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To reinvent and redefine the social commerce market for the digital age.
Blockchain technology presents enormous potential for decentralized finance and undisputable proof of ownership, leading to the invention of NFT marketplaces. While this allows creators and collectors to trade digital rarities confidently, such technology has not yet been applied to real-world collectible items and the auctions they are traded through.
Clubrare provides an NFT marketplace for physical collectibles, allowing users to bid in auctions for rare items such as premium limited-release footwear, watches, fashion accessories, and physical art. The marketplace facilitates transactions through the Empower (MPWR) cryptocurrency based on ETH’s (Ethereum) proof-of-stake blockchain protocol.
Whilst the sustainability of the ETH proof-of-stake has led to rapid growth and affordability of NFT marketplaces, Clubrare has recognized that real-life collectible auctioning would also benefit from blockchain technology’s securities and decentralized financing. In filling this gap, as the world's first full-stack physical NFT marketplace, the company stands out in pioneering the future for "phygital" collecting.
Freddie
Company Specialist at Welcome to the Jungle
Paul Jiwoong Chung
(CEO)Experience as Software Engineer and Product Manager for NCSOFT from 2007 to 2009. CEO and Founder of Club Venit from 2009 to 2013, and for Vital Hint Inc. from 2014 to 2022.
Started as Senior Manager of Talent Acquisition, and was promoted to Director of People Operations.