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Lumia Secures $25M Boost with Strategic RWA Node Sales

August 8, 2024
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Lumia Secures $25M Boost with Strategic RWA Node Sales


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This sale may simply be the most important RWA node sale in Web3 historical past.

Lumia, a zkEVM-based Layer 2 platform constructed on Polygon CDK, has introduced elevating $25 million from the sale of real-world asset (RWA) nodes. It shared the event in a post by way of its official X account, as a present of its dedication to integrating real-world belongings into its blockchain infrastructure, setting a brand new commonplace within the business.

This sale may simply be the most important RWA node sale in Web3 historical past. In response to Lumia, it realized the stated quantity in below 20 days, cementing its place as a dominant RWA chain.

The staff expressed its pleasure on the velocity of the sale, including that it sees the rising curiosity in Lumia’s disruptive know-how from main institutional buyers and the group.

Lumia to Drive Development and Growth with Fund

With the $25 million raised, Lumia is ready to advance its technological capabilities and develop its market presence. The funds will help additional improvement of its Layer 2 resolution, as Lumia continues to search out methods to optimize transaction processes and enter into extra strategic partnerships.

When Lumia introduced the sale of its $ORN HyperNodes, which started on July 18 as Coinspeaker reported, it claimed that its final purpose was to reinforce liquidity within the Lumia ecosystem. So, it is perhaps protected to say that the finished sale is a serious step towards actualizing Lumia’s dream of enhanced liquidity and decentralization inside its Layer 2 community.

As detailed in a earlier firm announcement, Lumia’s HyperNodes kind a serious a part of the platform’s technique. They’d facilitate the delegation of licenses to Decentralized Autonomous Firm (DAC) and Decentralized Node Liquidity Supplier (DNLP) operators. This delegation system is certain to foster a collaborative ecosystem the place each node operators and customers contribute to the general well being and progress of the community whereas additionally incomes rewards.

Additionally, customers can interact with the HyperNodes ecosystem in varied methods. Aside from unlocking rewards and delegating to DAC or DNLP nodes, they’ll additionally take part in Node Owned Liquidity or run their very own nodes. With such different choices, customers can maximize their involvement and profit from the community’s progress in numerous methods and in keeping with their most popular selections.

Broader Affect on the Trade

Notably, the current improvement is a large increase for Lumia. Nevertheless, even because the platform continues to develop its attain, the affect of this type of method will unfold all through the blockchain business. These RWA nodes replicate a rising development towards integrating bodily belongings with digital monetary programs, promising a extra steady and built-in future for blockchain know-how.

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