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To continue this we (Seritag) have actually tried to create an NFC tag using conduction thread and it was not possible.
It was however possible to use conduction thread to create a tamper loop of the type used in NTAG213TT and NTAG424TT chips. Realistically though it was very delicate and would be extremely difficult - if not impossible - to make in any large scale production.
Seritag - 12 Jan 2023