🚀 Introducing re.al: From Stablecoin Flop to Real-World Asset Powerhouse 🌍
From Literal to Metaphorical Redemption re.al (formerly known as Tangible) to Redeem Failed Stablecoin USDRUSDR issuer Tangible plans redemption as Layer-2 for real-world assets.
Have you ever witnessed a phoenix rising from the ashes? Well, Tangible DAO is on a mission to achieve just that. After their stablecoin, USDR, stumbled into a liquidity crisis last year, the U.K.-based project has undergone a complete makeover and rebranded itself as re.al. This layer-2 blockchain aims to redeem its past failures by becoming a thriving platform for real-world assets (RWAs) in the world of crypto. And guess what? The launch of re.al is just two weeks away! 🎉
💡 From Literal Redemption to Metaphorical Reinvention 💼
Tangible DAO has set its sights on two forms of redemption. First, there’s the literal redemption, where assets will be redeemed for holders of the sub-dollar stablecoin, USDR. Secondly, and perhaps more ambitiously, there’s the metaphorical redemption of the project itself through a pivot to becoming a platform for other RWAs to build upon.
🚀 The Birth of re.al: A Blockchain for Tokenized RWAs 🏢
With the rebranding, re.al aims to offer a “full stack” experience for issuing and trading tokenized real-world assets. Jag Singh, the CEO of re.al, believes that his brainchild will be a game-changer. Powered by Arbitrum, an Ethereum layer-2 solution, re.al plans to go live in just two weeks. Brace yourselves, folks! The future of RWAs is about to get real!
🌍 The Potential Trillion-Dollar Market 🔮
The worldwide market for real-world assets is projected to surpass an astonishing $10 trillion by the end of this decade. Yes, you read that right! But here’s the juicy part. The current total crypto market cap is just one-fifth of that size. So, if believers of permissionless trading have their way, financial infrastructure as we know it could undergo a massive on-chain pivot. 🔄
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⚡ The Power of Layer-2 Networks 🌐
Now, the million-dollar question (or rather trillion-dollar): Where will this trading revolution take place? Well, it’s an open-ended query, but one likely destination would be layer-2 networks like Arbitrum, Optimism, and Polygon. These networks, often referred to as Ethereum’s speedier and more cost-effective siblings, provide the perfect blend of security and efficiency required for the tokenization of real-world assets.
🥇 re.al: The Specialized Layer-2 Contender 🎯
Jag Singh, the mastermind behind re.al, believes that a “highly specialized” layer-2 network will be the ultimate winner in this race. And that’s precisely why re.al decided to build using the Arbitrum infrastructure. With native support for various gas tokens, which users need to carry out their transactions, Arbitrum offers the ideal platform for unleashing the true potential of real-world asset tokenization.
💰 Reaping the Rewards: Token Holders in the Spotlight 💎
Hold onto your hats, dear readers, because re.al has something exciting in store for token holders. The blockchain’s new governance token will ensure that revenue generated by projects building on re.al flows back to the esteemed token holders. This innovative approach aligns the interests of the stakeholders and creates a mutually beneficial ecosystem.
🧐 Q&A: Exploring the Depths of re.al
Q: What caused the demise of Tangible’s stablecoin, USDR? A: Tangible DAO faced a liquidity crisis which led to the faltering of their stablecoin, USDR. However, the team has learned from their past mistakes and is determined to forge a new path with re.al.
Q: How does re.al differentiate itself from other layer-2 networks? A: re.al aims to carve its own niche as a highly specialized layer-2 network. By choosing Arbitrum as the underlying technology, re.al brings unique capabilities and opportunities for seamless tokenized trading of real-world assets.
Q: What can token holders expect from re.al’s governance token? A: Token holders of re.al will be rewarded with a share of the revenue generated by projects built on the platform. This innovative approach ensures that the community is incentivized and can actively participate in the success of re.al.
📈 The Future Looks Bright for re.al ✨
With re.al nearing its launch, the future prospects for the tokenization of real-world assets seem incredibly promising. By leveraging the power of layer-2 networks and building on specialized infrastructure, re.al could be at the forefront of this burgeoning industry. So, buckle up, my friends! We’re about to witness a revolution in the way we interact with real-world assets through the exciting world of crypto.
🔍 References: – Tangible DAO Rebrands to re.al – The Potential of Tokenized Real-World Assets – Arbitrum: Powering the re.al Blockchain – The Trillion-Dollar RWA Market – Ethereum Layer-2 Networks: Arbitrum, Optimism, and Polygon – The Benefits of Native Gas Token Support
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