fmcpay rwa could be making a comeback is this a trend for the future
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RWA could be making a comeback, is this a trend for the future?

Posted on by Audrey

MKR, the issuer of DAI, continues to collateralize DAI with Real World Assets (RWA), adding approximately $50 million in value through BlockTower Andromeda, primarily investing in short-term US Treasuries. Currently, the total RWA assets in MarketDao are around $2.5 billion. This constitutes the highest proportion when compared to other assets used as collateral by MKR. This could be a sign that the RWA story is about to explode again.

Google has resumed its Ads campaign for NFT projects, which is a positive long-term signal and an effective way to attract new users to the market. Meanwhile, Binance has opened deposit and withdrawal gates for Zksync, and the community believes this could be a sign of an Airdrop. There is a lot of positive news for the market, and below are some other updates:

  • The Algorand Foundation and DWF Labs have jointly invested in the Pera wallet within the Algorand ecosystem. Algorand has been quiet for a while, and this move seems to signal a comeback for growth.

  • Google will allow advertising for NFT games without gambling content starting from September 15th, following the relaxation of rules for Blockchain & NFT apps on Google Play on July 12th. The Zk-Knowledge-based DEX Orderbook platform, BrineFi, has raised $16.5 million, led by Pantera Capital.
  • Karen is gradually adding support for deposits in EUR and GBP via PayPal.
  • Blockchain L1 Aelf has launched a joint venture with a $150 million ecosystem fund. Projects within this ecosystem include Crystal Fun, Mythic Protocol, Portkey, and others.
  • Socket has successfully raised an initial strategic investment of $5 million from Coinbase Ventures and Framework Ventures. It’s speculated that Socket Bridge will expand into the Base network!

 

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