ETH Tokyo 2023 Take-Aways

Going to a developer-focused gathering like ETH (Ethereum) Tokyo, one sees deep computer science at work, not an obsession on prices and profits. The crypto computer, not the crypto casino, emerged. The Tokyo event agglomeration attracted 1500 technologists from 59 countries who joined forces to build 311 projects on the Ethereum blockchain protocol from April 14–16.

When watching the 311 project teams present on their use cases, it became clear that nearly every economic vertical is going through a two-stage process of first digitization and then tokenization.

Tokenization is much broader than just crypto, becoming applicable to every economic sector. Crypto is just the tokenization of one sector, financial services.

Art has been one of the first sectors, or verticals, to go through tokenization. Music, videos, cross-border commerce, real estate, energy, and government services are sectors quickly following behind. When a car in 2030 automatically connects with the parking lot to pay for parking, that will use the tools being built today. It was clear how ETH Tokyo brought together the bright software builders that were creating the tools to be used for economy-wide tokenization.

Ethereum network projects were building the digital infrastructure that will support tokenization of everything. Focused on software development, the Ethereum technology entrepreneurs were most focused on blockchain code and the theory behind tokenization , contrasting from the financial-blockchain–”crypto folks”…