# What is NFT Exchanging?

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## What is NFT Exchanging?

NFT Exchanging on BRANDSWAP enables users to exchange their non-fungible tokens (NFTs) for real-world valuable assets. After acquiring NFTs on the platform (through purchase or other means), users can apply for the exchange through the in-app request form. By visiting the partnered stores, users can complete the exchange process, swapping their NFT for high-end timepieces, precious metals, and other physical assets.

### Benefits of NFT Exchanging

NFT exchanging offers a seamless bridge between the digital and physical worlds, empowering users to unlock real-world value from their NFT holdings.

* **Tangible Value**: NFT exchanging provides tangible value, allowing users to transform their digital assets into valuable physical items.
* **Diversification**: Users can diversify their asset portfolio by acquiring real-world valuables through NFT exchanging.
* **Global Access**: With partnered stores worldwide, users have the opportunity to exchange NFTs for assets from various locations.
* **Unique Opportunities**: NFT exchanging opens doors to unique opportunities, such as owning limited-edition timepieces or rare collectibles.

### How Does NFT Exchanging Work?

The process to stake your NFTs involves the following steps:

1. **Acquiring NFTs**: Users obtain NFTs on BRANDSWAP, either through purchases or other means.
2. **Initiate Exchange Request**: Using the in-app request form, users apply for the exchange of their owned NFTs for real-world assets.
3. **Visiting Partnered Stores**: Upon approval, users visit the partnered stores to complete the exchange process.
4. **Redeem Real-World Assets**: At the partnered store, users redeem their desired real-world valuable assets in exchange for their NFT.
5. **NFT Burn Mechanism**: After the exchange is successfully completed, the NFT used in the transaction is permanently removed from circulation through the burn mechanism.

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You can initiate exchange requests through the in-app form only after holding the NFT for a minimum of 90 days. If any transactions, such as sending the NFT between wallets, occur within the initial 90-day period, the purchase date will be reset, and the 90-day holding period will be recalculated.
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