It's the new digital receipt people don't realize they need badly. Imagine every digital asset you buy (music, movies and shows, VIDEO GAMES AND ALL THEIR MICROTRANSACTIONS) and apply a receipt to it that can allow the ownership of your asset to not only be authenticated, but authorized for trade and resale. Now be the company who owns the marketplace that gets a 5% stake on EVERY transaction on your storefront, and you'll start to see the big money potential here.
Now take all that thinking, and apply it to the stock market. A fully decentralized stock exchange where your stocks are NFTs, your trades are completed instantly, and the only middle man is the measly transaction fee from the GME NFT marketplace. No more brokers. No more banks. Just people trading from one currency to the next, just as stocks go from liquid to illiquid. You own the shares, companies are actually valued as they should be and not how Wall Street deems it.
NFTs are the future, people have literally been duped into thinking receipts are pointless. Try returning or selling items without it.
Thing is though the stock market is a huge scam. The only people that should "own" a company are those that created it, purchased it, or inherited it. I shouldn't "own" Gamestop - I was never an original investor. I've never worked for them, nor have I ever been a vendor for them. The stock market is a great way for the hedge funds/brokers/banks to make a shit-ton of money without actually having to steal it.
Loopring (a Gamestop unconfirmed partner) has this patent for digital asset transactions:
G06Q40/04 - Exchange, e.g. stocks, commodities, derivatives or currency exchange
Subject matter including the trading or exchange of securities or commodities within an organised system.
Data processing systems or processes specially adapted for trading in the context of stock, FX exchanges, e.g. trading of stocks and currency exchange.
The following subjects are therefore covered, the list being non-exhaustive:
Stock exchange applications, e.g. Trading stock, options, ordering of stock, general stock trading administration
Foreign exchange, e.g. currency trading and currency exchange
It's the new digital receipt people don't realize they need badly. Imagine every digital asset you buy (music, movies and shows, VIDEO GAMES AND ALL THEIR MICROTRANSACTIONS) and apply a receipt to it that can allow the ownership of your asset to not only be authenticated, but authorized for trade and resale. Now be the company who owns the marketplace that gets a 5% stake on EVERY transaction on your storefront, and you'll start to see the big money potential here.
Now take all that thinking, and apply it to the stock market. A fully decentralized stock exchange where your stocks are NFTs, your trades are completed instantly, and the only middle man is the measly transaction fee from the GME NFT marketplace. No more brokers. No more banks. Just people trading from one currency to the next, just as stocks go from liquid to illiquid. You own the shares, companies are actually valued as they should be and not how Wall Street deems it.
NFTs are the future, people have literally been duped into thinking receipts are pointless. Try returning or selling items without it.
Thing is though the stock market is a huge scam. The only people that should "own" a company are those that created it, purchased it, or inherited it. I shouldn't "own" Gamestop - I was never an original investor. I've never worked for them, nor have I ever been a vendor for them. The stock market is a great way for the hedge funds/brokers/banks to make a shit-ton of money without actually having to steal it.
Loopring (a Gamestop unconfirmed partner) has this patent for digital asset transactions: