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Tokenization Nation Strikes Again – Welcome the Latest Batch of Equitied Hot Air Balloons

Crypto NewsDeFiEthereum 2 Sam Rogers August 15, 2024

An illustration of five hot air balloons in various colors floating above the cityscape, each balloon representing one of the newly introduced tokens (bMSFT, bGME, bMSTR, bTSLA, and bGOOGL). The balloons are tied together with a rope that forms an arc shape. In the background, there is a subtle image of a blockchain network represented by interconnected nodes and lines. A few birds fly around the hot air balloons, adding movement to the scene. At the bottom left corner of the illustration, a small cityscape can be seen in silhouette form.

Here we go again! Another bunch of numbskulls trying to convince us that cryptocurrency has some sort of inherent value, this time by tokenizing equities. Newsflash: it’s just numbers on a computer created from nothing

Source: bitcoin.com

From Microstrategy to Gamestop — Backed Introduces 5 New Tokenized Equities
https://news.bitcoin.com/from-microstrategy-to-gamestop-backed-introduces-5-new-tokenized-equities
Backed, a firm specializing in real-world asset (RWA) tokenization, has launched five new tokenized equities. The newly introduced tokens represent stocks of prominent companies, offering non-U.S. investors exposure to these assets via blockchain technology. Backed‘s new tokenized equities include bMSFT (Microsoft), bGME (Gamestop), bMSTR (Microstrategy), bTSLA (Tesla), and bGOOGL (Alphabet Class A). These tokens, fully backed by their respective stocks, allow investors to trade around the clock on blockchain platforms. […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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