Overview

Hybrid Assets

Platform

To hybridize physical goods, we follow the workflow outlined below.

Gather all required information for the collection

During project onboarding, we collect all of the necessary information we will need to launch, ship, and authenticate your products. Many of these details can be collected by your Account Manager, but you can also use the One of None Collection Builder (GUI) or our API to supply the following:

*Only required if you are using our hosted front end.

If your product can be re-vaulted (i.e. eligible for redeeming/vaulting), your ethereum smart contract ABI must include two special functions called getStatus and setStatus alongside an enumeration called TokenStatus that maps all token IDs to the physical status of a token. You must also make minor adjustments to your mint function and beforeTransfer hook to set and check a token status. We use these mechanisms to lock and unlock a token as it is shipped to/from our Vault.

We also offer an ERC-721 template that implements all key signatures of an ERC-721 plus additional roles and pre-built features for Hybrid products. You can use a local build environment like Hardhat to quickly compile and deploy a custom version of our template.

In order to properly store, insure, and ship your products, we must collect information about the product’s underlying materials, measurements, and unit value. This includes:

The ability to determine if an item is authentic is the most crucial requirement for managing hybrid products. We implement multiple layers of authenticity in our process including microchips, photography, videography, 3D scans, and custom criteria.

We work with you to create a list of additional authentication criteria. This list is unique to your product and will incorporate subtle characteristics that can be used to distinguish a real product from a fake.

For example, when dealing with apparel, we may stitch a special thread in a hidden location. For collectible figurines, we may use smart dust or invisible ink to mark each product with a unique design. We evaluate all secondary authenticators on a case-by-case basis.

During the onboarding stage, we work with you to develop an appraisal sheet of objective parameters that we can use to assess changes in a product’s value as it re-enters our vault.

Print / encode chips for physical products

All One of None Hybrid products are chipped with a unique dual frequency RFID/NFC tag that cannot be cloned or unlocked. Once encoded, we combine the RFID’s inventory management benefits with the NFC’s user-friendly local memory store. The chip gives us a first line of defense against counterfeit products as well as easy extraction of data from a nearby Hybrid product.

Once we have all of the information we need to launch a collection, we can determine the most durable and non-intrusive chip encasing to use with your products. Sometimes the chip will be embedded at the point of manufacturing, but typically, our team will affix it to the product after receiving it from the manufacturer.

We encode each chip with its corresponding product data and then lock it, so future owners cannot perform write operations on the RFID. We then save the relationship between the chip tag ID and the smart contract token ID in our database and as an on-chain snapshot with IPFS. This ensures the link between digital and physical products is immutable.

Once all chips have been processed and read for quality assurance, we apply a chip to each product.

It is easiest for One of None to chip your product and fulfill the first wave of orders. We will ensure that each chip is applied to the correct product and successfully scanned to generate the product’s initial condition report.

If you or your manufacturer would like to install the chips, we will send you an RFID-blocking binder that outlines the chipping process and includes each individual chip along with its tag ID.

You must use an RFID scanner to confirm that the correct tag ID is applied to the intended product. We are not responsible for a chip that has been incorrectly placed, so make sure you perform a scan read before packaging.

Sell the product online

On drop day, you will sell your Hybrid product in whichever format you choose. The details of your drop are entirely up to you– it may be a mint page on your website, a collection page on a 3rd party NFT exchange, or our fiat/crypto on-ramp if you are using our Hosted Vault front end.

New owners of the Hybrid NFT can “Redeem” their product from our warehouse to receive the physical item. To do so, use our hosted front end or API to check that the token’s status is “Vaulted” and confirm that the connected wallet / user account owns the Hybrid NFT.

If the token is eligible for redemption and the owner is verified, you can collect the user’s shipping information and initiate a Redemption request. This informs our inventory management team to print an insured shipping label and generate a tracking number.

Please note that it is up to you whether or not the end user will be responsible for shipping. We can adjust the terms of our shipping agreement during the Onboarding process.

Immediately prior to shipping from our warehouse, we will change the NFT’s token status to “Redeemed” and update any related metadata. This will prevent the owner from listing their token on an exchange while they possess the physical item.

Appraise and authenticate products for resale

While some users will decide to physically own their products, others will prefer to participate in secondary exchange. They may list their Hybrid product on an NFT marketplace and freely trade it to other collectors.

Products that are re-vaultable can be physically owned by multiple collectors. This means that a collector who is in possession of the physical can still sell their item if they ship it back to One of None first.

In a process similar to the Initial Redemption outlined above, we verify the status and ownership of a token and then send a collector a shipping label to return the item to our authentication facility. We then use the agreed upon authentication criteria to determine if the product has declined in value.

If we deem that the product is authentic, we set the token’s status to “Vaulted” and update the product’s metadata to show its new condition report. The owner can now list their token or decide to redeem it once again.

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