Tokenized Real-World Assets In A Web3 World: Bridging The Physical And Digital Economies
The Mechanics of Tokenization To have an appreciation of how tokenized RWAs operate in practice, one would first need to possess a savvy understanding of the underlying blockchain technology. A token, as an ERC-20 or ERC-721 (for non-fungible) standard, is created on a blockchain network such as Ethereum, Solana, or Polygon. Smart contracts govern the…