The tokenization revolution
Bitcoin has fallen back below the US$30k level, just days after many pundits proudly stated it would never drop into the 20 thousand again. And Bitcoin’s decline dragged the rest of the market with it. Solana’s token suffered one of the steepest falls after the Solana blockchain was halted and failed to process any transactions for eight hours. This is just one of several outages and congestion incidents that Solana has experienced in recent months.
A former executive at NFT marketplace OpenSea has been arrested and charged with wire fraud, money laundering, and insider trading. Nate Chastain was fired last September. His actions were discovered by other NFT buyers who analyzed his transactions on the blockchain. And US Republican representative Madison Cawthorn is under an ethics probe for belatedly disclosing cryptocurrency transactions of a coin he secretly owned. Cawthorn revealed he bought between $100,000 and $250,000 worth of “Let’s Go Brandon” cryptocurrency before publicly suggesting that its price would “go to the moon.”
On today’s show, we focused on asset tokenization. This is the process of an issuer creating a digital token on a blockchain. Ian Lowe from Dacxi explains the potential of tokenization, from real estate to precious metals.