> For the complete documentation index, see [llms.txt](https://eggverse.gitbook.io/eggt-documents-1/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://eggverse.gitbook.io/eggt-documents-1/about-eggverse/13.-nft-of-eggverse.md).

# 13. NFT of Eggverse

The EGGVERSE platform of the EGGT team provides a variety of services that can be expressed through videos and pictures, and solutions for issuing sales items as NFTs. must meet NFTs registered in this way are managed by a system that is registered at the request of consumers in a reverse auction method, and participates in each reverse auction according to the buyer's high evaluation, and the EGGT fee spent when issuing the NFT is distributed to the successful bidder and partners who have obtained high reputation scores. will be distributed

General products issued as NFTs can be exchanged for real assets through a process called Redeem, and at this time, the NFTs that have been exchanged will record information that they have been used. Exchanged NFTs can also be traded as their own collectible value if they have a scarcity value (used Beatles concert tickets are also traded at high prices among collectors in the real world). NFTs that can be exchanged 1:1 with real assets can also be registered in the marketplace and sold or exchanged without redeem.

To this end, the EGGVERSE platform will provide NFT issuance and management solutions according to the roadmap, and will introduce a new consumer-oriented platform so that various partners can enter and bid on reverse auctions according to the buyer's requirements. The EGGVERSE platform not only provides a simple reverse auction solution, but also expands and connects the infrastructure of various partners (sellers) by taking advantage of the strengths of a decentralized platform.

O2O services, both online and offline, include all industries where blockchain technology is applied, from games, social media, movies, payment commerce markets to NFT marketplaces. The EGGVERSE project will achieve a new economic concept through reverse auction across these O2O services. EGGVERSE's marketplace, which begins with real goods and services, plans to expand beyond the RealWorld to the Metaverse. Expansion in the real space has the limitation that it proceeds in a relationship between various platform participants and a vertical combination, but the expansion of the ecosystem in the metaverse will enable infinite expansion without restrictions in time and space due to horizontal competition.

EGGVERSE users can use EGGT developed by the EGGVERSE team as a payment method. EGGT is used for issuance fees that must be paid to the platform when issuing various goods or services as NFTs within the platform, transaction fees for NFT sales, NFT transfers, and fees paid to Redeem.<br>

<figure><img src="/files/hwEcF1D6nwjfLnWqjETA" alt=""><figcaption><p>Figure 18. Auction and reverse auction structure for NFT products on the proposed platform</p></figcaption></figure>

Finally, as shown in figure 18, EGGT is consumed for each bidding to purchase NFT products, and in case of non-successful bidding, the consumed EGGT is returned, and in case of successful bidding, the relevant NFT product of the auction is received. Even when using other coins and tokens, the same applies as when using EGGT.