Not only collateral, but all stableNFTs should be backed by a physical counterpart! 🙅
Intrinsic value + market value. 🤯
The intrinsic value is made by the costs of producing the physical counterpart. All physical NFTs haves a QR code and contract address. 🏀🏷
The intrinsic value of a stableNFT doesn't changes (like DAI) and always is collateralized. 🦄
If the physical counterpart is changed/upgraded (eg. printing new owner address or having a healthier copy), the intrinsic value is increased also including these costs. 📈
Physical counterparts of stableNFTs have a QR code if they're like paper (as a card), but it isn't imperative; action figures can have NFC data, instead (like Nintendo's @Amiibo). 📦🙉
As explained, the intrinsic value is stable and only changes when increasing value. 📈🦄
StableNFTs Intrinsic Value vs. Market Value 💴🗳💷
Market Value is made by the amount a NFT owner is selling a product, or the amount the buyer is purchasing, for example, in a auction.
Required, the Intrinsic Value is plused with the Market Value when selling/buying.📈🏷
It means, even if the Market Value is increased for a given stableNFT, its Intrinsic Value is stable and kept the same.
But there is a catch: if the Intrinsic Value increases, it means the Market Value should decrease to give it a balance and to prevent "factory spam". 📉🛂📈
StableNFTs should also enforce some rules (permissionless, made by the very buyers), such as requiring delivery of physical counterpart after purchasing (using a service like @openbazaar).
Another service could also reprint/rebuild the physical counterpart with updated info.
Foods which distribute toys (such as Kinder eggs🥚) could have a voucher code in their items. This voucher is inserted into a contract which unlocks a NFT transfer to user's own wallet. 💳🦄
When this stableNFT is sold, its physical counterpart is also delivered. 🎁😍
This thread have explained my vision for the brand new concept of stableNFTs (or NFT 2.0). 🙅🦄
🍓 In a nutshell:
- NFTs backed by physical items 🤑
- Physical items incentivizing owners to join #ETH and prove ownership and manage it in the Internet of Value 🦄