mash

Tokenized stocks are still Wall Street, and there will only ever be one GME on Ethereum. Tokenized equities do open up equity investing to a broader amount of the world's population - but they are still Wall Street. They are still directly tied to a moated system that can choose to introduce more supply. Mankind has consistently repeated certain behaviors in all of its existence. One of the most prominent behaviors is that given the option, those in positions of power will give in to the temptation to gift themselves value at the expense of asset holders. Whether it's fiat currency like the dollar or shares of a publicly traded company. For this reason, humans have consistently assigned the ultimate value to assets that are difficult or impossible to reproduce. An Ethereum token is impossible to reproduce. As adoption and understanding around digital assets grows, the world will come to learn that a renounced token contract means the ability to mint additional supply does not exist. Markets will see the value in tying that mechanism to a brand. I believe not just public companies, but all brands will end up with a free floating token tied to them. One that trades on the actual heartbeat of the brand. Market participants will celebrate the guarantee there is no option to dilute them, ever. Like I have mentioned in previous posts, it is virtually impossible to guess the markets that will be spawned by emerging tech, and betting on the trend is likely your best bet. It is highly probable smart contract chains and the tokens on them will continue to grow and I agree with @fundstrat that Ethereum will continue to be the market leader, largely due to its first mover advantage and financial institutions choosing ETH to build on (@ robinhood). In order for brands to gain exposure and receive value from their namesake and IP, they will be forced to take positions in their token. I believe brands bringing their token to market is unlikely, due to the challenges that surround a high profile token launch and fair distribution, as well as regulatory concerns. A brand issuing the token and allocating itself free supply will likely be viewed as extracting value, and could be viewed by regulators as issuing a financial product. Conversely, a brand who acquires its token on market will be championed by market participants, and is the opinion of industry attorneys this method sidesteps regulatory scrutiny, likely to be viewed the same as putting an asset like Bitcoin (BTC) on their balance sheet. Like a company launching a web site and embracing the internet in the late 90’s, those who are first to move will pick the low hanging fruit and receive the most value. Owning a brand / community token on ETH will be like buying .com’s in the early 90’s. The future is hard to predict, but scarcity has always attracted value, and there will only ever be one @GMEethereum .