ELOOP is poised to disrupt the DeFi landscape with its latest announcement, unveiling plans for a tokenization platform on peaq, the blockchain for real-world applications.
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Building on the success of its pilot project, which tokenized Tesla car-sharing vehicles, ELOOP aims to leverage the power of tokenization to unlock new liquidity and revenue streams for DePINs as well as infrastructure and hardware companies.
Today’s announcement marks a significant expansion of peaq’s ecosystem. ELOOP’s platform will enable companies and communities to share in the value generated by their machines, ranging from wind turbines to shared e-scooters.
These tokens will provide holders with rewards based on the fair value of the underlying assets.
“Machine real-world asset (RWA) tokenization opens new avenues for Web3 projects, communities and businesses, fostering deeper engagement with users and providing access to additional liquidity and revenue streams,” explains an ELOOP representative.
“By democratizing access to infrastructure deployment, which was previously limited to large corporations and governments, individuals can now directly contribute to and benefit from these projects.”
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Web3’s fast-growing real-world asset sector, currently valued at more than $4.3 billion, underlines the enormous potential of tokenizing reward-generating machines. This innovative approach, called Machine RWAs, expands the scope of traditional financial instruments and offers new opportunities for companies and DePINs.
ELOOP’s early success in Machine RWAs was demonstrated during the pilot project in Vienna, where vehicles were tokenized into a car-sharing Tesla fleet. The initiative has raised over €1.6 million without any marketing spend, underscoring the viability of the model. Buoyed by this success, ELOOP is now developing a Machine RWA tokenization platform on peaq, with testing underway on krest, peaq’s canary network.
The platform will facilitate the conversion of rights to real-world machines and their generated value into on-chain tokens. These tokens will form Machine Pools on Peaq, allowing users to contribute liquidity and earn rewards based on their stake in the Pool. To ensure regulatory compliance, the platform offers DePINs and companies options to set up Know Your Customer procedures tailored to specific jurisdictions.
With a target of $20 million in Machine RWA token sales in its first year at peak, ELOOP aims to drive transformative change in Web3.
Initially, ELOOP will focus on tokenizing mobility and energy Machine RWAs, such as solar panels and electric vehicles, but ELOOP plans to expand to different industries and sectors in the future. At its core, ELOOP’s platform represents a new era of fractional ownership and value participation in the Web3 landscape. As technology increasingly converges with the world of finance, the possibilities for global progress and prosperity are endless.
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About peak
peaq is the blockchain for real-world applications. The Peaq Layer-1 blockchain allows anyone to build decentralized applications (dApps) and decentralized physical infrastructure networks (DePINs) for car sharing, street maps, web access and more, creating real value as part of the Economy of Things. At peaq, robots, vehicles and other connected devices turn into dynamic real-world assets (RWAs) that serve communities through fractional ownership.
peaq works with leading consortia such as Gaia-x moveID, a more than €20 million project led by Bosch, to co-create the future of smart mobility, energy, connectivity and other key industries in the real world. By empowering everyone to own, control, and monetize the devices and infrastructure they use, peaq is democratizing abundance in the age of AI-driven automation.
For more information, visit peaq, follow peaq on Twitter for updates, and join the conversation on Discord.
About ELOOP Network
ELOOP Network is a machine tokenization network that allows companies and communities to tokenize physical real-world assets (RWAs), such as solar panels, vehicles, wind turbines, and other machines, so they can provide services and revenue streams to communities through Web3 apps (DePINs). ).
ELOOP acts as a launchpad and offers operators a unique opportunity to offer their assets in fractions to public investors through their own asset token.
In addition, the ELOOP Network rewards its business partners and users with its app and the ELOOP coin. Collectively, ELOOP is driving the evolution of sustainable mobility and energy solutions and more by combining Web2 business practices with Web3 technologies since 2017.
Visit ELOOP Network for more information, updates and conversations, follow X and join the community on Discord.