Quick TakeRapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion.Chiru Labs has launched an open-source token standard that bridges the physical and digital worlds.Coined Physical Backed Token (PBT), the standard integrates a cryptographic chip that allows for a more persistent physical-digital product link.This initiative could reinvigorate its decaying business model that has taken a hit from vanishing royalty revenues.Disclaimer: This is a market commentary research piece and includes opinionated views from our research team. Nothing contained in this piece constitutes a solicitation, recommendation, endorsement, or offer by The Block Research
