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203. Insights: Our crypto predictions for 2024
Blockchain Insider Podcast by 11:FS
Evolution of NFTs and Real World Assets
NFTs have seen a significant shift from high-value to low-cost, enabling the issuance of micro NFTs for various purposes. The widespread adoption of NFTs could lead to the digitization of social actions and credits, offering a decentralized alternative to central authority awards. The rise of NFTs has spurred renewed interest in Bitcoin development but has also led to increased fees and challenges for low-value transactions. There are mixed views on central bank digital currencies (CBDCs) due to privacy concerns, although stablecoin use has been growing. Real world assets present a challenge related to the redemption of tokens for physical goods, with the discount rate being tied to the probability of successful redemption. Solving the challenge of physical redemption is crucial for real world asset adoption.
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