Plume Network Launches Testnet to Bring Real-World Assets On-Chain

Plume Network launches its testnet to bring real-world assets on-chain, enhancing opportunities for crypto and traditional finance sectors. Explore the latest blockchain advancements.

In the latest wave of blockchain technology advancements, Plume Network has announced the launch of its testnet. Designed as a modular EVM layer-2 solution, Plume aims to bring real-world assets (RWAs) on-chain, bridging the gap between crypto natives and traditional finance participants. This move promises new investment opportunities in assets such as real estate and collectibles.

Plume Network launches testnet to integrate real-world assets into the blockchain ecosystem.

Key Points:

• Plume Network Testnet Launch: Plume Network, a modular EVM layer-2 designed to bring real-world assets (RWAs) on-chain, announced its testnet launch with Celestia support.

• Partnerships and Support: The testnet launch is supported by partners including Bitget Wallet and Supra.

• Investment Opportunities: Plume Network opens a new avenue for both crypto natives and traditional finance participants to invest in RWAs like real estate, collectibles, and alternative assets.

• Technology and Community: Projects can deploy assets on Plume by leveraging its compliant technology stack and accessing its strong crypto community.

• Other Blockchain Updates:

BounceBit Launches ‘Easy’: BounceBit introduced 'Easy', a yield-bearing protocol for Bitcoin and USDT, enhancing institutional yield accessibility.

Io.finnet’s io.ID: Io.finnet validated its proof of concept for 'io.ID', a self-owned digital identity platform with decentralized identifiers and verifiable credentials.

Moonbeam Integrates Rarible: Moonbeam Network integrated Rarible, enabling custom NFT marketplaces and aiming for carbon neutrality with Rarible NFTrees.

Bima Labs Funding: Bima Labs raised over $2.25 million to develop Bitcoin-backed stablecoins.

Related: Ether Spot ETFs Projected to Attract $5B in Inflows Within First Six Months: Gemini Report

The launch of Plume Network’s testnet signifies a significant step towards integrating real-world assets into the blockchain ecosystem. With robust support and a clear vision, Plume Network is poised to offer new investment and utilization opportunities, bridging traditional finance and the crypto world. Stay tuned for more updates on this and other exciting developments in the blockchain space.

Source: Coindesk