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German brands embrace NFTs, exploring new ways to engage with customers and build brand loyalty. For the most part, nonfungible tokens (NFTs) have two primary use cases: Buying and selling digital products (digital art, virtual fashion items) and building digital communities (exclusive memberships, access to events).  These use cases can be easily adopted by brands and companies, such as fashion brands selling digital clothes, various companies offering NFT-based club memberships and musicians holding exclusive concerts for their fans. Traditional German companies are also jumping on the bandwagon, recognizing the potential of NFT technology to innovate and market their products and services. Deutsche Post combines NFTs and AI Deutsche Post, the German postal service, will release its first limited-edition collectible stamp on Nov. 2, 2023. A classic self-adhesive stamp will come with a digital image — an NFT representing ownership of the stamp. The first stamp Features a pixellated ...

The BRICS summit ended on a positive note in August, as the alliance took a historic step to induct six new countries into the bloc. Saudi Arabia, the UAE, Argentina, Iran, Egypt, and Ethiopia are now part of the BRICS group. The alliance turned into an 11-member country, and the development has ruffled a lot of feathers in the Western world. The US, Germany, and the European Union are closely watching the BRICS expansion as it threatens the traditional financial order. Also Read: BRICS : Bank of America Predicts Future of the US Economy BRICS is advancing at a rapid pace in its de-dollarization efforts by cutting ties with the US dollar. The new members have begun settling trade in local currencies by ending dependency on the dollar. India, China, Russia, and the UAE have started using their respective local currencies, reducing their reliance on the greenback. BRICS Expansion: US, Germany & the European Union React Source: csis.org / Martin Bertrand / Adobe Stock West...