41 / Phygital NFTs

Join the Community Service team as they explore the world of phygital NFTs. Learn about how NFTs that redeem for physical things work and discover the exciting new Rawlings NFT project launching tomorrow. #NFTs #Phygital

Timeline

00:45 Introducing the team

01:20 Disclosures

01:46 The project link

02:23 Companion NFTs vs. custody NFTs

03:34 Plushies and other digital twins

05:32 Why do I need to destroy the token!?

13:13 Effect on token rarity

14:54 Rito raps explainer for MFTs

20:04 Who is entitled, NFT holder or physical holder?

32:02 NFC tech

32:32 A wallet IS NOT a person

36:39 Blind shipping (privacy)

38:12 Rawlings doesn't need help selling gloves

43:41 How pricing was chosen

Participants

Episode notes

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Confirmed guests // Dream Syndicate / Rawlings NFT project
- David social and growth @davidabcdee
- Livia Discord mgr
- Ben main producer
- Ellie art director @ellievoxel
- @dreamsyndicatXR
How do NFTs that redeem for physical things work?
- Rawling is a new model https://nft.rawlings.com // drops Sep 14
  - Custodial token – NFT can be redeemed for physical glove
  - Different series and price tiers
  - Redemption requires sending the NFT to a burn address
  - Background from David
    - New project for Rawlings
    - Partly for Rawlings to see how much their audience is interested in NFT
    - Already lots of folks who are physical collectors
    - There will be future projects
  - Rawlings knew nothing about NFTs initially, except one person
  - Went through many rounds of talks with them
  - One VP has been on Discord chats and became interested. Got other folks on board.
  - People know them for gloves. Wanted to do an NFT drop that didn’t feel like a cash grab.
  - Wanted to know what would be the more popular model
  - Launch tomorrow
  - Good mix of people with different interests
- Comparable model to
  - Wooshie (sp?) – Plushie with a QR code on it
  - Crypto stamps – From Austrian Post. A flag on the NFT, user keeps both at the same time.
  - .arianee – Certificate of Authenticity model. Watches with paired NFTs
What is the benefit to people that redeem versus hold the tokens?
Can they both be rare/collectable?
- Tokens get rarer as they burn
Should we give perks to both categories of people?
Be careful sweepstakes / giveaways / state laws on gambling, skill
What to do with products that aren’t redeemed?
Bonus Rap performance / vinyl drop @rito_rhymes // directory
@MetaWrapDrip also jerseys