Cardano Foundation Drops An Introduction To Tokenization
The Cardano Foundation highlights the importance of tokenized assets in the crypto and blockchain circles.
This is the reason for which the team just dropped an introduction to tokenization.
Tokenized assets are popular in #blockchain and #crypto circles. But what is #tokenization and why is it important?
Read 📖 our latest blog post on tokenization, its benefits, and insights into the types of tokenized assets. https://t.co/n3i7zkA8B0#cardano #ada #hodl
— Cardano Foundation (@CardanoStiftung) September 2, 2020
At the beginning of the official blog post, Cardano notes that “Tokenization is often hailed as the ‘killer-app’ that will expedite the mass adoption of blockchain and transform the financial services industry 3. But, for the regular blockchain enthusiast and developer alike, the exact definition of tokenization can be elusive.”
The blog post addresses the definition of tokenization, talks about fungible and non-fungible tokens, types of tokenized assets, the benefits of tokenization and more.
Cardano also addresses the issue of tokenization on Cardano through Goguen and more exciting subjects.
We recommend that you check out the complete blog post in order to learn all the available details.
Cardano discusses running costs
The Cardano community was discussing an important topic on social media.
They addressed the stake pool operators who have a long list of running costs.
Check out the tweet that has been shared a few hours ago.
#Stakepooloperators have a long list of running costs associated with establishing, maintaining, & marketing their #stakepool – such as server running costs, website hosting, and hardware to name a few.#cardano #ada #hodl #crypto pic.twitter.com/hkwAPDgHqQ
— Cardano Community (@Cardano) September 1, 2020
Also, in other news, not too long ago, it’s been revealed that as per the Cardano staking calculator, rewards are currently sitting at an annualized return of about 5.1 percent, which is higher than the 4.6 percent estimate revealed before the Shelley mainnet was launched.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.