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HBAR Open Mic! 🎙️🟢
Recorded: March 26, 2026 Duration: 1:34:30Space Recording
Full Transcription
Thank you. See what? C1 Thank you. so Hi! Hi! Hi! Hi! Hi! Hi!
Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Hi! Thank you. All right, right.
Welcome back, everybody, to the HBAR Open Mic, a.k.a. Kabyplaza.
Great to see you as well, Brandon.
I read that you had computer problems, but you still managed to make it.
So that's good to see.
I didn't get a chance to check Discord, actually.
So, Joe, I'm guessing you're replacing Patrick today?
No, he said I'll see you all in a few minutes.
Okay, well, let's see.
He must be locked in, you know?
Like, usually he gets to work and then he goes into flow state.
It might be one of those days.
Oh, he's here. He does. he is there he is i imagine that if patrick manages to um to be focused and don't
get sidetracked while working and in gets into his flow state. Like you said, my feeling is that Patrick
can get into this really intense sort of flow state. He can zone out and just grind for
hours on one thing and then he gets addicted to that thing and he doesn't stop, which is great.
It's the opposite of how I am. But yeah, it's impressive.
Guys, I hear you talking about me and I wasn't even there.
What good stuff is all being said?
Sorry, I had some connection problems.
That's all.
You didn't make it here for five minutes, Patrick.
And we were speculating how you must be in flow state.
We're missing you, bro.
How I died somewhere in my garden eating the wrong weeds nah i have a wired connection uh it's better for your brain guys but um this this i have several
of these things because i always have a backup and this one died so i i had to get another one
simple as that yeah all right no it was all positive, what we're saying about you.
Aqua mentioned that sometimes you get into this flow state while working,
and we were basically talking about that.
Well, I speculated that you, I had this feeling that if you get into this really focused flow state,
that it could be quite intense because you get sidetracked so easily.
And usually people with like ADHD, ADD, who get sidetracked easily,
but then if they do focus and I have kind of the same thing,
then it's, you're in the zone.
So I imagine that being the case with you and joe basically uh uh confirmed that well i think i
can focus strongly on something and i don't want to let it go until it's finished but
with my work i got um the team of builders that we're working with they sometimes
social media goes bloop bloop bloop all. If you want to focus on something, that's annoying.
So sometimes you just can't finish something.
But that's okay.
But, yeah, I do need coffee in the morning to wake up and really focus.
But the thing is, if I take too much coffee, so one cup a day, that's the golden limit for me.
But too much, then after three, four days, you just crash.
But yeah, but coffee is addictive, guys.
They should really, yeah, well, it doesn't matter.
Going too much sideways.
Take it back from me, please.
Take space.
No, I agree.
I agree.
Coffee is addictive.
I like espresso a lot,
but for me,
it helps,
you know,
to take coffee
with some fat and sugar,
so milk or butter
and some sugar
so the caffeine gets
protected a little bit
by the fat and the sugar
and it gets
less of a peak and less of a drop but the downside is that
i actually like the taste of coffee so i prefer black by the way i'm also expecting liam to
join us once again it's been a a long time since he joined but
there's some updates about impart so i asked him to join. I'll shoot him a message
All right message sent so maybe Liam Jones as well
but we do have IV-Fi on stage as well and
guys
congratulations on the mint out and I
Just arrived home, so I'm going to be walking upstairs now,
and I'm going to ask you guys to tell all about your Mint and stuff while I do that.
You have a couple of minutes. I'll be listening, though.
That's brilliant. Can everyone hear me okay? Sound good?
All good, man. Yep.
Fantastic. Hi, everyone everyone i'm john from
ibfi i'm the ceo of ibfi uh yeah so we had we had a free meet with real i would just like to say
by the way before we start uh thanks for all your support and help throughout this journey
um the same when you were talking about in the zone as well i think we've been very much that
moving from you know concept of this is a great idea club into an actual proper project audited from test net to
main net. So there is that jump that we have naturally taken now, which is it's been interesting
to say the least. It has been enjoyable, but we have been in the zone. We are moving now to get
back on socials, back in more of the chats, but sometimes you've just got to pause stuff on you
and then get through it. And like I said, thank you for everything.
Yeah, we had a free mint of the Atlantis, which was for Jeremy, one of our very, very talented members.
He's also a bit of a musician.
So he wanted to do, you know, an NFT and with audio as well.
And for those who don't know, our whole project is based on hasionals, which means that everything we use and how we work is on the graph, all the data.
So everything that's from the video recording, voice things, everything else, we're going to be pushing everything on the graph, on data.
So we use hasionals for everything.
You guys have all supported us again.
You've got our Boost and Pioneer NFTs, which are now live on there.
And ultimately, what does that mean?
Where are we going?
So we're Ivy5.
We've obviously positioned ourselves like the staking hub,
or we want to be one of the best staking hubs on Adara
and work with everyone else.
But ultimately, what we're going to do is we just want to work
with everyone else and be part of the team.
That's ultimately what we want to do.
What we bring to the tail is a bit unique.
Like we said, we want to use, when we came to Adaira,
we wanted to make sure that we did everything, you know,
that this network can bring for us.
So we pushed everything on the hash signals, all data's on graph.
There's no data on the back end.
We strongly believe in it.
See a few projects in here that are big on Adaira as well.
And this is why we love this space, as in developing
and not all just EVM-based.
It's a
place for it but not for what we're doing right now um so where are we at now we've got a ivify io
and that's our web that's our current application uh we've got two staking pools on there at the
moment uh even though we have launches on mainnet we're starting out as a gradual pace we're talking
to partners we've got pools on there and as we, we're a single-sided staking hub.
Now, some people go, what's that?
It's slightly different from the liquidity stake,
and it means that we use the generic token.
So if you've got HBAR, you get HBAR.
You don't get an LP.
If you get IVFI, our token, you get IVFI.
It doesn't mean that we can't do it.
It's just what we're starting with.
And even though it's a staking hub,
really what we are is we're a swap and upgrade platform.
So what's going to be coming really shortly and soon
is like NFT upgrades.
So people could stake NFTs, get over NFTs back,
got free NFTs of a certain type,
upgrade to another type of NFT over a time period.
We've got all these different variations
that we're going to do for partners and everything else.
So we're super, super excited about that.
We're super, super happy that we're finally out on mainnet. We have this weird delusion, maybe, or idea that
we thought, oh, we're going to go into mainnet and, you know, things are going to calm down.
But actually it's not, which is a good sign. We've had loads of interaction with people,
but it's nice to, you know, have talked to people again, get back into the ecosystem and not just
sat there signing and do like the coding, sat there and doing
codes, so this is why we're here today.
And, you know, we're super, super happy about it.
If you want to try, there's two pools on there now, Ivy Phi and HBAR.
They've got, yeah, two pools.
HBAR's a 30-day duration.
Ivy, the Ivy Phi is 120 days.
And that 30 days will give you back 2.5% over 30 days,
but over a year, that would be equivalent to 30.
And literally, that's for the funding from the company, straight out,
giving HBAR back to the community, back to the supporters,
back to anyone that wants to use the platform.
That's where that's come from, and it's the first pool that we want to launch,
mainly because we believe like, hey, even though we've got IVFY as a token, your platform and your tokens are more important to us
because we want your platform and your stuff on there, right? So we need to make that relevant
for everyone as well. And there's a few other services as well. I don't need to go into the
macro unless people ask about it, but that's currently where we're at. And, you know, we're
just super, super happy to be like, you know, we feel like, you know, we're just super super happy to be like you know we feel like you know we're a new
start a new project on this amazing network and you've all been like awesome which is brilliant
and i'd like to thank everyone from the get-go
and while i'm speaking if you've got any questions i'll be happy to take in or anything like that that'll be brilliant yeah well um so you mentioned that um
um you know updating the nfc's etc um will that sort of stuff happen on the platform as well like
do you have nfc tooling or yes yes so we you we obviously more than a second best one yeah yeah
so right now we've showcased it a little bit. So we launched, I know, with you guys as well, another brilliant service because we're new to the network.
You know, we're looking at, as anyone normally does when you come to Web3 and you come from other networks, you look at like smart contracts and stuff.
And then as we started looking at stuff, you reached out to it.
Well, we got a little conversation with yourself.
So then we realized how amazing all the tooling that was already built in.
From our IONO, they weren't the hash and all standard. Nothing wrong with them And from our INO, they weren't the hash and null standard.
Nothing wrong with them, by the way.
But they weren't the hash and null standard.
And we wanted to put everything on the graph.
So what we've done is we've already got the conversions.
For those who got the governor NFTs, who was in there early enough to get that
and supported us from the get-go.
Another thank you again.
Can't be thankful enough.
But we have now transferred and got a swap system for them.
And what they've done is they've swapped their governor over from a normal IPFS NFT over to a national standard NFT.
And they've also received their Pioneer, which is our way of rewarding people in our native token.
You can receive tokens, but ideally we give you an NFT.
You can claim at any time.
That means, you know, when that event happens, it's entirely up to you how you want to manage it.
So, yeah, we have we've got a swapping service on there now starting.
But like we said, we're looking at now a lot of projects on this network.
Obviously, I'm interested in NFTs.
So we're looking at now, it's coming out very, very shortly.
You've got an NFT.
So you've got a collection and a project wants to upgrade.
And you might have been like buying these NFTs for ages and you've got like collection and a project wants to upgrade and you might have been like buying you know buying these nfts for ages and you've got like level one nfts and we're going
to offer a service where you can collect put them nfts together staking for a certain amount of time
and then if the project wants they can upgrade them to say their rarer version of nfts and just
give people a bit more flexibility in the projects that they might not have right now
um so yeah we're going to be offering that n NFT staking as well to get native tokens. That's a service that we provide as well.
And we also provide partner pages, which we go to iify.io,
at the bottom just say partner, and you can see like we've got mockups.
So if people want to launch their own page with their own branding,
we can, stage one right now is on our platform,
but we are looking at being able to supply an iFrame for somebody else
to be able to inject that into it which we're really excited about and um joe i can see you got your hand up
yes my algorithm shot i have notifications on but i feel like i'm missing everything
do you have a post with all of this info and links for people like me
that you can pin so i can click on it and go get everything got
uh we i know the team i don't do the post but i don't do the person self i've been looking i've
been posting quite a lot so i've had a lot of different things that people have come out with
but what i will do is uh you'll see there's uh mark in the chat as a listener what i'll do is
i'll get him to either put one together i'll link me one through with all useful links in one post
so like a useful links post with a quick,
would that be better for you, do you reckon?
Yeah, yeah.
I just, it's the way that Excel goes changing.
A lot of my people that I have notifications on for,
I'm still not getting notifications every time.
So I feel like I've missed it.
Like I haven't even, I knew the swap to swap to hashinals was coming but i never saw it so so the main part for all our support is the discord um just to stop
like you know you know discord like same with the telegrams you you know you get people in there
that you come in and they get oh i'm sorry i heard discord and I got sick. I got to clean this up.
Apologies.
Anyway, we've got Discord, right?
But to get on there, go to the Discord if you need immediate help.
But we'll put it in a post anyway.
And then on the Discord, to join it, you've got a verification.
It's like 0.1 HBAR.
You send to an address with the UUID, which is like a code.
And then that'll verify your account
and give you access to Discord pretty much.
It's just to stop people flooding in.
You know what it's like.
Do I have to be in the Discord to do it?
Well, no, that's just to support if you get properly stuck.
I'm quite happy for you to, you know,
you can just message any of the way that you'd like.
Not that I don't want to participate, but it's rough because I have Discords for our brand,
for work community, and then I support like,
and there's a lot of people that do this,
I support like 40 other brands,
and everybody's like, well, just go in our Discord.
I'm like, that's a full-time job.
I believe it or not, the Discord has took probably,
and the community is brilliant,
but this is a time-consuming thing for any project.
Everyone will believe it's worth it,
but it is a very time-consuming thing
because you always, you know, and it's a good thing.
People are first-diffed knowledge, right?
Which, you know, you do your own research is a big thing,
so we're happy about it.
But yeah, it's even for a project to manage
and then being everyone else's, right,
and try to keep up to date,
I totally appreciate that.
I'm actually speaking to Mark right now.
I'm going to WhatsApp him.
So what I'm going to do is I'll get a quick guidepost together,
a short one,
and I'll put that on X and get it together and done
so that you do this, do this, do this, quick steps.
And then you can always comment back just on X anyway.
Yeah, we'll just comment back next we're
pretty relaxed you know i mean and we'll run it like that and uh if you need any other dramas
we're all right to uh you know set up some sort of space and you know if we get enough people
with questions all right wait thank you so much that's absolutely fine thank John, quick question. So you said that you pay 2.5% on HBAR over the next 30 days.
I guess there has to be some kind of a cap on the amount that can stake.
Because, I mean, if Mance came in and dropped a billion HBAR, you might have a hard time paying 2.5%.
So how do you manage that?
So right now, it's all on graph.
So we have a topic pretty much on HGraph.
And you know normally where you have a staking pool,
you have some sort of database or verification data, don't you,
for what that staking pool is.
Our We're Managing it, we do have maximum stake for pools.
I think the HBAR one I'm on it now is 44,000 HBAR.
You can maximum stake into that.
And then, so it's all in a topic online that you can
check so you can check that data as well if you click on the app it shows you but we're managing
it to make sure that um so one thing that we obviously didn't want to get into is like
custodial staking because legally it starts getting to a bit of a nightmare which i'm sure
projects on here have been banging the head with or it becomes a bit of an area. So what we do is we develop this system called the Vault System.
What the Vault System is, is an NFT that has, like on the network,
you can see the public key of the person that's using it,
the public key of the ID5 protocol.
And then what it does is it creates a wallet with M2 keys.
The only thing that the protocol has interaction with that wallet
is verify that that person is that person.
You know, so they've got the NFT, it's the right account ID and it adds that account ID to it.
And so when people stake, it doesn't come into either fight, it comes into the shared wallet, shared wallet that the user has the main key.
And we just have the verification for it to make sure it's actually there.
So we've done that, sell that service.
That's how we made it. We've added that extra layer of security on and make sure that we're not in full custody because we didn't want to be a part of that.
But yeah, for staking pools and amounts, there is a max stake
per pool. And obviously somebody would have to have a
vault NFT and then they can stake and use all the platform services. They need that
first thing. And it's only like 10 HBAR, 9 goes into the wallet for any associations
or anything
we take one literally to cover like a mint cost because we don't believe that that should be a
cost to everyone security should be you know the forefront of everything um so yeah so we manage
it ultimately by limiting max stakes for pools and then there is that element to entry of having the
vault as well um but there's nothing stopping somebody going on and then doing multiple stakes
if they really want um the only caveat that we do have is so anyone can just somebody going on and then doing multiple stakes if they really want.
The only caveat that we do have is so anyone can just get a vault and then stake.
We wanted that to be a thing.
Like you've got your security, you can stake.
There's no caveat.
There's nothing to you.
And if you want increasing on that stake, so it starts to like 0.5% over the, you know, for one month, which is like 6% over the year.
But for the one month, you'll get 0.5% back at the lowest rate and then you can buy these mfts called boosters and what they do is if you apply a boost to the transaction by clicking in the menu you can see like apply boost
it'll show you how much you've got increased of that stake and then the boost with your tokens
goes into the vault wallet not into into the IEFI protocol wallet
or anything that we control.
It goes with the vault wallet during the duration.
And when you claim our liabilities wallet
then pays you the difference
and then everything else.
So that's how it's managed.
Okay, I got you.
No worries.
It's absolutely fine.
Any more questions for John guys?
Alright, doesn't seem like it.
John, thank you very much for joining again.
And of course feel free to stay with us to hang out and chat with the other guys as well. But yeah, maybe you have a post you can put on the Jumbotron,
on the Megaboard on top, so people can easily navigate to IVFY
and participate and see what it's all about.
I'll check your profile, actually.
If there's a specific post
that you'd like me to pin at the top let me know or you can do it yourself as well
yeah we'll just uh i'll what i'll do is i'll uh i'm i think he's got uh yeah we've got a
latest video that goes through how the stake and how it all works so we'll jump on there then and
if anyone's got any questions honestly just get into the chat and then ask a question uh you know we are like there's there's a good team of us so we will get
back to you i think that's the easiest way to do because not one post is going to cover everything
but like i said thanks again and yeah we'll definitely hang around i want to get a part of
the chat see what's going on the network it's a great time for myself as well i don't always get
on the spaces it's normally jeremy it's a great time now to hear what's going on in h bar and what
all you you know amazing people have been up to and catch up.
Also, while you're getting one of those, if everybody doesn't mind, just go down to the bubble and give a simple like.
And if you're feeling feisty, give a repost to the space.
There's a lot more people in here than nine nine, eight or nine likes and repos.
So let's help the show out and get those done.
Let's go, Joe.
Hell yeah.
Sorry to jump in, Neil, but before Ivy, Jeremy, post something up on the Megabode,
I do want to shout out the recent post by kraken
usdc on hedera is now live on kraken supported on both hedera native as well as hedera evm
which is a cracking deal like kraken and hedera the integration just keeps getting deeper and deeper and
I feel like this one is a really big one because
Yeah, I'm sure Brandon will go in deeper as well
Have you seen have you seen kimchi yelling at him about it every day?
Yeah, and he's so happy
Yeah, so I posted as well.
He's so happy, dude.
Yeah, hell yeah.
Those efforts don't go unnoticed for sure.
So shout out to all the people who keep pushing these people
to do the right things that we need.
Yeah, 100%.
And like you're saying,
well, I don't know if you can call it a partnership or not, but anyway the crack in involvement with HCS and Adara just keeps growing, so that's great to see.
that um hcs tokens were listed first and then usdc um hcs usdc is now live but um you know
doesn't matter doesn't matter it's um it's on there which is the what's important and um yeah
definitely uh go interact with that go show kraken that the uh the hbar community is strong
and although they probably know by now.
And what Joe said was important as well.
Make sure you repost the space, like it, leave a comment,
so that we can get some more HBARBARians in here.
And maybe even some people who aren't HBARBARians yet, that will be even better.
Let's see, we have plenty of people up on stage now, which is great.
I'm not sure about the order everybody joined in, but we also still have to welcome,
or formally welcome you on stage, Brandon.
I'll get to that in a bit.
We'll get to just globally, so everybody knows what we'll be talking about.
We'll get to Liam from Impart as well.
It's been a while.
Liam used to be, well, some sort of co-host for some time because he was here every week.
It's been a while now.
And I actually messaged him asking for an update on Impart.
And the response was,
cool, let me jump on.
Just need to download X.
Can you believe it?
Some people take the bear market really seriously, guys.
So Liam went from being semi-co-host to not even having X on his phone anymore.
So Liam, I'll just let you comment on that real quick and then i'll toss it to
brandon and then we have some other stuff as well to talk about but we're far from done here
you said to throw me under the bus after all this time i mean come on i thought that whatsapp
chats were supposed to remain private anyways now you all know that i haven't had x on my phone and
that's because i've been hard at work trying to focus on the things that really count
unfortunately I don't have a team of minions that I can kind of send to
manage our X and all of the socials and that kind of thing so I'm going to do it
myself and unfortunately the opportunity cost of you know planning expos during a
bear market when you haven't launched testnet just doesn't really cut it for me.
So I like to stay focused.
That's the reason.
But very exciting stuff to share today.
Great to be back.
And I'll try and make it more of a regular occurrence again.
Do miss all of you.
Thanks, Niu.
Yeah, FYI, this goes for everybody.
If I get a chance to throw you under the bus slightly, then I will.
Wait. I called you a minion what no he called you a minion what someone i did not know someone that
can handle It sussed me out.
Oh, you're right.
He did.
All right.
Maybe I guess I deserve that.
It didn't even occur to me.
But yeah, I'm the Gabby Laminian.
I'm fine with that, you know.
Okay, but let's proceed because we still have Liam to get to in a bit. And, you know, that Pixel guys have been hinting at some stuff as well.
So that's cool to see.
Maybe Alpha wants to come up and speculate a little bit with us.
But, you know, if you're more comfortable in the audience,
then we'll leave you there.
But feel free to come up if you want to do so.
So, Brendan, how's your week going?
Well, obviously the McLaren news came out.
I reckon you'd like to comment on that.
Well, yeah, pick your topics.
Yeah, well, I am actually working out a little bit right now.
As you mentioned in the beginning, a rough day.
I'm backing up my computer right now because I'm going to do a hard reset,
clear everything off.
So, yeah, absolutely.
But, yeah, still we had what I certainly thought was a surprise
with McLaren joining the council.
But it makes a lot of sense.
We don't have any sports franchises or anything like that on the council. But it makes a lot of sense. We don't have any sports franchises or anything
like that on the council now. You know, I learned that there's 827 million fans. They have 1.8
billion viewers per year, and it's the fastest growing sport. So getting them on board on the
council just shows the kind of dedication that they have.
Really interesting what they're doing with that.
Well, maybe not right off the bat, but of course, they're doing the collectibles right now.
They've got three so far.
They had the Australian Grand Prix, the Chinese and then the Japanese is this weekend.
Japanese is this weekend. Of course, they've got some more coming up, but the
Of course, they've got some more coming up.
one there's going to be also down there alongside Hedericon
the Friday, Saturday, Sunday before Hedericon.
It's just interesting. What are they going to do with those later on?
Are you going to be able to potentially get in the running for tickets
or fan experiences? Or I would think it would be really cool
to do a fungible
token and do up-only gaming. I know that's like a bad word around here right now, but, you know,
that kind of stuff would be really cool. But we'll see what comes of that. Great what we're seeing
with Kraken. Actually jumped on a Genfinity space the other day with several other teams that have
gotten listed. You guys know the, you know, the suspects who have gotten on. We got Dovu, Bonzo, Pack,
Sauce. And then there was actually another team member that was on there that I can't quite share
yet. But, you know, it seems like that's going to continue. And we also have the stable coins.
You mentioned we just heard about the USDC. And then we have Frontier Stable Coin as well. And
the Frontier Stable Coin Commission is going to be talking down there andier Stablecoin as well. And the Frontier Stablecoin Commission
is going to be talking down there and Hederacon as well. So excited about all that stuff. Got
some really good interviews this week. One of them is with John Kiko, who is now with
Hashgraph, talking a little bit around kind of their, how they're looking at deploying
capital into the ecosystem. Before that was mainly done with grants, but they're looking at new ways of deploying capital in the ecosystem through Hashgraph.
And Greg Bell and John Kiko are the ones that do that.
So certainly tune in for that one. And then I have a great interview with Sushil from Drop, one of the premier payments platforms on Hedera.
They're doing some really cool work with Trust Bank is one of the premier payments platforms on Hedera. They're doing some really cool work with Trust Bank,
is one of their partners.
And then we've heard about the things that they're doing,
and it should start to roll out here pretty soon,
getting their payment solutions,
which of course is all on Hedera Rails,
into convenience stores and gas stations. So those are some things that I'm focused on.
But yeah, as always, a pretty good week.
Definitely pretty good week definitely pretty pretty good um what's already known about the new way of deploying capital when in the hedera ecosystem or or is uh or nothing yet um is there are some speculations or
is it a big surprise well i know one of the things we didn't.
One of the things is they want to figure out ways to generate yield.
I think it does make sense to have more of a venture system than just grants, you know, get some skin in the game for these organizations.
We know that the Hashgraph Association has Hashgraph Ventures and drives me nuts how much they use the name Hashgraph
with different organizations.
But either way, they are looking at that ventures thing or the venture strategy.
And it looks like Hashgraph under Swirls Labs, Manson Lehman's company, it looks like they're
doing similar.
I'm not sure if that means they're going to be going into equity, going into tokens,
looking for yield and yield strategies as far as DeFi.
But it looks like that's kind of the direction that they're going for.
Yeah, that's awesome.
Yeah, we'll be very interesting to hear more about that from...
Sorry, I don't know if I got that right.
Did you say you were interviewing Greg about that?
No, it's John Kiko
But John and Greg are on the same team
So, yeah, same thing, pretty much
Yeah, well, awesome
I think that's a great way of doing it
Yeah, obviously it won't get easier to get a grant
Or, well, not a grant grant but an investment then in that case. So I'm guessing
it will be harder to get some capital but at the same time for those builders who do get in
that way, it might be more sustainable, there might be some more support. So my feeling
is that it will probably in this way be more concentrated and more effectively deployed.
I think you're about right.
Awesome. Well, sounds good.
And then we also touched on the McLaren news.
Well, let's see.
Nick isn't here today.
I don't think I see him.
But let's just pretend he was here.
And because, you know, it's great to make some conversation.
because it's great to make some conversation.
Well, with opinions from people like Nick,
he always likes to look at DERA-related news
with a little bit more of a skeptical view.
I'm curious to hear your reactions, your response on this one.
Nick quoted the news about McLaren Racing joined the Hedera Council
and basically being a little bit disappointed that it wasn't McLaren itself,
but the racing department.
How do you guys feel about that?
This goes for Brandon, but if anybody else has a remark on that front,
that's okay as well?
I don't know. It is what it is.
I could see that. I could see some frustration,
but normally I'm the opposite of Nick.
I see things maybe with rose colored glasses sometimes.
Um, but another council member, it's certainly, like I said, there's a lot of good things
going for, uh, McLaren racing as far as getting eyes on it, the more integrated they get.
And I mean, this is showing how serious they are about this partnership that was announced
a couple, couple months ago.
Um, I'm going to leave it there.
Yeah, yeah.
I'll jump in.
Oh, yeah, go ahead, man.
Yeah, go ahead, Neil. Sorry.
Okay.
I will say that some of his criticism was all right
because I think he was comparing McLaren Racing
to all the other council members in terms of revenue,
in terms of what the company is doing and stuff.
But, yeah, I talked about it in one of my spaces as well that,
oh, but going with what Hedera is looking for
when they're recruiting new governing council members, right?
They're looking for companies or enterprises
who really have big plans of integrating Hedera
into their workflows and everything that they're trying to achieve.
So I feel like it is a great partnership.
It definitely deepens the bond that McLaren Racing
and Hedera have been forming.
And it just goes to show that if they're not at par
with some of the other council members
in terms of their early revenues and finances and stuff, they must have an edge
on what they are trying to build using Hedera. So if they're trying to build some really cool
stuff, really cool applications or experiences using Hedera and integrate them in a deeper and
deeper level, I think it's a really bullish partnership. And also, it's still one of the more famous companies, you know, like it still helps the
marketing aspect of getting Hedera in front of the masses and in front of the people.
So, yeah, I think that they're like the company, the board and the council, the people who
are sitting in these meetings and deciding who joins the council, they're really smart people.
And if they have decided to get McLaren on board, then there must be a really strong reason.
And I'm just excited to see what that reason is and what kind of cool stuff they kind of bring on to the table.
Well, let's also put it this way.
Well, let's also put it this way.
You know, I would understand the criticism a little bit more if we had been dropping off in the quality of council members.
But we got Arrow Electronics last year, a massive Fortune 500 company.
We got Repsol. We just got FedEx, of course.
EdX, of course. So why would you want the racing portion of McLaren rather than the entire car company?
Well, maybe you're looking at other car companies to join the council. And if we have, we need to cover sports.
We haven't had sports yet. So it might make sense to just focus on the sports portion of McLaren here to cover that base, to have that diversification.
Rather than taking the whole car company when we might do more car companies later on.
Definitely. I have some of my own thoughts about this as well, but we do have three hands up.
So going to those first.
Oh, Patrick is not even here. Ekwa, did you...
Oh, Patrick is not even here.
Patrick, what are you doing?
I didn't catch the order if that's what you were going to ask.
But I think it was Fat Boy, then J-Man with SilkSweet, and then Liam with Impat.
All right, let's go with that.
Fat Boy, welcome on stage and shoot your shot.
Yo, what's up, boys?
How you doing?
Doing well, doing well doing well good good um i i have to here's the thing i don't think it's there's no bad publicity like mclaren joining it's a good
thing you know it's it's mclaren it's the racing team it's cool you know there's nothing bad about them joining um i get nick's point i
understand what he's saying but honestly um i'm gonna probably be you know people might not like
this take i honestly don't give a shit what um level mclaren's at versus fedex or any of the
rest of them because at the end of the day, I'm here to work, make money
in ecosystems, our ecosystems, not like, what does it do for SilkSuite? What does it do for
SaucerSwap? What does it do for the NFTs here? What does it do for DeFi that we're involved in,
like what we're actually involved in, okay? And so far, I i mean i've been here long enough that i've seen ubisoft come
here i've seen dell join um you know multiple fortune 500 companies have joined the council
and i haven't seen the price of hbar really do that much like it's it's fedEx joined, we're back at Ico price. Like none of this matters to me in the
long term. It's good for advertisement. As Cy says, it gets it in front of people. People will
find out about HBAR. It looks good, you know, but none of it has had an effect on us yet again i'm not saying it's not but right now it's had
zero effect and so so mclaren being a smaller company or maybe not quite the same level that
if you know if that's what you want to call it it doesn't matter because here's the thing if fedex
can't move the needle or dell can't move the needle or Google can't move the needle on HBAR, then what is going to move the needle?
Really, that is the question.
And again, I'll say it again.
How does it affect your NFT project?
How does it affect SilkSuite?
How does it affect SaucerSwap?
How does it affect anybody who's building here?
Because we don't have price action
we don't have liquidity we don't have we hardly have volume on anything that's what i look at
so the council members joining it's great it's it's it looks amazing like when i tell people
this is our council and they go oh wow i didn't know any of that that's amazing what's what's
the price well it's 10 cents all right what's your volume well it's this oh right so for dgens and for people who would actually come and buy your
nfts who come and play on all that stuff it's not making much an effect for them so again i i i see
what nick's saying but it doesn't really matter i just go yeah it's another council member sounds
great but until i actually see some effect of it it doesn't really matter. I just go, yeah, it's another council member. Sounds great. But until I actually see some effect of it,
it doesn't make any difference to me.
Well, I'll wait until the other guys go,
but I do have some thoughts on that.
Let's go.
So sweet.
Yeah, so, you know,
I feel like Nick's thoughts are valid,
but, you know, if we take a look at McLaren Automotive versus McLaren Racing, the two different divisions of McLaren.
McLaren Racing actually recently surpassed the automotive division in valuation and profitability.
the automotive division in valuation and profitability. And the way that I look at it,
I actually would have been less bullish if it was the automotive division. Obviously,
it would be best if it was both. It was McLaren as a whole. But the automotive, like the retail
division, was expected to deliver 3,200 cars in 2024, which is a 50% increase from 2023.
So you're dealing with a very small number of people. I think their entry model is like the
720p or something. It's like a $400,000 car. Like I don't know that for sure. It's hundreds and hundreds and hundreds of thousands of dollars. Whereas the accessibility and community surrounding, you know, sitting down and watching an F1 race, it's just so much more accessible and kind of retail community oriented, I feel, than the automotive division, the people that are
able to actually buy these cars and put them in their garages.
So I actually think, and then additionally, too, I agree with Fatboy, but this one feels a little different with these McLaren NFTs and the way they're
engaging their community directly through, uh, through, through like requiring, you know,
people to download wallet, to, to, to download and set up wallets and driving wallet creation. And side note, their third NFT is available to claim.
I'm so upset I missed their second one last week.
I got their first and I got their third today.
But yeah, so I think they're doing things a little bit differently.
I think that I'm seeing Hedera do things a little bit differently as well in general
in regards to marketing you know, marketing.
They've got a hackathon going on.
I don't mean to go off on a tangent, but they've got a hackathon going on in Argentina right now.
They're just moving differently.
And I think McLaren is a representation of that.
And I'm actually glad personally for me that it's the racing division over the retail automotive division
of that company. That's just my two cents. But I do think that, and I'm not just saying this,
there's some really good points that were made by Fatboy and by Nick, you know, throwing kind
of shade on the fact that it wasn't the company as a whole I get it but for
me yeah I'm actually a fan that that it was the f1 racing division personally
love that just real quick before toss the mic to Liam prison market and seeing
you as well will definitely get to you bokeh to milk I think this is the first
time you're actually up on stage so i just wanted
to check real quick if you're planning on uh speaking if not then i'll i'll have to drop you
down to the audience but um if so welcome just checking in oh sorry so um yeah this is my first time actually on this space so um sorry to just budge like that
i'm so sorry what i just wanted to say is um i like there's one thing i usually say online is
and it's um hetero boys are very learned that's one thing hetero boys are very learned. That's one thing. Hedera boys are way learned.
In fact, it forces you to learn.
It's not like the other ecosystems that you just go around and just buy tokens or do whatever you want to do.
In fact, Hedera pushes you to go that extra step to know what you're getting yourself into.
like know what you're getting yourself into i get the frustration where uh it comes in uh with the
mclaren uh partnership but when you also look at the whole marketing strategy of hedera it comes
down to just one subtle point invisibility and ubiquity just one and months how man has been saying this way from the start
way from the start so if if months who is the ceo let to me i just think like months is just
the marketing guy he doesn't know anything about like
oh you're breaking up there and i don't know where that was going actually yeah who's talking
because my screens froze up by the way yeah it was book it was bokeh.e but yeah it was it was
kind of rude of him to butt in so let's circle let's go to to Liam for sure and we'll circle back to him. Yeah.
We're too kind for letting him speak,
but Liam, sorry for that.
Go ahead, man.
Unacceptable, brother.
You better do better next time.
Just kidding.
No, it's social.
I assume you can hear me now
because you're reacting great
because this space is glitching the F out.
But anyways, Fatboy, love the points that you made,
and J-Man as well.
Also, great to hear what J-Man's been a while.
But to me, it seems like whatever Hedera is doing
with their council is completely separate to retail,
but they obviously have something going on there,
because otherwise, why would all of the people
who are joining the
joining the governing council join i genuinely think there's something going on that none of
us know about at that level and they've made it evident from the start that they don't care about
retail they only care about enterprise and the network itself it like i think i don't know why
they created hbar i mean i think they created it out of necessity because there had to be a fee mechanism.
Maybe they created it to make some money.
I don't know.
I don't know why they created it,
but it wasn't ever their main focus.
So retail is up to us.
Like nothing that happens in that sphere of things
for now at least is going to affect retail.
Although I think at some point it will.
At some point it's going to trickle down.
But for now it's up to us to make this space work.
The governing council is not going to help us with that but i think we're building some pretty cool
stuff from the ground up our side and i think that what we're building here you look at sourceswap
you look at silk suite you look at what we're building um what ivify is building we're actually
building useful tools that will draw people into retail.
Like that's what this is about. I suppose that's why a lot of us were funded to do that by the
foundation, which unfortunately now seems to be like null and void, which is a great shame,
I think, because I don't know if I just came in at the right time, but it seems like now
there's some really promising promising stuff being built
i mean i don't know what was built five to ten years ago as a result of grants but maybe someone
else can educate me on that but the newer projects seem to be really starting to build and i mean
you look at someone like uh kyle postmaster from raptix he is like so we've been working with
raptix for like more than six months now and k Kyle is unleashed now, thanks to Figma Vibe Coding.
Like he can build like anything.
He literally, and Brandon, excuse me if I'm not supposed to say this, Brandon from the WCO.
I mean, he like rebuilt the entire WCO platform.
It's like a next level version of Up Only Gaming.
And he has no coding experience.
It's better than Up Only Gaming.
It's better than Karate Combat by like 20 million times and kyle postmaster did that so i think that what we're going to see now
is we're entering an era where due to how easy it is to create incredible software
maybe retail and hedera and encryptor in general is going to like skyrocket soon. That's what I would like to see at least because now anyone who has an idea
can seamlessly integrate that idea with any blockchain
or any cross chain or the hash graph or whatever they want.
And so like the sky's the limit
in terms of what we can build.
And Hedera in particular,
what Jeremy and John have said from IVFI
is that Hedera is better than all the other
blockchains. You can't do on the other blockchains what you can do with the Hedera tech. And now
that it's been easier than ever to build amazing applications and get amazing design, I think that
we're going to start to see this kind of retail revolution. At least that's what I'm hoping.
And I think it'll start in the next kind of
bull trend, I think. It's not going to start in the bear trend. A lot of us are building now,
obviously. We're working hard. But I think that when we see the next pump, I think things are
going to be different this time. That's just the sense that I have. Because I think there are going
to be a lot of people with amazing ideas who are going to be able to execute immediately on those
ideas at very low cost. and that's a game changer
yeah most definitely um i agree i i feel that same way well not about everything you said but
the next time that will um that we're really going up will look differently.
But yeah, taking it back to McLaren,
because Brendan had a last remark on that as well.
Personally, I like the fact that it's McLaren racing a lot,
because if it would have been the car manufacturer, the company as a whole, McLaren, then what use
case are you looking at? Probably just supply chain related or something with ESG or carbon
credits again, right? It's a new sort of company, but it would probably not be necessarily a
new use case for the council. And now with McLaren Racing, in the short article that Hedera posted, it said that the
aim of the program is to form an entry point for motorsport fans who are new to Web3 and
vice versa.
By leveraging the network, McLaren Racing will bring collectible holders closer to the team,
grow the community, and more activations tied to Formula 1 will be announced throughout the year.
So, yeah, I like the use case, and it's probably more unique this way than when it would have been the car manufacturer, McLaren.
So, those are my two cents.
Brennan, feel free to open up the mic.
The last thing that I just want to address from what Fatboy said was the fact that,
yes, we don't see price movement on the council anymore.
And the reason for that is because a fantastic council with all these huge names is already
priced in.
So if we weren't getting new
council members that, you know, were of similar character, the FedEx's Repsol's, the Arrows of
the world, people would be assuming that it's going to start to drop off. So we would be losing
market cap all the time, or we'd be losing price. So I think the council being made up by these
Fortune 500 companies is just priced in and the implications around that.
The next thing that will move the price is if they really start to build stuff that's going to impact the network as far as making it more sustainable, driving more fees, all that kind of stuff.
And that's Rob Allen's job.
My hope is we're certainly going to see some significant movement there.
But I think that's the next thing that would actually move price.
There are a few potential council members that would move the price a bit. If we saw an Amazon
join, if we saw a Tesla, SpaceX, something like that, that might move the price.
But beside that, I don't think we're going to, I think it's pretty much priced in. So I'll leave
it there. Yeah, I agree. I think you're 100% right. It probably is priced in. But we don't
even get the speculation, which is the other part.
You think DGINs would then speculate on it as well when they hear them.
Because the thing about the news that we get, like any other network, it would explode when you have that.
We just don't even get the DGIN speculation over here because we don't we don't have degen here we have some but we don't have the same
level of degen activity because we've never went after that market and again i could be totally
wrong maybe it's not the market they want it's maybe something hedera wants to stay away from
um i don't think you're even wrong brandon what you're saying i think you're 100 right that's
exactly what it is but we just haven't went after that market, we haven't went after it, and it's probably one of the easiest markets
to get, because they're already here, they've already, they know
how to open up wallets, they know how crypto works, like it's one
of the easiest places to get, you know, and I think that's
the sad part, Hedera has all this tech, it has all this
stuff, but we just
for some reason
we have never went after
these DGents
and this network
could be thriving
ahead of all of them
because we do have the tech
we do have all this stuff
fair point
love you guys
I'm really enjoying
the fact that we're almost at the top of the hour and
we'll go on a little bit longer, but I love the fact that we're already almost 60 minutes
in and I think I only brought on one topic, so that's good. The conversation is flowing,
so thanks for that. The only issue is that we only have 15 reposts and we
currently have 32 people listening or 35 we had 60 like 10 minutes ago so we can
use some more reposts yep that's 16 let's go and some more comments we only
have nine comments so take a little bit of your time and and leave a nice
comment in the comment
section it will help other people to find space as well um hey brendan is gone what's happening
i think the space is crashing out a little bit it is i i it this might it seems to freeze up for me
every so often so that's part of the space is sometimes
they start to crash a bit and people get pinged out ah okay well hopefully uh he'll return and
otherwise not but um all right last topic well second topic and also my last topic before um
going to prison market and all up and also by way, we haven't even talked about Impact yet.
Sorry, Liam.
But I really want to speculate a little bit with you guys
about that Pixel's post from two days ago.
Will posted, well, quote, reposted the announcement of,
well, it wasn't even an announcement of the Forever Mint.
It was from November 2024, where they hinted at the Forever Mint, saying,
we think there's an important piece of the puzzle that makes traditional trading cards so wildly successful.
NFTs don't have it. This week, that changes.
That was about the Forever Mint.
Two days ago, well well posted it's been a
little over a year since we announced the revment now the next move is in motion stay tuned so um
well with the the first time before they actually announced the revment i thought you know if i
really put my um um put my head to this then maybe i can figure out what they're planning you know it can only be so
much but then they came came up with something that what really wasn't done before in NFTs
throughout any chain so no chance I would have guessed that so I basically for this time I
didn't even try I I gave up so and that's a good thing right?
That's that's the thing when you're really creative then
I'm not even going to try to
Guess what you've been
Been cooking but maybe you guys have some ideas or some speculations. I'd like to hear
see that's that's that's what i i was talking about hedira is is it's kind of like invisible
See that's that's that's what I was talking about
you you you don't know what the nft is going to be used for till all of a sudden it just comes out
oh this nft is going to be used as uh a yatch like some yeah some big thing some utility case
something you you bought probably like a year ago thinking oh this is just a regular utility I mean at regular nft that oh I
just need money for but as time goes on you realize that no this is not just any
regular utility I mean no any regular nft it has like a real big use case
behind it and that's what header is all about the invisibility and ubiquity
like you you you it's like they are always in the background doing this oh sorry
they're always in the background doing these moves that um you you wouldn't even guess and then all
of a sudden it just explodes the price action when it comes to institutional marketing,
the price action is the last part, the last stage in it.
They all start with the news because from the news
or is it how huge or how big the news narrative is,
that is what actually moves the price.
The price action is the last part we are
not like the um other ecosystems like ethereum or tron or those are retail ecosystems those are
ones who are looking for price action first we are not looking for that we want the narratives
because it is the narratives it is how big the news sounds to other people that is
what really actually moves the price in the background so if you're looking for price right
now no we are not in that stage yet we are now in institutional marketing
hello yeah joe have you got one of those Yacht NFTs?
Which ones?
The Yacht NFT.
I think I might have missed that mint.
Was it new?
I have everything from old.
I'm old, if it was a new one, I might
If it was a new one, I might have missed it.
have missed it. Might have missed it.
Might have missed it.
Yeah.
Yeah.
The Yachty
NFT, what are you talking about,
Fatboy? Are you talking about Web3
Yacht Club?
Honestly, I'm joking. I know.
But at first, I was like, yeah, Web3
Yacht Club, sure.
But that was yours. The guy was
talking about it. He's like, the NFTs,
you just never know.
And suddenly there's a yacht attached to one of them.
I need to go double check my wallet.
Yeah,
you better double check it.
Liam was the only one that got it.
Yeah,
I definitely didn't get a yacht.
Okay. Anyway, if nobody, no one else has any speculation or thoughts about what the next step could be, then we'll just proceed.
With the ghost, here's what I know.
If we'll post something cryptic, we'll find out, let's see, It's April, May, June, July, August, September, October, November.
We'll find out in November.
No, no.
2028.
He was asking people.
Thetboy, you strike me as someone who has plenty of experience,
deep knowledge about trading cards.
Am I wrong?
No, I don't.
I never got into the Pokemon or trading cards.
I do with sports cards, but I don't know Pokemon.
That might work.
But if you want to know anything about sports cards,
I can tell you everything.
Well, Will wants to.
He asks specifically for people who have deep knowledge about trading cards.
Yeah, but he said Pokemon, and I don't buy Pokemon.
Yeah, I know a few guys.
I'll ping him a couple of guys that are good at it.
There's a guy called Golden Pond who actually does a space.
It's called the Collectible Space, and that's all they speak about.
Oh, nice.
Here's what's funny.
What they say about why people collect
Pokemon and not sports cards.
And not everybody's into sports,
so I get that. But what they say is
Charizard...
How do you say it? Charizard will never...
Charizard. Charizard will never
tear his ACL and lose 100% of his value
because he got injured. I get that part of it.
Big time.
Yeah, other than that, what's the
difference between a baseball player and a Pokemon?
Baseball players actually do something
provide entertainment.
That's true, but I think if you're just looking at audience levels,
like I think Joe hit it on the head, not everybody plays baseball.
That's right.
So you could be a huge football fan but never touch baseball.
You could be a huge baseball fan and never touch ice hockey.
But Pokemon has baseball players, football players,
ice hockey players, soccer players.
It covers a much, much bigger audience, and that's probably why.
And now most people have grown up with Pokemon.
And it's nostalgia that's kicking in.
So you've got a whole group of people who have earned and have got money,
and they're now going, oh, that was my childhood.
I have to get that back.
It was a similar thing with me.
I got my – when i was a kid it
was bmx bikes was the big thing and i still had my bmx bike from when i was a kid my parents had
it in an old shed and i took it out and got the whole thing refurbished back to brand new what
did you have now or what i know it was it was a british one It was a Raleigh Super Tough Burner.
Nice.
And had the mag wheels, the whole thing.
So I got it reconditioned from scratch.
And it's probably worth about four or five grand.
And I have it just sitting in my house now.
It's like an ornament, basically.
I had a bright yellow Kuhara magician with mags and um they my
my stepbrother got it stolen when I was when I went off to college um I wish I still had it
but that was just pure nostalgia for me getting that bike because it's still got the stamp it's
got a stamp on the bottom with a code that tells you what year it was made and mine was made in 83.
um so it yeah like i said it's nostalgia that drives a lot of this stuff and so these guys
all grew up with pokemon they've all got money and they're they're now buying it all that's
why it's got a market now and that's what sports cards too a. A lot of wealthy NFT traders have moved to sports cards for multiple reasons. And one of them is the nostalgia. then but now i can go buy every rookie card of every player i like um autographed and that's
that's what a lot of people are doing they're getting that nostalgia back so we'll see people
are going and getting the classic cards for the guys that they couldn't afford growing up and then
it just transitions into the new guys the fresh faces that are on TV. And there's so much variation in sports cards
because what I truly believe is that brands like Topps,
who fanatics bought, watched the NFT market
and saw how there was so much diversity
and how you could get variations of every single thing produced.
And people wanted that.
So that's what
they're doing now and they're raking in the raking in the money i mean there are there are guys that
are 19 years old that have never played a professional game who whose cards are as valued
as much as um the the biggest board apes ever.
And it's crazy.
And you'll find as well,
NFTs will follow the similar pattern.
When people get wealthy,
even in the Web2 world,
they move into buying art and cars
and all these luxury items.
And art is definitely part of it.
So if you think back to
um defi 21 when defi was absolutely roasting it on ethereum there's a reason why the board
yacht club and all that stuff blew up is because all these guys on ethereum were sitting with
millions and millions of dollars of ethereum and they were rich and they were just like okay what
are we going to do now well they've done what everybody else does they know they bought watches cars but
they still want to be part of the ecosystem that they were in and that's when NFTs popped up and
like I said rich people have always bought artwork some of them buy it and just store it they don't
even hang it up because it's a means of wealth that they could transfer very, very easily. Roll it up, put it in a tube, get on a plane, you're in a different
country and now you're selling it. It's the same method with NFTs. You buy it, it's in your wallet,
it's on your phone, it's wherever, and you're on a plane and you go somewhere else or you don't
even have to go on the plane and you could transfer it, sell it, do the same thing. So it's very much the same type of idea.
NFTs will always have their day,
but people have to make a lot of money.
I think this cycle, we haven't seen enough people make money.
I think we've had too much extraction.
And so I think that's why NFTs haven't blew up the way they did
back in like 21, 22.
But I still think it can happen.
Even like Alpha
said it.
Maybe it wasn't Alpha, so I'm not going to accuse him.
But somebody from the GIF community
said it.
If GIF goes to
$100 million
somehow, watch what happens
to the price of
dead pixels, because those
people are going to go buy up all the ghosts that
they've ever wanted instantly.
And buy
Fursa, probably.
but, Joe,
those four cards you mentioned,
that even the
younger players,
those cards are worth quite a bit.
Are those cards just collectibles or is there some level of gamification as well?
No, it's just like an NFT.
It's purely art and speculation.
The difference is with Pokemon,
the character doesn't have to perform well um people just have to want
more and the demand goes up with with the sports sports cards the player has to perform well
yeah but this hold on guys i had to come up and say it's the big difference i cannot stand it when
people compare pokemon to sports cards it's such a disservice to Pokemon because Pokemon has built an entire
economy around
the game. The cards are actually used
for the game and that's what drives
a lot of the singles market
as they come out is people need them
because they can only use certain cards based on
what the rotation is at the time.
So at least Pokemon has
actually built a very fun game
that tons of kids play.
I promise you if you go to, okay, there's a show in Atlanta this weekend, two-day show, 400 tables.
I promise you if there are 3,000 people that are trading Pokemon, Less than 300 have ever played the game.
Key words, though, is the baseline sales.
Yeah, the market is highly speculative right now,
and it is driven up by nostalgia and the collectability
and the physical art aspect as well.
But because of the gamification and the economy that they built,
that's how you get so many generations of people
who are
extremely interested in it based off the nostalgia because if they especially if they played the card
game as a kid what's the difference in growing up playing t-ball little league baseball high school
ball then you can't make it in college and now you want to keep attached to that so you buy your
favorite baseball players cards it's no's no difference in growing up physically playing a game
or playing a card game.
I think they're more attached than you want to say that they're not.
No, but they're not used to actually play a game.
I mean, that's totally different.
But nobody plays the game.
Compared to the market.
Tons of people play Pokemon. They do, but compared to the market as aons of people play Pokemon.
They do, but compared to the market as a whole, they don't.
I'm just trying to explain to you why the Pokemon market is what it is, though.
I watch, listen, I watch, I go in Target.
It's three blocks from my house,
so I'm in there all the time when they're unloading boxes.
And I promise you the 53 year old
men that are lined up down two aisles to clean out the boxes when they get there aren't playing
pokemon and aren't getting it for their kids to play pokemon and i've never played the game
yeah because it's pumped up right now and i mentioned that you got to listen to the
key words so the baseline economy is built on something real yeah i wouldn't dispute that i don't dispute that they've built out the economy my initial
thing was there's just a wider audience like like you said with trading cards not everybody
plays baseball they may play ice hockey but they so they only do ice hockey collections
but with pokemon it's a bigger bigger audience because it's uh you don't have to play sports so
it could be you could be a sports guy and you could be a nerd you could be whatever
just a bigger audience that's that's all there's there's only one athlete in the world right now
maybe two or three but right now that transcends like pokemon does and that's Shohei Otani and that's because
they're everybody in the world knows who Shohei Otani is never heard the guy I've never heard of
him and his cards are up like 22,000 percent in four years who I've never heard of that guy What sport does he even play? He's a baseball player from Japan
He pitches and
he's a hitter
so he's on pace to be better
than Babe Ruth if you've ever heard of him
Yeah I know Babe Ruth
but I've never heard of that guy
I mean I would have thought you would have said something like
Ronaldo or Messi
Yeah but the problem with those guys
is in the U.S.,
it's the younger kids that are in the football market,
and they don't have the money yet.
So my generation still is lagging on the global football icons.
Like, I know who they are but yeah the younger generation those guys will
be the ones that when they're gone and retired that all of those kids will be buying nostalgically
when they can afford it i think kabila might back me up on this but i mean i've lived in europe most
of my life i've lived in america honestly trading cards of sports people wasn't just a wasn't really
a thing in europe so that's maybe why it it's more American sports and trading cards are bigger.
Because I honestly didn't trade any cards.
You could buy football stickers and put them in an album when I was a kid,
but nobody does football trading cards in Europe.
I don't know, but maybe in certain countries in Europe they might do it,
but I've never seen them in the UK.
Yeah, it's been a tough one, but finally,
in the last couple few years, they're doing a bigger push.
So, yeah, and I have friends from Europe growing up too
that are like, you collect what?
Why?
Exactly what you're saying Hey guys
I see the prison market actually left
so I kind of feel bad about that
They're going to create a trading card
trading platform
No, no, no
they are doing a prediction market on there which is actually
an interesting topic but um we we kept talking about trading cards and baseball and pokemon
too long so um sorry about that and to avoid any further damage um let's get the mic to liam
because i've been promising to talk about
Impart since the start of the space and it's been a good hour since then. So Liam,
thank you for your patience and tell us all about Impart. Where's it going? What are you guys doing?
Sure thing, Nidate, it's a pleasure. Does anyone here actually care about what M-POTS do?
Just before I go up on a tangent, because I've got a lot to say.
Funny enough, one of the things, so you'll know that when the UBA, which gives me conniptions
to talk about, came on board with us, we literally created a novel system where you could create
digital trading card packs on Hedera and no one would be able to see
what was inside them even on chain we created a fully encrypted system it was all our own ip
and it was quite primitive at the time but we've actually been building that into a full-on
application where anyone can launch their own trading card pack and sets of packs as NFTs and you won't be able to see what's inside a pack
until it's been opened there'll be foreverment capabilities etc etc so that's something that
we've been kind of working on in the background because i can see a future where pokemon yugioh
magic the gathering are all on hedera as well so they'll have digital nft cards and they'll have
the physical cards they won't
necessarily be linked in any way i don't think that there is any use in linking physical items
to nfts to be honest i think there are too many complications with that based on my findings in
research at least unless we're talking about maybe rwa but that's not the kind of nft we're talking
about certainly not a collectible but yeah I can see a future where digital collectibles,
you know, with this kind of programmable functionality of,
well, I want to have a sense of mystery.
Because like when you open a booster pack of cards,
it's boring if you can see what's inside, right?
You want that sense of mystery when you open a pack.
So we've kind of created that system, which is cool.
Other than that, obviously, we've
been working on the launchpad for ages.
And I'm pleased to say that Testnet is finished.
We haven't put it public yet just because I tend to obsess over things like UX.
And I just want to have a final sit down with the development team before we make that public.
But we have shown our pass holders.
If you have a global pass, just head over to the pass holders chat on Discord, Joe's favorite app.
And we'll send you a link for the test net
and you can go and check it out.
But it functions excellently
and it uses test net HBAR
and it's got all of our own kind of novel
native smart contracts.
And our developers have created something pretty awesome.
That's the anti-rug crypto launchpad.
And now we're looking
for Series A funding for mainnet, which is going to be really fun. We're going to need about 500,000
US dollars for that with a kind of MVP sitting at about 250,000 US dollars. That's because
I'm not sure if any of you are aware on this chat, if Brandon was here, he'd probably,
he'd probably nod his head, but anything to do with token issuance slash exchanges slash that kind of defy is so unbelievably
expensive when it comes to things like licensing and legal i mean it's crazy the barrier to entry
is so so so high the fsca and those kinds of institutional bodies have cracked down on crypto lately.
If you want to issue tokens, for example, you have to pay upfront for three years in
a row, okay, to get the necessary licenses for token issuance and KYC, you have to pay
three years in advance, and you have to pay them 45,000 US dollars for those three years
in advance, then you have to pay a rate for every single user that joins and uses your
platform in terms of the founder side of things.
And that's just one expense.
Then there are obviously your licenses and that kind of thing.
So the space is evolving rapidly.
And in order to do things with compliance in a way that we can scale globally and have
the impact that we want to have, we're going to need a VC to give us some money.
So we're currently reaching out to a few VCs.
We just heard back from our first submission and there was a no from them because they didn't feel like the market climate would be in favor of the – their market assessment wasn't in favor of the platform.
And we're thinking to ourselves, like, so you're telling me, like, HTS rug-proof launches aren't in your market assessment.
in your market assessment cool story bro um so look i think it'll take a little bit of time maybe
Cool story, bro.
but i think if we submit to 200 to a thousand vcs we should be good to go pretty soon and then we
can release a roadmap for mainnet launch and get this thing flipping going but the testnet's amazing
you can literally use it and make your own token uh completely anti-rug with uh test hbar so it
functions on the Hedera network
and we'll release that public soon.
Other than that, we've been working on some additional tools.
There are three of them that I can talk about
and there's one that I can't talk about.
Obviously because we're a marketing agency
and in this world of AI marketing agencies
and marketing in general is changing rapidly.
We've kind of been shifting our focus
to release a variety of tools that allow people who work with us or that launch on the platform to have a much easier time with their lives.
So obviously founders don't have a lot of money to pay social media managers to sit on social media minions, as I called them earlier to Joe's disdain.
You know, they don't have a lot of money to pay people
like social media managers and that kind of thing.
So, and you know, like not everyone has the time
to go and learn how to create websites
and all of these kinds of things.
So we've already created two amazing tools
and the one is live, it's called Zippy.
You can AI generate a website with like one prompt box,
although it's not exactly a prompt.
You simply describe your business and you get a website generated for you in less than 15 minutes and emailed to you.
And it's 19 US dollars per month.
If you launch on a launchpad, we'll give it to you for free.
And then there's another tool we're creating called Vimeo.
And it's very close to being released. It is a tool that you log into it and you add all
your social media accounts and it AI generates you content for all of your social media and
automatically posts it for you as often as you'd like. And you don't have to be involved at all.
So you can switch on kind of you can toggle on and off whether you'd like to approve posts before
they're made or not. But it already checks itself for the quality of posts being generated and then automatically posts across all major social media
platforms for you and there's even a free version with a limited number of posts as well but the
main uh kind of starting subscriptions also around 19 a month and it'll be free for anyone who
launches on the launch pad so in other words what we're trying to do here is not we're not only
creating an environment for people to issue tokens but we're making it as easy as possible for founders to do
what they have to do and have the tools that they kind of need to succeed. So we can ensure that
when people launch tokens, that they're succeeding, because that's what we need to grow the ecosystem.
That's what we need to grow the Web3 space, the Web3 economy. Another exciting thing we're doing
is that in collaboration with Brandon
and Sourceswap, I wish he was here right now, it's not an official Sourceswap partnership,
but obviously Brandon, I'm talking about the HBAR bull, Brandon now, he does work with them.
So we haven't discussed it with the kind of main team, although we are integrated through the
launchpad, even on the testnet with sources one so we're using source
of source of swap liquidity pools right now until we have our own exchange at a later stage
but essentially you know sources swap as you well know is wanting to host a variety of tokenized
assets such as tokenized commodities tokenized gold oil silver all of that stuff tokenized stocks
etc and what we are aiming to achieve with the launchpad is not only a place where people
can launch your average crypto token and meme coin, but a place where corporate entities
can launch tokens that represent equity in their brands, that represent a token that
gives automatic dividends on chain and perhaps reflections on every single transaction on
on chain and perhaps reflections on every single transaction on the network, etc.
the network, et cetera.
Now, the legal landscape of that is crazy and we need to get right up to the SEC and
bodies like that for that kind of approval.
Although we've already built the systems that do this.
So it's really just a matter of can we get clearance to start issuing these tokens?
If we can do that, it will be one of the reasons that
crypto is mass adopted, because any brand will be able to seek investment opportunities from the
public and give them a real stake in their brand without having to have all of the ridiculous
protocols, going through all the ridiculous protocols that are in place if you want to IPO
as a company. It's very restrictive. So if we can allow early stage projects to launch equity-derived tokens, automatic dividend-sharing tokens on
chain on Hedera, that'll be amazing. So that's something that we've already built and we just
need to kind of get it done in terms of the legal side of things. That'll come after the main net
launchpad. And then we've got a secret project with the launchpad that we're also doing,
which involves corporate brands and does not require us to get any legal approval or anything
like that, but could be an absolute game changer. What I will say is it's like the next version of
discovery and vitality, but on Hedera and infinitely stacking far more than they could
ever do with their existing systems. And it would be 100% free for brands to use as well,
which is crazy.
So I'm really excited about that.
More on that probably at the end of the year.
And the final thing which I can tell you about
is that our developers are building a system
that will seamlessly allow people to use Web3.
It will start with Adara, but it can be used cross-chain as well.
They'll be able to use Web3 without having to understand Web3
or without having to understand crypto or addresses or wallets
or any of that kind of thing.
It'll essentially be a system that is as easy to use as Facebook
or any other application that you use,
and it will have all of the necessary security
that kind of keeps them safe
and that functions on the hashgraph.
They just won't have to understand any of it.
So hopefully that puts into perspective
why I've deleted X off of my phone
because we've been hard, hard, hard at work,
and we're trying to really build things
that are meaningful
and that are going to push
the whole Web3 space forward and the retail and Hedera specifically.
Yeah, Liam, I wasn't.
If I thought people would take it seriously that you didn't have X on your phone or think anything about that, then of course I wouldn't have said it.
But it's I don't think phone or think anything about that, then of course I wouldn't have said it.
But I don't think you have to worry about that.
Anyway, any questions for Liam?
I know it's a lot to take in.
Liam is not short with words, but if there are any questions, just feel free to shoot.
I can hear the crickets chirping. A little bit, but that's okay.
I'm going to give people a chance to actually chip in.
But yeah, how is this?
Because this is deviating from the initial view for the IMPART global platform.
So what about that?
Which initial platform are you talking about?
Are you talking about the streaming application?
Again, I don't know how many times
I've mentioned this publicly,
but to build that would cost anywhere upwards of five million US dollars.
And to build a meaningful kind of minimum viable product for that would be impossible.
You'd simply have to build the for example, let's say a replica of something like Tune FM or Jam, right?
Who's going to use that and what investor is going to put money into that?
So you see, the problem is that that concept, that whole concept of a massive multimedia app experience
where you own pieces of music, you own videos, you own directors, you own the artist,
you earn when they get streams, you earn when they get streams, you earn when they get plays,
you earn when they get sales,
you can't create a meaningful MVP of that
for less than hundreds of thousands of dollars.
And even if you created that MVP,
and I think maybe you could vibe code it now, I'm not sure,
but even if you created that MVP,
to get funding for that now would be really hard
and you'd have to get people actually using it so that you could show investors that you have a user base
and that they're interested in your concept. And if it doesn't function better than what's
available, i.e. Spotify, YouTube, Napster, you know, all of the applications that we know and
love, Netflix, etc. If it doesn't function as well as those applications, no one's going to be
interested in using it.
And I think that's one of the most enormous issues
with this whole blockchain streaming service industry
is that everyone already has their preferable apps
for all types of multimedia and social media experiences.
And to convince them to use something else is really hard.
And we're just not interested in starting with that.
And so that's why we pivoted into the
launch pad which is what we received funding from the hedera foundation to create and our contract
with them has concluded so i can confirm that we did receive funding from them unfortunately
they were going to give us additional marketing support however the foundation seems to have
stepped away from that side of things for now and we haven't
heard back from them in that regard which is very sad because i think that they really could have
helped us push this thing forward and take it to the next level but i do think that we're capable
of finding vc on our own it's right up our alley so it's just about doing some submissions and
getting the money and then it shouldn't be more than six months after that point until we release
a main net and really push hard and that'll include all of our marketing resources as well
that 500k usd so that we can explore and we've we have been building a lot of connections in the
interim um so that we can kind of explode onto the scene once we do get that funding
funding.
Yeah, I apologize for not
catching that before, but it makes sense.
And yeah,
hopefully there's more room to fund
these kinds of
these types of projects
in the future when
it's up season again.
Guys, I
do really need to close up the space.
I know, Jim, and you just rejoined as well.
Anything specific that you'd like to share with the audience,
or otherwise, can we continue next week?
We can continue next week.
That's totally fine.
I've got not too much new for you guys.
So, yeah.
It was really good to be here, though.
Liam, good to hear your voice.
It has been a while.
Yeah, great space.
Loved it.
And I'll be here next week for sure.
Thank you, guys.
Awesome.
Thanks, man. Yeah, then we'll close up the space. It was Thank you guys. Awesome. Thanks, man.
Yeah, then we'll close up the space.
It was a great one.
Good to see you.
We filled 90 minutes again.
And the first hour just flew by.
So thanks for, yeah, for taking part in the conversation, for listening in.
Yeah, this was great.
And we'll continue next week.
Let's see whatever happens in the next seven days.
See you guys then if anybody has some closing thoughts or Ekwa before you start the outro if you
have any anything to close with feel free to do so and yeah see you guys a
week from now
yeah not much from me, dude.
Yeah, let me make sure I'm on white screen before I play the outro.
Yeah, it was a great space.
Thank you to everyone who showed up.
And yeah, see you all next week.
