Product NFT
Last updated
Last updated
Product NFTs are a key element within the LastShop Big Data Center, providing users with absolute control over the content and sale profits of uploaded products. Each user can upload multiple NFT products, with each product retaining its associated information records, including product details, transaction records, store records, on-chain reviews, logistics reviews, and all other related content. These records are stored in a distributed manner, making the concept of “everything on-chain” a reality.
Each product NFT has a unique ID, such as Product NFT#9526.
Relationships between products are linked through blockchain wallet addresses. This product information serves as a reference for buyers and sellers regarding the quality, description, and other details of the products. The creation of product NFTs is provided by the product provider, with the product NFT module managed by LastShop through smart contracts. Any other third-party Web3 e-commerce platforms can directly access this module to enrich product data consensus.
Product NFTs are used for data consensus building and do not have trading attributes. The product provider does not retain ownership of the product NFT; instead, it is managed by the LastShop Big Data Consensus Center. Other sellers can directly use the transaction module to list the product NFT for sale, which corresponds to the physical product. When the product is utilized by other merchants, the relevant order and payment modules will be synchronized with the product NFT provider, who will then need to process the corresponding order and handle shipping.