A Token Improvement — the Rise of Non-fungible Tokens
Blockchain has been the foundation for many new applications, including the latest novelty of tokenizations.
If you are unfamiliar with tokenization, it is essentially the act of creating a representation that cannot be duplicated, freeing up trades and transactions that would otherwise be much more problematic.
The concept of tokenization is hardly new. Around 4000 BC pieces of stone in different shapes were used to tokenize different amounts of cereal, or hours of work done.