AMA with OpenShop

Decentralized Club
4 min readOct 6, 2021

Introduction with OpenShop

auria:
Q1. What is OpenShop about and what problem is it solving in the NFT space ?

Anthony:
Openshop is a Shopify-like NFT platform built on Solana.

The app will allow creators to create their NFT shop without any code, upload their NFTs using the Metaplex standard and manage their sales from their dashboard.

Each creator will have their own shop page, collection page and product page (just like a normal e-commerce).

There will also be a secondary marketplace when anyone can buy and sell.

We are going through our raise and will be rolling our the product Q1 2022

So essentially the problem were solving is the current high barrier to entry for NFT creators wanting to launch their NFT collection on Solana

auria:
Great!

Move to the second question 😊

Q2. Can you shed some light on the features of Openshop that makes it easy to create , publish and sell NFTs ?

Anthony:
Just like e-commerce creators on Shopify, you can sign up in minutes, drag and drop customisations to build your store (no coding required).

Once your shop created, you can use the mataplex standard to launch your NFT collections

auria:
Nice!

Move to the third question 😊

Q3. Who are the major partners backing you?

Anthony:
We're currently in talks with the Solana Foundation

Others will come

auria:
Move to the 4th question 😊

Q4. How can we acquire $OPS token and how is that token going to appreciate in value?

Anthony:
The fastest way to get hold of $OPS is the following options :

1. Join the private sale (on going)

2. Join the IDO (coming soon)

3. Buy on Raydium DEX (coming soon)

auria:
Let’s move to the 5th and last question of the segment

Q5. Can you tell us about what are you guys focusing on delivering further in this year ?

Anthony:
Sure

I think the best way is to showcase our roadmap

Community ask questions from Twitter

auria:
Q1. Openshop design helps cut out most of the work for creators to just come on board even with a 100% free startup( alot of freebies). This is great, but how does Openshop benefit from this project?? What's in for you guys??

Twitter username @sunnyaremu

Anthony:
Good question

Just like OpenSea, there are platform fees when buying and selling on the OpenShop marketplace (2.5%)

We will generate revenue for each purchase on the site

This fee is in SOL

auria:
Great!

Move to the second question 😊

Q2. 'I saw something about'requesting early access,' and I'd like to know more about it. What are some of the advantages of requesting early access? Also, do you have a mechanism in place for Referral?

Twitter username @Josephayoola19

Anthony:
You will be able to be one of the pilot NFTs collections to be featured on OpenShop

auria:
Move to the 3rd question 😊

Q3. I'd like to know what strategy you've implemented for increasing the value of the $OPS token and how do you plan to keep its price and supply stable?

Twitter username @C3ntrifug3

Anthony:
Sure!

The OPS token is the native OpenShop token built on Solana.

The OPS token serves currently 3 purposes for stakers :

1. You will be able to receive a % of the fees (in SOL) generated by the platform by staking.

2. You will be able to purchase NFTs at a discount by using OPS as a payment method

3. You will be able to access certain exclusive features by staking OPS.

So basically, you can expect a high amount of OPS to be staked

With rewards not affecting the price, as fees are distributed in SOL

auria:
Move to the 4th question 😊

Q4. When it comes to staking $OPS tokens, how much may holders gain by doing so?
Is it true that they're superb apy?

Twitter username @Stephen_hawk3

Anthony:
There is no APY

Stakers will receive fees in SOL from the platform

All fees generated by the platform are proportionally split between stakers.

auria:
Nice!

Let’s move to the 5th and last question of the segment

Q5. What plans do you have for worldwide expansion?
Are you concentrating on the market right now, or are you concentrating on creating and developing, acquiring consumers and users, or formingpartnerships?

Twitter username @xa3yte

Anthony:
We are starting by helping NFT creators to get ready for the launch

We will launch with 100 NFT collections

Live Questions answered by OpenShop

1)James:
Is there any setup fees required by creators before they can set up their own shop? Is there any setup hidden fees?

Anthony:
There is 0 hidden fees. It is completely free to setup your shop.

2)Dary:
OpenShop that offers when you bet your $ OPS to get a guaranteed investment allocation, what advantages of owning $ OPS and the special rights that you will enjoy?

Anthony:
Sure!

The OPS token is the native OpenShop token built on Solana.

The OPS token serves currently 3 purposes for stakers :

1. You will be able to receive a % of the fees (in SOL) generated by the platform by staking.

2. You will be able to purchase NFTs at a discount by using OPS as a payment method

3. You will be able to access certain exclusive features by staking OPS.

3)Femi Oyinloye:
Can creators with zero tech background knowledge start a shop and start selling, is there any code required to set this up?

Anthony:
There is no code required! Just like Shopify for traditional ecommerce

4)K Chinyere:
Great project. I want to get some $OPS token.
Where and how can I join your ongoing private sale?

Anthony:
You can apply through this form https://98a54lmwmqy.typeform.com/to/y5hqFm7B

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