NFT major AzukiOfficial releases Physical Backed Token PBT, trading volume spikes Z
The inaugural implementation of Azuki's PBTs will leverage BEAN Chip, a physical cryptographic chip that self-generates an asymmetric key pair. With PBTs, hardware devices cn be used in novel"scan-to-earn" technical designs.
From the user's point of view, Azuki's PBTs can be used for transparent and tamper-proof transfer of"physical" value that can be verified by public blockchain-based instruments.In turn, businesses can experiment with PBTs to integrate physical items into virtual experiences like metaverse, VR/AR, games, e-commerce, online education, etc.Azuki devs released an open-source code on GitHub so that all crypto enthusiasts are able to experiment with using PBTs for various use cases.
This release sent interest in Azuki products through the roof. As noticed by NFT analysts from SeaLaunch, Azuki traders processed 870 Ethers in trading volume following the announcement of PBT.
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