1/ Yesterday, in Washington D.C., @0xPolygonLabs and the Solana Foundation broke new ground by co-hosting the first-ever Crypto Policy Bootcamp! 🏛️
Read: https://t.co/TINoVONkzk
Learn more 🧵👇
(5/5) There are more considerations, but these are the most important imo. @OmegaGeometry and I did a deep dive on RWAs in our first podcast episode and was what inspired us to begin with. Really excited to see how this space continues to develop! https://t.co/AhWH3KZxCV
The next stage of blockchain adoption (and fuel for the next bull run) will likely involve the integration of real world assets/collectibles and Web3. I'm surprised (though probably shouldn't be) that Magic Eden is already making moves on this! Some considerations below:
What are tokenized physical collectibles?
A tokenized physical collectible is when something physical (big surprise) like a Pokemon card is vaulted and put on-chain. By tokenizing collectibles, you unlock the efficiency of blockchain without forfeiting ownership.
These collectibles have verified authenticity, are securely stored in vaults and are 100% redeemable. They may, however, benefit by staying on-chain since fees in Web3 can be up to 10% less than many Web2 counterparts. Also, Blockchain tech allows for a world of new possibilities for physical collectibles in the future, not to mention quicker and easier transfers now.
Secure, verified and tokenized. Check out our next drop with @Collector_Crypt tomorrow at 12pm ET.
(4/5) #3: The RWA Regulatory Problem: What assets/collectibles are legally viable to tokenize/trade, who can participate, to what extent, what regulatory bodies (like the SEC) will get in the way, and what are the workarounds to limit liability of service providers and users?
GM Shower Thoughts: Sometimes it's weird to think that billions of people rn are just trying to hit the right keys in the right order on keyboards so that they can effectively download money