<\/p>\n\n\n\n
Hello,\nSatoshi clubbers! Another AMA took place in Satoshi Club and we would like to\nintroduce to you the AMA session with our friends from Vera and our guests were\n@denis_lam and @jlyn_tan. The AMA took place on 19 August.<\/p>\n\n\n\n
The\nAMA session was divided into 3 parts with a total crypto reward pool of 500$ <\/p>\n\n\n\n
In\nthis AMA Recap, we will try to summarise the most interesting points for you.<\/p>\n\n\n\n
Mary\n| Satoshi Club: <\/strong>Hello \nSatoshi Club! We are happy to announce our AMA session with Vera!\nWelcome to Satoshi Club😀<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Hello, dear community!<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> And our guests today are<\/p>\n\n\n\n @denis_lam<\/p>\n\n\n\n @jlyn_tan<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Hello and welcome to Satoshi Club,\nguys!😊<\/p>\n\n\n\n Jeralyn\nT.: <\/strong>Hello\neveryone in Satoshi, so thrilled to meet with you guys today! My name is\nJeralyn, representing Vera. Hope everyone is as excited as I am to have this\nsession going on!<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> Wow, hello, Jeralyn! Welcome here!<\/p>\n\n\n\n And yes, we are very\nexcited!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> we are very excited and are\nwaiting for you as a long-awaited guest😍<\/p>\n\n\n\n Thanks for joining\n@jlyn_tan<\/p>\n\n\n\n [ 👌 Sticker ]<\/p>\n\n\n\n Let’s start!<\/p>\n\n\n\n Introduce yourself\nplease. How did you get to be involved in crypto & Vera? Tell us please\nabout your position in Vera? @jlyn_tan<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> And tell us more about Vera and it’s\nmission as well😃<\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\nI personally am managing the operations in Vera itself, not something I would\ncall an extremely exciting role, but it’s truly an eye opening experience getting\nexposed into crypto. Not an easy journey to say the least, but our founder,\nDenis has been very patient and nurturing in guiding me in all aspects.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> as far as I know you have a really\ncool project. please tell me more about this<\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\n Vera aims to offer decentralized\nfinancing, leasing, lending, and other essential financial services for any NFT\nmarketplace, game, or application.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> in fact, all roles are important\nwhen you are part of a grand project<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> When your project started? How many\nteam members are working on it?<\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\nOur project was Founded in 2021. Currently we have our CEO Denis and our CTO\nspearheading the project.<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> Gotcha! Jeralyn, thank you for your\nintro!<\/p>\n\n\n\n We choose 6 questions\nfor the first part of our AMA 😀 are you ready for them?<\/p>\n\n\n\n Q1 from Telegram user\n@meml97<\/em><\/strong><\/p>\n\n\n\n It\nhas caught my attention that one of the missions Vera Network has set to itself\nis to \u201cReinvent the Global Economy\u201d, can you tell us more about this? What\nplans do you have to reach this goal of yours? How will Vera Network be able as\na NFT platform to do that change on the global economy? Also, on what ways do\nyou plan to reinvent the global economy? What problems do you see on it that\nyou feel the need of doing so?<\/strong><\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\nVera envisions a world where strangers can safely, quickly, and effortlessly\nperform financial transactions with the property or assets they create and\/or\nown without high transaction costs and dependency on intermediaries.<\/p>\n\n\n\n Vera\u2019s mission is\nsimple: To build open, secure, and powerful NFT financial products that are\nequally available to everyone everywhere.<\/p>\n\n\n\n To put simply, Vera is\nhere to provide Finance, Rent, Lend, and Verification for NFTs.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> this is a very timely product! 👍<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> What blockchains will Vera support?<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> nft is experiencing its hype and\nthere is a lack of good tools<\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\n These financial services are yet to be\navailable in the crypto world, especially for this hot asset NFTs, which has\ngarnered a lot of interest from traditional finance.<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> Sure, with Vera everything will be much\nsimplier👍<\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\n Vera is an open financial platform for\nNFTs, built on Ethereum, Polkadot, Solana, and Polygon<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> You choose best platforms 👍<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> these are top blockchains👍<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> Thank you for your answers, Jeralyn!\nReady to proceed?😀<\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\n *Polygon, sorry<\/p>\n\n\n\n Yes, please do!<\/p>\n\n\n\n Q2 from Telegram user\n@kimzyemma<\/em><\/strong><\/p>\n\n\n\n Recently,\nthere is scam Vera token going viral in the market where thousands of vera\ntoken is given out to the community. And you stated it on twitter that you just\nfinalized your official website and have not generated token to anyone. By the\ntime your token will be released, alot of fake tokens will still be released,\nhow can you protect the community from fake Vera tokens? How can we identify\nthe real token of yours? Concerning the NFT you sold for $130,000,000, is there\nany plan to supply more NFT to be bought?<\/strong><\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\nFake tokens are commonplace in the space, unfortunately. As of now, the token\nhas not been released and any token that claims to be from Vera is a scam.\nPlease be aware!<\/p>\n\n\n\n By the time the token\nis released, the contract address will be provided to the community, so please\nwatch out for our social media and official channels.<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> Could you tell us if you’re planning\nany token sales?😀<\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\n About the token sale, YES. We are\nanticipating an IDO in the near future. You will have to keep close watch on\nthe Vera community to get the first dibs!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Oh yeah! early birds do all the\ngrain…😁<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> Yes, we will for sure! 👍<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Thanks for your answers! Ready to\nproceed to the next question or want to add something?<\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\nLet’s move on to the next question😊<\/p>\n\n\n\n Q3 from Telegram\nuser @Jmagsss<\/em><\/strong><\/p>\n\n\n\n I\nsaw in one of your blogs that one of Vera Labs investors is Animoca Brands, a\nglobal leader in branded mobile blockchain gaming who recently raised $88\nmillion at a $1 billion valuation to capitalize on game NFTs. Vera is venturing\nwith Animoca Brands to provide DeFi engines that allows in-game items for\nlending and leasing between players. May I know, what blockchain games will\nVera implement its product and protocols with and would Vera consider\nintegrating directly within the game itself so players won\u2019t have to use\nthird-party apps while playing?<\/strong><\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> https:\/\/link.medium.com\/673cpMbWQib<\/a>\n<\/p>\n\n\n\n Btw, very interesting\narticle on this topic 🙂<\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\nThere are many things still under wraps. But what we CAN say is that the future\nusers can expect direct integration with our partners. Players can interact\nwith Vera portal to process their mortgages, in later phases it will be\ncompletely integrated and users will not know that there is Vera in the\nbackend.<\/p>\n\n\n\n At the moment there are\ndevelopments still being worked on and negotiated, so we won’t be able to\ndisclose anything specific just yet. However, we of course appreciate the\namount of attention we have gained and the support from the community, old and\nnew. Please stay tuned to our channels for the latest news.<\/p>\n\n\n\n With Animoca Brands as\none of our major supporters, we are in discussions to push out exciting\ndevelopments once they are ready.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Thanks for your answers<\/p>\n\n\n\n Ready for the next\nquestion?<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> Can’t wait to see what we will get👍<\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\nYup, let’s go on!<\/p>\n\n\n\n Q4 from Telegram user\n@KathDM<\/em><\/strong><\/p>\n\n\n\n I\ndid read that Vera offers a wonderful opportunity when users decide to take a\nbreak from the game. Vera will allow us to rent out our game account or\nspecific in-game items to another player so we can generate income from all the\nhard work we have put into the game while we take a break from playing. Can we\ndecide for how long we rent our account? What happens if the person to whom we\nrent our account does not respect the agreed time? How do we protect the\nsecurity of our account while it is rented? Will that user have access to our\nprivate information?<\/strong><\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\nVera is simply a tool. It is up to the seller or owner to decide their desired\nrental terms.<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> But this idea is brilliant 😃<\/p>\n\n\n\n When do you plan this\nfeature to go live?<\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\nWe are actively building and integrating our financing and rent products into\ncustomers\/partners now. Will be live before end of year in their games or apps.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> brevity is the sister of talent😊👍\nthanks for your answers! Ready to proceed to the next question?<\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\n👍<\/p>\n\n\n\n Q5 from Telegram user\n@DK177<\/em><\/strong><\/p>\n\n\n\n You\nhave instructed users to make sure that their assets are authentic. Do you have\na mechanism to check the authenticity? Currently, there are NFT assets related\nto Music, Gaming and Movies. How do you react if you find any copywrite issue\nrelated to this kind of asset? Further, for making the assets affordable to\neveryone, have you implemented a maximum price for an asset? Currently, NFT has\nbecome a trend. Did you design your project just to follow that trend or do you\nhave specific reasons to choose this field?<\/strong><\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\nThe authenticity issue is a problem with many assets before NFTs existed. While\nits not our core focus to attack this issue, we do have some solutions that can\nhelp. We have a product called Verify that makes it much more user friendly for\nbuyers to know the NFT is authentic and certified by the seller or a specific\nbrand or organization.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club: <\/strong>Do your users need to pass KYC?<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> So, we will be able to verify all types\nof content? I mean Music, Gaming and Movies?<\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\nUsing Vera, the assurance of authenticity is there with immutable records of\nthe artwork\u2019s identity, certification, verification method, and other related\ninformation on the blockchain. This information is publicly accessible to\nanyone using a blockchain explorer.<\/p>\n\n\n\n Vera\u2019s on-chain\nregistries will support existing universal unique identification methodologies\nand wireless communication protocols such as AI computer vision object scans,\nNFC smart tags, and RFID sensors.<\/p>\n\n\n\n We are a DECENTRALIZED\nprotocol. So no KYC.<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> Thanks for your answers<\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\nWe can work with our clients on those industries to implement their desired\ncompliance\/authenticity protocols.<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> Fantastic 👍<\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\nEach asset type is different. Vera is just a framework or canvas, but we can\naccommodate most processes.<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> Got it! Jeralyn, thank you for your\nanswers! Ready for the next question?😃<\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\n👌<\/p>\n\n\n\n Q6 from Telegram User\n@igervacio<\/em><\/strong><\/p>\n\n\n\n I\nlike to learn a bit about coding and your platform offers an empowerment for\ndevelopers, I went to your road map looking for a date related to an important\nevent for dApps developers and I observed that you had a goal planned called\n\u201cCode Sandboxing\u201d What do you mean by \u201ccode sandboxing\u201d and why fulfillment of\nthis objective is vital for the development of Vera Network? What facilities\ndoes this update offer for the growth of dApps developers in Vera Network?<\/strong><\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\nCode Sandboxing gives devs the ability to simulate production code without\ngoing to production. This helps with product acceptance testing for clients\nthat use our products.<\/p>\n\n\n\n Vera is focused to make\ndevelopers happy when it comes to enabling DeFI for NFTs… so we will build\ntools to make integration easier over time.<\/p>\n\n\n\n Mary\n| Satoshi Club:<\/strong> Sure, you will attract a lot of\ndevelopers!<\/p>\n\n\n\n Gold\nRocket | Satoshi Club:<\/strong> thanks a lot for the answers. and\nnow, before moving on to the live part of the AMA, you can share useful links\nwith Satoshi Clubbers😊<\/p>\n\n\n\n Jeralyn\nT.:<\/strong>\nSocial media handles and official links:<\/p>\n\n\n\n Website: https:\/\/vera.financial\/<\/a> <\/p>\n\n\n\n Medium: https:\/\/blog.vera.financial\/<\/a> <\/p>\n\n\n\n Twitter: https:\/\/twitter.com\/veradefi<\/a> <\/p>\n\n\n\n Telegram: https:\/\/t.me\/veranetwork<\/a> <\/p>\n\n\n\n Github: https:\/\/github.com\/veradefi<\/a> <\/p>\n\n\n\n 💬 Chat with us\non Telegram \u2014 @veranetwork<\/p>\n\n\n\n Q1 \u00a0from telegram username @ashwini_Crypto<\/em><\/strong><\/p>\n\n\n\n As It is Predicted that NFT industry can be next\nTrillion dollar industry,<\/strong><\/p>\n\n\n\n & Also lot of NFT project are launching with\nArtist, Musician, Artists,<\/strong><\/p>\n\n\n\n Don’t you think with launch of so many NFT projects,\nthere will be no rarity & it will loose its value?<\/strong><\/p>\n\n\n\n Jeralyn T.:<\/strong> We are not another NFT project. We provide financial services for any NFT\nproject and as of now I do not know of any competitors. So regardless which NFT game or marketplace\nwins or loses we have market demand. Our customer traction right now is super\nhigh and thats why we are actively hiring talent so we can meet the demand.<\/p>\n\n\n\n Q2 \u00a0from telegram username @Gemshunter22<\/em><\/strong><\/p>\n\n\n\n Does vera network has any plan to support more\nblochchains in the future? what are your cross chain integration plans to gain\nmass adoption?<\/strong><\/p>\n\n\n\n Jeralyn T.:<\/strong>\nWe are currently working on supporting Ethereum NFTs and soon Solana, Polygon,\nBSC as well. Vera ultimately can support NFTs from any credible blockchain.<\/p>\n\n\n\n Q3 \u00a0from telegram username <\/em><\/strong>@Kabirkapoor9<\/strong><\/em><\/p>\n\n\n\n Will Vera in future be partnering with DeFi\nInsurance projects to protect their users from volatility in maket? What are\nyour plans for offering Insurance product to provide all the Borrowing,\nlending, and insuring the product under one roof?<\/strong><\/p>\n\n\n\n Jeralyn T.:<\/strong>\nWe currently dont work with any insurance project but open to explore if you\nknow any. We are a DeFI service layer for NFT assets so in theory we can work\nwith any project or app that uses NFTs.<\/p>\n\n\n\n Q4 \u00a0from telegram username @Kushal85127939<\/em><\/strong><\/p>\n\n\n\n Can you please name few strategic partners who are\ncontributing materially in Vera’s venture? What kind of Resources, Tech they\nare providing to Vera?<\/strong><\/p>\n\n\n\n Jeralyn T.:<\/strong>\nOur lead strategic backer is Animoca Brands. They are the largest NFT gaming\ncompany in the world that invested in many of the big names you heard of like\nAxie Infinity, Open Sea, CryptoKitties and so much more. Our backers do not\nonly commit resources but help with partnerships to existing apps games or\nmetaverses so Vera can have mass adoption quickly.<\/p>\n\n\n\n Another up and coming\ngame we will partner with is Highstreet. I cannot say more for now but they’re\nan exciting VR metaverse with real world customers like luxury and fashion\nbrands that want to get into NFTs.<\/p>\n\n\n\n https:\/\/cointelegraph.com\/press-releases\/htc-backed-vr-metaverse-highstreet-raises-5m-in-its-latest-funding-round<\/a><\/p>\n\n\n\n Our strategy is to work\nwith some of the best grassroots communities in the crypto space such as\nSatoshi club! 😉<\/p>\n\n\n\n Q5 \u00a0from telegram username @jirencrypto<\/em><\/strong><\/p>\n\n\n\n ❎ By this point in 2021 no one is surprised at all\nthe things that can be tokenized in the form of an NFT, however I would like to\nknow what types of assets\/products\/artwork Vera is thinking for. Do they have\nthe tools to tokenize literally anything? No scalability issues in that matter?<\/strong><\/p>\n\n\n\n Jeralyn T.:<\/strong>\nIt is NOT up to Vera to decide what assets should be tokenized as NFTs. We are\njust a financial or banking platform for NFTs regardless what asset class they\nrepresent. Its up to our customers\/partners to figure that out.<\/p>\n\n\n\n Vera is building\nsteering wheels and brakes… our partners are the ones using us to build their\ndream car!<\/p>\n\n\n\n Q6 \u00a0from telegram username @Shakil10000<\/em><\/strong><\/p>\n\n\n\n 🔥🔥🔥What are your key\nfeatures that you are very proud of and feel very confident about that makes\nyou ahead over any project out there?<\/strong><\/p>\n\n\n\n Jeralyn T.:<\/strong>\n1. First mover advantages: No project we\nknow of is currently offering our financial products and services. We talked to\nseveral games and nft apps and none know of a solution provider they are forced\nto consider building these services on their own. If you were a game its not\nsmart or strategic to build your own bank or financial platform.<\/p>\n\n\n\n 2. Seller or custodian\nprotection: NFTs like crypto, once sent to someone you may never get it back.\nGood luck with disputes. Our products have seller protection built into our\nsmart contracts so if a customer does not pay rent or make monthly payments by\nan agreed upon deadline they will lose the NFT and itll go back to the right\nowner. This feature does not exist right now in NFT world.<\/p>\n\n\n\n 3. Product Market Fit –\nApp or games selling NFTs already making revenue all tell us its a no brainer\nto use Vera to increase their revenues and give their user community more\namazing experiences with stuff their own and love.<\/p>\n\n\n\n 4. Rewards! Passive\nincome! Play to earn is a big deal because we all love making money when we\nplay our favorite game. We will +1 Play to Earn to next level by letting you\nstake your game nfts and make passive income regardless if someone rents your\nnft or not!<\/p>\n\n\n\n Q7 \u00a0from telegram username @KhaleesiTheCryptoLady<\/em><\/strong><\/p>\n\n\n\n VERA is currently looking for an ambitious and\nexperienced talent, so what exactly talent are you looking for? What positions\nare available at VERA?<\/strong><\/p>\n\n\n\n Jeralyn T.:<\/strong>\nWe are looking for a wide range of talent to join us, you’ll be able to see\nmore details about the job positions at https:\/\/angel.co\/company\/vera-labs\/jobs<\/a>\n<\/p>\n\n\n\n Feel free to reach out\nto us even if you don’t fit the specific roles – we thrive on our community and\nwe are open to listening to what you have to offer<\/p>\n\n\n\n Q8 \u00a0from telegram username @KeymerS<\/em><\/strong><\/p>\n\n\n\n If really the largest number of NFT art producers\nare the ETH and BSC chains, then why develop your project aimed at improving\nNFT markets in a chain other than these like Polkadot?<\/strong><\/p>\n\n\n\n Jeralyn T.:<\/strong> The future of NFTs will be on multiple chains.\nSubstrate and Polkadot has tools to help us make bridges to work with NFTs on\nany chain so we actually can work with NFTs on those chains you mentioned\nabout. Most of our clients are on Ethereum NFTs which is the biggest NFT market\nand we are integrating with them.<\/p>\n\n\n\n Q9 \u00a0from telegram username @coinresearcher<\/em><\/strong><\/p>\n\n\n\n I\u2019ve seen a product of you named Verify. What is Verify\nand what properties does it have?<\/strong><\/p>\n\n\n\n Jeralyn T.:<\/strong>\nVerify is a product we are building to simplify the user experience for buyers\nto buy authentic NFTs and let sellers or brands protect their IP no matter\nwhich marketplace or game the NFT is sold on. It is an NFT asset identity\nmanagement solution.<\/p>\n\n\n\n Q10 \u00a0\u00a0from telegram username @habibi_ve<\/em><\/strong><\/p>\n\n\n\n ✅ I could see in your roadmap that by Q3 (very soon)\nyou plan to start the global partner and customer acquisition campaign for the\nlaunch pad. Can you describe what your plans are for that? Can you mention some\npotential partners and customers that are interested already?<\/strong><\/p>\n\n\n\n Jeralyn T.:<\/strong> Our roadmap is available at https:\/\/vera.financial\/\nand the latest updates will be posted on all of our social media channels, so\nmake sure you follow them all!<\/p>\n\n\n\n As usual, for the third\npart, Satoshi Club Team asked the chat 4 questions about the crypto project. A\nlink to a Quiz form was sent into the chat.<\/p>\n\n\n\n For\nmore information and future AMAs, join our Social Media channels:<\/strong><\/p>\n\n\n\n English Telegram group: https:\/\/t.me\/Satoshi_club\/<\/a> <\/p>\n\n\n\n Russian Telegram group: https:\/\/t.me\/satoshi_club_ru\/<\/a> <\/p>\n\n\n\n Spanish Telegram group: https:\/\/t.me\/satoshi_club_spanish\/<\/a> <\/p>\n\n\n\n Chinese Telegram group: https:\/\/t.me\/satoshi_club_cn\/<\/a> <\/p>\n\n\n\n Indonesian Telegram\ngroup: https:\/\/t.me\/satoshi_club_indonesia\/<\/a> <\/p>\n\n\n\nPart\n2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n
Part 3 \u2013 Quiz Results<\/strong><\/em><\/strong><\/h2>\n\n\n\n