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shoes that are tokenized as a non-fungible token on the Ethereum blockchain, dubbed CryptoKicks.Footwear Nike Air Max Command Womens giant Nike patented shoes that are tokenized as a non-fungible token (NFT) on the Ethereum blockchain, Nike Air Max 97 Femme dubbed CryptoKicks.The patent — dated Dec. 10 — describes a digital asset for footwear and ways to use it. One implementation of the technology described in Nike Internationalist Mujer the document is an Ethereum ERC721 or ERC1155 token used to authenticate and transact Nike Air Max 97 Damen a physical shoe.The token would be “unlocked” with the purchase of a corresponding physical shoe by linking a 10-digit shoe identification code with the owner identification code. The system apparently aims to provide a way to ensure the authenticity Nike Dunk High Femme of the goods, as described in the patent:

“Prospective and current owners [...] may buy and sell digital Nike Air Vapormax Dam assets through one or more blockchain ledgers operating on the decentralized computing system. [...] By way of example, and not limitation, a user Nike Air Pegasus 83 Dámské may buy a new pair of highly sought after sneakers from a verified vendor who may provide Nike Air Max 720 Dam authenticated provenance records for the sneakers. [...] After receiving the shoe box containing the purchased sneakers, the user scans the box UPC with a barcode scan feature Nike Dunk High Dam in a sneakers app operating on the user's smartphone.”When the footwear is Nike Air Force 1 Dámské sold, ownership of the digital token can be passed on alongside the physical product. The property of those tokens would be managed in a dedicated app, also looking to enhance brand engagement.

Interestingly, Nike also suggests that token creation may Nike Air Odyssey Damen Herren be linked to shoe sales, which would also allow for the verification of the scarcity of the shoes in Nike Air Zoom Spiridon Dámské circulation. The patent reads:“When a consumer buys a genuine pair of shoes a digital representation of a show may be generated, linked with the consumer, and Nike Air Max 97 Womens assigned a cryptographic token, where the digital shoe and cryptographic token collectively Nike Air Max TN Mujer represent a ‘CryptoKick.'”The patent also borrows ideas from popular blockchain collectible cats game CryptoKitties. More precisely, it suggests that the shoes can be bred:Currently, Ethereum and Bitcoin can process about 15 and 7 transactions Nike Air Max Command Femme per second (TPS) respectively — much less than Visa’s almost 45,000 TPS. Thus, TON needs to process more than Visa to facilitate its millions of users.

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