SymBytes Edition 2 : Why RWAs Are Web3's Hottest Ticket👀

Narrative of the week🗓️

Real World Assets 🖼️ 

Forget crypto cats and virtual land plots, RWAs are all about injecting real-world assets like buildings, artwork, or even wine into the vibrant world of Web3. Imagine owning a fraction of the Eiffel Tower, or borrowing against your diamond ring using blockchain!

That's what RWAs, or Real World Assets, are all about – digitizing tangible assets and opening up a whole new realm of possibilities for investment, lending, and ownership in the decentralized sphere.

Here's some straight up RWA alpha for you. 🤑 

RWAs are the bridge DeFi needed. They bring TradFi's assets (think fancy houses, art or even financial assets) to DeFi's party, letting everyone invest, unlock hidden value, and build cool new financial tools. It's a win-win, blending stability with innovation.

Shoutout to our friends ZOTH - they bring stable high yield goodness from the real world right into Web3. 📈 

And the clincher? They have the necessary licenses in a growing list of countries.

They’re also part of the Chainlink BUILD program to help bridge the gap between DeFi and TradFi (more on it here) 🫱🏻‍🫲🏽

If you're a crypto HNI or manage wealth for a fund or family office, you'll definitely want to check them out.

We dive deeper into why these real-world treasures are setting Web3 ablaze in this thread 👇️ 

What we’ve been upto…💬

We’ve been out and about this week, sharing Symbiote’s vision and just generally meeting up with like minded projects at Web3 events and conferences.

1) The Importance of Web3 Accelerators - Panel Discussion at Scale, Dubai

Our founder Nilotpal was a panelist at a discussion on “The Importance of Web3 Accelerators” at the 11th edition of the Scale conference in Dubai.

It was moderated by Thomas from Nadmah, which nurtures early-stage projects through their token launch incubation program and provides specialized consultancy services.

We shared insights into the Web3 acceleration space and why they can be a game changer for early stage startups.

2) Invest Summit - Conference hosted by Alluxe, Dubai

The Alluxe Invest Summit is a conference where StartUps and Leading Venture & Angel Investors meet and discuss synergies and growth prospects.

We met a plethora of promising startups there - the interest in a Web3 acceleration solution like Symbiote was off the charts!

Symbiote Spotlight ⭐️

Let’s take a look at some of the highlights, success stories and alpha from the Symbiote Ecosystem in the past few weeks👇

1) NodeOps picked up a trophy at Blockchain Week in Bangalore

The team kicked off the week with a session on how their stack makes infra handling and dev onboarding a breeze for devs at at the Interchain Hacker House by @FilamentFinance, @onboardingclub.

They also showcased @NodeOps_App at the Polygon Connect Demo Day, earning positive feedback from potential partners, developers, and Investors.

🌟 And 🥁 roll…they won the ‘Proof of Builders’ Demo Day hosted by Aptos, Spheron! 🌟

2) Scallop shared alpha on blockchain payments

Blockchain based payments are evolving at break-neck speed, right in front of our eyes. Cross-border payments, everyday purchases and even insurance payments can be done using your crypto, right from the Scallop app!

3) DeHack Supply Chain Attack On Ledger Connect Kit

Crypto always comes with surprises but the Ledger Connect Kit attack was on which crept upon us randomly.

DeHack covered the whole situation from the top down👇

Platform Developments ⚙️

Also - exciting news on pur product front — we just dropped the Symbiote platform, and it's a total game-changer for our awesome cohort projects and partners. 🌟 

Now, our projects can easily keep tabs on their daily progress, connect with mentors, partners, and VCs in our network, dive into super useful content in the Study Corner, and snag exclusive discounts from our partners, all in one slick interface. Here are a few snapshots -

We're pumped about the collaboration possibilities this platform opens up as we get our projects on board.

Stay tuned for more deets on how Symbiote is shaking up the whole accelerator scene! 🌐🚀

That’s all for this week, folks! Stay tuned for new editions of SymBytes every Tuesday. In the meanwhile, stay connected with us here-

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About Symbiote

The Web3 ecosystem is plagued by funding gaps and a dearth of tailored support. Symbiote aims to be the antidote 💉 

Here are the key differentiators in Symbiote’s program.

• 12-week tailored program designed for individual project needs.

• Sprint-based model for high-paced, measured results.

• Focus on instilling confidence in startups to navigate the dynamic crypto market.

• Real-time project insights via cutting-edge analytical tools.

• Knowledge center providing detailed connections, past performance, and future plans.

• Access to an extensive ecosystem with 50+ Mentors, 450+ Partners, 150+ Investors and a fast growing 110k+ Global Community

 🚀 As crypto markets are heating up, the time could not be better for a promising project to join a program like this. 

The conditions are ripe - and with an industry leading support system, your chances of succeeding are catapulted to the 🌙.

Stay tuned as we’ll be announcing our first cohort of some super promising, path breaking projects in the coming days! (Apply here for the next cohort)