Is RWA a buzzword or has real value in Blockchain’s future?
Is RWA a buzzword or has real value in Blockchain’s future?
The cryptocurrency market is currently abuzz with three important concepts: AI, RWA, and DePIN. Of these, RWA is being used the most, as tokenization is a fundamental application of blockchain technology, which was initially developed to address the issue of double spending and facilitate online value transfer and trading.
At present, the total value locked (TVL) in RWA crypto projects is around $6 billion, a significant increase from just $140 million in 2022 (TVL source Defilama). Though, the market performance of RWA tokens hasn’t kept pace with that of Bitcoin.
Where are the conspiracy theorists at? They’ll tell you that tokenizing real things is a Blackrock plot along with a internet “driver’s license” (digital ID) and other things, so there is basically an unstoppable force pushing for this stuff. If you get in on them early enough or in a big enough way, maybe you’ll be rich enough that you won’t be in the slave class they create.