What is tokenization in PFP minting process?

Tokenization in the PFP (Profile Picture Project) minting process refers to the conversion of an image or artwork into a unique and indivisible digital asset or token. This process involves assigning a specific value or representation to the image, which can then be bought, sold, or traded on a blockchain platform. By tokenizing PFPs, each artwork becomes distinguishable and verifiable, ensuring its provenance and authenticity. Tokenization also enables artists and creators to retain ownership and control over their work, as well as earn royalties or fees from subsequent transactions. Overall, tokenization adds value, security, and transparency to the PFP minting process.

This mind map was published on 1 August 2023 and has been viewed 65 times.