Token Generation Event (TGE)
The term “token economy” describes the economics of tokenized commodities and services. These economies can now function independently of intermediaries and third parties because to blockchain technology. A way to close the physical and digital divide between our increasingly interconnected physical and virtual worlds is provided by blockchain technology and token economies.
Blockchain technology is utilized in a token economy to digitize physical items, prove their ownership, and even sell them. Tokenizing an item that is already digitally stored follows the same rules.