To capitalize on the potential growing market, startup WawStreet launched its first platform to sell digital collectible works.
Few Belgians have actually bought an NFT, and these “digital tokens” are on the rise. But the market is poised for growth. In any case, this is what Vincent Choppens, founder of WawStreet, a Belgian sales platform specializing in the NFT field, believes. Launched earlier this week, WawStreet intends to specialize in digital collectibles and offers different categories: drawing, comics, photography, sports … Creators and collectors can do business on …
Few Belgians have actually bought an NFT, and these “digital tokens” are on the rise. But the market is poised for growth. In any case, this is what Vincent Choppens, founder of WawStreet, a Belgian sales platform specializing in the NFT field, believes. WawStreet, launched earlier this week, intends to specialize in digital collectibles and offers different categories: drawing, comics, photography, sports … Creators and collectors can do business on the platform, which plays an intermediary role. However, it is not open to everyone to sell collections. The team behind WawStreet is responsible for finding rights holders (artists, agents, athletes, photographers, etc.) for the business and agrees to a license allowing the production and sale of NFTs on specific topics. They can be existing businesses or derivatives of these businesses. Right now, there are about two dozen WawStreet artists (including Midam, in particular, designer Kid Paddle) whose work is up for sale. But the double was already going to sign. The startup’s business model is quite simple: take a commission on sales of NFTs that are offered exclusively on its platform. If he does not disclose the level of commission, the founder suggests that it varies from scenario to scenario depending on the type of group and the interlocutors. Vincent Schopenz, the founder of this 10-person startup, knows that he arrives very early in the market and that he has to be educated. He expects his platform to initially reach people between the ages of 20 and 45 who are open to this type of technology. Because even if you can pay in EUR on WawStreet (not via cryptocurrency), there is still a small drawback: the need to have a wallet to store your NFT pools there. And above all to understand this new digital world. “You have to be in the market right now,” says Vincent Schopens. The challenge is not possible competition, but rather educating the market. We are at the beginning of the web or social networks: NFTs will spread and revolutionize the wrong sectors. It’s an exciting bet. He expects a total investment of €2 million to make WawStreet a major and mature player in Belgium.