No, no, no, no, no, no, no, no, no.
No, no, no, no, no, no, no.
All right, let's start can you guys hear me
I also work closely with the incubator side of of of the business we call the decentralized incubator or TDI for short
and so we've been working with
Oracle, you know Abdul and
in your team for god probably couple couple of years now well before the launch and
You know continuing to work with work closely with the team to help with you know, really anything we can
Outside of outside of the you know, tech tech development. So yeah, that's me
Also nice to have you here you jump over to Nick
Hey everyone, how's it going? Thanks so much for having us
Uh, i'm the chief growth officer over at ferrum
i'm actually really proud to say that uh
I was the first one to have the conversation with abdull a long time ago
uh at this time it was it was called gorical, um, and uh
Man, that's supposed to mean a year and a half almost two years ago. Huh abdull
To to be here joining this with you guys and uh, you know
You guys have really really come a long way since those initials initial talks and it was really fun to be a part of it
whole way whole journey, right? Um
And so, uh, yeah, I deal with stuff mainly around the the network side of things
Um with with the with the network that ferrum's building main net
Um also help on on the product side, um with some of our sandalone products, uh, like like multi swap
Um, you know and then deal with a lot of like the partnership related stuff
Uh trying to figure out which which technologies to integrate things like that
So but yeah really stoked to be here and talk about gorical and um
Yeah, let's let's kick it off
If I can uh, yeah, I've really forgot to introduce myself. I'm norby the community manager at gora
As well as helping out with marketing along with fred, which is in here with chat as well
And as well, uh long time no see nick
Yeah, I know it's been a minute
Yeah, maybe we can jump on to d5 planet we are co-hosting with them
You can jump in say a few words
My name is urie i'm from d5 planet. Uh, we co-hosting with uh this space with goro group
It's a pleasure to be here
also, it's a pleasure to have a
Our team from from ferrum with us as a pleasure
Thanks guys for for making up your time to be here
I think if we don't do introduction, I think we can just jump into it. Uh, right
Let me uh jump in too and and just kind of
Say yeah, nick. I totally remember that call quite a while ago
Um with ian and everybody else too, you know, it's been people really don't understand
I think how how far back our relationship goes these guys have been one of our
Key advisors, so i'm super excited for the call
And you know a lot of people actually don't even know how you guys are responsible for hundreds of new wallets
Coming to alagran and coming to gora. Uh, so I think it's definitely ferrum's underrated
You know, you got not just the community but some really cool technology in ferrum. So this is probably one of the more exciting
Uh gora cast to have and and yeah
You know, I think when this relationship started when we were gorical, uh, I think you guys remembered the whole drama with oracle
Making a big deal and taking us to court with their with all their money and uh, I tried not to call this
I still slip and call this gorical
But yeah, so that's why we rebranded and uh, you know, it's it's great to have you guys here
It's people don't I think see how much work it took and when you think about when our relationship started
It felt if it really feels like a decade ago in crypto how much things have happened
So happy to talk about the technology the relationship
Um, and and and how we grew the community and more on this call today
Hell yeah, um, oh go ahead no, I was just saying awesome. Yeah for sure likewise
We're looking forward to uh to seeing that relationship that history today, um
Hopefully you'll let us know how far you've come and uh what the future holds for ferrum and gora actually and defy
I actually have a question for myself to you guys to ferrum
What what made you think that algorand would be?
Would be a good chain for a token
Well, it was ever just to be clear it wasn't necessarily our idea to um
You know, we were not recommending
Algorand or any particular chain really to
To gora gorical at the time of gora when when we started to work worked my understanding is that was a decision driven by
Sort of the the technical specs of the network you're trying to build but also
The early investors that you guys acquired from you know, the algorand ecosystem
uh, but uh, yeah, actually you guys are our first foray into
The algorand uh chain and the world of algorand and it's actually a damn good chain. I think you know, having gotten acquainted
acquainted with the wallets and the texas and stuff, but
You know, I want to I want to jump in here and and and and correct that for a second because I think the reason that we actually
That we got connected with gora with gora was because we were at the time
integrating our our bridge with algorand and
Um, I think someone put us in touch because we were both like ecosystem projects, right?
And then I remember having the first call with obdul and I was and I was like, man
This is super cool like oracle and algorand
Um, you know, we're building on algorand right now
We should do something with with tdi and this and then that's when you know
I hit you up about it and i was like, yo, you got to talk to this project there
It's this awesome project on on algorand
And but I do think that it was because we were integrating our tech stack
With algorand at the time that we actually got introduced. So it's kind of
Kind of synergistic in that in that regard. Um
So yeah, no, I remember I remember that that was
Wow, that's uh bringing it back like two two over two years ago. Pretty crazy, but
Yeah, it's been it's been amazing to see see the growth of um
Of gora and you know being a part of that journey
And I mean this this I think kind of leads
A nice thing into kind of another area like let's talk let's talk about algorand and different chains
uh, there's I think two types of
uh, you know, like there's the
Algorand and sort of like any chain and then there's like the evm to ethereum
And a lot of times, you know, there's if you want to build
Communities, there's a notion of you have to be on ethereum
But what are your thoughts guys on like can you building communities around non-ethereal chains, especially considering?
How a lot of the ferrum community and we can even talk about that a bit more
How they were like regardless of the chain i've never used that ground before but i'll
Have to jump in and support this project and become a part of their community
Does the tech matter more than the hype like for example, you have to go to ethereum to get anything or
Does you know good tech bring the community?
I mean my feeling is you can get quite far
smaller or lesser known chain
And yes, I do think tech is going to drive that your ability to attract community and I think you guys
Are a case in point of that you have gotten quite far
On algorand, but I do think
At the end of the day, it's limited
The upside is limited in the sense of how many community members you can acquire because there's going to be people in the crypto space
Who refuse to learn about a new
Ecosystem refuse to download a new wallet figure out, you know how their chain works or they're just going to be people who don't
Just like there's people who
Refuse to do anything outside of coinbase or finance
There's you know people some people will only go so deep in the space, right?
And so, you know if you're content with that that's you know, you know
You can get quite far with being on being on a um smaller chain
But ultimately you're you know
You won't get as big as you could have gotten if you if you um, you know evolved on to other chains
Yeah, I I definitely agree that like um that and that's definitely from like a user perspective, right? Like uh
I think it's important to distinguish between like users and builders in this case
Because you know our experience building on algorand was extremely positive
um from not only from like a technical integration standpoint, but also from
like a business development standpoint and just like
you know the attentiveness and the professionalism of the the team at the foundation and
You know the the resources that they provided to kind of guide us through some of the process
And the whole pie teal thing was actually, you know a really great experience. Um, but uh,
You know to ian's point about users like yeah, you can you can get so far with users
There's a lot of people that don't want to dive in although i've had, you know, great experiences from a user
from me from from a user perspective on algorand with the wallets and um, and uh,
You know the network itself. Um
But it takes that leap of faith a little bit for a lot of folks, right?
Um, same with any ecosystem, right? Like there's like any non-evm ecosystem, right? I should say like, you know, like, um
Aptos or like polka dot or like, you know
You know a bridge and get all your tokens over there
There's barriers right to some of these these networks. But once people take the time, especially with algorand
Um, I think they're pleasantly surprised right at the at the user experience over there. Um
But yeah, I I guess like it's two different things, right? It's like
Maybe maybe building is actually easier. There's different things you can do
um because of of pie teal and because of some of the
the tech that algorand provides right, uh as opposed to
Solidity contracts and so so maybe there's more you can do right but like
You do you have a big as big of a pool to tap into it and comes to users
Um, I hope to see some of this kind of like even out
In these in these coming cycles, right where like we we start to see the real like the cream rise to the top
Um, because I don't I don't think it's necessarily evm
I feel like I feel like you're limited a little bit with with what you can do
Um on some of these evm networks, but you know, it's just going to take some of these other
Networks to gain a little adoption before um, we can really tap into a broader user base
Yeah, great great point and
My my opinion on that is I agree with what you guys said and I think maybe
We're still in the phase where you kind of it's the the chain
It's not abstracted away. Like you know that you're using arab right now. You know that you're using ethereum
Uh, I think in the next few seconds like you're saying nick
There's going to be a time that comes where you're using a chain that you don't know what chain you're using
Uh, and you know, it's sort of like right now
We don't know what twitter is on like is it on amazon cloud aws?
Is it on google cloud? Is it on azure? Is it on a completely different cloud network?
I think maybe in the future five years or so from now
There's going to be a time where it's it's completely abstracted away
And it doesn't matter in that sense where you can buy the gora token and not know what chain it's on
And it's still decentralized, but you're right. I don't I don't think it's it's necessarily there yet
And I come i'm from toronto, right big city where you get completely lost and it's sort of like you're on ethereum
Competition is so much higher and right now i'm living in thailand and it's still a technologically advanced country
But because it's so much smaller the whole country is like five million. It's so much easier to stand out and to meet
Uh the right people and to get so much support
Um rather than completely get it
So I think alga is sort of like that where it's such a strong community and you can really
Reach out like you tweet and john allen woods is tweeting back for example
Whereas, you know, you might be on ethereum. I mean, it's just the competition is so much more. It's harder to get started there
That's that's a really good point
Yeah, I like what you said too about um, you know in the future not knowing which network you're even
You know buying some of these tokens on or what network you're using certain applications on that's part of you know
Why we're building what we're building uh at ferrum with this with our quantum portal multi-chain messaging engine
Which is going to enable?
Developers to build smart contracts on another on one network and deploy them across multiple networks. So it essentially enables
Uh the the ability to to build multi-chain dApps
I'm sure we can dive into this a little bit more but
Like depending on what people are able to come and build on that on on quantum portal
like, you know will determine how
How difficult it is to distinguish between which network you're doing certain things on right like if people can build really really good
user experiences on quantum portal
Like you're talking about abdull or like you don't even know that you're using crypto, right?
But it's interacting with all these different networks evm and non evm
Then that's like, you know
Something to be proud of I think like in terms of like the infrastructure side of things
So it's like we're gonna build that infrastructure and then build some use cases on top of it
But hopefully people come and build some really cool user experiences that do exactly what you just described abdull
Because the the the infrastructure is going to be there to support it
Oh, that's great insights. Thank you so much
I don't know if I don't want to add anything. No accident because I have a question
Delve in and stay on the relationship that exists within the ferromant
So i'll be directing this talking to you to nick and that being at the ferrom network
How does our federal network see its role as the top validator for gora?
like what unique values does it
Be in the top validator does it bring to the gora network?
Well, thank you for pointing that out um, and I just want to give a shout out to
Really everyone at the ferrum community who first of all invested into gora. See that's that's one thing you understand. Um, we
Uh through our you know incubator the centralized incubator provide select
investment opportunities to invest in the early stage rounds of
Um, you know high quality projects like like gora and gora was one that we did last year
Uh, definitely one of the best projects we invested in last year. No doubt about that. And so there were a lot of investors
um, but what one thing that
Kind of blew me away. Honestly was the amount of people who would you know opted to stake?
Um, forget whether it was our validator or somebody else's they opted to stake
Um, which is I think more a testament to what you guys are building
In the future as we see it
Um, and also the you know where the price is relative to fundamentals. I argue that you guys are very undervalued
And so, you know our community really bought into that notion and just went all in with the staking
I'm sure there were some sellers but it's been you know, the amount of tokens
Staked by the pherom community
Um, you know who had been pre-sailors is it's pretty crazy never never quite seen anything like it. Honestly
Yeah, that's your question but um, I don't think yeah, yeah, that's your question but that that was what stood out to me
Yeah, no for sure and and you know, I think when we did one of our pre-sale rounds it was like
well over a hundred people participated from
uh from pherom right small big all kinds of uh,
Again, like a lot of these people had never used algrans
So we saw so many comments of like how is this chain not more known or things like that?
but again, I think it goes to show oracles are such an integral part of
um of the ecosystem and gora was actually able to learn a lot from
You know first version oracles, right?
so you have like for example chainlink which only started with price feeds on ethereum and
They spent so much time trying to build staking in and then you have like others like pith who
Staking is more for governance and we were able to learn so much from these earlier
And built it and I think also because oracles are so hard to build and they're such
Like you see how many layer ones are there? How many dexes are there?
Versus how many oracles are there like I can count on one hand the number of good oracles
Um, whereas the other ones are just there's so many of them
And so I think you know the community really realized like oracles are a big
A big narrative and it's it's really hard to build high quality one
uh, so it was really great to see the recognition from from the tdi community of of you know,
Regardless of what chain it was on willing to take a bet and and support it and then
ethereum's got pretty good technical team, right?
They were able to build uh, they were able to run up their node and and worked really closely with uh, the team over there
Asad and facel and um to get your node up and running
They you know, you guys have good technology good tech technical people
Uh, we're able to do and now you're one of the you know, helping us validate the network bringing a ton
And when people like I guess I should point out why staking happens is now
Imagine somebody tries to attack the gora network
Look at you can just go right up now and look at how much a stake so almost two million
Maybe it hit two million. So two million gora staked from the community to attack it
You're going to need 1.5 million gora and that you can't even purchase that much on the open market right now
Right because so much of it is in such a wide group of hands
uh, so not only is it great like supporting the project but also
It made our security almost impenetrable right now
And so it's it's it's such a you know honor for us to have such high quality validators
Uh, you know the relationship being spoken about between gora and and ferrum. It's it's it's so entwined like
What the future holds is is is is?
Is is the future is bright for for for built-in
What industries so uh, but
You know, um, uh, nick was mentioning uh mentioned it
That's something that we can hear you. Can everybody hear me please? Yeah, we can hear you perfectly
so what I wanted to ask was um
My bad for for mentioning that you know
I just wanted to know how the firm network solves the interoperability problem in the in blockchains because we all know that
The blockchains are c-load networks. So how does ferrum network solve that problem of interoperability?
Make oi in conditional or go ahead maybe
Yeah, sure, um, so I think you know to really answer this question
well, it's really important to understand what we in web 3 view interoperability as currently
And this kind of mentality is starting to evolve and shift a little bit
But you know with this with just within the last year I would say but prior
Interoperability is something that we call interoperability 1.0
Was just the ability to move assets across networks, right? And everyone's like, oh cool like bridges exist like it's interoperable now
Then people like wait, this isn't truly
This isn't true interoperability right true interoperability something that we're calling interoperability 2.0
Is not just the ability to move assets across networks mind you
The ability to move assets across networks as it currently exists is a is a pretty like
Faulty underlying mechanism that we're using right because we're locking tokens on the origin network and we're minting
tokens out of thin air on the destination network and it doesn't really
Adhere to the like the the um doesn't maintain the native state of the asset, right?
So like if you have reflection mechanisms or any sort of like, you know
Special token contracts it's just going to mint a standard like opens up an erc 20 contract on the destination chain
Typically, you know when you're talking about evm chains, right?
And so it's not really maintaining the native state of the asset across networks
So it's really even even our our mechanism for bridging assets
Isn't true interoperability and the only way to have
True interoperability is when you can move
Messaging and data and arbitrary information across networks so that you can enable multi-chain smart contracts
And ultimately a collection of multi-chain smart contracts adding up to
Multi-chain dApps, right? So applications and smart contracts that can be acknowledged across different networks
um as opposed to this current kind of like
Interoperability that we have which is just you know bridges with lock and mint mechanisms that
Are really the vector for every exploit that's happened in d5 pretty much, right?
like not everyone but like most the majority of the big ones have all been through interoperability protocols and it's because
You know the the pretense is was it was kind of we were we kind of built these bridges on a faulty pretense, right?
Yeah, what ferrum is doing is enabling the ability to maintain the native state of assets
Enabling the ability to maintain the native state of contracts across networks enabling the ability for people to move information and data and messaging
Across networks and enabling developers to be able to build on a single chain and deploy it across multiple networks
Because of this multi-chain messaging engine that we're calling quantum portal
So if everyone wants to dive into that
Um a great place to start is our white paper
For sure. Um, and then, you know, we've got all sorts of documentation
And our github is super active as well. So i'd encourage anyone that's like, you know
interested in you know, the the architectural components and the technical specs of uh,
Of what we're building to check that out
Something, you know, we're really excited about just
Kind of next wave of interoperability, you know, there's other projects that they're doing really really good stuff
in uh in in regards to interoperability too, we're not the only ones but
We do feel like we've got a pretty uh novel approach to the whole thing. Um, so yeah
You know one one other thing I just real quick that that I kind of want to add to that too is like
We haven't we don't really understand the implications of what that could mean for web3 as a whole is if if
People are able to build applications that can exist across networks. We're talking about like how it's so difficult to tap into
Ecosystems, uh user bases when there's not a huge user base, right?
But if you don't understand even which network you're participating in when you're using an application
And you can bridge the gap between all these different ecosystems that were at one point isolated now
You've got a much larger user base. You don't just have the evm world
You don't just have the algorand community. You don't just have the polka dot community. They're all able to kind of interchange
across networks without fully understanding which
Ecosystem they're operating in because they're just operating in web3. That's the ecosystem now, right?
That's what true interoperability will be
It'll also make the space a lot more capital efficient
Because currently as it stands there are bottlenecks for developers with different specialties
um, and you know, if you want to find someone with pie to experience or rust or you know,
substrate you're going to end up spending a substantially larger amount as a as a project which
Which eats away at your runway significantly
Then then if you were just going to go higher solidity to that devs and then you know
Front end and back end devs are even cheaper than smart contract devs, right? So like
We can even that playing field a little bit
I think we'll start to see projects money go a lot farther investors money go a lot farther
And you know projects be able to adhere to their roadmaps a bit better because they're able to operate a more efficient business
So I think there's a capital and efficiency problem due to the fact that interoperability doesn't exist
but the most exciting one is you know, web3 operating as a cohesive ecosystem as opposed to
Uh, you know the the isolated kind of siloed, uh experience that we're having right now
Yeah, uh, sorry ian dijana say something before I go ahead
No, no, please jump in. Yeah
This is great. Great. And i'll just kind of
Move what next said it's good goes back to what we were talking about earlier for
Blockchain to go mainstream. These are sort of the building blocks that are needed and interoperability is
Even in the real world right now, like if I send money to a different country, there's no interoperability
They're like one bank tells another that hey, we'll send you the money and
The path it really goes through behind the scenes is so convoluted having worked at a bank
A lot of it's still being done with with paper and pen and manual
Um, and so, you know once you have a cohesive web3 ecosystem
The next step then becomes these institutions are going to all have sort of their own networks and their own chains
Uh, whether it's finance insurance or whatever
Um, and this global, you know, we talk about globalization and the world is pretty global
Um, but you look at like supply chains and finance
It's looks global because it's been abstracted away, but under the covers it's extremely
Uh fragmented and so what's going to happen then is once web3 is a cohesive ecosystem
It's just going to make adoption happen so much faster because we talk to a lot of web2 customers, right?
An insurance supply chain who are working to get their data on chain
And once they get their data on chain now that that has to be interoperable
Um, so I mean i'm doing some shipping stuff here
I need to talk to my supplier my supplier needs to know about the customer and things like that
When you know when once interoperability really becomes the truth, it's going to really
Make blockchain I think mainstream and now once you have fortune 500 companies all using blockchain
Um, I think the legacy systems are going to be just you know
There was the wave of digitalization where people went from paper big push to getting on to servers and networks
I think that's going to be the next wave where it's going to be blockchainification where there's going to be a big push towards moving
Interconnected systems to a blockchain like ecosystem
Sorry to cut but I think we'll have somebody in the audience who wants to say something
Walt knows crypto, uh father. Can you
What's going on deep air planning? What's up? Everybody? How are you doing? Thanks for letting me speak
So I just want to go ahead I appreciate
All the work y'all doing because it's making my job a lot easier as somebody that's you know
Been in the space for three years
and my you know knowledge of everything has evolved so rapidly to the point where
You know, i'm up here learning more about nodes and how to code already
So that I can help educate people all the way down to just how to set up their wallet
uh, so i'm working on something to help onboard more efficient and
Obviously, like I just made a video recently about the new koop node that was made on gora
And just having people understand that information
Can be more secure, right? They don't have to
You know be so susceptible to the way things are still traditionally and that's what this is all about basically innovating
Security just like the whole messaging thing because i'm big on learning and communicating
So the platform that i'm working on is going to help communicate how to actually navigate the space
You know, so you're going to make it, you know
You're going to know you're using blockchain technology like which everyone says once we hit that point of
Interoperability and cross-change is just
That's how I already see the the whole ecosystem in a sense because I know how to move between the wallets the bridges the dexes
And everything right you can only get better the longer you're in
um, so I just wanted to say I appreciate that but I did have a question about uh,
How would a company that's going to do that benefit from using?
Serum just simply someone that's going to be onboarding
Beginners if they were to come and check you out, what would be something that you'd want them to look at to consider
Well, yeah, I mean like I I think it kind of depends on um
On what that project's goals are right? Uh, but one thing that I that I tell projects is
If you if you're wanting to build a multi-chain dapp
You're able to build a much more robust app, right? Because there are certain things that each network offers you
You know, super super secure right but not very fast not very scalable. Um, polka dot has like excellent governance, right?
Algorand is great with the human processing. Um, and uh, you've got
Solana which super super fast, right?
So if you're able if you're able to build an application
That leverages all of these different value propositions of these specific both general purpose blockchains and app chains, right?
There's a lot a big push for you know apps app chain specific
Networks, um with the layer zero thing going on right now
Um, if you're able to leverage these different networks for their specific value propositions
Now you can really build a robust dapp and ferrum
And quantum portal allow you to do that, right?
So an example that I typically give
When i'm speaking with projects that are looking to go multi-chain is if you're building a web 2 app
You're able to leverage all of these different technologies
Um to make your uh system run a lot smoother, right? You can use, you know mail temp for your email
Um, you know purposes you can use stripe for your payment processing
You can use, you know slack for your internal communications and monday for your your planning
Um, or you know at lastian, you know these different applications that you can use
across different operating systems, right
That's not really the case with web 3 right now
So to be able to build a very robust dapp
We need to be able to communicate across these different operating systems and that's what quantum portal is going to allow
It's going to allow people to leverage the value props of different networks both general purpose blockchains and and app chains
To distribute the content distribute instructions and prompts things like that google classroom is what I use
To provide other supported content and media, right?
And then I have my pero wallet
Then I have my nf domains and my segments
Right, and how do I wrap that all up and then take that over to avalanche?
That's yeah, that's what i'm thinking exactly
Right. No, exactly. So like
That's kind of where I wish we had like a a dev
To dive into like the actual technical documentation around all that
But I think a good place to start would be our actual docs
And the white paper not so much that's more for a kind of like a
Like a high level overview of it, but the docs go pretty deep into all that. We've already built out proof of concept
Applications on quantum portal like for example a multi-chain staking application where you can stake
Assets on a network and be able to withdraw rewards on another and like those types of
Apps can exist, you know other people can come in and build those types of things like multi-chain lending and borrowing platforms
Or aggregated liquidity across networks like these are some of the things that we're thinking from like a d5 perspective
But you know, we'd really like to see that web 2.5 surge kind of come in with what you're talking about
And and be a bridge between web 2 apps and and and web 3
so but you know again like
You and we created the internet it was like
We didn't know that that google was going to exist
Right or like that, you know
the web was going to exist and then it was like well then we didn't know that facebook would exist or instagram and like
Email, you know all these different things kind of got built on top of this infrastructure. So in that regard
This tech is future proof where like, you know, it's really going to depend on what people want to come in and build
So we would would love to have uh, have you on board messing around once our test net goes live here
Very very soon. Oh, yeah, i'm locked in that's where fred gave me the invite. I'm like cool
Nice. Thanks. Appreciate you. Let me speak. Thanks
Yeah, no doubt man. If uh, if ever you've got, you know, any questions or want to meet some of um,
Some of our technical resources feel free to hit me up on on telegram
Uh, my handle is crypto audio. Um same as my twitter handle
But just without the underscore and you can reach out to me there and I can create a group with you and in our devs
If uh, if you're wanting to dive in and start messing around on the test net
Okay, i'm there i'll send you a message in a second. I appreciate it. Sounds good man. Cool
And for anyone who wants to learn how to stake to gora who are validators?
Walt's walt knows money's video is probably one of the best i've seen
On the topic, you know, I think it was richard fayman the astrophysicist that said
Do you want to know if you know something explain it to a five-year-old?
Uh, your description on nodes was definitely the best description I heard like it just clicked
Like i'm like we should have been explaining it like that this whole time because the way you said it it just really showed
The like how what a note is it's such a hard thing to explain to
People what's the point of having a note and what it does?
And I think that was a great way to explain it to help people really understand how important
Nodes are so if you want to hear the explanation
Go watch one of those videos one of those money's video
I appreciate that. Yeah, check it out and make sure y'all start
Delegating because i'm about to make my note too and then we want to stake stake stake
Defat planet is mike's off. I think he wants to say something but
We don't hear him. Uh, why don't we take it to a bit more of a
Maybe lighthearted topic, you know
So the one of the ways we work together with friends you guys or the tdi the incubator
Um, maybe you guys can tell us a little bit about that
A lot of people don't know but we've been on calls almost weekly
You guys have been helping us how to build communities how to not just focus on, you know
Algernon, I think it's one of the big reasons why we had so much success onboarding non algernon people to algernon
Um, you know every week we talked about marketing go-to-market strategies and things like that
Uh, so serum obviously super technical pretty exciting product
But maybe what about telling telling the people if there's any devs here working on some projects? I know we have
Narcotics building one of our hackathon winners listening in maybe we can tell the audience a little bit about the incubator side
Yeah, what we do on the incubator side is
personal advice projects on
really everything it takes to
Be successful in this space not to say that we have all the answers, but you know, we've been
Doing this for about seven years now and have helped launch probably 30 or 40 different projects over the years and kind of seeing
What worked what doesn't built up connections over the um, that's period time
Just gained a lot of insights into different areas of like you mentioned community building
Launching a token, you know which exchanges to work on which market makers to work with pros and cons of all these things
different decisions to make and when
um, but yeah, that's that's sort of what we what we do is um
work very closely with projects we like to find projects that
we vibe with on a sort of personal level, but that also
um have a strong product and
their strong token utility
A roadmap, that's a good roadmap, you know, the proper business. Um sort of mindset
To it because we're we're at the end of the day long term
We're long-term investors. We're long-term advisors
And we so we need the project to to have a chance to go in the distance
um, but yeah, if there's anybody out listening or
Um now or or later or have any have any other questions about you can check it out
Check out our site the decentralized incubator
Um dot com it sort of goes into all the different areas that we work work with projects on
And yeah, i'm more than happy to take any questions or or you can even find me on telegram as well
And uh, yeah, I was looking for new new new good products to work with
You don't really know how much work goes into launching like marketing because all that until
You know, so it was really great having somebody who's done all that
and and you're also a former lawyer, so we even got to
Talk to you when when oracle the 30th largest company
Was suing us you were able to obviously not legal advice, but give us some insight
You remember when that that saga was going on? Oh, yeah, that was exciting
That was fun. Um, you know, I you know, um
Yeah, I think obviously you guys made the right decision
Going up against a giant company like that where they have all the resources. It's just been a waste of your time
Um and energy and resources to try to fight that even even if you could have won
Um, and I understand your lawyer out in um, switzerland was saying there was a chance you could win
But just even going down that path probably not worth
Anybody's time so um, you know, I was looking from a legal standpoint also
Just putting putting on the practical hat the almost the investor hat right like as an investor. Do I want my
Founder, you know in the team and everybody else spending all this time money energy stress on this
You know question or do I want them building building the company?
Um, and I saw obviously there's a clear clear answer there
But uh, yeah, we try to we try to help a network where we can whether that's just like unofficial legal advice
But of course the fundraising and and the launch the product and there's a lot that goes into it
Like you said there's just a bajillion decisions that you get made and if you've never done it before
You can easily make wrong decisions. And again, not to say we know everything but um
You know just haven't done haven't done it a lot and um, you know, we're we're we continue to help projects too
Oh, you know launch them and you know, see you later. We we we we believe strongly in
You know continue to help projects well past the launch
Because it's in our interest to do so and it's in their project interest to do so, right?
And so right now we work closely with with these guys particularly as you know
They're gearing up for the launch of glorify. I don't know how much
It's public information as relates to that but um a lot of decisions made there as well that I you know
We did our best to to help help steer in that good direction
Yeah, for sure no totally agree with you on that it just wasn't
Worth going up against one of the richest companies, especially these tech companies love love suing
So everyone says gora is a way better name. Anyways, so we're excited for that and and glorify
Compared to gorical fi I think is uh rings more and and yeah, so glorify
That that's going to be the most exciting thing sort of
Been in testnet for several months now
It's something we we sort of
We didn't rush. I think when you're launching on a different chain
You know, there's when we talk to like ecosystem projects like arbitrum and and radix and they're all like, you know
We really need oracle like yeah, we have price oracles. That's cool
Sensors and iot's and and and insurance and the amount of
You know these oracles can unlock are so great that I think it's it's really an exciting journey for us
Uh to step out into the ugm world
Definitely going to be a lot more work, you know, but um, it's going to be interesting next next couple of months
Yeah, i'm excited for it for you guys, um
natural evolution of the project right like I did I never felt like
Your intention was just to be an oracle on algorand, right but an oracle for the industry
You know what I mean? And for more than just the industry for other industries
And so being multi-chain is sort of a natural progression. I think and yeah, I think the market's gonna respond
Well, I know i'm excited about it. Our community is excited about as well. So yeah pumped for you guys
Should make a search engine right we can make a search engine. I need a search engine
Sorry, uh walt knows money you say what let's say we we can build a search engine
Yeah, so now if a smart contract wants to know something about the real world
They can ask gora to ask google
Chat gpt that's going to be another interesting one anyone has some thoughts on um, let me pull it up
I think d5 plan has been trying to talk but uh sounds like his mic is probably not working
He said he wants to pull it up. What do you want to pull on i'll pull it up. That's not called a pre search
It actually is similar similar to what i'm describing
Oh, yeah, I know pre search
Pre-search sort of incentivize you pains you to do searches
But beyond that I don't know what it is. I've never used
They they actually they have a staking where like if I wanted to
I could put in every time you search walt knows money. I get paid for that type of thing a bunch of other ways, too
But essentially the first incentive is just to search on the platform
But something like that I think this will do nice
Yeah, yeah, definitely. There's there's just so much we have to be
My team has still telling me sometimes, you know, we can't do everything slow down. This is folks. Oh
So, yeah, I would do a lot if it feels up to me for sure
Yeah, okay, definitely you can you can actually do everything but you can do you can do the ones that are actually more
The most important the one that are industry most important. So, uh,
earlier in this introduction about you know, how serif actually brought
Um, you know increase the community in the algorithm ecosystem. So I just want to ask the firm team like um
Whatever you start using can you share the strategies and initiatives that led to that success of you know
increasing the algorithm ecosystem
So can you ask again, um, I might miss it
I was just asking like if you could share some of the strategies and initiatives you use to you know
Bring more uh increase the community in the algorithm, uh ecosystem, you know
You guys brought in a lot of uh community members and increased it so how
Well, oh go ahead. Go ahead
I was just gonna say, you know, like there's a few different verticals to
How we can and how we have
Um brought people to the algorand ecosystem one being through
Tdi right and that was very organic. That was like all right. We're doing this raise for this project gora
um, our community got super bullish on on on you guys and
They wanted to invest and when they found out that it was on algorand, they were okay
We're gonna receive our tokens on algorand
Um, we're gonna need a wallet. So we told them the best wallet to get kind of guided them through that whole process
It was yeah, so it was a pretty seamless kind of um, you know
Initiation into the algorand ecosystem for those folks
They wanted to be able to tap into their tokens and so they needed to participate in the eek in in the on the network, right?
So that's one way that we can and and have and can continue to
Help on board folks into the algorand ecosystem through pre-sales. The other vertical, um is through
another umbrella, uh part of the company I should say right a vertical of the company that we call launch tech which is
Like our different b2b products
These are different white label solutions that we've created for for projects like our best thing
Portal that we call iron vest
Our staking as a service solutions, which is basically smart contract d by staking solutions. Um
So, okay, so let's just like let's take those for examples, right?
We've already deployed these for projects in the algorand ecosystem. Um, so projects come to us and they say hey
We want a staking product
Cool. We'll deploy it. That was part of we received a grant from algorand to integrate our
These b2b products and then also the first iteration of our bridge
The staking products have been deployed for projects on algorand
So that's another way we've we've helped and then the last one that i'm going to talk about is through
Interoperability right and this can be both used through our multi-slot product
which is our multi-chain dex aggregator and quantum portal, which is the
Multi-chain messaging engine, right? So the other part of the grant that we received from algorand
Some time back was to integrate the network with our underlying bridging architecture
What we're calling multi-slot now
So this was just the ability to bridge asset a for asset a
On from network a to network b right just standard one-to-one bridge
To multi-swap which were right on the precipice of of releasing
And that enables you to swap any asset for any asset on any integrated network
So instead of just bridging acid a for acid a you can swap acid a for asset b
And it routes through dexes on the origin destination networks
That underlying bridging architecture has already been integrated with algorand
so algorand will likely be one of the first non-abm networks that we
Kind of upgrade that integration to multi-swap with right?
So those three different verticals right through tdi onboarding users through through pre-sales of projects that we incubate like gora
And hopefully more algorand ecosystem projects here in the near future
um, then uh launch tech which is the other vertical of our b2b
Products and then through, um, you know ferrum network itself
The main net and our standalone multi-swap multi-chain dex aggregator product. So, uh, those are a few different ways that
ferrum can help grow and uh
Bring users to the network
multi-swap though really will kind of break down a lot of those barriers to
like we were talking about earlier a lot of people don't want to like go through the hassle of like
Participating in in in new networks because you've got to go to like the origin chain dex and liquidate your assets
And you got to use another third party bridge and move them over
Or send them to a centralized exchange and then move them
Into this new wallet that you just got and then you got to go find the dex on the destination chain and it's this huge
Multi-swap kind of eliminates a few of those steps by doing all of that that I just described on the back end
But on the front end the user is experiencing something similar like a uniswap or a one-inch type of experience
um, so, you know, I think
Reducing some of those layers of friction that exists between networks like algorand
And and some of the users outside of the ecosystem will help to bring a lot of them them in
Yeah, no, I don't have a lot to add to that I I would just um say that you know from an investment standpoint
Uh, if the project is strong enough
Um people will actually come on to your chain
um to want to get involved
um, but that's a big if right because
You know if you're sort of just putting on an investment hat
And you're saying all other things being equal. I have project a which is launching on a chain that i'm familiar with
Which says deep liquidity a lot of volume wales, etc, e.g. Ethereum
Same exact project for purpose of this hypothetical, but on a you know, lesser known chain
You're obviously going to choose the projects on the more
Um the more known chain, but of course things are never equal in reality
Projects are either stronger or weaker relative to each other. And so if you have a very strong project like agora
Of course the fundamentals are there and there's a network and the dev team is excellent
The backers are excellent. Excellent. The valuations are reasonable as it was when
Um, you know, we we invested in gora still is reasonable. Actually. Yeah, I'd say the market gap still low. Um
Then you know, you can convince people to come on to a new
Like an algorand so it is dependent on strength the project very strong project great fundamentals low valuations, you know
Oh good upside, you know, heck I'll you know, i'll go ahead and figure out this new chain
That's right. Think all the the ferrum investors kind of went through this mental exercise with themselves
And looked at everything and said, you know what?
It's worth figuring this this this algorand thing out and i'm pretty sure they're i'm pretty sure that they're glad that they did that
You know, that's that's a great point and I think how many of that community has ended up
staking to to ferrum rather than
trying to like profit or cash out is it's just really a testament to how
How actually they see this as a long-term and solid project, but you know, I think that question can even be asked in a more
foundational layer like how did you build such a community?
in the first place right because
There's a lot of trust that comes with hey like this here's this project
On this chain that's that's coming up to get people to go and look at and things like that
So building the community, I think obviously is right now
The networks with the with the strongest communities end up doing well regardless of the product sometimes
So so, you know, we we've seen there's a lot of great things about building communities, of course
You do airdrops and things like that
Sometimes you don't get the type of community that you want
But the amount that do convert are usually makes the whole thing worth it
So for us, it was a really technical community right node runners. Hey, come run nodes for us and
We didn't realize how many
Uh node runner communities there are right? We just said hey, we need node runners
And then like cosmos a lot of them came from cosmos where running nodes is a big thing
so our project just one of the others just got shared in in sort of
group chats that we'd never heard of and we just started getting like a lot of people like
Ukrainians and and turkey and in a lot of these
Uh different countries coming in
And they're they're like we're we just were like where are you guys coming from?
They're like, well, I just heard about it from my node running community
We heard they can run nodes and and earn staking rewards and things like that. I think that's kind of
What one of the reasons our communities gave so much traction early on even before launch and
Why we had such a big incentivized test net where you know, we did not expect that many people to end up joining
Uh, so so yeah building communities is going to always be just as important sometimes in this space
As the product so especially when you look at our timelines, we have some really big
Web 2 like couple fortune 500 companies we're regularly talking with
uh, who are you know planning to onboard and evaluate the technology and
You know, sometimes these sales cycles can go on for months
So sometimes these early communities help these projects like us
Uh get to a place where we can close massive contracts and and start and you know
Making real world impacts. So so yeah, and happy to hear how you guys have built that strong community
Oh, i'm sure you're asking how we built how we built the community
Basically. Yeah. Yeah, exactly
Yeah, yeah, you're sorry. I got strike for a second there, but
Yeah, I mean I don't think
Um, i'm not a believer in shortcuts in general and obviously in crypto
You see you do see that happen where a project like comes out of nowhere like this juke
For example, all of a sudden is like in the top 100 like where the hell this come from
Just did a massive airdrop or something like that. I don't know. I haven't quite cracked that code as to how that happens
But I think in general there's no shortcuts. It just takes
Um engaging with the community
Um keeping them updated educated as to what's going on being ultra communicative
So if they have questions, you know being there and having great mods to answer
Uh them also as a founder or executive team being present as well sometimes you see that right where?
Project just as relying on the mods to answer all the questions
That's I think a mistake. Obviously mods are important
Founder can't answer every question, but should be there at least a few times a day to to engage and you just do that
Know the market your marketing as well, right? You have to do
Marketing outside of your existing community to grow to continue to grow it
Right people aren't if without marketing people aren't going to know about you and so they could never have the opportunity to join
So you have to have that going on and then also that engagement within the community
And you just do that for years and years and years
And you eventually have a pretty strong community, right? Um, so but there's it just takes a long time
Um, but one thing I love about gore and struck me from the beginning is like you guys had that same mindset, right?
Like Abdul's in there. He's answering questions when he can you got great mods community seems passionate
Like there's questions still popping around. There's still activity there
Um, even now like so many months after launch
Um, so you guys are doing all that but yeah to me there's no shortcuts just to work day in day out
You know, we're we're we're three minutes over. I feel like we could keep talking
for hours, right guys, but um
We are three minutes over
You know, I have a toddler here who
Can't stand being away for five minutes
I know you know what that's like. Yes
This has been one of the funnest, uh, you know gore casts i've done and most informative
Uh ones and you know, um, i'll i'll let the host here, uh wrap wrap get us wrapped up
Yeah for sure it was amazing amazing time with you guys here
And I see some people have joined near the end so they probably didn't hear most of this thing
You can re-listen to this
On these twitter spaces or you can go to our sci-fi
But yeah, let's wrap it up here
Thanks again guys for joining us and hopefully we'll see you in the next one joining us
Thanks so much everyone pleasure be good. Thanks a bunch guys. Thanks guys super fun. I really appreciate it. Thank you