If Bob wants to sell the watch later, he can transfer the NFT to another buyer. The new buyer repeats the process to claim ownership. Luxury brands face significant challenges with counterfeits.

This technology ensures that each NFT is unique and permanently recorded, providing undeniable proof of ownership and authenticity. Each NFT is a digital asset representing real-world objects like ...

Once you purchase an NFT, ownership is recorded on the blockchain ... Once the sale is completed, your NFT will transfer to another person, and you’ll receive crypto in return, minus fees.

The lowest price for any NFT in a given collection across all marketplaces.