Vinay Gupta is returning to Ethereum's original mission with his ambitious tokenization startup, Mattereum, to become the backend powerhouse for blockchain infrastructure
said Vinay Gupta, founder ofand former coordinator of Ethereum's initial release, during Cointelegraph's AMA session."The idea was that we could use blockchain to govern infrastructure in the real world. There was this idea that we could tokenize real-world assets and get these new efficient economies, just better use of capital globally to provide people with bare goods, bare services with less waste and inefficiency. But that didn't happen.
He identified unreadiness in regulation as one of the factors that led Ethereum to off-track, which became a priority for Mattereum to solve."Working with lawyers and convincing them to support our cause proved to be a lengthy process. It took us four years to complete our first transaction and six years to reach a point of being able to securitize. As a result, it's now possible to legally gain control of almost any asset in most countries in a completely legal way.
In this case, I expect a level of social transformation and revolution much greater than what happened with the invention of credit cards and debt. Moreover, co-owned societies are much more benign and friendly.”
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