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VPawn

How It Works

    Step 1

    A customer pawns an item at a licensed partner pawnshop and receives a pawn ticket.

    Step 2

    With the customer's consent, the pawnshop issues that pawn ticket as a single NFT on VPawn.

    Step 3

    The NFT can be transferred on VPawn. The pawnshop keeps the item and handles redemption under its own licence and pawn terms.

Good to know

VPawn is a technology platform. The pawn loan, the appraisal of the item, the custody of the pledged item and its redemption are handled by the partner pawnshop under its own licence and pawn terms. VPawn is not a party to any pawn loan.

Each NFT represents one entire pawn ticket and cannot be divided. Payments are settled directly from the buyer to the seller's wallet by smart contract. VPawn is currently in a testing phase and has not started live operation with partner pawnshops.