Blockchain
What is RWA in Crypto: Top 10 Real-World Asset Projects in 2024
Real-World Assets (RWAs) in cryptocurrency represent a rapidly evolving sector that bridges traditional finance with decentralized finance (DeFi). These digital tokens correspond to tangible or financial assets outside the blockchain, such as real estate, commodities, bonds, and even carbon credits. The process of tokenization, which involves converting these real-world assets into digital tokens on a blockchain, offers significant benefits, including enhanced liquidity, accessibility, transparency, and reduced transaction costs.
Top RWA Protocols in 2024
Here are some of the leading projects in this space:
1. Ondo Finance:
– Focus: Tokenizing stable, yield-generating assets from traditional finance, like US Treasuries.
– Key Features: Offers products like tokenized versions of BlackRock ETFs and introduces yield-bearing stablecoins.
– Security: Backed by security audits and runs KYC checks for compliance.
– Stakeholders: Governed by ONDO stakeholders and operates through the Ondo Foundation and DAO.
2. Centrifuge:
– Focus: Lowering capital costs for SMEs by tokenizing assets like invoices and real estate.
– Key Features: Decentralized governance, integration with DeFi protocols like MakerDAO, and offers diversified, stable yields backed by real-world assets.
3. RealT:
– Focus: Fractional ownership of US real estate through tokenization.
– Key Features: Allows global investors to purchase shares of US properties, ensuring blockchain-secured passive income.
4. OpenEden:
– Focus: Exposing investors to US Treasury bills through blockchain.
– Key Features: TBILL Vault allows minting of TBILL tokens backed by US Treasuries, offering liquidity and transparency.
– Compliance: Operates under strict KYC and AML procedures.
5. Maple Finance:
– Focus: Providing high-quality, overcollateralized lending opportunities.
– Key Features: Targets institutional borrowers, offering superior yields and cash management through tokenized assets.
6. stUSDT:
– Focus: Tokenizing US Treasury Bills on the TRON blockchain.
– Key Features: Offers passive income through tokenized real-world assets with instant settlement on the JustLend platform.
7. Tangible:
– Focus: Tokenizing physical assets like real estate into TNFTs.
– Key Features: Provides a stablecoin (USDR) backed by real estate, offering fractional ownership and consistent yields.
8. Mountain Protocol:
– Focus: Yield-bearing stablecoin backed by U.S. Treasury Bills.
– Key Features: USDM token provides a 5% yield, with transparency and compliance at its core.
9. Solv Protocol:
– Focus: Tokenizing high-quality yields through innovative financial NFTs.
– Key Features: Introduces Liquid Yield Tokens and vouchers, offering a new class of digital assets.
10. SuperState:
– Focus: Tokenizing U.S. Treasury securities to modernize traditional finance.
– Key Features: Offers tokenized Treasury funds, integrated with DeFi for seamless management of assets.
Benefits and Challenges
Benefits:
– Accessibility: Allows fractional ownership, making traditionally illiquid assets more accessible.
– Liquidity: Provides higher liquidity by enabling 24/7 trading and transactions.
– Transparency: Ensures all information is recorded on the blockchain, reducing the risk of fraud.
– Cost Efficiency: Reduces transaction costs by eliminating intermediaries.
Challenges:
– Regulatory Compliance: Protocols must navigate varying laws across jurisdictions, making compliance critical to their success.
– Security and Trust: The integration of traditional finance and DeFi requires robust security measures to ensure the trustworthiness of tokenized assets.
Future Prospects
The market for tokenized real-world assets is projected to grow significantly, potentially reaching trillions in value, according to reports by Boston Consulting Group and others. As these protocols continue to innovate and adapt to regulatory requirements, they are likely to play a pivotal role in the convergence of traditional and decentralized finance, paving the way for a more inclusive and efficient global financial system.
Source: cryptopotato.com
The post What is RWA in Crypto: Top 10 Real-World Asset Projects in 2024 appeared first on HIPTHER Alerts.
Alpine Web3 and Everdome are joining forces to push the boundaries of fan engagement through immersive digital experiences. Building on Alpine’s storied motorsport legacy, this partnership will bring fans closer to the action with metaverse pop-up spaces and interactive events.
As Alpine Web3 shifts its focus beyond motorsport, this collaboration aims to redefine sports marketing by merging the physical and digital worlds, offering fans a dynamic and innovative way to connect with their favorite teams and events.
Alpine is a brand with a long and successful history, founded in 1955 by Jean Rédélé and quickly building success across multiple motorsports disciplines. With titles across multiple motor racing disciplines such as the World Rally Championship, 24 Hours of Le Mans, success in F1® racing and the FIA WEC Endurance World Championship, Alpine has constantly innovated for success.
Now Alpine seeks to expand their innovation beyond motorsport, looking for ways to engage new audiences with experiential sports marketing as the real and digital worlds converge.
This two-way partnership will see Everdome work on a variety of experiential Alpine focussed destinations, kicking off with a series of metaverse pop-up spaces for Alpine Web3, released to coincide with the major sporting events across their race calendar, from Formula One® and beyond.
Everdome will also create interactive events with Alpine Web3 and their partners, allowing global audiences to take one step closer to the action as we explore the future of sports fan engagement together.
Last year, Everdome and Alpine first collaborated with an exclusive metaverse AMA with their F1® driver Pierre Gasly and Binance Fan Token, creating an interactive event where the audience could join with their avatar-likenesses inside a unique environment, bringing them closer to their racing heroes inside a digital world.
“Experiential marketing is on the rise as audiences react positively to immersive, interactive experiences which bring a feeling of deeper involvement with their sporting teams and heroes.’’ said Artur Kaczmarczyk, Chief Growth Officer for Everdome. “This new partnership will explore a future of sports fan engagement, creating a series of activations across the motorsports racing calendar to let global Alpine fans feel closer to the team, drivers and brand.’’
Beginning with metaverse spaces highlighting images and videos from Alpine inside fully interactive, avatar-led digital environments, Everdome will go on to create a dedicated and permanent metaverse footprint for Alpine Racing inside their digital headquarters, showcasing their glorious history, exciting present and promising future.
“This collaboration with Everdome underlines our commitment to constant innovation through leveraging the latest technology”, said Guillaume Vergnas, Head of Merchandising, Licensing, Esports & Web3 at Alpine. ‘’Motorsport has always been about passion, spectacle and interaction, and with Everdome we seek to allow audiences a taste of the spectacle in a novel digital world.’’
Everdome will introduce their large community of web3 followers and metaverse pioneers to Alpine’s exciting web3 ecosystem, paving the way for some exciting cross-project collaborations, activations and more across 2024 and beyond.
The post Everdome and Alpine Web3 Redefine Fan Engagement with Bold Metaverse Vision appeared first on HIPTHER Alerts.
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