tokenits

Tokenits are a type of digital artifact that has emerged with the rise of blockchain technology and non-fungible tokens (NFTs). While not a standardized term in the same way as "fungible token" or "non-fungible token," "tokenit" is often used informally to describe a small, individual unit or component within a larger digital or physical system that has been tokenized. These systems can range from digital art collections to real-world assets. The concept implies that each "tokenit" represents a discrete, identifiable, and often unique piece of value or ownership.

The creation of tokenits typically involves the process of tokenization, where rights or ownership of an asset are converted into a digital token on a blockchain. Each tokenit would then be one instance of these digital tokens. For example, if a large digital artwork is divided into 1000 distinct sections, and each section is tokenized as a separate NFT, then each of those NFTs could be referred to as a "tokenit." Similarly, if a company fractionalizes ownership of a building into 10,000 shares, each share represented by a token, these individual tokens could be considered tokenits of ownership. The primary characteristic is that they are divisible, verifiable, and transferable digital representations of underlying assets or rights, secured by blockchain technology.