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If you could invest in ANYTHING using blockchain, what would it be?

If you could invest in ANYTHING using blockchain, what would it be?

All Cryptocurrencies

by COINS NEWS 12 Views

Would you put money on the appreciation of the Tour de France champion 1963 Ferrari 250 GTO? The real Heart of the Ocean referenced in the movie Titanic? What if the owner of the PSA 9 Mint Pikachu Illustrator card could create a token that follows its value? We all know how quickly Pokemon cards are appreciating these days...

Here’s where Standard Tokenization Protocol (STP) comes in. STP allows for users to tokenize real-world assets that may otherwise be impossible for retail investors to purchase by creating what is called a synthetic. Think of a synthetic as a stock that can be traded on blockchain.

STP’s usefulness in the crypto-to-asset investing scene is amplified due to the fact that it is on the Polkadot (DOT) blockchain. DOT is known for improving on previous blockchain protocols by making it cheaper and faster to transfer crypto cross-blockchain. Because STP is on the DOT chain, the tokenized asset can easily be traded across multiple blockchain protocols.

STP’s token, Standard Tokenization Protocol Token (STPT), can be used in the STP ecosystem as a payment for services provided by the protocol.

Keeping that in mind, do you have a valued item you would be interested in tokenizing? If there was one thing you knew would increase in value but you couldn’t afford right now, would you buy it as a cryptocurrency?

submitted by /u/TwelveFoldK
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