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whichever chain wins the “tokenized equities” meta in the coming quarters is going to win the next phase of the blockchain war imo.
crypto ppl who are jaded about their own industry typically have an unrealistic expectation of how quickly innovation takes place. neural networks and tcp ip were invented in the 50s and 70s respectively. it took them more than a half a century to get to where they are today. crypto has been around for 1.5 decades. we have a product that challenging a 5000-year-old store of value, a product that’s a top 10 holder of us treasury and reinventing global payments, and several startups that became some of the fastest growing startups by revenue in history. it’s not a bad outcome at all.
lots of bad takes on the tl about @believeapp . yes the tokens are technically meme coins. yes the traders are mostly speculative capital from the trenches. but the devs are legit builders curated by the believe team and they are earning enough trading fees to not have to raise venture for a while. do ppl know how brutal it is to fundraise from vcs? and how nice it is to just get the money in the bank and focus on building?
*that* is the big unlock. its fundamentally the same idea as nft royalties that ppl praised a couple of years ago. is it the final form of crypto capital formation? idk, but its a big step in the right direction.
*that* is the big unlock. its fundamentally the same idea as nft royalties that ppl praised a couple of years ago. is it the final form of crypto capital formation? idk, but its a big step in the right direction.
the most obvious area of intersection between crypto and other non-finance fields - be it tech, science, art, music, games, entertainment, or charity - is fundraising + tokenization. the opportunity is so obvious and so big yet so few ppl r working on it.
one thing ive been thinking about is whether rwas including stablecoins r sustaining technologies or disruptive technologies.
a sustaining tech is one that makes incumbents better. a disruptive tech is one that disrupts incumbents.
robinhood, stripe, meta r all reportedly doing rwa/stablecoin stuff. they r all incumbents. in this regard rwa/stablecoin is a sustaining technology.
the more interesting question is in what scenarios does crypto disrupt incumbents?
a sustaining tech is one that makes incumbents better. a disruptive tech is one that disrupts incumbents.
robinhood, stripe, meta r all reportedly doing rwa/stablecoin stuff. they r all incumbents. in this regard rwa/stablecoin is a sustaining technology.
the more interesting question is in what scenarios does crypto disrupt incumbents?
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