🚨Magic mushrooms,🚨 hemp and kratom can now be certified with Avalanche blockchain
Using the Avalanche blockchain, startup Blockticity has minted NFTs which aim to certify the authenticity of psychedelic mushrooms, hemp and kratom.
Using the Avalanche blockchain, startup Blockticity has minted NFTs which aim to certify the authenticity of psychedelic mushrooms, hemp and kratom.
The plan is to authenticate a large batch of cannabis products using the same NFTs.
Thousands of certificates proving the authenticity of roughly $275 million worth of psychedelic mushrooms, hemp and kratom have been minted as NFTs, according to a statement.
Using the Avalanche blockchain, goods certification startup Blockticity said it has minted NFTs designed to certify the authenticity of products tested by ACS Laboratory, the companies said in a statement. ACS Laboratory is the largest hemp and cannabis lab in the eastern U.S., it also said.
Kratom has been considered an herbal medicine that some claim to possess opioid-like properties.
Global supply chain
The aim is to expand beyond this particular initiative with ACS Laboratory and expand to "consumer electronics, apparel, agriculture, seafood, and other sectors," according to Blockticity, which said additional projects are expected to debut later this year.
"Blockticity's primary goal is to harness web3 for tracking products across the global supply chain,” the company's CEO Mike Coner, said in the statement. “We use Avalanche because it enables on-chain product authentication while safeguarding client metadata and offering a scalable solution for the worldwide economy."
