Token

A token is a digital unit of value recorded on a blockchain. It can serve various purposes—acting as a means of payment, representing ownership of assets (such as real estate or artwork), or granting access to services and applications. Unlike cryptocurrencies, which typically function as a general medium of exchange, tokens often have specific uses within particular projects.

There are different types of tokens, including utility tokens, which provide access to services, and security tokens, which function similarly to company shares. Another popular category is NFTs (non-fungible tokens), which are unique and indivisible, often used to represent digital collectibles.