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The Essential Guide to Web3

You're reading from   The Essential Guide to Web3 Develop, deploy, and manage distributed applications on the Ethereum network

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Product type Paperback
Published in Nov 2023
Publisher Packt
ISBN-13 9781801813471
Length 366 pages
Edition 1st Edition
Concepts
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Author (1):
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Vijay Krishnan Vijay Krishnan
Author Profile Icon Vijay Krishnan
Vijay Krishnan
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Table of Contents (25) Chapters Close

Preface 1. Part 1 – Introduction to Web3 FREE CHAPTER
2. Chapter 1: Fundamentals of Blockchain and Web3 3. Chapter 2: Getting Started With Ethereum 4. Chapter 3: Your First Ethereum Transaction 5. Part 2 – All about Smart Contracts
6. Chapter 4: Introduction to Smart Contracts 7. Chapter 5: Creating and Deploying Your First Smart Contract 8. Chapter 6: Smart Contract Security and Access Controls 9. Part 3 – Writing Your DApps for Web3
10. Chapter 7: Developer Tools and Libraries for Web3 Development 11. Chapter 8: Writing and Testing Your First dApp on Web3 12. Part 4 – Fungible Tokens
13. Chapter 9: Introduction to Tokenization 14. Chapter 10: Creating Your First Token 15. Part 5 – Non-Fungible Tokens
16. Chapter 11: Non-Fungible Token Standards 17. Chapter 12: Creating Your First Non-Fungible Token 18. Part 6 – Web3 Advanced Topics
19. Chapter 13: Understanding Oracles 20. Chapter 14: Zero-Knowledge Proofs and Zero-Knowledge EVMs 21. Chapter 15: L2 Networks and Rollups 22. Chapter 16: Decentralized Autonomous Organizations – Overview 23. Index 24. Other Books You May Enjoy

Introduction to Tokenization

A token represents the ownership of something. A majority of blockchain use cases start with a token. Fungible tokens are all identical and cannot be distinguished from each other; currencies are an example of fungible tokens. Non-fungible tokens (NFTs) are all unique. They’re adapted to represent legal documents, luxury goods, pieces of art, and so on, whereas hybrid tokens are a mix of both as they introduce token classes. A class can be tranches of a pool of securities, a container on a ship, and so on. Adopting a modular strategy provides the necessary adaptability to meet the needs of both conventional stakeholders and crypto-oriented audiences, thereby facilitating the merging of decentralized finance (DeFi) and centralized finance (CeFi) into a tangible reality.

In this chapter, we will discuss the possibilities of creating a real-world asset with tokens, creating new business models with tokens, and looking at examples of digital assets...

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