Crypto spoke to Victor Zhang, founding father of Sensible Token Labs and TokenScript, about the way forward for tokenization and the way it can infiltrate the world of web2. Zhang believes the way forward for web3 is for each web site or software to be constructed into its personal token. Every token will work together with different protocols or wallets to symbolize digital possession throughout a number of functions.
The way forward for tokenization shouldn’t be restricted to paintings or rights administration, in line with Zhang, sensible tokens will symbolize possession of bodily objects, providers, internet IDs, occasion attendance, and private identification. The possession will happen on the person facet, equally to the idea of web5, however is not going to be restricted to the Bitcoin community.
This 31-minute interview goes into element as to how sensible tokens can provide a substitute for web5.