The RWA track is hot again. What other potential projects are there that have not yet issued tokens?
Original author: Arain, ChainCatcher
オリジナル編集者: Nian Qing、ChainCatcher
The RWA track is on fire again.
After Trump won the election, the US policy direction changed, and the market began to pursue the concept of compliance. RWA (Real World Assets) is regarded as the first choice for Wall Street funds to enter the 暗号 world, and has become a major theme in the current bull market.
Even when the overall crypto market experienced a correction, the RWA sector remained resilient and produced a number of tokens with outstanding performance. For example, the dark horse GOAL (soccer agent RWA) in the RWA track has increased by more than 160% in the past 30 days according to Coingecko data; USUAL (stablecoin protocol), which was only listed in mid-November, has increased by more than 120% in 14 days according to Coingecko data.
In addition to these new faces of RWA, investors have seen an opportunity to turn things around. Some old projects have also begun to put old wine in new bottles, such as XRP, LTC, etc., rushing to join the carnival.
As the RWA track continues to heat up, the number of RWA projects has also begun to print in huge quantities. Are you overwhelmed by the vast number of projects? For a preliminary screening, you might as well take a look at the following star RWA projects that have not yet issued tokens.
Lingo
It should be noted that the project conducted a token generation event (TGE) on December 12, and the price has experienced a round of skyrocketing. As of press time, it has not been listed, so it is still listed.
Introduction: Lingo is an innovative reward ecosystem that combines gamification and RWA-driven. Every $LINGO platform fee will contribute to the RWA pool to support Lingos reward ecosystem.
Network: Solana, Base
Lingo is the first RWA (real asset-backed) reward ecosystem that attracts users through gamification. Users can earn points through SocialFi, which helps to increase user engagement and activity.
The project team has a good lineup and has experience in serial entrepreneurship. The team members come from Binance, Consensys, Google, Microsoft, etc. The team founder once created the high-end loyalty company John Paul, which was acquired by AccorHotels for $150 million in 2016. In addition, the team has a good partnership, such as establishing cooperation with NFT market Magic Eden and establishing strategic cooperation with boutique investment company Stewards Investment Capital.
According to Lingos official website, GBV, Morningstar Ventures, Maven Capital and Skynet Trading are all its investors. Lingos vision is to create the worlds most valuable token, trying to solve the problems of cryptocurrency being difficult to understand, having no use value in real life and being too volatile. It is currently very popular on social media. According to official sources, it has received support from more than 250 KOLs and celebrity brand ambassadors.
Lingo currently has a sustainable profit model, which is to charge a 2.5% handling fee for each Lingo transaction, which will be used to purchase high-quality real estate in first-tier cities around the world (such as London, Paris, etc.). The rental income of the real estate will be used for community rewards and token repurchase.
The project has currently attracted more than 8 million Web2 users.
Compute Labs
Introduction: Computational tokenization protocol for financializing AI, directly exposing computing assets, and creating computing derivatives, allowing investors to benefit from the future of computing effortlessly.
Network: Solana
Highlights: This is a project incubated by Nvidia Inception VC Alliance, which combines the concepts of RWA and AI. The project is currently undergoing pre-sales and airdrop activities.
The computing tokenization protocol is the innovation of the project, which is also quite NVIDIA-like. Compute Labs tokenizes GPUs, combines the financialization of artificial intelligence (AI) and real-world assets (RWA), and provides opportunities for direct exposure to AI computing assets, income, and derivatives. GPU ownership is divided into GNFT through the projects proprietary protocol.
Compute Labs has been welcomed by many crypto-native VCs, such as OKX, Amber, Hashkey, ArkStream Capita, Solana and Near Foundation, which have invested in the project.
Redbelly Network
Introduction: Redbelly Network enables asset issuers to tokenize assets into compliant on-chain structured products.
Network: This project is Layer 1, and Redbelly Network is a blockchain designed specifically for RWA.
Highlights: Redbelly Network integrates complete user identity and responsibility at the transaction layer, using zero-knowledge proofs (ZKP) and verifiable credentials to protect user PII. This ensures proper licensing, compliance with jurisdictions, and eliminates duplicate KYC processes. Compliance can be automated and customized by asset class and jurisdiction, without the need for offline registration and paper checks.
The Redbelly Network team has a university and technology background. Its founder and CTO Vincent Gramoli is the head of CSRG at the University of Sydney and a distributed computing researcher. Redbelly BlockChain was developed by the University of Sydney in collaboration with Australias national science agency CSIRO. Patent #12093247 has been obtained in the United States.
Redbelly Network is a high-performance, scalable network capable of processing 20,000 transactions per second (TPS). In addition, it uses a formally verified DBFT consensus mechanism to ensure the security and efficiency of the network.
Compliance advantages. Redbelly is the only project to receive seed funding from an Australian government agency such as CSIRO, and the Redbelly Native ID Protocol enables users and businesses to prove their identity through verifiable credentials and enforce accountability.
Redbelly has been established since 2021. After years of preparation, it is about to launch its native token RBNT, which is currently highly anticipated by the market.
Plume Network
Introduction: Plume is a fully integrated modular chain focused on RWAfi. They built the first modular, composable RWA-focused EVM-compatible chain, designed to simplify access to all types of assets and simplify capital access by unifying the entire chain with native infrastructure and RWAfi-specific functions. Plume is building a composable DeFi ecosystem around RWAfis with an integrated end-to-end tokenization engine and a network of financial infrastructure partners for builders to plug and play.
Network: Plume Network is a Layer 2 blockchain built on Arbitrum Orbit.
As the first fully modular integrated chain focused on RWAfi, Plume Network is committed to tokenizing real-world assets such as solar farms, medical compensation claims, and mining rights. It has successfully put more than $1.25 billion in assets on the chain and accumulated more than 150 projects.
Plume Network has already produced some good user data. In August this year, according to data released by Plume Network, more than 3.2 million users logged into the test network, generating 129 million interactions, of which silver-certified KOLs brought 321,549 interactions with a total value of $900 million.
Plume Network received financing in May this year and was supported by investment institutions such as Haun Ventures, Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures and Reciprocal Ventures. The project has the background of Pond, Echelon 市場, dYdX, Beluga and Robinhood team.
The project currently has high airdrop expectations. The community and users are actively participating in the Plume Network testnet interaction, which is currently deployed on the Ethereum Sepolia testnet. Users can earn mileage points by completing various tasks, such as following Twitter, retweeting, completing galxe tasks, swapping $GOON for $goonUSD, staking $goonUSD, etc.
ヒューマファイナンス
Introduction: PayFi Network provides financing support for global payments and instant access to liquidity anytime, anywhere.
Network: Runs on Ethereum Layer 2 networks such as Polygon, Celo and Scroll
Huma Finance is one of the most powerful platforms in the PayFi space, focusing on solving liquidity issues in the cross-border payment industry. Through the strategic acquisition of Arf Financial and the integration of its business, Huma has established a leading position in the PayFi track and became the worlds first PayFi network with a transaction volume exceeding US$2 billion.
The PayFi Stack launched by the project is positioned as the first PayFi Network. It aims to provide efficient financing solutions for the cross-border payment industry with its unique innovative technology.
Huma Finance has a strong team. Both of its co-CEOs are former Google and Facebook executives. One of them led the successful launch of GoogleFi, and the other led Facebook to achieve breakthrough development, helping the platform reach its first billion users. One sold his company to Facebook, and the other was a core team member who promoted the successful listing of Lyft.
Huma Finance has completed multiple rounds of financing and has been favored by many well-known investment institutions, such as Hashkey Capital, Folius Ventures, Stellar Development Foundation, Distributed Global, Circle Ventures and Race Capital.
Currently, the community and users have high expectations for Huma Finance and actively participate in various activities and tasks released by Huma Finance. However, it is not yet known whether Huma Finance has plans to issue tokens in the future, but the community has certain expectations for airdrops.
Avalon Labs
Avalon Labs, formerly known as Avalon Finance, is a decentralized lending protocol built on Merlin Chain. It consists of three key parts: over-collateralized lending, derivatives trading linked to lending, and algorithmic stablecoins based on lending. The total value locked (TVL) currently exceeds $1 billion.
Public chain: Merlin Chain
The Avalon Labs team is considered a dark horse in the industry and has been rated as the liquidity hub of the Hub of BTC LSDFi and CeDeFi lending, which has a certain influence in the Bitcoin ecosystem. Avalon Labs has received support from Matrixport Venture, SNZ Capital, Summer Ventures, ViaBTC and Paka, and KAKA, Degen Pool, CSPDAO and others have also participated in the investment.
The L1 general-purpose blockchain ZetaChain launched by the team has issued all tokens and will be launched on the mainnet in the near future.
USDa, the first Bitcoin-based stablecoin launched by Avalon Labs, is worthy of attention. Currently, USDa ranks third in the Deflama CDP ranking, second only to MakerDAO.
USDa is the first Bitcoin-based stablecoin that aims to bring Bitcoin liquidity to DePIN (decentralized IoT infrastructure), offering a fixed lending rate of 8% and providing users with new income, stability and governance opportunities.
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The information, opinions and judgments on markets, projects, currencies, etc. mentioned in this report are for reference only and do not constitute any investment advice. Since approaching the psychological barrier of $100,000, BTC has been fluctuating around the $90,000 to $100,000 range. As the moving averages gradually stick together, forming a psychological support, BTC broke through $100,000 twice this week, reaching a high of $104,000. This week, BTC opened at USD 97,259.17 and closed at USD 101,174.99, up 4.02% for the week, with the volume effectively amplified. Although the political turmoil in South Korea has a short-term impact on the price of BTC, and as we emphasized in our weekly report last week, there is a need for consolidation in the market, and some adjustments have taken place in the…