Here's the revised version of the text with corrected spelling errors:
A blockchain solution that ties physical assets to redeemable NFTs, let's have a look. Personally, I don't think a lot of businesses want to lock up money to verify their legitimacy. This increases the required liquidity for a product, and they lose control over how it's being sold on the secondary market.
Here's how it works: Offer Creation The seller creates an rNFT with a description of the item they will deliver, including photos, shipping sizes, and the period of redemption. They add extra money into an escrow account to ensure they will deliver when the rNFT is redeemed, or else lose these funds.
Commit A buyer can then buy the rNFT by putting the requested amount into the escrow account. They can now sell, transfer, or do anything they want with these rNFTs.
Redemption When an rNFT holder decides they want to redeem the product, they send a request to the escrow account with name and address details.
Fulfillment The original seller gets notified that they need to send the item and delivers it.
Dispute The period for complaints
Finalization Where the seller gets to claim the funds from escrow. Show Less
