Overview

An Asset-Backed NFT is a type of NFT that is tied to a tangible or intangible asset, such as precious metals, luxury goods, real estate, and the like. Roji provides the infrastructure and deployed smart contracts to issue and redeem Asset-Backed NFTs.

Anatomy of an Asset-Backed NFT

Asset-Backed NFTs are ERC-721 compatible NFTs that act as claim tickets for assets stored with Storage Providers. The NFTs provide a means for holders to redeem the underlying asset, and the storage provider to confirm and interact with the NFT holder.

Contract Types

• ROJIAB721Multi - A category specific smart contract. For example 1oz gold bars are all grouped into one deployed contract, managed by Roji. Multiple Sellers and Storage Providers are supported.

• ROJIAB721 - A brand specific contract for a single Seller and one or more Storage Providers.

Participants

• Roji - Manages the platform and the category specific smart contracts.

• Users - Purchase and redeem assets.

• Sellers - Provide assets for purchase and interact with Storage Providers to store those asssets.

• Storage Providers - Store assets on behalf of the users.