ASX’ Second RWA Revealed One Month After First Collection Mint-Out

Much to the excitement of its community, July 31 saw ASX reveal its second RWA project, expected to culminate in yet another yield-bearing NFT mint.

The real-world asset (RWA) announced was another premium real estate asset. In particular, the Franklin Jefferson Candlelight Apartments in Warrensburg, Missouri, United States.

The announcement was teased on July 30, when ASX posted a photo of what appeared to be new NFT artwork, alongside the caption: “Wait... That's not Mountain View Apartments!... Then what is it?”

The news comes just one week after ASX’ previous yield-bearing NFT collection saw its first yield distribution to its community of holders, which has taken to calling themselves ‘Lords’ (short for Landlords). 

The quick turnaround was likely spurred by the popularity displayed for its first NFT mint. Said 3,000 NFT collection was entirely sold less than one hour into the mint’s public round in late June.

Details: ASX’ New RWA Project

Though brief, ASX’ announcement post on X/Twitter did clarify some exciting details about this new phase of the project’s journey.

In particular, this new RWA is expected to yield a whopping 8.5% APY, presumably based on eventual NFT mint prices. This is some 0.6% more than the previous collections estimated annual yield which, though impressive, stood at just 7.9% based on mint prices. What’s more, ASX clarified that the eventual sale would target a raise of some $50,000.

With that said, certain questions are yet to be answered…

In particular, it has not yet been announced (i) how many NFTs will be available to mint during the eventual process nor (ii) when the new mint will take place. 

Other questions may also be present in the mind of ASX’ community members. For instance, ‘Does holding an NFT from ASX’ first collection guarantee a whitelist spot for the new collection?’

Regardless, the community response to ASX’ big reveal has so far been overwhelmingly positive, based on comments on the post itself.

“This will be massive”, wrote @CoredaoNg.

Context: ASX’ First RWA

ASX’ first RWA took form in the Mountain View Apartment Complex in Arkansas, United States.

Now live on secondary markets, said collection was a hit amongst ASX’ followers and the wider CORE community, minting out in rapid fashion on June 25.

While the collection’s artwork is appealing, it was likely the prospect of sustainable real-estate yield, automatically distributed, that triggered the successful mint. Holders of ASX’ Mountain View Apartment NFTs saw their very first yield-distribution on July 25, one month after the mint process - a distribution carried out without a hitch, based on reports. 

Conclusion: What’s Next for ASX?

In announcing its second RWA just one month after the successful selling-out of its first collection, ASX has demonstrated a willingness and ability to move fast - something crucial for crypto projects given the fast-moving nature of the sector.

As for what could happen now, the ASX community will be expecting further details to emerge around this new Missouri-based RWA. In particular:

• When will the new NFT mint take place?
• How many NFTs will be available to mint?
• How can users secure a whitelist spot for the mint?
• Does holding an existing ASX NFT give special rights regarding this new NFT mint?

To make sure you’re the first to hear future ASX announcements and news, make sure to follow @ASX_Capital on X/Twitter, and visit the project’s official website.