RWA+ New Narrative in Games: Will It Become the Engine of This Bull Run?

1. Has the bull run arrived?

Looking back from November 2025, two years later, we might find that October 23, 2023, is a typical sign of the start of this bull run: within 24 hours, BTC surged directly from 30,000U to 34,000U. Some are elated, believing that the crypto bull market has finally arrived; others remain cautious, thinking that this is just a false bull triggered by the amplification of Bitcoin ETF news.

Three major benefits supporting the bull run:

1. Bitcoin ETF accelerates the entry of funds from traditional financial institutions.
2. Bitcoin halving in May 2024, mining costs rise to above 28000
3. The US does not raise interest rates and may even lower them.

However, to support a true bull run lasting at least 12 months, the industry itself needs new narratives and evolution. The development trajectory of the last bull run was: the summer of DeFi in July 2020, the emergence of NFT and Gamefi 1.0, the popularization of the metaverse concept, and ultimately, the Bitcoin price reaching a peak of 69000U in November 2021.

2. The New Narrative of This Bull Run

The potential new narratives for this bull run include:

1. SocialFi Decentralized Social
2. Chain Game 2.0, asset on-chain while game is centralized
3. RWA(Real World Asset)
4. The Rise of the Bitcoin Ecosystem

RWA can be seen as an extension of the previous round of Defi narratives. Defi established the venue, rules, and direction for participation, while RWA represents the second half that connects real-world assets.

3. How to Navigate RWA

RWA stands for "Real World Asset Tokenization", which includes tangible assets such as real estate, commodities, and artworks, as well as intangible assets like bonds, stocks, and carbon credits. The current mainstream approach is to tokenize these assets to allow capital in the crypto space to have ownership or rights to the earnings of real world assets.

In order to diversify the RWA gameplay and attract more users to participate, it is necessary to design better application scenarios. For example, in a game similar to "Monopoly," game tokens can be used to purchase Tesla stocks or REITs shares of city landmarks. This gamified RWA application allows WEB3 players to link the tokens in their wallets with the real world, and it also enables WEB2 players to experience the uniqueness of WEB3 products.

4. Case Studies of RWA+ Games

( 1. DeFi Kingdom

DeFi Kingdom is a game that integrates Dex and NFT marketplace features. Players can provide LP in Gardens to earn rewards and trade tokens and NFTs in the Marketplace. The game also includes gameplay with hero NFTs, such as purchasing and leasing heroes, breeding offspring, and completing quests.

DeFi Kingdom successfully combined DeFi and gaming, reaching a TVL of 900 million dollars in early 2022. However, as the bull run faded, the latest TVL is only around 2.2 million dollars.

![Imagining RWA + New Narrative in Gaming: Will it be the engine of this bull run?])https://img-cdn.gateio.im/webp-social/moments-84849b92715a67404ad221c1eb38df2e.webp(

) 2. Monopoly board game

Day by Day Tycoon 2 and Mhaya are two influential Web3 Monopoly games.

Day Day Tycoon 2 has introduced the virtual island gameplay, where players can build properties to earn income and purchase land NFTs to obtain token rewards. The game has a high quality, and the addition of Web3 elements has ignited players' passion for making money.

![Envisioning RWA + New Narrative in Gaming: Will it be the engine of this bull run?]###https://img-cdn.gateio.im/webp-social/moments-e21d0f2fd1e7311f58ec197bf8e528e3.webp(

Mhaya focuses on concepts such as free, easy to use, making money, and anti-monopoly. The game has single-player and multiplayer modes where players can build structures, collect tokens, and create cities. The game features two types of tokens: the MAYA) governance token ### and the HAYA( in-game token ).

( 3. AssetClub

AssetClub is an online version of a wealth flow game that simulates the investment experience of the golden 40 years of life from ages 25 to 65. The game incorporates Web3 knowledge, allowing players to quickly engage with Web3 concepts through quizzes, investments, and digital currency trading.

AssetClub has two types of tokens: the ACC) game token ( and the FLC) governance token ###. The project team plans to link real-world investment resources, with the potential to allow direct buying and selling of global stocks and bonds within the game in the future.

AssetClub is an investment education game that takes the form of games, focuses on financial education, and is essentially about connecting investment resources. It has the potential to achieve the breakthrough and integration of RWA + games, making it a key case in the new narrative of this bull run.

V. Summary and Outlook

RWA combined with gaming is expected to become a bridge connecting blockchain technology and real-world assets. DeFi Kingdom,天天富翁2, Mhaya, and AssetClub correspond to the scenario-based attempts of Dex, real estate investment, and comprehensive investment platforms, all of which have the potential to break through with RWA.

In the Web3 industry, one of the goals that many people strive for is to achieve financial freedom. I hope everyone can continuously learn, seize the new narrative of the bull run RWA track, and achieve personal breakthroughs.