Do you see an opportunity to use NFT for this? 👇 IMO another real-life example where NFTs can have practical utility.

The "Digital Product Passport" (DPP) is an upcoming initiative under the European Union's new Ecodesign for Sustainable Products Regulation (ESPR), which is set to be a significant part of the EU's strategy for increasing product sustainability and transparency. This initiative, expected to roll out from 2024, is designed to support the EU's broader goals of fostering a circular economy and improving the environmental impact of products sold within the EU.

The DPP will serve as a digital record for products, containing detailed information about their entire lifecycle—from raw material sourcing to production, distribution, and disposal. This passport will ensure that key data about the product's sustainability, including its carbon footprint, material composition, and recyclability, is accessible through digital means, typically linked via QR codes or other unique digital identifiers.