Hey hey lovely degens,

$PROM is excited to introduce Buk Protocol, as a new addition to their ecosystem. Buk is revolutionizing the way real-world assets (RWAs) are managed by leveraging modular blockchain infrastructure to unlock liquidity for dynamic assets like travel deals, tickets, and bookings.

Let’s dive into what Buk Protocol brings and how it enhances the Prom ecosystem. 🧵👇

What is Buk Protocol?

Buk Protocol is a modular infrastructure designed to tokenize and trade real-world dynamic assets — those that lose value over time, like event tickets or travel bookings. By enabling these assets to be traded on-chain, Buk helps users avoid losses from cancellations or missed bookings. It empowers asset owners by creating secondary markets for perishable assets, tapping into a multi-billion-dollar opportunity in the travel and entertainment sectors.

How Does Buk Protocol Work?

Buk operates using a stack of smart contracts, Oracles, and APIs that allow dynamic assets to be tokenized, traded, and managed on-chain. These contracts ensure that the value of the assets is maintained, even as they approach expiration.

Benefits for the Prom Ecosystem

Integrating Buk Protocol into Prom’s ecosystem enhances liquidity and provides real-world utility for assets in sectors like travel and entertainment. By facilitating the trade of dynamic assets, Buk enables Prom users to access new markets and opportunities, while asset owners benefit from reduced losses due to cancellations or missed events. This strengthens Prom’s commitment to creating a more versatile and interconnected ecosystem​.

Importance of This Integration

This integration marks an important step for Prom as it bridges the gap between Web2 and Web3 worlds. By incorporating Buk Protocol’s real-world asset (RWA) solutions, Prom expands its ecosystem’s capabilities, offering users and developers new ways to engage with dynamic assets and unlock their full potential. This partnership enhances Prom’s position in the growing market for RWAs and cross-chain interoperability.