WALLY is an elephant that serves as the mascot for the RWA Foundation and its associated WALLY DAO (Decentralized Autonomous Organization). The character symbolizes strength, intelligence, and unity, reflecting the goals of the RWA Foundation in the tokenization of real-world assets (RWA). Minted by thebu11runner, this meme gets an unofficial nod from RWA Foundation, a key supporter of the project. ;) According to the WALLY DAO Whitepaper, the name WALLY represents “the elephant in the room,” highlighting the significant potential of RWAs in bridging traditional finance and Blockchain. Elephants are chosen for their massive presence (like the scale of RWA tokenization), intelligence (mirroring the sophisticated assets backing RWAs), and tight-knit herd behaviour (symbolizing the WALLY DAO community). The original $WALLY token is used within this ecosystem for governance, voting on proposals, and accessing perks like airdrops from the RWA Foundation’s partner network.