Purpose

Next-Generation of Media, Entertainment, and Marketing Experiences

MyGeoTokens is at the forefront of integrating cutting-edge technologies to redefine the Web3 space. We aim to onboard the next billion users to Web3 through seamless integration with geospatial technologies.

Integration of Geospatial and Web3 Technology

Geospatial technology, with a capacity for precise location verification without the need for data sharing, plays a pivotal role in our ecosystem. Mordor Intelligence projects geospatial tech to expand from $76.58 billion in 2023 to $139.88 billion by 2028​​. More importantly, blockchain in media, advertising, and entertainment is a primary use case for MyGeoTokens and has a market size of $0.84 billion in 2023; Global Information, Inc. expects an increase to 15.29 billion by 2028​​. Our platform bridges both and represents a leap in technological advancement and aligns with emerging market trends for long-term growth potential.

Business Model Overview

At MyGeoTokens, we're not just building another NFT marketplace but laying the foundation for an unprecedented digital experience. Our business model is anchored in the fusion of geospatial technology with Web3, creating a unique market space far removed from conventional, competitive NFT marketplaces with established market share.

Our Blue Ocean Strategy

  • Creating Uncharted Markets: We're positioned away from the saturated 'red ocean' NFT marketplaces like Magic Eden, Blur, and OpenSea. Instead, MyGeoTokens lives in uncontested 'blue ocean' waters of opportunity, where the marriage of geospatial technology with Web3 carves out a new niche that can't be easily reproduced or integrated into existing platforms.

  • Beyond Web3: We're creating a user experience (UX) that's never been seen before. Our platform is designed to be intuitive, engaging, and accessible for everyone, regardless of Web3 familiarity. MyGeoTokens will revolutionize how users interact with NFTs and the immediate environment, wherever that may be.

  • Redefining NFT Interaction: Our approach ventures beyond the simple buy-and-sell dynamic of your typical NFT marketplace. Users can collect on-location NFTs anywhere in the world and opt to mint to a Web3 wallet later, adding layers of engagement and heightened experience in the moment and afterward.

At our core, MyGeoTokens isn't just entering the market; we're creating our own, where every interaction is an adventure, every collection a journey, and every user a pioneer.

Lucrative and Sustainable Business Model

MyGeoTokens embraces a robust and forward-thinking revenue model, moving beyond the traditional "build it and they will come" approach; instead, we like the more strategic "build it and make money" philosophy. Our current revenue streams on MyGeoTokens app launch:

  • Commissions Wallet: Captures 20% on transaction fees, fueling continuous growth, platform development, and Collectors Club incentives.

  • Royalties Wallet: All NFTs sold on the secondary market incur a 10% royalty fee.

    • 5% goes to MyGeoTokens

    • 5% to the original NFT dropper

While our platform fees may seem ambitious, we mirror successful precedents set by giants like Apple's App Store (30% for the first year, 15% for the following years). MyGeoTokens applies a strategy similar to Apple's to ensure quality, innovation, and sustainability. Our structured fee system is a strategic choice designed to maintain the high standard of our platform and services, ensuring long-term growth and success of our patent-pending geospatial marketplace.

Connecting with Our Community

We recognize that our journey is intertwined with our community. As we evolve, adapting to the changing landscape of NFTs and geospatial technology as we usher in the next generation of marketing, we stay true to our mission of connecting the global community through the power of Web3. MyGeoTokens is a platform not just about digital collectibles but also a revolution in community building and digital interaction for holders and app users alike.

Note: Detailed hypothetical use cases and applications of our technology are explored in later sections.

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