๐๐ค๐ช ๐ข๐๐๐๐ฉ ๐ฃ๐๐ซ๐๐ง ๐ช๐ฃ๐๐๐ง๐จ๐ฉ๐๐ฃ๐ ๐ฉ๐๐ ๐ฉ๐ง๐ช๐ ๐ฅ๐ค๐ฌ๐๐ง ๐ค๐ ๐๐ก๐ค๐๐ ๐๐๐๐๐ฃ ๐ช๐ฃ๐ฉ๐๐ก ๐๐ฉ ๐จ๐ฉ๐๐ง๐ฉ๐จ ๐จ๐ค๐ก๐ซ๐๐ฃ๐ ๐๐ซ๐๐ง๐ฎ๐๐๐ฎ ๐ก๐๐๐ ๐ฅ๐ง๐ค๐๐ก๐๐ข๐จ.
I saw a project here on CT a few weeks ago (
@SpaceMworld) that made me rethink what innovation truly means.
We've all been seeing new projects across the timeline focusing on tokenizing RWAs. Personally, I can count at least four of such projects.
In fact, a respected voice in the web3space (
@samuelxeus) space recently said it clearly: "The endgame of blockchain industry is tokenization everything, everywhere, will be tokenized."
But here's the ๐ฑ๐ผ๐๐ป๐๐ถ๐ฑ๐ฒ ๐ผ๐ณ ๐ผ๐๐ป๐ฒ๐ฟ๐๐ต๐ถ๐ฝ ๐๐ผ๐ธ๐ฒ๐ป๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ฝ๐ฒ๐ผ๐ฝ๐น๐ฒ ๐ฎ๐ฟ๐ฒ ๐ป๐ผ๐ ๐๐ฎ๐น๐ธ๐ถ๐ป๐ด ๐ฎ๐ฏ๐ผ๐๐:
While tokenizing RWA is valuable in certain contexts, it introduces problems like:
Regulatory complexity, custodial risk, securities exposure, jurisdictional fragmentation and moreย
I'm sorry to say this, but to me, ownership tokenization is just overrated, because in the real sense the mass is not benefitting, there's so much barrier to accessing it.
ย It is just ๐ฉ๐ง๐๐๐๐ฉ๐๐ค๐ฃ๐๐ก ๐๐๐ฃ๐๐ฃ๐๐ ๐๐ฃ ๐ ๐๐ก๐ค๐๐ ๐๐๐๐๐ฃ ๐ฌ๐ง๐๐ฅ๐ฅ๐๐ง.
SpaceM saw this disheartening issue, projects claiming to tokenize real-world assets, but in reality, no one can actually access them.
So, they decided to build a proper fix.
Let's talk about how.ย ๐งต๐ป