I've been scanning the blockchain these days, and yesterday I was randomly browsing on the Solana chain when I suddenly came across a new project: 66GOLD.

Gold is currently very popular, and I couldn't help but dig deeper into its mechanics. 66GOLD is the world's first gold RWA project launched on Solana.

Behind it is a real asset - physical gold backed by the Mponeng gold mine in South Africa, which is one of the deepest mines in the world.

The design is to buy gold and receive tokens; when you buy 1 gram of gold, you get 66GOLD in return, with assets being tracked on two separate chains. It's the first time I've seen an on-chain RWA that tightly binds 'physical gold + token incentives' together.

The tokens are issued on Solana. The transaction costs and execution speed of Solana are well-known, especially friendly for retail and non-professional users, making the entry barrier much lower.

The most important point: the mining company promises to use future profits to buy back 66GOLD. This is a genuine cash flow buyback, belonging to the very few on-chain projects that have a 'financial closed loop.'

The project has just launched, but the structure is very complete, and the approach is very 'institutionalized.' It seems like a template for future 'on-chain asset securitization.'

Currently, the gold market is very strong, and coupled with RWA being one of the strongest narratives this year, this combination of gold × Solana × deflationary mechanism has a lot of potential.