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Web3 Global Talks 🎙️ Ep.375
Recorded: May 8, 2025 Duration: 0:59:58Space Recording
Short Summary
In the latest Web3 Global Talks, industry leaders discussed the dual nature of the speculative frenzy in crypto, its impact on project growth, and the importance of decentralization in the creator economy. Notable project launches include Wink's decentralized platform and AFI Network's incentives platform, both aiming to reshape user engagement and monetization in Web3.
Full Transcription
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a second while we get everybody up here seems the space is being a little weird and slow today so but we'll be back in a second Thank you. Oh Oh Oh Oh so
so Oh All right, everybody, we can go ahead and get started.
Like I said, welcome to Web3 Global Talks, episode 375.
We like to start the spaces off with a round of introductions,
telling people who you are and who you're representing for about a minute apiece,
and then we'll jump into some questions.
So I'm going to go top to bottom for this one.
So Wink, you guys are up.
Right, yo, yo, pleasure to be here.
Thanks for the invite.
Guys, my name is Leon, I'm the founder at Wink.
Personally, I come from a biotech background,
used to be in Web2.
This is my first web-free startup.
My CTO was the head of ai at
navr or line app um so wink is a uh decentralized only fence essentially the main problem we're
solving is um censorship within the nsfw creator space and honestly crypto is like the most obvious solution to this consumer area and
we've raised roughly five million from vcs like animoka brands and stuff like that so
looking forward to telling you guys more about what we do and any other topics so yeah thanks
for allowing me to be here yeah thanks for being here man all. All right, DDAI Network.
Yes, hi.
So I'm joined.
I'm currently working as the head of marketing at DDAI.
It has the first thing that is actually our co-founder
to join, but he's just go out with the partners,
and they have some drinks.
So he's wanting to come in to take his place at the moment.
So let me give a little bit of introductions about DDAI.
So we believe the future of the Web3 isn't just like decentralized.
It's like deeply human.
So we are building AI that doesn't just respond but understand
you and have emotionally and more contextually so while protecting your privacy at the every
layer so really excited to jump into this picture of questions today
thank you all right uh afi network of questions today. Thank you. Alright, AFI Network.
Hey everyone, my name is Pinaki, founder and CEO at AFI Network.
Good to be here.
AFI Network is a decentralized incentives platform.
We help businesses reward users with cryptocurrency in real time for completing tasks.
So some of the tasks might be like social tasks.
So you might want to incentivize actions on X,
Telegram, Discord.
There could be some educational tasks,
so you might want to be creating some quizzes.
Or also some on-chain activities like
swapping or incentivizing users to stake.
So AFI Network covers all of that.
And we provide users with a subscription-based solution to run it.
Some of our partners include IBC Group, Cointelegraph Accelerator, Polygon Studios.
We were also featured on Paris Blockchain Week's Top 100 list.
We have about 25 investors on board, pretty small at the moment, so $250K raised.
And we currently have a 1
million dollar round open I'll share more later thanks thank you man all
right Jason with formless hi good morning everybody my name is Jason I'm a co-founder
of the company called formless we built the share protocol, which is a protocol where creators can create digital IP on chain.
And then we provide monetization and distribution tools, most notably a mechanism where creators can share revenue on their streaming assets like music and video.
streaming assets like music and video. We believe that the creator economy in general is underserved
and a lot of the value is being captured by Web2 platforms. But by moving digital IP on chain,
we open up a whole new canvas of opportunities for monetization and distribution that we just
haven't seen yet. Our company is a couple of years old.
We went through the A16Z crypto accelerator program in 2023.
We have a live product in market right now.
And now we're growing our user base by onboarding creators and consumers who want to participate in revenue sharing opportunities.
Nice. Thanks for coming, Jay.
All right. Matt with Flock.
Hey, everyone. Thanks.
Yes, hi, I'm Matt.
I am the lead of growth at Flock.io.
Flock.io is a decentralized AI training platform.
So we've built a number of technologies
that facilitate the training of AI models in a decentralized way, wherein our participants are fairly rewarded for their contributions to those models.
We are particularly focused on federated learning, which is a form of machine learning and AI development that is privacy preserving.
And also it's training on data that while the data
stays secure, private and local. So we are currently, we've been around since 2022. We
are deployed live on base mainnet currently and we have plans later this year to launch a few
other products. So I'll leave it at that for now. Thank you.
Nice.
Thank you, Matt.
All right.
Well, we're going to jump into some questions today,
and then we'll let you guys, you know, give a close off at the end again.
So today we're going to talk about, you know, kind of value in Web3 for the second question
and kind of get your opinion on the first question around you know kind of the
speculative frenzy that we have going on so the first question is is the speculative frenzy around
crypto assets a distortion of web3's potential or do you think that it's an essential catalyst
for the growth of the industry at least you know right now so uh for this question and for the second question
we'll go off of a hand raise mechanism so uh the heart at the bottom and then the hand all the way
to the right is how you raise your hand if you're not familiar with that uh also during this time
you guys can share anything up to the top if you wish by clicking share on any of your tweets
uh and then share to space so everybody can see those. But yeah, other than that, I'll see if I get some hands, and if not, I'll just
pick at random. I also can't guarantee that I can actually
see it. Sometimes X doesn't show me the hands, so I'll give you guys
a couple seconds here to digest that, and then we'll go from there.
Alright.
Well, I'm not seeing any oh DDIA there we go our AI sorry yes the questions let me so I
think that at the moment that speculations is not that people it's get like people like talking training and
sometimes like even dreaming about it but uh but speculations like only brings the user in but the
i think the most important thing to keep user to stay at your project project is that they
to stay at your project is that you should have your authentic, also the technical, but
like utility technical to keep them around.
So I think it's the speculation, it's just the hook that when you imagine you go fishing
is you throw the hook out, it collects, it brings back to you a lot of fish.
But I think the connection should be the anchor of this.
So I think the real potential of Web3 lies in building this system that is intuitive. is like intuitive and also like um in what you know like privacy of course and also with um
alliance of how real human can communicate with the project so so you think that the is the frenzy
that the is the frenzy or distortions I think yeah sometime but it's I think it's like a
stage that we need to pass through and to build it the to build it to have the future
I think we need to have like trust and uh not just like with the not only with the token pumps i think that's the word that for it to grow
well you know we kind of talked about this a little bit yesterday as far as like building
an actual community goes and you said you know speculation is good to basically get a lot of
fish in and that's very true except it's unfortunate that like half of those fish are essentially mercenary fish, you know, that are there basically to speculate and then kind of bounce, which is quite a problem that, you know, is kind of pervasive for the entire industry.
the end. It's kind of weird that, you know, I've been a part of projects where people were,
you know, hyping up everything that we were launching, except they weren't actually using
it, which is kind of like a very weird place to be in. But yeah, absolutely. Jason, you're up next,
man. And then week. Sure. So I think fundamentally, I agree with the sentiments expressed by both of
the previous speakers. I think in general, speculation isn't necessarily bad if it's drawing attention.
Once you get that attention, it basically serves as a signal that there's something here.
Where it kind of falls off, though, is that it starts to over-index or over-distort short-term gains.
And when those short-term gains aren't tied or aligned with something more
tangible in the long run, then it gets a kind of perception of being fluff, right?
So I think at Formless, in my personal position, is you've got to be really careful on where you're
speculating. Is it speculation just for
short-term gain and just be realistic about that? Or is it speculation because you actually believe
that there's some type of long-term utility that the speculation can translate over to?
So that's where I really think the shift between kind of initial hype to sustainability
happens, it has to be rooted in something fundamentally grounded in utility.
Yeah, I agree, man. And like, the thing is, it's weird about the space is, you know, if you want a
short term gain, I always think it's kind of weird that you go for, you know, projects actually
building utility. I think it's kind of counterintuitive, at least in my opinion, because
there's an entire, really a section, right? What you could call the casino or whatever you want to
call it with meme tokens. That's, that's essentially like all that they offer, right? So it's almost
like an educational aspect as well of like getting people to understand that like, hey, you know, there's kind of two different paths to investment here.
One of them is very speculative and that's what it's about.
And the other is just like if you would invest in, you know, anything else that you believe in.
So I'm not quite sure how we get to that point, but it needs to be well yeah I think it's I think it's about really seeing clearly the difference
between something that is speculative and this something that is actually rooted in utility
right like if you want to play the the speculation game know the game you're playing and then maybe
you know also know where there's real value in utility because you could easily bring money this
to the space in my estimation is a good thing,
but it's okay. Let's be smart about where we're allocating it. If I'm making speculative profits,
well, why don't I think about maybe allocating some of those profits into projects with actual
utility? You don't necessarily have to stay in the casino all the time. It's about when do you
get out of the casino and recognize that there's other things you could be placing your bets on that have longer term sustainability.
Yeah, absolutely. Well said, Jason.
All right. Wink, you're up.
Yeah, I think I just want to rehash the same point you guys said um i think i think it's basically both um it's a catalyst and a
distortion because um the reality is most of the people in webfree come in here to make money right
most of the first entrance we have is like we want to buy this token or interact with this
uh whatever protocol and usually the motivation is to make money and we've seen this happen a lot in
like throughout the years in
different narratives like for for games you have things like uh play to earn with x infinity
we have social fi like friend tech we have sports things like step n basically the token aspect or
the speculation aspect really allows people to draw into that protocol but i think a trap that
people or these protocol i would say have fallen
into is they focus so much on the speculation that the actual original targeted use case becomes
more and more of obscured right like step ends user base correlates with their token price
whereas things like um is this strava like uh users will actually grow over time, even if you give them free things at the beginning.
And so I think it's a really good tool, speculation, to bring in people to grow your initial community
or even to bootstrap your early finances.
But in order for that to be essential for long-term growth,
you really do have to try to look at what is the actual value proposition
and target those users,
give them utility, right? Like for us in our perspective,
we're trying to help creators make money by selling content. And if,
if the only reason why creators are on our platform is because they want to earn
money from just doing nothing and get airdrops,
then that's not a real user. Cause at the end of the day,
I think we need to start looking at getting customers not just getting um speculators but yeah i think those two things
can come hand in hand but um yeah i i use the word a token product fit because sometimes your holders
and your users are different people yeah i think even oftentimes oftentimes they're different people, which is kind of hard to recognize as well.
And, you know, one of the things that you have to be really careful with, I guess, when you're building in the space is that, you know, if you're not really super familiar with Web3, you may not realize that, you know, a lot of that initial funding and everything else kind of happens, it's front-loaded, right? So you have to really
kind of plan out the next, you know, four to five years, because if not, then, you know,
you've got all this hype at the beginning, and then you can't really sustain for a long time,
which is pretty much textbook for a lot of the industry has been for a long time. So,
a lot of the industry has been for a long time.
but yeah,
good point,
man.
All right.
Let's go with Matt.
Yeah.
I mean,
I generally agree with all the sentiment thus far.
So not a ton to add.
The only thing that I,
I guess the only little bit more nuance that I'll dive into is,
you know,
on the speculation side,
like,
you know,
at the end of the day,
at the beginning of the day,
crypto is, you know is an inherently financial technology.
So speculation is not only expected being a new technology, but it's implied given the financial primitives upon which crypto is built. where that distortion becomes a or I guess where that sort of the speculation frenzy can become
a negative thing and a negative distortion is that I think it can often distract people you know the
number go out mindset can often distract people of the power of blockchain technology you know
decentralized global ledger permissionless transactions um that when we talk about
transactions that doesn't even necessarily need to be
transactions of financial assets. It could be all sorts of other assets.
So I think that where I see the sort of, where I maybe take pause with some of the speculation
is, you know, it's just a matter of individuals sort of getting distracted
of the actual power of the blockchain technology and getting too caught up in the financial side of things yeah absolutely i mean i think that's again indicative of
kind of more the psychology that's been at play here for a really long time
um and you know i almost wish that like we could just split the industry a little bit you know to
where it's like hey this is like the really heavily speculative side.
This is like if you want to be kind of serious about what you're doing a little bit.
But again, you know, I it's probably like a more of a long term educational thing, like I was saying, where people will, you know,
that'll go by the wayside a little bit more and people kind of naturally gravitate towards those things that are
essentially just there's nothing else to them but speculative right but yeah i mean you are right as
well that it's intrinsically you know financial instruments for the most part so it's to be
expected but yeah good point man all right um afi network yeah, so I agree with most of the points, you know, that were brought up earlier, right?
So I think that, you know, the speculative frenzy is both positive and negative for Web3.
And so positive on the side that, yeah, it can bring more investment.
It could bring more liquidity and, you know, adoption.
But at the same time, same time, there's also,
could create a lot of distraction,
especially from a builder perspective,
should they be focusing on utilities,
should they be focusing on their token?
And so it does create a lot of distractions
and around focus and also,
projects should be focusing on utility. The thing that's interesting, though, that wasn't really touched upon was,
or at least one thing that I noticed was that when new users come into crypto,
a lot of them are actually coming in to speculative tokens, right, or more risky assets.
And so I think I read a stat or something which said that when, you know,
Trump launched his token, I think 46% or something like that of buyers were actually
new to crypto.
And so most of those people actually ended up losing money, which pretty much happens
every cycle, right?
And we kind of have to think about how that's actually creating a bad reputation for Web3
in general.
And so I guess the thing to figure out is how do projects with true utility
you know get meme-like exposure yeah i'd like to end there yeah that's a really good way to put it
how do real projects get meme-like exposure uh absolutely man and that's a crazy stat for the
trump token uh you know hopefully that wasn't like the end all be all that they thought crypto was.
But, you know, that's neither here nor there.
I have my own opinions about a president launching a meme token.
It's kind of crazy, to be honest with you.
But, yeah, it is what it is, I guess.
But, yeah, great point, man.
All right.
Let's see.
We have Nebula AI up here or Nebula AI, however you say that, I'm so sorry.
But if you wanted to give an intro real quick, man.
Go on, can you hear me clearly?
I can hear you now, man.
All right, cool.
So I'm from Nebula, yeah.
And so sorry for official accounts not joining.
But basically, you just have to jump into this so I could make sure I represent and stuff.
It's a pleasure meeting you guys and the person on the space, yeah?
So, brief introduction about Nableye, right?
Nableye, yeah, is a decentralized company it's more like a network yeah
that connects AI blockchain and computers all around the world yeah
that lets people that lets people and their business share the computer power
AI too and data in a safe and fair way yeah which nebula you could you can end
rewards by sharing your computer or skills yeah on developers can build
smarts AI apps faster and cheaper as well and everybody can actually trust
the system because it's runs on a blockchain so so everything is actually
open and secure.
In short, let me just say Snibla is building for the future of decentralized AI.
Everyone can take that and also benefit from it.
So that's it.
Nice. Thank you, man.
I will go ahead and read off the first question for you as well, since you got here a little late.
The question is, is the speculative frenzy around crypto assets a distortion of Web3's potential or an essential catalyst for its growth?
Okay, okay. That's a good question. That's a good question that was a good question probably most of the speakers has said something regarding this but I could just give a little bit of short brief
insights about what I understand by this or what is actually doing so it's a bit
both more of like at the hype that distracts people from the real purpose of
web 3 yeah so which is about giving the power back to
the users and also the believers and but at same time yeah the excitement and the
money helps bring attention talents and also resource into the space and stuff
like that so for a while yeah it's actually gonna somehow uh can be like uh messy and stuff so but we also help web3 grow
faster yeah that's it all right thank you man okay guys uh the second question uh is kind of
you know pretty related to the first one but this is is, you know, beyond financial metrics, how should we measure value
in Web3 projects and what intangible benefits are we overlooking? So in a way, this question
is also related to, you know, what kind of advice would you give to somebody for what to look for
essentially in a project if they wanted to go a little further than just speculative and they
were looking for more kind of like, you know branching off into these long-term plays
Where they could kind of understand a different side of the space really, you know
What do you guys potentially even look for in projects that you're involved in or you know
Wanting to kind of look into yourself is a good way to think of this question as well. So
We will go off of a hand
raise again so uh just kind of laying this out here for cancer but it's like basically uh you
know we'll go off of that the heart at the bottom and then the hand all the way to the right so um
and i will see if anybody wants to go first uh yeah matt you're up man yeah so i would say like for me like when i first got into
crypto it was very um it was very much for like sort of philosophical reasons i uh got into bitcoin
and just after having very poor experiences with legacy financial systems and i learned about
bitcoin and started you started buying Bitcoin and transferring
Bitcoin. It was amazing to me. And then I started to, as I progressed more and more in the space,
I started to learn more about what can be built on crypto rails. For example, this is when DAOs
were starting to get more into the mainstream. And I was very much more value aligned with that.
So I give that as context. And I would say that, like, I think what's important for people to like which values to look for in projects beyond this strictly financial, potentially a number of technology is, you know, it's very important to be value aligned with yourself and understand, okay, what is in reality, what am I, you know,
trying to get into here? Um, so for example, you know, am I interested in the future of work or am
I interested in user ownership, actually owning my data and getting rewarded for the use of my data,
say in training AI models. Um, so I, it's not that I, I wouldn't say that I have like a very
specific answer, like this is the value and these are the specific non-financial metrics that people
should look for, but what's very important for people who are looking to get more out of this
space uh is first to sort of do a bit more introspection and reflection to really see
what are the challenges that i'm facing um that crypto can help solve
and then aligning themselves with with those types of projects
yeah what's an what's an actual problem in my life
that could be solved by something that somebody is building?
That's a really good question.
And honestly, that's a question that needs to be asked more
in the space in general is,
are we ourselves kind of building something
that solves an actual problem that people have?
Because we've had a lot,
it's been in the
modern era of crypto I guess as far as like you know kind of building for problems that maybe
don't exist quite yet so you know something to keep in mind if you're a builder as well but
yeah good answer now wink Europe and then Jason yeah I want to first comment on the quote-unquote financial metrics.
I think most of the VCs, at least when we were raising,
mostly they think about like token, investing schedules, TVLs and all that stuff.
But very rarely we hear VCs ask about things like lifetime values
and customer acquisition costs and like profitability.
Nobody talks about profitability, which I mean, at the end of the day, we're building businesses.
So I think that's one thing that we're overlooking within the web-free space.
But other intangible benefits, right?
Like for us, and maybe Jason can speak on this later as well, specifically within the creator
economy, I think censorship and decentralization is actually two really big
factors. For censorship, right, like I'll give you some example within the space that we're
working in, which is like a WebFree OnlyFans. For those of you just joined, we're at WebFreeOF.
Some of you might remember Ansem's Angels or our old name only one. Some examples, right,
there's this girl called Bella Delphine that made 90,000 USD from selling her
bathwater on a stream. And PayPal just sort of not pay her. At the end of that, 90K was stolen
from her because it was, quote unquote, an unethical business practice. And then there's
things like Wish Tender, which got shut down by Stripe. They were servicing 200,000 creators.
And even OnlyFans itself banned adult content for a while because bank called them and said, hey, we don't allow this anymore.
So financial censorship, I would say, is one of the biggest pain within some of these consumer spaces, especially ours.
And other than WebFree, I really don't see a way out for these creators.
Now, in terms of decentralization, I think the world is really leaning towards it already.
Now, in terms of decentralization, I think the world is really leaning towards it already.
Over the years, you know, for creators, at first, they might be making something like 20% or something when they were relying on radios and MTVs.
And then they started relying on sponsorships on social media.
And then they started making money by selling directly to their fans on things like Patreon and OF.
So it's basically getting the fans and creators closer and closer
towards each other and with web free um they can finally get directly uh between each other right
like a fan can pay a creator directly without any intermediaries no bank can take away their money
no gatekeeper can say no to uh what they really want to do and of course um just a last note
permissionless is not lawless. So like, we still
respect all the regulations, KYC and all that. But within all that scope, I think decentralization
is a huge benefit for a lot of users, not just for the sake of speculation, but also for
creativity and monetization.
Yeah, and that's absolutely, you know, a mix of, at least for you guys, right? You know,
knowing your customers, but also knowing, you know, essentially who would be a user there.
And yeah, I agree, you know, permissionless doesn't have to equal lawlessness as well.
As far as like actual metrics and things goes, you know, it's kind of funny, like that you
mentioned the financial aspect. I know it wasn't
necessarily 100% part of the larger part of the question, but I just want to say I found it odd
that you said that a lot of VCs don't even look at profitability. That's kind of crazy, right?
That kind of points to me to think that a lot of the VCs in the space are essentially those
kind of mercenaries in disguise right a lot of them
aren't really interested in kind of growing your product as well if they're not even asking about
profitability kind of to me points to the fact that they are going to you know exit pretty quickly
um because yeah at the end of the day you know it is a business and that makes a lot of sense so
uh you got to be careful out there not everybody not every vc is created equally essentially but
You've got to be careful out there.
Not every VC is created equally, essentially.
But, yeah.
Jason, you're right, man.
Yeah, I agree with the sentiments that were previously mentioned.
I'll also add that I think that fundamentally we've got to ask ourselves,
like, what are we here for?
And I think what we're here for when we think about the promise of Web3
and decentralization is to provide agency back to people, provide control over our, in the creator economy, creative assets, our creative IP, new tools for how we monetize that type of content. Right now, we're in a world or a paradigm where we have a
handful of corporate intermediaries that capture the value. So the value is largely accruing to
those entities. When we decentralize networks and we start using that as our underlying technology,
the value can start to accrue to the edges.
The edges being the people who are actually creating the value
and the people who are consuming the value.
That's the promise of Web3.
So when we look at it through that lens,
it really becomes about providing those tools to people,
giving them agency, giving them ownership, giving them
options for how they do things. We don't live in that world. Web3 unlocks that.
So some of the things that I look at when I'm looking at projects on the intangible side is
how many creators are actually benefiting from this in a way where they can use Web3 to benefit their lives as opposed to using Web2 tools?
To me, that's really important because you get ownership, you get control, and you can start to build direct relationships with your own fans.
You can start to build communities around your work directly because now you own the relationship.
That's not true today.
The platforms own the relationships. So it's a different paradigm and it's one worth
going for, one worth putting a lot of effort into to break out of the existing system because I
think we all benefit when our creator class is producing higher quantity
and higher quality of creative arts, whether that's music, whether that's video, whether that's
art. We seem to excel in periods of history when our creative class is able to sustain a living
through art. So yeah, that's just a few thoughts.
Yeah, and some good thoughts as well, Jason. You know, that's one of the things that I look for
when I'm looking at a project is like, does this solve a problem better than Web2 solves the
problem? Or does it fix a problem that Web2 has created, right? That's like one of the main things
that I look for, because for anything to really gain traction in this space, it not only has to be, you know, usable and everything else,
but it really has to be better than any Web2 alternative could ever be to get a lot of people
over here and use it. So that's one of the things that I look for that's pretty intangible. You know,
I also look towards like, I like to personally see the
team makeup of a project. I think it's important to have like a pretty well-rounded team. Uh,
you know, it's really hard to kind of do things, uh, as an individual in this space. I mean,
there's so many different hats you have to wear. So I like to look for that personally, uh, you
know, dive into a little bit of background on people, see their philosophies a little bit,
if possible, uh, all are really, really important things to do in my opinion but yeah good job jason all right uh
ddai see you guys okay um thank you so i heard that jason just talked about the core of the projects, but I think the real value of the
directory can also goes to, I think it can depend on the
community, I mean the humans, because we need to measure the
value of how like people feel when they interact with the
projects.
So are they being heard? Are they being understood?
So do they trust the data?
And does it work to put the time in?
So I think it's a powerful layer enabled to keep the projects
alive beside the technical side and we often focus on seeing
how many like wallets have been connected to the projects but we forget to ask like
how are we connecting to the user that are using our projects.
So I think we need to have like building the empathy, the trust,
and also like the agency that works alongside the users
to have the retentions for the projects.
to have the retentions for the projects.
And I think it can be measurable
if we take a careful look throughout the whole project
to judge what we need to improve
to make the user feel more knowledgeable and more comfortable.
Yeah, that makes a lot of sense as well
because one of the things that I also look at,
and I'm not saying this is common nowadays,
although it probably should be,
is like really well-written, you know,
white papers and different forms of media
that I can utilize to get up to speed on a project pretty quickly.
I mean, for me personally,
it speaks a lot to if you take the
time to do those things, it means that, at least in my opinion, that you kind of believe in what
you're doing. And two, you really want to onboard as many people as possible. You know, I can't tell
you how many times I've looked at projects and stuff. And not only have I seen like just a really
kind of a lack of how to use a protocol or a real understanding of what the
project is trying to do. I mean, obviously, you know, there's only so much you could fit in a
Twitter tagline. I understand that. But like, if I got to a website, and it's really vague and
different things like that, it's kind of a turnoff for me. So, you know, I think it's important to
just kind of weed things out like that, make sure that these people, you know, have their ducks in a row,
or that they at least have some kind of goal in mind,
or, you know, a roadmap that makes sense.
All of that's very important.
So, yeah.
All right.
Let's go with Cants, man.
You got an answer for this one?
Maybe?
Might be.
Might have disconnected a little bit.
Yeah, Afi, go ahead.
Yeah, so I agree with a lot of the points.
Was that the one Paul and Leo?
Sorry.
Yeah, we can...
Your connection's a little weird.
We can hear you partially.
I don't think you heard us talking necessarily.
Can I hear you?
Yeah, I can hear you now.
Sorry, Afi, we'll get you in just a second.
All right, I was asking, was that the one you were referring to and stuff?
Like, instead of the second question and stuff yeah
okay okay okay that's cool uh so basically we uh you were uh referring to beyond finance and
metrics and stuff like that right yeah essentially so the question i can read it again it's no worry
um the question was, beyond financial metrics,
how should we measure value in Web3 projects
and what intangible benefits are we overlooking?
All right. That's a good one.
Okay. Let me just break this down.
So we should look at things like how active and helpful the community is
and how much control users have over their data
and also accents and stuff like that.
So, and we should more or less look at something
like how open and fair the project is
to join or build on, yeah?
These are signs to real value, yeah?
Even if they don't show up the price charts and stuff like that, uh, with some time forgets that trust, uh, yeah. And also
freedom, strong community. Uh, yeah. Uh, also included in the big win. Yeah. So that's it.
included in the big win yeah so that's it a community to be kind of a double-edged metric
as well I mean a lot of the times like you know I also like to go in and weed out like you know
are these people in here kind of like hide beasts or are people actually excited for a lot of what
the project is offering that's another way that I like to kind of weed out some projects
that I'm interested in looking at.
You know, I take a lot of time, like, you know, is the community open?
Does discussion seem open?
You know, are people able to voice their concerns and everything more,
you know, fairly?
So I kind of look at that a lot, research it a lot from the beginning,
especially like in telegram groups and things like that.
It's very important.
It's a good way to like catch a vibe of how, you know,
the team operates and kind of their philosophy overall
regarding that.
And basically if the community is real,
I think that's another good way to value a project.
So yeah.
Afi, you're up now.
Sorry about that.
Awesome. Yeah. No worries about it at all.
Yeah. So yeah, I agree with a lot of the sentiment here. You know, I think that, you're up now. Sorry about that. Awesome. Yeah, no worries about it at all. Yeah, so, yeah, I agree with a lot of the sentiment here.
You know, I think that, you know, some of the metrics or, you know, some of the variables beyond financial metrics,
you have stuff like, you know, community engagement, you know, how decentralized the product is.
I think that's extremely important.
That's something that, you something that attracted me to crypto,
along with the speculative frenzy,
which we just discussed earlier.
But that's something that we look into a lot for our product,
and we want to make sure that all our users have ownership.
Ownership is a big theme in Web3,
and we want to make sure that
all the participants in our network do have access and control. So one way
that we've done that is you know all the campaigns that are deployed on AFI network are deployed as
smart contracts right and that's extremely important because those reward pools that are
then funded are also then owned by the creator themselves. So it's stuff like that that's
extremely important to us and And you know one thing
that we or was discussed earlier was that you know the increased trust and security
in Web3 you know and and how we can actually solve problems better in Web3 than in Web2 for
some solutions and you know those are the solutions to focus on. So for us you know prior to building
AFI Network we were running in youinfluencer agency based in Thailand.
And we were pretty much incentivizing users to do things.
It was web2.
We worked with guys like Decathlon.
Our clients were HappyFresh, Lock & Lock, Flash Express.
We ended up creating 2,500 jobs.
And what was really interesting was they wanted to, as in our users, know, as in our users, customers, they wanted to, you know, pay per sale.
They wanted to pay per action.
They wanted to incentivize other tasks.
And the challenge was really the POS system, right?
Every single business had a very different POS system.
And so how are we going to, you know, build this as a scalable solution?
How do we actually make this an exciting business?
this an exciting business. And that's when we saw that the Eureka moment for me was when
we discovered, or when I discovered through trading that essentially everything on chain
is public and that's a public ledger. And that's where all transactions would end up happening.
And with the thesis of that, more people are coming on chain, more businesses are coming on chain,
building the solution on chain was definitely something that we needed to do because, you know, it increased the trust,
it increased security. It also made it completely possible to actually track, verify, and distribute
these rewards in a way that was controlled and also in the sense that we gave users control
and ownership. And not just that, but I think another,
some other value as well beyond financial metrics
is social impact.
This one's a little bit more personal to me.
I think, I mean, for those founders
that are familiar with the concept of Ikigai,
it's just really finding a purpose in what you do
and making sure that not just are you motivated
by the revenues, but also creating positive impact.
And so I mentioned 2,500 creators paid.
We're looking at 1 million via AfinaWork and more.
So I think those metrics are actually really important as well for the teams and for the communities to actually go on and have a purpose beyond just financial metrics,
which is very important, but not always the most important thing.
Yeah, absolutely. That's a great point as well man you know i i also try to kind of see if people like you said man if they're kind of idealistic because otherwise it's like you know if you don't
have any kind of real ideals to something it kind of really shows like if you could you can usually
tell if a project is just there uh to really make and extract as much value from their consumers as possible instead of kind of
giving some of that value uh you know all the way around which is really kind of what web3 is about
in my opinion so yeah i agree man i'll try to look for people who stick to their ideals and
uh kind of talk about it as well which again again is what I was talking about. Like when you go into communities and stuff,
that's part of the vibe that you can kind of catch
from project leaders as well.
You know, are they in there?
Are they talking about what they're trying to do?
You know, do they seem excited about it?
It's a major factor as well.
You know, it's a good way to value a project.
So yeah, good point, man.
All right.
Well, we got about 10 minutes left.
And like I told you guys i like
to always finish off uh with enough time to kind of give you guys a little bit of time each to talk
about what you guys are doing individually uh with your projects so like if you have anything cool
going on uh if you want to just tell people where they can find you just give a little more
information basically however you guys uh kind of want to end off so
uh for this uh for the sign off i'm just going to go top to bottom because it's just easier so
uh wink you guys are up all right so uh time to shill i guess um so again we are a web free only
fans on solana we've been around for a while and uh we're shipping our biggest update on the 15th of May in roughly a week's time.
We got a new cohort of influencers and creators from the Web2 space.
Our aim is to really usher in more users from outside of the ecosystem.
And yeah, and our token is called L-I-K-E Like.
We are, yeah, we're just building, we we're shipping we're having fun we're just vibing
man thanks for having us yeah thanks for being here man i appreciate it all right uh dda
okay agrees chilling time uh so currently to wrap it up
So currently to wrap it up, no sliding to worry about that.
I think we are here to make, we are building a more private, personal and emotionally intelligent with the AI agents.
As I was keep talking in the answer that we need to understand how our user feels.
So we're building like an emotionally aware and trust first agents that
can power everything from the communities, the commerce.
At the moment we're having, we're just launched our MVP for a week so we're having lots of incoming like campaigns giveaways that are on our
social media so feel free to look through it and follow us for more like updated news from gdais
um thank you web3 global for having me here today i'm really excited to build a future
well in the Web3 ecosystem.
Yeah, thanks for being here.
All right, AFI Network.
Yeah, so thanks again, Web3 Global, for having me and AFI Network here.
Once again, AFI Network is a decentralized incentives platform. We help any business set up their own incentive widget, starting for free.
So you can incentivize users to do social actions, learn and earn campaigns, and also on chain transactions.
We are multi-chain, so currently we're supporting eight EVM chains, including some new chains like BaratChain, but also popular chains like Base and BNB and whatnot.
So if you're interested in creating a campaign,
just feel free to reach out.
We're happy to help you set up.
We just rolled out Affi Network V3.
We've been building for a while,
and we just rolled out our V3,
so we're very much open to feedback,
and we'll also be extra attentive in getting you set up.
Aside from that, thank you very much for having us.
Look forward to seeing you next time.
Yeah, looking forward to it, man.
All right, Nebula AI.
So thank you guys for having me on this space.
Even if I can't wait and stuff,
I had a couple of stuff to handle yeah
basically yeah that's why and also we are now focused on growing our network
bringing AI builders computes providers and early users to test and share the
platform and also for the aspect of us collaborating we are
inviting key partners to explore their abilities and their platform abilities
with us whether through the compute sharing AI integration or launching use
cases together it's actually is the core and also for we are preparing for our next growth phase
expanding our ecosystem rewarding contributors and setting up stage for reward ai use cases
powered by enable ai so it's a pleasure being on this space thank you guys for having me on
this space and i would love to hop on more of this space.
He's going to also come early.
All right.
So it's a pleasure, guys.
Yeah.
Thank you, man.
All right.
Jason, what's going on with Formless, man?
Yeah.
Thanks, Web3 Global, for organizing and hosting the space today.
Thank you to the other speakers on the panel for your insights and your perspectives.
Hugely valuable to learn from everybody else and what you have going on.
For Formless, again, we built a protocol called the Share Protocol, and we have an application
interface at share.formless.xyz where anybody can go and they can upload their digital content. That could be
anything from audio such as music, videos, or even things like beats and sounds. And you can sell
those direct to consumer. Direct to consumer. No middleman because it's ran through a protocol.
You can set your own price for access
to that content. So if you want to sell a song for a dollar, you can sell it for a dollar. If
you want to sell it for a hundred dollars, you can sell it for a hundred dollars. You can do all that
direct to consumer sales on our platform, set up your own shop for all of your content that
you're selling, and then build your community. You get direct access to their email
addresses when you do that. You can direct market to them. You can actually start to establish your
own brand and shop using our protocol. So I encourage people to do that. For the consumers,
there's opportunities to join into revenue splits. A lot of creators want to offer people the opportunity
to share revenue on the sales of their digital content.
Completely novel.
You can come in, you can join the revenue splits
on their digital content and participate alongside them.
So now you can align incentives,
you can help promote their content
in order to drive up sales together collectively
with creators. So I encourage everybody to go visit the site, You can help promote their content in order to drive up sales together collectively with
creators.
So I encourage everybody to go visit the site, share.formless.xyz.
Have a look, upload content, see what's going on, consume content, play it in the player
that's right there.
You can consume the media right on the application.
And then I think finally, just if you have any questions, feel free to connect with me
on Twitter, hit me in the DMs, or feel free to contact me by email, jason at formless.xyz.
Happy to answer any questions or get you started with our share application.
And again, thanks to everybody.
Nice. Thanks for being here, Jason. Appreciate you, man.
All right. And that leaves Matt with flock.io.
Thanks. Yeah.
So I would say anyone who is interested in participating in decentralized AI
training and getting rewarded for it, um, head over to train.flock.io.
We have three participant types. Um, so machine learning engineers,
if you have a technical expertise with AI development,
you can participate as a training node.
If you have expertise running nodes,
you can participate as a validator.
Validators are the ones who validate the scores
and the models that are being uploaded by the training nodes.
And finally, if you are just a retail user
who doesn't have any experience in AI training,
that's totally fine.
You can also participate as a delegator and you can earn tokens by delegating your tokens to training nodes and or validators.
And also keep an eye out. We have a big release coming out in the middle of this month.
It's going to be late next week or early the following, which is a complete revamping of our tokens.
late next week or early the following,
which is a complete revamping of our tokens.
And it basically increases,
it's a new mechanism to increase long-term participation
in the network,
which in turn will also boost your rewards.
So again, head over to train.fluck.io.
Nice. Thank you, Matt.
All right.
Yeah, and thanks to all you guys and ladies
for being here today.
I appreciate it.
This is Web3 Global Talks, Episode 375.
I'm going to see you guys tomorrow for Episode 376.
Until then, I hope everybody in the audience and on the panel stays safe,
has a good rest of their day, and keeps building.
Other than that, I'll talk to you all later.
Have a good one.
Let's go.
Thank you, everyone.
Goodbye.
Peace.
Peace.
