The Next Generation of NFTs — Where Tangible Value Rules
While blockchain technology and Non-Fungible Tokens (NFTs) are growing in popularity, we find the ecosystem is plagued by several challenges, including empty promises, anonymous creators, and scams. One new NFT project, Swanky Space Squad, (SSS) is out to change all of that. The goal of SSS is to push the limits of Web3 while growing the real-world intrinsic value of their NFTs. This is accomplished by coming to market with attractive Metaverse-compatible 3D Avatars that are backed by access to real-world assets.
VALUE
“Price is what you pay, value is what you get.” This famous quote by Warren Buffet is relevant given that Swanky Space Squad is offering a Free Mint on it’s Genesis Edition — even though the true intrinsic value is significantly higher. The end goal is to use the NFT community’s collective buying power to negotiate and gain access to a multitude of products and experiences. However, just like Amazon.com started by selling books before they expanded, SSS will start by providing access to gold, silver and diamond jewelry — and then branch out to other projects over time.
Let’s go through the real-world value proposition in detail: Digital Access Certificates (DACs) will be issued to all SSS holders on a periodic basis. DACs provide the ability to buy, sell, or trade access to gold, silver and diamonds. These certificates will offer access to fine jewelry at Manufacturers’ Pricing. A DAC is “burned” for a one-time use on a single piece of jewelry. DACs are tradable NFTs, but they only work when paired with an SSS NFT.
How much is an SSS + DAC NFT worth?
It’s hard to come up with a specific monetary value for any NFT based off of future Metaverse, community and virtual utility promises. Swanky Space Squad came up with a way to protect and grow the NFT holder’s investment. SSS has real-world utility that is based off of access to valuable assets in addition to the often-promised digital realm benefits. On a fundamental basis, worst case, an SSS NFT should be valued at the difference between the price of the NFT and the jewelry savings provided. It’s useful to note the intrinsic value of the SSS NFT increases as the price of the desired jewelry piece increases, and subsequently both the wholesale and retail markup increases as well. In simple terms, the DAC deletes the wholesale and retail markup. It brings the cost of acquisition right down to the manufacturing price.
For example, a DAC + SSS NFT could save $30,000 on a $50,000 piece of jewelry. What would you be willing to pay for an NFT that would save you $30,000? If the price point of the jewelry is lower, let’s say it’s $9,000, you may only save $4,000–5,000 and then the intrinsic utility-value would be lower. The higher you go, the more worthy your SSS NFT will become!
DACs can be sold to other SSS NFT holders. DACs carry their own value and are a great way to exercise free-market principles as well as arbitrage opportunities. Theoretically, an SSS holder with multiple DAC NFTs could start their own jewelry wholesale/retail business and sell jewelry to others straight from the manufacturer. Selling jewelry isn’t for everyone, so SSS holders can also realize a profit by selling their DAC to another SSS holder without losing the original SSS NFT.
Aside from the tradable intrinsic value, SSS holders may want to enjoy the jewelry perks themselves. Gold has outperformed the S&P 500 over the last 50+ years.
Below is the chart of Gold vs. S&P 500 (March 1971 — May 2022)
How do the Digital Access Certificates work?
Swanky Space Squad NFT Holders are encouraged to shop for fine jewelry anywhere. It can be an online or brick-and-mortar store. Approximately 90% of the jewelry found worldwide is eligible. Once the desired piece is selected, the SSS holder then logs into SwankySpaceSquad.com and puts a request in for that piece to be made. This piece will then be made for the SSS holder at the jewelry manufacturing center, and there will be zero markup or profit to the company on this piece. The SSS holder only pays material + labor. That means zero wholesale as well as zero retail markup!
In order to protect the value of the underlying NFT, Swanky Space Squad does not want the exclusive DACs being used for minor jewelry pieces. A requirement for using the DAC is that it must be spent on jewelry that retails for at least $4,000.
Who is manufacturing the jewelry?
Charles Collection, LLC. has been manufacturing quality jewelry for almost two decades and serves both the high-end wholesale and retail market. Their online retail store, CharlesJewelry.com, has served thousands of clients. All pieces come with a manufacturer’s lifetime warranty. The company was founded by Charles Butler, MD, OLY. He represented the United States in the 1998 Nagano Winter Olympic Games before starting the jewelry company. He then attended Medical School at New York University and works as a doctor part-time while overseeing jewelry manufacturing full-time. Charles plans to bring his unwavering commitment-to-quality and can-do attitude to the NFT Universe.
COMMUNITY & IDENTITY
With Swanky Space Squad, the founders envision an ecosystem where collaboration rules and community members work together to re-imagine the NFT space. As the project launches, SSS will recruit community members interested in transforming the Web3 space with NFT dominance through value-based development. People already interested in joining include leading entrepreneurs, CEOs, rocket scientists, small-business owners, musicians, doctors, artists, lawyers, firefighters, students, and so many more. They share the dream of coming together to drive this revolutionary project.
Swanky Space Squad’s leadership team strongly believes the secret to success is supportive teamwork. All who want to be part of this visionary project are welcome to join, making it truly a project by the community for the community, the way blockchain should be.
Beyond community, individualism is also important. According to Broadband Search, the average American spends more than 2hrs per day on Social Media. This time spend on virtual networking, communicating, working, playing, as well as status validation is only increasing. NFTs provide an easy way for people to associate with a group that has similar values while still developing a unique and respected online identity. Swanky Space Squad intends to use it’s exclusive perks for its holders’ benefit. SSS aims to be the Ferrari Club of the online world with a strong community, beautiful art, and virtual as well as real-world utility.
The rest is secret for now… #GetSwanky
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