NFT, short for non-fungible assets, has gained popularity in the crypto space. Most NFTs currently in use are either digital collectibles such as trading cards or tokenized representations of digital content – such as digital artwork, music or video. Generally, possession of these NFTs reflects the actual ownership of the product it represents.
However, the use of NXT does not stop here because it can also represent real-world physical goods, and making it possible is the Trace Network – an NXT-based enterprise defi protocol. The project recently achieved a milestone by launching Bling, the world’s first marketplace for NFTs based on limited edition luxury and lifestyle products.
Bling serves as a bridge between the physical and digital worlds by enabling designers and manufacturers to generate NFTs representing limited edition collections of luxury and lifestyle goods. These NFTs can then be listed on Bling, allowing any interested person to browse the market and buy the item of their choice. Bling also supports NFT auctions on the platform.
Anyone purchasing NXT on the Bling marketplace will not only own a digital representation of limited-edition luxury goods, but also genuine goods. Once the crypto asset is in possession, they can choose to either hold it, trade it with others like any other NFT or redeem it on the Bling platform to send the actual physical product to their address Huh. Meanwhile, all transactions involving the purchase, sale and possession of NFTs as well as the physical product that accompany it will be recorded on the blockchain.
The Bling NFT Marketplace leverages Trace Network’s enterprise-grade DeFi protocol, its smart contracts and business identity solutions in combination with Beaconomy’s end-to-end gasless solution to provide a completely transparent, decentralized and affordable solution for a specific market. takes advantage. Soon, Bling will be compatible with Polygon Networks.
Learn more at Bling Marketplace – https://medium.com/trace-network/introducing-bling-2e0dd14d6bb1