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AAG #218 - Porsche 🚘
Recorded: March 27, 2025 Duration: 2:04:52Space Recording
Short Summary
In a dynamic discussion, the Polkadot community celebrated significant treasury growth, strategic partnerships, and the approval of key grants, while also addressing challenges faced by projects in securing funding. The introduction of new DAOs and the emphasis on efficient fund management highlight the ecosystem's commitment to innovation and governance.
Full Transcription
so so Thank you. so Thank you. so Thank you. Thank you. me Thank you. Thank you. so so I'm going to go ahead and get started. so so Thank you. so so Thank you. Oh I'm going to go. Good morning and good afternoon everybody 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 uh 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 dollars 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 uh 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 a three X to go. And, uh,
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. 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 four,
those of you who are selected.
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 on my shoulders as the point person leading our DV delegation.
A lot of times spent fielding comments on so forth.
I mean, I know it's still going till 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 so 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
gm so we have seven refs gone by this week the first one which is just confirmed is by
raul on the medium spanner 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 perk assembly ref 1463 this was also approved and this is for 531 000
usdt for perk 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 ref1488 timed out i think they got made immediately when posting uh and it was for
416 000 for laurishin's unchained podcast uh then i've put big grift get fucked it's interesting
um then we've got one by victor ref1462 this was approved and this is 657 000 usdc
for the polka dot 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 ref 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
uh 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 spinner track ref 1449 this was rejected and it was 69 000 usdp for namaste
polka dot education and community for polka india and finally we have pyor ref 1438 this was rejected
and it was for 78 000 usdc for poker pulse defy dashboard for polkaot parachains and that is all the refs gone by this week
well you have piqued my interest there limo something about you were saying
this polka dot API maybe they need to claim their stable coin payout here what
what are you talking about what's what's the issue, so before we had stable coins 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 asset hub when you're requesting assets um when your reference 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 nova warrior i've claimed it for some stuff that
shkin bergman's been doing um but it requires somebody to be paying attention to claim it
um so at chaos now we were reviewing uh reviewing pending spends at the weekend to see,
because there's all this problem with the treasury not having enough stable coins and stuff.
So we were trying to see who hasn't claimed yet and is pending.
There is one spend that has expired that people probably will not be happy with.
And it's the Talisman mobile wallet proposal actually expired and 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 poker 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 or dt that usdt 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 um they're just like staying but you can claim it right yeah um
but yeah they didn't claim it um we noticed it like on saturday or something um and i believe the team know about it now okay um
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 um but hopefully we can get them through
and the polka dot api one you mentioned there nikos you 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?
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.
Cause you know,
the papi 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 DAO 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 uh but anyway that was an interesting look into the
sui ecosystem and with an event 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 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 Llama news, looks like the ARB
token has dropped 60%, meaning the program itself,
the funding has been cut to 86 million from 200.
Real mess there.
Limo, did you have a comment?
Wasn't it the Arbitrum DAO that once voted 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. with doing it anyway. Yeah. It's pretty big governance token is that pretty big.
Technically it's a cow.
Big governance, love non-self executing governance.
Yeah. But yeah, that's right. So that's the situation with Arbitrum.
We have a little gaming fund on Polkadot, the .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 $2.5 million worth of, yeah.
And we were pointing out the fact that the same week, ironically, Arbitrum was allocating $200 million.
pointed out the fact that the same week, ironically, Arbitrum was allocating $200 million.
Right.
But we were taking a completely different approach and strategy.
So, yeah, I mean, I just, 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?
Yeah, you can. Okay.
We'll get the timer going there, Funkatron. I know.
Oh, yeah, yeah. I'll go really fast. I'll go really fast. Okay. So really fast. I just want
to do, because I just did this for this update.
OK, 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 Polkadot, the players of those great games will follow.
And they'll they'll come for eventually what we're going to be calling the Experience Exchange for Gaming and Polkadot.
And many things are happening. There's kind of a perfect storm right now, which is empowering independent game developers. virtual community building spaces for social questing, intergame activity, 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 um the the other thing that
we're thinking about doing is um you know having sort of an inter-game activity measurement called
dot pops uh and then we will show independent developers the way through mythical and everlute
um you know mythical on the platform side uh and you know kind of these 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 um again individual players invite
them to your game uh launch a token 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 things have all gone to zero.
Just to round off here, just to round these numbers go to zero.
So the issue or the interesting point is that there are a lot of challenges in Web2 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 since 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 uh well let me tell you
happening right now is uh well let me tell you yeah let me just go back to the next slide um
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, you know, 25,000, a few hundred thousand, not, you know, 200 million
or three or 50 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 strategy is let's go. How do we get them to Polkadot? Let's go to Web2 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, that's really our strategy. And one thing I wanted to add is,
is the reason we're going after independence also is these AAA players and 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.
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 um i feel like we can evangelize this this
strategy and evangelize the ethos of web 3 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 um so you had what was worth 2.5 million dollars worth of dot to begin with
and you've been uh 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 uh launched just before
christmas returned 70 of the capital invested so we're now at 75 75 so so 75 of the capital you
put in to publish the game is returning so does dot play have like recurring revenue or what does
that look like exactly absolutely so um we have put a lot of the money or not a lot i i don't know
what 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 about four
well four hundred forty thousand dollars to be exact this is by far our biggest bet like i said
um we have a little more than three hundred thousand back and this is a perpetual deal so and this is a big ip um you know i'll say uh 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 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.
Well, no, sorry, $3,000 is top line.
Yes.
So that's gross.
And so in game terms, game publisher terms,
so think of Dot Play Bounty as a games publisher.
Right.
So not an investor, but an operating business
where we actually roll up our sleeves
and we help them market it.
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.
So all these things we do, you know, are costs.
So it's really net revenues.
But I would say it's a profitable business.
So, you know, it's I don't know off the top of my head.
Maybe it's $1 don't know off the top of my head maybe it's 1500 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 strinbergman
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 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.
That's crazy.
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 good work.
It's a fun game.
I'm excited to be able to share.
We'll 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
not uh 295 000 usdt uh currently no support but not a lot of votes in right now we do have
just one dv saxonberg on the nay side um but yeah frank welcome to the show hello
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 Georgie from Iberlabs, also known as the BD Spine and Andorra.
So today I'm here with Frank, the driver and the KE 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 E at ever 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 knowing about his project and so we believe his initiative is 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 OpenGoth 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.
But I would like to point out about Benelux race.
It's a regional championship with a strong presence in Europe,
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 polka dot if this proposal was was approved
and regarding the video opportunity and beyond the visibility uh this proposal opened the door to a very exclusive networking area.
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
Kosomarian program, where I try to bring someone
from the Andorian government or from some
of the financial institutions to tell on first hand
how Polkadot is growing in this country. this country and so now i will pass the word to
frank uh to explain with uh with more detail about a this uh sponsorship so hello everyone first of
all thank you georgie for for letting me the awards uh sorry if my english might not be perfect i'm not used to speaking
english normally so well first of all uh 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 wall i'm recognized
as a hybrid racing driver what does that mean that means that i'm
racing on the highest level on the on the on the real way on the real way of racing but also on
on the virtual way uh which is sim racing which i'm racing on both categories uh actually and i'm
one of the views of the world what's the 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 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 cup benelux which is a really important
uh a really important championship racing in in in middle europe uh which are 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 uh in terms to to see the brand and and
brand exposure so as 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 it's not only about
thousand 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 the 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 audiences.
Also besides my racing career, I started growing my social media accounts by growing a community over 300,000 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 of target it's basically target people of polkadot and and
and for uh and for blockchain overall so some key points about this uh sorry yeah we're just uh we're
just at time there uh it's an eight minute slot here but um yeah no i think a a good opening
conversation here hey when i was looking through your proposal i didn't really see like a breakdown of the uh of the costs so this is 295 000 uh can you give a quick verbal breakdown
of where that money goes yeah 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 raca 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 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 on my own, the car.
But in terms of impact, we can offer all of this for this sponsorship proposal.
All right.
Okay.
Well, thanks for introducing yourself and this idea to us today.
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.
Thank you. And I think this is a chance for Polkadot in order to start on the grid of elite,
elite technology and motorsports. So let's try to accelerate together into a historic season and
try to push as maximum as possible. course launch, university pilot, ongoing PBAX evolution, and a new alumni program. We had you
in, or we had you up on the board previously for USDC spend, but you've come back with USDT and
delivered over time. I think the, 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, Jake. So I wanted first 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 as well as the previous one before but especially this
this revised proposal is getting so first of all thank you to the community for their trust
and alignment with the PBA. 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 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 with a new ask to the community and to often go for running another wave. Before though
sharing about all what we're doing, some of it is in the title of the proposal, but there's a lot more.
I also wanted to address some maybe miscategorization 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 yearly.
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 through education,
not just through marketing and events,
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 in education. And this has proven to be extremely successful, and for the
last three years, the PD has become the biggest producer of talent for Populot. But still, even
if we're still true to that mission, that we target Web2 talented developers and now also Web3 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 open goal 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 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 continue,
that pays forwards and contributes to Polkadot.
Be it through joining projects as developers
or by funding their projects.
And of course there there is churn.
Every good university, every good school has churn.
And it's actually everything, a testimonial of our academic rigor, that not every student graduates.
There is churn also.
Some students decide afterwards that they can't find their right fit in the Pocket of 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 ch trend. But we're really going
gradually through those alumni-focused 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.
Then soon we'll have the JAM 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 be 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 WebSafe Foundation, RIT Technologies, but more and more with the
D.B.s, with the Ambassador Collective, with other institutions, I don't want to release
the end 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 the PBA to what it is
and allowed us to contribute to produce talent for Pocoduct.
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.
Okay, so just to a little more specifically address some of 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 expressed this a little bit.
The question is of scope, and how big is the scope of PBA going to get in the future?
Who bears the burden of the ongoing costs?
You know, there was some talk of PBA costs becoming less because of PBAX, 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, 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 metrics some would say or just a quality metrics also would argue that in every event of
the ecosystem we see a lot of PBA alumni. Every Decentral Sports Project had some alumni, every Decentral Sports Project,
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 government 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
popular models and it's not the responsibility of the pva alone to do outreach and branding
for the old community but it's our responsibility to train so we took on um 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 a whole. So yes, we're taking a much bigger space. We're
becoming a reunification powerhouse, but we hope that we are also contributing not only to produce
technical talent, but to grow our community altogether.
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, 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 live streaming some epic panels, I think. Surprise guests. It's going to be incredible.
But yeah, thanks very much for coming in and talking about the value of the PBA today.
Thanks, Zach.
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. This is for 5,000,000 DOT. And
if I understand this correctly, this is all going to be dumped into hydration, converted to a DOT.
to ADOT 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 ADOT step.
So ADOT 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%.
There will always be room to withdraw the DOT.
Even if it got close to capacity, the APY on the DOT borrowing would be insane
and people would pay it back.
This, like you said, sells a fixed amount of dot.
It's 2.5 million dot into USDT, 2.5 million dot into USDC.
Kind of needed. We're running out of stablecoins.
As much as the people on the PokeAssembly thread 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 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
uh 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 multisig.
That multisig XCM's hydration tops this account up.
This account then would keep the DCA going which saves the route ref there's also some discussion discussions with the fellowship about if it's possible to
allow like the treasurer track to do xcm calls um so we don't 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 um yeah i think this is something that was lost in
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 group chats.
So yeah, this is the FixDot.
When the current FixDot 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,
Here's 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.
So we have 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 – 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 privately both the...
So of course, as soon as I get on,
it's when my phone starts ringing, apologies.
So yeah, so first off,
really wanna 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 I 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 some amazing work.
And I will say here, just absolutely for the record,
I am incredibly impressed with ChaosDAO.
I am incredibly impressed with Saxonburg,
even though they weren't selected in this cohort.
So we did have, there's some people here,
and I know that there are some people had something to say about the various DAOs 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, you know, 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 the
the rundown but i'm really looking forward to seeing uh what we do in cohort for all righty
spencer hey hey what's going on um thank you bill by the way for you know being part of the the
decision making process and believing in permanence though i just want to say thank you on behalf of permanence um i and we'll try not to be too grumpy um in our in our deliberations um but i was just wondering
is there any plan to uh maybe uh create like more voices in in in rounds, like where instead of a 6 million,
it's maybe like a 2 million and you have more folks spread out?
Yes. That's a very good question.
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 sort of a nonlinear process.
Now that we do have Karam, who I believe is in this call,
who is someone that can help focus more.
He just joined Web3 Foundation about a month ago.
Now that we've had this, we can have either.
There's multiple ways that decentralized voices
can go looking forward.
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. Another thing
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 want to see like what is the best path
best path forward you know it's not that what we have right now is perfect we know that's not it's
not perfect and it should evolve um and so it could evolve in some of several different ways
and you know one of them is reducing or even eliminating the amount that's given to decentralized
voices delegate another thing is actually say you know giving semi-permanent
uh positions uh in in the next cohort so that you know this would be a much smaller amount and say
that all right you now are permanently you know web3 foundation has trusted you um so again there's
lots of different things that could go uh forward but i will definitely bring that up with the
community before we make any uh decisions on that and get and get feedback you're probably right here on
AAG oh I had also those are going okay let's move on to Ryan it's fine if
Spencer had another thought or whatever I just want to use more go ahead Spencer
I was just gonna say real quick I 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 bench not full game you know and uh'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.
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 midterm 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, you know, spread across maybe 10 groups.
point, having more DVs, you know, 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 Chaos Down, 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. 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.
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,
you know, we may see through this experimentation that not all DBs are going to do the good job.
Right. Like, I mean, you just look at the dune dashboard and the data tells you everything you
need to know some dvs are very good at keeping up with it some are terrible so just something
food for thought all right let's let's hear from strange yeah no i i think um i was surprised by
some nominations and some like it wasn't um 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 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 the EV 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 like do the job talk to people that's 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
now related what the previous speaker mentioned i would would like to relate with both new rules. It's about overlapping votes. Okay. For me, it's very important that if you are part of a DAO vote we already saw in previous debate.
So for me, this 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.
Yeah, I just want to say real quick,
I didn't, you know, while we're trying to spread this out
to 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 like 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 dow is doing a good job be a dv and if another dow seems that they have the
benefit to become a good doubt and add them in the dv list as long as you're anyway planning to
reduce the amount that the dows 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 terms policy should be because you're actually
removing some good DAOs 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
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 so, yeah, removed whatever,
but it's not, you know,
these are individual decisions and cohorts.
I'm just referring to to clarify yeah sorry just to clarify let's take it out i said we moved for
the next cohort that's all i wanted to clarify sorry but i think the word is executed limo
hey uh so before i uh 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 DAO 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 like 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 DV under
Chaos DAO or like another DAO
or whatever, right?
So it would be good to
get that 100% clarified that
there's no punishment for being
successful.
If it was, you just try and get in the system constantly.
No, no, no.
There definitely is not any sort of punishment
for being successful.
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 and the decentralized nodes rules, once you have achieved enough nomination outside
decentralized nodes, then you are graduated.
And I was just saying that there was this idea that, yes,
decentralized nodes and decentralized voices
was 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 for that.
ALAN SEALES- All right, Kukabi, who's
part of Permanence DAO.
KUKABI KUKABI, Hi, everyone.
So I just wanted to thank you, say thank you
to Web3 Foundation, Bill, Karam, and everyone on the committee and the teams, Web3 Foundation teams, for 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,, Saxameric, Hungarian DAO, 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 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. I didn't mention that I'm part of a trust list. I have been selected with the DAO. So to clarify, I need to clarify, thank you for the foundation.
Yes, I am.
I always participate and 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.
Great.
Spence?
One of the things that I really appreciate,
I've said this I think a couple of times on the AAG,
but 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 hungary doubt last time kind of i hit him up about a proposal i was doing super responsive
they got back to me obviously i found their information through their you know profile on
on poke 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 by getting feedback from people.
So it's, you know, if that's not a resource, then the proposals are going to 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 AAG, people now do community calls, and it
feels sort of like a mini AAG, right?
Like, someone's got to set the precedent, set the tone, set 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 agree.
I think it's a great idea.
We can't just all only do text via Polk Assembly, right?
Yeah.
Thank you, Spencer. all only do text via poke 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 Poker World,
which personally 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.
Yeah, it's a great question.
So definitely they were amongst the sort of least involved.
And when they applied again, so Karam actually, you know,
had a discussion with them and some, you know,
to make sure that like they understood that, you know,
what they were doing before, like that was simply not enough.
So I also want to say like, you know, 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.
Okay, thanks a lot. And the other one that's been getting some heat is,
ooh, what is it? Jam implementers DAO? Some talk of them just, you know, 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 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, or the
people in the JID, let's say. So the people in the JID, we actually, you know,
I know Karam actually 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 ended up like being like they thought of essentially
six to eight people from this, you know, from this already, you know, again,
there already is a group, it wasn't a DAO, but there was, there is like, you
know, a Telegram group, these Jam implementers together.
So we were, you know, our concerns were assuaged that, like, yes, this is a little bit different, right?
It's not a DAO that's been around for years.
But 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 VALs 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 due diligence to make sure that these groups understand what they need to do in order to stay part.
But we definitely are taking some risks and growing and bringing in more people
that haven't traditionally participated as much in governance.
Gotcha.
All right.
Koukabi 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 so we'll provide uh them with
full support for uh deployment of software and everything so uh their technical infrastructure
is covered uh although they are very strong technical people already and they shouldn't
be have any problem with developing themselves but uh they won't be starting from scratch if
they want to as reported in their application uh decide to use our infrastructure
they'll use a clone of it basically we'll support them and i think it's it's i think it's the uh
i personally find it a very smart decision to um incorporate their decisions in open gov because
jam is um 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 KUSDAO
and 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, I just missed you. I'm really sorry, but, um, 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. Uh, Kim, do you want your brain cells a little bit uh kim do you
want to introduce us a little bit yeah thanks jay and hey from uslo it's your favorite esports team
um we are doing the quarterly check-in as some other 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 been completed.
So from a merch perspective,
we supported the event in Warsaw with Polkadot 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 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 Interactive and Likes.
We've got some stuff which we'll talk about again.
I guess the big highlight from this quarter was the recent marketing campaign we did around the polka dot map which i hope most
of you have seen or potentially played uh we've actually just about to distribute the prizes for
that all new wallet creation and new users of polka dot 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 uh we've been doing very well so we've kept up our socials numbers uh going viral
on tick tock a lot recently if you check out our tick tock so far with polka dot today's 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 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 of 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.'ll keep things moving though as i said we'll talk a little bit more about the custom map
activation here's a nice 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 counterstrike
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 to 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 $2,000 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 wanted to have a bit of fun with the actual map itself.
I'll throw over to Kim for some of the exciting updates
on the business front.
Yeah, so last week it was announced
that we were selected as one of 40 globally renowned teams to join the
eSports World Cup Foundation Club Partner Programme. About a few hundred applicants,
the 40 best were selected and the selection criteria were on the one side the consistent esports performance but as well as having um
marketing and fun engagement capabilities so this puts us in the top top elite among the
likes of face vitality and others uh really substantiating our position as a top esports team
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 about 40 million US dollars prize pool.
But we're also looking to do activation
and acquisition opportunities as part of our EWC pitch so
we have some ideas on how we want to activate polka dots as part of this
program as well yeah so it's exciting news we're the best team in the world
it's official and the foundation have officially said that a little bit of a
different update just some collaborative stuff so just to just put them this
thing right 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 wanna make Pokedot 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 guys and this has been a little project behind the scenes this
website is now live polkadot.com 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 distractive 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 part of our onboarding experience as well it's been delayed a little bit
if you'll note from it was supposed to be in march we wanted to effectively acquire usually 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 Pocadon app people in the US
for an activation in the Austin, Texas Major,
which is the World Cup for Counter-Strike.
It's a very, very big detail.
I guess I probably shouldn't say our brand team will kill us,
but we also, in the next couple of weeks,
will be announcing a 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, Limo.
That was quick.
But that's exciting stuff.
Anything else 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 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. Do we have any
questions or comments from the panel?
No? No? Look at all
those jerseys out there. That's nice.
Hey,
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.
Sorry, I have a lollygag on that.
But yeah, okay okay sounds cool we happy
limo'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 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 got a time.
I don't know about it.
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.
Talked about for a long time.
And here we have it, everybody.
Some bounties have been doing requests for proposals pretty cool.
Proposal is pretty cool.
I think this is the first one in OpenGov.
and we've pulled it off a $50,000 total prize
for deploying ZKEVM 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,
we'll 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, Limo,
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 rollup on
Polkadot had their own app. It was a huge mess. They were able to work with Zondax to create a
unified Polkadot 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 polka dot 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 a hundred thirty
four thousand dot the Dow didn't like that only thirty four percent in favor
they came back with a modest ninety.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 went wrong?
It's one of them ones where there is some level of social capital, which is quite interesting. Lots, yeah.
Kirill is responsive, to me at least, when I've wrote to him recently.
No way.
So it could be something where I can try and ask him.
I met another member of the Alzheimer's team at East Denver.
So it'll be something we need to... Maybe it's...
They don't reply to Chris Papp.
Or me.
I mean, who replies to you, Jay?
I mean, he's Jay.
But I can try and reach out to them to see what their progress is.
Anything we could have done to avoid this situation altogether.
Is this for all of the four milestones?
It could be...
Yeah, 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 complete it.
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 is being completed, right?
So let's say it's two months in,
and we're like, hey, is milestone one being completed yet?
And they're like, don't reply, for example.
Well, then it takes quite a long time to get a reference
that would cancel that scheduled payment out.
Oh, yeah, yeah.
But then you could at least definitely cancel three and four.
You could do a fast batch that would do the three and four cancel.
But yeah, I'd say this is something that I'd say to Perk Assembly
and to SubSquare.
Please add scheduled payments into EUIs.
It's really easy.
I've had to tell multiple teams how to do scheduled 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 learn how to do it.
Super easy. You could probably 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.
Okay, so the suggestions there were maybe a multi-sig or a bounty that paid out with milestones, maybe scheduled payments. 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.
It's a good example of how to lose really fast all the social capital that you have built over your career.
I mean, we all trust in these people and in their reputation.
And some of that vote was based on that.
So along with basically having the hardware wallet coming into the ecosystem, competing with Ledger.
So there was value in it.
It's just really sad to see this happening to the ecosystem again and
again. Right. So.
All right. Well, that's why we're here. I mean, just highlighting the issue is,
uh, is step one, uh, you know, step one, admit you have a problem.
Our problem is just giving up money, uh, to, uh, taking on all the risk and
giving up money. Now look at this, uhonburg 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 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.
Yeah, they do lay out 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.
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 campbell thing and saying this is
a good idea um no yeah i mean why not right um a lot of the funds that have gone to undelivered
racks like the one we mentioned the week with bruno he now has 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 i hates that it's brilliant um no it would be 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 um yeah well that's a house of shame everybody
thanks for uh 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 uh there are there
are other reps 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 if anybody else has a
lot of 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 poker 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 put any money on um so yeah be careful if something is only implicit
don't buy 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 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. 58.8% 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.
Is this already completed, or is it on the way?
Overview.
Okay. 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,
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 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? software okay just promises that i can't make any promises of course but um 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 BitBasal one showed up a while ago.
Yeah, they came back.
This is a new proposal.
Okay, cool.
I just wanted to make sure.
Yeah, they've come back.
Different scope on this one.
I bet they'll be back on the show.
Cool.
That's a good one. Yeah.
SportsStake is a mobile wallet app that allows sports fans to stake dot
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 polka dot powered apps
for sports teams coming down the line that could be wild polka biz business mentorship and ecosystem
support polka biz is back with a proposal hopefully we get them on the show and um oh this is cool
acurast 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 min io
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
else we want to talk about we want to wrap this puppy up good to go just in confirmation here uh
oh maybe it just finished did you say this in refs gone by they're just one yeah yeah literally
finished like five minutes for the show's died yeah there you go so there it is approved uh 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 polka dot ecosystem subscan this is confirming
100 in favor at nearly 250 000 usdt that's the show. Nice to have you all here.
Oh, that was... What's up, Lee?
Nice to be here.
Yeah, yeah, yeah.
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.
That was totally meant to be sincere.
This was a great show.
Remember at the top of the show, we from the dot play uh the dot play team from angie what did we what else did we do here uh we got the pba x 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 uh all the rest tune inune in this Sunday for Space Monkeys. This is with the twin team,
tokenizing gold on Polkadot 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. you'll enjoy that one great story would be fantastic to get this asset high quality uh
tokenized gold on chain could be very cool um other than that we'll see you all on monday for
aag kusama edition where we're going to submit another rfp and have uh just a good old time
limo you ready for that yeah lee yeah uh one thing so i posted some tweet the other day it was like a kusama yugioh card
oh yeah and then in the comment i mentioned a project called a rail gun which if you are a
dodgy um obfuscation person you probably know real gun um so somebody i won't name who but
someone quite happy been pokedot 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 on who liked Railgun 3
and why it's maybe something that we can
think about maybe pay attention to deploy on 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 oh 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, sorry, Crane, did you have anything you wanted to say?
No, 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 mean, the Marketing Bounty Twitter has been totally lit up.
I don't know.
Resurrected.
But otherwise, what's going on?
I don't know.
We had some guy out of Fiverr, but he's doing like a medium good job for us.
Yeah, yeah, yeah.
Hope you pay medium well.
What's the story with Marketing Bounty?
Great, great group of lads. 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 shaping up really nicely like a lot of
holes got filled uh we we try got the pr thing is sorted for the next year luckily yeah we are now
just approved uh media campaign,
which we can give out on a full agency,
which can handle that for multiple accounts,
like Pocodom 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 K2 thing is a bit of a headache for us still,
but we are working actually 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, my DMs are open. Please DM me because I really need feedback of you guys. You just brought on a curator as well, yeah?
That's right.
We onboarded Nettie, who is just like a month now.
But she fills in for a jeeper who left after his mission,
his establishment OG watch mission was basically done.
Yeah, no.
And yeah, we are going, by by the way we're going soon our last payment
is coming in i think tomorrow and then the scheduler is over without getting cancelled
and we're gonna go for a new new round of proposal sometime end of april just to mentally prepare all
you guys but you will get like 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 if like a full picture,
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.
And it's just something that I've been thinking for a while now.
It's like, how can we get involved?
Because your guys are basically choosing all these PR agents and stuff. been thinking for a while now it's like uh how can we get involved because uh you know with your
guys are basically choosing all these pr engines 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
ones 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 who is sending the pace for the messaging going out to the pr agencies i'm sorry sorry
agencies basically there are two parts they are the 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 uh proposal and they got that df grant from webc foundation so the manpower is
paid by the webc foundation but we are paying basically everything besides Foundation, so the manpower is paid by the Web3 Foundation. But we are paying basically everything behind that.
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 the 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.
I tried to extend a bit because I don't
want what's happened with Chainwire.
They got, I think, $600,000.
And they blasted it all out in like four or three and a half
months, which was a bit wasteful.
But to answer your question, if you
want to get something up to there,
it's still, Jonathan, your contact 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 ZITTRAINIUSSENBAUMENOVICIENCIA. If you have any other questions,000 a pop, which is not obviously good spend of money.
So, yeah.
Cool. Thank you, man.
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, you know, 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 soon.
For example, we are on a debit cards are coming pretty soon.
There's going to be some cool stuff there coming. And other stuff that I think
Yannick will complain at me if I say on AAG 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 more about that. I'm not happy.
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 are great, but let's get to work.
We have a lot of ground to make up here to inject more truth into the world.
And I think we can do it together with constant action.
Y'all have a good weekend and we'll see you on Monday.
Thanks, everybody. so so I'm going to go. Thank you. so Thank you. Thank you. We'll be right back. Thank you. Music Thank you. so Outro Music
