There is a lot of opportunity. I like the concept of infrastructure since I believe that is going to be a huge opportunity. Most still do not have the know-how to do it. Tokenization could be a wise move.
One piece of feedback that I have gotten when talking to others about it is that you cannot remove the trust factor. Tokenization of RWA are great for the fractional part of things, but the purchaser would still have to trust the company is going to be above board. Or not, hell, have you seen the stupid crap people invest in? LOL.
With NFTs you can at least embed or connect it to a PDF contract and using the wallet digital signature of purchase could satisfy the legalese of things. That's what I was doing with the real estate project. But the company would still have to issue dividends to NFT holders manually. It could be set up by smart contracts, but the company would still need to assure the funds were in the wallet.
I get the arguments on those things, and honestly they are valid concerns for tokenizing RWA like real estate. So it's all still a gamble.
Yeah. There is still the bridge when dealing with real world where the stream of payments is in dollars (or whatever) and not crypto. Hence there has to be the trust to convert and distribute.
The only option I would think is to fully automate/DAO it where the smart contract wallet receives all payment in crypto then distributes in that currency. Depending upon the asset, this might still be a problem with expenses such as contractors in real estate.
Yes, a DAO is really what you need with that kind of thing honestly. I used to work with a DAO platform, but they started requiring you to hold their token and the amount needed keeps increasing, so no more using that platform. I am actually looking for a new solution to that.
I could build it using the tools I have, but it will be sort of a piece mill of different smart contracts that will all work together. But I am pretty savvy at putting puzzle pieces like that together, haha.
Ah.
So you are the Web3 McGyver (and old enough to know what I am talking about)?
I am watching someone building on the same DexKit platform I am building out Logicswap.exchange and the new EVM side of BlockTunes. They are building a site that sells NFTs that tokenize a TH of hashrate, but the company has to convert the earnings and then payout the NFT holders, so it's still a trust thing. But that's just going to have to happen if companies are going to do the whole real world asset thing.
Yeah. The bridge to RWA and trust is an interesting one. That is why the majority, in my view, will start with institutions and custody. We know how the masses trust them completely.
That said, with problems come opportunity. Figuring solutions can be a windfall.
That said, do you have any ideas on how I may be able to tokenize my 3D printing farm? For this I would go to the EVM chains like Polygon or BSC just because of better reach, and I have the no-code tools to build it, haha. I could do tokens or NFTs, and have staking contracts for both. I feel like things have changed a lot in the space and it's harder this round to get the funding needed. Or it's just me... LOL...
I feel like things have changed a lot in the space and it's harder this round to get the funding needed.
I think your assessment is accurate. After so many scams, broken promises, and fraud, people are turning away. So I dont think you are wrong on this.
I would have to think about that regarding the 3D printing. It been a while since I looked closely at the progress of 3D printing but I am sure there are opportunities within tokenization.
Basically the machines are getting better and better. I have been a bit at a loss as to how to handle any decent capital raises. Guess I am just going to do it the good old fashioned way. Sell what I have and try to build from here.
And yes, I am seeing the same thing. With the exception of kids running into these stupid memecoins, people are extremely cautious this time around, which makes it even harder for legit projects to get funding. Don't get me started on the DHF circle jerk, lol.
