The Future Of The Digital World

When you think about it the vision of the metaverse made sense back during the lock down era. However most of these platforms are dead and gone as there's really no real demand for it now that things are somewhat back to normal in terms of going out and about. However a new wave is hitting us hard as classes of real world assets now become tokenized.

In this article I'm going to go over what that future (and it's coming fast) might end up looking like.

Currently this merge of assets is mainly focused around ETFs and while there are some they have very limited exposure or any exposure really to crypto. That is unless the first Spot ETF gets approved which many are speculating should happen some time this week as it's been closely tracked. The core focus is on Block Rocks ETF but behind that are a slew of other BTC spot ETFs which would bring direct exposure to bitcoin and crypto to trillions of dollars in new capital.

Real World Assets

Since the blockchain is an open ledger and everything can be viewed at any time along with the efficiency and lower fees and costs for large purchases there's been a push for taking real world assets such as homes, gold, art and other collectibles. We kind of see this already but in a more digital sense with NFT style games but even some games have gone as far as making NFTs assets within games which is a way would kind of be physical. At some point I'm sure printed cards and other assets would be the next and easiest logical course. To be fair I'd totally buy up some $10 Splinterlands card packs to be able to open them up in real life and then redeem them in game. Some how they would need to be connected to each other.

Housing

Buying a house is stupid expensive in terms of all the fees not only from the bank but all other parties involved it's enough to cost you a half a years wage for most people just in fees alone. However a blockchain option would eliminate many of those fees and also provide a ton of liquidity on the platforms that host them much like a bank does.

Stocks

We saw something like this come into power back when Binance started offering up crypto tokens that represented stocks in a company. However right from the start I figured that was a bad idea as it was not regulated or passed by the SEC and was a clear violation. I'm all for regulation if it's done correctly and if it's done to actully protect people not hurt them. Unfortantlly for the last few years it's only been done in a way to hurt people and collect money for the government.

This swapping of stocks in an efficient way would also start to provide massive liquidity and fluidness in a otherwise outdated system. We see this clearly as the government recently adopted FEDNOW which is a internal blockchain system for transferring money from bank to bank at near instant speeds compared to the days it used to take. This shows us the entire system is just begging to be upgraded however of course sticky finger government will try and control that.

My hopes are we start to find creative and smart ways to allow more of this without so much regulatory oversight. In my opinion there is so much unclear and such high fees and risk for doing something you want to do only to have the SEC attack you because of their confusing policies. This regulation across the board is super expensive and stops many small businesses from operating or perhaps operating in the unknown because they can't afford super expensive lawyers just to make sure what they are doing falls in line with the ever increasing list of rules.

By creating faster, more efficient system including opening up fast amounts of liquidity into the markets we honestly could see crypto blow up into a world wide currency that blows the current market cap out of the water. Will we though? That honestly depends on how hard to hit back to a increasingly aggressive USA government.

Posted Using LeoFinance Alpha