April 29, 2025 Crypto Update
Crypto Update
Tokenization backed by assets or backed by projects
There are more cryptocurrency products, tokens, tools, and features being developed and available at an increasing rate.
Some of the newer tokens are being promoted as being backed buy an asset such as gold, real estate, etc. This means more responsibility for the token developer, and usually means better value and real world material value.
There are some news reports of token developers who didn’t properly back the token or account for the correct token to asset balance.
Therefore, if the developer gave a promise of ownership of an amount of gold etc.. for each token,.. then there should be proper accounting, storage, and access for the token asset product.
Note: some tokens don’t have assets, or aren’t backed by assets.
There are some tokens that are backed by a project, or a product, etc.
There are also tokens that are for trading, sharing, and fun.