Hey everybody, so welcome to the Twitter spaces. We're just going to give a couple minutes for people to join. I'll be starting off the conversation at about five after the hour. So stay tuned and we'll get started shortly.
Can everybody hear me well? We could do a little soundtrack. I got you, Nick. Here you are. Here you are. Cool. So a couple of minutes and then we'll get started. Welcome everybody.
Thanks, Nick. Looking forward to this.
Yeah, I definitely had some fun putting together the questions as well. So excited to get this from going. I'll be honest. I'll just tell you this right now. I saw your thing and I didn't even look at them because it's been such a crazy day. So it'll be fun just taking the questions.
questions as they come, but I'm sure we have a lot to cover and yeah, should be a great job. Yeah, and like we don't even have to, we don't really have to stick to the topic. It's just a just sort of a guideline of what we can go through. So feel free to, feel free to bring it off topic at any point.
No worries, I know you well enough Nick to know that you're a great conversationalist just like me, so I'm sure we'll hopefully have some laughs in here too.
So I think we could we could we could kick this off about five after the hour and we have some people here. So let's do this. So welcome everybody to the downtown Moonbeam and Teddy Dow AMA. We have some great announcements for this new project that has been that has launched
today and on the ecosystem. So let's start off with some introductions. So, Funky, can you just introduce Teddy Dow and maybe go into Lucky Friday and the mission and what you guys are doing? Yeah, sure, absolutely. So just to give you a brief overview,
lucky Friday we are ecosystem agents as we like to say you know we we make our home in the polka dot ecosystem so we we wanted to do something we really believe it. That's a big thing for all of our founders for everybody who's involved in the company and with that mission in mind we wanted to create something really novel
into Tady Dow. So believe it or not, this project has been about a year in the making, but because we were incorporating just giving in a Web 2 platform for donations, that obviously is something that took a long time to get to. But so yeah, primarily Lucky Friday, we started off as an infrastructure provider that's kind of what we started doing, but we're
also interested in covering other aspects of just governance. That's why I'm on AAG every week. For those of you who are in the Polka Didekis system probably used to seeing me. But we wanted to just, and especially at this point, I think this is such a great inflection point in this brutal bear market to have something like Teddy Dow come out where we can kind of invert
the narrative about NFTs and just the things that Gary Gensler says. I think it's really important for us to push back against that and Teddy Dall is the perfect project to do so. Let's talk about the positive impact that you guys are looking to make through these charitable contributions.
And we can discuss how you guys are giving back, making a positive impact.
Yeah, so I mean one of the things that I really want to see happen, you know, even though the options haven't started yet is what I call do good challenges. The each week in the Teddy Doubt Discord, we want to do something where people are putting some positivity out into the world and you know even if it's something
something really simple. Like when I first started trying to do good challenge, and if they probably weren't enough people in this court, you know, was doing simple things like just picking up around the neighborhood, right? Courage people to call family members that they haven't talked to in a long time. Just little things. Oh, oh my gosh, I'm so honored right now. We have gentle tornado in the audience and speaking of like doing good and being positive.#
model to me. So I'm exceedingly grateful for the fact that GT is here with us. And he is very much of the same mind in the sense that he's always trying to put good vibes out there. We know how tough things have been in terms of just like overall market conditions. So I think it's really critically important to just put that positivity
out there. Like everybody is in a negative mindset when you scroll through a lot of your Twitter timeline, you see so much negativity, toxicity, and I think people like gentle tornado are out there and certainly doing good work and putting people, you know, just trying to get that positive vibe back in the atmosphere. And I think that's an
world, it really does make a difference. And so that's sort of the over arching mission of Teddy Dow. We wanted the inner place where we can just promote that social good. This was the whole idea of the project, the foster social good, not only for the charities, but just among ourselves and to really have people come together over something that
you know, could meaningfully raise the or elevate the message of Web 3. I mean, we just saw Gary Gensner calling us all charlatans and hucksters and everything else. And that's really demeaning where people just paint these broad brushstrokes across an entire industry where there are so many passionate people who are out here trying to do their
to build new tech and to create novel use cases and that's certainly what we see with Teddy Dow. I mean, NFTs people normally just think of speculation, but we want to invert that model and just make it completely about doing something for good and it gives people the option to choose their charity. I probably talk way too long there, but anyhow.
Oh, sorry, I was muted there. So regarding the phones themselves, how much of these phones actually go to charity?
believe it or not, 100% or close to virtually 100% of the funds go to charity. Our team at Lucky Friday gets nothing from this. We wanted to, again, this is really has a lot to do with the ethos of our co-founders Rich and Tom. They have been in
be to be fee with our partner just giving because they have to facilitate or you know paying for the cost for their network now just giving is if you've never heard the name of the second largest online donation platform in the world and so we wanted to partner with them because they give access to charities that people can
just choose from all over the world depending on their region. At least 98% of your fund is going directly to the charity of your choice, but ultimately, we could say that 100% is all going to charity because you're also supporting just giving in the network that they provide and build out for all the charities.
that they host. So people are, they get the donate to charity and they get a cute Teddy NFC as a momentum, right? Yeah. And it's more than just a cute Teddy NFT momentum because ultimately this is going to lead to governance later on, which we can talk about when we get there.
You might be muted again, Nick. Oh, yeah, there we go. Yeah, I was. Thank you. So let's talk about the like the process, the mint mechanics. So, you know, with a bidding process and what's going on with that. So our first and we just asked our PR embargo, we were trying
not to release to my information. So our first actual charity auction will be on this Friday, June 23rd. And anybody can come in and bid in glimmer. We just released some videos that allow people if they're one of the things that well, we'll probably get to that in a second. Basically, what we did was we forked, you know, because we built on moonbeam
For those of you who have never heard of Moonbeam for instance, it's just an EVM-based chain. It's almost like a plug and play Ethereum that's riding on polka dots security on the relay chain. And so you can take any kind of EVM-based smart contract and deploy it pretty quickly on Moonbeam. And so what we wanted to do is we took the nouns down mechanic, which is very famous now.
down, then it's one that noun every single day, and then people bid on this. And then if you're the lucky winner, you win the noun. Now now it's go for crazy amounts of money, of course. So we use that smart contract as a basis. And then from there, we made minor modifications to allow things to happen. So
When somebody goes in, they get to choose the charity of their choice when they're actually placing the bid. So a field will come up and they get to go through. They can search for a particular charity. They can choose a charity at random if they're just feeling very generous and want to give some money to any given charity that pops up. Now in the first month, we're more running as a pilot, so there's only going to be
a choice of 400 charities total, 200 based in the US, 200 that are based in the UK and EU, and so people will still have a large swap of charities to choose from. But then they go ahead and they make their bid. Now if you're the winning bidder at the end of the 24 hour period, then you not only get the teddy, but then of course
your money, your glimmer, it's going to be converted to fiat and then sent to just giving. So all of this happens behind the scenes and there's a multi-sig involved like that to ensure that everything is safe. But when you pick and if you're the winning bidder, you ultimately get the teddy itself and then your money goes to cherry.
But we're hoping for in the initial run, especially that we get some big leaders from the ecosystem to come in and to really show the power of Web 3 and the good that we're capable of doing. I would love to see some of these first bears going for five plus figures in terms of USD value. That's the dream, right?
But I'd be just as happy if I win Bear Number One with 500 Limber. I mean, I told anybody that I'm going to bid on Bear Number One 500 Limber, where it goes. But that's the goal, is just to drive as much. We want it to be a positive flywheel that drives as much charitable donations as possible for each daily bear.
So as far as the artwork on the Bears, because it's definitely really, really cool artwork, who's the artist and how did you guys bring her into this, how to see like kind of make this partnership happen? So for those
of you who are listening and maybe are not familiar with the polka dot ecosystem more broadly. Her name is Yumi and Yumi is or her first name is Diane, but Diane Yumi is probably one of the most famous pixel artists in the polka dot ecosystem. She started with her first collection, Kitty
paradise and certainly attracted the eyes of many singular collectors myself included. And you know, just because of, and she also has a relationship, she's a kingdom holder. And so David are found or KBL, which I'm sure some people know, he actually reached out to you me to ask if she would be willing to do
these 256 bit, I think that's like the total amount of pixels that are in each bear. So they look, I guess, more like a little, you know, like a, like a little Nintendo bear, because if you look at them, they are pixelated. And what she did was she created enough assets to where when the smart contract ran
But she made enough assets to where the combinations thereof would actually achieve over 4 million possible combinations. And if we did even at one a day, it would actually take 11,000 years to mint all of the Teddy NFTs. So there's an inbuilt scarcity
that we're trying to achieve too by having just the one meant a day mechanic and then you may just be known in our ecosystem at least as we thought she was the perfect artist and again I want to also publicly thank Moonbeam because the Moonbeam Foundation they're the ones who provided a small grant which we use to boost
strapped this entire thing. So from having the front end designed by Kenji, which I'm sure some people are going to know him, you may doing the creating the assets and just all of these people coming together from our ecosystem to really just again do good and try and put something positive out in the world in the middle of a bear market.
So let's move on to the Dow governance. Can we discuss how the governance will emerge once they've been amended and I guess what what the NFT holders have say and like what type of decisions are they going to be able to make by holding this NFT? So you know the first hundred bears we have
have an idea in mind for the ones that come after it. Honestly, we don't even know what's going to happen because we know that as we see even in our own polka dot network, you know, as the Dow governance continues to evolve, we hope the same thing happens for Teddy Dow, but where governance 1.0 will begin once we
We've been doing this for a few months, and we've been doing this for a few months, and we've been doing this for a few months, and we've been doing this for a few months, and we've been doing this for a few months, and we've been doing this for a few months, and we've been doing this for a few months, and we've been doing this for a few months, and we've been doing this for a few#
be just a simple, do good challenge. Hey, can we all get together and do this? Can we meet up and do X? Can we get together and clean this neighborhood? People live close enough together. There could be any number of things, possibilities when we're talking about the governance. The main function, however, is that if we're being honest, there's still NFTs
and people are going to speculate, although that's not the intention, you know, it's just the way the NFT works. People are going to see a certain aesthetic, you know, "Oh, I really like this bear because it has these colors," or it's holding, you know, "It's got the kitty body," which is a really rare type or something like that. And then if people want to buy these on the secondary market,
part of the smart contract where 5% of the royalties goes to a different multi-sig wallet and then each quarter as those funds build up the Dow will get to vote on which charity or charities plural we get to send those funds to. Now that's in the early going. What governance 2.0
And later brings is really up to the Teddy holders because we have you know grand ambitions in the sense that like we are already a federally registered with the IRS 501c3 so we are technically a not for profit organization
And so we can accept donations ourselves. Now at first, we're just going to stick with everything in the juxtaposition network. But we do envision a day where maybe the Dow decides we want to dedicate more money to Teddy Dow itself, and then we can tackle bigger projects, you know, things like building schools or digging wells and developing nations.
You know, this is the dream, right? And we're talking maybe a long time from now, but that ultimately where we foresee this governance kind of evolving is that we believe Teddy Dow will attract the right people who literally want to do good and be good and just really live that life and try to put positivity into the world.
world and try and make a positive difference in the lives of others. And so, you know, governance will continue to evolve, but the first 100 bears is going to be sort of when governance 1.0 will launch. And then where it goes from there is really up to the Teddy holders. And it's hard for me to say because I can't really envision, but I'm excited for
what the potential could be moving into the future. So just as a clarification on that, so that 5% royalty, that happens when if somebody were to say buy the NFT on a marketplace, right? And then that's what's going into the Dow and you guys can
vote to donate that to charity, right? Yes, that is correct. Now I want to clarify something. The team at Lucky Friday, if we win Bears, we have already made a pact. None of us are ever going to sell our Bears. Personally, I don't think anyone should ever sell a Bear. This is just my take, like, function.
I don't think you're getting a bear because you're donating to a cause you believe in theoretically. I don't want people to turn around and flip these things, but we just also realize that's the nature of secondary markets, of aesthetics when it comes to NFTs.
and rich, one of our co-founders is actually in here, and he and I were advocating for a 90% royalty. We wanted to make sure that the money was going to charity and not the people's pockets, but KBL kind of overruled us and said, "Let's start with 5%." Now this is another of this kind of links to the governance too.
This could be something in the future where the governance decides you know what we need more than 5% world these because people are starting to flip these things You know I would I mean I think a happy medium would be 50 50 so you know you're getting half the money going back to charity But that might stymie the the actual action in the marketplace so it's a different
So one of my favorite aspects of this whole project is the Web 2 and Web 3 Connection.
You guys are working with just giving, which is a Web 2 company and we're using these Web 3 rails to kind of facilitate charitable donations. So I guess from your view and from your guys,
point of view, was that sort of what is the reasoning or like, you know, is this the whole point to add cryptocurrency to this web to sort of space? Well, it's actually like a two, you know, rich loves to talk about how we're web 2.5 or if you saw the interview on
space market. He's like, "We've seen look three, we've been in Web 2, we're fully Web 2.5." And that's what we're trying to do is merge these worlds. We want Teddy Dow to be something that doesn't require speculation. If somebody wants to learn, you know, like, "I have a former teacher where I think there's all of us, our educators at heart,
And we figured this is a safe way for someone to explore the world of crypto and web 3 without really having to put their money at stake They don't have to worry about what the teddy is worth because people are gonna donate right most people donate to charities each and every month they have favorite things like for instance be
Bbf she's here she's on the call she's listening like we donate to the ASPCA or big animal lovers So there are various charities that we donate to every single month and those people exist in web - so we feel that web Teddy Dowrather is the perfect combination where it's taking away any kind of risk your
getting somebody to learn in fact today we just dropped our tutorial videos that were so the one is for beginners is encourages people to download a talisman wallet it takes them through the steps of creating a wallet how they actually get to some glimmer tokens through banks of because they have that on ramp for fiat
And this just allows people to kind of I guess dip their toes in the water if you will when it comes to the crypto space and get an understanding of it. And then of course we're going to be on hand in the discord to help people if they have questions. We want Web 2 people to understand that Web 3 is not, for instance, what Gary Gensler constantly
out. It's something else completely, especially those of you who are in the audience, people who are here on Web 3 working every day, they know that there's a promise to this technology. And to teach someone about the immutable ledger that is a public block came like Moonbeam, for instance, where you have a smart contract and then you own this
particular non-fungible token or digital collectible or whatever you want to call it, that gives them a safe space to kind of come in and understand the technology and then learn a little bit about it. And hopefully that helps them sort of spread their wings and kind of take off into Web 3 and learn more about our ecosystem and everything else that exists beyond.
Let's go back a little bit. Let's talk about the inspiration behind the project and mainly I'm thinking about David and his unicef raise. Yeah, so that was kind of crazy. Now, granted, this was, you could tell that was the
of Kusama Kingdom. And so there's kings and there's queens. And when he was selling the second collection of the queens early in the spring, one of the things that he wanted to do was say, you know, we're just going to do one strictly for charity and see what kind of money we raise. And in the end, that particular queen fetched 15
$1,000 USD for one particular queen and all that money he just gave to UNICEF. But that's what kind of spawned the idea. So even though I only came on board back in November 1st of 2022, believe it or not, the team, the rest of the Teddy Gow team, had been working
on this for over a year. They started back in May, like when I actually was invited into this small DM group, I could see the chat went all the way back to May and it was shortly just like a month or two after he had done that big raise and he thought, is there a way where we can actually give to charity on a sustainable basis, like where it's not a
flash in the pan. It's not that crypto doesn't get used for charity, right? Because it is. There's things like the giving block, for instance, where people can donate crypto directly to charities and giving block is sort of the intermediary, if you will. But when it comes to NFTs and charity, they tend to be a couple different things. You see sort of a one-off
like what David did with the Queens where he actually raised $15,000 for UNICEF on one particular NFT. But you also see things where people will do a percentage of an NFT collection goes to charity. But a lot of times it's really the minority
If they might donate 5% or 10% of the proceeds of their particular collection, but at the end of the day, these people are still just trying to sell an NFT and then make money for either a roadmap or for themselves or what have you. Whereas we kind of inverted all of that by just trying to make the focus exclusively on the
charity. It's not about us. We're just trying to be the facilitators. We have the infrastructure. We have the people who are talented enough like Josh. I want to give a shout out to to hash Warlock. He's not here right now. He's in Lima with certainly a test of this. He's a super, super nice guy. He's a great dev. He works for Fala. He works for us.
part time and it was just a coming together of mine who were interested in like how do we create a charitable initiative that will generate donations every single day not just a one-off thing and hopefully by having the one mint a day mechanic it is at least our dream
is that because there's only one a day it creates instant scarcity right like people will say oh you're minting one every day not realizing that it would take 11,000 years for you to get through you know I mean honestly if you know anything about astronomy those sun is gonna hit its red giant things and I'm going off the earth long before that ever happens so it's just kind of crazy that we can
can create something that will theoretically go in perpetuity and every day somebody can step up to the plate and just bid on a bear. There's no minimum, you know what I mean? There's theoretically, like when we were testing it, we were winning these teddies with one glimmer token. So, you know, I think just hopefully if we start off
really strong where people are bidding a thousand plus dollars and we can maintain that momentum. I mean, we want this teddy doubt to become a badge of honor. We want it to become an icon, a symbol for giving and again, as much as I harp on this phrase to do good and be good. And I think that's really, really important for all of us, a team teddy doubt.
And so let's move on to the long term vision. What are the future plans for Teddy now? Well, like I said, I mean, for now, we're just excited to be launching. I can't believe that we actually got the article in CoinDesk today. So it's just kind of it feels like I'm
We would love to be in a position where people are donating to us directly. Rich has a bunch of ideas, for instance, that I don't want to steal a thunder, so I might let him come on and just speak about them, about, you know, for instance, people collaboratively bidding together, like a group of people coming together to win a particular teddy.
I think are or even for more local type projects right like if there's something that's in your backyard that you wanted to do and Maybe you could put forth a proposal and then through governance people say yes We're gonna dedicate X amount of money to this particular Charity and we can be sort of the pass through to make that happen, you know, there's so much potential
It's hard to even wrap our heads around what this could turn into, but I think in the immediate short term, I'm going to release a talk by Friday, probably on Friday morning, that is, I would love to see the leaders in our ecosystem really stepping up first and foremost. I would love to see
to see people like Gav, Rob, Bjorn, Hectoric from Moonbeam, Alexei from Interlay, all of the big leaders who are, they carry a lot of weight in our ecosystem. I would love to see them get a bear. I would love to see parachained teams, just come in collaboratively
and want to bid on a bear and then maybe they display that on their website, on their home page. We support Teddy Dow. I really feel like this could be a moment that would create some solidarity among our community and then we push that out even further into Web 3. We now would love to see big NFT influencers get involved with Teddy Dow.
And he's like, "Oh, John Cena, for instance, he loves a good cause." And so, you know, he, I know he follows a lot of people, but he followed me one day and I started tweaking out and I was like, "Oh, John Cena, I started reading through his timeline." I'm like, "This guy does a lot for charity. Maybe he could get a teddy for Teddy Dow." So, you know, what#
to imagine, but I'm probably getting a little ahead of myself. Something in my bones tells me this is going to be big and maybe I'm just dead wrong like other things in my life, but I just feel that if all of us behind Teddy Dow continue to push forward and we get more people who believe in the vision and we have
other's join us in this quest, we can really, really turn this into something truly special. And I don't care about what ecosystem you're in, it doesn't really matter like Web 3 is just been facing like an all out assault for the last several months, especially here in the US. And I feel like this is a good moment where we could rally around
something that's very positive and filled the world that we are making a difference. We're doing something especially on one of the blockcans that has the absolute lowest carbon footprint and all of this is very sustainable and easy to do. But yeah, I mean where the future takes us, who knows? Rich, thanks for coming up. I'm not sure he has plenty to share.
I know, I mean nobody can be a better spokesperson than you are funky for the opportunity in the future and sort of all the places that this might go. I just wanted to add two thoughts that you touched upon but didn't directly
You know, didn't directly hit which are sort of be below the surface. I think there are two things that this project really showcased and what we were intending to do, you know, at Lucky Friday as sort of an ecosystem actor. One is, you know, this really showcases moonbeam and like the picture.
potential for moonbeam as anyone who's familiar with, you know, NFTs generally knows this is very familiar to the Nanzdow structure. Of course, the code is a fork of Nanzdow, which has been, you know, dutifully and lovingly modified by Hashwarlock and others, but it really shows how you can
can use moonbeam to deploy into the polka dot ecosystem very quickly and without a whole lot of, you know, core dev work. We've certainly done a fair amount of work, but, but I think it's sort of a great use case for that model. And then secondarily, something that
It doesn't get very sexy and doesn't get a lot of attention, but is, frankly, one of the harder parts of this project getting it live and keeping it live is the number of hours that we've spent with lawyers and accountants and just giving
You know, very large company. It has a very large Fortune 500 US parent company. We've worked with all of them through all of the issues associated with, you know, tax deductibility and KYC or not KYC and OFAC compliance.
and a whole bunch of things that go underneath the hood that matter to projects like this that matter to anything where you're moving around economic value. And we've grappled with all of those issues come up with what we think are responsible solutions. We have some cool technology plugged in behind the scenes to keep the Koreans
from giving the North Koreans, from being able to use this for nefarious purposes, et cetera. And so I think that we've really done a thorough job in the plumbing of doing something that's different. You know, a normal web2 participant won't even know, but really matters a lot to web3 stakeholders.
So I also wanted to congratulate you guys on the latest post that you have on CoinDesk. And I read, you know, I was reading through it and I've read some interesting points, you know, there's there seems to be this trend of crypto based charity donations and this is this is the
Despite the bear market, right? I guess I'll let you go into it if you want, but there's the endowment and global giving and whatnot. I mean, the thing, the thing I'll point out to this is that we had a multi month back and forth process
with the IRS and the United States about this project. It wasn't just filling out a form. We had back and forth both conversations and letters and written responses and contracts that we had to send and they were certainly not -- it was not lost
And we grappled with the real issues and had to come up with real answers and had to get them actually comfortable with the uses and the limitations and the parameters and you know this is a pure
work, crypto-native, you know, donation mechanic that they, you know, they, they, they blessed as a, as a charitable donation thing. So, you know, the next time around, it won't be as unfamiliar, I think, for the next, you know, charity-based 501C3 that involves crypto to step forward.
So I'm sorry, funky. Just in the meantime before before you speak, I just wanted the crowds to know we're open for Q&A as well. So if you did have some questions, just toss them down into the comment section below and we'll try to get to those questions. Sorry, go ahead, go ahead, funky. No.
I was just gonna kind of ductile off what what Rich was saying in the sense that I mean I he would probably agree with this I was shocked The day that we got the letter from the IRS and I even posted something about it on Twitter and on LinkedIn just like you know normally no one's ever happy to see something from it
IRS in your mail. But it was so quick how we were able to turn around. I mean, in the grand scheme of things, as he said, this was month worth of back and forth, but we did not anticipate getting this 501c3 from at the federal level. Like we had already gotten that at a lower state level, which is easier to acquire.
But the fact that we already got the clearance from the at the federal level for the IRS was just to actually get that status. It was I think quite momentous for for us and it's as a precedent as rich noted that it's going to open up potential for other
Charities that want to do something like this in the web 3 space which again is great right the more that we have I mean if we're creating a just More charity out there in the world. That's never a bad thing So I think at the end of the day and just giving and I want to give them some due to because they they have been a great partner in all this
and I was in many of these meetings and there's a lot of back and forth because you're dealing with a Web 2 company and things are so meticulous when it comes down to the details. Like I would say beyond, for instance, the 501c3 stuff, the terms of service was a constant back and forth and just trying to make
sure that all the eyes were dotted and teased were crossed to make sure that everybody was happy. But, you know, they were great partners, they were very patient with us. And, you know, we now are at this point where we're all excited to see a launch. We even got a great email from the just giving team because they're like, "Oh, wow, this is already getting a great response." Because I think
And I think that's a good idea.
for something that comes directly from an institution or fund or what have you. So I think the more that we get that, the more traction we're going to get, and I think not only is it going to help tidy down all that we're trying to achieve, but every other charitable organization that
wants to either incorporate crypto somehow or just get involved in the web 3 space. I think this is going to be a position. This project is going to be a leader. That's what the hope is. Funky's last point is a good one that's worth reiterating. One of the aims of the model was to make it easy for Web2
donors to onboard and because there is basically no shrinkage in the amount of their donation, you can see how it's relatively straightforward to go to existing donors under existing programs that are already committing to a cause, you know, obviously a large
donors do this regularly and we can have conversations, hopefully in forums like this, where we just encourage some of those donors to re-point their donation rather than an ACH out of their bank account, re-point it through Teddy Dow. Do it this way, get some information
engagement, get some other participants involved, get some matching dollars and other things. It's just a different modality of achieving the same outcome that they're already undertaking. And I think the world of charitable donation is one where you need to invigorate your base from time
of time, you know, these are obviously tough times for charities overall. It's difficult for them to raise money and just creating a new and different mechanic to draw in the same capital or invigorated film-thropic capital is, you know, exactly sort of part of the, is part of the aim here and it's pretty frictionless.
I can definitely see that rather than just donating to your charity directly, the added value and social benefits of having an NFT collection tied to it. As people love NFTs, like you said, people love to speculate.
And there's that community aspect of it and additionally the badge of honor. So I think those are definitely positive social effects that can not only are you donating, but you're also getting other people excited to do the same.
a really interesting dynamic that you guys have brought on with that. So what I'd like to do is, I mean, we did cover through most of the talking points and questions I had. So I want to leave it open to you guys if there's any other anything else that you wanted to mention or add onto this.
I mean, I'll just say that if you can't tell by my voice, I'm exceedingly excited to have launch today. I mean, this has been a long time coming and I do genuinely believe in my heart that we have the potential to do something incredible with this project.
And it's not, you know, I think, again, the bear is everything else important. But I think it's about creating a culture around this particular project where people are going to want to consistently give back and do good and help others. You know, I was a teacher for nearly
20 years, my wife and still a teacher, you know, there's something about that industry where you're just always seeking to serve others. And I feel that that's a big part of who I am at this point in my life. And I want to continue that mission and work with Teddy Dow because I feel that
We're on the precipice of regulatory clarity and all these other things that I think are going to open up Web 3 in a very positive way, but it's difficult for us to discern that right now in the midst of all the fun and the negative headlines and everything else. So I mean, if nothing else, I want Teddy
out to be a beacon of hope and light in some dark times where we are in Web 3 and just get people on board, get them activated, get them out there to just do those small things to give back however they can. It's the littlest thing that costs nothing to smile
at a stranger or just to acknowledge someone, right? Like at the end of the day, I say to so many people so many times, every human being just wants to be seen, wants to be heard, wants to be appreciated, wants to be loved, and I feel like we can do that with Teddy Dow.
I mean, the NFTs are one thing, but I think we can create a culture that is going to go out there and really, again, I keep coming back to these two phrases, do good and be good. And that's at the end of the day, I think what I would want to just, you know, emphasize over everything else, you know,
This is just a gateway to positivity, to helping others, to just really making a difference in the world. And that's ultimately what I hope to achieve. And I don't want to speak to everyone on the team, but I'm sure they would all say something very similar. I'll let sure we share what he wants as well.
No, 100% Ryan says it best expresses the sentiment in the emotion our next goals are going to be making it sustainable forever and bigger and You know, we have some even creative tech ideas, you know think think charity palette, you know for example
There's a bunch of places that we can go with this that we're going to have to do it as a group and thanks to Moonbeam for helping you know, be, create the initial spark. Wouldn't have happened without sort of the initial support we got from the team. So it helped us galvanize around something.
And not only, yeah, I probably want to just reiterate gratitude because I know Moonbeam is here, but huge shout out to Moonbeam and their team, the grant. And then of course the, um, destructive like the PR arm that was helping us try to get the news out there. I think
her just from your time and just interacting with a lot of the folks at Moonbeam. So there have been so many people who have been instrumental along every step of the way that have gotten us here and we couldn't have done it without them. And again, that just speaks to sort of the collaborative nature of what Teddy Dows is all about and coming together and just putting some, you know, pushing back
against the tide of negativity and toxicity with some positivity and love and light and that's I think at the end of the day what I'm most excited about. So I also wanted to encourage everybody who's here, make sure you follow Teddy down on Twitter, follow Funky, his morning
So yeah, definitely follow these guys follow the discord you can you can check out Teddy dows website at Teddy dows org It will have links to all these places where you can where you can stay up to date Additionally, I will be doing
a little bit of a NFT drop campaign in relation to this. So look out for that. We'll post it on our downtime moving Twitter where you can retweet this conversation because it is recorded and get some cool artwork. Definitely inspired by Pixel Teddies.
for sure and help these guys get the word out and help for good cause. So yeah, that kind of closes it out. So I'd like to thank you guys for joining us today and I want to thank Teddy Dow for coming to
talk about this awesome project. No Nick thank you for giving us the space the stage it's been incredibly helpful and one thing I was remiss and not mentioning and this is something that we're still working on but potentially we may actually have our own Teddy Tuesday space
So we can also, again, part of our big push is to educate others. And so that's something that you may see in the future as I may be hosting my own Twitter spaces that are just going to showcase charities each week for a short space like 30 minutes just to introduce people to various charities that are out there.
there in the just giving network. But thank you again for taking the time to have this space. This is our first official Twitter space. We've released a lot of information, a lot of the rationale behind the project. So it's really, it feels great to get something like this out of the way and I can't thank you enough, Nick. You're a great host and I enjoyed the conversation very much.
All right, and we'll wrap it up here. Thank you, everybody, for joining, and we'll see you on the next AMA.
Thanks, Nick. Thanks again, Nick. Take care.
And thanks everybody for showing up. Appreciate you, much love.