Blockchain has been widely quoted as being the best in security and transparency championing decentralization of most services. It has led to the development of utility and value tokens that are quite useful in the blockchain world. The use of tokens is now influencing tokenizing of everyday objects that are at risk of being forged or stolen through various means. This use of blockchain is one that has not been explored in depth yet. It has the potential to safeguard property both physical and online property through tokenization of these properties. Open Collectors is looking to explore this aspect through its platform which will support the trading of one-of-a-kind tokens.
An endless market
Trading in tokens is trading in products that are similar to each other, or actually the same. There is no difference between Bitcoin sold to you by party A or Bitcoin sold be party P. They are all Bitcoins. Anyone can easily outbid or offer a better deal for their products. Standing out in such a market is nearly impossible. The Open Collectors space is offering a different kind of set up where the trade is between unique tokens that cannot be found anywhere else. These tokens represent the true ownership of rare physical or intellectual items that can only be purchased via the Open Collectors platform.
The market that can be created by the Open Collectors Network could be an endless one. All it needs is a constant supply of unique products from people. We are not short of creativity or unique products hence this is a platform that will last through the ages. Furthermore, these products can still be resold in the platform.
There is also the potential for creating a virtual market for gaming products. As is evident through various statistics, gaming has been growing over the years together with the sale of gaming items. Content creators can come up with gaming items that can be sold on the Open Collectors network, items that are rare to find or too pricy in fiat markets.
Promoting sale of genuine products
Art collectors and antique collectors suffer most from fraudulent items. Recently, in the month of April, a French museum discovered that half of its collection were imitations. The original works could not be traced yet these art items were bought from credible art dealers. Tokenizing such valuable items can help prevent the spread of imitations and also help prove the authenticity of such items.
Tokenizing an item simply means linking that item to a token. Once the authenticity of the product has been proven, you can then link the product to the token and since blockchain’s records are immutable, once the product is sold, it can be easy to tell who sold it and to whom.
Potential in every field
Be it in business, gaming, digital media rights or content creation the Open Collectors network can serve in any field where unique products can be created or exchanged. This versatility is what is needed as we move into the future. Creators will rest easy knowing that they have a source of protection through tokenizing their property.
ICO details
The Open Collectors network will be fueled by the ECTO tokens which will be up for sale soon through their website https://opencollectors.network/ or through this link https://opencollectors.network/sale. The ECTO tokens will be the only acceptable trading currency in the Open Collectors network.
Website: https://opencollectors.network/
Whitepaper: https://opencollectors.network/layout/OpenCollectorsNetwork
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1128840;sa=summary