DYLI provides a platform where users can acquire digital collectibles and receive corresponding physical items. The service integrates a storefront, activity tracking, and gameplay features to engage collectors. It enables seamless transition between virtual ownership and tangible products.
Funding
Funding not disclosed
Founders
Product
Problem
Creators often struggle to maintain control and benefit from the secondary market sales of their digital and physical products. Traditional secondary markets lack mechanisms to ensure creators receive royalties on subsequent transactions, leading to lost revenue and diminished incentives for ongoing creative work. Authentication and provenance tracking of creator products in secondary markets are also challenging, increasing the risk of fraud and devaluation.
Solution
DYLI provides a platform that uses digital vouchers to authenticate and facilitate the trading of creator products, ensuring creators earn perpetual royalties on secondary sales. The platform mints a unique, non-transferrable "DYLI" for each product, which acts as a digital certificate of authenticity and ownership. When a product is resold on a marketplace integrated with DYLI, the DYLI automatically triggers a royalty payment to the original creator. This system minimizes waste by supporting sustainable production practices and provides a transparent, secure, and equitable secondary market for both creators and collectors.
Target Audience
DYLI primarily targets digital and physical creators, including artists, designers, and makers, who want to ensure they receive royalties on secondary market sales of their products. The platform also caters to collectors seeking authenticated and traceable creator products.
Features
- Digital voucher (DYLI) minting for creator product authentication and ownership tracking
- Automated royalty distribution to creators on secondary market sales
- Integration with various marketplaces via API to facilitate seamless trading
- Secure and transparent transaction ledger for provenance tracking
- Support for both digital and physical creator products
- Tools for creators to manage their product catalog and royalty settings