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
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.
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,
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,
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 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.
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.
Are in-app/platform tokens or currency used?
Are in-app/platform tokens or currency used? No.
Does your company have any technology escrow in effect?
Rare Goods has technology escrow in place. In addition to the development/test & review process, Rare Goods’ team also leverages GitHub repository for managing software development/sourcecode management & version control.
What disaster recovery does your company have in place?
What disaster recovery does your company have in place? The Rare Goods infrastructure leverages numerous software programs as service platforms, each with its own disaster recovery accommodations. These services are used as part of the purchasing process. Actual management of the digital asset i