GAINS Associates
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GAINS Associates

Witly — Telegram AMA — February 21

On Monday, February 21, we had the pleasure to welcome to our Telegram chat:

Grant Wise

We asked him questions about the development of Witly.

Some sentences have been slightly edited for readability but the meaning has been conserved.

Introduction

Q — Ayeley from GAINS: Please introduce yourself. Tell us about your crypto journey and your current involvement with Witly

A — Grant from Witly: I have spent the last near-decade in advertising technology in real estate. We’ve built software that runs ads for real estate agents so they can sell more property in the real world, the expertise we’re taking into the metaverse. Our clients include some of the top-performing brands and businesses all over the world and we’ve helped sell over $2B of real estate in the real world.

My passion in the crypto space as an innovator and creator is solving high-level problems specific to my expertise and that has led us down this path of making it easier for people to browse, buy, rent, and sell virtual land.

About Witly

Q — Ayeley from GAINS: Tell us more in detail about Witly.

A — Grant from Witly: Well, have you maybe been wanting to buy virtual land but don’t know what to buy, where to buy it, or even how to buy it? There are so many different metaverses and even if you only focused on the top four performing Metaverse’s, it’s very hard to know what is valuable. Witly.io streamlines the browsing and buying experience with an NFT marketplace specific to buying/selling virtual land in any metaverse. We aggregate all virtual land data from all metaverses into one place.

We are giving people access to our technology and real estate resources to expand metaverse land sales in a big way.

Q — Ayeley from GAINS: Beyond land in the metaverse, does Witly provide an NFT marketplace for land that exists in the actual world?

A — Grant from Witly: Our focus is solely on the metaverse but we have recently helped sell real-world property in the United States that listed and sold as an NFT

Q — Telegram user Topind: How can I get to quickly identify trending Virtual Real Estate projects with the most upside potential to invest in with your help as it can get overwhelming to do on my own?

A — Grant from Witly: Location is key. For now, you must pay attention as specific properties are purchased/sold near influencers, celebrities, businesses, etc. The projects have the most value because they have the most attention (i.e. best location)

Q — Telegram user Anitax: Your platform is a virtual real estate aggregator intended for the metaverse but could you explain to me if this service would be free or would it be paid? If paid, could you explain how this would work? By using your token or some kind of subscription?

A — Grant from Witly: Holders of the $WITLY token will unlock access to the platform and all of its resources.

Token

Q — Ayeley from GAINS: Talk us through the token utility. What role does the token play in the Witly ecosystem?

A — Grant from Witly: The core utility of the $WITLY token will be for buying/selling virtual land. As a holder of the token, users will unlock quite a few benefits.

Token holders will enjoy exclusive privileges based on the amount of tokens Staked or held in the account. For eg;

Access to the Witly.io Marketplace
Discount access to property purchases
Early access to newly launched metaverse NFTs
Access to research about new projects & their prospects
Exclusive information about investment trends in projects
Access to courses and training programs for NFT real estate Investing free

The $WITLY token will be used for the following transactions/purposes.

Listing Fees
Advertising Fees
New Metaverse NFT Launch Fees
Rental & Leasing Transactions
Staking Rewards
Brokerage or Commission

*Not a complete or exhaustive list, more transaction types will be added as the platform grows.

Security

Q — Telegram user natasya rina: You say “Witly helps you find the top Virtual Real Estate properties available on the Metaverse in minutes” Does Witly audit and review projects before they offer them? How can we be sure that the project he is about to offer is a safe and promising project?

A — Grant from Witly: Witly will work in partnership with top metaverses to ensure projects that are listed on Witly.io are safe and trustworthy. We also will review projects before we allow them to list on Witly.io as best we can to ensure such safety in transactions.

Partnerships

Q — Ayeley from GAINS: Can you tell us about your partnerships?

A — Grant from Witly: Absolutely! We’ve already partnered with platforms like Netvrk, DROPP Land, and Nakamoto Games new metaverse Nakaverse

Funding

Q — Ayeley from GAINS: Did you raise funds so far? If so, how did you handle them? Are you planning to do any future raises?

A — Grant from Witly: Yes! We are actively raising funds for the Witly.io project and have closed our Seed and Private 1 rounds of funding. We’re raising in our strategic round now and anticipate closing the round soon. Grateful to have GAINS as a partner in the project! 🙌🏼

Competitive Advantage

Q — Ayeley from GAINS: What are some advantages of me selling my virtual land on Witly as compared to, say Opensea?

A — Grant from Witly: Opensea is a great platform but it encompasses ALL NFT’s, not just real estate. Our focus (and expertise) is in real estate which gives you resources you simply cannot access with Opensea. We also have developed great partnerships already and will continue to do so with different Metaverses which means we’re getting better insights and in some cases even discounted properties our users can access.

The different Metaverse platforms have recognized this expertise and are working very closely with us to sell their virtual land.

Q — Twitter user @vicky64812448: Can you list 1–3 killer features of this project that make it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?

A — Grant from Witly:

1) Data aggregation
2) Ad Technology
3) Real Estate Resources

All of the above-mentioned are features surrounding the project that nobody in this space has access to which give us incredible first-mover advantages and traction. I’d like to again add our experience and expertise to this. We are already one of the most trusted names in our space helping people sell real estate in the real world. We’re simply taking that expertise into the Metaverse.

Business Development

Q — Ayeley from GAINS: How far along are you with your roadmap and what should we expect in the next weeks and months?

A — Grant from Witly: We are closing out our funding rounds and will TGE in March. Once complete, we will release our platform to our community in Q2. Everything we have planned is going according to plan thus far.

Q — Twitter user @cryptoomonsters: Trust is very important in business. So, what makes investors, customers, and users feel safe when working with Witly? And how will you get the trust of many users that have negative thoughts about Blockchain and DeFi?

A — Grant from Witly: Trust, authenticity, transparency, etc. are all so important…being in business for the last 9+ years with a track record of performance gives this project a bedrock of trust to build upon. Witly isn’t just a paper idea. It’s a real business with users and traction already. We’re a company that operates in complete integrity with our users and our partners because our success depends on it.

And in my opinion, this is why our success in the Web 2.0 space is so important. As people have searched about Witly, what they have found is that we’ve done what we’ve said we would for the last decade and I personally think this is so important looking ahead.

Q — Telegram user $Christopher: Community being the heart of everything, how will the Witly team manage to develop an encouraging and supportive environment for their community to not only visit but to allow thrive there? How do you plan to integrate them into being a vital part of this project?

A — Grant from Witly: Community is everything. Witly has 26 team members on staff now and we place an enormous emphasis on content and community. We will continue to work to support our community with clear and open lines of communication. We will constantly take feedback from the community to make our platform better, and we will release special benefits and bonuses to our community (that holds the $WITLY token) that nobody else will have access to.

Q — Ayeley from GAINS: Thank you, Grant, for coming into our community, and taking the time to answer our questions. Do you have any final words for us? Where can we follow you to stay updated?

A — Grant from Witly: 🖼 Thank you to the GAINS Community! You all have been great. Here’s more info on how to stay connected to the Witly.io project: Website | Telegram | Twitter | IG | FB

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