Stargaze Spaces: RWA Roundtable

The Spaces explored the rise and implementation of Real World Assets (RWAs) within the Stargaze ecosystem, showcasing projects like Bike on Mantra and Sneaky Productions. The discussion centered on the gamification of RWA, such as tokenizing assets like electric bikes and trading cards, to make them more engaging and accessible. Panelists shared insights on the regulatory challenges, the benefits for retail investors, and the potential for traditional artists to enter Web 3. The session highlighted the vibrancy and innovation within the RWA space and the unique opportunities it presents for diverse asset classes.

Summary of the Twitter Spaces Recording

Introduction

The discussion centered around Real World Assets (RWA) on blockchain platforms, particularly focusing on projects utilizing NFTs (Non-Fungible Tokens) and their intersection with traditional asset management and distribution through innovative methods like gamification and strategic partnerships.

Main Speakers and Projects

Ali and the Bike Shop from the Paisei Project

• Project Overview: Paisei focuses on tokenizing real-world assets like electric motorcycles used for food delivery in Dubai and India. The core idea is to allow retail investors to own fractions of these revenue-generating green assets through NFTs.
• NFT and Gamification: The project allows people to burn their bike tokens for NFTs representing parts of real bikes. Rewards are based on bike performance (e.g., delivery distance) and paid out in USDC weekly. Gamification elements include collecting all parts of a bike for additional rewards.
• Challenges and Regulations: The major challenge was finding the right way to represent real-world assets on the blockchain, which they solved through partnerships and compliance with Dubai regulations.
• Future Plans: They aim to mint around 9000 NFTs correlating with real bikes, with ongoing efforts to enhance gamification and real-world campaigns to engage users further.

Donny from Sneaky Productions

• Project Overview: Sneaky Productions started as an NFT collective and expanded into RWAs by producing plushies and trading cards, available through partnerships with other networks.
• Outreach Strategy: They actively reach out to non-crypto communities, primarily through TikTok and Comic-Cons, to appeal to audiences unfamiliar with crypto, promoting their products in a fun and engaging manner.
• Monetization and Incentives: Their economy integrates NFTs with RWAs, allowing certain NFT holders to receive a share of revenue from trading card sales, thereby turning these items into actual assets.

SpottyWIFI

• Artistic Approach: Spotty is a traditional artist leveraging web 3 to expand her audience by selling NFT-linked physical artwork. She emphasizes the NFT as a certificate of authenticity, enriching collector relationships through personal storytelling.
• Challenges: Physical shipping logistics and buyer reluctance to 'dox' themselves (reveal identity) for shipping purposes.

Community Engagement and Prospective Developments

• Q&A and Audience Interaction: Various community members engaged with questions about operational details (e.g., yield calculation, future plans, chain interaction issues). Ali addressed a specific question about yield formula and part-based NFT revenue.
• Future Speculations: The speakers envision more diverse RWA projects gaining traction, potentially tokenizing unconventional assets (e.g., durian farms). They see platforms like Stargaze facilitating broader access to these assets, creating new investment opportunities.

Concluding Remarks

• Making NFTs Fun: Encouragement to continue innovating in the NFT space, emphasizing creativity and enjoyment, as stated by Donny.
• Collaborative Potential: The session ended on a note encouraging collaboration among RWA projects to explore new joint ventures and broaden the application of RWAs in web 3 spaces.

This session highlighted how blockchain technology can transform asset ownership and investment while bridging the digital and physical worlds through innovative and engaging solutions.