Episode Transcript
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SPEAKER_00 (01:27):
G M G the echo right
there.
GMGM.
And welcome to my TED Talk.
Yeah.
Gonna get started here in just asecond, just pinning a couple
things up at the top of thespace.
I see ECW in the building.
I see Adh in the building.
Thank you guys for pulling up.
(01:48):
It's gonna be an exciting space.
Um definitely excited to getinto this topic.
Um, you know, RWAs um and youknow, kind of the trends that
are surrounding them and andreally the value that it brings
to the space.
Um it's something that a lot ofpeople, you know, some people
kind of automatically click withit and they and they get it, and
others, you know, may need alittle bit more explanation.
(02:11):
So of course we like to put thisstuff where people can find this
information and of courseutilize it to continue to build
in this space.
So again, welcome to our TikTokpodcast.
This is a live discussion that Irecord here on X, where we
highlight news, innovation,education, alpha, and business
development in the Web3 domainand digital identity space.
(02:32):
Uh, I am your host, Marcus, akaWin Airdrop, the founder of
iHeartDomains, and we are yournumber one resource for unbiased
web3 and blockchain domaineducational content with over
150 tech talk episodes andYouTube videos produced and
archived over the past threeyears.
Um, if you want to search ourentire podcast archive for any
(02:52):
prior recordings or aneasy-to-read blog overview of
each episode, you can easily doso at iHeartDebains.com.
Um, or if you want to uh listento any prior recordings in
podcast format, uh you can do soon Apple Podcasts, Spotify,
iHeartRadio, or you can godirectly to TechTalk.host and
(03:13):
you can see all of our priorepisodes there as well.
And again, most of our episodes,if you're trying to learn the
basics, not even the basics, ifyou want to learn the entire
world and concept and theroadmap for digital identity,
blockchain, and web 3, it's beenlaid out over the past three
years.
So uh, you know, definitely agood listen if it's something
you want to catch up on.
(03:33):
Also, speaking uh of uh you knowlearning the space and a
resource out there to kind of gofrom zero to a hundred, um one
of our uh latest projects, uhlearnweb3.xyz, um, it is live.
Um, one of the things that wedid recently change um is we've
made it free and accessible toall, um, you know, but maybe
(03:56):
even indefinitely, I thinkthat's going to be the plan.
So uh learnWeb3.xyz is aneight-module self-paced
certification course uh forthose really looking again to go
from zero to understandingblockchain and why certain
things exist.
Um, if you're having a strugglecommunicating what web three
domains are, this course willhelp get somebody to the point
(04:17):
of understanding what they areand even to the point of wanting
one.
Actually, by the time they'redone with the course, the course
instructs them on how to get oneand they'll already have one.
Same thing with anything else.
If you're trying to explain anyconcept in the space, NFTs, uh
uh, you know, yield farming,DAOs, we cover it all, and I
cover it all from a way thatanybody can understand.
(04:38):
Um, so again, learnweb3.xyz.
I intend this to be again apublic tool, so something that
you can share with anyone uhthat wants to learn the space.
You can use it in your uh youknow process for onboarding.
And as you guys may have seenrecently, um it is the center of
a recent campaign that uh, youknow, is going to be pretty much
(04:58):
a permanent campaign uh ofpushing this in front of normies
and influencers and entertainersand basketball players and all
that stuff because I got themkind of connections and I and
you know I have enough love andand and enough dedication to
seeing this platform grow andbuild, and I really think that
it will be an extremely powerfultool uh again for onboarding.
(05:19):
Uh, one of the things that I amlooking forward to with this
particular platform, uh, so it'snot just a course, uh, so it is
the course, uh, but the courseitself is expandable, meaning uh
that I'll be able to addmultiple courses to it.
So uh the first course thatyou'll see on there, that eight
module course, is actuallycalled the fundamentals of web
three and digital identity.
(05:40):
So that's the real name.
The website is learnweb3.xyz.
Um, there will be additionalcourses in the future, such as
uh, you know, building AI andagentics.
There will be courses on, youknow, NFTs, on setting up a DAO,
on to like there'll be prettymuch courses on anything so
people can dive into their ownniche.
So again, learnweb3.xyz, shareit with a friend.
Um, and then lastly, uh we'vegot uh our registry is available
(06:05):
for anyone who is looking for acool and unique Web3 domain
name.
Uh, we currently own the TLDs.
Uh well, among others, uh, someof our premium TLDs are.dgen,
dot exchain, and dot DeFiwallet.
Um, if any of those TLDsinterest you, you can easily
mint your name on either one ofthose by going to
iHeartDebains.com, and thenyou'll see the buttons right
there on the front screen whereyou can click uh to mint either
(06:27):
one of your choice.
And of course, uh these will beminted on free name.
So you will own them forever,and there will be no renewals.
Yeah.
All right, let's get into themain topic at hand.
And if any of uh anyone in theuh uh in the audience right now
wants to come up on stage,please feel free to uh request a
speaker roll.
Uh come up.
(06:47):
I'd love to have some uh extrainput into the conversation.
Uh but the main topic of today'stech talk is tokenization and
RWAs and why blockchain changeseverything.
Um, so again, we're we're divinginto a topic that sits right at
the intersection of finance,technology, and ownership.
(07:08):
Um, blockchain is rewriting therules of how we own and build
things together.
And today I want to exploreeverything from real estate to
businesses to even our web 3domains and brand names and how
they can live on-chain isbasically digital assets.
Um, I want to talk aboutfractional ownership.
You know, this is anotherconcept that allows people to
(07:29):
co-fund and co-build and how thesimple act of mirroring an asset
on a blockchain can changewhat's possible for everyday
people and for builders and foranyone uh, you know, who's
trying to raise capital or wantsto invest in something.
Um so like think about howownership works today in the
traditional space.
If you want, and this is uh arecent like example of this or a
(07:53):
case study of this just recentlycame up uh with the the domain
techno.com.
And uh there's a few spaces outthere where you can go into kind
of uh the situation with that.
But if you and a co-a friend orfamily want to co-own a
building, oftentimes you needlawyers.
Uh, you're definitely going toneed a contract of some sort.
(08:13):
Uh, you may need to set up somesort of legal framework like an
LLC.
Um, if you want to invest in avaluable domain name or a piece
of art with a group of people,you may face an even harder
process and process that, youknow, quite frankly may have
some loopholes for trust and mayset you up for loss.
Um, paperwork can file up or canpile up.
(08:36):
Um, there's going to be feesthat are going to be paid, and
these records aren't reallystored in a place that is
secure, that can't be, you know,lost, damaged, or again, you
know, fraud can be introduced inthe air.
And that's the beauty ofblockchain.
And this is where we we we tryto narrow down value and
simplify it for where that valueapplies to what people are
(08:57):
looking for.
As a storage of assets, as animmutable ledger, blockchain
literally flips that script.
When you either tokenize anasset, or if an asset is
tokenized, or if um, you know,whatever's connected to that
asset to represent anauthenticity, when you tokenize
that, it really represents realownership.
(09:20):
It's a proof of ownership that'sinstant, it's borderless, it's
transparent, and mostimportantly, it's immutable and
stored on-chain where peopleknow that no one can change it,
and at any time anyone can auditit.
In most of these cases, with thetechnology that's being created
on-chain to tie these to RWAs,these tokens aren't just a copy
(09:41):
of the asset.
It's literally a claim to theasset itself.
Again, recorded and verifiedon-chain and using smart
contracts to execute redemption.
And I've seen a lot of differentexamples of this that I won't
just ramble off and go into, butI'm talking about people are
using tokenization fromeverything from baseball cards,
I swear to you, in comic books,all the way up to you know,
(10:03):
complete parcels, 100 acres, 500acres of land, uh, and
million-dollar domain names andeverything in between.
Art, all that good stuff.
So, again, uh breaking it downwith something familiar.
Real estate is probably one ofthe easiest ways to kind of
imagine this, uh, you know, uh,or see where this has value.
Um, you know, imagine a downtownbuilding that's worth like$10
(10:27):
million.
Um, with the current investmentspace, traditionally, only a few
wealthy people or one biginvestor is able to come in and
acquire that type of property,right?
But with tokenization, thatbuilding can literally be
represented by 10 milliontokens.
Uh, the same way as you know, ifyou own some Dogecoin, you you
(10:48):
essentially own a piece ofwhatever the the uh whatever
size Dogecoin is, a couplebillion dollars in net worth or
whatever it is.
But the point being is whyowning these tokens with these
fractionalized assets, it makesit extremely accessible to more
people to invest, and itactually can make something a
lot more liquid and can uh umcan enable the person on the
(11:10):
other end who is trying to sellsaid building for$10 million uh
to be able to access thatcapital a lot quicker.
Uh, there are a lot more peoplethat have that have less than$10
million than there are peoplethat do have$10 million, just in
case you needed that math.
Um so again, now you X you openthis access to people who are
great people who may haveinitiatives that align with this
(11:32):
building, such as a teacher or acollege student or a small
business owner, and you'reopening uh uh you know, you're
opening an accessible part of itto ownership to everyone.
So again, fractionalization hasmany different ways that it can
be set up and structured.
You don't have to sell the wholething at the same fraction.
You can fractionalize part andsell uh have part represented by
(11:53):
a million tokens, you can havepart of an asset that's funded
or co-owned by somebody who justuh uh you know writes one check.
Um the beautiful thing about theblockchain is that a lot of
things can be split into amillion pieces.
And because we have smartcontracts and the technology
behind it, these things areoperating behind the scenes and
they're all permissionless.
Um, so now, even uh movingforward from real estate, this
(12:17):
same concept soon will translateto actual businesses, right?
And this is what we're talkingabout as far as fundraising.
Instead of selling stock the oldway, starter can simply just
issue on-chain tokens thatrepresent equity or revenue
share, or you know, in the caseof a lot of tokens, it could be
a community-powered uh uh youknow, currency or something like
(12:37):
that that's used uh, you know,within the community for rewards
or something like that, etcetera.
Um, funding happens, of course,when you launch a token, this is
something that happensinstantaneously.
You can go from no funding,right, or or bootstrapped to
fully liquid overnight if you'vegot the right hype on a project
and you're on-chain and you'vebuilt the right community and
(12:58):
have the right you knowtokenomics and all that good
stuff.
Instead of a process that couldtake months or even longer, uh,
as a lot of red tape, you may,you know, you're only able to
open your doors to accreditedinvestors.
You yourself have to go throughuh a process of business in
order to raise funding.
Again, and and not saying thatyou may still not have to do all
(13:19):
those things.
Please do not take thetechnology as legal advice.
You may still need to repres uhto register yourself as a legal
entity and and uh indicate insome way, form, or fashion in
your jurisdiction that you'reusing uh some form or method to
raise funding.
But my point is that thisfunding is instantaneous, it's
more accessible, it uheliminates a lot of the red
(13:41):
tapes, all the fees, and it'ssomething that anyone can do.
It's not just um you knowrestricted to people who
basically have access towhatever resources they're
already doing.
From anything from a smallbusiness to a corporation, um,
you can use this to not onlyraise funding, but in the
future, we think entirebusinesses and LLCs will also be
tokenized and placed on-chain aswell.
(14:02):
So you may even be able to exityour business um on-chain or
give people again actual equityinstead of uh just
representation of it.
Um and then obviously we have uhour digital native assets, um,
such as domain names.
And this is where uh a big uhwhere most of our conversation
is centered um over the past fewweeks.
(14:25):
If you for those of you whodon't already know uh Freename,
uh, which is the company that Ipartner with and I am a customer
service and success manager for,um, we have recently announced
that we are launching a platformcalled Demora.
Um and Demora uh so and Demoraworks uh in tandem and utilizes
uh our own tokenizationtechnology that we have already
(14:48):
with FreeName that we callmirroring, which essentially
allows you to bring over yourdot com to our registry, create
an on-chain mirror that is thenmarried or connected uh via
smart contract and digital keyto your uh so you'll have the
NFT version, and then you'llstill have your web 2 version.
And then this copy, this digitalreceipt, this digital asset
(15:10):
essentially represents ownershipand can be used to do all those
things that I just said, whichis fundraise, transfer, sell, do
whatever you want to with it,right?
You own this, uh you own theNFT, essentially, you own the
domain.
Um, what tomorrow is going todo, of course, is it's going to
take it a step further, and it'sgonna take this technology and
(15:31):
put it in a user interface thatpeople can actually utilize to
fundraise or to fractionalize umor to gain or uh extract
liquidity for their domain.
So this technology isn't just mesaying it, right?
It's not something that's atheory.
There's gonna be an actualplatform uh you know that's
launching extremely soon whereyou'll have the user interface
(15:52):
that you'll be able to go inwith a couple clicks and
actually actualize this.
And I mentioned DeMore becauseDeMore is related specifically
to premium domain names, whichis what I want to talk about
next.
So um, super premium.coms,right?
Um everyone wants to own, youknow, or have some sort of stake
or ownership in the best.comsbecause I mean, if you haven't
(16:15):
been listening to the spacesover the past couple of years,
best.coms are solid assets topark money into.
Um, the only problem with thebest.coms is just like the
problem we said above withpremium real estate.
If you don't have millions ofdollars, a super.com, an AI.com,
and anything like that of thatnature, it's just not accept
(16:36):
accessible to the averageinvestor.
And the problem is that what theaverage investor then does when
they can't access that type ofreal estate is they, you know,
they hand register.
And I'm I'm you know, I'm I'mguilty of that, right?
I've I've built the you knowmost of my web 2 domain
portfolio from hand registering.
And I can promise you that whatI've hand registered is nowhere
(16:59):
near the quality, but I'm notable to buy in the premium
domain space.
And many are gonna findthemselves or selves in the
position, and and I'm in thesame position, well, I'd rather
own a piece of something that Iknow has value that I know will
eventually increase in valuepotentially.
Like we're not promising that asa platform, but me doing my own
(17:20):
due diligence on the dot comitself.
If if I wasted, you know, if Itake the thousand of dollars
that I wasted potentially on thehand registrations and I parked
it in something else, likeagain, you know, we see
narratives that are poppingright now.
So let's say you were able to,and and this is just
speculative.
Let's say something like anAI.com was on the platform, you
(17:41):
were able to purchase it whenthey listed it or fractionalized
it at the$10 million value.
Then let's say it sells for$100million.
That money is better well spentby having a fraction of a
premium domain than it is byspending that money on, well,
what really my accessible assetclass.
Um, so again, going back toDeMar and going back to the
point of bringing assets likethis on chain, it makes it more
(18:04):
accessible to more people whoare out here who want to
participate but can't.
And if you're sitting on anasset or a domain that's worth
millions of dollars, you'reprobably having a time selling
it, right?
You you have to look for aspecific person or group of
people that have that type ofmoney.
You've got to do your song anddance and make that sale.
(18:25):
You've got to communicate thatvalue, and Lord knows how long
that process takes.
And again, to shorten that loopfor everybody, bring it on
chain, create an environment orcreate a UI where everyone can
participate fractionally, orsomeone can now come with their
$10 instead of having to comewith 10 million.
And trust me, there are millionsof people that will line up if
(18:46):
the opportunity is good enough.
So um bringing uh domains onchain.coms, dot AIs, anything of
uh of value.
Um, again, uh this is going tobe a great way to add more
participants in space.
This will be a great way toco-develop some of these assets
as well.
Um who was it, Andrew Rosner uhrecently uh did the same thing
(19:08):
in a way.
It wasn't on chain, but it's uhuh there was a fractional uh
ownership opportunity that hedid on MJ.com through a platform
I believe he has interest in,which is called Rally Road.
Uh, but in like a case likethat, like an MJ.com, right?
Uh MJ can stand for literallyanything, but I think most
people come to the conclusionthat it may stand for, you know,
(19:29):
that's icky icky.
And despite the like how manypeople may feel about it,
there's a huge community outthere that loves that that plant
in a bunch of different ways.
And something like an MJ.com mayhave value to a community like
that that may want to co-fundand co-build whatever concept or
(19:54):
whatever, you know, whatever itis that they have, road roadmap
or vision towards the future.
And being able to own thingson-chain, uh uh, you know,
through platforms like the onethat uh is about to be launched
by Freename, um, and creatingthings like DAOs, where these
tokens that you now own thatrepresent ownership of this
domain may potentially nowrepresent votes and things like
(20:15):
that, um, you can essentiallycan crowdfund the domain and
then now crowdbuild the domainwith the same people and already
have a DAO infrastructure behindit to manage everything in the
back end.
And this is literally the futureof building.
Um, for those of us that arehearing it now, it's, I mean, we
exist in the now, but whenothers start to come on chain,
(20:35):
when our kids grow up and startto get online and on-chain and
start building their business,this is all they'll know, and
this will be the norm for them.
And this is why we now have tostart thinking builder to
prepare, uh, start startthinking bigger to prepare
ourselves and you know, quitefrankly, to put ourselves in the
path of success when this beginsto happen.
Again, when assets live onchain, if you've ever been a
(20:57):
part of like an NFT launch or oruh any type of token launch, it
ain't I don't know howbusinesses get launched and like
the like you you hold a grandopening or something, but when
these tokens, when you talkabout the crypto space, the web3
space, I've seen launch partieslast for like two or three days
on X Spaces where people arejust giving away money.
(21:19):
It's it's really a party, it's avibe, they're playing music.
When assets are on chain,funding and building can become
really a community event.
And now you're able to co-fundyour projects globally with
people who have never met youbut can trust that smart
contract.
They can trust what they can seeon chain or on the blockchain
(21:40):
because the blockchain works.
And again, many people who aregoing to start coming to the
space are only going to trustthe blockchain because this is
what they're going to learn.
And you not being on chain isgoing to look how it looks.
Um, so um now I wanted to dive alittle bit into um, well, so and
(22:01):
I want to dive in a little bitinto trust because I think this
is a big part of it as well.
And this is going back to theconversation that I had
referenced earlier about uh, youknow, the techno.com thing.
Um, not only is there uh a veryor can be uh you know, a very
costly and legal process to evenset yourself up, um, you know,
using traditional paperwork tobe able to, you know,
(22:24):
essentially issue shares orissue co-ownership of your
company or asset to someone, butthen there's also this trust.
Um, so uh I recently got to goout to Vegas and um uh to the
Ishmael's Demainer Expo, whichis actually where I met the
owner of Techto.com.
Um, and right after the expo,um, as I was in the airport,
Ishmaeli had his spaces and itwas a very good spaces.
(22:47):
Um, and a lot of input came fromtraditional domainers.
And of course, you know, many ofthem who don't understand
blockchain at all, um, you know,of course, their their first
retort is, well, you know, ifyou write a good enough
contract, or you know, if if ifyou got the contract,
essentially, you should beessentially able to do exactly
(23:08):
what you know, fractionally orfractionalization is doing on
chain without having to use theblockchain, you just you you
could just do that.
Why would anybody want to go onchain?
And the point that I got to makethere, and this is one of the
biggest points that I think alot of people miss about the
blockchain, is trust.
So, even with a contract, right,you have the best contract in
(23:29):
the world, contracts still haveto be enforced.
So you need the money to createthe contract to begin with, then
you get your parties in in linewith the contract.
But if anyone breaches thatcontract, it's not like you
could just walk over there andget whatever it is the remedy uh
uh you know that's specified isfor them breaching the contract.
If per se, uh, you know, in adomain, right?
(23:52):
Um if you have a piece of papercontract with your friends on a
domain name, they own fractionalownership of it, and then you
choose to go sell it from outfrom under them or you know,
forget to renew it or somethinglike that, like how can they
actually I mean, how can theyactually force you to you know
to execute any recourse?
(24:12):
Um and again, like so in andwith the legal process, many
times people you know canexhaust themselves uh you know
in the pursuit of of whateverthe remedy or damages were for
the agreement that they're in.
What blockchain does isblockchain introduces this thing
called smart contracts.
And this was what was fun toexplain during that space.
(24:33):
But what a smart contractessentially does is you can
program those exact same rules,the same rules that you would
use to govern a real contract,you can put those rules into
basically a blockchain executedcontract.
You can then take this asset, sothis is where things need to be
on chain.
You take this asset that is nowtied to this physical RWA or to,
(24:56):
in this case, this domain, andit sits within this smart
contract, and any other uh sortof collateral or any other
recourses agreed to, thosethings are pre-funded and are
connected to the smart contract.
And then if a breach happens,those things are then
immediately executed, and thatis the end of it.
(25:16):
And this is the blockchain.
The blockchain works on if itdoes this, it does that.
Um, you can program immutablesmart contracts that govern
relationships so that you canremove trust from any of these
interactions, and by doing so,you may be able to fix the
problem that that gentleman washaving that we were discussing
on the space, which is althoughyou may be able to go create
(25:38):
your own paper contract,although you may be able to go
do this without doing theblockchain, most people ain't
gonna give you no money becausethey don't trust you.
And you may only be limited tofriends and family.
And so, again, for those who aresaying, Well, why would I even
consider this opportunity?
Why would I consider this tank?
Well, you've got assets that youwant to sell, it's your job to
(25:58):
sell them.
That's why you have them.
And anything that's making iteasier for you to do so is
something that you shouldembrace.
And if you're having troublegaining liquidity and you're
seeing that the blockchain hasit, so you're just worth it for
you to learn uh to learn what itis.
And again, it opens so manydifferent doors, it creates so
many different creativescenarios where you don't have
to sell your entire domain tosomebody.
(26:19):
If you've got a domain, like forinstance, I've got a few domains
that I think are high value,like befy.build, right?
Um, they say never to fall inlove with your names.
I say don't tell me what to do.
I love dfi.build.
I want to sell dfi.build becauseI would like the money that it
would make, or something likecrypto.it.com.
(26:40):
But when I first had thesedomains or first purchased these
domains, I went through the sameprocess as everybody else does,
which is mentally takingownership of it, thinking of how
I could build this thing out andcreate this, you know, huge
entity with it.
And I thought of the wholevision that it creates because
that's what a lot of us do withnames.
There aren't just names that webuy, they're they're actual
(27:00):
business concepts that we cameup with, and we just registered
the name so that we won't forgetit.
Well, it it would hurt a littlebit.
I mean, it depending on how muchsomebody paid for but paid me
for the domain, it it would itwould hurt a little bit to sell
the entire thing and seebasically that dream leave with
that domain, the perfect namethat matched whatever concept I
(27:22):
came up with is gone.
But what if you didn't have tosell the whole name?
What if you could keep thatsmall percentage or even 50-50,
25%, 45%, 73.77934, whatever itis, you can use any
fractionalization amount, andyou can still keep yourself
attached to some of your bestnames while allowing the others
(27:45):
who you know may have the energyor time or the capital to vest
to build it by allowing them todo so.
So I I love the option of thethe I love the concept of
fractionalization.
Again, I love uh the trust thatblockchain adds um, you know, to
these different asset classesand making it again easier for
people, everyday people tofractionalize and um raise funds
(28:09):
basically for anything.
I mean, it's it's still up toyou to to create value in it and
make anybody want to give youmoney in the first place, but at
least they know with theblockchain, um, they have
something tangible that they canhold that represents ownership,
and then they have that smartcontract, which represents that
trust or which removes uh thattrust.
And then again, um, you know,going to co-building, we talked
(28:29):
a little bit about governance,we talked about you know being
able to, you know, kind ofco-manage these assets by using
a DAO.
That's a whole nother concept ofthe world that have to get used
to is again running entirebusinesses or running entire,
you know, nonprofits, funds, uh,joint ventures, all these things
on-chain, using again smartcontracts, um, you know, using
(28:53):
token weights, using those typeof things.
And again, these thesetechnologies are meant to remove
a lot of the burdens and a lotof the the fraud that happens in
the space to uh, you know, andnot just this space.
I'm talking about the regularworld.
I mean, think of how many um,you know, how many decisions are
are are influenced.
I mean, by people who are justbig bag holders of anything.
(29:14):
I mean, think of what lobbyists,what their job is to do.
Uh, most of us are living livesthat are being dictated by other
people.
Most of us are buying productsthat are being dictated and
voted on by other people and wedon't have a voice.
But with DAOs, it doesn'tmatter, even if you have the
smallest token, you still getyour bid in.
And if enough of you make enoughnoise, you may be able to push
it uh, you know, towards, youknow, toward towards whatever,
(29:37):
you know, direction uh, youknow, collectively is best for
whatever that project, business,entity, fund, etc.
is.
Um, so definitely uh do notsleep on DAOs and tokenizing an
asset is is really all you needto do in order to subdivide it
and and create a DAO around anyasset.
Um so again, kind of inconclusion.
(30:00):
Conclusion, this new way ofowning things on-chain, it's not
a theory.
Um, it adds real practicalvalue, and it's something that
we're already seeing.
Um, I've mentioned, you know,the first thing that I talk
about is the value with realestate.
Well, real estate is alreadybeing tokenized.
Um platform, I can neverremember it off the top of my
(30:20):
head.
Oh, fabric.
There you go.
So it didn't take me 10 minutes.
Um, one platform out there, andyou can uh you can go into your
ex um and go right into thesearch bar and type in Fabrica,
which is F-A-B-R-I-C-A.
Their platform is extremelyimpressive, and there's gonna be
more models that find it.
You're able on uh at least thelast time I used it, you're able
(30:40):
to tokenize raw pieces of land.
So essentially what you do ontheir platform is you'll type in
your AP or ATM number.
Um, every county state's gonnahave a different identifying or
property uh number.
You'll type in that number,it'll look up the property,
it'll create like a 3D mold, andit does some weird AI stuff
where it's able to find andcreate find images, or so it's
(31:04):
able to really create a salespage for you, a really
comprehensive one.
Um, it'll assign a value to thatproperty.
Um you upload uh or you uhthere's a way that you're able
to verify, like doing a notarysignature uh uh online.
Uh, I forgot if I had to do, Iknow I had to do a face
verification, all that kind ofstuff.
(31:25):
It was a little pro it's onlytook like 10 minutes.
In 10 minutes, I was able totake a raw piece of land that I
own, fully owned, and I was ableto create an on-chain on-chain
version of it, and then almostimmediately uh got a loan offer
on it that actually exceeded theamount that I paid for the land
and was able to instantly prettymuch cash out.
This exists, this existed monthsago.
(31:48):
So Lord knows where we're atnow, and more platforms and
protocols will follow.
Again, this isn't theory, thisis real value that's being
built.
And it's not going to take muchfor uh you know everyone else to
follow suit.
Um, art, of course, we know isprobably one of the most common
use cases for RWAs and fortokenized representation.
(32:09):
We call that aka r n ft's.
Um, but these things are alreadybeing collected and
authenticated um on chain.
And eventually you'll startseeing, and I think already, I
think the major art houses arealready using blockchain.
So this is something that'salready full enforced.
I think art was one of the firstthings that made sense.
Um, but now we're gonna starttalking about again deeds,
(32:30):
titles, uh, birth certificates,accomplishments, anything and
everything that has value thatcan be faked, that needs to be
either instantly authenticatedor needs to be instantly
liquidated, should be and willbe on chain.
Um yeah, uh with that beingsaid, um, as you think about
(32:51):
your next project or you thinkabout your next acquisition, uh,
whether it be real estate,business, or even your next
great domain or TLD, the firstthing you should be asking
yourself is how should I, howcan I bring this on chain?
How can I let the people whobelieve in it open own a piece
of it?
And again, us setting ourselvesup for that now will prepare you
(33:13):
for what is going to be the normin the future.
Um, you know, this is an easierway to invest to make things
accessible.
Um, somebody was, there was apoint that was being made.
Uh, actually, you know, I what Iknow who made that point.
It was Sweet Name that made thatpoint on one of the um Web
Theater Main Well talks.
This technology as it existsright now is wide open.
(33:35):
And it's wide open becausepeople don't understand it.
And that's literally the perfecttime to build because you can
build.
It's literally the perfect timeto explore because you can
explore.
If you have a small business orif you have assets that could
benefit from being on-chain,while this is wide open for
(33:55):
everybody, take advantage of itbecause there may be a time.
And that time is it's I'm sayingmay, if we look at history,
anything that is wide open andthat empowers people at some
point gets limited by people whodon't want you to have power.
Um, so not financial advice.
But now, while people aren'twhile while you're part of
(34:17):
basically the pioneer classthat's discovering what bringing
on chain is, you know, you'refirst to the party.
You're the first person to mintthat board eight.
You're the first person to buyETH, you're the first person to
get Bitcoin at three cents rightnow.
Um, and that's the same thingthat you should feel when you're
buying any asset is how can Ibring this on chain?
How can I put my domain ondemora?
(34:38):
How can I be the first person toget my domain on demora so that
I can be the first person toaccess that liquidity before you
know my government decides toshut down the way we can access
web three and tries to keep mepoor again?
Um, so with that being said, Ihope everybody enjoyed this tech
talk.
Uh again, this will be availableon every major podcast player in
(34:58):
a few days.
That's Apple, uh, Spotify,iHeart uh radio, everywhere that
you can find it.
You can easily get to thatarchive at techtalk.host, or you
can get to any of our uh uh techtalks and a block overview at
iHeartDomains.com.
Um, thank you guys as always.
Focus on your mission, not yourcondition.
Happy domaining.
(35:18):
I will see you guys.
Oh, we do got a request tospeak.
Let me go ahead and invite youup.
Uh yeah, go for it, uh ECW,whenever your mic connects.
Uh GMGO, sir.
unknown (35:31):
Thank you.
SPEAKER_01 (35:32):
This is fantastic.
A great overview.
And thank you.
I did not know about Fabrica, sofor all the stuff I'm interested
on, the virtual land and thedigital representations of it.
Uh definitely I'm making a noteof this and I'm going to share
this with a couple other people,either the space itself or once
it's on the uh the podcastsites.
Just gonna ask, um, when itcomes to demora for dot com, if
(35:53):
there's one that happens toassociate with a group of
people, maybe you know, 10,000,15,000 people would resonate
with the domain, nothing great.
Uh, but you know, uh I'll saylow five figure, maybe
mid-five-figure audience interms of uh monthly search
visits, you know, with analyticsand things like that.
Is there any stuff with Demorayet that has shown how to put
(36:16):
the dot-com on-chain, tokenizeit, and then either do the
fractional ownerships of thedot-com and also potentially if
there's a corresponding Web3 TLDthat I own that would map into
that as well?
Uh, I just haven't, you know,I'm I'm still wrapping my head
around the big picture of how todo it and you know and what the
benefits are.
Why would someone invest evenyou know$5 if I put in, you
(36:38):
know, if I make a hundredthousand shares of a, or I say
hundred thousand shares, hundredthousand tokens of a dot com and
they're gonna spend no more thanfive dollars a token?
Why would they do it and whatare the benefits versus just
getting a corresponding thing onthe TLD and token gating the the
content?
If you could just help me withthat, that'd be awesome.
Thanks, man.
Yeah, so was a general questionlike why would somebody want to
(36:58):
co invest in a domain instead ofwhat else would they buy in the
or if if I had a correspondingtoken-gated community with
private content there, or is itjust where I'm gonna be putting
the content?
Like if I token gated the thecontent and then only the um the
token holders of theDemora-based dot com
tokenization could access that,that's one way, versus putting
(37:21):
it on a web 3 or like aFarcaster or something like
that, and doing it the otherway, or is there is there a way
to kind of walk, have a foot onboth sides of the of the of the
river, one on the web twotokenized side of the dot com
and a corresponding web 3 TLDthat matches and then you know
providing content.
Is there kind of a way to gosimultaneously with both?
SPEAKER_00 (37:44):
Yeah, I mean that
just requires a little bit of
creativity.
So as far as like, can you goboth ways?
Like, I just thought of an idearight now.
Like, take and and you know,shout out to to Gal uh with
techno.com.
I'm just really like promotingthis for you, ain't I?
But take like techno.com, right?
Like let's say if or ortechno.ai, because that may
likely end up on demora.
(38:04):
So take something like that,right?
Um, it gets broken up into abillion shares, and there's a
billion people out there thatlove techno.
And so that ends up being theaudience that somehow, somehow,
finds demora and fractionalizedinvests in.
Let's say you get people fromeverywhere, right?
Um now you and and and again,this is gonna be dependent on
you know how you raise, how youput it out there, how you
(38:26):
market.
It's gonna be dependent on theplatform and what you do after
this, right?
But if you if you put out likethis this basically this concept
of you buy a piece of my domainvia this mechanism, and you
essentially are not only just anowner, but you're like a
co-builder.
And like I said, like you createa DAO behind this.
Um yeah, you you those tokens,those, those, those fractions
(38:49):
that you own, they they work thesame as any other NFT or or or
any other token.
You would be able to token gateaccess not only to the DAO, but
you'd be able to token gateaccess to literally anything uh
that you then built on it.
Uh when you talk about tyingthem into the web3 world, well,
there's a couple ways you can dothat.
So uh again, people, techno is asolid name, right?
(39:10):
Um could you issue subdomains?
I guess.
I don't know what the frameworkis to really do it that like
that scale uh on a dot com or ona.ai.
Um, you know, I don't know ifthere's something plug and play,
you're able to just issue abunch of subdomains out like
that.
Um, but if you want to, and thenof course you still have the uh
(39:31):
you know the issue of puttingthem on chain, uh, but if you
wanted to just issue pure Web3digital identity that like
people who like now co-investorsor even people outside the
community, um, you know, canstill feel like they're part of
that domain or that community.
Yeah, I mean, why not have a dottechno TLD?
And why not, you know, maybeeven give a discount for minting
for people who hold the, youknow, hold the uh the
(39:53):
fractionalized domain or give itto them for free.
You can make it a benefit for uhbecause I mean you're still
gonna have to market the launch.
So however you feel like tyingthe two together, yeah, they
marry hand in hand.
I mean, that's essentially howwe hope every business operates,
is that they have their domainand then they have their TLD
that they're now using for, youknow, either on-chain clubs or
(40:14):
um, like I said, we uh anythingfrom uh cataloging and supply
management to agent identity tocommunity identity to whatever
use case uh you know you need.
SPEAKER_01 (40:27):
Okay, because then I
was also gonna ask you if you
tokenized to say it was just anormal dot-com.
Uh technically, if if that'swhat you're investing in, is the
is the dot com, which thenpotentially you could build
adapt.
If I'm the investor and I'm justgonna make a fictional thing,
I'm gonna do a hundred thousanduh ten dollars apiece, right?
So it's a million-dollar domainjust for conversation.
(40:48):
Um, what also have they beenseeing?
I know it's really early to havea good best practices, but also
what do you think is gonna startto generate secondary market
demand so that people would wantto come in and those shares
would, I say those chairs, thosetokens would go say from$10 to
12 to 15 to 20, so that peoplefeel like they've doubled their
money and they actually have,you know, I just don't know the
(41:10):
right way to go about it becauseare they buying just the
dot-com, which you know is gonnahave a yeah.
I just want to make sure I'mthinking correctly.
So I'm doing this right as Istart mapping out the strategy.
And thank you for all this.
SPEAKER_00 (41:19):
This is a real no,
that's a that's a real solid
question, and it's one that manyhave answered, asked.
Um, I mean, the bottom line isgonna be market perception, uh,
and and the real actual valuethat has it.
So just like anything else,right?
You if you tokenize pretty muchlike well, we'll just stick with
(41:39):
domains.
We'll we'll keep this like realsimple and keep it in this lane.
So you take a domain name,right?
You take uh, well, like ai.com,right?
AI.com probably for most theconsensus for anyone is that
AI.com has value.
I don't think if you said AI.comout loud in a room, that anyone
would think that they could getthat for free.
(42:00):
I mean that anybody would sayyou should drop that or that
that's trash.
I think most people would thinkthat they're looking at a rich
person.
So there's consensus and actualvalue, and then there's there's
transactional value behind thatname, right?
It's moved, it's moved the handsa few times, there's been
millions of dollars when whenwhen you put a value on that
name, there's essentiallyresearch that you can do to then
(42:25):
validif a solidify or validateif that is in fact worth that
value or if it can increase fromthere.
And and my the TLDR is basicallyyou need to do your research.
Because going back, uh, so onthe other end, right?
If it's a domain that like Ihand registered that has no
history, uh it's likely notgoing to receive kind of that
same response or be invested inor invested in at all in the
(42:48):
same way as the domain, assomething like an AI.com.
So the the to answer yourquestion, are they just buying
the dot com?
That's all we're facilitatingthe ability to do with tomorrow,
right?
We're we're not, we're we'rewe're not we're not in the the
hope you make money game, we'rein the create the technology,
um, understand the technology,utilize the technology to build,
(43:10):
co-own, and then what happenshappens.
But for some of these things,like again, but my point going
back is like with an AI.com, ifyou saw AI.com get listed on
let's say a demora today for$10million, and you're able to own
a fraction today for$10 million,while every piece of evidence
out there in the world says thatit's worth$50 million, you can
(43:32):
kind of guesstimate at somepoint that you might be able to
five extra money if they sellthat debate, because there's
evidence that supports that.
And that's that's the processmost people are gonna have to go
through.
SPEAKER_01 (43:42):
Okay, because I was
also going back to the like the
Rosener formula, and I know it'schanged with Google and AI
overview, but typically if wedid buy a dot com, of course,
there's the entire businessmodel behind it, the perception,
brand equity, things like that.
But also, if you're able tosomehow or other acquire that
those quality links pointingback to your website and at
least raising the SEO value ofit, so even a hand wedge like
(44:04):
yours, which say you got for 10bucks, and you're gonna slap a
of a multi of value and you'dlove to have of a hundred
thousand on you know uhabcsanantonio.io or something
like that, that wouldn't no onewould perceive to have any
value.
But if you built up enough linkspointing to you from all these
San Antonio websites, you nowhave a domain authority or
domain rank in Hrefs of like a42 or something, and now that
(44:27):
could have value, but typicallythat's sold on a on a one-off
transaction through athird-party marketplace like
Flippa or uh some other GoDaddyauctions or something like that
because they're buying the SEOvalue.
But are you saying that it'spossible now to sell that same
thing?
But people who understand, say,SEO and understand that the
increased domain rank orauthority that's kind of hidden
(44:48):
there with expired domains thatyou you know, in in theory, hand
wage, but it might have ahistory and has some good
backlink history, you couldactually monetize that and make
a multiple pretty quickly.
Is that is that theoreticallypossible?
SPEAKER_00 (45:00):
Yeah, that that
would be.
I mean, it's theoreticallypossible.
SPEAKER_01 (45:04):
So instead of trying
to say, so therefore, if SEO
professionals or people whounderstand local marketing, they
all want a piece of the action,then they could jump in and
become an equity uh say anequity owner, you know, in
essence a token holder of an ofa hand rage, like you said, like
that, because you built up theauthority of it, and then they
(45:24):
would have a DAO or somethingbehind it, and you could
monetize it however you want,sell it off.
But then when the dot com issold, then the tokens get
transferred.
Hopefully, they they see uh youknow a good return on on their
investment.
Is that the right way to look atthis?
SPEAKER_00 (45:37):
That's literally
exactly how I want.
SPEAKER_01 (45:40):
Thanks, thanks for
thanks for uh clearing my head.
It's been a long day.
So awesome.
SPEAKER_00 (45:46):
And that's why I
love having these conversations,
and this is why we call the techtalk because there's there's so
there's so much potential, andthere's so many areas that
again, blockchain technology,NFTs, all this stuff.
They there's so many areas thatit fits in that it's just
impossible to sometimes coverany of it in a conversation.
When I have conversations withregular people, I sometimes I
(46:07):
can't even get past crypto'sBitcoin.
Um, and so having these type ofconversations again, a deep dive
into all these little corners tomake it make sense.
Um, you know, this is I I feellike this is a uh you know a big
necessity, education.
Um, and I'm gonna wrap up onemore time, but I'm going to wrap
up again with reminding you guysthat yes, education is key.
(46:31):
And in our case, education isfree.
Um, anyone that you want toteach the basics of blockchain,
web three digital identity, um,NFTs, DAOs, all that good stuff,
please send them on over toLearnWeb3.xyz.
Uh they can sign up for free.
It is an eight-module course.
We also have a community, uh, soit we also have like a community
in the background, a community,it's both a community chat with
(46:53):
events, all kinds of stuff thatwe're able to set up.
Um, I'm gonna get more active inthere again as students start
coming in there.
We actually have over two dozenstudents in the community
currently, so um, not bad sofar.
Um, but yeah, uh invite anyoneto join the course, then they
can join the community.
Um, posting uh various differentjob postings each week for
anybody who's looking for a newcareer in Web3.
(47:15):
Obviously, a prerequisite ifyou're looking for a career in
Web3 might be that you knowsomething about Web3.
So hopefully you see theconnection.
Take the course, get the youknow, get the borderline or
baseline experience that atleast can get you to the point
where you can apply for thatjob.
Um, learnWeb3.xyz.
And again, thank you guys forattending uh our tech talk.
(47:38):
Thank you, especially the ECWhopping up on stage for that
great question.
Um, and yeah, I'll see you guysnext.
Uh well, see you guys in acouple weeks.
Uh again, we used to do theseweekly.
Um, now I'm kind of doing itmore on and on the relevance of
the subject itself.
Uh again, tokenization RWAs wasa very hot topic coming back
from Vegas.
It's uh, you know, it's it'sright on the heels of what we're
(47:59):
about to launch with tomorrow.
Um, so it's something thatyou're gonna see a lot more of,
especially if you're connectedto our ecosystem.
But I think you're gonna see alot more of it everywhere, and
it will become the norm.
Uh, but yeah, that being oh uh,you have anything you want to uh
end with uh ECW?
SPEAKER_01 (48:13):
No, I was just gonna
say thank you.
This this was this wasfantastic.
I'm I'm heading out a little bitto run there, and then nobody
listened to the replay.
So thank you.
SPEAKER_00 (48:20):
Yes, sir,
absolutely.
Thank you for being here, andagain, I hope you guys all have
a great weekend, happy Friday,and happy domain.