Introducing DropZone

Raydium proudly announces the upcoming launch of DropZone — an initiative by Raydium to promote the growth of NFTs on Solana while supporting project teams with the infrastructure needed to launch new collections.

The Launch of DropZone

DropZone will serve as a launchpad for the hottest Solana NFT projects to raise capital, seamlessly distribute NFT collections, and build their community. Raydium’s DropZone will deploy flexible smart contracts and one of the largest networks of RPCs on Solana as a foundation for projects to distribute NFTs to one of the most dedicated communities in crypto.

Participation & Launch Details

The “first-come, first-served” model prevalent in NFT drops today is not perfect. Dedicated community members who supported projects from the start have the cards stacked against them. It is a race determined by sophisticated bots and internet latency.

Raydium’s DropZone will include the following features:

💥 Time-limited Participation: NFT deposits will open at a set date for a short window of time where the community can deposit SOL in exchange for a chance to win the rights to an allocation. The amount of SOL eligible for deposit will be limited per wallet address and determined by the size of the NFT collection.

💥 On-chain Lottery: An on-chain lottery will be carried out immediately after pools close. Once the lottery is complete, users will be able to claim their NFT allocation and remove their SOL for any tickets that did not win.

💥 Transferable “Drop Box” NFTs:

Once a DropZone lottery concludes:

• Users with a winning ticket will be able to claim a special Raydium NFT, or “Drop Box”, to their wallet which represents their allocation.
• This “Drop Box” NFT can then be redeemed on the project’s website to mint one original NFT from the project collection at random.

💥 Anti-Phishing & Anti-Bot: The Drop Box token can be redeemed on the project website using a project-specific minting tool and prevents fake sites from stealing SOL. At the same time, Raydium will deploy bot prevention measures aimed at ensuring a fair launch.

Future Momentum

Raydium’s DropZone aims to help accelerate and simplify the drop process for NFT projects so teams can focus less on the infrastructure of launching and more on building value for their communities. They are also super excited to be able to provide the Raydium community with access to the biggest NFT drops on Solana. The Raydium team recognizes the role NFTs play in the growth of the Solana ecosystem and we can’t wait to get involved!

Stay tuned about the first DropZone launch!