On Monday, Azuki and Chiru Labs introduced the Physical Backed Token (or “PBT”), an open source token standard which ties a physical item to a digital token on the Ethereum blockchain. PBT enables brands and creators to create next-generation storytelling and experiences for their communities. Developers can begin building with PBT at pbt.io.
PBT sets the foundation for new experiences and storytelling. As a holder, you can build a collection that captures both the digital and physical worlds, trade authenticated items, or participate in real life quests. We can’t wait for you to see what we’ve been building on top of PBT. This is just the tip of the iceberg for the new types of experiences that are possible through this standard.