The Silicon Valley VC Andreeseen Horowitz has launched a new VC fund with US$300M AUM exclusively for cyrptogoods.
Yes, you see that I use the word “cryptogoods”. It is a new phrase used by Chris Dixon in his announcement of the launch of the US$300M VC fund (https://a16zcrypto.com/2018/06/introducing-a16z-crypto/).
I believe that we are in an era of tokenization of assets, transforming them into “cryptogoods”.
We used to be in the era of securitization of assets. The sub prime crisis in the US 10 years ago was an excellent example showing how securitization of poor quality assets might end up badly. The financial world has learned a lesson in securitization, and so as regulators, governments, research institutions, etc.
I believe that the human civilization is now in a better position to tokenize assets into cryptogoods than it was with securitization 10 years ago. We have learned a painful lesson during the subprime mortgage loan crisis. We are now learning new lessons during the early days of ICOs where 80% of projects are said to be dead. We have not, however, stopped learning from our mistakes.
The cryptocurrency community will keep on learning, developing and building meaningful applications.
Evolution of fintech never stops.
Source: ACOYA
