Hello, just testing. Can you guys hear me?
Yeah, we can hear you. Hi, Jan.
Hey, good day. I'm not sure where you guys are in the world. You know, it's better to say good day than good morning. Yeah, we're in Asia. Where are you based on? Right now I'm in Portugal. I'm getting ready for
some of the events that are happening here. Okay, interesting. We'll start in another two minutes. Okay, no worries, sounds good. All right.
Okay, hi everyone. Welcome to yet another one of Beatru's AMA. Today we have Mr. Gian Kim from Boba Network. Hi Gian, am I pronouncing your name correctly? Yeah, actually you're one of a few who can say it correctly, so...
Is that an English name or is it a Korean name? It's actually an Italian name so it would be Jean, Italian and the US, you say Jean. Alright cool.
Jian here is the community manager at Boba Network and as you guys know Boba Network is one of the most prominent layer 2s that BeTrue is interested in this year. So, Jian, would you mind introducing yourself first? Yeah, of course.
Hi everyone, thank you for being on the space. Appreciate you guys. So basically I am the community manager or head of community, whatever you want to call it for a Baba Network. And also I am more of the social media manager for Baba as well. Pleasure to be here. Thank you.
Alright, yeah. Thanks for the introduction. So maybe for starters, we could start with what BoBa Network is. Could you provide us with a quick introduction about what BoBa Network is and the team behind BoBa?
Of course, so boba network is a layer 2. If you guys don't know about it, please feel free to put a reaction out and answer what that means. So it's a layer 2 scaling solution and a hybrid compute platform offering
master transactions cheaper and also smarter smart contracts as well. Bova's hybrid compute brings the power of Web 2 into Web 3 smart contracts by leveraging off-chain compute and real-world
data. So developers and creators can create unique next generation dApps, basically. You know, I can go a little bit more into the specifics, but that's only if you guys, the listeners want to hear more as well.
Yeah, all right, that's a good introduction. So how is BobaNet Recreated and maybe can you share more about the history behind BobaNetware?
Yeah, of course. So I think I can just start with the name first because everyone keeps laughing whenever they hear Boba. Boba in many languages means many different things, right? So in Spanish it means one and then in English it means another and then you know
But Boba right now the way it started was the founder and CEO of NLabs, which are the main contributors to Boba They were you know Alan basically Alan chew he was hanging out with his friends at a boba T shop and you know they were drinking boba with his friends and you know he saw that
everybody had a smile when drinking boba. I really don't think anyone doesn't have a smile while drinking boba. So he took this and he was like, you know, this is something that I want the users and community to feel just happiness whenever they're interacting with us, right? So that's how they
name started first. However, for the layer 2 itself, he was really interested in more of the permissionless nature and fundamental nature of smart contracts on the blockchain. So this is basically what blockchain is about, right? Underneath it all
all the financials and decentralization, all that. And also for real world applications for a permissionless nature, basically. I think those were the main big ideas that he had before creating a BoBon network.
Interesting name, Boba. We all love Boba.
I think one question that comes to mind when talking about layer 2 projects these days is that what makes boba network different from the other layer 2 projects out there and from what I saw, boba network implement and optimistic roll up, am I right? Yeah, exactly. So boba network is
It is an optimistic roll-up in nature. With optimistic roll-ups, I guess for the listeners here if you guys don't know yet, there's optimistic roll-ups where I'll give you an analogy which is you're basically guilty until
proven, I mean, you're not guilty until proven guilty, right? So that means whenever you are bridging your funds into optimistic rollups, you get your funds right away compared to, you know, waiting a seven-day period. However, when you withdraw that you have a seven-day challenge period, right? So that's the difference between OR
Let's say ZKs, right? But one of the things that sets apart Bober Network from the different projects or different layer 2s is that we implemented Hybrid Compute, which I mentioned before, and I guess I'll just go a little bit deeper into it. Hybrid Compute, you can think about it as a channel.
between Web2 API or Web2Data, I'll just use easier words, Web2Data and put them into Web3. So one of the things is that if you look around the world, the Web2 and I mean Web2 as in the internet or these companies
that are interacting in Web2, they already have the infrastructure set up. However, it seems like it for a lot of crypto companies, they kind of bypass that infrastructure and want to start from the beginning, so reinvent the wheel. However, we
We think that why do that when we can actually leverage the power of Web2 infrastructure and empower Web3? We're already using the tools and the data and the analytics and everything that Web2 offers and being able to put all of that into Web3 and make it even
better, right? So kind of innovating upon it. So that's basically what hypercomputer does. It's just you're able to bring anything, any data point from web 2 into web 3. And basically you're also able to engage with the cloud or any of these decentralized or networks basically.
So, you can do complex algorithms, machine learning, AI, and you have all of that done in AWS, and then bring back the data that you actually need, and you want it immutable into Web3 Smart Contracts.
Okay, so essentially it's bringing the APIs and all the data from the Web2 infrastructures into Web3, but will it still be decentralized in that case? Yes, so there's like one of the things that comes down is
It's decentralizing everything, right? Right now, that's one of the biggest topics going around. I mean, that's blockchain in itself. So we are working towards decentralizing basically AWS, right? I believe that all the optimistic rollups are doing that as well.
You know, there needs to go a lot more research first just to ensure security and ensure that the right data is coming through as well. But one of the things that they want to mention is you can think of it as a funnel but also as a tool for how we can
which is the ability to do all these complex transactions off-chain and then bring it back on-chain, right? So I think it's just you can think about it as a bridge or a pipe between the two. It wouldn't be exactly an oracle. I know a lot of people's minds go into oracles.
But it's more of a pipe between the two. All right, I see. I think that's a really great explanation from your side. So when we are talking about these new infrastructure projects, we want to see like real concrete data, right? And so we want to
know what are the major milestones that Boba Network has achieved in terms of maybe TPS or how many projects have built on the Boba Network? If that makes sense. And what are the plans for the future? Yeah.
for sure. So I would say for TPS wise, you can expect it to be even faster than what Ethereum can do easily. If you ever use Spoban Outwork or any layer 2s, you can see that throughput is actually
increased by many fold and as well as you know the transactions fees I believe the number right now is around 60s x cheaper than ethereum right around there you know average wise but I think some of the major models
as well for a boba network that nobody else is doing and what really sets us apart is the multi-chain campaign or strategy that we have going on, which is scaling layer ones that need that extra throughput and also a lot of them offer cheap transactions but
However, with us, we are able to provide the hyper compute that we're just spoke about. And also, we are able to kind of make the transactions cheaper as well. So, I mean, even if you're paying like 10 cents, it will be even cheaper for us for the users to use us. If we happen
to scale their favorite layer. Right? So right now we have scaled Moonbeam, which is called BobaBeam. It's already live and we have one main app right now that's testing and having their users come on for guarded launch, which is Firefly a DEX.
And then we also just scaled avalanche as well. And so it was more of an official partnership with avalanche. So right now we are concentrating as well more on the gaming sector as well. So if you just see for announcements, sorry.
You're going to see a lot of gaming companies come through and integrate with us. So you'll be able to experience a lot of fun and interesting games as well. And then some of the milestones that will be down the road
for this quarter would be a couple of other things regarding infrastructure, but the main one would be the multi-chained strategy. We also have another one coming up, but keep your eyes open for that one for the announcements this quarter.
Oh, wow. So you're saying that boba network does not only scale that if network but also scales affluence and other other networks as well. Exactly. Yeah. So we plan on scaling pretty much any EVM compatible one that would require services. And then, you know, we'll
We'll start exploring into the non-IVM chains as well. Oh, like Cosmos and Solana, do you have plans on that? If you could tell us today. Well, you know, I can't really say much. But most definitely, I
I would say keep an eye out for the EVM compatible ones right now. Yeah, like I mentioned, I will definitely drop some announcements this quarter regarding the next partnership we have in line. All right, we'll pay attention for sure. So yeah, so I
I guess you explain the technology pretty well. So let's talk about the token itself, the boba token. So what are the utilities and benefits for users that are holding the boba tokens? Yeah, of course. So one of the main utilities for boba, and I guess I'll just say this just
So everyone has an idea. Boba Network is a DAO basically. So all the things that are going to happen, all the big changes will be put up for a proposal in the DAO. But a utility for Boba, the main one would be you get governance power. So you're able to
on whatever goes into the proposals and then as well as being a native gas token for the multiple scaling solutions, right? So as I said before, the avalanche and moonbeam, you're able to pay your transactions in boba tokens as well as boba ethereum as well.
Those are the main two, however, there was a proposal or just put in the doubt about maybe integrating VA tokenomics as well. We made a couple announcements on it. There's some things I need to be worked out.
tokenomics that I'm not sure you guys know about VE but it's a very interesting way to approach tokenomics but you know that that that was put up in the proposal as well and then you know what once it happens for the voting you know we'll find out then
Alright, so since you mentioned the DAO, has anything passed in the DAO? Like the any proposals? Yes, so I would just give you the most recent one that happened in the DAO, which would be using Bob as a feed type
right. Previously when we were just on Ethereum, boba scaling Ethereum, you can only use Ethereum as a gas free token for boba. However, after the Dow vote passed, people
people can now use Boba. And the thing is now I believe anything that gets paid in Boba tokens is at a 25% discount. So it will be 25% cheaper than using Ethereum. So I mean, I guess that gives it a little bit more utility as well.
Awesome. So the boba token is both a utility and a and a governance token for the boba doll. All right. All right. So what is boba's I think you might have answered this question. But I'm just going to ask again just to
make sure you know what is the boba what is boba networks near-term vision? Do you have the near-term plans for the boba network? Yeah of course I might have just given that answer away already. Yeah. So I will say just high-level
The short term version for boba is to scale layer ones, multiple EVM compatible layer ones, and then also improvements to our hybrid compute model. So just making it more efficient, making it easier to use. We also have a couple things
with regards to the engineering roadmap as well, which it was the V-Tokenomics as well. We have a couple bigger things happening in 2023, right? So this is more of the near term vision.
And maybe you can talk more about the fee tokenomics. I think a lot of our listeners must be interested in that.
Yeah, so what was put up in the proposal? Which was the V took an on me so I mean I'm not sure how to explain it on the simplest level however it would be a mechanism where You would be able to provide your votes for
any protocol that you know would create a pool and then the emissions would go to them right I mean I think that's the simplest way that I can put it however you know it is a bigger construct overall right there's more smaller things to it
than that, but I would say more high level that that's what it's about. I think you did a good job explaining the V tokens. So thank you for that. I think for, so the next question is, what is the, because since
we ask about your near-term plans, what are the plans for the longer term? The future vision for the boban network team in general? Yeah, of course. So for the longer term, right, we have a couple of things happening, more in the infrastructure, side of things.
So basically just making sure that the experience is easier and smoother for users. As well as, you know, being able to do account abstraction, we have like escape patches. I'm not sure if anyone is a lot, you know, their technical in.
in the space right here, the ones that are listening in. We're also researching into an Optimistic Rollup/ZK hybrid, so that's going to be more on the long-term future, as well as keep on moving with the
multi-chain scaling. Every year or I would say every quarter it seems like right now there's many L ones that are coming up. So it's going to keep on going as long as they'll need us basically.
a lot actually that have shown interest and we are in discussions with. So just keep your eyes open, especially for the multi-chain scaling campaign. But yeah, I mean, I would say there's a lot more for the infrastructure side of things.
Awesome, so I can see that you guys have been doing a lot of work. So you guys have the multi-chainscale and even plans for doing CK and optimistic grow up hybrid mechanism in the future. That's really interesting to know. The next question is more on the conversion
So, we had a partnership with
Evo versus, which is more on the Boba Avax scaling solution. We had Firefly, which has a really great UI or UX for users, which is on BobaBeam, and then AsushiSwap coming in for all the instances of BobaNetwork, right? So if you think
about avax and then boba beam and bobae. Sushi will be one of our main big partners, main big dexas basically. And then we have a couple more coming. I guess I can just say one maybe. You know, there's going to be a
proposal happening for Unidex to bring on to all the instances of Boba or just Boba Eath for sure for first and then you know develop that relationship to open up the avenues for all the instances and I think that that's probably like the biggest one
that are public right now. Obviously we have some that we are going to be announcing relatively soon, but like I said, I mean I might sound like a broken record, but you can definitely just follow us on Twitter and you'll get all the announcements through there.
as fast as possible as well as any discord or Instagram or Reddit. Any of the social media platforms will be able to make the announcements from there. Wow, amazing. That's a really impressive list. There's a sushi swap and a uni-dacks, amazing.
So do you have any upcoming news or development that you wanted to share with us other than other than the ones you mentioned? Yeah, of course. So I think one of the more interesting ones that are going to happen is
More on the website redesign, so we're going to have a complete website redesign done for above a network. I think this, you know, we're thinking about it holistically, right? So if we want to be onboarding the next a million users or billion or however many that, you know,
want to actually embrace crypto technology, right? Photography and everything that blockchain is, is you need to have a good interface, right? So whenever people want to come into our website, we need to make it as easier and as smooth and as pretty as we can for them.
So I think that that's been one of the biggest things that one of my teammates for the marketing team has been working on is definitely the website redesign as well as you know I've mentioned this previously which is the enhancements on the infrastructure side.
And then yeah, I can't really say the next partnership, but you know if you actually look around on the Twitter space or even GitHub, our GitHub will give you a lot of information that hasn't been made public through announcements yet.
You can find it through there. I'm not sure if anyone is technically savvy, but feel free to check it out. I would say GitHub with regards to any integrations or any scaling solutions you will be able to find it there.
So, since you mentioned GitHub for the tech people, then what about the non-tech people? Where can they follow the boba networks updates? Yeah, of course. So if you just go to boba network on Twitter, you will be able to find us there on Discord as well.
So we have all the links prepared already on the Twitter since this is a Twitter space I think it would just be easier for everybody. If you just go to our Twitter page, you'll be able to see a link 3.to. If you click that, you'll be able to see all the links for any of the social media platforms as well.
and you can follow it there. All right, awesome. Yeah, and also to follow up with what you mentioned about the interface, I think that's really important because we will know that WebTree has succeeded when we feel when normal users, we can effort user
we can feel like we are actually using like a centralizer for like a web2, it's web3, it's onchain. If it creates to that point then only we can say that this whole blockchain thing is successful, I guess. Yep, so I guess that's
it for today. Yeah, there's no more questions left. Do you have anything else that we would like to share with us? Sean? No, I think that's pretty much it, but I do agree with you with making the experience easier for the non-credits, basically, right? So I think it
My mind, this is my own person or opinion, is that for us to really be mainstream, we need to make it so that blockchain, it feels like you're not really interacting with blockchain. Right? Like you said, it's more of the web to interface.
that people like and know. So I think just by kind of achieving to a certain extent, you know, that smoothness experience, I think that would be the best way to achieve that. Right now, you know, users won't know how to create a wallet or bridge or paper transactions. You know, there's a
certain level of safety that they just don't understand. And a lot of it comes out to education as well. So I think as long as we try to educate as much as we can to the non-crypto-native people, then I think we're making it right step. We're taking it right step, basically.
But yeah, I mean if your community has any questions, you know, I think you guys feel free to leave a comment and then I'll be able to read them and then you know give you guys some answers as well. I do see some would you like me to go through them? Yeah, sure
Please feel free to pick anyone. Do you want to try Mr. Crypto Lord? Mr. Crypto Lord? Okay. The jimba jimba too? Yeah.
I'm sorry, Arfan can help with the unmuting him. Hold on, I'm not the host here, so yeah, I need my colleague to help me unmute. - Hello, Jimba, you're able to speak now.
Yeah, we do everyone. Thanks for giving me the opportunity to speak to projects and my question is, you know, we all believe that community is very, very important when it comes to
any projects. Isn't it? But we also believe that security social and extremely important for them. So is your project currently audited or not? And how can you convince us that your security system is even offered investors and as well as the community against some attacks? Thank you very much.
Yeah, great question, man. So definitely we are audited. We got audited when we just started by QuantStamp and then we just got audited maybe a month ago as well from Zokio. So we're definitely audited and you know you can make sure that the code is up to standard
you know, enough to safety standards basically for the users. And with regards to community, I completely agree with you, right? I believe that community is everything, especially for a project. You know, if you don't have a community, then you don't have any users. If you don't have any users, then what's the point, right?
So most definitely I think I do encourage the community to be more vocal especially my community or Boba networks community I would say to be more vocal and I give them like a chance to speak up and have any questions so if you guys want actually
this upcoming Monday, I am going to have a Boba Hall, which is more community-based and everyone can talk, right? It's not kind of a this structure per se for Twitter spaces, which is a great way to do AMAs with other partners, but it's more open microphone per se, quote unquote.
open microphone. But yeah, feel free to join if you guys would like to and you know if you want to learn more feel free to stop by. So to be kind of a community discussion, right? Yes, exactly. Everyone can just make their own sense.
Thank you for your questions. I appreciate it. All right. Thank you, Mr. Crypto, Lord. I think we still have time for one more question. Jen, would you like to pick anyone?
Yeah, I'm guessing it's still ones that are raising their hand or waving their hand that want to. Yeah, you can pick any there's like a lot. There's yeah. Yeah, I mean the top
one that I see is Zewa. I'm not sure if I'm saying it right but Zewa Orient. All right. Hi, Arfan, can you help unmute Mr. Zewa Orient?
Hi Ziva, you're able to speak now. Yeah, we can listen. Yeah, yeah, yeah. First of all, I want to say this project is a kind of massive and very interesting project because this is one of the kind of
Please answer, please answer, you know, to give me an hydration. About it once more. Outside, you know, 25% less, you know, gas feed, you have to, you know, feed for other platforms. Please kind of like answer, you know, answer, you know, like the
security prospects of this project because there was time I had a lot of my ones introducing to you like this, I did not know I was unable to get something you know tangible out of it. But I wanted you to give me you know it is basic simple explanation that the prospects the core
I'm not sure if I got your question correctly but you wanted to know the prospect of boba network and
It was something about the security network. The prospect and security network is basically the two things I want to know about it. Yeah, so like I said, right, for the security side of things, we're definitely making sure that we are being audited.
I'm not sure if this is going to be on a quarterly or by quarterly basis. However, we are going to make sure that everything, sorry for the Florence guys, if you can hear that. But we're going to make sure that everything is secure regarding the
code itself. However, one of the things that optimistic roll-ups kind of thrive in is there's seven days, right, at the end, there's seven day challenge period, right? So let's say if anything happened in the chain and Bubba Network that was foul-played
But the network has seven days to challenge that. As soon as we find the hack or whatever it may be, in those seven days, basically the hack never happened. That's one of the beauties of it when it comes down to layer 2s.
I sincerely appreciate your efforts. I wish you the very best and I'm hoping to be part of this network too. Thank you so much. Yeah, I appreciate your question, man. It's a pretty good question, right?
So it's always good to explore the vulnerabilities of projects out there in crypto, especially through all the hacks that have been happening and all the bug abuses. So it's a great question.
Thank you, Mr. Zua. Interesting question. All right, so I think that is the end of the AMA session today. It was a really, I think I personally think it's one of the best AMA I've ever had. Mr. Gian, thank you for the
Explanation, it was really detailed and I now have a clear vision of Boba Network and now I know like this is the reason why we bit through we like to work with projects like Boba really good team really great technology great purpose and yeah it was a really
I'm going to definitely check out all of Boba's documents under this. Yeah, it was definitely. You know, I appreciate you guys having me on, especially your community as well for tuning in. You know, Bittrue has a great community here. Great questions as well. So, you know, it seems like
you guys have smart investors, right? So no, I do appreciate you guys for popping on and giving me the opportunity to interact with you as well as Arvon, who's working in the background and then you Whitney for being a great host.
Today's AMA went really well. Thanks to you, Jen. All right. So I guess we can end it for today. Yeah, sounds good. I appreciate you guys. Thank you for tuning in. All right. Bye everyone. Oh, wait. Hold on. One more thing. I almost forgot.
Yes, so at BITRO we just launched the PowerPiggy program for Boba Network. So if you guys are interested, if you guys believe in it, technology of Boba, please make sure to check it out. Yeah, you know, I'll plug you guys in a little bit as well, you know.
I think it's great thing what you guys are doing and you know there's no lock up here either from what I've read. So you know take advantage of that I think you know if it's not something for you or if it's something for you you have no lock up here which is the best thing for me. So try it out.
Thank you Jan, I almost forgot about that. Thank you only for inviting me. Okay, great session. Have a good day everyone and have a good night or good day wherever you are. Alright, see you guys.