AppLovin stock (APP) has a tokenised version, APPx, a blockchain based asset that represents AppLovin shares. Each APPx token is backed 1:1 by real AppLovin shares held in regulated custody. AppLovin is a software company that provides advertising and growth tools for mobile app and game developers. Its AXON advertising engine uses machine learning to match ads with users, and the company has also operated mobile games. AppLovin was founded in 2011 and is based in Palo Alto, California. Holding APPx gives you indirect exposure to AppLovin shares, but it is not the same as owning the underlying shares and does not come with shareholder rights.