Charles Hoskinson, a prominent figure in the blockchain space, is advocating for the implementation of full Web3 systems to tap into the $10 trillion tokenization market. He criticizes the reliance on limited pilot projects, emphasizing the need for comprehensive solutions. Hoskinson points to Cardano and XRP as examples of platforms focusing on end-to-end design and robust community support, contrasting them with traditional finance's preference for incremental upgrades.
Hoskinson also comments on the Depository Trust & Clearing Corporation's (DTCC) tokenized Treasury tests, suggesting they represent an evolutionary rather than disruptive approach. He believes that market performance will ultimately determine which strategy—comprehensive Web3 systems or traditional finance's gradual evolution—will effectively scale in the burgeoning tokenization sector.
Hoskinson Urges Comprehensive Web3 Systems for $10 Trillion Tokenization
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
