Since the creation of blockchain about ten years ago the cryptocurrency landscape has seen an almost awe-inspiring amount of use cases and developments. Recently, tokenized assets (usually belonging to the Ethereum network) have become all the rage. Gold, real estate, oil, and even bananas have been tokenized. It’s a great way to provide people with a quick and simple method to tap into markets they would normally not be able to reach. We’re talking about access.
In a way, access is a commodity in itself, and the guys over at Zest.Fund are launching an Initial Exchange Offering (IEO) on the LATOKEN exchange to provide just that.
Zest.Fund is a tech-simple yet articulate use case for tokenization and cryptocurrency in general. It provides a crypto-bridge which connects people to the world of early-stage venture capitalism. See, capitalism is a funny thing. Theoretically, it’s a system built on competitive markets but it’s safe to say the system is inherently flawed.
Where competition is supposed to exist we often see collaboration. Collaboration is a very positive and inviting word but what tends to happen is that the people in power work together to remain in power while building walls (Some symbolic, some actual walls) to anyone outside of the inner circle. In the tech and finance worlds, this means that the general public is barred from all the best deal flow due to overpriced buy-ins and tightly closed networks. Zest.
Fund offers a cryptocurrency crowdfunded syndicate that enters into these high-quality funds as a single entity, thereby meeting their extremely high requirements. In doing so they provide those who don’t ordinarily have the means to enter the market at this level to partake in unique opportunities.
We had a chance to speak with Stuart Farmer, CEO of Zest, about the significance of what they were doing. “Cryptocurrency has always been about the everybody” says Farmer. “What I mean by that is that it was made by the people and for the people. Yes, there’s an influx of institution into the mix but I am a firm believer that blockchain remains a technology built around the idea of freedom.
We’re taking that idea, that freedom which cryptocurrency provides, and applying it elsewhere. By connecting people to high-quality mainstream venture funds we’re breaking down some of the elitism that plagues Silicon Valley and the like. With the IPO market as hot as it’s been it’s only right that everyone gets an equal opportunity to get involved at the right stages.”
Zest will be launching their IEO on LATOKEN in the upcoming weeks. For up to date news and updates on the Zest IEO check in at http://Zest.Fund or join their telegram community at https://t.me/zestfund.