Overview

Our Goal

Phynite's mission is to create the easiest, fastest, and most secure way to trade the value of physical assets.

The Phynite Protocol

The Phynite Protocol is our ultimate solution, and it consists of the specific components that we use to create what we believe is the most efficient technological and business method. Through the Phynite Protocol, we are able to allow users to trade legal ownership rights of physical assets through the blockchain, which has never been done before. The protocol consists of details regarding Contractually Bound NFTs (CBNFTs), the necessary components in the specialized CBNFT smart contract, the legal elements in the standard legally binding contracts, and etc. To learn the specific technical details, read the Phynite Protocol White Paper.

Contractually Bound Non-Fungible Tokens (CBNFTs)

Contractually Bound Non-Fungible Tokens serve as the core component of the Phynite Protocol. CBNFTs are essentially specialized NFTs that can legally obligate a party or parties to take certain actions depending on the state of the blockchain. Phynite uses CBNFTs within the Phynite Protocol by connecting them to real physical assets.