# RWA — X 热门讨论 (2026-09-26 06:55 UTC)
## @juraucrypt (jurau) · 09-26 06:01 · ♥43 ↻11 💬27 Most RWA projects start with buildings, treasuries or gold
@DualMint is doing something much easier to picture: 200 claw machines in Shenzhen malls
The interesting part is how $PLAY fits into it
DualMint PLAY is the company that legally owns the machines
• $PLAY represents a 20% share of that company, while the operator owns the other 80% and handles the actual work:
restocking prizes, maintaining the machines and keeping them running
The revenue model is pretty simple
people use the machines → the operator pays a fixed lease on each machine → that lease becomes the economic base for monthly distributions to $PLAY holders
The operator keeps what the machines earn above the lease
Then there’s the verification layer
Every play hits the machine counter, each machine gets its own onchain ID through peaq, and Chainlink helps reconcile the machine data with operator and bank records
DualMint is targeting 12–15% annually, although that is still a target, not a guaranteed return
So the simple version is:
real machines earn → lease revenue is created → activity gets verified → $PLAY brings that machine-finance model onchain
That’s what makes this RWA setup easy to understand https://x.com/juraucrypt/status/2103726673875104009
## @aminn_eth (Amin_Eth) · 09-26 05:24 · ♥55 ↻0 💬36 What happens when everyday machines become part of an onchain financial system?
@DualMintRWA is exploring that with $PLAY.
The model is built around 200 claw machines in Shenzhen malls.
A separate company owns the machines, while the operator runs them.
The machines generate lease payments and $PLAY represents a share of that underlying business.
What I like about the model is how simple the underlying activity is:
People play the machines. The machines generate revenue.
The revenue supports the structure behind $PLAY.
RWA doesn’t have to be complicated. Sometimes it starts with something as simple as a claw machine.
Explore Uptime by DualMint. > 引用 @aminn_eth: Real machines. Real usage. Onchain access.
That’s what makes @DualMintRWA interesting.
$PLAY gives holders exposure to a fleet of 200 claw machines operating across malls in Shenzhen.
The simple idea:
> Machines operate > generate lease revenue > revenue flows back to $PLAY holders.
No complicated story.
Just physical machines generating economic activity and DualMint bringing that model onchain.
The next step for RWA isn’t always about creating something new.
Sometimes, it’s about putting existing real world businesses onchain.
Check out Uptime and see how $PLAY works. https://x.com/aminn_eth/status/2103717351367790841
## @Bigmelissa_1 (MEL🌹) · 09-26 05:33 · ♥45 ↻7 💬29 My NFT watchlist is getting longer again 😂
Came across these recently and each one gave me a reason to dig deeper:
1. @YieldFields_RH 3,333 Founding Deeds for an upcoming game. @Skarly is behind it, same mind behind @onchainheroes. 850 WL spots currently up for grabs.
2. @0xhazels 5,555 supply. Azuki-ish art, but the utility is what caught me: Launchpad access, Pulse creator campaigns + RWA revenue for stakers.
3. @TheMotifArt 2,048 artworks by @magicburp, inspired by Autoglyphs. Fully drawn + animated on Ethereum. Mint: Oct 20.
4. @OranguNation By @ExoticRaccoon, from OpenSea’s AI content team. Personal project, not affiliated with OpenSea. No mint or supply yet, just lore + community.
5. @therebelkins By @Morph_VGart. Colorful 2.5D art, created character by character in public. Already 1,500+ pieces. No mint or WL yet.
Just sharing what I’m researching, DYOR.
Which one should I dig into next? 👀 https://x.com/Bigmelissa_1/status/2103719464735019021
## @1YES_yes1 (财龙 | &道心在我，财源滚滚&) · 09-26 02:42 · ♥40 ↻1 💬43 价格喂价早就上链了，但龙哥一直觉得，真正难上链的从来不是价格，而是机构的钱。
最近在看 @primus_labs ，刚好发现他们这段时间动作不少。
9 月 22 日上海的 Frontier Cryptography & Ethereum 活动，联合创始人 @Xavier_bham 分享 zkTLS 和 FHE；9 月 24 日又公布 CEO 将参加 9 月 29 到 30 日的 GWDC 2026 KOREA。
这些活动本身没什么特别，但我注意到 Primus 最近对外的定位已经越来越靠近“机构级链上金融的机密基础设施”。
这个方向，我觉得反而值得多看一眼。
因为价格、TVL、交易深度、储备这些公开数据，现在已经有预言机在解决。
但机构真正不愿意公开的，是余额、持仓、银行账户、资金证明、交易记录。
问题就来了。
如果机构把这些东西全部放到链上，透明是透明了，但自己的底牌也没了。
如果一点都不公开，链上协议又没办法确认它到底有没有这笔钱。
所以龙哥理解的 zkTLS，不是简单地把“链下数据搬到链上”，而是试图做另外一件事：
我可以证明自己有这笔钱，但不用把完整账户交出来。
我可以证明某个字段是真的，但不需要把整份数据曝光。
我可以让指定的人验证指定的信息，而不是所有人都看到全部内容。
这和 Chainlink 这类预言机解决的问题，其实不太一样。
预言机更适合处理本来就应该公开的数据。
Primus 想碰的，则是那些“确实需要验证，但又不应该公开”的数据。
这也是我最近比较关注它的原因。
而且这件事已经不只是 Demo。
Primus 参与的储备证明方案，已经开始用于类似 Unitas USDu 这样的场景，把链上资产和中心化交易所里的相关数据纳入验证。
但龙哥也不会因为几个案例就直接下结论。
这里面还有几个很现实的问题。
Attestor 的信任怎么解决？
TEE 能不能真正承担机构级场景？
AlphaNet 后面到底能走到什么程度的去中心化？
还有一个我特别关心的问题：
今天证明账户里有 1 亿美元，明天只剩 5000 万了怎么办？
一次性的证明和持续状态之间，其实还隔着一段距离。
所以我现在看 Primus，不太关心它还能讲多少 zkTLS、FHE。
我更想看的是，未来到底有没有真正的机构愿意把这套东西用起来。
如果能做到“机构可以证明，但不用裸奔”，那才可能是 zkTLS 真正有价值的地方。
龙哥先继续观察。
@primus_labs #zkTLS #FHE #Privacy #RWA https://x.com/1YES_yes1/status/2103676450897318033
## @TheDeFiAngel (THE ANGEL) · 09-26 06:07 · ♥49 ↻1 💬22 $ZEC - @Zcash is increasingly the market’s reference point for privacy.
$NEAR - @NEARProtocol is the infrastructure for a market that is becoming increasingly multi-chain, private, AI-driven, and asset-heavy.
What caught my attention is how much NEAR has evolved.
A few years ago, the perspective was mainly sharding and scalability. Today, the stack looks very different:
→ @near_intents handles cross-chain execution through a solver network, with 30+ chains connected and tens of billions in cumulative volume.
→ https://t.co/XPMiFORLby is becoming a trading interface for swaps, cross-chain assets, perps and tokenized assets.
→ Confidential Intents brings private balances, swaps and trading into the same infrastructure.
→ @near_ai is building around private inference and AI agents rather than trying to compete as another LLM.
→ @Ondo tokenized stocks and ETFs add another RWA layer to the ecosystem.
The point is the convergence.
Chain abstraction brings liquidity from different networks.
Privacy creates demand for confidential execution.
AI creates new users and new forms of computation.
RWAs bring traditional assets on-chain.
$NEAR has a product sitting across each of these narratives, while Intents can potentially capture the activity flowing between them.
That is a very different thesis from the NEAR I researched years ago.
The market is no longer valuing NEAR purely as another L1.
It is increasingly being positioned around the infrastructure connecting users, assets, chains and applications.
And that makes the $ZEC / $BTC and $NEAR / $ETH comparison worth watching, not because they are identical, but because both are becoming proxies for much larger narratives developing around them. https://x.com/TheDeFiAngel/status/2103728099309277458
## @SuiInsiders (Sui Insiders💧) · 09-26 05:45 · ♥43 ↻6 💬2 BREAKING 🚨
PPLUS (@Bitwise Premium+ RWA Vault) on Ember Protocol (Sui network) aims for a net return exceeding 10% through a leverage strategy. 💧 > 引用 @SuiInsiders: JUST IN 🚨
LF Decentralized Trust @lfdecentralized, a leading Linux Foundation open-source organization dedicated to blockchain and decentralized ledger technology, has officially welcomed 15 new members, most notably the Sui Foundation, the global payments network SWIFT, and the US bank Wells Fargo. https://x.com/SuiInsiders/status/2103722495832731842
## @2xnmore (2xnmore) · 09-26 06:00 · ♥45 ↻1 💬3 The market priced the BlackRock logo.
It has not priced what happens when a whole allocation becomes collateral.
That is the part almost nobody is reading.
Tokenised stocks were the first leg of RWA: one ticker, one name, and an easy headline.
Intelligent Portfolios are the second leg.
One token now holds a full mix, whether that is income, diversified growth or high growth, rebalanced on a schedule.
No private banker. No rebalance spreadsheet.
BLKHIon BLKDIGon BLKGRWon
BlackRock sold the model. Ondo runs the engine. You hold the wrapper.
You still do not own the shares. You still do not get the vote. US persons still cannot buy it.
What changed is the unit of account.
A stock token is inventory. A portfolio token is a product.
And a product that is also a token can sit under a loan or a perp.
That is how a "sensible diversified portfolio" turns into leverage with a blue chip logo on the box.
Ondo keeps building the rails. The company keeps the spread and the service fee.
ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 is still waiting for the tap.
So ask the only question that sizes this.
Is this the moment RWA stopped selling assets and started selling allocation?
Or is it just another Wall Street headline with no fee switch behind it?
Drop your honest read. I will read every reply.
https://t.co/p6xL4d9oar > 引用 @Ondo: Introducing Ondo Intelligent Portfolios https://x.com/2xnmore/status/2103726261352710156
## @ahboyash (Ash) · 09-26 03:06 · ♥42 ↻0 💬7 This routes activity from 70+ stock pairs into the robinhood:0x2e8c31162b855a2ffa90f6f8634643ad6f111e18 Community Vault with the aim of building an S&P 500-style reserve
New stock-paired launches now send 5% of fees to the robinhood:0x2e8c31162b855a2ffa90f6f8634643ad6f111e18 reserve and 5% to buybacks and burns, cementing robinhood:0x2e8c31162b855a2ffa90f6f8634643ad6f111e18 as the core pair of the @longdotxyz RWA economy
There is no LONG token , robinhood:0x2e8c31162b855a2ffa90f6f8634643ad6f111e18 is the LONG token
Do you see it now anon?
robinhood:0x2e8c31162b855a2ffa90f6f8634643ad6f111e18 holder
https://t.co/4TIIpo0bQr > 引用 @ahboyash: Psuedo native token larping as a meme for the breakout app of this cycle with revenue buybacks
Uni v4 infra for tokenised stocks
Token with the most long-term holders + deepest liq pool + resilient (30%+ dips that got bought back up)
Becoming the quote asset for other pairs with fee sink https://x.com/ahboyash/status/2103682704210550835