Domin and WAX: Transforming NFT Redemption

WAX io
3 min readFeb 27, 2024

This article is published on behalf of Domin

Domin (formerly known as RE:DREAMER) is excited to unveil its strategic integration with WAX, heralding a new era of blockchain SaaS aimed at broadening blockchain’s reach. This collaboration introduces an NFT redeem protocol on the WAX blockchain, designed to revolutionize how NFTs are redeemed for tangible experiences. Through this protocol, validating NFTs, authorizing redemptions, and bridging Smart Contracts with Web2 systems becomes seamless, thanks to an innovative payment-like API/SDK.

A Plug-and-Play Redemption Solution

Domin has developed a versatile and open NFT redemption protocol that effortlessly integrates with leading systems, acting as a plug-in solution. This innovation enables partner systems to evolve their offerings post-integration by incorporating features from other services that support our redemption protocol. Our aim is to streamline NFT redemptions across various sectors, including point-of-sale, customer relationship management systems, vending machines, and e-commerce platforms like Shopify, enhancing real-world utility and convenience.

Welcoming the WAX Community

We’re excited to extend a warm invitation to the WAX community to explore the unparalleled vIRL NFT experiences that Domin facilitates. By connecting the dots between Web2 and Web3, we’re setting the stage for an array of physical experiences redeemable through NFTs. From tangible product deliveries and event tickets to seamless payments, our partnership is set to redefine the NFT landscape with real-world applications.

The Success Story of Ultraman

The collaboration’s flagship project, Ultraman, developed on the WAX platform in partnership with AtomicHub and Beast Kingdom, exemplifies the potential of our redeem protocol. This venture offers collectors a unique hybrid experience of 8 limited edition physical figurines paired with 56 digital collectible NFTs. Garnering over 23,000 online queue participants and 70,000 NFT sales, the Ultraman project not only broadened the blockchain user base but also pioneered a novel business model for the Beast Kingdom IP on the blockchain. Buoyed by the success of Ultraman, we’re gearing up for the launch of phase II.

Pioneering Digital-Physical Experiences

Our collaboration with WAX and innovative endeavors like Ultraman are paving the way for the fusion of digital and physical realms within the NFT ecosystem. As we venture into this exciting frontier, we invite you to join us in shaping the future of NFT redemptions, where the possibilities are endless.

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