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Weekly Community Update
Recorded: Aug. 22, 2025 Duration: 0:33:19Space Recording
Full Transcription
Thank you. so
gmgm onto knots i'm happy friday i'm so happy that you guys could join me this morning.
I'm just going to wait another minute or so, see if we can get some more folks to roll on in and then we will kick things off. Thank you. Okay, cool. GM again. Yeah, I appreciate everybody's time joining me this morning.
You're coming towards the end of August, which I don't know for some folks is that autumn for you,
but it's definitely coming towards the end of summer here in Prague.
It's a little bit colder today, but I'm not sad to see the end of summer,
especially in the city. It can be a little bit too intense.
So we've quite a few things to go through today um if you don't get through everything i'll bring it into the call
next week but also um i will be following with um an article summary of this call today i'm gonna
add that to the blog um and then you'll see it on medium and linkedin and hopefully we'll have
something on reddit about this so i think um we'll get into
that anyway when um later in the call so we're gonna start off with stable coins 2025 like
what's the story there why is everyone talking about them um hopefully you guys had the chance
to read jeff's piece um on this trust crisis and stable coins obviously we're looking at speed but
then considering like identity isn't there or trust.
I went through this on one of our previous calls.
We just kind of looked at, I guess, platforms
that could potentially be duct-taping KYC providers.
It's a really great piece.
And yeah, it's on all of our socials now.
But I know Jeff and Humpty spent some time
kind of doing a bit of a deep dive
into their Web3 wonderings that kicked off last night at like 9 p.m. CET.
So hopefully you folks were able to join in.
So I guess if we just look at stable coins and consider them to be these types of like digital dollars or euros, etc.
So you can kind of move 24-7 on blockchain.
So they're kind of suddenly everywhere again because I guess payments are catching up and new rules just landed.
So let's have a look. So feedback. So this is issued by a company that holds cash T-bills, 1-1.
So this is like USDC or USDT. So crypto collateralized as well. So backed by crypto.
So also there's like algorithms and like these synthetics involved. So the aim is to track $1 using like mechanisms or hedgings,
like not the same as kind of cash backed payment stable coins.
But the point is kind of having this target of $1 with different risks,
depending on reserves and governance. That is a lot.
So feel free to reach out if you're looking for kind of any
recommended reading for this um
all of the links like the research that I've been doing for these community calls
all the links will be will be added and yeah just add a quick to I guess disclaimer to the call
this is more so for educational purposes and comes from our own research so this is in no way like
financial advice just to put that out there.
So I guess, why is everyone talking about stable coins right now? I mean, we always have these
trends. So we're definitely kind of seeing this increased wave as we kind of progress through
2025. So the US just passed a federal stable coin law. So this is the Genius Act. So this is
essentially setting who can issue what reserves
look like. So these would be in the form of monthly disclosures or audits and like no paying
interest on consumer kind of payment stable coins. So it also creates pathways for state or
federal oversight. So this would be a really big deal for mainstream adoption.
oversight. So this would be a really big deal for mainstream adoption.
So I'll be taking little breaks just to get my caffeine hit this morning. So then you have
new rules in Europe for stable coins. So this began, this was actually kicked off and was
being applied from June 30th, 2024. So we saw regulators pushing market compliance through Q1,
yeah, into Q1 of 2025. Then we also see Hong Kong kind of turning on its licensing regime for
stablecoin issuers. That was actually just at the beginning of the month. So it was August 1st,
I believe, and then UK consolidations are underway on issuance and custody.
So essentially, we're looking at a global change, which is why this has become such a hot topic.
And also, if we just take a look at like a market snapshot.
So today, I think stablecoin market is at about 288 billion.
So obviously, we're looking at leaders in USDT, 167 billion in USDC, so 67 billion.
These should be correct.
So I got my numbers from CoinMarketCap.
So why teams and users should really care about this?
This is really interesting, actually,
if you look at payments and rails.
So payments are catching up,
kind of Stripe rolled out as stablecoin-powered accounts
and payouts for businesses in 100-plus countries.
And then PayPal put PYUSD on Solana for fast, cheap transactions.
So we're looking again at all these real-world utilities too.
So then we had institutional plumbing.
So BlackRock's tokenized BUIDL fund.
fund, so this was Treasury backed, crossed 1 billion AUM, so this was
So this was treasury-backed across 1 billion AUM.
securised, even enabled USDC and USD conversion for subscriptions. So it's
really interesting to see how this is being adopted globally as we said and
that there's new regulations but it's interesting also to see the development
of laws. So with that we're seeing kind of tighter reserve rules, monthly backed, more monthly expected kind of public reports checked by independent accountants.
Issuers can't pay interest on consumer payments stable coins because there's so, so yield products are a different category, like tokenized T-bill funds, for example.
And then foreign issuers serving U users need comparable oversight or US registration.
So this is all based in the US and then within Europe and Asia we're also seeing, so under the new legislation in Europe,
we're seeing euro and non-euro stable coins have authorization, reserve and disclosure duties.
So regulators signal supervision ramp ups by Q1 2025 and then also Hong Kong is live with licensing
regime now so UK is finalizing its approach. There are obviously a lot of risks and red flags so
ensure just make sure that you're keeping up to date with everything that's happening around
reserve liquidity, blacklist kind of compliance controls, like not all $1 tokens are equal
obviously. There is a really interesting checklist that I found
and I'll make sure that this is included in the article as well. So if you're looking at issuer
or license, reserves and reports, redemption and liquidity and also chain and fees. So I guess
the bottom line here is like looking at stablecoins that they're kind of maturing a little bit more,
maybe some clearer rules, better payments, more tokenization and better use cases. But again, this is just based on my own research articles, not financial
advice. It's kind of a little bit more for educational purposes. So yeah, I'll make sure
everybody has access to all this information and all my sources as well, that you can find
everything there.
Okay, cool.
So we had Dave join us a couple of weeks ago from Orange.
He's been pushing out a lot of these use cases for the addition of ZKTLS to Orange. So we looked at privacy preserving compliance, the potential that this could hold. So like most launches need kind of
two checks when you consider this. So did this person pass KYC and are they in an allowed region
I guess? So traditionally this means collecting passports and storing sensitive information.
But with this potential use case with Orange Pass,
lets users prove KYC pass or region okay
without kind of handing over a bunch of these documents.
So Orange Pass is a Chrome extension.
So a user clicks a test,
creates a tamper-proof yes or no receipt
from a fact, or about a fact from a Web2 site.
So for example, an an exchange so then your
app can accept this and that received on chain or off chain so you verify the results not the
document so under the hood they use tls and zero knowledge so to keep personal data private again
everything you know will be hyperlinked in the article so you guys can check this out so this is
really interesting for teams across the board because you could
consider lower data liability.
So you're not kind of warehousing passports or all of this information.
You just validate assigned attestation.
And then I guess this is lighten the load for ops, for operations.
So proofs are user driven and can be reused for a period you define.
And then it can help to improve your workflow.
So apps can check attestations, server side or via a contract.
So if you take this as an example, like say, we'll create a character and we'll name her Alice and she's in Paris, wants to get
involved in tokenized T-bills, vaults requiring KYC passed and EU allowed. So
say for example she opens Orange Pass, runs the Binance check, gets a yes no
attestation, connects her wallet and the vault policy verifies it so no files upload so no files are uploaded. So your page
so if you're looking to use this say for potential launch your page adds a button say
prove it orange pass for example you can then have users install the extension then obviously the
extension runs assigned results and then you'll have your back-end contract checks,
signatures and policies and everything that happens in the back-end.
So there's a deep dive into this for a little bit more of those folks that are a little bit more technical
in the Orange Protocol docs as well.
So what exactly are we proving here?
So things like KYC status, like region jurisdiction or account ownership balance thresholds at supported web 2 providers
like Binance, OKX, say, ByGate and Gate for example. So the proof includes a user hash. So
this is your one-way identifier for the account, not the raw user ID. Again, this is all, we've got
a deep dive of this in the Orange Protocol docs. So attestations can be created in seconds, the app
receives only when it needs to
decide and data can be kept off chain and verified on your server or minted on your chain if you want
a blockchain visible record. So you can choose whichever kind of fits your compliance posture.
So two pathways exist. If you look at proxy mode which is default and efficient and then MPC mode
which we could consider used if a site kind of blocks proxy access.
So you don't need to explain this live it just means essentially the Orange Pass can handle
different Web 2 sites while preserving privacy. So for anybody that's checked out this article it is
like way more technically based. Dave gave a high level overview,
which is essentially what I'm doing today.
So feel free to check out the articles.
It's a lot more of a deep dive.
So these private checks kind of already plug into Orange
Humanity Score, your OHS.
So a user who verifies real human and KYC past
can also kind of earn stronger reputation
for civil resistance or tiered access
without exposing their documents.
So this means that your OHS can live on-chain or off-chain.
Ontology, EVM is one of the supported chains as well.
So this is a quick FAQ actually, which I'd love to get your feedback on.
And I'll include this in the summary article as well.
So do we store user IDs?
No, you verify a signed attestation, avoiding storing raw.
On-chain or off-chain, either both flows are supported.
So which sources?
Docs list multiple exchanges and schemas, KYC ownership, balances, coverage can evolve.
How fast?
Potentially seconds for users to generate proofs in the extension.
And then also another legal note.
So this helps you to enforce your policies without collecting documents so you still set those
policies with council. So I think we can summarize into like a really interesting
one-liner so verify the results not the documents and this is highlighted in the
article as well.
Before I continue on, I'm just conscious of the time of going through another article
from Orange.
I wanted to kind of highlight our focus on like kind of continuing community engagement,
seeing as this is the community call.
So essentially we're relighting four channels. So we are looking
to kind of grow our following across like Medium, Reddit, YouTube and LinkedIn just to make sure
that like all of our content is accessible across multiple channels. So this is about like useful
information, allowing better discussion and kind of clearer like how-tos. So yeah, over the next
couple of months,
we're going to be sharing a lot more information across these channels
all around kind of decentralized entity, reputation, staking and nodes,
partner use cases as well.
So for anybody that's familiar with these channels,
like one size doesn't fit all.
So each channel really does do its own thing.
You're kind of targeting different people
and you should really have a different tone.
So with Medium, we're kind of looking at this
as like a separate, as like a second blog,
but with its own community.
Because obviously when you have a website and a blog,
like you're trying to develop a community,
obviously using a bunch of different strategies.
We're trying to get more folks to come to the blog,
but Medium has an existing community there. So we're obviously trying to get more folks to come to the blog, but Medium has an existing
community there. So we're obviously trying to tap into that community. So we're looking to create
just really like straight to the point explainers. We're going to have weekly community recaps with
timestamps and also a bunch of different kind of step-by-step guides you can bookmark. I see
Harbinger's on the call today. So if you guys have any ideas or you want to have some input on how this is structured,
then please feel free. Also, myself and Jeff have been talking about kind of using Medium as like a
really a hub for the community as well. So if we want to have like any creators or anybody from
the community write for Ontology, then this is definitely where you're going to find it as well.
So there is a way that you can help us, actually.
So if you drop any comments under articles or to us to let us know
if there was something that was unclear, like what step was missing,
like what would you share with a friend?
Are there any specific articles that you request?
Like you can tell us to write a guide on something
and then we can make sure that we'll queue it.
I think the most important part is we think that, you know, when you're looking at Medium,
we're going to make sure that you get the entire story and that every channel is kind of going to point back there as well.
The second channel that we're focusing on is Reddit.
So I'm sure everybody here is familiar with Reddit.
There's a lot of discussions.
We're looking for feedback there as well.
We had a really interesting discussion going the other day around stablecoins. So what you'll see here is a
bunch of different threads. We're going to avoid using jargon here. So it's going to be quite like
kind of honest opinions, show and tell posts, potentially we're going to have like features
and flows and then asking for your critique and for your feedback as well.
We're going to have certain house rules I guess where you're going to look at like value over volume and so we won't be spamming a bunch of content but it will be very valuable content.
We'll have sources, add sources when we make any claims and then follow each sub's rules obviously
and then we'll stay in the comments during the first hour or so to answer everything.
I saw Jeff was on top of everything when it came to the stablecoin conversation,
which he always is.
So what we kind of need from you is to tell us if you've noticed
that there's a drop in the flow on Reddit
or if there's any topics that we haven't covered.
So you can kind of share real hurdles like for example
if you're having any technical issues.
Reddit is kind of where we're going to expect the community
to maybe push back a little, ask for a lot more
and then ideally what we're doing is learning from your comments and then
iterating from that as well.
And then channel three is YouTube.
So this is going to be the idea of show, don't just tell.
We're going to try and reinvigorate YouTube.
We had a lot of success with Jeff's Poets Corner on a Friday. So we should be coming back to that. And also we do these spaces on X like twice a week. And then we have additional spaces with partners and collaborators. So our aim is to start taking that content and using it more on YouTube.
it more on YouTube. So I think we're going to be looking at maybe creating more explainer videos
each week, maybe addressing problems, like offering guides, like a certain breakdown of steps or
having like a demo. So we could have like caption screen recordings that it's much easier for you
guys to follow. It also would be great to get your input on, you know, to comment even on the spaces
today to like make a video on whatever
in under five minutes or to request certain types of content from us and also if a step is unclear
um we can time stamp it and make sure that we can fix something um so yeah so i think like if a guide
takes more than five minutes to follow um it's not an ideal guide to be honest so do feel free to
reach out to us if there's certain things that you'd like to see on YouTube.
And then finally, LinkedIn.
I've always thought LinkedIn was a really interesting platform,
like coming from, originally from a Web2 background,
like 12 years ago now.
LinkedIn is, and also LinkedIn is a resource
that I lean heavily on when it comes to partnerships
and business development and kind of
a lot of growth strategies but I've noticed over the last few years it has become increasingly more
popular in this space and it is great to see that because it's definitely more targeted towards
I guess like professionals in a way or developing your network as well and the structure within
LinkedIn I think makes that a lot easier to do within DMs.
Also when it comes to a company page you can have the option to just post your content direct or
also to create articles. So we are improving the content that's going out on LinkedIn as well
which more of a professional tone and then we're going to be using the feature on LinkedIn that
also allows a page to publish articles. We should have more content going there.
So it would be great to get your feedback on if you want to see any folks that should be tagged in our content,
you know, if there's certain builders, like as I mentioned, BD,
or if there's researchers as well.
And then you can tell us if there's certain types of data or charts
that you would like us to maybe find or that you would like us to maybe find
or that you would like access to.
So within LinkedIn, as I said,
it'll give us a lot of variety on content,
but we could potentially be using this
for inviting folks to AMAs, some research calls potentially,
and utilizing their event section in the platform too.
platform too.
So if you think of each platform separately, so look at Medium, it's like an alternative
to a blog.
We're going to have explainers there and then include simple diagrams too.
And then Reddit, this is where we're going to have these threads or these flows and have
a conversation, answer your questions, really get involved.
YouTube, we're going to have, ideally, have these kind of walkthrough sessions.
And then LinkedIn is where we're going to be getting a little bit more practical,
a little bit more serious when it comes to certain conversations
and then also certain types of content that we're putting out.
So overall, we'd love to know, like, tell us the topics that you'd like to have covered every month.
Pop them in the chat or DM after the call.
Also, shout out if there's any confusion.
If anything we post isn't clear, like say where it was confusing,
where we lost you.
And then also if you want to share any wins.
So if a guide helped you to ship something
or you found it helpful for the community, do let us know
and then we can always make sure to kind of feature this
in our next recap as well um yeah i'd love to get feedback on like what tutorial should we
film first or should we get involved in like Which subreddit should we prioritize for next week?
Yeah, what's the hardest step in like maybe considering staking or nodes or, yeah,
what LinkedIn checklist would help you kind of get your team more involved with this?
It'd be really interesting to get your feedback or to hear your input on some of this.
Moving quickly on, we have a really interesting quest that just went live yesterday.
So this is with Intract.
So I just want to spotlight.
This is an Ant ID loyalty quest.
This is live now and it's live until the end of the month.
So it's a few simple tasks and you'll earn loyal NFTs plus along the way way so you can get access to this on x you can
get access to this it's pinned in discord as well so collecting 10 of our loyalty nfts lets you
claim 50 ong so that's the standing rule for obviously the loyalty program so you can do this
with the loyal nft plus and the collaborative nfts so just just jump into the campaign posts on X or head to Interact, as I mentioned,
and look for the Ontologies Quest.
It is kind of it's tagged at the very top, so it's much easier.
It's much easier to find.
And so, yeah, so this is kind of part of a bigger push.
I did mention this on a few of our community calls.
So we're always open to testing like new campaign formats.
You know, we have the discord quizzes partner collaborations kind of staking uh theme drives
then like doubling down on on what you like and and i guess making sure that we're providing that
to to the community so we're definitely open to a bunch of experiments uh we're trying to iterate
a lot faster from what we're learning um and really make sure that we're kind of giving clear rewards. So if you guys are familiar with Interact or any other kind of Quest platform
and you'd like to see activity there, do let us know. We're always open to kind of testing it
and we're really keen to kind of start growing and developing following on the Ont ID X profile. So
this is kind of going to be very specific around an upcoming launch with IM
and also much more of a deep dive
into decentralized entities.
So please go over to AntID and give us a follow on X.
If you haven't already done that,
make sure that you're interacting with us on Medium too.
Subscribe on YouTube as well.
That would also be awesome.
And interact with us on Reddit.
I mean, it'd be great to get your feedback there.
And yeah, follow the company page on LinkedIn.
Most of the team are on LinkedIn as well.
So you can go and search our names
and follow individuals there as well.
I just wanted to touch quite quickly
on this week's trending add-ins.
So we touched on a bunch of this earlier,
but let's just, no, only a part of this earlier actually.
So EU speeds up digital euro plans after US stablecoin law.
We touched on that.
So EU is fast tracking digital euro options
and is even weighing public chains like Ethereum and Solana.
So China circles a yen stablecoin push offshore
following the Genius Act.
So China's exploring RMB stablecoins, likely via Hong Kong, aimed at trade and global RMB use.
So the U.S. Treasury opens public comments on the Genius Act.
So if you kind of care about any of these stable coin rules, the Treasury just asks for input.
So good signal about all of this implementation.
And then Solana hits a 100k plus TPS stress test peak.
And then TAN Momentum, so Telegram's wallet rollout in the US, is live.
So that's just kind of quick finger on the pulse in Web3 this week.
Also want to give a quick shout out to Randy, our CMO.
She's reporting from WebEx FinTech Expo in Osaka today.
So really excited to kind of see what she's going to be learning. But if anybody's there, obviously,
you know, reach out to Randy. But I'm really happy to kind of see the team always traveling
and trying to get connected with a bunch of different events.
I have another kind of section here that I'll start going through. It's another use case when
it comes to Orange Protocol. So there's two use cases that are actually live on the site right
now, but there's five use cases that we went through with Dave. There's three actually,
sorry, that we went through with Dave in total. And then there's an additional two
that I think he might join us next week to go through.
So one of them that we touched on with him
was about Dow civil resistance
via multi-source social ZKTLS proofs.
So obviously you can tell by the title,
it's quite tech heavy.
Do feel free to deep dive in the article,
but what I've done is just done a summary of this,
very high level,
kind of similar to what Dave did on the call.
So let's have a look at this for the next few minutes.
So I guess if you consider like token voting breaks when one person shows up as many wallets, right?
So bots, farm, airdrops, like what if a DAO could require real unique humans without doxing anyone?
So that's what Orange's multisource ZK, TLS proofs are for.
Mouthful, but this is what they're for. So the problem, like non-technical, right? So I guess
whales can spit tokens across wallets, bots spin up disposable socials, governance and airdrops get
distorted. So single source checks like verify Twitter are easy to fake and leak handles. So
DAOs with private multi-source checks can be verified on chain.
So the simple idea here is that users generate separate private attestations
from web to social.
So if you're looking at ex-Twitter, like Discord Forecaster, for example,
like each attestation says only the results.
So if an account has been active for less than 30 days,
so not your handle, follower count.
And then the DAO can require an AND rule across sources. has been active for less than 30 days. So not your handle, follower count.
And then the DAO can require an AND rule across sources.
So for example, three out of four social proofs. So to beat civil attacks and verify results on chain with no centralized oracle.
So let's break this down in as simple a way as possible.
Hopefully we haven't removed too much important information here,
but the proofs are made using ZKTLS cryptography
that proves essentially that this came from the real site
and met the rule.
This is exactly what we're looking for
without revealing the underlying data, key part here.
So Orange aggregates a user's multiple social attestations
into one on-chain credential.
So this is your smart contract that can be checked super quick.
Think of this as like, I guess, a single pass that represents several private checks.
And then you can configure some simple rules. So a wallet must own more than three unique social attestations among, say, ex-followers, a Discord member of at least one server forecast,
account age of more than
30 days, and then the DAW contract checks the pass. It sees only yes or no flags, not
usernames or follower accounts. So this all comes from installing Orange Pass on Chrome.
It's really, really interesting, actually. Some of these use cases, I mean, I'm only
touching on two of them today, but some of them are very cool.
But I'll make sure that we get Dave back on the call to go through the final three.
Okay, cool. I'll just go through these points quite quickly.
So then we have, we're kind of looking at why this is actually better. So if you consider privacy, so there's no public handles and then DAOs don't store this.
So Sybilhard, multi-source and logic beats cheap kind of single
source farms so on-chain and composable it like it's a standard on-chain
credential your contracts can query so if we look at potential risks or built-in
mitigations just in case something goes wrong so bot farms across sites so raise
threshold to three or four and optionally add an exchange KYC attestation.
So what if there's stale proofs? Require proofs newer than 90 days.
The potential for fraud. So registry supports slashing of the credential.
So there's also some notes for quick integration for certain builders.
But it is really interesting to kind of consider what we can do to prevent any of these kind of civil attacks and to ensure that we can continue with these structures.
So I think if you run a DAO or are involved with a DAO, it's going to be really interesting to see how this could develop to pilot like a real human voting.
I'll make sure again that all of this is linked in in the um article overview that i'll post today
but also wanted to bring your guys attention quite quickly to my ether wallet so we've been a
we've been collaborating with them since 2023 but we'll be sharing more content around what they've
been up to so it's one uh one of ethereum's longest running wallet projects are celebrating
their 10-year anniversary um so yeah, go over to their ex,
and there's a bunch of different campaigns.
But yeah, watch this space.
We should have someone from their team joining our community call.
I think we'll be joining a podcast of theirs next week.
Hopefully someone from their team will also be joining the guys
on Web3 Wanderings.
And then we should have some content going out around my Ether wallet
and then developments within ontology as well
also just to reiterate um just if you folks can go over to medium go to youtube go to reddit
also linkedin would be great to see kind of additional support there and we have more content
coming too and make sure that you're getting involved in the intract um campaign it's live
until the end of the month um or probably will go on a little bit longer than that
I think. It's two weeks and then if there's any other campaign platforms you think that we should
be using don't hesitate to let us know and as well if there's any content any topics you think we
should be discussing again don't hesitate to let me know and just to reiterate yeah these are just
my own this is just my own research. So we focused on stable coins today because, I mean, it is essentially,
I hate to say hot topic, but a very popular topic this week.
It's definitely getting more and more popular as we progress through 2025.
So we did well, very efficient as always.
If I'm talking too fast, please let me know.
I won't get offended.
And I do appreciate everybody joining the call again today.
Shout out to our Harbingers.
Shout out to our Entenauts in general.
And have a great weekend.
