Meta Force CEO Discusses Ethereum and Polygon"s Role in RWA Projects
- Lado Okhotnikov discusses the role of Ethereum and Polygon in real-world asset tokenization.
- The first successful tokenization was Tether, which has since dominated the market.
- Tokenization is expected to attract more capital and enhance liquidity in various sectors.
Lado Okhotnikov, the CEO of Meta Force, discusses the evolution of real-world asset (RWA) tokenization, highlighting its significance in the DeFi and NFT landscape. He notes that the first successful tokenization occurred with the introduction of Tether in 2012, which was pegged to the US dollar. This innovation has led to a substantial market share, with 97% of tokenized assets linked to stablecoins like USDT and USDC. However, the complexities surrounding collateral have raised concerns about the trustworthiness of these assets. Okhotnikov emphasizes the potential of tokenization to enhance liquidity, particularly in sectors like national heritage. By issuing tokens tied to cultural sites, funds can be generated for restoration projects, allowing investors to earn income through tourism without direct ownership of the assets. This innovative approach could significantly benefit both investors and the state, fostering a collaborative environment for cultural preservation. The implementation of smart contracts within the Meta Force metaverse has streamlined project development, making it easier to launch tokenization initiatives. Additionally, the integration of ZK rollups on the Polygon blockchain enhances transaction efficiency, further supporting the growth of RWA projects. Looking ahead, Okhotnikov predicts a surge in the tokenization market by 2024, with expectations of reaching its peak by mid-2025. This growth could attract more capital into the sector, ultimately transforming how real-world assets are managed and invested in, paving the way for a new era in digital finance.