Altr, operating on the Polygon blockchain, addresses the liquidity challenges faced by luxury collectible owners seeking to convert their high-value items into cash.
This platform offers an innovative solution by leveraging blockchain technology to bypass the common hurdles encountered in traditional liquidation channels.
Luxury collectible owners often wrestle with obtaining fair value for their items, with options like selling to dealers who aim for resell profit margins, or navigating the time-consuming and costly process of auctions.
Rovelli suggests a novel approach through blockchain, proposing the digitisation of collectibles into secure, blockchain-based ownership certificates.
Through the application of blockchain technology, Altr aims to revolutionise how luxury items are valued and exchanged, offering a quicker, more transparent, and fairer alternative for collectors.