By Welcome back, fellow crypto-curious minds! You know, when I first started dipping my toes into the wild, wonderful, and sometimes utterly bewildering world of cryptocurrency, I felt like I was trying to read a textbook written in an alien language. Bitcoin, Ethereum, DeFi, NFTs… It’s a lot!
But one term that popped up often, and initially just left me scratching my head, was “Utility Token.” Sounds important, right? Does it give me superpowers? Does it clean my house? (Spoiler: no, definitely not).
So, as your friendly neighborhood amateur blogger who’s just a few steps ahead of you on this learning journey, I figured we could break down what a utility token is in plain, simple English. No fancy jargon, just real talk.
What are Utility Tokens? A Simple Introduction.
When I first came across the term utility token, my initial thought was that they were similar to items collected in video games to get special access.
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