Ritzy Protocol: Phygital Marketplace

Ritzy Protocol: Phygital Marketplace

April 19, 2024
2 min read
Table of Contents

🏆 INCREDIBLE NEWS!!! WE WON THE CONFLUX HACKATHON! 🎉

After relentless hard work, the Non-Fungible Cloud team has been crowned the winners of the CONFLUX blockchain hackathon, competing against 500+ participants to develop innovative DeFi solutions!

🚀 Our Project: RITZY PROTOCOL

A couple of weeks ago, @Fernando and I took on this challenge, and after intense effort, we created a game-changing solution that secured us first place!

Ritzy Protocol enhances consumer trust by combating counterfeiting through authenticity verification and supply chain traceability. It allows users to track a product’s journey from its origin to its current state—ensuring full transparency.

🔥 How It Works

By combining NFC technology & blockchain, Ritzy enables consumers to:
Verify product authenticity instantly with a simple tap on their smartphone 📲
✔ Access immutable digital twins for each item, ensuring fraud-proof records
Enhance security and trust in digital transactions

💡 Unlocking New Markets

Ritzy opens up futures trading markets for physical assets, making them liquid and tradable without requiring custody—until the user decides to take possession.

🎬 Watch Our Demo!

Check out the following video for a live demonstration of our web app in action! 🚀

We’re beyond excited about this achievement and can’t wait to see where Ritzy Protocol goes next!