ClubRare Drop Types
ClubRare Drops are referred to as the combination of the digital NFT and the physical auction/sale conducted on the ClubRare Marketplace with our curated Partners.
ClubRare offers 3 different types of drops - Everday Drops, Featured Drops, and Limited Drops. See the full details below.
Everyday Drops are held regularly (daily, weekly recurring occurrences with our verified partners). We have found artist, brands, and creators that can offer multiple rare items.
These will be conducted as a fixed auction, meaning the price will be fixed or set.
Example - Degen Jewellers has offered 5 different rings in their Voodoo Ring Collection (all 5 of the same product, but 5 unique NFTs)
Featured Drops are held once every few weeks (3-4 weeks). We partner with the best artist, brands, and creators to offer a super rare one-of-a-kind phygital NFT. Not only is this a 1/1 Phygital NFT, AND your physical product will reflect the same rareness in the real world.
These will be conducted as started auctions. There will be a start price and the auction will end after a certain period. We advise and recommend our partners to set these between 3-5 days long.
The highest bidder at the end of the auction wins the bid.
When there are 10 minutes or less on the Auction timer and a new high bid is placed, the timer will extend by 10 minutes.
Example - Relevant Customs 1/1 Budweiser AJ1 Shoes (link here) an extremely rare artist proof of a shoe never sold to the public that many celebrities and famous athletes own.
Limited Drops are held every so often (planning for every few months). These are community-driven auctions. We collaborate and vote on the full details of the product customization as a community (AGOV DOA, LLC holders).
These phygital NFT auctions will only be available to community members.
All profits will go back to the community.
Example - Relevant Customs works with the AGOV DAO and LLC Holders on voting the final details of 50 total custom-made all-white Yeezy shoes (THIS IS JUST AN IDEA AND EXAMPLE - PLEASE NOTE THIS IS NOT AN ACTUAL AUCTION…. yet 🙂)
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