Everything you wanted to know about Flowertokens but were afraid to ask — Part 1: General Concept

Flowertokens is an experimental project centered around the tokenization and verification of natural commodities, and a first attempt at creating a combined crypto-collectible physical asset.

Users are able to buy, trade, and speculate on tokenized Dahlias (Dahlia x Hortensis) via an online marketplace. The state of the individual tokens is automatically updated according to the different phases of their corresponding plant’s growth.

Flowertokens further marks the beginning of a series of projects oriented around these themes from terra0 — a group of developers and researchers involved in the planning and creation of hybrid ecosystems.

What is the idea behind it?

What does a decentralized verification process look like in practice, when applied to physical assets? How can we ensure that the digital token stays truthfully linked to the changing condition(s) of such an asset? And finally, how can this nexus of information itself operate in a trustless manner?

Our Flowertokens project aims to make these issues raised more tangible. The characteristics of Flowertokens can best be described as a mixture of a crypto-collectible and a verified, constantly updated security; a new category of ‘live’ cryptotokens.

What does it look like?

Users can interact with the project via the website. As well as acting as a portal to the physical installation, the website doubles as a marketplace where users and visitors can sell or buy tokenized plants, as well as look at the plants’ ownership status, current value, species, age, size, and health.

Tokens are initially bought from us. Individuals are able to sell their tokens to others in the crypto-flower-collector community (if they wish), as well as purchase tokens from others, for the for the duration of the experiment.

What do I need to buy a Flowertoken?

MetaMask, a browser extension and digital wallet used to interact with decentralized applications (dApps).

Ether, a cryptocurrency native to the Ethereum network, used to purchase Flowertokens.

A DAO framework for natural resource administration. terra0.org

A DAO framework for natural resource administration. terra0.org