Latest / The Paul Barron Crypto Show / Tokenized RWA on XRP Ledger💎Tiamonds CEO INTERVIEW

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Tokenized RWA on XRP Ledger💎Tiamonds CEO INTERVIEW · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Today we're going to dive into real world assets on
• 0:08
  Speaker 1: XRP and really kind of get some insights from somebody
• 0:12
  Speaker 1: who's actually doing it. My name is Paul Baron. Welcome
• 0:14
  Speaker 1: back in the tech path. I do want to think
• 0:17
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• 0:19
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• 0:35
  Speaker 1: all right. One of the things that you've probably seen
• 0:37
  Speaker 1: over on the channel from time to time is we
• 0:39
  Speaker 1: cover the real world assets quite a bit. Tokenized real
• 0:43
  Speaker 1: world assets have become something that I think are starting
• 0:47
  Speaker 1: to really take old in twenty twenty five, and today
• 0:49
  Speaker 1: we're going to dive in a little deeper. We talked
• 0:51
  Speaker 1: a little bit about this not too long ago. About
• 0:54
  Speaker 1: three weeks ago we really started diving into golden diamonds
• 0:58
  Speaker 1: and one of the projects out there is a company
• 1:01
  Speaker 1: called Timins And today we've got money Metsker joining us,
• 1:05
  Speaker 1: who is the founder over there at Timons. Let's welcome
• 1:08
  Speaker 1: in many Metsker.
• 1:09
  Speaker 2: How are you, hi, Paul, I'm fine and I'm excited
• 1:14
  Speaker 2: to dive into to organization and real world assets with
• 1:18
  Speaker 2: you today.
• 1:19
  Speaker 1: Let's do it. I was looking at your website and
• 1:22
  Speaker 1: if you look at your roadmap, one of the things
• 1:24
  Speaker 1: that you guys have there, of course in May of
• 1:27
  Speaker 1: twenty four was that it was the first real world
• 1:30
  Speaker 1: asset project on XRP labor Ledger. When you think about
• 1:34
  Speaker 1: XRP Ledger as a whole, what was the one of
• 1:37
  Speaker 1: the key reasons why you guys were going this direction.
• 1:40
  Speaker 2: Well, XP is a pioneer, right, and so that's why
• 1:43
  Speaker 2: we also wanted to use the XP ledger with that project. Well,
• 1:49
  Speaker 2: I think for you, for your audience, it's important to
• 1:51
  Speaker 2: understand why I have the LCx on the side behind me,
• 1:56
  Speaker 2: and what is LCx and what is timemans and what
• 2:00
  Speaker 2: does tokenization. So first of all, my name is Ponte Metzker.
• 2:04
  Speaker 2: I'm CEO and founder of timants ANDLCX and C extends
• 2:10
  Speaker 2: for the Liechtenstein Crypto Acids Exchange. It's a so called
• 2:14
  Speaker 2: crypto asset service provider. We are now known to be
• 2:17
  Speaker 2: the fastest growing regulated crypto exchange in Europe, we've just
• 2:22
  Speaker 2: filed for the pre application for the MECA licenses and
• 2:26
  Speaker 2: we're holding a registration called the Physical Validata And with that,
• 2:32
  Speaker 2: LCx has positioned itself as a centerpiece of tokenization. And
• 2:39
  Speaker 2: during the licensing process and the regulatory supervision process, we
• 2:45
  Speaker 2: have started to create our own little pilot project and
• 2:51
  Speaker 2: this emerged into a whole separate company called timants where
• 2:56
  Speaker 2: we are tokenizing diamonds and now vite variety of different
• 3:01
  Speaker 2: assets gold, silver, platinum, and so.
• 3:04
  Speaker 1: On, whether it's jewelry. I know you guys are getting
• 3:07
  Speaker 1: into collectibles, but watches all, well, this is I think
• 3:10
  Speaker 1: want to be one of the biggest luxury market goods
• 3:12
  Speaker 1: that we'll probably see in real world assets, is the
• 3:16
  Speaker 1: watch market going forward. Maybe even wine Wine will be
• 3:19
  Speaker 1: another big category. But within all of that, how long
• 3:23
  Speaker 1: before we start to see much of this start to
• 3:26
  Speaker 1: show up in some of the RWA traceability.
• 3:30
  Speaker 2: So when we speak about toganization itself is the creation
• 3:35
  Speaker 2: of a digital representative of a physical object. And when
• 3:40
  Speaker 2: we talk about organization, we really mean real world assets,
• 3:43
  Speaker 2: meaning physical things which you can touch, right. And then
• 3:47
  Speaker 2: there's a second category, which is to organization of financial assets,
• 3:52
  Speaker 2: which where we could talk about I think on another
• 3:54
  Speaker 2: show with a deep dive organization of money to organization
• 3:58
  Speaker 2: of financial assets. We focus on real things, right, So
• 4:03
  Speaker 2: we started out with some looking for something which an
• 4:08
  Speaker 2: industry can be disrupted, where there is a need of
• 4:12
  Speaker 2: creating a liquid market, and the diamond market is perfect
• 4:16
  Speaker 2: for it. It's roughly one hundred billion market size globally
• 4:21
  Speaker 2: at the moment, and it's highly illiquid. There's no price transparency.
• 4:26
  Speaker 2: If you buy diamonds, you need to ship them over,
• 4:30
  Speaker 2: so there's transportation costs, there's tax, import tux and then
• 4:34
  Speaker 2: obviously you need to safeguard it so safe keeping, put
• 4:37
  Speaker 2: it in the volt and everything like that. And at
• 4:39
  Speaker 2: Tiremants we sold solved all of these problems. So the
• 4:44
  Speaker 2: diamonds itself are stored in Liechtenstein in a volt clish
• 4:48
  Speaker 2: security volt. You get a digital representative, a digital ownership
• 4:53
  Speaker 2: deed as an NFT which is one O one bags
• 4:57
  Speaker 2: and legally enforceable e Stenstein, so you can get it
• 5:01
  Speaker 2: anytime you want, but we take care of the safeguarding
• 5:06
  Speaker 2: for free. We ensure it, we keep it in Lichtenstein
• 5:09
  Speaker 2: and you get all the benefits of being the owner,
• 5:11
  Speaker 2: so you can trade it, hold it donated to friends,
• 5:15
  Speaker 2: and obviously have the benefits of blockchain combined with an
• 5:20
  Speaker 2: investible grade diamond.
• 5:22
  Speaker 1: I was looking at the polydrade breakdown of this today
• 5:25
  Speaker 1: collectibles commodities. You look at wine and spirits, which is
• 5:30
  Speaker 1: a large section. Also, I know a lot of wine
• 5:33
  Speaker 1: collectors that are looking at this. We've talked to a
• 5:35
  Speaker 1: couple of them over the years around tokenization of what
• 5:39
  Speaker 1: that might look like. What is the expansion of what
• 5:42
  Speaker 1: you guys are trying to do. Will this go beyond
• 5:44
  Speaker 1: the scope of just gemstones.
• 5:47
  Speaker 2: Well, everything that can be tokenized will be tokenized. So
• 5:51
  Speaker 2: we are looking at all different types of commodities, real
• 5:56
  Speaker 2: world assets, and we are listening to our community on
• 6:00
  Speaker 2: what where the demand is going. We now started out
• 6:04
  Speaker 2: with diamonds and timans. Dot com as a platform has
• 6:07
  Speaker 2: become the largest marketplace for tokenized diamonds worldwide. There are
• 6:13
  Speaker 2: now fourteen thousand diamonds on the platform and with that
• 6:18
  Speaker 2: it is kind of the market leader in that niche.
• 6:21
  Speaker 2: And when we look at other assets to be tokenized,
• 6:25
  Speaker 2: we will now start with gold, which is roughly half
• 6:29
  Speaker 2: a trillion dollar market per year we're looking in platinum, silver,
• 6:33
  Speaker 2: and in particularly in commodities which we can store in
• 6:38
  Speaker 2: gold bars, and we would be tokenizing it one to
• 6:41
  Speaker 2: one as well. Okay, besides that, I think you're talking
• 6:45
  Speaker 2: about wine, luxury goods and everything like that. These are
• 6:49
  Speaker 2: more complicated and our community at the moment is really
• 6:54
  Speaker 2: looking for investible grade like investments they can hold and
• 7:00
  Speaker 2: and earn, and I mean gold is just the next
• 7:03
  Speaker 2: logical step for us.
• 7:05
  Speaker 1: So you mentioned physical validators, Explain what that is and
• 7:10
  Speaker 1: then what is the capacity of physical validators outside of Liechtenstein,
• 7:14
  Speaker 1: where you guys are based.
• 7:16
  Speaker 2: Liechtenstein is unique in many ways. I would say, first
• 7:20
  Speaker 2: of all, it has the heritage of being more than
• 7:23
  Speaker 2: three hundred years old. It has the principality, so there's
• 7:27
  Speaker 2: still a prince who has a big influence in the culture,
• 7:34
  Speaker 2: of course, but Liechtenstein is known to be a financial hub.
• 7:38
  Speaker 2: It has the highest GDP in the world, and it's
• 7:40
  Speaker 2: known to be a place for safeguarding your wealth. And
• 7:44
  Speaker 2: that's kind of a key thing which is part of
• 7:48
  Speaker 2: Timand's project as well, because the safeguarding of the physical
• 7:52
  Speaker 2: underlying assets is maintained in Liechtenstein. So it is here
• 7:58
  Speaker 2: in a volt and highest standard where some other picassos
• 8:04
  Speaker 2: or gold or diamonds are also stored. And Lietenstein also
• 8:10
  Speaker 2: stands out because of this legal role as a physical validator.
• 8:16
  Speaker 2: And this makes it very interesting for everybody globally because
• 8:19
  Speaker 2: it's the only country who already twenty seventeen started out
• 8:23
  Speaker 2: to work on what is now called the Blockchain Act
• 8:27
  Speaker 2: and a whole legal framework which is in place since
• 8:31
  Speaker 2: January twenty twenty. So now it's the fifth year where
• 8:35
  Speaker 2: we are fully regulated and supervised under this Blockchain Act,
• 8:39
  Speaker 2: and one role is this physical validator. In short, you
• 8:43
  Speaker 2: can see it as a notary who is liable and
• 8:46
  Speaker 2: responsible that the underlying asset which is tokenized will be
• 8:51
  Speaker 2: also there. It's insured and you'd guaranteed that whenever you
• 8:57
  Speaker 2: come with your ownership certificate, you will be able to
• 9:01
  Speaker 2: enforce it at a court here and listeners stock. So
• 9:04
  Speaker 2: even if you're from Dubai, if you're from US or
• 9:09
  Speaker 2: any international country, if you get this ownership certificate, you
• 9:15
  Speaker 2: will be able to enforce your right here locally, and
• 9:18
  Speaker 2: you can be sure that you get the underlying asset.
• 9:23
  Speaker 2: Example of diamonds for example, if the diamond would not
• 9:26
  Speaker 2: be there anymore, we would lose the license. You could
• 9:29
  Speaker 2: like sewe scar in the court and you can force
• 9:31
  Speaker 2: your rights, get the money back and everything. So it
• 9:35
  Speaker 2: is a very unique legal enforceable structure where listeners found
• 9:40
  Speaker 2: really stands out enabling tokenization of real world assets.
• 9:45
  Speaker 1: Okay, so talk to me a little about LCx. Obviously,
• 9:48
  Speaker 1: what we're seeing inside MICA within the EU really starting
• 9:52
  Speaker 1: to ramp up. A lot of things are happening around
• 9:56
  Speaker 1: even stable coins. If you look at what you know
• 9:59
  Speaker 1: url us or as r l USD is doing, and
• 10:03
  Speaker 1: you see the fact that we've started seeing tether being delisted,
• 10:07
  Speaker 1: how does this affect your business? Can you explain a
• 10:09
  Speaker 1: little bit further.
• 10:12
  Speaker 2: Well, as you can see here on our website it
• 10:15
  Speaker 2: says crypto integrity. That's the core mission. We've started out
• 10:19
  Speaker 2: at OLCX in twenty eighteen, and we always wanted to
• 10:23
  Speaker 2: bridge the traditional finance with the new innovative blockchain world,
• 10:28
  Speaker 2: meaning that from day one we had been asking the
• 10:33
  Speaker 2: more nitty gritty questions around KSC and onboarding was more complicated.
• 10:38
  Speaker 2: So that's why we are now known to be a
• 10:40
  Speaker 2: hidden champion where we had been embracing the regulatory side
• 10:45
  Speaker 2: right from start, and it had been probably also slowing
• 10:48
  Speaker 2: us down at the beginning because useers just the wided KBC.
• 10:53
  Speaker 2: If you have the option to upload, no passport or
• 10:56
  Speaker 2: come to us, of course you probably chose the other platforms.
• 11:00
  Speaker 2: But now it's becoming a huge advantage in LGX stands
• 11:05
  Speaker 2: out with the integrity at the core, with digital excellence,
• 11:10
  Speaker 2: and with the unity with a very strong LTx community.
• 11:15
  Speaker 1: I'm looking at your market panel right now, and then
• 11:20
  Speaker 1: if you look at you know the fact of yields,
• 11:23
  Speaker 1: which most likely are going to be a big part
• 11:24
  Speaker 1: of this. Is it something that we could see in
• 11:28
  Speaker 1: the future. I know with gold there is the capacity
• 11:30
  Speaker 1: of earning yield. Would that be something that we could
• 11:33
  Speaker 1: see if you paired that up with diamonds and say
• 11:36
  Speaker 1: stable coin.
• 11:37
  Speaker 2: Absolutely. I think tokenization itself is unlocking a whole new opportunity.
• 11:43
  Speaker 2: It's a trillion dollar market opportunity where assets which had
• 11:47
  Speaker 2: been not accessible to retail investors at all, or it's
• 11:54
  Speaker 2: unlocking markets where the assets itself had not been globally
• 11:59
  Speaker 2: tradeable or in transparent and their diamonds is a very
• 12:03
  Speaker 2: good example for that. But also for gold. I mean,
• 12:06
  Speaker 2: if you want to buy a gold bar, you have
• 12:09
  Speaker 2: to physically pick it up somewhere. Then you have to
• 12:12
  Speaker 2: store it at your house, or you rent a space
• 12:15
  Speaker 2: where you put it inside. It's complicated, very local, but
• 12:19
  Speaker 2: the demand is massive, and we are solving this now
• 12:23
  Speaker 2: basically by putting the gold bar in a volt over
• 12:27
  Speaker 2: here and you just get this ownership certificate. And LCx
• 12:31
  Speaker 2: is basically at the center of this organization where timents
• 12:34
  Speaker 2: is just one client, our own project, but we are
• 12:38
  Speaker 2: now talking to hundreds of other platforms who would like
• 12:41
  Speaker 2: to leverage this role as a physical validator for their
• 12:45
  Speaker 2: own projects. And obviously now with MICA coming, there's a
• 12:48
  Speaker 2: whole category called the asset reference token, where it's even
• 12:53
  Speaker 2: created a legal framework to create assets or tokens which
• 12:58
  Speaker 2: are backed by real world assets.
• 13:00
  Speaker 1: Let me ask you this, if when you look at
• 13:01
  Speaker 1: investors globally, I'm talking about high network individuals, they're looking
• 13:05
  Speaker 1: at investing in diamonds, gold, other eventual real world assets.
• 13:10
  Speaker 1: Do they understand what's happening in the market right now
• 13:14
  Speaker 1: around RWA.
• 13:15
  Speaker 2: I think they're are slowly starting to understand, especially as
• 13:20
  Speaker 2: we come up with these new innovative products, but what
• 13:24
  Speaker 2: you can already see is that there is a high
• 13:26
  Speaker 2: demand for it. If you look at high family offices,
• 13:30
  Speaker 2: high networth or ultra high networth individuals, these are already
• 13:35
  Speaker 2: probably years ahead of the common investors. They'd like to
• 13:40
  Speaker 2: store their assets not only on one continent, not only
• 13:43
  Speaker 2: in US, not only in Asia, but maybe also having
• 13:46
  Speaker 2: assets in Switzerland and Liechtenstein as well. And opening an
• 13:51
  Speaker 2: account at the Liechtenstein Bank is a complicated process which
• 13:56
  Speaker 2: is probably limited to privileged rich people. At LCx, everybody
• 14:01
  Speaker 2: can open an account and our users are proud to
• 14:05
  Speaker 2: be having an account over here at the moment, and
• 14:10
  Speaker 2: with holding assets is the same. I mean, it's one
• 14:13
  Speaker 2: of the probably most safe jurisdictions with legal clarity and
• 14:20
  Speaker 2: where you can enforce your rights, stability of the country
• 14:24
  Speaker 2: and everything to hold assets like that, rich people or
• 14:27
  Speaker 2: investors want to diversify their assets and keep them physically
• 14:32
  Speaker 2: in different locations around the world. The second development is
• 14:38
  Speaker 2: you probably heard about these free ports. It has been
• 14:41
  Speaker 2: in development over the last decades where people are buying
• 14:45
  Speaker 2: the picasso at saltabes, but they actually never get it
• 14:49
  Speaker 2: in their own house, but they store it in the
• 14:52
  Speaker 2: freeport where they don't have to pay any taxes to store.
• 14:55
  Speaker 2: They may travel there, visited once and that's it. These
• 15:00
  Speaker 2: three ports had been kind of in a gray zone,
• 15:03
  Speaker 2: been exploding over the last decades. So there are plenty
• 15:08
  Speaker 2: of storages where billions of dollars or assets being stored.
• 15:13
  Speaker 2: The downside is that there's no transparency really of what's inside,
• 15:19
  Speaker 2: who's the owner, and there's a lot of controversy around
• 15:23
  Speaker 2: these three ports. But the demand is clear, so people
• 15:28
  Speaker 2: want this. People want to do first to find. They
• 15:31
  Speaker 2: want to hold their assets without putting them in the
• 15:34
  Speaker 2: living room, and that's where we come in. That's where
• 15:37
  Speaker 2: tax organization really is unlocking this. And with the physical validator,
• 15:43
  Speaker 2: we can ensure that the asset is actually there in
• 15:46
  Speaker 2: this storage facility. It is safeguarded, it is insured, and
• 15:52
  Speaker 2: you get the digital certificate one or one, so if
• 15:55
  Speaker 2: you're holding this Picasso with the digital certificate, can be
• 16:00
  Speaker 2: sure that it's also there. And then it enables global
• 16:04
  Speaker 2: trade instant settlement, right, so you can donate it or
• 16:09
  Speaker 2: sell it to anybody globally.
• 16:11
  Speaker 1: Yeah, I think that's the big value that obviously real
• 16:14
  Speaker 1: world asset tokenization brings to the market that people are
• 16:17
  Speaker 1: starting to really you know, get get a good understanding
• 16:20
  Speaker 1: of I was looking at your Twitter account it says
• 16:22
  Speaker 1: big reveal Tia is now TOTO. So explain to me
• 16:26
  Speaker 1: the transition over to the new token. And for many
• 16:29
  Speaker 1: of our you know, viewers and audience, you guys probably
• 16:32
  Speaker 1: are looking at this, you know from an investment standpoint,
• 16:36
  Speaker 1: But explain to me what this means for TOTO the token.
• 16:40
  Speaker 2: So Timan's started out with tokenization of diamonds, so we
• 16:45
  Speaker 2: are doing this now since several years, becoming a clear
• 16:49
  Speaker 2: leader in that in that niche of diamond tokenization. But
• 16:53
  Speaker 2: we are not stopping there and has explained we are
• 16:55
  Speaker 2: going into a new asset classes basic We're talking about
• 17:01
  Speaker 2: total tokenization, so we're going in gold, diamonds, gold, silver, platinum,
• 17:08
  Speaker 2: maybe even real estate or we did granite recently, so
• 17:14
  Speaker 2: all different kinds of new commodities. Everything that can be
• 17:17
  Speaker 2: token as will be token as, and we're looking into that.
• 17:20
  Speaker 2: And therefore also the utility token is not matching anymore.
• 17:24
  Speaker 2: Just focusing on diamonds is not enough. So that's why
• 17:28
  Speaker 2: we're doing this rebranding to total standing for total tokenization.
• 17:33
  Speaker 2: It is still the universal utility token, and we innovated
• 17:39
  Speaker 2: with a model called owned to earn, So for everybody
• 17:44
  Speaker 2: who owns a tokenized asset will be granted rewards. So
• 17:50
  Speaker 2: if you have diamond hands kind of if you're holding
• 17:53
  Speaker 2: the asset, you will be rewarded for it. But you
• 17:56
  Speaker 2: can see it as alline miles or less. So the
• 17:59
  Speaker 2: more you hold, the longer you hold it, the more
• 18:01
  Speaker 2: rewards you will be granted over time, and then you
• 18:04
  Speaker 2: can use them again to buy additional assets or to
• 18:08
  Speaker 2: use it on the platform to pay other fees. So
• 18:11
  Speaker 2: there's this model had been super successful with TIA, but
• 18:16
  Speaker 2: we're now taking it to the next level of Total.
• 18:21
  Speaker 2: There's yeah, one more very important aspect. I think there's
• 18:26
  Speaker 2: as TIA started out, there's also another competitor in the
• 18:31
  Speaker 2: market with a similar name, and we wanted to avoid
• 18:34
  Speaker 2: any confusion with the name. So we looking for a
• 18:37
  Speaker 2: good solution and it's now the perfect time to actually
• 18:42
  Speaker 2: take that to the next level. Total stands for total
• 18:45
  Speaker 2: organization and really embraces our vision as well. At times, well, it's.
• 18:50
  Speaker 1: Good to hear that there's some potential yield within RWAs
• 18:54
  Speaker 1: which which I think is going to be a unique factor,
• 18:56
  Speaker 1: especially going for when people realize how that works. I'm
• 19:00
  Speaker 1: looking also over on your exchange with potential key exchange
• 19:05
  Speaker 1: listings for total of the token, but also I want
• 19:08
  Speaker 1: to ask about LCx in general, will you be accept
• 19:12
  Speaker 1: or will you have rl usd coming on? When we
• 19:15
  Speaker 1: look at the Ripple stable coin coming to market, it's
• 19:18
  Speaker 1: starting to make its way into a lot of them.
• 19:20
  Speaker 2: Absolutely. LCx is a leading spot crypto exchange in Europe
• 19:26
  Speaker 2: and we have been specializing also in all different kinds
• 19:30
  Speaker 2: of stable coins. We yeah just recently also had been
• 19:36
  Speaker 2: listing circles euro c token and obviously we have to
• 19:42
  Speaker 2: comply to the new MEKA rules in regards to stable
• 19:46
  Speaker 2: coins and asset reference tokens. But listenstein had been always
• 19:51
  Speaker 2: in history to be a market for international settlements and
• 19:55
  Speaker 2: that's where we also see LCx as a strong partner
• 19:58
  Speaker 2: to have a fear on an off rand for stable
• 20:02
  Speaker 2: coins eventually also for our uses or for any other
• 20:08
  Speaker 2: other stable coin. As we are in Europe, we have
• 20:11
  Speaker 2: to comply with MICA which is currently clarity but also
• 20:16
  Speaker 2: uncertainty for a lot of international players because not everybody
• 20:20
  Speaker 2: is ready yet to be fully Mika compliant.
• 20:23
  Speaker 1: Yeah, for sure. I want to talk about something that
• 20:26
  Speaker 1: I think might lean in on this a little bit, MANTI,
• 20:29
  Speaker 1: and that is the idea of not only Web three,
• 20:34
  Speaker 1: but we're already seeing a lot of AI integration and
• 20:37
  Speaker 1: within that. I've got a couple of clips I want
• 20:39
  Speaker 1: to play for you. One is talking about Web three
• 20:42
  Speaker 1: jewelry okay and utility functionality, and I think it might
• 20:46
  Speaker 1: play in to this. So let me play this clip
• 20:49
  Speaker 1: for you and get your opinion. Take a look.
• 20:52
  Speaker 2: Art.
• 20:52
  Speaker 3: Let's see link your physical designer jewelry to your digital persona.
• 20:57
  Speaker 3: Each art jewelry piece contains an embedded while chip. Tap
• 21:01
  Speaker 3: your jewelry to any smartphone to direct it to a
• 21:03
  Speaker 3: website or experience of your choosing. NFT's crypto media, AR
• 21:09
  Speaker 3: and more is infused into the jewelry. Our jewelry can
• 21:12
  Speaker 3: also give access to additional utilities such as concerts and events,
• 21:17
  Speaker 3: marriages and memories, VIP service, gaming rewards and so much money.
• 21:23
  Speaker 3: Then if your assets appreciate resell on our exchange.
• 21:28
  Speaker 1: How would you see this playing out and would it
• 21:31
  Speaker 1: maybe align with some of the things that you guys
• 21:33
  Speaker 1: are doing from a strategy standpoint.
• 21:35
  Speaker 2: So this vision of tokenization and enabling a new layer
• 21:40
  Speaker 2: to any physical product is nothing new, but now with
• 21:45
  Speaker 2: the technology and blockchain, we can actually make it happen. Yeah,
• 21:50
  Speaker 2: and we have an advisor at LCx called Jimmy Wales.
• 21:53
  Speaker 2: He is the founder of Wikipedia and as you know,
• 21:58
  Speaker 2: like this is a long time I'm a friend of
• 22:00
  Speaker 2: mine personally, so I've been following along with my previous
• 22:04
  Speaker 2: companies that have been starting in the Web two field,
• 22:07
  Speaker 2: and there we've been talking about the freedom of knowledge
• 22:11
  Speaker 2: and the Internet of information, and now it feels like
• 22:15
  Speaker 2: we're in the middle of the Internet of Value. And
• 22:19
  Speaker 2: that's why LTx has established this mission to create freedom
• 22:24
  Speaker 2: of Wealth. So similar to Web two point zero focusing
• 22:28
  Speaker 2: of Internet the Internet of information with creating freedom of knowledge,
• 22:33
  Speaker 2: we are now in the Internet of value where we
• 22:37
  Speaker 2: enable the freedom of wealth.
• 22:39
  Speaker 1: AI is probably going to be a big part of
• 22:41
  Speaker 1: this in the future. I want to play one more
• 22:43
  Speaker 1: clip for you and get your opinion on this. This
• 22:45
  Speaker 1: is more toward AI jewelry take a.
• 22:47
  Speaker 4: Look, but now we get to fully customize it. I'm
• 22:51
  Speaker 4: going to choose gold and from these elements, I went
• 22:54
  Speaker 4: with crossan. We can choose a special word to describe
• 22:56
  Speaker 4: our design. I just went with cute. I will give
• 22:59
  Speaker 4: us four different options of what this necklace can look like.
• 23:02
  Speaker 4: These are the cutest little crossand necklaces I've ever seen.
• 23:06
  Speaker 4: I'm going to choose this option, and then our jewelry
• 23:09
  Speaker 4: is going to make this custom design a reality. Wait,
• 23:14
  Speaker 4: these are actually so sick. So here's what I added.
• 23:17
  Speaker 4: Then I'm going to name it, and it's going to
• 23:18
  Speaker 4: generate four different rings to choose from. I chose this
• 23:20
  Speaker 4: one or for the other two. I'm just going to
• 23:22
  Speaker 4: show the list of what I chose.
• 23:23
  Speaker 1: So you've got AI jewelry coming now into the market.
• 23:27
  Speaker 1: So it looks like this space is heating up pretty quickly.
• 23:31
  Speaker 1: When you look at that and you think about the
• 23:33
  Speaker 1: like you said, kind of the Internet of value that's
• 23:36
  Speaker 1: starting to come into blockchain took a nice real world assets.
• 23:40
  Speaker 1: Whether we see all sorts of integration within you know,
• 23:43
  Speaker 1: the jewelry category. I think there's a lot of opportunity
• 23:46
  Speaker 1: here for sure. Is there anything when you look at
• 23:48
  Speaker 1: your roadmap that is aligning with that kind of technology
• 23:52
  Speaker 1: that is starting to make its way into Web three,
• 23:55
  Speaker 1: Anything that you guys are doing yet.
• 23:57
  Speaker 2: With these thousands of new tokens. How do you discover
• 24:01
  Speaker 2: new tokens? That's something where we've been looking into these
• 24:06
  Speaker 2: algorithms from Spotify and Amazon, but these are not enough
• 24:11
  Speaker 2: to grasp these huge amount of parameters you need to
• 24:15
  Speaker 2: look at when you do your own research on any
• 24:17
  Speaker 2: crypto assets. So at LCx, we had been doing a
• 24:20
  Speaker 2: lot of research on this AI discovery. How can we
• 24:24
  Speaker 2: use artificial intelligence to guide our users to discover the
• 24:28
  Speaker 2: next new asset class and how can we create parameters
• 24:32
  Speaker 2: to classify them? And I think that's where I really
• 24:38
  Speaker 2: can make a big difference for any investors. And if
• 24:41
  Speaker 2: you look at crypto as a whole, there's this super
• 24:45
  Speaker 2: cycle where we are in the middle where there's hundreds
• 24:48
  Speaker 2: and thousands of new assets coming in and you need
• 24:51
  Speaker 2: to like filter and to diversify your portfolio, probably find
• 24:57
  Speaker 2: the new cryptogam out of these vast wave of different
• 25:03
  Speaker 2: token options. When we talk about tokenization of financial assets,
• 25:08
  Speaker 2: we are talking about taking the crypto industry to one
• 25:12
  Speaker 2: hundred x or even more everything and the whole financial
• 25:17
  Speaker 2: industry as we know it, we'll be running on crypto
• 25:21
  Speaker 2: and blockchain technology similar to HGDP had been revolutionizing knowledge
• 25:27
  Speaker 2: and the Internet of Knowledge. We are now in the
• 25:31
  Speaker 2: age of intelligence and age of the Internet of value.
• 25:37
  Speaker 1: Yeah, for sure. Listen Manty, it's been great having you
• 25:40
  Speaker 1: on the show today. Thank you so much for us
• 25:42
  Speaker 1: learning a little bit more about LCx and TM and
• 25:44
  Speaker 1: so we'll definitely be watching your progress over this year
• 25:48
  Speaker 1: and we'll check back with you soon. Thanks for coming in, Paul,
• 25:52
  Speaker 1: Thank you so much. Talk all right, So you guys
• 25:55
  Speaker 1: are part of the If you're not part of the
• 25:57
  Speaker 1: Diamond Circle, we'll get in on that. It's our own
• 25:59
  Speaker 1: price it group. That is very cool because you get
• 26:02
  Speaker 1: additional content. We do webinars over there, additional coaching, all
• 26:05
  Speaker 1: sorts of stuff that you guys can get into just
• 26:08
  Speaker 1: by clicking the link and starting down below. And of course,
• 26:10
  Speaker 1: if you're not following me out there on X, it's
• 26:12
  Speaker 1: just at Paul Baron. We'll catch you next time right
• 26:14
  Speaker 1: here on Techpath