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🦄 Unicorner Startup of the Week: Bitski
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✍️ Notes From The Editors
Hope your Monday is going well! Thank you all for the feedback on the new website last week—we really appreciate it. If you didn't get a chance, you can check out the beta site here. Be sure to reply with your feedback!
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Bitski is a marketplace for users, creators, and brands to easily purchase, sell, and trade NFTs. As a user, Bitski is a place to store and trade your digital items. For creators and brands, it is a platform to build a digital storefront and display your NFTs on sale. The goal is to make NFT marketplaces user friendly and accessible to mainstream brands.
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💰 Business Model
For creator and custom storefronts, Bitski offers a range of services ranging from the $69/month Creator plan to the $1499/month Agency plan. Depending on the plan, a Collection Fee and a Bitski Fee may be charged. Custom plans are also an option.
📈 Traction and Fundraising
👫 Founder(s)
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Donnie Dinch, CEO: Previously Co-founder @ Out There Labs, GM @ Ticketfly, Co-founder @ WillCall, Student @ Clemson University
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Julian Tescher, VP Engineering: Previously Co-founder @ Out There Labs, Staff Engineer @ Ticketfly, Co-founder @ WillCall, Business Information Systems & Psychology @ University of Washington
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Steve Jang, Board Director: Currently Founder @ Kindred Ventures, Board Observer @ Tonal, Advisor @ Uber; Previously Co-founder @ Out There Labs, Founder @ Schematic Labs, MBA @ USC, English Literature BA @ UC Berkeley
🔮 Our Analysis
With NFT sales increasing from $250 million to $389 million within the last year, the market for these digital assets is growing rapidly. As creators make NFTs via code and blockchain technology, they can put their pieces for sale on platforms like Bitski. Bitski offers personalized and unique storefronts and a developer platform which allow well-known brands to offer their drops, earning them the “Shopify for NFTs” title. Since the technology behind NFTs and their associated transactions are complex, this service makes it easier for creators and brands to enter into the NFT industry. The digital goods market has seen tremendous growth and with Bitski being able to provide solutions for buyers (by holding assets in their digital wallet) and sellers (by having a platform to directly sell to consumers), its platform is positioned to develop and expand over time.
📚 Further Reading
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Made with 💜 by the Unicorner Team 🦄
Comments? Just reply to this email!
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🎁 Bonus Content!
- Y Combinator just launched a new service that helps co-founders find one another. Through its matchmaking system, founders fill out a profile with their interests and explain what attributes they'd like to see in a co-founder. To learn more about it, you can read this article and check out the service yourself on the Y Combinator website.
- Airbnb is renting out a 3D printed house! Named the "Fibonnaci House" due to its design, the 377 square feet house is available for rent in British Columbia. You can read more about it in this article.
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