Search
  • Nico Ramirez

Are "crypto bros" the only people who can buy my physical NFTs?

TLDR: No!


The full answer requires diving into who is even buying NFTs and how physical NFTs actually offer a gentler crypto onboarding.


Who's buying these things

People are spending millions and even tens of millions on drawing-of-rock NFTs and bored ape collectibles and many have wondered who the hell is actually putting their money down? My guess is a lot of people into NFTs are those who got into crypto early. They might have been attracted by the paradigm-shifting decentralized aspect, or the highly lucrative investment aspect. Regardless, they are humans who have journeyed through the "early adopter" hoops. Hoops like creating a MetaMask wallet, going through the KYC process on an exchange, and (hopefully) educating themselves on what the whole "decentralization" thing even implies.


seriously
A half-million dollar rock

More people than you might think have made this a part of their personal journey. For example, MetaMask now has over 10 million monthly active users, and Coinbase has over 56 million! So the pool of people who have jumped through these hoops is significant, but still only a fraction of the population. So what if a non-crypto-person wants to buy a Verilink secured physical NFT? Do they have to jump through these early adopter hoops? Fortunately not.


One of the most gentle crypto on-boardings

Buying a Verilink product can actually serve as one of the most gentle on-boardings to the world of crypto and NFTs; allow me to elaborate. To buy a traditional NFT, you need to jump through all the aforementioned hoops, and only then can you purchase it. This is flipped with physical NFTs. You can absolutely buy the physical thing without even knowing what a crypto wallet is. The item's authenticity is still ensured thanks to the Verilink tag embedded in the item.


As crypto becomes more interweaved in society and the purchaser becomes more intrigued, they can optionally make a wallet and posses the NFT which, until that point, would digitally be "owned" by Verilink (or the creator). The owner of the physical item can use the app to scan the item which proves to us that they are in possession of it. We then digitally transfer the item to their crypto wallet of choice.


But how do they buy it if they aren't crypto people

Well technically, you could Venmo the NFT's owner and, assuming they have some technical know-how, they could just transfer it to you on the blockchain. So with this in mind, it should be clear now that you can sell your physical NFTs via your existing distribution method. And thanks to the possession process you don't need to manually transfer the NFT to their wallet!


Conclusion

Unlike traditional NFTs that require a specific journey to even think about buying, physical NFTs offer one of the most gentle onboarding experiences into the world of crypto. People who don't quite get the purpose of a decentralized system yet can still get behind the proof of authenticity and digital experience. Once it clicks, they can optionally possess the digital item.

108 views0 comments

Recent Posts

See All