yuga.eth
@yuga
For Real World Assets (e.g. Real Estate) to come on-chain (e.g. as NFTs), there needs to be a way of linking the physical to the digital object in a trustless way. This seems impossible. Who is tackling this and what are the solutions?
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Aman Dhesi
@aman
This concept has never made sense to me and I’m skeptical that real world assets on chain will ever happen in a meaningful way. Blockchains can’t enforce property rights in the real world, only the legal and criminal systems can.
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Jason Badeaux
@jasonbadeaux
Just because they are reliant on courts doesn’t mean there is no value in putting RWA on open financial rails They’re still a massive improvement over the legacy system, stripping out costs while accessing more liquidity https://www.notboring.co/p/everything-is-broken
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Aman Dhesi
@aman
Agreed there is some value, but is there enough? Financial and regulatory systems have a lot of inertia so to replace them things have to be a LOT more useful. Maybe in an era of free money and ZIRP low-value things get created, but in the upcoming era of relative austerity?
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