How Tokenization Is Moving Beyond Art Collectibles To Real-Life Applications
Blockchain is a buzzword in the digital space that hasn’t stopped popping up. This technology is portrayed as a panacea for almost any transparency issue you can imagine. In fact, the World Economic Forum estimates that by 2025, 10% of the global GDP will be tied to blockchain. Industry figures such as BlackRock CEO Larry Fink commented at the DealBook Summit 2022 that tokenization is the future of markets and securities and that trust between sellers and buyers can change the ecosystem forever. This makes sense as more and more applications are emerging, opening the door to new investments and the adaptation of big brands to this trend.
The term non-fungible token (NFT) has also gained popularity over the last couple of years. It refers specifically to a one-of-a-kind digital token, which is also connected to a blockchain or other distributed ledger technology (DTL). It cannot be substituted and is verifiable, indivisible, transferable, and valuable, as it represents something unique and intrinsically linked to the property it patents, eliminating at the root the problem of authenticity and registering the ownership of a mostly digital asset with a unique code.
Today, we live in a data-driven world, and tokenization allows the creation of unique resources that cannot be destroyed or replicated. This grants complete traceability throughout the supply chain because the assets’ immutable history further supports their authenticity and origin. And now that we are here, blockchain technology has the potential to revolutionize many industries.
Physical And Digital Rewards Applications
There are also B2B solutions that enable customers to acquire tokens or NFTs of their collections. With these, access is enabled to utilities that can be both in the digital world (e.g., sections within the web, downloadable content, direct connections with celebrities) as well as in the physical world (e.g., privileges for access to events, galas, conferences, or properties). They have an intrinsic value associated with art but with real-world applications.
What’s Ahead For Tokenization?
The real-world applications of NFTs demonstrate their versatility and potential to revolutionize industries making a meaningful impact on society. As the digital economy evolves, these assets are expected to become an essential part of it in the coming years. Tokenization is a reality that is here to stay; it will play a crucial role in the development and consolidation of the transactional ecosystem of the future. We are only scratching the surface. It is an exciting time to be a part of this industry, and we look forward to seeing what the future holds.
Source: https://bit.ly/3YAf35d
Why Tokenized Global Crowdfunding?
The tokenization of equity shares makes it possible for anyone, anywhere, to invest any amount they choose. This unlocks a massive, global pool of investors. So entrepreneurs can access more capital, more easily and more quickly. And everyday investors can access investment opportunities across borders, building a diverse portfolio in the process.
The use of blockchain technology offers investors and entrepreneurs an unprecedented level of transparency and security. And the Dacxi Chain’s embedded due diligence process offers investors validation in the growth potential of the company they invest in. So they can make smarter, better-informed investment decisions.
Learn more at: https://dacxichain.com/
