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How does tokenization help transform illiquid real estate ownership into a liquid one?
Tokenization provides new liquidity to the real estate market by making it easier for people to trade and invest in properties.
Tokenization is the process of taking traditional assets (like real estate) and dividing them into digital tokens that can be traded on a blockchain. This makes it easier for people to invest in and trade such assets and helps create a more liquid market.
In essence, tokenization is the process of converting asset ownership rights into digital tokens on a blockchain and can be used to tokenize several things, including:
Tangible assets like precious metals, real estate, art and more;
Intangible assets such as intellectual property rights; and
Regulated financial instruments like bonds and equities.
In the context of real estate, tokenization refers to the fractionalization (dividing the property into smaller parts) of property through tokens stored on a blockchain. This way, investors can directly own a piece of a token's underlying real-world asset without having to purchase or manage the entire property. Read More
Solana Creator Anatoly Yakovenko Reveals His End Goal for Top Ethereum Rival
The co-creator of Solana (SOL) is revealing his end goal for the high-throughput blockchain and major Ethereum (ETH) rival.
In a new interview with Scott Melker, Anatoly Yakovenko says that he hopes the Solana blockchain’s speed will help it become the benchmark system for all global financial data, eliminating market inefficiencies.
“This is like my science fiction end goal for Solana is that when news travels around the world, state transitions travel at the same speed as news, by the time that news hits a Bloomberg terminal in New York, the price of whatever that thing was reflecting is already being propagated through Solana.
So when a trader looks at a market at NYSE (New York Stock Exchange) or Solana it’s the same price. It means there’s no real arbitrage allowed. That will require a lot of work. We joke that if we have to do it, we will build a neutrino-based communication between nodes to cut through the center of the earth to reduce latency.”
The crypto entrepreneur says in order for Solana to become dominant, a big breakout of adoption of the next big application on its blockchain would be key to making it happen. Read More
Cardano Blockchain to Stimulate Authenticity and Quality of Georgian Wine
To boost Georgia’s global reputation as a leading wine producer, the Cardano Foundation has partnered with the nation’s wine agency to create a public and flexible trace solution powered by the Cardano blockchain.
In a statement, the Cardano Foundation disclosed that the partnership with the Bolnisi Winemakers Association and Scantrust and Georgia’s National Wine Agency would enhance the quality and authenticity of the nation’s wine.
Mel McCann, Cardano Foundation’s vice president of engineering, noted:
“This collaboration will develop a creative, cost-effective, and flexible certification and traceability system, which will provide transparency and authenticity for wineries and customers from the point of harvest to the point of consumption.”
The Cardano Foundation will spearhead the collaboration with individual wineries to get a scalable, shared, and cost-effective platform. Read More
Wallets like MetaMask need to become more user-friendly
Most wallets feel like they were created for developers. That’s becoming a bigger problem in terms of both practicality and security as crypto adoption increases.
After Ethereum’s long-awaited Merge, it’s an ideal time to think about how we can also improve smart contracts. Essentially apps that run on blockchains, smart contracts are a vital component of our Web3 applications. But interacting with them remains quite dangerous, especially for non-developers. Many of the incidents where users lose their crypto assets are caused by buggy or malicious smart contracts.
As a Web3 app developer, this is a challenge I think about often, especially as waves of new users keep onboarding into various blockchain applications. To fully trust a smart contract, a consumer needs to know exactly what it’s going to do when they make a transaction — because unlike in the Web2 world, there’s no customer support hotline to call and recover funds if something goes wrong. But currently, it’s nearly impossible to know if a smart contract is safe or trustworthy.
One solution is to make wallets themselves smarter. For instance, what if wallets could tell us if a smart contract is safe to interact with? It’s probably impossible to know that with 100% certainty, but wallets could, at minimum, aggregate and display a lot of the signals that developers already look for. This would make the process simpler and safer, especially for non-developers. Read More
In the current political climate and apparent age of awareness around privilege and oppression, many of us are questioning and re-examining previously unchallenged ideas. The degree of polarity is exponential worldwide, and derision is rampant among societies. Many are experiencing their freedom, identity, and self-expression being stripped away by the disingenuous elite who want to crush entrepreneurialism and critical thinking.
The wheels have been set in motion for the Great Reset and Stakeholder Capitalism plans involving ESG, global Digital ID, and a new monetary system by the BIS. NGOs, asset management firms, and the banking cartel working with governments are enforcing mandates of ridiculous restrictions on companies in the name of climate change, hurting businesses and citizens worldwide.
As is with big tech, specifically social media with its cancel culture oppressing free speech and self-expression. Both sides of the spectrum are in lockstep, trying to kill the entrepreneurial spirit and stifle innovation, which is precisely what they want, all in the name of stakeholder capitalism, with an aim to have complete control, but they won’t win.
Some innovators are fed up with woke left-wing intolerance and are the first to step out and take risks by building alternatives to counter an ever-increasing oppressed system. Read More
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Ethereum Infrastructure Developer Infura Is Decentralizing, Protocol to Launch Next Year
Infura's "Decentralized Infrastructure Network" will seek to do away with outages on Ethereum due to a "single point of failure."
Ethereum engineering firm Infura is creating a Decentralized Infrastructure Network to launch sometime next year, the firm announced Friday at the ETHBerlin hackathon.
The network’s working title is the “Decentralized Infrastructure Network.” According to a statement, this new network will provide “millions of future users” access to Web3 products “without outages and downtime due to a single point of failure.”
Infura provides backend infrastructure for Web3 companies to launch their products. It offers businesses a way to connect to blockchains like Ethereum without having to run their own nodes. As it gains more customers, Web3 as a whole becomes more centralized as firms run their projects through Infura.
Back in 2019, Infura said decentralization could be achieved if every person ran their own node. Now, the company’s Decentralized Infrastructure Network could be an alternate solution. Read More
Beyond the NFT hype: The need for reimagining digital art’s value proposition
The true potential of NFTs lies beyond profile pictures and art and in solving real-world use cases, implying the need for brainstorming fresh ideas.
With cryptocurrency prices wavering this year, nonfungible tokens (NFTs) and other sub-ecosystem investors have also found themselves in the grips of a bear market.
However, looking beyond the trading value of Ether (ETH), NFTs were primarily created to represent assets and ownership in the real and virtual world. The bear market, as a result, has reignited discussions around how NFTs can backtrack and focus on attending to use cases while the market recovers.
In a conversation with Cointelegraph, Tony Ling, the co-founder of analytics platform NFTGo, shared insights into the NFT ecosystem, revealing the expected trajectory of the ecosystem. Read More
Bandai Namco, SEGA among video game giants eyeing blockchain gaming
Big gaming firms are working to spur mainstream blockchain gaming adoption, and don’t want to “change that policy” even if it causes pushback from some.
Japanese gaming giants are positioning for mainstream blockchain game adoption and will not be swayed by the section of gamers that are against crypto and nonfungible tokens (NFTs), an executive from the Oasys blockchain project told Cointelegraph.
Speaking to Cointelegraph at the 2022 Tokyo Games Show last week, Oasys representative director Ryo Matsubara emphasized that the project’s big-name partners such as Bandai Namco, Sega and Square Enix are not just jumping on the crypto bandwagon — there’s a long-term vision for blockchain-based gaming:
“We have a shared vision about blockchain at the executive level. They don’t [want to] change that policy. They really understand the future adoption of blockchain. They’re not thinking about, you know, just the revenue, they want to create the next future [of gaming].”
Bandai Namco has developed beloved titles such as Tekken and Pac-Man, Sega’s most famous title is generally seen as Sonic the Hedgehog, while Square Enix is the developer of the widely popular Final Fantasy franchise. Read More
Business owners should get off PayPal and move to the blockchain
Cryptocurrency platforms offer lower fees and more convenience than their corporate competitors. That’s a boon for entrepreneurs.
Thanks to the converging forces of Web3 — blockchain, decentralized finance (DeFi), AI and machine learning — new, smart algorithms can analyze and adapt to provide user-centric experiences. In addition, Web3 will be much more inclusive than previous versions of the Web. The decentralized nature of Web3 creates the perfect platform for the fast and transparent flow of information that’s not subject to censorship by a central authority.
In addition, Web3 eliminates intermediaries like Facebook that take a cut of users’ cash (and personal data) when they buy something online. At the same time, all the details of our transactions are public — for better or worse. Enhancing the security and convenience of online transactions will increase the volume of e-commerce transactions and encourage businesses to adopt crypto payments.
As more businesses move from Web2 to Web3, many merchants and consumers have begun using crypto payment solutions.
In Web2, most online payment platforms such as PayPal and Stripe charge transaction fees of around 4%. This, of course, makes it difficult for businesses to stay competitive without raising prices. Not only are crypto payments frictionless, but they’re also gaining traction as a payment method. With stablecoins today, people no longer have to worry about converting to fiat and the hassle of withdrawing funds to their bank accounts. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
