Circular - AMA: Impact of RWA Tokenization on Traditional Markets (Draft Post)
TOPIC: Gain insights into how the tokenization of Real-World Assets (RWAs) is already transforming traditional markets and learn about $CIRX's upcoming listings on various exchanges.
Speakers:
David Cutler - Co-Founder, Moderator Francesco Pagano - Co-Founder Shaun Ogilvy - Co-Founder, Chief Product Officer Adil Ashfaq - Marketing From 8/9/24: https://x.com/circularweb3/status/1821185706087346490
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Key points discussed: Real-world asset tokenization is seen as a lasting trend, particularly in luxury collectibles and industrial sectors.
Circular Protocol is developing tools to enable a co-ownership economy through fractional ownership.
The team highlighted their CRC 323 token standard for simple tokenization of real-world assets. Circular's unique gas fee structure incentivizes developers by allocating a percentage of transaction fees back to them. The project plans to launch a grant program in Q4 2024 or Q1 2025 to fund builders creating RWA products on Circular. Asia Pacific countries, and Switzerland were identified as leading regions for RWA adoption.
Below is a selection of Questions and Answers:
Q: Is RWA tokenization a passing fad or a lasting trend?
A: Frank Pagano explained that RWA tokenization is here to stay, especially in luxury collectibles and industrial sectors. It's gaining traction as a B2B enterprise initiative.
Q: How will gas fees impact transactions on Circular?
A: The team emphasized that Circular's blockchain is designed to handle both high-frequency and low-frequency transactions efficiently. Their gas fee structure also incentivizes developers to build efficient smart contracts.
Q: How is Circular planning to attract projects for tokenization?
A: Shaun Ogilvy outlined a multi-pronged strategy, including an upcoming grant program, development of pilot dApps, and showcasing Circular's architecture for real-world scenarios.
Q: What regions are leading in the RWA revolution?
A: Frank Pagano identified Asia Pacific And Switzerland as having high penetration, where blockchain and crypto adoption is already strong.
Q: What types of RWAs are the team members personally interested in tokenizing?
A: Responses included engagement rings, real estate, and dynamic assets like cars that change value over time.
Q: What are the latest marketing updates and upcoming exchange listings for CIRX?
A: Adil Ashfaq mentioned upcoming campaigns on platforms like Galxe and restructuring of community channels, with plans to reward campaign winners soon.
The AMA also touched on topics such as the project's fundraising status, hiring plans, and the development of their Hyper Code IDE for smart contract creation.
Overall, the session provided insights into Circular Protocol's vision for RWA tokenization and their strategies for ecosystem growth.
Thank you for your interest!
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