Azuki’s first PBT Azuki Golden Skateboard auction has ended. Eight PBT tokens were traded for a total of 1901.06 ETH (nearly $2.5 million), with the highest traded at 309 ETH.
Azuki said that the physical skateboard will be distributed in November, and users who have won the token will be able to connect the physical skateboard to the token through a chip developed by him.
As previously reported, Azuki released the open source Token standard Physical Backed Token (PBT), which supports binding real objects to the Ethereum blockchain. It is characterized by decentralized authentication and tracking of ownership lineage of physical items. The process is completely on-chain and does not require a centralized server.
It is reported that the first PBT application is the BEAN chip, which is a physical encryption chip that can self-generate an asymmetric key pair.