Macro trends for Casper
Casper is constantly exploring new ways to empower developers and businesses to build decentralized applications and create new economic opportunities. Tokenization on Casper has the potential to revolutionize traditional markets by fractionalizing assets, allowing for self-sustaining micro-economies to be created, and making financial instruments available to underserved communities.
All kinds of things can be represented on chain, not just financial contracts. This includes tangible and intangible assets like ownership rights of patents, copyrights, real estate, trademarks, and more; in short, any type of intellectual or physical property can be bought and sold in a trustless environment. On Casper, the concept of Cryptographically Secure Authenticity & Ownership Rights (CSAOR) is the backbone of this transformative innovation.
The future of finance is on chain. For it to be successful, there must be a standardized description of how traditional financial contracts are represented on blockchain. Casper is leading the way in the implementation of open source smart financial contract standards, such as the implementation of the open ACTUS standard. These provide a set of common definitions and rules for creating financial contracts on blockchain.
Blockchain technology allows for digital assets, such as art, music, games, and videos, to be tokenized and traded without the need for any intermediaries. This is opening up new opportunities for creators to monetize their work in ways that were previously not possible. Casper’s NFT standard, CEP-78, lays the framework for a sustainable and empowered creator economy.