By: GCR Fellows Raunak Chowdhury and Jerry Yu
Yesterday, we had the opportunity to meet Adrian Zhang, who graduated from Duke University from 2011. He is also the founder of Cooper, a cryptocurrency exchange platform that plans to revolutionize the way cryptocurrency can be integrated into everyday life. Suppose tokens are used to purchase goods and services but you don’t want to hold onto the token to receive the good or service because the price can fluctuate. By using Cooper, the consumer will be able to convert their account balances into a utility token that is immediately redeemed for a good or service, leaving no market exposure to the underlying utility token.
Adrian believes that in the future, tokens can replace goods such as tickets, and purchase services like car service. In the case of a good such as a ticket, tickets can be resold and the content producer does not receive any of the profit from the resale. “Think of a Beyoncé concert,” Adrian...
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