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Idea Overview:
Digital asset company that monetizes the most exciting moments at live events as non fungible tokens on the blockchain. Each moment becomes a collection and a valuable experience that can be remembered forever. Out motto is "Treat every moment like it's your last." While this may be just a catch phrase to some, I believe D.O.E will change the way people view moments as assets rather than just memories on their phone.
Who might use it/where it might be used?:
College students and live attend consumers that are 21+. I see my platform being used to monetize content as a digital asset at any major festival or nightclub.
The Market (B2B, B2C or Both):
Both
Sector the idea belongs to:
Information technology
Is there a similar idea to be found?:
There is currently no other business competing in this space.
Why you think there is a demand for your idea?:
I started this project back in spring of 2022 when I saw the first profesional sports nft live moment was minted with NFT U and NBA Top Shot, I knew immediately that the use of NFTS had merely scratched the surface. I decided to turn my idea into reality. D.O.E when launched, will be the 1st platform globally to offer digital collectibles featuring celebrities, music artists and actors as verifiable digital assets. I believe there is a demand because of the growing market for short content on Tik Tok and Instagram reels.
Who would be the ideal customers?:
Young adults, impulse buyers, music and pop culture fans are our main demographic. Additionally millennials to gen x adults who have careers that frequently attend venues and are active on social media. The current NFT market size is expected to reach as much as $35 billion in net sales volume. Based on its current growth rate, reputable sources forecast the NFT market to grow to about $80 billion by 2025. The market size, measured by revenue, of the Bars & Nightclubs industry is $26.7 billion. People with annual incomes of less than $25k invested in NFTs at a similar caliber as those with annual incomes of greater than $150k. Of that demographic many are especially interested in buying NFTs that they can collect and hold onto for a long time.
What ideas do you have to reach these customers?:
Our goal is to bridge the gap between crypto, art, and consumers of live events via a web 3 marketplace, instagram twitter and discord. Therefor, my first idea is to create a purchase funnel where a consumer can see an advertisement on Instagram and directly buy a collectible with apply pay or debit or credit card and have the asset on their apple wallet and on chain.
How far have you developed this idea?:
Working on a no code solution to create a demo of the marketplace. The demo will be an outline tho reflect the smart contract for the decentralized web 2.5 application.
What – if any – feedback have you had for this idea so far?:
So far the feedback has been positive of the idea but critical of the feasibility of the execution end of getting funding and scaling the business.
What supporting material – if any - would you like to add to your proposal?:
https://www.canva.com/design/DAFbIyKVBbw/3jXDafN2CoXU390e5cYvMQ/watch?utm_content=DAFbIyKVBbw&utm_campaign=designshare&utm_medium=link&utm_source=publishsharelink

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