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RWAs & DePINs: The Role of Tokenization in DeFi
Episode 85 • 19th September 2024 • AdLunam: Diving into Crypto • AdLunam Inc.
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Join us as Jason Fernandes, Co-Founder of AdLunam Inc., and Kevin Yunai, CEO of RWA Inc., dive into the world of real-world asset tokenization and its impact on DeFi. 🚀

Discover the latest trends, regulatory insights, and how RWAs and DePINs are reshaping asset ownership and investment. 🎧

Transcripts

RWAs & DePINs _ The Role of Tokenization in DeFi

SPEAKERS

Jason Fernandes AdLunman Inc Co-Founder

Kevin Yunai CEO & Founder at RWA Inc.

Jason Fernandes:

Hello everybody, I guess we'll Give it a minute for the room to fill up. If you can hear us clearly Please drop an emoji in the chat to confirm you. Okay, let's try this again. Can anyone anybody hear us clearly? If you're tuning in, please drop an emoji if you can hear me. All righty, everyone, before we kick things off, got a few exciting updates for upcoming events where AdLunam will be making waves. We will be at the wiki finance Expo in Bangkok on September 7. I'll be speaking on topic of tokenomics and airdrops. If you're in Thailand, this is the event to be at for the fantastic opportunities. I hope to see you there. Speaking of power moves. Our co -founder, Nadja Bester will be taking the stage at Gatherverse AI Evolve summit on September 10. She's speaking on a panel titled The workforce revolution: AI and human collaboration and action. You don't want to miss this one. Follow AdLunam Inc. to get the viewing link. Adlunam Inc’s, media arm, Altcoin Observer absolutely crushing it. We're bringing you exclusive coverage from European blockchain conference happening on September 25 and 26 in Barcelona. We've got exclusive discount code just for our community. Head over to altcoin.observer, all kinds will be making waves at the wiki finance Expo in Bangkok on September 7, we'll be catching up with the brightest stars and web3 world and giving away some awesome merch. Don't miss out on the action. So fantastic. Now, without further ado, AdLunam’s Diving into Crypto sponsored by AdLunam Inc., I'm your host. Jason Fernandes, co founder of AdLunam Inc., and helped to help us navigate this exciting topic, which will be on the future of blockchain, real world asset tokenization. We have very special guests, Kevin yunai, CEO and founder of RWA Inc. Kevin is a seasoned entrepreneur with over 30 years of experience in technology and business leadership. He's the author of Bitcoin, the new form of money, and a leading voice in real world asset tokenization. As CEO of RWA Inc, he's at the helm of groundbreaking innovations that are transforming the tokenization landscape. RWA Inc provides comprehensive real world asset tokenization through advanced through an advanced multi asset platform. So let's get started. Tell us a bit about yourself.

Kevin Yunai:

Yeah. Hi everyone. Great to be here. My name is Kevin Yunai and I'm 49 years old. Have a beautiful daughter and great team. And I'm here today to speak about real world asset organization and investment. We are a team of approximately, I think 18 with headcounts with full focus on building an entire ecosystem that can deliver a to c tokenization projects for scale up companies in need of funding, for real estate portfolio owners who want to sell fractionalized real estate and many, many other use cases. We are launching our token in a few weeks, hopefully we have been a. Preparing everything, raised $2 million approximately, and have paid the exchanges and onboarding a few more exchanges, so you can look forward to a massive launch when the market is just right. Yeah, so that that's the short about me and my team and yeah, let's get on with the questions.

Jason Fernandes

Awesome, fantastic. Well, I mean, this is gonna be an exciting chat, for sure. So just out of curiosity, which exchanges are you guys looking at launching on, and window is a large platform

Kevin Yunai

Yeah. So we cannot reveal yet the mix of the central exchanges, but it will be public as soon as we have the TGE and launch date. So please go follow us on the social medias, on our Telegram, on me personally, go to RWA.inc, and follow us on all the social media. Then we do weekly and monthly newsletters where you can really stay updated on all that's going on at the same time.

Jason Fernandes

Sweet, no. I mean, that's really exciting. I think there's no more exciting time than when you're actually getting ready to, you know, send your baby out into the world to see what, what the what the public thinks? The public markets think about your tokens. So exciting times.

Kevin Yunai

Yeah, it's truly exciting. And as we all know, the market is its own animal, but we are doing our very best to to make the market excited, we are updating our website soon. That is no secret. You can look very much forward to that. It's going to be probably one of the most beautiful sites ever created in the real world asset space, and it will have a lot of functionality. And we are also finalizing our platform, so you will soon be able to see the platform as well and sign up for for that. So there's many, many things going on in the background, and we're super excited to tell you all about it today.

Jason Fernandes

Fantastic. So, so just shifting gears a bit, let's start off with you personally. How did you started getting crypto, web3? What was that moment that the switch flipped?

Kevin Yunai

nd then I sold the company in:

Jason Fernandes:

Yeah, actually, you really, you really took me back about with talking about the Commodore 64 I actually started on the, yeah back when You know, they just have for software programs that used to be printed in these magazines, and used to have these glossy magazines where you just see a whole bunch of code. And I would start reading through it and be like, okay, life equals, you know, five. And then you start thinking, Oh, what if I put life equals seven? Does that mean I have seven lives? And if I recompile it, you know? And so it really starts getting you into experimentation in the first place. And, you know, trying to change games around.

Kevin Yunai:

It was absolutely great days. And we back in the days it was very hard to code anything. All you know is was pixelized, and you couldn't really do much. Pac Man was probably one of the best games you could play back then, but our coders managed to do some, some very cool demos. And those demos went around so you had all these. You can call them hacker groups, competing about making the best demos. And then, yeah, yeah. And then, of course, we got all the newest games because everybody knew about us, and then we sold those games to the school kids. So, yeah, it was, when you think about it, many of the things you do as a kid is actually what, in some way, that's where you find your passion. Yeah, it contributes. Always been, yeah, it does. So, yeah, so that's how you got into RWA, yeah, that's actually the background we started developing on all the the healthcare solutions and learn how to to to manage big projects. And then it took off from there. And we pivoted into web3. And now we have a very, very strong team of both CMOs, CO, CTO and, yeah, the whole range of professionals. So we can really both help clients on board, and we can also do a very big launch on our own token.

Jason Fernandes:

So RWA Inc is like a, first of all, it's really great writing, right?

Curious how you sort of got, you know, decided to just take on that as, like a brand name, and then just sort of be, you know, central in that space. And in general, what do you think about, you know, where do you you see RWA sitting within the broader realm of you know, digital assets, I mean, because you have some that have a massive potential for for growth, and then others, like stable coins, sort of, where do you see it coming in?

Kevin Yunai:

Yeah, so when we speak about RWAs, we are speaking about all the asset classes in the world combined. So it's a $16 trillion market at minimum that we are tapping into here. And that means that you can create entire businesses around just one small asset class. So for instance, IP is a huge it's a huge narrative to tokenize IP rights. We can do that now. Art, as you all know, is also a massive asset class, probably the most unregulated and and largest unregulated asset class in the world, so that is something that can be tokenized. But we in RWA Inc have found that the the founders, those are the ones we want to help first, because we are founders, Mike and I, founders, and we, we understand how founders think, and we also understand the problems that founders experience by doing traditional old school fundraising. We understand that it's time consuming when you have a business that you have to put all your energy into pitching sometimes people with money that don't understand what you're doing, and trying to convince them to invest and make them understand that they need to be faster, because next month's salaries are there and there's a burn rate, and we can't wait three months for you to decide, right? So that's really the core. What we have invented here is a new instrument so we can tokenize and raise the funds in seconds and base, instead of waiting for one big whale or investor to chip in. So it's really, it's really disrupting fundraising what we are doing here.

Jason Fernandes:

So I'm curious what, how do you think it sits in this, in the zone of, you know, for example, security tokens. If you were to tokenize some of these, you know, a company's stocks or shares and start selling that, what that could be considered, obviously an RWA, but it would also be a security token. And I'm just curious where, where do you see those two sort of connecting, and what's the sort of common ground between them?

Kevin Yunai:

It's a great question. And as you correctly suggest, there are basically two. There are many, but there are two main token types when it comes to tokenization. The one is utility tokens that has no ownership rights, but still gives you certain utilities and perks that could be airdrops, that could be different kind of APIs and so on. And then you have the traditional security token that represent ownership, represent shares, can be bonds and all kinds of other assets. And we have decided to focus in step one while we apply for the security licenses, because that's what we are doing in the background. We are doing the rollout of this utility tokens in first step. So we are focused on companies who wants to offer utilities to the market and and and list those on the central and decentralized exchanges.

Jason Fernandes:

So how would a real world asset be a utility token? Because, I mean, aren't we in RWA, is there? I mean, you refer to, like, something that's real intangible, that's somehow tokenized. And if it's really intangible, then presumably it will be considered, you know, maybe a security instrument, for example, I'm just curious, yeah, yeah, it's a it's a fine line between offering something that represents a packed asset, and actually it's a fragment of that total supply of those assets, and Then having, you can call it a gas fee token, or any other token that plugs into a platform that generates a service that you then can use.

Kevin Yunai:

And at the same time that utility token is, in its core, a speculative asset, but not a security. So that's really the you can say, the division between the two types of tokens, that the utility token kind of works as a security, but it's not in its legal form, a security. Does that make sense?

Jason Fernandes:

Yeah. I mean, I think it's when you when I look at, you know, a utility token, and I think about, essentially, that's what a utility token is, that you're sort of representing utility within the system as as correct, you know, as a token, and then that that token is ascribed certain value based off of how much utility, you know, what, what degree of value that that particular you know utility is when it comes to RWAs I would imagine, that that is representing a real world asset, not quite utility, but something very, very tangible. Utility is generally not quite tangible, right? I mean.

Kevin Yunai:

Let me speak for a moment about our own utility token, the RWA token, that is a means of payment for various services, like platform services. It could be tokenization services, consultancy services, but also the ability to list on our coming launch pad and to trade on our coming exchange and marketplace and trading platform. So that basically drives the ecosystem. You can say it's a gas fee, like token where you can buy various services, like when you send Ethereum from one wallet to another, you also pay a fee in that Ethereum token.

Kevin Yunai:

So that is how we distinguish between it, and you can still consider it a high performing asset that that can increase in value over time. Hopefully it will, because there is demand and there is usage of that token. On top of that we also burn because we have. Real company that delivers to clients. So we also use some of that revenue and burn that revenue in the form that we buy back tokens, and then burn those tokens that we buy, and that way, we drive up the price and have a very sustainable ecosystem. So what you're saying basically is that, while you are a launchpad for RWA assets, your own token itself

Jason Fernandes:

It’s obviously a utility token, because it provides people, essentially the ability to invest in, you know, RWA those might be, for example, correct securities. Got it

Kevin Yunai:

correct, but we do already, and this is no secret, we do already have the security token izing platform. We also have the applications in the works, and over the next six to 12 months, we will obtain the licenses that we need in order to also offer the security tokens. And when that happens, then we can offer 1,000,000th of a real estate portfolio or 5% of that company in tokens and so on and so forth. Okay, so speaking of, sort of the real,

Jason Fernandes:

go ahead. So I was just gonna say, speaking of sort of tokenization, and you would say, what are the current trends when it comes to real world asset tokenization? How is the industry evolving? I'm just curious what you see, you know, sort of Yeah, coming up. So, What is very interesting. And this is a core sentiment, I think, around the community, as we have understood, at least,

Kevin Yunai:

if you paid $1,000 into a token, and you get some tokens back, and those $1,000 increase in value because you have a great, sustainable ecosystem. The holder of those $1,000 that are now $2,500 just to give a positive outcome, they the holders are happy because their token has increased in value while being used for, for for some good utility. It could be that the holder used 5% of the tokens to do his own token. For instance, they care less about owning one once of a million of percent of that company for that $1,000 they care more about the increase in the value of the token. So what we see is that that is what we should focus about, to bring value to the investors more in the first phase than doing everything we can to get the ownership of that underlying asset.

Jason Fernandes:

So at least that's our conclusion for now, but we are working on also the security tokens and so what kind of assets do you think would be that probably haven't been tokenized yet are likely to be tokenized using sort of this RWA model,

Kevin Yunai:

so that would be companies in need of various utility tokens for various purposes, everything from AI to products to Yeah, service companies, those kind of companies, we see a big demand for making their own utility token that they can easily listen central exchanges that complies with the regulation and that is not triggering the security laws

Jason Fernandes:

got it so. Essentially, you have to ensure that when you whenever the the token is actually constructed, that is constructed based off utility, and not, you know, doesn't fall under how we regulations, sort of the how we laws, that is correctAnd that's why we have a legal team that is very

Kevin Yunai:

And that's why we have a legal team that is very supportive of our clients so that we can design the token so it is not triggering any and violating any security laws.

Jason Fernandes:

Okay? And so what are the key factors driving market adoption for tokenized assets? It's been just usually explosive lately. The Type has been immense. So what do you think the potential implications could be for wise adoption.

Kevin Yunai:

Yeah, so as I'm preached at the at the moment, is education, because I still, I'm a little disappointed about the fact that so many people do not still even have a wallet. And you can try ask if. Friends and family, guys, do you have a wallet? And many will still say, No, we don't even know what a wallet is. So that's kind of where we are, to be quite frank. I mean, when we look into the web, two status, when we look into how's the general public credit archeology, even in position of a wallet. So what we recommend is really to start very, very low, and that education and help our clients on that experience the free that they can send money to their relatives and across the globe In seconds and not fill out all kinds of papers for money, we think, experience for people, and from there, it builds up.

Kevin Yunai:

so, yeah, education is definitely a

Jason Fernandes:

an important factor to getting that mass adoption got it. So since you're talking about education, I'm curious about, you know, regulation, which is sort of the other one that RWA Inc. just talked about a lot when he started talking about opening things up. So what is, what is the impact of regulations on the tokenization of traditional assets. So what do you think the changes would need to be in the regulatory framework in order to better support the industry?

Kevin Yunai:

That's also a good question. And as you know, there are as many various regulation as there is almost countries. So it's not there's no standards. There's no global standards yet for regulating utility tokens and also security tokens and other tokens, stablecoins and so on. But we do see a tremendous work being put in to this by the regulators. So many years ago, they didn't even care about it. But now, every country we check, they have Sandboxes, they have clear roadmaps, and they have teams working on it. They are even scaling the teams. That has also been a problem in the past, that the regulators simply didn't have resources to all the applications. So you have countries with only 20 issued licenses in trillion dollar economies, and only 20 companies of maybe 10,000 applicants have actually been granted licenses. So we have found that it is not the industry that is not wanting to be compliant. It has more been the regulator's not being able to handle the pressure, handle the pipeline, and giving out clear instructions, and so it has been a nightmare for everyone to comply, to to the regulation. But now we see finally that things are coming together.

Jason Fernandes:

The equilibrium is working. And we see now the regulators are working closely with the companies and creating programs and options that makes it much, much easier to to apply and buy the licenses you need to. Yeah. I mean, I think be able to promote shopping in that jurisdiction? Yeah, no, for sure. In fact, I think one of the reasons that you know, when it comes to the exchange market, the crypto exchange market, one of the reasons that decentralized exchanges became such a thing, was that, you know, it was just so difficult to listen centralized exchange, you were limited to listing in a market where you know your country, your company, has some degree of a presence. And then on the flip side, right, you have to then worry about the the local regulations, even though your product might actually be international. I mean, the utility of your token might not just be limited by your country, but now you have to suddenly worry about, you know, how, how your country might choose to regulate the token, and I guess that's kind of how a lot of businesses in the first place have got it started. Is it is, you know, how do we, how do we make this more efficient?

Kevin Yunai:

Yeah, and I mean, ultimately, I think AI will play a tremendously big role in making sure that this becomes more standardized, and I think we will have a lot of development for like global standards and. By the use of AI and by actually applying AI to the process, because, as you know, AI can manage millions of factors simultaneously. And I think we need to train the models to understand the regulation better globally, and then use that to kind of make the global strategy so that is at least our take on how the regulators could solve that.

Jason Fernandes:

That process actually a really unique take, because what I've never heard as a potential solution is, hey, how do you know, make sure that some of these platforms are compliant. And as opposed to putting it in this, in line through this massive bureaucratic sort of list, yeah, have you know, AI itself, go through it and check for compliance, to check certain things.

Kevin Yunai:

When it's compliant, you really it's you have to apply math to this, because bureaucracy, bureaucracy doesn't work. It takes too long. We will be dead and gone before that bureaucracy will work, especially when you talk about not one jurisdiction, but having a global approval of your of your concept. So I really, yeah, I think we should have, like, smart contracts covering the whole thing, and have decision trees coded and so on. So it simply just analyzes and say, Okay, this is the thing you are now approved in these territories. In order to be approved in these you have to do so and so on. So, yeah, that's a longer, that's a longer discussion,

Jason Fernandes:

but it could be, it could be great if the regulators had some global cooperation with each other and found some standards. Yeah. In fact, standardization is key here. Yeah. In fact, it could be done. And you could even have something where you have, you know, like, the same as you have a decentralized network of miners determining, you know, Bitcoin transactions, you can have a decentralized group of people that are voting on whether, whether something you know passes regulatory muster, and maybe that there's a an appeal process that is also, you know, primarily done via a decentralized way, where maybe a random group of people that have nodes, or let's say, are controlling the network in some way, get to vote on whether something would be considered a security and you know that that could even influence their own score, and then, and then that's that score could turn around and influence how the degree that they get compensated for when they do get it right. You know, something like that could definitely be done. I think exactly. Okay, exactly. So we spoke about, what we haven't spoke about, really, is, is deep in so if you could sort of maybe give us a brief introduction of what you know deepens are and how they they relate with RWA and complement each other. What that would be, you know, actually, that would be really excellent,

Kevin Yunai:

yeah. I mean, deep in is also a huge narrative and a growing narrative, and it's really about rewarding community for offering infrastructure and infrastructure in a wide sense, and I think tokenized infrastructure and really sharing resources and rewarding people for lending out those resources. It's the future of of making a more sustainable economy and making things more efficient. I have personally thought about doing some transportation deep in concept, together with some who are in that space, we would love to raise capital for people in the DeFi, DePIN space. So that's really where we can see we can help deep in companies, is by actually tokenizing their utility tokens and help them with the fundraise. But I see a great use, and I wonder why it doesn't exist. And this is a free idea, if somebody wants to run with it, but you know the lines and all the other transportational devices you have in all the main cities, why has those not been blockchain and tokenized, because there is a use case right there. We all have wallets. We could just connect the wallets to to those devices, and we could, we could drive with our Ethereum and our Bitcoin instead of with our debit card, for instance. So there's many, many use cases for deepen, and I just. Gave one example that I think could be amazing to have, and that would be something we would support for sure.

Jason Fernandes:

I think you're muted. Oh yeah, thank you. Appreciate that. You're right. Okay, no problem. So yeah, I mean, I'm just you mentioned launchpads earlier, and I'm curious, what role does a launchpad play within RWA Inc’s platform, and how does it support the growth of new projects?

Kevin Yunai:

That's a great question. So one thing is that we are launching on various launchpads, external launchpads. We cannot mention who yet decorate. You all know, but there are more coming. But with we believe that when we onboard clients and we have tokenized them, we have made the whole process, that we also need to help them with the launch itself, and launch padding is part of that launch process. So how it will work is that we get clients, we do the tokens, we take them all the way, and then we also list for them. So we will become this listing partner as well for the IDOs.

Jason Fernandes:

cool. So it's basically very much our wa focus as a launch pad in terms of, you know, RWA projects and ensuring that they have the correct liquidity that they would need,

Kevin Yunai:

indeed, but we also, and this is very important for us to emphasize, we also want to work closely together with all the launch pads out there, so that when we have an allocation, we will do a bidding system so all the launchpad also can take an allocation from that pool that we have available from the client. And that way, you know, have a global concept where everybody can tap in, and where we can activate as many communities as possible.

Jason Fernandes:

So you mentioned something just now. I thought was really interesting. I'm just curious, what are other sort of, more innovative features within the RWA ecosystem that you think are probably going to be the most impact, impactful in terms of, you know, setting the product apart,

Kevin Yunai:

yeah, so what I'm personally proud of, of is the fact that we have actually mapped the entire process in the Client we run everything, things who are very proud of because we are able to actually help the clients in a very, very professional manner, also with the regulatory stuff, also with the PR and marketing stuff, with the tokenomics, with the design of the landing pages and so on. So it's a full package we bring to the market with all this. So it's a pretty massive platform. When we look at the entire offering altogether, when we look at hundreds of partners into the platform over time, it's gonna, it's gonna be a very massive solution, for sure.

Jason Fernandes:

So, you know, we hear a lot about immutability when it comes to blockchain. So I'm curious whether, whether the you know, our RWAs and and deep in sort of make use of blockchains immutability to do anything you know that's that's interesting from a perspective of Does, does the immutability as a concept apply to RWAs in Any way that includes that makes it more useful?

Kevin Yunai:

You have a very compliant, very secure that is, I would almost claim unbreakable and unhackable, done, right? I especially your treasury and those things we use, Fireblocks ourselves. We are very happy with that. We just signed with Bitcoin Swiss for accounts there. So we do have very. Wrong custodial partners, and that really, I would say, takes care.

Jason Fernandes:

Yeah, actually, we also really like Fireblocks. We are, you know, also chatting with them ourselves. I think that their offering is really, really, really solid. I know that one of the exchanges I was, I was at a few years ago, they recently, you know, signed them on. I think one of the biggest things that people don't really think about when they're custody in their crypto, they tend to think of it very focused on, let's say, an exchange, or, you know, the particular platform that they're interacting with. But in actuality, it has a great deal to do with, you know, whatever external crypto custodian that particular service is using. I don't think that that gets enough play from an understanding perspective.

Kevin Yunai:

You know, I do agree with you there. I do agree with you, and it's just like we were speaking with five blocks the other day, and we said, we cannot imagine any crime we on board that will not also be a client with Fireblocks, just to give an example, right? So just out of curiosity, how does RWA.Inc By the way, I love that name. It's just a fantastic name from a branding perspective.

Jason Fernandes:

How does yours marketplace enhance liquidity for tokenized real world assets, and what does that mean for asset owners and investors for that matter?

Kevin Yunai:

Yeah. So in short, we actually building a very, very large database of investors, institutional, accredited and retail investors. So over time that that database will have give our clients to millions of investors.

Kevin Yunai:

So that way, by really planning everything for the market, that way, we ensure that a lot of liquidity will be pumped into our ecosystem. On top of that, we are launching our so hopefully also will generate a lot of liquidity. And for from the sale to also be allocated into our clients pockets.

Jason Fernandes:

Got it. And so how do you see, what do you see as the future of infrastructure development in the context of blockchain and deepen. And how does RWA Inc like? How is RWA ink rather positioned to sort of lead that transformation from an infrastructure perspective?

Kevin Yunai:

Amazing question, amazing question, so that finally, the right partners better. I RAM solutions, the best customer solutions, the best analytic solutions, and every other element in in the entire hustle, we believe that we are creating, building something very, very unique. We are very focused on experience and the fact that we're not all web three experts. So we get a huge difference on how everybody can invest into our ecosystem, we will make it very simple for any user, even the ones with no experience, even in web2, to be able to either swipe their card or have a onboarding team call them up The old fashioned way and help them on board. An industry have been very bad at we have just presented a button saying, connect wallet. But the user doesn't know what a what a wallet is often, so I that's really where we can improve how things work today, and also by making a lot of education videos and really explaining web three and micro economics and so on will help everybody understand Bitcoin and digital assets.

Jason Fernandes:

got it by the way, Kevin, you are cutting out here and there, so if you could try to stay close to the WiFi, I guess.

Kevin Yunai:

Yes, yeah.

Jason Fernandes:

Also, so let's zoom out a bit. How do you see the blockchain industry in general, evolving over the next five to 10 years? What do you think kind of see is, like, the most interesting trends? So let's say, for example, you wanted to set up another project, or there was another you had the ability to sort of be a flower on the wall on another you know, area in blockchain, like, which area do you think you would choose? Like, where? What do you think is really popping right now?

Kevin Yunai:

Let me think about that for a moment. I mean, as a company, we say blockchain agnostic, we like to work with all blockchains, and we like to choose blockchains for specific clients that make sense for those specific clients. So overall, we have a layer zero integration strategy, and we'll bridge between the different blockchains, so that will work very well, also for all our clients. But where do I think that I think there will be a lot of consolidation, I think that there has been many, many blockchains created, and I think we might be in a situation where there's more blockchains that than are actually needed. So I think there will be a consolidation over time of many of the blockchains that pop up. Not all will survive, of course, and I think we will see fewer but stronger in the future. And then I think we will see a lot more combined technologies. So it will be, there will be a lot more AI incorporated into the blockchains, and we will see new things we've not even thought about today. I also think that we will see a consolidation of the of the way we pay for the blockchains. I think we will see that the ones who handle those gas fee problems that are currently are in the market, and find ways to make that cheaper and cheaper, they will also thrive.

Because yeah, we went from the banks to blockchain to make it cheaper to transfer funds, and on some blockchains, I won't mention names, it's almost 100 times more expensive now to even send $100 right? So there's something that's not working, and I think over time, somebody will take that market, yeah, you know, I think the one thing that surprised me, I think about the industry when it comes to blockchains and like, let's say Leo ones and Leah like layer zeros and so on. I think what tends to happen is you'll have, like, a flavor of the month, and there'll be a lot of growth. And I tend to like when I look at, when I look at blockchains, I look at sort of whether developer,

Jason Fernandes:

whether developer, like network is going, as in, is this, is this a growing Developer Network, or is this a developer network that's shrinking, right? And so if you see things like, like, there was a time when Solana was was blowing up, and was, there were so many developers that were moving to Solana, and I guess that's had a trickle down effect, where now you see a bunch of these, these Solana projects coming out. But, you know, it's amazing how in flux these blockchains have been. I mean, EOS used to be all the rage. There was a time when we heard sui would be the next you know, Ethereum polygon has such massive amount of hype. Polygon, you know, I feel like we don't hear a whole lot about that, very much anymore. And so I think it's been really surprising kind of how much influx that is. I think it comes down to, you know, offering a compelling narrative and and solving problems that that, that, that people are actively, you know, dealing with in other blockchains.

Kevin Yunai:

No, I agree. And I mean, I've seen hundreds of blockchain claiming they are the fastest blockchain in the world, so one of them must be right. But, yeah, I think,

Kevin Yunai:

I think it's great for the adoption of technology in general, that so many players are competing on the on the blockchain pie, but on the other hand, as as I suggested, we probably will see a consolidation and of some sort in in in the coming months and years.

Jason Fernandes:

Yeah, awesome. Curiosity. Now you know where towards close towards the end of the episode, I'm just curious what your personal philosophy is and what sort of keeps you going through bear markets.

Kevin Yunai:

So my comfort is that I understand Bitcoin very well, I think, and I know how scarce of a resource it is and how mathematically perfect it's designed. And so there is no doubt in my mind that it's just a matter of time before the entire market as a whole increases because it is a superior technology. It's a superior money, it's a superior store value, and nothing beats it. And every token is dependent upon bitcoins performance, no matter how we put it. So with that comfort that there's much more people and much more demand that there is Bitcoin, and with the knowledge that there will be immediately a supply crisis for Bitcoin at some point, we have no reason to fear anything, I think so. So that really makes me comfortable. And I I look through history and the better money has always won. And see, it is just not a good money. It's a it's a scammy money. And again, it takes years for for the masses to be educated about it, but eventually also with the social media and everything with x doing their work, we we are actually seeing a mass education playing out at the same time and that's really

Kevin Yunai:

why I believe that the mass adoption will happen. Because it it, it is for the better of humanity, for sure, yeah, I mean, I think that's Why. Sorry, there was a little fall out there. I I can at least not hear you at the moment. I think you muted again. Can you unmute? Please? Do there might be an issue here. Let me leave and come back to See if that helps. Two seconds, Guys, can you all hear me? I

Jason Fernandes:

I can't , believe technical difficulty there for a second. I think we're at the place where we sort of do questions, and we have one from Joyce who, who wants to know how RWA Inc. ensures the security and compliance a tokenized real world assets on blockchain, especially in terms of regulatory. Standards across different jurisdictions.

Kevin Yunai:

So we have lawyers employed. We have our own legal team, so they are doing all the work for us with great success, and really are examining each and every country's legal frameworks and rule books and mapping up those up against what we do and so on. So, yeah, all in all, we're doing everything we can to do everything right.

Jason Fernandes:

Yeah. I mean, it's so up in the air right now when it comes to regulation, that you just, the only thing you can do is try to do the best, and then, and then hope, and then hope that the government agrees with you, right? That's, I guess, why you were talking about Sandboxes earlier. Why that those are so important? So this is been incredibly insightful discussion. I'm we're unfortunately towards the end, I want to extend a big thank you to you, Kevin, for sharing such valuable knowledge with us today. Huge thanks to all of you who tuned in, ask questions, engage with us before we wrap up. Don't forget to subscribe to our newsletter. Follow us on Telegram, LinkedIn and YouTube, and catch up on past episodes of Diving into crypto on Spotify, we see excited to keep bringing in more great content. So stay connected with us. Thanks, everyone. Take care. Thanks, Kevin, for your time.

Kevin Yunai:

Was really fun, and thank you for Great Moderation, great questions. I really enjoyed this session. Thank you all, and please go follow us on RWA Inc, and also our partners here. Thank you so much.

Jason Fernandes:

You too. Bye, bye. You

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