
The next logical step in Blockchain technology.
Blockchain and NFT technology has gained significant attention in recent years, but as with any emerging technology, misuse and bad actors have tainted the market. Many in the tech world are asking, “where is the real world utility?”
Hexchange aspires to rewrite the narrative surrounding blockchain and NFTs, transforming them from speculative assets into a real-world utility for professional-level transactions. Our comprehensive platform provides a seamless ecosystem where creators can showcase their work, secure contracts, and manage intellectual property, while verified sellers and genuine buyers can engage in secure, transparent transactions with absolute confidence in authenticity and provenance.
Focus on Privacy and Security:
The Hexchange puts your data privacy and security as the top priority. Utilizing the blockchain, state-of-the-art encryption, stringent user verification, and robust privacy and authorization settings to ensure that all of your data remains safe from unauthorized access.
No more spam. No more scams. No more fakes.
Truly Professional Platform:
We understand the importance of career growth. The Hexchange offers artists, designers, photographers, and musicians professional profiles and portfolio pages. Buyers can search and become acquainted with a creator’s work and capabilities before making a purchase or commissioning work.
Commissioned work and Contracting:
Hexchange features a dynamic contracting platform for commissioning custom work. Professionals and buyers can create, negotiate and agree to secure work contracts recorded to the blockchain. This collaborative space fosters professional level work in exchange at actual market value.
AI-Powered Matching:
Our advanced AI algorithms intelligently match professionals and buyers based on their skills, experiences, and expertise. This ensures that creatives connect with the right buyers and opportunities. This also creates a more enjoyable and streamlined experience for the buyers.
Minting and Verification:
Creators can mint original digital works. Our AI powered system will verify and authenticate the work before it is recorded to the Ethereum blockchain. Copy written material or plagiarized work will be immediately revoked and removed from the platform. Violators of our original works policy will be banned from the platform.
Seamless and Secure Transactions:
The Hexchange supports Ethereum-compatible crypto wallets for both minting and selling. Cryptocurrencies you can use on The Hexchange are Ethereum (ETH/WETH), SOL, AVAX, USDC, and BNB. Buyers will also be able to pay for products and services with credit or debit cards (fees apply).
Business Model
MISSION:
Hexchange leverages the transformative power of blockchain, NFTs, and smart contract technology to create the most secure and efficient platform for transactions, legal agreements, and document management. We empower professional creators, sellers, and buyers to conduct business with confidence, transparency, and undeniable authenticity.
VISION:
Hexchange aspires to rewrite the narrative surrounding blockchain and NFTs, transforming them from speculative assets into a real-world utility for professional-level transactions. Our comprehensive platform provides a seamless ecosystem where creators can showcase their work, secure contracts, and manage intellectual property, while verified sellers and genuine buyers can engage in secure, transparent transactions with absolute confidence in authenticity and provenance.
BUSINESS MODEL
Value Proposition
Creators can mint and showcase original digital works.
Creators can create and manage professional profiles and portfolio pages.
Buyers can make bonified transactions secured on the blockchain.
Professionals and buyers can create, negotiate, and agree to secure work contracts.
Value Delivery
Creators mint professional work securely to the blockchain.
Contracts are formed on the platform and secured on the blockchain.
Buyers can search and become acquainted with a creator’s work and capabilities before making a purchase or commissioning work.
Value Capture
Buyers pay a platform transaction fee on finalized purchases stemming from contract hires.
Creatives pay a platform transaction fee for marketplace sales.
(Creators cover all gas fees for minting work for their showcase/marketplace. Buyers pay all gas fees for all contracted work.)
Market Analysis
The global Blockchain Market size was reasonably estimated to be approximately $7.4 billion in 2022 and is poised to generate revenue of over $94.0 billion by the end of 2027, projecting a CAGR of around 66.2% from 2022 to 2027. The new research study consists of a market industry trend analysis.
NFTs have seen a significant dip in sales and value in recent times. That being said there is still an escalating global demand for digital art and cryptocurrency usage. Growing technological development in the industry is also boosting adoption and market performance. An expanding creator economy, rising usage of blockchain-based digital collectible platforms, and growing government initiatives worldwide are also likely to enhance the market performance over the coming years.
Revenue in the NFT market is projected to reach US$1,601.0m in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 18.55% resulting in a projected total amount of US$3,162.0m by 2027.
The average revenue per user in the NFT market amounts to US$114.8 in 2023.
From a global comparison perspective, it is shown that the highest revenue is reached in the United States (US$781,900.00k in 2023).
In the NFT market, the number of users is expected to amount to 19.31m users by 2027.
User penetration will be 0.18% in 2023 and is expected to hit 0.24% by 2027.
If you are interested in a position with The Hexchange, please reach out via the Polsky New Venture Challenge “Join a Team” page.
Project Status
STAGE OF DEVELOPMENT:
Brand and identity is complete. The Pitch deck is designed and laid out. The feasibility document has been started. The business plan is in the initial stage (to be completed with the Executive team).
Prototype, wireframe, and all assets are in progress (web and mobile).
CURRENT NEEDS:
Formation of the Executive Team (CEO, CFO, CTO,CMO)
Operations structure to be formulated
Finalization of the feasibility document
Finalization of the business plan
Finalization of the marketing