Dropp is a platform for buying and collecting digital collectibles focusing on pop culture items like Funko Digital Pop!. It allows users to purchase digital packs, open them to reveal collectibles, and manage their digital collections. Importantly and of interest to us, some  digital collectibles can be redeemed for physical Funko Pop! figures.


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Why We Use Droppp Marketplace Sales as Price Points


Droppp Marketplace Sales allow us to capture the first sales of these digital collectibles in their NFT form. Once the initial pack drop is over, the Droppp marketplace becomes the secondary market for collectors to obtain the NFTs needed to get a Redeemable Digital Funko or a Royalty Redeemable. The Droppp marketplace is key to early price captures for these future collectibles until they reach the end of the redemption period.


Do Droppp Marketplace sales accurately reflect an item’s value?


Yes. Once the drop’s initial sale of packs is complete, users turn to the Droppp Marketplace to finish their collection with missing NFTs. This is also where they can pick up the redeemable NFTs like Mythic, Grail, Legendary, and Ultra to redeem in the future for physical Funko Pops. These sales conducted on the marketplace are all final. They use USDC, which is designed to maintain price equivalence to the US dollar. Droppp Marketplace tracks all sales on their platform, and they are easily accessible without an account. Droppp Marketplace requires buyers and sellers to verify their identity. The Droppp marketplace allows us to properly track the prices of the redeemables before their redemption period ends. From there, we would use sales from other platforms only.


How do you know if the sales are legitimate and aren’t market manipulation?


All sales on the Droppp Marketplace are final. Once an item is sold to the buyer, it instantly transfers to them, and the money is pulled from their wallet. Buyers cannot back out of sales once they are completed. If they no longer want the item, they have to list it for sale themselves. Droppp support will not issue refunds. All sales done on the Droppp Marketplace are logged within the marketplace and are publicly accessible here: Droppp Marketplace - Shop Digital Collectibles


What are the criteria for using a Droppp sale as a Price Point?

Price points are pulled during the two phases of sales on the Droppp Marketplace.


Phase 1 is the sale as NFTs; these are minted digital cards you need to purchase prior to the start of the drop’s redemption period. Once the Redemption period starts, we move to Phase 2 , which is the redemption tokens. At the start of the redemption period, Droppp issues Digital Redeemable Tokens that users can redeem for the physical pop. Once the Redemption period is over, these tokens cannot be redeemed. During Phase 1, we are looking for the sales of NFTs labeled Mythic, Grail, Legendary, & Ultra.  Here is an example:




During Phase 2, we will be looking for Redemption Tokens that can be redeemed for the physical Funko Pops. An example:



Phase 2 will also start the recording of price points for the NFT royalty Funko Pops, as now their pricing can be tracked directly.



This is not different than sales of these tokens on eBay:




How can I verify for myself that a Droppp Price Point meets the Quality Standards?


All price points are verified to match the above requirements for both phases. Sales can be tracked through the marketplace directly. Photos of the sales are included for each price point submitted. The team of Squad members who submit price points are knowledgeable about the Droppp marketplace and how the sales of the Digital NFTs are conducted.