A phygital marketplace combines physical and digital elements, merging online and offline experiences for seamless shopping and interaction.
Phygital NFTs, or physical-digital non-fungible tokens, are unique digital assets that are linked to physical objects or experiences. They combine the digital nature of NFTs with tangible, real-world items or events, allowing collectors to own both a digital representation and a corresponding physical component or interactive encounter.
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Discover the advantages for manufacturers & retailers, gaining a competitive edge through unlocking powerful benefits in the market.
Removing barriers unlocks manufacturer and retailer growth, reaching new customers and a global audience.
Unlocking benefits enables flexible product offerings, pricing, and adaptability to market trends, ensuring competitiveness and dynamism.
Unlocking benefits improves cost efficiency through supply chain optimization, streamlined operations, and reduced production costs.
Unlocking benefits grants valuable data insights using advanced analytics, enhancing decision-making, tailored marketing, and personalized experiences.
Unlocking benefits fosters deeper customer engagement, loyalty, and brand advocacy through direct communication and feedback.
Unlocking benefits fosters innovation, enabling experimentation, product iteration, and differentiation, resulting in a competitive market edge.
The Advantages of Granting Owner Authority for Physical and Phygital Product Transfers
Streamlined Transactions
Flexibility and Convenience
Smooth Succession Planning
Digital Asset Management
Asset Monetization
Promotes Sharing Economy
Gyan Consulting is a leading NFT marketplace development company that can help you build an organization to develop, issue, manage and trade non fungible tokens on the web or as a mobile application.
The time and cost for NFT marketplace development then completely depend on the design, features, marketplace, & development process you choose among other parameters.
If you are looking to develop NFT marketplace then a basic plan may take anywhere from 2-3 months from the Discovery phase and will allow you to select an optimal feature set with the most suitable tech stack.