Tokenized shares bridge trading gap on blockchain By Cointelegraph
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© Reuters. The Dramatic stock squeezeThis January saw the transformation of r/WallStreetBets from an obscure Reddit group to a powerful financial platform that cannot be overlooked. But lost among the memes, trading app drama and hand-wringing over the sanctity of the stock market was one surprising outcome: GameStop’s share price didn’t just rise — the company actually listened to its many new retail investors and aggressively ramped up its strategy to focus on e-commerce. The real transformation occurred, not just because of an isolated market glitch. Instead, investors made by r/WallStreetBets users led to the actual transformation of the company many Wall Street analysts had predicted would be doomed.
Similar: GameStop opens up the doors to decentralized finance inadvertently
Jaime RogozinskiWallStreetBets was founded by him. This internet movement sparked the phenomenon known as the meme stock. CNBC and The Wall Street Journal have published him. Currently, he’s working with founding members of the WallStreetBets movement to create a decentralized autonomous organization in which tokenized shares and crypto assets can be accessed by everyone in the form of ETPs, which are like index funds but digitized, available to all and much, much harder to manipulate.
Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.
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