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Collateral Network's Tangible NFTs are a fusion of the physical and digital, transforming the way assets are managed and traded.
- 1.Minting and Representation: Upon asset purchase, an NFT is minted to digitally represent that specific asset. Various security measures are applied, depending on the nature of the asset, to ensure physical security.
- 2.Ownership and Transferability: The corresponding NFT is sent to the buyer's digital wallet, providing full control and transferability. This on-chain representation on the Ethereum and WETH blockchain guarantees transparent transactions.
- 3.Liquidity and Redeemability: Tangible NFTs are more than symbolic; they're fully liquid, tradable assets. Lenders, too, can release their invested money through NFT trading within COLT's marketplace.
- 4.Integration with COLT Ecosystem: These Tangible NFTs play vital roles across the ecosystem, from the marketplace to auctions and crowdlending, providing a broad spectrum of opportunities.
Tangible NFTs within the Collateral Network open doors to a new dimension in decentralized finance, marked by efficiency, creativity, and security. Engaging with these assets on the Ethereum and WETH blockchain provides a unique and secure platform like never before.