Memorabilia
Our platform will not only allow for a seamless experience purchasing and selling goods, but also be a platform for people collecting as a hobby or making investments.
Unclaimed vs Claimed
COLLEXX's Memorabilia NFT has a single 'utility' of claiming the physical good. The same option is given to the next buyer, given the event of a resale.
Claim the physical good
Reselling without claiming
1. Claiming
If you wish to claim the physical good then you will be required to enter your address and contact details. Until you decide to sell your good, it is yours to enjoy. However, if you decide to sell the memorabilia NFT, you must also send the physical good. This is where COLLEXX's Escrow smart contract will be used to ensure safe P2P transactions. As is the case for any resale transaction, it is the seller's responsibility to send the authentic product in an acceptable condition.
2. Reselling without Claiming
In contrast, if you purchase an NFT and choose not to claim the good, you will not receive anything. You will always be able to claim the physical good from COLLEXX. If you do not claim the good and resell the NFT, the new buyer will have the rights to claim the physical good.
Status : Unclaimed vs Claimed
Listings will be clearly labelled based on their claimed status.
Unclaimed
The owner simply holds the NFT without the physical good. As you would only transfer NFT's in the event of a sale, this is the easier option for quick transactions.
Claimed
The physical good has been claimed by the owner of the NFT. Anyone can bid, offer, or buy based on the conditions of the product. The claimed NFT's will be transacted on the Escrow smart contract developed by COLLEXX.
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