Our startup, Lovecrypto, was one of 8 projects chosen by Brazil´s Central Bank in the selective Lift Lab 2022 to develop a study about the interoperability of the Real Digital and Celo´s stablecoins.
This marks the begining of our journey to reposition ourselves not just as a Cash In/Out solution, but as an innovation company in the blockchain space.
I would also like to share that we are raising additional capital in order to increase the team with professors and PHD graduates from our university (UFPE) in order to fund the research and MVP for the interoperability between the Real Digital (CBDC) and the Celo blockchain.
Imagine the things we could build with full interoperability between a CBDC and Celo?
We could, for example:
to create a green or social government bond in which, part of the yield would be automagically transfered to ReFi projects on Celo or to Impact Market communities.
to allow the Celo treasury to hold Real Digital (CBDC) in its barket.
to allow anyone to convert between the brazilian currency and Celo stablecoins at very low cost (0.30% in fees, like most Dexes charge)
If you would like to invest on us, please email edrodrigues@lovecrypto.net so I can send you our pitch deck. We are raising $750k USD at a $7.5MM USD valuation.
We are still looking for value aligned investors to join our Seed+ round and give us the extended runway to execute the project for Brazil´s Central Bank to study the interoperability between its CBDC, the Real Digital, and Celo Blockchain.
Hey friends. Sharing the most recent news with the LIFT Lab.
We had our second meeting with Brazil´s Central Bank team and agreed on a scope and use case.
You can see the presentation we showed them in this link.
The use case will be to send a tokenized asset (a brazilian bond) from the Real Digital blockchain to Celo´s blockchain, and vice-versa. This MVP can be later expanded to allow any ERC-20 token to be transacted between the two chains. Thus, allowing the atomic and programmatic exchange of fiat to crypto assets. In my estimate, this can lower the cost of cash in/cash out to 0.3%, instead of the 1.5% to 5% what is practiced in Brazil today.
Hi Mila, the LIFT Lab with Brazil´s Central Bank is expected to end by January 2023. However, if everything goes well, we will be able to create a new product to be launched together with the Real Digital (Brazil´s CBDC) which will allow the interoperability between Real World Assets (RWA) registered in the Real Digital Ledger with stablecoins, such as cREAL or cUSD.
One thing is for sure, we are having the opportunity to know how the Brazilian CBDC, one the first of the world to be launched, is developing. A true privilege. And it can give us a competitive advantage in the time to market for new products.
Our team is still looking for investors for our next round. USD$750k at a $7.5MM pre-money valuation. This is our updated Pitch deck.
Hi @MilaRioja and @Polo . Thanks for your interest. The LIFT Lab 2022 is going smoothly and we already had our 5th meeting with them. They are very helpful regarding possible compliance and regulatory implications of the ideas, and we, in turn, help them with ideas regarding the blockchain technology and possible problems that the Real Digital might encounter.
One thing that I am trying to articulate with them and with some universities in my city, including my Alma Mater, is the creation of an accredited course similar to Lift Learning (https://liftlearningdf.com/), with the objective of educating the next generation of developers in the Real Digital stack.
Today (16/11/2022) there is a conference held by Brazil´s Central bank in which they will announce many things about the Real Digital. After they publish the videos I will post it here.
We thank Prezenti for the generous grant that will allow us to keep perfecting the project in 2023. In the future, maybe anyone, anywhere, will be able to buy Real World Assets registered in the Real Digital ledger with Celo´s cStables.
If you are an accredited investor who likes crypto: a fund from Brazil got interested in joining our round as a follower if we find a lead investor.
