Dear Future Whales,
To my pleasant surprise, last week’s newsletter poll found that most of my readers are most interested in web3 education. With this in mind, I have some great stuff to drop around projects and platforms that are doing unique things with the tokenization of RWA (Real World Assets). There is a security warning to be aware of tied to Galxe.com, so be sure to check your web3 address in the link provided below. Let’s dive in!
Summary:
4k Protocol - Tokenize anything!
Tokenizing real estate and watches
Galxe.com security warning
🪙 4k Protocol - Tokenize anything!
If you're interested in how to tokenize real-world assets, look no further than the 4k protocol. This initial decentralized protocol orchestrates a worldwide network of operators to tokenize physical assets on the blockchain, and the best part is that you can tokenize almost anything.
How it works: (Try the minting wizard here OR “watch” how it works.)
Ship your asset to a secure vault.
The item is then examined and inspected for authentication.
4K.com takes care of the professional video and photography work to make your items standout.
They then tag, seal, and securely store your asset in a vault.
The result: Your item is transformed into a tradeable NFT that can be redeemed for the physical item at any time! See below for the example of a Rolex watch.
Platforms with a specific focus:
⌚ Try Watches.io. Similar steps to 4k protocol, but as they put it, they are a watch company, not a Web3 company. I highly recommend listening to this podcast.👇
Why this works?
The luxury watch market sees significant trading activity, and the incorporation of NFT technology introduces capabilities for tracking authentication, location, and offers sellers access to an expanded market for asset trading. Furthermore, this is particularly advantageous given the inherent volatility of the luxury watch market, as transforming watches into tradable NFTs amplifies the velocity of trading within this ecosystem.
🏠 Real estate tokenization is a topic that generates a lot of interest, and one notable newcomer in this field is RoofStockOnchain.com.
RoofStock has innovatively paved the way for successful real estate tokenization by creating an LLC that holds ownership of the property, and this ownership is represented by a minted NFT.
This groundbreaking approach not only enables you to purchase a home using cryptocurrency but also allows you to trade the NFT representing your property on your preferred marketplace. Here's an example of a tokenized property currently available for sale.
Even more importantly, when your home is represented by an NFT, you may have the opportunity to secure an on-chain mortgage. You can explore Kettle Finance for further details on this exciting development. Kettle is focused on unlocking liquidity from real world assets.
⚠️ Galxe.com Security Warning
Towards the end of last week, Galxe.com's website experienced a security breach by malicious hackers. If you've engaged with Galxe in the past for NFTs, token claims, or any other interactions, I strongly recommend verifying the security of your wallet to ensure it hasn't been compromised.
Authored by Matt Bartlett, CAIA. Follow Matt on x.com @MattBartlettVE
NOT INVESTMENT ADVICE
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