DropZone Raises Raydium's Value and Fixes Solana Mints

Raydium changes the Solana NFT game in a fun-and-fair way that is profitable for everyone.

If you've tried to mint on Solana, you know this is a need. While it's amazing not paying gas, it's not amazing actually trying to mint one. The popular ones are over-crowded affairs filled with glitches and errors. This often leaves users empty handed and discouraged.

Mint issues on Solana are understandable. It's part of the growing pains of a new chain, and there's been a bit of demand for the NFTs! We like the NFTs.

There is also the rampant threat of scam-NFT projects on any chain, and that's bad for the entire industry!

This is why the world has problem solvers, and here we have Raydium.

Enter Raydium’s DropZone

Raydium has been hard at work creating a DeFi order book to help build and make accessible the Solana ecosystem. Who cares about that, though. We all want the jpegs!

Raydium is doing the same thing for the Solana NFT ecosystem with DropZone.

This is going to keep the network from getting overloaded, users from being disappointed and give developers access to liquidity while they’re developing.

Following the Serum Way

Raydium’s approach to supporting new NFT projects follows the same path they took to starting themselves. Raydium took advantage of Serum's platform to get going. They offer liquidity and other helpful resources to start-up projects that will build out the Solana world. This way they all grow together.

Raydium is extending those principles to the metaverse.

How Does That Fix Solana Mints?

Here is where it gets fun:

Buyers won’t have to worry about the network clog of the mint.

Early supporters of the community won’t have to worry about missing out on the mint because of bots or late-arriving traders.

It offers investment flexibility ahead of mints.

NFT teams will face more scrutiny up into the mint process.

Hopefully you're wondering how they do these things because I've answered that below.

The Process:

Developing NFT project puts tickets up for sale

Tickets are available for a short period of time prior to launch

Number of tickets will be limited per wallet

An on-chain lottery will follow

Winners of the lottery will receive an NFT called Drop Box

Losers will get a full refund

Drop Boxes will have related art and allow holders the chance to mint

Drop Boxes may be sold or transferred prior to the mint date

Say you buy five lotto tickets. You win with three, but only want two. You can sell or transfer one of the Drop Boxes. Say you have awful luck and come up empty handed. Then you are returned all of your Solana, and remember, you aren't worried about gas fees here.

Meanwhile, during the entire process the team developing the NFT will have to interact with Raydium to access their liquidity and their community to generate interest in the Drop Boxes.

This will demand a level of visibility and competency that will help eliminate scam projects from stealing money.

Great. How Do I Make Money?

The most important takeaway is that buying Raydium is a great opportunity to not stay poor.

It's also a great way to get into NFT mints. I plan on dropping into some Drop Boxes myself. Just like the NFT market now, that will be hit and miss and require it's own research.

Raydium is a much more assured investment.

Remember, NFT's are just the icing on the cake for Raydium. It offers a fully-functioning decentralized exchange to a burgeoning ecosystem. That right there should send you down the research rabbit hole.

It's already well established and doing numbers:

via CoinGecko

Now we have the proposition of Raydium being the portal to the mainstream world and Solana's DeFi power AND a safe and fun gateway to quality NFT projects?

Think about that. You will have DeFi users conveniently exposed to NFT mints and minters exposed to DeFi all in one convenient location for them to pump our Raydium bags, I mean make quality investments.

If DeFi, NFTs and Solana grow like the happy projections suggest, it will be hard to find a coin that outgains Raydium. I mean consider this:

A) Uniswap sucks

B) There is a boatload of fresh fiat headed to DeFi

C) Uniswap doesn't have DropBoxes

If things go right, that 15x pictured above is just a start for Raydium.

Wen Buy?

As always, do your own research first! After that, if you still want to buy some Raydium, check out the data-driven trading tools of Lambda Markets. You can also follow Lambda co-founder Ted Talks Macro and then bug him to post Raydium charts.

Meanwhile, I am going to keep my eye out for Drop Zone mints to look for a good one to jump into. Follow me here or on Twitter to find amazing projects on Drop Zone or other places from the metaverse!