The tokenization of everything is going to change a lot of things. We are now only beginning to consider the possibilities.
Tokenization, i.e the creation of digital assets, will be the greatest wealth generator the world ever saw. This is going to be orders of magnitude larger than the impact of the Internet.
At the same time, we are seeing a system whereby the average person is included. This is going to aid in the reduction in income and, more importantly, wealth inequality.
The introduction of Bitcoin radically changed the world. That was the first step in a long line of moves that are bringing about Web 3.0. Since the digital realm is becoming more expansive for society, we can only presume this has a outsized effect as compared to breakthroughs in the past.
While there is a battle taking place right now, if we can look past that, the vision of where this is going is obvious.
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The Fractional Ownership of Everything
The tokenization of everything means that everything will have representation in digital form. This is rather obvious. However, we have to consider how revolutionary that is.
Tokenization allows for fractional ownership. This is really the most valuable aspect to the entire transition. While adding liquidity to asset is a powerful benefit, it pales in comparison to what fractional ownership will do for humanity.
There is one caveat: provided everyone is able to participate.
Once assets of all kinds are tokenized, anyone can own a piece. Do you want to own part of a professional sports team? That will be possible. How about a part of a robo-taxi system in a dozen different countries? That also will be likely.
Pieces of Manhattan real estate will be for sale. So will fine works of art. Entire systems can be created with the intention of including millions of people from all over the world.
This is nothing new. We witnessed how fractional ownership changed the world. This started a couple hundred years ago and continues today with the corporation. We only need to look at the size of the different stock markets to realize how large this can be.
Of course, the process of going public is, for the most part, an exclusionary process. Only those with the resources can take this approach. The selling of stock, in this instance, is usually to cash out early investors and venture capital firms.
Tokenization could offer this to every business. Consider the opportunity this present to start up and entrepreneurs.
Therefore, as we can see, there are a couple different ways individual can benefit from this process. One can either be the investor by utilizing the value contained in other cryptocurrency or be the one receiving the funding.
Either way, people who were excluded previously are now included.
The Push For The Status Quo
This is not going unchallenged.
We see an enormous push for the status quo. In the United States, the politicians and bureaucrats are taking a hard stances against cryptocurrency. They are doing all they can to push it into the hands of Wall Street.
Unfortunately, this the same system that created many of the financial problems now. Allowing this group to hijack the realm of digital assets is something that must be fought.
These people are all about control. A system where everyone is free to participate is something that is difficult to control. For all their accusations of terrorism, we know the existing system is apt to even bigger numbers of illegal activity.
It also keep a large percentage of the global population impoverished.
Here we are looking at the status quo as the enemy. It is also why we have to work on erecting a completely new financial system as opposed to simply integrating with the existing one.
The idea that Wall Street is going to serve humanity is beyond laughable.
Universal Basic Income
We hear a lot of discussion about job losses due to technology, especially artificial intelligence. Many propose the idea of universal basic income (UBI).
There are a couple problems with this concept.
To start, it keeps governments in the middle which means they are subject to political winds. We know the system can be abused. How about the idea of you vote for a particular candidate or risk losing your UBI?
Another is the fact that people are ignorant to what truly transforms economies and, hence, individuals. Income is not the solution but, rather, wealth. If we want revolutionize the financial standing along with quality of life for the global population, we need wealth generation as opposed to income.
In other words, the ownership of assets is essential. This is what creates wealth. Having things that can either provide yield (a return) or appreciate over time.
This is what fractional ownership provides.
Some have proposed the idea of Universal Basic Assets (UBA). This is a fine concept yet most still have government in the middle. Blockchain based solutions provide a better alternative.
Web 3.0
Here is where we see Web 3.0 entering. The tokenization of everything means that most assets are available for fractional ownership. Web 3.0 is the resource generator.
When people have the ability to acquire financial resources through their social media or gaming activities, we are truly talking about a new system. This creates the distribution that discussed for centuries without any solutions. Their solutions always entail taking from one to give to another. In the end, this doesn't work out.
Web 3.0 simply distributes the expansion of the value. This can be done in many different ways. Over time, the market will innovate novel ways to achieve this.
Once something is tokenized, it is immediately eligible for fractional ownership.
This presents enormous economic opportunities for billions of people around the world. It is what Web 3.0 and tokenization brings to the table.
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Posted Using LeoFinance Alpha