Can purchases be made with just a credit card?
Yes. The platform currently accepts all major VISA and Mastercards. Our payment merchants are actively adding American Express which is expected to be available in Q1 of this year.
What are the key factors for a collegiate NFT marketplace to reach and sustain engagement with traditional college sports fans as opposed to specialty NFT/crypto/art collectors?
One of our main advantages is knowing the collegiate market better than anyone else. We have been in this space for years. We are a tech company that knows college sports fans and understands their loyalty, which puts us in a unique position to handle this program. We inform fans what NFTs are, how they [&h
How do fans obtain any required tokens or currency?
Fans do not need to obtain currency or tokens to purchase or sell on the platform. Currently, the platform uses fiat-based payments and payouts (USD) only. Connecting wallets and utilizing crypto are available, but credit/debit card payments and wire transfers are the primary mechanisms for purchase.
Do you envision white-label or school-branded extensions of the platform which would integrate directly with school websites?
Rare Goods was designed at its inception to be a white-label platform. Our company’s history is steeped in fan engagement and building the brand of our clients above our own. Integrating the platform into the school’s existing websites and infrastructure has always been the plan. From our experi
Are cryptocurrencies an accepted form of payment on the platform? If yes, which ones are currently accepted?
We currently accept credit cards (Visa & Mastercard) as the main method of purchase. We have the ability to feature multiple cryptocurrencies, which can be turned on as requested.
How much creative control will schools and athletes have around the creation and promotion of assets?
Our approach is entirely about providing a platform that looks and feels like each universities’ brand. With our system and services, each university will have a dedicated, branded portal that looks and feels like your team, not our tech. We want and expect to work in collaboration with each universit
Assume that an NFT sells for $100 in the primary 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,
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 your plan for clearing current and former student-athletes who wish to participate in the NFTs?
College Athletics has quickly entered an exciting new chapter full of many new opportunities, but also unknown challenges. Our team is committed to maintaining your integrity and values, while also helping you and your student-athletes, navigate and embrace the new opportunities available. We are dedi
