
Non-fungible tokens (NFTs) are taking the world by storm. While NFTs have proved to be a force to be reckoned with, there has been much hesitance considering their long-term impact. Their association with social media had also led many critics to write them off as part of a grand scam.
However, recent developments prove that there are merits to NFTs that, though not many are aware, are gaining recognition from official bodies.
Creating digital twins for physical products has proven to be a feasible way to make them traceable and manageable throughout the supply chain system.