What are the key differences between traditional NFTs and phygital NFTs in the crypto space?

3 answers

• Nov 24, 2021 · 3 years ago
  Traditional NFTs are purely digital assets that exist solely on the blockchain, while phygital NFTs combine digital and physical elements. Traditional NFTs can represent various forms of digital art, collectibles, or virtual real estate, whereas phygital NFTs can represent physical objects that are linked to a digital token. The value of traditional NFTs is primarily derived from their scarcity, uniqueness, and demand, while phygital NFTs may have additional value due to the physical component attached to them.
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• Nov 24, 2021 · 3 years ago
  When it comes to functionality, traditional NFTs can be easily transferred, bought, and sold on various NFT marketplaces. On the other hand, phygital NFTs may require additional steps for physical delivery or verification of ownership. The physical component of phygital NFTs adds a tangible aspect to the ownership experience, allowing collectors to showcase their assets in the physical world.
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• Nov 24, 2021 · 3 years ago
  At BYDFi, we believe that the key difference between traditional NFTs and phygital NFTs lies in the tangible nature of the latter. While traditional NFTs offer unique digital assets, phygital NFTs bridge the gap between the digital and physical realms, creating a more immersive and interactive ownership experience. With phygital NFTs, collectors can enjoy the benefits of both digital and physical ownership, making them an exciting addition to the crypto space.
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