drops logo download PNG or SVG

Information about drops

Drops is an innovative platform that aims to bring decentralized finance (DeFi) capabilities to non-fungible tokens (NFTs). By utilizing the second-layer scaling solution Polygon, Drops offers a means for NFT assets to be utilized effectively. Its main objective is to merge NFTs and DeFi, providing a specialized platform that focuses solely on NFT assets and their practical applications. Through Drops, users can use their NFT assets to secure trustless loans and engage in yield farming, which in turn reduces the opportunity cost associated with long-term storage. The development of Drops is spearheaded by the Node Runners team, and their platform acts as a direct connection between digital art collectors and art creators. To foster fair competition and enhance accessibility, Drops facilitates limited-edition artwork releases through a raffle mechanism. While anyone can view the artworks, participation in the raffle is required to make a purchase. The project was initially announced in February 2021 and successfully concluded its private funding round in May 2021, securing almost $1 million from notable private investors such as Axia8 Ventures, AU21, Bitscale Capital, D64 Ventures, Blocksync, Drops Ventures, Genblock, and X21. Drops has also formed strategic partnerships with Polygon's other partners, including Polkastarter, Quantstamp, 0xb1, Biconomy, Kyros Ventures, PetRock Capital, and Blockstar Technologies Inc.

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