Our team got into an interview with Rex Teo. He’s the CEO & Co-Founder of one of the most promising projects of 2022, Upstairs. We talked about every aspect of the project and it’s future proposals. Take a deep dive into the interview below to know more about Upstairs.
Q. Please introduce yourself.
I am Rex Teo, Co-Founder and CEO of Upstairs.
Q. What is Upstairs?
Upstairs is a custodial NFT marketplace that is set to be the first-of-its-kind to be launched in Asia.
Q. How is Upstairs different from other NFT Marketplaces?
Upstairs took elaborate steps to bridge the gap between Web 2 and Web 3. Customer service and user experience is of priority to us. Hence, we reduced complexities by allowing users to sign up with us through just an email or phone number. Users from most countries can also easily deposit FIAT to buy NFT in our marketplace using their country wallet apps such as Gcash (Philippines) and MoMo (Vietnam) amongst many others.
Q. Why start an NFT marketplace initially when there are already a lot of other options available?
Upstairs is unlike any other marketplace out there. It is a marketplace where we manage business operations, business developments, marketing and technology developments comprehensively with a full fledged team. There is a 24/7 helpdesk and users will have the great ease of navigating across the platform. Most importantly, we support up to 100+ FIAT currencies on our platform.
Q. What are the key features of Upstairs?
We have zero gas fees, only listing the best and well-known IPs in the world. Most importantly, we believe in giving value to all our users. You will not see any NFT collection from Upstairs going beyond a 3 digit figure in the primary sales launch.This is only possible as we negotiate and discuss the terms with every single IP regardless of their status.
Q. How does Upstairs make the user experience better for the end user?
This is a good question. We simplified the interface, allowed Web 2 apps to connect to our platform, enabled multi-language and most importantly, you will almost not find any trace of “Web 3 or blockchain technology” when you are accessing our platform.
Q. What kind of NFTs are added to the Upstairs NFT marketplace?
We do not have any preference for genre, but all NFTs listed on Upstairs are curated. Meaning, we only list NFTs or digital collectibles from well-known IP and every IP has a contract binded which gives us the deed of assignment to release the NFT collection.
Q. Which blockchains are supported?
Both Ethereum and BNB Chain are supported.
Q. Is this marketplace ready to use? When is the official launch?
Yes, it will be officially launching on the 10th of October 2022.
Q. Have you conducted any code audits till date?
Yes, we have completed our smart contract with Certik and the full report can be seen from their website.
Q. What are some of the most famous NFTs on the Upstairs Marketplace?
All information about NFTs are not disclosed but you can expect to see even NFTs of World Class Pop Singer, Sports stars or even historical artifacts that you can only see at a museum.
Q. Is the project running right on track with the roadmap? What is your next planned event?
We will be sponsoring a few major sports events as well as organizing events overseas at some of the biggest blockchain conferences. Do look out for us.
Q. Any message for our readers?
Upstairs is meant to be for the community and for the people. We take pride in ensuring everyone’s needs are well catered for.
Follow Upstairs on social and interactive channels to stay updated with the latest developments on the platform.