The Revolutionary Wave of vIRL® NFTs on the WAX Blockchain: An In-Depth Look

WAX io
WAX.io
Published in
5 min readJun 27, 2023

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Welcome to the future of owning and trading physical items, all without the hassle of delivery or even the need to physically possess these items. The game-changer we’re talking about here is the vIRL® NFT, a pioneering concept that’s sweeping the blockchain universe. So, strap yourself in as we journey through the ins and outs of vIRL NFTs on the WAX Blockchain.

What is a vIRL NFT?

Picture an NFT — a non-fungible token — but with a revolutionary twist: the ability to represent a physical item. This is a vIRL NFT. It’s virtual, yet it’s real. It’s an NFT that bridges the gap between the physical and digital worlds, allowing you to own tangible goods without dealing with the cumbersome logistics of delivery.

With vIRL NFTs, boxing, shipping, and deliveries are concepts of the past. You have the power to own, trade, or redeem physical items, depending on your preference. Not a fan of the physical item you own? No problem! Keep it as an NFT, trade it, or even sell it. The choice is yours, and the options are boundless.

Tracing the Roots: The Origin & Adoption of vIRL NFTs

The concept of vIRL NFTs wasn’t just born overnight. In fact, it was meticulously conceived and patented by the WAX Blockchain Team back in 2018. We identified the potential of blending the physical and digital worlds and created a unique solution that would revolutionize the way we view ownership and trading.

Since its inception, vIRL NFTs have gained significant traction. Global companies, such as Funko, Mattel, and others, have readily adopted vIRL NFTs, utilizing the WAX Blockchain for their operations.

How vIRL NFTs Work

Your physical item is represented as a unique, one-of-a-kind NFT on the WAX Blockchain. This NFT can be traded with anyone across the globe, and the physical counterpart remains stationary until you decide to redeem it. This innovative approach saves a ton of deliveries, scoring a big win for our environment.

When a physical item is redeemed, the vIRL NFT undergoes a transformation. In some cases, it’s composted, meaning it can’t be traded anymore. In others, it remains tradable but carries a special tag indicating it’s been redeemed.

Imagine a scenario where you receive an unwanted gift, say an ugly sweater from your grandma. Now, picture receiving the same sweater, but as a vIRL NFT. Even if the gift isn’t perfect, the vIRL NFT gives you the power to sell or trade it, making every gift a potential opportunity.

The vIRL NFT Universe: Not Just Physical Objects

vIRL NFTs aren’t limited to just physical items. They encompass a broader range of assets, including services, coupons, and gift cards, offering a level of flexibility that redefines traditional ownership.

Whether it’s a restaurant voucher, concert ticket, or a personal training package, vIRL NFTs transform these into tradable, sellable, or redeemable digital assets. Forget about misplacing or forgetting your physical coupons or tickets; with vIRL NFTs, everything is securely stored in your digital wallet, ready to use or trade at your convenience.

The Dawn of vCommerce

The advent of vIRL NFTs ushers in a new era known as vCommerce. It’s a realm where you can buy and flip items within seconds, anywhere in the world, without bearing the costs and risks associated with trading physical items.

Some items get redeemed right away by those who find the most value in their physical form, while others remain in the digital sphere, being traded amongst interested parties. This flexibility is what makes vIRL NFTs a transformative force in today’s commerce landscape.

vIRL.com: The Gateway to the World of Digital Collectibles

For those eager to dive into the exciting world of digital collectibles, vIRL.com is the go-to destination on the WAX Blockchain. This user-friendly NFT marketplace is tailor-made for everyday enthusiasts who want to explore the vast realm of vIRL NFTs.

At vIRL.com, you’ll discover a diverse array of digital collectibles, ranging from virtual trading cards and unique artworks to limited edition items from renowned brands. Whether you’re a passionate collector or simply looking to dip your toes into the world of NFTs, vIRL.com provides a seamless and intuitive experience, ensuring that everyone can participate in this innovative form of ownership and trading.

With vIRL.com, you can browse, buy, sell, and trade vIRL NFTs with ease, all while being part of a vibrant community of collectors and enthusiasts. It’s the perfect platform to embark on your digital collecting journey and uncover the endless possibilities offered by vIRL NFTs on the WAX Blockchain.

The WAX Advantage

The WAX Blockchain adds another layer of innovation to this exciting new frontier. It offers an instantly tradable and super-liquid marketplace, pulling in global participants. With WAX, you gain complete and transparent ownership history of your NFTs.

And here’s the cherry on top: WAX is certified carbon neutral by Climate Care. With vIRL NFTs on WAX, you’re not only entering a revolutionary era of commerce, but you’re also playing a part in saving our environment.

This is more than just the next big thing — it’s a game-changer. Embrace the fusion of physical and virtual. Experience the joy of ownership without possession. And most importantly, be part of a movement that’s redefining trade while caring for our planet.

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WAX io
WAX.io

WAX is the safest and most convenient way to create, buy, sell and trade virtual items.