# RWA on Ethereum mainnet and L2 > One source from the archive of Vinay Gupta's work at guptaoption.com, as plain text for AI agents: [661]. 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, 2024-05-08 (YouTube upload date), https://www.youtube.com/watch?v=a8v33zVQuJ8. Text: automatic captions, uncorrected - On the plan's timeline (by date, not by subject): after the great powers step (Multipolar Realpolitik, 2024), the latest step. - How it fits the plan (the research build's reading): Engineering detail of the contracting layer. - Career works it belongs to: - 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) - Half a Trillion Dollars a Year of Magic: Blockchain, AI, and the Future of the Built Environment (2026): Mattereum essay: combine AI with the blockchain into self-enforcing smart contracts and move real estate... (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) - Topics: Smart contracts, law & arbitration (100%) - Distinctive terms here, against the whole archive: real estate (2 here; 106 sources in all, earliest dated 2013, 2 undated) - Importance: core-text score 0.10 (1.00 is the top), number 594 of the 729 sources it scored, the research build's measure of substance, importance and innovation - On the same works, just before: [665] [Evolution of Financial Instruments (Part 1) (2024)](https://guptaoption.com/texts/665.md); [664] [Evolution of Financial Instruments (Part. 2) (2024)](https://guptaoption.com/texts/664.md); [663] [Ownership Fractionalization: Kickstart Innovation (2024)](https://guptaoption.com/texts/663.md) - On the same works, just after: [561] [How the Blockchain can liberate producers and consumers. (2024)](https://guptaoption.com/texts/561.md); [559] [Gold RWA arrive onchain! (2024)](https://guptaoption.com/texts/559.md); [558] [Event Spotlight - Talk at LOGIN 2024 - Can regulators... (2024)](https://guptaoption.com/texts/558.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: RWA on Ethereum mainnet and L2, video, 2024-05-08, https://www.youtube.com/watch?v=a8v33zVQuJ8; in Vinay Gupta's archive at guptaoption.com, source [661], https://guptaoption.com/texts/661.md. Other speakers' passages are removed, so there can be gaps. ## Passages [0:00](https://www.youtube.com/watch?v=a8v33zVQuJ8&t=0s) so if you're going to have a piece of real estate worth a million dollars you pay the gas fees to give that thing an L1 identity and you put the major updates about that thing into the L1 if you've got a piece of real estate that's worth $25,000 you're going to use an L2 for that because you're not going to pay the transaction fees to shove it into the L1 big stuff you pay the fees you put it in the L1 because that's the most trusted intermediate stuff sits on what you would Now call an L2 trivial stuff sit on these little eal chains that just keep the data as long as it's required legally and then they throw it out and it's never seen again if I could make one change to the ethereum architecture it would be this I would have l2s publish a a strict well understood uh statement about when they will Purge the data --- End of [661] RWA on Ethereum mainnet and L2. Its connections are at the top of this file; the map is https://guptaoption.com/llms.txt. Read next: next on the same works, [561](https://guptaoption.com/texts/561.md) How the Blockchain can liberate producers and consumers. (2024); his whole career in one file, https://guptaoption.com/story.md.