Social Tokens vs NFTS
Today's blog commentary will discuss the relative utility or otherwise of social tokens vs NFTs. Let's start with the following comment on social tokens from Raoul Pal in a recent interview: “I bought some NFTs. I got involved in the Bored Ape thing because… I love what Yuga was doing, that’s the playbook that’s been in my head, which is you build engagement and utility with NFTs and then you build a social token around it. That’s been the playbook that I’m building a business around as well. The moment I saw that the ApeCoin (APE) was actually coming out and saw what they’d done with Larva Labs, I thought I need to get in and I want to own part of this ecosystem and hold it for the long run because this is something very interesting.” Raoul clearly sees the social token as a way to monetise NFTs, or certainly horses for courses solution. But for a fuller argument, we would refer readers to the following CNBC article (which we are not allowed to paste into our blog). It is a dated article but gives the pros and cons for both camps: Explained: What are social tokens and how are they different from NFTs? (https://www.cnbctv18.com/cryptocurrency/explained-what-are-social-tokens-and-how-are-they-different-from-nfts-11900102.htm) Here is the crux of the argument, in our view: The argument against NFTs being "too expensive" to be a utility & not easy to trade is understandable and as well as being a shallow perception. There is a way around this "problem" and that is fractionalisation. Now the instant pushback might be the SEC chair Gensler's comments about F-NFTs being awfully close to a market and therefore within the purview of the SEC. FIX00 project does not have that issue, it has a physical ruby (a collectible as defined by the SEC), and it is digitalising it (offering ownership) in a F-NFT version. In the real world, gemstones are refined (fractionalised) into jewellery and sold to the public, this is a completely unregulated industry and again is the very embodiment of what collectibles are. The only thing that is changing in the FIX00 project is the delivery of that "jewellery" - it's digital not tangible. Ergo, the FIX00 F-NFTs are not at risk of upsetting the SEC, that would be a double standard indeed! They are certainly unique. So on that basis, we see the F-NFT as the direct (non-convoluted) and purer way to provide our value proposition to the cryptoverse and to offer them the complete rights to the offering. Of course, this is not an argument for one size fits all, it as we said earlier a horses for courses situation. But in today's world of watching costs and monitoring projects here are the FIX00 keys you need to be aware of: The FIX00 project has old dogs at the helm, and we have lived through investment regime changes before and thrived. Experience is hard-earned but invaluable. The FIX00 biz model IS consumer-facing. The FIX00 project IS cash and asset rich, it can weather the storm. The FIX00 project is a FCF business model. The FIX00 products are digital/real-world stores of value - they are literal and figurative shelters from the storm. FIXOO products are portable and, as history has proved time and again, that has added merit in times of trouble. We're here for the long term, we herald true disruption to an extremely lucrative closed and antiquated business model, that is the upside. There is serious downside coverage given the products we are offering, they are not volatile but are REAL (and proven) stores of value. We also think the FIX00 project is bridging the virtual and the real world with its NFTs, it most certainly is consumer-facing and its offerings are innovative and importantly they are noncorrelating hedges; undebatable real stores of value. FIX00 is answering the call - protection, innovation, and deliverability For a short overview of the FIX00 project 🙂 please use this link: The Start of something new
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