Do you remember the NFT craze?

It was not so long ago when all people were obsessed with million-dollar JPEGs and other such digital artifacts.

These days are over, but I do not think that the whole concept behind NFTs was useless.

What really interested me there was the idea of ownership.

I believe that it is the concept of tokenized real-world assets that may come into play here and be extremely interesting.

Imagine owning fractions of a government bond, real estate, a fund, or any other real-life asset using the blockchain technology.

By doing this, people will not have to purchase expensive assets but will have the chance to possess some shares of them.

This is a completely different situation compared to owning cartoon monkeys.

Frankly speaking, I think that this is exactly why I am more interested in tokenization than the NFT craze ever was.

NFTs have shown the world the possibility of digital ownership, while tokenization may take this concept and apply it to assets with intrinsic value.

Also, I find it really interesting how tokenization may attract users even though most of them will not care whether the asset runs on blockchain or not.

Their concerns may be connected to the cost of the asset, its accessibility, convenience of usage, and other factors.

If blockchain can improve them silently, the people may use tokenized assets without having to embrace the crypto ideology.

From my point of view, this may be the right way to gain popularity, instead of forcing people to invest in tokens once again.

However, the idea of tokenization does not seem to be magical either.

There are many legal issues, regulations, the problem of custody, and technical issues to solve.

Tokenizing the asset on blockchain does not mean that it will acquire value.

But, from my perspective, the concept looks reasonable.

The main question that NFTs asked was the following:

"Can the digital item be the proof of the ownership?"

Tokenization asks something completely different:

"Can blockchain change the concept of the ownership of real-life items?"