NFTs for a Better World: Tokenization

uh I've been to many web 3 events but this is probably the most beautiful place uh I've talked to it's going to be hard to top this so thank you for the organizator and we're going to present the panel we're going to talk about how can nft make the world better through tokenization through gaming through charity and I will talk with Alexandro brigato from toox with Antonio ramello from Crown Chaser in canum games and the least but not the last with Alexandra breny from niy Naples do you guys want to introduce yourself and we can start after you do oh okay Al so hello everybody thank you for having me here and I'm Alexander Bato the CEO of toox uh too is a tokenization platform to improve the document Management in first instance and so we generate token to improve workflow and digitize every kind of process J Jam guys my name is Antonio I'm the CEO and co-founder of incum games we build games we have been building games for the past 10 years uh we released three mobile games they did pretty okay 15 million worldwide now we are working on our for title I think the intersection between blockchain and gaming the name is Crown Chaser um thank you for inviting me here and yeah let's go my name is Alexandra I'm from n the founder of nifty Naples I'm doing fital jewelry promoting world work inclusion for women with tough lives but I'm not going to say anything more because we have the talk later so just I don't want to spoiler amazing thank you guys and I'm happy to be on the panel with you uh so blockchain has enabled a wide range of application from tokenization to gaming and charity so just as an introduction uh how do you see the role of nfts evolving in the next five or 10 years so uh I think lonization is a masterpiece in this field and it's very important to tokenize I think everything because we can improve every digital workflow or process uh thanks to tokenization so every file uh could be digitized but could be tokenized and so we have to start to create a transparent workflow transparent processes have a trans ility of everything so uh in gaming in charity of course maybe are the the first applications the art is another one uh but for the charity for example we can trace everything and we can track the money thanks to the blockchain uh and we can have uh more transparence about uh about that and so maybe you can have you can improve it you can boost also the the charity uh field because you know what are you doing where the money are going and so uh I think it's first topics but everything workflows uh Bank uh insurances uh bonus for for example in the in the governments when you have a bonus you can track it and uh I think it's the first thing we have to do in in the digital uh world yeah nft they comes from a long story uh we came from apes and now we are in a church this is quite a journey right and I like the way the industry is going where essentially um we are getting a lot of utility out of nft they started as lifestyle so it's about a status symbol more or less and now we are integrating them in our real economy to give them a sense right a reason of existing and that's why for example in gaming we are applying them to the asset where essentially for the past 30 years gaming has been like okay you buy the asset or whenever you see a movie on Netflix is like you are paying for something but that something is not yours right because you have the license and essentially as soon as you stop paying or like they decide that they want to Blacklist you you essentially lose all your access and rights to those items well nft comes handy in this um case and enabling the true ownership meaning that nobody can just come and tell you okay now this is mine again and um yeah this is actually extremely helpful even to build community and we know that one of the most important thing in uh in crypto is community as of now so having an nft can make people feel part of some of something make them proud of having that asset and representating you know over the social and over the the life of every day yeah yeah yeah I think basically we are almost aligned with see the same stuff right nft will be Especial utilities nft I think they will become probably the only usage of this kind of Technology across all the sector from industry to charity and for charity for instance of course probably they will be in the next 10 years the only way we will be founding charity especially because Young Generation will be will be pay paying more and more attention to where these money are coming from where they are going but most of all they want to I think be involved in the decision making process or how to spend so the organization and any process related to that but also meaning community in terms of connecting people all around the world taking care of the same special causes so avoiding fragmentation as well so yeah they will be probably the future but but especially if we manage to change the way way we speak about them not as nfg but like card or certificate using a more simplified language amazing thank you so you kind of like already touch base on on my next question so the point of blockchain is transparency um it's inclusivity so I was going to ask what can what kind of change nft can make like on social impact and global inequality so you can start it already uh can you keep going on that subject y for social impact of course and um I I think that as I said before uh the terization is the first step to having uh transparent and and clear processes so also the social impact and and so on it's uh I I so how can I say I think it's uh uh in in every process we can have transparen so in the gaming heart and charity as I said before we can track everything and also the social impact if you know the supply of something or if you can track a product if you can uh have less uh was of paper for example so every every process could be digit digitized uh everything is structed with the blockchain and you have nft for for everything so it's not the art nft or the utility or the facilities that you can add to nfts but you have the uh the first soul is that everything is digitized with uh the time stamp with the history with all transactions and so you can apply in every field so my my opinion is not there is not one field or one sector is better than than other but every process could be uh could be improved thanks to the organization so that's the reason that the social impact it's in everything for example because you can track uh the the I don't know the everything in the public administration so you have you can have a transparent uh use of the money use of the money use of the the documents so for example don't boarding process in uh in the private and the public companies and uh and so you can improve I I mean everything the the real estate or uh the the the charity as I said before and um and so it's not just to the for the money but all all the process if you think if you figure out for example the uh your skills on a CD and who can check the the skill and the the pet that you are going to do if someone have to uh have an interview with with us and you are in public company so everything is could be tracked and why we we don't we don't uh we don't why don't do that I think that's a great question and actually we have a reducer case around the world where nft made an impact on the life of every day of people especially in in um sou Asia countries like Philippines Vietnam they are leveraging gaming to make a living three years ago we started um an academy called the rituals Academy where essentially we were sponsorship gaming account to play years all over the world now back then playing games were very expansive we are talking about you needed 1,000 up front to invest in those asset right so what we liked about the project was about having win-win situation where essentially we were sponsorship um those account we were bringing in the money while the user were bringing their time right and they were earning while having fun and um this was a life choice and actually made different life for the better that's because some of those user they were spending you know their money for things like PlayStation and you entertainment but some other they spend it them for more serious topics like you know Health some of our Scholars they had uh PE they had Parents with health condition and thanks to their time playing games they have been able you know to fix their Health Solution uh condition so it's about you know this is the the good thing about crypto it's about about making them accessible and empowering people that unfortunately have been you know um living the wrong side of the world in a sense right so this is a way for crypto to um disrupt the industry in a way where we we switch from being you know in B it's not about where do you where do you live or where you are born but it's more about your skill and who you want to be well in charity I think nft have quite let's say two big superpowers I'm coming from autism for example so anything related to the neurodiversity or neurological disabilities as well and we have two main issues that I have been facing the first one is that we are all very fragmented all around the world we are thousand and thousand of associations movement social media pages and uh influencer but it's really hard to get connected with all of them you don't really know how how to find them how to speak with them what they are doing and there is no control of them when they go to speak with government for example or when they have to raise big money nft can give you the opportunity to be closer and have much more control on them if you use Dao for instance uh but also to to have much more power where when you need to take decision because you can move a lot of people all together all in the same place rather than you know little pieces and bottle around the world and the second superpower is that when we speak let's take the example of oism again we have always two ways of talking about that uh kind of specific neurod divergent or is a Pity side so people want to make cry because maybe they want to raise money you know that kind of stuff or you have the other side like Angry family looking for support that they don't get so it's one or the others at the end of the day nobody listen to you anymore it gets boring nobody wants to listen to problems and the government doesn't want to spend money on you so at the end it's like yeah okay they talk why we talk to ourself useless but when you use technology for example creating projects when you create Innovation you give opportunity to magazine to television to community to speak about something different you go to the government and say hey guys I'm I'm talking about I don't know women empowerment but not because I need help but because I'm bringing you uh for example a project give money I'm proving a business I'm talking a proposed way not at a complaining mode which I think I think it's really important when you need to raise attention and switch on lights on problem even web three right if if there is no web tree um if there was not naet if there was not me okay Nifty nles will we ever speak about autism in this kind of place maybe not or maybe not now maybe in another country but because we can bring things together we can use technology looking at different angles I think this can be really big different change the way we see our social issues as well okay so more about bringing Solutions than showing the problems is good um there's something you said I should have said I guess just a reminder that NFR not just a gpeg file and and certificate of authenticity so it was yeah I should have I should have reminded that before um and that's kind of the transition to my next question is so we we s thanks to you guys um how NF how can nft uh be used for charity for example trace the money trace the process uh be transparent because when you give money to charity you don't always know how it's going to be used where it goes and everything so um we see the potential but one of the problem is most people are not educated enough yet so user adoption remains a critical challenge for blockchain based projects uh what do you believe needs to happen to make nft and other blockchain application more accessible to the general public so the question about the the adoption of course it's uh that but we now in web three space it's web three event we are used to have many applications wallet and so on but in this case I think there is a uh we can skip uh a step and we can have for example C wallet web to experience and application that we are used to to to have in our workflows uh for example I'm I'm in um for the docent management Dropbox for the signature you sign and so you just have to add uh a layer on this application and you have to integrate blockchain but you don't need to to know how blockchain uh is or how can use a wallet uh do you not you don't need to have a seat phrase for your wallet because you just have a user ID a password or KC or you can access with the the centralized identity for example and you have the same user experience that we have in the application you you using every day and so you have a block a layer that can add uh some perks so you have time stamp proof of of existence proof of immutability you can handle a token maybe you can uh manage your secondary market for the ticketing and you just use you have you have just to use the the same application that that you are using so the uh I think the the the the aim for for for the builders is to create something okay if you are talking about defi Maybe maybe you are speaking to Dent people or defy users or uh nft scalpers or I don't know and uh but if you are talking about the normal use of Charity of U maybe the gaming aside but the charity of the the document management or the track your money or track your your files your documents and the processes uh I think you can you have to abstract this step and just give use the blockchain but you don't have to have skills or knowledge about it and so you can have a good adoption in the future and many use case as to know I think we have a user experience problem in uh web three as of now because the user journey is full of pinpoint um if I want to make a Facebook account I just use my mail and password and I mean while if I want to integrate with any protocol or games I have to download a wallet I have to do a password I have to save my seat phrase what is this seed phrase and if I lose my seed phrase I lose everything and then again after I mean I have to sign transaction and I need the gas fee what is this gas fee I have to go to an exchange I have to put money on ramp and you know make the transaction and Bridge those money from L1 to L2 see you are losing me imag you know the the normal user when they're trying to use the blockchain right so many thing that the solution to this uh challenge is about education uh educate the the users I'm not a fan of that that's because you Cann not educate 1 billion people about you know adapting them to the technology is a technology that should you know uh wrap around them so that's why you know in gaming we have wallet abstraction where essentially you make the account and in the back end remotely we have some magic happening where we create a wallet for you without even know that you are using the blockchain right so those are the solution that I think is for the long and better terms of our industry yeah I think we have a combination of the two things that you have said as well for there is a language barrier okay for people like me I'm not an engineering I'm not an IT person at all the only reason why I managed to get closer and closer to the blockchain is because I learn I've listened to some videos by a digital entrepreneurs I don't think I can do his name but he was talking like okay why I can use it okay what is about practically speaking without knowing about mining or any complicated word but just practically speaking there is the technology I can do that in this way okay so I'm started to be engaged engaged so the language barrier even if you want to speak to people and say oh you know for example in jewelry I'll give you jewelry with an nft they would be like what it's like okay you know like a supermarket card yes make it digital and they start to understand I know it's like you're going to kick me out on npet right if I speak like that but it's the only way you can engage the mass adoption and on the other side there is how we propose our product to our customer because as you said if the user interface is complicated even if I need to understand the steps I will never get that so maybe we need to put our attention more like looking at people not crypto user even events like that if you start to putting attention and attention for the normal let's say to the mass people maybe we can understand their point of view and how we can help them in getting on board totally agree obviously education is important in the field but as you said we cannot educate that many millions people and they don't want to make the effort anyway but they would be using the use cases that bring chain blog to bring to them so we need to met in between yeah between education and making it easier for them I think it's a little bit like the email the the example that they normally do is email address know normal people like me have no idea how the email address works right do you care I don't but I love the technology we all use we all understand that we need and there is no other option to the email address so we need to get at that level of Simplicity probably I love your example I gave the same example two days ago on another panel with Diana um I have a question for you Alexandro uh so tokenization is transforming document management so securing authenticity REM concerns uh how does to knock ensure the highest levels of trust and Security in a digital first world so uh security is a it's a good topic it's a main topic and also the authentication digital identity I think when you talk about tokenization because as I said the first step of tokenization it's tokenize everything so uh you don't have to trust you you have to tokenize every kind of document every kind of file but when you move to the to Valu valuable token uh you have to to face different problems different issues and um so for example if you want to tokenize something it's real you have to create a digital twin of something so you have two main ways so or you have our Oracle of what are you going to tokenize and the the Oracle G gave you to you uh a price for example of the token or you have a volt and so you can uh store your volt for example gold and you can organize that or real estate you can't vot you can't put a real estate in the M but you have to uh physically own this this token and then you create a digital a digital twin and uh and this is the first step then you have the digital identity so we for example in to we enroll the European blockchain sandbox uh on the European commission to speak with all the regulatories because now we have many many different digital identity and for example in Italy we have C identi so um ID electronic ID and then we have um another National card of services and then we have speed uh in France you have other two way of authentication and every every country has uh its own method for authentication now we are going to UD the wallet for create something but it's I think uh it will be released in 2026 uh then there is digital identity every blockchain try to have digital identity uh so an ID or in Italy we have two different models and um and so we we have to face everything on this because as I said the I think the next step is the merge of different technology so maybe you have large language model you have ai for something you have blockchain for track your your data uh you have Cloud de centralized storage with thanks to the blockchain for store archive your documents uh but every step needs an improvement and so maybe you have to uh recognize your ID outside the blockchain or you have you need zero knowledge proof we have the technology but maybe the governments can't recognize this kind of of so we have to many obstacles many Securities open Point let me say uh every day and how uh I think our work is to study and try and build study improve test and St and uh and restart to study so it's a difficult and long process because the technology is going very very quickly uh but I think technology solves some problems that we currently have and so we have to understand the technology try to improve try to uh integrate in our processes and we can find the solution for many many problems that currently we already have amazing um earlier we we talked about on boarding millions of people what about I mean there's billion of views of of Internet so what about if we on board billion of users on web 3 um so it's a question to you Antonio with over 50 million players and massive social media engagement what lessons have you learned about integrating nfts and blockchain into gaming and how can this lessons so be apply to to un board that many people yeah I think that's a great question um currently we are living in a tension economy right where essentially everybody every project every Protocol no matter the vertical is competing for screen time so gaming is competing against Instagram and social for getting screen time out of those users and the same things apply for the other project right so having a clear communication and do marketing from the day one building the community it's the first thing to start a crypto project right that's because marketing it's community community becomes culture and culture become narrative and the narrative leads the space that's why I ideally what what you have to achieve is about getting on the board the first 100 Royal um real user real fund that are going to be like ambassador of your project of your brand and be you know your army over Twitter and other media that's because we all know that on Twitter what works the best is making noise so the louder you are the better it will be and also another important remarks is about understanding in the needs and the difference between the different audience right you have to segment them Web Two users they in gaming they're driven by emotion right they play games because uh they want to have fun they want to spend time with friends they want to hang out while in web tree it's about speculation it's about you know making money what is giving me the best Roi the the best yield over time and you know understanding that those are two completely uh different audience and you have to graft the message for those them and combine them in the same ecosystem uh can either make or break your your project right so that's that's why it's extremely important again having a clear communication even if you are just in the um idea stage where you don't have an MP or you never executed that idea start with the Community start getting feedback starting get people involved uh let them um play with the idea right because the day when it start to be a spread among people it start to get more serious so it it come it becom it comes from an abstraction point to actual realization point right and even about the idea I know that it's hard because some Builders they think H I have this idea this is 1 million idea I'm sorry guys it doesn't work like that like idea is nothing without execution right so you can have the best idea ever but if you are not able to execute that idea properly um it's hard that it's going to to be something big so that's why I always try to meet interesting people talk out with them uh let them enjoy the idea and why not make them part of the journey and so create ambassadorship program um show ups every day on your social channels and things like that this for us uh was the the key difference that made us winning different Awards as one of the most anticipated blockchain games we have a community of 15 50,000 members on Discord and Twitter and some of them they show up every day right that's even be even if they don't have a game to play yet because again the game is not live yet they like the idea they love the idea they want to be part of the journey they understand the the story and they want to be part of it yeah thank you thank you uh coming back to you Alexandra now um do your project combines any with physical jewelry and charity so how do you manage to balance the business between the side business side and nfts and your mission to support charitable causes um because you're aiding woman in difficulty so yeah if you can explain us so the link between nft and charity and business is that nft are just a tool to create a new space in a market so I've chosen jury for several reason and trying to make it Innovative try to make new jewelry so making a space in the market that could drive of course profit because it's a business use that profit for employing women for so reinvesting in the society doing dissemination so it's just a way for you know when we said about transforming things you know at the beginning creating opportunities and uh talking about history using a different approach that's exactly know what we are what we are doing you have a market there is some needs right blockchain can perfectly met meet that needs and create business now it's my choice as as a company if I want to employee using standard procedure or if I want to employee giving the opportunity to to work from everywhere at any time for example if is a mom she can work I don't know when a child is at school when she's waiting for for him outside maybe she she has like two hours or if she can work at night it's my choice as a business I still do profit I still needs to employee someone the way I wants to do so the the nftd allows me to get that Revenue to make this kind of choice and make an impact amazing amazing um so what I hear is many of your projects are mixing digital and fital worlds so how do you envision nfts enabling greater collaboration across sectors like gaming art document management social good and that's a question for all of you uh who would like to start okay well that's that's a great question again um I'm a fan of fital and actually something that is uh working a lot in the industry it's about you know combining the nft with the the real one the the real physical object just to give you know value to the user right and this is something that actually we have been doing for many years now I think all of us had a childhood here and they are familiar with Pokemon right so almost everybody of us when When We Were Young we tried you know playing Pokemon cards or yu-gi-ho cards right and bringing the same concept to the blockchain where essentially okay you play the games or you you are part of the protocol and at the same time you have the um physical version of that item it's strong it's strong because actually you know people doesn't doesn't see it just as an abstraction like something Untouchable like okay this is a website this is a protocol but actually they can they can look at it they can feel it they can touch it right and this is strong because at the end of day we are all human and we base ourself on the emotion so having something to where we can connect to it's it's it's strong it's strong yeah amazing do you want to add something I think fital is all all around experience uh the experience can be between a physical object and a screen but it can be between a a digital asset on your mobile phone and a shop where you physically go and you feel recognized because they look like your nft and they can think oh I know who you are and I can offer you something different or it can be like we are doing an applet in the evening right you have an nft and you have access to event so it's all around experience and nft are I think the perfect way even of doing collaboration and cross sector no between all of us for instance right I do jewelry and I do charity and you do gaming why in the nft will be maybe the easiest way to connect one day our community so you can join mine I can join yours and create cross values together benefit for all of us even mixing generation because maybe the lady will buy my by ring will never play for example but because she has my ring and we do an an nft together maybe she can start playing and find out another way she can understand her child why she or you know her son why plays and oh on the other side a younger generation can maybe get closer to social values and do again a crossover sector and in experiences still fital somehow because maybe you have your physical asset as well you create like um more an overall Co co- value co-creation yes I mean uh I agree with them uh I think there there are different way as I said before so uh when you talk about digital uh maybe we we think there is something that is uh the digital twin or something like ibrid but I think we can add as in the use case or the other uh topics I mentioned before but we can add a layer in everything for example fital think about luxury uh we can have our luxury watch and maybe we have the physical watch the full set the box and so on and we can add uh a warrant uh warranty card but could be an nft and so you have a fital you can add value to the to the physical object uh but it's not a substitute so it's not alternative it's I mean I think we we should to uh it's another kind of Technology we have to integrate we don't think about there is a separate Market about speculation of course we most of of us are here even for this regulation uh but I think we have we found another technology that can be merged and integrate in luxury in game okay gaming is digital asset uh so it's perfect for the gaming uh but also for the gaming when I when I think about for example FIFA uh FIFA Ultimate Team you have the card and they are at nft I don't know the supply I don't know how how R raise a card on another you mention about Yu-Gi-Oh and Pokemon so in every in every kind of also gaming uh or you know how great is a know a refle in the in in a war game and uh and so everything could be an nft so we we discover blockchain we in the year we integrated the blockchain for the money transfer we discovered different standard of nft the nft the hbd nftd so we have uh we we can manage all the the payment we can manage the token the Rarity the scarcity of the token we can upgrade the metadata we have a set of tools when we talk about token or nft we talk maybe we think about evm comp compatible but we have a different blockchain we have algor for example we work also Al for the institution uh we have Solana we we have different technological stock so it's not like about nft and FAL but how can you do with nft how can you manage the data how can you transfer this nft how can you uh upgrade the ownership and how can you uh give security and safeness to to this transfer and we have a lot and many are are coming up uh we are a lot of different standard and Technology we have a request for comment proposal uh and so on so I think we know the technological stock we can think about how can we use for luxury for gaming uh for the on boarding processes and our aim our uh our challenge is to generate to create to build for merge the for for the for the needs that are coming up and merge the technology so it's not uh different silos it's all the the same the same thing the and we have just to to integrate blockchain for for everything because I think also for for the attendance for the for the bachelor for the CVS as I said before you can toize it and you can have also the digital asset the physical asset and you you can create a digital asset or you can have physical the the the watch you can toonize the watch you can fraction for for sharing for revenue for having uh APR or also for adding something other so Fidelity card if you are Rolex user Rolex fan or the warranty card it's something that you add so it's not like just digital it's not like just the digital twin but it's a a lot of things that you can work together I have some talking about FAL I don't know if you may agree with with me I think it's maybe also the easiest way to clean you know the image that we have about blockchain and NF because in the past it was all about speculation it was all about something fake it's all about you know stealing people but when you say fital especially if you are really physical experiences like ticketing for concert it can be uh guaranteeing it it helps to to clean the narrative across the blockchain because people start to understand how they can use we are going back to the mass adoption so we are moving them away from the investment we're moving them away from the technology but we are moving the attention to a specific huget So when you say ah it's it's for stealing money no you have a card because you can go to the concert and why I need a card that not a ticket because you can resell if you don't go anymore to the concert you don't have like black market people like oh so it's not for stealing but actually for helping me so fital can be maybe I and don't know what you think a key in that direction as of course when I present our application but also in notarization uh the first problems we we try to solve it's cont containg plager is fakes apocryph apocryph signatures so when you have uh tokenized world you you don't care about nft the the Bitcoin or the speculation about it because you know nft is a tricky word because you think about nft the the first things you come U up with nft maybe it's the people auction about the the okay so now now we have the the art is toize why you have toize why all this money you cannot understand in the deep in the depth what what you are going to do but with the terization maybe you can have nft ticketing you can avoid the black market you can handle the secondary market and you can have more Revenue about it you can't avoid the the the counterfeiting the plagerism so you have a digitized world so uh maybe I'm a little bit repetitive but if you toize everything you can handle you can you can improve the management of this of every kind of process because for the for the ticketing for example you have primary Market secondary Market you can generate Revenue you can't avoid um people that for the black market for The Fakes for the speculation about that that maybe is more than speculation about nft so yeah I agree with you guys um the industry is coming from a bull market where essentially we had a lot of rpol so that's why normies are not very into crypto and nft that's because they don't understand it and most importantly they don't TR trust it right so having something that actually it's visible um definitely helps with the credibility and at the same time having you know trackable records of the items on chain it's the best way on how to manage an economy right uh there is the study that say on chain economy there are more real economy than the real economy that we use that's because if if someone asks you how many e EUR we have in circulation right we somehow have an idea but how many like from 2022 or 2023 things like that this is where it's starting to be tricky like getting access to the data and controlling the data while on blockchain everything is open right so everything at a glimpse you can have access to what you are looking for and this helps with accountability and trustability so it's not about okay we have spent those money we had this budget we spent here x here Y and here Z but actually you have access to those budgets and understanding you know what's what's happening and uh yeah so huge fun of you know what what you proposed about having you know um physical items at the same time make them trackable mhm amazing so what I heard is the image of the public about blockchain is really different from the reality and that fital could be a way to bring back trust and what you were saying also is that digital is not just going to replace everything physical but can coexist and be linked to to it so very interesting um okay so we saw that nfts and tokenization redefine the concept of neurship um and to mirror my question my first question will be my last question to to open up uh the the discussion so how do you you forcey tokenized assets whether in gaming document management luxury goods to change traditional Notions of value and ownership in the next decade hard question who wants to start yes again um let's do some example right to make the the statement clear when when you buy a car for example you can do multiple things with your car right you can drive from point A to point B uh you can use it to make some money right so you start Uber Uber food whatever you can rent it to a friend right so it has utility but when it comes to digital items you can do no neither of them right same thing apply for house you can live inside an house you can rent into an rbnb you can have friends in an house I mean you can even burn the house I mean I don't suggest burning an house let make it clear but you can at the same time when we are talking about digital asset you are very limited with your option it's either you can use it and stop there is there is not another um things that you can do with that and with the organization it comes the true ownership right meaning that you don't only have access to it but you actually own it so one day if I want to give to her my uh gaming items I can do freely I can even make some money out of the speculation or out of the royalities because this is another Revenue model that the blockchain enables right for the creators and the artist is so again uh I think there is needs for those kind of assets and the the concept of those tokenization is still early it's about how old is the industry at all three years four years that we are starting to do this deep conversation about the utility so it will require time but at some point I think that's the right direction where we are heading to I think that we we will probably change the concept of ownership and the idea on ownership we will be switching to uh engagement overall engagement because nft each nft has a project right on the back you can trust that project you don't trust that project you trust the company and you don't trust that company so if it's utility nft yes you can use it or you don't use but you can still hold the nft if you still trust that business for instance you have an nft doing token getting on a shop maybe you don't do any shopping on the market because at the moment you don't have any asset you are not interested in buying anything I mean physical let's say like in Amazon right where you can buy asset you don't do because I don't need product but I can still hold the nft if I trust that there is something good in that business while I can have the best possible usage of that you that nft I can offer the best product but if I'm lying to the market if me for example will not employee women anymore but we start doing the opposite I can have an amazing shop I can do amazing product but people will start selling their nft because they lose trust in me so is I think they will be like they will give you a temperature as a business in how much your community and how how good you are doing in terms of relationship it doesn't matter the way you want to use even even if you do a collection right you can do a collection I don't use it at all but I can feel proud of being part of an environment I can feel proud or in being an naet or the other way on the other side I can see you know what I don't want to be involved I don't want to have Bitcoin I don't want to have any of that because I don't feel they are aligned with me so we will not be talking I suppose in the next year about ownership which is important because it makes trust it TR abilities all of that but but the final goal I think will be engagement as an overall word very interesting do you want to add something no no nothing I agree with you I think okay we have maybe a few more minutes for questions does anybody sh yeah don't be shy there's a slido app I know so maybe some of you that is coffee after maybe some of you submitted question on the app others um gentlemen on the back that question maybe I can thank you thank you thank you hi everybody uh so I'm curious to understand um the use case of document management so my question is around uh the scalability and uh yeah how to manage uh the scalability issues and also the the gas fee can that can this can generate yeah so um the scalability about the the blockchain and the gas fee it's very uh it's scalable because you we use algorand in this case we create an rc19 token uh it's very low fee it's sustainable it's very quick very fast uh blockchain so when I mean there is different standard different blockchains depends on the need so in this case we don't care about the project because we are going to tokenize an asset uh so we are not Bor aot Club so we are on ethereum we have to find something with liquidity uh about that market so ethereum or evm compatible Market in this case we can use algor even if there is no a great adoption uh on algor because the blockchain works very well it's very quick it's greenest and uh greenest they said it's greenest but it's green and uh the the fees are very low it's one cent of algor so very very it's uh you don't care about the the transaction and for the scalability uh if you mean uh the the the adoption uh as I said we are um we creating we start from notarization we already have a use case on notarization we work with BNL for example BMP parba Branch with odel uh with EMQ for the certification uh for the certificates and for the tability and the verification of uh those CER certificates and uh and with the organization we can do that better so you can image imag imagine you can figure out about a Dropbox but with a blockchain inside and so every kind every document you can choose if you want to Archive not archive or archive in the cloud storage the centralized storage distributed stor cloud storage for example cabbit and uh and then we have the the of the document on the blockchain very quick low fees because you are not using gas fee like like ethereum and so you can manage the file in in a quick way so which is the use case for example I want to uh to make a deal um from to to Alis and Bob with a with the maybe a third parties third party and so you can create the token and so you you know that a document exist you generate the token all the transaction is like a trans transaction the blockchain you have on the metadata and I can ask someone to sign I can sign the document I can ask someone to sign and if you integrate the digital identity for example in the notarization uh in the notarization platform that is called edit is not to that it's already on the market we we use speed in Italy and we have Advan Advanced electronic signature and uh it's the it's okay for BNL for a for five or six different workflows and you can use that or if you want to uh to to say that your I don't know your idea your patent uh something that you create exist you can use the blockchain you can authorize or you can generate a token if you can if you generate a token you can track your process and you can manage the token better than the simple notarization and then maybe in the future you can redeem your token if if it's something valuable and you can manage handle with the different wallets and maybe you can have also a noncustodial wallet I don't know I cannot figure out the the uh the future in this moment just you have the platform for tokenize the token generate a token up upgrade and update the metadata and manage in a specific workflow thank you we might have more time for another question does anybody have another question maybe not um anybody wants to have the word of end yeah uh I want to thank you once again for having me today on this stage I hope that you have got some value from my experience to build games if you're whatever Gamers or not and yeah thank you again and see you around yes thank you everybody for being here and thank you to the organizator thank you so much to our panelist thank you so much Victor for your moderation and uh we are ready to