Endstate
Financials
Estimates*
USD | 2023 |
---|---|
Revenues | 1.2m |
Date | Investors | Amount | Round |
---|---|---|---|
* | $5.5m | Seed | |
Total Funding | CAD7.5m |
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Recent News about Endstate
EditEndstate operates at the intersection of digital and physical collectibles, primarily focusing on the sneaker market. The company offers unique NFTs that can be redeemed for physical pairs of sneakers, providing a tangible asset alongside a digital one. Each NFT not only represents ownership of a specific sneaker design but also grants access to exclusive drops, membership in the Endstate community, and future integrations into the metaverse.
Endstate serves collectors, sneaker enthusiasts, and digital art aficionados who are looking for exclusive, limited-edition products that blend the physical and digital worlds. The company operates in the niche market of NFT-integrated fashion and collectibles.
Endstate's business model revolves around limited-edition drops, where a finite number of NFTs are released, each corresponding to a specific sneaker design. These drops generate revenue through initial sales and auctions. Additionally, the company benefits from secondary market transactions, as NFTs can be resold, often at a premium, with Endstate earning a percentage of these sales.
The company makes money through the initial sale of NFTs, auction events, and secondary market royalties. By creating a unique value proposition that combines physical products with digital assets, Endstate taps into the growing market of NFT enthusiasts and sneaker collectors.
Keywords: NFTs, sneakers, digital artwork, exclusive drops, community membership, metaverse, limited-edition, auctions, secondary market, collectibles.