The Network State Podcast #20 - Solana
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Jul 16, 2025 
Lily, a tech veteran with experience across the US, China, and Europe, is currently a senior figure at Solana, focusing on tokenizing equity. She dives into Solana's rapid rise in the crypto landscape, exploring how it's creating Internet Capital Markets and enabling micropayments. The conversation covers the fascinating potential of tokenizing equities to democratize ownership and enhance global trading. Lily also discusses the integration of AI in finance, shedding light on the innovative transitions from Web2 to Web3.
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Challenges Tokenizing Physical Assets
- Tokenizing physical real assets faces legal and custody challenges more than technical ones.
- Crypto works better for incentivizing network infrastructure operation than for fractionalizing physical assets themselves.
Infrastructure Nodes vs Tokenized Assets
- Fractionalizing houses on-chain is difficult due to enforceability and control issues.
- Deep infrastructure networks work because the physical nodes are infrastructure, not assets themselves.
Earn Crypto Through Building
- Join regional Superteam communities to learn and build on Solana.
- Earn your first crypto through contributions, not buying tokens, for long-term engagement.