metadata: {"signature": "0xcc6d1138889ba7210c9cc88c91bbd9b68e8fe2c4ab8d23cde9d44e832ad3fe6c30c55cd25a0497d52c2aa61141606bef4f18c4214f60f657259febd2862df6cb1b", "application": {"round": "0x523d76f39f6e6c7dd6a6707ed3b4490a386434a2", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "lBt+ibfFvWduPJGm+umV3B6Evq3iw7jpbpmd5VUU1m4IoQufNqBQB4Ru+sNMzu8k", "encryptedSymmetricKey": "bd9397b990f517bcda162f7abe4fd890dda6bd2d4ff515f9e7192976928ee54c56937789ecffc6f4d4bdc38fb8461506f2283e730186307f2d75bbd40e7c07b4b7133a61ffc93db8fb981a5a3dd1e7333f69c8317da4e312e08142f036383290e2f60f73a7ef5023b44dbf4e5a674864ef6f8549a5b87c9f0fdb735e06f702100000000000000020de50627a29957b02fa67cbfca2fe40333a0b582bd11fcc0ec2e59f13043ec14a5f2b048594901053e61b43c3f5b6aa92"}}, {"type": "multiple-choice", "answer": "Building - Deployment of RWAs", "hidden": false, "question": "Which of the following RWAIG funding categories does your project fall under? ", "questionId": 1}, {"type": "number", "answer": "35000", "hidden": false, "question": "Funding Request ($USD) ", "questionId": 2}, {"type": "paragraph", "answer": "Sonica addresses the complexity and inaccessibility of tokenizing RWA. Many businesses, particularly those outside of the blockchain sphere, find it challenging to leverage blockchain technology for asset management and investment. Our platform simplifies the tokenization process, making it accessible and efficient for various industries to tokenize and manage assets securely and compliantly.", "hidden": false, "question": "What problem is your project solving in the RWA space?", "questionId": 3}, {"type": "paragraph", "answer": "Sonica uniquely integrates a no-code platform with a robust API, catering to both blockchain novices and experts. Our platform is distinguished by its comprehensive tokenization ecosystem, collaborating with various partners from legal frameworks to token distribution, streamlining the entire process into one simple journey. Launching in Brazil, a major economy with advancing regulations, and backed by Arbitrum's low transaction costs and high throughput, Sonica enhances RWA management and facilitates global blockchain adoption.", "hidden": false, "question": "Explain how your project is different from others and will bring value to the RWA ecosystem on Arbitrum. ", "questionId": 4}, {"type": "paragraph", "answer": "Our product is live and fully functional. Our focus is now on evolving the product further, enhancing UI/UX, and connecting with as many partners as possible to extend our ecosystem's reach and capabilities.", "hidden": true, "question": "[Answer this if you have chosen Building - Deployment of RWAs, otherwise type N/A] What stage of development is your project currently in?", "questionId": 5}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Building - Strengthening Analytics, otherwise type N/A] How many Arbitrum users or projects (rough estimate) would benefit from the analytics you are providing?", "questionId": 6}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Building - RWA Token Standards, otherwise type N/A] How will the standard make it smoother to deploy RWAs onto Arbitrum?", "questionId": 7}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Research, otherwise type N/A] Describe how your research will lead to reduced costs for projects aiming to deploy RWAs on Arbitrum.", "questionId": 8}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Awareness, otherwise type N/A] Describe your awareness content piece and outline its structure in detail.", "questionId": 9}, {"type": "short-answer", "answer": "Law Firms and Financial Institutions", "hidden": true, "question": "What is the target audience for this project? ", "questionId": 10}, {"type": "paragraph", "answer": "Alexandre Adoglio (Head of Marketing): Alexandre's over 15 years of marketing experience are crucial in driving our product's market penetration and user engagement.\n\nEvandro Pomatti (Cloud Architect and Head of Security): Ensures our platform's architecture is robust and secure, providing the backbone for our services.\n\nLucas Azzolini Vieira (Senior Developer): Key in both front-end and back-end development, ensuring our platform operates seamlessly.\n\nMarcio Gonzaga Jr (Head of Product): Bringing over 15 years of experience in project management and product development, with deep expertise in blockchain technologies.\n\nRenan Santinon (Blockchain Developer): Specializes in developing secure, efficient blockchain solutions, vital for our smart contract and token operations.", "hidden": true, "question": "What are the roles and experiences of project team members?", "questionId": 11}, {"type": "paragraph", "answer": "Sonica has raised $400k in pre-seed funding in early 2023, which has been utilized for product development and market exploration.", "hidden": true, "question": "How much funding has your project raised already?", "questionId": 12}, {"type": "short-answer", "answer": "Only by the \"Arbitrum New Protocols and Ideas 2.0\". No other grant programs.", "hidden": true, "question": "Is this project already funded by other grant programs? If funded by any Arbitrum-related programs, please specify.", "questionId": 13}], "project": {"id": "0xa68166a609f0c58806a8b884b3906dc3bf5063ec99f21477dcb3c925dba801a7", "title": "Sonica", "logoImg": "bafkreibrlijja3zmmk3f52exeszfdhmtv7e2monoka33ktwheozvoclj5a", "metaPtr": {"pointer": "bafkreidnq446gusomyretr4ul62bnv5kqrperyu5moui2zmuedw7y4fphy", "protocol": "undefined"}, "website": "https://l1nq.com/sonica-rwa", "bannerImg": "bafkreiclbfppijrvahjaus6jzuz4e77g264ixkmy6adoefzz5cmgyyldl4", "createdAt": 1722968395227, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..GYlVeUk6FGNsjQqx8gL3TItXrlah49n8l943ynxhSSelmrbQXBvg9xSm6LHcxmC2tzAUfcCAYF9ja6zz5K-HAA", "type": "Ed25519Signature2018", "created": "2024-08-06T18:10:55.416Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-08-06T18:10:55.416Z", "expirationDate": "2024-11-04T18:10:55.416Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x1A8F4f7eB2134E8ad141A761aF528B74640712eC", "hash": "v0.0.0:vWIf15kJ7mLrSt5nL696iM8aeW8taLG2Z2IkLC79J4c=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#sonicaweb3"}}}, "description": "### Problem\nThe process of tokenizing RWA is complex and inaccessible for many businesses, especially those without in-depth blockchain expertise. There is a growing need for simplified, secure, and compliant tokenization solutions that can bridge the gap between traditional industries and blockchain technology.\n\n### Solution\nSonica provides a robust platform for tokenization that includes both no-code and API-driven solutions. These tools allow businesses to create, manage, and trade digital tokens without needing to develop technical blockchain expertise, making the process more accessible and efficient.\n\n### Update Since the Last Round\nWe secured a pre-seed investment of 400k USD at the Q1 of 2023 and spent the entire year developing our product and testing markets. In 2024, we shifted our focus exclusively to RWA tokenization, recognizing this as a real demand and an irreversible trend in the market. This pivot has positioned us to address the growing need for accessible and secure tokenization solutions across various industries.\n\n### Plans for Funding\nWe are currently assessing the market landscape and planning to open our next funding round in Q1 of 2025. Our focus will be on accelerating product development and expanding our market presence. We aim to implement comprehensive marketing and educational campaigns to enhance awareness and adoption of our tokenization solutions. This strategic funding will be crucial in supporting our growth initiatives and expanding our impact across various industries.\n\n### Team Members\n- Alexandre Adoglio: Experience in marketing, providing strategic direction and driving our market presence. \n- Evandro Pomatti: Has extensive experience in cloud architecture and security, having held leadership positions in his career. \n- Lucas Azzolini Vieira: Has experience in frontend and backend development and blockchain technology ensuring the robustness and reliability of our software solutions. \n- Marcio Gonzaga Jr: Experience in project management and product development, He brings a wealth of knowledge and expertise to our team. \n\n### Market Opportunity\nThe global push towards digital assets and the increasing interest in blockchain applications present significant growth opportunities for Sonica. With regulatory environments evolving and more industries recognizing the benefits of blockchain for asset management and investment, the demand for easy-to-use, secure tokenization services is expected to rise sharply. Sonica is well-positioned to capture this growing market and facilitate the wider adoption of blockchain technology in traditional sectors.", "lastUpdated": 0, "projectGithub": "Sonica-Web3", "projectTwitter": "sonicaweb3"}, "recipient": "0xeD6945D2b435C4edA003327D3B03DcB1b4123c15"}}