What is the fundamental goal of #Web3 technology? News outlets like @Forbes, consultancy firms like @PwC, and finance titans like @jpmorgan believe the value is in real-world asset tokenization, which can streamline processes, reduce counterparty risk, and enhance access to historically inaccessible or illiquid markets. Put simply, it's about connecting Web3 to underlying economic activity—primary (raw materials), secondary (processing and manufacturing), tertiary (services), and quaternary (technology and engineering). For example, commodities have been tokenized and traded on-chain, blockchains are being used to track products through the supply chain, dApps provide easily accessible lending and borrowing services, and oracles can place guardrails on AI systems. Web3 offers a better, more trust-minimized way of facilitating these mission-critical economic components. This is the vision of tokenized real-world assets and on-chain finance: Transitioning hundreds of trillions of dollars of already-existing assets into a Web3 format and codifying the processes that facilitate them in smart contracts. The groundwork for these processes has already been laid by #DeFi protocols. This @ChainlinkGod article lays out the current state of real-world asset tokenization and on-chain finance, and explores the challenges ahead: blog.chain.link/tokenized-re… For those interested in the real-world impact of Web3, #SmartCon 2023 in Barcelona is a meeting ground for discussing what it takes to realize the vision of a Web3-enabled world. It's where Web3 gets real. Secure your ticket today: chn.lk/3KiMV0K

I made a video on stablecoins, and the most important take away was to look for protocols that use endogenous collateral. FTX using FTT token as collateral is an example of endogenous collateral. It can scale fast, but implode fast too. youtu.be/pciVQVocTYc