This week marked a milestone in the blockchain space as City Protocol announced a strategic partnership with Cwallet, one of the world's largest crypto wallets with over 37 million active users. This partnership represents a major development for City Protocol, which aims to create an accessible Web3 marketplace for intellectual property by providing an easy process for users to participate and access integrated payment solutions.
Breaking down the barriers to IP tokenization
Since its early stages of development, City Protocol has been laying the foundation for a future on-chain IP capital market, the ability for creators to tokenize intellectual property, digital autonomous tokens (DATs), and real-world assets (RWA). The platform has garnered support from some top investors such as Jump Trading, Dragonfly, and CMT Digital, demonstrating high institutional confidence in the tokenized IP market.
Working with Cwallet solves one of the most important problems hindering Web3 adoption: the complexity of the user onboarding process. City Protocol has created a comprehensive method for creating IP tokens. Creating opportunities for consumers and users requires a user-friendly interface and simple, convenient payment methods. This is where Cwallet's expertise comes in handy.
Cwallet’s comprehensive ecosystem meets IP innovation
Cwallet started as a small venture but has since grown tremendously. It is now available on 1,000 tokens and over 60 blockchains. This solution provides a full-fledged Web2.5 financial system that integrates blockchain and traditional finance in a seamless manner. People trust Cwallet because it has a 7-year track record with no major security issues and is certified by PCI DSS and MSB.
Cwallet's vast feature set makes this an attractive partnership. The site allows users to purchase more than 500 tokens with so-called fiat currencies in more than 100 countries, thanks to more than 50 localized payment options. This infrastructure will be extremely beneficial for creators who do not own Bitcoin, as well as creators who want to participate in the tokenized IP market.
City Protocol and Cwallet are researching gateway-based Web3 IP onboarding. This allows creators to tokenize their IP without installing complex wallets. Cwallet's simple interface removes seed phrase limitations that hinder Web3 adoption.
Impact on the broader Web3 ecosystem
Similar partnerships have recently formed across the industry, such as OKX Wallet’s partnership with City Protocol to enable cross-chain access to RWA. According to OKX research, tokenization infrastructure is changing dramatically, making the need for a simplified user interface essential for mainstream use.
This partnership will give 37 million existing Cwallet users access to an entirely new asset class. They can now participate in the IP capital market, support creative projects from seed, trade tokenized cultural assets, and earn revenue from IP-backed products within Wallet's familiar interface.
This widespread importance resonates with creators around the world who have struggled to leverage traditional funding methods. By democratizing IP tokenization through a user-friendly tokenization platform, City Protocol and Cwallet have the potential to unlock billions in potential creative value.
conclusion
This partnership combines the large user base of Wallet's user community with City Protocol's deep expertise in IP infrastructure development. These set the stage for a universal industry standard that may be set as a standard for other industries throughout the Web3 environment. It is backed by institutional support and proven technology, and underpinned by increased accessibility for mainstream audiences. City Protocol is well-positioned to lead the next wave of IP tokenization. It could play a key role in reshaping how creators own, control, and profit from their work in a decentralized economy.
