RETRO//VRS is a blockchain‑based marketplace that tokenizes luxury items, creating immutable on‑chain records that verify authenticity and track ownership transfers. The platform’s smart contracts automatically distribute royalty payments to original designers on every resale, providing a transparent and sustainable secondary market for luxury goods.
Funding
Funding not disclosed
Founders
Product
Problem
Luxury resale markets suffer from opaque provenance, counterfeit risk, and the inability for original creators to capture value from secondary sales. Sellers and buyers lack a trusted, transparent system to verify authenticity and ensure ongoing royalty payments.
Solution
RETRO//VRS provides a blockchain‑based marketplace that tokenizes luxury items, linking each physical product to a unique on‑chain record. The platform records ownership transfers, authenticates items through immutable provenance data, and automatically distributes royalty payments to original designers on every resale. Buyers can verify authenticity instantly via the token’s history, while sellers benefit from streamlined listing, shipping guides, and a transparent payout structure. By embedding royalty logic in smart contracts, RETRO//VRS creates a sustainable resale ecosystem where value is retained within the brand ecosystem.
Target Audience
Primary customers are luxury goods owners and resellers seeking authenticated secondary market sales, and designers/brands that want to capture ongoing royalties from resale transactions.
Features
- NFT‑backed tokens representing individual luxury goods, ensuring immutable provenance and authenticity verification
- Smart‑contract driven royalty distribution that automatically pays designers a percentage of each secondary sale
- Integrated photo and shipping guides for sellers to standardize listings and reduce fraud
- Marketplace interface with real‑time ownership transfer tracking and transparent transaction history
- Sustainability and trust resources outlining ethical resale practices and platform transparency