Plume Network Review: Layer-2 designed specifically for RWA
Plume Network is an innovative, modular L2 blockchain for RWAs. It facilitates on-chain deployment of assets with maximum ease and also allows the creation of a composable ecosystem through DeFi apps, all under legal regulations. The main focus of Plume is to reduce the complexity of processes in deploying RWA projects and grow an ecosystem comprising many projects in this field.
What is Plume Network?
Plume is the first modular L2 blockchain dedicated to all real-world assets, integrating asset tokenization and compliance providers directly into the blockchain. Our mission is to streamline the complex processes involved in RWA project deployment and provide investors with a blockchain ecosystem for cross-investment in various RWAs.
Moreover, Plume offers RWA composability via its powerful DeFi applications, connecting to high-quality buyers that enhance the quality of liquidity for all tokenized RWAs. Plume stands for the creation of a secure and cost-effective ecosystem to facilitate the ease of development of projects and provide investors with a single platform to discover and invest in a wide variety of RWAs. Additionally, Plume is involved in unlocking liquidity and supporting transactions for RWA assets within its DeFi ecosystem.
Read More: Arbitrum Will Support Account Abstraction Endpoints With The AIP-2 Being Approved
Main Features of Plume Network
- Deploy Assets Instantly: The innovative Real World Asset (RWA) infrastructure embedded into the blockchain platform empowers anyone to onboard any type of asset onto the network. This latest technology changes the game, removes traditional barriers, and opens access for all participants in the ecosystem.
- Day One Compliance: A project needs robust compliance tools from day one. Not only do they ensure that the regulatory mark is met, but they help attract potential investors and stakeholders. By ensuring compliance from day one, projects are able to establish their credibility, gain the trust of regulators and investors, and avoid all risks that come with non-compliance down the line. In so doing, they can lay a solid foundation for long-term success through transparency, accountability, and sustainable growth strategies.
- Trade All RWAs on Plume: On the innovative platform, Plume provides all users with the ability to construct a diversified portfolio—trading, borrowing/lending assets, and farming distinctive tokens. The active participation in the various financial strategies offered on Plume allows users to optimize their investment opportunities and potentially maximize their returns. This dynamic approach helps users discover DeFi avenues and manage risks through diversification of asset classes.
Read More: Arbitrum Becomes First Layer 2 Swap Platform to Hit $150B!
Highlights of Plume Network
- By leveraging the Celestia and EigenLayer technology, Plume Network can lower the cost of data storage; it offers lower gas fees for many RWA and DeFi projects created in the Plume ecosystem and will be offering lower deployment costs for projects on Plume in the future to interact with users and lowering the costs associated with that.
- Built on the Arbitrum Nitro platform: Plume has been built on the platform known as Arbitrum Nitro. It is compatible with both Arbitrum One and Arbitrum Nova. However, Plume has tuned some of the features of Arbitrum Nitro related to state transition differently compared to the other blockchains. Specifically, Plume is optimizing the process of execution of RWA service providers to deal with it more effectively and efficiently, targeting minimal gas costs for these operations.
- Using the ERC-3643 standard: Plume Network will have different standards of tokens, including the security token standard ERC-3643, targeting institutions. For the RWA crypto asset issuers using the standard ERC-3643, Plume will have interfaces to set restrictions on the conversion, freezing, revocation, and forced conversion of the tokens. It helps Plume Network stay within the legal frameworks associated with RWA.
Plume Network Ecosystem
Plume has attracted some projects onto its platform, even though it is still within a Testnet environment. Although many Layer 2 projects have launched, the ecosystem around it remains somewhat limited. Here are a few projects live on the Plume Network:
- Libertum: a marketplace for tokenized real estate, whereby the owners of that real estate can digitize their ownership. It allows small investors to invest in properties and get income from them safely and conveniently.
- DeFi Connect: Borrow without selling your crypto with rates as low as 0% and no extra fees
- Roofstock: A web3-enabled real estate platform for buying and selling real-world assets onchain.
Tokenomics
The tokenomics of the project are not officially disclosed yet.
Team and Investors
Team
The development team at Plume Network consists of people who have worked at major companies like Coinbase, Robinhood, LayerZero, Binance, Galaxy Digital, dYdX, and many other significant firms in the market. Some key members are:
- Chris Yin – CEO: Previously president at Scale Venture Partners and companies like Beluga and Rainforest QA.
- Teddy Pornprinya– CBO: Previously BD Lead at Binance, Coinbase, and Swim.io.
- Eugene Y. Q. Shen– CTO: Previous engineer at Robinhood and dYdX.
Investor and partners
Layer-2 Plume has closed a Seed funding round worth 10 million USD, which was headed by Haun Ventures. The round has also been joined by Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, and Reciprocal Ventures.
This also includes some angel investors from other widely famous projects, such as Anthony Ramirez from Wormhole Labs, Calvin Liu from EigenLayer, and Jeff Feng and Jayendra Jog from Sei Network. The new funding will enable Layer-2 Plume to advance its blockchain platform, focusing on the conversion of real-world assets such as real estate and collectibles into digital assets while strictly adhering to legal regulations.
Roadmap
There is no official roadmap for the project yet.
Conclusion
Plume Network is a relatively fresh project working on Layer 2 RWA with early success. There are several projects prospering on its blockchain infrastructure, having an impressive dApps ecosystem, and especially for the segment of Real World Assets. For the project in the field of Real World Assets
For the project in the field of Real World Assets, CoinCu is very promising since the project has not launched Incentivized Testnet yet, so you may have an opportunity to participate in an airdrop early enough.
FAQs
1. What are the key features of Plume Network?
- Deploy Assets Instantly: Frictionless onboarding of assets to the network
- Day One Compliance: Integrated compliance tools for thorough adherence to regulations.
- Trade All RWAs: A universal platform for trading, borrowing, lending, and farming various assets.
- RWA Launcher: No-code solution for easy deployment of assets.
2. What is the purpose of Plume Network’s testnet?
In its testnet, Plume Network aims to host and trial over 80 RWA projects, which are marketplaces for everything from collectibles and luxury goods to real estate and DeFi. The testnet creates a controlled environment for the developers and asset issuers to test and refine their projects before full deployment.
3. What is the vision behind Plume Network?
The vision of Plume Network is to uncomplicate the cumbersome process involved in deploying RWA projects and to create a blockchain ecosystem that enables cross-pollination and investment into various RWAs. In this case, Plume aims to empower the issuers of the assets with an end-to-end integrated technology stack, thus enabling them to focus on their products while offering investors a secure and streamlined environment for capital deployment.​
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Author
Blockchain
Plume Network Review: Layer-2 designed specifically for RWA
Plume Network is an innovative, modular L2 blockchain for RWAs. It facilitates on-chain deployment of assets with maximum ease and also allows the creation of a composable ecosystem through DeFi apps, all under legal regulations. The main focus of Plume is to reduce the complexity of processes in deploying RWA projects and grow an ecosystem comprising many projects in this field.
What is Plume Network?
Plume is the first modular L2 blockchain dedicated to all real-world assets, integrating asset tokenization and compliance providers directly into the blockchain. Our mission is to streamline the complex processes involved in RWA project deployment and provide investors with a blockchain ecosystem for cross-investment in various RWAs.
Moreover, Plume offers RWA composability via its powerful DeFi applications, connecting to high-quality buyers that enhance the quality of liquidity for all tokenized RWAs. Plume stands for the creation of a secure and cost-effective ecosystem to facilitate the ease of development of projects and provide investors with a single platform to discover and invest in a wide variety of RWAs. Additionally, Plume is involved in unlocking liquidity and supporting transactions for RWA assets within its DeFi ecosystem.
Read More: Arbitrum Will Support Account Abstraction Endpoints With The AIP-2 Being Approved
Main Features of Plume Network
- Deploy Assets Instantly: The innovative Real World Asset (RWA) infrastructure embedded into the blockchain platform empowers anyone to onboard any type of asset onto the network. This latest technology changes the game, removes traditional barriers, and opens access for all participants in the ecosystem.
- Day One Compliance: A project needs robust compliance tools from day one. Not only do they ensure that the regulatory mark is met, but they help attract potential investors and stakeholders. By ensuring compliance from day one, projects are able to establish their credibility, gain the trust of regulators and investors, and avoid all risks that come with non-compliance down the line. In so doing, they can lay a solid foundation for long-term success through transparency, accountability, and sustainable growth strategies.
- Trade All RWAs on Plume: On the innovative platform, Plume provides all users with the ability to construct a diversified portfolio—trading, borrowing/lending assets, and farming distinctive tokens. The active participation in the various financial strategies offered on Plume allows users to optimize their investment opportunities and potentially maximize their returns. This dynamic approach helps users discover DeFi avenues and manage risks through diversification of asset classes.
Read More: Arbitrum Becomes First Layer 2 Swap Platform to Hit $150B!
Highlights of Plume Network
- By leveraging the Celestia and EigenLayer technology, Plume Network can lower the cost of data storage; it offers lower gas fees for many RWA and DeFi projects created in the Plume ecosystem and will be offering lower deployment costs for projects on Plume in the future to interact with users and lowering the costs associated with that.
- Built on the Arbitrum Nitro platform: Plume has been built on the platform known as Arbitrum Nitro. It is compatible with both Arbitrum One and Arbitrum Nova. However, Plume has tuned some of the features of Arbitrum Nitro related to state transition differently compared to the other blockchains. Specifically, Plume is optimizing the process of execution of RWA service providers to deal with it more effectively and efficiently, targeting minimal gas costs for these operations.
- Using the ERC-3643 standard: Plume Network will have different standards of tokens, including the security token standard ERC-3643, targeting institutions. For the RWA crypto asset issuers using the standard ERC-3643, Plume will have interfaces to set restrictions on the conversion, freezing, revocation, and forced conversion of the tokens. It helps Plume Network stay within the legal frameworks associated with RWA.
Plume Network Ecosystem
Plume has attracted some projects onto its platform, even though it is still within a Testnet environment. Although many Layer 2 projects have launched, the ecosystem around it remains somewhat limited. Here are a few projects live on the Plume Network:
- Libertum: a marketplace for tokenized real estate, whereby the owners of that real estate can digitize their ownership. It allows small investors to invest in properties and get income from them safely and conveniently.
- DeFi Connect: Borrow without selling your crypto with rates as low as 0% and no extra fees
- Roofstock: A web3-enabled real estate platform for buying and selling real-world assets onchain.
Tokenomics
The tokenomics of the project are not officially disclosed yet.
Team and Investors
Team
The development team at Plume Network consists of people who have worked at major companies like Coinbase, Robinhood, LayerZero, Binance, Galaxy Digital, dYdX, and many other significant firms in the market. Some key members are:
- Chris Yin – CEO: Previously president at Scale Venture Partners and companies like Beluga and Rainforest QA.
- Teddy Pornprinya– CBO: Previously BD Lead at Binance, Coinbase, and Swim.io.
- Eugene Y. Q. Shen– CTO: Previous engineer at Robinhood and dYdX.
Investor and partners
Layer-2 Plume has closed a Seed funding round worth 10 million USD, which was headed by Haun Ventures. The round has also been joined by Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, and Reciprocal Ventures.
This also includes some angel investors from other widely famous projects, such as Anthony Ramirez from Wormhole Labs, Calvin Liu from EigenLayer, and Jeff Feng and Jayendra Jog from Sei Network. The new funding will enable Layer-2 Plume to advance its blockchain platform, focusing on the conversion of real-world assets such as real estate and collectibles into digital assets while strictly adhering to legal regulations.
Roadmap
There is no official roadmap for the project yet.
Conclusion
Plume Network is a relatively fresh project working on Layer 2 RWA with early success. There are several projects prospering on its blockchain infrastructure, having an impressive dApps ecosystem, and especially for the segment of Real World Assets. For the project in the field of Real World Assets
For the project in the field of Real World Assets, CoinCu is very promising since the project has not launched Incentivized Testnet yet, so you may have an opportunity to participate in an airdrop early enough.
FAQs
1. What are the key features of Plume Network?
- Deploy Assets Instantly: Frictionless onboarding of assets to the network
- Day One Compliance: Integrated compliance tools for thorough adherence to regulations.
- Trade All RWAs: A universal platform for trading, borrowing, lending, and farming various assets.
- RWA Launcher: No-code solution for easy deployment of assets.
2. What is the purpose of Plume Network’s testnet?
In its testnet, Plume Network aims to host and trial over 80 RWA projects, which are marketplaces for everything from collectibles and luxury goods to real estate and DeFi. The testnet creates a controlled environment for the developers and asset issuers to test and refine their projects before full deployment.
3. What is the vision behind Plume Network?
The vision of Plume Network is to uncomplicate the cumbersome process involved in deploying RWA projects and to create a blockchain ecosystem that enables cross-pollination and investment into various RWAs. In this case, Plume aims to empower the issuers of the assets with an end-to-end integrated technology stack, thus enabling them to focus on their products while offering investors a secure and streamlined environment for capital deployment.​
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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