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AAG #218 - Porsche 🚘
Recorded: March 27, 2025 Duration: 2:04:44Space Recording
Short Summary
In the latest episode of 'Attempts at Governance,' key discussions revolved around the growth of the Polkadot treasury, the launch of new projects, and the importance of community engagement in governance. Notable funding approvals and the challenges faced by certain proposals highlighted the dynamic nature of the crypto landscape.
Full Transcription
so so so so Thank you. I'm going to go to the next video. Thank you. Thank you. Music so Thank you. Music so so so so I'm out. so Thank you. so so Thank you. No more so good morning and good afternoon everybody welcome to Welcome to Attempts at Governance, episode 218.
AAG, the longest-running blockchain governance show in history.
We are very lucky to be joined by so many wonderful faces, new faces here today.
We have, well, actually returning faces. We have Kukabi back on the show.
Pauline from the PBA, welcome.
We have Bill and Karam here. Strindberg, welcome back.
The White Rabbit is in the house.
Nikos, Carlos, Ryan, the guys from Heroic, and Mr. Limo in the top left corner.
We're going to start right now with the state of the treasury.
It is up only this week.
When it comes to DOT, up $470,000 DOT, worth $2.1 million at today's market value.
That brings the DOT treasury to $30.77 million
DOT. USDC is up $200,000 to $2.77 million and USDT up $110,000 to $8.32 million. That is the
state of the Treasury. Oh, wait, one sec. I just wanted to say, look at this epic recovery of DOT in the treasury.
We are up to, we are up from our lows. I think the all-time high for DOT in the treasury is
44 point something million. We're already back to 15.6 million, just a 3x to go. And we'll be
right back to where we were a year ago. So that's the state of the treasury. I'll now throw it over.
a year ago. So that's the state of the treasury. I'll now throw it over. Oh my goodness. I am
honored. I am elated. And I am pleased to present Funky for the state of the funk.
Thanks so much, Jay. The state of the funk is free because we are no longer a DV. And I just
want to start off by saying congratulations to cohort for those of you who
are selected um i will tell you it is a lot of work and i you know a lot of this fell on my
shoulders as the point person leading our dv delegation a lot of times spent fielding comments
so on and so forth i mean i know it's still going till apr April 14th, but for those who are coming in, it's very serious work.
You have to be great stewards of the ecosystem.
I would encourage everyone to do their due diligence with every single proposal.
Do your best about giving feedback.
I'm sure we'll touch on this in a broader discussion today.
So I have some other comments I'd like to make, but I'll just keep this short and just say that I am torn in the real sense.
It's been an honor to serve.
Obviously, Lucky Friday will continue to serve.
We'll still vote and everything else, even though we don't have a ton of dot.
But also just I feel like a little lighter today, knowing that I won't have to have that responsibility on my shoulders.
Thanks so much, Jay.
Thank you for your service, Funky, and nice to have you back.
We are going to have a deep discussion about the new DV later in the show,
but for now,
we're going to get to referenda gone by with Limo.
So we have seven refs gone by this week.
The first one,
which is just confirmed is by Raul on the medium spender track.
Ref 1476.
This was approved and it is for 235 000 usdc for just
ventures retroactive compensation for contributions to the poker ecosystem and i think everybody
that's in polka dot knows those guys help out a lot so congrats to the team then we have poke
assembly ref 1463 this was also approved and this is for 531 000 usdt for poke assembly social contract
2025 seemingly people were happy with the changes they made since the last time they submitted
then there's one we normally don't mention timed out refs but um this one was funny uh this is by
unchained ref 1488 timed out i think they got named immediately when posting. And it was for $416,000 for Laura Shin's Unchained podcast.
Then I've put BigGriftGetFucked.
It's interesting.
Then we've got one by VictorF1462.
This was approved, and this is $657,000 USDC for the PokéDot API 2025.
And I think we might talk a little bit about payouts uh at some point um because i
think these guys need to do the claim as well then we have jc on the small spinner track rev 1453
this was rejected and it was for 46 000 usdt for the editorial board in spanish from the period of
december 2012 24 to may 2025 so we'll see if they come back then we've got these
guys are on the show a few times the next two uh this is india unlocked on the small spender track
ref1449 this was rejected and it was 69 000 usdt for namaste polka dot education and community for for Polkadot India. And finally, we have PYOR ref1
for free 8. This was rejected
and it was for 78,000
USDC for PolkaPulse
DeFi dashboard for Polkadot
parachains. And
that is all the refs gone by this week.
Well, you piqued my interest there,
Limo. Something about
you were saying this Polkadot API,
maybe they need to claim their stablecoin payout here.
What are you talking about? What's the issue?
Okay, so before we had stablecoins that you could get from the treasury, everybody was used to this spend period in Polkadot, right?
And it's like 28 days or seven days on Kusama,
six days on Kusama.
So people used to just wait for that time period to elapse
and then they got automatically paid out.
Different on AssetHub when you're requesting assets,
when your refund is approved,
you have 30 days to claim those tokens.
So there's a video on my YouTube of how to do this you can do it
through the uis um if you're using like an individual account um but basically um you
can see pending uh spends and if you don't claim it expires right anybody on the network can claim
it for you i've claimed it for like wallet. I've claimed it for some stuff that
Shreden Bergman's been doing,
but it requires somebody to be paying attention to claim it.
So at ChaosDAO we were reviewing pending spends
at the weekend to see,
because there's all this problem with like the treasury
not having enough stable coins and stuff.
So we were trying to see who hasn't claimed yet
and it's pending. There is one spend that has expired not having enough stable coins and stuff so we're trying to see who hasn't claimed yet and is pending
um there is one spend that has expired that people probably will not be happy with and it's uh the
talisman mobile wallet um proposal actually expired and uh didn't get claimed so they need to now
resubmit their referendum if they want if they want the money um there are like i think seven spends um there's some that
are scheduled in the future like snow bridge for example um so they can't even claim them yet the
30 day period hasn't even started but for example the polka dot api team um they have like 26 days
left or 25 days left um but either they need to claim it or somebody else needs to claim it for
them right um so yeah please remember to claim your money because otherwise you have to go again, which probably isn't great.
Okay, so just to review this, Talisman mobile wallet proposal, 598.1000 USDC.
That USDC has been returned to the treasury, meaning Talisman is going to have to resubmit here.
Very painful.
Yeah, so the funds don't leave the treasury, right?
They're just like staying, but you can claim it, right?
But yeah, they didn't claim it.
We noticed it like on Saturday or something.
And I believe the team know about it now.
Okay.
Well, hopefully when they come back,
we can get that through as quickly as possible.
Obviously these mistakes happen.
It's even happened to the Coos once, but, we can get that through as quickly as possible. Obviously, these mistakes happen.
It's even happened to the Coos once, but hopefully we can get them through.
And the Polkadot API one you mentioned there, Nikos, you were telling us that because there was this deal with the Polkadot Community Foundation, right?
Yeah, has there been any more communication with them?
Because, I mean, if we claim these funds, it's going to go to their wallet, right? And any update in that case?
The only thing I ask the guys is to communicate some people that are more proficient than me on the subject. And I think they did. I don't want to speak on their behalf as I'm not part of the team, but I can ask them to be on the next EAG.
Okay, yeah, that'd be good.
I mean, obviously, everybody was very supportive of this proposal.
We just want to make sure those funds
actually get to you guys
because, you know, the Pappy talk is always positive
and we don't want to have any obstructions there.
All right, well, thanks very much, Limo,
for referenda gone by.
We are going to start with a check-in
on the dot play bounty, but I want to
give just a little bit of context and update here. So last night, you know, we've been doing these
East Toronto meetups, right? I've been kind of raving about them. Last night, we did a little
field trip downtown Toronto, and lo and behold, there's a group called Toronto Dow, which throws
banger events, apparently. And so we just joined forces
with them and spread the good gospel of wood. And it was a pretty interesting meetup because
this was actually sponsored by Sui Play. No, not Sui Play. Let me see here. Yes, Sui Play,
they're called. Sui Play. And what is Sui Play doing? Well, Sui Play, okay, so they had a beatboxer,
actually. Let me play this for the...
Pretty sick.
So they had a beatboxer in there.
They had a comedian in there.
It was a great event.
But what happened here is SuiPlay paid Toronto DAO to host this event
and shill the SuiPlay device, which I'll tell you about in a
second. Nobody from SUI was there, unfortunately. I really wanted to speak to them. But what they're
basically doing is this is a white label Steam Deck, basically. Or not a Steam Deck, but the
OS of a Steam Deck. And it's in this basically kind of like a PSP looking device. And it's going
to play games that run on the SUI blockchain,
which are very rudimentary so far.
But if you go to the website,
they do have AAA games showing on the website like it's possible.
And yeah, $600 for the device.
If you want to buy it, apparently it's going to sell out quick.
But anyway, that was an interesting look into the SUI ecosystem
and with an event on the ground.
It's really nice to meet those guys from Toronto DAO.
Can't recommend getting a meetup going enough.
It's like you just keep accelerating and joining forces with everybody on the ground.
But anyway, in other gaming news, Arbitrum appears to be under fire.
Remember they had that $200 million gaming fund?
Well, members of that DAO seem to be a little upset with how that's been going.
And it looks like they're trying to claw back some of that money.
In this article on DeFi Lama News, looks like the ARB token has dropped 60%.
Meaning the program itself, the funding has been cut to $86 million from $200 million.
has been cut to 86 million from 200.
Real mess there.
Real mess there.
Limo, did you have a comment?
Wasn't it the Arbitrum DAO that once footed in one direction
and the foundation just said,
screw you, we're doing it anyway?
Yeah.
It's a pretty big governance token, this app.
Pretty big.
Technically, it's a cow.
Big governance love, non-self-executing governance. Yeah. But um but yeah that's right so that's the
situation with arbitram uh we have a little uh gaming fund on polka dot the the dot play project
angie wanted to come in and give us an update on how the strategy is going this is a lot smaller
i think we dedicated 1.5 million worth of dot or what was it?
It was, it was a two and a half million dollars worth of, yeah. It's time. And, and we were, we were,
we were pointing out the fact that the same week, ironically,
Arbitrum was allocating $200 million. Right. But we were,
we were taking a completely different approach and strategy. So yeah,
I mean, I, I just, I, I, you know, I obviously don't want to dance on
anyone's grave, but I mean, when they did this, it was very clear that they were going down the
normal blockchain gaming path, the normal Web3 gaming path, which has been a disaster,
really, on any metric. So can I share my screen?
Okay, we'll get the timer going there uh funkatron i
know oh yeah i'll do i'll go really fast i'll go really fast um okay so um really fast i just want
to do because i just did this for uh this update um okay so so our strategy just just so everybody
knows i think it's a good time to update it is we're going after game developers because we
believe that if we go after game developers and we convince them to come to polka dot the players of
those great games will follow uh and they'll they'll come for eventually what we're going to
be calling the experience exchange for gaming and polka dot and um many things are happening there's
a there's a there's kind of a perfect storm right now, which is empowering independent game developers. And it's also empowering these kind of virtual community building spaces for social questing, intergame activity, events, community, all of the things that are actually native in crypto.
events, community, all of the things that are actually native in crypto. And, you know, gaming,
the gaming vertical is community is also very important, but they're not as, it's not as native,
like they don't have something like this. For example, I can't think of an example of something
as powerful as what you have, Jay, with AG. But the other thing that we're thinking about doing
is, you know, having sort of an inter-game activity measurement called .pops.
And then we will show independent developers the way through Mythical and Everlute.
You know, Mythical on the platform side and, you know, kind of these kind of two ends of the spectrum in a way.
And then I just want to show you kind of real quick. I'll do this. The challenge of Web3 Gaming and what Arbitrum and others have path that they've gone down is this idea that you can go after, again, individual players, invite them to your game, launch a token.
And then I just want to show you kind of real quick.
I'll do this.
Everybody chases that token and tries to sell it faster than anybody else and then goes to the next game. And so the numbers don't lie. These all gone to zero just to round off here just just around these numbers go to zero so the the issue
that are the interesting point is that there's there are a lot of challenges in web 2 gaming
right now costs are really high time to build has been really high we've had more layoffs in in
gaming uh the gaming vertical 90 000 the peak. And so what happens when
people get laid off from these big companies, they become independent developers. What's happening
right now is, well, let me tell you. Yeah, let me just go back to the next slide. So what's
happening right now is these independent developers have these inexpensive studio tools which have been
democratized and there are these new platforms that have grown up uh roblox fortnite and others
those are the two dominant where you can go as an independent developer take your kind of really
cheap tools and build experiences in three months not three years and for a few hundred that fifty
you know twenty five thousand a few hundred thousand not you know two hundred million or three
or fifty million whatever the number is and so it's a great perfect storm for us because the
ethos of these independent game developers is actually aligned with crypto they want a lot of
the same things and i'm going to share this on the forum so you can read it because i don't want to take too much time
but the ethos is very similar so the the the strategy is let's go how do we get them to polka
that let's go to web 2 and bring these independent developers here and provide a community for them which replaces marketing. Marketing is incredibly
challenged because of regulatory changes like GDPR and IDFA. And this is like, you know,
a billions of dollar industry, gaming, marketing. And so what can be the arbitrage to that? Creating
real community. That's what drives engagement. So anyway, that's really our strategy. And one thing I wanted to add is the reason we're going after independence also is these AAA players in gaming, either in Japan and Asia, they already have their own blockchain, which they built over the last five or so years. And then in the Europe and Asia AAA
space, they're just, we're not seeing them still, they're just not there. And they are interested
in companies like Mythical. So I do think that if they do come to Web3, it'll be through something
like Mythical. So again, it's just these independent, let me just go to this real quick,
independent game developers, I think, are the key.
And this is what ultimately it's going to look like.
I have this vision and it's like we, our team, we can see the jigsaw puzzle on the table and we can see pretty clearly some missing pieces.
And so we need to put these tech pieces in place, which, you know, and we're really excited to be meeting a lot of people in the Polkadot community to help us do that. And then we're going to be all content.
And I can just tell you real quick, just to give you an example, this was the first experience in
the Dot Play Bounty. And I don't have, I don't have a pretty picture, but it is a game that is now number three in monetization on Roblox out of 40 million games.
So I feel like we can evangelize this strategy and evangelize the ethos of Web3 and Polkadot to
Web2 game developers and at the same time make money because the .play bounty, as I'm sure you
all know, does revenue share deals, not equity deals.
We help them build and then we make money along the way for the treasury.
Okay, okay.
Hold on here.
So you at the bottom here.
Oh, oh, wait.
Can you go back?
Oh, do you want me to share my screen?
Oh, sorry.
Yeah, yeah, yeah. Yeah, yeah.
Sorry.
Let me just see here.
So you had what was worth $2.5 million worth of dot to begin with, and you've been using it to publish games,
supporting people also publishing games on big platforms like Roblox.
Yeah.
And at the bottom there, it said,
our first large game project, which is confidential now,
launched just before Christmas,
returned 70% of the capital invested.
We're now at 75.
So 75% of the capital you put in to publish the game is returning. We're now at 75. the breakdown is off the top of my head but we're putting some of the money into these tools these jigsaw puzzle uh these missing pieces because we want to be able to say to the independent developer
here here's how you here's how you build in polka dot so we need a few of those still okay having
said that what we really want to spend all of our time on is the content and this one is by far our
biggest bet um so you know we put in put in about $440,000 to be exact.
This is by far our biggest bet, like I said.
We have a little more than 300,000 back
and this is a perpetual deal.
So, and this is a big IP, you know, I'll say, you know,
well, I'll just say it, it's SpongeBob, but please,
I won't tell the, I won't say the name of the game because I would, I would, uh, kind of infringe on the problems, but anyway, or on the,
on the contracts, but the, the game is SpongeBob, it has SpongeBob in it. And we're going to be
doing a lot of interesting things like bringing brands right now. We're really excited about
bringing some soda brands because there's a conveyor belt in the game with power-ups,
all of those things we do for the game. if they generate revenues, we get a cut of those
revenues.
And then Polkadot, in terms of net revenues, Polkadot gets 80%.
Okay.
So we have a SpongeBob game that we have some sort of revenue coming.
What is the revenue, like the daily revenue or average?
Do you know anything about that that you can share?
It's around $3,000 a day right now.
$3,000 a day coming into the bounty?
Yeah.
Okay, so...
Well, no, sorry, $3,000 is top line.
Yes.
So that's gross.
And so in game terms, game publisher terms,
so think of DotPlay Bounty as a games publisher.
Right.
So not an investor, but an operating business where we actually, you know, roll up our sleeves and we help them market.
We bring them brands.
We provide 3D asset generation tools like Sordium.
We now, as of today, I'm really excited because Ilya, his screen name is Under.
He's coming on to help us build 3D avatars for the Polkadot community.
Yeah.
So all these things we do
um you know are our costs so it's really net revenues but i would say it's a profitable
business so you know it's i i don't know off the top of my head maybe it's fifteen hundred dollars
a day um so spongebob under the sea but dot play bounty not underwater for long yeah it's gonna cut yeah
I think it's it's the type of thing where we're gonna be able to pay back the Treasury within a
year all right that was a stretch I just like to see limo smile let's hear from Strindbergman
no I mean it's uh that's awesome because the crazy thing is I didn't know this game and but
but I wrote Angela yesterday and I said i was playing this game because i know
she's like into this platform that we're playing on and i wrote you know about the game you just
randomly no it was random so i said i played the spongebob game with my daughter have you heard of
it because it's like the biggest thing on the platform right now. And the platform is the biggest platform. No, no, that was random.
I thought it was, have you heard of it?
Wink, wink.
So that's crazy.
Okay.
That's, well, well done.
Have to say that's very, very good work.
It's a fun game.
I'm excited to be able to share.
We'll have a party have a play party.
Thank you very much for the update, Angie.
That's exciting stuff.
And interested to see how all these puzzle pieces come together in the end as well.
But thank you very much for doing that work.
I think our first profit producing or at least revenue producing bounty.
Thanks.
All right, guys. We're going to move on now. Thank you very much, Angie.
To the title ref of the show, I want to welcome, I believe it's Frank Porte to the show. This is
a sponsorship hybrid driver for the Porsche Super Cup. It's not a $295,000 USDT. Currently,
no support, but not a lot of votes in right now. We do have just
one DV, Saxenburg, on the nay side. But yeah, Frank, welcome to the show.
Hello, everyone.
Oh, Georgie as well. Hey, what's up, Georgie?
Hello, how are you? Maybe if I can start.
Okay.
So first I will present myself. I'm Georgorgie from iber labs also known as the
bd spine and andorra so today i'm here with with frank the driver and the key person on this
proposal so we will try to explain with more detail about this project. Before giving the floor to Frank, I want to make a brief
into this proposal explaining from where it's come
and how it's reached to OpenGov.
So since the last year at Eber Labs,
we have been working in Andorra and building relationship
with clients and promoting Polkadot and this small country.
That is where we meet Frank and know about his project. So we believe his initiative
it's a big potential and not only in terms of visibility but also in reinforce our relationship with the government and all these financial institutions that we are working actually in Andorra.
So that is why we decided to help him to present this project.
So initially this project was presented to the marketing bounty, but was rejected because it was not just
about marketing and combines visibility marketing business development and
strategy for Polkadot so the recommendation from the marketing bounty
was to submit it to open golf in order to all token holders called decide on
this yeah and in my opinion the proposal it's
bring a lot of value in in terms of visibility and also has an amazing value for money offer
but frank will go into details about the races and but i would like to point out about Benelux race it's a regional
championship with a strong presence in Europe a while the Porsche Super Cup it's
ranked alongside Formula One with over 250 million viewers globally so I think
this is a very good position for Polkadot if
this proposal was was approved and regarding the video opportunity and
beyond the visibility this proposal opened the door to a very exclusive
networking career and the porch in Formula One, hospitality are spaces where we can connect with investors,
business leaders and finally,
we also will reinforce our relationship in Andorra.
But I prefer to leave this part for the next Cosa Marian program,
where I will try to bring someone from the Andorian government
or from some financial institutions
to tell on first hand how Polkadot is growing in this country.
So now I will pass the word to Frank
to explain with more detail about this sponsorship.
Hello everyone, first of all thank you Georgi for letting me the award.
Sorry if my English might not be perfect, I'm not used to speaking English normally.
First of all, I present myself, I'm Frank Portet, I'm a racing driver, I'm 18 years old right now, I'm living in Andorra.
And let's say on the motorsport world I'm recognized as a hybrid racing driver. What does that mean?
That means that I'm racing on the highest level on the real way of racing, but also on the virtual way, which is sim racing, which I'm racing
on both categories, actually, and I'm one of the few of the world.
What's the goal of this proposal?
So mainly it's to link blockchain technology with motorsport by also bringing a lot of visibility to the brand and also all
another part that Georgie has talked about that Zin and Dora linked to the
government projects there so by linking Polkadot with elite sport
innovation and technology we want to achieve this big objective.
So let's talk about the championships in order to...
so I can talk about the visibility.
First of all, I'm racing on Portugal at Cap Benelux,
which is a really important championship racing in Middle Europe,
which is really really really good visibility
already but when we start talking about uh porch mobile one super cup that i will be also competing
on this season it's nothing to be related in terms of numbers so first of all to context a little bit
porch uh porch super cup is the most important championship for porch it's top level championship
races racing alongside with formula one and why is it interesting mainly due to racing alongside
with formula one in terms of visibility it's uh really really impressive numbers that are bringing
really impressive numbers that are bringing in terms to see the brand and brand exposure.
So as Georgie said, over 250 million global viewers per season, 222 million euro on media
value broadcast is worldwide. So that means that the live streaming of the races are more than 30 TV channels and F1 TV.
So all of the branding of the car, race suit and myself are appearing on the Formula One Grand Prix weekends.
And because of this, F1 level exposure for a fraction of level of the cost.
Normally, in order to have all of this exposure, we are talking about millions and millions of dollars of
investment and for this sponsorship we are talking for less than 200 000 dollars
dollars it's not only about exposure online we are also talking about on-site impact and brand
activation what does mean all of the people that's coming to the most
important tracks and legendary tracks of Europe, like Monaco, Monza and Spa, are a lot of high
net worth people. And there's a lot of opportunities on site for activations in the paddocks and
fan zones in order to link Polkadot to this environment.
So also our main objective is to link potential clients with Polkadot.
We all know that Formula One and racing overall, it's all about money and
politically talking things.
So we know there's a lot of high network people in the paddocks and we can do
direct interaction with passionate high network people in the paddocks and we can do direct interaction with passionate
high network audiences. Also besides my recent career I started growing my social media accounts
by growing a community over 300 000 followers on Instagram, TikTok, YouTube and everywhere
followers on Instagram, TikTok, YouTube, and everywhere.
And this means that I can also bring Polkadot to the visibility of young community people
that can be linked with blockchain and technology of target.
It's basically target people of Polkadot and for blockchain overall.
So some key points about this.
Sorry?
Yeah, we're just at time there.
It's an eight-minute slot here.
But yeah, no, I think a good opening conversation here.
Hey, when I was looking through your proposal,
I didn't really see like a breakdown of the costs.
So this is $295,000.
Can you give a quick verbal breakdown of where that money goes?
Overall, this is in order to pay for the championships because i have to pay to the team and pay for
for investment in order to to run the cars to do the trainings and everything and normally it should
be a lot more expensive than this but i'm offering for this price to have on the porch car a cup benelux
to have a fully brand car uh so let's say i i'm wrapping full uh fully the car of of polka dot
basically a pink car with all of the logos and and as main sponsor and also appearing on the formula
one super cup as also one of the main sponsors we
cannot wrap the full car because it's not my on my own the car yeah but in terms of of uh impact
we can offer all of this for for this sponsorship uh proposal all right okay well thanks for
introducing yourself and this idea to us today um i think if you come back, we'll have some time for discussion.
It is an interesting proposal because we've had a lot of sponsorship,
racing sponsorship discussions in the past.
So you'll be very welcome back, but thanks for coming today.
I think this is a chance for Polkadot in order to start on the grid of elite
technology and motorsports.
So let's try to accelerate together into a historic season and try to push as maximum as possible.
Very good. Yes. In our Space Monkeys interview with Vbrick, Paul did tell us about how high tech that industry is.
Could be a good fit, but we'll have to we'll have to see what voters think.
Thanks very much, Frank. We're going to move on now to Ref 1497.
Revised proposal from the Polkadot Blockchain Academy, PBA Campus 7,
the Jam Course Launch, University Pilot, ongoing PBAX evolution,
and a new alumni program.
We had you up on the board previously for USDC spend,
but you've come back with USDT and delivered over time.
I think, what is the delivery here?
Over four months, this money is going to leave the treasury.
Welcome.
There you are, Pauline.
Hello.
And I think Nikos is familiar with the matter as well.
But Pauline, let's give you the floor.
What's going on?
Thanks a lot, Jay.
So I wanted, first of of all to thank the community
for the support that we are receiving so far
and for the warm welcome to this revised proposal,
as well as the previous one before.
But especially this revised proposal is getting.
So first of all, thank you to the community
for their trust and alignment with the PDA.
I wanted to take still the opportunity to come today to share a little bit about where we are at and where we are going for the next eight months.
So this proposal, the ambition of this proposal is to bring us till the end of the year
so that we don't come back every three months for new with a new
ask to the community and to often go for running another way. Before though sharing about all what
we're doing, some of it is in the title of the proposal but there is a lot more, I also wanted to address some maybe miscategorisation or some misconceptions about the PVA or at
least some elements for discussion as we've got a lot of very constructive comments from
the community but I want to use this opportunity to continue the conversation. The PVA has been sometimes, I'm going to say miscategorized, as an educational event.
And I think it's really important to discuss that as we did start our journey in 2022 as a program
running for five weeks in person, taking selected students who have a very rigorous selection exam, and taking
them into an academic journey and insisting on academy versus vocational.
And this program has been so successful that we've since repeated it twice a year.
But I want to argue that the PVA has become much more than a successful event and that we're still true to Gav's vision when we
launched three years ago that we would attract the smartest people and the strongest talent
by targeting web2 developers and web2 talented developers before the jump to blockchain or when
they are just dabbling with blockchain technology and bring them to pop a lot by through education
not just through marketing and events um not just through and you need to remember this was a very
different time three years ago not just through fancy hacker houses and cool swags but through
investing on in education and this has proven to be extremely successful and for the last
three years the PBA has become the biggest producer of talent for Populot.
But still, even if we're still true to that mission, that we target Web 2
talented developers and now also Web 3 developers. And since recently as you
know we've launched in January an online education
program, PBAX, targeting non-developers, but blockchain enthusiasts, and we are hoping
with this OpenGov to expand the panel of our educational product. It's still more than
just a collection of events. The PBA is not just a collection of programs, it's not just
a collection of events. We're not just a collection of events,
we're gradually becoming a school.
We're gradually becoming a community
where students just don't come for a conference,
even if it's the best academic conference in rigorous,
they don't just come for a conference and leave.
We actually have an active alumni community.
Some of us are online today.
We have a real community that continues, that
pays forward and contributes to Polkadot, be it through joining projects as developers or by
funding their projects. And of course there is a turn, every good university, every good school
has a turn and it's actually everything, a testimonial of our academic rigor that not every student graduates.
There is a turn also some students decide afterwards that they can't find their right fit in the pocket of the ecosystem.
So they leave the ecosystem and we are working on that on this specific audience of students to try to find them the right place in the ecosystem or to support
their nascent projects with the collaboration of the web3 foundation for example through grants
and other follow-on programs so we are really targeting this part of the trend
but um they're really going gradually through those alumni focus programs, those upskilling programs, those placement support to creating a community,
a panel of programs for developers, advanced developers that are coming to the PVA campus,
developers early on in their journey with PVAX. More tracks are coming up. We started with the core devs, now we have the DAX.
Devs soon will have the JAN course building together to reflect the evolution of JAM
and in collaboration obviously with the JAM implementers teams.
So we are adding to our panel of projects
and we hope to have even more to target other audiences
and at some point to really being able to become a full school
with graduate program, undergrad, covering different verticals,
but still building on this idea that it's more
than just an event that you can't consume content and grow.
Content became a community and content is cheap.
But what is expensive is to create a very high quality program to have a loyal community
that will continue and understand not only the benefits of Webstreet, but wants to invest
and pay forward to this specific community and this
ecosystem.
And so far, we're really proud of the impact we have.
And we are thankful to the community as we are really building that together, collaborating
not only since the beginning, obviously, with the Webstreet Foundation, RIT Technologies,
but more and more with the D.D.s, with the Ambassador Collective, with, we hope, other institutions.
I don't want to be easy at the names of the programs we're building,
but with a lot more groups in the community.
So I wanted to extend a very big thank you
and obviously open for comment
and questions for our next OpenGov project
that I hope you'll continue to support,
but already wanted to extend a really big thank you because the community has shaped uh the pba to what it is and allowed us
to contribute to produce talent for popular all right a strong presentation on the value of pba
here so far 100 in favor with 56.52 million votes on the eye side looking pretty good there um
five, two million votes on the eye side. Looking pretty good there. Okay. So just,
just to a little more specifically address some of this, this constructive criticism,
what I've been hearing, and maybe we could address it directly is there's some worry.
And even on the show a few weeks ago, Funky, you, you, you, you express this a little bit.
The question is of scope and, and how big is the scope of pba
going to get in the future who bears the burden of of of the ongoing costs um you know there was
some talk of pba cost becoming less because of pba x but then more programs get added
maybe you could address that directly of course that's a great question. So our cost per
students are actually staying stable. But it's true, we're
taking on more. Unfortunately, we are collectively and I think
it's a big conversation also for Polkadot as a community, we
are close to or we are at risk of exhausting our pipeline of new
developers.
And we are a few entities in the ecosystem are talking together.
What can we do in terms of outreach?
What can we do in terms of education to bring new talents?
And so this has been the driver for us.
Of course, there is that, and we're very proud of this, so don't take it wrong.
But there is this vanity metric, some will say, or just a quality metrics also would argue that in every event of the ecosystem, we see a lot of TV alumni.
Every Decentral Sports Project had some alumni, every Decentral's Future Grant, Technical Grant of the Web3 Foundation, new founders are coming, we can put a lot of our projects and we are really proud of where they are today,
as well as obviously very grateful to our faculty that's coming from the ecosystem.
But it's becoming harder and harder to produce or to bring new talent into the ecosystem.
Not talking about training them, but attracting people into governance.
And so we are continuing to do that and we are targeting that's why we're
actually developing more intro level programs because we can't just think that every advanced
very senior developers is currently knocking at the door trying to find solutions to learn about
conference. And it's not the responsibility of the PDO to do outreach and branding for the whole community but it's our responsibility to
train so we took on this additional task of trying to bring more interest into the popular community
by also training blockchain enthusiasts by training non-developers by going also deeper into those
gateway programs that we hope will bring us the founders, the associates, the investors, and expand our
community as of all. So yes, we're taking a much bigger space. We're becoming really an education
powerhouse, but we hope that we are also contributing not only to produce technical
talent, but to grow our community all together. All right. All right. We're quite a bit past
time here now, but thank you for addressing that. It's a great platform to just take things head on and i really appreciate that pauline we're going to be bringing the coos there in uh what
we're going to come in a few weeks so we're going to be live streaming some epic panels i think
surprise guests it's going to be incredible um but yeah thanks very much for coming in and talking
about the value of the pba today. Thanks, sir. All righty.
We're going to move on to our last presentation of the day.
This is a surprise presentation.
It's the renewal of Treasury USDT and USDC acquisition.
We talked about this a little bit before, but here it is live.
88.5% in favor.
Not a lot of votes on the table yet, though.
yet though. This is for 5,000,000 DOT. And if I understand this correctly, this is all going to
This is for $5,000,000,000.
be dumped into hydration, converted to a DOT. And then that is going to be DCA'd over 12 months
by selling equal amounts of DOT into USDT and USDC. Is that correct there, Lee?
Yeah, pretty much. So there's a difference
this time compared to last time. It's just like a dot step. So a dot is basically dot that's in
the money market. It gets yield. It is safe because the amount of dot that can be borrowed
compared to the amount that can be supplied is not 100 um there will
always be room to withdraw the dot um even if it got close to capacity the apy on like the dot
borrowing would be insane and people would pay it back um this yeah like you said sells a fixed
amount of dot uh it's two and a half million dot into usdt two and a half million dot into usdc
um kind of needed we're running out of stable coins as
much as the people on the perk assembly fred tell you this is something that people actually wanted
and i don't personally benefit from this as much as they want to tell you in the comments
well i don't believe that at all but okay yeah i'm actually making it all off the top it's crazy
so the apy from supplying dot is going to be folded right into the DCA?
Yeah, as far as I know.
So this was created by the hydration team, the call for all of this.
It's all tested and works.
I think we said this on the Monday show as well.
So this adds a rolling DCA. So it would be possible for the treasury to pay some dot to a multi-sig.
That multi-sig XCM's hydration tops this account up.
This account then would keep the DCA going, which saves the root ref.
There's also some discussions with the fellowship
about if it's possible to allow the tre treasurer track to do xcm calls um so we don't
need to just root every every five minutes um yeah yeah okay good stuff and um i think uh
maybe maybe you could clear this up for me the intention was to do the opposite the fixed usdc
but this ended up fixed dot again which is the same as the current DCA we have going on. But maybe there's another DCA coming up in the future that would be opposite,
or are we just scrapping that idea of fixed dot and fixed USDC? Yeah, I think this is something
that was lost in all of the group chats and stuff, which is why we tried to make a consolidated one,
because I could tell this was all over different different group chats so yeah this is the fixed
dot when the current fixed dot one runs out which I'm sure is reasonably soon I believe
then we should just do that one as the fixed amount of stable coins probably okay nice nice
all right anybody have any questions about this I'm gonna acquire a few dozen million worth of stable coins over the
next 12 months all right sounds good all right so that ends the presentations this week but
that brings us to a big news this morning woke up and saw cohort four was announced. These are the groups, the DAOs,
some familiar, some brand new,
that will be receiving delegation from the Web3 Foundation.
Same delegation as before.
Is that right, Bill?
Same amount?
Yeah, that's correct.
Same amounts.
Okay.
All right.
And once again, Polkadot and Kusama.
Okay, nice. So we have Hungarian DAO, the Jam Implementers DAO, KUSDAO, Permanence DAO, Polka World, and Trustless Core.
Lots of chatter about this online. Where do you even want to begin here, Bill?
So I guess I'll just sort of explain the thought process, and then I'm happy to, you know, I've definitely received a lot of comments, both positive and negative.
I think most of the public comments have been negative, but I've received, you know, privately both, so of course, as soon as I get on, it's when my phone starts ringing. Apologies.
as soon as I get on is when my phone starts ringing.
Apologies.
So yeah, so first off,
really want to congratulate everyone
that's been in cohort three.
I think cohort three really was
an absolutely amazing cohort.
So one of the things that we've really changed a little bit,
like I said, is what we're trying to do
with decentralized voices.
And that's more what we originally wanted to do,
which was get more people involved in governance
and different DAOs.
And so definitely, yeah, definitely a bit of a mix up.
And I want to really state for the record,
and actually I just said this not that long ago,
I don't want anyone to think that
because they weren't selected for this cohort
that it's anything bad against them.
You know, we really saw like some amazing DAOs.
We've seen people that have done like some amazing work.
And I will say, you know, here for,
just absolutely for the record,
I am incredibly impressed with ChaosDAO.
I am incredibly impressed with chaos dal i am incredibly impressed
with saxonberg um even though you know they weren't uh selected in this cohort um so uh yeah
we did have like there's some people here and i know that there are some uh you know people had
you know something to say about the various uh the various dals that were selected. I'll say one, that we wanted to make sure that we were
continuing to support DAOs and other groups and not any individuals. So that obviously reduces
the number that we have. And no matter what we do, there is no perfect solution to this.
And I'm not trying to say that this was the perfect solution and everybody should be happy.
I know you all have feedback. I'm sure people think we could have done things differently,
but there also is, I think, no way of doing this
where everyone is going to be happy.
And so decisions had to be made.
So yeah, that's sort of the rundown,
but I'm really looking forward to seeing
what we do in cohort four.
All righty, Spencer, hey.
Hey, what's going on?
Thank you, Bill, by the way,
for being part of the decision-making process
and believing in permanence now.
I just wanted to say thank you on behalf of permanence.
And we'll try not to be too grumpy in our deliberations.
But I was just wondering, is there any plan to maybe create like more voices
and in future rounds, like where instead of a 6 million, it's
maybe like a 2 million and you have more folks spread out?
Yes, so that's a very good question. So just to give a little bit of inside baseball,
we do have a certain amount allocated
that we can use as Web3 Foundation funds and DOT for this.
So the problem is the more people we have,
actually the more complicated it gets,
and it's actually a nonlinear process. Now that we do have uh karam who i believe is in this call who is someone that can like
help focus more you know he just joined by three foundation about a month ago um now that we've
had this we can have either uh there's multiple ways that decentralized voices can go you know
looking forward um and now that we have more resources, decentralized voices was always a tiny part, a small part
of my time.
I have a lot of other responsibilities.
Now that we have someone who can focus on on-chain governance, one of the things that
we've been thinking about is increasing the number of decentralized voices.
increasing the number of decentralized voices.
Another thing that is an idea is either reducing or increasing
the size of the allocation.
That's more difficult.
Another thing is possibly removing
decentralized voices altogether.
So there's definitely, I think, a lot of room.
And this is something I want to communicate or get feedback
from the community.
I think things have changed a lot since decentralized voices
started.
And I do want to see what is the best path forward.
It's not that what we have right now is perfect.
We know that it's not not perfect and it should evolve.
And so it could evolve in some of several different ways.
And one of them is reducing or even eliminating
the amount that's given to decentralized voices delegates.
Another thing is actually giving semi-permanent positions
in the next cohort so that this would be a much smaller amount
and say that you now are permanently,
you know, Web3 Foundation has trusted you. So again, there's lots of different things that
could go forward, but I will definitely bring that up with the community before we make any
decisions on that and get feedback. You're probably right here on AAG.
Oh, I had also, no, sorry, go ahead. Okay. Let's move on to Ryan.
It's fine if Spencer had another thought or whatever i just want to give more go ahead
spencer i was just going to say real quick i thought um like mini dv is also a really cool
idea where you give like a small delegation but it sort of like prepares you for like in the
training process to kind of get used to some of the
practices or something that could be really cool the minor leagues yeah yeah or you know major
leagues but just like you know half half bench not full game you know and i don't know sports
what am i talking about i want to give a more nuanced take on some positions that i had in
my conversations with karam so So, you know, he reached
out. I'm sure he talked to all the DVs and I was probably one of those mid curvers who talked about
term limits in the conversation with him. Now, I specifically said, and this is where I like,
if there were mid term limits, I said, I think a DV should serve for roughly a year, which would be three cohorts, so that there's room for other groups to participate at this level.
I also talked about, Dispenza's point, having more DVs spread across maybe 10 groups.
I think it was good insofar as the new clarification around having groups that have less DOT, right?
Because some groups continue to amass DOT and delegations.
And I think that's probably the better approach, right?
Like look at ChaosDial, the success that it has had,
where now it basically swings like a DV vote in and of itself
without the DV delegation.
So I think that's all props to ChaosDial
and the work they've been doing in Limo in particular,
because he has spearheaded virtually all these efforts in OpenGov. So big shout out to limo um the other thing i was going to say however and
this was not part of the conversation and in the florida legislature and i'm going to use this as
a real world example i don't think even if there are term limits that you should be precluded from
coming back um in the florida legislature what happens is if you go through two terms in the House and two terms in the Senate, then you're subject to term limits.
However, if you sit out or I forget, it either might be one session of the legislature or a full year.
I don't remember the exact. You basically are allowed to run again and you can come back into office. So I think a system like that is something that's also worthy of discussion
because we may see through this experimentation
that not all DBs are going to do the good job, right?
I mean, you just look at the Dune dashboard
and the data tells you everything you need to know.
Some DBs are very good at keeping up with it.
Some are terrible.
So just something for thought.
All right, let's hear from Strind.
Yeah.
No, I think
I was surprised by some nominations
and some wasn't
very logical, right?
And I talked to Spencer
and the guys in Permanent Style. They made some
changes which I think made them
a better choice than they were before.
So I think it's nice that people can adapt.
I was going to speak from someone who's put through a lot of proposals
and worked in open governance a lot.
I mean, I've been very successful before DVs and after DVs, right?
So when people come to open governance, I mean, DVs is one part of it,
but you need to have a good proposal and you need to have a good value add for Polkadot.
If you have that in the environment, it doesn't really matter because if you can convince people that you are bringing something of value to Polkadot, you will have success.
It doesn't matter about who's got DV and so on.
That's just my take on it.
I'm in Chaos now, of course, and I love for them to have DV.
But it's one part of the ecosystem.
The other part, if you come to open governance,
have a good proposal.
That's your job, right?
So no matter what it looks like, I think, do the job.
Talk to people.
And that will be the same with these dvs or any future dvs all
right let's hear from lorena and let's uh try to be concise go ahead thank you and now related what
the previous speaker mentioned i would like to uh relate with whole new rules it's about overlapping
votes okay for me it's very important that if you are part of a DAO you
cannot vote in other DAO and we should clarify that point because if not we can have this
duplicate vote and we already saw in previous uh so for me this is is a good point that we should include in the rules to avoid any discussion or to avoid any comment, as we already saw in the forum.
as many people as possible.
I didn't want to put any specific rules
that we weren't going to try to enforce.
And I'm not going to be doing forensic analysis.
I know there's a lot of anonymous people out there.
We just don't have the capability to spend resources on that.
So, but I see your point.
Nikos.
Yeah, very fast.
I just want to say that I don't fully agree with the whole term situation
that's going on. I mean, if a DAO is doing a good job, and I mean, in some of the DAOs,
if a DAO is doing a good job, it doesn't mean that, oh, you got the terms, you have to get
out now and somebody else would try. I would suggest, and that's just my personal opinion,
that if a DAO is doing a good job, be a DV.
And if another DAO seems that they have the benefit to become a good DAO,
then add them in the DV list as long as you're anyway planning to reduce the amount that the DAOs are getting
and expand the amount of DAOs that are inside the DV program.
So that's my suggestion. I don't think that a tense policy should be because you're actually removing some good draws
of supporting the Polkadot ecosystem
and the referendums that actually are money
that we all pay from our own pockets
for something to become, you know,
to grow into the ecosystem.
Really, really quick, I know we're in a rush,
but like, I really, I don't're in a rush, but like I really I don't
see this as a someone getting kicked out, right, that they just that there's not an ongoing thing.
It's individual cohorts and we're making decisions, right? And this was, you know,
actually the original idea was that you would only be able to serve for one term.
And this actually was, you know, we had talks actually with several members from ChaosDAO
who said we should be able to do things for multiple terms.
And I think that makes sense or removed, whatever.
But it's not, you know, these are individual decisions and cohorts.
I'm just referring to it.
Yeah, sorry.
Just to clarify, let's say kick out.
I said removed for the next cohort.
That's all I wanted to clarify.
Sorry about that.
I think the word is executed.
Limo.
Hey, so before I begin, so there's lots of people in these DAOs,
and a lot of them have different opinions on how stuff's handled.
So some people are emotional, some people are not.
So that's something.
So to quickly expand on something that Funky said
about the success of Chaos now having more delegations.
So this is something that I brought up
to Web3 Foundation people.
And I think this has been clarified now,
because there's a lot of talk of you
can be graduated from the program or something.
So I've been clarified that it's not the case, which is good.
Because if it was the case that if you managed to acquire delegations,
that you then were not able to apply for DV,
then at least personally, I know exactly what I would do.
I would tell all of my delegation people to re-delegate to a new peer proxy called something else.
And then I would apply for DVv under chaos now or like another dow
or whatever right um so it would be good to like get that 100 clarified that there's no like
punishment for being successful um yeah no it was you just try and get in the system like constantly
no no no there definitely is not any sort of punishment for being successful um so i think
i know the conversation
to which you're referring to.
And I was just saying that under the 1KV rule, the old 1KV
rules and the decentralized nodes rules,
once you have achieved enough delegation or nominations
rather outside decentralized nodes, then you are graduated.
And I was just saying that we are not, there was this idea that, yes, decentralized nodes, then you are graduated. And I was just saying that we are not,
there was this idea that, yes, decentralized nodes,
or excuse me, decentralized voices
was sort of inspired by 1KV.
But they are not the same, though.
So we do want to, if you are good,
one of the reasons people do this
is so they can get more delegations.
You're not going to be punished uh for for that all right kukabi who's part of permanence down hi everyone uh so i just wanted
to thank you um say thank you to web3 foundation uh bill karam and uh everyone on the committee
um and the teams with the foundation teams uh for uh delegating us. And we'll do our best to push things forward.
And again, I'd like to thank all previous delegates,
the KUSDAO, KAUSDAO, Staxamerk, HungarianDAO, Lunexus,
Lucky Friday for their amazing job.
So it's a new cohort's turnout to push things forward and work hard to take OpenGov to the next level.
So I hope we won't disappoint.
And we are completely open to working with all DAOs, all members of all DAOs.
So I'm looking forward to it.
It's going to be a packed four months.
Thanks so much.
Looking forward to it.
Nice.
Thanks, Gukabe.
Yeah, back to Lorena.
Yes, sorry. looking forward to it nice thanks kukabe yeah back to lorana yes sorry i didn't mention that i'm part of a trustless dao and i have been selected with the
dao so and to clarify only to clarify thank you with the foundation yes i am i always participate by myself and now I'm part of Trustless DAO.
We are many people from Latin, from Latin America, and that joined to this DAO.
So we will try to do our best and participate and vote in every proposal.
and every proposal.
Great.
Great.
Spence?
Spence?
One of the things that I, like, really appreciate,
I've said this, I think, a couple times on the AAG,
but, like, I just love it when DVs have a resource
to jump on a call and get feedback directly.
I think that should just be, like, a prerequisite.
I mean, I know you can't enforce it, Bill,
but, like, it is so nice. Like Hungry
Dale, last time I hit him up about a proposal I was doing, super responsive. They got back to me.
Obviously, I found their information through their profile on POC Assembly. And I don't know,
it was just like a good experience. They gave me the time of day. Nobody's busy enough that they
can't take 15 minutes at least to like hear someone's
proposal out and, you know, have a format where that's, I mean, we do that at Permanence. I mean,
I think we invite people on, but we're also open to people hitting us up. It's just like a really
great way to get, you know, to Strind's point of it's on you to bring a good proposal together.
Some people have good ideas but they
just need like a little bit of shaping and i've found the most success in the things that we've
done with pmei um by getting feedback from people so it's you know if that's not a resource then
the proposals are gonna stagnate you know like and everybody's got to start somewhere and I think that's just a really important thing to call out you know and encourage people
to do just the same way that like Jay had created a format for the AG people
now do community calls and it feels sort of like a mini AG right like someone's
got to set the precedence at the tones at the format and then people should try
and I think adopt the things that are working so that's all i have to really say about that yeah i mean i agreed i think it's
a great idea it we can't just all only do text via polk assembly right yeah thank you spencer
okay uh just to wrap up here i want to give the uh a chance for you build to address uh there's two there's two choices in
particular that i want to give you the floor to address here um just that i've seen this morning
one is regarding uh poker world which personally i i really appreciate all the people over there
but it's been brought up that last time they were DV, they were under 40% participation. I want to give you a chance to talk about what you see is different this time and explain a little bit about why they were selected for those wondering.
Yeah, no, great.
You know, it's a great question.
So definitely they were amongst the sort of least involved.
involved. And when they applied again, so Karam actually had a discussion with them,
and some to make sure that they understood that what they were doing before, that was simply not
enough. So I also want to say, anyone that was delegated for decentralized voices can also
be undelegated from decentralized voices.
And so it should be understood for everyone
if you're not achieving, if you're not
doing what you say that you're going to do
and that you're meeting the minimum requirements
that you're not going to be able to continue.
And that obviously makes a difference, especially now,
when there actually is funding available
if you do everything that you need to do for decentralized voices.
There's the 3,500 dot.
So as to why they were chosen, so they have done quite a bit of work that I think often
is not seen or represented in the Chinese community.
They provide a really good, what's the word?
Outlet's not the right word, but a window
on what's happening in the Chinese community, which
is something that is really important and something
we're missing and something that we want to encourage.
So actually something I was talking with,
and I can't remember who, but somebody from China
who had said that voting is not really a big thing in the culture.
And so one thing that we need to do is we're trying to help bring that along.
But again, we did have talks with them to make sure they understand that they have to contribute more than they had in their first cohort.
OK, thanks a lot. The other one that's been getting some heat is.
What is it? Jam Jam implementers DAO? Some talk of them just basically spun up a DAO just to apply, and then got in. What do you think about that?
So this is true, right? I wouldn't say they spun up the DAO just to apply, but there already was
a Jam implementers group. But the rules for how things were going to,
decisions were going to be made were quite fuzzy.
That said, the people involved in the Jam implementers DAO,
it's hard to say for some reason,
are the people in the JID, let's say.
So the people in the JID, we actually,
I know Kar you know,
Karam actually, you know, had a long discussion with them about like, what procedures were
going to be in place, determining, you know, talking with other people that had joined,
that said they were going to join the DAO, about how often they would be able to vote,
you know, what sort of procedures they would be using internally to vote, that, you know,
what they said that we ended up like being like, they thought of using internally to vote um that you know what they said that we
ended up like being like they thought of essentially six to eight people from this uh you know from this this already again there already is a group it wasn't a dow but there was there is
like you know a telegram group these jam implementers together um so we were you know our concerns were
uh assuaged that like yes this is a little bit different,
right? It's not a DAO that's been around for years. We thought that having these like very
deeply technical people is also something that's sort of missing in terms of, you know, again,
one of the things we're trying to do is get more representation from different groups. And we
thought that it was worthwhile. Now that said, for all of these, there is a chance that there will be problems with these
or it's suboptimal.
This is one of the reasons we have these four-month cohorts.
So yes, if we make it, we expect there
are going to be some mistakes, people that don't work out
always.
If we only just said, all right, we're
going to do people that were DAOs that we're 100% sure of,
then we're going to have a very restricted
and non-growing governance system.
And so like, yes, we are doing things,
we're doing like due diligence to make sure
that these groups understand what they need to do
in order to stay apart, but we definitely are,
taking some risks in growing and bringing in more people
that haven't traditionally participated
as much in governance. Got you. All right, Kokabi had one more comment. risks in growing and bringing in more people that haven't traditionally participated as
much in governance.
Got you.
All right, Kokabi had one more comment.
Yeah, regarding JID, I think in their forum posts for application, they stated that they
would be willing to utilize a fork or clone of the permanent style infrastructure.
And it consists of the bits we developed for ourselves and then OpenSquare as well.
So we use a combination of those
and then we have voting policies.
So we'll provide them with full support
for deployment of software and everything.
So their technical infrastructure is covered,
although they are very strong technical
people already and they shouldn't have any problem with developing it themselves, but
they won't be starting from scratch if they want to, as reported in their application,
decide to use our infrastructure. They'll use a clone of it, basically. We'll support them.
We'll support them.
And I think it's, I think it's a,
I personally find it a very smart decision
to incorporate their decisions in OpenGov
because Jam is coming soon.
So I think their perspective is really important at this point.
No doubt about it.
All right, just to end here,
I'll speak on behalf of Kustan and say say we're also excited to be part of this cohort.
And we put the link to join our Discord in the chat there.
If you don't know, the whole point of KUSDAO is to really onboard people into the OpenGov experience
and distribute the burden of governance and OpenGov onto as many verified people as possible. All the votes and all
the discussions are totally open and you can participate even without registering with the
DAO. So that link is in the chat there. Bill, Karam, thanks for this epic lift and I'm really
looking forward to seeing how it goes between now and August. Thank you.
All right. Many apologies needed to the boys at heroic.
Sorry guys.
You know, I just go by my tabs here.
I didn't have something up for you guys.
So I just, I just missed you.
I'm really sorry, but thanks for the epic work you've done
under your current contract with open gov.
What has brought you to AAG today?
Well, first of all, just to open up for while I'm sharing the screen, I have to preface this.
The tone of what we're about to talk about is dramatically different to what you guys have just
talked about. So probably lower your brain cells a little bit. Kim, do you want to introduce us a
little bit? Yeah, thanks, Jay. And hey, from Oslo, it's your favorite esports team. We are doing the quarterly check-in as another quarter has gone by.
So just going to talk about some general updates on the process of the partnership deliverables, some campaign highlights.
We also have some exciting recent news.
And at the end, we're going to share a little bit about what's up for the next and final quarter of this sponsorship.
Cool. Yeah, I'll run us through. I don't want to waste too much of anyone's time.
Just a little bit of similar to what we did last time. Just a bit of a check-in so you guys see transparently where we're at with the partnership,
what's upcoming, ongoing and what's being completed. So from a merch perspective, we supported the event in Warsaw with Polkodot Polish guys.
We sent over some stuff.
Looks like the stall looked really cool and some Inter-Miami stuff there as well, which was nice.
In terms of what's upcoming, we'll go a little bit more into detail about that at the end.
But we've completed some business development working group stuff that's been ongoing for the last little while.
We've done a bunch of work again on the giveaway stuff and behind the scenes on some extracurricular stuff outside the partnership with some people in the community such as Distractive and Likes. We've
got some stuff which we'll talk about again. I guess the big highlight from this quarter again
was the recent marketing campaign we did around the Polkadot map which I hope most of you have
seen or potentially played. We've actually just about to distribute the prizes for that all new
wallet creation and new users of Polkadot of course and so we will talk a little bit more details on the numbers of that but
overall we're in a really good position we have still a bit to do uh but we're well on track with
where we are and i think we've done some very very stupid stuff in the last quarter as we normally do
from a numbers perspective just again to keep up the transparency, we've been doing very well.
So we've kept up our socials numbers going viral on TikTok a lot recently, if you check out our TikTok.
So far with Polkadot, to date, our impressions are about 100 million.
So that's spread across tournament impressions with you guys being on the jersey for our players in CS and Dota.
And then also social media across various campaigns.
We've now completed three
one of them being physical events online videos maps everything we've kind of accumulated all this
engagement's really high we're really happy with how that's looked and we've kind of given a nice
spread across the different media formats that you guys have been on you guys are in a game now
which is pretty cool and you're in the best game ever made which is excellent uh from a sentiment
perspective I think we've managed to keep up where we are in terms of polka dot community but also in the
esports community i mean you've seen how many proposals in the last two months you're welcome
for that we're sorry also for how much impact we keep making but uh we we've just we've had a bunch
of feedback from the esports industry generally people saying that our map was really cool actually
reaching out to us to see can we support other maps being created and additionally just the stupid content that we're doing we now have
people that know what polka dot is because of our crazy videos so i know the polka dot blockchain
academy guys on here we've given some of our videos for those guys to be used whenever they're
wanted and we'll keep up with those guys so anyone that wants to learn in the most diet educational
way possible through our videos they're welcome
to do so through the videos but all this i think daniel you probably put the link in the chat for
reporting this will be up in the publicly available reporting drive anyone can go check out these
numbers and have a look at everything today we'll keep things moving though as i said we'll talk a
little bit more about the custom map activation here's my snapshot of how things had looked so
we had 85 000 downloads for this map this is it was one of the top maps uh over a period in all of steam workshop for counter strike
so we had a bunch of people playing we added a community element where we had
hashtag aim dots it's a play on words for those that don't know aim bots is probably the most
popular workshop map and so we went for aim dots it's effectively an aim challenge where you run
through as fast as you can and click heads and try get through at the end you're presented with a nice qr code for polka dot onboarding as
well simultaneously across socials with our team we had all of our actual professional players
play on the map and record their trials and then we had a couple world record attempts for people
who can get the fastest attempt with two thousand dollars worth of dot being up for grabs and of
course we had a exciting video to announce it all with Chad, as you can see up there,
and a couple of faces I recognize here
that featured in the video.
Thanks to all the community members that stopped by
and were in the video.
I hope it turned out as you expected.
Really, really happy with this campaign.
I think it was good fun.
We made it accessible for new players.
So we've got new people playing Counter-Strike,
but also our community and our existing esports audience
wants to have a bit of fun with the actual map itself uh i'll throw over kim for some of the exciting updates on
kind of the business front yeah so last week it was announced that we were selected that's
one of 40 globally renowned teams to join the esports world cup foundation club partner program
Esports World Cup Foundation Club Partner Programme.
About a few hundred applicants where the 40 best were selected.
And the selection criteria were on the one side consistent esports performance, but as
well as having marketing and fan engagement capabilities. So this puts us in the top top elite among the likes of Face, Vitality and others,
really substantiating our position as a top esports team.
For Polkadot, this is primarily a marketing partnership.
So this will be more visibility and content during the biggest
tournament circuit of the year with uh about 40 million uh us dollars prize pool uh but we're
also looking to uh to do activation and acquisition opportunities as part of our ewc pitch so we have
some ideas on how we want to activate uh polka dots as part of this uh program as well yeah so it's exciting news we're we're the
best team in the world it's official and the foundation have officially said that uh a little
bit of a different update just some collaborative stuff so just to just put some disclaimer out
there this is outside of the scope of the partnership but i guess some of the feedback
that we've got from the community our partnership is brand awareness right we want to make polka
up the most well-known blockchain in esports.
And to many extents, we've done that.
We've obviously with all the proposals,
all the videos, everything that you've seen.
But I think a lot of feedback has been that acquisition is important.
We want to onboard these users
that we're reaching.
And so we've teamed up
with the Distractive guys.
And this has been a little project
behind the scenes.
This website is now live,
polkadot.com slash heroic.
This is now our landing page.
And I want to give a bit of information about where this is going.
This is step one.
Step two is a custom-built onboarding experience where we will push all of our audience and community members over towards polkadot directly with incentives.
We've got a bunch of merch.
We've got some special limited edition items that we haven't announced yet that we're going to be pushing on through this as well.
Effectively, this is what we're going to push to our audience now we're going to have a hub where they can learn about
polka dot and our partnership specifically see everything that we've done today you can see our
maps on there a beautiful fit picture of you kim is up there with a nice big quote and so we
basically want to push something towards people this is super exciting we're on the website so
we're pretty official now and the onboarding experience is being worked on with the distracted guys credit where it's due they've been excellent
partners to work with on this um i'll keep going just on the last minute i see funky's saying that
we've got limited time just a little bit on what's upcoming in the next quarter so again working with
some community members we've got the community tournament next month we'll be doing some
announcements for this and how we'll push it is a special way.
This would be part of our onboarding experience as well.
It's been delayed a little bit,
if you'll note from it,
it was supposed to be in March.
We wanted to effectively acquire users with this.
And so we've got a special pathway for this.
We've got some cool limited edition items coming.
So I don't want to tell you what that is yet,
but there's some stuff upcoming.
And then we have our fourth campaign
where we're going
to hopefully work with some interesting parties including the polka dot app people in the us
for an activation in the austin uh texas major which is the world cup for chemistrike it's a
very very big detail um i guess i probably shouldn't say our brand team will kill us but we
also in the next couple weeks will be announcing brand new jersey which we will have lots of things
to give away i see limo quick swapped his jersey that he was wearing so we'll have to get
you a new one when that's out i'm impressed you know that was quick uh but that's exciting stuff
anything else on upcoming that you want to talk about or anything that we've got for the next
little while i think we're going into the last quarter and we like you've been mentioning a
couple of times we have uh seen all the proposals from competing
teams and we've also received a lot of inbound uh feedback about the extension so this is something
we'll explore explore going into the next quarter but yeah any questions at the end i think we're
on time ish we try our best all right dang nice work guys thanks a lot for the update
uh do we have any questions or comments from the panel?
No, no. Look at all those jerseys out there. That's nice.
Hey, we're the Coos is in possession of some of these jerseys,
but we haven't quite found the opportunity to give these away yet.
Should we do maybe a giveaway with your audience or something like that?
Like follow the Coos or something like this. What do you guys think?
100%.
Let's follow up on Twitter.
Let's get it done.
Okay.
Let's get it done.
That's thanks to Strind.
You handed me those a few months ago.
So I've lollygagged on that.
But yeah.
Okay.
Sounds cool.
We happy?
Lima's wearing the right jersey.
So I think he's happy.
Yeah.
This looks good on you, Lee.
Cool. Thanks, guys. Thank you very much guys all right we're gonna now uh we're about to get into house of shame and um yeah we're gonna talk about that what's that lee you don't know which one it
is well i'm i gotta i don't know that 886 88686. I got someone else to talk about first if you want to check it out because it's a painful one to talk about.
But I did want to say that it's not all just hating on ourselves for being idiots in the past.
It's also about improving.
And if you haven't been paying attention to the Monday show, we have launched a request for proposal that talked about
for a long time. And here we have it, everybody. Some bounties have been doing requests for
proposals. Pretty cool. I think this is the first one in OpenGov, and we've pulled it off a $50,000
total prize for deploying ZK EVM contracts that make something like Tornado Cash on Kusama.
This is live now.
So if you go to REV 509 on Kusama and you click over here to apply for this prize,
please fill out this form.
If you click that form, you can apply now.
And yeah, I think we have four weeks basically to submit.
And if the supervisors, the curators don't pick a
team hold on some bird activity on my roof if they don't pick a team will
return the funds they will return the funds back to the Treasury so this is
pretty cool if you check it out and there's already another RFP on the way
actually there is the RFP is going to be to build an RFP launcher. So we had quite a time
putting this out there, Lemo, but somebody, or we're hoping somebody will step up and automate
that, make that whole process into a nice UI. Might already be somebody working on it,
but that's very exciting. So this is money set aside and governed by supervisors to pay out when milestones are met.
This is a totally different situation than doing something like giving out 98,000 dot upfront,
which brings us to House of Shame, Kampala productizing proposal redux.
Very painful.
The Alzmologist team have
been major contributors to the Polkadot ecosystem.
In fact, working out the
whole ledger situation
where the whole
Polkadot apps,
every parachain, every roll-up on Polkadot had
their own app. It was a huge mess.
They were able to work with
Zondax to create a unified
polka dot app. They helped a lot there. We also had a member of the team on Space Monkeys.
They did a great episode about security, former head of security at Parity. And here they came with looking for funds
to create a product out of this demo device
that was basically a really sick hardware wallet,
just fit for the purpose of Polkadot ecosystem.
I have mine somewhere here.
I might grab it if somebody else takes the mic.
But they initially submitted this proposal for, let's see what it was, 134,000 DOT.
The Dow didn't like that, only 34% in favor.
They came back with a modest 97.92,000 DOT, and that did go through.
This was worth 565,000 pounds at the time, But the time has elapsed.
We haven't heard any updates from the team.
OG Tracker hasn't been able to get in track of them.
I haven't been able to get in touch with them.
And until we hear otherwise,
this looks like lost funds.
Yeah, so that's the story there.
What do we have to say about this one?
What could have been different what what what went wrong
it's one them ones where there is some level of social capital which is quite
interesting yeah um Kirill is responsive to me at least when I've
wrote to recently so it could be something where i can try and ask him
i met another member of the alzheimer's team um at eve denver so it'd be something we need to
maybe it's they don't reply to chris papp um are you i mean who replies to you tj i mean he's jay like you know but um i i can try and reach out
to them to see what their progress is anything we could have done to avoid this situation altogether
um is this for all of the four milestones it could be yeah you know for four milestones yeah
so it could be milestone one up front and then the other ones are scheduled payments it could be yeah you know well this was for four milestones yeah so it could be milestone one up front and then the other ones are scheduled payments it could be
scheduled payments nice in some multi-sig that pays them out when they're completed
um the problem with scheduled payments is so let's say that milestone one is immediate and
milestone two is after three months well you might not know that milestone one has been completed, right?
So let's say it's two months in and we're like hey, it's milestone one being completed yet and like don't reply for example
but then it takes like
quite a long time to get
Hansel like a referendum that would cancel that scheduled payment out. Yeah. Oh, yeah
Yeah, but then you could at least definitely cancel three and four you could do a utility fast batch that would do the three and four cancel um
but yeah i'd say this is something that i'd say to perk assembly and to sub square um please add
scheduled payments into ewise it's really easy i've had to tell multiple teams how to do schedule
payments now it's obviously something people want.
You're getting paid by the treasury.
You should look at what people are doing.
And if people want scheduled payments, it's really easy.
I can help you with the extrinsics
if you want to understand how to do it.
Super easy.
You could probably even do a little convert
that's like this day
and it just generates a block on that day
as the scheduled payment day probably quite
easy probably takes like less than a week to implement pretty nice yeah that could help
all right um okay so the suggestions there were maybe a multi-sig or a bounty that paid out with
milestones maybe scheduled payments um this could have all helped here but unfortunate to see the
situation i do hope we hear from them, Limo.
Didn't realize you had contacts.
That could be good.
Yeah, Jose?
Yeah, this is a good example of, you know,
like how to lose really fast all the social capital
that you have built over your career, right?
I mean, you know, we all trust in these people
and in their reputation.
And, you know, some of that boat was like based on that, right?
So along with, you know, basically you're having the hardware wallet coming into the ecosystem, right?
Competing with Ledger.
So there was value in it, right?
It was just really sad to see this happening to the ecosystem again and again, right?
All right.
Well, that's why we're here.
I mean, just highlighting the issue is step one.
You know, step one, admit you have a problem.
Our problem is just giving up money to taking on all the risk and giving up money.
Now, look at this.
Saxonburg just posted this a couple hours ago in the forums.
Wanted bounty hunters for undelivered referenda.
Let's take a look at the text here.
Due to OpenGov's diligence, undelivered and red flag Let's take a look at the text here. Due to OpenGov's diligence,
undelivered and red-flagged referenda
still remain a low percentage of the cases.
But we'd like to open the discussion
about what we think is an alternative
for undelivered referenda,
which is inspired by the bug bounties program
offered by many entities.
This is an incentivization
to those who return lost funds to the Treasury. They're suggesting a 5 to 10% finder's fee to those who manage to return funds to the Treasury.
some risks here to the program the only possible or the only possible risk that they see is that
referenda could potentially be presented intentionally with the option to only claim
undelivered bounty funds through a third party i guess possibly i mean another grift on the table
uh but i don't know maybe seems like it could be a good idea with uh i don't know if that risk is
very very high especially with all these new tools that we've been developing. But, yeah, what do we think about that?
Yeah, let's go.
Now I'm going to look like a right ask for just saying that I might be able to help with the Campella thing and saying this is a good idea.
No, yeah, I mean, why not, right?
A lot of the funds that have gone to undelivered reps,
like the one we mentioned the week with Bruno,
who now has a polygon that you should all tag on Twitter
and tag polygon and tell polygon they stole the money
and didn't deliver anything.
You should definitely do that.
He hates that.
It's brilliant.
No, it would be good if people can facilitate that, right?
There's people with different connections that can hopefully, like,
get messages to people.
I mean, why not, right?
Yeah.
Well, that's a house of shame, everybody.
Thanks for being here and enduring it.
Hopefully, we can do better in the future, and I think we are.
It's always nice to take a look at…
There are other refs that we're going to be going to next week
where even OG Tracker counts them as being done. Yeah. at uh there are there are other refs that we're going to be going to next week yeah when even
og tracker counts them as being done yeah but this but the the way in which they were actually
completed is not great um and that could be something that we can discuss next week potentially
okay we'd love to would love to do that and if anybody else has a There's a lot of refs where it's not clear in the referendum as to which teams might benefit from things,
and then they choose teams that shouldn't benefit from such things under the Polkadot umbrella, for example.
So if somebody posts a ref and it's not explicitly clear what they're gonna do, you should probably vote me on it.
If it's just open-ended, like we might work with this team.
There's a lot of examples of that where people just post,
we might work with something, some team,
and don't say who it is, and then imply that it's people.
And then when it's not explicit,
they just go with somebody else that's a team
that I don't think people would want
to work out to spend money on um so yeah be careful if something is only implicit don't put eye on it
it's really easy super easy okay very intriguing tune in next week for house of shame and if
anybody has a shame that they'd like to share just drop it in my dms and we'll try to include it in
the show i want to try to keep track of this stuff. All right, we're going to move on to some refs on the go.
Just one to look at this week.
This is the Polkadot Cloud website development.
We had Flez on the show last week
and he has made some ground,
but not quite over the line yet.
Or 48.8% in favor with two days,
just about three days remaining in the decision period.
So this will likely go into sudden death if he does get over the line there.
And we'll have to see what happens there.
Any other refs on the go that we might want to discuss this week?
Some interesting ones coming out.
We have this substrate asset game engine from Ayuna,
from Cedric at Ayuna, just looking for 80 000 usdt for is this already completed
or is it on the way overview
okay road map no this is a okay here we are on the milestones here so milestone one is
80 completed so we're we've begun work but they're looking for funding for the rest yeah lee
um a quick one if any fellowship members are watching slash on the call and you're competent
with whitelisting calls um please dm me i believe i know how to do it, but I'm going to whitelist the
USD to USDC sufficiency ref.
It works in chopsticks,
but I don't know how to whitelist the,
oh, sorry, how to simulate
the whitelisted wrapped version of it.
So if anyone knows
anybody that can help me out, that would be super
because then we can get that done.
All right. Hey, a few others on the
go here. We have this big tipper request, 2400 USDC from Niftesti,
who's built a template for building apps in the Polkadot ecosystem.
Niftesti, one of my favorite devs in the ecosystem right now,
he works for very reasonable rates and he makes very high value stuff.
I saw ChaosDao recently stole KUSDAO's delegation dashboard.
They're posting a link around.
It's still like KUSDAO on the preview.
And then you click in and then it's like you're bamboozled.
Just promise me you weren't doing a sorry, Mitsu and Sewers for stealing open source software.
Okay.
Just promise us that.
I can't make any promises, of course.
But we'll discuss that a little further.
So here's a tip there for
niftesty uh fuel arts they were on the show last week they've gone and submitted their proposal
316 000 usdt this is that kind of artist incubator and nft launcher on polka dot in association with
bit basil and um that's pretty cool but i'm very interested to see how the votes come out there.
What is sports stake development
and EU marketing funding proposal?
This is ref 1505, fresh a couple days ago, Kukabi.
I think the BitBasil one showed up a while ago.
Yeah, they came back.
This is a new proposal.
Okay, cool. I just want to make sure. Yeah, they came back. This is a new proposal. Okay.
Okay, cool.
I just want to make sure.
Yeah, they've come back.
Different scope on this one.
Okay.
I bet they'll be back on the show.
Oh, that's a good one.
Yeah.
Sports Stake is a mobile wallet app that allows sports fans to stake dot
to stake dot while automatically supporting their favorite sports club by sharing a small portion of their staking rewards.
while automatically supporting their favorite sports club
by sharing a small portion of their staking rewards.
272.5 thousand USDC for that one.
Would be very eager to have them on the show.
Man, if only there was some massive news about Polkadot-powered apps for sports teams coming down the line,
that could be wild.
PolkaBiz business mentorship and ecosystem support. PolkaBiz is back with a proposal. Hopefully we get them down the line. That could be wild. Pokabiz business mentorship and ecosystem support.
Pokabiz is back with a proposal.
Hopefully we get them on the show.
And, oh, this is cool.
Acuras also just put one in.
This is a storage solution
on their decentralized compute network
made of mobile phones.
They want to add this.
It's called MinIO.
That's pretty cool.
43,000, 45,000 could be a good bid
and definitely a great team.
Anything else we want to talk about?
We want to wrap this puppy up.
Good to go.
Justin, confirmation here.
Oh, maybe it just finished.
Did you say this in refs gone by?
The just one yeah yeah literally
finished like five minutes before the show's done yeah there you go so there it is approved
uh funding for reactive dot this is confirming right now 89,444 usdc
and uh subscan with a pvm integration building a unified explorer for the Polkadot ecosystem, Subscan, this is confirming 100% in favor at nearly 250,000 USDT.
That's the show, everybody.
Nice to have you all here.
Oh, that was what's up later.
Yeah, yeah, yeah.
Did that seem insincere?
No, no, no. Did that seem insincere? No, no, no.
I, like, unmuted accidentally.
I, like, tabbed in, and, like, as I, like, went in, I unmuted.
I was just laughing.
It's totally meant to be sincere.
This was a great show.
Remember at the top of the show, we heard from the DotPlay team from Angie?
What else did we do here?
We got the PBAX on.
That was interesting to clear all
that up renewal of the usdt big discussion on dv we're going to be interested to see how that goes
and all the rest tune in this sunday for space monkeys this is with the twin team tokenizing
gold on polka dot hub zipping around the industry with Hyperbridge and used as collateral on Kylix.
That's a really interesting one and really nice people.
I think you'll enjoy that one.
Great story.
Would be fantastic to get this asset.
High quality tokenized gold on chain.
Could be very cool.
Other than that, we'll see you all on Monday
for AAG Kusama Edition,
where we're going to submit another RFP and have just a good old time.
Limo, you ready for that?
Yeah, Lee.
Yeah.
One thing.
So I posted some tweet the other day.
It was like a Kusama Yu-Gi-Oh card.
Oh, yeah. you had oh yeah and then in the comment i mentioned a project called a railgun which if you are a
dodgy um obfuscation person you probably know a real gun um so somebody i won't name who but
someone quite open polka dot liked the railgun one so it could be worth thinking about how we can get
railgun deployed on kusama asset hub because it is deployed on
polygon arbitrum ethereum and bsc and more um i'm sure you can read between the lines and who'd
liked my real country and why it's maybe something that we can think about maybe pay to deploy on
kusama it smells like an rfp potentially or maybe just someone reaches out to real good and figures out how much it
costs.
Maybe.
I see.
Yeah.
Yeah.
Could be good.
Before we head off,
I'm going to throw it to Yannick.
Hello.
All right.
And thank you very much,
everybody. No, much, everybody.
No, sorry, Crane.
Did you have anything you wanted to say?
We finished Marketing Bounty call a bit earlier than usually,
so I tried to jump in to be a good Polkadot citizen.
But it seems like I caught the last minute of it.
But I'm here.
What's going on with Marketing Bounty?
I'm participating.
The Marketing Bounty Twitter has been totally lit up. I don't know. Resurrected. But otherwise, what's going on with marketing bounty i mean the marketing bounty twitter has been totally lit up i don't know resurrected but otherwise what's going on you know we had some guy out of fiverr
but he's doing like a medium good job for yeah yeah yeah hope you pay medium well yeah what's uh
what's the story with marketing bounty great great group of lads yeah no it's good um getting all
together it's it's really nice no sorry it was a bit unprepared i'm basically it's good. Getting all together, it's really nice.
No, sorry.
It was a bit unprepared.
Basically, it's shaping up really nicely.
A lot of holes got filled.
We got the PR thing sorted for the next year, luckily.
We are now just approved paid media campaign,
which we can give out on a full agency, which
can handle that for multiple accounts, like Pocono Media,
Nova Wallet.
I need to talk to you, Limo.
Talisman as well.
And Hydration was the tester, which will get continued.
So we're just trying to basically give it all away
to full agencies who prove themselves worthy.
Yeah.
The KITO thing is a bit of a headache for us still,
but we are working working tirelessly on that
to improve the whole thing.
But yeah, no, it's good.
It's coming together.
I hope you're happy.
If you're not happy, my DMs are open.
Please DM me because I really need feedback of you guys.
You just brought on a new curator as well, yeah?
That's right.
We onboarded Nettie, who is, it's like a month now now but she fills in for a jeeper who left
after his mission his establishment og watch mission uh was basically done
yeah no and yeah we are going by the way we're going soon our last payment is coming in i think
tomorrow and then the scheduler is over without getting canceled.
And we're going to go for a new round of proposal
sometime end of April, just to mentally prepare all you guys.
But you will get a nice proposal with all the lists,
what we did, what was there, with reports,
when reports are available, et cetera.
So you can see a full picture of all the activities the marketing bounty did in the last six months, which was actually quite a lot.
All right.
Somebody on Twitter in the chat calling us nerds.
I want to thank you very much for that.
Jose, you've been looking good all call, but you haven't said much.
What's going on?
Well, too many voices, man.
My voice is not that loud.
Anyways, Yannick, this is for you, for the marketing bounty.
You know, and it's just something that I've been thinking for a while now.
It's like, how can we get involved?
Because, you know, your guys are basically choosing all these PR agents and stuff.
And is there a unified voice that is talking to all of them together so we can have a
unified pr strategy around it how is that working is that it's like who is handling that and how
much expertise is in the team marketing team your team to do that sorry sorry multiple how you get
to get involved like from a proposal side you can obviously submit a proposal from our landing page no for more like oversight into it because uh it's uh it's like
who is sending the pace for the messaging going out to the pr agencies
basically there are two parts they are the uh the real stop breaking story once with this
we have um both are by the way, handled by Distractive,
because they put in the most comprehensive proposal.
And they got that DF grant from Web3 Foundation.
So the manpower is paid by the Web3 Foundation.
But we are paying basically everything
besides the behind stats.
So the Melrose, in the case of North America, which
is a quite reputable PR agency.
And yes, so if it's a breaking story,
you need to pitch in three to two weeks beforehand.
You need to go to Johnson from Destructive,
and he will take care of you, or not.
But he will be your point of contact.
And we just actually last week, we just
funded Bitwire, which is basically what Chainwire did, but
from Melrose as well.
So basically more like they're pumping out.
It's for more low-key stuff.
They just straight up pump out the news to Cointelegraph, Coindesk, and well, all this
minor stuff.
We funded 50 pieces of that, and we need to use it in i think 10 months end of years i think because i
trying to to extend a bit because um i don't want what what's happened with shamewire they got i
think 600 000 and they blasted it all out in like four or three and a half months which was like a
bit wasteful so basically but to answer your question if you want to get something up through
there it's still jon, your contact of point.
But this will be run by us just as an oversight.
So we don't get like minuscule news, which
costs like $10,000 a pop, which is not obviously
good spend of money.
So yeah. JONATHAN ZITTRAINIUSSENBAUMENOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENCYONOVICIENC If you have any other questions, just DM me, yeah? Yeah, I'm just glad to hear that my boy Yannick
is filling a lot of holes, as he said.
That was pretty nice to hear.
But if you're working with Crane, Yannick,
and the other people at the market,
like Uber and Evan and stuff, it's been pretty good.
I'm pretty impressed.
They're helping us through a lot of processes at NerveV.
There should be some interesting stuff coming out pretty impressed. They're helping us through a lot of processes at NerveB. There should be some interesting stuff coming out pretty soon.
For example, we all know debit cards are coming pretty soon.
There's going to be some cool stuff there coming.
And other stuff that I think big Yannick will complain at me
if I say on AEG right now.
So we'll leave it at that.
Definitely before signing.
Yeah.
Very good.
Thanks for the update, Crane.
And we'll, you know, happy to see you back anytime
to hear more about that.
Look out for your proposal.
You're not happy?
Limo's not happy.
The guy's hard to please.
Hey, look, I just want to make sure everybody does
as much as they can this week remember it's all about action your ideas you know are great but
let's get to work uh we have a lot of ground to make up here to inject more truth into the world
and i think we could do it together with constant action uh y'all have a good weekend and we'll see
you on Monday.
Thanks, everybody. I'm going to go back to the next video. Thank you. so so Outro Music Thank you. Thank you. Thank you. Thank you. Oh Outro Music
