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Understanding The Significance of RWAs - The Ice Breaker π§ EP. 1
Recorded: Jan. 8, 2024 Duration: 2:03:31Space Recording
Full Transcription
Yo, yo, yo, doing a quick mic check, throw me some emojis, if you can hear me.
Awesome.
Thank you, Sterling.
Thank you, Bill.
Thank you for that.
All right.
Let me send some super quick invites out.
We'll get the music going.
We'll start things up in about five minutes from now.
Thanks, everybody.
Let's go.
Let's go.
Let's go.
Let's go.
Let's go.
I don't know how to react.
I'm a special person face with that wild in my veins.
You can hear it in my glove.
So keep your eyes on me now.
I will see what I want.
I will never be able to see what I want.
I will be sure to believe in me.
We got it all in the house.
So can you handle what we're all about?
We're still tough.
We're scared to show you up.
Can you feel the rush now?
Ain't nobody bringing us down.
Down, down, down, down, down, down.
They could try it, but we're gonna wear the crown.
You could throw another round, round, round, round, round, round.
Wish you luck, but you're not bringing us down.
We go hard until we get it, get it.
We go hard.
We're so in it, in it.
We pop stars.
We're only winning, winning.
Ain't nobody bringing us down.
No, no, no, no, no.
You ready for this?
Let's go.
See, μΈμ λ μ§ λ΄ λͺ¨μ΅ λ§€μ§ λ¨ ν λ²μ
λ΄κ° μ‘μ, μ λ κΈ°μ£½μ§ μμ§, uh.
Pao, pao, λ€κ° λ μμ?
κ΄ν μ μμ΄, μν΄λ.
When I'm in your μΌκ΅΄μ 보μ¬, I'm troubling you,
but I'm so cold.
When I move that way, you gon' be so blown.
I'm the realest in the game, uh.
Said I'm on fire with the blade.
Yo, I got to hit my leg.
Ring it in your head like, whoa.
So keep your eyes on me now.
Muwasμ λΆλ¨ μ’μν κ±°μΌ.
I'm so tough, but scared to show you up.
Can you feel the rust now?
Ain't nobody bringing us down, no, no, no, no, no.
They could try it, but we gonna wear the crown.
You could go another round, round, round, round, round, round, round.
Wish you love it, but you're not bringing us down.
So we get it, get it, we go hard.
Yo, yo, yo.
Thank you, everybody, for showing up early.
We're gonna, you know, we're gonna go ahead and bump that second lead in song.
But for those of you who are familiar with the show,
you already know what it is.
Bottom right corner, please help us out by giving a like, comment,
and retweet the spaces, and we're gonna get the show started in just about two minutes.
Thank you, everybody.
Yeah, go.
Thank you, everyone.
Thank you, everyone.
Yay.
How's it going everyone welcome back to the icebreaker the show where we took one week off on Christmas um only to realize that uh you know the next Monday show just happened to fall on New Year's Day which actually resulted in us taking two weeks.
It's taking two weeks off instead and you know for uh for better or for worse I think the break was definitely needed but I'd be lying if I said I didn't miss talking to you guys man honestly it really is great to be back and so it's it's crazy to me how two weeks and web three actually feels like two months went by right before our eyes but you know here we are with the first English icebreaker spaces in 2024 and I say English because um as some of you guys might know we also do Chinese icebreaker spaces now on
Wednesdays so for our audience members that did tune into last week's Chinese spaces maybe you don't miss us quite as much but for everyone else in the room we hope you miss us because damn we sure miss the hell out of all of you.
Now uh before we get into today's topic of discussion I just want to quickly say um the moment Yumi pulled up like uh I got this notification saying oh yeah but Bitcoin is at 46,000 now so um whatever that is worth Yumi please uh please show up more.
We can't we definitely need you to pull up and get those prices going because honestly whenever whenever someone from the homies uh from this from the x-circle pulls up there's positive price all around the board but enough of all that um but real talk uh before we do get into today's topic of discussion I just want to take a super quick second and talk to you guys about an event that is happening next week.
So our friends from CDOW will be hosting a poker tournament spanning over three days from Tuesday all the way to Thursday.
Now there's going to be CDOW NFTs over $2500 in cash as well as over 28k and XMCD tokens being given away as prizes for these participants and why is this a big deal?
Uh because today's spaces is sponsored by Casino DAO a leading RWA casino offering tokenization with rewards powered by entertainment cruises.
And what's also a big deal is that AC and I will be casting this poker tournament live on stream next week.
So while our friends and family are tuning in to the tournament live from Asia our brothers and sisters from everywhere else in the world can watch the games live on stream right over here on X.
All right. So if you guys are into poker if you got that you know internal competitive gaming spirit like I'll does or maybe you don't maybe you just want to listen to AC and I talk for two hours.
Make sure to tune in to next week's eight at 8 a.m. Eastern is going to be a show for the ages.
Now before we snowball things into the discussion that you all came for today's icebreaker is brought to you by in Leo a tokenized crypto community platform striving to build the ultimate Web 3 experience.
And as usual there will be two lucky winners today that will be walking away with $25 each in cash prize and to enter make sure you guys are following the in Leo's Twitter account and simply give the spaces a like comment and repost.
And well we'll be picking the winners at the end of the show. So make sure you guys stick around for that.
That being said you guys already know what it is. The icebreaker is never an icebreaker without a very mellow professional and not over the top introduction of my amazing cohost.
Yeah, we weren't expecting that one in bed. But you guys already know but just in case you don't she is the master or dare I say now upgraded to the God of good vibes.
She's the queen of skateboard snowboards and whatever other board you want to travel down a hill with.
She is one of the most beautiful ladies of Web 3. I call her sister but you shall address her as little auntie. What's going on homie? How are you doing today?
GM, GM, GM, GM, ice, GM everybody. It's so great to be back. I hope everyone had a great holiday and happy Monday.
And here's to our first episode of English icebreaker of 2024. Well, I really miss talking with you guys a lot.
And I can't wait to hear you guys voices again. And here's another episode of RWA space.
I'm surprised but not surprised because we all love this topic. So much to talk about around this topic.
And thank you seed out for sponsoring this space again. And I feel like I've seen a lot of new projects popping up on my timeline recently over the last week already.
The first week of New Year, I've seen a lot happening already. And many of them are actually tapping into the concept of RWA.
And we can definitely feel the trend and the hype building up. So I think in today's space, I'd be really interested in hearing more about your takes on the subject, especially on what makes you feel bullish about it.
And also I'm interested in learning, you know, what are some of the concerns and question marks you have about these RWA applications.
All right. So same as usual, bottom right corner, please, please drop your comments there.
I'm actively looking through the comment section and we'll be there to answer your questions if you cannot come to the stage.
All right. So back to your eyes.
Thank you, Auntie. Thank you, Auntie. Always nice to have you holding the back four down and really nailing down that comment section duty.
I love comment sections. I see a lot of great ones. And I always, you know, I always DM eyes about some of the great ones and some of those can actually get up to the Jumbatron.
So let's get it going. Oh yeah. Hell yeah. You know, you said like, uh, we, we all had that, uh, that opportunity for a little bit of R and R back then.
Um, and, and actually, um, I don't know if this is going too much into what you were doing over the holidays, but I actually saw photos of you, Auntie.
I think you and your, uh, your family, right? You guys were doing, um, you guys were up on a ski hill.
You guys had all this really, really cool, fun stuff going. So, I mean, in lieu of all of that, just wanted to catch up with you real fast before we go into the discussion.
Like, I'm like, what are you, what are you, what are you happy about your accomplishments in terms of 2023 and in 2024, what do you personally want to achieve?
Wow. Yeah, a lot, a lot. Well, first off the skiing part was great. As you know, I don't know, like, what's the, what's the term for it, but there's like a science term for this year that global warming.
I, I, I don't want to put it, you know, like in the too scientific way because people are skeptical about this whole term, but like the overall, uh, the temperature is getting warmer comparing to other years.
So as we all noticed, um, I think in the New England area, there was only the first snow yesterday. Well, the day before yesterday.
So the snow came, uh, much, much later than usual. And I went to the hill and it was not snowing when we went skiing.
When we went skiing, it was all, uh, using these like big fan and big machines to make the synthetic snow, but it was fun. It's not, um, it's not as the same as other years, but still it's great, great to be with the family.
And, uh, speaking of accomplishment of 2023, I think the biggest one would be joining Icebreaker TV for me, um, in Web3. I, I, I absolutely enjoyed it.
Like, uh, you know, our last episode, uh, from 2023, I was, um, I was, I was saying, you know, um, it was a huge accomplishment for myself to get onto spaces and start talking more and connecting more with the friends.
Um, who I usually just GM me every day online, typing behind the computer screen, but now we are talking while having a conversation.
So that would definitely be the biggest accomplishment and looking ahead 2024, I don't know.
Like I want to continue this journey with you guys, but at the same time, I do want to spend more time and, uh, put more energy into my family.
So as you know, I, I have a little boy and, uh, I feel like in the past year, you know, with the market and with my own study and my in real life work, I did, you know, kind of like getting too caught up in all these things and rather, you know, spending more time and having fun with my family.
So I do want to make a change. So this year, um, I'm going to set my schedule. So every week I do need to take some time off and computer free and stay away from my phone and then just be with my kid and be with my husband, like solely and enjoy the time.
So that's, that's my hope for the new year. What about you?
Wow. Now, now, whatever I say, I'm just going to look petty as hell. So I answered that now. But wait, when you said, uh, one of your greatest, okay, shut up.
When you said one of your greatest accomplishments was actually, um, like being on the icebreaker. It's like, I was looking through the soundboard for that, for that, like that. Oh, like, you know what I'm talking about?
I'm talking about, but I couldn't, I couldn't figure out what it is. So you're just going to have to settle for the real life. Oh, instead, which I'm incredibly flattered. Honestly, one of the, I would say probably one of the top accomplishments of 2023 is, um, I think I said this in the, in the new year space as well.
And it sounds like a joke, but it's not, but honestly, it's surviving because, uh, a lot of us couldn't really do it. A lot of us couldn't be able to stick to stick to the plan and be in the space because like in the time when the bear market is, is primarily dominant,
it's very easy to seek elsewhere for like for working opportunities, right? It's very easy to drop the ball. And it's very easy to say, you know what? I'm going to capitulate. This is not supporting myself and my family. So even though I've been in this, in this space for two and a half to almost three years now, I got to ditch this and go back to the stuff that I, that I already know and what too. So really being able to endure through that, uh, through those trials and tribulations to me, that was honestly my biggest accomplishment because I gotta be, I gotta be honest with you guys.
Like I've considered, uh, I I've considered backing out very, very many times. And if it wasn't for people like you auntie, like for you aisle, like all my homies from X circle, Yumi's down there, uh, with, with, I don't know if he's here right now, but if you can hear me, um, Eric, all the team from in Leo, like all these people that have really empowered and stuck with me through this, like these difficult times definitely could not have done it without you guys. And I guess in 2024, um, there's many, many goals I want to accomplish, but let's just talk about the one right here in front of us.
Let's make icebreaker TV. One of the best spaces this, uh, this Twitter has got to offer. How about that? But on that note, uh, auntie, I really do feel the same, you know, like, and when it comes up, like, um, succeeding in any kind of a challenge and any kind of accomplishment, I think it's, um, I think the key to that really is keeping up with concurrent education. Right. And, um, and, and pulling things back to the topic of the spaces with RWAs taking center stage in web three.
There really is no better time to be learning about this because all of this knowledge and information will be extremely, extremely useful in 2024. I promise you guys that. And that is why precisely we have curated this panel today, brought up all these RWA experts joining us on here on stage today because, uh, they got all the alpha. I certainly do not.
Every time I have a conversation with you guys, like Scott, I'll, uh, Chris, like I always learn something new, you know, innovative new ideas are always being created and the refinement of aged ideas are constantly being tested.
So it is definitely not an easy task to predict where the future of RWAs will take us. But honestly, if anyone knows, it's probably one of these legends here on stage.
So without further ado, I'd like to pass the mic over to our friends from CEDAO. Welcome to the stage, my brothers, Chris and McDollar. I hope you guys have had a wonderful New Year's.
I'm going to throw the mic over to Chris first. Uh, would you care for a super quick introduction, even though we just did one earlier in Chinese this morning, but you know, what's why I think it's back. I'm going to do it again in English. How are you doing today, man?
Um, GM, GM, everyone. All right. Uh, I've been just, uh, sharing like what's the other beer in Chinese section with eyes, uh, just seen just now. So yeah. Uh, okay. Uh, let me introduce myself a little bit. All right. Uh, I'm Chris. I'm actually in, um, in entertainment industry and at that to quite sometimes like 10 years. So in cryptocurrencies, uh, so I'm, I'm actually more firmly in trades and token.
Uh, uh, for about three years. So, um, um, that's why we, we, we, we, we, because we were very experienced in a web tool and we tried to like figure out that definitely we, we could make something out.
like, like, like, like, wow, uh, bring something new into Web3. So that's why we brought up, uh, CDAL, uh, IWF projects. Uh, so yeah, that, that, that, that's my background.
So, uh, looking forward to share more like exciting news, like what is actually IWF. So, yep. Uh, I will talk more about this later. Yep.
So, uh, let me pass the mic to, uh, my partners, MacDollar.
GM, GM, GM, GM, everyone.
It's nice to see everyone again.
Okay.
I think, uh, has been, uh, introducing myself for the past few times, but I'm going to repeat this again.
So, uh, I'm begin my crypto journey as investor and trader.
Uh, I've ever seen a token from single digit to three digits and go down to field draw in front.
So I'm sure if you are in this space, you are know which token I'm referred to.
I'm involved in entertainment industry, uh, same as my partner, Chris, and we are currently applying our expertise in Web2 and tokenizing our project into RWA projects.
Over to you, Ice.
Thank you, MacDollar.
You know, it really is an honor to be joined on stage with so many RWA legends.
Like we got Chris, we got MacDollar, and we previously introduced, damn, we got Isle joining us like this guy is.
If you guys don't know, Isle is the RWA guy for the Syndicate's network.
And he's also, uh, he's also a marauder tech support for us over at IBTV because apparently none of us know how to work anything regarding computer related stuff.
And it's, uh, it's, it's actually ridiculous because, um, yeah, we're all, we're all living online.
So the fact that we suck at computers is actually crazy to me.
Uh, we got Sterling, you know, the guy that has been working nonstop ever since New Year's.
Uh, he's, he was just telling me how he actually pushed back a meeting, uh, specifically for this space.
So I'm actually going to toss it to him first, but I also want to quickly give a shout out to my man, the legendary Scott that pulled up on stage today.
Uh, he DM'd me last night saying, yo, you guys are having a space?
I'm there.
I'm like, hell yeah, come on through.
We love to hear what you got to say.
And honestly, Scott, every single time I talked to you, like we went from gold, we went from real estate.
We went from like airport security passes.
We went to deep ends.
Like, honestly, Scott, you are learning so damn fast.
It's just absolutely incredible, but definitely would love to hear what you got going on in just a few moments.
But that being said, I want to respect my guy Sterling.
Cause I know he has a meeting right around the corner, but yeah, man, Sterling, how are you doing today, brother?
I haven't spoken to you.
No, man, I actually, it was misleading.
My meeting was supposed to be at two.
I moved it to two 30 Eastern time.
So I got like an hour and 10 minutes.
I knew Scott would probably show up, which is great because every time Scott's here is when I learned.
So I'm really happy he's here.
Really happy to be here.
Good to see you.
I all, auntie, everyone else out there.
So Depot, I see you, man.
Good to see you as well.
Ethos.
So yeah, really happy to be here, man.
How was your New Year's?
I mean, I'll just say it was a lot of sleeping involved, mostly hungover.
A lot of parts were great.
A lot of parts were definitely not so great.
Yeah, man, I gotcha.
I gotcha.
How about yourself?
No, no, not too bad.
I don't really like Christmas.
I don't really like the holidays.
But no, I love this topic.
I love RWAs.
It's really fascinating because the more I think about it is I was actually trying to describe
RWAs to my friend over the holiday, or not my friend, my stepbrother over the holidays.
And he basically just said, so it's basically just stocks and equity in companies.
I'm like, well, yeah, I guess.
I mean, because what else is it?
Like, what's the stock market in all actuality, right?
It's just you're owning a small sliver of a company, and you know that this small sliver
piece of paper you're holding, or at least it used to be a piece of paper that you're
holding, represents an actual fiscal company.
And that's kind of what we're seeing here with what RWAs are, except it's more immutable
and it's on-chain.
So we're just seeing like, okay, like real estate is the one I always go to and the one
I've said before.
It's like, okay, you buy a house, and instead of getting a deed from the bank, you get it
sent over to you.
It's immutable.
It's on Bitcoin or, you know, or Btrum or whatever chain it's on.
And boom, you have it.
It's yours.
I think that's kind of the easiest way to think of RWAs.
And I'm really, honestly, I'm more excited to hear Scott and all the other speakers talk
than I am to talk at this point in time.
I got you.
I got you.
Interesting.
Yeah.
So like tying things back to real estate, I guess.
We spoke about almost like almost a month ago now, Scott, you and I were on stage talking
about, right, this organization of deeds and kind of like the ins and outs of that.
But before we actually even dive into like, what are the obstacles, I wanted to check in
with you, Scott.
How you been, man?
How, what did you, what did you do over New Year's, bro?
Oh, man, absolutely nothing.
I just, man, it's, it's work time, bro.
Like we didn't, we didn't make all these networks and connections in the, well, I hate to say
like the bear, but like this little issue we've had in the last year and a half, it's
go time, man.
And I come from the music industry where they take off from like December 15th to January
15th.
And I, I hated that, like doing that for almost 15 years straight.
Uh, so I love how like web three MFers, like there was always somebody like not like doing
something either.
Uh, so yeah, I just make sure my kids are taken care of, of course, make sure they're
all happy.
And then I'm just back to work.
I'm just going, you know, 20 X on, on, on, on machine, uh, RWAs and D pin.
Uh, yeah, it just seems like every day, you know, whether it's Solana posting yesterday,
Masari posting, uh, yesterday, it's just somebody always posting about machine RWAs
or D pin.
So yeah, I'm doubling, tripling down.
Don't care if it, uh, messes my engagement up.
Um, you know, uh, I just feel like, uh, responsibility to cover all of the, all of this
stuff.
Uh, obviously still going to cover collectibles and stuff on the RWA side, but, uh, seeing
$4 billion of, uh, of, of volume and D pin, uh, you know, I'm a follow of the money
guy.
Uh, so yeah, uh, I'm very, uh, my interest is peaked.
No, no, no pun intended with the peak network.
Bro, you know what?
Like the fact that you're, you're talking about RWAs and you get low engagement, that
just shows how early we are.
Because if you're talking about something that's really mainstream and everybody knows
what it is, the moment you post that, it's going to hit the algo and people are going
to just rate the hell out of your tweets because they think by engaging with Scott on
this topic, on this tweet, it's somehow going to make me money, right?
Like wrong because you know, if you make, if you engage with these tweets on RWA now,
like you are learning now and this is all investment for padding the foundation that
is going to be really, really important for the months to come.
But Scott, man, um, before I actually toss things to, I want to just follow up with one
question, Scott, because, um, this is something that you and I discussed, uh, in DMs in private,
but whenever we talk RWAs, it's, it's really hard to discuss RWAs without kind of dabbling
into deepens.
So can you actually briefly explain, uh, to the panel and to the members of the audience,
like what deepens are all about?
Yeah.
So it's a decentralized physical infrastructure network.
So anyone knows what IOT means?
It's the internet of things.
You see it a lot.
You see like a lot of tech companies mentioned IOT.
So basically think of it, uh, of the devices, uh, in your house, uh, on your Apple watch,
uh, your, your, uh, your Amazon, um, you know, Bluetooth device.
These are all devices that connect to the internet.
Now imagine if these devices could actually like settle, settle things, uh, talk to contracts,
actually do things, not just receive and send information.
Now, if you put one more thing on top of that, now it's called economy of things where now
that the IOT devices are actual economy, rewarding you for whatever data that you're bringing in.
So wing bits, uh, this is a great example.
I like to use right now.
Uh, wing bits is actually building on the peak network where usually, uh, flight data,
you know, people, uh, put antennas up or, you know, uh,
at airports and at your own house and there's flight data with radar.
So nobody ever got paid for that data, right?
It was just a lot of hobbyists, you know, doing it for, for the hell of it.
Radian actually buys this data for over $200 million every single year.
So now imagine you take a raspberry pie, you hook it to an, you know, your own antenna.
And now you put the antenna outside your fucking window.
And now you're part of wing bits and you're, you are supplying, you know, airplane data,
uh, to, you know, whoever needs it.
Now you're going to be rewarded for supplying that data.
Same thing you're seeing with map metrics, right?
You put the device in your car, you drive around, you get rewarded.
Instead of Google maps, just taking, you know, everywhere you go,
they're just taking your data and you're not getting rewarded for it.
So I'm just really excited for deep ins that every sector can be involved.
Uh, whether, uh, I used to always make the, the joke ice nose from golf, the garbage,
uh, but now like there's voluntary recycle credits.
Um, you know, now there's garbage RWAs.
Now that's going to make, you know, that more, that, that sector more exciting.
Cause now we can bet up or down.
Right.
So I'm excited that it doesn't matter what sector you come from.
Um, machine RWAs and deep ins.
There's like your sectors in this and seeing like Bosch come out with, uh, they're coming
out with a new sensor that has eight different sensors and a gyroscope.
And, uh, the sensors actually can be combined.
So it's like an all in one sensor device.
That's going to connect to a lot of these apps that are on the peak network.
So you'll be able to do, you know, multiple things.
Maybe you walk around for the day you get $20.
Uh, you're doing your airplane intended for the day.
You get another $20 of rewards and whatever you can put your brain to think about a Walmart
truck, right?
It's full of fucking meat or a refrigerated truck of Walmart.
Now, what if that meat, the degree goes, you know, uh, uh, past a certain, certain point
in the meats bad, usually for that settlement to go through for, uh, the trucker, uh, the
farmer Walmart, you're going to have to hire a lawyer.
It's going to take a year.
Think of the IOT device that's in, uh, that the refrigerator truck, it gets to 40 degrees.
Everything is settled instantly through the device.
Um, instead of waiting a year, wait, paying lawyer fees, uh, and wasting a bunch of man
time.
So, uh, you can really break it down from, from, from any sector, from healthcare to agriculture,
uh, smart mining, smart cropping.
And then you could also break it down even more where you could fractionalize like something
like smart mining.
So you got D pins doing one thing and now you could fractionalize the, the drones, uh, doing
the agriculture checking.
So like, if people think this is a meta or like not really like happening, look at all
the companies that are involved from Vodafone, A and Z, which is one of the biggest banks in,
in, in Australia.
You got a swift, which, you know, Iles told you this before.
We all use swift every single day.
It's when you, when, when I pay aisle on Zelle, if I pay, uh, my bill for my electric bill,
that's all being processed through swift.
All these companies are coming to, uh, RWA's and D pin and don't think just cause like they're
all guessing.
No, they, these companies don't F around.
They've all came in the last 90 to 120 days.
Airbus Bosch.
Like I said, they're not playing around.
So if anyone thinks this is a meta, like, I hate to break it to you.
It's not.
Damn, bro.
You know, uh, we were just touching onto the surface of things, but you know, just like
throw the, throw the mic to Scott and the Scott just opened like 50 rabbit holes for
us to go down and to really, to really dive into.
But damn, man, like all the way from like these, um, like instant settlement.
That's like the one thing that really caught my head there and like different ways to utilize
this upcoming technology.
It's incredibly bullish.
And honestly, we are really just scratching the surface of it, but like, damn, cause like
the way I kind of, um, the example I had in my head, um, it's, it's honestly very, very
shallow compared to what you just described to me, but I'm thinking of a traditional centralized
system.
Let's just say Google maps, for example, right?
It's very centralized.
It's a company running things, but then we have other apps that are trying to do the
same thing as Google maps.
But instead of being a centralized app, um, like these are, these maps are basically created
by user data, which kind of goes, which ties with, uh, Scott was saying everybody,
that contributes to building these maps.
We are all contributors to the system.
There's no one centralized platform that is providing this information.
So like deepens in general, I feel like for me, it gives them, would you say it's like
a, it's like a way to get the consumer more involved?
You said it, bro.
So what, this is the connection.
Like we always go, how do we onboard?
How do we onboard?
If you go into the wing bits discord, that's the airplane antenna one.
Those people are not in web three.
Most of them, most of them are already.
Many people who, who are hobbyists in the airplane, uh, antenna, whatever you want to
call it, hot hobby that found out about this.
And now they want to, you know, they're like, wait, what?
I used to just give this data for free for the last 35 years of my life.
Now you don't, you could tuck the wires.
You're not really explaining, you know, blockchain and all this stuff.
You're like, yo, you put your antenna up, you hook it to wing bits, you get rewarded.
You know, that's real simple.
We didn't even mention blockchain web three, nothing like that.
So I, I don't want to take more time, but I love what you said, because I feel like
deep in is going to onboard a lot of people that, you know, wouldn't even be interested
in any kind of speculative, uh, assets or, or, or crypto.
It's just, yo, oh shit.
I work in the garbage industry.
Now I can bet if cubic recycle goods go up or down, you know what I mean?
Like it's very simple, very easy to explain to our dad or aunt or whatever.
So I love how you said the ice, cause that, that's the biggest part why I said, yo, this
is what is going to bring like a lot more people to the technology, not, you know, how are we
going to onboard all the next million?
That's not going to happen.
So let's just bring the web three cool stuff to web two.
Hell yeah.
I love that, man.
And I immediately, well, the moment you said that we got two hands shot up right away, but
you know, before we go to whiz and before we go to Sterling, I got to give a proper
introduction, which I think I might have already done so already, uh, to damn it.
Now if I, if I, if I debated him and didn't give the mic to aisle, he's going to be so
mad at me.
Uh, but please, you know, you know, we're talking about you.
We've been amping and hyping you up for the past 10 minutes.
How are you doing today, brother?
Dude, I'm doing great, man.
No, I love the hyping up.
And, uh, I just want to preface everything I'm about to say was if I sound awful, it's because
I feel awful.
I I'm sick right now.
I'm very congested.
I don't know what it is.
Um, I went to Austin, Texas for new year's.
It was a ton of fun.
Um, I think my sister got me sick.
She, she is always sick all the time.
So she probably got me sick.
Of course.
Um, always blame my sister for everything and my family members, of course, too.
Um, but all jokes aside, no, I love, uh, I loved what Scott said about, um, about deep
pens because I I've been like deep in the RWA stuff for a bit, but the deep end stuff, I I've
only just like recently started researching.
Um, and I didn't realize that things like file coin and helium were all deep in projects.
And I was like, Oh, like this all makes sense.
Now, like helium network being like the cellular, you know, cellular data structure or that,
you know, cell phone, uh, data, like decentralized network.
And then, uh, file coin being like the decentralized data storage network, which I think that's
like one of the oldest, like alt coin projects out there.
So like this, this deep end stuff has been going on for quite a while and I feel like
it's just going to get more and more popular.
Just like Scott was saying, it just makes complete sense.
Kind of, you know, bringing more power and more revenue share back to the, back to the
consumer and back to the users, um, in a way from these like monopolizing central entities
like Google, which, you know, to their, to, I don't want to like, you know, villainize
Google by any means.
Like they've done a lot of, you know, good work and a lot of like progress and like,
you know, the, in a way of like, you know, providing services and, you know, advancing
technology to, to its users.
But, um, at some point, you know, they do form that monopoly naturally.
And I feel like with this technology, you can kind of naturally unravel that monopoly in
a, in a very, uh, you know, economical, uh, beneficial way to, uh, to, uh, end users.
Anyways, um, with, when it comes to like RWA is kind of like what Scott was saying as well
with, uh, you know, depends kind of coming in and, you know, bringing onboarding users
without really, you know, without them even knowing, I feel like the same thing is going
to happen with RWA is, uh, just in the financial sense.
Like I, like I've talked about before, how, how like blockchain technology is the next natural
step in finance and like how we interact with each other with, with finance.
And what I mean by that is like a blockchain, like, you know, let's just use Ethereum or,
or even Avalanche as an example.
Like you could basically make that the, the under, like the, the underbelly, like the layer
one essentially of the entire financial infrastructure that we all sit up, sit upon kind of like the
base layer of a cake.
And then you have like the icing of the cake, which is like all the stuff that we trade equities,
treasuries, you know, us dollars, everything that we own is eventually going to be tokenized
and put on the blockchain because it makes more sense to do so.
And so, you know, what blockchain benefits or what ecosystem benefits most from that?
I don't necessarily know.
I don't have a, you know, crystal ball, but, um, I think like we're going to see one of
these chains or if, if not multiple chains benefit from like the U S government and from,
you know, the U S financial system adopting these technologies and just like, you know, kind
of inserting them without people even knowing, like, I feel like Wells Fargo and bank of America,
for instance, like they're all going to, you know, start utilizing blockchain technology
at some point, maybe in the near future, maybe not.
And then your dollars are all just going to be tokenized dollars.
You know, like it just makes sense.
We're already using tokenized dollars.
We're using tether.
We're using circle.
Those are all tokenized real world assets right there.
You're all using them already.
And so the next natural evolution of a bank account is a wallet and so on and so forth.
Um, so that, that's my comments so far.
Um, again, I'm just like, my head's like kind of feeling crazy right now.
I'm on a bunch of medicine.
So, but yeah, thank you for the intro, man.
No, thank you for that.
And real quick, before we go to Wiz, because you recently, uh, you just published a paper
about RWS for the syndicates network, right?
So without, um, without spilling too much of that token gated sauce, can you just briefly
share a little bit about what you've been researching on and what your writeup is about?
So, yeah, thank you, man.
Um, I've been doing a newsletter, uh, regarding individual, uh, protocols in the real world asset
space.
So what, what my plan is to do with this newsletter is basically just research on a weekly basis,
different RWA protocols in this space and just kind of simplify them or break them down
for the, for the layman to, to, you know, kind of understand.
Um, because a lot of these white papers are very complicated and I just feel like people
are like, you know, TLDR, they don't want to like read the whole thing.
Of course there's like, Oh God, like, what is this?
Like, what do they do?
I don't really care.
Um, cause obviously the end user, you know, the consumer just cares about how it benefits
them rightfully.
So, you know, everyone's like, Oh, you know, how do I make money on this?
Just like you said before.
Um, so my, my plan with the newsletter is essentially to take real world asset protocols, research
them, kind of break them down in a simple way, and then talk about maybe the tokenomics.
If they have a token out, talk about how feasible their token is, um, where their market
position is, um, kind of, you know, how feasible is their idea and like what hurdles they might
face in the future.
Just so people have an idea.
Um, I released my first one a couple of weeks ago.
Um, it was regarding a company called block apps.
Um, they're very, very old.
I wouldn't say old, very old, sorry.
2015 is not very, very old.
Jesus.
Uh, that's web three talking web three's rotting my brain.
Um, but yeah, they came out in 2015 and they, um, they basically released a kind of business,
uh, business first mindset in, in terms of like coming in the RWA space.
And so they, their main focus was on privacy because like there's a lack of privacy when
it comes to just like trading on Ethereum, for instance, like all the data is available.
Like everyone can see all the data, which, you know, that that's kind of integral to
blockchain.
Um, and so a lot of private companies have an issue with that because they have an issue
with like putting all their clients, uh, data as well as their own on the blockchain
for everyone to see.
And so block app solution was, oh, we'll just make our own blockchain then.
And so block apps has their own blockchain.
It's kind of like a, it's a public main net that's attached to a bunch of different, uh,
private subnets, kind of like Avalanche.
Um, and they, uh, you can basically tokenize all of your assets on there.
You make an account, you go through the AML, uh, AML and money laundering, uh, anti-money
laundering, uh, right.
You know, uh, KYC stuff, the kind of, uh, things that the government likes to see, you
know, just so you're verified and you're, you're, you're a real person.
Um, and then you can trade on their platform.
Granted their platform isn't very large, but, um, but yeah, my, my article goes through
most of this.
So if you want to check that out, it's, it's a link in my, my profile.
Um, it's on my bonsai newsletter.
Yeah.
Um, that, my first one came out, like I said, a couple weeks ago, I plan on releasing another
one this week.
So be on the lookout for, uh, all those protocols coming up.
Hell yeah.
Thank you so much.
And actually, if you have the link for that, bro, uh, you can feel free to go ahead and
pin that, uh, or, I mean, if you want to, you don't have to, but if you want, if you
want to publicly share your newsletter, please feel free to pin up that right up on the Jumbotron.
And basically what I was saying is that, yeah, he's basically creating tutorials for
idiots like me.
And that's what it comes down to.
Cause fuck, if I can understand this shit, everybody else in the audience, you guys better
freaking understand this shit.
But without further ado, thank you so much.
And I want to pass the mic over to my guy, Wiz.
Wiz, man.
Holy crap.
We actually haven't spoken in months.
How are you doing, brother?
Yeah, I'm chilling.
How are y'all doing?
Doing good, man.
Doing good, man.
How was your New Year's, bro?
I, I truly went and touched grass, believe it or not.
Uh, uh, round of applause sound effect.
Blah, blah, blah, blah, blah.
Very nice.
Wow.
Where'd you go?
Please enlighten me.
It, um, I didn't really go places.
Literally.
I just decided to unplug because I had to fairly, uh, looking back anyway, it did occur to me
that I had a pretty intense output for context.
A lot of what I focus on is, uh, documenting and analyzing the intersection of arts, culture
and tech.
And I started doing it simply out of frustration because a lot of the Web3 related topics were
so cutting edge that there was no real resources for, for me to look into it.
So, uh, you know, I pulled a Thanos on here and I just put on the gauntlet and I said, fine,
I'll do it myself.
Um, and afterwards, after publishing the first couple of articles, it occurred to me
that, um, people were actually not just subscribing to my stuff, but they were paying me for it.
So I didn't really care then, but I just kept on going.
And fast forward to now I have well over a hundred hours of audio content published and
well over 52 articles.
So that's like an average of one article a week and two hours of content a week.
So I don't know how the hell I did that, but that happened.
So that's incredible, man.
I can't believe.
Wow.
So you really have been doing a lot behind the scenes.
I'm really happy to hear that.
Um, you mentioned that you took a, you had to take some time to unplug because like things
were frustrating you, but you know, out of all the spaces that we, uh, that we reunite,
it is this one that we ended up reuniting in.
So bro, like just curious, um, as a writer, as a content creator, as like a video audio producer
and all that, what fascinates you, um, about RWAs?
I mean, so I'll be very frank.
Like this is that side of web three that definitely flies over my head as honestly, most of it
tend to do.
And that kind of feeds into the frustration I spoke about just now.
But one of the things that stood out to me though, is that when Scott for earlier was
talking about this idea of, you know, investing into the garbage man, it made me realize, oh
yeah, so you're talking about carbon offsetting, you know, like it's actually a real concept
from what I understand.
It's, um, essentially companies are essentially given little, you know, fancy points so that
every time they go out of their way to offset their carbon emission, they earn something.
So instead of incentivizing people that way sounds interesting, definitely have my own personal
thoughts about that.
But that's like the thought I connected in my head.
You know, I agree with you, man.
Um, in terms of like RWAs or any kind of a newly advanced trending tech and narrative,
it's a lot of learning.
And, um, and you and I spoke about this in private before, but, uh, basically learning
anything is going to be challenging.
Learning anything new is going to be stressful because it takes time, it takes resources,
and it requires you to recalibrate the way that you already understand something.
And let's be real, if you're, if you're monetizing in a line of work and you're even doing this
for years, right?
If you have to change the way and rewire that structure, that infrastructure, like, damn,
it's, it's very, it's very daunting and very annoying to do because like we are already
like somewhat successful doing the stuff that we're doing now.
Why is it that we have to restructure everything in order to adhere to this new meta?
Right?
So I totally understand where you're coming from, Wiz.
And, uh, and I hope that in the, in the, in the coming weeks and months, actually, that
we're able to really pick up on more on about this RWA narrative.
And, uh, hopefully both like, both like creators like you and I can actually implement this tech
into making our content.
If I may share one more thing too, one of the things I noticed is that Scott Foo is like
a music affiliated person.
And one of the things that most people don't really know about is that, um, all of the top
charting songs, um, which is kind of funny, right?
Like billboard charts.
I think, uh, if you look into it, you realize that actually these songs are essentially assets
that are being gambled upon very similarly as what's being done here in Web3.
Um, and the people doing the gambling typically are the execs.
So I'm, I'm assuming Scott wants to weigh in on more on like the garbage bin thing that
I mentioned, but I'm pretty sure he could also connect the dot there too.
Yo, take it away, Scott.
Oh yeah.
No, uh, I, uh, I, you were cooking, bro.
I just wanted to, uh, when you were talking about legacy systems, um, dude, they're hard
to be broken.
That's why they're called, you know, like, uh, we all know that's why these things are
been around and, you know, from the music industry to aeronautics, right?
Like nothing's changed, man.
Like the planes may be changed the tech part and music changes, but like almost, it's almost
all the same big execs, you know, at presidents, uh, and execs at, at the companies, or if they're
not like the front facing, they're on the back.
Uh, but that's what I kind of love about this.
It's such a big challenge to break a legacy system, but imagine, you know, the reward
when, when, when you do, you know, like, uh, it's a lot of information, especially like
I'm glad you brought this up.
Cause I love these as example, everybody knows, yo, I'm from the music industry and I'm an
artist.
I like to draw shit and I like to play the fucking piano, right?
I got to manage a lot, uh, a lot of cool artists and a lot of big, uh, video gamers.
So my icky guy, you know, I'm Japanese, but how could I put all this together, uh, in web
three?
Right.
Uh, you know, what, what, what, what can be my calling to, to build all this?
So just know that if this stuff depends in, in, in machine RWAs, EOT, yo, I didn't know
about any of this stuff past six months ago.
Like, this is just, yo, knee deep.
I'm out to, I'm out to really cook, uh, you know, first, how can I apply it to music?
You know, cause that's what I know.
And then now, okay, cool.
I have some ideas about that.
Now, how can we really cook with, with the web three part?
And so I've, I've just learned all of this.
And like what I said, it's not like it doesn't come overnight, but it's just something that,
uh, you know, same thing I will tell you too.
It's like something you see in the future, follow the money.
Like I said earlier, I'm like, yo, this is, there's something here.
So she, when you're seeing $4 billion in volume, I was like, you know, there's something,
there's something to be, to be said here.
And if a musician can do it, that, you know what I mean?
Like, there's like no excuse for anyone else, uh, not, not be able to learn with, within
like, you know, a month, you can at least get the, like all the basics down.
Like, I'm not trying to sound smart.
I'm not trying to sound like I'm just like, me and I are not trying to be like, we're this,
these legacy breakers and, you know, catch up.
Like, yo, like this is a new ass space and we were all going to do it together.
Like I'm going to need to ask somebody from logistics or, you know, I didn't work in that
kind of business.
So we're all going to need each other and what we did in our past lives to, to make
this deep end thing really cook.
So like, again, was, was, I was really excited about, uh, is how, you know, a garbage man
who thought he didn't have a place in web three.
Now, you know, maybe he could get down and figure something out that we don't know.
That's a problem from the waste industry.
Or, you know, now you're seeing Vodafone, uh, already do, uh, working on some supply chain
thing, like instantly, bro, they didn't waste no time and already cooking.
So like, it just takes, yo, talk to somebody from the airline biz, talk to somebody from,
from golfing, you know what I mean?
What's the problems in golf?
All right.
Is there some kind of IOT sensor or some kind of machine RWA?
We, we can make data from graph that data out and sell it to, to these big dogs.
You know what I mean?
They're going to buy it.
Uh, and music with, I'm glad you said this, man.
There, there's so many systems to be broken and, uh, the speculative thing drives me crazy.
And it's so crazy.
You're saying this, Wiz.
It's actually what I'm working on, my brother.
Uh, so I teamed up with, uh, one of the top three biggest labels to, to, to figure out,
uh, a new aggregator other than SoundScan.
So if anyone doesn't know what SoundScan is in the music industry, we all can look at.
So say Wiz is, is a singer, right?
And he's, nobody's heard of him.
He just dropped a single.
There's a program aggregator type thing.
We can all look at like, like if you're an A&R or a label, label exec, you can look at
this program and I can see everything Wiz has done literally like to the second, whether
it's plays on YouTube, it's Spotify.
And it gives me kind of like an ID and a score where I can put a deal together for Wiz and
be like, yo, I can offer you a hundred thousand with a 50 grand up front, whatever, you know,
whatever the deal is, but it's a, it's a messed up system.
It's a gamble.
Wiz just literally said, like, I don't, I can take all these numbers from this aggregator
of this musician.
And you don't know what if he has drugs in the car, the next, like you, what work, there's
a lot of things that could go wrong.
So how can we make the things that we can control exact?
And that's when you bring in AI and you bring in other stuff.
I can't really talk about right now because I'm going to get in trouble.
But Wiz, I'm so glad you brought that up because a lot of people don't really look at it like
that, but it's all the gamble.
It's all speculation.
And it's been like that.
And there has to be a better way for an independent artist to go, yo, I got 50 grand.
Uh, how can I, you know, get Metro Boomin to be my producer?
Uh, can I get Cole Bennett to do my video?
There has to be some kind of system aggregator for all this stuff where the artists can, can
take care of themselves, but also the label and the independent labels can come up with
a better number where it's not a speculative gamble.
Uh, but I don't want to get in trouble because I don't want my team to, to play this recording
on my ass, but, uh, Wiz, bro, I love that question.
Cause it's, it's something that's not talked about at all.
Uh, unless you're like in the music industry, obviously.
Well, you more than happy to talk my ear out about it.
Cause like I said earlier, man, I do research.
That's like the thing I use this account for.
Uh, I can't DM you cause I'm not like a blue check mark holder.
So Elon Musk is segregating me right now.
So I just followed you, my bro.
I just followed you, my bro.
Let's let's cook, man.
All right.
See you, Les.
Oh yeah.
Love to see it when networking happens in the middle of the spaces.
That's always one of the most bullish thing about spaces.
I'm not going to even lie.
But bro, I think when it comes down to, um, what you were saying, Scott, uh, it comes down
to transparency and traceability, right?
Like when everything that we do is like, fuck, like if only we had more information, but then
it comes into a system where it's like, when, when is it too much information?
And when is information like not enough?
That, that fine line needs to be distinct.
And we need to be able to illustrate that like really concretely, because until we can
do that, like we're really just playing with fire at this point.
And like the last thing I'll say about them, the legacy systems, um, changing, it's one
of the hardest things to do.
Uh, we literally just spoke about it.
Like why, or why change when everything works perfectly?
Right.
And it's not just about like changing the infrastructure and the systems.
It's about the process that, uh, that it takes to get there.
So let's take music, for example, um, since that is, that is your bread and butter, like
in order for the legacy system on the, on the, for music to change, the method of demand
has to change first, just like you saying earlier, right?
So when the, when the demand for music changes, then, okay, artists will, will be able to take
that information and then we got to think, okay, so we got to change the, the, the content
style because the demand has changed.
Now we got to figure out how to deliver this because the delivery of the product
is also going to change, right?
We had to make ways for the delivery of the product to be streamlined, to be really easy
to digest and only then can the system change.
So there's so many steps along the way.
And dare I say, honestly, we're not even, we're barely even at step one.
And if we screw up step one, then everything, everything after that is going to be screwed
So if we screw up step one, it's going to be a cascading trickle effect.
So not only is it difficult to change the infrastructure of the system, it is really damn hard to even
change the simple demand and delivery of the product.
But that being said, I'm going to go ahead and toss the mic back to my guy.
Oh, what you got for us, bro?
Oh, I mean, um, kind of like, I just wanted to add on the, um, I, I, I think Scott was mentioning
how like, this is like, you know, there's a lot of like legacy infrastructure in place
that like, like, or sorry, you mentioned it just now.
I just, you said that, oh, it works, you know, it works perfectly.
And it, it, it kind of doesn't, it kind of doesn't.
And that's why, that's why people like BlackRock are coming into this space because they see,
again, they see this as the future.
They're like, oh, like we know what this is because yeah, could a company like JP Morgan
make their own blockchain, which they totally did.
Could they make their own blockchain and, you know, do things on their own?
Yeah.
But when you have a private blockchain, what happens is you lose the entire purpose of a blockchain.
The entire purpose of a blockchain is to have multiple nodes and validators spread across
in a decentralized way to basically make it so one, the network never shuts down.
It's always going to keep going forever.
And two, it's super secure.
So like, that's why, like, you know, for instance, Bitcoin as an, as an example, as long as there's
one miner in the world running, that system is always going to run.
And so like, like, let's, let's take it back to traditional finance.
Like if this, when the stock market, when, not if, when the stock market is, is, is tokenized,
like when the entire stock market is going to be on the blockchain, the stock market will
never close because it will never have to close because it has to close right now because
there's human operators, there's lots of moving pieces and intermediaries in the mix.
But when you put it all in the blockchain, a lot of those intermediate intermediaries become
pointless.
There's no point in having them because you have smart contracts replace all of them and
it's, and it's all automated.
And so not only that, you have the whole system as the whole system becomes interoperable and
super auditable.
And so like people, you know, misallocating funds becomes less likely or like, you know,
like fraud becomes less likely because it's all in a transparent, like open chain and it's
all interoperable.
And, and again, it comes back to the privacy, you know, problem as well.
When you have things in the blockchain, it's kind of like, Hey, you know, how, how will companies
like JP Morgan or why would they use a public blockchain compared to a private one when all their
data is just kind of out and about?
And I, it's hard to say like, will they, won't they?
I don't really know.
That's why I'm bullish on things like, like I've said this before, I'm bullish on Avalanche
because you have like a private subnet infrastructure.
And so these companies in these video games can have all their private blockchains to
themselves, but they're not cut off from the rest of the world.
So you can like off board on those, you can off ramp from those subnets and go onto the
main net, go onto the main Avalanche net.
And it's, it's super easy and it's all permissioned, of course, which, you know, a lot of people
will be like, Oh, well I want permissionless and decentralized when I think the future is
going to be kind of a mix of both.
So like, you're going to have like these centralized, like mini chains all talking to each other
on the broader decentralized chain, if that makes sense.
So I just think like these systems now that we have in place, yeah, they, they work quote
unquote, but they only work for certain people.
Like kind of like the music industry, the music, the music industry works, but it primarily
works for all these giant corporations that have run it for, you know, decades now, or,
you know, centuries at this point.
And the musicians keep getting screwed and screwed and screwed.
So I think, you know, web three music definitely has a place.
Now I'm not even going to talk about it because I don't know much about it, but I just know
that in the future, there is a place for something like web three music.
And there's a place for RWAs and D-Pens and, and, you know, finance and DeFi and stuff.
So I just think that it, yeah, like I, like I said before, it currently works.
Could it work better?
A hundred percent.
Yeah, dude.
And actually, uh, this is something that we actually, you and I discussed this on stream
just last week.
Um, one of the things about RWAs being like asset verification, right?
Like how, how do we, how do we do it?
Is this real or not?
How can we trust this body and this entity that is actually doing so?
So I think this is actually a great opportunity to kind of, uh, just quickly reset the room
and just, uh, we'll switch up the topic a little bit about the RWA thing.
And while I want to go back to you, Al, and I also want to pass the mic over to Chris and
McDollar as well.
And also Scott regarding this topic, because I'm sure you guys have something to chime in
here, but yeah, uh, before we do that, please bottom right corner, give us a like retweet
and post a comment on the spaces, because if you guys do that, and if you guys are following
the in Leo house account up here on stage, you guys will be entered into a
raffle to win $25 and we'll be choosing two lucky winners at the end of the show.
But with that being said, let's get our soft reset on the spaces going.
And I want to ask you guys, our panelists up here, what do you guys think is the biggest
obstacle when it comes to the verification of assets?
And I'm going to toss it out real quick, cause you were literally just speaking about this.
I mean, the biggest obstacle when it comes to verification of assets, um, I would say
is like you have, I'm going to kind of spill some of the alpha I'm working on right now.
But, um, so one of the articles I'm writing right now is regarding a protocol that is similar
to block apps, but, and colony, I would say everyone here knows the colony.
Um, it's a protocol that's very similar to what they're doing, but they're doing it in
like a completely decentralized manner where there's like, there's like no central intermediaries
that can verify the items.
Now I'm still doing my research, so I have no idea how that works.
So I was like reading their white paper and I'm like scratching my head, just going like,
how do they do this?
Because what the colony is doing is, you know, what they're doing makes sense.
You know, they're, they're providing a way for you to tokenize these, these items, uh,
these like, you know, let's just say Pokemon cards, cause those are very popular.
And so you send your Pokemon card to this vault that, that they, like they have a third
party vault mechanic where you go and send it to them.
They verify the validity of the item.
They store the item and then they give you an NFT in exchange for the item.
And the NFT represents like a redemption, essentially like a redemption token.
Um, and Scott, please step in if I'm, if I'm, you know, misspeaking at all here, because
you, you probably know a little bit more.
Um, um, but to my knowledge, like that's how that, that whole thing works.
And then you, um, you, you have this third party still in place that verifies the item.
It's verified by, you know, several other organizations too, that I don't, I don't remember
the acronyms or the names for them.
But, um, they're very big players in the space.
And so now you can actively trade this token and it's super seamless.
Whereas like, I can just like basically sell my card to, to Scott and he knows that the
NFT I have is verified and checked.
You know, it's like, Hey, listen, this central party, this third party organization verified
that yes, the card is indeed the real version of the card that I say it is.
And so he buys it from me.
He now has the token, which he can then resell if he would like to, or keep it, or then redeem
it and get the real item if he will, if he wants.
And so I think that central parties are going to be at the moment in my, in my current thinking,
I think central third parties are needed for verification.
Um, I can't say to the future, like, you know, where that goes, but, um, I I'll keep researching
this other protocol I'm reading right now and I'll let you know if they figured it out.
Um, which you'll see hopefully Friday or Saturday this week.
Uh, but yeah, let's, let's, let's see.
Um, currently at the moment, I think, yeah, you need central third parties for verification.
Right.
And when we involve central like third parties as a verification means it's kind of boils
down to like, damn, like how can we trust them?
Right.
Like, do we need multiple entities of third party of verification systems in place?
And then it comes to the idea of like, okay, what if one, what if one of these entities
are not as legit as they say they are, then that means we have to involve insurance.
Right.
And when that insurance is involved, like, damn, like how do we prevent insurance fraud?
So it just, there's one thing goes into the other and I'm just, uh, I'm filled with questions
right now, but yeah, tumbleweeds, tumbleweeds, you know, like you have like all these, like
one problem leads to another, leads to another, leads to another, you know, it's, it's yeah.
For sure.
And it's like, and it's, it's not just a, it's not just a matter if it tumbles or it passes
like every single time it tumbles.
Like we, as builders, we have to find out a way to circumvent that.
We have to find a way that it's actually seamless and it protects the people that are actually
spending money in the, in the products that we're delivering.
But, um, I actually, I wanted to ask you the same question, Scott, um, like on the topic
that we're just discussing, like, what do you think is the biggest hurdle or obstacle when
it comes to the verification of these assets?
Um, I think so I, I'll spoke on a lot of it.
I think another, like, you know, cause, uh, I don't have a bag of Titus, like we got to
fix the, the, the, the issues that, that are going to come up.
Um, I, I feel like, okay.
So if I lend something on collateral to a company, right?
Like, so say I, I, I, I was the company, uh, and I'm like, yo, um, I got like 50 grand
in shoes or whatever, like really exclusive shoes or, or whatever it is, whatever, whatever
it is, there's like no, so I'll lend me the E, you know, whatever, uh, there's no like
legal bound, like for me to pay aisle back.
Right?
Like, of course it's D Y O R and it's up to the lender and that's the whole point of stuff.
But I just feel like in web, like in, in, I hate saying web two or three, but in like
regular and a regular life.
That's not going to be really acceptable.
Uh, so we have to kind of think of a way, like, you know, not saying like you don't
pay, you go to prison, but there has to be like some kind of thing where like, like, I
don't know, but I guess like in regular collateral, it doesn't happen.
So I don't know, maybe I'm just talking about my ass.
I just think that I, I just seen some, some shit default lately on some of these protocols
and the person thought they were getting paid back.
Like, you know what I mean?
And then I know it's on the person, you know, but it just, that's not a good look for the
whole space or for like what everyone's trying to do.
Someone defaulting on a physical backed asset, like that made the news, like that's not a
good look.
You know what I mean?
And I'm not going to air nothing out, but you know, like a lot of people already know
what I'm talking about, but we can't have that kind of shit because that's just a black
eye on what we're trying to do.
People would be like, Oh now, like what you said, ice about insurance.
Now you got, you know, uh, the arbitrage scammers from a lot of the cook groups, you know, Oh
shit.
I can lend out, uh, my fucking five pairs of my back to the futures.
And some of them are kind of beat up anyway.
I'm going to lend them an aisle at retail, you know, and now it's on him to sell the five
pairs, you know, cause I, I'm not going to pay you back, bro.
Like I'll just bottom for, you know, bottom for me for the land, you know?
So I don't know.
There's, I don't know like what could be done if anything, you know, like, like I'm, I just
look at it.
Like, it's just not a good look when, when some of those got defaulted on purpose and yeah.
And I guess it's the game.
I understand that too, but for like what, what, what we're trying to like get eyes on
the prize over here, like, that's like, we don't want that.
You know what I mean?
We don't want people lending out, you know, trying to do like something cool to push the space
forward.
And then the other guy is like some dude like, nah, bro, I'm, I'm never going to pay
you back anyway, bro.
I just needed to offload, uh, whatever it is.
Yeah, for sure.
And I actually got a quick follow for you, Scott, and then I'll toss the mic over to
McDolla.
And, um, we were talking about like, um, okay, if you lend something to aisle, like how do
we ensure that I was going to give it back?
Right.
And then we were talking about traditional world and I mentioned, uh, lawyers.
So if you and I had like a, like a real, a real estate transaction in the real world, like
I'm not just going to be like, Hey, Hey Scott, here's my down payment.
We're going to go to the bank and we're going to get this done.
Like, that's not how it works.
You're going to have a lawyer representative and I'm going to have my legal representative
and these guys are going to hold that money and trust accounts.
So there is a third party that basically brokerages that transaction between you and I.
Right.
So I guess my follow-up question is like, what, like, what would that web three equivalent
like look like?
You know, like we talked to centralized, but lawyers are kind of centralized.
Like they're acting as that medium.
It's, it's also confusing to me, you know?
Yeah.
No, like what?
Yeah.
Like you could be like web three RWA escrow, man.
I don't know.
I'm just like making up like words as we go, but dude, ice, this is what I love about like
D pin and machine, like everything we're talking about.
There's so much like open runway.
Like, look, you just really just named something that, that can be, you know, literally like
a company that's not made just like I was talking about that, but it needs, it's going
to fix a problem here.
And I think a lot of the most successful web three companies are the ones that started
backwards.
Right.
They're like, yo, what is the fucking problem?
And not, yo, let's just make up a problem and put blockchain, you know, into that.
So yeah.
Like no ice dude.
I really like now you, bro.
I don't need no more on my plate ice.
No, I love you, bro.
I love you brother.
No, like, dude, that's an excellent fucking like, yeah.
Like you, you get a bunch of these web three lawyers or people that kind of know about the
space and you have this little like, okay, we're doing a million dollar deal, bro.
I'm not having you try to run off on my, my 700,000, whatever, you know, you're lending,
lending them on.
And you bring that web to, and I, and I, my decentralized family, I know you guys are
like, shut the hell up, Scott.
This is so dumb.
Um, but for a million dollar to me, like when it comes to millies, like you're going
to have to like, I ain't just trusting some, somebody bro.
And a new company, I don't care how many assets are on that, on that protocol.
I don't care how many deals they've done.
I don't care what celebrities done a deal.
If it's my, my money, bro.
Like I want to have what I, I, I didn't even really think of like a web three, like escrow
kind of type thing where like it could hold it or just not even hold it.
Right.
So fuck the escrow, just have the person you're both responsible in some kind of way.
Right.
Like, like there's some kind of legal binding to like, dude, if you cat off on my shit and
you know, I don't know how that contract would look like, and you're, you just totally run
off.
Like, you know, there's some kind of, I don't know, some kind of fucking penalty, but ice,
I think like you just opened up a door for, you know, somebody that might want to go to
and that kind of, you know, that kind of operational type thing and handle that.
Like, yeah.
If I can add Scott, I will say, I think, I think what Scott's trying to say here is, and
let's bring it back to my cake analogy.
So like right now, RWAs, they have like, I think I feel like RWAs currently in like the,
in, in the space right now are like a centralized entity, which is like the base of the cake
with the icing.
And then you have like a sprinkle, like a dash of decentralization and transparency.
Like that's like the, that's the condiments on the cake.
Right now.
Now, now it might be now the decentralization might become the cake eventually, but in its
current form, you have these central companies that are like adding this stuff.
Like you need a centralized entity to kind of manage a lot of things still, but that
doesn't mean that they can't do it in a more transparent and decentralized manner, if that
makes sense.
But to say that everything's going to be decentralized and not have a central intermediary in, in our
current state of affairs, it's kind of unrealistic because you still need people to be
accountable.
You need these companies to kind of manage a lot of like a lot of the, a lot of the
transactions and, you know, the insurance as, as Scott said, and just making sure that
people are getting paid and yada, yada, yada.
So I feel, I feel like that's what you're kind of trying to say, right?
Yeah.
You just got, you just put another gear in my head.
Maybe you do it on the, what's that new blockchain?
Blockchain Cantor where you, when you sign up your KYC, AML, like, bro, like literally
you might as well just put your license, like, you know what I mean?
Like it's super like, it's centralized.
Can it be maybe a new protocol opens up?
It's not on the, maybe it's like, yo, we only do, you know, our exchanges do this, our
deals through this.
There's always a new blockchain.
God damn it.
Yeah.
This, this brand, you know, I know that, that can't Cantor or whatever is for like
fine.
It's like, you know, the, the main things for finance stuff, but yo, what, what if
you do what ice just said on that chain where everybody like, you know, you're all your
infos out there.
And then you add that extra step of what I on ice are talking about, uh, you know, that
centralized safety step on top of, uh, you know, that KYC anti money laundering, all
that shit from Cantor.
So yeah, maybe they add something to it.
That's what I'm saying.
There's so many lanes that could get opened up by this.
And I'll, the other part you said too, when you were cooking about the third parties, like
how arcade, um, you know, obviously arcade is not gonna look at the Rolex, you know,
colony is not going to go, yo, you know, send the fatigue over here.
Um, uh, and yeah, there's not that many companies doing it.
And, uh, I think there needs to be more streamlined ones.
It's like, yo, we, we do this, you know, we do watches, uh, we do all the real estate
stuff.
Um, yeah, I, I think that's another open, uh, another open runway, uh, for RWAs.
I think in that specific example, I was, I was more baking than cooking, but, but thank
you for the flowers.
Oh, Jesus.
Well, you know, when you were cooking with that cake analogy earlier, I'm just like, Oh,
that's cake.
Yeah.
Jesus Christ.
Um, but no, like, that's your point, Scott.
Like, yeah.
Web through Cisco services, uh, trust accounts, you know, it all comes down to like who or
what is going to enforce that, right?
Should something go wrong?
Who or what is going to enforce that?
Is that an entity or maybe it's a protocol?
Could something of this effect possibly be done?
Uh, yeah, I guess we're just going to wait and see.
And, uh, Antti, you got your hand up.
Please go ahead.
Yeah.
So I do want to quickly chime in cause I got a comment from cheer up humanity.
One of our listeners commented, uh, very good points raised.
Don't see RWA going mainstream on the current insecure tech though.
As long as clicking a wrong link can join wallet, it would be insane.
Assets oriented chains like red X, sui, sui, I, I don't know.
Uh, I don't know much about this, uh, multiverse X seem to be.
The way to go.
So, um, I just wanted to quickly comment on this because this is some of the biggest problems.
I mean, biggest concerns I feel like is having with RWA, especially when, you know, we were
discussing about having assets tied to digital, uh, wallets.
So like say if we were talking about real estate, the deed, like how, like how, how can
these technologies be, be secure enough that people are comfortable, um, with using it?
Imagining, you know, just, just getting a wallet drain and you're not only losing the coins,
you're also losing a portion of the land.
But that's going to be crazy.
So, um, what are some of your, your, your, your takes on this?
Yeah, let's throw it to Scott and then we'll take it to Isle and then, uh, throwing it back
to McDollar real fast.
But yeah, please, Scott, take it away, man.
Oh yeah.
So I would, uh, the, the, the person asking, uh, I don't really want to bore this space
because it's, it's, it's kind of lengthy to explain, but please look up chain link, uh,
CCIP, um, that is going to handle most of your questions, uh, on the big stuff, like collateral
settlements and things like that.
There's no way, uh, and, and, and to answer your other question, unfortunately, RWAs are already
mainstream.
Uh, I don't know if you were here earlier, but, uh, Swift, uh, Vodafone, uh, the bank
of ANZ, bank of England, HSBC, BlackRock, uh, we could go on and on and on, um, that are
all using, uh, RWAs.
So, uh, unfortunately you can't really say it's not mainstream because they're every day
there's, there's a new company coming.
Uh, but, uh, those bigger companies like JP Morgan, uh, people, uh, over at Onyx, a lot
of them are using a CCIP, uh, which, uh, moves things cross chain safely.
Uh, and I'm just going to just leave it there.
Cause I don't want to really nerd out, but just look it up.
It's not like a hard thing.
I'll look up.
You can look up the diagram, how it works, read a couple of paragraphs, chat, GPT, whatever
you like.
But that's going to answer it for the collectibles that you got some validity there, right?
There's, there, there's not really a new, like Pokemon card blocker.
You know, if you click a wrong link, if I have my courtyard, you know, cards in my wallet
and I click the link, you're absolutely right.
So again, maybe there's something there that, that, that can, that could be like a, a backup,
uh, cloud or something that, that, that makes sure that, you know, the person really has
that asset.
Uh, I don't know how that would work, but yeah, I think that that's another thing that could
be built here.
Yoel, go ahead, man.
I know you're just itching to, to answer all that.
Yeah.
Yeah.
I said, Scott, great, great point about chain link, man.
I was going to mention that.
So yeah, CCIP on chain link.
Excellent.
I mean, necessary, completely integral protocol to everything RWA and everything blockchain
in general.
So if you're don't own any chain link, you're completely fading like RWAs, uh, highly recommend
getting some chain link up just a little bit, even, you know, it's, it's going to be around
forever.
Um, but yeah, this, this kind of speaks back to the point too, of needing centralized entities
like, like, like auntie just talked about getting your wallet drained.
Like, yeah, that, that would be terrible.
You lose that NFT and like what you lose your house.
No, that's not going to happen.
So what's going to happen is like all blockchain and all tokenizing your real estate is really
going to do just speaking to this example is unlock, unlock, uh, like liquidity essentially
in your home.
So you can like fractionalize, you can tokenize your house, you can trade it easier, obviously
sell it, get rid of a lot of intermediaries in the middle there.
Um, but the biggest intermediary of them all, the government is always going to be there.
They're always going to be there involved in real estate.
And so what's going to happen is you'll have the government kind of do its checks and balances
through the blockchain.
And if you get drained, you'll probably have to bring up like a dispute with the government
or with whatever bank issued the NFT to you and say, Hey, listen, my wallet got drained.
I need another like NFT and they say, okay, like, and they just give you another one or
something, you know, like, obviously that's a very simple way to describe it, but you'll
need a central intermediary to kind of manage these disputes.
And that's the biggest issue I'm seeing with RWAs and collectibles in the space.
Currently I'll add is dispute resolution.
And so typically you have like a third party handle all the disputes.
So like, if you get robbed or something, like you have to go to a third party, like kind
of like a court-esque system within a company or a blockchain and say, Hey, listen, like
this guy robbed me.
And then you guys have to kind of duke it out.
Um, like block apps that, that, uh, protocol I wrote about earlier, they have a dispute resolver
within their company.
And so like, if you get robbed, like you can go to the dispute resolver, a person in the
company and just say, Hey, listen, I got robbed.
This guy robbed me.
And they say, Oh, okay, well, let's look into the validity of this whole thing.
And, um, if, if all, you know, checks out, then they'll burn that NFT or they'll blacklist
that NFT that they issued, issued to you before, and they'll give you a brand new one.
Um, so yeah, it's, it's at that person's point, like a centralized entity will be needed to
remedy these, uh, draining issues.
Yeah.
It basically boils down to fraud or insurance fraud, right?
If I submit a claim on an asset being drained, or maybe I just sent it to like a, to an address
and I'm an idiot and I want to be able to, uh, use my insurance in order to get that back.
Like, how can we actually prove that this is a legitimate mistake and it wasn't, and it's
not just someone trying to, uh, to, to activate the infinite money glitch, so to speak.
Right.
There's so many, so many things that comes to verification of assets.
That's, um, it honestly baffles me because like, it's, it's hard enough to do this in the
real world sometime.
And like with the insurance fraud that's happening in web two.
So take that a step further, open up all these floodgates of danger zones and potential ways
that you could be scammed.
Like how in the world are we going to, are we going to get around this?
And I think this is a, this is what I love about this topic so much.
But that being said, I'm going to toss it over to McDollar.
Um, bro, like, what do you think, um, like, what do you think is the biggest obstacle when
it comes to the verification of real world assets?
Hi everyone.
I think I heard about a lot of, uh, sharing from Scott and also, uh, actually, uh, the
most difficult part is when you want to validate it, validate the asset that we want, uh, the
company want to bring in, in the tokenization of the real world asset.
So I believe based on the conversation just now, I think there might be a lot of job opportunity
and industry will be created from this space.
Probably, uh, the intermediaries that controlling the transaction.
Uh, the valuations or to payment on the right contractor party.
Like I put this way, few steps back, like how we transact a mortgage or when you want to
buy a property, reading buyer, reading seller, that is correct, a demand and supply.
That is where we gain the value of the property.
Let's say the property is about a hundred over thousands.
Doesn't mean that we mentioned that price, the value, the market value will be there.
So here we need the property value to come in to gauge the value.
how much it worth.
That's where the bank came in and give the mortgage.
So I think, uh, if let's say we talk about real world asset, uh, we do need this kind
of intermediaries to validate, to facilitate, facilitate all the transaction to be genuine
and perform timely.
So, uh, hope this clarifies.
Yeah, for sure.
So like, uh, the, the example that you gave, um, McDollar, basically if, um, if I'm, if I'm
trying to buy a house, uh, I need the bank to come in and do a property assessment and
evaluation on what this house could be worth.
So we take the bank's word as the, as the, as the entity that is the expert in this space.
And based on what these guys say, it, where we kind of put our own labels, uh, to like
what this property is worth.
And based on that, then they go back to the drawing board and crunch the numbers and to
determine like how much we can reasonably borrow based on how much down payment we have.
And I think it goes back full circle, right?
Like if this, uh, if we needed an entity to perform this asset valuation in web three, how
do we know that these guys can be trusted?
These guys must have a lot of them, a lot of, uh, a lot of positive, uh, history in this
space so we can actually rely on them as a, as a reliable source of this asset valuation
information.
Because if we can't, if we can't find someone that is, or an entity that is able to provide
that, that, that asset valuation, like we, we kind of go back to the full
circle and we, we, we, we don't have a body that is able to do that.
And we don't have the means of truly bringing this decentralized, but thank you for sharing
with us, uh, McDollar.
And I want to ask Chris the same question and then I'm going to toss it over to off.
But yeah, Chris, man, what do you think is the biggest obstacle when it comes to the
verification of, uh, of real world assets?
Wait, did I rug?
God, I hope I did.
No, no, you didn't rug.
Okay.
Okay.
I'm still here.
I'm still kicking.
I'm still alive.
Wait, um, McDollar, you, you are muted just now.
I think, I think, uh, maybe he's away for a toilet because he's like over one hour plus.
Gotcha.
Gotcha.
No worries.
Chris.
Hey, I, I, I, real quick, just to reply to you, what do you think about parcel?
I don't know if you've seen that yet.
It's, uh, it's, uh, like a real estate speculation.
You can really, you speculate on rising and falling real estate markets, like all around
the world.
And then you can like, even like, you could like bet up and down, you know what I mean?
You could, yeah.
So you can long and short.
Um, and yeah, it's a decentralized trading platform for like real estate, like city indexes,
basically.
Uh, so I don't know.
I thought it was super bullish, obviously not financial advice, uh, but definitely farming
parcel.
Yeah.
Uh, I mean, not, I don't, I can't say if I'm farming the token or whatnot, but I really
do like, uh, what they are doing as a means of service because I think it's pretty safe
to say like, not every single one of us here in this space are quite at the level of like
owning, like owning our own property or being able to afford like a 200, like $200,000 down
payment for a mortgage, at least opening up here in Canada.
These properties are absolutely ridiculous.
Uh, I don't know what you guys are paying for down payments, but for the move.
Yeah.
Yeah.
I know.
I know.
I'm going down to, I'm going down to Florida aisle, but you know, like for average human
beings like us, it's, it's difficult as hell to have that amount of money, right?
You probably need, you probably need mommy and daddy's help.
You probably need a partner to co-sign on something.
You need more than one person.
So Scott, I feel like with protocols and platforms that give the opportunity with a
lower barrier to entry to invest in something that is, in my opinion, one of the most valuable
assets that you can invest in being real estate.
I think that's fantastic, man, because this might not be the end all be all, but you know
what this will do is that it's going to be a means of onboarding people to better education.
So once you dabble with these platforms, you're going to learn more about real estate.
Once you learn more about that, you might consult the bank for more information.
It's actively going to push people to learn more, to do better.
So I think, I honestly, man, I think this is going to be a start to something very, very
fantastic.
All right.
I'm going to, I'm going to just poke at Chris one more time.
Chris, are you here with us?
If you are, please unmute your mic.
If not, then I'm going to throw the mic over to, over to off.
Chris going once.
Yeah.
Yeah.
Yeah.
Sorry.
Yeah.
Just away from just now.
Yeah.
It's too long.
Welcome back, bro.
Welcome back.
No, we were just doing a soft reset on the room.
And I wanted to ask you, man, like in your opinion, especially with a CDAO as something
that you guys are building, what, in your opinion, what do you think is the biggest obstacle
when it comes to the verification of these assets?
Verification of these assets.
Oh, that, that, that's a very good question.
Let me think about it.
Yeah.
I can, I can, I can dial things back and do a little bit of catch up.
So essentially what we're talking about is like, let's say we're tokenizing real estate
or tokenizing a gold bar or we're tokenizing a Pokemon card.
So, um, the stuff that we were discussing before is that in order for us to really verify
this and to be decentralized, it's very hard because in the real world, if we're buying
a house, we have like a, we have the bank, they can send a property, a property assessment
valuation person to determine the value of your house.
Right.
But on, in web three, like we need an entity or we need somebody that has that expertise,
but is also trustworthy in order to do that.
So obviously like this is kind of a power struggle here.
So, so like in this example, like, what do you think is the biggest obstacle when it
comes to the verification of the tokenized assets?
I don't think, uh, for this moment, I don't think we have the really good standard, like
because, uh, we had to bring all this, uh, all the assets on chain.
So it's kind of like possible for us to do this.
So, uh, probably at this moment, uh, we could get the party to like, uh, duty on our assets
or, or anything to prove that, or we, we are really good.
Uh, we do have all these assets to back us.
So, I mean, at this moment, this is like, uh, to be honest, it's still a long way to develop,
to go at, at RWS.
Yeah, because it definitely is a trend, but, um, it's still, it's still, it's still a
seat.
I mean, at, at this moment.
So yeah, hopefully technologies will be improving and bring us a lot further.
Yeah.
It's, it really does seem like, uh, I think when McDollar spoke on this earlier, this is
going to open the, open the floodgates for a lot of opportunities for new jobs, uh, to
come in place.
Is that, is that what you're going to say, McDollar?
I saw you on mute just now.
Uh, I think it's opportunity, maybe ice you could, uh, venture into this industry, be
the intermediaries of facility, all these transactions to verify all the asset.
Because yes, uh, it's, it's kind of difficult that you want to bring something from real
world to, um, chain.
So that is where we need someone to verify and someone we can accountable with, uh, on
the transaction to validate all these.
Like, uh, just like, uh, how the big four or the third, they are doing their job to
ensure that all the shareholders are being protected based on their audit.
For sure.
I think when it comes down to it, like, uh, protecting shareholders, protecting the investors
of these, uh, tokenized RWA assets is number one importance.
Absolutely.
But yo, off, uh, first of all, good to see you, man.
Also, I haven't seen or heard you and I feel I was going to say weeks, but I actually think
it's months, but yeah, man, good to see you on stage, brother.
I hope you're still there.
How are you doing off?
Yo, I, I, I, can you guys hear me?
I don't know.
I'm on my PC right now.
Yeah.
Yeah.
We hear you.
All right.
Awesome.
So, so, uh, I've been listening in on a space for a pretty long time now and, uh, I'm not
going to lie.
I met Scott yesterday.
Yesterday, I think, uh, the day before in, uh, 50 space and he's, he's like one of the
most, uh, one of the, I don't know.
I just like his takes.
All right.
I like his takes.
And when he starts speaking in your space, I was like, um, holy shit, this guy knows a
lot of shit.
And when he and Ailes combine together, they know shit ton of information that I don't know.
All right.
Because I love RWA and I've been following this art, how, uh, how RWA works and all these
mechanics for the past like two years, but not going to lie, I'm still pretty new.
All right.
I still don't really understand a hundred percent how RWA's work, but based on the information
they have given for the past, um, an hour, right.
Uh, it has been very, very informative for me.
And when I recap this space, holy shit, it's going to be fucking amazing.
You know?
So, uh, I'm going to learn a lot of shit just by writing.
All right.
I, maybe the live shows, I can't really understand much, but once I start writing, I think I'll
get it one by one.
So thank you so much, uh, Scott, for your, uh, informative, uh, RWA, uh, related topics
today here today.
Yep.
That's all from me.
Thank you so much.
Oh, by the way, I, I had to, I had to raise my hand because, you know, I feel like if I don't
raise my hand and say something, you know, uh, I'm just freeloading here.
In the speaker's corner.
Well, no, no, no.
You're not, you're not freeloading because, uh, you've already given the, your, uh, upfront
promise that you're going to be recapping these spaces.
So, uh, wait, if I can intervene real quick, how did you raise your hand on PC?
Is that a feature now?
Oh, no, no.
So, uh, all right, let me, let me, let me tell you guys.
All right.
If you have a very good computer, you guys can install blue stacks, right?
Install blue stacks, enable a virtual something, something I forgot machine in your, uh, bio
system.
You have to do that.
If you're, uh, if you can't like enable that virtual machine by in your bio system, that
means your PC is shit.
So if that's the case, if your PC is shit, just like mine, right?
You can download LD player nine and LD player nine.
I'm using that to, uh, you know, talk to you guys on the PC so I can raise my hand.
I can see everything.
I can see emojis.
Everything's just amazing.
Gotcha.
So basically use an Android emulator or something to that effect, like blue stacks.
Uh, I actually tried that for a while back.
Uh, I tried that to eat in order to get my, um, get my mic without buying like the, like
the extra system for it.
But yeah, at that, that ended up destroying my computer.
Which is why I'll made me get a new one.
God damn it.
I'll, uh, always gonna, always gonna blame I'll whenever I can, but off.
Good to see you, man.
Uh, shout outs to you and thank you so much for offering to do that recap for the spaces.
Always a pleasure to read.
But on that note, I do want to real quick.
I want to say hello to Jonna, who has just recently joined us on stage.
How are you doing, Jonna?
I know you just wrapped up your spaces from earlier this morning, but yeah, how you been?
How was new year's for you?
So, hello, exactly on the time that you started saying, I want to say hello to Jonna, I stopped
to listen to you.
So, I don't know what you said after the hello, but I gotta say hello.
Pretending you just say hello, you know.
Hello.
I'm really happy.
I'm just, just getting out of the gym now and I had an amazing, uh, you know, holiday.
I hope everyone had an amazing one too.
I'm so excited for this year, you know, like the wet tree and everything that is happening
right now.
I'm really, really happy to be here.
I love, uh, uh, RWA, it's very hard to say this name for me, but I love it like for real
and I'm loving the discussion.
Yo, thank you for pulling up, Jonna, even though you just thought you're busy at the gym.
But yeah, uh, before, before we actually pass things back, uh, to the team from CDAO, I
wanted to just ask you real quick, Jonna.
So, uh, what aspect of, of, of RWAs make you so bullish on it?
Well, just because the kind of the opportunity that brings to everyone, you know, like even
a completely normal person can participate into something that maybe couldn't before,
you know, and also I have seen some quite interesting ones, you know, not too many that
I, I mean, I can't even say the names to be honest, but I have seen these projects, like
the one that really got my attention was some that work kind of to, uh, tokenizing the whole
mining, you know, mining, uh, the actual physical mining, you know, I really love that.
I thought that could be an amazing opportunity and it's basically like summarizing because
this gives everyone the opportunity to be part of something that maybe couldn't before,
you know, wait, are you talking, um, I was, I was going to say steady stacks, but I'm pretty
sure that's like, that's completely, uh, incorrect.
Damn it.
Wait, oh, do you, do you know what she's talking about?
Like the, um, the tokenization of like real world mining?
Uh, no, I think, uh, Scott does this.
Scott, don't you know about this?
Uh, what was it?
The real world mining?
Oh, like the smart mining?
Like you, or, or, or the mining, like a facility.
A mining facility?
Jana, did you mean mining facility?
Someone is speaking.
Are we all just rugging right now?
Is that, is, is that what's happening?
I'm not sure.
Okay, so.
I can hear it fine though.
I can, I can, I can be pretty, pretty fine.
No, so, so, so, so Jana was mentioning, uh, like the, one of the projects that are coming
out is, uh, is actually the tokenization, um, of RWAs, but it's, it's involving the actual
physical mining.
Um, I'm not sure if you're talking about mining of tokens or if we're like talking about like
mining of like dirt, like excavation.
Yeah, yeah, yeah, yeah, yeah, that one, that one, you know, this particular one, I have
no, no idea about the name, but it's like, was a actual mining of, I think it's a fear
and basically the tokenization would be to, uh, not support, but to basically pay for the
whole part that we call, um, fuck, I don't know the name in English because I am a mining
engineer, you know, I know, I understand the cycles, but I can, I don't know the name in
English, but anyway, it's a part of really taking the, the mine, the, the mineral and
getting into the place that is supposed to be, uh, you know, treat like the industry.
So from the mining until the, uh, till the, the industry, this gets a lot of money.
So basically they were tokenizing and having people being able to participate, putting their
money and then of course, getting the benefits of getting so worldly into that.
Wow.
It sounds, it sounds super fun.
It's like, it's like, uh, cause you mentioned about mining sapphire.
It could be mining diamond and could be mining other gems, right?
That's the, that's the bit that piqued auntie's interest.
Wow.
Yeah.
Send the link.
I'm going to AP.
I mean, well, I'm love diamonds.
I mean, stones and everything.
I, I, I like, I like diamonds too, but you know, I just, I'll, I'll just take a small
set of that.
That's cool.
Uh, send the, send the bulk of it to auntie.
I'll just take a little bit of the change.
It's all good.
It's all good.
But I appreciate you for sharing that with us, Jonna.
Um, and at this time I do want to just remind everyone, uh, we do have a cutoff and
approximately 26 minutes.
That is 3 PM Eastern.
So, uh, we do need a little bit of time near the end to go through the prizes, but at
this time, I just want to actually throw the mic back to, uh, Chris from CDOW.
And, um, so you guys, obviously, uh, we mentioned that we have a tournament actually going down
next week and along with everything that you guys are building, I just wanted to ask you
guys to share a little bit of more information about what you guys are building.
So yeah, can you, um, can you just briefly explain to us, um, what are you guys building
at CDOW and more importantly, how does RWAs synergize with your vision?
All right.
Uh, thanks guys a lot.
Uh, uh, let me just briefly go like what is CIDA about?
Uh, CIDA is actually a new Web3 casino projects that combines online and offline gambling industry.
So, uh, because we've been doing, uh, gaming platform in Web2.
So, uh, I mean, throughout these, uh, these years, uh, we not only tap online, we do tap
offline platform as well, like what, uh, the, the offline casino.
So, uh, at this moment, we, in, in these few years, uh, we managed to get, uh, our own
casino in Philippines.
So, of course, uh, we do know a lot of, uh, like casino partners all around the world,
like in Korea.
Uh, so, uh, that's why CIDA is actually backed by all these casino experts.
So, uh, we call it as an RWA projects.
So, uh, why do we bring these projects, um, up to Web3?
Because in Web3 spaces, uh, the goal, the global circulation of crypto without, uh, currency
restrictions allow us to build diverse customer base.
So, uh, maybe I can talk a little bit on, uh, what's other WR projects like, uh, than
the normal projects.
I believe everyone is aware that, um, there are numerous projects in the market.
So, uh, most NFT and tokens rely on creating hype for speculative trading.
So, most of the projects are actually lack of substantial utility.
And before the support of a real world business, they're often struggling for, like, long-term
longevity, uh, longevity.
So, uh, additionally, the token liquidity very depends on, uh, attracting new participants.
So, relying on the newcomers to sustain the whole operation.
So, for RWA, uh, we differ from these projects in that, uh, we have a real world business component,
like in CIDAWN, uh, we not all, we not only operate online and we also have our offline business
as well.
So, in comparison, it's bringing more tangible, uh, value to our NFT holders.
So, in my mind, I'm, I'm actually, uh, I don't think not all businesses are actually
can scale with, uh, tokenizing RWA.
But, uh, some projects are coming in for quick liquidity or some are for agenda, uh, other
agenda.
I mean, so, to seek for long-term or mutual success, uh, we need to know why, uh, they
come in to tokenize the, uh, valuable RWA.
For instance, uh, our projects CIDAWN.
We believe in RWA could bring us more value rather than continue to operate in, uh, in a
brick and mortar and mortar.
So, the community in space is huge.
The growth is exponential.
So, as there's a saying, one day in crypto spaces, uh, equivalent to a year in real world.
Whether it's true or not, I believe you guys got an answer.
So, how would it really scale a business?
So, first, uh, solving the transactional issue on deposit and withdrawal.
So, more transparency on chain credit credit worthiness.
So, the second, the space is, uh, the crypto space is still like a CID that, uh, just grow.
So, yet, it still has not grown into a bakery.
So, opportunity is a lot out there.
Be the first mover rather than being kicked out of the lake.
So, the value of community.
Grow with them in terms of size of community and the value that carried by the projects
to their communities.
So, uh, common goals and mutual growth would bring us long-term.
Like I said before, uh, together, we can go further.
So, uh, now in Web3, uh, because we, we, we, we're doing entertainment industry.
So, um, in Web3, we don't have currency constraint because crypto can circulate worldwide.
So, we want to invite, uh, people from Web3 community to join us as bankers.
So, we believe that we could succeed, uh, we could not succeed with a single brand.
That's why the down concept kicks in.
So, the whole inspirations behind CIDAW is actually to create a decentralized, um, community-driven
platform that redefines the traditional online casino experience.
So, we aim to provide a secure, transparent, and, of course, rewarding ecosystem for users
worldwide and also our, all NFT holders.
So, um, in my understanding correctly that, so, even though, uh, if I invest in a CIDAW
NFT, let's just say I'm not into gambling, I can still reap the rewards of whatever the
team earns on that front.
Is that correct?
Uh, yes.
Exactly, exactly.
Of course, uh, purchasing NFT is actually to represent, like, uh, in Web2, you are part
of the shareholders.
Uh, maybe in Web2, we don't use the word of shareholders, but in Web2, yes.
So, imagine today you purchase NFT, you are kind of like a shareholder of our company.
So, as long as the platform earns money, you get a part of it.
Love it, love it.
Thank you so much for sharing that, man.
Uh, yeah.
Oh, please go ahead.
I think you got a, you got a question for the CIDAW team?
Yes, yes.
So, uh, I actually have a question because, um, regarding what CIDAW said regarding his,
uh, what is it called?
The, uh, project, right?
Uh, many of the Web3 people who lives in abroad, right?
Which is not in Asian countries, let's say, in, um, UK, in the Americas, in the Canadas,
right?
Uh, this standard of model, isn't it like, um, how do I put it?
Isn't it considered itself as a security?
Because we are using a, well, we're turning the NFTs that CIDAW releases into a, what's
it called?
Uh, a share, for example.
It, it, it falls under the security terms for the, you know, foreign countries abroad.
Because I know, I'm fully aware that in Singapore, we are legal to do that.
We can turn an NFTs into a share.
It is by far legal in Singapore, but I'm not sure about other countries.
So, yeah, I just want to touch up on that topic.
Okay.
Uh, I don't think it's illegal currently for, uh, to tokenize your project through RWA.
Uh, is, I think the more sensitive question is whether, uh, could the shareholder take
part involved in investing in the casino-related project?
Uh, yes, they do can invest in the casino-related project.
It's just like, uh, you, yourself, if, let's say you want to invest anything in the stock exchange,
that related casino business, you can still be rewarded with the profit.
So, in terms of that, uh, we are still exploring on the opportunity, uh, and ensure that, uh,
we are compliant with all the legals.
See, then, um, just, sorry, Ice, I just need to ask a few questions.
This is a really good topic, because, uh, most of the time, when we talk about this
in the general Web3 space, right, people will just be like, oh, this, this is a security.
I don't think we can do that.
No, everyone just shies away from it.
But, uh, I believe this, uh, project they're working on, CDAO, right, uh, regarding the
regulations, like, looking at from a Web2 standard, right, um, a lot of countries do
ban casinos online, and it is illegal to trade, uh, sorry, illegal to gamble online,
you know, without having a regulation.
So, does CDAO has any plans to, like, get that regulations from government officials officially?
So, um, maybe, maybe, let, yeah, yeah, yeah, Chris, you, you want to, Chris, you go ahead.
All right, all right, so, uh, I was just going to be talking about the legal stuff, right?
So, uh, the first thing, uh, of course, some of the country, they doesn't really, like,
legalize this kind of activity.
But, firstly, um, the places that, like, uh, I mean, our office, uh, that we operate in
the country, that is actually, we have a license from them.
And, of course, all the games that, uh, we connect, all right, from the games, probably,
this is actually all, uh, licensed as well.
Of course, uh, obviously, the project is backed by a lot of, uh, uh, railroad assets,
which is all, is actually licensed as well.
So, we would say, we try to, like, figure out everything, uh, legalized, licensed, to
make everyone to be confident.
Yeah.
So, imagine if, if you're asking, am I legalized to, like, uh, buying an NFT?
Is it, is it, is it, is it crime?
Of course not.
Because a lot of, uh, I mean, a lot of country, before that, before that, maybe, like, a few
years ago, a lot of country doesn't really legalize that, uh, you are, you are able
to buy a Bitcoin, but, yeah, but we, we, we, we still open our way, we can, and, yeah,
go through, go, go to the exchange and purchase the coin, am I right?
So, definitely, I guess it's all right to, like, purchase an NFT, like, uh, investing
in, like, like, like what McDonald's did just now, investing in the stocks, uh, related
to Casino is actually not, it's, it's legal.
So, uh, yeah.
Thanks, Chris.
Uh, yeah, please go ahead, bro.
Oh, I just want to say, uh, understandable.
Thank you so much.
Um, just one last question, yeah?
Uh, before, I think I have to wrap up the space soon.
Um, so, regarding, uh, yeah, everything is legalized and all that, that's correct, but
how do you plan on, like, let's say, what you mentioned earlier, turning the NFT into
stocks, right?
Because I think that will, that will, the SEC will, like, be at your doorstep already, if
that's the case, you know, how are you going to go about it for that?
Okay.
Uh, Chris, Seedal?
Yeah, I think, uh, is that you behind the Seedal account?
Uh, maybe, uh, if you can, you can chime into that.
Oh, yeah.
So, I think to answer these questions, right, because I think there are quite a debate about
what is the definition of security, uh, because I, myself, in Web2 is a investment banker
and I work for, uh, private equity.
And, yeah, so, uh, yeah, uh, I think because, um, you have to understand how we structure the,
the, the way you own, uh, the, uh, how you own our NFT.
So, uh, as spoken by Chris, right, uh, we allocate 80%, up to 80% of our Seedal's profits to the token holder.
So, uh, how do we distribute?
So, by owning the NFT, right, you are not owning us directly because first, first of all, you don't have the rights to direct our,
you don't have the rights to direct us.
Uh, it is not equity, uh, neither that.
So, you are more like, uh, play, you are more like you own some stakes of our IP, which you can utilize the IP and build your business.
Okay.
We will share later how, how you can build the business with us.
Okay.
And then, uh, 40% of the total profit that we earn from the casino, regardless online and offline, right,
we will pump into the liquidity pool of our MCD coin.
So, what is this MCD coin is?
So, um, this, uh, the utility tokens of our platform.
So, if you stake your MCD, the NFT, right, you will get the, you will get the MCD token by daily basis.
Then, because, uh, why do we want to, uh, pump this, um, 40% of the profit to this liquidity pool?
Because we want to create and unlock the value of our token.
Because there is a plenty of token, right, how the liquidity pool can rely on, right?
Uh, they rely on new people to pump in the liquidity.
The asset itself, right, they don't generate, um, um, liquidity.
So, uh, with this, uh, MCD token, right, the underlying asset is the casino.
So, uh, so it would generate the profit and pump into the liquidity pool.
So, this is not directly an equity or debt instrument, yeah.
So, uh, this is, uh, some of the clarification of the projects.
Yeah.
Thank you so much, Whitwood, for, uh, for diving into that explanation.
Uh, I saw your hand did shoot up in the middle of that.
I'm not sure if you wanted to answer Off's question, or did you have a question of your own?
I didn't really have a question.
I just wanted to add on to, uh, what Off was saying about, like, oh, are these, like, classified as securities or not?
But, and, um, essentially, like, my, the way I see things going is that, like, yeah, we're going to have, we're eventually going to have tokenized securities.
And so, what's going to happen is the definition of a security will most likely change in the SEC's eyes or the government's eyes in general.
And then what that's going to do is basically allow people to release tokens in the form of, um, or, sorry, release stocks and release equity in the form of tokens or NFTs.
And that will now be, like, a tokenized security, essentially.
Um, because I see, I see a lot of what's happening in this space now is you have, like, this, like, oh, my God, like, are these securities, are these commodities, what's going on?
And a lot of this stuff happening in crypto could be classified as securities just because one of the definitions of a security, according to the Howey test, is that you have to have a, um, uh, I think it's, like, what, it's a realistic, like, um, uh, not realistic, sorry.
Um, oh, my God, I'm, like, blanking so bad here.
It's, it's, like, a, an idea or, like, uh, it's, it's, like, an idea that you're going to get profit from that, from that, uh, organization, that you're going to profit from them somehow.
And typically what happens is, like, oh, these NFTs that promise to yield to their, to their holders, those could be classified as securities because now you have, like, a basis of profit, like, from, or, like, yield from that NFT.
Um, and so, I, I think a lot of these projects will eventually be classified as, like, securities and companies, which isn't necessarily a bad thing.
So, the only thing that really needs to change first is that the actual definition of a security in the modern age.
Yeah, if you have a follow-up to that, please go ahead, bro.
Uh, yeah, thank you.
So, um, yeah, uh, regarding to what I think I'll say that, uh, definitely, uh, it's a very big topic that we definitely need a topic about of its own genre with security experts and law experts and whatever fuck shit, all right?
Because I think that's a really fun topic to talk about, to understand.
And regarding what CEDAO said earlier, right, I have another follow-up question, um, but, you know, I'm trying to figure it out what it is, because as, um, I was talking, I forgot about it entirely.
Um, so, uh, this is what it is.
I think, let me think about it.
Uh, so, regarding the, uh, CEDAO, uh, there is an investment committee for every single country, right?
And, uh, you have to dox yourself to become part of the board of directors, dox it to the government, you know, as an investor in a company, you need to keep sharing your revenue stream with the government.
So, how is CEDAO going to go around that, you know, because, uh, in, in crypto, right, all of us are in crypto because we want, we like that anonymity, we love that decentralization.
We don't want to dox ourselves to the government, we don't want to share, uh, we don't want to pay bills, put it simply, right?
So, how, how is CEDAO going to work on that in regards to the government?
Are you talking about a Web2 company or what?
No, no, I'm talking about, because you said that the CEDAO has NFTs that will become shares or equity in some sort of way, right?
But in every country, there is a invest, like a government, like financial, uh, that protects investors from companies, you know, like an investment, I forgot what it's called, the correct term for it.
Um, so how are you going to like, because investors need to like dox themselves and then you need to like, uh, update the government or who is, who is an investor of your company, how much they earning, things like that.
So, how are you going to like, uh, you know, do this stuff when in Web3 people normally are here because they don't want to, you know, dox themselves?
I think this problem occurs if it is a Web2, uh, in real life, uh, business, right?
Um, you are talking about, um, a registration of company to the government sort of stuff?
I mean, technically you need to do it right because you're quote unquote giving, uh, shares or giving equity to, uh, the Web3 people.
So there needs to be some form of legal entity, legal contract, you know, besides the Web3 contract.
So we also don't know how reliable the technology is at the moment, you know?
Did I rug?
No, no, you did not.
Um, I guess I had a retort for off.
I don't know if, if Cdow is still speaking or not.
Uh, I, I can't hear them, but yeah, please.
Yeah.
I don't know if you can hear us, Cdow.
We cannot hear you, but, um, I guess off, uh, I have a question for you.
Um, uh, it sounds like you don't, it sounds like you don't want to be doxed.
And I totally understand.
I totally get it.
I get the sentiment.
Um, but do you think there's a future where like, you won't be semi-doxed if not fully doxed?
If, when this thing gets like mass adopted.
If it's in regards to mass adoption, definitely we have to be doxed, semi-doxed.
It will eventually come down to that.
As we start to intermingle with web two, because we're not entirely free from society.
We're not entirely free.
You get it.
So decentralization exists before mass adoption.
Once mass adoption comes, decentralization will slowly become centralized again.
That's what I believe in, Scott.
Okay.
Yeah.
That answers.
I mean, I, I have the same kind of viewpoint.
I mean, I think, I think decentralization really applies to like the security, like the security
of the network more so than the actual like control of the network, if that makes sense.
So like having a bunch of nodes located across the world is more secure than just like owning
all your servers in one building.
Um, but yeah, like to your point, you know, you're exactly right.
I feel like, uh, over time as like governments start to really co-opt this stuff into their
systems, we're going to have to have some form of like, you know, uh, accountability and
doxing and whatnot, because you can't just have like, like, yeah, of course you'll have
like all of the anons still running around on permissionless chains, like Ethereum.
Like that's totally fine.
I get it.
And, and Bitcoin too.
But, um, I feel like a lot of that stuff is just like, if you want to cash out your Bitcoin
or your Ethereum, if you want to like transfer into fiat, you're going to have to like play
by the government's rules, of course.
So then, and that one of those rules being like, oh, I want to dox.
I mean, this is partly how we think as realists, you know, we have to think logically
the most, but most, most people, when they think about, uh, because actually I had this conversation
a few days ago in the DMS with a friend of mine and he said method option comes, you know,
a lot of, um, uh, when government starts entering our ecosystem, you know, they're going to change
a lot of things and heck, we won't see multiple blockchains in our future anymore.
We will only see like restricted to 10 blockchains.
And then this is heavily monitored by governments or controlled by government itself.
So they, they, they, the governments are aware that our technology, right.
That's created by somebody who they don't even know, right.
Can create something so amazing, magnificent until that it lasts until today.
Right.
And so they tried this technology out and they're loving it.
So with, if, if the ETF gets approved, uh, a few days later, right.
Maybe this is the start of mass adoption, quote unquote, government interference with, uh, decentralization.
Yeah, I wouldn't say it's, I wouldn't say it's interference.
I'd say it's more so than accepting the fact that this technology is going to be around for a long time.
And they, they can see where it's going to be around forever at this point.
And, um, they, they see like the benefits of co-opting it.
Now they're now they'll obviously lean towards other chains where they can like be more permissioned in, in using them.
And that, again, I keep circling back to avalanche because of this.
I know I'm like becoming an avalanche shill at this point.
Um, but like the fact you can create a subnet that is permissioned and centralized and controlled within a decentralized, like hub, I feel like is the way to go.
And I feel that, I feel like that's like the blockchain they're going to use for tokenizing everything.
Whereas like Bitcoin and Ethereum, they'll, they'll have their uses still and they'll be around still.
But I, I, yeah, I could definitely see your point about like, there not being as many chains in the future where I still think the future is still going to be like multi chain, but not, not like, you know, 40 different chains, obviously.
I feel like it's going to be like a, you know, top 10 kind of, kind of situation where we have like a lot of people kind of conglomerating or kind of like, you know, grouping up into these, like these chain factions, maybe.
I don't know. It'd be kind of cool.
And when I, and when I say factions, I think of like World of Warcraft, of course, but now I'm, I'm going on a tangent here.
You mean countries, every, every country has their own chains.
Yeah.
Right.
Go ahead.
I saw you were talking.
Sorry for cutting you off.
No, that's actually exactly what Off said.
Like if every country has their own chains, not in that exact sense, but it goes back to what the idea that you were pitching out, which is that as the definition of security change, decentralization changes.
Right.
And what is the manifestation of that?
It's every country coming up with their own idea and definition of what decentralization truly is, because not everyone is going to agree with each other.
Hence why every single country has their own, has their own chain.
So it is really something that we needed to like kind of, we need to develop further because until the world can truly come to terms with everything, which we all know cannot happen that freaking easily.
It's going to be very, very difficult, but I do agree with what you guys said.
Decentralization, the concept and the term of what decentralization means, it absolutely will change in order to adhere to what, in order to adhere to a system that can actually make this world go round.
But on that, on that note, I do have to wrap up today's spaces.
I just wanted to do two things real quick.
First of all, we are going to announce the winners from earlier in the draw.
So I already posted it up.
You guys probably saw it, but congratulations to Barsky and Ness.
You guys are the winners for today's $25 raffle.
So I will be DMing you guys some point later on today in the afternoon to collect those wallet addresses from you guys.
And if you guys want more information about what CDOW is doing, make sure you give these guys a follow on Twitter.
And as we mentioned earlier in the show, there is going to be a CDOW hosted tournament next week, spanning from Tuesday to Thursday, which AC and I will be casting live right here on Twitter.
So if you guys want to check that out, make sure you give us a follow as well, and we'll be showing you what the tournament is all about.
And once again, today's Icebreaker Spaces is brought to you guys by Inlio, a tokenized crypto community platform striving to build the ultimate Web3 experience.
Thank you guys so, so much for supporting us on this ongoing journey.
But that being said, before we wrap things up, Ansi, do you have any final thoughts about today's discussion?
Well, yeah, it's been a very in-depth discussion.
I feel like every time I come to these, well, I always come to these kind of spaces because it's icebreaker.
But every time on the topic, I always learn a lot of new stuff.
I feel like because first, when we first had the discussion about RWA, my understanding of this whole term is like on the surface and very basic.
But as we dive deeper into this, like I figure out, oh, okay, we can actually have a lot of applications around RWA.
And there are just so much things we can touch on using the technology and also the blockchain and also the Web3 and decentralization.
And I'm really passionate about learning more about it and about decentralization, as you know, like off and aisle, you were discussing about, you know, in terms of whether docs or undocs and in the in the future, like are are we going to turn back to centralized again?
I feel like I feel like I feel like as for myself, like I'm definitely, you know, pushing to the dream that we can own our information.
And how do I put it, like we can take control of our own identity and information with everything we share online and be part of the profit taker.
Or I think that's not a really great word for it.
But you guys know what I'm talking about.
Like we don't want to just sell our information, personal information for free and be used and, you know, get charged by the big companies.
So I just feel like as individually, if we push it harder and really, you know, like we are all putting our effort and then collectively we could really make this a reality rather than, you know, like we were just thinking,
oh, there's still a long way to go, this is such a long journey, it's probably not going to happen.
But if we're going to put in more effort individually and together, work together as a team.
And I do feel like this thing, like the RWA and all the things, decentralization, only our own information could become reality in the near future.
For sure. Thank you for that, Antti.
You know, I think it really comes down to other companies leveraging our information, like how like we didn't even know that we were contributing information that had financial value.
Right. And like the fact that each and every single one of us users and users of said platform are able to actually contribute to the pot.
We have a voice in this, like in this decentralized system.
I think this this is something that Scott and I will have to get into in another day because we really just we talked about RWAs today.
We dug a little bit into deep ins, but honestly, we're just barely scratching the surface.
So, guys, if you want to see a space where Scott absolutely schools my ass and deep ins, please let us know in the comments.
But with that being said, ladies and gentlemen, this will mark the end of our show for today.
So thank you to all the panelists that hop on stage to speak and thank you to all the audience members that help drop a like, comment and repost.
We absolutely appreciate each and every single one of you.
If you guys enjoyed today's spaces, we are live every Monday from 1 p.m. to 3 p.m. Eastern.
And if you guys are interested in attending our other shows, you can find them all by clicking on my profile and checking out my pinned tweet at the top.
But that being said, this is Ice, Antti and Seedow signing off and we'll see you guys in the next one.
Peace.
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