Episode 94: Navigating the Wild West of Web3 with Shermin Voshmgir

In this episode Shermin Voshmgir, Founder of the Token Kitchen and Author of Token Economy, and Alex Bausch, chairman of 2Tokens, discuss the evolution and future of tokenization, particularly in the context of blockchain, Web3, and digital assets. Together they reflect on the progress since the early days of tokens, the complexity of updating content in books to match current developments, and the expansion of decentralized finance (DeFi) from a minor topic to a significant focus area.Shermin and Alex go deeper into how tokenization is often equated with digitalization and emphasize that it's more than just finance—it can involve various rights like voting, management, and information. They draw parallels between the early internet and current blockchain technology, noting that while the general public is still unfamiliar with Web3, its impact could be transformative once a major application (like Facebook was for the internet) emerges.The conversation touches on regulatory challenges, particularly how national laws struggle to keep up with global digital services and decentralized systems. Shermin and Alex express that regulation is often outdated, complicating the adoption of new technologies. They also discuss the potential of tokenization in various sectors, particularly finance, real-world assets, and energy, noting that while tokenizing assets is the "low-hanging fruit," the real transformative potential lies in more complex use cases.The discussion concludes with advice on how to approach token system design—starting with clear economic and social goals before addressing technical and legal aspects. This approach can help navigate the "Wild West" of the current regulatory environment more effectively.Participants:Alex Bausch: https://www.linkedin.com/in/alexbausch/Shermin Voshmgir: https://www.linkedin.com/in/sherminvoshmgir/Do you want to join one of the use cases? Contact us via [email protected] more on our blog 👉 https://www.2tokens.org/newsFollow us on LinkedIn 👉 https://www.linkedin.com/company/2tokens/mycompany/?viewAsMember=trueTwitter 👉 https://twitter.com/2tokens_org?s=20Website 👉 https://www.2tokens.org/Send us Fan MailSupport the showDo you want to join one of the use cases? Contact us via [email protected]  Read more on our blog 👉 https://www.2tokens.org/news Follow us on LinkedIn 👉 https://www.linkedin.com/company/2tokensTwitter 👉 https://twitter.com/2tokens_org?s=20 Website 👉 https://www.2tokens.org/