Hello, hello, can you hear me? I'm eligible.
Oh, okay, okay, alright, thank you.
Um, can we start now? Are you ready?
By the way, hello, how are you?
It's nice to host you today.
For sure, yeah, thanks for having us.
Alright, my pleasure. Okay, let's start the AMA proper.
Before that, please, I would like everyone to retwist this space, invite your friends, and make sure you join to the end of the AMA.
And, um, okay, if you have any question, you can likewise post on that this week. Alright, thank you.
Hello everyone, you're welcome to another session of, um, AMA week's AMPU protocol.
Um, today we'll be all seeing AMPU protocol, and we really want to know more about them. Um, this is not their first time of coming to this AME, but we would like to know more about the projects.
Um, meanwhile, I would like everyone to stay to the end of the AME and know more about them. Alright, um, can, okay, yeah, is that Mr. Join, or Johnny?
It's Kenny from, but I'm under the AMPL account.
I'm here with the AMPL account, so I'm, it's, it's, but I'm, yeah, it's Kenny. John's the founder.
Okay, alright, thank you. Um, Mr. Kenny, I'm very sure, and I know that, that you've been here before. Um, let me say, so community members, though, don't know you.
Can you please introduce yourself today and, um, tell us about, just tell us about yourself and your journey in cryptocurrency.
Uh, for sure. So just quick little bit. Um, yeah, I got into crypto in like 2019, just started, uh, learning all about NFTs. Before that, I ran a production company. I worked for like National Geographic, Discovery Channel, stuff like that.
Um, and I just got super stoked about the possibilities of tokenization of intellectual property and how it could fix, you know, how we could like basically make a smart contract architecture.
Um, that could fix a lot of the infrastructure issues around the media and entertainment space, creator economy, et cetera.
So yeah, fast forward to now, like basically, um, we're building, that's why we're focused on AMPL. So basically what we're, we're trying to first, like build a lot of the kind of protocols and ways that you do business, um, from an infrastructure level, like distribute and everything else like that.
Um, and I think that's the real thing that we're focused on first is the distribution infrastructure across chains, across marketplaces and between streaming platforms.
Because then once you do that, then you can build a creator tools and allow everybody to launch and really get that maximum exposure and maximum monetization, which is what most professionals and individual creators want in the media and entertainment space and the creator economy.
So, um, but yeah, I've been with near for about almost two years now, um, kind of been in the ecosystem, NDC, we got a near foundation grant. We just went through the horizon accelerator.
So yeah, we're like, we've been in near for a while. Um, and yeah, we just work with, you know, all different kinds of projects. We've got an enterprise launch, but I'm happy to keep going, but I'll stop there.
And I think I gave you enough for, for the moment.
Well, that's, that's a fantastic one. That's a fantastic one. Before I actually dive into Apple stream. Well, I would like to ask a question being the founder of a project. What's, what is the most challenging parts in this journey?
Every single one there is, it's all challenging. Um, the, the, the, the problem that, you know, like, so I actually have a background, like I've always been an entrepreneur, like I had a successful business and like, you know, ran shows and projects for like, yeah, again, like Nat Geo and ended all that kind of stuff.
Like I had real estate. And, um, you know, the, the thing about those kinds of businesses and standard businesses is that they're relatively pattern based. And that's, you know, like you have, you're concerned with revenue and you're concerned, but the laws are there, the legal structures are there taxes, you know, it's like you have a very clear understanding of how everything works.
So when you do business, it's, it's, it's a little, it's a lot more predictable. Everything in web three is dynamic. Um, a lot of web three doesn't make sense legally yet. Um, and that has everything to do with tokenization, securities laws, um, what you can offer, what geography actually supports, what, what you have to geogate, what you have to not geogate.
Um, you know, and then there's the actual, the token ecosystems and the, the valuation of, of those ecosystems and why are people want to use your tokens? And so your, your business models and your structures are insanely dynamic and everything's constantly changing.
So it's the biggest challenge is how do you actually create a sustainable ecosystem and business model when all the variables to create that business model are gray or constantly changing. So that's probably the biggest challenge in the web three space.
Yeah, that's a good question.
Yeah, that's, that's actually true. Okay. Now you've talked about the challenging paths. Now what's part gives you go ahead because in every successful journey deal with this discouragement that will not allow you to go further.
Like what's encourage you to go further and this project being a successful project today.
Um, well, some of the teams on the call. So I first would say a lot of the team is what kind of keeps me going because I definitely have those days where it feels super heavy and it's like, why am I doing this? You know, like, why am I trying to fix all these problems? Do people even care about the problems that we're fixing?
You know, and then we have, you know, again, like what else that helps me is when I do talk to creators and they're like, yeah, no, this is like totally what we want.
Obviously, they just don't want to build it because it's so hard. And I think that, you know, like, we have so many people that keep kind of like coming in and jumping in and being like, all right, I like this.
I like like what you're doing and then want to help. And I think that's kind of been like the thing that kind of keeps me going is seeing sort of the back end of enthusiasm, even when it doesn't have to be there. You know what I mean?
So I think that's been that's been probably the biggest thing because like, yeah, I understand the problems personally. I mean, this is like the whole industry that I know for, you know, 15 plus years at a very professional level.
So for me, it's it's a very clear thing. I can see kind of the I don't want to say I can see the future. That's a little bit crazy, but I can see how things are evolving.
And I've been in evolutions before like I was around when, you know, Netflix came online and all these different things. So I can see the patterns and the cycles of change and at a technical level.
From from the media entertainment standpoint, and I totally see what's kind of like happening right now. But I think just in general, when, you know, outsiders and then now we just had a big enterprise club client come in are kind of like, yeah, we actually see it too.
And we want to like work on this and then the team like really just puts in the work. I mean, we just got through a really hard barrier. So right then, like everybody was there and like totally didn't have to be, you know, so I think that's the kind of stuff that kind of keeps me going.
Oh, that's fantastic. I mean, I've been a great thing is actually the best thing you could you can actually have in creating or developing a project. That's that's that's good. I'm talking about that thing. Can you tell us about the experiences and what has been your journey with them?
Can you can you repeat that? I think like I got a little bit glitchy on part of that question.
Oh, sorry. I was asking about that same experience. Can you tell us about them and the experience that same. Do you understand the question? No.
Oh, let me see every team. Did you say team?
Yes, yes. The team of the project. It seemed a mix of projects.
The projects on the project. Oh, you want to know about like their experience.
Yes, yes, yes. Okay, cool, cool, cool. Yeah, yeah. So yeah, I mean, like, so we have the nice thing about the team that we have is most of us have been in crypto for a little while.
Raj, he's on the call. What's up, Raj? Raj has been in crypto for a while. He knows how it goes. All of us kind of understand the space like we understand how, you know, tokens work, we understand the different chains, we understand the different protocols that we can kind of work through, we understand the real problems and kind of understand the pacing of it all.
So, and then everything like even, you know, Marty, our social manager, like, obviously, he's been in a while, like all of our BD team. We got Yeah, we just have we just have a lot of people that kind of like understand the space and then know how to how to build also everybody's pretty familiar with near over the last two years, we've kind of all met at different hackathons and kind of like, have just we and we've known each other even when we weren't working together. So yeah, we just have a lot of people that kind of like understand the space and
so before we were kind of working together as a team, we kind of knew each other. So that was cool. And then, but yeah, most of us just even Josh, our legal, our lawyer, he, you know, we ended up, he ended up jumping on the project after we were already working together. So we just have a like, a lot of these like organic, natural relationships that have come up from the team. But yeah, everybody's basically been in the space for a while. And then the people that haven't been in the space for a while that are kind of helping on the back end.
With like admin and stuff like that. They're just, you know, good humans that have been on the project for a little over a year. So yeah, I think we just have like a lot of good energy and like positive people. So, but yeah, in terms of experience, I mean, everybody's everybody's crushing. So we would put more time in but that's why we're, that's why we're going through, you know, our raise and things like that.
Yeah, yeah, that's, that's actually a group. I'm trying to work with time, like we have her and I don't want to exceed it. Okay, that's actually a great one. And yes, that's a lot to ample itself going through your bio.
I really want to like that talking about the act as ownership certificates. And also, I think you you talk about category of creators and financiers. So can you explain these like, I really understand that part. How do we actually earn this NFC and how does it act as ownership certificates?
I think you'll build the first project that will bring this all.
Well, I think, I mean, I mean, ideally, what everybody really wants is they want to go on, or what I think a lot of people want is they want to go on to like an NFT launchpad or project launchpad and know that they can buy an NFT and then NFT gives them like royalties,
and not smart contract royalties, like streaming royalties for their favorite artists, streaming royalties for their favorite show, ownership of their favorite show or the intellectual property. So when we say that, I mean, you can actually do that, but you have to limit access and engagement to those different types of offerings based on legal jurisdictions
of where you launch from and who you engage with, like what country. It's very similar to how with a lot of DeFi platforms or even central exchanges, certain people in the states, like they can't even use a platform as an example, right? So a lot of it has to do with like legal, a lot of what what happens is like and what will be offered is based on what's legally compliant or not.
But in terms of what you're specifically talking about, the NFT as a certificate of ownership could actually be that, right? But the NFT itself is really just like a file type, right? So just think of like, you can assign that file type any kind of ownership and a claim to royalties.
You can assign it, you know, full IP ownership, you can assign it, token gated access to this, that and the other. So it's all about like, what the specific offering is. But yeah, like in terms of actual the NFT as ownership, I think can be applied to a couple different things.
AI provenance is going to be a big one, in my opinion, having like basically a deed of ownership that like you created this thing, because as AI creator tools evolve, as IP laws evolve based on AI creator tools, I think you're going to need some sort of provenance authentication.
And I think that's where, you know, NFTs perfectly come into that. And then anyone that engages those NFTs and the associated content, will then also have to pay royalties or rights. And then the holders could then claim it based on owning that NFT.
So when we say ownership certificate, it's an evolving and a dynamic kind of thought process on how that NFT can be best utilized based on what a brand or creator wants to actually offer a mass group of people.
And then those groups of people have to follow the laws that and guidelines from where they're logging in from. And the brands and creators have to follow the laws and guidelines of where they're launching from.
I know that's a lot and very complicated. So I'm happy to answer anything like at a more granular level, or if you want specific clarity on anything else.
Yeah, that's clear for now. That's clear for now. And thanks for that. About the content creators, we have content creators that doesn't know much about blockchain.
Like, is there a platform or an opportunity for them to develop their knowledge or to know more about blockchain? Is there any platform in Apple protocol for that?
Well, so we we spent a lot of time last year interviewing a lot of creators. I mean, we're talking like professional filmmakers, production companies, record labels, musicians, producers, like even kind of like creators who are starting to get into like AI and like start talking about like metaverse creations and everything, right, like just whole different, all different types of launches.
So the thing, the hard part about saying, hey, is there a place that a person can go get educated? The reality is not really, like, it doesn't really exist, which is why on our platform, we just created a very easy to use intake form, it takes about six to seven minutes, I think.
You just tell us all the things that you want, like, and you want to launch and what you have and what you don't have. And then we basically, for now, are going to be helping everybody understand what's possible and what's not possible.
Because, again, it's so like legally, it's what that's really what most people kind of like forget legally launching is complex, legally understanding like, well, what kind of contracts like legal contracts, are you going to actually put in your smart contracts?
Right? And where are those contracts and everything else going to live? But that's why we just have an intake process. And we basically could because every project is actually unique. For now, again, as standards evolve, that's when the system will be a little bit more automated.
And we'll be able to basically have inputs. And then based on those inputs, we'll be able to make sure that people can only launch certain things. But for now, we basically just bring in everybody we have like, and then we do the education.
So we have a conversation about like, where, where you live, what kind of offerings you want to have, what kind of community you have, right? Because everybody else also has a different community.
What are their demographics? What's their audience like? There's like a whole list of things to consider that I think it's hard to point someone to a singular location and be like, here, here's an FAQ that'll basically answer all your questions.
And so for now, we're basically creating the FAQ by, by doing the creator intakes. And then after we realize the patterns of basically launches and issues and things like that, we'll then, we'll then kind of put that out.
We'll kind of, we'll start putting that out like publicly and hopefully educating over time. But for now, it's very specific to a launch. So that's why we have that intake process and where we hop on the call and kind of make things a little bit easier for you.
And making sure that you actually don't break laws because that's, that's like a really big thing. Like you don't want to have a launch and then have your site and your users and everybody jeopardize because you're, you're, you're breaking laws, which I know is a little bit, you know, you know, if you're completely decentralized and there's no way that anybody can find you.
I mean, hey, maybe, maybe go for it, but that's getting harder and harder and and KYC and AML and things like that. Like it's just going to be pretty tough to get away with that for for too, for too long.
If you, if you can even get away with it. So yeah, so we're very conscious of all that. We want to make sure that everybody's protected your users, the people you launch to your communities and yourself. We want to make sure that everybody's doing things in the most compliant way possible.
Does anybody have any questions while we're just chilling here?
Can I even see if I don't know if I can help in any way. Let me see if we can get you on TG.
There we go. Good. Yeah. All right, cool.
Oh, I'm sorry for that. I got kicked out.
All right. Thank you for that. Thank you for the great explanation about some about that.
I actually saw something like up on the stream in AMPL protocol. Is there any difference?
Yes. Okay, so this is like a very recent thing that just happened.
We had kind of been going on like as AMPL stream like on all fronts for such a long time.
But what we realized like in so many conversations was that people were just thinking of us as like a streaming platform.
And we're just so much more than that that we just were like, we're really not expressing like the full possibilities of what we're doing by calling ourselves AMPL stream.
And I think we are indeed supporting streaming and we have token gated streaming, we have rentals, all that kind of stuff, right?
But that's one very small part of like what we're actually doing.
And I feel like we went through enough conversations with enough people, investors, and just all kinds of different people that didn't totally understand like what we're actually doing is fixing infrastructure and specifically distribution infrastructure.
And that's distribution infrastructure of the intellectual property and the for or rights, royalties, claims, whatever that NFT represents to multiple marketplaces across chains.
And then we're actually sending the associated media again to multiple media platforms and streaming platforms if it's on chain across chains.
So that that way because all different streaming platforms have different monetization strategies, right?
So the goal here is to then have a singular hub where creators and brands distribute that IP rights, royalty offerings, whatever it is, licensing across different chains, including and well across different platforms, including AMPL as well as the content.
But they only have to deal with AMPL.
And so then they can and then we handle all the liquidity between the different marketplaces.
We handle all the management, aggregate those stats and those analytics and so that they only have to go one place.
And this allows them for like maximum exposure through different platforms and audiences.
And it also allows them to have maximum exposure for their NFT offerings, right?
So we feel like if you really want to compete with the current distribution system, right?
And the currently current legacy kind of infrastructure that exists, you need to create kind of really like maximum monetization opportunities for brands and creators so that they will actually be like, okay, cool.
Well, so I'm not just locked into like one platform.
We don't want people to think that you have to like, get locked into AMPL.
Like we're not, we don't make some kind of terrible deal with you where you have to get locked in with us.
And no, no, like when you distribute to us, like you can also distribute to like other marketplaces, other streaming platforms,
but you don't have to deal with those other marketplaces and other platforms.
So we're trying to make it really easy.
So we just, we felt like we're really like, we're really more of an application layer protocol.
And because we're settling so many different, like we would be settling between different chains and everything else like that.
We really felt like at people thinking of as, as AMPL stream and streaming was just a little bit too.
It was, it was kind of putting us in like a niche and a pigeonhole that we, we, we just didn't feel like it really represented what we wanted to accomplish.
So that's, I know that was a long explanation, but hopefully it's thorough enough that you kind of really get the point.
Yeah. Yeah. It's, it's actually a good explanation because I was really confused about the Apple stream and the Apple protocol.
And I had a community member that was asking between the Apple stream and Apple protocol.
And I believe that I know everyone would gain more understanding about the differences.
All right. Thank you for that. That's, that's a great one.
Let me say, use us love transparency about a particular project. Can you tell us about this project transparency level?
Yeah, sure. I mean, I think, I mean, I think, right. Like if you're, if I think if you're in web three for the right reasons, right?
Like transparency on pretty much every level is clutch, right?
I mean, like, you know, I think from a, on all participants, right.
Kind of want to know what's really going on behind the scenes, you know, what, where's, where's your money?
You know, what, what are the streams like, like from, you know, in our vertical at least, right?
So I think there's like, and then when you have tokens at play as well, or any, we have a token based ecosystem, you know,
I think it's also, you know, people kind of want to see like, well, what's, what's, what's the relevance of the token and where is it?
And like, what's really, really happening? And I think, I think that like, so I think transparency is like wide.
It's a, you know, kind of like a wide question or like, you know, you could expand on a couple of different topics there.
But I think in general, for us, we just look at it similar. We kind of like, if a creator comes on board, they want transparency about what they own.
They want transparency about how much they're going to make. And they want to make sure that the amount of streams and the amount of payouts and the time that they can claim their money is all transparent.
Like, there should be no gray area about when you're getting paid, how you're getting paid and all that.
Like, that just, it's always been a little bit crazy to me that we've all accepted that so long.
But that's the point, right? So that could be filmmakers, musicians, whoever, labels, now DAO labels, right?
Like, so many, I think, and DAO filmmakers and whatever you want to like, whatever entity or label or independent you want to be, like, whatever you want to call yourself and your creation.
I think the reality is of that you want transparency around all the monetization, all the streaming, and all the analytics.
That's 100% what you want. Transparency on it, which is obviously why putting that on chain is on the public chain that's always visible makes so much sense, right?
And then I think when you'll want transparency about the engagement with the other platforms as well, right?
And then also, like, what are our fees? I think people will obviously want transparency on all that.
So on that side, I think that that's what you want. And brands are the same.
So I think that pretty much covers everything like transparency, but yeah, happy to elaborate or unpack if you need me to.
Yeah, actually, transparency in every project should not be neglected.
Thank you for enlightening us in transparency of Ampro protocol. Now I want to move to the smart contracts.
Can you tell us about the smart contracts and is the smart contracts secure?
And what is your security mechanism to make sure this project is a great one and also a musical and people's trust? Thank you.
Yeah, so I mean, I think nothing that we're doing yet is anything that hasn't been already battle tested, like, you know, what we're using our NEP 171 for.
That, you know, isn't necessary. Like, we don't have to worry about the NEP 171 contract specifically.
I think where we and we're just so we're perfectly clear, we are testing all the security and everything else now.
So that's like where we're at. We're basically making sure that we can we're going through the process of trying to break everything and make sure it it can't like if we if we can break it, obviously, we're not putting it out there.
But like we're going through the part of like not breaking it. And then once internally, we decide, all right, cool. This is really ready to like launch.
We'll run it through a security audit and just confirm. But like most of the components that we're actually integrating and even the different ecosystems that we're integrating have all been pretty battle tested up to this point, like live peer is, you know, who is who we're using for streaming.
And then, you know, we'll probably use are we for some of the legal docs.
And then obviously, we're using NEP 171 for now. And because right now we're just focused on near but eventually and then once we get into chain abstraction, that will be a whole other thing.
So on the on the topic of security, like the reality is is like right now, we're still making sure that this is really ready to like launch launch, but I feel pretty confident that we're not going to have any issues with that just because of the components that we're already using.
So we should be good. But I also want to be realistic and like, let you know that that is where we're at. We're making sure that everything is good to go.
Yeah, I really love that. I love that.
We, we actually have into segment today, which is the introduction segment in question and answer segments whereby the community will pick will pick from the audience to ask questions, though I saw a question that actually attracted me from the conversation.
I don't want to read that, but the second segment, I would love to ask three more questions before we go to the second segment.
Now, about your enterprise launch, can you tell us about it?
So, all I can say is that, because right now we are inking like and we're going through the through the deals but all I can say is that it's one of the three biggest broadcast networks, you know, in the latter regions, and
basically I had like a pitch and at some point and they kind of like contacted me. And then we yeah we just had a really good connection. And the cool thing about this is this is one of the biggest legacy brands, you know, in, again, in Latin America and they,
you know, they work with Netflix and Disney and everybody, all the big names. And they're, they're a really big, really big group. So, the cool thing though is that even the legacy brands, and they know their legacy so I'm not like disrespecting them for anything we talked about all this.
They know that this change is coming, and they know that things are going to be changing. And it was just kind of enlightening. And it was kind of refreshing to actually have the conversation where they were coming to us and saying, Hey, we see what you guys are doing, we are really interested.
Like we're learning a lot like, let's talk and like, let's just experiment and let's be open and let's see what's possible. So we came back to them with a bunch of different ideas.
But yeah, we're going to experiment with, you know, everything that we're really kind of talking about licensing and actually like potentially royalty claims and token gated accessing for like special, you know, like really like superfans of the content and things like that.
So I can't say much more than that, just because legally I have to be responsible.
But yeah, no, that's, it's, we're really excited and it should, it'll bring it should the nice thing is it should bring a lot of a lot of attention and users, so we're pretty excited about that.
We like we will make an official announcement too. I'm so I'm not just trying to like, I just, I have to wait till we like, everyone's like, all right, here's the announcement we're going to make.
All right, all right, we'll be waiting for that. Okay. Before I move to question and answer segments, let me read this question out to you.
The users asked that what types. Okay, what type of content those ample protocol support, and are there any restrictions or guidelines in placing in place to ensure the platforms integrity why empowering a diverse range of creators.
Cool. I do. And actually, what's nice is, Marty, thank you so much, Marty put up my telegram so I can so I can see it.
I don't have to totally remember it all. Okay, so yeah, so types of content.
On a broad level, I'll just say, mainly, we're looking for shows, film, and music. Right.
I don't think one cool thing is I think that content itself is going to evolve, right? Like, I mean, it could be a podcast, it could be, you know, a short film, it could be a short form series.
I don't know if anybody knows about quibi but quibi tried to do like a bunch of short form content. So we're not necessarily and then we don't even know like how metaverse is going to affect content like, and that's a whole other conversation.
But just in general, what we're mainly focused on right now would be music, film and shows.
I don't think I mean, I think we I've talked to a couple different people that are like, Yeah, but what about like, like a news thing or like a podcast thing and I'm like, Yeah, sure, let's talk about that.
I think it's what we have to be concerned with. And the only thing that really matters when it comes to like what type of content we're actually going to distribute is that we just have to make sure that basically we have like a QA process where, you know, QA, QC, whatever you want to call it.
But like, we basically want to make sure that there are enough deliverables that you give us so that we can actually deliver them to multiple platforms, because that's really how distribution will work.
So I'll stop there and get to the rest, the rest.
And then in terms of like, the restrictions or guidelines, I did touch on that a little bit. It's really based on like what you're trying to offer, and then who you're trying to offer it to.
And that's, that's again, I think that's like more of a one on one conversation. So happy to have those if anybody else wants to reach out. And then, because in terms of like ensuring the platforms integrity.
Yeah, like, we really want to ensure the reason the way that we ensure the integrity is is we do this process, if you give us a specific type of content that meets our QC standards, and we know we can distribute that to like multiple platforms and networks.
The reality is it's probably going to meet a higher level of quality because we're basically enforcing certain quality and we have to enforce ownership and there's KYC, AML, all that kind of stuff.
And then we also make sure you kind of like follow restrictions based on where you are and who you're offering it to. So that's how we ensure the integrity.
And then in terms of empowering, I mean, there's really no gates, right? So like the same you have everybody has the same opportunity and independent has the same opportunity to launch as the enterprise client that we're talking about, right?
They have the same tools, same access, same everything, same transparency, same payout, same, same everything. So like, I think in terms of empowering, it's just making it an equal playing field.
Well, that's awesome. I really love that uniqueness that you project us. I hope Maggie got a question answered, whatever she is. Alright, she's clapping already.
Yeah, and feel free to get us up too. Remember, we're still early and listening and taking on feedback. So we're here.
Yeah, I wanted asking that. Thank you for that. Thank you for that. Okay, I brought up somebody who I don't know how to pronounce the name, but the user is on speaker. I hope you can hear me. Can you please unmute your mic?
Hi, guys. Good evening, everyone. Hello. Hello. Hello. Okay, thank you for bringing me up. Actually, this is my first piece on web 4.3 and I'm glad this is.
How does Ample web 3.2 assessment layer host a partnership with other web 3.3 platform platform, sorry. And again, I want to ask, how accessible are collaborative and AI assisted creators to use for global content generation within Ample?
I don't know if you get my question. It sounds sounded like there were Yeah, let me just repeat them back. I think there were three questions. I just want to make sure how does it how will Ample act as a settlement layer, how will we distribute each other streaming platforms?
And I think the question was on AI provenance, or AI creator authentication for like a using AI creator tools.
I think I couldn't make everything out but I think it was like close.
Yes, no, thumbs up anything.
So first we'll talk about Ample as a settlement layer.
This is something that I think as web 3 progresses, like, I'll just give you like because there are more more music streaming sites right now I'll just give you music. As an example, let's just say an artist comes to us and they're like, we want to launch this song.
We have these NFTs, and we want those NFTs to represent I don't know 10% of all of our streaming royalties, let's just say that just as as an example.
This can all be flexible and change. Right. So okay, we say cool. Well, you launch your NFT collection from our platform.
Your music will stream from our platform, but it will also stream to let's just say audience as an example because that's a bigger one that everybody should know if you're in the music world, right on web 3.
So, what happens is, is before you would have to go to Ample to stream from Ample you would have to go to Audius to stream from Audius if you wanted to stream to like, I don't know, 10 of the other, you know, music platforms like we have like right in near
there's Tamago, right, like you would have to essentially go to all these different platforms and you would have to basically make agreements, set it all up and stream your music right.
What we're what we're working on is you just come to Ample and then it distributes to Audius, it distributes to Tamago as an example and any other ones right.
Well, Tamago is on near Audius is on soul. Right. And this person is like, I just want to distribute my music and get paid. I don't really care about all this chain stuff. I don't have I don't like I don't want to deal with any of this.
So, what we do is we essentially handle the settlement between soul payments from Audius near payments for Tamago.
And then the user just sees the money and the basically the way that they want to see it if they want stablecoins cool if they want to actually earn soul or Audius or, you know, near as an example, eventually they'll be able to do that.
That's the kind of goal that we're going for. And I don't have too much time to get into it past that because there's three questions here total AI provenance again.
That's pretty complicated. So and but what we're looking for is we're working on partnerships with different AI creator platforms.
So that when they so that when they generate content that that content has the ownership and everything else like that attached to that and that NFT is on chain.
And so anybody that actually engages with that that content actually knows who owns it what rights royalties licensing possibilities exist because that legal contract is also on our weave that's in the smart contract metadata a lot more to unpack on that front that is just a very basic overview.
And then the second one was oh, I pretty much hit the streaming and the settlements together. So hopefully I got all that question. I don't want to take too much more time on that.
I hope you got this question answered.
Thank you for attending today's evening and thank you for that question. All right, we'll move to the next week, tribes.
All right. Thank you for bringing me up.
My question is simple. Like how does how how is your plan to differentiate yourself from other projects in the market right now?
Like what unique futures or strategies do you bring to the table for long time success?
And I really want to know like what difficulties is your projects facing right now and what challenges are you and are you bringing to mitigate these challenges?
And how effective are your team towards making this project a success?
Yeah, so I mean, the main thing that differentiates us from most like I would say competitors because we've done a pretty thorough competitive analysis over the last year and a half.
And we've seen the space just constantly develop and change.
So I think the biggest thing that, you know, differentiates us is the fact that we're actually focused on the distribution infrastructure.
Most people are focused on being a singular consumer debt.
We aren't. We do have a debt and we're very focused on making sure that that's usable and functional first because we kind of want to make sure people have something to use and tools to launch and tools to to put out there and actually engage with their communities.
While we create all these different infrastructure plays and kind of settlement layers and things like that.
But the main differentiator is that we are not a singular debt and you are not locked into like our debt.
You are working on top of like our basically and this is why we talked about protocols because we're going to have protocols in place between us other chains, other marketplaces, etc.
And that's essentially what we're what we're doing.
So that's the big that's the big differentiator.
And then in terms of like challenges, I mean, I think one of our biggest challenges right now is just wanting to do everything as fast as possible, but realizing that you have to just take time to do it right.
It just things just take time and because of the complex nature of what we're doing, it just takes longer than I'd like it to.
But I think everybody's on a team like we all just wish everything could be done because we have this grand vision and it's amazing, but it just takes time.
So we just have to have patience.
I think that's one of our biggest challenges and you know, you want to like lock down like big partnerships and everything with brands, but that takes time.
You know, big brands, you know, big launches, launches take time, right?
I think the next thing to answer the third part of that question was, is the team basically is the team able to do it? And yeah, for sure we are.
I mean, I think at this point, you know, we just have so much experience.
We understand like the domain expertise.
We understand, you know, NFTs on different protocols.
We understand all the legal stuff.
I mean, as best that you can, it's all gray right now, but we have a very good understanding on all the different core components that you need to understand to really execute.
So I think it's just a matter of we know how to do things and we know how to test and we know how to break things that we know how to iterate and be lean and agile.
So we just need to do that.
But yeah, I mean, we wish we could have this all done, but it's just going to take time.
So hopefully that answers the question.
Hopefully I love to see what future progress you have for us.
I will be a very good follower to your project.
Thank you for attending today, Amy, and thank you for your question.
Juice, can you ask your question?
Thank you for bringing me up.
My question is, how do you plan to increase users participation and inclusion opportunity
for more engagement across the major?
Can you repeat that one more time?
My question is, how do you plan to increase users participation?
Am I the only one that did indeed get that question or the end?
Oh, I think we were, let me just try to see if I got it.
You're trying to ask how we're going to get users and get them to participate with the platform?
That's obviously a major thing that we have to consider, right?
So right now, what we're doing is we're running a whole Quest campaign.
And I think that, yeah, I mean, that should be pretty available on our Twitter page.
But like, yeah, we're running a whole Zeely campaign.
And I think we're going to do something with Arcana soon.
But yeah, basically, what we're trying to find, or we're trying to see what users like,
what they don't like, we're just constantly testing.
I think when we get to our launch rate of, like, what we really want to find out
is what people really like first.
And in terms of like getting actual users on board, it's like running these quests,
constantly understanding like what more people want.
But the big way that we're going to bring in the first users is actually through our launch,
our creator partner journeys, and like our creator partner launches.
Because, like, for instance, like the legacy brand that we're bringing on,
you know, they have like millions of, they have access to like millions of people, right?
So we know we're not going to convert all of those people.
So it's just a numbers game.
We're looking for people, all right, who has a bigger community,
who has a 50 to 100,000 person community.
And we try to launch, we try to bring them because we know that they're going to bring us a portion of users.
And again, we know we're not going to convert all those users,
very similar to how other companies have to address this.
But you're always going to basically try to compound these atomic networks that exist
and then bring in those users and then those users get locked into that project
and they like the project, they're engaged, they're involved, they're included,
they own something, whatever that is.
And that offering from their creator and their fan.
And then that also helps create a flywheel effect to bring more users,
more exposure and everything to the platform and other creators as well.
Yeah, I'd take it very much.
Does anybody else have any questions while we're waiting or...
I don't know if you can write them in the comments.
Let's see, what strategy?
Oh, we talked about this, right?
Token burning mechanisms.
I'm just going through these.
Token burning mechanisms.
Cool, yeah, so whoever asked about token burning mechanisms.
I mean, the big thing with token burns, and again,
what we're looking at token burns and token lockups
on the creator platform for, or the ecosystem I should say,
mainly what we want to do is encourage users, right?
So this actually goes back to the user engagement.
We really want the token itself to be very involved
in one of the utilities of the token.
We want there to be a reason for growth of the platform.
So we want to in tandem grow, obviously, use of that token,
but we also want to grow users on the platform.
So for instance, we would have token incentivations
of like, all right, if we onboard, let's just say,
it's very similar to how things go with quests
and kind of like Web3 Gorilla marketing style.
Basically, we hit these metrics as a platform.
We burn blank amount of tokens, things like that.
So it's really about incentivizing user growth
and growth to the actual platform,
and that's one of the biggest ways
that we're going to look at token burns.
Again, the DAO, right, like over time,
we'll also be able to make, you know,
people will be able to post proposals
and talk about token burns and token lockups, right?
Token lockups will be needed obviously for the DAO
and then token lockups will also help with like different,
setting up those like kind of initial settlement pools
that liquidity pools that we'll need.
But for sure, yeah, I mean, we can talk about that more.
But again, a lot of this will eventually be up to the DAO.
Initially, it'll be to encourage user growth.
So hopefully that answers that question.
I'm not sure if I can actually let anybody up.
Yeah, I think our connection is bad, the cohort.
So the host has actually granted some people
some of what you need to say.
Oh, great. Okay, cool. Yeah, go for it.
All right, so my, you know,
we already talked about the governance, the DAO.
So yeah, yeah, so I just want to know if,
you know, as much as users need to,
users in future users to be able to participate
in the governance and voting.
So I want to know, is there any kind of opportunities
that you give to maybe the DAO in your project?
Like if you give opportunities to the upcoming DAO,
if you like to empower them, you understand,
And also I want to know about the biggest of the cohort,
what has been the setbacks that the team has faced
in the development of the project
and what you've done in order to fix these challenges?
Well, I think right now, I mean, we are a small agile team.
So we just approach, we just have to approach,
you know, everything basically on a sprint level.
So I mean, right now, like from a development perspective,
like we can only go as fast as we can go with our team size.
So, you know, I mean, in terms of like opportunities,
I mean, I think there can be opportunities in the future.
But right now, we're just a small agile team
doing our thing and launching, you know, one feature at a time.
So, yeah, I'm not sure if this is that,
that's the answer that you really wanted, but.
Yeah, yeah, that's actually clear.
Yeah, yeah, all right, cool.
All right, so maybe I still could ask this question.
Yeah, thank you for giving me the opportunity to speak.
All right, so just go to my question.
Yeah, so I heard you talk about your team now.
Yes, I'd like to know how does Ample dial decide which projects receive funding
and which advantages and what advantages do dial members
as different tiers have in influencing these decisions?
So let's so we have to make sure that we are clear about first,
like so Ample specifically, right, eventually,
that the Dow will have ecosystem, an ecosystem treasury, right?
And yes, like the higher tier down members like tier one, right,
I always get like, I forget if we like went up or went down.
Anyways, the highest tier down members, right?
And I wrote the white papers hilarious.
So the highest tier down members, right?
They will have, they'll basically be in control of making the final votes.
But the tier three or lower tier down members can bring in projects.
And then, you know, tier two down members have a little bit more voting power as well.
But ultimately, like for the most part, it's up to the higher tier down members
to like, what gets greenlit and what what doesn't get greenlit from the treasury.
So there's a pretty it's, it's, it's very similar to how things happen in the real world,
like with networks, but with there being like a much more decentralized approach
and an incentivized structure so that like, for instance,
you bring a project into the Dow, it's successful,
you now actually get part of that success as well,
because you were doing part of the work, right?
So there's like, this kind of like circular self feeding kind of system
where there's a reason why people would want to bring stuff into the Dow.
And there's a reason why the content that's created from the Dow,
there's a reason why everybody would want to be successful, right?
And we think that that helps with like, growth and flywheel effects
in terms of marketing, getting communities involved, etc.
But but anybody can bring a project to to ample.
Ultimately, there really is no rules like we we really want it to be very empowering.
There there are reasons and perks and all that's in the white paper.
There's there are reasons and perks of like,
why you would want to bring content to the Dow,
but and why you want to be involved in that.
But yeah, for the most part, like anyone anyone can bring it,
but ample eventually will make the decision when ample has a treasury.
Well, awesome, awesome. That's a very that's that's very impressive.
So yeah, I would like to know, how does ample encourage worldwide adoption of ample tokens
and empower holders to influence ecosystem development?
Yes, sorry, can you can you repeat that one?
I just want to make sure I got it.
Yeah, sure. So I said, how does ample encourage worldwide adoption of ample tokens
and empower holders to influence ecosystem development?
Oh, cool. Yeah. All right. That's a good one.
So yeah, globally, like, like the key, I think, like the most important thing
is to understand that like what we're focused on is global.
I think like creator economies in media and entertainment industry in general.
I think in general, we are we are evolving and changing into and pretty fast
into a global marketplace for intellectual property and associated media assets.
So the token essentially has a bunch of different use cases,
but essentially acts as a settlement layer.
It also gets you into all the different Dow tiers and allows for governance.
The way that I think the token and IP and everything and all the different partnerships
make sense is so the more that the token is used for as a settlement
between ample and other streaming platforms and other marketplaces,
the more that that token will be needed in terms of actually like
it'll be needed for more liquidity pools.
Right. So there's more opportunity there for participating in those liquidity pools
between streaming platforms and marketplaces.
So that's that's one of the big use cases.
And then again, there is the whole and there we also feel like having
if let's just say that you're a brand new creator and you don't have a lot of money
and you don't get paid a lot of money yet.
But you know, like whatever your stream is worth something.
Right. So instead of getting paid in US dollars, I mean,
if that's what you want, that's cool or USDC stablecoins.
That's what I mean. Right. Or near or whatever. Right.
Like you choose that, but you can also get paid like initially will pay out
in rewards, for example, but will also allow, you know,
will allow will allow people to get rewards.
And then we'll also make sure that, you know,
if a person wants to take, you know, whatever their owed,
they could also just convert that to ample and eventually they could grow
to be a tier member as well and have governance over the platform
and everything else that the platform includes.
Right. So right now there's also sort of gate keep gate.
Like there is we do have to geogate some access to the way
the tokens used based on different jurisdictions.
So that's important to understand. But I think for the most part,
I hope hopefully that gets a lot of your question answered.
Yeah, that's awesome. Thank you very much.
Come with me. Bye. Hey, Zaina, your hands is up.
Yes, we can now you can speak.
So my question is this, where is your head office located at?
And Dubai as a potential establishment ground?
Okay, that's an interesting question.
So because obviously, yeah, I mean, so right now we have three different
We would, I think, consider Dubai at some point.
But obviously, that's like where you set up your headquarters
is a pretty big decision.
I think we're a little early to fully decide like where we're
going to have our ultimate headquarters.
But I think for now, you know, we have the entities in place.
You know, we have our BVI or Singapore and Wyoming entity in place
where we kind of all work together for different things.
But I think eventually, ultimately, yeah, I mean,
could we be in a different country or location
that would be a little bit more friendly to, you know,
what we're doing? Yeah, for sure, I think so.
But that's a bigger decision.
And I think once we, you know, once we get a little bit more clarity
on where we're going in the next, you know, three to six months,
I think we'll make that decision soon.
So, Amba, are you there right now?
Yeah, okay, since she's got some issues.
Yeah, in BBM, I see your hands up.
So, thank you very much for giving me the opportunity.
So, I have two questions that I want to ask.
The first question is, I need to know the social media channels
like Instagram, Discord, Twitter, and other social media channels
that we can follow them to know more about their project.
Secondly, I need to know their vision
and their vision of their project.
So, thank you very, very much.
Yeah, so on this profile, our ample profile,
you can just go to our link tree and everything should be there.
So, you can just connect with us on all accounts on our link tree.
And then, I think, yeah, in terms of,
I forget the second part of that question, the vision.
But, yeah, I think we've pretty much discussed that.
Yeah, like, I mean, we're really looking at, like,
kind of cross-chain, cross-marketplace,
cross-streaming platform distribution,
kind of making that distribution infrastructure to all of us.
And just also really quick,
I do want to say that I'm going to have to get moving
because I do have another call.
Raj, if you want to come up and answer.
I think Amba is having one or two connection issues.
I think Amba is having one or two connection issues on my hand.
We've been live for over an hour now.
And with this, I think we'll come to the end of the space.
Thank you for having us and sharing the insight about Ample Protocol.
Thank you. Do you have anything to say, please, Kenny?
No, yeah, I just want to, if anybody wants to follow us,
hit us up, jump on the link tree.
We're also here, like, just DM us.
If you guys, anybody wants to launch or anybody has any questions at all,
jump in Discord, hit us up, DM us, whatever.
We're here and we're approaching, but we're ready to answer queues.
Okay, I think you have your Discord link on your profile, right?