Jan 11, 2024

Injective Labs CEO and co-founder Eric Chen breaks down what it means to bring real world assets on chain and what the assets represent.

Video transcript

I think it's quite simply a representation of anything that exists within the real world. Um It could be, you know, like a tokenization of it where uh you know, uh one token represents, you know, like a share or, you know, like a bushel of corn or something like that. Um Or, you know, it could represent like a very, very unique asset such as a certain collectible or certain, you know, antiquity, etcetera. Uh But all in all, you know, like uh uh what's exciting here is that there's often times a lot of, you know, compliance requirements and also more importantly, a lot of built in infrastructure and tools that are required to support these types of assets. So for example, for the Real world asset module on top of injective, it enables for this, you know, generalized a permission uh uh um kind of like token class and also asset class to be launched on top of injective while also remaining completely interoperable with all these uh um kind of existing modules and existing uh uh decentralized applications. So what this allows for is that oftentimes we're talking about like, you know, uh these type of permission applications or institutional applications on top of Ethereum, it's oftentimes have the issue of like not being composable uh with, you know, like uh uh the general like permissionless uh D I uh applications that we all know and love.

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