RACE Revolutionizes Ethereum: The RACE full-stack modular blockchain infrastructure platform has recently launched its mainnet, built on Optimism’s OP Stack and based on the Ethereum Layer 2 (L2) blockchain. However, With this update, RACE joins the Optimism Superchain, a group of chains that work together to use the OP Stack and generate income for the Optimism Collective. After OP Mainnet and Base, RACE is the latest self-hosted chain to join this groundbreaking network.
Enhancing Tokenized Real-World Assets
In its mission to build a decentralized marketplace for tokenized real-world assets (RWAs), RACE has made great strides in releasing its EVM-compatible L2 blockchain system. A wide range of assets, such as real estate, commodities, art, private equity, trade finance, private debt, and luxury collectibles, can be tokenized through the platform.
Key Benefits for Users and the Ecosystem
However, With Optimism’s Layer 2 technology integrated, there are numerous benefits, including near-instantaneous transaction finality and drastically lower fees than the Ethereum mainnet, all without sacrificing security. To facilitate a thriving international market for tokenized assets, which is accessible to investors all over the globe, this improvement is essential. In addition to reducing costs and improving speed and security for consumers, RACE’s contribution to the Superchain will use its governance structure, scalability, and interoperability.
Strategic Vision and User Empowerment
Miguel Buffara, a key member of RACE and the team’s principal finance engineer, stressed the importance of the L2 mainnet launch in radically altering the worldwide landscape of RWA ownership, trading, and administration. Using the Superchain’s shared security and scalability, RACE can improve its infrastructure, according to Buffara. However, This will let investors easily access a variety of tokenized assets through the ATB Layer. Liquidity providers, asset owners, and issuers can all rest assured that this environment is trustworthy and compliant.
Connectivity and Developer Support
Tokenized assets on RACE stand to gain from integration with Optimism’s growing network of decentralized apps, marketplaces, and cash reserves. Because of this integration, tokenized assets are more liquid, and cross-chain trade is made easier, leading to a stronger market.
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Accelerating the creation of new applications and services inside the RACE ecosystem, Optimism provides developers and projects building on RACE’s infrastructure with a comprehensive array of tools, SDKs, and documentation.
Optimism’s Endorsement and Strategic Partnership
When asked about RACE’s participation in the Superchain and the introduction of its L2 mainnet, Ecosystem Partnerships Lead at Optimism Mark Gerhart was optimistic. He stressed the importance of RACE’s strategy for developing a compliant and decentralized infrastructure environment for web3’s next iteration. This platform facilitates the easy proposal, purchase, and sale of tokenized assets by users with varied levels of expertise, increasing the global community’s access to these assets.
Commitment to Security and Transparency
Building a trustworthy and open system for digital asset management is one of RACE’s primary goals. The platform uses cutting-edge financial, legal, and industry experts to form a Local Investment Committee (DIC), and it employs stringent security standards and risk mitigation measures. However, This group keeps Know Your Customer and compliance procedures in place, makes sure the tokenization process is hon, est, and makes the platform more trustworthy.
Setting a New Standard for Trust
However, Core developer and RACE director of project management Krisanth Sivarajh said that the mainnet launch was a chance to make tokenized assets more trustworthy and transparent. While highlighting RACE’s position as an early adopter of decentralized due diligence based on DIC, he extended a warm invitation to investors and asset owners to participate in the next wave of borderless, frictionless investing.
Conclusion
Tokenizing physical assets has taken a giant leap forward with the release of RACE’s Ethereum Layer 2 blockchain. With the help of cutting-edge blockchain technology and Optimism’s Superchain, RACE plans to build a safe, efficient, and open marketplace for RWAs. We should expect the blockchain and decentralized finance industries to experience explosive growth and innovation as a result of this project. The RACE mainnet launch follows a successful $5 million funding round and L2 test net phase completed in 2024, and recent partnership announcements with Bridge. XYZ and DFNS, which enable RACE to provide lower transaction costs and ‘keyless’ password-based wallets, respectively, for a more seamless user experience.
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