Dropp GG, a San Francisco, CA-based social NFT minting platform, raised $8m in funding.
Backers included Animoca Brands, Three Arrows Capital, DeFiance Capital, Alameda Research, Spartan Capital, Genblock Capital, Anti Fund VC, and angels Kevin Lin, co-founder and former chief operating officer of Twitch, and Daniel Dinh, founder of elite cryptocurrency gaming platform TSM.
The company intends to use the funds to develop its novel conceptual framework for mixed reality events that blend real-world activities with its proprietary metaverse environment.
Dropp GG is a social NFT minting platform that aims to bring the metaverse into the real world. It currently offers exclusive, geo-based NFT releases. The project is developing Dropp Land, a metaverse where NFT tokens for virtual land plots have counterparts in the physical world. This will be integrated with Dropp 3D, an augmented reality feature that bridges virtual and physical experiences. At the moment, Dropp runs on the Solana network but plans to extend its functionality to function on multiple chains.
It is behind the NFT collaboration between Hiroshi Fujiwara, the “godfather of streetwear” and musician, and Mark Gonzales, one of the pioneers of modern skateboard culture. The pair created 10,000 unique NFT art pieces featuring unique “Shmoos,” each of which is a variation of Gonzales’ personal logo with accents of the thunderbolt logo of Fragment Design, a fashion label founded by Fujiwara. The series, titled “Non Fragment Token,” was released on Jan. 26, 2022, through NFT launchpad SoulShift.
FinSMEs
27/01/2022