With the strong rebound of Bitcoin at the end of this year, the cryptocurrency market has further flourished. 21Shares' parent company 21.co, one of the world's largest cryptocurrency exchange-traded products (ETP) issuers, recently released the "2023 Token Financialization Status Report"
Overview of current global tokenization market data
1. US$118.6 billion: The value of global public chain crypto assets has reached approximately US$118.6 billion, of which Ethereum accounts for more than 58% of all tokenized assets, or US$69.16 billion. It has the most dynamic crypto ecosystem, with more than 6 million daily active users and nearly 6,000 monthly active developers; Tron ranks second with more than US$45 billion in tokenized assets, while Solana ranks third.
2. 431 million: The number of crypto users worldwide has reached 431 million, accounting for approximately 5.36% of the world’s population. This figure is equivalent to the level of Internet adoption in 2000, when the number of Internet users reached 361 million, accounting for 5.91% of the world’s population at the time.
3. $3.5-10 trillion: It is estimated that by 2030, the market value of global tokenized assets will be between $3.5 trillion in a bear market scenario and $10 trillion in a bull market scenario. This market value is based on the estimated penetration of the total addressable market of various asset classes.
Why do creators want to turn their works into assets on the chain?
Creator Economy and Industry Impact
Creator economy: In 2023, the creator economy will become an important economic component. Content creators on multiple platforms have had a significant impact on public issues such as climate change and gender equality through videos, blogs, social media, etc. For example, popular science videos on YouTube can increase public awareness of scientific issues. Second, individual creators are able to earn income directly from their works. For example, Patreon, OnlyFans, X, YouTube and other platforms.
Industry Impact: Creators provide unique perspectives and expertise. Through videos, blogs, social media, etc., they have had a significant impact on public issues such as climate change and gender equality. For example, popular science videos on YouTube can increase public awareness of scientific issues. There are other industries (e.g. technology, education, entertainment) that have had a significant impact.
How is Web3 social networking currently done?
The author Yoni2024.PoPP @Yoni_wn made some conclusions about financial attributes and value consensus.
If Web3 social products lack financial attributes and value consensus, I think it will be difficult for users to accept them. There are many popular ways to play:
1. Tag traffic category; 2. Krypton gold holding category; 3. Community content category.
Original link: https://echo.popp.club/echo/75/1/1740011231474655232
Use cases enabled by PoPP Echo
1. Make content a private asset:
Creators tokenize their works by putting content on the chain through Echo, which is in line with the scarcity of digital creations.
2. Evolution of distribution + incentive methods:
"Distribution" is the way your content reaches users. Through the ownership record of Echo on the chain, users' support for creators will become an investment behavior. Users can invest 1 share in your Echo to collect (invest). As the tokens in the collection (investment) pool increase, the user's investment of 1 share will also receive a corresponding proportion of income.
Enter Echo: https://echo.popp.club/
Summarize
Use cases such as stablecoins have demonstrated the potential of tokenization, but we are still in the experimental stage of this innovation. As the digital asset space matures, it is bound to become more integrated with the traditional financial system, similar to the Internet.
We expect creators to be able to seamlessly integrate with crypto platforms and build a healthy ecosystem so that tokenization can grow into a trillion-dollar industry that impacts billions of people around the world.
Disclaimer: This article does not constitute any investment advice!
