I want to make NFTs with Legit Use Case
<!-- SC_OFF --><div class="md"><p><strong>Idea: Physically backed Collectibles Marketplace.</strong></p> <p>An NFT that represents the underlying Collectible, for example, Air Jordans, Hermes Bags, and Pokemon Cards. This way, people can speculate on the price of these IRL collectibles without having to own the physical product.</p> <p>How do we work?</p> <p>Resellers send us collectibles, we verify and once authenticated, mint it. Then these NFTs get traded however they want on chain. Finally, if someone wants to redeem the NFT for the actual good,</p> <p><strong>But why would you invest in this NFT instead of the physical product?</strong></p> <ol> <li>Storage: Resellers/Investors have tens of thousands of products and it takes up enormous amounts of space. We solve that by being digital and holding the product for you</li> <li>Slow Transaction speed: Resellers and Investors want faster transaction speeds. Right now each transaction takes weeks accounting for shipping. We shave that time down to seconds</li> <li>High Transaction Cost: StockX, eBay, Goats, etc charge around 20% per transaction due to shipping + authentication costs. We don&#39;t need to pay for shipping and only need to authenticate the product once allowing us to lower the fee by half.</li> <li>Poor Authentication: StockX has to authenticate goods every transaction resulting in many fakes slipping through. We only need to authenticate the product once enabling a higher quality and more thorough vetting process.</li> </ol> <p>I&#39;m thinking of creating this product if there is demand for it.</p> <p>What do you think about it and would you use it?</p> </div><!-- SC_ON --> &#32; submitted by &#32; <a href="https://www.reddit.com/user/Corfish123"> /u/Corfish123 </a> <br/> <span><a href="https://www.reddit.com/r/ethereum/comments/yxjry5/i_want_to_make_nfts_with_legit_use_case/">[link]</a></span> &#32; <span><a href="https://www.reddit.com/r/ethereum/comments/yxjry5/i_want_to_make_nfts_with_legit_use_case/">[comments]</a></span>
