Space Summary
The Twitter Space Web3Exposed ️ hosted by _ShaniceBest. Web3Exposed delves into the intersection of art, culture, and technology, showcasing innovative projects by @Expos3dMedia and @Beezie_io. Shanice Best's unique contributions add depth to the discussions, emphasizing collaboration and creativity within the art-tech community. Industry experts provide insights into the evolving landscape of Web3, offering participants a glimpse into the future of art and technology collaborations. This space serves as a valuable platform for networking and knowledge exchange, propelling the art-tech domain forward with groundbreaking initiatives.
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Space Statistics
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Questions
Q: How do @Expos3dMedia and @Beezie_io contribute to the fusion of art and technology?
A: @Expos3dMedia and @Beezie_io create innovative projects bridging the gap between art and technology.
Q: What role does Shanice Best play in the Web3Exposed space?
A: Shanice Best brings a unique perspective to the discussions within Expos3d Media.
Q: What themes dominate the discussions in Web3Exposed?
A: Art, culture, and technology converge to shape the dialogue in the Web3Exposed space.
Q: How are collaboration and creativity highlighted in Web3Exposed?
A: Collaboration and creativity are key drivers that define the essence of Web3Exposed.
Q: Why is Web3Exposed significant in the art-tech community?
A: Web3Exposed serves as a vital platform for networking and knowledge exchange in the art-tech domain.
Q: What insights can industry experts provide in the Web3Exposed space?
A: Experts share valuable insights on the evolving landscape of Web3 and its impact on art and technology.
Q: What future trends are showcased in Web3Exposed discussions?
A: The space offers glimpses of innovative projects that signify the future of art and tech collaborations.
Q: How do engagements with @Expos3dMedia and @Beezie_io benefit participants?
A: Engagement provides exposure to groundbreaking initiatives and projects by @Expos3dMedia and @Beezie_io.
Highlights
Time: 00:15:49
Innovative Projects by @Expos3dMedia Exploring groundbreaking initiatives at the intersection of art and technology.
Time: 00:30:22
Shanice Best's Contribution to Expos3d Media Highlighting Shanice Best's unique perspectives in the art-tech discussions.
Time: 00:45:11
Art, Culture, and Tech Conversations Delving into the symbiosis of art, culture, and technology shaping Web3Exposed.
Time: 01:05:37
Collaboration and Creativity in Web3Exposed Unpacking the significance of collaboration and creativity within the space.
Time: 01:20:55
Insights from Industry Experts Gaining knowledge on the evolving Web3 landscape and its influence on art and technology.
Time: 01:35:42
Future Trends in Art-Tech Collaborations Exploring upcoming trends in innovative projects merging art and technology.
Time: 01:50:18
Networking Opportunities with @Expos3dMedia and @Beezie_io Discovering networking and engagement possibilities with industry leaders in the art-tech space.
Key Takeaways
- Innovative projects by @Expos3dMedia and @Beezie_io bridge art with technology in Web3Exposed.
- Shanice Best's role in Expos3d Media introduces a unique perspective to the space.
- Art, culture, and technology converge to shape the discussions in the Web3Exposed Twitter space.
- Exploration of the birthing process and building activities at @Expos3dMedia and @Beezie_io.
- Collaboration and creativity are key elements driving the essence of Web3Exposed.
- The space emphasizes the symbiotic relationship between art, culture, and technology in the Web3 era.
- Insights shared by industry experts shed light on the evolving landscape of Web3 and its impact.
- Web3Exposed serves as a platform for knowledge exchange and networking within the art-tech community.
- The discussions in the space offer a glimpse into the future of innovative projects intersecting art and tech.
- Engagement with @Expos3dMedia and @Beezie_io provides valuable exposure to groundbreaking initiatives.
Behind the Mic
Opening Remarks
In my morning I'll tell you what you want, baby. Yo, yo. Happy Friday. Mike check. Can you guys hear me? Awesome. Awesome. We have a big show in the thor. Very excited for today. 06:20 p.m. eastern welcome. Web three exposed is officially live. We got a lot to go into. We have some great updates. Hopefully you guys are printing. If you're not, I'm not going to be an asshole and say skill issue, but let's be real. You know the answer. We're going to get into all the amazing topics as well as Ama with the founder of Magic Eden, Mister Jack. He'll be here in a few minutes. And I'm actually really excited for that because I've been. I've been a fan of Jack specifically for a while because running something like that is not easy.
Excitement for the Event
And so I know a lot of you been using me as well for a long time. We all have. We all have. Magic Eden is what ocean. Ocean what open sea wishes they were. That's no here or there. However, I'm really excited for today to have the honor and the pleasure to have an AMA. And arguably, this is going to be the best spaces Jack has tuned into all week. Yeah, I know the vibes. We're going to get started in just a second. Like comment repost the room. If. If you support good people, okay. If you don't, it's okay. You don't have to. But like comment repost drop your Solana address. I will be giving away some Solana today the way I do every single show. Thank you very much for your support. That is the way I continue to give back. Thank you. Thank you. Thank you. Let's keep it up, baby. We live. Chocolate. I see you, baby. Chee bubble.
Community Remarks
Some of you would not have a bag if it wasn't for magic Eden. Right now, ladies and gentlemen, and you know it. And you know it, life is all about you and not at all about you. Now, that's two opposing thoughts, and you're. Both of them are true. How do you experience everything you choose to do? Last second, the speaker died, so I'm gonna sing for you guys. Here we go. no, I'm just kidding. I'm not gonna sing for you. but we are definitely going to get started in just a second. I, I don't know if you guys realize this too. The summer is over. The summer chop is over. If you've run out of liquidity, you better figure it out fast. You better jump in your car drive, uber or something, because there is no reason for you to be missing out on what's going on in the markets, or at least not be prepared.
Preparing for the Market
You need to be prepared at the minimum. At the bare minimum, you need to be prepared. I think my favorite thing about the co host on the show is they, like, complain to me that I'm late, and they act like they're waiting by their phone for me to go live, and they're not. They're not waiting by their fucking phone for me to go live. They're on deck screener trying to figure out a how to come up real quick. Probably buying Sui. Probably also buying Sui as well. Speaking of Sui, I. Williams only been calling it for the last, I don't know, seven months here on the show, as from a price point perspective, we're not even talking about tech. You know, we all love our coins, our precious Eth and Solana bitcoin, but we're talking about just price point opportunities in fucking same. Literally insane. so, yeah, I, Oh, my God.
Reflecting on Market Conditions
You guys have no idea. It's literally October for a fucking reason. There's a reason it's called October. It doesn't start on day one, two, 3. October is 31 days. 31 days. Not the answer. That's the hype. Otherwise, you couldn't differentiate between the two. Awareness but of who you think you hurt. And I promise I was playing. They say we're all wrong, but where. Have we been headed to? I'd rather die free than have to live inside of heaven. Jenna. My destiny is perfectly aligned with this location. I am the master, so I travel back in time I have everything I. Want is my imagination, mind but mine. Is not enough desire is not my. Mind I can see it all but. Never get to see I'm truly blind.
Personal Background
I could be at all but all. Identity is intertwined the moon is only bright as it reflects the sun's shine. Hey, what, what? This is this shit that my daddy erased me on niggas got lit off the features I scared it on I gotta know how you get lit off the nigga, you hate it on numbers untouchable they got the data wrong this is the moment I. Know they been praying on hey, what? Hey. Try not to boy over fuck it, I'm saying, oh keep on sending. Me sex to go crazy on 40. Keep saying it's time to be patient there's so many people we turn in the tables on capital got plans but. We'Ll say that but later on hush. And keep saying they know that they. Played it wrong katie just test what. The fuck will be waiting on me I'm expressionless niggas be talking about don't shoot a messenger pop out of throwing success in your face.
Personal Experiences and History
All of these baddies obsess on my face all the shit they don't address in my face. I can't be showing no stress in my face. No face, no face, no face, no face. No face, no face. Guys, yo, yo. What is up? You, Kanye, first and foremost, for making me. You know, I don't know if you guys realize this. Kanye west all, even if whatever, nineties, two thousands, music is never going to be the same again. And you're probably wondering, what does that have to do with anything in crypto and web three? It doesn't. It has nothing to do with it. But you know what I will say, culture. Culture is very important. that word is thrown around so much in our space, and this is not. I'm not just saying this. You know, we have a lot of topics today.
Exploring the Industry
I really want to talk about product market fit. I really want to talk about all the. All coins and the shit coins that everyone's having fun in right now. I want to talk about how, you know, utility coins you thought you should hold for four years are doing nothing. In reality, let's be real. A lot of people bought utility coins because of the price going up, not because you actually cared for the tech. A lot of us try to act like we care for the tech. You're not building anything on the tech. Why do you care for the tech? Let's be real. You don't care for the tech. Now it sounds good. It fucking sounds good. It always sounded good. It literally always sounded good. But there's, like, a reason for everything.
Investment Philosophy
And, you know, maybe it's because I'm hanging out in these shit coin trenches with some of you more often that I'm starting to see things a little easier. Like, almost so obvious to where, like, stuff that I was like, okay, this is not obvious to you guys. In 2021, I was looked at as a flutter. I was looking at as negative. I was looked at as like a hater. Now it's like, oh, no, you know, don't do that. It's like, now it's allowed. Right now certain things are allowed. And it's funny because yesterday I cto'd my first ever coin, quote unquote. Quote unquote, right? Yeah. I'm not. Fuck out of here. Not about to make anything my identity.
Conclusion and Final Thoughts
But what's funny? What's funny? There was. It was so easy to, like, manipulate in a sense of, like, not manipulate the price, but, like, for example, there was, like, two big wallets that I was like, all right, if. If I get this chart to pump and I get these guys out, I'm happy. Let's be real, right? Let's get the. Just get the yeeters out of there. And it did. They two x. And they got out. And it's just like you guys are talking about. I have missed the days when you guys are bragging about your 50 x's. You guys are literally two xing. Fucking two xing. You could play blackjack and do better. You're two xing and you're celebrating the two x. It's one thing to take the two x.
Introduction to Diamonds and Community Questions
I don't want to take too much more of your time. I got like, two more questions for you. What are the. So let's just, you know, just gonna rip the scab off. What are the principles around diamonds? Do bitcoin people and Solana people get the most diamonds? I'm not just saying that because I, you know, I got an Eth PFP, but I want to know. I'm sure a lot of people want to know, too.
Discussion on Diamonds
Yeah, it's. No, it's totally fair question. And I had this space with kingfather a couple of days ago. It was a good space. It was a good dialogue. He was very cordial. One of my lessons from that is actually, we should probably publish our principles about diamonds, like, in writing. So that's actually something of us team to think about. Just that we can put this issue to bed. And I didn't realize that there was so much frustration and confusion. So, yeah, a couple of things. How we thought about diamonds is this. Number one, OG loyal users should get disproportionately rewarded. It's just like, short answer. And I think a lot of folks, especially our sole early supporters, really want to know that. And that is true. It is. There was a retroactive diamond drop that was like orders of magnitudes above every other chain. And that was our way of showing appreciation.
Equivalence Across Chains
And then there is a second piece which is across the chains in an ongoing way. Whether it's like Sol, BTC, EVM, there is equivalents. There is no funny business in terms of if you spend ten k on bitcoin, you will get five x more diamonds than if you spend ten k on soul. It's actually equivalent. The factors and weights are equivalent. The third thing that I think probably just deserves a bit of nuance, and I think that probably may have caused a bit of confusion, is we count engagement and volume in us dollar terms. In us dollar terms. And what I suspect happened is that during the deep bear, the deep soul bear, some of our folks, some of our users were heavily engaging and they did spend a lot of soil. But in us dollar terms, it got smoothed out, right? It got discounted out.
Addressing Confusion and Loyalty Rewards
And I'm going to look into this. I got some wallets from the community, and every wallet that we saw, it was invalidated. Like, our algorithm, like, algorithm wasn't wrong. But I do think that probably that may have caused some confusion in the perception. And the last thing I'll say is that what we want is we also, the last thing is we want to reward continuous loyalty. So if you are OG user, there is actually a chance for you to unlock a bunch of new diamonds. And your, like, vesting rate, if you will, or unlock rate of diamonds should be far higher. But you just have to keep you know, you just have to use the platform a little bit now.
Solana Token Trading on Magic Eden
So if you've been using it for a long time, if you use it now, actually, you should be able to get, you know, a lot higher multipliers. So those are the principles that we put behind it. We're doing a lot of DD on the algorithm. And, you know, I'm looking, I think it probably is right for us to publish something in writing so that, you know, we can put this issue to bed and provide some written transparency to users. You know, it's funny, people say they want things in writing and they want beautiful announcements and tweets, but they don't care for the jack. This is what they want. They want to hear your voice. Even though a tweet should suffice. It should. It should be just fine with the tweet.
Future of Solana Trading and Community Engagement
So our last question for you, and I, actually, I'm excited to hear this answer because I know your spirit. You're a grinder. You're a hustler. A hustler can read another one. You want to keep shipping. Do you see Solana token trading having a place on Magic Eden? Yeah. Yeah. Thank you. Yeah, definitely. It's like, what we're looking at right now, we already have it in our mobile app, but we don't have, we haven't really put on, like, the fuel to do get into growth mode for the mobile app because we still have, like, some quality issues. But we also want to put that on our web marketplace so that it's more obvious.
A Vision for the Future of Solana
And, you know, like, actually, for what it's worth, by the way, I have a very. I had this call with Raj a couple of days ago, a very heartwarming call. I have a really good relationship, for what it's worth. Even imagine you don't wear multi chain cross chain. I actually think that as we build more use cases, as we adopt the Me token, use this to accelerate, help us grow our community. I actually really think that Seoul is going to be one of the big winners in terms of community and chains. I mean, it's really Seoul season 2024 and I think it's going to continue to be Seoul season 2025. And there's really amazing innovations there.
Agreement on Revolutionary Ideas
Yeah, so totally agree with that. And I also think that someday, not soon, but someday, we're going to look back and be like, oh, that wormhole de gods thing was actually, like, pretty revolutionary for its time. Right.
Challenges of Omnichain Technology
The problem that we're going to have with the omnichain thing. And I think that this is something that people much smarter than me should be thinking about in advance. And it's going to be more of a problem with tokens than it is with nfTs. But arbitrary opportunities are going to be huge because currently, and we see this a lot in tokens, and we saw it with d got bridging, too. So everything trades on its own. Right. Every time you bridge something to a different chain, it creates its own marketplace within that chain. And that is not correlated at all, necessarily with the original marketplace for that asset.
Market Behavior and Pricing Issues
And so you have things like, I saw, maybe it was this week, maybe it was like they all kind of blend together. But recently on the timeline, there was a meme coin that had come out on soul that they also made one of, and they were like, oh, it's now dead on Seoul because all the volumes on ETh are vice versa. Right. And truthfully, if we're talking, like, pure economic theory, and what should happen? Pricing power of parity should be consistent across chains for the same asset, and there should be, in theory, no arbitrage. Right.
Liquidity and Bridging Concerns
And with nfTs, you have a less liquidity. So it's a little like less of an issue. Like, yes, you have problems with, you know, if you bridge something and then there's no way to bridge it back and you're stuck, and then you have a shittier market for it on that chain. But as long as there's open bridging, if you were unable, in order to get what you could out of that asset one chain, you could just move it back to where it originated from. Right? Assuming that you're not like, you know, blur farming or like trying to trade and like trading nfts a little harder.
Challenges Faced by Token Markets
But if you're just someone who buys and holds and like is trying to sell something every once in a while, you could probably get around that you're gonna have to pay some fees in order to bridge. But like, it, in theory, it should be less money to bridge than it is that you would be losing by selling it on the chain with the inferior market, with tokens, you dont really have that. You are pretty much stuck wherever youre at in terms of what the market is for that token on that chain.
Arbitrage and Industry Issues
And its going to cost you depends on how much volume of the token youre moving. But I see that being a lot more of an issue in terms of arbitrage and avoiding arbitrage. I think thats something, something that's going to necessarily be, it's going to need to be solved before this can really be like fully omnichanne. And there's definitely going to be a time period in between where it's not. And that's going to, I think, provide opportunity to people who want to do short term trading and seek out those arbitrage opportunities.
Discussion on Arbitrage Strategies
Yeah, I don't know if you were for arbitrage in there or against it. But it was more of like a neutral. I mean, I don't really trade a whole lot. Like, I'm much more of a long term, like buy and hold. Like, I'm a big infrastructure person. I wrote a tweet this week that was like, if I had a dollar for every time I wrote infrastructure, I could be the exit liquidity for everybody. In web three, I just try to observe because I'm not necessarily talking my own book in these cases.
Ecosystem Value Perspective
It's just more of like, you know, it's, I think objectively it's going to be available. I don't think that's good from an ecosystem standpoint in the long run, because the people that create those assets want them to maintain want are going to want them to maintain value regardless of where they are. But I just think it's the nature of want. The tech has to catch up. Right. And it's going to take time.
Infrastructure and Market Regulation
The bridges are going to be available and they're going to be cheap enough before we solve how to mitigate the arbitrage opportunity. I just think it's, I think it's just true. I, regardless of how I feel about. It, but arbitrage exists everywhere. I just want to say that, like, it exists in the money supply, it exists in stocks, it exists everywhere, right? And I think that arbitrage is actually positive for markets because it creates liquid markets, you know, from illiquid markets.
Impact of Arbitrage on Market Dynamics
And the more arbitrage opportunities you create, the more trading volume you create. And it's really positive for platforms, right? Like, like me or Coinbase or any of these, because we already have arbitrage that already exists in the space. And a lot of people don't realize that. Like, why do I go to blur sometimes rather than me, because the price is cheaper, right? Why do I go to me sometimes rather than going to opensea? Because the price is cheaper sometimes.
Market Insights
And I think that even though there's a lot of ways to make money in this market, a lot of people are touting as if they're making thousands of x's and it goes back to a profit. Said they're flipping for two or three x's, maybe 35% plays. And, like, I see the same shit. I see the same shit across the board. Like, people are not really making money here. And at this point, I think it's slowed down to a point to where people have to really pay attention. I'm like, all right, am I going to choose the side of a 35% pump and try and dump before everybody else does, or am I going to choose the side of, you know, looking for the next big play? Because Luna printed for people, all right? And lots of other plays in 2021 printed for people. Made them a lot of money. And I. Were any of those memes? No, they were not. They were tech. And I think as tech progresses, like, if you're.
Trading Strategies
If you're in here for that, you're going to make money. I think if you're here just to trade and scalp a little money out of the market, you'll more than likely be the one getting scalped just to. Respond to that real quick, because divide's looking at me, so I got to go. Also profit. C says, hi. I think, like, I just thought about this, and it came to me as I was listening to you speak. Will, here's the thing with being an early, like, really early adopter. It's hard. Like, there is no WordPress to make your website. There is no extra whatever. There is no, like, nobody is telling you how to do anything. Whether it was when the Internet started or, like, pick something, anything. It's hard. It is always hard. And it's boring. Like, and it's hard, and nobody likes it. That's why you're early. You're early because you're willing to, like, claw your way into the weird forum that will explain to you, step by step, maybe, how to do that one thing.
Navigating Early Adoption
Like, it is hard. And if you were here early, you knew how hard this was. And even, like, divide looked at me, he was like, yeah, 2013 by bitcoin. That was hard. It was absolutely hard. And, no, it was not glamorous. It was not fun. It was, like, ridiculous. And you didn't even know if your. Money, it was like, three hops. It was terrible. Totally. And now it's like, it's easy. And that's when. And that's what I meant when I said, and then you're too late. You're not too late in that way, but you're too late to be, like, super early. And so that's when I'm thinking about that. Like, what am I turning my attention to? It's. What's the hard thing right now? That's probably the best way. Like, the best alpha I can give for people really wanting to, like, embrace early adoption, it's not going to be fun.
Challenges in Innovation
It's not going to be easy. No one will be talking about it. And if you're along for the ride, there's some really great networking and who knows what else that comes out of that. So, yeah, I just wanted to jump. In, and if the Ux doesn't suck. Then you're too late. So I was. I was only going to say that there will stop, that people don't want to listen to you. It's that they have so many. There's so many other people out there that are saying, like, you know, you got to get into this. This is early. This is. Right. Like, the pitch that you're giving is the pitch that everybody else is giving. The problem is that everybody else's pitch is on a short term timeline, right? And so, like, yeah, it might fail, but it's going to fail in a week, and then they'll be able to pivot and do something different, and they'll be like, all right, bro, sorry.
Long-Term Investments
But, like, you know, and you get a track record of, like, you know, you've hit ten out of 15 recommendations. So, like, yeah, you failed me on five, but it's only been two weeks, and you're ten out of 15. Like, you're looking good, right? If you start recommending, the things that we're talking about are, like. Like, real startup investing and real, like, building of businesses and infrastructure and tech takes years, right? So you get somebody that you like, hey, this team's doing this. You should check it out. And then in six months, they're like, hey, bro, you told me that this was going to be early and that it was going to be good. And, like, I'm down 50% on this investment. Like, what the hell? I thought you were my bro. Like, and they're never going to listen to you again, even though what you're telling them is the same thing that they've been listening to, just not on the timeline that they are hoping for or anticipate.
Community Challenges
Right. So I don't want you to feel like I will listen to you. I think that what you're saying makes a lot of sense. Right. But I'm also somebody who, like I said, is here for a much longer time horizon than your average participant. So, like, I don't want you to sound feel like you're shouting into a void. Sometimes I feel like I'm shouting into a void, and it gets kind of lonely. And I obviously already have depression, so, like, you know, it's just good to meet other people that think similarly. So I appreciate it. It's okay, bro. My whole. Check out my page, my whole platform, and everything is about mental health, and I'm doing really good right now. Today was one of the best therapy sessions I've ever had. It's World mental Health day. Shout out to mental health. That's all. I'm. I'm sorry for jumping in front of everybody.
Importance of Mental Health
No, you're good, bro. Totally. Okay. And that's actually a really good shout. I think mental health day should be every day. but that's a really good shot, for sure. I wrote a whole article saying that today. What happened? Oh, I wrote. So pin on my profile is like a. I don't. I haven't done a lot of writing for myself lately, but I did write something for World mental Health day. And the TLDR on the whole article is exactly what you said the World mental Health day should be every day. Bars. Go ahead, LinkedIn. Dang, so many gems. I always love when people like outer lumen and snacks come up, because these people are pioneers. I agree, though. I agree on, like, the sentiment that there's a lot of things that aren't attractive in the web three space, because when you really kind of zoom out, we're still in a bubble in the sense that, like, we operate in a tech that a lot of people don't understand.
Understanding Web 3.0
I mean, you're even seeing that in mainstream media. Ali Wong has a fucking clip that Betty from Deadfellas shared about how, you know, everybody in 2022 that was single was a CEO, NFT founder. Like, that shit. Comical to, like, the mainstream media of the people that don't understand this tech. And it kind of gives you that sense of advantage that if you're already here and listening, you are interested in something that the broad majority has no idea about, or they've had these preconceived notions that it's like a scam or like, just all. All of these things, right? But if you can pivot and begin to understand, I'm in web three for data ownership, for privacy, for security vulnerabilities, like, all of these things that you want to be sovereign over, that's where I think what to me, outer Lumen kind of airs to is that if you can begin to kind of niche those interests that you like, oh, like, I really fucking love privacy and AI that can kind of give me that, you know, stability of not having my data leaked and begin to niche those interests and find people that are building on those ideas.
Focusing on Real Solutions
That's what I think the alpha is. Those are the things that you don't see on the timeline because those are problems and solutions that haven't been found yet. So if you can really break that down on being like, well, why am I here? Whether if it's like money or whatever, then you can kind of begin to filter out all the noise, hopefully. If not like, make your bag, but at least know why you're holding it. You know, don't just aimlessly shooting is really not going to get you anywhere and it's going to drain you so fast. I just, I just had to, kudos to those because, yeah, you just got to love it. You got to love that you, as people that have been here two, three, four plus five plus years, even more, there's a shift that is constantly happening because there are people that are here that have been crypto for like, you know, more than six months. And the sentiment that they're receiving is completely different than what we have when we first got here.
The Evolution of Cryptocurrency
And, you know, I don't know, bitcoin was $10. I don't know, you're buying it through PayPal or whatever. You know, you're going to be able to buy Popo with Apple pay soon. Go ahead, Sam. Man. That would be wild. Look, a lot of opinions up here. I think the end of the day, it's better to ask questions. And like, the best question to ask is like, what are you willing to give up? Like, what do you, what is it that you're willing to forego? Because, like, it's kind of a utopian idea to be like, hey, everyone should be focusing on these more, like, innovative. And I totally agree. And this is coming from somebody who's been in this space since 2012. This is also why, in my opinion, some of the best developers in the world have left blockchain and moved over to IAI. Because, like, we talk about these things, but there's no product market fit.
