In this edition of Cointelegraph’s podcast, “Hashing It Out,” host Elisha Owusu Akyaw sits down with Micah Yeackley, co-founder of Kula DAO, a project that aims to tokenize a wide range of real-world assets on the blockchain. The conversation explores the potential of this sector in the Web3 space and its implications for developing markets.
During the interview, Yeackley explains that the tokenization of real-world assets encompasses a broader range of asset types than most people realize. While Kula initially focused on natural resources, the project soon realized that anything with real-world value could be tokenized, including water resources, agricultural projects, and real estate developments.
Given the vast array of assets that can be tokenized, Yeackley suggests that projects benefit from having a diverse pool of assets, which is the approach taken by Kula. He elaborates on the “DoubleDAO,” a component of Kula DAO’s governance structure that combines Web2 and Web3 governance principles to ensure a balanced decision-making process within the decentralized autonomous organization (DAO). The Double-DAO provides asset-layered protection to safeguard the voices and participation of key stakeholders. Additionally, the inclusion of a “RegionalDAO” allows local communities affected by the assets to actively participate in the decision-making process.
Yeackley also highlights the positive impact of Kula’s rollout in Zambia, citing changes such as equal pay for women and the construction of social amenities resulting from the voting process at a partner mine.
In terms of regulation, Yeackley acknowledges the challenges faced by projects in this sector. However, Kula has obtained pre-approval from the Virtual Assets Regulatory Authority in Dubai, positioning it to become the first regulated RWA DAO to tokenize natural resources and commodities. Yeackley believes that regulation should be viewed as the first step, rather than the last, in a sector with extensive regulation in the traditional financial landscape.
To delve deeper into this topic, you can listen to the latest episode of “Hashing It Out” on popular podcast platforms such as Spotify, Apple Podcasts, and TuneIn. For more informative podcasts, you can explore Cointelegraph’s complete catalog on the Cointelegraph Podcasts page.
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