metadata: {"type": "project", "title": "World Builders' Protocol", "logoImg": "bafkreid7pn3nqwz4rilrc5wouciw4sokfci5so3tzo6gbgodysw3rfg74q", "website": "https://vitalia.city", "bannerImg": "bafkreid57z4jsi7aliuycplx45dv7vnkxn2pq5xyehxsto56a4t7xjtjde", "createdAt": 1721242631126, "userGithub": "nelsonvita", "credentials": {}, "description": "Introduction\n\nVitalia is building a decentralized city for biotech acceleration. Vitalia\u2019s first hub is in a special jurisdiction with pro-crypto and pro-technology laws. Vitalia uses crypto to overcome a big problem: access to finance for real-world infrastructure (e.g., clinics, labs, residential). To solve this problem, Vitalia is building a protocol that allows crypto crowdfunding and tokenization / collateralization of real-world assets against which to borrow money. \n\nThe Beta Test\n\nWe want to fund a Human Enhancement Clinic (HEC) with a lunarpunk aesthetic for the first project. We are looking for funding from the Gitcoin round to tackle the following (in order of priority):\n\n- Create and deploy the smart contract necessary to be the backbone of this. We expect to use a simple ERC-20 contract with some slight modifications to make this viable\n\n- The token for the HEC will launch with a conversion rate of 1 USD per token and an initial sale of 70% of tokens towards funding the project, 10% to reward project contributors, and 20% belonging to a treasury\n\nMonetization For Contributors\n\n- Yearly revenue from the rental pool: Once a year, token holders can claim USDC, corresponding to money received from the rent of the physical spaces. We are expecting a 10%\u201415% APR on rental space\n\n- Claim USDC when a direct sale is made: when a direct sale is made, token holders can claim a percentage of the sale corresponding to the number of tokens they are holding\n\nWhy Vitalia?\n\nVitalia is positioned as a great executor for this project because:\n\n- We operate in a Special Economic Zone (SEZ), which allows us to write our own regulations regarding the blockchain's integration of real-world assets, and it would seamlessly API-integrate with their official property title registry\n\n- The SEZ has its own arbitration center, which can provide additional security to token holders that their investments are safe\n\n- We have strategic partnerships with Ixian, a law firm specializing in Web3 and Legal Engineering; BioFoundry, which is already tokenizing other kinds of assets inside the zone; and a world-class real estate development company that will start operations inside the zone.\n\n- We have a high demand for commercial and lab spaces from entrepreneurs working in biotech who want to provide services through medical tourism here or run early-stage clinical trials inside the zone, which ensures a good APR from regulatory arbitrage.\n\n- As the SEZ grows through additional projects, the land will become increasingly valuable, ensuring a great ROI if the spaces inside the building or the project itself are sold \n\n- Vitalia has an extensive investor network willing to invest via token or traditional means to ensure the project's success\n\nUse of Funds\n\nWe are going to allocate the funding received through the Gitcoin round to accelerate progress on the project by:\n\n- Developing an open-source legal framework for tokenizing real-world assets that anyone interested in replicating our model could use.\n\n- Developing a Smart Contract that fulfills the needs of tokenizing real-world assets, including the mechanisms for supporters to get their APR and ROI in case of a sale.\n\n- Develop the construction plans for the laboratory, which will serve as the beta test.\n", "logoImgData": {}, "bannerImgData": {}, "projectTwitter": "VitaliaCity"}
name: World Builders' Protocol