• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • CFO StraTech, Bengaluru (August 20, 2026)
    • PROFX Expo, Cape Town (August 20-21, 2026)
    • CFO StraTech, Dubai (September 2, 2026)
    • PROFINEXPO, Bangkok (September 3-4, 2026)
    • Web3 Warsaw (September 9-10, 2026)
    • European Blockchain Convention, Barcelona (September 16-17, 2026)
    • Forex Expo, Dubai (September 22-23, 2026)
    • Digital Assets Week in London (October 6-7, 2026)
    • 5th Fintech Week & Expo, Frankfurt (October 7-8, 2026)
    • TOKEN2049, Singapore (October 7-8, 2026)
    • Money20/20 USA, Las Vegas (October 18-21, 2026)
    • Digital Asset Forum, New York (November 13, 2026)
    • iCrypto Awards: People’s Choice, Dubai (December, 2026)
    • Digital Asset Forum, London (February 1-2, 2027)
  • Past Events

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

SPACE Launches Phygitals to Help Retailers Build Strong Communities in the Metaverse

December 5, 2022 By Crypto Reporter PR

SPACE, a commerce virtual world, has launched the ability to create phygitals on its platform. Now, any shop owner, retailer, influencer or creator can automatically create a digital representation of a physical item as an NFT: The SPACE Phygital NFT. As a powerful engagement and community building tool, phygitals provide 2-for-1 value for consumers and open up the avenues for brands to gamify the shopping experience.

“I believe that phygitals are the industry 4.0 revolution. They will completely reshape how people shop and how they engage with a brand. Phygitals will definitely have an impact on how retailers, creators and brands grow their communities,” says Batis Samadian, Founder and CEO of SPACE. “SPACE is pioneering the phygitals movement, and with its cutting-edge technology offers its users one of the best virtual shopping experiences.”

The SPACE engineering team has made it easy for users to start using phygitals. Consumers receive a link via email. The link allows them to mint their SPACE phygital NFT once they purchase a physical item. The minting is protected by a QR code packaged with the physical item. This enables each retailer to secure the minting process much better and ensures that each item can only be minted once.

Once claimed, the customer can use the phygital however they see fit – they can use their phygital as avatars, participate in exclusive loyalty and charity programs, or exchange them.

About SPACE
SPACE is a commerce virtual world which enables the creators of tomorrow to build and dream together. SPACE is on the path to enable people to have incredible immersive commerce experiences and provide them with tools that enhance not only the community but people’s productivity in life.
Website: https://www.tryspace.com

Filed Under: Press Releases

Primary Sidebar

Press Releases

Growth in Crypto Payroll a Boon for Stablecoin Adoption as Mercuryo Data Shows 57% Use Digital Dollars for Off-ramping

August 14, 2026

Digital Asset Forum New York will take place on November 13, 2026

August 14, 2026

89% of Crypto Buyers Want Fee Shown in Real Costs, Not Percentages, Paybis Research Finds

August 13, 2026

Provably Fair Isn’ a Buzzword – Here’s the Cryptography That Backs It Up (and What It Still Can’t Prove)

August 12, 2026

Cregis Custody FZE Secures Dubai VARA In-Principle Approval to Provide Digital Asset Custody Services in the UAE

August 12, 2026

Follow Us

Web3 Warsaw

European Blockchain Convention

Forex Expo Dubai 2026

5th Fintech Week & Expo 2026

Money20/20 USA

TOKEN2049 Singapore

iCrypto Awards

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2026 Crypto Reporter