Dropp GG is rolling out NFTs created via geo-minting that will enable collectors present at specific physical events like concerts to snap up exclusive NFTs.
The firm touts the NFTs as a new way for partnered artists, celebrities and influencers to drop exclusive collectibles for their audiences, while the scarcity of the unique geo-specific NFTs is intended to add value on the collectors' end.
The company will also launch a metaverse platform dubbed “Dropp Land,” that will feature a virtual reality world that is mapped to the real world. As part of the project, users will be able to buy virtual land plot NFTs, earn yield rewards with them or rent them out to other people. In an interview with Cointelegraph, Dropp founder Edmond Truong stated that the firm is aiming to onboard 500,000 users to Dropp Land in the future, and will focus on providing a bridge between the Metaverse and the physical world by allowing users to interact with their NFTs in both spheres.Truong said the NFT market acts very differently from any other industry due to the sector’s ability to attract anything from “crypto aficionados,” to gamers, artists, collectors and retail traders.
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