Lingo’s Airdrop Islands Mark the Beginning of a New Era For Tokenized RWAs

cryptonews.com:

With real-world assets (RWA) attracting institutional attention and capital, LINGO is all set to leverage its power to transform the loyalty and reward industry completely.

Created by HM Rawat and David Amsellem, the founder of the leading loyalty program John Paul, LINGO is a gamified, RWA-powered ecosystem for the next billion Web3 users. The platform takes advantage of RWA to reward its community with consistent and exponential real-world benefits.

The backing of real-world assets allows these rewards to generate true value for Lingo’s ecosystem, which does not depend on the crypto market’s extreme volatility. In fact, loyalty rewards at Lingo will be supported by cash-flowing assets such as real estate. The platform will further utilize a portion of the fees earned through on-chain token trades, transfers, and redemptions to reinvest in RWAs and expand its rewards pool with compounding growth.

At Lingo, the tokens that its users earn will be redeemable for a wide range of real-life rewards. For this, Lingo has partnered with Fizen, which gives Lingo users access to 3,000+ brands and a network of 100,000+ hotels and gift cards.

Earlier this week, Lingo announced the addition of NFT marketplace Magic Eden to its rewards ecosystem. This collaboration will allow users to redeem their LINGO tokens for NFTs on the Magic Eden marketplace and broaden Lingo’s ecosystem beyond Web2. Later, on Wednesday, it announced yet another collaboration, this time with SweatEconomy, with which Lingo will work towards bringing the next billion users to Web3.

While the project continues to expand its ecosystem with partnerships and collaborations, it is also rewarding its staunch and early supporters with a massive opportunity to