What are the various distribution methods for NFTs?

There are several distribution methods for NFTs (non-fungible tokens), which are unique digital assets representing ownership or authenticity of a specific item or piece of content. One common distribution method is through online marketplaces. These platforms provide a space for creators to mint and sell their NFTs directly to buyers. Another method is through auctions, where NFTs are put up for sale and interested buyers can compete through bidding to secure ownership. Additionally, some NFTs are distributed through a process called "drop events" where creators announce a specific time and date for the release of their NFTs, creating a sense of scarcity and demand. Lastly, NFTs can also be distributed as rewards or incentives within digital communities, where users can engage in certain activities or achieve specific milestones to earn these tokens. With the growing popularity of NFTs, these distribution methods offer various avenues for creators and collectors to interact and participate in the digital assets market.

This mind map was published on 12 September 2023 and has been viewed 97 times.