According to Foresight News, MakerDAO announced the Spark Tokenization Grand Prix, which aims to tokenize $1 billion of real-world assets (RWA) and introduce them to MakerDAO. The competition is open to all innovators and issuers, and selected partners will receive up to $1 billion in liquidity support. The competition will open for applications on August 12, 2024, and will be judged by judges such as Phoenix Labs and Steakhouse Financial. The evaluation criteria include pricing, liquidity, and strategic alignment. Ultimately, MKR token holders will select the winner through governance voting.