Hey, how you doing? Great, great, and yourself.
Yeah, very well. Thank you. That's very great. That's very good. I think Sercon and Adnan are going to join as well. So we're just ready for them. Yeah. You see Sercon's connecting. Yeah. Just give it a minute. Get everyone ready and then we'll kick off.
AcerCon just doing a mic check. Can you hear us?
Great, Jane, hear me, okay? Loud and clear. How about you and Non?
Great, great, great to have you all here. So if everyone's ready, let's just begin. Is that okay?
Sounds good to me. Sounds great. Alright, so 3, 2, 1. So welcome everyone yet again. Great to see some familiar ones rejoining. It's definitely encouraging. So if
Together, today, we discuss our beloved NFTs and most importantly, the All-Grant NFTs experience with special guests from Ren, Gallery, and Sheffield, and obviously, Para. I'm Furkan, also known as Block in the Wall by some of you. I'm the Marketing and Community Lead at Wobble.
formerly called "Algopals". Previously, a Solana devout and now an Algrang convert probably saying everywhere that I sold my soul. Anyway, a Vom welcome to all of you again, our guests, our community and our audience. It is a delight to be moderating this session.
I will get right into discussions, but first I'd like to remind you all to type your questions in the chat below. As always, we will get to them in the final session, but here's an extra motivation as whoever asks a question scores themselves a pretty pretty chance to win prizes.
It almost makes me want to go in the audience myself and not kidding, the FOMO is very real. Anyway, now into a little bit of what we learned ever to cover today are insights from the marketplace builders, some innovations and the future directions where the projects are headed.
Now, time to introduce our speakers. We'll do the usual and I say the names. I'd like to request our speakers to give us a brief introduction about themselves. Our first speaker is Ross Murray Jones, CEO of Ted Rangandri. Ross, great to have you here, over to you.
Hey, it's actually not Ross. I've stepped in. I'm a Gash, the CEO at Rangallery. Ross actually has the day off today. So yeah, I stepped in to speak on his behalf. Yeah, my name's a Gash, I'm CTO Rangallery. Rangallery is a business that we bought last September. Excited to be here and thanks for hosting this space.
a little bit about myself. I've been working in the crypto space for the last couple of years. I actually am a Ethereum Convert, so I used to work on the Ethereum blockchain during the whole ICO craze and things like that. I moved over to actually hyperled your Fabric before coming over to Algrany and have been building our Algrany
for the last two years between continuous zest, Rand and now, as of yesterday, NFTX as well. Great to have you, Eric Ash. Sorry for my little bit of embarrassing moment, but yeah, great to have you, equally. Our next speaker is Ben Viet, who's the founder at Shuffle. Great to have you,
here Ben with us over to you. Thanks for having me. Yes, I'm Ben or Benji. Starting out as a retail investor in Algrond, I come from a creative and marketing background, launch the Goanna NFT project.
September 21. Last year we doubled down on our commitment to our run MFTs, releasing shuffle marketplace. I also wear a third hat and run the Goanna tree fund, which is our kind of ESG environmental impact project and we've planted over 200,000 trees through
So yeah, thank you very much for having me. I'm excited to be here and chatting to you guys today. - Exciting, thanks Ben. Always great to see you social initiatives. So our next speaker is Serkan Therik, who's a product leader at Powerwallard. Welcome to the session Serkan, over to you.
Thanks so much for coming. Yeah, so it's not my first Twitter spaces with Tara so I'm the product lead at Paraguay and I'm really excited to be sharing the floor with these guys because I mean we
We've been in contact for a long time with both Ben and Agash and Ross for Rand Gallery. You probably know this, right? But Pera is investing heavily into the future of NFDs.
especially in Algorand and we love our partnerships, especially with the people that I'm sharing the floor with right now. And so, yeah, we're excited to get the ball rolling and do great.
great things with everyone but glad to be here. Equally glad to share context. So our last speaker is Adnan Dermusolo who is the growth and marketing leader at ParaWallet. Adnan, take over. Mike is yours.
Cheers and none. What a great cohort of speakers. Very happy again to be moderating the session. So we'll, like I said, we'll just move into our first session now. So the first session is basically on the
project overviews and roadmaps. I think I'll go over to Agash first. So Agash congrats to the entire Grand Gallery team as you've now enquired obviously NFT Explorer. We've all been wondering about the next steps with NFT Explorer. I was personally sad when they announced their
setting, NFTX. So, and it's definitely comforting to see that you guys have acquired it. What does covering the NFT vertical stack means for all grand stop NFT marketplace? And where is rank gallery headed this year? The roadmap and all that.
Yeah, sure. Yeah, I think that's kind of a question. I think on a lot of people's mind happy to kind of speak to it from my side of things. So I guess from the rank gallery side of things, obviously we were also very upset when we saw the sunset message from NFTX and I guess a big part of rank galleries volume
does come from NFTX and we do obviously give them volume as well in terms of you know linkbacks and all these things and you know NFTX is such a crucial part of I think a lot of people's our grand NFT experience as even myself before we ball ran gallery I was a you know I have been collecting our grand
for a while and in the techs, I think usually where people kind of start to kind of have a look at projects, have a look at listings across multiple marketplaces and it is, I think, become a very crucial part of the overall NFT experience on our ground and when we did see the sunset message, we kind of wanted to step in and see what we could do to
kind of help and make sure you know NFX is platform legacy was kind of all continued. For us kind of buying NFX has kind of various reasonings behind it but I guess one of the things that I as coming from the being the CTO and coming directly from the technical side of things is NFX is
kind of build a world class solution in terms of indexing all NFT data on our ground from at the bottom of their side. They've kind of recently minted NFT sections, so they're literally watching every single blog where they cache all the metadata, cache, basically every single cell on pretty much most of the
marketplaces, we will be adding access support as well for everything other than baskets on NFTX as well in the coming weeks. So it is really much a very holistic data overview of kind of everything happening in the NFT ecosystem of our grant and we will be using kind of all of that data
in our rebuild and I think everybody does know at this point I think that we are rebuilding Rangarri pretty much from the ground up and the NFTX acquisition was a very key component in bringing a lot of this data into the new rant and as well you will start to see that data in the existing rant while we are doing our rebuild.
And kind of the time as we are kind of working towards for sure you will kind of see the new instant shuffle creator tools launch that NFT and I see. And you're very excited to kind of bring a lot of requested features that in the community has kind of been waiting on and these features kind of exist as things like
collection offers auctions, kind of all these features that you do see on a lot of these marketplaces on other chains, I just hope you can see magic keyed and things like that. And I guess the other thing which I think we are focusing a lot on is a massive UI/US overhaul because obviously Rangallery was built
by Crocker, an amazing developer. Obviously he was a one-man band and building during the bull market trying to build a lot of features and kind of what he has built is amazing. Obviously we are looking to improve upon it as well as why Naurangarri operates as a very good PFP conditional
collectible market basement and media type images. We also are seeing there's changing the sphere of what will NFTs be in the future and we want to add a big importance to making sure all different media types are easily supported, available and view-borne
When I talk about me, you type things like Rangari is very efficient and good at handing things like images, but when it comes to videos, gifts, music, it does handle them but it doesn't really showcase them to the best of their ability as well as looking at ways in which we can put
forward one-on-one artists and yeah a few other things like that I mean we do have like photography section a 3d section on the bottom of the website but that hasn't really seen any love so yeah we are looking at even incorporating more 3d yeah 3d type NFTs in our kind of rebuild as well as kind of bringing
and as I think we will probably start to see a wave of Metaverse-related projects launched from our ground and we want to make sure our platform is really to support all the different types of media. And I guess the last point was looking at the whole vertical stack and when we are talking about the whole vertical stack with
talking about when a new creator comes over to our ground, we want to build our creator tools which will allow easy minting. So from minting right now we do support minting of rangalorie but it's pretty much only one image at a time so we want to improve our minting solution, support
various arc standards as we know in our grant we have an ever increasing number of arc standards and right now we are really supporting of arc 69 and we want to extend that to arc 3 arc 19 and any other new arc standards which are coming out and there are a few in the work to think
play alloy is a building one based on box storage. And yeah, and I guess the other thing about rang gallery and NFTX is right now NFTX is pretty much the source of truth when it comes to verity for NFTs on our ground and all of that data will be coming over to Rand as historically
of early supported R69 Rarity and yet we'll be bringing in kind of out of the box Rarity for every single collection that supports Rarity very similar to NFTX and I know a lot of people have been requesting you know updated metadata and all these things for operating projects which you know we just haven't been able to do yet and one
the main reason for the future acquisition of FTI to be planning on using that technology to handle that type of things. Hopefully that answered your question. That was great, I guess. Exciting times for Ren Gallery and really looking forward to see all that comes and what's in store. So over to Ben,
Ben Shuffle looks brilliant by the way and you've brought obviously a lot of personal experience from developing and growing the Aguaana universe and that clearly shines through in Shuffle. So what's in store for the users in 2023, but would also love to hear about some unique features on Shuffle like customizable storefronts and community tools.
Yeah, thanks, so we've got a number of exciting partnerships which we're kind of going to be rolling out over the coming weeks and months. I certainly don't want to kind of overshadow what really is, you know, brand's day, like firstly like huge congratulations.
to them on the acquisition. I think it's really exciting for them and obviously it's brilliant to see the legacy that Jochen Tomaso created be continued. I think that's always going to be a big part of our grand NFT history and I think you know, creators like myself would certainly
the ecosystem wouldn't look the same had it not been for an NFT explorer. So yeah, just great to see that continue in really good hands with the Ramsey. So for us, like I said, we've got a number of exciting partnerships coming up. A lot of these are kind of focused on
on really making it as accessible as possible for people to purchase NFTs and being able to meet the collector where they are. So this kind of translates to people actually being able to buy and interact, explore collections without
to visit the marketplace directly. So whether this is through third party apps, through chat messenger services, being able to pay, you know, using credit cards and fear currency, etc. And just trying to really sort of reduce all that friction.
that's associated with buying NFTs, you know, like if you're not kind of a crypto native or you haven't got an Algrang wallet, there's all this friction, you've got to set up seed, you know, manage a seed phrase, create a wallet, onwards a fear into crypto, get that off the exchange.
I'm just trying to reduce as many of those steps as possible. And we're definitely going to be, as you mentioned, in terms of customised or will store fronts, the focus in how we've approached handling drops for different projects.
we've kind of created these bespoke drop sites that can be custom branded and bringing in some different utility as well. So there might be the option to burn one NFT to get another combined NFTs to
So we've kind of got all this tech ready in the back end and that's somewhere as a big focus that we're going to continue to lean on as well and how we can improve that sort of drop experience and push those sort of primary sales with some really premium drops.
through the year as well, which I think will be really exciting. Thanks Ben, that's all great to hear. Yeah, really looking forward to what's coming. And certainly customizable storefronts are very exciting in their own right. So moving over to Sir
So, it just seems like yesterday, obviously. So, what's more to be excited about in 2023?
Thanks, Fugan. I mean, first of all, that 3D coin, NFD views, probably still my favorite feature of Para period. But yeah, I mean, the point is to not stop there, right? So I think, so cool.
Those guys, like both Ben and Andagach, I've hit the nail right in my head. In terms of getting people onboarded into the system, making creators feel more at home have more tools for creation of collections, not just single entities is huge and the brand is handling that.
And I think they will do a spectacular job of it. Same goes for Ben for the creator side, having customized storefronts and etc. So it's a problem that we previously spoken about as well. It's something that had to be tackled so that the creators
feel more at home. Not just during the onboarding and creating an outer and wallet and what not, but also from okay I have the Synifty collection, hogwights, minted and sell it. And so making the drops feel more intuitive so that people have a tool in their toolbar
to create a drop-in and sell it, that's amazing to have. So with Para, we're going to touch none of that. So instead, we're working very close together with both of them so that to see what we can add on to the already improving NFT experience,
in the algorithm ecosystem. And what we came up with was the whole discovery mechanic, right? So on discover now you will be able to see NFTs in a different tab of discover where you'll be able to see all the collections that are there
on integrated NFT markets, but also the way that we're integrating with both Rand Gallery and Shuffle is that you'll be able to purchase these smart contracted
listings that are directly on terror, without basically leaving the terror UI. Which is kind of a win-win because it's more exposure to the integration to the smart contracts of these marketplaces, but also a way to add
data collection that are being displayed. So, you know, in more of an NFD explore passion, but imagine that being in your wallet and you being exposed to that as soon as you create your algorithm account. These things are really, I think,
key to not just open up the N and Thia ecosystem to the people who really want to buy out of these but more likely to the people who have just put in some out going to their account looking for ways to spend it, looking for ways to basically buy our diversify the
players play a game, get a get a NFT utility. So that's where Peratin Shind right. So we're one of the big things that we're working on in here is this year is to revamp our whole onboarding in order to make it so much more easier for people to
the first account put in on-ramp with putting in a certain amount of the algorithm and then seeing what they can do with this algorithm. Whether it's going on to DeFi but a very big part of it is looking at, check out what NFTs there because
NFTs are not just basically pixel art right now, the collections are getting ever more diversified gaming is going to be a huge part of this. And with NFTs being sold and the collections being displayed in a much easier manner, we feel that there's going to be a much easier transition into that work.
And that's what we're aiming for in the general sense. Thanks, Erkan. So from what you said, and obviously what Ben and I guess said earlier as well, I hear a lot about the user experience and obviously how critical it is to the whole thing. So I'll obviously touch on that a bit more later, but before that,
We'll just go over to a nun and ask him about like a nun. Obviously, everyone's has been crazy about the governance NFTs since the day they launched. Since we are talking NFTs, it is only befitting to ask you, what's the community roadmap for para in 2023 and what's more to come with governance NFTs?
That's great to hear none really exciting starting here. So obviously we've touched a lot on the user experience we've talked about the diversification of media types and also some of the things that had nonsense so good segue into
the next section which is the all-brand NFT experience. So we'll be asking the speakers going around asking them about the NFT experience obviously building on all-brand and all those things. So I think I'll go over to Ben here first. Ben as I previously mentioned as well like you've experienced
many sides of the NFT experience in Algorand with your shuffle marketplace and the Alguana and related collections. So how do you describe your experience building on Algorand both as a creator and builder and what's the biggest takeaway for you from all of this experience?
So we started building release of first NFT back in September 21, so we've been here quite some time. I think it's incredible when you look back over that sort of whether like 18 month period or something.
far things have come in terms of the NFT ecosystem, the infrastructure that's now in place. We launched probably AB2 and RAM gallery with the only two real marketplaces, NFT
was kind of in its infancy. They just come from a stage where NFTs were actually being done through trust trades via Reddit. And there's been this huge explosion in the number of creators releasing NFTs on on Algrant. So I think
you know, it's super exciting how far we've come. You know, we've, I think a gash mentioned earlier, we've now got, you know, quite a number of different NFT standards, which make all kinds of things possible, which is really exciting. And I think that's one area where we
You know, some of the things that we're seeing that NFT creators are doing in terms of, you know, these upgradable dynamic entities which can, whether it's something, you know, like we did with the partnership with MakerX where we had NFTs that would evolve through
external stimulus like based on the Algrang token price or what someone like Stitch has done where you can feed your shrimp token to the NFT and evolve that through a series of different stages. That's really some super exciting
cutting edge NFT tech that has the ability to rival and certainly be placed next to anything out there on any chain. And I think that's fantastic. And likewise we've got some incredible artists who again, who's talent, you know,
deserves to be held in the same regard as, you know, a lot of any collection out there where that's, you know, on a theory of morsel, or anywhere else. So I think in that sense it's super exciting and it's really positive. I think we do still have, you know,
not to have the rose tinny glasses on there are still challenges that the ecosystem faces. I think we do need to see fairly substantial growth in terms of the number of active wallets and looking back over the past 12 months that has been relatively flat. We haven't seen a lot
of growth there. So I think that is one area that I think does make it challenging for both creators and platforms alike. There's only so many people interacting with the ecosystem on a daily basis. The positive there is when we've only got a few thousand
active wallets. It's very conceivable that a 5 or 10x is not beyond the realms of possibility and it wouldn't take much more than one or two major catalyst for that type of growth to occur. And I think now that we have this
infrastructure in place and you know the user experiences come so far that you know hopefully we will we will start to see that that I could through this year in 2023 could be a really positive year for the Albrund NFT ecosystem. Thanks Ben. I would really
love to obviously talk more about utility but before that I'll go over to a gash and so following up from what Ben said like obviously a gash we were you previously mentioned how obviously that's capital took acquired rank gallery and obviously taking over the projects from a small team
You've already mentioned some of the experience and how it has been but what are have been the biggest challenges in your opinion just generally what are the biggest challenges to development of NFTs and all-ground and some of the opportunities and obviously what makes all-ground better.
Yeah, great question. Happy to come and jump on that. I think I can start with the latter and go to the former. By terms of what makes the algorithm great from an NFT experience, I do own a few salon and Ethereum NFTs, primarily just to learn and engage with other communities.
And the final thing is that for most users when they come over to web3, I think they do tend to go to something like Ethereum, which is a much slower chain and obviously buying something, picking purchase and having to wait several minutes for the NFE to eventually
pop up in your wallet or the transaction to fail and for you to spend all your gas fees as a big hindrance for onboarding users and I think the fallout to your vial ground being under four seconds makes it a very much close to web2 experience in terms of buying NFT, listing NFT, selling NFT
these different actions, which is I think very crucial when we look at onboarding the next million users to 2 web 3 and I think platforms like Ethereum will struggle on that side of things when we look at things like transaction fees and costs and obviously one of
many advantages of Algrand as well is if a transaction fails you don't actually pay any gas fees which is obviously not the case on Ethereum and I think there are a bunch of kind of unique technical things such as group transactions that I can kind of go on the technology side of things for a while.
by doing some issues. When we look at onboarding different brands and stuff to our grant, we are working on a few different brand partnerships right now. The whole environment, the friendly angle of our grant being carbon neutral and all these things is in 2023.
important for brands when they're kind of looking at blockchain solutions and I think you know our ground does a great job at praying forward it's a green angle all the time. In terms of the difficulties of kind of running an NFT marketplace I think a lot of it on the tech side of things is with the
to obviously all these new different standards which come up and how do we effectively support them without losing legacy support and I guess some of the reasons why we bought NFTX was for those reasons obviously we didn't have variety across the box for every single type of NFT that we wanted and
And it was a very manual process and getting certain pieces of this variety up as an example. And I think that will kind of improve the whole use experience when someone kind of comes over to random sees, you know, variety sales data across all the different marketplaces similar to kind of how blur, which is kind of the
the new unicorn popping up in the Ethereum, in the Ethereum's fair kind of dust things. I think there's a few things, you know, I'll have tea, um, marketplaces kind of learned from that. And I guess the other thing which kind of, um, which I've kind of learned a lot after the acquisition of brand is, you know, we do have
a very small community and managing the community is a big part of what we do. And you know, Professor Dylan, who I think is on the official Rander kind of has managed all of that in terms of making sure we are active and visible on Twitter. We recently implemented Intercom, so it's more
much easier for anyone to kind of reach out to us for support questions and we also have an intercom help section which kind of goes into data on for both sides from a creator, how you sell the shuffle, how you get listed and all these other things as well as for a collector kind of how you buy an agrarian NFT and going into some of the nuances around that because I guess
to onboard new people. A lot of it is about teaching them and showing them the benefits of our ground as well as kind of in a more easier sense on how to kind of use our ground as well, which I guess is a challenge when we do onboard new users. And I think the biggest challenge which we have when we are working on partnerships as well
on-boarding users for other chains. In my opinion, as an opt-in in our grand does have its advantages, but also does create a reasonable amount of friction when people are coming from other chains. That was great, I guess. And Serkan coming over to you, so I guess
We have mentioned some, obviously, the main three points which are the strongest fruits of algorand, obviously being carbon neutral, scalable as well as cost efficient. So as a product lead, what are some of the most unique things about algorand that excite you for NFT or related products?
Yeah, I don't want to be a parrot. I definitely think that part is 100% rights. The fact that I have spoken with brands around getting brands on board, Algorand, a brand for thinking of NFTs into the NFT world in general.
They all love the carbon neutral side. They all love the layer one. Smart contract side. They all hate the opt-in side. They don't hate it, but they don't understand why people still have to sign multiple transactions for XYZ. Obviously, it's a technical
challenge, but I think it's a technical challenge that is kind of being solved right now. So I think in terms of I don't have too much of a unique insight as to what makes algorithms great. But I do have an insight on how it can be how it can be how
can be used, right? And that's where we come in. I think the way the where pair comes in is what Agash mentioned last was around, okay, like this onboarding is difficult. How do we how do we make it fun? This collection system is it's kind of sketchy, right? So it's like the whole system in which
like the marketplaces are verifying all the collections are good and they're great but wouldn't there be an ideal world in which like the verified collections can be more decentralized, can be tokenized? Yes, there could be.
So the way that collections are handled right now for example is Is it is a way for like when you want to create a 1000 profile picture collection of 1000 NFTs you can do it and However if you are if you're let's say again
And you want to like create your collections within groups and subgroups and you want to actually have those be represented either on the chain or on or on IPFS. That's that's quite a bit harder now. So now I think the the 2023 will be
be hopefully a year where we come together as a very big team with a small community, talk about what are the future challenges that the gaming people have, the future challenges that small creators of NFT collections have.
and then find solutions to solve it together. I think that's what we've been doing really well so far, both with Rand and Shuffle, because both Ben and Gash and Bross are great people to talk to, as well as Green, sorry, I shouldn't mention Green as well, from Shuffle.
But that's what we want to keep doing, right? Basically start from scratch, what the first step of user experience of creating a wallet and what we can do to make sure that they have a good road, whatever it is they are working to do in our game.
So Adnan, a similar question to you, but more from a marketing angle. So marketing NFTs is an algorithm and you're obviously experienced with the community. How is your experience like with the community growing and building a product that obviously has a lot to offer in terms of NFTs?
Just generally, how has the experience been, obviously, been in the community and obviously building a product that has a lot to offer in terms of NFTs?
That's great at Nan, that's great to hear. Very exciting. So, obviously, just go back to a few questions before we start taking the questions. Ben, you've previously mentioned
mentioned obviously about the utility you brought up shrimp given example of shrimp. What are some of the other projects like just generally not doesn't have to be in all go ran but could be beyond that you've seen and you've really like in terms of offering utility as NFT projects.
Yeah, I think, I mean, you turn it, I think, is the key, right? This is what a lot of NFT projects are really trying to solve. And I think this is, you know, it's definitely the challenge. For me, I kind of look at it almost like, you know, there's an
right where you're taking the revenue that's generated from the primary sales and the royalties that the project kind of takes in and then from that you take out your operating costs and what's left is you know how you provide the utility and how do you do that in a way because you're
It doesn't make sense if you're charging someone $100 and then giving them a $10 t-shirt. The numbers don't add up. So this is where I think the project that will succeed over the next period will be the ones who actually figure out ways to do that.
I think a lot of the successful projects have been ones which are really the missing part of that equation or the way they're bringing value into it into that kind of close group is through empowering or leveraging or empowering that community.
I think that's a really interesting angle. I think projects where they've managed to have, and I think it's, some of it is easier perhaps when you're operating at a larger scale, you know, you've got a 10k collection.
you've got five to seven thousand holders, it does make it easier. The way you've got people from within that community spinning up their own brands and really starting to help amplify and do a great job with the marketing.
I mean, for us, part of our focus in terms of bringing this idea around real utility and I kind of liken it to the challenge that's faced by D5 when they talk about real yield. We've recently just announced that if you hold a go
plan of the one, for example, you get fee free trading on shuffle. And for us, that was a real kind of example of how we can bring some real utility to our community, how they can directly benefit as holders.
they can continue to do so over the long period of time, if they're high volume traders, which a lot of the original V1 holders are, and they have a lot of high value NFTs over a period of a couple of months, they could almost save enough in
in fees that they're going to effectively cover the cost of purchasing that NFT. So I think, for it to work, it's about projects being able to build out revenue streams that allow them to become sustainable and they're not just relying on primary sales and royalties.
I think that's the key. I don't think there's many projects out there who've really solved it effectively. But yeah, it's going to be a really interesting one to watch over the coming months, that's for sure. Thanks Ben, definitely. Do you have anything to add to that, Agash?
Hello. Are you? We can hear you. Okay, perfect. Yeah, in terms of utility, I think I think one of the challenges that we do have in our grand is obviously the number of collectors is quite small and obviously adding utility
when there's not really much royalty-renue being made is extremely hard. When you look at communities in the area of Salon, they're able to just from primary pool over a million dollars, two million dollars in sales, they might have your treaty, they can provide. It's completely different to
What you know someone who's making $10,000 to $20,000 in primary I think that's a problem that we do have in terms of when people Compare the utility or the developing capabilities of you know someone like you go who's kind of building a fully fledged AAA game or even a smaller community except seals who is kind of building out a pixel game
It's a very kind of different ball game, but regardless of that I mean there are amazing utility product kind of coming up I'm gonna think you know great example which Benji kind of already talked about was Mingo and shrimp and mostly friends and kind of you know shrimp games and kind of all these things which are happening a few other things other than that is obviously we do have
have a bunch of these community tokens which exist on multiple projects such as we have crammed from Crazy Gooseflow and you can earn them from doing missions. We have Aqua from Aquatopia which allows you to kind of update and upgrade your NFTs. So, you know, utility is totally coming and I think one of the biggest things and dry
for this is the arc 19 standards and a lot of the utility right now now is kind of rotating around kind of this update to updateable better data kind of image format which adds like you know a great a great about flexibility and also opens a bunch of you know gives
a shadow and he created a new create like an AI piece of work which used arc 19 and every single day based on fresh media interactions the piece would actually update and it's pretty cool because this piece of artwork actually sold in Christie's which is obviously a traditional
and traditional auction house and it sold for I think was £154,000 which I think would make it one of the highest selling outweighed empty pieces. Obviously the sell didn't happen on chain services not tracked by things like NFC Explorer and things like that but I think it's great to see a undripe primarily kind of
and the theory of art is doing is kind of first piece of an algorithm and we are working on something else which is also coming to our ground hopefully by the end of this year as well. Thanks for the insight Agash and you are certainly very exciting to see all the projects that are up and coming with the utility and also obviously we've touched to a great deal about the diverse
execution of assets and how they are developing. So obviously, thanks to all the speakers for their insights so far, we now are going to move to audience questions. And you're still -- and for anyone who's attending, feel free to
to ask questions and as I mentioned before we'll be picking a winner and you're going to score yourself a chance to win prizes which is very exciting. So over to the first question the first question is for Randge and Shuffle so that's from
Are we going to see some new features and end or customization option inside Rangandri and shuffle all go? Sorry, shuffle that would allow users customization of the minted NFTs or shuffled art. I think I'll let you go first, I guess.
Yeah, sure. So yeah, we are launching a bunch of credit tours within the next few months, which will kind of enable users to I guess in terms of this it would be updating things like our existing I met data and our 19 data of specific NFTs which have been minted. So yeah, in relation to
that we are launching some tools which will allow anyone who's been to NFT with any of the standards to kind of update what is updateable obviously with rx9 you can only update the metadata with arken 19 you can update the metadata and the image so yeah features like that are definitely coming to rangarri and a vehicle
kind of part of our creative tool set of yeah I think one of the biggest things that we are lacking is good infrastructure for creators and that's something kind of we are focused on being a creative and marketplace. Thanks guys, there you go Tariq, there really exciting stuff coming up from Ran Gallery so over to your Ben.
So one of the things we've been looking at is we've already trialled implementation of it is when a lot of NFTs nowadays and coming back to this question of utility is they'll have something attached to it. So the NFT might allow you to claim something or
you know, it might have, you know, a mingo might have an undrempt, mostly friend attached to it. So one of the things we've been looking at is ways that when that kind of claim process happens, how can we, like how can we automate that on chain and actually
in real time update the metadata so that someone can come along and they say, "Okay, I want to buy this piece, but how do I value it?" Because it's value is going to be very different if someone's claimed the underlying asset or something that's attached to it. So that's one of the things that we're looking at.
doing, I guess, is kind of in connection with this idea of working with creators to allow sort of updatable NFTs to be kind of utilized in different ways. And I think moving forward from that is about listening to creators and sort of
responding to them and kind of supporting them in terms of what they want to see developed in terms of updatedable standards and how we implement them. Thanks, Ben. Mutable NFTs are definitely something that excite me personally a lot as to a great deal as well. So the next question is
for Para, it's from Trav.algo on Twitter. Would Para consider adding verification mechanisms similar to how ASCs are handled with an ID requisite? And would it be manageable? And would the marketplaces here today support such a system? Thanks in advance.
Considering, yes. So here's the issue with that, I think. So in order to verify a collection or an NFT in Algorand, you have to do two things. First of all, you have to look at the end
it itself to see whether it has a valid image and all of that. The metadata is not global group and it doesn't contain porn or anything. And then you have to look and make sure that that collection is authentic as in it's not being sold anywhere else on another
blockchain as the same thing so that you're basically not selling the selling takes on this chain. That is really hard to do. I mean, I'm not the best person to say this, but like probably Ben and Agash can answer this better because right now the people that are doing this are
the marketplaces. And there is a system that works right now because then although this is difficult on their end, they become gatekeepers on what is verified on the algorithm. And then once this
is done when you're verified by a certain marketplace, it's kind of a token of legitimacy. Now, the pair's automated process in the future, if we have something in the future, would consist of automating and making sure that on other
other blockchains, the same image doesn't exist and the name and the description of the project is not also being sold in like OpenC on another blockchains so that this is not a copy. It would be a very big undertaking that we're not going to do right now.
And it has its own challenges for sure. And the whole, I mean, I'm on that boat, right? I know that collections are, they need some love, both in its current form and what, but we have a system that works that we don't want to touch just yet as per our own.
Thanks, Serkan. Definitely lots of challenges there. And I think I'll ask the same question to Ben and Agash as well because the second part of the question was about marketplaces supporting that. So what are your thoughts on that Ben? I'll let you go first.
Yeah, I mean, it's an interesting idea and like this whole concept of, you know, all the part of the premise of Web 3 and blockchain is, you know, everything should be decentralized and completely open and then on the other hand, you know, we've got market
places and a circumusay and talking about gatekeeping and is it up to us to verify things. I think for us it's the big advantage with going the verified route is you can go on to shuffle just as you can go on to random
and you know that if you buy an NFT that says it's a, you know, a Goanna or a Mingo or a crazy Gootslock that it's a legit NFT, it's not a knockoff, you know, you don't have to go and look up the creator address and check it and ensure
it is what it says it is. So there is value in that kind of gatecaps approach. I believe, and I guess I think obviously you're a lot more technical than I am. I'm sure you'd be across this, but was there a proposed arc
That was kind of sort of talk to this a little bit and it was essentially a way that you could, I'm trying to think exactly how it works, but it allowed you to
Say, you know, sort of on the creator level, you could specify like all the images that were in a or all the NFTs that were related to a collection. I've got a feeling I'd seen something like that at some stage.
Yeah, happy to talk to you. I think the standard was arc 30. I remember top of my head, which was I think originally proposed by Kindao. I guess the main topic standard kind of Benji was talking about was firstly for a creator to number one, choose what
assets belong to our collection but also importantly was to look at the metadata for the collection so obviously the artist can put what description what the promotional images, what the Twitter link is, what the website link is, what the Discord, all the stuff that I think most marketplaces require or display for onboarding.
for that side of things. And yeah, I think it's interesting, auctioned, especially when it comes to the metadata side of things. Obviously one problem which you can, which can occur is a different market depending on when you apply to what marketplace the metadata might be not the same and obviously creates a bit of confusing
experience if you go to shuffle you see one description go to round you see another description. For that side of things for metadata and specifically I think the ARC 30 is a good standard by I think for verification purposes you know I think every marketplace has their own method of verifying and adding connections that we have an edge
table form that people apply to and fill out a bunch of information and we do a bunch of checks that many Dylan or Ross do check is the art unique, has been minted on another chain. EGC, EGC, but yeah there's a lot of stuff that we do on the back end just to make sure that we know
We know with a great, you know, as much confidence as we can that, you know, this project is legitimate and I think it does help a lot. And I think we do, actually all the marketplaces do have like a 2DM group together where they do share if they do come across something which looks like scam, rug, uh, Australia copy of a
collection on another chain, and I think that has been quite a viable group for the NFT multi-paces to work together to act as gatekeepers for collectors to kind of reduce some of the things that Benji talked about reducing people by copying FTs or make sure when people do buy NFTs they buy kind of real NFTs and I think, you know, OpenC does go for the approach
to anyone to kind of list an NFT, whereas magic Eden do kind of the more gated approach for a shuttle and rad chronically. So I think there are pros and cons to each side by kind of on the side of a gated marketplace personally, because I think it provided much more protection to end users.
Thank you, guys. Those are very insightful answers from our speakers. So, Trab would be very happy. I'll just quickly, I know we've gone over time, but just quickly take a last very quick question, and it's a very nice concluding question as well.
IRL on Twitter has said, "Love you guys since each of you and your projects excel with engagement in different ways. I was wondering if you'd share your best advice for getting involved with the Olga fam community." So just quick, very quickly, I'll just go over to each of the speakers. So I think I'll let you start there, Agash.
I think I missed the question. The question was in relation to advice for getting involved with the algorithm community. That's correct. I think one of the best ways to get involved in the algorithm community is how I started was obviously just
buying some NSTs and getting involved in the discord. I think a lot of Web 3 activity and community stuff kind of happens in the discord and obviously, Discord's are becoming, like as we're talking about gated marketplaces, there are gated parts of pretty much every single collection discord that you can
kind of early get access to if you hold some of these NFTs and it's a great way to number one and gain some good alpha. Like give myself from the Guarana project I have gained you know quite a lot of reasonable alpha whether that's from Shipcoin Capital or the Guarana Holders channel. I think it's a very good way to get involved in the algorithm
I think the top of the screen is very high.
you know toxic members of the community, but I think it's a very open welcoming community to everyone. I think we have seen a lot of cross-chain people from Ethereum, Salona, Adam come over to our ground and you know be accepted and you know and all these other things and I think that is the kind of best way to get involved. Thanks, Egeesh. So quickly over to you Ben.
Yeah, I mean, I think it's a funny question coming from IRL because I think she's well loved, well respected member of the Algo family. So there's certainly been no problems on her end becoming engaged and becoming a part of the community. But like I said, the Algo family is a very well-known
I mean, place to come, especially for collectors. I think everyone here wants to see more collectors entering the ecosystem. So I think just just come, ask questions, be open and you know, every time I see someone, you know, you entering a discord or asking around on Twitter, there's always this overwhelming
response to people who are ready to help. Whether it's just pointing them in the right direction, direction, and resources, things, and just get stuck in. Just dive into, you know, by some NFTs, get into the Discord, jump onto Twitter, and I think you'll find yourself at home in no time.
Cheers Ben, over to you, quickly, Serkan and Adnan. Yeah, I mean, the one thing I'll say is that another part of the Algrant community that are very welcoming and that really are, if you're
to that sort of thing is the gaming community and they are very closely related to with NFTs obviously most very NFTs are or will be up on these marketplaces right and they are they are also very welcoming community there there it's very it's
also not as seen for now. And yeah, then they also want to change that. But anybody you talk to, because we are a small community, you're gonna feel much more welcome than you would in another change. So definitely get started with that, for sure.
Yeah, yeah, each time I agree with the speakers, I agree. We have a very welcoming community. Just get your pair of a loot and start building relations with the other people.
Yeah, nothing bad. Other than thanks at none. Thank you. Thanks at none. Thanks, sir. So unfortunately we've run out of time. We've actually gone over time, but obviously it was obvious when we're talking about NFTs, we were meant to go over time. But yeah, thanks to all
the speakers from making the time the joining us today giving their insights really loved hearing everything from all of you learned a lot myself and I'm sure our audience enjoyed the session as well. Thanks for everyone who joined as well for making the time for sharing with us. Sorry we've run out of
of time and we couldn't get to the other questions, but thanks for sending your questions. And just a quick recap, obviously we've discussed and really deep-dived into how obviously the diversification of assets that are being mintered as NFTs,
We've spoken about onboarding and how it's becoming ever important. The user experience and utility that are the missing pieces of the puzzle. And we also got to discuss about the challenges, opportunities and obviously the community engagement and development side of things.
so much in so little time. And obviously if you join late or halfway you can always come back and listen to the recordings. The session is recorded. So once again I'd like to individually thank everyone. Thanks a guys, thanks Ben. Thanks
at NAN and SIR Khan for making the time and again thanks everyone for joining us and we'll see you next time. Have a good one. Thanks so much for your patience. Thank you everyone. Listen to me. Bye bye. Bye.