Hypebeast
SNKR Project Unveils a $95 USD “Triple S” Bootleg
Arc Footwear
Merging Blockchain and Fashion
New York, NY
Fashion & Apparel
Arc Footwear, Corp. focuses on merging the gap between footwear brands and blockchain technology. Our team brings digitally native, highly innovative, and unique footwear brands to market with physical products and soon to be released digital collectible NFT’s, gaming assets, and a groundbreaking marketplace for the fashion world. Arc Footwear’s management team has the ability to develop each brand within our umbrella while reducing overhead. Bridging our brands with blockchain technology not only guarantees unique digital and physical assets to the consumer, but to the creators as well - which we believe is a first within the footwear industry. Arc Footwear’s management team led our first brand together in 2017, SNKR Project, which grew to $3.5M in lifetime sales since 2017. In October 2020, Arc Footwear, Corp. received the global license for SNKR Project. With our current track record, we believe Arc Footwear’s future brands will follow similar trajectories.
$54,891
raised
197
Investors
$8M
Valuation
$5.00
Price per Share
$200.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on July 31, 2021 and is no longer accepting investments.
Reasons to Invest
Our first brand SNKR Project has grown its reach tremendously with placement in 270+ stores US-wide including Bloomingdales, Dr. Jays, and City Gear, averaging an online customer review of 4.85/5 stars.
World-class crypto-enthusiasts Joel Comm and Travis Wright will serve as Strategic Advisors lending their expertise on all blockchain related strategies and development.
Arc Footwear anticipates launching: SNKR Wars digital tradable product backed NFT card packs, SNKR Tokens, SNKR Wars digital game, and Groundbreaking DeFi NFT fashion metaverse, all on track for release within 2021 through 2022.
The Problem
We believe conventional retail isn’t able to serve the modern day consumer’s desire for a constant influx of new brands that are equipped with today's technology
In our opinion, the conventional retail model has become complacent and stale, combined with the rise in new media and technology, there has been a driving force of change. We believe that consumers now expect more and more customization and personalization in their shopping experiences. People expect to truly connect with every aspect of the brand, especially on a digital playing field.
Conventional retail prohibits true ownership of physical product tied to unique digital assets, preventing consumers from realizing their full potential to accrue value, as well as the opportunity to profit through secondary market opportunities.
The other side of this equation is the creator. Historically, the creators and designers within the footwear industry have not received any credit for their original designs. Now we have the opportunity to authenticate original designs and give the designer an opportunity to profit through the secondary market. This can be done anonymously, think of it as a nice middle finger to corporate.
The Solution
ARC Footwear Corp. will use blockchain to accelerate growth for our brands
This portfolio of brands will share the costs of operations, infrastructure, and data, which we believe will drive down redundant costs while pushing ahead with powerful go-to-market strategies.
This, combined with next level consumer & creator digital collectibles backed by limited physical product, a gaming platform, and one of the first ever fashion metaverses, will set us apart from other brands in the game. SNKR Project is our inaugural brand that we anticipate will launch ten silhouettes with corresponding digital assets.
Here’s a closer look at each asset component:
1 - SNKR WARS - Digital Collectible NFT’s
It begins with ten fresh SNKR designs, where SNKRhedz culture meets robots. Here is a concept of a SNKR design with a corresponding stylized bot.
Each sneaker drop will offer a corresponding NFT card pack which offers the chance to be backed by a limited physical product. We anticipate our NFT card packs will be available on The Worldwide Asset eXchangeTM (WAX). We believe WAX is the safest and most convenient way to create, buy, sell, and trade virtual items (NFTs) - to anyone, anywhere in the world. Here are some brands featured on the WAX network:
Here’s a look at our card pack concepts featuring various rarities. These are on track for release in Q3, 2021.
2 - SNKR WARS - Game
Assets will be created from each SNKR Wars digital trading card NFT Drop. You will be able to choose either a sneaker or a robot asset to create your minted NFT trading card. You will be able to choose colors for your bot/sneaker, multiple backgrounds, and add ons like weapons, wings, jet packs, etc.
Players will also be able to select card characteristics such as animated backgrounds. Each add on and asset will be payable with SNKR tokens. Once a combination of assets is used and minted it is gone for that Drop. Players will have the ability to battle for SNKR tokens, stake them for more power ups, and buy new assets once more drops are released.
3 - ArcLands Metaverse
ARCLANDS.io will be hybrid of Sandbox, Superworld, Voxel, and a marketplace in one space for the fashion world. ARCLANDS.io will bridge the gap between the metaverse and the physical world.
Phase 1:
Globally there are major hotspots for shopping: NYC, Tokyo, London, Paris, & Amsterdam to name a few. The idea is to create and sell digital land plots for verified footwear, apparel, and accessory brands. Each participating brand will acquire a virtual storefront. Select multi brand stores and Blockchain businesses may also participate but will be limited. Stacked residential apartment plots for non-business owners will be available for community members to purchase. Each virtual storefront will be created to sell the brand’s goods, which will be minted as an NFT to link to the physical goods. Apartments will act as a digital wallet used to store community members product backed NFT’s and viewed as a virtual closet.
Phase 2:
The evolution will be a virtual game where you can actively move through this world. Inside this metaverse, brands will use their storefronts to advertise, do product launches, and virtual events as if we were in a real space. Community members can attend these events, socialize & shop with other members, trade assets and real estate with other members, attend virtual concerts, and more.
(concept of shopping within virtual storefront)
The Market
Our leading brand, SNKR Project, is already tapping into the streetwear and will soon expand into gaming, and NFT markets, which collectively are worth hundreds of billions of dollars
Streetwear Market:
The market is $185B for streetwear at large, which is growing quickly and outpacing much of the rest of the slowing retail industry. In a recent study, 3/4 industry respondents reported they believe streetwear will grow significantly in the next five years.
NFT Market Capitalization 2018-2020
According to CNBC, sales of NFT’s soared to more than $2 billion in the first quarter of 2021 — more than 20 times the volume of the previous quarter.
NFT and Gaming Market Distribution
Trends of 2020
The metaverse continues to dominate the NFT ecosystem while Gaming is maintained and occupies a critical place in the Industry.
Within traded assets, the market remains dominated by Gaming, followed by Collectibles.
Trends of Q1 2021
Within Q1, Collectibles dominate the industry.
“...so much has changed since December 31, 2020, a whole new era of the NFT industry has dawned with this new asset class attracting media coverage like never before. Many skeptics have started to raise their heads as the increase in value has people speculating on an NFT “Bubble”. - Source: nonfungible.com
The pioneers, builders and those who have been participating in building this ecosystem for more than three years are very aware that this is no bubble, but an underlying trend, slow, powerful, relentless.”
Our Traction
SNKR Project has $3.5M in product sales to date and the digital assets are in development
For SNKR Project, we have had $3.5M lifetime revenue since 2017 ($430K online) and are currently available in 240 retail stories in over 20 states.
Key personnel have been engaged for creative and technical production of all digital assets. Development of the NFT’s and gaming assets are in development and we anticipate they will be ready to launch for Q3. The fashion metaverse concept phase is underway with a plan to launch in Q1, 2022.
3D Product and bot development
Featured Strategic Advisors
Arc Footwear, Corp. is excited to announce our key blockchain and NFT strategic advisors Joel and Travis. Together they host two top ranked Apple podcasts, The Bad Crypto Podcasts and Nifty Show. Joel and Travis are advisors to numerous blockchain and NFT-related projects, creators of the best selling Blockchain Heroes and The Bitcoin Collection digital collectibles, and hold seats on the WAX Advisory Council.
What We Do
Leverage our pipeline and soon blockchain to build shoe brands
As a one-stop shop for brands looking to launch under the guidance of pros and experienced marketers, we are an ideal solution. We build brands with character.
In our eyes, Arc Footwear, Corp. introduces the future of the footwear industry that will allow brands to define and use their digital identity through NFT’s, gaming assets, and a fashion metaverse, to engage customers and drive growth. We believe we will be the first footwear company to offer our footwear creators smart contracts where they can authenticate their designs and earn a commission on all sales of the physical product, indefinitely - even if one chooses to start future employment at another footwear company - you still deserve to earn for the work you have created and authenticated.
The Business Model
Multiple revenue streams: D2C & U.S. Retail store distribution of physical goods & Digital Revenue: NFT’s, Gaming, and Metaverse transactions.
On the WAX network our community of SNKRhedz will be provided a wallet enabling them to purchase and trade our digital assets. We will accrue revenue as these assets are sold & on secondary markets, such as:
Digital gaming assets will be available for purchase to create minted NFT trading cards.
The fashion metaverse will provide various streams of revenue through sales of, but not limited to: virtual land plots and the access to purchase physical product.
On D2C sales for SNKR Project, the business line has previously net on average a 75% gross profit. Our customers only return 6.2% of our shoes, compared with an industry standard of 30%.
In our B2B sales, we have a 40% gross profit and are in early discussions with a financing program to purchase wholesale inventory that would require no cash outlay. We expect for both of these margins to stay in place as Arc Footwear transitions to having the exclusive license.
OUR LEADERSHIP
Arc Footwear, Corp. is led by an expert team of marketers, developers, creators, and technologists.
Arc Footwear has a team with decades of experience and extensive backgrounds of footwear design, development, digital marketing, website development, and crypto enthusiasm. Our collective track records of owning brands, licensing brands, owning digital agencies, and launching startups, provides a strong foundation to continue growing Arc Footwear, Corp.
Why Invest
We believe that now is the time for Arc Footwear, Corp. to lead a new class in the footwear industry.
Arc Footwear, Corp. is positioning itself to bridge the gap between fashion and blockchain. Our vision is to educate and empower our SNKR community, and the greater industry, in the blockchain space - and vice versa. We will inform our community how to create and protect their digital fashion identity while also accruing and increasing their value.
SNKR Project is just the beginning for us. We have two additional brands in the pipeline and more to come. We believe this is the future of fashion. We’d love for you to come with us on this journey.
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE
Quick Insert
In the Press
Offering Summary
Company | : | Arc Footwear, Corp. |
Corporate Address | : | 1460 Broadway, New York, NY 10036 |
Offering Minimum | : | $10,000.00 |
Offering Maximum | : | $1,070,000.00 |
Minimum Investment Amount(per investor) | : | $100.00 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 2,000 |
Maximum Number of Shares Offered | : | 214,000 |
Price per Share | : | $5.00 |
Pre-Money Valuation | : | $8,000,000.00 |
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Time-Based Perks
Friends and Family Early Birds
Invest within the first 48 hours and receive additional 25% bonus shares.
Super Early Bird Bonus
Invest within the first week and receive additional 20% bonus shares.
Early Bird Bonus
Invest within the first two weeks and receive an additional 10% bonus shares.
Amount-Based Perks:
This includes SNKR Project + All new brands created by Arc Footwear, Corp. *Discount off regular price physical items only. Lifetime discounts do not stack and are not valid on any digital purchases.
$200 | Receive a free early release *SNKR Wars Promo NFT Card Pack!
$500 | Receive the *SNKR Wars Drop 1 NFT Card Packs
$1,000 | Exclusive SNKR Wars NFT Trading Card +15% Lifetime Discount
$2,500 | Exclusive SNKR Wars Start Engine NFT Card Pack + 25% Lifetime Discount
$5,000 | One Year SNKR Wars NFT Subscription Box + 10% Bonus Shares and 30% Lifetime Discount
$10,000 | 15% bonus shares + *Limited Edition SNKR Project Drop 1 NFT Backed Sneakers
$20,000 | 20% bonus shares + Work with our designers to turn yourself into a SNKR Wars NFT Bot! receive 20% bonus shares and a 40% lifetime discount. You will also receive all lower tier non-discount perks.
**All Perks occur after the offering has concluded.
*SNKR Wars Promo NFT Card contains 3 cards of various rarities.
*SNKR Wars Drop 1 NFT Card Pack contains 5 cards of various rarities.
*SNKR Wars NFT Trading Card is an exclusive card design for Start Engine only.
*SNKR Wars Start Engine NFT Card Pack is an exclusive pack only available through Start Engine containing 25 cards of various rarities.
*SNKR Wars Subscription Box delivers any of our NFT drops for one year.
*Limited Edition SNKR Project Drop 1 NFT Backed Sneakers are exclusive sneakers tied to a digital NFT.
The 10% Bonus for StartEngine Shareholders
Arc Footwear Corp. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $5.00 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $500. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Salary payments made to one’s self, a friend or relative.
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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$280.00
USD
$0.00
USD
Cash And Cash Equivalents
$280.00
USD
$0.00
USD
Accounts Receivable
$0.00
USD
$0.00
USD
Short Term Debt
$0.00
USD
$0.00
USD
Long Term Debt
$0.00
USD
$0.00
USD
Revenues And Sales
$0.00
USD
$0.00
USD
Costs Of Goods Sold
$0.00
USD
$0.00
USD
Taxes Paid
$0.00
USD
$0.00
USD
Net Income
-$2,820.00
USD
$0.00
USD
Risks
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Updates
Notice of Funds Disbursement
3 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Arc Footwear has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Arc Footwear be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
SNKRWARS Featured in Nifty News!
4 months agoWe are excited to share that our SNKRWARS story was mentioned on The Nifty Show podcast, episode 70 - Nifty News. Hosts Joel Comm and Travis Wright speak to our project as well as a bunch of other current NFT headlines. Please take a listen to their take on what we are doing:
NIFTY NEWS #70 with SNKR WARS and ARC FOOTWEAR
Notice of Material Change in Offering
4 months ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Arc Footwear offering. Here's an excerpt describing the specifics of the change:
Arc Footwear extended its offering.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
June 2021 Update
4 months agoWe’ve crossed the 50k milestone on our StartEngine raise and we couldn’t be more excited!
Here is a list of highlights from June:
-Successfully completed all sneaker and robot Concept designs, along with collaborations with Blockchain Heroes.
-Final development of all variations for digital card packs to be completed by mid-July
-Physical sneakers are in the prototype stage
-Landing page for SNKRWARS is live https://www.snkrwars.com/
-PR campaigns have started, check out the featured article at https://www.one37pm.com/nft/fashion/nft-sneakers-rtfkt-studios-cryptokickers-snkr-wars?utm_source=link_copy&utm_medium=referral
We have a lot more coming down the pipeline to keep the momentum up! Thanks again for investing in Arc Footwear Corp.
NFT TRADING CARD TEASER
Notice of Funds Disbursement
4 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Arc Footwear has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Arc Footwear be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Arc Footwear Merging Blockchain and Fashion
5 months ago
Firstly, a thank you to our community for the continued support! It’s been a while since our last update mostly due to our work behind the scenes the past few months. If you haven’t already noticed, Arc Footwear has recently executed a massive campaign page update. Blockchain technology has been on our radar for quite some time, and we continued to ask ourselves: what do NFT’s mean to Arc as a company, and the fashion industry as a whole? Quite frankly, it matters a lot, and the importance & value is growing daily. After many internal conversations, we decided to bring our passion for crypto to our brand SNKR Project. Our NFT card packs, backed by limited physical product is just the beginning, we are also planning to launch digital gaming assets as well as a groundbreaking fashion metaverse. Please visit our campaign page to read more about this new initiative.
Everything Arc embodied at the beginning of this launch remains, we are building digital brands, and now we are introducing the digital assets as an added benefit to the company, the consumer, and the creators. We are pumped to begin launching our new collection of sneakers and the corresponding digital assets. We believe this is a very unique opportunity and honored to receive your continued support. Please stay tuned for more frequent updates over the next 30 days.
We believe blockchain is the future of fashion.
-The Arc Team
Notice of Material Change in Offering
5 months ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Arc Footwear offering. Here's an excerpt describing the specifics of the change:
Arc Footwear adjusted its perks, page, team section, minimum investment and various sections of its Form-C to reflect new business initiatives.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Notice of Material Change in Offering
6 months ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Arc Footwear offering. Here's an excerpt describing the specifics of the change:
Arc Footwear provided updated financials, extended their campaign duration, and added a new Director.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Notice of Funds Disbursement
7 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Arc Footwear has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Arc Footwear be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Notice of Funds Disbursement
8 months ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Arc Footwear has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Arc Footwear be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
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