GM NFTFY: what’s happening in web3?

Recorded: Dec. 29, 2022 Duration: 0:28:29

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Yeah, definitely the things that strike me
Friend, we cannot hear you friend.
They gave us a bad name and that's kind of worrying. How you'll see this impact going forward next year? Because a lot of people knew it after X. They were in Formula One, they were in Miami, Indiana.
they were in a lot of places. So how do you see that? Yeah, so I didn't catch everything that you said, but I think I understand. I don't know. I think from now on we will not see some flip-tops changes paying that much for
I don't watch Super Bowl, like Judge Me, but I'm not a sports fan right now. Even though I didn't watch the Super Bowl this year, I knew that basically, three or four crypto exchanges did
commercial that I know that crypto.com did and other Coinbase did. I think FTX also did something with Super Bowl and it's interesting to see because it's so expensive to do that but so expensive and like
All these changes try to do something and maybe all these two but they didn't get the spotter. I don't know. I do think that this will not happen again. I don't think that this will not happen again because the grip talk changes right now.
are more conscious about their money or at least I hope that they are more conscious about their money because like first we are on a brand market so like we cannot like be throwing money out of the of their and at the same time like this I know that they they coin base ads on super
basically exploded their website because it was like fun it was like innovative not innovative but it was creative that's what it is like man it's so much money for what like for new users Coinbase needs that because they are an app for a public company
But all these other exchanges, they need to spend better their money. And as CZ said, when all these exchanges promoted their ads on Super Bowl, at the same time there, that they are spending that much money on ads.
said that he was hiring people that he was trying to improve violence and I think that's the mindset that we need right now. I'm not saying that CZ is right all the time but we need people that try to develop this industry, not like try to get some more clients to their exchange.
So much to unfold and so much to things to happen and I just went to type it There is a lot of things that I want to discuss here but most of all it's How onwarding will be in the next year because we already saw Reddit
using digital collectibles as a name in exchange of NFTs. So this is something that is changing and changing NFS space. Mostly we will not know when or this language
when did this happen? And the thing is how you think onboarding on NFTs defied us, Web3 engine will be in the next year. Will be the same as it was or will be different.
That's questions also because I just sent on need to find discord some news that I just find out that the announce like I don't think everyone knows now knows NFTs but now's now and now's NFTs we will appear on upper rate in 2000 to
any tree, like there will be basically huge announced floating around this parade and answering your question right now like no I do not think that will be the same as we are right now I pray for that because we need to simplify things we need people to to see an FT is not just and some
some kind of JPEG but some have some utility, have some digital collective things. I understand the people that criticize this kind of initiatives but at the same time if we want to expand this ecosystem we need
more initiatives not only with Web3 to crypto but also like Web2 when real world solving real world problems. So I find that very interesting and I really like it like announce being on a parade that's going to be awesome and I just
point out before like passing the word to her is that is right here that I just read some news that China is going to launch their own NFT platforms like in the beginning of the next year so and I'm not saying that's good but that's interesting that's an interesting fact to like dive deep later on but that's it
GMGM guys first of all about you guys were talking about Solana you already know what I think of of it but we talked about Solana and got drugged you know I think that you it's moving to to polygon
It was a huge, huge heat to Solana because it was the case, right? The collection that like projected it and now it's gone. So it is a very bad sign because they were kind of a symbol and they just left.
So it looks like Solana doesn't worth it. And I don't see a bright future for Solana with the things that happen at lately. Of course, this is no financial device at all. It's just my personal opinion. And about the onboard, guys.
I think that we have two different things. One is the technology, the NFTs, the blockchain, and so on. And the other is the web3. I don't think that web3 will be ever mass adopted because it requires a solid
background on certain knowledge on different things. I believe that NFT and blockchain will be like, it will be mixed with things that we already use like the socials
And so it will be included in our lives almost like without warning. We will just start using it, not us, of course we are already doing that. But I mean, the mass, it will be included on the daily without even really
realizing it. But Web Tree is much more than that. Web Tree's revolution is a culture is a way of thinking. And I think that it will be much harder for this to be like mass knowledge, mass a quintenet, you know.
It doesn't seem like most of the people will ever get it because this is we are all privileged people from in a lot of aspects like educational and financial aspects. It's very hard for people to understand the complexity of what Web 3 represents.
This is what I think.
Yeah, totally I just I've been a tweet from Zora's line that leads to an article that very good article for Jacob Hahn and the most important thing is that the shift from internet itself
I would say that we will not talk about Web3 in the next couple of years, we will talk about Internet. It will be just Internet. How things work. And this gives solidarity to what we are building.
to create assets, create art facts in this new environment. This gives all the digital world a solidity to be based on.
Hermes said this needs to be natural like it is right now with you and most importantly the shift from incentives in the internet because we had the incentive of clickbaiting clicks
where the most important thing in the day and day and night and now we don't have this thing anymore this incentive is not the most important thing the most important thing is create value in artifacts and these artifacts people can collect and that is the shift collect
versus clicks. I highly recommend this article. It's a big one. It's a big mind blowing. Most of the concepts we already know, but they they jack up bring all together and that's that's really good.
But I want to know what you guys think. You guys think that we'll be this the right way or do you think that the internet will be at St.D. Space always. Like always would be for advertisement will be the most important thing in the internet.
I don't have a clear means for that. I was thinking here, as you were talking, I don't think it's a fair comparison. I understand the comparison, but I don't think it's a fair comparison to internet and web3.
understand why this rock and from books like I really do think that what we are building here aims to be so much bigger than like just internet so I don't know but I agree that we are finally trying to change this shit
We know that search the web, they know that we have a huge problem regarding to clickbaiting, to advertising, to our private data. So yeah, I really do expect that in a few weeks, in a few days, in a few years.
I don't know, we changed completely this shift and stopped giving power to just people that knows how to market things and not and a lot of the times are not building some interesting things. I'm just trying to promote our products
and in the end of the day, like don't support all the three are building here. I know that you are not a person on account who did the yesterday or the other days, something regarding to like premium groups, like to some kind of mentorships, like a lot of people trying to promote their products and in the end of the day,
of the data, nothing about what we are really thinking. So I really hope that in a few years that we will be like in the past not still happening because we need people that believe in the second system not trying to make some money.
Yeah, I think that we are expecting the meaning of what Internet is and how Internet will impact our lives. I would not think that Web Tree will be resumed to what Internet is today. I would think that the definition of what Internet is in our lives will be expanded.
That's the most important aspect of how things can go forward. It's to how to expand this, how to expand these to other values in our system. Because internet as it is,
begins as a decentralization of information and it has done a lot to decentralize information a lot of the information that we have right now valid or fake they are decentralized right now we have fact checks we have things like that
But the most important thing is that everyone has internet have the power to get information. So that's the first part. Now we are creating the same property and ownership. So imagine the power of that.
that the definition of what internet can bring to us is becoming a brother. What do you think, Hermes? Do you have anything on that? No, I'm not ready to share my opinion about that yet. No problem, no problem.
to add what you said is very interesting. I'm going to reflect this flex a little bit more because it's an interesting point of view about internet and about everything that was created and it's been created. So I'm going to think a little bit more about it and later we can bring back this subject on our spaces.
Yeah, yeah, definitely just happen into or less the last topic that I want to mention is an article about Dows Make it make it real no It's from the defined. It talks about a little bit about maker Dow
I'm here Yeah, no, I am the article me at dolls make it real talk a little bit about maker
I have a friend that always talks that make your doll is the most institutionalized doll. They make trades with banks, traditional banks, they hold some treasury bonds.
US, Treasury bonds, they create things for the real world assets to back their operations. So they are a very destructionalized doubt. This is not very common because most of us that we have our digital
organizations that don't tap into the legal system. That is something very interesting to see. How do you see that? Just to summarize, the article basically says that most of us are doing this shift to create institutions, to create
Yeah, do you really show personas to their organization to create some legal background? But how do you think this will develop? It's not here in New World.
but right now you are right now you are I'm listening to you or not I don't know if my problem is my problem is I can't listen to see off okay yeah just that being too
The question that I want to do is how do you think could it and the harvest you to have a lot of background law school background I want to ask how do you think that will develop in in in relation to the legal system the rule
would be always in out of the legal system or all those will be into attached to the regular legal system. I believe that the main problem is not related to like the organization itself, but the funds, the
The real problem, the real concern when we are talking about those because you have the here in Brazil at least and I think that is kind of average world wild. You have the Freedom of Initiative. You can create a company in the UK and write a contract.
And you can set the rules as you please as long as the company's objective is in a legal. So this is how it is here in Brazil and I believe that it's not that different word wild around the world. The problem is the phone system.
And we are trying to avoid the taxes and stuff like that. But you can create right now a Dow and like register the contract and make a company out of it. It's not that there's not a
the financial aspect. So I believe that as soon as the financial aspect of crypto is more regulated, the doors will blow. But I think that the financial aspect of crypto is more regulated.
I don't think that the big players want it to happen. I think that they want to keep their fortune high. So we will probably have the two tie
types of those like co-existing, the ones that have all the legal questions settled, the financial aspect is transparent and stuff like that and we will also have those like international models.
that are hosted in some like fiscal paradise, like Kaiman's, Iceland and stuff like that and they will be as good or even more important than the others.
Great, great answer. Goody, what are your thoughts about this? Yeah, that's a tough question because right now I don't think that any of you
Institution created by the state could really like get what the author trying to achieve. I know that there is already some regulations for the housing. It's like a kind of an island as Hermes said, but I
I don't think we will ever be able to reproduce what we are building on a decentralized ecosystem, on a centralized system that's the state and the government. So right now, I don't think that through the through-dows we will be able to
create decentralization to develop this implementation on traditional system. That answer may change in the future, but right now I do see a good path for that, especially after all the crazy things that we saw that we are still seeing on 2022.
like with tornado cash, with off-packing on the Alexa experts have with all this with FTX because even though that's not just centralized that this thing impact our ecosystem as a whole. So things are not looking good at my my semi-site right now but
that can change and I really do hope that this change because in the end of the day like creating some kind of regulation for a DAO which would be great for the ecosystem because it will create more, more, more, as the security relates for DAO's to development trying to
be bigger than just some kind of internet community so yeah I'm not I do not have a concrete answer yet for that but I really do hope that in the future I will have because yeah I actually have a recording today with Ghiba and we talked
about make her doubt in the last time that we recorded and it's interesting to see this whole ecosystem being built without any regulation and there is some good points on that and at the same time there is some risky things so yeah let's see what the future brings for us
Yeah, in the infrastructure layer, there is a lot of things to do legal and contract smart contract stuff and we can do a lot of things we can create a lot of
of its structures that will be hard to explain to normal people but will function. Well function in the ecosystem will function in the protocol here. I think we are
In the time that we are in the houses, big by camera houses, we are experiencing some of the tokens, we are experiencing a lot of things.
I think we are in this time that we are trying stuff and I think that we don't have the clear answers. As Harmi said and as you said
Herman, can you hear me, too? No, I can't. I think that now he's gone for good. I think that we can just move to the closing of the space once that is already 10 minutes past the...
the time to close it. I thought my internet here was not the greatest right now. But yeah, I think everyone for joining us today, have a great G.M. and see you guys next
time with tomorrow at the same time at the same place. Thanks everyone see you guys tomorrow. Much love and thank you all. We talked we talked again tomorrow. A pleasure for talk and to to be here with all of you as always. Much love. Bye bye.