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Unstoppable Spaces - DomainerExpo.com
Recorded: Nov. 27, 2023 Duration: 0:54:10Space Recording
Full Transcription
This is no longer early for the conference next week.
Excited.
Just, you know, taking care of some logistics stuff out here.
And just, yeah, looking forward to everyone who's coming to Vegas next week and making
sure that the I's are dotted and the T's are crossed, you know, finishing touches.
Definitely.
Yeah, it's going to be busy, but also fun.
Yeah, for sure.
For sure.
We're expecting close to 200 people at the most, which, you know, is not bad considering it's
it's an event that is happening for the first time midweek at the end of the year when people
are busy with travel plans and stuff.
So I'm thrilled with that and excited about the quality of attendees we're having there,
the quality of speakers, exhibitors, and, you know, just stakeholders coming together from
Web 2 and Web 3 in Sin City, baby.
So it's a great recipe.
I think there's going to be a ton of networking, a lot of value, and we're working on keeping
that momentum going with a virtual conference, which I'll speak on when we get more people
shortly after this physical conference.
So for the people who can't be there physically, they don't miss out on the gems and the content
and all the good stuff that's going to happen.
They might miss out on the networking because, you know, being in the room is different from
not being in the room, but they'll still have a chance.
To absorb all that valuable information.
So that's one of those things we're working on right now as well.
Ooh, okay.
That'll be good.
What would you say is the most valuable thing that you've learned while you've been organizing
your first expo and convention?
Actually, in full transparency, this isn't my first expo.
I've been organizing events for years.
Yeah, so it tends to be hectic, but I have more of a chill personality.
A lot of people, it takes a different type of personality to put events together.
You know, you have to sort of like be a jack of all trades.
You have to reach out to sponsors.
You got to do the marketing.
It's easy to designate, but it's also not easy to designate that stuff, especially the
first time.
It's almost like you're a chef trying to make sure that food comes out right, right?
But I think once you get over the first one, then it's easier because now you have proof
of concept.
People can reference the first one and expect the next ones to be better.
So the first one is always challenging.
It's like you're going from an idea or concepts to reality, and then putting all those pieces
together can be kind of overwhelming.
But fortunately, you know, domaining is one of those asset classes where there's a lot
of interest, you know, and we've done this organically.
We haven't spent a ton of money on ads or anything like that.
We've mostly done all the marketing here on Twitter, doing weekly Twitter spaces, you
know, just working with communities like ENS Maxis.
And, you know, intentionally just wanted to use this Twitter audience as a test to see
if there was any interest, right?
Because you've got to validate the concept.
And yeah, it's worked out.
Like I said, you know, we have at least 150 people confirmed.
We're expected to spike up a bit.
Most people, including myself, will register for a conference on site a couple of days before
the event.
So yeah, we're ready to go.
I'm thrilled.
We have an agenda.
We have sponsors, you know, like Unstoppable, thankfully, FreeName, Namebase, Integra, several
others, right?
Bringing builders together, bringing investors together, bringing people from, you know,
all walks of domain in Web2 veterans.
We've had seven-figure exits, and some of them probably will never deal with Web3, but
that's okay.
I think we can learn from them as well.
And some of them, like Paige, who I think is a model domainer, are, you know, he's got
multiple seven-digit exits, but he understands the investment thesis behind Web3 and is open-minded
and getting involved.
So I think just having that healthy mix of people of different backgrounds and domaining
will be a great, great, great event.
Definitely.
And I'm looking forward to meeting everybody, especially Paige, after he jumped on our spaces
a few weeks ago.
Yeah, I went back and listened to it again, because his stories on the two seven-figure exits
were super interesting.
I mean, my brain can't even, I can't even wrap my head around the information that he was
able to do that.
That's nuts.
But yeah, I guess after the expo, are you planning on going to the Sphere, if you haven't been
already?
I'm looking for the Sphere right now for my room at Encore.
I haven't been in it, but I'm kind of like getting used to that site.
I love it.
I mean, look, after the expo, I'm going to have some downtime, and I can think about
stuff like that.
But for now, I'm hyper-focused on making sure, you know, the audio-visual is fine, the sign
is fine.
You know what I mean?
The little details and logistics that come with putting an event together, and just making
sure people have a good user experience.
You know, there's a lot of stuff behind the scene that happens to make an event flow properly.
And, you know, we don't have the luxury of it's a couple of weeks away anymore, so this
is like a serious time for me.
So I'm here in Vegas to make sure all those things are moving along smoothly.
But yeah, I think there's a lot to do in Vegas.
That's one of the reasons why I decided to do this in Vegas, not Sanford, Florida, or Cleveland,
Ohio.
No disrespect, right?
Everyone loves Vegas.
Vegas, I see Mr. Las Vegas in the audience.
Vegas is a great place for conferences.
You know, there's a lot of options when it comes to accommodation.
There are a lot of options when it comes to, like, entertainment.
And being on a Wednesday, Thursday, some people will choose to, you know, hang out a little
longer.
And the weather is not too bad right now.
It's not.
I like it.
It's a bit colder, but it's definitely not 120 degrees.
You know what I mean?
So this time of the year, Vegas is actually pretty cool.
I'm here right now in Vegas, and I'm having a good time.
Yeah, it's like hoodie weather right now, right?
For sure.
No winter jackets.
Yeah, definitely.
Definitely.
Perfect.
Love to hear it.
Yeah, I'm in Minnesota right now, so it was like 10 degrees yesterday.
Boy, I can't even imagine.
But, yeah, outside of the conference, I guess, like, once the conference is over, are you
making any new interesting plays in Web 2 or Web 3 domains?
Any new strategies or tips?
Yeah, so one of the things we're doing and I'm excited about is we're going to announce
a date at the conference for the virtual edition, and so this is a way to give our sponsors more
value and give the conference a wider reach.
So if you can't attend the conference, you can still, you know, watch the sessions on demand.
There will be two versions of that.
There's a free version where you watch the keynotes and a few, you know, kind of like
a watered-down version.
It's free.
You don't have to worry about paying anything.
And then we have a VIP version, which will be about $100.
And, you know, that's what the plan is.
And with that, you have access to all the sessions at the conference, including the workshops.
The only thing you're missing out on is just being there.
And so I think that's perfect for people who are too busy to attend or the travel is an
issue or, you know, people got other stuff going on in real life, right?
So, but then again, we're going to do it a month away so we can add some more additional
content.
So we also had a lot of sponsors that wanted to be there, but they didn't have it in their
budget or they didn't have, you know, the resources to be there because, you know,
like they're in other parts of the world or they, you know, they just couldn't be there,
right?
But they want to connect with the audience.
And so I feel like Domain & Expo will become a valuable marketing resource for folks in
the domain space, like all type of stakeholders.
And, you know, I'm excited about that because, you know, only a handful of people can physically
be there, but thousands of people can potentially be reached via a virtual conference.
So we're going to make that the second step after this event.
And, you know, I believe that once people connect in real life, you know, magic happens and we
want to nurture that and encourage that and track that as well and, you know, start working
immediately on the next year's conference, which won't be in December, probably around
September-ish.
So, yeah, we definitely know that, you know, the first year is usually an uphill battle and
the second year is much smoother because people now understand what's going on.
And I think the Web 2 side of things will realize this is an inclusive conference because
there's a perception that it's just a Web 3 conference and that's far from true.
100%.
And for the workshops that you just briefly mentioned, which ideas did you have for them
so far?
So we're doing just one workshop at the live conference, but the virtual conference will
probably add more.
I know Paige said he wants to do one for the virtual, so that's awesome.
But we're doing a workshop on how to outbound domain names with Bruce Berger.
Bruce is one of my mentors in domaining and he consistently earns a livelihood selling domain
names every day and so he's going to teach us his strategies and, you know, some of his
hacks and insights on how to do that.
Because a lot of people, you know, need the liquidity, right?
And to learn from someone who's been doing this for over a decade and successful at it
is a real opportunity.
So I'm excited about that workshop for sure.
And then, of course, we have a lot of sessions.
We also have that online auction.
Unstoppable Domains is going to be...
They've already submitted some names to Ride of the Dot.
There's some Web 2 names out there.
The last time that happened, I think it was the first time there was a Web 3 auction from
Ride of the Dot.
And they did over $100,000, if I'm not mistaken, over $130,000.
So, yeah, we're trying to repeat that.
And I think that's exciting as well.
So we have that auction where people will be able to get some unstoppable domain name
grails.
We have some Web 2 names that have been curated right now as well.
So, you know, I hate that it's not a physical auction with the auctioneer because they've done
that a name's come, but I'm sure next year we'll be able to arrange that.
But it's an online auction, which means more reach.
Definitely.
And, yeah, I guess this is one of the last questions here.
Did Web 3 domain and click for you after you made your first transaction using a domain?
Or was it something or somebody else that made you, like, see the vision of how these
domains could play out long term?
So you see me rocking instrumentally.eth.
The first thing I wanted to do was basically follow the culture.
So when I came on Twitter, I saw a lot of people with the .eth names.
And I, out of curiosity, was wondering, why is everyone rocking a .eth name?
And I did that.
So I got my name, you know, and, you know, my real name is Ishmael.
But, you know, Ishmaelie's where I go by on social media.
So I got Ishmaelie.eth and, you know, got that airdrop.
And ever since then, just bit that Web 3, you know, what do you call it?
I just got the Web 3 vibe going.
And, you know, the cool thing about Web 3 is a lot of the stuff you learn in Web 3, you learn here on Twitter, right?
I think there are a lot of people here on Twitter that are shaping the future of Web 3 day by day.
You know, they're doing videos to educate people.
They're onboarding their friends and family.
You know, we might bump heads on investment thesis or approach, but I encourage people to be open-minded and look at domaining as an opportunity in general.
It doesn't matter to me if you choose to have a .x or .eth.
I think the key thing is you understand the idea of digital identity.
You know, a lot of people are maximalists on either side.
And typically that's not the best approach, in my opinion.
I think there's opportunity with Unstoppable.
I think there's opportunity with .eth.
And overall, I think we're all super early to declare winners and losers.
And I think, you know, we're going through some growing pains in the industry.
But it's healthy.
It's how an industry, you know, grows.
You know, you sort out differences.
But I do believe that we do need competition.
I don't believe in a one-protocol ecosystem.
I think that's bullshit.
And, you know, I like what Unstoppable has done.
I haven't hidden that.
And I love the fact that Unstoppable is supporting what we're doing at the conference.
To me, that's remarkable because they didn't have to.
And, you know, so it shows, you know, and what Unstoppable has built validates Web3, right?
Because they're doing it in a unique way.
Like, some people are pushed back on the lack of renewal fees.
But it's funny because you can't tell somebody how to run their business, right?
If someone onboards 3.7 million wallets, right, even if they have to give some of them away for free,
I know business enough to understand that that is a growth strategy.
And that's commendable, right?
If someone says, I don't need to charge renewables, then you might want to ask why.
You know, if you ask why, which I've asked the CEO, Matt, himself, and he answered transparently,
well, in Web3, we don't have the same hard costs as Web2.
Why do I need to charge you fees that I'm not incurring?
So I thought that was kind of intelligent.
And I think it's also a strategy that resonates with a lot of people from a financial perspective and a principal perspective.
And some people, most people outside of Twitter, if you give them an option, do you want to pay for something or do you want to get it for free?
They're like, give me the free one.
Like, that's the real world.
And I think, you know, when people go, oh, this is not, you know, it's a VC-backed company.
And it's not decentralized and all this nonsense.
It speaks to just people's bias and people trying to pump their own bags.
Like, the need to be right at the next person's expense is a scarcity mindset.
An abundant mindset ignores what they don't like, right?
You don't need to bash a competitor.
You can believe what you believe and live and let other people live.
So I just hate the whole, you know, unstoppable is bad and I'm good and this person is good.
You know what I mean?
Like, I just feel like, you know, respect people's choices.
I love the fact that we have options.
It's not just unstoppable.
I saw something earlier today about 000.soul selling for, you know, five digits.
And it made me smile.
I don't own a single .soul name.
But I think that's great.
It all validates Web3 domain.
And so I feel like diversity is what's needed here, right?
There are people that are more native to other blockchains.
There are people that love the fact that they can get a name and never worry about renewals.
There are people that feel like renewals are tolerable and needed.
It's all good.
There's enough for everyone.
And those options are very important.
Definitely.
Especially as this market grows and gets bigger.
Like, once a billion people are here on many TLDs, it's going to feel way, way different.
And it's going to be fun being early.
And reiterating on your last point, too, like, the most passionate people are definitely on Twitter.
So shout out if you're in the space or if you post a lot in general.
Like, you're part of the movement.
You're helping out.
And I've noticed, too, that...
It's so small, bro.
Like, it's such an echo chamber that, you know, you feel like because so many people are saying the same thing, that it's factual.
Twitter is just a very, very small mini fraction of people that currently use Web3.
And Twitter is also very, very...
You know, I put up a poll yesterday.
I said, are you a nerd or a normie?
And more people are nerds out here than normies.
In the real world, that's not how it works.
The real world, you got grandma.
You got the truck driver.
You got the blue-collar guy.
You got the doctors.
You got the students.
You got the people in third-world countries.
You have the real world that this is built for.
It's not built for the nerds.
You know, we're early, right?
In the real world, people are going to use this for their digital identity.
They're going to assess the options, the pros and cons.
And they're going to pick what resonates with them.
They're going to pick what's affordable to them.
They're going to pick what, you know, what is practical to them, right?
I own a three-digit ETH, right?
If it appreciates, I'm grateful because I own a rare asset.
But I also hate the fact that I have to pay $640 in renewals.
I know multimillionaires that would not consider it because of that, right?
So it is what it is.
Like, there are pros and cons to everything in this space.
And we're so early that we're still shaping it up.
And the fact that certain people want to diminish the existence of others in the space doesn't resonate with me.
That's not my approach.
In doing Domain and Explore, I've always stated that I want to create something that's inclusive.
Something that it doesn't matter if you've been doing Domain and since they blew the first whistle to acquire names.
Or you came in yesterday, you see value from it.
And you'll gain value from it.
And, you know, we're going to be consistent with that, right?
But, you know, I understand culture and I understand, you know, human psychology and people always want to be right.
But technology is never static.
It evolves, right?
And I think this is evolving right between our eyes and we're shaping it.
And that's the beautiful thing about Web3, we're involved.
And, you know, whether it's a DAO or a typical capitalist company, I don't know when people started saying if it's not a DAO, it's not good.
DAOs don't exist in the real world.
DAOs only exist here on fucking Twitter.
Name one DAO that exists in the food industry, in the medical industry, in education.
It's a concept that we're, you know, I would say we're in a social experiment, right?
And it has its pros and cons, as we can see.
It's just another business structure.
And, you know, it's not a democracy.
It's not perfect.
It definitely is not perfect.
Looks like we have a few questions.
Mofa, what's up?
Hey, what's up?
Hey, thank you for having me up, Adrian and Ishmaelie as well.
Look, first of all, happy belated Thanksgiving.
I also don't believe in the term, just saying happy Thanksgiving.
I like to actually say what I'm thankful for.
I was at work earlier today and people are like, oh, happy Thanksgiving.
No, no, I like to say what it is, right?
So specifically in this space, I'm going to say I'm thankful for actually having these spaces, right?
I mean, like overall for domainers, right?
I'm thankful for the people in this space.
For example, Ish, Adrian, obviously a lot of the other people in the audience who host spaces.
That wasn't the reason I came up.
That was just a little, you know, random side thought.
Oh, Ish, happy birthday, by the way.
Happy belated.
Happy 21st.
So the reason I came up, though, is for one reason.
And it's because Ishmaelie just said regarding the echo chamber.
So the echo chamber and the small little community of 100 or 200 or 300 people who even know what ENS domains is, right?
So as you guys know, I'm already on episode nine.
It's been completely organic growth.
Three weeks of videos.
Like time has flown by.
I'm still doing my IRL job, bro.
I'm like on this crazy bender of like eight or nine days of work right now.
But I still found time to make a video, record it, do the thing.
All right.
My point being with this is that there's still only 100, 200, 300 people who know about ENS.
And my videos, for example, somehow are getting thousands of views, right?
My goal with these videos is something way bigger than me or you or the 45 people in this room.
The goal is that if one of these people retweets it, it's all about what's it called?
So six degrees of separation.
That's the word.
Six degrees of separation as I think it actually goes back to Ishmaelie's point where he's always
about networking in person, the conferences, the expos.
It's six degrees of separation.
The right person sees my videos or wants to watch, you know, a few seconds or a few minutes
of my video clips.
And it's like, oh, yeah, ENS.
That's what I'm saying.
It's six degrees of separation from me to Mark Cuban, from me to Elon Musk.
Bro, it's like we're not that far away.
If somebody retweets my video and somebody else sees it, I mean, that's crazy.
So my point is to get like Ish is saying, and that's the reason I came up, is because
he keeps using the word echo chamber and 200, 300 people.
This is so much bigger and we are so early.
But being early is not enough or being early is not enough because we're trying to spread
the word.
So I've come to realize a little fun pet project of me making these videos, these mofo videos,
these domain of the day stuff, it's actually become something so much more powerful because
it could put us on the map.
And I mean, that might be me being too excited and, you know, full of energy like I am.
But the point is a retweet here, a retweet there.
You know, I'm going to keep being consistent.
Look, Ish Millie and I, we have a good friendship, good relationship.
Bro, every time I post a video, I DM him or he DMs me.
He's like, he says two words.
He says, keep going.
And bro, I'm not going to stop.
That's all I'm going to say.
Like, sorry to expose you, Ish.
But yeah, all he says is keep going.
Be consistent.
That's it.
A few words.
And yeah, so I'm excited about that.
The point of my whole statement right now, six degrees of separation.
We're not that far away.
And being early is not enough.
Like, keep contributing.
I appreciate Adrian, you know, hosting these spaces, even though it is a different, you
know, obviously dot X.
I don't want to be close minded about it.
I'm like a big ENS bull type of guy.
But I want to learn about dot soul and dot X and, you know, dot crypto and what I want
to learn, you know.
But yeah, I think that's that's kind of my soapbox for now.
Yeah.
So I'm excited about it, bro.
Yeah, for sure.
I think it's commendable that unstoppable is involved with the ENS community as well.
I don't think you guys get the flowers for that.
A lot of people go, oh, yeah, they're competitors and they're, you know, badging in and, you
know, I think it's a different approach and it's a more mature approach.
Look, domaining is not a tribal thing.
Domaining at its best is a bunch of options where you fit.
You find what fits with you, right?
What gives you that edge.
You know, Web3 might be in terms of digital identity, you know, in Web2, there are 1600
extensions, right?
And you can't just categorically say that all of them are bad, right?
And you can't say one is better than all of them because people are going to go with what
works for them based on their circumstances.
Not everyone's going to shelf out $100,000 for a dot com name.
So it doesn't work for everyone, right?
So the fact that people have options, you know, is the reality and that's what makes
domaining exciting.
I think the same thing applies in Web3, right?
It's not going to be just .eth.
It's not going to just be .x.
It's not going to just be what you have in your wallet.
It's going to be a bunch of emerging protocols, especially in this initial phase.
So I think, you know, getting informed and understanding the pros and cons and, you know,
the opportunity from being early is by, you know, taking that information and then applying
it where it fits.
Like, I'm a geek for this stuff.
Like, I really get excited when I learn about new naming systems.
Like, when I found out about .ton and what they've done over there with Telegram and how
that could be applied with any of these other social media platforms, it's exciting.
When you look at obvious developments like Twitter now selling handles pre-blockchain,
it's exciting.
It just lets you understand, okay, you know what?
Maybe I can connect some dots here.
The world is changing and it's changing fast, right?
You know, someone, I put up a tweet yesterday and someone goes, I don't believe that many
people are on LinkedIn.
I was like, well, just because you're not on LinkedIn doesn't mean there aren't 930 million
people there.
Just think about that for a second.
LinkedIn alone has 930 million people, right?
If LinkedIn decides that they want to start a naming protocol, the blockchain enables that.
They don't have to say, oh, go get a .link.
There's no .linkedin.
They can literally now create a .linkedin and put it on Ethereum.
They can do it on different protocols.
And it has a utility with an existing community.
Like, so people dismissing this stuff and saying, oh, well, I can.
Well, in the real world, people are going to do what they have to do with or without
ICANN, right?
And this is proof of that.
Look at what's happening on Twitter.
Like, someone bought memecoin.eat yesterday for 42 Ethereum, right?
Three-digit .eat names are selling for close to $20,000 for.
Like, these things are becoming valuable assets, right?
Right in our very eyes.
And we're controlling that.
We're controlling that narrative.
We're the early pioneers in this stuff.
And I think that's beautiful.
Now, that doesn't come without risk.
That doesn't come without massive speculation.
That doesn't mean we're going to be right.
But the fact that we're here, to me, is just amazing, right?
And the fact that not only are we here, but we can also get involved in Web 2, which never
went anywhere, right?
Because some people are discovering domain in via Web 3.
A lot of people have told me that.
Like, I didn't even know people were selling .com names.
So, I just encourage people to be informed.
Stay informed, stay informed, stay informed.
What the next guy is saying has bias.
Do your own research.
Do your own due diligence.
And then position yourself accordingly.
And that's why conferences like Domain Explorer and NameCon, and, you know, there are very few
of them in the domain world, right?
You know, that's why this type of, you know, platforms are important.
Because where else do you learn Web 3?
You don't learn this stuff in college, right?
Where else are you going to learn Web 3?
And never will they ever tell you-ish.
In college or high school, they'll never empower you to learn these skills, bro.
That's the thing.
Like, that's why those of us who are creative and want to learn on the fly, like, we are
probably going to be destined for more success.
But I know there's other hands up.
Yeah, but yeah, exactly, man.
Yeah, Web 3 I am.
What's up, man?
Yeah, what up?
So, because I heard you guys talking about Solana with DocSol and all that, my only alpha
for a lot of people is look well outside your own walls.
So, if you're a UD person, get some ENS, Solana, Avalanche, BNB, Algo.
If you're unstoppable, get ENS and get the other ones.
But if you're trying to create a brand or you're thinking about selling any of your domains
down the line and you think you have grails, try and get them across multiple providers.
Because I would think if somebody wants a name for branding, if you can present them
with a bundle, I think that's a bigger offering because then they can have that brand across
multiple different platforms and chains.
So, there's a lot that could go on.
And then, I also do want to highlight, if you haven't called on them yet, Adrian, ONL9.
I think he wanted to ask some questions.
He's been throwing some tools lately.
Yeah, good evening, everybody.
Everybody is saying, like Ishmael Lee and on Starball, we are totally new in this space.
This space is evolving.
So, we don't know which one is the best naming protocol, right?
So, Yuri is selling names on Polygon, right?
Same thing could be done on Sol.
Same thing could be done on other chains.
So, what if somebody goes to law code and says, hey, this naming protocol should not be
there because we are minted dot wallet on Polygon and we are the only one.
So, isn't this like predatory?
Is this thing like not stopping like competition?
Is this thing not like stopping the evolution?
I get the concern about collusion and I think that's part of the growing pain.
No, no, no.
Let me tell you, brother.
So, everybody did the NFT, right?
NFT thing.
Like yesterday, last year, everybody was printing NFTs.
So, you can do the same thing on other chains, right?
NFT means non-fungible token.
Like it is not equal to anything else.
If it's like equal to anything else, it's not non-fungible, right?
So, basically what Yuri is selling is like names of Polygon.
Same could be done on like the other chains too.
So, who is Yuri to decide I am the best, right?
I am the only one.
I will be only minting the name of Wallet on Polygon.
There could be no other person minting names on dots like Solana blockchain.
Who is Yuri?
Yuri is just a website.
So, Yuri going to code and stopping other competition is predatory.
Isn't it?
And don't you guys think Yuri is like minting 69 million?
All right.
Andres, what's your question?
Look, let me address that.
I think what he's saying is, you know, what's stopping someone else from minting names on Polygon or what's stopping somebody else from creating a naming system on Ethereum or other blockchains?
You know, there's validity in that.
But there's something called network effect.
There's something called community.
There are integrations that you need to worry about.
And, you know, at the end of the day, you know, anyone can decide that they want to start a car company.
It doesn't mean you're going to be successful at it.
You know what I mean?
So, and that's what's beautiful about Web3.
I think Web3 allows people, especially builders, to build.
If you want to start your own naming service, I think it's amazing you could do that, right?
Now, in terms of scaling your naming service and making it relevant, you know, that's where the hurdle is.
So, UD, from what I understand, has raised millions of dollars.
They have a $1 billion valuation, right?
So, when it comes to, like, you know, credibility, they've built that.
They have real partners, right?
They have a marketplace.
They have real people that work for them, right?
What is it?
31 people from UD coming to the Domain Expo.
They have visibility.
I've never heard of .onlyl9.
No disrespect intended.
And so, if you can turn it into a UD, you know, all the best, right?
.eth has network effect.
There are hundreds of thousands of people that are using .eth on Twitter.
And, you know, there are people that are exchanging assets on the Ethereum blockchain.
There's a DAO that generates significant revenue.
So, look, that's the beautiful thing about Web3 is anyone can now build their naming system.
And if you're able to scale it, you've built something valuable.
But so, the technology is there, right?
It's no different from saying, what's stopping me from being the next Amazon?
Good luck, buddy.
I'm not, you know, I'm not going to stop anybody from doing what they need to do.
Like, I mean, I don't know why you're putting the thumbs down.
And I'm actually saying, what you're doing is solid, right?
You want to build your own naming protocol and polygon?
You can do that.
That's the beautiful thing about the blockchain.
It's inclusive.
It's not restrictive.
And I think that's cool.
But there are certain things that we need to address.
We have to have standards.
We have to address the issue of collision.
We have to address, you know, and respect intellectual property, trademarks, patents, things like that.
I mean, we're still a society of laws.
And we have to have checks and balances.
So, when people scream decentralization, you know, I think in reality, 100% decentralization equates to anarchy.
Because there are bad apples amongst us, right?
But I think that it's better than an extremely centralized world, right?
Less centralization sounds more fitting, if you ask me.
But I think we're going to see a lot of naming systems and a lot of attempts to build naming systems.
And I think it's encouraged.
I think that's what the blockchain enables.
And I don't blame anyone for trying to build.
If anything, I think you should build.
But remember, ideas are different from execution.
It's all about the execution.
100%.
And Andre, what's up?
Or Andres?
Hello, hello, brother.
God bless you all.
I wanted first to ask about the X is the unstoppable domain, right?
And Y is what?
This is my first question.
And I wanted to say that, like, God bless you all, like, for being so early and everything.
And I really love the community.
And what I'm thinking about, like, when mass adoption happens, and when everyone wants to get into the metaverse and want these names, it will be crazy.
Like, how much would people pay for, like, four letters, three letters, and those, like, very unique names?
And I'm thinking that the people that's buying this, like, what's going to happen next?
Let's say in a couple, four, five years, maybe, when, like, the new generation of gamers are getting into Web3, and they need, like, some kind of names.
So they'd be paying massive amount of money to get this small name to be able to show off that they're not, you know, some kind of new gamer or, like, a player with, like, a long name, you know, so they could show off.
And I was talking about this with my friend, Chasseur, he's the one that introduced me to all of them.
So shout out to my friend, dear friend, Chasseur, down there.
And I wish if you can tell me and reply my question, my dear friend, Unstoppable and Ishmael, and God bless you, and thank you for listening to me.
I'll step down right now.
Go ahead, Adrian.
Yeah, so I think initially you asked about .exe and .eth and, I guess, the utilities on that.
So I can answer for .exe, I guess.
So with your Unstoppable, you can link it to a crypto address to simplify payments.
You can build a decentralized website.
You can transfer your domains around.
You can do reverse resolution so you actually, like, show up on the blockchain.
And as of recently, you can do UD messaging, too, so you can message from domain to domain.
But Ishmael, what were you going to say?
Yeah, I mean, I think you touched on it.
And with .eth, you can do all those things as well.
And you can also, you know, build decentralized websites on IPFS.
You can, you know, speculate on it, in my opinion.
I think, like you observed, like you stated, what happens when people, the masses get over here.
They're going to want their first names, .eth or .x or whatever, right?
They're going to want to blockchain, you know, what we call an on-chain identity.
And, you know, when you have a wallet address, and if anyone is ever saying crypto, you know, you have, on Ethereum network alone, you have 42 characters of, you know, 42, a 42-character combination of words and numbers that aren't human-readable.
So these addresses have that core functionality where people use them as human-readable addresses, and they have value.
Just yesterday, someone bought MemeCoins.eth for 42 Ethereum.
And, you know, we can only speculate that in time, these names are just going to appreciate in value.
They're very rare, some of them.
And there's only going to be one peter.eth.
There's only going to be one john.eth.
So you can imagine how valuable names like that would be.
Nationalities, numbers, emojis.
And, you know, we're just seeing the early phase of it.
And this happened with Web2.
You know, think about this.
I had the privilege of interviewing Rick Schwartz a couple of years ago, and I asked him what his biggest sale was.
And he said he sold Porno.com for $8.9 million in 2010.
And I followed up and said, when did you purchase it and how much did you pay for it?
And he said he bought it in 1995 for $42,000.
So I don't know what you guys were in 1995.
I know some of you weren't born, but in 1995, to pay $42,000 for a name was crazy.
Yesterday, somebody paid $42,000 for a name.
History typically repeats itself, right?
So what's going to happen a couple of years from now?
More than likely, that name will appreciate in value.
It's possible it doesn't, right?
But the odds are it will, right?
Because the blockchain isn't going anywhere.
So I think buying a .eath name is speculating that Ethereum will increase in value.
And so far, so good.
That's been a safe bet, right?
Ethereum, even though it's pulled back from all-time highs, it's a very, very reliable blockchain.
And I think all the cool thing about a .eath wallet is you can receive any type of crypto on it.
You know, all the types of crypto on a .eath wallet.
So, you know, these things are going to just keep getting more powerful.
They're resolving certain browsers right now, like a Brave browser.
You know, it's not the most popular browser, but it has that functionality as well.
And, you know, there are a lot of people that don't get it, and that's okay.
If you do the research and you keep an open mind, you can see value where there's value.
And you'll be able to make a decision based off your risk level, right?
I think it's much easier to acquire a Web3 name right now that will be valuable in the future than to acquire a grill.com, because those are not in everyone's price range right now.
Good luck getting John.com.
Good luck getting a triple-digit .com, right?
Like, that's out of most people's, you know, affordability bracket, right?
So I just think it gives us another option, and that's beautiful.
100% that.
And, Mofa, let's see you have your hand up.
Yeah, man.
So that's the thing, man.
Every time, man, God, every time I hear Ishvili say something, man, it just strikes me a memory of, like, the past and where we've been.
Let me give you a little story about credit cards real quick, a little snippet.
There are video clips and interviews of, like, grainy videos from 1998, 1997.
People are being interviewed in, like, a grocery market or, like, you know, like a supermarket being asked about, what do you guys think about credit cards?
Do you think, what is it going to be like to swipe a credit card and have payment go through?
And literally, like, 98% to 99% of the people being interviewed are like, oh, I don't think it's going to work.
I really like cash.
Cash is king.
Cash feels good.
This card stuff is going to be a scam.
That's where you are right now.
That's where we are as an industry of Web3 and, you know, believing in the tech.
That's what we are right now in 2023, folks.
If you don't understand that, I mean, just leave the space.
Like, that's where you are, where credit cards were in 1997 and 1998.
When people are like, I don't know.
Yes, as Ishmaelie says, there are a lot of nerds and techie techie guys.
That's not me.
All right?
I don't know how a credit card specifically has, like, a certain code that gets sent through the machine.
I don't know that stuff.
I don't know CCIP, bro.
I don't know, like, the coding or the lines and stuff.
But once everything is seamless and integrated and you can literally just tap a QR code, which links to mofo.eth, you get to see all my assets, all my NFTs.
I get to open my apartment's door with it.
I get to turn on my car as I walk up to it with just the mofo.eth QR code.
Bro, like, so many things are going to be integrated.
I'm going to walk into Whole Foods.
I'm going to walk into Walmart, Target.
That's it, bro.
Like, everything just through that little QR code, right?
So it's going to be decentralized.
The future, it's coming.
I'm telling you, it is coming.
And we are in the credit card, like, the pre-credit card age, the same little story that I gave you.
That's where we are right now, when people just don't understand.
And they don't need to understand.
I don't know how a credit card chip works, and I don't need to.
I just use it.
And that's going to be the beauty, like, once it becomes mass adoption.
So I just want to remind that story as it is.
I love that analogy, but the difference is we couldn't participate in the credit card economy.
Now we can't actually participate in domaining.
That's why we call it digital real estate, right?
You can literally invest in it, right?
If you saw credit cards coming, you still couldn't, you know, acquire a credit card number and say,
oh, I know this number is going to be worth something in the future, right?
So with this, we can claim a stake of this digital real estate.
We can acquire names right now and, you know, hold on to them, build on them in Web2 and Web3, right?
Web3 has, for the most part, a different use case.
But I think, again, it depends on your specific situation.
But I think, personally, I play both.
I play Web2 and Web3.
I have more Web2 names than Web3.
But I do have some Web3 names that are serious investments.
Like, I own 367.Eth.
I own, I'm excited about the upcoming auction at the conference.
I want to pick up some unstoppable domain grills, right?
Because I recognize this value in having names that you don't have to pay renewals for.
Because I pay renewals and I hate it, right?
So I'm taking a more diversified approach, right?
Where it's not just me buying Web2 and Web3 names, but I really want to have exposure to different naming protocols.
Like, if you were buying dot-sell names, you would have gained about 100% over the last 30, 60 days, right?
Because Solana went 300x in the last month, right?
Went from $20 to about $60, right?
So having the names and their appreciating gives you double appreciation, right?
If that makes sense.
So I just think it's an exciting space.
And if you're betting on crypto, you've got to be betting on naming systems as well.
And if you're betting on Ethereum, you definitely need dot-Eth.
And I think Ethereum is here to stay.
I don't see Ethereum going anywhere.
I can't predict the future in terms of what the price will be, but the utilities here, right?
People need to exchange crypto.
I send Ethereum back and forth all the time.
And I've literally made the mistake of sending money to the wrong wallet.
It's a horrible experience, right?
So these domain names really have a utility.
They're not just speculative assets.
They're usable today.
They can be used to address smart contracts, wallet addresses, build decentralized websites,
be used as loyalty programs when you issue out subdomains.
There's so much you can do with them today.
And who knows what the future entails, right?
So I think it's only smart to be open-minded and study Web3 and don't ignore any protocol, right?
Even if you don't invest in it, at least understand the pros and cons.
100%.
And beyond all the utilities, too, the one thing that makes me super bullish and what got me into this space three years ago
is that it's just personal.
These domains are insanely personal.
It's not just an image.
It's a name you rep everywhere and an image you can attach onto it.
So it's like, yeah, it's coming.
It's coming.
It's growing.
And yeah, it's going to be fun.
But yeah, I think we're going to wrap up this space pretty soon here.
I'll just pass the mic around to the three of you guys.
So any last words to Ishmaelie?
Again, look, excited about the upcoming conference.
It's been a lot of work putting final touches.
If you're going to be out there, I can't wait to meet you.
Very appreciate the support.
Very much appreciate the support.
And after the conference is done, we're going to do a virtual conference.
So you're going to have access to the content, the bulk of it for free.
And we'll have a VIP version where you can get the entire thing right and some additional content that will increase the reach of the content that will be shared and allow people who can't physically be in Vegas, which is more people than people who can be there, to still be involved in terms of learning on demand what's happening in real time in this space.
So I think that's needed.
So I'm excited about not just the conference, but the virtual conference we're going to be doing next month to keep this going.
And, you know, during the pandemic, I did a couple of virtual, a few virtual conferences, and they're pretty impactful.
You know, you can create virtual exhibits, you can, you know, still do everything except shake hands, which, you know, clearly is a bigger deal.
But, again, I'm just excited about spreading the gospel of Domaining, specifically Web3 Domaining, because I feel like it's a unique opportunity where I'm bullish on it.
I believe if you're picking up the right names right now, you're going to enjoy massive, massive ROI in the coming years.
History repeats itself, and I think that's what's happening.
Look, there was no Web2 before Web1, and, you know, Web2 is a bridge to Web3, and I think it's important that you understand Domaining in general, right?
Understand the history of Domaining, understand where the liquidity is, understand the pros and cons, understand what a GCLD is, why people say dot-com is king, understand the marketplaces.
You know, build a relationship with people who've done this before you, learn from their mistakes, learn from their success, and don't be a lone wolf when it comes to Domaining.
It's so much harder when you try to do this by yourself versus being part of a community.
I think that's why a lot of us here on Twitter, because we learn from each other, and just build that network.
Build that network, build that knowledge base, and, you know, keep going.
100% that, and I'll pass it around to MoFo again.
Yeah, man.
So, yeah, shout out to you, and here's why.
So, one thing me and you share is I didn't know I had this in me, but the word is consistency.
Look, you hold these spaces, I believe, on a weekly basis, and I appreciate that.
Just like me, I'm trying to create these videos and this content on a very frequent, you know, two- to three-day turnaround time.
I'm trying to keep it consistent, and that's what we're going to need to push our Web3 knowledge and enthusiasm into, like, the larger world, okay?
So, I appreciate that.
Another fun fact, this is a recorded space, I'm just going to say it.
The guy from yesterday who made the 42Eth sale, this tells you how bullish he is.
He made the 42Eth sale, right?
And now I want you guys all to go check the bid bot, right?
E-N-S bids.
He's already put in bids for King.Eth just five minutes ago for 13Ethereum.
He put in a bid for Casino.Eth for 10Ethereum.
It's that same account, that same wallet.
It's all in the blockchain for the world to see.
So, look, that just tells you.
The man makes a 42Eth, $86,000 sale, and he's already reinvesting in grail domains.
I do believe King and Casino are holy grails.
I mean, I'd pay $100,000 if I had $100,000 for each of those.
So, yeah.
I mean, this is an exciting time.
Yeah, everyone in this room is going to be very successful and happy someday.
It's just a matter of waiting until that aforementioned day.
And also, every time I'm in these spaces, I wish I had, like, more money to buy more things.
I hear that example of, you know, people having put in $42,000 and it resulted in $9 million.
Think to yourself, why can't that be you?
Who said that can't be you?
So, anyway, that's my parting thought for now.
Appreciate it, man.
All right.
Web 3AM, I'll pass it over to you.
Oh, I wasn't really prepared for the mic, but got some good sales today on the BOGO.
So, I think one thing I'll leave in passing is I'm from Massachusetts.
If you drive like a jerk here, you get called a Masshole.
So, I picked up a few Masshole domains.
Throw some vinyl decals on the car to start rocking a .eth.
Going to do web3am.eth on the car and probably masshole.go or .x.
And just, yeah, whatever you guys can do to keep bringing more attention to the industry
and for any chain that you guys love.
So, whether you're an ENS guy, an unstoppable, Solana, name it, just keep going out there
and keep bringing more people onto the blockchain.
Yeah, 100% of that.
But, yeah, I guess my last message.
If you've got a friend on Twitter or wherever else who's not repping a domain, help them out.
Introduce them, whether it's .eth, .x, .sol, .algo, whatever it is, help them out.
And let's speed up the mass adoption here.
All right, guys.
I'm going to call it for today.
Have a good one.
