One of the aspects of Quest is that we can also tokenize the metaverse as it pertains to Real World Real Estate. Let me explain: the metaverse can be overlaid on real estate and have a metaverse that resembles the real estate. When done so, the metaverse space becomes intellectual property, and the owner of the real estate has the right to own the metaverse space that resembles the real estate. This enables owners of real estate that has a particular value beyond the normal can tokenize the metaverse space and profit from it. As a result of this, we were able to acquire a contract for the production of tokens for VirtualCons <https://virtualcons.com> . The minting quota was set at #1.5 Million. The company, VirtualCons, had a contract to purchase the home that was a filming set for the show “The Sopranos”. They were going to create a virtual set inside the home and use the home as a tourist attraction. Upon production, the SEC and FTC began to question the compliancy of all virtual assets and propagate new rules and regulations. These actions led to the pausing of the minting so that we could determine how to proceed in compliance with the proposed commissions regulations. During this time we began moving toward a launch in the EU, UK, and MENA regions. Although the tokens were un-minted, we gained significant working experience in GDPR and EU AML/KYC regulations.
