'The Grid' is a New Platform That Connects NFTs to Physical Collectibles
Colin Smith — December 6, 2021 — Tech
References: gridcollection.io & fastcompany
Created by the co-founder of 'Nostalgia Labs' Sher Chaudhary with help from Sports-card pioneer Karvin Cheung, 'The Grid' is an online platform that aims to create what are, in a sense, physical NFTs. These NFTs will be created by taking a picture of a physical piece of sports memorabilia and generating the NFT code for this object. The Grid, though, is meant to tie a physical reward to owning an NFT beyond the token itself.
Cheung believes that people still love to collect memorabilia, whether basketball cards or pokemon cards. Whether these collectors are seeking nostalgia or fueling a current hobby, The Grid will allow users to earn the original physical piece of memorabilia associated with the NFT through its platform. The Grid aims to truly bridge the cap between digital and physical NFTs.
Image Credit: The Grid
Cheung believes that people still love to collect memorabilia, whether basketball cards or pokemon cards. Whether these collectors are seeking nostalgia or fueling a current hobby, The Grid will allow users to earn the original physical piece of memorabilia associated with the NFT through its platform. The Grid aims to truly bridge the cap between digital and physical NFTs.
Image Credit: The Grid
Trend Themes
1. Physical Nfts - The trend of creating physical NFTs by tying a physical reward to owning an NFT beyond the token itself presents an opportunity for businesses to explore new ways of combining technology with physical collectibles.
2. Nostalgia-based Collectibles - As people seek out nostalgia-based collectibles, businesses can explore the opportunities that come with combining this trend with emerging technologies like NFTs.
3. Digital-physical Crossovers - The trend of digital-physical crossovers, as seen in The Grid, presents opportunities for businesses to explore innovative ways of combining the digital and physical worlds.
Industry Implications
1. Sports Memorabilia Industry - The Grid presents an opportunity for the sports memorabilia industry to explore new ways of engaging collectors by bridging the gap between physical and digital memorabilia.
2. Collectibles Industry - The emerging trend of physical NFTs presents the collectibles industry with an opportunity to enhance their products with technology and offer unique experiences to collectors.
3. Blockchain Industry - The Grid's use of blockchain technology to generate NFTs presents an opportunity for the blockchain industry to expand its applications beyond cryptocurrency and into the world of collectibles.
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