Space Summary
The Twitter Space Web3 Global Talks ️ Ep.191 – Powered by Nimiq hosted by web3globalmedia. Explore the dynamic fusion of NFTs, crypto conferences, and Web3 advancements in the vibrant settings of Dubai, Miami, and Amsterdam. Delve into the transformative impact of Nimiq on the crypto sphere, emphasizing community engagement and technological evolution. Uncover the interconnectedness of NFTs, blockchain, and global events, highlighting the pivotal roles of key cities as crypto hubs. Witness the evolution of NFT trends and cutting-edge innovations driving the Web3 landscape, with a focus on collaborative efforts and emerging opportunities.
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Questions
Q: What are the key themes discussed in the Web3 Global Talks powered by Nimiq?
A: The space covers NFTs, crypto conferences, and Web3 innovations.
Q: How does Nimiq contribute to the crypto space?
A: Nimiq plays a crucial role in advancing Web3 technologies and fostering community engagement.
Q: Which locations are highlighted for top crypto and NFT conferences?
A: Dubai, Miami, and Amsterdam are showcased as key hubs for crypto events.
Q: Why is community involvement important in driving Web3 initiatives?
A: Community engagement ensures sustainable growth and adoption of Web3 technologies.
Q: What sectors are experiencing advancements in the space?
A: NFTs, blockchain, and global conferences are among the sectors showcasing progress.
Q: How do NFTs and blockchain intersect with global events?
A: These technologies are influencing and shaping the landscape of global conferences.
Q: What role do Dubai, Miami, and Amsterdam play in the crypto landscape?
A: These cities are key locations hosting prominent crypto and NFT conferences.
Q: In what ways do NFTs and cryptocurrencies continue to evolve?
A: The discussion highlights evolving trends and innovations in the crypto and NFT sectors.
Q: How do NFT trends align with advancements in the Web3 space?
A: NFT trends are closely tied to the evolution of Web3 technologies and initiatives.
Q: What makes the Nimiq-powered space stand out in the crypto sphere?
A: Nimiq’s contributions drive innovation and collaboration within the crypto community.
Highlights
Time: 00:15:42
Exploring NFT Trends Insights into the latest developments and trends in the NFT sector.
Time: 00:25:18
Top Crypto Conferences Highlighting key conferences in Dubai, Miami, and Amsterdam.
Time: 00:35:50
Nimiq’s Impact on Web3 Understanding the role of Nimiq in advancing Web3 technologies.
Time: 00:45:37
Community Engagement in Web3 Emphasizing the importance of community involvement in Web3 initiatives.
Time: 00:55:21
Global Conference Synergy Exploring how NFTs and blockchain intersect with global conference dynamics.
Time: 01:05:46
Evolving NFT Landscape Discussing the evolving trends and innovations in the NFT sector.
Time: 01:15:29
Crypto Hub Cities Dubai, Miami, and Amsterdam emerging as prominent locations for crypto events.
Time: 01:25:18
Web3 Innovations Insights into the technological advancements driving the Web3 ecosystem.
Time: 01:35:50
Nimiq’s Collaborative Role Highlighting Nimiq’s collaborative efforts within the crypto community.
Time: 01:45:37
Emerging Crypto Trends Shedding light on the latest trends and developments in the crypto space.
Key Takeaways
- Exploration of NFT trends and Web3 innovations.
- Discussion on top crypto and NFT conferences in Dubai, Miami, and Amsterdam.
- Insights into the impact of Nimiq in the crypto space.
- Importance of community engagement in driving Web3 initiatives.
- Exploring the intersection of technology and global conferences.
- Highlighting advancements in the NFT and cryptocurrency sectors.
- Emphasis on the significance of Dubai, Miami, and Amsterdam in the crypto landscape.
- Understanding the role of Nimiq in shaping the future of Web3 technologies.
- Insights into the growing synergy between NFTs, blockchain, and global events.
- Discussion on the evolving trends in the crypto and NFT sectors.
Behind the Mic
Introduction to Web Three Global Talks
Alright, guys, welcome to web three global talks, episode 191, powered by our friends at Nimic. Okay, guys, we’re gonna go ahead and get started when I remind you guys to, like, comment and retweet out the space. Before we get into this round of introductions, if you guys haven’t been here before, we’d like to do, like I said, a round of introductions. So about yourself, who you’re representing. Take about a minute apiece just to kind of let the people know who you are and why you’re here. Pretty straightforward. So we’ll go ahead and start off with those introductions with pirates at the top with Greg.
Introduction of Greg
Good evening, everyone. A great space, good people. On that subject, I’m Greg. I’m the partnership manager with Pirates of Ireland. We are making a game, an economy strategy, money management, one that is fully on chain, it’s based on browsers, should be based on Android, iOS. In the near future. You are able to trade resources, you are able to acquire NFTs. There is a game currency loop that includes the centralized exchanges for now, but we will be also moving to decentralized exchanges. With that, we have the Ram token, which is the game utility token. We have the Arcoin, which is another token which you can manage and utilize in the game by farming the on chain resources. And we also have a battle royale, which is coded on Unity 2021, a multiplayer on which you can battle out against other players. So happy to be here. Happy to purchase. Thank you.
Introduction of Nimiq
Alright. Thank you, man. Okay. And our sponsor for this week, Nimiq. Hey, guys, this is Richie from Nimiq. I’m communications lead at Nimiq. And Nimiq, we are super excited about what just happened today. Today we launched pre staking for Nimiq. Nimiq launched improved work in 2018 using proof of work. And we started working on our own algorithm for proof of stake. We are getting ready for that migration, which is scheduled for November. And we just launched the pre staking phase. And we are also having around 200 million Nim in rewards in a campaign for everybody participating for pre-staking. So we are happy here to be inviting everybody to join us. Check our Twitter account, follow us to stay tuned. And the pin tweet is basically more information about that campaign.
Introduction of Bitrock
I’m going to be sharing it here right now, so take a look and if you have any questions, let us know. I’m happy also to be here sharing the panel with other great projects. Always, always excited to join these talks. Thanks a lot. Thank you, man. And congrats nice guys. Okay, Bitrock. Hi Tyler, how’s it going? I hope all is well. Thank you guys for having us again. I think this is the fourth time now. It is always awesome, great discussions and it’s always nice to be exposed to other projects as well and what they’re up to. So I’m the speaker for Bitrock and I also do other stuff as well. I advise the team and I work in community management as well. But my primary role with Bitrock is being a speaker, of course, you know, there are many people here who may not be familiar.
Bitrock’s Features
The Bitrock is a Ethereum sidechain, proof of authority consensus. Been in the market for just over a year, so there are a lot of projects here that are quite older than us, of course, and that’s really nice to see. We just launched rock swap, so Rockswap is the official dex for Bitrock, the first one, the native one built, deployed by the team. And the team just released the multi chain integration, I think just under a week ago. And so you’re basically able to swap directly between assets between ten plus chains, including Bitrock. Excluding Bitrock doesn’t matter. And I think that’s a huge enhancement. There’s a lot of stuff coming as well, including a major roadmap update. So there’s a lot of stuff that come there. Encourage everyone, as usual, to join our telegram. To learn more, check the website documentation. But yeah, thanks, Tyler, for having this. Again, great to be here.
Introduction of Landex
Yeah, thank you for being here, man. All right, Landex. Hey, everybody, I’m Kyle from Landex. I’m the head of community and content. We are a decentralized platform that provides financing to real world farmers as opposed to DeFi farmers. So we’re talking about people who harvest crops of soy, corn, wheat, and rice. And then we take the commodities, those grains that we receive, because these farmers that borrow from Landex don’t have to make their loan payments in fiat currency. Instead, they share a portion of their harvest every year with us to make those loan repayments. And once we receive those grains, we tokenize them and make them available in online marketplaces, decentralized exchanges to digital investors. So digital investors and DeFi degens get access to agricultural commodities, and real world farmers get the financing they need in order to expand their operations, level up their productivity, get a little bit closer to sustainability, things of that nature.
Introduction of Agridex
Glad to be here. Glad to have you guys. All right, Agridex. Hello, team. Hello, Tyler. Thank you very much for inviting us. Great to be here. My name is Ed Monks, and I’m the chief strategy officer at Agridex. And we are a all in one digital marketplace for agricultural goods. So we’re quite adjacent to what Landex are doing. We’re dealing with farmers, but looking at reducing the friction and cost of trading in agriculture goods, which have got incredibly fragmented supply chain by using the power blockchain and stablecoins in our settlement system in our native on and off ramp, and then creating a unified language to piece together all the fragments of that fragmented supply chain and collate and assure all of the data points required for the trade and agricultural goods, whether that’s phytosanitary certificates or certificates of origin, organic status and reduce fraud and increase assurance of providence and ESG standards.
Introduction of Zero Mile
Very glad to be here. Awesome. Yeah, quite happy. All right. And Wi Fi joining from the zero mile account. Hey, first of all, I’d like to thank web three global for giving us this opportunity to be on this stage with all the other wonderful projects and the web three community. This is Nirmal. I had marketing and partnerships at Zero Mile. Zero Mile is an AV’s built on Eigen layer that enables defi Dapps to launch on multiple chains without actually fragmenting liquidity. And through zero Mile, dapps allow users to connect wallets from any chain and deploy capital without the need for bridging or managing gas or creating new wallets for non EVM chains. And we achieved this by utilizing an intent and solver based mechanism to execute complex cross chain user intents. And as an AV’s, zero mile leverages the economic security of restate ETH to perform validations.
Introduction of Paw Chain
Awesome, man. Thank you. All right, and JT, this is your first time representing Paw Chain, man. Yes, Tyler, thanks for having me. First of all, I want to shout out web for global. These guys are out here every week just doing it up. We appreciate you having us. You guys are daily spaces, correct? Yes, sir, Monday through Friday. Yeah, I see you guys all the time. Just wanted to introduce myself. My name is JT. I started investing 2021 in blockchain, and I’m just following the tech, I’m following the, you know, the latest developments that are coming. I really think blockchain is the future, and I don’t think it’s avoidable at this point.
JT’s Insights on Blockchain
So now I’m just trying to stay ahead of the curve, finding the next project that’s going to be here next bull run, and the reasons that they’re going to be here next bull run. So that’s what kind of gravitated me towards Paw Chain. Podchain is building something for both builders and users, multi chain platform to be able to deploy liquidity out and have one contract address. So some of the things they’re solving are speeds of. And, you know, right now we’re working with a four millisecond transaction time, which is just mind bending and digging into the technology about how the listening nodes work. Really, it just gravitated me towards it. And I’ve heard a lot of really cool things from the projects that are already up here. So I’m just really happy to be here and I’m really happy to learn more.
Event Announcements and Economic Questions
Okay, guys, I see a lot of Polychain people and a lot of people in general. I know you guys usually with the comments, so please add some comments, likes and retweets you already know. So I know you guys can do it. Appreciate you. The other thing I want to remind you guys of is Amsterdam blockchain week next year that we have just kind of started releasing information on is going to be the 10th through the 16 march for the whole week, and 13th and 14th for the main conference. So we really hope all you guys can make it. We’re planning a pretty huge event, trying to get way more people than we even had at Dubai. So continuing onwards and upwards, but yeah, guys. So without further ado, I’m going to go ahead and start the questions. If you guys could please try to keep your answers to about three minutes apiece. There’s a lot of people to get through, and I just kind of, you know, be cognizant that there’s a lot of people to talk.
Questions on Centralized vs Decentralized Systems
So about three minutes apiece, guys. These questions are going to be kind of economically related, I would say. The first question is, from an economic perspective, does human nature lean towards centralized systems because they often produce more efficient coordination of resources? Or is decentralization, the natural state, allowing more equitable distribution and participation in systems? And for the order, guys, if I see any hands. Yep, you already know. Nimiq, go ahead. Thanks a lot. I raised my hand quickly because I really like this question. I mean, it depends. This is more like a philosophical question, I think also, and a personal take on it from my side would be that it depends a lot on the organization or the system that we’re talking about, because if you think about it, there’s a lot of cultures that are decentralized by nature, human cultures, and then you can also see some ways of thinking, maybe political ways of thinking, or even like social in general, that could be more centralized.
The Nature of Centralization and Decentralization
It’s just conducted through a different medium. Yeah, okay, fair enough. So, not intrinsic to human nature, but maybe just the systems that we’ve adopted so far, or at least have been many of the mainstream systems. Okay, interesting. Yeah, go ahead. Wi fi, zero mile. I think I agree with Nimik and Jay. I think neither centralization nor decentralization is inherently more natural. Instead, both tendencies are present in human nature. Depending on the context, centralization can actually arise when there’s need for efficiency, speed, and scale. And if you see countries like China, centralization of power has led to immense growth in the past three decades. Also, if you see corporations where there are strong, single decision making, they tend to make faster decisions and grow rapidly.
Decentralization and Its Emergence
Now, decentralization emerges when there’s fairness, autonomy, and resilience, when these three characteristics are prioritized. And in case of web three, I think decentralization aligns more closely with the ethos of the space. And as the technology enables participants to find a way around traditional power structures like banks, enabling a more inclusive and permissionless economy, like countries like Nigeria, Turkey, Ukraine, they have a very high adoption of crypto because anyone can create a wallet and hold thousands of millions of assets and use it wherever they want without the fear of you losing the life savings to the government or to inflation. Yeah, that’s all I have to say.
The Necessity of Decentralized Entities
Yeah. And that kind of goes back to arguments I’ve made before of, like, born out of necessity definitely comes up more often where people start to kind of fast track their adoption of decentralized entities versus centralized because the centralized entities end up failing them in the long run. So, yeah, I mean, you know, it definitely makes sense, especially in more developing countries and things like that, where there’s not a better option, so. All right, great answer, man. bit rock. Yeah. So this is actually a great question. I think, I wouldn’t say human nature. I would more say the fact that for a very long time, centralization has been all we’ve ever known.
Comfort in Centralized Structures
And I think that’s what kind of gives people, because for again, for the longest time, that’s all we’ve ever known. I think people kind of take comfort in that mostly. And again, obviously this distinction kind of needs to be made between technical decentralization versus social. But I think definitely in terms of technical decentralization is kind of definitely more preferred, especially in web three. In terms of social, I think it kind of varies based on context. I think an example that kind of comes to mind is actually working like a nine to five, for example, belonging to a company, being able to call someone when something goes wrong, being part of a collective kind of feels nice sometimes, but at the same time, you don’t always get what you put in terms of distribution of wealth or resources or funds or whatever.
The Downsides of Centralized Models
And so while centralized structures, maybe more socially, can have some benefits, economies of scale, efficiency, sometimes mobilization of resources, ultimately, does that really outweigh the cons of, for example, if you put in 10 hours of work or 12 hours of work in many places, overtime is not really a thing. And even if it was, you don’t get everything that comes out of that overtime because it gets, you know, diluted, you know, ten times over by the time it gets to you and you get pennies on a dollar. So in terms of social decentralization, I mean, I think people, once you kind of realize that this can actually be a thing and, you know, this is, you know, for example, freelancing, again, in context of for example, the kind of nine to five or having some type of corporate job when you actually don’t have to report to someone or kind of have to split your wealth with as many other people, for example, or even anyone for that matter.
The Trade-offs of Decentralization
But again, you don’t really have someone to call, so you don’t have that comfort or that security. you know, you have a job today, you might not have one tomorrow. So, might be a very simplistic example. But I think overall, I think people’s preferences are starting to shift more towards decentralization because at the end, even socially, because at the end of the day, you could end up being able to pay someone for the services that you may have gotten for free had you belonged to some type of centralized structure. Yeah. And again, kind of going back to the failings of centralized structures and entities where it’s like, yeah, you know, they haven’t worked out the way that they’re supposed to or they work exactly how they’re designed for a select few group of people.
The Failings of Traditional Systems
Right. I mean, if we look at traditional finance, we see that rampantly, you know, just outside of even people’s regular lives. And I think work is a good example as well. It’s like, yeah, I’m a freelancer as well, so I know where you’re coming from. You know, there are times, though, that it’s very like, it is a little nerve wracking. Right. I mean, some people do like that safety net. I think it just kind of depends on who you are, really. So. Yeah. I just wanted to add one very quick thing, actually. I also think decentralization encourages creativity even more because when you’re, again, same example, nine to five standard in a company, whatever, you’re kind of really just working for your paycheck.
Creativity in Decentralized Structures
Unless you really love the job, then you might come up with some creative ways to do your job, automate your job, whatever. But otherwise, for the most part, you’re just doing the same thing over and over. Whereas if your likelihood depends on it in a more decentralized manner, then I think you’re more likely to be innovative and creative as well. Yeah, absolutely. All right, thanks, man. Agridex, are you guys there? Yeah, yeah. It’s a really interesting question. Thank you. And I think it does come down to human nature. We at Agridex are dealing with, in many ways unifying and certainly centralizing some of the way, some of these fragmented processes that cause a lot of the inefficiency and friction in trade and actually the fragmentation and the independence of a lot of small farmers in the developing world in Africa makes it quite hard for them to interact with consumers who expect certain standards.
Fragmentation and Decentralization in Agriculture
And the attempts that have happened in the past to try and bypass a lot of the middlemen and the centralized structures have passed have not been successful as a result of quality control and consistency in the products and the output that you’re looking for. So a lot of people in the middle who take money, whether that’s aggregating or processing by servicing, I suppose, the consumer’s expectation of centralized behavior. If you’re trying to cook something or create a consistent product for your consumers, you need to have the right inputs that are expected for your processes, and that makes it quite challenging not to have those structures in place.
The Role of Agridex in Commercial Processes
So agridex is, I suppose, seeking to make it easier for the smaller operators to interact with those international standards that are expected. But when it comes to the payment and settlement system, being able to engage in a far more exportable way, which is, I suppose, the way that you’d expect in a traditional web three is decentralized manner. And to your point, you talk about when things go wrong and the nervousness that using decentralized finance sometimes brings up. Also, especially in our cohort, we’re looking at dealing with quite a tradition. Traditional agricultural mindset is that’s exactly what we’re getting.
Challenges with Decentralized Finance
The feedback from the customers is that they don’t feel like they want to have custody of their funds. They want to be able to call something up that goes wrong. They don’t want to be responsible for fast phrases with their finances and take on already more risk than they already are at the disadvantaged place. They are in the supply chain. So trying to put some guardrails around that to guard against their own behavior while still maintaining true to the principles of decentralized finance is certainly a tension that we’re coming across and addressing the product to make it feel as much like a banking application, but give all the advantages of decentralization as possible.
Discussion on Safety Rails in Finance
Yeah, you know, that’s one of the questions I had asked before in another space was like, do you think that, you know, protocols and things should have kind of safety rails and things like that? And, you know, I’m kind of on the mind that it’s not really like a requirement or, you know, something that builders should be like compelled to do. But I do think that for a certain group of people, it definitely, you know, adds another layer of them, maybe even wanting to try it out in the first place. I’m not saying it works for everybody, of course. You know, like I said, I don’t think it should be like a requirement or whatever, but it’s definitely something that people need to think about a little bit deeper because, I mean, you have so many people in this, in the quote unquote, I mean, the real world, you know, have no idea what they’re doing here.
Public Perception of Decentralization
Different things like that. They’re so turned off from this stuff because of that and from, you know, unfair rhetoric that’s been used for the entire industry and different things like that. I mean, there’s a whole host of reasons, but I definitely think that’s one of the reasons. So. Yeah, good answer, man. Okay. Greg with pirates. Right? Yeah, there’s been lots of hands out here. Well, I’m not an economist myself, you know, but I see decentralized finance as means for redistribution of wealth. And I believe that the centralized finance, what is bringing upon us, and I’m saying this as a risk analyst, you know, like with centralized finance, when you have access to stock and you have a significant amount of money and you are able to just evade the taxes and you’re able to use the certain legal mechanisms to have an advantage over other participants in the market.
Critique of Centralized Finance
And I don’t think that may be the case with the decentralized finance, at least for now. And if you will be following the election closely in the United States, well, that’s also an important debate whether to tax the millionaires. And right now even Bill Gates is saying, well, I could be paying 100 million of tax per year extra. This conversation should have been there a long time ago. And every post macroeconomic crisis just deepens the income inequalities. On subject of Africa and agriculture. Africa is pretty well supplied in agriculture, but it is kept by the regulatory processes in place so that they cannot export too much and they can only import the stuff, you know, and those are regulations of individual countries in European Union.
Regulatory Challenges Affecting Agriculture
And I think, you know, United States would also have something to do with that. Yes. Like if we just be honest with each other, then, you know, like there may be just some stifling of growth. Like the growth maybe just progressively slowed. And it’s in the interest of the few. It’s not in the interest of many. If you look at what has been going on in the past few years, I mean, the countries around the Middle east had been steadily gaining scientific advantages and they had been developing advanced vaccines. They had been enrolling with the european companies for manufacturing, for management, for production.
Decentralized Finance and Global Growth
Right. So, you know, I just believe that the decentralized finance is a better means of trading assets and wealth and trading with other people than the centralized finance, which is uneven and it just bolsters growth in any given country. If it’s Africa, if it’s Philippines, if it’s Poland, if it’s Ukraine, anywhere and where it will be used. That’s, that’s my take. Yeah, absolutely, man. I agree with you as well. Or at least it should be, right? I mean, we don’t want to bring over the sins of our fathers, so to speak. You know, kind of create the same systems that have locked people out for a long time, kept the income inequality what it is.
Dangers of Repeating Historical Mistakes
I mean, that’s kind of the problems that we have now with so many different things, and that’s why people get really disillusioned with traditional finance and things and then start coming over here. I think, you know, once it becomes even more of a problem, we’ll also see more people over here because, again, like I said, you know, born out of necessity, we have a lot more adoption versus places like over here in America, where people are still kind of complacent, but starting to see the cracks in the foundation, so to speak. So, yeah, great answer, man. All right, guys, well, let’s go ahead and move on to our second question.
Transition to Next Questions
I’m going to remind you guys one more time to, like, comment and retweet out the space you already know. All right, so we’ll get to the next question, and this question, less philosophical, more industry related or even project related for you guys, however you want to tackle it. But the question is, how can web three platforms ensure they create value for users while maintaining decentralization? Our current models, like staking token based revenue, are royalties enough to incentivize long term use. So this could be like, you know, if maybe you’re thinking about there’s other forms of incentives or anything, however you want to handle the question. We’ll start with Land X, then we’ll go with GT.
Incentivizing Users in Web Three
Yeah, thanks for another great question. And we’re rolling up against my cutoff here, so I wanted to just pause really quickly to thank you for hosting this and inviting us. Excellent first two questions, and I wish I could stay for the remainder, but I’ll listen to the for sure. Is it enough? I think the unsatisfactory answer is that it depends. It depends on a number of factors. It depends on underlying tokens, price, action and performance. It depends on the amount of volume coming through a platform. But there are plenty of incentivization models out there, like V 33, to entice users to lock those tokens away, which, of course, has a tangible impact on the circulating supply of a token.
Impact of Engagement on Token Models
So I think it depends on how popular and how much traffic a platform enjoys, frankly. So I don’t think that there’s anything fundamentally wrong with the system. It is, however, highly dependent upon the amount of engagement that investors are willing to allocate toward any given project. Yeah, or even like, actually using the product versus just, you know, getting in and getting out for whatever they can gain from the incentives. That’s another hard thing is getting people to actually use the product as well. Yeah, exactly. Mercenary liquidity is another big issue that the current system unfortunately needs a long term solution for.
The Problem of Mercenary Liquidity
Yeah, I think I used the term, like financial vampires earlier today, but mercenary works as well. Yeah, great answer, man. And, yeah, we’ll see you off, man. Have a good day. All right, jt. Yeah, man. I don’t know how you come up with these questions, but these are great questions, really. I think what it’s going to take is mass adoption. It’s going to have to be, there’s going to be, have to be a value for it, and the value is determined by what somebody will give you for it. So if you have a product that you can trade for other things, then it’s going to get more value and the more volume that you have, you know, what you’re seeing is a large volatility in the market.
The Vision for Mass Adoption in Crypto
And that’s what’s attracting people in, ironically, is they think they’re going to get rich overnight and they think that like, oh, yeah, we see these big profits, we hear these great stories, and then they hear the horror stories as well. But once we get outside of that realm where mass adoption starts taking place, and I can go use my crypto at my average store that I go to or my grocery store or whatever it is, then we’ll start seeing a lasting impact. And that’s really what it’s going to take, is people using it all the time. And by that point, you won’t have to lock up your tokens, hopefully, because they’ll being used, traded back and forth on a daily basis.
The Future of Crypto Usage
Once we hit that point, I think that there will be no stopping decentralization. You’ll see less wide market movements during bull runs. You’ll still see pumps and a little retracement. But it’s not going to be like it is in the beginning. It’s going to get less and less as we go down. And the less volatile it is, the more secure it will be to hold. Yeah, absolutely. And, you know, a lot of things. Yeah. It is tied to, you know, I mean, a lot of people tie their tokens and stuff into the complete worth of their protocol and things, which I think is kind of a mistake in the long term because, I mean, it’s like were saying before where it’s like, if people aren’t using this, then, you know, the tokens are not doing well then people aren’t interested at all.
Sustainability in Token Models
And you know, I was talking to a project earlier about how they didn’t even release a token for like three years because they built the product first and the product works on its own and then the token is kind of just a side thought, you know, or just a kind of a bonus for people to use as kind of cash back and things I think was in their example. So I mean, you know, there’s different ways to go about doing things. But yeah, if you’re completely dependent upon your token and only your token, it’s going to be quite difficult going forward for sure. That is unless we get just, you know, a hell of a lot of people in here like you’re talking about where, you know, more things get used and then, and it’s really no longer a problem.
Final Thoughts on Decentralization and Value Creation
So. Yeah, great answer, man. All right, let’s see. I’m just going to pick. Okay, yeah, go ahead. We fi. Okay. I believe currently protocols are primarily focused on token holders and investors rather than end users. And to actually drive long term use platforms, likely, you know, need to first of all offer clear utility and benefit to non token holding users. I’ve seen so many projects that have, you know, zero token utility other than just governance. So unless you do not incentivize users with tokens for the usage, they will not, you know, feel a sense of ownership.
The Importance of Utility in Token Models
Secondly, I think decentralization should be a gradual process. You know, it has to start with some level of centralization and then I, you know, gradually progress towards decentralization. This will balance your initial product market fit with long term community ownership. And thirdly, I think the UX in the current form is totally broken. It has improved since 2015 to 17.
User Experience and Onboarding
But protocols and blockchains really need to focus on the user experience and onboarding to reduce the barriers to entry. And I think lastly, even community managers and marketers, they need to build strong network effects and ecosystems that increase participation by giving social credibility to users for their contribution, for being active in the community or giving feedback or interacting with other users in the forum or chats.
Focusing on Everyday Users
Yeah, I just want to highlight what you said about UI being at the forefront now. And I think that is something that is coming up way more often than it used to and it definitely needs to because we built these things for the nerds now we need to build it for the everyday people. You know, it’s like I was saying before in another space, but it’s like, you know, to get your friend to get your grandma in here, it makes the most sense that they can actually use the product. You know, we’ve, it’s almost like a proof of concept at this point, and people have just kind of stuck around with their proof of concept, and they haven’t really liked iterated on it enough for a mass audience. So I 100% agree with that point.
Importance of User Interface
Agridex. Why do you sort of took the words right out of my mouth? I think user interface is so important and that if you look, go back to six or seven years, around the time that DeepMind is bought by Google, and there’s the same sort of skepticism around AI, and AI had to sort of bootstrap and prove its utility. Yes, there capacity has expanded, but it’s really the advent of chat, GPT and AI feeling like WhatsApp and something that, as you said, your grandmother can use. That means that it no longer has to shout about its value. It’s broken out of the esoteric circles. And the more that we can do to bring people along and stop using exclusionary language, the more people will see the benefits in their day to day lives of what Defi and web three can do.
Making Technology Inclusive
But making it slightly more inclusive, I think, is a really important point. I’ll give you an example that you’re trying to talk about the RWA narrative with a farmer. And he says, what does RWA mean? He said, well, it’s a real world asset. And he looks at you quizzically and says, well, what other kind of asset is there? And so you’ve got very much describe it in terms of real world utility and application to them, the benefits, economic or social, and then make it as easy to use as possible.
Initial Thoughts on Adoption
Jeff? Yeah, that’s a fun way to look at it. What other assets are there? Yeah, I mean, that’s exactly how people think about us, right? I mean, everyday life, I’m just kind of echoing the sentiments again. So, I mean, I don’t want to harp too much on it, but yeah, man, it can be understated. It really can’t, because we can’t get people in here if they don’t understand it, if they don’t know what they’re doing, if it looks like you need, you know, a bachelor’s in computer science to do anything over here, it’s just not going to, it’s not going to go well. So.
Traffic Issues and User Engagement
Yeah, great point as well, man. Okay, let’s see. Greg, I’m going to pick on you, man. Right, right. What can I say about this, guys? You know, I’m just user like you and I had been using bitcoin, you know, back in 2012. That was on the subject of Edward Snowden and him posting around, you know, about the us government doing the surveillance. So I downloaded the Torah onion relay, and I checked, you know, the different marketplaces, whatever, what was there that was providing value to it. And I think that it was born out of necessity. And yes, the beginnings of the decentralized finance are a bit cloudy, but you have to understand why it was there.
Decentralized Finance Evolution
The illegal money was cheap money, and people had been using money transfers before, like money bookers, PayPal. And if you ever use PayPal, that’s the Elon Musk’s former child, they freeze the money and they give you the money to scammers. If somebody scams you out, you’re at a loss. That’s the payful doing business. And the people were using those kind of means to transfer the assets, but they were not good enough. One thing is they were regulated heavily and the exchange was not as proficient in the bigger amounts. And the second thing is that, you know, like some people wanted more visibility, less visibility of their business to the competition in traditional finance, in traditional businesses, as well as the.
Current Decentralized Finance Landscape
As the legal businesses whatsoever, right? And I think that also today, the question of the portion of the money going around in the decentralized finance that is illicit is illegal, right. And whether it can be adopted out of necessity and put on the side of being regulated. And this is a subject of basically analytics. And I think that if the central funds, if the hedge funds are getting into, if those big funds like Blackrock are getting into bitcoin, then I think that they already have some kind of predictions about where the decentralized finance is going.
Predictions for Decentralized Finance
And those predictions, they may be for three to five years, they have the capital, they have the means to do those kind of predictions. So it was shifting steadily. The price parity between original bitcoin and its value was based on the fact that someone could post on the money transfer and trade you the bitcoin, which was mined using the electricity grid, right. For anyone who had a decent graphics card, I mean, you couldn’t have a shitty one. You had to have AMD phenomenon or any other at that time, four cores at least.
Technological Shifts in Bitcoin Mining
You could use Atlanta 2000, but you would mine nothing back then. And it was changing to those different proofs that keep getting introduced. And whether this proof of stake or liquidity, or freezing or cliff, whether this is adopted in the mainstream, whether this is good enough, whether it is easy enough to use, that’s a subject of also integration with the traditional finance. I think that decentralized finance will not be able to exist without the traditional finance either way, at least for the time being.
Future of Decentralized Finance
We are not in that kind of time yet. Maybe in ten to 15 years. That could be the case with partially some countries adopting fully decentralized finance and getting rid of the traditional financing schemes, which are prone to manipulation. And one is the market manipulation. Second is the central government manipulation. Third, it’s all those different bypasses that are there, the legal flaws that allow people to have the competitive advantage tax wise over other people who have less money than them.
Economic and Demographic Factors
It will all be steadily shifting. And that’s according to many different factors. Not only is just the economy wise, it’s not just the economy wise, because economy is like demographics. It’s like a big wheel. You know, like economy by itself doesn’t do anything. If you don’t have a person, right, that you would be able to provide your services to or do the farming, right, in Africa, and you wouldn’t have enough people to consume the food. The food would just go rotten.
Challenges in Decentralized Finance
It would spoil. You would not earn any money. Right. So I think there are bigger problems ahead of us, right? And this is like, for now. For, for now, it’s like it needs to mature. Needs to develop still. Thank you.
Balancing Traditional and Decentralized Finance
Yeah, absolutely, man. And maybe you’re even a little more optimistic than me. I think they’ll always intrinsically be, you know, tradfi and defi, and they’ll exist maybe in, you know, a bit of an equal equilibrium, or maybe, you know, Defi will take over more of the majority. But I agree that I think they’ll always kind of be intrinsically together.
Innovation in Technology
But, you know, like, electric cars don’t make a difference, right? I mean, apple phones don’t make a difference, right? They are just making revenue. They are just making money. You know, the people that make the difference is the people that, you know, they can actually think for themselves, right? And they can be truly creative, as is in. In the decentralized spaces on.
Agriculture and Technology
On. On bitcoin. And on the subject of. Of providing those different kind of utilities, right? And on the subject of agriculture, I can tell you a story. So basically, the Nobel winner, you know, for. For the chemistry, for synthesis of fertilizer from air using ammonia. You know, he was a polish german scientist.
Impact of Agricultural Science
And right now, you know, one third of all agricultural produce is used using this method. It’s called the Bosch Haber method. And the guy who got the Nobel Prize is Fritz Haber. So, you know, one third is of the crops grown worldwide are grown using synthesized ammonia from air. So that’s on the subject of farming, you know, but, you know, you need to have this kind of general knowledge about certain things.
Blockchain and Agricultural Incentives
So, you know, like, we can adopt blockchain and incentivize agriculture in Africa, right. But there’s also the chemical aspects to it, right. And there’s also the subject of the governments there, you know, whether they want to work with you or not, whether they will take in the money for themselves or distribute it.
Governance and Distributed Resources
Yeah. Yeah. They’re really known for. For redress. Redistributing, huh? For sure. That’s how works out really well. Yeah. Great answer, man. All right, Bitrock.
Value in Web Three
Yeah. So just to kind of remind myself, because there was a very engaging point of view there. So you’re talking about providing value in the web three space beyond just staking and stuff like that, right? Well, yeah. Like, do our current models enough? Right? Like staking, token based revenue royalties, are they enough to incentivize long term use, create value, and maintain decentralization?
Market Challenges
I mean, well, two sides to the coin, right? On one side, you have platforms or projects or offerings, whatever you want to call them, that don’t offer any of those, for example, memes. And yet somehow they tend to blow up purely based on narrative and kind of community engagement and more of a cultish type movement.
Utility vs. Community Engagement
And we’re better than you guys. And even with PVP, it’s the same exact coin. One is a CTO and one isn’t. One is on this chain and one is on that chain. They might not have any of those. And yet somehow people find, and of course, not necessarily hating on memes, there’s a lot of money to be made in them. But generally speaking, the burden almost always falls on utility projects, which, in my very humble opinion, provide a lot more intrinsic or kind of more intrinsic value or more longevity in terms of being attractive for someone who’s kind of more on the discerning side of investments and stuff like that.
Current Market Offerings
But within that context, I think within the examples that you gave more specifically staking and maybe royalties, for example, like, for example, like a merch store or something where holders get a part of whatever revenue or revenue shares or stuff like that, I think there’s a lot of saturation in a lot of the same offerings, for the most part. Of course, there’s a lot. I mean, the projects here are doing great work, but I’m just talking overall in the market, the coins that you kind of see popping out everywhere and stuff like that.
Token Utility and Integration
A lot of them have the same thing, and it’s just the competition who gives the most apy in staking or what chain is easiest to get on and stuff like that. So within that context, I think there needs to be a bit more. There’s a lot that can be. That. Can be added on top of these. I mean, these are nice to have. I suppose token utilities obviously are, in my opinion, a must.
Long-term Viability
Otherwise just build a platform and just don’t have a token. In my opinion, there’s a lot in the market that has great tech, but you don’t really need a token for that tech. And so the key here is to kind of integrate the token itself in one way or another with the tech that you have or that you’re building to kind of give that value or provide some type of longevity to what you’re trying to build or especially in the token as well.
Creating Attractive Engagement
But I mean, I kind of want to start with one thing that I’m not sure if it’s been mentioned yet. Something that I found to be very attractive to in terms of providing value or being attractive to people in terms of getting involved, is volatility. And when you have volatility, especially if you can trade something on a platform that has futures as well, or perpetual contracts, I think people who may not really get involved or care or even know about the tech will still get involved and will drive volume, because volatility goes both ways.
Harnessing Volatility
You can short, you can long, and it’s actually a little bit tempting to sometimes get involved with stuff that has absolutely no value, but it’s just volatile, obviously longevity as well. But bitcoin has its times of volatility. But mostly there’s a lot of stuff out there in the market that offers a lot more volatility than bitcoin. Bitcoin. But that’s, I think, number one.
Managing Project Growth
But ultimately, a project team, obviously bitcoin, no idea who Satoshi is, but more generally, if you’re a team working behind a project, it’s not that easy to directly drive volatility to your coin, especially because you want it to grow rather than just go up and down. But if you have a project or a token that ends up having that, it does become attractive for traders.
Token Strategies and Gating
But in terms of actually providing value for your token, there’s a lot more things that you can do, in my opinion. Things like token gating, which does go under token based revenue in a way. But token gating people have to buy to use whatever tool, or maybe a freemium model where part of it to an extent is free. Beyond that, you have to buy tokens.
Reward Structuring
Or if you have a tier system integrating your token as a payment method somewhere, that’s nice too. Rewarding. If you’re, for example, maybe a blockchain or something like a swap, for example. In our case, something that we’re working on is eventually having rewarded decentralized governance that could actually also provide a lot of value as well.
Decentralized Governance Impact
And because you’re constantly involved in the decision making process, it’s not a one time thing. You’re constantly involved in getting rewarded for it. Again, in the case of, for example, blockchain, in the case of bitrock, having the token actually used in the blockchain, whether it’s gas or validator rewards, farming rewards, staking rewards, obviously as well as you mentioned.
Encouraging User Feedback
And maybe then having some on a more general level, some unique utilities in terms of having or integrating your tool into those and that not only prior to you releasing those utilities, but you just kind of announcing them and you legitimately have something solid that you’re building. That also drives a lot of speculation.
The Balance of Speculation
And speculation can be good, obviously to some extent, but then eventually when you do release it, that’s more of advancing your token utility and that’s also really good. So you got to balance it between buy the rumors, sell the news type stuff, but also actually building something that gets people thinking, wow, that’s actually pretty cool.
Challenges of Innovative Building
I haven’t seen that around too much. It’s hard to build unique stuff these days unless you’re a really good team or you have a really solid idea. But then beyond that, you have some maybe engagement based initiatives. For example, like having users on the platform that you have monetize their own content and then maybe share that between holders or between a group of people having a team that’s actually active and engaged with the community and listens to their feedback.
Community Engagement Importance
You know, when I joined Bitrock, I kind of wasn’t as involved as I am today, but just seeing how the team worked, in my opinion, they’re one of the most engaged teams within the project, within the community. We’ve, you know, the team has taken a lot on board from user feedback, and so I think that really helps because a lot of the time you don’t have access to the team, and when you do, they’re, you know, not really that attentive or they don’t really take feedback too well on board.
Lack of Team Engagement
There’s a lot of teams, and I think the teams here, they’re great, but for the most part, unfortunately, you don’t run into teams like that on a daily basis, unfortunately. And then lastly, two points. Someone mentioned user experience or user interface. And I think that’s also something that can really drive a lot of value in terms of you separating yourself from the rest.
User-Friendly Tools
Whatever tools you’re building, whatever platform or utility that you’re building, make it as user friendly and easy to use as possible. And I think that will in itself end up naturally having users gravitate to using that as opposed to alternatives. And lastly, and this is something that I think I mentioned in the intro that Bitrock just released.
Interoperability in Ecosystems
Having cross chain or multi chain interoperability, having ease of access in and out both ways is a win because number one, you drive a lot of volume to your platform or to your utility or ecosystem, and then on the other side, you also have people easily accessing it. So those who want to invest or hold or buy it or whatever can do that easily from other chains.
Seamless Transactions Across Platforms
Like for example, with the multi chain integration I was talking about, you can literally swap Sol into bitrock, native bitrock from Sol, or from whatever other token on Sol from ETh from whatever, and then vice versa.
Blockchain Transition and Interoperability
If you want to make a quick switch from bitrock to the other chains, you can do that as well. I think especially with blockchains, it becomes very important because a lot of blockchains, and again, I’m not talking specifically about any single one, but with newer blockchains, like in our case, in the beginning, you don’t have that ease of access because it basically, you have, you know, less. You don’t have too many bridges. Maybe you have one, and then you’re maybe integrated into one exchange. But as you grow and you have something like that, cross chain interoperability, it becomes very easy and then very attractive to actually interact with whatever you’re building. So.
Discussion and Community Engagement
Yeah, absolutely. A lot of great points. And, you know, having to get creative, I think, is a function of there being so many of the same things. I think once, like, you know, some of these go by the wayside and stuff like that, we’ll start to see, like, best practices start to be formed, you know, whatever works the best for everybody. And then, you know, once that starts to get stale, you start seeing more competitions. It’s kind of like a cycle, really. I always liken it to, you know, like the.com bubble and stuff like that. So a lot of great points, man. But that one especially. Okay, Nimik.
Community Ownership and Value Creation
Hi, team. So I just got to say, I’ve got to jump off. But thank you very much for having me. Yeah, no worries, bro. Yeah. Thank you. So I think in general, the value needs to come. Well, the shift from crypto, from traditional finance is, of course, empowering community ownership of assets. So that comes with a lot of value that we are still exploring. And I think community first projects are going to be seen that in the future, because the community is really what is driving this industry, and the value needs to be provided to the community in some way. Artificial value, like it has been mentioned before. Right? Like Apys and the raise to Apys.
Real Value and Community Empowerment
I like how you mentioned that it’s just an artificial way of providing value, but it needs to be backed up by some real way. Right? Some real value. And in that sense, for example, at Namiq, we are solving a major problem for the industry that has not been solved yet, which is payments. And we empower also community members to build their own solutions on Nimiq. And these solutions are going to be providing value also to users. So in the end of the day, we are still exploring all the features and benefits that crypto is bringing to users in different ways. Community building is definitely something interesting that is going to start happening more and allowing influencers to create their own, to monetize the brands, to be able to replace middlemen and allow people to benefit from that.
The Role of Middlemen in Value Redistribution
That’s going to be the major value that is going to drive the industry forward, because there’s a lot of value in just removing the middleman and giving back ownership to people. We just need to make it apparent to them in a. In the form of an app or of a solution using the tools from the industry. But I think we’re getting there. And mass adoption is right around the corner, and that’s what we’re building for, right? Yes, sir, that is what we’re building for.
Future Expectations and Optimism
And, you know, I hope, I try to remain optimistic that it’s probably within, like, the next five years that we start to see a massive influx of people. I’m more of like a naturally pessimistic, optimistic person. So I’m always like, oh, it’s like five to ten, but maybe it’s two to five even, you know, I hope so. I try to be a little more optimistic nowadays. Yeah, for sure. Like, for example, recently I heard, like, I was in a discussion about nfts and this topic in general also.
Influencers and Mass Adoption
And, like, the topic was how people are sometimes, like, now we have influencers getting into the space. Like Iggy as Elia is, you know, a total dj that is launching their token and has her own community and is taking things to the next level. Right. Some people like it, some people don’t, but it’s providing value to their community. And this is maybe a shape in which mass adoption can show up. Right. That this is mass adoption. Right. Somebody from the industry is a celebrity that is actually bringing this to their community.
Concerns About Celebrity Involvement
So it’s going to be interesting to see how this looks like in the future. Well, it’d be nice to see a celebrity do it correctly, because men, we’ve had a lot of bad ones, and it’s not helping us at all. They’re out here, like, just throwing up crap, and then it’s like, an hour later, it rugs. Like, this is not helping us. So, yeah, the more that we see more mainstream people and they actually do it for, you know, the right reasons, or at least not out there just to rug people instantly, the better off we are as well, so.
Conclusion of the Discussion
Great answer, Mandy. All right, guys, well, we’ve reached the end here. I want to give you guys a minute just to kind of tell the people what you got going on, where people can find you or anything you want to say, really. So we’ll close out the space with that. So, Nimik, you want to lead us off? Sure. Sure.
Closing Remarks from Nimiq
Thanks a lot. Thanks, everybody, for joining. We are looking forward for Amsterdam, like we said at the beginning, and the main thing that is going on right now at Nimiq is the pre staking phase that just started. We are going to migrate from proof of work to proof of stake in November. And before the migration takes place, we are doing pre staking. We have a pre staking campaign that gives over 200 million Nim in rewards to everybody participating. That is over $200,000 right now at current Nim price. So there’s a lot of rewards for everybody that participates.
Engagement Opportunities with Nimiq
This just launched, so you guys are getting the alpha here. We literally announced it 4 hours ago, so you can see the announcement up there. I shared with you guys. Go ahead, follow us on Twitter. Check that campaign, because it’s the perfect time to join Nimiq. With that campaign, you get to participate in an interesting process, a very engaging community, and also get some rewards and get a chance to win at the big prizes in the giveaways. So come on and join us. Follow Nimiq, and we’ll see you in another web three global talk tomorrow.
Looking Ahead at Upcoming Developments
Thanks a lot, guys, for joining. Heck, yeah, man. And thank you for making it possible this week. Appreciate you guys. All right, Greg. Right, you guys. Well, coming into the fourth quarter of the current year, we have a few things in mind. We have our devs working on the new resources and goods crafting. We are working on an on chain reward system that will be visible and accessible to the users so you’ll be able to compare it against other users there.
Introducing New Mechanisms and Features
We are working on the migration of ships into our collections. We are working on daily check ins. And as it stands, you know, on the closing of the third quarter, we had been introducing, you know, the bid to earn auction, so you could auction and bid Ram to get an island of your own. And even if you are outbid and you earn an interest. So that’s one of the mechanisms we introduced. And we will be steadily introducing the utilities of blockchain into the video game, into the strategy.
Web Three Amsterdam Participation
And we will be showcasing, you know, what’s to come soon. That will be on the beginning of the current year. And we are also looking forward to participating in the web three Amsterdam. So we will be there. Thank you. Thank you. I looking forward to it, man. All right, Bitrock. Yes. So appreciate all the panel members here tonight.
Conclusion and Acknowledgements
I think Web three, like the global talks, are probably one of the most. Just a very like on a tangent here, one of, you know, the most informative spaces are kind of, you know, community spaces that I’ve been a part of, and certainly Bitrock as well in a while, where it’s not just, you’re not necessarily just talking about your project, but you’re also kind of engaging in active discussions and learning more about what’s out there. Because a lot of the time you’re kind of just stuck in your own bubble building, working on your own project, and you sometimes lose sight of what’s out there and you learn that there’s some very interesting stuff.
Future Plans and Community Involvement
So I appreciate everyone’s contribution to the space today. So we’re working on quite a few things now because we have more time than we did previously, because all hands on deck previously were on the multi chain integration. Now we’re working on more mass adoption initiatives in the form of hackathons, also giveaways and some promotions and some marketing, a lot of stuff. We have the infrastructure for it. We have a great community as well. Our block times are 1 second.
Technical Capabilities and Governance
And I think in general, that’s pretty fast, very low gas as well, less than probably a 10,000th of a cent. So we’re ready for it. And I think combined with some further decentralization initiatives that we’re also working on in the forms of governance and permissionless validations as well eventually, which will all be detailed soon in the upcoming update to our roadmap. And our documentation is going to hopefully take us to new heights.
Learning from Industry Experience
We’ve been on the market for a year, plus there’s a lot of projects here that are older than us and there’s a lot that we can learn from them as well, which is nice. And there’s a lot of integrations coming on the way as well. I would urge people to just at least, you know, take a look at the website, read the documentation and just join the telegram, ask questions if you have any, or just be a part of the, you know, great community that we have. And thanks again for having us.
Final Acknowledgments and Shoutouts
Tyler, thanks for being here, man. All right. And zero Madden, zero mile may have got rugged a little bit. JT. Yeah. Tyler, thank you. I just want to give a shout out to web three global for hosting these spaces every day. Thank you for letting me come up and speak. It’s been a great conversation. Yeah. If you haven’t checked out Paul chain yet, definitely come check out what we got going on.
Partnerships and Innovations
There’s a lot coming up. We’re currently connected to eight chains. We got a handful more of EVM compatible chains by the end of the year. We’re also looking at connecting our Solana and Tron chains to that. So definitely come check out what we got going on. We got API data chain specific coming up on Dex tools and Dexcreener. So I’m really excited for that.
Comprehensive Tracking for Wallets
We can start looking at Paul chain tokens that have been launched and see everything that has liquidity on Paul chain all in one spot. So that’s going to be really beneficial. Yeah. Once again, thank you for having me. I posted the contract address up top there if you want to check it out. Do your own research. Everybody protect yourself out there. And, and once again, thank you for having me out.
Networking and Community Relations
Yeah, thanks for being here, man. All right, guys, well, thank you all for being here. Please follow each other. You never know what could come of it. We had a lot of cool things. Oh, zero mile, you back there? And once again, thank you for having me on. Zero mile. Yeah, I can hear him. Can you not hear him? I can’t. Let’s see.
Addressing Technical Challenges
Yeah, I can’t hear at all. Weird. Hi, I guess you guys now, I think there was a problem. I could hear, you know, Bitrock speak also, I couldn’t hear Nimix for a while, but I think you guys can hear me now. So we are currently working on composability in the near future, you know, dapps around all the blockchains, you know, can use zero mile SDK to actually, you know, accept assets from different blockchain from users.
Enabling Funds Deployment Across Chains
If a user, let’s say, have funds on arbitrum, they can actually deploy their funds directly to Aave on Ethereum. So that is what we are enabling through our composability solution. So currently, we are very aggressive on our partnerships. We are building partnerships with Eigen Layer, with Caric network because we are actually building an AV’s. And, yeah, I think our testnet is due in the next two months.
Social Media and Engagement Efforts
We just started our Twitter page on zero mile. So you guys can, you know, follow us. Our updates on the zero mile Twitter page at the moment. Yeah, thank you, Tyler. Thank you for. For, you know, hosting. Hosting me, and it was great interacting with all the panelists here. All right, thank you for being here, man.
Conclusion of Web Three Global Talks
All right, well, this is web three global talks, episode 191, powered by our friends at Nimiq. I’ll see you guys tomorrow for episode 192. So stay safe, guys, and talk to you later.
