A new decentralized token platform strives to provide every person with access to the world of tokenization.
A crypto token is an asset based on the blockchain of another asset, which is called a coin. Part of the definition of tokens is that they do not run on their own blockchains — a key distinction in clearing up the token vs. coin confusion.
Projects often build solutions on existing networks, such as Ethereum. Ethereum has a coin, called Ether (ETH), running on its blockchain. The majority of the tokens built on the Ethereum blockchain are ERC-20 tokens, or ERC-721 tokens if they are nonfungible tokens, or NFTs.
Each project typically employs its own token, meaning that the token runs on the blockchain on which the project was built. An entity can create a cryptocurrency token for a number of reasons, including use within a broader ecosystem. ICO tokens were popular during the initial coin offering boom of 2017.
Zabu confirmed that the attacker successfully pulled out 4.5 billion tokens in Zabu Farm Contract and stole around $600K.8420
Nasdaq, alongside Finnhub and Tiingo, will be providing its price feeds to DeFiChain, a DeFi platform built on the Bitcoin network.13900
Bitfinex’s new security token platform will provide exposure to blockchain-based equities, bonds and investment funds.3424
The NFL has reportedly restricted cryptocurrency and NFTs until the league establishes a strategy “for sports digital trading cards and art.”10832
The chair of the United Kingdom’s Financial Conduct Authority has warned that over-extending the reach of regulators could backfire in the case of some cryptocurrency tokens.6458
As the largest banking and financial institution in Russia and one of the world’s biggest public companies, Sber’s move into digital assets is a significant one.4166
ICPunks clown-based collectibles are seemingly inspired by musical duo Insane Clown Posse and the early NFT project, CryptoPunks.100825
Since inception, the project has raised a cumulative $31 million from investors, which include some of blockchain’s biggest venture funds.7257
Blockchain offers great efficiency — and this is the main reason it will be increasingly prevalent over the next decade.13921
Branded stablecoins will revolutionize reward points in the same way nonfungible tokens are revolutionizing ownership.6934
The upcoming blockchain-based music investment platform is open to using different blockchain technologies.6634
Blockchain technology and nonfungible tokens are transforming the way that intellectual property is licensed and sold.3339
Microsoft’s new device is designed to allow developers to write code for managing tokens in a manner that is blockchain agnostic.8723
InCore Bank has also announced the upcoming launch of Tezos custody, staking and trading services targeting financial institutions.8103