FAQS

WHAT KIND OF PLATFORM IS MAGMA?

Magma is a building enhancement tool designed for you to optimize your property's operations by linking your model to real world input. A Magmafied building is the minted avatar of your property which fuses data and stakeholders alike in a collaborative digital environment.

WHAT IS A DIGITAL TWIN?

A digital twin is a carbon copy of your physical building but as a virtual building model. The model is derived from your typical CAD (Autocad) or BIM (Revit) and its component properties. Magma goes a step further in offering the ability to upload additional information unrelated to the BIM infrastructure to from a more complete picture of your property. This increases the valuation of your model.

WHAT SORT OF TRANSACTIONS CAN I DO ON MAGMA?

By certifying your building as an NFT, the V1 version of Magma offers the ability to upload documents, define collaboration zones, invite stakeholders, get notifications, setup tasks/ events/ & schedules, & lease spaces.
By the V2 version of Magma will offer the additional ability to browse through service providers, dispatch work orders, and much much more...

IS IT COMPLICATED TO UPLOAD A BUILDING?

Uploading your building is easy. Simply drag and drop your CAD or BIM to the upload window. Your model will go through a verification process with a Magma team member. Once validated you are free to explore the model and begin operations. Buildings are living and breathing machines, so your model would be updated monthly depending on its evolving complexity.

WHAT IS A STAKEHOLDER?

A stakeholder is anyone who interacts with your digital twin. They can be building owners, asset managers, building managers, service providers, tenants, 3rd party users, or even observers. Each stakeholder is granted particular sets of default access permissions covering proprietors, editors, commentators, and readers.

ARE YOU ON A BLOCKCHAIN?

YES, we support multiple blockchains. The principle benefit of Magma is the ability to execute transactions through smart contracts seamlessly. Depending on the content, your building's pieces are certified as NFTs to authenticate their model properties. We aim to be a Decentralized Autonomous Organization with its own governance token.

WHAT IS THE MAGMA INDEX?

The Magma Index is an indication of completion of digitization of the building relative to the documentation and Level of Detail provided in the 3D model. This is the power of your building as defined by the amount of data fused with your model on the Magma platform. Magmafication is simply the process of compiling your model's data. This is represented through a status bar measured by how much default information is provided along with any additional data (such as 3D objects, permits, tax history, equity, etc...) that counts to increasing your digital twin's "completeness".

WHAT IS AN NFT?

A Non-Fungible Token is a digital representation of an asset on a blockchain network. Think of it as a certificate of authenticity. It states ownership and rights over the data in a cryptographically secured and immutable way. Therefore protecting the intellectual property and ownership of the object. It can be transferred and stored on a blockchain network. This is especially important when linking to a metaverse.