Real-world asset (RWA) tokenization is emerging as a powerful force that’s set to drive the blockchain economy. Everlodge (ELDG) and Ripple (XRP) are two companies primed to lead this charge. The former is currently in its presale phase, offering early investors an opportunity to position themselves before the mainstream market catches on. Let’s explore why these projects are expected to be market leaders.
What Is Real-World Asset (RWA) Tokenization?
Tokenizing real-world assets means converting physical assets into digital tokens representing ownership of the assets. So, whether it’s a property or a work of art, these assets can be represented on a blockchain as tokens.
Tokenizing real-world assets offers a host of benefits for both issuers and investors. These include increased liquidity, fractional ownership, improved market access, reduced risks of fraud, and improved transparency.
Let’s look at two leading RWA crypto projects: Everlodge and Ripple.
Every Lodge (ELDG): Democratizing Real Estate Investment
Everlodge is a blockchain-based real estate investment platform that aims to revolutionize our investment in the real estate market. By bringing properties on-chain as fractionalized NFTs, Everlodge offers fractional ownership, increased liquidity, and immutable transaction records.
Everlodge also leverages the benefits of blockchain technology, such as smart contracts and decentralized governance, to streamline and automate processes, reduce costs, and increase transparency. It’s no wonder why industry analysts are expecting the ELDG token to surge 30x when it hits the exchanges.
Furthermore, Everlodge’s Rewards Club and Launchpad features create additional value for investors and developers. While the Rewards Club offers benefits like free stays and discounts, the Launchpad allows property developers to raise funds from an engaged community.
The ELDG token is the centrepin of Everlodge’s ecosystem, providing access to the platform’s features and serving as a means of payment in the ecosystem. Holders receive discounts in the marketplace, qualify for holiday giveaways, enjoy free nightly hotel stays, and even stake their tokens to earn passive income.
Everlodge is primed to drive the blockchain economy by making real estate investing more accessible and attractive to a broader range of investors. Analysts note that this is no small feat, and the current presale price of $0.029 could skyrocket beyond $1.00 at launch.
Tokenizing Real-World Assets on Ripple’s XRPL
David Schwartz, the CTO of Ripple, has recently revealed plans to tokenize real-world assets on the XRP Ledger (XRPL). This comes after JPMorgan and Bank of America (BoA) showed immense interest in the emerging technology, which backs up claims that RWA tokenization will become a multi-trillion-dollar industry.
Schwartz appreciates that the XRP token receives positive praise but was quick to emphasize that XRPL’s ability to tokenize tangible assets is the real game-changer. Many people in the crypto community don’t yet realize that XRPL can host intelligent contracts and issue tokens beyond just XRP.
Schwartz highlighted the transformative potential of tokenized RWAs on the XRP Ledger, foreseeing benefits such as enhanced collateralized loans, improved interoperability, and increased institutional adoption, ultimately reshaping the financial landscape.
Schwartz also sees significant blockchain-driven growth, particularly in tokenizing real estate and commodities. This prediction gives weight to Everlodge’s RWA tokenization model, which seeks to transform the $280T global real estate industry.
The current Ripple price of $0.55, down 86% from the 2018 peak, shows that the market has yet to react to the possibility of the XRPL becoming the go-to platform for institutional RWA tokenization. Chart technicians highlight the $0.90 resistance level as the line in the sand that could see Ripple prices double once breached.
Investors believe the current $30 billion market cap is already high, and they need to see adoption and use cases before driving the price higher. This price stagnation is in direct contrast to the soaring Everlodge token, ELDG, which has already surged 190% as excitement builds.