AIP-573: NFT Showroom RWA Authentication Certificate Platform, Powered by ApeCoin

[NFTShowroom]

PROPOSAL NAME: NFT Showroom RWA Authentication Certificate Platform, Powered by ApeCoin

TEAM DESCRIPTION:

The NFT Showroom team consists of a diverse, complimentary and seasoned group of executives in their respective areas of expertise. All members have an exceptional track record of achieving success. The founder is a highly proficient female and wants to lead the way for other Web3 female founders, as well as onboard her female counterparts into the web3 ApeCoin/BAYC/MAYC ecosystem through this project

Dr. JoanneOdom (Founder/CEO) X: @NFT_Show_Room_1, TG @joanneo2024) – Bachelor of Science in Pharmacy with Honors, BSPh (University of Toronto, Canada), Doctorate of Pharmacy, PharmD (3.97 GPA, University of Colorado Denver), Registered Pharmacist (RPh) with Ontario College of Pharmacists. Award-winning biotech/pharmaceutical executive for 15 years. Model and Actress. New BAYC/MAYC Holder.

Jeffry Tamara (Business Development) – Bachelor of Biology (Louisiana State University, LSU), D1 Football, Quarterback. Former White House Staff for President Trump & President Obama. Current Founder/CEO of Metaddiction.

Yuri L Eliezer, Esq (Patent & Advanced Technology Attorney) – J.D. Law (Georgia State University, College of Law), Bachelor of Science in Electrical Engineering (Georgia Institute of Technology), Master’s degree in Electrical and Computer Engineering (Georgia Institute of Technology – in progress). Deemed Rising Star on SuperLawyers.com, Voted as Super “Patent” Lawyer List (assigned to only 2.5% of attorneys) from 2020-2024, Best Lawyers to Watch at Founders Legal.

Alex Loveyko, Esq (Web3, IP and Entertainment Attorney) – Master of Laws (LLM), IP, Media and Information Law (Brooklyn Law School), Master of Law, LLM, International Sports Law (ISDE), Bachelor of Law, International Private Law (Higher School of Economics), English Law Specialized Program (London Metropolitan University)

Ramy Bekhiet (Web3 Consultant & Advisor) (X: @Ramon_Pablo23)– Bachelor of Finance (3.6 GPA, Monmouth University), D1 Tennis. Member of Bored Ape Yacht Club**,** Dubai Ape Yachet Club & Magic City Apes. Experience in advising various token launches and NFT projects.

Fox App Studio (Development Agency)– US-based agency that is highly experienced in NFT, web3, security, privacy and development of web2 and web3 applications across multiple blockchains. All developers on project have signed NDA and are US-based. NO contract or outsourced developers used*

PROPOSAL DESCRIPTION:

Background:

Authentication certificates serve as a crucial means of verifying the authenticity and provenance of items across various RWA (Real World Asset) industries, from luxury goods and automobiles to collectibles like sports trading cards. These are validated by industry-specific experts. The actual certificates are used to verify the authenticity, security and legitimacy of products, services and/or digital assets, and preserve value.

Some examples of industries currently using these:

1. Luxury Goods (Watches, Jewelry, Fashion)

Authentication certificates confirm that an item (e.g., designer handbag, luxury watch, or fine jewelry) is genuine and produced by the claimed brand. High-end counterfeits are on the rise and have become a problem, resulting in the increased need for third-party authentication

2. Automobiles (Classic & High-End Cars)

Certificates of Authenticity will verify the car’s originality, including its make, model, year, and sometimes even its performance or condition.

3. Sports & Pokemon Trading Cards and Collectibles

Authentication ensures that items are not counterfeit, altered, or tampered with. This protects buyers in the growing market for valuable collectibles.

4. Art and Antiques

Authentication certificates serve to validate the artist or creator, the period of production, and the historical provenance of a piece. This is especially important as the market for art and antiques involves high-value, unique pieces that can be vulnerable to forgery.

5. Wine and Spirits

Certificates of authenticity verify that high-end wines or collectible spirits (like vintage whiskies) are genuine and have been stored properly, maintaining their value and taste.

THE PROBLEM

Authentication certificates face many issues:

• Counterfeit certificates
• Loss or damage of physical certificates
• Inconsistent verification standards
• Over-reliance on certificates
• Technological limitations
• Difficulty in tracking ownership
• Time and Cost

The existing web2 RWA authentication business is extremely profitable but it is decentralized. Each individual third-party authentication company has their own authentication process (e.g. submitting photos and/or sending in the original item), and once authenticated, they generate a PDF, paper, weblink, or NFC card as the Authentication Certificate.

THE SOLUTION

• Blockchain provides a transparent, tamper-proof ledger to verify the provenance of physical or digital items, reducing the risks of counterfeiting.
• This patent-pending white-label platform will generate an NFT digital certificate along with digital identity verification of the buyer/owner.
• Only the user can see their identity via private key access. In addition to serving as an authentication certificate, It will convert a RWA into a “Digital Twin”, where a photo/video of the actual RWA item will have an authenticated badge that can be used as an PFP.
  • Imagine flexing your $80,000 Birkin Bag, a $100,000 Audemars Piguet Watch, a 2 Million dollar Ferrari as your PFP, where the PFP guarantees you are the authentic owner.
  • When the actual RWA item is sold, once transferred to the new owner, the original NFT will be burned and a new one created, but a log of past owners will remain on the most current NFT.
• Conversion to an NFT will guarantee ownership and authenticity and track resale of the item. NFT Showroom will be the universal B2B platform where multiple industries can utilize one platform for RWA authentication.

BENEFIT TO APECOIN ECOSYSTEM:

NFT Showroom will be the universal B2B platform where multiple industries (e.g. luxury goods, high-end car companies, wine/spirits, collectibles, sport trading cards) will gain exposure to ApeCoin ecosystems.

NFT Showroom drive value to the ApeCoin ecosystems in several ways:

• Rewarding the ApeCoin Community & DAO: If fully funded, 10% of gross revenue will go back to the ApeCoin community & DAO for 3 years (to be disbursed at end of year, once a year, to make it simple and convenient for tracking). *See Chart - Average projected returns in 1 year (0.1% market share) is 6.2 Million, 3 years (1% market share) is 54.7 Million. This equates to $620,000 USD in 1 year, 5.4 million in 3 years..

• Promote the usage of ApeCoin: NFT Showroom customers will be able to utilize ApeCoin to purchase authentication certificates for their RWA’s using highly reputable third-party authentication companies. ApeCoin holders will receive a discount with NFT Showroom B2B customers.

• Collaboration with partner companies to offer additional perks to ApeCoin Dao members. These successful companies are lined up and waiting to utilize the platform for their businesses

  • CryptoAutos (UK-based web3 platform, https://www.cryptoautos.com)
    • They sell high-end luxury vehicles using crypto and are eager for ApeCoin DAO members to be able to utilize their $APE for purchase
  • OBI Real Estate (US-based web3 platform, https://obirealestate.com)
  • **Unnamed Global Luxury Goods Authentication ve letters of intent to initiate business with NFT Showroom.

• Reward ApeCoin DAO members who are able to generate B2B sales leads with real world asset authenticators in auction houses, luxury goods, real estate, sneakers, sports trading cards, collectibles and any relevant industry!.

• Collaborations with existing Made By Apes (MBA) businesses for their authentication needs. We aim to promote existing members within the ApeCoin community, especially since many have businesses in this space.

• Onboard existing web2 users seamlessly into a web3 environment: NFT Showroom will be able to drive web2 customers into downloading an app & digital wallet to retrieve their NFT authentication certificates. Customers will gain exposure to ApeCoin and community.

• OTHER - NFT Showroom is open to community feedback and innovative ideas to enhance this project and how to give back to the ApeCoin/DAO Community. I would love community input on this**
  

  
  
  
  

DEFINITIONS:

• RWA = Real World Asset
• MBA = Made By Apes
• B2B = Business-to-Business

STEPS TO IMPLEMENT:

MILESTONE 1 – B2B INITIAL LAUNCH

Start Date - upon funding from DAO

• Identify collaborative business partner in each industry – Founder & BD, looking for ApeCoin DAO Community to bring forth leads
• Secure contract & work to develop tech – Founder & BD, Travel & Expenses
• Integrate ApeCoin payment function into iOS, Android and Website functionality – ApeCoin DAO, US Development Agency
• ApeCOIN DAO – Need technical and assistance to coordinate transitioning project to ApeChain and utilizing ApeCOIN (coordinate with dev agency)

Milestone 1 – Key Performance Indicators

• Execute existing contracts with businesses – Founder, Dev Agency
• Build tech specific to industries with existing contracts
• Successful integrate project onto ApeChain and incorporate use of ApeCOIN
• Phase 1 Launch

Timeline: 2 Months

MILESTONE 2 – ONBOARDING ADDITIONAL INDUSTRIES

Start Date – Upon completion of Milestone 1

• Secure one contract per industry targeted – Founder, BD
• Scale up more contracts within each industry – BD, Travel & Expenses
• Secure contract & work to develop tech specific for new industries – Founder & BD, Travel & Expenses
• Secure US and Global Patent – US & Global Patent Attorney
• Run reports on usage, payments, and spending patterns and review – Founder, Marketing, Dev Agency

Milestone 2 – Key Performance Indicators

• Refine existing tech to ensure maximal performance within existing contracts
• Secure additional contracts per industry targeted

Timeline: 2-4 months

MILESTONE 3 – PRE-MARKET RESEARCH FOR DTC LAUNCH

Start Date – Upon completion of Milestone 2

• Secure new US and Global Patent for DTC technology – US & Global Patent Attorney
• Perform Market Research analysis on changes in NFT market and authentication technology – Marketing, KOL’s
• Test Referral Link System – Marketing, KOLs, Dev Agency
• Secure KOL’s and ApeCoin DAO members to participate and earn rewards via Referral Link System – BD, Founder, Marketing

Milestone 3 – Key Performance Indicators

• Receive US Patent Approval
• Receive Global Patent Approval (By Country)
• Refine existing tech to ensure maximal performance within existing contracts
• Secure additional contracts per industry targeted

Timeline – 3-6 months

MILESTONE 4 –DTC LAUNCH

Start Date – Upon completion of Milestone 3

• Launch DTC NFT Authentication of Digital Assets – Marketing, KOLs -
• Expand Global Patent into additional identified countries for DTC technology – US & Global Patent Attorney
• Launch DTC Marketing Campaign – Marketing, KOLs
• Launch KOLs and Referral Link System for ApeCoin DAO members – Marketing, KOLs

Milestone 4 – Key Performance Indicators

• Phase 2 Launch
• Refine existing tech to ensure maximal performance within existing contracts
• Secure additional contracts per industry targeted
• Receive US Patent Approval
• Receive Global Patent Approval (By Country)

Timeline – 6-12 months

Project Tentative End Date: Jan 2029

Technology funds will be used to customize the technology for each specific industry. One size does not fit all. Some industries are more complicated than others. Secondly, legal fees in global patent applications and costs are necessary to ensure this project maintains market majority. Currently NFT showroom does not have any direct competitors.

REPORTING EXPECTATIONS

Progress reports every Quarter or Bi-Annual, which may include but not limited to:

KEY METRICS:

- # of B2B contracts signed
- # of industries onboarded
- # of B2B transactions per contract
- # of B2B transactions total
- % B2B revenue growth each quarter
- % DTC revenue from NFT authentication
- # of patent approved in US and Globally

Reports will be provided for the first 3 years. Reports will be made available on the ApeCOIN Forum, via follow-up posts called “Implementation Update”

OVERALL COST:

Total amount requested from the ApeCoin Ecosystem Fund = $ 246,719.42. USD in ApeCOIN

• Asking for ApeCoin DAO to help fund 77% of the total raise ($320,413.68 USD)*

• Funds needed to execute existing contracts, begin making revenue.

• APECOIN DAO REQUESTS - If any ApeCoin members have high-level contacts to help NFT Showroom secure B2B contracts with third party authenticators of RWA, there will be a commission payout for sales leads. I am relying on this community to help make it successful, and you will see an allocation of funds (under Contract Sales/Contract Team Members) for B2B sales generation leads.

THANK YOU FOR YOUR CONSIDERATION AND SUPPORT!! PLEASE REMEMBER TO CLICK VOTE!!!

[VonFrontin]

How does this platform compare / contrast to Beezie on Blast?

[NFTShowroom]

Great question!!! Thank you for the comment!! I mentioned I have no direct competitors as there are many others that have ideas that seem similar but are in fact, are completely different. Courtyard is similar to Beezie

1. Beezie are selling collectibles that have already been graded. I’m creating a digital twin at the paint of the authentication (ie the person who grades the Pokémon or sports card trading card). This allows the ability to a) get a true expert opinion on authentication and b) ability to capture a high quality digital twin that can serve as a secondary purpose to flex as PFP with an authentication badge . The authenticator is the one who is able to capture the best digital image of the actual item. If you notice on their website they are selling the image of a card that is already graded - imagine a secondary use of your RWA card? This tech and idea are patent pending in US and other countries

2. The “digital twin” NFT that my platform creates is an authentication certificate - the certificate itself does not hold value. The certificate will also have the owners name (which is only available to the owner and the authenticator for privacy reasons), and it can be used for legal and/or for insurance verification purposes (eg prove ownership of a rare Pokémon card). Again, I’m not tokenizing or fractionalizing the item, it is an authentication certificate that has a digital twin PFP.

3. Beezie similar to Courtyardio, are both platforms that are vaulted. This means the seller does not have access to the item. They both use BRINKS. Vaulting is specific for sports and Pokémon trading cards industry, but it is not used in luxury goods, cars, watches, or other real world assets that people want to use and wear

4. I have two leads in this industry who I am working to partner with and build tech that is specific to the sports trading card industry. I’m an avid sports trading card collector myself who knows a lot of the big influencers and traders in this space. I want people to be able to trade and resell cards from a vault, or in person. Right now those platforms don’t allow for that

Sports card trading is a very wholesome activity where the “Hobby” encourages others to join through a lot of “live trades”. I’m working on a solution that encompasses both. I’m a single mom with a 13 year old son and I take him to sports cards trading shows (took him to Nationals in August), and it’s part of my inspiration for this platform. We often buy and sell cards in stores, online and in person!

Lastly, mt platform targets ALL RWA industries, sports trading cards, real estate, jewelry, etc.

One size does not fit all so the funds are to build industry specific tech and one of those is sports trading and Pokémon trading cards. I’m working with one of the influencers on it

I would appreciate your support and vote for my project and I’m happy to take any comments or additional questions!!

I’ve attached a pic of my son and I at the Nationals Sports Card Trading in August 2024 where we got to custom make our own 1/1 cards!!

[VonFrontin]

Thanks for the very thorough response.

Very interesting use of the tech and overall model. Good luck with the AIP process.

[NFTShowroom]

Would appreciate your vote

[VonFrontin]

I’ll be interested to see the financial ask when it comes, but love the concept you are building.

[Chris.Admin]

Hi @NFTShowroom,

The community feedback period for your proposal would be ending in roughly 24 hours.

• If you’re content with the feedback received, your next steps are to finalize your proposal using the AIP Draft Template.

• A moderator will reach out to the author to finalize the AIP Draft. Upon receipt of the final Draft, we will review and provide instructions on the next steps.

• Are you ready to proceed to the next phase or do you wish to extend community discussion for another 7 days?

We look forward to hearing from you.

-@Facilitators

[NFTShowroom]

UPDATED Proposal with funding ask, which is 25% of total ask.

[Chris.Admin]

Hi @NFTShowroom,

Thank you for your ideas [and the ApeCoin DAO community for the insightful discussions].

A moderator will reach out to the author to finalize the AIP Draft using the appropriate template.

• Once the AIP Draft is confirmed by the author and meets all DAO-approved guidelines, it will receive an AIP ID number and move forward for Draft Analysis Review.
• @NFTShowroom please see your messages for the next steps.

Follow this Topic as further updates will be posted here in the comments. In accordance with DAO-approved guidelines, if the author does not respond within 30 days, the proposal will be automatically transferred to the Withdrawn category, and the author can re-submit the idea.

-@Facilitators

[Chris.Admin]

Hi ApeCoin DAO Community,

@NFTShowroom has completed editing their AIP Idea to be their AIP Draft.

This proposal has been assigned the AIP ID Number 573.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-@Facilitators

[Chris.Admin]

Hi ApeCoin DAO Community,

Our team has reviewed and discussed @NFTShowroom’s AIP Draft and have sent a list of initial questions. We await answers.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-@Facilitators

[Chris.Admin]

Hi ApeCoin DAO Community,

@NFTShowroom has responded to our questions and they are in our review once again.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-@Facilitators

[Chris.Admin]

Hi ApeCoin DAO Community,

@NFTShowroom has responded to our questions and has provided consent to share them in this forum for the community.

Click to expand Q&A with @NFTShowroom

1. Your Overall Cost request is $249,000 USD, yet your four proposed funding tranches ($118,845 / $104,354 / $15,400 / $8,120.42) amount to $246,719.42. Please clarify.

Please update total AIP ask to $246,719.42.

2. One of your stated Benefits is that the platform would “Reward ApeCoin DAO members who are able to generate B2B sales leads with real world asset authenticators.” Please provide further details regarding these benefits.

I will provide commission to members who are able to bring forth B2B leads that result into B2B contracts with third party authenticators of real world assets (e.g. art authenticators, auction houses, sports or collectible grading companies, etc).

3. Please add “B2B” to your “Definitions” section, as you use it several times (undefined) in the proposal.

Done

4. Under Milestone #4, the following reads “Start Date – Upon completion of Milestone 4.” Do you mean to say “Milestone 3,” and if so do we have your permission to update it?

Yes, please update

5. For clarity, would your platform be providing NFT digital authentication certificates only, or would vendors also be able to procure paper/PDF/weblink versions of their certificates as well?

No, as offering any paper/PDF would circumvent the NFT. This is also specific to attorney counsel and the immutability. Just like we don’t have a PDF/paper/weblink for BAYC/MAYC. I do anticipate people will screenshot as they do with NFT’s.

6. Your platform would produce a “digital twin” NFT of a RWA where the actual RWA would have an authenticated badge. In the event of wallet loss, theft or other accidental loss, would there be a way to rescind authentication of this NFT should an additional authentication need to be performed? Or are multiple authentication certificates of the same asset permissible?

The actual RWA will not have any badge on it, just the digital twin photo of the NFT. Yes, part of future development is for a user to log back in with KYC to prove it is them, so they can retrieve it. The KYC is the critical part.

7. In the event of an NFT Showroom-authenticated RWA changing owners, would the metadata of the “digital twin” NFT be updatable should the owner opt to transfer the NFT along with the RWA to the new owner?

When the actual RWA item is sold, once transferred to the new owner, the original NFT will be burned and a new one created, but a log of past owners will remain on the most current NFT.

8. Your Overall Cost of $249,000 USD constitutes “Asking for ApeCoin DAO to help fund 77% of the total raise ($320,413.68 USD).” Have you already secured the remaining $71,413.68? Please provide proof of funds, or your proposal may be returned. Conversely, you may modify your proposal to request the entirety of the funding needed to fully execute your proposal.

I sent the paid invoices in the private chat where I’ve paid for portions via business line of credit, hence the need for funding.

9. Is there an expected schedule for the distribution of revenue back to the DAO treasury?

End of year, once a year, to make it simple and convenient for tracking.

10. Is the individual/team/business entity prepared to facilitate the distribution of gross revenue back to the Foundation in a way which is compliant with both the relevant local regulations and Cayman regulations?

I was planning to just send back one large amount of ApeCOIN to whatever wallet you let me know. I’m open to suggestions and guidance.

11. Since your app would require token holders to connect wallets, what are the plans for security audits of the app?

Yes, I have plans for smart contract, security audits to be done regularly. The patent actually has a technology where it minimizes the time frame in which it can be hacked (hence the patent). But yes, on top of that, security and private are my main concerns and audits will be performed regularly. I also have a contract hacker I plan to hire to try to hack it and provide me feedback on potential threats or weaknesses.

12. Do you have any estimated costs for users to use the platform’s features, or any premium features?

The costs are not determined by me – they are determined by the businesses (third party authenticators of real world assets), and what they decide to charge. I will negotiate with them to offer a discount for ApeCoin DAO holders. I’m a whitelabel that is just providing the software for the businesses.

13. Do you have plans to protect any collected user data? Please elaborate.

Yes, my attorneys are experts in privacy and have provided privacy disclaimers which will be available in the app. Only the contracted businesses and NFT Showroom will have user data that will be kept private and confidential.

14. Regarding any granted permission to use ApeCoin trademarks by the Ape Foundation, do you expect to maintain full ownership rights to the content and/or IP which may be created as a result of the approval of your proposal?

What do you mean by this? I am happy to use ApeCoin logo and abide by whatever guidelines are necessary.

15. Would your expectation be to keep complete ownership of all content produced from this proposal?

Are you referring to equity? Yes, I plan to keep equity. I was rejected by Banana Bill where I would have offered equity. Here I am offering revenue share so ApeCoin DAO owners can immediately get funds vs equity is a longer hold to get ROI.

16. As per the ApeCoin General Guidelines, “proposals will not be put up for vote if they involve illegal activity, hate speech, pornographic material, or are at odds with the mission or values of the APE Foundation.” Can you ensure that the content on the NFT Showroom RWA Authentication Certificate Platform would be in keeping with these guidelines?

Yes.

17. Your proposal states “The existing web2 RWA authentication business is extremely profitable but it is decentralized.” do you mean to say “The existing web2 RWA authentication business is extremely profitable but it is not decentralized?”

No, my statement is current. To elaborate, the art authenticators have their own system for generating certificates which is completely different from the luxury bag authenticators who have created various different platforms to generate PDF authentication certificates. Sports grading companies use a self-made platform and use a different method. Their technology for authentication certificate generation is decentralized and scattered.

18. For clarity, will authentication be handled by a third party that has yet to be selected?

I have listed some of the authenticators on the proposal – Crypto Autos for cars, OBI Real Estate, and I have other contracts underway that I can’t disclose yet.

19. Do you provide consent to apply updates to the relevant areas of your proposal based on your responses to the questions above?

Yes please

20. Do you provide consent to share these questions and answers with the community in this forum?

Yes absolutely

A DAR package is being worked on and upon completion this AIP will move into Administrative Review. Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-@Facilitators