This year, the cryptocurrency market has been steadily growing. And from the end of last July, the price of all coins started to rise sharply.
This rapid rise in cryptocurrency prices doesn't mean that cryptocurrencies are already in our life and everyday usage categories.
This price increase can be seen as reflecting the diversity of future uses and applications, and on the other hand, it seems to be due to the absorption of abundant funds from the market.
There are government support funds and investment funds for the coronavirus situation, and in this period of upheaval, I think that funds from individual investors seeking stable investments have flowed in.
However, the stable price increase, lower instability compared to the previous year, and investors' belief in cryptocurrency seems to be stronger than before. The real economy and connectivity with the existing financial sector are also gradually developing.
It happened last April, but we decided to partner with Tezos and a digital asset issuance and trading platform company. To be precise, tZERO has announced that it will support Tezos.
tZero is a digital asset issuance and trading platform that attracted approximately $134 million in investment in 2018. The core business is software that can issue blockchain-based digital security tokens and exchanges that can trade them.
This tZero is also a subsidiary of Overstock ( https://www.overstock.com/ ), a large shopping mall in the United States .
In February 2020, tZero CEO Saum Noursalehi announced that there are about 200 projects to be tokenized in tZero in the future. In the short term, real estate will be tokenized, and in the mid- to long term, it will be expanded to investment funds, technology, film, and pharmaceutical companies.
tZero only supported existing Ethereum, but has been adding support to Tezos since last April.
Ethereum and Tezos are the only open source blockchains supported by tZero.
Issuers who want to tokenize their assets can choose to use Ethereum or Tezos on tZero.
Saum, CEO of tZero, says that customers such as Alliance Investments, which tokenized the River Plaza in Manchester, UK, are interested in Tezos blockchain. The integration of tZero's Tezos can be seen as an effort to find a contact between the real economy and the blockchain more and more.
Its effectiveness and reliability require continuous monitoring.
Tokenized real assets may be unspecified for sale or traded with buyers through intermediaries or without being disclosed to the media.
Source: businesswire, tzero.com