What is Tokenization Standard?

Tokenization standard refers to the specific technical architecture of a blockchain's protocol, which in turn determines the nature of the tokens that are compatible with the network. In the years since blockchain technology was first introduced, several token standards have gained prominence, with various token standards for both fungible and non-fungible tokens (NFTs). While many blockchains feature tokenization standards, some blockchains only feature their protocol's native coin or cryptocurrency.