#CT has been all about NFTs past few days
Most folks focus on art/gaming/collectibles wrt to NFTs - IMO this HUGELY underestimating the impact of NFTs
NFTs in the context of 'Real-World Assets' (RWAs) address a TAM that is orders of magnitude larger
A tweetstorm 👇
What are RWAs? Mostly business documents representing ownership or claims to assets E.g. business invoices, land titles, bills of lading
Business invoices are especially interesting
Why? Because 80% of world trade takes place on credit terms - a $19.6 Trillion market..with a T!
Once a business invoice has been tokenised and brought on-chain using an NFT:
✅It can be traded against Stablecoins
✅It can be used as collateral to borrow/lend against....
...facilitating borrowing/lending against RWAs as opposed to against cryptoassets only!
This opens up a fundamentally new paradigm for what crypto enables...
Matching of lenders (looking for yield) to businesses (looking to borrow) in an environment where:
📈Stablecoin market cap is skyrocketing
📉Interest rates are at an all-time low
We've (@PersistenceOne) been working at the confluence of DeFi+NFTs to solve this problem since early 2019
We also lead the Interchain NFT Standards Working Group - NFTs reimagined for an Interoperable world (more on that in a separate thread)
medium.com/persistence-bl…
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