Sonce Chapter 2

Once Upon a Time

The humble beginnings of Non-Fungible Tokens (NFTs) on blockchains have been demonstrated in many proof-of-concept applications — from virtual kittens to trading cards to collectible digital artworks.

Betting Against the House

Once real-world assets are tokenized, their DeFi journey can begin. These platforms are backed by companies that handle the tokenization process and serve as a trusted party in the process.

A Security System

Aside from the usual benefits of NFTs being easily tradeable with just a blockchain transaction, tokenization also added a layer of security to the ownership of property through these platforms by making it much, much harder to commit fraud.

It’s Complicated

The DAO can only do so much. It cannot throw a problematic tenant out of your property, neither can it go on the offensive when it comes to collecting overdue rent.

Asset in, Token out

While the digitization of assets is a lot more complicated than putting your title deed into a scanner, the complicated part of the process is handled by a Decentralised Application or dApp.

Home on the Range

The blockchain is global and agnostic — it could not care less where you are transacting from. By extension, so is the DAO.

Your Side of the Room

Sonce’s NFTs also allow for fractional trading, similar to the example mentioned earlier. There are many possible applications for this ranging from shared ownership to inheritance arrangements though the most appealing would be to generate income.

The Golden Goal

Aside from your own assets, Sonce also brings another exciting trading product to the blockchain — Binary Options.

About RiveX Foundation

RiveX is a chain agnostic interoperable layer-2 solution across different blockchain protocols. RiveX aims to empower the next generation of decentralized applications, decentralized finance, and enterprise solutions. RiveX has comprehensive interoperable DeFi solutions such as RX Wallet which aims to integrate DAPPS from different blockchain protocols to enable an interoperable DeFi ecosystem within RX Wallet itself.

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