🙋🏽‍♀️ QUESTION: Hey Dave, “I’ve been hearing about ‘tokenization’, but what exactly is a digital token?” 

A Digital Token can be described as a digital representation of VALUE and OWNERSHIP of an asset — digital or physical, fungible (interchangeable with other units of the same kind), or non-fungible (unique and cannot be exchanged with a like unit). 

It can represent a security, currency, commodity, property, or hybrid of these characteristics.

Advantages of a digital token in a blockchain ecosystem:
✅ an asset is more secure
✅ immutable proof of ownership
✅ elimination of duplication and fraud
✅ transparency to participating parties
✅ transferability of an asset is much faster and requires less 3rd party involvement
✅ much easier to trade, manage and transfer property ownership
✅ much easier to fractionalize ownership
✅ an asset becomes more liquid

So then the process of digitizing an asset is called ‘Tokenization’ or ‘Tokenizing’. 💡

This conversation has many more layers than what I just shared, but this is a good start for you to understand Digital Token terminology, purpose, and benefits.

As always, do your own research before buying any cryptocurrency.

👩‍🎓 Want to learn more about #DAO, #cryptotokens, #blockchain, #decentralizedfinance, #Bitcoin, #Eth, #DeFi, #NFTs, and other blockchain technologies and how to gain exposure?…

📲 Please message me right here to schedule a Blockchain and Cryptocurrency Learning Session with me… 

…This is a great way for newbies to become familiar with blockchain and crypto technologies and more experienced users to take their crypto knowledge up a level or two.

Your #Crypto and #Blockchain Teacher, Coach, and Guide,
Dave Rebro 

#blockchain#crypto#bitcoin#btc#defi#ethereum#stablecoins#tokenization

About Dave: Dave is dedicated to helping professionals and businesses to become knowledgeable with blockchain and crypto technologies and more experienced users to take their crypto knowledge up to the next level and more.