Tokens are digital assets or access right tools that have the ability to facilitate collaboration across markets and jurisdictions. They allow more transparent, efficient, and fair interactions between market participants, at low cost.
- What is the Token Economy? Shermin Voshmgir
O’Reilly Media, Inc. October 2019
In this report, Shermin Voshmgir, director of the Research Institute for Crypto Economics at the Vienna University of Economics, walks you through the different types of tokens, along with their properties and both operational and conceptual use cases.
NFTs = Examples would be real estate tokens, crypto-collectibles, or tokens that represent unique pieces of art. Representing such assets with a token makes the assets more easily tradable and divisible, thus creating more liquidity for some assets that might not have been that easily tradable off-chain. [Still don’t understand the difference between fungible and non-fungible tokens. It seems to have some thing to do with the temporalities of liquidity.][See definition of “liquidity”] [Better terminology offered by Voshmgir is “unique tokens”]
And so for day 3051