lol ya it’s mostly rent-seekers slapping a blockchain sticker on normal stuff to juice fees
tokenize a house → congrats you own 0.003 floorboard in a DAO. still need judges, cops, and the county recorder when the squatter shows up. the chain doesn’t evict him; the state does.
real use-case so far: faster settlement for margin traders and a new toy for securitized products desks. everything else is IGAs (imaginary gold at 3% yield)
