Sir David Porter interviews Ryan Howells And Lee Davies about their Rare Antiquities Token during the InfoDriver Capital sponsored Mega Yacht event.
Washington Elite’s Sir David Porter caught up with the Rare Antiquities Token team during the InfoDriver Capital sponsored mega yacht event in Dubai. Rare Antiquities Token is bridging the gap between real world art and digital art. They are buying physical works of art and minting them onto the blockchain into a non fungible token (NFT). Through this process they are able to mint multiple NFT tokens for one piece of art, so many different owners may hold the collective rights to the high value item.
Fractional ownership of high value items isn’t new, but now with introduction of NFT’s companies like Rare Antiquities are able to provide a way for normal people to participate easily. Users can buy one or more NFT tokens and store the fractional rights to the real physical item on their smartphone or computer. In most cases the user is able to hold or sell the NFT tokens, that will hopefully go up in value. Once these fractional Rare Antiquities NFT Tokens are minted and sold they plan to build a platform called WrappedBit for their community to buy and sell their holdings. More information is id on their website: https://therat.finance/
Dubai has become a hotbed for digital asset companies, exchanges, and investors because of their favorable regulatory environment, and the fact they have stayed open despite the so called pandemic. The host company who sponsored the evening on the mega yacht, InfoDriver (ID) Capital is one of the companies that has made Dubai their home. More information about ID Capital is here: https://infodriver.capital/
On the mega yatch in Dubai with david Porter and Lee Davies of The Rare Antiquities Token! https://t.co/kzqLMMDTsD
— David Porter (@SirDavidPorter) November 20, 2021
00:00
this is ryan this is right here
00:02
hey guys guys we’re live in dubai
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on the mega yacht thanks to coin swap
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mega crypto and korea big thanks guys uh
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we are cruising the the full moon out uh
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it’s beautiful day the weather’s
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incredible
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i have with me lee and ryan
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the rare antiquities token correct their
00:23
way and take the token perfect
00:26
and why don’t you share a little bit
00:27
about when it got started and what you
00:29
guys are up to yeah so it’s like the
00:30
rarity is still in its infancy room so
00:33
we kicked off probably about two or
00:34
three months ago and launched uh usual
00:37
business of pre-sale you know getting
00:39
everyone on board tell everyone about
00:41
the project and it’s quite a young
00:42
project and we spent a lot of time
00:44
traveling around europe promoting it
00:46
coming to dubai and we found out that
00:48
dubai is the place to be
00:50
for crypto and for the future of crypto
00:52
absolutely so much going on in dubai so
00:55
and brian was me and ryan met through
00:56
like a stocks and shares environment and
00:59
ryan decided to start this project and
01:00
asked me to come on board and of course
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when i heard how it what it was and how
01:04
it was around and what it would be i was
01:05
really really keen to get involved so
01:08
the ultimate front of what we’re doing
01:10
right yes sure guys for your guys
01:15
we are bridging the gap between real
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world art and digital art so what we’re
01:19
doing is taking a real world piece of
01:22
art say a banksy which we had purchased
01:24
two weeks ago
01:26
now down there there you go yeah and
01:28
we’re taking this piece of real world
01:30
art turn it into an nft yeah so what
01:32
people don’t know for people that don’t
01:34
know who banks is he’s watching banksy
01:35
is a famous uk artist who who takes he
01:38
takes pride in controversial art and
01:40
he’ll go he’ll for instance he’ll walk
01:42
up to someone’s house and he’ll spray
01:44
some on the side wall
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controversial piece but automatically
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the next day their house is worth half a
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million more than it was before oh okay
01:51
that’s how much of an input and how much
01:53
of a modern day castle yeah so he’s
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doing some crazy crazy stuff there’s
01:58
even been like virtual tours of banksy’s
02:00
work in dubai in some of the malls and
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things like that so he’s a massive
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massive british artist but he’s actually
02:05
worldwide too so cool has he had a
02:07
chance to do anything in wynwood miami
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no
02:10
i don’t think so i don’t think he breaks
02:12
into the us who knows he’s the thing is
02:14
like no one’s ever done what we’ve tried
02:16
to do so what we’re trying to do is take
02:18
physical art and we’re going to create
02:21
nfts from that physical art and rather
02:23
than our holders who probably some of
02:25
them might have a chance to own these
02:26
art pieces that are worth millions but
02:27
they may not so what we’re trying to do
02:29
is take that physical piece of art mint
02:31
into an nft and then fractionalize that
02:34
piece of art between our holders and
02:35
rather than fractionalization is a
02:37
fractionalization of a contract we’re
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actually doing the fractionalization of
02:41
the image so if you can imagine a
02:43
picture of a piece of art if the you own
02:45
50 of our token you get 50 piece of that
02:48
physical picture delivered to your
02:50
wallet and everyone else who owns a ten
02:52
percent five percent three percent etc
02:54
they’d get their fractional piece of
02:56
that ownership into their wallet so you
02:58
get the physical entity uh in the
03:01
business which drives the business value
03:03
up and means we’ve never dropped below
03:04
that cap of whatever it’s worth 100
03:06
grand for instance for the first piece
03:08
and and you also get those digital
03:10
assets that everyone owns so they’ve got
03:12
a piece of that real life absolutely
03:13
that’s a very cool so as yeah as lee
03:16
alluded to so fractionalization at the
03:18
moment uh all uh that happens with
03:20
fractionation mode is uh you have your
03:22
smart contract and then you
03:24
fractionalize it by distributing tokens
03:26
and background it’s all technical yeah i
03:29
was wondering how you found these
03:31
technicalities how did you put this
03:32
together so this is what we’re doing so
03:35
we are fractionalizing the visual
03:37
so if you own 10 of our tokens yeah
03:40
you’re in 10 cents a pizza
03:42
we put that in a new nft
03:44
you add
03:50
you don’t own a number you don’t own a
03:51
contract and say that this is what i own
03:53
you can actually go in and go this is
03:55
the physical piece i own the sorry the
03:57
digital piece so you can actually
03:58
visualize the piece of that painting
04:00
whether it be the center whether it be
04:02
the nose the eyes whatever it may be you
04:04
can visualize the piece that you
04:05
actually own so rather than just being a
04:07
number in your wallet you can see you
04:09
could print it out you could put it on
04:10
your wall you can do whatever you like
04:11
with it so we just want people to see
04:13
that ownership rather than numbers and
04:15
pieces of information that just fall
04:17
very cool and uh how do you guys think
04:19
of uh dubai big great job by the the
04:23
emirates here the uae the government has
04:25
really opened the doors for these crypto
04:27
projects like you’re saying and uh how’s
04:30
your experience been so far unbelievable
04:32
crazy
04:33
this is like literally the like crypto
04:35
capital of the world yeah yeah like yeah
04:37
we weren’t supposed to live for one week
04:39
the original plan was to examine what
04:42
happened
04:43
and you never leave because exhibit two
04:45
expo so we exhibited that uh
04:47
uh
04:48
can i say uh transform expo yeah yeah
04:50
another expo uh one week we’re supposed
04:52
to be here now we’re on our eighth week
04:55
yeah we’re
04:56
we’ve moved to office over here yeah
04:58
yeah yeah we’re here for good luck so
05:00
we’ve gone from being in uk based
05:02
originally as you can probably tell um
05:05
coming to dubai to try and like see how
05:08
it look what sort of interest there is
05:10
to go and you know what uk isn’t the
05:12
place to be let’s go to dubai let’s get
05:14
involved let’s meet all these people all
05:15
these interesting people who are
05:17
interested in cryptocurrency and taking
05:18
it to the next level with blockchain
05:20
rather than people set in the mud and
05:22
who don’t believe in it and things like
05:23
that so dubai is the place to be for the
05:25
next level in blockchain
05:27
and uh how do you guys like the mega
05:29
yacht how’s your night going it’s good
05:30
it’s really good we got now we’ve got on
05:32
the water now we’re moving it’s cool
05:34
it’s getting a bit rocky at the minute
05:35
but uh no enjoying it man i’ve got my 50
05:38
meter badge so i think i can just like
05:40
swim like uh
05:42
maybe sure if we go down we could
05:43
definitely down in the living room
05:45
lounge now it’s real comfortable it’s a
05:47
little rocky up on the top but it’s a
05:49
bit rough we’re having a good time but
05:52
it’s cool it’s got some cool people
05:53
really interesting people it’s a place
05:56
anything else you guys want to share and
05:57
how do people find your project yeah of
06:00
course so
06:01
we’ve spoke around what we are as the
06:02
base of what we have as a token and
06:04
that’s what we’re trying to do what
06:05
we’re also introducing in the next few
06:06
weeks is is the platform of which to do
06:08
the fractionalization so once we’ve
06:10
fractionalized this banksy nft to all of
06:13
our holders we’re then going to provide
06:14
them with a platform called rat bits
06:16
which allows you to trade those
06:18
fractionalized pieces between yourselves
06:20
using our token as the currency to use
06:22
on the website so the token is already
06:25
live it’s called rat it’s on uni swap
06:28
fire on youtube ethereum network so
06:32
you know no red poles like
06:34
you find on like bnc or yes
06:37
you know who to look for yeah yeah so
06:40
there’s a lot do you know what let’s
06:41
just not forget there’s a lot
06:43
of coming soon
06:44
we’re gonna blow up banksy live and say
06:46
don’t tell them that so there’s some
06:48
exciting stuff
06:49
there’s some exciting stuff going on
06:50
with the banksy so how we can represent
06:52
how we’re fractionalizing it digitally
06:54
we’re going to try and represent that
06:55
physically too
06:56
and that will when that will also
06:58
provide the platform of which to trade
07:00
them on and we’re also looking at maybe
07:02
you know people who own a part of our
07:04
token own a part of every single piece
07:05
of art that we own and we want them to
07:07
be able to maybe let’s just say go into
07:09
the metaverse and be able to view all of
07:11
that nice is there a website there is it
07:14
is
07:15
the rap.finance rap.finance.com
07:20
www.thewrap.finance.com so there’s a big
07:22
rat big ugly rat looking guys
07:26
yeah that’s a good shout out if you want
07:28
to like uh the light paper there’s light
07:30
paper at the moment there’s loads of
07:31
info on it there’s a lot of different
07:32
people
07:33
you get coins the light paper is like uh
07:36
we’re going to take all the galaxy or
07:37
some like that master plan yeah so
07:39
we’ve got actual light paper we’re all
07:41
from business background yeah yeah we’ve
07:43
got like 10 years uh businesses
07:45
particularly security information uh
07:47
background like this is a business it’s
07:49
not around the mean coin yeah our light
07:51
paper goes into like specifications like
07:54
tech specs you know that’s just a light
07:56
paper the the white paper which is
07:58
coming soon it’s like a dissertation
08:00
it’s like nine thousand words yeah
08:02
so what what we’re always alluding to is
08:04
that you know this is a business this
08:06
isn’t a quick book you know if it’s
08:08
already gone four or five hundred
08:09
percent since we launched and it’s not a
08:11
chance for everyone to just to get rich
08:13
and pull the plug we’re here for years
08:14
longevity
08:18
we want to build digital museums we want
08:20
to build physical museums we want
08:21
everyone to be able to see that real
08:23
life ownership rights and everything
08:24
exactly yeah we’ve got lawyers like the
08:27
you know the best lawyers in the world
08:29
to look for the blockchain sector called
08:30
steams and lawyers uh we have a product
08:32
uh delivery uh you know marketing
08:36
there’s it’s it’s a full team of people
08:38
it’s not just a couple of guys who’ve
08:39
had an idea there’s a full squad of
08:40
people with all of their expertise and
08:42
all yeah it’s not like it’s cryptocoin
08:44
so it’s a business and what we’re doing
08:45
on monday as well we’re going into the
08:47
cryptogram which is a
08:48
pitching competition with a little
08:51
pitch so we’re in the final six
08:54
yeah so we’re going to be pitching
08:55
monday to people so i think i’ll be one
08:57
of the voters yeah go for it so if you
08:59
can be there have a look take take part
09:01
even if you just want to hear what are
09:02
the rubbish we come out with and listen
09:04
to us chatting in english and talking a
09:06
load of rubbish then go for it but go
09:08
have a little look
09:10
thank you lovely to meet you guys for
09:12
coming on thank you for listening
09:14
upstairs and have a good time thank you
09:15
guys see you soon