Opinion: Humanity tokenises all its assets

Billionaire and founder of the venture-capital firm Social Capital Chamath Palihapitiya expressed the view that, in the future, society will find a way to tokenize all property to increase its value.

According to him, the decentralised finance segment will help humanity avert the large losses it faces today.

The investor believes that, in the future, taxing all assets will be far easier to implement at the state level thanks to new technologies.

Palihapitiya noted that tokenisation would also create a financial equivalent of skills and experience — a person’s career. Such an asset could be used as collateral for loans and even traded.

Earlier, President having approved Bitcoin as legal tender in the Central African Republic, Faustin-Archange Touadéra, stated plans to tokenise the country’s natural resources.

In 2021, philosopher and author of the cult work ‘The Black Swan’ Nassim Taleb criticised the trading of tokenised securities.

Follow ForkLog’s Bitcoin news on our Telegram — cryptocurrency news, prices and analysis.