All right, welcome everybody we are getting Sarah up from death radar right now Sarah real quick. Can you hear me?
Sarah you're on mute. Can you hear me? I just want to make sure it sounds like everybody else can
Yes, they can okay perfect, but we'll get this thing kicked off so welcome back to another Hedera ecosystem X space
Brought to you by the H bar foundation. I'm Brandon and I'll be your host today
We have Sarah from DAP radar to discuss some of the trends
We're seeing with decentralized applications as well as some of our teams where we hope to start a little bit of a dialogue
Here to help represent some of what's happening within the Hedera ecosystem
We have a few of our gaming teams including Miko from Vavil
Basil from legends of the past and Patrick from earthlings on the social network front
We have Chad from galaxy and on the sports and consumer engagement side
We have only larping from karate combat now after we get through a few questions with the panel
We welcome questions from the audience
So when we get to that point feel free to request to the speaker and I'll try to bring y'all enough
Alright, so to kick this off Sarah. Can you introduce yourself?
Tell us about your role at DAP radar and what DAP radar provides for the crypto industry?
Sure, I would love to and first of all
thank you for having me and invite me and I'm more than happy to
Participate into the space and you know learn more about the Hedera ecosystem and the dApps that
You are here the dApps that are here. Okay for me. I will start
I'm Sarah the blockchain analyst and researcher here at DAP radar
usually ideal writing the reports that probably if you ever you know
Read kind of like, you know, that pretty there says that this month the industry has been I don't know up or down
It's me. It's my content and I have to be honest. I'm proud of it
Beside this I deal with analytics meaning, you know
Trying to see exactly what our own team metrics see trying to understand the trends right now and what's happening into the web3 industry
Produce or brings to the table for the web3 as we will like to call ourselves
We are the word dApps for meaning that we have more than 4,000 dApps
Listed in our in our website. We are tracking
I I think we are tracking most of the web3 industry and
Present into our website all the kind of metrics that helps an user of web3 users
To understand the what's happening with the project that they're interested
What's happening with the ecosystem that they want to invest into or you know
If they want to discover new dApps they want to discover new games new social dApps
Whatever they can come on our website and we have all of all of this
Additional we also just launched a new almost just launched like a few months ago
The quest which we're trying to implement
Gamification into the website and the press means that you know everyone right now the whole narrative about web3 lately is
Air drops and any way of making probably free tokens by doing some action
And this is what we are having on to our website
So, you know if someone is interested go check it out
We have super cool quest with super cool project that we are super proud of okay. I said super too much anyway
That's me, and I'm gonna pass the mic to you Brandon
Yeah, you can't make any mistakes on here. We just have fun with it
So we also have neuron up here, so I know another trend that's going on is
Decentralized physical infrastructure James is that is that you behind the neuron icon there
Certainly is Brandon. How are you doing? Okay? I'm doing great, and we're really happy we got you on here today
Now despite the fact that Sarah is probably aware of some of the applications we have on the panel today
I'm gonna let them do a quick introduction of what they've built or what they are building to give her a little bit of context
The only larping can you give a quick rundown of what you're doing with karate combat? Yeah
Thank you very much for having me
It's a pleasure to be here the shortest explanation is that karate combat's the first
The first real-world sports league that's governed and gamified by a token
The league's been around for seven years, but for the last couple years. We've been building and launching a web 3 platform
Including mobile apps on iOS and Android that are built on karate on Hedera
The simplest version is that with the karate token you can both govern the league and vote on which fighters you think are going to win
For the chance to earn some more tokens, so it's it's not gambling. You're not risking the tokens you have
But if you pick correctly you'll earn a bit more tokens. I think at the last event the average player won about
Four percent more tokens and our next events coming up in two and a half weeks
And I saw Joe giving the thumbs up there
He and I are both huge fans of what karate combat is doing so I think that should be an interesting conversation
All right, so we'll move on to the next one Chad from galaxy. Can you give us a rundown of what you guys have going on?
Yeah, what's going on guys? My name is Chad. I'm the lead designer at galaxy
So galaxy is what we refer to as the social wallet
and this is kind of essentially bringing together a crypto wallet and a social app combined and
We're essentially trying to you know
Experiment and imagine and a social and economic paradigms coming together to unlock novel utility for retail users creators and communities
You know a standalone product social apps and crypto wallets
Have brought us so much already in the way of utility
But I think that you know one of our core thesis is when you bring these two worlds under the same roof and a cohesive product
Experience you get a level of utility unlock that would otherwise be very difficult to achieve
With these two paradigms remaining apart one of the most
Prominent examples like a point to something we shipped in the fall last year after we our initial launch which was texting NFTs and
Point a fungible tokens together to your friends
You can already do that obviously with a self custody wallet you can move it to somebody else's standalone crypto wallet
But there's a bunch of like technical stuff
You need to know like sending and receiving addresses and token associations and paying gas fees and native protocol tokens with galaxy because we're
Again, we're that social app in a self custody Hedera wallet in the same place
You can just use the college team messenger to simply text an NFT to your friend without knowing a whole lot about receiving addresses and token
Associations and stuff like that. So we are really really really focused on the UX side of the equation
One of the beautiful things about Hedera. I'll just shout out
Hedera is you know the speed scale cost and security side of the equations pretty much ready to go out of the box
Like it's already done. You don't have to worry about it. If you're a developer
Leveraging the consensus and token services those things are just like a non-issue
You don't even need to worry about them
And so for us it allows us to ask really big deep blue ocean style questions
About what you can do with the full power of the LT and you can just get to working and expect that when scale comes
Those things are gonna be ready and at your disposal for you. So yeah, we launched about six months ago
It's a really exciting journey, you know, obviously a really exciting time to be building in the in the space
You know our big focus this year is community formation really doubling down on on those themes enabled by the LT
Some more to more to come in the coming months, but yeah happen to be on the panel today
Love galaxy. I use it on a regular basis now
I wasn't a hundred percent sure if we were gonna get neuron up here
But they are you know a big part of the decentralized physical infrastructure network huge shout out for some of the press that you guys
Got recently I saw you were highlighted on a local news station over there in the UK
Now right now you're working mainly in tracking drones using the Hederic consensus service, but it also sounds like you're gonna have some more
We'll say community engagement and and have some more features around that James. Can you kind of elaborate on that?
Are you gonna have an application? What is that gonna that consumer or that community engagement gonna look like?
Yeah, sure, so so yeah, we've we've we're basically positioning ourselves as a platform to where people can build
Deep in projects on so what we do is we're basically a peer-to-peer network
We give anyone the ability to build find or connect services
And we call them services because it's really what deep in is about is you're providing physical infrastructure that third parties can connect to and
Be provided with a service and and a lot of them are data services
But as we've seen in some other different applications you have like decentralized uber and things like this
They can be physical in-person services or even
Sort of digital services as well
So basically we run an SDK which basically turns any device into a node in the network and that's node is
Has a role of either a customer or a service provider
And all users are then required to register their devices and sign up to service level agreements
So unlike a lot of other deep in platforms
Who focus, you know who are very much in the web 3 space. It's very hard to onboard
Corporations into that into those networks. They don't have the kind of
Legal and financial protections that they need to be able to engage with a web 3 world. So
What we're doing is is basically providing a platform for people to build those applications
Or we're going to be activating is going to be the drone or the the flight tracking sensors. So
soon later sort of beginning of Q4 sorry Q2
so around about April will be
opening that up to the community so community members can
purchase the sensor they can integrate it with the network and
later on in the year we plan to
to launch a token so that they will
Basically earn and tokens for for the work that they do
Plus any any third parties who connect to the service will also pay them
So what we're trying to do really is to is to provide an incentive on day one
but then transition towards a more commercial model as
Customers come onto the platform and start using that data
We're already doing a few great trials. So we're doing some trials, which you saw an ITV down in Cornwall
So we're working with a number of parties including Royal Mail and the National Health Service
I believe is the world's largest employer from I from I remember
But there's some really really great use cases around delivering mail delivering critical
Medical supplies that we're working on with them
And there's various other projects around the UK and overseas that we're working on. So yeah, stay tuned in in April. We'll have
some really really big news so people can start getting in more involved and
Once the tokens launched we we hope to be able to provide grants to
You know token grants to people to to build applications into this deep in
Ecosystem and and to sort of develop other use cases beyond that, you know, whether that's video streaming whether that's
You know deliveries, you know
Person to person deliveries or or whether that's weather sensors and then sort of environmental use cases
There's so many opportunities in deep in and we're really excited to sort of
introduce that to the community
So exciting and I know there's a lot of buzz around deep in right now
And you guys are just perfectly placed to not only make neuron a leader there
But to make a header a leader in that space as well
Now as I was gearing up for this space Sarah and I were talking about different applications and she mentioned, you know
Gaming as one of the spaces where she's interested and I was like we got you covered
We have plenty of really great game builders in the space
So just a quick introduction for the three that we have on the panel today
Basel with legends of the past why don't you get started?
Hey guys, thank you for having us here
So I'm Brazil the CEO of the gaming studio called iterative games and we're building a bar game called legends of the past
And we've team members who have worked and shipped getting hits such as a Dorfus clash of claims or
We are all together building a new IP a video game that is designed for mass adoption
Indeed Legion of the past is a thrilling
3d multiplayer game packed with action that brings together
historical figures for epic battles
Our game is 100% free to play and not token gated will be available
First on the Apple App Store and the Google Play Store and later on on switch and steam
And we are very proud to be building our game on header because we are leveraging
Community driven and premium experience within our game legend of the past indeed our NFT
Olders people who hold the NFT of our legends within the game. They will have access to
Governance within each of their legend committees in which they'll have
voting and elections of their weekly champions
But also to handle they are legend common vault and they will also be receiving some financial rewards
Depending on the performances of their champions during weekly events and those potential rewards will be our
Partnership with the web tree brands who will give away some of their token or some of their NFTs
for cross marketing and gross of user acquisition
Looking forward to the questions if you have any of them well covered. Thank you Brazil
All right. So next up we have Mikko from babble. Why don't you take the floor?
Hi there everybody and thank you very much for having me
It's always a pleasure to join the hedera community, you know podcasts and spaces
So as I said, my name is Mikko and I'm the founder and CEO of battle games and now recently a new project called
Which focuses on translation and localization of entertainment projects
So to give a very short summary of what a battle does
We are a technology company that builds technology for MMO
Game projects and also we have our own MMO game projects
one of them is called in pure and galactic war and
We're the first grant recipient from the H bar foundation
We are the first live MMO on Hedera network
we started out talking with Hedera like almost three years ago and
Originally when we came into the space
I had a very different understanding of what an NFT is
But the the general consensus was that hey, we want you to build like this new
Axie infinity versus just JPEGs for avatars. That's that's what I understood NFTs were
so it kind of took us two years to basically overhaul our in-game economy and
Make it so that any item inside of our game can actually be tokenized
Just to give you the sense of scale and things that we do
Since we have relaunched in pure and galactic war in
The web 2 version had over 34 million transactions in it
We basically had to figure out how to do it in a way that if we were to pair it with blockchain
we're not really trying to you know, do some sort of a land sale or
You know just just raise money for the NFT sale
But actually make it so that the gameplay itself of the game
enables the users to treat the Hedera network as a sort of auction house where they can take their in-game assets and
Take them out of the ecosystem into the Hedera space and then basically sell it for H bar
Which can be translated to real money and then take it back into the game if they so desire
So we have essentially minted 1.2 million NFTs in Hedera ecosystem
At some point we had over 48% of all NFTs that were minted on Hedera
Which I must say was a pretty interesting experience
Burning money to to mint NFTs
But the the idea of the way that we operate with H bar
Foundation and the story the Hedera ecosystem is that any item you have in the game you can basically then
Turn into an NFT and then trade it. So it's like a user driven experience and
We love Hedera for the fact that it's secure. It's driven by you know enterprises
So we don't have as many scammers and nefarious things that you see on other networks. It's secure
The time it takes to validate a single transaction is like three seconds
So if you send an item from the game to Hedera and vice versa, it only takes three seconds
It's secure and it costs like one thousandth of a cent
so there's only superlatives I can say about
Hedera network and you know, we have a thousand
transactions per second throughput currently
And right now we are gearing up towards slowly scaling up. We've been in a test launch since November
The game has been very stable with the Hedera connection
so that's that's going pretty well and
Right now as I've mentioned I've started recently a new project which was almost dedicated towards
The vowel verse and Imperium, but we basically have a system where we can translate any
Game project or any NFT into 50 languages using AI and it's fully contextual
So like we could have every single text in the game
Just translate it to 50 languages as well as have every single NFT that you have on Hedera
50 languages in a full context not like going to Google Translate where the the text itself
Just makes no sense, but rather having it in a way that actually
Makes sense and you understand the context even if there was a spelling error or two
You get the actual context of what was translated and I believe like this is what we're focusing on right now
To basically get the game translated to 50 languages
So all the players from you know, Philippines Vietnam and all the Indonesia countries can actually get into that and
If we also get the NFTs themselves and the ecosystem translated
I think this is going to be a massive boost to the ecosystem itself and will get us a lot of new users
So yeah, that's that's kind of what I'm building and really glad to be here. And thank you very much
absolutely now that that kind of
Enhancements between these different
Exponential technologies is is great to see you use an AI and you know across the board great stuff me go
All right. And last but not least we'll go with Patrick with earthlings one of our community fan favorites
Hey, thanks for that introduction and thanks for having me here as well. Yeah, so what is your things land?
Well, we are a game of course as well
And we we are born actually adds a wish of to bring quality gameplay to web 3
Back then at least had too much focus on play to earn and we're also a bit poorly designed only attracting web 3 and 2 CS
But we saw that web 3 had more to offer and seeing big studios now actually like Ubisoft and blizzard
Actively working with blockchain games shows that this integration is coming and I'm loving to see that
I'm loving seeing that so we saw the advantages of your using blockchain to true ownership
Of course is praised for instance as one of the biggest advantages
But often especially back then they neglect to say that it's only beneficial if the game is a success
You really need to an onboard gamers and we see more projects now in this space
We're focusing on that as well. That's great to see of course, and that's where our folks lies as well
We want to compete with these web 2 games
But add to the benefits of web 3 and not just use web 3 as a hype
So at the same time, of course, we are a met met first, but we see that it's really gamers who fill it up
So we focus most on gaming. So, you know things land
You can own a plot of land or even the town or village
But it's so much more fun
Of course if you are in the world and it really looks like you own a piece of a game and that's not a piece
Of yet another modern looking metaverse
Imagine owning a piece of a game like like fortnight the same quality design
But that's the experience that we actually like to to add as well to to ownership
Really feeling that you own a game and not just a piece of one of these other metaversus
So there is much more to say about it
You can own banks trends train station vehicles other game items, but it would really take too long to explain. So I'll wrap it up
Yes, good good. Good learning. I'll just say this one
We can say that people have different uses for our game and NFTs
So we'll be there just for gameplay winning quests competitions and that's what I like to see most
But others will be there for community and some will be there for the economy
So or a combination of all we really want to bring crypto enthusiasts and gamers together in a non-intrusive way
So I'll wrap it up with that
Thank You Patrick now, obviously Sarah's we have a really good cross section of applications here today
I have some additional questions for you
But before we move on to that, do you have any questions for any of the teams and what you've heard so far?
Actually done like I think
Maybe along the way for now
I just want to see quiz for each of the project is like I heard so many interesting things and especially
With the last game earthlings, I think it's amazing that you see guys focus on metaverse
And actually I'm just preparing the gaming report for January and I was just focusing on my first one out
And I think it's incredible what you know, the hype is building again
And it's so nice to see how few projects, you know
have you know, they believe in metaverse and they stay with with this industry and I think
2004 might be a pivotal year right for the metaverse itself and
Yeah, I think this is incredible. And then yeah the other projects that I mean here on the panel
I'm like, whoa, it's so nice to to hear everything you're building
Yeah, that that's it. Maybe along the the space. I will gonna you know, I'm gonna have a couple of questions, but let's see
Absolutely. So but in general when you're looking across the entire crypto landscape
What are the trends that you're seeing when it comes to decentralized applications?
Okay, first of all and I think this I mean here in the space
We have a few things cover and few trends that it's already there for example social
Like I know we have a social that among us and one trend that I've seen is this social applications and
That are continued are continue to be super popular
People are looking into this and users start looking into more ways of
Be have an ownership of their own data of their own
Yeah data and be safe on the internet, right and I see all this social depths
Which is incredible and right now for example in January social depths have reason have rose a lot on the unique active wallets
Which you know unique active wallets is a metric that we are that way that we calculated meaning that new wallets that are created
I think that act for the first time with a smart contract on a certain depth
And this month we've seen incredible, you know in January story
We saw a rise in into this unique active wallets another trend that we are seeing right now. It's the sport games
And I know we have another depth here again that focusing on a sports
And I think a sport was was really a popular topic few years ago
And then you know, it was always popular
But right now we are seeing more and more games focusing on that. We have a couple of names on our game rankings
And that you know people are willing to play and some of them
They are not even you know, play to earn or they don't incentivize of using their own tokens
And I think it's just like it's a blockchain is an on-chain game. I think this is super super nice
Another trend I just so I just said metaverse and I think this is the trend that we probably will see in
2024 and it's something that it's
especially with the launch of the April vision prop
And I just read I just read that a company the Victoria Vr
I think it's called they announced the first blockchain related metaverse app, which I think it's so cool
And it makes me so optimistic about the whole industry itself
And probably another trend and this is kind of a like that that will be shared tomorrow with a report
but I'm just gonna give you a little bit of probably a
Little bit of advanced things is the investment that are flowing into
Everything related to blockchain gaming and to metaverse project
Because right now this in January we had 89 million which is not a lot but it's still a good amount of money
That you know investors and VCs are continually to pour money into web 3 games and especially through into the infrastructure
Everyone on this panel and they have their own project
They know how important investments are and they know how important is to you know
Keep seeing the VCs flowing and you know launching the money into an industry that you know
We had the longest bear market in the past year
Everyone was scared. Everyone was like, okay, it's worth, you know working in it or you know
Whatever, but you know, we stayed we were optimistic and we kept building each of us with our own project
And you know seeing this money that is continuous to flow
It's it's really nice to see and it gives me again
I tend to be optimistic but yeah, it gives me optimism about the whole the whole web 3 industry
Yeah, we did get through certainly kind of an ice age there when it comes to VC capital
But we're starting to see it flow now. So that's a great point now, Sarah
You mentioned, you know some of the growth that we're seeing and only LARPing you guys experienced some really impressive growth
With your up only gaming app
But what do you attribute that that to in general over the past few events that you've had?
Yeah, I think it's a few things that
Number one, I'd give credit to our
easy to use mobile apps, I really do believe that the future of consumer crypto is is mobile and
Really simple to use mobile apps. We wouldn't even have really onboarded that many web 3 players to be honest
Is that we're seeing very very low churn
after a cohort plays two events and
So if you can retain your old users and keep adding new ones, you're gonna experience some good growth
And I think that's what most of it's down to I you know
I'd be surprised if we're able to keep up the the level of growth that we've had over the last two events
Just from a numbers perspective
you know at 27,000 people play
two weekend two weekends ago and
That was up like 150 percent month-over-month. I'm sorry
I don't necessarily expect that but we've got lots of product driven growth rolling out in each one
So hopefully we can keep it going
Absolutely, and I would like to open this up to questions from the audience
So if anybody in the audience you have an application or you have any questions either for Sarah or the rest of our panel
You can just request to be a speaker and I'll go ahead and bring you up
Also, if there's anybody on the panel on any of the topics that Sarah covered that wants to bring up a question opinion
Ask Sarah any questions just go ahead and raise your hand and I'll segue to you
All right, so in the meantime
Sarah is there anything in particular that our team should focus on to help ensure success of their applications? Oh
First of all, I think there's a question. Yeah, sure. We'll go to Patrick with Earthlings go ahead
I thought you would first let her speak out. Okay, but I have some questions actually
So first of all hats off to your explanation because usually and I had this summed up
What would you guys are doing? Usually when we have these projects they explain what they do
I'm like, wait, wait, wait, wait, wait. What's my buddy? Who's not in web 3 also understand it
So I already had a question written out there
To to see if I can get some more hours, but you explained it so easily
Oh that question got stripped of my my list
So hats off to you because that was great
We need people who can explain what they are doing to web 2 as well
And you said it the most easy way you you can imagine. So thank you
Usually only Brandon and Milan and Joey and understand that and I need to get back to them. So anyway
So how does if I would want to launch my project on your website as well?
So how do I go about because I've been looking at your website this afternoon
But I didn't really see where to apply maybe I didn't look long enough. But how do you go about?
Sure, actually, it's quite easy
First of all, we do have an article and I think
Someone from the operator Alex you're listening. I see you. Can you if you can please pin the article the guide
On this X piece really hope you will
Yeah, we do have this guide and it's actually simple you go to
Website you go you scroll you scroll down you have contribute and you submit a project
Then you have to make an account on our developers
Account on that Peter and then you can list your that for free. Like we don't have any money
We are not asking any money. So everything it's free
But yeah, and this is it more simple that this cannot be like it's simple
If you have any issue or like questions, you can always like right now
I'm thinking like we can be friends you can always write me on eggs or whatever on the team
Kind of a like people that are actually helping or you can go on our discord channel or even on our X account
And we are willing to help everyone to list our dabs here
Awesome. I like how you said we can be friends. Yes. I want to be your friends
One one last question one last question. So I did see something on YouTube explaining is there also
So you have quite some YouTube videos out there are there?
YouTube tutorials for really noobs on on how so like how to get started. I'm sorry
I was lacking time on on doing a more deep dive fund on there, but it's good for people here to know as well
So do you have some explanation guides for okay?
You are new to the space you want to know more you go to that braider you start here
Is there something that you have there as well?
We do we do we do have on our blog we have educational contents
And I'm just gonna enter right now and just you know with a couple of like titles for example
I don't know we have like, you know, first of all
Like for example just one
Guide that everyone, you know both is like eight ways to check if it's a token scam
What to look for you when investing in crypto tokens or for example, what are crypto eardrops, right? Because I think right now
Everyone is into airdrops and what's happening with with these airdrops? How can you you know make?
You can make money from an airdrop and I think this is the whole narrative that we probably will see at least
three four months of this
2024 and yes, we do have all this content
On our website on YouTube. Unfortunately, we did try
But we got caught up on so many things. So we decided to kind of stop
Additionally, we do have the reports that I've been talking about
And I have the reports that I'm writing and as you told me I tend to write very easily for you know
People to understand maybe people that they do know exactly what's web 3 but they can have you know
Like an introduction or you know, you can they can know exactly what happened in the past month in the industry
And you know trying very easily to explain, you know
If the kind of thing that you want to read at the end of the month and see like okay
Okay, this is happening. This might be the next trend. So everything is on our website on our blog
Love how you are also working and educating people on not getting scammed. Thank you
Thank you, Sarah and we did get Alex up here
So he was able to pin that that tweet that you mentioned drop chain
We'll go to drop chain first and then we'll go to but deal with legends of the past but drop chain
Go ahead with your question or comment
Hi there. Thank you very much
So I'm part of a startup that has no code and low code tools to build depth
So this is a question that I think of every single day, but I'm still kind of looking for an answer
And I'm curious if you guys have any insights is what do you think it will take to get?
More developers in the space to build dApps. I personally think that web 3 is going to be grown through dApps
so what do you think you'll take to grow the amount of developers in the space and to
If somebody is struggling to build an application, what advice would you have for them? Thank you
What are your thoughts there Sarah
Sarah could you hear the question?
I think she has a bad connection because she dropped off and on already sometimes. Yeah. Well, we're seeing some issues here. I'm sorry
Well, maybe that right there wants to all right death rate or what do you have for us?
I would think Sarah internally and see if she's having connections choose
If you can repeat the question that would be great. So yeah
It looks like it looks like we lost drop chain, but that's all right
Well, we'll go to legend of the past next and go from there. Hopefully Sarah
Will address some of the the connectivity issues there, but but see I'll go ahead
So well, I've been like using a data for quite a time already
But I was using it much more in terms of like discovering new project and like the explorer things where you can yeah
Doing these things the other game that are being built on all the chains and it's good to have a global overview of what's being
On web 3 like I just discover you like rewards the question related to the air drops
And this is I believe not some way to engage with community
There are many tools existing but having something like this within you're happy. I think it's it's it's amazing
I was wondering because I thought that I can connect to metamask or other kind of wallets
And however, I could not find some native
Hedera wallet, so I was just wondering if it was maybe on the roadmap to integrate
a header by native wallets within
That product so that we could for instance for us implement some quest and some rewards
natively directly on the application
Sarah I know that you you have hash pack is listed on dap Raider, but yeah integration would certainly be important go ahead
Yeah, yeah, of course of course, and I'm so sorry. Yeah for drop chain
I did have some I don't know probably featured a shoe or internet issue
I haven't heard the question at all, but yeah legends of the past. Yes, we will work on that
I see that our head of doubt just entered by now because you know news
That Peter is on the path of becoming a doll. So like
You know in the future like in a very near future if you become a that Peter
Will you know enter our doubt you can you know make this request ourselves in the proposal itself?
So I think this is super cool. But yeah of this integration or developers have to work on this
And yeah, who knows maybe in couple of months. We managed to have
This wallet who knows let's see. Let's hope so cool
Yeah, I'd certainly start with hash back and blade wallet and then we could go from there now drop
Shame, we got you back up. Do you mind repeating your question because I don't think Sarah could understand it the first time
Sure. Yeah, no worries. Yeah, so basically my question is what do you think it will take to get more people into?
What types of tools do you think there will need to be to encourage more people to build?
Products in the space and to is if somebody is you know struggling to build a dap whether they're you know
Learning solidity or whatever they're doing. Do you have any advice for those people who are struggling to to build a doubt?
Yes, I think like the whole question it's super nicely done
I'm gonna see that one of the issue with web 3 and I think this is an
issue and I point of view is that web 3 is such a new industry and
How this is a new industry everyone knows each other
And we don't have as much as workforce that others industry have
So I think this is you know
Some issue of the whole industry itself and for people to entering more
Into web 3 or web 3 first of all we have to work and especially like for example had that I had that I find that
I found foundation foundation. Okay, sorry and all the daps are being building
We have to work on towards education and educating people in order to trust web 3 and I think this is where the lack of the
Developers might come not because they probably they know how to do that
But most of the time is that developers people that work on web 2 they don't trust web 3
They don't trust crypto every time they hear about blockchain. They think it's a scam
So I think this is the first point and this is what we should all be doing
Educating people and educating, you know, a boarding new people here
This is this is the first thing. The second thing is
We on our page on our on our website
We do have a web 3 ecosystem page where you can find a lot of tools to explore
and we also had few partnerships with a lot of web 3 tools and web 3 accelerators that
You know can help developers grow. For example, there's the I think it's called alchemy
Which is an academy that offers
free courses at the beginning of helping, you know people enter the web 3 and
Helping as well developers understanding exactly how can you build daps on certain blockchains?
There's there are a couple of tools and of course all of this news all of this information
You can find on our website or again enter our discord channel and we have
Alex who is more willing to help
Drop chain, that's a great question and Sarah
We also have a lot of resources within the Hedera ecosystem
If you're looking to focus within the Hedera ecosystem, the H bar foundation itself, of course
We also have teams that focus on helping people do launch pads. So H craft that I owe we have head start
And we have Kibila I see down there. They'll help teams as well
So we have plenty of resources if you are thinking about building within the Hedera space
Just let us know and we'll try to get you all the help we can get
Oh, I think we lost H bar hub I was gonna go to him next. Oh, well. All right. So the next thing I wanted to touch on is
We go through phases in in this space of different places where applications focus on be it gaming DeFi AI
Real-world asset tokenization now we mentioned we're seeing a lot of focus on D pin
We're seeing these shifts all the time you mentioned, you know air drops are big right now
So sir, how does DAP radar remain focused on where real value is being?
You know developed despite all the noise that we can see in this space. I
By value, right because I think overall as you said we have we right now we are in a cycle, right?
So what do you think it's value?
Probably you think for example you thought that the metaverse three years ago was something like was not even worth looking into it
And right now, you know meta invested April and it's a dress. I'm just gonna take you know
This as an example or for example, we had the trend of move to earth
Why stand we each at the beginning was super high
But then the bear market happened and everyone saw that, you know move to earth was not good
And right now we are seeing that rising again with sweat economy and other few dabs there again keep building
So I think what you know, what we are doing is because we are an analytic
Platform is like we're not focusing on anything
We are just showing exactly what's happening on the industry
And for example, if you go on the rankings
The only thing we can make sure that it's happening is that looking at our own metrics and be certain that what we show
To the people it's accurate or at least you know 80% of it
It's accurate because at some point no one knows exactly how the web 3 should be track and especially you guys
You have such a different blockchain and network than other blocks in itself
So, you know in order for us to track you that was I know that was a little bit of difficulty
And this is what we're trying to do and with our content or with my reports
I'm just trying to be you know, like more objective and trying to see, you know, the trends that we are seeing
But right now we are not focusing into anything like we are not investing into anything or you know
We are just showing and help discovering the depth the trends to the user and that's it
Yeah, that makes perfect sense H bar hub you have the floor
Thanks. Yeah, and I just wanted to say we really appreciate you
Accommodating such a different technology into your into your analytics because yeah
I mean as we can see, I mean these developers some of them
touched on it a little bit but
One of the things that drives especially enterprise dApps to build on Hedera is the fact that they don't have to worry about
Congestion at all. I mean Solana talks about
Being scalable and stuff, but they're already putting congestion at a thousand TPS
And so like thousand to keep real TPS
I mean after you accommodate all the consensus votes and all that stuff
But um, and so I was curious, you know
A lot of times when bull runs happen whether it was crypto kitties first or other dApps in the next bull run
It becomes so expensive and congested for these dApps to build on that they end up dropping off
Do you have analytics for what dApps drop off when the bull run happens?
I mean like for instance the ones that can't afford the high fees
How they react to the bull run. Thank you
Yeah, that was such a good question, honestly
And we do have this kind of metrics
Have to be honest. I don't know exact the data, but you know, I can talk I will first start with for example with NFTs
I'm gonna talk about NFTs in a way that you know when the bull run happened
we saw this huge NFT collection and there were a lot of them that had this crazy trading volume and
Everyone was promising, you know was probably promising onboarding adoption
They were promising, you know, they have utility behind it and I have to be honest
I did analyze this project. I think like 80% of them right now are dead
But right now there's nothing to them the team vanish. There's no X activity and
There's things happen because probably one of the thing is they were built on Ethereum
The gas fees were high and they are still high. There are a few moments that you know
It's crazy how much you can pay for just a small a small transaction
Sometimes it's congested. So yeah this happen and for the dApps itself. Yeah, there are a few dApps that they haven't managed to
Let's see. They haven't managed to sustain the hype around their dApp. They haven't managed to sustain
We did saw what's happening and for example, I'm gonna gonna use just Solana for example Solana
Before all the madness and everything
Even you know, there were a few certain dApps. There were a few games on top of it
And right now after the whole FTX situation after you know
All the other things that happened to Solana and the fact that the network is congested tonight. It's it's low
It's not working and especially right now today and yesterday. That was the narrative of
The web 3. Yeah, we saw how many dApps didn't survive
Yeah, how many dApps were didn't survive and there were I don't know exact number but there were quite a few that were well known
And this is the same thing with investments and this is why I was mentioning the investment and this is what I was surprised
web 3 still gets and especially gaming or
Metaverse project because this was one of the let's see was one of the ecosystem
Few scams a few people that left that once they get the investment from the VCs
They decided to quit the project
And this is was I was like, okay, this is they still trust web 3
They still trust what we are trying to build
And you know just kind of returning to your question
It is important to see as a VC to see exactly on which blockchain you are building on
And I think this is you know, this is what makes you project be a good project and
especially the community behind the chain itself because I think right now in web 3 what we all learn is that
Web 2 marketing it's extremely different than web 2 marketing and having a good community
And I see that Hedera has a such a great community is what will make your project be successful
And you know giving you kind of the trust to keep building and attracting more users
Yeah, thank you. And yeah, just a little follow-up on that, you know, Hedera was built to be
scalable in an unlimited way so that in these bull runs these dats will not suffer anything and the flat the
These will literally stay flat through the whole thing and they will be guaranteed that they get their
transaction put into the quote-unquote block and so I
Would ask a favor of you when the bull market happens and when all of these other chains hit
Congestion and when Hedera's deaths are not suffering at all. Could you please point that out to the Twitter world? Thanks
Yes, I definitely will and
Yeah, I think the question mark is like when the bull run happens
Are you guys prepared to onboard the next billion because I think this is the main point. This is
What we all aim for and this is what we here adapt later in for on board the next billion of people using
Decentralizing the centralized daps
Because I think this is the most important
Important point, but yeah, I will definitely do that. I will keep that in mind
Yeah, I'll field that question for you Sarah
Sorry, I just really quick question. I think I dropped off like five minutes ago and couldn't speak
I think we're having X issues like we do normally so we've lost a couple of the panelists, but we're in good shape
so I actually have a question regarding duck radar and
The top blockchain section and I'm just really curious regarding two things
Well, first of all, like with the process of listing the projects on the dot radar analytics and tracking
I understand that had era is using like a different standard than everybody else. So like as you said, there's like issues with
Is it me or did we lose Mika there we look yeah, I think we lost
I'm sorry. Hopefully we'll get them back here in a second
But I know bazil from legends of the past you had your hand up as well. Go ahead. Yeah. Thank you
And so yeah, I have a question about
Education like coming to new people to enter so basically and to address my question
I'll start with an example. So you mentioned move to earn project and obviously two years ago
There were many I moved to on project that were highly successful successful very height
So I guess many of them were well-ranked on the listings on that product
But the thing is for instance most most move to earn project from the scheme meaning that they are
Rewarding current orders with the arrival of new people entering the project by purchasing new entities
That's how they get the liquidity to reward current and previous folders
And so many of those projects where height had a lot of liquidity lot of traction
But of people entering them because they were well-ranked because there was a lot of hype on them
But now that we've understood many mistakes from things that don't work things that are not sustainable
Here's my question. If they are there some some plans some ideas and or
consideration to assign maybe like a sustainability grade or out of the matrix or some inputs so that
Members don't only have the short-term market situations in order for them to give them yet an external I would say
Sustainability, you know awareness something to show that sometimes it's too good to be true. Oh, yeah
So the seal before we let Sarah answer
What are some of the metrics that you would judge adapt on for sustainability?
I mean like the history of the team, you know money in the bank
What are some of the metrics that you would use to gauge something like that before Sarah answers? Yeah, I would give
analytics of the tokenomics and how and what is the token we ward loop and how the model is
Organized so analyzing the tokenomics to give a grade from one to five
Depending how sustainable this project is and if the project function is only rewarding
Members by the arrival of new people those kind of projects should not have a high grades
Whereas all the present that are sustainable and how it economics that is designed to last could have a better grade
So Sarah as far as you know metrics around sustainability of some of these apps, is that something you're looking into I
And like, you know, for example, we do know a couple of depths
you know talking about gaming depths that we
100% know that we have both in activity into it and sometimes we decide not to mention that on our
communication on our reports or on our blog or
Articles because we know that is bought it but that doesn't mean that it doesn't have to be on a website
And this is why like this is why we do have for example, if you go right now on our rankings
We do have unique active wallets and transaction and I think you know having this sheet together
It can help you realize exactly what's happening inside of the the depth itself and see exactly how this this is happening
Because you know, I'm gonna explain why if we see like we saw for example 10 unique active wallets. I'm gonna use
Low numbers like low numbers so everyone can understand if we have this step and we see 10 unique active wallets
And then we see just one transaction
It means that this game it doesn't you know for enter into the game
You don't have to do anything on chain. So, you know, the rewards won't be happening or everything
So this probably will be a dab that you only use your wallet just to connect without doing anything
But if we see 10 unique active wallets
But then we see thousand and thousand of transaction and then you make an average
You can see exactly what happens into that game because at some point it's it's interesting to see how just one wallet
Make thousand and thousand of transaction and that for us for myself. It's shady
And we do have a guide to like we do have a guide
That helps people understand when the game might be bought it or when the dap itself might be bought it
And yeah, what's happening to move to earn?
I'm just gonna use move to earn as an example is I think not just move to earn but every game that had this functionality of
Having users play to earn like this whole narrative is that you're making anything to you know
You're playing reading doing everything to earn some money. This is where
From the beginning was something that was not good and you I don't know your name
I'm just gonna use your name your that project
I think what you said is right you have to look at the token of token economics also to see understand exactly
How that is, you know, how that is compensated you have to look at the community for example and to enter the X account
And let's say that they have thousand of thousand of unique active wallets, but they only have like, I don't know 100
Followers so where that activity comes from where the marketing comes from where the people where people know about the dap
Means that that's what activity mean that me as an user. I won't play that game
I won't invest my time or my money into that that because I know it's something is off
And this is what we do have here that creator
And yeah, just going by the rankings you can it's you know, you can see exactly what's happening
But yeah, I hope I answer your question. I think that I think that was perfect. I
We're at the top of the hour. We want to try
Okay, all right sounds good Patrick we're gonna we're gonna give you the last word here today
Oh, I'm back. Can I also ask a question? Sorry that I dropped off
Unless you want to go. Sorry
No, you think space I don't mind. I like sharing the love
All right. I just wanted to ask a very big question. So like to cut it short
I noticed that a lot of transactions are in trucked on top radar and I wonder if it's because that
You know, we use like a different standard to regular ERC 20 again. I'm not a blockchain expert
I'm a game developer, but I know that we have like 1500
Transactions per second mostly coming from the enterprise usage like atma
And we are like ranked number 30 something whereas we do more transactions and all of blockchain combined
So like what can we do to get those numbers to be more reflecting of what is actually happening within the network itself?
This this is a great question
And it actually addresses something that Sarah was asking about before with scalability right now
We're processing about 1,300 or 1,400 transactions per second
Most of that's coming as you mentioned from atmaio, which is an enterprise application
But of course, we have a lot of retail usage as well as was highlighted by karate combat
But we can certainly scale a lot more right now. We can handle 10,000 transactions per second
But for Sarah's question of can we handle a billion users?
We can increase that easily to 20 or 30,000 transactions per second just on our one shard
And really if we really started to get pressed which I don't think is gonna happen too fast
But certainly with a billion users that could we could even shard the 30
the 30 nodes that we have right now into two
Separate shards that would communicate between and double everything and then we could do that bring on additional community nodes
I think we could scale even further and we could hasten that a little bit if we needed to to scale further
But Sarah as far as reflecting what head there is processing properly on dap radar
Is that something you're looking into? Do you have a difficult time because it isn't a typical blockchain?
Yeah, you're right. It isn't and you know is that we do before
custom integration with the chains to ensure proper tracking
But you know, we have more than 60 chains in our team on our website
So that that you know, it's a lot of work
And sometimes becomes overwhelming and this is why it might take some time
You're trying to do or trust me. We're trying to do our best with the people that we've been working on
And for this reason we are, you know trying to get here and this is why we are trying to become a dowel
Because once we will become a dowel you can work for the dowel itself meaning that you can contribute to earn
Yeah, we were gonna use the earn narrative as well
you can fix you know someone from the header a community can come and help our developers and
Fix this and become part of our dowel and you know, how better to track this
This is something we're gonna do in the future. What we can do right now is that if you have any
Certain project that is listed on the breeder and you see that that that we we show is not correct
Just click contact one of the developers you can contact me as well as I said, I think we are friends right now
With all the questions that I got so you can contact me as well
I can keep in touch with one or over developers and they can help you sometimes
Maybe we are not tracking the right smart contract
maybe sometimes you have two three smart contracts attached to that certain that and that becomes an issue on how we
Actually show that it could be so many wise
And this is why like if you have a dad you listed that they are have any question
Just now come to the discord come to our eggs come to and just write to us and we can fix it
It's a challenge and you know, like you said, you know, we don't use smart contracts for a lot of things
We have a native token service that handles a lot of our tokens, but still I see your hand up
But we are at the top the hour we will continue this on at another point
Hopefully we could get Sarah or somebody else from dap radar back to continue this conversation
I do want to extend a special. Thank you to Sarah for coming on and being a good sport
Of course, the rest of the panel was great as well
All these applications that are being built within the hedera ecosystem
Thanks to everybody in the audience who listened in everybody who asked questions. That's pretty much all we have h bar foundation out
Thank you so much everyone. Thank you. Thank you
And i'll keep my question for the next one