According to Foresight News, MakerDAO has announced the Spark Tokenization Grand Prix, a competition aimed at tokenizing $1 billion worth of real-world assets (RWA) and integrating them into MakerDAO. The competition is open to all innovators and issuers, with selected partners receiving up to $1 billion in liquidity support. The competition will open for applications on August 12, 2024, and will be judged by a panel including Phoenix Labs and Steakhouse Financial. The criteria for evaluation will include pricing, liquidity, and strategic alignment. Ultimately, the winners will be chosen by MKR token holders through a governance vote.