What is token development and its types?

submitted 5 months ago by jamesright to cryptocurrency

Indeed, tokens have gained popularity in the crypto industry. The ability to convert physical and intangible assets into digital tokens is referred to as token development.

It has even made it possible to divide and trade an indivisible asset like a real asset, too. For instance, a property worth $100K can be easily divided into 100,000 tokens, each representing a value of $1.

The types of assets that can be tokenized are:

• Intangibles: It includes digital items and data such as copyrights, patents, and ownership.
• Fungible assets: This includes assets that can be purchased, sold, or exchanged for something equally valuable.
• Non-fungible assets: This includes assets that can’t be divided or exchanged, such as artwork or real estate.

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