Safeguarding Consumer Rights in the Metaverse - Hannah Glass - Step into the Metaverse Podcast: EP04

Tokenization itself doesn't change the nature of the assets. Tokenization changes again the record of ownership. If we look beyond NFTs to tokenization as a concept more broadly, again it's the same thing. We're simply talking about changing the record of ownership of this particular asset from perhaps a paper record into something which is digital. It just so happens that the digital record is held in the distributed ledger. And the best example of this is if you think about a record of ownership of shares. We rarely have a physical record of ownership. You may be able to print it out. You probably can print out and provide that record to someone else but most likely it may for a small company be held in an Excel spreadsheet. It could be on a SQL Server database. It could be held by a corporate registration company who actually operates and manages that on behalf of a large corporation or or indeed it may even be held in an exchange. Everything except for that physical paper copy is electronic.