Good morning and welcome to
Minted we joined this morning by style
Just trying to get the guys up on stage. I think around a couple of issues at the moment
I'll send the request up, but hopefully everyone's well
We got a pins tweet to the top right now with the giveaway for this morning a hundred dollars at ease for two people
Literally just for tuning in to the space
But Leo joining me on stage this morning from style protocol. How you doing, buddy?
Franklin how's it going? I am very well GM everybody good to be here. Yeah, it's good to have you man
It's good to have you being having this
For a little while now with style protocol, and it's it's great to have you guys on board with us
some of the things you've been sending us and
Showing us over the last couple of days and weeks as well. It's just been amazing. But
Yeah, I'm excited to deep dive into this. Where are you whereabouts you at the moment in the world?
Where are we spacing from?
So I'm based in Europe, Germany to be precise
Dialing in from here as well
All right. Nice. Nice. All right, so you're literally on pretty much our time then so it's not too much different
From what we normally have but Leo, let's kick it off with them. I mean a little bit about yourself
What what's your background and how how did you come to where you are now with style?
Classic entrepreneur, I guess I have a background in
Or with web to startups. I had five or six brought the last eight years. I'm in the late 20s now
I had my first exit five years ago in digital health
That was the last web to company and then I moved to
NFT fashion marketplace during the last whole cycle
where we sold all kinds of virtual goods from sneakers to hoodies to
jackets in collaboration with brands and designers and
That worked very well for a couple of months like most NFT projects, but
the one thing that was really annoying me or
Yeah, very much pissing me off to be to be quite frank here. Is that the the fashion NFT after you know
after sales and having them in users wallets weren't really usable and a lot of other NFTs that I also
Got got in with in terms of collections weren't really usable
One of the reasons of the personal opinions one of the reasons and we had this NFT downfall like two four years ago
It's because there was a lot of overpromise and under deliver so I thought okay
there's definitely a problem here that we can solve and this was the
underlying reason for me to move to what we are now doing at style protocol, which is
infrastructure to precisely make
NFTs and all kinds of virtual assets
Really usable tangible in 3d in virtual environment. So you have an asset. It's on chain
You can connect it to the start protocol and it will actually
Get a 3d parallel that can then be utilized in gaming and virtual environments
So we started with the idea of what's this like metaverse and it being able like it being usable in virtual environments
But ultimately as we've seen not really not a lot of people were you know long-term interested in the metaverse
so we've basically just pivoted to gaming and
making these NFTs usable in
As many web free environments and even web two games as possible
So yeah, that's kind of like the the thing where we're doing over start protocol
I love that so you've been pretty much been in web 3 for like what to do two and a half years now something like that
Sweet and with the fashion brand and what what what was kind of the downfalls that you've seen without like you you mentioned
Struggles and wanted to kind of change it up a little bit. What what kind of it was it that
Realistically brought kind of the downfall of that that first business. So I think
Downfall is it I maybe I phrase that a little poorly because it sounds like everything went to like
Everything went to shit overnight. Yeah, you know like many other web free
Projects back then we developed with the market and when the market was crashing, of course all of the products and projects were crashing
Really don't want to advertise this too much because this is not the prime thing right now
But if you are really interested, it's called style exchange the websites to live style exchange
It's pretty straightforward. We collaborated with brands designers and
They had like these individual designs. We minted
Them on chain. It was fantastic pieces of fashion, right? Very
Abstract very freakish and I think the cool thing about virtual fashion it is that it's not bound by
Physical constructs or yeah like
Like gravity for example, right gravity is something in physical fashion
If you were whatever you guys are wearing right now, it's bound by gravity if it's a t-shirt
So who do you it falls on your body because it's drawn to earth
But in virtual fashion, you can have like I don't know you can have a constant halo or on top of your head or something
which I think is awesome and fantastic, but
You know one of the reasons to answer your question is why it didn't work or well
It worked in that sense as to we sold fashion and people had it in their wallets
But you know, there was nothing there was nothing after that. Yeah, there's there's no next
In 2021 there was really only decentralized even sandbox wasn't live back then
So it was the only virtual environment where people could use the the pieces of fashion and that just wasn't
Attainable and enough of the USB I'd say but this is a this was a problem that all of the virtual fashion brands back
Then we're facing from, you know the fabric and to to even
Clone accent and our artifact
Yeah, this is changing now with all of the work three games popping up and more and more environments being on-chain and actually live and playable
Yeah, that's the thing because back then it was like there's a lot of money being raised right and it was across the board
the market was pumped and
Then we're still waiting for a lot of games from a lot of people, but I think that's definitely changing now, right?
Virtually out virtual reality and
Interoperability of gaming and things actually come into light now and and all these metaversus
Starting to actually do little things, right?
I mean, I think the the next two two years are really gonna be be very exciting
so for the last half year, I'd say we've seen the the
You know actual usage of games that have been developed for the last two to three years and some of the like
OGs like decentralized and sandbox being finally usable for everyone
But for the next two or three years
I think there's a lot of other stuff that that's coming that maybe has been developed and hasn't even been
Like a lot of the things you see on your timeline or a lot of the people here in the space probably have seen
Seedworld so many so many
And all right from transition and then from like kind of where you started in web 3
Up until kind of now with the aim of style obviously is to build
The biggest infrastructure and utilize avatars like interoperability, right? It across all different metaversus
Give us a little bit of a rundown on that. Are you working with specific?
Collections in specific metaversus or is it possible?
Just can you do everything is that what the the aim for style is to do is to power everyone's ecosystem?
And build it around that how how what's the what's the grand plan?
Okay, so the grand plan of course is to be the one you know powering
Everything and making everything usable. That's that's the goal. That's the aim. That's the mission
But I want to make sure that I don't
You know over promise what's currently possible
So as of right now, we don't we don't directly collaborate with nft collections we sometimes do but it's really more of a
For player product or for end user product
but of course in order to
So let's let's let's be very practical if you have a let's take your youth for example or someone else's I don't know here
crypto dog with the cool cyber
Pong glasses you have this you have this you have this squeaky dog and you're saying okay
I want this as an avatar. I want this as a pet
In one of the virtual environments then you can connect the your wallet or protocol and say I want this in
A metaverse or virtual environment xyz and of course in order for us to be able to bring this into
Environment xyz we need to have b2b partnerships or the infrastructure in place
So there's this b2b element of the of the of the protocol
Which is you know, just classic business that from our side making sure we are
functioning but ultimately the
Uh product is thus being used by the by the end user by the person with the nft. So we don't have
Or let me put this way we don't need to have an official nft collection kind of like onboard it people
Yeah, yeah, visually decide whether they want to use the use the product or not
So let's say like i've got the you for example, I can come to style protocol and pretty much say I want to play nifty island
Can you create this avatar for us?
Yeah, let's let's be a little bit more practical tangible here
So the way it works is you hold the style token the style token acts as the kind of like an
Access token. It's a utility token and we wanted to make sure it's very tangible utility you hold it and then you're able to
Access the protocol in the first and initial phase
And in the later stage, we're also going to you know, implement staking and some other rewards
But initially just hold the style token be able to access the infrastructure and then you can choose your nfts and have them transition into
functional 3d avatars across a multitude of virtual environments
And some of these at launch in in march will be nifty island de-central land sandbox
um, we can do unity and unreal avatar so you can potentially import them into
uh, fortnite creator modes or custom islands
Yeah, and theoretically we can mod stuff also for
League of legends dota. So a lot of the web 2 environments, but then there's a small
Manual element where you have to actually you know on your local environment integrate this into the game
So for us preferably are all of the web 3 worlds because this is on-chain. It's automatic. This is a lot more
Um streamlined with for example, nifty island de-central land and some others
Yeah, it sounds it sounds good. One thing that I was um really interested in
um when we were speaking and obviously when we were going through all the details and things was
After some months came to you to then create like the clonix for example in sandbox
Um, they can then actually license that out to other people to use it in sandbox as well, right?
Yeah, so this is something that we have in our in our white paper already and this is kind of like on the road map
So this is going back to the ultimate goal
The ultimate goal is to provide a
infrastructure that makes
Interoperable and kind of like allows for this multiverse. I'm sure a lot of you guys have seen ready player
I already play one where you have this like I think it in the in the movie
They call it oasis like this one virtual world where everything
Just kind of works. I think
realistically, this is not something that's
Gonna be attainable in the world we live in because there's too many stakeholders, right?
You have all of these hardware companies with different br headsets. You have um, a lot of different game engines a lot of different
Now where i'm going with this is most likely the multiverse that we're kind of running into or the virtual future is going to be a
Cluster, I think I can swear here, right? Yeah. Yeah, go for it
There's a cluster of type of virtual environments, you know
Where in some words something is usable and something in some words something else is usable and we just want to
kind of provide a spider web to connect all of this
And this functioning then or this being the style protocol and to answer your question
I'm, sorry in the initial phase it's going to be
making all of these nfts that have thus far only been you know, a storage of value or pfp
An in-game avatar in-game 3d asset and then at a later stage probably with the first iteration of the protocol
I don't want to make promises, but most likely a little bit later this year like the late summer in the secondary version
um, you can not only create the avatar for yourself for usage, but you can also
connect your nft and allow the
3d derivative to be used by other people. So for example if
The youths or the d gods gain more traction and you know more even more than they already have fame
And at some point there's you know, no more people being able to access these
So then you could say as a user d gods holder or board ab or whatever
I'm connecting my nft and allowing the derivative the 3d version to be used by other people thus
gaining revenue from having this
Asset being used by others in in different virtual environments whilst and this is important never actually
Losing the nft out of your own possession. So you're never like
Leveraging this on the protocol or kind of like lending borrowing. You still have the nft yourself
You're allowing other people to kind of like play with the 3d version of it
Yeah, that's amazing. I think that's one of the
One of the key things I think when when lending out and doing stuff like that is to keep keep a hold of it
So if someone comes to style protocol, for example, and let's say it's my youth
It gets rendered up. Is that then minted to the blockchain?
For example the 3d version of that or is that held on kind of a server after that?
The answer is a little kind of like a gray zone
It depends on which virtual environment you choose as end user if you say
You want sandbox for example, then it's it's on chain and it will be minted as a derivative 3d asset for you
Dotar or league of legends that you choose then we create the 3d asset and it's provided to you
But in an off-chain manner because of those who have two environments simply don't don't function on chain
Yeah, yeah, that makes sense and compatibility chain wise
Pretty much all the top chains ethereum polygon avalanche
pretty much on all of them. Yeah, yeah, we're
So our our stealth open is launching on on on ethereum erc classic
And then this one is going to be multi-chain most likely and then also when it comes to
um, you know being able to connect nfts to our
Protocol it's going to be open through a multitude of different wallets and different chains. So all edm compatible chains
I mean, you know, why wouldn't we if if our kind of if our gig is getting
You know assets from a to b we want to get as many assets as possible potentially connected to the
To the infrastructure thus we need to offer all kinds of all kinds of chains and I think with you know
evm compatible ones and solana we should
90 of the really relevant nft market covered. I would I would personally argue
Um the one thing that we still have to look into is the whole ordinal pdc
Yeah, that I mean that's a space that's growing right and we've seen it go strength to strength over what is only about a year
Um, I think that's a big opportunity there with with ordinals and how they're growing
But I'd love to deep dive a little bit now
Into kind of the token the tokenomic the use case
Um, I know you guys are supported by some absolutely huge partners. Uh, so congratulations on that
Definitely, you got cdify
uh faba alpha grip as well like so many of kind of supported you guys and coming along with um style token but
Give us a little bit on how you see the token work in what's the utility? How how is that linking into the overall ecosystem of building?
Um the kind of decentralized
interoperability of gaming
Yeah, so when it comes to the the support we've done classic with fundraising rounds, so we have a couple of vcs
And yes the launchpads that you've mentioned by the way for for those that want to later
Um or support the launchpads are as you said cdify pools and chain gpt
The the the dates are not 100 fixed
but most likely we're looking at the end of february um early march and then
Sometime in march also, of course the the listing of the token. Um, and just the one very tangible utility is very simple
Kind of like develop something that's very straightforward because from my personal experience, of course, I mean i've been in crypto for a while
I've talked token. I have nfts and all that
sometimes it's not very like if you see
You know layers or protocols you have the token
But you're not really sure like what the use case is other than maybe staking and some you know gains
We wanted to have something very tangible which is
You hold the token and then you get access to utilize the protocol. This is kind of the the base functionality. Then we also have
um participation in dao in that sense as to
Being able to become a 3d creator on the protocol so you can actually be
The way the protocol works is with all of these assets being created for different virtual environments. There is an automatic
uh overlay with all our apis that connect to the environments and the
Base 3d models that these different game engines have but there's also a manual element because there's no ai yet
Completely automize the creation of a 3d asset. So we have what we call a
um a huge community of 3d creators, um that access the protocol through the token and can gain also through the protocol while
What's the right word by creating?
Very spying that they are a hundred percent custom for the users
That connect to the protocol. I'm not sure if that makes sense. So there's yeah, um this kind of like dao element to the token and then
Ultimately, but this is something that we're not 100 sure yet whether this makes sense
It's probably something that we will potentially have in the future
Um the classic staking and also potentially a burn mechanism. So instead of holding the token to access the protocol
maybe we'll also look into
The burn of some of the token ad usage of the protocol this would you know make it even
Even more cool for holders because they know that every time someone else uses the protocol a little bit of the token is burned
But i'm not sure i'm not sure about this yet. This is something that we kind of like keep open
To until the point where you know, we see how it develops. It's live. See how it goes
See how I mean it goes. Yeah, exactly
I mean the token is already with a with a fixed token supply
So there's no way for us to kind of like mint anything further
Uh, so we have to be careful with really implementing this burn because I mean in theory it sounds nice
But you implement burn all of the sudden people burn and then you know, the token are valued more because there's less in circulation
But if it ends up, you know fucking the whole
Ecosystem because then there's too little in circulation. You're also not
We're also not helping everyone and ultimately what we want to do here is we want to create a fundamental infrastructure
For gaming and the future of virtual environments. So
I know some of you are not going to like this, but I personally don't really care how the token performs the first
One or two years because i'm i'm building this for like the next five to ten years
That's kind of like what i'm concerned about
Yeah, that's interesting like because the thing is in the space
We've said it multiple times on the on the show as well
A lot of the success of a project is dependent on
Pretty much the the token price or the floor price if it's an nft collection, obviously
You're taking the view that it's literally a long-term thing for you
You're looking at really strategically and and I guess is that not gonna affect it a little bit if it's
Too long in the future are people gonna not pay attention. What's what's your plan for stabilizing like short term?
of course, we want the short-term circulation and the ido to be
I think the way we're approaching this is we're we're setting the ido at a very very
Fdv so it's not a hundred percent locked in. This is why we don't have the dates yet
We have the free launchpad signed, you know, they're supportive. They've all made the announcement already. You've seen it on twitter like it's happening. Um
But there's still slight adjustments
We kind of like act with the market. So I don't want to like say something now that's later gonna be wrong
Yeah, it's always changing
yeah, yeah, but I can say that much so the
The fdv that we're going to be circulating the the token with or basically the valuation is going to be below
10 million in fdv which is
Pretty low compared to a lot of other projects
And we do that purposely because I think a lot of the reasons why some projects go
And I I want to be careful what I say here because I don't want to you know trash talk anyone
I don't want to you know, the space is the space we all know the space
We've seen some of the errors. Yeah, we've seen some of the things that have just gone wrong
Yeah, but like what i'm trying to make is there's a lot of projects that you know
kick off with a very high fdv and then they pump for a while and then
they they go downwards and then they never are even able to go kind of
back up to some degree or even to the initial price because their
Valuation was just incredibly unrealistic to begin with and
I mean hate me sue me but
If you have a just like a very simple web free game like a jump and run with a token
No reason for a token of a simple jump and run web browser game to be
Worth somewhere like 80 90 million in fully diluted market cap. That's just it's just
It's just inflated right and everyone knows so
Short term we're trying to overcome this by simply setting a very reasonable price
So that when the you know when you have market finding the realistic price of the project
It's very very very likely to be above what we initially launched with
Yeah, and then we can worry about the the project more more long-term because the the initial phase is going to be
It's gonna be safe. I mean, this is all theory right who knows what's gonna happen
We'll talk again in two months in the space and then then we can we can see
Yeah, I think I think launching with a low fdv is like a very very smart move
Um, like you said, we've seen so many tokens, especially recently go ahead with huge air drops
Um, we've seen a lot of them as well
getting some huge traction and then just not have vesting schedules that
Really accommodate the cell pressure that they're gonna have after the tg as well. So
I think uh, yeah, it's smart to launch
Smaller definitely in this market. I think yeah, and then also one thing that you mentioned right now air drops
Purposely there's no I mean
Okay, let me rephrase. We have some giveaways
Um that are going through the launch pads
Uh, like I don't know 2k 3k here and there
Um, but we don't have any major token air drops
And we also we're currently in discussion with the centralized exchanges that we're going to be listening with
And all of them are pushing us for you know
Talking to market and we're always trying to completely avoid that and if they really want to
You know have some token to market. We're always settling for the absolute minimum at least amount because we don't want this like
Token to just kind of be a drop to be available freely. I think this is also going to help
Because I see a lot of projects doing like major air drops for months people can like
Participate earn get points and then swap and everyone's getting these free tokens. I always
Sometimes it works. Sometimes it doesn't and I always wonder like how fundamentally this this can work
Yeah, you're given a lot of the supply
Away as well. So it's it gets a bit costly if the tokenomics aren't engineered correctly
Um, and then if the unlocked the tg as well, you just got so much selling pressure that it's it's going to be very difficult
To recover from you're going to have to be market making that thing like absolute crazy to sustain it
Yeah, there's so many things to kind of think about when when launching a token that I think most people don't don't even think about
Specifically with utility tokens, obviously meme coin throw it up put a couple of thousand dollars in them into the liquidity pool
When it comes to liquidity and and kind of the utility token for the long term
It's such a different ballgame. It's so different
Um, but I just want to reset the room a little bit and we're coming up on half past and join the conversation with uh, leo
Um give the space a like in a retweet as well if you join us for the first time
Follow them into the account. We do the space every weekday from 9 a.m. Till 10 a.m. UTC
Um, if you want to request up to come and speak as well by all means i'm gonna open this up in just a little bit
For for everyone to come up ask some questions get to know leo a little bit and um a little bit more about style protocol
if you're sat listening and want to come up and ask some questions by all means do so but um
Leo I want to ask you a little bit more in depth on the tokenomics as well just to push you a little bit on there
The token supply is 920 million, right?
And then I also see that to participate
We've got you only have to hold one token. Is that is that correct?
920 million is total token supply. Yeah
As of right now as it stands we will have 1000 token
Uh needed and wallet in order to be you to be using the the protocol
Got you got you that the the dot threw me off when I was looking at it. It's got one dot
So I thought it was I thought it was just one
Of course it has to do a little bit more, um
Yeah, the dots right in some in some languages it's it's the dot and some it's the it's a comma
Uh, yeah, but we're kind of like I don't know
We'll see this is something, you know
If if we think it's too little tokens, then it needs to be more for people to access the protocol
This is something that can be adjusted in the future. But as a friend now to kind of like start the whole thing
We're doing a thousand token to participate because in theory, um, if you have 920 million total
super like base theory, but like if you have 920 million total token supply
And a thousand is what people need in order to access the project
That would leave room for nine hundred twenty
players or users and that
that just felt like a number that's
It's definitely not something that will reach in like the first two or three months
But it's also something that on a long-term perspective is definitely doable, right if you look at how the
Market is developing in gaming and web free
An infrastructure product at some time in the next, you know, three four or five years
We'll have nine hundred twenty thousand connected wallets that are active is definitely doable
I mean you've sent us some things that we'll be releasing out on the time zone on the timeline
Sorry in the next couple of days, which we absolutely love for me and pav. They look they look amazing. So
It's it really is bringing
NFTs to life and putting it into multiple different
Ecosystems, which I think is going to be crucial. We're seeing you know, like the pivots from
Frank D gods is probably the main one now with wormhole and bridging and and really putting an emphasis on multi-chain
Um, I think multi-game and multi-chain go hand in hand, right?
They're kind of like the same thing as we move through the the evolution of gaming
It's changing so quickly that I think it has to be
Interoperable and is that one of the things that you set out that this is what we really need to do like the the main
For sure. Yeah, it really comes down to just more usability
of those assets I I I look at it very very
They're cool. They're 2d. They're collectibles. They're
Storage of you know value if the collection does well of the community as well
Web-free gaming we as a society are going more and more virtual you have i'm not sure some of you have seen it or noticed
Apple is doing a lot of placements these days the apple, you know, the apple headset coming meta quest
It's just a matter of time in a few years
There's going to be vra are all around us more and more virtual environments
NFTs will need to evolve from a 2d pfp layer to a more 3d immersive
Utilization it's just it's it's inevitable
And we are the infrastructure to provide this to to turn nfts into 3d assets that can then be used by individuals
Or others across virtual rooms from games to zoom spaces to you know
Web-free meta versus anything because ultimately what is in nft? It's it's it's a representation of yourself
It's some some form of identity and identity transcends whether it's a
uh a 2d environment whether it's social media whether it's a space here or whether it's a 3d environment identity transcends and and thus
It's it's I can only repeat myself. I think it's inevitable that 2d
Usable honestly. Yeah, I I completely agree. We've seen a lot of collections coming out with
adaptions of their first collections into
secondary collections of 3d and a lot of that movement obviously ode as well has got a mint coming up next week
Which is all ar and things as well
Yeah, I think I think it's been a long-term vision
Of a kid called beast which we've gotten nick who is a co-founder of a kid called beast who's probably
In agreeance, I would I would have thought with most of the things you've just been saying there as well
So i'd love to uh, put it over to nick with his question. I'll just jump in on the on the topic
Yeah, um, yeah, no 100. I agree with a lot of the stuff that you're saying. Um,
I wanted to ask a couple of questions sort of more around the dal um and how that works because you mentioned obviously
The creation of the models are down to the dal and stuff. Um
how do you get into that dal as like a
uh person to create the models like is there a vetting that sort of thing and is there sort of like
Timeframes that you have to keep to let's say you've accepted a job. Um, do you then turn around and say
Okay, i'll get it done in a week or something like that. Um, yeah, just curious on how that's working
You're good you're good leo
Because i'm i'm also joining with the you know, the official account simultaneously and there's always a delay in the spaces
Um, yeah, that's actually very similar to how it works. So
The free detailers as I or as we call them. Um, we have around 120
Currently on the the protocol registered with us and out of those 120 i'd say
Maybe 30 35 ish or like super active and with the infrastructure
Um just to kind of get people on board that maybe haven't been missing before
We have apis that make the automatic bridging into the different virtual environments possible
And there's some automization when it comes to the base 3d model because we know what game
Is using which engine we know which chain so there's some 3d base model, but there's a personalization that needs to be
Taken care of by people within this 3d tailor dal
And yes, this is basically individuals that then get access to a back end where they see all of the nfts connected to the protocol
And they can select one that they would be
Willing to to verify and to personalize the final kind of um aesthetics in order to fit
Into the environment that was selected by the by the player
um, and in order to you know be such a participant in the dal you basically have to
Be a 3d engineer because this is not something that you know
Everyone can do and in terms of timeline
Usually they're done a lot faster than a week because a week is not feasible long term
So depending on the virtual environment
Two to three days. So if it's a very simple character that's for example
In voxels for sandbox, um, it's sometimes even one or two days
Sometimes even a one day job if it's a high poly, you know
Unreal engine metaverse or virtual engine like that we connect to and it's a very complex avatar it can take up to
After three days. So this is the this is the yeah, you know the job of those three detailers
And they are rewarded with with style token in the in the dal and of course they have a very
participation and voting rights and a lot of saying because they are the ones, you know
Making the whole thing go round and are kind of like the backbone of this but this again
It's a very specific thing where you would need to be a 3d engineer in order to participate in in the protocol
Um, so if you if anyone here, you know is a 3d designer for if we do
Um, just join our discord. It's pretty self-explanatory. There's a category on how to become such a free detailer
And then when it comes to just the general dal for everyone to hold the token
In the future we're going to set up some creator funds and of course
Once the protocol gets to a certain size we need to prioritize which games
We connect to and which games who onboard next and all of this is going to be decided by
General style token holders in order to kind of like help
Grow the project in the right direction because we think you know
If we if we set out to do this de centrally and through utility token
Um, there also must be a way for everyone to kind of like participate and decide
Uh on where this is going
Yeah, definitely. Definitely nick. I don't if you want to come back there a little bit
The only other question I wanted to ask was to be a creator
Do you also have to hold style or is it more of like you can
You can apply and then you're just obviously going to accrue style by
You know doing the work effectively
You you apply and then you have to go through a test because we need to verify that you're actually capable of creating, you know certain
Uh, but then you can basically just become part of the ecosystem and you acquire style tokens and also stable coin
Through every job that you generate on the on the protocol, but you don't need to need to hold
The style token as a 3d creator
There's also it's also a very small pool. If you look at it on like
Grand scheme of things like the pool of 3d participants
As I said now is 120 at some point
It might be a few hundred but that's not like where the quantity comes in the quantity comes in
The actual users of the protocol the players needing style token to access the access to protocol
Thanks for your question nick
I'm gonna go over to landy and the your hand wasn't up before so I went to nick before but uh
I didn't know whether you might be down to think high street a little bit busy. So I didn't want to go to
Yeah, i'm all settled indoors. Um
I just I just thought I just think this is the most exciting conversation honestly
I'm just literally giddy inside listening to it because I feel like i've just been waiting to
Hear about exactly this, you know, and just even the phrase like 3d tailors just yeah makes me giddy
like i've been talking about digital wearables to blank faces for a while and I just and and um
You know looking forward to a future being creative in that world, right?
so it's just so exciting to hear exactly, you know where the tech has got to and and like what you guys are doing and
and the the for me the idea that you know with ai and just
just software in general coming in and you know machines have been able to do things is that
You know as a society, you know
Those are going to very quickly and very efficiently like solve so many problems
You know for like, you know with health and education and home living and just commerce in general
It's all going to become so much more efficient which I you know in some ways a lot of people think is like a really frightening
thing because that holds lots of jobs for people, but I just think there's just going to be a real societal shift where humans become
More creative. I think that I think we're naturally creators
And I think actually, you know doing sort of mundane jobs and stuff is actually probably
Not the great for great for like what we're capable of
So so the idea that this is all coming in for me is just like so exciting because it's it's such a creative
Arena for everyone to sort of show up in and and everyone can kind of and it's wholly accessible
Which is something, you know that I just feel really strongly about, you know, but physical fashion
It's very limiting in terms of your size and how you look and also, you know, even your physical abilities, you know
If you're disabled, whatever, you know, the fact that you can turn up virtually however you
Feel you want to express yourself to me is just like so super exciting like franklin would I imagine always be as you?
always turn up always turn up super clean really consistent everyone recognize him and everything whereas I would take every
Turning up to us all turn it up as a creative project and turn up, you know today as a little cloud with skinny legs or whatever
You know, it's like it's gonna be so exciting. Um, but um, but aside from that actually just to get to
Question is that I was just wondering what your feelings are and just where it sits in the ecosystem about disney's
latest equity, you know, like um, like one and a half billion sort of stake in epic games and
How that is going to roll out because I think that that's a really interesting partnership to watch
And is it that they are going to be trying to do what you guys are doing too in their own camp?
or is it that you would be feeding the likes of
Sort of, you know disney to help them realize their characters into fortnite
Um, I just don't quite understand how where everyone sits. I was just wondering that's my question
Um, well, first of all, thanks for you know, the the kind words and the support and I
On the identity thing I 100% agree. I think you know future
Going to be become an increasingly important topic for individuals how to present themselves, you know, virtually digitally
It's also going to solve a lot of the problems we have in like classic society with you know
Discrimination of all kinds of groups, um when everyone can just be whatever and all of a sudden you're like a blue
Alien with you know pink garments and no one really knows whatever the hell you are
Um, so yeah, I think it's exciting being able to kind of like transcend and redefine
Uh identity, um, but yeah on the world Disney thing
I mean, I personally don't have
a direct opinion on this in terms of
How this would affect us or the web free space in general right now
I think it's just another acquisition of a you know media ip conglomerate of a
You know a gaming company
They're going to push a lot of their ip into into fortnite or other, you know epic games and the environments for sure
but ultimately when it comes to disney what I think is
They're always going to go
Or in the force, let me put it this way in the foreseeable future. I would assume they would go by collection and individual
Access on ip through scarcity because that's that's how they make money, right?
They don't make money by saying, you know, everyone can be darth raider. They make money by saying
Darth raider is now a limited edition and some people can purchase it. So that's how they make money
Um, and I think they're going to push more of this ip in limited access
To the player base of you know, whatever virtual environments they now have access to
um, and the reason why i'm not so worried about this in the grand scheme of things is because ultimately there's still going to be
You know gaming is a gigantic industry and there's so many games still with communities that allow kind of like the freedom to creation that allow
um third-party ip to be you know used in and we're kind of like using nfts in web free
strategic gateway into this world of
um, but ultimately we're going to explore all kinds of different virtual environments and games and I think
This is a more of a very controversial statement, but i'll end with this because it's controversial and they're like, you know to do
I think long-term ip is that
Very very straightforward
That's so interesting. I love I love that you've said that I just i've been avidly watching this topic as well and um
I just think it's really really interesting because um with um ai coming in and the cases against
You know getty in the new york times and you know, let's just think how is anyone ever going to control this?
I think people are going to try for the next five to ten years and they're going to somewhat succeed seed and there's going to be
Public cases with you know ip law and whatnot and a lot of lawyers all around the world are going to make a lot of money
But if we go into this multiverse future of like complete vr
How do you say submission submaribition?
Sorry, it's not my first language if you completely submers
Submerge submerged. Yeah. Yeah, let's say complete submersion into these like virtual environments
You're gonna have fakes and you're gonna have copycats and you it's just there's just no way around this
There's gonna be you know, this is where blockchain is cool. There's always going to be
you know the opportunity to verify things and
I I like to use the example of of louis vbacks if you go through a
Shopping area like if you let's go to go new york city fifth avenue or broadway or whatever
You're gonna see a ton of louis vbacks
There's gonna be a lot of those louis vbacks that are real
But there's also gonna be a lot of the louis vvx there that are fake
It's gonna be the same in in virtual worlds and with digital identity and ultimately on the first glance
You're not gonna be able to tell
Because there is always going to be people that can afford the real one and that will value
Accessing the real one and there's always going to be a market for people
That can't afford the real one and that they're going to value the the copycat. So I think it ultimately doesn't matter
But that's a very personal kind of opinion who knows how it plays out
Yeah, well, let's see it. It sounds like we need to floor everything and get the hell out
But no, I get what you say
If there's like the real one that's then on-chain and then kind of the everything else is interoperable
Like interoperable like one of the biggest issues that I think we're gonna be seeing in the future is the collection sizes inside of games
If adoption like takes in the way that it is actually looking to at the moment
so it makes sense to have a collection where it's like the genesis collection of
these are the set ones that are in
Our sort of meta-versing game, but then this is everyone can play with all of them. So then the ip comes a bit like
Specific to these are the ones you actually own
But then the rest are kind of open to the world for everyone to kind of play with because
I think the collection size is just without them growing
For adoption. It's going to be very difficult to onboard people
So I I think that's probably the best angle you coming at it from there right from the game perspective in terms of the
Yeah, yeah, probably I mean
The thing the thing why people are scared when I say, you know ip is that because it
People would assume that it means that you know, everything has no value, but I think there's a point to be made that
by the existence of copycats and you know fakes you actually also increase the value of the real thing because it just
Let's take louvie tombacks as an example as well
the fact that there's so many fake louvie tombacks just emphasizes the fact that people would
like to have access to the real thing but can't afford it and it's the same with nft and digital space because we're still
Humans slash monkeys. We function the same way if you know ewids is
Fucking awesome and everybody wants them, but not everyone can afford them at some point
There's going to be some fakes
But ultimately this will just show that people would really want to get into this ecosystem
But but they can't and that's why they just access the fake and there's still going to be
You know communities and places where there's a gateway
For only the people with the actual real ones to be verified and you know be being able to access
So I really don't think it's it's that big of a deal
Again, I think there's a point to be made for it being supportive of value for the actual
Yeah, absolutely. I mean we've had that discussion before as well and came up with pretty much
Exactly the same conclusion, right?
Like we see derivatives like all over the place and it only bolsters
The kind of overall exposure of the main collection then back as well
Um, so yeah, I completely agree. I'm gonna go to I think cookie was next i'm not too sure
I think cookie was though. So cookie i'm gonna go to you man. Good morning
I was gonna have his arms gonna drop off mate. He was definitely before me buddy. Oh, was he really?
Honestly, i've been trying to bring people up and it's shown on one phone that everyone's there
Then the other phones and saying no one's a speaker. So
Right. Abe, let's go to you first and we'll come back to cookie. Ah, cheers
Yeah, no, thanks for having me up. Um
I'll so just a few things that you mentioned
Um, so before I love like infrastructure plays like for me because i'm not really a gamer and
knowing which game is going to run for me investing in
Infrastructure plays is you know as an investor is great for me
Um, you know sort of like the analogy of like well's fargo and the gold rush analogy and and I know you you mentioned like
You're not activating users
Uh, oh, sorry collections
Like use directly but you're going after users. So does that mean you're you've got an activation for like
Is that is that your core audience and I noticed you had like fortnight and roblox on there the creative program
Is that like a separate cohort or a segment for you know, just
gamers in general, uh, so that's what that's one point and then the other point is on the other side is
Your partnerships with these web3 gamers or games that are coming out right now because
They could do it themselves, right? They can have
Release light skin. So for example nifty island they're doing that
Anyway, like you can go with your 3d assets and and take take them and apply them in the game. Um
So it's just those two points of how you're growing and activating that um, those were interesting to me
I'm sorry. Just another point on the ido and if we were to invest like
We we need to go through these three launch pads and is there like a vesting period for those?
Thanks a long question there leo, but uh, hopefully you can yeah, yeah, I can you crack i'm actually
i'm actually gonna run it down backwards, um
Yes, of course, there's a vesting for everyone there's a vesting for bcs
There's a there's a huge vesting for you know team and advisors even with the cliff and there's also a vesting for the ido
Um for the different brands so we have a private allocation for the different launch pads and the public allocation for different launch pads
And all of those participants that per you know
Participate a lot of participation
Everyone who invests through the ido platforms is is vested for several months. I don't have the exact months because it's still in
Final setup with launch pads, but we're looking at
you know somewhere between
Four to six months so it's definitely vesting for everyone
um, and if you wanted you could also just wait for
Us to be listed on the decks or centralized exchanges, but then of course, it's a it's a difference in price to to the ido
um, so this is question free, um on this note the precise token release schedule is going to be
Available very soon, of course and obviously before the first private ido
kicks off on the launch pads
Question two is super simple to answer and actually
Actually love this question you're asking why wouldn't a virtual environment basically do it themselves create 3d assets?
Of all kinds of nft collections and the answer is very very very simple
It's a ton of work. It is a ton of work. I think there's a
Underestimation in web free gaming
And the web free gaming system on how much work it actually is to create 3d virtual environments
And people see, you know nft collections pivoting to games and you know, everyone's making the game
I think people completely underestimate the amount of work it takes to create a good game and 3d environments and 3d assets
So very simple. It's too much work for the games
So we come in as an infrastructure player and we say to the game
Look, we have an api that's free to use for your game where we will take
Any 3d asset or any kind of nft ip into your game
We will create the 3d asset for you
You can just fetch it into your game via api and on top of that
Of the fee that we charge when utilizing the protocol of the bridging fee from the end users
You will also get a commission as a game for being part of the ecosystem
So this is our value proposition to the web free games and it's an absolute no-brainer
Um, yeah, that makes sense
Um, and then the first question now
That you asked that one regarding
A go-to-market strategy and the games and the player activation
Um individuals can utilize the protocol
Um, so activation through just simply nft holders and players
The second is nft communities. Of course
Um, we're open to partnering with entire communities
Um, it's just usually a little bit of a longer process because you have to go through their fee level community dao
However, they function but we could also have entire landing pages or access for
You know entire collections. In fact, we do have those and um, we do have one that we will announce
Very soon. It's a it's a I can't say the name
But it's a it's a bluetooth collection that everyone here will know some will maybe have some will not have but everyone would like to
Um, we're we're doing it for the entire collection
So this is definitely something that we're doing as well
And then when it comes to the games there the games are just the connectors the games are just the ultimate
Love that honestly very very well, uh answered there back to front
Uh, I love how you kept track
Uh, if I don't if you wanted to come back with uh, anything to that before we go to someone else. No, no, that's great
Love it. All right cookie. We'll throw it back to you buddy
So many questions so little time
Firstly i'd like to congratulate you on one of the best white papers i've read in a long time
Very informative actually answers a lot of the questions. I have but like any good white paper raises so many more
We're cookie i'm just shopping someone in web 3 reads white papers. I was about to say I
You're getting an immediate follow here just the fact that you've read the whole thing
Because it's like an 18 page document, you know, and everyone's just kind of skimming through it. I love it. Thank you
Style token is effectively an ido
I'm guessing you're treating it as security on that basis. Um, because it is effectively a seed round race
I won't make comments to whether
On I want the legal function of the token but as per our understanding
Administration, it's a utility token
Fine so the utility token itself your main net launches sometime after initial ido
The main net will launch sometime after initial ido
Fine and then the intention is that you'll migrate tokens across to the main net and it wouldn't necessarily exist on ethereum at that point
Um, no the token will still be on ethereum, but the token will be usable across multiple
Fine that's effectively just to be used as your reward token. That makes sense. Yeah
the the big question I have is surrounding ip, um
An nft is a non-fungible token
The whole point of it is that you you issue the asset and it can't be changed. It can't be messed with and
The larger ip based nft collections have their creative commons license attached to them
That that strictly prohibits the use of of an nft that particular ip
How does the protocol skirt that?
Yeah, that's a good question. So
The legal answer is we have terms and conditions for the protocol that
Results of what happens to the nft after bridging to the users
So you as a user are basically in charge of verifying that the nft you're about to bridge is actually an nft
So the one thing that's already basically impossible for something to happen is people just
Bridging an nft that they don't own because they have to collect the wallet so we can track the case
There's an nft that they actually have
um, but they have to verify that they have the ip for this nft to be
To be turned into a 3d asset for any of the worlds
So this is for the one-on-one bridging and then for the quantification of things
Um, yeah, it's an interesting. It's an interesting topic and it's something that was I think also to some degree covered before
lay in the eyes of the beholder whether
You know an asset becomes more valuable when you quantify it or an asset becomes less valuable when you have derivatives
Yeah, I mean that is an interesting interest because in one hand you are literally
Gaining the ability to use the ip in different worlds and and kind of meta verses
But on the other hand that then it has got
Derivatives to it. I I don't see that. I don't really see the the downside do it
Like it's it's unlocking the full potential of what the ip and the character could potentially be right?
That's that's how I kind of see it and especially like you said
um people's like kind of personas are attached to the kind of um
I only see really the upside of it being able to be like kind of unleashed in a way into these 3d spaces
I mean, yeah, I want to go back to the the legal implications here one more time quickly because our team is fully doxxed our
Association is registered the utility. It's a very
Public thing, you know, it's not one of those nft mints where you don't really know who's behind it
So from a legal perspective, we've made sure that for the terms and conditions. We've basically covered that
participants of the infrastructure are liable for what happens with their asset and they have the
They have the rights to move to to the assets that they hold
Yeah, but when it comes to the quantification, I think this is something that the market will then decide whether they think it's valuable or not
yeah, all all our points are towards an increase in value, but
Who knows we'll see I I personally just think something with the nfts will you know have to happen for more utility?
And we want to be some of the infrastructure providers to support this
But that's I mean, I don't know if you have we have time for the practical walkthrough or if you have more to add on
On this from your side cookie
I'm fully yeah, i'm fully supportive of the the premise of what's been trying to achieve because I want to use my assets everywhere
I just for me. It's it's the it's the navigation of a very well ingrained
ip laws and making sure that
If we're going to do it like you know
IP exists with with collections for a reason
I mean nyx in the audience, for example, and and i'm pretty sure he probably wouldn't want a kid called beast characters in
Wrecking his his brand identity if they use them in the wrong way, which is why some you know, some providers or some
ip producers are very very
Cautious with how their brand is is used moving forward whereas other brands are like, you know
What do what you want with your ip it's yours to to use you see fit
I think it's just finding that that middle ground is going to be a very very tough one and a very very
Litigious area because you are going to have
Overall overall brands are just not going to be happy with how some individuals use that and then where does the legal
Liability sit because effectively the protocols producing the asset not an individual and it raises all sorts of questions
It's definitely a question that needs to be answered
This is probably the best way of answering that i've seen so far
but as I said, it's one of those ones where
I've answered the majority of my questions, but then it's opened up a whole host of others. Sorry
Because I do feel like I need to come I want to say something on that
Um, I think it's one of those things that will become more and more clear
Over time and it's one of those things where you can probably debate
Without making any progress progress if you're just not
Going for it. So this is how you know, i'm an entrepreneur by heart. My approach is always very practical. My approach is
Let's get started. Let's see what happens so far
And in the MVP phase last year, we've already created derivatives
of clonax of new tokus citizens of board apes
Never ever have we had an issue thus far the sentiment has been awesome cool. It's more utility for my asset. I love it
And as long as that kind of keeps that way
Awesome, and if there was if there were to be a collection in the future, let's let's be practical example
There's a super new kind of like horror zombie game that integrates with our apis and is now interoperable
Integrated in our ecosystem and then some of the kit called beasts are integrated into this zombie
Game where they're avatars and for some reason the community of the kit called beasts would not like this particular game to be usable
And then I think it's just something we would have to
Or how they say across that bridge when we get there
Communicate openly and if this particular community ip
Collection would be against the usage of this
World, uh, we could just limit it to all of the other worlds and shut down this particular connector
I think this is a very practical way to go about it
Yeah, I think that makes sense
And like you said like that being it being the two endpoints between the worlds and the collections
like it it saves, you know going to
It can get so messy when trying to do things in between other things without centralized kind of
Body there doing the artwork and things like that
I think it's a I think it's great sitting there in between and and like you said
I think people really underestimated the size of what a kit called beast actually did with rendering out
10 000 of those, you know and giving out those files because it is such a huge job
Um, so yeah, I I don't see it as anywhere like um a bad thing
We've got to be cautious with all all laws in between for ip but
For me, that's just like wow. I can I can see my youth now in this land
I can see it in this world like I think if the
The collection owner was you know smart about it. I think it's it's great to have the
You know, you don't want it in in bad games, right that are going to damage the brand
But if it's smart about you know wanting to build out into gaming environments and get their ip further afield
With styleset in between them enabling the people to be able to do that and get them into the into the metaverses
I think it's it's such a great idea
Because people are paying individuals now, you know, like individuals to render my character
Can you do it for this metaverse and this metaverse?
And most of the time they don't know who they're actually talking to right to get stuff done. So
Yeah, I think it's great. I'm just gonna reset the room real quick if you're just joining us
Uh this morning. Welcome to minted mornings
We're joined with style protocol as we deep dive into the ecosystem
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I'm gonna throw it over now to san grace. Good morning. How are you doing?
Yeah, good morning. Thank you. How are you doing? Good, man. Good. How are you doing?
I'm cool. So i've been listening from the beginning and i'm so excited
I'm, so happy to be a part of the space
And actually this is my first time and I look forward to
I've been a part of the space over and over and over again. I really enjoyed
Every information provided by leo and um, frankly, nothing has been awesome. All right, so
From my own perspective. I just have about two or three questions
And this question is coming from
A perspective of a consumer or a user
All right. So number one recently we've been
We've experienced a lot of attacks, you know hacks on
I remember a few years ago. I was a part of
I had as much investment i've lost almost everything and recently we've had
As such so is what what are you doing in terms of this to provide confidence your users and your
Ecosystem to know that um, yeah assets. Yeah investment is actually secure
That's number one. Then number two
So also recently i've also discovered that so a lot of projects
I'm going into gamify or nft
They try to you know adopt the
Solana chain, so I want to understand what's your
Chain considering the high gas
Some individual may want to you know
Come into your project and then finally
So for instance the I have about um, for instance, for example, I have um, let's say 10
all that projects, um, whether it's um
Of uh, solana and all that can I actually stick it on your
Uh stipule to call on them for reward like kind of mistakes and then you still maintain
Um other privileges that is associated with the other project that issued
Uh the nft to you. Thank you. I hope you understand the question
Great question. Sorry. Great questions there son
Uh leo over to you. Which one are you tackling first this time back to front all the way through?
Yeah, no, this I think i'm gonna do the first one. Um
Um, initially because that's very easy to answer. Um
There's nothing to worry about in our case and I can actually say this confidently because we're not a
We're not not a defy platform. There's no lending. We're not you know, we're not
Taking any funds from your end
It's a it's a protocol that sits between, you know games and individuals as an infrastructure provider
You connect your nfts you connect your wallets, but you never actually move the nfts owner. So this is very important here
um in the nitty-gritty tech details, you're not staking the nft you're not pushing it to some kind of like
Wallet for leverage defy magic you're just connecting you're just verifying that you're the owner of the asset
And then you pay a fee so we at at no point
Do we ever have access to your funds to your nfts to any of your personal treasury?
Unrelevant to hacks of any sort because we're not
We're not you know a defy platform
That's holding any like assets ourselves. So this is the one thing so I don't really see any issues arising here in the future. Um
The second one well ethereum solana evm compatible with our
Infrastructure is cross-chain. We want to be able to get nfts connected from all kinds of different worlds. So it's it's
And our main token will always be you know
I say this now maybe it'll change in the future
But as of right now it's minting on ethereum and planted the evm compatible so you can actually bridge it to you know
Avalanche arbitrar most likely where you have lower guest fees. So I I would also argue that makes issues obsolete here
Um, or you know, basically not there's no issues
And the third thing nft staking
Um, yeah again, you don't stake nfts when connecting to our protocol. So you are not
Leaving ownership of your assets
So i'm not sure what the what what what the precise thing was with the third question, but I guess
The value we provide is if you move the asset of the nft into our infrastructure we can
You know make the 3d versions of it for for yourself to use or for others and then you can generate revenue
When all of this will be tracked on shame, but again
Requiring your nft to actually leave your personal
All right, that's awesome. All right, that's awesome. Thank you. Um, except if um leo wants to something but I think it's okay
Yeah, all good. And obviously, honestly, thanks for your questions three great questions there
Um, just leo while we're on that is is there going to be like we mentioned staking there not for the nfts
But is there staking coming to style in the token in the future potentially as well?
Oh, yes, yeah fair enough there this well, maybe the reason I don't have this
The reason I don't have this like on the forefront of my my my head right now is obviously you have
Shit done going on with the idea coming up and we want to make sure that the initial circulation is successful. There's tangible utility
Um, it works. The main initial product is functioning. This is something that i'm very concerned
I know this is old school and not very web free
But I just want to create a product that works
And I think if we create a product that works and a product that's useful for the tangible value
Then the token price will you know, take care of it himself. That's it's yes. That's the way I look at it
Um, so that's what we're concerned with right now
But I can see I can definitely see ways in which we would implement staking
In the future and of course if we were to attack that then we would be looking into you know
A secure measures maybe get some staking partners on board
Um in order to make sure that this is not going to go sideways
We'll see when we get there
Yeah, absolutely. Honestly, um
I'm really excited for it. You you were really putting everything together and honestly, it's not many times where there's like literally
A business plan around like building these things out here as well like within the space
Especially for like 3d assets in gaming. It's kind of most of the time
Make it up as you go along. But like you said if it's genuinely
A business product that's solving an issue between two parties, which would be the user and the platforms and it's creating those assets
Um, it's it's a genuine business that will exactly like you said
Take care of the token price not over inflated
Like you said with the fdv being just ridiculous at launch and not working out
But if people use it and gaming is the future of what's going to happen in web 3
Which is I think substantially looking like more and more every day that that's becoming one of the biggest things
So I think you're positioned
Well, I think the low fdv is a super smart idea of vesting schedules and not launch and stake and right away
But building it out in terms of the product first
I think it makes just complete sense. So yeah, shout out to shout out to you leo man, because uh,
Yeah, it sounds good. Thank you. I'm excited
I'm gonna throw it over to um, nick. I think nick was next and then we'll go to um drouble and hunter so nick over to you
Cool. Thank you. Um, yeah, I just wanted to sort of like touch on what cookie was saying. I think it was cookie
Um around the sort of like the ip and stuff now
Suggest that you think about it a little bit more um on the side of for collections and the reason
Being like kaz cookie said, um for akcb, for example, we're very kid friendly
So if you're going to be putting be putting characters into like 18 plus games, for example
I do think there should actually be a simple way to to prevent that. Um effectively
Having collections just be able to have like an admin section that just completely ticks off stuff
Um, and the reason i'm saying that is because it's very frustrating for
Collections, especially and i'm going to be talking for the collections that are like less known
um, for example or new to
Companies so like getting hold of your company for example and saying like look we don't want to be on these at all
and actually having a completely agnostic and
um not needing, you know an intermediary
The other question I wanted to ask is so let's say, you know, I I
Pay someone to do a use of mine
Uh to get it into sandbox, for example
Now I sell my youth in years time
Um the person that's picking up my youth for example
Um, would they then get access to those files or would they need to pay again?
Yeah, this is a this is a tricky one so first of first of all regarding the first point I think that's something that's
um, that's 100 doable and I think what you suggested is already pretty much the the go-to to kind of like
Make that happen. Um, you know just
I'm, not sure if we can do an admin panel because you never really know who the
True owner of a collection is but we can do a very classic kind of like form where people can kind of like contact us
so I can so the way that um, I would personally do it is take on board what marketplaces do
Um, and that is owner of contracts. Um, so it's purely web3 fire a wallet
Um, and then you can do it that way
Um, that's that's the way I would suggest to do it and I I would just keep it in your mind for
You know, maybe not for launch but definitely something that's going to be required in the future as you grow
Yeah, that's a good idea. Actually it it keeps that it keeps that extra bit there and uh control with the
Yeah, to kind of flick on and off
Yeah, I'm gonna be honest. I don't have a lot to add. I think it's a good good idea
More or less implemented as you said, I think it's pretty pretty good. Thank you. Thank you for that
um with the other thing that's a little bit more tricky and
Just to kind of like rephrase you were saying what happens if the original asset that has been
Made a that has gotten a 3d asset. What if this moves wallets?
What we're going to do on the main protocol is actually people will be able to decide when they initially
Connect their asset. So when they initially connect their asset their NFT, they will be able to say okay after
this 3d derivative of my initial NFT
What happens if I ever sell my initial NFT? Will the derivative 3d version move with the
Assets so that the new person will have it automatically or will it stick with me and the new person will have to
Recreat it themselves. So this is something that the owner when connecting to the protocol can actually decide
and this will then of course also have a potential influence on the price when
He or she or they or them or whatever were to
Sell the asset because are they taking the 3d derivatives with them or not?
This will also have implications on the NFT that you purchase
Which is very cool because the vision that I have is that in four or five years if you if you
Purchase an NFT you actually go to a subdomain from ours like, you know protocol style NFT checker
And you can see who has owned this in the past and who has connected this to our protocol so that you can see
What kind of derivatives have been?
Created already and what derivatives you will automatically get for which games
When owning the NFTs in which you would have to recreate now, I know this is a little bit, you know out there
But this is kind of how I see long-term
Yeah, no, um just off the back of that that's um, you know, perfect and personally what I I would envision
One of the biggest flaws that I see in the web 3 NFT space
Is when people have ip and use it to let's say generate animations and stuff like this
They'll pump it onto onto twitter or x sorry and
You know in a month's time that's gone and it's lost and yes, you know
Someone might sell sell that NFT and that animation is just gone and you know, maybe it's a gm for example
And the next person has to pay someone else to do it again and stuff like this and it's you know, it's it's it's a loss in
Creativity really, uh, so I like that that's cool. Thank you
Yeah, it's it's it is true. Like it
Like when you're buying into a collection especially if you want to use it for content as well
On the likes of x and and create like kind of a brand it's once you buy something
Someone purchases like artwork to be created
It's it's then like that super difficult space in between of like do do I have artwork that comes with this?
Like where is it stored and most of the time it's it's pretty much buying that content again
We're seeing a couple of guys like coming up with um different options for tokens and content creation
But uh, yeah, I love that ideally or being able to you know being able to maybe take for example
an azuki number and put the azuki number into
Your protocol into style and then just be and see if there's any assets there created already. I think that would be
A really cool idea to implement
Because then you get more value right as well attribute even to your own even to your own collection
Of what you're buying into so yeah, you can kind of uh build up build up a bank of uh, different
Interoperable nfts that then increase the overall value of your own. So yeah, I really like that mechanic. It's cool
Um, we've got uh drew bond stage um over to you man. What's your question this morning?
Yeah, hi, uh, I want to know about styles protocols token earnings
What are the specific details of styles style tokens functionality and value provision within the ecosystem?
I'm gonna answer this very simple
Uh, it's a utility token that you hold in order to participate
Uh on the protocol. So the utility is basically just access to the to the protocols
Um functionality and then at some point
Uh in the future may be staking on burn
And of course style participation in terms of deciding what games are going to be added next to the ecosystem
I think that sums it up pretty well, uh with the total supply is 950 million what we touched on earlier as well and uh
I'm gonna go over to hunter the last hand and then we'll go deep dive into something a little bit more and kind of wrap it
Up so hunter over to you for for your question
Um, am I audible you're good man, we can hear that and clear
Yeah, um, thank you for bringing me on
Actually, it's so good some information that's going on in this space. It's so excited
I'm so excited on it. So, uh, my question first is uh,
Um security, but i'm glad about that
I heard that uh, your project is not 85
Project. So the next question is uh user friendly
Uh, what are the steps they are taking to see that the game have a user friendly interface that is user case scenario
Secondly, uh language barrier since we're pre-involved all the people around the world
What are the necessary effort they are taking to create a multi-purpose language user?
And the next one is partnership. Uh, partnership is the way of uh achieving
Uh, so many goals in every project. So what are your plans for partnership? Thank you for bringing them
All right, um, let me run down quick. Yes
Well, yeah, we're not a defect project so we're not sitting on any
Treasury as of right now, so there's nothing to be hacked
Um, you don't lose control of your nfts when you connect to the protocol
So we're not taking them from you. You just verify that you're the owner. Um
initially because that's just like
I would argue the main web pre-language and the majority of our team is from
Europe and america more western oriented
For launch it's going to be english because it's easiest for us
And it's kind of our best practice
But I don't see why we wouldn't be implementing a couple of other languages in the future
Like I don't see a reason why we wouldn't have it maybe in vietnamese russian or chinese. Sure
But ultimately it's just a very simple
Well, it's an infrastructure and there's a very simple landing page you connect to it you choose an nft you choose a virtual world
It's pretty self-explanatory
But this also means that there's no no reason for us to not offer it maybe in two or three other languages
So yeah that I can see that happening
in terms of user friendliness
That's kind of the way it is
You know, it's a landing page. It's going to be a landing page. We don't have the game ourselves
So we work with all of these games, but we don't have
Um, I just wanted to clarify that because I wasn't i'm not sure that was a hard clear question
What did you ask the helping out here too, uh, the last one
There's also games related
Which is a lot of there's a lot of partnerships, yeah, I mean we have a ton of partnerships already
So from the get go when we initiate when we launch token and you know, you can access the product. There's a lot of
partnerships already in place for you to get the energy in the games and then we have more and more
Cooking and of course the next two years are going to be fantastic for us because there's more of a free games
So far we're just you know doing stuff
Which is definitely connecting to as many of them as possible and thus far the majority are usually pretty
You know inclined to to to get this
Going so there's going to be more games coming
I love it. Love it. I mean for the for the most part at the moment now what games are you currently on a sandbox?
What are what are the ones that are currently going to be available from kind of launch? So from launch we're going to uh,
We're going to have central central around
So this is the web free games on-chain then we have to off-chain um fortnite for private island israeli mode only and
But this I again want to emphasize this is mods that you get you still have to use them for local
So the the web free is all you know live and running for others to see the others are local
So we're coming up to kind of towards the end what I want to do is just have
If someone was listening to the space this morning
And wanted to get involved wanted to look at the ido wanted to get more information
Wanted to get their nfts into the 3d world and render them up and get them, you know usable
What steps can they take like right now today to to get themselves on?
You know get themselves on that journey start with style. What can they do today?
Um, it's pretty straightforward. I mean we didn't reinvent the wheel to follow our twitter
We have the big announcement coming through here
Make sure to also join the discord because this is where we always have a little bit more alpha and things that we're testing out
We tested our community which is of course on discord and then once it's publicly ready to go will be sued on twitter
And then if you actually want to get your own
Um nft usable in any of the games that i've mentioned before
You would have to uh, you know
Get a hold of our style tokens, but this is not financial advice. I'm not telling you to buy it
I'm just putting it out there that if you want to use the product you need to sell
That's that's the way it works and the token is being circulated via ido on cv5 and chain dpt
When when is the day of the uh actual ido if you got that announced yet, or is that still in secret it's well
It's it's not in secret. It's just simply not 100 fine tuned because we have three launch pads and they're all I would argue
They're basically all two one. Um, so they have a lot, you know in schedule as well
And we're trying to find something that works for all of them
But it looks right now that the private ido on those launch pads is going to be and the hurdles
On the public rounds very early march so that the listing can be
Early mid-march, so the timeline is definitely soon-ish we're not looking to be doing this in like, I don't know june july like it's happening
Yeah, amazing. Honestly, I think it's a good it's a good time for it as well
like the the kind of emphasis that's been happening on gaming recently and obviously nifty island and the amount of different kind of
farming that's going on in gaming at the moment as well, I think it's I think it's kind of perfect timing and
The way tokens are moving at the moment with uh, I know you mentioned you don't have farming and things like that on there
It seems like the perfect things are coming together here
Like it seems like the token on one side people are very bullish on that at the moment and looking for
Investments for the longer term that with um utility tokens that have longevity
And on either side there's the gaming and everyone wanting to use their ip and get into these metaverses. So I think
absolutely perfectly positioned I believe and
Yeah, I think I think star is gonna do very very well
also, I mean we've been working on this for a while with initiated the foundation in 2022, um
All of the you know tech and connections with made for the last two years
So i'm very happy that you know web web free and gaming is kind of like ramping up in general which
Of course supports our timing and uh, yeah, we'll see
Yeah, I mean, I think I think you're gonna do very very very well
Can we get some of the content out?
Uh, we got a hand that was waving at me quite furiously there
I've just been made aware because uh, I wasn't actually looking down at my phone but azuki
How you doing? And uh, what's the question? Do you did you have something to add this morning?
Yeah, thank you very much for bringing me up
Because i'm have a question about the economies of the token star protocol
I just want to know uh, what are some of the um, the financial mechanism to set apart for?
Um the star token in terms of um controlling the price inflation rate in a long time for the project
Don't have in order to not create any dumping is we don't have any air drops. We don't have any
Free money giveaway. We have a few selected
Um participation giveaways that we usually do with stable coin. Um for the exact reason that we don't want
We don't want anyone to be able to access
The token beforehand before it's not being able to purchase the only way to get access to the token
Is is purchase ido or afterwards on the free market and the
The way we build this business is you have the token in order to access the product the product in
The way we build it and in our opinion
Um provides a very tangible value. So
Theory you want the value which means you want to use the product which means you need to get the token which is a very sustainable
Buying pressure on the token and we don't fluctuate it beforehand. So
If you put all of this together you add a relatively reasonable fdv below 10 million initially and not something
super inflighted like some other purchase do it you're left with what I think is a
very reasonable approach for
sustainable development of price
Over the next couple of months, but you know, I don't make the markets once it's out there. It's out there
We can only put the measurements in place
To make sure it runs smoothly, of course all of the participants via ido all of our seed vcs
That's that's all I can tell you and um the precise lock schedule and release schedule is
Being made public before the private ido definitely this month
I'm, not sure. Well, it's not gonna be this week because it's already Thursday. Probably sometime next week or the week after
Bobby we sorry azuki back to you. Do you want to say something else extra there?
Yo, that sounds great. Thank you
Some sweet sweet bobby. How are you doing? Good morning?
Nope doesn't seem like it anyway i'm gonna uh, think pretty much uh wrap up this space
There's been great this morning neo talking to you. Yeah, it's been uh, it's been a pleasure. Thanks so much for joining us
And uh continue to power minted as well for the for the foreseeable future with us as well
it's it's amazing to have you on board and
Supporting you as well. Um, yeah, we're really down for it and some of the content that we've got out as well
that you you guys keep sending us is uh
Yeah, we're excited to get it out on the timeline. So
Yeah, thank you very much for joining us. Yeah
And yeah, there's gonna be another space with me speaking so i'm looking forward
And joining in the next couple of minted spaces as well. So yeah, i'll see all you guys again
Love it. No, it's uh, it's good to have you good to have you i'm gonna just head over
really quickly and add the
Um twitter picker in i'm just gonna put that in right now
Uh and get this loaded up
We've got i'm just gonna check that both are in the space still because uh, those were the qualifying terms of the
The uh, the draw. Okay one isn't so we'll redraw that one
And the other one isn't either so all right, we're gonna redraw one more time on both of them
Not the greatest twitter picker right we got golden I think golden's here in the stage
So golden and the second winner is peaky as well, which I think is here as well
Yeah, all right great two winners this morning. Um, 50 each both courtesy of um
Of style protocol for joining us. It's been a great space. Hope you all have a great morning and enjoy the rest of your thursday
We'll be back same time tomorrow at 9 a.m
Utc if you don't already follow them into the account follow style protocol follow leo and everyone all the other speakers on the stage
Um, and we'll be back tomorrow morning. Have a great day and uh, see you guys soon