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The concept of Web3 proposes to provide the next evolutionary step of the internet, prioritising user sovereignty, utilising blockchain technology, enabling trustless transactions, and establishing decentralisation, reports Forbes. Meanwhile, Real-World Assets (RWAs) are increasingly presented as critical aspects to the future of traditional finance (TradFi), encompassing both tangible and intangible asset utilisation.

When considering the impact of integrating RWAs into Web3, there are clear implications on the consumer experience with regard to accessibility, security, and transparency. Ranging from investment strategy and practice to holistic asset management, the impact of the combination of RWAs and Web3 pose a practicality that was not previously possible.

Exploring the fusion of RWAs with Web3 highlights how this blend enhances consumer experience through increased liquidity, fractional ownership, and transparent transactions. Taking the backdrop of the evolving internet and financial spaces into consideration reveals insights into the tangible and intangible aspects of RWAs, their tokenization in blockchain technology, and the potential for democratizing asset accessibility.

The narrative extends from the present to the near future, featuring insights from industry experts who address the practicality and regulatory challenges of integrating the two spheres, underscoring the significant shift this integration represents for TradFi and DeFi globally.

RWAs consist of tangible and intangible real-world assets, and both are critical for securing innovation, brands, creations, and ownership. Tangible assets, literally physical in nature, include real estate, physical artwork, and commodities such as oil or gold. Whereas intangible assets lack physical form, such as copyrights, trademarks, intellectual property rights, and patents.

Web3 represents the step up from the modern internet experience, referred to as Web2 and characterised by the rise of interactivity, social media, and user-generated content. To transition to Web3, the fundamentals of decentralised finance (DeFi) have to be incorporated. Powered by blockchain technology, this stage of internet evolution entails the democratisation of finance by removing TradFi intermediaries and introducing digital asset ownership via Non-Fungible Tokens (NFTs).

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May 2024


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