Alex Shkor on DEIP's fractionalized NFTs for real world assets

0:00i'm ashton addison from block west capital for investment pitch media and the Crypto Coin Show and today on blockchain interviews with alex score the ceo of d-e-i-p alex welcome to the show and thank you so much for taking the time to come on it's my pleasure esther and thank you for having me here you're very welcome i'm excited to dive into the world of nfts but not any regular

0:24nfts this is and the platform is much more than just nfts but what i'm most excited about is this intangible assets and being able to tokenize and bring in the real world into the crypto sphere and i think that's going to have a huge role in expanding out this innovation that we have in the blockchain industry to people that didn't know that they could unlock

0:49value and potential in things that they would have never expected so it's i think it's gonna be a very interesting discussion i would love for you to kick it off for us alex with an overview of deip and some of the solutions that you're looking to drive into the market yeah thank you thank you ashton so yeah i indeed agree that like bringing real world assets to the chain

1:13to like our industry will unlock like really and un unfriends unprecedented like potential because like we have like our crypto is focused on descriptor but there are so many assets beyond crypto and specific intangibles because they are not that utilized in real world and what we're building we are building a protocol for creator economy this is

1:41basically a protocol for tokenization in governance of intangible assets because all the creators produce intangibles and if we put them on chain and taking ice it will not only give like opportunity to govern these assets with dollars for example but also will unlock liquidity for this asset this is like what crypto industry does really well this is

2:03like why it's important to bring this assets these tools develop for liquidity of the assets encrypted industry can really boost development of all the other industries definitely yeah and that's a great intro and i was reading through deip's site about the creator economy and unlocking that value and with intangible assets you know there's so many

2:29different things that intangible assets could be you know where do you start maybe you can talk about you know your focus and your team's focus on the creator economy what that specifically means and where do you start with intangible assets yeah so it's it's very good question and regarding where do we start so because we're providing infrastructure for

2:52others to create platforms for the condition of assets in any industry is its movie scripts inventions human capital music whatever you name it but we provide not only a toolkit but we also want to lead and show how it's possible to use our tools to recognize assets in any industry and we did select a couple of industries to showcase how

3:18it's possible one industry is technology transfer it's basically the organization of inventions and in other industries tokenization of human capital this basically subscribe for bootcamps to recognize income share agreements and why we did select these two industries because they kind of opposite on the spectrum of the assets so on one side of the spectrum there's like high

3:42risk assets with potentially higher profits like this is inventions technologies and another spectrum these are i say agreements which are like rather low risk but also very limited returns and we believe that like all the other assets lay somewhere in between so this is why like we want to showcase how it's possible to do this with these two

4:05use cases and let's other implement their own great i think that's a great way to go about it as well because you know with a lot of these decentralized platforms i think community inclusion and growth driven by community as well it is super important to have everybody have the tools available and then be able to create what they want from those

4:29tools and i was reading that part of this process of tokenizing the intangible assets uses nfts but it's not like a regular nft or something different about it can you talk about what's special about the nft process on deip and how it's different from a regular nft yeah so because we use and intangibles from real world for the victimization process it

4:57requires specific legal compliance and so on for intellectual property recognization so we developed like some regulation framework this went was as well for this but basically in order to recognize some assets you just need to have a legal agreement which can attach some like economic or governance value to the to this token so basically you can

5:22attach their like rights to whom you can transfer this assets to you can license it assets whatever like any any any rights and any economic value like some royalties which are coming from these assets like some profits from curations also you name it so any economic asset basically this is a way how assets are recognized on our platform great to know and yeah definitely need

5:48to make sure you have those intellectual property rights lined up when you are creating something as a creator because that's important especially on the resale you know if the assets are being moved around by multiple people and they're an nft or you have the coding in there then you're going to be getting royalties which is something that you wouldn't normally be

6:08able to do with traditional intangible assets usually once you sell it's gone so there's definitely a huge advantage there and now i'm curious a little bit more on the process of once assets are tokenized and they're using this fnft you know signature tokenization method that deip has how do you actually increase the liquidity are able to sell the

6:34intangible assets easier you know is there a marketplace with dip deip or how else are you able to help boost the liquidity by tokenizing these assets yeah so it's a very good question because like basically this is the main usp of the protocol to boost liquidity of these assets and on in on any stage because when you just develop these assets boosting liquidity allows

6:57to get more capital for further development of these assets when it's done liquidity increased commercialization potentials assets so basically what we have is as you said already fnft framework which allows not only to issue nft on a product but also fractionalized ownership of these assets and even just been doing this it's already increased liquidity because selling the fraction

7:21of an assets easier to then compare compared to selling the wall assets especially if it's expensive one but it's just the beginning because once you fractionalize this asset you can use it as a collateral in our dynamic liquidity protocol to borrow stable coins against these assets and you just log this asset as a collateral and like and

7:46take a amount of stable coins which is calculated based on color sization ratio and you can use it to like market your products develop more more assets and so on so this is basically a decentralized bank for creators where you can just can you can just plug into this platform register all your assets and start getting more funding more financial opportunities not

8:14only for you but also for world industry definitely yeah it sounds like great added value for the creators and you know alex i wanted to just take a step back quickly and you know we've been talking about tokenizing the assets putting them on the marketplace and i wanted to get a view of where deip is at right now with all this technology how far you've come so far with what you've

8:37developed i know that there's still much more to be built and your team's going to be working on this as the industry grows for years to come but could could you give it an overview of where exactly you're at are there already creators working on this yeah so we have been building these like i will say an ecosystem of products for last four years almost

8:59already and we to this year we are launching our substrate-based test net so it's basically polka dot substrate base test net and we also launching two of our portals like one as those i named it i already named vedi for recognization of human capital for in form of english agreements and tech

9:26transfer platform for technology transfer offices and also this year we released our constructor it's basically web3 constructor to create portals for the injustice of assets in any industry and this portal will right away will be connected to jp network so we also this year launching our canadian network at least we hope so it depends how test net will

9:51will work so but and also this year we are launching our public token sale so it probably will be somewhere in the middle of november and yeah so there is a lot of a lot of things which are coming from the ap team this year for example one is one another thing is portals builder program so basically we

10:18will launch this program which will be given resources like grants for those who want to build platforms portals for tokenization of assets in their industry so for imagine you like some person from music industry and you're well connected there and you already know all the stakeholders in the industry and you wanna capitalize on this you wanna build

10:42a portal for the organization of music from your industry or like movie scripts whatever and basically charge a fee for deconstruction of every asset and basically become a portal in our network that's great and i was just gonna ask about that actually you know with creator creators coming in the early stages for the tokenization what kind of incentivizations your team

11:10has to you know be one of the first to start tokenizing and using the marketplace and growing the liquidity and so you have grants available and you know you are incentivizing creators to get on this in the early stages yeah so we are not only incentivizing creators to create portals in the network but we for every portal we also will help to provide liquidity

11:34for this asset so those who will come first and recognizes these assets will be able to benefit from dynamic liquidity protocol even more because we will subsidize liquidity on early stage so you will be able to get funding and we also will help to market this asset because we are very interested in this we were interested that our marketplace network works well and like

11:59we have a lot of usage so that's why we'll be helping all the way for every portal which comes to us that's great to hear and i'm curious alex about creators that are tokenizing intangible assets that aren't necessarily you know technically inclined or they're in an industry that doesn't really have technical expertise have you really focused the platform on

12:23catering to you know non-technical creators that might not know about substrate they might not know about nfts and tokenization and making it as easy as possible to use the platform this is exactly right about our like kind of approaches i think we want to make it look and feel like you don't even know that there is a blockchain under the under the hood so

12:48Our approach is to build build functionality in a way that it seamlessly can be used by anyone without even technical expertise and like for example one of feature we have in our network is free transactions because like it's very high barrier for people from not not from device space not from the blockchain space to pay for example for

13:15transactions like for inviting people into your dao and so on and we realized we need to create a functionality which will allow doing the things for free like kind of so just like we're very very much focused on greeks and how to make it really a smooth experience for anyone because like we want to boost adoption we want to like not only capture the existing

13:41market we want to expand it like drastically for every every player in the industry definitely definitely i agree and with that expansion you know as your team you've already been working on this for four years but i'm curious on your vision in the long term you know four to even eight ten years down the road when the platform's running there's tons of

14:02creators tokenizing and tangible assets and easily providing liquidity to sell or buy them really easily you know what do you think is going to be the key factor to success for your team in getting that mainstream adoption and being the go-to platform for tokenizing intangibles yeah i think actually like recently i realized that the number one thing we

14:26need to worry about is how to be as transparent as possible as open as possible as inclusive as possible just to let anyone come to this ecosystem just to not try to be a like a middle man anywhere so that like if we're building for example portals we want to make others also be interested to build the same portal because we just we don't want to capture value of these

14:52specific assets like for ourselves we want to just show how possible to be done like for example if there is a constructor we don't want to be the only constructor provider in the ecosystem we also want to try others to do the same so this is basically our approach and we believe this is like a go-to it's a good go-to approach for anyone in crypto industry

15:17definitely i like that answer and for the viewers that are looking to follow along you mentioned that there's more updates coming in november there's a token launch as well you know you're growing up the substrate technology what's the best way for the viewers to learn more about deip get involved within the community and learn more yeah so basically like visit our site

15:40the ap dot world there will be like major updates coming soon like this september i will release new website and there will be like also some tips of what they can start doing already right now with us also follow us on twitter we will be announcing our portals builder program so if you want to build a portal fatigation of assets in your industry

16:08just follow us and we will be the best interest point for you so we will do everything possible to make it experience smooth and easy for you great thanks alex i will leave those links in the description box below as well all the best with all of the updates that your team's working on with deip and let's follow up in the near future sounds good thank you ashton

16:35and hope to see you next time