Most RWA projects start with a token and hunt for assets later.
@EthraShip did the opposite, built a proven dry bulk shipping business first since 2021, then brought it onchain.
Now their fleet generates real charter revenue that flows into the ecosystem. $SHIP holders get governance power and staking perks tied to actual vessel performance, while the regulated side handles serious capital. This grounded approach in a resilient $20T industry is refreshing.
If you’re tired of pure speculation, maritime RWAs like this could be the shift. Diving deeper into their portal today.
Thoughts on backing tokens with real-world infrastructure?