Oi, oi, what's happening guys? I'm gonna drop an intro track and then we'll get started.
Yo yo yo, what's good guys? Welcome to another week, another episode, another day of the good wood show. Welcome guys, welcome movie era, welcome ticket tree, how you guys doing? Hello, that was a sickest entry, like such a nice track. I'm glad to be here. What's up guys?
Yeah, man. I'm claiming. Yo, it's going on. I'm hyped up. Those intro tracks always get me going. So I'm fired up. Just thanks. Want to say an advanced victory having this up here. Yeah, for sure, man. It's good to have you guys on a Rivera. Some interesting conversations to be had about e-commerce. My background's actually in e-commerce. So I got a ton of cool questions to ask#
on. Something that I've also thought about quite a bit is the use of blockchain technology with ticketing. So maybe ticket started. Reveyor, are you first? You want to give us just a background about what you guys are busy doing? Are you started? Yeah, sure. So let me just make a quick page and then throw. I'm Zos, I'm the founder
and see your video laps. I have background in Web 2 building in-game service providing company that provides in-game services to the players of all around the League of Legends and all type of games. And also I've been in Web 3 for the past three years.
So we've been building this already a project for the past six months. In those six months we managed to secure over 20 plus ecosystem partnerships, not collapse, official ecosystem partnerships, which include sharkify, helio, one-dolls, and all five-year-old.
of projects. On top of that we managed to secure business to business e-commerce products, suppliers, web2 brand, grow e-commerce. They have over $15 million worth of inventory. On top of that we expanded our team, we have over 20+ team members working on the full time. We
have four core team members, CTO, CEO, COO and developers. Also, we are delivering some of our short and mutual mutualities preminced. You guys can check it out on how it is. It's very XYZ. We got some staking, 30 days of kind of a market
it will be delivered to Premint, they all will live on the mint day. Also we built proof of concept, it's a demo version of our e-commerce platform, it's a demo, we just wanted to show the proof of concept, it's a version too. So it's currently
It's not a bit close to what we are actually going to build in terms of e-commerce platform. So it's still a premium project and we will be meeting on 24th January on the Medicaid and Launchpad. We sold over 4.5 billion
40% of the supply in pre sales. I think that's a really simply aiming to build multi-chain crypto-asie coverage platform in which we will be allowing users to purchase tangible and digital products with the cryptocurrency wallets like Phantom Metamask
Hopefully we will add another user journey for the crypto currencies and another world with web 3. Thank you Awesome. Yeah, that sounds really cool. I think the integration or a crypto-based ecommerce store is definitely something that's bound
to happen. So you guys are building something really interesting, lots more to get into that. Ticketree, do you want to give us a breakdown on what you guys are doing? Yeah, for sure. So I'm Roddy, I'm the founder of Ticketree. We've been in development for about three or four months now. Obviously, our community is very early, but our platform is actually
really well developed. I just want to say while I'm talking about this Riviera, I really appreciate what you guys are doing because we're all about acceleration of mass adoption. It seems like you guys are helping that journey, so I appreciate that for you guys. But yeah, so Ticketree is a Web 3 ticketing platform that streamlines ticketing operations for
event host and organizations. We believe that as many of you know, especially if you're in the United States, ticket master is kind of destroying the whole ticket industry to sports games, concerts, comedians shows, you name it. The venues have
have no control, the teams have no control, the musicians have no control over their events. And this kicks off a large cycle that ends up raising ticket prices for the average fan. And a goal here that kind of kick started ticketry was
to lower prices for the average fan, to kind of broaden attendance for average families. We believe that life is made of memories and these super sky high expensive ticket prices are restricting certain families from these memories.
We looked at the root of the problem and we found out that it really starts with the host. Now, Symbols of Pioneer Demand showed us that...
The hosts really don't have a lot of control over their events. And we believe if we solve the root issue, which we have, then you know, it'll all trickle down back to the fans and more people will be able to tend their beloved events. So I can go into it a lot deeper.
So I'm going to get into some questions with Ticketree and then we'll go through Riviera just because it's something everyone wants to ask you. So when it comes to the authenticity aspect, that's definitely the first thing that I thought about when it came to using
a ticketing system. I think last year sometime we were just discussing it amongst the team and we looked up some stats and I mean there's something like I don't know how many billion dollars of fake tickets that are getting sold outside of Reeners and at events which obviously takes money away from the events and also puts customers
in a difficult situation when they end up buying these fake tickets. So is something that you guys, is there something you thought about? I mean, do you think that using a blockchain system could prevent forging in tickets? 100%. Let me actually take you back to maybe
early 2021 mid 2021 maybe I started dating a girl before Red before the pandemic kicked off and we always wanted to go to a Celtics game together Boston Celtics. I'm from Boston. So obviously the pandemic shut down all live events sucked but it had to be done. So we waited about a year and a half two years
And I finally went to the Celtics game and I bought tickets they were expensive, but I've been reading a long time So it was whatever about two tickets from a web to platform called stub hub they were about probably $600 total and then I'm walking through his mission at the
at the stadium and they scan my ticket which is just a barcode in the email which is a land which we can get in two later and he tells me I can't get in and let me tell you something about Boston sports fans they are not patient right so I got a probably a couple hundred fans right behind me you know you know rushing to get into the stadium
and all of a sudden I got to go on to Ticketmaster and buy two more tickets. So I probably spent over $1,000 on this one event because like you said, there's so many fraudulent tickets out there and web two platforms are really struggling to regulate that and to protect fans from buying fraudulent tickets. And blockchain at
the core kind of prevents us right? You know, NFT, we're selling tickets as NFTs, NFTs only belong to a certain mint address, only certain collection. So yeah, that totally prevents frauds on the tickets. And that was a kind of kickstart of ticketory as well. You know,
That was probably about six or seven months before I dove into the Web 3 World. When I dove into the Web 3 World, that idea came right to my head, along with so many others. Wow, how blockchain and Web 3 can just solve the whole fraudulent ticket issue itself is insane. That's one aspect of what we're trying to build here.
So could you take us through the process? Like this is how I'd imagine so you can buy a ticket and then usually like if I were to buy a ticket for an event you know for whatever reason you have to put in a lot of your personal details and usually you know it's your name and your email address and that kind of thing obviously was blocked
So it's a little bit more anonymous, but I mean that doesn't really matter if someone doesn't know that the technology being used is blockchain. So how would the process work? Would you buy this ticket and then that ticket is like some form of an NFT and then is it only verifiable digitally or is there some way that it ends up becoming some sort of
I guess the best way for security would be to keep it as a digital connectable app until the event itself. And then would those tickets be tradable, just like NFTs on MagicEdit? Yeah, 100%. So let me hone down a detail for those who aren't familiar.
We are trying to make our platform as Web 2 friendly as possible, just because we know with a lot of negative connotations at the moment about blockchain and cryptocurrencies, we don't want anyone fearing, you know, coming to a Web 3 platform and making payments.
We'll have Fiat payments, we'll have Solana payments, we'll have Ethereum payments, etc. But the default payment will be Fiat payments. So for anyone that's familiar with going on a web 2 platform and buying tickets, it will be almost identical to do so except if you wish to pay in crypto, you of course have that option. And this is kind of
way to, you know, mass accelerate adoption. When we show people our platform, we just have them demo it in Fiat payments before we even tell them that they're using cryptocurrency and blockchain, just because a lot of people, when you mentioned blockchain, the brand kind of fries, they kind of get scared.
But to get back to your point, so before the event, you know, you take it on, take a trip, we'll just look like, you know, the two logos or whatever from the teams that are playing at the event or the concert or the band, you get the point. And each, each ticketory account will be linked to what
essentially be its own crypto wallet, which we can get into later as well. But the tickets will be kept in their ticketory account and each user on ticketory will have their own QR code that changes about every two to three seconds. And what will happen is that these events, the security guards are the
will scan their QR code and it will send that back to our database and say if a ticket to your account is holding the NFT or ticket for the event. After the event in our Creator Portal, which is where organizations can go and sell their tickets, at least digital
media clips in a reveal process which we're all familiar with after the event. That is where we really get excited. Imagine going to your favorite sports team and your favorite player scores, winning goal, winning basket at a buzzer beater or something, right? And all of a sudden that clip is now uploaded onto your ticket.
Fans can then go on to our secondary ticket marketplace or NFT marketplace and trade those collectibles amongst each other. And this really just opens up so many doors for organizations. One, it kind of creates, it kind of strengthens their relationship with their
fans, which at this point, especially the United States is really lacking, and it also gives them the option to say, "Hey, whoever holds the Lionel Messi goal over the World Cup, for example, whoever holds this one clip of him scoring, you can get a locker room tour of the Argentina
national team, even come meet Messi, etc. Free Jersey, give them all perks whatever they want. And this is kind of just marketing tool to bring more people from the community into their events. But yeah, so there will be a secondary marketplace that is already set up all on DevNet. We are working on releasing that soon. But yeah, yeah.
Yeah, that sounds really cool. Just before I get to you, Rivera, guys in the space, that bottom right-hand corner purple button, jump on that, hit a retweet, smash the chop chop, that gets more people in you. Rivera, what's up? Oh yeah, I want to ask a question to tickets, so by the
It's just a bullish idea to build this bridge between Web 2 and Web 3. The one question that I will have, do you guys, maybe it will be too early to ask, but it's still, do you guys planning to build an API or kind of an application for business?
So let's say for a venue or a brand, so when you guys sell the Earth tickets, so they can check that tickets, that tickets, uh, legitness through your app, or that's kind of like API for the businesses.
Yeah, 100%. So there's kind of, there's a couple of layers to take a treat. Of course, there is the fan view, which is just the normal ticketing platform where they come, purchase their tickets, reseller tickets after the event. There is the creator portal, which I mean, a lot of us are familiar with this.
It's essentially just you go on Medicaid and create a portal you go on that whatever website or launch pad creative portal to kind of edit your NFT collections. What you're getting at is the API and that will be a different download for these
organizations to go and scan the tickets for their events. And this, we're also hoping to build this later down the roadmap to kind of help them with analytics of their ticket sales, to kind of get them, give them a full scope thing and all I think to take it in. I hope that answers your question.
Yep, yep, it does. Thank you. Pretty much.
Yeah, appreciate that. We have two events coming up in the next couple of weeks or so. One real life physical event, which is going to be super cool, especially as we approach meetings with large-scale sport organizations.
in the United States. So that'll be cool for proof of concept, we're kind of looking at people in that event of all ages, whether they're old, young, anywhere in between to just use our platform of these and we're going to demonstrate that and pitch to larger organizations in
and say, yeah, our platform is on crypto, or is on blockchain, excuse me. But look at how it's so easy and simple to use for almost anyone. So yeah, that's going to be really exciting. I appreciate that reviewer. - No worries, mate. Thank you.
Yeah, I think it's a really cool idea. I think that's probably the best. One of the coolest use cases of blockchain technology in terms of authenticity and solving this problem would be ticketing through NXTs. An idea of that of post, I was going to get to that.
So once you've got your ticket and you've gone to this event and now you have this NFT collectible, you know you mentioned that those could possibly become something else after the event happens. Is that does that apply to every single one of those NFT? So if it's like 10,000 tickets that can solve for a specific concert, does every NFT
turn into something unique afterwards or as it more of like a you could be lucky that it turns into something unique and if it doesn't what happens to that NIT? Yeah, that's a great question. If I were to be running these events if I was an organization I would definitely want to say you know say we sell out 10,000
I would like to, if it's a big event, have 10,000 little clips, little pictures that are all different. Almost like an NFT project. They're all a little different. They're all the same. There's some higher rarity ones. And then the organization can go and pick, you know, which is that? Which?
tickets are the highest ranked and which will receive the perks etc. But to get to your question, yeah, anyone can, it comes down to the organization itself. If they feel that there is no real value behind uploading digital media to the tickets afterwards, they don't have to do that. We find though in most of our
conversations that most organizations are actually really excited about that aspect and they would like to give each fan a different little clip of the game. Kind of bringing back the baseball card trading sentiment and kind of individualizing each fan's different experience which will live forever on chain.
But it's all down to the organization. They can do say it's a 10,000 ticket event. They can do 900 9,999 tickets are unrevealed. They're the same they were before, but though one lucky fan gets a revealed ticket or a moment from the event.
Yeah, that sounds really cool. You revere? Yeah, just just you mentioned about the organization. I just had one more questions pop up. So we look at the tickets of
on any other cryptocurrency like Ethereum, Solana. And if yes, how you guys going to be dealing with the legal part or maybe taxation, are you guys working with tablecoins in the backend? So how does that work?
Yeah, that's another great question. That is actually one of our last pieces of development before we push the platform at scale is kind of figuring out the legality and the taxation behind all of it. Our platform will be multi-chain. My dev actually hit me a couple days ago. I was like, "Hey, what's the update? How you guys?"
How you feeling etc. And he goes oh by the way, it's already multi chain eithmatic soul So that's really exciting, but yes the last part that we're looking at especially this week is how taxes will kind of play into all of this and how Organizations will go from withdrawn there Take it revenue back into US dollars
All right, thank you. Cool, so some of us are going to ask, what happens with season of tickets? Like, let's say you want to buy a ticket for the entire MBA series in your home city or something like that. Would you guys offer some sort of solution for that as well?
Yeah, of course, of course, that's a that was I know I keep saying this but that was like when I first thought of NFT tickets my first thing with season passes because they're so valuable and say You know say I buy a season pass for a thousand dollars for an event or Excuse me for a season right and there's 10 games a season so each ticket
or each take it would essentially be $100 to be going the same. But all of a sudden I can't make an event. So I'm losing $100. What if you could go trade a season pass for the last game of the season and get that money back? So that's essentially what we're getting at here.
But if you were to take, I think I've done a poor job to actually explain this. Let's say on our tape collection, instead of, imagine the mine folk, when you search mine folk on Magic Eden, right, it shows, it used to show the founders.
the mind links etc. It will be the same things so say you search Boston Celtics on Maddoche and it would show their collections and each collection would be a different event. So one of their collections could also be season passes and that would play the same role as any other collection.
Cool, that sounds really cool. For me, also, season tickets just makes a lot of sense for the kind of application you guys are working on. And looking into the future, I mean, what are your plans for Q1 and Q2, Q3 this year, in terms of marketing, partnerships? How do you guys plan on getting this
looking at platform demos and events. We've already done one demo at a golf course in New England which went really successful. We have, like I mentioned, two events coming up. One will be online, an online event which is really cool and we haven't really released any information about online events.
We are something that's developed this weekend and we're pretty bullish on another segment that we can explore. So we have those two events and then in about two or three weeks we have a meeting to discuss becoming a ticket broker for our major sporting organization.
in the United States, which would be absolutely massive for us. And we're kind of using the two events and our mint, which will also be in Q1, as proof of concept going into that meeting. So we're really excited for that. Q2, we're looking to bring on some industry experts from the sports world, from the ticket industry. We have a few contacts already.
But it all comes down with proof of concept. So every week we're just trying to prove a little more showcase our platform. And yeah, that's it for the upcoming quarters. We're really excited. Our team has some really good sport industry connections, just some of our personal lives and our personal careers.
So it's kind of Q1 build test build again Q2 bring on some more experts kind of just you know dominate 2023 in terms of ticketing Awesome so two things I wanted to ask first was you mentioned making the ticketing cheap of
for the fans. How would that be achieved? Where does the CustCoding Cost Cutting Pack come in for someone, you know, a platform using Web2 technology versus what you guys have to offer? Yeah, this is essentially the
The big appeal for teams and organizations when we pitch to them. Yes, revealing clips to get these cool, strengthening community with your fans is cool, but they all love it.
about the money for them. Right. And we understood that. So on Web 2 platforms right now, the middleman or the secondary broker essentially take it master really, really just
apes all of their ticket revenue. So to use some numbers to kind of understand this better, let's say the face value of a ticket is $100 and a sports organization, or excuse me, a sports organization gives all their ticket master or all their tickets to ticket master for $100 each.
The ticket master then goes and marks that up about 50%. So now fans will be paying $150 for a ticket that was originally $100 value. Upon checkout on these web2 platforms, there is a platform processing fee or some sort.
We dug into this. I'm honestly not sure what all of these fees actually go to in terms of their company. But anyways, these fees can then can tend up to be 30 to 40% of the ticket. So all of a sudden you take 150 and multiply it by 1.4. You know, you're close.
to $200 for a $100 value ticket. So this all comes down to just greeting us of ticket master and other Web2 platforms. So using this simple supply in the man, what we're going to do is, you know, organizations can sell tickets directly to their fans
through ticket tree. And what will happen is an organization that was selling their tickets to ticket master for $100 each can now actually sell directly to fans for $150. And it sounds like they're charging more money, but when you think about it, fans are currently paying $200 for the same ticket. So this is where
it's really appealing to organizations to kind of sell their tickets to a ticket tree is that you can 1.5x your ticket revenue while making it about 75% cheaper for fans. So this will drive this will absolutely drive attendance up at events and also just bring in more revenue and it's kind of
It sounds really simple and it is really simple, but there is a huge huge issue in the United States specifically right now. Take a master just dominating and having them to all play over the whole industry. They can kind of do whatever they want. This where fans are going to scammed, fans are paying too much and these super high
expensive tickets are actually killing attendance for a lot of organizations, which if you think about killing attendance, less attendance means less supply means they have to raise the face value of the ticket and the cycle continues. So that's what we've seen over the past 15 years, 15 or 20 years. And that's what we're trying to stop.
You know, obviously with the supply going down for the guys who have questions in the crowd will be doing a little bit at the end for you guys to ask the projects questions before I move on to River era. What I want to ask is how do
What does the value come back to the holder in this situation? So you mentioned that you are going to be doing a mint. Is there some sort of a revenue plan or how do you guys plan on contributing or at least how does this give value back to your holders?
Yeah, can you hear me? I can, but I think the question was for ticket to or me? Yes, no, it's for ticket. Did you get that one ticket? Oh, sorry, I thought that was for a river here, I thought. So yeah, no, yeah.
So how will our revenue come to the platform? It will be the same thing as web2 platforms. It's not super, super greedy and super extensive. We'll have low, I mean, no more than 5% fee on each ticket. And obviously,
realties from secondary market trades just like any other NF team marketplace, but we're keeping our teams very small. We have a small circle. We don't believe that our platform or company will require as many employees as these web 2 platforms, which is really what's kind of
causing those huge markups and platform fees. I mean, ticket master.
I think 8,000 employees and it's kind of like hey they're they're an online platform. What do 8,000 people do five days a week? So yeah, so
Our revenue will come through just platform fees, but it's at a lot smaller to scale. They platform fees on Web2. That revenue or a slice of that revenue will be given back to our NFT holders through
I got into a little personal information. I got into Web 3 about a year ago, actually right before the Foundersman, though my fulfillment. And it has changed my life. So, you know, people said, well, you don't really need an NFT project. And to me, it's always yes.
I just love the sense of community, I think having a presence in the ecosystem is huge as well. And I am also super, super bullish on just the whole future of NFTs. So for that reason, yeah, we're going to have an NFC project.
holders will get rev share. My favorite projects for the past year, 18 months or so have been rev share project because obviously I'm just a huge passive income guy. That's my favorite thing. So I said, you know what, I want to give that back to my community for supporting me and our startup along our journey.
Cool, yeah, I appreciate those responses. Guys again, you want to hit that bottom purple button. Let's get a retweet in the chop chop. There's cannot be enough chop chops on this birth app for sure. And I see you've tagged a tweet above you. You're given away a minefoot preset.
capital in your server. So guys if you want to join the Ticketree server and run yourself a pre-sale capsule, I think the floor price is probably about 11 sole, not too short. Cool, Riveriera. Lots of questions to ask you. Yeah. So are you guys going to be doing, I see
that you do have a general of NFT collection coming out as well. So how does that fit into your whole e-commerce platform? Yeah. So why do you guys need an NFT collection to build any commerce platform in this simple question?
The main aspect of the marketing and community is such a layman first, so I'm just going to go with the marketing. So the reason we are launching in NFT collection, the first one is raising our funding to build the e-commerce platform. And the second one is long-term marketing.
that we were planning, we've been planning from this beginning. What we are doing is we have, as I mentioned before, we have 20+ ecosystem partners. In those partners we have around roughly 50k to 100k holders pool. So what we are doing is we are marketing our
product, I mean the e-commerce platform, two, Web 3 people, also by giving some utilities to our partners. We are exposing our product more to the Web 3 people because just imagine how much you will be spending in order to market your or advertise your product in Web 3.
So firstly, you have to, it's all goes to the target point. So you have to find people that know Zrapsi that interested in WebSiri and that has enough money to invest in WebSiri, also who knows NFTs and also has to have enough money to hold on NFTs.
So when you calculate all those points, you will be looking at something around like 100,000 of dollars. What we are doing is we are just reaching out to those people by just giving all the utilities to our partners. The utilities that we are giving is not
It's not going to make us lose money. We're just going to be providing those utilities by cutting out from profit marches. For example, e-commerce nature is worse like this. You bring seller, list a product on your e-commerce platform.
they sell products so you take a certain commission usually between 5 to 15% commission from the product that is sold on the e-commerce. So what we are going to do for the sum utilities that we're going to be providing to our partners, holders, we're going to be taking instead of taking 10% commission just an example, we're going to be taking
maybe 9%. So by doing this we're just going to be cutting from our profit margins, not from our fundings. So also the community is the biggest part because you will need some great people to support you at any stage of the production. But at the same time you cannot expect
So that's why we have pre-mintrider utilities if you guys want to check. Holders at the video that xyz. So by launching NFT collections, simple answer, we are raising a funding for the e-commerce platform to
to build that and to keep it alive for a couple of months. Also, we are building our community on top of that, we are doing our own marketing. So we even do this marketing for the past six months. So that's the connection between NFT collection and e-commerce platform.
Got you. Okay. And you guys, how do you feel about specific blockchains? Obviously this is going to be on Salona, but do you guys feel that this is going to be more of a chain, agnostic project, or are you going to be focusing specifically on Salona and if so, for what reasons? So that's a great question. So also that's one of the
innovative things that we've managed to build and find a solution for the problem. So the e-commerce platform, a very sharp will be public and it will be cross-chain. Users around the world will be able to purchase products with their meta-mask, I mean Ethereum or
or Bitcoin, whatever crypto currency they want. So how we are going to be able to provide this facility is actually the idea, the innovative idea. How are e-commerce platforms going to work on the payment side? On the front end, we will be showing our users
Cryptocurrency prices let's say when customer I mean when the seller list the product with USD basis because they need a stable coin or they need a stable currency in order to sell the products because they don't want to be affected from the volatility of the market so when they list the product let's say $100
Our backend system will be converting that $100 to Solana or Ethereum whatever cryptocurrency user choosing. They will be seeing that equivalent of the price. So they're going to see let's say $5 Solana for $100 product.
So they will be able to choose the currency whenever they want. So when they see the product, so when they click purchase and when they confirm the purchase and when they send the product to our company wallet and the transaction is successful, our backend system will be converting that solano or ithering whatever
cryptocurrency into stablecoin. So by doing this we will be building our e-commerce platform onto stable ground. So we will not be on shaky ground. So there's no other business can be able to survive from shaky ground
So we will not be affected from volatility of the market. So if the flow of price, I mean if the price of Solana is going to be $5.00 tomorrow, it loses like 80% of the value, our big hand system will be updating the prices of the products each three seconds. So we will not be affected in any way.
Okay, cool. So from what I understand you guys act as a middle you build the platform for other people to sell their products using crypto. So you don't have a specific niche or products that you guys are going to be selling yourselves or do you have something that you're going to be adding to the platform as well.
We do not have any limitation on the products that we are going to sell on the e-commerce platform. What we are going to do is we are just going to do the natural way of the e-commerce platforms work. So how they work, as I explained earlier, we are just going to take this commission from the sellers.
So we are going to be bringing as many dropshippers, suppliers or B2B suppliers from around the world. So they will be just applying for the seller account. So when we accept their application, they will have to comply with KYC because we have to secure a cost
customers, customers, information, and also we have to prevent any type of scum in the e-commerce platform. So on the cellist part, all the cellists will have to comply with KYC. And we will not have any limitation on any product. So let's say if we brought
a seller that has $50 million across the earth of inventory, which we did grow e-commerce to company, they will be able to list as many products as they like. And it just the issue, I mean the not selling issue on the e-commerce product will be
a sellers problem not ours. We will not be taking any kind of bulk purchasing of any products. We will not be dealing with the warehousing issue. So it's all depending on the sellers. We will be providing this facility for the sellers to reach out to right people and we will help them to increase their market share.
That sounds cool. Will you still be doing web to marketing? I know from e-commerce social media marketing and even more specifically Google marketing is probably the biggest platform used. Will that still apply?
We will be using the payment system for the alternative. On top of that, we will be integrating the tribe payment system. Users will be able to pay with credit cards if they don't have any funds in their wallet.
to when we launch the e-commerce platform and then we go for the VCs and we raise more capital for the e-commerce platforms improvements and on top of that onboarding process will I mean the buyers there is no any limitation for the buyers any kind of requirement so when they connect data
that will be their already account and they will have to just input their name and surname and address to in order to ship their products. So those addresses will not be exposed to seller or the admins. It will be protected, it will be encryption protection.
So we will not be able to see any kind of customers information. How sellers going to ship this product will be working with UPS or DHL, a worldwide shipment company. So when you work with UPS or DHL, they give you special offers
So when they do give you this offer, they also provide their API or their backend system. So when we partner up with them, they will just give us the unique code or Vancellors sells these products.
So they will be getting the unit shipment ID. So our backend system will be assigning customers addresses without exposing to anyone into that shipment information. So what sellers are going to do, they're just going to ship the product, they're just going to hand the product
to any of the UPS or VHL officer and that said they don't have to input any kind of customer information. Also, on boarding part, let me explain that question too. We will request some information from the sellers, like some web2 information and some personal information
and also company informations because we will have to either pay them with tax or without tax. So then we will test all of those information, we will verify them by searching up in their national company's system.
Do you think they have companies else you can search for any kind of company information? So we're going to do the same. When we think that this seller is suitable for Revelia, we will request KYC for maximum production to prevent any kind of scam in Revelia that
So, yeah, you guys have thought about this quite a bit. Yeah, for me, the biggest thing is always going to be the onboarding. So, something else, the tokenomics, I know you guys are going to be launching a token RBA with your platform. What was the thinking behind, first of all, launching a token and
How is the token going to interact with your platform and your holders? Yeah, so the tokenomics will be updated. It's not recent version. So let me tell you that. So I don't want to go into details in tokenomics because it will be updated. So the reason why we are launching
It's just because of the short and return utilities. So as we know, we're going to need some time to build the e-commerce platform. So we have to hold this down one away. So we know the importance of the floor price. So we already built the short and return utilities. Are we talking? We'll be earned through staking. So when they stay
take the Reneftes, they will be earning R/V/A token. R/A tokens will be used and spent on holders market place claiming treasure chest or entering treasure chest also spending on the turtlers of Kanival. So they only use the area for
RVA will be on the holders market to play short-term utilities. RVA is okay, we will not have any kind of dollar valuation, so we will not be preparing any kind of liquidity pool because an estimate thing will not provide us that much of a funding.
They are holding religious spending our visa because on holders market place which will be simply free so whatever you earn we just want to we just launching a token of just to motivate our whole future holders to state their NFTs and they will be getting more utilities along the way and then we go for
for VCs and raise additional funding in exchange of company equity. We are planning to improve our RVAT token and providing liquidity pool, so our holders will be able to spend their RVAT tokens on the VIRROR shop, on the e-commerce platform.
Okay, so they actually will be able to use their token to buy products from your suppliers that are using your platform. Simply yes, the simple question will be yes.
in the future of course and our holders will be able to use our Vietokins just after midday so we're going to be starting with Thursdays of Cannibal then we will be launching Staking and Holders Marketplace so it will be ready to use but for e-commerce platform we will have to plan it so
So we don't show any kind of vulnerable, vulnerable tastes of on the economic part. So we have to plan it so deeply. So but in the future, yes, we are planning to provide a usage area for our Reatorkin in the future.
So in short time meter mutualities, I don't want to flex so much about the holders market, so it's just a traditional web 3 utilities. So it's not something for any collection or any project.
to flex on because it's so low cost to build so I just want to give this kind of information to all the listeners here to just be careful so it's not something to flex off we just needed to build something innovator and unique for our holders so all these markets will be usually first
So we will have many people living in different times zones and we have to find something innovative. So we decided on the treasure chest. So treasure chest is simply high risk high reward utility for our holders. It's not going to be a
First come first serve our holders will be able to unbox one treasure chest per one state NFT each weekend So we will be refilling the treasure chest a treasure chest each week and they will be able to earn some high reward utilities or maybe NFTs maybe products
All kind of things so it is kind of a ruffle system, but more innovative way Cool, that sounds really cool and I see you've also got future air drops Air drops is obviously being quite Important for a lot of nft projects historically. What do you guys have planned for that? Is that also I'm assuming hold this specifically?
What kind of benefits would you a drop scheme hold is? So the one thing certain about the air drops we will be most likely launching our second collection because previously we were castles of the video we had castles collection then I think 20% of
are turned into white listed people love the castles because they were OGs, they were supporting since the beginning. And so our holders will be getting some NFT collection age drops on maybe freemans and on the e-commerce part, then the partner up with a web 2 brand, we will be requesting some
some kind of products to give our to give to our holders. So, but what we mean by the air drop so when we go partner with WebTuber and we will be air dropping some products maybe some discounts close to our holders in your course platform.
Cool, that sounds really good. So I'm gonna ask you one last if you can drop us all your details about the mint when you guys plan on minting maybe your price when launch page might be using So we are going to be minting to 1/4th of January we have
5K supply collection we sold over 40% of the supply in just 3 days and we will be launched on Magic Eden, Launchpad. So that's our information. Our wireless minterise is 2-SOL and our public minterise is 3-SOL but I don't
think we will be even going for the publicment. So also I would like to say we have so many folks here and I think you guys have great community like Chop Chop and all the things. So if you allow me with all with all due respect, I would like to give you a big sum weightless pass for the video.
Because we always close our collapse. There is the only way they can get it from the events in the discord. So I would like to just give some some white despots for the folks listening here. Yeah, of course guys, chop chop. Let's see some reactions here and make sure these guys are paying.
attention. Yeah. See some nice pfp's here. There's even some mindings in the crowd. Yeah, so feel free. I don't know how many spots you want to give away, but you can just name them and then I'll, yeah, I guess they can join your discord. Yeah. Okay, so let's let's do it like this.
So I'm going to give usually I don't give more than like two maybe like three wireless spots but for you guys specifically I can give you like six wireless spots just follow mine folks and follow the video and take this
the screenshot of this space, go join our discord and go to the TVTourProof channel and post this screenshot that you are here. So I will be choosing six guys from TVTourProof channel. So make sure to follow MindFog and your video.
And six spots it is. Yeah. Awesome guys, you're the man. You want to get those whicled spots for a rear? And this is, yeah, this is a really cool concept. I think ideas like this are already going to start bridging the gap to where to sounds like. What's up, man?
Yo, are you there? Okay, maybe he's wronged. So, hello? Yo, what's up, man? How's it going? You got a question?
Good, good, thank you. I didn't really have one specifically planned by Blue Street device just must have launched a request for me to speak.
So, um, that's all right. Well, what's up, man? What I do have a quick I will give a quick statement. Uh, for sure. Regarding ticket tree. Um,
And that's just that that industry that's taking the industry is right for disrupting. And so when I joined the discord, it was like 200 people over this board. And it's been a great ride so far. Last week they had a
amazing update they updated their website. So everyone here should go to their website check that out. Everyone here should go through Discord check that out and read their white paper because it is so dynamic what is going on there. I'm just an enormous fan of
of the opportunity to be part of this journey. And quickly for ticket free, regarding fan engagement, could you build a little bit regarding
the take a tree app and how on the front end the experience for the user actually at the game compared to the back end and how the NFT will help give access to the fans more engagement
Yeah, yeah, you're definitely touching that really quick. It's a great question. So what we have is of course this is all just to block it like everything we're familiar with but web two people aren't. So essentially say you're at a game and you know it's half time whatever organizations could kind of go and air drop
Let's say free drink coupons or free drink receipts or whatever to the tigotry accounts. So that's one way that people will kind of be more engaged with their teams. Let's say it's half time in your game. You're going to buy a drink. All of a sudden your phone buzzes.
feel it and it says, "Hey, the game is starting again in 10 seconds, whatever, you don't want to miss it." The air drop so is what we really like. A huge thing that we're about is kind of just helping teams and organizations build their relationship with their fans because the fans, when it comes down to sports and events,
And you know, entertainment, the fans drive the business. There is no entertainment industries without fans. So, you know, how do we build a relationship with fans to be as strong as possible? And their user on the app, like it will be so simple for them to use.
earlier, you know, we really just want to be as web to as seem as web to as possible. Just to kind of bring familiarity to fans while they grow on to web 3. From our previous meetings, you know, we show them the platform looks like web 2 and then after we say, hey, what do you think about blockchain?
I don't really have any experience. You just used it. It was easy and you didn't think twice about it. So yeah, sounds like great question. We're all about building relationships with the fans. Yeah, Riviera, what's up? I have something for you as well, Riviera. I'll mention after. Oh, yeah, sure. So I just wanted to point out one thing.
We all have three projects building something that can generate external revenue. So all the folks listening, just when you choose an FT collection to mess or hold, just make sure that they have kind of a product that can generate themselves an external revenue.
And that's what we plan. That's what ticket to ticket to plan ticket tree my bad sorry plan so because You guys always heard 99% of the NFT collection is gonna fail because if they are depending on the royalty they just gonna fail eventually
because we have so many new, so many features coming up like no royalties, maybe royalties and so forth. So all NFT collections needs to have an external revenue to keep the product and NFT collection alive. So you guys have to be careful in that part. And because just
Just imagine how much can an FD collection generate from the royalties. And I think an FD collection is a great way of raising some kind of funding to build your dream or build your product. So just be careful in that part.
projects that can give you guys some external revenue and give to dare any state collection and external revenue. Like MindFolks, take a take a tree and also us. So just be careful in that part of course not a financial advice. The your own research and all type of things.
Yeah, that's a great point. I really like that. You know, something I've been digesting around in the ecosystem for a long time, and especially during, you know, the bear and all the troubles we went through this past year. The biggest thing I learned is that you got to invest in projects that are either changing the game or have outside revenue streams if you want to stay alive.
I think even though we've had a shitty year in terms of project and crypto, I think it weeded out a lot of bad projects, a lot of cash grabs, a lot of poor founders. I see founders up here like Riviera's founder and Ivan that are still here building for a common sense of good and to kind of accelerate Web 3.
bring people in from the outside. So I really appreciate that. Reveyor, I actually have a personal colleague from IRL that is huge into e-commerce. I mean, his store, I'm not sure exactly what he sells, what he does, but I know that he did tell me they've made about over 4 million revenue last year.
So I would definitely love to connect you guys to just I will love to that that's the best thing that I love about the NFT is just connect with new people I just love to connect with them just just hit me up the am we all the different or each other also I just want to say one thing the chop chop fucking coming
is just crazy, just waited so hard to improve channel. I just thank you all so much. You guys are just fucking crazy. I think one of the best amazes I have involved in. No joke. I'm not saying because I'm in this space, but just it's just something else.
We definitely be chopping. It's good to see so many main footpeafp's guys. So from each of you, first of all, thanks for joining Secondable. Could you each just choose one person in the audience? Guys, hit up some more emotions.
I've got a whitelist capsule for two people in the audience. Oh shit. Yeah, Revere, you can choose one and then Roddy, you choose one too. Oh shit. Okay, should I choose... Okay, I have to choose...
Okay, I'm scrolling down.
Kidnhymen, Kidnimon, or Kidnhymen.
Yeah, I'm scrolling through as well. I mean, yeah, I mean, let me make clear I'm a holder of mine folk. I love this project and damn I said I actually sincerely think I'm even trying to put my knife I sincerely think it's the best heart on so long that I've ever seen
I mean, this is just, I'm out of detail when you guys look into these PFPs up close, it's great, your gun does a really good job. I am going to choose Dr. A.B. from my Mind Folk Wireless capsule, so if you're here, just, yeah.
Awesome guys, yeah, so the guys were chosen just jump it out discord open a ticket and Yeah, the job of those mine mine for quite this cash. Okay, just a quick answer for for you I've been so You guys have three collections that I can see so I just want to why buy
like a couple of entities so what should I buy? Should I buy a mindful means links or maybe should I buy a like this capsule? A capsule? So I'm just gonna get some one or two NFTs just for my personal collection. Yeah of course that
So the lightless capsules give you the lightest for the upcoming Renaissance Mint which means obviously on Mint Day you still going to have to pay the Mint C but if you want to go straight to being able to mint on Mint Day you can buy a pre-sale capsule so those are on the Mint capsule collection
All you can buy at tier 3 which is 1 min and in tier 2 is 2 min and tier 1 is 2 min and you get your OG mind folk. So it depends but if you want whitelist then get a whitelist capsule, if you want to get a pre-sale capsule then on min day you'll be mincing for free.
gonna get some presale capsule. Let's go chop chop. Okay, my fault mint capsule that's what I'm gonna get right? Yeah, that's the idea. Tier 3 or presale. Okay.
Awesome guys, it's been a pleasure having both of you on some really cool web to application ideas. I think these are very interesting projects to be working on at this point of time. I think in the future we're going to see a lot of integration and I see
something that you guys mentioned from both of your sides is that I don't think blockchain technology is going to be the way that we see it now. It's not going to have the same language, it's not going to have the same look and feel as the way we've experienced it. I guess because we've been here for some time and we've been here from the beginning and still
I remember opening my first wallet and how crazy it was and the whole experience was quite scary. In the future, it's going to feel like anything else. User experience is going to be completely blurred. Both of your projects have got some really cool applications in their response.
So yeah, I wish you guys luck and thanks for giving us a time. Thank you so much for reminding that was one of the best experiences. I also baked the kudos to Chop Chops.
I really do have shit. Every one of you. Thank you. Cool. I'm gonna hit the honor track and enjoy the rest of your evening, your day, your morning, and I'll catch you guys tomorrow. Thank you. Thank you. See ya.