There is more and more content about RWA this year, and it seems that everyone is paying attention to this track.
More and more content creators are advocating that RWA is the next trend that cannot be missed.
Originally, Ju Zuo didn’t want to write about this aspect. After all, I am a businessman now and I don’t want to do anything that will ruin other people’s jobs.
But the problem is that you guys are taking it too far. You're treating people like fools. What's the difference between that and asking them to sell blood to buy lottery tickets?
First of all, let’s clarify what RWA is. These three letters are the abbreviation of Real World Asset, which means real world assets.
Then you can simply understand it as putting real-world assets on the chain.
Is this thing new?
In fact, it is not new at all. In Ju Zuo’s opinion, this is just reinventing the wheel and applying the concepts of web2 to web3.
Just like the current depin is actually the Internet of Things in the early years, even the so-called depin now cannot reach the level of the Internet of Things in the early years.
Just like RWA’s predecessor – STO.
Compared with the current RWA, the STO in the early years was more down-to-earth, and its main focus was on compliant coin issuance.
Do you think that real-world assets and rights are also included? Let’s take a look at the definition of RWA:
Tell me, apart from the different names, how big is the difference in concepts?
STO advocates issuing coins under a compliant framework, but RWA itself has compliance issues. It can even be said that RWA is a lightweight STO. The reason is very simple:
This way the threshold is lower, the supervision is weaker, and the operation is simpler.
So is RWA useless?
That’s not the case. The reason why I talked about STO before RWA is just to make you demystified by such conceptual things. After all, we Chinese are the best at creating concepts, and we fall for it.
Juzuo just doesn’t want its fans and members to be blinded by such basic things.
Back to the positive effects of RWA, I think there are at least three:
1. It solves the embarrassing situation of air coins having no anchor.
Currently, 99.9% of currencies are essentially priced based on imagination, fantasy, and comparison.
It can even be said that the market value of the entire crypto market is built on this abstract pricing.
But the assets issued by RWA are, after all, real-world objects. No matter how crappy they are, they are not worse than air coins, so at least there has been some progress in the authenticity of the assets.
2. RWA does not make money by selling coins, but by pumping money.
Currently, all the currencies on the market, except Bitcoin, make money by selling coins. I said this, if you don’t believe me, just compare them one by one.
Therefore, if the project party wants to make money, they must pull up the market and distribute the chips as high as possible, so that they can make more profits.
But RWA is not like that. For example, if you issue a real-world asset, first of all, it is backed by a market price valuation. Secondly, the on-chain and off-chain rights are equal. Compared with cutting leeks, the issuer’s motivation to do evil will be weaker (it cannot be said that there is no evil motivation), because they make money from trading volume, handling fees and liquidity, not from selling coins. The underlying logic of the two is still different.
3. RWA and ETF.
In the past, we all liked ETFs very much, and ETFs were also seen as a major benefit to people in the cryptocurrency circle, because the approval and passage of ETFs meant that funds from the traditional financial market would enter the cryptocurrency circle. This is also why the United States will usher in a bull market after passing the Bitcoin ETF.
If ETF allows more people's money to enter the cryptocurrency world, then RWA is equivalent to giving more people in the cryptocurrency world other options besides buying coins. Not only can they use cryptocurrencies to buy coins, they can also buy real assets, and even use it in more payment scenarios.
So from these perspectives, RWA is not completely meaningless.
But now, in the mouths of some people, the nature of RWA is completely different.
In their mouths, RWA has become a policy opportunity, a magic tool for debt reduction, a magic that turns decay into magic, a solution to the financing difficulties of small and medium-sized enterprises, and even a big pie that can be used to reap profits.
The real economy has been in a difficult situation in recent years, and many people have targeted traditional bosses, telling them that they can solve their own financing problems and non-performing asset problems through RWA, and even want to help the trapped bosses transfer debts through harvesting.
But you need to pay them first.
This model was called incubation in the past.
But incubation also has compliance risks.
Now it is called consulting service or full case, so there is no risk.
Whether your case succeeds or not is none of my business.
Whether your project has anyone buying it is none of my business. Whether your project survives or dies is even less of my business.
I am just a full-process service provider who provides you with compliance consulting, program development, and auditing services. I do not participate in your profiteering, nor am I responsible for your liquidity, so how can you blame me?
Although I don't care about anything, you can't pay me a penny less for the whole case, which is a minimum of several million. Otherwise, I will control you and make it impossible for you to move forward or down.
We have no ability to create wealth, but we have the courage to do evil, and it is very big!
So when I saw the offline RWA training sessions that cost several hundred yuan some time ago, I really couldn't help myself. Moreover, the entire Internet is now full of courses teaching you how to do RWA, as if you can make a fortune by doing it, and you will be eliminated if you don't.
Can those who sell grilled sausages also do RWA and tokenize their earnings?
Make up an impossible dream for others and then make a lot of money for yourself.
Don’t you feel guilty about defrauding small business owners of their hard-earned money?
I am Ju Zuo, the founder of web3 Oasis and an expert in crypto asset recovery.
