NFT Company Dropp GG Launches 'Location-Based Foundry' and 'Mixed Reality Event'

Solana-based augmented reality (AR) and NFT platform Dropp GG is developing "mixed reality" for location-based NFT broadcasts and metaverses.

Established in early 2021, the company has gradually expanded its range of concepts this year, including NFT integration, space competition, AR-based virtual earth, and Metaverse platform that shows the real world.

Dropp recently closed an $8 million funding round, sponsored by leading crypto and NFT firms including Animoca Brands, Alameda Research, DeFiance Capital, and Three Mouth Capital. Funds will be used for IP integration, collaboration, and metaverse/AR technology development.

One of Dropp's key drivers will be the start-up of NFT's regional manufacturing plant, which is expected to be tested later this quarter. The term refers to a unique set of NFTs obtainable from users of a physical distribution device.

Introduction: DROPP location-based NFT

New phase of NFT application

- DROPP (@DROPPgg) 16 January 2022

While the company sees NFT as a new way to collaborate with artists, performers and celebrities to present unique productions to an audience, the absence of the uniqueness of NFTs is designed to add value to the collector.

Dropp has been quiet about the other collaborations it has done so far, but the company told Cointelegraph it will be announcing a few "celebrities, models and artists" for the next month.

The company will also launch a metaverse platform called "Dropp Land" which will launch virtual reality worlds that have been transformed into the real world. Under the project, users can buy virtual terrestrial NFTs and use them to generate income or rent them to others.

AR support for the Metaverse platform is on the way, allowing users to experience "real-time integration" in the real world, including the digital representation of virtual landscapes and other NFTs purchased from Dropp Land.

In an interview with Cointelegraph, Dropp founder Edmond Truong said the company wants 500,000 users to join Dropp Land in the future and will focus on providing a bridge between the metaverse and the real world. . NFT.

Truong said the NFT market works differently than other industries because it can attract more people, from "crypto enthusiasts" to gamers, artists, writers and retailers.

The developers hope to generalize the use of NFT technology as it has become a major application in the industry.

"People will use NFTs for graphics, digital signage, digital news, digital signage and wallets, which will be important in the future."

"The concept of banknotes starts with receipts, so NFTs will soon change all changes that require proof of authenticity. We believe that adopting NFTs is an exemption is not possible," he said. -he adds.

The company's first integrated NFT collection will be unveiled on the Soulshift NFT platform later this month and will feature 10,000 NFTs featuring works by renowned designer Hiroshi Fujiwara and Photo artist/skateboarder Mark Gonzales.