Skip to main content

Trekkies Rejoice, Real World Shatner NFTs Now Available to Buy

Best known for playing Captain James T. Kirk in the iconic Star Trek franchise, William Shatner is selling signed and authenticated NFTs. In conjunction with Mattereum, Shatner is auctioning real-world asset non-fungible tokens (rwaNFTs) via the OpenSea marketplace.

Real World NFTs From Star Trek and Boston Legal up For Grabs

The word NFTs conjures up thoughts of digital artwork for most people. But, NFTs can encompass a variety of other use cases, including event tickets, identity documentation, and gaming items.

Off the back of several high-profile sales, most notably Beeple’s First 5000 Days, it’s the NFT art market that has garnered the most attention in recent times. However, despite bringing art to a whole new audience, some art purists say there’s no substitute for physical art.

But that argument becomes void when it comes to the tokenization of real-world assets. Shatner’s rwaNFTs represent memorabilia and props from his roles as Captain Kirk of Star Trek and Denny Crane from Boston Legal.

The rwaNFTs are blockchain tokens that give digital ownership of a physical good recorded on the Ethereum blockchain. Third Millennia are responsible for ensuring items meet the expectations of collectors. At the same time, Mattereum has handled the asset passports, vaulting, and insurance.

The holder of the rwaNFT can exchange the token for the physical item and have it shipped to them. It’s assumed the rwaNFT is burned once exchanged. Alternatively, they can choose to keep the NFT and trade it with others.

Shatner commented that this collaboration is a prime example of bridging the digital and physical world. He called this the future of consumer products, where blockchain technology assures authenticity for buyers.

I am thrilled that the first authenticated products from my new company, Third Millennia, are coming to auction. These figures, pieces and props represent a bold step into the future of consumer products where, using crypto technology, consumers can be assured of what they purchased. This is the future everybody.

Tokenization Will Revolutionize Capital Markets

In the case of Shatner NFTs, the primary benefit of tokenization comes down to the authentication of collectibles. However, asset tokenization has the potential to transform and modernize the entire global economy.

This is because many real-world assets are considered illiquid. Things such as land and gemstones are somewhat difficult to turn into cash at short notice.

But tokenizing physical assets unlocks their potential by providing a framework with which to trade these assets in a manner much more efficient than the current convention.

“Unlocking the capital market’s potential means enabling individuals to trade with any valuable asset, anywhere and anytime in a reliable and swift manner.”

The crypto economy is just beginning to inroads into the real world. It won’t be long before blockchain is an integral part of everyday life.

Ethereum daily chart. NFTs.

Source: ETHUSD on TradingView.com


from NewsBTC https://ift.tt/39sEnCU
via IFTTT

Comments

Popular posts from this blog

Five Bitcoin Price Charts Analyzing The Dramatic Q1 2022 Conclusion

There are only hours remaining until the Q1 2022 close in Bitcoin price action. With the important quarterly candle set to close tonight, let’s look at what technicals might say about the direction of the next quarter. Q1 2022 Comes To A Close For Bitcoin The first quarter of a year, often sets the tone for the year to come. In investments, a poor Q1 performance is indicative of a bad year ahead. Considering the fact that Bitcoin price is now above $45,000 after touching $32,000 this quarter, it is tough to say the performance has been “poor” by anything other than crypto standards. Related Reading | Bitcoin Weekly Momentum Flips Bullish For First Time In 2022 The cryptocurrency has recovered nearly 40% from the low, leaving a long wick behind. Such a long wick suggests that before the quarter came to a close, buyers stepped up in a major way. Buyers were able to step up in a larger capacity in Q1 2022 than bears were able to in the final quarter of last year. The bearish wick to cl...

FTX hacker reportedly transfers a portion of stolen funds to OKX after using Bitcoin mixer

On-chain activity suggests that the hacker has sent at least 225 BTC (4.5 million) to OKX so far. Hackers who drained FTX and FTX USA of over $450 million worth of assets just moments after the doomed crypto exchange filed for bankruptcy on Nov. 11, continue to move assets around in an attempt to launder the money.  A crypto analyst who goes by ZachXBT on Twitter alleged that the FTX hackers have transferred a portion of the stolen funds to the OKX exchange, after using the Bitcoin mixer ChipMixer. The analyst reported that at least 225 BTC — worth $4.1 million USD — has been sent to OKX so far.  1/ Myself and @bax1337 spent this past weekend looking into the FTX attacker’s deposits to ChipMixer. It appears they’ve likely been transferring a portion of the stolen FTX funds to OKX after withdrawing from CM So far we’ve accounted for at least $4.1m (255 BTC) sent to OKX pic.twitter.com/C46JZWtktn — ZachXBT (@zachxbt) November 29, 2022 According to ZachXBT, the FTX h...

2 metrics signal the $1T crypto market cap support likely won’t hold

Despite the 8.5% weekly rally in cryptocurrencies, the lack of stablecoin premiums in Asia and futures markets activity shows buyers’ lack of confidence. Cryptocurrencies broke the $1 trillion market capitalization resistance on Oct. 26, which had been holding strong for the previous 41 days. Despite Bitcoin’s ( BTC ) modest 5.5% weekly gains, the aggregate value of 20,000 listed tokens increased by 8.5% between Oct. 24 and 31. Total crypto market cap, USD (in billions). Source: TradingView The cryptocurrency market was positively impacted by a 6.3% weekly rally in the Russell 2000 mid-capitalization stock market index. Some encouraging news accompanied the positive tailwinds from traditional markets. For instance,  55,000 BTC was withdrawn from Binance on Oct. 26, a record high. Typically, analysts consider the reduced number of coins deposited on exchanges a bullish indicator, as the immediate selling pressure eases. Moreover, exchange and wallet provider Blockchain.com ...