What security measures does your platform have in place?
We have the highest level of security, as we treat our platform as digital investable assets that are held to the same standards as banking. Blockchain security access: There are two different apps running. Only the admin app is capable of making direct on-chain calls. We use AWS KMS for private key securit
Is it possible to import/transfer assets from other platforms into your platform?
This is not currently supported, but is included in our product roadmap and could be implemented if such support is desired. Our initial focus is to give brands ultimate control over asset offerings on a branded platform.
How does the platform track secondary sales?
The platform tracks secondary sales (including royalties) off-chain and builds an internal ledger. We maintain a robust record of every transaction that will be available to your team for tracking, bookkeeping, and reporting. flexibility in accountability Introducing Dynamic NFT Royalties The collegiate s
Please provide a detailed explanation of your NFT platform’s environmental impact and gas emissions. Is your platform proof of work or proof of stake?
Rare Goods utilizes the Polygon blockchain. Polygon uses proof of stake, which has a much lower environmental impact than proof of work blockchains. Polygon’s validators approximately consume 0.00079TWh of electricity yearly with an approximate continuous draw of 0.00009GW, orders of magnitude below the e
Can users move purchased NFTs to other platforms?
Yes, the user can request a transfer of their NFT assets to an Ethereum compatible crypto wallet address (off-platform) which can be approved and executed by the admin.
How does the NFT identify or link to the underlying digital asset?
The NFT has an IPFS hash of the NFT metadata, which contains an IPFS hash for the digital asset. Our product roadmap includes adding the ability for end-users to access this directly from an NFT’s details page on the platform via a call-to-action button.
Where is the digital asset stored?
It is saved on IPFS using Pinata and also on AWS S3 for redundancy and caching purposes.
Please provide any unique or important details associated with the information stored in the smart contract.
We are using a standard ERC-721 smart contract with an OpenZeppelin extension to reference the metadata with an IPFS hash (so that the content is immutable).
Who mints the NFT?
We batch and mint all NFTs through our custom-built platform. Each NFT is minted onto the smart contract and wallet specifically configured for each brand/organization we work with. This is both a branding and security feature allowing NFTs to be associated with the brand and wallet they are representing di
Is there a secondary market or marketplace on your platform?
Yes, the Rare Goods platform is both a primary and secondary marketplace. We focused on designing a seamless NFT experience by allowing users to buy, sell, and trade NFTs directly in our marketplace from your Universities directly, or other users on the same site. Users can then sell their acquired NFTs to