MAS Unveils 5 Pioneering Pilots in Asset Tokenization
The Monetary Authority of Singapore (MAS) has unveiled 5 pilots
We developed three upgradeable smart contracts
i) Minting – to mint assets
ii) Marketplace (Auction) – Users can list their assets for auction
iii) Treasury- A panel using which an admin can collect funds and manage access control
NFT stands for a non-fungible token, where non-fungible is an economic term which means they are not interchangeable units of data stored on a digital ledger.
NFTs are the tokens that we can use to represent ownership of unique items. They are the piece of data stored on the blockchain and tokenize things like art, collectibles, and even real estate. They are secured by the Ethereum blockchain and can only have one official owner at a time.
The Monetary Authority of Singapore (MAS) has unveiled 5 pilots
Explore this comprehensive list of the top 5 smart contract
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