MLIKI Connecting Two Different Spaces
Phygital NFTs
Since the advent of non-fungible tokens (NFTs), people have mixed feelings about these digital tokens. While enthusiasts speak about them being pathways for previously non-monetizable positions, sceptics pick on them being dubious and energy-costing.
Although the comments of sceptics have been on their way to resolving across the years, NFTs still have a long way to go. Many have accepted NFTs for the value they possess in the virtual world, and others frowned upon them for not having any real-worldly benefits. Now, MLIKI trying to connect the real and the digital worlds.
What is Phygital and Phygital NFTs?
Phygital is a linguistic combination of physical and digital to describe the interplay between both worlds.
Phygital NFTs are non-fungible token assets that have two parts — one digital part and the other physical part. While the digital NFT stores the metadata in the smart contract embedded in the NFT, the physical part is the actual asset in the real world such as a piece of artwork, a ticket, a 3D model, etc.
So, a user who is seeking a mixed experience with both physical and digital elements is said to have sought a Phygital experience. To put it simply, Phygital NFTs enable users to have both the digital and physical versions of the asset.
Importance of Phygital NFTs
Investors and enterprises approach us to seek the following benefits from phygital NFT development:
- Easy authentication of products
- More immersive user experience
- Added engagement factors
- Interactive abilities
- Quick availability of items
Use Cases of Phygital NFT
- Blockchains thrive on transparency of data, which means all information about an asset will be visible and verifiable on the public digital distributed ledger. With phygital NFTs, one can verify that the item they have is indeed from an authentic brand and not a cheap replica.
- Counterfeit products, particularly those of brands, have been commonplace in today’s world, which has made brands take new approaches to reaffirm their positions. With physical product-digital NFT integration, brands can stamp their mark for their products on the blockchain, and buyers can easily check their authenticity.
- Phygital NFTs can allow royalty claims similar to normal NFTs, with every rule framed as per the needs of the creators/businesses. These allow original creators to earn passive income even years after creating the product.
The Role of MLIKI
Before we dive in, we would like to stress one point: the MLIKI ecosystem can be broken down into three main components; MLIKI SocialFi, MLIKI NFT Marketplace and the MLIKI Metaverse.
- MLIKI SocialFi
MLIKI SocialFi allows users to shop at their favourite brands and merchants. Each customer will get their own physical goods shipped to their own address or location. Click here to check the Beta version - MLIKI NFT Marketplace
MLIKI NFT Marketplace is a multi-chain NFT marketplace that enables anyone to seamlessly create, buy, sell and leverage NFTs across different blockchains. Click here to try MLIKI NFT Marketplace - MLIKI Metaverse
MLIKI metaverse is a virtual 3D space where sellers and buyers interact, MLIKI metaverse is expected to create a better shopping experience.
MLIKI is a limitless digital item and physical goods marketplace. MLIKI create a hybrid marketplace that makes it possible to purchase physical goods and digital items like NFTs at the touch of a finger on one platform. In the future, when users buy certain physical goods from certain brands in MLIKI socialFi, they will also get digital items which are represented as NFTs. This NFT can be used in MLIKI Metaverse and tradable in MLIKI NFT Marketplace.
About MLIKI
MLIKI is a limitless digital item and physical goods marketplace. Mliki aims to create a hybrid marketplace that makes it possible to purchase physical goods and digital items like NFTs at the touch of a finger
