No More Lies...Tokenize! Blockchain, Crypto & NFTs, Part 2

What is Tokenomics?

Tokenomics and Tokenization is basically using digital assets, in the form of Cryptocurrency tokens, Crypto coins or NFTs to assign rights to a property, entity, or even a process. With all the talk that we hear about Web 3.0 the most important thing to remember is that Web 3.0 tokenizes everything. The future looks like this: every song, every poem, every article, every video, and every picture will have a token attached to it.

This means we can buy and sell the rights to something, or equity in an enterprise by trading tokens. Trading can take place face-to-face, or on an exchange. This is nothing new. People have been buying art, manuscripts, and music from people for years. Coffee is traded on exchanges using symbols. Traders don’t actually log into the computer and get handed a ton of coffee...they get a digital signature that says where the coffee is, and that they, in fact, own it. America has gotten used to buying stocks and bonds online. How does a person buying Amazon stock on say, Fidelity, know she actually owns the stock? The owner sees a computer screen or a phone app with some letters and numbers on it. So the buyer is giving Fidelity his trust.

Technology that automates buying and selling has been available to professionals for years. But now, however, everyone can use it. Technology is what makes it happen on an exchange. So in Crypto, digital Tokenization is the wheel.