Tokenizing Everything on Ethereum.

tradealert (60)in #ethereum • 6 years ago (edited)

Hi investors, let's talk about how Ethereum is on the path to tokenizing every asset imaginable.

Ethereum.

Yesterday, the team behind the 0x protocol announced the launch of 0x version 2.0.

For those unfamiliar with 0x (pronounced zero-ex), it's an infrastructure for building decentralized exchanges (called relayers) on Ethereum.

Many 0x relayers are already live and some might be familiar to you:

We actually did a user guide on how to use Radar Relay which you can use to trade directly and securely from your LEDGER hardware wallet or Metamask.

Relayers come in many shapes, fees and forms but all have the same purpose, facilitating the exchange of Ethereum-based tokens.

Ethereum tokens come in various forms called standards.

A token standard is basically a bug-free (in principle) template of code for creating a token. Standards emerge through constant process of trial and error done by Ethereum developers.

The most common ERC standard is the infamous ERC-20 token standard which has been used by 99% of ICO to create their tokens.

However, other standards exist.

For example the ERC-721 standard allows for the creation of non-fungible Ethereum tokens.

Unlike ERC-20 tokens which are completely interchangeable (1 = 1), non--fungible tokens (ERC-721) are unique and thus can be used to track ownership of (also unique) crypto collectibles like Krypto Kitties...

...or virtual LANDS on Decentraland.

Until recently, ERC-721 were confined to their particular dApp ecosystem but thanks to the hard work of the team behind 0x, crypto collectibles can now be traded directly on the protocol via relayers in a fast and trust-less way.

This new addition to the Ethereum financial ecosystem is particularly exciting.

While most of the crypto market was busy bickering over ICOs, the price of ETH and scalability issues, innovative teams have been laying out the ground work for the emergence of a true decentralized financial infrastructure on Ethereum and many haven't done an ICO nor do they use a token.

Take a glimpse at the ecosystem:

Time will tell.

Back to you investors, do you think newer smart contract platforms like EOS or Tezos will be able to quickly produce a richer ecosystem's than Ethereum?

Until then,

FØx.

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