Why did Messi tokenize his football boot?

🎣 w3.catch-of-the-week cw10

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Vicktoria Klich & Quinn Wilhelm
March 08, 2024

GMGM and welcome to the 🎣w3.catch-of-the-week, while the market rises to new all-time highs, interest in applications on the blockchain is also growing.

You know what else is growing? The fomo of my friends who didn’t event know what I was working on up until last week.

However, DeFi (Decentralized Finance) is facing a crucial challenge: finding a balance between its rapid growth and the soaring transaction fees on Ethereum, the leading blockchain for applications.

→ TVL (Total-Value-Locked) in blue & Gas Fees in green

How can we navigate this tension effectively? 😬

Gass fees aside, let me introduce you to some use cases and apps that could be the next big thing on the internet 😉.

⚽️ Tokenization of RWA feat. Messi
🚀 The craziest Pumps in Numbers
🧠 What is a Smart Wallet?
🥳 Events, Events, Events

😳 Why Lionel Messi is Bullish on RWA

You've heard it right: Lionel Messi sees big potential in RWA (real-world assets) and their tokenization. Find out why he tokenized his football boot👇.

What's RWA? 🤔

Real-world assets represent actual, tangible things like real estate or art, now being digitized or “tokenized” for easier trading. Boston Consulting Group forecasts this market could hit $16 trillion by 2030.

Messi collaborated with PlanetRefi to highlight his left football boot in a project focused on sustainability. The boot was made from recycled materials from the Parana River near Messi's hometown in Argentina.

About PlanetRefi 🌎

The platform Planet tokenizes real-world assets, turning things like properties and art into digital tokens on the blockchain.

This approach aims to make investments more accessible and markets more liquid, while promoting environmental sustainability and social good, in partnership with global celebrities and guided by the UN's Sustainable Development Goals.

Messi x Planet Collaboration:

  • Launch of the first edition Join The Planet RWA series

  • Made from materials recycled from the Paraná River

  • The journey from river debris to collectible is fully transparent, with documentation and audits

  • Presale Date: March 15, 2024 👉 Link to presale

💡 The Bigger Picture:

Tokenizing real-world assets (RWA) with blockchain brings big changes. It makes markets more liquid and creates new ways to invest.

RWAs can be things you can touch like houses or things you can't like bonds. This process puts these assets on the blockchain, making trading easier and more open.

It helps break down barriers, making it possible for more people to invest in things previously out of reach. This method also offers more transparency, reduces costs, and makes assets easier to buy and sell.

🤓 If you would like to find out how you can tokenize your company, get in touch with our partner Tokenize.it.

The past few days have been very intense - one project after another made the headlines, here are the most impressive figures:

🤯 The cumulative trading volume of all Bitcoin Spot ETFs is close to $100 billion.

📈 Solana-based DEX aggregator Jupiter recorded almost $2 billion in trading volume on March 6.

🐶 A Memecoin called $WIF has risen over 900% in the last month.

👻 This Bitcoin Ordinals NFT was sold for more than $1 million.

😱 Crypto Punk 3100 was bought for 4,500 ETH ($16,032,959.47 USD).

🪪 Wallet as a Service

Coinbase steps closer to its goal, aiming to onboard a billion people to Web3 with its latest innovations.

Coinbase is not only a favorite exchange for investors, but also known for its user-friendly wallet and layer 2 network Base. Recently, Base climbed to 3rd place among Layer 2s with a significant boost from memecoin trading, reaching 566 million dollars in deposits.

🧠 Smart Wallets:

Last week, Coinbase launched two new wallet products designed to simplify onboarding for new users. These include:

  • Embedded Wallets: Part of the "Wallet-as-a-Service" offering, these allow developers to integrate non-custodial wallets directly into apps, letting users sign up with email and password, similar to Web2 experiences.

  • Smart Wallets: Users can create wallets instantly within any app using Coinbase’s SDK, eliminating the need for external app downloads or managing seed phrases. Powered by Passkeys, these wallets store private keys securely on the user's device, enabling transactions with biometric authentication.

👉 Smart Wallet users can link their wallets to their Coinbase accounts and can use the assets from their Coinbase account for transactions.

📸 The Bigger Picture:

With innovations such as embedded wallets and smart wallets, Coinbase is pioneering an infrastructure that could make wallets such as MetaMask less necessary for accessing Web3.

The goal is to provide the next generation of crypto users with a seamless user experience similar to "logging into Google" while leveraging the network effects of easier access and management of digital assets.

💅 From my experience, Coinbase does a very good job in terms of user-friendliness, I have been using the Coinbase app for quite some time and the Web3 wallet also offers me a better overview than MetaMask.

Our w3.hub is getting fuller day by day, led by a lot of exciting events. Here is an overview of what you can expect over the next few days 🌶️👇.

🏗️ Solana Build Station: Curious what the Solana Foundation is up to? Participate in another global hackathon, exchange with the Superteam Germany community and build up projects in one of the most vibrant ecosystems in Web3. Register here.

🧬 DeSci Event: This event aims to unite enthusiasts of decentralized science to discuss its transformative impact on scientific research, fostering a collaborative environment for sharing insights and advancing innovations in democratizing and accelerating scientific discovery (Shoutout Molecule AG). Sign up.

🤓 Bitcoin for Beginners: Our Bitcoin for Beginners workshop is designed to introduce participants to the fundamentals of Bitcoin, including its operational mechanisms like mining and secure transactions. Grab a Slot.

🌎 Decode Travel by Chain4Travel & Camino Network: Ready to work on blockchain-based solutions for the travel industry? Get in touch with companies who are willing to change the status quo. Apply here.

Hello, do you have 5 minutes to talk about MiCAR?

Bitcoin hit a new all-time-high at $69.3k

Vicky & Marvin are Web3-obsessed. That's why they host a weekly podcast featuring updates and cool stuff.

Don't miss out on any news, updates, & vibes anymore. Discord is so yesterday. Let's meet on Telegram.