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Real World Assets or RWA, explained
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GM. Today on Money Printer Go Brrr newsletter:
24-year-old astrologer lost $440,000 in crypto trading, now in credit card debt.
Real World Assets or RWA, explained
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3 things you should know:
24-year-old astrologer lost $440,000 in crypto trading, now in credit card debt.
He started with $40,000 and turned that into $440,000 trading.
But he got greedy, leveraging up to 17 times his actual equity.
He got totally burnt when FTX and some crypto coin crashed in 2022.
Here's the kicker, he tries to analyze these things with his astrology - karma and stuff.
He says this crash was predicted by an "eclipse of Taurus and Scorpio."
If he could predict the crash, why didn't he sell earlier? 🤔
I think you remember, the crash was massive, dude.
It wiped out more than $450 billion globally.
But Racso isn't ready to walk away from astrology.
Now he's saying he can predict others' fortunes with it.
You can read more here.
Real World Assets or RWA, explained
Imagine unlocking the value of your real-world assets without all that pesky paperwork.
That's where RWA comes in.
Real World Assets (RWAs) are things you can touch or have value in real life, like houses or art, brought into the digital world of blockchain.
💡You need to know
⇾ RWAs are everyday physical assets like houses, art, or gold that get a digital twin on the chain,
⇾ assets are turned into digital tokens, making them easy to buy/sell/trade,
⇾ you can own a piece of something big, like a part of a building or a piece of an expensive art.
💡 Use cases
1️⃣ real estate ⇾ imagine owning a piece of a skyscraper without having to clean the windows.
2️⃣ art & collectibles ⇾ you can own a slice of art history and feel like a mini-Mona Lisa mogul.
3️⃣ stocks & bonds ⇾ tokenizing stocks &bonds enables fractional ownership & easier access to traditional financial instruments within the blockchain ecosystem.
4️⃣ machinery & equipment ⇾ dreamt of owning a piece of a spaceship or a fancy robot? RWAs make it possible, and you don't even need to know how to pilot or program them.
5️⃣ patents or copyrights ⇾ tokenization allows IP (intellectual property) holders to sell fractional ownership of their IPs for new revenue streams.
💡 Why RWAs matter?
RWAs matter because they bridge the gap between the real world of tangible assets and the digital world of blockchain-based finance.
This fusion has the potential to democratize investing, unlock trillions of dollars in currently illiquid assets, and provide new sources of stability and income for investors.
💡 You must know these RWA projects:
Meme Of the Day
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