Ava Labs CEO John Wu is unveiling what he believes is the most interesting innovation in the crypto industry right now.
In a new interview with Real Vision Media, Wu tells macro guru Raoul Pal that the tokenization of real-world assets is the most intriguing aspect of the crypto industry.
Asset tokenization is the process of creating virtual tokens on a blockchain that represent ownership of a particular property, whether it be digital or physical.
According to Wu, real-world assets are increasingly experimenting with tokenization, which should optimize workflow and save users money.
“Real-world assets are coming to the blockchain in a permissionless manner. Not just in a permission manner. Financial assets and titles, other things that are traditional in real-life-type assets.