Latest / The Paul Barron Crypto Show / Tokenized Gold Transactions on Solana🪙Velo INTERVIEW

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Tokenized Gold Transactions on Solana🪙Velo INTERVIEW · The Paul Barron Crypto Show

• 0:05
  Speaker 1: To be breaking down a project. From time to time,
• 0:08
  Speaker 1: we do those. This is Vello Labs today we'll be reviewing.
• 0:11
  Speaker 1: Of course, this is going to get into some detail
• 0:13
  Speaker 1: of what's happening within that ecosystem. You guys don't wan
• 0:16
  Speaker 1: to miss it. My name is Paul Barron. Welcome back
• 0:18
  Speaker 1: into the show. Let's get into it today, and I
• 0:20
  Speaker 1: do want to bring in the coeo Vello Labs coming
• 0:24
  Speaker 1: in and of course that's Pat.
• 0:25
  Speaker 2: Pat. How are you good? Hi? Thanks thanks for having
• 0:29
  Speaker 2: me here.
• 0:30
  Speaker 1: Excellent. So before we get to moving into some of
• 0:33
  Speaker 1: the questions, I want to kind of give an outline
• 0:36
  Speaker 1: of Vello. We've had you guys on the show before,
• 0:39
  Speaker 1: obviously that was in alliance with Solana and some other
• 0:43
  Speaker 1: team members. I want to kind of go into a
• 0:46
  Speaker 1: framework for our audience to really understand what Vello is
• 0:49
  Speaker 1: all about. Give us an update of where you guys
• 0:51
  Speaker 1: are today.
• 0:53
  Speaker 2: So we have a recent refocused and sort of redefine
• 0:57
  Speaker 2: what we're trying to focus here. So essentially, what we're
• 1:00
  Speaker 2: trying to build here is a financial super highway infrastructure
• 1:03
  Speaker 2: that's integrated what we call a Web three plus ecosystem,
• 1:07
  Speaker 2: basically bringing in traditional finance closer with the decentralized finance
• 1:11
  Speaker 2: or DeFi. Our mission here is still to make money
• 1:14
  Speaker 2: movement faster and more secure and more inclusive, especially in
• 1:18
  Speaker 2: our region where access to financial tools is still uneven.
• 1:23
  Speaker 2: So what we're trying to offer here is a programmabale
• 1:25
  Speaker 2: liquidity infrastructure combining with real world assets support. We're trying
• 1:30
  Speaker 2: to stop pain point where there is inefficient cross border transaction,
• 1:35
  Speaker 2: fragmented liquidity, and limited access to digital financial services.
• 1:39
  Speaker 1: Where do you see the growth right now for Velo?
• 1:42
  Speaker 1: Is it mostly in Asia? I know you guys are
• 1:45
  Speaker 1: based there, but or do you see Europe as being
• 1:49
  Speaker 1: a major market or South America? Where where do you
• 1:51
  Speaker 1: find the potential here for the company?
• 1:55
  Speaker 2: I think the areas where it's targeting here is areas
• 1:57
  Speaker 2: where the infrastructure is still inefficient. That areas like in
• 2:01
  Speaker 2: Asia where we operate. We also see potential in areas
• 2:05
  Speaker 2: like in Africa or South America as well. But these
• 2:08
  Speaker 2: are huge markets and very unique problems in different regions.
• 2:13
  Speaker 2: So even though we say, you know, we're saying we're
• 2:17
  Speaker 2: we're trying to focus here and solving issues in Asia,
• 2:21
  Speaker 2: but also to be opportunistics to other opportunities that as
• 2:25
  Speaker 2: they come. So we're keeping eye out on other regions,
• 2:28
  Speaker 2: but at some point we've got to have, you know,
• 2:30
  Speaker 2: very specific focus and that's in Asia right now.
• 2:33
  Speaker 1: So you guys were in the you were featured in
• 2:36
  Speaker 1: the Finance Alphas not long ago when that happened. Obviously,
• 2:41
  Speaker 1: Finance very focused on Asia in terms of their trading markets.
• 2:45
  Speaker 1: First of all, how did that trading competition go? What
• 2:47
  Speaker 1: was kind of the result?
• 2:49
  Speaker 2: So the trading competition just ended at the end of June.
• 2:53
  Speaker 2: I think that went quite well. So just to recap,
• 2:56
  Speaker 2: it was a trading off competition on Binance Alpha. Binan's
• 3:00
  Speaker 2: Alpha from time to time highlights certain promising token projects.
• 3:06
  Speaker 2: I think over the course of the trading competition there
• 3:10
  Speaker 2: was over I think one billion dollars worth of trading volume,
• 3:14
  Speaker 2: so that was quite good for us. I think what
• 3:16
  Speaker 2: we're trying to get here is more coverage, more and
• 3:19
  Speaker 2: more interest into our projects. So hopefully that'll bring more
• 3:23
  Speaker 2: users to have an interest in our project, take a
• 3:28
  Speaker 2: look into what we're trying to doing here, and hopefully
• 3:30
  Speaker 2: be able to try some of our products in the market.
• 3:34
  Speaker 1: One thing that we have focused on here on the channel,
• 3:36
  Speaker 1: we've talked about tokenized gold, and our WA's quite a
• 3:39
  Speaker 1: bit because there's a handful of projects out there that
• 3:42
  Speaker 1: are building around that. We have not seen a real
• 3:47
  Speaker 1: unique focus around gold, especially when you think about tokenized gold.
• 3:52
  Speaker 1: Explain to me what Vilo is trying to do or
• 3:54
  Speaker 1: Vello is trying to do in that area.
• 3:58
  Speaker 2: So essentially gold is is it's a very big commodities
• 4:05
  Speaker 2: that being traded. It's a store of value that is
• 4:08
  Speaker 2: widely used in different markets, especially in Asia. Gold itself
• 4:12
  Speaker 2: has a large trading volume, especially in Thailand or in
• 4:17
  Speaker 2: countries like China as well, but beyond that, it's still
• 4:21
  Speaker 2: a store of value. As I mentioned, So by tokenizing gold,
• 4:24
  Speaker 2: what we're trying to bring here is an asset that's
• 4:28
  Speaker 2: on chain that can be used to allow for other
• 4:31
  Speaker 2: financial services to build upon. For example, a use case
• 4:36
  Speaker 2: that we're trying to look into is something like trade finance. Right,
• 4:38
  Speaker 2: so instead of you know, users can use something like gold,
• 4:42
  Speaker 2: tokenized gold as collateral to allow for trade financing to happen.
• 4:46
  Speaker 2: That's one way. Also we could use it as in
• 4:49
  Speaker 2: terms of liquidity to bring it to the ecosystem to
• 4:53
  Speaker 2: allow for cross border payments in certain corridors. As well,
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  Speaker 2: So there's you know, we see it as a pillar
• 5:00
  Speaker 2: of our ecosystem that would allow and unlock other use
• 5:03
  Speaker 2: cases that will stop inefficiency that we see.
• 5:08
  Speaker 1: So would all this ride on the Nova chain with
• 5:11
  Speaker 1: you guys.
• 5:14
  Speaker 2: Nova chain is one chain that we have and a
• 5:17
  Speaker 2: lot of activities can be on there, but we're going
• 5:19
  Speaker 2: with a multi chain strategy so it doesn't have to
• 5:23
  Speaker 2: be just Nova chained. So as you mentioned last year,
• 5:26
  Speaker 2: we partnered with Solana, so we are also exploring utilizing
• 5:31
  Speaker 2: Sonaria in certain use cases as well, so we're not
• 5:34
  Speaker 2: limited to our using our own chain. We're going with
• 5:37
  Speaker 2: Malti acid because we want to bring liquidity's in different
• 5:40
  Speaker 2: from different chains to be able to pass through. It
• 5:43
  Speaker 2: allows more steam lists between different ecosystem basically.
• 5:47
  Speaker 1: So okay, So OURBA is growing in terms of popularity
• 5:51
  Speaker 1: obviously we've seen large amount of growth here in the US.
• 5:53
  Speaker 1: Goal will be an interesting one if you guys are
• 5:56
  Speaker 1: effective on how that's going to go. All of that,
• 5:59
  Speaker 1: we'll talk about MAP in a second. I want to
• 6:01
  Speaker 1: get into a little bit around DeFi because the idea
• 6:05
  Speaker 1: of what you guys are doing or the concept that
• 6:07
  Speaker 1: you guys are talking about in terms of restaking now
• 6:10
  Speaker 1: gaining traction in defied circles. Explain to me what that
• 6:14
  Speaker 1: means and how you guys are planning to implement it.
• 6:19
  Speaker 2: So, so, by tokenizing something like gold allows for easier
• 6:24
  Speaker 2: access digitally for people to get exposure to, you know,
• 6:28
  Speaker 2: the yield that comes from the increase in pricing of gold.
• 6:32
  Speaker 2: But beyond that, we also would allow users to be
• 6:35
  Speaker 2: able to use these tokenized gold to ask collateral to restick,
• 6:40
  Speaker 2: to be able to earn other yields as well. So
• 6:43
  Speaker 2: I think it's an interesting concept that would allow for
• 6:47
  Speaker 2: yield opportunities for people to hold hold these tokenized assets,
• 6:52
  Speaker 2: but it also allows for more capital efficiency and returns.
• 6:56
  Speaker 2: And this sort of multi layer strategy allows us to
• 6:59
  Speaker 2: be value from assets that would otherwise sit idly and
• 7:04
  Speaker 2: brings more liquidity and use cases to the decentalized ecosystem
• 7:08
  Speaker 2: that we have.
• 7:09
  Speaker 1: This is a huge market when you look at a
• 7:12
  Speaker 1: real world asset allocation and you see the growth that
• 7:15
  Speaker 1: we've seen around our Toba's just in the past twelve
• 7:18
  Speaker 1: months in terms of total addressable potential here, especially when
• 7:23
  Speaker 1: you think about gold being inserted in this which is
• 7:25
  Speaker 1: running around thirteen fourteen trillion. What is the opportunity here
• 7:30
  Speaker 1: for you guys in terms of overall market share, et cetera.
• 7:34
  Speaker 1: Where do you guys see big accelerated growth for VELO.
• 7:41
  Speaker 2: I think, you know, going back to earlier what I
• 7:44
  Speaker 2: mentioned is this focus is in the payments that work.
• 7:46
  Speaker 2: So there's different ways that we think about it. One
• 7:49
  Speaker 2: is in terms of cross border payments, how we can
• 7:53
  Speaker 2: bring the you know, our infrastructure to be able to
• 7:57
  Speaker 2: offer an alternative to the inefficiencies that we see. I
• 8:02
  Speaker 2: like to mention sort of these specific use cases, but
• 8:05
  Speaker 2: in exotic currencies that we see for several taibat or
• 8:10
  Speaker 2: Filipino pesels, the inefficiency is there's no direct conversion between
• 8:15
  Speaker 2: the two currency. It usually goes from high bat to
• 8:18
  Speaker 2: us E and UC to Filipino pestels. This two hots
• 8:21
  Speaker 2: increase obviously the fees and infficiency. By providing an alternative infrastructure,
• 8:27
  Speaker 2: we could allow for that to be bypassed and to
• 8:30
  Speaker 2: be direct conversion between the two. Obviously were that would
• 8:33
  Speaker 2: need us to be able to aggregate liquidities within the ecosystem,
• 8:38
  Speaker 2: but also beyond that, beyond just infinition, the inefficiency also
• 8:43
  Speaker 2: in terms of the movement of money to be twenty
• 8:47
  Speaker 2: four to sevens not limited by banking hours, and also
• 8:52
  Speaker 2: allow it to happen, you know, at any given time.
• 8:54
  Speaker 2: That's just one way that we're trying to bring our
• 8:58
  Speaker 2: infrastructure to inefficiency. The other part I want to highlight is,
• 9:02
  Speaker 2: you know, crossworder movement is not moving point A to
• 9:06
  Speaker 2: point B. What we see also is companies with distributed
• 9:12
  Speaker 2: workforce wanting to be able to work to sort of
• 9:15
  Speaker 2: manage their payroll. Right, So if you're a company you
• 9:18
  Speaker 2: have people working in ten different countries, you know you
• 9:21
  Speaker 2: have to work in ten different countries payroll and you
• 9:24
  Speaker 2: know the payments itself that needs to go through. So
• 9:28
  Speaker 2: the benefit of having blockchain is you know, being able
• 9:31
  Speaker 2: to program different movement of funds, so in one click
• 9:36
  Speaker 2: you can essentially have these funds distributed to your workers
• 9:40
  Speaker 2: efficiently and easily for your HR. So those are some
• 9:43
  Speaker 2: of the things that we're talking about. The other part
• 9:46
  Speaker 2: is the immersion network payments. So how do we allow
• 9:53
  Speaker 2: people to have assets on web three, be able to
• 9:56
  Speaker 2: use those assets to make payments in the real world,
• 10:00
  Speaker 2: and allow merchants to be able to settle into a
• 10:02
  Speaker 2: fiat currency. That's something that we also look into so
• 10:05
  Speaker 2: I can't really say in numbers what we expect to
• 10:10
  Speaker 2: be able to capture. But these are large markets and
• 10:13
  Speaker 2: these are large problems that we're trying to solve here,
• 10:16
  Speaker 2: and just capturing a SERD percentage means a lot to
• 10:20
  Speaker 2: us already. Yeah.
• 10:21
  Speaker 1: Well, I mean, you look at your statement here supercharging
• 10:25
  Speaker 1: the velocity of money, and that's something that I think
• 10:28
  Speaker 1: a lot of people are watching right now, especially in
• 10:29
  Speaker 1: the market conditions even though there's been somewhat of a
• 10:32
  Speaker 1: turn down since last December, even though bitcoin now is
• 10:36
  Speaker 1: still over one hundred K. You look at some of
• 10:38
  Speaker 1: the performance of the market and also some of the
• 10:41
  Speaker 1: analysis I was looking at the Massari report recently on
• 10:44
  Speaker 1: you guys. When you look at that kind of analysis,
• 10:48
  Speaker 1: does that first of all, if you can give us
• 10:50
  Speaker 1: a breakdown of maybe some of the highlights within that
• 10:53
  Speaker 1: that they focused on. But I want to get your
• 10:55
  Speaker 1: opinion on what does that do for you guys in
• 10:58
  Speaker 1: terms of focusing on a lot of where you guys
• 11:00
  Speaker 1: are performing.
• 11:03
  Speaker 2: So just some of the highlights that the reported the
• 11:06
  Speaker 2: report on Missori had was the daily average transaction on
• 11:10
  Speaker 2: Envelope pro com network jump by twenty six percent. Daily
• 11:13
  Speaker 2: active addresses were up by fifteen percent over the period.
• 11:17
  Speaker 2: This is, you know, in a period where the market
• 11:20
  Speaker 2: had relatively downturned in terms of the over liquidity and pricing.
• 11:25
  Speaker 2: So from a project standpoint, I think that's the focus here.
• 11:29
  Speaker 2: We're trying to build real businesses, real use cases, and
• 11:32
  Speaker 2: those metrics are good for us, are positive. It means
• 11:37
  Speaker 2: that we're growing in spite of negative sentimental overall market condition.
• 11:43
  Speaker 2: We have growth in terms of our usage as I mentioned,
• 11:46
  Speaker 2: but also in terms of our product or a nova
• 11:48
  Speaker 2: chain as I mentioned, but also our cross chain transfer
• 11:52
  Speaker 2: called WARP. So these are good things and we're thankful
• 11:56
  Speaker 2: that we're sorry, we're able to highlight all these growth
• 11:59
  Speaker 2: that we've had over the past or.
• 12:01
  Speaker 1: So okay, so good news on the Finance Alpha program.
• 12:04
  Speaker 1: I'm sorry giving you guys kind of a green light. Obviously,
• 12:08
  Speaker 1: you guys have your roadmap coming out. If you think
• 12:10
  Speaker 1: about users developers, this is one of the things that
• 12:13
  Speaker 1: users and developers want to see, and that is a
• 12:16
  Speaker 1: real solid roadmap. What can you share. I'm pulling this
• 12:20
  Speaker 1: one up right now, so it's kind of got future projects.
• 12:23
  Speaker 1: You got what you've got coming around here toward the
• 12:26
  Speaker 1: end or soon in twenty twenty five. Is there anything
• 12:30
  Speaker 1: specific that you're thinking, Wow, this is going to be
• 12:32
  Speaker 1: one of the key things that both devs and users
• 12:35
  Speaker 1: are we're going to flock to.
• 12:38
  Speaker 2: So just to refocus the area that we have, I
• 12:41
  Speaker 2: think it's hard to say we need to do just
• 12:44
  Speaker 2: one thing to be to succeed. What we've seen is
• 12:47
  Speaker 2: that we need to really build out different parts together,
• 12:49
  Speaker 2: the quidity, the settlement of payments together in orders for
• 12:53
  Speaker 2: all of it to succeed. So what we like to
• 12:56
  Speaker 2: say is in the past is building the foundation, getting fashion,
• 13:00
  Speaker 2: putting the market out there, building awareness. Next part is
• 13:03
  Speaker 2: actually how do we scale our usage, our utility of
• 13:07
  Speaker 2: our platform to bring in more users. So the next
• 13:10
  Speaker 2: step for us is going to market, bringing use as
• 13:12
  Speaker 2: many users as possible into our ecosystem, finding new use
• 13:17
  Speaker 2: cases to provide value to our customers.
• 13:22
  Speaker 1: Explain to me, because I'm looking here at the coming soon.
• 13:25
  Speaker 1: One that's intriguing to me is Orbit. So that's a
• 13:28
  Speaker 1: loyalty platform, but it's a white label loyalty platform that
• 13:32
  Speaker 1: you're proposing. Would that count in terms of total transactions, etc?
• 13:39
  Speaker 1: Within the chain itself? As you guys start to roll
• 13:42
  Speaker 1: these out. How would that play out in terms or
• 13:44
  Speaker 1: is it independent chains? Explain a little bit more about it.
• 13:48
  Speaker 2: Yeah, so we've opened our orbit infrastructure for a third
• 13:52
  Speaker 2: party partner that we have to be able to use
• 13:55
  Speaker 2: our infrastructure, so it would count as our overall transaction
• 13:58
  Speaker 2: within our ecosystem. But they're operating you allowing for loyalty
• 14:03
  Speaker 2: points to be converted with accepted moersion. So this is
• 14:07
  Speaker 2: a use case of our technology, our infrastructure and use
• 14:10
  Speaker 2: it in real world use cases. So yes, we do
• 14:12
  Speaker 2: count this as part of a growth metric.
• 14:17
  Speaker 1: Yeah, okay, so in terms of next generation vision, so
• 14:20
  Speaker 1: there was a few in here, the super wallet infrastructure.
• 14:24
  Speaker 1: I thought this was interesting. This is going to be
• 14:25
  Speaker 1: payment loyalty platform kind of all encompassing. Is that kind
• 14:30
  Speaker 1: of the vision of where you see Velo going in
• 14:32
  Speaker 1: terms of trying to create more of almost a super
• 14:35
  Speaker 1: app or super feature I should say, around the chain itself,
• 14:40
  Speaker 1: especially when it comes to wallet and loyalty being in
• 14:43
  Speaker 1: one place.
• 14:45
  Speaker 2: Yeah, a super a yeah, especially some version of super app.
• 14:48
  Speaker 2: What we see is what we like to think is
• 14:51
  Speaker 2: a wallet. You know, when when when we think of
• 14:53
  Speaker 2: from a users standpoint, and you have a wallet, you
• 14:56
  Speaker 2: want to to be able to use that wallet to
• 14:58
  Speaker 2: connect your assets, to be able to make purchases at
• 15:01
  Speaker 2: merchant accept that partners so make payments, right, but that
• 15:05
  Speaker 2: might not happen all the time, So how do we
• 15:08
  Speaker 2: encourage users to come to our application and benefit from it.
• 15:12
  Speaker 2: So that's also you know, we look in terms of
• 15:15
  Speaker 2: trading or earning yields, So any leftover funds that you
• 15:20
  Speaker 2: left in wallet that's not being used for payments could
• 15:22
  Speaker 2: also potentially be earning yields for you as well. So
• 15:26
  Speaker 2: we want to have an app that that benefits are
• 15:29
  Speaker 2: users the most, and we want to envision a variety
• 15:34
  Speaker 2: of different use cases that the users can benefit from.
• 15:38
  Speaker 1: Yeah, well, first of all, congrats on all the things
• 15:40
  Speaker 1: you guys are doing, because I think the key here
• 15:42
  Speaker 1: on at least on Web three, we're starting to see
• 15:44
  Speaker 1: some breakouts in the market where people are not only
• 15:49
  Speaker 1: starting to utilize blockchain, but now they're starting to see
• 15:51
  Speaker 1: the use cases, whether it's our Toba's what we'll see
• 15:53
  Speaker 1: in the payment architecture, a lot of activity in the market.
• 15:57
  Speaker 1: So congrats to you guys, thanks for coming in, and
• 16:00
  Speaker 1: we're definitely going to check back with Vello as you
• 16:02
  Speaker 1: guys start to resolve some of these roadmaps for sure.
• 16:05
  Speaker 1: But appreciate you coming in today.
• 16:08
  Speaker 2: Thank you for having.
• 16:09
  Speaker 1: Me, you bet, thanks Matt. All right, So guys, if
• 16:12
  Speaker 1: you're not in the Diamond Circle, that's a place where
• 16:14
  Speaker 1: you guys can get additional content from us, and it's
• 16:17
  Speaker 1: very easy to join. We always leave a link down
• 16:19
  Speaker 1: below in the description, so jumping in there. We also
• 16:23
  Speaker 1: have a Telegram group, which is where I actually communicate
• 16:26
  Speaker 1: directly with our users, so you guys can also join that.
• 16:28
  Speaker 1: We only have one, so it'll fall for the fake
• 16:31
  Speaker 1: ones out there. Only one Telegram group. We always leave
• 16:33
  Speaker 1: the link, and of course you can follow me out
• 16:35
  Speaker 1: there on X at Paul Baron. We'll catch you next
• 16:38
  Speaker 1: time right here on the Paul Baron Show.