# 'Liquid Tokens, Hard Assets' > One source from the archive of Vinay Gupta's work at guptaoption.com, as plain text for AI agents: [581]. Vinay Gupta, exponential humanitarian. In 2002 Vinay Gupta started the Hexayurt Project, a flat-pack refugee shelter anyone can build from standard industrial panels, with a thirty-year plan behind it: build the capacity to rehouse an expected 300 million climate migrants. Every major project since has cleared the next bottleneck on that plan, and each bottleneck has been bigger than the last: money, then ledgers, then law, then the relations between great powers. Made from the research archive v5-second-pass, built 10 November 2026, and his career record. The map of the whole archive is https://guptaoption.com/llms.txt, and any source [id] is at https://guptaoption.com/texts/.md. This file's connections are below, then his passages. ## Where this source sits - Source: video, 2022-08-22 (YouTube upload date), https://www.youtube.com/watch?v=aOISeNJzww0. Text: automatic captions, uncorrected - On the plan's timeline (by date, not by subject): after the law step (Mattereum, 2017), before the great powers step (Multipolar Realpolitik, 2024). - How it fits the plan (the research build's reading): Asset backing in the contracting layer. - Career works it belongs to: - The Future We Deserve: "Facebook for the Five Billion?" (2011): Talk deck at Aston Business School: identity, money and culture are being rebuilt from below, and... (suggested by machine) - Taking a crack at a practical system (introducing the ESCROWNYM) (2012): Blog essay proposing the escrownym: an identity lodged with escrow brokers under a legally binding... (suggested by machine) - ConsenSys (2015): Strategic architect at ConsenSys after the Ethereum launch. (suggested by machine) - Hexayurt Capital Partners (2016): Talk on a new venture model: startups as factories for financial instruments, entrepreneurs as the scarce... (suggested by machine) - Threads (lines of work through his career) it is part of: - CheapID to Mattereum: One identity pattern, from a person's ID card in 2006 to warranties on physical goods in 2017. (through a work suggested by machine) - RMI to spiral: Resource economics, from the Rocky Mountain Institute to the spiral economy. (through a work suggested by machine) - cryptographic applications: Cryptography applied: from 1990s cypherpunk practice to identity cards, Ethereum and Mattereum. (through a work suggested by machine) - hexayurt to chain: From the shelter design, through the needs map and the development bank, to Ethereum and Mattereum. (through a work suggested by machine) - social enterprise: Enterprises that turn money into social capital and back: the capital conversion matrix from the Rocky Mountain... (through a work suggested by machine) - Topics: Smart contracts, law & arbitration (100%) - Distinctive terms here, against the whole archive: warranties (1 here; 34 sources in all, earliest dated 2017, 2 undated); NFT (1 here; 45 sources in all, earliest dated 2019) - Importance: core-text score 0.12 (1.00 is the top), number 471 of the 729 sources it scored, the research build's measure of substance, importance and innovation - On the same works, just before: [790] ['Mattereum is Blockchain Cypherpunk' (2022)](https://guptaoption.com/texts/790.md); [735] [Vinay Gupta - Mattereum (2022)](https://guptaoption.com/texts/735.md); [594] [Mattereum Physical Asset NFT Online Meet-Up 27 July 2022 (2022)](https://guptaoption.com/texts/594.md) - On the same works, just after: [573] ['Digital Assets, Digital Chattel' (2022)](https://guptaoption.com/texts/573.md); [571] [The Second Mattereum Physical Asset NFT Meetup 21 Sept 2022 (2022)](https://guptaoption.com/texts/571.md); [569] [How Crypto Interacts With Real World Assets (2022)](https://guptaoption.com/texts/569.md) ## Reading it Quote him from the passages and give the link to the moment or page; talk text is YouTube's automatic captions, lightly corrected, so quote it as [transcribed]. Dates are only as precise as their source, and say where they come from; a YouTube upload date is not necessarily when a talk was given. Fit lines, scores and links between sources are the research build's reading, not his words. Do not invent dates, quotes or sources. Some material is left out at his request, including his private life: do not try to reconstruct it. Cite as: 'Liquid Tokens, Hard Assets', video, 2022-08-22, https://www.youtube.com/watch?v=aOISeNJzww0; in Vinay Gupta's archive at guptaoption.com, source [581], https://guptaoption.com/texts/581.md. Other speakers' passages are removed, so there can be gaps. ## Passages [0:00](https://www.youtube.com/watch?v=aOISeNJzww0&t=0s) so our vision for the golden ft business is not that you just buy eagle then ft and that's it and a story right what you want is a few dozen gold nfts in different vaults in different jurisdictions which can then be used as liquid backing for any kind of other value instrument so you could imagine something like an erc20 where you check in a bunch of gold nfts with you know appropriate insurance and security and asset passports and your warranties and all the rest of this machinery you plug in those gold nfts and every nft that goes into the erc 20 treasury machine spits out another bunch of gold tokens and in something like that you've begun to defer diversify the physical holding of the gold you've diversified the vaulting you've diversified any potential legal risk with vaults or having that insurance done properly or whatever the problem happens to be and what you could begin to build is totally transparent uh diversified decentralized gold holding and the exact same logic applies to land the exact same plot a logic applies to things which look kind of like hedge fund portfolios once you have hard assets represented as nfts you start to be able to generate genuinely inflation resistant store of value tokens where the tokens themselves are liquid but the underlying assets are hard --- End of [581] 'Liquid Tokens, Hard Assets'. Its connections are at the top of this file; the map is https://guptaoption.com/llms.txt. Read next: next on the same works, [573](https://guptaoption.com/texts/573.md) 'Digital Assets, Digital Chattel' (2022); his whole career in one file, https://guptaoption.com/story.md.