Open Edition (OE) NFTs are definitely the talk of the town (Twitter) these days, and for good reason. These drops allow users to mint an NFT an unlimited number of times. From newbies to popular creators (including DAO Nouns), users seem enthusiastic about the concept. As a result, NFT minting platforms like Zora or Manifold also skyrocketed in popularity.
Only one question remains: are these collectibles really valuable?
What are Open Edition (OE) NFT Drops?
“The rarer, the better” – that used to be the motto of the NFT market. From limited edition pieces to exclusive 1:1 collectibles, merchants were (literally) looking for these valuable items. However, things may change in 2023 due to Open Edition (OE) NFTs.
But What are they these kinds of drops anyway, and why is everyone suddenly in them?
For starters, an Open Edition drop is an NFT with unlimited mintage allowed. In other words, you can mint an Open Edition NFT as many times as you want. Now there are two types of OE drops:
- timed – users can mint the NFT for a limited time (set by its creator) before minting closes;
- Infinite – OE NFT delivery is never closed and minting is available anytime and forever.
Can anyone create an NFT OE blob?
From newbies to seasoned NFT creators, anyone can launch an Open Edition NFT installment. platforms like Zora o Manifold have updated their NFT drop system as of Q4 last year, thus welcoming new users to explore the OE NFT features.
For example, Manifold hosted over 12,000 Claim Page drops for a total value of 40 million mints of trading volume. Meanwhile, the NFT Zora protocol (where users can create OE NFT drops) boasts over 16K DAUs (Daily Active Users), one of the top 10 numbers of all dapps and blockchains. Have a look:
These numbers demonstrate the growing interest of the NFT community around OE NFTs.
Are Original Equipment NFTs Really Valuable?
As an NFT creator, Open Edition drops can increase your popularity. The more users accumulate your collectible, the more likely it is to share it with their own communities, which means free publicity for you. On the other hand, Original Equipment NFTs are not that valuable in terms of rarity.
However, collecting OE NFTs as a token of appreciation for an artist or project is well worth the price. In fact, limited open edition NFTs can also become more valuable over time depending on their creator.
For example, DAO Nouns made waves with their debut OE release for “This Is Nouns”. Considering such a large project embraced the trend, it’s definitely worth looking into.
Where can you find open edition NFT drops?
For now, one of the main places to look for OE NFT drops is Twitter. Many artists are announcing their upcoming releases on their social platform including all the details.
Also, you can check out marketplaces like Nifty Gateway or Mint.Fun as both have been hosting Open Edition NFT releases recently. Truth be told, going through all the new mints it does take your time so be patient while you try it.
To conclude, Original Equipment NFTs are definitely a trend worth considering in 2023. These drops can help creators reach more users, while collectors can enrich their NFT collections.
The Open Edition NFT Artwork Is The New Trend: Here’s How To Get One post first appeared on NFT Evening.
