11 June 2018Craig Sellars, Co-Founder of Tethers: Blockchain Allows the Creation of Assets with Additional Attributes
A digital asset can be non-fungible and an interactive object with predetermined behavior, giving value to a new form of tokens.
Fungible coins like Bitcoin, Litecoin, and Ethereum are just the start - but digital objects are the future of what can become of blockchains, explained Craig Sellars, co-founder of Tether, at the d10e blockchain event in Tel Aviv.
If you have a tether token, you can redeem it for dollars, said Sellars, as an example of an additional feature making a token unique. Or, a token could cause viral buying and encourage interaction, said Sellars.
Such assets can also look for information outside the blockchain. Collectible items are also unique digital objects that are unique, and held in a wallet. Tokens can also become collectible, like valuable coins.“It’s no longer speculation that changes the value, it makes information change the value,” said Sellars.
There are experiential assets, not simple value assets. Sellars believes there will be trillions of unique digital objects, allowing for collections or experiences, and interacting with the outside world.
Non-fungible tokens already exist, mostly in the form of crypto collectibles. There are ERC-271 tokens that are non-fungible, with specialized features...