The project started from almost scratch, with the initial idea focusing on assisting everyone in issuing unique tokens. However, through discussions at various events and muBuenos, the concept evolved into tokenization of everyday goods. Learning about PINTA token, an Argentinian project, has had a big influence on ideation.

Since then, the idea has solidified towards potentially writing a unique ERC standard specifically for tokenization of goods in order to increase the probability of project success. While  past discussions were held in person and online in closed forms, the project is now ready to be publicly shared.

This tokenization project serves as a pilot program for a larger project about decentralized token management platform. A whitepaper for this overarching project is currently in preparation and has been in progress over the past few weeks. The plan is to decentralize the management of tokenization for everyday goods once the decentralized token management platform is ready. This will enable a wider range of ideas to be realized by customizing previous examples, such as PINTA token and this tokenization project.