December 23-th held an Ask Me Anything session at ICO Speaks telegram chat. From the Renovi side there was:
Before we go to the first set of questions, could you please do a short self-intro?
👨💻 Adonis Z | Co-Founder | @AdonisZach
Hi everyone. Adonis here. I am an economist and a financial analyst. I started my career analysing cryptocurrencies before becoming co-Founder of Renovi, the first NFT Marketplace for architects, 3D designers and developers. I am a passionate advocate for Blockchain, NFT, and ofcourse the Metaverse.
👨💻 Andy Charalambous | Co-Founder | @andychara
HI everyone I am co-founder of Renovi my background is finance and have been in the crypto space for the last 8 years
Let’s get started!
Q:How would you sum up the Renovi project?
A: Renovi is the first niche Non Fungible Token (NFT) marketplace that allows architects, 3D designers, and game developers to monetise their creations by minting them as NFTs for either artistic purposes or to be used within the Metaverse.
Q: What is the “big problem” that Renovi solves?
A: Our mission is to help build an open and interoperable metaverse through architects, 3D designers, and game developers.
Renovi is tackling 3 problems at once:
Lack of Exposure: There is no existing platform that gives architects and 3D designers the exposure they need to make a proper living. Current NFT marketplaces are too generic with limited file formats, small file sizes and limited NFT interoperability.
Fragmented Market: The current NFT market is fragmented, with most NFTs not being interoperable within similar domains. As a result, users have to surf multiple platforms over various blockchains, which makes the NFT experience cumbersome for non-technical users.
Inaccessible Collectibles: Both collectors and investors within NFTs and the Metaverse can’t easily access collectibles compatible with their existing holdings. Plus, low platform verification requirements result in collectors being at a greater risk of buying a fake.
Q: How does the RNVI token work?
A: The RNVI token acts as a native utility token with use cases that include settling in-platform transactions and staking access to exclusive platform features.
Platform users are able to experience NFTs in a whole new way using the RNVI token. The token allows for NFT purchasing, transaction rebates, competition rewards, incentivisation grants, and several other features that will be implemented in due time i.e DAO.
Additionally, RNVI holders are eligible for platform-wide governance which grants them voting rights to assist with future platform updates, decide upon NFT drops, and select artists/auctions
Q: Without getting too far ahead, what is Renovi’s overarching vision?
A: Renovi will be the go-to marketplace for 3D designs.
Our ecosystem will soon enable enhanced streamlined interaction between all stakeholders as it operates as an intermediary that allows creators to issue NFTs.
NFTs will be easily searchable and collectors will be able to take advantage of enhanced security features – tailor made for an interoperable digital collectible marketplace.
And the RNVI token will be used to facilitate cross chain transactions as the Renovi platform looks to support multiple chains. This will be initially enabled through the implementation of layer 2 solutions such as Immutable X or Polygon.
Q: What are the implications of this in the Metaverse and beyond?
A: The whole point of Renovi is for creators to be able to monetise their creations by minting them as NFTs for either artistic purposes or to be used within the Metaverse.
Metaverse specific marketplaces that exist today are platform specific and cater only to their respective Metaverse platform.
Virtual landowners lack options as to what to deploy on their land. With the rise of land sales from various Metaverse platforms, there is a genuine lack of digital buildings/experiences that can be deployed on top of them.
Renovi will therefore add *huge* utility to the Metaverse.
Q: What were Renovi’s most important project updates of 2021?
A: For 2021 the most important updates are:
Launching our MVP to the public.
GDA partnership. We are pleased to announce our strategic partnership with GDA Capital who are providing their expertise in marketing, tokenomics, PR, relationships and other areas to fast-track the Renovi roadmap.
The announcement of our biggest competition to date going out today! Renovi and our partners GDA Capital together with Tokens.com, the Metaverse group and Decentraland will launch the ‘Next Top Metaverse Build’ – a new, first of its kind, buildathon competition for architects, 3D designers and developers where entrants can win a suite of prizes ranging from software, metaverse land and Renovi tokens to the value of $50k. Information to follow on our social media channel and website.
Q: What chain are you on and why did you choose it?
A: Renovi is being built on the Ethereum chain as we want our platform to be aligned with the current Metaverse platforms that are running in the space.
We nevertheless understand the issue of high gas fees and for this reason we decided to utilize Immutable X as the layer 2 solution of choice in order to mitigate them. This will allow us for zero fee minting, instant transactions, easier set-up, carbon neutrality and scalability of up to 9,000 transactions per second.
Our vision is to be chain agnostic, in order to integrate our marketplace to all Metaverse platforms being built on all of the chains, so we can be truly interoperable.
Q: You said that 2022 is the PERFECT time for us to join the Renovi ecosystem, why is that? What do we have to look forward to?
A: 2022 will be all about platform improvements and collaborations. 🔥
With regards to our Tech.
Our Beta Version 2.0 of the platform will be ready with Immutable X functionality. This will allow for cheaper minting of NFTs. But we are not stopping there. We are also adding Pīnata behind the scenes to allow the ability to mint larger files and allow for diverse 3D file formats. Once these landmark improvements are in place we will focus on building API links with the various Metaverse platforms allowing us to push architectural content straight to the buyers. All this will also be accompanied by other refinements to our platform such as better filtering, 3D viewer, building categorisation, UI/UX improvements etc.
With regards to collaborations and partnerships, our strategic advisors are leading the team with more exciting announcements to follow from leaders in the industry.
Q: What is the background of your team? Do you think the team’s qualifications, and experience are able to support the long-term development of the project?
A: Our team is built from members who are aligned in their thinking and action. Every team member shares Renovi’s vision of success and has confidence in what they are setting out to do which is to bring Architecture and 3D Design in the NFT space.
Every single member is determined to bring their best to the role with their respective expertise from finance to development. Our solid relationships keep us focused on what matters, which is executing the plan of delivering the best form of Renovi to the public and this is done by clearly communicating our purpose and milestones. We create action plans and execute against swirling priorities, rapid change, and impossible deadlines. Finally, we are energized and active by our vision of changing the digital world/Metaverse.
Some of our founding members are:
Andy Charalambous – Co-Founder
Andy’s career covers investment banking and asset management. He has been an investor and an advocate in the crypto space since 2016. Andy brings with him over thirty years of investment banking and finance experience. Andy offers his expertise in running successful companies and spearheads our collaborations, and funding discussions.
Adonis Zachariades – Co-Founder
Adonis has a Masters in Investment Analysis from Stirling University with majors in Economics and Finance. He has researched extensively through his thesis the efficiency of cryptocurrency markets. Adonis is a futurist and has given presentations to universities about how the Metaverse will change our current status quo. He currently leads Renovi’s idea creation and management.
Jacob Papageorgiou – CTO/ Co-Founder
Jacob Papageorgiou is a full-stack/blockchain developer with over 10 years of experience in front-end design and various blockchains. He has an MSc in Management from UCL. He has been involved in numerous blockchain projects to date.
George Manousios – Business Development
Graduated from ICMA Business School in 2011 having completed his Master’s Degree in Financial Risk Management. He is the Chief Investment Officer at Ramek Asset Management based in the City of London. With over 6 years of financial markets investment and analysis experience in fixed income, new issues and equity IPOs George brings a range of legal and compliance experience to Renovi.
Q: How can we join the Renovi community? Can you please outline where we can find more information on the project? (Provide social/community links, website, whitepaper, etc.)
A: Our team is built from members who are aligned in their thinking and action. Every team member shares Renovi’s vision of success and has confidence in what they are setting out to do which is to bring Architecture and 3D Design in the NFT space.
Every single member is determined to bring their best to the role with their respective expertise from finance to development. Our solid relationships keep us focused on what matters, which is executing the plan of delivering the best form of Renovi to the public and this is done by clearly communicating our purpose and milestones. We create action plans and execute against swirling priorities, rapid change, and impossible deadlines. Finally, we are energized and active by our vision of changing the digital world/Metaverse.
Some of our founding members are:
Andy Charalambous – Co-Founder
Andy’s career covers investment banking and asset management. He has been an investor and an advocate in the crypto space since 2016. Andy brings with him over thirty years of investment banking and finance experience. Andy offers his expertise in running successful companies and spearheads our collaborations, and funding discussions.
Adonis Zachariades – Co-Founder
Adonis has a Masters in Investment Analysis from Stirling University with majors in Economics and Finance. He has researched extensively through his thesis the efficiency of cryptocurrency markets. Adonis is a futurist and has given presentations to universities about how the Metaverse will change our current status quo. He currently leads Renovi’s idea creation and management.
Jacob Papageorgiou – CTO/ Co-Founder
Jacob Papageorgiou is a full-stack/blockchain developer with over 10 years of experience in front-end design and various blockchains. He has an MSc in Management from UCL. He has been involved in numerous blockchain projects to date.
George Manousios – Business Development
Graduated from ICMA Business School in 2011 having completed his Master’s Degree in Financial Risk Management. He is the Chief Investment Officer at Ramek Asset Management based in the City of London. With over 6 years of financial markets investment and analysis experience in fixed income, new issues and equity IPOs George brings a range of legal and compliance experience to Renovi.
Q:Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?
A: Nice question. DAOs is definetly in our plans. We want out token to become a governance token and offer the ability to our community to vote and decide on features, curate projects and many more.
Q:Can you List 1-3 Killer features of your PROJECT that makes it ahead of Competitors? What is the Competitive Advantanges your platform Has that you Feel most Confident about??
A: So the feautures we are most excited about is the ability to mint very large files as NFTs. The ability to support more 3D file formats than your typical marketplace and ofcourse the chance to work on Immutable X and be one of the first marketplaces to do so that is also a niche marketplace.
Q: Do you have a whitepaper? if yes please share it with us and secondly are you working to AUDIT your project, to make its security more secure and reliable?
A: We will definitely share the whitepaper on our last message. Our whitepaper is ever changing with more information as we go along. And with regards to the audit that is a really good question. Our dev team is always hard working spotting bugs and errors whenever they arise but we are in discussions to audit our contracts once they are fully finalised as well.
Q: Where can I buy your tokens right now, what is your current contract and how can I buy them??” Will you have any other DeFI features like staking, yield farm or NFT in the future?
A: We will soon release more information as to where we will launch our token but we will be first on a DEX before going to any CEXs. We do aim to offer some sort of staking, burning mechanism as well for our initial community, as well as marketplace rewards.
Q: How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?
A: For now our telegram channel and twitter are the most active ones before we migrate to discord. Please find below our social links up to now.
ICOSpeaks hosted an AMA Session with the Renovi Team. That’s all for today.
Thanks to all users who participated.
Thanks, Renovi for being with us
Thanks, all and see you soon😉
Cheers 🥂
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