The post Real-world assets need real-world utility appeared on BitcoinEthereumNews.com.

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Ask anyone or look at any Twitter poll, and “real-world assets” are considered catalysts for the next bull run. While I agree with this sentiment, we must keep one thing in mind. Assets, as we have known them, have very little utility beyond speculation, and for us to reach mass appeal we have to move beyond speculation to create actual utility. Improving utility drives user adoption; as people experience the benefits of tokens in their everyday lives, they’ll begin to see them as indispensable allies in their lives. So if the next bull run is going to be sparked in part by tokenizing Real World Assets then we also must also pursue Real World Utility.  Beyond dApps to self-referential tokens Decentralized applications are still centralized thinking. While their backend uses decentralized technologies, they still operate under the traditional premise that the application is the important thing, not the token. In a dApp-centric world, the app is the utility, not the tokens. It provides the functionality and hosts the interface that provides access to those features.  For true real-world utility, we must move beyond the app and put utility into the token. All you need is a wallet; the tokens carry all other utility. The token becomes a dApp itself and carries that utility wherever it goes.  The token should be the communication channel between the issuer and the owner; it should provide the owner with all price information, and the underlying assets. It should be able to be connected to a wallet and provide the full experience sans another dApp. All of these elements increase the value of the token itself, simply by making the token self…

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Filed under: News - @ May 19, 2024 2:58 am