Author: 0xkyle Translation: Shan Ouba, Golden Finance
The term "Internet Capital Market" can have multiple meanings. In the current context, it typically refers to the "alchemical" results brought about by blockchain technology: financial technology that transcends geographical boundaries. You can use "magical internet currency" for collateralized lending, tokenized government bonds and private credit, and the widespread use of stablecoins—everything in today's world where traditional finance and digital assets merge is collectively referred to as the "Internet Capital Market."
But for traders who have been active on the chain for the past few years, its implications go far beyond this. The Internet capital market is not just "on-chain government bonds"—it also includes various speculative instruments such as NFTs, DeFi, ICOs, and the tradable tokens that have emerged alongside them. This all began with the deployment of the first smart contract on Ethereum in 2015.
In this article, I would like to delve into the Internet.