Hey folks, GM. Sorry for facing with some technicality, but now it's fixed. So guys, welcome to what with this space harnessing battery with Community Tower, a deep dive with
8th DAO. With thrilled to have Karma, the founder of 8DAO with us, a platform that's truly pushing the boundaries of the Web 3 ecosystem. 8DAO is a membership-based community focused on building and investing in the Web 3 space, leveraging the power of NFTs, DAOs, and their dedicated community.
Today we aim to unravel the ethos, the vision, the challenges and the triumphs that lie at the heart of Aitau, prepared for an enlightening discussion that redefines the boundaries of the digital age. On that note, my name is Saloni Jan and I had the content that thou struck the Elonand One platform for users to discover, invest,
and participate. So without any further ado, let's get this started. Welcome, Karmal. It's a pleasure to have with you with us today. How are we doing? Hi, Sanoni. Thank you for inviting me to be the guest today. I'm doing good. Always
excited to talk about "down". I'm always ready to share my experience about "a-down" and my knowledge in "down" in general. Lovely, that sounds exciting. So let's just start by understanding what's fueled the creation of "a-down" and how did you manage to
make it a wet tree focus ecosystem out of it. Okay, so I started NFT collecting in early 2021, so it has been two and a half years. Where I was collecting NFTs, investing, holding, because I
I had a true conviction on the future of it. I like sharing this opportunity with others. So being a very organic way, I was running a community for people to learn more, share about NFT. And then there was a time that a lot of dows,
coming out. It was like a really hot topic from after baby, people style, now style. I think it's in like the 2021 boom. So I spend more time you know, I'm ending about down. My background is on my major recent political science. So I'm a person that interested in
social science, like the study of different political system. And Dow is something that I can resonate a lot, I spend our time studying. And then, so I want to give you the try, like together with the people from the community. Yeah, so that's how we started. Basically, it's Dow for
us it's a new way to run and organize our community. But the community have the true ownership of it. It's not just a check group of people that get together. It's people that in the community they have the ownership
After things that build together and then but not everyone got an equal share it's the beauters who dedicate spending time sweat and build a dial can have her mobile rewards or a big estate So I any source in a very more chance
parent manner. So all these characteristics are made me very love you know try I would say try to use that as a format to run a community because back then there was no playbook no one
like no like a mentor that like show show us the steps do you step by step what about the only thing we could do is just formulate strategy that makes sense and common sense and then also are discussed
with the team, learn STEM by STEM, and then yeah, that's how we started, yes. Absolutely, that's beautifully said karma. So in that case, do you want to talk about that defining moment in 8-dows journey, which was the reason that it shaped its current direction?
It's actually pretty recent. So what happened in the first, we officially launched in the first of April 2022. So it has been a year that I've been running as a proper like a Dow structure. But in
The first four quarters in the first year, what we built was more on the laying the foundation from the governance positions, proposals, community building, early states of exploring
what we do and what we don't want to do. I think that's an important step to have a foundation to make sure things can properly function at least at a very basic level because some of the hours did the
they can't even perform at a very basic level. So I think it's pretty practical. There is nothing sexy and idealistic about it. It's just like tackling a lot of small problems.
and like be a problem solver. And then in the past three, four months, we've been discussing, hey, so we get to where we are, have the foundation, have the community. I wouldn't say it's like a Tom Nars
like oh it's like a perfect example but at least we in a very difficult year very crazy 2021 or 2022 three-hour FTX and as we managed to survive our treasury didn't get wrecked in
people are still show up in the community, people are the team still building, they're not creating. So I say we are very fortunate to be in that position. But we have to think ahead of what are the things that we want to build exactly
be on a community building level. So we come up with this, so basically other discussions. We position also as a venture studio, devoured by a community of growth rebuders and investors.
Venture Studio basically is we do two things. One is investment, the other one is incubation. Investment we have a small venture and then also at the NIT fund. It's something that we started about
nine months ago, six months ago. So we proved that it's an approval concept that we can actually launch and then run like investment L, backed by a community using a dog structure. And then we decided, hey, this is something that we should
building and then the other thing is incubation so we are currently incubating another generative the art NFT like a project it also has a DAO like collect this DAO you can see like from Mungo DAO you know
I like most incubation projects that they usually work with. They have co-hosts, work with founders, and they can take a small percentage. The way we incubate is a project that fully
be owned, incubated by ADL. And we only do a very small numbers each year. So what we do is more comprehensive, hands on fully responsible, and then small numbers, make sure
we focus on the project that we are building. So that's a venture studio. I think it's a very good way to define us. And then, yeah, so this is sort of the, we happened in the past three or more
And then this moment is actually not just one day we wake up wake up and they okay, let's do this. It's actually based on what we experienced what we tried what we built some failed some works well some worked also well and then based on the past 12 months
experience and we feel comfortable to formulate strategies say we are going to focus on doing this because as for any kind of organizations where there is military government corporates there was always like a limited
amount or numbers of resources you can allocate to build a things you want to build. Look at the US government right now they are in this that sort of like a scenario you know the government have to talk to the Congress to increase the cap. That means even US government have
limit resources, right? They have to best allocate their resources, what to do and what not to do. Same thing for Thel. So at the first year, we have the luxury of like not think too much about hey the revenue model to be exactly you do this
or do that, we are the luxury to sort of explore that. But it's not, but I think it makes sense to after one years or maybe one and a half years to come to this conclusion say, okay, we don't do this and we do instead we do this. And for us, the answer is a venture studio.
Yeah, so that's our story. Well, well, well, that's sure that's how it shows a long story and while I want to dig deeper into the site of, you know, eight down into incubation as an incubation platform or VC, karma, you mentioned about, you know, when you say that there are certain doubts which perform at a basic level. So what exactly were you trying to
were you talking about in the sense of it truly being a down or what exactly do you mean by a basic level down performance? Well if you look at the numbers that created in 2021 and 2022 and then the one that still up and running I think it's
It's a number, it's really small, something like 5%. I got a number from a hurricane or something. The one that created, nowadays, you actively have proposals or people that are engaging building stuff.
So we shouldn't have a very high expectation at this stage of the hour. Just make sure the doubt itself can survive, can provide some basic function. People are still showed up, the teams do bloating. It can be slow, it doesn't have to be fast.
it's sustainable or not giving up. We can look at it from a few matrix. Are there proposals being submitted? It doesn't have to be on a weekly basis. How about a quarterly basis?
So that because when there is a proposal raised and passed discussed, that means there are people building, right? Are there people that engage with other? As a community, I think it's important whether the engagement
for the good-by, coaching or something more serious about like discussing the funds allocation, the precedes of the funds. Any kind of engagement is good, especially in the bear market. Think about it. It's very difficult
for people to have the commission willing to spend time on a daily basis to share discuss a GM, not just out, but any kind of project, we could have the projects, Diva Protocol. So I would say we shouldn't have too much expectation
for any kind of battery projects in a bear market like this. It just makes sure it's more about surviving, basic function. Like people, you know, when it's going to, you know, you're in a difficult kind of
conditions. You want to have like make sure you have a shelter. You have like enough food to feed your family. That's where we are at right now. I'm not talking about where I want to buy my savings or fire or not. That's something that you consider in the boom market. But yeah, so I would say be realistic.
making as long as the staff that those staff that still up and running, the team members, they are not leaving the community, they take the responsibility and some members are waiting to say GM, share info in the community. I think that's already pretty good.
Well, sure. So, you know, being an investment community platform, do you want to talk about a success story which, you know, found its way and support through eight thousand community in the support?
Yeah, so I would say the venture studios do have a very short history. So we, for example, we invest in NFT, B2B marketplace.
really depends on what the project founders need. And also in that kind of projects we tend to be a small passive investors. Since we're in the early stage we are not like those typical big funds you know they will lead to
around and then take a more aggressive approach. So it depends on how we can help the founder. So for example, one of them will be looking for a legal advice, not a proposed related legal advice, and then
we introduce our Tao lawyers because we know that that person that she is like a very responsive doing a good job a very decent person and then the advice from her
We have confidence, the quality of advice from her. And then we want to, you know, the founder of the project received that kind of advice when it comes to legal. And then it could be like some promotion, like,
for example, to the space in multiple languages, right, in Japanese, Chinese, English, because we have members from very diverse backgrounds, especially in Asia region, so like being a project that
a portfolio company of Adal. We are happy to share about the vision and the projects that we have access to. Yeah, so I think that's something good about being a community venture
It's also a concept that we're trying to prove. Meaning that in the past, what you got is an angel association, but I wouldn't say that's the community venture. Because ultimately each person is acting individually. But in the Dow,
community venture, I think the community part is what makes it unique for the investment down, meaning that there are values from the community to support the founders, whether we're talking about social capital, social network, like referring people
from different areas of RETWE, whether it's like a big fun VC, fun, or it's from Ligo or somebody that uses. Because as a community, we have
People are, you know, they have background investors and they can be like project founders. They can be like NFT collectors users. They can be like DeFi user, protocol user. So, um, so I think there's something that unique because typically the funds from a VC
There are a lot of smart people, right? But there is also limitation. The beauty of community is growing. For example, we are growing on a weekly basis. But the fund tends to be a debt group of people.
So we can bring this dynamic and help the project in just that those in-game engagement is on a continual basis. So I think there's something that we believe the community mentor can provide some unique value.
Of course, some big BCs, they can help the participants a lot in a different perspective. But it's nice to have a new role to appear in the venture scene, using Dow, engineering, the concept of community venture.
Absolutely, so I'm intrigued to understand more on the criteria part that what are the basic criteria that one looks at before granting the support monetarily.
Yeah, so first of all, we are not like a grand giving grants. We are more like an investor that look for return because there's money from treasury. We have to be responsible for the community, the well-used of the funds.
And then there are individual investor members, higher team members, they can participate as a syndicate. Yeah, so I would say the investment are private driven. And so that's the first point I want to highlight.
Second is we tend to invest in areas that we have knowledge or we have expertise or we can understand. I think the answer for different down investment down is quite different. It really depends on
the DNA of each dau. And for a dau, we are more, most of the members, not all of us, show interest in NFT and dau. Well, of course, we have some members that are really strong in the deep by side, but we can't really
covered everything, especially there is a capacity issue with the bandwidth we have. So we tend to focus on the project that you either have a like an NFT theme or a Dow theme so that we can actually
understand and also make some good decisions to invest or not. I'm also because it's something that we are good at that potentially we can bring in more synergy to the projects. Yeah, so that's how we do it.
You know, talking about NFTs, it just suddenly got me into it. Do you want to share your thoughts in the future of NFTs and how can we shape 8 countdowns, strategy in the near future?
Sure, yeah, I think right now most people Some people say okay, NFT is dead Some attention, you know shift from NFT to somewhere else mean corn
the others. But I guess it's something happened quite frequent in the crypto space because it's a fast dev out in space. It's a new narrative come out. Every one to two or even three months.
It depends. But some narratives died out very soon too. So, and there are a lot of people, some people, I'm not saying a lot, but I hear for the quick money, quick flip. And then, so it's about
your long-term commission or your long-term investment thesis in the field. For me, for us, within NFT, it's a magnificent technology or a tool for crypto space. It's opening the door for crypto
into areas like Econotouch, right, from entertainment, culture, art, real-in-roll art, utility, memberships, tons, a lot. Before it was just like a pure number, like it's, crypto is more like a fine end, like a
financial product. And yeah, so I think it doesn't change. So I think that's the fundamental difference for people that a long-term play, a short-term play. Because you feel only after something for the short-term, it's pretty easy to lose
direction and then you are probably not sure where you are at in the cycle and then you will say okay maybe I made a mistake it's this I was wrong and things like that yeah sometimes we are wrong most of the time but ultimately I think it's important for a community or person that
have the deep understanding of long-term conviction on the thing rather than looking at the shop term speculative purpose. Yeah, so that's why we are willing to invest in NFT-related projects personally and also the community. We also, we
hour, you know, we have an empty fund, but it's just like we are in a different phase and in a bear market. So, but if you look at it again, like the last cycle, a lot of great projects were, you know, they were building in a bear market, they didn't die. And then
Some people actually make really good returns are the one that continue to Invest into good solid projects that have potentials gonna be do well in the in the next Bura So that's I think this similar approach that we are taking as well. Yeah
Lovely, beautiful. So that was all about NFTs and your strategy with 8 Dow. I would understand your thoughts on the future of Dow's key trends and what do you envision to be in the next 5 years?
Yeah, I think it's recent I want to compare what happened in the past say 12 months and the hype down hype in 2021 is You see a lot of people queen whether it's a content creator that talk about downs
whether it's that the founders that started to tell, I can understand that because the conditions changed dramatically like of funding. People faced a lot of challenges, not just financial part, but I mean
the the running side of a Dow, things that it didn't expect. So and it changed people's minds per se, it's about the Dow's. I think it says a normal process because a lot of those problems
you will not anticipate or it's difficult to anticipate and until you get there. So when you get there, some people feel frustrated, some people get into fight, some people choose to give up and that's okay.
Yeah, I understand everybody had their own situation but for us we will continue. It's about long-term play and then deploying the right strategy in a different timing. I often say the strategy that I should deploy in the
The beer market should be quite different for the charity, the Dow, the ploy, in a boom market. You mentioned me, you heard I mentioned a lot of these cycle things because it does change the environment that we are at. So we have to know where
we are in this environment and we get affected by the environment. But just like for NFT too, I think we are here for building for the long term. It's true that some dial cases that facing some China
some information, situation, struggle, some criticism about governance, for example, some layer 2, arbitral, you know, the Dow have some issues, and then after one year, now, now, you know, 8.0, people complain, and nothing being viewed by them.
you know, so what they actually built and even like now's down they have this kind of fog discussion happening in the community. Again, I think these are the problems that we're going to face when we get to this stage. It's just part of the journey. You can
And just like being idealistic, or wearing decentralized highly transparent, everybody has an ego say, "Every day." No, actually they are more challenging than the time you enjoy this part, the sweat. So I would say the deal
We are still in the process of finding solutions for those challenges. So I wouldn't say down this structure, we would get to a point that it's a very ideal that would perform such a central role.
What I believe is still play an important role in the crypto space because the reason why we have that is because it's probably the best candidate to address the decentralized, to be the organiser
a lot of people argue that there is nothing as 100% true decentralized and I agree with that. But you see in this decentralized setting down it's still a very good candidate for people to adopt.
crippled evolve, I think the Dow format, the Dow philosophy, the way of running it, it will also evolve. That's how I see it. I don't think it will die. It just evolved to the phase that better feed the situation. And that time,
people will solve more problems, they'll come up with new solutions. For example, in your credit active found the voting system, there wasn't there, nothing like that. But because people found, okay, one token of vote, there are some issues, so people come up with a new solution.
It tackles the issues and make sure that well don't control dominated the whole voting process and then so we gonna face more problems But the beauty of it is like people in the doubt those who are real builder who care about the community are
trying to think of solutions to tackle the problems that come up. Just like people that like four or five, five hundred years ago, they were moving from the Europe to North America. There were a lot of problems when they landed there, but they come up with solutions. It's a new theory.
to refer them. Yeah, so I think we are sort of in this similar phase, but so overall I think O'Dow is going to play a vital role, but the best practice and the way the running mid, you come up with new solutions, new tech, new philosophy,
philosophy. And I'm excited to be part of this journey to evolve, to grow together with the whole community, together with the whole space. You know, you like to put it across, that how Dows are actually bothering the democratic, democratizing decision-making.
in process and of course NFTs has its own potential. So I mean my point is given the potential of both NFTs in Dallas who kind of redefine democracy, ownership and governance, what impacts you actually foresee on the evolution of online community structures and hierarchies?
Yeah, it's a great question.
Yeah, so on one hand, I think they were good like the merits of using DAO or using crypto. Like first of all, it's high transparency. Whether it's the voting you can, it's online, whether the transactions,
one more layer and I don't want it, it's also there on the blockchain. So I think these characteristics will remain. So for a structure, I think that's going to play a vital role. And then
For example, let me use the one. Democracy is great. It's how most well performing countries use the particular system.
they adopt. But when it comes to certain decision making process, it doesn't have to be like 400% democratized.
And I'm saying it's not because I'm anti-democracy. It's just like the reality is there are some decisions made in process. It doesn't have to be like fully-chaspired like that. It happens in all the democratic societies.
The White House, they have something and then there is some, the Congress, they have something that they cannot disclose. Right? It's not because they are hiding something. It's just the way that those decision-making process should be. For example, I use one, it will be investment.
So far, investment in the OWL also investors. The purpose is to get the best ROI. They put down one million dollar. They can get like, they want to get like, two million back, you know, it's a profit, right? Good ROI.
So when it comes to making investment decisions, not necessarily the most democratic
decision-making process, going to help you to get the highest ROI, highest return. For example, how about the people that in the community, they are not familiar with the things that you invest.
Maybe it's like not everybody have the knowledge to expertise of their specific thing for example NFT right a lot of people in that community understand the NFT but not everyone some of them weren't like stronger in the divine right
So I think expertise, definitely player role in making investment decisions. The other thing is not everyone have the time or put the efforts to go
to the documents to understand, hey, what this project is about, the product, the go-to-market charity, the founders fish and things like that, the people are easy. And then you ask them to vote. It's actually
I used the word common sense, right? It's actually doesn't make any thanks to a lot of common sense. So it's example of like not the democratic, you are the best decisions you're going to get.
And then in running a doubt, there are a lot of decisions need to be made. So I would say those ones that are going to affect the treasury, the important ones, the key ones, we want to do it in the transparent
So the community have to participate, participate, they have to know, they have to write to know because they are the owners of the community. And then like some other decision making process just find other way to grant representative to do it.
And this way should be legitimate, meaning the community agree that team or those group of people make decisions on behalf of the whole community. So we are balancing sort of the democratic elements and also the efficiency of the doubt.
Sure, okay, I have a bit of a different update at one of your sentence when you talked about that, you know, in the Dow, not everything has to be decentralized or democratized. I mean, what you would like me essentially to say is that certain decisions and, you know, the voting parts should
be centralized to kind of take the towel forward and understand which is the best way for it. Now in my understanding, forgive me for my limited understanding here, but aren't the voting mechanisms are a vehicle through which people actually find on the poll?
actually shows the intent behind it. So, okay, in short, I'm going to encourage short orders. Fantasy series that does are always decentralized. I think the way it which the voting mechanisms are adopted is the way for Odin centralization aspect doesn't really comes into picture.
I don't know if I may go up with my idea to us. Go ahead, thank you. Yeah, it's a difficult topic. And what I was saying is more from our little experience for running a Dow in the past 40 months. And it's
Certainly it does not represent the best practice, there are different doubts that they are running in different formats. Some are even more centralized than we are, some very decentralized. But my suggestion is, go back to your community.
is that decision making process, people too comfortable about it.
If the people in the community, if you comfortable and agree and supported, you don't have to give a damn to other community, other people think about, "Oh, are you a true dog or not?" Yeah, that's it.
So, while going back to your community perhaps would be your old time lesson and understanding, what are some other lessons you learned in your journey with Aik Tao so far?
Sure, I want to understand that what have been your other learning lessons while building up each doubt so far until the inception till today. Wow, we learn a lot.
So I think the biggest things that we...
We come across, it's how to adjust the most important, how do we adjust accountability issue in a Dell.
some other dogs we see a lot of dogs that they have a very sizable treasury and then a lot of some not a lot but some proposal proposal
It's a good proposal, it's a good marketing material, it looks nice, but they may say some of them passed away and got a grant and the money, but ultimately nothing, not a lot of significant value being built for the dollar.
And not much have, I'm not saying all, but we definitely see some proposals and things like that. The money is being spent, but no coherent result, no measure
So our, what we have seen is a lot of focus has been making decisions so we give money to that proposal that team are not, but last on how well it performs, does that result really?
really achieve is that the thing that that team deliver actually similar what they say. So it goes back to the accountability issue. We can compare like the traditional startup web to
It's pretty straightforward. Basically, the founding team, the founders, they have the biggest stake. They are responsible for that development. So they are accountable for themself because they are the biggest stake holder if you fail, they lose the most.
But in a Dow, the ownership is among different groups of people. I think that's one reason why we have more of this accountability issue in a Dow format.
So for our experience, my, what I've been thinking is how can we ensure the team are on one hand they get compensation, but on the other hand, we should, the team is to be responsible to the community.
Okay, they actually building things that has value for the community in the long run. And on some, or quarterly basis, there are some KPI, there's something they can measure.
Otherwise, it's pretty easy for people to not... maybe just do things. We don't want people to do things for the sake of doing things. But, and then we want people to create real value for the community, for the Dow.
And the other thing is, this is human nature. People get lazy after a while. Maybe they were very passionate at first like six months. Okay, that's Bill, that's hustle. But you know, when we made me something that
like troublesome happening in the personal life or maybe just like after some while they burn out. So we cannot rely on just a good vibe of a particular person or a team in six months. We have to figure out a mechanism that incentivizes those people
that can continue to build on a long-term basis and then they are also responsible to the community accountable. And it's not easy, it's not easy, but there's important lessons that we try to improve on a quarterly basis.
You know, it's very interesting problem you just point out about the issue of accountability and with this entire discussion, I just have a random night of the bad thought, but let me just gonna put it out for you. So, you know, what usually happens is that he said that the issues at accountability, you know,
who do I put responsible for if this is not what it was. So just similarly we have a structure in a corporate setting that instead of the commonities working in silos, why not compartmentalize them into distant buckets?
you know, that one community being responsible for say the growth or the second community being responsible for say the marketing. Now to have a quality check on the performance of how the community is doing, the way we do it incorporates bias,
giving reports of our weekly or monthly activities. Similarly, the community can also give their qualitative checks. And of course, the incentivization will happen basis the performance for each of the proposals, maybe. I mean, just write up the bad thoughts.
Yeah, that's very nice. I mean, we should be open minded to different approach to adjust this issue. And some of them may be from we so called the Web2 or traditional corporates world. And there's nothing wrong using
As long as it works, it makes sense. It helps the community or the team to solve problems. We don't have to be idealistic. We just want the food
decentralized thing, we don't want the old big copper stuff. No, yeah, that's something I want to just add on. Sure, I mean these are just inspirations we're going to get in our regular lifestyle I think and from that's where the
mission to a problem actually comes. All right, so I also want to understand since you've been in the ecosystem for a long, long time, what have been the biggest misconceptions that you've seen in people when they talk about cows or a factory or the communities in both the areas?
Okay, that's a good question. Misconception.
Yeah, because like okay, now has three words like decentralized autonomous organization. So most now they are not that fully decentralized. Okay, it's just like a degree of decentralization. All right.
So if you somebody think okay when the decentralized world means okay fully decentralized then probably most of the doubts will they will feel disappointed. The reality is there are different degrees of decentralized these centralizations for different doubts or communities.
and the autonomous part, it definitely allows us not to autonomous. The whole concept comes from more on-chain protocol, like D5 protocol, that you can execute everything on-chain, or most of things.
on change. But we are seeing Dow being tried to apply in other sectors, right, sectors that related to physical objects. People in real life
community with few people. And then, so in that case, we have more sort of off-chain components. The more off-chain components, the more down-have, the less autonomous by nature it becomes because it cannot just execute.
like those online depot, like the depot would go on chain. This is a nature and then again I'm not saying there's something wrong with it. It's just we are in a process of trying to apply doubt to different sectors and then in other sectors we have that problem
Okay, then it's not that autonomous. Then let's see if we can find other solutions to adjust this part. So, organization, I think the world is, yes, it's organization, but it also
I think the community part is not being reflected by this world. The one comes to the organization, it's about when you see this world, it's like a structure or hierarchy of people that do things specifically. But the Dow is based also
contains people of pure love or pure good vibe or pure conviction of the things. It can be a mean coin like BTC. It's a mean thing. So BTC like Bitcoin is a Dow.
So, I think there are a different element of the community part is not being addressed in this DAO 3.0.
So I think that I just want to add on yeah Sure, so that makes sense well to all our audience if you guys have any questions just send me a request and I'll take it up towards the end I've got a couple more questions for Carpona before I let him off my hook
Thanks for answering that for me, Karma. So now what do you think are the major trends in the Wethere space that eight now as a community, as a platform is most excited about?
Yeah, we definitely want to invest in QBade. The team is going to have more and more time and energy in building around it. So in terms of the trend, I think there are a couple
things that we are looking at closely. First, our energy related or the narrative. I know it's a fair market, as I said earlier, some people lost commissions, but we believe it's the, it's going to
going to do well. It's come up with a new functions, new usage. So it's going to like the NFT concept, all the things we're going to see next cycle and compare the last one, it's going to be quite different.
So we are excited to see what kind of new usage possibilities are with NFT. And then in general, but not necessarily a doubt that we'll touch on like the gaming and breath 3 social are definitely still have a
a lot of potentials, helping the potentials on-boarding more and more people, new users to your breath space. Gaming and NFT have a lot of interactions and then the breath to your social. I know some of the protocols
they are building hard to move to the next stage. So the other thing will be how top pick like the ZK, something that a lot of people
investing a lot of money, some VCs, some of our members that are working in different VCs, they also put a lot of money into this different ZGIR protocol. Yeah, so this is some of the trends that we can see in the
space that some of them are actually shared by our community members. So again, it is an example of the knowledge sharing and the network sharing by our community members with a team and with the community to try to understand what's the next big thing coming up.
Sure, so well, all of it sounds very extremely exciting, Irma. Now my last question to you before I open the floor for audience, what's that advice you'd want to give someone who's new to the Web 3 ecosystem and might be interested in joining a community such as 8 now.
Yeah, so first of all, A-Dow, we are the membership based system. We open to public to go to our website, A-Dow.io, if you're the form, and then we will have people to follow up with your application. So it's not that difficult.
to apply. And then we, the reason for us to do it is we want to make sure we have a healthy, supportive environment. As you know, in the crypto space, there could be some scammers, you know, some people that
So the whole purpose for this application process is to ensure the quality of members and the trust. The members that are comfortable about talking, sharing and networking.
working, knowing each other in the same community. So it's not for setting up a high bar. It's a difficult for people to join. Welcome people from like really degenerate people like flipping mean points, flipping entities, for people more silly in this space.
So it's not about like the so-so level, like the level, the person in. I think that's one message we were trying to send to all the people that interested in joining AIDao.
And the beauty of the network is that the Hing is like the network you got here in Adal, the old quality members. People have conditions, long term, they're good at what they're doing in their field. We have very diverse background people.
and all of them are care about what they do, have a long-term plan, you know, willing to stay in the sector for a long term. So that's usually you learn the best from these type of people, right? Because they are dedicated time to research.
and then think strategically about what the area they do. So for example, recently there was a gaming related projects. I can easily identify someone that from our community familiar with the gaming and then I just book a section to have a
with him to seek some advice. Yeah, so I think that's the beauty of having a diverse group of members. And yeah, so that's, and we hope we continue, we expanding in different areas too, for example,
We have a lot more Japanese member joining and then we also contributors from Brazil and Brazilian So help maybe download helping us to introduce a down to the Latin America community and we look forward to all this new initiative coming up
Well, thank you so much, Karma, for patiently answering to all my questions. We have a question from the audience. Jay, see you may go ahead with your question, please.
not at a moment, let's do listening and digesting. All right, thank you. Thanks, Karmam. Well, that was a wrap up to our insightful session with Karmam, the founder of Ateau. And on behalf of Towsar, Karmam,
I'd like to extend a profound thank you for being here. It's actually been an enriching conversation while we uncovered the power of community in how it's driving the future of Web2Ecosystem. Well, to all my audience, I hope you enjoyed this conversation and it is
inspired you to delve deeper into the realm of Web 3, NFTs and Dows. Thank you so much for joining us, so keep learning, keep investing and most importantly keep building. Thank you so much, this is Salon Chieng, your host with the Knight, have a great day.
Thank you, Karna. Thank you.