đ° Real World Assets are going to explode in 2024
Here Iâlld be showing you everything you need to know about these Major RWA projects
Just in case you aren't conversant with the RWA(Real World Asset) concept, it is the tokenization of Real and Valuable assets.
These assets range from Securities to Real estate, Precious metals and commodities, etc.
A report by CoinDesk showed RWA would be a significant means of onboarding TradFi into Web3.
This tokenization system has also developed in which systems are created to make multi-ownership possible.
The fractionalization of RWA shows how interested people are in the sector.
Some advantages of RWA include
âą It lowers costs by removing the middlemen barrier
âą Lowers barrier of entry, thereby creating more liquidity
âą Utilizing the blockchain introduces transparency and accountability
âą Bank of America recently called RWA tokenization "A key driver of digital-asset adoption."
The vital question remains: how can users benefit from this.
I will be showing projects that are doing something right in this sectorđ
1). Polytrade_fin â #TRADE $Trade $0.4
Polytrade will act as an aggregator so everything that finds space in the blockchain and tokenized can actually be listed on Polytrade, imagine it as an Opensea or 1inch for RWA, imagine opening the doors to a 24/7 bond market.These will generate more revenues
Itâs a Mastercard Start Path Member.
This intends to be a hub where RWA would be bought and sold like in an open market.
$TRADE is the governance token of the Polytrade ecosystem
With the kind of tech built, this token has massive potential.
2). ClearpoolFin â $CPOOL #CPOOL
RWA Lending. $0.04
Clearpool is amongst the fastest-growing optimism protocols, which has been able to grow to over $8.3M in liquidity over the past month. Aside This, they also
âą Revamped their tokenomics, which doubled their revenue while reducing emissions to aid sustainability
âą Launched a new staking model intended to incentivize holders while reducing the circulating supply to aid positive price moves