Parity x VereNFT AMA Transcript — 18 May 2022

Catch Alan Vey, Executive Chairman & Co-Founder from VereNFT, and Lauren Gibbs, Spokesperson and Director of Parity, in an AMA session with the community at VereNFT.

In case you missed the AMA, here’s the transcript where you find Alan and Lauren discussing details about the partnership. Give it a read to find out more about the VereNFT infrastructure, the interesting story about how it supports the Parity NFT Marketplace and how it differentiates when compared to other competitors.

Video AMAs

• For Lauren Gibbs👉 https://www.youtube.com/watch?v=6h98s2pRkng&list=PLywTLCSQ8F6LI2aSHWoeoCeW-ty6ohXZ3
• For Alan Vey👉 https://www.youtube.com/watch?v=2TqeeHLghzw&list=PLywTLCSQ8F6L1y4VFpfCLINS3-I9YaXRS

Telegram AMA: Lauren Gibbs

VereNFT: Before we open the floor for live questions, can you please give a brief introduction of yourself for those who have just joined?

Lauren Gibbs: Hi Everyone! I am Lauren Gibbs, the Spokesperson and Director at Parity. i’m really glad to join you all here today!

VereNFT: Amazing! Thanks Lauren 🙌

For those of you who may not know, she was named to the U.S. Olympic team for the 2018 Winter Olympics. Lauren won a bronze medal at the 2016 bobsled world championships, and with Elana Meyers Taylor won a silver medal in the two-woman event at the 2018 Winter Olympics. In other words, she’s a big deal 😉

Question: What are the most important and immediate NFT goals for Parity in 2022?

Lauren Gibbs: Right now we are focusing on giving all of our 700+ Parity women athletes the access and opportunity to create and sell their own NFT. We want to make sure they can produce and sell and NFT successfully and get paid to do so.

Question: What are the main value drivers for female athletes to join the Parity NFT marketplace?

Lauren Gibbs: We want to make it simple for women athletes to create and sell an NFT. We take care of the entire process for them with the help of VereNFT. So even someone with very little technological knowledge of how the process works can create an NFT offering to share with their fans.

Question: When is the next big date for Parity NFT that we should be aware of?

Lauren Gibbs: We have new NFT’s drop weekly. Our upcoming projects are looking to work with teams and federations.

Question: Will you create a sports NFT marketplace which is tailored to both male and female athletes?

Lauren Gibbs: Parity is focused solely on women athletes because there is currently such a disparity in opportunity and pay for professional women athletes

Question: What makes you choose to collaborate with VereNFT instead of with other whitelabel marketplace providers?

Lauren Gibbs: They understand and support our mission and make easy for someone who may not be technologically inclined to create and sell an NFT

Question: What is your project story, and how did the team come together to build this NFT marketplace?

Lauren Gibbs: For Parity we began to see the NFT space growing quickly, but most of the athletes we saw cresting and selling them were men. We wanted to create an opportunity for women to grow involved.

Question: What motivates you personally to do better when you are about to compete?

Lauren Gibbs: I love the feeling of my hard work paying off. It’s an in rebel feeling to work hard and see and feel the results of that hard work.

Question: Does Parity have any utility NFTs? What is your plan to provide digital twins NFT?

Lauren Gibbs: Right now Parity is in the first phase of entering the NFT market. We love the idea of Utility NFTs and is working a lot on it behind the scenes. So we will definitely roll it out at some point in the future! Please stay tuned to our social media for updates! The same goes with digital twins NFT, we believe that the physical world and virtual world are interlinked, so we are exploring in this field as well. NFT is not just an art or JPEG, it is something real and provides values, so definitely Parity is looking into Utility NFT and DIgital Twins!

VereNFT: You did justices to those questions.👌

Thanks Lauren!🙌

And thank you for joining us today!

Lauren Gibbs: Thank you so much for having me and thank you to everyone who asked a question.

If you are interested to create your own branded whitelabel NFT marketplace with VereNFT, like Parity does, please contact info@verenft.io

Telegram AMA: Alan Vey

This time for CEO Alan. Welcome Alan!

Alan Vey: Hey Everyone! Thanks, good to be here.

Question: When athletes create their NFTs, would they be able to have a contract allowing a % of their earnings from advertising/promoting/featuring to whoever owns a portion of their NFT? Could even work with designs, logos and whatnot. Can earn when used on clothing, billboards etc. Contract holds as long as the person who created the NFT still owns majority of the NFT. Imagine Lebron James creating an NFT! Is this a thing?

Alan Vey: Yes technically speaking this is possible however it is a difficult one from a regulatory perspective. Fractional ownership of NFTs and revenue streams associated with NFTs often fall into a classification of a security and thus come with all the red tape around them like KYC / AML etc.

Question: Do you have any plans to attract non-crypto investors to join your project? Because the success of a project attracts more investors who haven’t yet entered the crypto world. What are the plans to raise awareness about your project in the non-crypto space.

Alan Vey: Yes we have loads of new partnerships coming and you can imagine even the likes of Parity attract a greater audience than just crypto. We have one of the most well known movies of the last 10 years coming soon, also an art project around the Queen and much more.

Question: Can you share some Details about Recent Major Achievements done by your project? Also, what are the Future Roadmap & Targets of your project?

Alan Vey: Going live with Parity we see as one of the major achievements and then my previous comment gives you more of an idea of what’s to come. Future roadmap includes batch NFTs, we have the capability for KYC / AML bolt ones now, also regulated custody and insurance for those who want it too

Question: How do you convince investors that nft is not just a trend and explain the future of the field?

Alan Vey: I think the world is doing a great job of most of this already. Twitter & Instagram are moving to support NFTs, Youtibe has made announcements about their plans. NFTs are here to stay

Question: Current NFT is a hot topic, but are NFT not just for art. Does your project think that more real world use cases will emerge for NFTs as time goes on, why should we take NFTs seriously?

Alan Vey: Yes we have already seen all sorts of utility emerge around digital marketing strategy, real world blurring with the digital in the form of Fanclub or membership models like bored ape yacht club, we saw Nike crypto kicks where you can breed your NFTs and get the real world item etc

Question: I need to know your plan on how you intend to attract users to your platform from all over the world, be it crypto and non crypto enthusiasts? Currently are there any regional and legal limitations to using your project?

Alan Vey: Through big partnerships with known brands and important causes like Party. Yes the world is still finding its feet on regulation as one of my previous points touch on especially when it comes to banking but it is moving the right way and some countires are establishing themselves as hubs for this activity

Question: To what extent does VereNFT support the Parity NFT marketplace?

Alan Vey: VereNFT provides all Tech, maintenance and advice too

Question: What is your top 3 things for priorities in the end of Q4 2022? Could you share some plans for the upcoming year?

Alan Vey: Partnerships, feure evolution to some of those discussed here and fund raising

Question: many projects have problems with UI and UX and this one turns off new users. How do you plan to improve the interaction with new users and with users outside the crypto space?

Alan Vey: Please have a look at the parity marketplace. Fiat on-ramps exist and the flow is simple and easy. We aim to continue developing with UI / UX at the forefront of things

Question: Tell us about your team members and their experience in crypto space?

Alan Vey: Me, Alan Vey, founded Aventus a layer 2 Ethereum blockchain now parachain to be, with applications spanning live even ticketing, supply chains, video games, loyalty and NFTs

Andrey BROZHKO, CTO, Ran hunder person engineering teams at oracle taking them onto the cloud and built R3 corda enterprise

And lots of other talent.

Question: Looks like VereNFT doesn’t have its own token. When do you plan to launch your own token and probably create a DAO behind it?

Alan Vey: We don’t. Our clients may chose to but we see ourselves as the infrastructure so we will enable others to do so

Question: When buying NFTs from your platform, can it be stored in a MetaMask wallet or where is it stored?

Alan Vey: It can be stored in any polkadot compatible wallet

Question: Another idea which I’m not sure if VereNFT or Aventus is already working on to do with music artists:

A marketplace built ontop of VereNFT which allows all major music artists and bands to sell tickets directly to their fans as NFTs. A market place owned buy artists.

•A small % cut could be taken from each ticket sale to allow VereNFT to maintain the platform, the rest goes to artists.

•Also allow artists to set max possible ticket resale value to reduce scalping.

•Allow artists to set a % they receive for each resale.

•Only allow accounts to buy which have gone through KYC so should prevent bots buying and hoarding tickets.

•Intergrate vCurrencies into the platform to allow fans who buy merchandise from the artist/ band to receive vCurrencies cashback specific to them, to spend on their future tickets or merchandise.

Alan Vey: Yes excellent idea and already in the works although primarily focused on sports tickets for now with music to follow

Question: Can you list 3 killer features of your project that make it ahead of competitors? What are the competitive advantages that you feel most confident about?

Alan Vey: Using Aventus since this gives the interoperability, speed and cost efficiency. Working with Flint and Steal as our strategic marketing partner, because this means we can do epic drops with our clients who use this option. Partnering with Aegis our US / HK regulated custodian to provide the gold tier of NFT marketplaces where desired.

Question: Would NFT options be something VereNFT could possibly Intergrate in the future?

I.e If you purchase a NFT with X criteria, Y occurs. So if you buy a NFT from a parity now NFT before they win a big competition and they end up winning Y competition, the output occurs which could be an additional reward for the NFT holder.

Alan Vey: Yes this is interesting however the reward needs to be non financial in nature to avoid regulatory issues. Also we are looking at dynamic and nested NFTs so that if some external event occurs the NFT reacts to that

Alan Vey: Thank you everyone for the questions, that’s it from me for now!

VereNFT: Thank you very much Alan for taking out time to answer these questions!

VereNFT: Thank you everyone! This is our first AMA and such a great experience with all of you! ♥️

More AMA will come soon! 😃

If you are interested to create your own branded whitelabel NFT marketplace with VereNFT, like Parity does, please contact info@verenft.io

About VereNFT

Powered by the Aventus Network, VereNFT is an enterprise-grade whitelabel NFT platform that supports established businesses in the creation of their own NFT strategies. Its solution is deeply customisable and flexible, enabling businesses to create a completely bespoke marketplace. To date, VereNFTs use cases span art, music, video games, film, sports, horse racing, data and many more.

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