JawsTec is in the process of developing a marketplace where creators can sell digital and physical models of their 3D designs. While most 3D model marketplaces allow designs to be downloaded for free, creators will now have an opportunity to earn a passive income through selling physical models and CAD models. Their 3D designs will also have the ability to be bought and sold as an NFT for ownership over the model and its royalties. Users will also be able to connect their Web 3.0 wallet, such as MetaMask, to the marketplace to buy and trade NFTs.
How it works!
To sell 3D physical models and CAD models, users will set up a seller account and upload their 3D model designs. They will be given the option to sell digital models and physical models, or sell ownership of the model through an NFT auction or NFT fixed-price listing.
All uploaded models and designs can be searched and browsed within the marketplace platform. Designs and models can be sorted by category, price, or popularity. Transactions can be made with Credit Card or cryptocurrency, depending on whether an NFT or model is purchased.
Once an order has been placed, JawsTec will facilitate the sale, printing, and shipping of the model or design. Sellers can sit back and let their passive income grow! NFTs purchased on JawsTec’s Marketplace will immediately go into production at the JawsTec printing facility so that the owner can have a physical product tied to their NFT.
What is an NFT?
NFT stands for ‘Non-fungible token’. In short, it is a digital asset that is unique and irreplaceable that is sold or traded over blockchain platforms. They differ from cryptocurrencies which are fungible tokens that are identical and interchangeable. NFTs could be anything that can be stored digitally, such as art, music, gaming, videos, and in our case, 3D model designs.
How do NFTs work?
When creating an NFT, a digital asset is essentially transformed into a unique, verifiable digital asset that has a digital signature showing ownership of the asset. These digital assets are stored on a blockchain and can be sold or traded in cryptocurrency.
Can an NFT be a physical printed object?
NFTs must be tied to some form of digital asset as they are digitally stored within the blockchain. At this moment, physical printed objects themselves cannot be minted into an NFT. JawsTec’s Marketplace gives users the ability to sell and trade their 3D model designs as an NFT transferring ownership over that design. What sets JawsTec apart from NFT marketplaces like OpenSea and Rarible, is that a physical representation of the NFT is printed and sent to the new owner so they can hold, feel, and acknowledge their new investment.
How to get started
NFTs are stored on a blockchain and can only be purchased with cryptocurrency. To sell an NFT, the first step would be to create a digital wallet. There are many digital wallets you can choose from, MetaMask being one of the most popular.