New NFT marketplace launches today - physically-backed NFTs

[Bourbon44]

Really interesting company that allows people to mint NFTs that represent physical assets launched today

https://www.coindesk.com/business/2021/09/29/4k-nft-marketplace-goes-live-bringing-physical-goods-to-the-blockchain/

[blockman]

It's the next thing. After the digital asset that will be owned and can be sold through NFT, they really have to do something else, something not so new but legitimate.
Many believe that the NFT market is a bubble and we'll see that it drop soon but as long as the market itself is being in demand and there are new things that we see on sale, we'll see how long it will stay.

[nicocapri]

It's a unique use case for NFTs outside the art realm. Instead of having your valuable collectibles locked in a safe, you can show off your NFT or use it as leverage. Not many people can wrap their heads around this concept, but 4K will reap the benefits.

[hugeblack]

quote this part of the article:

4K says it will bring real-world assets onto the blockchain by issuing users of the platform an NFT symbolizing ownership of a physical good. The company obtains the item from a seller, authenticates, insures and stores it. The NFT holder can then trade their NFT for the physical item.

It is not a true NFT but scamming users to trust in a third party that checks out physical items ton behalf of them and therefore they do not that physical item but prove that they have a NFT of original item in a third party, which does not mean you don't have it personally.

Think about it and you kept your box key safe in bank, you need to trust that the bank will give you that key and your box is safe and therefore more complexities.