A phygital is the combination of a physical item such as a book or artwork, combined with an NFT
Suppose you have a rare trading card. You can create more value by having an associated NFT which proves ownership of the card. This increase security because the NFT cannot be tampered with.
What a phygital is doing is linking the physical item to the blockchain. This provides transparent and traceable transactions.
It is expected that some of the first industries to create phygital items are the automotive and housing sectors.
Artists are also linking their work to NFTs. This makes it easier for them to sell the artwork and also have royalties from future sales.
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