Siemens & NFT Compression, NFT Options, Rollbit & More

Welcome back!

This is J264G and in this week's newsletter we’ve got these titbits for you:

• Siemens Polygon Bond: Implications for Solana NFT compression.

• NFT Options Trading: DeCalls extends the NFT x DeFi ecosystem.

• Hot Rollbit: Move over $BONK, $RLB is the next hot Solana token.

We all fumbled the ball on the Rollbit meta and missed out on generational wealth, don't @ me.

😂

Let's get into it!

Click on any underlined heading / hyperlink to learn more.

Spotlight

RWA Tokenisation & NFT Compression

Real world asset (RWA) tokenisation is the process of representing physical and traditional financial assets in the form of digital assets (tokens or NFTs) on a blockchain.

These digital assets can be bought and sold like traditional securities, allowing for increased liquidity, faster settlement, lower costs, and enhanced risk management.

In short, they lower the entry barriers and give a broader range of investors access to real world assets — efficiently and securely.

As you read this, the tokenisation of real world assets is well underway.

Siemens, Germany’s third-largest publicly traded company by market cap, recently issued its first digital bond worth ~ $64 million on Polygon.

In addition to providing a shared ledger, which reduces the need for reconciliations, the blockchain securities are issued directly to investors, sidestepping the cost and need for intermediaries. Also, paper-based certificates are no longer required.

Issuing a bond on Polygon is a win for web3. Period.

However, cost-effectiveness will become a competitive advantage as more and more enterprises, brands, and creative studios start leveraging digital assets to enhance their respective business models.

Having said that, this specifically applies to NFTs, as they depict the perfect platform for the tokenisation of real world assets.

Although Solana is more cost-effective than other blockchains such as Ethereum when it comes to minting and storing NFTs, powering enterprise-level activity is still expensive.

To combat this, Metaplex introduced on-chain compression to lower the costs for both minting and storing digital assets — allowing for cost-effective use cases with billions of users.

Compression for NFTs on Solana also allows businesses to mitigate the security risks of layer 2 protocols and bridges, a pivotal requirement for larger enterprises.

Overall, NFT compression allows for the next generation of metaverse, gaming, and tokenisation projects to be ushered in.

We're keeping tabs on this and are excited for what's yet to come!

Chart Of The Week

News Bites

NFT Options Trading: DeCalls launched the first-ever NFT options trading platform. The UI and explanations are extremely beginner-friendly, facilitating a delightful user experience.

NFT Lending & Borrowing: Famous Fox Federation (FFF) launched its lending and borrowing platform — Citrus. Over 45 collections have been added, giving Sharky a run for its money.

The Next Bonk: After $BONK, $RLB is the next token to ride the wave on Solana. $RLB is hugely popular, even ranking in the top 3 of the most traded SPL tokens.

Safer Trading: Jupiter launched Token List API, which will run a continuous list of SPL tokens including on-chain metadata, actual market liquidity, data from developers, and community validation data.

Trading Terminal: Compendex continues to build out its pro-grade trading terminal for Solana, which will integrate with the likes of Jupiter, Openbook, and Hyperspace to facilitate a more holistic trading experience.

Sign-In With Solana: We all know the most popular login method: email and password. This method has gradually been replaced with sign-in options such as “Sign in with Facebook, Twitter, or Apple”. Now, businesses can also offer “Sign in with Solana” to their users.

In-Wallet Gaming: Backpack will allow users to play games in-wallet, further pushing the envelope. Games are hosted as xNFTs and can natively be played on mobile devices such as Saga.

Game Development: The Solana Games Kit covers everything from SDKs to on-ramps, enabling developers to quickly start building out sticky web3 games.

Messaging Innovation: Messaging platforms are prone to spam and scams. In order to combat this, Dialect lets users monetise message requests by accepting bids from senders.

On-Chain Analytics: Step launched its new analytics dashboard. The platform is currently in Beta and as of now allows users to dive deeper into Solana DeFi.

Ledger Support: Ledger now supports versioned transactions! In the context of trading, versioned transactions allow for more advanced routing and better prices — check out Jupiter to learn more!

We Love To See It

Keks & Giggles

And that's a wrap!

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Talk to you soon!

J264G