The development of Web3 has changed the way organizations interact with their customers, handle their digital assets and create trust within their digital environment. The development of NFT lies at the heart of this evolution process; however, today, the scope of applications for this technology is much broader than digital art pieces only. Modern companies are using blockchain-based digital...

Introduction NFTs have evolved beyond merely a mode through which digital art could be collected. NFTs are now turning into highly valuable business tools as they allow for digital ownership, provide greater transparency, foster improved customer engagement, and help businesses earn new sources of revenue. Businesses from diverse industries are embracing NFT technology in order to improve...