Token

The Word of the Month is created by Gymglish, online language courses. If you like our style, try them for free.

Cartoon by Gymglish

Definition

A token: substitute for coins, used as a form of payment.

Non-Fungible Token (NFT): A database record representing a digital asset, like a photo. Can be traded via blockchain like cryptocurrencies.

Don’t confuse with:
A toke: a single puff of marijuana.
You might need one to understand NFTs.

Tokens in the news

This month, Sotheby’s sold $17 million worth of NFTs representing digital artwork by anonymous artist Pak.

Meanwhile, thousands of confused crypto enthusiasts are now millionaires thanks to Bitcoin and other digital tokens.

Another toke?

Two sides of the same token

Cryptocurrency is

+ indecipherable
+ decentralised
+ a middle finger to banks

- indecipherable
- unavailable as payment
- a middle finger to the environment

One last toke for the road?
Cartoon by Gymglish

Definition

A token: substitute for coins, used as a form of payment.

Non-Fungible Token (NFT): A database record representing a digital asset, like a photo. Can be traded via blockchain like cryptocurrencies.

Don’t confuse with:
A toke: a single puff of marijuana.
You might need one to understand NFTs.

Tokens in the news

This month, Sotheby’s sold $17 million worth of NFTs representing digital artwork by anonymous artist Pak.

Meanwhile, thousands of confused crypto enthusiasts are now millionaires thanks to Bitcoin and other digital tokens.

Another toke?

Two sides of the same token

Cryptocurrency is

+ indecipherable
+ decentralised
+ a middle finger to banks

- indecipherable
- unavailable as payment
- a middle finger to the environment

One last toke for the road?

If you like our style, try our courses for free.

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The Word of the Month is created by Gymglish, in partnership with LeMonde.fr