Michelle Legge
By Michelle LeggeHead of Crypto Tax Education
Updated May 6, 2024
This article has been fact checked and reviewed as per our editorial policy.

Where to Find Upcoming NFT Drops

Discover the latest May 2024 NFT drops without scouring the internet! Our guide rounds up the best NFT drop calendars to help you track the next big release.

NFT Go

NFT Go provides a detailed overview of upcoming NFT drops, offering users a glimpse into the future of NFT releases. The platform categorizes drops by date, making it easier for users to plan their investments or collections. Whether you're looking for the latest in digital art, collectibles, or utility-based NFTs, NFT Go serves as a valuable resource for identifying noteworthy upcoming drops.

Rarity Sniper

Specializing in tracking the rarity and upcoming launches of NFTs, Rarity Sniper's NFT Drops Calendar is an essential tool for anyone looking to stay informed about the NFT market. The calendar format provides a clear and concise view of upcoming drops, allowing users to mark important dates and explore details about each drop.

Crypto.com

Known for its comprehensive cryptocurrency services, Crypto.com also offers insights into upcoming NFT drops. This platform provides users with information about the artists, collections, and platforms associated with each drop, giving a broader perspective on the NFT ecosystem.

NFT Droppers

As a dedicated platform for NFT drops, NFT Droppers offers a curated list of upcoming NFT releases, complete with detailed descriptions, countdown timers, and links to the creators or platforms. This site is particularly useful for users who want to delve deeper into each project before making a decision.

NFT Calendar

This platform stands out as the go-to calendar for NFT launches, providing a comprehensive overview of upcoming drops across various blockchains and categories. NFT Calendar allows users to filter drops by date, category, and blockchain, making it a versatile tool for tracking the diverse world of NFTs.

What is an NFT Drop

An NFT drop is a limited release of digital art or collectibles, available as unique digital items called non-fungible tokens (NFTs). Think of it as the digital equivalent of limited edition merchandise, like rare vinyl records or unique baseball cards, but in a format that's digital and can't be replicated or duplicated.

Just like a new product release in a regular store, an NFT drop is when these digital items are put up for sale or auction. These drops can vary, offering anything from a single, unique piece of digital art to a collection of limited items, or even thousands of automatically created pieces like CryptoPunks or Bored Ape Yacht Club.

NFT drops are typically announced beforehand and get a lot of attention from people interested in digital art and cryptocurrencies. They can take place on different websites, such as OpenSea, Rarible, and Nifty Gateway.

Each NFT drop has a set number of items. Once they're all sold, there won't be any more made. These drops often coincide with special events or require joining a specific group to take part.

Pre-sale and Public Sale

Pre-sale offers whitelisted buyers early minting at a reduced price, ensuring they can mint an NFT barring unforeseen issues like gas price spikes. Limits are often placed on the number mintable per buyer.

The public sale opens minting to all, though popular projects may limit availability. On platforms like Ethereum, public sales can see high transaction fees.

Types of NFT Drops

  • Standard Drops: NFTs are sold on a first-come, first-serve basis, often with a cap per wallet.

  • Open Editions: Unlimited minting within a set timeframe, allowing multiple copies of an NFT.

  • English Auctions: Bidders compete within a timeframe, with the highest bid winning the NFT.

  • Dutch Auctions: Prices decrease over time until all NFTs are sold or the auction ends.

  • Editions: Similar to standard drops but for semi-fungible tokens, often used in games like The Sandbox.

How to participate in an NFT Drop

To join an NFT drop, follow these steps, using OpenSea as an example:

  1. Create a Digital Wallet: First, set up a digital wallet like MetaMask to store your cryptocurrencies and NFTs. MetaMask, compatible with Chrome and Firefox, allows you to manage your assets, interact with decentralized applications (dApps), and sign blockchain transactions. It's easy to set up and can also be used to purchase cryptocurrencies with regular money.

  2. Set Up an OpenSea Account: Connect your MetaMask wallet to OpenSea by setting up a profile, which includes adding a bio and profile photo. Here's how to connect:

    After creating a MetaMask account and noting your seed phrase safely, visit OpenSea and click the wallet icon at the top right.
    Select MetaMask from the list of wallets, enter your password, and click 'Unlock'.
    Choose your MetaMask account and click 'Connect'.

  3. Find a Primary Drop: Look for new NFT drops in the Active & Upcoming section on OpenSea or use sites like Rarity.tools to discover rare drops. Engage with the NFT community on platforms like Twitter and Discord to get insights and updates on upcoming drops. Remember, other marketplaces like Rarible and Nifty Gateway also offer unique NFT drops.

  4. Mint an NFT: When a new NFT collection is released, you can create (mint) a unique token on the blockchain. To mint an NFT, you can pay with a debit/credit card through MoonPay on OpenSea or use ETH. Minting happens when you purchase an NFT for the first time during its initial sale.

When getting involved with NFTs, always research the creator's reputation and the NFT's uniqueness before participating in a drop, especially if it's your first time.

Disclaimer
The information on this website is for general information only. It should not be taken as constituting professional advice from Koinly. Koinly is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the website information relates to your unique circumstances. Koinly is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.