IOHK shared a new post on Twitter, addressing a new blog entry that has been uploaded – it’s about native tokens on Cardano, and you can check it out below.
NEW BLOG: Truly native: #Cardano's novel approach to tokenization enables custom assets on the blockchain without the need for ERC-20-type smart contracts. With deployment of a new pre-production token environment imminent, here's a closer look: https://t.co/C6uGDeUvGV @Cardano
— Input Output (@InputOutputHK) December 8, 2020
The original blog post notes that “Tokenization can be used to create financial products and economic models. Examples can be envisaged in fields as diverse as collectibles, alternative investments, gift cards, sports betting, in-game assets, commodities, and much more.”
They also wrote that “This has the potential to connect real-world goods, services, and activities to the digital space.”
Native tokens on Cardano
In the blog post, you can also find news about native tokens on Cardano, about the reasons for which native tokens are necessary on Cardano and more.
The post concludes by saying “Native tokens on Cardano have advantages over ERC-20 and ERC-721 tokens, in terms of security and affordability.”
We suggest that you check out the complete notes in order to learn all the details.
Cardano in the news
In other recent news, IOHK dropped some important new details about project Catalyst.
This is their experiment in the Cardano community innovation, and the team behind the project dropped a new thread on Twitter filled with juicy details.
2. Come up with an idea. Get community feedback. Improve it. Then the community votes on its favorite ideas, via a world-first blockchain-based system. And the best ideas get the funds to get built. That's #ProjectCatalyst.
— Input Output (@InputOutputHK) December 7, 2020
We suggest that you check out the complete thread posted by IOHK because it’s filled with really exciting info.