Updated: Apr 26, 2022
Leaning into the crypto revolution, and what others look at as an exploding craze, The Medford Guy team is going full send into the future - creating the world’s first NFT assigned knife!
For those new to the term NFT and the world of crypto, an NFT or Non-Fungible Token is a digital asset that often represents a real-world asset or digital entity. These assets can be artwork, music, videos, and so much more. In the simplest terms, NFTs are purchased and sold online using cryptocurrency and are encrypted with code from the Ethereum platform it was minted from. The minting process assigns a unique, unreplaceable code that assigns ownership to the work of art essentially creating a scarcity and authentication of the artwork. One way to think of this is looking at physical artwork. There is only one authentic “Mona Lisa” painting by Leonardo da Vinci yet countless copies exist throughout the world. The copies of “Mona Lisa” look great but are essentially worthless in the eyes of collectors. In contrast, the authentic “Mona Lisa” is valued at $870 million dollars in 2022 and will only continue to appreciate over time. NFTs operate in the same fashion where copies will always exist, but there will be only one original digital file that’s owned by the buyer/investor.
At The Medford Guy, we are bringing NFTs to the investment knife world. And, we decided what better knife to start with than the 1:1 TITAN™ - Medford OAK Collection. That’s right, The Medford Guy team has minted and assigned the world’s first knife authentication NFT to the world’s first, investment-grade, high luxury knife. So how does it work you might ask? It’s simple really: this new TITAN™ NFT was minted on the Ethereum blockchain. It’s a unique identifying image of the TITAN™ that assists with authenticating the physical asset. There’s only one, and there will only ever be one minted for this knife. When the knife transfers ownership, the NFT will follow using digital wallets.
Along with minting a TITAN™ NFT for authentication purposes, The Medford Guy team has also included built in utilities which provide exclusive benefits to the owner.
TITAN™ Ownership Benefits and Utilities:
· 25% Off All ‘The Medford Guy’ Products
· Exclusive Invitations to all The Medford Guy Events (Including Private Parties)
· MetaMade – Wearable TITAN™ within the MetaVerse on both Decentraland and Sandbox Platforms
· Whitelisted for Priority Access to All Product Launches Including: The VaultBox
The NFT Utilities are packed with value starting with an exclusive ownership discount and priority access to The Medford Guy product releases which includes The Vault Box. The NFT will also whitelist the owner for all The Medford Guy events including private parties across the nation. Rather than just stopping at developing an NFT that authenticates the Medford TITAN™, we also decided to bring the TITAN™ into the Metaverse as well. We achieved this by developing the very first, wearable TITAN™ that will be viewable on the popular Metaverse platforms: Decentraland and Sandbox. The owner of the Medford TITAN™ will enjoy having a unique accessory, in this case the TITAN™ pocket clip, that will be displayed on their Metaverse avatar. This will operate and function similarly to character skins often used in the gaming community.
Being champions of all things uncommon, The Medford Guy has been inspired to innovate in the knife industry being the first to bring these incredible new technologies into a space that’s centered around a tool nearly as old as mankind itself. One of our largest influences to innovate with NFTs was the Shark Tank investor extraordinaire, Mr. Wonderful, Kevin O’Leary. Mr. O’Leary is a huge champion of NFTs, the blockchain they’re built on, and the opportunities that lie within those technologies. His current work is focused on bringing NFTs to investment-grade watches where the NFT verifies authenticity of the watch in addition to being able to be used for insurance purposes. He's on an incredible mission bringing attention to NFT technologies and we believe he’s on to something. We’re bringing this same passion and enthusiasm to the knife industry, and our work with the TITAN™ is only the beginning. Be on the lookout for so much more to come!
Thanks for reading about our newest journey into next generation NFT and Meters technologies that we're bringing to the knife industry! If you have any questions about any of our great products including Medford Knives and the 1:1 TITAN™ - Medford OAK Collection, please don't hesitate to Contact Us or send a message through social media. I'd love to help you get into your next Medford Knife or special order the custom Medford Knife of your dreams!
Jake - The Medford Guy