Tokenization

You have probably heard of the term digital assets. In Ethereum, tokenization is a simple way to create digital assets. Your tokens are a kind of digital asset. In simple terms, making traditional assets such as money, real estate, and creative work into digital tokens on the web is how you turn them into digital assets in the Web3 world. It involves creating a business model around these tokens to use them in the digital economy. Theoretically, you can tokenize anything that has a physical or virtual form in this world.

Tokenization refers to the process of digitally representing ownership of physical or non-physical assets on a blockchain network. Ethereum, with its versatile and robust platform for creating smart contracts, has emerged as a popular choice for asset tokenization.

Tokenization is the process of converting rights to an asset into a digital token on a blockchain. For example, valuable commodities such as real estate, artwork, precious metals, or company...