gm NFTFY! web3 news: Future of Social Media

Recorded: Nov. 4, 2022 Duration: 0:30:20

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Hey my dude!
French ago up here just same day.
So this is the station.
Good morning Samuka, here we go. How are you doing today, my friend? Lots of things to read. Lots of things.
Yeah. How about what you were reading? Well, there were very useful insights on give-yb presentation lessons. So I made some pointers and now I have to check in on the notebook.
And I've already, I don't know, saw some articles online that seem interesting for reading. So I'm gonna do that this morning.
I'll talk to you in a second.
create, know that optimism really stuck with me, know that the model really it's really attractive. But crypto, crypto and eta are co-hosts.
How are you doing my friend? Jim Freds. I'm great. How about you guys I completely lost like the yesterday's heba talks about got those governors. I'm pretty sad about
it but it was like for a great reason. Yeah, I'm sure. Yeah, I'm like, good way. So I have like some. You are good reading. Yeah. It's true. It's true.
So, yesterday I went to a church to commemorate this, and tomorrow I have a party, so I'm really sad about it, but I know that it would be like next opportunities.
But let's go. Yeah, no, it was really great. GigiBoi is a guy that really researched things before, say. So a lot of things I didn't know about the history of some doubts.
in some models that some dolls created. Somehow we tend to think that the mainstream ones are the ones that create something. But at the end of the day, they didn't create the
just imported a model that a minor dow created and was innovative enough to claim attention and to do this big dowels to interpret as well. So I thought that MakerDow Framework
was created by them and wasn't made by compound finance. The bigger reason of optimism was not made by optimism. But it's the one that did go
mainstream in some way. So just a quick question to random curiosity, how is your feeling of graduating high school and being a crypto native?
I was the... the feeling.
So that was something that was something that passed out on my mind yesterday to day and basically like every other day. And I got to say it's really weird because I don't agree with a lot of things
related to law, practice and law, nowadays is basically shitty to me, living on a desk like 9-10 hours a day and work for somebody else. But the thing that really gets on my mind, it's like
the compensation difference like in web 3 and in law school like in law school you have to study at least five years to graduate and when you graduate you went up like getting, if you get a good job you end up like getting like I don't know 3 to 4
KKIs but you studied like five years you did a lot of text you work as a intern for a low office or on some new lady to the government so this
things are like the most that I keep thinking and I couldn't like be more happier with the choices that I made but seeing like all my friends and everyone that I studied like for the past five years graduating and like happy with their child
I think the law system is kind of fucked here, Brazil, especially with people that are just withdrawing. I don't know, I think Hermes could also add something that we both do to this discussion, but
In the end I'm so so happy that I am wearing a web tree. I have a lot of time and opportunities to create and to work something new. And not only like working on a desk, on my 9 to 5 job, to somebody else. So I'm so much happier here and now that I want
was like two years ago working for some, some, uh, law office. Yeah. That's it. But I can talk about it like for a whole day if you guys want. Great. Uh, Hermes, if you want to say something morning guys.
I am just a little bit older than Kryptonita. I have had this appearance of Arival Caching and what is the
The problem with that to me is that it's a money that I don't feel happy to receive. It seems like you are working for people that are in need.
You know, there are in a very bad situation in life and you charge then tons of money to do things that in most of the time we will not have any practical result for them. This is how I feel about that. I don't like to
money like that, you know, it's not pleasant for me. You know, I was lucky enough to pass the bar exam before the graduating. I made the exam when I was in the final
six months of the law school. I was lucky enough to pass on it and I started advocating right before graduating. I joined the post-graduation course
and I was kind of a thriller to make money with that. I even opened an office with two of my buddies from the law school, but it wasn't pleasant. It wasn't the kind of money that bring me joy to
doing. So that's why I just quit this. I just decided that I won't do that. I still advocate for only, you know, for close friends and family, things like that, just to pay for my...
Advocate license, but I do not intend to work with that. I know there's a lot of money to be made mixing like both law and crypto. I heard that people are charging like 3.5K an hour to
And I find it very interesting because there's almost no regulation at all. People are just selling themselves, especially since it's in crypto law. And I find it very interesting. They are making tons of money. But I wouldn't feel guilty.
to chart that amount from all these degenerates here from web tree, but I just can't do that. I don't know how to do that. I don't know if I am interested in studying.
trying to create some theories and anything like that related to law. Sorry for kidnapping, you know we have just a little we don't have much time I don't want like spend all all this space talking about law and crypto go ahead. No problem.
No problem. It's very interesting because there is a lot of lawyers or some people that have the law background, law school background in crypto. It's really, really strange because sometimes we see the archetype as someone being bureaucratic
or not liking innovation or some more volatile niches, as crypto, as web3 is. So it's kind of interesting. So guys, just to tap in web3 news,
No, we talked about Polygon and Instagram last day. Polygon is making a huge thing and making a lot of partnerships.
But I think it's time to focus on the other part of the equation. We have the polygon parts that we talked a lot about yesterday.
Now talking about social media and web3, or web3 social media and social media, in relation to web3 features. So how you guys see the adoption
of crypto or crypto features, NFTs, means marketplaces in web to social media. This is the first question that I want to hear about you. What do you guys think?
good if you want to start it for free. Yeah so I don't know if I'm kind of sick today, not always. But I don't know man, I don't know if you'll agree with me but I think like even though
like this social media that we have today are trying to adapt themselves to a pre and to create new forms of interaction like Instagram, partnering with Polygon like Twitter and allowing us to receive donations and creep to and to
NFC profile, NFCPSP profile. I think we eventually are going to need some web-tree-native social media. But I don't know if it will get metadaption, maybe like metadaption from crypto.
but not from the whole world because in the end of the day a lot of people don't want to learn what is blockchain, what is NFT, what is crypto and they just want to use some app that's
that they can post like photos that they can interact with other people and they can sense a they can get a feeling of community but I don't know like as we are like talking the other day it's so crypto and this
future right now for me it's so unpredictable we cannot expect that you cannot we cannot try to plan anything like everything can change in six months like I really I told you I like I think like one day or two ago that a lot of times I
try to think like what's the crypto what's going to be like crypto blockchain two three years and I don't know because I don't know like what it's going to be like six months ahead so it's a tough question it's a really really tough question why do you guys think my hair isn't and dude or Victor what's your opinion that
So I'm okay, now I'm using for some of you free. I agree with Jones opinion, but
I have an input that I think it's important. Sorry, sorry, it seems like you are rugged. I don't know if you are rugged or is my internet. I think it's your internet. Sorry guys.
So, it's a bit different to... Yeah, I think it was important that things on Web 3 haven't evolved to a place that it's common use yet. So, just like not everyone like mine
And my dad and my mom used Facebook or Orkut for my space a few years ago and right now they even on the Instagram
or some kind of people on Twitter and know how to use. I think these technologies evolve to meet people's necessities and
I don't know, I think it's kind of a visionary point of view, but when Web3 and crypto and NFTs, digital collectives and digital assets, music, art, finance, how goes into the digital world like it's a movement, a movement we've been seeing
in working on bringing that to the common user, at least to a wider range of approach. So when that happens, I think the social networks or social media will evolve to meet
the people necessity when it comes to tweet. That's my opinion. So when you then I don't see it getting as adopted but at some point in the future I don't know maybe we can get there and
the things we have right now people, we all learn that we shouldn't trust us, we trust today, matter, offer and others companies that take care of our lives like in ways you do, you don't want them to do because it's inclusive and frankly
manipulates you in a way it's not healthy at all.
I believe in that it's a work in progress. I have faith in the humanity.
It's funny how things get the big text and all stuff. They're trying to create something in what you're related. And besides that, it's still being web too. Where is your... you went to add something.
Sorry, please, please repeat the question because the internet is rigging me. Oh, no problem. The question is how do you see the web to social media onboarding some web features? Some energy, some complaints or something like that? I see that happening very, very...
shortly in its closer than we imagine man. I see the social tokens and this phenomenon of mixing new socials and crypto happening like any time now you know
I think that this will blow up, and I think this will be huge and will guide us to mess adoption sooner than we can imagine it, because people are already working on it. I've been invited to be like a better tester in a social
tokens platform and I saw what they are doing and it makes so much sense because you know the asset that the time that we spend on the internet and the engagement that we show on the socials are like an asset right people make money all of
it, our data and things like that. And this will be like the, this is creates, creates wealthy, you know? So it's almost like mining. It's very interesting how great it is.
There's a lot of challenges to be faced because there's a lot of bots and fake engagement and things like that. People know that when these are already worth money, right? Because if you have an Instagram account with millions of followers, you can make a lot of money or worth it.
As soon as it turns into actual coins, people will be more concerned about that. And I think this is the only thing blocking us to take this step. But it won't last long because people are already developing a lot of solutions.
related to that, you know, you see that some people like to to some people like Elon, it's not my case, but he's trying to do that with Twitter, I guess, by adding this this chart,
for some features and trying to make it only with real people. And I think that as soon as we find more ways to guarantee that people are real in the socials and so crypto will hit it very hard. This is how I see it.
So now let's invert the question. I want to ask you guys, what do you guys think about the initiatives of creating web tree social media?
platform like lens protocol or the ones that state use I believe that they have other ones. What do you guys think about these kind of platforms? Web-creenative, social media
Good if you want to go first. Yeah. So I love the concept of the protocol for example, but I really think it needs a lot of improvement.
Because like it's like like need or not it's in an early stage So a lot of things are developing like related to lands like I think our protocol I've been following some of them but I have been
I'm not like my eyes, I'm shining for anything right now related to that. But I'm really bullish on that. I think like, we even have a term like crypto twitter, like CT here. So in a lot of people talk shit out.
Most of the time, about Twitter, don't like Twitter, don't like Discord, or like Instagram, they are all like WebTube, they can hug you and in time they won't. It isn't your own account, it's an Instagram account that you kind of own, but they, in the end of the day, if they want to rug you, they can.
So I really do think that some web-tree socials like plays for the point of trying to become can be a huge thing in the future but I don't know if it could be a huge thing like for everyone, maybe for
people that are ready to quit or know how to use like a meta mask or wallet but I don't know if people we want to like separate themselves like not I'm not gonna say that in a bad way but like I don't know if Narmies want to like
get off of Instagram and start using a lens protocol that may be for people that are ready to crypto or anything like hook-grading lens, how can lens help you but right now, for the November 2022,
I don't think we are ready for our three socials. I don't know if you all agree with me, but I think we need to solve a lot of other problems before to start to worry about that.
great. Dude, you're at something.
I think I made my point to look my last sentence about this topic.
And I agree for opinion on the current market on this topic. So I don't have much else to add right now.
Yeah, you know, as I said, I think that the biggest obstacle that we are facing out to the merge between like socials and crypto is more related to socials
those fake engagement problems, then the main problems faced by crypto, the scalability and the operational costs of it, because we already have a lot of cool solutions to that.
And we can use the DAGs and the layer 2 things like that that can escalate and almost don't require any mind. You don't need anyone mining to make it.
the network flow. I think that we have enough solutions in the crypto side of it. But the biggest challenge that we are facing is the socials not being ready to
disclose all the fake engagement that are attached to there because most of the biggest people in socials have a huge amount of bots following them and things like that. We already know that, right?
This is real, there are estimates on almost half of the people on Twitter being bought and things like that. So I believe that they need to fix this first because otherwise we'll be impossible to do this step.
Yeah, of course, Boatz and Twitter is something that is really a problem. So, what can you do to go for it? Yeah, just remember something that
Vincent Chino told me on an event that he is new on Webtoon's show, that he's taking it that it's a window for showing off his own collection and the NFTs he has collected.
on his path on this world, you know. So I think that's an interest in how to use it and how to make your portfolio increase value by showing it to people and more people knowing it.
I don't know what's happening on that stuff. So it would be useful or it has been and I don't.
Don't use it very in that way. So I think I should start doing some research about it.
Yeah, I think that I brought out this dichotomy of web-tree-native social media and web-tree-sachemite of adopting some web-tree features because web-tree features are
attractive for us and for the webtoon social media. But again they have the network or they have people. They have people in there. So when you talk about social media what most important is that people is there.
It's like a mall, it's a shopping. If you have a lot of people, then it's worth it. Openly start. But web-tune-ative social media is attractive to us.
But I think that can create a bubble, you know, you enter in just people like us and create futures and niche. I think that can begin with this but I will not be like a real social media.
is just us, you know. So I think that in order to have a great web tree social media native, every web tree social media we need to have something really attractive or something really out of the box are something
something like that have really natural effect. So I think we need to work on that the best way possible. And I think that we have some proponents, the proponents that they can do it.
they can do it. But I think that how things are simple now, it's more possible that Web2 social media will allow more Web3 features and will grow in this way than in the waterway like the Web3 native social media.
But yeah guys, it's great to talk with you guys in this GM News. GM News if you find it a pleasure to do with you guys and see you next time. See you Monday.
See you guys Monday. Bye bye. I want a bigger one. I wanted that to be to last longer just to make it clear. I'm not satisfied yet. Yeah, we're gonna
I can't create it. I want that to take extra large. Alright. See you. Bye bye guys. See you guys. Bye bye.