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Packet ($PKT) Community Roundtable Live
Recorded: Jan. 15, 2025 Duration: 0:58:16Space Recording
Full Transcription
what's up everybody welcome to the the PKT Packet Community Roundtable Live. We got a really exciting show for you guys today. Excuse my voice, I'm a little under the weather. We have our friends from ApeFlix on the live today. We got Josh Berger, Caleb James Delisle, and my name is Jeremy Berger. How are you guys doing?
Doing good. Doing really good. burger caleb james delisle and my name is jeremy burger how you guys doing doing good doing really
good oh good thank you yeah happy to see uh markets are in the positive today so that's always a good
feeling when you wake up yeah when's the inauguration is it the 19th or 20th it's the 20th
the 19th or 20th it's the 20th no big day yeah big day for uh for uh yeah crypto well we'll all
we're all ready for it so um but uh but yeah we're excited for everybody to be here today
um if you're just joining us if you can hop on to x and do a repost, share it with your communities. Let's push this thing far and wide.
And yeah, I know Josh has some pretty exciting announcements.
There's a lot of cool things happening within the ecosystem.
And yeah, I'd love to dive into the collaboration with Apeflix.
But maybe, Zach, you want to do a quick little intro on who you are
and so that our community kind of get an idea.
Yeah, well, thanks for having me, first of all,
and obviously very excited about the collaboration that we're working on.
I'm the CEO of Aplix.
I have a decade experience in the film industry.
The first half of my career, I was head of digital,
one of the UK's largest distributors,
managing a library of over 1500 films, forging partnerships with all the major digital platforms
and then before that, or should I say after that, I transitioned into international sales so I would
attend all the major film festivals selling content and nurturing a
global network of buyers and distributors which should put me in a perfect place to deliver what
we're trying to achieve on 8flix which is the first premium advertising video on demand application
on telegram so fusing meme culture with blockbuster movies and rewarding people for watching the adverse
in between the content awesome that's really cool yeah it's fantastic kind of fits perfect in with
what uh what we're building with the uh with the hub and uh all the um you know amazing stuff
that's happening right now so yeah well i know you guys have some good pedigree in the film industry as well so very excited to work together yeah no definitely i love what you're
doing and um and yeah just people that are trying to be disruptive on the way that content gets
distributed i think is super important yeah bear bear with me real quick. I'm going to go push this out to
our community. Josh, why don't you kind of jump? Yeah, yeah.
Yeah, well, I guess we can kind of get into the big
announcement today, which is pretty exciting stuff. We've
been working really hard on building a use case for the packet network and you know when we first got into
this space uh you know i as you were saying you know my background's in the film business and that
and being able to really change the way that content gets distributed has been a big passion
you know just being up making these films seeing how broken the
film business that i love is um and uh and and and the requirements that are needed to be able to
just change the way that people are consuming content and the whole entire kind of space has changed, but the business model hasn't.
And people are very stuck in this old business model.
And so that's been really exciting for us is to be able to change the way that this business model works.
And we've been really just trying to figure out how to do that.
really just trying to figure out how to do that. And it's how we ran into Caleb so many years ago
was trying to figure out if you're going to go disrupt this business, are you going to do it
on the back of Amazon? Are you going to go and disrupt Amazon by using Amazon's technology?
And so we had always just really sought out another solution
and that had brought us to find Caleb hidden in France.
And so obviously the network had to be built
over all these years
and there's been incredible expansions
and this movement over to base
has really given us that facility to
incentivize the growth of this network and all the technology that's been built over the,
you know, the last years. And so today, what I'm really excited about is we've been building the Packet Hub, and this is an ecosystem for discovery where people can find these amazing streaming platforms, can find amazing gaming and music and movies and all these platforms that attempt to be disruptive. But if you want to be able to reach audience, you have to go through
these major incumbents like Apple and Amazon to be able to even just get your platform listed.
And so what we've been building with the Packet Hub is this ecosystem for discovery where high tides can rise all ship and um and you know a a flicks
has their community and you know other streaming platforms have their communities and together we
can all come together and really be a beacon for change um so before i go and release that
jess do you have any anything you want to add to that? Yeah. I mean, you said it perfectly.
The hub has definitely been a passion project for us for many, many years at this point. And this
is really just the visualization of that reality. And the goal really is to provide an alternative, you know, Apple TV like experience.
And we'll talk a little bit about some of the features and functionality of this hub and also
some of the roadmap around it. But yeah, the vision here is that there is obviously the majors,
you know, if you have the opportunity to be distributed by a major or to work with one of the most dynamic and frequented media platforms, even if it's like YouTube, there's a lot of YouTube creators making millions of dollars working with YouTube.
So they're not going to be eager to go move to another platform and start over. But for the people who don't have these same opportunities as the
incumbents, or don't have access to the incumbents in the same way that some of the other major
players in the game do, there's a lot of really, really powerful up and coming opportunities out
there. And so this was a way to both highlight on the discovery side of things for people to find those platforms,
but also to empower the content creators to have alternative distribution opportunities
where there's better economics, where there's better opportunity for being discovered.
Because even if, for instance, you do get on a Netflix or Amazon, it's like,
how is anyone even going to find you there and and so there really is a huge opportunity for bringing forth
and highlighting these platforms projects entrepreneurs that are passionate about making
a change and the CJDNS network and and where packet network is now going provides the backbone for this type of project to be realized.
And now that the network is growing, you know, it's the perfect time to start actually bringing forth utility.
It's really interesting that you mentioned Amazon because we all know in the industry that they have a essentially a black box
algorithm i was brought into a room about four years ago by amazon to say you're in our top 10
distributor list now so we will push your content ahead in the algorithm ahead of your competitors
that aren't in that top 10 list so what you're
talking to for me as a distributor just makes complete sense because if you're not in that top
10 and you're not going through one of the big boys how are you going to get found so this is a
fantastic opportunity for content creators to get their name out there yeah totally. All right, Jeremy, you want to pull up the hub? Yeah, so this is the hub. This is actually on top of the packet network. And so the way been building, what the community has been staking
and running CJDNS infrastructure. This is utilizing staked domains. And so this kind of
encompasses what is possible with the packet network. And that's what's been so exciting about this is we have the active
community that's engaged in creating this whole network. And on top of that network, you can build
whatever you want. And we've really been leaning in to creating this ecosystem for discovery.
And so if you look at this page, you can see that there's multiple categories
and these categories are the different places
where you can find the stuff that you're interested in.
And so on the homepage here,
we have a what's hot and a what's new category.
And so this is a place where you can discover
what's hot and what's new and be able to find new projects that are in a variety of different categories.
And so if you go to, for instance, the media category, you will be able to see all the different media platforms in that category as well.
And you're going to see the platforms that you're
used to as well. And the whole point of this is not to just say, hey, here's all the stuff that
you've never heard of. It's to be able to put the stuff that you've never heard of next to the stuff
that you're familiar with so that you can have a central place where all of that's possible.
so that you can have a central place where all of that's possible.
And anybody that has a platform can submit a channel
and they're able to upload their information and be able to join the hub.
And so this is an ecosystem where you can take your platforms
that you're passionate about, that you've invested time, money, effort into, and you can go and put it
into this ecosystem and become discovered on a global basis. Yeah, there's a couple other really
exciting features of this that directly relate to the packet cryptocurrency. And we'll talk a
little bit about that in a moment but I first just wanted to go
through the categories here and give people an understanding of you know why these categories
were included of course this can scale to additional categories but the the basis was to
identify a couple key categories that there's a lot of innovation happening in and whereby these
platforms are also ways for people to engage that can really benefit from the global access of the
cjdns and packet networks global accessibility and kind of also subverting some of the geofencing now
we know that geofencing is super important
for content. Exactly. Coming from the foreign sales, international distribution side of the
business, you know, that, you know, regional distribution is key to that business. But the
other side of regional distribution is that it also limits distribution and you'll have people
getting distribution rights in certain
territories but then there's places in the world where that content isn't accessible and that's
that's super unfortunate especially for people who don't land uh you know a major global distributor
obviously if your alternative was to get global distribution you would take it and then if you
don't get that you kind of don't want you know you need to take global distribution, you would take it. And then if you don't get that, you kind of don't want, you know, you need to take regional distribution so you can make some
money, but it's like, you obviously want your content to be viewed around the world. So being
that the CGDNS network is globally accessible and doesn't use, you know, geofencing, there's
an opportunity for content to truly be discoverable on a global basis.
And so from a category standpoint, we have media.
Media, this is like film and television.
So you'll see platforms like Netflix and Amazon here,
but you'll also see a platform like Monster Children, MCTV right there, Monster Children Television, which is distributing content
mostly in the action sports space, but it's starting to get into some narratives, has a
wonderful platform with pure play revenues. So, you know, very compelling value proposition for
people looking for distribution, how you can actually get access to a platform where your content can be not only
accessible, but where there's a paywall and you can make money off of your content and know that
you're going to have transparency on the revenue without needing to wait for, you know, Apple to
take their massive cut and then maybe send you a royalty statement, you know, three or six months, 12 months later. So these are, this becomes like real viable alternatives. And we hope to see, you know,
dozens of additional alternative distribution platforms, which essentially function as,
you know, outlets for content creators to bring their content for distribution. So that, for
example, let's say you do make a film and you go to a film festival like South by Southwest or Sundance
and you don't get picked up by Netflix. They don't give you the, you know, $5 million payday that you
and your investors were hoping to get, you know, what do you do next? And so we believe that the hub can be a place people could come
and say, all right, well, let me, you know, let me hit up all these various different platforms here
and inquire into the opportunity for distribution, what the economics are and what the distribution
opportunity are and what the marketing could look like and try and understand what alternative distribution
can actually become without resorting to just putting it on YouTube for free, right?
Or just putting it up on Vimeo and being one of millions and millions of pieces of content
that you're just hoping someone's going
to find. So that's really an exciting aspect here. The next category that we have is music.
Music is a place that's ripe for innovation. There's quite a bit of new platforms emerging. Obviously, Spotify,
you'd say, is like a market leader. YouTube Music, Apple Music, these are the incumbents,
but the economics suck. And there's platforms like Audius that are changing the game, blockchain enabled, making sure that more of the
money is going back to the content creators. There's TuneFM, who's got a similar value
proposition and really looking towards innovation. So artists can distribute your content, no problem,
put it on Spotify, but you should also put it on TuneFM where you're getting
10x more money than you would on Spotify. You might not have as big of a reach and audience,
but you're going to get paid more and they're not mutually exclusive. So this really helps
artists identify additional places where they can do business, where they can distribute their catalog and make money without just
believing that the only place to do business is YouTube and Spotify, right?
And so being that the Packet Hub is designed to be a platform for discovery, the opportunity
here is for audiences around the world to both come here to discover platforms, discover new content,
and for creators to come here and use this as a tool and a vehicle to gain distribution,
alternative distribution, or not just being that it's alternative, but to be ancillary.
If you are, let's say, a major artist and you're already making all of your money on
the majors, then why not make ancillary revenue on some of
these minors, right? So yeah, Josh, do you want to talk about the next couple?
Yeah. Getting into gaming is the next one. And what I actually really love about this is,
and this is just a fraction of the games that are out there, but there's so many play to earn games and crypto games that are out there, but where do you find
them all? I haven't been able to find a place that you can go and find all these cool games
that are out there. And so this is the gaming one. And if you go to the casino tab as well. What's also cool about casino is that you're able to access these on a global basis. And so some of them work, you know, all over the place, but you can actually go and access these within the packet network without geolocation.
And so being able to gain access to these different casino platforms or gambling platforms or gaming platforms,
that becomes just really useful and amazing to open it up to a global audience.
And I think we always think like within our small little bubble
and we don't realize, you know, especially here in America,
we're like kind of often in our own little world over here.
But when you look at just the rest of the world
and being able to access the global audience,
you know, I was reading what about Roku last night, and Roku is about
taking, you know, foreign projects and platforms and being able to expose them to a U.S. market.
But who's doing that on the other direction and being able to drive people back to,
or driving U.S. platforms to the rest of the world? And who's connecting
global audiences together where you're not just pigeonholed based off of your location?
And so that gets me really excited about these different categories and being able to
bring a global audience together. So if you go to the technology tab next,
this is just a drop in the bucket, but we really wanted to include these different technology
platforms that are out there. And yeah, maybe this isn't exactly media per se, but there's a
lot of really special projects in the world that are being created.
And where do you discover them?
The real place that you're discovering this stuff is you're going on to CoinMarketCap.
And you're looking through an exhaustive list of all these different websites.
And you're really just doing that to trade.
And that's all cool to go and trade crypto.
But what about the technology that these platforms are building?
How do you discover the actual utility of these amazing pieces of technology?
And so we wanted to really include that in this ecosystem so that we could create utility for this industry that we love of the blockchain crypto industry.
And this is that ecosystem where you can discover stuff.
Yeah, I want to just touch on that because I think that's super important.
With crypto in particular, it's very esoteric for most people.
If you're in the community, if you're in crypto in particular,
like you get it, you know who the major projects are, you know who the major players are,
you know, you're reading the news, you're in crypto Twitter, like you kind of are able to
follow along. But if you're not one of the, you know, people that are that have become accustomed
to what's happening in the cryptocurrency world, to's point like the only place that you're going to find this content about who are those players
is coin market cap or if you like just hear about it you know adjacently on the news you know now
with like for example XRP you know now has a market cap that's worth more than BlackRock has today. You know, it's like
XRP is, you know, heading on a pathway to flipping the market cap of Ethereum. So XRP is about to be
in the news, like significantly. And people are going to start hearing about XRP. But over the
last couple of years, like if you weren't in crypto, like you have no idea what XRP is. You
don't know what Ripple is.
And there's dozens of other, I mean, thousands of other projects. But I was going to say dozens of other kind of, you could say, majors with tens of billions of dollars market cap.
And in addition to whatever the speculative trading side of cryptocurrencies look like, these are truly innovative platforms.
And there's incredible opportunity being developed here on the technological front. We know that Trump is
looking to make the United States a bastion for crypto and technology innovation, whereas like the current administration has been incredibly tough and
adversarial against technology innovations, particularly in the crypto space. And so with
this, you know, change of the guard that's happening on Monday in the United States,
there's an incredible opportunity now to highlight these projects. Again, these, you could say,
blue chip crypto projects that are really looking towards changing the game, building bridges. We
have cross-chain layer twos. We have gaming innovation. I mean, there's just so much
technology that's being built. And where are people going to discover it? With the hub being
a platform for discovery, we hope to see crypto projects wanting to use this as a platform to highlight their offerings, build bridges between one another and continue to grow this ecosystem that we're incredibly passionate about.
Fantastic. Do you think you'll curate the content?
Do you think you'll curate the content?
Yeah, well, that's actually what I wanted to bring into the conversation on is, you know, where the hub itself is about discovering the platforms.
But being able to give the platform to platforms like yours, where you get to curate the content and you get to do what your platform
is best at. And we don't have to be a competitor to you. We get to empower you into doing your
best work and what you're good at. And that's what I really love about this is it's, it's, there's no competition here. It's maybe we're competing with an Apple TV, if, if anything, but the real power of this is about giving is
empowering platforms to be able to have a voice and to be able to do what they're good at. Um,
and so that's, that's really the essence of what this is doing. And then, you know, looking at kind of your platform, you know, I guess I've pushed the question over to you is like, what is your kind of content strategy and how do you plan on really just, you know, separating yourself from the rest of the world?
Yeah, I mean, you said the word empowering there. I often use that in my pitch because we're empowering the end user by rewarding them for their time and attention.
So for a long time, the big boys have been selling your data with no reward, where now we're saying if you sit and watch an advert in between the film, you will be rewarded with loyalty points for doing so.
And those loyalty points for doing so.
And those loyalty points are redeemable at over 2,500 household brands.
Nike, Uber, Adidas, we have those real-world vouchers in place.
But we certainly want to curate our content.
We want premium content only.
And there's a few reasons behind that. Obviously, we can charge a little bit more bang for our buck when it comes to the advertisers to be associated with A-level cast.
But equally, we want to try and bring in the consumers and be known for premium content and really concentrate on that, because I don't think it's been done really yet in the Web3 space.
done really yet in the web3 space as i'm sure you'll know premium content licensing is a minefield
and you spoke a little bit about it earlier with geo blocking because i know the guy that owns
john wick 4 in the middle east isn't the same guy as in germany or the uk it's it's difficult but
you have to have those contacts to know who's got the license to the content so that's why we're maybe approaching it
in a little bit of a different way and focusing on one territory in particular first and putting
all our efforts into an mvp in india instead of trying to take on the entire world which as we
know it's just it's a bit of a nightmare because there's so many people owning different licensing
so i do think the way that you approach it needs to be territory by territory.
People forget it took Netflix, should I say, 10 years to become worldwide.
Yeah, you're absolutely right.
Howning on the territory.
Yeah, look, and we understand that each business is going to have unique issues.
And so within the context of each one of these tiles, that individual business will govern their own business.
And the hub is really just meant to be a platform.
So the hub doesn't need to influence the individual business models of the projects, companies, and creators that are featured here.
It's just to provide people with a vehicle for discovery, like we said. So let's talk a little
bit about how this dovetails into the Packet Cash project in particular. i can kind of kick that off and and we'll talk a little bit about
what about how this really we we believe this can benefit and bring you know greater utility to uh
to you know packet uh network and and the packet project in particular so the first thing that
will bring up uh josh do you want to jump in first, I just want to add one thing before we get into the Packet Project,
is that the cool thing about this thing is that it's not just Web3 based.
By the Packet Network being a network, it's payment agnostic.
You can use PayPal on the network.
You can use anything that you want on the network.
And so this brings Web2 and Web 3 together so that users audience isn't making a decision.
Oh, I want to look at Web 3 stuff.
Oh, I want to look at Web 2 stuff.
It's bringing it all together under one thing where this is where it all exists and it's all possible.
And that's really what we're trying to do is blur the lines between like, oh, you're a crypto project.
Oh, you're a crypto project. Oh, you're a
regular e-commerce business. It's like being able to blur that all together where like this is the
future of the internet and this is where we're going. And this blends that all together into a
single place. And now the crypto side of it is what makes it all possible and what makes it exciting. And we can dovetail into that now.
Yeah, you're absolutely right. Now, one of the other pieces to this is how do we bridge people over to the world of cryptocurrency, people that are in the traditional business world, people who are used to when they make a payment, sending a wire transfer or writing a check. And I believe that the Coinbase wallet and the MetaMask wallets have really lowered
the barrier to entry for people to get into crypto. Actually, Phantom Wallet is incredible too. I'd
say those three wallets for me have really been game changer. I'm particularly compelled by the phantom wallet UI
and the Coinbase wallet UI. It's just made it so easy to onboard a few clicks and you have a wallet.
The UI is fantastic. And I really believe that that simplified how a lot of people are getting into crypto.
I think that's how the Solana ecosystem has really begun to explode over the last 12 months
is some of the innovation on wallet technology.
And same thing with where I see the base ecosystem going
with the quality of the Coinbase wallet in particular.
And what you'll notice is that both of these wallets also have browsers built. All three of these wallets have browsers built
into them. And what that does is it allows people to actually navigate to a website from within the
wallet app. And then by accessing the website using the wallet app browser, then it's easy to connect your wallet
to that website page. And once you're connecting a wallet to a website, and again, from the total
standpoint of a normie who might have never done that, might not even know what we're talking about.
But the second you do connect a wallet, a Web3 wallet to a website, a whole world of
potential opens up. Potential, functionality, opportunity, it really begins to open up at that
moment and things become possible. So it becomes possible to make money. It becomes possible to
own your data. There's a lot of identity technology that's emerging in the
cryptocurrency space and that gets tied to your wallet. It gives you the potential for ownership.
So whether let's say you own a film and the ownership of that movie is based on you having
the files for it on your computer and you being the creator of it. Cool. But the second
that you put that on chain, like you have the actual like notarized ownership of it, that it
really demarks your actual digital ownership, as well as the ability to not only transfer it,
but to be remunerated for a transaction to kind of seamlessly take place while you transfer ownership
of something. And that's incredibly powerful. And as more people have that experience, you know,
I truly believe that's where we're going to see, you know, innovation begin to take off and
adoption, I should say, really begin to take off is where people are like, oh, shoot, you know,
I actually own this and there's a digital representation of my
ownership and it makes it easy for me to transfer my ownership, sell my ownership of something,
earn based on my ownership of something like, for instance, earning interest on maybe a certain
holdings or the holdings of an asset, right? So these are realities that I think we're going to see
really start to proliferate. And I believe that this wallet technology is what's changing the
game to make that possible. Now, how does that relate to the hub? Well, with the hub,
it just launched today. The way that people will get content, get like your platform,
if you're an entrepreneur and you're like, yeah, I should just be on the hub. Why not? Yes, you'll just submit and you'll just be able to get
your platform listed. Now, there's going to be obviously some curation that's going to emerge
here. Obviously, we want to make sure in this early phase that there's not nefarious, illegal,
terrorist-based type content and things emerging here out of the gate. The caveat though is that
we do want to move towards decentralizing the way that people can get content onto this,
or at least creating some rails, some very particular rails for how content can get on
here. And so some of the criterias, in fact, Caleb, who's here with us today, had started to
imagine ways for people to essentially submit their project to, in doing so, add the graphic, the metadata that would be associated with your
logo in terms of category and other information. And then to be able to actually incentivize people
to hold packet and based on the amount of packet that you hold will help drive your
positioning on the hub. So it actually will encourage people to hold packet in their own
custody. But by virtue of doing that, it actually positions you in a priority placement in some of
these various different categories. So Josh, do you want to
touch on that before we jump into some of the next use cases? Yeah. And one of the other
requirements, and though we put up a lot of different squares and a bunch of our projects
in the meantime, these are kind of just to kind of populate it with the emerging projects.
But as we continue to expand and grow and create partnerships,
one of the requirements will be to grab your domain for your platform.
And so being able to not only just build out an ecosystem of tiles with backlinks, but also being able to pair those
with their domain as a requirement for them to be in this ecosystem. And as you know, that you can't
have a domain without having some packet. And so now we're building an ecosystem of stakeholders,
of people that are actually powering the network that are
participating because they want to be part of this ecosystem and have some skin in the
game.
And so that becomes really exciting to be able to create all these partnerships and
not just partnerships like, hey, let's go put out a press release and say that we're
working together, but being able to really welcome people into this ecosystem, into this community and being stakeholders in the packet project. we're kind of assuming that everyone was on the x space last week but packet just launched packet
dns pkt dns uh it's essentially a domain name registry that's blockchain enabled it enables
anybody to get a web url it has no cost free for life the only caveat is that you do have to hold PKT. So you have to hold the
currency. And the reason that you're holding the currency is because by holding the currency and
registering your domain name, it creates an NFT. So like a digital representation of your ownership
of that domain name, which stays in your wallet. And you're in custody of that domain name and
the PKT that's associated with that NFT until you release it. As soon as you release that,
if you say, hey, I don't need this domain name anymore, the PKT goes back in your wallet.
You can sell the PKT and have your cash back. So there's no outward expense or transaction.
You don't have to pay a registrar. You don't need to pay for transaction. You don't have to pay a registrar.
You don't need to pay for privacy.
You don't need to pay for renewal fees.
You literally get a free-for-life domain.
And with that domain, you can put any type of website up into the packet network.
And that website will be accessible from all web browsers worldwide.
This is a lot different than a lot of these other blockchain based or pretty much different
than all other blockchain based or alternative DNS systems that require a browser extension
or some sort of special software to be installed on your computer to get to those websites.
And with the packet domains, you can access them from a normal website with no issue,
which is incredibly powerful. And so what Josh was saying was that for people to add themselves
into the hub, the criteria will be that you would go and get your company name or project name or some actual domain within the packet network for you to
essentially domicile that website on the packet hub and connect it to. And even if that website
is then just going to forward straight over to your .com or .net or .org website, that's totally
fine. That's your choice, but you still need to have that kind of digital ownership
of a destination within the packet network. Yeah. I wanted to just bring Caleb into the
conversation about domains. There's obviously, you know, people have created decentralized domains
in the, in the, in the past. But I wanted to kind of bring you into the conversation about like,
what makes this unique and away from, you know, the different projects out there.
You also mentioned the new Bounce technology that you just are launching right now.
Yeah, well, I'd rather introduce the technology that I just launched yesterday
instead of the technology I'm going to launch a couple days but uh um anyway uh so for as a refresher in
case people didn't catch it initially um the way this uh dns system works is it's just a you know
it's a dns on the blockchain which a lot of people have done it you know you have handshake
unstoppable ens um uh and and of course name, the one that came from around 2011.
This project is different because people are staking infrastructure, and the infrastructure
is domains that have been registered with the regular domain registrars, so the whole public can access them and uh so if if you buy packet.com and you stake that
um and you'll you'll yield on that stake if you stake packet.com and then then somebody can go
register uh cjd.packet and uh well they can't because i did but uh cjd.packet.com will then go to my website.
That is actually my website.
And if you type in, we don't have .com, but we have .wiki.
So if you type in cjd.pkt.wiki, you'll go to my site, white page with a little text,
white page with a little text, but it does explain to you what's going on, which is there's about 56
top level domain names, all that point to your packet websites. So what that means is that when
you register a website on packet, it becomes public, which is something that's never existed in a blockchain dns system before
it was always required that you had to install special software connect to special dns servers
stuff that most people will never do which is why for the most part these dns systems never got
much use but this one because anybody can access it
through any one of those top-level domains,
well, we've been live for a week now,
and we've got, what, four, eight, nine domains there.
Oh, yeah, he's just scrolling through the list
of possible addresses that you can have, have which is 50 there's 56 of them
staked right now and um so yeah that's that's the domain system it's it's highly robust because um
somebody were to try to take down a domain they'd have to go to all the uh all the top-level domains and ask them to take it down.
And it's highly robust.
And it's also like the cheapest, I would say,
or the most respectful of the domain buyer out of all these blockchain DNS services
because you get so many of these other services where
it's a blockchain domain, and you need special software to even use it. But they're still
charging you $10 a year for the domain. And it's like, for $10 a year, just buy one off a name
cheap, a regular domain that just normally works. But with this one, there is no real cost, you just have to,
you have to stake some packet. And the point of that is to prevent people from just land rushing
all the domains. And, you know, what people do what people do, and they buy up thousands of
domains thinking they're going to resell them.
So we have a staking requirement in order to slow that down. And the amount that you need to have staked fluctuates based on how many domains are getting registered. But what do
we have now? We have 206 registered domains. And that's what, in a week? Was it one week ago that this thing opened to the public? Yeah.
So it's been a week and we've got 206. So that's a nice growth, but it's also slowed down a bit by
the fact that when you register, the minimum stake goes up so the next person to register is going
to have to stake more just so that we don't have one person you know going and registering every
three-letter name every four-letter name every five-letter name as is typical with um uh domain
systems yeah indeed yeah look the domain system is incredibly robust. I just wanted to
clarify one thing for people listening in. By the way, shout out to 8,300 people that are on
this stream right now. I think that's one of the biggest, if not the biggest stream that we've done.
Could it be a better day for everyone to join in? Cause we're super passionate about
this technology and, and very grateful to have Zach with us, uh, and give Zach another chance
in just a moment for you to talk a little about eight flicks and kind of what your vision is and,
and what some of the opportunities on the horizon. But I just want to put this one last little point
on DNS, which is that it uses what's called a third level domain system or a subdomain system.
And so whereas like if I was to go start a company, let's just call it cats.com. So I would
go by cats.com and that would be my website. With packet, basically what you're going to do is you're going to come and you're going to get cats.pkt. And again, that's free, free for life. You just put down the minimum stake,
whatever that may be. It could be as low as a dollar. It could be as high as 50 bucks.
And you're just locking that money up in the form of packet. And it's connected to your digital ownership and nft of my ownership of pats of
cats.pkt and this the way that this is a third level domain system is that pack cats.pkt
needs one more top level domain represented after it so i get to out of, I think it's 56 or 58 different top level domains
that you can scroll through and choose what is the top level domain that I want. So it could be
cats.pkt.studio, cats.pkt.live, cats.pkt.58 different options for you to choose. And those
would be the three, you know, those would
be the words that you would type in to go to your website. Now, what's interesting is that not only
that, but your website will also be accessible from all 58. So you would have that kind of
resilience of someone technically could go to your website using any one of those different URL extensions. So you just get
to choose the one that you want to promote, choose the one you're putting on your business cards,
choose the one that you're putting into your promotional materials, but knowing that your
website actually does have the resilience to be accessible from all those different top-level domains. So that's an incredibly powerful prospect
and just hopefully clarifies how people will use the packet domain system.
And the choice that you're making is that,
is it worth paying for cats.com every single year
for the rest of your life and for the duration of the life of your
business? Or is it worth it to have a free for life domain where you don't have to pay every
single year? You just literally hold on to the possession of that NFT and you own and control
that website forever. The obviously tradeoff is that you have a third level domain versus, you know, just using just
the top level domain. So, uh, some people might say, no, I, I just need cats.com and that's,
that's, you know, my website and I'm going to pay, you know, 50 or a hundred or $400 a year for
in perpetuity. And we're fine with that as well as probably needing to pay for, uh, the privacy,
uh, you know, costs, you have to pay an extra 20 or 30 bucks a month for that.
But for people who want to control a domain,
don't want to have to pay renewal fees,
and want to have a domain that's globally accessible,
this is an incredibly powerful tool,
and it's the first of its kind
where these websites don't need special software to be accessible.
And bravo to you, Caleb, for innovating and building something as powerful as this
and opening up to the world.
Anyone can get access to it.
Just go pop over to the Packet Cash website, pkt.cash,
and you can go get your free for life domain yeah totally uh yeah so bring it over
to you zach um yeah just in your kind of vision from your vantage point um where do you think
that the media and entertainment business goes um and and how do you feel that you guys can really be
impactful in that that space gosh it's a it's a loaded question i don't have my uh magic ball
in front of me in terms of where i think it will go but we certainly got some synergy i mean we're
building um wallet gated content function right now in the application.
We've got a four-month build, and that's the first phase of it. And I think where it needs to go
is all about transparency. And, you know, I think the film industry in particular,
and the music industry as well, it's very opaque. So it needs transparency,
it needs blockchain technology. Whether the big studios or the big distributors will welcome us
in open arms is an entirely separate conversation. But it takes founders like yourself and what we're
doing at 8flix to make that first step and try and bring us in the right direction.
But I think maybe it will be a bit of a slow process
in order to get there.
But it's about making that first step, isn't it?
And initially, we are actually going through established distributors
to get our content in the short term.
But obviously, yes, we would love to be in a position where people are coming to 8flix
and submitting the content themselves.
But we have to walk before we can run.
Rome wasn't built in a day.
But going back to the original question, I think transparency is key and particular for, you know, creators, producers.
There's a there's a platform called Uvo TV, which launched, I think it was about two years ago, actually.
Now, any producer can submit their content to that platform.
And they were trying to position themselves as a fair platform, shall we say.
So revenue for the creator.
But I do think there is a small issue with that in the fact that there's just too much
content out there.
And I do think it needs to be curated.
If you take Rain Dance, for example, which is quite a well-known film festival,
I was speaking to the owner the other month,
and they get 37,000 submissions a year.
37,000, which is fantastic,
but at the same time,
that model of taking everything on
and just putting it out there
is not the kind of model that we want to go down.
We want to curate and pick and choose and give people less choice but better choice,
which is why we're looking at smaller license periods instead of having content on our platform
for two, three years.
It could be 30 days.
It could be 45 days.
And that way, what we're trying to eliminate is doom scrolling
because i'm sure everyone on this uh panel will have sat there on netflix or amazon or whatever
it may be and after an hour given up and gone to bed so we're trying to we're trying to get rid of
that and that's our sort of little niche if we. That's where we think we can make a bit of splash
just by curating a little bit better of the content.
Right.
Yeah, it makes sense.
So how would someone, you know, who's your target user of your platform?
Like, who do you want to come to you?
Is it content creators, rights holders?
Is it in specific regions or is it global
yeah well we're starting in India so I've sat down already with some of the major distributors in
India that have the premium content and gone through our business model and asked whether
they are happy to deal with us all thankfully are so we're starting there but in terms of who i'm looking to deal with
i mean it's people that want premium content without the price tag so i'm probably not going
after uh and the itunes user base apple user base for example because they don't mind paying a little
bit more to not have adverts you have to be you have to accept the fact that at Aplex there will be adverts in
between the content. So the likes of Pluto, Plex, Tubi, Rakuten, I would be going after
their user base initially. But let's not forget Web3 is niche. So initially it's just, I'm trying
to be the sort of front run in the space to attract Web3 users that like watching film.
But it is niche. There's no doubt about that.
But so was Tubi.
You know, I think they were bought for 440 million, I think, was it, in 2020?
And before that, a lot of people within the industry, let's say, stuck their nose up at Tubi.
They were considered the hoi polloi, the Walmart of digital platforms.
Well, they certainly got the last laugh, didn't they?
So our goal is to sort of be the front runner
and get the community and get the eyeballs in the space.
And then we can look at taking on the big boys, so to say.
But yes, we're realistic in our in our approach we're bringing over 50 years
worth of uh content distribution experience to the team and hopefully that will make us in good stead
that's great um and so are you guys live right now can people go and watch or would you guys
have a lot live we have a gamification process, which is a tap tap game,
which I think is very important to embrace the culture of Telegram and Web3,
which is memes and the tap tap game.
So we're using that where people can earn bananas and essentially XP,
and we will airdrop whatever you tap nearer to TGE.
I'm sure everyone sort of, well, in our community anyway,
always asks when is TGE, when is TGE.
It entirely depends on when we get the community into a position
where we think we'll have the most successful launch.
But we've set ourselves a goal at the end of Q1,
so it's good to have something to work towards for sure.
Cool. Well, yeah, I really appreciate you coming on and joining the space.
And also thanks for having me joining the ecosystem.
How do people what are kind of the call to action that uh people can do to learn more well uh initially we
are looking for ambassadors right now so we are looking for that first 100 uh 100 strong ambassador
to really fly the flag for us um so please do maybe join the telegram or check out the website
there's all the information on there.
And we're looking for those first hundred ambassadors.
There is a royalty scheme in reward scheme in place for the work that you do.
But that's the sort of focus point for what we're trying to find right now.
Cool. Awesome.
Well, yeah, everybody go to check out the hub.pkt.cash and check out the hub.
You can find 8flix on there as a link. And if you have a platform, then you're excited about this, please submit it.
And so they can get placed up there. And also, if you're not in the packet telegram, please join that as
well. And, and joining the conversation, feel free to ask us any questions and we're, we're happy to
engage in, and bring you into the fold. Yeah. Awesome. Awesome. Thanks very much for having
us guys. Yeah. Thanks everybody. And yeah, we will, we're, do guys yeah thanks everybody and um yeah we will
uh where do we do this every week so we'll see you guys back here next week uh wednesday 9 a.m
so thanks uh thanks everybody we'll catch you next time awesome Thank you.
