The RWA track continues to develop, and the gold project Gold DAO on the IC chain is drawing attention.

Recently, the RWA sector has been gaining momentum. In addition to the layout of traditional DeFi platforms, many native protocols have also emerged. RWA is not only likely to become the main narrative of the next bull market but also has the potential to serve as a bridge between the cryptocurrency market and mainstream finance, bringing a large amount of traditional capital into the crypto space. RWA stands for Real World Asset tokenization, which refers to the process of converting the equity value of tangible or intangible assets into tokens. RWA can represent various traditional assets, such as commercial real estate, bonds, cars, and almost any asset that can store value.

Public chains are actively responding to the RWA narrative, launching protocols related to real-world assets. In the Internet Computer ecosystem, Gold DAO is a noteworthy RWA project.

Gold DAO Introduction

Gold DAO is a gold RWA project built on the Internet Computer, aiming to achieve the digitization and democratization of gold through blockchain technology, allowing global users to bypass traditional trading markets and trade physical gold securely and fairly. The project was initiated by the Swiss company DAO.Link, with major contributors including the ORIGYN Foundation and the NFT marketplace YUMI.

The Gold DAO ecosystem consists of four parts:

1. GLD-NFT: Represents ownership of physical gold stored in the vault, holders can redeem physical gold at any time.

2. GLDT: A fungible token representing 0.01g of gold, which can be exchanged for GLD-NFT.

3. USDG: An over-collateralized stablecoin backed by GLDT as collateral.

4. GLDGov: Governance token, used to participate in protocol governance.

Advantages of Gold DAO

Compared to other gold tokenization projects, Gold DAO has the following advantages:

1. Utilizing the ORIGYN protocol, data is stored directly on the blockchain, ensuring immutability and trust.

2. Issue governance tokens through SNS to ensure the decentralization of the protocol.

3. Plan to launch cross-chain functionality to improve usability.

4. Provide a reliable stablecoin USDG for the IC ecosystem.

Future Plans of Gold DAO

Gold DAO is currently focusing on developing a secure and fully functional gold tokenization ecosystem. In the future, it will focus on attracting users to purchase GLD NFTs and GLDT, while advancing the development of USDG. In addition, Gold DAO plans to collaborate with the DFINITY Foundation to achieve integration with the Ethereum and Bitcoin networks, in order to expand its influence in the Web3 space.

As a highly anticipated RWA project on the IC blockchain, Gold DAO is expected to bring positive changes to the IC ecosystem and occupy an important position in the RWA field. With the continuous development of the project, Gold DAO will provide users with a more convenient and secure way to invest in gold, promoting the application of blockchain technology in the field of real assets.