Are all cryptocurrencies and tokens created out of thin air, or are there some backed by real assets?

Most of the crypto coins/tokens are created out of ‘thin air’.

However some of these coin/tokens are connected to something tangible and some are not connected to anything tangible.

Examples of tangible coin/tokens are - NFTs (for ex. images), and security tokens (for ex. equity in a company).

Examples of nothing tangible are - meme coins (like shiba-inu), DeFi tokens (interest paying), and even Bitcoin itself…

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