Welcome to Mobly Media, I'm Glenn Your House, today we've got joining us Alexis who's the
CEO of Etheland, and we'll jump into the project shortly but first Alexis, maybe you can tell
us a bit about yourself and your background.
Yeah, going through good, Alexis.
I'm doing great, I hope you're doing great as well, so you wanted me to introduce the
project just slightly, if I'm correct.
We'll jump into the project shortly but maybe Alexis, if you can just tell us a bit about
yourself and your background first would be great.
Okay, well thanks for asking, so in my case I joined the crypto ecosystem in 2016, so it
was a bit prior to the famous 2017 bull run, and I joined because I was interested in Ethereum
mining, and so I joined the Ethereum blockchain quite early, since when we started mining
I believe the Ethereum was like $7 or something like that, and that's where I got interested
in the technology, especially the part of the consensus and all things work in the
background for crypto and blockchain runs, and afterwards it opened to me opportunities
to join another startup, which was some kind of community driven token that was supposed
to educate people and motivate them to join the crypto ecosystem, and afterwards I was
recruited in what was the first company with the concept of Easterland, which was Filcoin,
so it was basically the same as what we do right now, but only for agricultural land,
and afterwards I was the co-founder of the shift idea to switch from just agricultural
land to just any type of land, so general real estate, so of course it incorporates
agricultural land, but it would also incorporate all kind of real estate, so you know, industrial
land, commercial properties, residential properties, and even landmarks and monuments which are a major
part of our ecosystem and our focus. Thanks for the introduction Alexis, so maybe you can
tell us, give us an introduction on Etherland and what you're building in the crypto space.
Yes, so in that, that wake, so at Easterland, and that was where our first point of view came from,
we understood the benefits of NFTs, so it was as early as 2018, if I'm not mistaken,
in their utility, and not just as a way to, can I say, to ride a wave and make a meme NFTs etc,
but purely about the potential it had, and especially for application to real estate,
the way we could use an NFT to represent on a one-to-one basis real property that exists on
Earth, that has a land, you know, that occupies land. And our first POC to show a bit what we
wanted to do, because we are mostly a data-driven company, was with famous places landmarks, and
that's why we've tokenized over 300, excuse me, and 20 landmarks from, you know, basically all kind
of landmarks, so the most famous ones, and even vanished landmarks in our special collection,
which is called Lost Words. And yes, and what our objective was to show the density and variety of data
linked to those monuments that we could save. And we showcased it in our product, which is called
the Estatepedia. You can basically see it as an encyclopedia for real estate, and a hub for all
the data related to tokenized properties. And that was our first POC to show actually people the
extent of data that could be linked to famous places they might know or they might not, and also the
importance of preserving those data and, how can I say, having some, you know, memory effort. For
the example I gave you, the Lost Words, which were destroyed places, and if we did not have,
you know, written history books from ancient historians, or other forms of traces, we would
not even remember that those buildings were built. You might know some of them in like the seven old
wonders of ancient times. And yes, and in that spectral thing, we realized that our technology of
data preservation was also very key and important for a lot of other industries. Because you must
understand that nowadays, there is so much data generated by all kinds of products. You can see
the more we move in time, the more we digitalize all kinds of processes, the more there are
applications. And in that way, there is a lot of data created, a lot of management needed. And
unfortunately, most of the technologies and processes to store data nowadays are very messy,
and they don't really solve issues. They just, you know, digitalize to, you know, fit some
requirements, but they don't really have, what can I say, a corresponding process that is efficient.
And our technology, which is simplifying all that by bringing decentralization, encryption, so everyone
can use it both on, you know, professional, industrial basis, but also on a personal basis for,
I'll give an example, but if you want to store data yourself, you should prefer to know that it's safe
and not public. So decentralization is great, because it solves a lot of underlying issues in
all the data storage ecosystem, and for the problems that are linked to data storage nowadays.
But encryption on top of decentralization was a very key component. And on top of
that, we had on-chain identities to allow people to access in an automated fashion their data. So for,
you know, Google Drive, excuse me, for example, you would have to manually share accesses to files to
everyone. And you need, you know, some manual processes each time. But with our on-chain
identification methods, most of those would be able to be automated. And for instance,
much more efficient. And when you're applying this to industrial, how can I say, applications,
it gets very interesting. Because for example, our first industry of choice for applying it is
real estate. Because real estate, well, of course, it was very close to our first POC. But real estate
also is one of the industries that stores the most data, generates the most data on specific
buildings or even properties. And that's, you know, are really facing a lot of not only hurdles,
but a lot of time and money due to the inefficient data management. So yeah, that was a bit of our
route. And now you can see a bit all of that. But I'm sure you have questions for that. So I'll
reserve the details for later. Great, Alex. Could you elaborate on the technical process of
tokenizing real estate on your platform and what makes it secure and reliable?
Yes, okay. So in the logical process I just explained, a lot of people misunderstand what
we are doing because we are tagged as RWA. And nowadays, 99% of RWA projects are actually doing
fractionalization when tokenizing real estate. So they offer a solution to the transaction-based
process. Because, of course, you know, the transaction aspect is a big aspect of real estate
since you have to sell and purchase properties. But it's only a slight percentage of it. And
the other, all the other parts and also things that are around the transaction process
are data generation and data requirements, either for fitting regulations or just, you know,
for a way of tracking some changes that were brought to the house, to the building, or various
kind of aspects. And in our case, we used the tokenization as a way to represent on a one-on-one
basis the property and also as a last, how can I say, security measure to retrieve your data access.
Because the NFT representing the property has a root access to the file system underlying.
And so once a property is created tokenized, we create a public and a private folder
for the building. And then from there, we, what can I say, we can leave the blockchain-oriented
actions and start using our RFS, which is the real estate file system. And it allows a very
seamless day-to-day use of data management that you can be using on your phone or whichever
computer, because the beauty of this RFS is that the keys are stored inside of your browser. So you
can share the data access to any kind of device that has a web browser. And so it's pretty
efficient because as you could understand, in real estate, there are a lot of legacy actors,
traditional actors that do not really understand web free. And to onboard them and just make them
benefit of the tech, we have to break it down to them in the easiest fashion they can. And it
goes through usability, of course. It's, you know, one famous saying, everyone uses Mastercards and
Visa all the time every day, but no one really has a clue of the mechanisms behind. And we have
to do the same. And that's, can I say, that's a occurring concern that we address often in spaces
with other collaborators and not only in RWAs, but other aspects of the ecosystem as well.
Because in the end, that's what we need to do, you know, we have wonderful products,
and they might be web free-based, but we might want to make all those web free-oriented details
as, what can I say, as remote as possible so that the users we try to onboard have a very
seamless and efficient usability and way of actually being convinced to use the technology
and not frightened by the web free, what can I say, vocabulary.
Got it, Alexis. And how user-friendly is the Etherland platform for non-technical users,
especially if I was interested in tokenizing real estate or contributing to the
estate PDO, maybe you could tell us a bit more about how it was built and how it works at estate PDO.
Yes. Well, it's, like I said, it's a twofold manner. So you have the tokenization platform,
the tokenization platform, which is called the ProApp, and then you have the data management platform,
which is called the REFS. And so, of course, our first focus is B2B actors for real estate,
because you have to understand the most, the people that benefit the most from our technology
are the one managing a lot of documents and a lot of properties, because you could see, you know,
the benefits of our technology applied to the whole ecosystem once every actor, every
professional is integrated of reducing, for instance, in France, there is a very long
process for purchasing and selling homes that could last several months. And in France, you
could open up with a full integration of systems like ours to reduce this process to a few weeks,
like one or two weeks. So, of course, it would be beneficial for everyone. But how often does
a normal person transact properties in its lifetime? Not very much. So, you know, the people benefiting
the most are big asset managers that have a lot of properties in their management. And subsequently,
a lot of files also to manage. And you can imagine how crazy and dimensional it can get
when they have such things at like 1000 or 2000 buildings in their management. And so,
for us, the solution was to actually adapt to their needs. And our product fits just like that,
where they have a lot of data they can enter. And the idea is this process is done
the less time possible, since, as I told, involves some web free mechanisms and some web free
transactions. And once they have inputted all the data related to their not only to their buildings,
they can just manage it very easily on a day to day basis with just the RFS,
because, you know, after the NFT has been created, and it's acting as a safety mechanism to retrieve
the root accesses to your file system, well, you don't really have to worry about it, you know,
you can leave it in a secure environment and then just use your RFS environment easily. So,
yeah, the idea was to make it as easy as possible for every actor, and as easy to understand,
because you could you could see, you know, the foresee the process of registering a building
for the first time, being left to some very technical officials or workers inside the real
estate company, the asset management company, but then the RFS can be used by anyone since it's
just basically a file system that you access on your browser. So, even in a simpler fashion,
than Google Drive, which is pretty simple already. But yes, so that's only the,
okay, it's a B2B real estate focused part. And maybe you're interested also in learning
more about our B2C, really, excuse me, human heritage preservation venture.
Great. Alex, we hope we can jump into the B2C shortly. But I was wondering,
you've got the real estate NFTs, is that fractional reserve ownership for investors?
How does it sort of work? And what sort of prices and properties are you dealing with?
Yeah, no, that's what I was saying. We have none of that,
because we are not focusing on solving, you know, just the transactional aspect,
we want to resolve the transaction indices by solving the data management issues. Because you
have to understand, in real estate, what's taking a lot of time, it's not, you know, just the
transactional process is all the documents that surround it. Because if you have a lot of factors,
for instance, in France, when you transact the house, there is a lot of things to be emitted
either by the government to figure out if you're following some regulations,
but also the notaries for several acts during the transaction process. And all those actors have to
do back and forth between all of them to share documents. And sometimes you know, there are a lot
of documents that are lost and that need to be either found if they are lost or just made from
scratches. And if the documents required are some technical audits, which are very, can I say,
numerous in buildings, well, you have to re-ire your audit firms to do those audits again and
reproduce the documents. And so, for us and for every actor we discuss with, which are, you know,
the higher tier actors, because if you don't see the structure, when you go to a real estate
agency, you just see the agency offering, how can I say, houses for sale from normal persons,
but all of those have on top of their corporate sector, big asset managers that manage real estate
for them, either because they rent the apartments inside the buildings or for other purposes.
And all those actors, what interests them the most, it's not having a new way of transacting
homes, because they already have all the legal structures and the financial structures to support
that. It's to fasten their process to, you know, stop being, how can I say, slowed by the lack of
documents availability and the hindrances in document management. So, our focus, and it's,
you know, it's one thing you have to understand, all those companies are very legacy actors.
So, they are, in France, for example, they are very old, they have a lot of financial power,
of political power. And when you want to work with those into better the real estate and solve
their issues, you have to bring them tools for them to better the processes. And when you look at
fractionalization, it's just an alternative for just the transactional process. And,
of course, it has some benefits, because you can offer smaller persons to invest in real estate.
But if you look at the overall pool of transactions done for real estate, what percentage
those investments represent as regard to just people purchasing real estate to live inside of it.
You know, so, that's one thing you can never hope to transform the whole
real estate industry by just doing fractionalization and offering financial incentives.
You have to also offer tools for all actors to better the processes that will,
at some point, of course, come down running onto retailers that will, of course,
benefit from all the technological improvements if they are done upstream.
Okay, I see, Alex. And can you provide more data? Oh, no, I'll come to that later.
How does the Elon token economy work and can you break down its
utility and incentive mechanisms for both B2B and B2C users?
Yeah, okay. And thank you for that question, because it will allow me to transition to B2C.
So, the Elon token is essentially a utility token. So, we have an ecosystem, we offer services,
and to use those services, well, of course, people will be able to purchase them with the
Elon token. And it allows us to do two things. And the first one is, in the spirit of our
estate pedia, is that as we are going to be a data hub, we want to also have, at some point,
a retailer facing a service even for the traditional real estate industry, which will enable users to
maybe access some critical data if they want to purchase a home. And if the home is tokenized in
our ecosystem, and it's for sale, they will be able to access some data to help them in their
decision for the transaction, and all kinds of services that we will reveal later on.
But yes, the Elon token is useful in that type of thing. And so, in the ecosystem,
we have also a subscription-based service for professionals. And of course, this subscription
will be paid in Elon token. So, we also have some interesting partnerships to reveal soon
about how we will be able to onboard web-to-actors with fiat currencies into crypto in a kind of
seamless and background fashion. But that's actually in the plans. And it's pretty simple,
really. It's just a utility token. And then for B2B actors, that's where it comes very
interesting, because we have, as I said, we have some kind of a public-facing part of our hub,
which in the really thick process, people will be able to access with some subscriptions or one-time
payments in Elon. But that's for a later part. The first part that's very interesting is our data
preservation venture. Because as I said, that was our first POC, and you can already see it either
on our Cloud Foundry, not for me, on our Open C page, or on our state PDM. All those places
have a lot of data on them. But most of the data for the most remote landmarks can be pretty scarce,
and even places that you would judge pretty famous if you are local from that place and you've heard
a lot about it. Well, on the internet, either the quality of information is not there or it's just
not there at all. And what we wanted to do is to have a hub where every people that can provide
information on those monuments can participate. And one thing we have built is some kind of a
bounty board program where people that own the NFTs are somewhat responsible about the data
linked to that NFT for a famous place. So all the pictures, videos, and even the descriptions.
So if they want and they're patient about it, they can research and curate the data and bring
higher quality documents or new archives or even refine the text describing the monuments.
But one thing very interesting also that they will be able to hire services from competent people
in Elend, and that will be done through our bounty board. So for instance, if you have very
quality description, a lot of information, documents, et cetera, you might not have quality
pictures or even drone videos. So you would be able to hire people to do drone shots of your
landmark for this kind of against Elend. And that's only the very close B2C application, but
what we were going to do in the future, since we are on this part working for human heritage
preservation, is also incentivize competent people like historians, either local or international,
that are interested through grants and other type of rewards for them to also participate
in the effort and just overall to be the high quality encyclopedia and have a great founding
stone for the human preservation venture. Because you have to see that on the internet,
you can find a lot of things and you would maybe think about Wikipedia for some of the
historical facts. But when you go into a closer look, there is actually very little information
or very scattered information. And it's mostly a text based hub. And if you go to your extents,
like images, videos, et cetera, well, you lose all kind of pertinent information. And for some of
them, there is either no images at all or even very few text elements. So yeah, our main idea
would be to build a very high quality encyclopedia for also human preservation venture. And in the
later run, apply that to all real estate and have some other retail oriented applications.
I see Alexis, and a follow on question from that comes up. What measures are in place
to ensure the quality and accuracy of the information contributed by users for a state
pedia? Excuse me, can you please repeat your question? Yeah, I was wondering what measures
are in place to ensure the quality and accuracy of the information contributed by users to the estate
pedia? Oh, that's a good question. Well, we have a plan to set up moderation teams. So of course,
for basic tasks, and also maybe some automated processes, maybe through AI or other processes,
just for basic moderation. And other than that, for historical elements, it will come down to
the proof. If this is a very remote place, like I said, and it's like local archives or old books,
old texts that prove some information, then of course, we will ask the provider to show us
the documents he's basing his curation on, and have a background check process with
various qualified actors. I see Alexis, and I suppose as well, how does the estate
pedia manage to maintain up to date and accurate information about landmarks and historical sites?
Well, then that's, that's, like I said, it's up to the global effort. Because we have done
an initial effort, it was pretty intensive by curating ourselves, excuse me, data,
and ensuring that all the data present is accurate. But, you know, somewhat as a whole,
our decentralized storage technology is working by some kind of a peer to peer fashion,
it will work the same way, you know, by having the highest variety and density of users,
being able to check the information and provide information and also be rewarded an instant device
for it, then you can ensure that at some point, you know, the data updates can occur pretty fast,
pretty often, and also in a very trustable manner. It's, you know, it's like I said,
it's like the decentralized storage technology. If you look at IPFS, it's like what unfortunately
most NFT projects trying to benefit from the IPFS brand did, they just, you know,
upload to one IPFS node on like either a private network or an external provider,
and did not open their IPFS network to a more global ecosystem. But the beauty of IPFS is that
when you're connecting to IPFS and accessing the data, you are essentially creating a node on your
device that also works in replicating data and acts as an additional data replication point.
And what's wonderful about our real estate file system that will be also used for the
data human heritage preservation venture is that, well, as it's browser based and IPFS
did a very wonderful job in making integration possible of their system in web browsers,
well, every person is going to access it on their local devices are essentially going to be a new node.
So it's very powerful because if you look at a very large, you know, user base, but even not,
you know, huge, like millions of people, but even like 50,000 or 100,000 people,
it creates a very dense layer of replication that then adds to, you know, the trust about
how this data is immutable and how well it is created and replicated. And it's, you know,
the same principle in all kinds of peer to peer projects and technologies. It's as soon as you
know, you're guaranteeing that people can have a real say and make real informed decisions in
the ecosystem and bring real modifications. And you have a safety net that ensures that no,
or can you say, no obscure things are being added or incorrect information.
And it's working seamlessly in an automated fashion, which is our goal. And also the reason why
smart contracts were ever designed. Well, you can ensure that, you know, just through
time and user recognition, the more we progress, the more the data is going to be
updated frequently, accurate, and we could place a great deal of trust in it.
I see Alexis, and how can individuals contribute to a state PD and what are the specifics of the
bounty system for contributing data on landmarks?
Yes. So in the past, we had a registration form for people to register their own NFTs. But
we've revised a bit all the reward ecosystem and the way we want to incentivize people,
because as you understand, we have also the UN token, and we have to make sure that there
are some traditional mechanisms that work. And you're going to have more details soon
for our documentation that we're going to release also in the wake of our crowdfunding.
But the idea is that currently, if you are owning an NFT, you will have the ability to
create information, submit, update etc. You will also have the opportunity to ask or create
bounties towards the community to help you gather some information or for some skilled people, maybe
to do some relevant tasks for you, like take a video, for instance. And also, the only other
way for now to create new NFTs as suggestions will be through rewards of our crowdfunding
campaign, with some reward tiers offering access to an opportunity to create your custom NFT.
And also, through the staking program, because our crowdfunding distributes minting credits,
and also each wallet participating in the staking of UN token will be also rewarded
with free minting credits, allowing them to mint free NFTs of their choice. And of course,
more minting credits can be for now only obtained through our crowdfunding,
but later might be distributed in some events or other grant programs. So yeah, that was,
how can I say, a decision we made, because in the past we had an open form for registration,
but we realized that there were not enough tools or enough incentives to make people understand the
true care they needed to bring to create quality content and creating very beautiful NFTs.
And with all the new reward ecosystem we've designed and the grant program,
we've ensured that actually is going to be a far more interesting functionality made this way.
Okay, Alexis and I was wondering how user-friendly is the Ethereum land platform for non-technical users,
especially those interested in tokenizing real estate are contributing to state PD.
So for now it's mostly, can I say, a way to view some information. So it's presented in the clearer
manner we could, but you have to bear in mind that it's only a V1, even the estate PD, and it's like
non-interactive platform for now. And that's one of our goals of development goals and also
crowdfunding goal. It's to make a fully custom and working platform with JavaScript and also some kind
of web-free functionalities. And it's going to be pretty simple as everything we've conceived.
You can trust us on that matter as we make sure to either provide enough documentation or in the
first place having very simple processes because you have to bear in mind, like I said, our technology
is also being applied to traditional web-to-actors. And our goal and ambition in the real estate
industry is to onboard as much operational actors as we can and to have our technology being
applied to the most numerous actors we can. Because the more actors in the chain integrated,
the better the benefits and also for everyone. And the faster it's going to be available to
retailers downstream. So as this technology is also being used as the base to our B2C
preservation venture, you can only expect that you're going to find the same level of simplicity
because even if you are a web-free, or can I say, you are knowledgeable in web-free and you know all
the little intricacies, well, wonderful for you. You're going to have a wonderful time. But we
also want anyone to be able to partake in that. And as I said, with traditional web-to-actors,
there's going to be a big part or so of our technology integration. Well, as I mentioned,
grants for traditional historians, you can also expect those people to be pretty web-to-centric
and not very aware of web-free practices. So yes, usability, simplicity of usage
is a very centric part in our product conception.
I see Alexis. And can you provide more details about the upcoming
fundraising round on tachra.space and how do you plan to use the funds?
Yes. So as I said, the technology we build is a very solid pillar for all of our applications
because you can understand that decentralizing data, making this decentralized data encrypted
and automatically decryptable by ancient identities so people can access it very seamlessly and
easily. Well, it can be very useful for all kinds of industries that store a lot of data.
And in that specter, even though our first applications were human heritage preservation
and the real estate industry, we are also open to other industry sectors. We have already received
discussions and ways of people in certain industries being very interested in using our
technology because we can see other industries like automotive industry, art industry,
even the music industry that needs to represent things on a singular basis and have a lot of
data tied to it. It's going to be very interesting. And our crowdfunding is some kind of in that same
perspective. Our first goal is, of course, to build the tech, which is going to be the
foundation and then have some other goals to fund deeper applications on either our tech or
just the B2C human preservation venture. And all the rewards also have been devised this way
so that the crowdfunding is very rewarding for the people that participate and also offers a lot of
opportunities in terms of the new mechanisms that users are going to be benefiting from if they
invest, like the DAO, all kind of voting powers, even some, how can I say, reward mechanisms through
the bounties or through the staking. And all of those rewards have ties between them. And
you will be able to see deeper in our documentation that is going to be released.
But we wanted to make everyone be able to, how can I say, theorize a little bit
the way they could approach this crowdfunding to be able to benefit the most from it and also see
some of the features released and how they will be able to benefit from those features and make
some plans, et cetera. And so it's very interesting. It's very well devised. And the first goal was to,
of course, build the tech and on top of the tech, then everything else is going to be usability
for B2C users, because fortunately for us, this tech is not very expensive to create. And so it
gives us plenty of room to provide a lot of use cases, application and incentives for our holders.
Okay, Alexis, regarding the NFT lottery, can you explain how it will work and
what types of rewards participants can expect?
Yes, so the NFT lottery, we have a lot of NFTs to distribute. So for the DAO collection,
we have created a new collection to enable a new power play, because traditionally,
DAOs are very token, ERC-20 token centric. And we wanted to bring back utility for legacy,
land ID holders, and also have a basis to distribute new power to new people. Because one of maybe the
advantages and influences in our legacy land ID collection is that its holders are very
conservative. So once they have acquired their NFTs, they are not very likely to resell them.
And so all the DAO collection will be used as a base to distribute voting power. And then,
of course, some land IDs will be able to receive and benefit from this voting power. And in that
spectrum of things, we have a lot of land DAOs going to be released over 50, 100-piece token,
and also cool other NFTs like unreleased lost words or unreleased land IDs. And the structure
is that for higher tiers, some of the best NFTs are going to be reserved. And for all the other
ones, in a kind of a fair fashion, we packed all of the remaining NFTs into a lottery.
And the higher the investment tier you participate in, the more NFT lottery tickets are going to be
able to receive that are, like in a classical lottery, going to count as multiple entries
with your name. And so if you have the luck, the chance to be in one of the higher tiers,
you're going to be enjoying more lottery tickets and surely be able to win some interesting NFTs.
And that's why we made it this way, because we wanted also to have the largest number of people
benefiting from our NFTs as possible. And we realized that the lottery was the fairer option
and also the more certain one as to how a poorer place were being evened out.
Great, Alexis. And are there any plans to expand the types of assets or documents
that can be tokenized and stored on the Etherland platform in the future?
What do you mean by extending into other assets and documents apart from real estate and
historical and science? Yeah, so it's pretty interesting because you have to see us as a
mainly data-oriented product. So if we are offering you to store data, it could be any kind of data.
If I take, for example, the smart buildings, smart buildings have a lot of IoT and a lot of
connected elements that generate a lot of data all the time. So this data can be stored as well
as soon as it is produced. But all kind of for the data, because you would think maybe of real estate
as just some legally bound documents. But it can be also more trivial documents like invoices
for construction works or renovation works you've done to your house, or even furniture you've
added. Because if you're going to resell your home, it's going to be only added value
that's going to add value, of course, to your home. So it's good to be able to prove it.
And in another kind of practical application, well, you can foresee also having a,
because you have to understand that there is the shared data storage space for the company
that tokenizes buildings, but each actor are going to have also
so actor identified onto our RFS file system are going to also have a small personal
storage capacity. And in some kind of practical application, like for buildings that are being
rented out apartments, residential apartments rented out. It's very interesting because
oftentimes, when someone goes to rent an apartment, they have to provide a lot of documents to prove
that they are first worthy of renting the apartment, but also financially stable enough
to ensure paying the rent. And when they go from one apartment to another, they have to
re-provide all those documents. Well, in our ecosystem, all those documents would be already
stored. And so when they apply for a new building, for a new apartment, excuse me,
they would be able to pretty easily share those documents. And if needed, bring some
modifications, or maybe add more up to date documents for some aspects. But since most of
those documents of this documentation is going to be remaining either way, is going to be a great
opportunity. And so that's only for the real estate centric example. But of course, as I said,
as we can be used for any type of industry that stores a lot of data, well, you can easily
foresee that any type of data problem can be solved by our technology. So if you are,
I don't know if you are an artist and you want to preserve some of your drafts, well,
you can use our technology if that's pertinent enough. So yeah, of course, in the later run,
we're going to be enabling this technology to be used in the widest applications possible.
And that's also why we've made our company structure this way. And we're going to separate
each commercial applications with different companies and keep the tech in our current
existing company, which is holding also the internet brand that you can see as an IP trust, essentially.
Definitely, Alexis. And yeah, you pointed out something there that I was reading about
recently, building in contents insurance, if you could tokenize that onto the blockchain,
because a lot of people when they make a claim, if there's a house fire or a collapse,
they don't actually know what their assets in the house and content are. So they lose out on
thousands when they make the claim, because, you know, we've all got so much stuff in the house,
so that's something to definitely explore in the future, that people would be able to put
all their contents onto the blockchain. And yeah, and then they'd be able to get the fair
payout if there was any damage to the property. I'll ask one more question, and then we can open
it up to the audience. So I was wondering, how do you see the ethalon ecosystem evolving in the
next three years, especially in terms of technological advancements and market trends?
Yeah, so first of all, I wanted to say that you perfectly grasp, if you may, the ideas behind
enabling all kinds of document storage and linked to a specific location. And it can be also any
kind of location, not only just physical, but as I said, maybe art pieces or other kind of objects.
And yeah, so in the three upcoming years, and then maybe a bit larger, well, first off,
we are really looking forward to our crowdfunding is going to be able to enable us to build the
foundations of our technology, and even a bit more than that, and have our first POCs ready,
because we have a lot of major traditional actors that have verbally agreed or maybe agreed by mail
to do some POCs with us, but the underlying condition was that we needed to have our technology
ready first. So I believe that in a pretty short term, we're going to be able to have our first
POCs in application. And then from there, well, you know, deploy as fast as possible,
because it's a pretty unpredictable market. We have to understand we are dealing with very
large asset managers. So even if we are doing a POC in a limited environment in five of their
buildings, well, those guys manage thousands of buildings. So if they are really seduced
by the product and see how useful the benefits are for them, and how great it is for optimizing
a process, saving them money, and reducing time wasted, well, in a pretty simple manner,
they're going to enable us to integrate with our assets as a pool. So it's pretty unpredictable,
but fortunately, we'd say that at least in the three coming years, we would really foresee and
to have actually integrated fully one of our asset managers we're going to be making a POC with,
and also realistically maybe open to a new industry sector, other than real estate, since
that's how we are designed to work. And that could be also a very interesting aspect.
Okay, let's open up to the audience. I see we've got Ramat here. You have a question for Alexis
Yeah, thank you, Glenn. I've been listening in a great presentation. I have a few questions.
Okay, so I was wondering how does Ethan Land address compliance requirement related to data
protection regulations, particularly concerning the storage and handling of sensitive and private
legal documents? I mean, does Ethan Land also comply with data regulatory bodies such as GDPR?
Yes, of course. So for the GDPR, you must foresee that you have a complete control over
the data stored. And the technology also is very efficient for that because it has what we can
call revocation cascades. So as I said, the documents can be shared pretty seamlessly without
needing a written consent or manual action done by the people, by the user that owns
the document at the root. And so if this user shares the document with one of his contacts,
then the contact has the freedom to share this document how many times he wants with any other
person. And then for each person, they can do the same. But if at some point, the guy that
shared the data as the first sharing cascade, the sharing chain, he can choose to revoke all
sharing authorizations below him. And that's only just one aspect because you can also foresee
all kinds of information like the full history, who had access, the traceability, et cetera.
And so in all kinds of standards, you can ensure that nothing is stored against your will.
And if you have doubts, well, you can at any times revoke the authorizations. And
for all other kind of legal applications, well, you can foresee that our structure is made this way
because if you go at a traditional route and you wanted to do like transactional real estate,
well, you would have to be installed in each country, at least legally,
and have some legal roots prepared to allow you to transact and do some other things. But
as we are partnering and just adding a tool to the arsenal of an existing asset manager in that
regulatory region, they already have their legal processes and all their compliances.
So we just rely on them to just do as they're used to and have their own legal processes just
keep working the same. And we just integrate to that and basically track all of those events.
And that's basically how we do it. So we have very, very few legal impairments in that regard,
since we are essentially just teaming up with people that are already pretty well set
in legal compliances. And they already have their roots, as I said, and they ensure every time that
anyways, they are in alignment with the law. And if we go a bit further than that, we will
even help them ease up their process because for some of the regulatory obligations, like
what's coming into real estate with ESG practices, for example,
well, it asks a lot of data. And in that regard, we will be able to provide the data or actually
ease up their worries by quite a significant margin. So yeah, I hope you answered your question.
Yeah, you understood. Okay, considering if any government or any of its department wants to
maybe integrate either land services or the databases into their existing legacy system.
So I was thinking, how easy is it for the governments to integrate
either land services to their existing infrastructure?
Okay, so it's very interesting. And well, it can be done through multiple means. But
just as a way, because one of our first POCs was with connected buildings, like smart buildings.
And most of them have data management platforms that allow them to do data analysis, etc.
The only thing they don't have is the underlying tech to store the data and making sure it's
easily and seamlessly distributed. And in that case, where we will just open certain
API, certain channels, to allow them to communicate with our ecosystem, either to retrieve data,
or to store data in our ecosystem. And then it's pretty flexible, because the beauty of
IPFS is that it's pretty lightweight. So if they want, and they have already,
okay, said their own storage infrastructures, well, they can either rely on us and we just
do a copy of the data, and we take care of the redundancy at our level. And then when they are
going to use it with RFS, as I explained earlier, they will also participate in that redundancy,
or we can have a full integration and we ensure that their legacy storage interfaces are also
equipped and participating in the redundancy and also serving data. So, you know, it's very
flexible and it depends on the client's needs. Like I said, for smart buildings, it may be a bit
more embedded requirements, or for, you know, traditional asset managers, maybe just serving
data, because they don't really have any ways of storing data. So we would just be coming as a
new way for them of storing data, and I don't think they will keep their legacy existing systems.
So yeah, it's very, it depends a lot on the type of needs the client has. And fortunately,
our system is very flexible. So that's also the beauty of software development,
is that we can be pretty flexible. Awesome. Awesome. Thank you so much for your time.
Thank you also for your questions. Thanks for the questions, Romain. Next,
we've got Captain Levi. He had a question for Alexis. Go ahead.
Yeah, sorry. I guess the time lag based on my connection. Yeah, it's really a great
presentation that you've done so far. One concerning question is the fact that with the
ever evolving amount of assets, especially not just even real world assets, but then, you know,
running it into virtual assets, so to speak. We'll now talk about virtualization technologies that
Okay, so just a quick wrap up of the question. If you are there plans to integrate VR that's
virtual reality, or making it like a virtual fashion, and so to speak of, you know, these
real world assets on a display, or this kind of virtual display, so that, you know, people can
actually see what they are getting before they get it. And yeah, I thank you a lot for this
question. It's a very interesting one. And it's pretty funny you ask this because it was also in
our plans for quite a time. And that's why we have in our B2C folder, we have one of our latest
items, which is what we call a non real engine cultural metaverse, because we are fortunate
that our creative director is a very skilled architect. And he has mastered your software,
excuse me, to be able to model various types of buildings in 3D, of course, as part of his
profession. And we very really emphasized on this aspect, with the lost words, because you have to
understand that lost words were, well, first of all, vanished monuments, so no other traces,
other than maybe some artists views, or old drafts and drawings, etc. Or just tales by some
historians. And from all those slight elements, he was able, you know, to create those buildings
in 3D and have a pretty significant and convincing look. And we are going to showcase them when we
will be attending where we do by and all kinds of other conferences, with our holographic 3D fans,
that I can tell it already are always, excuse me, already going to be a reward in the crowdfunding
for the IELTS tiers. And it's pretty, pretty interesting. And also the level of details
and now the rendering softwares and technologies we have are very, very convincing. And what we
wanted to do is, seeing that he had already made the effort to model all those buildings in 3D and
their environment as well, well, why not pack them all into some kind of virtual museum,
and have users be able to visit them in 3D with like VR headsets and things like that. It could
be, for instance, very interesting if you think about cultural applications for schools or
universities, or just if you are passionate about the thing, it's pretty interesting.
And of course, given that one of the supports we use is Unreal Engine 5, and with this type of
rendering motor, it's very shockingly good looking graphics and very realistic.
So that's only for the, like I said, really B2C and cultural oriented parts. And at first,
when we wanted to provide our services, we also thought about providing some modeling services
for retailers that wanted to digitalize their house. And that's also part of the abilities,
but there's also one aspect that already some actors do offer some level of 3D scanning,
as well as some specific devices with which they scan houses in 3D and, as you said,
enable interested buyers to visit them virtually at first and then before coming to the actual
physical location. But also, as we do in the asset management realm, and also in the construction
companies, there is what is called the BIM, which is essentially a 3D modeling of a building
and all its working components. So all of those are either already created or we have the options
to create them. So even if that's not our focus to make some from scratches for now,
that's an option we can more than certainly offer to interested buyers and also, and it's already
in our plans, support existing 3D modeling efforts that were made by the owners of the places we
tokenize and have a way of making them available or just storage architecture as a storage layer
for their own analysis platform. Because some of the BIMs we were showcased are integrated
in interactive platforms, but it doesn't alleviate the fact that they have to store it somewhere.
So it's pretty flexible, but either way, it's part of the storage and types of data stored
into real estate nowadays. So either directly or indirectly, I can tell you that, yes, we're
going to support 3D models of places. Okay, I'll now answer the question for
Councilor Levi. Next up, we've gone with Venice. You had a question for Alexis, go ahead.
Yeah, thanks so much, Akram. I really admire the Ethernet project. You guys are really doing a
fantastic job and I really enjoyed the presentation so far. Okay, the potential of NFT is to contribute
to the preservation of cultural heritage. I must say it is compelling, but how do you guys ensure
that the benefits of your NFT initiatives are accessible to a diverse range of stakeholders,
including local communities and heritage organizations? And are there efforts to
engage with and involve these stakeholders as well in the development and management of NFT projects?
Okay, so I figured this question was more oriented towards the heritage preservation,
and it's a really two-fold answer. So either it's direct through what I already did, some grant
programs that will see us seeking some local, as you said, communities or knowledgeable person
locally, if we figure they might have interesting insights on some local places, landmarks and whatnot.
But also, organically, with the ability brought by our bounty program, which basically will enable
anyone from any locality to participate in the data preservation effort. And that's what's
beautiful, because as long as there are rewards on the line, I think that people will be compelled
to participate. Then afterwards, it's only a matter of seeing who is very serious in providing
real quality data. But trust me, for having already run a minting form for quite a while,
we can see pretty easily, and especially nowadays with AI, what is a serious submission and whatnot.
And so, you know, as in every corner of our wonderful planet, as long as there is sufficient
incentives, and that the people feel that they can bring a real value to that country,
value to that contribution, then basically, as long as you have a computer or a phone and an
internet connection, you're going to be able to contribute. And that's also an aspect I forgot to
mention, and I thank you for giving me the opportunity to bring it. But it's also going
to be powered through our mobile app, because the bounty program at first was thought as a
twofold mechanism interaction between a mobile app, or can I say, which you can see as your working
tool, with which you go to the field with. And then when you go home, you can also, can I say,
continue this data curation or preservation effort through your computer. So the idea would be,
as we did in the past, with like some kind of treasure, with like geolocations and dropping
some items, geolocation, or can you say locally, close to our users. Well, this time you can
foresee that you will be, you will have access to all our tokenized landmarks, base and even properties
if they wish to have some bounties for them. And you're just going to be able to go out with your
phone, do some early work, like take pictures, maybe and grab some notes, information and stuff
you could gather on the field. And then when you go home, well, you can access with the
webpage of the bounty program, you can access your notes, your draft, the pictures you took
during the exploration with the mobile app, and then continue curating this data. And actually,
can I say fine tune it and do any kind of modifications you need. So if those notes
need to be translated into a quality text, they can be and any virtually any kind of things you
want to virtualize. So yeah, buy those tools and do just to share a fact that nowadays
smartphones are pretty globally available and internet connections can be as well. And even
if it's not fully online, you can also have offline participation at some level,
and then come back to your own upload the data and then and then keep on creating the information.
So yeah, virtually just the simplicity of usage and the tools we provide will ensure that anyone
globally can participate in the effort and of course create data.
Okay, thank you so much for answering my question. Thank you.
And I think you also for a question. Thanks for the questions from the audience today.
Unfortunately, we've run out of time. But as we say, well, coin talks for education and research
is not financial advice, but we recommend you check out the website, the white paper.
And if you've got any questions after the spaces today, you can go to the socials for
either London has been great speaking to Alexis today. Thank you very much for coming.
Yes, and thank you for having me. And I just want to add that on top of going to our website,
and we have a better way we have a new blog section with interesting things you want to check
out. But especially in the coming in the coming days and weeks, as we go towards our
crowdfunding, which is launching on April 9, we are going to release a lot of documentation.
And when our platforming page will be ready on the platform, we'll be able also to access all
the documents we've provided all the information early looks at the rewards we've built all the
new NFTs, also the merch we've conceived, etc. So yeah, please follow us stick around and make
sure to follow our updates. And bear in mind the April 9 states because that's where you're going
to have all of your questions answered.