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.
The collegiate space is changing more regularly than ever before. We developed Dynamic Royalties™️ to allow you to update your revenue allocations as you need in the future.
Once a NFT is minted, you cannot change the royalties, but with our proprietary Dynamic Royalty system, you can update allocations as your business changes.
Royalty Rights Past
5/2/2021 - 12/31/2021
Royalty Rights CURRENT
1/1/2022 - 6/30/2025
Royalty Rights FUTURE
7/1/2025 +
We are using Circle as a payment processing provider, to support credit card transactions for both primary and secondary sales, which necessitates off-chain sales.
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If you are using a custom blockchain, what is the contingency/recovery plan for your smart contracts/tokens in the event of catastrophic failure?
We don’t use a custom blockchain. The Rare Goods platform is built on Polygon, a secondary sca
Do you support wrapping of NFTs? If yes, please describe the method you support.
Wrapped NFTs are in our product roadmap for Q1 2022. We have developed traditional and non-tradition
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 envi
