Screenshot from space record
WHAT ARE RWA ASSETS
RWA simply means real world assets, they are any fungible or non-fungible tokens designed to represent traditional or rather physical assets on a blockchain. Real estate was mentioned as a real world asset that can be tokenized on chained, a speaker called salamander mentioned that in actual fact the tokenization of real estate assets already exists in some states. Funnily, garbage as waste management can also be a real world asset or collectibles to be tokenized. Other examples of RWAs are real estates (top layer collectible) , waste management, agricultural management, water distribution, urban planning and development, art etc.
Thus, the Integration of Non fungible Tokens to real world assets like real estate or agriculture is one that will bring about increase and profit both traditionally and in the blockchain, because both are usually on high demands that will gives an edge to Nft or project peck to it. In view, Web2 and Web3 differ in several key features such as Centralization as it is owned by a body of entitiea and Decentralization where ownership is distributed and shared across a network of nodes. In this case, these spaces are need to bridge a gap for projects to thrive on the blockchain.
Hence, this is why I agree with a speaker that claimed that tokenization of real estate is a top layer that is too extreme because nit everyone is into real estate and it has no positive effect of the lives of those who do not have it. Real world assets are supposed to be assets that can change the life of the common man for good. For instance in my country Nigeria, there are lots of physical hussles and talents that can be incorporated into the change. For instance, music, art, agriculture, education, fashion and so on. This will be a driving force in the market and a quick means to brigd the web2 and web3 space.
The world of technology is advancing a great deal that if you snooze you will loose heavily on assets or projects that can and will be bullish in the future. I can imagine If I can sell real world tokenized assets like fashion or cars and represent them in NFTS which is also a proof of ownership of that product. These would be integrated on chain and I would make great profits. Just like it was mentioned on the space, the ability to have a tokenized gym membership assets, and when you are not in need of it you pass down to someone else or just sell it.
To be fully aware of the discussion, check out the space by @ice-nfts.
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