π‘Understanding Distribution Types
Explains the different distribution types
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Explains the different distribution types
NFTs are distributed in an open-ended sale by creating sell offers for the NFTs at a fixed rate.
Advantages:
Speed: distributions can be processed relatively fast
Bulk Offers: offers of an identical value can be created for an entire collection
Greater Visibility: offers are active and can be easily viewed on most marketplaces
Payment Flexibility: XRP, IC and free
Disadvantages:
Reserve Requirements: increase with each offer (currently 2 XRP per offer)
Open-ended Recipients: There is no control over who can accept your created offers.
NFTs offers are created with defined recipients when specific conditions are fulfilled.
Advantages:
Defined recipients: upon fulfilling a condition, recipients are attached an offer
Payment Options: XRP and IC
Payment Account: ability to monitor an external account for fulfillment conditions
Reserve requirements: offers are created as conditions are met rather than all at once
Disadvantages:
Speed: Offers are created as conditions are met so it can take a while to complete
Operational: The distribution needs to be actively running to create offers
Trust: Users are not directly accepting an offer and therefore must trust the NFT issuer to create an offer for the nft after fulfilling the predetermined condition
Communication: Issuers need to directly communicate the required conditions to their potential recipients or provide a form of gateway (like a minting site) to their users to easily fulfill the conditions.
The on-demand distribution method currently supports payments as its primary condition. However, there are ongoing plans to expand its capabilities by incorporating additional options, including checks, escrows, payment channels and others.
Coming soon!
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