The Future Could Indeed Be Tokenization As Genius Assets Looks To Stay Ahead Of The Curve
Essentially, tokenization removes important data from an environment and replaces it with these tokens. Most organizations have sensitive data in their systems, whether it’s credit card information, medical records, security data, or anything else which needs protection and safeguarding.
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In the future, the main goals that the team shall be working towards are launching the staking initiative, listing the utility token on notable CEXs and DEXs, releasing the Genius Assets app, allowing the asset sellers to sell their assets through the community, bringing on more institutional clients, and moving IUX to Chainlink from Ethereum. Whatever the case may be, the Genius Assets team realizes that as this sector continues to evolve, with 2020 being the year of DeFi, 2021 being the year of NFTs, this year being focused around the metaverse, and next year most likely being centered around tokenization, it is hence imperative to be able to adapt to these changes in order to continue providing real value to modern investors. Check out the Medium and Telegram channels for regular updates.
How can Genius Assets help?
Tokenization may best be defined as a solution which converts an asset’s ownership into digital tokens. These tokens function similarly to non-fungible tokens in that they behave as “shares.”
Why is this significant?
For instance, we witnessed the rise of NFTs which have since skyrocketed in terms of popularity and usage, and shortly afterwards we saw just how popular the metaverse concept has become as well. With that being said, all evidence points to the next big thing in this sector being tokenization.
We have undoubtedly come a long way ever since Bitcoin (BTC) was founded all those years ago, and although the crypto, blockchain and DeFi industry has certainly gone through many changes, it is worth discussing what the next big trend will be.
What is tokenization?
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As Genius Assets is a platform that provides access to many different asset classes, traders and investors of all kinds may thus diversify their portfolios with Genius Assets and invest in non-crypto opportunities as well. Its token, the GeniuX token (IUX), not only provides the basis for the entire ecosystem but also acts as a portion of the value regarding any given user’s investment. More information is available via the whitepaper.
Furthermore, crypto transactions are managed via blockchain, whereas tokens rely on smart contracts. They are a set of codes which allow two users to trade with one another. Every blockchain employs a different set of smart contracts, which in turn rest on top of an existing blockchain in order to make it easier to generate tokens.
What else is there to know?
Genius Assets is already planning to work alongside Chainlink in the near future and the team has even made the switch to an in-house built platform from a white label one. The inaugural Fractional Ownership Project was also successfully listed.
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Moreover, Genius Assets provides a unique opportunity to invest, purchase and transact in numerous different asset types at only a fraction of the original price. In doing so, all of the platform’s investors can earn passive income in a safe and assured way, in addition to also being allowed to maintain rights regarding a real world asset along with owning a portion of it.
As previously alluded to, the future appears to be tokenization. As such, the Genius Assets team has successfully developed a marketplace as well as connected with the blockchain. Perhaps the most intriguing aspect is that the assets that are stored within the blockchain shall be fragmented and tokenized.
Ultimately, Genius Assets hopes to help traders by constructing and subsequently maintaining a long-term income-generating ecosystem. The team, which consists of experts from varying fields like blockchain, wealth management, marketing and crypto, will therefore utilize their collective experience to build and sustain this ecosystem.
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