Coinspeaker Lumia Secures $25M Boost with Strategic RWA Node Sales
Lumia, a zkEVM-based Layer 2 platform built on Polygon CDK, has announced raising $25 million from the sale of real-world asset (RWA) nodes. It shared the development in a post via its official X account, as a show of its commitment to integrating real-world assets into its blockchain infrastructure, setting a new standard in the industry.
This sale might just be the largest RWA node sale in Web3 history. According to Lumia, it realized the said amount in under 20 days, cementing its place as a dominant RWA chain.
The team expressed its excitement at the speed of the sale, adding that it sees the growing interest in Lumia’s disruptive technology from major institutional investors and the community.
Lumia to Drive Growth and Expansion with Fund
With the $25 million raised, Lumia is set to advance its technological capabilities and expand its market presence. The funds will support further development of its Layer 2 solution, as Lumia continues to find ways to optimize transaction processes and enter into more strategic partnerships.
When Lumia announced the sale of its $ORN HyperNodes, which began on July 18 as Coinspeaker reported, it claimed that its ultimate goal was to enhance liquidity in the Lumia ecosystem. So, it might be safe to say that the completed sale is a major step toward actualizing Lumia’s dream of enhanced liquidity and decentralization within its Layer 2 network.
As detailed in a previous company announcement, Lumia’s HyperNodes form a major part of the platform’s strategy. They would facilitate the delegation of licenses to Decentralized Autonomous Company (DAC) and Decentralized Node Liquidity Provider (DNLP) operators. This delegation system is bound to foster a collaborative ecosystem where both node operators and users contribute to the overall health and growth of the network while also earning rewards.
Also, users can engage with the HyperNodes ecosystem in various ways. Other than unlocking rewards and delegating to DAC or DNLP nodes, they can also participate in Node Owned Liquidity or run their own nodes. With such varied options, users can maximize their involvement and benefit from the network’s growth in different ways and according to their preferred choices.
Broader Impact on the Industry
Notably, the recent development is a huge boost for Lumia. However, even as the platform continues to expand its reach, the impact of this kind of approach will spread throughout the blockchain industry. These RWA nodes reflect a growing trend toward integrating physical assets with digital financial systems, promising a more stable and integrated future for blockchain technology.
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Lumia Secures $25M Boost with Strategic RWA Node Sales