Physically backed NFTs will be a big thing

I’ve been digging deep into the world of physically backed NFTs for a couple of months now. There are a few companies doing this but [4K]( stick out the most for me. There’s a bit of a uniqueness with these types of NFTs since items like shoes, watches, wine, memorabilia, etc. already have ecosystems surrounding them and better yet, ecosystems that have shown to hold value. Tokenizing these items gives investors a lot more liquidity by being able to fractionalize and plug into DeFi. I’m pretty stoked to see how these types of NFTs change how we interact with real world assets.

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10 thoughts on “Physically backed NFTs will be a big thing”

  1. Heya,

    This is indeed a massive space that is growing. I’ve started a NFT project that will enable holders to invest in fractionalised, asset-backed NFTs like high value luxury collectibles, bags, watches, fine art, wine etc.

    But I think the big money and major industry change will come when this goes into real estate. As a capital intensive investment asset, fractional investing with NFTs solves the huge liquidity issue which will open up a new wave of investors into the market.

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  2. There’s also other companies that are getting into NFTs like this. StockX tried to do it but they got sued by Nike. A marketplace is probably a safer bet.

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  3. Great project mate but have you heard about Cultural Places mate? a digital guide for you to help experience arts and culture all around the world, even just using your smartphone! Also, includes tailored guides, location-based information, trip planning, and navigation for cultural travelers before and during their journey. DYOR about this awesome project that can help you have a great experience going to places you want to go or learn about.

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  4. Memes.inu is “The Crypto Pokemon Go” with an intergrated Swapping Platform + NFT Collection!

    SC & HC: 75 – 150BNB
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    Reply
  5. This is already a big thing in the WAX blockchain. They call it vIRL over there (virtual in real life). I know Funko, Hotwheels, and Rower Rangers all did vIRL releases tied to physical goods on WAX. There are a bunch of smaller projects doing these kinds of things now too. All have slightly different ways of executing the concept, but really interesting to see how the different projects are handling it. A lot of them have a sort of “cash in date” where they require collectors to exchange for the physical good so the project isn’t on the hook for storage forever.

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  6. I agree. Overall I think the 2021 gold rush of NFT has ended and now only NFTs with real life utility will have relevant value. I like what KR8 is doing

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  7. “Nice NFT you got there mate! Heard of Solchicks?
    1st and 2nd minting of NFTs was sold out in span of minutes!
    But dont worry, 3rd and final wave of minting of the genesis SolChicks NFT will be announced real soon!”

    Reply

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