That said, we absolutely believe that blockchain and cryptocurrency will shape the future of the financial system. When you look beyond the noise of scam tokens, speculative NFTs, and high-profile scandals, there is significant and meaningful financial innovation happening. This extends beyond DeFi to include the tokenization of RWA, where major institutions like BlackRock and JPM Chase are actively exploring and implementing blockchain-based solutions. Numerous projects are driving real progress, and there’s a slow but steady movement toward a more decentralized and transparent financial ecosystem.
It’d be really great to be able to price predictions for various RWA at a fine grain: “Will IBM be >$240 next Friday at market close?” “Will George Alleline default on his mortgage for 46 Smiley Court?”
But manually creating and marketing these nanosecurities has too much overhead. Traditionally you’d bundle up a bunch of small stuff into a derivative, but that creates a complex instrument that’s hard to price—and then you get a Global Financial Crisis.
Block chains offer the potential to make these kinds of nano trades self-executing at scale.
Without thinking too hard, Aave is shaping to be a giant by its own as lending protocol.
Circle recently had a very successful IPO.
Farcaster and Lens are attempting to compete as social network platforms (surprisingly they lack much of the toxicity that comes on the most known ones)
And lastly don’t forget Polymarket, which is pretty well known beyond the crypto space.
The list goes on and on if you care to dig a bit deeper
Most people involved in crypto pretend it's the future and their business models depend on pumping up crypto. That might be the same for you all but I figure of anyone in the space, a group dedicated to tracking down where coins are moving for government agencies (I assume for scams/crime reasons) might not have the wool so pulled over their eyes.