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The future opportunities of NFTs in a Metaverse world - AMA
Recorded: Jan. 18, 2023 Duration: 1:34:01Space Recording
Full Transcription
okay hello everybody if you are joining please just allow us a moment to uh get all of our
speakers added in
okay again thank you everybody for joining just allow us a few moments to get all of
our speakers up on stage and we'll be started shortly
okay brilliant i believe we have all of our speakers here just allow me a couple of minutes
we'll get started
okay brilliant thank you everybody for waiting we are going to get started now so
hello and welcome first of all to all of our guests and listeners my name is alex and i work with the
community team at caduceus now before we get started i'd like to say a special thank you to
our guests for joining us today from zander space pub crypto skyland iconic and meta race
again thank you all for attending this event it's massively appreciated
and we look forward to speaking to you all today now before we get into the introductions i will
just say if you are new here i will give you a short intro on caduceus caduceus is a layer one
blockchain dedicated to metaverse development that offers up to 100 000 tps and almost non-existent
gas fees all powered by the centralized edge rendering now to find out more about caduceus
please do follow our socials join our community and look out for the latest news and updates
so today's discussion is future opportunities of nfts in a metaverse world so do stay with us until
the end of the discussion today as we'll have a lucky draw event in between our sessions and at
the end of the discussion where you can win some prizes and do also prepare your questions for our
guest speakers as we will have a live question session at the end of the event where we will
choose five speakers to come up and ask our guests some questions and again be in the chance of winning
some prizes so i'm very excited to be joined by some great speakers today who are allowed to introduce
themselves um if we can maybe start off with um abdallah from zander if you'd like to uh start off with a
little introduction and then move over to space club crypto skyland iconic and meta race last but not least
oh it appears zander has lost his uh speaker roll apologies let me just get that back on
thank you thank you uh thanks for the introduction uh i think it's it's pegasus right yeah alex pegasus
whichever works for you yeah that's great it's it's it's wonderful to just uh join this great community
uh having such influences here uh in in this twitter space ma so let me just introduce myself so that
everybody is very uh like familiar uh with me uh and as well as get familiar to zander as well so hello
guys uh i am mohammad adullah tayr ceo of zander and uh uh as my brief uh past with what i have done i
have completed my b-tech in computer science from one of the reputed uh government colleges in india
uh and uh later i worked as a release and configuration manager in one of the mncs uh for
three years and then uh my introduction came into this crypto industry uh where one where i joined one
of the leading uh cardano launch pads and learned a lot about how exactly this crypto domain works
uh and many made very influential connections as well while i was working for that launch pad
and during that time i was working on the design and concept of zander as well so later when i left
that my role in that launch pad i started gathering my teams and uh bought my whole uh experience guys
you can see my team members here they are from different parts of the world including germany colombia
uae as well as india so that how the idea and the concept of zander came into existence
so basically uh i know most of you have heard of zander somewhere or the other in twitter because
we are trending uh in most of the topics so uh but exactly what is zander to briefly describe you
uh zander is basically a play to one game with the concept of adventure and arena based idea so normally
because when you come across any games okay there are people or players who loves to adventure in
any game uh while others love to combat in any game for so we have just clubbed these two concepts
uh into uh the single platform the mmorpg as well as moba so basically uh zander is a galaxy okay
so we have multiple metaverses in the zander multiverse and each uh real itself uh is a metaverse okay
so and every metaverse will have its own nft so there so there comes the existence and the attributes
of nfts in zander okay whereas in a user needs to enter any one of the metaverse they will adventure
the whole metaverse and while adventuring they would come across our integrated nfts uh the foreigners
the weaponry uh these are our two integrated nfts so once the nfts are captured by the players
it would get stored in that particular user's vault and they would own that particular nfts and that
nfts would have real use case value as well so now what's the use of these nfts what the player have
to do with these nfts uh the player will have to battle in the zander arena okay that's our very
exclusive arena uh whereas the user will battle against another actual user uh which depicts the
multiplayer concept so as the player with battle more in the zander uh zander arena the value of the
nfts will keep on increasing and those nfts uh can also be traded in our very own exclusive marketplace as
well since this is a short description about uh zander and the use of nfts in zander
no thank you so much for that that was really insightful so um we look forward to hearing a
little bit more as as we go on actually um if i could pass the stage over now to to laura from uh
space club if you'd like to give a introduction about yourself and your project that would be brilliant
yes and my name is zola i i go and i go by this and cgj crypto i'm a part of the communication and
the marketing team for the tron for the tron space and i have a system engineer and have many years of
the management experience i'm the earlier uh in investor of tron i have i have been in crypto since
2016. i was very impressed by the first space chip from the crypto community will come from the tron
community so i so i decided to so we i decided to create a trust-based nft project with my teammates
seeing since i i since april two thousand two two thousand uh since since the april last year and we
wanted to do our own own project in crypto which we are we are love at the turn into a into a lifestyle
our team have i have have the have the experience in the digital marketing and the kol marketing we
have a connection with the many game makers so i was was working on the tron space club project and
and firstly we we are based on tron and then we are from from the catadus is a metaverse uh eco ecosystem
we are more suitable for all uh for our for our project so um we we have we have created the nft uh nft
collections by the by the br nft and especially for the for the catadus and we have a gain from over
150 150 possible 12 including the head wells uh closing experiencing and the many more and
for for our for and for our collection and every beer have have a create with the saw with the source
process with a more um and a more uh unique version of the beer and our version is to produce an nft
connections and which can stand away apart from the others with the respect to reward to rewards and
and the unities as soon as the collection is so is sold out and the owner will get the opportunity to
and to stick their nfts and get a get a reward through our native tokens and also they will have the
airdrop from our when our native token is issued uh and and and there is there is the native token and
including purchase and the part participate involved in voting right and also also listing in the decks
and our can do bs is on the way to and to become the nft collections and indicator nft nft marketplace
and this and this is our version thank you no that's amazing thank you so much for going into so
much detail there laura and um yeah you really do have a lot of exciting things happening at space club
so um no again looking forward to to hearing some more um now if i can pass the stage over to
lamar from crypto skyland if you'd like to do the same that would be brilliant just give yourself
yeah hello introduction and from the project as well perfect hello everyone um it's great to speak
with you guys again you may have heard about us before we've done um a few amas with caduceus in
the past so hopefully we've got some repeat listeners but my name is lamar or you can find
me as metal x on twitter and discord i'm part of the community team i'm the community manager of
crypto skyland um for all of our new listeners today crypto skyland is a web 3 entertainment
ecosystem and we're actually focusing on building an interoperable and an infinitely expandable
metaverse packed with a bunch of fun activities and content for all of our users to enjoy so we've
actually got we've chosen to create a very unique um high quality cute set of 3d nfts including our
character nfts as well as our plots of land in the near future both sets of nfts will allow users to
yield our token fpu which can be used in the crypto skyland metaverse and you can use that to you know
level up your character um even build upon in the metaverse or you can even completely withdraw it and
swap for a different token for a nice monetary award um now we're a highly community focused project who
want to help the people who want the community to help dictate the direction of skytopia so as we
continue to build and grow we always make sure that the community has a say in the direction of the
of the project and how we develop so like i said you know we're focusing on connecting meta worlds
created by various content creators to form an interoperable metaverse that can be expanded
infinitely so essentially users can travel through different virtual spaces experience different
gameplay and participate in new virtual uh trendy activities um and alongside that you know meet new
friends in the web 3 world a lot of us have been here in web 2 for many many years and we've created
a lot of uh new friendships with people that we haven't even met on you know games such as call of
duty gta or even some games that we're inspired by like animal crossing you know going to explore different
villages so we really truly hope to build a generational metaverse together with professional
content creators and all of our community enthusiasts alike so i really look forward to speaking to you
a bit more and going into a bit more detail about that later but that's just a brief introduction about
myself and crypto skyland thank you alex no thank you lamar amazing um thank you for that introduction
and yeah you know you guys at crypto skyland got some real cute artwork and some amazing things going on
there so um again looking forward to hearing more as we go through the ama um if we can now move over
to sebastian uh iconic if you'd like to give uh introduction of yourself and the project that would
be brilliant thank you so much sure alex thanks a lot uh hi everyone my name is sebastian i'm the ceo of
iconic uh about myself strictly related to crypto i got in touch with crypto in 2014 bitcoin if if you can
believe that was i think seven or eight hundred dollars at that time uh and then professionally
from 2017 i've been ceo for a crypto uh centralized uh exchange uh ceo for a blockchain enterprise solution
and from mid of 2021 uh i'm the ceo of iconic uh what is iconic iconic is uh basically uh first dedicated uh
uh uh platform for esports and gaming collectibles which i think would be uh uh cool to discuss with uh
some of the projects uh here because i think we we definitely have some uh uh some things to discuss
and a way to collaborate with each other so what we are basically doing is uh we created the platform
because the platform is live we launched the platform uh in august 2022 uh and we haven't launched the token
uh we just waited for a better market condition uh so uh our platform is um is available on three
chains and caduceus will be uh is uh will be added uh in the near future is a part of our roadmap of
course i think it has a great potential and i love the the committee the the way the committee is
engaging uh and compared with other chains that are okay i don't i don't want to give examples but i
just feel that they lost a touch with the community in a way or it's a little bit too technical while
here i see a lot of enthusiasm and congratulations for that uh and basically what we uh where we want
to allow esports team players even regular gamers and streamers to monetize their uh their gaming moments
uh obviously esports is is a front runner but it is the same for um for casual gamers they don't
create their own uh their own collections for example streamers uh can create like uh highlights
you just put it like highlights right so you you're playing a game and there those moments are really
worth uh saving uh and i think it has a lot of values because we uh focus on on uh helping the creators
to uh to give additional value for for those nfts for example esports teams uh we we discuss we are
in discussion with a few esports teams and they also beside the call the collectibles uh value they
also want to use like an entire collection as a vip ticket for a one-on-one session which i think
it increased the the engagement between the the esports teams and and their fan base which is kind of
uh reduced at this moment or even non-existent in some cases so we created a platform that's extremely
easy to use i think it takes about five ten minutes to learn how to use it uh and i think uh the feedback
so far is is awesome we have about 10 000 people registered so far so what we want to do is to add
more and more people to join uh our platform and from especially from the different web 3 uh uh
project game 5 projects but also we uh welcome web 2 as well because moments you can create from
virtually any game on any platform uh and one other uh one uh other thing and i will finish with this
because i don't want to make it too long since it's just an intro is we created the royalty system that can
be divided between all the parties involved so imagine that you are uh in the final of the esports
competition and you have obviously you have the player then you have the esport team you have the
esport tournament organizer and you have the uh the publisher of the game so everybody will want to
earn something from that moment and with us it's possible and the beauty of it is that it's done through
a smart contract which basically is automated so there's no no headache and for the creator itself
uh everything happened in the back end so they don't have to to bother about any of that so yeah
that's that's a little bit about iconic i'm gonna uh give you more details uh um further down the line
this uh amy thanks no no thank you sebastian thank you sebastian that was really insightful um obviously lots
of big things coming for iconic this year and uh a partner we're proud to be working with so thank
you so much for the um for the introduction there and again last not but sorry last but not least uh
jay from meta race if you could uh give yourself an introduction and a little bit of a introduction
about meta race that would be brilliant thanks thanks alex and um good morning from the uk
um yeah so hello everyone my name's jj also known as oh my papi on some social media platforms
um and i'm representing my project meta race um i come from a background in the fintech and marketing
industry and have been actively involved in crypto um in the crypto community for the past three years
during this time i've been engaging in casual coin trading and collecting nfts as a form of digital art
on various blockchains so that's a bit of um background from a personal point of view uh a little
about uh my project meta race uh so meta race if you haven't heard of it before we're a play to earn
horse racing game that utilizes blockchain technology and nfts to bring a new level of excitement and
accessibility to the sport of horse racing the game was one of the first to launch on the caduceus
blockchain and its development was driven by the team's passion for horse racing and the desire to
innovate within the industry in meta race players can enter their nft horses into different types of
races to win dollar meta which is our governance token um and they will win prizes additionally players
can buy sell horses in the marketplace potentially earning profits from trading they can also breed
mares and sell newborn horses um which come out as nfts in the marketplace holders also can uh they
can receive various rewards through the game's advanced tokenomics and reward systems which include
earning token as as raise prices by finishing in the top three places and earning generous overall ranking
rewards by regularly participating in races at the end of each season breeding new generations of
race horses from existing nfts and earning uh revenue sales through through um you know selling these
on the marketplace or secondary marketplaces um and i think caduceus are actually um developing the
marketplace at the moment so really excited about about that and additionally players can actually rent
their nft horses to other players for for breeding competitions um earning tokens through direct peer-to-peer
rentals um so yeah in short over overall meta race offers a wide range of opportunity for players to earn
revenue through the nfts um which is really exciting because there's many strategies you can go about it
you know you can race you can rent you can breed um you can partner up with someone um so yeah i'm really
excited about about my project and looking to get into into the meaty stuff later on in the ama
no amazing thank you so much for that introduction jay and again really uh really looking forward to
hearing a little bit more as we go out through the ama um so yeah thank you to everybody for your
introductions um now before we get into the next question uh i'd just like to do our first round of
lucky draw so for all of our listeners that are listening right now please do throw up a reaction
for a love heart for a wave for whichever reaction you like and you will be in for a chance of winning
on the lucky draw there you go i see quite a few coming up that's brilliant so uh let's get into the
first question um and if we could go in the same order of the intros that would be absolutely brilliant so
i'll start off with yourself abdullah um and the question would actually be that you know in the
beginning the metaverse and nft fields were relatively independent but now they're almost
inseparable what do you think uh the metaverse needs nfts or why do you think the metaverse needs nfts
thanks alex so basically this is the more very important uh part okay because currently in the
last couple of years nfts have been blooming as well as the nf uh metaverse as well and now uh in
the last in the last years there are numerous projects as well uh which have combined both these
uh ideas into into one platform so basically uh the metaverse is a massive concept okay and
uh nfts uh basically serves as a key concept in the this uh like broad ecosystem and mostly all the
nft metaverse projects uh they drive the possibilities of using that particular nfts as a d2 virtual property
so uh the nfts they watch what they really do they let individuals have ownerships okay uh of digital
assets and that digital assets can be anything uh like images videos audio anything okay within the that
particular matter words okay and uh uh those nfts uh individually allows everyone to sell uh or buy them
okay uh they can even rent or transfer uh through a medium uh uh in the metaverse so there there are numerous
ways okay uh of how the nfts work in the metaverse uh so basically they are correlating to each other uh
you can say they are just joining hands okay and um they uh they need one another in okay now in this in
this industry uh to thrive okay in any project okay any gamefire project uh usually have nfts okay because the
the current market uh is very blooming okay uh as compared to the traditional ones uh way past three
or four years back and uh in the in the metaverse okay nft plays a very pivotal role as well uh in
building a viable uh economy like uh from plate one gaming uh in virtual and augmented reality uh there
are investment opportunities as well uh like trading uh real estate and digital items as well uh there are
innovative e-commerce uh services as well there are numerous projects which are which are doing that
as well and other possibilities as well like uh for future metaverse uh dynamics so uh as compared
there are i would like just like to list uh four to five purposes that nfts are currently holding in
this metaverse like the first one is the uh most important one uh the proof of identity and authentic
authenticity that the nfts provide uh the second one is the interoperability okay uh where a particular
nfts can be used from uh from one uh ecosystem to another ecosystem uh the third one is the building
uh the infrastructure uh for the user generated content uh the fourth one is as you all know the defy
uh the decentralized finance and the last one which is currently blooming uh the game finance
so this is uh how the nfts and the metaverse is correlated to each other and working simultaneously
amazing thank you so much abdul i really like the way um you sort of stated the five points of nfts
there that was really cool i've never sort of had someone lay it down like that before so no thank you
so much for for sharing um thanks alex no no no problem at all um and same thing um if i could ask the
same question to laura at space club i will just remind any of our speakers if you would like me to
repeat the question please just let me know and i can do that for you sure and in my in my opinions and
an active and provide a way of them of the monetized um monetized assistance in the in the metaverse
it's very important for the develop and create and also it can help to fund the creation of a new
concept for a new concept for a new context nfts can also be used to create income and steam for the
for the for the for the eventual world world business and and bring the bring the web to you users and
into the into the web story and this can help to make the metaverse is a more suitable place for
for the create and and also for the for the business thank you
no no thank you so much thank you so much um and again if i can pass the the same question over that
that would be brilliant sorry two oh yeah sorry no sorry i'm losing my order getting my uh mike off
mute there yeah that's perfect i mean um why does the metaverse need nfts um some really good key
points have already been mentioned but um just to go over a few more i mean one of the biggest
advantages of using nfts in the metaverse is that it allows for a more secure way to own and trade assets
um you know since all transactions are recorded on the blockchain there's absolutely no risk of
fraud or theft um and you know this is a massive contrast to traditional methods of owning and
trading assets which are often susceptible to scams and hacks um another advantage of of nfts in the
metaverse is using nfts um can help create scarcity and this is going to be really really important for
new virtual worlds and virtual worlds that are being developed at the moment as it will help give
all of these items a sense of value and you know that's one of the things that myself and a lot of our
listeners do look for when looking to invest and trade nfts is does it have value um you know i'm
sure we've all minted a project we're very excited and bullish about um and you know we really couldn't
wait to to go and flex in the discord or on twitter or show our friends what we have minted um and you
know that brings me on to my next point is that we've got a whale culture in the cryptocurrency
space at the moment and the world culture is ever growing uh however you know the main whales actually
exist in the cryptocurrency space uh maybe holding between a few hundred to maybe even thousands of
bitcoin and this culture with the development of the metaverse will inevitably transition into the nft
space so you know it's not going to be about um necessarily how much you're yielding but it will
be how much uh how many nfts you do own in a particular wallet how many of a certain collection
do you own and um i really think that without uh this world culture um you know it's going to be hard
for the metaverse to to develop but i do think that it is going to be a part of the metaverse and um as we
do develop and you know more users do come on board we're really going to see all of the early adopters
benefit and you know as some of the newcomers have been experiencing you know they're going to have
to play catch up so we're all in a great position at the moment um and i think those are some of the
good reasons why the the metaverse does need nfts
amazing um thank you lamar that was a great answer um definitely agree with the the sort
of flex factor of nfts i'm definitely a big culprit for that um why i'm not 100 sure but i do have to
show my latest jpegs to everyone and change all my pfps so um yeah that's definitely a big part of
it isn't it um again thank you so much if i can pass the same question over to sebastian at iconic that
would be brilliant yes uh thanks alex well it's a disadvantage in this situation to be towards the
last people to speak um but um because a lot of good points are already mentioned but strictly from
my point of view like uh just to say a little bit about iconic because we do plan to have a metaverse
in the future it's in down the uh line in our roadmap and what we had in mind because we already
basically designed at least to sketch the was the future of the metaverse and i'll i actually can
give you some use cases so obviously there will be the possibility to to visualize the the nfts uh
like in a museum right and you can either uh you can even buy them directly in the metaverse so
basically uh they will have this is not necessarily uh extraordinary value it's more like uh uh like
experience right from user experience is really cool like you go in a museum you see a painting
and you want to buy it right well you will do this in the metaverse with different gaming moments
in our perspective but this can be done with with a lot of others uh other verticals as well the second
thing that i think has a lot of value uh from again from again from our perspective is i mentioned earlier
about the if you buy a collection you can have a vip ticket for a one-on-one session well one this
the idea is this one-on-one sessions to happen in the metaverse right so basically this will have like
a ticket right that you can basically use to have an interaction with uh with another person which is
great uh another thing that we want to use it's more like a ticketing system that you basically can buy
an nft which is going to be like a ticket to uh watch a uh esport event live right uh which is i think
is great uh it's not about the the the monetary value but it's about the value that oh okay i i i
watch this event i watch that event is basically it's going to be like uh you know when you go and
watch a sport event right uh you you some of of us who are collectors are keeping all these tubs right
that you're going to to different events sport events or music whatever so i think it's
going to be the same and you know you can even showcase you can have your own space and say hey
guys look look at how many events i participate or competitions or whatever else so i think i think i
see uh value here but from my uh my perspective and i think i don't know about uh others but i i got
in touch with with nfts almost five years ago which basically the they were not trendy right and i
immediately see the value i mean you can basically use nfts nfts to authenticate virtually everything
right from jewelries to to everything that is giving you a certain uh document to certificate you
can use that as an nft um and i think that honestly from my perspective nfts in five to ten years
uh they will be uh as as common as a you know uh anything else out i mean you can use it as a as a
plane ticket as nfts uh i don't coupons you go to to different stores uh because this cannot be
counterfeit there's a lot of value in using instead of using like you know a physical to use basically
digital and nft makes a lot of sense uh in it uh and and yeah that's that's my perspective and for
metaverse i think we we we didn't even scratch the surface first of all metaverse itself has a lot of
work to do in order to to get the attention of the right people right because i think it it went on on a
bad start like for example the first metaverse was built almost 20 years ago which was called a
second life maybe a lot of you guys know and they were not using nft but i think they would have i
would have a lot of value uh in the new uh uh concept and i heard a couple of projects that the the idea
of multiverse is it's really crucial and nfts will will help a lot uh in inter uh in connecting in
different metaverses right in this multiverse because otherwise it would be very difficult from
a lot of point of views and i think nfts are all play a key role in in this case thanks i so sorry
if i i talk too much no no honestly not not a problem at all sebastian it's something that i'm
a bit of a culprit at from time to time as well you know um i do enjoy speaking but um no i think you
made some really good points there uh strongly agree with obviously your points on nfts and in the
next sort of five to ten years how they'll be used in you know common everyday day-to-day life
um and and of course with the metaverse what you said as well and and and we're only really just
starting to touch on on metaverse and everything that it can be in the future so no brilliant answer
thank you so much um and now if i can pass over to jay at meta race and again do do let me know if you
want me to repeat the question or anything for you jay thank you alex so yeah in my opinion the use of
nfts and the metaverse allows for the blending of physical and virtual worlds this can be seen in
the creation of digital counterparts for physical venues the existence of nft art galleries in both
the physical and virtual realms and also the hosting of music concerts um both in concert venues and virtual
spaces uh a little bit like uh the caduceus events uh with tony kaka which was really successful uh in
terms of uh uses for the nf with for nfts and the metaverse um a lot a lot of the the projects have
touched on on a few points um but yeah i'll just go through through them again so provenance which allows
creators to prove ownership and authenticity for their digital assets which can be especially
important for art and collectibles tracing back its history which people love to do uh scarcity which
lamar from crypto skyland uh mentioned uh which allows uh digital items to increase their value
value and rarity a bit like the old school pokemon cards which um i used to collect when i was younger
and of course the shiny cards always used to to hold a value um so the nfts have a similar
sort of system with uh rarity rankings um different attributes for their for digital nfts and um
interoperability is a really good one for me um the aim is to make nfts uh easily bought sold
and traded on different platforms and marketplaces um by projects working with each other instead of
against one of our one another um i feel it's a really important point um and this will naturally
be a transition for web 2 entities as well um have an ability to transition from web 2 to web 3 space
because it is coming you know um accessibility which kind of interlinks with interoperability
um we need to make it possible um nfcs make it possible for anyone to own trade and um uh own
unique digital assets regardless of their location or financial resources as long as they understand basic
crypto of course and this is where education is key um i'm involved in some projects where you can invest as
as little as ten dollars or you can invest as as much as a thousand dollars so um we need to make it
the the barrier of entry really accessible for for new new customers and new users and people that are
actually interested in getting involved in the space um nfts also like allow creators to monetize their
work more easily um using nfts to sell trade their digital digital collections such as music videos
art 3d models um and this essentially cuts out the middleman giving more power to the creator
and lastly yeah they can i think um sebastian touched on it uh it can also be used for digital
identity identity and certification um and people can you know use it for gaming virtual worlds
um virtual raw estate the the possibilities are literally endless um so yeah if you're a web 2
company out there or you're not into crypto yet please have a look educate yourself you know there's
loads of youtube videos there's loads of people out there with great knowledge um and there's so many uses
for for for for the metaverse you know and i think someone mentioned you know there's still so much
work on the actual metaverse so if if this is already the things that we kind of want to do
imagine in when a technology gets so much better we'll be able to do stuff that we we wouldn't even
believe you know um but yeah thank you thank you for for it's a great question
no brilliant thank you jay and um some some great answers and some great points there especially
love the pokemon card reference that's something that i can relate to um but no thank you actually
to all of our speakers for for answering that question i will take this opportunity as well
to say if you haven't already please do be sure to go and check out the socials of all of our speakers
today as i'm sure you've heard from the ama they all have some fantastic things going on
um for 2023 uh this year so you know please do stay up to date follow all the socials and join
the communities now before we move into the next question um it is time for the second lucky draw
there'll be three lucky draws throughout the ama so this is two of the three everybody wants to
throw up a reaction now throw up a love heart throw up a smiley face throw up a wave whatever reaction
you like and you'll be entered into the lucky draw amazing i see quite a lot of them coming up thank
you so much guys so um actually on to the final question that i'm going to be asking our speakers
today um and then we'll move on to the live question round which will give all of you guys
here listening an opportunity to ask our speakers some questions so again i will ask abdullah from zander
to start first um can you talk about the outlook for the future development of the nft market it would
be great if you could shed some light on this for us uh yes yes thanks alex uh personally i think
because the the the capacity that uh the nft has they have uh only consumed the 10 percent of the total
capacity because it has a far lot of potential and currently it has been only a couple of years since uh it
has bloomed and there are lots of other uh utilities as well that are yet to be uh utilized by uh any any
any organization and uh as the metaverse emerges okay and the company uh perhaps join forces like uh there
are numerous real uh use case uh companies like nike adidas uh others okay they the nfts will far be more
used as uh just a receipt okay uh for a virtual uh like particular virtual good so because nfts okay
they are recorded on the blockchain to see okay at the token and the token uh themselves are nearly
impossible to counterfeit uh because uh the whole blockchain is transparent okay and everything is
decentralized so uh and the nfts used in in this blockchain uh network uh everything would be transparent
to everyone as well so there won't be uh any sort of you can say uh stealing or something like that
okay it would be full uh owners owned owned by that particular individual and as such uh any nfts can
also be linked to virtual as well as real world benefits like uh in the just like few last trending
concept that was going on the move to one concept for example uh it combines the real world benefits as
well like moving uh in in this in this environment and then earning as well so and using the sneakers
nfts as an example as well so it has a far uh more purpose than it is currently uh using okay and
therefore we have to make this nft journey uh much more less complicated okay because as of now uh there
are very few people who knows about nfts and um and we need to educate them okay through uh ongoing education
or maybe through mainstream media as well so the reality is such that the nft market uh will
strengthen and grow okay when it is easier uh for more people to adopt
thank you abdula uh great answer and no i agree you know um things do need to be a little bit more
user-friendly and a bit less complicated to really grab the masses and i'm sure that's something that
everybody's working towards um but no again great answer so thank you so much yeah okay thank you now
if i could pass the same question over to laura at space club that would be brilliant
um yes and uh what i what i what i look for the in the future of the development of the nft market in in
addition to the to the ownership right or authorities is also a also also established and there is a new
community for a forum around the nft and new music and pro and and providing the create with the uh with
all automers by 2025 the nft music in music industry is is expected to reach over uh over a over 18 18
billion in in the in the capability the market um offers several nft project and uh for focusing on
and on art and also there are the others and want to benefit from from the tokens it's a unique function
that will will develop and also uh for eyes in the and in in in in this year 2023 and you using the
nft tokens and increase the uh the assistance value and the and the blockchain method in the daily life
and the benefit of the each nft is candy can can become considerably and different for the for the
instance and the people can use the token and the metaverse game in environment by sale and exchange the
experience there are also the real opportunities that be being to to the service nfts and the users can
install and buy and train and and the transactions for the uh for the assistance and the securities and
use the nft for the for the daily options and the possible are abroad and also the extensive and more and
more people are greatly and in the beginning and to to learn about them and and that uh will will be um
i think they will and will be will be great and in this year thank you
thank you so much for going into detail on that that's really appreciated um now again if we can put the
the same question forward to lamar at crypto skyland that would be great hello yes um
right so you know this final question um as we've sort of previously mentioned and previously touched
upon uh collectors are currently buying many things such as you know records comic books music some
people even collect coins and stamps you know um and as we are transitioning into a digital world
this is how nfts are going to thrive in the future um and you know people don't really collect anything
because or collect coins or stamps because they have an amazing use case but mainly because they they
really love it um so i i think this will transition into the nft space um nfts are going to continue to
provide a way to present ownership of assets um like we've previously mentioned everyone likes to flex that
they own a very unique asset that no one else can attain and rather than you know simply purchasing
digital photos or videos um you know we may actually soon be buying physical real estate and
jewelry cars stocks through the use of nfts so um i believe one of our previous speakers did mention
that you know in in the future they're gonna essentially become receipts and to some extent i do agree with
that um you know i think on top of this as well with social media and uh the blockchain and the
metaverse sort of working hand in hand um i think it actually provides a solution for a lot of content
creators um that they have now in terms of getting social media monetization so um at the moment i'm
sure a lot of you are aware that people can very easily copy digital content whether that may be copying
digital art and reposting it on their social media or even you know watching a youtube video and making
a like for like video and trying to claim it as their own so um you know as time goes on original content
creators are actually losing their opportunity and losing royalty opportunities so you know having an nft
which would create a license would actually you know would make it very very tough for users to get their
content uh copied and stolen essentially and you know i know a lot of social media companies are
working very hard on implementing nfts into their platform um at the moment instagram uh um you know
you can have an nft as your profile picture the same with twitter and i believe that you know all social
media platforms will follow suit within you know the next sort of five years or so maybe even less
um so yes i believe that you know nfts can can resolve social media monetization issues and um you know
once nfts are really considered an asset they're they're going to help creators thrive and it's actually
going to help the development of the space because if creators are thriving then they're going to you know
essentially keep developing the the space developing the metaverse and and making it a much more
uh global scene as i do believe we're very very early on and there is a lot of adoption to come
a lot of big players to to come into this space um so yes i i believe that all of these sort of
qualities will help the nft space continue to grow and and be here for the long run
thank you lamar no i think you're right and i think um everybody's striving to make those steps in the
right direction and um that's something that we're going to see in the coming years so no again thank
you so much for that um sebastian if i can pass the same question over to yourself sir that would be
brilliant sure uh thanks alex uh well i kind of uh uh give some of my uh answers in my previous uh
question i mean for the previous question so from my perspective as uh one of the people who got in
contact with nfts relatively early uh i did see the value of it and actually that's the reason i'm
i'm uh doing the project i'm doing now iconic is because i see the value and also because i'm a
gamer so it kind of blends perfectly for me so from my perspective nfts uh like just to give an example
an idea that i'm i'm working in private and i didn't uh made too much out of it but nfts can be
basically uh a property contract for example uh can be literally any type of legal contract uh in the
end uh it it's one of the ways i mean uh it can uh i think the challenge is still the the legal uh
background but we are discussing with some lawyers and it can even nfts can even be contracts of some
sort which is great because of the idea that they cannot be changed it's unique right each contract
like you buy a house is has a registration number so it's unique uh in a way so we we have to to think
and i think one of the biggest challenges that we have at this moment and hopefully we'll overcome
especially i am i'm facing this gamers for example specifically uh especially the traditional
gamers i'm not talking about web three the web two they uh put uh the equal nft with uh another
way of publisher extorting some money out of them right so we're kind of facing some some some
challenges and in a way it's it's understandable because a lot of people took advantage of the nft
trend and created some excuse my my french some really low quality uh very overpriced nfts and
they sold it and people felt cheated and they kind of lost trust but actually the nft as as uh you know
as a base it's extremely valuable the problem is that as usual um the the first people to to try to
take advantage are people with not really uh good intention they just try to extort people or fool
them and it happens a lot but i think and that's why i said in the next five to ten years when people
will basically understand and that happened with with crypto also you know five years ago you know
2017 icos nobody knew what is a white paper two page white paper and raise millions of dollars
stuff like that it happened well i think it was time for for nft to suffer that uh plague but i think
that's that's uh in the past and i think as as as long as uh project will focus on creating value
and uh to use this and to have real use case so i think that's that's the the key right whatever is
going to be real estate metaverse the the the key point is uh a real use case and real value for it
right or identity or anything else so i think this is us as being in this space this is what we have to
do this is we have to educate like someone said before we need to educate people and for them to
understand that hey guys okay there are bad things and good things anyway you know even in in uh
tradition i mean in the real world you have good things and bad things people will always there
will be some people that will try to fool you just understand educate yourself do your own research
right understand what value and uh it has and it will bring a lot of benefit no doubt thank you
no once again thank you sebastian that was absolutely brilliant and um a very vital piece
of advice at the end that some people sometimes still uh fail to do and that is do your own
research as extensive as it needs to be before you uh before you make any purchases really um so no
brilliant thank you so much sebastian and again last but not least jay if i can pass the same
question over to yourself for meta race that would be brilliant thank you alex um great responses from
from from the projects involved um from a gaming perspective uh the use of nfts in the gaming
industry is expected to bring about a significant shift in how digital identities achievements and
assets are valued and exchanged gamers place well myself coming from a i'm a gamer also sebastian but
gamers place a high value on their digital identities their personal history achievements communities stories and
status um my i'm i'm a playstation guy myself and i collect all the trophies for any games that i play so
it's really important for me um as a flex factor and often spent spend significant amounts
um well on previously on fifa ultimate team on digital items such as you know like for fortnite outfits
avatars performance boost and unlockable content um and this is all to do with the flex factor people
like to you know feel good and feel a sense of achievement um in a normal game like fifa you'd lose
this on a yearly basis so you'd have to buy the game year on year out and you'd have to start from scratch
which i think is is is a really um a bad mechanism for for someone like me you know so i want i want to
see every year that i've played like the previous fifas and all that stuff um but yeah this is this is
their model you know um nfts offer a new level of security for collectors and investors by providing
unique identity identities for each asset ensuring that the contracts cannot be altered or falsified
um this technology is not only secure but also lowers the barrier of entries and creates a level
playing field for collectors and investors mitigating the pay to win factor you know a lot of games are
actually pay to win so the more money you put into it the more likely you're you're going to win which
um is is not right in my opinion as i feel like you know the game should be based on skill
um rather than how much money you actually put in into into the game um currently most of the nfts on
the market are static such as um you know digital artwork props um jpeg avatars um however in the future
i feel like dynamic nfts with character actions animation dialogue thought ai and interaction can
create a more immersive and engaging experience this will come with um as the technology um improves
within the sector and gamify in the future metaverse will likely play a more significant role
uh in the development of the dynamic dynamic nfts um this is similar to how short videos are more
impactful than images and text alone sort of why um tick tock is really successful you know people
are uh they need dopamine in their brains all the time so uh this is why people just scroll on instagram
you know for 10 10 second 30 second video um you don't you rarely sit there now and watch a three
hour long film without being on your phone or scrolling so um the the human brain has changed a little bit
so yeah um this is this is my opinion on on on the metaverse and i'm really excited for it you know
thank you jason some great points and some funny points there but no it's it's true um you know a
lot of the stuff you said that i can definitely relate to um with the pay to win games and and
fifa and so on and so forth but um again i just wanted to say a massive thank you to all of our guest
speakers um that was all very insightful and once again for our listeners if you haven't already be
sure to go and check out the socials of all of our projects of the speakers uh that we're representing
today because like i said there's a lot happening in 2023 that you don't want to miss out on um
now so we will shortly move on to the live question section of the ama where we'll choose
five listeners to come on stage and ask our speakers a question
the five selected winners will also win a reward so if you are selected as a speaker please do dm
our twitter page afterwards to go about claiming your prize now just before we go into that i'm
going to throw up the final lucky draw so um last lucky draw of the ama throw up some reactions there's
lots going up already raising hands and things so that will count and you will be included into the
lucky draw prize winnings so let's move on to the live questions excuse me
so we have quite a lot of requests today
i'm going to pick one at random
okay robert you are now being given the stage when you have connected please just unmute yourself and uh
double check that we can all hear you and uh ask a question to one or all of our speakers that would
be brilliant hello can you hear me yeah we can hear you just fine but please uh please proceed to
ask your question all right all right um so i have a general question for all the speakers um
i just want to know like what are some of the new um project models or uh you know advanced innovations
that you think could be created through the use of nfc's um in the future
thank you robert i mean that was a question for all of the speakers so if uh one of our speakers
would like to to go first we don't necessarily have to go in order for this one maybe not everybody
will have something to say but um
no okay um robert can you just repeat the question one more time for the speakers please and um
speakers have another little listen if there's something you feel you can answer feel free to
jump straight in after robert's asked this question all right all right um so the question is like um
what's what are some of the models that you think uh um could be created through the use of nfc's in
the future like what's new um innovations or projects that you think could be generated through the use of
nfc's in the future okay well i mean one of the i think there's going to be a lot of new models that do
come in the future that maybe we don't have the foresight to see at the moment but one thing that
i do think we will be able to um benefit from in the future is play to earn and um i think play to earn
is going to be a massive massive important sector of the nft space you know transitioning from web two
to web three at the moment um that really does sort of separate the gap between uh the two generations
of gaming you know growing up we had to as a lot of our speakers have mentioned we had to play these
games and you spend you know multiple hours and days and weeks just to level up your character or
you know maybe just to obtain a skin or even to obtain a badge on call of duty for example you know
if you want a prestige it can take you a good you know few few weeks uh in in some cases and that
was enough to to keep people there so i think that one of the main things that will drive the nft space
in the future is not only being able to flex off your maybe experience level but also being rewarded
with um crypto and nft assets uh as another way to to flex as well and i i think that's going to
separate um the two generations of gaming so that that's my outlook on it that's great thank you so
much for answering that lamar if any of our speakers have um anything else to add please go ahead
also i just want to pitch in here okay there are other numerous innovations okay robert uh uh since
i would i would like to give an example what is exactly happening happening in exander uh we can in
in future we can integrate uh many of the metaverse games with the vr and air technology uh because when
the users uh play with their play the game okay actually uh with their headsets on and get the real-time
experience of their own nfts what exactly their nfts is doing in that particular metaverse okay it would
give a really a different kind of feeling okay to that particular uh user uh about their own nfts and
their utilities that it is performing in that particular game so basically uh integrating it with
the ar and the vr technology would be another innovation okay uh and that is about to happen in zander as well
that is great thank you so much abdullah um any of our speakers yeah just just adding on to that
point from zander i think the vr and augmented reality is really a massive thing that's kind of
going to come in the future um as they represent ownership of virtual real estate digital assets
and uh like zander said experience a totally different um experience in the vr and augmented reality
um so yeah essentially um for meta race in in our final version of the game what what we'd like to do
is you the user would put on some xr goggles log into the game and literally be a jockey on one of our
our horses so not only would they be on a racetrack they should be able to to to move the horse uh
control the horse and go through the tracks that people or projects have um created or that we've
partnered with so yeah the vr aspect of of the the metaverse really excites me um a lot of people are
really skeptic about it naturally because uh there's been a few um there's a there's been a few
headsets that have been released but not not lived up to their expectation but as i said before as the
technology improves i think that we'll get there and you know you will have some wicked projects and
wicked games where you're not going to be wasting your time um not earning return of of investment but
you're going to be experiencing just um gameplay will just be as good as you know ps5 system and
xbox system uh you know so um yeah on raw engine five is coming guys and you know the graphics will be
insane that is great thank you jay i will just check um if sebastian or laura have anything that they'd
like to add if not we can move yeah i i want to add uh one more thing um obviously we already
basically you know partially uh replied previously with our last uh with the last the last question
and answers to what is going to be next for nfts but uh from our perspective we actually creating a
a semi-new uh type of uh play to earn is actually we are calling it play mint earn because you can play
any game regardless of where to what a web 3 you can play fifa i can play call of duty you can play
a league of legends uh whatever you want to play over watch and so on you can basically uh save the
best moments right it's quite easy to do on uh playstation xbox uh press of a button and then
after that to create a collection of uh a moment or creation uh collection of moments and you can
you know sell it and basically you can earn something uh out of this or for streamers because
there was something about intellectual property earlier sorry to to cross but i think i will
answer we are uh working to create uh the it's it's in development to create uh a type of basically
with a click of a button a streamer can basically start uh minting an nft right is in the middle of
streaming can press a button and uh create an nft and then at the later stage uh can place it on the
marketplace and that basically saves the idea of you know i'm copying from someone else because you do
it live nobody can steal that from you so there's there's many ways we can uh use nfts right uh
but yeah i just i just wanted to add on what was said uh before thanks
brilliant again thank you so much sebastian and i will just check um laura do you have anything to
add on this one or are we happy to move on to the next question you can we can move to the to the next
question amazing so uh robert thank you so much for coming up and asking that great question you've
got a lot of great answers from our speakers there and um wish you all the best for the rest of your day
thank you thank you
okay brilliant on to our second live question so again i will at random choose somebody we've got quite
a lot of requests coming through
okay
so we have
hot pizza up on the stage if you want to um just let us know we can hear you test the mic yeah am i
audible enough
yeah yeah yeah we can hear you um do you have a question for one or all of our speakers no i
actually have a question for zander of course all right my question is uh you know uh we all know that
we are in uh a bear market so i want to know like what challenges and difficulties are you currently
facing and how are you planning to overcome them and also the last part of my question is what kind of
strategy uh do you think like will be best for you to attract more users especially the web to
use us into your platform thank you
uh thanks thanks for this amazing question uh okay uh currently in the bear market we are we all are
facing lots of challenges uh whether whether it's it's uh related to uh development or the investment
part okay but i just want to uh focus on the market conditions okay that's that's the most important
challenges uh that we all are facing okay all the all the projects okay uh especially uh related to
the three or four uh you can say farts or scams that happened in the last year uh whether it's related
to terra or ftx okay that has completely uh you can say created a very unstable environment okay for
for all the vcs as well as uh other investors to uh pitch in in any of the projects so we just have
to stay calm so that's that's the most important part we just have to be patient and we don't we
we just have to keep developing okay we don't have to stop uh our development so that's the most important
part uh we have to keep going on and uh the vision that we have set up on we have to just focus on that
so that everything that we have just set up on it can be achieved okay uh so that that that fear uh
where all the uh every every challenges lies upon the patience okay uh because this market condition
won't stay long uh like this and everything would be back uh like before okay before before as you can
say 2021 everything uh all the market condition that was there in 2021 uh everything would be there back
so we just have to keep stay uh keep patient and keep on developing keep building okay so that all
all your users and ecosystem gets to know that the people behind the project are er working uh
even if the market conditions are not right so and um that that would create uh you can say a belief
as well as hype within the uh within your uh own project as well uh and this would spread okay this
would not be confined to your own ecosystem this would this would definitely spread uh to other
projects as well great can i just add that i love your handle hot pizza
thank you so much brilliant thank you thank you thank you take care bye bye bye bye right thanks so much for
that hot pizza um let's go on to our third live question again i will pick this at random let me have a little
scroll through okay okay and here okay so we have tommy connecting tommy once you've connected please unmute
yourself and just uh test that we can all hear you hello tommy
tommy are you with us
okay
sorry tommy but we're going to try somebody else
okay connecting mario is the third speaker
mario you'd like to unmute yourself and let us know we can hear you hi everyone uh am i sound clear
yeah yeah uh loud and clear perfect thank you mario um who is your question for today yeah okay thank
you very much for inviting me out to speak uh my question is uh please uh what what mechanism that
your project used to project uh to protect the users how secure your smart contract against attacks
my question goes to all projects
great thank you very much who would like to start off with that
so yeah i would start yeah please yeah okay so yeah this is a very good question because i think a
lot of uh people especially with the latest thing happening they don't think too much about security but
security always been very important hacks happen unfortunately still happen so speaking from
uh our perspective and then i'll say it on a general level so um we basically have the platform which is live
our smart contract was uh was audited and we we do have a basically white hat company uh always
testing the platform for uh vulnerabilities because in the end uh regardless like what can happen i mean
and one important thing especially for the end user is that they will also have to keep secure their
wallet because for example you connect with a certain uh uh you know a project and everything is is
secure on their their side because you know they're audited the smart contracts are are properly done
and they're not vulnerabilities but you can still use you lose your assets if someone hacks your wallet
and for example and and the the reason and you have to understand i'm i'm not sure if i'm not i'm
going to say something in innovative or maybe you know about it but the insurance industry is already
tapping into nft market and probably i should have said this earlier we actually are connected with a
company that is connected with an uh some insurance companies that basically they want to insure nfts
now obviously uh they see and i think this is says a lot about the value uh that it's seen uh out into
traditional market right in insurance is a traditional uh industry uh they see in the space that basically they
want to insure the nft like if someone hacks your wallet and you lose your nfts for example the one
that we want to do it in uh an iconic you can choose to uh insure an nft by uh paying a small extra
percentage and in case someone hacks your wallet you can get back the money for the nft that you purchased
which i think is is pretty interesting the point is there's no 100 guaranteed but i think everyone uh what is doing is like
you have to make sure that you audit your your uh smart contracts and if you do any changes right
normally you shouldn't but if you upgrade your smart contract you have to re-audit that because
it changes everything right so i think this is extremely important all the time to make sure that
the security of the platform the smart contract of the whole ecosystem depending on what everybody is
doing is up to date uh and to make sure there's no vulnerabilities that will affect first one first
thing the project and the second thing the end user which i think is very important especially if
you're a community-based and should be a community-based uh project so yeah that's that's my answer thank you
i think that's a very um very thorough and good answer there sebastian um i do i will check though
if any of our other speakers have anything to add to that yeah just to add to that um to what sebastian said
um conducting regular security audits um from independent third party um just to check your smart
contract code and any other software that is critical to the operation of the project
um for users use well established smart contract libraries um which have widely been used by many experts
um using multi-sig and threshold signatures um so it's more difficult for a single person or entity to
store or misappropriate funds always keep software updated this one's a big big one for me um i usually
don't update my my browsers or any of my apps but it's really important as um they mitigate all bugs and
um all that kind of stuff um participate in smart contracts uh bug bounties where experts are paid to
find vulnerability so for meta race um we we've we have like uh we we have uh guilds that check our
check our game and test our games just to make sure that it can it can operate at the the rate that we
want um we don't want a game where it crashes after you know 10 000 users um play it you know um and
also having a disaster recovery plan which i personally have um so if you if you do get hacked
knowing where to go and quickly identify identifying the sources of the attacks and preventing similar
attacks in the future um but it's also important to note that with all these measures in place
it is still possible for smart contracts to be hacked um so it's important to to to take the
relevant steps that you protect to protect yourself at all costs you know it's always um better to be
safe than sorry um brilliant brilliant question by the way thank you jay um again really thorough there
um do we have anything else to add from any of our other speakers i think uh we got we got quite a
solid answer between jay and sebastian there to be honest
okay i'm going to take that as a no mario thank you so much um i hope that helped to answer your
question thank you very much thanks thanks for the well detailed answer wish you all the best
brilliant thank you so much enjoy the rest of your day thank you mario right brilliant so mario was the
third speaker we have time for two more speakers to come up and ask a question again at random i will
pick the fourth speaker okay evan will be joining us on stage evan once you've connected please unmute
yourself and uh check we can hear you and let us know who your question is put towards
evan you do have the stage if you'd like to unmute yourself
evan you have been summoned
i think evan might be okay oh no he's here hello oh hello hey sir am i audible
yes we can sorry we can hear you we can hear you
hello hello yes we can hear you how are you
hello yes yes hello yeah can you hear me yes uh so uh my question is
keep to market is a recent br market and this uh scenario it is very uh hard to investor uh to
trust uh to trust uh in invest on any project how do you see these uh challenges and why should we invest on your project
what do you see these uh and then i will assume that's a question for all of the speakers is that right
sorry is that question put towards all of our speakers oh okay
okay i'm gonna go with yes who would like to answer that question
um yeah i can uh i can take the lead on this one um i can completely understand how it can be quite
difficult to um to invest in a bear market uh there are a lot of projects that do come out
uh in crypto you know it's an ever-growing space and now in the nft market as well you know there's going
to be new projects popping up every week and as an nft investor myself and a nft trader um you know i've
been on the good side of many nfts and i've also been on the bad side of um some unfortunate rugs now
what i look for when i am investing in nfts uh one of the main things i look for is the team and their
experience now um you know a big red flag is a team who you know they don't want to give too much
information about themselves maybe they're necessarily uh not um experienced in the nft and crypto industry
and um you know it's a big sign that you know they may have a roadmap but they're not looking
to follow it so you want to look for an experienced team that has a very clear and concise roadmap
and a roadmap that's you know not too far out of reach um it's one thing not having a roadmap
but at the same time if you are creating a you know a really really in-depth out of this world
roadmap it can be quite quite hard to to follow so i look for people who have realistic expectations
but are trying to be innovative in the space as well um you know the last thing you want to do is
invest in a project which you know they're planning on building and you know their roadmap
is looking through into 2028 um who knows where we will be at that time so i do look for
who is building in the short term do they have realistic goals um is their team experienced
and on top of that you need to look at the community as well do they listen to the community
do they take on board what the community wants um i'm a big believer in um you know the community
driving the metaverse uh that's why i'm so passionate about uh being a community manager on on skyland
and why i'm always you know creating new polls um we're trying to get data from all of our social
media you know such as uh twitter and discord to make sure that we're keeping on track with our
roadmap but also the users expectations um you know it's quite a red flag if you go into a discord and
you see no moderators or no admin having posted you know within the space of a week or so you want to
see regular updates um in in projects that you are investing in to know that they are still building
um you know you do the same with your web 2 games for example i'm a big football fan
fifa they've been about for years they they really don't need to keep updating things if you go onto
their twitter however they're constantly posting new information about the latest games and the latest
player updates and their you know their plans for the coming months uh that's something you need to
look for in the web 3 space as well that is great thank you so much lamar would any of our other
speakers like to add to lamar's answer there forever yep um in terms of meta race uh uh much much like uh
lamar touched on um having a great team you know a confident team um also communicating i think that's a
really important factor being um listening to your community but in terms of meta race we're trying
to link um the real world of horse racing with virtual world so um as i keep saying we're trying
to lower the barriers of entries if you don't know too much about horse racing um to actually own a horse
is a you know it's a lot of money um and to go to races it's quite um you know like upper class people
um people of wealthy backgrounds so what we're trying to do in this project is we want to lower
them barriers of entries we want everyone from every walk of life to be able to go to a race race course
um witness um uh the race horse uh racing which we have at meta race we have a real life race horse
in our stable called billy uh you can follow our tiktok you know um and look at him so not only will you
have a a real use use case scenario for our projects but um you also have a digital asset so
you'll have base essentially um a share in in the real horse and your nft so um we're planning on doing
so so many in real life events um i feel like this is really important in an nft because everything's
done online and you know like twitter and all this stuff but it's also important to you know link these
communities together in the real world so um if if you do own own part of our nft imagine if a
group of you got to go to you know royal winter race course to see um meta race race in the in the
actual uh in actual real world like it would be such a flex factor you could get pics for the gram
twitter it would be insane you know so yeah we have we have many um ideas for for for nfts but
um yeah you would just have to um uh stay in touch with the project and follow us to see if you are
one day will um be on a race course you know
amazing thank you so much um thank you just yeah just one thing i want to add from our perspective
uh what we did uh despite maybe some of the investing early investors uh not very happy about
it is that i said that i'm not going to launch the token until i have my live product which we basically
launched the the live product already i think it's really important to check yeah uh it's really
important to check if the the product before they launch they are in quite advance you can check it out
out it's either better or to be close to to at least have an mvp that's very important never invest
in a project is just an idea that's i think that was the the basically the core of all these icos they
all had great ideas but that's it and all of them died as ideas so you need to make sure that when you
invest in a project any type of project uh they're uh they have a product they have a viable product they have
at least use something that you can check it out you see some demo it's it's it's almost there in our
case we wanted to launch to be be live but that's not the case because it depends for us it's i mean
it's easier to build a uh a platform like i was then a full game i agree but the point is that you have
to make sure that that project is actually building something and it's not just selling you an idea and
that's why i will emphasize again do your own research and team a very important community
uh product i think these are at least the the basic three things that you you have to check it out
thank you amazing thank you so much um evan um i hope that has answered your question uh thank you again
to our speakers for for answering that so let's move on to the final question so let's have a look
and see who we have this will be the final question of ama okay goblin goblin you are being added to the
stage once you've connected please unmute yourself and let us know who your question is for
hello goblin are you there yes yes brilliant nice to meet you welcome to the stage okay uh i have a
specific question for uh iconic so can i yeah okay please proceed okay so on your website i read that uh
we can record our gameplay gameplay highlight and then we can meet them into nfts on your platform
so if if if if we need to meet them on your platform do i need to pay any charges
or like do i need to hold your uh native token something like that
uh yeah thanks for the the question uh it's actually a very simple answer and the way we design uh the
platform is that as i said our platform is live and our token is now launched so the question would be
how you'll be able to meet no you don't need to hold our uh native token when we launch obviously
there will be some advantages because it's a utility token but each chain that we will launch we have
three chains at this moment and as i mentioned we will add caduceus uh the latest stage and other
chains they will have the native token of the chain and a stable coin that you can use uh from our point of
of view when you you you mint uh an nft obviously it's just the the gas fee so if you for example caduceus
is like or some other layer two uh chains they're almost insignificant right so it's uh it's a zero point
something cents so we don't charge you anything else obviously when when you sell the nft there will be
uh a certain uh fee on on the platform right uh um but that can that also can be reduced uh with uh if
you use iconic token obviously this is a a longer discussion so to to uh to to summarize is the only
thing that will cost you is the gas fee to mint and nft obviously ethereum is more expensive but the other
chains are uh the the the fees are extremely low so that would be the only cost from uh from your uh
your basically your wallet so that's that's all of it i hope i answer to your question yeah yeah uh got it
thank you okay you're welcome amazing thank you so much for coming up to ask the question goblin thank
you so much um for providing another brilliant answer sebastian so that's actually all we have time for today
uh a big massive thank you for everyone for attending um thank you to our speakers as well
uh if you haven't already please do remember to follow our caduceus on all of our socials and join
our community for the latest news and updates and once again be sure to go and check out all the
projects of our speakers because um as you've heard from the ama today there is a lot happening in 2023
um once again thank you all for joining and we look forward to seeing you all on the next ama
um have a great day thank you speakers thanks for joining take care thank you guys thank you bye
