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Kettle
Kettle is a marketplace for luxury watches and other physical goods, which are represented as non-fungible tokens (NFTs) on a decentralized protocol. The platform focuses on trust and security, providing authentication and vaulting for all assets, and enables users to buy, sell, or take out loans against them.
Distributed
Description
Kettle operates a peer-to-peer marketplace that allows users to transact with real-world physical assets, such as luxury watches, represented as NFTs. The platform, operated by Skillet Group, Inc., provides an interface to a decentralized protocol. A core part of their service is a rigorous authentication process for every item, which is then securely stored in a vault. Users can buy, sell, or enter into loan transactions secured by these physical-backed NFTs, with smart contracts handling loan defaults. The platform integrates blockchain technology, supporting crypto wallets and offering features like crypto-based rewards, a 'Genesis Pass', and a unique 1% perpetual royalty for original sellers on future resales. Kettle ensures transaction security with an escrow system and a comprehensive Buyer Protection Policy, provides insured international shipping, and charges service fees on sales and loans.Grant Funding
VC Funding
None
2024
$0
$4M