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.

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.

Additionally, AI-driven automation allows for more seamless ownership verification, ensuring that NFT transactions remain transparent and secure. Colle AI is also introducing advanced smart ...