📪Tokenization: The Future-Now Normal

What is Tokenization?

In general terms, a token is a representation of a particular asset or utility. Within the context of Blockchain technology, tokenization is the process of converting something of value into a digital token that's usable on a blockchain application. Tokenization is an important and emerging sector of financial technology (Fintech) and the blockchain industry.

In the Blockchain eco-system, tokens are assets that allow information and value to be transferred, stored, and verified in an efficient and secure manner. These tokens can take many forms, and can be programmed with unique characteristics that expand their use cases. Security tokens, utility tokens, and cryptocurrencies have massive implications for a wide array of sectors in terms of increasing liquidity, improving transaction efficiency, and enhancing transparency and provability to assets.

Practically anything can be tokenized if it is considered an asset that can be owned and has value to someone, and can be incorporated into a larger asset market.

Aza gems are considered assets on Azaland Community because they require work (efforts) to earn and keep, as well as have use cases.