Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Web3 Global Talks 🎙️ Ep.395
Recorded: June 4, 2025 Duration: 1:03:01Space Recording
Short Summary
In the latest episode of Web3 Global Talks, industry leaders discussed the launch of innovative projects like Shido and Nolis Protocol, the importance of partnerships in enhancing blockchain interoperability, and the ongoing trend of copycat projects in the crypto space. The conversation also highlighted the critical role of user experience in driving mainstream adoption and the need for robust security measures in fundraising efforts.
Full Transcription
Music All right.音楽 Oh2番目このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、このように、音楽大阪市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市の中央市 All right, welcome to Web3 Global Talks episode 395 everybody looks like everybody got in here
with relative ease must be a miracle for today on x so let's hope it holds hope you guys are
doing well um if you guys could please like comment and reach without the space definitely
appreciate that uh other than that guys i think we'll go ahead and get started with
uh the intros here.
So if you haven't been here before, about a minute apiece, tell the people who you are
and who you're representing, and then we will jump into some questions here. So for this,
I'm going to start top to bottom. So Shido, you guys are up.
Hello, everyone. Thank you for having us here for the first time. I'm really impatient to talk with everyone.
So I'm Ray Kua, you can call me Ray.
I represent Shido, I'm a legal advisor, legal expert if you want.
I've been working in the fund industry for a long time and everything.
And now I'm full on Web3.
So Shido is a blockchain, a layer one blockchain built on both EVM and Wasm.
Super fast, super secure, everything.
The best of both worlds pretty much when it comes to EVM and Wasm.
We have our own native DEX and our own native wallet.
And what we want is for builders to have the perfect environment to build on a decentralized blockchain
that is fully interoperable between WASM and EVM. So yeah, we just had our big big upgrade
of the network. So faster, cheaper, safer with the burn mechanism also. And yeah, we are on our way
to build the six-way bridge with collaboration with OneChain. So look forward to it. And yeah, we are on our way to build the six-way bridge
with collaboration with OneChain.
So look forward to it.
And yeah, that's us.
Feel free to check us out.
Thank you, man.
Okay, let's go with Research Hub.
Hello, yeah, I'm Jonathan.
I work as the Director of Science Communication
for the Research Hub Foundation.
Hey, I can barely hear you.
So, might be a mic fixer, but I'll come back to you.
Let me try to fix it. Okay, XIA Network.
Hey, yeah, I am John.
I am representing the XIA Network today.
We are a novel layer one blockchain with native Python smart contracts.
The only one that i'm aware of i know there's
some other ones that have it uh through roundabout means but ours are natively built in python
and we are really a grassroots slayer one blockchain building from the ground up with a
small but dedicated community so far looking to grow for sure and we had mainnet went
live a few months ago with several several dApps that have been developed and released so far with
more on the way and more in the works and we are happy to be here and chiming in where we can
and i think that pretty much sums us up nice thank you man okay uh ender with nexit
hi guys hey everyone thanks for having us i'm endo, Mexico Community Manager and Marketing. We are also doing layer
one blockchain basically we are improving initial Bitcoin model since Bitcoin moved to digital gold
narrative our team believe that it's supposed to be digital cash and we are still working on it
so it is programmable, scalable.
You can have tokens, smart contracts, everything on that. Basically everything what Ethereum and Solana has with speed, programmability,
you can have on the same Bitcoin initial source code.
It is the same fair launch, the same halving cycles.
So basically scalable and programmable Bitcoin.
Thank you. Yeah, thank you man. Okay, let's go with 8bond.
Well, hello there. This is Lankey, the CEO of 8bond.. And, well, basically Apebond is a decentralized on-chain OTC.
And we are a bonding protocol across multiple chains.
We help projects raising funds or liquidity, pre-TGE or post-TGE, formerly known as ApeSwap.
post-TGE, formerly known as ApeSwap. So yeah, some of you might be already familiar with us.
But we shifted to bonds late in 2023 and that's been our main focus ever since. Happy to be here
and thanks for the invite. Happy to have you, man. All right.
Let's go with Nolis Protocol.
Hi, everyone. Great to be here. First time for me.
I'm Meto, and I'm doing product development at Nolis.
So I'm working closely with our talented dev team,
helping out with things like documentation, governance,
or conceptualizing
new ideas for extending the protocols offerings.
And to give a bit of a background on Nollos, Nollos is an application-specific layer one
blockchain that's DeFi focused.
It has a single application living on top of it, which is a normal trading primitive
designed to deliver capital efficient spot margin trading.
And it's fully cross-chain enabled and the focus is on fixed interest rates
and risk mitigation and basically more predictability.
mitigation and basically more predictability. So if you prefer good lending yields or lower risk
when leveraging, then we are the right product for you. Nice. Thanks, man. Okay. Let's try Research
Hub again. Can you hear me now? Let me know if you hear me clearly. Yeah, I think so,
man. Great. So yeah, I just had to rejoin to fix that problem. And yeah, so yeah, I'm Jonathan
from the Research Hub Foundation. My title there is Director of Science Communication.
So what that means is I communicate the science that is on our platform. But for you to understand
this, you first need to understand what the platform is. So Research Hub is like an open forum where science can be discussed and
funded. It starts from funding the project to the final publication. And the goal is to like
decentralize the scientific publishing process and the knowledge making process of our culture.
And it's my job to explain this product, to explain the findings that we have in the sciences that we have funded um yeah i encourage everybody to go check it out
check out new.researchhub.com um yeah that's pretty much it and i'm excited to talk with you guys
about the questions that you have prepared nice thank you man, yeah, and we will get into those questions. So we're going to talk a little bit today about originality and building with others we just endlessly remixing existing primitives and hoping for new
results uh you know is there too much kind of copy pasta going on i guess you could say
in another way um and for this question and for the other one really uh we'll go off of a hand
read so if you don't know how to do that it's the heart and then yeah all the way to the right and endos got the right ideas so endos starts off
yeah i i don't i don't know if we are right or not but basically i would agree with your question i i do believe that the industry all in all doing too much copy past we have too many forks around and basically just not enough innovation you know
and that dilutes the community dilutes people dilutes investment and that's one of the pain
sides of the industry i believe that hype hype created that but that's obviously too many tokens coins and I believe that we have millions
of coins already and ten of tens of thousands already listened on coin
market cap coin gecko and and other sources so in perspective founders all
alone we have ten or twenty thousand people of founders on ConMicroCap.
So if everyone would concentrate to a single project,
our industry would be way further than it is now.
So that's my opinion.
Fair enough, man.
Probably one that's going to be pretty shared throughout the space if I had to take a stab at it.
I mean, yeah, I totally agree.
I think it is pretty much driven
by the hype, or at least that, you know, was. We'll see if the hype kind of continues, like,
if we're just going to be focused on hype for the next, you know, two to five years or whatever,
or things are going to change. But yeah, didn't really not expect that. So yeah, good job.
really not expect that. So yeah, good job.
Yeah, I would like to add a sentence. I do believe that hype maybe is ending in terms of meme coins and nonsense projects, but I would love to see more hype around layer one protocols, the real projects and basically those who are really innovating. So that people and those teams deserve this hype.
really innovating so that people and those teams deserve this hype yeah let's turn the hype to
people who are doing something important yeah i totally agree then absolutely all right uh it's
so the order guys at least from what i've seen it's going to be shio next then eight bond uh
then nolas protocol and then research cub so Shido, you're good.
Yeah. Yeah. Thank you.
So I totally agree that it's all based on hype.
It's based on profit basis.
It's a market, so people like to make profit, and they only go for what's working, and they copy-paste, and it goes the easy way but i think i think um the the world market and even the builder can
forgot that it's a young industry that we have a lot of things to innovate about so when you
enter the market it should be to solve a problem that people have you need to find the niche you
need to find a a project that would make sense in the market in the long term that's why you have many people that
come in that build something that is not new and it dies pretty quickly so you need to find your
own niche when you are a layer one protocol or layer one blockchain like we are you need to find
a solution for people you cannot just come in and copy paste something else and say hey yeah go go and
come here you won't stay sustainable in the market so yeah um i think there is a lot of complacency
a lot of people think that things that should be developed i've already been developed but it's not
the case the industry is super young and we have many many things to to innovate so so yeah yeah i mean
it could also just be a symptom of yeah being you know a really young industry um and i think that
that is well and truly we've seen it before um especially with like the web 2 world if you think
back to like the uh you know the dot-com era when things were busting out like
you know it was there was a lot of I guess you could say chaff right um and then they all kind
of just kind of went by the wayside it was mostly the people who were actually innovating which
uh you know again I think that we don't need to worry too much uh you know we can kind of change
the narratives a little bit and everything else but i think it will naturally occur over time if i had to guess but yeah good
point man all right uh eight bond sorry i think i've muted everybody there on accident that's my
bad yeah you don't want us to speak, right? Yeah, absolutely not.
All right.
Now, I think that, yeah, Web3, it sometimes feels like an echo chamber, you know?
So many forks and so many clones doing the same, but on a different chain.
but on a different chain. I think that lack of originality is something that comes when
there's an opportunity that some people can see to make a quick buck, copying and pasting
something. Basically, your homework, but different. So you need to navigate through all of the low effort
and no originality kind of projects.
But there's definitely a lot of originality at the same time.
So I wanted to present both sides of the coin, right?
Because once you are able to filter out all the crap,
you are able to see a lot of very original projects
that bring a lot of innovation.
And innovation in general is combining different ideas.
It's not coming up with inventing the wheel
combining things that haven't been
combined before basically.
So I do think
there are a lot of original projects
and we see a lot of them
coming
as well as
we partner with a lot of projects to
deliver and distribute tokens in our platform from them.
And because of this reason, we are constantly looking into up-and-coming projects and their innovations.
It's how advanced things can get, and it's innovations on top of innovations.
But yeah, it's true that there's a lot of projects that are not truly like that. So
it's a matter of filtering and seeing ones that really are bringing some new ideas to the table.
seeing ones that really are bringing some new ideas to the table.
And yeah, I think there's a lot of mixed projects.
So I would say yes and no,
because I'm constantly surprised with so many of these new projects.
So I would have to say that at the same time but you guys are
probably uniquely positioned to see a bunch of new projects coming in and a lot of innovation
with the bond market and everything so that's a good thing to hear from you that you know you're
surprised with all the innovations coming out i think that's probably a good sign for us as a whole as well.
So, yeah, it's good to hear that, you know, not everybody is just, you know, forking a bunch of different stuff
and kind of doing the same thing.
And, you know, the way I phrased this question was, are we endlessly remixing existing primitives?
You know, sometimes that is what we're doing.
But like you said, you know, not really in a bad way.
Sometimes you have to combine things in novel ways
that kind of make sense, right?
So sometimes you are going to be building
on the backs of other people,
which we will get to a bit in the second question
for when that becomes an issue.
But yeah, good point, man.
All right, Nolus Pergo.
Yeah, so I would say that in in general i agree with the point that
there there are yes uh a lot of forks but i would say that the tokens now are like uh the much much
more compared to let's say uh i feel like in back in 2021 when uh the last true like bull run was, there was quite a lot of more forking around like different DEXs, for example, with incentives.
There was also much more liquidity in the market, which kind of really incentivized mercenary liquidity to go around and just you spin up like a new fork of let's say sushi swap with incentives you quickly
gather like 50 100 million dollars worth of liquidity and then after those incentives dry
off quickly that liquidity moves away but with the coming of the bear market then you basically have this... Most of the liquidity gone, but it's concentrated in the best, I would say, actors in terms of technology.
So if you're like a new protocol coming up, you simply need to think more about not just forking directly like a DEX
because you won't have the chance to get that much liquidity, but you need to kind of be one step ahead, I would say.
And that's what also we did because we launched like two years, two years ago, more than two years ago in the deep bear market.
So we really have to like think about that and that's why we kind of built our concept around utilizing existing DEXs with
liquidity rather than just deploying our own DEX and trying to like attract liquidity so our model
is that that's is I also mentioned that it's like cross-chain enabled and that's exactly this part of us, of NOLOS utilizing existing DEXs that have already
this security and building on top of that
with a completely new primitive.
Yeah.
Awesome.
Thanks, man.
Yeah, it seems like I've had this conversation before
in other spaces about how, you know, sometimes even if you have a great idea, a lot of the times there's a lot of mercenary type people who are just coming into your fact that you know you may not be original or something it doesn't really matter how original you are necessarily
if your incentives aren't lined up correctly and different things like that because we have so many
people like that in the space which I mean I guess fair play to them right they want to make some
money but making lasting impressions is a little bit difficult and you got to be careful how you kind of bootstrap stuff from the beginning because uh you know a lack of originality may not be
your problem it's just the fact that uh you know you didn't move correctly for how the space
operates but but yeah good points man all right uh research hub yeah so maybe i have a slightly
different perspective on this because I am in a niche
in the Web3 space, so in decentralized science.
And I personally find that it's not very much copy-paste, there's a lot of different projects
and they are kind of unique.
And what we are trying to solve really is the decentralization of the scientific process,
so be that scientific funding, scientific publishing, or scientific
infrastructure like decentralized compute or data storage.
And I feel like there's not a lot of copy-paste in our sector itself.
And this also kind of shields me from the...
Everybody else here talks about feeling overwhelmed by the copy-paste in the space.
And they might be right when you just look at all the different tokens that exist. But that kind of leads me to think that I don't think crypto in general is overly filled with
copy paste. If you look closely enough, you can probably find the right categories and just look
at the builders in these categories and be like, be it decentralized science, which is the niche
that I live in, or let's say decentralized infrastructure like Deepin or be it NFTs or be it
like there's probably other niches that I don't even know yet, DeFi, right? In every niche,
there are some projects that really do genuine value creation. And I think the best is to support
these projects and use them if they solve your problems so from my mind i don't think that
that there's too much copy like maybe there is but it's easy to navigate around it let's say it like
that so i think just focus on these niches that interest you and find the serious builders see
where the value is being created and that's really where you should apply yourself. And if
you want to build your own project, that's where you should look. Maybe you need to create a new
niche or solve a problem within a niche. And yeah, that's sort of how I see it. I'm very happy about
the decentralized science space. It's still relatively small, so we still have a long way to
go to become the mainstream way to do science. but we are solving real problems for real scientists, making funding so much more accessible,
making funding so much smoother, making it easy for everyone to participate around the world.
And we don't think that only the West has the potential to have an Einstein. I think
everywhere around the world there can be intelligent people,
and we need to bring every smart mind to be
around the hardest problems to really solve them.
So I'm very excited for this potential in decentralized science.
That's basically it.
I would say not too much copy paste
if you know how to navigate around it.
Yeah, I'm actually really excited about dsai as well man
uh that's one of my personal uh you know web3 things i suppose that i'm really excited about
uh we've had noble blogs on here and i've talked to shelly about it as well i've said the same thing
uh so you know especially over there yeah i don't think that the copy paste is like really uh
prevalent and if anything we
definitely need more people uh you know even if they're trying to do similar things i think we'd
need that uh particularly in that space um shido did you have something to add uh yeah yeah just
quickly to jump on what our researcher was saying is that uh when you have a niche the niche can
also be the ecosystem that you are in.
Meaning that if you want to build something on the blockchain, but it's already there, you can go
to another blockchain to build it there because they don't have it. So it can become your own niche
after that. It doesn't mean that it is against the world market that you need to compete when
you build something, even if it is the same thing
that someone else built. Sometimes it's just an ecosystem that needs something. And then there
you are, you have your niche and you are original in this ecosystem.
Yeah, that's very true. We had a conversation a couple of spaces ago, maybe it was last week, about how, you know, protocol
dominance, at least on the blockchains, is just as important as anything else that you need to
take advantage of and take note of. So yeah, I mean, absolutely. You know, if there's something
that's not offered somewhere else and you can do it, why wouldn't you, right? So yeah, I mean,
I totally agree, man uh all right uh shian
uh maybe uh yeah you there let's see uh
you guys can hear me right yes? Yes, no problem. Yeah.
Hey, sorry. I was struggling getting out with you.
No worries, bro.
I agree with a lot of this.
Uh-oh.
I think you got rugged a little bit there, man.
Yeah, you're breaking up. Hey, can you hear me now? Yes, I think you got rugged a little bit there, man. Yeah, you're breaking up.
Hey, can you hear me now?
Yes, I think so.
Hang on. Is this any better?
I think so.
Yeah, I was going to say I agree with the sentiment of a lot of the others in general on both sides of it.
That there's a lack of originality in some areas with a lot of copying and pasting and just who can make the latest meme coin with the latest narrative or story or whatever to try to make a few bucks.
meme coin with the latest narrative or story or whatever to try to make a few bucks.
But then there's also on the flip side, like with the decentralized finance, or sorry,
science research project, niche markets with some pretty cool applications.
And I think one thing that the cryptosphere has struggled with
is really truly living up to the decentralization
and open source ideals.
That's one thing that's cool about GN
is that everything that's published,
every smart contract that's published on the blockchain,
the source code for it is published on the blockchain,
like open source essentially.
So it really helps, I think, to push forward innovations
and help people to be able to build off
of each other's ideas.
And also helps everything more secure
because there won't be any hidden exploits
or anything like that because everything's public
so it can be reviewed by anyone um at any
so i think that's that's pretty cool uh and
yeah um i don't hear you anymore but i think i definitely got to just um you know we're gonna
talk about this right now actually actually, with open source. I
believe in open source 100% for so many. Perfect segue. Yeah, perfect segue, man, actually.
I was just going to say, I believe in it, you know, pretty fervently, you know, especially
growing up. I was into a lot of like, you know, the open source movement, essentially, I was into a lot of the open source movement, essentially.
I was a little computer nerd, and that's pretty much what propelled a lot of industries forward, definitely to build on others.
I think it's important to note the general consensus of what I got from talking to you guys is that we shouldn't be too cynical about a lack of originality.
Because A, with time, the cream will rise to the top essentially as well and also you know we do kind of need uh some different iterations of things
still right now but yeah good points man uh and yeah like i said perfect segue we're gonna talk
about this open source thing and where maybe you shouldn't utilize it so much uh and the question
is what's the line between composability and dependency?
When does building on others become a systemic risk?
So in other words, you know, when should you maybe not be looking to, you know, outside libraries and different things?
Yeah, Indo, you can start us off, man.
Yeah, Indo, you can start us off, man.
Yeah, I believe the highest risk
and the main point of forks
and using other people's libraries
and all of that is security risk, obviously.
If you are not aware of a code of any problems
and it got exploited,
especially if you forked a project,
it's just roles, you know? Imagine the example like Uniswap, which you pose
going, getting exploited, it would be a disaster for world
industry because there are hundreds and thousands of forked
projects. So in my opinion, this is the biggest risk. And this
is the exact point by the shouldn't why we shouldn't
stay on on this path you know it's it's good to to even copy ideas and deliver a lot of the same
projects but innovation is a must so that's my opinion yeah so for critical infrastructure you
know maybe it's not a good idea to grab the latest source code that nobody has tested for something else, you know, let some people be the guinea pigs first as well, just so you make sure that you're not exposing your, you know, your users to risk and different things like that.
Yeah.
Yeah, sorry, Endo, go ahead.
Sorry, Indo, go ahead.
Yeah, I just wanted to say that, you know, that software and sometimes books coming out in two or three years or so, so you never know.
So better save, man.
Sorry.
Yeah, absolutely.
I think that's a fair assessment, man.
Shido.
Yeah, I fully agree with Endo.
I would think that security is paramount in crypto in general.
I think that security is paramount in crypto in general.
So we have proven systems that works great, that people can use and build on top of it
and take the best of it to create new things out of it.
So it's important to have a solid basis to start thinking.
But it doesn't mean that you need to do the exact same thing all the time.
I think that also there is this risk in terms of user experience in general, because users
don't want all the difficulties to navigate between all the networks of the project, of
the tokens and everything.
They want something more simple.
They want interoperability.
They want everything in one app. They don't
want to bother with everything else. It's too much friction for them. So then you have
ecosystem like Ethereum that created their world ecosystem with their layer 2s that are
developing on it because it's a proven concept for them and everything. But then you create also dependency on Ethereum network to have everything operating on it.
So it's a balance that you need to find between having the perfect user experience,
the perfect interoperability, but also staying decentralized because you don't want the system to fail.
Just like Endo said, and
having swap to get exploited and have the world market crash because of it. So it's a balance
to find. And I think we are slowly getting there with all the new DeFi protocols that are coming
out, but it will take time. It will take time. Yeah, and like I said, I think it's time that we
have, and you know i find it interesting uh not
picking on you at all but there's this trend where it's like no matter what space i do uh a lot of
the talk ends up going back to like the user experience that people are used to and using
right like the ui and ux and how messed up it is i think it's just kind of pointing to the fact that
that's one of like the glaring problems that
we're having um that no matter what the topic is that's always kind of at play um and the industry
really needs to kind of get its foothold on fixing that issue probably as soon as possible if i had
to think of anything that was our biggest problem i think that's one of them. So I just found it funny because it always comes back to that for sure.
So, yeah.
All right, let's go with Xi'an.
Hey, you can hear me this time?
I think so, man.
Let's hope so.
Perfect.
Yeah, I was just gonna add on to your last comment there about the user experience. It's not exactly pertaining to the question, but I think relevant that the user experience will really break crypto into the mainstream where everyone ends up using it when people don't realize
they're using it if that makes sense yeah at a hundred percent yeah yeah
basically I'm abstracting it away to the point where it's just like somebody
using any website and or interacting with any other payment service
or anything else.
So I think that's definitely going to be key
to moving the cryptocurrency smart contract world forward.
But also more relevant to the question
about dependencies on others.
And being open source, I think that's where being open source helps
because the more open source something is, the more eyes it has on it.
And also for gaining greater adoption, moving to stuff that has programming languages
that are already very common and very popular among the general developer world.
I think what would also be a big benefit, because Solidity is good,
and it's accomplished a lot, and it's moved the industry forward in a lot of ways,
but it's still a more niche programming language, in my opinion,
whereas you have things like Python and Rust and these others
that are much more prevalent, so they're easier,
more generally understood and utilized.
There's also more potential there for any exploits or security vulnerabilities
or anything to be identified and addressed up front rather than something lurking in the shadows
for a few years and then appearing later. Yeah, I read an article the other day. This is kind of
tangentially related to what you're saying but one of the things was that
uh essentially the next wave of mass adoption like the problem isn't going to be just getting
like users over here but it's to get developers over here and get them interested in what we're
doing because right now i mean you know out of all the developers in the world it's such a small
percentage it's actually building, you know,
blockchain technology.
And, you know, it could be that one of the reasons why is that Solidity
is just maybe not something that they're comfortable with or want to use.
So, yeah, you know, I definitely think that we should start seeing more
programming languages come over here and different things.
And I actually know some projects that are specifically trying to make that
more of a possibility.
Again, kind of opening even more of the doors of you know open source potentials and different things like that
so yeah it's a really good point man um i cannot lie to you guys my panel has been really stupid
for like the last five minutes so i'm not quite sure what the order of the hands was, but I think it was 8pon next, and if it's not, I'm sorry, it's nothing personal.
Yeah, I think it was us.
So I guess in the question of composability and dependency, a lot of the speakers already hit the nail in the head here, that it's, again, two sides of the coin.
And on one hand, having battle-tested codes and having the composability is what makes Web3 powerful.
It makes Web3 powerful. At the same time, the dependency without contingencies in place, it's where a single point of failure can cause cascading failures across multiple dApps. and this becomes actually like a house of cards sort of.
So, well, basically, I guess that the ideal for the industry,
it's protocols, uptime and security need to have fallback mechanisms
or other safeguards in place.
Because if everyone is using the same composable features, I guess that a single breach of
security can have cascading effects, the domini effect, and impact a lot of protocols at once.
So every time, you know, having, for example, using oracles
or leverage positions or different layers
should always come with other contingencies in place,
having your own fallback mechanisms,
having your own measures to check, to cross-check,
and to make sure you can still be safe.
And yes, having all the security measures in place.
I think that it's okay to use battle-tested code.
I think that it's okay to use battle-tested code. I think that it's even better.
But I love the times it comes, you know,
you cannot count that as, you know,
not vulnerable, invulnerable basically,
because you still need to have your security measures.
And whenever there's changes in codes or you need new features,
everyone needs to have a deeper understanding of security.
And that's where auditors come into place.
And that's a whole different topic at the same time because for
editors you have the kind of auditors that just give you a good stamp, a good brand,
but sometimes they're not the best auditors. Sometimes the best auditors are not the most recognized ones. But yeah, all in all, I think that everyone needs to have a smarter composability, I guess.
It's possible to have a smarter way to re-utilize and prevent this type of cascading failure effects yeah I like that you mentioned
that basically not all auditors are created equal you know I've had this
conversation before as well and that was one of the things I said I was like you
know who audits these auditors you know if there was a place for you know
regulation to really be able to take hold it would be auditing or regulating
them you know making sure that they're up to snuff and have actual standards because i mean yeah
that's going to be if i could see any issue going forward like i think that would be a huge one man
like you know of course there's like certic and there's others and different things like that and
you know you hear things through the grapevine about each one of these guys.
So, you know, right now,
it's just basically running off of a,
you know, trust me, bro, kind of mindset.
We're really good auditors kind of thing.
And it could essentially lead to a lot of problems.
So, yeah, I'm glad you brought it up, man.
I think that that's a huge issue in our space.
And, you know, just like you said, man,
like if you're doing anything that's like really you know crucial to your protocol or whatever just make sure it's extremely battle tested you know don't be just grabbing new things off the shelf that nobody's tried yet or if you
are you know make sure you're testing it well i think that that is a hundred percent important
i hope everybody in the space takes security seriously, but you know
Clearly from things in the news and different things like that They don't and at the end of the day a lot of it is social engineering as well
So you as a person are a project leader or or whatever, you know
Hopefully you're decentralized well enough and if you aren't hopefully you're at least smart of how you handle things
So yeah, a lot of good points man
All right, let's go with research Hub. I think you guys were next. Yes, so thank you. So I think I'm going to again try to
give a little bit of a different perspective from the history of science, because everybody
already gave the software coding perspective. So Newton famously said that he was like standing on the shoulders of giants when he invented basically the formulas that would put gravity on the forefront of science for the next couple of 200 years.
Right. And we call it still Newtonian physics.
So he said he was standing on the shoulders of giants of the works of the old Greeks and other scientists before him.
So people were like building and other scientists before him.
So people were like building on other people's ideas
and that's exactly how science moves forward.
And even computers come out of the scientists'
like work in the end, right?
So Turing would invent the computer
and then eventually it would be built by engineers.
So the insight for me is that,
yes, we have to build on other people's insight.
That's what moves society forward.
It's like we are only making incremental advancements of something that was already there.
And I think that's important.
And this is also the insight behind Research Hub.
So our CEO and co-founder, Brian Armstrong, actually tries to make science more like open source software.
Because what you see on GitHub is that you can fork and you can move forward fast with different projects.
And you can share basically through the open source code, you can share the success.
And then somebody advances your code, you can actually see that and actually learn from that.
And in this way, science should also advance like this.
You should be able to just share all the knowledge openly and then fork it.
And so in this sense, I believe that we have to build on others' work.
And yes, the security concerns that you all guys are raising is really important.
And that's exactly one of the reasons why we have to do this in science,
because in science we have the saying that standing on the shoulders of giants.
But at the same time, we have a replication crisis.
So that means somebody publishes a finding in science, but it doesn't replicate.
Meaning, let's say, Galileo Galilei goes up to the Tower of Pisa.
He throws down his two stones.
They fall at the same time, right?
So he tells us, oh, look, they fall at the same time.
So that's a law of motion that later Newton would kind of formulate.
And if he goes up the next day and he drops his two balls and they fall at a different speed, we would say, this is a problem.
You haven't found a law. It's not a law of motion. It's just one observation.
And now today we observe something different.
And in science, it has happened that this has happened.
People go to the tower again and they find a different result.
And this is why we can no longer confidently build on the other people's work.
And this is why we need decentralized science so that we have trustless ways to figure out what is actually true and we can build on the other's
work so we have the same concern that you guys raising raising here in this conversation it's
like yes you need to build on others it's a necessity in science encoding but at the same
time you need to verify the quality of what you're building on. And that is what it means.
You really have to stand on the shoulders of giants and not on the shoulders of dwarves.
And to make this distinction, that's the hard part that often makes it.
This is what makes Newton Newton, right?
That he knew who to trust, that he knew what was good findings,
that he read the right literature and he was part of that cutting edge conversation.
And that's the same in whether you're building a secure DeFi application or a blockchain layer one or whether you're building a blockchain for science or a public forum for science.
You have to build on what works and it's your job to have the right taste and the right capability to assess the quality of this.
Yeah, and for the scientists, the same.
You have to double-check the data.
You have to double-check the experiments.
That's why we're putting a lot of emphasis
on all the measures that improve reproducibility in science
so that when you go to the tower again,
you find the same result.
That's basically it.
Yeah, you pretty much condensed and hit the nail on the head
for why I'm excited for D-Sci in the first place, man.
Yeah, I mean, I absolutely agree, of course.
You know, I think that there's been a lot of issues with science.
You know, there's been a lot of, you know, whatever gets the most funding, you know, let's kind of make the results basically look how these people want it to look.
And, you know, that's been a huge problem for a really long time.
And I like the way you said, you know, standing on the shoulder of giants and not dwarves. And
it's up to, you know, you, if you're building something or even if you're studying something
that you make sure you're coming in with the right mindset of different things. And, you know,
to tie it to Web3, I think that, you know, there's been quite a lot of people who come in for
not the right reasons,
just to kind of cash out as quickly as possible.
But again, those people tend to fall by the wayside.
I think the more that we kind of all scream for quality
in different things, the better off
that the industry is as a whole.
So yeah, but really good points, man.
good points man thank you all right uh let's go with nolas
All right, let's go with Nolis.
uh yeah so i generally agree that there are always trade-offs when you're like utilizing
tech built by someone else but uh because yeah like a single component uh uh if a single component
fails then the whole system fails as well but that's why here you
you're the engineering team the the guys that are building really need to understand all these
components that are being utilized and to make sure like uh to also understand the assumptions
that come with them and uh i believe that the market still uh isn't mature enough and uh
And I believe that the market still isn't mature enough.
And that is also what I don't like about crypto in general, that we've seen all of these
like various hacks due to like simple attack vectors like reentrancy attacks
or multi-seq vulnerabilities. So these people really pour liquidity into those protocols only for
that liquidity to get sucked away from a single entity that even humans hasn't performed a
Heavins hasn't performed a really sophisticated attack.
And that's why with Nose, we put emphasis on security at first.
This is our number one priority.
We always rigorously test every new feature that we add.
That's why we also use IBC, which is like the inter-blockchain communication
standard used for cross-chain communication by Cosmos based chains for its like trust
minimized communication.
And we are like really able to kind of get, we really value uh transparency and this decentralization uh uh like uh
really much so that's all that's why i believe that um this space like still hasn't matured
if uh it's like pouring uh funds into uh either like poorly in poorly written software
yeah i'm glad that you mentioned standards man that's you know one of the things I was expecting uh to be answered you know more directly for sure and
I think I've had other spaces like asking literally like you know should we start uh the
question I believe before that I asked was like should we start implementing standards and the
question was or the answer was largely no right right? We shouldn't like force standards on
people. But, you know, if there is some standards that are coming out and people are like, hey,
you know, this is like a really good way to do things, then obviously, I think we should kind
of be standardizing some things if possible. But, you know, I've had some pushback on it.
And I think that comes
from people thinking that standards will come about from like regulation and things like
that and people who don't really understand the industry pushing something. And I don't
agree with that either. I don't think we should go that route. I think it should be, you know,
decided as, you know, a community of devs and different things. But yeah. Yeah, Shido,
you want to jump back in?
Yeah, yeah. And just quickly, because you were talking about standards, and I fully of devs and different things but yeah uh yeah shito you want to jump back in uh yeah yeah just
quickly because you were talking about standards and i fully agree with you that we need standards
and i also think that people uh unconsciously uh actually impose standards on themselves when they
actually build things because uh we see a lot of protocols and and and everything in crypto that
is totally not flexible.
You have a lot of projects that create something great, something take you off.
And then the industry evolved because we innovate nonstop.
So it's super fast paced and people forget that they need flexibility also when they
prepare a protocol or something like that.
They need to be prepared to accept multiple languages when it comes to coding. They need to be prepared to actually have the resources to upgrade your protocol. You need to be able
to integrate other ideas into your protocol. This is something that I think people are starting
to realize this is what we did at Shido.
We wanted to be as flexible as possible.
But I think it's something that will come
from standards at first,
because if you have a solid foundation,
that's what allows you to be flexible after that.
Yeah, well said, man.
Absolutely.
All right.
Well, thank you, guys.
I appreciate, you know, really in-depth answers from you guys
and engaging well with the questions.
So thank you for that.
We have a little bit of time left.
So what I like to do when we have that
is obviously to just go back down the line again
and let you guys, you know, get some closing remarks about what you have going on right now or or where people can
find you or whatever you want to close with right um and for this it's just easier if i go top to
bottom so that's what i'm going to do uh so shito you guys are up again yeah again so thank you thank
you very much was a great conversation everyone has had great points it was
super super nice uh i hope we can talk again in the future actually really really i love
them people in here so nice really nice uh so shido uh we are like i said an interoperable
blockchain uh we are super flexible we accept multiple coding language, including Solidity and Rust actually. We actually have IBC also,
we have Tundermint, we are on Wasm and everything. So it's all about
flexibility and providing an environment for builders to actually
create their ideas and continue to evolve with the market and with us.
So yeah, feel free to check it out.
We are working nonstop, and we won't stop.
So yeah, thank you.
JOHN MUELLER Thank you, man.
Great to have you.
All right, Research Hub.
Yeah, so thank you for having me on the space.
It was fun to listen and fun to contribute.
Yeah, so Research Hub Sumpt Up is like a public forum for science
where you can publish and fund science. I think the most exciting thing that we have going on is
the recent funding round where we got one million dollars funded from DMT Quest into multiple
research projects into like outer states of consciousness, some based on DMT others based on
different methodologies like breathing techniques or energy healing.
And we are investigating scientifically whether this actually makes sense.
So I thought that was pretty cool.
Go check it out.
Go to researchhub.com.
See what we have going on there.
Follow us on Twitter.
Yeah, thanks for listening.
And that's it for me.
Yeah, thanks for being here, man.
And very interesting topics for funding as well.
I'll have to look into that.
Thanks, man.
All right.
Sheehan.
Hey, yeah.
Just jumping back to one of the comments
about bringing web developers in
to developing on blockchains
and making smart contracts.
I think that, once again, having a common programming language like Python is a big hitter
because you can immediately jump in if it's something that you already know
and get started developing once you understand a few of the basic rules and minor differences.
Well, not differences, but just how some of it's structured on the blockchain.
And then also another way that you can attract developers is with,
instead of the transaction fees going all to the validators
or the proof-of of work miners or whatever the
technology is in your specific blockchain. On Shein, we actually have over two thirds of the
transaction fees that go to the developer of the smart contract that was being used.
So you don't have to come up with creative or clever or roundabout ways of monetizing your smart
contracts just simply someone using the smart contract is is enough to monetize it for the
developer that's that's pretty cool um and yeah like i like i mentioned at the beginning uh we're
we're continuing to broaden our horizons and expand and grow and trying to
attract ourselves and build our community out. And we do have a bridge open with Salina.
So we've got some entertaining opportunities going on. And yeah, I just encourage everybody
to check us out. Appreciate you having us on. It was an enjoyable conversation.
Yeah, I appreciate you being here as well, man.
All right.
Indo, next.
Yeah, so at first, thanks for having us.
I really appreciate it.
And I will refer to today's topics.
At first, I will say what we're doing as ours.
So we took battle
tested Bitcoin source code genius design and at Nexa whatever you're in a meeting
next is the first cryptocurrency it is scalable via hardware so we are
bringing software solutions to the hardware level which is instantaneous and basically offering smart contracts and
to add to the standards.
Yeah, I do agree with standardization and like I received many tokens, but we stepped
even further here and made tokens native to the protocol.
So basically we're sorting all the pain sites in a crypto and already having speed of Visa,
MasterCult and Shift combined. So yeah, thanks for having us. Thanks for being here as always,
Endo. Always good to have you, man. All right, 8pond.
Okay, I'll make it short as we got to the top of the hour a thanks again for the
invite thank you to all the speakers was great to participate here for all the
listeners for the users you can check it check us out check a bond you can go to ape.bond. You can acquire tokens at a discounted price.
So you can find your favorite tokens at a discount.
And for partners and other projects,
we can help you raise funds or liquidity with your native token
at the best rates possible so always um please get in
touch and um we'll have happy to work with you um yeah that's uh that's it um was very nice being
here and um well love to to come again next time and repeat.
I'm always open for it.
I want to drop some alpha news as well, which is always fun.
This month, we're going to be doing our first non-EBM expansion as well.
We're going to be coming to Solana.
So that's a first one for us getting into Rust and SBM.
So super excited about that.
And, well, more on that will be shared by the, you know,
8Bond accounts.
Make sure to follow to be up to date with all the news.
That's all.
And have a great one.
Thank you, man. All right. And Nolis. news and thank you that's that's all and have a great one thank you all right and notice
uh thanks a lot for inviting us to this really fruitful discussion it was really fun so at most
we continue like uh our efforts on expanding our margin product working with really heavy focus on UI UX and of course security as I mentioned so if
you guys want like any predictable real yield currently we have like 14% in USDC we also if
you are like more risk seeking but not that much we have like a really lower risk margin trading taking place on our
platform as well. So feel free to check us out either on our X page. From there on, you can of
course join us in Discord where the community is most active. And if you like have any questions
whatsoever, we are there to help you out.
And, yeah, looking forward to seeing more people using NOLOS.
Hey, Cam, man.
Thank you for being here as well.
And thanks to all you guys for being here.
I appreciate it.
I encourage you guys to follow each other as well.
You never know what could come of it.
But, yeah, guys, this was Web3 Global Talks, Episode 395.
Thanks for making it a good one.
I'll see the audience tomorrow for episode 396 and until then stay safe and i'll talk to you guys later bye bye
thanks guys bye bye
