Article Summary, Automatically Generated By AI
Summary
- RWA (Real World Assets) participate in on-chain digital economy through DEFI and NFTs.
- Lack of liquidity in NFTs hinders RWA development.
- ERC404 provides NFT real-time liquidity.
- Avatar is the first RWA asset issuance agreement based on ERC404 and real-time liquidity infrastructure for $1 billion RWA track.
- Figures: $1 billion
About Avatar
Avatar is a decentralized, open-source, and community-driven digital identity network that empowers users to create, manage, and own their digital identities.
RWA (Real World Assets), encompassing precious metals, art, real estate, bonds, and other tangible assets, are being integrated into the on-chain digital economy through the convergence of DeFi and NFTs. However, the long-standing issue of illiquidity in NFTs has hindered the further development of RWA. Fortunately, ERC404 has introduced real-time liquidity to NFTs, thereby facilitating the rapid circulation of RWA assets. Avatar, built upon Pandora’s innovative asset agreement, has emerged as the pioneering RWA asset issuance agreement based on ERC404, providing a real-time liquidity infrastructure for the $1 billion RWA market.