What are Crypto Tokens and their Types?

The process of replacing valuable data with tokens is known as Tokenization. The Token is a cryptographic sequence of characters that has virtually no value on their own- they are only useful because they represent something valuable (either physical or virtual). Tokens have many types according to their purposes, such as Non-Fungible Tokens (NFTs), Security Tokens, DeFi tokens, Stable Tokens, etc. You can also create your crypto token easily with LBM Blockchain Solutions, We provide the best-in-class Token Development Services in India. Contact the official website and get in touch with us.