Mentioned:
The Solana ecosystem has been exploding with new projects and protocols. But, are Ferraris and Lamborghinis coming next?
What’s happening:
- SOL Global Investments (CSE: SOL) has announced a strategic investment into real world asset tokenization startup MCQ Markets
The big idea:
- MCQ Markets is bringing ultra rare, collectible luxury cars onto the Solana blockchain to enable fractional ownership
- Once MCQ Markets lists a collectible car on their platform, individuals are then able to purchase tokenized ownership in the vehicles that allow them to participate in the future value
Why it matters:
- Tokenizing real world assets on the blockchain is one of the most exciting applications of digital assets, especially for democratizing access to traditionally inaccessible asset classes such as luxury art and collectible cars
Going deeper:
- SOL Global Investments has been rapidly deepening their bet on the Solana ecosystem, just recently raising a fresh financing round for the sole purpose of accumulating more Solana to hold directly as an asset