RWA's or (Real World Assets) are things like stocks, bonds and other real world assets that people normally invest into. While this isn't limited at all to the digital world as in theory even real estate, art work etc could also fall in line with this.
What we are seeing is a major shift towards RWAs again but there's a flurry of options. What was mainly thought of blackrock and ethereum networks is opening up more now as data starts to flow in for these types of assets.
BUIDL
Now BUIDL was the first big tokenized asset that was launched by Blackrock a while ago and it was done so on the Ethereum network only. However recent updates as of just a few months ago are showing us now that Blackrock is expanding outside of this and looking at new blockchains like Aptos, Arbitrum, Avalanche, Optimism OP and Polygon.
Chainlink is also another blockchain that's gather a good amount of attention. That's because it seems to be the go to for a lot of places lately for a more stable stable coin if that makes sense.
You see not all stable coins are created equal and there's underlying factors that can seriously jeopardize if those assets are actully backed up by a 1:1 ration. I seriously think Tether wasn't and still isn't fully backed but they have so much wealth now that you just don't notice it. We also saw places like LUNA blow up and cause massive fallout in the stable coin sector.
Other RWA Blockchains To Watch
There are actully a number of blockchains that have a primary focus towards RWAs and this is what I was talking about a while back. That no blockchain is going to be the go to for everything instead each will have it's primary things it's good at be it RWA's, low/free fast transactions, store of value and so on. Each has what it specializes in and does well for that unique case.
Ondo is one of those such blockchains as it has two core factors it works on. That's the tokenization of RWAs and the other side of it which is the DeFi or decentralized finance aspect of it all. This is a perfect matching that is setting Ondo up for some major success in the future I think.
Sky formally known as Maker was a rather popular token back in the day. It's rebranding seems like a much better fit than maker. It's a interesting rebrand and rebuild of the blockchain that seems to have a more clear path on what they want to focus on and do which will be primarily RWAs.
Ethereum of course I have to throw this one in as it currently accounts for 80% or more of current RWAs going on at the moment. Ethereum continues to be a powerhouse however it's higher fees and slower speeds compared to it's competitors are starting to show issues and struggles which Ethereum wont be address for another two years most likely.
The big thing that Ethereum has going for it is that it's strength comes from being a old well tested blockchain thus security is a big factor compared to these enter blockchains that are not as heavily tested.
Posted Using INLEO