We are seeing a seismic paradigm shift taking place. The introduction of blockchain along with cryptocurrency means there are a ton more options available to everyone.
Blockchain provides a public ledger that enables anyone to see what transactions took place. Immutable and transparent are two features that cannot be overlooked.
Cryptocurrency enables any two nodes to transfer value without the need for a third party. This means no Visa, Paypal, or even Amazon is necessary.
A big part of this process is the ability to monetize everything. This takes on added importance as everything will have sensors in them. Thus, we will see a great deal of our physical world digitized. Now, we are dealing with the laws of informational technology which opens up an entirely new spectrum.
We are seeing a lot of development taking place that is going to enrich billions over the coming decade plus. There is no doubt in my mind how explosive all this is.
When we think about people monetizing themselves, we often consider celebrities. We already saw some instances where these types jumped into the game. One NBA player went so far as to try and monetize his contract through cryptocurrency. This was met with push back from the NBA but this is something that all professional sport leagues needs to get accustomed to. It is a topic that is not going away.
What if, however, you are not a professional athlete or a famous person? Does this preclude someone from embarking into the same arena?
The answer is no. One of the great things about tokenization is that anyone can do whatever anyone else is. The only difference will be the numbers.
Let us suppose, as an example, that one has a few hundred thousands in cryptocurrency holdings on the Hive blockchain. This person has a variety of tokens that were accumulated by posting, commenting, and upvoting. Of course, the reputation of the individual based upon his or her efforts would enter the picture. These factors would enter in the possible earnings going forward.
An individual could offer out tokens against the holdings of his or her account. These tokens would be backed by assets along with the potential rewards going forward. Obviously, active ones ones who are bringing in greater rewards would be able to sell more tokens at a higher price.
Thus, there could be a day where the TMast token is issued.
This really takes on a novel approach when we consider the introduction of NFTs. Let us presume an account is active on a gaming site like Splinterlands. Here we see a number of cards issued that are unique and were won by defeating a particular opponent. Obviously, these types of assets have a different value which could radically affect the value of an account.
Tokenization could take that all and determine price discovery.
To take it a bit further, let us consider the top 10 players on Splinterlands. If they all tokenized their play on that platform, people could end up buying pieces in many different players. The individuals are tokenized based upon their performance in a game that has real monetary value.
This will enable non-players to also partake in the future benefits of the platform in a passive manner.
Of course, time is something else that can be tokenized. The effort people put into particular activities can all be monetized to provide value. This is where charities and endeavors of that nature could really offer incentive to people. Volunteering could be a "rewarded" activity. It is also a great way to start grassroot movements.
Tokenization is literally going to change everything. This is because we are going to see everything tokenized.
This will lead to the development of hundreds of millions of personal tokens.
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