Description
Defy Funding LLC is developing a tokenized ecosystem for the global culture industry, centered around its Defy Token (DFTK). The main product is the Defy Portal, a platform for purchasing event tickets as NFTs directly from artists and institutions. Users, both buyers and sellers, earn DFTK rewards for transactions on the portal. These tokens can be used for payments within the ecosystem. The project aims to create a self-sustained economy that empowers artists and cultural institutions by reducing their dependence on intermediaries. A significant part of the business model involves social impact, as Defy Funding pledges to allocate 20% of its profits to fund cultural initiatives worldwide, with a focus on distressed areas. According to its privacy policy, the company is based in the United States, operates under US federal and Delaware state laws, and collects user information for its services, marketing, and to comply with legal and financial regulations, including KYC/AML for the purchase of 'Defy Tokens'.