MakerDAO will hold the Sparktokenization competition, and the selected projects will receive 1 billion dollars of Liquidity support.

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Golden Finance reported that MakerDAO announced the Spark Tokenization Grand Prix, aiming to tokenize $1 billion in real assets and introduce them to MakerDAO. The competition is open to all innovators and issuers, and selected partners will receive up to $1 billion in Liquidity support.

The application will be open on August 12, 2024, and will be evaluated by judges such as Phoenix Labs and Steakhouse Financial, with criteria including pricing, liquidity, and strategic alignment. Finally, the winner will be chosen by MKRTokenholder through governance voting.

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