Altr’s Polygon-Based NFT Marketplace Wants to Secure Luxury Items on the Blockchain

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    • Altr has revealed that its biggest sale ever, a Ferrari F40, has sold for $2.5 million.
    • The platform also enables part ownership and storage through fragmented NFTs.
    • Altr will provide storage and management of the physical product until the owner is ready to pick it up.

    Altr’s new Polygon-based luxury marketplace is Biggest sale ever. The data security solution provider’s new service also offers safe storage and management of the product until the owner decides to recall the product.

    Altr wants to be the platform of choice for those who want to store, buy and sell authenticated products on the Polygon blockchain using NFTs. According to the poster, the company has already sold a Ferrari F40 for his 2.5 million USDT, proving his prowess in this business. Altr Marketplace Published on July 19, 2023.

    The platform showcases two main types of collections, including cars and watches. Another major sale was the Rolex Daytona 6265/8, which sold for 195,000 USDT. Altr has already received a 3% commission for the care of luxury watches so far.

    Altr said that when a product is sold on the marketplace, the buyer receives proof of ownership in the form of an NFT. The company also offers to store and manage physical goods until the buyer is ready to pick them up.

    “All collectibles will be safely stored and maintained in secure storage facilities by Altr’s Oracles until the NFT owner decides to redeem the physical collectibles,” the software provider said in a statement Wednesday.

    Altr’s marketplace also allows partial ownership of assets through fragmented NFTs. Unlike Ferrari, which he sold within 48 hours of listing it on his website, the Rolex watch he sold to multiple owners in January.

    Altr uses what it calls “oracles” to ensure and certify the authenticity of the luxury assets listed on the market, and it also involves eminent experts in evaluating and custody of products sold through its platform.

    Davide Rovelli, who is said to be one of Altr’s early backers, believes Ferrari’s quick sale shows that the community has faith in the company’s new solution.

    “There is a growing market for collectors to purchase physical assets using blockchain technology, enabling a safe and transparent solution for acquiring, owning, exchanging and storing high-value assets,” he said.


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