Theta Drop Clone: Build an NFT marketplace like Theta Drop and step ahead in the metaverse

Soaring is the right way to describe the success of Theta Drop. Owned by a decentralized video delivery network. It is becoming a credible name for esports, music, education, as well as, entertainment. Are you that entrepreneur targeting domination of the metaverse? Launch a Theta Drop clone now. 

The noteworthy features of the NFT marketplace like Theta Drop

Main dashboard – NFTs are minted and listed into 3 parts on a Theta Drop-like crypto collectible platform. Investors can choose options like For Sales, Latest Sales, and Top Sales easily. Moreover, interested buyers can tap the Search Panel and enter the names of collections and artists to receive the desired results.

Multiple filters – Metaverse enthusiasts can press the Filters button for locating attractive crypto collectibles. They can choose options like Recently Listed, Price (Low to High), and Edition (Low to High). 

Moreover, buyers will receive a list of Partners (artists, brands, influencers, and multinational conglomerates). Further, they can get hold of tokens, packs, and redeemable products.

Drops Section – Undoubtedly, Theta Drop is gaining more popularity in the metaverse. For instance, Katy Perry will be launching her NFTs soon on the green-energy-based marketplace. Further, apart from songs, buyers can also purchase trading cards, Artificial Intelligence-powered artwork, comical characters, gaming weapons, and 3D cartoon characters. 

Various types of auctions – Artists can create either open or closed auctions for selling their exclusive collections. They can set a specific limit, finalize a price and open the sale. Prospective investors make bids and the content creators choose the highest bidder for winning the auction. 

What happens in the case of a silent auction? Information about current bids is not shown. Thus, the top bidder wins the NFT after the auction ends.

Withdrawal option – Importantly, the Theta Drop NFT marketplace functions based on 2 tokens, THETA and TFUEL. The former operates on the Proof of Stake (PoS) consensus mechanism. The latter enables investors to process peer-to-peer (P2P) transactions and pay gas fees. 

These 2 tokens have several use cases. It helps in handling micropayments and also assists in launching smart contracts, brand-new tokens, and new Non-Fungible Tokens (NFTs). 

Investors and buyers can withdraw US Dollars and TFUEL tokens anytime. After a while, the payment portal will send the funds to the associated bank account, and the digital wallet post a confirmation email. 

Instant KYC verification – A secure minting, listing, and selling experience is ensured on an NFT marketplace similar to Theta Drop. Users need to submit the relevant documents and verify their identity online. 

Dispute Resolution mechanism – Sometimes buyers and sellers of NFTs may face issues while paying transactions, minting, and purchasing collectibles. Creators and investors can report debit and credit card issues and receive instant support.

Help Centre – Talented creators and investors can contact the Help Desk to resolve different problems. They must enter information like the email address, user name, name of the creator, the concern, a description of the problem, and an attachment of the document. They will receive appropriate support from the technical team. 

Deposit Button – Artists can easily deposit funds into their account on Theta Drop. They must tap their profile picture and go to the balances section. Later, they can transfer Theta Fuel (TFuel) or US Dollar (USD) tokens from their digital wallets. Later, these funds would be locked for a specific period. 

Why the Waitlist is a special aspect of an NFT marketplace like Theta Drop

• The Theta Drop clone functions like a lottery system. Interested investors must enter the waitlist. Later, they receive an allocated number.

• This increases their chance of purchasing a rare NFT. Buyers can choose a specific collectible and would be positioned in a line. 

• How does this ensure a lot of conveniences? Retail, as well as institutional investors, need not join a waiting room. Generally, this occurs around 30 to 60 minutes before the drop officially opens. 

• An automatic calling system will inform buyers after their number gets called. Likewise, artists can place their exclusive collections in the “Pre-fund this Item” section. 

• Thus, buyers would automatically buy the NFT. Thus, they should link their credit cards, transfer the required number of TFuel tokens, or deposit cryptocurrencies. 

• Hence, you can also consider introducing a Waitlist option on a Theta Drop-like NFT marketplace. Thus, every registered buyer will receive a fair chance to buy a valuable NFT. 

• Moreover, you can ensure efficient distribution of the available collectibles. This depends on the number of people placed in the line.

How does the NFT marketplace similar to Theta Drop assure rarity for NFTs? 

Unquestionably, artists across the universe are getting more value by monetizing their content. They can choose 3 options while minting their NFTs on a marketplace similar to ThetaDrop. Creators can opt for Common, Rare, and Legendary as per their preferences. 

What is Theta Drop planning for the future? 

Cross-chain compatibility is the main focus of the Theta Drop NFT marketplace. Importantly, artists can transfer assets seamlessly from the Theta blockchain to Ethereum and vice-versa. However, content creators can also port their NFTs to all the wallets supported by the Ethereum blockchain network. 

What happens before the artists execute the transfer? Their minted NFTs will stay on the Theta native chain. Moreover, creators can transfer their TFUEL tokens from Theta TV to Theta Drop. 

Thus, they can be an integral part of the decentralized video-sharing network. The transferred amount is locked for a certain period and artists can use it for processing transactions on the Theta Drop like NFT marketplace.

Interested buyers will see the engaging content, can purchase videos, and also receive engaging updates from streamers, sponsors, and brand ambassadors. 

Wrapping Up

Do you aim to get ahead of your rivals in the metaverse? Give a call to the talented team of AppDupe and build a Theta Drop clone soon.

Sell limited-edition NFTs and build a Theta Drop clone Now!

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Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.