Why Does Crypto Need Real World Assets to Grow? | EP 31
Good Game
Introduction
Exploring the importance of real world assets (RWAs) in the crypto space, including their potential for securitization and the efficiency gains they can bring to protocols. The hosts also discuss the future potential of rural assets and the need for a regulatory framework in this emerging space.
Imran and Qiao bring on Scott Lewis to discuss the growing trend of tokenizing real world assets.
No BS crypto insight for founders.
Timestamps
(00:00) Intro
(00:51) Welcome to Good Game
(01:15) What we are going to talk about today
(01:54) Real world assets gaining traction in DeFi
(03:26) Rapid growth of RWAs in Maker and other protocols
(04:29) Stablecoins settling over $11 trillion on chain
(06:32) Interesting data points about stablecoin usage
(08:41) Factors contributing to the success of crypto payment startups
(09:47) Challenges faced by early attempts at crypto payments
(11:18) Commercialization of real world asset utility through startups
(12:36) Importance of understanding demand before tokenizing assets
(14:25) Tokenizing treasury bills as a potential asset class
(20:24) Potential tokenization of collectibles like Pokemon and Magic: The Gathering cards
(22:26) Appreciation of collectible cards and nostalgia driving demand
(23:44) Nikita Bier's tweet on belief in crypto and global events
(24:10) Potential demand for tokenized gold.
(25:52) Tokenized carbon credits and their potential on-chain.
(27:49) Tokenizing assets without a liquid secondary market.
(29:01) Composability of RWAs with DeFi protocols.
(31:21) MakerDAO's plan to create a new brand and extending capital base into real-world assets.
(35:50) Let's bring on Scott Lewis
(37:43) Lack of strong thesis on why tokenizing assets makes sense
(38:24) Scott's background
(41:25) Scott's interest in real world assets due to solving important problems
(41:43) Tokenizing assets provides open liquidity and transparency
(44:39) KYC/AML requirements vary for different issuers and money markets
(45:20) Real world assets in DeFi are a hybrid of centralized and decentralized
(46:59) Gabriel Shapiro's tweet - 3 types of RWAs that exist
(48:29) Scott's role as a builder of infrastructure for real world assets
(48:42) Discussion about representing builders
(49:48) The difference between tokenizing stocks and US Treasuries
(51:05) Excitement about tokenizing specific asset classes
(54:24) Question about the demand for on-chain T-bills
(55:45) Underground trading groups and interest rates as a tailwind for DeFi
(57:28) Discussion on the demand for traditional assets in DeFi
(59:55) Bullish or bearish on tokenizing real estate?
(01:00:11) Uncertainty about tokenizing precious metals and collectibles
(01:00:29) Pokemon cards and Magic: The Gathering cards discussed
(01:02:05) Speculators vs end collectors in the collectibles market
(01:02:46) Making access to real world assets easier
(01:05:38) Debate on the importance of real world assets in crypto
(01:08:36) Demand and cost efficiencies driving real world asset tokenization
(01:12:01) The next asset class that is most likely to get tokenized and succeed on-chain
(01:13:31) Music NFTs and their potential in the market
Scott Lewis Twitter: https://x.com/scott_lew_is
Spotify: https://spoti.fi/3N675w3
Apple Podcast: https://apple.co/3snLsxU
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DISCLAIMER: The views expressed herein are personal to the speaker(s) and do not necessarily reflect the views of any other person or entity. Discussions and answers to questions are intended as generalized, non-personalized information. Nothing herein should be construed or relied upon as investment, legal, tax, or other advice.
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