Shukyee Ma on NFT communities and smart containers at Overeality

0:01I'm ashon Addison from blockwest capital for investment pitch media and the Crypto Coin Show and today on blockchain interviews we have Shuki ma the CMO of over reality Shuki welcome to the show and thank you for taking the time to come on hi Ashton this is Shuki from over reality Labs so I'm just going to do a little bit introduction on over reality Labs so over reality is a MTI

0:25chain metaverse infrastructure with ZK proof knowledge zik proof technology providing high scalability and interoperability for nfts and metaverse we also opens up this design space for metaverse and nft through infrastructure Innovation including smart nft containers Dow Dao and daak daac system and decentralized web three identities

0:53We also develops a wild range of D app developer and metaverse communities including Dow ecosystem bringing massive users from The Real World to the metaverse amazing thank you for that intro and that's definitely a lot to unpack so let let's dive in a little deeper you mentioned there about the nft communities getting them involved

1:20into the metaverse I'd love to hear a little bit on you know how over reality got into this and sort of what the main focus is of the nfts and the Met part sure sure so we are a people powered metaverse infrastructure platform which means that we encourage out of the public users from web to can you know we can make them smoothly Transit from Web Two to web three and also we

1:49encourage them to do their own design content in the Dow and in their metaverse land so this is how we you know help them to land safely on the we through World great and you mentioned there also about smart nfts is that a technology that over reality has created and what does that mean yeah so SM smart nftd containers is a nft containers that's

2:18going to be designed for the ERC 721 and ERC 1155 or other nft you know ERC protocols so what we're trying to do here is that you know in that smart nft container we make the nft no more dumb you know they're going to be super smart they're going to be programmable upgradeable and also scalable so this is how we can you know combine different nfts from different Dows to different

2:46blockchains to even different projects in both web 2 and web 3 so this is how we connect the nfts in different worlds cool and how long has your team been working on this technology so smart nft so we've been working on it for several months so we started with the ZK proof technology because we try to combine the smart NFD containers with the ZK proof technology together to make

3:16it smoothly Transit from Web Two to web 3 and also make it you know first step it's going to be trans trans it's going to be transferable from you know different Dows so with the ZK it's going to be easier for the smart nft container owner to you know log in from web to world and also they can put their property in this SM nftd container so in the next

3:43month we are going to launch the demo version we definitely encourage and invite all of you guys to try over reality. so you can see how the smart nft container is working and also we're going to air drop some free utility nft for guys to try interesting and you mentioned about nft communities I'm curious if the technology is to help

4:11build you know different nft communities around or are you specifically talking about you know the over over reality Community itself so we are the we're what we're going to do in the future is going to be a packaging land for Dow established so think about it so one day you Ashton or me Shi like I can you know launch my doubt I can initiate my doubt by one

4:40click so this is how we're going to work on the product so we are trying to empower everyone to have the right to initial to be the initiator or the initiating team of a doubt so we are going to offer a template so the template including how they're going to share the how they're going to share the revenue so the revenue model of nft cell and also how they are going to work on

5:06their toomics and we are going to help them to understand how their nft can be used in that Dow community so that's called the nft utilities so also we are going to introduce the nft smart nft container for them to you know kind of make the combination or combine all the different DS together closely so this is the product that we're going to

5:33present to the public once we devel develop all of the technology including the smart nftd container the EIP that we are working on and also the ZK proof and this is how we empower the nft community so out of the doubt it's going to be super easy for you like every one of you to establish or initiate and also you can share the STA decentralized

6:00autonomous organization or this deck decentralized autonomous company with your friends family members your followers Whoever has shared the same interest with you so for example like we are incubating that yoga d right now on over reality land and the initial AER Max Beringer he's actually our yoga coach so over reality Labs we have

6:28really good you know company culture we do yoga every week and then you know we realize that hey why don't we establish this yoga de on our L since we're all yogis right and our coach you know Max he's he was super excited he was like yeah but I don't know how to establish that but I know I know like I am super professional at yoga I know how

6:54to do yoga and I know how I want a reward to my yoga fans so what about we do it together and you guys teach me how to do this land do this dowland and I will let you know my power my core power of my yoga so this is how we began and then we figure out like a package and we figure out that you know Dow launching actually matches with our smart nftd

7:22container idea so it matches like perfectly because you know with that smart nft container people can equip you know the yoga D token and also the yoga D nft inside so it's going to be like a class pass so we're thinking about like we're thinking a lot of like flexible way to you know make it like a combo ABC that's going to fit with different nft or metaverse or Dow

7:52communities in we so this is how it begin yes and you mentioned their over reality land as well have you guys developed your own metaverse or are are you also working with other metaverse platforms as well so like we are super flexible because we are the nft technology provider so think of us as the service provider so we're going to develop the

8:18SDK or API for other metaverse land but eventually so we're we're launching different Dows currently So eventually we will have our own land but we will and we hope that all of our land you know Dow lands going to be everywhere they're going to be multi-chain so we planner with different you know blockchains like top tier blockchains and then we are trying to make them to

8:43be super popular at different chains so their their Dow token can be launched on different you know metaverse land or you know different blockchain different deck different exchange platform there Dow nft can also be used in different games fights you know metaverse and you know different fights so we're we're thinking about a world that is going to be a

9:06blockchain world that's going to be easily connected with each other so we are trying to make our doubt and the Sha feel comfortable to launch on over reality land because we don't want them to be stuck only here we want them to be everywhere to be scalable actually yes okay great to know and I'm curious if you're also developing you know you mentioned dropping some utility nfts

9:34are those going to be you know native nfts to over reality or are you just looking at you know partner Community you know as you mentioned like the yoga da but is over reality themselves developing nft collections or for that matter governance tokens or cryptocurrency as well yes so first of all for the utility nft yes we de developed a series

10:01of you know utility nfts that's going to be used on you know getting our oills so oill is our act to earn rewarding tokens on over reality lens so this is how it work so we're going to develop the utility nft and by equipping that utility nft on your smart nft container passport you are going to gain more you get to mind more o fills so

10:31this is a really simple way and then later on we encourage every you know designers or the content generators from different Dows to design their own utility nft that can be equipped in the smart nft container too and that's for the nft part and also for the token part yes we have our own governance token that's going to be o and that's going to be that's going to be used

11:00for every you know defi related activities including like buying the tokens buying the buying the Dow tokens and you know be on the exchange platform and also oill is going to be a incentive incentive token that's going to be rewarded to the users in over realy lens so for example as the doubt initial aor once you submitted the doubt proposal like we think this is

11:28really interesting and night and we are going to propose it we are going to present it to our over reality users they're going to vote for the Dow proposal they are like yay we like this Dow and we want to you know establish together so once they join the Dow as the initial members and then we got this like initiator of the Dow the whole Dow you know the core member the whole doubt

11:52treasury we're gonna we will be embedded with a certain amount of old fills as the grant so this is like the ACT to earn so we're rewarding to the people who has like important contribution to this like over reality ecosystem amazing and is that available right now or what's the time frame for when those and the token are out

12:22so for the smart smart contain smart NFD container and the utility NFD is going to be out in May and for our token as they are going to be out in between like July and August we are still working on it so we're we try to get listed on top you know exchange platform and we are trying to get more strategic partner before we launch the token ensure the utility and the you

12:49know liquidity of our tokens good to we also want to build a product before we you know list our tokens yes definitely and what is the best way for people to follow along get involved with those communities that you mentioned and follow along with over reality land and the token launch and everything yeah so definitely like on our website over

13:18reality. you can see every event that's going on right now and also like on our website on our like overy line you can click into the community ities and you will see a lot of you know current communities that's working on their Dow proposal their Dow you know voting Dow governance like Dow play to earn so we're going to launch more Dow in the future and also on our Twitter so

13:46over reality nft you can see our you know like latest news and we also make a lot of announcements on there is especially when we sign a contract and you know agreement with celebrities we always announc the agreement announcements on there and also on Instagram because sometimes we are going to inter interact with the celebrities too and definitely Discord our Discord

14:11Channel we have super amazing weekly Ravel that you can win a lot of oills and also we have a lot of Dow activities there you can vote for your favorite Dow you can launch your D before we actually launch the smart nft container because you're going to be on the wh list and also don't forget to join our wh list because you know our way list we are going to send you the oill and also

14:35you're going to get the Early Access to different communities different doubts in the future awesome thank you so much Shuki I will leave those links as well and for the wait list in the description box below all the best with everything over reality and I appreciate you coming on to speak about this and let's follow up in the near future sure thank

14:56you