Dear readers, I am reading up on books related to cryptocurrency.
I understand that many still have some reservations on bitcoin and cryptocurrencies but like it or not, Blockchain, as the underpinning technology for bitcoin and other Altcoins is a very valuable technology that is likely to sustain.
The concept of tokenization, which I have read is cool to me! Imagine everything in the world being tokenized (think of the items being broken down into atoms, and you get the concept of tokenization) .Imagine being able to sell each token to others like shares via Blockchain and you and other token holders may even profit when value of each token increases.
For example, you tokenize your painting into 1,000 tokens. Each token is sold to others at $10 per token and you hold say 100 such tokens. The value of the painting is hence $10,000. Through efforts like marketing, the value of the painting increases to $100,000 and the value of your token holdings hence is multiplied 10 times from $1,000 to $10,000!
With tokenization, it is not just shares of companies that an investor can invest in. Practically everything in the world, physical or conceptual can be tokenized and everyone tokenizing the items can be conceptually akin to a listed company, offering tokenship (similar to shareholdings) to other token holders.