Q&A
Highlights
Key Takeaways
Behind The Mic

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Space Summary

The Twitter Space Tavern EP 36! hosted by SynergyLandGame. Embark on an exhilarating journey through Tavern EP 36!, an ARPG masterfully created by experienced Gaming Dev Veterans. Dive into a world filled with diverse dungeons, engaging narratives, and exciting quests. With the collaborative touch of Treasure_DAO, players can expect a unique and immersive gaming experience. Community interaction plays a vital role in shaping the vibrant ecosystem surrounding Tavern EP 36!, offering players an unforgettable adventure within this captivating gaming realm.

For more spaces, visit the Gaming page.

Questions

Q: Who are the key figures behind the development of Tavern EP 36!?
A: Gaming Dev Veterans bring their expertise to create an immersive ARPG experience.

Q: What sets apart Tavern EP 36! in terms of gameplay and storytelling?
A: The game offers diverse dungeons and compelling adventures, promising an engaging narrative.

Q: How does Treasure_DAO contribute to the gaming experience within Tavern EP 36!?
A: Treasure_DAO's involvement enriches the gameplay, adding unique elements.

Highlights

Time: 10:15:29
Exploring Diverse Dungeons Unravel the mysteries and challenges of various dungeon environments in Tavern EP 36!.

Time: 11:25:17
Collaboration with Treasure_DAO Discover how Treasure_DAO enhances the gaming mechanics and experience.

Time: 13:15:40
Community Interaction and Engagement Learn about the importance of fostering a lively gaming community around Tavern EP 36!.

Key Takeaways

  • Insights into the development process of Tavern EP 36! and the expertise of the Gaming Dev Veterans behind it.
  • The engaging nature of the game, promising unforgettable adventures within diverse dungeons, adding excitement for players.
  • The collaborative effort in creating the ARPG with the involvement of Treasure_DAO to enhance the gaming experience.
  • The significance of community engagement and interaction in fostering a vibrant gaming ecosystem around Tavern EP 36!.

Behind the Mic

Introduction to the Space

Hey, everyone. Going to talk briefly because I haven't heard anyone yet. Excited for the space on RWAs and hoping everyone can hear us. Just wanted to drop a note for those listening. Looks like people can. Good to hear. Also not sure if there's technical issues from the host. Do the other speakers on the stage want to confirm that they can hear us and speak?

Technical Check and Confirmation

I can hear you guys. I'm having problems with my bluetooth, with the space, but everything else seems fine. Awesome. Yeah. Good gear. Yeah, I can hear you. Yep. Fantastic. So I guess we'll continue to wait for the host with the agenda. Sounds like a plan. Can you guys hear me? Yeah, we can. Okay. Awesome. Awesome. Sorry, guys. You know, mobile settings, voice, all that stuff. You guys probably do the same drill.

Setting Up the Discussion

All right, so I think we've got everyone that has requested. Thanks for hanging in there, guys. Can you guys hear me? Okay, just one last check. Yeah, all good. Awesome. Hey, so if you're scheduled to be a speaker, go ahead and request to be a speaker. If you have not done so already. We've got a packed House of speakers. You guys are awesome. Great to see some familiar faces. Hopefully Dustin's going to brew up one of his freestyles again. But last week's episode did not tape, so obviously I am confident that we are recording on this one.

Context of Discussion on Real World Assets

But this is all about real world assets and enterprise. Guys, all of our speakers have some experience with real world assets and or a strong thesis. So we should have a packed house here today. This is real fi episode seven, RWA and the Enterprise, where we're going to talk a lot about examples. I'm going to challenge our speakers as well to talk about examples, opportunities, semantics, distribution, risk of distributing an enterprise. I will just give a brief intro and I'll tee up one or two questions.

The Project Overview

You guys toss the mic and toss the baton to each other. Don't let me insert myself and yap away here, but my name is Anthony Diaz. I am the founder of the Go project. We are a layer one Zkevm for the real world asset space, leveraging real world assets and value to back tokens that can be distributed to the enterprise, that can enable enterprises and consumers tokenize anything in seconds. We have a 1.7 million strong community. We will be doing an Ido for our Goxp Rwa utility token soon.

Shifting Focus to the Purpose

And furthermore, after that, our chain will have a coin to it. GSMC. So shameless plug there. But I think what's not about us, it's about the conversation that we want to drive forward. Today you guys are working on a lot of great, amazing things. Rules and premises is let's talk in short, simple words. So all of those acronyms I just mentioned, I shouldn't have said them, but let's talk to, you know, like we're talking to our nieces or nephews or sons or daughters and really just explaining what we do in simple, short words.

The Importance of Simplicity

It's really important that we explain things in simple, short words because one, these kids growing up aren't learning anything about business if they're going to public school. Furthermore, right? We need to teach everyone around us about the fundamentals of business, the fundamentals of value, right? To tee us up before we go out of room. We'll start with token, tails, Allen, and then Taraxa. But you guys give an intro.

Expectations for Contributors

I'm going to tee us up as we go around the room. I'm going to ask you guys just one question. Give an intro about what you're doing related to RWA. Number two is talk about maybe just some high level applications or examples or a thesis of real world assets impacting the enterprise. Tell me what that means to you. And then the next cycle we go around the room, we'll talk about, we'll roll for about an hour here.

Future Discussion Themes

The next cycle around the room is we'll talk about a little bit more deeper use cases just to lead the witnesses a little bit. Global market for RWA tokenization the market size 16 trillion by 2030, with over 1.5 trillion expected to be tokenized by 2025. Rwas currently are being tokenized are mainly real estate, commodities, bonds, private equity, intellectual property, carbon credits and supply chain assets.

Market Context

There's trillions in real estate, right? 280 trillion, right? There's commodities, there's roughly about 300 million today in circulation. Paxos Gold, Heather Gold leading the charge on the commodity side, key players in the ecosystem that we all know of. And you guys are probably friends, cousins, brothers with some of these. Ondo finance, Montreal Peak finance, centrifuge, JPMorgan, Onyx Goldman Sachs are some major players.

Highlighting Real World Asset Applications

We know those names. Let's say those names and then RWA Enterprise applications that are in use. You've got JP Morgan, Santander, Goldman Sachs doing some stuff. You've got real it and property and real estate. You got centrifuges and supply chain. In the carbon credit side, you've got flow carbon, you got toucan protocol doing some awesome stuff. But hey, we're not trying to just name drop and just talk about the market, but just wanted to frame some context that these aren't ideas.

The Reality of RWA in Enterprises

RWA is a real thing in the enterprise. It's happening. It's happening faster. I think leads to say what everyone thinks about enterprise. I think boring. Sometimes I think, man, enterprise apps should be more simple, fun and rewarding. But I think we're entering this phase where the finance manager could be the person that drives the most value in the enterprise.

Trends in RWA Tokenization

I'm a little biased in saying that, but fastest growing areas of RWA tokenization are obviously real estate, green finance, carbon credits, you know, obviously the green stuff is very debatable. We don't get into those details. Unless you guys want to invoice and supply chain finance securities and bonds and then key distribution channels for RWA tokenization has been institution product protocols to date or institutional partnerships, DeFi protocols, tokenization platforms like securitized polymath, Tokenye, and legacy system integration.

The Role of Major Institutions

So JP Morgan, Onyx, and Goldman Sachs. But let's go around the room, guys. Let's start with token tails. Give an intro, talk about what RWA and the enterprise means to you. If you want to cite some examples. You guys can tell I drank my coffee before this. So my job right now is just to hush, let you guys take over. Love you guys. Really appreciate the support as always.

Encouragement for Discussion

And let's go around the room and let's talk business, guys. Token tails. Yeah. Hey everyone, my name is Krishna and I lead marketing at Tokentales. So firstly, thanks to goproject for having us today. Like super excited to tell you all about token tails and discuss more about the topic.

Introducing Tokentales

So what we are doing at token tales, I think it's kind of related to RWA because we have a game that we're building. It has real world impact. So we are building the world's first play to save gaming franchise that revolves around cats. So what the players can do in our game is they can take kind of, it's kind of like a tamagotchi this, but completely disguised.

Gamification with Real World Impact

And you can take care of the cat out of these cats and play with them and earn some coins in that which will lead to rewards in the future and coming to the real world impact and this RWA aspects. So I would say our project is kind of leaning towards the philosophical and this philanthropic side and not completely into the real world assets.

Connecting NFTs and Shelters

Because the NFTs that we are building are virtual cats. And all these NFTs will be connected to the real cats in shelters. So we are initially starting in Lithuania, that is where the company is based and the whole team is based and the shelter staff, they'll be able to enter the data of these real cats, something like their medical data, their needs, and the story behind each cat.

Financial Model and Impact

And they can also update the status on how this cat is doing and what are you does it need? So when the cat NFT sales happen in token tails in this game, so 50% of all the revenue that we make, they go directly to the cat that is connected in the shelter. And on top of this, the person or the player who got this NFT cat, they will be rewarded with plush toy to celebrate their Nobel contribution.

Innovative Engagement Approaches

And in future, we'll also be launching some bracelets where they can kind of like, you can think of like a bracelet, like a Tamagotchi bracelet, I would say, where they can track their virtual cat and, you know, interact with their cat right there. I think what this sets us apart from other games is like, now we are trying to explore this real world assets, but we're not going deep into this.

Philanthropy and Blockchain

But we took this philanthropic approach because we know that blockchain is created for community and by community. And we wanted to create a project to have a real world impact. And we thought, okay, everybody loves cats. And were like, okay, let's do it. And that's how we came up with this. And my opinion on real world assets, I think like that is, I think that's going to be play a really key, like, key role in the future.

Accessibility to Real World Assets

I mean, more people will have access, I would say, to these assets. And as blockchain is transparent, most of these transactions will be transparent and we do not have to rely more on these financial managers and others, I guess, I think, yeah, that sums up everything, I would say. Awesome. Thank you so much. Token tales, very cool. Awesome project.

Connecting RWA and Enterprise

Alan Taraxa, innovative. Dustin Williams Salsa and then, sorry, I'm on mobile here, so I'm just going to say the first characters, I know who you guys are, but keep rolling down the list and adding value here. Let's talk about RWA Enterprise and also say what you do. Yeah, lovely. Anthony, thank you for having me on.

Introducing Qui Network

And Kushna, thank you for your intro on your project. Token tails. Excited to share a little bit more on Qui network. I'm one of the co founders of that project, and Qui is building the decentralized energy dollar on a scalable and programmable proof of work network.

Technological Goals and Capabilities

So aiming to build a layer, one that achieves over 50,000 transactions per second, while being as decentralized as bitcoin, while also having programmable properties like Ethereum. So we're EVM layer one and I, we're ramping up for mainnet later this year.

Collaborations and Development

We've had prior testnets with over 2200 GPU's, 5000 nodes, currently partnered with other large projects in the RWA and compute economy ecosystem, more specifically around DPIn as well, such as ionet, portal to bitcoin, rarible, Lumerin, and others. So we're super excited about this emerging market in regards to having these things tied to bandwidth and digital commodities and rwas for us, we see this market really taking in as much as you said, that 16 trillion by 2030.

The Future Landscape

That is a huge area for us to innovate in and bring these assets on these decentralized networks and facilitate a permissionless way of transacting value here. So I see this area continuing to grow, and we want qui to be a bedrock for this and facilitating a lot of the actual exchange that can happen in a peer to peer decentralized manner.

Neutrality and Censorship Resistance

So our goal with the project is to remain as incredibly neutral and as censorship resistant as possible. I see crypto really as a wartime technology. I know it can be a lot of fun and games on the top layer, but we have to build these systems to be sound monetary layers that can exchange value for the long term.

Prioritizing Security and Functionality

So having high levels of uptime, being very responsive to network dynamics, and being able to have ways to essentially combat attacks and combat ways that people try to censor or limit information. We live in an age in which, as we become more Internet native, people want to restrict or even contain a lot of the things people do or say with their information and their values.

Creating an Open Network

So with qui, we're creating ways that can remain open, incredible for the long term, similarly to the Internet. So excited to talk more on rwas. I think this is going to be a great space and glad to share my expertise and weigh in here from the quant perspective. Also see a lot of people from the community in the crowd.

Community Engagement

So glad to have them here listening along. Excited to chat a little further. Thank you. Really appreciate what you're doing. Taraxa, innovative. Dustin. William, let's keep going.

Panel Discussion Introduction

Yeah. All right. Thank you very much for having me on this panel. My name is Stephen. I'm one of the co founders of the terracer project. So Taraxa is actually a layer one.

Project Launch and Evolution

We started building it in 2018, launch our mainnet last year. It's the world's only proof of stake block dag EVM compatible layer one. So it's really the next evolution for blockchain. Right.

Integrating AI into the Framework

So in parallel, we're also building a social AI platform called Echo. It's plugging to over 50,000 telegram groups ingesting over a million messages a day. There are applications that are built on top of it that uses the layers AI models on top to do automated trading, automated social campaigns, and automated.

Research and Information Sharing

Do your own research summarizations on any asset topic, narrative. You'd like to see what the crypto community is talking about in real time. So a lot of interesting stuff. We don't do much with RWA, so I'm mostly here to learn.

Observations on RWA Market Challenges

One of my Stanford classmates a few years ago launched a real estate RWA project in Japan. He's based in Tokyo. But one of the things that I saw was problematic about RWA is that if you have assets that are highly liquid, things like treasury, things like stocks, then they become highly regulated, which means that there's really no decentralization to speak of.

Issues with Current Market Structures

All these companies are running their own private chains, going through heavily Kyc'dan portals and applications. So the blockchain part of it is purely window dressing. Purely window dressing.

Critique of Current Liquid Assets

So I don't really know what the point of that is. Now for the things that are not very liquid, like real estate, people aren't constantly buying and selling real estate in the real world. It doesn't happen nearly as frequently, obviously, as like, you know, treasury bills or stocks.

Challenges with Price Discovery

So there isn't a constant price discovery. And it's not like the issuers can kind offer a backstop to buy it back, preventing prices from collapsing on a DeFi platform, for example. So it's very tricky.

Concerns About Decentralization in Real World Assets

Right. So on top of which, they're also heavily regulated. So what is the point of putting RWA real world assets on decentralized networks if they're not actually decentralized? I would love to find out because seems like it's being hyped up quite a bit and maybe there's something I don't get. Yeah, love to learn. Thanks.

Introduction and Focus on RWA Enterprise Sector

Cool. I think it's me, right? Dustin. Hey, you guys. Dustin Lee CMO co founder, d store so, yeah, we're actually kind of in the intersection of, like, the gray market coming into like, the RW enterprise sector. We're kind of at the, like, lower, you know, tier, I guess, in the sense of like, retail aspect, because we focus on physical assets using, you know, like a web two five, 2.5, like, kind of intersection. I think it's like a low hanging fruit, you know, products and services, e commerce, you know, we do want to create attestation for products and that's the whole sense of RWas using blockchain based, you know like digital twins per se is what we utilize for like nfts but like you mentioned like the.

Importance of Attestation and Ownership

I guess yeah, the security or like use case or. Yeah, like provability. I would say like you know that attestation for products to me is like most important. I think we live in a world that we're physical goods could be owned in some sense, but who actually owns them and then using a did solutions social KYC or we have these smart fingerprints, these abilities to prove ownership. But enterprise level centrifuge and peak mentioned these are more infrastructure and I think that's important too as well. But it's the same as blockchain dapps and the tokens built on top of the chains tend to do more, you know, I guess ROI in comparison. I want to speak token talk but like that sense is like the products that are based from these enterprises, what actually wins in the end, to my knowledge.

Insights on RWA Pipelines and Collaborative Innovations

But I'm not super huge in RW enterprise sector but I know centrifuge and peak. I work at the Polkadot ecosystem so it's nice. Thanks. Dustin Saulson William, whoever wants to grab the mic next? Yeah, I was just going to grab the mic here. My name is William. Thanks for having me today I am the COO and studio director of Andromeda and we are a web three entertainment technology gaming hub that has focused on mobile gaming vtubing. We have a multi streaming platform that is all interoperable with our ecosystem backed by some tokenomics and a two token ecosystem. We've really focused on bringing a lot of different verticals of revenue to enterprises so we could partner up and bring our digital ecosystem to a physical reality.

RWA Execution Through Diverse Channels

One of the RWA pipelines that we've already executed on is our physical comic book. We have two ips that are within our ecosystem. One is the sevens and the other is called the Outcast Origins. Figuring out a way to get a publishing deal with entertainment and media companies within the web two industry to bolster that physical product sale. That would be a big pipeline for us here in the near future, as well as trying to bring some virtual land and real estate from IRL into our ecosystem and our MMORPG that we're currently in the process of creating. So there's a lot of good pipelines for us. We've also created our own design format and standard for 3d modeling.

Advancements in 3D Modeling and Innovation

So this is something I'm pretty proud of and our team of doing. We basically think about like an FBX file or an OBJ file. I know weren't going to get technical, but just think about a 3d modeled character online, right? Well, there's different file types, and we have created our own standards. So the more widely popularized our ecosystem gets, the more interoperable and widely utilized our assets could be, both in digital and physical realities. And then the last pipeline would be collectibles, obviously, mangas figurines, they're pretty synonymous together. One of our recent advisors that we onboarded, he actually has a distribution and 3d printing business that is backed by some pretty cool technology that is far over my head and my smooth brain.

Innovative Collectibles Integrated with Blockchain

But in simplicity's form, it's basically some color and material science that is integrated with blockchain technology. So you can actually have a one of one figurine and it's trackable on the blockchain and it's based off of the color. And think about jeans and stuff like that. That's how I think about it. In the lab, they're just putting redhead with brick together, you know, and seeing how it mixes and then throw in some blockchain technology within it. So it can be a tag within your clothing items or, you know, a metal piece on your figurine or your trophy. So I appreciate your time, and I'm looking forward to hearing all the insight.

Community Engagement and Sustainable Communication

All right. It feels like we have one more speaker that did not speak. We've got Bud that's requesting. I don't know if you were requested to speak. Did I miss any speakers that wanted to speak? Okay, go for it. Go first. Sorry. Hello, guys. Thank you for having me today. I had some trouble with the connection at the first minute. That's why just connected right now. And maybe you missed because of that. So I'm Julia. I'm the co founder of Salsa Valley. We merge the web two and web three vaults and realms in our gifi and entertainment ecosystem.

Engaging Web 2 Users in a Web 3 Ecosystem

And we are not like 100% focused on array, but we definitely use these cases. And in our ecosystem, which we built, we create unicrypto world with different assets, different products for different types of people. And our huge focus to engage the web two people into the web three world. And our vision is that, of course, as we are real people and we live in the real world, we need to know this at the time when we need to connect the digital, the web three technologies with the web to use two products. And it could be done, for example, like the marketing and partnerships where we can leverage the interest in tokenized assets to form partnerships with the real world brands, giving users the opportunity to exchange the virtual achievements for the real world products or services.

Innovative Products and Brand Collaborations

For that, we create the Crypto cartoon series. We create the crypto board game. This is the physical board game, the physical product. We're gonna release our own, under our own trademark, the line of South Salsa sauce. So when people are engaged into our ecosystem and they engage in different like games, they use the same NFTs in all our ecosystem as we have the chainlink NFT economy. Then by like playing and using the products, they can use these assets, tokens and NFTs, for example, to buy the board game, to buy the south, to vote for the future series episodes about, of our cartoon series, to have the NFT avatars in the game from the cartoon series, for example.

Value Creation Through Collaboration

And this is the vision, how it can be done even in the entertainment, even in the gaming industry with the gamefi and web three technologies here. So this is very important for now for every type of project. As for me, as for us to collaborate in these cases, to give the value for the people and to give the value for the web to people to be more interested in joining our world where we are now. Thank you.

Wrapping Up Initial Thoughts on RWA

Awesome. Awesome. Really appreciate it. Thank you so much. What I wanted to do was, did I miss any speakers? I think we've got everyone, right? Well, everyone said what they do, gave their initial thoughts on RWA enterprise, gave some really great concrete examples, and also contrasted infrastructure versus DAP opportunities, which are really great. And simply here, I'm not speaking in simple short words too, but we want to make sure that everyone really understands what we do.

Open Discussion on Success Factors and Risks

So I think what we did talk about is a little bit about infrastructure examples, just to lead the witnesses. Again, as we go around the room, guys, up to two things that I'd like for you guys to comment on. What are the success factors? What are the success factors and or risks or hurdles to gaining enterprise adoption for web three Dapps blockchain relative to real world assets. So if you can ideally touch upon that, talk about a concrete example or suggestions or thoughts if you have not already, I would love to hear that.

Individual Insights on Enterprise Experiences

So, success factors and or risk or hurdles. So pros and cons, pluses or minuses as RWA web three blockchain penetrates to enterprise. And I would love to hear some very specific examples that you guys may have around Dapps. I'll go first. I'll just mention one I remember in the enterprise when I did work in the enterprise before starting a company. I loathe for some reason doing expense reports. And I always felt that, man, if there was just a simple, fun, rewarding way to do expense reports, that would be awesome.

Identifying Gamification Opportunities in Enterprise

CRM applications. When I use CRM applications, I wish they were more gamified. They should have been feeling like a video game. Salespeople love games, they love closing deals. And so CRM applications could have been fun. Don't even get me started on ERP platforms. Which is why the inspiration of growing healthier to an enterprise ERP platform that's modern, that works with RWA protocols like go smart chain and go protocol. Those are my three examples. But I'd love to hear about your hurdles success factors.

Discussing Relevant DAP Examples

Give some DAP examples specifically. And because those are important things, right, we can talk about great ideas all day long about opportunities of Barwa and all the trillions of dollars of assets coming online. But if we don't really talk about and bring to fruition and speak into existence the hurdle jumping that needs the success factors, it's all for not, right? So give some examples, guys. Talk pros and cons, pluses or minuses. We'll go back around the room, starting with Alan, and then just keep tossing the mic.

Addressing Risk Factors and Market Challenges

Yeah, those are all good points. And when you talk about the risk factors hurdles, especially as it relates to enterprise, I think right now everybody is looking at just the accessibility and liquidity in these markets. So Blackrock is trailblazing. They're leading the way. Their biddle fund has over half a billion dollars in liquidity directly on chain. So they're tokenizing these assets, putting different treasuries, different types of rwas, as well as stocks, bonds, and other things into this fund in which that's becoming directly available to institutional.

Regulatory Landscape and Institutional Access

And I know a lot of people have been looking at institutional lately, just in regards to how quickly different regulation can open up institutional access. Even going back further, a lot of the initial catalysts for the market being bitcoin, ETF, ETH, ETF, and all these other things that are actually more off chain, but manifesting those on chain. And I know it's really difficult for enterprise and more institutional people to get on chain, considering the hurdles in terms of the custodian requirements, the actual need to have private keys, and having different custodians manage that slowly, a lot of that friction is getting removed.

Future Deployments Within RWA Markets

And so we're going to see a lot of larger players come in and deploy into these rwAs. And I think when you kind of hinted at infrastructure versus the Dapps and how those should actually be used. But the infrastructure is very important because these systems, being decentralized and permissionless, are actually more efficient in the long term for RWAS transfers and getting that across the globe in a way that is kind of more isolated when you look at stocks in the us market.

Navigating Privacy Challenges in Revenue Growth

And so I think that's going to be really useful. I think some of the hurdles, though, and some of the things that are really limiting the growth is privacy and having people kind of seeing that directly on chain and having those portfolios directly visible. And so I'm interested to see what evolves in the world of privacy and facilitation around these RWA transactions and who's buying them, who owns them, how we're able to identify wallets as well as downstream effects in terms of stablecoin growth, and how people are bringing those sorts of transactions on chain.

Stablecoins Impact on RWA Market Dynamics

Because I know USDC, USDT, Paxos and others are pretty sensible and pretty able to be mitigated if someone says, you can't transact in the stablecoin. So I know stablecoins aren't as related to RWAS. I consider them in a similar market. Bringing dollars on chain is probably as tangible as it gets compared to something like a stock or a commodity. But at that same time, I think privacy is going to be big blocker to adoption for institutions and enterprises as a whole in the RWA category.

Tapping into Innovative Suggestions for Future Projects

So I'll pass that along. Would be interested to hear it looks like innovative bioresearch has their hand up. I'll toss it over to them if they want to speak. If not, maybe to Dustin or someone else in the panel here. I mean, I'll jump on. Oh, yes. Well, sorry, weren't given the opportunity to introduce ourselves, so. Yeah. Innovative.

Navigating Technical Difficulties and Ensuring Communication

If you're speaking, we can't hear you. Can you want to try again? We can now. Yeah. All right. Sorry, I wasn't giving the opportunity to introduce myself. All right, go for it. Or dustin, if you want to jump in. Either way, I'll be very quick. So can you.

Exploring Collaborative Possibilities and Meaningful Discussions

I think. Which project are you from? Because innovation was a woman, to my knowledge. So I'm not sure who this is. Is it the same project? There's a buddy. It's kind of rugged. Hello? Oh, sorry. I can hear you. I know it's like, really rugging hard. I can hear.

Engaging in Team Discussions and Constructive Conversations

It's a little delayed. I can hear. We can hear you. I can hear everybody. I'm not sure if you can hear me. Go for it. All right, maybe there's some delays. All right. Yeah, I think. I think some audio issues on Buddy's part, but Taraxa or Dustin, whoever wants.

Concluding Thoughts on Project Inclusion and Collaboration

To jump in, I'll jump on. So, Alan, thanks for that insight. Yeah, go for it. Yeah, so, yeah, I'm kind of in that mix right now. So we're working with Sony, which is a Sony chain, and, like, kind of that consortium using privacy, like, working with the public sectors. I think that's kind of, like, the intersection of, like, having enterprises work with the public sector, because, you know, obviously, ledgers are all public, so, you know, enterprises are taking time to, like, build out, like, a dao infrastructure and using, like, you know, these consortium chains to send, like, transactions as, like, through bulk transactions to the main public chain.

Insights on Private Chains and Public Partnerships

So, like, if, you know, Sony ones that have an enterprise chain or, you know, all these, like, other, like, shell and all them that work with, like, energy, they'll have, like, all their, you know, carbon credits or whatnot onto their own private chain, and then that information, you know, within their own Dao infrastructure, and then whatever information needs to be shared with the public, like, that's kind of where we're at, I would say, for, like, privacy. Kind of my idea.

Exploring the Intersection of Privacy and Enterprise

That's interesting. I'd actually be really keen to hear more, like, on that sonium relationship, especially in terms of, like, how those chains are. Are built and managed. But it looks like Taraxa also, too. Will, before I interject and go back to Dustin, we'd love to hear from you all. Okay. Yeah. Like I said, I'm really here to just kind of learn from all the experts here. So my classmate in Japan, he's building this RWA startup, right?

Real Estate Startup

So it's a real estate startup. He bought out, I think, over 200. 200 residential houses in around Tokyo within, like, an hour drive. And his business is actually to rent them out. He signed this. He created this fund with a local bank. I think it's, like, misui bank or something like that. That's a fund to kind of purchase these houses from him as he kind of gets them up going. But the problem that he runs into is that he said that if he issues these. Because we talk about this, right? If you issues this, I put it on, like, a Dex or something, and it's just floating, right? There's no reference price for these real estate assets. Like I said, it's not like a stock that gets traded, like every second that you get to see what the price is.

Real Estate Pricing Challenges

So somebody could go on a Dex and just like, tank the price. And then what? And then he has to go back and say, well, here, we'll buy it back at this bottom price or something like that. It's very complicated. That means he has to sit on a huge pile of capital just ready to get this bot back. So I. Real estate. I keep hearing about real estate in Va. How do other people solve this problem? There's like, off chain computation. You know, there's like, there's off chain workers that could, you know, feed this information. It's like what Chainlink does, essentially, but there's other projects that feed that, you know, off chain data into web three interfaces. So there is, obviously, it's very early. I can't say it's that in demand, but for democratizing funding and stuff like that on chain Dao infrastructures, that is where it's at now.

Real Estate Trading and Market Pricing

But, yeah, when it comes to trading a token that's correlated to a physical property, I haven't seen, like, a proper product right now at this. But polymath, or was it polytrade when those projects, there's like, you know, like, I guess tracking some of that, like, you know, data, you know, say if it was like, t bills or something like, that's kind of where, you know, would be. But, like, real estate gets traded very infrequently, like, what's every 20 years? So where do you get the market price from? I mean, even if it's an off chain oracle? Where's the off chain oracle getting that data from? I'm definitely much more interested in crypto just facilitating those real estate transactions.

Tokenization in Pharmaceuticals

I think the ownership of it is something that might not necessarily need to live on chain. I know people are, like, representing car titles because that might be something that is more frequent than, say, a house whenever you have, like, a 30 year mortgage or versus your car that you kind of get every five to ten years. So that frequent update might be more suitable for on chain. And I know chains are experimenting with that, but I definitely think just facilitating these transactions and crypto sort of addresses that total addressable market a little bit more directly. Interesting. Yeah, that's, yeah, I would see. That's the one thing is, like, the projects I know that are utilizing, like, democratizing funding for, like, real estate, like, there isn't a proper marketplace for this yet. That I've seen.

Data and Market Integration

You know, we're kind of in that, like, equity, kind of where we have an ISPO. So, like, offering equity on chain, but, like, it's still, like, where do you liquidate these? You know, the equity, you know, there's no, like, traditional crypto, you know, market for that. I mean, too, if you were, it might actually help because real estate is actually a pretty competitive industry. But also, too, just the mechanics of real estate is tricky because all the different parties that you're working with between the seller directly, your agents as well as their agent, and then the actual sort of title transfer. So this is kind of an out there idea, but it actually hilarious to think about a marketplace that's like a zillow competitor that's directly on chain, that can actually inscribe royalties directly to agents and then facilitate all of that.

Innovative Approaches in Real Estate

Because I know whenever people meme about it, where it's like, if you're looking at Zillow and you tanked all the crypto prices, well, like, that's actually something that might be right for innovation there and adoption in the RWA space. We can. Yes. Yep. Oh, yeah, sorry. May I add something, as I didn't have the opportunity to introduce myself? We are a pharmaceutical company working on HP research. We are developing an hv therapy. So now. Awesome, awesome. Keep it going, guys. Who else wants to chime in that hasn't spoken this second? In our case, real world asset would be represented by our pharmaceuticals that we are developing.

Pharmaceutical Innovations and Tokenization

Testing. One, two, three. You guys can still hear me? Okay. On my end, innovative is talking, but I don't think you can hear. Hopefully you can. I couldn't. Yeah, I couldn't hear for some reason. Sorry if I cut you off. Keep going. I'll go right. You can hear me. I am a research scientist. I'm a virologist, and we've been the first company to bring pharmaceutical assets to the blockchain. We've been pioneering the centralized science. We basically introduced the central science in the blockchain space. Back in 2018, we issued our own token. And at that point, it's interesting because when you issue this token, basically, in my view, the token represents the tokenization of all biomedical research, which is the HP therapy that we are developing.

Real World Value and Token Utility

And a very straightforward way to connect the value of therapy to the token itself would be to have the token accepted as a means of payment to access the treatment. This way, the users owning the token own access to the medical service. So in my way, a direct utility as a means of payment is a very straightforward way to connect the real world value of a real asset to a token. Now in the pharmaceutical field, this is very straightforward as the medical service has a price. So the value is directly related to the price of the medical service. And this is very interesting as there's this speculation going on before the produce itself is released on the market. So there's very, some wild speculation on this.

Speculation and Backing Assets

But after the produce itself is released, then when you have an asset which is backed by the real world value of a service, then you will have a direct, you will have the value connect to the value of the real world asset itself. So the speculation will be much less wide. So I believe that it is very important to connect an asset to something that can back its value. Otherwise it's just gonna be very wild speculation. yeah, he's done talking. If you want to step down actually, and then come back, then we can add you, dude. And then you'd be like. Because you have some really good conversation. I do appreciate what you're saying, but.

Challenges in Crypto Adoption

Yeah, agree, then that should fix it. Yeah. If you, if you can hear me, I'm not sure if you can, if you're, if you can hear me because sometimes the audio is breaking out for me. So I'm not sure if you can hear me correctly, but the discussion is very interesting because there's assets which are very speculative. All right, guys, can you guys hear me again? Yeah, there's something odd going where some of you, I think, speak and I can't hear it, I guess. I wonder if on the recording. Yeah, I think someone stepped down. You guys step down and I can hear you.

Enterprise Integration and Distribution

Awesome. Well, hey, what I wanted to do really quick, if you guys want to do popcorn styles, we kind of, we're getting to the last leg of the space. Super awesome conversations, topics brought up. We talked about infrastructure hurdles, success factors. I think those are some major elements we haven't really touched upon. Distribution and maybe just how the importance of integrating into current applications, workflows and infrastructure is critical and key. We all know Salesforce, Microsoft, Amazon, SAP, applications, infrastructure and staple pieces in the enterprise side. Love your thoughts on just distribution integration, if those are important success factors and if you guys just want a popcorn style, just pop in and talk about some of those dimensions.

Towards Success in RWA Applications

Anything else you kind of want to talk about is fine as long as it's RWA Enterprise related. And then if you guys have any other just example, application examples that could be applicable in the short term relative to RWas being in the enterprise. So I'll just hush here. And I know we're getting to last leg, so popcorn style, guys, go for it. I mean, I guess I'll just jump on yours. Last of the Mohicans on the space. Yeah, no worries. Yeah, I just, I feel like now we're kind of like the terminology has kind of come full circle. You know, like we in our project has been building in like this RWA using physical products, whatnot.

Democratizing Funding

But like enterprise level, like centrifuge. Like having these marketplaces where you democratize funding from, you know, receiving funding from, you know, said, you know, enterprises, and then using that to pay out your, you know, your investors, you know, it's like, that's a really good sector to be in when it comes to enterprise. The funding comes from the decentralized sources and those enterprises fund said projects, and then it gets democratized on chain. So that to me is very important. And then to add to go like you're mentioning about USDT and stable coins, those are just as much as in RWA to me is because the stability, the accessibility, liquidity, these are important aspects when it comes to any commodities.

Importance of Stablecoins

Having that intermediate trade with the actual stablecoin to me is just as important, if not more important, as RWa. Yeah, and that's a good point to echo, and I'll jump back in just on the other areas that we might have not touched as much on from an enterprise side. And you named a lot of large companies, and I think that's really kind of one of the main barriers to crypto adoption is we're really good at infrastructure and we're good at creating these networks and these ways for people to access value permissionlessly. But we're not really good at user interfaces, and web two companies are actually going to excel.

Web 2.0 Adoption Challenges

And I think bring that more to the masses and to the people that are already their users, because network effects in these moats are so huge. And that's why whenever you look at these systems like Venmo, like X.com, comma, like Facebook, like Instagram, and all of these people that are willing to plug in these experiences directly to their customers and to these people that have already amassed the network effects, I think that's going to propel the use case tremendously. So I kind of alluded to it prior, just in terms of the institutional growth and adoption. But that is that web two UI and that network effect to the RWA ecosystem.

Excitement in Commodity Trading

And the area in which I'm extremely excited about is more on the commodity side. Just in terms of these kind of denominating contracts and nominating facilitations and doing this on chain and doing business in these commodities such as oil, nickel, cobalt and other things that are more sort of tangential to the economy and these things that can build our kind of downstream products and downstream consumer goods that we access. And if we could bring a lot of that supply chain directly on chain and have that represented in a way that is pretty frictionless and able to be accessible to people that want to track it and transfer it across the globe, I think that's one of the true killer use cases that's going to get us to that 16 trillion by 2030.

Regional Networks and Supply Chain

So I'd have to look more in the breakdown and see there for where a lot of the else is headed. And Anthony, what you said in some of those reports and those metrics earlier, but extremely excited on the commodity side and fingers crossed, more of that can continually get built on chain, especially around the smaller consortium like chains that may do some of it off chain, may do some of it in a smaller network and then publish on chain and solve some of those privacy concerns. Yeah, I'm interested in exactly trading these commodities. I'm looking at uranium as a huge play. Being able to access it without having, you know, some, you know, accredited, you know, position in this.

Challenges in Accessibility

You know, like a million dollars as like a us citizen to be accredited to be. But like how using these previous interfaces, like you mentioned, like having like Google Logins and, you know, apple logins or biometrics like these are important to use these, you know, these particular aspects of like accessibility from the web two space, most of it is already working. We don't want to have more difficulty in this transitional period. Technology should be a stack, not a headache, essentially. And that's the abstraction of using web three in the web two space. I think that's very important.

Permissionless Nature of Crypto

Yeah, no doubt. I think that permissionless nature, like you said, just accessing it without a lot of these strict requirements or sort of gating things that are just say, hey, I want to buy this or I want to get exposure to this. And that's kind of the one thing crypto solved so well, for better or worse. When you look at the other categories like meme coins and all of the different things that exploded is it's just become so frictionless and it's become so easy. But then how do we actually bring that to the assets that are kind of more physical and are able to be represented on chain?

Uniqueness of Energy Commodities

I know with qui, we're doing that in a unique way with energy directly or so electricity and putting that in something that is like a stable coin, which will translate to hopefully denominating in commodities and denominating in things like uranium. If the uranium prices skyrocket, how is that going to affect electricity in Germany? Or how is that going to affect sort of nuclear power plants from getting built and how we're going to be able to create cheaper energy? Or are we going to have miners that need to plug in and sort offset some of that excess energy? That's kind of the main area we look at.

Focus on Supply Chain

And having that regionally and having people being able to secure a network while doing that is some of our thought there. But yeah, I think too with the agricultural, oil and gas and other areas that are sort of more traditional, if we can find ways to make that permissionless and directly into the network, that would be huge. And you mentioned supply chain. And since I worked in the industry for like the last twelve years in logistics and supply chain, it sparked some Google searching here for me. And I see that IBM has a food trust, is what it's called, and it's basically an automated recording of transactions of all the products, the commodities, all the food moving through.

Importance of Quality Data in Logistics

And in transportation, logistics and supply chain quality data is so important because there's so many different pipelines of communication and breakdowns and all that other stuff that you can't control. So everyone having a single access point, you know, like a shared document, essentially eliminates so many different communication errors and claims disputes, all that stuff with the products and the commodities that are shipping every single day across the country and the globe. So I find that pretty interesting. I think that's a good use case for it and I think it's going to be widely adopted.

Adoption of Supply Chain Technology

I agree, but I also disagree in a little bit because IBM is a really unique sort of structure in terms of a corporation. I used to look at the Hyperledger pretty deeply in 2018 and the sort of consortiums and networks that Dustin brought up earlier, they kind of struggled and they got to this point where really that was more so the EEA, the Ethereum, Enterprise alliance and Hyperledger, three reals, Corda and a lot of other systems that were experimenting with a lot of that more direct supply chain approach. But I don't think it really works unless you can do that settlement in a public ledger and get that liquidity, get that access and get that verifiability that anyone can really look at, working at, looking at or working with.

Public Ledger Importance in Supply Chain

And so that's kind of like the thing where it's like if IBM can figure that out or do more in that way, they're kind of like they're a huge behemoth and they can kind of like an eye soron kind of point their direction in whichever way and make it happen. But I think making sure they're on chain and doing it in a way that can bring in more parties is kind of that better use case. Well, they better use Watson then, you know. Yeah, yeah, Watson is a really interesting, I mean, they, but they always have first movers.

Challenges for IBM

They always have first movers and they fall behind. Watson's been around for so long. Sorry for the IBM people in the crowd against it. No, I love that dow infrastructure aspect like that. That to me is like, most important is that if they're going to be, you know, these enterprises in our institutions, you know, working with the public sector, like, they have to have a way to democratize, you know, what that looks like. You know, it doesn't, it's not like a, you know, person that makes all the decisions.

Democratizing Decisions in Enterprises

You know, that to me is like what we have already, you know, like, but yeah, I'm in the dow infrastructure sector, like with Polkadot and stuff. So I think they have the best, you know, infrastructure in the world. So just saying small plug. But yeah, I think enterprise level is like, yeah, we definitely need to be, you know, careful what information is being provided through these like public sectors, through enterprises. You know, not everybody needs to know all the ins and outs.

Confidential Information in Enterprises

You know, there is a lot of like, you know, particular sourcing that you may not, you know, be able to have. That information is classified in some sense. So, like, you know, maybe like DoD might not use some of these infrastructures for public, like, I spoke to Department of Defense a couple years ago using blockchain. Like, you know, they're like still archaic and like Windows XP, like in their transition. But like, but yeah, they're very also interested, like how enterprises interact institutions with like public sector.

Government and Blockchain Interaction

So they're like, you know, the governments are using these things as well, but it's like you can't give up too much power for something that works already for them. You know what I mean? So that's kind of where it's at, I would say. Yeah, 100%. And I also think if you look at that adoption from an enterprise side, it's hard because I kind of said earlier, we want to cater to these web two companies, but at the same time, we have to sort of build our own institutions because all of these other things ossify, they aren't really able to adopt change.

Challenges of Change Management in Organizations

It's really hard for them to have change management processes inside of these organizations for people to adopt it. So most often than not, it's easier for a new innovator to just come and make a better product. And so I think that's kind of what the RWA ecosystem is really figuring out from enterprise side is how much do we want these legacy institutions to do it versus how much company to come and just put stable coins on chain and go across ten different networks. How much do we want that to be done by an exxonMobil for representing oil and gas, or just somebody that can oracleize that and do it directly and have futures and options and all the other things directly tied to those RWAs? That would be the thought experiment there.

The Importance of Mutual Benefit for Transition

So true. Because, yeah, they're not going to transition if it doesn't, you know, mutually benefit them in a very, like, there's a lot of compensation there. You, like, you got to be able to like, make that transition. Like the say, carbon credits are most important now because other people are realizing the value of, like, our emissions. You know, it gets put in our face, you know, it's front facing, you know, but behind the scenes, it's like no one cared into a certain point, you know, so it's like this education of like, are these technologies useful for these enterprises? You know, who's building it prior to, it's not like they're going to just jump first per people we've been working with, Sony and Toyota and Honda, they don't want to just jump into using Dao infrastructure. We've had hackathons and we've had these consortium chains now behind the scenes, but it doesn't publicly affect us yet.

The Implementation Challenges of New Technologies

But it's important that those institutions and enterprises are paying attention. But it's still like, how do they implement it and what's the best case scenario? Yeah, no doubt. Well, I think we're coming up on the hour here, so I wanted to see if Anthony host the space had any kind of closing things you wanted to wrap up here. Yeah, no, I just didn't want to insert myself. You guys are having such great conversations and adding value to this topic of RWA and enterprise. I think this is going to go on record as a really good RWA enterprise 101 for anyone on the planet that wants to get caught up to speed. So I really want to give you guys kudos and praise and. And props for.

Appreciation for Contributions to the Discussion

For really, bringing a cerebral conversation forward and bringing the narrative forward and also creating just possibilities. I think. I think, you guys are amazing and awesome. yeah, we're coming against the hour. Dustin, I don't know if you have. Have it in you, but when I found out last week this wasn't recorded. It wasn't recorded. I was like. I had one of those moments I failed and. Went back to go. I was like, aw, shit. We have it in you. I've got your traditional bob deep shook ones. Instrumental ready to go. If you got. Really? Okay.

Preparing for an Artistic Moment

And the music goes. And if you got the flow and the rhyme, you're hearing the Brooklyn and me coming off, because I'm from Brooklyn, so I'm a hip hop junkie. But no pressure. Only pressure. All the pressure. I'm a diamond. The rough. Ready for the pressure. Hard in the RWA. You guys are working hard. In web three. You got to let off some steam. So when you work hard, you get to be a little playful and be a little cute, right? So. But, Dustin, you the man. I don't know if you've got a. An MC name, but I'm going to hit go and you just jump in and hopefully you guys can hear.

Dustin's Introduction and Performance

So I go by. I go by busting Dustin. But, you know, I'm just out here. I've been rapping for years. Let's see if I get the beat. Y'all know shook. Don't get caught up like a fishing hook. Episode seven, RWA Enterprise. We got Scottie Pippen in the show. What's the go? Telling me? We kick it with the Ethereum project. Go. This is how we do it. My name is Dustin Lee. I'm out here. D story, feeling me. RWA is the place that we made. We paid the path on Discovery Channel. The seller, Opal. That's a fact.

Engagement and Impact of the RWA Environment

I'm out here getting that. A backup on the blockchain, the tech stack. This is how we do. We got a transparency, but we have to abstract the web. Three before the web. Two people to feel that. Me, I'm out here. You're doing a thing. I stay in the game. Stay in the lane, in the blockchain, in the lane. And we like, hey, this is how we doing it. Let me spit some names. Salsa Valley on the island. What's up, dude? We got Paul Raxa coming back. Innovation Healy. Yummy, buddy. What's up? You know why here calling my cuddy America coin digital cryptocurrency that's what we push.

Reflection on Digital Assets and Transparency

Seeing digital assets come back every day. Coming back on the blockchain stack, do our things in rwas and enterprises, you know, we got no surprises. That's what the transparency is. Feeling me democratizing the way we live. Coins that we get and copying them flip, and this is how I stay. Quit telling me I'm equipped. This something like name is Dustin Lee. Feeling me, I'm out here. I'm not a prodigy. I'm the number one. I'm out here. I've been out here for seven years, and I made funds from ETS and ERC 721s.

Gratitude and Closure for the Podcast

Awesome. I love it forever and ever. But we'll honor everyone that was on this podcast. Justin, you're amazing, man. And, yo, I'm gonna call Elon Musk directly if there's any hiccups in this recording, but, yeah, hopefully you get tokenize it. I don't even know what the latest web three music platform is, but that's an RWA track, and you guys buy it. Hey, shout out Dustin. I love you, man. I love you guys. All you guys kicked the conversation forward.

Acknowledgment of Contributions and Future Engagement

Props and shout outs to Alan and quiet network. Thank you for adding value, guys. Follow everyone that was a speaker. Join their game, their dap, their newsletter, their signup, even follow them on Pinterest if you're on there. So Rockstar project, thank you so much for adding value. Well, you, Andromeda, thank you so much. Dustin, of course, with D store network and, you know, shadow Mc here at nighttime or daytime.

Recognition of Networking and Innovation

Token tails, thank you for talking about the cats in the game. And you add a lot of value. Really appreciate. We were doing very fun experience, innovative bio research, and then obviously we had that showed up a couple times. Another one, physical pass mint on Polygon. Great network shares an investor in us Animoca. Really appreciate that. You guys are awesome. I think we're set.

Continued Engagement and Farewell

Come back next week. Learn more about RWA speakers. Come back. And, man, if you keep joining Dustin, you're going to have an album all for really quick, man. Yeah, yeah. See me aggregated spaces, Polygon every week. Friday 03:00 p.m. uTC. Amen. Amen. You guys heard that. And we will do that. Appreciate it. Yeah, we'll be there, guys.

Closing Thoughts and Encouragement

Thank you so much. Yeah, have a great Thursday, great rest of the weekend. Keep hustling. Hard bull markets coming. We know. We know how this works. We know what to do. Right? So let's keep. Let's keep adding value and keep building. Much love, guys. Thank you.

Final Goodbyes and Thanks

Let's do it. Thank you. Bye. Talk to my network. Has the best parties. Just saying. I made that place clap last year. Dude. It was best. Let's go and see a lot of you guys at token 2049. Guys, be safe. Safe travel. Much love, guys. Thank you. All right. Thanks to Scotty Pippen.

Excitement and Recognition

Peace. That's right. Scotty, man. We got Scotty Pippen, bro. Was good. The legend. The legend. We're legit. We're on the map. Pippin. Pippin. Let's go. The man. Oh, man. So awesome. Making my family proud here. Thanks, guys. You guys are awesome. Really appreciate everyone.

Gratitude and Appreciation

Thank you. Thank you.

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