ausiinet
Newbie
- Jun 15, 2020
- 26
- 14
Hello,
I am looking at a product line for our existing customers that will be personalized uniquely for each customer. I am wondering if there is any way of turning this one of a kind product into an NFT item and letting the users own the physical and digital version. They can then sell the digital version online while holding the physical.
At the moment I have a limited understanding of NFTs and I'll spend more time learning, however in the meantime if someone can guide me here then it will be greatly helpful.
There are a couple of things I am trying to get my head around.
When someone buys a personalized item, I want to list the item for them in some marketplace say Opensea. And do the first sale of the item, at a nominal price, to the customer. That way I still hold the rights and can get kickbacks from future sales of the item down the line.
The actual physical item customer will be paying is worth $40, with my cost price of $20, which leaves me with a $20 margin. If I pay for the gas fees then I end up with no profit. Since the customer is not really tech-savvy, especially when it comes to NFT, they may not want to pay gas fees. So perhaps I can just list the item and if they want to buy/sell the digital version then we can charge them later.
The second part I need to work out is how to associate the physical version with the digital version. I can have a unique QR code on the product itself, but what do I actually need to do here to make it work?
I have a team that can create custom solutions in the backend, just need to understand the process and execute it.
Thanks a lot in advance.
I am looking at a product line for our existing customers that will be personalized uniquely for each customer. I am wondering if there is any way of turning this one of a kind product into an NFT item and letting the users own the physical and digital version. They can then sell the digital version online while holding the physical.
At the moment I have a limited understanding of NFTs and I'll spend more time learning, however in the meantime if someone can guide me here then it will be greatly helpful.
There are a couple of things I am trying to get my head around.
When someone buys a personalized item, I want to list the item for them in some marketplace say Opensea. And do the first sale of the item, at a nominal price, to the customer. That way I still hold the rights and can get kickbacks from future sales of the item down the line.
The actual physical item customer will be paying is worth $40, with my cost price of $20, which leaves me with a $20 margin. If I pay for the gas fees then I end up with no profit. Since the customer is not really tech-savvy, especially when it comes to NFT, they may not want to pay gas fees. So perhaps I can just list the item and if they want to buy/sell the digital version then we can charge them later.
The second part I need to work out is how to associate the physical version with the digital version. I can have a unique QR code on the product itself, but what do I actually need to do here to make it work?
I have a team that can create custom solutions in the backend, just need to understand the process and execute it.
Thanks a lot in advance.