Decentral Life is a Software-as-a-Service (SaaS) and Blockchain-as-a-Service (BaaS) technology company, providing AI and Web3 solutions through license agreements with technology companies that participate in our Technology Business Incubator (TBI) program (a division of the company). The TBI division provides Emerging Growth companies with executive leadership, and C-suite Consulting Services aimed at making it easier for their founders to focus on expanding their business growth.
Software-as-a-Service (SaaS) and Blockchain-as-a-Service (BaaS) are cloud-based solutions that provide managed software and blockchain functionality to organizations. We provide AI and Web3 SaaS and BaaS technology solutions to the companies that participate in our TBI program, along with tech consulting to Emerging Growth Public Companies that do not participate in our TBI program.
One of the ways that we generate revenue from the companies that participate in our TBI program is by charging a minimum monthly SaaS licensing fee, or 5% fee on their revenue, whichever is greater. This method establishes a minimum in our annual revenue projections, while benefiting from the upside growth potential of our TBI clients. Additionally we receive a 15% of the common stock in the TBI participating company if they reach a liquidity event such as an IPO, merger or acquisition of their company. For non-TBI participating companies, that license our decentralized applications or pay for our consulting services, we charge industry standard fees based on the combination of services rendered.
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