The Next Stage In Cryptocurrency Evolution?
There was a discussion today on discord which brainstormed an idea that bridges crypto to the physical world. Thus far, it seems that crypto is a financial system that is an island unto itself.
In this video I discuss how we can see cryptocurrency being used for a variety of real world applications since there is a pool of financial resources ready to tap into.
▶️ 3Speak
0
0
0.000
Your current Rank (36) in the battle Arena of Holybread has granted you an Upvote of 18%
Congratulations @taskmaster4450! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
You can view your badges on your board And compare to others on the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Do not miss the last post from @hivebuzz:
Summary:
In this episode, the speaker discusses the merging of the digital and physical worlds through cryptocurrency. He talks about the disconnect between the current financial system and the crypto world, highlighting past issues with ICOs but acknowledging positive developments in projects like Singularity Net. The discussion then shifts to DeFi and the potential for innovation in merging crypto with real-world assets like land or livestock through tokenization. The speaker explores the idea of fractional ownership and investment in real-world projects using cryptocurrencies like Hive, emphasizing the opportunity for individuals to participate in ventures they might not have considered before. He concludes by suggesting the potential for various projects and assets to be tokenized on platforms like Hive, opening up new possibilities for financial collaboration and creativity in the cryptocurrency space.
Detailed Article:
The episode opens with the speaker delving into the concept of merging the digital crypto realm with tangible assets, highlighting the current separation between traditional finance and the world of cryptocurrency. He reflects on the inception of Bitcoin and the progression towards a new financial paradigm. The speaker focuses on the ICO craze, noting the prevalence of scams during that period but also acknowledging the emergence of some noteworthy projects like Singularity Net, which decentralizes artificial intelligence.
Moving on to the DeFi sector, the speaker reflects on the current trends of staking and yield farming, anticipating a possible settling down from the current feverish rates to a more sustainable system eventually. He sees this as a positive development that brings attention, funds, and innovation to the industry. However, he emphasizes that these activities are still confined within the crypto ecosystem.
The discussion takes an intriguing turn towards tokenizing real-world assets like land or livestock. The speaker poses a scenario where individuals could participate in projects like land development or cow raising by owning fractional tokens tied to these ventures. He explores the idea of creating a platform on Hive, allowing people to invest in such projects and receive returns when the assets are sold. This innovative approach not only gamifies investment but also offers a legitimate business model that bridges the gap between crypto and tangible assets.
The speaker reflects on the evolving nature of cryptocurrency, particularly focusing on Hive's potential as a platform for such ventures due to its transaction features and smart contract capabilities. He suggests that this concept of tokenizing real-world assets can greatly increase the utility of cryptocurrencies and encourage more diverse investments. The episode closes with the speaker encouraging listeners to explore the vast possibilities that this blending of crypto and real-world projects can offer, envisioning a future where a wide range of assets can be tokenized and traded on blockchain platforms like Hive.