ETHZilla Launches Eurus Aero Token I
Crypto treasury company ETHZilla has issued a token providing access to jet engines it purchased last month. The token, named Eurus Aero Token I, was launched through the company’s new subsidiary ETHZilla Aerospace and is backed by two commercial jet engines; these engines are leased to a leading US airline company. Each token is priced at $100, with a minimum purchase of 10 tokens. The company targets an 11% return in full-term holding with lease terms extending to 2028.
Technical Details of the Jet Engine-Backed Token
The token is an innovative step in bringing real-world assets (RWA) to the blockchain. The engines are assets acquired by ETHZilla for $12.2 million in January, and the lease revenues will be distributed to token holders. This reflects the rising trend of ETH-based RWAs in the context of ETH detailed analysis. According to RWA.xyz data, there is more than $24 billion in RWA on-chain, held by over 846,000 holders.
Source: ETHZilla
ETHZilla’s Transformation from ETH to RWA Tokenization
ETHZilla was formerly a clinical-stage biotech company called 180 Life Sciences Corp and had shifted to holding ETH in July. As of September, ETH holdings were 102,246 (worth $443 million), while current estimates are between 69,802 and over 93,000 ETH, valued around $136-188 million. The company is moving away from its ETH holding strategy to focus on asset tokenization; it plans to issue tokens for home and car loans in the coming period.
ETH Market and Increasing Institutional Interest
ETH price is currently at 1.929,48 dollars, 24-hour change -%2,27. RSI at 28,31 is in the oversold region, downtrend continues. Supports: S1 1.747,80 (strong, %77 score), S2 1.227,96. Resistances: R1 1.963,23 (strong, %79 score). Goldman Sachs’ $1 billion ETH portfolio shows institutional demand. Interactive Brokers launching Coinbase Nano ETH futures 24/7 will increase ETH futures liquidity. The AERO token is also attracting attention in the RWA ecosystem, follow for AERO detailed analysis.
Source: https://en.coinotag.com/ethzilla-launches-jet-powered-eurus-aero-token
