Celebrity NFT drops, VIP experiences and a new token airdrop – Theta Network’s ThetaDrop is one of the most innovative marketplaces in 2022! This green platform offers live auctions, innovative tokenomics and even the dedicated streaming site Theta.tv.
In this guide, we’ll help you learn more about ThetaDrop’s THETA token price, how waitlists work, and why everyone loves the new TDROP token. Let’s open the door to Theta Network’s latest NFT innovation: ThetaDrop!
What is ThetaDrop?
In short, ThetaDrop is the first real-time NFT market built on the Theta blockchain. Although relatively new to the NFT scene, the platform already offers live streaming services for NFT drops and auctions. Surprisingly, ThetaDrop can also broadcast live streams on TV thanks to its connections with cable broadcasters.
The market operates under Theta Network, a blockchain solution focused on media and entertainment. Not only is it greener than Ethereum, but also cheaper! Proof-of-stake technology makes every transaction 100% eco-friendly. When it comes to NFT trading, a single transaction on Theta Network costs a fraction of a penny – and works 100 times faster than Ethereum!
Clearly, this new approach has convinced dozens of iconic brands, artists, and events to launch their collectibles through ThetaDrop. Let’s check them:
What NFTs are on Theta?
In 2021, ThetaDrop debuted with World Poker Tour collectibles; collectors were able to purchase digital WPT packs and attend live auctions. The Mint has been so successful that the two are now considering launching a Web3 Season Pass!
Soon other partners joined the platform. For example, Resorts World Las Vegas released composite NFTs with various rarities. Each collectible came with VIP tickets to the venue’s luxurious facilities, as well as other unique experiences.
Speaking of entertainment, you can also find NFTs from American Idol, The Price Is Right, and FailArmy! Looking for a PFP-style NFT collection instead? The marketplace also hosts such drops, including ThetaPunks.
Other iconic celebrities and brands that have partnered with ThetaDrop are:
- Katy Perry
- Dionne Warwick
- Winston Goodfellow
- Pittsburgh Knights
Overall, the market offers unique initiatives that combine technology and entertainment. The best part? You can also join it!
How to get involved with NFT Theta?
To get started, you need to create an account on ThetaDrop. Then you have several options to get NFTs:
- Participate in NFT auctions;
- Create new NFT drops;
- Buy NFTs from the market.
For example, NFT auctions come with new packs. An auction lasts from several hours to several days, offering the rarest NFTs from a new collection. As usual, the highest bidder wins – but how can you enter?
Once you find a drop you like, sign up to receive notifications. The platform will inform you of the opening of a new auction. Before deposit, you can deposit funds; When the countdown ends, simply click “Place Bid” and enjoy the experience!
Want to hit a new NFT instead? You must first register on the waiting list. Here’s how it works:
How does the ThetaDrop waiting list work?
First, you need to add funds to your ThetaDrop account. You can either use TFUEL – the market utility token – or pay by credit card. However, if you pay by TFUEL, you will also receive Theta’s new TDROP token via airdrop (more info below).
Then you choose the NFT you like, click “Join Waitlist”, and that’s it! When your chosen drop opens, each collector gets a random place in the queue. When your turn comes, you have a limited time to create an NFT. ThetaDrop will notify each collector via the platform or mobile phone.
Don’t want to miss an NFT drop? You can pre-fund an NFT directly! This way, when your turn comes on the waitlist, the NFT purchase will be made automatically.
Special note: Just because you join a waitlist doesn’t mean you’ll get an NFT! This is because each drop has a limited amount of NFT; often there are more waitlist members than NFTs in a collection. ThetaDrop randomly selects members to hit so everyone gets a fair chance.
Anyway, this fun experience has already attracted thousands of collectors this year. But do you know what is just as fun? Theta.tv!
What is Theta.tv?
Theta.tv is a streaming site created by Theta Labs – the same company that launched Theta Network. Basically, users are rewarded with TFUEL tokens for sharing video content on the platform with their peers.
Currently, there are dozens of live streams and recorded videos from Theta Labs partners and other artists, collectors or brands. You can watch World Poker Tour stages, FailArmy content, gaming marathons, and even clubbing sessions. Moreover, you can also live chat with other users who are watching the same content as you.
The more videos you watch, the more TFUEL you earn – but why is this token so important?
What is ThetaDrop Token and where can I buy it?
Theta Network operates using two tokens: THETA and TFUEL.
THETA is a governance token that connects community members to the Theta blockchain. To clarify, every THETA token holder can participate in future decisions regarding the Theta blockchain. As a result, there is a fixed supply of 1 billion tokens.
In addition to voting rights, the THETA token is also stakingable. This means you can stake your THETA tokens to get TFUEL.
TFUEL is the native utility token behind Theta Network. Users use this token to trade NFTs in the market, attend auctions, craft new collectibles, and more. Unlike the THETA token, TFUEL has a fixed supply of 5.2 billion tokens.
So why did Theta Network drop TDROP tokens in 2022?
As a result, the TDROP token arrived via airdrop in 2022 to increase Theta Network’s ThetaDrop NFT market liquidity. Users will receive TDROP tokens via airdrop each time they make a purchase using TFUEL in Theta Market. To illustrate, you can think of this process as “mining” TDROP. As a result, users will benefit from better trading volume, improved prices, and more.
Moreover, TDROP is also the governance token of the ThetaDrop market. As a token holder, you can stake your TDROP to gain voting rights for future market decisions – or come up with your own ideas!
How much is the THETA coin worth?
A THETA token costs $1.10, according to CoinMarketCap. Meanwhile, the price of one TFUEL token is $0.05388 at the time of writing. You can buy both tokens on top cryptocurrency exchanges, such as Binance.
To conclude, ThetaDrop is a promising NFT marketplace that is clearly just getting started. From iconic NFT drops to live auctions, TDROP airdrops, and even TV streaming via Theta TV, this unique platform is all about entertainment.
Looking for more information on the best NFT markets? You can check out our in-depth guides on OpenSea, SuperRare, and Nifty Gateway to get started like a pro!