Real Vision CEO and macro guru Raoul Palshared their views on which sector of the crypto market will represent the next mainstream.
Raoul Pal, who has released a new podcast with Angelo Robles, social tokensHe noted that crypto assets that act as “equality” for blockchain-based communities will soon find themselves integrated into many popular industries such as sports and music.
“Social tokens are a way to organize complex adaptive societies, i.e. large communities. They create a reward system and/or incentive to drive network growth by being a good community member and creating value for the community.
The behavioral economy of a social token is extraordinarily strong and we will see it at scale across sports, music, guilds, skills, there are many different use cases where we will see this happen.”
According to Pal, the leading crypto asset Bitcoin (BTC) And as many crypto assets, including top altcoin Ethereum (ETH), may have growing economies built on top of them, it may not always be so clear which coins are considered “social tokens.”
“Bored Ape Yacht Club is basically a social token for Bored Ape Yacht Club holders. BTC is essentially a social token/token for people who believe in Bitcoin. People don’t like to say it, but that’s what these things really are. You can build an economy on social tokens.
They can be combined, so you can build on that, but they have value for your community and social tokens can increase in value if your community is alive and growing. It’s a very attractive way to build a layer of value above non-existent equity.”
As a result, the macro guru thinks that social tokens also serve as a way for big-name companies to create a distinctive brand.
“Brand-wise, you see Nike and Adidas entering the NFT space right now. About what? This is the abstract of the brand currently on a balance sheet. [maddi olmayan] about being. When you digitize the brand, it becomes tangible. And that’s what these tokens do.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.