Hello everyone. Welcome to a few different space here. Super excited to
host this amazing topic on what's next in web 3. Web 3 is a fast-moving space.
There is always something new every other day and I don't think that sees
us anytime. Whether it's a bull market or bear market, there is always something
that is up and happening and buzzing in the web 3 space. So we have with us some
amazing speakers right now and a lot of interesting guests as well so we can
jump right to it. So what I'd like to really do here is to get going where
every speaker could just real quick share in few keywords what they believe
are the next biggest trends. We can then dive into some of those topics in the
upcoming time that we have but let's get going through there and as we and
just as for the speakers as well as we get going through the session feel free
to unmute, jump in, contribute to things. You don't have to raise your hands and
wait for it that's a no it's informal discussion that we're having here so
feel free to contribute to it at any point in time. From my side to begin with
as I would say real-world assets, simplified applications and web 2 to web
3 connecting tools they are all super hard blockchain as a service as well. So
now let me pass on to other speakers feel free to unmute and given the most
important trends that you see. Hey how's it going this is Travis with
Vaynar. Some of the biggest trends that I see or kind of thing are coming is one
gaming I think will be a big trend in this next cycle and a great exposure and
onboarding tool for you know from within us with the builders and the
projects and the companies and such that are here in the space I think the
biggest trend is really right now accessibility and ease of use like
removing these hurdles, these roadblocks, these pinch points for the consumer and
making it feel very understandable to what they already know and what they're
already used to and taking these blockchain kind of technologies and
products and making it more familiar. Amazing. Hey everybody this is Cody from
layer 1x and I believe that it's gonna be interoperability, digital identity
and I totally agree with Travis on user experience is definitely going to be the
key across the board. This is Andrew with secret IO and we believe strongly that
you know it's it's been overdue but the industry is gonna start taking security
more seriously. Hey it's after you Ivy. Go ahead. I'm Jordan building the game
Eureka and I'm really looking at tech-specific chains you know versus
last cycle we have all these chains kind of competing on the same ideas of
general DeFi and stuff like this I think we're gonna really be seeing this
explosion of dedicated L1's that are you know do one thing really well and
then that you know feeds into the importance of interoperability and
bridging between all these. So I'm Jujuki I'm the big evil Ivy alien and I
feel like gaming is the next meta or it still is that we remain to command meta
because it's not a trend but it's here to stay and I feel like the integration of
VR, AR and AI would also be a thing because they would also flow into like
the gaming ecosystem and like you know be connected into the old space and it's
something we're looking forward to see app. Thank you very much. Hey guys this
is Nobara from Gensokishi. Obviously I'm working for Gensokishi and I've been
working mainly with gaming project so all I'm seeing in the space is games
gaming studios and more so I'm seeing a lot of merges of whip 2 and whip 3
games like we've seen studios like Ubisoft Square Enix entered the space
we're seeing Amazon adopt whip 3 gaming so I think definitely it's got it's
gonna be another year in which we're gonna see major progress in the gaming
space but obviously what the rest of the guys have said ease of access kind of
user experience are naturally gonna follow from this because we're gonna see
a lot of people being on board that in a really kind of short space of time so
yeah I definitely agree with everyone else on the panel. Thank you for having
Hi there I'm Mark with I'm sorry I'm Mark with sugarheads.io and I think that AI
is gonna be a big a big thing in blockchain coming up there's new proof
of work layer ones out there like tau which I think a lot of people are
looking at as well as newer faster more decentralized more secure blockchain
layer ones like Casba space mesh and cubic I think that decentralization and
proof of work layer ones are gonna be huge huge huge in the next two years.
Perfect I think we have covered everyone there so that's so that's a quite
an interesting lineup I was under the assumption that we would start having
ideas which are overlapping but apart from gaming I think we were pretty unique
perspectives there from simplicity digital identity a lot of gaming
security interability X big chains AR VR RWAs web 2 to web 3 AI wow that's a lot
of trends this is exactly what I was talking in one of my previous speeches
that in the past if I asked the same question in 2017 or 2021 we would all
talk about one two or three trends if you were all been in 2021 like you know
probably NFTs or one of those two or three things we never were at a time
where we had like a dozen different trends all viable all functioning in the
space at the same time and they all have their market they all have a potential
because they are solving a critical problem out there that's amazing yes I
can see hands raised from haunted space and Ivy let's get started with the
haunted space yeah guys sorry I arrived a little bit late I don't know if anyone
has already presented themselves otherwise I will briefly do it and then I
will probably are jumping right into the topic on what is the most important
trends that we see in the space right now so is there anything that you
believe or the next big things in the web 3 according to you the primary
keywords that you hear and you see the focus on well at the moment what I
believe is most trending is gaining what I see for example on also on the launch
pod side what is trending and pumping looking in general for example at CD5
days or in cubator days giving excellent results is gaming and I think in my
opinion is also the one day is going to be the the most the easier to import the
traditional people that come from the web 3 space and import new new people
there the easier way is going to be through gaming so that's what I believe
and so yeah this is my opinion perfect that's amazing Ivy yeah I'm sorry but I
don't know I'm just used to doing this thing well everyone in the space you see
the icon down below on the right side with a chat sign click on it and
retweet the space so that way we could get more folks into this space and like
pass around some knowledge and have fun thank you very much that's all I want to
say that's amazing thank you thank you for that reminder in there yes guys
please do retweet and share the space so more viewers can join thank you for that
reminder out there spicy I can see your hand is up spicy capital so first of all
thanks for having us on the stage appreciate you guys and co-hosts as well
for the ad so yeah I want to throw another narrative in there Bitcoin man
don't fail us being built on Bitcoin as a VC in the space spicy capital we
focus on investing into projects and then supplying complementary marketing
and a few projects that we've been partnering with at the moment are
building some epic stuff on the blockchain network building up some
layer twos on on the Bitcoin network they are working on making it faster over
there they're working on scaling it up obviously you cannot make the Bitcoin
network itself like the network faster it's already there so the you know it
is what it is but they're building things on top to make it better there's
a project that we're a partner with at a moment called orange crypto and they're
building their own coin market cap over on the Bitcoin network so what we have
right now coin market cap but it's gonna be over there for everything Bitcoin so
layer twos layer ones DEX is aggregators everything you can think of it a Bitcoin
network will be tracked over there so yeah I would definitely say don't fail
what's going on a Bitcoin and the last point around to round that up is the
reason I say don't fade it is because everything started with Bitcoin and I
feel everything that happened after Bitcoin, Ethereum, Avax, Solana, Arbitrum,
Telos everything that's happened afterwards has been somewhat of a
trial and error in the altcoin world yeah we've had smart contracts being
created yeah we've had faster networks better interoperability more DEX is all
this great stuff we've even got freaking video games now right but at
the end of the day I really do believe everything that was a trial and error in
the altcoin phase that we're in now is being taken into consideration and it's
gonna build up what we have and a Bitcoin in the Bitcoin network so don't
just think Bitcoin is some really cool token or coin that's worth 30, 40, 50
grand that's gonna be an ETF there's so much more to it and so much is
gonna be built on top you don't want to fade it so I would suggest put like 30
minutes a day into your schedule to learn up on some Bitcoin stuff
that's a that's a very good advice yes the more we learn the better the space
becomes as well sugar yeah I can see your hands are up feel free to unmute and
jump in yes along the lines that what he was just speaking about there's there's
many layer twos now coming out there's one out there now called micro vision
chain and essentially it's a it's a mineable layer one that serves as a
layer two for Bitcoin it has an integrated Bitcoin wallet and so in this
way you'll be able to trade BRC 20 tokens send Bitcoin receive Bitcoin it's
decentralized think about a decentralized lightning network this is
the kind of stuff that they're building right now it's an incredible stuff okay
so why don't we right now take turns and share what is not next in the web trick
I mean we did share a lot of different ideas of what we believe or the future
trends but let's also cancel things that we don't think is even probably it's
there's a buzz around it there's hype around it but maybe we don't see that to
be a practical trend why don't we share some thoughts around that I mean I
believe that for us to know what is right we need to know more about what is
not right what is wrong and by elimination we are always able to find
the best opportunities out there so who wants to go first on this yeah I got a
it's definitely still a big trend but just by association you know saying your
project uses AI I think is gonna stop being this big trend like you know it
actually like it actually sorry I said this badly basically just merely using
AI is gonna be something very commonplace and you know that everyone
will be doing in different ways and it won't be something that'll just like
pump the project just by mentioning it you're gonna have to actually be
contributing and building in some way with it yeah I mean I thought that's a
that's a very valid point it's almost like companies who use the word
blockchain and stuff like that in 2021 I think who are pumping their share
prices and even right now most of them are not really creating an AI business
but they're just using AI like any other moment pop out there so that's that's a
very valid point completely agree with that and people are being more and more
aware right now because everything has AI behind it makes sense who's next I
can see when are your hands are up yeah I was just saying you know it's so hard
to retrench in this space and you know so many things I think that's never
gonna work like something like blow up and everyone loves them but you know I
really think that I'd like to see the marketing and the project identities to
get away from leaning so hard in web 3 blockchain NFT token stuff in their
product and start just marketing and addressing themselves as a product you
know being more for that mainstream need blockchain you know we look at it
as like it's the tech layer it is a tech layer that can have all kinds of
awesome benefits but it's also very misunderstood and you know I don't care
what tech stack or tech layer my favorite websites or anything else are
using and I don't think a lot of other can you know consumers or mass market
consumers do either when I turn on my favorite game I'm not wondering I'm only
gonna play this if it's built on a certain game engine or running a certain
software or whatever that may be I just want a great experience and I think as
we start to kind of mature as a space and just start really marketing what our
product is and how we can benefit the the everyday user everyday consumer and
you know using that blockchain is like the subtle tech layer that that opens up
all these awesome opportunities and possibilities
perfect we can see layer layer 1x why don't you go next yeah the kind of
piggyback off of what Travis was saying I think that a lot of it is that I think
we're gonna stop talking about a lot of the complexity of how things work right
out of the gate I think that it's vital that we do that and start putting a lot
of things under the hood and making it more simple for people especially newbies
to crypto that as they come in they're not bombarded with like what this is or
what that is and all these different terms and tech stuff and and happen to
jump through hoops and things like that and so for me I would like to see a lot
of a lot of the over complexity being removed we have Mikali yes I don't know
how to call your name there but yes please feel free to jump in it's Mikel
very nice to meet you and thanks for having me sorry as a couple minute late
minutes late ran over on a call but I think metaverses are still a long long
way from being I think we put the court cart before the horse a little bit
there we've already dumped tons of money into investing in all these metaverse
projects they're just they're so far away right so give the technology time
to catch up like let's get gaming right first before we start like building out
these you know big metaverse experiences and selling that dream
because the more that we sell these like huge visions when we are so far from
even being close to them the less credibility we have this space so I hope
that meta kind of quiet out for a while that's a that's a very very good one
there Ivy why don't we go with you yeah I was gonna say like there is literally
no matter that's gonna like quiet out because everything and anything could
live on the blockchain and that's a part of the blockchain and NFTs and also if
we're looking about like maybe people not going with a term of web 3m
bombarding like newbies coming into the ecosystem with like the difficult
narratives and ways to do things I feel like that's gonna come with mass
adoption and when it's a lot simpler so like navigate the systems because right
now if you're looking about looking on ordinals ordinals are like more complex
to like drive about so understand to like I jump on ordinal spaces listen to
them and be like oh damn what's this what what are you talking about and I've
been in like blockchain for like a couple of years so I feel like when
mass adoption comes when the space is matured enough and things are more
simpler then it will be like more easier to like explain and when it's not that
way people would just need to like catch up with no catch up with a speed and
like basically understand what we're talking about because I feel like when
the interest is high people will first understand what we're talking about and
what is going on in the space and wants to be a part of it and also yeah if
we're looking at metaverse yeah of course like the graphics of many metaverse
games out there at WAC they're bad sirs say that and it's really like you know
putting out a bad note of what a metaverse should really look like but I
see a couple of good ones coming out recently like I'll say nifty island and
a couple of games coming out are okay they're good they're good games they
look good and fun to play and the experience will be more fun when
everybody like fully understands the power of VRs and like ARs and things
like that it'll be easier to like you know drive people into the ecosystem of
like metaverse and gameplay thank you very much
amazing sugar I can see your hands up and after sugar we have also a new
speaker Alejandro so let's go with sugar and then Alejandro perfect so
coming from us this might sound a little funny at first but the the the original
idea of what people thought about NFTs I think is seeing its peak seen its days
you know NFTs essentially just JPEG pictures tied to a token with no
intrinsic value and a lot of these things you know they go to zero almost
immediately a year ago I recognized this problem with NFTs and we wanted to
try to launch something using NFT technology but something that was going
to actually have intrinsic value so we created a vault that is several
different ERC 20 assets that we've added to over time and at a point in the
future 2026 any holder of a sugarheads NFT will be able to claim their
proportionate value from that ball so in a way we've created essentially an
index fund masquerading as a simple NFT project so what I think is that we're
going to start to see people using NFTs in more creative ways there there has to
be a value proposition there outside of a community and I think that we've seen
you know all the JPEGs without any utility I think that's gone but I think
the future can be bright for NFTs that actually offer value intrinsic value to
the people amazing amazing Alejandro why don't you jump in yeah thanks for having
me on appreciate against the co-host for let me know about the space and yeah so
my three narratives for this potential upcoming bull market if history repeats
itself 2012 2016 2020 right we're in a Bitcoin having year aside from you know
the market frenzy that we've experienced the last three times assuming that that
will occur again I think there are three narratives are thus it's gaming so I may
be biased because I myself been a gamer for years and I want to see what three
gaming transform but like everyone else said I believe it provides an easy access
point into web 3 especially if it's done with a blockchain like avalanche
or another one that is low in transactions or is it happens very
quickly and something that maybe can even be built into the back end of the
game where the gamers may not even know the utilizing blockchain the second I
think are the consumer facing dapps I remember that they're in the last bull
market cycle everyone was all about creating wrappers upon wrappers upon
wrappers for defy and if you're a financial nerd and why great get that
APR and you know how to do it I say great more power to you and you know
there was opportunity there however for the average investor whether they're in
trad fi or whether they are just your average Joe or Jane right I think that
what we're gonna see during this market cycle is more of in again the same thing
where it's gonna be on the back end for games we're going to see that for the
user experience and user interface for a lot of apps themselves I've seen for
example apps are being built I look a lot of feel and look a lot like PayPal
or stripe or cash app but they're utilizing blockchain tech and possibly
zero knowledge proofs on that so that's gonna be big because look we may be huge
fans here but as pardon I forgot who said this earlier but I think it's gonna
be a lot less talk about the tech this cycle and more about what can bring to
the table in terms of how can we on board and for marketing and that's
something I've been preaching on for years and years and years as a community
manager and someone that works in marketing so I'm really glad to see that
narrative changing lastly and I also am the senior community manager for an AI
company going web 3 called big grid I think AI will also be continuing to play
a big role in the space I think the most a you know for web 3 will be
crypto price prediction LLMs or just bots like do that in general and I know
that's been around now for years but because of now everyone's mother and
grandma and grandpa talking about chat GPT I think we'll just see that more so
built into future products on web 3 whether on aetherium or Solana you name
it especially because of the fact that when you break down a lot of AIs to
the to their to the core construction and how actually GPT works right is you
have to make API calls those API calls are done through tokens you know very
similar stuff that basically has been done in web 2 for years and years and
years it's just the fact that we've now created cryptocurrency tokens in the
last decade or so that is changing the game on that so I think that not only
will we have users using cryptocurrency as tokens to purchase these API calls
instead of it just being through let's say chat GPT right where it's
proprietary and close but also potentially something that's wild to
think about AI agents I'll be using cryptocurrency tokens to communicate
amongst themselves come so computers talking to computers using cryptocurrency
tokens which I think is fascinating also scary but yeah so those are my three
narratives to be quite frank but I am I am particularly bullish on the AI side
because I think there's a lot of synergy there with data scientists and web 3
holders and DJs in general well those are very very good insights and in fact
I just read through an paper written by Vitalik about AI and blockchain quite
interesting quite in-depth about different angles and specific cases
where it can benefit you should definitely look that up we also have
with us hex let's let's give an opportunity for hex to jump in if you're
ready good evening folks yeah I'm office or my name is Paul and I'm actually
representing myth but unfortunately I only actually had the hex myth again
which is our flagship game and I'm in that account so on our our CEO got stuck
on an investor call there but yeah listen I'm loving a lot of what I'm
hearing so far and I really appreciate the opportunity of coming to speak to
this here one of the things that just listening to it all I mean we know yes
we're we're pretty confident that that game fight gaming is going to be very
popular in the in the next run and and in AI I believe as well that our real
world assets will have a benefit I think that a lot depends on how the current
global climate towards particularly sort of agro agroforestry and anything
that might be carbon debit related will have a big impact but tiny little tiny
it all back in it's like one of the things that that when we train approach
this from from our company's viewpoint is is about you know we want to see a
lot more of under promising and over delivering rather than the other way
around which has been very traditional in the in the in this whole space you
know everybody's promise in the world and you know for various reasons be the
nefarious or just be it a funding issue or just be it that you know an idea has
run its course there's kind of like a a lack of for people who've followed a
company and maybe invested and maybe maybe thrones are not just financially
but sort of emotionally and and sort of you know put their heart and soul in
in behind something and truly believe in something when that fails there's a
certain lack of accountability you know and what I would like to see especially
is as we all of us here want to try and grow the space I think yes we need to be
to be more hands up and so saying okay this is what we're doing we you know to
in going forward if a company's or a company or a project owner are not
doxxing themselves then really you know my personal feeling is that that should
be a thing of the past in other words people need to see who's running a place
what their backgrounds are you know and what because we're not gonna grow if
we're just gonna be talking to the same DJ ends over and over and over again in
it in a in a small field we need to hit retail we need to hit mass market you
know Jen massive consumption but we'll not do that under the sort of the
current sort of I won't say shady is the wrong word but we need to have more
transparency and I think that should really be a narrative for us to grow and
develop in the future that's amazing okay here here we have been seeing quite
a few conversations around marketing here so marketing the trend is important
also there is a difference between transit or intrinsically like the what
you have seen with the zk it has been growing intrinsically for a long time and
now it's in the in its best moment in the last few months but from a marketing
perspective or the ones that create the noise what are your views on views on
that in general what is creating a lot of noise without much substance what has
a lot of substance but is not marketing itself well I believe that's where we
find gems and we find bubbles so what's next in web 3 as a gem what's next in
web 3 as a bubble right now any thoughts on that would be super amazing from my
perspective I can get things started what I believe is an underrated gem is
definitely real world assets yes there is buzz around that right now but it is
nothing compared to trillions of dollars of assets sitting out there and the
potential of what lies ahead we even right now I can hear from some VCs that
they're not that keen on real world assets because they see it challenging
for the consumers to use it which is all right challenges but then I believe it's
not at marketed to the good extent because of legal challenges and the slow
moving nature of RWAs and when it comes to the bubbles I definitely agree with
the AI the way it's currently used in the blockchain space specifically there's
a lot of bubble compared to real AI that should come and that should contribute
value but apart from that I personally also do believe a lot of bubble is around
the BRC ecosystem there's a great value in what is happening there there's a
great value in inscriptions but there's a big bubble around it than the
substance on that but that's my personal view there I can see quite a few hands
ready to come in so let's let's start with Jin
hey was that for me yes yes yes go ahead oh yeah thank you well just
speaking from personal experience I think something that is quite heavily
underestimated is our incapability to really kind of relay the importance of
our projects and what we do through web to marketing so what I'm hoping to see
and what I'm starting to see is people trying to build with three native
marketing tools and algorithms that match our needs a lot better because I
feel like everyone's noticed this especially on platforms like X or even
discord and telegram where you have these really template kind of exhausted
templates for different campaigns and collaborations and giveaways and it
really just doesn't feel personal anymore it just feels like you know
information that your brain is not really gonna retain or engage with so
what I'm starting to see is a lot of people are trying to build whether it's
social or marketing platforms where people are actually able to see you know
the information that they're interested in or something that can genuinely catch
and retain their attention and another thing as someone who works in gaming is
I think we're going to start seeing a lot of platforms which are going to be
able to show progress for a variety of games because well what is happening is
each game has its own kind of qualifications and level ups and so on
but if you see all of these games in the same place and you're able to see your
friends and what they're playing and kind of the achievements that they're
having you'll be able to explore other games as you're exploring the one that
you're playing currently so it will be something like let's say the PlayStation
kind of social network where you're able to see how your friends are performing
in their own games and so on so that's another trend that I think is really
gonna go up as we're seeing game and kind of dominate the space yeah so
perfect let's go with layer 1x yeah I think first and foremost it's it's
important for projects to understand when it comes to marketing like who
they're targeted audiences right also the psychology behind a lot of different
things in in for an example like FOMO when using FOMO in a marketing campaign
for a meme token versus a native coin for a blockchain they're night and day
difference of how you utilize FOMO in there and I mean we all know that if we
build it we'll start attracting like-minded people to come to us and I
think that that's important but I also feel like interoperability across the
board is is important I feel like today's crypto user is on multiple
projects multiple chains and so being able to build out a unique web 3
experience that allows them to interact with all of their different
favorite projects and and different utilities and services that they're
using will be key and just like in today's space with you know you've got
Zapier you've got automate IO you've got all these kind of like instant
connectors that connect different SAS products together I think that once we
start building that kind of interact interoperability between different web
projects on web 3 that'll be something that will catch a lot of people's
attention in in this space amazing amazing
Colleen Andrew let's go with you I didn't notice you raised first let's let's
get you going yeah thank you so I'm gonna go off with Jen was saying and in
gaming I'm actually right now under a non-disclosure agreement with a gaming
IP that's been around for many years that has said that they are going to go
web 3 I wish I could say the name but I don't want to lose the alpha close alpha
benefits and you know they have shown time and time again they know what they're
doing when it comes to web 2 marketing and they're really really like you know
have those professionals working behind the scenes and also have a blockchain
team that wants to build out the system correctly as we all know MMOs and other
games of different genres have in-game currencies so the idea of you know
using a digital currency cryptographic currency is not completely alien I mean
yeah I can bring up fortnight to bring over bring over a platform currency like
Steam bucks or or the epic game store dollars or whatever the heck they're
called but anyway so I think that's gonna be a big push moving forward but at
the same time and I would also say that that's gonna be something that's gonna
be like more of an as a what's his name as actually saying earlier more of
possibly under promise and over deliver so that that would be potentially sweet
to see the other one I think that is not being looked upon very highly at this
current moment and also because of their nature is the traditional finance banks
such as fidelity BlackRock maybe soon Vanguard with their ETFs and the reason
why I say that is even though I have a love-hate relationship with them more on
the hate side I guess is the fact that they also have the capital and the teams
to create it these web 2 or sorry web 3 websites that have a very web 2 feel
because again they have that talent behind them in-house and that could very
much allow the regular user be it through ETF or in arguably should be
through the actual token that's what we would say you know in our community to
allow them to use apps that are very intuitive and very functional so you
know there may be an unholy alliance between Wall Street and and web 3 in
that regard at least from the perspective of the user interface so
yeah I think those are two like more so the latter about the Wall Street side I
think that's under that's not really looked at too often to see what they may
be coming up with by also when they gaming because of the fact that like I
said there are the big players are involved for example I think it's
Ubisoft is really is more public about it they've had some several flops and
web 3 but there's other big players in that have not necessarily made the
announcement yet that they're building something on web 3 so yeah I would say
don't pay that as well yeah that's that's the best I can get for now I
will say that what you said earlier that the there are some AI projects and
other types of DeFi projects that like you said maybe promising the world and
they're over delivering sorry under under delivering over promising etc so I
would say that the two I mentioned are the ones I think potentially with the
most upside anything spicy let's go with you yeah I would definitely say what
I would definitely add on to what you're talking about real-world assets I
definitely believe that's gonna be something that is gonna be nuts it's
gonna be huge one of the partners that we partnered with Red Belly is gonna
have a TVL of around a few billion just from the assets in the in the real world
asset space and they've been building for years I'm talking decades it's not
something that they just started up three four years ago the professionals
that are behind this have been in the industry for a very very very long time
they stress test on a on a testnet they were doing a practice run and there was
an experimental settings as well just to give some context but the TPS could run
up to six hundred and sixty thousand which is a nuts amount of transaction
speed per second but yeah they would delve it into a space that we were
hosting them on so there were guests in our space and they were talking about
how the real-world asset space people are seeing it as just physical items it's
gonna go more it's gonna go way more into depth it would just it won't just
be having a house on there will be bills that we pay every day or be contracts
that are signed it would be agreements it could be leases it could be a rental
agreement it could be a car could be anything that you think about in the
real world that can be bought onto the blockchain and I asked the question I
said what is the thing that RWA brings to the blockchain because everyone's
always asking well you know what does blockchain bring to this what does
blockchain bring to gaming and we already know what blockchain brings to
everything the main thing is is locked on the blockchain you can't lie can't
chat shit is what it is it's here it's here forever the thing that he said was
well RWA will bring a scope that's not been here before and it will bring that
it will bring that maturity because imagine the clientele that comes from
the RWA space brokerages brokerages real estate firms law firms all this stuff
like I'm talking about high-end stuff that we don't we might not deal with on
a day-to-day but it's the profession that we go to to get our houses to get
our contract signed and stuff and having them on the blockchain is definitely
going to bring a massive level of maturity to the blockchain so I'm
definitely looking forward to that and if you guys have a chance definitely go
check them out Red Belly Network they're on our page somewhere so you can
definitely find them there don't like click any random mix perfect perfect
Jordan I can see your hands up jump in and I actually have a question to
follow up after you as well jump in Jordan yo just on top of what spicy was
just saying I've been like waiting for for years for someone to kind of take
that idea of you know contract like taking contracts and stuff like that as
as an NFT or tokenizing it and I'm kind of waiting for the smashing that
together with default like you know that's one thing to tokenize the
contract for a mortgage with a bank the huge opportunity seems to me to
decentralize the lending protocol entirely and provide a completely
decentralized completely you know open smart contract powered way alternative
to get a mortgage instead of a bank to use this protocol and I think that kind
of hits into some stuff other people have been talking about here where you
know the the major players are coming right every triple-a gaming studio has
someone working or a whole team secretly working on blockchain they know where
the money is banks are coming and we've had early just ended early ended a week
ago with the ETFs we've had 13 years to be early we're now unfortunately all
merely on time and we have an opportunity to kind of consolidate and
make breakthroughs and come together and own this future that we've been the ones
working to build for all this time instead of having you know they all want
to come and eat our lunch say thank you for all the hard work we'll take it from
here but we're a lot better at this we understand blockchain we understand the
power of you know no bank is gonna think to make a decentralized lending protocol
to replace themselves right so you know I'm here for this next push in these
directions perfect perfect okay so here's the question Alia and Robe you
were talking about trade fine and the opportunity that comes from there and
spicy you are mentioning about the the assets that's out there how we interact
with those the real world and the real world assets etc so my question is
pretty much around that one of the challenges I've been seeing with what's
next in web 3 is that these industries that are coming in are really big really
established really strong and they can make a lot of impact in the web 3 space
there's no doubt on that but they're also coming from super old school to an
extent that the products that they're trying to put out they're legally
compliant they're beautiful on the on the operation legal companies structure
custodian side but they are absolute crap in terms of the user experience or
how they position themselves or how they're able to attract the new gen new
audience they are not able to talk or communicate to the to the crypto crowd
or the traditional world of new ink individuals and working population out
there I see a mismatch not necessarily just from the technology when
technology is a challenge for them but more so it's it's almost like three
layers and old-school traditional systems and traditional assets and
traditional people trying to use the technology of the current day and market
to Zen Z's and Inkster's who are even more newer than that and I it's it's like
a mismatch there and if that mismatch is not optimized effectively it can
negatively affect the growth of the space and these opportunities and trends
in general do you guys have any thoughts on that feel free to unmute and jump in
I'll add my thoughts on that so I think when it comes to generally speaking
millennials years and now alpha coming up it's not forget about them and I like
to think that because something and just to lay it out there not to be
stereotypical but something like on a fortnight as a game as a community has
had such a big effect which of course is run by Epic Games I wouldn't say that
there is a hundred percent complete mismatch but also at the same time I
would say that a lot of the how should I say the marketing is is trusted by
independent influencers whether it be through TikTok Instagram or on X slash
Twitter so people of course like myself I like to you know get the word of mouth
from either a friend or someone I trust rather than a corporation so I guess
that makes me no different from you know other younger generations but I will say
at the same time as what you mentioned is that these companies the big
should try five companies like I said do have that in-house expertise for the
user experience for the interface that makes it simple that grandma can use it
so that's I think the really big push and point and for whatever it's worth I
can't believe I'm saying this but I remember about well last week or two
weeks ago when Templeton investments on Twitter decided to laser eyes to
Benjamin Franklin their their company logo and put a hat on him even though
computing is cringe by some whoever is behind those accounts the intern I think
is doing a fantastic job to really understand the web3 community so I I
wouldn't say it's a done deal where people were you know crypto people like
us are gonna say how we trust you we trust you banks because obviously we're
not it we're in it not to we know we're like all those dang boomers right but I
will say that I don't think their efforts are completely going to not you
know in terms of bringing in the younger crowds but I would say that the
younger crowds have already been how to say evangelized the people have adopted
crypto millennial zoomers alpha they're already in this space I think what we're
trying to grab onto with the ETFs is more so the boomer that can't be bothered
because he's about to retire and or she's about to retire and they just want
to enjoy their retirement but they want to see something in their IR in their
IRA like Bitcoin the ETF that will keep their portfolio growing or someone in
the extra generation Elon must be an exception obviously you know not
everything there's not many extras in a dogecoin but you get my point that
there's a big mass of people that may have not been into the idea of crypto
whatsoever that may be falling into it now because of the fact that there is
this mainline mainstream acceptance through the ETF so I don't think that
divide for the younger generations will ever be fully erased I think that divide
is actually good to be present because it's it's a rebellion towards authority
and in this case Wall Street we all know how Wall Street works but I think it's
more so of how do we get the 80 in this case for like talk about the United
States we know that according to the latest coin coin rise I believe they put
out a study in December of last year so last month they basically said that 20%
of Americans own crypto okay how do we get the other 80% in or since I'm
assuming a lot of them are of course under 18 how do you get the other 60% in
so they're they're really you know trying to see how can we get the maximum
benefit that's not just the US that would be for any country in the world so
um yeah it's I think there's a bit of a nuanced approach to that it's not a
go ahead yeah talking about how to get more people you know who haven't you
know been exposed yet to you feel comfortable in the space that's that
actually intersects well with what secret has been developing we are we're
interested in helping people build trust out in the the general population your
boomers and whatnot for you know how they can protect their secrets and what
we found is that people they they sort of get you know what's going on with
crypto however they they get stuck at the really basic elements like how do I
protect protect my seed phrase what do I do with it I write it down on a piece
of paper well now I lose the piece of paper so you know what we've done is
we've we've we've brought to bear the concept of dispersed storage where you
have more than one sheet of paper with QR codes that cryptographically encode
your seed phrase so you can share it with you know a trusted person you can
put it in like a lockbox in your bank and you cannot retrieve your secret
unless you have a threshold of those pages so I think that makes an
interesting way for the public to to have confidence that you know their
assets you know which may be some kind of real-world asset or whatever is
actually not going to be trivially stolen it's not all the eggs in one
basket where if I share it with one person they can now in my key it's just
it's an interesting approach to helping people get past that hurdle of you know
how do I even start how can I be sure that I'm protecting my secret so I think
that's something human beings are kind of bad at perfect probably I want I can
see your hands up yeah thanks I you know to kind of chime in on this topic of
adoption you know we we look at it as it really is just real-world utility
trying to find things that people use on an on an everyday occurrence for an
example like email email is a technology that has not changed in what 20 30 years
and it's it there's a lot of different you know risks with that now with the
changing in tech and and that kind of thing and so really we're focused on
trying to bring the data control back to the users through their own digital
identities being able to monetize off their own data but more importantly
giving them the control of the data of what they wanted who they want to share
with when they want to share it how they want to share it and be able to revoke
that access whenever they want likewise you know it's it is about kind of
hand-holding people across the cross into web 3 for an example there where we
partnered with on chain to bring digital identity to all of Turkey's citizens and
so we're onboarding roughly about 15 20 million people and so that to us is a
huge huge opportunity for not only to for mass adoption but also for projects
and things like that to kind of tap into but with that comes responsibility as
well to ensure that there I think somebody mentioned this earlier that
there is a higher standard of security around their projects to protect people
as they start migrating on perfect we have one hour yes one hour and IV with
hands up but before I jump to you I just want to put in another question into the
mix as we are much closer to the end of the session I wanted to also ask what do
you believe or the next trends or what should be the next major things that
nobody speaks about right now probably to not come to the surface for the next
two or three years but you believe that is needed nobody's talking about it there
are no products around it there's no buzz around it right now but there is a
buzz that's waiting for it in the future if you have any ideas on that they are
super welcome I think they are going to be the most powerful alpha alpha that
helps you see through two three years ahead of time so yes let's start with
you on our yeah I mean I think you know the culture is ready for blockchain
ready for ownership and digital assets you know it was like you know back when
I was a kid it was buying CDs of your favorite artists and you know collecting
CDs collecting DVDs you know actual cartridges of games that weren't like
downloadable games and stuff like that and you had your ownership of your items
through that you know my kids they don't want to own anything physical they
want everything they have digital you know their movies and stuff are through
streaming services or Amazon Prime downloaded through a streaming stick
their their games are downloaded and purchased through you know Steam or a
place some type of play store and music is like iTunes and Spotify and everything
we and while they I don't ever believe that physical collectibles will go away
I think that there's a huge culture shift happening where the digital items
are becoming much more valuable and much more personal to people you know that's
what this generation is growing up on and you know the ownership of those
items right now you don't really have ownership if I buy a movie on Amazon
Prime and I've got it on my streaming stick I've got permission to watch the
movie whenever I want I don't actually own it Amazon can take it away at any
point you know same with a game same with you know any type of these digital
assets at the end of the day it's really just you own the permission to be able
to use it view it or have that kind of entertainment and so blockchain and NFTs
and all these other things that are building budding in the web 3 space
really kind of solve that need that that I think is a few years ahead of the
market the market may not understand just yet you know that they don't
actually own these digital goods but through blockchain you can actually own
these digital goods when I buy a fortnight skin I don't actually own that
skin but when I buy in you know an NFT gaming assets I can actually take
custody of that in the same hand I don't think that most of the market wants the
responsibility of being their own bank I don't think they want that
responsibility of like okay I can lose it everything with a keystroke you know
someone can put a fishing you know software on my computer or whatever that
may be and lose it all so I think there will forever be that need for
custodianship and people that want just you know a user ID and login through
that but at any point they can take it off and they have that option to take
that kind of custody if they want to and I really think that's where the the
market will be heading and that we're kind of you know like you said a few
years ahead is you know people not really understanding really that the
ownership that comes with these digital things and everything that comes with it
so I just want to kind of talk on or you know mention that point there's been
some really great topics I do have to drop off in just a couple minutes at the
top of the hour but uh awesome panel here and awesome discussion amazing
let's go with you Mikkel yeah I like that you're saying man it's like the
illusion of ownership is how we talk about it that's Adona I think I'm
really excited for like I have a demo I think it's called demo or demo on the
way so it's something it's a little crypto miner I'll plug it into my car
it's gonna record the data and that data gets sold and I get rewarded in a
crypto for it so I think more ways that we'll be able to retain our data as
customers and be rewarded for it that's something I'm really excited about we
haven't seen a ton of people doing that yet we're starting to see a few merge
so I think that's gonna be one of the one of the good plays in the upcoming
few years Mikkel sorry to jump in quickly I found out about demo through
an ad and not not to shield them or anything but would you recommend it
because I haven't pulled the trigger on it and what's your experience been like
I have a friend who sent me one for free so let me get you one just yet me
cool cool awesome I haven't installed it yet it'll be here tomorrow all right
okay layer uh layer 1x go ahead yeah I think for me uh I wouldn't be doing justice if I
I didn't talk about the UI UX side of crypto um that's my background being the
chief experience officer at layer 1x so um I'm excited for projects that are
definitely gonna be putting a lot more emphasis on um you know the user user
experience across the board I think it was Alejandro that would that kept
saints uh you know crypto so easy that grandma can do it type of thing um that
has been a meme in our uh in our community for well over a year now and uh totally agree with
them on that one we we feel that if we can uh help projects get to that point where uh simplicity is
paramount or become a staple within their their ecosystem uh leveraging our specific contracts
and things like that uh to make things more simple for their users uh and and making it easy
enough that grandma doesn't need her grandson or granddaughter to help her buy crypto or navigate
through crypto um I think that that will help build adoption and that's definitely one thing
that I'm looking forward to uh as we progress in 2024 and beyond perfect uh sugar go ahead
somebody had kind of broached it earlier uh with regard to real world assets being tokenized
um and there have been platforms that have attempted to do it with real estate and different
things but uh there's I don't think there's ever been a real hype cycle associated with it or a
real narrative uh that I think we will see in the next maybe maybe three to eight years um whereby
anything uh think about it traditional physical collectibles that maybe have been sort of niche
markets that people um you know in smaller communities uh would collect physical objects
that will eventually become known to broader audiences and these types of things can then
somehow be tokenized so that intrinsic value can be um put on a blockchain in such a way that
multiple people will be able to participate in the collection of these types of assets
and you know be able to store their digital copies of it um on bigger scale things like you know
automobiles um you know properties uh anything really but you know if you can actually take
these valuable assets where there's zero liquidity for example the Mona Lisa something like this
imagine if the Lou was able to tokenize the Mona Lisa in such a way that every day average
people would be able to buy portions of ownership of the Mona Lisa what would the market cap of the
Mona Lisa be um and in a very sense this could be considered hard money um and so the money issues
that we're having in the world with with inflation and um money printing and things like this there
could be some base layers of value in physical assets that are ultimately tokenized on the
blockchain and then accept it as a form of value so um we haven't seen anything really like that
in the space yet and there's some custodity custody issues of course but i think at some
point in the next decade we're going to see a massive massive massive boom on tokenization
of real world assets and people being able to unlock the underlying value and have liquidity
come into these things and have people be able to benefit from something that traditionally is
just maybe a painting on the wall uh but imagine the economic power behind something like that once
it becomes unlocked perfect uh spicy with your hands up yeah wow i just wanted to say um again
thanks for having us at the space we have to jump now because we have another space that we have to
hit to but i really did enjoy this conversation that we're going to give everyone a follow here
um dope to see layer layer one x as well was on their space earlier that was a that was a wicked
space that that they had um and um yeah connected with some people already here big shout out to
super spaces in the audience just saw them join the space uh a little bit after you guys if you're
not using super spaces you really should start to don't wait to track your growth on uh x uh using
them you're able to literally integrate with their platform and it will track all your spaces
that you do over time and it will rank you as well so you can see how well you're doing
and then you can track how many people join um you can track your growth on spaces itself
how well you're doing you can see the audience members that join as well and it builds this
kind of like own algorithm for you to follow the last thing i would say on that we actually use
them as part of our due diligence as well when we're looking into projects one thing that we look
for is how um as we look for how active you are in the space itself so not just twitter and posting
but if you claim to be hosting spaces if you claim to be joining we can actually see that
and a lot of this conversation on botting spaces have it has been coming up and people don't know
if the spaces are being bought or not i've had at times we've had spaces and we've had just random
bots to join out of nowhere if you want to crack down and actually know if you are the bots won't
show up on super spaces it might show the number but it will actually show you the actual people
that join the space so then you'll get an idea and you can see the differences but definitely give
them a follow if you're not using them start using them because if you want to wrap up your
ramp up your spaces and your audience and get better at it it's a great way to it's a great
way to track it but yeah just wanted to say that but um i got a jet onto the next space but thanks
for having us and please that i love thank you thank you so much uh for jumping and thank you
so much everyone for taking part in this uh we have space happening at the same time every week
and feel free to join in the future spaces as well feel free to uh tune in we have interesting
topics amazing speakers every single time so i'm super excited for everyone and so much of thanks
and uh look forward to seeing you guys in the future spaces thank you so much