Courtyard launched an innovative platform. What about NAVI?
Courtyard is a new Defi project that offers interesting services. This company enables users to store physical collectibles (watches, trading cards, sneakers, etc.) in secured vaults. The platform creates 3D representations of users’ assets. Then it mints them on the blockchain, getting Connected to Collectible NFTs as a result. The last step is storing these non-fungible tokens safely so that customers can use them later.
Token holders will have several options. They can hold their valued collectibles as NFTs, connecting with other collectors. Or they can trade their NFT on any compatible marketplace, such as OpenSea. Burning NFTs to redeem the underlying asset is another possibility. The company will use Brink’s global infrastructure to send redeemed collectibles to 150+ countries.
Thanks to Courtyard, people will be able to trade physical assets anywhere in the world easily. The company leverages blockchain technology to find new ways of owning and trading assets. It also brings more value and liquidity to the NFT market.
Moreover, the company ensures that the trade concludes without any 3rd party intermediaries. The latter usually authenticates and provides trust in exchange for a commission. However, that means people have to pay additional fees for their services. With Courtyard, users will save that money. The platform also boasts a strong security system. So, token holders won’t need to worry about the safety of their assets.
The team worked hard to obliterate the shipping problem, as geography can be a limiting factor when it comes to selling and buying collectibles. Import or shipping fees are often high enough for collectors to reconsider trade. Besides, there is a real risk that items might be damaged or lost during shipping. Packaging and insurance are costly, as well. However, blockchain solves all of these problems.
What about the Courtyard community?
The company aims to build a vast community. It will offer its users various incentives. Collectors will be able to display their assets online, showing them to the world instead of leaving them in their personal vaults. That will increase the visibility of available assets on the market. The Courtyard team expects to see communities of verified collectors emerge and interact with each other, sharing their treasures.
Furthermore, Courtyard plans to give customers an opportunity to increase the liquidity of physically backed non-fungible tokens. The company will provide improved conditions for collateralized lending. As a result, people will soon be able to borrow money at low-interest rates. They will just use their Courtyard NFT as collateral.
The team also offers a new, exclusive service called – Ship your collectible. The latter enables users to take advantage of the company’s tokenization infrastructure. Token holders will have the option to ship their collectibles to the Courtyard vault. In exchange, they will get a Connected Collectible (token) of that product. Users will be able to redeem this NFT anytime for the actual physical product. They can also trade it on any NFT-compatible marketplace.
When customer ships their collectible to the Courtyard’s vault, the company will scan their asset. Then it will create a state-of-the-art 3D model from the pictures. The platform will mint the NFT directly to the user’s wallet after creation. After receiving the token, customers are free to decide what to do with it. They can hold it, sell it, take bids, or display it online anywhere they’d like. However, users will be able to trade their Connected Collectible only on NFT-compatible marketplaces. The Courtyard marketplace and OpenSea are among them, though.
How can users profit from the Connected Collectible?
After the users ship their assets to the Courtyard platform for tokenization, the company will list their wallets as the originator of this asset. As such, the customer will receive a 1% revenue share of each NFT sale every time it is sold. However, the revenue stream will end if the user redeems the physical item from the Courtyard Vault. All Connected Collectibles are redeemable. The company stores them at the Courtyard vault in the central United States.
Besides, customers’ products are insured at all times. Courtyard insures their asset is in transit to the vault, while in the vault, and during shipping during redemption. The team also noted that if customers want to tokenize their assets, the company will pay shipping fees to deliver them to the vault. But it will charge shipping costs to the redeemer based on their location and distance from the vault if the customer decides to redeem the asset.
What is Atlas Navi, and what does it offer?
Atlas Navi is the innovative Drive to Earn navigation application. Unlike other similar apps, it uses A.I., along with the smartphone camera, to avoid traffic. Atlas Navi detects all road conditions (road work, closures, potholes), traffic in each lane, accidents, police vehicles, and available parking spaces to reroute drivers. Thanks to this app, people will reach their destination much faster.
The company also created its own native utility token, NAVI. The latter is an ERC20 coin. The team plans to launch its ICO sale soon. The price of 1 NAVI will be 0.0825 USD during the initial coin offering. The platform aims to raise $330,000 with the sale. The total supply of tokens is 300,000,000, but only 22,3% will be available at the first stage.
The team had an exciting idea. It tried using the camera on the back of the phone, holding it in the windshield, to see the road. In such a way, the members could understand in real time what is happening on that road. Since some events can impact the routes of others, informing about these happenings is a great idea. Thus, the team decided to do just that.
While doing the same is optional, if drivers do it, the company will award them with $MILE tokens. The camera detects all – congestion on the road, traffic in each lane, available parking spaces, or even several cars in front of people. Moreover, it can show accidents or police, closed roads, or potholes. The app will automatically upload a road report. It will notify and reroute other drivers without any effort from drivers. Atlas Navi wants to build a better navigation app.