CONX’s circular RWA project, Jujaebeom Arena, has successfully closed submissions, drawing strong interest. A total of 344 ideas were submitted, generating high interest. CONX is proceeding with the CONX Arena project to demonstrate the circular RWA model. The Circular RWA is a newly proposed RWA model by CONX.
Rather than tokenizing existing real assets on the blockchain, it creates new real assets based on ideas generated in Web3 and then brings them on-chain. The second project of CONX Arena, Jujaebeom Arena, is a symbolic expansion into diverse cultural industries. It focuses on encouraging AI-assisted secondary creation to boost community participation and apply CONX’s distinctive reward framework. The final prize winner will be selected through evaluation by Jujaebeom and a professional jury.
The first-prize idea will be realized as a physical artwork through Jujaebeom’s creation. The completed work will be traded later on the AI-based art-curation platform ARTUE. Additionally, under the core value of the Circular RWA structure, the rights to the revenue generated by the artwork are tokenized on the blockchain and transparently distributed to contributors such as the artist, idea providers, and the platform. The process uses On-chain Distribution License (ODL) technology developed by CONX’s technology partner, Com2us Holdings, with payments made in stablecoins such as USDC and USDT to enhance stability.
A CONX Foundation official stated, ‘If Jujaebeom Arena proves that Web3 ideas can be connected to real assets, it is meaningful in that it can expand the ecosystem with diverse content IP’. CONX is advancing its Circular RWA Arena, a live demonstration of a model that creates new real assets from Web3-generated ideas rather than tokenizing existing physical assets. The initiative emphasizes a circular value flow where creative concepts become tangible works and are then brought on-chain, enabling transparent ownership and distribution. The second project within CONX Arena, Jujaebeom Arena, marks a symbolic expansion into diverse cultural industries.
By encouraging AI-assisted secondary creation, the program aims to boost community participation and apply CONX’s distinctive reward framework. The top idea, selected by artist Jujaebeom and a professional jury, will be realized as a physical artwork, with the finished piece later traded on the AI art-curation platform ARTUE. Revenue rights from the artwork are tokenized on-chain and distributed transparently to contributors, including artists, idea providers, and the platform. The process uses On-chain Distribution License (ODL) technology developed by CONX’s partner, Com2us Holdings, with payments made in stablecoins such as USDC and USDT to ensure stability.
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