Nike's NFT Success: $185M Revenue and Counting
"If you're not tokenizing, you're fossilizing." – Mark Fidelman
Welcome to this week's edition of Tokenized Insider, where we delve into the latest intersections of tokenization, real-world assets (RWAs), crypto regulation, and AI. Let's explore the transformative shifts shaping our digital future:
🏗️ Dubai's $16B Real Estate Tokenization Initiative
Dubai's Land Department, in collaboration with Prypco and Ctrl Alt, has launched a platform on the XRP Ledger, enabling fractional ownership of properties. This initiative aims to tokenize 7% of Dubai's real estate market by 2033. CoinDesk
🤖 AI Enhances Real Estate Tokenization Platforms
AI-driven platforms are revolutionizing property valuations and risk assessments, potentially increasing operational efficiency by up to 25%. These advancements offer investors real-time insights and personalized investment opportunities.
📈 Deloitte Projects $4T Tokenized Real Estate Market by 2035
A recent Deloitte report forecasts that the tokenized real estate market could reach $4 trillion by 2035, up from less than $300 billion in 2024, driven by increased accessibility and efficiency. Cointelegraph
🏦 BlackRock Launches Tokenized Money Market Fund on Ethereum
BlackRock, in partnership with Securitize, has introduced its first tokenized fund on the Ethereum blockchain, offering institutional investors a digital alternative to traditional money market funds. Axios
👟 Nike Leads in NFT Revenue Among Fashion Brands
Nike's foray into NFTs, particularly through its Rtfkt acquisition and CloneX collection, has generated over $185 million in revenue, outpacing other fashion brands in the digital asset space. Vogue Business
🏛️ JPMorgan and Apollo Explore Tokenized Wealth Management
JPMorgan and Apollo have unveiled a prototype at the Singapore Fintech Festival, aiming to transform wealth management by enabling investors to manage tokenized assets across blockchains. Axios
🖼️ Tokenization of Art: Picasso's "Fillette au beret"
Art enthusiasts can now own a fraction of Picasso's "Fillette au beret" through tokenization, democratizing access to high-value art pieces and expanding investment opportunities. Synodus
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