Weed in the Web3 Metaverse – What is Cannabis Tokenization, Anyway?

Tokenization, also known as fractionation, is the process of dismantling the ownership and control of a cannabis asset into little pieces of tokens. These smaller tokens are sold, bought, held, exchanged, and traded on recognized platforms. Tokenization has always been a concept before the internet, before the mainstream. In traditional financial bodies, it was known as “stocks,” sometimes the contractual rights of a corporation. The advent of Web3 in recent months has made the term a go-to word in the crypto space. In some months, other new terminologies will be communicated across the space to explain the distributed ledger technology on which Web 3 is built.