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Frequently asked questions

What is Lore?

Lore is an NFT co-ownership platform that enables groups of individuals to purchase, own, and use NFTs together. It is a web3 operating system that aims to make co-ownership ubiquitous by working with internet-first groups to pool their resources and accomplish their goals. Lore was previously known as Prysm and has recently re-branded.

How does Lore enable collective ownership?

Personal information refers to any information that can be used to identify an individual, such as their name, email address, phone number, or IP address.

What are the main features of Lore?

The main features of Lore include:

1. Collective Ownership: Lore believes in the power of collective ownership to transform society, markets, and culture. It aims to make co-ownership ubiquitous by working with internet-first groups to pool their resources and accomplish their goals.

2. Platform for Achieving Goals: Lore provides a platform for groups to achieve the impossible. It enables communities to create new narratives and sub-cultures that shape both the digital and physical worlds.

3. Direct Engagement with Communities: Lore works directly with communities to help them achieve their onchain goals and offchain missions. Its team collaborates with communities to execute ideas and design new products.

4. Infrastructure and Experiences: Lore provides infrastructure and experiences for anyone to achieve their goals. It harnesses the power of web3 to coordinate capital and collaboration among friends, enabling users to break barriers and achieve their objectives.

5. Safety and Transparency: Lore ensures the safety and transparency of users' journey on web3. It utilizes battle-tested, secure, and audited systems like Safe and provides transparency in ownership stake, voting power, and transaction history.

How can communities raise funds on Lore?

Communities can raise funds on Lore by utilizing the Collective Crowdfunding experience on Base. This feature allows communities to form funds onchain and take collective action. Lore provides the infrastructure and experiences for internet-first groups to come together and pool their resources to achieve their goals. By participating in co-purchasing and member contributions, communities can raise funds to acquire assets or support causes. Lore aims to make co-ownership ubiquitous and empower communities to accomplish their wildest goals.

Is Lore's platform secure and transparent?

Lore ensures the group's journey on web3 is safe and transparent by using secure and audited systems, such as Safe, and providing transparency in ownership stake, voting power, and transaction history.

How does Lore facilitate co-purchasing of NFTs?

Lore facilitates co-purchasing of NFTs by providing a platform for groups of individuals to come together and pool their resources to purchase, own, and use NFTs collectively. This allows individuals who may not have the financial means to own an entire NFT on their own to still participate in owning and enjoying the artwork. Through Lore, internet-first groups can easily create a community vault where they can raise funds and acquire NFTs through co-purchasing and member contributions. Lore's platform enables these groups to achieve their goals and create new narratives and sub-cultures in the digital and physical worlds.

How can Lore help communities grow their brand?

Lore can help communities grow their brand by providing infrastructure and experiences for internet-first groups to come together and pool their resources. With Lore, communities can achieve their goals and accomplish their wildest aspirations by harnessing the power of web3 and coordinating capital and friends. Lore also ensures the safety and transparency of the community's journey on web3 by using secure and audited systems. By utilizing Lore, communities can raise funds, engender trust, acquire more of what they love, and grow their brand and story.