Photo - Utilify
58843

Utilify

Turkey
Market: Blockchain
Stage of the project: Operating business

Date of last change: 16.12.2022
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Idea

Utilify unlocks verified-ownership experiences. We enable users to prove ownership of any token at any blockchain without a web3 hustle to access utilities both in real life and digital life.

Current Status

6 NFT Communities used our solution at their IRL gatherings. We're launching a POC MVP for brand loyalty solutions with 3 brands in January

Problem or Opportunity

The cost of retaining customer increase every day and Loyalty programs to do that just don’t work. They’re complex, not-customer centric, and have a lot of limitations.

Solution (product or service)

We turn everyday interactions of the customer with brands into digital memories on blockchain where brands can build their loyalty program with these memories rewarding their customers, increasing LTV & Retention. And the good part is; the rewards are tradable. Customers can really own the reward and sell it if they want. When they sell it, brands get a royalty fee, reducing their reward cost. Our solution is capable of wrapping and unwrapping any reward into a digital asset on the blockchain.

Business model

Subscription for brands & communities to access our services
On-off sales for event organizers
2.5% commission on every reward trade

Incubation/Acceleration programs accomplishment

Startup Wise Guys Pre-Accelerator Batch #54 - graduated.
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Idea
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