ClubRare creates an NFT that links to the actual product

in #agovfinance3 years ago

As the world goes digital, NFTs are rapidly gaining popularity among collectors and speculators in the crypto space. A recent study revealed that sales volume for NFT reached a staggering $2.5 billion in the first six months of the year, up from a total of $13.7 million for the whole of 2020. Statistically, it continues to show a large increase in interest over the year. then.

Generally, NFTs are unique digital items such as collectibles, artwork, or game items. However, at ClubRare, NFT is not just a digital item. Certain NFTs are tied to real products, which can be sent or received directly if the NFT owner wishes. So, it should be noted that ClubRare is the only platform that connects physical goods with NFT.

What is Club Rare?

ClubRare is a game changer for creators and brands as it creates opportunities for anyone to connect physical goods with NFT. Using this platform, the Gen-Z heavy collector membership community will develop a community ecosystem between artists, brands and sellers.

ClubRare aims to offer sustainable solutions to existing market challenges such as authenticity, low transaction frequency and high connection fees. In this way, Generation-Z users can trade with confidence in real-time with profitable trades and grow their presence in the metaverse world. The blockchain platform is designed to help people find the exact value of marketable products in the real world economy. It bridges the gap between the online and offline metaverse while also enhancing the brand experience using the offline store, which is located in Seoul, South Korea, and offers real-time care to redemption services.

ClubRare, the world's first nonfungible token marketplace for limited edition high-end goods, announced the successful completion of its first auction — the 2009 limited edition Hermes Shadow Birkin bag.

ClubRare launched its first presale on 30 July 2021, via OpenSea, the world's first and largest digital marketplace for crypto and NFT collectibles. Until the launch of ClubRare, limited edition or luxury items were presented every Friday in the form of auctions. Auction runs for 72 hours only in accordance with OpenSea policy.

The first presale item is a limited edition Hermes Shadow Birkin 35 bag guaranteed in gold evercalf leather, a rare item only shown on rare occasions at global auctions. Birkin Shadow is offered as a redeemable NFT.

Here are some of ClubRare's great offers:

Authenticity with blockchain technology — blockchain-based limited edition transactions and falsifiable certificates.
NFT-based real-time trading — real-time auctions and trading based on NFT technology.
Exclusive membership — a membership-based community operation exclusively for Gen-Z heavy collectors.
Offline platform for brand management and storage — strengthening trust and maximizing transaction convenience.
Digital asset-based global expansion — users, sellers and artists can connect to global markets using a global asset infrastructure.
Metaverse — maximize value addition by linking published assets to the metaverse.
ClubRare creates an NFT that links to the actual product. In addition, products are sold in their current condition without representation or warranty. Accordingly, the condition of this product is not a reason for a refund.

ClubRare NFT is based on the Ethereum ERC-721 standard. It uses NFT to represent ownership of exclusive physical goods such as luxury handbags, watches, and so on. Tokens can be redeemed at any time for physical goods upon payment of any shipping or insurance fees and sales taxes if applicable. Prior to token redemption, auction value increases through 24-hour token based trading and during token redemption, products are physically acquired.

Token holders will be provided with an online form containing the required information, including name, address, email address, resale tax certificate (if applicable), shipping preferences, and other Know Your Customer information required to deliver the goods. Once payment is complete, ClubRare may deliver the item to the owner who redeemed their token or offer a pick-up if ClubRare states that a pick-up is possible. The product will arrive with an appraisal report.

Detailed Information:

Website : https://agov.finance/
Korean Lightpaper : https://agov.finance/media/agov_guide_kr.pdf
English Lightpaper : https://agov.finance/media/agov_guide_en.pdf
Medium : https://agov. medium.com/
Twitter : https://twitter.com/clubrare_nft
Github : https://github.com/answerswap/agov
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