Tangible is a TNFT marketplace that converts real world assets into NFTs that can be redeemed for the physical item at any time.
Mission: To tokenize every tangible asset
The Problem:
#1) Investors are looking to store their wealth in alternative asset classes, such as art, wine, and antiques, in order to hedge against inflation and unstable political and economic conditions. Most of these asset classes are illiquid, fragmented, and inefficient.
#2) Cryptocurrency has risen as an alternative store of value but is undoubtedly cyclical and volatile. In addition, crypto investors lack access to emerging tangible asset classes unless they leave the crypto ecosystem and use fiat currency to purchase stores of value such as fine wine, jewelry, antique cars, and other collectibles.
Our Solution:
Tangible is a TNFT marketplace that allows anyone to use cryptocurrency to purchase valuable physical goods from the world’s leading suppliers.
Upon the purchase of an asset listed on Tangible, a TNFT (tangible non-fungible token) is minted representing the physical item. The physical item is sent to one of Tangible’s storage facilities and the TNFT is sent to the buyer’s wallet.
At any time the owner of the TNFT can redeem it for the physical item, transfer it to another wallet, or sell it on Tangible’s marketplace. Thereby creating a liquid, tradable and redeemable asset represented by an on chain NFT.
Market Size for Collectible Goods:
The current annual global trading volume for collectible goods, including art, wine, and antique cars, is estimated to be over 154 billion dollars (USD).
With Tangible, these collectible goods can be minted into TNFTs and openly traded across the globe, enabling instantaneous transfers of value from cryptocurrencies into tangible assets.
TNFTs will do to tangible assets what the internet did to retail.
Storing value with tangible assets has many benefits. From hedging against inflation to dodging a bear market in crypto, holding a tangible NFT allows anyone across the world to protect their wealth.
How it Works:
- Users browse and purchase items from pre-approved vendors on Tangible.
- Smart contracts process the trading fee, item purchase fee, and storage fee.
- The TNFT is minted and sent to the user’s wallet.
- Vendors ship the purchased item to a Tangible Vault where it is safely stored.
Tangible enables crypto investors to allocate funds to tangible assets without leaving the ecosystem. It also opens up new opportunities for vendors to increase sales across the world.
We Envisage Two Early Adopters of Tangible:
(1) The Crypto Native and (2) The real world collector.
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Our first adopter, the crypto native, is aware of the cyclical nature of crypto markets, and wants to allocate a portion of their portfolio into physical assets that maintain a stable value. They are also eager to find an alternative to stablecoins that could provide a higher return. Over the past 20 years fine wine has outperformed the S&P 500
The crypto native wants to invest in a store of value that is relatively unabated by inflationary pressure. That is exactly what TNFTs provide.
Our second adopter, the real world collector, already collects fine wine, antique cars, watches, and other valuable items. They find value in what they collect but wish to make it easier to cash out when necessary. They are also looking for a more fluid and immediate marketplace.
This real world collector currently needs to store their entire collection, finding buyers when they wish to sell, and go through a verification process at each step of the way. Collections are difficult to liquidate, and are nearly impossible to borrow against.
Tangible gives the traditional collector the opportunity to transform their collectables into tradable and liquid assets that can be borrowed against by converting each asset into a tangible non-fungible token, or TNFT.
The traditional collector will be able to connect with the Tangible team, authenticate and store their collection with Tangible, and convert their physical assets into TNFTs. They will then be able to use their physical assets as collateral for crypto based loans and earn additional yield without being forced to sell the underlying asset.
Tangible helps the traditional collector turn their collection into assets that work for them.
Both of these early adopter cohorts — the heavily invested crypto native and the traditional collector — have a problem that is solved by Tangible. We see them both as motivated users of the Tangible Platform.
The Token
TNGBL token details here.
UI Demo
Follow Our Journey
Stay informed with updates on the project and reach out to the Tangible Team through our Telegram or Twitter.
We are excited to bring Tangible to life as it becomes the pioneer and predominant purveyor of tangible non-fungible tokens, TNFTs.
The Tangible Team
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