We have seen some of the assets backed crypto coins in the market on the way and do you guys think this will be the future as this is directly based on national assets like gold and other products like charcoal and energy based products. This will help in growth of country's economy if not taken over by greedy corporatesand and and will it have government's support or soft corner in the regulator's eye as it will bring in some money from outside.
I think this is just a normal sponsorship activity like other businesses do with products or assets around the world. The purpose is to demonstrate the potential and value of the business.
I personally don't feel there is anything special here. What is even more remarkable is that it is Blockchain technology. It is making more and more billion dollar enterprises.