Nonfungible Tokens (NFTs) are taking the world by storm, and for a good reason. They offer a unique way to represent ownership of digital assets and are changing the way people think about value in the digital world. While most NFTs are associated with art or collectibles, they also have the potential to revolutionize the business world. Has there ever been a platform that allows companies to generate millions of NFT in minutes to authenticate their physical products on a large scale? Not until now.
The GO2NFT is a platform that has developed its technology since 2020 and is currently the sole and most complete corporate NFT platform for companies from the beauty, fashion, sport and lifestyle industries. It provides the option to generate and manage millions of NFTs for product authentication using the NFT Factory business platform.
The vision of Jessica Nascimento, CEO of Go2NFT, is to build real life adoption for blockchain technology. She said:
“In the current Crypto Market Space, most of the tokens have low to zero adoption, basically relying on speculation. The mission of Go2NFT is to become the largest NFT authentication platform by providing utility for businesses around the world, an easy and quick way to use NFTs that adds value to their brand and products.”
But how does it work?
Once the platform module is launched this spring, companies will be able to register and create a profile. The next step will be to insert information on their products and then to generate its equivalent in the form of NFTs. The final stage is to connect the physical product to the virtual counterpart (the NFT) which is done by utilizing NFC tags. Each NFC tag gets connected to its own unique NFT and each profile will have the choice to buy a selected number of NFC tags based on their need, which will be shipped globally to wherever the company or manufacturing location is. The tag itself will have to be sewed or glued onto the item in the chosen spot such as, for example, on the sleeve.
The final consumer will be able to scan the NFC/NFT tags with the help of the official Go2NFT app to certify the authenticity, product information and even the personal ownership if the brand decides to add that unique feature.
QR codes instead of NFC tags could be an option but is more suitable for less-pricey goods that are produced in mass where it becomes more of a general verification of quality, such as the beauty industry for cosmetics or supplements.
One of the most significant advantages of GO2NFT is its ease of use. With its platform, businesses can create and deploy NFTs without the need for extensive technical knowledge or coding skills. The process is as simple as uploading an image or video, choosing the desired metadata, and hitting “generate.”
It is so easy that more than 40 businesses are already whitelisted to adopt the technology, while another 20 are testing the demo module, with more than 50,000 NFC/NFT tags sold to certify collections worldwide. With only three easy steps and in less than 10 minutes, any company can bring its brand to the next level of tech adoption and brand authentication, and add value to their customers in this first stage of development.
Speaking of the future of the platform, The Go2NFT team shares its business plan to even further advance the utility of the platform for companies by giving the possibility to allow its users to purchase products with the integrated crypto payment gateway directly from the app, pre-order exclusive collections, access a diverse NFT Marketplace and more.
With this refreshing new approach in the industry creating new forms of value for businesses, customers and stakeholders, GO2NFT now starts the private seed fundraising rounds to further expand the project, aiming to open sales representative offices in the United States, South Korea and the United Kingdom, continue to develop the app and platform, and increase NFC/NFT tag production to accommodate more than 200 companies by the end of 2023.
Which values can projects as Go2NFT bring to the Web3 space? More than token speculation, adding real utility to NFTs might be the new game changer.