6 months ago

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So if you don’t already know what real world asset tokenization is, it’s basically the process of converting ownership of assets in the real world into a digital form, like a digital token or NFT on the blockchain. Any tangible or intangible asset can be tokenized from real estate to art, and even intellectual property. That sounds cool, but why would anyone want to digitize their real world assets? What’s the purpose of doing this?

About Quant:

QUANT is a project that provides a gateway between real world businesses or organizations, and blockchains. To be more specific, the Quant network allows organizations to connect to multiple different blockchains. The fact is that not all blockchains use the same coding languages, and many of their networks have a unique structure with a specific purpose. This makes it difficult for blockchains to communicate with each other, and transferring data between different networks becomes a challenge. QUANT was invented as a way to connect organizations to blockchains, and blockchains to each other. With the overall goal being efficient data transfer across different network systems.

About Chainlink:

CHAINLINK connects existing systems in the real world to blockchains. They’ve established a system for taking real world data that’s off-chain and transferring it on-chain. And this is done through what are called Oracle, which connect the blockchain to external systems. Many DeFi and crypto projects are actually making use of Chain Link oracles to pull live data feeds into their protocols, like the live price of an asset.

If you have any questions just comment below and I'll be sure to get back to you.

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📚 CHAPTERS:
0:00 - Massive Shift in Crypto
0:56 - What is RWA Tokenization?
1:46 - Fractional Ownership
2:28 - Chainlink's Role in Tokenization
3:23 - Quant's Role in Tokenization
4:23 - Conclusion

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DISCLAIMER: All of the information presented is strictly for educational and entertainment purposes, nothing should be taken as legal or financial advice. The video content represents the opinions and experiences of the speaker (Summer). Investments in both crypto-related and real world assets pose a certain degree of risk and this content will never suggest or recommend any type of investments. Please do you own research and asses your personal situation before making any financial decisions.

Stay safe everyone!

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