Celebrity NFT Management Company (JV)
Tokau is forming a JV with digital bank Paybby to create a US based NFT company that will be responsible to acquire NFT rights to celebrity contracts and exploit the value for the benefit of creators and the Tokau ecosystem. The JV will be the NFT merchandiser and payment portal for consumers and fans. The JV will operate an ecommerce site that accepts a full range of payment options and globally available. It will also introduce rewards and benefits to users such as staking, integration with rewards programs and other ways for consumers to benefit. The company will work with JV partner Paybby to meet the regulatory requirements such as KYC/AML and local tax requirements. As an owner of NFT rights, the company will seek to maximize the copyright value of assets, whether as a NFT or in other formats such as film, TV, music or forms of exploitation for digital media.
Payment processing is an integral part of the NFT company to sell to consumers and pay the suppliers. The company plans to develop a cryptocurrency business to support the sale of NFTs. It will also create custodial assets business to become the trusted institution and support consumers that prefer central management. At the same time, the Company will integrate with DeFi networks such as Bakery Swap and the Tokau decentralized NFT ecosystem to give creators and consumers the most possible options to own NFTs and seek maximum investment value.
The revenue streams of the JV will be as follows:
Revenue share from the sale of NFTs
Payment processing fees
Custodial assets management fees (may be integrated in various ways)
Cryptocurrency and fiat exchange processing fees
Fees earned from staking supported cryptocurrencies
Listing fees for supporting third party NFT marketing and sale
Listing fees for adding new cryptocurrency types
Royalties and fees earned for developing IP from projects resulting from celebrity NFTs
The company is launching with a roster of major celebrities selling NFTs. Purchase of the NFTs will be available on an ecommerce site with payment by credit and debit cards.
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