Otis House is a marketplace, auction platform, and vault for physical items, built on top of Ethereum. The physical items are stored, secured, and insured by Otis. We then mint an NFT for each item representing ownership of the asset.
1) Are there any issues with using OH primarily as a vault? Could someone send something in and NOT have it auctioned off? Alternatively, have it auctioned off in the future vs. immediately?
2) How is the $5,000 minimum value determined?
Some examples:
a) 1/1 or n/10 items that might not have secondary market data (i.e., a n/5 fnnch art piece)
b) $2k camera lens BUT it's signed + was previously owned by someone prominent (think Casey Neistat or MKBHD)
3) Would we need to provide proof of authenticity (above examples in particular) or will that be done on Otis' end?
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