Challenges

Challenges Faced by Mizumaret

Building the First Permissionless RWA Marketplace on Pharos

While Pharos offers high performance and composability, it currently lacks a dedicated, open marketplace for real-world assets. Mizumaret must pioneer this space—designing a platform where anyone can mint and trade RWAs like music rights, property, intellectual property, and royalties without needing permission or intermediaries.

Simplifying RWA Minting for Everyone

For Mizumaret to succeed, minting an RWA must feel as easy as uploading a file. That’s a huge challenge—especially when dealing with complex rights structures. The team must abstract away blockchain complexity while still supporting powerful ownership primitives (e.g., sub-rights, revenue sharing, usage control).

Ensuring Trust-Minimized RWA Representation

Real-world assets inherently rely on off-chain claims—yet Mizumaret’s mission is to keep things as on-chain and verifiable as possible. Creating standards for verifiable metadata, ownership lineage, and dispute resolution (without central arbitrators) remains one of the hardest design problems in decentralized RWA platforms.

Balancing Composability and Simplicity in ERC-6960

ERC-6960 unlocks powerful features like nested ownership, time-limited access, and programmable royalties. But exposing these features to users and developers without overwhelming them requires thoughtful design. Mizumaret must build UX and tooling that’s both powerful for power-users and intuitive for first-time creators.

Coordinating RWA Market Liquidity at Scale

For a permissionless RWA marketplace to work, there must be liquidity across asset classes—from tokenized homes to indie song catalogs. Mizumaret must solve not just protocol design, but also onboarding: attracting artists, property owners, and IP holders, while aligning incentives for buyers and liquidity providers.

Seamless Integration into the Pharos Ecosystem

To fully leverage Pharos’ speed and modularity, Mizumaret must align deeply with its core infrastructure. This includes native support for atomic transactions, custom marketplace logic, and integrations with other Pharos-native dApps, so RWA trading becomes just as seamless as any other DeFi primitive.