The RWA circuit is back in style, what potential unissued projects are worth watching?
Author: Arain, ChainCatcher
Editor: Nian Qing, ChainCatcher
The RWA circuit is on fire again.
After Trump won the election, US policy trends changed, and the market began to pursue the concept of “compliance.” RWA (Real World Assets) is regarded as the preferred track for Wall Street funds to enter the crypto world, and has become a major mainline in the current bull market.
Even when there was a pullback in the crypto market as a whole, the RWA sector still withstood the decline and emerged from a number of high-performing coins. For example, GOAL (soccer broker RWA) on the RWA circuit has risen more than 160% in the past 30 days according to Coingecko data; (stablecoin agreement), which was only listed in mid-November, has risen more than 120% in 14 days according to Coingecko data.
In addition to these RWA faces, investors saw an opportunity to turn their backs on the battle. Some old projects are also starting “old wine in new bottles”, such as XRP, LTC, etc., and are rushing to join the carnival.
As the RWA circuit continues to heat up, the number of RWA projects also began to be “printed” on a daily basis. Obsessed with the vast project? For an initial screening, you might want to take a look at the following star RWA projects that have not yet issued tokens.
Lingo
It should be noted that the project had a token generation event (TGE) on December 12, and the price has already skyrocketed. As of press time, it has not been listed yet.
Description: Lingo is an innovative rewards ecosystem that combines gamification and RWA drivers. Every $LINGO platform fee contributes to the RWA pool, supporting Lingo's rewards ecosystem.
Network: Solana, Base
Lingo is the first RWA (physical asset support) -based rewards ecosystem to engage users through gamification. Users can earn points through Social Finance (SocialFi), a model that helps increase user engagement and activity.
The project team has a good lineup and experience in continuous entrepreneurship. The team members come from Binance, Consensys, Google, Microsoft, etc. The team founder founded the high-end loyalty company John Paul, which was acquired by Accor Hotels Group in 2016 at a price of 150 million US dollars. Furthermore, the team has good partnerships, such as establishing cooperation with the NFT market Magic Eden and establishing strategic cooperation with boutique investment company Stewards Investment Capital.
GBV, Morningstar Ventures, Maven Capital, and Skynet Trading are all investors, according to Lingo's official website. Lingo's vision is to create the most valuable token in the world in an attempt to solve the problems that cryptocurrencies are not easy to understand, have no use value in real life, and are too volatile. Currently, it is very popular on social media. According to official reports, it has received support from more than 250 KOLs and celebrity brand ambassadors.
Lingo currently has a sustainable profit model, where each Lingo transaction charges a 2.5% processing fee. These fees will be used to purchase high-quality real estate in the world's top cities (such as London, Paris, etc.). The rental proceeds from the property will be used for community rewards and token buybacks.
Currently, the project has attracted more than 8 million Web2 users.
Compute Labs
Description: Computational tokenization protocol for financializing artificial intelligence, directly touching computational assets, and creating computational derivatives, enabling investors to effortlessly benefit from future monetary calculations.
Network: Solana
Highlights: This is a project incubated by the Nvidia Inception VC Alliance (Nvidia), which combines the concepts of RWA and AI. The project is currently undergoing pre-sales and airdrop activities.
The computational tokenization protocol is an innovation of the project, which is also quite unique to Nvidia. Compute Labs tokenizes GPUs, combining artificial intelligence (AI) and the financialization of real-world assets (RWA) to provide direct access to AI computing assets, benefits, and derivatives. GPU ownership was split into GNFT through this project's proprietary agreement.
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: The project is Layer 1, Redbelly Network is a blockchain specially designed for RWA
Highlights: RedbellyNetwork integrates full 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 repetitive KYC processes. Compliance can be automated and customized according to asset class and jurisdiction without offline registration and paper checks.
The Redbelly Network team has a university and technical background. Its founder and CTO Vincent Gramoli is head of CSRG and distributed computing researcher at the University of Sydney. Redbelly Blockchain was developed by the University of Sydney in collaboration with CSIRO, Australia's national science agency. Patent #12093247。 has been obtained in the US
Redbelly Network is a high-performance, scalable network capable of processing 20,000 transactions per second (TPS). Additionally, it uses an officially validated DBFT consensus mechanism to ensure the security and efficiency of the network.
It has an advantage in terms of compliance. Redbelly is the only project to receive seed funding from an Australian government agency (such as CSIRO), and the Redbelly Native ID agreement enables users and businesses to prove their identity through verifiable credentials and implement accountability through this.
Redbelly has been established since 2021, and after years of preparation, the native token RBNT is about to be launched. It 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 to simplify access to various types of assets and simplify capital access by unifying the entire chain through local infrastructure and RWAFi-specific features. Plume is building a composable DeFi ecosystem around RWAFis, with an integrated end-to-end tokenization engine and financial infrastructure partner network for builders to plug and play.
Network: Plume Network is a Layer2 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 has accumulated more than 150 projects.
Plume Network has now produced some good user data. In August of this year, according to data released by Plume Network, more than 3.2 million users logged on to the test network and generated 129 million interactions. Of these, Silver certified KOLs brought 321,549 interactions, with a total value of 900 million US dollars.
Plume Network received financing in May this year and received support from investment institutions such as Haun Ventures, Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, and Reciprocal Ventures. The project has team backgrounds from Pond, Echelon Market, dYdX, Beluga, and Robinhood.
The project currently has high airdrop expectations. The community and users are actively participating in Plume Network's 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 to $goonUSD, and staking $goonUSD.
Huma Finance
Description: The PayFi network provides financing support for global payments, providing 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 the liquidity problems of 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 circuit, becoming the first PayFi network in the world with a transaction volume exceeding $2 billion.
The project's PayFi Stack is positioned as the first PayFi Network. It aims to provide efficient financing solutions for the cross-border payment industry, with innovative technology unique to it.
Huma Finance team has a luxurious lineup. Both 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 drove Lyft's successful listing.
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 published by Huma Finance. However, it is currently unknown whether Huma Finance plans to issue coins in the future, but the community has certain expectations for airdrops.
Avalon Labs
The predecessor of Avalon Labs was Avalon Finance, a decentralized lending protocol built on the Merlin Chain. It consists of three key components: overcollateralized borrowing, derivatives trading linked to borrowing, and an algorithmic stablecoin based on borrowing. The total value (TVL) of hedged positions currently exceeds $1 billion.
Merlin Chain
The Avalon Labs team is considered an industry dark horse and has been rated as a liquidity hub for Hub of BTC LSDFi and CeDeFi lending, and has some influence in the Bitcoin ecosystem. Avalon Labs received support from Matrixport Venture, SNZ Capital, Summer Ventures, ViaBtc, and Paka, in addition, KAKA, Degen Pool, CSPDAO, etc. participated in the investment.
ZetaChain, the L1 general blockchain currently launched by the team, has issued tokens and recently launched on the main network.
USDA, the first Bitcoin-based stablecoin launched by Avalon Labs, is worth watching. Currently, USDA is ranked third in the DeFiLama CDP ranking, after MakerDAO.
USDA is the first bitcoin-based stablecoin. It aims to introduce Bitcoin's liquidity into Depin (decentralized IoT infrastructure), provide a fixed loan interest rate of 8%, and provide users with new revenue, stability, and governance opportunities.
