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The Future of BNB Chain? New Project Launch Show 🔮👀
Recorded: Dec. 1, 2023 Duration: 0:42:19Space Recording
Full Transcription
Thank you, everyone. Good morning, good afternoon, and good evening. Welcome to today's AMA session.
I'm Saba, your host for today.
Chris, who usually is the host, will return next week.
However, today here we are with the new project launch show.
And we have some quite exciting projects here with us, who are Obvious, CCC, TT, and also Synverse, who I believe will join in a bit.
So let me just guide you through the agenda of today's session.
So we will start with a quick introduction from all of the projects.
And they will have like a three to five minute long presentation about their projects.
And then we will have a Q&A session with you guys in the community.
So feel free to prepare questions and I will invite you to the stage once we are at that part of the of the session.
So I would love to hand over to Obvious team to introduce their project.
And yeah, please go ahead.
You have around five minutes.
Hey, thanks.
Thanks so much for doing this.
And hey, everyone.
So I'm Ayush.
I lead growth at Obvious.
So what is Obvious?
So Obvious is a wallet.
And now you must be thinking, why do I need another wallet?
Right.
So again, I wouldn't say there is just another wallet company.
All I would say is like we started off building a wallet around 1.5 years back.
Just, you know, trying to solve the problem that we were having, which is we used to transact a lot on chain.
And we realized that, you know, the process is still very broken.
If you have to, you have to go through multiple protocols, you have to go through multiple bridges.
And it is still like, it's a very clunky UX.
It's not that great.
Plus you have to, you can only do it via your laptop.
You have to always be on browser.
You have to keep, you know, checking if it's done or not.
So we figured that, you know, even though there's probably 100 different wallets out there, a lot of them are still being made for developers.
And there's very few wallets that are being made with keeping customer in mind, right?
You know, keeping as simple and as easy as it can get.
And that's how we started building an EOA wallet.
We built a lot of features.
There's notifications, wallet book.
We even made it easy for you to connect as many wallets as you can.
And we removed any sort of chain switching.
We made it very seamless for you to switch between each and every wallet.
You can move funds around.
There's portfolio tracking.
And, you know, you never have to add a token.
You never have to switch a chain.
You never have to, like, you know, do any of those sorts.
And then as we were building it, we sort of were very excited about account abstraction.
And we started looking deep into it.
And that's when we thought that, you know, account abstraction can actually help solve a lot of problems that we are already solving.
And that's when we started with the help of Baikonom, we started building a smart contract wallet within our obvious wallet app.
Right.
And we were one of the first few smart wallet apps out there that were completely compatible on phone in on the Ethereum ecosystem.
Right.
We somewhere launched our smart contract wallet around May.
Right.
And it's just gone an upward strength since then.
Right.
And if you have to say why a smart contract wallet, well, for a very simple reason that you don't have the hassle of seed phrases or any of those things.
Right.
There's no need of storing the seed phrases.
It makes the UI very simple.
And smart contract wallet, since they directly interact with smart contract of a particular chain, let's say in this case, BNB chain, it just helps in abstracting away a lot of the multiple steps that come in between.
Right.
So, for example, currently on our app, let's say we have to convert from USDC, you know, swap your token from BNB to USDC or vice versa.
On BNB chain, you can actually pay gas fees in USDC or USDT.
Right.
You can pay gas fees in stable coins.
You don't really have to pay gas fees in the native token.
Plus, if you are doing, let's say, a bridge transfer, there's multiple steps involved.
So, you have to sign in first, you have to then, you then have to approve, then you have to sign again.
Right.
All of those steps are removed.
All of those steps are removed when it comes to a smart contract wallet.
You just have to sign in and approve once.
And it, by default, converts your token.
Right.
In addition to this, we have a very simple and clean UI.
We also give you a free domain, right, which is .obvid.
So, you can choose a name for yourself and you get a .obvid attached with your smart wallet because we realize that buying ENS names could be very expensive.
Plus, when you, let's say, put, let's say, iush.obvid on a browser, you can actually see a portfolio of your tokens.
You can actually show it to other people.
You can, it has its own QR code and everything.
Right.
And in addition to that, you also have something called a seedless recovery, which basically means that, let's say, a lot of times we encounter this issue where people lose their seed phrases or people don't know where it is kept.
Or, you know, any of those issues.
So, we figured that, you know, there needs to be an easy and simple way to do this.
And that's when we launched seedless recovery, which is basically, you can, you can basically split your seed phrases into three encrypted parts, which are stored in three different places.
Right.
And to recover your wallet, you just need two out of those three seed phrases.
Right.
So, this is what the wallet product has been.
It's growing consistently over the month.
And there's a number of transactions as of going up.
And BNB is actually one of the top three chains that are used by people on our wallet.
Right.
And in addition to that, we are also building an SDK, an account abstraction SDK.
So, while people were using our wallet, a lot of them came up to us and told, hey, what you're building seems cool.
How can I give it to my users?
Right.
And that's when we started building our account abstraction SDK.
Basically, you can give account abstraction based capabilities to your DAP on the BNB chain in like five minutes of code.
So, it's like a drop in replacement to a connect wallet or an Inbu wallet kit.
So, yeah, I mean, this is it about Obvious.
It's live on App Store and Play Store.
The website is Obvious.Technology.
You can go and try out the wallet, you know, see if it likes you.
And, yeah, thanks.
Great.
Thank you so much for the introduction.
Really cool to hear what you guys are building.
And the grid account abstraction and smart contract wallets, I think, is really key to for the mass adoption because it really makes the whole user experience easier and more straightforward.
So, yeah, thank you for the introduction again.
Now over to Triple C.
Please do give us an introduction of your project as well.
You have five minutes.
Thanks.
I have a trouble hearing you.
I see that you unmuted your microphone, but we cannot hear you.
Could you try again, please?
Okay.
Triple C, please unmute for a second and try to fix this issue while we will move to Titi team.
So, please, over to you.
Okay.
Can you hear me?
Yes, perfectly.
Please go ahead.
Okay.
Hello, guys.
I'm Oscar, who is the representative of Titi project.
It's an honor for me to introduce this Titi project, which is the world's leading Web3 short video content creator platform.
Titi is a Web3 short video social platform.
And we just combine different functions, such as TikTok, Binance, OpenSea, and Telegram.
So, basically, it's called social fee.
And we are one-stop service platform integrating entertainment, chatting, and financial transactions.
So, based on the core system of celebrity tokens, anyone will have the opportunity to launch their celebrity tokens.
So, in fact, Titi is not just only an entertainment platform, but also the platform of sharing their revenues.
Let me explain in more details.
So, Titi provides everyone with a tremendous opportunity to issue their own celebrity tokens and provide a free, secure, and transparent, open platform for global users.
And, of course, as we know, any KOL with tens of millions of fans can create a tremendous revenue, that is, more than 90% of listed companies.
If an KOL were listed from the traditional financial market, it will be an extremely complex and time-consuming process.
But Titi's selected tokens system will simplify all the process and allowing any KOL to complete the list time in just one minute.
By the end of 2022, there were more than 4,000 trading pairs on several major exchanges around the world, with a daily trading volume of more than 300 billion US dollars.
So, and Titi's trading pairs are counted in celebrity tokens, which means that tens of millions of celebrities and KOL around the world will have the opportunity to join in Titi apps, Titi ecosystem, to issue their own celebrity tokens.
And their fans will have the opportunity to share the profit by holding certain celebrity tokens that they provide, that they believe is valuable.
Until now, Titi has 300,000 registered users, and owns more than 20,000 daily active users.
Besides, Titi has more than 100 KOLs, and more than 100,000 videos are launched through Titi apps, which provides, which proves that Titi is on the right way.
And we believe that the Titi will become the leader of Web3 short video content creator in the future.
Welcome to download and experience Titi apps.
So, if you have any questions, be free to ask me.
Great, great.
Thank you for the introduction.
I see, I saw a couple of KOLs in the audience now.
So, yeah, I do recommend to give it a try and see if Titi would improve your experience as a KOL.
All right.
So, over to CCC.
Very able to fix the issue of the microphone problem.
So, CCC, please go ahead and unmute and check.
Yeah, I think it still doesn't work.
Please make sure to log in on phone and to allow in your settings for Twitter to access your microphone.
Anyway, let us go ahead with another discussion.
So, I wanted to ask the obvious team.
Why you decided to build on BNB chain?
Could you please elaborate a bit on that part?
Yeah.
Thanks.
Thanks for asking that.
So, I think, I mean, it was kind of a no-brainer.
I think when we launched our wallet, BNB was one of the first few chains that we launched in.
And, you know, it's like how they say you build where your users are, right?
And the amount of usage that BNB chain has, the amount of users that BNB chain has for various purposes.
Like, I think it just didn't make sense to not include BNB in our product roadmap, right?
I think there's a lot of people who use, there's enough number of users who use BNB chain for their gaming purposes, for, you know, trading and for other usage.
And it just felt like even the users of BNB chain need a good wallet.
And that was one of the larger reasons for us to build on BNB chain.
Great, great.
Thank you so much for sharing.
Yeah, I got your point to build where the users are.
So, yeah, thank you for elaborating on that.
Titi, Tim, would you care to also mention why you decided to build on BNB chain, please?
Yeah.
So, well, in fact, BNB chain owns the largest member, of course.
And besides, we think that it's a win-win game for us because we are focusing on social feed.
Social feed, I think there, we think that there will be a tremendous market in the future.
And there are different leaders in different industries, such as OpenSea, such as Binance, the different sections in different fields.
But social feed doesn't have a dominant leaders in this, in Web3.
So, we think that we have this tremendous opportunity and chance to become the leaders.
That's what I think.
Yeah.
Awesome, awesome.
Thank you so much for sharing.
Now, let us give another try to see if Triple C's microphone is working.
Could you please unmute and check?
Hello, hello.
Can you hear me now?
Perfect.
Yes, now it's perfect.
Thank you so much, Sophie, for addressing this.
Yeah.
I'm so sorry.
Like, no worries, no worries at all.
Glad that we could start this now.
Could you please give an introduction of Triple C?
Would love to hear more from you on that.
Of course, of course.
I'm so sorry for this technical issue.
And good day, good evening to everyone.
Thank you very much for having us tonight.
So, Triple C is a platform where gamers converge, developers convert, and incentives catalyze.
It's the Web3 gaming ecosystem.
You can understand Triple C as a comprehensive Web3 gaming achievement system and empowering platform
that brings together gaming users, game starters, and developers.
Triple C offers three key features.
The Gaming ID system, which is called GID for gamers.
The Game Starter community for aspiring game starters.
And the Triple C Academy for developers.
The achievement system, which is part of the Gaming ID system, is already active right now.
Meanwhile, the development of the remaining two features are currently underway.
The GID system provides a secure and reliable identity verification solution exclusively designed for gamers.
It ensures that all the...
Hi, sorry.
I think your voice cut off.
Can everyone hear me?
Or is this my internet issue?
Yeah, I can hear you.
But I can't hear Triple C.
Ah, okay.
Sophie from Triple C, could you please check your microphone again?
Or I don't know.
We cannot hear you now.
Okay, then I think let us go to some community questions now.
So apologies about this technical issue, but we will aim to solve this while asking some questions from the community.
So if you have any questions, feel free to request to be on the stage and ask away from our guests.
So I see DeFi Tiger Token.
I'll allow you to the stage now.
And please let us know your question.
You should be able to speak.
Still connecting.
One second then.
Yeah.
Hi, DeFi Tiger Token.
Please go ahead with your question.
Okay.
Hello.
Can you hear me?
Good day.
Yes, perfect.
Okay, yeah.
So I have a question for Titi, right?
So, yeah, I was listening to Titi giving his presentation.
And, yeah, I love what you guys are doing, Titi.
And I have, like, two or three questions for you guys.
So the first question is, do you guys have any form of structure for, like, incentives for, like, the community or maybe, like, the users that are going to, like, be coming on board your platform?
Like, is there any structure for incentives, like, coming to, like, airdrops, stuff like that, you get?
Hello, Titi.
Can you hear me?
Yeah, yeah, yeah.
Sorry.
The internet is bad.
Can I repeat our questions again?
Okay, yeah.
So my question is, do you guys have any structure for incentives to the community?
You get, because seeing that Titi is actually a Web3 platform and a social platform, like, you know, one of the things that actually inspire people to, like, use a protocol or maybe use an ecosystem is, like, the incentives that come alongside with it.
Some stuff's like, okay, maybe when they become too much active on the social media platform, maybe they get, like, a certain token, stuff like that.
You get, like, do you guys have any structure for incentives?
Yes, in fact, we do have, but right now it's just in the start app level, you know, it's not very mature.
It's not very mature.
So, in fact, we have some members and we have some plans for doing that.
But recently we're just focusing on improving our apps experience and the different functions, such as meeting functions, such as the transaction functions.
And right now we do have some members, but it's not very, that much mature, you know.
So, in fact, we have about 300,000 registered users and 20,000 data active users.
And all the communities are operated by my colleagues.
And so we do have some plans to improve all the structures.
Yeah.
Right, right, right.
So that means you guys are, like, you guys have its plan, but it's not like it's executing at the moment, right?
Yeah, yeah.
So, yeah, like the reason I asked the question is because it's actually very important, you get, and just like how Cesar to say, it's just like giving back to the community, you get.
So I was just asking that question.
So my second question, also, like, was there any form of test nets, right?
Or are you guys in your test net stage?
Because, like, I don't know if maybe you talked about that.
So was there any form of test nets?
Because I was checking your profile, right, and I saw the link for iOS download, and it has this test flight stuff you get.
So, like, are you guys still, like, in test net, or you guys just went out of test net, stuff like that?
Yeah.
For iOS, it's still on the test net, you know.
So, but for Android, all the Android cell phone system, the users can download our apps.
All right.
I think you answered this question, so thank you so much for that.
I'll take you off the stage for now.
Thank you for your questions.
Okay.
All right.
So now I want to do one more community question before moving on to my next one.
So I believe YCM raised his hand.
So I'll just put you to the stage now.
I think you should be able to speak.
Feel free to unmute YCM and ask your question.
YCM, can you hear us?
Okay.
If not, then I'll allow Phoenix Token to the page.
Phoenix Token, I think you're connecting now.
So after you're connected, feel free to unmute and ask your question.
Phoenix Token, can you hear us?
I think you should be able to speak now.
Yeah, yeah.
Sorry.
I'm here.
GM, everyone.
GM, everyone.
Hey, kudos to the BNB chain.
Yeah, GM, everyone.
I'm here.
Sorry.
I was a bit distracted.
No worries at all.
No worries at all.
No worries.
Please go ahead and ask your question from Obvious team or TT team.
Oh, I don't have a question yet, but then I just requested Mike just to come up and speak
about the project because I see, according to the topic, the future of BNB chain, new
project launch show.
So yeah, I was just here to kind of show our project to the world and everyone that is here.
So like, I could have asked a question, but then definitely Tiger Token here as literally
asked, I think the question I would have loved to ask, because one thing about pretty much
everyone here is like the community, the engagement, the incentive.
So then it has been asked, it has been answered and it was very much understood.
So I guess I'll just wait to like, it's time for us to talk.
And if there is another question, I will surely raise the hand and then pull out questions.
So thank you very much.
Okay.
Got it.
Got it.
I think Triple C just sorted their issue.
So I'll put them up to the stage again.
Thank you so much for your comments, Phoenix Token.
Triple C team, you should be able to join the stage.
So yeah, you're here.
Can you try to speak, please?
Hello.
Yes, it works.
Perfect.
Thanks, Sophie.
Apologies about this issue.
Please do carry on with your introduction of Triple C.
once more.
Okay.
I do apologize again for all the technical issues.
So I don't want to duplicate what you have already heard.
So could you please let me know where did I got cut off?
I think the basic introduction was there, but there are a couple of new joiners in our space.
So you can start from the beginning as well.
Okay.
So maybe I can start by introducing the three key features of Triple C.
Okay.
So basically, Triple C is the Web3 Gaming Achievement System, which we are the empowering platform that brings together gaming users, game starters, and developers.
So Triple C offers three key features, the gaming ID system, which is called GID for gamers, the game starters community for aspiring game starters, and the Triple C Academy for developers.
The achievement system is part of the gaming ID system, and it's already active.
Meanwhile, the development of the two remaining features are currently underway.
So the GID system provides a secure and reliable identity verification solution exclusively designed for gamers and ensures that all their in-game achievements are permanently recorded as NFT badges, boosting player engagement and immersion.
These NFT rewards not only add value to their digital identities, but also give them a unique sense of recognition.
Moreover, players can contribute to the game ecosystem by donating tokens and receive exclusive in-game rewards and NFT badges as a token of appreciation for their valuable contributions.
In addition to the GID system, we have the GameStarter community, a vibrant hub where visionaries, developers, and gaming enthusiasts come together through thrilling hackathons and rewarding bounty competitions.
Our mission is very straightforward, to empower exceptional startups by providing them with the essential resources needed to secure grants and catch the attention of public blockchains.
At GameStarter, project teams have the freedom to choose competitions that align perfectly with their specific development stage and requirements.
And lastly, for developers looking into transition from Web 2 to Web 3, the Triple C Academy is the perfect destination.
It's a carefully curated resource hub that covers everything you need, from beginner-friendly concepts to cutting-edge techniques.
Our aim is to help you overcome the technical challenges you may encounter during your development journey.
We are here to accelerate the process and support you in confidently launching your Web 3 games by providing top-notch technical assistance.
So, again, thank you very much for having us tonight, and I'm here to answer any question you might have.
Great, great. Thank you so much for the introduction.
I have just one quick question.
Why did you decide to build on BNB chain?
Could you share that with us?
Sure.
So, Triple C decided to build on the BNB chain for several reasons.
Firstly, the BNB chain offers a very high-performance infrastructure and scalability, which is crucial for handling the demands of a thriving Web 3 game ecosystem.
Secondly, BNB chain has a large and active user base within the BNB ecosystem, providing Triple C with a ready-made community for gamers and developers to engage with.
Additionally, BNB chain's compatibility with the EVM allows for seamless integration with existing Ethereum-based gaming projects and tools.
By leveraging the strengths of the BNB chain, Triple C can provide a robust and user-friendly platform for gamers, developers, and game starters in the Web 3 gaming space.
So, that's the reason why we choose to build on BNB chain.
Got it. Got it. Thank you so much for the context.
Just to the audience, because I believe you builders on the stage are well aware of this, but I know that you mentioned scalability.
So, I just wanted to build on top of that to just mention the scalability of OPBNB.
So, it's right now at 4,000 transactions per second, and we are planning to increase that to 10,000.
We just published our roadmap of OPBNB earlier this week, so feel free to check it out.
And the transaction fee right now is half a cent in US dollars, the average transaction fee, and we will cut that by 80% by next week.
So, it will be tenth of a cent in dollars.
So, this will be the fastest, and this actually is the fastest and, sorry, the cheapest layer two across all layer twos.
So, to any builders who are keen to build on a scalable solution, OPBNB, I think, can be a very good choice.
And also to the users, since on Binance.com as well, and on many other exchanges, there is OPBNB withdrawal possible.
So, you can use the OPBNB network, the layer two on top of BSC, to withdraw your tokens and interact in Web3.
And on Binance, actually, it's the cheapest withdrawal fee to use the OPBNB network.
So, just a heads up to everyone about this.
All right, I think, like, I would love to ask one more question from the community before we would end today's session.
So, I'll invite Brandon to the stage.
I think you should be able to speak soon after you're connected.
Yeah, you're on the stage.
So, Brandon, feel free to unmute yourself and just ask a question from any of our speakers.
Brandon, are you here with us?
Okay, if not, then I'll invite Tassin.
Tassin, can you connect to the stage, please?
All right, if not, then I will just move on to my next question.
So, I have a last quick question from each of the speakers now, which would be,
do you have any advice for Web3 developers looking to build a successful startup?
So, would love to start with Obvious.
Do you have any insights on this to kind of guide future developers?
I think for Web3 developers or anyone who's building a crypto ecosystem,
I think I would just have one advice for them.
You know, build what the users want, right?
I think a lot of people are trying to chase the wrong narrative
and just trying to hop from one trend to another trend.
I think it just makes much more sense to solve a problem for a user,
either on-chain or off-chain,
and then use blockchain tools for leveraging that
because I think a lot of projects that are coming out right now
seem like they are just chasing that one trend
or they seem like a copycat of some project that works on one protocol
and trying to bring the same thing on the other protocol.
So, I think it would just help if you probably, you know,
build or really solve a problem for someone in the space.
I really agree with you.
Yeah, I think so too that every developer and project owner
needs to be really user-focused to build what their users want
and not really chase their own narratives, as you said.
So, very well put.
Triple C, do you have any advice for Web3 developers
looking to build a successful startup?
Sure.
So, we do have some advice,
at least based on our experiences building Triple C.
Firstly, dive into the Web3 ecosystem.
It's very important to stay up to date
with the latest advancements and technologies.
This is a very fast-evolving space,
so get very familiar with all the Web3 information,
smart contracts, and all the cool stuff happening.
It's definitely something essential to build a strong foundation
for any Web3 startup.
And that can be very inspiring for you as well
to build a very innovative and impactful solutions.
And secondly, I think right now we're at the stage
that to build the Web3 world,
we have to focus on solving the real-world problems.
So, we have to identify the pain points or challenges
in existing systems or industries
and use Web3 technology to provide solutions,
create real value,
and address the needs of your target audience,
just as our fellow speaker just mentioned.
To really focus on the needs of your audience
and really to target those real-world challenges
is something that can really grow old.
So, that's what we're trying to do.
We are really trying to help the game starters,
the developers in tackling real-world problems
and hoping to build a positive impact.
And lastly, but not least,
if you're building Web3 games,
I think it's very welcoming.
We welcome everyone to really check out
our CCC GID features
because we believe that we are building a community
into our CCC Academy
that can really ensure the secure identity verification
and tracks achievements using NFT
and boosting the user engagement.
So, this is the community that we build
not just for our own self,
but for the whole community of gamers,
game starters, game builders, developers,
and everyone involved in the ecosystem.
So, that's all I want to share for now.
Great, great.
Thank you so much for the great insights.
Over to Titi.
Do you have any advice for Web3 developers
looking to build a successful startup?
Yeah, just one additional advice.
So, in fact,
since the time is of great significance for everyone,
I mean, during the bear market,
you're just going to focus on your community
and your products to focus on that,
all the basic functions,
all the experience.
And during the bull market,
you're going to fly to the moon
and that will be the result that we all want.
Yeah.
Great, great.
Thank you so much for the insights as well.
All right.
I think this was most of my questions for today.
So, would any of you want to say something
as closing words,
for example, like what your plans are
or just a quick goodbye to the community?
By plans are, I mean like roadmap-wise.
So, feel free to check,
feel free to share any upcoming news
that you might be excited about
or just some other closing words.
So, over to CCC.
Sure.
So, as we mentioned,
that we have one of our biggest features,
which is the GID,
part of our GID protocol active already.
Please check it out.
And we have more things coming,
more exciting things coming very soon.
We are right now trying to collaborate
with many partners
to really build the ecosystem together.
So, we really welcome anyone
who are big game fans
and who are really trying to build
true entertaining games on Web3
to really come to us and work with us.
Thank you very much again for having us.
Great. Thank you so much.
So, just to emphasize again,
if you are a game developer,
feel free to reach out to CCC
or also to us
if you'd like to deploy your game on BNB Chain.
But now, I would also love to ask this question
from Obvious team.
Do you have anything on your roadmap
that you are excited about
and wanting to share with the community today?
If yes, just feel free to share.
So, I think in terms of roadmap,
so, yeah, we are making the wallet a lot better.
We are planning on, you know,
more and more features.
Some of these new features
are probably coming up.
I don't think I can do that right now,
but, like,
a lot of things that are happening
just in terms of Wallet Space,
we recently did a very big campaign
where we waived off partnership fees
for any, you know, chain that we are partnering with.
So, yeah, I would just say that,
you know, stay tuned
and keep your wallet in the center's feedback
as well as we can.
Sounds great.
Thank you for sharing.
Looking forward to see the improvements
as well that you mentioned on your product.
So, great to hear.
Over to Titi.
Do you have anything on your roadmap
that you'd like to share with us today?
Yeah.
So, in 2024,
it's going to be the year of social fee year,
we think.
So, we're just going to focus on this specific field
and we welcome everyone to experience our apps.
Great.
Yeah, I do agree.
I've seen a lot of uptake
on the social fee segment as well.
So, yeah,
thank you so much everyone in the audience
for tuning in today.
And thank you from the great speakers as well
for sharing the details about your projects.
So, see you next week.
Thank you so much, everyone.
Bye-bye.
Bye.
Bye-bye.
Bye-bye.
