Phygital NFT Marketplace Development
Bridge the gap between the physical and virtual worlds through a phygital NFT marketplace, poised to become the ultimate entry point for new Web3 adopters.
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What are Phygital (Physical Asset-based) NFTs?
Phygital NFTs are physical assets that grant access to virtual assets through exclusive applications. While similar tokens have existed for a long time, phygital NFTs introduce the concept of both physical and digital assets coexisting (previous physical NFTs were based on redeeming tokens). These physical asset-based NFTs are predominantly used by brands aiming to establish a presence in the Web3 world by providing authentic customer experiences. Examples include alcoholic beverages, antique collectibles, apparel, and even toys paired with in-game digital assets, where physical product-based NFTs are utilized.
Phygital NFT Marketplace Development Services
Phygital NFT marketplace development has evolved significantly over the years since redeemable NFTs were introduced. Such platforms effectively silenced critics of NFTs by demonstrating real-world utility. Over time, phygital NFTs have also advanced to enable simultaneous functionality, a revolutionary development in the Web3 world. Therefore, creating a phygital NFT marketplace allows you to stay ahead in a lasting trend.
Our experts have mastered phygital NFT marketplace development through access to advanced technologies and Web3 forums. We are a large team of skilled developers, designers, testers, and marketers capable of crafting perfect phygital NFT marketplace solutions that meet all your business needs quickly and affordably.
How Does It Work?
An NFT marketplace for physical (or rather, phygital) collectibles functions similarly to any other NFT marketplace, with the added process of providing your delivery location or preferred delivery outlet. While acquiring NFTs and physical items is primarily an authentication process, phygital NFTs offer broader possibilities. These assets aim to reward loyal brand customers by using NFTs as access passes to exclusive events and airdrops.
The working process behind a phygital NFT marketplace begins with users creating accounts and linking their crypto wallets. They can then browse the platform and purchase their phygital assets through bidding or direct payments. Afterward, they receive the physical item and gain access to the NFTs that back it. Conversely, a user can acquire the NFT and use it to obtain the physical property. They can then own both the NFT and the physical product, using them together. In some cases, they can even trade the NFTs secondarily without losing the physical item.
Metaverse-based Phygital NFT Marketplace
A metaverse-based phygital NFT marketplace allows users to utilize their digital assets in virtual environments. For example, a user purchasing a pair of phygital shoes can wear them physically while their avatar sports the digital version in a metaverse. Leading virtual worlds like The Sandbox have already collaborated with phygital NFT platforms to enable such integrations. With AR and VR advancements, these metaverse experiences are becoming even more immersive, while phygital NFTs bring real-world authenticity into virtual realms.
Features Of Our Phygital NFT Marketplace
Storefront
This portal showcases detailed product information including descriptions, prices, utilities, and ownership history — helping users make informed buying decisions.
Built-in Wallet
Users can securely store cryptocurrencies and digital tokens representing purchased physical assets using integrated or external crypto wallets.
Search Engine
The platform features an advanced built-in search engine, allowing users to easily find their favorite brands or assets with precision and speed.
Filter/Sort
Users can refine and organize search results through advanced filter and sorting options, ensuring faster product discovery and checkout.
DeFi Features
Integrates stake-to-earn and other DeFi utilities that incentivize participation, allowing users to earn platform-native token rewards.
Listing Portal
Sellers can list verified phygital NFTs by submitting product details, descriptions, and pricing for admin verification prior to publishing.
Live Auction Portal
Enables real-time bidding for phygital NFT assets, featuring live auction updates and transparent transaction tracking for all participants.
Benefits Of Our Phygital NFT Marketplace
Transparency in Trusting
Blockchain’s immutable framework guarantees full transparency in every transaction, enhancing consumer confidence and trust in brands.
Brand Protection
Phygital NFTs empower brands to combat counterfeiting by allowing customers to verify product authenticity directly on the blockchain.
Item Tracking
Each transaction is permanently recorded, allowing buyers to trace an item’s complete history — from origin to ownership transfers.
Upcycling Management
Brands can leverage NFT ownership data to design effective upcycling and reuse programs, promoting eco-conscious product lifecycles.
Why choose us?
Techfyte is one of the legendary names in the Web3 domain, with a team consisting of qualified experts in each facet of development. Our expertise in phygital NFTs has grown within a short time in spite of new upgrades evolving in the Web3 world every day. Create a phygital NFT marketplace today with our professionals as you are assured of getting a best-in-class platform. We concentrate on fulfilling every business need of our clients, which makes our phygital NFT marketplace development services one of the best in the world. If you want to create a phygital NFT marketplace, chat with one of us today to get started!
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