Darabase
Darabase is an NFT marketplace that enables property owners to register their properties in the Darabase ecosystem and benefit from AR advertisement placement. They are also free to trade their property's digital rights in the form of NFTs, with other darabase.io users and establish a steady royalty based income.
Technologies:
AR, Polygon Blockchain
Deliverables:
Design, Prototype, MVP Launch
Date:
2020
Preview:
www.darabase.com
$3M
Equity raised
38
Countries with listed properties
Key Facts
$3M
Equity raised
38
Countries with listed properties
Problem
Statement
In light of their extensive experience in the AR realm, the Darabase team identified a significant gap - no established platform or standard exists for defining the rights related to physical properties within the AR domain and the rapidly expanding Metaverse.
Solution
Recognising this challenge, Darabase approached Tech Alchemy to develop a platform that seeks to solve this problem and become the authority on property digital rights governance within AR and the Metaverse.
Features
KYC Verification
Integration with Sumbsub allowed for efficient and secure KYC verification as part of the onboarding process. Following sign up, users are required to complete KYC verification to gain access to further functionality on the platform - this include the ability to list properties, as well as rent, buy or sell NFTs.
NFT Marketplace
Users are able to mint their property NFTs with details of the property and ownership verification, with the metadata securely stored on IPFS. Users are able to seamlessly transfer these NFTs within the platform in the case of a property sale.
Property Digital Rights NFTs
For any property NFTs on the platform, users can mint their Property Digital Rights NFTs - these can then be traded on the Darabase primary or secondary market in both sales and auctions. For all sales of these NFTs, the property owner will receive a percentage royalty that is configurable by the Darabase admins.
AR Campaign
On the platform, users can manage AR campaigns to display on the property. AR advertising establishes a revenue stream for property owners, with earnings distributed proportionally based on their ownership share of property digital rights NFTs.
APP Features
KYC Verification
Integration with Sumbsub allowed for efficient and secure KYC verification as part of the onboarding process. Following sign up, users are required to complete KYC verification to gain access to further functionality on the platform - this include the ability to list properties, as well as rent, buy or sell NFTs.
NFT Marketplace
Users are able to mint their property NFTs with details of the property and ownership verification, with the metadata securely stored on IPFS. Users are able to seamlessly transfer these NFTs within the platform in the case of a property sale.
Property Digital Rights NFTs
For any property NFTs on the platform, users can mint their Property Digital Rights NFTs - these can then be traded on the Darabase primary or secondary market in both sales and auctions. For all sales of these NFTs, the property owner will receive a percentage royalty that is configurable by the Darabase admins.
AR Campaign
On the platform, users can manage AR campaigns to display on the property. AR advertising establishes a revenue stream for property owners, with earnings distributed proportionally based on their ownership share of property digital rights NFTs.