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In The Lab: Weekly Avalanche Community Forum
Recorded: Jan. 18, 2024 Duration: 1:00:12Space Recording
Full Transcription
Welcome to In The Lab. Happy Thursday. Getting things started up again. Back on our weekly
grind for our weekly touch base for the community. So I see some people hopping in so far. Thanks
for jumping in. Been a fun week. As always, we're going to just give it a few minutes
so we can take some time for people to trickle in and also get some speakers up here so we
can run you guys through updates and talk about some of the different things happening
across the different verticals on Avalanche. And then as always, we'll be jumping into
Q&A and just open discussion afterwards. So hang tight. Thanks for coming in right on
time. We'll get some speakers up here and then we'll get our conversation started. See
some new faces already. So excited to have you in. Here we go. Let's get some of these
people up here. All right. Hope everyone's having a good Thursday so far wherever you're
listening in from. Morning for some of you and nighttime for some others. So yeah, excited
to have everybody come through. For those of you who are just joining for the first time,
in the lab is a weekly kind of open discussion forum that we have where we bring on a few
various members from the Avalabs team to provide updates and kind of exciting news that's happening
in gaming, DeFi, NFTs and art and culture, developer updates, even talking about institutions and enterprise
adoption that's happening on Avalanche. So we're going to have a few speakers that come through
from various verticals and represent those kinds of different initiatives. But first,
I think we have huddles on there. How are you, man? I'm good. I'm trying out today on the laptop
instead of the phone because I've had such awful luck with spaces this week, just losing the ability
to hear people and phone freezing up. So let's see if this works better. It's crazy that like that's
happening on your phone and the desktop would work better. You'd think it'd be the other way around.
Yeah. Well, we'll see if I go silent and just disappear. Well, you'll know.
Yeah. If you start talking over other people because you can't hear it, we'll know.
Yeah, that too.
Well, thanks for coming through. I know, I think Matt and some other people are going to join,
so it'll be, it'll be a minute or two before we really kick things off. But yeah, thanks everybody
for coming in, see some familiar faces and some other people that have kind of just
hopped into Avalanche ecosystem for the first time. So welcome and we appreciate being here and
hopefully having a good time so far. While we hang for a sec, I think we should just kind of jump in
because, Huddle, I know you got a lot of stuff going on that's under your purview and always got
some fun stories to share. And I know you're doing a lot of spaces and different things happening this
week. So we'd love to kind of just hear what's, what's really happening in the arts culture space.
Yeah, sure. Well, first off, quick plug, we're doing Paris Creator House for NFT Paris, which we just
posted this morning. If you want to post that up there, I don't know if I can do
pin tweets on desktop or not. But on February 23rd in Paris, obviously, we'll have the Avalanche
Creator House there open from 11 to 7. So if you're there, you know, please register so that you can
pop in and connect with builders. It's not just going to be NFT focused. We have people in
institutional enterprise, DeFi there as well. It's just a generalized Avalanche Creator House hang.
And, you know, you were the one in Istanbul, I think. So you can probably describe what the
experience is a little bit better than I can right now. But I think it'll be, I think it'll be super fun.
Yeah, I mean, for those of you that have been to Avalanche events or seen photos and recap,
it is you know that our events team is second to none. And we always create really awesome but
unique experiences that both kind of shine a light on builders and what's happening in the ecosystem,
but also like create really cool experiences that tap into local cultures. And, you know,
whether it was like at Avalanche House Istanbul, we had like this like lamp making workshop where you can
make these really cool like traditional lamps. I think in different events, we've had like musical
performances and dance performances and stuff. So we always try to make it not just like, you know,
this dry tech focused event, but also something where you meet people and have a good time. So
if you're going to be out in NFT Paris, definitely, I think it actually shared twice up there,
head to that post. Spots are limited. So request to join. And then if you're accepted,
you'll get like a confirmation there. So yeah, good, good thing to bring up.
Yeah, it's gonna be super fun. And then I guess other thing on people's minds are mints. It's a
very exciting time right now, lots of lots of heat and energy in the NFT ecosystem. Another big time
mint coming up is Dokebi is coming up on January 22. That's Monday. And we're talking with them in a
space is tomorrow at 10am Eastern to find out a little bit more about the project, maybe get some more
alpha about that mint process. So, you know, a lot of excitement there if you're around and you want
to check out a spaces that hopefully doesn't cut out and make audio bad. That'll be tomorrow,
10am Eastern on this account, the NFT arts and culture account.
Nice. I dropped the info there for the Dokebi spaces. So if anyone wants to check it out.
Yeah, there's a lot of really cool mints coming up, amazing artwork that's coming out,
new people joining the community. So I think it's a really, really fun time kind of in the
art and culture space. Anything else on your end that's kind of exciting?
You know, I can go down the list. But you know, we got the other speakers popping in. I know people
want to hear about enterprise, DeFi, institutions, whatnot. So I'll hand over the mic for now.
Well, we'll come back to you, I'm sure, because I see a lot of familiar faces in here that might
want to know about some other stuff happening in the NFT space. I know there's also some some
platforms like inspect and stuff that we can get into. But yeah, let's welcome the others in. Matt,
how you doing? Good. How are you? Sorry, I'm a little late. No, you're good. We just kind of
started hanging out and chatting. So Matt, why don't you give us a little bit of rundown what's
happening in your world and kind of the finance space? Yeah, so I guess for this week, C3,
which is a new perpetuals Dex launched. Also, we announced our hacker house for Eat Denver,
but I see Uzman joined. So I'm not going to steal his appeal for that one. Also, I thought it was
interesting in terms of kind of what Larry Fink, as well as Jamie Dimon have just been saying about
tokenization the past few days about how that has kind of real efficiency and value for what's to come
the next few years. And as our audience knows that we're kind of a leader within that space. And so I
think it's super exciting just hearing like words of confirmation about how important that is.
Yeah, I actually dropped the information here for the for the Eat Denver hack house that we're doing.
So Uzman, we'll get to that in a second. But Matt, if you have anything else that you wanted to
pop up here to the top board to share some of that info, I think it's really interesting,
like you bring up a good point where there's all this like renewed attention and excitement around
what institutions can do on chain. And, you know, obviously, it's kind of spurred off the back of
the spot ETF approval. But man, even just like Franklin Templeton yesterday, letting their research
team take over their Twitter account and just go ham. And I think Jason Yanowitz from Lockwords put
out a good tweet and he's like, we all thought that crypto would have to adapt to TravFi, but it's
looking like TravFi is now going to be adapting to crypto. So it's really cool just to see that
narrative change and that shift. And, you know, Avalanche has been kind of a pioneer in this space
the whole time, right? Like, even going back all the way to last year, when we dropped the first kind of
like evergreen institutional tooling for building a subnet, you know, we have Intane, which is a
structured product protocol that's been on since last February. And then of course, in the last
couple of months, JP Morgan, Apollo, Citi building these like really cool proof of concepts, and then
Republic dropping the Republic note, you know, the profit sharing digital asset. So this stuff has been
happening. And we're going to continue to talk about it and educate the audience around tokenization and
all that stuff. But yeah, it's good to see the kind of the broader markets waking up to these efforts.
Exactly. And one other shout out before I hinder over to Uzman. Yodiak released savings accounts,
essentially leveraging Delta Prime for a variety of single asset pools, and those yields are
relatively high. And so I pinned that at the top of this Twitter space. Those got released, I think,
six days ago. So please check those out. Yeah, yeah, I was reading a lot about that earlier today,
too. So some exciting developments. And I know there's a couple other big protocols that are
launching here in the next week or two that are going to showcase kind of more of the power of
Avalanche. So we'll be sharing that stuff as it comes up. So Matt, appreciate it. Yep. Thank you.
Uh, Uzman, what's going on, man? How's how are things in the DevRel world?
Hey, what's up, guys? Things are going good, man. We're moving along. It's gonna be a pretty
busy Q1 for for the team. So yeah, like like Matt, you were mentioning earlier, we were we just
announced the hack, hack house for Denver. So should be a really interesting event. We're going to be
there for three days, it's going to be a couple different workshops out there. We're going to be
having a pitch competition, too. So it's not going to be like a traditional hackathon. But
it'll be cool where different people who were partnering up with, they'll be putting out small
bounties, and then there'll be a small like pitch competition based on those bounties at the end.
So it should be should be pretty, pretty fun. And then we then we just kicked off the opening
ceremony for the social fly hackathon today. We have like about 180 people registered. So looks
it looks pretty good. So far, we're gonna be kicking off programming for that next week.
Tons of workshops and office hours in the whole line yard. So nice to see that people are actually
interested in the social fly hackathon and just social fly in general. So really nice turnout there.
I also just wanted to highlight something pretty cool. I don't know if anyone was on the developer
community call yesterday. But there were some really interesting things that were discussed by
you know, our three headed three headed giant engineering team. So just just two things I want
to touch on. One was Firewood, which is our new database that we built.
It's on par with Merkle DB now, which is the other database that we built. So Firewood was,
again, very theoretical was very like in the weeds. And now they're saying it's on par in terms of
performance and optimizations with Merkle DB, which is a pretty big deal, which means that it's
almost production ready. So that's, that's a pretty big deal. I'm really looking forward to people
having Firewood in their hands and being able to use it in different things within the network.
And then there was this talk about SNOMED consensus where obviously everyone knows right now on Avalanche,
you can submit a transaction and that transaction ideally should be finalized on the EVM within one
to two seconds, right? It's something we're really proud of. It's something that we always talk about.
Uh, but what was really interesting was that they were discussing that they're looking at adjusting
the Byzantine tolerance, like a couple of different things within, within the consensus mechanism to
potentially reduce the latency, um, as much as seven times. So imagine that like it's already one to two
seconds to finalize a transaction, but they want to make it milliseconds. Um, so that's pretty cracked.
I mean, like that's pretty awesome to hear. So I, I, there's some really cool stuff happening on
the engineering side too. Um, overall. So yeah, excited about that. Yeah. Yeah. Thanks. Thanks.
It was, it was a, um, really awesome call yesterday. And even as they were going through this stuff,
I was like, wow, they're, they're actually really far along in some of these things. So if you actually
want to watch back through it and you want to, you know, get some gigabrain info from the engineering
team, there's some posts up here at the top where you can watch that call yesterday. You know,
they get into the weeds on some things, but there's some really interesting optimizations
that are happening. And, um, and that call happens every two weeks on Wednesdays. So kind
of right before this and the next one will be really interesting because they're going to dive deep
on, uh, the upcoming launch of teleporter. So we're going to have a lot of really cool information to
share in the next couple of weeks there. So appreciate you bringing that up. Uh, we got our last speaker
up here, Coop. How are you doing, man? I'm doing great. What's, uh, what's happening in your world?
I I'm sure a lot of things, but we'd love to hear kind of what you're excited about.
Yes. So many things. I think, um, there's a lot of just behind the scenes work right now.
Like we didn't announce anything new this week necessarily, but we did put out our invite for
our GDC party, which is called web three gaming sucks and, uh, have a ton of great registrants
already. I'm really looking forward to that party. So if you're going to be at GDC, the game developer
conference in San Francisco in March, please look for that. It's on the gaming account.
And really a lot of our work right now is for GDC. And I sometimes forget from last year, how much
work that is, but we have a giant booth. Uh, it's like a key event for us this year. And, um,
it's going to be very cool. I hope that I get some of this swag done because I think I have some pretty
fun ideas for what you can get there. If you show up to the booth. Um, and then one other interesting
thing that I caught this week, but just in a conversation with one of our top games, I won't
just say which, but, um, they are stress testing their subnet and, um, and it's, it's going great,
but you know, it's still EVM and EVM has its limitations in terms of speed and throughput.
And so they're exploring other VMs right now. And that's always been something that Avalanche cares
about, right? Like being able to create your own subnet with whatever custom virtual machine
you might use, but in gaming so far, it's really been just EVM and like, nobody's necessarily
done anything else. And so to see them starting to explore that is pretty cool and exciting.
And I feel like really sets Avalanche up because that's kind of our whole vision. Right. So I like
to observe that. Yeah. It's, it's really cool to kind of just, uh, not only hear about like,
Oh, the games are launching this trailer or this gameplay, but just to see how they're actually,
uh, playing around with the, the customizability of the tech, right. Just to, to actually create
something that makes sense for them. There's a lot being done. I know with these games who are trying
to, you know, create gasless transactions and things that are really going to help bring in more
gamers. And I think there's just the tech stack is only really possible here. So exciting to see a lot
of that come to life. Yeah. And then, um, the other thing that I'm excited about is again,
something not everyone gets to see, but we have a ton of games, you know, they've been committed
for a while. A lot of them are just in development phases, but I'm getting requests more and more for
them to get marketing support. And that's not something that Avalanche is going to necessarily do
for them, but we're making a bunch of recommendations and finding, uh, the marketing agencies, the
marketing consultants that can help these teams. And it's an exciting phase to be heading into where
I see all of these games, signing, uh, partnerships to help them in that area. And, you know, that just
builds the network effects for Avalanche, right? Like the, the better these games market themselves.
And, you know, a portion of that is going to be talking about Avalanche. And so I think over the
next six months to a year, we have a lot more, uh, of the games doing marketing that will be
beneficial to the whole ecosystem. Yeah. Yeah, absolutely. I mean, the, the marriage circle
spaces the other day, right? Where you had Trapnel and Domi on there and just like how they're helping
each other out. I think that's going to really grow the space. Um, cool. Thanks for the update,
Coop. Um, let's, let's, uh, let's shift gears here a little bit and we'll jump into kind of
uh, the meat of in the lab, which is a community Q and A and just discussion. So, uh, request up to
be a speaker and I'll call, call people up one by one. Uh, remember we'll, we're always keeping this
kind of focused on what's being built on Avalanche kind of what's being launched questions you might
have about the tech or other things we might be able to help with. Of course, we don't talk about
price or, uh, any of that, uh, market stuff. So yeah, excited to kind of hear what questions you
might have. So buckalex.eth, you're up first. How's it going?
Might still be on mute. Alex, you there?
All right. We're going to add up another speaker and then, uh, we'll come back to you.
Um, oh, go ahead. Sick. Yes.
Would not be an amazing space without, uh, the, the morning crow of a cock. So thanks, Alex.
Stay up here. We might call you back just to get a little bit more, more, uh, music through coming,
uh, as we go to the speaker. So hang on for a second, but appreciate you coming up.
Owen. All right. We got almost Owen up here. Amazing music artists just dropped on, just dropped
a project on Avalanche. Owen, how are you doing?
So far so good, man. Uh, just enjoying my morning over here. That cock was nice to hear.
Um, it back in middle school, my neighbors had, uh, they had a couple of chickens, uh, that would,
you know, do that thing very early in the morning around, you know, 5 36 AM. So it's a
sound I'm quite used to. I hope we're all used to it too. So yes, I love it too. How are you doing?
Yeah, things are good. Um, well, so yeah, I launched my first NFT on Avalanche, which is exciting news
for me, obviously. Um, I, I hope this is the right forum. I know you said we don't talk about price,
but since this is art, uh, perhaps I'm on, you know, some fair ground here. Um, I don't know who in
this space is sort of like acquainted with my story. I've been bouncing around this ecosystem
since I was, uh, well, really since 2021, when I onboarded from Coinbase through X chain. Um,
but you know, more deeply, uh, since I was onboarded to the office on its program last
May, was it, uh, you can correct me if I'm wrong there.
Yeah. I think it started around that time and then went into the summer. Yeah.
Yeah. That's right. Yeah. Uh, and I remember, you know, I was getting here and trying to figure
out how, how the hell do I do this music thing on chain, um, on Avalanche where there isn't
yet, uh, a lot of infrastructure built to support it. So I've been sort of like taking my time and
plotting, figuring out, you know, what is the right way to approach this? How can I sort of make,
make this a category that people can understand and rock with? Um, what, which,
you know, it's been, been sort of a lot of trial and error. Uh, I, I missed the Avalanche deadline
to deploy because it wasn't for lack of material or, or, you know, stuff I wanted to do. I just
wanted to, you know, be thoughtful about how I approach launching products. I take very seriously,
um, you know, asking people money, asking for people's money for my work. Um, so I wanted to make
sure that I had my intention, right. And that I had an execution that I felt like I could really
follow through on. So I feel like that moment has finally sort of arrived in a form. It sort of
dovetails with what the, uh, Avalanche arts and culture, uh, the foundation sort of initiatives
around supporting culture, sort of reframing and understanding of value around, um, things like
provenance, things like, um, legacy or history. Um, you know, like, you know, we live in a world where,
you know, the, the real currency on the internet is attention, not necessarily the content itself.
I mean, this is the revenue model of social media companies. It's the revenue model of YouTube,
like videos on YouTube. Uh, part of my French, they, they accrue value in a shit coin to that
shit coin is just called views. It's not called, you know, it's not a token. It's, um, you know,
it's views, which, uh, there is a market for, uh, you know, it's, it's actually a bidding market that
operates kind of like an AMM, um, where, you know, the demographics that your content is being served
to are getting bid for by various advertisers. Um, so there's a value to those views, um,
denominated and, you know, however valuable your audience is. Right. So I've really been trying to
sort of think through what all this stuff means, you know, what, what does it mean to sell content
in an era where content has been like fundamentally devalued, um, and attention is the real value
accrual mechanism. Um, and it's also, you know, I mean, there's all, all other sorts of signals
associated with it. So I've been trying to like really at a high level boil down how, how I sort
of think about these things, how I want to approach, um, you know, ultimately monetizing around them,
um, for myself, but also more broadly for, for music in this space.
Because, you know, one of the things that has like been really apparent to me that music lacks
a meta in DeFi, uh, you have a meta for 10 K PFP collections. You have, you have other types of
metas that exist in the mind and in the imaginations of people, um, in this space, and they know how to
assign value to them. But in most of those cases, the value isn't intrinsic, uh, or not explicitly
intrinsic. It, it doesn't necessarily have to do with the metadata. It doesn't necessarily have to
do with the tech or the utility. It has to do with the values, principles, ideas that people are
bringing to that product. Uh, like in the case of a 10 K PFP collection, like how does that derive its
value? Is it the code? Uh, is it what it, what it can do on chain? Maybe in some cases, but most,
for the most part, it's about, you know, the value that's being applied. Um, it is sort of like
the suspension of disbelief that is required to enjoy art, to enjoy content, to sort of put yourself
in a world, um, where, you know, these things that I remember for myself coming into this space,
like initially and being very confused at, you know, what, what has value, what doesn't,
but it's the principle of any sort of value or money or commodity is that enough people agree
to the value of the thing and it becomes real just as a result of enough people, you know, buying in,
um, not trading it necessarily, but sort of seeing it as trade. Um, so yeah, the, the way I'm sort of
initially approaching this because I don't want to, as, uh, Dom might say, shoot my wad too early.
Um, I, I, I want, I, I launched my first collection a couple of days ago. Um, actually yesterday,
sorry, it's called one of weirds and, uh, it's, it's extremely, it's going to be an extremely
exclusive collection of one of one pieces. Uh, not so much about necessarily the content itself,
but about capturing a moment in history. Um, you know, a moment when lightning was bottled. Um,
and, uh, you know, it meant something, not just to me, it wasn't just like my own, uh, you know,
this was something that felt easy and great to write. And I came out and was like, this is a banger
though. That's, you know, important to me. Um, but that's not the thing that makes it important
to other people in this ecosystem. Um, so the, the criteria I'm sort of using the framework to this
collection is that it, one, obviously has to be a banger to, um, it has to mean something to the
ecosystem more broadly. Um, and so I am seeing this as a product, which is a, you know, sort of a
tokenized representation of legacy or mythology or, you know, provenance. Um, this idea that you can
own a moment in time or a moment in history, um, like what would it mean to own the shot bird
around the world? You know, the one that start kicked off the American revolution. These are only
sort of ideas that exist once like they're sparked in the imagination of the people who are exchanging
value. And so, um, you know, I've been in search of a meta. I don't think music broadly has found one.
Um, but you know, in the, when the meta doesn't exist, you have to be the one who creates it.
So that's kind of what I'm trying to do. I want to give you props, uh, Owen, because of, um,
just how seriously you've been approaching this stuff. I can, you know, I can tell you from being
in my DMs and bouncing idea after idea after idea off of me when, you know, you could have as an
Avisan student just kind of dropped whatever and completed your Avisan's residency and moved on
with your life. But I really like how you're, you're thinking about how to make music in NFTs
a thing. And if we can crack that on Avalanche, Avalanche becomes the destination for musicians
to come in and, and, and drop their music. Um, but in the meantime, this, uh, the project that
you're, they're working on is, is super fun. Basically, uh, taking those memes, those meme moments
and putting it out there. So, uh, I just wanted to give you your props for thinking about the
ecosystem as a whole and not just your individual project. Well, I think, you know, in the absence
of a market already existing for a thing like music, um, it's my job to meet people where they
are, you know, make, make the thing that I'm doing understandable and intelligible to the people who
are already active in this market. I can go to social media and I can cry about music not being
properly valued, but social media doesn't care about your feelings. And like, frankly, that's
not, that's not how anything, you know, becomes cool or Lindy or, you know, uh, a meta. Um, it,
it becomes, I mean, I don't, I, I can't say, you know, I'm not so arrogant as to say, I know how this
stuff happens, but, um, I have a lot of conviction that, you know, maybe the way to getting music more
broadly as a thing, you know, I, I have my own sort of plans here with, you know, artists I'm
developing and working with and, you know, wanting to ultimately bring them into the space.
But first it has to, uh, you know, I'm trying to meet you guys where you're at, make things that I
think will represent moments of sort of meaning and importance to, you know, not just to myself,
not just to people who are fans of me or my music or even music specifically, but
the things that they do care about, which, you know, this, in this case, it's like,
I think there's a lot to like. Um, so yeah, I mean, it's, it's been a lot of trial and error,
but I'm, I'm pretty excited to have gotten here.
It's awesome. It's awesome. And I think there's, there's so much cool stuff to unpack there in
terms of, uh, how you're using music to create a moment in time. And then, and then how do you
create value from that? Um, I did call up two other folks who requested up, uh, and they might
have something to add here. I know Jay, it looks like you have your hand up if you wanted. And
Lizard, you can go up next. Hello everybody. Good morning. Good evening. I haven't been on one of
these. Um, I just wanted to talk about the music NFTs and a little bit about the culture and everything.
So back in August, um, we released a collection with different artists in the space that were not
familiar with Avalanche at all. They were actually new to the space, mostly like web two artists.
Um, and they had released like some collections on ETH, but this was years ago. So I had a group,
I think it was like 14 artists and we did it on campfire and we did auctions. We tied it with,
um, a charity related to arts and like underserved children and, and Las Vegas and all of that.
And what the artists did, the ones that had the most success with the music NFTs is they'd leverage
like their web two communities that were already established. So for example, like Clay Jean,
he's a trap violinist and he does like hip hop with violin music. And he, how he succeeded a lot in that
sale was that he did like a pre-sale amount for his standard community that he has like on Instagram
and on Tik TOK. And that really generated a lot of sales. So it's difficult right now for web three,
um, with music NFTs, you know, it's not the easiest concept, but the way that I've seen artists
success the most is in collaboration with other artists. That's why I added you, um, almost Owen,
I added you to that music chat and basically like with Sammy Arriaga, he came out to AVAX PDX and he's
had a lot of success on ETH and with Violetta and it's a grind. Like you have to be in spaces
consistently all the time. Um, but it's, it's really cool to see, you know, the evolution of music
NFTs. And it's really about putting the power back into the hands of the creators and all the artists
that released the collection on campfire, um, in August, they're really happy. Cause at that time,
uh, AVAX was like at nine bucks and they were like, Oh, what is this? And now, you know, it's,
it's growing. So they're really, they're really happy and it's going to continue to grow. So
they're just my opinion professionally, you know, working with artists, getting them to perform at
IRL events and online. It's, it's a daily grind, man. Like we are trying to change a system that has
been this way for so long and it's taken a lot of, you know, energy and power away from the creators.
So it's not going to be overnight, but just keep going and, um, really utilize the other platforms,
like educate your communities. If you have it on YouTube, if you have communities on Instagram and
TikTok, like educate them about the blockchain and break it down for them in a fundamental way that
it's easy to digest. Cause it's a lot easier than, you know, than it seems initially. So.
So I just want to push back a little bit, uh, you know, against a couple of things you said, I,
my sort of perspective on this broadly is that, you know, in the absence of a meta, um, it is, uh,
as how you would say, like a choose your own adventure type beat. Um, like when I look at
the artists, you know, the, the artists who've had success in this milieu, in this space, um,
you know, spotty wifi, Violetta, obviously know her, um, Daniel Allen, like there are artists who
broke in web three, but none of their stories look remotely similar and none of their products
look remotely similar. Again, it's how they're framing the, you know, the launch of these products
and the people who are buying them being able to ascribe their own meaning to what that relationship
is. Because, you know, I, before COVID, I was doing 200 plus shows a year. That was sort of my main bag.
Um, until like, you know, COVID came and that went to zero because like live music was essentially
banned, um, in Boston where I lived. Um, so that, that sort of convinced me, you know, that this,
there was a brittleness to, to any sort of form or presentation of work of artistic work in that,
you know, at the end of the day, you need, you need a buyer for your art. You need somebody who
is going to, um, you know, pay you for it. And it actually doesn't feel like that much of a leap
to be producing, you know, uh, something that represents zeitgeist because what, what is,
what does a client pay for when they hire me to play at their party? You know, are they, I mean,
yeah, there's music, but it's, it's all of these other things as well. It's, it's, you know, they
get to have this cool band. It's the signal it sends. There's, there's all sorts of intangible
value and the price that we agree, the rate that we agree to is kind of, uh, I don't know. It's,
um, I don't know if it's a function of business standards, a function of the relationship I have with
that client, you know, there's all sorts of things that go into price discovery for things that have
intangible value like art. Um, so I don't, I mean, I would like to solve a problem for music broadly
in this space, but really I, I'm trying to sort of construct my own, uh, my own world that invites
people into it and, you know, interacts with other people's, I guess. Yeah. And that's what I'm
saying. Like the way that I've seen artists in the last two, three years grow the most as music
artists is by going out and performing at these different IRL events like NFT NYC, um, Miami NFT
week, Basel and all of that. So that really helps you grow in web three and just collaborating with
the other artists. But ultimately, I mean, the meta is you, the meta is your creativity. Like
what you, the ticker is the table. Yeah. I just, another question, um, not related to music entities,
but related to culture. I don't know if I could ask that now. Yeah. Let's, um, let's hang for a
second. Cause I know lizard, uh, popped up here as well. And it sounded like you wanted to, uh,
share something in relation to what Owen was talking about. And I want to make sure we, uh,
tap off his, his amazing insight, uh, as well before we move on. So lizard, you're up.
Thank you guys. Thank you for getting me up on stage. Uh, I'm here actually also to talk about
culture, but I would pass it back to Jay because I'm also interested about what she has to say. And
then I will, I will keep my thoughts for her to talk after her. Yeah. Awesome. Thanks. I appreciate
that. Oh, and I just wanted to kind of wrap up, um, anything else you want to share? I think what
you're, what you're talking about is, is really important. And I think, um, with something so
nascent as music NFTs and, uh, like you said, there isn't a playbook for, for how these things
are done successfully. You know, there's, there's a lot of, um, different ways to figure out what the
value of this art is. And I think it's really cool to see that you're experimenting with different
ways, but also having these conversations with people across the ecosystem and celebrating just
what's happening on avalanche and kind of being, uh, an avalanche community member first and
foremost, and then kind of seeing how you're able to capture that in, in the music and in
the art that you released. So just wanted to, um, give you a chance for any, any final words
on that before we, we, uh, go to the next questions. Uh, yeah, no, I appreciate that. Um, yeah,
I mean, like I said, it's, uh, it's a process of discovery for me too. Um, I've, I've been sort
of, I've been in this ecosystem for a long time. I've gotten to know a lot of people. Um,
I've been doing my ground game as they say, um, and, uh, taking my licks with the rest of it. I
mean, I was like, you know, I remember I was in time wonderland and a lot of these things. So
I have a lot of shared history here and, um, I, you know, in, in addition to sort of more broadly
what I'm talking about, I think the meta, um, there is inviting people from web to end, and
that's, that is a strategy and a way to approach this. But I, what I'm trying to do is create
something that is sort of defy or crypto native in terms of a meta that, um, you know, in some
cases, like for the cock song that I think it could have broad appeal. I'm when I post
that stuff on Tik TOK, I'll be ready to go with it. Um, but it's kind of like a, a inside
joke, um, that, that like me and this community is in on and we get, and like other people can
be let into that joke, but, um, you know, it's like, uh, you had, you had to be there to
get it or something like that. Um, you had to be there, you know, and that is, I don't
know, there's something kind of special about that, at least to me. Um, whether it's shared
trauma or, you know, like shared victories and celebrations, these are, these are moments
that can be captured. Um, and if I can sort of play a role in, in shaping those moments
and pushing them in a direction that I think is good, you know, that's, that's a huge one
for me. I guess I would be remiss if, can I post the link? Is that okay? Yeah. Yeah.
If you can drop it up there. Yeah. So the auction, I'll just say you can turn on you,
if you feel so inclined, turn on notifications for me, the auction ends, uh, Sunday at 4 20
PM Eastern standard time. Uh, so, you know, get your bids on if, uh, if you feel so inclined.
Nice. Thanks for coming up, man. And, uh, and good luck with everything. And I think there's
some, some really cool things that are coming up in the future around this topic.
So, uh, we'll all be keeping an eye out. So thanks Owen and appreciate the support as always.
Um, Jay, I wanted to kick it back to you for, for one last question. And then we got some more
requests up here that I'm bringing up one by one. So, um, if you got a question up here,
we'd love to, um, to talk through it and then we can bring a few more people up.
Yes. Um, before I get to the question, I just want to say as an observer, I was born into this
little ecosystem or initiated rather, um, for ETH. And then I just, I have loved
seeing like the progress, um, made on Avalanche and how the community is growing. It's a lot more
welcoming now, a lot like more supportive of different artists coming in. So I just wanted
to give kudos to everybody for all the help. It does take a village and collectively the,
um, you know, the blockchain is doing great. It's amazing. Y'all leveled up like really,
really hard. It's really nice to, to witness and be part of. Um, so on that note, I did want to ask
about that initial statement from the Avalanche Foundation and the Culture Catalyst program,
um, where a few weeks ago it was announced that they would be, or you all would be supporting
some of the meme coins. And since this is new, you know, I'm a very like literal, lineal
person. So I like to, or linear rather the way my brain works. And I'm like, okay, what's the protocol
for that? Like, what's the next step? And I don't know if y'all can answer that or how would it work?
I absolutely can't answer that. Uh, been having some final discussions today. Uh, there's going to be
an update pushed out through our blog and socials. Uh, I would say could be tomorrow, but, uh, most
likely top of next week, we're going to be pushing out a very detailed, uh, explanation of the criteria
and, and, uh, the requirements for community coins, which we're, uh, kind of calling them.
Cause I think it's actually a better term for meme coins. I think, uh, there will be meme coins,
but I think community coins really represent, um, why these things are so important and why
they're actually an important part of culture. Right. And you're seeing even things like Franklin
Templeton talk about this, right? So there's going to be a criteria laid out for, you know,
everything from number of holders to, uh, market cap to liquidity and things like that, that, um,
will, will be clearly laid out in terms of what the foundation is considering, uh, in terms of,
um, supporting these community coins, uh, from there, there will be announcements laid out in terms
of, um, kind of the efforts that are being made and, and, and what community coins they might be
investing in. Um, obviously, uh, and I think I mentioned this last time, no, that's going to come
out ahead of time because that would be bad. So we're, uh, we're going to be pushing out messaging,
uh, very, very clear layout of what the criteria is. And, um, and this will really give everybody
a clear understanding of kind of like who, which community coins fall into that bucket,
um, and which ones can, can, can launch and strive to be, um, falling in with those requirements.
So that, uh, for those that haven't launched yet, they know kind of the standards and the levels
that they'd have to be at to be considered. Now, everything that falls into that criteria is not
necessarily going to be something that the foundation invests in. Um, but it'll be clear
as to, um, who, which, which, uh, community coins qualify for that. So that's the next step. It's
definitely a great question. And we're going to do our best to, uh, transparently share things when
we can. Um, but of course, a lot of this stuff happens on chain as well. So, um, yeah, stay tuned
for that and keep an eye out for, for that blog. That's going to be coming out on a foundation
website and social accounts probably top of next week. Awesome. Thank you. I'll step down now. Have
a great day. Appreciate it, Jay. Thanks for coming through. Um, lizard. I know you've been up here.
I'm going to call a couple other people up, uh, to hop on as well, but, um, yeah, I know you've been
up here if you had a question. Yeah. GM, GM, uh, again, thanks for having me up here. Uh,
Avalanche foundation, Avalanche culture funds, um, quick introduction about, uh, our project.
We launched, uh, lizard, a safe for work fun with filled with a bunch of matter, uh, meme coin,
but I'm not here to chill the project itself. Um, I, I want to give kudos to, you can, you can see a
bunch of lizards popping up in this chat. So we like to rate, uh, a lot of people that are, that are part
of this project are part of crypto for many years. Me personally, I started in 2016.
So this is my third cycle. Uh, the big homie is Adi down there. You see, he's all a vexed up with the
red on red on red. Um, so he actually did a lot of onboarding and he's doing that, uh, still today.
You, what you guys were talking about Tik TOK, uh, check out his Adi. He has almost a million
followers on Tik TOK. He has the crazy graffiti mansion in Las Vegas. Uh, he's onboarding left and
right. People from Ethereum, from Solana. Um, we was like the, the origin story basically
of this is like, I knew about Avalanche and AVAX like, uh, two and a half years ago, two
years ago. I even found some AVAX in, in some of my old wallets that I completely forgot
about. So I'm really happy about that. I have still these old wallets and stuff. Um, for
us, uh, bro, there's, there's so many things. I don't even know what to talk about. I don't
want to take up too much time. Um, if you want to come, uh, after this, if you want to
talk more about AVAX, about meme points, uh, rerunning daily spaces, uh, in like 15 minutes
we will start. Usually we like, we have like 60, 80 people. We are like friendly rating other
communities. We onboarding them to, to AVAX. So to Avalanche, the C chain that is. Um, and
I wanted to bring out two, uh, important points what is happening right now. So I don't know
if you saw, but, um, one of the big, um, crypto VCs slash market makers, uh, got bits. They
have, um, a huge spaces tomorrow. So they are expecting 10,000 people. And the topic of their
spaces is what is the next big chain for meme coins after Solana in 2024. So I think not only
for us, but for everybody in the room, that's the perfect opportunity because on their, um,
flyer, uh, maybe, I don't know if, if somebody can find the, uh, the thing and pin it up top,
maybe I can find it. Um, we are like as the Avalanche foundation with all the sub communities
as a, as a whole United, if you show up there tomorrow, because on the flyer, they also have
Polygon, they have Arbitrum, uh, base, which I don't know nothing about. So a bunch of other
chains are also there and it's going to be a competition. And, um, next Monday they will
start a kind of like battle Royale. They have, I think 16 or 18 meme coins that are having
some kind of competition. And then God will, God bid will do like a big buyback, something
like 50, 50,000 or a hundred thousand dollars in terms of buybacks for a separate meme coins.
So we are definitely there to, to wrap the AVAX flag. You can see in our logo also that
we try to wrap our own brand, but we also try to include, uh, the AVAX logo. So we are part
of the culture. We are doing our own thing, but at the same time, we're friendly, we have
to build allies to make a good things happen. Right. So that's one thing I wanted to put
out there. So if maybe some people from the Avalanche foundation also want to mobilize,
want to show their flag there tomorrow, I just wanted to put it on your radar. And one
of the other things, um, we have a pretty global community. Like I said, uh, Izadi is in
Vegas. Uh, we have some people that are in, uh, in New Zealand, Australia. I'm personally
from Germany living in Dubai right now. And I saw that the Avalanche foundation is coming
to Dubai in April to, uh, one of the big blockchain conferences on the Palm. So I wanted to offer,
uh, my personal help also with my community. If you guys are coming to Dubai, if you want
to get connected, if you want to know like, uh, which people to talk to, because Dubai is
a crazy place. When I, when I moved here two years ago, I was like, bro, I'm in Dubai.
I'm in Dubai. So I wanted to, uh, go to Dubai. I wanted to make it a little bit more
complicated, uh, fun and sunshine every day. But then when you actually live here after
a while, you see that there's a lot of things going on that you just wasting your time on
because like in April is the hot season and basically every day there are blockchain events
left and right. And, uh, there are a few ones. And I think the one that you are going to,
I have to like double, double check again, but I think the one you're going to is one of the
ones. I know that, uh, token 2049 is also a decent one. I don't know if you have any plans
maybe to go there. Uh, happy to connect offline also, uh, build some connections here locally
in Dubai. And, uh, yeah, I mean, uh, I'm, I'm really happy. Like the one thing that Izadi
said, again, I got to quote this man because he's already a legend onboarding left and right
people to Avalanche. Um, you gotta be in life in general. You gotta be at the right time
in the right place. And if you look what's happening, uh, I don't want to put out, point
out any names. I don't want to talk bad, but if you look at other, uh, ecosystems, there is so
much going on. Like every day, there's like 1000, 2000 different projects launching, different
NFT projects launching. A lot of bad stuff is happening there, right? So new people get onboard
and they get lost. They lose money. They lose interest. They get frustrated. If you get over to
Avalanche, which is not on the radar of many people, to be honest, although you guys are the
10th biggest cryptocurrency in the world, there is still room, right? There's still room
to, to become an OG if you join today, basically. Right. And there's a lot of good things going
on. So yeah, just, uh, I, like I said, I could talk for hours about this. Uh, you can join
our spaces if you want to hear me and the rest of the gang talk more. Um, I just want to say
we are here at the right time between the Bitcoin ETF approval and the Bitcoin halving on the Avalanche
chain, which has so much upside potential, which is on absolutely nobody's radar from my community
that I was, there was, there was part of in the last one or two years, but now we left and right
onboarding everybody so that everybody can be in the right place at the right time. Thank you guys
for having me. Awesome, man. Thank you for coming up and sharing the wisdom, but also the information
there. Um, I actually posted this, uh, got bit thing here at the top. Yeah. We'd love to see more
people and more spaces going in and sharing the good word about Avalanche. Um, and like you said,
there's, there's lots of opportunity for really cool things to be built and people to connect and
build communities. Um, if you shoot us a DM, we'll, we'll, uh, get connected with you about events
happening out in Dubai. So we'd love to connect out there and yeah, we'd love the community support
and bringing people out and, and kind of sharing the good word. So yeah, for those of you who want
to connect, um, go follow lizard and, and there's lots of cool stuff happening. Um, Azadi, I see you
down there. Thanks for all the support. Uh, we'd love to come by the mansion. I've seen that in person.
It's pretty cool. Um, so yeah, thanks for, for the support. And like you said, it's, it takes a village
for all of us to help share the word and it's not even just, you know, community coins or NFT project.
There's like really cool defy applications or even enterprise use cases. So if you're
in different parts of the world, um, there's applications you could use for loyalty rewards
points and regal cinemas has, uh, the really app built in which you can get points built on avalanche.
And so there's so many cool things happening and we'll do our best to keep sharing that information,
but it's also great folks like you who are sharing the word as well. So we appreciate that.
And hopefully we stay connected. Um, I, we've got a few minutes here, so I got to get through some of
these, uh, cause I want to make sure we touch on the folks that have been here and requested up.
Mr. Regular, you're up, uh, any question or quick thoughts from you?
Nah, just real brief. Um, I'm coming from ETH. I've been in crypto for a while and NFTs and, and community
tokens for a couple of years. And I'm loving it over here over the last month. And then finding like the
lizard community and just like, yeah, onboarding people left or right. Like he says, uh, because
it's fun. The vibes are immaculate. There's money. Like the vibes are just so good and it's so smooth.
And a lot of us coming from ETH seeing this, like, you know, coming from that 2021 and all this gas
stuff and having that experience and now seeing what's cooking here, it really does feel like perfect
timing to just be like, like, I feel like I'm coming into avalanche late, but at the same time
early. Right. And so connecting with some of these awesome communities and stuff, I'm just trying to,
uh, the main reason I just jumped up is cause I'm a community guy, I'm a company man. And so I'm just
trying to meet people and I'm doing that every day. So I'm out on the timeline, I'm doing spaces,
I'm hopping in spaces, but I love it. So, uh, I'm looking forward to more.
Awesome, man. Yeah. Like you said, and I, and I, I tweeted about this a couple of days ago, like
the vibes are immaculate right now. And it's, it's people like you that have, uh, come through,
shared about your experience. Um, you know, we, we talk about this a lot. We know where like
the fastest chain from time to finality or low gas fees, all these things that everybody talks about,
but like to hear it direct from someone who's experienced both sides of it. But then there
has to be things to do, right? There has to be communities to get involved with. There has to
be projects to use. There has to be great applications that you want to use. And so
that stuff's there. The infrastructure's built, the games are here, all that stuff's here. People are
going to have great experiences. Now it's just time to have fun and spread the word. So it's people
like you that are spearheading that and we appreciate that. So Mr. Regular, I'm gonna shoot you a DM after
this and let's get connected, but, uh, welcome. Hopefully we see you on the next spaces next
week and all the other spaces we got. And, uh, hopefully we continue to provide a great experience
for you. Right on. Thank you. Yeah. It's awesome. All right. We're going to go to
two more real quick. Sus, you're up. And then Zadi, I see, I see you requested up here. So we'll bring
you up last. Thank you, um, guys, first of all, for welcoming me to Avalanche. It's been quite the
journey just coming over here. The last 48 hours to really been an adventure. Um, I was able to
bring over about almost a hundred new Avalanche wallets in the process. It's, uh, taking a unique
approach to the whole cross chain. Uh, you know, that's the whole goal of all of this is a chain
agnostic in my, in my idea. Anyways, I want to see this community grow with everyone in the web three.
So, um, that was my whole idea of coming to Avalanche and I did it in a very interesting
way without actually increasing my token supply and kind of giving my community the opportunity
to continue on with my expansion and just growing with the brand and coming over to Avalanche with us.
So it's, it's just been epic and yeah, I'm super, super stoked to be here and thank you guys for
everything. Yeah, man. Oh, and I think you, you make a great point here, right? Like we're a community,
we're going to have a good time. We're going to share with each other. We're going to launch
projects, but at the same time, like rising tide, that's all boats, right? Like if the whole ecosystem
grows and people are having great experiences for different things on different chains,
like that's great, you know, because there's going to be different things that pop up in
different ecosystems that are really fun to use. Uh, our goal is just create the best technology so that
developers have a great experience and users have a great experience. So, uh, it's great to hear that
you've, you've come over and helped other people come over as well, but still experiencing different
chains and that's great. Yeah, no, we're still live and trading on both chains with independent
liquidity pools. So that kind of really, there's no bridge either. So it's like they're, they're
almost independent, but they're not to this part of the same brand and allow people to utilize the
token for currently the same process of bidding on art. And, um, that's another thing too, is it's kind of
like an art and culture hub. I've connected and collaborated with over 50 artists already from
Algorand and I've just did a NFT collection for the balls on you collect, uh, coin and just kind of
really focusing on the art and the culture hub with the whole SUS project. Nice. Well, lucky for you,
we have a whole art and culture channel right there at the top that you can follow. Oh yeah,
no, that's why I hopped, I hopped up here with the quickness when I seen what was going on.
Yeah. Yeah. Yeah. Well, thanks for coming through and, uh, yeah, appreciate the support
and hopefully, uh, we'll see you on the next, in the lab next week. Yeah. We got next week for
sure. I just woke up and I saw this. So cheers guys. Thank you for everything again and see you
soon. Yeah, man. Same time every week, 12 Eastern on Thursdays. Uh, we're going to wrap things up
here with Azadi. Uh, just wanted to say what's up. We got a few minutes cause we're going to be hopping
into another spaces right after this with a platform partner of all called the tie. The tie is a
huge data analytics platform and they're doing a whole spaces about web three gaming. So we're
going to hop over there after this, but Azadi, let's wrap things up with you. Just wanted to say
what's up. Hey, yeah. Good morning, everyone. Uh, nice to see everyone. Nice to meet some new
people as well at the same time, little TDLR on myself. I own a place in Vegas called the graffiti
mansion, which is a living viral art project. Uh, used to manage Jake Paul run team 10 and got into
crypto, um, about three years ago and really dialed into it and found a thing that I like as an industry
mercenary, you know, we've had a lot of success and everything from streaming to boxing to, you know,
managing personalities and the, the gains that you can make for the amount of effort that you put in
being that we all have the same 24 hours in a day. It's just amazing on crypto. And I remember, um,
getting in, uh, talking to, uh, one of the lead marketing guys over, uh, with you guys. And he said,
you got to get an AVAX at 12. I think I, I, you know, dropped the ball and didn't get until 19,
got out at 97, watched it go to one 37 was obviously happy with the gains that I made on
that. But what I didn't, you know, have the experience of was being invited to the fun
projects that you've, I've experienced on Solana and even I did a, a stint on Solana last round.
And for me, you know, no disrespect. It just seems like a lot going on a lot of landmines to walk on.
And when I started, you know, participating in the subculture that's going on now in November,
I started kind of screaming from the mountaintops, telling my alpha chats,
telling my friends, telling people from other communities. And if you know me, you know,
I'm a big East maxi. I've got 52 creeps. I love play to earn games. So having a lot of fun with
cock versus Hunter right now, um, you know, uh, got into, uh, cock at 800 K out at 170 mil market cap.
Uh, and I, what I saw was a little bit of retroactive meta there, right? Like here's a
project with happy holders that are building something, they're launching things and they started
a narrative, you know, we're the bonk of Solana, you know, we are going to onboard people and you
guys started a narrative that said, Hey, we're going to support this movie because it onboards
people to the chain. And I found people that have never imported C chain are excited because
of those opportunities that are going on everywhere. You know, even Cush, uh, down there,
he launched a lizard because of our conversations, right? So we support Cush. We continue to support
him. I know that, um, I have a fast track coming for them for coin gecko and coin market cap today.
We just submitted that last night. So, you know, um, peppering the file of paper in the files,
what we like to call it, you know, I've been involved in a lot of mean projects, you know,
from dojo on Mars or to inception to a billion market cap twice. So I'm excited because AVAX is
only $35 and this is the narrative that I'm telling my friends, my family, the people I know,
the people I know on the internet, the people I don't know. Um, Hey man, get early, learn how to
import the C chain, you know, participate in these different projects. There's going
to be, uh, these amazing opportunities, you know, don't be a chain maxi. And I think it's
going to be really exciting when AVAX gets to $60, a hundred dollars, you know, I'm looking at,
you know, 200 to $300 minimum. I have friends that are super bullish on 2000.
All right. All right. We, we hit the hour now. Sorry, man. I love the energy. Appreciate it,
man. We actually have to stay away from talking too much about the price. Um, so yeah. Um, but
appreciate the energy. And I love, uh, the evangelizing to your friends about, um, cool
projects that are being built on avalanche. It's, we hit the hour, so we got to jump off here. We're
going to go over to spaces with the tie Zadi. We'll, we'll chat now. I'll shoot you a DM and
appreciate everybody for coming up. Lots of fun support. And we have all the builders down here
that have been here since, uh, early on and a bunch of new faces here. So we'll be back again
next week, 12 o'clock Eastern on, um, Thursdays. So we're going to wrap up in the lab for today.
And, uh, yeah, we'll see you all next time. Have a great rest of your day.
Bye.
