Hey guys, thanks for joining. My name is Tim, the host for today's cool coin. Sorry, for today's far side chat with us. And then we're gonna wait for maybe a few more minutes to just get a few more of you guys on because I know that we were starting at 10. I just want to give more people the chance to join in.
But yeah, so today we have Noah again for Whalecoin talk as a co-host extremely happy to have him on and the team especially John the president at Medejuice with us today and he'll be going over Invue Medejuice as well as the the new token vCore
And then we have a few questions prepared. Why don't we do the same thing now where we can just ask one each and then we can just riff off them if you have any other questions for John. But yeah, so happy to get started. John, why don't you give an overview of maybe your background?
What you guys have been doing at InVue as well as Medejuice? Sure, I appreciate it. Yeah, I'm a technology and kind of media entrepreneur. I've been building businesses in new exciting spaces for 25 plus years. So was way back in the day it was early on.
I was actually at Netscape pre IPO way back in the day. Builds an e-commerce platform in the late 90s was around streaming video and sports technology in early 2000s and then have spent the last five almost approaching here six years working in the
this web 3 space and specifically, and we'll talk about this with InView, really one of the world's largest social metaverses and transforming that very active economy, that very active community into a web 3 metaverse and ecosystem. And we can talk about what that all means
for this kind of global community and what we think it means for the space. Yeah, and so we're really looking forward to talking about that. I'll say one more thing too, just so folks kind of understand all these different company names that we're sharing. There is a parent company called Together Labs and Together Labs owns InView or IMVU or InView depending on where you are.
in the world. And again, this metaverse has been around 19 years, really one of the pioneers in the space, millions of monthly users, very active economy. And then to get a labs also owns a company called Metajuse. And Metajuse is the company, the business, the team that is transforming in view into a Web 3 ecosystem, a Web 3 metaverse.
I see a number of requests. I'm not sure John if you wanted to bring folks from the team up, but I'll go ahead and ask the second question. Sure. Having been introduced in 2004, you guys truly stand out as one of the original metaverses. It's also a metavers that was successful
before the introduction of technology. So could you please provide some insight into the decision to embrace Web 30 and how that puts you guys in an advantage? Yeah, no, I think that's a great way to tee up really an important part of the story of M.V.U. It has been around a long time. It's been
a really nice business and I'll say a traditional web to business. It's built up this metaverse and the InView experience, the InView metaverse is available on iOS applications, Android applications. Actually, it's a top five ranked mobile application and all those platforms. You can download an application to your PC.
You see or you're Mac and of course there's a web experience and as I mentioned there's millions of monthly active users from over 120 countries 13 languages are supported on the platform and it really is a social experience a social metaverse the users come together on the platforms to engage with each other friends they've maybe had for years on the platform
to friends that they're just meeting in that kind of time on the platform. Then the entire economy is run built out by the users themselves, by the community. So it's a community led economy. So all the millions of digital items that are in the marketplace and every day, you know, anywhere from five to 10,000
new items. And these items are the kind of clothes that your avatar might wear. It's ways to customize the look and feel of your avatar. It's by furniture, environments, or rooms for the land that you occupy. This marketplace, all the items in that marketplace are created by creators, by the community themselves, and they earn through things that are in that marketplace.
We had this huge dynamic, I'll call it kind of real traditional business for years. And with the introduction of blockchain technology and crypto assets back in the very early days of 2018, we started to say, is there a fit here? And there's a natural fit. Our users are already very comfortable purchasing digital assets.
assets or, you know, in-view credits back in the day for cash, for fiat. So now to purchase tokens that represent value in and out of the platform, that was very comfortable move for our users. Or to convert digital items that our users have been buying for years and years, and they buy about 18 to 20 million digital items a month.
For them to start to have those items be NFTs that's been a very comfortable kind of transition. We've made it super seamless in the platform. It's as easy to buy an NFT as it is to buy an item a shirt in the marketplace as one has been doing for years. So we have this this not only this large existing
economy in this large existing community, but it's the behaviors on the platform or the way that crypto assets can be introduced in a natural way is really important. And just to give you a sense of the breadth or the size of this ecosystem, I mentioned that we out of the marketplace about 20 million digital items are sold every month. If just
If just 10% of those were converted to NFTs and sold, that would be more monthly NFT activity purchasing the NFTs that happens on OpenC every month. So we really do talk about this in view, you know, Web 3 Metaverse being the largest Web 3 Metaverse, just large from the number of users on the platform.
We'll have over 700,000 daily active users today on the platform and the number of items that are purchased or engaged with or resold on the platform. There's millions of peer-to-peer transactions every month, reuses or paint each other on the platform. So it's really this, it's really, in my opinion, a little bit biased. It's really an ideal fit.
for crypto assets and for a transition to Web 3. Yeah, could you talk to us more about the actual experience of the of the Metaverse? Is it something should should should our listeners sort of think of like a sandbox or one of the other Metaverses or what do the users actually do in it? Is it primarily used for events for buying
land and building businesses on top of them or social experiences and also tie in a v-core and how does that enable certain things in the metaverse? Sure. No great question. Kind of a good kind of foundational question too. First I'd say is everybody shouldn't be. There's no reason not to go check it out.
Go check out in view. IMVU, easy to search for in the app stores, on your Apple devices or Android devices. Download the application for your PC or your back so it's super easy to log in and check it out and just get a feel for it. It really is a social experience so the core of it, the foundation of the platform is so
You can customize your avatar in gazillion ways and have all kinds of different versions of yourself in this virtual space. You can interact with people in we call it on a platform. They're often called rooms, but these rooms can be everything from a whole beach environment to a whole castle to a nightclub to a bar. And so you then you engage
You go into these various environments spaces or rooms and you can engage with other people you can search for rooms by topic by language spoken or chatted in those platforms and then you can interact in ways because you're an avatar form, you know, it's super easy to to stand next to people hold hands with people dance with folks in various environments and kind of engage
in a deeper way. Expression is a big part of the platform, so because there's so many ways to customize your avatar and express yourself on the platform, that customization of avatars and actually drives a lot of the economy. It's a big part of the environment. So it's just kind of say what it's not to. So it's not a...
You know, I run around and shoot them kind of game on the platform. There's not a core You know puzzle that you're trying to solve or anything like that. It really is social I think this leads to how long how why it has had such you know kind of a long and has such a large loyal user base is because
the core, the social experiences, you can build anything you want on top. So there are nightclubs that are fun, there are groups that get together to have like a meetup inside a certain environment, right? You can go to a bar and be with people that are like you and talk to them about interests that you have. So that key environment. The introduction of crypto assets, and I'll say
NFTs and then really V-Core in particular is really to kind of take the economy to the next level. Because in view had like a lot of traditional games and metaverses have, it's got a, I'll call it like a proprietary economy, right, where credits of some version of credits are sold to users and users can use those things to buy items
or pay each other in the platform. Those credits traditionally don't have any value off the platform. In some cases, the people that are earning these credits can't convert them into a valuable asset. They can't convert them into fiat, cash, to pay their rent, buy a new computer, etc. With the introduction of crypto assets like
We are really non-US, non-Canadian users are able to purchase items using a crypto asset, in this case, V-core. So purchase NFTs and the primary and secondary markets. Creators will be able to earn V-core on the platform. We're able to reward users on the platform.
platform have actually done that prior to the launch of V-Core this week. And so, for the, you know, one of the first times our users will hold an actual valuable asset that they can convert back into cash or Fiat or some other asset. With V-Core, we're obviously integrating it into the economy. We're also integrated into
to the gameplay or the social play on the platform. So as I mentioned, briefly, the ability to reward some of the most active and loyal users on the platform. And then we're integrating it into governance on the platform so that users, you know, we've of course always listened to our users and done polls and tried to understand where they want us to take the platform.
But to give them actual voice based on their holding of V-Core, that'll be something new. So it's kind of a comprehensive asset and token that's going to create new ways to earn, new ways to engage on the platform, and then of course new ways to have a voice and kind of have a people to participate in the future of the metaverse.
So how does V-Core differ from tokens like sand or mana? Yeah, and first off we love those guys the folks that have built out Decentral land and their monotocon and the team at sandbox is awesome.
They've really kind of paved the way, created a massive economy. I think shown, you know, not only the Web 3 kind of crypto world, what's possible, but other kind of players and games and industries too. So we really like those guys. And by the way, what partners with those folks on platforms like the blockchain games alliance or open metaverse alliance.
What's different about VCore is that VCore is being integrated into an existing large metaverse. We'll have hundreds of thousands of users on the platform today. As I mentioned, there's a super comprehensive and dynamic economy. There's also all kinds of other services that our users engage with. They purchase. They spend
over a million dollars a month purchasing what we call VIP subscription. They also purchase an item called Access Pass. It's like an adult pass so they know that they're over 18 and are talking or are in rooms environments only with other adults.
So those kinds of platforms and this kind of broad experience, we could integrate VCore into a much more comprehensive metaverse than a lot of other players can because this platform has been around for 18 years and there's all kinds of services to plug into. So just as an example, with something like VIP, the subscription service that hundreds of thousands of users purchase every month,
They're combining annual plan on it. We're looking at ways to maybe be able to lock up some vCore and by the very nature of having some vCore locked on the platform, you've earned VIP access for that month or ways to have users purchase. We could take the VIP
membership and turn it into an NFT and make it kind of whoever holds this NFT in a given month they have VIP for that month almost like a VIP for life type type NFT have that type to vcore people can purchase vcore purchase this item on the platform and so because
there's so many different ways to integrate vCore into the ecosystem. I think it makes it unique. It makes it unique to the other other web3 plays that are awesome, but are still trying to build out core experiences or still trying to find reasons, still trying to build out that core value that drives hundreds of thousands of users to the platform every day, which really is the hard part.
So how is crypto or the NFT side of things have been embraced by the current existing active in-view players? I think you mentioned to me that you previously also launched a few, launched some NFTs before and how are you kind of thinking about that transition right because I know there's obviously a
a large educational barrier for a lot of, you know, web-to-native players and also the fact that NFTs, I think, right now, are quite polarizing, right? Some people love it, some hate it. So how are you guys thinking about that transition? That's right. That's right. No, it's a great question. And the first key part of our play
We're not going to blow up the community or the economy by forcing Web 3 and crypto assets into this environment. So we did a couple things. One, we said, look, we're going to do this in a very seamless way. So the way that you've always put in Web 3, we're going to do this in a way that we can do this in a way that we can do this in a way that we can do this in a way that we#
just digital items out of the marketplace and you can just go click click click and buy a really cool dress for your avatar. That'll be the same way that you buy an NFT. It's not going to be, I'll call it crypto hard to do that. And so we carefully integrated, you know, kind of an NFT platform, the, the, the new double platform into our environment.
We also made sure it was available on all platforms so you can actually purchase NFTs from Apple devices, Android devices, and of course the desktop and web experiences. We then also started the education early. So we did some NFT drops over a year ago, well over a year ago.
So, I think that's a great thing about this.
We did what I would call kind of a beta start where every Tuesday we started to with with creators on our platform drop anywhere from 500 to 1000 plus NFTs into the marketplace. And to your point, this we've been selling NFTs are make up less than one tenth of 1% of the items at our marketplace that are purchased every month.
month. This has already put us in the top five to 10, depending on what day of the week, and dapper radar for overall NFT activity and unique wallets. And so we kind of eased into the market, eased into this space with our users and get them an opportunity to see how powerful or the benefits of
and FTs are. And I would say this just to share a little bit of this transformation with our user base. Probably 18 months ago we've asked our community, "Hey, what do you guys think of the benefits of NFTs?" So we talked them about what do you think about having ownership for the first time? What do you think about having the ability to sell your items in a secondary market for the first time? What do you guys think
about being able to transfer for the first time items that you own to other users on the platform. Like, you know, just idea of true ownership being able to take them off platform and resell them. They loved all those benefits, but they were to your question. Some of them were wary of NFTs, but I don't like the word NFT. So it was more of an education and kind of, um,
And kind of an easy the whole economy in than it was the benefits of an NFT because the benefits are just super clear. And now when we take a poll we get about 80% of folks are very are not just warm but are very positive on NFTs right it's just been an awesome transformation and again done in a I think moving from web to the web 3 is
a different game, if you will, it's a different play than just building a Web 3 game that is loved by the crypto community. There is some education, there is some sharing and making sure that what you're doing is additive to the ecosystem. So that transformation has been really nice. And we're super confident we have what we call NFC.
T face three coming out in just a few weeks. This is where NFTs are integrated into the creator process. So our creators, as I mentioned, upload 5,000 to 7,000, 10,000 new items a day. They'll be able to just click into the in view studio tool and turn those items into NFTs. So we're looking
for thousands and over time millions of our items are NFTs. And we expect the amount of NFTs purchased on our platform to grow from, you know, modest sizes today, which are already highly ranked, but to move into, you know, 5, 10, 15, 20% of our catalog are the marketplace every month that's purchased being NFTs.
So, and so far it's gone great, right? We just we feel like this launch of vcore really the final key phase of the crypto assets on our platform. So vcore joins nfts on the platform is really kind of the last key piece will be building cool new ways and new utility into the platform
that's driven by V-Core or driven by the ownership of NFTs, but having all these three in place, fully integrated wallet for our users, the ability to take assets on and off the platform. We're really excited about what really the next, you know, six to 12 months holds as we bring all of this activity on chain.
So you kind of answered my next question and I was going to follow up with the different one. You know, you said that you conveyed the value prop in one way or another of NFTs to your audience to get them on board. One, did you use any kind of different language like
credit, calling it digital collectibles. And then two, this is more of a longer-winded question, but I find that a lot of either metaverses or MMORPGs could really benefit from some degree of crypto NFT Web 3 integration.
How do you think the value prop of such a move needs to be conveyed to those who are decision makers? What are some ways that you think the player base can be made to understand that, "Hey, this is actually going to help you and be tiered."
advantage the way that you guys were able to do for V-Core. So again, one-winded question, but the mic is yours. No, and I hope my questions aren't too long-winded, but that's some great questions in there. The first part, and it's a second chapter of how we introduce these assets and integrate them into the existing
metaverse is that to your point and to kind of even some of the survey results I shared as we initially started to introduce NFTs, we talked about the benefits and we did call them collectibles or exclusives and users would also know as they purchased them that they had just bought an NFT, we would have that in the description as well, but we didn't lead with it, right?
So it was like it was using language, again, maybe more common language of the broader and frankly bigger web two space for our users. And then as they purchased on our platform, I'll give an example as they purchased their first NFTs users in the community would get an NFT badge as a part of their user profile. Their name would be highly
highlighted as they entered a room and environment and for some of them the utility around owning NFT was just as powerful early on as actually owning this item for the first time in this new way. So introducing that was super important and with our creators, it was super important to be real clear with them too about how the economics of
of an NFT sale are unique or how their ability to earn on a secondary sale is unique for them and how the benefits could accrue to them too because again our this metaverse is really run by the community by the creators. So being real clear and educating those folks on that aspect is important. I think too because in view at its foundation is
a social metaverse and a social platform. The introduction of NFTs didn't change the gameplay because there's not gameplay as there might be an adventure game in all of a sudden somebody can buy that sword that used to take three years to grind and earn.
change is the whole dynamic of the game. We didn't have that issue. It was just more of a perception issue and education issue on our platform than it was a real risk that you're going to change the core interactions on the platform. So I think that made it easier for us. But of course, that is something that other games and metaphors need to consider as they make this transformation. And then finally,
Finally, I agree with you too that I think almost every game or metaverse environment can benefit from a smart introduction of assets like this. You don't necessarily need, you know, don't force it. It's based on the behaviors that are common in your environment, but for users to be able to actually own
the items that they've been purchasing or earning maybe for years to be able to own those truly for the first time. I don't know how that's not valuable, right? I don't know how users would reject that idea because our users on our platform, even if they don't want to resell the items that they purchased, they have the right to. And so, you know, it's just trying to add value to the whole ecosystem.
So again, I have a philosophy a little bit. We're not going to force things. We're not going to try to change behaviors dramatically. But if we introduce these things the right way, and I think as an example, NFTs or a smart asset like V-Core, you can drive a whole lot of usage. We can actually, the Web2 space can bring more usage to the crypto. I'll call it.
crypto economy, then kind of the early phases have because of the massive amounts of numbers of users and activity. And so it's definitely going to happen over time that's folks get comfortable and probably watch other web to companies do it and be successful. I think that'll be kind of one more of the green lights that the space needs to see to continue to make this move.
John, I'd like to zoom out a bit and talk about your long-term vision for the for the metaverse you guys are building. What else are you guys do you guys have in the pipeline and how do you guys see this evolving the next few years? Yeah, no, you know what I
I think it's, I'll share something that I think is important for this space. We're, as we kind of transformed the entire economy and community to a Web3 platform, we've been very active in putting our hand out, you know, trying to partner with other Web3 metaverse game platforms.
and NFT plays and brands in the web three space, right? Because we believe that ownership and control over assets and the ability to have a say in the future, the metaverse is really important. But that next phase, and maybe we're all ahead of ourselves a little bit, but the vision is that the items that you've owned on in view
your avatar, your identity at some level, certainly your assets. You can take those to another metaverse or another experience in this broader space. And so working with organizations like the Open Metaverse Alliance is important to us around, can we make that happen? Right?
And you mentioned players like Reddit and others in this space that get massive web 2play that as they just dabble from their opinion in web 3 have kind of brought massive amounts of in their case purchasing of NFTs. We think too, how could we work with web 2 plays like that, right? How could we take an
Avatar or a PFP of sorts that might come from a traditional web to platform and as that user brings it into the M View Metaverse, it turns into a full functioning 3D avatar, right, or a snoofer tar that you own turns into like a pet in our environment. So I think
And I mentioned one more cool thing that's happening inside the
is a lot of exploratory work around AI. A creator economy like ours where users create all of the digital items and all of the rooms and environments and all of the landscapes and land, you know, kind of build it out. The ability to do that with a generative AI platform is super powerful.
Everybody can be a creator and you don't need to have a heavy skill set of how to use blender or machine tools and you're able just to, you know, through natural language, be able to describe to AI in a sense what you'd like your room or environment to look like or what you'd like this clothing item to look like.
That is super powerful. So know that we're working on that too. We want to lead in this web3 metaverse with some really cool generative AI stuff. So, you know, can't not really announce in the roadmap yet, but definitely being worked on. So there's some very cool things that we think are going to continue to evolve this entire space.
No, did you have a final question or do you want to move on to the audiences?
Yeah, I mean, I think a lot of audience members are waiting to ask. One of the final questions we had written down was, you could elaborate on any partnerships or collaborations you've established to support the growth and adoption of the MetaVris Crypto token. I'm not sure if you want to dive into that.
No, for sure, for sure. And the first thing I'd say is, on the partnership side, first I always say this too, of course our core partnership is with with the existing community and creators, right, so we have over 200,000 active creators and earners on our platform. So while we reach out and we've pulled in,
some really awesome kind of new partnerships into the platform. That will always remain our core partnership with the existing creator set. But we do have a team of folks that we're actively engaging with kind of very popular NFT brands. If you have partnerships, some of them really fit the
the user base, the community that existed in view. So collections like Not Your Bro is live on the platform. As are we've done some really cool and have a long-term relationship with Nadia from Pussy Riot and did a really cool event with her and exclusive NFT drop and set of drops, frankly, tied to NYU.
And so look for more and more of those types of partnerships to bring kind of to bring communities together really, you know, Web 3 communities into our platform. Then we have a very strategic relationship with Annie Mocha brands and those in the Web 3 space will know Annie Mocha.
They're really the largest player. I'll say one of the smartest players in this web 3 gaming metaverse space. They're behind creations, you know, kind of platforms communities like sandbox, my neighbor Alice, whole host of others, right? They're in hundreds of game platforms and companies like ours.
and helping make this transformation to Web 3. So they've been very strategic in helping us think through how to come to market, how to think about the broader space, partnering with other companies in their portfolio. So I can't say enough good things about Animoka and given their global reach, they're really a powerful partner to have in our corner. So yeah, really fan of that stuff.
Awesome. I actually have one more question to ask before we move on to the audiences. So as you guys may or may not know, we're doing a giveaway of 10 genesis NFTs as well as
I believe some cash to 10 of you guys. But do you want to talk a little bit about the Genesis NFTs just so the audience knows more about them? And also just a side note. You guys, please do support
Or all of us, you know, with Wheelcoing Talk, I'm at Medaju as well as Us at Rare Vents. We'd really appreciate that. And yeah, so John, do you want to go over those NFTs?
Yeah, for sure. No, we're super excited about the metacritors and the first thing I'd say is we have, you know, check them out. Everybody should definitely check them out. We have got, as you might imagine, in this larger community of 200,000 creators, active creators on our platform, as well as some in-house kind of, you know, artists. We have
ability to really create some special items. And in this case, some really special NFTs that are super cool and actually have been getting a really great reception in the broader marketplace. These NFTs initially will start as off-platform. They're not integrated into the in-view experience. We'll start as kind of off-platform NFTs.
Honable in the traditional way that one would expect. And then there's so and the idea here is that there could be value that could come to these NFTs or our plan is we want to make everything interoperate over time with the metaverse so without giving out a timeline exactly.
The ability to take these NFTs or future ones that we might drop and share with the broader community into our ecosystem. We think is super valuable. So it's something that's pretty special and has been coveted here. We brought becourt of market. So definitely something worth taking a look at. Awesome.
for first audience member up here fortune do you want to go ahead and unmute yourself hello client yes hello client thank you for your question my question is to the metadgers I just want to know who your project and most is ready for your community I want to know like what does one of the
So, interesting activities you have with the socials that has been keeping your community members and the same time that can be our trust more members into the community. Yeah, good question. The first thing I'd say about the overall experience is that we see our
as putting all of these tools, all of these capabilities into the platform and then allowing our user base, our creators, and we call the folks that run environments hosts or producers to let them create the environments and the experiences. And that's really what we've done the last 18 plus years.
And so our very creative, you know, users and community that creates experience on the platform, they've created environments or experiences that bring back users every day. And as I mentioned, we'll likely today have over 700,000 daily active users on the platform. So the kind of experience people come into it all depends on what they're doing.
they're looking for. It is on the platform. So nightclubs or bars or environments where people might socialize and hang out and and then the activities of one can do obviously chatting even using voice services to talk with friends on the platform are all very popular. Interact with other avatars is
super popular on the platform. Other people might choose a different environment. They might want to meet it with friends that had on the platform for years and just show up in a cool mansion and hang out in the backyard in chairs and talk all evening. The average time of use on the platform, every session average is about 55 minutes
Long shorter obviously on a mobile device longer when someone's on their desktop and usage spikes in the evenings and on the weekends on our platform now It's a 24/7 platform and global so based on the time zone one is in when folks have large chunks of social time that maybe in some cases some people might be going out to do
with friends. A lot of our users are going out in a sense on the platform with others on the platform. Folks on the platform can also collect around interests. So if there's a Premier League team that a bunch of users love, you can search for that, find rooms where people are discussing just that topic. Right.
or clubs and other sub communities can get together on the platform and collect together. So because it's such an open platform and because there's all these tools in place for users to interact and because you're an avatar form, so you can do more than just chat, right? You can, you know,
you position yourself or the way you animate your avatar or if your avatar hugs a good friend on the platform, these things all convey. It's another form of communication and community and socializing on our platform. And so that's really the key part. The way we think about bringing new communities in is we're just continuing to advance
the overall metaverse, the introduction of Web 3 assets we think is huge. These partnerships are going to do a lot to bring new communities, make them aware of in view. I think some will engage and become, you know, deep users. I think others might just engage with NFTs or B-Core on the platform.
But it's just continuing to kind of build out this overall experience and really kind of take it into this next phase, which obviously involves the introduction of crypto assets in a deep way. Awesome. We have our next audience member up here.
Alright, thanks for the opportunity. So, that's been a very informative space. My question is about the vehicle token. So, I just want to know about the, if the vehicle is a stationary or a stationary
And what are the sustainability of the token in the straight-off mechanism? Like if he has a buyback, take-in pool or a body mechanism, not out of the sustainability price, thank you. Yeah, no good questions, good questions.
I'll say a few things about the high level tokenomics of V-Core. So V-Core, it's an ERC-20, so it's an Ethereum-based token. It is a fixed mint, so 8 billion V-Core tokens have been minted. That'll, you know, there obviously won't be more than that. We do not have a plan for the
or changing the supply in any way. We've taken a very regulatory conscious approach to V-Core. It's also why it's not available to U.S. persons, even though we have a large U.S. user base. It's not available to Canadian users on our platform. And in a lot of ways,
is burning supply and trying to manipulate the supply or change the supply of an ecosystem. And by some regulators, we've seen as not the thing to do. So we don't have that as a core part of the platform. I imagine platforms will make the staking of vcore an option and available. And as I mentioned,
There will be cool things that we do on our platform, the way that users will use VCore on the platform, will drive a lot of activity of VCore and keep VCore inside our ecosystem a lot. Those are the core kind of mechanisms. There is then a, we've taken a very, you know, we're a existing business with existing
and we have a disciplined approach to the way that V-Core unlocks and then could find its way to the ecosystem. So even as of today with V-Core available, we have a lot of different
There's a very, very small percent less than 1% of the core that's available as supply out in the market. So it's a very kind of disciplined approach. Again, you can think about us being kind of a very careful, we like to think smart project that is working with
you know lawyers and global regulators to do this all the right way and make sure that we're just marked we'd rather kind of you know march down the roadmap and do everything the right way then rush down this thing and blow something up so we're being real careful and trying to make this in a way that it can be sustainable and build value over the long term.
Got it. We have time for one more guest. Let me show you someone. Give me one second.
Yeah, so we have Lala, go ahead.
Hey, do you want to unmute yourself?
not sure I can hear Lala.
All right, let's get one more, someone else give me one second.
Skyler, you're up. Do you want to unmute yourself? And if you have a question for John, go ahead. Hello. Yes, we can hear you.
Can you add reset? Yes we can. Yes we can.
Okay, I think there's something wrong with, okay, let's try one more, give me one second.
I grab a re- oh there we go, he got him, Mike. I was just gonna grab re-a. Uh, we can let both of them mess. Uh, re-a, do you wanna go first? Hello, can I hear any of me, sir? Oh, sorry. Yeah, Mike.
How does BICO ensure the security and protection of its user trading activities and personal data?
Yeah. Yeah. So the first thing is, let's talk about security and kind of safety on our platform. So again, this is a unique kind of story, I think, in this crypto space because interviews been around for 19 years. As you might imagine, we've built up quite a bit of experience.
technology and processes. We've actually have over a hundred live reps that also kind of manage the platform on a daily basis to keep the interview platform safe and secure. So if we take safety really conscious, you know, it's kind of a forefront of the experience so that users feel like they're in a safe environment that
user to user interactions are safe. People are reported if there's bad actors on the platform. We do our best to keep the economy safe and secure to make sure that users are, that the economy is running smoothly. People aren't stealing from each other or taking people's creations and reselling them as their own. And so you can imagine there's quite an infrastructure
and set of processes and teams that have been built up to keep the traditional in-view business kind of working the right way, right? And frankly, adhering to all of the global regulations around user information, keeping young people safe on the platform, the privacy of data, I would say
on data since that was part of your question too, we try our best not to hold personal data on our platform. So as an example, payment information and stuff is held by third parties who are experts at that, right? Or we don't collect ourselves a lot of personal data from our user base. They might go through KYC in order
So we've tried to create those safe environments. Then with the introduction of crypto assets, we've got over 1.25 million active wallets on our platform. We introduced things that might seem basic, but are new to the platform.
to game platforms or meta versus like two FAs or two factor authorization so that our users can protect their accounts so that users can't log in because now for the first time they might have crypto assets in their InView wallet and account or they might own some very valuable NFTs on our platform. So keeping those
things safe in a way too has been really important to us. And then I'd say, and I was just on a podcast yesterday talking about security exclusively, we're also reaching out and talking to more third parties and partners about security because with the introduction of valuable assets, we've quite created some new threats, right? There's new reasons to try to get into somebody's in view account.
And working with third parties that are really good at I'll say threat analysis could be really important. So all I like to say is, you know, we're because we've been a business for years and years. We take security and safety in a real serious way. We really consider it and have built out the teams and the mechanism
to do our best to keep everything safe and working and secure. Without that, we wouldn't be around for 19 years because the creators were constantly having their creations stolen or users were getting ripped off. This platform would have died a long time ago and it hasn't been the case. So we continue to make sure everything is safe and running smoothly.
into your wallet? Is it your own wallet or are you using one of the other crypto wallets out there? Great question. We partnered with a technology platform and a player in the space some might know uphold. A uphold is kind of a crypto bank and
platform that can look a little bit like an exchange to many people to actually run the backend of the Brave browser with millions of active users right in the back token. I remember that actually was that work that gave us confidence that uphold could handle all of our millions of users and all the transactions on our platform. So we offer a custody wallet
You kind of managed by up hold to our users and it's fully integrated into the platform. So we take care of all that you know that all the security and take responsibility for it frankly for our users and make it really easy to engage with crypto assets as kind of step one for our large community. Let's give you an example 80% of our users that
to purchase NFTs, this was the first time they ever bought an NFT. Right? And so we're going to -- our goal here is to onboard millions of new users into the Web3 and crypto space. Same thing with crypto assets. I imagine as our users start to engage with V-Core, really starting today, for a lot of them, it will be the first time anyone on the platform has owned a crypto asset like this.
and again, super easy to purchase. But then, as you might imagine, where, and actually today live on the platform, is the ability to take those assets on and off the platform too. So we want users to have the ability to self-custody. We want to educate them on the benefits or, and you know, some of the extra work that, you know, kind of extra steps that might be required to do that.
But to be able to plug in the wallet of your choice and to own, you know, kind of control your assets off platform and to have, you know, have your own keys, if you will, right? We're fans of that. And that to me is kind of the extension of all this work. Why we really try to activate our existing community. As I mentioned,
It will be one of the largest crypto economies in the world given the large user base we have. The technology in place or the capabilities in place. So this web 3 metaverse also works with self-custody, off-platform NFTs can partner up with other third party platforms. That's a huge part of the strategy.
that I wouldn't be able to call ourselves Web 3 really in my opinion, right? It's important that you're not a closed ecosystem doing cool things with crypto. I, in my opinion, you know, these assets, this ownership, this control has to go off platform 2 and allow users to control and let that they want and let them make the decisions of how they want to work with the assets.
that they all. So see that coming here over time as well. All right. So before we wrap up, I want to give Rhea a chance to ask a question. Go ahead. Okay. So how does Vikul platform handle certain practitioners or political market conditions? Thank you.
How does the hand of what I'm sorry is that kind of based based on user user spikes or what was the question? How does V-code platform handle certain factors or volatile market conditions?
Oh, yeah, no, great question. You know, I'm not sure if this is the way the way to answer it, but the market play, it handles market changes in market conditions or changes in the economic environment. Also, the broader economic environment that we all live in very well.
And what I mean by that is because in view, is an existing community and an existing economy, our users are coming on platform, buying digital items on the platform, which in general don't cost very much, right? The average digital item costs around one US dollar, NFTs, in some cases have been selling for, you know,
10 times that and NFT has sold for a thousand dollars on the platform, but the social experience on this platform is more about millions of small transactions than it is really large ones. And for our users, this is a social experience for them. So just like other people in real life might go out for dinner and get a
meal or have a beer, those kinds of experiences or that type of money is spent on this platform. So a good example I was on a panel a little while ago, and I think the Fed, the US Fed had just raised interest rates and some of the people on the panel, these NFT collections had seen a small
drop for a day or two. We don't in the in view economy because it's not tied. The core use case of the in view community is not speculation. It's not resale price of NFTs. It's not the appreciation or depreciation of an asset. Those are all cool new things that are happening around the metaverse.
or use case is good every day. Regardless of the economy or what's going on. Now I will say when people in any country are feeling good about the economy or have some extra cash in their pocket, they will spend more on our platform.
to be a broader positive economic outlook happening around the world. That's always better, who doesn't want that. But the core kind of protection of our platform is there's value to our users in our platform every month, every day, regardless of what's really going on in the broader economic space.
Awesome. I'd like to give your final thoughts before we wrap up. Before that, Noah, give any final words or any questions for John. Go ahead.
No, John, it was awesome getting to know you and learning about what you guys have built and I am very excited to see some of these you know some of these legacy brands and legacy meta versus legacy games Integrating with Web 3. I think the technology is tremendous potential for not just the builders and
creators of the game, but also and more importantly the players. So again, thank you so much for coming on and really appreciate you. Thanks Noah. Yeah, I really appreciate that and Tim, appreciate both of you guys allowing us time to talk to the the whale community here and share what we're doing. Final thoughts are just, you know,
Check us out, right? Check out the interview experience again. It's free to play. It's not a game you have to spend, you know, $3,000 to buy an NFT to engage on the platform. It is a free to play. And frankly, on a monthly basis, probably 90% of our users don't spend money every day on the platform. It's social. You get 90% of the value just in
And as I mentioned, it's available in every country and all these platforms. So engage with it. I think as you do, you will see, you know, even right now there'll be thousands and thousands of users in there in the language of your choice talking about topics probably that you care about or you might find communities that you're interested in.
And I think you'll start to see even what Noah just said there what the power of an existing web to business can bring into this ecosystem Right, and we're not the largest web to play in the world. We are one of the largest social metaverses in the world, but there's gonna be as this web to space comes into the space that we all love this web three
gaming metaverse space, it's going to be a game changer in the amount of users and usage, and true engagement, and value being created. And I do believe it's the future for these platforms. It'll take some of the big, big legacy players a long time to get here, but it's going to be, it's
It's going to be awesome. And I think it's going to be the kind of experiences like in view that really bring crypto assets and ownership to the mass market over time. So super excited about the future and plug into us where you might imagine we're available. You can find MedaJuice or in view in Twitter on discord and
And if you just search for I-N-V-U or even V-Core, you'll definitely bump us into us on your favorite platform. Awesome. Thanks again, John. If you're spending the time to share your story, very, very excited for the journey. And Noah, thanks again for co-hosting. And thanks everyone for taking the time to listen.
Thanks guys. Appreciate it. All right. Bye. Thank you guys. Take care. Take care.