NFTs are versatile rights management instruments that can be designed to grant token holders an array of different rights or levels of control over the property rights associated with a unique asset, and their derived rights.

Infrastructure tokens are purpose-driven and have a very clear role in a public blockchain network or another layer of a blockchain protocol stack, namely to incentivize the collectively maintained network and to keep it safe from attacks. Infrastructure tokens are the internal currency of the protocol’s ecosystem.

Reserve requirements:

The tokenization of SME shares could potentially add more liquidity and new opportunities for entrepreneurs and investors alike. This could create a more P2P form of microfinancing that does not need the intermediary services of international organizations such as the International Monetary Fund or the World Bank. However, opening up global markets

The most important design choices in the engineering process of protocol tokens and application tokens are related to questions of security, scalability, level of decentralization and privacy of the blockchain infrastructure they chose to use.

Cyber-physical systems

Expiry date or expiry event: Tokens can either be designed to never expire, or to have an expiry date or expiry event. An example of tokens that usually come with an expiry date are bonus points of loyalty programs.

Bank run:

Recognizability