Music Thank you. Thank you. Thank you. all right everyone i'm going to leave it like four more minutes so let the room fill if you
could like retweet share the new link repost it any communities etc etc never goes smooth you you
you Not sure how this is going to sound compared to Sanders, but let's go. Thank you. Oh, sorry. Enough of that. I don't have Sansa's music playing skills, but I will try and match his energy today.
Hello, everyone, and welcome to an exciting Pelican space.
We used to have a weekly space where we met people and then we let Unfungibles take over but we're taking the
power back we are going to talk about whatever we want today but in particular crowdfunding in
web3 this is round two fight because it never goes smooth on a space never something always
has to go wrong if only if only there was another alternative yeah normally i'll be the one shilling brave talk
here and i'm going to shill it anyway yeah we have none of those issues over here so i'm going
to welcome my co-host to the stage today drew who is your uncle how are you doing today drew
hey hey doing good doing good how you doing ready for another space on another
friday baby let's go yeah what are you drinking anything good or just coffee and water uh just
water at the moment yeah i had a little herbal tea this morning and now i'm just water right now
trying to trying to cut back on uh everything so i'm trying to you know be a little more healthy
the swing of things and yeah man i've been seeing how many steps you've been bloody doing you've
been killing it yeah i'm just hammering the coffee just channel that sansa energy yeah you gotta do
what you gotta do yeah it's good all right well we've also got uh kabila in the house today how's it going yes uh going well over here yeah good evening to um
everyone who's in europe or further along to the east um yeah happy to be here so uh jack
was also supposed to be here but he can't make it he was under the impression that it was
that it was last week and this week he's visiting his dad, playing golf and such.
So he won't be able to make it.
But I think we'll have plenty of stuff to discuss.
We can discuss anything around crowdfunding,
as you said, content creation in Web3,
Yeah, I think we've got plenty of,
and anything else that might that might come up so
uh thanks for having us no worries thanks for coming we're very familiar with people playing
golf luke luke mulks bloody well loves it nothing nothing gets done when he's playing so
but yeah all right so we also have impart hadera here today how are you doing bro i'm great thanks to be honest it's like 8 30
p.m and i'm so just elated to be on this call with firstly kabila my favorite ecosystem project
in hedera we're partnered with them and we just love hanging out and we're used to the kabila
plaza on thursdays where we're practically panelists so we're the ones like actually
asking people questions so
it's nice to just be hanging out and thanks for having us looking forward to uh getting to know
you guys thanks so much for coming yeah i know i know how it is judging by your accent in those
time zones having to entertain these americans every every night you know, oh yeah, I'm just off of my lunch. No, you must stay and
come to our meetings. So there's been a long history of crowdfunding in Web3, right?
You know, like permissionless money, it's great for, you know, these kind of things. Even the
basic attention token itself for the brave
browser initially started as a i don't think as a like an initial coin offering kind of thing like
raise loads of money in a short period of time and so we had like the ico era which is great like
some legitimate projects came out of it but at the same time just like the permissionless less
permissionless this of it kind of led to a lot of
dodgy scams as well which which is no good but then it kind of like went into like the saft era
where it was more like um vcs and you had to sign a form and i could like just be legitimate but i
did one of those and it still turned out to be a scam.
So that didn't really protect anyone, did it?
Did anyone get involved in either of those two eras?
I was after the ICO, but not too much long after.
So that was exit liquidity for everybody's ICO.
Yeah, I was part of that era for sure in fact I almost launched an ICO but um the irony was that we realized that we actually didn't need a token to do what we wanted to do in the end which
was hilarious because we put like six months of work into the this like massive platform
and then we got on the phone with someone who was pretty high up in the space that we were operating in. And he was like, yeah, but why do you need a token? And then we were like,
well, I mean, it would be nice to do an ICO and raise all that money. But like,
you know, we realized that we really didn't need one, which was great. And I think that
that's a really good wake up call to have early on in your journey, you know, not looking for
kind of problems to solutions, so to speak.
Yeah. How many projects can that be said for, though? It's a good
Yeah, I personally wasn't really a
what you think the next era is
Well, I was going to continue my history lesson
if you didn't mind me speaking, carrying so like uh the next part which i was definitely a part of was a defi
summer or d you know that kind of era that that interesting one where you put your tokens in
and i think they earned the yield of it for the funding and then you got the government's token
so they'd like stick it in like a contract where they could get the interest of it use that to the fund and then
they'd get the money from that and then you'd get the government's token like i know wi-fi was
a big one during that era and then there was the yams and based money i know i don't know what i
actually did with that other than a bunch of useless nfts but that was quite an interesting
way of doing it because they managed to raise funding whilst not taking the money off you but then like the next one was which i'm sure
we all participated in well as well as i can see from everyone's pfps here was when nfts entered
the crowdfunding space in 2021 which i think was a very fun era what did you guys what did you guys do up to in that time
like i i know i was in a bunch of stuff i'm no longer in i think like just to go to the quick
point where i'm thinking myself what killed that era was really when um they turned royalties off
i think that could have been a sustainable model for you know come for people to raise
do you need the initial funding to get something going and you know much if you manage the money
well afterwards you can keep it going but we're all the gents here so that isn't happening but the
the having a bit of revenue coming in every month could have allowed more sustainability so i think
that killed that one but what do you guys think about that yeah definitely i
think um well on hedera it's actually the royalties are enforced on the hashgraph so on chain um so
you as a creator of an nfd collection determine the royalties and it doesn't matter on what
marketplace your nfds get listed even if if people use um safe or secure trade p2p um your royalties are enforced so you
decide whether or not um you want the royalties on your nft collection and i agree that it um
it allows actually for uh founders to to continue building without the need to do another round
of nfts um and especially if your project is doing
well and your community is growing um you might get get quite some money out of the royalties
and that that can allow you to continue to build a bit longer compared to when you have no royalties.
I have a lot more to say about NFTs and crowdfunding,
but I'm seeing Liam raise his hand as well.
So I'll toss it over to him first.
Yeah, I think it's all good and well to say switching royalties off killed NFTs.
But if that's all it takes to kill NFTs, then that shows that there's really something wrong with nfts in the first place and i think that primarily what was wrong
with them is that they were just jpegs in that era they did nothing and i think in most web3
ecosystems nfts still do nothing and that's like that's cool like it's great to just have like an
art piece that's in digital format but like why else would you hold it other than to buy a cool piece of art to look at?
I think what's so cool about Hedera in particular is that the infrastructure that it's built on allows for NFTs to, for example, can represent like full-on decentralized ownership of an object
or NFTs that can act as a gateway pass instantaneously
to something like a concert.
So you can scan an NFT that's like a non-fungible ticket to a show,
and then that can be automatically burned instantly within seconds.
It doesn't take like, you know,
it doesn't matter whether the network is congested or not.
That transaction will go through in seconds because of the way that the network is built. You can gate like access to private chats for communities like they do on
Galaxy and like Kabila has with the plazas, et cetera. I think for the first time, we're seeing
NFTs that actually do things thanks to what the technology of Hedera offers. And that is where
the real value is at. And obviously, you obviously, let's say for argument's sake,
you created an ecosystem in which an NFT or a token
represented some element of a platform
and there was a royalty attached to that.
That royalty could be a microtransaction now
because the fees on Hedera are practically negligible
and you can have like 10 000 transactions
a second in a shard or something like that um so you can literally democratize anything you can
democratize a stream on social media you can democratize a play you can democratize a view
um like view can be tokenized now it's like insane so i think we're like redefining what an nft is in
a sense and so i think the reason n NFTs died is because they literally were just a
picture that was like on chain, but now it's like, we're transforming the whole
meaning of NFT and that couldn't be more exciting because that's really what
they were designed for in the first place.
But I think most ecosystem ledgers just can't handle the desires of most
individuals when it comes to NFTs.
I'm going to dial it back for Br bit because we're going to have to talk some
big brain stuff in a minute because I need to know exactly how Hedera works.
But first of all, I'm going to give a big thank you to Brave and Bat for letting us
host this space to everyone here.
If you don't use Brave, you're silly.
You're having a horrible web 2 experience horrible web
free experience and you should sign up and get basic attention for free every month great all
right so how what's special about hedera like i've heard about it quite a bit i've seen it about like
i know karate combat uses them and that's great like i've st, I've staked. So I, but like, I understand Bitcoin, you know, it's like the big old mining thing.
I understand like Solana.
that's kind of like a computer kind of like the,
where the fees are low and Ethereum that used to be a minor.
it's like proof of stake,
I know we'll have the massive take afterwards,
but explain it to me like I've got a brain the size of a bird first
in a couple of sentences.
He's not on his personal account.
I'm on the wrong account.
Normally I am a bird. Empire, you had your hand am a bird empire you had your hand up i think you had
your hand up did you want to answer that let me go for it sure no problem yeah no i just
had to anti-joke you there but um i hope you'll forgive me um so essentially as i'm sure you're
aware uh bitcoin runs on a block chain which is essentially a chain of blocks.
And each block is a collection of events, which we call transactions sometimes, right?
And before you can make a single transaction, you first have to essentially download every
transaction that happened before that.
And that makes it highly secure.
It keeps everything in order.
The system agrees on what that order is.
That's a blockchain, right?
And Bitcoin is the most secure blockchain,
which also makes it one of the slowest blockchains. And obviously, we have this kind of trifecta in
blockchain, which is security, speed and scalability. And if you improve one of those
three, you immediately sacrifice two of the others. So if you want security, you have to sacrifice
scalability and speed. And if you want speed, which some of the other blockchains have, then you sacrifice scalability
and security. And so that's kind of like where a blockchain falls short in a way,
but it kind of makes Bitcoin the perfect storm because it's this amazingly secure asset, right?
But there are limitations to a blockchain. I think the biggest limitation is that,
I mean, besides the fact that you can take over the entire network quite simply, I won't say easily, but with enough computational
power, you can wreck the network. But I think the biggest issue that it faces really is that
element of, well, wait a second, I can't have all three of those things. And really, for the perfect
decentralized system to exist, you have to have all three of those things. You need it to be fast,
centralized system to exist, you have to have all three of those things. You need it to be fast,
secure, and scalable at the same time. And no one's really solved that. But Lehman Baird solved
that in about 2020, 2021, when he invented what's called the hash graph. So with Hedera, it doesn't
run on a blockchain, it runs on a hash graph, which is essentially instead of a chain of transactions
that happen one after the other that everyone has to store before they can do anything. Instead, it runs on what's called a gossip about
gossip protocol, where it takes like a traditional gossip algorithm. And he essentially altered it so
that every node in the network, every machine in the network tells another node something arbitrary
with a timestamp about something that
they heard and then those people tell another random node about about what they heard and that
reaches complete consensus because like it can be uh because of the timestamp it's it's difficult
to describe in simple terms but it's not a blockchain if i was to give it a go is it putting
a high school high school on the blockchain like everyone's talking about everyone
and enough people say the same thing you're stuck with an annoying nickname for the next few years
that's exactly right that's absolutely right and then there of course there are the nodes which
data is pinned to um and the data that is pinned to nodes uh and when people stake their h bar they
stake to the nodes but essentially that helps pin data to the nodes.
And the data that is pinned to the nodes remains permanently on the network as long as the node exists.
Other than that, it's essentially just people gossiping about people, gossiping about people, gossiping about things.
And what's so cool is that that metric of like a single gossip can be compressed down to one hash of data.
So that's why it's called a hash graph.
And a hash is like an infinitesimal size.
So we're not talking about like a 300 gigabyte blockchain
that you have to download before you can transact.
You essentially just talk about what you last heard as the device.
And then that just goes on ad infinitum
and that stores the entire network perpetually
between all devices on the network.
And as the network grows in size it actually therefore grows in security speed and becomes more scalable the more devices are on there because more devices are talking about more devices etc
and therefore there's more storage uh etc etc so that's kind of the premise of it i think that's
as simple as you could break it down it's obviously a lot more complex um yeah no no i i i i get the concept now i'm very so it's but what i'm curious about is what concentration
of attention turns it from gossip into what what do you call it again like the not the node but
what what concentration puts it permanently? Maybe you can answer that.
Sorry, can you repeat the question?
What concentration of attention on the gossip
comes to the point where it becomes permanent?
Yeah, time to finality you're talking about.
Yeah, it's a couple of seconds.
Oh, wow. So people are just chirping for a couple of seconds and then it gets concentrated yeah yeah wow there's
been um uh study about that by i think solstice swap and i saw it uh come by recently um and it
compared that the dexes on the main dexes on layer ones in terms of speed and
time to finality and the sales swap that's the main dex on hedera finished the one in both categories
so it's actually pretty fast in in both ways and by the way i'm seeing a lot of age barbarians in
the audience and let's see i'm only seeing 11 repost now oh 12
now so i'm thinking that we can do a little better than that because i'm seeing age barbarian cube
ig man a lot of hashman uh community patrick maui was here he left jack diamond rebel evergreen
jordan um let's all repost this space and get even more age barbarians in
here that would be cool i've got to say i love the name h barbarian interesting how every community
has their as their own army you know bat brigade but h barbarians that's that's a good one yeah
right and then um if i wanted to add um a little bit to that story um from liam about hedera and then more
because i think uh liam was uh spot on the pretty theory um uh theoretical so in practical sense
what you can expect from a dara to add to that uh to make it a little bit more tangible maybe um
to make it a little bit more tangible, maybe.
Like I said, royalties on NFTs are forced on chain.
So that's a big plus compared to many other chains.
Fees, network fees are fixed in USD as well
instead of back to the token.
So if the price of HBAR goes up or down,
it doesn't influence the transaction fee.
So that actually makes it very interesting
for enterprises and entrepreneurs
because you can actually predict the fees
you're going to have to pay.
And you're not dependent on
what the price of HBAR will do to run your business.
So that makes it a lot more, it gives you ease of mind,
knowing what to expect in that sense.
It allows for enterprise to build with a bit more certainty on the network.
a bit more certainty on the network.
I think the other part of that is the governing council.
And it has, because the governing council
also runs the notes on Adara
and it's gotten some heat in the past
because it wouldn't be fully decentralized.
I'd argue that it's very well decentralized.
And again, if you're looking at entrepreneurs who want to build
on a network enterprises want to use network in their in their flows you want to know who's behind
the network you want to know who's calling the shots if um if certain jurisdiction jurisdiction gets through in the United States or in Europe,
you want to know that there's someone at the network on a high level
able to determine the direction of the network.
And you want to know that the network you're using
will actually comply with that jurisdiction.
And in the Indira Governing Council,
on every aspect, like DLA Piper is part of the council.
They take the jurisdiction for,
well, they take that up and they can propose ideas to the council.
They have to vote and then what the vote goes through or doesn't.
So in that sense, it's decentralized in a different way, but it gives you a more tangible
way of decentralization and governance of the network. So I think that's a pretty important
one as well. And then the last one, and then I'll shut up for a bit. You're actually able to code on the
network just in Java and JavaScript. So actually, all Web2 developers will be able to start writing
code and smart contracts on Hedera or start using the Hedera network in the coding language that
they already know. So they don't have to learn about Solidity or whatever.
They're pretty much good to go.
So that makes it real easy to get started.
Yeah, it is a real challenge getting people to learn a new coding language.
Solidity is a bit difficult compared to some of them if you don't already know it.
So what does Cabela itself do like i know now we understand how the blockchain
itself works what differentiates it from other crowdfunding platforms okay yeah so we're not
necessarily crowdfunding platform um but you can definitely certainly do that on cabela we're
the only one nft platform on the app.
So everything that you would need in your NFT journey, you can do on our platform.
So we've got everything from the wallet to the launchpad, marketplace for secondary sales, social FIDAP,
a bunch of tools to manage your collection, both fungible tokens and non-fungible tokens.
So everything is actually on the platform,
even in the process of minting.
You don't have to go to IPFS, store your metadata,
get your content identifiers.
Now, that's all happening in the background.
You just create a wallet, connect a wallet to the platform,
and then you're good to go from start to finish.
That's in short what Kabila is.
I actually remember seeing the demonstration
and being quite impressed by how smooth it all goes
and how many tools and options are available.
I wasn't sure if you were actually Bad Earn but now I know.
Yeah, cool to be here with you.
That's why there was a flop on the bird brain, Pelican connection there.
He's on the Bat community account but that is Bad Earn whose account is down below.
Yeah, exactly. Like I thought I recognized the voice and then you called him a
bird and i was like whoa there's actually a there's actually um a secret kind of uh nod to it
if you and moonbeamer's banner where you've got the pelican eye inside the bat community logo if
you want to check that out i'm going to check it out right now hey do you want to say something in part yes um so I think new gave a great like broad
overview of what Kabila is it's a platform where you can it's like a full suite of tools to create
nfts yeah but what those tools are is essentially a place where you can create an nft collection
which is like a container that holds nfts then you can mint nfts into that
container based on the like pre-specified conditions of that container that you created
and you can actually what's so wild is because of what the hashgraph enables you can actually
edit nfts after they've been created with absolute ease in seconds for almost zero costs
so if you mint an nft on like eth you're going to pay like $20 for a mint of each NFT.
I mean, that's what it was when I last used it,
On Hedera, you pay like cents
for like a batch of 10 NFTs.
So you can just create hundreds of NFTs
for a couple of dollars, which is incredible.
And then you can edit those at almost zero cost as well,
fungible tokens, you can create specifications of those fungible tokens, you can create smart
lists of your communities and manage those smart lists, you can identify holders of certain tokens
and then airdrop them NFTs or non or fungible tokens based on what they hold, you can specify
the amounts of tokens that they have to hold
in order for you to send XYZ amount of tokens to them, etc.
So it's like a full-on suite of tools to essentially what they call
like manage and tokenize your own community,
which means give your community tokens,
like fungible and non-fungible tokens that represent your brand
so that they're ultimately incentivized to care about
you and that's really i think at its core what could be l is i'm not gonna lie when i did look
at it it looked so smooth and handy like um the way the way like because i've tried i've attempted
to mint my own nfts on spot i did mint my own nfts on solana before and it was absolute ball egg and just
like the way you could drop people nfts and then on future drop them tokens or search through
tokens and see how many people have got and then drop people regard because of that yeah
just looked like a really really good process
compared to the alternatives like on solana was bloody using like a spreadsheet
and having to do all sorts yeah yeah so i'm actually seeing evergreen growers in the audience
and um and that's a great story that that uh shows how um easy and cheap it is to use NFTs on Adera
Because I had some calls with Evergreen.
And he told me, I want to create my NFT collections,
launch my NFT collections.
And I actually got in contact with a couple of devs on other chains,
and they were giving me proposals for 5K per collection,
10K USD per collection to launch it for me.
So I wanted to see what's up with Hedera
and how it works over here and what it costs.
So creating NFT collections, up with hedera and how it works over here and what it costs so creating an ft collection so setting up your token id defining royalty supply max supply etc will cost you around two dollars
and then minting the nfts will cost you around five cents five cents per nft um
oh yeah and then setting up a launchpad will cost you 20
if you want to but basically after you create the the collection mint your nfts you're free to
give them away or to uh at least on the marketplace if you want to so it's it's it's very cheap to do
so um i think that's um that's a great plus yeah, we can only do that because Dera is so cheap.
So yeah, we're really aiming for mass adoption here
because it's all microtransactions.
And then in the end, Evergreen learned how to use the platform.
And he, well, he's calling himself a dev now, I think,
because he knows how to do everything so uh yeah well it looks like uh looks like we're
looks like we're all in the mass adoption uh mindset here like brave one of brave's mission
is to get web everyone in web3 you know we've got like the built-in wallet and people like what i'm really
enjoying about it at the moment is that you can get on board people for free because you can get
people to people can install their own self-custody wallet and i think like it's
that is the being in web free is having your own wallet i consider like if you just keep your stuff
on an exchange you're just a trader so once people have got their own wallet you can get
then get like get them to accept on chain for free and i think that's just such a such a game changer
you know versus go go bomb our coin and then you have to wait you know they've got to put money in
to get it and like honestly unless you tell it tell them to buy like bitcoin they're just going to lose it in the end
yeah like um like i know so okay here's a question i'm just running off my head here um so
talking about crowdfunding in web3 what do you think the best way to onboard people is like we you can't
on you can't crowdfund if there's not people onboarded so how how are you doing that
go ahead go ahead in part so i'm of the firm belief that the only way that people are actually going to start caring about Web3 is if like massive corporations implement Web3 in a way that, you know, is both subtle and almost like invisible, but that still somehow draws people's attention to the fact that there's a Web3 element and that it's running on a certain like kind of layer one.
almost impossible task i'll give you an example if elon musk released x coin as a tipping method
on x.com and there was like a native wallet that was installed into x and that was run on the
hashgraph that would be a great onboarding mechanism please can elon musk create that
elon musk if you're listening to this,
We are all waiting for you to do that.
Elon Musk knows about that.
Can you please do that, Elon?
That would be a great idea.
My bags are begging you, Elon.
I've seen Elon launch many a coin on X to me.
I keep on sending him money. He says he'll give me two back, but he keeps on it keeps on offering like he wants sending
money he says he'll give me two back but he hasn't yet yeah exactly the price is the price is doubling
in the next five minutes you better buy yeah exactly um anyways but um we take a massive
onboarding event like that with one of the biggest platforms in the world i think the
the barrier to entry is that hedera is a growing community and because it actually works and so i
think it suffers from its own success in the sense that you don't even need a community to use the
technology and for it to work so it's being utilized and deep in and like in real it's
being utilized in the real world for like government stable coins and like you know deep
and decentralized ownership of property and things like that. And you don't need a community to do that. You just implement the technology. However,
there are definitely reasons to build and grow a community, but it's really up to the companies to
build and grow those communities themselves, which is what we're seeing slowly. So it suffers in that
sense because something like Solana is like a hype machine, even though it's frankly completely
trash. So like everyone uses Solana because everyone uses Solana and because there's so much volume on it and so much money to be made. So I think we're in a bit of a weird
phase now where people kind of go, like attention goes where the money flows. And so people are
going to go to Solana and those kinds of ecosystems where they can make a quick buck, especially in
the bull run. But eventually it's the platforms that actually work that are going to win in the
long run. But I think the best thing that we can do now
is to collaborate with companies
who haven't yet tokenized themselves
and to find amazing use cases for the NFTs.
So something that I feel comfortable announcing now,
but I actually, a lot of our community actually joined.
So I'm not going to tell them who it is,
but we're about to launch a large
kind of sports company into the space and we're
creating a set of nfts for them that is going to raise massive awareness around their brand make
them highly relevant in the web3 space but they also have like 400 franchise locations throughout
the united states and 11 000 league players in their sport and so when we start to tokenize
their brand and they start to talk about
that to their league members and to their franchise owners, et cetera, they're going to be talking
about a Kabila wallet. They're going to be talking about a hashback wallet, about the hashgraph,
about Hedera, and they're going to be talking about how to get the wallet so that their fans
and their players can get involved and purchase these NFTs. And so I think that as
brands utilize NFTs, leverage NFTs and what we're calling culture coins, which are ultimately meme
coins, but based around the culture of your brand instead of being a meme. So it's like a culture
coin around your brand. Once brands really start to leverage tokens and NFfts all of a sudden their communities are going to become invested in
that and as we see dozens and hundreds and thousands of brands doing that it's kind of
going to have a snowball effect like there is definitely a tipping point but it all starts
with actually introducing brands to the fact that like hey there are actually these options for you
now an nft isn't just a jpeg anymore like you can give
incredible benefits to holders of your digital assets without them having to own stocks or
shares in your company and to be honest stocks and shares are actually pretty boring compared
to nfts and tokens now they've always been boring they're not volatile enough. Spoken like a true DJ in there.
But a quick question on that alpha that you just dropped.
So you said they had a lot of stuff going on in the US.
Is it like an actual sport or like an e-sports thing?
Or what other information can you give us okay uh what watch watch the
audience okay guys give me like some reactions if you want me to tell you who it is right now
no not really man they don't want to know
And they don't want to know.
Look, stop doing the usual spaces thing
and cleaning your house for a minute.
and give us some reaction.
because they're all reacting now.
As I said, they had to dry their hands.
Go find their right hand. Okay, I'll tell you if you still want me to tell you.
Just DM us and, you know, screw everybody else, I guess.
JK. I don't know if you're joking or not i'm not i'm not but go for it go for it let's share the love it's always better to share the pie rather than have a big slice to yourself
then you can talk about how nice it tastes okay well look i'm i'm i'm gonna i love my i love my uh community so much and i actually really
i want i want the people here to feel special but um i'm tempted to not tell them but i will okay so
essentially uh they're called the underground bowling association which is going to click for
some people because there have been some bowling gifts in our discord for the past couple of weeks
um we're a kabila partner and kabila
referred this client to us that's kind of our arrangement kabila builds cool stuff uh but
they're not a consultancy for people launching impart is that consultancy and we help people
with zero upfront costs uh launch their nft collections and and with a successful raise
and so what we're doing with the underground bowling association
is that we're essentially tokenizing 200 of their league players they have 11 000 league players so
this is going to be the genesis the generation one tokenization of their league players and we are
doing 10 000 baseball card style nft trading cards on the hash graph of their players of varying
rarities and you will be able to trade these cards each card will have five traits and you're
going to be able to play these cards in a legitimate game where you're essentially playing
a game of bowling against another team of cards from another player and you're going to do that that's right and you're
going to do it on an app where you can also watch their league so they have like 50 leagues per week
that's how many leagues they have they are on fire they give away half a million dollars worth
of prizes a month across their 400 franchise league locations and essentially you're going to be
able to just like karate combat watch their league and bet their token which we're going to launch
for them on this app and on the same app you're going to be able to play that card game and bet
their token on that card game as well to win their token from your opponent and you'll be able to bet
cards as well you'll be able to upgrade
cards using your token etc etc and this is all really like what we're talking about with these
nfts like an nft isn't just a jpeg anymore you can play them you can trade them instantly you
can attach royalties to them you can upgrade them you can edit them like the sky's the limit you can
change the name you can change the image This is like a whole new world.
And we want the world to know about this. And I think that when we launch them and do this,
and it will be a success, like when we do this with them, other brands are going to be like,
we need to do this right now. And that's when we're going to see the inflow because we're
going to get media on board. We're going to get press coverage for this so that people know that nfts aren't
just like some fad they're here to stay and they have real purpose for brands
well that sounds cool um yeah it's interesting and i love that uh you guys are exploring new ways to
utilize nfts um and in ways that are more meaningful more you know engaging that's that's
awesome congrats on that hope it goes well keep us posted on that like it will and i'll definitely
keep an eye out for it but uh kavila had a hand up so yeah feel free to jump in yeah so now it
seems like sports leagues will um find their way to it more and more.
Because everybody knows Karate Combat in Web3.
And they're launching up layer 2.
So there are a couple more sports leagues looking into utilizing Web3 to tokenize their league.
And one that's coming, one other that's coming, is the World Calisthenics Organization.
Calisthenics is actually a pretty young sport.
So that makes it so that there's actually a CEO and founder of the sport, which is kind of weird.
Because most sports are older than that.
And there's not really a founder of it.
the founder of it, but for calisthenics there is.
But for calisthenics, there is.
I don't know if you guys know calisthenics.
I don't know if you guys know calisthenics,
but you're basically doing a bunch of stuff
And it looks like the gymnastics, but then cooler.
And yeah, the UBA actually contacted the HBAR Foundation
because they wanted the grant
and they wanted to do something with NFTs.
And the HBAR Foundation usually sends those companies
or projects, sports leagues to us
to help them get started in the NFT space
because we have all the infrastructure they need
and we can help them with strategy.
But obviously we can't be hands-on when it comes to marketing if they have the intention to
do something with 3 but they don't necessarily know how to market it or they don't have someone
who can do their x or or you know that sort of stuff obviously we cannot do that for them or
create their um their their brand visuals for. So that's where we partnered with Impart. Um,
and it actually, um, well, it's a young partnership. We just did that, but, um,
uh, we were actually kind of stuck with the UBA because they, uh,
it was hard to, to, to move forward for them and now they are. So, uh, yeah.
Uh, bad earn, by the way what's your i forgot what
your your real name is it seems a bit weird to call you better well i we are in a weird space
so my name is bad no it's adam all right but i generally everyone calls me bat and because then
it's one less piece of information the government can use against me when they're trying to hunt me down
all right i'll just call you better than then but it's all good it's it's everyone knows it's all good it's a fake name anyway no but i was gonna say if people need marketing brave's got bloody
80 million active active users every month so if you need some help there
users every month so if you need some help there
how are you doing over there in part what what so you do marketing as well
okay so essentially um our primary goal is to create a decentralized application that makes
people care about creativity again and and it's definitely a part of incentivizing people to care about creativity.
My business partner, Daniel, is in the audience, also a creative.
And essentially, creatives have been absolutely and utterly trashed in the world.
Every creative inverted commas platform literally just feeds people generic garbage
and doesn't incentivize people to care about anything.
All those platforms care about is that people use those platforms.
That includes Spotify, Netflix, YouTube, Instagram,
Fakebook, Netflix, all of the good stuff.
They literally just want to addict you.
All they care about is how long and how much
are people using our apps for?
Let's maximize that number.
And that unfortunately leaves creativity by the wayside.
And so we're creating a decentralized application
where you can do all your favorite stuff,
such as stream music, listen to podcasts, read books,
view and download digital art,
shop for creative products, read audio books, et cetera.
Or you can't read audio books, listen to audiobooks, right?
And where creatives can ultimately upload all of their work,
there'll be all the stuff that you get on all those platforms
I just mentioned already, like Spotify and Netflix.
All of those catalogs will be on the app,
but you'll also be able to upload directly to the app as a creative.
And then you can essentially tokenize in the background.
And I say in the background because, you know,
we really believe that an impeccable user experience is important here.
But you'll be able to tokenize your songs.
You'll be able to tokenize your artworks, tokenize your books,
And when people hold those tokens, whether they're NFTs or fungible tokens,
whatever you want to call them, for your average user,
they probably won't even know it's an NFT on this this app they'll just know that they're investing in something
they're investing in a song they're investing in an album they're investing in a film they're
investing in a director and a producer and a sculptor and an artist right when you're invested
in something all of a sudden you you actually incentivize to care about what you're invested in
so we believe that by adding that investment layer to the creative platforms that exist we will actually incentivize people to care about
what they're listening to what they're watching what they're consuming because it's like hey i
actually stand to gain something by caring about this and i think that will shift public perception
on what creativity is and what like good art actually is because right now people have no idea like
people's understanding of art is rock bottom it could not be worse like it's sad so that's
our ultimate goal um but obviously to do that we're going to need uh quite a bit of support
so what we've done in the meanwhile is we've uh kind of partnered with we've launched some nfts
of our own which we've uh called the Impact Global Passes.
And we have about 80 pass holders of those 100 passes.
And they're like our earliest supporters and they believe in our vision and support us.
And what we've done is essentially that like if you hold those passes, then you get certain benefits in our future platform and the token that we'll be launching.
get certain benefits in our future platform and the token that we'll be launching.
But an immediate benefit is that in our partnership with Kabila, we've created this
launch pad where we help people launch their NFT collections.
And our pass holders get like first pick at those NFTs.
They get an early whitelist in three rounds, three exclusive rounds for the pass holders.
So what we're doing to fund ourselves while we design and build this app is
we're helping people launch their nft collections with zero upfront costs once again because we know
that creatives you know they came into this world to create they didn't come into this world to
learn how to market and use social media and all of these platforms and do graphic designs and post
engaging content that's too much for a creative so it's mainly the little guy that we're there for,
but we also, it turns out we're launching
some pretty huge projects too, which is fantastic.
But ultimately it's just like to sustain us
while we kind of follow this vision
that we've had for a few years
to build this decentralized application
that really solves the issue that has plagued us
and many millions of other creatives for many many years i guess also with like particularly with the advent of ai people
maybe want to get more back to authenticity and if you can directly support someone who's creating
something then that's going to be a good thing isn't it and like like think about what you're saying so is it like say someone writes a song and you're like oh that song's ace like you invest a bit in
it and then if the song takes off you get it goes up is that how it works uh it's even better than
that so for argument's sake let's say i release an album okay i can then tokenize that album into
let's say 100 tokens that you might
call nfts but let's just call them shares for ease of use because your average person isn't
going to necessarily even know what an nft is on this app it's just going to be like invest in this
album there are 100 shares left each share is x dollars you buy a share in that album when that
album gets streams you get like a portion of those streams in revenue shares now that constitutes
the selling of securities technically speaking but we're hoping to get approval to actually have
all that done but it is pending approval but there are also ways around that where you're not
technically selling securities in that case but ultimately that investment element is imperative
so you might actually earn when that song or album or artist gets plays there could be a song nft so
you only earn revenue shares when that song gets played or there be a song nft so you only earn revenue shares
when that song gets played or there's an album nft so maybe you get shared earnings for every
song on the album if you own an album nft or there might actually be an artist nft where you get a
share in that entire artist's um streams or views or downloads or sales or whatever it is or listens
etc etc and then our global pass holders will essentially get a percentage of every single transaction on the entire app.
So that makes the impact global pass quite a valuable asset in that sense.
Nothing I'm saying is financial advice, and that's all pending regulatory approval.
But that's kind of what people were aware of from the start, I suppose, our kind of private following who we were chatting with about these things and you know once again i believe that this this revenue sharing
element is actually genuinely the biggest value add that an nft can have period there is no greater
value that i can give anyone than hey invest in this and then like later on when i'm successful
you're actually going to earn back the money that you invested plus more ad infinitum as long as you hold that NFT.
But hey, if you get bored, you also sell that NFT on a secondary marketplace and then someone else will get those benefits.
But it doesn't end at a revenue share.
It could be that if you hold this album NFT, maybe when I like, you know, release that album as a vinyl, you get a free vinyl airdrop.
Or maybe you get some free merch or maybe you get a free concert ticket or maybe you get access to a free chat room with me as a
creative so creatives will be able to actually uh kind of set the parameters of benefits for those
shares in whatever creative pieces they want to on this application but there's obviously no pressure
to do that it's not like every single song and every single album will be tokenized although technically speaking they could be
right so i hope that that makes sense let me know if it doesn't no it makes sense but a quick off
the side point before i pass it over to camilla again um for ages i thought nfa because i always
used to see it's like put after people's posts i used to think it meant no fucking about like just do it kind of thing anyway camilla let's go over to you i love that i think
we can we can use that as well no fucking about i didn't i didn't know that but um yeah let's go
for it um yeah actually liam touched on a point there which which I think is very valuable in Web3 crowdfunding.
But we talk mostly about the experience and the extra utilities you can attach to NFTs compared to Web2 crowdfunding.
But I think a very important issue as well is that if you crowdfunding Web2,
well is that if you crowdfunding web 2 you basically have to wait until there's an exit or
there's dividends shared it's not it's not like you can sell your position within
that startup easily to someone else but in web 3 you can like if you if you have an nft you get 24 7 you can sell your position in a
startup and if it did well if it disappointed you're gonna lose some money if it did well
you're gonna make some money but uh if someone else comes along and and they're very excited
about the project too you can actually sell your position to that person without the need of a middleman.
Just imagine how chaotic and horrible this will be to try to make it possible for your investors in a Web2 crowdfunding platform to be able to resell their position in your startup 24-7.
There's no way to do that.
It will be slow. it will be expensive. It just it just wouldn't work. All the new the new buyers would have to make themselves
known with the middleman. And it just it can be done in Web3. You can and the fact that it's more
be done in web3 you can and the fact that it's more liquid would make it more um interesting for
people to step in in the first place i think because if it's a the start of your investing
and show some success within the first month you'll actually be able to get out after a month
um and because you're able to resell your position, you open up your project, your startup for new people, for fresh money, for fresh blood to enter your project and go support you without the need of a second investment round.
You're not stuck to that first group of investors.
It's very dynamic and you can keep growing your audience and community with the first round of NFTs that you sold.
And with that, we touched on it, you have royalties,
which actually make for a continuous stream of revenue
So it's so much more dynamic in every sense
That's what I wanted to add.
And I see that Liam is dying to jump in in always um i think what you touched on there that it would be so chaotic if it wasn't for web
three is just so spot on so right now hedera can do i'm not sure if you guys are aware
uh the network can handle 10 000 transactions per second but their plan is to actually shard that as
the governing council grows so essentially we're talking like if they're 10 shards that 10 000 becomes 100 000 if there are 100 shards it
becomes a million transactions per second so ultimately eventually what we see happening is
that like on our platform as a play happens there's a microtransaction which splits that play
into every single person's wallet who owns a portion of that stream or that
play or that view or that watch now think about this in the context of both uh fungible and
non-fungible tokens if there's a royalty attached to data itself i think this is something that
people haven't really thought about like let's say i'm using x.com right now there's valuable
data in how i'm looking at my screen how i'm scrolling on my's say i'm using x.com right now there's valuable data in
how i'm looking at my screen how i'm scrolling on my screen i'm staring into the camera what my
facial expressions are but i don't own that data but eventually i will own that data and that data
can be tokenized and proven that i own that data and then that data can be sold on a secondary
marketplace to brands as a token and when they utilize that data then i essentially
get paid when they buy it but then if they want to sell that data on as cookies to additional brands
then it's provable that i am the originator of that data and i can actually receive an automated
royalty on every single sale ad infinitum of that nft that represents my data share in x.com and so like
think about what i'm saying here it's like an absolute internet of things like down to the
stream down to the bite of data almost it's crazy to think but it requires a system that is ultimately
infinitely fast infinitely scalable and practically 100 secure um to do and that's why we haven't
and people are still chasing meme coins on Solana.
and everyone in Hedera truly believes
that Hedera is that network
that will become the global standard
for these things that I'm talking about.
And there's only one reason for that really.
And that's because no other layer one can do that at all.
They're not even close as far as I'm aware.
And perhaps there are some
that are doing something a little bit similar or maybe are calling themselves a DAG, but they don't have
Google on their governing council. They don't have Boeing on their governing council, et cetera,
Standard Bank. Hedera's governing council and the fact that they're invited to World Economic
Forum and Davos, et cetera, and are expanding globally is a sign that something is going on with the top
corporations in the world. You know, the fact that Elon Musk is aware of the existence of Adaira,
he's part of the American government now, there's definitely something going on, but we see that
this is the network that is going to pave the way to the future of both the internet and of AI,
because it's also the only thing that can actually regulate ai effectively in terms of
ownership of data and how that data is utilized as well but i see new ones i was going to quickly
say nothing nothing regulates society like gossip you do something silly everyone takes the piss your stuff anyway it passed out to come out and come out and get some stuff
i what i think i think i'm gonna be stuck with dada dada in my in my head for the rest of the night
but um no i i uh we're used to doing uh capi plaza which is in hedera space um and i'm realizing that we are on the cross-chain space
liam so please don't don't bash the other the other layer ones like this we know no no no no
a brave we are blockchain agnostic bat is on bat is on multiple chains we are you know we'll figure
out the bridge to hedera you know exactly like it is it and also i think the the future is going
to be multi-chain to an extent anyway like it is like chain link we'll just link them all up so
yeah i agree but excuse us for being hedera no no it's all funny you've got you've got to shill
your bags relentlessly you know like if you don't if you don'tlessly. If you don't believe in yourself,
then who is going to believe in yourself?
Anyway, so we'll get this last point in
and then I'm going to be closing it up.
But I wanted to jump in there.
And then I've got a couple more points to make.
Awesome. Awesome. I've got a couple more points to make. Okay. Yeah. Awesome.
I was scared for a minute that I wouldn't be able to talk about this.
But I think that Liam touched on something.
And I don't remember exactly what it was.
But it made me think of decentralized social profiles.
And okay. That has not really anything to do with
crowdfunding but i'm very we're very excited about that with kabula and we're actually working
on uh creating a stand why are you laughing better hey what's funny about this i was just
laughing at the the space stopped being about crowdfunding a long time ago okay no all right
The space stopped being about crowdfunding a long time ago.
People always take my laughing and react badly,
but I'm just chuckling away at life the entire time.
If you've ever typed with me, every sentence just ends with lol.
So if I'm laughing, it just means I'm happy.
Okay, that's great to know.
It's good to know that you're happy.
But now, I lost my train of thought now.
Decentralized social profiles.
Yeah, that's what we're working on in Kabbalah.
And I think that that's going to be great
when you're using social media as a content creator,
you're using X, Facebook, Instagram, whatever,
you exist as a profile on that platform and your followers the connection
with your followers only exists within that specific platform if you get banned if the
platform goes down or if you want to use a new platform that you find interesting
you have to start from zero and not just with your followers, but with your complete identity, because all the posts you made, it all exists only within that platform.
If we have decentralized social profiles, you would exist as a person on chain.
And then, well, the next we need more, more than just decentralized social profiles.
We also need standards for content creation, which I'm sure we're going to get.
If we have both of those,
so decentralized social profiles
and standards for content creation,
it means that I can go to a social platform,
a social decentralized platform,
and I would create some content
and everybody who follows me as a person
and is also on the platform
will be able to see my content because they follows me as a person and is also on the platform will be able
to see my content because they follow me as a person instead of my profile on a certain platform
and if i don't like that platform or they start charging insane amounts on uh on advertisements
i can go to a different platform and start creating content there and everybody who's on
that platform and follows me follows my decentralized social profile will see my content there so what happens then
is obviously there's a competition between those platforms um right now the take rates on on the
social media platforms are insane and they can do that because as we all know they are wild garden so it's very
hard to leave well you can leave but your your profile or your identity on that platform will
stay there and your connection with those followers will stay there you can't take that
with you but it just web3 is in that case more like email if you have someone's email address you can send them an email um even if if
gmail goes down or hotmail like you don't need your specific provider to be able to reach someone
if you have an email address same thing with with nfts someone is holding your nft that means your
connection is on chain and you can never lose that well unless your your layer one fucks up,
but we all assume that that won't be the case because your connection with your community,
with your followers is on-chain
and nobody can take it away from you.
And the last thing I will say about that
is that when take rates go down,
so instead of a 90% take rate,
platforms handle a 2% take rate, instead of a 90% take rate platforms
maybe even a 1% take rate,
all of that money will be pushed
to the edge of the network, to the sides,
instead of remaining and being sucked up in the middle
with the actual company behind the platform,
which will make it very interesting
for entrepreneurs to build on that social platform
and to build out the the standards around content creation further it'll be even more interested
interesting for content creators to create content so the quality of content will will explode
because you probably wouldn't need a massive following anymore to to
be able to live from you'll i'm guessing you'll be able to to to get by if you have a community
of around two three four thousand people who follow you who love your content um and and and
that's again what liam was saying you wouldn't need to play the algorithm anymore.
You wouldn't have to talk about what everybody is talking about to earn some money.
You can go into tight niches, into your very expertise, talk about what you love.
Because even if there's only 100 people who are really excited about the content you're creating,
and they'll be able to tip you some money, because that's also easy with Web3.
We have that on our plazas as well.
If you love somebody's content, you can send them a tip.
Like, I really enjoyed this read.
Let me send this guy 50 cents.
Well, if you have a community, a real community of 1,000 followers,
and everybody is sending you 50 cents every once
in a while twice per month you'll you'll be able to to to get by maybe so that will
change the way we think and the way we about and the way we know social media so i really
thinking that um there's an interesting couple of years ahead and on that front
well i'm very excited by the idea of being able to survive just by being able to be entertaining
enough for 4 000 people that sounds wonderful but to wind things down a little bit i'd like to give
a quick shout out to moonbeamer for sorting this all out you know she just won't got the
because it's been so much wonderful work
and, like, connecting our communities together is amazing.
I know you guys are in the Hedera space
that might even be involved with you,
but could you tell me a little bit about the top flight football, please?
Because I'm always hearing her talk about it
and I'd like to hear it from you guys.
Oh, yeah, definitely. If you don't want to get moonbeamer up here that would be cool as well if she wants to talk she can but i i think she might be a little busy so if she puts her hand
up we can put her on otherwise you two can do it for us yeah so i think as we as i said before most
people know karate combat it um it uses web3 and their their karate token
and i think liam actually touched on this as well talking about the uba so actually now now i'm i'm
starting with my sorry maybe it's it's better suited for liam what do you think we should take
this um yeah look it's fine i mean i think i'm happy to but at the same time i haven't spoken
directly to anyone from top flight i have heard them speak on your space i've checked out their
platform so i generally do know what it is but i think you might yeah no no no no no don't put
anything out of the prime in the private space something that's in the public as well i don't
want to get anyone's to put anyone's feet in the fire, you know.
We may just have to do another one.
Yes, yes, that could work as well.
I just put on a nice little shout out at the end.
The top left would definitely be in the spotlight.
a great idea to have them on sometime as well.
able to bet on actual football
games for now with Karate
up if that's correct, Mumi.
it's in the karate app you have to use the karate tokens kind of like the karate combat just for
football or as we like to say here soccer yeah yeah exactly and then there will be a football token launched on uplayer 2. So they'll have their own token.
And, well, more up-only gaming projects will join the Crying Combat app.
And I believe Top Flight Football is the first one to join there.
And obviously, there are a lot of football fans around the world.
So, yeah, I think a lot of people are excited
to be able to bet both on Karate Combat.
You know, they have an event every month
and there are many more football games.
So it brings a bit more dynamic
in what Karate Combat has to offer as well.
I think it's a very cool,
very interesting project.
stick with football myself.
so I'll take that as a win.
Thanks He just quit after that
are you aware of what Up Only Gaming
is because we're talking about that but
you didn't mention it yourself so are you aware of what up only gaming is because we're talking about that but i'm we haven't you didn't mention it yourself so are you aware of what up only gaming is
no not no i'm vaguely familiar with it uh but uh definitely probably could do a whole space on
figuring out how that all works yeah no it's okay so in a nutshell uh karate combat was like we have
a really good thing going here with our app
and league let's white label our app and essentially allow any sports brand or any brand
really to create their own version of our app for their league and they can instantly use our karate
token for betting but they can also create a gateway for their own token to be utilized as well
but they can also create a gateway for their own token to be utilized as well so it adds a whole
new plethora of functionality inverted commas to the karate token i suppose what it really does is
it like almost makes the karate token infinitely deflationary because if you think about it there's
a limited supply of the karate token but the more apps that and once again not financial advice um
but the the more apps that utilize up in gaming, not financial advice, but the more apps that utilize UpWinny
Gaming and use the karate token, the more leagues there are with karate being bet on,
which means the less karate can be bet in each individual league.
So it fixed, I think, a longstanding problem of the karate token, which is essentially
that it's like inflationary until the point of maximum supply being released because you
essentially bet on the games, but you can't lose you can only win and it's like you know they
release tokens every month for people and it's like okay well that that sounds great i love
winning all the time but what happens once all the tokens have been released number one and number
two i mean you're essentially infinitely inflating the supply until max supply. So that's surely not good for price action, right?
So it kind of counters that in a really positive way.
And I think that, you know,
that obviously benefits karate combat as well,
because anyone who knows about a secondary league knows about karate combat
and knows about their token, their token gets extra utility.
So that's kind of what it's about.
So Top Flight Football is built using the white label technology of karate combat
for their own sports league which is football based instead of martial arts based like karate
combat right no that's a great explanation appreciate that also really appreciate you
spelling out the uh not financial advice and not just saying in that page so I didn't get confused
you're welcome all right all right Kabila final thoughts yeah yeah definitely final thoughts so
we probably gotta be careful with any statements around karate combat because we got a an expert
in the audience I've seen Nick down. So I'm anxious to say anything
because Nick probably knows better.
But it's been generally great
to see a lot of familiar faces in the audience.
So shout out to all the Age Barbarians
showing up to this space.
And thanks for having us, guys.
I know we're wrapping up.
So yeah, thanks for having us on my side.
It was great. Great to be to be here oh now nick's laughing
i think there is a delay in those emojis man love to see you nick
well thank you all for coming thank you everyone for listening and let's all support creators in
our own way and crowdfund the future of the world being better through web free
cheers everyone goodbye and don't forget to install brave browser because that's why we're yeah
stay brave baby right now cheers thanks guys bye Thank you.