Tokenization creates a new world in the blockchain
#Tokenization: An unfinished vision or boring cryptogarbage
Tokenization describes a concept of digitalizing real world assets or imaginatory worlds (meraverse) with the hope and purpose to transfer certain rights into this digital twins. The tokenization industry is still in an experimental stage and suffers under a plentafora of scams, bad actors, misconceptions and misunderstandings. Any investment is highly speculative and a total loss of the investment is a realistic opportunity.
The link and connection between digital twin and its real world counterpart is not backed by any "blockchain legislation". Since the number of digital twins is not limited by the physical reality, the legal implementation of blockchain technology in business and industry faces unforeseeable obstacles. As a consequence of modern artificial intelligence development, tokenization lost focus and significance for future ventures. The time for tokenization might be over before it seriously had started.
In a idealized brave new world, tokens would provide ownership of tokenized real-world assets as digital twins. NFTs would include rights of use and intellectual property. Smart contracts would be legally binding agreements. But the reality is different, and those who intentionally create fake impressions are trying to market their crypto garbage as treasure. Technical innovations such as cryptography, blockchain technology, and tokenization quickly find free riders. These are not the competitors who want to implement such products better or cheaper, but the bad actors who try to exploit and abuse the glossy hype around such innovations by their trash-in-trash-out concepts.
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