I. Executive Summary

Non-fungible tokens (NFTs), a blockchain-based tool that allows anybody to monetize digital material, may appear to be a fad, but with over $10 billion transacted in the third quarter of 2021 alone, it's become evident that this fledgling technology is evolving into a significant industry. Even if the NFT business has enormous potential, it brings the possibility of cyberattacks and online fraud along with a standard method for evaluating NFTs that results in wild fluctuations in their price.

[Company Name] will provide a community-first digital marketplace for crypto collectibles and non-fungible tokens (NFTs) where both individual creators and firms can sell, transfer, and trade NFTs in the form of data, like art, photos, memes, videos, music, and other types of digitalized media, just like any other online marketplace. The Company will harness cutting-edge technologies and new marketing techniques to reach and retain its demanding audiences. The online marketplace will be free to access and use, and the company will charge a reasonable fee when someone buys and sells an NFT.

The [Location Name]-based organizations seek to provide technologies that enable customers to freely trade their goods, producers, release new digital creations, and developers to create robust, integrated marketplaces for those creations. 

[Company Name] is led by [Founder’s name], an information technology professional certified in Ethereum Decentralized Application focused on Ethereum/Solidity. He has over xx years of experience working with leading marketplace businesses. He is skilled in Solidity, Business Development, and Blockchain technology. He seeks to create an extraordinary impact in the NFT marketplace industry.  

When it comes to NFT, there is indeed a wide range of available customers. [Company Name] will majorly target early NFT adopters, who are generally millennials already involved in Cryptocurrency and define themselves as “crypto artists. It will also cater to big brands and celebrities seeking to enter the NFT market.

Decentralized and Non-permissible – The NFT Framework is to optimize the benefit (and minimize risks) of digital asset ownership and trading. The Company’s core technologies will depend strictly on the Ethereum blockchain and automated smart contracts so that NFTs are purchased with the Ethereum blockchain token, Ether.

Less Costly Fee Exposure – The online marketplace will be entirely free to access and use, and the company will charge a reasonable fee when someone buys and sells an NFT, as well as network fees for SNFT transfers.

Incentivization and Rewards – Community is almost everything. The Company’s marketplace will focus entirely on rewarding early adopters for their valuable contributions through various incentives and reward schemes designed to support successful creators, sellers, and buyers.

1.5 Financial Highlights