ClubRare: Expanding to the Ethereum Network
ClubRare is a luxury limited-edition NFT marketplace allowing the owners of premium collectibles, such as handbags, watches, sneakers and other hard-to-find merchandise, to issue a Non-Fungible Token linked to the physical item.
ClubRare opens the opportunity for collectors to bid on the NFTs dropped in the marketplace, then in case of auction winning they are given the NFT representing the physical item. Its model provides exposure to premium and rare items, the convenience of NFTs, and liquidity to collectors.
Expansion to the Ethereum Blockchain
In the first quarter of 2022, ClubRare is expanding its NFT marketplace to the Ethereum network after validating its Product-Market Fit on the Klaytn Blockchain.
The experience of ClubRare users accessing the NFT marketplace on the Ethereum Blockchain is similar to the users accessing it on the Klaytn Blockchain. Moreover, all the transactions details, on the Ethereum network and the Klaytn network, can be viewed, respectively, on EtherScan and KlaytnScope.
On the ClubRare marketplace, users have access to the following features:
- Collect NFT’d luxury items.
- Get the digital ownership of the NFT minted.
- Sell the physical & digital luxury items through the ClubRare marketplace.
- Store the physical item in the ClubRare Warehouse.
- NFT Sales Insights.
- Ask for the item to be delivered to you, or store it in the ClubRare Warehouse.
- Place bids on auctioned items.
ClubRare’s Governance Token: AGOV
The AGOV Token is a governance token mainly used to determine the operating policies of ClubRare. It can also be used to trade ClubRare’s luxury, limited NFT’s.
Learn more about the AGOV Governance Token in our previous article
ClubRare Metaverse
The dedicated metaverse platform scheduled to be released by ClubRare is a personalized mini metaverse that can be connected to other metaverse platforms. Individuals and anyone who wants to promote their brand can create a mini metaverse through ClubRare. Users can decorate both inside and outside of their mini metaverse to suit their identity. The mini metaverse is one axis of the AGOV token economy.
ClubRare Metaverse’s Utility Token: MPWR
MPWR is a utility token commonly used at ClubRare’s Metaverse. It allows users to display their physical NFTs in their showcase and also convert the physical products they own into NFTs and display them in their personal Metaverse showcase. The users can create their own customized showcases by decorating them with various physical NFTs and interior elements.
MPWR’s utility is also about it being the reward of ClubRare Metaverse’s Guild Battles, Quests, and Contests.
Learn more about the MPWR Utility Token in our previous article
ClubRare NFT Collection: Lazy Leo Club
Lazy Leo Club is an NFT project that aims to become the VIP community of ClubRare, the first shopping Metaverse platform. ClubRare plays a pivotal role in operating Lazy Leo Club. While the drawbacks of anonymous NFTs are being magnified in the NFT market, Lazy Leo Club stands tall as a global NFT project led by ClubRare, which provides a strong physical NFT marketplace platform and a shopping Metaverse platform.
Lazy Leo Club 2.0 will start setting up a whitelist in March. The project will be initiated as an unprecedented global-scale NFT project with utility functions linked to actual services and aims to form an NFT-based DAO in the long term. A series of partnerships and whitelisting opportunities for derivative NFT projects will follow in the future.
Learn more about the Lazy Leo Club 2.0 in our previous article
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