Marketplace Using NFTs to Physical and Digital Artwork.

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Main information

USA

Region

Web3

Type

6 people

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Crypto / NFT

Industry

2021

Duration

Technology we used

NextJs

Solidity

Web3

MongoDB

Project overview

Rare.market is a marketplace/auction house, that uses Non Fungible Tokens (NFTs) to track and validate the authenticity of physical and digital artwork. Physical works of art are bundled together with an NFT of the same piece and sold simultaneously, to the same buyer.

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Challenges

As a user, it was difficult to navigate the Web3 space in early 2020. Also, even though NFTs had become very popular, the pricing structure was arbitrary and haphazard.

Team

Architect, Product Manager, Visual Design, UX, Frontend Development, Blockchain Engineer

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Solution

By coupling Physical pieces of art together with NFT, establishing pricing and value became more rational and understandable to consumers.

Outcome

Rare.Market successfully launched and sells art and NFTs bundled together.

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