What you think about RWA(real world asset) tokens?
More and more cryptocurrencies are being adopted en masse, I only read from various references that Bitcoin used to be given for free.
Now tokens are created with backups from Real World Assets (RWA), it seems like the times are reversed.
For example based on any production enterprise. I think these tokens might be the most insured in crypto sector but can RWA tokens compete against memetokens now? Cause at least memetokens ads is incredible
It is riskier for Real World Assets (RWA) to be created to tokens with full anonymity in the cryptocurrency environment.
For example, I will give an example with land.
- Land is certainly valuable in this world.
- Even without cryptocurrency, land has always been valuable.
- So why now do valuable land want to be backed up with cryptocurrency?
Land in the real world that has a certificate is certainly legal and safe to own, if there is misuse of the land, the real evidence is in the certificate.
If land is backed up to cryptocurrency under the pretext of the Real World Assets (RWA) system, then the cryptocurrency assets are lost or hacked, then who will be responsible?