Azuki, an anime-inspired NFT token project, has launched Physical Backed Token (PBT), an open-source token standard that links a physical item to a digital token on the Ethereum blockchain.
Azuki shared on Twitter that the first PBT implementation will use the BEAN Chip, a physical cryptographic chip that generates asymmetric key pairs by combining the PBT and BEAN Chip, resulting in a feature the project calls “scan to own.”
team Azuki It states, “Scanning the chip with your phone allows PBT to be generated or transferred digitally to the owner’s wallet. This allows the physical current owner to own the PBT, who can verify the authenticity of the item and associate the item with the digital token in the wallet of their choice.”
PBT intends to enable decentralized authentication. and tracking the complete ownership of the physical item, all on the chain and without a central server. Make it a trustless certification
According to Azuki, no entity has the right to authenticate or verify ownership of an item. Everyone is free to verify, verify, and build their experience in this technology.
Azuki believes that PBT will unlock the use of tangible goods. to create a digital experience. As a result, holders can create collections that combine both digital and physical. and trade authenticated items or participate in real-life quests
Ever since the news of Azuki’s Physical Backed Token launch, the project has become number one in OpenSea’s 24-hour trading volume rankings.
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