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I show You how To Make Huge Profits In A Short Time With Cryptos!
Home NFT Art

Web3 and NFT free Artists to tokenise their work and make money

July 12, 2022
in Art, Digital Art
Earth

Tokenization will facilitate the creation of digital assets which can have shared ownership and be easily transferred to other people.

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The Nasdaq exchange, which is often referred to as the “technology exchange”, has just published an article on the benefits of tokenization and its unstoppable adoption in the web, economy and capital markets. 

We are in the midst of a shift away from a centralized Web 2.0, which is controlled by corporations and only gives users read and write permissions, to a decentralized shared and networked Web 3.0, where users can additionally become owners of digital assets, their data and their content. This is made possible by the interplay of various new technologies such as artificial intelligence, machine learning and of course blockchain. 

The theory is that within Web 3.0, each asset will first be tokenized, i.e., digitally mapped and represented in distributed ledgers, so that these assets can be instantly divided, shared and transferred worldwide without any intermediary involvement. Tokenization will make it possible to map large parts of society, the economy and finance in distributed ledgers, creating transparency and guaranteeing authenticity. 

Tokens can be used in a wide variety of fields and in a wide variety of forms. Through NFT (non-fungible tokens), ownership rights can be attributed to digital assets; through Stablecoins, which are linked to a stable reserve value, foreign transactions can be settled instantly; and through security tokens, traditional financial instruments such as stocks and bonds can be digitally mapped, thereby, improving inclusivity and liquidity in traditional capital markets, increasing transparency and market participation, and eliminating settlement risks.

We are still in the very early stages of these evolutions and building a token economy requires an ecosystem of exchanges, wallet providers, custodians, standardization bodies, auditors, and insurance agencies interconnected to meet the diverse needs of market participants.

Nevertheless, these developments provide a strong foundation for the token economy to continue to evolve in 2022 and beyond. Many sectors and industries will integrate tokens into their business models and use them to guarantee trust, unlock value from conventionally illiquid assets, and usher in a new era of financial inclusion.

The tokenization of the world has just begun.

Read our book review about creating your own NFTs

Via

Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party, and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high-risk, with high-risk and unproven projects.

Readers should do their own research and consult a professional financial advisor before making any investment decisions.

Tags: NASDAQWEB3

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