having an advantage when trading  NFTs. This process of bringing a new NFT to market is called an NFT drop.

Regrettably searching out new NFT drops throughout the entire NFT space is not available at the press of a button, at least not just yet.

The trader will need to do a little leg work by visiting a few different services and websites that monitor this information. NFTs are available on more and more platforms as the technology progresses. For example, NFTs are minted on Solano, Ethereum, and Binance, just to name a few.

In order for the trader to get a feel for the research process involved in staying up to date on NFT drops, we’ll guide you to the locations for the information.

As the time draws nearer to the NFT drop date. Many NFT projects will provide their drop information to aggregation sites. Many of the aggregation sites have a page where they list the upcoming drops. This is a highly recommended approach to gathering intel on upcoming NFT drops. For the Solana platform there is an aggregate site titled HowRare.is that provides solid information on upcoming drops and newly minted NFTs at no charge. The site helps you to grasp the value of a particular NFT. This is accomplished by telling you how rare the availability of pieces from a particular collection are. HowRare.is also provides drop info for the Near platform. Solana and Near are the new kids on the block, their focus has been on increasing the speed of NFT contract transactions. Both platforms are surviving the Crypto Winter without scandal. It’s possible to gain some assurance about their longevity and viability, if these platforms continue to remain without hacks or meltdowns. With that being said, if Near & Solana are bringing viable NFTs to the market, activity on those platforms need to be monitored for potential trading opportunities.

We can use another tool to assess the rarity (value) of NFTs and current drop info for the Ethereum blockchain.

Rarity.Tools can give you insight to what’s new and active on the Ethereum platform. The site offers you useful information regarding the rarity of NFT collectables over a 7 day period. They also have a page dedicated to upcoming drops through Ethereum. Ethereum is the most dominant blockchain facilitating NFT contracts and trades. They invented it. Therefore the information is invaluable. Being well informed with activities on Ethereum is absolutely necessary to trade NFTs efficiently.

NFT Calendar also provides  information about upcoming drops on a variety of platforms. You’re able to gather information from other active platforms in the NFT space, such as Polygon and Binance, as well as Ethereum and Solana. When using this particular site you may wish to take notes on the drops you are interested in. The site doesn’t base its data on new additions, it’s based around NFT drop dates. When visiting the site frequently you may have to scroll continually to see what’s new on the calendar, scrolling past data that you have already viewed.

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These are tools to assist you in knowing when new NFTs are coming to market, and for now they are all free. These websites also provide other useful information and links to pertinent information for effective and hopefully successful trades in the NFT space.