ConsenSys is set to tokenize smart contract and security auditing services through the upcoming auction of eight “timeboxed” TURN tokens.

The company developed TURN through its ConsenSys Diligence smart contract audit service and is positioning the token as the first NFT specifically built for smart contract security audit services. It essentially tokenizes the labor powering these auditing services and allows the open market to price them appropriately.

TURN represents 40 hours of auditing time to holders. TURN will be able to be bought and sold on secondary markets from there, allowing new users to dictate the value of these services as and when they need them.