{"id":23370,"date":"2022-03-09T09:41:11","date_gmt":"2022-03-09T09:41:11","guid":{"rendered":"https:\/\/www.appdupe.com\/blog\/?p=23370"},"modified":"2022-03-09T09:42:31","modified_gmt":"2022-03-09T09:42:31","slug":"build-an-all-in-one-nft-marketplace-for-real-world-assets","status":"publish","type":"post","link":"https:\/\/www.appdupe.com\/blog\/build-an-all-in-one-nft-marketplace-for-real-world-assets\/","title":{"rendered":"Build An All-in-one NFT Marketplace for Real-world Assets"},"content":{"rendered":"

NFTs (Non-fungible Tokens) are one-of-a-kind blockchain-linked digital assets. However, that begs the question – can they represent the real-world assets? The obvious answer is yes! One can scan, mint, and sell real-world assets as an NFT.\u00a0<\/span><\/p>\n

This coming-of-age technology is opening up trading opportunities – for the better. Let\u2019s take the American artist Mike Winkelmann (for instance) – a decade-long digital artist – recently sold his NFT artwork for $69million at a Christie\u2019s auction in March 2021.\u00a0<\/span><\/p>\n

On that note,<\/span><\/p>\n

What Brings NFTs and Physical Assets Together?<\/b><\/h2>\n

Real-world asset monetization is cumbersome, hard to track, and difficult to transfer. Even during the digitization era, monetization and asset exchange happened under the supervision of participants\/intermediaries. However, with the help of blockchain-linked NFTs, the buyers and sellers can trade real-world assets without any intermediaries.<\/span><\/p>\n

Similarly, a buyer can readily show ownership of the NFT after being purchased. As a result, if the buyer decides to sell, the NFT’s value will be preserved if not increased. It provides a clear advantage for anyone in the industry worried about legal ownership of their art, whether for appraisal or selling.<\/span><\/p>\n