If you are a fan of digital art and blockchain technology, you might have heard of ADA NFT drops. So, what exactly is ADA NFT drops and why does this attract a lot of attention?
What is ADA NFT drops?
ADA NFT drops are events where new collections of NFTs are released on the Cardano blockchain.
To participate in ADA NFT drops, you need to have some ADA, the native cryptocurrency of Cardano. ADA is used to generate, purchase, and trade NFTs on the Cardano network. You can buy ADA from various exchanges or platforms that support it.
ADA NFT drops are a great way to discover and support amazing digital artists and creators who use Cardano as their platform. They also offer an opportunity to own some rare and valuable pieces of digital art that can appreciate over time.
How big is the Cardano Blockchain?
Cardano is developed by a team of experts led by Charles Hoskinson, a co-founder of Ethereum and a visionary in the blockchain space based on rigorous scientific research and peer-reviewed papers, ensuring that its design and implementation are sound and robust.
Cardano is a blockchain platform that aims to provide a more efficient, secure, and scalable environment for smart contracts and decentralized applications.
Unlike other blockchains that use proof-of-work consensus algorithms, which require a lot of computing power and energy, Cardano uses a proof-of-stake consensus algorithm, which relies on the stake or amount of ADA held by the participants.
This makes Cardano more environmentally friendly and capable of handling higher transaction volumes.
The upcoming ADA NFT drops
Here are some of the upcoming ADA NFT drops that you might want to check out:
- Cat Dynasty: Cat Dynasty is a collection of 22 unique digital artworks featuring cats dressed as historical rulers. The artworks are created by an anonymous artist and minted as non-fungible tokens (NFTs) on the Cardano blockchain. The collection will be available for sale on October 31, 2023.
- Alpha X Society: This is an association of doxxed projects that aim to safeguard the CNFT community. CNFT stands for Cardano NFT, which is the standard for NFTs on Cardano. The minting starts on January 1, 2024, and ends on January 8, 2024, or when all the NFTs are sold.
- Finite: Finite by Jordi is a collection of 52 unique digital artworks created by Jordi, a Portuguese artist based in Spain. Each artwork is a representation of Jordi’s personal journey and exploration of different mediums and materials. The minting starts on November 3, 2023.
- Cardano Lands: Cardano Lands is a platform where you can stake your NFTs from other collections and earn rewards. You can also invent new elements and trade them in the Metalab. It is the first NFT DeFi platform on the Cardano blockchain. The platform will launch on January 1, 2024.\
How to get new ADA NFT Drops?
Most of the ADA NFT Drops project will have a start minting day that you should keep an eye for.
Depending on the project, you may have different options to mint or buy ADA NFTs. Here are some common scenarios:
- Mint on launch day:
- Some projects have a fixed date and time for minting, and you have to be ready to mint as soon as they launch. You may need to join their allowlist or whitelist to get access to minting. You will need a Cardano wallet and some ADA to pay for the minting fee and the NFT price.
- You can use platforms like NMKR Studio or C-NFTAgency to mint your NFTs. They will provide you with an address and an amount of ADA to send from your wallet. Once you send the payment, you will receive your NFT within 24 hours or less.
- Buy from secondary market:
- Some projects may sell out quickly or have a high demand that makes minting difficult. In that case, you can buy ADA NFTs from secondary marketplaces like CNFT.io or Tokhun.io. You can browse through different collections and categories, and filter by price, rarity, or popularity.
- You will also need a Cardano wallet and some ADA to buy NFTs from these marketplaces. You can use their escrow service or smart contract to ensure a safe transaction.
- Create your own project:
- If you are an artist or a creator, you can create your own ADA NFT project and sell it to the community. You can use NMKR Studio to create your project and upload your images, metadata, and policy. You can also set your own price and royalty for your NFTs.
- You will need some mint credits to mint your first NFT, which you can buy with ADA from your wallet. You can then list your NFTs on marketplaces like CNFT.io or Tokhun.io and promote them on social media.
How to add ADA to your KEYRING PRO wallet
When delving into the world of cryptocurrency, it is crucial to have a reliable wallet that can ensure the secure protection of your assets. What better choice is there than the KEYRING PRO wallet?
The KEYRING PRO wallet is a trusted and secure solution, enabling you to safeguard your crypto assets, incorporate new blockchains and tokens, and even facilitate direct token purchases.
To actively engage in a variety of NFT projects on the Cardano Blockchain, you’ll need Cardano tokens, commonly referred to as ADA. Here’s a simple and seamless method to add ADA to your KEYRING PRO wallet.
- Download the KEYRING PRO wallet.
- Create a new wallet or import it if you already had one.
- Go to your Portfolio.
- Click on the “Add Token” button at the bottom of the page.
- Select the BNB chain.
- Input the ADA token contract address:
- Click “Next” and confirm to Add token.