The hot topic of 2021 and into 2022 is NFTs! The real question though is what kind of real world applications can NFTs have? You hear Gary Vee and other industry experts talk about the smart contracts being the future for buy/selling homes, cars, and really any other tangible goods. The NFT and smart contract are a way to show digital ownership that can protect against fraud and duplication.
Introducing NFZ' s Zoo Membership NFTs. By owning one of our 402,000 NFTS you will gain access to a lifetime membership at any accredited zoo in around the world.
Business Model Discussion: To outline the business model, let's first lay out the roadmap of NFZ.
Phase 1 - Develop NFT Verification Process
Phase 2 - Design NFTs
Phase 3 - Launch our first 2,000 NFTs at $1,500 per NFT as VIPs
Phase 4 - Release our list of partnering zoos in the US
Phase 5 - Launch 100k NFTs
Phase 6 - Launch 300k International NFTs
Phase 7 - Build your favorite zoo in the metaverse!
What does the business model look like?
NFZ will sell the first 2,000 NFTs for $1,500 to generate $3m in revenue. To accomplish this, we need to build out our marketplace, finalize the design of our NFTs, load them into the marketplace, and then build our community of potential buyers. This first round propels us into the rest of the phases of the business and gives us the budget needed to market to the masses for the 100k and 300k launches.
How do we pay back the zoos?
There are roughly 1,000 international zoos with 250 US based zoos that are accredited. Our plan is to evenly payout up front 50% of our revenue to the zoos starting with the 100k launch. So when we sell 100k of our $2,500 NFTs we generate $250m in revenue in which $125m will be divided by the 250 zoos in the US. That would be a one time payment of $500k to each zoo. Then, we will pay them $10 for every NFT scanned at their gates so long as the program still exists. When we launch the international phase with 300k NFTs at $2,500 that equals $750m and $375m to split by the 750 zoos we add to the program. Each zoo would be paid $500k just as we did in the first release.
Current team:
Dustin Hemesath - Co-Founder - Sales/CS/Operations
I have spent the better part of 18 years in some sort of sales, leadership, or customer success role. I have spent the last 10 years building startups. My first venture failed and taught me some very tough life lessons around where to spend your time early on with your startup. We spent 18 months on the tech before we ever had paying clients and ended up running out of cash as it took 3 times longer than expected to bring on new customers. My 2nd startup, FanFood has successfully raise over $7m in angel and venture funding and is on it's way to being the market leader in the sports space. I am slowly transitioning into an advisory role with the company as they move into their next phase of the business.
Ryan Schwarzkopf - Co-Founder - Product Manager
Ryan has spent the last 7 years working in software as a product manager and systems engineer. He specializes in understanding client needs and working to build the solution to meet their needs. He has also been investing in the Crypto industry for the last 5 years.
TBD - Lead Technical Co-Founder
Right now we are interviewing a handful of candidates to be our technical co-founder. We are looking for someone with the right background in crypto and NFTs to help us build an amazing product.
TBD - Head of zoo partnerships
Our head of zoo partnerships will be in charge of an extreme aggressive timeline to bring on our zoos. This person will work directly with Dustin to build a scalable process for onboarding our zoo partners to make sure they are fully trained and ready to hit the ground running when our members show up at their zoo.
Use of Funds
We have a set plan of the initial funds we bring in and here is what that looks like:
- $50k - Lead Tech - in the chance we don't have our technical co-founder figure out yet, we will engage with some of the people we are interviewing to start with a contract to get our MVP our there to launch the first 2,000 NFTs. So far, we are in the range of $20k-$50k in proposals to get us to the initial launch
- $75k - NFT Marketing services - There are companies that specialize in NFT launches and have the contacts to make these things happen. Many of them will take an upfront fee and then a small percentage at mint. That is usually 1-5% of minting. They manage your social media accounts and your discord and will engage with NFT influencers to get your launch noticed in the community. The idea is you oversubscribe your VIP list so that you have a huge following ready to buy your general launch shortly after.
- $25k - Systems and Operations - We need to make sure we have all of our servers, software, and other things in place for the launch. We can't have our systems go down with too many people landing our our page or trying to mint their NFTs.
We can provide a more detailed budget after the initial launch but our goal is this $150,000 and the initial launch will fund the company moving forward! You have a chance to the only funded needed to create a $750m company!
Ready to Ask For Funding for your company?
Post a Funding Request