The NFT space have seen rise in adoption rate for the better half of 2021 and the beginning of 2022. Starting from various sports team making NFTs for closer interactions with fans to brands like Reddit introducing NFT as a way for users to own characters or avatars. With numerous projects coming up in the crypto space, NFT or digital art has not laid back; the largest NFT marketplace, OpenSea tweeted about them releasing the next phase of its Drops feature. This next step had them releasing a new suite of tools for the creators who are working to launch their NFT collections in partnership with OpenSea.
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We’re excited to start rolling out the next phase of💧Drops on OpenSea💧a product we’ve been working on for the past few months! https://t.co/rRydH289Vq 🧵 ⬇️
— OpenSea (@opensea) February 2, 2023
There was a series of tweets the followed after the announcement. Along with the news, OpenSea also mentioned that the first version of Drops offered will have an “immersive” experience to select partners that launched their collection on its platform.
After a few more insights, OpenSea said,”Over the past few months, we worked closely with 20 amazing teams to build a best-in-class drops experience that includes features like multi-stage minting phases, allowlist support and rich storytelling elements.”
3/ Over the past few months, we worked closely with 20 amazing teams to build a best-in-class drops experience that includes features like multi-stage minting phases, allowlist support, and rich storytelling elements.
— OpenSea (@opensea) February 2, 2023
Following the release of the tools, there is a next phase of the Drops roll-out lined up. According to that, the Drops roll-out will give creators the tools that they can use to manage their own minting experience. This will also include “deploying smart contracts across all supported EVM chains, configuring drop mechanics, personalizing landing pages” as mentioned in the tweet.
The Drops roll-out feature will eventually open up to select creators in the coming weeks according to OpenSea. Once that is done, the tools will gradually be made available to the public. All interested partners can request early access to the toolkit via the link shared online.
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Another follow up tweet to the announcement from OpenSea mentioned, “Our vision is to expand this product so that ANYONE can easily drop collections across any chain on OpenSea with an immersive, safe storefront, without needing access to robust technical resources or expertise!”
Apart from the introduction of new tools, the marketplace has also been making rounds for their stand on creator’s royalties. Back in November of 2022, OpenSea tweeted explaining its stance to continue supporting creators through mandating royalties.
UPDATE: We will continue to enforce creator fees on all existing collections.
🧵⬇️— OpenSea (@opensea) November 9, 2022
Source: Coindesk
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