Imagine owning a piece of digital art that you can hold and display in your home. It might sound like something straight out of a sci-fi movie. Yet, the exciting development of Physical NFT assets has opened endless possibilities for collectors, artists, and businesses as sci-fi movies in real life. Fasten your seatbelts as we adventure into this fascinating realm where technology meets real art.
Key Insights:
- What are Physical NFT Artworks and Collectibles?
- What Physical NFTs Look Like – With Examples
- How to Turn Your Art into NFT (and Link to a Physical Item)
What are Physical NFT Artworks and Collectibles?
Non-fungible tokens (NFTs) are examples of digital products kept on blockchain ledgers. You can acquire a one-of-a-kind digital piece by purchasing an NFT or produce your own by digitizing physical works of art to sell on the NFT market.
Physical NFTs offer a unique and secure way of accumulating and exchanging digital assets by fusing the blockchain’s authenticity with the tangible nature of physical objects. This type of non-fungible token is cryptographic that grants ownership of goods like artwork, merchandise, real estate deeds, and other assets and is connected to physical acquisitions. They have two components: a digital feature kept on a blockchain and a physical piece you can display.
As per usual, the value of NFTs is high due to the following reasons:
- Verifiable and tradeable ownership record
- Scarcity in the marketplace
- Utility in the market, such as raising funds via auctions
- Rarity of tokens
Physical NFTs have the potential to become even more popular in the cryptocurrency industry because they allow NFT collectors to both own a tangible asset and store their digital assets on a blockchain. Additionally, an actual copy of your token makes the experience more authentic for you as a consumer.
The Advantages of Physical NFTs
NFT assets and projects now play a massive role in the crypto industry. Aside from improving your collecting experience, physical NFTs also serve particular purposes that no other token can do.
1. Additional Layer of Transparency
Physical NFTs add a layer of authenticity to your purchases because they are connected to actual, tangible artworks and collections. These purchases must have a unique QR code programmed to authenticate the physical object.
You’ll have a secured link to the file on this chip. As a result, buyers can possess a tangible item to hold and exhibit while remaining confident that it is a unique digital collectible.
2. Wider Target Market Reach
The market of today describes itself as being digitally inclined. Combining an NFT with its physical counterparts will probably appeal to them and a wider demographic at a period when more digital enthusiasts are becoming interested in cryptocurrencies.
3. Avoid the Spread and Usage of Fake Products
One advantage of buying NFTs is the assurance of their provenance and validity. They are going to be difficult to fake and unlikely to be copied.
A physical NFT provides extra protection against counterfeit products that consumers purchase. The tangible items have trackable histories stored in chips or QR codes. Forging or tampering with the product’s digital record on the blockchain is nearly impossible.
What Physical NFTs Look Like – With Examples
Physical NFT artworks and collectibles are unique pieces that combine the best of both worlds: the rarity and provenance of traditional art with the security and immutability of blockchain technology. They come in all shapes and sizes. So, if you’re wondering what Physical NFTs might look like, we’ve provided examples.
RTFKT Studios
The cyber sneakers released by RTFKT Studios have been prevalent in physical NFTs. Due to its popularity, the NFT became the blueprint for creation in the real world, according to non-fungible token holders.
GAP
The retailer company GAP has also made its big play for NFTs following the release of its NFT collectible series. These collectibles were launched in collaboration with the Tezos blockchain and partnership with Frank Ape.
Adidas Originals
Adidas Originals is a clothing and footwear company that combines sports and fashion. In May 2022, this company presented a fusion of digital and physical merchandise.
It builds on the initiative Adidas started in January of the same year and solidifies the company’s position as a trailblazer in the field of interaction with both physical and digital products. This round induced NFT collectors to advance to the next stage of a larger metaverse scheme.
How to Turn Your Art into NFT (and Link to a Physical Item)
It’s exciting that the crypto sphere is an inclusive environment for artists, especially those who want their artworks to become NFTs. If you’re an artist, turning your works into NFTs can be a great way to get exposure and earn money with NFTs. So, if this is something that interests you, take a look at the step-by-step tutorial we prepared for you.
Step 1: Decide on a theme for your art.
The best method that we can advise you is to look into current popular NFT art trends to find one that best expresses your concept. Some of the most acknowledged themes revolve around NFT gaming and minting.
Step 2: Find a platform that supports NFTs.
A few platforms support NFTs, so research to find one right for you. In this article, we recommend trying OpenSea, SuperRare, and Binance. If you’re planning to make a profit, please compare their regulations and selling fees to help you decide which platform would work for you.
Step 3: Upload your work.
Once you’ve found a platform and connected your NFTs wallet, you’ll need to upload your output. Make sure the platform supports the file format.
For instance, you’ve decided to use OpenSea to sell your work. After creating the account and ensuring you’ve read the policy, head to your profile and select the “My Collections” option.
Clicking the “Create a collection” button allows you to upload your unique NFT to be listed for sale.
Step 4: Publish your artwork.
You can publish your artwork on the platform for others to see or buy. It will now be ready for listing.
If you want to link your NFT from a digital work to a physical item, there’s a way to go about it. At a surface level, attaching a chip to any physical asset you own and scanning it with your phone is all that’s required.
If, in any case, you already have a physical work of art, like a drawing, you can digitize your work by taking a photo of it to make a digital version (following the steps we provided above). However, note that an NFT cannot be changed once minted, so you should work out all the details, including the coding, before minting and connecting digital to physical assets.
Final Thoughts
The era of physical NFTs is upon us: from blockchain-based art and collectibles to physical tokens backed by real-world assets. Whether you’re looking to add a unique piece of art to your collection or you’re interested in investing in a new asset class, physical NFTs offer a whole new world of possibilities. And with the launch of several high-profile platforms and initiatives, it’s clear that this is just the beginning, and there’s more to see.
FAQs
1. Can physical art become an NFT?
Physical arts can indeed be produced or offered for sale as NFTs. Non-fungible tokens are unique digital assets that can be “tokenized,” making real-world tangible assets more efficient to buy, sell, and trade while lowering the risk of fraud.
2. How do you display NFT physically?
By printing or developing them into photos, which is also the least expensive method, you can turn your token into a physical NFT. To make it more official, you can add a QR code that can be scanned for verification and authentication.
3. How much is a basic NFT?
It’s possible to find and purchase NFTs for even less than $10. You just have to choose the ideal piece of art at the right time to achieve this. The search would not be challenging because there are numerous platform options.
