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
Labels:

Comments

Post a Comment

Any questions, Please.

Popular posts from this blog

ENS DAO delegates offer perspective on DAO governance and decentralized identity

AlphaWallet CEO and Spruce co-founder talk about their roles as contributors to the Ethereum Name Service following the project's recent airdrop. Earlier this month, the Ethereum Name Service, or ENS, formed a decentralized autonomous organization, or DAO, for the ENS community.  Cointelegraph spoke to two ENS DAO delegates who applied for the opportunity to represent the community and stay involved in the decision making process: Victor Zhang, CEO of AlphaWallet, an open source Ethereum wallet, and Gregory Rocco, co-founder of Spruce, a decentralized ID and data toolkit for developers. Zhang spoke about his experience as an external contributor to ENS and an early supporter since 2018. Zhang initially sought to help ENS by offering Alpha Wallet as a user-friendly tool for  resolving .eth names and cryptocurrency wallet addresses. Essentially, if a user inputs an .eth name in the AlphaWallet, it will show the wallet address, and vice versa using reverse resolution. Alpha...
Post a Comment
Read more

How Social Platform Chingari is Using Web 3.0 to Transform the Traditional Way We Use Social Media

The world is changing. This isn’t news to anyone, but sometimes it is nice to realize that—contrary to news headlines—not all the change is bad.  In fact, the last decade has seen so much innovation and so many improvements to technology that even 2015 seems like a different world.  Internet speeds, connecting with anyone globally (for free), and our ability to reach large groups of people without a middleman is nothing short of revolutionary. When it comes to technology evolution, this often happens with different iterations.  Once a system is mature, there’s a better idea of what we would like to change and improve.  We go back to the drawing board, target our creative minds at the issues, and create a new version that has evolved to better meet our needs.  The Internet has followed this model since its inception, evolving through three distinct stages.  We are only at the cusp of the third stage, called Web 3.0, with technologies such as blockchain and ...
Post a Comment
Read more

Osprey sues Grayscale for misrepresenting likelihood of GBTC ETF approval

Osprey alleges its only competitor on the BTC OTC trust asset market gained its 99.5% market share by misrepresenting the likelihood of its trust becoming an ETF. Digital asset manager Osprey Funds filed suit against Grayscale Investments in Connecticut Superior Court on Jan. 30, alleging violation of the state’s Unfair Trade Practices Act. The suit concerns Grayscale advertising and promotion of the Bitcoin ( BTC ) exchange-traded fund (ETF) it is seeking to create.  Osprey stated in the suit that it is the only competitor to Grayscale on the over-the-counter traded Bitcoin trust asset management market, and Grayscale maintained its leading position through deceit: “Only because of its false and misleading advertising and promotion has Grayscale been able to maintain to date approximately 99.5% market share in a two-participant market despite charging more than four times the asset management fee that Osprey charges for its services.” Specifically, Osprey alleged that Graysc...
Post a Comment
Read more