The Real World asset market is predicted to hit $16 trillion by 2030!
With investors like BlackRock entering the market, the RWA industry has its brightest days ahead.
Backed by Google and Binance, @rwaassetchain was developed by the same team as @XendFinance and is changing the game.
Here’s how!👇
In recent months, real-world assets have gained traction, indicating a market shift.
Ever wonder how physical assets like real estate and cars can be brought to the blockchain?
Let's explore!
@rwaassetchain is a new blockchain network designed to tokenize RWAs. As an EVM-compatible Layer-1 blockchain, it offers a much cheaper alternative to most existing options, making RWA tokenization both accessible and scalable.
It's important to note that the project is still in its very early stages. Despite this, the team's accomplishments so far are significant, making it worth taking a closer look at the project.
Imagine owning a piece of a luxury car, prime real estate, or a startup—all seamlessly on-chain! Asset Chain makes this possible by tokenizing assets, providing security, transparency, and global reach. It's the RWA concept.
Despite the hurdles ahead, the fusion of RWAs with Web3 offers compelling use cases for consumer experience, including market accessibility, portfolio control, and liquidity access.
If and when this integration materializes, the implications for financial accessibility and asset management will be transformative, as TradFi meets DeFi: face-to-face, token-to-token.
Key perks of Asset Chain
➡️Built on Cutting-Edge Technology 🛠️: It uses Fantom’s Lachesis consensus mechanism, which powers fast, secure, and efficient transactions. With this tech, Asset Chain can handle the demands of complex asset-backed applications, all while keeping costs low.
➡️Low Transaction Costs: Up to 100x cheaper than other L1/L2 solutions.
➡️Seamless Compatibility: Works with Ethereum and other EVM-based ecosystems.
➡️Scalable and Secure: Lachesis consensus ensures scalability without sacrificing security.
Here’s where it gets exciting—Asset Chain enables a wide range of use cases for tokenized assets:
Real Estate: Buy, sell, or hold fractional ownership in properties.
Luxury Assets: Own part of high-value items like cars or art.
Project Funding: Support milestones in a startup’s journey, gaining fractional ownership as they grow.
Peer-to-Peer Lending: Use RWA tokens as collateral to secure decentralized loans.
The Testnet Is Live! 🔥
Great news! All the necessary actions are gathered in the quest, complete with detailed instructions—no need to sift through numerous chats.
Join the quest-testnet and be among the first to experience the future of on-chain assets. 👇🏼
intract.io/quest/670e622fbc5cd3e5f6d59e58?campaign_initiator_type=project_widget&campaign_initiator_id=66fe8050d829f043be6d11fc&card_position=1
Application for @rwaassetchain ambassadorship is also out.
You can check here to apply and see requirements.
assetchainambassador.notion.site/Asset-Chain-Ambassador-Program-11c4035ad1e7805d9b66f0cd016222b6
And that's a wrap.
Asset Chain is revolutionising investment by moving real assets onto blockchain, making it safer and more accessible to all. I recommend looking at the project for the long term because the RWA sector boom and nuggets like this could become top projects in the market.
Consider participating in the testnet and joining their community to stay well-positioned 📌
Follow them @rwaassetchain for more updates