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VeChain General Grant Application Template

Project Overview

  • Project: Thisismagma
  • Team Name: MAGMA SAS
  • Payment Address: USDC(ERC 20) 0xa7b78cF97B504252ED8097b5754811b43Cce33cc
  • contact email: matthieu@thisismagma.com

Overview

Please provide the following:

  • Magma is an intuitive platform designed to bring agility to the real estate industry. The Magma platform enables real estate stakeholders to create a unique digital asset of a building from a digital twin, which includes all the technical and contractual documentation of the building's objects and elements. This digital asset is called the Digital Twin Token (DTT®).

  • We chose vechain for the Digital Twin Token as this blockchain is based on the Proof of Authority consensus and so requires significantly low gas fees. vechain's global plans to establish itself as the leader in sustainable and environmentally responsible blockchain solutions joins our approach on building a breakthrough platform for real estate which faces significant ESG challenges. Moreover our CTO Jurgen Schouppe has extensive experience on the vechain blockchain.

  • To sum up :

    • Early investors and supporters of vechain
    • Low Gas fee
    • Fee Delegation technology
    • Faster transaction confirmation times
  • We will use MPP, ATP and also use the connex compatible wallet (Comet) from Safe Haven, or alternative to interact with the chain.

    • VIP-180 : Magma Governannce Token (ERC-20)
    • ERC-1155 : Digital Twin Token
    • ERC-721 : Magma Access Token
    • Comet
    • Connex
    • MPP
    • ATP

Project Details

  • Login

P1. 1

  • Building Index Levels

P2. 2

  • Wallet + DTT® Page

P3. 3

  • Activity Page

P4. 4

Technology stack

Front End:

  • NextJS (React + Styled Components)

Back End:

  • NestJS (NodeJS)
  • We don't share publicy our infrastructure specs, upon request we are happy to share this with the grant commitee privately
  • PoC/MVP or other relevant prior work or research on the topic

https://app-preprod.mymagma.com

Ecosystem Fit

Other blockchain based real estate projects are globally focused on the sector's liquidity and fractional ownership issues.

Very few projects are really concerned about the environmental impact of the industry and its need of transparency and agility.

Magma is revolutionary in the sense that our platform creates an NFT of a building (and child NFT’s of all its components), not only to facilitate ownership, but also to keep an immutable and transparent record of the building's activity.

All the building's elements, objects and documents will be uploaded on Magma and their history will be recorded thanks to blockchain technology.

In addition, we created the Magma Index which evaluate the level of digitization of the building thanks to the data uploaded, but also to measure its environmental performance.

Team

Team members

  • Matthieu Merchadou - CEO
  • Cooper Copetas - CIO
  • Jurgen Schouppe - CTO
  • Jonathan Wahnich - General Manager
  • Emre Palandöken - Product Owner
  • Andy Demeulemeester - Senior Developer
  • Yoan Gross - Designer
  • Hrish Lotlikar - Advisor
  • Emmanuel François - Advisor
  • Anthony Carta - Advisor
  • Michael Benhamou - Advisory board

Team Website

Team's experience

Please describe the team's relevant experience. If the project involves development work, then we'd appreciated it if you can single out a few interesting codes commits made by team members on their past projects.

Team Code Repos

Team LinkedIn Profiles

Development Roadmap

Overview

Total Funds: 30,000 USD

Name M1 M2 M3
Cost 10000 USD 10000 USD 10000 USD
Status Progress Progress Progress
Man-Day 30 40 60

Milestone Details

M1. Create MUT and MAT

  1. Build and deploy a VIP-181 Access Token (MAT)
  2. Build and deploy a VIP-180 Utilty Token (MUT)

M2: Create a DTT®

  1. Develop the DTT®, a ERC-1155 based NFT tree to contain all building metadata
  2. Add storefactory logic to the DTT®
  3. Deploy on mainnet

M3: Integrate a payment system in the platform to perform reward payments for stakeholders

  1. Integrate the ATP for MUT token distribution
  2. Use MPP to deploy the DTT® for custodian based buildings

Community engagement

Future Plans

Magma aims to become a fully decentralized web3 platform.

We intend to become a decentralized autonomous organization, owned and governed by its stakeholders: real estate professionals.

Magma's future development plans, rewards and governance would be handled by the platform stakeholders.

Additional Information

Any additional information that you think is relevant to this application that hasn't already been included.

Possible additional information to include:

  • What work has been done so far? v1.0 is in auditing phase
  • Are there any teams who have already contributed (financially) to the project? No
  • Have you applied for other grants so far? No