PROPOSAL NAME: NFT Showroom RWA Authentication Certificate Platform, Powered by ApeCoin
CATEGORY: Ecosystem Fund Allocation
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
Project founder has self-funded $249,000, and is asking for ApeCoin DAO to help fund 25% of the total 1 MILLION dollar raise ($249,000).
Dr. JoanneOdom (Founder/CEO) – 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) – 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. The patent-pending whitelabel 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? . 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. *See Chart - Average projected returns in 1 year (0.001% market share) is 6.2 Million, 3 years (0.01% market share) is 54.7 Million, and 5 years (0.1% market share) is 548.6 Million. This equates to $620,000 USD in 1 year, 5.4 million in 3 years, and 54.8 million in 5 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)
- OBI Real Estate (US-based web3 platform, https://obirealestate.com)
- Unnamed Global Luxury Goods Authentication have letters of intent to initiate business with NFT Showroom.
- 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
STEPS TO IMPLEMENT:
Start Date: When funding is received
Business Implementation Strategy:
PHASE 1 - B2B LAUNCH
- Identify collaborative business partner in each industry
- Secure contract & work to develop tech
- Scale up more contracts within each industry
- Secure US and Global Patent
PHASE 2 – DTC LAUNCH
- Launch DTC NFT Authentication of Digital Assets
MILESTONES
- Secure one contract within each industry
- Partner with businesses to develop and refine innovative tech that is industry specific
- Phase 1 and 2 launches
- Receive US and Global Patent Approval
Majority of the 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
OVERALL COST:
Total amount requested from the ApeCoin Ecosystem Fund = $249,000 in ApeCoin USD.
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Asking for ApeCoin DAO to help fund 25% of the total 1 MIL raise ($249,000)*
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The project is already 80-90% built. Female founder (also a single mother) has already self-funded $250,000 USD and needs additional funds to customize tech for each industry, integrate their existing systems, incorporate AI to build the final product.
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The idea and tech are both patent pending in US and funds also needed to continue reciprocating the patent progress across other global countries
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Funds needed to execute existing contracts, begin making revenue and secure legal rights.
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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!!!