A physically-backed NFT is a Non-Fungible Token (NFT) that is tied to a physical asset, like a bar of gold or expensive pair of sneakers. This physical asset is safely secured in storage and can be redeemed by the current NFT owner at any point.
Owners of these physically-backed NFTs can trade on any NFT marketplace, such as OpenSea or our marketplace, while being assured ownership transfers seamlessly through immutable blockchain technology.
Instant transactions over the blockchain regardless of item or geographical location
Low transaction fees due to one time authentication and nonexistent shipping costs
Guaranteed security through immutable blockchain technology and verified items
Assurance that your collectible is secured in a safe location, saving space in your home