Space Summary
The Twitter Space Web3 Global Talks ️ Ep.188 – Powered by Nimiq hosted by web3globalmedia. Web3 Global Talks Ep.188, powered by Nimiq, offers a deep dive into the evolving digital landscape with insights from top crypto and NFT conferences in Dubai, Miami, and Amsterdam. Expert discussions cover key advancements in blockchain technology, NFT impacts on the digital economy, community engagement significance, DeFi's role, disruptive NFT innovations, and the importance of blockchain interoperability. Delve into the intersection of technology, finance, and digital art within Web3, exploring how this ecosystem reshapes traditional financial models and challenges industries. Stay informed on the global influence of Web3 technologies and the future integration of NFTs in this dynamic space.
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Questions
Q: What are some key Web3 advancements discussed in the space?
A: Insights on blockchain technology, decentralized applications (dApps), and smart contracts.
Q: How are NFTs impacting the digital economy?
A: NFTs revolutionize ownership, digital art, tokenization of assets, and unique monetization opportunities.
Q: Why is community engagement crucial in the Web3 landscape?
A: Community involvement fosters innovation, inclusivity, and sustainable growth of digital ecosystems.
Q: What role does DeFi play in the Web3 space?
A: DeFi offers decentralized financial services, lending, and yield farming opportunities within the Web3 framework.
Q: How does blockchain interoperability influence NFT adoption?
A: Interoperability allows NFTs to move across different blockchain networks, increasing their utility and value.
Q: What are the main highlights of the global impact of Web3 technologies?
A: Discussions on global digital transformations, innovations, and challenges in the Web3 ecosystem.
Q: In what way does Web3 intersect technology, finance, and digital art?
A: Web3 bridges technology advancements, financial systems, and artistic expression through NFTs and blockchain applications.
Q: What are the potential disruptive innovations in the NFT space?
A: NFTs disrupt traditional industries, offer new avenues for creators, and redefine ownership in the digital realm.
Q: How does Web3 impact traditional financial ecosystems?
A: Web3 challenges traditional financial models with decentralized alternatives, tokenized assets, and borderless transactions.
Q: Why is understanding blockchain interoperability important for NFTs?
A: Interoperability enables seamless NFT transfers, enhances liquidity, and expands the reach of digital collectibles.
Highlights
Time: 12:05:19
Unpacking Web3 Advancements Experts delve into the latest blockchain, dApps, and smart contract innovations.
Time: 12:15:42
NFTs Revolutionizing Ownership Exploration of how NFTs reshape digital art, asset tokenization, and creative monetization.
Time: 12:25:58
Decentralized Finance (DeFi) in Web3 Discussions on the rise of decentralized financial services and its impact on Web3.
Time: 12:35:10
Blockchain Interoperability for NFTs Understanding the role of cross-chain compatibility in driving NFT adoption and utility.
Time: 12:45:27
Global Impact of Web3 Technologies Insights on how Web3 influences global digital transformations and economic paradigms.
Time: 12:55:39
Innovations in Digital Art and Finance Exploring the convergence of tech, finance, and artistry through NFTs and blockchain innovation.
Time: 13:05:45
Community Engagement in Web3 Importance of inclusive communities for the sustainable growth of Web3 ecosystems.
Time: 13:15:58
Disruptive NFT Innovations Discover how NFTs challenge norms, empower creators, and redefine ownership structures.
Time: 13:25:07
Challenges to Traditional Finance by Web3 Examining how Web3 disrupts legacy financial systems through decentralized solutions and digital assets.
Time: 13:35:19
Future of NFTs and Web3 Integration Predictions on the evolving landscape of NFTs within the broader Web3 framework.
Key Takeaways
- Insights on Web3 advancements shaping the digital future.
- Exploration of crypto and NFT trends from top conferences.
- Expert discussions on the global impact of Web3 technologies.
- Insight into the growth of NFTs in the evolving digital economy.
- Highlight of the importance of community engagement in Web3.
- Dive into the intersections of technology, finance, and digital art in Web3.
- Discussion on the rise of decentralized finance (DeFi) in the digital space.
- Exploration of NFT use cases and potential disruptive innovations.
- Insight into the influence of Web3 on traditional financial ecosystems.
- Importance of understanding blockchain interoperability for NFT adoption.
Behind the Mic
Introduction to the Event
Alright, guys, welcome to web three global talks. Episode 188 powered by our friends at Nimik. I'm gonna play probably just part of one more song, guys. Just trying to get the rest of everybody up here and we'll get started. All right, guys, I think we're good. We can go ahead and get started, so. Yeah, welcome, guys. Like I said, to episode 188. Just want to let you guys know we're going to start off with a round of introductions as we always do. So about a, a minute apiece, who you are, who you're representing. If you guys could please, like, comment and retweet out the space. You already know how much it helps, guys. So without further ado, I'm going to start from top to bottom for the intros. So we'll go with Dash.
Introduction of Dash and Updates
Hey, everyone, it's Joelle with Dash. Dash is a digital currency focused on payments and digital cash, and we just released a pretty cool update, giving decentralized usernames and a bunch of other cool usability features. Sorry if I'm still a little bit under the weather. It's been quite an October so far, that's for sure. You are good, man. I've got my youngest with me at home right now. He's got a stomach flu, so I'm just waiting for it to hit me, man. No worries. Ment lair. Yeah.
Introduction of Mint Layer
Hi everyone. We are mint layer. We basically have bitcoin l two and we are working to bring bitcoin to defi. So with min layer, you're going to be able to use your native bitcoin directly on Defi protocols through atomic swaps. And we are going to be launching soon the first bitcoin native Dex that's going to be called atomic Defi and hit a follow and check our latest updates to know more about our ecosystem. Them. Thank you.
Nimiq's Introduction and Mission
All right, and Nimiq, our sponsor for the week. Hey, everybody. Martin from Nimiq here. I'm on the ecosystem development team. Nimiq is a nonprofit, we are a wallet that runs in your browser, and we are the closest shit coin to bitcoin. So we are a payments coin looking to provide decentralized payments, self custodial to the world, to complete Satoshi's vision, to buy a cup of coffee with crypto. Very excited to be here. Very excited to speak about some of the announcements that we have on our end. Some exciting things going on with our community, but more importantly, exciting to collaborate with the others on this call and get to the important agenda. So thanks for having us.
Community Engagement and Updates
Okay. I did get crest all up here. Good. Okay. Hi. Long time no see. Well, hello, gmgagn. Yep. You sound great as always. Oh, fantastic. I had a wonderful hard drive failure in between now and the last time we talked to each other, so just check in that everything's above board. My name is Crimson clad, and I am a community member who works in core operations for the Hive blockchain. Hive is a fast and fearless blockchain that is built to power social interaction, to be truly decentralized, and is owned, build, and brought forward into the future by community. Awesome. Thank you. Glad to have you guys back.
Introduction of Crystal
All right, Crystal. Hi, everyone. I work with BD at Crystal, and we are an infrastructure marketplace. So think about all of your modular service providers. We're putting that in the marketplace so that deployment is seamless. Super excited to be here. Really excited to hear what everyone has to say. All right, thank you, Berv. Everyone. I am Patrick. I'm one of the co founders of Berv Protocol, and Berv is a protocol that's on a mission to not only redefine DeFi, but also make DeFi as democratized and disintermediated as possible. And so we do that with a number of bonding curve innovations, touching specifically on tokenization and liquidity. And I'm excited to be on the call today and talk more about what everybody is doing in the space.
21's Introduction
And Mister 21 with Tao chin. You good, bro? 21? Okay. Could be a weird space thing. You guys can hear me, right? Yeah, all good. Okay. All right, 21, maybe try dropping and coming back. I know neon tried to get up here and couldn't get them up here either. So I'm going to take this moment in time to stall a little bit and tell you guys I about web three, Amsterdam. That's coming in March, so we're doing Amsterdam blockchain week, the 10th through the 16th, with the main conference being the 13th and the 14th. So we really hope to see you guys there. We're slowly releasing more information about that a little bit every day. We're going to try to make it basically even bigger than Dubai. Trying to go hard right now.
Atlanta Blockchain Week and Invitations
So please, guys, reach out to us if you're interested in going. But, yeah, other than that, I'll remind you guys one more time to, like, comment and retweet out the space. If there's anything you want to share during this discussion, you can do so by clicking share and then share the space on any of your tweets and you guys can feel free to do that anytime you guys want to. But yeah, without further ado, we'll get 21 back up here eventually, but I'm going to start with the question. So the question today is something I don't usually do. It's a little more team oriented for both of these questions.
Discussion on Team Culture
So the first question is, many web three developers and creators work in fast paced, high stakes environments. How can teams and projects cultivate a culture that prevents burnout and promotes mental wellness, especially in an industry that we all know seems to operate 24/7 across global time zones? And 21. Are you Beckman? Just to give you a second. Yeah. Yeah. You want to do an intro real quick? Yeah. Yes. I'm sorry, man. I couldn't hear you. I kind of lost my audio there towards the end. Yes, I am 21, proud member of the Paw chain Genesis and marketing and growth team. And we are a blockchain solutions company.
Blockchain Solutions and Community Connection
We give the projects the ability to deploy such thing as liquidity pools in one place, but be a multi chain asset. We're currently functioning across base arbitrum, Ethereum, polygon, BNB, the native polychain, Avax, optimism, and the newly added Ceelo. We're also adding a Solana connection and Tron. We're working on those as we speak. And also going to give five more EVM connections by the end of the year. So deploying one liquidity pool in one place, but having the freedoms and liberties of a cross chain environment. Also, users get a gas free wallete with blockchain as well, to be able to navigate this multi chain environment without ever spending a dime in gas. So blockchain solutions are what we do, that's what we specialize in.
Panel Discussion Setup
So if you are looking to take the next step, that's definitely link and talk about it. And this is nfts, dapps, games, tokens, anything and everything. We are connecting communities and blockchains. All right, thanks, Ben, and thanks for helping me solve for a minute to give people time to think about this question. I'm not going to go in a direct order if somebody starts to raise their hand. So I'm going to give you guys a couple seconds here to see if anybody wants to kick this question off. And if not, then, yeah, I'll go to just an order here.
Time for Open Discussion
So just a couple seconds, guys. If you've thought about it and you want to be the brave first person to go, okay. Oh, 21. Yeah, go ahead. Mandev. Yeah, if you could just give me, the question gets hot. I just want to make sure I heard it in its entirety because I did lose audio. Yeah, no worries. So the question is, many web three developers and creators work in fast paced, high stakes environments. How can teams and projects cultivate a culture that prevents burnout and promotes mental wellness, especially in an industry that seems to operate 24/7 across global time zones?
21's Response and Insights
Okay. Yes, yes. Absolutely. Great question as well. It's tricky. It's definitely a balancing act, and you have to have the right individuals in your team. And when I say the right individuals, I mean the right individuals for what you're trying to build. You'll find builders of different calibers and different passions and different projects. So your builders and your team's visions and goals need to align with where the project sits as well. They say if you love what you do, you never work a day in your life. So you have to love what you do. You have to be able to do that, you know, on a day in and day out basis as well.
Strategies to Prevent Burnout
So it does take a little bit of a balance and it does take strategically, formulating your team, you know what I mean? Finding where people kind of finding where people's passions lie and giving them access to them. You know, it's one thing to have a, like, say, a marketing team, but you have three or four marketers that love NFTs and art, right? So you might want to just maybe have a hybrid team or something like that as an example. So being able to know your team intimately, knowing their weaknesses, their strengths, what they do for stress relief, what they do for fun, all that factors in, because, as you said, this industry never stops and it never sleeps and it's always changing and evolving.
Conclusion on Team Building
So the people need to be able to do that with it as well. So having a well balanced team is definitely crucial to that. But you can always try to give them incentives, encouragement, you know, and give them a shared goal, you know, changing the space and building something that people can actually use and finding people that really align with the goals of your project. And I feel like that's been our successful route or it's been a route that's been successful for us. Yeah, I think it's even harder when it's like a startup, right? Because you've got to wear, like, a lot of hats, right?
Challenges in Startups
And I think a lot of burnout comes from, like, startups that stay in startups for like, years at a time, and then it's like those same, like four or five people doing like a million different things right, and they just don't get the opportunity or they don't prioritize it to grow. But I mean, in my personal opinion, if you can do it, I think it's kind of invaluable, you know, to get way more people. Yeah. To get more people on a project. I mean, it's just, not only is it a fresh set of eyes and fresh ideas and stuff, but, you know, it gives those people a chance to kind of take a step back and either focus or maybe relax for the first time in like two or three years.
Importance of Team Growth
And that's absolutely great point, too, because it's not about just the growth of your project. This, this space is more so about the growth of people. So I love that you highlighted that, man. And it's good to give these people a place, a safe place to flourish. Let them chase what they're passionate about. Yeah, 100%, man. Great answer, bro. and you definitely stuck in time, so I'm not picking on you. But I did forget to say that I try to keep these about three minutes apiece, guys. Just give people a chance to talk.
Engagement and Participation
But, 21, went and he raised his hand and he was brave. Now I got to pick it random. So, Crimson, I'm going to pick on you because I haven't heard from you in a while. That's a. Okay. I've actually forgotten how to raise my hand. So, you know what, it's all good. So, you know, hive is really kind of unique in this space in that it is a blockchain that doesn't have a core team, it doesn't have a founder, it doesn't have VC backing, it's not owned by a company.
Understanding Hive Blockchain
And what that means is that everybody that's participating, whether that's from a core development in the actual code, whether that is project managers, dapp creators, business owners, whatever, or content creators, end users, they are driven by their own desires, their own needs, and the things that make them tick. And so, you know, 20 one's talking about understanding and knowing people and people coming together around their needs. That's literally kind of what hive as a blockchain in a community does.
Community Engagement and Sustainability
So we often see people that come and go, they drift. They're in there, out, they build teams, and they're voluntarily really engaged in the ecosystem. And that can bring rewards, it can bring businesses, but a lot of it is community. And the more that I kind of travel around the world talking about what hive does, the more I get to remind people that the reason we're still here, we're still growing. And that we've done this in the face of what are crazy odds compared to the rest of sort of a hype based blockchain and crypto space is because people love freedom tech, they love meeting each other, they love sharing content, they love building things together, and they love finding an opportunity to do that isn't necessarily couched inside of corporate structure or the insane hustle mindset of do it now or die that crypto brings to the table.
Sustainability and Human-Centric Approach
It's a sustainable place to build because it is human centric. And so we do have the biggest and longest running games in the crypto space and we do have communities that have been shared, sharing content together for almost ten years now. And our core development team is incredible. Hundreds of developers contributing to an open code base, open source code base, partially because, yeah, they get paid for it, but partially because it is their absolute passion and they figured out that this is what they want to do. And it really changes the way that burnout hits you when you love it and you also have the ability to step in and out and collaborate as you need.
Final Thoughts on Hive
It's my favorite place. Hey, that's fair and, yeah, absolutely. That's like, you know, you guys are probably pretty unique, at least in, especially in this space, just from talking to the other guys and I'm not trying to speak for the other guys, but, yeah, I mean that's a definite unique kind of situation where you can drop in and drop out and, you know, you get to work on things that you really just are passionate about and want to work on. I think that's especially important because the space is stressful, right? I mean, you have to love it or you're not going to do very well.
Challenge of Stress in the Sector
I mean, that's just kind of the nature of the beast. You know, we get a lot of people, I think we get a lot of like developers even who come in here and they're like, man, it never stops around here. Like, this is kind of crazy for me. But, you know, some of those crazy people who don't do well in, you know, traditional settings definitely do well here. So that's one thing that, you know, you kind of have to remember too is there's the social connection. So like our main developer also shares cat videos on the social platforms.
Community Spirit and Connection
That goes a long way.
The Essence of Connection
Yeah, yeah, for sure. Man, I've made so many great friends here in this space. And commiserating with them or sharing good times with them has always been fun. So yeah, great answer. And there's no wrong answer to this question, by the way, guys. It's more of a philosophy, so. All right, Nimik. And then mental.
Articulation and Appreciation
Yeah. I just wanted to first say that to Crimson. What a great answer. You're so articulate in the way that you express the idealism that we really are the people industry. Very well put. I was going to say something along the same lines. Nimic is very similar. You know, we're a decentralized project. No single founder, nonprofit. We do have an informal board because decision making governance is fairly challenging, but we don't. There's no single person that has authority, no managers. It comes with its benefits as well as its challenges.
Working towards a Common Goal
But the best part about it is that we're all working on the project for the same reason we all are people first. We are all planet first, you know, trying to create a more ideal future for humanity. And so because you have that underlying mission, everybody enjoys what they do. That definitely helps to avoid burnout. There are a couple other things that I wrote down here that I think are really great just to embrace the Coinbase ethos.
Embracing Rest and Productivity
I'm not sure if anybody here has ever worked at Coinbase or knows people who do. It's very sprint. Sprint first, culture. So sprint super hard, work your tail off, and then rest. We must embrace resting in this industry and all over the world, because otherwise you do face that burnout. It's actually contradictory to your progress. Empower each other. Put good people, good butts and seats, and let them do their job. Don't micromanage again. Try to empower one another.
Overcoming Challenges and Encouraging Growth
Remove bottlenecks. You know, people are bottlenecks to decision making and things like that. Remove those bottlenecks. Empower others to make decisions, and then embrace imperfectionism. You know, we want to move fast and break things. 80% done fast is better than 100% done perfectly and slow, in my opinion, in this industry. And then lastly, like, don't let failure deter you. You know, I'm sure the people that were working their butt off at Zoom in 2019 were struggling, struggling.
The Importance of Perseverance
Then all of a sudden, an inciting event like Covid-19 happens, and all of a sudden, they're one of the most valuable products and services on the market. So don't let the early failure deter you. It can take little inciting events that will, you know, can change your life, change your project's future, and change the future of the world. So don't let the failure deter you and stay on the mission, because, you know, we're all working toward a good end.
Perspective on Industry Challenges
Yeah, absolutely, man. You know, it's easy, I think, when, especially in like a cutting edge industry like this, when you're working, you're like, man, nothing seems to be going exactly our way. You know, people start feeling some type of way about it and things like that, but, yeah, I mean, you just got to take a step back and realize like, hey, you know, we're super early in this space. Everybody is. Especially those who are building it.
Insights on Employee Welfare
Right. I mean, you're kind of building something fundamentally that's not really been done before. So of course you're going to have roadblocks. So. Yeah, I mean, that's a great point, man. Well said. All right, we'll go with MIT lager. Yeah, this topic is really interesting. I think that for the higher management employee wellness, it has to be a priority. And I think that most of the leadership teams and even the HR teams are focused on just hiring instead of the retention of these employees.
The Importance of Human Connection
And the mobility of web three employees is higher than other industries because the culture, sometimes it gets to a secondary point where productivity is more important and there's no human connection in several teams. That's why delivering products is important. Achieving milestones is important, but the company will success even faster if they have employees that are committed and that are feeling well by working there, that are engaged.
Team Recognition and Fairness
They identify with the values of the companies, not just a PDF that they get on the first day, but it's also something that they feel every day. And it's of course, a safe place. So it's important that as managers, we take time to ensure that every team has fairness and also every for it is properly recognized. And also it's visible because there are too many types of people on teams. There's the people that they are too busy to brag about what they're doing.
Fairness in Recognition and Communication
There are the ones that are too busy bragging about what they are going to do. And then when you work remotely, you need to understand actually how to measure properly the forts of everyone in order to ensure fairness and in order to ensure that this is a safe place where everyone is actually able to be recognized based on what they, the value they are bringing. And yeah, this is the real life experience. I've seen it many times. I hear from friends.
Remote Work as a Blessing
I think remote working is the blessing that we have in this industry because it's the preferred method. I wouldn't change working remotely in my life. I think so. But that's the blocker that I think that every team, every manager has to overcome in order to have healthy teams that are high performers. And when you are a high performer and you are on a safe place and you are recognized and you are able to be vulnerable without feeling insecure about that affecting your professional profile, with your management or with your team, then you're going to be the best at what you do.
Communication and Team Dynamics
I've worked for projects that didn't really work out. Kind of became a toxic situation just because I didn't really, you know, I don't think we fostered communication well enough. Like, you know, one of the things is it is remote and spoiler alert. That kind of involves my second question that's coming up here, but, you know, because it is, you have to have, like, a really good process behind how you communicate with people and how things are understood and everything else.
Essentiality of Interpersonal Skills
Yeah, I mean, it's a, it's quite hard to do, and I think some people are maybe really good also at developing, but not necessarily good at, you know, being people persons, I guess, would be the way to put it, you know. So I think that's another crucial aspect of a team as well, is having somebody that's really good at that. So thank you. All right, we're going to go dash and then crystal.
Sustaining Long-Term Engagement
Yeah. This is kind of an interesting topic, especially when you have, like, a project that's been around for ten years, like ours, and it's powered by a dow, no foundation, nothing like that. And you just have constantly, you have to have a whole bunch of people involved that keep this thing going. Burnout, of course, happens to everyone. The thing that I've noticed is burnout tends to happen to people when they aren't seeing progress with what they're doing.
Fostering Motivation and Recognition
They're not seeing their work going into something real, and also when they're not properly compensated or appreciated for what they do. And so I know a lot of projects run heavily on volunteer steam, and eventually you sort of run out of that because you're running off of that goodwill and you're not compensating for that. And so I think the good thing about having a Dao type infrastructure, the ability to then compensate individual contributors, not just, oh, professional team members who have full time salary or whatever, but allow people to actually get paid for their work.
Challenges of Volunteer-Driven Projects
But the big thing is just to identify who's actually making the difference, how they're making a difference, help them to actually make more of a difference and make sure that they're kind of rewarded for that. Yeah, I don't think that can be understated, man, because that was another issue. You know, I think anybody who's in this space has personally had that problem as well. Like, yeah, you know, if you.
Feedback on Workplace Expectations
If the idea behind it was to start off volunteer, then that's great. And, you know, you can expect people to do as much as they can and then they kind of go on, but if you're asking for somebody to, you know, dedicate 40 hours of their weekend to something, then, you know, it's kind of exploitive at that point to kind of not make sure that you're, you know, letting them live their lives essentially because, you know, I mean, unless they're just independently wealthy and they just like doing that all day for fun, then, you know, more power to them.
Value of Eyewitness Experiences
But a lot of people aren't like that. So I think that also gets lost a little bit in some projects. You know, you can only. Goodwill can only take you so far. I'll leave it at that. I won't get too deep into that, but, yeah. Thank you, Ben. Crystal.
Promoting Connection within Teams
Yeah. Yeah, I've loved all the insights so far. I think everyone's commentary on hiring the right people, curating the best environment for them, really thinking about how to be mindful of the team is super important. I think at Crestal, something we do really well is being intentional about how we're interacting with each other as a team. I would actually comment that.
Understanding Group Dynamics
I think one of the advantages being a startup is that exactly, because you are small, for sure, a lot of people have shared responsibilities and take on more of the burden, but you also get to know each other much better because it's a much more intimate environment. And so one of the ways I've seen this manifest is that whenever we share content with each other or whenever we're meeting in person at a conference, etcetera, I think all those engagements have been at a much more deeper level, and I'm able to understand who I'm working with because of the smaller size, and I think that's actually an advantage.
The Strength of Intentional Communication
So I would say being really intentional with how we're communicating and being very considerate of each other has made for a really strong team. And, yeah, for sure, being bonded by our common vision and common goal to succeed, I think, is also very empowering. Yeah. And even being trauma bonded by the crucible of building something that is insanely difficult to make is also a great time in the space.
Navigating Team Interpersonal Relations
Yeah. You know, again, it just kind of goes back to proper communication. I think that's just the number one thing that kind of gets people down if there's ever any problem in the space. I mean, we're not immune to things that happen in regular companies, right. I mean, if you don't have a good communication with your team, then that's pretty much one of the number one problems.
Challenges of Remote Work
And, you know, we could say it is a different industry. I mean, it is. But yes, I mean, the human element kind of goes throughout whatever you're doing in whatever industry. If you're not talking to your team. Right. If you're not trying to bond with them or get to know them and things like that, then obviously, you know, you're kind of doing something wrong.
Misconceptions about Remote Work
I think remote gets kind of confused with completely detached sometimes, which isn't the case. So. Yeah, good answer. Last but not least for this one. Berv. Yeah, I think where I, a lot of these conversations get lost is thinking that there's a one size fits all model. And I think, as we've seen, we have companies here that are run by daos.
Adapting Company Structures
We have companies here that are run by motivated individuals somehow organically organizing themselves around a shared vision and other companies that are more in traditional way with the founder and a core team and ambassadors and all these things. And I think understanding where you're at in terms of how your structure is set up, where you are in the stage of development, I think is important because I think the errors to overcorrect and to tell people, hey, you need to take time off and you need to stop working.
The Dynamics of Project Development
When you know that if the team is feeling motivated and they're like, we're just about to get to TGE, you know, everything's critical, and then you have, you know, just a kind of a mismatch of incentives and also not reading the room because sometimes, you know, when the project post TGE or like, you know, you just put out a new release, those are the critical times to reward your team and be like, hey, take your vacation or let's do an offsite or something.
Understanding Market Needs
And being able to understand the highs and lows, the mountains and the valleys of this industry and bear markets and bull markets, and understanding how to configure and adapt your team to real time market conditions, but also real time teen conditions, I think is a critical aspect of creating a healthy work life balance. Yeah, absolutely.
Networking and Collaboration
And I think most people understand as well in the space that there are times of, like, feast and famine, and if it's like, you know, we have to go hard. Or at least people who stick around in the space, right? I mean, you may hire somebody and they're like, oh, man, this isn't really what I thought it was, but they tend to get out a little quicker.
Supporting Your Team
Those who kind of understand that mindset will kind of work with you on it as well. You know, as long as you're there to back them up. In times where, like you said, you know, it's a little bit slower, it's like, okay, let's take a step back for a minute. Let's allow people touch grass a little bit. You know, you can't go 110% all the time, so.
Gratitude and Acknowledgments
Yeah, I agree. So. All right, well, thanks, guys. We handled that question really well. So for this next question, again, just going to remind you guys, before we do that, like, comment and retweet, you already know how much it helps. I've already seen a bunch of emojis being thrown up. That also helps, guys. So thank you for that. I really appreciate it.
Cultural Integration in Remote Teams
But, yeah, so this next question is kind of related, but it's a little bit of a different question. You know, obviously you're going to have to bring new people into the teams sometimes and things like that. So the question is, you know, obviously we're usually remote first organizations, decentralized. Fostering, like a team culture or even a company culture can be really difficult, especially when you're bringing new people on and things like that.
Strategies for Cohesion
So how do you create and maintain a cohesive company culture that aligns with your project's values, especially when the team is spread out. When you're bringing on new people, do you have, like, different processes that you like to use or things like that? Yeah, Crimson. That's it. Oh, you can't see me, but I'm holding my hand up, so, you know.
Encouraging Engagement and Alignment
I'm glad you figured it out. Yeah, well, listen, it's slow, but the hamster is still going. It's just, yeah, it's not turning as fast as it could be, you know, and I didn't catch the bird speaker's name, but, you know, he really nailed it when he talking about aligning incentives. But one of the things that we have seen in this space is, yeah, money's an incentive, of course.
Beyond Monetary Incentives
Crypto is an incentive, of course, but that social connection, building something meaningful and finding all the little bits and pieces that contribute to that, those are also incentives. And so how do you align non monetary incentives to basically help align what your people are doing? One of the biggest things about hive that's been at our core for the last seven or eight years is that were built to promote social interactions.
Building Social Collaborative Networks
And the blockchain actually is purpose built to create social platforms on top of. And in a lot of ways, this is one of the absolute best things that keeps our functional, paid teams working together, our projects working together. Are communities developing, is there are multiple platforms. You know, there's Peakd.com, there's in Leo, which is an incredible alternative to something like X.
Community Engagement and Problem Solving
There's Eccentc, there are games, these are social feedback mechanisms, these feedback loops where people can go and talk about, hey, here's what I'm doing. Do you want to come along? Are you interested? Hey, here's a trouble I've run into. We have developer communities that problem solve together. And we even have things like boards like Opengenie, which is a jobs board, a gig board, you know, a place where people can post things that they need help with and then also, you know, offer payments, trades, these types of circular economies that pop up around like minded community members who are either joined by their love of Hive, their love of crypto, their love of other chains they just met socially, they played splinterlands together.
Enhancing Cohesiveness through Community
All of these little connections contribute to that cohesiveness. And it's kind of how we came back to that idea of like, hey, yeah, Hive has a bunch of people who either paid by the Dow or who started off as a volunteer and built their own business or are now, you know, working on core code to help change the world.
Fostering Relationships within the Industry
All of these things are actually supplemented by the fact that our blockchain supports human connection, usernames, identities, social platforms, ways to meet up with and trade value with the people that align with you. That alignment is an alignment of incentives that goes from crypto and wider reaching. And it, and it makes up the difference of the fact that I'm here in Vancouver and you are elsewhere in the US, and a team is india and a team is in Venezuela and a team is in the bogota or wherever it is.
Importance of Communication Tools
It's really incredible because you have these communication platforms that are async but that are censorship resistant, immutable, and that literally are part of what you're building. And they become a really important part of opening these communications, finding like minded people, building really incredible products. Yeah, literally gave them the communication tools or they built themselves.
Significance of Collaborative Initiatives
That's pretty great. I mean, you know, that's kind of the best way, right? Is like we're all motivated, let's just create ways that we can all kind of communicate and reach out, and it kind of naturally pervades, you know, the. The company ethos or what you guys are trying to do, because everybody's naturally involved, and it's like, okay, we made these platforms.
Openness in Communication
Here you go. It's open for everybody. Everybody can communicate. That's the way it should be.
Introduction to Blockchain Technology
That's it. Now we got to everybody else using this stuff. It's free. All your other blockchains, actually, you know what? Friends at DasH, they post on HIVe social platforms. But seriously, this stuff is free and open, and we'd love to see blockchains that are solving other problems apart from what we're doing, starting to use this tech, because we'd love to kind of help them connect with more people and, you know, create a social ecosystem. As much as we love x here, you know, we're not in control. It's owned by somebody else. There's no censorship resistance, and it's not immutable, and you have no control overdem where the funds go. So that's kind of what we're all here for, every one of the projects.
Community Engagement
Yeah, absolutely. And you are 100% correct about this platform, and I'm going to not talk too much about it so we don't get rugged. Yeah, you are correct. I'm Just kidding. I don't think Elon's that big, brothery, but maybe. ALL right, mister 21. Great question, great question. And I just want to make sure I heard it in its entirety. Would you mind repeating for me, Tyler? I just want to make sure it didn't cut out on me. Yeah, no worries, man. So, basically, it was, you know, talking about bringing new people on or even within your own team. How do you create and maintain a cohesive company culture that kind of aligns with your project's values, you know, especially being spread out or bringing new people on and everything like that. Got you. Got you. I missed the second half. I don't know why. I mean, it's been spotty today. I can hear certain speakers, and certain speakers I can't, and I only get, like, certain parts of the sentences to it. Twitter space has been crap for me today, but, yeah, great question.
Decentralization vs. Structure
So I love that you can bring this up as well, because I know a lot of times people use, like, decentralization and things like that, and they say, oh, well, we don't want it to be like a company. Well, decentralization is. Is a lot different than having a team and having a structure to a project. You know what I mean? We absolutely have to employ, like, a company structure. We have to stay operating like a well oiled machine. You know, sometimes you can't do that chaotically with people running around and I just throwing ideas up into the air. And under the umbrella of decentralized, you know, decentralization doesn't have to mean chaos. You know, we're very much decentralized but still have a structure. To have a team, still have a company structure, you know, departments that do things. We actually have an extended team. It was part of the community that we actually brought on for design, for marketing, for onboarding.
Structuring Teams for Success
You know, just had an extension, just put some structure to it. They were already doing it. We just kind of gave them a direction to go to. And it's worked out absolutely successful. You know, it's worked out great. So I love the structure and I love that part. And I wish and I hope that projects will steer closer to it moving forward and not just, you know, and to kind of take away the stigma of having structure and being centralized. You know, those two things don't go hand in hand. They're not the same thing. So I hope that people are, you know, will turn an open eye to that and be able to absorb that a little bit faster moving forward. That way we don't have, you know, the ideas and the stigmas for it. But I do think that projects need a little bit of direction, need dedicated teams to be able to handle certain aspects of building, certain aspects of the space.
Organizational Strategies
And I do feel like that's more so like a company structure. So I do feel that it is beneficial. It's definitely beneficial to projects to be able to think long term, to be able to build outward and have compartmentalized departments to handle things, to keep things running smoothly. So I absolutely love the structure and I love that thought, and I hope that more projects do kind of embrace that moving forward. Yeah, here's the thing again. So this question isn't a one size fits all question either. And again, there's no right or wrong answer. So, yeah, you know, for you guys, that definitely works out. And, you know, for hive, it's a little bit different. And that's the thing is, like, every company is a little bit different. Every structure is going to be a little bit different.
Creating Documentation and Expectations
As long as you have some kind of way to organize people, you know, it works out really well. I mean, I remember being on projects and, like, one of the first things we're talking about is, like, you know, what kind of program do we want to use to kind of organize all this stuff, you know, like what team program are we going to use? You know, how are we going to lay out the foundation? And that's really kind of one of the first things that you need to do because it doesn't make sense otherwise. And when you're bringing new people on, having, like, documentation or something about, like, you know, core admissions, different things like that stuff, people can read, obviously. I mean, you can't just have people, like, read a document.
Communication Within Teams
That's not really what I'm getting at. But just to have them have some place they can start off or some person they can start off with. You're absolutely right, man. From our telegram, we've got multiple channels there for the mods and discords as well. For the extended teams, we have a discord server as well. We've got documentations and each channel. You're absolutely right. There has to be, like we spoke of earlier, shared visions and shared goals. That's how you find the people that align with your project values and the people that actually want to do the work and don't mind actually, you know, staying a little bit late at the office for a couple voice calls or something. And that's how you find that is laying out your values or your goals ahead of time when you first, you know, are bringing people on that way, you don't waste time finding it out later in the long run, you know, and I think that's absolutely imperative and that's more so like a company structure with the paperwork part, but I love that, and it's absolutely been successful for us.
Importance of Personal Connections
Absolutely, man. Glad to see it's working out. All right. I'll go with mimic. I see a hand. Yeah. Thanks a lot. I just wanted to highlight something that I kind of mentioned in our first dance of the first question, but it's just something that we feel goes such a long way at mimic for building a culture of people that want to work and contribute to the project. We have a pretty strong, retention. We, we're pretty proud to say that, you know, people that join the project, they don't leave. And one of the reasons for that is, you know, we are people first. And I think that in a world of crypto, where we use nfts or images as our profile pictures, you know, sometimes we use aliases, I know some decentralized projects, they don't even know their colleagues' names, things like that.
Connecting on a Human Level
In a world of that, I think we still need to all remember that we are people first, the crypto industry. We're here to make a more ideal future for the world. I think when you go to places like consensus, like in person crypto events, and you start to see all the amazing people that really are behind these projects, behind these NFT profile pictures, behind these aliases that we all want the same thing, you know, regardless of whether we're competitors or adjacent. And so it is a people industry. And so as much as we can hammer the people first culture within our project, we find that it makes for a happier workforce. It makes projects more fun to work on when we're trying to make strategic decisions around product.
Emphasizing Team Well-Being
It's like, let's think of everyday people where. How can we meet people where they are so just embracing that people first culture, getting together in person, you know, attending in person events and remembering that there, this is a people industry, really goes a long way to making an attractive culture for not only for a place to work, but also for a community to join. Yeah. And something I think people don't understand as well is like, you know, if you can't be people first with the people that you're working with, then how is your product ever going to be people focused? You know, how are users going to get what they want out of a platform, you know, if you can't, on a fundamental level, get what you want out of a team?
The Disconnect in Digital Communication
I mean, it's just. It's just kind of a point that, you know, maybe something is kind of up there where, you know, you're not thinking people centric and forward like you're talking about. Yeah, well said. It's. It's so easy to hide behind a keyboard, especially on social media, but, yeah, just remember, it's people. Well, dude, it's kind of weird. I've worked with people where it's like, I knew a dude by his screen name for, like, a year, and then, like, in casual conversation, like, you know, he finally is like, oh, my name is Joe, or whatever, and it's like, okay, this is so weird because, like, in real life, of course, you know, that would never happen.
Recognizing Real People Behind the Screen
But, yeah, it's like not abnormal here. And I think it kind of just adds a layer of, like, you know, disconnect. So I 100% agree with you, man, but, yeah, thanks, bro. All right, neon. I finally got you guys up here. Do you want to do a quick intro, real quick, and then handle the question? Good evening, everyone. Yeah, I want to agree with 21. Twitter has been a bit weird, or x, whatever you want to call it. I connected with, like, three devices and was still having problems. Even tried with my personal account, but yeah.
Fostering Team Interactions
Hi, everyone. I'm Jay. I'm one of the marketing team here at Neon EVM. Glad to be here. I didn't quite catch the question because I kept trying to leave and rejoin and leave, but if you wouldn't mind repeating it, that would be great. Of course, man. No worries. So the question was, you know, we're kind of in a decentralized, we're in a remote first kind of world. Fostering a team culture, obviously can be a little difficult. So how do you create and maintain a cohesive company culture that aligns with your project's values, you know, when the team is kind of spread across the globe, or how do you bring new people on and things like that?
Importance of Team Activities
So, really great question. In my experience, I think one of the best ones is actually having, like, team activities that are not, like, work related, you know, about building the project or something. You know, just like a once a month call where the whole team gets together and just chats stuff and just gets to know each other and build those, like, one one relationships. Another thing is, like, actually having, like, maybe not every month, but, like, every six months or a year where the team gets together. IrL, you know, it's good to, you know, we spend all these times on Google or Zoom calls. It's good to actually be able to, like, touch the person that we spent the last six months to a year just chatting with on a Google call and see them.
Strengthening Connections
Irl. Another one I've seen that works really well in companies is where they have, like, a random system where, like, once every two weeks, you get a meeting with some other random person in the company that you might not have interacted with. You know, for example, like, you could be a community manager, but how much interaction do you have with, like, some random core dev person who's not in, like, all the marketing meetings or doesn't go to marketing meetings or an HR person that doesn't have very much interaction with other team members? So I think that really just activities and IRL events with the team and team building exercises are amazing. And help with that.
Role of Conferences
Yeah, absolutely. And not toot our own horn, but conferences are great for that as well. But, yeah, outside of that, you know? Yeah, just team building stuff, being friends, you know, if it's to that level. Right. Excuse me, guys. My allergies are insane. 21 can attest to this. Texas is not doing me favors today. But. But, yeah, I mean, you know, it's funny. I worked for not to do another anecdote. I won't go on for too long, but I worked for a project as well where it was like, you know, I never talked to the core devs.
Addressing Disconnection
Like the entire time I was working there. It was like the core devs were like this whole side, like shadowy organization. And then like all the other stuff, the public facing, everything was like completely separate. And it always felt weird because it was like, you know, I have a lot of stuff that I'd like to talk to them about that people have kind of brought up, but there was just that disconnect for no reason, really. So, yeah, 100%, I think that's important. Thanks, man. Let's see, mentally or is he a hand? Yeah. I think that the easiest part is to find a talent and to onboard new talent.
Maintaining Team Equilibrium
The hardest part is, as you said, maintaining that equilibrium in the teams. And I like the previous comment that someone made here on the panel where we are decentralized organizations, we are remote organizations, but we need structure. We need the structure. And its structure will bring safety to the employment environment because at the end of the day, people gets paid for their contributions. And if someone's a volunteer, they also get some benefit, either recognition or tokens or any other, but there's always a reward.
Ensuring Transparent Management
So the management, I will keep this comment very firmly. They need to ensure that there's a system that ensures that everyone has the same visibility, that there's fairness, that everyone knows what's the path to escalate on this project? How can they growth? How are they being supported by their management to achieve their personal and professional goals within the project? And when you have that environment that's transparent, that's fair, you feel confident, you trust your peers, and you are in an environment where the competition is healthy.
Healthy Competition in Teams
And competition, it's something that's very common on web three. And it becomes toxic when the rules of the game are not clear and when you don't have a good referee, which is your manager, which is your leadership. So, yeah, I think that's simple. It's not that hard. Just as a project, put the same energy into building healthy things as you're putting into hiring people, and you will save a lot of money if you have healthy teams because they will give you referrals.
Empathy in Team Dynamics
You will spend money and time hiring and rehiring if you don't have good retention. So definitely being a human, you know, being empath with your team, understanding their struggle, making it simpler for them will make everything better for you as a project. Yeah. And stop unnecessarily unnecessary bottlenecks, because that's one of the huge things. If you ever worked for different projects, you know, some are better than others, but you run into, to a lot of times where it's like, I don't even know who I'm supposed to talk to about this, or something's not going exactly the way it should, and, you know, that one person's not available, but, you know, maybe somebody else could be.
Communications and Connections
So, yeah. Clear lines of communication seems to be a running trend, which I agree. All right, we'll go with Berv. Berv, you good, man? This okay? Yeah. Disconnect. Okay. Yeah. This space is having a great time today, guys. Hey. Hey. Sorry. What was the original question on this one? Yeah. So the original question was, you know, we're in a decentralized, we're in a remote first kind of space around here, so fostering a strong team culture can be pretty difficult.
Creating a Cohesive Company Culture
So how do you create and maintain a cohesive company culture that aligns with your project's values, especially with a team spread across the globe, and you're bringing new people on board? How do you keep that same vision? How do you give people the chance to learn what they need to learn and dissent when they need to, that kind of thing? Yeah, I think that especially when you have a dao that anyone can plug into, you don't really have core team or company. It becomes especially challenging when people just show up, pop up, and then start contributing.
Leadership and Leading by Example
Could be anywhere in the world. I think the biggest thing is to lead by doing. There's always going to be leaders in any group, any organization, whether they're elected or. Or not, if it's just someone who steps up, and those people have to be about that life. And so, for example, one thing that I've been doing since 2015 is I haven't earned any fiat. I've been living all off of crypto, and that does kind of resonate with the rest of the brand of the real digital cash that really works for people. It's like, well, if the people who are making statements about it out there, talking about it, if they're not using it, then that doesn't really say very much about confidence in the project, does it? And so a big part of that is just going ahead and doing, taking the lead and giving an example that then just has kind of a template for everyone to emulate all around the world.
Importance of Personal Connections
Now, another thing is, I think that it's very important to find ways that make sense to actually meet with people in person. It doesn't have to be, you know, every quarter you've waste a ton of money trying to get everyone together or anything like that. But just having opportunities for people to go meet in person at conferences, for example, I think could be very important in actually connecting with people. Excuse me. Like this year, for example, I met a lot of people I've been working with for years and years. I finally just met them in person for the first time because we happen to run into a conference, and it really does kind of help a lot of things and give a whole different, you know, vibe to things. And, for example, I was just a few weeks ago, was at a hive fest with the lovely hive people. I sort of know them from a distance for, again, many years. And it wasn't until I came out in person to actually meet with a lot of these people and associate a lot of faces that I really got a different sense of what they're about and what, you know, kind of their priorities and things that it's easy to sort of talk about more online and in person.
Creating Meaningful Offline Interactions
Really, that definitely helps. So the thing is, I think a lot of people try to force the whole in person vibe where they're like, well, we need to have, like, a physical thing, or we need to spend a bunch of money on conferences or whatever. Just having a way for individuals who are, I guess, motivated to do that, to actually get together and work together and run into each other in real life, I think, is very important. That was a mic drop moment, obviously. Pun intended. Yeah. There you go. I got rigged a little bit. Yeah. Yeah, man, I got rugged to you. Yeah. So I'm just gonna say yes, 100%. You know, I think talking to people and even if you can't be in person, like, just, you know, front of the. In front of a video every now and then, just kind of see people's faces. Just kind of get used to this person taking the time.
Connecting with Team Members
The general running theme seems to be taking the time to actually get to know people on your team as much as you can in person and if not as much as you can online. And actually, you know, connecting seems to be the running theme throughout all of this. So. Thanks, man. Berv, I got you back up here. You got rugged just like I did. Yes. Sorry, what was the question again? Yeah, so the question was, man, sorry, guys, I got to pull it up again real quick once again, just so I can make sure I say it right. But essentially, the question is, you know, what are the, some of the challenges, like creating and maintaining a cohesive company culture that kind of aligns with your project's values when people are spread across the globe, when new people come in? And how do you keep that central ethos and the lines of connection running?
Cohesion in Team Culture
Yeah, I think it starts right before you begin the whole conversation about who's on the team and everything, because I think ultimately, the team culture will happen if everyone's aligned from the beginning. And it's really hard to make someone who's not aligned with your team culture be aligned after they've been integrated into the team, after they've started contributing to the team, because then you run into a culture clash and you have one person being like, oh, I didn't have to. I didn't have to get along with my teammates. I thought I could just put my head down and work. And for some companies, that works, and you could run a very efficient organization that way. And for others, you know, it's really important to have that cohesiveness within the team. So I think it's really knowing what you want out of your team culture and then finding people that align with that and whether that be.
Hiring for a Desired Culture
You don't need everybody to be friends. You just need everybody to be cordial and get the work done. And they can have lives outside of the office, or you prefer to have something that's more in that startup vibe, and you have people who go for beers after or after the conference or whatever. And I think it's just important to filter that when you're hiring your team in the beginning. And it's also important to know up until what point does somebody need to be that committed to the team or whether it's enough that they, you know, they. They join the monthly team hangout call, but, you know, maybe they're not going to be the person that you're necessarily going to be going for drinks after the conference. Yeah, and that's fair as well. Every company runs a little differently. And you are correct. I mean, not everybody has to be friends, and it just kind of depends on the culture from the start.
The Challenge of Aligning Culture
But you are correct that, like, it's very hard. You kind of mold somebody after the fact. So getting that out of the way first is definitely something that I think is extremely important, because if not, it's just going to be friction, like, the entire time, and nobody wants that because it's not fun for anybody. So. Yeah, great answer, man. All right, guys, we're a little over time. I want to give you guys a little bit of time. Just like one to three sentences. Max, please just kind of tell the people what you got going on, and maybe if we're going to see you in Amsterdam next year. So I'm going to pick at random. Crimson, I'm going to pick on you again. I like it. It's fine.
Upcoming Events and Projects
So, yeah, we will absolutely be in Amsterdam. We saw you guys in Dubai, so come and say hi to us. Hive is a blockchain. It's fast, it's Felis. But it is built to connect people and allow you to own your identity, play games with your friends, post your content, find creators, build a business. Whatever it is that you want to do, you should be able to do that without spending your assets. And we want to bring people together. And so we're hoping that we're going to grab more of you guys. If you're interested, you can message me either here at the Hive account or at Crimson clad, and I'd be happy to bring you along. Awesome. Thank you. Looking forward to seeing you.
Pioneering New Decentralized Finance
Like I said at the beginning, we are building and trying to encourage a new kind of defi, a defi that is as democratized as possible and as dismediated as possible. And we're doing all of that through bonding curves. And we'll be having our bonding curve liquidity pools, which revolutionize the way you can provide liquidity by enabling fully customizable fees, unilateral liquidity, single token liquidity provision, and fully dynamic capital allocation. So liquidity providers can actually put the liquidity where it's needed rather than needing to enter and exit positions to do so, like in the traditional way.
Preparing for Future Developments
Thanks. Man 21. I was working there for a minute. I couldn't unmute. Thanks again for having us. Aside from the technical issues, thanks again for having us, man, we always love being here at web three spaces. They are. They are, Jim. Definitely, definitely love the answers to and great talk and great questions. Today we will be in Amsterdam. We have secured our package. So we are looking very much, very much forward to this. I can't wait to get there and be able to link up with everybody and just kind of unite and talk. Building some more. Gonna be a great experience. Definitely keep an eye on polishing.
Innovating Across Multiple Chains
We are working our, on our Solana connection currently along with Tron. So, you know, just in a nutshell, if you have a project, if you have it, no matter what you're running, you know, an integration, if you have a DAP, you have a token deployed, an NFT whatever it is you're using a blockchain for, we can integrate and you no longer have to do that work one chain at a time. You can do the work on Paul chain and you will be accessible usable simultaneously on every chain that we are connected to, starting with base, arbitrum, ethereum, polygon, BNB, the native Paul chain. Avax. Optimism. Ceelo. As I mentioned, Solana connection we're working on as well as Tron.
Enhancing Opportunities for Developers
We're going to give you five more EVM chains by the end of the year. So deploying one blockchain is a thing of the past. Please don't work harder. Please work smarter and let's build your project out and make it great for the users. Gas free wallets and gas free blockchains. Yeah. Fastest in the world. We're doing it. We're doing it. So definitely keep us in your thoughts and let us help you build outward. And we definitely look forward to the next space.
Advancements in Blockchain Technology
Thank you, Tyler. Thank you, man. All right. Neon. Yeah, hi, Amsterdam. I'm not sure I personally will probably be coming. When it comes to Neon, EvM is the evM of Solana. So if you love EVM Dapps and you want to get on Solana, we're the way to do it. And if you love Solana and want to see more Eth and the Eth community, then you're going to love neon. And once again, thank you so much, web three, for having us. It's always a pleasure being here. It's just a shame. Tonight was a bit of a rug for me getting on here.
Community Engagement and Response
Yeah, it's always fun dealing with that stuff. Sorry about that, man. But thanks for making it. I appreciate you. All right, mint Lair. Yeah. So we are about to launch our l three ck Thunder network is the next big milestone. But in the meantime, we are planning a few community activities. We are about to also announce that we partner with one of the largest telegram games. This is exclusive. I cannot say which project yet, but we will be announcing it soon. So we are. Yeah, we are expecting a big community growth on the following months before end of the year. We have good news coming.
Future Developments in the Ecosystem
So, yes, stay tuned to the mid layer ecosystem and soon you will be able to test all the products that we are working on. Awesome. Thanks, Dash. I know you're dying, man, so I'll let you go. Thanks. The days of plague will be over soon, but yes, thanks very much for having me on. And also, good to see our hive buddies here too. Yeah. So we just released a platform called Evolution, which basically has an entirely new blockchain for decentralized data storage. And as a big part of this, we're rolling out usernames and contact lists over the next few days so you can register username, friend people on the blockchain, lose your wallet, whatever, put your c phrase back in, all your contacts, all their interactions, all the encrypted messages related to payments, etcetera.
Innovative Features for User Interaction
It's all there. And that's the first step of a lot of cool stuff we're doing. So follow us here, obviously, at dashpay, follow us on Hive at dash pay, and, yeah, watch the cool stuff roll out. Awesome. Thanks, Freddy. All right. And last but not least, our sponsor for this week, Nimik. Okay, maybe Nimik got. Sorry. Okay, cool. Sorry, man. Yeah, just. Thanks very much, Tyler, for hosting again. As always, great to. Great to hear from all the projects here. Some projects we. We know and well, but some projects we didn't know about.
Nimik's Transition to Proof of Stake
So really appreciate all the strong insights and glad to see everybody's putting together strong organizational cultures and structures within their project because, like I said, we need to push through here as an industry and. Sounds great, Nimix. Really excited. We. For, like, you know, the past two years, we've been working on a migration from proof of work to proof of stake, and it's finally here. We're super excited that the process is underway. Stay tuned. We're giving away $250,000, but in Nim, so over 200 million Nim as part of our pre staking campaign, which is, as many of you may know about.
Incentives for Community Participation
Proof of stake is a very important part of the process for holders to pre stake their nim, to help support the network. And to do so, we've incentivized them with a ton of rewards and giveaways. So it's all taking place in the next couple of weeks, after all this time. So we're super excited, super thrilled and really happy to be able to announce these things to the community that has long awaited this migration. So thanks again, Tyler, for hosting, everybody. If you'd like to participate, I linked the information in the replies to this thread, and we look forward to you all being part of the pre staking process and having a successful migration.
Wrapping Up the Summary
All right, awesome, guys, and good luck with that. And thank you guys for hosting this week as well, man. Really appreciate it. All right, guys. Well, yeah, follow everybody. Like I always say, you never know what could come of it. This has been web three global talks episode 188 I'm gonna see you guys tomorrow. For episode 189. Until then, stay safe, guys, and have a great day. Talk to y'all later. It.
