A wrapped asset (WRAP) is a non-fungible token (NFT) backed 1:1 by a tangible asset e.g. commodities (gold, coffee), real estate, etc.
The transfer of a WRAP results in transfer of ownership of the underlying tangible asset and the transfer of ownership of the underlying tangible asset is legally enforceable.
Benefits of wrapping / tokenization include:
If you are an asset owner or financial institution, WRAP enables you to generate interest-free cash flow.
If you are an investor, WRAP helps you to profit from a virtually infinite buffet of opportunities.
Wrapped Assets can relate to:
Did you know that there is 1 type of NFT (Non-Fungible Token) that is not taxed as a Virtual Digital Asset (VDA) in India? Get the details here.
The world of art, books, movies, and music can be very unfair to creators!
The copyright market for creative works involves a complex web of licensing transactions and exorbitant transaction costs. Creators barely get 15% of the revenues and even this can be delayed.
HYFI Enables creators to launch crowdfunding campaigns by inviting fans to securely finance creative works in return for a share of copyright ownership. This is done in the form of Fractional Licenses of Intellectual Property (FLIPs) - a smart asset that represents the whole or part of an Intellectual Property license.
To launch your own FLIP, contact Shinam Arora today!