From the tokenization of real estate, equities and gold to launch day on the Tron network, here’s a look at some of the stories breaking in the world of crypto.
Crypto Market
Power Ledger’s blockchain economist Anya Nova says crypto has the potential to transform society through the tokenization of $278 trillion in assets. In a new post outlining the promise of security tokens, Nova says the true benefits will be realized over time.
“I’ve been following security tokens closely for the past few months. In the process, I’ve been exposed to some pretty controversial ideas and met some pretty colorful characters. Some claim that security tokens will end poverty as we know it. It’s a nice thought. But poverty has many causes and access to investment opportunities, or lack thereof, is just one of them.
Sure, security tokens make access to investment opportunities easier. But this should not be the end goal. It’s the quality of those opportunities that matter. If you take a bad investment and put a token on top of it, it is still a bad investment. A pessimistic view is that security tokens will give rise to many useless investments that’ll compete for our attention in an already crowded space.
So will security tokens democratize finance and lift millions out of poverty? No, at least not right away. But will they transform how we live? Absolutely. Why? Because there is just so much to tokenize: $217 trillion dollars in real estate, $55 trillion dollars in equities, $6 trillion dollars in gold.”
Bitcoin, Ripple and XRP, Ethereum and Litecoin
Sabine Bertram from the Ripple-backed micro-payments startup Coil introduces new web app that can pay people in crypto for answering survey questions.
The proof of concept is called ILP-Surveys and is designed to use the Interledger Protocol to pay participants in XRP, Bitcoin, Litecoin, Ethereum, Paypal and Venmo.
Tron
The Tron-based BitTorrent Token (BTT) launches today. BTT will be on sale at Binance Launchpad ahead of its integration with the BitTorrent file-sharing platform. The token will act as a general way to transfer value among BitTorrent’s 100 million users.
Tron CEO Justin Sun will also host a livestream update on the BitTorrent Token at 10:30 p.m. GMT+8.
Dash
Dash is now available on the Binance-backed Trust Wallet.
Dash is the 14th digital asset supported by the wallet, in addition to Bitcoin, Ethereum, Bitcoin Cash, Tron, Litecoin, Ethereum Classic, GoChain, POA Network, VeChain, Wanchain, Callisto, ICON and TomoChain.
Zilliqa
Upbit, one of South Korea’s largest crypto exchanges, has announced support for Zilliqa’s mainnet token swap. Zilliqa’s mainnet launch on January 31 will include a host of features and protection mechanisms designed to minimize the chance of attacks on the network.