OpenSea-backed American offers public access to exclusive ‘Phygital’ vault system


jump pad Americanendorsed by the popular Open sea The NFT marketplace has launched its concierge vault, which allows collectors to store, display, and sell physical and digital assets.

July 21, American Announced that his vault is now open to the public.

According to the website, the platform is now accepting applications with up to three of “your favorite collectibles.”

The first year of jumping, Americana said, is free.

In a podcast, founder and CEO Jake Frey described this “opening the doors” of beta to the other collectors as a “big” step that the company has been working on for a long time.

Frey explained that,

“You’ll be working directly with a fine art handler, we’ve partnered with some of the best fine art handlers in the world, whatever your item is, you’ll get white glove service. And then we take it to our vault – a high-security, temperature-controlled, duty-free state vault where we store the object, but digitize it first.”

Launched last year, the company has its own platform that digitizes articles and provides a detailed, “in-depth” view of each of those articles.

Valuables, regardless of their size, can be kept in a vault or offered for sale. “Surely the offers will come, so you can always browse and consider selling something,” Frey said.

Even if it is sold, the physical item does not need to be moved; it can remain in storage while ownership changes hands.

Thus, the platform now serves as a one-stop-shop for various related services: it offers its users a physical vault, a process for transporting the goods to the facility, digitization of each piece, owner authentication via blockchain, condition reporting, and an online marketplace to buy and sell these blockchain-verified physical assets.

Digital and physical works will be secured with a single American Digital Title. That way, “collectors can acquire them as the creator intended, together.”

American says that your vaults are monitored 24/7 by state-of-the-art security under the guidance of storage experts Fine Arts Staff management.

Collectors will have a consultation with the team to create a plan and complete the authentication process before a digital certificate of authenticity can be issued.

The company is also backed by Reddit co-founder of Alexis Ohanian seven seven six venture capital firm, lifting $6.9 million in seed funding in early May 2022.

In collaboration with OpenSea and rapper Future, Americana released 10,000 non-fungible tokens (NFTs), called ‘something symbolic’each serving as “membership to Americana” and offering holders exclusive access and discounts.

Americana also says that it is “committed to creator royalties: 10% on every sale.”


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