obyte

This story was originally published on HackerNoon at: https://hackernoon.com/tokenization-for-assets-and-products-features-costs-and-use-cases.
Tokenization could be defined as the act of transforming an asset or its ownership rights into tokens inside a crypto network. Let's learn how this works.
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In a broader sense, we can categorize tokenization as tangible and intangible, considering the assets involved. So, these assets can be tangible, including gold or real estate, or intangible, encompassing voting rights or content licensing. Essentially, tokenization extends to virtually anything considered valuable, ownable, and incorporable into a broader asset market.