WallStreetBets, an American retail stronghold, recently launched Tesla on its decentralized application WSB DApp based on blockchain.Wait for the company's "mirror stock".
The App will now offer composite versions of these real-world stocks, including Tesla and Amazon, AppleNetflix, Microsoft, GoogleParent company Alphabet and TwitterWait for the stock.
These digital assets are designed to reflect the prices of stocks they reflect, but do not involve the actual trading of real stocks (that is, betting). Unlike traditional stocks, synthetic assets manage to avoid all the rules and obstacles of the regulated financial world. Traders can exchange synthetic stocks anonymously 24 hours a day without restrictions such as "know your customer" (KYC) rules or capital controls.
WallStreetBets said the "explosive addition" of DApp would further integrate DeFi and traditional markets to create a "high-end encryption application" similar to Robinhood for retail investors on the blockchain.