Jam jam happy Saturday. Happy weekend guys
Thank you for joining us and
Looking forward to having a good conversation. I see full barge has joined us. Let me invite him to speak
clusters which just happened to come out of nowhere over the past week a lot of developments of web 3 and
You know, I see Victor in the audience for name five
So do me a favor just go on the bottom right and share the room and want to make this an inclusive dialogue and
Obviously you get you guys input. I know little to nothing about clusters
all I know is how to spell it so I feel like this is a good way to learn about it and
You know, I have no bias. I have no
Dog in the fight. This is my first time meeting food bar. This is not a paid endorsement of any sort
It's just a way for me and others to learn about what seems to be a relevant
platform emerging in the space what
especially as someone who is super bullish about web 3 domains in general and preaches about diversity and the fact that we will
see emerging protocols and
Is the fact that I saw that?
Clusters is adequately funded, you know when I saw that they raised nine million dollars to me
That's significant. That means that it's not just some fly-by operation
that means that you know, it's been vetted by
venture capitalists to say the least and
You know, I just get excited about stuff like that my background. I
Organized the domain expo. I'm a domainer
I'm very bullish on domains in general. I feel like it's one of the most
but it's also very speculative and it takes a lot of
There's a lot of risk when it comes to domain is specifically web 3 because it's uncharted territory
There's really not that much historical data
And so I always tell people the best way to minimize
losses because you can never eliminate them is to be informed and
Unfortunately, all fortunately we have platforms like this to you know
Have this meaningful discussions, but there aren't that many outlets where you can learn about web 3
so everyone was here is a rock star to me and you know shows that you guys are
Serious about web 3 and domains in general
So yeah with that being said
I'm glad that we have food bar here and
You know, I see some familiar faces if anybody wants to come up on stage and join the conversation
Just shoot me a request and you know, as long as I feel like it's someone I'll add value
I'll bring you up because I want this to be an inclusive conversation. It's a Q&A
yeah, hopefully by the end of this conversation, we know a little bit more about clusters and
Understand what they're trying what gaps they're trying to fill in this space. So yeah food bar. The floor is yours
Can you please introduce yourself and?
Anything you like to say we'll get started
Sorry about that. Let me fix the feedback
All right, is that better
Perfect. I'm much better. Awesome
Thanks, thanks for having me. I appreciate you appreciate you reaching out like you like you said
I don't think we knew each other before before yesterday, but I'm really excited to have launch clusters
And the domain space is so rich
There are so many so many interesting people and projects with different different takes and different approaches
So hopefully we contribute we can contribute to that
a little bit about about myself and our background and how this project came to be
So I'm the I'm technical. I studied math
I worked in machine learning and I've been very deep into the crypto world for the past couple of years
But I noticed the biggest problem for a lot of people both
Beginners and even advanced technical people like myself is it's just really confusing. It's really complex
It's really hard to manage everything. You've got like you've got your ten wallets. You've got your five names
You've got your four chains. You've got your seven apps
You're trying to use and even the smartest people among us can't keep track of what's what so that the theme of the past two
Ish years for me has been how do we make crypto usable for the average person?
And how do you make crypto fun for the advanced person just because?
You're smart enough to figure out something really complex and hard doesn't mean you should have to you're wasting all your brain power on that
We launched we launched delegate which is security tooling for the multi-wallet world about a year and a half ago and
Have seen amazing uptake on that. We've seen a hundred eighty thousand wallet sign up there
It's currently securing over a billion dollars worth of NFTs alone, which is kind of wild to think about and
and I'm happy that it's improved the experience of a lot of the key apps in the space like OpenSea like ugalabs gaming and
but the the vision with clusters is I think it's very very important that people have a
Single simple friendly easy to use namespace for all their stuff
I know that when I my experience with trying to label my addresses was I went on I
Went on aetherium and somebody was squatting on fubar.eath and they won an exorbitant amount for that
So I wasn't able to get that and then so I got a different name instead and then when I went on Solana
That wasn't supported and supported in any of the apps. So I need to go get a dot soul and
Then I'm I'm out here trying stuff on poly on on avalanche on layer twos
And each of these have their own have their own namespaces as well
So I end up with five names for five wallets
And they all have different different models and different security risks and different integrations
So I thought to myself what if you could just have one universal name?
Grabbed all your wallets on all the blockchains Bitcoin aetherium Solana layer twos
Cosmos even a lot of the newer ones and stuck it all in one place
Wouldn't it be really cool if you could have a unified user profile for stuff like gaming for leaderboard?
For points and so that's that's the vision that clusters spawned out of now
There's as we've been diving into it. There are some really interesting technical questions and
And approaches that I'd love to talk about
Like how do you how do you properly route data across chains?
But really the division of clusters is simple. It's all the chains. It's all your wallets under one name
Really simple and friendly for the average user
Think you're cutting out unless that was the pause. Oh, yeah. Sorry. I was I pause there
Not not sure if not sure if you had any thoughts. No. Yeah, that's that's interesting. Thanks for sharing our background
And I you know, I think in summary if someone's just said what what gap in the market?
Do you see that your platform addresses? What would your response be to that? Mm-hmm
I think I think the gap is that you have a lot of fragmentation
you've got something for each something for Solana something for avalanche something for Bitcoin and
The average user is gonna use one or two of these and then get really tired of it
So I'd say that the gap we're addressing is just simplicity
Even even when I'm when I'm bridging from aetherium to Solana
For example, it takes me like five minutes to go look up
What what my address is on the other side because it's not the same one
Ideally, this is all just grouped under the same under the same aspect. So the two key problems we're solving I think is that
We're the first universal product built for the multi-chain maxis
the people who are who are everywhere trying everything always a little curious and
Then I do hope we're able to make some good innovations on the economic front as well
You want strong digital property rights, but you also want everyone to be able to get
their their name I think a big failure case of
Even even DNS and I don't really blame them because it's been an emergent
It's been an emergent system and it's worked very well, but it's so hard to get a quality.com name nowadays, isn't it?
Everybody is everybody's switched to switch to dot XYZ
Because all the all the good things have been bought and I think that that does
While it while it's beneficial in the short term for some people it harms long-term adoption and people end up going elsewhere
Or they're treated with open arms and
So I'm thinking about how do you make this sustainable? How do you make something that becomes a true hyper structure?
And lasts for decades and on that I think you you have to both reward early adopters, but make it accessible for
Late entrance somebody somebody joins crypto in the year 2030
What's their experience going to be like how can we build clusters so that they want to come on board then?
So yeah, those are those are those are the two bits I think
Universal apps for all the chains and all the environments and then much more much more accessible carefully designed
Economics are what we're focused on
Yeah, you guys are on when I read your website you mentioned that term and you just said it fragmentation
For folks that don't know what that means. How would you define fragmentation? Yeah, it's a great question
Fragmentation it comes from the word fragment
Like picture picture a porcelain bowl shattering into a million pieces when you drop it on the ground
It's very it's very hard to put it's very hard to put back together and that that's my visual for what's happened with the blockchain
world it used to be that you had your Bitcoin address and maybe your aetherium address, but that was pretty much it and
now you've kind of the the blockchain bowl has shattered and
We've got we've got a hundred different L ones all with really interesting trade-offs and and skill sets
But users trying to pick up the pieces are just overwhelmed and confused
So frag fragmented means that instead of there being one right way to do things
There are a dozen ways to do things and it's it's cool that users have that choice
But it's also overwhelming and confusing
Makes sense to me. So there are a lot of people, you know, obviously that
Adopted ENS, right? ENS is an 800 pound gorilla in the room
What do you have to say to someone who says ENS does everything you've described? It's a most I chain
Wallet it allows you to you know
Exchange money with different
Cryptocurrencies like what is the differentiator between yourself and ENS? Mm-hmm. Yeah, great question. That's kind of funny
I mean scroll scrolling the audience. I think maybe a third a third or a half of listeners here
Home turf, I'm probably one of the most
Looking at your page you have what?
1,500 or so names. No, I don't have
ENS. I used to have 800 I've scaled down to 400. I'm probably gonna go down to 100
Because personally my position is I'm an investor
And I you know, I personally don't like losing money
I like to invest in things that on the upside
Right and you mentioned that don't come thing. I'm also
You know, I'm the guy that don't try to sell you close this calm and explain why you need that versus closest on XYZ, right?
Appreciate it. That's kind of that's why I was interested to come up here and talk with you all
No, it's no fun to be in an echo bubble. Yeah, and so yeah, what what would I what would I what would I say?
I think yeah first off. I love ENS
Really cool innovation very early on. I have my I have my own name there and it's done. It's done amazing things for the space
a lot of the I've gotten I've gotten some pushback when I say like clusters is natively multi-chain and
ENS is not and a lot of a lot of ENS holders will will come and they'll say things like
ENS is heading to L2's via CCIP read
And the ENS lets you set text records in your profile that can that can theoretically store
Solana and Bitcoin addresses and to their credit there are like there are some very
Committed users who actually do use those properties
But in my at least in my average experience, it seems like there's not
Outside of aetherium. And so the goal the goal here is to take what works really well and bring it everywhere
I want I want the best user experience. I want us to be super simple for everyone
So I'm not I'm not trying to make this an either or thing. I think ENS obviously has very strong
strong market penetration and has done great things
But we've also worked very hard with clusters to make a
experience that treats multi-chain and multi-wallet as a first-class citizen and
Yeah, I'd say I'd say it's something that can be a really interesting helpful
Useful addition doesn't have to it doesn't have to be a replacement
No, I get it. I get it. It's it's an option if anything else, right suits if I can use that synonym, right?
Let me ask you this in your roll out of clusters
What is the journey been like what has been the biggest challenge and in creating visibility for clusters?
How do you plan on marketing clusters and and then we can dive into like the pricing mechanism?
Mm-hmm. Totally. So I'd say that the journey of clusters has been that there's this very clear and
State we need to be at the multi-chain multi-wallet world where everyone can get a name they love
But working it's it's very simple to say that and that makes sense
but working backwards and how does that actually get developed and implemented at a technical level is
It's pretty interesting. I'd say that the multi-chain world is very immature
You have you have difficulties to worry about like bridge hacks, for example
And you have you have additional overhead and complexities that come with that come with
the trust assumptions of multiple chains
We work. I mean we we work very hard did a deep dive on what's the what's the best bridge to route this over?
How can we get costs down to near zero for end users?
How do you how do you preserve value within the system?
What do what what do integrations look like if you're talking to an ether scan or a metamask or an
Or an azuki project what what do they really care about and how do you make sure that that gets integrated?
Um, so i'd say it's been a it's been a lot of hard tech hard technical work
we're just starting to roll that out and explain to people trying to do it in the very piecemeal basis because
I do think while while it is innovative people
Only myself included have the patience and attention for very small for very small snippets of things
but yeah, it's for for me the most satisfying thing is just being able to
Help push push the boundary of innovation forward a tiny bit in one arena
And so you build others help others build on that
No, awesome. You guys launched this week
How many clustered names have been claimed so far?
Yeah, it's been wild we launched about 48 hours ago and we've seen we've seen 8 000 names
10 across over 10 000 wallets
That's the the reception has been amazing blown away. Even my even my optimistic hopes
So thank thank you to you all who are willing to
Let me ask you this what is the cost?
You know, I know that ens is very clear and i'm not trying to compare to ens
I'm just using it as a reference. Everyone would tell you i'm not the biggest fan of ens
I i'm a fan of domains in general
And you know, I go by ish really I used to be ish really don't eat because i'm really trying to double down on
My own identity versus, you know, what's to the right defining me, right? I could also on ish really calm
I come from this into this space as an investor and a lot of people also
You know investor speculators or like the ens that was referenced in squatters, right?
What what is the what is your clear pricing structure because I know with ens for example
It's a three or three character is 640 640 dollar renewal of our characters
160 a dot com is 10 dollars and 10 dollars renewal unless you purchase it in the secondary market
Um, you know a dot so I don't know what dot souls are
But anyways, my point is how do you price a cluster's name because I went on the website
And it seems like I asked a bid for a name
Yeah, totally. Um, yeah, the ens structure is very clear
640 bucks, um, and and that's that which I think leads to
Which I think is is good for day one adopters and whatnot because it's easy to understand
But can lead to some long-term inefficiencies
640 640 may be too cheap actually for some names and it may be far too expensive for others
And like like likewise five five dollars, maybe
But far but but far too expensive for someone
in a third world country, so I think there are like I think that the
Managerial decree of I pick some numbers and put them in a spreadsheet
And this is what they are until until the end of time or until dow governed and so which given how dows work
Can take until the end of time?
Um, there are there are the trade-offs there. The approach we're taking with clusters is more
It's let the it's making 99 percent of names cost a cheap minimum amount
Competitive ones you've got bid-based pricing
that what this looks like is you've got something like
Five to nine bucks a year for example
Um and 99 of people pay that on uncontested names like ish ish milli is ish milli is your brand
There are no other ish millis in the world
and then you've you've got other ones like a
That that I think are going to be are going to be hyped and competitive and a lot of people are bidding on that
and so the structure that we've got is
99 percent of people pay a flat minimum price and then if there's active bidding activity on a name
sells to the bidder and the owner makes a lot of money and and everybody's happy
Or the recurring fee increases slightly
So this is an idea that that vitalik actually proposed about a year ago called demand-based
demand-based recurring pricing with a cap so you get yeah, you get strong property rights
I know i'm going to own this name for a minimum five years
But it also makes it harder for someone to come in and and squat indefinitely on like fubar.eith with little cost to themselves
I believe this is the solution to reduce squatting
I think it's it's the um, it's it's
Um, are you are you are you guys going to be um reserving names? Um, you know
trademark holders, um, you know like say for example, you mentioned mcdonald's can someone go out there register?
Um microsoft on clusters, for example
Yeah, so a key tenant is we want this to be as permissionless and open as possible
So we haven't we haven't come in and encoded any educations. We haven't reserved any names even even my own
That it is participating in like open open market auction
like the rest so I think that
Edge cases are attractive to encode
But they often lead to more problems down the line than having a single unified approach for everything
So it really is eating your own either. This is a good model for everything or it's or it's not
Yeah, interesting we'll see how the market responds to that but I think with 8 000 names
In two days you guys are also a good start
Um, so, you know, let's go back to
Um community, right? Obviously you can't thrive without community and i'm sure that's why you're taking the time on a saturday
To explain the use case for clusters here and you know, we're appreciative that but you know
I know that ens would not be where they are if it wasn't for the ens token, right the governance token and the generous
Token generation event that they had about a few years ago
I mean a lot of us made good money because we were rewarded for a ducts in dot eve
Is this something that's on clusters roadmap or maybe I mean, maybe it's too early to speak on that
but do you see something in the future where
Maybe you guys have a token and people that have clusters names will get a token drop
We are about two days into this so
Not gonna make sure not gonna not gonna make any promises or predictions either way
What I what I will say is we're heavily invested into
Rewarding early adopters. We've already done that
Like when when we launched on day one the biggest the biggest concern was
Why would I bid on something and share it if i'm just going to get out bid and that was a very?
reasonable reasonable concern
Um, we've we've rolled out booths for early adopters that applies them that applies very generous multipliers
Like if you're the first bidder on a name
Then whatever bid you put in gets 2x
And then doing things like sharing it on socials having it be your other social profile names
Give you an even further advantage on that
so I think it's it's it's really important with
with mechanism design and whatnot to
Reward the people who are helping something thrive. Um, as as you said
Clusters has nothing is nothing without its community
You look at I think I spent since I wrote yesterday was we want clusters to be the most useful
And the most used protocol people think those are the same thing
But it's really not good technology doesn't matter if you take the technology and throw it in the basement
And are super are super selfish about it. You need good good technology needs to be
Helpful to the masses. It needs to be used by tens of thousands hundreds of thousands of people
Yeah, I can't I don't I don't want to I don't want to over promise anything, but I'd say we're very very committed to
helping helping everybody
Have a very useful and used experience here
What what are your views on decentralization? Would you say this is a decentralized platform?
Yeah, decentralization is critical
We're we're in this beta period right now where i'd say that the trade-offs of decentralization is
That you the decisions are locked in place for the most part that can be very very good
Um, if you made the right decision and that can be very very bad if you made the wrong decision
So i'd say we're that that's the purpose of this active beta period
Is to really flesh out and tease out i'd say even if our assumptions are 95 percent correct
And we've made a 95 percent
Optimal set up we want to fix that remaining five percent
Um, but yeah the the end state of this 100 needs to be needs to be decentralized
Ideally community owned community controlled in some way. So
So are you saying maybe some sometime down the road from out this would be a doll
It's it's an option got it and um cannot answer that for you. No, I understand like look you're in day three
You guys are still literally you're not even crawling yet
All right, which is i'm not i can barely i don't think i don't think i've slept yet
Why the name clusters? Where did that come from?
Yeah, it's uh, I was trying to come up with some imagery that evoked
A bunch of things together like you've got you've got your four wallets. You've got your four blockchains you use
You've got different labels for each of them. I was like, what what signifies what signifies bringing everything together?
And that just kind of it kind of it kind of stuck. We were working with our designer one day
Um, and he put it together and the word just popped into
So, yeah, i'd say I I won't say it's a super scientific process
Don't ask me how I ended up with the name fubar either
Are more chance than chance than design but you pick the good stuff and stick with it
So let's go back and this is a little bit of a side question
It's kind of like I like to think of I like to get in the mind of a builder, right?
When you when you when you thought of clusters, what was the first thing you checked?
Did you check for clusters that xyz or did you check for clusters calm and it was taken?
Think we checked checked for both
So both both required half-seat negotiations
Um, oh, so so clusters wasn't a hand registration you purchased that from a secondary
Uh in the secondary market
Interesting. Are you able to share how much you paid for that name?
Recall i'd have to i'd have to go look it up over 10 grand a hundred grand
It was it was under 10 grand. Okay, and then do you recall how much the dot com was was requesting?
I think the dot com was looking for a hundred grand plus so oh now they're gonna ask you for 500
Because you have nine million in the bank
Well, do you do you think there's um
There's a significant difference. I mean you're you're a newer company. I you know a domain web three company, right? Do you see?
Do you think there's any sort of like knock on the brand for having a dot xyz versus a dot com?
Um, i'd say that within within the cryptosphere
obvious obviously obviously there are
I mean if you can if you can get x dot com for example, then that's beautiful
but a lot of a lot of the focus is on kind of the protocol you ship compared to the
Van it compared to the van d of a website itself, so
It's definitely definitely something i'm not
Marking off the radar, but I hope that people
Look to the look to the quality of the of the protocol itself and and future surrounding integrations
You know integrations right ens has a lot of integrations unstoppable
There's a lot of integrations, you know an advantage of being here for a while
How do you guys plan to leveling up with this integrations? Like does the clusters?
Wallet address does it work on does it resolve a metamask like what's native to clusters right now?
What are you working on in terms of adding features?
So given that we launched two days ago, there are there are no integrations live
But the purpose of this beta period there have been dozens and dozens of protocols and teams and apps and sites
who have all expressed interest and
We want cluster. We want cluster support day one. So a big a big part of this. We've got eight thousand users now
Can can help can take those can take those potential integrations and start working heavily with them on what's
On what's real real live data?
So i'm not gonna i'm very much prefer to
Talk talk about what we've what we've landed instead of make make promises even if that's an 80 90 confidence thing
But i'm i'm very very confident that we'll have
Lots of fun news to come over the coming weeks and months
And yeah, this is this is very interesting
Yeah, this this be this becomes useful
And really the goal the goal is to complement
The goal is to complement existing things. It's great
You can see your dot eth you can see your unstoppable domains and so on on etherscan
But there's a lot of use cases that aren't served by anyone right now
Um, say you want you've got a gaming leaderboard or you want to show off all your nfts
And you want to aggregate your profile across all your wallets clusters is really the only
Universal tool out there that lets you do that. So we're focusing a lot of efforts there and I think that just
Cheer improved ux and and ease of use for everybody
Is gonna is gonna make these integrations into things like like etherscan like wallets and so on
Yeah, interesting so right now we've seen a lot of web 2 web 3 integration I think we'll call that web 2.5
You know, I see victor's here. We're going to talk to him as well about that
Um, and you know, he has a protocol that he launched called name 5 that enables that
Came out with a gasless bridge
Um to take a dot com and make it a web 3 domain name, right? So you can you know
Essentially send money to a dot com or dot net or dot org or any other. I can cld for the most part. Um
What is in it for a web 2 domain name as far as close as is concerned?
Uh to to be honest, I'd say we're focusing on the crypto native experience first
How do you build out? How do you build out a delightful experience for managing all your wallets?
There's a lot of room to hook that into the dns ecosystems as well, of course
But I think that what what we do best is probably the crypto native stuff
Yeah, if you're if you're looking for for straight dns hookups
And all the all the adventures and headaches that come with that
I follow the forum post quite quickly and it's it's funny because
On monday on monday you're integrated on tuesday. You've been banned
On wednesday you found a different way in
Um, but i'd say we're highly focused on the crypto native experience first and ideally strong enough adoption millions of users
Of course that bleeds over to the the web 2.5 dns ecosystems
Awesome if anyone has any questions or wants to um add any
Feedback just you can either leave a comment or you can um
Request to come up on stage
But um, I those are the kind of like the questions that I have
So what's what's what can we expect in the in the upcoming days from cluster?
In terms of like integrations. I know that it's still very very early
But what what are your priorities in terms of integrations?
So the the first priority now that we've
We we've landed a delightful
Auction registration experience the next step after that is how do you
How do you create a super simple?
Rest api javascript sdk for a bunch of these other integrations to start testing and building around with things depending on the size of the
Depending on the size of the project some some teams can ship changes to their website in a week
Or in a in a day some teams need nine months and three rounds of legal approval
And uh in a quarterly planning process, but we're trying to we're trying to get the ball rolling on all those fronts
Yeah, what I what I can say conclusively is there's been a ton of overwhelming interest and i'm excited to
Help turn that into as much usefulness for users as possible
Is there a use case or an investment pieces I can understand the end user
utility, but is there an investment thesis for why people should register cluster names like
What what like put yourself issues of an investor or speculator? What is why would I be bullish on cluster?
Cluster users should not have an expectation of profit. I would say our goal here is to make a highly
More than makes up for itself
A half hour off your day or if you can save
Your life savings by sending to your cluster address instead of the wrong address, then I think it'll all have been worth it
But this really this really is meant to be
something that scales to millions of users something that
And that makes everybody's lives easier improves the entire crypto ecosystem
Yeah, someone is asking a question I think as board gentleman he said I just set up my cluster address instructions are not clear
Is the name mine now or someone can bid on it and take it or it just means that if someone bids on it
I can accept it or not accept a bid
Put together put together a thread just yesterday we published. Let me
Um, but basically there there there are two stages
The first stage clusters beta which we're in right now
The are not disadvantaged against bots. I think a big failure of the first come first serve system
Is the average person sitting in their living room clicking on their computer simply can't compete
advanced botters from who knows where
And that leads to that that hurts the community that leads to a bad start
And so we're really focused on everyone being able to get a name they love
right right from the start
And then so what we have right now is a is a bidding bidding process for no longer than four weeks
Then those names get locked in
Traded on the secondary market after that at full at full production launch
Cool, yeah, let's open up for some questions. I appreciate that overview
And awesome responses i'm learning a lot about your platform as to more. Yeah, appreciate it. Appreciate thoughtful questions
I can tell you you've thought about the space a lot
It's it's all good. I mean, this is your I mean, it's it's your it's your livelihood
Yeah, I love domains. I mean I generally I generally do and I feel like you know
I'm a student of the game and you know a new platform comes up and has made the type of
Splash that you guys have made. It's it's always good to
Ask this questions, especially transparently so other people can can learn as well dreya. What's up queen?
Hey guys, thank you for having me up. I am like super interested in this project. I've been looking into it since it's launched
And yeah, I am just curious to know I know that clusters is
like mostly, um a protocol for like
But I wanted to know if you have if fubar you ever see it like
It can become a place like to facilitate the transfer of funds
If I earned like funds from gaming in one blockchain and it could be facilitated so like another blockchain easily through clusters
Yeah, I mean that that address labeling is a huge unlock
I think a big thing is someone someone knows my eth address, but they don't know my soul address
And so they have to ping me i'm asleep. I send it back. It takes 12 hours to figure this stuff out
Ideally if if my fubar cluster
Has fubar slash eth and fubar slash soul under the same name
It's super simple to go and say i'm sending goal
I'm going to send it to fubar slash soul
So yeah, we've got we've got this
All the chains element, but also all your wallets. You can have a wallet. That's
And just the labels on themselves. It's way easier to know that drea slash friend tech is your friend tech address
It's not it's very hard to know that
OX one two, three four is your friend tech address. So
Ideally this this is a is a very useful platform. So yeah, exactly
Thank you so much. And congratulations on the launch and also, um
I really do. I like got my name and i've been like testing out the site
I really like the fact that I can add like all my wallets and like unadd them and there are no fees involved
Yeah, thank you appreciate that ideally this is your one-stop shop for for all your on-chain configuration
Yeah, we got victor from namefi and would love to do a q&a with him as well. Is there any um question that you have victor?
Hey, it's millie. Hey fubar. Uh, it's great to be here. I have been listening in for a little while
And it's a great conversation
I'm really happy that it happens on a week on on a saturday and everyone is so passionate about
About it. So this is victor for those of you who have not known me
You should mail these friends here. Um, that's my first identity
My my second identity is that I happen to be uh, this founder of a namefi project
Uh and make it an ft so you can easy own easy trade
Um, so if you are interested, uh, check out my our twitter counterstair as well
My question for fubar and thank you for being here for the community. I think we share a lot of vision here
that cluster is building this
Universal identity layer so that everyone can own their name and make it easy
uh share this vision that um
Name is important for massive adoption
And names are a great assets if used right and name bear trust is important
My question for you is how do we as an ego system partner support you support fubar support?
To make it easier for all the project to integrate with you now that
There are a lot of users who want to use clusters names
So what is your what is your message?
Uh that want to support you
Yeah, great. Great question. I'd say first of all reach out you can dm meep on twitter
You can dm the clusters count on twitter
um, we'll we'll respond there we've
Worked very very closely in the b2b space for a long time on delegate. We've done over on delegate
We've done over 150 different project integrations
And learned a lot about how to make it as simple and easy and also appealing for the projects doing it. Um
Projects, I know that the other teams are are busy themselves. They've got um,
They've got three things to ship and only time for one and then someone comes along and says have you considered a fourth?
So that doesn't quite work
But yeah, i'd say we'll we'll have some really easy plug and play tools. So just reach reach out via dm on
On either personal or or project counts
My question as you guys grow
Do you anticipate as you pick up secondary volume to have your own native marketplace or is that something that?
The community will will build
I think it'd be great for the community to build it certainly
Certainly want to ensure the best experience
So if there's if there's a need we'll do our best to fill it
But there are a lot of great marketplaces out there already and people from ens vision for example
have already reached out and expressed interest in in building that so
I my my my opinion is there's so many cool things to build if I had infinite time
But what it's important for us to focus on what we do really well
And work with others in the community who have even better skill sets
And the resources are available for people that
Want to dive in a little deeper. Is there like a discord where people can ask questions and things like that or
Or what you guys put out on twitter?
Yeah, we're primarily focused on twitter sport. We'll be publishing comprehensive docs shortly
Um them potentially spinning up a discord slash telegram community
But I do think I I enjoy the openness of the twitter conversations
Somebody has a question and you answer it and it's kind of there recorded for everyone else to read and see
Community fragmentation another another use of the fragmentation word
So we we may spin up more but primarily primarily we'll have comprehensive documentation and really active
um twitter twitter engagement
I think it'll be awesome. Just you know, my personal feedback will be it'll be awesome soon because it's a bit technical
So how discord where people can ask questions and you have mods out there that can walk them through
Maybe get in their first cluster name
Um, I I think that will be super helpful
Yeah, that's it. That's a good point. Thanks for
Emphasizing that i'll think about it
Yeah, cool cool. Um, yeah kill for cookies don't eat what's up never met before. Thanks for joining us. What was your question?
Yeah, thank you. Thank you bro
Fubar I have a question. I did a
Um, and my question is what should I do?
In one week, for example, if my bid will be successful should I pay?
more to rent it to make it four year rents or
Or the price included already
Um, so so the the bid every winning bid will have at least a year
Um registration so that should I mean well the the the details of what that
Looks like will be published will be published more when
But i'd say not a not a ton to worry about we're working on notification system to ensure that you're the highest bidder as well
Um, and then there are also
Bidding boosts that highly prioritize the first the first actor and early adopters and so on
I was a bit confused because I saw on the landing page
That's why i'm asking this
Website sent some people got service deal version of the site and whatnot, but that should
Work it working to clear up all that communication asap
Yeah, awesome. Thank you. Thank you
The guy named jeff wants to know will you or do you support cardano?
Um, we don't today it's definitely
It's that it's definitely an option
It's a car carano is an interesting programming environment that I think takes some careful take some careful expertise
But there's there there's clearly an an active community there so
Interesting any any um exciting things you've seen in terms of names being registered like what patterns have you noticed?
Yeah, I mean what's most exciting to me
Is obviously there was a big
Of of people have been anticipating this protocol. It came out
Mad rush to get things but what's been even more exciting and encouraging for me has been we're what three three days in now
The very very steady stream of of new interest new excitement new adoption people asking very careful questions
And I I can tell that people want uh people people want a quality product, you know, you know what they say
The the most dangerous thing is apathy
and animosity means that people that people care and they really they really want things done right and so I don't I can't um
I don't I don't know that we're perfect on that front, but certainly
Certainly doing our best to shift the most useful and used thing we can
Can you talk about your fundraising journey, uh, was that was that easy, uh, obviously, i'm sure you you have the relationships
um because of your background and what you built but in in speaking with vc's like
What was the pushback in was we're launching a new naming protocol and was it a receptive conversation?
You know, what can you share about that?
Yeah, it's it's interesting because
Yeah, it's it's interesting because
I feel like my my approach
To building things has always been
When I when I think when I think of a protocol or a tool I ask myself
How will this be used in the year 2030?
Um, does it does this have a shot of being?
a centerpiece in the year 2040
and that does rule out a lot of
Kind of short short-term wins like make a make make a meme coin dex you'll probably make some money
But will anybody care about it a year from now five years from now? The answer is no
And so building building delegate the experience was we built something users loved
But a lot of a lot of people didn't see the vision. They said oh look it's a security tool
Doesn't it doesn't make very it doesn't make very much money. This is uninvestable
And I I understand they're they're busy
But it but it was still a little
Yeah, rejection is always challenging. I think
so building being able to build up a really robust community and and partner projects
To the point where we're securing a billion dollars on that front
I think helped helped build up a lot of trust that
Maybe we we we were the ones to
To execute this or these were the core problems to focus on
And let me let me i'll circle back in some other questions I have but i'll you know
I think victor had his hands up and then we'll let his hands. So defy links lyx
Ask his question. Go ahead victor
Yeah, so I think the question about cardano reminded me full bar I like to pick your brain about this
So you and I both believe in a multi-chain future
What's your view on supporting?
For example polka dot and a bunch of others they assume in their ecosystem. There will be
Tens hundred thousands or even millions of chain each app will their whole have their own chain which review on
Um having clusters or any multi-chain first?
Uh name system supporting them because I think from name five perspective
We like to make sure all users can own
names and easily hold them
And so when it becomes a multi-chain
Multi app like multi extreme multi-chain situation
Um, it seems to be a both a social problem as well as of a technical challenge which review on this
Mm-hmm couldn't agree more. I mean to be to be blunt multi-chain is really hard
These these these new chains do things better
Um, there there's no disputing that people love fast and cheap instead of slow and expensive
But I think that there there is a corresponding cost in user experience that comes along with it
If somebody's got a metamask and you tell them to go download kepler wallet, they're gonna groan
They might do it but they're not they're not very happy about it
And then if you come back and say you got to download you got download the polka dot and cardano wallets now
So I think that I think that apps have to work very very hard to make universal experiences
It requires it's it requires a lot of hard technical work, which is why I think it hasn't been done before
a lot of teams have taken
Perhaps easier more direct more direct route of we'll live in one place
We'll build up a community there
But that that leads to more fragmentation down the line
So i'd say I believe in both a multi-chain future but also a multi-vm future
Uh, what's what's a multi-vm future?
It's where you have different programming languages and different chain types
Like if you go from one l2 to another l2
Then you can still use metamask
It's still the same addresses when you go from solana to polka dot to cardano
You need new wallets new apps new infrared new addresses and that's far. That's far harder to keep track of
But I think that to be a truly universal app that lasts you have to target all of them
Um, and you really do have to sew back up the fragmented experience make it universal
Let me ask you a question so same so to create this cross-chain
Um capabilities you guys opt to use leah's leah zero versus chain links
What is the reason for that?
It's a bit of a difference in
They power they power much of defi and they've been quite robust to date in terms of very very few oracle incidents
um, and I do actually rely on chain link for a lot of
For a lot of defi applications that my that my money is in
That the layer zero approach is less
If I were to frame the two approaches the chain link approach is we have the best oracles in the world
the the multi-seg slash oracle signers are
Lead our our leader leaders of
Financial institutions with a ton on the line
top quality cryptonaves like coinbase and so on so that the
The chain link thesis is we've got the best oracle network in the world
Infra that anybody can plug in their own oracle network into
Take their most secure signers in the world plug it in on top of that
An app that needs less security can also take can also take a cheaper approach that's more flexible
You can mix and match the two
you can have a you can have a chain link validator set and you can have a
a personal validator set and you can have a
community validator set on top of that and need a two of three and
We want we want to build something
That's powerful enough to last for decades and that that modularity combined with
Flawless track record 15 million bug bounty on the line. They really really care about security
So that's why we went with them
I guess it's safe to say that's the difference between you and the ens protocol, correct?
I mean I think I think there are there are many many differences you've got the
eth centric versus multi-chain maxi approach you've got you've got distinct economics you've got how
Well, you've got how wallet labels are treated approaches to integration and so on
but yeah, it does seem like
I I have a lot of respect for ens for how they're still pushing things forward with
On a protocol that can have unwieldy technical debt sometimes
But i'd say that i'd say that we're trying we're trying to build in
For a multi-chain world from the start and any ens is trying to figure out the best way
To do it with their current system
Which is not a knock on them. That's just how that that's how technical architecture is you got to work with what you have
So i've been raised nine million some of your investors from what I read were coinbase and polygon are are those going to be?
Or it doesn't or let me let me rephrase this question
That's part of the question and the second part of the question is
You know a lot of us feel like ens could do a better job when it comes to marketing
How are you guys going to approach marketing?
Um, well, I guess on so on the first question we raised from from angels from coinbase and polygon not the
parent orgs themselves so
We we we've been working with both of them very closely
Paul if you go to the polygon main page, they gave us a gigantic shout out yesterday
Uh, we really are trying to unify everyone bring everyone together. There's I think I think there's too much
There's too much in fighting
And it's like dad and mom fight and the kid suffers
Polygon navlans and salona and ethereum and bitcoin are all are all fighting and you've just got little old us
And and in the in the midst of the of the gozilla fight
So our goal our goal here is to unify to bring everyone together to have a much better experience on that front
When it comes to when it comes to marketing, I mean, obviously i've got
I've got thoughts of my own there, but the best the best marketing is happy users
When a user gets a delightful name that might have been squatted on elsewhere
When a user is able to get a unified profile
on on an app like like open c
When a user is able to do a seamless cross chain transaction when you can just
When when you can send your cluster name to anyone and say pay me on any of these chains
These are all my wallets everywhere and they can do it in five minutes. I think sharing those experiences is the best
Is is the best organic marketing will be
Will be will be funny and informative on top of that, of course, but
Um, you can't either either users love the product or they don't and there there's no way around that. So that's where the focus is
So since you guys are in beta when is the official lunch
Um, that's not set in stone yet. Got it. Got it. All right. Hey tanto d5 floor is yours. You had a question
Hey, I appreciate that man, i'm just um really learning um, and i'm just actually gonna listen, um, because uh,
Yeah, i'm just gonna listen today. Thank you
All good, yeah, it's been an hour. Um a lot of questions a lot of great answers
I definitely know a little bit more about clusters than I did. Like I said, only thing I knew was how to spell it
But xyz, um, so this has been very informative and if anyone else has any questions, um,
It's better to just come up and ask
I got one quick action for fubar. Um
You reserving the uh the names after how long do the auctions last?
Um, so maximum of four weeks
Doing a bit of randomization to ensure that early adopters don't get griefed and whatnot
The the basically what we don't want to happen is you bid on your name
And then nothing happens and then one second before the auction ends some bot comes and steals it
That's not right. That's against our principles. That's against our ethos
Um, but at the same time we do want to ensure
That everyone in the community gets the gets the name they love and they're doing a bit of an extended period there for
For people to hear and learn about clusters, um before it becomes
raw first come first serve
Okay, and um nice if I see a name that has like a bid on it
Uh, how do I know the countdown of that particular auction? Is that information somewhere else? I'm just not seeing it
Um, it it will be very soon
We're beef we're beefing up the website to have a better notification system and also much better visibility into into those things
Okay, okay, sweet. And when we reserve a name, I assume that we just get uh a bunch of like, uh, eoas all
Linked to that name. Is it like this? Is it a smart contract account?
That's deployed on all of these different chains by chance or like can you double click into me?
Yeah, so it's it's not a it's not a smart contract account. It's more linking existing addresses
So like i've i've got neath. I've got neath address. It's an eoa
I've got neath address. That's a smart contract account. I've got a bitcoin address. It's that's uh
We'll call it an eoa and a salona eoa
Um, I just I just type in those addresses on the front end and they all get linked together
But the we're agnostic to what wallet you use whether it's an eoa or a smart contract wallet. Everything's compatible
Amazing and I loved your death breakdown of like, uh
like layer zeros approach is basically like bring your own oracle right solution and I thought that's a really like
Super simple way of explaining it to people who aren't going to go load up the docs. Um, one question I have is like
So does that mean you decided to like roll your own oracle that that was the feature set you wanted or is that like
Extendable to your users in some way as well
Like they can bring their own oracle for solution or is it is that like the wrong way of thinking about it?
Like is that a is that a I guess my question. Is that a strategic?
Modular component you plan on maybe there's a feature set behind that that can come later or was that just a decision to?
That you just use like their approach
Yeah, so that's a that's a strategic decision. Um
We we want to be able to plug in
upgraded security modules on top of that and lay the the layer zeros approach is the
Is the dominant one that lets us do that?
I'd say you you need you need two great things
You need a solid protocol and you need a great validator set
Um for for the bridging world, so we've kept that
Yeah, we're exploring the most robust and most secure options. I think for for for now we're most focused on
Bidding is not something that needs high security guarantees. Um, you just need to make sure that the
Nobody's nobody's stealing your money. Essentially. You don't there there aren't anything like sandwich attacks
But that that is something that can becomes far more critical at full protocol launch
So we'll be we'll be taking advantage of that modularity
Awesome. Thank you so much. I'm going to uh fire some more questions in your dms, but I really appreciate your time
Awesome. Thank you. Appreciate it
If you have any questions, yep, uh quick question
If I get outbid on a name, do I get my money back immediately or do I have to wait for the whole auction to end?
Um, so there will be full automated refunds for all losing bids at the end of the auction
It's uh, we're seeing if we can get that up earlier
Um, but because the complexities with boosting and whatnot
Yeah, may may be earlier but guaranteed by the end of the auction
You can also top up a losing bid to turn it into a winning one without having to withdraw and redeposit
Okay, sounds good. Thank you
Hey guys, thank you for bringing me up
Um, I want to read more about the product but before criticizing I just wanted to understand how it works
Quick question. Are you guys your idea is to be your own namespace or are you going to
Interoperate with dns or any other?
naming space going forward
Mm-hmm. So I think that there are there are options for interoperability
But for first and foremost we are our own namespace
So that can that can get aggregated by others somehow
On etherscan. I imagine that you'll have you'll have dot eth names and cluster names living side by side
Um within wallets be able to choose your choose your dominant one
Um, but yeah, we're trying to the the goal here is to design something for the multi-chain multi-wallet world
From the ground up and that requires
A great re-architecting the core the core of some things
Yeah, go ahead if if i'm a just uh, so there's no
Future for dns in your view or any interplay between the two worlds
Um, I wouldn't say that I think there I think dns is obviously an incredibly useful tool
Twitter space does not exist without it
Dot dot eth is clearly an incredible tool
I'm looking at i'm looking at signups and probably 80 percent of them
Are people who have dot eth names and they they clearly find that very useful
Um, but i'd say it's adding another tool to the toolkit
Dot dot eth is like dns is very good at navigating websites
And dot eth dot eth is very good at navigating to
There's there are some other things you can do you can add multi-chain text records. You can add subdomains and so on
Um, but I the the goal is for cluster is to provide a 10x easier user experience for the
For the multi-chain multi-wallet world. And so that'll be
The best tool in some situations. They won't be the best tool in others
Copy thank you very much guys. Thank you. Yeah, um super thing go ahead
Hi there, hi schmeely, um a fubar, um
So how does this work in practice? So
Say I have a cluster name
Um, how can I send funds to to say some somebody with another ens name?
Um, are you kind of integrating with wallets or what's going to happen there?
So the like the mapping between name to address is going to be on chain
And so then when you're when you're when you say I want to send funds to super super thing slash
Then you would you would type that into your wallet
The wallet would either look up directly on chain or use a use a helper javascript package to look it up on chain
Populate that address and send it send it there
Okay, so are you integrated with any wallets at the moment?
We're not today. We're about two days old, but it'll happen
Okay. Are you down the road with that at all? Um
Yeah, we've been we've been having lots of conversations on that front
before other people can integrate it so that the necessary dependency tree is
Build thing that helps people integrate with thing than other people integrate thing
Um, so we're we're somewhere between step one and two at the moment
Okay, all right. Thank you
Um, i'm sorry about butchered your name ak aq uk7 or is it akuk7 go ahead
Aq uk7. Um, do you want to do you have a question?
Okay, well any other pointers for father you want to say what is
I think we've been going for a little over an hour now
So might be might be an opportune time to wrap up
Really appreciate really appreciate it through you really appreciate your time. I love that
You're gonna hate this pun. I love the domain expertise
You all bring to the table
Um, you care can't care certainly this is this has been very helpful
So how do people follow up and learn more about cluster because I think this is something that has a sort of like learning curve
Before people finally go. Okay, you know what? I I get it
Um, I I think this has been super helpful
um for people that knew nothing about it like myself and
The only question I had was and this might be on a low frequency because there are people
In this space that that can get nasty sometimes and you know, emotional protecting their bags as a guy
This is a vc money grab what would you say to someone like that?
Our our our goal here is to make the most useful and you and use protocol around
we may we we may succeed we may we may fail but I hope that
Hope hope that the combination of track record and also the quality of the product so far
Speaks for itself. I mean it's it's it's super it's super understandable
When you you're you're you're you're invested into something
and someone comes along and says
Your stuff sucks and and and I think that that that's not what i'm saying at all
I think there there are a ton of useful tools
My goal is to push forward push forward the frontier
And especially in the multi-chain multi-wallet space help everybody get the name they love
I'd say I'd say it's understandable. I disagree, but hopefully hopefully that
The work and product will speak for itself in due time and give it a give it a give it a try and see what you think
Yeah, absolutely so for thank you for your time enjoy the rest of your weekend
Um, I guess if you have space for one more question from ace you just raise your hand
And then we'll wrap it up and then I want to talk to victor about namephile. Go ahead
You know gm gm everyone um i've actually been looking forward to this I came across this
Whole idea this platform about three days ago i've been trying to get on board with myself
And should be told the ui eggs is a bit complicated
I sent in a dm asking how
How much on the world it costs to get on board to mint a name?
I really didn't get a reply and
actually, I when I when I read through the
Uh the docs from the website and yeah, I think there was quite people here
I realized that it's it's quite one of its kind and
I'd like to test it and also
Give more light to my community on on that particularly. So yeah, i'd like to know those three things how
How easy it is to get on board it?
Especially if you're a newbie. I don't know if you might have spoken about it. I just noticed the space not quite long ago
Most of the most most of the old tools on the world to come in it's
Sufficient in terms of a lot of cost sufficient in terms of uh gas fees for minting and the rest
I think that would be there for now
Yeah, so to answer your questions the first one
Sorry just responded to your dm. Now. We've got we've got hundreds who are working through
So, um, yeah feel feel free to if if if you or anyone asked asked a question
Do you haven't didn't get a response feel free ping again?
Um, just uh, sometimes overwhelmed with spam bots and whatnot. So it takes a while to sort through them
in terms of in terms of the ux
Always down to if if if you can share what was confusing would love to improve that
Um ux is uh, there are always more gains to squeeze out on that front
But you can it seem it seems like so the minimum the minimum bid for a name is is 0.1
East you can go to the website at clusters.xyz right now and and set it up to yourself
8 000 8 8 000 plus people have have done it have done it so far. So i'm glad to see it's working for some
But yeah happy to walk you through any any any confusions in dms
All right, uh one more thing do you have uh
a group where the community can
Rather do that instead of waiting for dms more like uh, this mobile telegram where communities can just
Yeah, um, so we're we're looking into it seems like there's a lot of demand for a focus discord and telegram community
So we're looking into setting that up and say follow along the twitter and it'll be announced
There and you can and you can join
All right moving forward also would would you mind um, I send the dm for certain
Uh, should I say personal conversations?
Um, yep, yeah respond responded there so you can can dm back and forth after this
All right, thank you. That'll be all for now. Appreciate it. Awesome. Thank you
Well, thank you so much rhubarb, um and best of luck with the lunch
Um, the beta is going great. Um, this is very helpful
Hopefully you guys take the feedback and create some sort of my community discord or telegram
So people can get walked through the whole thing and i'm sure that will be a catalyst to your adoption
um, yeah, so this has been very helpful and um
I'm, very grateful that you took the time in the in the middle of a busy lunch to
Yeah, thanks so much for having me. It's been a great show for sure
Yeah, okay, so we'll go back to um victor victor is here as well victor. Um successfully launched
I would say successfully launched named by it's becoming sort of like a household name in the web3 space and
Um, you know i've i've been trying to get them on
twitter spaces, so we're gonna do a suit for one today and you know
Do a q&a with namefi and learn more about what they're doing
Um, you know, i met victor at the domain expo and he was like i'm working on something
I want to show it to you, but in the middle of hosting 100 plus people
We just never had the time to you know, hang out
And next thing, you know, I read about namefi and i'm seeing people
Using it and it seems to be
Well received a lot of good feedback you guys launched this one about a week or so ago
Um, give us an overview on namefi and what what do you guys what gap are you guys trying to fill in the space?
Yeah, that's a great question. I I didn't intend it
I was just here to hear about uh full bar and uh clusters and and i'm so great that you created space
And so namefi as some of you have already uh have been uh using
um namefi tokenized web2 domains
And our starting point is that we just realized that okay, uh trading traditional domains so dang hard
Uh, it takes several days to transfer. You have to put things into an escrow
And sometimes you have to kind of have your heart
Like shaky, uh when you kind of in this
Waiting moment and just because it's extremely hard to transact it also create a lot of friction
Uh for domain traditional domain names to move around and there's much less people
Buying and trading than the value of them have and just like full bar and clusters. We happen to believe one
Identity is important like extremely hard to use those
0x stuff where would be bitcoins and other chains have those like very long and unmemorable streams
You gotta work be able to work on something that you can remember
You can type in you can send someone and then they will be able to recognize, right?
And so we think that fundamentally it's uh
It's kind of like human rights to own a domains
And be able to use domains and we we think the barriers to entry is just very hard to register
Very hard to trade and own
Um, that's what for one so name five start out this journey and then we were launched, uh two weeks ago three weeks ago
And we are in a very small
Rolling out because we want to make sure the first group of people who enter can
Like for one we want to make sure that they have a good experience our product still rough
And so we want to make sure we have attention enough attention capacity for them to fix any box they face
We're hand picking people who have been trading
Especially who have been like publicly complaining of how hard it is trading it is to trade because we think
Uh, we could serve them a little bit better than the incumbents and then of course
We love all the products other than uh out there like they all do a great job serving their own customers
And create an alternative with you
And we think blockchain is a great tool to make transaction much much easier
Many of each million friends are domainers for you guys
Our pitch is that now you get paid seconds not days and you have access to
For you for domains that you own if it's a thousand ten thousand and maybe a million
How often is it for you to kind of go to a bank and say I locked up too much of my assets
Because I want to deal with other things like I want to have efficiency in my capital
And that wasn't available to people but back then
But with tokenization, uh, it is much easier to transact much safer fraud free
In a sense, like there's still things could go wrong when our whole ecosystem needs to work better together
But they're much much better
Than auth code right like for web3 people like their mind will be blown like what's an auth code?
But traditional people if you have traded domain, you know this auth code there's pain in the ass
It's very easy to get messed up
And then that's pretty much the evil of many like fraud and crimes cause a domain to be stolen
And we believe that with blockchain ethereum smart contract
I have to be I happen to be a smart contract designer and an expert
Before leaving google to do this startup. We think blockchain can do much much better
If people have benefit from being able to trade in strange like, uh, like
Coinbase and other of your favorite exchange if people have been
Enjoying like usdc and other tokenized, uh fiats uh staple coins. That's what they called them
I think it should be as easy as to own and hold and transact domains
And so that's why we build namefi
uh namefi stands for namefi and you can think of it as dfi as
Or we like to call it wi-fi sci-fi namefi
uh namefi for future internet because
It's really like name is not just a human, right?
But also it represents your assets
It's it is an asset itself and it also is going to own your ass just like what full barn cluster is trying to do
You should be able to send your money or send to someone or transact between your accounts
You should not be fear about that
Like you should just be able to go home and lay back in your coat and in your couch and do that
And we happen to believe in the same and also we believe that
I think people who discover good names before other people who understand the trend of investment the trend of startups
I I like to call you pre-angels who are like
So there's this concept in in start-up world this angels who are like individuals putting small money in like very very early stage
start-up entrepreneurs because they've discovered them they're good people or they're good their ideas are good and
if you happen to like that idea, you you probably like it even better for a name profit because
For example a name if you come up with an idea and think there's a train to go there like dot AI isn't staying and if you
find happen to know that chat at GPT or
LLM is going to be the train and then you're a little bit ahead of other people
And you bought those domains you can not just earn some money
But also more importantly you're kind of casting vote on the future of direction
And if you are right, you're gonna win big your contribution to the humankind is that you decide to go there
And the humankind is that you discover a new business opportunities and whoever needs to go there whoever wants to go there and now
Like know that okay, there's the domains that can be a good name for there
And so named by trying to serve that purpose
Now, there are things that we we don't do it doesn't have a plan to do right now
Is that we don't want to be in the place of issuing our own like top-level domains. Many people ask the name
Is it intention? Uh, is there any intention for the name fight to issue their own name?
The short answer is that no, we're not going to sell you our own names and
Instead, we're trying to start with tokenizing domains and we want to work with all systems. For example, like ENS
We're out there for them when they launch
Gasless DNS stack feature like for whoever is treating ENS
That's something you heard about for other people. There's probably something new you can check it out
But ENS has this goal of making ENS much much easier to use
So they want to be able to simply integrate with whoever owns DNS
It used to be three hundred dollars to seven hundred dollars for you to pour something from
Your DNS over to ENS and then if the ownership change someone has to pay it again
Because the the the launch on the protocol side
We are able to also launch our feature to support that with gasless now
You can pay zero you can start using your DNS name as your wallet address resolver
We we kind of like to try to support all those builder projects out there
ENS is just one of the example Nick Johnson a personal friend is going to hop on Nick's
Twitter space if you're interested next monday 7 a.m
Pacific time or 3 p.m in london time, which is where Nick is located
And you can hop on and ask anything about how ENS think about gasless dns sec
And the future of names and likewise. That's why I also asked for bar
Our ishma list guest just now like for for bar for clusters
how do namefi and other projects help you because we
happen to believe that there's a lot of like big web to income burdens and
If we don't move faster if we don't provide our
Solutions, we're not going to be able to bring the kind of future because they're too comfortable providing their current feature
They're still good. They're still like great builders back then
But there's just that future will look what week we can see we want to bring faster to your uh to you all
So check out uh, you can follow me and dm me if you have any questions about namefi
Navine is here. We have this probe ending soon. We have
For anyone who want to try out our products and if you sign up and you are eligible
You can get a hundred dollars worth of service credit for you to register dns domains
Now that's that's not money
That's our service credit for you to register but the dns domains are real
So it means if you register something and then sold it on let's say open c the profit is for you to keep
The 100 worth of service credit is for you to use our products
Riskless by riskless. We mean that you don't even have to pay gas because we pay the gas
You don't have to sign the ethereum transaction our product product is on ethereum mainnet. We
There's a there's an ask like are you going to support future chains? Are there chains?
We're going to hear your voice. Uh, we have our
If you follow me our my latest post is about with setting up a canny user
Feedback sites, uh, and then so you can try to post your request of features or upvotes and then we'll try to prioritize everything
That our community wants and again, I'm really really grateful usually usually saturday is my family time. I have to like
Uh, I I usually spend time with my wife and then today she has some work to do
And so i'm kind of free and I I finally have chance to attend your space
But yeah in the future I anticipate
We want we will be here more and as I said starting from all everything here in my first identity in this space
I am ish mali's friends. So
Um head. Thanks for having this opportunity for me. I'm sure that
Uh, we have more time in the future
We can schedule a separate one and like four long one to just for people to ask me any question
And by the way, I see some familiar face
Love you all love you all. Thank you
Well vick you went in on that one, man. It's like you're running for the presidency
But no, I what I like about namefy
Is the practical use case, right?
Um, I you know, I think one of the highlights for me was when I saw that
Someone made history sean specifically sean barry shout out to him
And I know crypto reporter worked with him behind the scenes on this
Um, so shout out to you too. My boy
Um, I know that you someone, you know, they took a name a dns name. It was um
A duck net name and were able to use it as collateral to create the first p2p loan
but I think that's significant because now
Um, if you expand on that that means that those
Um via the blockchain not only can they come on chain
But they can be used as collateral
so to me, I think you guys
The protocol that enabled that is quite significant
And I think that is meaningful application and solving a problem that the domain space really needs to work on
Because on the blockchain side of things, you know
Yesterday we saw a headline that said that um
Took a 1 million dollar loan against the profile picture
Um, i've personally borrowed over half a million of my board apes
Arcade and so we know that you know when things are on chain
You know, they you know through smart contracts you can you know, they make it makes them more liquid, right?
Um, you know you can take an asset and someone can become a lender for it
Can you expand on that? Um, you know how maybe maybe crypto reporter can speak on this?
What what what the implications of that is like how?
What does that even mean?
I'll be able to take a domain name and borrow money against it because it goes over a lot of people's heads
But i'm not taking that for granted
Yeah, yeah, I I think um, i'm happy to answer that
I think the fundamental thing is that domain names are valuable
And if there is a good market, uh
for a price discovery mechanism
And people can agree on the market price then there's a loan that someone would be willing to pay you
If it's not then it's going to be very hard
Think take houses. Uh, for example like back in the day like mortgage is actually not a very old thing
Mortgage is a new thing after like housing because there is a like a very vibrant housing and real estate market
I was I i'm gonna guess since like about like
And there's a lot of fundamental thing needs to be in place for housing to be able to have a market, right?
The phone calls that people make to trade house and then they publish those pricing from newspapers
And later on they put on computers and now that they usually publish in
Enlisting services, right? I'm more familiar with california situation where in the united states, uh, rail states is more of a
state or county level thing and so this
California uses mls to kind of report a report housing prices and just because of that
it is possible for uh for
Banks to come in and says, okay
We can support you if you want to borrow a buy house with a lower price
And you can take leverage so long as you are willing to pay back in the future
So that's no brainer. Uh, if you are dealing with house
But many people struggle and many investors and and speculators of domain names struggle to get that same treatment
uh as to how as opposed to housing because
Up until now. It's very very hard to declare. Uh, what the fair market price of a domain is, right? You can probably get a
Like a appraisal from sites like dot dane.com
Go daddy silo name silo, whatever uh, see do i'm not actually a
Domainer. So correct me if i'm wrong from what I heard when I talk to
Domainers is like very very hard and pain for them to get along and then
If you spend a huge amount of money in domains that you believe can build great
Business in the future like some of my friend my friend have robot.ai
Lock that means locking a lot of assets. Uh, that is untradable. That's on
Unable to take collateral because no bank
No loan managers is going to sign off a loan to you
Uh without like being asked about questions
And that's why you see people can get loan for their pfp nfts
Much much easier than domains, right? Like think of it. How that how
How mind-blowing is that that means if we have a great mechanism for market to be made
We can provide a lot of convenience
And that's just one thing
Blockchain not just enable that blockchain actually amplify that a lot right back then you have to do this p2p
Lending or p2p purchasing and buying the market is very slow
With things like defi, right? Uh, like uniswap was able to let you put money into a pool and then start
Being the liquidity provider for exchanging erc 20s
And nft there's some uh, there's a lot of innovation we can see ahead as well
One could say it is very hard to find someone who are waiting to pay 10 millions for this very high premium domains
But maybe it's not very hard to find 10
A hundred k of uh, a hundred thousand of users who want to own a piece of share a small share of it
And so that takes the question about fraction lies
If you think this is something
I I don't think it's very intuitive. But actually the
capability of human humankind to create companies, especially
Uh, like john stock companies is great innovation back then
Um only like kings and queens and lords could kind of own businesses or have enough money to own business
You never heard about someone
You only heard about who is rich but not their businesses are rich, right? Usually because any business they own
Is is like poorer than them, right? The biggest landlord owners is always more more richer than their business
But today if you think about it, who's the richest person in the world be it bezos be it or in buffett
They are poorer than their businesses. If you think that's how to think about it
Uh in the future when don't be fractionalized when it means it's owned by many many people together
A domain can be much much expensive than any individual person could actually own
and to make that happen, you need a
A very highly trustworthy ledger and that's what it cost
To build some something like nyse or nastak and we happen to believe
Nyse is tokenized business shares and uh nastak as well. We are trying to tokenize this new
tokenize this thing called the names and that's what name advice is and
Name advice for future internets in a lot of uh aspects. Yeah, I would just pause here for any questions
Yeah, awesome awesome, um, yeah, go ahead ace you got a question
Yeah, jim, uh my questions goes to uh food bar and this is having problem with this network can I go on
Oh, we're we're done with the food bar section. You can just dmm. Um,
Food bar actually I believe you left already. So yeah, sorry about that
Um, let's go with crypto reporter crypto reporter. What are your thoughts on um your experience with name cry?
Everybody gm i'm driving right now
But you know, I had to tune in because I think that what we're talking about here is really the future of domains
Um, shout out. It's really a shot of victor
Uh name five amazing shout out page
Uh saga I saw you down there
uh drea what's going on but
By using the product known as name five by using name five
I I realized a couple of things that one of the future domains is already here
It's like these this is something that we've been waiting for for a second now when it came to the actual tokenization
Of a domain now, I know we have that, you know slightly with ens
But more so just your regular tlds your dot coms your dot nets that are able to
You know that are able to actually
You're able to build upon and people can actually view it without having to go on like dot eth dot limo and things of that nature
This is really innovative in the space and like you said that we were able to work with shawn
To try to figure out. Okay, is it is it possible?
That we can have a dot com or a dot net or dot i o
And then tokenize it and then be able to take it out as collateral now
I i've heard stories and this was actually at domain or expo. So I encourage anybody in the room
um to actually go to the next domain or expo because
Innovations and the people that you'll meet there will tell you things like for example, we had a domainer
That was telling us, you know
You have the ability right now if you have a a very premium domain
To be able to take out a loan against it or be able to or people in the space
I see it all the time will go half and half on a domain that they like, you know
And I saw it. I think it was recently
I want to say andy booth that did it with like a dot ai domain that was able to you know, go
Pretty much what we would call fractionalize it, but you know split it
Uh split the cost to be able to purchase a domain and I think that
This gives us the ability to one fractionalize
And then to collateralize and I know that we've put a couple of posts out there
but sean said it best and it should and said it best look this is a uh
But it could be a multi-billion dollar industry when it comes to peer-to-peer loans peer-to-peer lending
And we didn't have this two years ago, you know the pfps that are going out and
Right now and that you have the ability to take out loans on from collateral
You know, I think that that that is great
But wouldn't it be better if you had something that?
You could actually build upon
I think that we were kind of getting it because the market is the market is new. This is very new in the industry
But I don't think we were really grasping what we're doing here because it really is we really are creating history. So
Thank you victor. Thank you name five. Thank you ish
Because like I said, this is this is history in the making right here
And I can't wait to see see what comes
and I think what one of the possibilities is
in terms of like using the name as a collateral I can see a future where
Existing brands can leverage their name as collateral
So let's say for example, you have a content blog a blog that generates money from say AdSense or affiliate marketing
Recurrent revenue stream, you know a name like that would be more desirable as collateral versus say a naked domain
Based off what what you know
How short it is or all the ways that domain is defined value, you know what I mean?
So an existing business can say hey, we have this name
We're generating 50 grand a month and we want to get a loan for
200 000 and you know as a lender in a in a peer-to-peer setting
The the odds of them defaults are very slim and if they do my recourse has a very high upside
And you know, I think what victor's
Platform is doing is just you know
Making tokenization real right and like you said, it's a slow rollout
But I think this is going to impact
Even web soon name is more than web 3 in my opinion
And liquidity has always been a big deal when it comes to domain in
But regardless, there's still some pros and cons and i'm curious to hear from you know
We'll go back to your crypto reporter, but I also want to hear from
Um king singh what his views are on this and I know he has an overview on other other players that are
Solving this tokenization puzzle, but go ahead. Go ahead crypto recorders
Yeah, I was just gonna add that it reminds me of the the time there was a interview
And i'm not sure if cyber posted it or somebody else, but there was an interview between someone
I think it was like the all-in podcast someone from the all-in podcast
I can't remember his name off the top of my head
But he was just talking about domains and he was like navy.com because that was the name of the domain
It was like maybe that's a that's a million dollar domain name right there
But he he pointed out that even if the company had you know went bankrupt
You could still use the domain or you could basically resell it back into the market
Because people knew that that had some type of value and you just made a very good point
Which is if you are very knowledgeable about domain names
And you can figure out like what the cost per click is of a domain
Or figure out like the seo or if there was any backlinks or anything that was used during with that domain
Like you could see that. Oh, wow, this thing has value and I can just be able to grab this domain if people are you
Um willing to use it as collateral and they default on their loan
Then I can still use this domain and then I could still create my own business off of it
So I think that that's going to be very impactful as well
Yeah, but needless to say all this is only possible if those names are on chain or at least more effective more efficient
What's up, Paul? What's going on? What are your thoughts?
Um doing good good to hear from all of you alex victor
Uh, good to see your page and all the web3 crowd, but um, you know, I had the opportunity
I think what was it seven to ten days ago? I was in here and uh
And I was grateful enough to get uh some tokens to be able to register a name and I put it on the side
I went through the dot box experience and it was a little bit of friction there. I had to change
You know, you had to change the networks over to optimism
So I said, you know, let me put this on the side
I'm going to need about a half hour to figure this out come back to it later on
What I was really shocked about when I came back to it was the simplicity of how easy it was to register a name
Uh, okay. Um, you know, i'll give him the fact that um, I was given the tokens now
That's one thing. I did want to ask you victor. Let's say someone doesn't have a token
How do they how do they acquire that but um just to go back to this again?
I'm just grateful for the opportunity. It was very easy
I'm excited to see this growing and i'm also afraid for you victor because
I'm afraid for the big players go daddy name chief and all these other big registrars as soon as they figured this out
That there's a little bit of traction here and how easy it is to integrate something like this
You're going to need to come up with a different use case
And I love the fact that you're looking at fractionalization already because I think that is definitely the next step
But that's all I wanted to add man. Thanks for the opportunity and i'm grateful
Yeah, go ahead page. Good morning
Hey everybody, I was just trying to get my um my mic to work but uh
Yeah, if I could share something i'll take the mic, but I didn't mean to butt in if someone else was talking
Well, great room, you know great saturday
I really enjoyed hearing victor talk. I met victor
Last june, I think in washington d.c victor
Victor and I really enjoyed our friendship and seeing each other at different shows
So, uh, I thought you did well today and just want to encourage everybody
My experience with victor has been very positive. So, uh, well done victor. I like the product
Yeah, so victor can you can you walk us throughout we test out namefi how do people um, you know support namefi
Well, he may be working right now maybe he's even working to fix a couple questions
But um, I just wanted to give him, you know a chance there
Victor are you there? I might have lost victor
Oh, yeah, I think we lost let me add him back as a speaker
Yeah, we lost victor. Yeah, maybe even how to acquire the token issue if you can get it. Hey, um, I heard the question
Thanks, uh page. Thanks king sign
My love goes to you page. Uh
Thanks for the question. Um, I just drop out because of my my twitter app just freeze and
But yeah glad to be here and can you all hear me good?
Yeah, so, uh kings, uh, let me just uh touch every one of you uh first a little bit uh king sign you ask question about
Um, I I really enjoy that to you
I'm really happy that you enjoy using our namefi app and and think the process is very seamless
Um, I think there's the one specific aspect. We want to touch gears that on namefi
we don't require you to give us email address where uh,
If you go to go daddy name namecheap any like major players, they want you to provide their names
Email address most of time, uh credit cards as well
And in our in namefi as you see in the process is just like one click you search the name you go there
You confirm and then with one click, of course, we're charging you for the service credit as you said
But we want to make this process as seamless as possible
We happen to believe that only if you don't like use the names for like, uh for setting up a website
If there's no way that you can do it wrong
You just want to own them buy them hold them maybe send it to someone else as a gift or as a trade
Actually, we don't need to use to know your email address. Nothing can go wrong as far as we know
And uh, that's why like we're we kind of have this like privacy first
Make an uh mindset privacy maximize privacy
mindset there and of course when you need to set it up to do something and as required by
The gov the ultimate governance buddy being I can
There needs to be a way for to notify people that when things go wrong and that's when we
Start to require things like email address and things that is mandated by I can
So we're trying to make it as simple as possible
And with respect to your question about like what happens when big players want to come in as long as as soon as there's some traction
I would say I welcome that actually we're not here to kind of disrupt anyone
We just want to bring future internet come in and of course, we want to make sure we can bring
Break a milk home, uh, just like all the business owners here
A lot of our audience you either build something or you own some kind of business
And you want to make sure that you can
You can live and we we still believe that as long as we provide good value to our customers
We can live and then if vic players
Believe that uh is inspired by us and realize
Okay, that's the direction of the future. We're very very welcome for them to come over because we see
The whole cake can be much much bigger like today you see names
Uh in ethereum like for people who invest in in ens, this is a three million
There's three million names in ens and then there's about the same
Size for uh on top of domain if I remember correctly
And a bunch above others like if they're not three million, maybe not nothing more than 10 millions at most
But we've happened to believe names are for everyone
So the end game would be everyone will not just own names themselves
But also own multiple names for their own businesses for their own family for their work
And for their hobby their clubs their communities. So we believe there's gonna be billions of names and we only
Like there's still even for domain names
Who is which is already a hundred times bigger than ens?
Domain names are 300 millions here
Even for domain names, there's a hundred times bigger just for the number of names
They can there there could be so we're very very happy to see big companies coming in and and
And battle in the same direction. We can all push the cake to be bigger together
And of course, there are other things we believe that we can be more of help in innovating like we what we mentioned namefi
Namefi the first thing people do which is actually very genius. I never think of it myself
They put on platform like teller and other landing platform immediately and then start taking loan out
As long as they can find a price they can get a loan from someone who is going to agree with that price
And that's that's the thing and then fractionalize is one thing and dom doing is another thing
there's many things that we can do that traditional way of owning names could not
And that's what namefi is about name for future internet
Um, and by the way page, I know that page seems to drop out or either some kind of technical
Gleeches like I did just now, but I want to have a big shout out for for the page page
Uh page, I hope you can hear that this feature that we built for gasless dns sec
Internally, we call them page feature. That's the 25 dollars
You gave me to say how committed you are you want this feature to be able to have?
domains resolving to audit address
I told you i'm gonna build it and then i'm i'm a man with my word. I'm here to deliver my promise to you
And so just like uh what we did with page
We want to hear about what features you want. We believe in open interoperability. We believe in builder
We think that it's just next about it's not just about
Owning names. There's a lot of features that we can build to make your life easier make your trade more
Profitable and more and easier. So yeah, reach out to us you can dm me i'm out there
I'm on twitter all the time and you can follow me and follow a name by
Account which is also on the stage now. And yeah, any questions are welcome here
Also, we're gonna wrap up the spaces, um, it's been very
Insightful, um, I want you guys to enjoy the rest of your weekend. Um, you know and follow everyone that
Came and spoke today. Um, it's it's not necessary that
Um people remain close-minded. I think being open-minded is an advantage
And it's it's also great to see all this innovation happen in this space, right?
And you know, you don't necessarily have to embrace it
But you owe it to yourself to at least understand it, right?
So you can make an informed decision if it's for you or not for you
None of this is financial advice. Um, it's just an educational platform for people to
Um, you know be informed on updates in the domain space and we'll do another one next week
But i'll take one final question or input from the crypto reporter
Okay, everybody. Uh, yeah last question victor
Uh king brought up a very good point for those who don't are unable to do the the uh service credit
Obtain those so then we are able to play around with the platform perhaps put some domains out there
Oh, wow. Yeah, that's a very very important question
So as king said and thank you, uh crypto reporter. Thank you alex for asking the question
Yes, crypto service credit is the only way to use our product at the moment with a little exception
Uh, so actually, uh, if you follow my twitter and there's uh, this
Twits I put out there's a trick to begin using them
Our app is actually live. You can log in with your ethereum wallet already
Um, and then what's blocking you from using it is that you need either the service credit in the future will allow you to buy with
Usdc's and ethers and then other ways maybe if you really want to use crypt
Credit cards will make it convenient for users credit card to buy them because we still need to pay for them
So it's not free. It's real domains
It's real value and then someone have to pay and so we anticipate once we have good product customer could like it so much
That you're willing to pay
And own the domain so but today, uh, if you really want to use it and then we haven't rolled out to you
Haven't been able to buy them
Follow people like king sink, uh hedgehog who have already bought the bin in
And they have listed their nfts, right if they can transfer you to a few to you or if you bought something for from them
And you own those nft you can actually start logging in and manage those nfts
Those domains in our platform
So go ahead and check out their listing and whoever wants to try it out
Um, if you sign up for join waitlist we're prioritizing people
Who have been complaining about like let me let me be honest with you the way how we think about
How we think about the pilot users that you have enough pain point
And so we'll be checking out if you already
Uh been complaining that the how difficult it is about training trading domains
And we will send you the service credit for you to try our products
Gas-free and that's that that's pretty much we think about it. Once we think that our rough corners are also ironed out
Like roll out to more broader users
We would do something very very interesting. Our airdrop is not gonna be anything you have seen before
It's gonna be very very innovative and crazily
Interesting to me like i'm so excited. I can't tell you right now, but yeah, stay tuned for that airdrop is coming soon
Speaking of airdrops i'm gonna wrap up with this this week. We um
Started the waitlist for a project that i'm excited to be working on called airdrop hunters
Related to domains, but more related to crypto in general
I was inspired by this earlier this week. I
Claimed the juke airdrop and I was so excited. I got two thousand three hundred dollars in free money
Over the last two years i've made six figures every year from airdrops
I remember the ape coin. I got like almost six hundred thousand dollars in a coins
I remember the ens airdrop, but what i've also observed is
The people that actually understand airdrops right that really take it seriously
Optimize their yield and a lot of people that I know that didn't make any money from the airdrop
So instead of looking at an airdrop or something that
Let me go check my wallet if i'm qualified
I want to put a group together of people that actively hunt for this airdrops and do what's needed
To ensure that not only do you qualify, but you optimize how much you earn
So we started this thing called airdrophunters.com
Get on the wait list. It's going to be a community of no more than
999 people and the idea is we're going to hunt for airdrops together and make sure that we earn six figures this year from the airdrops
so we will curate this airdrops and inform the community on how to
You know participate in them
Um, you know who doesn't like free money, right and more importantly
We we're going to teach people
How to avoid getting scammed with phishing links and things like that
So imagine a discord where you go in there and you're catching up on the latest airdrops on different blockchains
or different networks and
You know, I think collectively
A hunting group will catch more kill than a lone hunter, right? So
Yeah, hopefully you guys will sign up for the wait list for the airdrop hunters
Um, it's something you're gonna hear a lot more about and when people like victor are doing an airdrop
We'll make sure that you know, they make a generous offer to that community as well
So that's something i'm going to be working on. I'm super excited about that later on this month
we're going to do the virtual edition of the domain expo and
You know, we're going to be streaming the content from the conference in december and adding more additional contents as well
So yeah, I appreciate you guys. Enjoy the rest of your weekend and stay blessed