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๐UDAO Spotlight EP. 51๐ Sponsored by @ThePrimesNFT
Recorded: June 2, 2023 Duration: 1:48:15Space Recording
Full Transcription
Yeah, man.
It was fun.
It was good.
Oh, yeah, man.
I'm glad to hear it.
Keep up that progress.
Orange, what are you doing?
Dude, I'm trying to.
What's up, baby?
No, no, I didn't know if I was supposed to go or not, I'm sorry, I'm bad at it sometimes,
dude.
No, it's all good, my love.
So, yeah, I'm going to have a good day.
I'm going to have a good day, I'm going to have a good day, I'm going to have a good day.
And we got to use the barbecue, and it's fast as fuck, dude.
So I'm happy about that.
And yeah, good day.
And yeah, good day.
And yeah, good day overall.
And yeah, good day.
And yeah, good day overall.
Fucking long day so far, but we're chugging, baby.
Grind don't stop.
Enjoy that summer sausage, bro.
It's the start of a, you know, good summer.
JS, how you doing, homie?
Doing good, how are you?
Doing great, man.
Benny, how about you?
Doing well, man.
A little, I'm not going to lie, a little tired, but nothing to wake you up like your
solid spaces in the morning.
Yeah, so it's one of those days.
I think we got Dave.
How you doing, homie?
We got some technical difficulties.
Whoops.
Hey, how you doing?
Hey, can you hear me now?
Yep.
All good now.
Orange, are you back in Ontario?
Yes, sir.
I'm back.
Let's go.
Back in the hometown.
Dude, I was saying.
It is so hot out now.
It's disgusting, dude.
I was about to, bro.
Earlier today, I was complaining about this.
I leave France, which is gross.
Don't complain.
Don't, don't.
Don't do that.
Don't do it.
Listen, brother.
I came here.
I stepped out of the airport, right?
And the, I'm like waiting for the Canadian brisk weather to hit me.
I'm so excited, dude.
I can see the CN Tower.
I landed at Billy Bishop, right?
Yeah, yeah.
I'm seeing the whole city.
And I fucking step out there and it's like 110 fucking degrees, dude.
And I was like, there's no way I have to deal with more of this.
Yeah, it's, so for those of you who don't know, in Toronto and a lot of Canada, we get
about two weeks of spring and two weeks of fall.
And it just goes from like freezing cold and like freezing rain and it's gross in April
and even in early May, it's not nice.
And then all of a sudden, like two weeks later, it's, you know, it's 30 degrees Celsius,
whatever that is in Fahrenheit.
And you're just like, it's humid and sticky and hot.
That's how it goes.
But you can't, we can't complain about the summer.
Dude, soak it up, man.
It's not that long.
It's cold as shit in BC right now, man.
It's been windy as hell for the last week.
BC is, BC is a little different.
There's like a better like temperature ranges for sure.
But man, you can't, there's no complaining about summers in Toronto.
That's a rule.
Dude, I'm going to get lynched by Dave right now and every Torontonian listening to this.
But bro, I want winter right now.
I'm tired of this summer shit.
Bring me back to snow.
We just started, bro.
We get three months of summer and nine months of winter.
Just, just relax.
Just relax.
Bro, I got a sunburn in my car yesterday.
What the fuck is that all about?
I'm, so I'm, I'm, I'm here in my house.
We have AC, but I don't turn it on.
I'm like, and I got like, I got six monitors in my, in my, on my computer.
Like I got my, I got my TV hooked up my computer, my laptop screen, and then four additional monitors.
And with all the electricity, my, my room is like an oven and I don't turn the AC.
I'm just here with like shirtless.
And I'm about to go downstairs and have a hot soup.
Dude, that's a legendary, bro.
Me and my, me and my roommate in college ran a Plex server from our dorm room.
And that shit would get fucking ridiculously hot too.
It was, oh my God.
It's crazy how much heat you can get, how much money you can save on heating actually.
Running big servers.
There you go.
I mean, you're still spending the money.
Yeah.
But, uh.
Yeah, but at least you're getting utility.
Yeah, yeah, yeah, yeah.
It's like a hundred percent efficiency.
It either goes to powering the things you want it to power or, or, or heat your, your house.
So it's like, it's all, yeah, it's perfect.
Exactly.
What's good, Dylan?
Yo, what up, man?
Great to have you.
How are you doing today?
I'm good, man.
I'm on a walk right now.
And things are good.
Awesome.
Enjoy your walk.
Digi, how you doing?
Yo, what is happening, Cubsie?
My brother.
What's going on?
Chilling today, man.
How about you?
Yeah, bro.
Just getting, getting stuff ready.
It's kind of cold here.
Obviously not the cold that you guys experience in certain parts of the world.
But it's kind of cold, dude.
And I'm not, I'm not loving it right now.
And yeah, I don't have, I don't have that, that luxury of having 37 monitors and 400
PCs to keep my room warm.
Because even if I did, you know, the, the power situation would, bro, it'd still be cold.
So yeah, we, we're packing the bags and we're heading, we're heading up north.
We're heading to the Europe in, what is, in four or five days to escape this South African
winter.
So yeah, dude, I'm excited.
Yo, have a great trip, bro.
C, how you doing?
Hola, como esta?
All is good in the world.
Um, I, I, I, I was going to say something and I forgot, but I think the gist of it is
all is good.
I'm so happy that it's the weekend.
I'm happy that I remember that it's the weekend.
This is like a rare occurrence in my life because I usually kind of mix up the days and like,
you know, Mondays kind of meld into, to Sundays and Thursdays become Tuesdays.
And I just, I don't know where I am most of the days.
Um, so it's kind of cool to know that the weekend is coming up.
Wait, we are in the weekend, correct?
This is the weekend.
Yes.
Yeah, we've made it.
Fantastic.
Good.
Good.
And I'm happy to be here with you guys.
Always a pleasure to have you with us.
Hey, Danny, how you doing?
Yeah, man.
I'm good.
I'm good.
I'm at a dog park.
Awesome.
Enjoy.
All right.
We can probably jump into the primes now.
Do you want to give us some info on the project?
Yeah, bro.
Thanks for having us.
Appreciate it.
Um, yeah.
So my name is Gatto.
Um, I'm on the core team for the primes.
So I just work in the marketing and, uh, growth development department.
Um, so yeah, the primes are a utility centric PFD collection.
So we're focused on building top solutions and day one tools, the holders through our platform.
So some of these are going to include our bet cord bot, uh, which is used for PVP betting
games, uh, such as horse racing is one we have going on in our discord right now.
Um, our boutique casino suite, which is just a small piece of the platform.
Um, and then our most exciting things like our multi multi-chain raffle aggregator, um, and
our amplified lending protocols.
So these are all going to be public to anybody that wants to get onto the platform.
Um, but obviously our holders will have access to premium utilities and perks that won't
be available for non holders.
So that's a quick TLDR, bro.
Okay.
Awesome.
Um, what would you say is like the main utility that you guys are focusing on building?
Cause all these, uh, multiple kind of would be hard to build out all at once.
Yeah.
So I think like that's, that's a big thing as well, right?
Is there, there's a lot going on.
Um, and, and personally for me, like if I'm looking at a project and a project saying like,
we're doing this, we're doing that, we're doing that, um, I get a little nervous, right?
Um, but this are all things that are going to be put out and built on this platform premium.
So we want to make sure that like, it's really important to us that all these things are out
before mint, um, and people have access to this, right?
So that there's no, um, empty promises, I think happens a lot of times in projects.
So, so right now we're kind of building things out one by one.
So, um, the backcord bot is fully going.
Um, this is going to be able to be invited to any server.
Um, our boutique casino suite is up and going.
Um, there's just a couple more games that we're going to be implementing within the coming
weeks.
Um, and then the multi-chain raffle aggregator is an important one, uh, that we're working
on next.
So, so that one's up and going, um, in our beta stage.
So what it does really is it's an aggregator obviously.
So it's pulling from FFF and Monet, um, the top trending raffles, uh, with the best odds
for, uh, people joining on the platform.
Um, and then after that, we're going to be looking into launching the amplified lending
protocol.
Could you give us a little bit more detail on the amplified lending protocol and what you
mean by amplified?
Um, yeah, so we're not, we're not trying to create smart contracts, right?
We're solely focusing on amplifying, enhancing, and introducing features and functionalities
that don't exist currently on, uh, other platforms.
Right.
For example, automation, semi-automation, bulking, revoking offers.
Um, the micro macro goal is to allow people with large capital to be able to utilize their
funds with ease, right?
Okay.
Got it.
What, what would you say, I guess, is your main competition in this, in this, uh, field?
Um, I would, I would say like a really good project that's, I mean, doing something like
this is lender labs, right?
Like, yeah, that, that's the one that came to mind.
Um, when you started with the, uh, I guess it makes sense.
This is a good vertical to explore, but so what, what kind of a volume have you been seeing
pre-ment from these, um, from this lending?
Yeah.
So the lending and the, uh, raffle aggregator are not fully launched on the platform yet.
So this will be coming in the next week or two.
Okay.
Got it.
Uh, what's live that, that people are using now?
Uh, so right now what's live is our bet cord bought and the, uh, boutique casino suite.
Okay.
And then, so what, what would be like the main differentiator from, from you and lender labs
for the, for the lending?
Um, I don't know if there's like a complete differentiator.
But like, we're looking at focusing on different functionalities.
Right.
And I think like, this is something we're kind of building as we go as well.
So like the team, we have in-house devs and they're really good at pivoting in the market.
Um, and so like, while like the platform may be something similar to, uh, what lender labs
are doing, um, we're always kind of looking to build out different things for this aspect
as well.
Um, but not as a main utility.
Right.
Awesome.
Okay.
Yeah.
I think also if you take into account, um, community feedback and, and what your people
that are testing the product really want that, that would help a lot.
Uh, we got some hands.
Go ahead, Dave.
And then Danny and then orange.
Yeah.
Can you tell us more about the, the, the discord, um, bot that you've built for, for
bidding?
Yeah, of course, bro.
So, um, yeah, this is actually really exciting.
I've been loving this.
So, um, right now the, the game that we have going is a horse racing bot.
Um, so within the next few days here, we'll have it able to be able to invite it to any
server.
Um, so it can hold up to, I believe 30, about 30 people.
So we've been running like 0.05 bets on it right now.
Um, and so it's going to provide a link.
Once you press click bet, um, you'll obviously connect your phantom wallet, bet your 0.05.
And then at the end of the game, winner takes the pool.
So, um, how this is going to work is it's not going to be, uh, any costs for projects
to invite this to the server.
Um, but what we'll do is we'll take a 4% of the pot, right?
So say the pot ends up being one soul.
We're going to take 0.04 and the winner of the pot takes the 0.9 cents.
Got it.
So, so sorry.
What was the, uh, can you say that again?
What percentage are you guys taking?
Uh, we're taking 4%.
Okay, cool.
All right.
Awesome.
Go ahead, Danny.
I was going to ask you, um, a lot of the, the talk in town is that with the current market,
the, the ecosystem that we have is fairly small, right?
I expect that to grow when it gets bigger, but how do you plan to monetize this?
Because, you know, unless you have massive volume, it's going to be hard to get significant,
you know, monetary return from that.
And also on your lending protocol, I have the same question for lender labs, last space
I had with them.
How do you monetize that?
Right, so I think the biggest thing with our platform and how we're going to create volume
isn't through like one specific, um, item, right?
Like I think like where we can kind of do this different is this is like a tech centric
key collection.
So the goal is to build a community around this, right?
That is interested in these kinds of, uh, tools and solutions.
So not, not only is it not just about, um, bringing people to the specific amplified lending,
but, but it's the people that are interested in raffles, right?
And interested in, uh, interested in PVP betting games and all that kind of stuff, right?
Yeah, yeah.
The product will work for sure.
I think there's a definite use for that.
The question I have is how, how do you sustain your, your project?
Because monetization of it, it's going to be difficult.
Sorry, Danny, I just got a call, dude.
Can you, can you say that again, man?
Oh, don't worry.
Don't worry.
No, I said that.
I think your, your, your product is going to be absolutely used.
I mean, it has, there's a need for it.
And I think people will, will always find aggregators useful, right?
Um, it makes our life easier.
The question I had was, um, same question I had for Lender Labs.
I, I, I don't see how it's possible to monetize, uh, you know, aggregators.
It's very difficult unless you start, you, we've seen this in the marketplaces, right?
Um, aggregators are, have a hard time to, to make money unless they create their own, uh, offerings themselves.
Right.
Kind of like what Tensor did.
So, you know, just, you know, kind of, uh, jumping the gun here and asking you, well, how are you going to monetize your, your amplified aggregator?
I mean, unless you take a cut, how do you do it?
Right.
And, and honestly, man, I don't, I don't know if I have a good answer for that.
Um, I, I joined the team about three weeks ago.
Um, and I'm part of the core team and, and we're kind of looking as we go.
So we're trying to build as we go and take this kind of information in.
So I can definitely get an answer for you, bro.
Um, but, uh, yeah, give me a minute here.
I appreciate it.
I know.
I appreciate it.
Don't worry.
Thanks.
Thank you, Danny.
Go ahead, Orange.
Thanks, Omi.
So I'm just curious.
I understand the product.
I think it's cool.
Are you guys positioning like as just a firm bringing this product product, like as a spearhead
to market, or are you guys trying to position as more of like a dev firm that's going to
be trying to exploit different niches as they pop up in the market?
Yeah, I think, I think you hit the nail on the head, Orange, honestly, like that, that's
kind of what it is.
Right.
And we, we look to bring these kinds of things, um, to other projects as well.
Right.
Like we want the, uh, casino suite to be accessible.
We want the PVP betting games to be accessible.
Um, so yeah, no, 100% of that.
Go ahead, Benny.
Yeah, I know, um, when poker was really big in discord, there's some servers that were having
issues with it breaking discord TOS because I'm pretty sure it's against like their rules
to gamble on, on their app, but obviously that hasn't stopped communities from doing that.
Is that a concern for you guys at all?
Uh, no, we use, we use like an off payment.
Um, so there's, there's no, uh, there's no issues there.
Um, Hey, go ahead, shake.
And then Dave, Hey, sorry, I was late.
And so I, I might've heard miss what you said, but with, with the lending aggregator, that
is that just, that's like a, a piece of what you guys are offering and the focus is as a
studio, correct?
As being a tech studio.
Yes.
Yeah, exactly.
Okay.
Okay.
Um, nevermind then my question does not apply.
Go ahead, Dave.
Yeah.
I just wanted to like share, um, my concerns in general and it's, you know, it's, it's
really hard to, um, to judge, uh, these things.
So, you know, everyone take this with a grain of salt.
I've gotten some flags from this before, but like my main, um, like when I hear about these
dev focused product, um, teams that are trying to build out a whole bunch of products at the
same time, it's always, it's always a little scary to me.
And that's because you have like Lander Labs that are, is fully focused on building up
one thing and doing it and doing it perfectly.
And it's really hard to compete when you're trying to do multiple things.
I mean, I think this is what famous foxes is finding with, with citrus, right?
Where Sharky and there's, there's so much that goes into it, right?
It's not just building on a platform.
It's marketing it.
It's making sure you have the liquidity, uh, uh, but you know, the, the market makers,
liquidity coming through all of this stuff really requires a lot of focus to, to, to,
to get these things, uh, done right.
And so, um, yeah, I just wanted to, it's always a little, uh, makes me a little like
uneasy when, when teams are trying to, uh, to, to build out so many things.
Um, is there any way you can, can speak to that?
And again, I know it's like some teams have done it well.
There's, you know, I mean, you look at like a general monkey on, on dandies.
They're doing a great job.
Um, I don't know if world tools, uh, I know there was some issues.
I don't know if the main dev is back there or what happened there, but they were doing
at least a great job, uh, for, for a lot of the time.
So, you know, it's, it really is a team to team thing, but it certainly is something
that, um, like is kind of a flag to me, to be honest.
So maybe if you could just speak to that, uh, in any way.
Yeah, man, no, I think that's a valid concern.
And like, that's something we've talked about as well.
Right.
It's like, it's important that like, we're able to show what we can do pre mint.
Right.
Um, because it is super hard to believe, um, in projects or people that are, that are
doing a lot of things at once.
Um, so I think that's just something ultimately like we have to prove, right.
That's something that, um, is going to come before mint.
Obviously we're not planning on minting, um, for about a month, month and a half for like
a soft date here.
Um, so yeah, man, that, that's something we got to prove that we can do.
Right.
Yeah, for sure.
I, I hear you.
And, uh, yeah, I wish you all the best and, you know, I don't want to, you know, not trying
to throw any fud there.
Just, uh, the things that are on my mind.
Go ahead, Dylan.
Yeah.
I'd like to jump in.
Uh, I just want to echo what Dave said.
I think, I think you guys would be better served really dialing in on one product, executing
that and, and, and then offering other things later on.
So I think in this market, it's kind of winner takes all people like for the longest time
magic, even control 90% of the volume, famous foxes controls most, the raffle volume, like
everything kind of gets centralized.
So if you're offering a bunch of different products, you'll probably fall in until the
long tail where there's really not that much volume just because the market's so small.
So I think what Dave advised you is, uh, sound.
Word.
I appreciate that, man.
And then that's great.
And that's why we want to come on these spaces, right?
Is that we've got a ton of ideas, obviously, and, uh, we have some really cracked devs
in the background.
Um, but it's important to get this kind of feedback, right?
And then decide kind of where we go from there and what we put our focus on.
So no, I appreciate that.
Go ahead, Jake.
Um, I was also going to echo, echo the point of, uh, Dave and, uh, Dylan, like, and I just
wanted to add that, like, I fucked this up myself so bad.
So I'm not even coming at it from an angle of like, Oh, like, you know, I don't even like
to think that I'm like judging like these collections and stuff that come up here.
But it just like to share my own experience about it, it was a huge mistake basically
that we tried to do too many things and like, we just lost so much money.
We lost attention in that.
We lost time in that whole process.
And like, if you, yeah, if you just make one thing that's useful, it, that's all you
have to do.
Like, I mean, you know, look at wise whales and you're in, you're better than, you're
better than 90%.
Exactly.
Make one thing useful.
You're, you know, you're, you're, you're doing well.
Yeah.
Like, and, oh, I, oh, I don't know if you're saying that to me, but the, like, the other
thing I was going to add to is like, uh, running an NFT community is like its own thing in itself.
You know, like that, I mean, I'm sure you could ask Dylan who has like a boutique community.
It's a fucking full-time job that you need like a team for.
And, and so if you have that, plus you're trying to run an agency business, that's building
like a bunch of products too, because it's, I don't know.
It just, it's, it's honestly like confusing as me, for me as a buyer, who's like a potential
buyer of your project, like what's going on here?
You know, like what's the, can you, is it even, can we get, can we get like a one-liner
intro that just, you know, hooks you in?
But again, I, I don't, I'm not like, I hope, I don't want to sound like I'm shitting on you.
I literally made all these mistakes like myself, you know?
So, yeah.
Go ahead, C.
So like, I actually, it's funny because I feel like we're all echoing out of each other.
You can like this, this, this line, but you know, I, I feel like, and I totally understand
what, when, when you have a project and you, and it seems like you really want to do good
for the space, right?
And you want, you, you come in here and it's like, listen, we have all these amazing products,
all these amazing features.
And, and you want to prove to the market that you're, that you have a good project, but in
doing so, um, and when you, when you're trying to prove so hard, you actually end up doing
the opposite, right?
Because you end up losing focus.
Um, when I look, so I, I just went to your Twitter, I went, I went to, to the webpage and
I'm, I'm, I'm not going to lie.
I'm a bit confused at what, what it exactly the objective here is.
And I, as a consumer, um, as like the average consumer, I'm like, I think, I feel like I represent
a very average consumer, right?
Uh, I should be able to, to very quickly understand what your product is and very quickly be
drawn to why I should buy into your project, right?
Like, I mean, let's, let's understand that like the average, uh, attention span of everyone
right now is very limited and we're competing in a, in a, the attention economy.
Um, and people just don't have that much attention and they just don't give a shit.
Right.
I'm so sorry, but that's just the, the, the, the, the truth, the very hard truth.
Um, so I, and I know that again, this is not me trying to be an asshole because I know
that, that you have the best intentions, but I think like everyone said, pick one thing,
pick one thing, be really good at it, be the best in the fucking market, do something that
no one else is doing like, um, and, and then just, just like surpass everyone, uh, make the
user experience frictionless.
If you're a tech, make whatever it is that you're doing, pick one thing that no one else
is doing it, make that, that user experience amazing.
Um, and just focus on that.
And I guarantee you, people are going to just like flock to it.
You don't have to put out a million, a million different products all at the same time.
You just have to put one good product, just one good product with a really amazing user
experience and then like, make it make sense with the PFP.
So like with PFP, why are you doing a PFP?
Do you want to do a raise?
Um, are you building a community?
Like there has to be a reason for the PFP.
Like, um, I'm, I'm, I'm a little bit confused as to, to what, so if you can like from, from
a marketing perspective and a communications perspective, you have to be able to tell that
story and that story has to be clear, right?
Okay.
We're doing this because we're wanting to like, we want the community to be represented
within these PFPs or where, you know, like, um, you know, whatever it is that you're doing,
like it needs to be very, very clear, very simple.
Like explain it to me.
Like I'm eight, you know, I want, I want to go into your Twitter.
I want to go into your webpage and I want to understand what you're doing.
Like I'm an eight year old and, um, and fall in love with everything that you're doing.
And I think you can do it.
I just think like just, if you just hone into that focus, you'll be, you'll be golden.
Word.
I know I appreciate your empathy.
Um, and yeah, maybe that's something like we need to look at further, right?
Is maybe we start pushing out these main things like our raffle aggregator or lending, uh,
on the platform a lot sooner, right?
And so that, uh, these things are getting utilized and you can tell exactly what our focus is.
Um, but yeah, for a PFP, like we're, we are really trying to build like a community around this.
Um, and, and that's why we're going with the PFP.
Go ahead, Dylan.
Yeah.
You know why PFP projects do well and utility tech projects don't do well?
It's because people have eight, you have eight seconds to make your pitch and a PFP pitch
is super easy to make in eight seconds.
Tech stuff is not easy.
So it's not impossible.
It's just difficult.
Exactly.
Attention economy.
Just like try to simplify it.
If you can simplify it, one product, choose one of, so you have three products, choose one
of your products to highlight.
And just focus on that.
I think that, I mean, that would be what I would do.
Go ahead, Digi.
Yeah, absolutely.
I'm not going to, I'm not going to echo for the, for the seventh time here.
Uh, but based, based on what everyone has just kind of said to you, if you had to give
your pitch again with, with kind of all this feedback in, in mind and focused, like focused
on one thing that you want to do, you know, extraordinary at how, how would you, how would
you give that pitch again?
Um, yeah, so I think like, I think the idea around the room is, is pretty like where everybody's
on the same page.
So I really appreciate that kind of input.
Um, and I think, yeah, I think we would focus more on one thing, right?
I mean, it's, it's, it's obvious that, uh, that's kind of a good way to capitalize, right?
Is, is really focusing on, uh, the best thing that you're good at.
Um, and I think maybe that's between the raffle aggregator and the lending protocol, right?
So, so maybe we focus on, on one of those more.
Raffle aggregator.
I think, you know, raffles are still a thing.
There's still a few platforms out there.
I see the utility for raffle aggregator and just it, we, you, you can just present that.
And then when, when the, when we're digging in, you can mention the other things, but
you know, as a, like, um, you know, in your pitch in the one minute pitch, when you're
coming up, it's like raffle aggregator, aggregator, here's what we're doing.
Here's why we're going to crush it.
And then, um, you can also say, look, we're a crack dead team.
We can build out solutions.
We're building out a lending aggregator and stuff as well, but this is our main focus,
the raffle aggregator.
That way it's like, um, the, the, the messaging is just a little more clear, but I, you know,
um, I just want to also, you know, uh, play devil advocate here and say, there is, you
know, I, I do appreciate the other side of things.
Just when you're trying to pull a B2B business and that's the main thing that you're doing,
you want to be able to build out a whole bunch of tools.
And so it's just a tougher sell when you go down that road.
Right.
But, uh, yeah, go, go ahead, Seb.
Sorry.
How's it?
How's it guys?
Um, no, I was going to say, and Charlotte, it's got her behind the account.
Hey, yes, sir.
What up, Sebby?
Hey, what's up, brother?
What's up?
What's up?
Um, no, I think I, I think I agree with the raffle, uh, aggregate.
I think that's pretty cool.
Haven't seen that.
I mean, out of interest, how many raffle sites are there?
I mean, I can only think of two, which is like famous Fox.
And then, um, well, like, you know, that's not like a project, just a naturally just a project
based, you know, raffle system for their own community.
But how many are there of these kind of raffle sites other than famous Fox?
And I think the other one is the one by the stoned ape crew, is it not?
Yeah, it's Monet.
Okay.
So, so is it, okay.
So is it basically only those two?
I mean, it could be kind of cool for you guys to aggregate these and then maybe look into
your own raffle solution.
Cause if you guys get enough eyes on your platform, like using the other ones, like maybe you
can reiterate what they've done and maybe add some more gamification to it or make it
a little bit, I don't know, funner.
And then people kind of get on your platform, they use the other ones and then they also
get marketed your one.
So that could be kind of cool as well.
Go ahead, Danny.
I actually don't want to be an asshole, but like, you know, I tend to be sometimes, um,
a raffle aggregator makes no sense because you can't monetize it.
So, you know, if I'm Dylan, something now, Dylan, jump in if you want to speak up, but
I think what you said that caught my eye is, you know, what gives you the biggest odds?
What gives you the better odds?
I don't know how you can do it.
I don't really participate that much in raffles, but don't forget guys, creating things just
to create things is not going to make a business successful.
And if you make something that sounds good marketing wise, but at the end of the day,
it doesn't allow you to sustain your business because you can't make money of it.
It's a lost cause in six months anyways.
So I think about that.
I think everybody should be more critical to make things that actually allow them to
sustain their business because otherwise in six months, it's finished.
Agato, what is the market split look like between famous Fox and Lone?
Let me just chime in here and say there's, there's, there are other smaller platforms as well.
And I know like bunny bites is building a gamified, uh, raffle.
I'm trying to push that pretty aggressively.
And, uh, there are also other, you know, smaller solutions as well.
So I think it's a little bigger than, than the two, especially when you look at, you know,
um, you know, communities trying to run their own raffles, uh, you know, through, through,
um, through their site.
So maybe you could speak to it if you, if you know the answer to, to this though.
Um, yeah, I mean, I think building out, um, raffles on our platform is, is going to be
in the works as well.
I think that's super important, especially if, if we are focusing on the aggregator aspect,
right?
That's one way to monetize.
I would think also if you offer to the communities that want to have their own raffles, kind of
like a white label and take a small percentage from each, you know, that they do with their
community, you know, that could be another, another way.
Uh, go ahead, C.
All right.
So I, I am not very familiar with the whole raffle space.
Uh, I have a couple of questions and maybe some of you can help me and then I can maybe come
to a conclusion.
So question number one, um, I have a feeling that this raffle space, right?
People asking for raffles.
I feel like it's, it's, it's a space where with a, with a lot of attention, right?
I feel like people participate in raffles quite a bit, or am I incorrect?
Anyone?
I think it kind of eds and flows.
Yeah.
And, uh, but overall I think it's, it's, it's fairly, there is a decent amount of volume
for sure.
I mean, famous facts, the foxes make a huge amount of money from raffles.
And so there's always competitors coming in and trying to, to, to, to take away, um, market
share.
And Monet is doing a decent job, uh, as well.
Okay.
So, so I feel like the, I mean, for there to be a, an aggregator, that means that there
is some sort of friction and, and, and, and, and trying to understand how to navigate through
this raffle raffling systems.
And they're kind of all over the place.
And it would be just nice to have a place where you can just, you know, find the best
raffles.
Correct.
This is why we have the solution.
Yes.
Okay.
So I feel like if, if you have a platform, um, I, you know, to, to, to Danny's question,
how to monetize something like that.
I think if you have a platform that has a lot of attention, um, and this is something that
maybe we can all kind of discuss, um, that I don't, I don't see a lot being discussed
a lot, which is ad space, because if you have a, um, a platform with a lot of attention,
right.
A platform with a lot of user stickiness, uh, that people go to a lot, um, with, I don't
know, I, I wouldn't know KPIs for, for this, but I would assume that there's a lot of value
in, in that.
I would assume that there's quite a bit of value in, in, in, in ad space.
So that, that by itself, I mean, like, again, I, I look at it from a market.
Point of view.
And if you can have a website, if you can have a place with an amazing user stickiness,
where you just have users that are constantly coming into your space and they are loyal to
you and they're coming in every day, you have right there, um, something incredibly valuable
from, from an ad perspective.
Um, and that, that is, uh, that, that is a potential, uh, potential source of revenue
in itself that obviously would not be, uh, the, probably the, the, the source of revenue
that it's been explored in, in web three.
But, um, I don't, I feel like this is something that should be explored in general.
I think it'll come with the maturity of the space.
Um, I don't, I don't know if we're necessarily there yet, but it would be cool to see somebody
attempt it.
Uh, go ahead, Dave.
Yeah.
I mean, yeah, I think, uh, for sure that that's a, that's a thing, but I mean, the number
of users is fairly limited and the way you're advertising is really just to, to web three
to web three.
I don't know if it's, uh, you know, that, that's a small thing that, that, that'll help.
I just don't, I don't think it'll kind of be enough revenue to sustain it yourself.
But to Danny's point, and to me, you know, we're trying to, we're trying to build this,
this, um, this business model for these guys right now.
It's pretty funny, but, um, I think the, the raffle doesn't necessarily need to make money.
It can just be to showcase, you know, it depends what their business, um, model is, if it is
to build B2B solutions and, and be, you know, uh, be there to actually, you know, as a development
firm, being able to showcase what you can do by building out a raffle, uh, aggregator
and millennial aggregator, it doesn't make sense.
Um, you know, so I think one way to go about this is to kind of, as a marketing pitch, you
say your development team, we're doing B2B solutions and we're, we're building on some
products, um, and, but just focus on the raffle aggregator as you're, you know, as you're
doing this for the marketing and, um, you know, the revenue can be just from, from the
development side and you can, you can say that as well.
Um, but it's, it's tricky.
And so you really need to think about how to present it in a, in a, in a, in the best
way possible, but yeah, I don't know.
I think maybe we're beating a dead horse at this point in time going over, going over
this again.
Sorry, would this be like B2B, uh, B2B2C?
Is this like kind of the business model that, that, uh, you guys would be looking for?
Sorry, you'll have to explain to me what B2B2C is.
So business to business and then to consumer.
Okay.
Yeah.
So like primarily, so like, are you primarily like trying to build something for, for, for
a business, right?
So are you B2B and then, and then to consumer, um, or is that, is that, is that, is that,
would you primarily, are you more concerned with like, okay, building tech solutions so
that you can be more B2B?
Um, yeah, I think more B2B to consumer, right?
Okay.
So yeah, I mean that, that makes more sense.
Even so creative, an amazing product that has a lot of attention because I mean, let's,
let's be honest, um, businesses, uh, will bet on you if they see that products are popular
and products are successful, uh, create a very successful project.
Um, I think, in, I think that would be, that's, that's even, even if, if the raffling system
doesn't initially give you money, which I'm sure that you can find, you seem like very creative
people, you can find a way to initially monetize it.
Um, creating is, creating a good product is always going to be beneficial.
Um, you, if you have a good product that is popular and successful with, uh,
amazing, uh, stickiness, then, um, then it makes total sense, but you have to stick to
one.
Go ahead, Dylan.
Um, I'm sorry, maybe I didn't catch this, but what is the supply of your collection?
Got it.
Uh, it's 7,777.
Okay.
So it's larger supply.
I was going to say the B2B and the B2B2C stuff, it works, but only with, with low supply
collections.
Like world tools is a great example.
Um, you know, it's interesting.
You don't necessarily get more marketing out of having a vastly larger supply collection.
Um, the same people are going to be fighting over the spots, even if it's smaller and then
you'll have less of a headache dealing with the community post mint.
Um, you know, I don't know if you're doing like rev share or whatever, but you'll, you
know, you don't have to disperse as much to your holders.
Like, I think that when you're building tech in general, I think it favors you to have a
smaller supply, even if that means you have to raise the price.
Absolutely, Dylan.
I agree with you.
Um, you know, that, that raising price can show that, uh, you know, you're confident in
your product.
Um, go ahead, Digi.
Yeah.
So, I mean, I just wanted to, wanted to pop up here and say, like, obviously the, the people
on this panel are, are a pretty good representation of the market, you know, kind of a higher level.
Um, but what is, what has been the, the kind of community feedback that, that you, that
you have gotten from people that are interested thus far?
Um, cause obviously we, we've heard, we've heard a lot of opinions here, um, in, in this
space.
Uh, but, but honestly, like what is, what has been the kind of the average market participant?
What, what did they think of you?
Yeah, ultimately, like the, most of the feedback that I've gotten has been super positive towards,
um, things like the raffle aggregator and the PVP betting, right?
I think like a lot of people are kind of looking for, um, stuff to do right now in the spare
market.
Um, and it brings kind of a fun way, um, to be involved in the platform, right?
Yeah.
What, 100% because, you know, kind of just based off of what, what Dylan was saying with
regards to, um, you know, your supply and things of that nature.
Um, I know, I know you had stated previously that, that, you know, you want, you want to
kind of build this community around, you know, the, the tech offerings, um, that, that you
are putting together, but yeah, uh, similar to what Dylan said, you know, bigger, bigger
is not always better.
Um, I think it's very, you know, circumstantial.
Um, so yeah, I mean, just, just, just keep those, keep those things in mind when, when,
you know, you're gearing up for this, you know, sometimes, sometimes less is more.
Okay.
That's awesome, man.
I appreciate that feedback guys.
Go ahead, Jen, and then we'll move on to, uh, seven, talk a little bit about face labs.
Hey, Hey, Hey, um, it's been a while since I've been back here.
I'm glad to be here with all of you legends on the stage.
Uh, primes is the first time to hear about you.
Um, I'm, I'm personally just curious on the very simple stuff, right?
Like the, you, uh, said that you're a tech centric, a PFP collection is, is there like a anywhere
where I can look at the actual PFP or is, is, are, are they just going to be those claws
there?
I'm guessing they're going to be some sort of cute animal that you're trying to move
towards.
Just curious.
Yeah, man.
So, so yeah, the art is actually done.
Um, and we're looking at, um, I want to say, I don't want to give a specific date, but we're
looking at, uh, pretty soon, uh, to be launching some sneak peeks here.
All right.
And, uh, perhaps can you just, uh, elaborate on the process of curating this type of art and
why you chose this and the color palettes?
Yeah.
So I think the art is like very vibrant, um, and it definitely is like eye catching.
And so we kind of tried to go with that kind of aspect, um, especially with it being so
like tech centric, right?
We really want the PFPs to pop, um, and have people interested in the, the art of the collection
as well.
Right.
Is there going to be, uh, anything like, uh, I guess that applies tech towards the actual
art?
Are there like, is, is that to be expected that perhaps you do some, you know, uh, uh,
trade updates or, you know, some, uh, very simple stuff that just involves like your side
of tech that applies changes to the PFP, uh, uh, itself.
Yes.
There's, there's some gamified stuff in the works, um, that I won't announce right now, but
it'll be coming in the coming weeks here.
All right.
And, uh, when are you planning to, uh, do your mint?
Uh, so we're looking at about a month, month and a half, either end of June or, uh, early
July, I think.
Awesome.
And did you guys walk in the launch pad yet?
I'm just, uh, curious to try and get the fundamentals out.
Yeah, we're, we're in talks with a couple of different launch pads right now.
Um, we, but we haven't, uh, selected one specifically.
All right.
All right.
And, um, last one, uh, could you kind of like maybe share a bit of your background and
well, where you guys came from prior to building this?
Yeah, of course.
Um, so the team has actually been in the space for quite a while.
Um, and the founder is, uh, uh, owner of a gaming company.
Um, so this gaming company has been, uh, in the works and doing its thing for five plus
years.
Um, and so about two years ago, um, they decided to kind of enter the web three ecosystem and
kind of, and kind of build on here a little bit.
All right.
Um, thanks man.
Thanks guys.
Awesome.
Thank you for the time.
Thank you for answering the questions.
I appreciate it.
Uh, Seb, you want to give us some info on, uh, on face?
Yo, what's up?
What's up?
What's up everyone?
Um, so yeah, none of you are any strangers to, to knowing me.
So I'm stoked to be up here and chatting with everyone, but yeah, I guess I'll just kind
of give it a little bit of an overview of phase labs and, you know, maybe a little bit
of history.
Um, basically I'm sure you guys remember when we did the whole entire like slash PFP campaign
thing, where everyone put like the slashes on their PFPs and stuff.
Um, which was about, I don't know, it's almost like a year ago now that we got together basically
was, um, you know, me, Sock Omega from, uh, from Helium, uh, Devour, Dead Monkey, Slog,
um, from, uh, uh, Soul Slugs.
We've got Kimo as well from Bears Reloaded.
Uh, Professor Mint is our developer.
Um, we've got a few other team members on board as well.
We're quite a, we're quite a large team.
Um, hi Adam as well.
One of our front end devs, Investor Future, one of our marketing guys, Dan, uh, uh, the
founder of, uh, um, uh, Evos and also, uh, an avid dead king.
Um, but yeah, just a really, really solid group of people that got together about a year
ago with the drive or the goal to build technology to help better and push the space forward.
Um, obviously our first product phase protocol, uh, was what we developed quite a while ago,
um, uh, which is basically escrow, uh, service based on milestones.
So a project would create a roadmap, uh, phase one, phase two, phase three, whatnot.
Um, and then on Mintout, these funds would be put into these different phase vaults,
uh, locked up and basically on completion of, uh, these roadmap sections or deliverables,
um, you know, community would then vote and the next phase of funding would be, would be released.
And that's a very low level overview of the product.
And then obviously, um, also Align is our second, uh, our second tool or platform,
which is basically a, basically a mini version of, of phase protocol and is a, um, a DAO voting tool
or basically, um, gives communities much like realms where you can vote with tokens, uh,
on Align, you vote with NFTs.
Um, and we have XP on chain XP systems to allow people to actually gain XP for participating,
which can increase their reputation.
So they have higher voting weights, which is a very important aspect.
Um, but overall, just giving you an idea of the types of things that we build.
And basically, yeah, we've, we've been self-funded from the beginning.
We've placed in a couple of hackathons over the last year.
Uh, we placed third in Magic Eden's, uh, hackathon, uh, for Align.
Fourth place in the Grizzlython dial track for Align as well.
And then, uh, beta of Align won fifth place in Riptide's, uh, dial track as well.
And this is basically how we funded ourselves over the last year.
Um, really just, really just have a drive to, to, to improve, um, uh, the space and improve
Solana.
Um, and yeah, we're just looking to really kind of push Align and, um, get this product
into as many dials as possible and to many groups as possible.
Um, and just, you know, really start to give projects, not only the power to weaponize their
community, but the community also do things to help improve the project or, you know, take
action and actually get, you know, paid for doing so.
Uh, but again, I think, uh, I'll start off with some questions.
I see Dylan's got his hands up, um, and we can kind of delve deeper into, into the rest
of it.
Phil, what's up my brother?
What's up, man?
How's your mustache doing?
Uh, it's great.
It's thicker than ever.
Good to hear.
Uh, I have a question.
Can you give me an example of like a successful dial voting tool, whether it's on Sol or another
chain?
Um, so the obvious one on Sol would be, I guess, realms, um, but again, also has its
fair share of problems.
Um, we even spoke to, uh, redacted Jay, um, in, in New York and he's basically wrote SBL
governance on Solana and helped, you know, write up realms and, and even, even he thinks
that there's some issues that could be improved on.
And I think we've done that with Align.
Um, other than that, um, I can't really think of many others on, on, on Solana other
than, other than realms.
Um, to be honest, I know that that's, uh, Aptos has some, has a tool as well for, for
voting, which is also kind of very bare bones.
Um, I don't, I don't remember the name right now, but basically, um, Align is like taking
these tools very much like realms.
I just use that as an easy base example and just really building on top of that and, and
kind of diversifying the, uh, the kind of optionality of that tool.
But yeah, I would say realms is, is what comes to mind.
Got it.
Yeah.
I think, I think the key to success here is building a good case study.
Uh, I think, I think everything you're doing makes a ton of sense.
I just think until people see it work, people just don't really care.
I mean, like we mentioned before, like the attention spans like eight seconds and usually
when people vote on things, they vote selfishly rather than for the good of the project.
But I do think, you know, if you're building a case study and show, Hey, like this is really
helping the project, it's extending runway, it's aligning incentives for the team and,
and the community, and then, you know, other people will be more inclined to use it.
So you'll get there.
No, a hundred percent.
I completely agree.
And I think, um, you know, I'll just put up a thread here so you can kind of go over
Align because I mean, Align's kind of becoming our, our flagship product.
I think FaZe is a phenomenal product and it's really given us a lot of, you know, um, uh, you
know, info or knowledge to help build out Align better.
I think of Align as like our pop song.
Like it's the little bit more kind of easily, um, uh, digestible platform.
It's not like you holding up all your funds.
It's the project puts like a portion of funds in, gets locked up.
Um, and then basically that can be used for proposals on there and other communities in
and exactly like you say, though, the case study is extremely important.
And then that's what we've been looking to, to do.
We have, we have a number of communities on board currently, but the one that really stands
out at the moment, and it's kind of funny because it's not an NFT project, but we've
had to, we've, we've made some very cool changes to, to allow for the system to work as, as
it does with NFT projects, which is Bonk and Bonk has been going absolutely wild.
I mean, we've got 175 proposals.
We had 200 and something proposals within two days, which is crazy.
Um, I think also because people were trying to, uh, they thought they could farm, um, points
on there to potentially get some burn or whatnot.
But before, before they went crazy like that, there are some phenomenal proposals on there.
Really just a great case study of, of how to use the platform, um, properly, um, people
are able to, you know, create these proposals, header description, add graphics in there, you
know, what they'd like to do, how they would do it.
Um, and I think I'll give a little bit of a, a rundown of exactly how the, um, the process
works when actually creating a proposal and the stages that it goes through up until, um,
it actually gets completed or, or gets pushed through to, um, you know, the different phases.
Um, but, uh, but yeah, I think that's exactly what we're trying to do now is get that kind
of case study.
And, and bonkers definitely being one of those projects currently at the moment, we have
DJ and Dow on ghost kids.
Um, we have so dead.
Um, and we also have, uh, I forget there's one other, but I'll, I'll bring that up again,
but, uh, Oh, bears, bears loaded and, uh, and, and dead Dow, which is, um, uh, dead monkeys.
But, uh, but yeah, bonkers really taken this and run with it.
And I think is, is an incredible case study for, for this product.
Did you, I saw your hand up, my brother.
What's up?
No, yeah.
What's up?
What's up, my boy?
Uh, no, you kind of just answered the questions that I had.
I wanted to ask who you guys were partnered with, and I wanted you kind of to expand on,
on this, uh, on this kind of bonk partnership or whatever you guys have going on there, because
I think it's the most recent thing.
And I think it's the thing that's blown up the most.
So I just wanted you to expand on that a little bit.
Yeah, a hundred percent.
I mean, so basically what we did is, um, so shout out to professor Mint, uh, our lead
developer, absolute legend and G.
So what he did was is, um, he built out a new feature that basically is a really great
way for actual, we've kind of seen that there's maybe quite a nice niche here for token communities,
you know, like SPL token communities, um, for this, for this platform.
Um, we've had some interest there.
I won't say who, but, um, basically what we've done is you take a million bonk and we can
make this whatever amount we'd like, uh, and we kind of, you know, building this out
as you go along, but just, you know, in, in layman's terms, basically you take a million
bonk, you warp the bonk into a token, into an NFT, NFT token.
Uh, and basically you, you get that, that, that token in your wallet, like an NFT, you
know, it's not sellable, it's not tradable, but, um, basically this is your representative
NFT for, for bonk.
Um, and let's say for instance, I have 30 of these bonk community passes, um, basically
which gives me 30 reputation, which is 30 million bonk.
So it's a great way to lock up the supply as well.
And you can also unwarp the NFT at any point that you'd like to and get your bonk back.
Um, so basically you warp the NFT, you then sync the NFT, um, which gives you your rep on
the platform.
So basically city rep means if you upvote, it upvotes 30, if you downvote, it downvotes
Um, and basically this is how we've done it for bonk for the community to make use of,
of the platform as intended.
Um, which is just awesome.
Um, so definitely, definitely looking at more, getting more token communities on board.
I think the nice thing about that as well is that there's also so much, there's way more
people that are generally involved in a token community as opposed to a NFT project, just
because there isn't really any barrier to entry.
It's like, you can just buy one token and basically be part of that.
You know what I mean?
So, but obviously it depends on how many you need to lock up supply to then create these
NFTs to participate.
So, um, you know, there's a variable there, but, but yeah, I think it's, I think it's
really cool.
I think we're going to see a lot of use cases come out of this, um, for these token communities.
And I think it's also just showing NFT communities like, oh shit.
Okay.
This is really, really cool.
Um, so yeah, that's, that sounds, I just had to hop in and say that sounds really cool.
Being able to, um, warp, as you say, like, uh, I guess you're locking up tokens, uh, temporarily
at least turning them into NFTs for, for token communities.
That's dope.
I love that.
Yeah.
It's pretty, dude.
It's, it's awesome.
And it's like, we always make jokes.
It's like, you know, you like, you know, warping, like, you know, you're going, uh, like
hyper speed, bro.
It's like a, it's like some star Wars shit, but it's, it's, I mean, it's super, super cool.
Um, and, and we obviously just improving the platform as we, as we go along, like we've
just implemented, uh, the ability to, to also get payouts in, in, well, you can, you can
get paid out of basically in any token you'd like.
We've just incorporated burn now as well, um, into the old token 22 and also PNFTs onto
the platform.
So we're really growing and expanding it as we, as we go on.
And again, Bonk has been a really great, uh, community to really stress test and push
this, this platform.
I mean, some other cool, interesting things we're looking into as well as like, you could actually
make purchases directly off of the platform.
Um, so, uh, for instance, let's say, um, a community wants to buy NFTs or they want to
be an investment project because once the money is locked into a line, you can't just take
it out.
Like there has to, there has to be a, a, a council vote that goes through.
And maybe this is a good time for me to quickly just run through exactly from step one to step
five or whatever, how maybe a proposal would, would go through.
And then also basically like how the system works in, in, in that, in that sense.
So basically a project would create their organization.
So we'll just use Bonk as an example here.
Uh, Bonks created their, their organization.
Basically like, uh, they would need to have like a collection NFT, which would represent
the collection, uh, and tie, you know, those NFTs to it.
And then they create the organization here.
A little me, Sebi with the mustache comes on here and I go, cool.
I'm going to go warp my NFTs, uh, or warp my Bonk to get my NFTs.
Dope, sync them, got my rep.
Now I want to go create a proposal.
So I literally just go create proposal.
I'll actually quickly drop this, uh, this image up here.
Um, just so you have a little bit of a look at the interface.
Um, this is after, this is not like fully, fully fleshed out interfaces.
It's just kind of a simple simplified version, but basically you would then create a proposal.
Whatever my heading, uh, I want to create banners for the community, write up my, whatever
my, um, my talents, like why I'm good at this.
Uh, and I request that it's going to cost $250.
Cool.
So I'll put that out.
Everyone then starts voting.
Um, once it reaches a certain point after three days, generally is voting period.
Uh, it gets pushed through to the council review.
And basically the council is a group of members that have been, um, appointed by the project.
It can be the team.
It can be team and community.
It can be community, whatever it is.
But basically the council's job is to review these proposals and then vote on them, um,
and pass them or, or deny them.
Um, so let's say it goes through, they go, so it goes through from current proposals into
council review.
Cool.
Council goes, this is a dope idea.
The community likes it.
We're going to push it through to being action.
It goes to action.
Uh, then I would then go work on my little banners for the community.
Uh, and then once I've done that, I would then actually, um, uh, uh, give my work or submit
my work, they'd go, they'd have a look at it.
Oh, this is great.
He did exactly what he said he was going to do.
Looks awesome.
We love it.
I guess they could show to the community as well if they wanted to.
Um, and then basically they would then push that through and then on chain that money
would then be directly pushed through to that proposal as wallet that they've created
their profile with.
Um, so yeah, it's just like, it's, it's just, it's pretty much a no brainer.
Like I think about it.
If imagine if okay bears had implemented this straight after the mint, like I could only imagine
the amount of, and they put like, Hey guys, listen, here's $50,000 to start off with or,
or, or whatever, a hundred thousand dollars or whatever, you know?
I mean, obviously they, they're, they're a massive case of like, they raise so much
money, but you know what I mean?
I could only, I could imagine some incredible things being made by, by community members
or, or, or to push the brand.
Now you don't have to just sit and like, be like, Oh fuck, I can't do anything.
You can actually now do something and you can get paid for it.
Um, and again, obviously there are like, there are things we need to improve and make a
bit easier, maybe like, you know, how we filter out different proposals to make sure that there
isn't all this crap.
Because I mean, you know, anyone could be like, I want to get a boob job, you know, I
don't know, like it's going to be 500 million bonk.
I don't, you know what I mean?
Like anyone can put random proposals there.
Um, so we kind of, you know, figuring out how to make this a little bit more kind of like
how do we filter out certain things or that kind of thing.
But, but yeah.
She was.
Yo, I wanted to ask you a question, Seth, because you know, I'm a big fan of the line and
what it will do so, and I know it's a bit far, right?
So it's definitely not for now in the testing phase, but do you ever see an option where
a line becomes more of an open platform where essentially the IDs can be submitted and everybody
in the space can either contribute and donate and vote something up.
So more as a space as a whole, rather than just, um, community gated for, uh, you know,
projects.
I mean, that's actually a really, really good idea.
I mean, I think it, you know, in a perfect world, I could imagine two years from now
or a year from now, Solana going, Hey guys, we're going to put a massive fund together.
Um, maybe once the platform has been ironed out any kind of kinks and we've got everything
exactly how we'd like to, and you know, otherwise you're just going to get mad proposals.
But I imagine there being a universally, um, uh, accessible, a line instance that Solana puts
a bunch of money in and people can come and can, can, you know, put proposals out.
And I mean, that would be phenomenal.
I mean, I think that would be incredible.
I think we can do it.
I think we can maybe get to that stage.
I mean, like, you know, even though we're not necessarily super loud on the timeline,
like we do have, we do have NFTs.
There were free airdrop that we did to people.
Um, and they, and they, so basically if you hold a passport, you actually got a, um, uh,
a airdrop to some burn recently.
And obviously as we grow and the platform grows and, and, and our resources grow, we can
kind of bring more benefit to those, those people that bought those passes or who airdrop
those passes and just hold them.
Um, but basically everything we do is, is for the betterment of the community and for,
and for Solana, we really not here to try and like, you know, like be greedy or, or
anything like that.
Like, I think that would be phenomenal.
And I think maybe that that is something we can definitely propose in the coming months
to years.
Um, cause again, I don't see this as a short-term thing.
I think long-term that could be, that could definitely be something.
I love that idea, Shivas.
Thanks for that.
Yeah, I think it's a long-term plan, right?
But if you can get, um, uh, the entire community or at least a large, a large part of the community
that goes beyond a regular NFT collection to support an ID, you never know what kind
of ID certain entrepreneurs might come up with that might be able to, um, further build
out the tech needed or whatsoever.
Like the options become very limitless at that point.
And if you find a way to get a reward system there with Pong, for instance, if the ID succeeds
and something goes back to the contributors, man, that, that, that platform is then, um,
you know, we can push the space forward altogether.
That would be dope.
Like you don't need any projects then.
Guys, I just wanted to throw it.
I just wanted to say that I'm so, I'm so impressed, uh, uh, regularly on Shivas's ideas.
Man, just like, you should just be advising like every project.
He's always got just like the right, just like hits a nail on the head.
So just, uh, give him, give him some flowers there.
Go ahead.
Did you?
Oh, sorry.
Yeah, dude.
Pardon?
I didn't achieve us.
I mean, it is Mike.
Go ahead.
Go, Judy.
I just want to say thank you, Dave.
I'll take those flowers and I, uh, put it into my face.
But yeah, the truth is I get it.
I mean, I essentially, I get inspired by most of the people here.
And it's, it's the people that built a line for instance, and then I just see, Hey, maybe
we can do something nice with it or something extra, but it's, it's them that are putting
up the, you know, like they just built the entire car.
I just put a nice little bell on the, on the window.
That makes sense.
I know, but no, you, you have, you have good ideas on a regular basis.
So we should, we should, we should be aware of that.
Keep it up.
Yeah, dude, absolutely.
But Seb, so, you know, you kind of just spoke about a long-term goal, like having, uh, you
know, maybe the foundation putting together, you know, an instance, but now like, how are
you guys incentivizing projects or how are you, how are you bringing projects into, into
a line and, and like with regards to bond, like how did, how did that come about?
I know that's a bit different from like your, your average kind of NFT project, but you
know, uh, how, how are you bringing people in?
Like, what is, what is the selling point for, for projects?
Um, so with, with Bonk, I mean, I, I think, I don't know if I was ever messaged, I messaged
shake and Norman and we made a meeting and we got it together.
Um, I think to be honest, like it's, I think everyone sees the potential in this.
I mean, we've had, we, we've got multiple people and multiple projects that are very interested
in using this.
And it's, I mean, it's, it's, it's like a, it's a slow journey, but I think, you know,
more and more, you're going to see more and more projects make use of this again, right
now, it's really like, again, Bonk is a phenomenal community that is really helping us to really
just figure out exactly what improvements we can make.
You know, we like stress testing and live testing a lot of features, like it, it works
as an, it works as intended, but with something like this, it's a very complex system.
There's a lot of things that can, that, that need to be kind of thought out.
And also like things that we also don't see initially as a team, cause you're so, you're
so in it, you don't get an outside perspective.
So like currently, I think within the next few weeks, we're going to like, we, with all
the new features we have coming and like, you know, just quality of life features.
I honestly just don't see the reason not to use it.
I mean, Align is free.
Like if you just want to have the base version, we don't ask, we don't charge for the base
version.
Maybe we're idiots and we're broke Solana people.
But like, you know, obviously if you want to get customizations and things like that,
then there is cost.
And if like, depending on how much you want to upgrade the platform and obviously we'll
have features in future that, that may need costs.
I mean, at the end of the day, you know, we do need to kind of like bring, bring revenue
into the business that we can keep on building out and these features, but we really don't
want to try and like, we don't, we want to give everyone access to it as an initial
free platform.
You literally, let you, you can literally throw enough for you right now, if you want, you
know, and you can, and you can, you can test it out with your community.
You can throw a hundred bucks in there.
I don't know.
So, so yeah, I think it's also just not creating a heavy barrier to entry.
And also again, just getting some, like in my mind, it's important to get like three very
solid case studies, bonk being one of them.
I don't know who's next.
And after that, but I think then it's, then we can really kind of get the word of mouth
to spread as well, because it is a somewhat complex idea or system sometimes when you,
when you have to kind of explain it, but once you kind of start using it, it's very
simple.
So I think getting those communities on board that can help kind of show, okay, wow, there
is so much value in this.
Maybe I should take the time to have a look into it.
Then I think we're going to really start seeing, you know, this, this kind of this effect
or the steamroll or this snowballing effect, you know?
Yeah, dude, absolutely.
Like slowly, slowly, then, then all at once.
But yeah, obviously, obviously to, to build up, to build up the business, the brand, you
know, you need, you need to be bringing in new people, bringing in new perspectives.
You know, that, that kind of idea that the iron sharpens your iron.
But what is, what is kind of, what has been the main hindrance to, to projects not kind
of taking this, this free instance and trying it out and from, from the feedback that you've
gotten and you're obviously on the inside?
Like what, what is stopping projects from, from using this?
I don't really think there's anything necessarily stopping projects.
I think it's also just that it's like, there's, there's a lot of projects that want to use
We just can't, we can't, we can't spin up all these instances so quickly.
It's, it's like, it, it takes some time to actually get, and there's like, you know,
certain issues, especially with like some collections, not having their like collection
or NFT, like it's not actually verifiable or they don't have one.
It's like crazy.
There's a lot of, I think people were making a big thing about it the other day about like
how some of these projects are, are, are, are minting and Shay could maybe actually talk
on this as well.
Um, uh, basically like they don't, they're not actually being minted with like the, is it,
I think it's a collection ID shake and basically it, it creates like a barrier to entry for
projects to actually integrate them.
So like we have to go and like find this shit and get them to actually create one.
And then some projects are changing to the standard and then we have to, dude, it's
such a mess.
So it's not that, it's not that projects don't want to use a line.
It's just that like, it's trying to get projects onto the platform is, is, is it's the hindrance
is that things are not being done right in the ecosystem in the first place.
So people like ourselves have to go and now help projects to actually get their shit, you
know, incorrectly set up.
Not that that it's their fault, but there's just these small things that create like these,
these, this, this kind of like slowing of, of, of onboarding, you know?
Absolutely.
Like, like bad practices that have been kind of, you know, perpetuated and then you guys
have to take time out of, you know, setting up these instances for other projects to like
help these dudes that, that didn't do it right in the beginning.
And just, it sounds, it sounds like a big mess on, on that side.
Like, yeah, and I, and I, and I will say that we have, we are, we are able to, we are expanding
the team now.
We've got more devs on board.
Um, we've got more people to help kind of from the, cause basically we've only had like
two developers and then, you know, like we, but we've got like another, another, uh, a
couple of developers coming on now as well.
So we're able to kind of speed things up because now we've, we're getting a little bit of that
traction that's zero.
And it's been, it's been a, a really long year of extremely hard work from, from, from, from
the team myself with zero pay as well.
Like, I mean, the devs are the only people that get paid.
Like we all spending, we are two, two meetings a week.
We constantly in conversation, discussing, figuring things out, you know, we, we all have
other things that we're doing as well.
You know, like all of us are working on different things, you know, in tandem with this.
Um, but you know, we have a very, a very strong passion for what we're building at phase
labs.
And, you know, we're, we're really adamant that we'll, we'll be able to really create
something and, and really create an impact here.
It just takes time, you know, slowly, then all at once, my friend.
How?
Yes, brother.
Awesome.
Thank you, Sam.
I appreciate it.
Any other questions for, uh, for Sebi?
I would just like to say, I love you, Seth.
That's all.
I love you too, Jordan.
You legend.
All right.
Go ahead.
Did you?
If the rest, if the rest of the team doesn't have mustaches as luscious as yours, I don't
want it.
Don't, don't try and sell me on it.
I don't want it.
I think unfortunately I'm the only mustachio, um, bandito in there, to be honest, but, uh,
but it may be.
Send it.
Send it somewhere.
Listen, if, listen, I'll tell you one thing.
Okay.
And it's a hidden secret.
Okay.
The actual hidden cabal of Solana is mustache style and just get a mustache, you know,
prove your, prove your, your, your value as a stasher.
Trust me, dude.
Shit, shit goes down.
I might.
Where's my fucking invite, dude?
I've never tried to get a mustache.
I might, I might try to pull it off.
I don't know if I can though.
It'll probably be, it'll probably be better than oranges, dude.
The reason why it's not in mustache does because it's mediocre.
I'll put in a good word, bro.
Imagine web through the utility.
Yeah.
I tried to, I joined a group.
Um, all I had to do was grow a mustache and now I have a ton of friends.
And now, and now I have the infinite money glitch.
IRL.
I also just want to say thank you so much, guys.
I really appreciate you giving me the time to split or like, you know, just ramble on
this, um, yeah, I appreciate every single one of you, you're all a bunch of legends
and, and everyone here has really been a pivotal and, and, and like my growth is as just an
individual in the space and actually in everything I do and the support that you guys give is
like just really phenomenal and, and just means the world.
So thank you.
Love you, Seb, babe.
You're my brother, bro.
Thank you for existing, Seb.
Yeah.
Thank you for, you know, being here every day, working your ass off.
The better South African of the group.
Okay.
Fair enough.
All right.
I'll take that.
Um, but no, just quickly, I did, I did have one more, one more question for Seb.
Like currently how, how, what is the best way for kind of the average market participant
to support, uh, phase labs?
Like how, how as, you know, just as investors can, can, can people support you guys?
Honestly, I just joined the discord and come hang out.
I mean, listen, to be honest, like you, we could definitely be more active.
Um, you know, I think we're, we're trying to increase that.
I mean, we, it's just been so, so head, head focused, like on like on development.
Um, but honestly, like, you know, just, just maybe join the discord, grab a pass if you
want.
Um, you know, if you see something that we tweet, maybe give it a share or, you know,
maybe put a, uh, like follow the page.
You know, we, we, we don't, we don't, we don't, we're not going to, we're not like spamming
people with tweets, but you know, we just released new updates and info on, on what we're doing
at phase.
Um, so I honestly, I follow on the, on the Twitter and maybe following our notifications
to keep up with what we're doing.
That's honestly, you know, all we could ask for, to be honest.
Awesome.
Awesome.
Thanks Abe.
Yeah.
You're my, you're my favorite South African in the space.
Appreciate you.
Go ahead, Jet.
Yo, Seth, so is there any, um, uh, mint that's upcoming or phase laps?
So all I can say is that, you know, like we, we, if it makes sense.
Dude, it's not a clear no.
Yo, that's the alpha, baby.
No, only if it, if it makes sense again, like a big thing and, and in all honesty, and I think
the biggest issue and problem that I see happen a lot, um, uh, is, and I do it myself
is being, is doing too much.
Like you, like, I mean, I'm already like doing seeds, helium, and then phase, and then like
some other stuff.
It's kind of like, I can't even imagine having to deal with like, you know, handing a community
on this, on this as well.
So I think we've all kind of just thought to be like, listen, like, I don't think it
makes sense to raise and, or we can provide a sufficient amount of value to the community.
Um, you know, at, at the current moment, let's just focus on the five, on the 1,500 people
that have passports that have been supporting us.
We absolutely appreciate and thanks so much.
But I think, you know, if we can, if we can just keep, you know, placing in the top five
and hackathons and make money that way.
And, you know, obviously we're making some income from people paying for customized instances
of a line and, you know, maybe look for some, some, some, some there, cool.
But Hey, it's not that we maybe haven't thought about it, but you know, I think when it makes
sense, when it makes sense and, and we feel comfortable and, you know, then I think we
can, we can, we can potentially do something like that.
But up until, up until, up until then we just building baby.
We just building.
Awesome.
Go ahead, Matt.
And then, uh, Matt's going to be next.
So, Hey, Sam.
Hi everyone.
How's it going?
Um, another South African.
Um, but Sam, you also my favorite South African.
Um, Oh man.
Oh man.
Just one question about like a line, right?
So one of the things that's happening in the, uh, in East space is all, you know, uh, privacy
and ZK and everything like that.
Uh, and one of the things that, uh, Noun's DAO is doing is, uh, they're bringing, um, private
on chain, uh, or private on chain voting for their, for their DAO.
Uh, uh, I was just wondering if like, if you had considered, considered like a privacy layer
or a confidentiality, uh, confidentiality layer for a line or if, if that's been something
on your radar.
Matt, I just want to give a shout out to Matt as well.
This man is an absolute legend and has been a, definitely a big mentor for me in the space
for a long time.
So love you brother.
Um, other than that, uh, I, I mean, we've thought, we've thought about it.
I mean, again, like, you know, obviously our perspective kind of changes as time goes on,
but you know, we've always wanted a line to just be a very public front facing transparent
kind of, um, platform.
And I think, I mean, I think it makes sense to have like a, uh, uh, to have a private
table in a private table version or, uh, you know, a privacy version on chain voting, uh,
platform if, if that a community would like something like that.
So I don't see why, why, why we wouldn't, why we wouldn't do something like that for maybe
smaller specific DAOs.
Um, maybe also, so then, cause I mean, obviously on, on the Align website, you can go on there.
So you can go onto the Align website.
Um, you can actually see, uh, all the different projects.
Uh, and you can actually, um, click on those projects.
You can actually see what is being proposed in those projects.
Um, so very, very much, you know, transparent front facing public information, but I do agree,
Matt, it does make sense to potentially work on, on a, on a, on a private version, if that
makes sense.
Um, that actually, actually made me think as well, uh, is that's another very interesting
thing we're looking at, at doing, and I think could be really, really cool is it's, it's
also kind of a nice way to, you know, if, if, if Align gets really kind of mass
adoption, there's to go onto the platform and you can kind of see exactly what communities
are busy voting on and what's being kind of done within them on, on this, uh, on this
Align, on their Align instance or whatnot, which could be a great way to kind of like
decide on whether you like that community and what they're busy doing and, and maybe
think about, oh, wow, there's some really cool community initiatives happening there.
Um, sorry, Matt, I see you unmuted.
Oh, yeah, yeah.
No, no, I mean, it, it, it is just an interesting thought, thought experiment between like transparency
and like privacy, you know, transparency is cool because, you know, everyone can see what's
going on.
Everyone, everyone can see what communities are voting for what, but then, you know, privacy
is cool because then it avoids things like, uh, you know, coercion or, you know, like bandwagoning
and, um, things like that.
So it is an interesting question, but yeah, glad it's on your radar.
No, a hundred percent, a hundred percent agree.
I mean, we, we haven't taken that up.
There has been like, we've had like a concern from, from a community that we've spoken to
about like worrying about like if people put ridiculous, uh, proposals, but I mean, at
the same time, I kind of think like, you know, it's kind of like, isn't that a little bit
of the fun of web three, but I mean, I think also kind of like, you know, being able to flag
these things, but I definitely agree.
I think it makes sense to have at least a private version.
And last thing I'll say before, before, before orange is like, you know, we've also been
kind of thinking of like how we can incorporate these into different areas.
Like we're busy building a discord bot currently, which would actually be able to just directly
send, um, uh, proposals into, into a channel in discord.
So you wouldn't even have to leave discord to go see what proposals are happening.
You could just go, Oh dope.
Okay.
These are the current proposals being made.
I can then, you know, click within the discord and go onto, onto the profile.
And also even maybe building into, uh, products like Yord or even marketplaces.
Like you could actually go into a collection and then maybe be a little, um, emblem there
or, or, or whatnot to actually take you to the align instance of that project.
So you could actually go see these things.
Orange, my brother.
Yeah.
Thanks.
I mean, I, so just, uh, just a few things I completely agree with Matt.
And I, I think that sort of just falls under the category of like the vast amount of iterations
you guys can make on the base platform, depending on like what's required for each client.
Um, I just wanted to say like on the sort of collection piece, I mean, we've spoken about
this quite a bit, like relative to seeds and I know a line already has a collection, but
like, I don't know why in the name of God, you would ever like in this position, consider
minting another collection just because like you, you guys are in a position of extreme
strength over at seeds.
And one of the reasons why I'm so bullish on you as an individual is the way you approach
building projects out in this space and building up the infrastructure to support them into
the longterm.
Um, and a line is a really good example of that.
I think because you sort of structured the holdership experience and reward system to
be like very relaxed, right.
And allow you guys to move and pivot and build as you see fit and bro minting a new collection
would fucking absolutely wreck the environment that you've created.
That is like very conducive to you guys being able to build and be in charge of what you're
building.
Because as soon as you get all these fucking holders involved, bro, it's a, it's an absolute
wrap.
All you have to focus on is satisfying them and you're fucked.
Dude, I like, trust me, I'm a hundred percent with you, dude.
If there's anyone saying no collection, it's me.
Um, but, uh, I think, you know, again, this is also not something that would ever be done
like within the next few months.
I mean, if this, like, when I say that we've thought about it, it's like a year or like
longer.
It's like, if, again, if there was only ever a reason that we, it would make complete sense
for us to do it, would we do it?
Other than that.
And I think that's something that I've learned through, through, through building seeds is
that like, fuck, I love not having people to, to, to have to like, you know, pander
to, or like, Hey guys, like everyone, you know, shouting at me because they're not getting
something because it's like at the same time, as much as how much I love having a community.
Um, I think, you know, it also, if, to me, I'm like, if you can build a community without
an NFT, that's also amazing.
You know, like that'll be super, super cool because people aren't expecting something
back.
And, but obviously there is the, the, the caveat there where it's like, well, having
the NFT gives you funds to build out your project.
So it's kind of like, how do you balance those two things and find a middle ground?
Like, Hey, if we get VC funding and then we build a community without an NFT, like that's
kind of cool.
Or if we don't get VC funding, do we build, get an NFT and build the community and get
funding that way?
Like, you know, so these are all things that we, that we, we think about, but honestly
right now, and, and as, as has always been is focusing on building out the technology and
making sure that that is, you know, tip top and is, and is exactly where it needs to
And that is definitely our, our, our focus.
Um, so yeah, but no, I completely agree with you by that.
Awesome.
Thank you, Seb.
Matt, you want to tell us a little bit about CrowdSurf and, uh, what you got cooking?
Yeah, yeah, sure.
Sure.
Um, um, I suppose just, uh, uh, you know, a couple of interesting things that have been
touched on today around like, um, simplifying things and, uh, you know, actually like, uh,
I don't want to say like pros and cons of having a community, but both those themes definitely
relate to us.
And just give you a bit of background about, uh, about, um, how we started with CrowdSurf.
Um, we started about like a year ago, Seb, Seb basically joined in like month one or month
two.
Uh, so he was definitely a key part of that.
Um, and we went out to, uh, to try and, uh, to try and, uh, change a whitelist meta, uh,
through building, um, an investor scoring system and a data analytic system.
Um, we, we did develop the technology, uh, as far as, as far as we could.
We went along a roadmap.
We, uh, we ticked things off.
But for a number of reasons, we, uh, uh, bear market included, we, we really did struggle
to gain traction and we could not turn, uh, we could not turn that idea into a, uh, into
a sustainable, uh, into a sustainable venture, especially if we are trying to give, um, something
back to, to holders.
Um, I think our key learnings from that is, um, B2B is hard.
Uh, the space is small.
Um, and also if something's complicated, uh, attention spans are, are, uh, are short and
it just makes life really, really, really difficult.
So, um, a couple of months ago, we did take the decision, uh, to pivot hard.
Um, we are pivoting from CrowdSurf, which as mentioned, we did, um, data analytics and prepay
and, uh, in best scoring and a bunch of things.
Um, and we're trying to turn ourselves, uh, trying to turn ourselves into a gaming platform,
uh, under the moniker Island Games, um, and a quick pitch, uh, about what that is.
Uh, we're building high quality, self-contained, pixel, pixel inspired, uh, risk-based slash
gambling games.
So, um, moving from something a bit complicated, a bit difficult to explain, trying to simplify
our offerings, trying to do something, uh, something easy to explain, easy to play.
Um, and our first game, Solcano, uh, is live, um, it's a crash game, uh, tried to really
focus on art and, uh, the experience.
Um, so far we have, uh, a few hundred users.
Um, it is generating revenue, a small amount of revenue.
Um, we have a really good, we have a really good developer team.
Um, and, and I suppose just touching on, on another point that was brought up, you know,
it's not just, um, do you have a developer team and can you build something?
It's, it's like, what are you building and is it the right thing to build?
Um, and right now we are, we're focusing on two things, um, um, user feedback.
So we really are trying to, uh, really are trying to improve things day by day, fix as
many bugs as we can, uh, look out for interesting features, things like that.
Um, and then, uh, obviously we're trying to gain volume.
We're trying to gain users at the moment.
Um, a couple of different strategies that we're using there.
Uh, we, we're taking, uh, we're taking a community-based grassroots marketing strategy.
We're trying to incorporate a lot of tokens from communities.
Uh, we just incorporated, uh, Boo token.
Um, we have, we have Bonk and USDC and so on, you know, a whole bunch of things.
So basically, if you have a token, uh, you can probably play it on our game or you, or
you will be able to once we, once we support that.
Um, and I think, I think the key thing there is, you know, uh, nothing has touched on, uh,
volumes are low.
People are a bit sleepy right now.
Let's give them, let's give them something fun to do.
So, uh, yeah, and that's what we, that's what we're up to at the moment.
Awesome.
I really like how you guys took what you learned from, you know, the, the trials and
tribulations of CrowdSurf and the, the pledge portal.
I actually really liked the pledge portal, but, um, and we were, I think one of the first
to use it back in the day after he meant it, but it's, it's good that you have this journey
and this experience to kind of put towards what you're building now.
Um, what would you say is kind of like the, the main focus of, of, uh, Island Games?
So, um, exactly as you say, um, previously we were doing a lot and, uh, and even our core,
our core idea of, all right, uh, you can pledge an NFT on our pledge portal, which, uh, we,
we defined, um, um, um, um, as a, as a non-binding, uh, show of conviction in what you're holding,
uh, essentially telling us that you're not going to sell this NFT for a period of time.
And if you don't, you accrue a score, uh, with that score, we can allocate you different,
uh, different investor tiers.
And our theory was that, uh, projects that are minting, they would probably like good quality
holders when they mint.
And, uh, you know, as I explained it there, I mean, I very much still believe in the idea.
I think it's a great idea, but, um, practically it's, it's just been, it's just been incredibly
difficult to sell it.
Uh, it's been very difficult to monetize it.
Um, and it just takes, uh, you know, it takes, uh, it takes a lot of work and a lot of effort.
And we just, you know, yes, we did, uh, yes, we did have some success with it and we were
able to, you know, put a bot in, uh, uh, put a, put a bot in, uh, in upcoming mint servers
and it was able to allocate a whitelist, but it just, especially at this time in the market,
it just, we were not able to, to give value back to our holders, which is, you know, which
is the premise on which we minted.
What would you think, uh, so I guess, how, how will the Island games interact with the
crowdsurf NFTs and like what, what value will be given back there?
So this is a, this is an interesting question and it's a key question.
Um, uh, our working assumption at the moment is that, uh, we will exchange, uh, the vast
majority of our crowdsurf NFTs for, uh, for, uh, for our Island games NFTs.
Uh, we've, we have a NFT collection kind of ready to go.
Uh, it's called, uh, we've titled the lost tribe.
Uh, it has four different tribes.
It has some law attached to it.
Um, and the idea is, is that we want to give our holders, uh, a, a lost tribe NFT.
Um, and, uh, they would gain revenue share from that NFT.
So that's how we hope to give value back to our, to our existing holders.
And, you know, it, it does touch on the point that, um, community, uh, community is hard,
right?
You want to make everyone happy.
You know, you want to do right by everyone.
Um, but, but, you know, as much as you have a community, you also have an obligation to
do things, uh, to do things that are good for them as you should.
Um, and yeah, that's the key value that we foresee coming from this.
Okay.
Got it.
So would this be like a purely a burn to get the new mint or is there going to be a paid
option as well?
Uh, so we've been working out, we, we're working out a few different scenarios and it
really depends on how, uh, on how aggressively we want to, uh, we want to expand, uh, with
the games that we building.
I mean, um, the idea is to have a small, uh, a small, uh, a small public mint, but ultimately
we really do want to do right.
Did he rogue or is it me?
No, I think Matt, are you there?
I think you got a phone call.
We probably got a phone call.
Okay.
Got you.
So I was going to say,
Did anyone get any, uh, any, uh, what is this?
What is this?
Uh, what's this thing?
What's this piece at, dude?
What are these, there's all these too many tokens now, bro.
I don't know what's going on.
I don't know, dude.
There's like, I don't even want to check.
Fuck it.
Matt, you there?
I'm back.
Sorry.
I got, I got disconnected.
I don't know how it happened, but yeah, I'm back.
I don't know where I was when I was chatting, but, but yeah.
Are you saying value, value to holders?
Yeah.
Uh, so yeah, uh, it was just touching on the point that we really want to get things to
a, uh, to a revenue generating point.
I.e., this is a, this is a, this is as close to a sure thing as we can have.
Um, and I think, yeah, that was a key point there.
Awesome.
Is there any, uh, look at the art you can share for the new collection?
Uh, there is.
Let me, I'll try and figure out how to put it on.
Uh, I'll try and figure out how to put it, uh, up here, but, um, I might do it after
the, um, after I've finished speaking.
Cause I, I don't quite know how to do that.
Well, Matt, just change your fee.
Oh, all right.
All right.
I'll try to do that.
Um, it goes with the, with the quick, quick solutions.
Um, what, what's kind of like the inspiration behind the art in the meantime?
And is it, uh, is it pixel like the, the other site?
Uh, well, interestingly enough, um, Seb's been the one doing the, uh, doing the art direction
there, um, um, Seb and, uh, Sok from Helium.
Um, but we really wanted to tie into, uh, uh, into a pixel based, uh, lost island.
Uh, each of the, um, each of the, uh, each of the NFTs are, uh, are pixel based.
Seb, correct me if I'm wrong here.
I think it's about 50 by 50 pixels, uh, and each tribe members with a mask.
Um, and I think it's 48 by 48, but yeah, yeah, yeah, yeah, yeah.
48 by 48.
Yeah.
So, um, seems had a lot of, uh, seems had a lot of fun, uh, with the artists from, uh,
they've done a great job, really, really happy with the collection.
Awesome.
Can't wait to get a look at it.
Um, I think you might've cut out when you were answering the question, if there was going
to be a paid proportion to the men as well, or if it's just a burn.
Oh, sorry.
Sorry about that.
Um, so our working assumption at the moment is, uh, is there will be a small portion, uh,
for public or for whitelist, um, but the majority will go, uh, will go to our, to our existing
holders.
It's simply, if we, uh, it, it depends on how aggressively we want to continue, uh, building
with the games.
If we can have a little bit more capital that will let us build quicker, but that's just
one scenario that we are thinking about, um, the key thing that we want to do there is
just do right by our holders.
Yeah.
I think as long as your holders are happy, that that'll take you to go.
Um, any other questions for Matt?
No, I was going to say, Matt, maybe you want to chat about, um, you know, some potential,
is there some potential partnerships working on there?
I think, um, I think a good thing as well that, that, that, uh, that I think can be
done with the, with the technology as well is, I think Matt can agree with me here is,
is actually, you know, taking what was built and also using that to help elevate, um, what's
being done at Island Games there.
And especially with some of the, some of the, um, you know, kind of, uh, potential partnerships
that can also help kind of like, um, increase the, the scope of the game or, well, I think
a fun idea as well is like these kind of like the whole Island tribe.
And this was something we worked on with the, with the helium art and the law and kind
of stuff like that is like, you could think about this as an Island that increases and
different little islands pop up with maybe, you know, different, different games as the
future goes on, you know, you could have like a ghost kids Island, you know, um, you
know, kind of, or, or, or different kind of, you know, themes, um, that, that kind of
occur as time goes on.
So I think, um, Matt, I don't know if you want to touch on maybe like, kind of like some
of the ideas that you guys had about, you know, how this could expand as well.
Um, Oh yeah, sure.
You know, um, the, the gambling space or the gaming space, whatever you want to call
it, um, it is a tough, uh, it is a tough mark to try and break into.
There are big names, uh, there are big names out there.
Um, and it's going to be, we're going to have to be quite dynamic and quite, um, creative,
creative, uh, creative in how we, uh, in how we approach us.
And one of the thoughts that we did have, and, um, uh, I'll, I'll give, um, I'll give
orange for the orange credit for the word archipelago, but the idea is to, is to turn
the, is to turn the, um, Island into an archipelago, um, and really try and, uh, try and have something
and build on, uh, in a collaborative way.
Um, it ties into the best part of like NFTs around, uh, you know, pixel art and community
and, uh, and world building.
Um, and that's where it's going to be quite key for us to, uh, to develop strong partnerships
in that regard.
Um, there's, uh, there's lots of scope to have, uh, uh, to have skinned, uh, to have skinned
games, um, really, really try our best to bring in as many communities as possible because
we are not going to, we're not going to, uh, compete by just, um, uh, by just bringing
out another, another big casino that's been done.
We, we're trying to be nimble and creative in, in, um, how we, how we approaching this.
It'll be, it'll be interesting.
I also think big props to you, Matt, for, for, for enduring and sticking through and
just staying building, you know, like I can vouch for Matt as being just one of the most
solid and, you know, genuine people I've ever, I've ever met and worked with.
Um, and the guy truly does love what he, what he's doing and, and loves the space.
So hopefully see you on more spaces, Matt as well.
Um, because yeah, you, you're a big brain dude.
And I think more people need to hear what you, your thoughts, you know, I said, you're
too kind.
Um, if I have you on a space, how could I not return?
Lots of love, dude.
Awesome.
Well, thank you, Matt.
I appreciate you taking the time answering the questions and, uh, yeah, I think I'm going
to end it out here.
Go grab some lunch, but, uh, orange, the, uh, the primes, Dave, Seb, Jet, Matt, I appreciate
you all for hanging out with me and I appreciate it.
What are you, what are you going to go eat?
Some tacos, bro.
What about you?
Oh, I already ate, I already ate my, my soup.
Soup, Dave?
Come on, man.
Yeah.
Cause it's hot out.
What kind of soup?
It was, it was a dumpling, we, uh, dumplings.
W soup.
Yeah.
Yeah.
I wanted to share one more thing.
I just made a thread and I think it's an interesting, uh, thought process that everybody should read
into a bit to understand, uh, a bit better what the dynamics are within the NFT space.
So have a read through, um, and let me know what you guys think about it.
Uh, you know, uh, either on the timeline or send me a DM, uh, especially you guys, uh,
you know, on the stage, you know, my friends that, uh, are kind of in the same industry as
I am, you know, working with a lot of projects because, uh, it is interesting when you break
down the numbers to better understand what the expectations can be for most projects that
don't have ref streams.
I just speed read it.
I really like your takes in here.
Chivas agreed.
Well, that was fast.
Bro.
I read quick.
Orange is a speed reader.
Now I know how you got so smart at your age.
No, dude.
I'm the key is pretending.
So I won't take your compliment serious.
Um, but I'm happy you pretended to like my take.
No, dude, take it serious.
What the heck, bro?
Take that, that part.
Take serious.
Cause I do agree completely.
And I also think like, yeah, well, let's not dive into that because you like, it's a
pretty deep thing, but yeah, people also don't consider like economies of scale fucking
at all when, when they're talking about an NFT project.
And yeah, I mean, it's fucked.
This is why I keep saying like, you know what my opinion is?
You want to build a good business in this space?
Do what fucking Seb's doing.
Do what Chivas is doing with Thunder.
You know, like build a fucking business and then decide if you want to release an NFT
collection later, dude.
It's too difficult to give back to, to, to your holders in an effective way.
If you're fucking 10,000 of them, dude.
And like, yeah, it's ridiculous.
I will, I will say on that though, Orange, I think the one, the only thing about that
is that it's like, it's easier said than done.
Cause it's like the only reason why I think, you know, someone like myself or Chivas, like
with me with seeds and him with, you know, Thunder, like you can do that is because we've
been in the space for over.
So if you are, if, if you're putting in the time, right.
Cause you can't honestly say aside from network that you had any leverage over anyone else.
Like it was all, all the advantage that you have is network from time sink.
Right.
And it's certainly not like any of us are the richest motherfuckers in this space.
Dude, it, if you're, if you bootstrap properly and you're fucking very conscious about where
you're spending your money and you be strategic, dude, you, you can achieve a lot with a small
budget, but you can't achieve a lot with a small budget when you have 10,000 baby birds
pecking at you asking for food.
So it's that simple for me.
Yeah.
Delayed gratification, dude.
Delayed gratification.
Sometimes it's just about understanding the actual value of a project.
Right.
I mean, we have underground here.
The value is not getting money back or getting a t-shirt.
The value is, you know, the community and the opportunities.
And it doesn't cost you a thing, but that's what you should expect.
Cause that's what you're getting.
We have wise bills here.
You know, the value are the signals that you're getting.
The ability to trade better.
Right.
It's not gonna, he doesn't need to ship out all those t-shirts, but for, for the people
that do have those expectations of, Hey, when am I getting my ROI throughout these kinds
of things, right?
Merge hoodies, blah, blah, blah.
T-shirts like, no, you're not going to get it.
You're not even going to get a t-shirt if you minted something for tree soul.
Cause projects can't pay for it.
Like it's not possible.
Guys, guys, I, I, I'm just, I just want to officially announce we're, we're canceling the,
uh, the t-shirts we were going to, like, yo, I was just talking to people like yesterday.
Brought the math attention to me.
I didn't do the math beforehand, but the t-shirts are all canceled.
Get sooties and maybe even socks, bro.
And some hats.
Like, well, that's the only reason I'm in web three, bro.
It's for the free fucking merch.
Dude, what do I do now?
In fact, the highlight of my entire time in France was stopping by the bullies crew studio
and getting a free t-shirt, dude.
By far.
That's the greatest thing that happened to me.
You spend thousands of dollars on AFTs, but you just want to get a, get a free shirt.
I'll buy this animal JPEG that I have no idea what to fucking do in five years, but hey,
you know, I get a free shirt or, or whatnot, dude.
Love it.
That's real value right there.
On that note, I think I'm going to go get my tacos, but love you guys.
Thanks for hanging out.
You guys, innovation through t-shirts.
Innovation through t-shirts.
Oh, God.
New catchphrase.
All right.
There we go.
We got to, we got to coin that, dude.
We're co-opting it.
All right.
Well, that was, I was, that was innovation through connection live on air.
All right.
Peace out, everybody.
Bye.
Peace out, everybody.
