Tangible (TNGBL)

What is Tangible

On Tangible, anyone can use cryptocurrency to purchase valuable physical goods from the world’s leading suppliers. Upon the purchase of an asset listed on Tangible, a TNFT (“Tangible non-fungible token”) is minted, representing the physical item. The physical item is then sent to one of Tangible’s secure and insured storage facilities, and the TNFT is sent to the buyer’s wallet.

At any time, the owner of the TNFT can redeem it for the physical item, transfer it to another wallet, or sell it on Tangible’s marketplace. The TNFT is a liquid, tradable and redeemable asset, represented by an on-chain NFT.

• Users browse and purchase items on Tangible’s marketplace. Smart contracts process the trading fee, item purchase fee, and storage fee where relevant.
• The TNFT is minted and sent to the user’s wallet, for safekeeping, trading, or selling.
• Concurrently, Tangible completes the purchase of the physical item from Tangible’s Supplier Partner.
• The purchased item is shipped to a Tangible Vault, where it is safely stored.