12/24/2023 0 Comments Pizza hut tower shopping center![]() ![]() Pizza Hut Canada has introduced "1 Byte Favorites", NFTs of a pizza slice with recipes such as Hawaiian, Canadian, Margherita, and Pepperoni, as part of a marketing drive to promote their pan pizzas and draw customer attention. The ability to track and verify food products' origin, quality, and safety is becoming increasingly important to consumers, retailers, and regulatory bodies. The growing demand for transparency and traceability in the food industry boosts the nonfungible token (NFT) market. The value of an NFT can vary greatly depending on the rarity and popularity of the item it represents, with some NFTs selling for millions of dollars. These are created using blockchain technology, a decentralized digital ledger that records transactions transparently and securely. Nonfungible tokens (NFTs) are unique digital assets verified on a blockchain network. Unique ownership opportunities, using NFTs in virtual reality and video games, promotions, and advertising from food companies and restaurants are other factors expected to drive the market in the forecast period. The key supporting factors for the market are the adoption of blockchain technology and the demand for NFTs for transparency and traceability in the food industry. ![]() The global food & beverage non fungible token (NFT) market size is expected to reach USD 2,134.04 Million by 2032 ![]()
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