How well do you know the different Blockchain and Web3 token types? Check out this framework and let me know what you think…
Tokens are a lot more than just fungible or non-fungible.
And importantly, there’s a lot more to the application of tokenisation than most people realise.
‘NFT’ has become a common reference, but has limited peoples’ understanding of what’s possible with Blockchain to the ‘killer app’ being static art JPEGs that people buy for speculative purposes.
There’s a lot more to Web3 that that…
This framework outlines some important design features of tokens, such as:
– Technical layer
– Underlying value
– Utility, and
– Legal status
From which we can create cryptocurrencies, tokenised assets, stablecoins, exchange tokens, oracle tokens and much more…
What’s your take on this framework? Any considerations or token types missing? 🚀🌔