For purchasers of luxury items, there's a new way to buy and store expensive items using blockchain technology.
Altr hopes to become marketplace for luxury items that offers Polygon NFTs as proof ownership.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Imagine you buy a sports car, like a Ferrari F40, or a lavishly expensive watch, like a $195,000 Rolex, but you aren’t ready to shoulder the responsibility of caring for either item.
When a luxury item is sold via its platform, Altr said it not only “issues a digital proof of ownership in the form of an NFT" minted on the Polygon blockchain, but also promises to take care of the physical asset until the new owner decides to claim their item.d by Altr’s Oracles in safe storage facilities until the NFT holder decides to redeem the physical collectible,” the company said in a statement.to Twitter.
Altr, however, did not sell the Rolex to one buyer, but instead to a group of buyers. The company has introduced what it callsthat entitles would-be collectors to a piece — essentially a share — of a luxury item. People who own a fraction of an item receive an NFT.
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