Drops

About

Drops, a groundbreaking project that unlocks additional value for non-fungible tokens (NFTs)

1 - 10
https://drops.co/

Highlights

Details

Last Funding Type: Private Equity（PE）
Last Funding Money Raised: $1M
Industries: Cryptocurrency,Digital Entertainment,Finance,Financial Services
Founded date: Jan 1, 2021
Number Of Employee: 1 - 10
Operating Status: Active
Legal Name: Drops DAO.
Also Known As: DOP

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.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

1

$1M

Drops has raised a total of $1M in funding over 2 rounds. Their latest funding was raised on May 5, 2021 from a Private Equity（PE） round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
May 5, 2021	Private Equity（PE）	$1M	7	Axia8 Ventures	—	Detail

Investors

Number of Lead Investors

Number of Investors

1

7

Drops is funded by 7 investors. Axia8 Ventures and AU21 Capital are the most recent investors.

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）