CryptoSlate spoke to Victor Zhang, founding father of Smart Token Labs and TokenScript, about the way in which ahead for tokenization and the way in which it could possibly infiltrate the world of web2. Zhang believes the way in which ahead for web3 is for every website or utility to be constructed into its private token. Each token will work along with completely different protocols or wallets to symbolize digital possession all through quite a lot of capabilities.

The manner ahead for tokenization is not restricted to artwork work or rights administration, in accordance to Zhang, smart tokens will symbolize possession of bodily devices, corporations, web IDs, event attendance, and personal identification. The possession will occur on the particular person side, equally to the thought of web5, nonetheless will not be restricted to the Bitcoin neighborhood.

This 31-minute interview goes into ingredient as to how smart tokens can provide an alternative to web5.

 

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