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November 17th, 2021

We’re excited to share a new project we’ve been working on called Otis House.

Otis House will be a marketplace, auction platform, and vault for physical items, built on top of Ethereum. The physical items will be stored, vaulted, and insured by Otis, and we’ll mint NFTs that represent ownership of those items.

These NFTs will then be able to be collected, bought, or sold without the necessity to ship or transfer physical possession of the items they represent. If at any time the holder of one of these NFTs wants to take possession of the corresponding physical item, they can simply trade it into Otis House.

Why?