Author: Arain, ChainCatcher
Editor: Nianqing, ChainCatcher
The RWA (Real World Assets) track is hot again.
After Trump's election victory and the shift in US policy direction, the market has started to pursue the "compliance" concept. RWA is seen as the preferred track for Wall Street capital to enter the crypto world, becoming a major theme in the current bull market.
Even when the crypto market as a whole experiences a pullback, the RWA sector remains resilient and has seen several tokens perform impressively. For example, the dark horse of the RWA track, GOAL (football agency RWA), has surged over 160% in the past 30 days according to Coingecko data; USUAL (stablecoin protocol), which was just listed in mid-November, has risen over 120% in 14 days according to Coingecko data.
In addition to these new RWA faces, investors see opportunities for a comeback. Some old projects have also started "repackaging old wine in new bottles", such as XRP and LTC, rushing to join the frenzy.
As the RWA track continues to heat up, the number of RWA projects has also started to "print" at an astronomical rate. Dazzled by the sheer number of projects? For a preliminary screening, you may want to take a look at the following RWA project stars that have not yet issued tokens.
Lingo
It should be noted that this project has already conducted a token generation event (TGE) on December 12th, and the price has already experienced a round of skyrocketing. As of the time of writing, it has not yet been listed, so it is still listed.
Introduction: Lingo is an innovative reward ecosystem driven by gamification and RWA. Each $LINGO platform fee will contribute to the RWA pool, providing support for Lingo's reward ecosystem.
Network: Solana, Base
Lingo is the first reward ecosystem based on RWA (real-world asset-backed), attracting users to participate through gamification. Users can earn points through SocialFi, which helps increase user engagement and activity.
The project team is impressive, with experience in serial entrepreneurship. The team members come from Binance, ConsenSys, Google, Microsoft, etc. The founding team previously founded the high-end loyalty company John Paul, which was acquired by Accor Hotels Group for $150 million in 2016. In addition, the team has good partnerships, such as establishing cooperation with the NFT market Magic Eden and the boutique investment firm Stewards Investment Capital.
According to Lingo's official website, GBV, Morningstar Ventures, Maven Capital, and Skynet Trading are all investors. Lingo's vision is to create the most valuable token in the world, trying to solve the problems of cryptocurrencies being difficult to understand, having no practical value in real life, and being too volatile. The project is currently quite popular on social media, and according to official information, it has already gained the support of more than 250 KOLs and celebrity brand ambassadors.
Lingo currently has a sustainable profit model, which is to charge a 2.5% transaction fee on each Lingo transaction. These fees will be used to purchase high-quality real estate in major global cities (such as London and Paris). The rental income from the real estate will be used for community rewards and token buybacks.
The project has already attracted over 8 million Web2 users.
Compute Labs
Introduction: A computational tokenization protocol for financializing artificial intelligence, directly accessing computational assets, and creating computational derivatives, allowing investors to effortlessly benefit from future monetary computation.
Network: Solana
Highlights: This is a project incubated by the Nvidia Inception VC Alliance, combining the concepts of RWA and AI. The project is currently conducting a pre-sale and airdrop.
The innovative aspect of this project is the computational tokenization protocol, which also has a strong Nvidia flavor. Compute Labs tokenizes GPUs, combining the financialization of artificial intelligence (AI) and real-world assets (RWA), providing opportunities to directly access AI computational assets, earnings, and derivatives. GPU ownership is divided into GNFT through the project's proprietary protocol.
Compute Labs has received a warm welcome from many crypto-native VCs, such as OKX, Amber, Hashkey, ArkStream Capital, Solana, and the Near Foundation.
Redbelly Network
Introduction: Redbelly Network enables asset issuers to tokenize assets into compliant on-chain structured products.
Network: Redbelly Network is a Layer 1 blockchain specifically designed for RWA.
Highlights: Redbelly Network integrates complete user identity and accountability 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 redundant KYC processes. Compliance can be automatically enforced and customized based on asset class and jurisdiction, without offline registration and paper checks.
The Redbelly Network team has academic and technical backgrounds. The founder and CTO, Vincent Gramoli, is the head of the CSRG at the University of Sydney and a distributed computing researcher. The Redbelly BlockChain was developed in collaboration between the University of Sydney and the Australian national science agency CSIRO. It has been patented in the US (#12093247).
Redbelly Network is a high-performance, scalable network capable of handling 20,000 transactions per second (TPS). It also uses the formally verified DBFT consensus mechanism to ensure network security and efficiency.
Redbelly has advantages in compliance. It is the only project that has received seed funding from Australian government agencies (such as CSIRO), and the Redbelly native ID protocol allows users and businesses to prove their identity through verifiable credentials and implement accountability.
Redbelly has been in development since 2021 and is now about to launch its native token RBNT, which is highly anticipated by the market.
Plume Network
Introduction: Plume is a fully integrated modular chain focused on RWAfi. They have built the first modular, composable EVM-compatible chain focused on RWA, aiming to simplify asset integration and unify the entire chain through native infrastructure and RWAfi-specific functionalities.
Network: Plume Network is a Layer 2 blockchain built on Arbitrum Orbit.
As the first fully modular integrated chain focused on RWAfi, Plume Network is dedicated to tokenizing real-world assets (such as solar farms, medical compensation claims, and mining rights) and has successfully onboarded over $1.25 billion in assets, accumulating more than 150 projects.
Plume Network has already generated some impressive user data. In August this year, according to data released by Plume Network, there were over 3.2 million users on the testnet, generating 12.9 million interactions, of which KOLs with silver certification level contributed 321,549 interactions, totaling $900 million.
Plume Network raised funding in May this year, receiving support from investors such as Haun Ventures, Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, and Reciprocal Ventures. The project has backgrounds from Pond, Echelon Market, dYdX, Beluga, and the Robinhood team.
The project currently has high airdrop expectations. The community and users are actively participating in Plume Network's testnet interactions, 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 for $goonUSD, and staking $goonUSD.
Huma Finance
Introduction: A PayFi network that provides financing support for global payments, allowing instant access to liquidity anytime, anywhere.
Network: Operating 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 issues in the cross-border payments industry. Through the strategic acquisition of Arf Financial and the integration of its business, Huma has established a leading position in the PayFi track, becoming the world's first PayFi network to surpass $2 billion in transaction volume.
The project's PayFi Stack is positioned as the first PayFi Network, aiming to provide efficient financing solutions for the cross-border payments industry with its innovative technology.
The Huma Finance team is impressive, with two co-CEOs who are former executives from Google and Facebook. One of them led the successful launch of GoogleFi, and the other drove Facebook's 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 helped drive Lyft's successful IPO.
Huma Finance has completed multiple rounds of financing and has gained the favor of 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 released by Huma Finance. However, it is currently unknown whether Huma Finance has any plans to issue tokens, but the community has certain airdrop expectations.
Avalon Labs
Avalon Labs, formerly known as Avalon Finance, is a decentralized lending protocol built on the Merlin Chain, consisting of three key components: overcollateralized lending, derivative trading linked to lending, and algorithm-based stablecoin based on lending. The current total value locked (TVL) exceeds $1 billion.
Mainnet: Merlin Chain
The Avalon Labs team is considered an industry dark horse and has been rated as the Hub of BTC LSDFi and CeDeFi lending liquidity, with a certain influence in the Bitcoin ecosystem. Avalon Labs has received support from Matrixport Venture, SNZ Capital, Summer Ventures, ViaBTC, and Paka, and KAKA, Degen Pool, and CSPDAO have also participated in the investment.
The L1 general blockchain ZetaChain launched by the current team has completed the token issuance and will be launched on the mainnet in the near future.
The first Bitcoin-based stablecoin USDa launched by Avalon Labs is worth noting, and USDa is currently ranked third in the Defillama CDP ranking, second only to MakerDAO.
USDa is the first Bitcoin-based stablecoin, aiming to bring Bitcoin's liquidity into the DePIN (decentralized IoT infrastructure), providing a fixed lending rate of 8% and offering users new opportunities for yield, stability, and governance.
