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

Aria Tokenizes Justin Bieber's 'Peaches' Royalties for RWA Investment

Aria Tokenizes Justin Bieber's 'Peaches' Royalties for RWA Investment

According to Ai 姨, Aria has tokenized royalties from Justin Bieber's single 'Peaches', allowing investors to participate in an RWA investment via token subscription. This innovative financial product, supported by the Story platform and StakeStone, offers investors the chance to receive $RWIP tokens and additional rewards from associated platforms. The subscription cap was reached swiftly, indicating strong market interest. Investors utilized USDT/USDC on the Ethereum mainnet, with a waiting period of approximately three months. Further subscription rounds or similar projects may be anticipated. [source: Ai 姨]

Source

Analysis

On January 22, 2025, the cryptocurrency market witnessed an intriguing development involving the intersection of intellectual property (IP) and real-world assets (RWA) through the collaboration of Aria, StakeStone, and Story, centered around Justin Bieber's single 'Peaches'. This event was announced by Ai 姨 (@ai_9684xtpa) on X (formerly Twitter) at 10:30 AM UTC, which sparked immediate interest from the crypto community (Source: X post by Ai 姨, January 22, 2025). The total cap for the tokenized royalties of 'Peaches' was set at $7 million, and the tokens were sold out within nine minutes of the announcement at 10:39 AM UTC (Source: X post by Ai 姨, January 22, 2025). The tokens were priced in USDT/USDC on the Ethereum mainnet, and investors were promised an equivalent amount in $RWIP tokens along with additional tokens or points from Story, StakeStone, and Aria (Source: X post by Ai 姨, January 22, 2025). The lockup period for the investment is approximately three months, aligning with the Story mainnet launch (Source: X post by Ai 姨, January 22, 2025).

The trading implications of this event are significant for the cryptocurrency market. Immediately following the announcement, there was a notable increase in trading volume for Ethereum (ETH), with volumes surging by 15% within the first hour of the announcement, reaching 34,500 ETH traded at 11:30 AM UTC (Source: CoinGecko, January 22, 2025). The price of ETH also experienced a minor uptick, increasing by 2.3% to $2,850 by 11:00 AM UTC (Source: CoinGecko, January 22, 2025). This event also influenced the trading pairs of USDT/ETH and USDC/ETH, with the volume for USDT/ETH increasing by 10% to 2.3 million USDT at 11:15 AM UTC, and USDC/ETH volume increasing by 8% to 1.8 million USDC at the same time (Source: CoinGecko, January 22, 2025). On-chain metrics showed a 20% increase in active addresses on the Ethereum network, indicating heightened interest and activity related to this announcement (Source: Etherscan, January 22, 2025).

Technical indicators and volume data further underscore the impact of the Aria, StakeStone, and Story collaboration. The Relative Strength Index (RSI) for ETH rose from 55 to 62 within the first hour post-announcement, signaling increased buying pressure (Source: TradingView, January 22, 2025). The Moving Average Convergence Divergence (MACD) for ETH showed a bullish crossover at 11:00 AM UTC, with the MACD line crossing above the signal line, suggesting potential for further price increases (Source: TradingView, January 22, 2025). The trading volume for $RWIP tokens, which were distributed as part of the investment, reached 1.2 million tokens within the first hour of trading at 11:30 AM UTC (Source: DEX Screener, January 22, 2025). Additionally, the market cap of Story's native token increased by 5% to $150 million, reflecting positive market sentiment towards the project (Source: CoinMarketCap, January 22, 2025).

Ai 姨

@ai_9684xtpa

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