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Polkadot Web3 Foundation Invests $1 Million in RWA
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Polkadot Web3 Foundation Invests $1 Million in RWA

Dec 2, 2023

The Web3 Foundation, a leader in the innovative ecosystem of Polkadot, has taken on a new initiative by investing 1 million dollars in support of the development and implementation of RWA (Real-World Assets). This move aligns with the foundation's strategy to stimulate growth and innovation in the Polkadot infrastructure. The investments, provided through the Anemoy platform by Centrifuge Chain, are aimed at bridging the gap between traditional finance and decentralized finance (DeFi).

As of now, this news has not had a significant impact on the price of Polkadot, a cryptocurrency that is likely to reap long-term benefits from this move. Currently, the price of Polkadot stands at $5.2, which is 2.49% lower over the last 24 hours. However, the market capitalization is around $6.5 billion, with a daily trading volume of $157.5 million.

This collaboration between Centrifuge and Web3 Foundation lays the foundation for significant growth and innovation for real-world assets using the Polkadot infrastructure and technologies.emphasized the potential of the partnership, Lucas FOGELSONG, co-founder of Centrifuge.

According to the announcement, Web3 Foundation's investments will be directed towards the future Anemoy Liquid Short Treasury Fund. This fund aims to provide convenient access for decentralized autonomous organizations (DAO) and other investors to short-term income from U.S. treasury bills.

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