Waves is a decentralized exchange, and development platform that aims to make it easier to create, store, trade, and manage blockchain tokens. It has an intuitive interface that allows users to create tokens with very limited coding knowledge. These tokens can be used as a digital representation for any asset or commodity, or as a utility token for a network. Waves' easy to use platform has the potential to accelerate blockchain adoption and make tokenization more accessible. The platform is fueled by the WAVES native token. The network has a Proof-of-Stake (PoS) consensus mechanism.

Noku is developing a tokenization platform for Ethereum. Their goal is to create an all-in-one ecosystem that will make it easier for users to create their own tokens and launch their own blockchain projects. The Noku network is powered by the Ethereum-based NOKU token.