Hardly a day goes by without a new non-fungible token (NFT) initiative being announced. Everyone from Coca-Cola and Gucci to Adidas and Barbie is entering the market, hoping to benefit from the sale of digital assets whose ownership is authenticated by the Ethereum blockchain.
Fashion brands such as The Fabricant are selling digital fashion NFTs that can be worn within games and traded on marketplaces such as Enjin, OpenSea and Rarible. Walmart is planning to create its own cryptocurrency and NFT collection, indicating the company’s intent to make …