Counterfeiting, piracy and copyright infringement are all big problems in the digital realm. Could turning products into NFTs help solve some of these issues?Since bursting into mainstream consciousness in 2021 — and even being the subject of a parody on Saturday Night Live — nonfungible tokens have become best known for serving as a vehicle for digital art.
One of the platform’s top priorities is also ensuring that NFTs are easy to use for consumers.To make a purchase, a buyer simply needs to ensure that they have a Uquid account — and from here, the process will be exceedingly familiar for anyone who has used an online e-commerce platform before. No fees are attached to these initial purchases.
The NFTD protocol is fueled by Uquid, a utility token on the Binance Smart Chain. Those working on the project say this blockchain delivers low transaction fees and high performance thanks to how the network is capable of producing a block every three seconds. With a fully functional platform now live, the crypto-powered brand now has its sights set on bringing NFTs closer to everyday life.