Despite the recent slump in Non-Fungible Token sales, Sygnum sees no reason to scale back on its tokens business.

Zurich-based Sygnum has launched a suite of services around of non-fungible tokens (NFT), aiming to serve corporates, associations, brands, and artists, it said in an emailed statement Tuesday.

It is opening up its NFT platform to non-financial players by helping them use NFTs as a way of getting closer to their clients, fans, and communities.

«We see huge potential in using NFTs as a way of monetizing brand and intellectual property rights,» head of business units Thomas Eichenberger, told finews.com via telephone.

Mirroring the Real World 

Via Sygnum’s platform, sports clubs can transfer many of the existing client engagement tools into NFTs for their fans. One example is issuing «meet and greet» tickets for fans with their favorite club member, Eichenberger said.

Similar to a photo, the sports fan could use the NFT as a profile image.

Bored Apes Storage

Last week competitor crypto bank Seba, presented its platform to blue chip clients wanting to store Ethereum-based NFTs including renowned collections such as Bored Apes, CryptoPunks, and Clone X.

Height of Popularity 

Last year, speculators spent billions of dollars NFTs, pushing them to their heights and pumping up prices and profits. This year, however, prices of the risky asset have slumped.

Sales on NFT trading platform OpenSea declined 60 percent in the third quarter from the previous quarter, as «Reuters» reported, citing Dappradar data.