Boomtown on the Blockchain: Where Old-School Finances Meet the Wild West of Web3
Picture this: a world where traditional real-world assets - think property, art, precious metals, and even bonds - are diced up, digitized, and unleashed into the freewheeling universe of decentralized finance (DeFi). In this not-so-distant world, everyday folks could invest in high-end art or real estate, all with a few taps on their phone. Welcome to the exciting frontier of real-world asset (RWA) tokenization!
The recent crypto bear market hasn’t dampened this spirit; it’s actually fueled the push to bring RWAs onto the blockchain. Big names like Goldman Sachs have joined in on the fun, launching their own digital asset platform (GS DAP) to give old-school assets a blockchain facelift. MakerDAO and Aave, among other DeFi protocols, are also adapting their platform