What is an NFT and why do they matter? NFT is a term that has been appearing all over social media and the news in the last few months. An NFT is a Non-fungible token, stored on a blockchain, which is essentially a digital ledger. NFTs function similarly to a cryptocurrency like Ethereum or Bitcoin. The major difference between interchangeable tokens like Ethereum and an NFT is that each NFT is uniquely different, hence the word non-fungible. An NFT can be a digital picture, song, file, and much more. Ownership of an NFT does not confer copyright or the ability to use legal action. Instead, it is more of a…
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You probably can't afford a co-op with a Central Park view, but with security tokens, one day you may be able to buy a piece of them all (Photo: Leonhard Niederwimmer/Pixabay)Security tokens unlock the hidden potential of alternative assets
It’s not just that small investors could buy into real estate. With security tokens they could invest in every Central Park-facing New York co-op above the seventh floor
For technology to be a true game-changer, it must focus on making something possible that was previously not possible. Most financial assets could benefit from blockchain technology by way of faster processing times and lower transaction costs versus more traditional methods. However, looking at things through this narrow, cost-benefit lens is limiting investors from unlocking the full potential of tokenization, especially when it comes to things like alternative assets.