Cardano’s Approach To Tokenization Is Unique

Cardano addresses the tokenization issue and shared interesting posts about it on their Twitter account.

Check out one recent post that the team behind IOHK noted.

IOHK also posted this mesage: “Calling all developers: if want to start minting in our pre-production environment, head over on the #Cardano developer site for the links you need. We welcome your questions and feedback via the Github and forum links you’ll find there.”

The official post noted the following: “The Cardano ledger will handle tokenized assets natively – there’s no need for any custom code. In the first of a two-part post, we’ll look at Cardano’s approach to tokenization through native tokens, why native assets are necessary, and their advantages over ERC-20 and ERC-721 tokens.”

We suggest that you check out the complete original post in order to learn all the available details about the subject.

DeFi is on its way to Cardano

Just recently, it’s been also revealed that the booming DeFi could be on its way to Cardano, and the news was received with massive enthusiasm.

IOHK’s Project Catalyst just named Liqwid as a potential candidate that would get up to $250k in ADA funding.

Cointelegraph just revealed that IOHK named a DeFi lending protocol as one of the Project Catalyst ideas.

Stay tuned for more Cardano-related news.

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