🔮Real - World Value Item Tokenization

We can enable physical item tokenization by integrating certain technical modules into the OAZIZ NFT marketplace. After an object is registered on blockchain, the resulting QR code can be scanned to view proof of ownership. This is how physical goods gain value on the blockchain.

The goal of NFTs is to do more than simply upload digital art on the blockchain. NFT is a technology that can be used to prove ownership of an object. As NFTs become more popular, a wider audience is beginning to embrace the technology. We at OAZIZ believe that streamlining luxury car sales is a market opportunity. This service will benefit the community in the real world. Item tokenization is an absolute necessity in the advancing world of NFT. Car tokenization is the process of selling a car along with a piece of digital art (NFT) and exchanging assets via a smart contract. On the one hand, it appears to be just a photograph, but it is proof of ownership and a certificate of automobile purchase inscribed in blockchain, which is now inextricably linked to its smart contract. Smart contracts, unlike traditional contracts, cannot be destroyed. Because digital storage is decentralized, it cannot be tampered. As long as you have access to the internet, smart contracts will exist. The OAZIZ team has already formed a relationship with “RSVMOTORS”, a German luxury car retailer, who will bring their unique luxury goods to our marketplace, allowing platform users to purchase really good products using the crypto of their choice for a better and faster payment process.

To summarize the functionality of the OAZIZ NFT marketplace, we can say that this project stands out because of its vast range of capabilities as well as the fact that it delivers realworld value. It's not only feasible to auction off your own artwork, but it's also possible to sell the artwork he purchased. Furthermore, one is free to alter the owner of his purchased NFT, withdraw funds to an external wallet, and purchase a luxury car.

Last updated