/biz/ - Business & Finance

>>58409467
>I'm not in good health.
I'm sorry to hear that bro
>why would avax ever get to this price
its the backbone for Asset Tokenization and Tokenization brings massive benefits for every type of business like faster settlement times, no more fragmented liquidity, need less wagies etc.
So basically all these Financial Institutions will accumulate AVAX because why wouldnt they invest into this economic backbone?
Eventually they will also roll out ETFs for it.
>and when?
within the next 6 years and it will go beyond $1000.

>Doesn't seem like there's enough demand for the avax token
we havent arrived at that point yet, and not that many people have figured it out. here is your chance to frontrun them all.
>subnets use their own tokens for gas or something like that right?
Subnets can use anything for gas but the point is they will always have to pay the P-Chain Validators one way or another.

>>57639495
cope

>>57557858
>on the same blockchain
a single chain cant handle every business logic in the world, that much is already evident since around 2017 when crypto kittie shit happened.
However Subnets can do this because everyone can run their own custom VM with their own custom rules and all the traffic is isolated from each other (JPM might not want monkey NFTs clogging up their Asset managing and multi billion dollar deals) but connected through CCIP and Avalanche Warp Messaging.

>mind sharing where you're getting these infographics from.
from the Boston Consulting Group
and these
>>57557703
>>57557711
are from here https://www.theblock.co/post/241500/tokenization-of-off-chain-assets-presented-by-avalanche-and-ava-labs

>>57515801
it already happened and more.
Avalanche was already chosen by TradFi (pic related)

https://watcher.guru/news/ethereum-has-been-disappointing-since-shanghai-jpmorgan
https://www.avax.network/blog/onyx-j-p-morgan-leverages-avalanche-for-portfolio-management

JPM was basically THE founding father of the EEA and they abandoned Ethereum for Avalanche.
the rest of the EEA will follow them soon

>>57448977
>nobody else wants
cope

>>57429390
>do a transaction on Ethereum: wait half an hour for confirmation like a cuck
>do a transaction on Avalanche: finalized in under a second
>on Ethereum: cant run your own custom VM
>on Avalanche: can run your own custom VM

Thats why TradFi has chosen Avalanche over Ethereum.

>>57387324
>What does it do?
solved the Blockchain trilemma, sub second finality, scales with custom subnets basically blockchain as a service
>What it gets used for?
DeFi, RWA tokenization etc.

>>57328215
>a ghost chain
cope

>>57309678
in the longterm AVAX will always bounce back because its doing something useful.
Also not every Subnet is rewarding in AVAX, they can reward any token to you, their own fee token, a stablecoin etc.
some Subnets will pay out from the revenue they make. So your rewards could also be diversified.

but yes the risks are price fluctuations, self custody of your keys and black swan events.
other than that its all piss easy and retard proof.