Keeping up with the RWA trend. Get bullish with NOTT!
March 2024 witnessed a surge in Real World Asset (RWA Coin) cryptocurrencies. The reason is that BlackRock, the world's biggest asset manager, has announced the creation of a new investment vehicle named the "USD Digital Liquidity Fund". BlackRock has teamed with Securitize, an asset tokenization business, to demonstrate asset tokenization's real-world possibilities.
Asset tokenization is one of the most promising uses of blockchain technology, since it can be used to almost any economic activity. Tokenized real-world assets (RWA) are tangible and conventional assets including cash, commodities, equities, bonds, credit, artwork, and intellectual property that are represented as digital tokens on the blockchain. In the future, physical and conventional assets will be encrypted; this is a new trend that promises to provide investors with several appealing investment prospects.
How did NOTT apply RWA? NOTT is also a platform that uses blockchain technology, therefore NOTT items will be encoded as NFTs and exchanged on the blockchain network. NOTT's products include smartbands, smartwatches, smartbeds, and smart scales. The benefit of NOTT applying RWA is that tokenized RWA increases liquidity for devices. RWA increases transparency by recording tokenized assets on-chain while also improving accessibility via blockchain apps, allowing a wider range of users to utilize the devices.
In addition to encrypting real-world assets, NOTT incorporates cutting-edge technology like as AI and DePIN into devices to provide consumers with the most ease possible. RWA, AI, and DePIn are expected to grow and evolve in the future due to their application, and NOTT should likewise burst with these technologies.
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