Thousands of certificates proving the authenticity of roughly $275 million worth of psychedelic mushrooms, hemp and kratom have been minted as NFTs, according to a statement.

Using the Avalanche blockchain, goods certification startup Blockticity said it has minted NFTs designed to certify the authenticity of products tested by ACS Laboratory, the companies said in a statement. ACS Laboratory is the largest hemp and cannabis lab in the eastern U.S., it also said.

Kratom has been considered an herbal medicine that some claim to possess opioid-like properties.

So far, ACS Laboratory and Blockticity have minted a total of nearly 37,000 non-fungible tokens which each act as a Certificate of Analysis, or COA, for the products, the companies announced. The plan is to mint another 120,000 …