ClubRare Unleashes New NFT Marketplace “Phygital” To Support Physical NFTs

ClubRare, a community-owned marketplace allowing users to trade limited-edition and rare collectibles NFTs (non-fungible tokens), has launched a new NFT marketplace dubbed “Phygital.”

According to ClubRare, the new marketplace built on a sustainable economy will bridge the physical-digital collectible to the Metaverse. ClubRare asserts that each NFT represents ownership of real-world assets and can come back to life in the Metaverse.

The new project reflects the opinions of industry experts who previously predicted that the crossroad between the physical and digital world was the next destination for the crypto industry through the Metaverse.

ClubRare has partnered with the Sandbox, one of the world’s best-known Metaverse brands, to ensure that ClubRare collectors can efficiently leverage their physical-digital collectibles in an immersive way. The two partners vowed to work together to create a beautiful limited NFTs edition.

Phygital (ClubRare) NFT Marketplace Overview

ClubRare, a decentralized trading platform owned by the community, has unleashed a new NFT marketplace in the Metaverse. The exclusive merchandise will allow ClubRare collectors to enjoy physical assets replicated in NFT form. Notably, the new functionality will be like buying a new T-shirt and getting a complimentary virtual that your avatar can wear also.

The platform has also launched an exclusive collection of non-fungible tokens known as the Lazy Leo Club that delivers special powers and abilities throughout the ClubRare ecosystem. The project features limited 10,000 Lazy Leo Club NFTs.

In a related development, ClubRare has introduced governance tokens called “MPWR” to ensure its community members will steer the future of Metaverse development and NFT trading. The community will act as a think tank for deciding the future direction that ClubRare will take.

In the meantime, users can stake their new governance tokens to reduce fees associated with NFT trading and unlock access to cutting-edge authentication tools and shipping. The project has prepared some perks for creators, allowing them to apply for grants and pursue crowd funding as they bring the collection to the market.

From personalizing land to equipping avatars and championing exclusive access to limited-edition drops, MPWR tokens will shape up the lifeblood of the new vibrant ecosystem.

ClubRare currently showcases a breakdown of the top collections on its website, with the latest drops emerging as the most viewed collectibles. The website depicts Phygital assets broken down into categories such as spanning handbags, watches, jewelry, art, food, and sneakers.

Phygital NFTs To Debut At NFT.NYC

The annual conference for non-fungible tokens is scheduled this week in New York City. ClubRare will make an exclusive splash with its new digital collectible that bridges the physical assets and the Metaverse.

During the annual event from June 20-23, the decentralized trading platform, also a premium sponsor of the NFT event, is expected to announce other huge partnerships alongside hosting an exclusive auction.

Before the end of the annual NFT event on June 23, ClubRare has prepared an invite-only event that will feature insights from notable passionate individuals with plenty of experience across the Metaverse and e-commerce.

According to the team behind development, ClubRare will unleash its alpha Metaverse during the NFT.NYC’s sister event in London in the fourth quarter of this year. Between 2023 and 2025, the platform expects to become an entirely decentralized ecosystem.

Using an array of top-tier partnerships, must-have collectibles, and the exclusive utility of a physical item in the real world, ClubRare believes the new NFT marketplace “Phygital” will gain mainstream adoption.