Web3 Tech Brief By HackerNoon

2023’s NFT Collections Should Use Free Mint — or, at Least, Consider It


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This story was originally published on HackerNoon at: https://hackernoon.com/2023s-nft-collections-should-use-free-mint-or-at-least-consider-it.


The free mint mechanics offers an easy way to build an audience and get the necessary funding in the early stages of an NFT project development.
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In mid-2022, the NFT market volume dropped by more than 90%, so the industry had to adopt fundamentally new mechanics to recover. One of those was ‘free mint’ — and today, in 2023, it’s still topical enough for everyone to consider it when launching NFT collections.

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