The next stage in the evolution of NFT marketing place
KudiMarket is the next stage in the evolution of the NFT marketing place that will not only allow people to tokenize digital arts and assets but also tokenize real-life assets and items like real estate, companies, cars and so on.
KudiMarket will utilize a perpetual royalty commission system that will benefit not just the initial owner but also subsequent owners. For instance, if person A mints their tangible real estate as a token and sells them on the blockchain to person B, when a print sale is made by person B to person C, the original p ok owner (person A) will receive a royalty commission. Subsequently, if person C decides to resell the real estate to person D, person A and B will both benefit from the royalty commissions as well as any subsequent owner that buys that real estate.
One tricky thing about tokenizing real-world items is the ability to provide a fair system where buyers can actually receive their items in person when they buy from the blockchain. KudiMarket will incorporate an escrow feature so anytime you buy a tokenised item your funds will be locked in the contract until you confirm receipt of the item before funds are released to the seller.
