πͺStore
Digital But Physical
Last updated
Digital But Physical
Last updated
PhygitalX STORE is a feature that allows users to buy NFTs that are linked to physical products directly from actual merchandisers.
It features a storefront portal that shows everything about a product, including descriptions, price, and utilities, which helps users make informed decisions when buying the NFT.
Users can also view the history and origin of the product. This way, users can verify the authenticity and uniqueness of the product and the NFT.
From another perspective, PhygitalX STORE offers a way to accept crypto payment in business, where merchants can sell NFTs, get paid in cryptocurrency, then ship a tied product to customers.
It seems like selling NFTs on the surface, but the core is a brand new revenue stream with millions of potential customers all over the World.
Merchants can also benefit from the increased exposure and demand for their products, as well as the reduced transaction costs and risks associated with crypto payments.
In this case, NFT mainly serves as a digital certification, or a proof of ownership for merchandise, which elevates product value significantly.
By incorporating an NFT into the sales process, each product becomes more than just a physical item.
It becomes a digital asset that can be traded, collected, and displayed on various platforms.
It's also part of a larger community of NFT enthusiasts who appreciate the innovation of NFT and the tied product.