Three Projects To Hold In Anticipation Of The Tokenization Of Everything!
Monumental Shift
The tokenization of real-world assets is a keynote in many of my writings. I see it becoming the most predominant trend of the decade. I am expecting a monumental shift to unfold during the 2020s. It’s an obvious progression and one that not only makes a lot of sense but has numerous benefits to the world of commerce, as well as personal ownership. The fact that both business and personal ownership can benefit provides even further confidence.
Technological advancements of the past that have managed to achieve a dual outcome such as this have always enjoyed a significant level of adoption. Essentially, the tokenization of RWA is simply digital ownership of physical assets. However, it can also be a case of digital ownership of digital assets. Ultimately, everything that exists is digitally owned. Hypertokenization is a lot more commendable than hyperbitcoinization.
The tokenization of real-world assets is an inflection point that cannot be reversed. We are at the precipice of change. There is no going back, and certain blockchains and blockchain-based projects are going to rise on the swell of this new wave. I have mentioned two of the three projects before. However, one is an entirely new project. That being said, let’s begin with the largest (by market cap) of the three, and the one I have mentioned most over the past two years.
Ravencoin
Ravencoin is a project that not only enables the creation of tokenized assets but is also a fairly launched Cryptocurrency. Its levels of purity are almost unparalleled. Very few coins have been launched under similar conditions. In terms of Ravencoin’s launch, there was no premine, ICO, or allocations given to a foundation or devs. This truly is unique, and perhaps why Ravencoin has not enjoyed the level of recognition it deserves.
Some altcoin projects such as BNB and SOL have received almost 50% of their prospective tokens, making light work of marketing and development. Ravencoin sacrificed growth for purity and ultimately chose the path of organic growth and development. Ravencoin’s market cap is fairly close to $200 million and has experienced market valuations in the billions during the bull market of 2021. It’s a solid choice, in my opinion.
Centrifuge
Then there is Centrifuge, which I introduced my readers to during the first two weeks of August. CFG is currently ranked 238, according to market cap, and has a market cap of $95 million. Centrifuge has been involved and on the cutting edge of tokenizing real-world assets for some time. When you consider the future growth of this sector, Centrifuge is still in its infancy. Centrifuge is built on Substrate and has staking capabilities.
Given that Centrifuge also aids in the financing of real-world assets, and not only the creation, it is uniquely positioned to secure a significant chunk of the market. Even though CFG has been hit hard by the bear market, it has held up quite well over the past month, a time when many altcoins have taken a massive knock. Centrifuge has only lost 10% over the past 30 days and is showing signs of considerable strength. CFG is available on Gate.io.
Realio
My final pick fits more into the micro-cap sector. Realio primarily deals in the tokenization of real estate and seems to be aiming at eventually being able to trade properties on a DEX. Tokenized real estate investors will perhaps be familiar with Lofty, where property tokens can be traded on a built-in marketplace in real-time. According to the Realio X account, this is how they describe their business model:
Eliminating barriers to invest-in, trade, & leverage digital RE, PE & other real-world assets through DeFi
There appears to be a fair amount of experience within the team, which is always encouraging to see. Like Ravencoin, there was no premine or ICO for RIO, which is another good reason to research Realio. CoinGecko doesn’t provide much clarity regarding the market cap. However, after a few rough calculations, it appears to be in the typical micro-cap range, which offers the potential for significant upside. RIO is available on MEXC.
Final Thoughts
These are primarily the three projects I am considering, and looking to accumulate regarding the tokenization of real-world assets. This of course can change over time. Crypto moves fast, and projects appear out of nowhere. The competition is tough, and this is likely to spike once tokenization enters into a hype phase. That is why identifying projects at this stage of the game is perhaps the better option.
Tokenization is an exciting idea, and it’s just getting started! Hopefully, this article has inspired you to do a little research of your own. Blockchains that enable the creation of tokenized assets are going to perform phenomenally well in the future. That’s my two cents, see you next time!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.
