Abstract
NFT-based art is at the forefront of a new wave of digital ownership
that enables creators to retain control of their work and create and
sell ownership rights for their digital media. But digital art is just
the tip of the iceberg: this same technology can unlock access to any
unique physical or digital resource, including products, services, and
event access. We call these NFTs - used to access and determine
ownership of resources off the blockchain - ‘Smart Collectibles.’ Smart
Collectibles have applications that range from digital gaming and media
to finance and property. They are also a key enabler of Web 3.0 and the
Metaverse, an always-on shared digital universe where people can work,
play, and hang out. By creating this document, we aim to inspire and
encourage creators, communities, and businesses to continue to innovate
in this space. With Smart Collectibles, businesses and artists can
enable access to value in a way that is traceable and highly secure and
even stack access to multiple forms of value onto the primary
non-fungible tokens themselves.