NFT

Couple Exchanges NFT Tokens as Rings for their Wedding

Coinbase employees, Rebecca Rose and Peter Kacherginsky, have found a romantic way to use NFTs, exchanging them as “virtual rings” for their marriage. On the first occurrence of its kind, the Jewish couple made the exchange over blockchain and named their NFT ‘Tabaat’, which in Hebrew means “ring”. The U.S residents came up with the idea because they wanted their wedding to be more personal than a traditional Jewish ceremony.

NFTs or “Non-fungible tokens” are unique digital collectibles that can be bought or sold over the blockchain. This preserves the originality and uniqueness of the item as it can’t be duplicated. Moreover, the security mechanisms of the blockchain ensure that the digital collection isn’t defrauded. 

The couple has leveraged the uniqueness of the crypto asset, creating their token on Etherscan. Two Tabaat tokens have been minted so far with none available anymore. A delighted Rebecca Rose explained why exchanging these tokens was such a unique romantic gesture.

NFTs have been in the headlines ever since a Digital artist, Beeple, sold his digital art titled “Everydays: The First 5000 Days” for $69 million at an online auction.

On March 23rd, cryptocurrency exchange Crypto.com announced that it was close to launching its own NFT platform, featuring content from the likes of Snoop Dogg and Lionel Ritchie. The exchange based in Hong Kong claims that it will be the “world’s largest and most user-friendly platform.”

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