2021–2026 : The Web 3 Ownership Evolution

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. 2021-2026. The Web3 Ownership Evolution, by Frankie. Greater than this article is basically a curve of curiosity and it is focused on how asset greater than ownership has been revolutionized by the blockchain technology statistics are derived from the DeFi Alama Live Analytics dashboard is at the 27th of August when the research was done. The RWA market on DeFi Yama looked like this. But before this volume was recorded, it was just a question, can we take traditional assets on-chain? Now we have over $34 billion in on-chain RWA market capital and about $31 billion in active MCAP with only a small fraction actually being used in DeFi the story has changed we're far past putting a traditional asset on the blockchain. We're now concerned with optimizing that asset on-chain to become financial infrastructure by figuring out how much of the ownership relationship can be programmed 2021. by the 3rd of september 2021 the total active m cap tam cap was zero dollars two days later a tam cap of 349 dollars 25 m was recorded with precious metals and carbon credits as the assets making up the active macap this test phase was to see if physical commodities like gold and environmental assets could be represented as tokenized claims precious metals were easy because they had standardized units and globally recognized value however for the carbon credits It was a different experiment entirely, as they were merely environmental claims that existed traditionally, and they were able to prove that an asset does not need to be moved on chain for its economic claim to be represented there before all this. In April 2021, Benji token was used to represent a share of the Franklin US government money fund, which was launched on Stellar by Franklin Templeton. He used the blockchain as a means to record ownership of the fund and experiment I would describe as the beginning of tokenized ownership. Let's drift off a little when you buy a stock in traditional finance. There's no place your name is written as owner of the stock. There are layers of custody. A chain of ownership look at Apple Inc. For example, if you buy a share of Apple through a brokerage account, a financial account set up with a licensed firm that allows you to buy and sell investments like stocks, bonds, etc. This is what the ownership trail looks like. The transfer agent. People who maintain official records of transactions. Seed & Company, the legal owner. DTC, the electronic vault. Your brokerage firm, a DTC participant. You, the beneficial owner. The transfer agent is in charge of issuing the stock from Apple Inc. listing Seed & Company as the owner, and DTC holds the legal title to the physical asset in a central vault. Your broker, E.G. Bamboo claims a chunk of the shares, and then when you purchase a part of it your name is listed as a beneficial owner on the brokerbooks but with the blockchain, it's a completely different architecture 2022. The RWA market expanded over $800 million in TAMCAP. A plus 400M on what was recorded in 2021 private credit on-chain became a thing several protocols like Maple