Otis: Invest in Culture 4+

Culture is a new asset‪.‬

Otis Wealth

Designed for iPhone

    • 4.5 • 603 Ratings
    • Free

iPhone Screenshots

Description

Build a collection. And a portfolio.

Otis is an investment platform for cultural assets that makes it possible for almost anyone to buy and sell shares of rare sports collectibles, comics, sneakers, art and more.

Here’s how it works:

Invest
Each cultural asset on the platform has been securitized with the SEC and broken into shares. You can buy shares on our trading platform or directly from Otis.

Manage your Collection
View your portfolio and stay informed on the latest news and pricing information any time from within the app.

Real-Time Trading
All it takes are a few taps of the app to sell your shares to other Otis members. You can also receive a potential return if we sell one of the underlying assets you invested in.

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Disclosure:

Investments in alternative assets are illiquid and loss of invested capital is possible. Please review risk factors on our website: https://withotis.com/.

Dalmore Group LLC, member FINRA and SIPC, is the broker-dealer of record for Otis Wealth, Inc., an issuer direct offering. Dalmore Group LLC is located at 525 Green Place, Woodmere, NY 11598.

What’s New

Version 1.1.105

This week we made some under the hood improvements to improve the overall experience.

Ratings and Reviews

4.5 out of 5
603 Ratings

603 Ratings

supsupsuppp ,

A new, intriguing model

Owning a portion of protected art assets is something that took my head a few turns to get around. Now this is the only model that I realize makes sense to grow communities and financial ops for artists long term. My art is far from being on here, but the biggest downside of your art’s demand growing is that your community and early / young fans can’t really benefit from that growth unless they own part or all of pieces... which by definition gets harder and harder. Don’t know if this is the app that cracks this, but it feels like the future.

CAP001 ,

Ridiculous 100 Share Requirement

It used to be fun and affordable buying in on some of the newest and latest drops; but within the last few weeks/months they’ve started doing silly things - like offering $1 shares vs the typical $10 shares, which is theoretically great. It means more people can buy more shares now that they’re more affordable; however, they now require one to purchase at least 100 shares, so $100. I’m guessing that because of less people willing to put $100 down, a drop now seems to remain open for months prior to being available for trading. Speaking of trading; hours are a bit unclear - I’m not even sure why they have trading hours, it’s not like it’s the stock exchange. Anyways, the app just isn’t as much fun anymore now that drops aren’t as affordable and remain open forever. Overall, had liked Otis, and I still tell others about the platform; but hoping they go back to what it was like mid-2021 and earlier.

admx94 ,

Intriguing but shady

As an art collector I was advertised this app. Intrigued to see if it was an auction site I downloaded and learned that is an entirely different beast. As much as I am intrigued by how this site would function... there is simply not enough information disclosed for me to spend money on it. They are implying that these investments as just that.. investments ... and as such they could eventually pay out, but there is not enough information (if any) disclosed to share with “investors” how and when they would pay out (if ever), at what rate, and whether or not investors had any say in the process. Likely whoever has the majority of shares (who bought the most) is the actual owner and can do what they please with the asset purchased to the detriment of other smaller investors. In theory creating a more approachable mutual fund focused on art commodities would make sense and be potentially lucrative but the devil is in the details and seemingly very little are disclosed. Be weary.

App Privacy

The developer, Otis Wealth, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Used to Track You

The following data may be used to track you across apps and websites owned by other companies:

  • Location
  • Contact Info
  • Identifiers
  • Usage Data
  • Diagnostics

Data Linked to You

The following data may be collected and linked to your identity:

  • Financial Info
  • Location
  • Contact Info
  • Identifiers
  • Usage Data
  • Diagnostics

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

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