How It Works
Luxry is an NFT marketplace for tangible collectible goods. Each Luxry NFT represents ownership of the associated unique collectible asset. Collectibles for sale are verified for authenticity and condition by category specialised merchants. All assets are held in secure and insured storage. This Enables both short term and long term investment exposure to collectible assets without physical possession. NFTs can be held for investment purposes, resold, or redeemed at any time to receive the physical assets. This facilitates a circular economy of traditionally illiquid collectible assets.
01
NFTs Minted By Luxry
Curated assets for sale are minted as NFTs by the Luxry platform, this ensures all NFTs are authenticated as unique.
02
NFTs Purchased By Customer
Once an NFT is purchased, the customer can now hold it as an investment, redeem it for the actual item, resell it, or gift it to someone.
03
Assets Secured
The collectible assets are removed from the inventory of the retailer and placed into secured and insured storage.
04
Trading
Holders can resell their NFTs to other people, this gives people the opportunity to choose between new collectibles being listed by the retailers and also secondary sales. Initially we will provide this functionality through OpenSea.
05
Redemption
Holders can redeem their NFTs to receive the physical collectible.
