Tokenization of real assets

[BitMet]

Hi Kristina, thank you for raising the issues in your post. I understand your concerns regarding the tokenization of real assets and the problems associated with security and Web3 infrastructure. Indeed, there are risks and vulnerabilities that users face at the moment, such as wallet hacks and asset loss. The cryptocurrency market is volatile, and as you know, personally, I’ve only lost money in crypto, while I earn solely from software development.

It’s important to understand that tokenization of real assets and Web3 technologies are in an active development stage. In the future, we can expect improvements in security and the emergence of innovative solutions that will mitigate risks and provide reliable asset protection for users.

Many projects and teams are working on enhancing security and developing new protocols that will make Web3 usage more secure and convenient. Cryptographic methods, multi-signatures, security audits, and improved wallets are some of the measures being taken to safeguard users’ assets.

For users, it’s crucial to exercise caution and implement appropriate security measures when dealing with crypto assets. This includes choosing reliable wallets, installing reputable applications, keeping software up to date, utilizing two-factor authentication, and maintaining backup copies of information. Much information has already been written about this, but users still need constant reminders.

Overall, tokenization of real assets has the potential to transform financial markets and create new opportunities for investors. However, security and asset protection are key issues that need to be addressed to ensure trust and widespread adoption of this technology. That’s precisely what I’m currently working on in my job.

[KiberDon]

Hi, I read a long-awaited announcement on Twitter today stating that the NFT trading platform with real assets and DePin assets will be launched on June 27, 2023. This is good news. Really looking forward to getting clarification from the @mimo team on this forum

[KiberDon]

Hi, my thoughts on investing in tokenized real assets. Investing in tokenized real assets can be an additional strategy to consider when aiming to become a millionaire before retirement. Tokenization involves representing real-world assets, such as real estate, artwork, or commodities, as digital tokens on a blockchain.

Diversification: Investing in tokenized real assets allows you to diversify your investment portfolio beyond traditional asset classes like stocks and bonds. By adding tokenized real assets to your portfolio, you can potentially benefit from the performance and growth of different sectors, reducing the risk associated with a single asset class.

Accessibility: Tokenization opens up opportunities to invest in previously inaccessible or illiquid assets. For example, you can own fractional shares of high-value properties or valuable artwork that would otherwise require significant capital. This accessibility provides the potential for broader investment options and exposure to different asset classes.

Global Market Exposure: Tokenization enables investments in assets from around the world without geographical limitations. This global market exposure can offer opportunities to tap into emerging markets or sectors that show potential for growth, increasing the likelihood of higher returns on investment.

Enhanced Liquidity: Tokenization can improve liquidity by allowing fractional ownership and facilitating peer-to-peer trading on blockchain-based platforms. This liquidity makes it easier to buy or sell your investment, providing flexibility and potentially reducing transaction costs.

Transparency and Security: Blockchain technology provides transparency and immutability to tokenized assets, reducing the risk of fraud or manipulation. The decentralized nature of blockchain ensures that transaction records and ownership information are secure and accessible to all participants, enhancing trust and accountability in the investment process.

However, it’s important to note that investing in tokenized real assets also carries certain risks:

Regulatory Uncertainty: The regulatory landscape surrounding tokenized assets is still evolving in many jurisdictions. Regulations regarding security tokens, compliance, and investor protection may vary, which could impact the liquidity and transferability of tokenized assets.

Market Volatility: Like any investment, tokenized real assets can be subject to market volatility. Factors such as economic conditions, industry trends, and investor sentiment can influence the value of tokenized assets, potentially leading to fluctuations in returns.

Technological Risks: Tokenization relies on blockchain technology, which is still developing and may face technical challenges or vulnerabilities. It’s crucial to assess the security measures and protocols implemented by the platforms facilitating tokenized asset transactions to mitigate risks associated with hacking or data breaches.

[baraeva]

Hello everyone! Tokenization can be applied not only to real assets but also to intellectual property rights.

Tokenizing copyright with the help of NFTs (Non-Fungible Tokens) involves representing and digitally formalizing rights to creative works as unique tokens on the blockchain.

NFTs are a special type of token that are non-interchangeable and possess uniqueness and indivisibility. Each NFT has a unique identifier that confirms its authenticity and ownership of a specific copyrighted work.

The process of tokenizing copyright using NFTs allows authors to protect their intellectual property rights and create a digital record that confirms their ownership and control over the work. An author can create an NFT that represents their work and transfers ownership, sales rights, and usage rights of the work in digital form.

The advantages of tokenizing copyright with NFTs include:

1. Confirmation of the authenticity and authorship of the work.
2. The ability to establish and automatically enforce rules for the usage of the work.
3. The potential for monetizing copyright through NFT sales or earning royalties from subsequent sales.

NFTs with copyright can be sold or transferred to other individuals, opening up new opportunities for artists, musicians, and other content creators. They can receive compensation for their works and maintain control over their usage even after the sale.

I’ve provided a brief overview of the potential tokenization of copyright, but for comprehensive protection of intellectual property, it is necessary to work with legal professionals and establish mechanisms for transferring intellectual property rights. I haven’t personally conducted such work before.

[KiberDon]

Hi, we all saw the good news yesterday - https://nft.mimo.exchange is up and running. It is a good time for the tokenization of real assets in the iotex blockchain network. Now everyone can tokenize his real asset in the form of NFT and put it up for sale. There is now a marketplace on the iotex network for those wishing to buy tokenized assets. I look forward to testing this marketplace. I want to believe that nft.mimo.exchange will work reliably and without failures.

[kristina]

I saw a great solution in tokenization of a real asset, I suggest we take a close look at it. Everything in this solution is well thought out. Our specialists need to see how everything works in this project and adapt it to our needs.

The launch of the first NFT stamps in Scandinavian countries.

Posta is introducing a new generation of stamps, the so-called NFT stamps. This means that each physical stamp is represented by a unique digital token, known as a non-flammable token ( NFT ), which is stored in a blockchain network. This means that each stamp is truly unique and cannot be reproduced or duplicated.

This was achieved by integrating a so called “oracle“ that enables owners to not only influence the visual appearance of their digital NFT stamp, but also to capture a unique moment in time that can never be replicated again. For the first time, owners can take control, not only of their own stamps but also of the availability and rarity values in the market. This feature aims to highlights that our actions are interconnected and individual choices can have a broader impact on the world.

Each postage stamp in this series is protected by an NFC chip.

Near Field Communication (NFC) is a wireless technology standard that enables communication between two devices that are within close proximity of each other. The NFC technology opens up new possibilities for secure and easy verification of physical assets, such as collectibles, artworks, and documents, in a world where the risk of counterfeiting is increasing. With the NFT stamp, we’ve embedded encrypted NFC microchip that lets you verify the authenticity of your NFT stamp, by sending one-time messages that alters with each scan. To use this NFC feature, simply activate the NFC function on your smartphone and hold your Stamp of Maybe close to your device. Your smartphone will detect the NFC chip, and will show you if the stamp is genuine and how often the stamp has been scanned.

The technical side was handled by Variussystems, a software solutions company that developed all the digital content and blockchain integrations for this project.

I’ll add a link to an article about other crypto stam: Post offices adopting NFTs leads to a philately renaissance.

[KiberDon]

Hi, I read a retweet that @Raullen did today that said: “20,000+ connected devices across 70+ countries on the IoTeX network”.
I was very excited about this news, and I liked the interactive world map that shows the number of connected devices in each country.
I thought tokenized assets might look good on this map. But there is one problem, right now this map shows only superficial statistics, country-number of devices-EXPLORER. This information is very little to properly track the number of devices actually connected. So right now this tool is not suitable for tracking tokenized real assets in the iotex blockchain.

[vikavi]

Algorithm for using NFT and real asset as collateral.

This tweet discusses a unique loan transaction where a lender gave a stranger a $35,000 loan using a luxury watch as collateral. The borrower sent the watch to an escrow company, who issued an NFT representing ownership of the watch. The borrower listed the NFT on Arcade and accepted a loan offer. The NFT was transferred to an escrow wallet until the loan term is up or the borrower repays. If the borrower defaults, the lender can claim the watch by burning the NFT. This method allows for global liquidity and potentially better loan rates. The tweet also mentions that this is just the beginning of using NFTs to prove ownership of real-world assets.

[m1m2]

Hello everyone! Most likely, you have all already seen this interesting educational video, but I would like to share the link to it in this forum thread. In a live stream for developers, @zimne discussed a decentralized bicycle rental system and shared his thoughts. This video has it all: from exploring the concept of tokenizing real assets using the example of bike rentals to real-time coding examples.

Building a DePIN project with W3bstream

[KiberDon]

Today, the most important person on the IOTEX team @Raullen launched a Twitter poll:

Real-World Assets (#RWA) are making waves, enabling fractional ownership of real-world assets globally. The catch: off-chain processes require endorsements from traditional financial gatekeepers, which is the weakest link and introduce counterparty risks. How to overcome it?

I find it very interesting to see the responses from respected people in the IOTEX community. I will move the most interesting answers to this thread on the forum.

In turn, I would like to answer your question and offer my vision:

To overcome the challenge of offline processes and approvals from traditional financial intermediaries, blockchain technology and tokenization of real assets can be utilized.

Blockchain technology enables the creation of a decentralized and transparent system for accounting and transactions. Tokenization of real assets, representing them as digital tokens on the blockchain, facilitates easy and secure trading of fractional shares of these assets.

By applying blockchain and NFT (Non-Fungible Token) technology for the tokenization of real assets, the need for reliance on traditional financial intermediaries is eliminated, as all transactions are executed on a public and transparent blockchain. This reduces counterparty risks and enhances trust in transactions.

Blockchain technology also ensures reliable ownership records and transaction transparency, providing the ability to verify the legitimacy and authenticity of real assets represented as tokens.

[m1m2]

Hello everyone. I see great potential in tokenizing assets to expand global trade and contemporary art collections. Let me illustrate this with an example.

Let’s say a rare painting is jointly acquired at auction by a consortium of art investors from the US, China and the EU. Instead of complex legal documents dividing ownership, the painting can be tokenized into a fixed number of digital tokens representing ownership shares. These tokens can be traded seamlessly on the NFT marketplace without moving the physical painting.

Tokenization creates liquidity for investments that were once considered illiquid assets - such as artwork or real estate. Investors can easily buy and sell interests in artwork without additional taxes or fees.

Smart contracts can automate conditional transfers, such as when one investor gets a controlling interest in tokens after 5 years. Or pieces can be programmed for resale to ensure that consortium representation remains diverse over time. Fractional ownership makes valuable art more accessible.

I expect tokenized art networks to expand as collectors and investors realize the benefits of efficiency. Outdated regulations will require updates to support this innovation. But prudent governance can ensure that fair and transparent global art markets thrive.

I believe asset tokenization has enormous potential to transform the trading of art and other high-value commodities. I am currently involved in the Cultural Space Kobzar project. We have thousands of original antique objects and works by contemporary artists in our collection, so I am interested in tokenizing these assets and putting some of the artworks up for sale.

By combining physical and digital property, tokenized networks can create more open, connected international markets and funding mechanisms for significant cultural projects or partnerships.

[Albhion]

Hello everyone Shubham here,

Imagine a world where the value of your physical assets, whether it’s real estate, collectibles, or even intellectual property, can be seamlessly integrated into the digital economy. This vision is rapidly becoming a reality thanks to RWA (Real-World Asset) Tokenization. By converting tangible assets into digital tokens on a blockchain, RWA tokenization offers an array of benefits like increased liquidity, democratized access to investment opportunities, and transparent and efficient transfer mechanisms. In a digital age, the ability to bridge the gap between physical assets and the virtual economy is crucial for fostering innovation and economic growth.

One such project that is bringing evolution is Aconomy I’ve been closely observing their progress, and their vision truly resonates. Aconomy is not just adding another layer to the existing financial ecosystem; they are revolutionizing it by constructing a truly decentralized asset economy. This means a transparent, accessible, and democratized platform where anyone can tokenize their real-world assets. Their ambition doesn’t stop at creating a platform; they’re crafting an ecosystem where digital and tangible assets coexist and interact in harmony.

[KiberDon]

Hi. I am very encouraged that tokenization of real assets is finding its development and application in the real world. I am watching new trends in this direction, Token 2049 event is going on in Singapore right now.

But there is one thing that worries me. Many of us paid for our gullibility during the NFT hype, when hundreds of teams created NFT marketplaces where thousands of accounts posted millions of worthless NFTs. As a result, nobody needs these NFTs now - their buyers lost their money.

Now a similar situation is happening in the world of RWA tokenization. Hundreds of teams with no experience working with real assets are trying to “tokenize” these assets.

But tokenization requires mechanisms to confirm the authenticity of the asset, a mechanism to protect the tokenized asset from counterfeiting, from duplication, and much, much more! Otherwise, otherwise, RWA tokenization could turn into an easy way for fraudsters to take ownership of millions of real assets around the world.

I above see a description of a startup that offers RWA tokenization. I was not lazy and studied the sites of this startup and I understand that now it is an attempt to create a regular NFT-marketplace (which the team of this startup has already created before and did not achieve significant success) and tie in a new HYIP idea of RWA tokenization. But I didn’t even see the development team of this startup on the websites except for one CEO who is now on Token 2049.

Tokenization of real assets is a serious legal and technical elaboration, otherwise the owner of a real asset can very quickly lose his asset, and the buyer of a tokenized asset can easily lose his money by buying an empty token in the form of an unsecured NFT.

I propose to carefully approach the discussion of issues related to tokenization of real assets and continue the discussion in this thread. The goal of the discussion could be to create a working paper or a decentralized startup on the iotex blockchain.

[Artanovskaya]

If you are interested in DePIN you can learn more about the latest developments in the sector and compare projects by visiting DePINscan. DePINscan powered by W3bstream and IoTeX is designed to empower intelligent investors in the DePIN sector.

[m1m2]

Hello IoTeX community,

I hope this message finds you well. I wanted to share some thoughts and suggestions regarding the exciting topic of tokenization of real assets using IoTeX. As one of the early adopters of IoTeX, I believe that this technology holds immense potential, and I’m thrilled to be a part of this community.

Here is a summary of the key points from the recent forum conversation on tokenizing real assets using IoTeX:

1. Tokenization Opportunities

Tokenization provides new opportunities for managing real-world assets like real estate, art, and commodities on the blockchain through NFTs. This can enhance liquidity, accessibility, transparency, and security.

2. Technical Challenges

There are technical challenges, such as effectively marking physical assets and ensuring authenticity. IoTeX’s technology could help address this through connecting physical devices to the blockchain.

3. Legal and Regulatory Uncertainty

Legal and regulatory uncertainty remains in many jurisdictions regarding asset tokenization. Compliance and investor protections need to be considered.

4. Security Concerns

Security vulnerabilities are a concern, including wallet hacks. Caution should be exercised by users to safeguard assets. Ongoing improvements in cryptography, protocols, and wallets can enhance protections.

5. Intellectual Property Rights

Intellectual property rights like copyrights could also be tokenize, allowing creators more control and monetization opportunities.

6. New Platforms

New platforms are emerging for trading tokenized assets, like nft.mimo.exchange on IoTeX. This could open up fractional ownership and lending opportunities using NFTs as collateral.

7. Requirements for Real-World Adoption

For real-world adoption, authenticity, security, compliance, and usability need to be robust throughout the tokenization process. Teams involved should have relevant expertise across legal, technical, and asset management domains.

8. An Offering of Participation

On behalf of myself, I am ready to offer the IoTeX team (@raullen, @qevan, @larrypang, @zimne, @Artanovskaya) my participation in the creation of the “Tokenization of real assets” direction in the role of an IoTeX staff member or consultant. I have extensive experience in working with real assets. I hold a Master’s degree in Information Technology and Systems Analysis, and I am very familiar with the IoTeX project and its technologies.

To maximize IoTeX role in the tokenization of real assets, I would like to suggest the following:

1. Collaborating with Legal Experts

Collaborate with legal experts to develop compliant tokenization frameworks adapted for different asset types and jurisdictions. This will ensure that IoTeX remains compliant with evolving regulations.

2. Educating Users

Educate users on security best practices for protecting crypto wallets and assets. A well-informed community is essential for the safe adoption of tokenization.

3. Showcasing Real-World Use Cases

Showcase proven tokenization implementations across diverse assets to demonstrate real-world utility. This will build confidence in IoTeX’s capabilities.

4. Exploring Cross-Chain Interoperability

Explore cross-chain interoperability so IoTeX tokenized assets can operate across multiple networks. This will increase the reach and accessibility of IoTeX-based tokenized assets.

5. Fostering an Ecosystem

Foster an ecosystem of qualified partners covering tokenization, legal compliance, asset custodianship, insurance, exchanges, and more. A strong ecosystem will support the growth and adoption of IoTeX.

With diligent efforts across these areas, IoTeX can become a preferred blockchain for compliant and reliable tokenization of real-world assets. This can expand the IoTeX network’s capabilities and value in connecting the physical world with decentralized finance.

I look forward to seeing how our community and the IoTeX team continue to innovate and lead in this exciting field of asset tokenization.

[m1m2]

Hi, I read a great article yesterday “Guest Post: On Decentralized Physical Infrastructure Networks (DePIN)” and I want to expand on it with my thoughts and give a real detailed example of using DePIN technology in tokenizing fine art objects to connect real and virtual art galleries. I have experience with a lot of real assets, so the topic of tokenization is interesting to me as both an academic study and as a business practitioner.

The Physical Artwork:

• Each artwork (painting, sculpture, etc.) would be assigned a unique NFT representing ownership and provenance on the blockchain. The NFT would be linked to a tamper-proof RFID chip physically embedded in the artwork.

The Art Gallery DU:

• Galleries would deploy small standardized devices (DePIN Units or DUs) to enable the following:
• RFID readers to detect nearby artworks and authenticate via the NFT on blockchain
• High resolution cameras to digitize and display artworks in a virtual gallery
• Environmental sensors (temp, humidity, motion, etc.) to monitor artwork condition

Incentives & Token Model:

• Galleries earn tokens for displaying/hosting artworks and providing condition data via the DUs.
• Curators earn tokens for digitizing and adding metadata for artworks.
• Patrons earn tokens for viewing art in the virtual gallery.
• Tokens are used to pay galleries to display artworks and used by patrons to purchase art.

Consensus Protocol:

• Leverage blockchain, NFTs, and tamper-proof RFID chips for trusted verification of artwork provenance, location, digitization, and condition data.

Virtual Gallery Experience:

• Anyone can view digitized art in virtual gallery via web or VR, seeing current gallery locations and condition.
• Patrons use tokens to purchase and request delivery of artworks to their preferred galleries.
• Art is transported between galleries based on patron demand, incentivizing galleries to properly care for and display works.

In this model, DePIN allows digitization and tokenization of real fine art while incentivizing a network of real world galleries to host and care for physical works. Virtual and real world art markets are connected while artwork provenance is verifiable on the blockchain.

A few ways investors could potentially earn money by investing in fine artworks tokenized using a DePIN model:

• Appreciation in artwork value - As with traditional art investment, the intrinsic and market value of the artwork may appreciate over time. The artwork’s provenance and exhibition history recorded on blockchain via DePIN can help demonstrate its increasing value.
• Earning staking/hosting rewards - Galleries and museums can earn tokens as a reward for securely hosting and displaying artworks in their facilities. More prestigious institutions could earn higher rewards for boosting an artwork’s reputation.
• Sharing in royalty fees - A % of the token fees paid by patrons to view digitized artworks or to purchase/relocate art could be distributed to artwork owners/investors as royalties.
• Curator rewards for digitization - Experts could earn rewards for digitizing and adding metadata to artworks, with higher rewards for works they help authenticate and promote. A % could go to investors.
• Platform fees and services - The DePIN platform itself may charge small fees for artwork transactions and activities like digitization, transportation, and exhibition. A portion of platform revenues could be shared with artwork investors.
• Leveraging artwork collateral - The artwork collateralized on blockchain via DePIN could potentially be used to take loans against through DeFi protocols, allowing investors to capture liquidity without selling.
• Fractionalized ownership - Artwork NFTs could be fractionalized into smaller fungible tokens, allowing more investors to own a piece of a prestigious work and earn rewards.

In this way, investors can benefit from the various reward, commission and value enhancement systems due to the trusted provenance, digitization and liquidity that DePIN brings to fine art asset classes. This model incentivizes activities aimed at preserving the value of artworks. I know how to put it into practice.

[BitMet]

Hi. I want to raise this topic and have prepared a small review of an interesting article for this purpose.

In late July 2023, Vitalik Buterin (vitalik.eth) wrote an article titled “What do I think about biometric proof of personhood?”. As someone who develops blockchain applications and is passionate about tokenization of real assets, I always read and analyze such articles. As Iotex strives to gain its “place in the sun” I would like to share my thoughts with the community.

The article discusses different approaches to creating decentralized proof of personhood systems. These systems aim to verify that online accounts are controlled by unique real humans, without revealing their identities. The main approaches are:

1. Biometric systems like Worldcoin that use specialized hardware like iris scanners to verify humans. Pros: high privacy, hard to fake. Cons: hardware centralization risks, accessibility issues.
2. Biometric systems like Proof of Humanity that use general hardware like phone cameras. Pros: highly accessible. Cons: lower privacy, easier to fake.
3. Social graph systems like BrightID where existing users vouch for new users. Pros: no new hardware needed, pseudonymity friendly. Cons: bootstrapping challenges, social graph privacy risks.

The article argues we should take a combined approach, using specialized hardware for security, general hardware for accessibility, and social vouching for pseudonymity. All approaches have tradeoffs between values like privacy, accessibility, decentralization. More experimentation needed to find the right balance. The concept seems valuable despite risks, to provide an alternative to centralized identity systems.

In the paradigm of the material written in the article, how can these technologies be used in the tokenization of real assets and what is it for?

Based on the concepts discussed in the article, proof of personhood technologies could potentially be useful for tokenizing real assets in a few ways:

• Helping verify unique ownership of assets. The proof of personhood systems aim to verify unique real humans. A similar approach could verify real-world asset ownership by linking assets to verified identities.
• Preventing sybil attacks and fake identities in token systems. The proof of personhood approaches aim to prevent fake or duplicate identities. This could help make token systems built on real assets more secure against attacks and manipulation.
• Enabling governance rights and benefits tied to real assets. If real assets are tokenized, proof of personhood could enable the real humans verified to be owners to have governance rights like voting in a DAO managing a real asset. Or receive benefits like dividends.
• Facilitating transparent and accountable real asset transactions. By verifying real humans on both sides of transactions, proof of personhood could enable more transparent and accountable trading of tokenized real assets.
• Providing pseudonymity for asset owners. As mentioned in the article, some proof of personhood approaches allow for pseudonymity. This could allow real asset owners to get verification benefits without fully revealing their real-world identities.

Proof of personhood could be a useful primitive in building out systems and applications for tokenizing real assets in a way that ensures security, accountability, and owner rights. But as the article discusses, there are many open challenges and tradeoffs to work out.

The IoTeX community and developers can work together to address the open challenges and trade-offs associated with proving identity in real asset tokenization. This in turn will contribute to the growth and development of the IoTeX technology stack.

[baraeva]

Hi, Yulya here. I’m not really interested in real asset tokenization, but I work in the Cultural Space Kobzar and I’m a long-time follower of iotex, so I’m interested in the prosperity of these companies. We have many real assets in our collection that we will tokenize over time. I recently saw an interesting example of real estate tokenization and now I want to share it with you, because now it is important to study the experience of other projects as much as possible before launching your own.

Roofstock onChain. The offerings available through Roofstock onChain include non-fungible tokens referred to as Homes onChain, each representing a single-family property-owning limited liability company. Homes onChain are not offered through any real estate brokerage firm or agent and are not securities as defined by the U.S. Securities and Exchange Commission Act. Neither Roofstock onChain nor its agents, employees, or affiliates serve as your advisor, agent, broker, contracting agent, or fiduciary and do not provide, or offer to provide, financial, investment, legal, real estate, or tax advice.

Transacting on the blockchain, trading cybercurrency, and holding real property through a limited liability company may all have tax implications. You agree that you are solely responsible for determining what, if any, taxes apply to your transaction. All Roofstock onChain transactions are facilitated by Smart Contracts deployed on the Ethereum blockchain.

I was also interested in the possibility of providing liquidity to real assets using the Kettle portal. The platform envisions a future where every real-world asset finds its place in the digital sphere, unlocking unprecedented liquidity and value. This startup aspires to be the central hub for connecting tokenized real world assets to individuals and institutions seeking to generate value.

I want to believe that my post will be useful to our community.

[KiberDon]

Fresh news from the world of big money and asset tokenization!

JPMorgan Debuts Blockchain Collateral Settlement in BlackRock-Barclays Trade

JPMorgan’s Tokenized Collateral Network, or TCN, was used by BlackRock Inc. to turn shares in one of its money market funds into digital tokens, which were then transferred to Barclays Plc as collateral for an over-the-counter derivatives trade between the two institutions, Tyrone Lobban, head of Onyx Digital Assets at JPMorgan, said in an interview.

[kristina]

Deutsche Post, Germany’s postal service, has issued its first crypto stamp on the Polygon blockchain. The initiative combines the traditional artistry of physical stamps with NFT technology. The debut stamp in the series, featuring the iconic Brandenburg Gate, marks the beginning of the Historical Buildings collection.

Unlike the crypto stamps of other postal services, the German edition has unique features. Each physical stamp and corresponding NFT representation carries individual numbering, thanks to a unique matrix code. This ensures the authenticity and exclusivity of each crypto stamp, adding value for collectors.

The crypto stamp booklet, including the NFT version, is priced at €9.90, providing collectors with an affordable entry point into digital stamp collecting. However, it’s worth noting that the regular limited-edition stamp without the NFT component will also be available along with the crypto stamp, which is limited to 800,000 pieces.

Deutsche Post has chosen the Polygon blockchain as the basis for its NFT crypto brand. Polygon, known for its robust NFT capabilities, runs on a Proof of Stake (PoS) consensus mechanism, making it energy efficient compared to other blockchain networks. This choice is in line with Deutsche Post’s commitment to sustainability and reducing its environmental impact.

I believe that the IoTeX blockchain is as good as or even better than the Polygon blockchain, but the IoTeX team is currently neglecting the tokenization of real assets. This is a mistake, because with proper funding (small in the scale of IoTeX) the team of cultural space Kobzar can successfully implement several bright initiatives, including those with Ukrposhta (postal operator of Ukraine).