2018-10-22_Cerulean_Circle_GmbH_LogoCerulean Circle
Confidential Investment Prospectus

Project Sanctuary

Rescuing a stranded creator community and giving digital‑art owners permanent, self‑sovereign title to their work — on a performance‑proven Web4x metaverse.
A new, dedicated entity  ·  backed by Cerulean Circle GmbH  ·  powered by 🌿 Ecoverse
SEED / STRATEGIC ROUND
The AskUS $5,000,000
For10% Equity
Implied Valuation$50M post*
Catalyst Deadline27 July 2026
01 — Executive Summary

A dated wipeout, a ready destination, and permanent ownership

Watch the 30‑second film
youtube.com/shorts/2WSNNF9qDhw
Open ↗
Tyler Hobbs × Apple Vision Pro — in‑headset film
youtu.be/m8vwpB70v5A
Open ↗
Davos 2024 — the Ecoverse space
youtube.com/embed/InfL8sWrsQw
Open ↗

On 27 July 2026, Spatial sunsets its Free and Pro creator tiers and ends 3D‑world hosting for them. Creators have been told to download their assets before that date — anything left is deleted. An ecosystem accumulated over nine years is about to be stranded.

Project Sanctuary is a new, independent entity created specifically for this opportunity — backed by Cerulean Circle GmbH as technology partner and incubator, and powered by the 🌿 Ecoverse runtime, but incorporated and capitalized as its own company so investor equity sits in a clean vehicle. It does three things in one motion: (1) migrates stranded creators and their composed worlds, with their consent, onto Ecoverse, a performance‑proven, web‑native metaverse; (2) issues each owner a Web4ID self‑sovereign identity so their ownership is cryptographic, portable, and theirs forever; and (3) assembles the result into the first identity‑protected digital‑art community at scale — a community that can never be wiped out by a single platform's shutdown again.

The one‑line thesis. We acquire an existing, pre‑engaged creator base at a fraction of paid‑channel cost, give them something no incumbent offers — durable, portable ownership of their IP — and monetize a destination platform they have every reason to adopt before a hard deadline.
~3M+
Spaces created on Spatial (cumulative)
~100
Concurrent users demonstrated, single event
~7 wks
Migration sprint to deadline (+ ~14 mo runway)

Sources: Spatial creator‑platform sunset notice & asset‑deletion deadline (spatial.io blog, 2026); UploadVR coverage; cumulative figures from Spatial's own platform marketing. Concurrency demonstrated at the Pace Gallery / Tyler Hobbs opening (recorded footage available in diligence).

02 — The Catalyst

Why now is not negotiable

Spatial has confirmed it will sunset its Free and Pro tiers and discontinue 3D‑world hosting for them on 27 July 2026, while continuing to serve enterprise customers. Creators must export their assets before that date or lose them permanently.VERIFIED

The critical, under‑appreciated detail: owners may be able to download raw asset files, but they lose the composition — the assembled, multiplayer, hosted world that gave the work meaning and audience. Restoring that composed, living experience is exactly what a destination platform provides and what individual file export cannot.

Honest framing of scale. The 3M+ figure is cumulative creation, not active users. Public web‑traffic estimates for spatial.io (~250K monthly visits; global rank ~93,000) indicate the genuinely active community is a fraction of the headline — likely tens of thousands. Our model is built on that reality, not the headline. (Similarweb / Semrush estimates, 2025–26.)
03 — The Solution

Migrate. Protect. Belong.

① Migrate

A migration package moves creators' standardized 3D assets (glTF/GLB, USDZ, FBX and texture maps) and rebuilds the composed experience on Ecoverse before the deadline — on an opt‑in, owner‑consented basis.

② Protect

Each owner receives a Web4ID self‑sovereign identity binding their IP to a cryptographic, portable, owner‑controlled title — protection that persists across platforms, vendors and devices.

③ Belong

Migrated creators join a curated, identity‑protected digital‑art community with ongoing hosting, discovery, multiplayer and runtime — a permanent home, not a one‑time rescue.

The value to the asset owner is not "download files you already own." It is ownership you can prove and carry anywhere, plus a living runtime for work that would otherwise go dark. That is the difference between a backup and a sanctuary.

04 — Why This Team Can Do It

A rare convergence of identity, metaverse and art‑world credibility

Web4x & self‑sovereign identity — the ownership spine

The migration's durable differentiator is identity. Marcel Donges is a software architect with a 30‑year track record across the Internet of Things, Internet of Services, Industry 4.0 and large‑scale systems (including Chief Architect, Smart Cities Stuttgart; Borland alumnus). He is the creator of the Web4x framework and the WODA / ONCE reference implementation, publicly presented at OW2con, Paris, 2019 — Europe's largest open‑source community.VERIFIED He leads Web4ID, a reusable self‑sovereign identity system built on Web4x — with identity partners including DAL and tenbeo (from the Heartspaces initiative).SOURCED

Donges' Web4x framework is featured and discussed as a third‑party subject in Krista Kim's book Human Sovereignty (2026), which traces a consistent thesis of data ownership and trust and treats Web4x and the EU's own legislative direction as converging toward "data sovereignty as a default right."SOURCED

Ecoverse — the performance‑proven destination

Ecoverse, led by metaverse & XR pioneer Philip van Nedervelde (23+ years XR; founder of award‑winning studio E‑SPACES), is a web‑native metaverse built on modern WebXR / Babylon.js — architected for fast, download‑free, multi‑user experiences and positioned as a lighter alternative to heavyweight engines.SOURCED

Macro tailwind — the EU's Web 4.0 strategy

On 11 July 2023 the European Commission adopted a formal strategy to lead on Web 4.0 and virtual worlds, framing it as the next transition after Web 3.0 and emphasising open, interoperable, rights‑respecting virtual environments — directly aligned with an ownership‑first, identity‑anchored approach.VERIFIED

05 — Business Model

Acquisition engine + recurring platform

Two revenue lines: a one‑time migration + ownership package (~$1,500) and a recurring membership/runtime subscription (~$500/yr). Migration fees are the customer‑acquisition engine; the platform's recurring economics are the return driver.

Effective acquisition cost
≈ $10–$50 / engaged user

Acquiring a pre‑engaged base via a deadline‑driven offer, well below typical metaverse/gaming paid‑channel CAC of ~$20–$100+.

Why owners convert

A hard deadline, an emotional loss (their composed world), and a unique offer no incumbent matches: provable, portable ownership plus a live runtime.

06 — Conversion & Revenue Scenarios

Modeled on the active base — not the headline

Platform‑shutdown research consistently shows that full migration to a single named destination is a minority of the engaged community (studies of displaced communities cluster around ~4–20%, highest for the most‑attached users). We therefore model paying migration against an engaged base of ~50k–150k, not the 3M cumulative figure.

ScenarioPaying migrantsOne‑time ($1,500)Recurring ($500/yr)
Conservative3,000$4.5M$1.5M / yr
Base case7,500$11.25M$3.75M / yr
Upside20,000$30.0M$10.0M / yr
Headline ceiling*1,000,000$1.5B$500M / yr

Recurring figures are pre‑churn. *The headline‑ceiling row is a theoretical maximum shown for completeness only; it is not a forecast and the raise is not predicated on it. The base case is the figure management actually underwrites.

07 — The Ask & Use of Funds

$5,000,000 for 10% — sized to the plan, not the dream

The raise is sized to what the capital must do across two phases: a ~7‑week migration sprint to 27 July 2026 (finish the migration software, run the marketing push, issue Web4ID title, and host migrated worlds at scale), followed by a ~14‑month runway to convert rescued creators into a sustainable recurring‑subscription community. Entity formation runs in parallel from day one. A clean new entity cherry‑picks the proven pieces — Ecoverse runtime, Web4ID identity, and the Spatial migration opportunity — built from scratch, isolating investor equity from unrelated history.

Use of funds%Amount
Migration software finalization & engineering30%$1,500,000
Marketing push to Spatial subscribers (deadline‑boxed)25%$1,250,000
Platform / runtime + hosting & parallel‑instance scaling18%$900,000
Web4ID identity issuance at scale12%$600,000
Entity setup, legal, IP & ownership agreements8%$400,000
Operating reserve / contingency7%$350,000
Total100%$5,000,000

*Valuation ($50M post‑money) is a proposed opening position, subject to negotiation and diligence. The investor becomes a shareholder in the new entity, with the Ecoverse runtime, Web4ID identity layer and migration opportunity contributed under formal agreement.

08 — Execution Timeline

Sprint to the deadline, then build the recurring business

Today is 9 June 2026. Spatial deletes unmigrated creator worlds on 27 July 2026 — roughly 7 weeks. There is no slow ramp: the migration is a sprint that begins immediately, entity formation runs in parallel (as fast as notaries and registries allow), and the months after the sunset are dedicated to retention and standing up the subscription business that sustains the community.

NOW — week 0 (9 June 2026)
Migration sprint begins immediately; migration pipeline live for standardized formats; Web4ID issuance flow active; full marketing push to Spatial subscribers — "save your assets + own them forever." Entity incorporation & contribution agreements (Ecoverse runtime, Web4ID) run in parallel.
Weeks 0–7 — the migration window
Scaled parallel‑instance hosting; creators migrate and receive portable Web4ID title; daily conversion ramp as the deadline approaches.
27 July 2026 — Spatial sunset (hard deadline)
Migration at capacity; all opting‑in creators must be migrated by this date. Unmigrated worlds are deleted by Spatial.
Month 2 onward — ~14 months runway
Pivot from rescue to sustainability: activate recurring subscriptions, community curation, marketplace/discovery, and second‑wave acquisition beyond Spatial — building the durable subscription business that funds the community long‑term.
09 — Risks & Mitigants

What could go wrong, stated plainly

RiskMitigant
Conversion below base case. Active base may be smaller / less attached than modeled.Raise sized to a focused plan, not to high conversion; reserve included; recurring platform value beyond migration.
"Just a download." Standardized formats mean owners can export files themselves, free.We sell composition + runtime + provable ownership, not file export; identity layer is the moat, not the file move.
Ownership / ToS exposure. Migrating others' assets touches Spatial terms and creator rights.Opt‑in, owner‑consented migration under formal agreements; owners retain their content; legal line‑itemed in use of funds.
Concurrency / scaling cost. ~100 users/instance implies many parallel instances at scale.Web‑native architecture engineered for parallel instances; hosting budgeted; demonstrated at a real event.
Competition. Other platforms could court the same orphaned base.Deadline‑boxed first‑mover push; art‑world relationships (Pace/Hobbs, Kim); identity differentiator others lack.
10 — Available for Diligence

Evidence behind the claims

Important notice. This document is a confidential summary prepared for discussion with prospective investors and partners. It is not an offer to sell or a solicitation to buy securities, and it does not constitute investment, legal, financial or tax advice. Forward‑looking statements, conversion scenarios and revenue figures are illustrative estimates based on stated assumptions and third‑party data; actual results may differ materially. Certain claims rest on materials the company will make available in diligence rather than on independent third‑party audit, and are labeled accordingly (VERIFIED = independently corroborated; SOURCED = supported by named third‑party material; DEMONSTRATED/LIVE = shown by company‑provided footage or live environments). The proposed valuation is an opening position subject to negotiation and due diligence. Recipients should conduct their own independent verification. Cumulative platform figures (e.g. 3M+ spaces) reflect total creation, not active users. Project Sanctuary is a separate legal entity to be incorporated for this venture; Cerulean Circle GmbH acts as backer and technology partner and is not the issuer of any securities described here. The migration described is opt‑in and owner‑consented; this document does not represent any completed or contracted acquisition of Spatial or its assets. References to partners (Ecoverse, Web4ID, DAL, tenbeo) describe intended technology relationships under formal agreement.
08.06.26 © Cerulean Circle GmbHProject Sanctuary