The process of creating a digital token on a blockchain is known as tokenization.
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With fits and starts, we’re making our way toward the next phase of the internet. According to some, Web3 holds the promise of a new, decentralized internet that is run by users via blockchains as opposed to companies with an eye toward profit. However, it hasn’t been smooth sailing. A significant obstacle was the 2022 cryptocurrency market crash, which was brought on by a number of cryptocurrency failures and well-publicized fraud cases. The public’s interest in Web3 players is growing, and regulators are paying more attention to them.