Geotagged NFTs
What Are Geotagged NFTs?
A geotagged non-fungible token (NFT) is a type of NFT that is associated with or tied to a specific physical location. It incorporates NFTs’ unique properties with geolocation technology, enabling artists to link real-world places with digital assets.
How Does It Work?
Geotagging is the process of embedding exact global positioning metadata into digital content like images and websites. As such, geotagged NFTs are created by adding location-specific information (such as precise latitude and longitude coordinates) into the token’s metadata.
As an example, this concept could work particularly well for street artists, who can now tokenize murals, installations, or performances tied to their original locations. This allows creators to monetize their work without physically removing it from public spaces, while collectors gain ownership of digital representations that maintain authentic connections to their geographical origins.
What’s more, it adds context and the element of storytelling to the token. This makes them more appealing and personalized for both the creators and the collectors.
The process of creating such NFTs includes:
- Creating the NFT – The creator leverages a blockchain network that supports geolocation metadata to mint an NFT.
- Geotagging – The desired geolocation information is then attached to the NFT, where the creator specifies the specific latitude and longitude coordinates. This information is then stored within the NFT’s metadata.
- Deployment – The resulting NFT is then deployed on a blockchain network where users can buy, sell, and transfer it.
- Interaction – Users can then discover the geotagged NFT and interact with it at the designated location linked with it. This interaction is possible through dedicated apps or platforms supporting geolocation services.
