Jurassic Finance is promoting a rare RWA experiment on Solana: a museum-class triangulation of the skull as a monetized asset. The project owner plans to raise US$ 660,000 to purchase the fossil known as Deaton and to build a holding structure around it.
The project started at 4 p.m. on August 17th, and nearly US$ 300,000 was raised in the first 30 minutes. At the time of the submission, $365,499 had been raised and 55 per cent of the target had been achieved. The Chief Executive Officer of Jurassic Finance, Aleksandar Pavlovic, also stated on X that the early response exceeded expectations.
Currencyization Structure
The approach of Jurassic Finance is to create a SPV for each fossil, with the entity holding physical assets and issuing the corresponding SPL token on Solana. For Deaton, the projecter plans to use $TRCH1 as a token code to allow more participants to share the economic benefits of this high-value collection.
Fossil asset chaining
This triangle skull from the Hell Creek layer of Slope County, North Dakota, has a bone integrity of about 60 to 65 per cent and retains three original angles. Scientists estimate that it's about 66 million years from now, and it's a late, white world. According to the projecter, the museum can be shown, kept, insured and maintained, while the holder of the coin receives the corresponding economic exposure.
Solana continues to test long-tail assets.
Vibhu Norby, Chief Product Officer of Solana Foundation, also recently mentioned that the long-tailed asset market on Solana is expanding. This fund-raising exercise by Jurassic Finance has continued Solana's exploration of alternative asset monetization and has further pushed RWA from bonds and real estate to smaller collection markets.