Wizardly x bb AMA✈️

Follow up Development of Token2049

Adventure 4 Wrap up and Final Score!

Community AMA

![Tokenization.jpg](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/Tokenization_555c86aeea.jpg)

In March of this year, the CEO of BlackRock (the world's largest asset manager with over $9T) made a bold [statement](https://finance.yahoo.com/news/blackrock-ceo-says-next-generation-120411520.html?guccounter=1\&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8\&guce_referrer_sig=AQAAAKAK-L73HI8RykmrgXwa72T5fh277ujQ-6qfS4EDbbNMexFYotDLf84jDFR9fIDDoK-skCfrr9rpqo-yktiPqUAcHJnY6qzHLNB8c2oiuqKkEfFOSZE6HOnDiY1nnofmZ6Ia_rx4ENpJxzb2EcdSBtHVWojPgy5T6t31haTPBA8W): “The next generation for markets, the next generation for securities, will be the tokenization of securities.” Tokenization of assets is a blockchain use case that involves representing real-world assets (RWAs), such as real estate, shares, commodities, and even loyalty points, as digital tokens. These tokens can then be traded on blockchain-based exchanges or transferred to other users.

This article looks at one of the most significant blockchain narratives of 2023 and how enterprises and Web3 organizations can prepare for the coming wave of tokenization.

## The Tokenization Timeline of 2023

Below are a few tokenization happenings that have made headlines so far this year.

*   January: Goldman Sachs announces their digital assets platform GS DAP is live and issues the [first fully digital bond](https://blog.digitalasset.com/news/goldman-sachs-tokenization-platform-gs-dap-leveraging-daml-goes-live) on a private blockchain
*   June: Bank of America releases a report that estimates traditional [asset tokenization reaching over $16 trillion](https://rsch.baml.com/access?q=s-i517792VNkDKydHLEioQ), transforming infrastructure and markets over the next 5-15 years.
*   June: Swift, a global messaging system that connects over 11,000 financial institutions, implements a successful [tokenization pilot](https://www.swift.com/news-events/press-releases/swift-unlocks-potential-tokenisation-successful-blockchain-experiments).
*   July: JPMorgan Chase announces successful [tokenization of ownership interests](https://www.jpmorgan.com/content/jpm/jpmorgan/global/US/en/solutions/treasury-payments/insights/blockchain-onyx-asset-tokenization.html) in Money Market Fund (MMF) shares as collateral.
*   September: [Tokenization Advocacy Group](https://www.coindesk.com/business/2023/09/07/tokenization-advocacy-group-wants-to-bring-the-next-trillion-of-assets-to-blockchain/) by Coinbase, Circle, and Aave is founded in an effort to expedite tokenizing the “next trillion dollars of assets.”

## Why Are Institutions Buying Into Tokenization?

The world's financial and business systems rely on a complex, slow, and fragmented web of technologies that lead to operational friction and wasted time. Tokenization solves this problem by creating a standardized and interoperable way to represent assets and transactions, which can be used to automate and streamline processes across different systems.

In other words, tokenization breaks down silos between different systems, making sharing data and moving assets easier. Here are just some of the benefits:

*   **Instantaneous settlement:** Tokenization can enable real-time settlement of asset transactions, reducing counterparty risk and improving efficiency by eliminating the need for many intermediaries to process and approve transactions.
*   **Reduced fees:** Tokenization can automate many of the manual processes involved in trading and managing assets, leading to significant cost savings by reducing the need for paperwork, reconciliation, and other administrative tasks.
*   **Increased liquidity:** Tokenized assets can be divided into smaller denominations and traded on exchanges, making them more liquid and accessible to a broader range of investors by reducing the minimum investment threshold and making it easier to trade assets.
*   **Enhanced transparency:** Blockchain technology provides a public and tamper-proof ledger of all asset transactions, which can help to increase transparency and accountability in the financial system by making it easier to track and audit asset ownership and transactions.
*   **Expanded access:** Tokenization can democratize access to assets by making them accessible to retail investors and those in emerging markets by reducing the barriers to entry, such as high minimum investment requirements and complex paperwork.

## Enterprise Use Cases for Tokenization

Here are some specific examples of how blockchain tokenization is being used in different industries:

*   **Retail:** Tokenization enables new ways to interact, pay, create, and earn with digital tokens used to represent information and provide new frameworks for rewards, access, and ownership. From social media to eCommerce, tokenization is unlocking new experiences, investment mechanisms, and income streams for consumers and businesses alike.
*   **Healthcare:** Tokenization is transforming healthcare by improving interoperability between providers and systems. Tokenized medical records and other sensitive data can be stored on a tamper-proof ledger, ensuring a higher standard of privacy and security.
*   **Finance:** Tokenization is creating a new foundation for financial operations, from banking to exchanges. Enhanced on-chain ownership, tracking, transparency, and accelerated settlement are making financial transactions faster, more scalable, and more affordable. Tokenization also enables 24/7 trading of all desired digital security tokens.
*   **Supply chain:** Tokenization is revolutionizing supply chains by providing transparency, traceability, and security at every step of a product's journey. Immutable record-keeping minimizes the potential for fraud or errors, optimizes supply flows, and increases trust among all participants.
*   **Real estate:** Tokenization is increasing the transparency and security of title records, reducing transaction costs, and expediting property transfers. A new framework for mitigating fraud and property ownership management is emerging, providing a more efficient and equitable real estate market for all.
*   **Energy:** Tokenization enables individuals and organizations to trade energy as a commodity and sell excess power back to the grid. This creates new revenue streams for energy producers and harnesses a secure and transparent means of tracking energy production and consumption.

## Enable Tokenization for Your Enterprise With Ankr

**Best Practices for Blockchain Infrastructure Behind Tokenization**

**Private:** In July of this year, Bank of America released a [Tokenization Report](https://rsch.baml.com/access?q=s-i517792VNkDKydHLEioQ) that detailed the benefits of tokenization and that blockchains such as Avalanche allowed for the modular creation of dedicated private blockchains on top of the network. A private blockchain is a blockchain network that is permissioned, meaning that only authorized participants can join the network. This can be important for enterprises that want to keep their data and transactions private.

> I’ll speak from a highly regulated U.S. bank. We are actually not allowed to do anything on a public blockchain, be it permissionless or otherwise. The rationale being safety and soundness. Most of the development you will see certainly from the U.S. banks, JP (Morgan), ourselves and many of the others, will be on a private blockchain. – Mathew McDermott, head of Digital Assets at Goldman (source: [Ledger Insights](https://www.ledgerinsights.com/goldman-sachs-tokenization-not-public-blockchain/))

**Interoperable:** An interoperable blockchain is a blockchain network that can communicate with other blockchain networks. This is important for enterprises that want to be able to exchange data and assets with other organizations.

**Secure:** A secure blockchain is a blockchain network that is protected from unauthorized access, hacking, and fraud. This is important for enterprises that want to protect their data and assets.

**Scalable:** A scalable blockchain is a blockchain network that can handle a large number of transactions without compromising performance. This is important for enterprises that want to be able to process a high volume of transactions.

**Compliant:** A compliant blockchain is a blockchain network that complies with all applicable laws and regulations. This is important for enterprises that want to avoid regulatory scrutiny.

Ankr's customizable blockchain infrastructure is designed to deliver all of the above benefits for enterprises.

## Create Your Private Blockchain With Ankr

**[Blockchain creation as a service](https://www.ankr.com/app-chains/):** Ankr empowers enterprises by creating highly customizable private blockchains on top of various blockchain ecosystems. Ankr offers diverse options for launching your blockchains with customizability at every level for infrastructure built around your unique use case. As the approved infrastructure partner for building dedicated blockchains on ecosystems like Polygon, Avalanche, and zkSync, Ankr simplifies blockchain development for all use cases. Ankr creates blockchains for projects while satisfying every requirement for infrastructure and engineering like validators, RPC nodes, block explorers, testnets, staking platforms, and more for completely custom blockchain solutions.

Join the Conversation on Ankr’s Channels

[Twitter](https://twitter.com/ankr) | [Telegram Announcements](https://t.me/anrknetworkann) | [Telegram English Chat](https://t.me/ankrnetwork) | [Help Desk](https://ankrnetwork.atlassian.net/servicedesk/customer/portal/10) | [Discord](http://discord.ankr.com/) | [YouTube](https://www.youtube.com/channel/UCErrNjCg6raOsq5MQ9fpIig) | [LinkedIn](https://www.linkedin.com/company/ankr/) | [Instagram](https://www.instagram.com/ankr) | [Ankr Staking](https://eth2.ankr.com/)


In March of this year, the CEO of BlackRock (the world's largest asset manager with over $9T) made a bold statement: “The next generation for markets, the next generation for securities, will be the tokenization of securities.” Tokenization of assets is a blockchain use case that involves repr

Tokenization’s Emergence In 2023 and Enterprise Use Cases

We are thrilled to share that [CyberConnect](https://link3.to/cybertrek) is now available on [Base](https://base.org/), a secure, low-cost, and builder-friendly [Ethereum](https://ethereum.org/en/) L2 blockchain to power the next generation of hyper-scalable web3 social dApps.

Over the last two years, we have been on a mission to redefine social networking on the internet by taking the best of web3 and blockchain technology and bringing it to the world. Through that time, over 50 dApps have been built upon the CyberConnect social network protocol, that have cumulatively attracted [1.2M users who execute over 400k transactions](https://dune.com/cyberconnecthq/cyberconnect-link3-metrics) every month. Not only this, CyberConnect has quickly become the playground for passionate builders to build new digital social primitives and help us reimagine how our internet experience can be more meaningful, personalized, and equitable.

Incubated by [Coinbase](https://www.coinbase.com/), Base aims to make onchain the next online and onboard one billion users into the crypto economy. On this mission, Base will serve as both a home for Coinbase’s on-chain products and an open ecosystem for developers like CyberConnect to build powerful new applications.

CyberConnect’s deployment on Base is timely as it is crucial. Within two weeks of its launch, [CyberAccount](https://link3.to/cyberconnect/post/2e0c673ccbc2e07af0f17ebbf54fe5db23322626fc5e2ef1ea6ab4d91c61ba1d), our ERC-4337-compatible smart account system, is already a [leader in account abstraction (AA)](https://dune.com/cyberconnecthq/cyberaccount-cyberconnects-4337-smart-account) with over **365k+ accounts** deployed across Polygon, Linea, and Optimism. This is a key step in expanding web3 social to become truly multi-chain and the natural next step for CyberConnect’s integration with Base. 

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/2acaa594b92e7f1e)
Starting today, [CyberAccount is available on Base mainnet](https://link3.to/cybertrek) and users will be able to create their first smart accounts on that blockchain.

Set up your smart account on Base [here](https://link3.to/cybertrek). 

**About CyberConnect**

[CyberConnect](https://cyberconnect.me/) is a web3 social network that enables developers to create social applications empowering users to own their digital identity, content, connections, and monetization channels. Messari, Rarible, 1inch, and BNB Chain, along with 2,600 projects, and 1.2M users and creators are building long-lasting connections through apps built on CyberConnect.

[Website](https://cyberconnect.me/) | [Docs](https://docs.cyberconnect.me/) | [Twitter](https://twitter.com/CyberConnectHQ) | [Discord](https://discord.gg/cyberconnect) | [Telegram](https://t.me/CyberConnect)



We are thrilled to share that CyberConnect is now available on Base, a secure, low-cost, and builder-friendly Ethereum L2 blockchain to power the next generation of hyper-scalable web3 social dApps. Over the last two years, we have been on a mission to redefine social networking on the internet by

Bringing Web3 Social to Base


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**Anyone on the planet can reach a star** 💫

**#KatyPerryFlashmob**

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LOVE is the key that opens all doors🗝️♥️ Anyone on the planet can reach a star 💫 KatyPerryFlashmob tweet id="1693671183386857550" /

KATY PERRY Flashmob 💋


## **What is bfrenz？**

bfrenz ([https://bfre.nz/](https://bfre.nz/)) is a crypto academy designed specifically for beginners in the Web3 world. It includes both the bfrenz App and bfrenz DAO, and serves as a one-stop destination for newcomers to the world of Web3. The academy uses multi-chain DID to create a rich and diverse experience. The bfrenz team works closely with various project parties across different fields to create a unique "Web3 Playground", which allows users to explore and experience a wide range of Web3 projects.

## ​

## Why is it so important to help new people get into Web3？

In the past 1-2 years, Axie, STEPN, and other application products have had a strong out-of-the-loop effect in a short period of time, drawing the curiosity of a large number of Web2 users towards Web3.

However, people face problems such as high project experience costs, security risks, and difficulty in identifying good projects. For Web3 projects, there is a need for an easy-to-understand educational approach to guide users in using and experiencing them.

## ​

## So, what can bfrenz do for newcomers to Web3?

In 2023, bfrenz's roadmap will focus on improving the experience of Web3 newcomers, aiming to become the "crypto academy" for newcomers to Web3 through the following three parts:

**New features will be available with bfrenz iOS, Android, and the Web.**

We will continue to rapidly upgrade the bfrenz app to ensure a quality experience, and bring more classic Web2 features to Web3 to help everyone easily experience Web3 this year.

**What's new in bfrenz's ecosystem?**

bfrenz will provide a customized membership growth system for different projects to help them guide new users through the program or increase user activity. At the same time, users can enjoy a safe and high-quality project experience with many benefits.

**How will bfrenz DAO work in the future?**

In addition to providing crypto news and giveaways, bfrenz DAO will cover the entire crypto industry, providing analysis and research reports to help people better identify quality Web3 projects.

## ​

## Onboarding the Next Billion with CyberConnect

As a dApp, bfrenz can provide more social contexts and gameplay for the CyberConnect social protocol, while CyberConnect provides underlying capabilities support.

1. **Multi-chain DID aggregation **bfrenz ONE DID can aggregate the user's identity data generated on different blockchains. The bfrenz homepage supports binding multiple wallet addresses. And by integrating with the CyberConnect protocol, Link3 profile, bio, avatar, profile pic, DID, NFT, content, connections, and other information under all wallet addresses are aggregated and displayed on the same personal homepage. The W3ST(Web3 Status Token, an SBT standard by CyberConnect that has issuer reference built-in) owned by the user under all wallet addresses will show up as a badge. bfrenz ONE currently supports BSC and ETH mainstream public chains.
2. **Credit System to Quantify the Value of Identity **Blockchain users demand a credit system to quantify the hidden value of personal assets, transaction records, and behavioral data on-chain. bfrenz provides a solution by allowing users to abstract their behavioral credentials into badges, which serve as proof of a user's Web3 engagement. Each badge has a certain number of points, and the sum of all points determines the user's membership level. This information is recorded on the BSC network as a bfrenz SBT Token.To help Web2 users new to Web3 easily obtain their first bfrenz badge, bfrenz has integrated CyberConnect’s ccProfile. With this integration, users can claim a ccProfile and collect a badge directly within the bfrenz App.
3. **Relevant Projects Discovery Based on Transactions **After completing their decentralized identity profiles, users can effectively utilize the value of their data. Utilizing CyberConnect's NFT Recommendation engine, bfrenz ONE DID, periodically analyzes users' wallet addresses and recommends items of interest to them.

## ​

## What’s coming up?

bfrenz will release bfrenz SBT ,which is expected to bring a lot of new DID data to the chain. The first task for a user who obtains an SBT is to claim their CCProfile.

bfrenz plans to release an open platform to help potential users easily experience Web3 products decentralized social protocols, such as CyberConnect. They will provide personalized and customized badge tasks to guide users through the bfrenz ecosystem.

## ​

## One More Thing…

We are thrilled to announce that CyberConnect has also become one of the first partners in the bfrenz ecosystem!

**On April 6th, bfrenz, together with CyberConnect, MMMM, .bit, NNS, Nextme, TokenPocket, UniPass, Shield, NFTSTAR, Smugbunny, POP BRAINVERSE, Metagoal, and other projects, is launching a "Web3 Playground" event!**

First, connect wallet on bfrenz, and claim your SBT ++(++[**https://bfre.nz/badges**](https://bfre.nz/badges)).

![](https://link3-image.cyberconnect.dev/8bbd9305-4bea-4a30-9e0e-2121d56de65e/4d5532dd2cc9b980)

![](https://link3-image.cyberconnect.dev/8bbd9305-4bea-4a30-9e0e-2121d56de65e/789a04a81694b972)

Let's start to collect badges and join the raffle. This event aims to guide users to experience Web3 products easily. Join us now!

Mint your free ccProfile on bfrenz **(don't forget to claim bfrenz SBT in advance) **with zero minting fees, zero gas fees, and an incredibly smooth user experience.

![](https://link3-image.cyberconnect.dev/8bbd9305-4bea-4a30-9e0e-2121d56de65e/ccd75ed0f9e85e4b)

![](https://link3-image.cyberconnect.dev/8bbd9305-4bea-4a30-9e0e-2121d56de65e/494bd879f0708135)

Official website: [https://bfre.nz/](https://bfre.nz/)

Twitter: [https://twitter.com/bfre\_nz](https://twitter.com/bfre_nz)

Discord: [https://discord.gg/NkCya2AjfR](https://discord.gg/NkCya2AjfR "https://discord.gg/NkCya2AjfR")

​

Web: [https://bfre.nz/news/](https://bfre.nz/news/)

iOS: [https://apps.apple.com/app/bfrenz/id1619074410](https://apps.apple.com/app/bfrenz/id1619074410)

Android: [https://bchat.io/resource/android/release/bfrenz-latest-release.apk](https://bchat.io/resource/android/release/bfrenz-latest-release.apk)

## ​

## About bfrenz **Team**

bfrenz core team members have worked in top Internet companies such as Tencent and Snapchat and have over 10 years of experience in the Internet industry. The founder of bfrenz is the first product manager of WeChat, a super app in China with over one billion users.


What is bfrenz？ bfrenz (https://bfre.nz/) is a crypto academy designed specifically for beginners in the Web3 world. It includes both the bfrenz App and bfrenz DAO, and serves as a one-stop destination for newcomers to the world of Web3. The academy uses multi-chain DID to create a rich and diver

bfrenz x CyberConnect：Helping new people get into Web3

On May 18th, 2023, CYBER, CyberConnect protocol’s native utility & governance token, will be available for sale to the public through CoinList. This public sale will introduce 3% of the total supply of 100,000,000 CYBER into circulation and will be available to residents of select jurisdictions.