The Power Of Tokenization
With all the FUD it is vital to concentrate on what the true power is that is coming from cryptocurrency.
In this video I discuss the two major advantages that cryptocurrency brings and how it is very powerful economically.
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Kevin Smith, from Jay & Silent Bob, is making a movie on the Secret Network. Limited copies and buyers can interact with him and help or make suggestions for the next movie.Very interesting concept.
I would say the entertainment realm is a huge opportunity simply because that is a realm with so many creative people.
For that reason, they can take these technologies and come up with some amazing stuff.
It is really going to be interesting the next few decades.
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The truth is that the power of Cryptocurrency lies in it since it is not controlled by any third party and the independence it provides us is what we all seek.
Unfortunately, tokenization is largely perceived as money and money only. The masses do have this misconception. The real power of tokenization is governance, and with that only we can achieve and uphold the decentralization in the crypto ecosystem. The airdrop very often suffers "mass dumping" because of such a lack of knowledge about governance. If the new middle class that is being constantly created by the crypto domain in various forms, e.g. inflationary rewards, airdrops, etc, should be preserved and it is the responsibility of the individual to honor the reward and recognize it as governance token, that will be beneficial for them both in terms of monetary benefits and the largest benefit i.e. sustaining the decentralized governance.
People thought the Internet was the "information superhighway" also. That turned out to be false yet the Internet became one of the most powerful innovations humanity ever say.
The same will happen with crypto. People have the wrong idea about it now but that will change over time. For the moment, it is up to the builders to provide the use cases. That is the stage we are at.
Over time, people's perception will change especially as creativity and innovation is applied to the different projects. Then we will see use cases we never dreamed about.
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It would be nice but I wonder what these companies would offer in value for the community. I am not sure I want companies to just raise money off their fans because I have a feeling they will if they are given a chance.
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Well the community has the decision of what to do. I am sure you could have made a case for a lot of companies in the past that had huge followings only to fall out of favor.
It is a power shift.
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Summary:
In this video, Task discusses the power of tokenization and its potential benefits amidst the current market climate filled with fear, uncertainty, and doubt. He highlights how tokenization can uncover hidden value, quantify activities like teaching, and incentivize beneficial actions such as exercise and healthy living. Task explores the impact of tokenization in various sectors, including Web 3 projects like Presearch, NFTs, and real estate. He emphasizes the liquidity tokenization can bring to traditionally illiquid markets like real estate, the potential for fractional investing, and the social layer that can be monetized through tokenization. The video concludes with Task underlining how tokenization can lead to financialization, offering opportunities for collateralization and investment in a range of assets.
Detailed Article:
Taskmaster starts by addressing the negative sentiments surrounding tokenization due to market activities, mainstream media, and prominent figures like Peter Schiff and Warren Buffet. Despite the FUD, he emphasizes the magical potential of tokenization to uncover hidden value and quantify activities that were previously unmonetized.
He delves into the transformative aspects of tokenization in incentivizing activities like cleaning up parks, teaching, exercise, and healthy living. By tokenizing these activities, individuals can be rewarded for contributing value to society, ultimately adding another layer to the economy.
Moving forward, Task discusses the role of tokenization in Web 3 projects, highlighting how it rewards activities such as upvoting, content creation, and NFT design. He stresses the economic productivity and value created by individuals engaging in these tokenized activities.
One of the key points Task elaborates on is the liquidity tokenization can bring to markets, particularly real estate. He provides an example of how tokenizing a commercial real estate project can enable fractional investing, creating liquidity that is unparalleled in traditional real estate dealings.
Moreover, Taskmaster touches on the concept of equity tokens and income tokens in real estate tokenization, emphasizing how tokenization can add value and liquidity to various sectors beyond traditional financial markets.
Conclusively, Task emphasizes how tokenization can lead to the financialization of various assets, enabling collateralization, investment in different projects, and leveraging opportunities. He introduces decentralized finance (DeFi) as a tool to separate money creators from intermediaries, signifying a significant advancement in the financial landscape.
Overall, Taskmaster's discussion showcases the vast potential of tokenization across different sectors, emphasizing its ability to unlock value, enhance liquidity, and drive economic growth in various industries.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.