Merchandise NFT refers to non-fungible tokens that represent ownership or proof of authenticity for physical merchandise. These NFTs are usually linked to items such as clothing, art, or collectibles, providing a digital certificate that verifies the uniqueness of the item.When a merchandise NFT is created, it becomes part of a blockchain, which ensures its scarcity and prevents duplication. Buyers can own a unique digital asset that corresponds to their physical product, offering both a collectible aspect and potential investment value.Merchandise NFTs can enhance customer engagement. Brands may use them to offer exclusive rights to limited-edition items, promotions, or experiences that can boost the overall appeal of their products. Additionally, these tokens can also provide a way for creators and brands to earn royalties whenever their merchandise is resold on the secondary market.Overall, merchandise NFTs merge tangible products with digital ownership, adding a new layer of value and interaction for both consumers and creators.
Bank of Japan Weighs Additional Rate Hikes as Inflation Persists
The Bank of Japan will continue to raise interest rates if economic and price trends progress as expected, Deputy Governor