Lyzis Marketplace

Overview

Lyzis Marketplace is a decentralized platform for trading real-world luxury assets, including timepieces, collectibles, and more.

Features :

• Secure Escrow Transactions: Tamper-proof records with no middleman.

• AI-Powered Authentication: Verify asset authenticity in real-time.

• Low Fees: Enjoy reduced transaction costs using blockchain.

• Streamlined Workflow: Get rid of vaults, consigments & unnecessary delays.

• Simplified User Experience: Seamless trading experience where users don't need to know the platform is blockchain-based.

• Subscription Model: Premium features for buyers and sellers to enhance their experience.

• Real-Time Pricing: Get accurate market valuations instantly.

• On/Off-Chain Ramping: Easy conversion between crypto and fiat currencies with high transaction volume support.

How It Works

The process of trading on Lyzis Marketplace can be summarized in three simple steps:

1

List Your Asset - Upload details, provide verification, and set a price.

• Seller Submission: Sellers submit high-quality images of their timepiece on the platform for third-party AI-powered authentication.

• Authentication Results:

  • If the watch is deemed counterfeit, the transaction is terminated.

  • If the watch is authenticated as genuine, it is listed on the marketplace and visible to potential buyers.

2

NFT Issuance and Listing:

NFT Generation: An NFT is generated for the authenticated watch, containing key details such as:

• ID, Name, Image URL, Serial Number (ID).

• This NFT acts as a digital certificate of authenticity and tracks the ownership of the watch.

3

Transactions & Escrow:

• Agreement on Terms: Both the seller and buyer agree on the shipping terms. The buyer deposits the payment (asset value) into a secure smart contract escrow.

• Resolution Scenarios:

  • If Issues Arise: In cases like shipment delays or items not matching the description, the transaction is either canceled with a refund or escalated to a decentralized dispute resolution tribunal.

  • Successful Transaction: Upon timely delivery and validation by the buyer, the NFT is transferred to the buyer, and the transaction is completed.

Visual Workflow: Step-by-step overview of the trading process on Lyzis Marketplace.

This streamlined approach allows users to trade RWAs confidently, knowing their transactions are secure and authentic.

Key Benefits

• Enhanced Trust: Blockchain ensures transparency, while AI authentication eliminates the risk of counterfeiting.

• Efficiency: The process minimizes delays typically associated with traditional consignment and vault-based trading.

• User-Friendly: The platform is designed for ease of use, with no technical knowledge of blockchain required.

Discover a transparent and efficient way to trade luxury items on-chain.

Join the marketplace waiting list here.

Watch our marketplace demo video here : [⚠ Coming Soon]

Official escrow smart contract address : [⚠ Coming Soon]

Let’s move on to the next section to explore the role of the LZS Token in the Lyzis ecosystem.