No-Code Marketplaces & Account Abstraction - The Future of Web3 $VET

Recorded: Feb. 1, 2024 Duration: 0:54:49

Player

Snippets

good evening everyone
I hope you enjoyed those very enjoyable musical intros there that we had for you.
Welcome to VeChain Space.
Very honored tonight to welcome Hacken, Electee and some of our own devs.
We've been working on some amazing technologies that we're going to take you through tonight.
We just recently completed an audit with Hacken, so we're going to be delving into that, into the technology that we have on offer with
Microplace as a Service and Account Obstruction. So yeah, a lot to dive into. Very exciting stuff.
So welcome guys. Great to have you here. How's everyone going?
Maybe we could just start with a little brief round of intros, you know, which company you're from and, you know, what you kind of worked on with this collaboration between
Microplace as a Service and Account Obstruction that we're talking about tonight.
I'll start at the top. Hacken, I've got you first on my list, so perhaps you can open.
Yeah, sure. Can you hear me?
Yeah, that's great. So my name is Maxima. I represent Hacken today.
I'm myself like working on the smartphone security for three years already before I was more involved in development.
And I was a member of a team which was doing the smart contract audits for the Marketplace and the Account Obstruction smart contracts.
Yeah, I think we're going to cover these topics today. I think that's all.
Amazing stuff. Alex, I'll pass it over to you. I see you're next on my screen.
Yes, good evening from my side. My name is Alex Hasikos and I'm the head of R&D at Electric Consulting.
So we are a technology consulting company. We specialize in a number of technologies, including blockchain, have been around since 2017.
And for the last year, more than a year, we're working with VeChain in many projects.
One of them has been the Account Obstruction proposal, which we incorporated and we built smart contracts, which Hacken has audited.
So thanks for having us tonight.
Amazing stuff. And Makis, maybe I could pass it to you next as a fellow electee member.
Hello, everyone. My name is Makis and I'm working for electee as a software engineer. And I worked on the Account Obstruction project on VeChain.
Awesome stuff. Thank you. Ben, I'll pass it to you.
Hey, Jake, you hear me loud and clear? Beautiful. I can hear you great.
Good stuff. Good stuff. Long time listener, first time caller.
My name is Julian Emmerman. My name is Ben. I am the product manager of MAS in the VeChain Foundation.
And yeah, I've been working in VeChain Foundation for a year now, exactly a year actually. We've worked first three today. So happy birthday.
And Neil, last but not least, of course, Forge Master. How are you doing?
All good. Thanks. Congrats. Congrats, Ben, on popping the cherry.
Yeah, I work on the product team in the VeChain Foundation.
I've probably most notably been working on Forge for a good while now.
So I work closely with Ben on a couple of different products. But look, we've got a good few product people in the space now.
And they're all great leading out on various different initiatives.
And yeah, I must say I've been personally working with the electee guys for over a year now.
And they've done some great work and kind of excelled at the account abstraction piece, especially with the work we did with hacking on the audit and the results we got there.
So yeah, it's been brilliant. Just need to give them the proper juice there.
Yeah, good job. I think, yeah, not electee's first rodeo, right? I think we've done some work in the past.
It's always been great quality, so quite sick continuing.
Well, I'll hop into the questions then. So we'll go in a logical progression. So we'll start at the start of this process.
So this is my question to hack in.
Obviously, we had the results recently. VeChain, you performed two different audits on two different contracts, submit to VeChain 4.
Why is smart contract auditing so important for the crypto space? And you're obviously cyber security experts.
What kind of issues have you come across as a result of badly put together smart contracts?
Yeah, sure. So I think generally security is important with our life.
But it's even it's getting crucial when it comes to assets and valuables.
And the thing which most of the smart contracts do is like managing the assets flow, like whether it's NFT or some tokens or whatever.
So when you program the logic, it's really crucial to properly check it and confirm that there is no like tax, there is no backdoors, whatever.
So everything what comes to them, money and value securities is really important and crucial.
And it's like obvious to everybody. And regarding the types of typical issues and vulnerabilities, like let's let's define like three more most like common classes or types of issues.
Like the first one is that like simple and one which is like typos and different kind of like incorrect mass operations, like which is obvious and probably some requirements statement, requirements violations.
This is simple one. The next layer is like unsustainable ideas.
For example, sometimes there are projects which is like like ideas which are like not implementable on this kind of technical level.
They are wrong within the basic assumptions. And the last layer is a kind of really deep technical and economic issues within the smart contracts,
which is most difficult to find and to detect. So yeah, that's shortly.
Yeah, I mean, you guys have been around the space a long time, right? I think I've known for a long time.
So you must have accrued a lot of experience in that time.
So in terms of the process of smart contract auditing, what does that look like? And how did the audit on VeChain's new contracts go?
Yeah, so like the process of the auditing depends from company to company, obviously. And the hacking process was evolving like during the whole history of the company itself.
But what we have now and how the process looked like the audit for VeChain was it was like first the pre-audit stage when we identified just some basic metrics like test coverage, some measures, some really obvious stuff and create some checklists.
If the contract interacts with the third party protocols or not and some other things, then we pass it to the team, which I was member of.
And like the team usually consists of like two members and we do the smart contract audit in parallel.
So we use all the testing methodologies like fuzzing, mutational testing, like we do line by line, code check, and then we share the result and pass these results to the last expert review.
Yeah, and after that the report is finalized and passed to the client. So that's it.
Amazing stuff. And I think it was a 10 out of 10 for account abstraction 9.7 or 9.6 sorry for the market basis service. So could you maybe tell us a little bit more about what those scores actually represent?
Yeah, it represents that like this smart contracts are fully secure from our point of view to use it. And like regarding the 9.7 that basically the score is a bit decreased due to some probably observations of like minor informational stuff which is not affecting the security at all.
It's just about like, let's say, the call style probably or something like that. So like from a security standpoint of view, it's absolutely sustainable and everything is good.
Awesome stuff. Great to hear. Thank you for your insights. I don't think we often hear from, you know, cybersecurity teams, smart contractors, very interesting stuff.
So I'll flip it over to Electee. I'll leave it open to Makis or Alex. Obviously, we've heard a lot about account abstraction and the kind of benefits is going to offer blockchains for security account recovery and other features.
Maybe you could start by explaining what account extraction is for the audience and, you know, how was your experience of integrating this to VeChain?
Yeah, so account abstraction first appeared in 2021 and the idea was to abstract the accounts on Ethereum as they stand. So you have the EOA accounts.
So basically, you have your wallet and then you have your private key, which can be, you know, stored as a as a mnemonic or in any other way.
And then you use your wallet like MetaMask and then you can initiate transactions.
And basically, what account abstraction offers is a way to use conventional authentication techniques, including private keys as well, if you wish to, but you can use other techniques to authenticate to your account and to sign your transactions.
And this mainly happens through a new transaction object, as they call it, which is called a user operation.
So basically, instead of, you know, using conventional transaction objects, this is a new way, which, you know, goes through a bundler, which basically is a service that stands in between yourself and the entry point, as they call it, which we are going to describe a bit later.
And basically, you can you can sign with nonconventional ways and then you can achieve, you know, having accounts in a more user friendly way.
And you also spoke about, you know, account recovery, which is something that is, is to avoid using non obstruction.
So basically, you can split your secret or you are signing key, whatever that is, into, you know, multiple people, and then you can recover later in case you lose access to it.
So mainly, one of the big benefits of account obstruction is to make access to the blockchains more, you know, realistic and more user friendly and closer to the conventional way people know about.
So, you know, web to when you authenticate using username and passwords. And another feature of account obstruction is that you can have multiple wallet types.
So basically, if you want to become a wallet provider, you can write your own smart contract, it has to be a certain interface that is specified by the standard, the proposal, and then you can implement your own authentication techniques.
There is a technical aspect of account obstruction, which involves another smart contract, the entry point, which is basically the gist of the work that we did with VeChain and with Hacken.
And basically, this is a singleton smart contract, which any user operation that gets constructed by the user and gets passed to the bundler goes through the entry point. So it's super important that the security of the smart contract is audited.
Perhaps another thing that I can mention about account obstruction is that it encourages, it allows actually interoperability between blockchains. So you can have the same wallet, the same way to access your wallets in different blockchains.
So you can do it with the material, with VeChain, with any other blockchain. So it is actually something that has been encouraged a lot.
And lastly, another aspect of account obstruction is the paymaster, which basically allows paying using other means. So, for example, you can pay your fees using other tokens.
For example, you are C20, so you no longer have to use Ethereum or VIFO in the case of VeChain.
Yeah, so that's pretty much it. It's a huge thing, in my opinion. It's a huge initiative to implement new products and new ways for people to access the space easier. I don't know if Marcus wants to add something to this.
Yeah, I can talk about the integration with VeChain. So the work in that aspect had two main components. The one, as Alex mentioned, was the bulk of the work, which was to modify the entry point to work with VIFO because VeChain has a two token design.
And the other aspect was in the bundler and in the client, which in our case was startup. And we had to make some modifications there, since VeChain uses a different hash function, thus the signatures are different and good. And yeah, this is the work we did.
Amazing stuff. I know from my own personal conversations with enterprise clients, BCG, etc., this concept is really key at the moment. You want to use an application, people expect that very familiar login process.
And I think account abstraction is going to be a really kind of important tool for helping facilitate that more intuitive onboarding process for the real world. Let's say I'm air quoting. But yeah, I think it's a great, great kind of addition to VeChain. So it's amazing to hear that it's kind of all coming together.
Neil, I'll pass it to you. I know you're tech whiz, of course. Maybe you could highlight some of the top use cases for account abstraction as you see it. And what kind of impacts do you think it could have on VeChain?
Yeah, thanks. I guess I'll answer your question in a roundabout way and I'll kind of draw on what both Alex and Mike have said there. What account abstraction gives for VeChain and what probably a lot of people here will latch on to is the interoperability side of things.
The account abstraction brings a new transaction model called a user operation or a user op. This means that any client that's interfacing with account abstraction is going to emit a user operation transaction model.
And then that gets sent to the bundler and then it's the bundler's job to kind of translate that into the chain specific transaction model.
So look, this gives a huge kind of entry point for VeChain to be interoperable with other chains.
So that's the idea. We've kind of used that as the premise for the integration. There are a couple of different implementations of account abstraction, let's say.
So the one we've chosen is kind of the approach that's taken by StackUp and I love the idea is to kind of connect in with one of the biggest offerings implementations out there and maintain interoperability with it.
With the idea then that, for example, to kind of touch on the top use cases, the idea here is that while it's a kind of clunky in the sense of the web tree world, you need to self custody, you need to own your identity and own your tokens and your NFTs.
So it's a barrier to entry. It's clunky. It's kind of what is this? What's a seed phrase? Why do I have to look after this? What can I share? What can't I share?
We're not going to get mass adoption with these sorts of challenges, whereas with smart contract accounts and things like social logins where you can log in with your Gmail account, your Google account, your Facebook, whatever social media.
Item it is.
Barrier kind of hurdle, hurdle, overcome barrier, overcome, you know, now you're in, you know, now you're in the blockchain. Again, you could do your your first transaction in there. So all I need is an email account.
I verify I put in a password. My my wallet is created and never can, for example, buy an NFT or buy a token and with fee delegation or at a DAP level, I wouldn't even need cryptocurrency to begin with, let's say.
So be that a game or be that some sort of social kind of web tree, social media aspect. Again, I'm I'm engaged. I'm doing transactions. I've got an account and I don't need to manage a seed phrase.
I don't need to know what a private key, a public key is. And I don't need to hold any cryptocurrency on to begin. Like, obviously, the idea would be then, OK, now you're in. We've got your hooked.
Like, let's get to let's get you funding that wallet and buying, you know, buying buying tokens and engaging and forming part of the community.
So that's that's how we hope, you know, we obviously can't make that happen. We hope we'll drive in that direction and drive towards that level of adoption and interoperability.
But like, look, it takes steps and use cases for that. But so, for example, you know, like exoworld, you know, they could have a smart contract wallet.
They could have a smart contract factory that is a specific wallet in exoworld and that allows them to that allows you to kind of join join that community that that game start doing some some actions on chain.
And then you're you know, you're you're in and you've you've separated your wallets, you know.
So, for example, I might have an exoworld wallet that I log in with my Facebook account or I might have a DeFi wallet that I log in with my Google account and keep things separate.
So from a privacy, from a security aspect, there's there's those bits there as well.
So you could almost think it like you have an account per per dap. And then the social recovery obviously is a huge, a huge barrier, like not your keys, not your coins.
So if, you know, if you lose your if you lose your C phrase, you're you're gone, nuked, game over.
So that's that's risky. But with smart contract accounts, you know, there's there's social recovery mechanisms that can be baked in there into the into the client.
So, again, there's less there's less risk. You know, it brings the brings the risk rating down and allows more people enter into crypto.
And then you've got, as Alex was saying, you know, fee delegation through the the pay master.
So that could operate fee delegation specifically for the clients. Again, a model here could be that.
OK, let's say there's like to touch on another one like World of V.
You know, I know they they they already paid a gas fee, but for argument's sake, they could say, you know, well, look, you know, people are going to start paying gas fees.
But if you you know, if you if you're holding a Genesis card, you know, you don't have to pay gas fees.
For example, you can you can build in these mechanisms. So it's it's it's it is extendable in that way.
And then, as as Alex said, as well, you know, you've got to custom gas token.
So let's say, for example, you've got you've got that, but you don't have feet or, you know, a pay master or a bundler might say, well, you know, that's fine.
That's fine. Pay me and pay me in that. They'll do the conversion of the vet to veto or and, you know, you only have to hold one token or it could be XO or it could be World of V.
It could be anything, you know, this and this allows these tokens to, you know, to add on utility.
So if you're doing an atomic swap on safe haven, you know, you you could be paying in that native token, the gas fee and the bundler would just be converting that to veto.
So there's a lot there's a lot of aspects to it in terms of it gives utility, social recovery, security, interoperability, adoption.
I'll stop talking there, though.
That's fantastic. I mean, what a monologue. You opened on a very compelling point.
I think you're right. Like a lot of people would have picked up on myself included the interoperability element.
I see data down there. We've discussed, you know, the RPC node set up a few times.
And obviously there's that little bit of mostly there, but slightly different kind of nus to be changed.
So I think having that kind of interoperability through this design will be, you know, very gratefully received as well.
I mean, it sounds very exciting, like it's opening doors to all chains.
It's very cool. Very cool. TLDR. Very cool.
OK, amazing stuff. Yeah, great job, guys. I wish I, you know, could code.
Alas, I'm but a wordsmith like for like one side here is like the kind of I don't know part of part of my vision here could be that in the future you could have
you could have
an NFT marketplace and instead of this, this, you know, if you're if you're using Ethereum mentors, the multiple chains and, you know, OK, which chain do I buy it on?
OK, I have to switch network and like that can all be abstracted away through a marketplace adopting account abstraction and just listing all of the items.
So you might like, look, generally speaking, a lot of people don't don't don't care what chain an NFT is on.
What what what chain a piece of art is on. They like the piece of art. They want to own it. So they want to buy it.
If if you're told, well, you can't buy it because, you know, that's on that's on Arbitrum.
So, you know, have you sent funds over to Arbitrum? No. OK, we'll do this. And then you'll get your funds over there.
And then you can do the transaction with a with a marketplace that has account abstraction.
And you could just see the piece. You could see the piece of art, the NFT.
There's a little icon that says what chain it is on, perhaps for those who care.
But for the people who don't care, which I would say is the mass majority of people, they can just perform a transaction.
Sign in, which are signing with your Google account. I like I like that one. I'll have that.
Thank you very much. And you pay with you pay with any token that's in your wallet.
And, you know, again, there's integration with on the client, the smart contract client.
That is there may be an NFT view function and it just has access to an explorer on each chain that the client supports.
And you can just see all of your NFTs across all wallets and you can do transactions via that without having to switch chains.
You know, it gets rid of all of that. That's amazing. And then it is a case of essentially efficiency kind of winning out at that point.
Well, that's a very nice segue because of course we have tonight the topic of marketplace as a service, which is a product.
I know the team's been working very hard on that is something pretty innovative and groundbreaking in the space at large.
So maybe we can tie into counter abstraction at a later point of the question. But Ben, hello.
It's your time to speak. Finally, I know you've been basically leading or playing a very prominent role in developing the marketplace as a service product.
You know, maybe you can share more with the community. What is it exactly?
Yeah, absolutely. And I guess it kind of feels at times like it's a kind of self-driving Ferrari and I'm just holding on as such are the developers that are working on it.
But yeah, look, what is mouse? I mean, it's a white label enterprise marketplace platform.
Really, it's a solution where we'll be spinning up marketplace instances and hosting them and having them on our platform.
It'll give, you know, community projects as well as enterprises the ability to seamlessly deploy and operate a marketplace, should reduce the barriers to entry into the NFT space, hopefully in V-chain.
And yeah, some of the kind of core features that we looked for at the start when we were going through impact maps and building the product vision were, you know,
customizability in terms of look and feel for a brand and project to be able to, you know, set their brand colors, their logos, their fonts and everything like that.
Obviously, admin features as well. It's going to be a kind of managed marketplace. So an admin deciding what contracts are being ported into the marketplace to sell and what earns.
Web2friendly, which is a big thing when we're speaking about enterprises as well, and Neil in the village just gave a very compelling, you know, monologue or discussion about account abstraction and really how it's, it hopes to make the process around managing wallets and interoperability more Web2friendly.
So for us, for now, where we are, we're going to have an integration with a company called Web3Ot and they'll be managing the kind of social login element.
But it's a feature that we'll have essentially. And yeah, other features like we'll have settings on the collections to make the more kind of e-commerce or marketplace specific kind of locking down secondary sales.
Crypto and feed friendly. So we've got a partnership as well with a company called Fonzact on offer. So we're currently in the process of integrating their NFT checkout feature as well to enable buying with card directly, which is which is cool.
And yeah, fidget support and kind of experience support. And hopefully it'll be pretty intuitive. And while we're on the point with hacking as well, secure, you know, and I must say just a tip of the hat to the guys.
When we went through the audits, you know, I think it's fair to say we're building a bit of a partnership of hacking now at this stage.
And, you know, everything was really, really, really professional, flowed exactly how they said it would flow and go.
And, you know, I think we upped our score from kind of under one from the original final reports during the remediation check where they stepped through and really kind of gave us some intensive help for 10 days.
And we got it up to 9.6. And on that, really, the only the only marks that we lost was was in test coverage, you know, security scores 10 out of 10 and co-quality 10 out of 10.
So, yeah, big tip as well.
That's a dumb man. I mean, you know, expect nothing less from the big brains that we change.
Very cool. I mean, so I've had the question, you know, people are curious what I guess it's kind of an ethereal term, right?
But what is a marketplace and what kind of scenarios are we anticipating it's going to be used for?
Yeah, I mean, a marketplace is really where you sell, right, and where you trade and where you exchange.
So, you know, that that's the idea of a marketplace, right?
So in terms of building on to, let's say, a project that Neil was very involved in and leading is Forge, which kind of creates our contracts.
The next kind of obvious step then is giving the community and enterprises the place to then sell, say, contracts and NFTs.
So that's kind of the overarching concept.
And then in terms of use cases, I mean, there are many, many use cases for NFTs and many innovative use cases, like we've even seen a V-chain with the guys in where the V and the jack of the rack, one notable example.
But there's a lot of PFP projects, you know, that could leverage it with three artists, you know, there's NFT loyalty programs, community engagement tools and, of course, then fidgetles as well, right?
So it's...
There's many use cases out there.
In terms of one use case to note, you know, an enterprise that will be the kind of first delivery of a marketplace will be a motorsports team.
I won't say too much more, but we're aiming to go live with them in March.
We've kind of been working like hand in glove with them for the last couple of months, really kind of getting some requirements and then trying to build that into a product as well and not kind of going down the service route.
But, yeah, so it's exciting times there.
That is, yeah, super cool.
I think great to have an enterprise partner out the gate and obviously in this sport, you know, field without going too far down the rabbit hole.
Yeah, I think fidgetles in particular, like a very big kind of interest for people seeing that real world digital hybrid.
Like, could you give any insights on how they kind of use the journey looks in that regard, you know, with visuals, marketplaces, service, how that might look?
Yeah, absolutely.
I mean, look, fidgetles have been a kind of core feature of VeChain and VeChain Tour for quite some time.
And I think it was a really innovative feature of VeChain that other layer ones and maybe other projects and layer ones weren't really thinking of and doing when VeChain were so on and projects at VeChain were looking into and doing projects with them.
So it's definitely something that's quite native to our ecosystem, it says.
And even this week, you know, I got a demo of World of E's new tokenization platform and that looks great.
And that's a kind of real game changer for fidgetles as well, right?
We want to have a couple of these platforms and tools within the ecosystem that people are going to be able to leverage and use.
And yeah, it looks great.
So in terms of mass and supporting, you know, for the first release, again, we always make trade-offs and we always kind of have to get to market, you know.
So there's always trade-offs on the product side about, you know, what we can do and then iteratively building on top of that.
For, you know, the first release, it'll be fidgetle support, you know, where we'll have recommended supplier and, you know, NFT chips will obviously be able to be paired with redeemable E or C721s that'll be able to be created through Forge.
And on the marketplace itself, you know, it'll have a setting that you can configure whether a collection or NFT is a fidgetle or even a kind of experience, you know, anything that's redeemable in a sense.
And yeah, so that will kind of offer additional features for that NFT and will enable a user to redeem and go through that flow with the enterprise as well.
And then after a fidgetle or an experience has been redeemed, obviously it's important to flag it and notify it on the marketplace as well.
Just if there's secondary sales and people are buying, selling and trading that, you know, there'll be a mark there to say that it's been redeemed already.
But for MVP, we're not going to be actually minting fidgetles, let's say, on the platform.
And like I said, we'll iterate over the course of the next couple of months and we'll definitely look to embed fidgetles more into the product kind of more natively.
But yeah, that's where we start from.
Awesome. Yeah, it makes sense. I mean, you've got to launch the viable first and obviously add things on the top.
I think it's, you know, it's a great discussion because it's kind of obviously VeChain has always been based around, you know, lowering the barriers to adoption, like working with enterprises via toolchain at the time and all these things that kind of took the blockchain out of blockchain.
And now with marketplace and service, account abstraction, Forge, like you're really seeing this suite of products that are just perfectly positioned to kind of allow people to just plug in play.
There's no overheads, there's no transaction fees, there's none of this jargon associated, like it's such a powerful product suite.
You know, it's very kind of cool to see this direction.
And of course, you know, we are the team working very hard on a lot of stuff at the moment, a lot of stuff, dot, dot, dot, which, you know, again, I'll keep it non-specific.
But how are these features feeding into our kind of goals as an entity?
So obviously, you know, we're working with BCG closely on sustainability and a lot of the X2N stuff, you know, how are these kind of feeding into that grander goal that we've got going on at the moment?
I see Connor laughing. Connor, you'll get updates on Sunday, don't worry.
Sorry to tangent on you, Ben. I put that to anyone, sorry. I suppose specifically Ben O'Neill as the VeChain team.
You'll have to kind of repeat the question there. I was kind of listening, but I didn't catch the actual question itself.
That's fine. That wasn't really a question so much, it was a bit of a ramble, so understood.
I'll start again. Essentially, I was summarizing, you know, Forge, marketplace as a service, account abstraction, VeChain is kind of continuing this theme of taking the blockchain element out of building on blockchain,
which, you know, amazing to see this innovation kind of unfolding. So my question was, with all these tools and kind of features that are helping people kind of seamlessly build,
how is that fitting into VeChain's goal of, you know, sustainability, X2N applications and so on?
Look, it's all about reducing the barriers to entry. So, you know, more people will be able to develop and enter the web tree space and use kind of web 2 skills and knowledge and not have barriers to entry.
So like, you know, a large part of what we're focusing on at the moment, our mission set out in the white paper 3.0 is sustainability.
You know, it's an open cause. It's a large focus for the world in general. So that's what we're focusing on to try to deliver.
And we believe web tree can play a big part in this by incentivizing individuals to take action and be it like a small action each day or just being able to catch and kind of catalog information on chain that proves that you've done something sustainable
or something for the better of, you know, everybody.
Love it. I mean, yeah, very excited, obviously end of the month, lots of stuff to share with the world, which would be amazing to bring to light.
But yeah, thanks very much for your time, guys. I think we've drawn to the end of the question sequence.
I'm going to put it to the community if anyone wants to raise their hand and ask a question to any of our guys here. Now's the time to do it.
So I'll give everyone a few minutes to let you think of those questions. But yeah, great space, very exciting.
I mean, I think marketplace is a service. Everyone's heard about it for a while now and very kind of keen to get their hands on it.
Ben, could you possibly allude to any time frame? I know time frames and software not always, you know, things there's always expected delays.
I mean, is there a rough time frame without pressure? Yeah, yeah, absolutely.
There's always that question and the community want to get their hands in it. And of course, that's that's that's that's good.
It's good. It's good. It's good. It's drawn up excitement. So like I said, we'll we will be going live with a with a with a marketplace in in March.
And that'll be kind of beta testing or beta version and kind of live testing, if you will.
And like, look, we're we're hoping to be able to spin it out to the community community then in a in a public kind of community offering a couple of sprints after.
So six or six weeks, probably after eight weeks after. So yeah, yeah.
Amazing. So hopefully, hopefully, yeah, Q2, hopefully at some time, it'll be it'll be available for for for all or anybody.
Fantastic. And yeah, great synergy, vorge and marketplace as a service meeting in the middle.
Okay, I don't see any requests. So I mean, if there's no request, I don't want to keep everyone hanging on in silence.
I mean, I'll give another minute, but I think we've covered the basis today.
You know, great work, everyone here.
I wish I could contribute. I mean, it's super cool to see coders in action. Definitely not my forte as a wordsman.
But yeah, we don't seem to have any more requests for speaking.
So I think we could probably call it a wrap, guys. I think that's probably good enough.
Probably probably work on outside.
Just just worth mentioning that the grants that the new grants program that's out there and how people can look to look to participate with, you know, with a bit of funding.
A bit of funding never never hurt anybody. So the grants 2.0 is out there so people can can look to get a bit of a handout, a bit of a helping hand, let's say, in entering the world of of of web tree and like like we've been discussing the tools are there.
We're trying to build for the community. And look, the this gorge is there. This course is there.
And Jake is there in terms of people reaching out with ideas, improvements.
The public repos are there as well. If people have ideas, you know, let's say engage and like look, it's we're building for the community.
We're here for the community. So the idea is to, you know, if you if you guys give us give us ammunition, you know, we have a direction.
We have an understanding of where we want to go. But the community is a stakeholder here. So if you guys feed into it, you know, you know, we can adjust our roadmap and hopefully achieve a common direction.
That's a great show. Actually, we had our first VIP bounty grant recipient recently that Mike for his kind of contribution to the documentation.
So again, that's just kind of highlighting like there is a $100,000 fund set aside for inviting people to contribute ideas, essentially, you know, to the betterment of the ecosystem, the protocol, the documents, you know, inviting people's input.
And of course, Web3, that is the spirit of so, you know, it's great to see that kind of go through and others in the works as well.
I know for our discourse, so not discord discourse, there is a place, VeChain Discourse as well with devs.
You can chat with VeChain devs if you have ideas, etc.
Yeah, and on the grants, just give you the quick TLDR, we re-launched the grants program and it's got multiple tracks now.
Business and sustainability up to 100K. We've got marketing grants, which is focused more around the kind of, you know, IRL activations, which I know Connor and Andrea down there.
I can see you guys. They both were kind of recipients of this preliminary version of the program last year.
They both did excellent work taking projects and doing activations in Europe and the US.
And then a formalization of this microgrants process, which, again, is for kind of smaller scale stuff.
And I've spoke to a few projects who just need that little bit of help getting over the line for an integration, let's say, with, you know, AWS, some cloud server work.
They've already done, you know, the various kind of building bits, but they just need a little bit of assistance.
So, yeah, VeChain is here for you, basically.
We're trying to put all the tools or the funding in place to make sure that you have what you need.
So, yeah, I think that wraps it up.
I see. Oh, we do have one request since we've got World of V. All right, perfect.
World of V, I'm inviting you up.
Welcome to the stage, Mr. World of V.
Hey, guys, good evening. Good evening, everyone.
It's Vethvira here.
Well, I mean, what to say?
I'm really happy, you know, to hear about all the progress that has been happening.
I think it's very important for our ecosystem.
As you know, we've been here since the beginning, building nonstop, and it's nice to see all these pieces coming together, you know,
building from boards, then with marketplaces of surveys, and then with the payment gateway for NFTs.
I think it's very important, you know.
It's, I don't know, it just gives me a lot of confidence to, you know, keep building, keep pushing the boundaries.
And I don't know, it just makes me feel that we are preparing for the next wave of, you know, adoption and the users coming.
And one last thing, I mean, like really big shout out.
We did, again, the application for the grant.
As you know, we applied a while back, I think it was two years ago, for the grant.
And, wow, if it was complicated, that was hard.
We did get it with time and I'm glad.
I'm glad for the support that VJN has given us.
And this time it was so simple.
So, like, really, guys, if you are a builder, I do suggest you give a shot, do the application.
It takes five minutes. It's really simple.
And I don't know, it's great, you know.
It's good to see that the foundation is listening to the community and, you know, adjusting all those things.
So, yeah, guys, well done.
Yeah, let's add on the Grants 2.0 without it or kind of, it's just form based now.
So, you don't have to have GitHub, you know.
I know the majority of devs will have a GitHub anyway, but it, again, removes a barrier to entry
and opens it up to other people by removing the necessity of doing it through GitHub.
Absolutely. That's the rationale.
User friendly experience. I mean, yeah, great to hear the feedback and I'm glad.
We actually, you know, as an inside line, we already had, like, you know, a bunch of applications,
which in and of itself shows the kind of visibility increase that came from this transition.
I mean, yeah, I think that's a great thing as well.
We want Vchain to be in the layer one narrative, obviously, and the fact that people are seeing all these tools, sorry,
and these grants and understanding what's actually being built has obviously a phenomenal thing.
And we can go into it more on Sunday. I don't want to do rather space with Connor.
Connor's doing the Vchain update space along with Mikey down there and Ferg, not sure if he's listening.
But yeah, lots is coming. Obviously, we're putting the foundations in place for, well, for mass adoption rate.
So anyway, I won't do rail now. Connor knows I'd have a tangent.
But guys, phenomenal space. Thank you so much for spending some time at your evenings to come and talk about your work,
the audits, the kind of integrations and products we're building.
Yeah, it's always fascinating to hear. So thank you all very much for your time. Greatly appreciated.
If anyone's got any final words, feel free to share them now. Otherwise, I shall round it up.
I guess just say thanks to yourself for hosting and hacking for the audit and the great work that they've done
and the guys at electee. And, you know, it's, I don't know, it's very late for them or it's probably even early morning for them.
So thanks very much for joining, guys.
Yeah, thanks all. Stay secure.
That is a bit out of it.
Lately obliged to say that.
Brilliant. Yeah. Thanks, everyone. Take care. Have a great evening wherever you are. And yeah, let's go.