NFT PLATFORM
Drop Shop is our proprietary NFT platform, where fans can purchase NFTs from their favourite brand or creator. The NFTs can be a wide range of digital collectibles including imagery and digital art created in collaboration with well-known artists. The NFTs also have smart contracts that can be triggered based on a real-life event such as a goal being scored.
Auction NFTs can be adapted to be dropped at any time, driving value through a set time of an auction period.
Single NFTs can be set in value similar to Pack Drops but without a reveal process. The drop would showcase the asset, and the number available with the option to purchase then and there.
Packs follow the ‘loot box’ model where fans purchase a blind pack at a set price and open it to find to a set number of NFTs of varying rarity.
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Generate revenue through the sale of drops for fans to purchase at a set price (e.g., $10 per pack x 1,000 packs)
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Marketplace activity generates revenue through perpetual commissions (e.g., 5% per marketplace transaction)
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We are an operator of multiple professional teams and have a deep understanding of the dynamics of the sports and entertainment industry and the consumers that will be interested in this offering
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Drop Shop can be configured to maximize the client’s strategy whether the direction is to do packs, single NFTs, or auctions and users can make purchases in fiat or cryptocurrency
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Most NFT based companies are start-ups that are funded by investors, we are backed by one of the biggest sports companies in the world and launching NFTs for our brands as well
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The platform allows the client to generate royalties in perpetuity
- Drop Shop is built on Polygon which is a framework for building and connecting Ethereum-compatible blockchain networks
- As a Proof-of-Stake (POS) blockchain, this side chain consume 0.00079TWh of electricity yearly with an approximate continuous draw of 0.00009GW which is orders of magnitude below the energy consumption of Proof-of-Work (PoW) blockchains at 35–140 TWh of electricity, with a continuous draw of anywhere between 3–15 GW