RAK DAO Head Urges Crypto Community to Overcome Tokenization Challenges

RAK DAO Head Urges Crypto Community to Overcome Tokenization Challenges


Meng Chan Shu, the head of business development at RAK DAO, expressed the importance of continuing to build despite challenges in adopting world tokens. The panel at the World Token Summit discussed how to facilitate mainstream adoption through tracking and forensics analysis. The benefits of asset tokenization were explored, including simplified access to funds and fragmentation of assets. Challenges in navigating tokenomics were acknowledged, such as keeping up with emerging technologies and implementing security measures. Forensic analysis was suggested as a solution to address these challenges. The panel discussed the need for embedded identity solutions to facilitate compliance with KYC and Know Your Transaction rules. RAK DAO’s Shu encouraged the community to focus on the purpose of tokens and continue building despite challenges.

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