Club CPG Launches NFT Platform Dedicated to Everyday Consumer Products
Niko Pajkovic — October 2, 2021 — Business
Digital company Club CPG has announced the launch of 'Crypto Packaged Goods,' an online NFT marketplace in which digital consumer products can be purchased and traded using Ethereum.
According to a recent press release, Club CPG has already minted 250 different NFTs, most of which resemble digital artworks. However, the difference is that Club CPG's digital collectibles are images of physical consumer packaged goods such as chocolate bars and bags of chips.
Interestingly, this one-of-kind platform is an entirely charitable initiative, with 100% of the proceeds going to Project Potluck, a nonprofit organization dedicated to helping CPG startups owned by people of color. “People can buy into this project knowing that they’re going to get value immediately,” said Club CPG's Co-Founder, Chris Cantino. This is because the platform allows for real-time trading, in which people can buy NFTs "make a little money off it and transfer ownership to the next person," explains Cantino.
Image Credit: Club CPG
According to a recent press release, Club CPG has already minted 250 different NFTs, most of which resemble digital artworks. However, the difference is that Club CPG's digital collectibles are images of physical consumer packaged goods such as chocolate bars and bags of chips.
Interestingly, this one-of-kind platform is an entirely charitable initiative, with 100% of the proceeds going to Project Potluck, a nonprofit organization dedicated to helping CPG startups owned by people of color. “People can buy into this project knowing that they’re going to get value immediately,” said Club CPG's Co-Founder, Chris Cantino. This is because the platform allows for real-time trading, in which people can buy NFTs "make a little money off it and transfer ownership to the next person," explains Cantino.
Image Credit: Club CPG
Trend Themes
1. Crypto Packaged Goods - Club CPG's NFT marketplace allows for the purchase and trade of digital consumer products using Ethereum.
2. Charitable Nfts - Club CPG's initiative offers an entirely charitable model for NFTs with proceeds going to Project Potluck.
3. Real-time Trading - Club CPG's NFT platform allows for real-time trading, providing opportunities for users to make money and transfer ownership.
Industry Implications
1. Consumer Packaged Goods - Club CPG's platform creates an innovative opportunity for CPGs to leverage NFTs and blockchain technology.
2. Nonprofit Organizations - Project Potluck benefits as the recipient of 100% of the proceeds from Club CPG's NFT marketplace.
3. Blockchain Technology - Club CPG's NFT platform is an example of how blockchain technology can be applied to enable innovative purchasing and trading models.
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