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Special Council Candidate Showcase
Recorded: June 27, 2023 Duration: 1:09:01Space Recording
Full Transcription
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Hey, Vera, this is Kat.
Before Karma goes, there's multiple links that were just dropped under us that are scam links that look like are from the founders.
Can somebody block those?
Sounds good. Thank you.
Okay, I'm going to continue.
Yep.
Great.
Yeah, the rack shows there's a lot of work we need to do.
We need to rebuild infrastructure.
Yeah, so I was talking about my vision for ApeCoin DAO, right?
A symbol of a referee culture.
Let's make ApeCoin to be that one.
We definitely have a leading role right now.
So, meanwhile, I want to see more different NFT or F3 communities adopt ApeCoin.
Think about Azuki, CroneX, even Punk, MidBits.
You know, engage with them, convince them, use adopt ApeCoin to be the fungible tokens of the R3 initiatives, whether it's manga, movie, gaming, IRL events.
Nobody really thought about it, talked about it.
I think that's exactly why we need more creative initiative to come up with a concrete use case, you know, of ApeCoin.
And there are so many room for that.
And that's something that I really want to see happen.
I'm happy to be part of it, to push it forward.
So, support some other NFT communities, crypto communities, but also from different parts of the world.
And I definitely want to onboard members, new ApeCoin holders from, say, Asia, South America, Middle East.
I'm right now traveling to Japan for a crypto conference.
I'll be in Dubai the next month.
There are just so many people, like young generations, are willing to learn more about crypto, referee cultures.
And these are our target audience.
We want our community to grow.
And look at these places.
There are a lot of friendly regulations here.
They're really open for adoption of NFT and cryptos here, whether it's Japan, Dubai, Hong Kong.
So, that's why I think this definitely makes a lot of sense for us to onboard new members here.
And not just onboard them to be a holder.
Because the beauty of breakthrough is founders, owners, users, they're all in the same community by toting the assets, whether it's NFT or ApeCoin.
And just now, some other candidates talking about attract the talents, right, to build for ApeCoin.
That's a great idea.
But how about we attract talents from different parts of the world?
Talents from Vietnam, from Brazil to Dubai.
And make them not just ApeCoin holders.
Make them a user to play our games, attend our events.
But also, make them come up with great AI piece.
So that at the local level, there's a use case for ApeCoin.
And globally, there are more interesting ideas and use case.
Finally, I'm going to talk about, we want some more progress.
And we want some change to happen to ApeCoin DAO.
So we want new face.
I've been all in DAOs in the past 18 months.
Every day, what I'm thinking and working on is DAOs.
DAO, DAO, DAO.
So I really want my experience and knowledge can be applied, you know, for the betterment of ApeCoin DAO.
And I'm a person with TriRacCard, you know, because, and that's exactly ApeCoin DAO need.
People with TriRacCard have done things like constructing projects, use case.
And yeah, so I'm ready to serve ApeCoin.
And thanks again for creating this space.
Because every time we talk about ApeCoin in different space, two different communities,
it's a chance to onboard new members, to share our visions.
And that's exactly in the next 12 months I'm going to do more about.
Thank you, Kama.
And thank you, everyone, for rejoining this Twitter space.
And we're going to get to the section of questions.
And we're brought, like, some community member up as well.
But Yat was in the first, was the first in the line.
So what's your question, Yat?
Great, wonderful.
So, you know, I'm sure a lot of people have already asked you some typical questions.
So I'm going to try something a little different, just because I love throwing curveballs.
And since I get to leave, I don't have to be accountable for them.
So it's wonderful.
Anyway, so I'll start with this question.
I'll probably have some more, but I'll start with this one, which is, you know, decentralization invokes a kind of democratization, as we know.
And I would love to hear your perspectives on just how democratically you think a DAO like ApeCoin should be run.
I realize that this is an opinion, and this would be something that the community would vote on.
But I think it would help sort of give the community an idea as to what some of your leanings might be in terms of your perspectives of how a DAO could be run.
After all, one token, one vote is not the same as one person, one vote.
And as we know, there are pros and cons to both.
One particular design could be viewed as a little bit more egalitarian, but perhaps also more socialist versus another, which is more capitalist perspective.
So I'd love to hear your quick thoughts as to, you know, what your thoughts are as to how the DAO should be run, you know, from a democratic perspective.
And, you know, anyone can speak, you know, however you wish.
Thank you, Yat, for the question.
Well, Ben, you can go first.
Awesome.
Yeah, great question.
Very interesting.
Very much what I expected from Yat.
So my perspective on this is, you know, sort of setting aside the ideals for a second.
And what we need to make sure that we're doing is keeping the DAO functioning properly and keeping DAO members engaged.
Right.
So, yes, you know, a perfectly democratic system would be one person, one vote.
A purely capitalist system, arguably what we have now, would be one coin, one vote.
And, you know, so the sort of risk from my perspective of the system that we have now is that, you know, with staking and with just the, you know, accumulation of ape in the hands of certain voters, you could get to a point where eventually the average voter feels like their vote doesn't matter.
Right.
And the large whales and the average voters perspective, the large whales have too much influence and even all, even a bunch of the small voters together, even if all the small community members band together, if it ever gets to a point where even then they don't think they have enough influence and the whales are too powerful, that means we're going to start to lose participation and we're going to start to lose interest in the DAO.
And so that is what we need to guard against, right, that sort of practical concern about making sure the DAO functions properly and that the members of the DAO want to participate.
So with that in mind, I think we need to be responsive.
We need to be keeping an eye on how is voting going, you know, how sort of centralized is ape becoming in certain, you know, holders, certain wallets.
And we need to make sure that we're keeping our tabs on what is the mood of the DAO, what is the mood of the community.
You know, I think the way the DAO is functioning now well is working well, but I think it's also partially because there are certain large voters who are trying not to, you know, trying not to vote in ways that purely benefit them.
Right. Recognizing the sort of fragile nature of the DAO system and the community.
Right. So I think we need to be intentional.
We need to be responsive. We need to keep our tabs on the situation.
You know, for me, if I had a principle, a stake in the game, my stake is that I want ApeCoin to succeed.
I want the DAO to succeed. And that means high participation and satisfaction from DAO members.
Thank you for your answer. We can go next. I remember Captain Truby put his hands up.
We can go with the order. Thank you.
Thank you, Vera. And thank you, Webam. That was good.
I look at it as kind of a three-pronged approach right now.
I think there's a number of ways you can do this. And we have some very good examples out there.
First of all, you can vote as an individual. You can be as active of a participant as you want, be engaged, be engaged in discourse, study the AIPs, give feedback, and vote with your wallet and have control over that.
The second way is through delegation. And, you know, if, you know, some voters may have 10 ApeCoin, 58 ApeCoin, you know, just may not want to be as engaged.
And you can be as engaged as you want with one ApeCoin.
But if you have fewer ApeCoin and you're saying, hey, I don't want to be as engaged, but I believe in this particular leader, which is within the DAO, I'm going to delegate to them.
I trust them. We tend to align on votes.
And I'm going to delegate to them, you know, to kind of vote and speak on my behalf, and you can delegate to them specifically.
One of the unique things about this and the next approach that I'm going to say is that also if you don't particularly like the way that delegate voted,
you still have the right to go and vote yourself and to still have that voice in your own perspective.
The third approach is a little unique, and that is kind of a community-slash-NFT-based voting model.
And I think the example we see of that is from Mochaverse, is one example that we see of that.
And that is where either the community, their community can delegate to that overall wallet,
or the community as a whole has a multi-sig wallet that is controlled by the overall community.
You can vote with the NFTs from that community.
And again, if you delegated to that wallet, you can still vote separately from that if you disagree.
But, you know, as a community, you know, you can have, you know, certain representatives within the community that are more engaged,
that want to report back and kind of have like your own little discussion and forum within your community to get user feedback.
And so, you know, there's a whole wide range of approaches that we can take to this.
And I don't think that it necessarily needs to be right now like, hey, let's go change the voting in some different fashion at this moment.
I think the way we have it set up works now.
I just think we need to continue to teach, learn, and facilitate some different voting mechanisms to put – to give people options
and make sure they feel important and involved in the DAO.
Thank you, Captain.
We'll go next, Karma, and then follow with Suiki.
I would like to, if possible, to have a separate time with you to talk about it because I love these questions.
Yeah, I can talk for hours.
So, for me, there is no, okay, 100% pure democracy.
Obviously, because even in the reality, in the real world we have, we have more like a representative democracy.
So, we don't like vote on every single proposals of government.
We choose representatives, right, from the original level.
So, it's all about the degree of democracy, okay?
And so, in the case of DAO, we're talking about centralization and decentralization.
So, it's the degree of these two things that works the best.
Something I call it the sweet spot.
It's never easy to find a sweet spot because we are still in the early stage.
We are still doing a lot of experiments.
But I would say it's more of an art than a science.
And in the case of ApeCoin DAO, when we launched, we started with tens of thousands of holders, wallets and wallets.
It's a pretty big size nowadays for crypto.
So, we started with a group of big communities.
So, unlike some other DAOs, they start with something called progressive decentralization approach, meaning they're quite centralized in day one.
But they make it more decentralized throughout the ways.
We have, like, a very diverse holders.
So, it's the sort of our culture, our DNA.
I think that the most important thing here is transparency and accountability, okay?
So, for democracy, whether we are talking about electing people to sit in a special council, working groups, we want transparency from them.
So, the token holders, they can see, hey, what have they done?
What have they achieved?
Am I going to still support that person in the next election?
This is crucial.
Without transparency, there is no community engagement.
Accountability, that's important because we are here to build great things together as a community.
We said we want the talented people to sit in those positions, to perform, to serve for the community.
But we also want them, hey, you have to deliver.
We have to make them accountable.
So, it's just like, so I really like how we design the terms.
One year, six months.
Because when there is something that goes wrong for whatever reasons, maybe the candidate is sick or just don't perform that well, so we still get a chance to re-elect, make sure the new candidate is accountable to the communities, achieving what the communities want.
So, when we talk about democracy, desensitization, there are important factors such as transparency and accountability I'm talking about here.
Finally, I want to point out, DAO is not a political entity.
One person, one vote, works well for nations.
But DAO, are we a corporate?
Are we a political entity?
Are we an alliance?
We're still trying to find that identity.
So, one person, one vote, might not fit DAO for most cases because we are not a political entity.
I'm not saying that we shouldn't have representations.
We should.
We should have representations.
So, one token one vote, going back to yes questions.
There are some, okay, it has been the tip, it's been adopted for the majority of the DAOs, use one token one vote.
Okay, whether it's DeFi protocol, some other DAOs, you look at now, it's DAO, NFC DAOs.
I think there is reason for that.
It's because it's simple, it works well, okay.
Committee members, they understand it, okay.
How many tokens I vote, I got, that represent how many votes.
Easy to understand, easy to execute.
So, I would say it's not, okay, there are some drawbacks, there are some room for improvement.
But I believe the wisdom of the 8-point community.
Look at the stage.
There's so many talented people here.
We can listen, we can always listen to community improve our voting mechanism down the road.
And, yeah, so that's my view on that.
Thank you, Karma.
We can go for Suiki.
Suiki, go ahead.
Thank you for waiting.
Yeah, so I agree with Captain Trippi.
This is all very experimental, and, of course, the end goal for the DAO, of course, is to be fully decentralized and run without the need for, you know, more touch points or human intervention or control.
So, personally, I like to see eventually to minimize the touch points, but I think right now, and I won't, like, regurgitate all the things that I've heard, but I will touch on, for example, working groups.
A lot of people wondering, like, how is this decentralized, you know, localizing all of these decisions.
So, for me, I think it's really important to keep on these milestone events to see if they're actually working.
So, sorry, there's a car.
So, I want to continue to see people participate because, in my perspective, you know, there's a lot of miscommunication about, like, what actually and how delegates, you know, work within the system.
I think right now, especially during this election cycle, voters are feeling a bit disenfranchised, especially with these bigger votes.
But I think it's important to connect with them and kind of bring them into the system so that they can figure out where they fit in with other delegates or localized groups.
Thank you, Suiki.
We can go next.
Threat, if you have anything that you want to comment on.
Yeah, thanks.
I'll just jump in and add, like, many that went before me said that it's a very experimental process on the road to true decentralization.
And I think more than anything, within the DAO, it's essential to really keep a finger on the polls with voting, sentiment, and hearing out the community.
I think more than anything, ensuring community members, one, feel their vote matters, but two, are truly heard, is the dark horse and key to participation and to activating what this DAO could truly unlock.
I think transparency is key, and Karma Pocket really touched on that.
I think it's essential for participants within the DAO to have truly an in-depth understanding of where their votes impact and the exact outcomes of the activations, because truly empowering their voice is what I believe the only way to empower community.
I think more than anything, in this entire system, we have to encourage participation and ensure that community members feel heard and important while we ease into impactful decisions that really alter the roadmap and the direction of the DAO.
Thank you, Threat, and thank you, everyone, for answering the question.
Yeah, do you have more questions?
Or for G and Jerry as well?
I have questions, but I'll wait.
Other people have questions first, and if there's time, I'll raise my other question.
But thank you very much.
It was very helpful, I thought.
Yeah, you can go first, since it's your last week.
We're really sad to see you.
I don't want to dominate too much, but all right, fine.
This is my last question, because I do want other people to ask questions.
This is a little bit more fun.
But, you know, again, I did send this to the Board of Gazettes, because they asked this maybe, so you already might know this, but maybe for people in this channel, they may not have heard of it.
But so the question really was around trying to understand some of your sort of sort of some of some more about you yourself.
And so this question is, you know, if you could recruit a sidekick, like a special advisor to you that could help run ApeCoin better together with you as sort of like a private assistant, it could be anyone in history, could someone who's deceased, it could be a politician, it could be a scientist, it could be any person in the world that you could think, it could be someone a thousand years ago.
Who would this person be and why?
I knew I knew I knew I'm asking you to to to answer a question first is a good, good idea.
And it's I love your question.
So whoever want to answer.
OK, Suiki, go ahead.
OK, so this is like the toughest question that people have asked us so far, because it's just so broad.
But for me, you know, I've had many different answers, but I think I've kind of boiled it down, not to a particular person.
And who exists, but someone who is technical in ways that I am not.
So that way, the things that I can envision the Tao building and the direction that I would like to see the Tao go in terms of, you know, bringing in new blood, bringing in people who have really big ideas.
Because after all, this Tao is meant to do big things, change the world, you know, uplift people in different types of communities, in different types of sectors.
So for me, I would have somebody who's like consistently technical on my side.
So any single technical question that I had could potentially just be executed right then and there.
Thank you, Suiki.
Karma, you can go next.
Yeah, I've been asked these questions in other space before.
My answer for that, it's a great question.
My answer for that is it's going to be Gandhi, Mahama Gandhi.
Because there is something that I think is super important, extremely important for people sitting in the special council, is the integrity.
In Tao, there are a lot that has failed in the past couple of years.
And quite a lot of it has to do with not just the capability, but the good intention, the integrity of the teams.
Yes. So I would say a person like Gandhi, he, from history, you know, he shows he is a person, a great man with a high integrity.
He also knows how to put community interest above personal interest.
That's extremely crucial for special council.
Where there is a conflict of interest, how do we do with it?
How to make sure the community comes first?
How can we make sure there was no bias opinions?
Making more objective, independent, critical thinking skills that we bring in to consider for the benefits of the whole Tao.
So it's not, I would invite somebody not just giving me technical or purely legal advice.
Because we have, you know, the Tao have resources to hire professionals to give us.
More technical advice.
But when, just from our life experience, right?
One of, some of the most crucial decisions we make in our life, it's like you're gut feeling.
Something from the bottom of your heart telling you it's the right thing to do.
It's not about calculations.
It's not about money, financial.
It's about doing the right thing.
It's the good intention of high integrity.
So I would love to have somebody like Gaudi that can give me advice when I come to situations there are difficult decisions I need to make.
Not just the technical science, but also look at how the community as a whole can benefit from the right choice, right decisions being made here.
Thank you, Kamra, for the answer.
Captain Trippi, Thread, and Wolfman, feel free to open your mic whenever you're ready.
Yeah, this is Captain Trippi speaking.
Could go with a number of different options.
You know, because we are, in a way, within this DAO, setting up, as Yad had asked in the prior question, setting up our own form of decentralization and democracy.
I think that Thomas Jefferson would be somebody that I would want on my side, kind of helping guide some of the foundational ideas of being able to set up and run the DAO.
You know, certainly might have some controversial sides, but also just the knowledge of setting up those processes is something that really kind of stands out to me.
And one of the reasons for that is, over spring break, I was able to take my family to Washington, D.C., take my wife and kids.
We all went.
The kids went for the first time to Washington, D.C., learned about the history of the United States, and then later visited his home at Monticello.
And so that kind of stands out for me.
As far as somebody that's alive, and this is a little bit more of a playful answer, I would lean on one of the founders of Ethereum.
And that's Taylor Gehring.
Wilban, you want to go next?
Sure.
Yeah, I was also asked this question the other day, and I'm going to double down on my answer, which was Steve Jobs.
And the reason is, you know, he led multiple companies, you know, he scaled those companies, you know, he had an incredible vision that he executed.
You know, he wasn't just a product designer, but, you know, he was able to understand what the customers wanted before they knew that they wanted it.
You know, and I see that translating over to ApeCoin, right?
We, you know, those of us in this room see the potential, you know, for this coin to really be that coin of blockchain gaming, of the metaverse, of metaverse culture.
You know, and a lot of other people in the world don't really understand what that means and have no idea what ApeCoin is.
And so, you know, we might have the idea, but we need to think about how do we position the DAO and how do we position, you know, the infrastructure and the opportunities so that it falls into the laps of all of those people and that they realize, oh, this was exactly what I was looking for and I didn't know it.
So I think having somebody like that who has a track record of doing just that would be an incredible sidekick going into this world.
Thank you for the answer, Wilban.
And we can go to Threat Guy, if you have any.
Yeah, thanks for the question.
And I promise it's not a cop out.
This was my previous answer.
I'm doubling down on it.
Steve Jobs and, of course, Gordon and Garga.
But I'm coming at Steve Jobs from a little bit of a different angle, less focused on scaling the companies that he did, more so focused on the visionary and genius level marketing.
And I think ultimately great marketing includes storytelling.
It includes simplicity.
And overall, it inspires brand champions.
I think all three of those are missing from the ApeCoin DAO right now.
I think the brand lacks a true vision, a mission, and the broad awareness that has ultimately led to a disconnect between the initiatives that DAO wants to achieve from the builders it needs to onboard to achieve those missions.
And in my opinion, the only way to maximize potential of the ApeCoin DAO is to truly spread brand awareness and attract the talent that we need and can leverage to propel the DAO forward.
Thank you so much, Fred.
You know, who I want to keep is Yat.
I want to keep him on the stage for every single space that we're having in the future as well.
Yat, I really appreciate that, all the questions that you've been asking.
No, thank you.
And just quickly, so for those of you who've heard this question, Board Ape Gazette asked me for a question that we should ask.
So I gave him a question, but I didn't hear the responses because I wasn't attending that space.
So it's great to hear that.
So thank you very much for that.
And just quickly, I don't want to take over the stage too much here.
But, you know, I'm, you know, just because I'm leaving the special counsel actually doesn't mean at all that I'm gone, right?
I will be very active in the space.
You will see some AIPs from me.
I will be able to do stuff that I actually couldn't do before just because I was on special counsel.
So I look forward to being on the other side as it will.
So thank you.
Thank you, Yat.
I appreciate your time as well.
Now, Gia Najiri, if you guys don't have any questions, so we're going to go to the guests.
Go ahead.
I really appreciate hearing the community.
Thanks for that.
Okay.
Thank you, Profit, for waiting.
It's been a while that you're waiting.
Thank you for your patience.
Go ahead with your questions.
No questions.
About to take off.
Had to come support.
I will say, very impressed with the candidates.
Keep it up.
I'm excited to hear the rest of the debates throughout the week.
Stay true to yourself.
And, you know, great job.
Whether you win or lose, this is not necessarily a loss.
This is a learning experience.
So keep it up.
Thank you, Profit.
We're bringing another person up with one question.
Hello.
Hello.
Squirtle.
Yeah.
How's it going?
Squirtle.
Sorry.
No, no, no.
All good.
All good.
So I apologize.
Thank you for waiting.
Go ahead with your question.
No, of course.
Yeah.
But my question was more geared towards, like, what do all the nominees kind of envision
how DAOs should be formed in the future?
And, like, what kind of ideas they are taking into this role for how to shape the DAO?
I think, like, ApeCoin DAO should really be setting, like, new best practices, new standards for, like, what DAOs can be and should be, being that it does have some of the most capital in the space to do those type of things.
So whether it be like a more modular structure within the DAO, or creating smaller working groups within it, that could be under the council or things of that sort.
It's kind of curious, like, what actionable ideas everyone has, not just like, oh, we need more involvement, right?
Like, what are some actual paths to that?
Go ahead with Ben.
Thank you for asking.
Yeah, no, it's a great question.
I'm really excited to answer it because we've been working on this, Squirtle.
We've got a working group structure that was set up through AIP239, which was approved a couple months ago.
And so the governance working group has recently been set up, whose responsibility is to, you know, improve the governance in the DAO, work on the AIP process, oversee the discourse facilitators and discourse moderation, you know, and really think about how do we make, how do we improve governance in the DAO?
And just recently, a working group got approved called the Metaverse Working Group, and that working group, its responsibility is partially to support content creators and creatives that want to build in the ApeCoin DAO and in the Ape ecosystem, and also to seek out partnerships and opportunities for more Ape use cases by looking at partnerships with, you know, blockchain, blockchain gaming companies, companies that want to build experiences in the metaverse.
So there's actually been a lot of work over the last six months that went into creating this working group structure.
If you want to look back at the history a little bit, you can look at AIP196, which was approved late last year, that created Working Group Zero, and then from Working Group Zero and AIP196 eventually emerged AIP239, which was the governance working group and the recommendations for future working groups.
And then AIP245 created the metaverse working group, and there's actually two more working groups currently at special counsel's desk, and that's for a marketing communications working group and for a treasury working group.
So the structure's there. I won't try and explain it all right now, but, you know, essentially there's a steward role.
The steward sort of oversees the functions of the working group.
They have initiatives that, you know, each working group would have a number of initiatives that it's responsible for.
The stewards are responsible for making sure the initiatives are implemented.
They're responsible for managing a budget.
And then, you know, the working groups are responsible to achieve the things that they're being asked, that they've been mandated to do.
And a cool part about it is anybody can propose a working group.
You know, there's a structure there in AIP239 that you can use, and, you know, hopefully it's infrastructure to achieve a lot of these long-standing goals in a year and three months of existence.
Thank you, Olvan.
Go ahead, Suiki.
Hi. Yeah, so, you know, he expanded upon all of the working groups.
But I think also one way I talked about this in the last space is really incentivizing people to be here, right?
So we have different types of things like Thank Ape.
We have artists who can possibly come in, and we could incentivize Powered by ApeCoin.
So these are all actionable items that we may not have to wait necessarily for the working groups to do,
although I think a lot of the growth will happen within the working groups.
But I just want to make sure that I say that there are actionable things that can be done, especially, like, going through in AIPs, right?
So I just think that there's ways to kind of bring creatives over to the table and have them grow alongside of us with that in mind.
Thank you, Suiki.
Thank you, Suiki.
Karma, go ahead.
Yeah, there are many things we can do.
So one area I want to touch on today, given the limited time we have, will be inspiring more people to submit AIPs.
Because I think the beauty of a DAO is we got so many tiny people from different parts of the world in the community.
A lot of them might not understand how the AIP process.
So it will be nice, a nice thing to have to actually educate more people, they can submit AIPs, and then making something easier and also scary so people can come up with AIPs that build initiatives, results, and deliver for the DAO.
I know we've been trying to do that, it's in place, but what I'm trying to say here is, we should do more in engaging people to be part of the team, to be part of the builders from the community point of view.
I'm going to give an example.
For example, in the other studio space, I was asked, if there's one AIP you're going to submit, what would it be?
I only have like 10 seconds to think about it.
I said, okay, how about we do something called Apeathon?
Okay, it's like a hackathon.
We do in different parts of the world, events, people gather together, engineers, founders, creators together, come up with new projects, new ideas.
But there's only one rule.
Your project has to be powered by ApeCoin.
Use ApeCoin, make it a use case for your projects.
And then we are combining the beauty of IR events.
And then also, we can gather talents from different parts of the world.
They can be from South America, you know, from Argentina, from Italy, you know, from Mexico.
So every time we're doing this, we are expanding our community, right?
It's good to have inflow of new talents, keep coming fresh blood, so that make our community vibrant.
And so the thing I'm trying to say here is how can we have a mechanism that inspires more people to come build for the doubts?
Not just focusing on one single team.
No, within the doubt, do it.
Make it inclusive.
Be open.
I think that's the right way to do it.
If you don't mind, just real quick.
I kind of love that response there.
Because there are two things that came up in my head when you said that.
I'll keep this real quick and I'll jump down.
But along the lines of the hackathon idea, I think that's amazing to bring incentive to developers to come in and just build stuff.
Something like a retroactive public goods funding type of thing.
Kind of like what Optimism has for the protocol, but have it within ApeDAO where people build things.
They can get funding retroactively from it.
I think that'd be amazing.
And then visualize all the working groups within the ApeCoinDAO website.
Just so people can kind of see what are these groups, what they're doing, how they can contribute to them.
I think that's right in line with it.
Thank you for your question.
I just want to comment a little bit here.
You know, we also had an AIP pass with East Global.
So ApeCoin has been, you know, hosting, being part of the hackathon of East Global has been hosting.
So if you guys happen to be at any city that East Global is hosting hackathon, feel free to be part of it as well.
Is anyone want to add on top of the questions that he asked?
Or if not, we're up to the time soon.
So if no more questions, we're going to wrap up this.
Yeah, I'll jump in and just give a final thought on that last question.
Thank you for the opportunity.
I think that the ApeCoinDAO should be setting the standard as a blueprint for what DAOs can achieve in the space.
I think that the key to truly continue spreading the vision of the ApeCoinDAO is educating outside members on how they can participate while synonymously keeping ApeCoinDAO at the top of the news cycle where it currently isn't.
Secondly, I think incentivizing participation is absolutely key because the outside community will not care and will continue to not pay attention unless the DAO inspires and provides reasons to participate, reasons to get involved and reasons to care.
I think it at the top starts with, in my sense, leveraging my platform as an incubator for innovative ideas and discussion around what the DAO needs, AIP proposals and how we can empower community members that are inside the DAO and outside to come in, have a discussion in a public forum that breaks out of the current outlet, which is the forum's discourse, and expands to really the airwaves of groups and perspectives and ideas.
Perspective and ideas that are far and away outside of the ApeCoinDAO in its current form.
And just to sum it up, I would say, ultimately, the only way that people are going to care about activations within the DAO is if the DAO gives them a reason to care.
And right now, unless you are a diehard day one contributor, there is not a reason to care about what's happening in the ApeCoinDAO.
Yeah, so a lot of this has been addressed by the previous candidates.
I usually like to go first to be able to provide unique answers.
You know, I think there's no absolutes here.
I think that there's different approaches that can be made in this combination of things.
And so certainly working groups are a part of that.
But I would also like us to see us work a little bit faster and lean into things we can do now as an organization.
And so I know this seat is not a CEO role, but there are certainly platforms and ideas that we're all bringing to the table and that we all want to be able to influence and push forward.
And we're all bringing something here.
You know, but at the end of the day, we really have to get the right people in these different parts of the organization.
Just because it's a decentralized organization doesn't mean that it has to be slow, unorganized.
I think having structure to this and giving people the tools to and the right people, the tools to work and to work fast and to build things and to leverage the community to, you know, not just, you know, one or two individuals, but to be able to leverage the community as a whole to get the word out.
And so, again, I think that I think we can do that as a DAO.
So I'll stop there.
A lot of the candidates already had some fantastic answers.
And so, you know, I'll wrap it up there.
But, yeah, happy to be here today and excited.
Excited to keep this going.
It's been a long day for all of us, I know.
Well, Jerry has a question.
So he needs to ask his question first.
We'll wrap up in a few minutes.
GM, everybody.
We're GN.
I would actually like to, first of all, just say that, yeah, is going to be sorely missed.
He's irreplaceable.
He's an absolute legend.
I've learned more from him in the last six months than the previous two years in the space.
I just can't say enough about him.
And he's an absolute treasure in this space.
There's just nobody like him.
So trying to fill those shoes is going to be, you know, absolutely impossible.
That said, I do have a question for everybody that I find to be, you know, relevant, which is specifically not too vague.
Hopefully you've had some time to consider this over the last month or two that you've been pondering how you're going to run for special counsel
and listening to the community and all the things that the community wishes to address.
What's your specific plan or a plan for how you are going to or how we could integrate or entice other communities to integrate with ApeCoin
and adopt ApeCoin for their projects, even if they have their own token?
I'm just curious if you have any thoughts or ideas on that.
We, this is Kat, we touched on this on the last basis, which obviously the day is starting to blur together.
So as far as ideas for other communities, I think it's a conversation that you have with each individual community.
I don't think that it's necessarily a cookie cutter approach.
Having said that, I think that there are ideas that you can take to projects to be able to give them the ideas or to help facilitate that.
I think having those community wallets, multi-sig wallets where, you know, the teams can vote and participate
and also, you know, as part of those token allotments to be able to use them in such a way that both benefits them as a community,
but also benefits the overall ecosystem as a whole.
So whatever that looks like, whether it be directing them to the metaverse and other side,
if that's the best place to send them, you know, maybe an event, maybe something that they want to build as a community.
So there's some kind of software or infrastructure that they want to build that can be run on ApeCoin.
And some of it goes to their, you know, treasury and some of it goes to, you know, elsewhere to benefit the overall ecosystem.
So, but I do think that it's a conversation to be happy.
It's a discussion that can happen both openly in the public for the broader community at large and for founders.
But also, you know, in a room discussing, having conversations, listening.
I think, I think those approaches will help continue to drive this forward and get more communities to adopt it.
Go ahead, Karma.
Yeah, it's a great question.
Yes, cross-communities collaboration is something I like.
Absolutely.
As you can see, Mochaverse is also a delegate of ApeCoin.
So I've been that committee since day one, since Mint.
Diamond Hand, very engaged with the communities.
Just want to share a little bit of experience I had.
When the announcement being made, hey, there was ApeCoin being delegated, our community can vote.
But surprisingly, a lot of people are kind of confused.
What does that mean?
Okay, can you maybe give me ApeCoin instead?
Is that the voting right?
And then I start to explain to people in the community how important it is, what's the meaning of it, and how influential it could be.
So what it shows is a lot of people, they don't understand how DAOs work.
Okay, they don't understand the role of delegation.
How they can, like, without the basic knowledge of the DAO works, how can they, you know, interested, be part of it or engage with it.
So there are a lot of education and communication need to be done, you know, before there are any, like, actual collaboration being happened.
Mochaverse has done a great job.
They host, like, five-titter space to invite candidates to join, create a platform for them to share their points of view.
So everybody in their community learn more about the candidates, learn more about how ApeCoin DAO works.
And they buy ApeCoin.
They start buying ApeCoin.
They want to be part of the ApeCoin community to progress.
And some of them are thinking, okay, maybe I should submit an AIP to ApeCoin as well.
Now I understand more.
I can do good for the community.
Yeah, so that's the experience I have.
I think it will apply when we talk to other communities, invite them to join, okay?
There are two ways we can do it.
First, we can talk with the teams, basically, the founding team, the leaders of the communities, like maybe the Azuki or the Kukas, you know, the management team.
Okay, so a little bit more like a top-down approach.
Hey, convince them.
Tell them, hey, we are not a BAYC, another profile pick, not your competitor.
We're a fungible token.
We can be part of the ecosystem.
You know, we already have tens of thousands of holders.
And then we have a very sizable treasury.
How can we figure out ways can benefit you, support you, your community, using ApeCoin, integrate ApeCoin.
And let's talk.
So one approach, more top-down.
Another approach, both thumbs up.
Talk to the NFT holders, okay, to the community.
Onboard them.
Okay, you can just buy one ApeCoin, be part of the community.
And right now, you're not just in Kukas or Konex or Doodles.
You're also in ApeCoin DAO.
Leverage what ApeCoin DAO has and come up with a proposal, engage with others, or just learn how DAO works.
Okay, so we can have more people from the bottom-up approach, join, and then collaborate with ApeCoin.
So I don't think it's going to be the special counsel's main duty to do it, but we can find out how we can make it happen, you know,
under the working groups or come up with new AIPs that are focusing on integrating other NFT or crypto communities, adopt ApeCoin.
Feel free to put your hands up if you want to answer this question.
Sure.
Sorry.
I, you know, I've already kind of gotten into incentivizing artists, but one thing that I do notice is, like, there's probably lots of ways to solve it,
but right now the main issue is that currently, like, just plagues the Web3 space, which is the application, you know, gas being the enemy of IRL or just utilizing, right?
So it's just kind of, like, I would like to explore that, actually.
I would like to explore how we can solve that.
And I know that there is an AAP, of course, bringing ApeCoin to EVE, like, we're on it now.
But I think that it's important to have these conversations about it because I think it's one of the only ways that it'll get practically used.
Go ahead, Threat. Thank you.
Yeah, thank you.
And as it relates to me specifically, my first move is a public Twitter spaces that is focused on incubating AIPs, awareness, and partnerships ideas.
And I want to just throw this out here, make it very clear.
Like, don't get lost in the granularity and the details of one specific space.
Like, it's not about one specific Twitter space.
It's not about one specific voice.
But more so, it's about the impact at large that platforming, publicly accessible discourse has on participation and incentivization to get involved.
I think that keeping a finger on a pulse is required to even have an idea of what's available with partnerships, opportunities from the DAO.
Everyone here, this is on Spaces.
We're on Twitter.
We're all engaging on this conversation on Twitter.
We know that narratives and participation happen on Twitter.
There's absolutely no reason in my mind why ApeCoin discourse should essentially be hidden from the general public and the community should not feel heard.
I believe that my specific approach and impact is tangible on day one and it requires zero lift to implement and begin empowering the community immediately.
I believe it's already happened since I've started my campaign.
And to wrap it up, if we can't expand, expand, excuse me, the top of the awareness funnel, encouraging partnerships is a losing battle because we have to first reach these builders, reach these talents, and expand the brand and the vision outside of the echo chamber to begin engaging in partnerships and true onboarding.
But since we're all here and since there's so many orange backgrounds, I thought I would come up and say hello.
Also, also on the point of the orange backgrounds and the aquamarine backgrounds, I think it actually goes right into my question.
How do you members of the community who are running for candidacy of the special counsel seats feel about the branding around the ApeCoin DAO?
And specifically, do you think the voice of the ApeCoin DAO could be or should be, again, this is your perspective as community members, could be or should be more clean and sterile?
Or is it more fun and fresh out of the bathroom?
So, any of you?
Go ahead, Sveiki.
You know, personally, I think the more fun that you make things, the more people will be attracted to it.
I think you definitely have to strike the balance, though, because this is not a company that you need to brand, right?
This is a foundation.
So, I think that there are ways to create fun and exciting ways to be a part of the system, including inviting people who have expertise in this area to help the DAO figure that out.
But I don't think that it should be so sterile that people will be turned away because there's – I think first you've got to hook them, right?
And beyond that, like, even people, like, learning recently that they are able to, with 1ApeCoin, have membership and put in these proposals, I think that really changed the game for a lot of people because they didn't have knowledge of that before.
So, I think finding really engaging ways to bring people in and keep them here is always going to be the direction that I lean.
Thank you, Suiki.
If anyone is willing to answer, feel free to – okay, Karma, go ahead.
Let's keep it quick.
Yeah.
Gaming is fun.
Culture is fun.
So, I don't see any reason why we shouldn't make the branding more fun.
It's just – from day one, it's in our gene.
It's in our DNA.
Yeah, we should do it.
But we have the history.
Yeah, apes love to have fun.
You know, look at the parties, the A-Fest.
And then, yeah, we should definitely do more, make it more fun.
Yeah, I'm happy to jump in.
Yeah, I think – I mean, I think our brand, you know, our brand is built off of – like, it's built out of association with Ugo Labs, right?
And that's an incredible brand, especially in the Web3 space, right?
So, I don't think we want to distance ourselves from that.
I think we want to double down on it.
But we also need to be mindful that, like, we want to grow this brand, like, way bigger than it is now, right?
We want to grow.
We want to expand the Web3 space.
We want to be able to get even beyond the Web3 space for Ape, you know, for Ape to sort of proliferate, you know, all over the place into the metaverse and into other use cases.
So, we need to be – you know, I think we need professionals looking at the branding.
But we need to make sure that the brand is being presented in a way that appeals to a really wide audience, wider even than, you know, who's currently in our space now.
Thank you, Ben.
Thank you for the question last.
And, James, if you want to open your mic and keep it short, feel free to ask.
Yes, thank you.
James from Mochaverse, thank you for having me.
So, my question would go to Yacht and Karma, as they today both share their BroadApe and their Mocha as a PFP.
Hope they feel good between all the orange backgrounds.
And during the election, we talked a lot about that cross-community activations, where I know SWIKI is obviously the hottest choice from the candidates.
But so, how can the DAO assure that these cooperations with other communities really grow and bring additional value to ApeCoin and none of the communities later feel left behind after engaging in the election and continuing to contribute in the DAO?
Pocoverse is just a demonstration, but you can imagine, you know, because ApeCoin, the power of ApeCoin is its treasury, its ability to fund metaverse activities and to basically be the culture token.
Okay, so how do I tap into that?
Well, one of the challenges is that if you bring someone from the outside, he has to buy ApeCoin, but maybe he can't afford ApeCoin, right?
It's just too difficult.
It's just too difficult.
So, how does he do that?
So, that's where these sub-communities come into being, whether it's ApeCoin or another kind of delegate system.
And really what happens is that it may, while on the outside, it may seem like, well, maybe it only benefits MoCoverse.
That's not true at all because MoCoverse needs to participate actively in ApeCoin for the benefits to flow both ways, which means that every MoCoverse holder has to ultimately become an active participant in ApeCoin, not just simply by, not just simply holding a MoCoverse.
Because if you're not able to convince the ApeCoin community that what you're trying to do is positive for ApeCoin itself, nobody's going to vote for you because whatever voting bloc you have in MoCoverse or any other sub-DAO is not going to hold enough water to be able to get anything passed, right?
So, designing democratic institutions is about creating structures of balance, you know, balance of power, shall we say, so that they're required to collaborate with each other.
So, to answer your question, as long as we keep that spirit where we want to bring in new, different communities so they have enough of a voice, but they don't necessarily have, you know, overwhelming power, which forces them to negotiate, which forces them to have polis to discuss with each other, then I think you have dialogue, right?
And when you have dialogue, you have understanding.
And when you have understanding, then you find common ground and you can build some exciting stuff.
So, an idea, although I'm not proposing this at all, but idea might be that, you know, as sometimes some VCs do, for instance, they take their tokens and they give them to universities to vote, right?
As a form of democratic experimentation.
Well, for instance, you could, for instance, say, okay, we want this community to be engaged in ApeCoin and we'll loan you tokens for maybe six months or one year, right?
For you to participate.
And if you're really interested in that and you think it's useful for you, then maybe you can go and, you know, maybe you can actually acquire tokens and vote for them.
But for the meantime, you can trial and learn about it.
And so, you know, one possibility is to give these communities voting power through the foundation as another form of distribution to bring them in so that they feel like they have a voice in this community up to a certain amount, right?
So, there's many ways to play around it.
I'm not, you know, I don't have a specific idea, but I'm just saying that I think ApeCoin, because of its size, because of its scale, because of its funding, you know, has the ability to sort of bring everyone in because of its current scale and its advancement in DAO ahead of any other DAO in the culture side.
Thank you, thank you, yeah, for answering the question.
Karma, if you, if anything that you want to add, because your name was called there.
Yes.
First of all, I really want to say thank you for, yeah, to bring up this initiative, Delegation to the MOCA community.
Obviously, it's a very wise move.
Yes, it is an experiment.
It is.
But so far, I think it's a very, it's a very good initiative of bringing a lot of value to ApeCoin community.
Guys, we have to be exclusive and be open-minded.
Other communities join us.
No matter if you like it or not, it is going to happen anyway.
And we should allow it to happen.
We should be ready when other communities, they hope ApeCoin and then be involved in our governance practice.
It's a nice thing to have.
Sometimes it's easy.
It's very difficult to onboard one, two, five or 10, 20 people, like to persuade them one by one to ApeCoin to ApeCoin.
But when we onboard one whole community, we're talking about hundreds of holders, thousands of holders, even tens of thousands of holders at once being part of ApeCoin community.
So that's the beauty of inviting other communities to join.
So that's why I really, I truly believe in the cross-communities collaboration.
It's something that I'm going to spend a lot of my efforts and time doing in the crypto space, cross-communities.
Because another thing will be, I predict, okay, in, say, two years at a time, there will be consumer brands that hope ApeCoin, like Nike, like Louis Vuitton.
Okay.
Why is that?
Because they will see how strong and how important our roles are.
And we want them to, like, say, okay, we want those brands, want to hope ApeCoin, and consider how to integrate it into the existing Web2 business.
And we should look for, and we want that to happen.
Because in that case, when we have, like, other brands joining us, don't think they are, like, traditional Web2 corporates.
Because there are, we look at it in a more positive way.
There are community and power and network and resources they can bring in by being part of ApeCoinDAO.
I'm very optimistic about this.
Right now, what we are looking at is Ape holders, like B-A-Y-Z-M-Ape holders.
Be open-minded.
Invite other NFT community to join.
Invite other corporates and brands.
Because it's permissionless.
Anyone, corporates or university, you can just ape into our community by going to the DAX to buy an ApeCoin.
And, yeah, so that's why, okay, let's see.
Two years later, if it's going to happen or not.
Yeah, I'm going to put one ApeCoin as my bet.
And finally, how to keep this engaging, engagement happen will be, okay, look at the case of Mochaverse.
Because the 1.5 delegation right now is here.
In the future, it continues to be there, all right?
So, again, look at it from a more positive way.
They have good intention for the ApeCoin community.
Right now, they're already part of us, not like we and them.
We are us together.
So, think about how we can establish the communications and the support.
So, this 1.5 votes can go to support great initiatives, constructed initiatives that help ApeCoin to grow.
I guarantee they have good intentions here, the Mocha community.
So, and this is only the first community that we are sort of developing this collaborative sort of the framework.
There will be more other NFTs community joining us.
And then we want us to be ready and onboard more ApeCoin hoarders.
A special thank you all for the candidates for participating and commit to the ApeCoin DAO.
And remember that you don't have to own a BYC or an MAYC to be part of the DAO.
You only need one ApeCoin to vote to be part of the DAO.
And this is the second round and last round of special council election process.
Two out of five will be elected.
And this is your voice.
Your vote matters.
And you only need one ApeCoin DAO to participate in the ApeCoin DAO.
And let's shape the DAO together.
Thank you, everyone, for joining today.
And I look forward to see you all again soon.
Bye.
Bye.
