NFTs attached to items is rapidly gaining traction, but what is interesting is that the vintage physical item that MNTGE ( https://www.mntge.io/) digitizes into an #nft can continue to accrue future experiences tracked on chain that are immutable which will add to its legacy, lore and possibly value.
", "Notes": "NFTs attached to items is rapidly gaining traction, but what is interesting is that the vintage physical item that MNTGE ( https://www.mntge.io/) digitizes into an #nft can continue to accrue future experiences tracked on chain that are immutable which will add to its legacy, lore and possibly value.
We've imagined this potential for #web3 for awhile now, but this is the first instance I have seen for using web3 infrastructure to track experiences tied to a physical item rather than a person.
The reason why this is important is because it helps prove the authenticity of items, where they have been, what previous owners have done with them, all of which increases their transactability online.
And transactions is not just limited to buying and selling anymore. With web3, it is a lot more, including:
borrow them
lend them out
shared ownership with others
fractional ownership with others
token ownership (Instead of owning a product, using a service or having an experience, consumers now can own, share, and trade the images of items, experiences, and services - paired up with a proof of ownership)
borrow against their value
lend out against their value
earn royalties from
insure them
prove ownership of
guard against counterfeits
get specific benefits as an owner from another user or entity
prove an action performed
help describe the owner, who they are, what they do, what they like (based on what they do and what they own).
can be dynamic, and not static, and accumulate features, qualities, and/or histories that change their value, utility or their story, all of which can be used as signaling to which others (people, technology apps, systems, metaverses) react.
" }