Uniqly.io is a marketplace and escrow platform that facilitates the trading of non-fungible tokens (NFTs) backed by physical items. The company's core offering is a solution that enables users to create and trade NFTs representing real-world assets such as clothing, artwork, collectibles, and more. Uniqly.io also provides a service for materializing existing NFTs from other ecosystems like CryptoPunks, HashMasks, and SuperRare, allowing users to obtain physical versions of these digital assets.
The platform employs a custom generator that simplifies the process of creating NFTs tied to physical products. Additionally, Uniqly.io has developed an escrow system that streamlines the trading of physical goods, even those not initially created through their generator. This escrow functionality ensures secure transactions when buying and selling tangible items represented as NFTs.
In April 2021, Uniqly.io launched its native utility token, UNIQ, through a listing on the decentralized exchange Uniswap. The token serves multiple purposes within the Uniqly.io ecosystem, including providing discounts on platform commissions, distributing a portion of platform profits to token holders, enabling token burns and staking rewards, and granting exclusive access and promotional benefits.
As of June 2022, Uniqly.io has expanded its focus to encompass the Web2 space, aiming to cater to a wider audience beyond the Web3 community. The company has introduced new features such as minting NFTs directly from physical items and creating stores for partners in an automated manner.
In May 2022, Uniqly.io facilitated the redemption of 350 NFTs into physical products, demonstrating the platform's capability to deliver real-world items represented as digital assets. The company has also onboarded notable NFT projects like MetaKey and SupDucks as partners.
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