1/ Tokenization of real-world assets is a multi-trillion-dollar opportunity for #Web3
And it's just getting started...
Making these assets programable is a key step to moving global trade to blockchains:
And it's just getting started...
Making these assets programable is a key step to moving global trade to blockchains:
2/ Tokenizing real-world assets is the process of representing them on the blockchain as tokens.
3/ What are the benefits of tokenizing something?
Anyone with an internet connection can now trade, lend, borrow, split up, and send these tokenized assets anywhere in the world, at any time, nearly instantly, for a low cost via blockchains.
Anyone with an internet connection can now trade, lend, borrow, split up, and send these tokenized assets anywhere in the world, at any time, nearly instantly, for a low cost via blockchains.
4/ This means -- better, cheaper, more transparent, and fair exchange of goods and services for the world.
Which is a $ trillion dollar market opportunity according to @BCG
Which is a $ trillion dollar market opportunity according to @BCG
5/ So far, the most common example has been bridging currencies (aka. Stablecoins) on-chain, like USD.
#USDT and #USDC are the most widely known.
But this was just the start of real-world asset tokenization…
#USDT and #USDC are the most widely known.
But this was just the start of real-world asset tokenization…
6/ Other asset tokenization opportunities include anything with a data source:
-Commodities (gold, silver, oil)
-Stocks and bonds
-Private credit
-Real estate
-Art
-Carbon credits
...and more
-Commodities (gold, silver, oil)
-Stocks and bonds
-Private credit
-Real estate
-Art
-Carbon credits
...and more
7/ But how do we know if a tokenized asset’s backing is legit?
We need a way to securely connect real-world asset data to blockchains.
#Chainlink is a protocol that solves this problem.
We need a way to securely connect real-world asset data to blockchains.
#Chainlink is a protocol that solves this problem.
8/ Gold has been tokenized by @cache_gold
They use @Chainlink to monitor physical gold reserves.
All data is transparently available on-chain.
They use @Chainlink to monitor physical gold reserves.
All data is transparently available on-chain.
10/ What does the big picture look like for meaningful #Web3 adoption and usefulness?
Tokenizing real-world assets.
Tokenizing real-world assets.
11/ Dive deeper into tokenized RWAs with @ChainLinkGod
https://twitter.com/ChainLinkGod/status/1543323712325267456?ref_src=twsrc%5Etfw
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