Phygitals is a pioneering platform that combines physical and digital assets, allowing collectors to store, manage, and trade collectible cards through blockchain technology. Let's explore this project with Coin68 in the article below.
What are Physitals? Learn about the on-chain physical token exchange.
What are phygitals?
Phygitals is a platform designed to address the barriers in the traditional collectible market such as high shipping costs, damage risks, and low liquidation . The project's name is a combination of "physical" and "digital," alluding to the model of bringing real-world assets onto an on-chain environment.
What are phygitals?
Essentially, Phygitals Vai as an intermediary infrastructure layer. The project provides secure warehousing services for physical tokens and simultaneously issues a corresponding digital version so users can quickly trade on the market without having to move the physical assets. This helps collectors both preserve the value of their original assets and take advantage of the flexibility of blockchain technology.
Key products and features of Physitals
Archive
Users purchase packages at a fixed price to unlock mystery cards. The biggest difference is that Phygitals publicly displays the odds of winning for each value group and the Medium expected value per play.
Pack feature
Additionally, if you are not satisfied with the newly opened card, you have the right to request the platform to buy it back at 85% of its market value within 30 minutes of opening. This provides instant liquidation and minimizes risk for collectors.
Marketplace
Phygitals' Marketplace is designed as an intuitive interface for buying and selling digitized assets stored in a vault. Each listed token is held in a physical vault but can be instantly traded on the blockchain.
Marketplace features
Buyers can XEM full details about the card set, year of issue, rarity, and in-depth appraisal notes directly on the interface and have the right to exchange it for a physical card at any time.
Stream
The solution involves bringing the livestream card opening model onto on-chain to ensure fairness and processing speed. Through auctioning and opening sealed card packages live on livestream, users can visually verify the card opening process, eliminating concerns about fraud.
The biggest difference compared to Web2 platforms is that ownership of the asset is transferred instantly to the user's wallet as soon as the card is revealed, allowing them to list it for resale on the Marketplace in just seconds without waiting for physical shipping to complete.
Pokémon Collectors Wiki
Pokémon Collectors Wiki
This wiki is designed to provide users with a systematic approach to the market, eliminating the need to search for scattered data from various sources. It's structured to serve a wide range of needs, from basic introductory knowledge and game mechanics analysis to valuation and investment strategies. Notably, the project maintains openness by establishing a direct feedback channel via Discord, allowing the community to contribute and refine content.
Key operating mechanism
Revenue Chia with users.
Physitals employs a rather unique community incentive mechanism: When a user digitizes and sells their card for the first time on the platform, they will continue to receive 1% of the value of each subsequent card transaction. This creates a sustainable passive income stream for collectors who contribute to the ecosystem.
Unsecured trading
Once the physical tokens are vaulted, transactions take place entirely on the chain . This eliminates cumbersome steps such as packaging, shipping procedures, and sales tax in transactions between users.
Development roadmap
The project is currently focused on expanding the portfolio of supported assets and upgrading the user experience on the exchange. Some key milestones include:
- Expand support for both categorized and uncategorized products.
- Optimize portfolio management tools.
- Implement weekly giveaway programs for the community.
Development team
Currently, details about the specific members of Physitals' senior management team have not been widely released through official media channels. Coin68 will update when more information becomes available.
Summary
Above is all the information about the Physitals project. Coin68 hopes that readers have grasped the basic information to better understand the project and how it works. We wish you more useful knowledge!
Note: The information in this article is for informational purposes only and is a compilation of publicly available information about the project; it is not investment advice. Coin68 is not responsible for any financial decisions you make.
