Recapitulation of Dropp PROJECT AMA event held at AMA LOVERS CLUB.
Date: Tuesday, 19th April, 2022
Time: 14:00 PM UTC
The Dropp PROJECT team was represented by @Samson_li who judiciously shared with us detailed knowledge and information about Dropp PROJECT.
1st Segment: INTRODUCTION
✨✨QUESTION1🩸: Can you please introduce yourself and your background, also introduce the team working on DROPP?
👉ANS: Hi Everyone, I'm Samson, the BD lead from DROPP, mainly involved in partnership and business collaborations.
While our core team is mainly located in LA,
the dev team is in Euro right now
some of our marketing functions is in Singapore
While I'm in HK right now~
So basically we have different functional teams for different functions, dev-> coding and production development
marketing and BD team is for sure marketing as well and business development
while we have a social team for handling the social media and stuff
DROPP is the first go to metaverse GEO NFT minting platform. Creating the bridge between the traditional world w/ NFT. Dropp incorporates Augmented reality overlays and exclusive nft collaborations to shift online traffic to physically offline locations(O2O) creating crowds of individuals for minting events.
Back in the early days just approximately 9 months ago where the team was young.
We know that we are on a mission to build something we love as well as something everyone would love!
I guess everyone is familiar with AirDrop and everyone just loves them. We wanted a name to communicate that piece of information.
From what we’ve built, we hold that name well and is continue to be loved by the NFT / metaverse community.
✨✨QUESTION2🩸: Can you introduce DROPP, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
👉ANS: Back in the early days, the idea was started from building a bridge between the physical world and the world of crypto and NFT
Number 1 idea is to link NFT with physical world location so that this gives NFT another layer of value
We had made our idea easy to understand with the analogy of Grabbing Pokemon in Pokemon Go now grab NFT from DROPP
Soon, the metaverse started to get a lot of attention.
People began to talk about life in the metaverse just like the 1999 movie “The Matrix” Keanu Reeves, Neo all live a life inside the Matrix.
We started to discuss more and more, and on the contrary, we couldn’t just rely on that idea. -> We are all Mortal Human, we all have family, we love our families and depend on the community, we live in a society that we all interact in.
We quickly realized that the future in front of us that we should embrace is something far more approachable.
Instead of building a metaverse that separates us from the physical world, we should connect the metaverse with the physical world.
Leveraging what we had, we link the metaverse with the physical world and vice versa, we mimic our metaverse with physical locations, places, landmarks, familiar buildings and objects, you will realize we are deeply connected to the day-to-day activities.
You could quickly imagine that we I use the word-> “bridging” it essentially means the vision is having a “way-in” and “way-out” of the metaverse
Other projects like sandbox and decentralland are great successes and sometimes people ask “what’s in the metaverse for me?” and if you think deeply, it is a very difficult question, as that doesn’t address human survival needs nor social values.
While for us, apart from metaverse experience, we gather people to physical spots so that they can actually meet and interact with.
In the upcoming future, we do have AI technology that when you are in a certain spot, your avatar will spawn in the metaverse, and the avatar will mimic your actual body pose and do exactly what you are doing very much like a VR experience without the glass.
For example you have a Starbucks in the metaverse, and when there are customers walking and wandering around the house, the avatar pops up immediately.
✨✨QUESTION3🩸: Can you briefly describe your Partnerships, Backers and Community so far?
👉ANS: Wow actually we do have a very long list of backers and partnership!
let me mention a very small part of that
3 Arrows Capital
Antifund VC (Jake Paul)
Secured cdprojekt red
Old fashion research
Solar eco fund
those are recent ones.
and we have a great number of kols working with us
✨✨QUESTION4🩸: Can you tell us about your earning mechanism? How can we earn in DROPP Ecosystem?
👉ANS: Let me talk more about our metaverse, right now there are more chances to earn in our meta verse!
When we say we are bridging physical world and metaverse, we also mimic certain of the physical world aspect like land ownership
As a landowner if there are DROPP happening in your land, you will be granted income as fees from these events
Also landowner would be granted capacity to stake native tokens to generate revenue as well.
Land owners also have ealy NFT minting specific regions
Also there would be lucky land owners getting free airdrops
In extension of a "play-to-earn" model
we are working on a "work-to-earn" model
When you have request like creating a building, you might want to hire an architect to help you out, in metaverse, the same also applies, you can find builder to help you and you can reward them with tokens
we want to also allow community to make decisions on how other people can earn tokens, of course that has to match our long term vision.
and you can also earn from trading lands
making a flip~
that's also popular!
✨✨QUESTION5🩸: Finally before we proceed to the community live segment
Can you give an overview of the Tokenomics and Utility of $DROPP token/NFT?
👉ANS: oh well. it will be quite long to type everything here
let's have a look from our medium article
and our whitepaper
The $DROPP Token empowers its holders with governance rights to vote on future IP collaborations, transactional fees of the DROPP protocol, and major network decisions.
$DROPP holders will gain access to highly exclusive curated NFT collections from the DROPP Launchpad.
The $DROPP Token will have many use cases for in-platform assets eg. curated NFTs (from the DROPP Launchpad), DROPP LAND, and much more.
The entire tokenomics of $DROPP is designed to create and reward long-term holders and believers of the DROPP platform.
2nd Segment: LIVE Questions
✨✨QUESTION1🩸: Among all different types of PLOT, How can user know that which plot is suitable for them?
👉ANS: Yes there are different plots, we call them as different TIERs From Tier-1 to Tier-5
Tier-1 being the most expensive and premium
white Tier-5 is the most affordabe
Firsly, i believe all users needs to decide base on their willing in devoting time in the land
The more premium the land is, it will be closer to landmarks and popular attractions.
so there will have more chance the earn revenue
so we also expect owners to b be more active and participant more
for Tier-1, it will have more marketing ability, as you can see from the http://app.dropp.gg
you will be able to see the logos
and later on, you will see beautiful buildings in the metaverse!
✨✨QUESTION2🩸: You point out that owning land in particular areas gives you a cut percentage of all future NFT drops in your neighborhood, but will these actually be NFT drops from other properties? or from other NFTs that create and implement DROPP?
👉ANS: yes, you will get a cut, and also sometime get exclusive NFT as well. Other NFT project can join us in the future and implement our token and be rewarded to our users as well!!
✨✨QUESTION3🩸: Will You Please tell me About the DROPP COLLECTION, I Would Like to Know What Is the Primary Purpose of Introducing it in the Dropp Ecosystem ?
👉ANS: Actually we have our DROPP Collection because we are also NFT launch pad. Our earlier objective is to link up the physical world NFT.
metaverse is actually an much bigger extension of the original idea!
and more importantly, if you think from an adoption perspective, more users are coming from the non-crypto world. we need multiple features in order to show the world what we are actually doing and what our long term vision is!
✨✨QUESTION4🩸: As of now, the DROPP Land Map consists of 3 Areas: Santa Monica, Downtown LA, and Beverly Hills. Do you have plans to expand on more available lands across LA? Or will it be limited only to these 3 areas?
👉ANS: Now the 3 area are santa monica, Downtown LA and beverly hills, the next area could be tokyo~ which is related with our next collection to be launched~ but right now I cannot leak too much information about that!
We might even explore the asian areas~ it all depends on our partnership progress!
✨✨QUESTION5🩸: ⭕Dropp says that the NFTs will be minted according with the location of the user, so considering that the world is very huge, that means that the total amount of NFT available is infinity? Also what happen if I connect from a little town from Asia?
👉ANS: Actually, you might be a little bit confused with what we mean.
YES our NFT can be geo-limited or not geo-limited
it could even be locked to area of minting -> that means you must be in some location in order to mint (or purchase) the NFT
total amount of NFT is limited to the total number of in that collection as well
so it actually means that it is rarer than regular NFT.
✨✨QUESTION6🩸: How Can Land Owners Claim DROPP Certified NFTs?
Can You please tell How important will these NFTs be in the Long Term?
👉ANS: Well, certain portion of collection of DROPP NFT will be allocated to Land owners.
So when you connect your wallet to our platform
We can scan the NFT you have, and system will be able to verify if you are a land owner.
So then as verfied owners you will have special benefit!
long term wise, only verified owners will gain access to feature
and we are working with some partners to allow real world redemption=> however this will require some time for the whole idea to implement and work with partners, but do stay tuned!
👉Follow Us On Our Various Social Media Communities For More Update👇👇👇
Official website: https://dropp.gg/
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