This is a chapter from the Token Economy book series. All subchapters are collapsed under their subchapter headings to make the page more readable. Find copyright information on this text and about the book an the end of the page.
<aside> 🦚 Beyond the use case of currencies, tokens can also be used to create digital certificates for any real or virtual economic asset. While early crypto assets had fungible characteristics, such as tokens that represent currencies or commodities, real-world assets very often have unique properties, and are therefore non-fungible, which is why they are often referred to as non-fungible tokens. The tokenization of assets of the real economy can replace entire back offices of asset management with smart contracts, which can make asset management more efficient and simplify the implementation of fractional ownership. It can also facilitate the attachment of unique properties to previously fungible asset classes, thereby creating new personalized asset classes.
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1.5 Decentralized Finance (DeFi)
<aside> 📖 This is an excerpt from the book “Token Economy: Money, NFTs & DeFi”
RIGHTS Copyleft 2023, Shermin Voshmgir Creative Commons CC-BY-NC-SA
NON-COMMERCIAL USE This license only allows reusers to distribute, remix, adapt, and build upon the material in any medium or format for noncommercial purposes only, so long as attribution is given to the creator. If you remix, adapt, or build upon the material, you must license the modified material under identical terms.
COMMERCIAL USE For commercial use contact: [email protected]
BibTeX @book{title={Token Economy: Money, NFTs & DeFi}, author={Voshmgir, Shermin}, year={2023}, publisher={Token Kitchen} }
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