It’s not businesses that look forward to adopting the token technologies. The age of exploding tech brought us people tokenizing themselves, and Manny Pacquiao – the famous boxer, is one of the first examples.
Pacquiao announced he is launching a crypto coin on his own. The crowd of fans in Manila got the news first they can buy merchandise and interact with their favorite boxer champ through “Pac” tokens.
The “Pac” token will soon be listed on Singapore’s Global Crypto Offering Exchange (GCOX). Few names of the investors who backed the project are ex-Liverpool soccer pro Michael Owen, and Sheikh Khaled bin Zayed Al-Nahyan. As of today, it is the first celebrity cryptocurrency. Other famous people such as singer Jason Derulo and tennis star Caroline Wozniacki plan to launch coins on their own with GCOX.
“We are not here to raise a lot of money but to build an ecosystem,” said GCOX Founder and CEO Jeffrey Lin for Reuters.
Other boxing superstar was Floyd Mayweather Jr.,hyping CentraCoin – a debit-based crypto project. The coin didn’t last long after fraud charges against the founders were brought by the SEC.
The answer to that question is simple. Everything from stocks to real estate is token-worthy, and even better – has been tokenized to a certain extent already. Such platforms have been popping up, offering endless opportunities for the average users. A notable example from many is platform currency.com, enabling tokenized opportunities in global stock exchanges like Cyprus and Belarus, offering tokens that mirror the movement of other securities, like Google or Apple stock.
Tokenizing your business might be a winning move, but not all can pursue that aim. Tech-savvy companies started offering blockchain plug-and-play type of technology solutions. By adopting these, businesses will participate in the tokenization boom.
The tokenization movement is moving toward B2B technologies, creating an new and much better way for companies and asset holders to tokenize assets. Investors will own a share of diversity of assets by utilizing tokenized assets. This diversifies normal securities markets. Investors can now own assets from stock exchange, to properties, to even boxers and celebrity superstars.