Fnalysis.
On-Chain Jurassic
A crypto company is tokenizing a 66-million-year-old triceratops skull on Solana, and its token surged 89% in a day
Jurassic Finance announced it will bring "Deaton," a museum-grade triceratops skull with 60% to 65% of its original bone mass, onto the Solana blockchain as what it calls the first "tokenized dinosaur" in history. The project is aiming to raise $660,000 in USDC: $600,000 to buy the fossil and $60,000 for the treasury of its native token, RAWR.
Following the announcement, RAWR's price surged more than 89% in 24 hours. According to the company itself, "once a specimen is acquired and placed, it generates ongoing institutional revenue, abstracted entirely from token holders": museums would cover all operational costs in exchange for display rights. The tokenized real-world-asset market has grown 267% over the past year, and now, apparently, that includes 66-million-year-old bones.
Source: BeInCrypto →From mass extinction to mass speculation.