Plume Network is a blockchain platform designed to bring real-world assets (RWAs) like real estate, commodities, and credit onto the blockchain. This allows these traditional assets to be used in decentralized finance (DeFi) applications, making them more accessible and liquid.
Unlike many other blockchain platforms, Plume is built to be compatible with Ethereum, meaning it can work seamlessly with existing DeFi tools and protocols. It offers a modular design, allowing developers to create and manage tokenized assets in a compliant and efficient manner .
The native token of the Plume Network, PLUME, is used for transaction fees, staking, and governance within the ecosystem. The network has gained attention for its focus on bridging traditional finance with the blockchain world, aiming to make real-world assets more accessible to a broader audience .
In summary, Plume Network is working to integrate traditional financial assets into the blockchain space, offering new opportunities for investors and developers alike.
