New Blockchain in China building What they describe as a smart economy and a strong competitor in the past of Ethereum has unveiled OneBand, a phygital NFT device.
Neo unveils OneBand
in the middle post on On April 22, Niu said the OneBand is a physical loop cryptographically linked to a non-fungible loop. token (NFT).
Neo explains that the physical ring and the NFT are closely related since the ring was included with NFC chip and controlled BIP32 master key.
Master BIP32 key standard It has been widely adopted. would allow NFT holders and OneBand to quickly authenticate files assets across all market Slices. NFC is the same technology Used by debit and credit card providers like MasterCard and Visa.
OneBand was created in partnership with COZ and AxLabs. They will demonstrate how The circuit operates in 2023 in Austin, Texas.
OneBand is a new innovation says NFT can expand use Cases and speed up securely connecting between digital And real-the realms.
The excerpt reads:
“There are so many things you can do in the world of POAP, Brand Activation, game interactions and verification financial transactions and more. the ability To securely embed the NFT asset within the physical asset and make him interact with the real world It’s an emerging frontier.”
New also It was stated that each episode would be syndicated with a developer several. this wayinterested developersincluding artists, creating projects that benefit them technology. By experimenting with systemf developers He was also when chance To explore the ecosystem of Neo and featuresincluding final block of single and multi-language smart contract support.
Subtract N3 and integration in Chinese BSN
While Neo aims to stimulate NFT activity on The main network, the blockchain is lagging behind behind competitorsespecially Ethereum.
It is though full Subtract of N3, Enhanced version of New mainnet, integration into China’s Blockchain-based Service Network (BSN) in Early 2022.
as part of BSN, users in China can access NFT Markets in New. NFTs are silent on Neo and across the BSN ecosystem have been renamed Decentralized Digital Certificates (DDCs) to differentiate themselves from stamped NFTs. in Other jurisdictions, including Europe and the United States. DDCs comply with rules and regulations set by the Chinese authorities.
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