DEIP-What problem are you solving?

 

What problem are you solving? Alexey Kulik, Chief Architect DEIP

We are having problem of low liquidity of tangible assets. Why is this problem? That because by nature intangible assets are very difficult to evaluate and assess which means that we can't know their real market value. And this leads to thousands of such inventions and assets sitting in the companies without being utilized. We are building infrastructure which will allow to quickly evaluate such assets quickly exchange them without any intermediaries and also govern the process of these assets creation.

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 https://www.youtube.com/watch?v=eZaghxInujM

(Oct 14, 2021)

What is the size of your market? How does it change?

The size of the market of creator economy or creative industry globally is already more than 2 trillion dollars and the growth is still accelerating. You can see it from outside perspective it's really easy to notice that now anyone can become a creator. The barrier is less and less to enter this market to become a creator. And in the future it will be even more accessible, the capital will be more accessible, the resources will be more accessible, investment will be more accessible and this will drive the growth even further. 

And as I already said, I believe that in the future creative economy will be the biggest market in the world, so therefore it's more important not what is the potential of this market than what is the current size has it already very ig.

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How does your business model work? Alex Shkor, CEO DEIP

As a public network, our core business model is our token, which is used for governance of the network for voting council members or for validators, to stake DEIP tokens on specific industries, verticals, which effectively leads for more capital allocation for this vertical and so on.

We also provide a constructor and a framework to create portals, but this is actually for free, therefore, like all these portals can use it for free, it's open-source, we do not charge any money for this, but we also might be providing a hosted version, if you don't want to host it yourself, then we can host it for you, and we basically will be charging fees to cover cost of this infrastructure and may be just like a small margin on top of it.

How is your business regulated? Is there a relationship with regulators? Alex Shkor, CEO DEIP

Since we are focused on tokenization of real world assets, intangible assets, we anyway here to deal with regulation, with compliance, with existent regulations and jurisdictions. And it's very important because it allows us to attach real world value to the asset and make in these NFTs more valuable, comparing to lust regular NFTs with just scarcity based model or just pure speculative base model. But from the another hand, we need to worry about this jurisdiction, we need to care about it. And in our network, in out protocol, every portal is responsible for compliance of all the assets they register. We of course provide all the frameworks, but portal charge fees for registration, therefore they are responsible for all their assets they register. 

What's under the hood? tell us about your technology? Yahor Tsaryk, CTO DEIP

Our newest blockchain protocol is implemented with the help of Substrate framework. The legacy implementation was built with the help of Graphene framework, but now we've completely migrated it to Substrate as it offers much more cool features due to its modularity and interconnection between chains.