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Azuki takes NFT to the next level with PBT

Azuki is a Japanese non-fungible token (NFT) project that focuses on anime-themed tokens and is making waves. The company is in full swing in the Web3 space with the launch of its new Ethereum-based open source token standard called Physical Backed Token $PBT.

Azuki's idea is to link physical items with digital tokens for users to enjoy on-chain ownership of real assets. The company recently launched the open source PBT token standard, which links a physical object to a digital token on the Ethereum blockchain.

With this new token standard, users can create a link between the real world and the virtual world in a whole new way. PBT brings a new dimension to the way brands tell stories, allowing collections to capture both the digital and the physical. In addition, token holders can exchange authenticated items or participate in real-life missions.

In the video presentation, Azuki showcases the first physically authenticated blockchain products launched by the company in the form of nine golden skateboards. These golden skateboards are tethered to physical cryptographic chips called BEAN, which are capable of self-generating an asymmetric key pair and are the first implementation of PBT.

PBT also allows the hardware to create an experience called "scan-to-own," which is another crucial step in the world of NFT. In this way, users can scan the physical object linked to the digital token on the blockchain and own it in the virtual world.

The pseudonymous founder of the NFT project, who goes by the name "Hachinuki," confirmed that he was leaving an NFT project called NekoPara that he spent two years on. This shows that Azuki is focusing on improving the user experience in the NFT world and is pushing for a new standard in the industry.

In short, Azuki is changing the way brands tell stories and create experiences. PBT unlocks the use of physical assets to create digital experiences and today begins a new generation of storytelling and experiences in the NFT world.

NFT Trends