Hello, how are you guys doing? Chris, I'm doing good. How about you? Yeah, I'm great. How about you, Enrich? Yeah, let me invite you to be a speaker.
So let's go a little bit like into we have more listeners and we can start. You know what?
Today I'm not feeling too well. So don't mind me if sometimes I make some random noise like a cough or something like that. I'm not feeling too good.
guys for Rams from AstroDusions it's kind of a bit early for him it's like 6am at his play so maybe in 5 minutes if he is not joining we can get started I think so
Hey guys, so can we start now?
Yeah, I think we should start Yeah, hello Rams. Yeah, yeah, everybody. Let's do it Hello everyone Yeah, hello, hello, hey Rams. Nice to meet you. Pleasure Pleasure. Good morning guys. Good morning. Happy to be
Good morning and Rich. Yeah, so I lift that we can start now. Okay, so yeah, hey guys welcome to to poke it out inside our first community call. So joining us today,
This episode we have Nicholas, co-fathers at a junior network, Peter's business development manager from MoonFit, Enrich, director of content creator from OMOK and lastly, Gramps from
Asband region so we will talk about NFT use cases and a tea revolution in several industry like gamings midiverse or even defying so first of all can you guys say a high and and
and give me community some lies about what you are doing and your project, especially when dealing with NFTs. So first, I'd suggest that Nick, can you go first? Thank you for having us in this call today, so short introduction about my
myself I'm Nick I'm one of the co-founders of IUNA Network and my focus is on the business development side of things IUNA Network is an infrastructure for gaming essentially sort of a dedicated let's say gaming chain currently our focus is on our Osma IUNA avatars which
which is our community building product, which we launched our first season last month, and we're preparing for the second one. A way that developers can interact with us is through our Unity SDK. That's a way, sort of, the pathway into launching a game on a UNA network. And yeah, very excited to be here.
Yeah, thank you. So I know at your now for a while and I have to say that like you guys are on the private path for gaming industry especially like June and S will definitely like a really important packaging projects on I'm hoping to get my adoption that fall for
the whole ecosystem. So how about you Peter? Yeah, thank you Chris. Pleasure to be here guys. My name is Peter from Munfit and Web 3 NIT Lies Lies Lies Lies. I'm gonna give a short brief introduction
about MoonFit. We are on a Web 3 NFT lifestyle and we are on a mission to promote a healthy and active lifestyle through Web 3 and NFT. We encourage every format training as long as CalRy
and through our rewarding system, we'll fit in courage users to exercise, stay fit and stay healthy. And the reason why I'm here with Junna, with Reebok and with our studiations here is because we got an energy collection in which we
have moonbeasts and moonbeauty which represent the story, beauty and the beast. I think that many of you have known about this story. And the way our energy is a desire is to motivate users to exercise, to train, to burn calories, to
become stronger and more attractive like the row model of the base and the built-in. So yeah, I'm really excited to be here and discuss the possibilities and potential of NFTs and upcoming weeks and months guys.
Yeah, nice. So I'm moving to it would focus on a very niche market, right? So that would like bring value for users who are healthy lifestyle applications and even get revert from that, right? So how about you?
I'm going to give some ideas about R&D.
do we actually believe it and say it but we know it to be true. We are giving NFTs the future compatibility and an upgradability that we all want in NFTs. What every gamer or person or customer wants
NFTs to be that's what we're actually creating it and after being there not only we not only confirmed it but we matched it up against other you know competition and we know it to be true and that all started here on Kusama in the Polkadot ecosystem and now we're taking that
K-offs that we created and moving it over to EVM and creating a standard that is an official ERC, you know, recognized ERC. And that is where we are now. So we have created the world's most advanced NFTs through that process.
And we're happy to bring that utility. You know, we created a first NFC collection, then a marketplace, one of the first market places in Polkadot for NFTs. And now we're moving that over to EVM and bringing that utility that everyone wants.
Yeah, actually I read about OMOK in the last two months and about Nested and the T's, equivalent really and also Mutual resources and it's I believe that like these features would really fit with
So how about you, Rams? Can you talk a little bit about Estonia? Sure. Thank you. Thank you. Look at that insider. For having us, Nick, Enrique, Peter, pleasure to be here with you all too. Let's see.
AshtardEgence is a VC community-led DAO. That means that we're just a collective trying to invest in projects so we can make some financial gains through our NFT membership. So we're a 10k collection on AshtardEgence.
our network or over a year old now, our birthday was just a couple weeks ago. And we primarily have made about four or five major investments through our lifespan. We collect a revenue through a feature that
Aster has called deAppStaking, which takes advantage of the inflation model on Aster for token and where builders or deApps get rewards. So through our deApp we recollect about 15k of Aster daily and every
month we rewarded to our NFT holders and every three months we reward our DAP Stakers, the people, the community who is staked on us. We return a kick back to them, proportional to the amount they stake and for the period of time they stake on us.
in that quarter. So overall we have a pretty well oiled system that now we've kind of we're pretty confident in for continuous income and rewards for our stakers. And yeah, I won't spoil the rest of it. We have a lot
about 2400 holders and in our of our inner tea and our stakers are about 2800 apologies it's pretty early in the morning for me but yeah pleasure to be here today
Yeah, it's okay. So I'm really thankful for your introduction. So let's move in a very first question about NFT. So I know that it's up to you guys for their own perspective about NFT.
because energy is diverged, right? So in your perspective, so how energy I've been used in the art and collectible space and how this is changing the way we think about ownership and provenance. So I can make go first.
Yeah, sure. I mean, I think from the perspective of collectibles, I think that's probably the most, the use case that we've seen happen most of the past year. And you can see different types of utilities or narratives that
can emerge from these types of drops. I think maybe if I can take it in a vertical that we're looking into, NSTs where digital ownership is quite a natural fit to the gaming space. We've been living or inhabiting these digital worlds
for quite some time. And the reality comes at the value of all of these digital items and avatars that exist in these games, they have value because they mean something to us, right? Whether that's because it means something because we spend X amount of time or any other
the way you wish to sort of value sort of these digital assets. Now the problem that that that is inherent there in the sort of in the system or in the way that that business model works is that because the true ownership is always lies with the developer and the publisher but the game space has changed and involves where different
have different values where communities have become probably the highest or the most viable commodity that a game can have, but it's not being rewarded. So I think digital items and digital assets in an ownership of these items in the gaming space is where
NFTs in particular are quite interesting to explore because essentially you have an audience which is comfortable with the concepts behind NFTs but we need to just match sort of the experience to those concepts.
Yeah, so how about you Peter? What do you think about this? Yeah, I agree with what Nick said about the art and collectible industry here. You can see that it has been the most popular use case of NFTs.
for one or two years. I think I would like to add a little about the ownership here. As you know that the MUNFIT also requires the NFTs. Other new users do not need NFTs to get started with MUNFIT.
to own some rewards and offers a lot of features and activities within the app. And for example, I can say that Moonbase NFT right now is also an asset. It's unlike the traditional gym memberships that will wear our
the value after a period of time. So we got the ownership of the digital assets that we have and Moonbase NFT can have much more value in the future, not only in price but also in the privilege or the advantage of the NFT holders. And I think that's the special thing about
entities when we use it in the Web 3 Fitness where we can actually own our items and we can actually have the ownership of the membership like we traditionally we call it like the gym membership right and I think the
This is how we can change the perspective that we have on the ownership of the users. And yeah, about other things I agree with Nick. So I think that Enrich or Rams talk more about this.
Yeah, um, so how about Enrich because I'm okay I believe that like you guys would more focus on on utility. Yeah, right? So do you have any thought about it? Yeah, I mean yet so yeah, let me start off with both of these guys are correct ownership is extremely
important. I think you have to look at it from our perspective is look at it deeper than that. So what do I mean? Ownership is momentarily right now in this space only available to you if they want to give it to you. And let's be honest here, there's chains like Salon.
You have ownership of that NFT until the chain goes down. There's other chains that have had this problem. So you have momentary ownership. It is not true ownership. And so we have really been focused on how do you actually give true ownership or give lifelong ownership to people with their
How do you take one NFT from one chain to another? What does that actually look like? How can you even begin to do this without building or without compromising on a centralization? Because if that's what you're focused on, then you're basically building Xbox or PlayStation where
your game and your assets are only available on the PlayStation Network or only available on the Xbox Network. And so then what happens are like Nintendo or Sega or any of these platforms. And so the ownership part I'm glad that is being, is being where I would say where you know we're level one with 10 more levels to go.
But level one has obviously released a massive amount of potential because now people understand, you know, before it was really hard to understand, well, what does this mean if I have ownership? What does this actually look like? Is it just that I can use this NFT in one way or another? Do people give me, you know, teams didn't have to build a central
back in or front in to give my NFT utility. All of these things are hard questions to answer and to look at. There's different perspectives and you can offer different solutions. So Remark chose to, hey, let's go to the most ground level. How do we give NFTs this cross compatibility to give
and if he's the ownership and the longevity that people require, right? Because when I buy, let's look at a vango painting. Vango was a famous artist. You know, I think it was like, I can't remember the years, but he's got like Starry Night and all these famous paintings. He died and his paintings
continue to live on because you could say like the world is that playground right they can be transferred across the world they can still be crossing so the world's not going anywhere. How do we give that aspect to NFTs right now because the world that they live in are basically blockchains that can go down they can be halted they can be stopped they can be
basically blocked by governments. So how do we actually give them this eternal liquidity that Remark talks about lifelong Jeviti so that your NFTs isn't basically just another asset in an Xbox game. And yeah, I think we're on the way to doing that.
Yeah, I'm brilliant in interesting answer. So how are you ram like what are your your your perspective about this under like a VC?
Yeah, thanks. I have to agree with Enrique with the whole ownership aspect. We're totally on level one. Especially with chains that could be turned on and off over a weekend. And even more so when there's contracts that could be upgraded, let's just say, and then totally check
So you can revert some of those transactions on chain. So all good and said that's totally fine as long as the user is aware that that's possible. So when it comes to R and NFTs on that level, I think the question pertains to how could it be used.
in the collectibles, been collectors, our entire existence. So it's just ingrained in us to collect things. And then groups are formed around these things that we love to collect around or these interests that we have. And that's been true forever.
as well. And especially it came to light when the internet came up on the internet came into existence where we started creating forums, maybe World of Warcraft groups and where we just discussed and talk and about the things we love and so on. So now with an
We have a tangible way to interact with each other and have ownership over the things we like or collect. This is where NFTs are so powerful because they're part of the culture already.
know, assimilated by us. Obviously, we're still very early. I think there's a lot of ways we can look at NFTs, but when it comes to the art too, that's something we either like, or certain groups like that art, and we want to partake and be part of that community.
like that art or whatever or gain in a sense. So NFTs for us at the VC Dow at Astor DGEMS perhaps the art wasn't the focus at first at all. I think it was more the community of the interest they have in our plants for
investment but we do partake and some did jump in for the art and so they they'd look at this ugly gorilla and they said hey I want to jump in and they ended up you know just having more than the art because the community around it was interested in other things so nowadays
I think the way it's changing how we're thinking about ownership is also relative to what the technology is bringing to these NFTs that are art-based. Fractionalization now gives us the opportunity to own larger pieces or higher valuable pieces
that the society thinks it's more valuable and then we are if we're interested in it we get on a piece of it too. And then with that fractionalized piece we could do a lot more. But anyway there's a lot that I think the technology is allowing us as consumers and users to explore.
in the way that we've never been able to before. Just because I think we could all agree that art, market has been sort of exclusive to ballers and shop collars with tons of money. Now where are those ballers and shop collars on the digital forefront?
Yeah, I totally agree with you and especially about ownership Like I was really about especially are I'm okay and like you guys have a really great Like nasty NMT
So it's food be have the communities to to have more ability to to die on an NFT valuable and entities can you tell tell me more about that Yeah, can you I miss part of that question. What was that?
Yeah, I mean like the ownership of an empty is very important and especially when you guys have netted and up to features so do you Tell the community small about that like because the community would be able to
to own a very valuable entities with net sets entities, right? Yeah, yeah. So, nestability, you know, just to give a quick explainer, it is basically today, when you buy an NFT of a character, you then have to build the backend and the front end to be able to add other NFTs to that character.
And it's sure you create a UI for it. And that's always done. But what we ended up doing is creating nestability, which allows within the metadata of the NFT itself, NFT1, you can have NFT1a, and then we added a quipability and all the functions to that NFT.
So what does this mean for the ownership of the person? Well, it means that you can basically not just have to buy multiple NFTs to increase the value or the utility of one NFT or to your wallet, you know, you as a user, but you can basically do it all on one NFT. And there's a lot of cool things that are happening now, which is like you could actually
use a new method that's called account abstraction. You could possibly create an NFT, almost think of it as a gamer tag that you use on any kind of software like, or gaming engine like Stadia or Xbox or PlayStation.
use those examples because they're easy to relate to but you can use account abstraction to then create an NFT that is your account like the NFT itself is your account and you're like well how does that work well because all of the NFTs that you gained while playing you know these games they all can be nested or or put inside of that original
NFT. So your NFT could just be your account name and like your banner of what you, you know, and your character and then everything it owns. And if T's wise can just be thrown and nested into that NFT to show like badges or to show like challenges, you know, I don't know if anybody plays any completionist
kind of games. I was a big willed, I loved Guild Wars 2. Big part of Guild Wars 2 was that you could complete a bunch of challenges and you know you could solve puzzles and those became achievements. That was really fun and I can't take the fact that it took me some of those puzzles I mean I spent like three days trying to solve.
and jump and like make sure I landed on the right rock to like go to the next set. It was hard but I don't have anything to show for it now because I don't log on that character ever ever. It would be cool to have an account that was an NFT that I could take all that reputation with me everywhere I went and that is really what nestability
You know, you can think of it as like a character that equips a sword. Everyone uses that example. We're going further. We want that to be true reputation and something that we're talking a lot about is reputation of avatars, which is like you as a person, all the reputation that you gain in different games, how do we actually
create that. It might require a wrapper, right? Another game might give you a different NFT, but then if we can wrap that NFT and convert it into a remark NFT, that that fits inside of your reputation or avatar, now you have something, right? So it is solving these hard problems that nobody else
is interested in solving or they solve at a different level and really making a user friendly which hasn't been the case so far because it's hard. But yeah, it's nestability really is like it's super, super compatible and just allows for a lot of creativity to take place.
Yeah, thank you. Thank you for like you also you also answered my consideration for like two months because the like the nested energy is quite like typical to understand with me. Yeah, so I'm happy
How about Unique? How about like gaming, how the NFTs being used in the gaming industry and what you think about like what are the new opportunities for players, for developers and creators with NFTs?
Yeah, I think I'll follow up from basically what was said before. I mean, as you can see in the gaming space we're quite already, so big hurdle is already there that we're quite used to caring about digital assets. That's quite important.
because for anything to have value, especially in the digital world, you need to care. So we are quite used to it not now, not because of crypto, not because of wallets, but because of gaming. Guys, can you hear me? It seems to me that I cannot hear anything. Can you hear me?
Yeah, I think he might have to log off the joint. So I think we'll really fight you to that to that environment to these digital environments and caring about these digital assets. So that's sort of number one. In terms of what you can really do in terms of ownership. Again, if you look at each
game or genre on its own accord, and if the I think is too broad of a term when we're talking about gaming. So World of Warcraft, as you said, that's a great example. Why? Because the amount of time or grinding or even spending that you have to do to level up a character to get him with all of these awesome items which then empower
them and give them different access to the game have a certain value. And if this was, and then if see, that could mean that would open up different options for that owner. That could be from right out putting him in a marketplace and selling him to somebody else. It could be putting him up to rent, right, to somebody that would like to explore world over
work craft in a sort of the most advanced character that you could go out to. There's a lot of different things that you could do. Take for example shooters, like shooters which sound like a really bad fit for blockchain space because of sort of the limitations in performance of the infrastructure, but look at extra, so first
person shooter that's an extraction shooter. Right, so that you have to go through different things like Escape from Tarkov and find a very specific item and if you manage to do it in time, you extract it and you own it. Now, if these items had actual ownership, then that bounty would be something which would be actually super viable.
Yeah, thank you for your answer. So can you talk now, peers?
Yeah, why I think I can yeah, yeah, yeah, so I'm how how are you? How are you like power energy spin you in game gaming industry in like under your perspective?
Yeah, talking about gaming in MoonFit here, actually MoonFit has a lot of gamification fighters inside the app and the MoonBeast NFT is the main character in the
whole ecosystem of MoonFit. The Moonbase NFT has four main attributes like speed and endurance, luck and social. The amount of rewards
that users can earn will depend largely on those four attributes. And it will also depend on other attributes as well like the Rarity, the Level, the Rarity, the Level, and
So those are their attributes. We also affect the amount of rewards that users get about able to earn from Moonsfit. And I think--
That is some factor. I mean, that's some part of the gaming part when users use the movies NFT inside the Moofit app. And I think
For example, like the current on the IWiSensify.net, the MoonBiz NFTs will be necessary to join some running plans and they will be able to explore and be open to more exclusive features and exclusive
content unlike the non-AFT holders, although I can say that the new users do not need NFTs to get started, but only an NFT right now can open a lot of gaming possibilities and gamification features inside the mode fit app. And I can say that
joining a running clan in the Moofit app you can connect with other you can connect with other like myda people and you can join with them you can compete with them and run with fitness communities here so I think
GAMIFICATION or GAMING is a really important part of a web3 because you know that with the gamification part, MoonFit can become, can have a new holistic approach, can have a new innovative approach to the traditional fitness.
Because there's no, I think that belief that there is no such thing that can be more addicted than gamification. And if people are addicted, the more they are addicted to gamification, inside the Muffet app, the more they will be likely to train to exercise
with MoonFit and that is when they will automatically have better health, more active, more healthy lifestyle without knowing that they are training with MoonFit. So that's the point here, I think.
Yeah, thank you. So how are you RAM? So, what are the elements of a blockchain based game that you think important? That as the region is put, investing in.
From an investor standpoint, we're kind of spoiled here on Polkadine, Kusama. We have remark, we have these standards that are kind of revolutionizing how we look and interact and perceive NFTs when it comes to gaming. I myself invested in Skybreach.
and have it on the shelf there. We're ready to go. And also for the regions, some of them as well jumped in and invested in about some land. I got lucky with Enrique, you have to remind me of the little purple guys that you randomly fly. What do you call it? Coutulies.
There we go the junkies and so I got lucky. Anyway, so we're spoiled in the sense that we're interacting and and playing with you know this this the new types of NFT that affect gaming and how we how we game I'm looking forward to more developments
on that front as well. So as an investor standpoint, I think we're always looking to see what's the newest trend we can jump on and partake and participate. But I'm going to peel it back just a little bit because if Denver really showed me, really opened my eyes to what
maybe outside of polka dot is looking at or still immersed in and that's the NFTs that or the gamification that leads to earn to fun or fun to earn or play to earn which is fine and then I think some models may be better suited for
community than others. Obviously, not all models work. We've seen some that have been hacked. But I think that is still sort of what the general population maybe, that's again just my opinion, might be still seen in Emerson.
this blank to blank kind of model. But I'll reference and I'll also plug in my my friend and coworker Hoon Kim who's the chief techno officer of Astar as he likes to put it. He uses blockchain and in his game because he's a game developer as well. He uses blockchain in a total
different way that I think we all just stepped on the buoy by step. We might have accidentally just hopped over it and jumped into these other models that we currently seen. He peeled back what the NFT means all the way. He broke it down all the way to its core. The
just the bare bones. That meant to use the smart contract, you took the smart contract and ripped off everything on top of it and just uses it for identifying somebody, a person. So a one to one, NFT for a person. You could kind of see it as like a soul bound
token, but even more bare bones than that. So using the browser, because it's a browser-based game that he developed with his team's step, it's called Witch 1, it's like a hide and seek kind of game, really simple, really easy to execute on the browser.
You could think of among us, but a different kind of gameplay as well. But anyway, so he uses the blockchain. No one knows you're using the blockchain when you play this game, because there's no wallet pop-up. None of that. It just uses the browser and she didn't network to identify
to identify the player because it's wasm based as well WebAssembly to then know that that game, and that player is using that game through that specific browser, that that's that player because they have this NFT that's connected to the identity of that player. And so then that opens it up
developers. So I'm talking on a developer side and also on the investment side because Hoon when he presented this talk to the Eiffelberry community or whoever was there at the gaming talk were intrigued by this kind of
of concepts. And it's actually something that I think a lot of developers, and I'm not one to say, but just from what I gathered, are interested in because they want to use blockchain to make a game more efficient.
even if the user doesn't know it. So this was one example of how they made it more efficient to identify a player without any kind of login system just using the browser. So they could return back and jump in to and have the stats or whatever is needed.
So, to back to your question on how are entities being used in the gaming industry and these new opportunities, I think these are new opportunities for game developers now to basically
be more creative and efficient with their game. I'll keep it up for now. Tune in on the Kusumarian, March 23rd, who will be talking as well about this game and NFTs, per se.
Yeah, real thank you for your answer. So let's get back a little bit about the current stage of NFTs and a little bit of reduction about the upcoming development of NFTs. So we are energy headed in your thoughts and technical perspective.
And like what are the important and missing pieces that would make NFT moving towards. Yeah, so I would invite and reach for us. Yeah. Yeah, good. Thank you. Yeah. So we're headed to where are NFTs now and where they headed. What that is basically the biggest thing that I recognized when we were at East Denver.
You know, we're at a conference full of e-heads people that love Ethereum Apparently think Ethereum is like the big thing right? It's the most successful. There's the most development There's the most dApps or some most NFT communities. There's the most everything that and they could have wrapped their heads around how NFTs could be more than what they are now and so
So right now we make the common meme that NFTs are just JPEGs, right? They're just static pictures. And how do you give them more utility? Well, you use a server that you create to give to host the UI that then adds utility to this thing. And we've gone over that. I specifically spoke to
a team or representative of a team that is working with Lamborghini and working with Richard Branson's NFT and blockchain arm. So Richard Branson, you know, the big virgin mobile guy, he has an NFT and blockchain arm of his company that they basically are trying to understand
how to actually build these NFTs that give to give utility to NFTs today, right? Because they understand that the NFTs that we have today are not going to be the NFTs that serve tomorrow. And so how do we start building those things for tomorrow? Well, they ran
to some hard problem. The best solution that he said he had found was you basically have to use ERC721 tokens to represent the asset and then almost mint a co-partner of a 1155 NFT to give it more utility.
And so they're trying to combine these things on the back end to be able to give you on the front end on the website more utility to your NFT, but it's really convoluted. It's expensive. There's a lot of things that you know can go wrong. There's a lot of points of failure. Once I got to talking to him about where we're going to go.
We are building NFTs which is this nestable compatibility, this equipability, this multi-asset where you can buy a PDF of a book, but then you can also add an image profile to that book and then you can also add a video so you can actually see the video of the book. You can add an audio file
to the book and it's all one NFT that seemed to blow his mind because that's exactly what they were trying to build out for Lamber Guinea who has some kind of blockchain and NFT on right now where they're trying to create and compete against Porsche. And so Porsche, as you guys know, has recently released an NFT collection to commemorate
one of their car launches. These guys already deal in collectibles, right? There's only a certain amount of Lamborghini's porcius of these high inversions that get made every year, 60, 50, they want to take that to the blockchain so it can be immutable and it can be there forever. But they're finding out that it's really hard to do that with the current
standards today. And so in the future, you're going to have an NFT, you know, that is built very similar to remark. If it's not, if it not already is the ERC standards that are on remark, or the EIPs that are becoming ERCs, you're going to have an NFT that everyone knows it's yours. So that
When you, for example, like car facts, right, you go buy a car right now, you are hoping that the dealership tells you all the right things when you go buy a car and says, "Hey, has this car ever been wrecked? Does it have engine troubles?" It's hard to know, right? I kind of have to trust that person. And so you're going to get to a place where NFTs
or carrying the stats, the history of whatever you're buying, whose own did, what wallet has, how long did they keep it, where was it at, where was it showcased, etc. All of these things are going to give NFTs the true utility we want to see. And this goes a big, a big long way for artists because
artists want to be able to, in all those interactions, create royalties, which is the huge problem today, right? Where artists can't necessarily grab the royalties that they want because some people allow it, some people don't. NFTs, and then you have the, the royalty wars where like, open C1 week, again, centralize, says, hey, we're gonna
you don't need to have royalties, we're not going to pay them out. And then the next week, two weeks later, whatever they say, "Oh, actually, we are." And it's just the grift. We're really solving that problem. And so NFTs later on are also going to become immutable. They're going to have their own qualities that give the utility we all want to see.
Yeah, thanks. So how are you, Nick?
Yeah, thank you. I mean, I think I don't think I see it exactly the same way. And I think one of the big problems that we have here in the space is that, you know, NFTs is such a blanket term of sort of what's going to be next. It's like trying to say sort of in gaming, this model course
free to play, which in housing we're going to call it free to stay, or subscription and gaming is called my housing subscription. It's not sort of the same thing, it doesn't apply to everything. So specifically I think where what makes sense over
the upcoming sort of in terms of how we can progress and how we can move forward in the gaming space is trying to make sure that we go back to the basic thing that brought the initial value to ownership and we're going to see it over the next sort of year. So there's such a huge investment that has happened in this space in terms of gaming where we are going to see games come
the market where they're going to be using NFTs in a much different way. But the baseline of an NFT is a community. It's how can you empower a community to be an active participant, right, to bring value because we don't talk a lot about that. It's not only us creating value
for a community, it's getting people in there who want to participate here and create value. So that's what an interesting represents. And the better way that we can get these communities to get activated and not only sort of add value, but also be rewarded, whether that's in the investment space, whether that's
in sort of empowering artists and in particular for us in gaming, it's how you involve these communities in a meaningful way where their actions and their sort of work, whether that's user-generated content or anything else, can get rewarded and acknowledged by the community.
Yeah, thank you. So how about you Peter? You have some board about this.
Well, I think currently, for us here are, for example, of how NFTs are being used and the most popular use case of NFTs are being represented here. And I think that in the upcoming months or coming one or two years, we can see more utilities or NFTs.
across worldwide and into the traditional market as well. So I think NFTs will be likely to have more utilities as some kind of like certification or some kind of, for example, like in the I study just now, right?
NFTs work like a certification of membership to join that community and in the real world we will also need some kind of certification and some kind of membership like that as well and I also agree with Ann Rick
about the royalties and about the utilities for arches as they can more they can have no access to the royalties and the way they can make money with their entities or with the with the music for example or with their art collectibles something like that
That's going to be a huge amount of opinion for MoonFit in particular. I think we're going to see more utilities added for energy holders of MoonFit. As I said before, we're going to have more events, we're going to have more features and
things like that that can be exclusive for the NFT holders. For example, for the NFTs holders, they are able to receive personalized nutrition or training advice from professionals as well as the custom might work out plans or something like that.
So those are some add-on utilities that can be added for the NFT holders of MoonFit. And I think one of the reasons that are preventing the NFTs to the mass adoption is the way
that the mass users can adopt it and can hold it and can use it. I'm talking about the way they can buy it here, the way the payment works with the NFTs and the way they can hold it in the wallet or something like that. These are something more like in the infrastructure
term, but I think we're going to be able to see more improvement or development about the infrastructure where the mass users are going to be able to use it more easily to hoe or to use to buy to transfer an NFT something like that.
Yeah, so, actually, how are you, Gramps, and everything that is?
about the future of entities, correct? Yeah, so like how we are entity is heading in the current status. Yeah, I think so. I think, um, entities are headed to
to a space, just like technology in general, where it just becomes part of our daily life. This is as simple as the notification or jumping into or emails, right? They may be called differently. I think Reddit uses digital collectibles.
and so on. Some others use digital twin. I think Discovery Channel and the work they're doing with Josiah Digital Twin. So they're converting, changing the name. And this is going to be common. I think that's just a part of what we do.
make it more accessible or make it seem more innovative to a new population. So that's just going to continue as well. So I think NFTs are definitely going to grow. I think just like the example I stated prior, NFTs are going to be used sometimes without our knowledge.
when we just access a game or interface on the web, the blockchain and the tech is going to be, you know, just the underlying engine. And we won't even notice. And I think that's what we'll need to mass adoption. And then obviously there's
going to be sectors where it's more specialized, probably like the energy, the sustainable energy market, NFTs are going to have means certificates that are burnable or not or prove that your company is green and so on. So I think NFTs is so
so big. It's so hard to kind of predict anything, but that definitely, I do see them here to stay as a proof of ownership, as a certificate, as part of a community to identify yourself with
whatever you want. I think the tools for NFTs are going to evolve as well. I'll be able to create this certificate for my own family to prove something and then connect it or merge it with another NFT when I find the cousin.
It's like tons of things I've looked at and seen and can't imagine as well. And then bringing them onto gaming and sort of farming communities like Nick was alluding to. That's really the essence of it. Whether you're rewarded or not, I know sometimes we all game without a need for a reward. I think it's just the gaming and the fun aspect as well.
but others want to have a reward for all that grind they do as well. I remember all the farming I've done in games when I was younger. So I think the future is just huge when it comes to entities. And so all this exploration that's happening now, which
specific. It's really exciting just to like, and this is a conversation for hours. Yeah, I already read all of you guys like answers and a lot of development and the piece is going on, but when I checked traders mostly they just keep talking about collecting
or get back, but the majorities don't care too much about things that going on outside with NFT technology. And I read an article about Starbucks. They launched a blockchain based loyalty program using NFT technologies.
And I have to say that, Stavo is an amazing example that make a hue impact to bring more adoption from people who don't actually know about crypto about energy, but they're still using this technology in their
So how you see NFTs, you see these, you cases would involve in the next one to two years and what are the news use cases that you think will be the most universal one. Yeah, so how about you, Enrich?
Yeah, the most the most universally wide thing I think is going to be nestibles, you know, for quit for NF it's just quickly
be covering the thing that most companies want right now after all the talks again that we had in e-tember. If they want ERC, they don't want to have to create this. They want it to just be possible. And a lot of people think that this why hasn't this already been created.
I think that is just to put it simply, I think that is going to lock a lot of potential in terms of ownership, in terms of compatibility, in terms of utility. You were talking about community. I think Nick was mentioned in community earlier. I think that's not exclusive. I think that's actually mutually
beneficial is to have this forward compatibility and again it's like one quick way to say it's like we didn't think you know everyone used to laugh at email in the 1990s or 1980s right when email was created nobody knew that we would have text messaging the way we have now which is like instantaneous communication
across the world at any point in time. I think nestability is really going to be that step forward that is going to really young mark the potential for NFTs to be able to do so many more things and create so many different like decentralized applications using that component.
Yeah, so how are you, what do you think Nick?
I think one of the things that you see when you take these examples of these big corbords entering the space, you'll see that it's essentially like they're wetting the food and it's wetting their food. It's really important that we continue sort of seeing these types of things on a high level. So what I'm expecting to see over the next year, and not only
the gaming space, but sort of elsewhere in the NFT space, is that a bit of focus on let's say Web 3 experiences, because it's one thing telling people, you know, talking about the technology, talking about what an NFT is, or what's, you know, trying to re-explain
digital ownership to people, but it's a completely different thing if you can take them through an experience. And I think when you look at the entertainment space generally as a vertical one thing that it does very well, it can convey messages, it can do storytelling, and it can introduce technologies
which otherwise can be quite complex in a very simple way. So that's one of the things that we sort of decided to do this year with the Osma Unavatar. If you think about it for the people that manage to participate in the first season, at this point these are not even NFTs or me as a user I shouldn't even care.
If it's an NFT because at this point it's an active digital item digital asset that I'm playing within a game it becomes important to me to this to become an NFT the moment that I need to move it into a different world a different environment or do a different action outside of a game so I think
And what we really great to see is these different type of experiments, which are sort of small and contained. And that's sort of the way that we can then poke bigger industry players to be able to participate sort of in this wider space. And I'm also looking for NFTs to start bridging out in completely different
areas where these things that can be super useful. Look at healthcare. Look at the whole topic of ownership of digital health care data. Look in real estate space. How fractional ownership and NFTs can change digital model.
Yeah, yeah, thank you. So how are you? Well, to be honest, if I were to answer what what use gay would be the most universal overall, I have to be honest, I cannot answer right now, but I think that all four of us here for
here is from gaming right NFTs and gaming one is remark they're building the new NFTs starters for the new future NFTs. Our strategy is here to use NFTs to run the DAO at DL and we here at Moonshid we use NFTs to motivate people
motivate users to train and stay healthy. I cannot detect the exact use case that can be the most universal or the most popular, but I can say I'm really excited about the composable NFTs.premark is building right now.
Because from perspective of a previous gamer, I can say that I used to play some kind of games where we built the heroes, or we built some champions that we attached the items and we attached new milestone and all things levels and things like that.
into that character and just imagine if we can we can all attach the items and we can all save all the activities and my stone into the NFT and it can have much more value compared to the original one. I think it's going to have a lot of effect
a lot of influence on the side of NFT values. And of course, it would be the most, I think it would be the most used in the gaming industry where people play games, their character, the music, the NFTs,
with all the efforts and things like that they can sell the energies for a higher price and it can have much more social value as well. And of course in a Moofit with the Web35 this model we can add all the items such as the cab, the hat, the sneaker and all the things
things like that into the NFTs and make it into another NFTs that have more value. And all the milestone, all the distant ones, all the calories and the levels, they put all the effort of running and exercising into leveling up the NFTs. I think
I think with the composable NFTs and with the changes that can make to the NFTs over time, it's going to have much more influence to the aspect of value of NFTs here.
Yeah, so how are you, Ram? I'm now jumping right here because I do have to get going to another club. But again, thank you, PolkaDenton, Citer for hosting this. It's amazing. One of my favorite topics for sure. I think one of the biggest use
of NFTs in the future or even now, I don't think right now because it's still niche and still pretty small in general. I think it's going to be more boring. I think it's going to be related to businesses, making in-voices and those transactions as NFTs and
representing you know shipping access access and and whatnot centrifuge another team on polka dot is already doing this and Having success with real-world assets being represented in through this way and I think those just because of this
sheer amount of value and sort of transactions that happens on the business side of things and shipping side of things and that whole network. I think that's where it's probably going to be used heavily on my opinion. I know we are using it or see it in a way of
In our gaming right now in our field and what we live in working and breathing but I think a wider scope I think a lot of companies are going to jump in and either use it for that you know invoices and whatnot or with their workforce like let's say Toyota you know
running it down using NFTs as representation or the next thing, you know, becomes really intriguing like this, earning your paycheck through an NFT or raises because you've collected so much of certain things, you know, because you've worked
worked well and received badges and whatnot. So I think there's a lot there when it comes to entities and ownership and representation and identity. Not just for humans but for property as well. I think Nick you were mentioning retail and even in a bar.
in our, in the medicine, in the medical field as well. I could go to my doctor, bring my, you know, my whole information and then they could add something to it that's immutable and you can't be changed because I went to get my checkup.
more information to it. So I think that this open for a lot, but I think really it's going to be more on the boring side when it comes to two entities being used a lot. Just my guess really. But thanks again everybody.
Maybe if I can just add a short coin because I think that's very true. I mean we don't really know the scope, the true scope of edithies and how we're going to get to the boring part. But maybe just to give a short example of today's maybe simpler and you know not maybe so much boring but maybe we can focus
the front part, you know, this is the type of thing that within a thing we can incentivize and move communities quite easily, right? So that we could say that, look, you know, gamers are habitually really bad with fitness. So, hey, how about I talk with Moonfred and then I talk with, you know, AstorDegents, how can we incentivize our community?
to go a little bit of play a bit of their video game that they like on Osma Yuna Avatar, then go do a bit of fitness and then we can give them some advice on other things and that's how you can sort of motivate the communities through sort of NFTs. So sometimes you can do really complicated things but I think for
Now, taking it down to really simple and fun experiences where we give opportunities to people to discover what Web3 or NFTs can do for you could be a pretty good path for us to take here, especially in our ecosystem in Polkodok
Yeah, thanks to you guys for all for this incredible answer. So like a little bit curious. I'll talk about that inside around. I don't think we could hear you.
But I'll be happy to take over space with with average right here. Hello. Hello. Can you hear me? I can't hear either.
Yeah, it's it's I can hear you poke it out inside or it's sometimes it'll cut out like that maybe you want to go right Yeah, so maybe I can just message it and say like Thank you everyone for being here poke it out inside or thanks for hosting us We appreciate you know you having us here and being able to talk about NFTs
We are trying to solve the problem, right? We want NFTs to have all the utilities and all the compatibility and we know the power ultimately deep down in our souls, we all understand like how big NFTs really are and we're looking forward to bringing that to everyone, right? And if we find a use case that's
And we want to build it. That is that's the beauty of technology that we can all kind of tackle our own problems that we want to solve out there. As our DGN has won, right? They want to they want to have a big emphasis on community. Moomfit has theirs with their fitness app. The junior is building a completely like a gaming platform that is also going to give people
people a lot of ability to play different games and be able to take their NFTs and use them there. We're solving the underlying real like, I would say the hard problems of ownership, what does that really mean? And then we're glad that we have somebody like Polkadot Insider who can bring us all together to talk about these hard problems.
Yeah. Thanks for-- thanks you guys for being here. Thanks everyone. Thanks again, Paul. I'm excited. Thanks everyone. Really nice to talk to you guys here. Have a nice day, everyone. So guys, thank you. Bye. Bye.