Tokenization is a technology that is gaining traction in the digital space, with the World Economic Forum estimating that 10% of global GDP will be tied to blockchain by 2025. Non-fungible tokens (NFTs) are one-of-a-kind digital tokens that are connected to a blockchain or other distributed ledger technology (DTL).
NFTs are being used to create and generate value, and are being applied to various industries, such as real estate, art, music, video, and supply chains. Companies are using NFTs to represent and verify personal identity, donations, and educational certificates and credentials. Tokenization is here to stay and is expected to become an essential part of the digital economy in the coming years.
Source: Fobes