Sergey Nazarov: Real World Assets (RWAs) Will Revolutionize Blockchain Technology

Sergey Nazarov, co-creator of Chainlink (LINK), predicts that real world assets (RWAs) will dominate the blockchain industry, surpassing cryptocurrencies in on-chain value. 

Speaking to his social media followers, Nazarov highlights RWAs’ potential to tokenize assets like real estate, loans, and bonds on the blockchain. He emphasizes that RWAs offer secure ownership and easy transferability across borders, facilitating global liquidity. 

Nazarov cites examples where on-chain RWAs can efficiently manage asset data, such as NAV for large financial institutions, thereby reducing operational costs and speeding up transaction times from months to minutes, a significant economic advantage.

Clever Robot News Desk 15th July 2024

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