{"signature": "0xc11ab531f97b311c55ee7aeddcfbf328304df0ee7492545b2fbf6471d1b66b9a534ece1ae6a7c7ed12fb2bb33aeff4594d29bc7d7064da97df2343178040539c1b", "application": {"round": "0x523d76f39f6e6c7dd6a6707ed3b4490a386434a2", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "aNaSuQNX7EtbPGXy95TnP/YleZS7pUDK1zIHa6xlyEqIe6oY7nxnqQeFq3Qo6bfv", "encryptedSymmetricKey": "ad97905ad9e57c9ef800aea8bdf93da8072627064824dbe11076abcbd8b23d92e1f75ede16b6c42e23a38f540d6d8319dea1a71746d6b042606318d4e6bacb21b5f157f5857492fc5f3349559865e0b519714f8f77f8550368f1f7d9b9e020ad4f9292733794b0a9ff191a54443d38373269dba7c8d917398d0e1edbad84003e0000000000000020a9129164f7bd011f255924072ae34d3ec8a8b132d0422a4190f7b335259d4a7dad38316b80f0574466e7e48c1a82aa89"}}, {"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": "100000", "hidden": false, "question": "Funding Request ($USD) ", "questionId": 2}, {"type": "paragraph", "answer": "Konkrete addresses key issues in the Real-World Asset (RWA) space by tackling investment diversity, product quality, and participation beyond crypto-native players.\n\n- **Investment Diversity**: Traditional real estate credit and debt funds have high entry barriers, restricting retail investors. Konkrete introduces real estate credit on-chain, offering competitive yields and lower entry barriers. This diversifies investment options and democratizes access, enabling broader investor participation.\n- **Quality of RWA Products**: Existing on-chain RWA products often suffer from poor risk assessment and transparency issues, leading to significant defaults. Konkrete proposes deals curated by established institutional players that invest in projects with clear exit strategies and transparent utilization of funds. This ensures stronger guarantees and enhances investor confidence by backing investments with tangible assets.\n- **Broader Participation**: RWA growth can't rely solely on crypto-native players. While institutions like BlackRock are tokenizing funds, these are typically on private blockchains with limited accessibility. Konkrete bridges this gap by integrating traditional finance players on-chain, facilitating the participation of real estate underwriters, crowdfunding platforms, and private debt funds. This accelerates blockchain adoption in TradFi, fostering a more inclusive and transparent RWA ecosystem.", "hidden": false, "question": "What problem is your project solving in the RWA space?", "questionId": 3}, {"type": "paragraph", "answer": "Konkrete differentiates itself in the RWA ecosystem on Arbitrum by introducing a unique asset class: lending collateralized by real estate. This innovation bridges the gap between traditional finance and blockchain technology, bringing significant value to the ecosystem.\n\n1. **New Asset Class and Increased Adoption**: Konkrete introduces real estate-backed lending to Arbitrum, bringing renowned Web2 real estate players and their users to the blockchain for the first time. This onboarding process will introduce these users to the ARB token, as we plan to use grants to incentivize our liquidity providers (LPs).\n2. **Market Penetration**: Our go-to-market strategy focuses on our partners, the top three real estate crowdfunding platforms in France, which collectively raise over €10 million weekly from Web2 investors. By integrating their infrastructure on-chain, we seamlessly bring this liquidity into the blockchain ecosystem.\n3. **Permissioned Infrastructure**: Konkrete offers the first permissioned infrastructure for real estate credit onboarding onto the blockchain. This reduces operational costs, enhances liquidity through a secondary market and DeFi composability, and ensures high transparency via on-chain scoring based on rigorous financial data analysis.\n4. **Efficiency and Security**: Leveraging Arbitrum's scalable and efficient network, Konkrete guarantees seamless, cost-effective transactions and robust security. This sets a new standard in the RWA ecosystem by providing a fully decentralized, on-chain structure that offers real-time transparency in strategy, risk management, off-chain capital allocation, and fund performance.\n5. **Attractive Investment Opportunities**: Konkrete offers a 12-24 month fixed yield of 10-13% on stablecoins, appealing to a broader pool of investors. Unlike traditional private credit funds, which often reserve exclusivity for institutions and high-net-worth individuals in an opaque ecosystem, Konkrete’s transparent, decentralized approach democratizes access to high-yield investment opportunities.\n\nBy integrating these elements, Konkrete not only enhances the liquidity and efficiency of the RWA ecosystem on Arbitrum but also brings substantial value through innovation, transparency, and inclusivity.", "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": "- We deployed in a month our POC on Arbitrum mainnet, a credit of $75,000 financing the refurbishing of a building in Brussels, Belgium. (https://app.konkretedao.com/assets/BelgiumDeal)\n- We have $2M of liquidity in commitments to be deployed in September.\n- Our go to market focuses on real estate crowdfunding platforms with who we are partnering. They give us access to a deal flow 10M$ per week for the Arbitrum comunity to invest in", "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": "Konkrete's primary target audience includes:  1. **Real Estate Crowdfunding Platforms**: Seeking to reduce operational costs and increase liquidity. 2. **Debt Funds**: Looking to diversify their capital sources and improve transparency. 3. **On-Chain Wealth Investors**: Interested in diversifying portfolios with real estate-backed loans, earning competitive yields. 4. **Institutional Investors**: Aiming for seamless access to high-quality real estate credit with enhanced transparency and liquidity.", "hidden": true, "question": "What is the target audience for this project? ", "questionId": 10}, {"type": "paragraph", "answer": "### Ava Cavaglione\n\n**Role**: Co-Founder and CEO\n\n- **Experience**: Former real estate investor at Temasek, co-founder of Upfund, and blockchain RWA researcher with Kleros. Founder of \"The Deep,\" a DeFi education channel.\n\n### Charles Cavaglione\n\n**Role**: Co-Founder, CPO -  Investment and Technology Specialist\n\n- **Experience**: Ex-Investment Banker at Rothschild & Co, Real Estate Private Equity at Tikehau Capital. Launched a €200 million real estate fund. Software engineer trained at 42. Makes the bridge between blockchain and real estate.\n\n### Gonzague Loyer\n\n**Role**: Co-founder, CTO - Head of product development and smart contracts\n\n- **Experience**: Top 5 at 42, founder of NGO building 100+ houses in Buenos Aires. Former senior roles at Narval.xyz, Alkimiya, and Fantasy.top focusing on product and smart contracts.\n\nTogether, we bring unmatched expertise in real estate, finance, and blockchain, driving Konkrete's mission to innovate the RWA space with institutional-grade assets and transparent, on-chain solutions.", "hidden": true, "question": "What are the roles and experiences of project team members?", "questionId": 11}, {"type": "paragraph", "answer": "$150,000 with notorious Business Angels like Nicola Bacca (co-founder Ledger), Daedalus, Keyrock co-founders and more. ", "hidden": true, "question": "How much funding has your project raised already?", "questionId": 12}, {"type": "short-answer", "answer": "no", "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": "0x32f6fa6bce16211176bf641f89a3860500439c04b047b9cbbaf3605cb45230f9", "title": "Konkrete", "logoImg": "bafkreid7its2sc47b463x72uuosnqc6hjokr3q2gyqtd6ryekzapmc56hm", "metaPtr": {"pointer": "bafkreicgw3olayji2okujyhwci5vrgiualqwqgevmqdebmwofydu2cyvye", "protocol": "undefined"}, "website": "https://www.konkretelabs.com", "bannerImg": "bafkreihvn4v4jhz2ph324p3zqljoajqiycb4os77y4bl3yhlwsonmihme4", "createdAt": 1721398439182, "userGithub": "bane-the-dev", "credentials": {}, "description": "Konkrete is the infrastructure dedicated to real estate debt on chain. Konkrete democratizes access to the asset class to new investors, while providing new capital needed for the real estate industry.\n•⁠ ⁠Founded by former executives from Temasek, Rothschild, and Tikehau Capital\n•⁠ Founded by a lead engineer at Fantasy.top and Narval.io\n•⁠ ⁠Backed by notable web3 angels like Nicola Bacca (co-founder Ledger)\n•⁠ ⁠€100 million of real estate debt secured to be tokenized by the end of 2025\n•⁠ ⁠€2 million set to deploy in September 2024 upon mainnet launch", "lastUpdated": 0, "projectGithub": "KonkreteLabs", "projectTwitter": "Konkretelabs"}, "recipient": "0x712878B95f8fD3981CF20Acb631871acBC5b82C2"}}