Polytrade Taps Ethereum L2 Network Base To Offer Real-World Asset NFTs

Updated: 25 July 2024

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Non-fungible tokens, best known for signifying ownership of digital collectibles like graphic arts and gaming assets, are revolutionizing almost every digital aspect we know today, from sending payments to issuing smart contracts. Polytrade has integrated Base to extend this revitalization to tangible world assets.

Polytrade Taps Base To Offer RWA NFTs

In a July 24 blog post, Polytrade, one of the leading real-world assets marketplaces, confirmed partnering with Base, an Ethereum Layer Two blockchain, to offer tokenized digital items. Base is a blockchain network from the Base crypto exchange focused on bringing the entire world on-chain to create a global economy that increases innovation, creativity, and freedom.

We are thrilled to announce that Polytrade will be coming to @base.

Built by @Coinbase, @base is one of the largest Ethereum Layer 2 networks and a growing destination for RWAs.

Soon, RWAs on @base will find a home at @Polytrade_fin.

This integration will fuel the Polytrade… pic.twitter.com/NQ78n8KoOZ

— Polytrade (@Polytrade_fin) July 24, 2024

Launched in 2022, Polytrade is a real-world asset digital marketplace focused on revolutionizing financial technology for users, investors, lenders, and borrowers. Polytrade RWA marketplace aims to transform economic systems by leveraging blockchain technology and introducing more efficient and transparent processes.

Polytrade is one the world’s largest asset marketplaces, with over 4,000 tokenized assets ranging from collectibles to gold and credit. Polytrade is one of the few native asset originators in decentralized finance, providing sustainable yields and easy access to RWAs.

Polytrade’s RWA-backed NFTs Overview

Under the new integration, Polytrade anticipates leveraging the Base blockchain network to offer tokenized RWAs. By description, tokenization is the process of representing any physical or financial real-world asset as a crypto token on a blockchain or non-fungible token collection.

Tokenization will enable Polytrade users to choose from real-world assets like real estate, art, gold, pokemon and trading cards, collectibles, or even instruments such as private credit from any part of the world in just a click of a button. In recent months, RWAs have gained traction among traders.

As per CoinGecko, an on-chain crypto market data aggregator and non-fungible token explorer, RWAs were the second most popular sector in web3 and crypto as of Q2, 2024. Last week, the RWA marketplace Polytrade joined Planet Refi to launch a Limited Edition Messi Golden Boot NFT Draw on its platform, celebrating Argentina’s victory in the Copa America.