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Web3 Community Call #4 w/ @naanwallet
Recorded: Dec. 3, 2022 Duration: 2:06:21Space Recording
Full Transcription
Welcome, welcome.
Good morning, good afternoon, my friend.
Good morning, good afternoon.
I am on the East Coast, which makes it easier for me to come on time, as opposed to the
West Coast, where I'm sleeping at this time.
What are you doing over on East Coast, where you're at, Art Basil?
No, no, no.
I'm at Art Oregano.
No, I'm at my parents' house, I'm visiting them.
Oh, where, where, where, what's they doing?
Pennsylvania.
Do you want the exact address for which...
I was just seeing how much, I needed to justify, I needed to judge how much time it would
take you to drive to New Hampshire to join us for Tezos in New Hampshire today.
Oh my God.
Yeah, that would be, I'd be there by tomorrow.
I've driven to, as far as Boston.
And, um, yeah.
Well, no, I've driven to Cape Cod.
That's as far, the tip of Cape Cod, that's as far as I've gone.
That's pretty close.
That's pretty close.
Yeah, yeah, yeah.
So we're just chilling, waiting for everybody to come in.
Bases, Data, what's going on, guys?
Jon Snow, you guys want to come up and just shoot the shit while we wait for everybody to
get in here?
Feel free.
Uh, today we'll be talking about mainly DEXs.
What's a DEX?
How do they work?
Uh, what's the point?
Uh, and then we'll also be talking a lot about Art Basel, which has happened this weekend
as well.
Um, so hopefully we get some people that were there to come in and tell us what the hell
happened down there, what the Tezos event was like.
So yeah, I'm pretty excited for today's space.
Yeah, people were, uh, really talking a lot about the...
Um, people were there just texting me and everything saying, oh, the, the Tezos booth, the Tezos
exhibit, it's lit, and all this.
Like, uh, and the images I've seen.
Yeah, they went all out.
There's that duck.
Oh, Lord.
Oh, Lord.
Oh, Lord.
They're beating the USA.
Damn it.
Damn it.
Three, two, one.
You, you win this time, Burned.
We have, we made a deal.
We have to rename New York to New Amsterdam.
We need to rename it to New Burned.
That was a deal.
Damn it.
Final eight.
Final eight, boys.
I think the uniforms, uh, are kind of cheating because, you know, it's so bright.
You can, uh, you can see each other better because the white kind of blends in.
Like, you see the, the background and like the, like the perimeter.
It's all white as well.
Camouflaged.
Why are you cheating, Burned?
The funny thing is, uh, the US plays like the, the Netherlands used to play or it's called
the Dutch school.
And the Netherlands doesn't play like that anymore because it doesn't have the right
players for it.
So they play purely on counter and they're deadly on that.
So, well, you were, you were really close to playing Iran.
Um, but you know, like all they knew was one more goal.
Um, all they knew was to draw that match and then they would have advanced, but like they
were given death threats by, or their families given death threats by the regime.
There was a secret document that came out that one of them like to throw the game ahead
of time.
Um, yeah, their mind was not exactly there.
So, but yeah, it keeps getting better every four years.
Who the hell knows?
It's been a weird world cup.
Uh, people beating people.
They're not supposed to be beating, uh, Saudi Arabia, Argentina, uh, Japan and Spain.
And what was the other one?
I'm forgetting a big one.
There've been a lot of, oh, Cameron, Cameron and Spain.
That's what I was thinking.
There have been a lot of crazy matches, man.
But at least the Netherlands is against either, uh, uh, Australia or Argentina.
I really hope Australia wins from Argentina.
Um, you know, it's like pancakes.
The first one you throw out when you make them.
Um, that's the starter.
We've got to warm up first.
Yeah.
Yeah.
You make pancakes out there in the Netherlands burned?
Pancakes?
Pancakes.
Yeah.
We know pancakes, but not the U.S. pancakes.
We have flat pancakes.
Very flat one.
Well, what are, what are American pancakes aren't flat?
You mean crepes?
Are you talking about crepes?
Pancakes are very thick, right?
And they're eaten for breakfast.
But in the U.S., in the Netherlands, we eat pancakes that are, yeah.
How do you say, if you call that flat.
It's even thinner.
Really thin pancakes, like the thin...
Crepes.
Yeah, yeah.
Crepes.
Yeah, you probably call it crepes.
Yeah.
But we eat it for dinner.
Well, you'll be having a mountain of them tonight to celebrate your win.
Very happy.
That's a very stressful game, man.
But yeah, let's get back into the crypto space, the blockchain space.
What's going on there?
Good afternoon, everyone.
Good afternoon, John.
Yeah, you guys needed a know-nothing person to teach, so I'm here.
Were you down at...
Yeah, I need someone to teach.
That's awesome.
Were you able to go see anything at Arpezo, or are you outside the country?
Oh, no, no, no.
I cannot go.
So, yeah, that would be the big thing, right?
That's one of the big subjects that happened this week.
I think it's ending today, right?
Today is the last day.
A lot of people traveling home.
So, that was big events happening this week.
I'm still in college.
I have last week's assignments, so I'm not into the art also.
No word.
You here to learn some DeFi?
We're going to be talking about Dexas today, too.
Yeah, yeah, yeah.
Word, word, word.
Yeah, and there was another...
Help me out, Kevin, or even Maverick when he comes up.
I feel like there was some other big Tezos thing that happened, and I made a note to bring
it up, but I forgot what it was.
Just now, Lima upgrade got reached quorum.
Just now.
Oh, upgrades.
Yeah, yeah, yeah, yeah.
Okay, there's a new upgrade coming.
I think that was it.
Did you...
It just reached quorum now.
Do you mean just...
Yeah, so another Tezos upgrade is coming for the Tezos ecosystem, right?
You're thinking of something IRL that happened in the Tezos space?
No, I'm just talking about, like, Tezos news in general, or Web3 news in general, right?
Because we're the Web3 community call.
You got to keep that in mind.
It's always happening.
But you said there was another Tezos thing.
All right.
Yeah, yeah, no, not...
So another...
Well, there is another event, a live event today, actually.
I'll be driving...
After the space, I'll be driving down to meet up with Jared from Tezos Commons and a few
other people.
We're having our first ever Tezos New Hampshire meetup today.
So that is happening.
That's actually another live thing that's happening today.
Well, yes, that is another thing.
We need to have...
Yeah, I keep...
I have to get to the Tezos LA events.
It's just...
I'm trying...
I think the last thing I did is, like, I made a call out for volunteers.
But, like...
Yeah, I didn't...
I got to work harder on that.
But they're...
Like, I think because...
It's not that I'm putting it off.
It's that I know that when we did Tezos LA events from, you know, 2018, 2019, everything
before COVID, like, the Tezos LA community was people...
Because people were interested in Tezos or just, like, generally crypto during crypto
winter.
It was small, right?
But during COVID and through now, what's the biggest thing on Tezos overall and one of
the biggest thing and just people-wise on Encrypt and Web3, it's NFTs.
And especially in Tezos, it's fine art.
And the LA art scene is enormous.
So now, really, the Tezos LA community is actually enormous.
It's huge.
It's something that, like...
It's just like, all right, all right, got to totally rethink the model from the ground
We got to really do right by this and facilitate everything that's needed for artists.
So, like, I've been, like, talking to art galleries that are facilitating or want to facilitate
more NFT exhibitions, just the local artists.
There are even people in the celeb space that are...
They've either dabbled in Tezos NFTs or otherwise.
It's like, okay, yeah, we can't...
It's not the same as just, like, do a little slide presentation and order some Papa John's.
It's...
We got to do some more stuff now.
So, yeah, retooling and all that.
You feeling me?
You just reminded me.
I just remembered what it was.
Snoop Dogg's son partnered up with the foundation, and they're doing a million-dollar, like, grant
program for inspiring artists of color and stuff like that.
There's not much details other than that, but that was the other big news that happened
this week.
So, that reminded me.
Speaking of L.A., yeah, yeah.
So, we might have some big...
You know, who knows?
This could bring the celebrity presence to Tezos that we've kind of seen trickling in
slowly.
You know what I mean?
What son?
What's his name?
I really...
I don't know his kid's names, but one of his sons, I guess, is a super crypto guy, and
is super into it, which explains where Snoop Dogg's been getting all his info from.
All right.
I'm on it.
Where's XTC Arsenal when you need him?
It's like a perfect point for him to hop in.
That would have been perfect.
Yeah.
I wonder where he's at.
Well, he's actually...
I know where he's at.
He's traveling around the country right now like a weirdo, so I'll take him and see where
he's at.
That's only like a post-COVID comment that you can say.
He's traveling around the country like a weirdo, not like enjoying his life, you know?
Okay.
I found Snoop Dogg's son, Cordell Brodus, to launch $1 million Champ Medici Arts Fund for
artists on Tezos.
Hmm.
Hmm.
Yeah, so that's the other big news that I saw.
And then, let's see, Crittonio just shared a tweet with me.
There it is.
Cordell Brodius is his name.
Broadus or Brodus?
Yeah, that's the link I read.
Yeah.
Yeah.
So that's about all the news that we have.
Am I still here?
Holy crap.
Yes, yes.
Crittonio almost rocked me.
I do want to mention that the last few days, Tezos DeFi has been on top of the NFT scenes
in terms of volume.
Which are pretty, I think.
even without the huge support that the NFT scene is getting during Art Basel, even.
Or maybe it's because of Art Basel, everybody's having drinks and partying instead of buying
NFTs.
But the last few days, DeFi has been on top.
Yeah, I've noticed that there's the effect of the Art Basel.
And it's not just like the people who are there, but also like a lot of the activity kind
of stems secondary and tertiary because like the primary artists who are at Art Basel will
do something or a space or a Discord something or other.
So by extension, but also, you know, I think we definitely do have a lot more people coming
to Tezos because their original networks are not sufficing for them anymore for one reason
or another.
Bernd, I should have asked you when you were blowing up my WhatsApp, is Tezos DeFi up or
are the NFTs down?
So that they've like, the flippening kind of happened this week.
Good question.
Very good question.
I believe it's both.
DeFi is up and Tezos NFTs are a bit down.
So getting closer together, which is kind of interesting because the markets are all down.
And still, Tezos DeFi is increasing.
Certain tokens have done almost 2x in the last week or two.
So, yeah, I think there's some positivity there on Tezos on the DeFi side.
And NFTs will continue to grow.
But this is just a good opportunity to show people that there is DeFi out there on Tezos
because I don't know if you listened to the podcast of Kathleen Brightman,
where she said that the people don't associate Tezos with DeFi.
She found it a good thing.
But I think there's a lot of cool DeFi on Tezos.
And this is the exact right opportunity to give it some, yeah, limelight.
Yeah, it would help if, you know, like the founder's wife didn't kind of constantly shit on DeFi.
That would be kind of nice for us, builders in the ecosystem.
I think she specifies with regard to like, and maybe the context ends up being lost.
But I remember before, I didn't hear that particular interview,
but she was talking specifically about yield farms.
And just like that particular act of, because of what had been happening,
specifically the context of like the stuff that ended up collapsing
and how that definitely led to a lot of inflation.
I mean, yeah, totally.
Like, I agree with you.
Like, there are a lot of concepts of DeFi that don't make sense.
But DeFi in its core is an essential piece of infrastructure for any blockchain.
And that should be emphasized on.
And in these kind of interviews, you need to take that opportunity to bring that nuance.
They're not, she's not dumb either.
I mean, they both, both of them know the intricacies, the intricacies between,
oh God, I can't say it.
The stuff between DeFi and NFTs, right?
And they, they're, they're married into one smart contract system,
which is what Tezos is based off of.
And now Ethereum and like, I guess everybody's going to be smart contracts in the future.
But that being said, when it comes to mainstream, like, I think it's all a mask,
like, right, when it comes to being in the public, being on news and stuff like that.
They don't want to talk about DeFi because it's going to go into FTX.
It's going to go into this.
It's going to go into that.
They just want to be like, that's not DeFi.
The perfect opportunity to explain that that's not DeFi.
Oh, I agree.
The issue that they're trying to solve.
Yeah, I think it's just like a mask.
Yeah, putting NFTs forward.
And I guess they don't have to step on DeFi to do that.
But yeah, I think that's my point.
That's my point.
Like, Kevin, I agree.
She, she gets very specific about it.
But it's like the only time they ever talk about DeFi on Tezos is that it's non-existent.
And that like, oh, we don't want this here.
We don't want that here.
Like, when they talk about a broad perspective of DeFi,
instead of like openly kind of saying like, well, we're building better.
There's a, there's a nuance there that would be very helpful for the community that is dramatically lacking here.
And I agree on, I agree that she does that with what you said about what she said.
I, I agree completely.
But I completely agree with Bernd on the other side as well.
Yeah.
I mean, I, I've heard like, like Arthur did an interview, which is written, published that, like,
and I read this thing 10 times for, because there was an association there with the protocol stuff.
But you mentioned that it was not liquidity banking, which is not serious, that it's not DeFi,
that it takes aspects from DeFi, but it's not DeFi.
But then in subsequent months, and I think this just has to do with the, the context in which of those semantics changing.
And maybe what we called DeFi before is not the same as what we called it then,
is that it was referred to in a DeFi context.
And, and just ostensibly, even outside of what he's saying, like, we do see it, of course, on,
like in the DeFi llama, we see it categorized as that.
But I mean, the, the key is that, like, yeah, it can feed into DeFi.
But what we were saying before, the, like, it really DeFi on Ethereum, that's what spurred the bull run when it did.
And it, not that the bull run wouldn't have happened, but it would have taken longer, definitely.
And if you trace the numbers, and you look to see what fed into what, and how everything got going, like, it definitely came from DeFi.
And then the, before even there, there was even an economic, before there was a Tesla's NFT market,
and all you could do was stuff on, on Ethereum, that was spurred by all of that growth that came from just the general market,
but also that people were able to borrow a lot of money through Compound and AVI.
Like, there was a lot of lending, like, there was this massive system of credit that was suddenly created and scaled dramatically.
So it's very interesting, because they went through that process.
And maybe that led to a lot of, that definitely led to a lot of overinflation on their, their NFT side.
But on the Tezo side, we went in the reverse.
It's, it's like, okay, we have this scalable infrastructure, we saw what was happening on Ethereum and all that.
But then, without a complete DeFi ecosystem, we had this growth, like the proliferation of these NFT platforms, fine art coming in,
and then growth, and then total economies on that front.
Not even with collections, just people buying and selling fine art NFTs, addition pieces, one of ones.
And then, and if you talk to most NFT people, they don't know anything about DeFi, they don't, maybe they're trading stuff,
and they sure as hell should be doing it on DEXs, but they don't know about DEXs.
And it's so frustrating sometimes, because I know some of these people really well, that are real high rollers on centralized exchanges.
And it's like, and they're just like showing charts and shit.
And I'm like, oh my God, can you just do this on a DEX?
We got all these DEXs, just go into DEXs and do it.
Any DEX, pick a DEX.
Like, oh, what?
Yeah, I don't know about that.
It's like, oh, just go.
So, you know, it's getting there.
I think, for one thing, once, like, we have the credit system come in, and then we can scale in DeFi on our own, just as a DeFi ecosystem,
then we'll have the liquidity, sustainable liquidity enough that people can, high rollers can do what they want to do on a DEX and not have to go to a centralized exchange.
So, facilitation will be a key thing.
But as I've been saying consistently for years, we've got to scale up the lending platforms.
Oh, we're, we have the, Tezfin is in audit now, so it's undergoing its audit finally.
So, yeah.
Let's go.
Congrats, man.
Victoria just came up to the stage.
So, I do, I want to give her, because I'm sure she's beat.
She just got home.
I think, what is it, five hours ago, you were getting on the plane.
So, you must have, like, just got off the plane.
So, I'm sure you're tired, but tell us your, you know, come share Art Basel experience, and then you can go to sleep.
Okay.
So, first of all, I'm not home.
I'm in Toronto.
How bad are these headphones?
They're not bad.
They're not too bad.
They're doable.
Okay.
I'm in the airport, so it's loud.
Yeah.
Art Basel is actually amazing.
And as someone who hated New York, that is, it really exceeded my expectations.
So, I'll tell you guys a really funny story.
I'm sitting at the World of Women party with Warrens and Sweeto Chris, the guy who did the Placagaski song, which you've made.
You're her mama.
And these two women come over that, you know, like, I didn't know who they were.
They had a couple plates of food, and Warrens was like, oh, nice to see you.
You want to put your food down here?
And they're like, yeah.
And they came over in the middle of a conversation that we were having, and Chris was asking, you know, like, as Pez goes,
or how it goes up, like, aren't the Placagaski's going to go up?
And I was like, no, Placagaski's always going down on Pez.
And I said that, so one of the women came in after me, and she was like, yeah, that's right.
And then she gave, like, a very in-depth explanation as to how that is.
And I'm like, who is this?
And then Lauren says to me, and says, Victoria, you, uh, you know Pez, right?
And I'm like, oh, shit.
So we're literally sitting there talking.
Oh, and at, like, the end, it was like, yeah, I guess we could do it.
And I was like, yeah, that's not better.
And it was like we set it up, but we did not set it up.
Like, we honestly had no idea.
So, yeah, that's how I met Catherine.
Um, yeah, it was just, like, totally amazing.
I pretty much, um, just followed Boris around and let some of his, um, magical stardust, like, sprinkle on me.
I don't know, it worked out really good.
Oh, you guys, the Tezos, like, crew was amazing.
Uh, I just feel like they really, like, killed it this year.
Hopefully next year they'll do, like, some fine art, too.
Which, they told Catherine was the only way they could have made it better.
Yeah, this year they focused on gen art, right?
Yeah, it was all epic cash.
Yeah, FxH is huge.
I mean, let's be honest, right?
It's really, I don't, as far as I know or hear, there really isn't a platform like that on any other blockchain where you can go release a gen project like that without at least paying somebody first, right?
That's cool.
Yeah, no, the booth looked great.
They had, like, Zanghan was there and Ivona was there and, I mean, there was a lot, like, people told me it was the busiest booth, um, at the show.
So, I don't know, I didn't do that on the show.
Yeah, but they had, like, really cool swag and you could get, like, free NFTs.
Um, they were basically doing onboarding right there, uh, super easy.
It was, it was a good setup.
Maverick, go ahead.
Got a question?
Yeah, um, I just got a little, like, as per usual on a Saturday evening for me, got preoccupied with the family.
Um, Kevin, what was their argument or justification for saying that liquidity banking is not DeFi because it's, I really love to read.
Wait, wait, wait, wait, wait, wait, stop.
Let's not go into DeFi.
We have Victoria here from, from, uh, Art Basel.
Come on, guys.
Please.
Yeah, well, we jumped ahead.
Yeah, Maverick, no, because you were, you got busy and you, you didn't hear the change go through.
Or, no, we'll get back into DeFi, but Victoria is literally at the airport and doesn't have a whole lot of time to sit in.
Oh, sorry, sorry, sorry.
Yeah, yeah, yeah, I didn't know that.
Did you get a chance to flex your NFT gallery on, uh, on Naan, uh, Victoria?
Sorry, what was that?
I couldn't hear.
Did you, did you get a chance to flex your NFT collection on Naan?
No, I mean, I, I had my Naan wallet with me and I thought, oh,
I did, I can move my NFT to my, uh, non-wallet, but it, it didn't give me the option, so you're
going to have to, uh, talk to them next year, so that is an option.
It just came up with, like, Google, it, it, basically, with Kukan, that's how they had
it set up, but, also, Kevin, I was standing there, and there's this guy wearing a blue suit,
and I said, I was with Andressa, and I was like, Kevin, she looks at me, she started laughing,
she's like, no, that's Arthur, and then Lawrence told me that, that apparently this is something
that, like, regularly happens, and Arthur knows it, and he's like, why, I don't understand
why people confuse us, and Lawrence was like, um, I don't know, I have no idea of what you
guys look at like.
Oh, my God, this is the best thing to come out of Art Basel.
What?
I've never heard of this.
Is there Kevin the same person?
What?
Sorry, what did you just say?
Hmm, maybe that explains some things.
Hmm.
Oh, poor Kevin.
That's not my fault, I didn't do anything.
How dare you be born and look the way you do?
But, um, no, he's, he's like a few inches taller than me, so, that's cool.
Um, I mean, it was, I think it was just, like, the suit, and, like, the, just, like, the,
like, how I pictured you to be was, like, like, I wasn't, like, 100%, I'm like, is that
Kevin?
If it's Kevin, it doesn't look exactly like his PFC, but it definitely could be, it's
Kevin-ish.
So, anyway, you have a, a twin out there, and it's Arthur, right?
Yeah.
Um, not a twin out, really.
No, I'm, I'm only thinking of the negatives right now, and how that might be upsetting.
I don't know.
Well, well, she confused you for someone who's, like, six foot two or something.
Arthur's a pretty tall guy, you know?
Like, I mean, for me, it's fine.
I'd love to be that tall.
No, for me, it's fine, but it could be, if it were, if I were on the other end, maybe
that would be annoying.
Arthur, Arthur's tall?
Yeah, yeah.
So, oh, that's interesting.
Okay, so.
Okay, burn.
Burned, as a, as a Jew, Arthur's tall.
For me, looking, I was like, I looked at him, I was like, oh, okay.
But for me, it's like a Jewish five foot eight, Arthur's tall.
I guess that depends on your own height, but yeah.
He's not Jewish, though.
Everyone thinks he's Jewish.
No, no.
Well, he, he's of Jewish descent, but I'm, I'm Jewish.
Yeah, Maverick's Jewish.
I'm a solid five, seven Italian, so don't, don't, you know, don't fret.
Go ahead, Victoria.
So, I know we're getting a little off topic here, but I wanted to point out the, the Royal
Medici exhibition that I went to with Lawrence that he is featured in.
Um, that exhibition is actually, I thought it was, like, Cosmo to Medici, but it's not.
It's, like, the actual, like, Duke of Tuscany.
Um, like, it's pretty crazy the connections these people have in the gallery.
It was, like, almost all Tezos artists, like, Tanya, Jenny, Lawrence, Van Can, um, Ivona,
Ivona, no, anyway, Claire, like, I mean, everybody who was in there is also on Tezos, and, like,
we were having conversations with them, and they were like, yeah, Tezos, like, they're,
like, into it, uh, which is, like, amazing.
The next exhibition that they're doing is going to be in Malta at the Presidential Palace.
Uh, I'm going to be in that one.
Yay!
Uh, so, yeah, it's just, like, I think that is really going to help even kind of push,
like, Tez further, where you've got, like, all these amazing, fine artists who are all
minting on Tez, and then now they're being shown in, like, this premier gallery that is
going to be getting attention.
Like, I mean, it'll probably get a lot of attention.
They just started, it was their first one, but, um, the connections that these guys have
is, like, pretty mind-blowing.
I was literally sitting there, like, what the fuck am I right now, and how is this my life?
And I said to Lawrence, like, are you not, like, totally, like, freaking out inside right
now?
Like, how is this?
And he was like, I don't know, to be honest, like, this is kind of my life.
I'm like, of course it is, Lawrence, of course.
So, from now on, we all need to call him Lord Lawrence, um, and, uh...
Sir Lawrence.
Well, I, that's what we were calling him, but he was like, you can only be a sir if the
queen knights you, if the king knights you, but you can actually buy the title of Duke
for $40 online, because YouTube started showing him that after everybody was, like, calling
him Sir Lawrence.
So, he was like, I'm gonna maybe have to buy a Duke title, and then it'll be official.
So, I do have to say, in the, um, effort of transparency here in the, uh, Web3 community
space, that the titles thing that you see on YouTube has just come out in the last week
or so as a scam run by a company in China.
Yeah, not even, um, not even an Irish company, so, uh, or Scottish, whatever they claim that
it is.
And there are some laws in Scotland that would have them laugh at us in America for even
considering this.
So, in the effort of transparency, don't get scammed, guys.
Well, I, I know someone in the Tezos community, I won't say who, but I know someone who did
that, and he actually has on his official government issued license, it says Lord on it.
Yeah, but that's America, uh, without doing anything, I could go change my name to Lord
Theo.
No, no, no, no, it's part of the Commonwealth, it's part of the Commonwealth, but it says
Lord.
Yeah, it's interesting.
I kind of like a ring to that, Theo, Lord, Theo.
Well, it's great, it is a great ring to it.
See, Theo, in England, you have to buy it, in America, you just have to identify as Sir
or Lord, and that's enough.
You don't even have to own the land in Scotland.
Yeah, yeah, exactly, exactly.
Yeah, so, uh, yeah, um, it's interesting.
It turned out to be, I could go into, like, way more detail about it, but that's more
of a Web 2 thing.
Um, yeah, it, the land, they do own some land, but it's, like, some landlocked land that is,
uh, it's one of those protected lands where, like, nobody's cutting down trees.
You're not really saving anything, it's already, it's already saved.
Let's get back to the topic, uh, of Art Basel.
Right, right, right.
Victoria, do you have any clue if TASOS is going to continue, uh, this Art Basel effort
into the next year, or is this it?
Since you talked to Kathleen, and you saw Art there?
Um, I think, like, she didn't say one way or the other, but I definitely got the vibe
that they were, like, happy with the way, uh, things were going, and, um, that it was,
uh, she was, like, what did you think about the food?
Like, she, she wanted to know, uh, like, how it could be better, so why would you ask
that if you were planning on doing it again?
I'm thinking that they, they will, and definitely, um, you know, like, Lauren said that he is
gonna, because there was, like, a little shadow to Object, but I think, like, Object
can be a little bit more, uh, in there.
Like, it's awesome that they have FXHash, but, like, that's, that's not all that's
on TAS, and, I mean, let's be real, like, what started, like, what started, what started
VR on TAS was a generative art, right?
It's actually kind of later, so.
Anyway, we're gonna, we're gonna plug them.
Yeah, I mean, uh, with FXHash, I mean, the most powerful element of it, and we saw this
just, especially early on, I mean, still today, you see, like, dramatic shifts in numbers,
um, and that's because, uh, it's the same thing with collections, like, you have, there's
so much that's minted, um, and so everyone can get their hands on a piece, and that diffuses
the agency of promotion for the, the drop, and therefore the platform, and therefore the
blockchain ecosystem in which it's all built, uh, much more than, uh, like, one of ones
or even addition pieces, as strong as they are.
Um, so there is that, that synergy between them.
Um, but, yeah, so that, that's where I feel like FXHash's contribution is, um, so strong,
and it's only beginning.
Yeah, and you're, you're totally right, Kevin, I think the thing, and, and what Art Fazzle
really points out, though, is, like, if you look at, like, the sponsors, like, who wants
to be associated with, like, fine art, right, and why, why do they want to be associated
with fine art, um, like, the prestige that comes with that, like, the, how it makes companies
look, uh, you know, like, high-end, like, that, like, Dolce & Gabbana is, like, one of the
sponsors right up there with Tezos, like, these companies want to associate themselves
with fine art, and I think that if Tezos does that more, if Tezos does that more, it's going
to start attracting, like, the right kinds of people, and it will, you know, like, we
know that, like, a year ago, it was like, ah, Tezos is, like, you know, Tezos is garbage,
you only go there to fuck around or whatever, like, people didn't take it seriously, and I
think that, like, the, the fine art aspect will lead, uh, like, bring a lot of credibility
to it, that I think, like, generative art is, is really cool and everything that's going
on there, but it doesn't have that same, like, you know, prestige or whatever, so I
think both of them working together can really, um, help grow things and be good for us all.
Yeah, like, last week, I spent a couple nights going to the Solana rooms just to check out
what they're about, um, and I thought it was going to be, like, oh, well, you know, they,
they try to, they kind of, like, pulled the same value props that Tezos had had before
they were able to launch their NFT ecosystem, um, so I imagined it would, like, let me see,
they're one-of-one artists around, things like that.
No, it was all, it was like I was in an Ethereum room, they were just talking about collections
and, like, the, you know, like, as they were, like, just assets that could flip and stuff
like that, um, and I was like, oh, that, that's all it is, except just much more centralized,
that's so strange, um, and I remember the, like, the hosts and, like, they were talking
about the central, I thought they would be defending it and saying, oh, Solana's not as centralized
as people say, it's decentralized, no, they were acknowledging the centralization of it
and they were instead taking a talking point of, oh, but it's a good thing, we want centralization
and, and, and writing off decentralization as some kind of, like, uh, just pure ethos,
libertarian, airy-fairy, like, it's not a real business, it's centralized kind of thing,
not realizing, and case in point, what you see in the news, it, no, you're actually much more
secure and much more credible, um, and, uh, like, and you just, you bring in much more
talents and have much more innovation when you're more decentralized, so these are not
mutually exclusive categories, so, yeah, I think the fine arts do lend themselves hand
in hand, like, fine art pieces with the credibility of a blockchain protocol that develops, uh, in
sort of a slow, very scalable, very methodical, uh, math and science way, as opposed to, let's
just get, get it in now, promote now, hurry, hurry, hurry, just build up a network, hurry,
hurry, hurry, hurry, so, yeah.
I mean, I, I didn't even know Solana was still around, actually.
It comes and goes on and off.
Shots fired.
Yeah, well, actually, you know, in the vein of Web3, does anybody know, like, how Solana's
doing?
Last I heard, it was being bank run.
Is it, is it dead?
Is it dead?
Oh, well, they're not going to recover.
I mean, they're, like, it, there was a peak of, what, 240, and now it's down to 13.
Um, like, it was 95% of Sol, over 95% was owned by VCs, um, and many of them dumped.
That's why it was such a huge collapse so fast.
Uh, but, like, it's still has to collapse more, and also individuals are not going to
be able to make up for that void.
Um, it was like EOS, like, it was a play for, uh, network effects, and believing that
network effects mattered at the time that they struck.
Like, it's, like, now's the time to be the ETH killer.
Like, if we just push this thing forward, just, just do the marketing, get the partnerships,
and we can just surpass it, we'll stay that way.
So it didn't happen, which is why VCs tend to move on after they realize, okay, didn't
work, move on to the next one.
There'll be another thing like that, but ultimately those things don't last.
Well, there's Aptos.
But, um, the, uh, I'm not sure if it's, if Solana's dead.
I think that depends on, on how much of a budget they have left.
I don't think it's fair to say that it's dead just because VCs had tokens and they
dumped.
I mean, VCs have tokens in every blockchain, even Tezos, just not as many.
Um, and, you know, the price going from $240 down to $13.
I mean, Tezos was at nine and we're at one.
It's also like we're, everyone has seen 90-ish percent collapses in this market, even
stocks.
So like the traditional stock markets.
So I, I just think that really depends on how the, the, I just think that depends on
how much runway they have left more than anything else.
I mean, if we're talking about like flash, uh, uh, bull runs, like, yeah, you can say
$9, but if you do like a kind of average, like a day view, no, at most we got to what?
Like seven, I think for like a full day.
Um, so even then.
Or like, but so, yeah.
Even if you talk about TVL and DeFi, Solana went from around 10 billion to 300 billion.
So, yeah, I mean, I don't think it's a sustained period where it was that high.
Um, so that's the, that's when people were saying, no, it'll go up even more and that
kind of thing.
Like it was, we're doing like a lengthy time.
Um, whereas like these, these giant climbs of Tezos, they're just look at the charts.
Like they're very brief.
They're, they're, they're relatively very brief.
Like they don't last very long.
There's that, there's a baseline of support and, and that's how I judge it as opposed to
like when the FOMO people, cause that's always going to happen.
There's always going to be people who are just like, what?
It's at an all time high.
Oh my God.
I'm going to put my life savings into it and then bump it up even more.
It's like, we can't help that from happening, but that doesn't speak.
But just because it gets to that point and then comes back down, judging it by that contrast
is like, like, it doesn't make any sense.
I'm not, I'm not saying judging by the contrast.
I'm talking about their runway as an organization because they could make a comeback.
Like if they have a couple hundred mil on the bank, then they could obviously continue
building and make a comeback.
But I was never the biggest Solana, I would say advocate beforehand.
So I just don't think they're going to be anywhere near as big as, as what they were
before, which was a lot of artificial inflation.
So I agree for the most part, it's, it's probably going to be a long, slow death, but depends
on runway, right?
Like second chances happen.
Yeah, I agree.
Tezos never really had a whole lot of VC help and we, we got it done, but as a community.
So that could happen data, go ahead.
Yeah, I just, I had a question for you guys, um, that have a lot more experience in this
world.
So I go in a ton of different spaces.
I usually listen to them while I'm at work and a lot of them just so happen to be Solana
just because of the people that I've met.
And, you know, I, I do hear that a lot of the discussion on like NFT is much more of
the quick flip sort of almost like an asset that you, that you make money off of versus
anything to do with the art and like the utility side of things.
But aside from that, like, what are, what are your opinions on the other companies that
are building on the Solana network?
Sort of like the, um, like Helium, there's, there's a decentralized weather app called
weather XM.
Um, I am a weather nerd.
So like, I was like, Oh, that's, that's kind of neat.
And then there's, um, hive mapper, which is a decentralized Google maps sort of thing.
So you attach this camera to your dashboard and as you drive around, it uploads these
to their cloud network or whatever it does like in the background.
Um, but the whole idea is to create a Google maps that's decentralized.
Um, and like I say, decentralized in terms of what they say, right?
Like I have no clue.
I think, I think most people would agree that Solana is much more centralized than, you know,
things give away, but just wondering on what your, your opinions are of these companies
that are building those things and then how it relates back to Solana is either a good
thing or a bad thing.
Yeah, that, from what I learned, that comes from a broad partnership that I haven't really
seen specifics on that, uh, Solana foundation has had with, uh, um, uh, T-Mobile to do something
with telecom.
I don't really get how that's going to pan out or why it's even necessary.
Um, but it is more centralization.
So they are, so that piggybacks off of that broad partnership of something to do.
But also I do remember with these partnerships and things like those of us who were around
after like, uh, in 2018, after that big collapse, like what we saw in the spring and in the summer
and in the fall, uh, uh, a lot of very superficial partnership announcements.
That's cause that's all anyone had to do.
Just everybody having partnership with everybody, just like massive incest on that front.
Um, and it just got to the point where it's like, okay, until we felt kind of exhausted
from it.
But so I don't, until I see something more tangible, I don't really know like what they're
going to do.
Well, to hop in on the, on the platforms that are building on Solana.
I mean, look, I think that really depends on what they're on, on what they're, again,
what their runways are and their user bases are and whether the chain survives or not.
If it doesn't, they can always migrate their contract to another rust based, um, uh, smart
contract platform.
They can move to near, or they can move to the older new or new lunas, or they can move
to a layer two on Tezos when they're out.
But, um, it doesn't mean that they're necessarily dead.
It just means that they, they have to go with the fate of their, their network essentially.
But once that guy isn't trying to get burned back up, he rugged out.
Um, but yeah, I, I was going to say, before making a joke, I prefer, you know, incest is
a little gross, but orgy is sexy.
And speaking of, uh, partnerships, plenty has quite a few going on right now.
Um, what's up to have it.
What's up, Kevin?
Ted's been partner with plenty Maverick partner with plenty.
Well, it would be stable tech because that's the consortium that governs it.
Um, yeah, so we have a bunch of partners.
I mean, I can go through the, maybe I should do that at some point.
Uh, go down the, the Twitter and just kind of shout out a lot of the partners.
I know off the top of my head, you know, we have, uh, uh, you've as, let's see.
Tezos domains is a partner.
Tezos DJ club.
Oh, Maverick.
There he is.
Nice.
Nice baking bad.
Yeah.
We're doing, uh, we're doing pretty awesome.
Crunchy almost everybody.
Really?
I think we have almost everybody.
We're, we're damn near the point where we're just going to be like launch partner.
We're plenty in Tezos.
Oh, here he comes.
He's burned.
Plenty of partners.
We got plenty of partners.
Yeah.
So, um, it's pretty awesome.
So, you know, no hate towards, uh, the orgies.
Yeah.
But as long as it's not an orgy of incest, cause that, that could just makes it a thousand
times.
I'm back.
Right.
I'm back.
I'm back.
Jesus.
Hey, damn.
That was annoying.
What are we talking about?
Oh, it's all right.
Burn, burn, burn walks in, thinks we're talking about something completely differently and
says, Jesus, like, yes, we could all probably use a little bit more God.
Victoria, uh, burn.
We were, I was actually going down the list and sharing all the plenty partnerships with
them.
Um, Victoria, you have your hand up.
Yeah.
I mean, burn lays for a minute and you guys start making it very weird in here, but that's
okay.
He's back, uh, to get things under control.
Also, I don't know if you guys have heard, um, anything about Calumet going down.
I guess they've said that they don't think they're going to be able to continue, uh, running
the platform.
Uh, so that could be happening sometime soon.
Uh, it's sad days for everybody who was in NFTs before object.
Um, yeah, sad days, but in fairness, I'm surprised they're still around.
Like they, they made it quite a long time.
Yeah.
They didn't have any leadership was the problem.
I mean, uh, it was originally led by Sandy.
Um, and then like pretty quickly, he seemed to have moved on to other projects.
Uh, I mean, not very quick, like within, uh, four or five months he did.
And then Chris became CEO.
And so it's like, Ooh, the founder left after like, but like less than like within six months,
that's not a good sign.
But then Chris went off to fight the Russians and Ukraine.
Um, so then there was no leader for all that time.
And I haven't seen Chris's reappearance.
So, I mean, the thing about these platforms is they can just keep going as long as there's no issue with the site going down.
Like they can just run autonomously.
Um, I mean, yeah, no customer support, but, uh, no user support, but that's it.
And, and the, the smart contract can get picked up by somebody else, but I don't think we need that at this point.
Um, I think there's, there's a lot of backstory about, uh, what happened with Calment that I don't think we need to necessarily air,
but, um, it's, um, I think this highlights a lot of the, some things that we tend to overlook in the blockchain ecosystem of decentralization is that there's still a lot of centralized pieces that, um, that still occur.
Hold on guys.
Sorry.
Give me one sec.
Hey, you know what?
I'm looking at it now.
Sorry.
They cleaned it up a lot.
Oh, I need to check out Calment.
I'll do it in a second.
I was hopping out of a cab, but the, um, what I'm trying to say is that like,
there's always a team that's building something,
whether it's multiple teams or some centralized form of leadership behind a decentralized platform.
It, I don't think we should forget that because, you know, for example, like,
Oh, well, a couple of guys, like one guy left and another guy went off to war quite literally.
And, um, and a couple, like, it's remarkable that it's able to stay up.
Let's put it, you know, to be fair, but to not keep, you know,
it's going to go down if there isn't some form of a team or people behind it.
And you look, you see the same thing with, with Calibri really.
Uh, there's no real leadership behind it.
And it's, let's say failed to really move forward.
It hasn't gained full momentum to take off.
Let's say like how Bitcoin has in that sense.
So you can be fully decentralized.
Once I get, you get to a core size where you can actually maintain decentralization.
But there are a lot of like, who pays your AWS fees?
I mean, there's a lot of these questions that need to be answered.
And a lot of times we have to realize there are teams behind all these platforms.
I think that's important to not forget.
I think T is another one to point out as someone who learned the hard lessons the hard way, right?
Trying to be as decentralized as they were trying to be and realizing that wasn't really,
they really wanted to get their product off the floor.
They needed to take some control.
Well, that was a great, you know, like there's, it was, uh, Hen, because he get nuked is just a terrible name for, for people.
But, uh, Hen was, uh, was remarkable in the sense that the founder rage quit and all the art was still there.
So that decentralization was nice in that sense.
Um, because it really, it's, it's a, it's a hallmark of, of safety and security, but, um, but yeah, it's, I don't know what to say.
It's unfortunate, but this is the security that's there in a sense, right?
It's unfortunate, but it is what it is.
There's a reason object became as big as it did.
There's a reason FX hash is doing as good as it's doing.
Um, you know, it just brought out the best and everyone else, you know, everybody has their growing pains.
Oh, 100%.
100%.
Yeah, I think, um, I mean, Taz still like, Taz is popular.
Um, and it has a community that's very, like it, it's like, it's a great thing that happened.
And I feel with Raphael leaving, uh, he get nook not because I mean, I still don't think it gets simmered or what, just the fact of what we got out of it, what more came.
Um, and the fact that we were able to prove we have this great, uh, case study now in decentralization where the community with total disassociation with the founder, the founder just abruptly left, could pick up the pieces, instantiate the smart contract.
Cause it's on the blockchain, anybody can, can do that, um, and, and then form some sort of an organization out of the collective.
Uh, we always talk about that in every, uh, web three context.
We, we always say, Oh, that's, what's the beauty of it.
That can happen.
If that were to be the situation, if the founders were to leave, somebody else could do, but we've never actually seen it happen without some actual handoff.
Um, this was the first time I've ever seen where that did actually take place.
Like there's a real case study here.
Um, and yeah, I mean, I think there's so many more places they can go with it.
Um, this stuff is just beginning.
It's just, uh, I mean, objects has this great position in that it's in, in, in aggregation and it becomes sort of the destination place no matter where you, you mint.
Uh, so I think for any other NFT platform, it's about thinking, okay, how can we make the experience, uh, better and different and more adaptive and features that you just can't aggregate.
Um, and then like drawing people back to saying, no, I want to be on the specific site for it.
Um, cause I remember Chris would say things when Calumet started getting listed on, uh, object and saying, Oh, go to the original.
Don't you want to go to the source, but it wasn't really like, there was no value prop there other than it in and of itself, just going to the source because of going.
It's like, and then the answer is no, I'd rather go to where all my stuff is in one easy place on a nice clean site.
What else, what other value am I getting from going there?
Um, so it's better to, to put it in terms of the feature and the actual draw, the attraction, as opposed to, um, you know, the, the going there just for the sake of going there.
Um, I, I agree from the standpoint of, uh, collectors and artists.
Um, but there's another angle to hen that I think was a bit overlooked.
Um, and you know, they had a token and that, you know, that there are a lot of people who invested in that token and bought that token and the token price completely collapsed from that.
And also the founder rage quit, but he didn't migrate the con that give access to anybody else for the contracts to the best of my knowledge.
So like, you know, when you create a platform or any financial or NFT or any blockchain platform and it collapses and it revitalized that just because the front end is revitalized doesn't mean necessarily control of how those contracts are updated or replaced or the governance or the tokens for that matter, uh, still remain in that person's hands.
So they still get, they collect the fees, even though they rage quit.
So there's, there's still things to take into account.
What are you saying? Rage?
I'm saying rage?
Rage quit?
Like, rage?
Are you like, kind of, who's rage?
Like, have you ever heard the term rage quit?
Oh, rage quit.
Yeah.
Yeah.
I never heard about that.
I'll look at what it exactly means.
This is basically when you like peace out and you just kind of piss off.
Yeah.
So let me see, probably a better definition than that.
I thought, I thought you were like, abandon an activity or pursuit that has become frustrating.
You were saying, you kept saying the founder rage quit.
I thought, does he think Raphael is named rage?
No, no, no, no.
Raphael just basically upped and bounced, but he still had all the tokens.
Can I, can I ask Victoria a question about Art Basel?
Like what, what is, what is the impression there about Tezos?
Like we all know this history and we can keep talking about all this Tezos history for hours
and hours and hours, but what, what is the general opinion about Tezos and what do people
like about Tezos?
I mean, I guess I wasn't really speaking that much to like the general public, you know what
I mean?
Um, but the people that I was speaking to, like I, like I mentioned, the Medici, the host
of Medici, um, those guys were all very like receptive to it.
Although to be fair, I feel like they don't really understand a lot of the, uh, differences
like between the blockchains or anything.
Like they're, I feel like they're new and they're learning, um, and a lot, a lot of
what they're learning is from Lawrence, just like, uh, with, uh, like the camp camera team,
like who's been really helpful to them, for example.
So a lot of these guys coming in are just, they're like, oh yeah, Tezos, like they don't,
they don't know like the stigma or whatever, like all the bullshit that we, that we had
early on and if you don't tell them, uh, they just, you know, they're like, oh, all these
cool artists are there.
Okay, great.
Seems good to me.
Um, were there other, um, were there other blockchains there that had booths or forums
or pavilions?
I didn't see any, but I also didn't, um, spend too much time like in the actual fair, just
because I ran out of time.
But, um.
But why, why do these, all these artists don't go to Ethereum where there's a way bigger market?
Well, is there really a way bigger market?
Because like, we're having this conversation and the thing about Ethereum is, uh, sure,
I guess there are more people collecting NFTs as a whole, but how many of those people are
collecting art?
So yesterday, uh, I was in a line with, uh, Dolce, Pagana, and Lawrence.
We're waiting to get in to this place and there's this group of people in front of us and we started
talking to them.
They run a huge Web3, like, media company.
They're doing stuff with, you know, that Arthur guy who's running all the FTX spaces right now.
They have, like, 100,000 followers, whatever.
They're going on, like, oh, yeah.
Like, what do you guys do in space?
And I was like, oh, we're artists.
And they're like, oh, what project are you on?
And I'm like, no, you know, a one-of-one artist.
And I said, I said, okay, I'm going to ask you guys a question.
I was like, I said to Lawrence and Dolce, I was like, just listen for a moment.
I said, uh, you guys know what super rare is?
No idea.
They're like, what?
No idea.
So, we literally have, like, huge amounts of people on ETH that literally do not even
know that there is one-of-one art at all, right?
Like, at all.
So, the amount of collectors on ETH is obviously bigger, but, like, that doesn't mean that they're
collecting from us.
And then, the other thing is, because of the prevalence of one-of-one on ETH, most artists
cannot afford to collect one-of-ones.
I mean, sure, there are some cheap ones, but overall, it's kind of out of the reach of a
lot of artists.
And, you know, let's face it, like, artists overall are going to be a lot better collectors
than crypto bros.
Like, artists are educated in art.
Usually, they love art.
They're going to buy it for the sake of art.
They're not buying it to, like, flip it.
So, on Tez, you have this massive community of artists who will all be buying art, no
matter what the stupid markets are doing.
We don't care.
We're literally buying it for the art, which, to me, is much more sustainable, at least
until, you know, the masses really start coming in here.
But, for now, like, in my opinion, it's always been easier to sell.
I mean, at least for me, it's always been easier to sell on Tez.
And I can't tell you how many artists I know who were on Ethereum for months and months
and months and couldn't sell shit until they came to Tez and then immediately started having
sales.
I mean, sure, they weren't, like, three, five ETH, whatever, but you know how many people
are doing that on Ethereum?
Like, next to none.
So, yeah, I think that people are kind of figuring it out, but at the same time, it's like, Ethereum,
the draw of, like, oh, wow, this guy's making, you know, 50 ETH a sale.
But it's like, that's just, like, a one-off.
The real, like, more sustainable but also realistic market, I think, exists on Tez right now.
Yeah, and if it was, like, late 2019, early 2020, I mean, late 2020, early 2021, that was
the time when you did see all these one-of-one artists and edition artists on fine art on
Ethereum.
And then the price of ETH gas ticked up and ticked up to the point that, for one thing,
it became harder for people to sell.
And for newcomers, they just, it was a no-go.
It became just painfully, like, difficult to onboard newcomers unless they had, they were
of means, let alone all the new and interesting art coming from all over the world to most
of the world who cannot afford to get started by paying a $50 gas fee to transfer something
and another $50 gas fee to mince something.
So that's where, that's why, after, like, in mid-April, Eket Nunk, which didn't exist
six weeks prior, became larger, had more users and transactions than every Ethereum NFT marketplace
combined.
And then I remember when Bored Apes, like, the weeks before Bored Apes came out, that's, and
before the collection stuff took off on Ethereum, there was so much depression in the ETH NFT
community, the people who did, who just were so resistant to coming to Tezos, which was
really the only other option at that point.
And, but they were just felt stuck on ETH and no one was buying and there was a lot of group
therapy and clubhouse, you know.
But then, and they basically kind of went away, like, I didn't even hear from them for
a while until that, when that weekend that Bored Apes came out, that I saw all the OG
ETH, like, like the ones that are like the old cast of characters that everyone knew, hundreds
of them huddled together in one clubhouse room.
And it was about Bored Apes talking about it.
Like, they just kind of pulled together in this one, it's like, like the, all the boats
capsized and then they just pulled together whatever driftwood to make one kind of a thing
like they, that's where they clustered.
And then I realized at that moment, oh, I get, and also ETH was in a slump.
Not only was gas high, but ETH, like the price of it was down too.
So people were depressed for that reason.
And in, in times of economic distress, people tend to go to what's more comfortable, safe
and community oriented.
They take less risks.
And buying one of ones and addition pieces are big risks.
You don't know if you're going to get resale on that.
But what the Bored Apes did is they created a means that was somewhere between the addition
pieces and the cryptocurrency somewhere where it's like, okay, we can have our individual
art styles and make derivatives off of this and talk about unique, different pieces and
all that.
But at the same time, be part of a collective and it has resale value.
And so it came at the perfect, perfect time.
Um, and then after that, henceforth, uh, uh, well, I remember if you look at like, I think
it's May 10th, uh, on, on DAP radar, look at the, this, uh, where OpenSea was at that
time, you'll see they were down to just a couple hundred users a day, a couple hundred,
but they were still for whatever reason, getting a consistent, like million or million and a
half in volume, which is now peanuts looking at what, what's happening on OpenSea.
But at that point, it's like, oh, so that's just a, it didn't matter if they had 5,000
users or, you know, 2,500 users or a few hundred, they were still pulling around that
same level of volume, which meant it was just a couple whales that were selling that much
and nobody else.
Um, but then after that, it just became, it became just about the collections and then,
uh, fine art found its home on Tezos and that's crystallized and built a culture.
So like what Victoria was saying, what we see on Tezos, yeah, it's like, you're not
seeing as much money going around and maybe less people even, but the, it's not for superficial
reasons.
It's not people who are just acting like hungry, hungry hippos, like, okay, what, give me, give
me this collection.
Let me get this piece.
What's the utility.
Let me get that.
Okay.
Let me flip this thing and let me get the other.
It's like, they're not, these people are not paying attention.
They don't care.
There's no emotional connection with this stuff.
It's just this before they move on to the next thing.
Whereas on Tezos, you go to like Tezos rooms, people are crying.
That's the emotional connection that like literally crying.
It's sincerity that you can't buy.
That's what's helping us in the long run.
Yeah, I agree.
I was just in an ADA room yesterday, actually.
And the biggest talking point with Tezos is its culture.
Like they can go, we have a freedom to do whatever we want.
If I launch a project and it sells out and I'm like, high five everybody.
That was great.
And I decided to do another one.
Well, then everybody cheers and they're like, let's go.
Oh, we're doing more.
But if you do that anywhere else, it's like you just rugged your first project for some reason.
Is someone speaking now or can I hear them?
Who can't hear me?
Maverick can't.
I can hear you.
You're speaking, Alex.
Alex, you got to leave the space or come back to listener and then come back up again and then it'll fix.
It's a bug that happens a lot on space.
Yeah.
Yeah.
So, Victoria, I'm going to let you go.
I want to quickly reset and just let everybody know.
Welcome.
Welcome.
XCZ Arsenal, DJ Rainbow.
Manny Corp is down below as well.
Sam's down listening.
The running man.
Welcome, everybody.
We're talking about Art Basel and, you know, getting some insights from Victoria, who was there.
She's literally at the airport on her way home.
And then, other than that, we're talking, you know, DeFi.
And we were going to talk about Dex's today and we might get to it as well.
But we have Victoria now, so we're sticking with whatever she wants to talk about while she's here.
And we're talking about how the Netherlands kicked out the USA out of the world.
Oh, Jesus.
Yeah.
Yeah.
We'll be hearing about that forever, guys.
That'll be a topic for the next couple of spaces.
Hold on.
Victoria, have you been to any NFT conferences in Dubai by any chance?
Because I've never gone to an NFT conference in the States.
And I'm wondering if anybody can, like, juxtapose the differences between the two types.
No, I haven't.
And I probably never will, based on how much I hated NFT NYC.
I was actually worried about going to Art Basel.
I was worried that I would hate that, too.
But completely different.
And I think the difference is that Art Basel is actually about art.
And NFT NYC was about flipping shitty projects.
So, yeah.
I definitely wouldn't go to Dubai.
It would be all about the money.
Unless I had, like, there was something, there was a reason, like, that I needed to go for
something specific.
Like, I was invited to something.
When there's NFC in the name, don't go to the event.
Yeah.
Yeah.
That's kind of where I'm at.
But also, just to add one thing about, like, the artists on Tez, or what people are thinking
about Tez, or at least what people should be thinking about Tez, is that, you know, like,
the vast majority of artists, like, on Earth, like, everywhere, for always, are never going
to be those, like, top, you know, selling superstar artists who everybody knows and become famous,
right?
But there are a lot of people who make, like, a decent living selling art through a lot of
different mediums, like, you know, tourist shops and whatever, postcards, whatever.
There are lots of people who are doing that.
And Tez, to me, is that.
It's, like, another one of those.
It's, like, a place where everybody can come and make, like, a little bit of extra money.
Pretty much everybody.
I mean, it is not hard to sell an edition at, like, a Tez or whatever.
And people who will probably never, you know, get anywhere are still able to sell something.
And I think that that is very different than other, well, definitely different than Ethereum.
And I don't know that it's happening anywhere else.
So it's, like, it's almost like it's, like, what would you call it, like, a cottage industry
or something, but it's, like, for artists, it's just a really accessible, like, marketplace.
And then, obviously, there are, like, top artists there as well.
But it's more open.
Welcome, Nani, to the stage.
I was just talking about you.
What's going on?
How's everybody doing?
What's going on?
What's going on?
This is Theo.
We met last night.
The Christmas PFP down below.
Yeah, we're talking Art Basel, all the stuff that's going on.
Victoria here.
She just got back from our boat.
Not even back yet.
She's at the airport.
And then we're talking about, we were just talking about the culture in Tezos versus, like,
ETH and ADA and stuff.
And, yeah, and, you know, just discussing all that stuff, which is kind of interesting because
me and you were talking about that last night, which is funny.
You hopped right in right after.
So, yeah, we're just here chilling.
Welcome.
Yeah, for sure.
I could give a very brief background on myself.
So, I actually, I came into, like, the NFT space.
I started on ETH.
I guess you can say my quote-unquote home chain is Cardano.
But I dropped, like, all of my art on Tezos.
This is my art page.
And, you know, there are a lot of differences between the two.
I would say, so I believe that was Victoria speaking before.
I wouldn't say that the focus should be on the people that, you know, are, like, the big
name artists and stuff.
Like, I already know that that's always going to happen.
Like, there's always going to be a group of artists that are more sought after than other.
But I will say, continuing a healthy market of people that just support each other, no
matter where they're at in their, you know, their timeline of their career, that's important.
And I feel like Tezos definitely has that going for it.
Absolutely, absolutely.
That's exactly, yeah, that's exactly how we, I think we all feel, right?
I'm glad to be here.
You know, back when I joined Tezos, it was literally because it was the only other option
and I could not afford ETH.
So, you know, that being said, I'm glad.
I'm not sure that it's about Tezos or ETH or whatever.
It's about Hicketyn, it's about OpenSea, it's about Object, FXHash.
It's not, like, FXHash was launched on Cardano, Solana, or Object.
Like, okay, there is some element that Tezos played a role in, but it's not all about,
oh my God, Tezos is the best thing ever.
No, it's about the builders building these applications, these end-user applications that
are attracting the users and bringing the growth.
Well, I mean, it is the technology that availed itself when it did to let that happen.
After all, Raphael of Iketnunk originally wanted to build Iketnunk on Solana, but then
if you look up his tweets, even back then, he was like, Tezos is ready now.
And then he picked it on Tezos because we were ready.
And that, and the other part, the other important part is the community.
If the community that was built up over all that time before FXHash came into the picture,
it wouldn't have necessarily blown up as huge as it did and had the culture that it had.
Because there are other things like it in other places.
No, but without Iketnunk, this growth wouldn't have happened.
And okay, he chose Tezos, but if he didn't choose Tezos, we wouldn't be here.
So it's not all about Tezos.
That was just the point I was trying to make.
No, it's a good point to make.
It's actually a really good point to make.
The builders and the people definitely deserve their due, right?
XCZ Arsenal, I believe you had your hand up first.
Go ahead, man.
Welcome.
How's everybody doing today?
What's up?
Doing good.
Doing good.
My main question right now is for Victoria.
And just for the people who didn't have the chance to visit Art Bazel, however you say it,
how was the Tezos onboarding?
Did you feel like there was a lot of onboarding actually going on?
Or it was just, you know, Tezos floating under the radar type deal?
Well, I mean, they were onboarding people right in the booth.
They had, like, get a free NFT.
They used Kukai, so it was, like, you could sign in with Twitter or Google or whatever.
And then they were giving you an NFT.
So they were onboarding people that way, how effective that is.
I mean, are they going to, like, stay?
I don't really think that's how it works, usually.
Personally, I think it's a little bit more, like, a slow, and I don't think it has a problem.
I think it's an NFT problem, just, like, as a whole, right?
Like, even there was a conversation I had last night with one of, like, the guys who I guess would be,
like, he's on the MetaG team, but he's, like, one of the business guys, so one of the, like, connections guys.
And he was talking about how much he loves the art and all this stuff, and I was like, do you have any NFTs?
Do you collect?
That's what I said, do you collect?
He said, oh, I'm a creator, not a collector.
I've created all of this, and he kind of pointed to, like, the whole dinner setup and whatever, and I was like, yeah, that's great.
I said, Lawrence and I are creators, and we also collect.
I said, Lawrence has over 5,000 NFTs, and he kind of looked at us like, what?
So we kind of weren't, like, letting it go, and in the end, he just pretty much came out and said, like, he's just not there yet.
And I get it.
I think that people, like, they need to, like, it takes a bit to, like, understand.
Even if they come into this space, they don't immediately start collecting.
I had at least three or four people basically give me that same spiel.
People with money, people who are involved in Web3, but they're still not collecting NFTs.
So, yeah, we have a lot of work to do, that's for sure.
Okay, that's cool enough.
So, like, that's one thing, you know, I think is a huge issue is even getting people to understand, like, what NFTs are.
And I was having a conversation, I think, with Lily the other day, and she was like, how do we onboard people?
And I heard everybody, you know, come with, well, you know, try to explain it to them and this and that.
But, like, what I found out, you know, from trying to IRL onboard people and trying to explain NFTs is, like, the most difficult process because it's a lot to it.
You know what I mean?
It's not like I could just tell you one part in one sitting and you understand what's going on.
It's like, you know, we kind of got to develop, you know, your learning of the space.
So, the easiest way I've found personally to, like, onboard people is just, like, giving them an NFT.
Like, here, make a wallet really quick.
I'm going to send you an NFT.
And through the process of you having that NFT and trying to figure out how to sell it and, you know what I mean, what's going on, I feel like you kind of learn, you know, a bit more of the market.
You learn more about, you know, OBJKT if that's the platform you're using and kind of the mechanics of it.
And then it kind of gets people excited about, like, okay, well, then I could just, you know, make a picture of myself or, you know, create art myself.
And then they give that a try.
So, I think that's going to be more of my, where I'm looking to do is just, like, give people an NFT and not onboard them from now on.
And let them kind of learn along the way because trying to do it all at once and, like, explain, hey, well, this is an NFT, but this can also be an NFT.
It's not just art, but, you know, it could be contracts or it could be a house mortgage, you know, split into an NFT.
There's a lot of use cases, you know, that have not yet been even, you know, explored, really, with NFTs.
And, you know, that's why I'm here to try to see what's the true use case and the value of this system and this technology.
And overall, I feel like, you know, even with the way we kind of do things here is, like, we use our one-of-ones as, like, a contract between the teams that we do help with marketing, you know, assist as a marketing extension.
We give them the one-of-one piece and more so than art, it's, like, a contract for us to be able to work with you now.
So that's the future I see in NFTs is, like, you know, the smart contract-based system and not needing, let's say, a lawyer.
I got to go to a lawyer for us to make sure this contract is official.
You know, we could do everything on the blockchain and things of that nature.
You just have to be a little careful with the mortgage thing because using NFTs instead of tokens for a mortgage, it's a little bit of a diversion.
I'll just get through it quickly so we can get back to Art Basel.
But you're essentially creating a mortgage-backed security and it becomes a security and that kind of touches into the whole traditional slash DeFi world.
I was just about to say, well, Maverick, yeah, we got to respect Dan.
Yeah, well, we keep, like, yes, I just want it to go, like, and disappear.
You know what I mean?
Yeah.
Yeah, well, I was done.
I was done, Maverick.
And my last thing about the contract and all that stuff, like, don't overthink it.
That's why I said that stuff years down the road.
Just worry about the art right now, bro, because that's, you know, it's too much for everybody to understand what, you know, some of us know in this space.
Mm-hmm.
And Bernd, so if anybody doesn't know Bernd and is just coming in and has their hand up, Bernd is, he runs Plenty.
He's the founder of Plenty, non-wallet, and, you know, basically owns the space and knows that I hate when he has his hand up.
Did you want to jump in or are you just sitting in line?
You want Nani to go?
Yeah, I wanted to add something on the onboarding at these kind of events.
Like, unfortunately, the onboarding is not scalable at this point.
And, like, if an artist wants to onboard another artist, they need to send over a Google Doc with, you need to do this, you need to create a Tesla's domain, create a wallet, go to this website, go to that website, do this, do this, do that.
And that's a pain.
And also for the onboarding process at these kind of events, I believe 1% to 2% turns into an actual user.
I believe that's really low.
So we're working with FXHash and Blockhouse and the foundation to make this onboarding process easier.
So hopefully at the next Art Basel event, people will be able to download non-wallet and then create a social account with their, in the same way as with Kukai.
But then you have an app where you can explore the entire ecosystem.
So you can explore objects, you can explore FXHash, we will give you suggested artists, you can create an NFT timeline that's tailored to your preferences.
So there's a need right now in this space to make this onboarding process easier and better.
So for any devs out there, this is the real pain point right now, because Art Basel is awesome and all.
A lot of people got their first NFTs, but yeah, only 1% to 2% got actually really onboarded on cases.
So there's a huge gap there for a lot of talented people to jump into.
Will we get free NFTs or like just download the wallet and you get a starter NAN NFT?
We're thinking about it.
We're thinking about it.
Nani, you had your hand up for a while, though.
Go ahead.
Yeah, for sure.
So before I get into my short rant, I would like to ask this question.
I want some participation, right?
So in the crowd, just by a show of hearts, how many people in this space have dealt with more than just Tezos?
Just show of hearts.
I just want to see.
Okay.
Everyone.
So the reason I ask that is because I'm trying to figure out where should I start.
Okay.
So what I'm going to start with is saying, let's just cross Ethereum out of this.
And my reasoning for crossing Ethereum out of this is because Ethereum is the grandfather or grandmother to like all other smart contract platforms.
So we can't compare to them.
Because at some point, they were the only platform anyone could use.
But what we can do is compare Tezos to all of these other chains.
And it's going to make sense as I, you know, explain this.
So developers are one thing, but community is the other thing, right?
And I think people don't give community enough credit for what they actually offer on top of what developers do, right?
So my home chain, I guess you could say Cardano, right?
I talk to a lot of people on Cardano.
And I consistently tell them that Tezos is way more, Tezos has way more in common with Cardano as everybody else.
Like, you know, like liquid staking, like all of that type shit.
Like I tell people consistently, like, y'all can have these conversations with like Solana, Avalanche, and all of these other people.
But the main points that people from Cardano make when they're arguing with other chains, you're not able to make those with Tezos.
Because like one of the main things, liquid staking, like Tezos has that.
So it's like, now you have to get into the nitty gritty of what's actually going on.
But the thing is this, right?
So I'll give credit to where it's due, right?
Okay.
Okay, Burned.
Burned?
Is that how I say your name?
Burned?
Good enough.
Okay.
You were on the team to create NAMI Wallet?
Yes, sir.
Great job.
Just great job.
I'll say that.
Like, I'm not going to lie.
I actually use NAMI Wallet as the poster child for what a Cardano wallet should be.
Because when I have these conversations, they're saying like, okay, Cardano has so much more than Ethereum and Solana.
So it's so much more stuff that you need to put into a wallet for it to work.
And I'm like, okay, well, download NAMI Wallet.
Open up NAMI Wallet.
And the first thing you're going to see is your balance and the tokens that you have.
Everything else, like all of the stuff that has to do with baking, staking, that's hidden in the settings.
You can go figure that out.
But, like, I would say one of the main wallets that people on Cardano use, once you open the wallet, all of that shit is just like right there.
Like, the first thing you see is charts, all of this.
And it looks like an airplane cockpit.
But NAMI has made it very simple to use.
And, like, that's just congratulations to you.
Like, you have created a wallet that's actually a great usable wallet that somebody can come into and just, you know, easily be able to use.
But on top of that, right?
So, I'm still talking on the developer side, right?
So, let's just say object.
On object, you can make an NFT.
You can make additions.
And it's just simple as that.
You make your NFT.
You say how many additions it is.
And then, once you sign that contract, it's up there.
And if somebody buys one, they buy one.
And the number goes down by one.
Like, just on Cardano, let's just say you wanted to make 66 additions, right?
You have to mint those 66, which I mean, okay, kind of the same, right?
One price mint 66.
But once you go to Listed, our main site that we use is JPEG Store, you're going to have to mint.
Well, not mint.
You're going to have to upload each of those 66 additions one by one.
So, you're going to have to do.
And then, on top of that, every single time you actually upload, it's going to cost a gas fee, which I believe, like, right now is .3 ADA.
So, you're going to have to pay .3 ADA 66 times in order for you to get 66 different additions of the same artwork on JPEG Store.
And that's just the way it is.
We have bundles now.
But bundles, it's like you would be doing 66 in one bundle.
So, one person would buy all 66 at one time.
So, we don't have that yet.
So, that's shout-out to the developers.
But now, talking about the community, right?
Shout-out to the community.
So, one thing that I see that's a difference, and this is, like, this is software.
This isn't hardware.
Like, you can't develop this.
People that are willing to just buy shit because they like it.
You can't, like, you know, code that into a platform.
You can't do that.
That's just what the Tezos community is.
That's what they offer.
And that's something that no other chain has.
So, like, nobody coded into the software that Solana is going to be a chain that has a booming NFT community.
It's just the people that use Solana created a booming NFT community out of Solana.
The same way Tezos, nobody told the community to be a booming art community.
The art community on Tezos just showed up, and they supported each other to where they actually have that, you know?
So, I think that we take way more from the community as we should because without the community that is willing to, you know, just buy art because they like it, all of these developers are just developing shit that's not going to be used.
Like, I've seen it.
Like, trust me, I've seen it.
We have art marketplaces on Cardano.
It just doesn't operate the same because the people that are buying it, they're not as willing to, like, people on Cardano kind of, for the most part, it's more so like Ethereum and Solana.
Like, they want to buy an NFT and have it moon.
Like, I have, at this point, like 70 different NFTs on Tezos.
I don't give a fuck what their price is.
I just bought it because I like it, you know what I'm saying?
So, we just don't take, like, don't take the credit away from yourselves.
Like, you guys, like, every single person in this space has to do with why Tezos is amazing for art.
That was beautiful, man.
And, yeah, that's awesome that you're, you like Nan so much because we didn't even talk about that yesterday at all.
Yeah, definitely Nan's my favorite wallet.
We have a, Wimpy, you've had your hand up the longest, but we have a couple of reactions here, I think.
And, Victoria, I just want to check in with you real quick because I know you're at the airport.
I just want to make sure you're not, like, you don't have to leave or anything like that.
But I'm going to be boarding pretty soon, I think.
Okay.
So, what's up, Victoria?
Go ahead.
I was just going to go back to the onboarding conversation briefly.
Like, I just wanted to say, I think, like, this.
So, even at the booth, right, it was like, okay, you can make a free NFT.
I didn't even want to do it.
I'm not motivated by free shit unless I already wanted it.
Like, unless I already knew it and wanted it.
When someone says to me, oh, like, someone comes into space and they're like, I have a free NFT for you guys.
And I don't know the person.
I have zero interest in it.
Because to me, free me is worthless.
Because I don't want it.
And I'm pretty sure there's a lot of people like that.
So, Burn, I think part of the reason that you get, like, a 2%, you know, onboarding, like, people actually going back to it is because they don't value what they got, right?
People don't value free things unless there's a lot of value to it in the first place.
So, either coming in with something that everybody already knows, whether it's, like, a celebrity, you know, NFT or something like that, or something else.
Like, if you, like, gamify it, right?
If you get this, it basically is a ticket and you might win a bunch of money.
And I mean, because there's money, so you can use that, something along those lines.
Might be more motivational.
Yeah, yeah, you're totally right.
That's exactly why, with FX status, we are working on that it's not going to be a free NFT that people can claim at an event, but they can actually purchase it with a credit card.
So, it gives it more value.
Yeah, then you can maybe buy it for cheaper at the event and then resell it at a later stage.
But the process will be, they will create, or they download an app, they create an account, and then they can just purchase something directly with a credit card or Apple Pay.
And I really think that's going to create a lot more retention than just giving away free stuff.
So, I think you're totally right on that.
All right.
Speaking of onboarding, Wimpy has been doing some great stuff with onboarding.
So, welcome, Wimpy.
Hey, homies.
Hey, friends.
Can you all hear me okay?
Yeah.
Yeah, we hear you great.
Sorry.
Is that you?
I clicked the wrong button.
Sorry.
Go ahead, Wimpy.
Go ahead.
Sorry.
Yeah, we hear you.
That's hilarious.
I love it.
Yeah.
So, I love this thread.
I love where we're, like, headed in terms of, like, onboarding conversations.
For a little bit of context for folks who don't know who I am, my name is Wimpy.
I'm an artist, collector, and project manager in this space.
My pronouns are they, them.
I'm trans, non-binary.
And I'm just a general homie that loves NFTs, Tezos, and digital communities.
But for context, I've been working with my collective, Black Alpha, to onboard more black, brown, women of color, and, like, non-binary folks into the Tezos NFT ecosystem.
And I've had a lot of thoughts about, like, what success looks like.
And I kind of wear the product manager hat for our collective.
And in speaking to, like, our sort of, like, grant funders, we've been funded by Tezos Foundation Funds through Tezi Connect.
And speaking to them in terms of, like, progress and what we're learning about our onboarding experiences is, like, I am interested in sort of, like, expanding the KPI that we use to, like, understand onboarding folks.
Like, typically, we think of, like, wallet creation or maybe transactions within an ecosystem.
And, like, just from my experience of being in, like, Web3 for a year, I know, like, there's so much value we're leaving on the table by making that the narrative of what, like, a successful onboarding transaction looks like.
Like, you can onboard a million wallets and no one contributes to the ecosystem.
But you can onboard, and when I say onboard, I mean be in community with, like, a hundred people who don't necessarily have the, like, need to create a wallet or create a transaction but contribute in such meaningful ways.
Whether they're, like, in community with you in showing up to your spaces or in community with you in, like, performing, like, feedback on your user experience.
Or in community with you in terms of just, like, being, like, a general participant who's, like, interested in Web3.
Like, there's so much value left on the table when we, like, focus solely on wallet creation.
And I'm also interested in, like, how that kind of shapes our sort of onboarding practices.
Like, if instead our goal isn't to create more wallets but is to, like, create meaningful communities, like, should we be measuring how many people show up to spaces?
Should we be measuring how many people are, like, like, actually participating with, like, feedback or, like, contributing to documentation?
Like, there's just so many ways to think about onboarding, especially in, like, such an early stage of Web3 that we should sort of expand our definition for, like, what onboarding looks like.
So these are just thoughts I've been thinking about.
I know, like, in my personal experience, I've been in community with, like, black and brown folks in, like, spaces continually for, like, the past nine months.
And, like, perhaps they don't want to, like, like, create a wallet and collect something now.
But they might be the person that gives you the feedback for your app that makes your app more accessible to people you don't know offering that sort of feedback.
So I just like this thread.
I'm still, like, riffing on it, writing about it, thinking through it, and, like, thinking through, like, better tactics in terms of, like, what the goal of, like, an onboarding experience looks like.
But just throwing that out there for thought.
Now, Wimpy, are your teams still going, like, on the streets local, like, knocking on doors and businesses and onboarding that way?
Yeah, no, we actually haven't done that at all.
That's something that we're still deliberating and putting on our sort of roadmap.
Who's to say?
I don't know if, like, door-to-door is the way to go with that approach.
But we're still, like, brainstorming tactics on how to onboard people IRL.
Did you already talk to Ajit, our product manager?
Did you have a conversation with him?
Otherwise, we would love to have a user interview with you for Nan.
Yo, no, guys.
All right.
I don't want to sound like a complete, like, bum.
I'm based in Brooklyn, and I love Nan, and I signed up for, like, a user experience interview.
But, like, the time slots were, like, 3 a.m. my time.
I'm like, where the fuck are you based?
Like, holy crap.
But they are all in India, man.
Like, we can schedule one call with just me.
I'm in the Netherlands, which should be a better time zone for you.
You should have put two and two together.
Like, nine is an Indian food.
True.
Mad context clues.
You're right.
You're right.
You're right.
That's awesome.
Kevin, you've had your hand up.
What's going on, man?
Tell us about onboarding.
Yeah, on the onboarding, you know, if we look at, like, just the numbers of who is onboarded
and how many we have, there aren't, it's not like there are vastly more people on Ethereum
or other ecosystem, NFT ecosystems than there are on Tezos.
In fact, Tezos is probably the easiest onboarding you have.
The worst is probably Polygon.
People complain about that left and right.
So, and in the process, though, of onboarding, I think even, like, crypto pros, when you go
onto a new ecosystem, it's just like, okay, let me make sure I'm doing this right because
this is a foreign environment.
It takes a minute, of course, because it's, you know, finance and money moving around.
But it's not that bad.
But people do need their hand held.
And I think that has, especially in the early days, it served to our advantage in Tezos
NFTs because it led to, and those of us who were there, like, clubhouse rooms and spaces,
you'd have, like, onboarding rooms.
And then someone would step up and you'd walk them through the process.
And it would be so sincere because you're actually talking to a person.
And then other people who are maybe too shy for that, they're following along.
And if they didn't catch it all the first time, they'll wait for the next person.
So that's the type of sincerity and memory that's much more than just an automated process.
And you said that, of course, everything's, well, I'm going to, I'm setting something up
so I can walk it back later.
You got to wait for the whole thing.
So now having said that, yes, of course, we can reduce frictions.
There's everything in Web3.
You can reduce frictions.
I mean, especially if you're coming from a decentralized place and not starting from a
centralized venture like FTX and all that stuff.
No, you're building the decentralized first.
And then you have to think, OK, here's the centralized part we need.
How do we decentralize this?
Or how do we at least make it good enough that we can bring this into the process and do?
So there are steps with that.
I have yet to see something that can just let you go straight from, all right, here's
your app.
Just keep clicking and then you'll do the credit card transaction with Apple Pay or MoonPay
or whatever.
And then it'll set everything up for you.
And then you're connected to the marketplace that you intended on going.
And then now you can get started and go.
That'll get people set up.
And there's still the other leg of the process, which isn't even just in the transactional
side or the setup side.
But that is like, hey, get your feet wet.
Here's how you go and buy a thing.
It comes on the part of the marketplaces.
And they tend to happen together.
Like those onboarding rooms, people were just as hesitant and like, how do I get my Tez or
which wallet should I get as they were with like their first purchases of an NFT or their
first mints and the fun because it's a new environment.
And so that's one of the advantages we've had.
And it just grew with it in that because we are all about community and not like the
commoditized, just off the rack commerce NFTs that you got the sincerity with it.
So that's something I even with the growth of new platforms and new ways that reduce the
frictions.
We don't want to lose that.
And I know some huge artists today that like I remember onboarding them or I onboarded the
person who onboarded them.
And I know that if I and I remember even some of those cases, like it was just late at night
and I was so tired and I just didn't want to deal with it now.
I was just so burnt.
But I finished it up and I made sure they got through.
And I had no idea what they'd become.
And it's just like, wow, what if I just like didn't I wasn't in the mood and then I forgot
about it or whatever.
It's like, where would that like they wouldn't be here or like would they have come six months
later?
I don't know.
So there's a lot that and they remember and we still talk about it, too.
So there's a memory embedded with it as well.
And so because so my point is, because nothing is scaled yet on any blockchain for any app,
like not scaled, like in the true sense, and we are at the point of like thousands and tens
of thousands of people for things like we should build up and not atrophy the culture of one
on one, because we already have it so strong and we can continue its growth.
I hear that we should do a weekly onboarding space that is featured inside the Naan app.
If you download the Naan app, you get a notification.
The weekly onboarding space is about to begin and all these people can join and learn about
this cool ecosystem.
Let's go.
Yeah, that's that's all beautiful.
That's beautiful.
Naani, go ahead.
So, yeah, I actually host a weekly space for art.
Um, it's kind of cross shame, but the major ones is Tezos and Cardano.
So I would if my, you know, just throw myself in there.
Um, if you would like to promote that, then that would be perfect.
Like I actually have my co-host.
She's also on, um, Cardano and Tezos.
So, you know, like we have a lot of knowledge to do that.
Um, now what I will say is this, and you might want to take notes right quick, burn.
So I'll say this.
Um, the Naan wallet is the best onboarding wallet because it's the most simple.
Now, the Temple wallet is once you're on Tezos and have the Naan wallet, the Temple wallet
has a lot of different details that the Naan wallet doesn't have.
And I'm pretty sure you could probably find it in the settings as well, but it's just not
like, not like that.
Like, okay, on Temple, I, if I want to see my payouts for like, you know, staking, like
the, the, every three days, I can just click a button and it'll show me my payouts for every
three days on there.
And it's like, you know, um, figuring out who I want to stake with.
It's a little bit easier over there, but the UI on Naan is just top tier.
You know what I'm saying?
So like, I mean, I guess you could take notes on that.
Like, you know, you can, it's always room for improvement, you know, like, I agree with
you.
Like the, the current Naan that is on your phone is a, is a beta release and we're
working on a new version.
If you want a sneak peek of that new app, you can already visit our new website, Naan.app.
It's not publicly announced yet.
We will announce it on Monday with a cool video and all, but you can already check it out
on Naan.app, but there we will have that, that, those baking stats, but even more stuff
like the, the onboarding, uh, stuff we talked about, like social login, uh, um, user guides,
um, easy access to different depths.
You can buy NFTs on, on OBJECT with even, without even connecting your wallet.
If you access OBJECT through Naan, you can just directly purchase any NFT with your credit
card without having to sync your wallet.
Cause that's another barrier to take, right?
You need to go to this website, sync your wallet.
What is a wallet?
What is all this stuff?
With Naan, it's a, it's going to be a one app experience and you never have to leave
the app and you can do anything with your credit card.
That's the, that's the direction we're going in.
And, uh, yeah, the, it's really nice to hear your inputs because, uh, we're implementing
those and we'd love to hear more.
So we should definitely schedule a user interview at a suitable time for the U.S.
Yeah, for sure.
And actually I have insomnia.
So like if you're in another state or another country, like you're most likely going to
be able to talk to me almost at any time of the day.
But, um, I'm looking at the website and I do like that.
I see the, um, where you're, you're posting like the, the bakers, like the, the reward payouts
and all of that stuff.
So I'm definitely looking forward to that update.
Um, now I will also add, so you were talking about, um, so being able to use, you know,
um, what is it?
The face unlock and the Apple pay.
Um, so there's a wallet on Cardano and I'll have to look up some more details about it because
it's some downsides to it as well.
So I'll, I'll have to be transparent about that, but like the, the Flint wallet, you're
able to log in with face ID, you're able to make transfers and like stuff like that with
face ID.
Um, now the issue with Apple, which I'm pretty sure you guys know, Apple has now been doing
some BS where they want 30% of every transaction.
Um, so I am still trying to get to the bottom of why MetaMask and Phantom on Solana have not
had to deal with this problem where like, you know, um, you can use OpenSea, like you, if
you want to, you can use Magic Eden or any other Solana, um, NFT marketplace through the
Phantom wallet and all of that.
It's, it's like no issue, but like on Flint, you can use, you know, the, uh, the face ID
and all of that.
But for some reason, you're not able to connect to JPEG store.
And it's been told to me that that's an Apple problem.
So, um, if you're trying to.
There is a big Apple problem where it's, it's also, how do you explain what your app does?
Because if you say your app holds a lot of assets and you, you, you purchase assets or
you send assets with that wallet, then, or with that app, then in a certain way, their
policy of 30% makes sense.
But if you explain it in a way that the transaction is not happening inside the app, the app just
holds the keys to sign transactions, then it's a whole different story because the wallet
or the app itself doesn't hold the assets.
They're not there.
They just display the assets from an external location.
The only thing the app itself can do when you've imported your private key or a C-trace
is sign a transaction on an external network.
We have, we have some issues before with the Apple store.
Uh, currently we don't have them, but, um, I'm looking forward to having these kinds of
conversations with them to explain it to them properly because I've seen also Coinbase
wallet, their tweets about this issue and the way they explain the issue, they still explain
it in such a way that it makes sense from the Apple side.
But if you explain it properly, it doesn't make sense at all.
Your assets are not in your, on your phone.
They're not there.
The only thing that's there is your keys that you can sign with.
All right.
So I just want to give everybody a warning, a 10 minute warning.
We got to wrap up about, you know, a little bit early this week so I can take off to the
Tezos in the Hampshire event that's happening.
Uh, so that being said, XCZ Arsenal, go ahead and, uh, hit us with what you're doing.
And you're having a space right after this one, right?
Yeah.
So that's basically, I'm headed out.
Uh, I'll see you guys all next week.
Uh, Theo, have a great time at the event and one long spoiler alert for our spaces.
That's going to be later on.
Cause I know, uh, I think plenty team has a bit of stuff to do, you know, following this
call, but they actually are the winners of our 2022, uh, DeFi award, uh, for Tezos, uh,
meta awards this year.
So that's pretty cool.
Uh, I believe you guys received the most votes in that category.
Uh, somebody voted for burn and, you know, I think that's how you guys split by with an
additional vote, but I just kind of took burn just plenty, you know, and it was enough
for plenty on top of that.
So, uh, congratulations on the win.
I'm going to send you guys over, uh, actually your award and then you'll be getting some up
sober tokens too.
So, uh, absorb them burn.
I'm pretty sure you don't need them right now, right now.
So absorb them.
Let's add some more liquidity for them.
Uh, up sober is actually, uh, helping us to sponsor the event and be able to give,
uh, the additional reward, uh, to the, uh, recipients, you know, and the winners there.
So that's really cool.
And, uh, come join us.
I'll have a couple of cool things going on.
Won't take too long, maybe an hour or so, and then we'll be done on that end.
I'll join, I'll join from the plenty account, man.
Really appreciate it.
Awesome.
Party.
Awesome.
Awesome.
And, uh, yeah, we'll, we'll go down the list of like goodbyes that anybody else wants to
tell us what they're doing before we go.
Uh, I know I just dropped a Christmas Advent mint calendar every day, 25 days, 25 mints.
Uh, we're on day three.
So there's three available, uh, Christmas NFTs already.
And, uh, yeah, they're pretty cheap.
Only one does.
And after Christmas, I'll be burning any unsold additions.
And I, I think it's great.
I think it's a great idea.
I'm trying to get the hashtag, um, X TZ mess, you know, like X mess.
But instead of the dash, you just throw in a little tiny little TZ there, right there.
I don't know if it works.
I don't know.
It definitely doesn't roll off the tongue super well, but I figured I'd try to do something.
Uh, Christmas is my favorite holiday.
It's just about giving, right?
And, uh, looking back and being like, damn, it was a good year.
I loved everything that happened, you know?
Uh, yeah.
Go ahead.
Uh, we'll start with Nani.
What do you got going on?
Um, so, you know, I have another edition of my adorable monsters coming out Christmas themed, actually.
Because this is Christmas season, and I turn into an elf at this moment.
So, be prepared to see those coming soon.
And just more photos, you know?
More photography.
Awesome, awesome.
I'll look forward to it, man.
I definitely got to collect some of your art.
Uh, go ahead, Wimpy.
Tell us what you got going on.
Oh, sorry.
I didn't know I even had my hands up, because I wasn't going to take up any more space, but...
Oh, no, we're giving outros.
We're saying goodbyes, and just letting everybody know what you got going on.
Oh, word.
Dope.
Yeah.
Um, so, as I mentioned before, my collective, uh, works with, uh, black and brown women and
non-binary folks to onboard more black and brown women and non-binary folks into the Tezos ecosystem.
Uh, next week, we have an onboarding space.
Uh, it's on Wednesday, December 7th.
Um, we will be featuring lots of participants in the Tezos ecosystem.
The, the, um, point of the space is to introduce a lot of our cohort and people interested in onboarding into Tezos to a lot of the community members in this space.
So, we've got folks from, like, Teztown and Whale Tank and, um, a bunch of different, like, communities speaking about their communities and, um, yeah, all the beautiful stuff we have going on then.
So, if you are free this Wednesday, pull up.
I will look for the link and pin it up if that's okay.
And, uh, if you know of any, like, black and brown woman or anyone of color who's interested in Tezos and joining a community of people who are, um, about creating safer spaces and, um, a place to, like, explore Web3 from, um, send us our way.
So, I'll, I'll tag that up into the nest.
And, um, yeah, that's, if you know of anyone or want to DM and reach out to me, let us know.
We're also funding wallets.
We have, um, some Tezos to give people to get them started.
I got a button here right quick.
Wimpy, I see you have 999 followers.
Well, you're following 999 people.
Are you trying to make that 1,000?
Or are you trying to keep it at 999?
Thank you for spotting that.
I'm trying to keep it at 999.
I periodically go through and, like, clean up my follow list.
Go on, follow somebody so I can follow you.
I ain't going to follow that.
Will do.
All right.
I'm going to go on, follow some folks.
Um, don't quote me on this, but I will do that for you.
Is this being recorded?
Destroy this recording.
Kevin, what do you got going on?
Tell us about it.
Oh, um, what are we doing?
Uh, so as I mentioned earlier on, the Tezfin, uh, is now off for audits, external audits,
uh, Tezos Foundation sponsoring that.
Um, we have a major update we've been working on for a very long time, uh, with StableTez,
uh, and particular how to get and redeem StableTez.
So that's very exciting.
Um, I'll get updates on that.
And also, uh, the, finally we'll get to the major TezX release, which is, thus far, we've
only had TezX Bridge, um, sort of P2P swaps, but that wasn't even what TezX was about.
So that'll be out pretty soon too.
Um, we're almost at the release point for the first stage.
It'll probably all come out at once.
The announcement, the release, everything.
So stay tuned.
Sam, Maverick, I don't know if you guys want to go together or independent, but tell us
what you guys got going on.
Sam, you can take it away if you want.
Uh, like a little bit on the front end stuff that's almost done.
Oh, just front end stuff building away.
And I just want to stop doing front end stuff because it's a lot of work, but it's coming
along, uh, making it great.
Lots of purples and blues, which is very nice.
Good colors.
Um, we, we have a lot of auxiliary auxiliary front end devs in Ukraine.
And so we, um, it's been one wild ride.
Um, they, they're still in Kiev.
So, uh, every now and then like they'll lose their generators or their power will go down.
It's actually really quite crazy how, um, you know, people don't realize how much Ukraine
really does.
Um, but yeah, yeah, Maverick's bolting towards being on test net and that's going to be really
fun for us to do.
Uh, we're hoping to get it out there.
We've got a couple of last actually just front end pages that are almost, almost completed.
Uh, all the contracts are being connected to everything and, you know, we've obviously
got our own internal Q and a and whatnot before we put it out there in the test net world for,
for everyone to touch and feel and test and, uh, tear apart and give us notes before we
take it live.
So, um, so yeah.
Uh, it's, it's bolting forward.
Thank God.
Following Friday contracts are basically done.
Uh, we're getting close to be ready for sending them to an audit.
Nice.
It's quite nice.
Yeah.
It's, uh, like I said, it's, it's, uh, it's bolting forward.
We're quiet on the news throughout this like little bear market, but it's, uh, we're, we're
completely always busy building away.
It's, uh, quite a lot of things working.
Let's go.
Oh, you know, I love hearing it and you know, I, uh, I love everything that you guys do.
Uh, so yeah.
Can't wait to see it all drop in the test net.
And, uh, speaking of burn, why don't you take us home?
Uh, for a new plenty, we just redeployed the test that release for the new plenty system.
You can now also test the migration of plenty and the ref tokens to fly.
You can, uh, add your own liquidity pools, both stable and volatile, uh, pools on test net.
We have discord bots who track all the activity on the plenty network.
So if you add a bribe, add liquidity, do a swap, you can all see it in our discord server and the VE NFT design is final.
So, um, um, the VE NFTs will be the first NFTs on tasels, which will be completely, uh, on chain, uh, dynamic NFTs.
So based on the data and the smart contract, the NFT will change, um, super excited about that.
Um, we will also share all the, uh, repositories for that so that other peoples in the community can play around with it, with those, uh, concepts of, uh, purely on chain NFTs in the form of SVGs.
Um, I think we're just one sprint away from main app release.
So two, three weeks may not for plenty and on the non side, on the non model side, we're two, three sprints away.
So hopefully before the end of the year, we have the new NAM out there, um, especially for test, test users who want to test the new NAM, uh, check out the NAM.app website and sign up for the waitlist.
You'll be able to test the NAM app before the public.
So you'll get access to test flight for an iPhone and, uh, you'll get an APK on the Android side and you can help build the best onboarding experience for new people into tasels.
Um, and just share what you want to see in a mobile app experience for what three.
Um, yeah, that's a, that's about it for, uh, none and plenty.
Bernd, I got a quick question about that.
I went to go vote now.
Um, cause I'm trying to do it during the community calls cause it's a nice little time as a reminder before the Thursdays.
And, um, uh, uh, did they, did the redeployment basically redo everyone's VE tokens?
Yeah.
So it's a completely new deployment.
So all your liquidity positions are, if you tested before, then they're not visible anymore.
And also if you've created the NFTs before, they're not visible anymore.
So it's completely redeployed from scratch.
So it started again with Epoch one completely fresh.
So, um, if you create an NFT during this Epoch this week, you will be able to vote, uh, on Thursday.
But if you create your new VE NFT, you can see the new design of the NFTs.
And, um, yeah, we would love feedback on that as well.
I saw that.
I saw that I was missing all my VE NFTs and I went to go vote.
I was like, where'd it go?
Um, well, another good thing to point out.
Uh, is that you can, you can actually hit the claim tokens button again as well.
So you can refresh on getting some test net tokens and just start fresh.
So Maverick plenty whale is what we were trying to say.
Just sit there and like, you know, uh,
And then one other, one other note I wanted to make, like, if you've tested before with Kukai,
please test it with a different wallet.
Uh, if you want to be eligible for the airdrop on mainnet,
uh, that's the main thing we're still developing right now for mainnet, uh, an airdrop with, uh, missions.
So if you added liquidity, you get a bit more applied tokens.
If you voted, you get some applied tokens, create an NFT, you get some applied tokens.
If you tested the test net version of plenty of the new plenty, you'll get some tokens on mainnet.
Um, but unfortunately, Kukai wallet creates a different address for you on test net.
So, uh, if we want to support Kukai, that would require us to build off custom, uh, code.
So we're requesting everyone that have tested with Kukai in the previous release to please test it with temple or, uh,
uh, another wallet that supports the same address, um, mainnet as on ghostnet.
So that the airdrop will be easier on our side, like we don't have the resources and time to build a custom solution for Kukai.
So this is, uh, uh, this is the best possible solution we can come up with in the short, shortest amount of time.
Please just request everyone that tested with Kukai, please test it with, uh, temple once again.
Um, I also heard if you, if you blow up burns DMS on WhatsApp, you're also eligible for the airdrop.
Yeah.
If you have a Tazos project, by the way, slide into my DMS, uh, because since the partnership announcement, a lot of Tazos projects, a lot of smaller scale Tazos projects, bakeries even have reached out to be a launch partner of the new plenty system.
And these partners will get, uh, BNFT at launch, which can be used to vote and claim trading fees and price.
And you can direct emissions of the new system by voting.
So, uh, if you have a Tazos project slide in, slide into my DMS and let's, uh, let's do a demo of the new system.
And how, how can you as a project take advantage of this new system?
Um, all right, yeah, let's go.
And with that being said, this is the web three community call where we get together and we talk about what's going on in web three.
Uh, a lot of Tazos news this week.
Some, uh, ADA news, which was awesome.
Thank you for coming Nani and updating us, uh, educating us on, on that side of the ecosystem.
Um, yeah, it's been a great talk this week.
Uh, we didn't really get into DEXs, but that's okay because I think the conversation was, uh, pretty great anyway.
It got some pretty awesome news from, uh, Art Basel, some, you know, some good news hitting the blockchain just in general.
So, yeah, thank you everybody for coming.
Thank you for telling me, uh, updating on me on everything that's going on, right?
Because we can't be everywhere at once.
We can't see everything happening.
You know, it's just too much.
So this is just the perfect time to get together and, and share and, and compare notes.
So thank you guys for coming and I'll see you guys next week.
Bye.
