The Republic of Palau announced Friday that it will issue identification cards to its digital residents in the form of nonfungible tokens (NFTs) on Binance’s BNB Chain blockchain. Changpeng Zhao, Binance’s CEO and founder Changpeng Zhao (CZ), was present in Palau to unveil the NFTs as well as meet President Surangel Sw. Whipps Jr.

Palau Introduced its Root Name System (RNS), Digital ResidencyProgram in January. Cryptic Labs, a California company, participated in the creation of this program. It provides worldwide citizens with identification cards issued by Palau’s government. Existing physical cards are already in existence.