Brazil’s B3 stock exchange made headlines last month when its tokenized cows went viral.
A farmer in southern Brazil was able to use 10 cows as collateral for a 100,000 Brazilian real ($19,600) loan by virtually herding them into a blockchain based holding pen, demonstrating how farmers can literally milk their assets to access credit.
And it raises an obvious question: if cows can be tokenized, what can’t be?
From dairy cows to a year’s worth of farts, here are 10 of the strangest things to be tokenized onchain.
1. A year’s worth of farts
When BlackRock chief executive Larry Fink said every asset will eventually be tokenized, he probably wasn’t thinking about flatulence. Yet, that’s exactly what happened here.
Every bit as appealing as, well, a year’s worth of farts, it has to be a contender for the strangest thingever to make it onchain.
It was during the pandemic, when most people were baking bread or leveling up on Duolingo, that filmmaker Alex Ramírez-Mallis recorded his own farts and minted each one as a nonfungible token (NFT).
They say farts are like children, and you only love your own. But the novelty factor meant that Ramírez-Mallis was able to sell his for 0.05 ETH each (about $85 at the time), proving that every asset has its price.
2. Cows
Better known as a prime source of protein in Bitcoin circles, the idea of turning 10 Brazilian cows into tokenized cattle… er, tokenized collateral, is not the most obvious use case.
The deal was structured by Brazilian investment fund Target FIDC, giving each cow a unique digital token linked to an encrypted digital identity.
Larry Fink says every asset can be tokenized. Source: BlackRock
The first loan may have been worth just $19,600, but it was a proof of concept that shows the potential to eventually support around $80 million in livestock-backed financing across its farms.
While it sounds somewhat bizarre on first glance, the agriculture industry generated around $4 trillion in global value added in 2023, so watch out for tokenized sheep, goats and…
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