Tokenized infrastructure and untapped opportunities for NFTs
Recent years have demonstrated the popularity of NFTs and the potential for new forms of tokenized infrastructure to play an important role in the future of finance, bringing new efficiencies and democratizing access to assets.
The potential for NFTs to disrupt traditional asset classes is huge, offering new avenues of investment and ownership. The growth of the NFT market, projected to reach $1.3 billion by 2023, is a testament to the growing demand for tokenized assets. As the technology and infrastructure around tokenization and NFTs continue to evolve, it is likely that we will see an increasing number of asset classes being tokenized, leading to a more efficient and accessible financial system.
At its core, tokenization is the process of taking an asset and representing it as a digital token on a blockchain. tokenized infrastructure, in the form of tokenized hashrate, is a recent development that provides a way for individuals to gain exposure to both bitcoin and bitcoin mining without having to purchase and operate expensive mining hardware themselves.
Open up new realms of possibility
Given the ease of purchase, market-grade liquidity, and low barriers to entry, hashrate tokens are a great way for people to gain exposure to the mining sector and provide access to a wider range of income streams. In addition, the tokenization of sustainable infrastructure can solve some of the fundamental challenges in the financing of the asset class, such as lack of liquidity, high transaction costs and limited transparency, as well as solving power supply problems, ecological concerns and future-proofing the industry as a whole.
Tokenized infrastructure also opens up a world of new opportunities for the financial industry. A number of initiatives are already underway to explore the full potential of tokenizing traditionally indivisible assets.
Although tokenization offers a number of opportunities, there is still an urgent need for consistent global regulation and the development of production-based solutions. As investment in tokenization technology intensifies and its benefits become increasingly apparent, financial institutions will be encouraged to strategize and plan the necessary infrastructure – to position themselves for success in tomorrow’s tokenized finance.
The Cudos blockchain is designed from the ground up to support tokenized infrastructure development. Cudos leverages cutting-edge technology to create a scalable, fast and secure network that has cross-chain interoperability at its core to handle the demands of modern financial transactions. As a highly modular blockchain, Cudos allows developers to build custom applications that can take advantage of its powerful underlying infrastructure, making it an ideal solution for projects supporting tokenized infrastructure.
An NFT marketplace for Hashrate collectibles
Aura Pool is the world’s first NFT marketplace for hashrate collectibles, leveraging tokenization to bring liquidity to otherwise illiquid assets by tokenizing hashrate. Hashrate is the total amount of computational power used to process and verify transactions on blockchains like Bitcoin. Aura Pool uses NFTs to allow miners to trade their clean energy hashrate via a sustainable marketplace that rewards environmentally friendly mining, while on the buyer side, it provides individuals and organizations with a unique opportunity to tap into this nascent ecosystem. Delux3, a renowned artist and former designer of a major global clothing brand, will debut the first hashrate collection at Aura Pool in March.
Importantly, Aura Pool removes all the technical complexities associated with Bitcoin mining for all Bitcoin enthusiasts. While traditional hashrate contracts are illiquid, Aura Pool brings liquidity through digital hashrate collectibles, using NFTs as the way to verify ownership of the underlying hashrate and collectible. As an Aura Pool member, you will enjoy exclusive early access to upcoming NFT drops from leading artists.
In addition to enabling users to browse, buy and exchange hashrate collections, the marketplace will also offer a gaming feature. With the ability to engage in daily battles over each other’s hashrate, Aura Pool creates an entertaining gaming experience that expands the marketplace’s potential for future metaverse features. By including gaming in the mix, NFT and CUDOS token holders will have voting rights that will ultimately determine the direction of future gaming development. The implications of this integration are huge, as the community will be able to direct the development and evolution of the gameplay element of Aura Pool directly. With its unique blend of cutting-edge technology and immersive gameplay, this development represents a significant step forward in the evolution of both cryptocurrency and gaming.
Recent years have demonstrated the popularity of NFTs and the potential for new forms of tokenized infrastructure to play an important role in the future of finance, bringing new efficiencies and democratizing access to assets. Aura Pool is a great example of how this vision is being brought to life, using the Cudos blockchain to provide the underlying infrastructure for a new and sustainable trend in tokenization.
