"The whole tokenize-everything-thing so far is one fast hype train. It is exciting not for the technical efficiencies it may provide but for the exact opposite: rent seekers seeking rent. Actually, between the lines, some projects seem to suggest to everyone: “You, too, can be a rent seeker.” - Niko Jilch
Wouldn't you want to own 1/1000th of a London apartment? Or maybe a famous work of art? Wouldn't this make ownership of these things far more efficient and be a major shift in the access of these rare and valuable items to new investors? Or are they largely a new take on the same old rent seeking behavior with no added value, and a major misunderstanding of the world we are head into? Don't miss this succinct article from Niko Jilch arguing why we will not, in fact, be "tokenizing everything."
Check out the original article on Niko's substack plus his other great writing at the link below:
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