G.T.E (GTE Innovation) merely stands for "" Exists an International Token Exchange? Not precisely. While there is a Worldwide Token (GLT), what Brown is actually referring to is the procedure of transforming digital and physical assets into publicly-traded tokens such as the ones you have been seeing lately going for unreal total up to "own" them.
Now, believe for a moment, the sports card collection you have being in your attic might be tokenized and traded. Vintage motion picture posters. Much of the nostalgia from your youth could soon be on the exchange. Believe bigger. Art. Precious jewelry. And even larger still to businesses and property.
According to Jeff, tokenization can enable you to partly own a pricey property, such as an art piece or genuine estate. Could this be completion of time-shares as we know them? Worldwide economy, you would more than likely concur that the majority of assets are owned by a single person or company.
The procedure makes good sense realistically that many people can't afford a villa themselves, so they split up the ownership among 50 other owners and each takes one week of the year to stick with two weeks reserved for upkeep and upgrades. Where timeshare is limited based on "usage" there is no limitation in tokenization as a possession can be Learn more here carved up in an infinite variety of pieces to own.
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Jeff Brown, a
