On the 1st day of Christmas, our true love gave to us: Dropspace!
Join us in welcoming the newest project to Aleph Zero’s Ecosystem Funding Program - Dropspace. On the 14th of December, Dropspace announced its entry into the Aleph Zero ecosystem via the $50 million funding program, meaning the platform is now supported on the Aleph Zero Network. Let’s go on an adventure into Dropspace, exploring its features and relevance to the Aleph Zero ecosystem.
What is Dropspace?
Dropspace is a no-code NFT platform for minting, launching, and selling NFTs founded in 2021. An all-in-one hub for artists & creators to seamlessly launch and manage their NFT collections, removing the need for them to have coding experience or hire someone experienced with coding. Think the "no-code" is the sweetest part? Wait until you find out that as a creator, there’s no cost for dropping your collections on the platform, just a gas fee for minting is required.
Dropspace is more than just an NFT launchpad, it’s a toolkit for creators to launch their collections with scalable smart contracts, collection pages, a backend control panel for users, and mint widgets that can be embedded into websites. Creators can launch their collections on their own websites or the Dropspace site. It is also an open marketplace for collectors to discover live and upcoming mints and trade them.
According to the website, Dropspace has accumulated over $10 million in volume. To ensure that collectors don’t fall prey to rug pulls or hacks, Dropspace claims to vet every project that launches on its platform.
For Creators:
Go to the website and click on “Create Collection.”
Then set up a MetaMask wallet
Fill in the necessary information about the collection.
Upload the NFT (artwork, audio, video, event ticket, virtual real estate, fashion items, etc)
Launch mint page
Dropspace currently supports NFTs built on Ethereum, Base, Polygon, BNB Chain, and now the Aleph Zero blockchain.
Below is a video tutorial on how to launch a collection as a creator.
For Collectors:
Go to the website
Click on “Explore Mints”
Explore all live, upcoming, top, and even past NFT collections along with their minting details on Dropspace.
Dropspace Products
~ Rarityspace: This is a product built by Dropspace. It is a premium platform where collectors can discover the rarity of the NFT collections and projects can market their rare collections.
~ Dropspace Mint Tickets (DMTs): Collectors can also buy Dropspace Mint Tickets (DMTs) which are lifetime passes to every pre-sale that’ll take place on the Dropspace platform. Only 500 DMTs exist as a way to reward their OG community members. This can be purchased on OpenSea.
Benefits of Dropspace Integration with Aleph Zero
Aleph Zero now supports Dropspace to offer a range of benefits for creators and collectors in the Aleph Zero community. Some of these benefits are:
~ Eco-friendly minting: Aleph Zero is committed to its mission of promoting energy efficiency and it extends this to the projects within its ecosystem.
~ Seamless minting: with a straightforward UI, Dropspace ensures that anyone who visits the website and wants to mint or buy an NFT on the Aleph Zero blockchain doesn’t encounter complexity.
~ No platform fees: unlike some NFT marketplaces, Dropspace doesn’t require creators to pay listing fees to showcase their NFT collections on its platform. Only a gas fee for minting is required. This is an amazing opportunity for the Aleph Zero community members who are NFT enthusiasts.
~ Take full ownership: Dropspace is like a storehouse where NFTs are showcased, and creators still get to regain control of their collections as smart contracts belong to them.
Dropspace’s Future Releases for the Aleph Zero Community
In a blog post published yesterday, Dropspace outlined its plans for the future as it integrates with one of the fastest Layer-1 blockchains out there - Aleph Zero. Here are some of its future goals:
ERC-1155 integration: Dropspace will allow users of the Aleph Zero blockchain to mint the ERC-1155 NFT type. This token standard allows creators to mint multiple fungible and non-fungible tokens within a single smart contract. Dropspace is working on an update that will allow Aleph Zero users to mint ERC-1155 kind of NFTs.
Mint Widget: Dropspace is looking to improve its user experience for all Aleph Zero NFT creators. The Mint Widget which they stated will be launching next will enable users to embed the checkout on any website, regardless of how it was made.
Dropspace is eyeing future collaborations with other projects within the Aleph Zero ecosystem, as well as artists.
To help the Aleph Zero community in the vast world of NFT and see the potential in investing in NFTs, Dropspace will release educational resources.
Team Behind Dropspace
Chaitenya Gupta (Cofounder of Dropspace):
Dropspace is co-led by Chaitenya Gupta who also co-founded The DeFi Network. Together with his college roommate, Chaitenya started The DeFi Network in February 2021 when they were in their fourth year of schooling. Months later, they went on to launch Dropspace.
Mihit Wadekar (Cofounder of Dropspace):
Mihit is the cofounder of Dropspace and The DeFi Network.
Conclusion
Dropspace is aiming to reshape the future of NFTs and looking to bring the full potential of NFTs to the limelight beyond their monetary value. With support from Aleph Zero, the team is one step closer to their goals.
Learn more about Dropspace here
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