The Luxury Asset Club (TLAC) Set to Revolutionize the NFT Space with its Meta-Raffle – Tech Times

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The Luxury Asset Club (TLAC) Set to Revolutionize the NFT Space with its Meta-Raffle
(Photo : Luxury Asset Club (TLAC))

According to a report published on Business Wire, the NFT market will hit over $211 billion by 2030. The report explained that the market will grow at a compound annual growth rate (CAGR) of 33.9% from 2022 to 2030. With the growing potential of the NFT market, several projects have been launched by different companies seeking to have a piece of the market share.

Although there are many NFT projects out there, only a few are making a great impact and revolutionizing the industry. One of these leading projects is The Luxury Asset Club (TLAC). TLAC is an NFT project designed to revolutionize the ownership of rare physical and digital collectibles.

Overview of the Luxury Asset Club

This is an exclusive group of owners who have come together to chart a new course for the NFT world. TLAC employs group economics as well as the community model to aid in the liquidation of extremely collectible physical assets. It starts with the private mint of TLAC’s blue-chip offering that gives a 1 in 8024 chance to win an 18K Rose Gold Kobe Bryant signed Hublot watch. Three winning tickets, in the form of NFT’s, will be generated via our personal smart contract. Each non-fungible token, upon sell-out, will transform into a digital replica of the 18K Rose Gold Kobe Bryant signed Hublot.

There are only three of these watches currently in existence, and each has an estimated worth of $3 million. Ownership of a raffle ticket will grant you membership to the community, which the project creators aim to deliver the most value. Project creator, Gregory Gadson, is quoted “The goal was to offer rare assets to the average person, while allowing the best possible odds for every entrant. The number of mints being 8,024, is symbolic of Kobe Bryant’s jersey numbers, while also allowing amazing odds of being the sole winner”. As the TLAC community develops and grows, it will continue to reinvent and revolutionize how ultra-luxury assets are owned, verified and transacted within the Web3 space.

The team also plans to leverage Web3 technology to revolutionize crowdfunding in philanthropic efforts. As with every offering, TLAC will be partnering with a charitable organization. their first being Make-A-Wish Greater Los Angeles, an institution near and dear to the late Kobe Bryant. With the coordination of president Mike Khaloff, TLAC has pledged a portion of funds received to be donated in crypto.

The TLAC project is deployed on the Polygon protocol, a carbon negative ecosystem.

TLAC’s Revolutionary Meta-Raffle Model & Value

The Meta-Raffle is the first to create a model in which assets that are difficult to verify, liquidate and transact can be offered to the public, transparently. According to German Carmona, a successful entrepreneur and senior advisor to TLAC, “As a collector of rare artwork, timepieces, luxury real estate, and exotic vehicles, leveraging NFT’s to authenticate such assets seemed like the next logical progression as the Web3 world evolves.” Mr. Carmona also went ahead to say, “Authenticating and liquidating such rare items can be costly and quite difficult; these factors are what led us to create The Luxury Asset Club (TLAC), the world’s first Meta-Raffle.”

Project Co-Creator Diamonte Zarba adds, “The project will allow members to vote for future ‘offerings,’ charitable partnerships, airdrops, & access to ‘invite-only’ asset release parties.” The team has also partnered with VR/AR Virtual Real Estate platform, SuperWorldApp. With the partnership, not only will members be able to own the watch but also interact with its digital AR wearable twin. Every NFT holder now has the ability to wear and “own” this rare timepiece, simply by using their phone.

Conclusion

TLAC is poised to chart a new frontier in the NFT industry. The team aims to reposition the market to be accessible and beneficial to all; thereby, creating more awareness about NFTs. Kindly visit the website for more information and details about the TLAC project. It will also be very helpful to join their discord channel for first-hand information regarding future endeavors in the NFT space 

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