At TKKR, we believe that the best way to move blockchain forward is by connecting the physical and digital world.
Almost everyone collects something, whether it’s baseball cards, stamps, watches or cars the global collectables market exceeds 370 billion dollars and growing. The majority of this market cap is made up of purely physical collectables. However, physical goods create a long list of problems for collectors, creators and investors. Additionally physical good limit participation in these markets. At TKKR, we aim to connect collectors and creators by building the infrastructure to bring real world collectables to Web3.
Outline
This Litepaper for the TKKR platform, will outline the technology, goals and roadmap for for TKKR. We will cover the following subjects.
· The vision for the platform
· The product and technology
· Growth strategy
· Background of the company + team
· Roadmap
· Disruptive opportunities
This is a living document and will most likely be updated regularly.
Vision
TKKR, a member of the global WatchBox family of companies, is a new platform which bridges the gap between the world of physical and digital luxury collectables. It will accomplish this by taking custody of physical luxury collectables, storing the physical version securely, and creating a transparent digital version (an NFT) of the item on behalf of the owner.
By holding items in custody, TKKR can guarantee the authenticity and condition of every item, facilitate frictionless transactions and enable new classes of digital collectables for anyone worldwide.
Product and Technology
The TKKR platform will facilitate the connection of the collector and creator by
- Turning digital collectables to physical (visa versa). While ensuring safety of the physical collectable.
- The TKKR platform will facilitate the collectability + liquidity of the NFTs.
Core Platform Functionality
· Consistent authentication, rating, storage, and handling of all physical pieces taken in by TKKR
· The creation of physically backed NFTs on Polygon.
· A peer to peer marketplace to facilitate liquidity between collectors
· Facilitating user redemptions of NFTs for physical
Technology
NFT Creation / Minting
TKKR is a platform, and thus does not own any of the collectables on it, but will be working with select partners (and eventually all approved users on platform), to source high quality luxury collectables.
Each collectible will then be inspected for authenticity + condition and given a detailed rating.
This rating information will be paired with a ultra-detailed digital 3D model and minted into an ERC-721 NFT on the Polygon blockchain. [Details on Polygon]
Purchasing, + Trading
At launch TKKR will work directly with our partners to source collectables for sale on the platform. Sales on the TKKR platform are structured as either “Drops” or “Auctions” both of which are facilitated via of NFT infrastructure.
Drops — A drop is a limited release of a collectable offered on a first come first serve basis for community members.
Auction — An auction is a public sale in which the collectable is sold to the highest bidder.
Additionally, TKKR will launch a peer to peer marketplace on the platform to enable users to safely and frictionlessly buy+sell collectables between one another. However, this functionality will not be available at launch, and will be a subsequent feature set on the platform.
Redemption
Every TKKR NFT is not only the digital representation of a physical collectible, but also transfers ownership of the specific underlying physical collectible. Because of this the owner of any TKKR NFT has the right to redeem their NFT with TKKR and swap it out for physical delivery of their collectible.
If the NFT owner would like to take physical delivery of the collectible, they will elect to redeem their token, TKKR will work to verify the necessary information for delivery or pickup.
At this point the owner will return the NFT to TKKR, the physical collectible will be shipped out, and the NFT will be burned.
Why does the NFT get burned on redemption? Why can’t I have both the physical collectible and the TKKR NFT simultaneously?
Once the physical collectible has left TKKR’s custody, we can no longer attest to its condition, state, or security — thus, the NFT is unable to exist and must be burned.
The Physical Layer
Inspection + Rating
· Once an item is in TKKR’s custody it will go through a thorough inspection by one of our in-house watch experts. The inspection will cover verifying authenticity as well the watch’s condition.
· Each piece will be given a rating based on our standardized rating scale, based on the condition of the watch. This will include a final overall grade as well as detailed insight into condition of different aspects of the piece as well as details of any potential imperfections
· After rating, the item will be placed in a sealed protective container
Storage, Security, Insurance
· All physical collectables are kept in a secure storage facility located in Delaware. We work with world-class partners who specialize in the secure transportation and storage of high-end valuables, art, and other collectables to ensure the security of all pieces.
· All of our physical collectables are fully insured against fire, damage, theft, and other loss. If something unforeseen happens and the physical collection is damaged, the owners (via owning the NFTs) will be compensated at the full market price.
· TKKR will be working with a 3rd party auditing firm to ensure integrity of the process and publish periodic statements validating physical inventory matches outstanding NFTs.
Growth Strategy.
TKKR’s growth strategy is focused on community, marketplace and collaboration.
Community
- Create a core community of members passionate about watches and digital collecting.
- Provide value to the core community members through unique content, online events, IRL events, watch deals, early access to limited runs and access to watchmakers.
- Incentivize participation and contribution to community members.
- Create a vibrant community that creates unique value for the members within it.
Marketplace
- Curate marketplace of high end, in demand collectables.
- Purchasing an NFT on the marketplace, enables exclusive access to more value.
- Working with our partners we’ll bring inventory to the marketplace as well as provide liquidity.
Collaborations
- Collaborate with creators, watchmakers and brands for mutually beneficial opportunities
Team
Brian Swedenberg : Co-Founder +General Manager
Justin Reis: Co-Founder +Board Member
Devin Bousquet: Lead Product and UX/UI Designer
Roadmap
Feb 2022 — TKKR Community Launch
April 2022 — TKKR platform launch, limited releases exclusive to platform.
May — June 2022- Continued drops and auctions of NFTs on platform.
· Facilitated liquidity for collectables on platform.
July 2022- Peer to peer marketplace launch.
August-Dec 2022 –
· Exclusive events, additional partnerships, preproduction drops, community watch creation.
· Defi integrations with lending/borrowing platforms, potential DAO and $TKKR token.
Disruptive Opportunities
By bridging the gap between digital and physical ownership TKKR opens the door to a plethora of opportunity.
- Disrupt the existing business model of independent watchmakers to allow for presales to fund production and the ability to capture residual value from future sales.
- Worldwide access to collectables. Now regardless of geographic location a collectors may purchase or sell a collectible via the TKKR platform.
- More efficient markets. By enabling access to a wider range of collectors, we enable price discovery of collectables.
- Potential for community ownership of rare and high end pieces.
- Partnerships and collaborations. At the beginning we’ll be primarily focused on bringing physical collectables on chain. However, the opportunity may present itself in the future to bring on chain collectables in the physical world. We’ll be uniquely positioned to enable this.
