Unlocking value: Exploring the integration of NFTs and physical assets

Published 11/01/2023, 12:00 PM
Updated 11/01/2023, 01:40 PM
© Reuters.

NFTs have changed our understanding of digital assets since gaining more mainstream attention in recent years. With this, the relationship between NFTs and physical assets has also emerged as an intriguing and innovative use-case for this technology.

Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are unique digital tokens that represent one-of-a-kind items or assets. While NFTs are predominantly associated with the digital space, they can also be linked to physical assets through tokenization, thus bridging the gap between the virtual and physical worlds. This link has introduced new possibilities and use cases for NFTs that extend beyond the digital realm.


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