All right, welcome everybody. We'll just take a few minutes here to get everybody set up and get the panel up here and then we'll go ahead and get started.
David from Steaknerroars.com, I did send you an invite to speak, so if you want to just accept that or request to be a speaker and I'll bring out.
All right, we've got most of our panel up. We're still working on trying to get David up, but I'm sure we'll get him up here shortly. I'll go ahead and get started with an introduction. Welcome back to another Hederik system Twitter space brought to you by the HBAR Foundation. I'm Brandon and I'll be your host. Today we're
We're going to get into the crypto and HBAR economy with an update from the HBAR Foundation Crypto Economy Fund. On the panel today, we have Grace with the BD team that is assigned to the crypto economy fund. We have Andrew from Validation Cloud, David from StakingRewards.com, and Jason from Third
who all provide services that are going to come in handy for those that are building and using the HBAR economy. If any of the panelists have something you want to add, you can jump in at any time, or you can raise your hand and I'll say a way to you. We also want audience participation, so if you have a question,
or comment, just request to be a speaker and I'll bring you on up. Alright, let's get this thing kicked off. I'm going to start off with Grace. To start Grace, can you define what the crypto economy is and what are the goals of the HBAR Foundation's crypto economy fund?
Hey Brandon. Yeah, thanks for organizing this day and just to give quick introduction and I already introduced me to the group, but I work on the Crypto Economy Fund at the HWR Foundation and I'm excited to announce
these partnerships, or talk about these partnerships today. So thank you again Brandon for organizing this and posting this today. To answer your question, the Crypto Economy Fund at the Foundation is really focused on advancing economic possibilities
on the Hedair Network. And this year we have a few overarching goals including interoperability, liquidity, retail access, and institutional adoption. But as many of us know, we operate in a developer's world. So in order to
achieve these various focus areas, we must support the technical infrastructure that makes these goals possible, which will become clear from these groups that are speaking today. We also are very focused on providing adult developer tooling necessary.
Thank you, Grace. One other thing that I might want to get into today is EDX. Of course, they've joined the exchange landscape in the crypto space. Of course, it's a very hot topic. If any of the panelists want to kind of ideate and think about that, we'll probably get into that in a little bit.
But first, I would like to get to the validation cloud team. Andrew, you're an infrastructure provider. Can you just give us an overview of what validation cloud does as a platform? Absolutely. And thank you again for having me today, Brandon. For those of you that don't
know I'm one of the co-founders and CTO of Val Edition Cloud. And what we do, we're a Web 3 infrastructure company that provides a fast and scalable platform for organizations to interact with the top commercial ecosystems like Cedera. And our platform includes node API and data
as a service, as well as non-custodial staking. Our technology sack was purpose built for the needs of commercial applications in these ecosystems with global low latency, high throughput, and compliance in mind.
All right, understood. I do want to tell David down there. We are trying to bring you up as a speaker. I know we're supposed to have you up as well. You do have to join in mobile. So if you're joining with your computer or something along those lines, that might be one of the reasons why you can't come up as a speaker. But I do want to continue on
with validation cloud. You know, you tout yourself as an enterprise-grade provider, which would seem to fit really nicely with what we have going on in the Hedera space. What makes your platform enterprise-grade? And can you tell us about some of the projects you're working on and working with?
Absolutely. So when we talk about enterprise grade, we like to point to three core pillars of the platform, which is performance, resilience, and compliance. So on the performance side, we are proud to have consistently ranked number one on Compare Notes.
as the fastest global node infrastructure provider in the world. And we're not only number one globally, but it also measured regionally number one across North America, Europe, and Asia. On top of that, we facilitate high throughput for billions of calls
through the API, which really unlocks next generation applications to be possible through the platform. On the resilient side, we're not only high uptime, but we've implemented, and the engineering teams worked really hard on layers of self-healing
and global smart routing to maintain your connectivity into Web 3 through the platform, which is a single URL placed in your application. And then compliance, we've also worked hard as a company to strive for SOC2 compliance, which is really the Web 2, not only a Web 3,
gold standard for infrastructure. So those are really the core pillars that make us enterprise grade. And the other part of your question in terms of projects, I'll mention our work, perhaps more specifically in the Hider ecosystem that's ongoing is respect to mirror
nodes. So for those that are not familiar, mere nodes are the nodes in the Hedera ecosystem that receive information from consensus nodes and they store and preserve the history and enable historical querying of data from the public ledger.
So with our platform, you'll get to access mirror nodes, whether you're an application developer, an explorer, wallet, auditor, and more. You'll have need to access and have performance access to mirror nodes to do things like transaction and
analytics, audit, historical transactions, or monitor on-chain activity for event-driven workflows. So in mid-July validation cloud, we'll have open access on this platform to mere notice the service, and an RPC relay to read and write to the Hedera network.
All right, understudy, Andrew. So one thing that I've always wondered about is no reliability uptime, you know, and especially with mission critical or platforms that are focused
on middle mission critical applications like Hedare, it can become very important. What are your thoughts around node reliability and making sure we have good uptime on the nodes that are running these networks?
Yeah, absolutely. You know, nodes are really the lifeline into Web3 ecosystems. There's, you know, the gateways through which all read and write activity happen on a blockchain.
And so it's tremendously important that those lifelines are not cut off. And so what we've built is a global scale platform. So multiple regions throughout the globe that are optimized for performance. So you were tapped in
as a user to the closest set of infrastructure, the closest point of presence in order to receive a very low latent and high throughput response, but that global architecture also doubles as a resilience mechanism.
There's more layers in it as well, but you can think of we use that global network to automatically reroute to different areas on the planet if there's ever any regional failures. So there's tremendously high resilience in that global architecture.
All right, so that's the one thing I know all of the nodes right now in the Hedger Network are run by our government council members But I see some people down there in the audience may from hashback. I see them as a good contender for potential
trusted mode, which is going to be the next phase of decentralized decentralization for Hedera. So I'm sure they'd be interested. All right, I do want to move on to David. I think we have you up here. Can you hear me, David?
Yep, leading there. I'm doing excellent. Thank you for coming on today. Of course, you're from StakingRowards.com. Can you tell us about your StakingRowards platform just in general and why you and your team decided to move into the staking space?
Yeah, absolutely. So staking rewards.com was born out of an Excel spreadsheet around 2017 and from there, it grew to be the leading data aggregator for staking. So we're actively tracking data on 170 assets and thousands of different staking providers such as validation cloud.
And yeah, we're focusing on the data side. So we have an API that's used by the likes of Bloomberg Coinbase Kraken and a lot of other crypto exchanges. We have a staking provider due diligence program that allows our users to have a better insight into the operations of the staking provider. And then we also have a staking summit event, which is the leading
staking event that happens annually this year in Istanbul. So yeah, we've been focusing on staking specifically since 2017 and the aim is to keep going. So excited to have had our own board recently. Yeah, certainly exciting. And why did you decide to support the H bar ecosystem and the H bar economy?
Like I mentioned, we have a data API part and we have quite a few clients on that side that were requesting Hedera and we've been looking into it. So based off client demand essentially and a lot of our team are believers in the
product to. So we decided to integrate it as things possible. So we were working with Grace to get Hedera on board. We also have HUSDC on the website as of last week. You know, it's certainly good to get
Some of our HTS tokens involved as well. Of course, they're going to have their own programs. We have Dove who that has their own staking program. And that's only going to continue going forward. Grace, from your point of view, why is it important to have partners like stakingrewards.com?
Yeah, I think staking rewards was really important for us as far as visibility and awareness. So in the DeFi space, a lot of users use staking rewards in order to find out the best
place to stake in the best yield. So we're very proud of our partnership with Staking Rords and where we fall on the map as far as high yield opportunities on their top 10.
Yeah, certainly good to have partners like that. So I do want to move over to Jason from third web. Can you tell me about what you think of the importance of good developer tooling that you certainly provide and what that can do for a crypto ecosystem?
Jason, can you hear me? I see your unmute.
We had Jason it looks like dropped off. We'll try to bring him up here again
How about now Jason here? What's up I clicked on another space. No problem for killing. Well, so if you want to build anything, you know, in Web 3, you know, congratulations, you there's like all sorts of infrastructure that you didn't know about. You may think you know about
at all, and you start building your app, and then you learn, "Oh, I need wallet connections are not super obvious," or like, "Taking a fiat on ramp so I can take credit cards." There's all sorts of things you discover, and it's difficult to learn all those things, and that slows you down, because
You're building something, you know, you've read all the blog posts by Polygram and you need to build something quick. You need to put it in the hands of users and then measure what they do and the learn from those measurements and then come up with ideas and how to iterate. That whole cycle is super slow in crypto because
Developer tools are only like a recent phenomenon in the industry. Developer tools that have pre-built components that do certain jobs for you that best practices that normally require hundreds of lines of code. And so there's free dev tools like third web.
that have everything you need to build a full app. So that way, you don't need to spend your time, like rebuilding things that have already been built, you know, the core infrastructure, the outline, you know, the skeleton of your app with great, with DevTools like Third Web, you know, you can focus on what's unique about your product.
was unique about your business logic and focus on that, build something new. That way you don't need to tell your investors, like, "Yeah, I spent the last few weeks building things that already exist just to get to the starting line." So I think we'll see builder cycles accelerate.
Yeah, that certainly makes everyone who builds everyone who builds stuff in crypto if you meet them today like I don't know like they all have really particular personality type. It's kind of like when you meet developers in general like they're all a particular type of person and
You have to be that type of person to be interested in all of this stuff and then become a developer. So right now all of the ideas come from one kind of person and it's the kind of person who can actually figure all this out and so dev tools make it
easier and easier and more people can build and we get a greater variety of stuff. That is one thing we're seeing a big expansion of though we have a lot of idea people who come up with great ideas but they don't necessarily understand all that developer tooling that's out there and is now
So we have development partners, of course, that are building in the space and then, of course, infrastructure providers like yourself and DevTooling providers. But Jason, can you tell us about the types of Web3 apps and businesses developers can focus on and build, you know, beyond Web3?
I mean, if we were to go back and I always give this analogy of the last maybe two years reminded me of when the app store opened up on the iPhone and Android and the first apps, they really were all just apps that demonstrated what the technology of the smartphone was like you'd have the night sky and you'd hold
your phone up and you would see constellations and that really just like blew your mind because the screen changed as you moved your phone. And really that just taught everyone like yeah there's accelerometers in this device or there were apps where you would tap the screen and the lighter would turn on and like you're like wow look I got a lighter but really it's just showing you touch
screen. And I feel like a lot of the projects, a lot of things that have existed the last two years are like that. Like NFTs profile pictures demonstrate, yeah, like digital ownership. And these tokens are non-fungible. How about that? And you can send them around. And so I think we had a wave of like, yeah, you know, me too, sort of like NFT projects
There's some NFT infrastructure, but now we're starting to see people just, you know, do fandom things like, hey, make a Shopify store, give your fans, give people in your community a way to like earn some sort of token that puts them in the community and let that token unlock discounts and like, you know, more access to the community event.
and who knows what else you can come up with. So that's one round, commerce. And other is social. Some of the biggest apps on third web that use the most RPC calls every month are all social apps built on like Lensster and Orb. We're seeing lots of platforms like Mirror Doing Things where
they have their platform for content but they've added a minting capability that's a part of their business and that's a behavior people really like in the same way that people like liking Facebook posts and tweets, people like minting a blog post. We're also starting to see games like
everyone says this, but games take two, three, four years to build a good one. It's only been two years since like JPEG Mania. The ideas that came from JPEG Mania that were really simple like I was saying before, the time
takes for that idea to like land with entrepreneurs, have those entrepreneurs raise money and then build a game and then take that game to market. That takes three or four years. So like we're seeing the first really good games come out. That's the thing on the most bullish on is these games. So games, social, commerce, I would say these are the biggest things, even though like
the pie chart of third web's graph of products is mostly NFT related. It's trending in those other directions because our imagination, like we have a better idea of what has product market fit now. Well, that's what we see. I mean, the first thing you do with these platforms is money, but then it expands from
There are so many things you can do with the DLT platforms. Grace, I do want to go back to you. Of course, we're talking about the crypto economy, but we have some teams on here that provide the tooling that can enhance that crypto economy. Can you just tie this back, tie third web and validation cloud back into the crypto economy and why it's important for the HBAR space?
Yeah, absolutely. Brandon, so really fueling the developers is very directly fueling the crypto economy. So I mean validation cloud as a Jason RPC relay provider as well as a mirror node service provider. Those are that is absolutely
going to be a critical piece of infrastructure for everyone playing in the crypto economy. And then as far as third web goes, really once again, just fueling the developers, fueling creativity and making more possible within the Hedera.
Well, I know we've focused on, you know, ballets in the past and I see some ball providers down there which had blade labs that joined and we have May down there. If you guys or anybody else down the audience have any questions or comments or want to bring anything up, you are more than welcome to come up and that goes for the entire audience. Just request to
speaker and I'll bring it up if you have anything you'd like to say. Alright, Grace, I do want to get to one of the things that's a very hot topic this week. We've seen in past weeks how some of the regulatory enforcement actions in the exchange space have taken the headlines, but we have a new entrant coming into the space in EDX.
EDX is backed by some pretty impressive names including Charles Schwab and Fidelity. What do you think the impact on the space of EDX is going to be in that exchange landscape or just any general thoughts on what you've seen come out around the news with EDX joining?
Yeah, I mean, I think it's exciting when any big name is willing to put their name behind something associated with crypto, right? Especially in this landscape right now with the SEC. You know, it's exciting. I think at the end of the day,
end of the day with every crypto project that comes out. We always have to take some time to really understand their strategy and how they're going to be approaching their exchange.
And kind of wait and see, I guess, is what I would say. But of course, getting that boat of confidence from those big names is significant. And I'm excited to see where they go, for sure. I guess the question is, you know, they have a different structure, right? They're not.
custodial is this a path to do this in a compliant way? We're really not sure but considering that some of the backing that they have you'd think that they've done their homework and they think that they have a way that they can cooperate with the regulators to bring a product to market but we'll find out right?
Yeah, definitely. I sure hope so. Alright, so anybody else on the panel have any thoughts on that hot topic of EDX during the space David? Do you have any thoughts?
Yeah, it's definitely good to see institutions coming back into the space. I think it's definitely an exciting time again. I think the bear market is there for all to see and I think things are starting to flatten a little bit more and I think we're going to move into
was a bull probably by end of year so exciting, exciting times there and excited to see how EDX goes for everyone working on it. But definitely a good strategy I think to go with the relatively cautious approach I think initially not being a custodian just providing
the exchange element and then yeah, I think it's a bit of roach to get on board with the SEC too. Absolutely. I was going to say, I don't think this matters. This is so inevitable. Of course, I don't think any builder cares. Nothing is more possible because this
exchange exists. Nobody has new ideas. This exchange trades Litecoin. Okay. So, like, something I never hear from builders is like anything about the price of crypto really, or like when I search hard, like, third web discord, like, no one
talking about the SEC or regulatory fund or anything, I think that's a super narrow discourse among traders, which I'm delighted to see that there's a whole world that does not care about macro liquidity or this entire conversation because
like it does not matter. Well, I'll take the opposite side of that. You know, I there's certainly the important importance of the developer and all the great stuff that's being built and obviously the area that you're focused on, but getting liquidity into the space is certainly important as well. So I do think that
you know, these tools to be able to have this on on an off ramps is important. But yeah, we'll see what happens with it going forward. We do have a question or comment from somebody from the audience. Casually, you want to go ahead? Yeah, I don't want to speak like, you know, out of pocket because I
just came in. I'm not entirely sure the context but it sounds like Jay was Jason was talking about like where we're putting these funds from some sort of I mean can you fill me in give me a 30 second page on where the funds are coming from before I answer right is it where we're allocating them that's gonna better our ecosystem is that kind of the detail a bunch of
large funds like Schwab Fidelity, their customers now have a place where they can now like let's say you have a 401k and you want to allocate to East you cannot do that on this exchange. And so they're in exchange they're not adding new liquidity per se but like they are
making they are making it available to like their customers so it is kind of like another coin based with another set of retail. I feel like it's more like a click title for their customers like we're not even a half 401k's like 10 fucking years probably. It's very big. It is big. Like don't get me wrong. It just won't have anything to do with anyone liking NFTs.
anymore, no one builds anymore because of this. This is going to affect the price of things, maybe. Good points Jason. Anything else, casually. Just to give you context on what we're talking about, I don't know if you're a new community member, but this is a Twitter space for the HBAR Foundation.
the HBAR Foundation's been tasked with building out the HBAR economy and the Hedera ecosystem. And today we're focused on crypto economy. So, you know, payments with cryptocurrency, non-stablecoin cryptocurrency, V5, things along those lines. And we have some great teams that are providing tooling today. Do you have any other questions?
Well actually I'm actually I'm a founder on Hedera and I'm building on Hedera and I've planted my flag on Hedera. I'm relatively new I guess you could say for sure I'm very happy to be here. I think honestly you know all these I do have some
questions. Yeah, for sure. I want to know like what it takes. You know, I hear about the funding where the money is going and like our technology is a little more advanced than, you know, the amount of people we have over here or whatever, like when musicians going to take over because, you know, I have, I have so many musicians across the chains I've been on that
that are looking, praying to find a good home team. And like, we have a great group over here too. I think we should really focus on putting some, some attention into, you know, concert, IRL, bringing the right type of people to the IRL events to make sure that we get in and get where we need to be.
get meeting who we need to be. When's that social focus and the musician grant money and things of that nature? I feel like there's a big change coming. Not a fast one, but it's been pretty gradual, but it's towards the entertainment side of things. I haven't heard a lot of talk
about funds allocated towards that as much. You know, there's other projects. I don't know if maybe you could say that. Sure. Yeah. So we do have some some great music platforms on Hedera. I'm sure you've heard of tune FM. You've heard of Seaky. We have some others build in the space and brand a day. If you want to come on up and talk about some of the things that you
you're working on, you're more than welcome to as well. But yeah, we're really focused on music NFTs in the space and trying to establish that infrastructure first and then we'll go from there. I think the thing artists need to do is make products people want to use. I've seen, I've seen NF music
music plus, insert, crypto, idea here, music, you know, D5, music, NFTs, but nobody's using these things yet. And so like once an audience aggregates around some music application that people really get a lot of value out, then like more than just start to it, right?
Yeah, I don't really want to buy a song. Well, if you look at any music and a tea, they're all at zero. I mean, like it's like from any big ones, you know, zero users, zero daily transactions. It's a fuck. Yeah. I mean, you're exactly there needs to be in a real application to society somehow there, right?
I get you I feel that that's when it's not what about this what about this I get an idea right right we're about crowdfunding right I'm gonna do it why not why not you know what I mean yeah that's that's the thing I mean the what about music video right think about a giant music video a big spectacle right and you make it a crowd
I do want to get back to some of the other panelists here. I'd like to get into how users can get involved with some of your platforms. David, how can HBAR Barriens stake through your services? Is that actually what you do or are you just mainly an aggregator? Just can you run us through what your services are?
Yeah, right now you can't stake directly to the website, but you can go to the website, look at the Hedera profile and then find different staking providers to stake with. For this group, I can also share our beta website with you guys, so it's beta.stakingrowards.com. I would love for you to check
get out, we're about to release the new website and that's a little bit of insights on that. So you can go there, send feedback, we'd love to hear any feedback that anybody has. But to answer your question, there isn't a stake in directly to the website yet, but there will be by end of the year. So you should be able to go connect with your wallets and stake directly through the website.
by end of year with multiple different assets. >> All right, understood. I am trying to bring you up HBAR hub, but it seems to be having some trouble connecting, but we'll get you up as soon as we can. Andrew, how about you? So how can devs use your products and what does your billing model look like and all that kind of stuff for those who might be interested?
Absolutely. So developers can utilize our platform by simply signing up, selecting the Hedera network or another network if you enjoy before this ecosystem, Hedera, either TestNet or MainNet, and instantly receive an API key in URL
that you can plug into your application workflow. And we have two tiers free and scale. And so on our free tier developers can get started with up to 50 million compute units per month. Compute units are basically a method of the platform to separate
different types of requests that make it fair across all different types of usage on the platform. And it's a frictionless sign up for free tier. So no credit card required. And our free tier offers a starting point for those developers to explore.
and experience our platforms functionality in the global throughput. For those seeking heavier usage, that's where the scale plan comes in. And this plan unlocks a range of benefits to developers, including unlimited compute units. So with the scale
plan in fact as usage increases the marginal cost for compute unit actually declines on our platform which provides economies of scale for your project which we're really excited about that feature and so we actually encourage and incentivize you to enter
interact more with the network, which is unique. And then finally, if you have any bespoke needs that may not fit within the free and scale tier, you can always contact us directly and we can discuss them. Sounds good, that works. And of course, anybody up on the
panel, you're more than welcome to pin anything. If you have more information, if you have tweets out there on anything you discuss, you're more than welcome to pin them to the space. Jason, obviously you're very passionate. I know you guys focus on smooth user experience, UX, and an onboarding experience.
Can you tell us about your philosophy on that topic and how users can get involved? Sure. I guess the philosophy goes back to what I was saying earlier. Builders need help building the things. Everyone's gotten really good at making apps and websites for the last 30 years. And now we have a whole new stack.
that is hitting you in the face and like we know how to make a good flow already but like when you start to cram these I guess square pegs in around holes like in Web 3 like you end up with a clunky experience and so that all those points where it's clunky where Web 3 is different like third Web is
is taking a belt sander and we are we're smoothing it out. So like for example, the whole wallet thing, like every aspect of login, being a user, everyone talks about this. So like we came out with a wallet SDK recently. It's like amazing. It's think of it like rainbow plus plus
You have a full wallet connection flow. It's beautiful. You can get email sign-ins if you don't already have a wallet. You can sign in as a guest and will generate a wallet with account abstraction for you. That way a user showing up who saw the ad or heard about it. They don't need to go install Metamask just to go get a taste.
If you're app and like they can go walk in the front door, there's a lot of things like that. Like for developers, hey, you're building your app. Did you know that deploying your contract is hard? Takes a lot of code to write. There's a lot of mistakes. A lot of best practices to do are SDK will do it all automatically. And so like there's like 50 things like that.
that make the experience smoother for the user who is expecting software. They don't want to use crypto. They don't care. The same way I don't care about JavaScript and when I'm using the internet, I just want to go use the app, get my value.
That's what our tools do. So I do want to go back to something you mentioned before. You talked about how gaming is going to be important. There's going to be economies that build around the gaming space we see. We have Earthlings, one of our game builders in the space. Why do you think gaming is going to be important in this space? Why do you think it's going to be one of the first things to kind of catch on?
A few reasons. One, we understand games. Like, did you know, like, like, there are these game conferences that go on, like game developers conference where people speak from the industry and they're like, here's how you make a game that makes a lot of money and like they'll break down all the mechanics. It's science. Like, we have games that product market
fit. Like we understand what a good game is and we have all the technology like games are not held back. We just need to make them. So like that's like one thing too. It's the biggest entertainment industry by a tremendous amount. Take movies, music, theme parks, add it all up, combine it, still
it's a fraction of what gaming is. And then like three, there's all these revealed desires already. I like that's a phrase. I like revealed desires. Even though like we haven't built crypto games yet, like we have, but like we're seeing behaviors in people in like the
Normie world that like perfectly show that like they're ready and excited for crypto Like if you look at how people the skin trading economy around Counter-Strike shows that people value items Same thing with fortnight people will buy rare skins from like season one the skull trooper skin party hat
And so I think the fact that we know how to make games that industry as well understands it crypto actually isn't that hard to use these tools to make a game that is not going to be a game that is going to be a game that is going to be a game that is going to be a game that is going to be a game that is going to be a game that is going to be a game that is going to be a game that is going to be a#
a crypto game, user acquisition, it's really well-funded, like everything and also I've seen the games they're there, like we're just like they're coming out. So those are the reasons they exist, we know the games. It's gonna be massive. We're gonna get 500 million players over the next three to five years for
Sure, like, yeah, I couldn't agree more. There's a delay I think between when people think that these things are going to come to market and when they actually do it takes a long time to develop one of these, you know, triple A games and you know we have them coming in the space, you know, we have leafos with with Hedera
We have earthlings down there. We have caused me and we have astronaut, but we have so many that we're looking forward to in the space. So I appreciate your comments on it. I know we went down a little bit of a tangent there, but I appreciate it. There was this study that I was catching up with VaynerMedia, their president at a meetup.
And she was saying that they ran a study on kids who play Roblox and 80% of the kids in the study felt like they owned their digital items already. They were like passionate about them. Even though they're not crypto items, they were like, it's in my account, it's in my wallet.
this is mine. It's the best. Like they already have these feelings just to tap into. Yeah, and that's that's going to develop over time. But the unfortunate thing is they really don't own this items and that's one of the things that Web 3 is going to change. Grace, I would like to pull this back to the crypto economy. You know, we
We focused a lot last year on DeFi and getting our DeFi ecosystem established. What are the things that were focused on mainly this year? Going forward, you talked about how you had some goals. What are the things that we need to build out the HDR ecosystem or the HBAR economy more specifically going into the next several months?
Yeah, absolutely. I'm happy to be very transparent about this because if for those of you on the call that I speak to regularly, I think I'm I'm a bit of a broken record where I want Haderra to be to be enabled
on Metamask. I would like public oracles. I would like the graph sub graph. Let's see what else. I think there are just many big infrastructure pieces that we need
to accomplish in order to partner with some blue chip entities in the web 3 space. And those are really the things that I'm working on. Again, with the underlying goal of advancing economic possibilities on the Haderin Network.
Yeah, understood I mean the push we made last year in the day Dify was really impressive and I'm just so happy to see the tooling we have I do want to make a last call if there's anybody in the audience that has any questions You can go ahead and request to be a speaker I just saw H bar hub come on up Hopefully we'll get them up here this time. We had a little bit of a tech
So I've heard everybody talk about I've heard Brady talk about this and now you two have been saying it. The graph and sub graphs and oracles are necessary for defile ending and things like that.
like that, is are there other what other use cases depend on those things that would be beyond the DeFi lending? Thanks. Grace, I'll let you take this first, but if anybody else on the panel wants to answer that question, they're more than welcome to follow up. Grace, go ahead.
Yeah, I guess that when I say the graph, so I really just mean any data indexing tool and it's basically an industry practice for a lot of large EVM protocols that we must have the graph in order
to work with them. So I guess I would say what that would involve is like a large EDM decks, for example. And for those of you that are native to the HIDRA community, we know that we have our mirror nodes. And so really these partners could spin up their own mirror node in order to
to solve these issues, but we sort of have to meet the EVM community where they are and provide, you know, the necessary APIs and make it easy for them to onboard into Hidera. So I think that's really what I am focused on for the remainder of this year is helping to make sure that
the EVM community has a very smooth and seamless experience when joining Hedera. So that's what I would say on the graph. I just mean really any data indexing tool that ties into the requirements for partnership. Even Missouri, for example, they
use the graph sub graph in order to do their Missouri reports, so things like that. And then public oracles, you are correct. I mean, obviously the primary goal with that would be lending and borrowing, but leverage really is the crux of economic behavior.
I would say the bottom line goal of a public oracle would be to achieve wanting and borrowing on Hidara and ultimately to me having public oracles, again, just spirit, fueling innovation and creativity on the Hidara Network is what I would like to see.
that would involve options, for example. So shout out to anyone who wants to make options. Let's get that going once we get a public oracle. Yes, I would love to use options. I did that with stocks a few years back and mostly selling options, but yeah, it's a great deal if we could have it. Thanks.
Personally, I would certainly like to employ options when it comes to HBAR that would make my life a whole lot easier. Did you get your question answered HBAR? How much do you want to make sure you're all set?
All right, we'll move on to the next community member. We have Kornaya. If you want to go ahead and ask a question or make your comment, go ahead and floor yours.
Yeah, I've seen HBAR focusing on the, you know, a lot of, you know, enterprise adoption, but I don't really see much of retail investors. What are the plans for the retail investor in the future?
I would love to know that. Well, we certainly do have a passionate retail investor core. I started and myself as a retail investor into the space, but we are small.
But we're trying to grow. Grace, is there anything from your standpoint on getting more retail involvement across not only the HBAR ecosystem, but the HTS ecosystem and so forth?
Yeah, I mean, I would say the partnership was taking your words with David on the line. I think that was, you know, directly pointed at trying to increase, increase our awareness and visibility.
of Haderra's opportunities to stake and earn. We also have plans to get into other markets, you know, such as healthcare and real-world
I think that we'll definitely have large use cases that we'll be capturing the masses. Hopefully I'm answering the question. Anything specifically that you would like to learn more about?
Yeah, all good. Yeah, I just that's it. Thank you. All right, David. Is there anything you'd like to follow up on engaging the retail
the retail investor, the people that are from the retail space beyond just the enterprise focus, that I know that Hedera focus is on a fair amount. David, any thoughts?
Yeah, just to back up what Grace said, I think the initiative with us is a great step. We give around two to three hundred thousand unique monthly users that will allow access to Hedera data going forward and also other tokens within the ecosystem.
So I think it's definitely a great step forward there. But I think each protocol or each foundation has their own strategy. And I guess that kind of changes over time based off demand. So I think it's definitely a great strategy working with us. And I'm interested to see how it goes in the future too.
All right, well you certainly have a large user base. We appreciate you getting involved in our space. I'm going to try to bring up TEGM. We're trying to connect them as a speaker now and see if he has
one more question. This is pretty much the last call. If anybody else has any questions, let me know because I'm going to do a final round of questions with our panel. But T-E-G-M, the floor is yours. Go ahead.
TGM, did you want to come on up and ask a question?
All right, so we lost that. We'll go ahead and do our final round to all the panelists give you an opportunity to give final thoughts, any other ways that you would like the community to engage with your products. Andrew, we'll go ahead and start with you. Final thoughts.
Sure. So to wrap your validation cloud service will be live and openly accessible for Hedera, Mure nodes and RPC relay by mid July. So watch out for Hedera and validation clouds. Social channels to see the
announcement and whether you're starting to build, they're already an established member of the Hedera ecosystem. Our platform can help enhance your project and you can sign up for an account directly or contact the Validation Cloud team through our website at ValidationCloud.
and just to wrap here as well. Thank you very much for having me today and we look forward to working closely with the ecosystem for many years to come. Thank you. >> Thank you, Andrew. And we have to bring up one of the legends in the space patches. Do you have a question or comment?
No, I said, yeah, just listening to the space and of course to come up I was talking to Grace Hestan she asked if I could join that's a little early for me but yeah got here and can join Well, we appreciate everything you do in this space. I'm gonna give an opportunity here for a
Jason David to jump on up and give some final thoughts. Oh my gosh, we're getting some more questions up here from some of the team over at Swords Labs I'm gonna go to them and then we'll go ahead and get back to Jason and David but All right, I'm bringing me get up here real quick and I'm gonna bring a Michael up
All right, Nika, did you have a question or comment welcome? Hey, thanks Brandon. Thanks for having me up. Yeah, I just wanted to pass them on go for it. Oh, yeah, I saw that you came up. I thought you requested to be a speaker, but I'll go to Michael first and if you have anything else, Nika, then we'll go to you. Michael go ahead. Yeah.
Sorry, yeah, I just wanted to add in the final thoughts for you guys brought up Oracle's and what is that enable? Is it just lending and it opens up so much like anything any system that has off-chain data They want to keep private, but they want to
communicate to smart contracts to trigger them, you get you're going to need order calls for that. And that's like you know insurance, healthcare, I mean you could even talk about elections like the use cases are nearly at infinitum. And yeah I just wanted to add that as a closing thought. Michael real quick
before we let you go. Can you just kind of define what an Oracle is for the audience? Yeah, Oracle is a way for blockchains to interact with off-chain networks. And where off-chain events can trigger
the smart contracts to do something and how do you do that in a reliable way. So a distributed oracle, a decentralized oracle is paramount in that situation and that's why we are exploring them that's why we're getting them that's why we need them. All right understood thank you
make it. I'm not sure if bringing you up was an accident, but if you have anything you'd like to bring up the floor is yours. Yeah, thanks, Brandon. I'll just say this really quickly. Thank you for hosting this space. It's been super cool. So this is a crypto economy fund space. So I just wanted to let everyone
know that we are going to be doing more community calls that are more technically focused. So if anyone on this space is interested in maybe having more discussions and collaborating more with the team as world's labs and learning more about the developments happening on Hedera, check out
the pin tweet in this space. There's a poll where you can basically say what you want to hear discussed in the next community call. And also let us know in the comments who you want on this call and what topics you'd like to discuss. We really appreciate your
feedback and value your input and we just want to be more collaborative. So yeah, if you guys ever have any feedback or anything, you can always reach out to me as well. And yeah, thank you so much for hosting this space, Brandon. What's my pleasure. Thank you for coming up, me. All right. So final thoughts from Jason. What do you have for us? We are
Now at the point where we're ready to build apps, we cryptos here. These are operating systems, iOS and Android. It's open, ship your apps, it's hard to build apps. If you're going to build an app, use third web. It's free. It's open source in just a year
a half of existing a third of all crypto developers have used it. That's over a hundred thousand devs have used third web in the last year. They've generated $10 million in revenue. Third web has pre-built contracts. We generate UI components, SDKs that you can use in any common language.
like JavaScript or Python. So you don't even need to know solidity to build smart contracts. We spin up storage, we have wallet connections, we have mobile support, we have gaming solution. It's amazing. And companies like Coinbase, Fractal, any moat
They all use it. We power all the minting on polygon. And in the future, if you're going to build an app, don't waste your time building things that have already been created that are hard. Let us do that. You should focus on what's unique to your app. That's why you should use third web.
Thank you Jason. We really appreciate your participation today and like you you were saying they there before I spoke over you it's free So we appreciate it patches you had your hand up do you have anything you'd like that? Yeah, just I wanted to ask real quick about the third web smart contract stuff Do you guys support HTS and kind of like the little shade of?
of Hedera or is it more like slitty? We are so third web supports all EVM chains and so we don't support HTS yet but you know we're a startup just like anybody else and we have a road map and we're completely customer driven and as we see more
Hedera Builders on 3rd Web, that's going to pull us to add support for HTS. So, wouldn't be surprised if we see HTS support some day. Awesome, thank you. Certainly important for our ecosystem. David, do you have anything else you'd like to pass on to our community?
Yeah, just like for people to go take a look at the Staking Awards new website so beta.stakingwords.com and let us know if you have any feedback there. We'll also be releasing a free informational Staking Data API
in the next month or so so feel free to have a look at that and sign up and try to get some staking data. But thanks again for hosting the Spaces and thanks again for having me. Absolutely my pleasure and we'll give the last word to Grace. Is there anything else you'd like to pass on?
Yeah, I would just say I encourage the community to keep getting involved and keep providing feedback. I think if we've learned anything today, it's that Hedera still has so much green open space and opportunity for growth. It's really just, you know,
We're at the precipice of big things. We'd love for you to explore third web and validation cloud if you're a dev. And of course get involved in our staking opportunities with staking rewards. If you have a great idea, apply
online at the foundation's website. And if you have feedback for myself and the crypto economy fund, please feel free to ping me directly. I'd love to hear your thoughts and ideas. Thank you for everyone for taking the time today to listen and thank you to speakers.
for contributing. Well Grace thank you for coming on today. Thank you so much for the rest of the panel. It was a great panel. Of course thanks to everyone in the audience who asked questions to made comments and of course everybody that listened in. That's all we have. HBAR Foundation out.