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NFT project with the theme of flying animation, Azukiannounced a new Physically Backed Token (PBT) standard. This is set to open up new ways to link real-world items to the realm of blockchain-based authentication.
Through a new initiative, anyone can now link their physical items to the Ethereum network by partnering with BeanChip. PBT token standard Link them through a self-generated asymmetric key pair. Users can then use their phones to scan the chip and associate all the components with a single crypto wallet.
Azuki launches new technology via open source protocol. This means anyone can build on his PBT standard that is different from existing products by performing all transactions on-chain using a decentralized and trustless framework. Essentially, it removes the third party interaction from the transaction chain. However, it remains unclear whether the technology will prove to have no impact on older switchers.
Introducing Physical Backed Token (PBT): An open-source token standard that ties physical items to digital tokens on the Ethereum blockchain. pic.twitter.com/iXavmJR5xv
Azuki (@AzukiOfficial) October 17, 2022
To debut the new technology, Azuki made extravagant preparations. very limited token set,During startup October 21st A set of 9 gold-plated skateboards, quirky and somewhat impractical. Each will be authenticated on the blockchain using the all-new Physically Backed Token standard.
The announcement was followed by a surge in Azuki NFT deals, which briefly catapulted the collection to the top of OpenSea’s sales rankings, while overall bottom prices dropped slightly as past misdemeanors became ancient history. rose.
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