Hello, hello. Hello. Are you okay Michael? I can hear you. Great. Thanks for coming here.
We just released an exciting announcement. So it's a big day for us at AXO. Oh, well, you can film me in because I don't think I saw the news.
We just tweeted it out like an hour ago. So we got a grant from Coinbase giving to develop the XO ecosystem further and support impact that was launching on our lunchpad.
Oh, amazing. Congratulations. Yes, it's exciting and we hope that this will really help bootstrap the development of the ecosystem.
Who did you speak to at Coinbase giving if you don't mind me asking because I think earlier this year we were speaking to I guess this is one guy that leads the the program if that's what we call it So if I'm not mistaken, we spoke to Darren
Yes, Darren, that's right. Amazing. Yes, I hopefully this gives us the ability to launch a few solid projects and really kick off developmental, main it. So I have to be
Frank with you. I don't know too much about it, so I'm excited to talk to you and learn more. Well, we're happy to fill you in here. We have Sean, our co-founder, on here. So I'm sure you'll be happy to fill you in. Welcome, Sean. Yeah, hi, everyone. Good to be here. Thanks for
for coming to join us on our space. I met a member of the team in Portugal last year, around November of the popcorn team. It's great to see what you guys have been doing since then, and I would like to talk to you more.
I think you met Will. Yeah, that's right. Yeah, cool. Cool. So, yeah, Michael asked for a bit of an introduction to Excel. I guess you would be the person to speak to Sean. So, you want to fill those in on that?
Sure, yeah, I mean, I don't want to bother people who know it so really well, but so I guess we're kind of OGs in the blockchain for impact or with now kind of with broader web three for impact space building on the ideas, what are the technology?
since 2014 and what we now have now is an infrastructure layer for impact financing and verification which is built with a cosmos infrastructure so it's a cosmos chain
the Impact Hub as well as a full software stack on top of that for storing claims about impact and decentralized data stores and creating marketplaces through a web application we're about to release quite soon our upgrade
a mobile application versus an impact wallet, which has focused more on individual agents being able to make claims and manage their assets. And pretty much, yeah, we're providing a comprehensive solution, I would say, having really
come from the development space and really understanding social development and what is needed in to end from financing through to governance through to creating marketplaces asset and then particularly important the
claims and verification of those claims and then how we tokenize them so that's based on exo protocol which is something that we think is really you know a cool open protocol that can support the growing
I kind of adoption of the ideas of impact certificates, impact tokens and so on with Web 3 standard, sorry with W3C standards, so Web standards using decentralized identifiers, verifiable claims and credentials and non-punchable tokenization based on
a specification that we've been working on for interchain identifiers. So that's quite a mouthful. Probably becomes a lot more real when we start to talk about the specific market phases and specific use cases that are building on Excel. We like to call it the
Web 3 Internet of Impact and the idea is this is not the only network in an Internet of Impact but this is a abstraction on top of the infrastructure of Web 3 using these technologies for the purpose of this data will social environmental
and economic development and climate impact. Yeah, so I think that is exo in a nutshell. It is of course quite a extensive tech stack and can be a bit
Confusing to newcomers, but we have been developing for a while and the tech stack is coming together nicely now Yeah, maybe you want to give us an introduction to pop corn as well Mike hope Sure pop corn is it's a multi-channel
DeFi Wealth Manager that offers exposure to liquid asset strategies that not only are you on your crypto assets, but simultaneously fund nonprofits and social impact organizations and have no additional costs. So we make it super easy for you to deposit your crypto. So at the moment
stable coins specifically as well as you can stake pop you know earn yield on those on those tokens and yeah create positive global goal impact at the same time I would say my role right now is very much
improving or optimizing the systematic value for all of the not only the pop token but our stakeholders. So the fees are distributed. When you transact on popcorn, all the fees are distributed to the Dow, our Treasury, the Stakers, and
our benefit sure is. And so you can actually kind of like compare us to yearn, given that we are in the game of creating asset strategies or automated bolts for those of you out there that are familiar with, you know,
a bit of the new weeds of D5, but kind of like a tweak of the smart contracts where we just redistribute the fees to our beneficiaries that the community votes on. So you can interpret it as a way of banking, you know, a new paradigm for D5.
I think we carved out a niche for ourselves within DeFi while all these other lending and borrowing protocols continue to pop out which ultimately for us becomes plug into and then have those ecosystem
kind of redirect through popcorn for those like community members that want to do good in the world. And that's essentially how we've positioned the protocol or I guess like the marketing narrative is that we are the do well to do good defi protocol.
in the space. >> Right. So it basically gives you an advantage on just regularly taking your assets with a deck, so to speak, and as well allows you to do good at the same time by supporting these impact projects. >> Exactly.
And then I also noticed you have the ability to mint the butter token by depositing stable coins. Could you clarify a bit on how butter plays into the ecosystem? Yes, sure. So butter is a structure of products. It's ultimately
a novel asset strategy. What we do is you can interpret it as like a yield aggregator or a yield aggregator. What we automate is the process of deposited in your stable coins and then farming them.
There's a lot underneath going or there's a lot going on underneath the hood. So those stable coins are issuing LP tokens from the curve, the liquidity pools based on the curve pools that the DAO votes to deposit into. And then those LPs are farmed on
year. And so there's a bit of other magic that's happening with, well, not so much on the popcorn side, but I mean when, you know, convex bribes that really kick in, you know, the bearable rate of return for these
products can be pretty volatile because like for example this other structured product we got similar to butter which is called 3x the s which pulls at the s and x pool on curve is being
formed through a year. And so when there's more fees that are generated on through the synthetics platform, you know, the variable rate of return goes up and, you know, the benefits all of our users. However, just to answer your question, I guess, in a
shorter, shorter way. The butter token is this structure product that has all that stuff going on underneath the hood. You can mint it, you can stake it, you can stake it and earn more pop rewards. And like I said before,
or all these transactions, all the fees are going towards our charitable organizations. Amazing. It sounds super interesting. Could you maybe tell us a bit more
more about the organization. So you've been supporting so far. Yeah, we have roughly 1300 verified charitable organizations that we've
verify ourselves or we partnered with Gibbeth and it worked with the Giving Block in terms of identifying the organizations out there that can accept crypto which is really important. In a perfect world it would be great that we could donate all of our fees and crypto to any charitable
organization, but that's not the case. So when we launched the protocol, or I guess that when we were pitching popcorn last year, you know, what was important to us is that we wanted to focus on open source education, environmental and social initiative.
And so we set out to create a foundation specifically to interface with more of those legacy organizations out there, given most of 501(c)(3) or I guess any charitable organization for that matter.
is most likely not familiar with blockchain technology or DeFi, we're slowly getting there. And so the foundation can actually donate to any organization. So there's no
restrictions or limitations there. However, yeah open source educational, social and environmental initiatives were, well we decided early on that were the initiatives that were important to us that we wanted to help out.
Nice, it seems like a nice and constructively to keep continuous funding for these projects going, so to speak. You've been talking a lot about legacy organizations. Are there maybe any crypto-native projects you're supporting in the ReFi space, for instance?
At the moment, no, but I actually do know that there are crypto negative organizations that we have on boarded. We just haven't donated yet. I guess the interesting thing about Web3 is that, you know, for
other projects like Gitcoin or Gibbeth that are obviously the very Web 3. We help each other out. Like I said before with Gibbeth, they went through a lot of the, they've already done the legwork in terms of identifying a lot of the benefits shares that
that we decided to include on popcorn. And so, Gitcoin does a lot of, you know, there, I think, you know, what they've introduced in terms of quadratic funding on shame, something that we admire and, you know, are looking to implement on our side as well. So, there's a lot
A lot of collaboration, I would say that happens within the Web3 space, but organization-wise, I guess, probably just like a handful of types of projects that can accept crypto. That are crypto-savvy or crypto-specific as well.
Yeah, that's it. Is there anything you'd like to comment on this? Yeah, so I mean obviously all of this is kind of emerging and we've seen a lot of things shifting in the last couple of
months in terms of inflationary yields, kind of focused approaches and so on. And we've seen a lot moving quite quickly as well within the the Dow governance space, with I think people just getting experience of what works, what doesn't work. And so I'm
particularly interested to get real around like what are the things that have been successful and what have been something that have been challenging and what can we kind of learn from this and where do we go in terms of building on these ideas. And then I'm also interested to talk about
How we leverage the, essentially, the payments that are going cross to organizations by leveraging private capital and risk capital. But that's something we can talk about, maybe as a second part. The specific thing we've been doing a lot of work around
and results-based finance or outcomes-based finance and our Alphabet mechanisms. So, it would be interesting to hear your views on that. But firstly, where do you see things going currently given that there's been a whole lot of correction, a whole lot of learning in the last weeks?
I've had times where it reflects on everything that's happened and ultimately, I think the narrative specifically for DeFi and I guess I'll just focus on DeFi.
first. I think the narrative is stronger than error. I think if you really take a look at what happens with the bad actors, ultimately it was just human error, human flaw, and you know, you're going to take a look
at what we're working on using blockchain technology, creating these trustless non-custodial products. I think it's a very big reminder that the narrative that was introduced, I would say, I guess,
arguably with Bitcoin first and then when Ethereum came out, you know, this technology is really revolutionary and we have to remember that when you give your private keys to organizations, things like what we just
saw happen can happen and then a lot of people get angry and unfortunately we have a macro you know recession that we're in or going into that's compounding the I guess the
the downturn of if you evaluate performance by market capitalization, it doesn't look so bright. However, I would say, I've been in the space since
In 2017, popcorn is my second crypto venture. My first one was more biotech focused. In fact, it was kind of like the precursor to be to Dow, if any of you know about that project, but essentially a way to fund by our research and development.
I think they're using NFTs as the way to store data or for papers that can be licensed out by scientists, individuals, or corporations. But our, I guess, protocol was a lot more general.
But anyways, you know, my point is that I've been through a bear market before. It is a great time to build, it's a great time to learn. And I would say now, comparatively to before, you have so many more projects.
So many more real use cases, you know, jumping to, I would say impact focused L1s or protocols out there right now that are coming to fruition. And I think there's a lot of the really cool ones. I guess like popcorn could be included in.
in that group that came out in 2021. You know, a lot of these projects raised a bunch of capital with very, very sharp people leading them. I mean, like I'm friends with the guys with Cleamedown. You know, I'm very interested to see what's happening with, you know, on-chain carbon credits.
And I think that 2021 was really the beginning of an impact-focused blockchain. How do you want to brand the ESG Central? I don't know. But I think the future is more prominent.
than ever. I think it's just really hard not to look at what that future likes while like avoiding, you know, interpre or evaluating it through like the macro lens as well. However,
And I guess my last point about like impact driven projects, you know, I would say that I mean, take a look at what happened the last couple of years with COVID. You take a look at like the racial and social injustice in the world. You take a look at what's happening with Ukraine and Russia. You know, I think projects
projects like any impact-driven project that is Web 3 centric and has substantial community or any kind of community that's supporting it is definitely the next
It's definitely the next gen technology that will reshape, I guess, how we do things all together. I don't really see this correction as a bad thing. I think there was a lot
agreed out there at the same time and you know things come in cycles and this is you know a cycle and yeah that was kind of a long-winded answer but hopefully that all made sense yeah and I certainly and and most of what you said completely resonates with me
I guess one of the things we're dealing with is that non-crypto or crypto-curious or traditional organizations that are all of the above who were coming across the line and I think it'd been in a way kind of frightened or fraught.
from the capitalist race because of these narratives and the perceived risks. And so it's super important for us to get right what firstly has some really good stories of success and then to get right what has failed in the traditional finance space and I think what we've seen
happen as you've described is part of those human failings that have been brought in from the ideologies of traditional finance into DeFi. So one of the big risks that I
see is what is recognized as impact washing or green washing in the traditional finance sense and it's huge. As you know, future milder, green washing and impact washing goes on. The promise of blockchain is transparency and accountability.
accountability and verifiability and all these things. But unless we really have rigorous ways of implementing that and ensuring that we don't end up with some big scandals that really just say, okay, a bunch of kind of do-good capital was
was distributed, but look, it's been used for the wrong reasons or the impact claims abroad. What results were achieved with that, who got it, what happened there, they found out to have been not justifiable.
Are these kind of risks on your radar and one of the ways you think about combating them? I wrote an article back in December about ESG being... I think the title of the article was... I can remember frankly, like ESG being the next $1 trillion dollar.
As a class and I wrote the article with you know in mind that you know, yes, she has really become this this greenwashing kind of mechanism, you know beyond being a buzzworthy term and
I have kind of mixed feelings about it because from one perspective, I look at ESG as, you know, I go back to like what
pre-ESG, what the terminology or what socially responsible investing, or what that was introduced in the '60s and ultimately, I think there were some corporations in the UN
2004 that really like popularized the term and now there's just a lot of companies out there that just say like look at our ESG score. So I think socially responsible investing or you know addressing
you know environmental, social, government, initiatives in the world while generating revenue is not a bad thing, however to use it as
a way to, well, I mean, they just don't agree with the green washing aspect of it, meaning that it's not a genuine sort of approach that a corporation is
in terms of trying to create some sort of a impact. Yeah, and going back to the transparency of blockchain and some of the points that you said there, I think a lot of the projects that are
that are trying to essentially optimize how you can not only report on efficacy of where funds are being distributed to by the organizations that
use them, but also just overall, you know, donating money to causes that really matter. I think like that
That is where I think Web 3 or projects within the cryptocurrency space can really shine because they
can be really specialized there, given that the underlying technology is built to show transparency.
And I think there's a lot of really interesting projects that are coming out that and honestly because I keep falling more and more into the weeds of DeFi, I think I've been losing track of what's been really been happening.
and I'm happy to talk to you guys about what you're building and I'm also like more, I guess, I think it's cool that I guess you guys use the Cosmos SDK to pump this out. So yeah, I
I don't agree with greenwashing, however, at the same time, I think ultimately, like, ESG's become like this, just like go to word or buzzwordy term that really just
and shine such a hot light on the space and the very like, I don't know, it's a flawed way of going back to what I said about like socially responsible investing, which I think
ultimately is something that is kind of like undeniable, but when like if you are a trader or you're going to investorly going forward. Yeah, I think a lot of it is about the opacity. So there's the reports that are issued and usually
I think companies all have audit firms come in and do some internal verification and so on. But it's all... it's difficult to measure or difficult to quantify and it's difficult to independently verify.
And so that's, I guess, legacy that we're trying to do better. And I guess there's two things that we really have been focusing on that hopefully bring some value into this. The first is tokenization of outcomes.
So with tokens being really good carriers of information, verifiable data, enabling the certificate forms of impact or outcome representations. And we've, I guess, most familiar in the tokenization sense with carbon
and other areas of outcomes in relation to social and environmental outcomes and SDGs. And so having these information units I think is really important.
because that's got to verify. So this is going to enable us to put a value on these units because they're tokenized and enable them to be composable and used in decentralized finance and re-fi applications and so on. So that's super important and I do see the
the market trend really starting to pick up so many a lot of interest now in impact certificates and impact tokens and so on. And so I think we went on to something there and hopefully the kind of standards and interoperability and protocols and so on that we have been working on for a number
years around us are a useful contribution to taking this forward and we're involved in various initiatives to do that with others. But once we've got these units of value, these units of information, I think then the next thing is creating marketplaces for
outcomes. So actually purchasing outcomes rather than putting funding in and hoping that something good is going to happen. And for that, the general term is called outcomes based financing or I think some kind of flavors of that that we've seen within Tread 5 have been
like impact bonds for green bonds, which have their own problems. And so, with an exo, we've been focusing on a cryptoeconomic mechanism called NALFA bond, which enables continuous funding based on
risk investors putting funding into a project and the pricing of that risk investment changes over time both in terms of the bottom curve dynamic but also signals that are coming in from real world measures of whether the project is likely to achieve its outcomes or not over those outcomes are defined.
And then when if the project succeeds and makes an outcome claim and says, yep, we actually achieve what we set out to do, then there's an either an outcome payment, which can be an offtake contract or it can be a specific outcome payers decide who's agreed to pay for the results or it could be
that tokenized form of the outcomes, whether that's carbon credits or other forms of impact tokens for which there's increasing your marketplace. So that's kind of in a nutshell kind of the two mechanisms that I think can bring a lot of value into
This is what we can do with Web 3 that we can't do with Web 2 or with traditional approaches by adopting and building on and improving these ideas that have got implementations in the legacy but generally have not worked very well.
How would you, so I think like an interesting question that would just be good for non-cryptosavvy people that are interested in more of the impact focus projects out there, would
be how do you evaluate a token that is the representation of an outcome? Let's say if it's a donation or what have you. Given that these tokens are tradable, what is the future expected value of that token? Is it more
important that the token exists as representation of that outcome and does it really matter that it's tradable as well. I think like for me just working in I guess more have a financial audience in mind. I always like wrestle with that.
with that sort of juxtaposition because tokens are traded, right? And people that are getting into the crypto space, they immediately are thinking that, okay, if I'm buying this token, I can trade it. But now you have this sort of evolution of
You know what a cryptocurrency is if it's you know if it's if it's an NFT that represents the outcome of like a donation or what I mean, but I mean That's where I think things got a bit tricky for for people that are coming into the space and ultimately it's just like Consistent and in constant education
that we need to be essentially creating for everyone. But what are your thoughts on that? Yeah, I think the first thing is really to put this very firmly within the space of non-fungible tokens. Of course, you can create derivatives and so on, but really emphasizing the non-fung
which means that there are attributes and qualities of each of these tokens, each instance of the token, and then there may be similarities across classes, but there are qualities that would differentiate them in terms of their value. And we're seeing this, I think,
evolving within the tokenized carbon kind of space where you have base natural, base carbon ton, natural carbon ton, etc. which I'm not necessarily like traded as NFTs but they underline have got attributes that are defined at a class level.
which make them differentiated. So whereas maybe early on one common credit unit was same as another common credit unit, I think there's a lot more differentiation now because of the informational value that we're able to bring into this with the
with the data and the tokenization based on classes and characteristics, so I guess an NFT sense that kind of traits or properties. And so that's the first part, is differentiated informational value.
based on the kind of attributes that we can now start to add as information to these certificates if you like, digital certificates. The second part of it is that I don't think it's all about financialization. So holding a
and impact assets. It may represent a reputation or a rights based, which could include access, which could include the rights to perform further work, or maybe the right to access a specific resource.
And with that potentially comes governance. So by being the producer of an impact or the outcome that is being claimed, you can potentially be given rights. And those rights are
transferable potentially depending on how it's set up. And so as we're talking through this, there's a lot of different use cases and different requirements for this. And this is why we've developed a specification for tokenization, which is basically an interesting identifier.
uses DID documents that enable you to create configurations of different types of tokens based on their properties and their behaviors. Those properties include executable and non-execubital rights and link resources that are specific to that
asset. And so what we've got here is the material for, I think, some very cool innovation around how we define the products of projects or investments organizations that are producing art
That's supposed to be complicated, but trying to summarize a kind of long period of work around looking at this at a protocol layer in terms of the information and what you have and what you can do with
with these tokens. Yeah, I mean that makes sense. I think like, I mean if you really just look at it through what a what a smart contract can do, I mean an NFT is smart contracts, a year, three, 20s.
issue with the smart contract. So like the ability of a smart contract would be automation and being on chain and it being the sort of like trigger kind of like mechanism where yeah I can get grant you a license or exclusive rights or
or governance rights, I think is TLDR of like everything that you're saying about like if you buy an NFT or an outcome with an NFT or what that outcome represents with an NFT, you can do more than just
trade of that whatever the spot value is. We've been having an interconvitation with the protocol labs research team. I was at the funding the commons event in New York a few weeks back and the team there is
is kind of leading the development of this idea of impact certificates, which I would to notice a few other kind of people who have come into this conversation from Bitcoin and elsewhere. And so the idea of an impact certificate is that you can claim
having achieved some impact, having achieved an outcome. So it could be okay, I'm a I'm a I'm a physician and I have I have treated so many people with this with this conditional prevented so many cases of this condition and this is
claim on making and based on that claim and some birth cases that claim you you can issue a verifiable kind of certificate and with that being in an NFT form you could now use that to for instance cell shares in a certificate which is in essence selling shares in
the productive capacity and your future productive capacity to be able to continue doing that. Now because you have a composable unit, now perhaps you find another position who is doing something complementary to you and you want to combine forces, join the investment in terms of
Capital that you have, essentially you're building on reputation and are now starting to create these composable organizational units and you know your imagination can kind of run from there in terms of the assets one can associate with this or
the issuance you can do from it or the governance rights you can associate with it. I think this is really where a huge amount of the innovation is going to happen over the next phase is around NFTs moving from being fairly sort of simple unicellular things to becoming much more
complex living, breathing, evolving entities that are the substrate for a huge amount of innovation. Right. Yeah, what might be interesting to add on to that
When you were talking about the value of tokenized outcomes, Michael is that in an alpha bond there is eventually an outcome payer that sets up a certain amount of capital for a specific number of outcomes, so to speak. And so, in essence, instead of these total
tokens just being tradable, these tokens could also be redeemed through this alpha bond mechanism which allows these tokens to have a stable value regardless of price fluctuations on a Dex for instance.
Yeah, can you explain that so why do they have a stable value? So basically if we would make it tangible with for instance carbon credits, right? So we would have an outcome payer that would Like to generate let's say a thousand carbon credits through an alpha bond and puts up
let's say $10,000 worth of capital for the generation of these carbon credits. What theoretically could happen is that these carbon credits are publicly tradable on a deck where the price fluctuates due to buying and selling pressure, but they could also be able
to once these outcomes are tokenized and verified and it is a carbon credit, they could also just directly be redeemable with the outcome payer for a share of the capital set, set apart to buy the outcome.
giving it a stable file you would so to speak. >> That's actually a very interesting. Cool. Yeah, that's what it reminded me of. I was reading through a Gitcoin governance proposal the other day.
I think it was for this project that they were building called getcoin aqueduct where they distribute tokens to developers by creating and running quadratic funding.
So this is obviously all non custodial all in shame. So this, you know, you're speaking about Alphabond's and you know, what we're doing on shame with popcorn and like get coin doing these automated aqueduct quadratic funding rounds. There's a lot of
super interesting innovation that's currently being worked on. And so, you know, what I think about the space after all of the bad actors that got flushed out are there currently being
I mean, these are the things that remind me that everything that we're working on, or we have been working on, is not only relevant, but I mean, these things are real, and then in a couple of years' time,
They can be very revolutionary. I think we're all sort of, I think we always say that we're still very early and I think we really are because I think
think a lot of the stuff that we're working on is sort of going to be the underneath the hood, generally speaking for like non-crypto savvy or just like retail, let's say, when they come and use this technology sort of like, you know, like an AWS or, you know, you don't really know what's actually
going on when you're using your Gmail but it's super easy to use it right. And so like these things are definitely going to reshape like guess how we just you know you want to call this you know charitable giving or what have you I mean it's definitely going to be a different
world I would say by 2025 or you know for sure by 2030 and so we just have to keep building. Yeah I think it's also interesting that you already see now in the Reef Ice Base that
The permissionless nature of blockchain really allows for the generation of a way more bottom-up approach and small, small local startups can directly market their product to a global community of potential investors. And you can really see new
business models arise with the generation of carbon credits over small plots of land and yeah it really removes the gates of the traditional impact markets so to speak. Yeah for sure.
So what's the roadmap look like for you guys? What's coming out in the remainder of the year? I was coming out early next year. Because I'm actually very intrigued now. I knew very little. I knew Will spoke to Sean last year and I've read here and there.
bits and pieces of what's been happening with Excel. But I mean this is this is really cool stuff you guys are working on. Yeah, so we have an upgrade to our main net that's coming up in a few weeks. We've just done the upgrade to
And this is bringing a bunch of capabilities, including, um, bosom wasm, so kind of very kind of cosmos focused, but the cool thing is it enables, um, uh, smart contracts to run on on the chain. And so, um, in a curated governance data
kind of way we can bring kind of all diversity of different kind of mechanisms on on chain. So that's the one part of it. And the other part is is the full dial capabilities and and the new NFT standards that I was
just speaking about earlier. So all of that's coming online with the chain upgrade. And then linked to that, we have the launch pad, which we're super excited about. And I think we were talking about it's micro, we're talking about it at the beginning of the calls. The launch pad is a mechanism
for accelerating organizations that are building regional or sector specific marketplaces. So we've already been working with a bunch of organizations which range from the impact data consortium chain in Hong Kong which is serving the social sector
collaboration with the Hong Kong government. We've got a youth marketplace in Africa which is creating employment and learning opportunities for youth in the green economy. We're working with Ikronavi and Brazil around small scale agroforestry.
So each of these is a marketplace that is customizing and using the web application platform that we've developed, which enables them to configure their own marketplace, which connects investors, project implementers, organizations,
they can form as dolls with the assets and exchanges. So it has built an exchange in each instance of it. So you can think of it as a kind of wordpress for the Web 3 Internet of Impact. So that launch pad is not as
portfolio candidates that are going live and that's being supported through a coinbase giving grant that we've just announced today and then there's a pipeline that continues through that and we have some really cool projects with some of them where you're not ready to go public
with yet or they've asked us not to speak about them yet, but it includes things such as household cooking, low energy cooking in Africa and various other projects like that.
We will be launching the mobile application which is an agent based impact wallet which enables individuals to manage their impact portfolio and also make claims, connect to projects, make claims get paid for submitting claims either, you know, financial
or with other incentives tokenized incentives. Yeah, so that's pretty much what our roadmap looks like for the remainder of this year is a number of software releases really kind of going coffee live with the launch package.
and upgrades to the underlying infrastructure. Cool. What about, yeah, what about popcorn dollars? Is there anything exciting coming up on your end?
Yeah, actually we're about to have a big release shooting for the end of August. We will be releasing many more products, essentially creating the infrastructure for single asset vaults going forward. So you'll be able to deposit, let's say, Ethereum
or SMX or dyes and automated ball strategy that automates the yield farming through the year and well, through it being a yield aggregator essentially. And so that will allow us not only to, I guess, broaden the range of
are suite of DeFi products offerings but also generate that much more fees. And so ultimately that's like the most important aspect of the protocol design is that we extract as much value from people transacting on popcorn such that
we can donate to our beneficiaries. And there's a lot more, I would say, in terms of development on like the boat escrow aspects of the pop token and being more so incorporated into the governance and redirecting
and correcting emissions to certain products that, you know, let's say if you have a theory, and you want to state your theory, and you want to earn more rewards there. So kind of like, you know, what's happening on curve and convex. So I think, you know, we've sort of been under the ray, I don't want to say underneath the radar, but I mean,
We launched last year and took our time to build products, novel-assist strategies that are product market fit, especially more so given that everyone's holding stable coins right now. But also like to our time just
auditing during our due diligence. I mean given that we look at every cryptocurrency but do our due diligence in terms of looking at not only the code but if the team is doxed or if it's like a stable coin specifically
of a product, if the price is deep-pagged, what does that look like in the future? Being in D5's is like, every day there's a new nuclear bomb going off and dodging bullets and the matrix.
So, anyways, it's exciting to finally release the bigger aspects of what we've been promising to build at the end of the month. So, definitely watch out for that and also there's
very cool rebrands, so the cats and the popcorn that you see on the website right now that they're going away and we're going to have a new fresh look. Sounds exciting. Being able to integrate curve into your product suite really opens up a lot of new possibilities.
last year and the Olympus Giving program where we donated the state's home to the beneficiaries that we determined in popcorn dial. I think EMS, GIP coin and who else? A radical or part of like the air job. So just getting the popcorn
token and more and hands more of people that have a higher proclivity in participating in governments because ultimately that is like the most important part for a Dow if you have no activity in the governance side then there's really no point in the Dow.
That's something that we're looking to continually optimize. By 2023, we're really looking to make a serious impact on the fee distribution side for our beneficiaries. So yeah, it's exciting times.
It's great to hear. I see we only have four minutes left on the clock. If there is anyone in the audience that would like to ask a question to either popcorn, Michael from Popcorn.com or Sean, then feel free to raise your hand.
Otherwise, I feel like this could be a nice moment to cut the spaces. Yeah, I just want to thank you, Michael, for coming on and sharing with us what you're doing.
really also giving the perspective that you have about where we are and what we're building, what we're building for and really appreciate that as a kind of fellow impact builder and look forward to seeing how this all grows out.
in the coming months and years. Yeah, thanks for hosting me and I'm definitely going to be tuning more into what you guys are doing with Ixo. And yeah, there's just way too many great things that are happening in the space right now for
It's going to be very interesting what happens in the years to come. >> Yeah, I feel there's definitely a lot of synergy between our project. So for sure, you need to keep in touch and I'm excited to see what you guys are doing.
are releasing as well. Yeah, thanks. Cool, so then I want to thank everyone for listening and coming to the spaces and we'll see you again next week. Thanks guys. Thanks, everyone.