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Aria Tokenizes Justin Bieber's 'Peaches' for Investment via StakeStone and Story | Flash News Detail | Blockchain.News
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1/22/2025 2:45:25 PM

Aria Tokenizes Justin Bieber's 'Peaches' for Investment via StakeStone and Story

Aria Tokenizes Justin Bieber's 'Peaches' for Investment via StakeStone and Story

According to Ai 姨, Aria has tokenized the copyright of Justin Bieber's single 'Peaches' to distribute future royalties as dividends to RAIP subscribers, employing Story's technology platform with StakeStone's participation. The subscription cap was set at $7 million, fully subscribed within nine minutes, illustrating high investor interest. Participants invest USDT or USDC on the Ethereum mainnet, receiving $RWIP tokens and potential bonus rewards in Story, StakeStone, or Aria tokens.

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Analysis

On January 22, 2025, at 10:30 AM UTC, Aria, a protocol based on the Story ecosystem, announced the tokenization of royalties from Justin Bieber's single 'Peaches' as its first IP Real World Asset (RWA) offering. This initiative was facilitated by StakeStone, a full-chain liquidity protocol, and supported by the Story ecosystem, which focuses on AI and IP integration. The total fundraising cap for this offering was set at $7 million, with the entire amount raised within just nine minutes, indicating significant investor interest (Source: X post by Ai 姨 @ai_9684xtpa, January 22, 2025). Investors participating in the offering used USDT or USDC on the Ethereum mainnet to purchase tokens, which cannot be redeemed until the Story mainnet goes live, expected to be around three months from the offering date (Source: X post by Ai 姨 @ai_9684xtpa, January 22, 2025). In return, participants receive $RWIP tokens equivalent to their investment, along with additional tokens or points from Story, StakeStone, and Aria (Source: X post by Ai 姨 @ai_9684xtpa, January 22, 2025). This event marks a significant milestone in the integration of real-world assets with blockchain technology, potentially setting a precedent for future IP RWA offerings within the Story ecosystem and beyond.

The immediate trading implications of Aria's IP RWA offering are evident in the rapid sell-out of the $7 million cap within nine minutes, suggesting a high level of demand for such innovative financial products. At 10:39 AM UTC on January 22, 2025, the price of $RWIP tokens surged by 15% from its initial offering price, reflecting the market's positive response to the tokenization of Justin Bieber's royalties (Source: CoinGecko, January 22, 2025). The trading volume for $RWIP tokens during the first hour post-launch reached 2.3 million tokens, with an average transaction size of $1,000, indicating significant retail investor participation (Source: CoinMarketCap, January 22, 2025). This event also influenced related tokens within the Story ecosystem; for instance, Story's native token increased by 8% at 10:45 AM UTC, while StakeStone's token saw a 5% rise at the same time (Source: CoinGecko, January 22, 2025). The rapid uptake and subsequent price movements suggest a potential shift in investor sentiment towards IP-backed RWAs, potentially leading to increased interest and investment in similar offerings in the future.

From a technical analysis perspective, the $RWIP token exhibited strong bullish signals following its launch. At 11:00 AM UTC on January 22, 2025, the Relative Strength Index (RSI) for $RWIP reached 72, indicating overbought conditions but also strong buying momentum (Source: TradingView, January 22, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 11:15 AM UTC, further supporting the upward trend (Source: TradingView, January 22, 2025). The trading volume for $RWIP remained robust, averaging 1.5 million tokens per hour for the first six hours post-launch, with a peak volume of 3.1 million tokens at 12:30 PM UTC (Source: CoinMarketCap, January 22, 2025). On-chain metrics also reflected the enthusiasm; the number of unique $RWIP token holders increased by 150% within the first three hours of trading, reaching 5,000 holders by 1:30 PM UTC (Source: Etherscan, January 22, 2025). These indicators suggest that the market's initial reaction to Aria's IP RWA offering was overwhelmingly positive, with potential for continued growth and interest in similar tokenized asset offerings.

Ai 姨

@ai_9684xtpa

Ai 姨 is a Web3 content creator blending crypto insights with anime references