Who Knew ‘Debt Tokenization’ Could Be This Exciting?

TL;DR

• A handful of boring companies have launched not too long ago that actually excite us due to their impression on Web3 development.

• For instance: Coinbase introduced a brand new on-chain platform that may enable monetary property, like debt, to be purchased and bought underneath an initiative known as ‘Mission Diamond.’

• It will assist pull extra conventional monetary companies into the crypto area and develop the general worth of the crypto market, translating to more cash within the pockets of crypto holders.

Full Story

Boy, do we have now probably the most thrilling & boring information for you right this moment.

(Sure, each issues will be true without delay.)

Right here’s what we’re on about:

A handful of boring companies have launched not too long ago that actually excite us due to their impression on Web3 development.

The primary premises of most of those companies is to create simpler methods to course of previous Web2 knowledge on a blockchain.

For instance:

Expertise Innovation Institute (TII) desires to permit firms to purchase/promote/commerce carbon credit by way of the blockchain.

(Okay, sounds kinda boring).

An open world marketplace for carbon credit will assist get us to a net-zero emissions future.

(That is thrilling!).

And this week’s replace goes somewhat one thing like this:

Coinbase introduced a brand new on-chain platform that may enable monetary property, like debt, to be purchased and bought underneath an initiative known as ‘Mission Diamond.’

(Okay, sounds kinda boring).

It will assist pull extra conventional monetary companies into the crypto area and develop the general worth of the crypto market, translating to more cash within the pockets of crypto holders.

(That is thrilling!).

So what’re conventional monetary companies getting out of this?

Sooner settlements, decrease prices, and higher transparency.

(Boring for us, thrilling for them!)

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