04-17-2024, 06:25 AM
Zim is the name of the old Zimbabwe dollar.
ZiG = "Zimbabwe Gold". It was originally the name of Zimbabwe's digital gold token when they rolled it out last year. With the recent currency change, they renamed the digital token to be "Gold Back Digital Token" or GBDT so they could name the new currency the ZiG (still short for "Zimbabwe Gold") instead of Zim.
Tokenization of assets has been a growth vector in the crypto space for several years. Blackrock is a newcomer to the industry. They are not leading innovation in the space - they are just using their 800lb gorilla size to capture as much of the market as they can. Blackrock had nothing to do with Zimbabwe's token. Zimbabwe's token was developed before Blackrock jumped into the game.
Connect With Us