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EOS Enters Tokenized Real-World Assets: Launches Wrapped RAM (WRAM)

2 mins
Updated by Bary Rahma
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In Brief

  • EOS launches EOS Wrapped RAM (WRAM), tokenizing system RAM to enhance liquidity.
  • WRAM facilitates off-chain trading and is trackable on platforms like CoinMarketCap.
  • WRAM is managed by EOS Block Producers, ensuring enhanced security and listings.
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EOS has introduced Wrapped RAM (WRAM), a significant step in tokenizing real-world assets (RWAs) within its ecosystem.

This new development aims to enhance the liquidity and accessibility of Random Access Memory (RAM), a crucial but finite resource on the EOS platform.

EOS’ Wrapped RAM to Transform Markets

RAM is vital for the operation of decentralized applications (dApps) and the execution of transactions on the EOS blockchain. Traditionally, managing and trading RAM within the EOS system required direct interactions through the network’s Bancor Automated Market Maker (AMM).

The creation of WRAM offers a solution that enables off-chain trading and broader market visibility.

The WRAM initiative provides a 1:1 tokenization of existing RAM without transaction fees, allowing for greater flexibility. This allows users to trade WRAM on various cryptocurrency exchanges. Therefore, it aims to enhance the overall efficiency of resource management on the EOS network.

Additionally, WRAM can be tracked on significant data platforms like CoinMarketCap and CoinGecko. This provides a more transparent and accurate valuation of this asset, currently valued at a market cap of $108 million.

“WRAM offers a tokenized version of EOS RAM, extending its reach across the blockchain sector and creating new opportunities for growth. Once WRAM is bridged to platforms like Ethereum (ETH) and Binance Smart Chain (BSC), it will pave the way for listing WRAM trading pairs on major decentralized exchanges such as Uniswap V3 and PancakeSwap V3,” EOS Network Foundation wrote.

Unlike earlier RAM tokenization attempts such as BRAM, EOS Block Producers directly manage WRAM. This management structure improves security and regulatory compliance, facilitating listing on top-tier centralized crypto exchanges.

Read more: What is The Impact of Real World Asset (RWA) Tokenization?

As EOS explores the potential of tokenized real-world assets more broadly, WRAM is poised to play a critical role in showcasing how blockchain technology can be applied to enhance the utility and management of digital resources.

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Bary Rahma
Bary Rahma is a talented journalist who graduated from New York University with a degree in Journalism. In her extensive career, she has worked for renowned media outlets such as CNN, showcasing her investigative skills and storytelling abilities. Currently, Bary contributes her expertise to BeInCrypto, where she crafts insightful articles on the dynamic crypto industry. In addition to her work at BeInCrypto, she has contributed her expertise as a content writer for Binance, creating...