The Launch of Physical Object’s NFT
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The launch of the new system was made with the use of Ethereum. The NFT project Azuki has introduced a new symbol $PBT, an open-code regulation for connecting physics objects to their NFT symbols. Azuki announced the new version in an October tweet.
The owners can now make NFTs from their products
In declaring the coin release, Azuki defined its PBT as the new way to create stories and NFT art objects that use physical things to make electronic art objects. Owners create groups that connect the electronic and physical worlds, share original references, and engage in real-world tasks.
Talking about the video attached to the post on Twitter, Azuki plans to release a new NFT collection this Fall. The 1st certified real life thing will create an entire NFT production line.
According to Azuki, the first physical object token will be used on an encryption chip that independently makes asymmetrical key pairings. Azuki describes the PBT as part of a device that implements scan and own technology. It is a mechanism to connect physical objects and digital tokens via cables without going through a centralized server approval.
The two Azuki innovations
This new system released another Azuki’s innovation: the chain of ownership restructuring. These two concepts are usually separated from each other. Azuki stated the news recently in a press release. Making electronic markers to stand for real life objects is nothing new, but maintaining the relationship between markers and objects throughout the lifetime of the object remains a challenge.
The PBT standard provides a complete physical ownership history of objects. It allows for a complete chain of custody, decentralized authentication and centralized serverless monitoring solutions.
Reliability and new features
Azuki stated that the system also uses a reliable certification procedure. The primary use of PBT is validation of introduced products. It is a system that allows retailers to verify their identity by simply scanning a physical product with a mobile phone.
Azuki lets PBT owners create groups that span the digital and physical worlds, replace them with real elements, and engage in real-world tasks. Some more opportunities are awaited in the near future.
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