On token invalidation
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:closed_lock_with_key: Learn how to use JSON Web Token (JWT) to secure your next Web App! (Tutorial/Example with Tests!!)
And why your "solution" doesn't work, because stateless JWT tokens cannot be invalidated or updated. They will introduce either size issues or security issues depending on where you store them. Stateful JWT tokens are functionally the same as session cookies, but without the battle-tested and well-reviewed implementations or client support
The standards are either completely broken or complex minefields hard to navigate
Compared to API keys, JWTs offers granular security, homogeneous auth architecture, decentralized issuance, OAuth2 compliance, debuggability, expiration control, device management