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Tarferret: Not Your Regular Ferreter.
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Phygitals
It is a combination of the words “physical” and “digital” and relates to providing consumers 2-for-1 value: if one buys a physical item, they automatically have its digital representation in the metaverse in the form of an NFT. The way phygitals work is pretty straightforward: if a retailer has 1,000 physical T-shirts to sell, they can also have 1,000 NFTs of those T-shirts in the metaverse. A phygital product gives the physical item a digital “skin” that you can wear on your avatars in the metaverse. Phygitals are NFTs’ second wind and could be the next crypto revolution since the physical goods are augmented in value, which makes consumers feel like they have more “bang for their buck.” The physical plus digital value proposition will bring new legitimacy to blockchain technology and attract new audiences to NFT markets. For example, you can buy a Balenciaga hoodie in the real world and then mint the digital version to wear on your Ready Player Me avatar. Or imagine the next Billie E...
