The Tokens are coming!

Steem-Engine, the side chain on the Steem block chain, with over 50 SMT like coins on it announced another advancement, which once again makes the Steem blockchain StandOut like an AllStar nonfungible Token creation is live!

Nonfungible Tokens or unique digital representations of virtual or physical assets have the potential to change the world of Commerce like the Internet did and they are available now on the Steem Blockchain courtesy of the crew of developers at Steem-Engine.

Why am I ecstatic??
Two reasons:
First Non-Fungible Tokens provide a way to unlock the equity in real estate, art and other physical objects and provide a way for thousands, if not millions of investors to own a piece of them and experience short term or long term financial gains, which were not available before. These types of valuable collectibles are historically considered to have massive, but illiquid equity. Non-fungible Tokens unlock this equity and that is revolutionary.

I recently read a great article about Tokenization of Real Estate in the U.K., a project worth over 600 million dollars, but I was ecstatic to read about a similar but yet smaller project $400 million dollar real estate Tokenization project in the USA!

From the website:

“A real estate-based STO is the process of issuing digital equity securities in a holding company that owns the real estate asset. More generally, security tokens can be structured to represent a variety of ownership and economic interests in an underlying asset, such as equity in a company that owns the asset, an interest in debt secured by the real estate, a stream of income based on cash flows from the asset or an interest in the capital growth of an off-plan project, to name a few.”

Second, the American Government organization which monitors securities, the SEC or Securities and Exchange organization has provided guidance on security and utility Tokens, which provides for non-accredited investors to participate in these types of investments. The SEC previously limited participation to “accredited investors” who had liquid assets of one million dollars USD. The lifting of this restriction and provision of guidelines increases the pool of investors to basically every adult male and female in the world with access to the internet and a government which allows them to invest abroad. I estimate that to be a couple billion people.

From SEC Website:

Rule 506 of Regulation D
Rule 506 of Regulation D provides two distinct exemptions from registration for companies when they offer and sell securities. Companies relying on the Rule 506 exemptions can raise an unlimited amount of money.
Under Rule 506(b), a “safe harbor” under Section 4(a)(2) of the Securities Act, a company can be assured it is within the Section 4(a)(2) exemption by satisfying certain requirements, including the following:
The company cannot use general solicitation or advertising to market the securities.
The company may sell its securities to an unlimited number of "accredited investors" and up to 35 other purchasers. All non-accredited investors, either alone or with a purchaser representative, must be sophisticated—that is, they must have sufficient knowledge and experience in financial and business matters to make them capable of evaluating the merits and risks of the prospective investment.

This development is truly mind-blowing! 🤯
But so far it has been accompanied with little fan fare, but I hope to change that with my own efforts and the efforts of those that read my blog and hopefully resteem it or repost it on Twitter.

In my opinion I think this is going to be another great “Use Case” for the Steem blockchain.
Right now Steem lives in an infrequently visited part of the cryptocurrency universe, but as the valuable resources here are developed and publicized by readers of posts like this the universe will discover the Steem blockchain and this place will never be the same.

Stay thirsty for knowledge my friends and please spread the good news about Steem far and wide on social media, you don’t have to write anything just post a link to this post!

✍️ written by Shortsegments

#milkandtators
@theycallmedan

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