Real World Assets, or RWA’s…this sector of crypto is really starting to heat up & it’s
only going to get hotter as the giants of Web2 start transitioning over to the world of web3.
What if I told you soon, web2 giants like Amazon are going to be jumping into crypto,
specifically the RWA sector? Many of you wouldn’t believe it,
but after this video you just might believe…because it’s time for Chico Crypto!!
Real World Assets are heating up? What do you mean Chico? How
do you know?? Well the proof is in the data pudding. Checking out DeFi Llama,
we can see the RWA sector in crypto has grown to the #10 sector in crypto based on TVL,
with over 718 million dollars locked up in the different RWA protocols that DeFi Llama tracks.
To see the growth of this sector we have to go back in time…to a snapshot of DeFi Llama taken
by the wayback machine, in late January of this year. As we can see, the RWA sector wasn’t even
in the top 20 sectors of crypto, it was rank #22 with only just over 100 million in TVL.
So in just over 5 months, this sector has jumped into the top
10 & the TVL of RWAs has surged by 700 percent, to over 700 million in TVL…
Although, this sector might just be actually over 1 billion in TVL,
because if we jump over to rwa.xyz and their section on tokenized government treasuries,
we can see that in Tokenized Treasuries sector which includes tokenized US treasuries, bonds,
and cash-equivalents, this alone has over 621 million locked up…
And the growth in tokenized US treasuries has followed a similar path,
growing from around 100 million in January, to over 621 million today…
The data obviously shows that RWAs are heating up & heating up quick!!!
Now what about Amazon?? How is Amazon getting into the RWA sector of cryptocurrency…
Well back in January of this year, Blockworks dropped this news “Amazon NFT Initiative Coming
Soon”...and the article states “Amazon is launching a digital assets enterprise,
according to four sources familiar with the matter. Amazon has been shopping the digital
collectibles effort to no shortage of power players in the industry,
per multiple sources. Said to be among those entities are layer-1 blockchains,
blockchain-based gaming startups, developers and digital asset exchanges. There’s a focus
on blockchain-based gaming and related NFT applications, two sources said.
Now in April of 2022, the CEO of Amazon, Andy Jassy spoke on CNBC Squawk Box and his answer
to this question makes me think Amazon’s NFT plans are coming and coming soon.
Over 1 year ago, the CEO said it’s possible down the road…like Amazon had it on their roadmap….
NFTs Tyler?? Those aren’t real world assets???
Well Blockworks, who broke the amazon NFT news in January of this year,
expanded on this with a March article titled “Amazon NFTs Will Be Tied to Real-world Assets,
Token Possible” and the article says “Amazon is laying the groundwork to give its customers the
ability to purchase NFTs tied to real-world assets that are delivered to their doorstep,
according to three sources familiar with the matter. The move is a significant upgrade from
the e-commerce giant’s earlier steps in developing its NFT platform, a move previously reported
by Blockworks. And the company is planning to notify every Amazon Prime customer — at least
in the US — of its digital collectibles initiative once it goes live, an additional two sources said.
Amazon shoppers, for instance, would be able to purchase a fashion-oriented NFT tied to a pair of
jeans — and pay with a credit card, sources said, just as they would with any other Amazon purchase.
NFTs tied to physical items, aka Real World Assets…sound like Amazon is up to something BIG!!!
So who could be involved with Amazon on this coming venture?? Well the
Blockworks article continues “The back end blockchain technology isn’t clear,
and the company appears to have considered a number of different
options for integration since it began working on the ambitious initiative.”
Well I’m going to try and make this clear…of course I don’t know if this
is 100 percent correct, but from my research,
I think I’m on the correct path to cracking this Amazon NFT and RWA case….
Around the same time when Blockworks released the January article on Amazon's NFT plans,
Amazon’s Web Services, AWS inked a partnership with a layer 1
blockchain…Avalanche. As we can see this news came out January 11th and together
they were bringing “Scalable Blockchain Solutions to Enterprises and Governments”
And founder of Avalanche, Emim Gun Sirer, said this about the partnership when the news was
released “This is a big deal. It's not your grandfather's "AWS partnership announcement."
Let me explain in plain English. In the past, other chains have paid AWS to host some nodes,
and has pitched this as "AWS partners with SomeChain." In reality, SomeChain
was paying AWS -- they were a client of AWS. There was no meaningful partnership. This
announcement is the exact opposite. AWS recognizes how blockchains are evolving,
with subnets serving as appchains, and wants to be one of the hosting providers
for the many subnets that people are about to launch. To this end, they will be contributing
substantial amounts of AWS credits to projects looking to deploy subnets on Avalanche.”
This is an actual partnership between AWS and Avalanche…something bigger is going on here…..
Which is confirmed from the AWS article on the partnership,
where they dive deep into what is going on between the two ... .
Sooooo ... .it's just Avalanche Tyler…Amazon is working with Avalanche on this NFT venture???
Well yes….I’m pretty sure Amazon will be launching a private blockchain for their
NFT venture as a private subnet on AVA…but there are more projects involved with this….
Why do I think this??? Well if we go back to the Avalanche Medium post on the AWS partnership,
we can see something very telling. The article says “Finally, Ava Labs and AWS
are collaborating on events for entrepreneurs and developers, such as the Avalanche Summit”
AWS and Amazon were partnering on the Avalanche summit for 2023…who
was the NFT standout star of Avalanche’s summits?
Well Art on Avalanche twitter tweeted this before their summit, which happened in May. They said
“Last year lost worlds NFT was a smash hit. And it'll be even bigger this year. Make sure you're
set to go with http://lostworlds.io before you get here tomorrow! And from the lost world tweet
below and video, we can see they are all about GEONFTs and experiencing NFTs in the real world….
So what Tyler…how do GEONFTs and this random project lost worlds tie into amazon?
Well this here is, just pure speculation from me…but if we go to this explanation
article on GEONFTs, we can see they are all about bridging the physical world and the
metaverse and this article specifically mentions lost worlds as a leader in this blossoming space…
Amazon is rumored to be bridging the physical and digital world together with their NFT venture…
Then if we go to the lostworlds documentation and their roadmap….we can see in partnerships
and events, they have the states NFT launch….like United States?
Going back to the 2nd blockworks article on their NFT initiative we can see it says “The move is a
significant upgrade from the e-commerce giant’s earlier steps in developing its NFT platform,
a move previously reported by Blockworks. And the company is planning to notify
every Amazon Prime customer — at least in the US — of its digital
collectibles initiative once it goes live, an additional two sources said.
Looks like Amazon’s NFT initiative will go live in the United States first….hmmm…now going back
to their partnerships and events roadmap we can see, after this
is their B2B white label solution, and after that a Web2 partnership….
Could it be…Amazon??? Well here is what thinks it’s possible, that could be the
case and something is brewing between Amazon, Avalanche, lostworlds and more crypto projects.
If you go to the LostWorlds Twitter account, and we scroll down to July 1st,
they retweeted an mspace. Mspace said “take a look at @lostworldsnft, soon we see the
biggest announcement in the history of web3 Amazon nft digital marketplace @pudgypenguins
@dokyoworld…two of the nft collections he theorizes involved in amazon’s nft play as well.
Then just last week, they retweeted one of his tweets,
saying “Whoever this is…. is paying attention. Maybe too much attention”
Interesting to say the least, and remember this is just a theory of mine based on
what’s transpired…the amazon NFT rumors, the avalanche partnership, and finally lostworlds
being an NFT tech allstar in the avalanche ecosystem. Cheers I’ll see you next time!