oofmaster
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I was intrigued by the post on Travelx yesterday, as I think it's valuable to make Airplane tickets as NFTS, but not to "stake/earn yield" on them, only because there are some benefits to the airlines on secondary market revenue and maybe add some values to nft-holders (previous flyers) for different perks. But, what value does it offer to "tokenize everything" and why we need a blockchain for it.
The blockchain is able to verify the ownership of an asset by NFT/ERC-721 standard, making tokens non-fungible and distinguishable from other tokens on it's own. This is a standard that has existed for quite some time, but only recently the need to tokenize everything and a narrative around RWA (real world assets) has formed, that it seems to be all the hype. Why is this, back when Bitcoin grew popular around 2017, everyone knew that you can for instance setup mortgage contracts, tokenize your car ownership etc. But, this is out there for some time, why is it now that it is popular?
Again, I can get into tokenizing event tickets to access and own YOUR fan experience as an artist, or to tokenize digital assets in games to own YOUR in-game items. These are all valid, but what is the hype to tokenize everything?
The blockchain is able to verify the ownership of an asset by NFT/ERC-721 standard, making tokens non-fungible and distinguishable from other tokens on it's own. This is a standard that has existed for quite some time, but only recently the need to tokenize everything and a narrative around RWA (real world assets) has formed, that it seems to be all the hype. Why is this, back when Bitcoin grew popular around 2017, everyone knew that you can for instance setup mortgage contracts, tokenize your car ownership etc. But, this is out there for some time, why is it now that it is popular?
Again, I can get into tokenizing event tickets to access and own YOUR fan experience as an artist, or to tokenize digital assets in games to own YOUR in-game items. These are all valid, but what is the hype to tokenize everything?