Drops, a groundbreaking project that unlocks additional value for non-fungible tokens (NFTs)
Drops combine NFTs and Defi by creating a platform that offers NFT assets and their use. They built on the second-layer scaling solution of Polygon. Their users use their NFT assets to receive trustless loans and yield farms, thereby reducing the opportunity cost of long-term storage. They bring decentralized finance infrastructure to non-fungible tokens, providing essential utility to unused NFT assets.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
May 5, 2021 | Private Equity(PE) | $1M | 7 | Axia8 Ventures | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Axia8 Ventures | Yes | Private Equity(PE) |
AU21 Capital | — | Private Equity(PE) |
BitScale | — | Private Equity(PE) |
Blocksync Ventures | — | Private Equity(PE) |
D64 Ventures | — | Private Equity(PE) |
Genblock Capital | — | Private Equity(PE) |
X21 Digital | — | Private Equity(PE) |