Opinion: After $TRUMP, the tokenization wave from traditional giants may explode
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Opinion: After $TRUMP, the tokenization wave from traditional giants may explode
When the broader potential of blockchain technology is widely accepted, many current tokens and projects lacking real value will die out.
Navigating Web3 tides with focused insightsAuthor: Jeff Dorman
Translation: TechFlow
The market is going wild over the $TRUMP token, completely missing the point. Here's why this is a massive long-term positive for the entire industry (and it has nothing to do with the $TRUMP token itself).
First, for over three years, U.S. token issuers and investors have been paralyzed by regulatory concerns. Now, when the President himself is both a token issuer and investor, those fears naturally vanish.
Just because the President launched a meme token doesn't mean the world will only focus on meme tokens. While Trump has demonstrated the technology's feasibility, he has only showcased one narrow use case. Yet potential token issuers and investors can see far beyond this limited application.
@jdorman81: FWIW — the following two points can simultaneously be true:
1) Many businesses or projects built using blockchain technology operate in areas that are currently (or potentially) useful, such as gaming, finance, and AI.
2) Meme tokens, while entertaining, serve entirely different purposes.
Not everything built on similar technology needs to be categorized the same way.
The internet boom initially stemmed from ".com companies"—businesses that existed solely because of the internet. However, most ultimately failed. The real growth of the internet came when non-internet-native companies began leveraging it. Today, every company can be considered a ".com company." Walmart, Domino’s, JPMorgan Chase—all are now seen as ".com companies."
The TRUMP token sends a signal to all corporations, municipal entities, universities, and personal brands: cryptocurrencies can now serve as tools for capital formation and user engagement.
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New York City will have its own token
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Harvard University will have its own token
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Netflix will have its own token
We are now officially leaving behind blockchain’s ".crypto phase." So far, all crypto use cases have originated from crypto-native companies. From now on, the world will creatively adopt tokens.
As broader acceptance unfolds for blockchain’s wider potential, many current tokens and projects lacking real utility will die off—but the largest and best projects will thrive, driven by millions of new investors, issuers, and users.
If you're an investment banker, it's time to start designing token strategies for your clients.
Friday night's price action might make crypto seem like a joke, with only the blockchains issuing joke tokens (like $SOL) appearing to win. But this view is extremely short-sighted—it reflects low weekend liquidity more than anything else.
To those who think this is a "top of the cycle," your perspective is absurd. PTSD is real, and many of you, scarred by 2022, simply cannot envision what happens in a crypto-friendly environment.
In conclusion, while I personally have little interest in meme tokens or the TRUMP token, I am deeply focused on blockchain’s future applications—and the U.S. President has just paved the way for all these possibilities.
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