CZ Discusses the Prospects of RWA and Experiences with Memecoins
During a talk celebrating the fifth anniversary of BNB Chain, Binance founder Changpeng Zhao (CZ) shared his observations and experiences in blockchain practice while answering questions. He mentioned facing numerous challenges when trying to trade memecoins early on the BSC network. Despite long-term attention to Trust Wallet and PancakeSwap, he found significant differences in user experience compared to centralized exchanges. Regarding market trends, CZ believes memecoins are entertaining, but their sustainability remains in question. He emphasized the potential and challenges in the realm of Real World Assets (RWA), pointing out that financial assets on-chain must comply with securities or commodity regulations, while other types of assets need to address liquidity and redemption issues. CZ stated that during discussions with institutions like BlackRock about collaboration, the team encountered various practical problems that need to be resolved, and this process holds exploratory value.
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