Experiences in the #Metaverse Polygon Village Wonders
November 1st, 2022
Hey everyone. Thank you for joining in for our AMA with our accelerator program project that and we will have Nicole and Francis. I have sent you the speaker request. Can you please accept that? Thank you.
0xpolygondaoThank you so much for joining in. Uh Nicole and Francis.
0xpolygondaoHey, how's it going? Pleasure to be here.
thenicolasweberMe.
0xpolygondaoHey, happy to be here. Yep. Thank you for having us.
francis_berwaThank you. Thank you for being here. And yes, our wonderful community, thank you so much for joining us for this amazing Amy that we would have today with Village Wonders accelerator project uh we have today with us where the topic that we are going to discuss is experiences in the Metaverse and we have meta game hub, DAU and simbin metaphors that's going to be talking about their project with us today and these two.
0xpolygondaoAmazing projects are also part of our Village Wander accelerator program and they are shortlisted out of more than 500 applications that were received on this first cohort of Polygon Village Village wanders. Thank you, Nicholas for joining us.
0xpolygondaoFounder of Meta Meta game hub Tau and Francis from Simbin, metaverse. Thank you guys for joining us. It's a pleasure to have you guys to interact with our community today.
0xpolygondaoYeah. Thanks so much for for the invite. It's a pleasure to be here and yeah meet all the amazing community of Polygon Dao and my cofounder camera. He's also here. I think he may be requesting to join and yeah looking forward to giving everyone some insights on on what's been going on in metagame map. We also had great conversations actually a little bit of alpha with with Francis and the Symbian team already. So we we're pretty familiar with each other as well. So that's that's amazing too and
thenicolasweberExcited for today's Amy?
thenicolasweberI I definitely agree.
francis_berwaYes, and we yes, Francis.
0xpolygondaoI was gonna say I definitely agree and I I do appreciate you guys having us and it's been such a pleasure meeting every other founder that's part of the program but also interacting with the Polygon team. So looking forward to having a conversation and insightful conversation and hopefully share some some new things with the community.
francis_berwaAbsolutely. We look forward to and before we deep dive into, you know, uh, the the experiences and metaphors and and the projects that you guys are building. Can we get a little about your background, a little about your back story? So can we start with Nicholas? Can can we start with you on your back story and your background a bit for our community to know you?
0xpolygondaoYes, yes, absolutely. So from my side, I I joined the crypto space in around late 2016 initially started a bit more from the investment side and supported a couple of B2B players in the Germany ecosystem. Back then there was like also 201718 the entire private blockchain hype and everything. So I did a couple of analysis there from the trade finance perspective, there was part of the founding team and head of Business Development that amazing blocks where we were.
thenicolasweberThe first two tokenize equity in the Einstein actually with the Liechtenstein Token Act and also have a bankers incorporation with ETH as as initial capital contribution.
thenicolasweberCo-founded Duty Tokenization Working Group at the European Blockchain Association and then together with Camilla and a couple of others we we started kind of the journey of metagame up DAO right as as kind of yeah the the entire metaverse high was picking up we we dove deeper into the space right. I actually got in touch through the security token initiatives right through some startups back then that we're trying to tokenize the equity and and we're getting into the Metaverse and yeah that then
thenicolasweberYears ago we, we we found that metagame, apdal and yeah later we'll we'll of course give some more background on that but yeah that's that's basically it and for me the core mission so to say in in in web three is is decentralization and pushing it forward as as much as possible.
thenicolasweberThank you. Thank you for this amazing background. Uh can can we also have X * a little about your background? Welcome Welcome for this to this pieces with us.
0xpolygondaoUh, you're on mute X times, unable to hear you.
0xpolygondaoAlright, uh, I think we're not able to hear him, but Francis, can we start with you?
0xpolygondaoYes.
0xpolygondaoAbsolutely. When he comes on he can maybe go after me. So yeah, Nicholas and I and of course their whole team including Epstein, actually I already know them and we we've had some introduction and really insightful conversation. The interesting thing is just we shared just a little bit of a similarity in the background. You know, my my involvement in this space also came later 2016. I didn't really participate or buy my first assets until early 2017 as we all remember.
francis_berwaThat that first bull run, but you know my background essentially we actually started creating a tokenization platform as well that was geared towards studios primarily in the real estate sector. We had to partner up with a lot of you know actual compliant broker dealers and you know a few compliance because we were in the West, we were obviously a US registered company but then we ended up realizing the lack of liquidity during that time because you know wrapping a.
francis_berwaAs security in in as a digital asset wasn't really always as enticing to legacy investors. So we decided to also incorporate an OT a platform which was so OT a essentially implying like online travel agency. So we had a booking platform and blockchain based one and they the main principle for it was to be able to trade your stay right. So let's say when you make bookings and you don't use all your bookings you can basically trade them or sell them to another user.
francis_berwaAnd on their hotels back end they would just update. So we we didn't launch that in the West, we launched that through a WeChat app for the Asia market just because we knew the travel, the travel industry was booming as far as you know traveling to the east. So we we had a lot of hotel sign up like it was about 70 plus.
francis_berwaUh, but also we ran into another adaption curve, right, because they're so new people really didn't know how to use it as much. And so, you know we we just kept experimenting back and forth. And later on obviously I, I've, I've picked up a lot of different skill sets and a lot of networks and and we've pivoted into investments a little bit as well as going into incubation and other other builds. So I'll save the the whole long journey of how many startups.
francis_berwaWe've gone through, but all equates to lessons learned and of course where we're at today.
francis_berwaWhich is some button, so I'll introduce some button when we get to, maybe after I others speak.
francis_berwaYes. So do we have.
0xpolygondaoX times back.
0xpolygondaoYeah, sorry I didn't I I I I didn't actually quite get it, but I'm I my my name is little bit complicated to to spell is actually X * Y = K But I I was like heck, who's talking?
xtimesyequalskHe was waiting for the rest of the words.
francis_berwaYeah.
xtimesyequalskNo, no good.
xtimesyequalskAlright, my my bad, my bad. Uh, I I should have said the entire thing. But yeah, can can you get welcome. Welcome to the spaces and can we get a little about your background, your back story as well?
0xpolygondaoYes, absolutely. Yeah, just to keep it really short, I started in crypto around 2017. Before that I used to work at different banks and financial services providers, but really got got sick of it really quickly due to, I mean you know how the the old structures are, how inefficient they are and and so I got together with Nicholas and started doing amazing stuff together.
xtimesyequalskI am a big fan of Dallas, you know, big fan of the matter is looking forward to talk about it right now.
xtimesyequalskThank you so much. Yeah, a lot of other things started in 2016, 2017 and you know some some of us invested in into these coins and some of us explored it through working and some of us explored through building and you guys are building such amazing projects. I've just been through your decks and and studied about your projects. So yeah, great, great work happening there and I'm sure our community would be very, very excited to listen to what you guys are building.
0xpolygondaoSo can we can we get deep dive into your protocol, the projects to learn about, you know, what you guys are building and its utility? So can can we start. Start with the meta game hub, da Nicholas and the Times.
0xpolygondaoYes, yes, absolutely. Um. So basically with Metagama Abdal.
thenicolasweberYou know our core mission is to make the metaverse accessible for creators, right. So there there is a huge issue right now when it comes to accessing the materials as a creator, as a builder, right. We also see this from our side as we are doing quite some development project with IP and so on, right. So therefore the core issue that we're solving and addressing is really that plug and play building in the metaverse, right, via unified builder tool, we we started basically our journey.
thenicolasweberMore from the perspective of land appraisal actually and and normal development. But then kind of realized that the biggest need really is that plug and play building for the mentors and started developing the first map which is already live, it's called DCL Edit. So it's specifically focusing on Decentraland and we are now kind of in the next phase of expanding this toward the go to unified editor for the Metaverse, right, with different complementary features from the analytic side right where
thenicolasweberSure. For lands, we have an Avatar module which we're developing that's also complementary specifically from the builder side matters loyalty system that we're plugging in. So different complementary features, but it's all about that building infrastructure for for creators. But I don't know Camilla, maybe you you want to add some points.
thenicolasweberYeah, absolutely. So um, some of the, I mean during this journey that that we've had with metagame hopped out, we've been able to experiment a lot because you know the the meta versus at a very early stage.
xtimesyequalskAnd given that many things are not done really exist in terms of infrastructure, in terms of pricing, we we thought that we wanted to kind of accommodate the different needs of the Metaverse. So how we started or how everything came together was OK. So nobody knows how to price metaverse assets, how can actually how can we actually get into this space.
xtimesyequalskWithout getting sort of say ripped off through paying too much money for something. So that's why we created some say the first land algorithm to actually price virtual land. But as the space moved on and as the space so to say evolved and matured this year, I mean you know how crypto moves at which speed things develop here we we started identifying new new issues.
xtimesyequalskThat this space has. So that's why we're now focusing on the creators. We know that the creator economy is going to be a multi billion dollar business and of course the creators need tools to actually participate in that upcoming industry. So that's why we wanted to create the appropriate tools for that.
xtimesyequalskAmazing metaverse as as as a word is is huge and it covers so many aspects and so many players within it and you guys focusing on on the one-on-one aspect which is creators and creators are are are more focused into building more focused into creating utility value to the users and and I I I think that's the kind of focus you guys are on and that's the kind of mission.
0xpolygondaoYes, exactly. It's, it's making it accessible to those, to those creatives, right, to really position themselves within that diverse spectrum.
thenicolasweberYes. So let's hear from Francis Abbad Simbin Meta versus well.
0xpolygondaoYeah, thanks for that. You know I, I like, I like the word that they always they use um, which is complementary that Nicholas first mentioned in that I when we speak they always say that which I think is a very key word, a complimentary. I mean we always talk about collaboration in what three, but also it's about the synergies and the way that most organizations may not realize until they speak how much they would be able to actually collaborate and and and how much maybe their technologies.
francis_berwaWork together. So for our case it was similar. Obviously you know we met during the village wonder and we've been talking about a few, a few initiatives or sort of strategies that we can incorporate together, but I'll save that for another conversation for now I do want to share what Symbian is. We sort of we we evolved a little bit of course, but the primary, our main vision is to build a a travel metaverse and and that's basically what that means is.
francis_berwaWe want to create an ecosystem that alters fundamentally how we are interacting with the real world, experiencing social like experiencing entertainment and and basically being able to participate in these new socioeconomic systems. And for us, the way we decided a niche and and how we decided to connect with the users as well as add value was through travel fire, right. So what we want to do is incorporate most things that we all hear as far as metal.
francis_berwaCourses as far as games like of course you know you, you have mini games and you have missions and things like that. But what we want to essentially do is give rewards that interact with the real world. So we partnered with Real IP's like you know whether it is you can see, think of them, no more business like regular businesses, but for now I'll use examples like think of Resorts, think of hotels and we also have private islands that we partnered with and you are able to through interaction wit
francis_berwaWin you know or or at least get certain perks for either in real world interactions as well as you know obviously the virtual experiences that you have with friends, so you don't you don't have to travel. But we say travel metaphors because we want to give a lot of travelers and more interesting lifestyle and to break these location constraints and connect the the the real world with web three. So that's why we went with the digital twin aspect, so part of our I guess.
francis_berwaOffering is, you know, the ability to to do things like OK, you can book trips, but also through API's you can you know play the game and you can visually see places that you may not have gone to before, but you see how it looks, whether it's if in the future you want to do it or you just want to experience it from the game perspective. So that's that's our, our, our differentiator and I hope that that clarifies, but I'm happy to go deeper.
francis_berwaAbsolutely. It definitely clarifies you know what the project is all about for sure. And also you guys are building like two different kind of metaverse projects. The the, the thing that comes to my mind and you know it's a little inquisitive to understand from you builders out here that you know Metaverse is, is, is actually very huge in in, in if if we got to explore what are the current.
0xpolygondaoOK.
francis_berwaChallenges in this space that you see and you would want your projects to resolve or to or your projects intend to resolve for the users. Francis, do you want to take this?
0xpolygondaoAbsolutely. I was going to ask if I can take this on 1st actually. So you know the the most the latest data that came out that we all know is you know lack of users or active daily active users, right. Like we saw the numbers that came out even from well known meta verses and that's that's you know that's part of this adaption where it's a buzzword and everybody knows about it. Everyone is exciting whether it's you know the gaming as well as the metaverse but the real adoption.
francis_berwaTakes time. It's not as if just because meta versus blew up in 2021. It means we have all the people from their web two games all the way here or even just interacting. So we're starting to see brands and companies come through. But I think one of the biggest challenges has been a way to to to add value to people and in and induce them to actually come and utilize this these new tech pioneering technologies and part of it is we have to find this.
francis_berwaSomething that connects with the people, not not only from the perspective of, hey, come and play games, you know, we saw that play to earn.
francis_berwaYou know was it was a big hype and then he died on and then we started to see everything from move to earn. I I've seen it all from sleep to earn and return anything. Right. But that's not that, that's not always a value ad because some people don't do things just to earn. They do things out of passion. So I believe a way to connect with the users is key. I mean one you know even for us we went with the niche of the travel just because during the pandemic we we saw a lot of travelers and a lot o
francis_berwaAnd we see that remote work is a big thing and we want to be able to you know collaborate and give creative ways for people to experience new places whether it's physical or virtual. But even for us we we had to do a lot of R&D and a lot of conversations with different industry professionals in order to really say, OK, this is the, this is the gamble will take, this is the path will take. But I think I think one of the biggest challenge has been how to bring the users from the traditional market
francis_berwaWhat value we're we're giving them in order to have them come through. So I'll I'll pick, I'll throw it to Nicholas and his team to see if there's anything they they wanna add that's different.
francis_berwaNo, I think it's it's perfectly on point what you mentioned Francis. Uh, I definitely agree. I mean with all the to earn uh models that there was really crazy hype and none of them or most of them let's say were unsustainable. So I I definitely agree with with that aspect and I think basically to sum it up from from our perspective some of the core challenges that we see in that we also specifically addressing on the one hand as I mentioned before the the limited accessibility that's currently.
thenicolasweberWhen you present, right. So I keep asking people, hey, like if you started today, you know, building in the metaverse or wanting to create something, what would you do? Right. And most people don't really have an answer to that. And that's crazy to think about, right? We, we want to make Web 3 accessible to everyone and really change something and like the one kind of so to say, I like to call it front end of Rep 3, the Metaverse, so to say as the entry point or the through the gamified experien
thenicolasweberIt is not even accessible and to most people and tangible, right. So I think that's one of the the key challenges. The other one is the the lack of aggregation, right. So if you look at the most successful web two applications, it's always or not always, but you know most of the time about aggregation whether it's you know Amazon aggregating goods, Facebook quote, UN quote, aggregating social right and and and so on. So therefore I think that's still missing as well that fragmentation that's cur
thenicolasweberPresent, right, it's something that needs to be solved, uh, specifically also from interoperability and standardization layer when it comes to the data side, but generally also the entire experience. And then you know, kind of the the last part, I think that yeah, we are we're using actually the term matters maybe a little too much and therefore I think that's also something where we should focus more on actually providing experiences, right, rather than let's say pitch.
thenicolasweberMaterial only. So. So these are like some of the the challenges that we definitely see in that that we also addressing with with metagame.
thenicolasweberHey, can I and maybe this is a question for Nicholas, if you guys have sent something because it thought came while you were talking about the aggregation and and and so forth, I mean if you look at.
francis_berwaYeah.
thenicolasweberI wanna say how I think there's also a little bit of a lack of business models. I, I, I've personally you know seen a lot of companies that raised a lot of money and all the way from 2017 times all the way until now, even even recently, right. You you see companies raise multi $1,000,000 but then they have to raise new rounds because they were you know using that money in order to actually you know build which is important of course products are a key products first but.
francis_berwaAt the same time, they really didn't have a clear path to producing revenues. And once they launched and they realized that users come and they are hyping your project and but they really just want to trade your token and so forth. But the actual business or the company itself ends up realizing that oh wait, we're just cash burning and our projections aren't really the way we thought it would have happened. Prime example is these games sometimes that come out, there's a lot of games in Web 3 rig
francis_berwaBut the problem is they they're only look at it from NFT sales as a way to generate revenues when we all know where the NFT market is now, right. It's so saturated and you just have to and and sometimes there's even a question of whether an NFT is needed. So if you look at the comparison of traditional game companies and people who are being in the game companies, they don't like this because of course, you know, they're like, wait, we've been here for so long, but all you say is NFTS, NFTS and
francis_berwaI don't even wanna use enough to use even though they're coming into Web 3. So I just, I just wanted to put that out there because like the revenue models is such a key component in this industry and especially from an investor perspective too, right. The VC's have to make returns and so if if if you don't have a clear revenue model sometimes that you know companies wonder why they're not getting their funding that they need. But yeah, I just wanted to add that input as another pain point I'm se
francis_berwaYeah, absolutely. You, you did nail on a couple of uh challenges, uh, within the industry, uh, anything that MGH Tau would like to add to?
0xpolygondaoNo, I mean I I totally agree with, with, with what Francis said, you know, I mean the business models, that's what I'm saying like greatly. The experiences are really lacking and we see how easy it can be to like quote, quote, easy, right. I think the Polygon business Dev team may say otherwise, but you know how, how quickly and seamlessly we can onboard you know let's say millions of users let's say let's take credit for as an example, right. So I think you know these type of models will will n
thenicolasweberWhich are relevant and they're focusing on the utility and the experiences, right? So yeah, fully agree with with the points that were mentioned.
thenicolasweberAll right, amazing. And can we can we also know at what stage is your project today if MGH star would like to take this?
0xpolygondaoYes, sure. So basically from our side, you know we we started as a double right, fully decentralized with the community say where we raised 1.6 million. Then we did a strategic OTC round where some strategic investors right such as ocean protocol, Polaris investment such as now also of course with the Polygon Accelerator. We also part of the brink and Animoca sandbox accelerator program simultaneously and are now structuring.
thenicolasweberKind of the next step of of let's say acceleration if you wish, right. And from the product side, we launched our valuation interface in November last year, right. So we have now around 150 hundred 60,000 requests on average per month on that where you know specifically land owners from sandbox is entering communities mainly right now, but in the future also others are you know praising finding the appraisers for their lands.
thenicolasweberAnd and other analytics then we have launched DCL Edit where we also received the Grand two grants actually in total of around 250,000 from the central and thou and they're basically uh, you know, also our scaling when it comes to adoption. So around 16 of 20 teams in the recent game jam that we did with the central and used our editor and we have, I would say around, yeah, 1000 plus downloads already from many builders in the matters matters developers if you wish, right so.
thenicolasweberUm we've been let's say skating on different angles right uh from the community and social growth as well right kind of a consistent growth and right now gearing everything up for for kind of taking it to the next level with with the upcoming fundraise and then of course also to be ready for the for the next bull market. Yeah I mean as we we said in the intro Cameron I right the the journey that how it started was really more from land portfolio and analytics but evolving kind of and.
thenicolasweberAnd bootstrapping more toward that building side. This is really the journey that we've we've gone through and now we kind of feel in the position to have our niche right to really um yeah scale and and to push mainstream adoption of this space.
thenicolasweberAnything your cofounder uh, would like to add?
0xpolygondaoUm, yeah. So I mean one more thing that that I would like to add to this is that all these things that we create, even if we experimented a lot and evolved a lot.
xtimesyequalskAre able to in a way.
xtimesyequalskSort of say build a whole ecosystem. So we talked about the analytics at the beginning. Those analytics are going to be a complementary sort of say tool of our builder hub in a way. So the idea is that you will come to the metagame hub Dallas a creator, I mean initially as a metaverse developer, but in future anyone could come and create their own scenes and objects. They will be able to actually have their build, their ID, they will be able to see what those objects.
xtimesyequalskAre actually valued at, they will be able to actually put them on a marketplace. They will gain reputation for creating stuff. So the idea of this the, the, the whole concept behind the metagame helped us to have these holistic ecosystem of tools and infrastructure. So anyone can build, value their assets and really create stuff in the metaverse, yeah.
xtimesyequalskAmazing. So kind of plug and play kind of a tool.
0xpolygondaoAbsolutely, absolutely. The idea is that anyone can come to the platform and can really create things and and really contribute to this amazing space which will, in my opinion take over the world.
xtimesyequalskYeah definitely. We all, we all think it would uh Francis, can you, can you take us to what stage or is your project simbin in?
0xpolygondaoAbsolutely, absolutely. These guys are impressive by the way. I mean they they just they just went through so much accomplishment there. We're not quite as you know a little bit late stage as them but you know we definitely look forward to some of their tools that they have because we we definitely need them especially things like the the the algorithms in order to do the values right the land value etcetera. So we'll we'll we'll we'll have a lot to talk about but for us we we've been focused on
francis_berwaUh, securing IP for the last couple of months while we were building uh. So you know just to to emphasize of course we are a I, I want to say we are very hyper realistic but we're trying to understand the the middle part between the hyper realism and you know how to deploy, how to effectively deploy that with the right sort of cost efficient put into factor. But we're we're hyper realistic metaverse and so for that we have a demo.
francis_berwaI will be launching this month in November.
francis_berwaUh, we've been focused a lot on on the IP. So we've signed a few real-world digital twins in the in the real world that we are going to do, including a launch partner that will enable people to kind of get perks when they travel to these locations or when they win from playing certain certain campaigns or certain 2 mini competitions. We also have focused on collaborating quite a few celebrities. We're we're just now looking into influencers, celebrities.
francis_berwaBecause of course the user base, there's a lot of campaigns, some of them want to do with us anywhere from the low hanging fruit of you know, performances to to other other areas. So one of the things we're doing with some influencer platform is being able to to send them to some of these physical location in activation with the game. We also have been talking and have secured about two game publishers because we can't build all the games ourselves, we definitely need to have a lot of people tha
francis_berwaWith us and maybe some of the winnings could go into some rewards for in real life perks. And the one of the interesting thing is we are going to make available our booking platform on on our website this month as well. We're working on figuring out the API's for being able to incorporate them into the actual Metaverse game. But at least for now they will also have like a booking component which also is interesting because a lot of these were three conferences.
francis_berwaAll over the world you know it's they they travel Metaverse partnership is definitely something that's been enticing and interesting to have a conversation with them. So you know that that's about as much hype hyped updates as I can share. The rest I I want to hold because you know I want to make sure I don't over promise and under deliver. So just keep up with the the road map which we're going to really send you one this quarter for for our our product launches.
francis_berwaAmazing, amazing. Yes. Uh, I I think you are the believer of under promising and over delivering kind of.
0xpolygondaoI definitely like that better. I like to mix. I like to surprise people.
francis_berwaWe love surprises of course you know you guys are builders, you guys are are building in in all kinds of you know you've got, you've seen all kinds of markets the bear, bear and the bull market as they say and currently it is termed as you know the current market as crypto winters or it's it's said that it's a bear market. So what keeps you going what, what is something that keeps you so passionate.
0xpolygondaoAnd going during this this market period as well to build, build something which creates utility which has good user experience and create a good user experience as well. So can you, can you Francis start with that?
0xpolygondaoYes, uh, you know I actually, I like this question uh because we we, I kind of always have a conversation with some friends about this, right. We always experience the the hyperbole and then the the low bears. The interesting thing about bear markets is I think your product and and what you're building gets tested because a lot of the hype interest sort of dies down. So for anyone to really show that they they like what you're building or to resonate with it, we we realized that.
francis_berwaYou have to really connect with these people to to the community to whether investors and so forth. So bear markets are are the best time to sort of validate and and get the right questions asked about your projects instead of just hype. I remember I know we we started our idea obviously before the bear really hit and we weren't we weren't fundraising but we were just sort of sharing the idea out there and it's evolved since of course but it was interesting because sometimes I remember just havi
francis_berwaKnow anyone would just be like yes, I'm down like right away like this is exciting. They wouldn't even ask questions, right. And then later on when the bear market and you just sort of talking about your project or updates, they ask you real fundamental questions, right. Like things like Oh well, how, how practical is this or how will the, the, the partners get value from this and so forth with the business model. And then you realize they weren't asking this before. So I I really enjoy this typ
francis_berwaBecause it's it's the best time to build. You know, capitalizing, just flying around. It's more smart money, smart partnerships because everyone is looking for value exchange, not just because you. You're not just gonna shield a project as much in the bear market and really expect people who who've been calm and analyzing things to fall for it. So it's it's more important to sort of build during the bear market that's that's my my inputs.
francis_berwaAnd MGS style can be can be your from you guys.
0xpolygondaoThere are absolutely no, I I completely agree, uh with what Francis said, one of the good things about the bear market is that there is no noise. So during a bull market, it's actually very difficult to stand out if you don't spend a lot of money in in marketing. I mean I, I remember last year, I mean the numbers were ridiculous. It was like, OK, you want to get your, your brand out, just pay us $300,000, pay US $500,000 and then.
xtimesyequalskCan get you out there and that's what pretty much everyone did. They raised a lot of money. They spent millions in just spreading the word and and just pumping their their tokens and pumping their projects which we actually refused to do from from the beginning. We were like no let's just show our products. Let's see what what let's let's impress people with the things that we're developing and well I mean during the the bull market it's.
xtimesyequalskCan kind of get gets a little bit difficult to put it that way because since there is so much noise, it's kind of hard to stand out without putting a lot of money into into it in terms of marketing. But in the other hand during a bear market you really see how rewarding it is to to actually create products that people are using and create things that are not just marketing, blah blah blah, right. So it's now we can.
xtimesyequalskReady. Say, hey we do, we have this, we achieve this. We were able to build these things. We have these many users and and and that's actually KPI, those are KPI's that count right. So for now and and giving that we focus solely on building during the bear market, during the bull market now we're going to be able to really position ourselves very well for the next cycle. So during this whole phase that I don't know who knows how it's going to last.
xtimesyequalskBased on on the, on the, on the macro data that we're getting and then the multi crisis.
xtimesyequalskWhich that where where entered. But the good thing is that now we can really have time to build our ecosystem really easily stand out when we deliver new stuff. So that's that's also really motivating because you see you see how it plays out.
xtimesyequalskYou know, and actually besides just us, I mean the data shows there's been more most of the big companies all built during the bear market. I mean, you know, you can think of it, I I think there's a few examples besides just like open sea and so forth, right. So it's not even just us saying that experiencing it is a whole different thing because you also have to have grit to be very honest. I mean we're talking about it's great, but you also have to really, really, I mean you, you have to unders
francis_berwaReally. But now you you become even a smarter founder, so to speak.
francis_berwaAbsolutely, yeah.
0xpolygondaoNo, I I completely.
xtimesyequalskYes, absolutely. And I think uh also during the the bear market the fundamentals to play around a lot and the focus is lot on fundamentals and creating that utility and user experience. Uh then then during the bull market where you know a little less.
0xpolygondaoOr would you see a little less developed project? Project also gets into the market.
0xpolygondaoExactly.
francis_berwaYeah, amazing. But I am also very curious and you know, very interested to know your experiences with the the Village Wonders accelerator program. How is that going and what's your what, what's kind of experience that you guys have MGH Tyler Co founders, would you wanna start with that?
0xpolygondaoSure.
xtimesyequalskYeah, for sure. So, yeah, go ahead. Go ahead, bro.
thenicolasweberNo.
xtimesyequalskGo ahead, Nico.
xtimesyequalskUh, sorry, um, yeah. So it's a bit hectic. I mean there's been at the events here right now. So basically yes. So village runners has been super productive from our side, right, because we basically from the product side entered with the let's say, yeah, pretty much more multi sided approach when it comes to also pitching MGH tower. That was one of the key aspects right where now we have been working on and we we are still in the process of you know kind of refining the documentation.
thenicolasweberAnd and also the branding side, right when it comes to how we position MGH thou of of course eventually MGH is always going to be a multi sided platform also from the business model, but of course that's not necessarily the yeah most attractive but say wording or phrase to attract the masses, right. So kind of working on that has been been super great. Apart from that you know also just diving deeper into the building side with the support of the mentors.
thenicolasweberRight. For instance, brand Mattress lead, right. France has been super supportive from the perspective of how we kind of can scale more from the building part, specifically also with this building infrastructure piece and the editor, right. And apart from that also with with the other mentors, I mean for instance, Hamza, right, he's already an advisor to MGH. So we've been also diving deeper into the already existing synergies that we are working on with him regarding matters and defect converge
thenicolasweberYou know other aspects, um around the the Community growth, uh, you know, from the tooling side and around also our applications and depths then generally I mean.
thenicolasweberLike we we we were fortunate enough to basically have a deep dive or have deep dive sessions with different departments right including also for instance the Founder's Office in regards to the secondary market strategy and the exchange strategy of MGH style exchanges, right, in regards to listing and everything. So basically you know we've been really getting a lot of support from different angles already that has you know helped us mature and grow and you know it's it's been really.
thenicolasweberAmazing you know and apart from that you know also all the other amazing projects in the cohort right. So there's a very good team spirit there you know we met also actually a few friends at DEFCON in Bogota right personally. So it's it's been really a good quarter for and really excited also for for the kind of next couple of weeks when everything intensifies even a bit more and we we have kind of the big yeah meet up and and demo day also in in.
thenicolasweberBangalore.
thenicolasweberYes, absolutely. How about you, Francis?
0xpolygondaoOhh man um what should we, what should I start?
francis_berwaThere's a there's a lot of value that we've gotten from this program. So you know, you you could be an experienced founder, but one thing that life teaches you is that there's always more to learn and there's always more, especially if you have a sort of like an open minded approach. So let me, let me put things into context. When we first entered the village, when the program, when we were selected, we had a whole different deck, a whole different pitch.
francis_berwaOf course you know, the fundamentals are the same, but their approach was different. So what what what Polygon does, that Polygon Dow does is they put you in touch with you know and more every core member of the Polygon ecosystem. So we started with just the branding, right, where we had a workshop with you know, the head of like the branding site from Polygon where we were just talking about how to better connect with the audience and how to better, you know, have our own messaging and our voic
francis_berwaUh, we had a conversation with that of communities to make sure we understood how to better align that right with the value we're offering the community. And then we, of course get us assigned to mentors that are much more geared towards our project, right? So if it's a metaverse, you get the the metaverse leads, or if it's a game, you get the the, you know, everywhere from the investment side to the investment team, to the people who actually do the research in your respective fields. So you're
francis_berwaOne of the most important aspect that I've realized is when they do community calls where they're bringing a speaker outside to also share insights. So for me alone, I didn't think there would be too much change, but I would tell you that we've, we've done if for, I don't want to say, I want to say maybe a 4040 degree directional change, which is better of course, because when we went back to even our our advisors that we already had before or people that already know our project, the conviction
francis_berwaThis, this is definitely better. It makes you know this is, I mean it we haven't had one push back, right. So I want to say the value especially you know we just talked about the bear market.
francis_berwaAnd uh and the importance of building during the bear market and and and so forth that's this. This has been the key. The last final final value that I I you know our team is extremely excited to to have has been the vouchers because then we have access to all of their ecosystem and that means that we've talked to companies that are a little that are more established that help us right. So anywhere from.
francis_berwaYou know, some marketing agencies that are huge that you otherwise wouldn't basically afford, right. They'll give you assistance with certain things just because you're part of the village wonder or if it's a certain, you know, we we needed some, you know, in our road map we had you know, certain staking protocols and things that we wanted to incorporate but we just didn't have the bandwidth at the moment. So we added it for later. The beauty is we now have certain you know like companies that d
francis_berwaI just wanted you know, mention that it's real hands-on like you know, value. And that's for me is more appreciative because we've been able to leap forward quite a few months and that's that's that's honestly something that you can't trade.
francis_berwaAmazing. I mean it's, it's very interesting to learn about the kind of value that this accelerator program or the Polygon Village wonders accelerator program is providing to the builders and that's what Polygon and Polygon ecosystem is known for giving that kind of support to the builders. And that's that's the reason we have like 53,000 plus dapps built on Polygon currently and are and and more building as well.
0xpolygondaoNow before we get into you know, the Q&A with our listeners and open up for their questions, just a final thoughts about you know, how can the Community participate with your projects.
0xpolygondaoFrancis, do you want to take that first?
0xpolygondaoUh we're just reach out to us whether it is Twitter or discord or I honestly our team is is just always available I'm always reach out. The best thing would be DM and Twitter but discord is obviously one easy low hanging fruit. I you know if you go to any of these channels you can also really find my my handle in case you guys need to reach out to me I'm you know part of part of building in Web 3. The beauty is like you know you can you can connect with anybody so.
francis_berwaAnd anyone who has questions want to collaborate or you know, value exchange etcetera, please feel free to reach out to us. We're, we're actually always open to that because that's how we've grown to this stage. It's through partnerships.
francis_berwaYes.
0xpolygondaoSame here. Reach out to us on discord, Twitter, LinkedIn or all the available social media channels. I mean we're at all, so if you also hold MDH tokens, you can actually participate in all the the process of creating this ecosystem. We are currently doing everything over snapshot and over there you can see all the proposals and all the interesting projects that we have going on. So we can also participate and get also included in in the in the working groups.
xtimesyequalskFor the different aspects.
xtimesyequalskAwesome, awesome. Uh. So with this, we will open up for Q&A with our projects, which is MGH, Dave and Simbin Metaverse. So if you have any questions for them, please hit in the speaker request. We will get you up as speaker and you can ask your question. So right now we have Robert. Robert, do you want to take your question for our projects?
0xpolygondaoHello, Mario.
mdromjanmdromj1Do you have any questions for our projects, Robert?
0xpolygondaoYes, ma'am.
mdromjanmdromj1Go ahead.
0xpolygondaoMy question is, I went to invest in your project and what are you starting your project for and how many people are up in your project and what benefits?
mdromjanmdromj1Yeah, missed that.
francis_berwaOhh, we we seem to have lost. Yeah, we we seem to have lost him.
0xpolygondaoAnyone else you would wanna have who who has any questions, please attend the speaker request and we will get you up as as speaker with our project in MGH DAO and Simbin Metaverse.
0xpolygondaoI think that means we we we conveyed our message really well, I hope.
francis_berwaUmm.
francis_berwaYeah, it looks like you guys have been read your message very well for sure. But yeah, let's let's just give it a minute. Yes, we have.
0xpolygondaoAnd while we're waiting.
francis_berwaYes, group.
0xpolygondaoOh, go ahead.
francis_berwaUh, we we have one. Uh. Guru Prakash, do you wanna take your question?
0xpolygondaoHey, hi. Very good evening. And so yeah, thank you for allowing me to share your space here and it is well and good to have you have you guys over here as well, so.
_the_ada_manAs far as I've heard, I think uh, the project has been explained, uh, pretty much clear. But um, I think uh, the previous one, I think Robert, I guess, uh he, I think he wanted to ask a question something like uh, uh, he wished to invest in your project and he's quite curious to know what is exactly happening in your project. And I think he's asking them in a short term basis and that's the previous one. And the question from my end is we have been.
_the_ada_manUh, we have been, we have been, uh, uh, you know, uh, seeing a lot of things going, going and coming, uh, in the web 3 space, uh, lately. So how, how? Well, the project road map is furnished in a way that it is keeping you unique and as well as.
_the_ada_manYou know, completely different project from these. You know ordinary projects that just come in a wave tide and just pass on as a passing cloud. So how do you differ from all these projects? I would definitely like to know from your point of view.
_the_ada_manGo ahead then.
xtimesyequalskYeah, if you don't mind, I can take this on first because we we had to, yeah, we had to think about this very carefully as well. It's given that there is so much hype as we mentioned previously with the Metaverse and so forth. So what what made you unique? But instead of trying to focus so much on what made us unique, we were trying to focus on what what actually help helps us become viable because we learned from all of the previous companies that succeeded before us in in funding.
francis_berwaAnd so forth. But then we saw the issues that they later realized, right. So it's always good to learn from your your peers by by watching the markets.
francis_berwaSo our unique selling point was we kind of foresaw that meta versus will be intertwined between the physical as well as the real, the real world. Obviously we're seeing brands transition into this space. We're seeing a lot of web 22, web three sort of wording you know in almost every web 3 industry as as a curve, right, as a means of adoption. So we thought to ourselves because originally we were just doing digital twins and we were looking at brands right to bring to help them.
francis_berwaCome on. So we had talked to like agencies that had clients that wanted to come into the Metaverse because if if we you know advertising agency for example like WP which is the biggest agency in the world. We spoke with them and they had like a metaverse arm that they I mean a web three arm that they were spinning up and they were saying well we're seeing Adidas and so forth and so we our clients have been asking hey how do we get into the web three. So they were trying to partner with meta vers
francis_berwaThink there it was for the sake of traffic. But when we asked the conversion like how did it actually work? Did he actually produce the result they wanted?
francis_berwaWe later realize that there's still so we're still so early. So we wanted to position ourselves into slowly building stages that helps us survive in the long term because everyone is is claiming as if the metaverse is already here or or that everything is all transitioning. But there's so much to learn and you know in two years it could be a whole different way that we interact with it. So our unique selling point has been we we've secured the IP's in with the real world, but the partnership wit
francis_berwaThat we work with these businesses to find a way to engage and incorporate within understanding that all of this is our ID because rarely everything has been done yet. There's new things, right? When we see companies come in to send back the central line etcetera, all of them, they're mainly experimental. So once you, you experiment, you get results, you figure out what works and then you start to niche. We decided because when we were doing digital twin, we decided to do the travel side.
francis_berwaBecause it incorporates everything. If you think about it, all of this is a new experiences. When you enter any metaverse, when you're walking around, when you're playing a game, you're sort of experiencing that journey whether it is real world or in a virtual. So we did the travel component because we can play around and be and be flexible with how we we gamify and how we interact with it. So that is that is the way that we decided to approach this market and also the travel component makes us
francis_berwaAre much easier because, you know, by nature we've always migrated since the beginning of time. We've always moved around. We still do that. It's just now it's a little bit more structured and so we're trying to find a way to to connect through these sort of journeys and that's, that's it. I'll stop right there.
francis_berwaOhh, that's that's nice, that's nice explanation out there. So um uh, it keeps me kind of intrigued and uh as well as interested to know more about your project as well. So I completely agree to the points which you said like we must be able to learn from the previous predecessors of the projects in victory and as well as when you when you were talking about the conversion rates of, you know, these projects so.
_the_ada_manIt's it's it's all about the hype I I can see that it's it's all about the hype. So once all the projects and things are on boarded and the conversion rate as you were explaining, I think it is quite quite contradicting as as the hype you know so it is it is totally agreeable to the fact that which you say like.
_the_ada_manHaving a sustainable ways to um project the project itself is it's it's it's quite a difficult path as well as you know a proper solution to it. So taking taking on taking on the path of sustainable solutions to the project I think.
_the_ada_manPeople, people who follow and the community who really encourage the project has to get on something, get on something, something more than an experience. I I I think according to the research and my experiences with my previous organizations, which is totally on the GAMIFY as well as meta versus and web three and also NFT. So I've been into this with three space for quite a.
_the_ada_manQuite at somewhere around three years. So uh, I'm also uh, you know, writing contents, uh as a freelancer. So uh, I've, I've been reading out and and also getting feedbacks from a lot of companies. So what I was actually seeing from my research is communities, these communities, they have to get something in return, you know?
_the_ada_manLike how we have Gala, uh there is something called the gala right? So but uh people uh in Gala are the community of Gala they they they are supposed to earn and the the there is a concept called as gala nodes. So how they are actually creating an economy for the gamers creating the possibility for you know the community. So that that's what I think. Personally I believe in keeping the project quite sustainable even in these.
_the_ada_manAt times. So that's, that's, yeah.
_the_ada_manThank.
0xpolygondaoI agree it should be a win win I I'm on the same page.
francis_berwaYeah, yeah.
_the_ada_manThank you. Thank you guru Prakash for you for for your question. Uh, we have two more people asking questions, so let's take on those two. Andy, do you have any question for our projects?
0xpolygondaoI think maybe you could say Daily Sun in case the names are.
francis_berwaAre not there.
francis_berwaI love you.
andy65935625Do you have any question for our projects please?
0xpolygondaoMy my question is.
andy65935625Undo your budget. Long term investment decision depend on.
andy65935625What's your projects investment decision depends on? OK.
0xpolygondaoDo yes.
andy65935625Uh.
xtimesyequalskAlright, so in yeah, who would like to take MGH?
0xpolygondaoI can take that one. Yeah, sure. So I mean, if you believe in the Metaverse and if you think that the metaverse is the next iteration of human interaction, if you think that the metaverse is going to change the way we do business in future and if you think that the metaverse is going to change the way that we experience the Internet, then you should definitely be into, I mean, no financial advice, but projects that are definitely building the infrastructure and the tools for.
xtimesyequalskFor that new era that is coming up. So that's the main, that's the main sort of say investment thesis and that in that in to put it that way, the the investment thesis is that the metaverse is going to really change the way we interact and experience the Internet. So that is one of the main things we really follow and and and try to build our products around.
xtimesyequalskThank you. Thank you Daily Sun for your for your question. Uh, we have Cosmos. Cosmos, do you have any question?
0xpolygondaoOK, good evening. Ohh.
cosmas91And my question, I have two questions to ask you concerning the Metaverse. You people are saying the metaverse. I think it will be the next.
cosmas91Bujin deck people space like how will the metaverse give potential to the Polygon? Matic, Decoin and dogs who and what is the best best site for like someone who want to stick his matic or Polygon? I think what is the best? Is he sticking in a centralization?
cosmas91Your own people say exchange please. These are my questions. Thank you.
cosmas91Ohh that's a that's a that's a a, A tongue twister for us. So we we we just to to elaborate a Polygon I I think one of the most important thing for us is to say we picked Polygon because of you know how how vast is growing. I mean it's it's now known in the industry and it continues to be a leader in in just basically the right positioning to to move this industry forward at least from our perspective we truly are.
francis_berwaI mean we we looked at every chain that you could think of including the new layer ones like Aptos and so forth but you have to go with the battle tested and of course foundationally set with respect to the the metaphor side and and and why you know from the game to the Polygon side is because we're seeing a lot of games come on Polygon we're seeing a lot of builders it's it's it's just like a big market now for the second part of the question for staking and I'm hoping I'm answering this correc
francis_berwaMy my other panelists can can help, but.
francis_berwaI I think there's quite a few it's it's based on choice to be frank because if it's about a you're you're asking for particularly the Matic token. So there's a lot of there's a lot of platforms out there that you can actually stake your matic for certain rewards. So I'm not sure if maybe that's you're you're asking in particular to us as projects or for Polygon in general.
francis_berwaNo for Polygon because I'm I'm just screwing up. But I think the day before yesterday I was checking on how to stick my my matic on your platform. I see different validators I think, I think I see different checkpoint boards. All the validators, I don't know they want to pick, but all of them are your platforms.
cosmas91Yeah, I've seen different.
cosmas91OK.
cosmas91I would, I would before we we finish, I would really like to add something to what Francis said regarding what is the OR how could Matic and the Polygon network benefit from the metaphors. I think it's really simple. So as as you know Polygon is a layer two, so it's meant for adoption and scalability. One of the issues that the Ethereum network has is that it's really difficult to actually get a high rate of transactions on it.
xtimesyequalskAnd if you think about the metaphors and all the interactions that are going to be happening on there, you will very quickly realize that the theorem is, as of now and at least in the short term, not going to be a solution for all of these new business models coming up. So in that case, all projects that are related to the Metaverse, to gaming, to GameFly.
xtimesyequalskHave to actually move to different chains and Polygon is as of now the best actually layer 2 for this because it's not only from the technical side very easy to manage, but also from the business side. They have been actually connecting and partnering up with multiple existing brands and IP that really helped the whole ecosystem grow because it brings new users on the one side to the Polygon ecosystem. But on the second, I mean if you are.
xtimesyequalskPart of the ecosystem already probably those users will be more prone to actually adopt the products they're building. So I see it as like as a synergy ecosystem that that is that is building up with on the one side scalability, IP brands and of course the technology.
xtimesyequalskOK. Thank you.
cosmas91Yes, that's good.
xtimesyequalskThank you.
francis_berwaThank you.
xtimesyequalskThank you. Cheers everyone. Have a good week.
francis_berwaBye, buddy. Bye.
xtimesyequalskHave a great day guys.
thenicolasweberRight.
francis_berwa