The world of blockchain gaming is taking the world by surprise, and the funniest thing is that it's yet to even go as close to touching the roof. What people don't seem to understand is that even the NFTs market is a part of DEFI and crypto as a whole. With the growing number of developments, we are seeing projects building solutions around NFTs in terms of holders' merits. In the early days, it was only but a Jpeg existing on the blockchain, thus, non-fungible. But the industry, having expanded its reach, has developed into a full body of opportunities. We now have NFT projects rewarding holders of these digital assets. They are assets, just like cryptocurrencies they hold value, thus, should be able to regenerate value right?
That is the decentralized banking we're talking about. Tokenization is such a beautiful thing when you really stop to see the reach it makes. Take the oneup community with its cartel project aimed to redistribute value to token holders, the only difference is that, this tokens aren't non-fungible, thus the only way to receive more of the distributed value is to own more of said tokens, unlike NFTs that it's value is determined by other factors, most times based on creators just live physical properties, where you could hold just a couple of NFTs and be ye qualified for some sweet drops.
I was checking through the TLV On DEFI, and once again, some thoughts fell through. The industry isn't really after what costs less(although that definitely has its own impacts), or what seems probably safer, it's more about biting more than you can chew (Big Steppers way?). I mean you would expect that people viewing Defi as an alternative for traditional banking systems would look out for stability on these on-chain savings and investments protocols, but no, there's a fuckin $20 billion dollars worth of Ethereum locked up on Curve.
All the leading assets are volatile, curve currently controls most of the volumes on the entire network, and it has AVAX as second highest assets in TVL. I seem not to see any Stablecoins shit dominating the industry there, it's almost like people got 9 balls in their guts so they just be switching each time a correction pulls the trigger.
On the NFTs dashboard you'd figure it controls $15 billion in value, with $41 million daily volume. Though people may fail to realize what is really going on, let me break it down. Cryptocurrency, DeFi AND NFTs are just a perfect fit! How the hell these developments came in place is just untold, probably call it some tech magic. Living in a digital age will require these limitless tools, and cryptocurrencies are just the only fit(at least, what we have now). Take my word for it, that real world properties will sooner or later coexist with its digital copies.
This will create an ease on the trade markets, because each asset being registered on the blockchain means there's room for easy buying and selling of properties on the internet world wide. Fiat isn't the fit payment process, neither is a CBDC, so only property chain compatible cryptocurrencies can do the job. So in a real sense, value will really be tossed around, but how?
With numerous chains existing, which will be liken to real world companies, in fact, businesses will either build their own chain to power their companies or they will result in utilizing already existing chains. That said, with properties wide spread across the globe and coexisting on numerous chains as digital assets, just like online malls, where we have numerous options of products to choose from, so depending on where you're shopping, the payment system differs.
This gives room for certain tokens to have increased market dominance, one reason why interoperability is key and most of the projects building cross chain bridges will be gold (Expo - LEO:) ). Value will be tossed around, because wherever the volume lies, or the products that capture the public eyes, the economy of cryptocurrencies accepted therein will see daily volumes from these online marketplaces.
So then, that means one can easily buy a property online as NFTs with its licenses, and pay with crypto. On savings and investments grounds, one can utilize DEFI protocols to have access to its tools for self managed banking, these are the endless possibilities in its base forms. As though technology keeps going, the world will definitely see much more to talk about…