What is VerifiedInk?
VerifiedInk is a platform for NFT collectibles (known as 'Inks') designed to empower all athletes to capture their athletic moments and for elite athletes to make money from their name, image, and likeness (NIL). It's the ultimate rookie card created, personalized, and owned by the athlete themselves. Once created, athletes can sell their NFTs on VerifiedInk's marketplace to their community, collectors, and sports fans.
For more information about our philosophy and NFT issuances see our blog post here.
How is VerifiedInk Different?
We’re the only collectible platform and marketplace that is athlete-created, athlete-owned, athlete-first. 80%+ of all sales go directly to our athletes. Nothing else in sports or entertainment comes close to this revenue share. We’re also open to all athletes. Any level (pre-professional to professional) and any sport.
Is this a scam?
Far from it. We’re here to disrupt the economics of athletics in favor of the ones who put in the most work: the athletes. And connect them directly to their supporters. We work with some well-known athletes; we’ve been covered by some pretty reputable press outlets here, here, and here; and you can learn more about our team here.
Why should I create a VerifiedInk Collectible (an Ink)?
With recent NCAA and high school rule changes, amateur high school and college athletes can now profit from their name, image, and likeness (NIL). VerifiedInk Collectibles empower athletes to make money from their NIL by creating unique and personalized digital assets and selling them to sports fans and collectors. The athlete doesn't just earn money from their first sale but also earns on every subsequent sale with a portion of the sales fee that goes directly to them.
Athletes without an audience to buy their VerifiedInk Collectible can still make one and purchase an Augmented Reality (AR) Card to collect and commemorate their athletic moments.
How much does it cost?
It is 100% completely free for athletes to make their Collectible.
VerifiedInk charges a small transaction fee on the sale of your collectible, not before.
You also have the option to purchase an Augmented Reality (AR) Card
How do I make my Collectible available for sale?
Athletes can create Collectibles by going to our website (verifiedink.us/athletes) and following a few simple steps. The Collectibles are easy to crate and once the athlete is finished, they can place those NFTs for sale in our marketplace to be purchased by a community of sports fans and collectors.
How do I make money from my Collectible?
The athlete makes at least 80% of the amount of the original sale and 5% of the amount every time the card is sold in the future as part of their lifetime royalty.
How do I track when my Collectible sales in the future?
The NFTs are logged on a blockchain (currently Solana) which holds the information on the original creator of the NFT forever.
How can people purchase my Collectible?
Community members, collectors, and sports fans can purchase the Collectibles using cryptocurrency (Solana) or via a credit card - whichever is preferred.
How can I withdraw proceeds from my sales?
Payouts on the marketplace are handled through stripe (paid out to a debit card) or through a Solana wallet (paid out in USDC). We have a minimum withdrawal limit to start, but plan to lower or eliminate it over time.
College athletes that have institutional requirements for payment methods (such as INFLCR or other reporting methods) should contact our team to set up payment.
Could this affect my eligibility?
Ensuring the athletes don't inadvertently violate eligibility regulations is our top priority as NCAA and state athletic association rules continue to evolve.
We are tracking very closely both the NCAA guidance on Name, Image, and Likeness (NIL), as well as each state's governing bodies (legislature and high school sports associations) rules and regulations. There are some states that have yet to clarify or revisit their rules in accordance with the NCAA rule changes - and until they have, we do not allow athletes from these states to complete any financial transactions until they complete their final HS season. They are able to create their Collectible, just not sell it until it is determined they are eligible to do so.
It is the responsibility of the athlete to certify that their sale is not part of recruiting activity, a pay-for-play agreement, or a gift from an agent. Any athlete found using VerifiedInk for these activities does put their own eligibility at risk, and will be suspended from the platform.
What is your current platform roadmap?
Take a look at our latest blog post about this here: verifiedink.us/blog
How do I buy, sell, and withdraw from the platform?
Payments for collectible on the VerifiedInk marketplace can be made with either a credit/debit card (via Stripe) or via cryptocurrency (Solana). No other payment methods are currently accepted. Auctions are currently USD only though we have plans to enable crypto in the future.
If you buy through our platform with a credit card, you can also sell for a fixed price from your Collection page. Payouts on the marketplace are handled through stripe (paid out to a debit card) or through a Solana wallet (paid out in USDC). We have a minimum withdrawal limit to start, but plan to lower or eliminate it over time. There are no marketplace fees if you sell on the VerifiedInk marketplace. If you purchase via crypto or transfer your NFT to your own wallet, you can then buy or sell that NFT on OpenSea or any other Solana NFT marketplace. A 10% royalty is applied to every secondary sale regardless of marketplace, 4% going to the athlete and 6% to VerifiedInk.
Where do I reach out for support or to contact your team?
You can reach us on social media, clicking the help link at the bottom of our navigation or email us at:
support [at] verifiedink [dot] us
When I make a purchase how are the funds used?
Currently, athletes receive at least 80% of each primary sale (athlete cuts may vary based on logo/mark deals with involved institutions). In secondary sales, 90% goes to the owner, 5% to the originating athlete, and a 5% transaction fee for VerifiedInk.
When I purchase a collectible, will it be available on a non-custodial wallet?
Yes. You can use a non-custodial wallet that is compatible with the Solana blockchain like Phantom or Glow.
Where can I sell my Collectible?
You can sell it on our marketplace at verifiedink.us/marketplace or any other marketplace that supports the Solana blockchain.
What is an NFT?
The technical definition: An NFT (“non-fungible token”) is a unit of data meant to represent unique items that are stored on a digital ledger, called a blockchain. An NFT is a digital asset that can be owned, sold, and traded. It cannot be spent like coins and it is not a cryptocurrency, because one NFT is not the same as another NFT due to its unique properties, which is what makes them non-fungible.
For example a $10 bill is fungible. It can be swapped for another $10 bill because both bills have the same value, and they are defined by their value alone. There is nothing unique about a specific bill.
In simpler terms: NFT means the digital asset is completely unique and non-replaceable. It can then be “tokenized,” so you can transfer ownership (i.e. sell).
The main impact of NFTs is making it easy to own and sell digital content. Unlike most digital items which can be endlessly reproduced, each NFT has a unique digital signature, meaning it is one of a kind. While anyone can view the NFT, only the original creator or the subsequent buyer has the status of being the official owner – a kind of digital rights.
Can’t I just right-click and save as?
Sure. But that still doesn’t mean you own it. This is no different than any other art or collectible. Anyone can see the Mona Lisa in a museum. Or they could google a picture of the Mona Lisa and download it or display it where they wish. Or sneak a picture of it on their camera. But, only one person owns it, and despite how many times it is reproduced - there is only one of them to own. It is the record of ownership that makes it valuable. An NFT works the same way: it tracks the real owners and stores them in a decentralized database that is built to prevent any fraud.
Why Solana? Do you plan to support other blockchains in the future?
We like our chains fast, cheap, secure and reliable. Today, nothing checks all of those boxes, but Solana is pretty good on most of them, has a great developer community and a very active NFT community. We will always keep an eye on the evolving blockchain space and keep our users apprised of any changes we foresee impacting our platform.
What data or personal information is stored and/or maintained by your website?
In our Terms of Service we outline our cookie and tracking policies. If you interact with our site exclusively through a crypto wallet, we do not ask for and therefore store any personal information. If you purchase with a credit card we do have access to your card, address and email. All credit card data is store exclusively with Stripe.