Welcome to Joltify
  • Introduction To JOLTIFY
  • Real World Asset Lending
    • Background
    • Business Model In JOLTIFY
      • Tokenize Document To NFTs
      • NFT Ownership Transfer
      • Token Economics
    • Utilization of JOLTIFY In Different lending Environments
    • Project-Based Lending
      • Use Case: A Solar Farm Financed By JOLTIFY
    • Investment Pool Processes and Rules
  • Asset-Based Lending
    • A Commercial Development Asset-Based Loan Within The JOLTIFY network
  • Cash Flow-Based Lending
    • Cash Flow-Based Loan In JOLTIFY To Help A Car Company Grow Its Business
  • Digital Asset Lending
    • Backgound
    • Joltify Digital Asset Lending
    • Market
    • Liquidation
  • Jolt Buy-Back And Burn
    • Jolt Buy-Back And Burn
  • Joltify Techs
    • JOLTIFY Chain Techs
      • Validator Election & Punishment
      • JOLTIFY Chain Bridge
    • Development on Joltify EVM
      • Configuration
      • Token Conversion
      • Development Tutorial
    • Nodes and Validators
      • Requirements
      • Joltify Installer
      • Run a Fullnode
      • Become a Validator
    • Endpoints
    • Connection
  • Joltify Testnet
    • Get Ready
    • Swap & Digital Lending
    • JOLT Buyback-Burn
    • RWA Lending
      • Role Introduction
      • Investor Guideline
      • Notation Explanation
      • Investing Timeline
    • Cross-Chain Bridge
    • Joltify IBC Transfers
  • Joltify Point System
    • Introduction
    • Invitation Mechanism
    • Basic Missions
    • Testnet Missions
    • Mainnet Missions (Coming soon)
    • Discord Role Claim
    • Partner Missions (Coming soon)
  • Term of Use
    • TERMS AND CONDITIONS OF USE FOR BORROWERS AND ISSUERS
    • WEBSITE, JOLTIFY PROTOCOL AND JOLTIFY CHAIN TERMS AND CONDITIONS OF USE
    • PRIVACY POLICY
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Tokenize Document To NFTs

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Last updated 3 years ago

NFTs allow us to bridge and tokenize real world assets into our blockchain, JOLTIFY

NFT stands for "non-fungible token". They are becoming increasingly popular and as time and technology progress, we expect more and more people to utilize NFTs. Currently, the primary understanding on an NFT is linked to Digital Art and Digital Fashion. This is due to the success of art NFT projects such as CryptoPunks, Bored Ape Yacht Club and Art Blocks Curated. However, we must note that with Joltify, the primary use-case for NFTs is profoundly different.

Our NFTs will be primarily utilized in relation to licenses and certifications, essentially used to outline ownership in the crypto world and merging use cases between DeFi and real world projects.

The following diagram outlines how a document can be tokenized into an NFT.

NFT is originally created by the SPV who wants to raise the funds at JOLTIFY. At this stage, the SPV is the NFT creator and the NFT owner. SPV needs to submit the legal preparation of the ownership proof/binding of the real world asset and the NFT. The NFT is then approved and listed on our decentralized JOLTIFY platform. During the project's lifecycle, the ownership of the NFT can then change hands multiple times from the previous investor who wants to out and then to the new investor who wants in. Or, it may be sent to the SPV who then becomes reacquainted with the NFT to facilitate this buyer transfer process or to buy it back at the completion date of the project.