AVAX Reddit Mentions | ChartExchange

I've been an on and off crypto investor since 2017. The thing that has kept me out of the space for a while (since the 2021 NFT boom/crash) is that the use cases for NFTs have been pretty dumb to be honest. The idea of profile pic NFTs were cool at first but quickly fizzled out. There's a gaming usecase that's exciting, but what has been missing is real-world use cases providing real-world economic gains at scale. I think that time has finally come.
Real World Asset (RWA) tokenization will be the next big megatrend and the catalyst will be US stabelcoin legislation. The GENIUS Act already passed in the Senate 68-30 last month, so its clearly accepted as a bipartisan issue. Congress has "crypto week" next week to finalize some od the concerns and ensure it passes in the House as well before being signed into law. The US government's main reason to support USD stabelcoins is that it ensures the USD stays relevant globally during the shift toward a Web 3.0 economy. Once stablecoin legislation is signed into law, it will open the floodgates for trillions of dollars of real-world assets to be brought on chain. Said differently, this is the beginning of the legitimization of asset ownership and transfers across the blockchain.
Follow the breadcrumbs over the past 15 years...Bitcoin proved the blockchain works for fungible cryptocurrency, Ethereum and smart contracts proved it works for NFTs and smart contracts. Now we're on to the next phase - tokenization of conceivably all assets of significant financial value. Why is this useful? Well, the blockchain is becoming the next iteration of the internet...with all of the interoperability between chains, assets will flow through the blockchain in a decentralized because of the efficiency that it adds to society. Imagine if the deed to your house were on the blockchain. When you go to sell it, there would zero debate over who has claim to it. No need for drawn out title searches - just a quick search in a distributed ledger woukd quickly show you own it. And when the sale is complete, the smart contract transfers the NFT of the deed to the buyer. Today there is a drawn out process of searching county clerks database and ensuring there are no open liens on property. A similar process applies to car titles and the DMV. This will be solved with instant finality on the blockchain.
Avalanche understands that this is the next wave of the big boys coming in and their blockchain is quickly becoming one the most widely accepted by large institutions for this type of RWA tokenization. Two prime examples: California DMV tokenizing all 42 million vehicles registered in the state and putting them onto their own Avalanche L1. As far as real estate, Balcony Technology Group is working with Bergen County, New Jersey to put $240 billion worth of real estate deeds onto their own Avalanche L1 over the next 5 years.
This is just the beginning. The fact that Avalanche offers entities the ability to set the governance of their own L1s will be a perfect use case for the RWA tokenization megetrend. Don't worry that AVAX is down YTD - the world is just now waking up to whats about to unfold. Buy the dip and let it grow exponentially through the next megatrend that's just now kicking off!

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