Crypto Wealth Wave (Part 2)

Crypto Wealth Wave (Part 2)

Digital Disruption: How Blockchain Reshapes Consumer Applications

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In our inaugural article, "Crypto Wealth Wave: Ride the Next Technological Tsunami," we introduced the transformative impact of cryptocurrencies and blockchain. Now, let’s delve into how blockchain enables a new concept of digital property rights and how consumer applications are being rewired by this breakthrough.

The Evolution of Property Rights in the Digital Age:

Blockchain-based “tokens” are a new digital primitive being adopted by consumer applications to confer digital object ownership to individuals. Previously, digital consumers were merely “renters” or “borrowers” from Big Tech, causing all the upside in digital innovation to be captured by the internet’s oligarchs; the emergence of the S&P 500’s “Magnificent Seven” (Apple, Amazon, Alphabet, NVIDIA, Meta, Microsoft, & Tesla) which now account for 29% of the index demonstrates this phenomenon. Blockchain inverts digital value capture by distributing network ownership to the edges; value flows primarily to the individuals (the digital asset holders), rather than the platform (the corporation).

Property rights have long been foundational to economic growth and innovation. Historically, regions with robust property rights, such as the US with Wall Street and Silicon Valley, have thrived as epicenters of investment and creativity. Around the world, we see a direct relationship between property rights and wealth creation. Today, blockchain technology is catalyzing a similar transformation in the digital world, shifting it from an “internet of information” to an "internet of value." 

If Web2 was the “social-web” where users could “Read & Write”, Web3 is the “value-web” where users “Read, Write, & Own”. 

Finance, Media, Gaming, & Gambling, are several sectors of Consumer Applications that are being disrupted by blockchain-based networks with digital property rights.

Disclaimer:

Please note that the following examples are provided for illustrative purposes only. They are not endorsements of any specific platforms or tokens, nor do they imply ownership or investment by our fund in these particular digital assets.

Revolutionizing Finance with DeFi:

Imagine a financial world without intermediaries. Think more liquid, more connected, more instant, more cost-efficient markets with no intermediary gate-keepers or rent-seekers - it's a financial revolution at everyone’s fingertips. What Robinhood promised, crypto delivers; equal and transparent access to financial markets for all. 

DeFi project, Frax Finance ($FRAX), showcases this with their completely trustless, peer-to-peer, trading, lending, & borrowing. 

Empowering Media Creators and Consumers:

No more structural dependencies on Big Tech for product distribution. In the world of crypto, artists interact directly with consumers. Creators receive a greater share of revenue, and consumers, owning their media, now have greater incentives to invest and promote artists. It's a win-win in the digital media space.

Elacity ($ELA), a blockchain-based digital media marketplace, gives creators a new way to monetize their media by providing digital scarcity and ownership of media via cryptography. Consumers can buy and sell scarce digital media from their favorite artists while artists receive guaranteed royalties on every sale — all without any intermediaries.

True Ownership, Real Value for Gamers:

Gone are the days of virtual assets with no real value. In the gaming industry, blockchain enables true ownership of in-game items. Gamers can now generate economic value from their participation, creating attractive incentives that go beyond the status quo.

In the gaming industry, Merit Circle ($BEAM) is making waves by enabling true digital ownership and economic participation for gamers. Players can earn, trade, and invest in gaming assets with real-world value, highlighting a significant shift from traditional gaming paradigms.

Fair and Transparent Gambling:

Blockchain makes odds and algorithms publicly auditable. In the world of crypto gambling, users are guaranteed fair outcomes, and regulators are freed from manual oversight costs. It's a transparent, fair, and auditable gambling experience.

Rollbit ($RLB), a blockchain-based online casino, uses provably-fair cryptography to guarantee users a fair gaming experience, upending the status quo of opaque odds in online gambling.    

Embracing the Future:

The effects of this revolution are not mere conjecture; they are the logical outcomes of a shift towards digital sovereignty. As property rights find their digital equivalent, the effects unfold — a world where individuals move from digital serfdom to digital sovereignty and innovation thrives.

If the past has shown us that technological revolutions and new forms of property rights breed financial prosperity, then embracing blockchain technology positions individuals not merely as witnesses, but as active participants with lucrative stakes in the emerging “internet of value”. 

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