(VIANEWS) – Raoul Pal, CEO of RealVision, said that social, or community tokens, will be the next major development in crypto markets and can disrupt traditional industries.

Business Insider reported that community tokens are a type of cryptocurrency that is tied to a corporation, organization, or even an individual. The concept is that token holders will receive benefits from the issuer, like as unique material, access to group chats, or digital goods.

Raoul Pal said that “tokenizing things changes the equation – it will not be long before Disney tokenize, because they have super fans, who want access to parts of the community.”

The rising adoption and popularity of bitcoin, the largest cryptocurrency by market value, has been aided by a strong feeling of community.

Social tokens, like many other digital assets, are decentralized and run on a blockchain network, similar to regular cryptocurrencies or digital collectibles such as non-fungible tokens.

Pal believes the social token market will grow from a “billion dollar” to a “trillion dollar” company in the next five to ten years, and he plans to launch his own.

News about Bitcoin

Forex today: dollar pressured except against the euro, Bitcoin recovers, pmis eyed. According to FXStreet on Friday, 23 July, “Cryptocurrencies have been extending their recovery, with Bitcoin flirting with $33,000 and Ethereum advancing toward $2,100. ”

Bitcoin hits key level not seen since May amid wood, musk boost. According to Bloomberg Quint on Sunday, 25 July, “Wood said corporations should consider adding Bitcoin to their balance sheets, while Square Inc. CEO Jack Dorsey said the coin is resilient.”, “Options activity indicate that $35,000 could act as a ceiling for Bitcoin for July, he said, but added that in the next couple of months “Bitcoin should face little resistance between $35,000 and $40,000 levels.”

Bitcoin key to twitter’s future, says jack dorsey. According to Benzinga on Friday, 23 July, “Price Action: Bitcoin is up 2.1% during the last 24 hours, trading at $32,707.65 at press time.”, “In February, Dorsey and rap star Jay-Z announced a $23.56 million endowment to a trust fund that will fund the development of Bitcoin in Africa and India.”

More news about Ethereum (ETH-USD).

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