The NFTs are supported by real collectibles

The NFTs are supported by real collectibles

“Why don’t you right click and download it?”

When it comes to NFTs, confused skeptics are often confused about how virtual works of art can be worth millions of dollars.

Of course, this critique usually misses the point. You can take a picture of the Mona Lisa inside the Louvre, but it’s just not the same.

Now a new community-owned marketplace is taking its opponents by offering non-fungible tokens that are not just digital goods.

ClubRare says that each of the NFTs in the collections represents ownership of an authentic collection object in the real world – and they can be brought to life in the meta-verse.

The project points to industry experts who have predicted that the crossroads between physical and digital worlds is where the crypto industry, especially the metaverse, is moving forward.

And it has formed an official partnership with The Sandbox – one of the world’s most famous metaverse brands – to ensure that ClubRare collectors can take full advantage of their NFTs in an immersive way.

Going forward, both platforms will work together to create beautiful projects in limited editions – with a storefront for ClubRare making its debut.

Makes “fygital” happen

ClubRare’s marketplace is the beating heart of the universe, a decentralized community-owned trading platform. Exclusive items from the real world can be snapped up in no time – and from there, all purchases are replicated in NFT form. It’s like buying a beautiful new T-shirt, and get a complementary virtual one that your avatar can also wear.

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An exclusive collection of non-fungible tokens known as the Lazy Leo Club has been launched that delivers “special powers and abilities” through the ClubRare ecosystem, and only 10,000 of them exist.

But that’s not all. A governance token has also been established to ensure that community members can steer the future of meta-development and NFT trading – and act as a think tank that determines ClubRare’s future direction.

In the meantime, a token called MPWR can be deployed to reduce the fees associated with NFT trading – and unlock access to groundbreaking authentication tools and shipping. There are also benefits for creators, not least because they can apply for grants and engage in crowdfunding when they bring collections to market.

From personalizing land to equipping avatars and fighting for exclusive access to limited edition drops, MPWR is becoming the lifeblood of this vibrant new ecosystem.

ClubRare’s intuitive website offers an overview of the best collections – as well as the latest drops and the most viewed collectibles. And for discerning enthusiasts looking for something specific, fygital assets are divided into categories that include handbags, watches, jewelry, art, food and sneakers.

More insight from ClubRare here

Make a splash

The ClubRare team are platinum sponsors of the NFT.NYC conference in New York City – a flagship gathering for the community. During the event from 20 to 23 June, the project promises to reveal a huge brand collaboration, and arrange an exclusive auction.

An invitation-only event will take place on June 23, the day NFT.NYC ends, which will feature insights from “established and rising voices in Web3” – passionate individuals with a wealth of experience across metavers and e-commerce.

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Looking ahead, ClubRare’s metaverse is set to launch in closed alpha in the fourth quarter of 2022 – and it will appear at NFT.NYC’s sister event in London. In addition, between 2023 and 2025, the team’s focus will develop into a fully decentralized ecosystem where the community takes action.

With a range of top-level partnerships, collectibles you must have and the added benefit of a tangible real-world object, ClubRare shoots the starting shot to ensure that “fygital” is a word on everyone’s lips.

Disclaimer. Cointelegraph does not endorse any content or product on this site. While we aim to provide you with all the important information that we can obtain, readers should do their own research before taking any action related to the company and take full responsibility for their decisions, nor can this article be considered investment advice.

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