Round 01 doesn't come back. $100 in this round puts a ticket on your wallet, and a ticket is what opens closed beta access while a cycle is running. Ten of them open duels, where both sides stake and the winner takes the pot. It also marks the account for good. Founder status and the First Battalion · 01 mark exist in this round only, and no amount of money buys them in round 4. The price ladder is printed on the site. Round 2 is $0.021, every round after that is higher, and it moves when the round sells out rather than when we feel like it. So the choice is the same one you had in front of the arcade cabinet. Put the coin in, or stand there and watch someone else play. battletown.com

$46.2B in RWAs are now tokenized across 36 chains And the RWA market is expanding beyond just issuance: 5.8M holders, $3.6B deposited into DeFi & $697M in daily DEX trading volume Next up: trillions more in issuance + much more of those assets put to productive use onchain

Most RWA projects still compete on the same things. More assets. More chains. More tokenized treasuries. More institutions. But the bigger RWA story in 2026 is starting to move beyond simply putting real-world assets onchain. The interesting part is what happens after the asset is tokenized. A tokenized Treasury is useful. But being able to use that Treasury as collateral, trade it, lend against it, move it between institutions and settle everything onchain is where the infrastructure becomes much more interesting. That is the shift happening across RWA. — ● The first phase was mostly about tokenization. Treasuries became tokens. Funds started experimenting with tokenized money-market products. Private credit moved onchain. Real estate, commodities and other financial instruments started being represented digitally. But tokenization alone doesn't solve the entire problem. You still need: • Liquidity • Trading venues • Lending markets • Collateral infrastructure • Stablecoins and digital cash • Custody • Compliance • Settlement Without those layers, an RWA token can end up being little more than a digital representation of an asset. The next phase is about making those assets actually usable onchain. — ● This is where 2026 gets interesting. Imagine a tokenized Treasury being used as collateral for a loan. That same collateral can potentially move through a lending market, support a trade, settle against another asset and remain connected to its underlying financial structure. The blockchain stops being just the place where ownership is recorded. It becomes part of the financial infrastructure itself. And that is a much bigger opportunity than simply putting traditional assets onchain. — ● There is another important change happening. Institutions don't necessarily want every transaction, position and counterparty relationship exposed publicly. That is one reason privacy, permissioning and compliance are becoming increasingly important in institutional RWA infrastructure. Public blockchains are extremely good at transparent settlement. But institutional finance often operates on a need-to-know basis. The infrastructure being built around RWAs increasingly has to find a balance between: Transparency for settlement and privacy for participants. That balance could become one of the defining infrastructure problems of onchain finance. — ● Stablecoins are also becoming a major part of this equation. Tokenized assets need digital cash to move around. If you can tokenize a Treasury but still have to move traditional dollars through disconnected systems for every transaction, you haven't fully rebuilt the financial workflow. Stablecoins provide the settlement layer. RWAs provide the underlying assets. DeFi provides markets around them. And blockchains provide the infrastructure connecting everything together. Those pieces are starting to converge. — ● The bigger RWA thesis isn't: "How many assets have been tokenized?" A better question is: "What can you actually do with those assets once they're onchain?" Can they be traded? Can they earn yield? Can they be used as collateral? Can they move between financial applications? Can institutions settle against them? Can markets operate around them 24/7? That's where the next phase of RWA adoption gets interesting. Because once tokenized assets become productive financial assets rather than static representations, the market starts looking very different. I will be more conservative with RWA picks due to a lot of reasons I will be sharing tomorrow 😊