EOS Enters Real-World Assets: Launches Wrapped RAM
EOS has introduced Wrapped RAM (WRAM), a significant step in tokenizing real-world assets (RWAs) within its ecosystem.
This new development aims to enhance the liquidity and accessibility of Random Access Memory (RAM), a crucial but finite resource on the EOS platform.
EOS’ Wrapped RAM to Transform Markets
RAM is vital for the operation of decentralized applications (dApps) and the execution of transactions on the EOS blockchain. Traditionally, managing and trading RAM within the EOS system required direct interactions through the network’s Bancor Automated Market Maker (AMM).
The creation of WRAM offers a solution that enables off-chain trading and broader market visibility.
The WRAM initiative provides a 1:1 tokenization of existing RAM without transaction fees, allowing for greater flexibility. This allows users to trade WRAM on various cryptocurrency exchanges. Therefore, it aims to enhance the overall efficiency of resource management on the EOS network.
Additionally, WRAM can be tracked on significant data platforms like CoinMarketCap and CoinGecko. This provides a more transparent and accurate valuation of this asset, currently valued at a market cap of $108 million.
“WRAM offers a tokenized version of EOS RAM, extending its reach across the blockchain sector and creating new opportunities for growth. Once WRAM is bridged to platforms like Ethereum (ETH) and Binance Smart Chain (BSC), it will pave the way for listing WRAM trading pairs on major decentralized exchanges such as Uniswap V3 and PancakeSwap V3,” EOS Network Foundation wrote.
Unlike earlier RAM tokenization attempts such as BRAM, EOS Block Producers directly manage WRAM. This management structure improves security and regulatory compliance, facilitating listing on top-tier centralized crypto exchanges.
Read more: What is The Impact of Real World Asset (RWA) Tokenization?
As EOS explores the potential of tokenized real-world assets more broadly, WRAM is poised to play a critical role in showcasing how blockchain technology can be applied to enhance the utility and management of digital resources.
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