The Rebirth NFT Collection Explores the Concept of a "Living Metaverse"
Laura McQuarrie — December 20, 2021 — Tech
References: ceilidhswhisky & prnewswire
The Rebirth NFT Collection is one of the first-ever redeemable digital art and whisky NFT collections in the world and it was recently revealed to explore the concept of a "living metaverse." The concept sets itself apart as a collection of 4,000 digital assets hiding as ERC-721 tokens on the Ethereum blockchain. As the project's creators say, "The Rebirth has an expansive metaverse world story that takes the community into the far future, and playfully weaves in the whisky with the art and underlying narrative. Every single NFT is backed by a physical bottle of whisky that owners can redeem."
Once claimed, the NFT transforms into an evolved image, which supports continued trading and a renewed new sense of ownership.
Once claimed, the NFT transforms into an evolved image, which supports continued trading and a renewed new sense of ownership.
Trend Themes
1. Redeemable NFT Collectibles - Exploring the concept of a living metaverse can inspire the creation of more redeemable NFT collectibles that have underlying narratives and physical component backings.
2. Hybrid Cryptocurrency-physical Asset Offerings - Developing NFTs that are backed by physical assets such as whisky bottles can set the trend for hybrid cryptocurrency-physical asset offerings in various industries such as fine art, luxury goods, and collectibles.
3. Nft-enabled Storytelling - Using NFTs as a medium for storytelling with a metaverse world can pave the way for disruptive innovation opportunities in the entertainment and gaming industries.
Industry Implications
1. Fine Art - The concept of redeemable NFT collectibles and hybrid cryptocurrency-physical asset offerings can disrupt the traditional art industry by combining physical and digital components into an artwork.
2. Luxury Goods - The trend for hybrid offerings can revolutionize how luxury goods are delivered to consumers to include a physical and digital asset.
3. Entertainment and Gaming - The innovative use of NFTs as a storytelling medium and the metaverse world concept can transform how entertainment and gaming experiences are created and consumed.
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