Overview of Brickken
Brickken is a decentralized protocol whose objective is to bring companies’ capital on-chain, through the tokenization process. Companies on the blockchain have the ability to manage their equity in a more efficient way and in addition issue Security Token Offerings (STOs) as a crowdfunding mechanism for their own capital, or for any assets they have or want to acquire, without the need for intermediaries. We believe in decentralization as the foundation of tomorrow’s economy, and thus, we are helping companies get onboarded into Web3 to help boost-start tomorrow’s Token Economy.
Our dApp provides the necessary tools for managing the companies on-chain, from secondary market transactions to voting polls, and all the necessary tools for administering token-holders and the company holdings. This protocol facilitates the transition from off-chain and on-chain and serves the purpose of providing the needed infrastructure for DAOs to operate as well. We foresee a future of new economic agents converging in the blockchain, where B2B, B2C, B2D, D2B, D2C, and D2D transactions become a reality, and Brickken is its enabler.
Interview with Edwin Mata- CEO of Brickken
About the recent market condition, do you think what signal might dispel pessimism in the market, following a string of disasters?
We need to take into consideration macroeconomics when talking about markets. It is impossible to take one without the other, and doing so is what leads to losses as you are taking action based on hope and not on data. Thus, inflation has clearly been the driver over the last few months. Markets are welcoming recent lower readings in the US CPI. However, we must remember that inflationary pressures are easing but are nowhere to be done. For instance, crude oil has recently recovered the $100 per barrel price tag. Markets only need a few more weeks of commodity prices moving up to recover fears of an aggressive Federal Reserve. All in all, it seems rather clear that economic growth will contract over the next quarters both in Europe and the US. If this materializes it wouldn’t support the optimism seen nowadays.
We also have to take a close look at Nasdaq. It appears that crypto enthusiasts want to disregard equity markets when speaking about crypto. But hard data clearly shows a high correlation between tech stocks and cryptocurrencies. It has now been broadly reported that some top tech companies expect a slowdown in sales, which has been accompanied by large layoff announcements.
These factors suggest that we should navigate with caution. History teaches us that every bear market has multiple rallies. Even the dot com bubble ended with various 30% rallies that were shortly thereafter taken to new lows. After a nearly 100% rally in ETH in just a few weeks, we don’t want to be carried away by FOMO and speculative views.
In the global economic and technological transformation, how far do you believe the crypto industry will progress?
t will become the standard, and the answer has already been provided by the institutions themselves. Central banks are testing Central Bank Digital Currencies (CBDCs), which are basically tokenized legal tenders. This means that the world is getting ready to use blockchain, as the underlying technology by which all economies will be running on.
If this is not a clear indicator on the capabilities that blockchain brings, and how much progress can be made, then I truly do not know of a bigger detonator and indicator.
tock markets are getting ready to be run on blockchain. For example in Europe, in March 2023, the pilot regime for market infrastructures based on distributed ledger technology, will go live, which will allow the mass adoption of Security Token Offerings (STOs).
Can you share with us how your project and your team formed?
We have created out of the pain of three of the founders. We wanted to enter the real estate market for flipping apartments. Two of us were freelancers at the time, so the bank placed us at high risk for default, regardless of the stability or income we had. This pushed us into looking for alternatives, so we engaged with crowdfunding platforms, and that’s where saw that the sector could be improved and optimized, and thus the story of one thing leads to another is true for Brickken.
What is the outstanding feature of your project compared to others?
We are approaching the securities market via decentralization. We are not only using blockchain technology, we also created a decentralized application (dApp), which allows any company to use our protocol for tokenization without intermediaries. As we started developing the dApp, we saw that tokenization was just a step for companies to be brought on chain. Therefore we started building a management solution that covers many aspects pre and post-tokenization. Brickken started to evolve in infrastructure, and now is targeting DAOs as well, since they share many pains when managing a token economy.
What are the challenges in your project’s development up to now?
Our dApp is built on Ethereum, so now we are talking with various foundations from blockchain projects to begin building bridges. Pursuing to be blockchain agnostic is a complex task as it not only means placing specific resources to such development, but also establishing which blockchains or layer 2 to target, and in the world of blockchain where every day there is innovation, this adds complexity to bridging.
What is the project’s vision in the enormous blockchain space?
We have no doubt everything will be tokenized, and Brickken has a big commitment to fulfill in helping tomorrow’s economy to exist. If we help to bring companies on-chain, tokenize their equity and assets, and provide DAOs with infrastructure to operate as economic agents, then we would have fulfilled our commitment.
Do you think the crypto winter will come soon? If yes, what will your project do?
Whatever happens, a company needs to be ready for a positive or a negative scenario. In this sense here in Brickken we have enough runaway till the next bull market, and furthermore, we are doing our strategic round as we speak. While we have money to last, we are pursuing more muscle as we know many competitors will not make it, so we are presenting ourselves as the winning horse in the tokenization space.
Do you think this crypto winter will differ from previous winters? Why or why not?
Yes, it will, as more projects were built, and innovation in many verticals in the blockchain was occurring. Bear markets are good for cleaning the space, and I do believe many of the serious solid builders will survive.
Innovation is an ever-expanding circle, and thus the space grew in maturity these past couple of years. If we establish that all projects that survived in 2017 became very solid and led to new ones, and this time around blockchain was being adopted at a faster rate, from the public and private sectors, then we can state that the next bull cycle can put us closer to the much desired mass adoption state.
In your opinion, what should crypto investors and project builders do in the current gloomy market situation?
Crypto investors should always be reading different kinds of economic news, and not only go to the channels they like to hear. We need to consider all types of data and thus it is irresponsible not to be connected to different points that can allow us to make more educated decisions.
For project builders, tattoo in your body the word Resilience, the journey on how one achieves it is personal, but the end is the same, it allows seeing the negative as positive, the drawback as a push forward, the pain as a gain, as you put yourself in the position to understand that everything that is occurring around you is part of the journey on you making it.
What role will your project play in the upcoming development of the cryptocurrency market?
We will help enable the token economy by bridging web2 to web3, offline to online, manual to automatic, as tokenization is all of this and more. We are in the early stages of understanding its true capacity, and thus the word more is just a big bag of possibilities waiting to be defined.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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