Ownership Token

Definition ∞ An Ownership Token is a digital asset that represents verifiable proof of ownership over a specific item, asset, or share. These tokens, often non-fungible tokens (NFTs), are recorded on a blockchain, providing an immutable and transparent record of proprietorship. They enable fractional ownership and digital scarcity.
Context ∞ Ownership Tokens are frequently highlighted in news concerning digital collectibles, art, and real-world asset tokenization. Their ability to provide verifiable, immutable proof of ownership on a blockchain is transforming various industries, creating new markets and legal considerations for digital property rights.