Hey Charlie.

Just getting the space started.

How are you? It's been a while.

In the world, how are you?

Is your day.

I'm doing, well, excellent. It's great to see Claudius here as well.

How are you Claudia?

I guess cloudy connecting or.

Yeah, he's, uh, just jumping in. Yeah, I, I think this is a great moment to start exploring some of the opportunities that are now possible with the latest technologies and those opportunities come from.

Tokens that people don't often think about when they're thinking about launching an NFT collection. I'm referring to things like ERC 721 A which is a gas optimized smart contract for maintaining multiple nights at once, or ERC San Antonio on R, which is a smart contract optimized for rug poles and then more recently ERC 4907, which is one of my favorites contract token. Rather that allows people to rent.

Yeah.

Tokens for limited amount of time. If you guys have any kind of thoughts on on that, feel free to share. If you have any questions cloudy, you're now on the speaking tunnel.

Yeah, what's that flower?

Catch you.

Now I'm now I'm launching my like 3D collection and he was like 3 hot 3000 pieces yet and I totally fogged up with smart contracts.

Because they miss it and like I create a collection like myself and I applaud like 100 items for the like special meant only for holders.

And then.

And then I wanted to like make the smart contract but I fucked up with it because you can't like.

I forget how this playing like you can't use smart contract when you already upload some items.

So yeah.

What what do you mean by for that like?

What you made I'm just wore whatever you get.

You you mean that?

What I mean like I fucked up like, Umm like I would love 100 items and now I can't use the smart contract. So yeah. So now I have to upload 3 fucking thousand in acts like myself.

So still you can't use your smartphone tracker.

Yeah, like like now I can't.

What, what? What was the issue? What was the problem?

That's because, like when you already create the collection and the when you already applied some items here, you can't use smart contract because when you use smart contract you should create the collection with this micro track like already and deployed the first items we smartphone Jack and blah blah blah.

Like, yeah, you know so.

Yeah, I'm glad you mentioned the clouded because it is very confusing. Oftentimes people, especially people who have not dropped, and that's before. Sometimes it can feel overwhelming. I wanted to kind of highlight there is a two step process in the collection launch. If you were step one is deploy the smart contract. Step 2 is mint NFT's. Oftentimes, you know you can modify. You can deploy collection. You can make modifications to that collection.

As an owner, as somebody who has ownership of that contract and you can do that before you meant that first FT, so you always have flexibility before you meant or before the community meant, but I do want to make sure that people know this, because sometimes it feels like just because you uploaded it doesn't necessarily mean that you're stuck with that, either metadata or those images.

Yeah.

Hey Kate, good to see you my friends.

This discussion is, uh, it looks like it's definitely sharing our our ups and downs, our struggles. I I recognize that even for my clients dealing with the smart contracts is not a very easy and even though there are many tools and libraries and frameworks and platform to make it simpler, it's still very challenging, especially for those who haven't been in the space. And I can always appreciate. Kind of.

The willingness to to test this out because it's not easy. It's not for everyone, but those who do try the the the people who do take risks are the ones who too see the most return on their investment. It, you know, take that with a grain of salt. Obviously the the crypto markets are not helping anyone in this space in regardless of if you are profound or a marketer or developer. But there are some signs that we can pay attention to and there are opportunities.

For people to use the right strategy, so I'll just briefly mention one thing here is that.

The price of Ethereum has been rising for for about a month and the price of Solana has been rising for about a year, so that kind of holistic picture of those time scales. You know we're not talking about a day we're not talking about a week we're talking about at least a month to a year time frame. You can make profit even if you do nothing except for look at the price, and you can still be successful. And then it just comes down to strategy. It's great to see you kite. Welcome to the speaking

No.

Hate

Yeah, I just I just I just wanna.

Ask you like.

Can you talk more about the year C 4907?

Oh yeah, definitely. So this is a great token center which recently became finalized. Sometimes people refer to this as rental NFT's.

I, I think this is one of the standards that has been in development for some time. Given that there were other token standards that tried to implement something similar. So for those who are not aware 4907 was finalized on June 28th, that's.

Let's see, that is about 20 days ago. Roughly a month ago, so this became final as a token sender. What that implies that anyone who is interested to create essentially expiring.

Tokens whereby token is issued to somebody for a period of time and then after that period it expires. Then I definitely encourage you to check out 4907 I. I'll see if I can do a pin tweet later as I chat about this, but it's an amazing implementation. There are now platforms that are really off to the races trying to make this work. Three come to mind re NFT, Vera and IQ protocol. Those are three platforms that are doing their best to implement.

Mind you, like I said, it's not the first time that this idea of an expiring token has come up. There has been other implementations, including ERC 809 and ERC 1201, but this particular implementation, ERC 4907, is the one that got the most attention from the community is the one that got adopted is the one that got reviewed and finally finalized as of about a month ago. So definitely check out this rental FT token standard.

So you mean if you're using the SC 4907 like you don't need to use the S 721?

I mean just.

Did you say 4907 got the same futures too like?

Also, the renting future on it.

Yeah, it's a great question. So one of the the best things that we see in this space is basically leverage, right? So one token senator leverages the work of another. Now in this case, this rental in FT or ERC 4907.

Is a token centered that builds on top of two existing token centers, one of which is that you are C 721. So what that implies is that if you have an NFT and you have some artwork, some video, some animation, whatever it is and you want to tokenize it and you see value in allowing people to hold it for a period of time, that's when you would consider for 9:07. So it is backwards compatible, because it requires that.

ERC 721 token standard. As part of the implementation, but it's the the token Thunder itself. 4907 is not required unless you have those use cases, so I'm actually I'll do my best now to explain a few use cases because you know this idea of expiring token is not very clear at first sight. So the most common way that people have been using this token without realizing is from the perspective of a membership. If you have a membership, you have an expiring token.

That's sort of the simplest knowledge I can think of. It's an expiring membership because at the end of typically one month you need to pay for lose access to that membership, so this is the the the most commonly one of the I would say. Yeah, definitely. One of the most common examples I can give, and there are lots of businesses that did very well with memberships, especially during COVID time, and I bring this up because if there's any founder, any developer, any entrepreneur in the room.

He is interested to leverage the latest token standards and they are thinking about how they can do memberships differently than I definitely encourage you to check it out. Mind you, the idea of membership and FT's has been around for some time, so I want to contrast the two. People may have heard of this idea of a token gated membership or membership NFT's, or just NFT memberships. This is slightly different membership in FT's is where you have a token, and that token gives you.

Access to something it can be implemented as a tier whereby you have multiple you know plans you have. Plan A, Plan B, plan C or kind of basic pro premium plan. You pay for that plan by first.

Acquiring the token and then holding that token in your wallet, if you hold the token you have access to whatever the membership benefits. I'm not referring to that circumstance. I'm referring to a different circumstance where if you hold the token, there is a timeout, there is an expiry date on the token itself. It's written on the contract, it cannot be modified easily unless you have a user interface or or a function called that does that nonetheless.

Expiring tokens are different because they always come back to the original owner, and that's the difference between membership and FT and rental in FT's with rental FT. You give somebody a token for a period of time, and then you get it back with membership and FT. You give somebody token, and you impose conditions on what they can and cannot access, so hopefully that makes it a bit clearer. Hey kids, it's great to see you you're trying to connect here again.

If you have any questions or insights, feel free to share. Oh, hey Yakupov, it's great to see you as well. We're talking about different token standards. We're at least at the moment discussing your C4907, which are often called rental NFT's and and feel free to jump in and have a conversation with us as well. Hey guys, you're you're now able to speak. Feel free to share anything you want.

Yeah, sorry I had my phone crashed at Twitter. Yeah so you can. You might be able to use the token as a method of giving out whitelist too right? Maybe for other you know other like if if the whitelists are the benefits and stuff. So there will be a secondary market for the whitelist too.

Oh yeah, I'm actually glad you mentioned this Skype, because this is actually where most of the the teams, the projects that leads are focusing. They're focusing on rental marketplace, hence the name rental FT and that allow people to borrow these assets for period of time and then get it back. So why would anyone want to do this? Well, like think about the traditional world, right? You can borrow a car. You can borrow a real estate property.

You can borrow pretty much anything you want and so that idea is now extended into the crypto universe and people now can achieve this same mechanism using a smart contract, and because it's still in standard, it just makes it so much easier to implement and makes it so much easier to agree upon, and that's why we see platforms like reef T or Vera or RQ protocol are really doing their best to launch with some rental mechanism, because that's exactly what it's useful for.

Hey Claudia, welcome back. I know you you dropped out but I'm glad to see you're back.

Yeah bro, my phone just died but I just wanted like charger. Yeah so I'm so sorry for interrupting this space but.

For like 2 minutes.

Found this and if teeth and smart contract tell me about yourself, please like who are you?

Oh yeah, definitely.

I've been in the software world for about 10 years in the.

The world for about four and NFT world. For about a year. And I see myself as a crypto founder, a crypto developer, a crypto marketer. I understand development, that's where I started from. And then I realized that as I was creating different pieces of code and scripts and programs, I realized that there were people who needed to benefit from the marketing side. There were people and and clients of mine who needed to.

Leverage the latest community, best practices or the latest.

Let's say sales best practices and that kind of led me to do a little bit of education that led me to build an agency that if if you're interested, feel free to check it out. It's under my Twitter profile called Phoenix and Phoenix is an NFT focused agency we've been doing essentially NFT related creative work since last year. And yeah, it. It's a amazing time to to look at tokens.

And crypto because it's it's so early on and I'm just very fortunate to have transitioned myself and and my team to focus on the FT. I think the opportunities are almost unlimited, especially if you create a token standard that gets used by other projects. This is why you know teams like Uzuki or AZUKI rather have done very well. It's because they launched the ERC 721 a token standard for those who don't know it's a token standard that allows people to mint.

And left at about half the cost and meant multiple NFTS at fractional costs compared to the traditional ERC 721 token implementation. So this specific implementation made by Uzuki Azuki team rather has done very well, to the point where they developed their project. On top of this token standards, rather on on top of their idea of the token standard, they made the token standard into something more than just an idea. They open source it with the community.

You can go on GitHub for example and see the code to ERC 721 A so you can better understand what they've done. They've blog post they've done education, other projects, all the value, and they all jumped in as soon as other projects saw that you can save gas while minting it became a clear winner. Like why wouldn't she want to use ERC 721? A token senator? More recently, if you're kind of interested to to, you know, get up and running very quickly with this specific gas efficient.

Implementation I highly encourage you to check out third web in the last day or so they dropped their latest release announcing that they have integrated ERC 721 A into third web platform and that just means that as a creator, as a team you can click a few buttons, type a few things and you can launch an ear C-721-A smart contract very quickly. And in fact this is one of the things that I did earlier before this call. I helped one of my clients leverage third Web to launch.

And we launched an entire collection in less than an hour. So it's quite amazing to see. And this is by when I say an hour. I'm talking about deploying on a test network, making sure everything works correctly, making sure the artwork looks great and then going live on a main network. So that time, you know from a traditional, let's say, pure custom approach to, you know, wizzywig and click a few buttons and type a few things has been condensed to less than an hour. With testing. It's a very inc

I'm glad you asked that question, so for those who who kind of joined late and and didn't get a chance to listen to what we were saying before we've talked a few things a little bit about your C4907, which is a rental NFD it's been finalized. People are using this token standard to create expiring tokens. Really, really solid implementation. I'm yet to see more crypto projects and NFT projects start to use it at the moment. Watching the platforms who are pursuing the.

Development, and I think that's a a goal kind of a pursued there and it's potential, but at the moment we see most projects focus on ERC 721 a. Like I said, the gas efficiencies from a greater perspective is just too hard to ignore, but there is one token standard which we did not talk about, which is very, very promising and that is the ERC 721 R. If anyone has heard of this or have has any insights to share.

Feel free to do so before I jump further into this.

OK, awesome, so we're gonna basically chat a little bit more about this new token standards, which I believe was recently introduced. It definitely got launched after ERC Summit 21 A and it is a newer type of a contract that has recently been gaining attention. Now why would anyone want to consider this new type of a of a contract? It's because it is a new way to ensure.

That the creators of the contract are not rugging the contract, so let me explain if anyone's interested to be transparent with the community and create a lock, a condition that says I will only withdraw funds from the NFT revenue after a certain milestone. That's what the new ERC 721 R contract does. It essentially looks at a conditional logic to prevent.

Creators from rigging the project and quickly running with the funds now why is that useful? I'll give you another a simple example. Imagine you have a crypto project or an NFT project that seems to have everything right. They have the artwork. They have, the community, they have, the marketing, the sales, the development. Everything seems to be going right. They are doing what you would consider to be a successful approach to the launch. Imagine.

Scenario where they do, even if it's a simple as a 10,000 FT drop for the community. If they sell out in less than a day, there is nothing stopping the creator or the team from Rugging taking all the funds and leaving. At this moment it is an NFT dilemma. It is a problem for the space. There are lots of people who are really really I would say concerns about these rock poles.

It's very prevalent. You can make money very quickly so the question then arises. How do you prevent leaders, the creators, the owners of these contracts, from running away? And this becomes almost like a a self limited.

Condition so that as a creator you say to the community. I promise not to rug the project, at least for a period of time. I mean, that's the only thing you say you say. I believe that I will keep the funds.

In the crypto wallet that we have reserved for the capital of the revenue and I will only touch out those funds with certain conditions, that is the ERC 721 R contract. That is why people, especially Community, loves it. It gives them a better sense of security. A better sense of safety. They know that even if the crater is thinking about rugging, they're less likely to do so by launching.

ERC 721 R token standard. So definitely encourage you to check it out if you haven't already. I also wanted to welcome a few of the individuals here. It's great to see you and if he's got us and also golden cubes, feel free to jump in, ask questions, share insights. Have you heard of these token Sanders? What what is kind of your thoughts on the topic? The panel is quite open. Anyone is able to jump in at any time?

Until until I mean just everything is clear, but until that OK, you say like how many programming languages do you know and?

Which of them you are cool?

Yeah, I started my career.

In two languages, JavaScript and Ruby. That's how I kind of went through and got myself up to the the coding standards.

The Ruby Ruby, just directly Ruby or Ruby you.

Framework of Ruby on Rails.

Oh yeah, Ruby and Rails also is amazing. Again, I'm. I'm kind of reflecting back on my experience. This was ten years ago, right?

It's my phone.

Play forward like you.

Oh yeah, yeah for sure. Definitely it. It definitely dates the the NFT space. It definitely dates the crypto at least the OG cryptos may have considered this concept for for programming. For me I I got exposed to Ruby only through the the coding kind of challenges and the courses I took back again 10 years ago. So that led me to realize that there was a lot of power in JavaScript and it led me to really pay attention to what startups were using for their programming languages. I saw how Twitter.

Struggled with Ruby. I saw how other languages weren't as efficient as JavaScript, so I really started to focus my time on JavaScript. Then I decided to focus my time on Python. Given that all of the deep learning community dove straight in mind you, there were some people who were using a platform like languages like R or MATLAB, but for myself kind of transitioning from just like traditional software to deep learning. I realized that my.

Flexibility lies in Python. I kind of dope straight into Python. Kind of saw like the the really power of leveraging statistical backgrounds from different languages and life from different libraries of Python And then recently I decided to really optimize on JavaScript and that led me to explore, next, react and all of the frameworks that are on top of JavaScript and TypeScript. Specifically because it's just a much more safer way to do JavaScript and then beyond that.

When I saw the potential for solidity.

When I thought of potential for smart contracts, I really start to optimize for solidity. I started to use all of the kind of the coding resources possible, including leveraging some of the latest deep learning AI agents to help with coding, and for those who are not familiar, you know you can use AI pretty much for everything. You can use AI to help you to write a better blog post. You can use AI to help you to become better programming, and this is an under utilized kind of piece of access tha

To explore and to check out right, you can use AI to edit videos to do pictures to potentially even run Blender models. I'm yet to export that one, but blender is built on Python And Python is a very flexible for deep learning, so I don't see why not. I have used Python exclusively because I was doing quite a few generative art for blender modeling and I can definitely say that it's an amazing language for that. For the kind of at least the 3D modeling process, but if I were to kind of.

Take my my bets on the few horses today. I would say it would definitely be JavaScript for its performance. By far we don't see a faster programming language other than go maybe and then beyond that it's definitely the solidity that's where most of the attention is. At least from a smart contract perspective. But who knows? That may change in the future and and kind of take my my input here as simply a story more than than piece of advice.

So like.

Can you say we chair? I see you using like we chair?

Program or framework is favored for you, you know, just to making the the different type of things like including the full story including the.

That's why it's contractor world, you know.

You mean?

Ohh yeah so by far the most impactful deep learning model for any creator today. It's a model open source at least partially but not fully. It is by open AI team called GT3.

OK yeah yeah. I mean just it was launched by.

Started by.

Yeah.

Now who is the Tesla's CEO right now?

Bye.

Remind me to Tesla, see you.

Elon Musk.

Yeah, so you were mask was the one on the phone. They're open air right spell he sold or something like that.

Yeah, definitely.

Yeah, you got it.

Or he just drove out right? Yeah, I like the yeah it goes very cool.

Opening eye, they started altruistically. It started as a non for profit and then they expanded to include a private branch of the company. That's when Elon Musk left because he saw conflicts with the Tesla and kind of his involvement there, but definitely a very strong company got acquired by Google. Very strong because the deep learning model that any creator can use to help them in their creative process. What's called GPT. 3 Now their team is working on GPT 4 so they're definitely aiming to

Their models over time.

Yeah, sure so.

Also, I wanna say that you know.

Open eyes, it's cool but like.

It's not as cool as we need right now, or as simple people need the access. You know, just you need super computer like.

At least cost like 3000. It's the minimum, you know, just 3004 nights. It's more even more, you know, just 5000 cost of PC or laptop. You know just to run all of those things.

Or use like some cloud and you know just wait couple of minutes a couple of hours and things like that to see the execution, but anyway.

Which one you recommend?

Yeah, you're you're spot on. I mean, there is another model that also was created by the Open AI team I. I think it's very powerful as well and very impactful, at least for creators and creatives. And that is called Dali Dale. Now they're they're working on. I believe version three. They just rolled out version two, so if anyone that has a visual skill set if they want to leverage images or potentially even animations, definitely check out.

Valley if you're creative who is interested to leverage the written words and kind of the the communication that comes with that. Definitely check out GPT 3 But anyway, coming back on topic, I'm glad that we took a side tangent there. Talk about AI. I definitely have a passion for it because I I was deeply involved in that space with my agency work before Phoenix, but I definitely encourage people. If you're interested to leverage AI and and see if it can help you in your creative process, defin

Tools and platforms, and essentially things that you can sign up for that you pay for on a monthly basis and that gives you an AI that you can work with in tandem to your creative process and definitely check it out we have.

Aye.

Yeah, I mean short interrupting. Sorry to interrupt this.

Yeah.

Yeah, I like I like the AI too so like and even the Python, you know, just I was like so curious about the Python And so keen, you know, diving deep on Python but like couple of.

Two years ago, I mean just two, not two. The last time when I was working with Python, it was like.

I go almost there, but I mean just it's cool. You know, just that analyzing and also was using the MATLAB. You know, just MATLAB is like makes life easier to everybody who uses data analytics service or something like that, you know?

The almost like kind of everything already created and now know what people should to create anything new.

Yeah, I'm definitely pro AI and it will not replace what you do. It will add to your creative process. So if you're thinking about using this technology to, you know, do the next artwork or help you write the next marketing copy or help you to write a script for the next video. Definitely check it out.

No, of course. Of course, I'm not about the art. I'm not about the art. I'm talking about the math lab and you're just data analytics and things like that.

Because they are. It's the human brain that's right.

Definitely.

I don't think they I can replace them.

Yeah, I'm glad you see that as well. Golden golden cubes. Feel free to jump in. I know this discussion. It took us a slight turn on the eye, but definitely I want you to be heard and feel free to share your thoughts or insight.

Ohh we got the golden.

Hey slava

Three brothers

Hello hello slava. Hello Charlie, I love these spaces where it's three people four people nobody knows who I am except you.

Uh, yeah. How have you been? I just heard you talking about 721 hour and.

All the new cutting edge stuff that you're on. You know soul tokens like you know what's coming down the pipeline.

Umm?

And.

Oh yeah, there's lots of fun things there.

Yeah I I can't wait to learn.

What what did you wanted to know what you thought? Because I, I know.

Maybe like Charlie was like messaging you or something but.

Is gap is minting DAP?

On crypto punks, Mumbai, like did you see it or and what? What do you think of it?

Obviously you're, you're one is very sophisticated with the apes right? And your website and everything, and it looks really cool. But as just a concept like what do you think about it?

I think it's great I I think that's the work that, UM, Charlie did for his.

A minting job is exactly what people are asking for. They want to see multiple claim phases or sail phases. They want to see if they can mint and what allowed they are to mint, and they want to see an interface that is dynamic enough to react to what's happening on the blockchain, so all of those are the best practices that are in the space because the the biggest frustrations that we see with minting applications are coming from people who are going through to men's.

But they're held back by certain experiences that really just frustrates them. One of the biggest being that you know, if somebody wants to mend, for example, 2 FT. But the contract does not allow them to maintain FT2FT, then I don't see why the contract should show that they are able to at least visually see 2 instead of one. That's one second, is that if somebody is minting and they, they're kind of going through a mint cycle or mint phase, they should know which.

I mean cycled. They should know what the price is for that mean cycle. So definitely bringing transparency to the min cycles important and the last part I think is super important, which is probably the most frustrating experience that I've I've seen in the spaces where somebody turned them in, they click a mint button and nothing happens and they're just stand still waiting. It's like, well, what happened guys like? Well, it's working, you just don't see it. So if the user interface adapts to t

If the blockchain is working but you don't know that you're kind of meant is, let's say transacting or there is some kind of a pending process happening, then you just feel frustrated. And sometimes you actually may leave, right? Like you definitely don't want people to leave a mint inside when you can expect that they're going to get a token, so keeping them in the user experience, giving them a smooth experience that shows maybe that they need to be patient, or that there is a transaction proc

Uh, through either pop-ups or models, or even just simple UI tweaks then that is very important, so I love what Charlie has done, so I really I think it's a great implementation for solving some of the biggest frustrations.

Yeah, 10, thank you for your assessment slow. And yeah I also like that you know just.

Almost you know just any wallet and also you know just you and the hardware wallets can connect and just meet, you know, just stay and that is one of the you know just.

It's a really, really. I mean just.

You should to use that on those cutting edge technologies, like creating some doubts, or you know just making some entities you know just this is the future, you know, but a lot of people just misunderstand. Like the NFL, they think they are just one of the art. But yeah, OK, I got your art, but I'm just why I should to use your marketplace or anything else you know. Just use just my wallet and just minting that right. You know, just people can do that too so.

I mean just real. We are launching after a couple of days some projects, so I think it's gonna be cool and.

That that was just a test.

And for the educational purpose.

For our upcoming projects, so I appreciate that you mean that you tested it. And yeah, you know you see if you're lacking the Mumbai Mumbai Matic, I can. I can send you some of them, but I don't think so. You know just I think you have more than us. So yeah, thank you. Thank you for your meeting it.

Absolutely, actually I'm glad you mentioned this, because what you just described is the most underutilized marketing strategies in the crypto space and those who do apply this strategy are the ones that have really almost instant.

Leverage or feedback and and that kind of leverage gives them essentially superpowers. So what Charlie just said there is important, he said.

Why can air drop you a token air dropping tokens to other people, especially to influencers or celebrities, is by far one of the best marketing strategies I've I've seen and and also we've done with Phoenix. If you send a token to even some of the the more prominent figures like.

Let's say Vitalik Buterin.

You can claim that Vitalik has your token. You can claim that he is a token holder. Now mind you, there's some like grey zone here, because you know, if you airdropped him a token he didn't necessarily mint it, but he still hasn't token, so that presents opportunity for any marketer to say.

Our our collection is live. Our collection has been seen across the entire cryptosphere and including in in places like Vitalik Buterin's wallet and you can even point to it like here is the token. Here's the one if you want it to be kind of that full transparency but you don't have to be so the point is that you can send tokens to anyone you don't need their permission. This is actually a big problem for for some celebrities they get too many tokens like well.

You know I got, let's say ten 2000 tokens and I have no idea. You know who the person is who send it, or what was the back story. But again, you as a token holder can transfer token to somebody else. You don't need the receiver's permission to do that. Essentially that's airdropping or transfer tokens, so definitely check it out. Use it as marketing leverage, sign it to whoever you want, claim they have it, they hold it their supporter.

And any kind of sales stock.

Yeah, that's OK. Yeah, definitely that's it. That is interesting. Like you know you can transfer to everybody. I mean just say drop, but like I don't think you know, just people who doesn't know you know just they're getting the airdrops fear drops or something like.

They will never, you know. Just click on it. You know. Just for instance, I will never click anything you know, just not because I'm too scared and you know, just like, OK, I'm afraid of the like.

Interjecting a hijacking the system or something like that, no, but like.

It's not interesting for me like because if I don't know person who's sending me the those I dropped and I will not click it. And I think more people, things like that so.

Marketing is cool, but.

Yeah it it also depends on which blockchain you know.

Down the Polygon, I don't think the AirDrop is worth it.

But if it's on their term, I think that's cool, you know.

Yeah, I also wanted to set the stage so imagine you go to sleep and you wake up and you open up your your meta mask or your trust or your rainbow wallet and you see a piece of artwork right? That artwork wasn't there before it it showed up in your wallet when you woke up, and that's basically what's possible today. And that's what some people are doing, especially marketers who who see the value and and they craft their unique story around that. But like I said, this is basically airdropping you

You can if you want to AirDrop or send tokens to somebody else, and then from the receiving side you know if you didn't expect it. You may feel like, oh, this is cool. I got some new token and then there's also ways where you can hide tokens so in in fact recently the Etherscan team has been really hard at work to help the celebrities who are getting these tokens who are getting like indata inundated brother with these tokens and they're trying to help them.

You essentially hide tokens from their wallets, and obviously it's not the the easiest thing to do, but from a user perspective you know you can click on a few buttons to hide a token. I believe crypto wallets will start to implement this already if they haven't done so already. Given that either scan is doing this and this is a big deal, especially for fake tokens or or things that are sometimes created by bots, I'll give you another scenario that I I've seen in this space as well. You know you

A essentially have a bought mass AirDrop tokens to a wallet address and like instead of getting one token, you get 1000 tokens, or 10,000 tokens. So the question is like why would anyone do this right like this is what I'm describing is obviously edge cases, so definitely understand that, but what I'm describing is not necessarily something different or unique. We've seen it in the web 2 space denial of service attacks. DDoS attacks are very common on websites.

And there all you're doing is you're sending lots of lots of data to a website at the same time. In this case, you can have a bot run through a series of 10 to 15 lines of code and have AirDrop 10,000 tokens to anyone you want, and then the user experience is just like, oh you wake up with 10,000 tokens, but it's flooded your screen, so you're going to be affected by that scenario, so you definitely want to figure out a way to kind of either push it to the side or hide it, or or any kind of mech

Etherscan, that's what they implemented on their user interface, and I expect Crypto wallet to follow. Again, I'm describing scenarios where it's not common, but it is possible because tokens are transferable. This is the most common scenario. However, it is possible to drop a token that's not transferable, and I also want to make sure that people understand this. This has been described as a sole bounce token. Sometimes they're referred to as non or rather.

Account bound tokens. This is a token standard that has not finalized yet, but there are lots of people who are thinking about it who are doing their best to make it work. One of the people who had their initial idea is without veteran. If you haven't checked out his latest blog post on Soul Bound tokens, definitely check it out. He's the kind of the the visionary to these tokens, and the idea is instead of allowing people to transfer tokens, you now prohibit the transfer.

Now why is that useful? Why would anyone want to prevent somebody to transfer tokens? Well, one example is the idea of a badge or certificates, right? If you want to reward for somebody for their behavior, imagine somebody jumps into a kind of the latest project by Carly and they complete an onboarding form. You can give them a badge for completion, and it's a. It's a certificate of completion that is the perfect reason to prevent them.

From transferring the token now if they completed the profile, it obviously has no resale value. So the question then is is it doesn't make sense with the way that NFT marketplaces are built. Yes, it still makes sense because if you receive a token for your behavior, not your wallet size, then this is the perfect use case for non trust for tokens. This is why people are thinking and and implementing soulbound. I do want to preface preface this with.

The fact that this is not a finalized token. Standard soulbound tokens are still being developed. They're still in the revision stage as far as I I saw from the theorem community, at least for that matter. If you're interested, check this out. Check out ERC 4973 what I'm going to do now is I'm going to see if I can get this to pin on my profile. There we go. So if you're interested, check out my tent.

Read on my profile and just learn more about account bound tokens.

Definitely I'll check it out and.

Yeah, it's all. It's also interesting, you know, just to hear about your 64907, you know, just I think that's quite.

Interesting and by the landing the NFT's you know just.

Can you say some example where you get through that like?

Hold.

Of.

Oh yeah, I'm glad you mentioned it because there's so many things you can do. But before I kind of give a few ideas or use cases, I also want to kind of preface the the what you can do with the technology with what are the two most common ways that you can do lending? Because that's what rental is. It's a lending process.

I think you know, just probably you know just through that I can just like.

For instance, you and me some NFT's, right? And if I will not give you back, you know, just our mother, kind of.

Like and then you will get back your NFD and at the same time you will charge like your address will charge me some want of crypto right?

Or even if I if I borrowed some NFT right, just all to pay for it, right?

Exactly, it's just like a a a rental of a car you pay first, then you get the car and then you have to take it back. It's the same idea. Definitely very very unique technology, so I'll briefly mention two methods of lending or renting before I kind of dive into the use cases, but I'm glad you you're asking the question first is that there is a form called collateralized lending, and then there is collateral less lending or renting and basically the difference between the two.

Is that in one?

You

Essentially transferred the.

The asset to somebody else.

That's kind of in the first scenario. In the second scenario you are.

Not transferring the asset you're wrapping the asset and then you're transferring essentially a wrapped asset. OK, so it's a little bit confusing, but there I mean I can definitely make this clear, so one is collateralized funding. One is collateral, less lending with a wrapped token. What you've done is you've taken whatever you hold right, whether it's an ERC 1155 or 11, seven ERC 721 seven 5520 token and you've created a new.

Wrapped token around that that is collateral less lending. And then there's collateralized lending. That's where you take your token you give it to somebody and then you essentially take it back. So this I I wanted to say that because rental enough Tees is similar to collateralized lending, meaning that you transfer the token and now somebody has it. And then you're going to get it back. So let's think about their ideas and like use cases. So if we're talking about rental.

The obvious example like I said already, car rentals, property rentals, but it can go even even more kind of obscure things that you may not have considered, including you know technology, product rentals, sport equipment rentals. If we're talking about leasing, you can think about things like conference room events, art galleries, office space leasing, right? That's a really, really a strong one.

Focusing on their real estate or the retail side of things, but you can also think of rental FT S as ways that you can set these expiring tokens to really solve problems with different types of staking different patents domains. You can do salary. You can do expiring memberships as we mentioned before. Really like there's just no end use cases here and I think the opportunity will come from anyone, whether it's entrepreneur, developer or creator.

Wants to start exploring with this technology and now is the perfect time. Given that the technology went live and finalized as of a month ago, so lots of room for exploration. Lots of room for innovation and hopefully that answers your question shortly.

Yeah, yeah for sure. Yeah, you answered that question and.

I had I had one question about until you were speaking.

The woman that will tell you that.

Ohh

It's called the GitHub or something like.

Yeah.

Anyway anyway.

And so.

Yeah, I know that.

Yeah, I mean GitHub is is using a very powerful crowdfunding model for for a lot of their projects, like for those who don't know, open source projects are struggling and they need support from the community and and one of the ways that GitLab was or not. GitLab brother GitHub was able to help a lot of open source projects was by introducing essentially kind of the equivalent of the support.

Financial model support this project so that we can continue development right and in that process they thought about different ways to support. They thought about donations as a financial model, which is essentially the equivalent of air dropping somebody tokens like you can AirDrop an open source project and ERC 20 token or Ether Ethereum and they they now have a little bit of of crypto in their wallet, but that wasn't very easy from a user perspective, so that required a little bit more crypt

And then there was some other employment, and obviously the the default. There is is stripe, so integrating Stripe would allow people to do donations through GitHub interface itself. That didn't work out as much as people thought, and then GitHub had this very interesting idea. They thought of incorporating a different fundraising model that allowed people to still support open source project, but without kind of the the send one time payment if that makes sense. We so without the donations they

And do and that's where they explored what today would be considered.

Uh, kind of either membership or a fundraising kind of scenario, and it's it's not a donation model, so they kind of explore different mechanism. So what's possible today is you can if you want to, you know, take any open source project.

Tell them that we have a new way for you to receive revenue. It's going to require us as a platform to integrate with your project through, let's say permission, authorization, and we're going to have an application. It's going to be a decentralized application that allows people to support you using crypto and there you can have really fun kind of mechanisms. You can do tiered NFT memberships. You can do the traditional crypto donations you can do tipping, which is basically donations you can d

Umm, lots of different kind of ideas around that including rent on FT because you can give somebody you know a a 30 days worth of crypto and then when you're done you just don't do that payment anymore. Also there is another mechanism that not many people know, but definitely very powerful and that is where if you shift to layer two solution if we're talking about Polygon optimism, arbitrium any larity solution. You can also set-up what are called streaming payments.

Very powerful, very flexible. Very interesting, because if you're not stuck on the Ethereum mainnet or the the layer one solutions and you're flexible enough to explore layer two as some businesses are, as Phoenix team was and and we have been doing that for many clients, then I highly encourage you to check out platforms like superfluids. They allow you to send crypto in real time, meaning your counter of your your fungible token your.

Ether in your wallet goes up every second or down depends on the circumstance, but definitely possible for us as a brand. With Phoenix we were getting payments from our clients in real time. We were also making payments in real time to our team to our contractors, to our partners and collaborators. So I definitely encourage you to check out platforms like Super Fluid and check out streaming payments.

I think I, I think, funding system. The NCNC just change the game of the funding system and the crypto and also if the GitHub integrates on it like this.

Creator supporting space that can be awesome, but even if he even guitar will not integrate it, you know, just ENC is the awesome way to support any.

Source developer or whatever you know just they can get. You know I'm planning to get my enc.

What's my name and daughter eat? So probably it can be easy for everybody right to.

Transfer some tips or just fund me or just support me, right?

Yeah yeah yeah this yeah this.

Sure that you're referring to ENS the domain gotcha.

Gotcha, yeah, definitely. I I encourage everyone who hasn't heard of DNS. Check it out. I have an DNS domain myself. If you click on my Twitter profile you'll see it in brackets. It's my first last name dot E that is an ENS domain. Now. There is a lot of power in getting or let's say let's say potential because you know power is based on your perception. There is potential to use DNS in a way that empowers you, so let me explain the potential lies in.

Not only acquiring the token and and marketing the the ENS domain as your brand, which is what you're seeing on my profile, but the power lies in being able to quickly allow yourself to be identified no matter where you are. No matter what application you use. If somebody is logged in to an application, maintain application, plot, NFT marketplace and many TNT game. Any application there if they're logged in with their wallet and they see you have an ENS domain.

Instead of a random hash, they can quickly identify you. They quickly see you on the blockchain and and they do so faster than if you. If you just have a randomly generated hash, which is the default where most of the people start in the space. So not only do you increase your exposure, your marketing exposure not only are you using the latest blockchain enabled kind of marketing tool, but more importantly.

You also set yourself up for what's to come next, and not many people know this, but I'll definitely give a few insights here. One if you have an NS domain you will be able to go to it very shortly. On most web browsers. So for those who don't know today there's a big limitation on DNS domains. You cannot go to it from every possible browser because the support is not there yet. Like for example Chrome or Safari for what?

Ever reason they have not jumped on the crypto bandwagon yet, and so if you try to go to for example Islamic courage dot E on Chrome or Safari, nothing happens. Unless of course there's exceptions to everything there is. If you have a Chrome extension like Meta Mask and Meta Mask is going to try to do some fancy. I would say magic behind the scenes to make it easier for you to see things likea.edu domain or you have a browser that is.

Probably probably.

Natively supporting DNS and an example of that is brave. Brave is a browser that allows people to go to domains natively, meaning you don't have to install anything.

Probably Edge also has such future.

Yes, you may be right there. So why is that useful? So think about this. If you have a blog. If you have your own brand, if you have a project brand doesn't matter and you have a dot ENS domain, you know. Again, the difference between DNS and DNS is that instead of itbeing.com or dot XYZ or dot IO, it now becomes dot. You now can show something visually. So why is that useful? So it's not just a matter of identity, it becomes your website. Now many people know this.

Like you can attach your personal brand to a website so such that sacroiliac dot Eve becomes a full-fledged website. So for me I'm currently using.com, but my next goal is to launch a dot ETH domain. So how would that look like? Essentially what that means is if you're using brave, if you're using a Chrome extension or potentially even edge as Charlie suggested, you can go on dot E domain.

Yeah I want.

And it'll actually show you content like. How amazing is that it becomes your identity, it becomes, your wallet becomes your brand, it becomes your website. Everything becomes part of 1 experience. So I'm yet to see this being adopted by the community. I'm definitely not seeing this in the in the NFL community.

Uh, I wanted that too. And also I got one year ENS it's millennial money don't eat so I want to like make this sub domains for it and then just integrate through the website but you know just say it's not.

But anyway, I hope it will be soon, so I think then there is some possibility to create it like forwarding future or something like that, you know.

But anyway.

400

Yes, so I I agree with what you said. It does not work yet on all browsers, but it does work on some browsers, so let me explain. If you have somebody who is using minimac Chrome extension or they're on edge like you mentioned Charlie or or they're using brave then they can see everything you have on your website and the reason for that is because you need to attach.

Or in this domain, to some storage and through that attachment you can showcase content. So today the current best practice is to attach IPFS data onto an ENS domain. Again, best practice because this is what most people are doing, it doesn't mean it's the right thing and this is just what's the reality for projects including.

Swap, including one of my personal favorite blog posts by Vitalik Buterin if you search vitalic.

On Google.

We'll see two websites, and they're they're basically copies of each other. One is vitalic.ca. He's a Canadian. Go Canada. He has that initial domain dating back many years ago.

You will see his content on vitalic.ca.

However, he also has and has been advertising for a long time vitalic dot E.

Why is that important?

Here's the tag. Daddy is a copy of vitalic.ca.

Wetalk.ca can be taken down.

Because it's hosted on the Canadian.

It's rather the the dotsy domain is registered under Canadian domain registrar, which means for whatever reason, if Italy decides to piss off Canadians, they can shut down the domain. He does not have full ownership at least as much as people think. When they they think about dot Coms and that XYZ or dot IO, especially if you're in the United States where the laws are much more stricter for DNS domains. So you can lose your DNS. Your DNS domain. We've seen it in the the private torrenting websit

Shut down all the time dot whatever dot DNS domain you can think of. They get shut down because of copyright issues and many other takedown notices. But I bring this up because they tell has two episodes. One is that CA one is Daddy. Daddy is a copy. But how did he do Daddy domain and why is he doing it? Anyone who is visiting on brave anyone who is visiting on edge? Anyone who is visiting using Meta Mask on Chrome can see the content but it's being served.

Using a different mechanism so but, but potentially the delicacies hosted on Amazon through S3, cloud flare storage or any other.

Centralized hosting solution, but vitalic dot E is not the advantage of Dottie domains. DNS domains, especially those who are tied to IPFS, is that IPFS is not necessarily hosted in one place, nor is it owned by one person, and it's also a a different storage mechanism. So with BFS you can pin it in multiple locations, essentially creating the equivalent of hosting content on multiple CDN.

From perspective implementation now I haven't dove deeply into what Vitalik did for his hosting implementation, but I can safely say that if anyone's interested to host content on their dot East domain or essentially ENS domain, I highly encourage you to check out for leak. That's FLE. Ek.co fleek is amazing resource. They allow anyone to essentially pull a piece of code from GitHub.

And they do all of the abstraction. They just simply take care of that entire deployment process, even to the point where.

Uh, code changes on your content are not taxing you heavily on IPFS storage or redeployment. I say that because to host content on GitHub it's very efficient. You know to make a simple code change through the git process very efficient. GitHub is owned by Microsoft and so the Git flow is the git storage, are centralized and like you're definitely not paying a premium for that. But you are paying.

A higher premium for IPFS or any decentralized data store, so yeah.

I I do have a premium GitHub.

Oh yeah, of course you you're you're the supporter in the space. But as a kind of a starting user they don't need to pay taxes. GitHub, which also means to put code online, at least publicly. They don't need to pay. And I I could be wrong on the private repository elements, but kind of to come back to the flip side.

Yeah, you you, you have a bullet to create several I think 3 or something private repository if you want on the free GitHub too.

Perfect yeah, that's a. That's a definitely A must I I remember at a time a few years back where I did have to pay for some premium account just to do private repository. But I'm glad this is a new or newer feature that that must have been demanded by the community. And I'm one of the users who have paid and one of the users who have not paid. I'm definitely not endorsed by GitHub. I appreciate their good based workflows, but I know there's GitLab for anyone who's interested, definitely check ou

We have the same development experience being gifts and being sourced tracked through a very intuitive kind of commit process, and then you are now hosting it, not on Microsoft service but on GitLab service. So definitely check it out, come back to fleek. Fleek does things a bit differently. They host on IPFS. Now the unique part of leak is that now that you've posted something on BFS, they also help you to link that content which changes every single time.

So.

We do a new commit to your DNS domain and they've really pushed the limits there.

Sorry if it hosted in I PFS, I mean just if another node connects it, you know just it means it cannot be deleted. Error right?

No.

Yeah, I mean like, obviously it it cannot be deleted unless something happens to, let's say the pinning service or the individual who has the files. So if there's any issues with that then it will be lost. But I wouldn't be deleted it just it'll just be a broken link if that makes.

Yeah, and also as I remember the first I was using.

Couple of years ago also for just testing, you know.

It's new, but anyway it was like yeah and half ago. You know, just I was using at university for just that as a sharing. You know it was cool. I I was thinking like, OK, that guy been in future and now you know just so when when I see that everybody using his as the NST like for the web three, you know just that's cool, that's cool thing and.

I was just researching the.

Well, it's called.

This is where I pay, you know. Just diving deep and then in the application session you know just there was the PFS. I remember when it got my attention. What is the IPF first? Then I died it and you know just I liked it and I was telling to my teachers, you know just HTTP just as socks, you know just IPF has got the next rock but you know just nobody like.

Even delude me or even had idea what is the IPF around me and like.

It is not popular right now too, but I think in future it's gonna be the rock and.

I must do.

But again, the skills of the PDF that I forgotten.

Yeah, and a great way to explore IPFS. Definitely check out fleek as I mentioned. Definitely check out pignata if you haven't already. I believe the domain is pinata dot cloud and if you are interested to explore ibfs you can also go into the command line. There's lots of tools for that so highly encourage anyone to check out IPFS. I also want to welcome a few people to the space. Hey Brett Kislov, it's great to have you here. Feel free to jump in, we're talking about.

Everything tokens. We recently had a conversation about. I PFS and some of the the promising use cases for.

In S or dot E domains, so definitely encourage you to jump in and and share your thoughts or ask any questions.

So.

Yeah, that's gonna be interesting and until until he jumps I wanna ask you what do you think about the board Retallick?

And lastly club on the Open Sea, you know, just sorry and the different markets. I saw it. It was kind of quite fun PFP. So they think about that like all their collective.

I think from a marketing perspective is genius, but I do want to see their code because I'm actually curious. Do they give back any funds to vitalic because you know you can automate the the transfer of funds.

Yeah, yeah, yeah, I think I think that then they aren't. And that's not the fair.

As I remember, I don't think they're giving any funds.

Yeah, from marketing perspective it's genius. I mean, don't get me wrong, there's nothing that they are infringing upon, at least from my perspective, because they're going after an individual as compared to like an established company. So you know, individual only has so many, let's say, legal rights, that he can claim in court. So in this case, they're essentially branding themselves to metallic. Now I don't know the association they have at all to the italic and and kind of.

Hello hello.

And his what his intentions are.

Hello man.

Hey Brett, just left.

Hey, uh, I have a question. Uh, uh, do you think that the future of and NFTS has?

Has a connection with the Ethereum.

Yeah.

To go, uh, like people said to uh, September to 20 from proof of work to proof of steak, as that's going to affect the market on.

It will change. I mean just there is a term update so.

Well.

Call

Uh this September they don't know they're gonna merge that updates on GitHub or whatever they use so.

All of these are on Italian network, uh, only small people.

So few people like me or or other network like Polygon or something and.

When it etherium go to proof of steak, like people said, now in September. I think that maybe that maybe is what I told him. The web three platform or NFT community as well.

What do you think about that?

Charlie, you want to take this one and I'll I'll go after you.

No, no you you can go.

Yeah, I think it's an excellent question, but I just thought I think that.

The upcoming change is important to prepare for so, but then every day comes down to your perception. So if you think it's gonna benefit you, then this is actually the perfect time to launch and and build using layer one. From my perspective, I do think that this particular rollout has very tough competition because there are already lots of liberties solutions that are scaling very well, including one of my new recent favorites, optimism and arbitrium.

I'm very optimistic for those two solutions, and I think that we're gonna see more NFT projects go down that space. But if you're thinking exclusively from an from a layer one Ethereum perspective, then you can definitely anticipate that it will have an impact. Like I said, it is perceptual, so if you think it's going to impact it in a positive way, then I would invest time, money, developments and and everything else to make sure you're aligned with that. If for whatever reason you think it's n

Then you can take auction the other way around and and this is something that people sometimes forget because you know when the market is bare, meaning when things are crashing and you know when people are panicking, you can still be successful, you just need to be strategic about what you do. So like I'll give a simple scenario. If you're an investor who has a month long mindset that you know you invest into projects that you evaluate on a monthly basis or your collector. That kind of reviews h

Best time to get into Ethereum. Even with this anticipated launch, because over the past month a theorem price has been going up. However, if your time frame if you're, let's say mindset is longer. If you're into the crypto space, only speculatively, on a longer frame, imagine if you're touching crypto once a year and your crypto wallet, or if you're very cautious about kind of key projects you invest into, then this is not the best time to make, let's say.

Decisions based on price because everyone around you will tell you that the price is crashing, but those are the skeptics. Again, like I said, it's based on your perception. If you think it'll benefit you, you can be strategic in a way that helps you. Hopefully that that gives you some insight.

Yeah, yeah, probably probably. You're right about the only on what is me? Uh oh. One more thing, when the team will go to.

Poor people.

Alright, sorry I sorry, sorry but sorry are are you a Russian speaker?

You you can you you can.

You can.

I I I I said, only one thing, I would warn me if the team went to go to.

What to cook for steak?

Big speaking Russian speaking, Russian dude speaking Russian. We can hear better I guess.

And then and then only one is me. The gas fee is go up.

Probably guess he's going up so.

When gas if if gas fee from Italian goes up when go to proof of work to proof of steak.

Then that's going to be maybe some problems on NFT community.

Because gas we maybe go very high, but if it's if gas fee go down, that is going to be very good for investment to in NFT's and retry platform with the NFT's and that's it.

Yeah, I agree with what you said there. I think that if the Gatsby does go up after this next release or roll out, then it is the creators who will suffer the most. I don't think teams or larger organizations will feel the impact because they are already dealing with larger budgets and so you know a a shift, even if it's like 50% gas increase, I don't think they're going to feel, but definitely one of one CFP artists or or any kind of solar.

Crater will feel the impact will just be going up, but again, it's just based on your perception. As soon as you you start dealing with a larger budget, as soon as you believe it's going to help, then you know you can start making decisions today. So what decisions can you make, assuming the price will go up, one is you can use a different network, right? You can leverage Polygon, optimism, arbitrium or any other layer two solution. But what else can you do? You can use another network. You can

Non Ethereum based chain. So you can. You can definitely make decisions based on what you think is going to happen, but it is a tough call. I agree with you and like you know nobody knows the future and it's hard to predict. But you can only kind of make a few assumptions at least yourself about what you can do and then beyond that. Yeah, I mean it's a it's a tough call. I do hope that the gatsbys go down. I'm going to optimism optimism rather. I do believe that the technology will get better.

I do, I'm yet to meet one developer who wants to pay more gas for anything. I think the best implementations will come from developers optimizing for gas. I think that's the the easiest way to get as many people into the space as possible is to work around the limitations by making it more efficient implementation, but I can understand that your your concern. You're thinking about it. I'm glad you're on stage.

I think I think I think the gas price for eternal. Right now it's the lowest than ever been, you know. Just saying, just you need to. I don't know.

As a slow man, let me just I just tried to like.

Transfer something I just paid.

Even the dollar you know, and it has on the term blockchain so.

This is awesome. Right now the gas is cool.

Yeah, I wanted to actually mention this as well. Charlie is is spot on. It's much cheaper than it used to be. I'll give you a simple example. We did a drop with Phoenix team at with one of our clients earlier in the year and just to deploy in a collection online. We're talking about the C 721. Not even a.

It cost us approximately 1500 American dollars. Like for for the Canadians in the room that's basically approximately $2000 in in today's value.

And again, this is kind of dating back during the peak of NFT cycle. Lots of people are excited. Lots of activity on the blockchain.

2000 or roughly American dollars. 1500 American today to do the same collection job even if we do an ERC 721 A which is a little bit more gas efficient, it's going to cost a fraction of that, so I'll give another example. I did a a collection job with one of my clients today and to to deploy a collection online to create a collection for online ERC 721 collection. It cost $20.20 American dollars which is a fraction of the cost of what it used to be.

Earlier in the year.

So definitely the the implementation, at least from the Ethereum development perspective, is that the gas fees are better than they used to be. They're still high. Don't get it wrong like who wants to pay $25 fifty dollars just to create a digital token like it just doesn't make sense from a like a. Just a simple like a reasonable creative perspective. If you're a creator, if you want to launch multiple tokens, if you want to share your creative process, why would you pay?

$25 fifty dollars to drop a collection, but that's where you have layer two solutions step in. That's where you have Polygon, which is very very well adopted by the Metaverse community. That's where you have optimism arbitrium. They all come in. Try to serve this specific use case and the power that creators have is to launch the collection. The longer you wait not to launch, the less you have leverage and so it's not a question necessarily of.

You know which network you should launch on, because in the future you're gonna have more choice. You can have more freedom, you're gonna. You're gonna be able to do multiple collection launches on multiple networks to appeal to more people. The the real question is when you launch and that's why you see people really rushing to run to launch collections. Obviously you cannot rush to the point where you miss out on best practices, so I do want to make sure that you're at least considering the be

Multiple men phases or rising floor prices or deficient token implementations like ERC 721 A but you definitely want to drop a collection despite the crypto price, because like I said before your your marketing can align to your ideal customer. Your time frame of of crypto price can align to a specific audience type. You can think of as somebody who is collecting on a monthly basis. You can think of.

Somebody who's investing on a yearly basis. If your marketing is aligned to what's happening in the crypto price, then you can be successful. If you're building now. If you're launching fast if you're iterating on your ideas, and especially if you don't see.

The first collection as being the only collection you should launch, then you'll be OK, because we've seen lots of collections launched. They were not successful. They either did not sell out or they for whatever reason they did not implement best practices. And then they start to lose hope. Do not lose hope. The markets are very extreme right now. They're very volatile. You can be successful because you can always do another collection. You can always do more marketing you can.

Always do more community building so you always have the opportunity to improve and and just because you did not have a successful first token drop, it does not mean you're going to have an unsuccessful second job that is a one piece of advice that I always say that is important to understand. It's the same as join right like the first collection you draw or the first piece that you draw. You're definitely not going to be at your best. The second piece you're going to be better. Same thing for f

You're not going to be as good the second time. You're gonna be much better, so don't worry about the art being perfect. Don't worry about the tokens being perfect. You can always do another token job, so definitely keep that in mind. But I encourage everyone here if you haven't already done an NFP job. Definitely consider it for I do token jobs for my clients. I did one token job today and I I can tell you that despite the crypto market prices, you can always use it to your advantage if you're

Leveraging the the price in your favor if you're doing marketing your rights. If you appeal to the investors to the collector, you can always benefit.

Hey golden cubes, I know you've you've been listening, but yeah, I feel free. If you have any thoughts, insights to share, we'd love to hear from you as well. If not, it's all cool. The space is being recorded, so if you're if you're not able to pay attention to anyone specific aspect, feel free to jump back later and and have a playback. I decided to do this particular talk on the future of tokens. We started with a few token standards, the 721, A 721 R and then 490.

Seven talking standard. I am actually Full disclosure. Working on another token standard, which I call.

Geo NFT's or geolocation based NFTS? I think that's going to be another potential to explore, especially for real estate industry, especially for retail. For any physical domain that requires us to be at least keep track of location data, I think there's opportunity there, but definitely I. I do see value in token standards. I don't think they're the only way to make things work because we have seen projects launch before they were token.

Standards and they were successful. One example is Cryptokitties. Another example is the Azuki and FT collection. They were not token standards. First they were projects, first took a standards second, so I want to kind of preface this that tokens are awesome. They give people the ability to not have to reinvent the wheel. Think of it that way you don't have to go and recode everything from scratch. You just do one or two lines of import and you're done. But they do.

They're not set in stone because the community can develop something new.

And that's one of the reasons why I'm pursuing my own token center. That's one of the reasons why I encourage people to at least think of them as tools. They're essentially leverage. They could have. Yeah, feel free to jump in and ask a question. Hey Charlie, you have you have your hand up.

Yeah, so yeah. So uh I wanted to say until, uh, until I will leave this face just.

We're going to be in a couple of minutes here, but until that I want to say that you know, just as I said.

We will learn some projects, some cool projects and I don't wanna release the name yet, but it is quite cute. Everybody will needs it. Probably everybody will like it. They're gonna be the items you know. Just it's must appear to be like woman, female, you know just more than female so it's based on the animals and they think is that what I wanted to say and tell you that you can go on my link trees and participate on my survey. If you want to.

They were whitelisted. You know just you will be whitelisted and they all the whitelist you know, just like.

Get the 50% discount and it will not be the expensive bill P, but anyway, it's quite cool. The 50% discount tool for everybody and I would like you to be one of the participant. And yeah you you can check my link trees and now on my Twitter you know just check Charlies.

Thought they know you know and there is down there. There is a participates away. You can find it easily so yeah.

Uh, don't answer the questions you don't want to answer, but anyway, if you answer that, gonna be asked.

Thanks Charlie, yeah this is this is really great that you brought up your project because.

For those who haven't tuned in or haven't been paying attention, definitely check out Charlie's project. He is doing what it sounds like. A really diverse community across both Twitter and discord, and you know, there's lots of opportunities for people to save money even on the presale and and the whitelisting part by being part of the discord community like Charlie mentioned. So definitely check it out if you haven't already. Hey, golden, you got a, you got your hand up there for a second. Feel

Alright, uh, until the golden kill until the girl speaks. I wanna say that I'm I'm not fan of the discord so.

I will not use the discord, but you know, just to participate. That's the way I use Google Sheets. So yeah, it's easy. I'm just not everybody. I mean, just there's a lot of I see a lot of people, you know just.

Close to the discord or you never used it, and.

I don't wanna make people to force use the discord and join on my committee. I'm gonna be here. We're gonna be here. We have the light on Twitter. So at the same time they can DM us on the Gmail and everything. So I think that's cool. So if you will participate on that subject, I'll appreciate that. And yeah, go ahead, Joe.

Ohh nothing to add to that just thanks Charlie, you know, thanks for.

Sharing, and I hope you have a good night.

I'll stick around as long as.

You know you'll be here Slava.

And I'm just catching up with you after.

It's been I don't know. Maybe a month or two and just seeing how you're doing, and I heard you said you did a token drop today and.

I also see your website blog on the optimism drop you're going to do on August 1st.

And you have different price points. I see one etherium for investors and lesser prices and it's really interesting and.

Yeah, just optimism. Just haven't seen a ton ton of stuff on it, but I'm definitely looking forward to it. And like also the other ideas you're mentioning, you know, I see you got that. Looks like that new iOS update. The developers. I'm sure right and the shows your location out there in sunny Costa Rica. That's pretty cool.

Yeah, just interested in that the Geo.

And a teacher doing.

I sent you a link and I just cause I know you're like a.

Word coder, you know I, I don't really know what you, what you know. I assume a little bit about everything.

General knowledge.

But

for example, I've been getting my brother into NFT's recently and he's into music and I've not seen a lot of music entities take shape except for this example with The Chainsmokers and.

They're using a platform called Royal dot IO I think.

I was just curious if you've seen this or like your thoughts on it like.

And I've looked at their contract and I guess it's like some custom contract made from scratch or I don't know, but it looks like 5000 people own .0002% of the master album royalty, which equates to like 1%, so I think they were giving away 1% of the album or.

To the NFT community.

I don't know, I just was and then I told my brother about that and he's like, oh I was like, yeah, what's the royalty? Was the NFT?

And.

What are your thoughts on that? Like is that? Is that what I'm looking at or?

And if so, like how do they do that? How would how would someone do that?

Yeah, I think that's.

And what you've described is what we're now starting to see from some of the.

Whereby if a brand like Nike Adidas.

Shopping in some kind of a fashion sneaker or a fashion shoe, then they want to make it very clear whoever buys that token, what they're buying, and that is where teams and and.

Essentially, organizations are attaching.

Some licensing into the metadata so that it makes it clear it doesn't necessarily. You know, clear up all the issues because you still need to understand the license and this is the first time I'm looking at the project that you mentioned for The Chainsmokers, but I I definitely think that it is the way to go, especially for larger companies who have lots of lawyers who are are questioning every single part of their ownership of a of a token. So yeah, licensing.

Our route is is a must, especially for.

Larger music productions for video productions. For larger brands like Nike or Adidas and then beyond that you know I have not heard of royal, but I I definitely you know, from first glance I can see that they're trying to solve this problem.

And and help people in the music industry. People who are creating tracks to better essentially deal with the royalty. I can tell you that royalty is very, very tricky to implement, not from a technology perspective, but from a compliance perspective. Because royalty is essentially a flag for the security side, as soon as you say royalty, that's that's where the securities guys that's where the.

We're Sony.

C The the the United States yeah or so and anyone else is gonna have like really just be breathing and looking at everything in fine print. So I definitely caution and NFT project today from touching royalties even if you want to advertise these kinds of of like shared future revenue from the project and and again the the words that you use are very important because it is what you say more important than what you do obviously.

The SEC will look at everything you know if they're evaluating projects and what. What happens, but definitely what you say makes a big impact, at least for the time being. I'm not aware of SEC. Looking at smart contract code, they are looking at what you say publicly on Twitter and your website, so definitely keep that in mind. But kind of to come back to this concept of.

Securities or royalties. So there's two things that kind of catch the the attention of the securities guys. One is if you say things like future profit or future revenue from NFT revenue, you know. Essentially you're making some kind of future promise to to get something from your auctions today. That's definitely securities. More securities optimized language. And the other thing is, if you say you're going to get future royalties.

Again, just depends on what you say. Definitely keep that in mind, but implementation wise.

It's definitely possible to have a a simple smart contract that says.

One particular, let's say Crypto Wallet will receive let's say 1% of whatever NFT revenue is happening. So from implementation it's just that one line of code. But from a compliance perspective it is a Gray zone. So I definitely caution anyone who wants to do this. Having said that, if anyone is an entrepreneur who is doing either music based platforms or video based platforms and they want to make it clear for people that there is licensing and batched.

And they want to also promise some kind of a future payouts. Then you know, I, I definitely applaud you for that, because it's a very challenging game to play.

Yeah, well.

Hopefully that answers your question.

Yeah, definitely thank you for that, it's.

Umm?

So until until I got the last but not least, you know just say question to Slough, Slough, did you use the Jackal framework for your website?

Can you hear me?

You said Jacob website.

No, no Jackal, Jackal, Jackal framework.

Ohh Jekyll Ohh my bad, I did not use Jekyll. I have used Jekyll before.

But I think it's it's great in that it is one of the I would say the OG's in the space for aesthetic side or generation.

No, I was. I was just checking your website and it reminded me.

Style of that website again.

So.

Ohh yeah yeah definitely so. And in my case I used next which is basically static site generation that is built on top of JavaScript but very similar very similar.

The next day is what next years, right?

Yeah, yeah definitely. So the one thing that I really try to do differently the the loss kind of on my last iteration of my personal brand is I tried to use a markdown inspired a workflow so I don't know if anyone kind of is familiar, but Markdown really took the scene for developers who wanted to write content but not in the way that was like very, I would say traditional, like the traditional workflows for for content writers was always.

Either WordPress or Microsoft Word, and it was very like like text, rich, heavy and it wasn't really optimized for developers. And then Markdown came in and really dominated the the very like tech friendly content creators. And really a lot of people jumped into the bandwagon of markdown and so for me I thought how can I use? How can I create content in a way that's very efficient that I understand. So I started to learn Markdown, then came markdown JavaScript for those who don't know, it's.

MDX, as opposed to MD file type that get even more power to developers. Because now you can do really fun things like embeds things into the.

The in the markdown post you could attach like really dynamic graphs, and so you can really optimize for that. And recently there's been a really cool project in this space to kind of wrap things up for you. Charlie is. There's a really cool project in this space that is using Markdown, JavaScript, MDX that is built on top of React. It works nicely with next, and it essentially allows content creators to dynamically.

Change markdown content, have it be rendered on the fly in real time and have it be deployed using next year so that I believe it's called content full. I'm going to quickly look it up now. Hopefully I got the name right. If it's not right, I'll just let you know there while I look it up.

Yeah, I just like the markdowns too, so like.

If you if you if you want more information that my link three is completely marked down, you know just you can see it.

Probably not a lot of people can't.

Well, read it, but anyway, just.

I use the markdown, so yeah, it was simple, you know, just.

We we like to.

As a program, as we like to use, the less tools and just deploy so.

So I like my gloves too so.

I never heard about the JavaScript.

The channel futures based on.

True.

Yeah, definitely check out Markdown JavaScript. It's basically an extension of markdown, so you can do the same thing you can do now with the additional benefit of you can do very easily things like Twitter embeds, which is one of my goals to start doing more embeds on my personal brand website and incorporating my kind of Twitter feeds. So Twitter allows you to do an embedded generation so when you click on the tweet and go export as an embed, it gives you a very quick copy paste link. That is

By default in markdown, but with Markdown JavaScript it just a little bit easier, so there's a few more things that are helpful for JavaScript embeds and things about nature.

You, you say I can do the embed through the simple markdown language?

Room

That's a good question. I I think there is some flexibility there because you can attach an like a very simple HTML content into markdown. Like for example, you can do a markdown equivalent link.

Ohh yeah, that's right, that's right. Yeah, the the the Twitter.

Doesn't use the JavaScript right when you embedding some tweet or something like that, right?

Yeah, so by default it's a link, right? That's not really embedded. If you Click to generate an embed from Twitter you will see what it looks like an iframe. I believe last time I checked so embedded in iframe is tricky and kind of visualizing it and making it look in a certain way. It's tricky, but if you start to use a markdown, JavaScript or MDX you have a little bit more flexibility. So definitely check it out if you haven't already.

Alright, sure, sure I'll take it out then. Thank you for your space today. And yeah, let's talk to you later.

Bye bye.

Definitely before you go. I wanted to briefly mention the the name of the project that I. I just found that I started to use for my personal website and that is content layer. If you haven't already, definitely check out content layer. It's one of the fastest ways that I've seen to publish content that is using either markdown or or something similar and it's able to essentially leverage the best of TypeScript. The best of next, the best of JavaScript, the best of markdown in one.

Package so that you can literally have a coding environment on your local laptop. It allows you to essentially render out any changes in real time. It auto refreshes your entire application and then you just press 1 button deployed online and now everyone can see the same change. So definitely check out content layer for its efficiency.

Alright, for sure, first I'll check it out. Then if you can just drop me the link. That's gonna be awesome and.

Surround.

Definitely thanks Charlie. I really appreciate you sticking around and thanks for your time. Yeah, I I think that you know we went a little bit off tangent and now we started talking about NAFTA and then kind of shared it. Veered into AI and then kind of talked about programming languages, but I'm glad that we have a few people who are in this space who are curious enough about that. But to come back to the music side, I think it's very important that that we talk about the the two things that w

50S and 2nd is video and 50s. In fact, I have one client who is a chatting with us who is very interested to dive into video NFTS. And unfortunately, there's just not much competition for that meaning from a consumer perspective. If you want to launch your own music, music, video if you want to launch your own music, if you want to launch your own truck, even a sound effect like, why aren't we seeing more music friendly block places and marketplaces if you want to do your own video if you want t

Their own short if you wanna do a loan form. If you wanna do a video form that is maybe a film quality or film great, why aren't we seeing more platforms? So if anyone's interested like just like you know, golden cubes mentioned the platform by Royal Royal Royal dot IO then definitely check that out for music if you're interested to check out.

A video focused platform built for graders using NFC technology. Definitely check out.

Glass that's glass dot XYZ. That's a great platform to to dive into. Their implementation is very unique. I really like keeping a very close eye on Glass team because they probably have one of the biggest challenges in the NFT space because every single video you upload.

Anywhere, whether we're talking about centralized server or decentralized server is very heavy, like file heavy. Like you know, there's a reason why you know if you're recording at a higher resolution, higher bit rate, your your file size balloon right, and you want to put that on a on any kind of decentralized or centralized data store. You're paying cost, so glasses has a very unique implementation. Now again, I haven't dove into royal, so I don't know how they've done things, but I definitely

Can can?

Really give props to anyone who is doing this because I think the opportunities we're gonna see next will come from.

Is like your C4907 which I mentioned before is a rental NFT. This is the perfect way to implement streaming music. This is the perfect way to implement.

I think we got your audio cuts off. Are you still there?

Well, I don't hear you eslava imagine maybe we'll give you a minute. It might be having some connection.

And videos, why aren't we seeing the the crypto equivalent of Spotify? Why aren't we seeing the crypto equivalent of Netflix? It's because nobody has solved this problem, right? Like we have the token standard. A simple example RC4907, we have the the end goal. Let's create a streaming solution using crypto using tokens using NFT's using whatever all their token tender.

You still there Slava?