This space is hosted by WOLF_WebThree
Space Summary
The Twitter space focused on Tokenization and blockchain technology, highlighting Chainlink’s infrastructure and Materium’s legal innovations in the crypto space. Essential components such as reliable price feeds, innovation, liquidity, and compliance were discussed. Materium’s sponsorship showcased legal advancements in tokenization with global legal warranties, while partnerships with regulated entities like a German crypto exchange added credibility. Exclusions for US and UK residents from certain activities emphasized compliance. The space discussions also touched on the importance of real-world assets, zero-knowledge proofs, and institutional adoption. Gratitude was expressed towards Materium for its support, emphasizing the critical roles of infrastructure and legal compliance in shaping the crypto landscape.
Questions
Q: What role does Chainlink play in the crypto market?
A: Chainlink provides reliable price feeds that are critical for market operations.
Q: What are the driving forces behind changes in the crypto space?
A: Innovation, liquidity, and major institutional involvement are key catalysts for change.
Q: What does Materium’s sponsorship entail?
A: Materium’s sponsorship emphasizes legal innovations in tokenization and asset protection.
Q: What legal benefits do Materium’s tokenized assets offer?
A: Tokenized assets from Materium come with legal warranties enforced across multiple jurisdictions.
Q: Which partnership does Materium have in the crypto space?
A: Materium collaborates with a regulated German crypto exchange for token purchases.
Q: Who is excluded from MaTR’s public sale and participation?
A: Residents of the US and UK are excluded from participating in MaTR’s public sale and certain activities.
Q: What is the foundation of Materium’s focus in the space?
A: Materium’s focus lies in legal compliance, tokenization innovations, and asset protection.
Q: What aspect of Materium’s tokenized assets is emphasized across global jurisdictions?
A: Legal warranties on tokenized assets are enforced globally by Materium.
Q: What is the significance of Materium’s partnership with a regulated German crypto exchange?
A: The partnership ensures a trusted platform for purchases of tokenized assets, emphasizing regulatory compliance.
Q: How are US and UK residents involved in MaTR’s activities?
A: US and UK residents are excluded from certain activities and MaTR’s public sale.
Highlights
Time: 00:06:52
Diverse Panel Introduction, Introduction of a diverse panel from various industries setting the stage for in-depth discussions.
Time: 00:19:17
Tokenization Infrastructure Discussion, Exploration of the adequacy of current technological tools for robust tokenization infrastructure.
Time: 00:26:49
Real-World Asset Tokenization Example, Illustration of real estate tokenization and its implications in practical scenarios.
Time: 00:37:24
Privacy in Transactions with ZK Technology, In-depth exploration of Zero-Knowledge technology’s role in maintaining privacy in tokenized transactions.
Time: 00:45:16
Importance of Legal Frameworks for Tokenized Assets, Insight into the crucial role of legal structures in supporting and ensuring compliance with tokenized assets.
Time: 00:51:51
Community and Environmental Integration, Discussion on the contributions of community initiatives and environmental aspects in driving tokenization.
Time: 00:58:38
Closing Remarks Summary, Final thoughts from panelists summarizing the key points discussed and emphasizing future considerations.
Time: 01:05:02
Educational Impact Emphasis, Focus on the educational value of discussions to raise awareness and knowledge about tokenized assets.
Key Takeaways
- Chainlink’s reliable price feeds are crucial for market functioning.
- Innovation and liquidity are driving changes in the crypto industry.
- Partnerships with major institutions showcase Chainlink’s significance.
- Materium’s sponsorship highlights legal innovations in tokenization.
- Materium’s tokenized assets offer legal warranties across jurisdictions.
- Emphasis on legal compliance and protection in tokenized assets.
- Regulated German crypto exchange partnership for token purchases.
- Exclusions for US and UK residents from MaTR public sale.
- Closing remarks express gratitude towards Materium for sponsorship.
- Focus on infrastructure
- innovation
- and legal compliance in the crypto space.
Behind the Mic
Beautiful people. How we doing? Who. What is glamping? Glamping is glamorous camping. Darrell put his hand off and he’s like, Yup, you’re right. You know exactly what it is. But yeah, super excited about today’s space. Got a couple of legends on here. So we’re gonna be talking about pausing NFTs for tokenized real world assets in general. So like, what exactly are we talking about, right? Like, what does that even mean? I want to kind of unpack that for folks, because as more and more headlines come into the mainstream, more and more folks are going to be asking questions. And I think that a lot of the best, most innovative, most exciting real world asset products are still a few months away, which is super exciting. But I just kind of want to break down the infrastructure as it stands, right? So if we can take a snapshot of where we are today, end of April, 2023, what exactly are we talking about when it comes to tokenized real world assets? 100%. Just want to say thank you for having us come out, Darrell. Beautiful introduction. It’s going to be a great space and really excited to be involved with such a, like you said, innovative panel. As far as tokenized real world assets go, totally resonant statement. It’s been an interesting process to get us where we are today. And we think that platforms like mathuram are by far the most advanced, especially in the realm of disclosures. So in the, kind of like the broader blockchain crypto, you know, web three ecosystem, announcements regarding assets like board apes and crypto punks and essentially NFTs, basically JPEGs and, you know, four second videos, basically anything with a huge asset value that does not justifiably constitute a more traditional asset class has had these, these JWT disclosures that tell a very violent, you know, kind of portrayal of what the platform’s capable of, but not really where we’re moving as an organization. One of the things that’s been kind of really interesting is a certain kind of beta of what’s been happening with mathuram in particular has been the ability to essentially use what we call proof of inclusion. So proof of inclusion is basically information that only your blockchain identity should be allowed to disclose. And kind of what I mean by that contextually is if somebody is, for example, working in logistics, they scan a barcode on the side of a sea container, and the machine tells them whether or not there’s anything in there that needs to be manually inspected in the jurisdiction they’re in. And every single aspect of life has those kind of disclosures. If you’re dealing with like traditional finance stuff, you won’t apply for health insurance. They’re only allowed to know some things about you. That’s another place where ZK comes in. Boom. And this is so crucial. The idea of interpolating information that is essential and needs to get to the correct parties, but can’t be materially public without compromising the underlying individual’s integrity in so many different ways. And this is the kind of heady conversation that I wake up in the morning for. I love this stuff so much. But one of the things about tokenized real world assets in general is that they run the entire spectrum, entire gamut of things ranging from zero knowledge proofs and how we actually interpolate these assets in a way with the highest fidelity possible to ensure all parties are made privy to the correct data yet protected. And also people who, I guess I fall in both categories. I like stuff like that, but also I like to just hang out by the lake and hang out with my friends and swim and just do fun things. And I’m super stoked also to pass the ball to Yakdao because I want to kind of have, like a one two sort of environment where we just had a huge heady discourse. Let’s take a breather. Let’s go glamping. When I first heard the word glamping, I was super confused. I’m like, what is glamping? I was like, that sounds like a beauty product. I’m like, oh, it’s glam camping. I vibe with this. This is cool. So, yakdao, I want to hear about what you guys are doing. I am very interested in how you guys wrapped up this idea of, you know, glamorous camping and turn it into an RWA. You got a community involved behind it. So could we talk just very briefly about like, how you guys are bringing this to the forefront and how the community is reacting to what you guys are doing? Absolutely. Thanks so much, Danny. And yeah, we kind of break the conversation in a little bit of a different direction and take it into kind of the storytelling and hangout world. So for those of you who are not familiar with Yakdao, we’re building a decentralized resort, which essentially takes the concept of glamorous camping out of the kind of nucleus or the nucleus of one hosting environment. So if you, if you were to stay at like, I don’t know, the opera or something along those lines, you get like one type of experience, but here we’re taking land hosts from all across North America and eventually the world. And we’re giving them these really cool glamorous camping tents and really beautiful setups to give you this like ultra luxurious camping experience in a way that has never really been never been tackled before. And we’re turning it into an experience that has web three capabilities. So we are using NFTs for the entire booking engine. We’re using NFTs for the entire reward system. And most importantly, we took our real world assets and we fractionally distributed them to the community. So you can own parts of this entire decentralized resort by getting part of participating actually in the NFT collections. So through the NFT collections you there are processes in which you gain yield by actually holding and distributing abilities. So if you, for example hold one of our ultra rare NFTs, you get automatic access to all of our houses around the world no matter if you’re in Colorado, Canada, parts of Europe. And really trying to break down that border or that barrier between a glamorous camping and traditional assets. So yeah, super, super cool vibes, man. So stoked to be here talking about it. And one of the things that looks like has become like a pop culture phenomenon is like this whole idea of like tokenizing space. Something that really caught the mainstream attention last year. There’s like huge events in Manhattan, essentially like Tyler and Cameron Winklevoss held something in support of some really cool NFT projects. And I’m not exaggerating, 50,000 people showed up. Like it was like crazy. So one of the things I’m curious about is the concept of these RWAs. Are they essentially designed for financial gain for the holders of these NFTs? Or is it more or they kind of hybridize products? That’s a good question. It’s actually both, right? So that’s what that’s what makes us kind of unique. And it’s also what is a game changer when it comes to this process. So, not only are you participating, albeit at a fractional level, in the financial gain of being a land host, but you also get to participate in potential buyouts. So, we’re in talks right now, actually with a New York based venture capital firm, to take over essentially the entire Yakdao concept, which would entail purchasing each individual NFT at a fractional part of the worth of that. So worst case, you pay $1,500 for an NFT, and you’re getting at the very least, at least 2x that on a potential buyout, which is great because now you’re yielding from that NFT yield from the actual holding property environment, if you just so choose to stake your NFT here and now. So everything is actually done through staking. So that’s a really good question, Darrell, and really excited to answer it that way because it’s both right and we love the fact that it’s intertwining both of those mechanisms. And another thing I think is a really interesting concept is the way that smart contracts are set up today is kind of mechanistic, like I think it’s very much print, press send. We’re witnessing an era right now for the first time ever I mean, ever in human civilization where contracts have the potential to be denominated not necessarily in cash terms, but in what you call like social tokens, or viral tokens. And the platform’s super innovative, would love to learn a little bit more about that as well. For sure, for sure. And, you know, it also is a regulatory conversation. There are laws surrounding disclosures which change in every specific jurisdiction. So our platform doesn’t necessarily deal with legalities. It’s really up to the end user to make sure they’re doing their corresponding due dilligianceh and reading through their own respective contract reviews to make sure that all of the assets that are being disclosed are legal within their jurisdictions. Should also note where half of our community participants are civil litigation lawyers, so it’s definitely a close network of lawyers and people who work those specific contracts to make sure everybody is, is up and legal on those things. And one thing I’m always curious about as well is like, are you having conversations within like certain guilds or organizations like, for example, like in the United States Chamber of Commerce or similar types of guilds in the UK or the EU to kind of talk about the importance of Web three and legal structures? Absolutely. We have a regulated entity relationship from Westfield Holdings with the consorts mentions are always ongoing, usually monthly charters, monthly meetings and they’re great organizations to work with. They really provide that underlying network and this is kind of why we found web three platforms like math travel the most advantageous because it allows us to actually vault the assets in a real time space which is not something that you can typically do and fractionalize them. Vaulting is something people do periodically, you put it in there, you do what it is, if you’re doing a hundred year bottle of wine or gold for that matter. Usually it’s shipped to a third party private vault somewhere. So while there’s actually strategic vaultization across the board. We did it initially with Delaware, NATO was our first AMA vault warehouse. But now we’re vaulting across strategic hold, physical gold, in Geneva, Switzerland, in Canada and in Texas. So it’s super, super exciting. And we’ve been having a ton of those kind of conversations and we have a super close knit, kind of inner guild community of consultations in the southwest here of the country. That’s so amazing because as we’re seeing more and more of this stuff happening on chain, it’s just becoming more obvious that there needs to be a social layer that gets baked into this and ultimately makes things just a lot easier for someone who’s new to it. Because these are already barriers to entry that tokenize real world assets are essentially removing. And one thing I’m curious about is like, if you took us back in time, let’s say, you know, you and I were having a beer ten, twelve years ago before web three became even close to what it is today, you know, what is the conversation you’re having to explain tokenized assets that you’re able to do today using something like materium? That’s such a great question. It would have been so speculative at that time, but it would have been still along the lines of maybe what we were saying about proallocation of assets. So same kind of concept using Homeland assets like gold or oil utilization contracts or making sure that the contract itself is disclosable and firm. So, that’s the two mechanisms by which traditional finance works. Whether you’re in hedge funds, you have a bunch of different LPs, that essentially make a pool capital of which you can start to do fiscal disclosures around those specific contracts. That exact same mechanism exists here today, except for it provides you that immutability and the inability to retract essentially a consensus agreement between multiple parties. So super speculation of just about how that would have worked, but along the same concepts of fulfillment tiers, yeah, because like ten, twelve years ago, you probably have a long form merger agreement with 50 participants all sitting, having their corresponding silos of what essentially is button room agreements at that time. That’s sort of where we would have gone. Imagine someone at a hedge fund saying, Hey, listen, we’re going to tokenize the bottom half of this oil barrel deal and put it on chain. What no one can do as of this time today is you can participate however you like from a disclosure standpoint and you make everybody eligible to receive that tokenized asset by having that appropriate paper trail essentially lined up right in a disclosure format it’s given specifically to you or your entity. So and one of the things I think about a lot too is like, in the traditional finance space, there’s already mechanisms in place where all this happens. You have a due diligence sheet, you have essentially private placement memorandums, all these things exist and what’s happening is now because of the ability to essentially fractionalized and vault these real world assets and essentially make everything that’s been in a previous digital cassette format into a real time space format, you’re just kind of bringing the future into the now. And that to me is like brilliant about how I’m always curious about where this is headed in the next five to 10 years, because. That’s like we said before timing of it, when there will be certain restrictions. Like if we’re talking about protecting an interest rate call for a one year yield and the yield fluctuates three basis points, the appropriate settlement thing might happen a sharper correction or the lower part of the digital cassette. So I’m so super stoked about these kind of conversations. It’s also amazing. The Ford guidance of knowledge and work that’s being done right now to make the future so much brighter. And one of those things too is as we already see these RWAs happening on an almost daily basis now, these things are growing faster than ever had. And one of those projects I want to talk about real quickly is like, okay, we talk about great American mining. We’re not going to get too much into that, but like there are already success stories in the RWA space. You know, they framed up an entire Bitcoin mining operation with proof of work equipment running entirely off of repurposed electricity at, at energy stations across North America. And this as part of the bit works world, right? Because Bitcoin is the most volatile especially from proof of work. If you put a hand on that Bitcoin, you feel the heat, right? So there’s already great projects that are happening. Grayscale besides Bitcoin Futures ETF applications that will involve respective projects after maturity dates. So super, super exciting stuff and really appreciate the time to be able to kind of interoperate all all these different, different aspects. So super stoked actually to pass it off, too, because a lot of fun stuff. Here is amazing that all this cool stuff is happening right now. It’s like making a head spin how to think about, like, what’s the next innovative thing coming into this space? Thanks again for having us. It’s just a pleasure to to to not only be part of these conversations, but to help us like, you know, kind of focus in on the broader points that Web three is enabling true transparency and accountability from a fiscal disclosure level. And that’s the thing. A lot of these products have been pigeonholed into essentially like the broader VC funding ecosystem, but they didn’t have, you know, the necessary tree roots, the ground level foundation of what we consider natural resources, what we consider, you know, mineral rights, things like that. So seeing all this is coming on chain is amazing to me. And I think that the type of impact it’s going to have is just such a huge broad sweeping part of the future. And again, we’re just so early and it’s so exciting, man. And I love having these kind of conversations. Thank you again guys for hopping on today and all the projects you guys are dropping and coming out with and making us aware of because most people don’t know this stuff yet. So it’s a huge service to the broader retail ecosystem when you guys show up and we’re able to kind of talk about these things. So hope in the not so distant future we’re going to see a lot of these projects not only continue on main chains like Ethereum, but also you know as we’re seeing something like layer two solutions like arbitrum see a lot of interoperability, right? So not only are we seeing huge innovations in Ethereum main chain, but you know, huge projects with zero knowledge proofs on arbitrum huge projects with mesh routes on Polygon. All of these things are happening at once. So it’s just like, you know, what’s the next best thing unfolding again for having us. The universe is constantly expanding. It’s going to be amazing to see what happens next. And we’re so proud to be a part of it and a part of these conversations. Thanks again, man. That’s awesome if you guys tune in because we’re super stoked on what’s going to be the next big thing in this space. Real pleasure, Darrell. Thank you again, everyone for bringing out and I love it. Danny hit the nail on the head. I just can’t wait for the next iteration and super excited to be part of chatting with you guys next time. Cool. Again, thanks a ton for showing up today. We’ll do this every week on Thursday at 2:00 PM, awesome conversations to the universe. Everyone have an amazing week. Thank you all so much. We’ll see you next.
