A Day in the Life of an NFT
Each token is unique, and each day is different, but this is a typical day in my life as an NFT.
Today’s the big day—I’m getting authenticated. An expert will examine my provenance trail, kind of like a background check. I’m not worried, of course, but it’s always nice to be validated by companies like PSA/ Beckett, Analogr, and CGC/WATA.
I am shipped to the Dibbs Vault to be processed and stored. Dibbs first scans me so they can render my digital twin, then mints a token for me. My parents chose the Ethereum blockchain, but they could have gone with Polygon, Flow and many more.
While I relax in the Dibbs’ vault, my digital twin waits to go on sale. Dibbs’ client listed me on OpenSea, an NFT marketplace. They could have also chosen to list me on Rarible, SuperRare, Nifty Gateway or Candy.
Some savvy collector cracks open their digital wallet and buys my twin for .2 ETH. The sale is recorded on the blockchain, and the NFT is automatically imported into their Metamask or Coinbase account. Once it’s there, my new owner can show it off to other collectors or use it as a VIP card, so to speak, for loyalty programs.
The purchase shows up on my parent’s Dibbs’ NFT analytics dashboard, where they can track activity and revenue. Even though they don’t own me anymore, they’ll always know where— and how valuable—I am.
Traded again! I’m hot stuff. My owner was stoked to get me to complete his collection. I’m still chilling in my vault while my twin is transferred into my new human’s digital wallet next to a CryptoKitty, NBA Top Shot and a Nickelodeon x Recur NFT.
Wow! My owner got up bright and early to redeem the NFT and claim ownership of me. This is where my journey as an NFT ends. Tomorrow, I’ll be removed from the vault, packaged, and shipped to my human’s doorstep in a few days.
Asset tokenization is an approachable, cost-effective way to penetrate the global market. Learn more about Dibbs' TaaS (tokenization-as-a-service) offering below: