2024

World

Bitcoin

Chainlink

<h4><strong>Chainlink has set its sights on the emerging trend of Real World Assets (#RWA), anticipating its expansion into new asset classes. </strong></h4> 
<p>Chainlink is leading a new effort to put real estate on the blockchain as special digital tokens called dNFTs. Let’s explore more about this important news.</p> 
<h5><strong>Chainlink Innovates: Real Estate as Digital Tokens</strong></h5> 
<p>As the #RWA trend gains momentum, Chainlink recognizes the need to bridge the gap between the physical and digital worlds. Real-world assets, such as real estate, have historically been excluded from the decentralized finance ecosystem due to their tangible nature. However, Chainlink aims to change this by transforming real estate into digital assets through the use of NFTs.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/RWA?src=hash&amp;ref_src=twsrc%5Etfw">#RWA</a> trend will only expand to encompass new asset classes. </p> 
 <p>Real estate could be represented onchain as dNFTs, with payments, identity, and other offchain information all verified using zero-knowledge proofs.</p> 
 <p>The tokenized future is coming: <a href="https://t.co/l0dLJpvs7X">https://t.co/l0dLJpvs7X</a> <a href="https://t.co/uNhmq79Zv3">pic.twitter.com/uNhmq79Zv3</a></p> 
 <p>— Chainlink (@chainlink) <a href="https://twitter.com/chainlink/status/1749086196070760700?ref_src=twsrc%5Etfw">January 21, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>&nbsp;</p> 
<p>One key aspect of Chainlink’s approach is the utilization of <a href="https://www.altcoinbuzz.io/?s=zero-knowledge+proofs" target="_blank" rel="noopener">zero-knowledge proofs</a> to verify off-chain information related to real estate transactions. Zero-knowledge proofs enable the verification of data without revealing the actual content, ensuring privacy and security.</p> 
<p>This innovation is particularly crucial in the real estate sector, where sensitive information such as property ownership, payments, and identity details can be securely verified on the blockchain without compromising individual privacy. Chainlink’s move to represent real estate as <a href="https://chain.link/education-hub/tokenized-real-estate" target="_blank" rel="noopener">dNFTs</a> brings a new level of efficiency to the real estate market. This not only accelerates the speed of transactions but also lowers transaction costs, making real estate investments more accessible and cost-effective.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Understand how tokenization can impact the real estate market <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2b07.png" alt="⬇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/l0dLJpvs7X">https://t.co/l0dLJpvs7X</a></p> 
 <p>— Chainlink (@chainlink) <a href="https://twitter.com/chainlink/status/1748119828315914636?ref_src=twsrc%5Etfw">January 18, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h5><strong>Conclusion</strong></h5> 
<p>Chainlink’s interest in the #RWA trend represents real estate on the blockchain as dNFTs mark a significant leap forward in DeFi. By using zero-knowledge proofs to verify off-chain information, Chainlink paves the way for the inclusion of diverse asset classes.</p> 
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<p><strong>Disclaimer</strong><br> The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/chainlinks-rwa-real-estate-as-dnfts-with-zk-proofs/">Chainlink’s RWA: Real Estate as dNFTs with ZK Proofs</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Chainlink’s RWA: Real Estate as dNFTs with ZK Proofs

Altcoin Buzz

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