With so much news, projects, protocols, and FOMO craziness on the blockchain, we are in danger of losing the forest for looking at some trees. We are witnessing and being part of a gigantic revolution in our lives, which is generically called “blockchain” or “cryptocurrencies” or “tokens”.
We are being participants in a turning point and very few realize by now that there are certain coordinates that are the fundamental territories, the strategic points that any general has to occupy before another occupies it, to win the battle and then the war.
From my point of view, the possibility that smart contracts give us to tokenize property is unique, and we have never before witnessed a paradigm of these characteristics such as the digital representation of assets and property rights, which in general terms are called "Tokenization of the economy", or better yet, Tokenomics.
Any "real" world asset can be tokenized and brought as a digital representation to a new digital world!
The change is so great that we should make time each week to study this phenomenon, with discipline and depth.
I think that the tokenization of the economy is the greatest tool for coordinating the spontaneous order that constitutes any economy, and this is even more remarkable in a totally decentralized economy like the one allowed by blockchain and smart contracts.
So my intention is to analyze and describe two examples per week of tokens that digitally represent our “known” world, and whose future development can create a totally “unknown” universe or metaverse, totally managed in a digital and decentralized way, and with the inclusion, for the first time, of all living beings on the planet.
The goal is that we can all think strategically, looking at the labyrinth from above, how the traditional model of each business changes, and how future generations will allocate their investments in the crypto-sphere.
For this first episode I chose REALT and ENJIN.
REALT
Most of the people I know want to own a property. It is not clear why, but owning a property is something that reassures, gives peace of mind, and makes the lucky person become part of a winning elite.
The truth is that owning a property was, is, and will be a very difficult thing in any part of the world, and especially at this time, and more especially for the new generations. Millennials do not qualify anywhere near the mortgage requirements of any bank, and they cannot think of small savings in fiat, to one day be able to enjoy their own homes.
REALT is a token that digitally represents real property. Anyone, with a telephone and an internet connection anywhere in the world and without having to ask anyone for permission or present any paper required by the institutional elephant, can buy a REALT token and become the owner of a fraction of a property. At the moment, according to what I saw, it can only refer to properties in the USA. But surely it is only a matter of time before this spreads across the world, and the crypto-sphere becomes populated with fractional-digital real estate investments.
Did you ever think that you were going to own a piece of property in Istanbul? Or in Moscow?
Ownership of a fraction of a property is distributed over a finite number of representative tokens. According to tenure, the owners can receive dividends from the rental of the property. REALT does not have a representative token, rather each property has a particular token that is managed by a different company.
Each REALT property has a company that manages the property on behalf of the owners. This company searches tenants, collects rents, and manages repairs, so you don't have to worry about those tasks.
This management model constitutes, according to my way of seeing the system, a dramatic revolution in real estate investment.
The future of investing in real estate is fractional.
And everyone can participate!
Ethereum has once again enabled an unprecedented revolution. In this case, it allows providing liquidity (through tokens) to an industry such as real estate, which is naturally illiquid.
We have here a clear example of a gamechanger in one of the oldest industries on the planet. Fractional investment in real estate. There is nothing like it available to anyone anywhere in the world in traditional real estate trading.
ENJIN
Do you like computer games?
According to Newzoo, the 2.7 billion gamers in the world will spend $ 159.3 billion on games in 2020, and the market will pass $ 200 billion in 2023.
That is a good number.
Well, ENJIN has to do with the gaming industry, and it has a token called ENJ that can be bought or sold on any exchange.
Basically, the platform offers solutions for developers in terms of tools to create games, and assets that players use in those games, with high design features and usability.
But the most attractive thing is the possibility of migrating the assets of one game to another. Normally, the characters, avatars, weapons and other inventions of the games are stored in the central servers of the companies that developed those games. But blockchain allows this model to change, allowing players to create assets that have value both in the game they are playing and in any other game.
That is, you can take the sword or weapon that you designed in one game, to another game and continue using it in the new scenario, to show that it really works in any type of test, in order to give it value and then monetize it, if you want.
How could you do this in the traditional gaming industry?
Can you imagine what this means in terms of generating new stories, new characters, new situations, and fundamentally, in trading your own creations in an environment of crazy people from the same tribe, who "live" on different blockchains?
This is what I try to mark with the paradigm shift that tokenomics brings us.
Well, then, after this episode, you can start thinking about buying a fraction of a property somewhere in the world, and designing an antimatter weapon that launches projectiles at warp speed and that can be used to conquer kingdoms in various blockchains.
My vision is that the next financial institutions are going to be smart contract factories that make tokens to trade in ways we haven't imagined yet.
Thank you for reading!
Publish0x is a gret idea. Consider signing up with my link: https://www.publish0x.com?a=J0dNkpAveL.
If you have any questions or comments, please feel free to leave them down below.
You can also contact me at [email protected].
You can also follow me on
