Ecommerce NFTs (eNFTs)

Another core feature of the NCOG DeFi NFT ecosystem is eNFT (e-commerce NFT). It is a form of NFT that represents real-world items. With us, brands and sellers can list their products as an eNFT, creating a globally updating blockchain inventory system, which prevents double sales since no NFT can be sold twice.

Each item’s eNFT acts as a certificate of authenticity, safeguarding against knock-offs and scalping. Its history and rating stick with it as it is bought and sold. It also has a built-in commission system that allows affiliates to list and sell any product without negotiating a contract.

When the item sells, they get paid immediately. The protocol keeps track of reputations and even facilitates disputes and arbitration.

Any market, affiliate, or seller can make themselves at home here, making NCOG DeFi a “marketplace of marketplaces.” We understand that it is about time e-commerce becomes decentralized because too few players call too many shots.