Our Vision and Resilience to the Real Estate Crisis

The absence of Versity: A time for strategic reorganization

After a break from social networking, we're back stronger and better prepared. Indeed, the last few months have been devoted to a thorough restructuring of our company in order to better cope with the crisis that has hit the real estate sector, particularly in terms of transactions. The reorganization of Versity has been a challenge, but also an opportunity to reposition our vision.

A restructuring focused on the future and the Web3

From the very first signs of rising rates, we anticipated the need to transform our business model. We decided to downsize and refocus our partnerships on players in phase with our Web3-focused vision. This repositioning also involved a name change, from “Les Agences de Papa” to “Versity”, to better reflect our international ambition.

Where do we stand today?

Versity is now a company with a mature technology, a growing database, and a token already listed on one of the leading digital asset platforms, and we are currently in discussions to integrate others. Thanks to these solid foundations, we are in a position to offer our 3D solution to visionary Web3 partners. With an evolving legislative framework, we are well on the way to launching the commercialization of our technology. Several major contracts are currently being negotiated.

The secret of our fund-raising success

Our ability to raise funds is often puzzling. The key is that we firmly believe in our project. Together with my partner Nicolas Fratini, we have invested over €10 million of our own funds. This personal commitment inspires confidence in our private investors, and our approach has always been to favor private financing rounds over public or stock market financing.

2023 accounts soon to be unveiled

Our 2023 accounts are currently being audited, and the results may surprise many. A dispute with a chartered accountant has delayed their publication, but we will shortly be issuing an official press release detailing this information.

Versity in five years: Our ambitions

Our goal is clear: to become a European leader in Web3. Thanks to strategic acquisitions and unwavering energy, we are convinced that Versity will play a major role in the future of this sector.