Please describe your proposed solution
Evoke Marketplace is a revolutionary phygital marketplace that aims to bridge the gap between the physical and digital shopping experiences. Our platform provides consumers with an immersive, seamless, and personalized journey, combining the exclusivity and opulence of luxury brick-and-mortar stores with the convenience and accessibility of online shopping. By leveraging cutting-edge technology, data analytics, and a curated selection of high-end products, Evoke will establish itself as the premier destination for phygital shopping enthusiasts globally.
Evoke Marketplace will operate as an online platform with an integrated mobile application, offering an extensive selection of luxury products from top-tier brands across various categories, including fashion, jewelry, watches, beauty, lifestyle, education, real state, gaming and more. Our phygital approach allows users to virtually explore luxury boutiques, engage in live interactions with expert consultants, and even experience augmented reality try-ons. Additionally, our platform will host exclusive events, pre-launch previews, educational courses, exclusive games and limited-edition releases to enhance customer engagement and loyalty.
We are planning to integrate multiple blockchains into our marketplace. The first release of the platform is planned for September and will include Web2-based features and payment. And Web3 Ethereum-based payments and NFTs. This proposal only includes the costs associated with the integration of Cardano-based NFTs into our platform.
The Phygital Market represents the integration of physical and digital elements in various industries, enhancing consumer experiences. Integrating NFTs with tangible assets can add value by increasing authenticity, enabling fractional ownership, and enhancing the trading and collectible aspects of physical items. This combination offers exciting opportunities for both creators and consumers in a rapidly evolving digital landscape.
- <u>Reward creators with royalties</u>
NFTs are the easiest way (and probably the only reliable) to track royalties over time and automatically distribute payments to every creator of the product (not only to one main entity).
- <u>Enhanced Value:</u>
Combining NFTs with tangible assets, such as physical artwork, real estate, or luxury goods, can add intrinsic value. Buyers not only own the digital representation but also the physical item, making the NFT more appealing.
- <u>Provenance and Authenticity</u>
NFTs can serve as a certificate of authenticity for physical assets. By verifying ownership and transaction history on a blockchain, consumers can have more confidence in the legitimacy of the item they are purchasing.
- <u>Fractional Ownership</u>
NFTs can be divided into smaller fractions, enabling shared ownership of tangible assets. This opens up opportunities for investment and collective ownership of high-value items like art or real estate.
- <u>Liquidity and Trading</u>
NFTs tied to tangible assets can be traded more easily. Owners can sell their NFT representation of the asset on various online marketplaces, potentially attracting a larger pool of customers.
- <u>Enhanced Collectibles</u>
For collectors, NFTs can act as digital deeds or titles for their physical collectibles, offering a new level of prestige and digital memorabilia tied to their tangible assets.
You can find designs for the portal here: Figma link.