Assume again that an NFT sells for $100 in the secondary market of your platform. From that gross amount, how will revenues be shared? Please include any estimated transaction costs, service fees, etc.
In the example for the Primary Sale, 5% will cover Credit Card, Processing, and Transfer Fees. Your profit amount is 50% of the net revenue. In the Secondary Market Sale example, the royalty amount is set to the accepted industry standard of 10%. Once Credit Card, Processing, and Transfer Fees are covered,
How will royalty payments be transferred to rights holders, athletes, etc.? How often will these payments be made?
A detailed ledger is kept outlining each NFT, its sale history, and any/all royalties associated on secondary Marketplace sales. The royalties are calculated, stored, and monthly payouts are issued to teams, organizations, and/or individuals. Recipients are given the option of payment via check or ACH.
What is the withdrawal process from a user’s digital wallet?
In order to make a withdrawal from a user’s account, the customer need only sign into their account, click the profile button, select “Cash out your available balance”, and follow the prompts. To withdraw funds users input their bank account information and should receive the money within
What insurance and bonding does your company have in place?
We work with Hylant Insurance and currently carry $5 million in Cyber and 2.5 in Liability. Based on this activation we would increase that amount accordingly based off of growth.
What marketing support, resources, and commitments does your company plan to make for a collegiate solution? What campus or venue assets will be needed to best reach college fans?
Our team will activate direct advertising campaigns, targeted ad buys, and digital marketing campaigns, while also capitalizing on the use of our proprietary gamification platform to promote new drops, drive new sales, and incentivize more transitions. Our combined promotional budget for traditional targete
What asset commitments will the schools and conferences need to make?
We would like: Full access to content libraries with the ability to transfer video assets at the highest quality available to Rare Goods’ secured pre-production storage. (Digital and Analog) Complete rights-holders sign-off (including NIL when applicable) for licensed redistribution and sale via Rare
How will schools work with your company/ platform to drive long-term engagement from fans?
Using our proprietary gamification engine every customer and visitor will have the additional motivation and incentive to engage with your NFTs. We will create sales through loyalty, gamification, and sweepstakes designed to convert customers into loyal ambassadors. Our platform rewards fans for engaging an
How will your company work with the conference to ensure a balance of content and opportunities across all member schools?
Each team will have a dedicated project manager and creative director working with the university to develop content, strategy, and cadence around NFTs. All Rare Goods teams will meet weekly to compare plans and strategies for each university ensuring that continuity is felt around all programs.
What is the ideal timing and reaction for a drop after a “moment” happens in a game?
Our team will develop numerous situational-based templates for quick implementation as content becomes available. The Rare Goods system and sales analytics will enable us to time drops and releases to maximize fan, engagement, participation, and purchases. High-profile games will be prioritized. As mentione
How can your NFT technology create new points of engagement for fans watching a game, both in-venue and on television?
Engagement is what we do best! Built into our platform is our fan engagement technology, Perk Social. Our platform allows you to easily reward your customers with NFTs for the participation of any kind. We make it easy to create rewardable digital, social and experiential moments to keep your customers enga
