Kill Crypto Ep.#2

Recorded: Feb. 14, 2024 Duration: 1:06:31

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Snippets

get some people up here on crypto. We gotta get we gotta
get Mr my man Joe. My man Joe is gonna get up here. What
are you having? Let's see it's been a little bit of a wild
week. everything is going rad getting prepared for
Denver building some say that 50,000 Bitcoin feels good.
So a lot of lot, lot more investor sustenance
and investor interest.
And people are even investors originally announced
and even kind of like saying, hey, what do you got?
What's the latest and the greatest?
What's the latest and greatest?
So a lot of stuff requests that we're getting, RWAs,
get us some nice requests in RWAs,
what we're getting requests in anything social fi.
So there's a big kind of like meme around social fi,
warp cast, things along those later
and anything that's kind of like interesting
new defy primitives or some of the requests
that we're starting to get and getting interested.
But I'm happy to get people to join in, hop up here
and then figure out what we do on kill crypto.
All right, we gotta get our man Joe up here.
So Joe, you gotta get up here.
And that's me.
And then what we do is we do a one minute pitch.
We get a timer.
You get one minute to pitch what you got.
Know what your startup is, what your project is.
And then what we do is then we get feedback
and we either roast you or we ghost you or we host you.
And while we do that, whoever, if we get somebody
that wins and we get the best pitch, they come back
and they get to be host next week.
See, that's how we do that shit.
We get the shit right up on the spot.
Can we get another person up here?
Brian, can you hear me?
Yeah, now I can hear you.
Looks like we got Oleg, we got Igor, we got ourself.
Yeah, we are definitely getting some buggy stuff
with this, I'm getting some buggy Twitter spaces stuff.
So we'll work our way through it.
I'm on a computer and we'll go from there.
All right, Joe, I didn't see who came in first.
Who do you got first?
I think Igor was here first.
Igor, Igor, Igor, Igor, Igor.
Can you hear me?
Yeah, man, gotcha.
Yeah, I'm so excited and a little bit nervous.
You should be, bro.
I just want to say, like, don't worry, it's not like the rest
of your life or your whole entire future or all status
of everything that you're ever gonna do from this point forward.
Not at all.
So I can start?
Yeah, go for it.
Yeah, so my name is Igor and I'm founder of SafeSoul.
We're building security platform for web free space.
Our browser extension named SafeSoul.
It's like L2 solution for browsing routine.
It's highlights scams or status in the layout Twitter
or before user click on scam links.
Right now we're work with Twitter,
Google search and marketplaces.
Also, we can integrate any user generate websites,
just one click like a friend's app.
Also, we have a user reports.
For example, last hack of Vitalik Buterin's tweet
was hacked detected and reported by our patrols
with three minutes and everybody who uses SafeSoul
will be safe.
Security experts earn activity points for reports
and in future we will redeem for token and rewards later.
Our right now we're closed beta.
We have a 1700 users and 130 key projects in database.
Our goal to end of this year, 15 key users.
Yeah, right.
Yes, that's all.
What we are built.
Right on, right on.
For sure Igor.
So it sounds like a little bit like bug bounties.
What makes it different from bug bounties?
We have a system with automatically
and one system with patrols reports
and we will distribute our token for the real guests
who will support us.
And we integrate to the layout Twitter and other websites.
Like you can see a video in my page.
Last video will be shared with information.
And we can integrate to the any social file web pages
like I say Francia and another like the bank
and we can show any information about the any users.
And by the way, we already have integrated with a get coin
and we will show passport score in your account
to in our extension.
Give me an example with Twitter.
So if you know the problem huge problem with Twitter hacks
or Twitter huge accounts, SIM swaps.
And we have a patch rules who monitoring 24 hours
and every patch rules have a word
and we can we monitoring and we will highlight red pages
in the in the Twitter and we mark this scam.
All right.
Many work.
I hear what you got in it's cool.
It is one attack vector.
It is a, it's a prophylactic for your browser
for your browser wallet.
Basically built a prophylactic go around
and you can do it.
You built a prophylactic go around and be safe
as you browse and I get it.
So I mean, that's one, one type of thing.
I think you have this like really strange problem
where that, that what you're trying to do
is you're trying to find all the bad things.
And I think that's like an infinite like hole.
So the thing that I, when I'm putting like an investor
hat on, I go, there's an infinite amount of websites
that are coming out of the gate, right?
Like, and there's an infinite amount of contracts.
The amount of contracts being created on blockchains right
now and then connecting to like decentralized websites
or scam websites is unending.
And so when you're kind of like telling me that, hey,
these are going to go through this unending,
like more like unending black hole of data
in time of trying to consume and evaluate, it seems nuts.
And, and that's never really like a good business model
where, but at some point you have enough quality sites
bootstrapped on board and pre verified that you're like,
okay, these are the real deal.
So it feels more like one of these like DNS systems
where you're going to be able to create a trust score
around a domain and kind of like, like that versus like
having a process to verify people either with insurance
or verify people that are drugs versus trying to like go
after this never ending thing.
So I, so I, I'm currently fearful for you.
Number one, number two is like anybody that's been rugged
or hit on a scam link has felt that pain.
The question is, it's really hard to market and distribute
to wallets because there's so many anonymous users.
So my, my second fear for you is the amount of distribution
that you're going to be able to have.
So you're going to have to spend a ton of dollars
around brand advertising of like safe browsing.
And, and maybe, you know, enough people get together
and there's a groundswell, but from a distribution point
and from like a verification point, it feels very, very
difficult to consume.
You're trying to boil the ocean from my, from my point.
It's a real good question.
And we have a two system for automatically.
And of course it's work like wallet guard pocket universe
every, every same products.
And, but we have a real patrol who monitoring
and it's our feature.
And yeah, I'm understanding your question.
It's a problem, man.
And I, and I, you know, thank you for going after this
because it's a real problem.
I get the problem, I identify with the problem.
I'm not totally sold on the solution, but you know,
thank you for popping up.
You know, alpha growth grill.
Can you, if you can throw up the links in the nest,
I'll take a check out and we'll check out it later.
Thanks for joining.
All right.
I believe next up was
Hey afternoon guys.
Can you guys hear me?
So I'll get started.
So hi, I'm Ossoff, the CTO of chat.
Can you guys hear me?
I can hear him Joe.
Joe bounce down.
Come on back up.
We got, we got Ossoff.
Ossoff, go ahead.
So I'll start.
I don't know.
Now I can't hear him.
Rug central.
If you can hear Ossoff, can I get a thumbs up?
Ossoff went back down to listener.
Oh, you can hear Ossoff.
Yeah, yeah.
I hear him.
All right.
Let me bounce down and bounce back up.
Ossoff, you're gonna get the pitch again.
I was just saying that I could not hear him.
Wasn't a reflection on anything else.
I hear him in the beginning,
but right now I don't hear.
Maybe I can go next.
All right.
So we're back.
All right.
Who wants to go?
Well, we'll just, we'll just keep on,
we'll keep on running through this.
Yeah, actually, actually I can go with you don't mind.
Oh, go for it.
We got a little, little Twitter rug in there
and let's get this going again.
Go for it, Oleg.
Okay, no problem.
And nice to meet you.
My name is Oleg.
I'm CEO and co-founder of binaries.com.
And in binaries,
we're building an infrastructure layer
for our WA tokenization.
And we currently have more than 8,000 customers
and more than 700K here,
tokenized at the volume for the real estate.
And we solve the most biggest challenges
in the world of the real estate tokenization
and the RWA tokenization.
Find the proper legal framework that allowing us to build
and tokenize almost any asset without any problems
through the new type of entities like DAO LLCs.
So currently we develop a successful platform
and marketplace trading platform
and solution for service companies
that provide in services for the real estate,
tokenized at real estate, I mean.
And we scale in our business.
So that's what we are doing.
Hope everything is understandable.
Yeah, very cool.
All right, so I've heard a part of your pitch before.
Very good.
Where I would start is like,
in terms of this kind of tokenization of RWAs,
you have probably three things
that are coming up as issues.
Number one was supply.
So are you able to get a ton of supply?
I mean, that's kind of like the first part.
Okay, about supply, there is no problems with the supply.
I will be honest with you.
Because the whole property developers and property
owners, most of them is the businessmen.
And those businessmen, when they see demand,
they come in and they use the demand
and bring in supply to that demand.
So it's not a problem from the supply side
to fill our platform with options for investments.
So this is the reason I think it's not a problem.
So let's go to the next thing.
When you go to these guys and you say,
hey, we have buyers on chain
and that want prices to your assets,
it's pretty straightforward.
They're like, great, great, we wanna sell
and maybe we can get a premium for selling it on chain.
Now let's go to the other side.
The other side is, how do you plan to drive demand
for assets on chain, such as real estate?
Yeah, that's one of the most complicated things currently
and that's what we're trying to solve at the moment.
And almost any demand and like any platform right now
who is providing the marketplace services
has that problem, right?
And but when we will see that sharing economy
is developing right now and the sharing economy
from the perspective side, I mean like Uber
or Airbnb solutions are right now like daily routine.
The same will be with other platforms.
For example, like ours, when people are making investments
and there is one big opportunity from the legal perspective
because from the legal side, we as a platform,
we don't own any property that are mechanized
through our platform because from the legal side,
we allowing to people like combine themselves into the DAO
and the DAO and we're providing the infrastructure
for DAO to manage their properties
through connecting it with the services companies.
So we currently see the huge demand for the people
who was not able to invest in the real estate.
So like there is more than 400 million customers
and who are not able to invest in it.
Got it, so how are you gonna access them?
How are you gonna access these customers?
Yeah, so currently it was not be possible
like one or two years ago because there was no
any kind of services like account obstruction here,
C43, 37 and that kind of things.
So we bring him mostly web to users to the web three spades
and by like easy onboarding process
and bringing them more sustainability
and the transparency with the blockchain technology.
So we're tracking them just with the regular marketing
campaigns such as influencers, such as Google
and Facebook advertisement, so that kind of things.
All right, so the pitches we're gonna go against,
we're gonna go and get users the way
that web two companies get users.
Now, are you familiar with like Patch
or any of these other like different companies
that like have these online fractional buying
of real estate?
I mean, there's like, yeah, PropTech,
I mean, there's probably like 80 companies out there
that like in the PropTech space.
What is your unique value proposition
against these 80 other PropTech companies?
If you're all buying for the same web two dollars,
what should you make distribution?
Yeah, the best like our unique proposition
that is on those companies,
people don't own their properties
and they cannot decide what to do with their properties.
On our platform, people are able to decide
what to do with the properties
because we are providing an infrastructure layer
and they decided what to do with DAO.
So that kind of things helping to us,
helping to us like the, as I already mentioned,
more transparent and flexible.
Okay, Oleg, you're not answering the question, man.
And my major problem with RWAs
is that FinTech companies are already very, very efficient.
So the unique distribution angle in here
is like you have to have some sort of unique distribution
and you can say, hey, now people anywhere in the world
can access it.
And then the question becomes,
well, how do you get those people, right?
Like if you're gonna say, oh no,
it's crypto influencers and crypto whales
that wanna kind of hedge their assets, cool.
Like then that's the pitch, right?
And we've seen some growth here.
Then you gotta test that.
But I'm gonna post a link here underneath the space
and to 69 different like billion dollar PropTech firms
that are all buying against the same ads
that you're saying you're gonna grow your company with.
And like to me, I just don't,
I think that's where kind of like it falls apart.
So figuring out that channel that you have
to get new people into the flow
to get access to that property
and what channel like works for you
is probably where I see the main issue in this pitch today.
Do I think real estate is gonna be on the blockchain?
Yes, do I think it reduces like regulatory compliance
and fees?
Yes, I 100% do.
Do I think that's a really, really huge business
just in reducing those fees?
I actually don't think so
because you're not talking about a ton of fees
until like everybody gets on a standard like MLS
in the United States or whatever the other standards are
for other real estate throughout the rest of the world.
But so distribution is the thing that matters.
And I don't know if it's APY or APR and yield
because yield is marketing and crypto,
but effectively if you're competing
with the same marketing dollars
against a bunch of billion dollar companies,
like I'm scared for you.
Yeah, and thank you so much for your scary
and there's so many things that like we need
to figure out, still figure out.
And of course those companies cannot compete with us
because in the future,
because they cannot provide that kind of things
that we can provide with a blockchain
such as flexibility, liquidity, and all that stuff.
So our main goal is not just to tokenize the properties
because we already did it.
And we start from the properties
on like ready for rent properties.
Right now we already developed the product
and we will publish it for the properties
on the construction stage.
But a little bit later with the blockchain technologies,
we will give the possibility for the people
to buy the properties and use it as an asset
more efficiently and allow them
with the tokenization to trade it.
And we already have the secondary market.
But in the future, it's not possible
to create such kinds of mechanisms
like derivatives for RWA, right?
When you have yield from the property
and you can separate the yield from the asset.
But with tokenize that asset, we can do that.
So that's what's matter about efficiency
and what's matter about selling the property
from that perspective.
Tokenization also give a lot of opportunities
because it's saving a lot of time.
And it's given a bunch of like significant improvement
of transferring ownership rights
with the tokenized assets, not just like that kind of things.
And what about the market?
Yeah, and one last thing, one last thing
that what we are providing right now,
the most of the property like PropTech companies,
they are not able to build a network
for the real estate agencies.
But we building right now the network
for real estate agencies also
and allow to any property owner or property developer
and agent and agency sell the like properties
with the small shares.
Hey, so this is this.
Okay, so next time someone asks you,
how are you gonna distribute?
Lean into that.
We have a distribution channel with real estate agencies.
Okay, okay, okay.
Like that's the answer.
Not like, hey, I'm gonna like partner
and go against like a bunch of billion dollar firms.
No, we have sharp elbows, we're rolling up our sleeves
and we're doing the hardcore BD work
of partnering with X amount of agencies
that then we're already helping X
and we're looking at Y and it's gonna generate Z
in terms of property and demand.
Oleg Radney, thank you a bunch.
And I will be honest with you.
Yeah, I will be honest with you.
We already launched two offices,
one in Indonesia and one in Montenegro
and soon we will launch like third locations like Kazakhstan
and that given an opportunity for everyone
to invest like almost everywhere in the properties.
And this is one of the greatest things too
because they don't need to invest in one market
but most of the platforms working on one market
Yeah, absolutely. Without optimization.
Well, keep rolling up your sleeves,
digging ditches, building trenches
and going after those agencies, man.
I think that's a very, very solid, solid play.
When you kind of lean into the infrastructure for agencies,
like it gets sticky and every agency you help
if it's part of their processes, that never goes away.
Yeah. Awesome way to roll up your sleeves.
Rad man, appreciate you popping up here.
No, thanks for joining.
Joe, you got any feedback?
Last feedback for Oleg?
No, just that I'm excited.
I think the on-chainification of real estate
is gonna do the same thing
that Robinhood did to some of those blue chip stocks,
fractionizing Amazon shares, right?
It made more people be able to buy Amazon.
So I think this is a huge step in the right direction.
I'm looking forward to getting to play around
with the app when it's live.
It's already live.
You can join and then make registration
and start using it.
Well, right on.
Always welcome.
Thank you so much, guys.
Thanks, Oleg.
All right, I think we got Captain John next.
Hey, guys.
Yeah, great to be on with you, Joe.
Brian, appreciate you giving me the time here
and to the other speakers and founders.
I love what you guys are building.
Keep on pushing.
Yeah, so came on to talk about Onekin,
which is my company,
and I'm the CEO and the founder of the company.
We've been working in the web3 space for over three years
and have done a number of things,
but for the last two years,
we've really been focusing on how we can address
some of the core issues that we experienced
in building games in the game by web3 gaming space.
And we've been building out a platform
and a tech stack that will be kind of coming out of stealth,
really beginning over the next couple of weeks,
and we're pushing all through Q1 and Q2.
And at the core of what we're trying to do,
one is you hear it all the time that X game
is going to be the game that on boards
the next billion users.
And that narrative gets pushed quite frequently,
but we began building games in this space
and we're a studio ourselves,
but saw so many problems with that narrative
that weren't gonna lead to the adoption that we wanna see
in order to really to drive the space forward.
And so basically what we're coming out of stealth with
over the next weeks and months
is gonna be our first two major products
in what we call the assimilation tech stack.
And basically what we're trying to say is that
don't onboard, which can really is just about
trying to slap on crypto execution inside of gaming.
We need to more deeply immerse gamers into these universes.
We need to make the experiences feel more native
to what they're used to.
We need to really bridge that divide.
And one of the first products
that we've been building out for a long time
that will be coming to market
is a consumer facing product called the One Pass.
And basically the premise of this is
we wanna unify all the different blockchains
and all the creators that are building across it
and basically give access to consumers
to all games across all chains
with a single subscription.
So you can think of it, our first product
as a decentralized Xbox games pass
where basically any consumer will be able
to come to our platform,
begin subscribing on a monthly basis
and receive exclusive content from over 75 partner games
that we have basically under contract
and that we'll be providing set content.
This is across basically all of the major gaming ecosystems
from Solana to Polygon to Immutable X.
Time, time, time.
Cap'n Joy.
Cap'n, my man.
We've talked before, that was rough bro.
I know what you guys are building,
but you didn't get there until like the very, very end.
You gotta like flip that around, like completely.
Sure, sure, sure.
Like it just was, it was,
and I know you have like some NDAs and releases
and things that you can't talk about,
but like what you can talk about,
like gotta like shrink that up and tighten that up, man.
I'm all in for a web three, you know, game pass,
like One Pass, right?
I like, dude, I'm hyped about it.
As a gamer, I game with my kids.
Like I'm super excited about that.
Instead of having to buy like, you know, what?
120 NFTs to play like a hundred different games.
Like it's nuts right now, makes zero sense.
So I think the main problem is,
is that you have a, like there's like three problems, right?
And really driving in, honing in on those like distillation
of those problems is upfront.
And then you come up with a solution and then why you guys?
So the problem, first problem is,
is gaming NFTs are crazy expensive.
So if I want to play the game and have a gaming NFT,
like I have to be super rich, which makes no sense, right?
So that's problem number one.
Number two, there's not really a good way to distribute
like these NFTs and these digital assets
to non-crypto native people.
So that's a second problem.
And the third problem is that you got bridging
and multi-chain like fiasco that there's no way
that like most people are ever gonna deal with that.
So I would quantify the first three parts
about kind of what I said into like the problems
and like really hone into like a 10 second,
10 second, 10 second.
And like the goal here is to get to a minute.
So if you get people shaking their head, yes.
Oh, that's a problem.
Oh, yes, that's a problem.
Oh, yes, that's a problem.
We've built a solution for it.
Oh, thank God, right?
And I know a little bit about your solution.
So this gets a little bit, you know,
behind the curtains a little bit.
And I don't wanna get into that too much,
but I think, you know, 10 seconds on each problem or less.
And then you say, hey, we have a web three game pass
then go into why you guys, like, which I didn't, you know,
I heard about research, I heard about, you know,
some other stuff, doing stuff on web three for a long time,
but I didn't really hear much about, you know, why you.
So it's for me, for me, I'm a growth guy.
So I'm always thinking about distribution.
And is the problem real?
Is the solve, is the solution, does the solution make sense?
How are you gonna distribute it?
And then who's behind it?
You know, that's kind of what I'm optimizing for
most of the time.
So that's my feedback.
Joe, what do you got?
Yeah, I definitely wanna give him a chance
to respond to your feedback, but I do have some other.
Okay, yeah, yeah, that's fair, yeah.
Yeah, sure, no, hey, good, a hundred percent.
I think we could spend hours talking about the problems
that are, you know, in the web three gaming ecosystem
and how the solution makes sense.
I think, you know, a lot of the notes
that you're talking about are more on my presentation
and there's no question passionate about this.
And as my team who, I see one of them on the call
can tell you I'm a little verbose.
So I'll work on being more concise.
Yeah, especially like just with investors, you know,
we've introduced you guys to a couple of investors
in the ecosystems and it's just like getting it down
to like a one killer sentence or two is just,
there's so much going on,
especially as we move into a bowl.
I gotta say, dude, like the amount of attention span
like investors have is like,
it's like the amount of like fruit flies, it's nuts.
And then yeah, I also wanted to just add
more of a question.
Obviously I heard the pitch way back when
and it doesn't sound like much,
but you didn't really give any new information.
And so just personally, I'd love to hear what is,
what's new, when can I use this?
And what does that actually look like
from a first time user experience?
Do I have to pay once?
Is it a subscription?
Is that already moving and grooving?
What does that all look like?
Yeah, as I mentioned, we're coming out of stealth.
So basically the first thing we're gonna be doing
is a web three offering,
basically where the founders pass
that allows basically really the existing space
is who we're targeting with it
to kind of give them that NFT one time buy
gets you access to the platform,
basically in perpetuity and then,
but our platform is built for mass adoption.
So after that, basically that'd be only time
you'll be able to buy like an NFT like that.
Otherwise it'll be a monthly subscription
on your credit card like you would pay
for Xbox games pass, Prime gaming,
any of the gaming service subscriptions.
And then to one of Brian's points as well,
which is the arguably the biggest problem
that hopefully you guys are solving,
which is in order to play a game,
I shouldn't have to pay hundreds,
thousands of dollars to buy an NFT.
So is your game pass going to enable me
to bypass that process?
Because I feel like a lot of these games,
they're still going to want people
to buy that first NFT, for instance.
So how does those two things play into each other
and how are you guys bringing new games into the web pass?
What's in it for that?
Yeah, that's why I call it decentralized distribution,
decentralized Xbox games pass, if you will.
And so, one of the products as well
that we'll be coming out with later in the year
will be a TG for our tokenomics.
Basically, you can hope to see a white paper
coming out over the coming weeks
that details how game publishers and the content creators
basically become part of that ecosystem.
And we distribute the earnings on the front side,
even the ones we've taken in fiat,
based off of the amount of content that's distributed.
So to your point, a lot of games want you to buy that
really expensive NFT and the NFT meta
that the space has grown up with,
with 10,000 piece collections at one E,
that does not work for gaming.
It's one of our core premises.
And so, we're providing a new business model
for games to participate in
and begin generating recurring revenue.
And again, grow user bases from the tens to hundreds
of thousands to the millions and hopefully billions
of people that we want to reach these games to reach.
Right on then.
Cap it, we've got an eighth Denver.
You know what?
I got something for you.
I'll DM you.
Yeah, we're gonna be doing a big activation
with a number of key partners,
including some of those under the NDA at GDC as well.
But keep an eye on Onekin's Twitter.
We're gonna be rolling out a whole bunch
because yeah, as you heard, got a lot to say.
Pleasure has always been, we'll see you in Denver.
Thanks man.
Core disruption.
Hi, can you hear me okay?
Loud and clear.
How are we doing?
Hello everyone.
I'm Galen, co-founder of Emplex.
At Emplex, we're not just creating games,
we're creating experiences to revolutionize
the way we play video games using Web3 technology
with our cross genre, multiplayer trade
and combat simulation game core disruption.
Our journey began with a vision to unlock
the full potential of virtual reality gaming,
but as we evolved, so does our vision,
we started by creating a proprietary simulation sickness
reduction technology,
achieving a 98% effectiveness rates
in eliminating discomfort for players in VR
in high intensity gameplay experiences.
This is something we plan to create value with
even in non-gaming applications in the future.
But since launching our VR game demo,
we've received a lot of feedback from players.
That's led to the expansion of our vision now,
transitioning the experience over to Unreal Engine 5
and being built on the blockchain.
As feedback is also why we're transitioning our game
to non-VR, embracing a play to earn model
with three primary ways to earn through player skill,
time commitment and random chances.
Our game will encompass cross genre gameplay
with total war efforts between factions,
various leadership positions within these game modes
will be held by the respective NFT holders.
I'm excited to be presenting this vision to you today
in a world where automation and AI
are reshaping job markets.
Core disruption offers perhaps a part of a solution.
Our platform provides an opportunity for individuals
to not only engage in immersive gaming experiences,
but also earn a livelihood through play to earn.
Instead of fear around these new challenges,
we can embrace the future where gaming empowers players.
Thank you very much.
I'll be on it.
Can I answer any questions that you guys may have?
So games are a hits driven business, and I love games.
And I think it's hard to kind of visualize it.
And it's really like a, it's a hits driven business, right?
It's like, you know, what are DAUs?
What are, you know, how much time do they spend?
What's like the retention rate?
Like all of those types of game, like gaming metrics,
really, really come important.
And when we qualify from our side,
if we help on people with grants or investments sometimes,
we basically have a series of questions.
And I think this is the questions,
because it's really hard to evaluate.
Like either the game is rad and it like goes viral
and everybody's like, oh my God, I gotta have it.
Or, you know, it's, you know, it's another game
in the vast amount of games that have been created.
So the question that I would just drive into is,
you know, what have you done before?
Like, is this the first game that you built?
Do you have a background in gaming?
Like who's the team?
Okay, I can include that.
Do you want me to answer that now
or is this just for feedback?
So yeah, so I did mention actually in the pitch
that we have built a VR demo and launched it on,
I didn't mention that we launched it on a specific platform
on the Quest app lab.
But that is, and we have a team of 12 people.
So there are 12 developers right now,
some artists and some technical people.
And that VR demo is the only thing we've made
that's in the gaming space,
but we've also created some VR experiences
for some clients as well, just to raise a little bit
of money when we were first starting out.
Okay, so is there any clients that you can like state
or is it all kind of private?
I mean, I don't think anybody here would know
any of them, they're very small,
but there was N3 Technologies,
they had us do a VR gambling application.
How long have you been building VR applications?
Well, we've been focused on just this one title since 2015.
So we've been working on it for a very long time.
Whoa, nine years.
Yeah, we've built a lot of stuff
and most of it has not been revealed, yeah.
That's an intense amount of,
and so you're launching in the Web3 component.
Are you gonna have any issues with Quest blocking that
or is that all kind of all around,
is it like a side load type of thing
or is it easy to get through the store?
The Quest demo?
Yeah, well the demo, are you gonna launch it on the web?
Is there a good place to launch Web3 virtual reality places
or are you gonna have to build a market from the ground up?
No, like I said, we're transitioning the game
to a non-VR platform.
Just VR is too niche still, even though it's getting bigger,
it's still just not big enough for our long-term goals.
We are going to have, because the game is cross-genre,
there's going to be some game modes
that are gonna be playable with VR
and there's some that's gonna be reliant on VR,
but that's not, you're not gonna need it to play.
So, Core, meet Cap and Ja, Jack of Onekin Labs.
He's gonna solve all your distribution problems.
And I could tell you more after the fact,
if you got a good playable game, demo, launch
and all that type of stuff,
there are distribution partners coming.
Games are very opinionated and subjective.
You like them, you love them, or you don't,
and it's hard.
This may not be the best format to go over your game
because it's hard to visualize it
and understand the level of quality.
And something like working on for nine years,
it's gonna be, should be like really, really...
Well, it was at the end of 2015, so...
Eight years.
The demos also was only made in a few months
because that was originally,
we were going for PC-based VR,
but just considering the market conditions,
we just made a push to do Quest
to see if we can get some momentum
built on them.
How many Quest games are there now?
Oh, I don't know.
There's thousands on the app lab,
like the non-official VR channels.
And is this past like an indie release
and then you raise funding
and then you get picked up by another studio
and they kind of license the title
or how does that normally work?
Well, we've been trying to avoid working with any...
We really wanted to self-publish
because just working with publishers is kind of a...
There's problems with that.
But there were...
What was the other part of your question?
It was just like,
some of the marketing budgets for these things
are incredibly, incredibly massive.
So I guess what...
I think to Brian's point,
something like pitching a game,
you probably the only way that it would be easy to resonate
just audibly without showing us a demo
would say, yeah, we've got $2 million in marketing budget
or we're partnered with XYZ,
big gaming studio to release it or something like that.
Otherwise, we really have to see the game.
I would be interested in actually seeing it and playing it.
That's my two cents.
That's always my favorite part
is whenever somebody's interested,
I wanna show them the game
because that's the strongest part of our page truly.
But yeah, no, we're partnering with...
Yeah, marketing has not been something
that's been an issue with us.
So we're partnering with SquareVault with Nathan
that you know.
And we're working on a new marketing campaign.
We're looking to raise $2 million
and about half that is gonna be spent
on the marketing campaign.
Yeah, getting the right KOLs and the right streamers
to get it hyped.
And then against kind of what Kevin was saying before,
a lot of the gaming companies, you build the hype,
you get the right KOLs on board,
you give them a percentage or some royalties or whatever.
And then you sell like...
We had one of our people we were gonna be a client with
sold $8 million of NFTs on Arbitrum
and never even released a game.
So some of this is the marketing community before.
In crypto, marketing community can kind of wipe away
all the problems and if price is continually going up,
nobody cares if the game is even released,
which is kind of like completely backwards
in most industries.
And you guys have a product which is rad.
And so kind of leaning into like teasing out
the speculative juice that you have there
is something that I would really look into.
Especially as you, after you raise a round,
you have some marketing dollars,
really like glean into that speculative juice
because that's what the crypto native people
are most hyped about is, can I get in early?
Is this gonna pump?
Is this the next narrative?
Does this have like the next potential?
And it's just really a really weird different mechanic
than any other kind of like traditional business.
Okay, yeah, I'll try to...
I took some notes and I'll try to see if I can
rework it to focus on what you call the speculative juice.
It's interesting.
Yeah, the pump.
You gotta respect the pump, bro.
You gotta respect the pump.
You gotta get the pump.
We appreciate you coming up here, man.
Okay, great.
Anything else or we good?
No, that's it.
That's it for now.
We'll circle back and have some more chats.
Okay, great.
All right, looks like we got Oluwole.
Hope I said your name right.
Yeah, you're correct.
Hello, guys.
I am Oluwole and I'm the co-founder of Audacity Dow.
What we do is creates access to private
and capital intensive markets through tokenization
and fractionalization.
Basically, RWA reward assets.
The simple way to think about this
is global infrastructure partners for RWA.
For a lot of RWA platform out there,
they are bringing already built traditional assets on board.
What we're trying to do is create our own assets.
For example, we could bring on...
Sorry, sorry, sorry for that.
Our approach is to bring on industry experts into our Dow
to recommend the best investment opportunities for our users.
And the way we aim to do this is to bring on
high intensive assets.
For example, I would make a personal example.
I'm from Nigeria and we need a lot of infrastructures
that the government cannot provide.
So one of our opportunities is to collaborate
with the government and create assets
that is needed by the country at large.
This way, we can share the revenue from those assets
with our users.
So that is basically what we do.
We work on your questions.
All right, so what's the asset that you're most excited about
that you're gonna list in tokenized?
Okay, the asset I'm most excited about currently
is fast trains.
I currently...
What is fast trains?
Light speed trains, sorry.
Like the actual train or the trips
or like the actual hardware?
The actual hardware, yes, yes.
Like I mentioned before, what we plan to do
is to become, I don't know if you know
about global infrastructure partners.
They just go acquired by BlackRock.
What they do is pick each infrastructure
in different areas of the world and view them
based on the research that has been done
by their partners.
So what we want to do basically is do this on the blockchain
by bringing on industry experts
and making the revenues from these assets,
assets, tokens, basically, yeah.
Okay, so you have a physical train
and what is the average train cost?
Well, honestly, we've not done the economics in that area.
I will be honest.
But why not?
You gotta do that, man.
Yes, I will.
Going back to the last talk, the speaker,
like it's the speculative juice.
So we're gonna do an asset, we're gonna bring it on,
we're gonna fund this train.
We need $10 million to fund this train
and then after the train is built and sold to BlackRock,
we're gonna receive $30 million.
And so we just need enough cash flow
to get this train built and put it on there.
RWAs are effectively how good the underlying asset
that you have and what's the speculative juice on that asset.
So if it's real estate, you're talking about a hedge.
If you're talking about BlackRock buying a company
and building these fast trains,
you gotta know the numbers on how much you need
for your first asset, where does the yield come from?
Where does the return on investment come from?
Do you have another example of a RWA
that you're bringing on, Shane?
Yes, what I mentioned earlier is
while currency building starts
and what we like to do is we don't just want
to build on speculative assets,
while currency onboarding industrial experts
that can help us do the proper due diligence
on the type of assets we want to break on.
I have so many personal assets I would like to mention,
the due diligence has not been done through,
the people want to bring into our doubt.
One of the other asset I would mention is
we are a customer firm.
Nigeria is, I'm sorry, they are personalized.
There are really huge opportunities
in so many agricultural produce that are being left behind.
And we want to tap into these areas.
Okay, I'm not too familiar with that.
And do you know what the market of speculation
or commodities trading for that asset is?
No, I don't.
We don't know what due diligence.
Yeah, dude, you got to know your numbers, bro,
because that's kind of like what it is, right?
So I would say in the RWA space,
what you're getting is people
that are like industry experts
looking for more ways to expand and distribute.
Like Oleg before is like,
hey, we're working with real estate agencies, right?
And that's a rad channel distribution partnership, right?
And the more real estate agencies he gets on,
the more assets he gets listed,
the more assets he gets listed,
the more fees he gets token go up, right?
So understanding those numbers
or understanding the channel partners
is like where you have to be.
If you're not directly,
if you don't have the direct experience
of going after any of these individual assets
where you kind of understand
the financial and economic mechanics,
you're going to have to partner.
And yeah, so I think there's,
my number one thing with RWAs is
you have to have an asset that people want to speculate on
because crypto is full of hedging
and speculation and volatility, right?
So it's all about selling volatility.
It's all about selling leverage
and selling more exposure
or shorting and hedging and covering
and doing covered calls and things like that.
So got to understand your assets, man.
But thanks for coming up.
Thank you, sir.
Osaf, do you want to try one more time?
Absolutely, guys, can you hear me?
I can hear you. Yes, sir.
Okay, wow, Twitter is great, isn't it?
Okay, so I'll get started.
Hi, I'm Osaf, the CEO of Chevy,
a platform where we connect
the sneaker marketplace with crypto.
In other words, we're basically the door dash
for the sneaker shopping experience.
Three years ago, we got started.
We started basically with connecting
with local sneaker stores.
And over the course of years,
we connected with almost 100 plus stores
in Jersey, Chicago, Delaware, Connecticut.
Down and others, you know,
like literally struggling with sales
because of giants like StockX, Go,
and they face some really huge issues
such as customers questioning the density
of the sneaker product given the counterfeit market
is worth $509 billion and the top category of sneakers.
Also these stores,
they have very limited payment methods,
mostly cash, a few of them have card options.
And also there's not a single point of buy and sell
except for the large giants like StockX and Go.
At Chevy, we're basically trying to solve that.
From a counterfeit view,
we're kind of like an e-commerce for local sneaker sellers,
but underhood, we shook our first deal
with the scale network, a zero gas fee VM,
to allow everyone to buy and sell sneakers using crypto
with the least amount of fees possible
along with other payment methods.
We struck deals with all the local sneaker stores
that I just mentioned.
We went ahead and verified the authenticity
of all the sneakers and their distributors as well.
And currently we're building our robust platform
and planning a launch by the first week of April.
And our entire plan was to understand
and get our skin in the sneaker business
before we started building our product.
And that's pretty much it.
Would love some feedback or some questions.
Dude, I honestly, I love your pitch.
Thank you, man.
I love the idea.
It's a new asset.
It's kind of like,
yes, there's crazy speculative demand
on a product that's really, really status-driven.
And people will always,
as long as people are procreating in life
and the world will always be playing status games
and sneakers are one of those status games
that we're gonna play.
My only feedback is I have zero clue
how big the market is.
And my biggest fear, but it sounds like you're grinding.
It's pretty big.
Yeah, it sounds like you're grinding
and you're making partners
and you have a distribution channel
and you're just giving them another way
to get access to different capital
so other people can speculate.
And I think it has potential, man.
I just don't know how big the industry is.
It is just pretty big.
It's roughly a billion dollars.
And along with that, crypto itself
has a market cap of 1.5 trillion.
I guess we'd be the first one
to introducing crypto to the sneaker business.
And as I said, we're basically the doer dash
for the sneaker shopping experience.
And also we took care of all the distributions
of partnerships as you kind of reiterated.
So that was our game plan.
And we were really glad that we were going down that route.
And also the partnership with Scale Network
is really amazing.
We have some promised grants down like coming your way.
But I mean, we don't necessarily need it
given that we have the distribution
and also the buyers and sellers in place.
But yeah, I mean, everything on top
or the cherries on top are always beautiful.
I also have a question.
How are you guys getting new sneaker stores
hooked up onto your platform?
Oh, it's so given that we have had
some great experience working with almost,
well, not still be working,
but connecting with almost 100 plus sneaker stores,
as I mentioned, in a couple of states.
So like from word to mouth
or one store having connections with another,
we just go ahead and pitch Cheby our platform.
And they usually are more than inclined
to selling our online platform
because most of them are not necessarily online.
They try to market their sneakers via Instagram,
via Facebook, they burn a lot of money.
Whereas on Cheby,
given that we already have some decent amount of popularity,
they get convinced really easily
to sell an ongoing sneaker marketplace
versus trying to sell all by themselves.
Right on.
So it's a pretty simple pitch.
Yeah, it is.
I'm sorry, I couldn't make it more fancy.
No, no, no, no, no, that's good.
That's rad.
I mean, that's what makes it like you increase your TAM
by getting more sneaker stores.
And there's always gonna be like fashion, right?
So fashion is every three months,
the whole entire industry is flipping
and people are gonna speculate and want to get in.
And that's why I love it because it doesn't matter.
If it's red Yeezys or some sort of Nike exclusive
limited supply version,
you're always gonna have the next iteration of assets.
I like it, man.
And so your go to market is get more partner
with more stores and the more stores you get,
the more supply you get.
And you're helping them distribute in a new way.
And I think in terms of like,
a lot of times you won't even need to ship that stuff, right?
If you have some sort of custodian placement in there,
people can kind of like speculate like NFTs
or speculate with token or whatever back and forth.
It's ripe for crypto.
So very cool.
I would love to connect after this.
Absolutely, man, absolutely.
And I'm gonna take too much time,
but just gonna add this one last thing that I guess,
kind of following up on what Joe asked
about how are we getting new people,
which I guess I can answer,
but I kind of missed one point.
That is that you also,
whenever we're pitching to anyone or any seller
in terms of getting on board on a platform,
we try to pitch the fact that so far,
you have been doing web two.
So transition to web three,
and for that we have a lot of educational videos
and stuff like that.
So if a seller decides to go through educational videos
and learn from it to understand how to actually sell stuff
on a marketplace, on a large marketplace,
let's say if we were Amazon,
but then again, if what if as Amazon,
we were trying to teach people how to do it.
So if somebody goes through that,
it helps them at the same time,
this kind of solidifies our plan.
I mean, if that works out,
it kind of solidifies our plan
of releasing Chevy's own NFTs online,
which definitely at this point,
we haven't done way too much research about it
because that's a spectrum that's yet to be discovered.
But so far, that's our plan.
And that's pretty much what we're going forward with.
And with that, I'm gonna go back to my afternoon coffee.
How's that real quick?
What's your website?
Oh, it's CHEEB.CO.
One more time, CHEEB.CO, CHEP.CO.
Okay, that's hard.
My only feedback would be like,
that's hard to communicate.
I'll drop it in the chat, man, no worries.
Right on, dude.
Yeah, I've actually got a few people
I'm gonna shoot this over to as well.
Amazing, man, amazing.
That's amazing, man.
That's amazing.
Thank you guys.
Yeah, I appreciate you for coming up, man.
See you again.
Joe, I think that's a cool wrap up.
I think we should.
Not everybody, I believe so, yeah.
I did on a win.
And no, it's interesting, like lots of different ideas,
lots of marketplaces, a couple of RWAs.
And we're gonna keep on doing this
as we keep on pushing through and happy bull everyone,
happy, I don't even know what it is that today,
but I've been tech prices today, happy 50K Bitcoin.
And let's keep on cranking
and bringing some more assets on chain.
So that's rad, this has been killed crypto.
We're at 50, almost at 52 Bitcoin.
Joe, you got any closing remarks?
No, it sounded like you might have a crying baby
you ought to go tend to, though.
You know, babies, they're gonna cry, dude.
Happy Valentine's Day, everybody.
I hope everybody's in love, having fun,
go out to dinner, take your loved ones out.
Very cool.
All right, thanks everybody.
We're gonna do it again next week and we'll get some,
so I will say, I'll close your remarks,
Brian Collin, founder of Alpha Growth here,
where we help people prioritize and build tools in crypto.
We had two different ecosystem leads
listen to our kill crypto last week or two weeks ago
when we did it.
And we made four introductions, two companies,
well, three different companies
to two different ecosystem leads.
So I just thank you for everybody coming up here
and we're gonna send this out
to the ecosystem leads we know
and make some intros after the fact.
So keep on grinding, we'll see you next week.
Thanks everybody.
Thank you guys, bye bye.