# Overview

Detrove is a marketplace for NFTs backed by collectible items, such as sneakers, watches, and wine.

Our NFTs give users the **right to redeem** the item it represents at any time. Until an NFT is redeemed, the item remains verified and stored in one of Detrove's storage facilities.

In this way, Detrove enables users to speculate on collectibles the same way they would buy and sell stocks - **without needing to physically own the item.**

Learn more about the life cycle of a Detrove NFT here:

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### Detrove makes the collectibles market more efficient

By enabling the trading of NFT representations of collectible items, Detrove facilitates price speculation on the collectibles market while eliminating the need for physically handling the goods. Just as commodity futures allow retail and institutional investors to trade commodities more efficiently, Detrove aims to accomplish the same for the collectibles market.

Additionally, Detrove aims to eventually promote price efficiency in the collectibles market by enabling low-cost, low-hassle cross-border transactions.

### Why is Detrove centralized?

Detrove aims to enables users to tokenize their collectibles, trade existing tokenized collectibles, and redeem them with costs kept as low as possible.&#x20;

Since tokenized collectibles are asset-backed NFTs, they require verifiers and custodians to ensure the authenticity and safe storage of each asset. Decentralizing the role of the verifier and/or custodian is always less efficient than relying on a centralized storage provider for two reasons: Firstly, fees will constantly have to be paid to these parties to incentivize their cooperation. Secondly, decentralized storage forfeits the benefits of economies of scale; using a small number of large warehouses would incur lower storage costs.

Additionally, since asset-backed NFTs by definition do not entirely exist on chain, there can never be a concrete guarantee of trustlessness (unlike protocols functioning entirely through smart contracts). Relying on an unknown verifier and custodian inspires less user confidence than an established corporate entity.

### Technical Information

Detrove is built on Solana, with each asset represented by a single NFT.

Our NFTs can be freely traded on Magic Eden, our own proprietary marketplace, or any other NFT marketplace on chain.

