Blockchain oracle

Um, and then it has a launchpad as well to, to, to do all this.

But beyond that, and I guess most importantly, it has all of the infrastructure Um, within the API to then link it to every single tool, both on-chain and off-chain, that an agent needs to, you know, autonomously post on X and get XYZ data feed from, you know, a, a, a Web2 payments provider and, and get on-chain data from a Web3 price feed and, um, maybe have like Oracle integration and, and market data from an on-chain, uh, Etherscan, for example, right? So it's, it, it basically becomes a, a de facto infrastructure stack, m- more important-- which is more important than just having a, a, a launch pad with, uh, memetic agents, let's call it.

Sure.

Like, uh, I, I-

So tokenization of any asset today, um, is, is a solvable problem.

Uh, however, it's the underwriting, the Oracle design, liquidity, the legal structure and enforcement around this, and even the pricing.

So t-tokenization creates this on-chain asset, but it doesn't automatically create a functioning credit market.

Um, so I think Midnight addresses that like rate maturity layer, but we don't-- we're not solving every other RWA constraint.

At the same time, As a Bitcoiner or as a hard money enthusiast will know, you're still not censorship resistant when you're tokenizing all these assets.

You still run into Oracle problems.

You're not censorship resistance.

You're not seizure, seizure, seizure, seizure.

Something may spring from this, but if you really want to, you know, guarantee a prenup situation, you should probably think about doing an escrow transaction on chain somehow with a, you know, there's probably an on-chain way to do that.

the problem with Bitcoin is it doesn't have an Oracle, right? It doesn't actually know what's happened in the real world.

So you'll also need human elements and institutions of some kinds, maybe not of the old kinds, but some kind of new institution or something surrounding the technology to, to know when the conditions of a prenup get triggered, say.

But anyway, my thought is you probably don't need one because if you're going to share your life with somebody, share your life and your wealth with somebody, if you're going to share your money with somebody, then that should be a choice that both of you have made.

The, the multipurpose token is et- effectively a fungible NFT, so you can exchange it for other shares, um, would be the main way that I think it's gonna be used, but I'm sure there's other use cases for it.

Uh, Oracles, um, to be able to, you know, push price feeds for markets on the XRP Ledger.

Just tons of stuff, right? All the infrastructure that you would need to be able to tokenize markets at scale, uh, and, you know, complete the settlement, um, while having a, a neutral bridge asset that sits on the network to be able to exchange value if it's the cheapest, fastest way to be able to do that.

Uh, and XRP is what moves value on the network.

And I do think you are starting to see winners.

I don't really want to use that term, but I mean, you talk about Chainlink and a lot of what they're doing as far as interoperability and their Oracle solutions are concerned.

You know, they seem to be very dominant, certainly within the cryptocurrency space.

You talk about certain public ledgers that have more stable coins or bond issuance or things like this.

That's what they would do with their normal... vendor profile when it comes to any part of their stack, right? So I know most enterprises don't put all of their eggs in the same cloud provider.

They'll spread their spend out to Amazon and to Oracle and to Microsoft, right, as an example, because they don't want to have all their eggs in any one basket.

And Google, I just skipped Google, but you know what I mean? They literally are making these decisions with all of their other vendors.

And the same thing is true with us.

It can really be about using our strength, the strength of our 1,500 plus validators that we work with to make sure that everyone can participate, right, in the features that we've built.

So coming from Chainlink, if I can pick up on that and maybe it being quite similar in the sense that if you look at what Chainlink enables, it's that kind of, not security, but embedment of real-life data.

Oracle feeds and things like this, and now they're looking at other things like CCIP, and they're actually... very unique in the sense that they provide that for the industry as a whole.

Perhaps suggesting kind of the same thing but for security? Am I off a bit here,

So chain link apparently now controls like 70% transaction volume.

Because they're the Oracle provider, the interchain operability provider.

They're kind of a monster company now.

Their CEO goes to all the Trump White House dinners all the time.

I mean, at the same time, McDonald's is a huge company and their stock is not particularly high.

Like there is a lot to be said for market sentiment.

And Chainlink is a crypto specific thing that you say Oracle to even a lot of normal crypto users.

And they're going to be like, I don't know what that is.

You understand how Uniswap works? Deposit ETH and see how the impermanent loss works.

You want to see Oracle design? Get rugged when the Oracle malfunction happens.

And that for me, it's always been, you know, you can use these things.

90% of the venture VC guys don't use these things.

So if one market fails, the impact stays contained within that vote.

Most votes also include protections like utilization caps, Oracle checks and circuit breakers to guard against that volatility.

So yeah, then second, I would say is the compliance compatibility.

An example of this is like PayPal's PYUSD stablecoin, for example, which earns yield through tokenized T-bills with on-chain reporting.