RWA & Private Credit Pt 1: Market Opportunities for On-Chain Private Credit & Trade Finance
The state of Blockchain today is often compared to the early days of the Internet, when people were still looking for the “killer use cases” that would bring the masses online. Honestly, crypto has had very few breakthroughs in providing real utility to average people. The last bull market was plagued by Ponzi schemes and inflationary token economic designs that generated yield without providing inherent value, other than powering what were effectively speculative betting markets with liquidity. The truth is, crypto in the last market was a casino for gambling degenerates — myself included.