Revolutionizing the Web: Layer1X's Blockchain Technology, Web 3 Usernames, and Multichain Identity

Ever thought about the intriguing world of blockchain and its potential to revolutionize the way we interact online? Imagine a platform that allows value, data, and logic to cross from one chain to another securely and efficiently. This episode offers an enlightening conversation with Kody, the CXO of LayerOneX, a unique blockchain platform that promises to do just that. Exploring LayerOneX's unique approach to fundraising, we take a deep dive into the thrilling universe of blockchain. Join us as we discuss the bullish market, the development of new technology, and the potential of web3 digital ID space.

Did you know that the future of the web lies in the hands of decentralization and user control over their own data? LayerOneX is leading this revolution with its unique username and space card system, which could potentially link to vital information like medical records in the future. Combining the power of blockchain technology with the potential of web3, LayerOneX aims to provide a seamless user experience, affordable transactions, and a higher standard of excellence for projects wanting to participate. Listen in as Kody shares the potential of web 3.0 usernames, how LayerOneX is setting new standards in blockchain, and how you can be a part of it.

Finally, have you ever thought about the rewards of being an early adopter? With LayerOneX's L1X platform, users have the opportunity to stake L1X coins for early access to a Launchpad for new projects. Not to mention the potential for revenue sharing, whether through creating and owning widgets, purchasing an L1X app NFT, or simply sharing a referral link. There's a wealth of opportunity waiting for you in the blockchain world. Join us in this episode to find out how you can be a part of the revolution.

Transcript

Speaker 1: 0:14

gente arena.

Speaker 2: 2:02

Hello, hello everyone. We will get started in just a moment. If you guys go, please do me a favor and go down to that bottom right hand bubble, like and retweet the space. Let's get this shared out. This is going to be an interesting one, right? And the very bullish one as well. We are waiting in our AMA guest to come in. I see we already have the layer one profile in the space, but I think you're waiting on crypto, not? So yeah, we will get started in just a second. How are you doing today, chris?

Speaker 3: 2:33

I'm doing well. There's gonna be a good one.

Speaker 2: 2:36

Yeah, yeah it is. It's been like a super busy and pretty bullish day. There's a space going on right now that's been going off for like four hours on what I'm kind of bullish on today. I think I've been sharing it a lot lately and this is kind of related to that. But yeah, I can't wait to get into this one.

Speaker 3: 2:56

Yeah, 2023 is wrapping up, so I think people are getting a last minute big pushes in.

Speaker 2: 3:02

Yeah, not not only big pushes, but it seems like a lot of tech is rolling out, and I don't know if it was by design or if it just took right until now for everyone to get done with it, but some interesting tech is coming out. Had another bullish meeting that I'll talk to you kind of off basis about, but yeah, we are a lot closer in the web, through digital ID space, to getting exactly what we want, utility wise, and then that that is actually super bullish and super exciting. Yeah, but again, I don't know where Cody's at. If somebody could go find him so we can go ahead and get started, that'd be awesome. How about yourself, sir? How's the day been? I know you're on a space with me earlier.

Speaker 3: 3:54

Yeah, yeah, this is a rather laid back Friday. I do it's. You know it's the end of the year's, you know fourth quarter for a lot of people. So and I'm just, I'm doing what you're doing, I'm watching, keeping up and excited about what I'm seeing unfold.

Speaker 2: 4:16

I'm sure you're certain. I see we've got Cody on crypto, not how are you doing today? So you ready to get into this?

Speaker 5: 4:24

I am. How are you?

Speaker 2: 4:28

I am doing good. It has been a busy day spaces meetings all day all morning, have some more after this and then I'm still going to find some time to drive around Christmas lights. I got in that portal pre-sale, so I'm pretty happy about that because, yeah, I like games Nice. And yeah, once again, just want to remind everybody as you're coming into the space, if you could please go down to the bottom right here corner, like and retweet. If you have any questions, feel free to ask them down there. If anybody wants to come up and ask any questions is an AMA, so we do invite you to do so.

Speaker 2: 5:09

I have pinned a couple things up to the top, one of them being a tweet that you guys sent out earlier today, so that is an awesome one about your with three identity and then another. You know kind of I had an introduction to the platform, was able to make my first swap, so, yeah, we'll talk about that as well, but yeah, we're going to go ahead and get started Perfect. So now that I do, I would like to welcome everyone to another. I heart domains, tech talk, ama where we highlight and deep dive with builders, entrepreneurs and visionaries in the Web three, digital ID and domain space in the Web three tech space. As always, our tech talks are recorded so you'll be able to listen back to them here on Twitter, as well as on our content content archive, as always, like a tongue twister bro content archive at link three, dot to four slash I heart, or four slash be five, wallet. Or you can view our content archive at heart domains, dot com, as well as on every major podcast player, including Apple and Spotify. So, yeah, we give give people quite a few places to listen back to these spaces and get this alpha again. Please like and retweet, as always.

Speaker 2: 6:21

I encourage everyone who is interested in anything that you're here to and who needs more info to join their community directly. As always, do your own research and our am a's are not financial device. And yeah, with that being said, as I just got finished saying, I got the chance to demo layer one X last night, including going fully through a swap and maintain my very own web three digital identity. So, yeah, I'm not sure how many others have done across chainswap before, but this was like literally my first time, so I was pretty impressed with it. I've actually curated some questions to help us dive in more with the layer one X platform so we can learn how this all works, so I can learn exactly what I just did. So, first and foremost, we are blessed to have crypto, not a KK Cody, on board. I want to start with you formally introducing yourself, your background and kind of a brief overview of what layer one X is.

Speaker 5: 7:20

Yeah for sure. Thank you again for having us back on. I know we were on, I think, last week for a panel discussion that you had, so that was fun, but we do appreciate you having us back so that we can do a deeper dive into what we're working on technology wise. To introduce myself, my name is Cody, I'm the CXO, and if you're unfamiliar with us what a CXO is, I'm the chief experience officer here at blockchain, layer one called layer one X. Layer one X basically launched our Genesis block, which is, if you're unfamiliar with what a Genesis block is. The Genesis block is the very first block in a blockchain and we launched that on in August and we are in what's known as mainnet beta.

Speaker 5: 8:12

We're kind of doing things a little bit different than what most blockchain projects have done in the past. Rather than basically raising funds and then going and building the project over the next two to three years, we've done the reverse and we've actually built the project over the last two and a half years, three, almost three years and as a result of that, we've we've been kind of going through our private round, seed round, private cell, and now we are currently in the public cell phase of our project and just to kind of give you a little insight into what layer one X is. We are the first interoperable blockchain built to make multi chain technology and decentralized networks accessible to everybody. So what does that mean Basically? We are a chain that's built to unite all of the different chains, allowing them to have total, true interoperability without the use of a bridge and you mentioned bridges earlier.

Speaker 5: 9:20

Yes, I can remember my first bridge experience back in oh gosh, I can't remember the year, but I was a little little minnow in the in terms of being an investor. But I remember my first trade was a couple of grand and I was sweating bullets trying to use a bridge because it took forever and worrying about if I was going to get my money and the fees and everything. So as soon as I saw the technology that was being built with, l1x definitely made me want to jump, and one of the main reasons was I got to see the opportunity for where it could go and how it could provide a solution to address a lot of the challenges that not only are blockchains facing, but users are facing as well, with scaling, decentralization, interoperability and security. As soon as I saw the tech of L1X, I became extremely bullish on what they were doing and wanted to get involved, and so that's how I started about a year ago with them, and since then we have made some great strides, made some crypto firsts. For an example, in March of this year, we did our first EVM to non EVM swap without the use of a bridge, and so if you want to watch that real time, you can look on our Twitter handle. We've got that recorded for you guys to kind of look at as well.

Speaker 5: 10:53

So that's kind of us in a nutshell. We have a couple of big claim to fame. One is X talk, which is our interoperability technology that we've built, which I'll dive into a little bit more. The next one is digital identity and data management for the user, and we'll talk about more about that as well. And then the last one that I like is the universal gas fee token that comes with our L1X coin and that will definitely be a game changer when we go and fully launch in, do do a main net, full launch in the end of January, so that's when our tokens or, excuse me, our coins will basically become fully tradable and everything will be turned on.

Speaker 2: 11:43

Okay, so there's definitely an opportunity now for everybody being early. And before we go any further, it's never too late to right a wrong. I do want to introduce my amazing co-host. He is always here sharing in the alpha and asking amazing questions how you doing today. Go ahead and introduce yourself formally, chris, so everyone knows who you are.

Speaker 3: 12:04

Well, my name is Chris. I am the strategy director for Namertips, as I hear said. I have the privilege of being the co-host in these wonderful spaces and, you know, learning about how web three is growing and being introduced to a lot of visionaries and great minds in the space and it's interesting. I'm glad that we had this introduction into layer one X, because the interoperability thing is really it's heavily discussed, right, but the way that it was just explained in terms of the direction layer one X is going with it, it sounds really promising and I'm looking forward to learning more about it.

Speaker 2: 12:43

Yeah, me as well, going back to kind of Like my experience as well. So I actually came into the space extremely adventurous. I started off on other blockchains experimenting with things like a vax and phantom, all those other things, trying to chase the next pump, and so I became familiar with bridging Very early and it was a pain. Those same fears, wondering if you're going to get your money on the other side, sometimes it taking A day or two.

Speaker 2: 13:15

We're having to wait for the quitting on the other hand, having to find the right bridges, and I remember thinking at that point like this would be impossible for for most people to learn, and even now, with some time between having to do that, I've forgotten completely how to even bridge. Like when I beat tokens on another chain, I literally send it back to a hot wallet, exchange it there and then send it back. So the prospect of being able to do this in one interface is amazing and I'm really curious to detect that happens kind of behind the scenes, since you're limiting that whole process. So, again, like the L1X platform, it, it, it seems to serve the purpose of that one stop shop for anybody that's wanted to trade those tokens. Can you explain how that tech works and you know obviously how it would make life easier for people coming into the blockchain that don't understand really how difficult it is to interact, to work with different blockchains and different tokens.

Speaker 5: 14:11

Yeah, yeah, no problem. So a lot of that has to do with our, our in house technology that we're building Right, and so a lot of this we're going to keep under the hood because it's all proprietary Right, and so, however, the the way we want to focus on developing this technology is that we want people to, no matter the level that they're at If they're a newbie all the way to a veteran or even a dev we want them to be able to jump in and be able to participate Right, and so you'll hear you'll hear me use that term under the hood quite a bit that's my favorite phrase to use. Over the years.

Speaker 5: 14:52

I've been doing this kind of work for software development, specifically in the SAS world for almost two decades now, so it's been kind of nice to kind of bridge that over to what we're doing here as well. But when it comes in terms of the tech, there's a lot of moving components to how we make this work, and so, to get not too technical, it basically allows us to kind of use contracts. We can communicate, we can facilitate not only the transfer of value, of tokens and things like that, but we can also transfer data and logic, and that's where a lot of this comes into play with the tech is our ability to communicate between the two chains and get them to talk, and so, in a nutshell, that's basically how we're how we're doing it. But yeah, sorry I can't go too deep on that, but hopefully that kind of whets your whistles a little bit.

Speaker 2: 16:02

Now I was going to say I definitely understand and to explain to people kind of how easy the process was for me or how that process went. I took some B and B from B and B chain and I switched to Tomatic. So I did a simple swap with an interface that was just as easy to use as a unit swap or anything else and it did the trade right there in the same speed that it would, with the same transaction amounts that it would, in order to do that kind of swap, and I ended up with a Batic and Bollygon in that side of my wallet. So whatever you got going on in the back end, it definitely works and it's set to revolutionize the space and I want to kind of talk to you. So we started with the tech first and we're going to kind of go to the opportunity alpha last in this last portion. But on the last part of the tech I do want to talk about people building on the chain.

Speaker 5: 16:54

Yeah, I'll go for it. So I was just going to tell you one of the things that has helped us with security and speed is that we're not leveraging the Assyrian EVM consensus. We have actually built our own EVM machines from the ground up, and so that's why we're able to do the speed that we can across chain. So just to kind of give you a little bit of perspective into some of that technology.

Speaker 2: 17:23

OK, chris, you had a question.

Speaker 3: 17:27

Yeah, you know it's funny because he dived right off into security. I was just getting ready to ask about that because the tech sounds great. Right, building from the ground up under the hood. I love that phrase. Would you would you mind going into? You know, a secure four lack of better words to security pitch, like you know, what makes this particular chain secure? Right, because you know, in this space you hear a lot of people leave with security and so on and so forth, and there's a lot that has happened in recent days with respect to security and I think this will be a great time to go into what Layer 1 X offers with regard to security and, you know, reinforcing people's confidence in using the product or service to chain, and so on.

Speaker 5: 18:11

Yeah for sure. So you know a lot of it. When it comes to the security of it, it boils down to the amount of nodes that are being ran Right, and so for us, we have three different types of nodes that are being ran on the blockchain. There's basically, like your, full validator nodes, there's listening nodes and then we also have mobile. You can be a mobile validator, so anybody can download the app, which will be available soon, and become a mobile validator, which we have kind of tapped into.

Speaker 5: 18:46

I know there's been some other networks that have talked about that security of being able to add in nodes From a mobile perspective, but we were the first kind of the first ones to really fully implement that into our whole blockchain infrastructure. Along with that, we've got some other things that are you know. We use the top encryption hash procedures for us to make sure that the data is securely hashed properly. There's a lot of different things. I can throw out some pretty big words, but half of it I can't even pronounce anyways, but we've taken precautions on that. Likewise, we have a couple of different things where we can do a hybrid model off of ours for private chains. Those private chains are kind of more for governments, big businesses, things like that, and the cool perspective about that is that allows you to private chains can communicate with the public chain and but not vice versa, right?

Speaker 5: 19:49

So where that comes into play with the amount of security that we're doing is that it's really focused on building that whole digital identity and being able to provide the control and management of a user's data and giving that control back to the user, and so that's where the ultimate security comes, because the way that we're building it, it's almost like we're building a moat around not only your data but your wallet and everything like that. And so then, as you're connecting with these different projects and and from health care to DeFi, to your games and things like that you will be in control of what kind of data you want to share with, with the people and the projects, as well as being able to potentially monetize off of your data as well. So that's where a lot of the different security components start working together and kind of making that forward motion that we like to talk about as well is how we're how that's all going to come to ahead in Web three with that security data as well.

Speaker 3: 21:03

I'm glad. I'm glad you stated that and you talked about putting the control in the hands of the users, because you, you know we're on the same frequency today, because when you reference the medical records, that was the first thing that came to mind, because I visited you all this website and was pretty intrigued by what it was that I combed through. So I'm glad to hear you state that and that's why I asked that question would you mind breaking it down? Because I don't think a lot of you know the everyday users that will hopefully embrace the chain. I think that is going to be important for them to know that they do have that control. So thank you for highlighting.

Speaker 5: 21:35

Yeah, yeah, and I think it's important to also note that there's a lot of different projects out there, from layer ones to layer twos, that are basically claiming to be focused on decentralization of digital identities, and that's great. But when you peel back the onion of what this whole thing is, that we're working on with this digital identity, the true value really in lies in the ambiguous decentralized ownership of non physical assets as well, but being able to do that across multiple chains and not just one chain. So let me let me restate that again Decentralized identity is only going to be valuable when it can be done across multiple, multiple chains in a decentralized manner. So, and I think that we're well on our way there because of our ability to do true interoperability between the different chains right now.

Speaker 2: 22:42

So yes you're definitely building into the bigger picture that we on the Web 3 ID side are are kind of campaigning for and obviously, you know some of the protocols and platforms have each other in the way of achieving that, which is why I'm glad that we have builders who are still building the infrastructure and the tech on the back end to achieve it anyway, and I actually kind of want to get into that a little bit For those of you who are just now joining in want to welcome you guys to our heart domains tech talk.

Speaker 2: 23:15

We have our guests, layer one X and Cody, who is a CXO, giving us all the alpha on the multi chain cross chain platform block chain they have built. We are kind of wrapping up some of our tech questions and then we're actually going to get into some of those digital identity questions. But I want to talk about the builder, the tech ecosystem itself. So, aside from you know the benefit of users of being able to do cross chain swaps, what are the benefits for for builders? Why would a builder, you know, rather than building in the traditional environments that are building in the one chain I'm here create the maxi environment and then roll from there? What kind of benefits is offered to builders, what kind of things can be built and what's an example of how you know your utility improves what they may currently be used to like I said being stuck on one chain.

Speaker 5: 24:07

Yeah, so a lot of projects, you know they they kind of paint themselves into a corner depending on the chain that they use. If that chain gets adopted by other people or users and projects really depends on the growth of the chain which will hinder or basically make your, your project grow Right. And so sometimes it's a, it's playing roulette when you roll and try to make it a project and and knowing where to put that project on which chain is going to be most beneficial for you is kind of a feat in itself. But by building on layer one X, it will automatically give you that interoperability play from the second that you sign up and start working and building on on our platform, meaning that you'll be able to tap into not only the, the users of various chains, but also the TBL of those chains. You can communicate with the different smart contracts across the board.

Speaker 5: 25:14

As I mentioned before, you could have a smart contract on Ethereum, communicate with a smart contract on BNB.

Speaker 5: 25:23

You could also make it so that you could do multiple, like I said under the hood.

Speaker 5: 25:33

Let's just say I wanted to send you a full Ethereum, but I only had half of Ethereum on Ethereum and I had half of a wrapped Ethereum on BNB.

Speaker 5: 25:43

Well, I'm a huge fan of having smart wallets, and so if you had a smart wallet on layer one X, you could still send that one Ethereum, but it would take half of that Ethereum that you had on Ethereum and swap out the wrapped Ethereum, bridge it over and give it a true Ethereum and send one Ethereum to you all with one click Right. And so those are the kind of functions and features that you could start building, which not only increases the usability of your product and service, but also the user experience then goes through the roof, and it's all decentralized, right. And so I'm a huge fan of basically stating that good user experience, good UI design, does not have to be hindered or deterred away because you're trying to inject decentralization into it. In fact, you could have the same user experience with a centralized experience that you would experience on like a, an exchange or you know one of these other types of projects. That's all centralized.

Speaker 2: 26:55

That is amazing. Go for it, Chris.

Speaker 3: 26:58

I'm loving this because, you know, he just stated that. He just stated what I think a lot of us in the way of three space have, the ones who understand where this is really, really going. He just stated that the technicality does not have to our way to practicality. And that practicality I mean the way kudos on breaking that down, the way that, the way that you did. Now I'm curious, you know. So the builders clearly have a reason, right, do this layer one x plan to offer any formal incentives to, you know, basically attract builders, formally, attract them to building on the chain. Is that something in the cars?

Speaker 5: 27:41

Oh, 100%. I'm glad you brought that up. How does $20 million grant sounds?

Speaker 3: 27:49

Pretty good if someone is actually bringing some solid project.

Speaker 2: 27:53

Yeah so I need to send over my wallet.

Speaker 5: 27:56

Yeah, exactly, so we've got a great grants program for anybody that's interested in building on layer one x. We've actually given away some of it already. We've given it away to a couple of game. I believe a gaming platform and a few other major projects that we fill are true innovators in the interoperability web three space, and so you can definitely go to our website and apply for one of those grants. It is open, I believe. I don't know if this has been announced yet, but I'm going to announce it anyways. I believe it's been extended. We were going to cut it off at the end of January when we go mainnet live. However, I believe that we've extended that until June of 2024.

Speaker 2: 28:45

Yeah, this is an amazing opportunity for all of you builders out there. As I mentioned in our last tech talk, going into 2024, I'm going to be connecting with a lot more ecosystem partners, a lot more people who are building real tech.

Speaker 2: 29:01

So, that our builders who are building in our space and digital ID and regular domains or whatever you know, can start building on this tech and getting this alpha early as we're continuing to expand our space. I do want to touch on some digital ID, though, because you guys have an interesting ecosystem, and what would you say? The word program is coming to my mind, so I'm just going to say it, but you have an interesting program around how you handle a identity within your own platform. You referenced it a couple of times. You guys have a username and a space card system which is actually kind of like an index of information, essentially like we were talking about and we've often speculated.

Speaker 2: 29:45

You know in our spaces and it's the, you know all the other web, three domain spaces that one day you know this user name that we were using as our Twitter handle, that you know we're using as our alpha flex. One day we also use to connect to medical records, we have to connect to other pieces of vital information and, yeah, thank you pretty much created that within your ecosystem. So tell us a little bit more about your username and space cards. What are they? And, yeah, how do they benefit the user that's coming into the user?

Speaker 5: 30:15

Yeah, so I mean in true fashion of what web? The merge from web two to web three is getting that all decentralized. Putting the control of the data back into the consumer or the user's hands is vital right To the success of that web three migration, and so that is our primary focus with the the web three username NFTs, and so if you know anything about an NFT, a lot of people just think that NFTs are all about just weird random photos that sell for thousands of dollars, type of things. But there are a lot more different type of utilities that you can actually put behind an NFT, and so one of those that we're doing is just we're putting the username as an NFT, and for variety of different reasons, the main reason that we're doing that is so that we can build that moat around not only the user's identity and data but also their wallet, and basically provide them with a interface or a gateway into our ecosystem. I don't think that there's any other blockchain that's done that they've relied on projects to build on top of them to start providing views or access to their blockchain. However, we're doing things a little bit different. As I've mentioned before, is we've created a thing called L1X app and that L1X app is a great place for a username to be established. And the reason why you want to establish your username now is so that you can use it down the road for things like social media, website medical records, gaming profiles. It's endless on what you can do with it. You can also break it down in a username you can use as a work. You can break that down into work, you can break it down into investor, your own personal use. It's really endless on what you can do with it. And we're combining those into what we call space cards, and those space cards are where you're gonna be able to attach those to the different DeFi projects so that you can segment that data out.

Speaker 5: 32:39

And then again, if I was to going back to the analogy that I gave, where I was transferring one Ethereum, maybe I was buying something from you in real life I could transfer that information to you and then from there, once we make that transaction, I can revoke that information so that you don't have to see it. Maybe there was a decentralized bill of sale that was auto-generated because of our transaction. I can have that bill of sale generated, created based upon the information that I shared from my digital ID and then, once that's done, revoke the access that you would have to be able to see that, although you and I would be the only ones that would be able to see that at this point in time, it's just endless on what you can do with those digital IDs. And, yes, we feel like the digital ID is definitely gonna be the gateway to the Web3 experience and to kind of cultivate that Web3 experience and build upon it within the L1X app.

Speaker 5: 33:42

How we're doing this is we're actually putting the user in control of how they wanna view and digest that information that they receive.

Speaker 5: 33:51

So today in the Web2 experience, we go to a specific platform to engage with people, like on Twitter, for an example.

Speaker 5: 34:01

We go to a specific website to read or to make a purchase.

Speaker 5: 34:06

Well, what if both of those use cases are literally put into widget form of the different components that are onto a website or a social media platform, like a post or a tweet?

Speaker 5: 34:21

What if those can be pulled into a feed where the user has control over their own algorithm, so that they don't have to see recommended or ads from that platform, or if they wanna see a specific, maybe reoccurring, product that they purchase all the time. They can bring that product into their own kind of like marketplace view where they can go in and create a quick toggle where they can buy that product at any time. Or if they wanna see news from a specific outlet, they can pull that in to their own kind of feed structure and that's what we call spaces. And so really what it is is designing it in such a fluid way so that the user can not only experience web two, but they can import their web two data to build out their web three user profile and then from there then they can start building upon that and using that data to build out their web three experience.

Speaker 2: 35:24

So a lot of people are kinda listening back to this AMA and realize that you just spilled out what is still the future of digital identity, or even understanding what it could be for most of them, and it's amazing that you've already built that out or in the process of building that out and thinking that forward ahead in your platform, and that it's multi-chain and cross-chain. Yeah, I'm very rarely at a loss for words, but yeah, go for it, chris.

Speaker 3: 35:54

Yeah, I'm hearing fluid accessibility and a frictionless user experience. That's what I'm hearing, and I love that digital identity is being used right, Because in the web three space you hear a lot of people they kind of mix the worlds of domain names and digital identity and they use them interchangeably, and so this is refreshing to hear digital identity being referenced. Right, it's being honed in on, but then it also has the supporting elements of what's being offered that reiterate that that's what this is about. It is about digital identity. I love the example regarding the widgets right, Because if we look at digital identity, I think the thing that we should definitely use as an example is the way that people live their lives.

Speaker 3: 36:41

How do people interact with their data, how do they interact with others? And to be able to create a way for them to interact with one another in digital fashion similar to how they do in a real world, if not better. I think that that just makes for that seamless experience that was just being referenced. So this is exciting and I'm looking forward to everything that's coming from. I'm looking forward to it. I'm a fool, as you could probably tell from my words, of being a jumper.

Speaker 5: 37:08

I love it. I love it. We call it the symbiotic relationship between human and machine. Right, it's that fluidness where the line's been blurred, Kind of thing.

Speaker 2: 37:22

So yeah, I also wanted to ask another question in relation to the usernames. So there's a process currently to acquire username and I'd like you to walk us through it, because it actually comes with some additional benefits. When a person enters your ecosystem in this way, they truly enter your ecosystem and I believe the cost of the username itself or the cost of entering the ecosystem that way also will entitle you to some governance rights and all kinds of other perks that come along with kind of being early to your platform, kind of break that down. So I know there's a lot too, what you guys have going on and a lot of the perks and incentives for early users.

Speaker 5: 38:07

Yeah. So I'll kind of start with the seed and private cell public cell that we're currently in right. So many people can jump in and purchase the Elvlinx coin directly from here by just simply swapping any of the chains that we are currently connected to. You can swap that into gather Elvlinx coins. You can purchase it that way, which is a great way to do it. Likewise, that can be done across chain right. So another perk there as well.

Speaker 5: 38:45

With the Elvlinx coin for a lot of our investors, we wanted to do something that was unique, that a lot of Elvlinx layer ones don't do, and we wanted to reward a lot of our early investors. So we came up with a couple of different things that we wanted to do for them. So one thing is that they can stake their Elvlinx coins before mainnet launch and earn other incentives. So we are building in. For an example, we're building into this Elvlinx app a Launchpad, and if you're familiar with what a Launchpad, if you're not familiar with what a Launchpad is, a Launchpad is a great opportunity for newer projects to jump on and kind of promote themselves. Think of it as kind of like a shark tank kind of thing where they can come in, they can get on. They can pitch their project and then from there investors can jump in and get in early on these projects, which are very beneficial a lot of times and then other times they're not, but at least there's a good opportunity for people to see what's coming up and get in early. So by staking your Elvlinx coins, you get early access to that Launchpad for the projects that will be coming onto the Elvlinx platform. Along with other staking perks, you get bonus reward tokens at Mainnet Launch. There's lots of different things there as well. And then along the way we also wanted to give people the opportunity that believe in the project access to be able to share in the fees generated from the Elvlinx app and all of the functions and features that are gonna be coming into this ecosystem.

Speaker 5: 40:37

So currently we have the Swap widget which is on the Elvlinx app. So there's a couple of different options there. You can participate and basically create and own your own widget. It's a white labeled version of the widget that developers can put onto their projects and you can earn I believe it's up to 20% of the fees generated through that through a revshare. Likewise, if you purchase an NFT for the Elvlinx app NFT, you'll get a username with it, but that Elvlinx app NFT basically gives you ownership rights to the fees that are generated through the Elvlinx app itself, and so you can imagine we're only starting right now. We do have the Swap coming. We are introducing gaming into this. We are also introducing social media kind of stuff into this, health stuff. It's gonna be endless on the different things that'll be put into this. But think of it as kind of like an operating system for the Elvlinx blockchain.

Speaker 2: 41:55

Yeah, I'm super excited for that and we've already spoken before and do not be surprised if you see that swap end up on the iHeartDomainscom website. I truly believe that the user interface, ease of entry, ease of all the stuff is what will drive adoption and, again, my experience with a swap was very easy. Think anybody could use it.

Speaker 2: 42:21

So, yeah, look forward to that and I love that revenue sharing opportunity that you give me people not only to be able to use, utilize that option if they have web properties like that, but also giving people that option of sharing the revenue just by entering the ecosystem. I see we have a couple.

Speaker 5: 42:38

Oh, hold on, just one sec. The last thing I wanna add is the third leg to this revenue stream. So even if you come in, you don't buy your NFT to the Elvlinx app or you don't create your own widget type of thing, just by signing up and creating an account, you'll get a referral link and you can just share that referral out to your crypto friends and your crypto friends as they come in, you'll earn I think it's five to 10% of what they do on the app for life.

Speaker 2: 43:11

I have a question Is there a limit to the amount of widgets that a person can deploy or embed into a website that's up to the partnership group.

Speaker 5: 43:22

I haven't heard anything but on that one specific. It's right now, it's a case by case basis so that I couldn't tell you.

Speaker 2: 43:31

sorry, and the reason why I'm asking. Well, the reason why I'm asking and I'm kind of what do you call it? Pre-pitching this opportunity, but you do have a lot of people that are in my community that invest in web two domains, right. Some of us have domains that are related to cryptocurrency and some of us plan on deploying landing pages on them, monetizing them by using them as parking pages, et cetera, and some of these properties, even though, like, for instance well, I'm not gonna give an example, but if there was a good example out there of a website there would attract traffic for a swap and a person had multiple of those in their portfolio, that might be a good income generating opportunity for that person, if you guys allow it.

Speaker 2: 44:14

So those are the landing pages, so hey, maybe that opportunity's out there. I see we've got smart with your hand up, how you doing today.

Speaker 4: 44:21

Yeah, I'm good. Thanks for bringing me up. Yeah, can you hear me clearly?

Speaker 2: 44:27

Yes, sir, yes, sir, go for it. You got a question for Kryptonite.

Speaker 4: 44:32

Yeah, I do have a question. So it's concerning the third one, S-Tap. I notice it's not really accessible on mobile, so I want to know are there like plans in the future to actually make it for a mobile friendly, because going like that can't access it and being to that need to use a desktop with a minimum of 12 inch screen.

Speaker 5: 44:58

Yeah, we are planning on bringing out actually a native mobile app for iOS and Android. That should be coming out very soon. I think the last time I heard is that it was gonna be possibly the end of January that that would be rolling out.

Speaker 4: 45:17

Awesome, awesome, awesome. So I want to also know will it be possible to link our ID to like our social profiles, like Twitter, and make receive payments via them?

Speaker 5: 45:30

Yeah, we do have plans. We are building our own Oracle system which basically allows you to pull in your web two data into your web, three username and user identity. And so then that way we can. You would basically just need to go to the L1X app, create your post and that should be auto posted to your Twitter accounts, for an example, if you connect them. That would be a simple way for you to kind of manage all of your social media platforms from one interface.

Speaker 4: 46:07

All right, so that's my question for now, thank you, yeah, thanks for the question.

Speaker 2: 46:13

Yeah, thank you for that question and I do also extend an invitation to anybody else. If you guys want to come up and have any questions for them while they are on stage, feel free to request a speaker role. We will add John up and when you're up here, just go ahead and raise your hand and ask your question. You mentioned that you guys are in somewhat of a beta stage, so I wanted you to explain kind of more about the stage you're in. What are the short term and long term goals or roadmap looking like for the project? So for people that are waiting for Maynet to go live, when is that planned, et cetera.

Speaker 5: 46:50

Yeah, for sure. Like I said, we did things a little bit differently and I actually like the way that we've done it, where we've got Maynet beta and during the six months that we were doing Maynet beta, our main objective is that we wanted to onboard as many different projects, major projects, that we could. That would basically highlight and showcase what our technology can do. Likewise, what we wanted to do with that, too, is start getting projects in that will start generating transactions for us.

Speaker 5: 47:31

The nice part about our transaction is, let's just say, the reason why a lot of like e-commerce stuff really hasn't started taking off on blockchain is because of the cost, right, and so, like, who wants to pay, you know, $3 for a thing of coffee, when it would cost them like five to six bucks to make the transaction happen on Ethereum?

Speaker 5: 47:55

Right, it's not cost effective. And so that was the other thing that we looked at is that we wanted to make our platform very cost effective, and so all of our transactions, if done on the L1X platform, from L1X to L1X, is only one cent, no matter the size, no matter the you know time of day or anything like that, it will always be one cent. However, if you're doing cross chain swaps, don't forget, you will always have the gas fees associated with that particular chain that you're transferring from, along with a one one cent fee on top of it, right so? And then, whatever platform you're using, you'll have those fees on top of that as well. So you know, as we kind of look at that, that trajectory of where we're headed. I mean, there's a lot of interesting stuff that we can do with it, for sure.

Speaker 2: 48:55

Yeah, and that sounds like an amazing opportunity and I'm just I'm thinking right now that the consumer process you could literally just interact on your chain at one cent of transactions. All the builders build there, and then you could send your assets to whatever chain you needed to interact with them with.

Speaker 2: 49:13

That definitely makes more sense because, yeah, you're right, the biggest problem right now, well, besides from the mass fluctuation and the value of most tokens, but aside from that, yeah, there really is no retail way to interact with these tokens or to transact, because the gas is just not there, right, I've seen a couple of attempts at it, but, yeah, doing something like this, creating a cheaper ecosystem that people can operate on, that's multi-chain cross chain, but it would definitely be a better step in the direction of creating that retail environment. This is getting people to actually use cryptocurrency. When people ask what will bring in the masses, these use cases, right, not everybody wants a picture, not even everybody wants a username. Hopefully they'll be forced on them because they'll need it, but some people will just want cryptocurrency to interact and buy things, and the easier people make that to do, the closer to reality that that will become, that those people will come into space Go forth.

Speaker 2: 50:15

Chris, and then we'll go to June.

Speaker 5: 50:19

Oh, I was just going to say a lot of people are very cautious about wanting to dox themselves with, like, a username or a digital identity.

Speaker 5: 50:31

Let me just show you a use case. We want to protect your identity as much as you do, and so, for an example, let's just say we brought on a game that was kind of a blood guts gore kind of game and you had to be over 18 to play it, right, in web 2 experience. A lot of times when you're playing those type of games, they'll ask for you to checkmark a box to say that you're over 18 to view this site, or you have to enter in a birthday, which a lot of people just put in a fake one anyway, so that they can see it. The way that we interact with our digital identities is that we can let that game know that you're 18 without really revealing your date of birth. It's kind of like, hey, lnx, is this person 18? Yes, okay, great, so that's how we play through. Right, they don't even know anything about you except that you're over 18. That's how we plan to protect you, guys.

Speaker 2: 51:35

Yes, sir, yes sir, that's digging in. That's digging in the DID being built kind of from the decentralized end, which is what we're hoping for. Go for it, chris.

Speaker 3: 51:47

Yeah, okay, so this has been very intriguing.

Speaker 3: 51:52

The one cent gas fee situation prompts this question.

Speaker 3: 51:56

So you guys have created I love the way that you all have your own ecosystem, but, at the same time, still embracing interoperability.

Speaker 3: 52:05

My question now becomes this, because now we're moving into that sector of quality of experience, the sustainability of the approach and the structure of everything that you guys are working towards has there been any talks to establish any type of accountability or expectations for the teams that are operating the other chains that you guys are connecting with, because everything is new right now. Everybody's excited, but we all know, when it comes down to it, the things that are going to really benefit the people are going to be the things that are around right, the things that evolve, the things that have standards and everyone's holding everyone accountable. Have you guys I know you guys have likely been in contact with teams of other blockchains and so on and so forth, but have you all put anything in place with regard to these are the standards that we would like for you all to meet in order to make sure that this works, not just for the interim, but for the long term?

Speaker 5: 53:06

Oh yeah, 100%. Yes, we have been in talks with other chains Quite a few of the top 10 chains to be, in fact, likewise, when you take a look, if you sign up for our developer portal right now, a majority of the projects that are being brought onto the L1X platform during this beta phase are kind of more of a handheld approach to it. But the way that we're designing the smart contracts, the libraries, sdas, things like that that developers will be able to tap into, really what it does is, it sets the guard rails for a higher standard of excellence. I guess you could say that we demand certain projects to be at a certain level in order to not only be able to participate on the L1X blockchain, but also to be part of the L1X app, to bring in their widgets and things like that into it. You will have to build at a certain standard, which is something that we don't want to regulate ourselves, but that's why we're being so meticulous on the contracts that we're writing.

Speaker 5: 54:21

We have multiple contracts. There's one specific one that has, like, it's called Xflow. It's got about gosh, I think. It's 10 different smart contracts that are daisy chained together to create such a unique experience that a developer can't really step outside of it, but they need to have access to that specific contract flow so that they can participate in the. You know the once in L1XV you can participate in the L1X identity, you can participate in this and that and some other things right. So they will have to participate in at a certain level in order to gain access. So hopefully that answers your question.

Speaker 3: 55:08

No, no, actually, I was actually really refreshing because the interoperability, you know, everyone's, like you said, everyone's discussing it, right, it's going to be the hot thing. But with interoperability and kind of just opening up the gates without any parameters, it lays the foundation for bad actors, right, and a lot of things that we don't want to deal with and probably don't have to get into here. But to hear that you reference the guardrails and I love the fact that you reference the goal is not to control it, like we don't want any parts, but the framework is there to ensure that individuals, you know, can't get off the rails but can still innovate and not have to compromise on what they're bringing to the table. So kudos on that.

Speaker 5: 55:49

Yeah, yeah, there's some very unique, interesting things that we're bringing to the L1X platform. I mentioned widgets before, right, but we're introducing this thing. It's kind of like something that we've been working on. It's a concept that I've had for a while and I'm glad the team has grabbed ahold of it and it's running with it, because I think that it will be another game changer for the way that users interact with crypto is that it's called objects and this object allows you if you've ever used like a WYSIWYG editor, you'll.

Speaker 5: 56:29

Basically, if you're not familiar with what a WYSIWYG editor is, it's kind of like what you use on a blog to type in and create your blog post, right?

Speaker 5: 56:39

Imagine that to be able to create NFTs, create a social post, create a website, create a tokenizer car, tokenize your house you create these things and then they become objects and then you can actually create X apps where you take all these objects and you put actions behind them, right?

Speaker 5: 57:02

So if I created a new post and let's just say I wanted it to go out and to automatically tweet out on Twitter and on Facebook and Instagram all from my L1X app I can build in an action that can do that. But one of the things that we plan on doing is allowing developers to go out and create those actions for those people that can't create code or don't know how to code. They can go out and create those things and put them into like a marketplace and they can charge for them, they can get royalties off of them for every time that they're used, and so on and so forth. So not only are you creating kind of an environment to invite good actors to come in and make a good amount of revenue from this stuff, but also it allows you to. It starts tapping into that like no code solution, with a little bit of the developers coming into play as well.

Speaker 2: 58:00

Before we go to June. I did want to because there is a lot of incentives for developers to begin building over there and I wanted to reiterate that you guys have a $20 million dollar grant fund over there for anybody who is interested in developing and learning how to develop and potentially apply for that grant. What is the easiest way for them to get in contact with someone over there to start the process?

Speaker 5: 58:24

We have an application on our page. You just click on over to L1Xfoundation. You'll see a thing that says build. Click on that link. A hover down will show like how to get started with the developer portal and then there's a link over there that says grants. That's where it was last time I checked, but it's pretty easy for you to find. Go through, click on that. It's a simple form fill. I do have to admit that there are a lot of people coming through on a daily basis like requesting grants. We are trying to get through all of the different applications and decide where we're going to be putting those funds.

Speaker 2: 59:09

Again, just mentioning that opportunity. We recently went through and are still going through a grants process through E&S down. I know a lot of the builders there are building some amazing things that they could potentially look at building and maybe even be more advantages for them to build on this type of blockchain rather than again, like you said, being restricted to one environment. Yeah, that opportunity is out there again. Do your research not find answers, advice? But yeah, there's more than one way to progress in the ecosystem and sometimes that's where these blessings come from. I see June with your hand up. How are you doing? Go for it.

Speaker 1: 59:48

Hi, good evening. Hello Hi, thanks for bringing me up for my question. Actually, I'd like to know how does the pricing work?

Speaker 5: 1:00:16

I don't think I heard that. There's music going on in the background, sorry.

Speaker 2: 1:00:21

She was asking like basically, how does the pricing work on the user names? Is there a premium based on the letter, counter word count, just like there is in like. E&s. Yeah, yeah, yeah, yeah, thank you.

Speaker 5: 1:00:32

Yes, no, there is nothing like that.

Speaker 2: 1:00:36

Okay, and also to double up on that question can a person register more than one username?

Speaker 5: 1:00:44

Heck, yeah, I've got three. I know one guy got like 10 or 15 already. Basically, the way that we're doing it right now is because we're trying to drive the NFT cell for the ownership of the L1X app to share in the ownership of the L1X app fees generated. We are giving away those usernames and so the usernames will. We will have a marketplace where you can turn around and sell those usernames. So if you wanted to go out and grab some name brands, you're more than welcome to or grab names that you think people would definitely want in the future, because those will start becoming a pretty penny. For once, somebody wants to clean those.

Speaker 2: 1:01:30

All right, so there is a market for speculation. Go for Chris.

Speaker 3: 1:01:36

Yeah, you know I like the innovation. I want to consider some. I want to pig what you were saying, ihar, about web two domains, right, those with web two crypto domains and then the innovation that crypto not has so eloquently laid out. With regard to layer one, x, right, have you all considered, you know, because onboarding, converting individuals that are familiar with web two to web three, has been one of the major challenges, right, because, again, there's a mindset that comes with being an avid user of, or avid supporter of, web two. Have you all given consideration, or would you give consideration, I guess I should say, to having, like you have, a referral program, but for those who have web two platforms and web two domains that are crypto related, by the way, for them to go ahead and be incentivized to add a widget to, maybe, their crypto based web two platform, or for it to be paid to, like the landers, like in web two.

Speaker 3: 1:02:42

It's a horrendous situation with a lot of great names being attached to landers and right now I don't know if you're familiar with it, but there's a thing called PPC, so I'm not going to get too technical, but it's pay per click revenue and that was a really big thing for web two domains in the beginning and that revenue stream has slowed up for a lot of people. So what would you, what do you think about potentially opening up something where, if you have a web two crypto based domain, if you plug in a widget from layer one X, that there could be some type of incentive or referral fee, like an example, like we have main at blockchaincom. If we wanted to come to layer one X and say, hey, we want to plug in a widget to this domain rather than having it connected to a lender, would there be a program that you would consider instituting that will allow that to be possible?

Speaker 5: 1:03:33

Yeah, I mean, potentially that's what the widget is designed to do is is that anybody can go in, white label it and create it as their own for their own ecosystems? Yeah, I mean, that's definitely a possibility. Likewise, as I mentioned before, is if you just create a simple account on the layer one, l1x, appcom, you get a referral link that you can attach to you know a button on your guys's website as well. So that's another way that you can earn from it.

Speaker 2: 1:04:07

Hi everybody. Chris, you think that would be a little too weird for cryptoipcom. I would just be begging for the lawsuit.

Speaker 3: 1:04:16

No, I don't think so. I don't think so long as it's not because, well, two needs it. I'm gonna be honest with you. You know everything that crypto not has laid out. It's really, it's really innovative. You get people that may use like buzzwords, but no, this it works, it just works. So, no, definitely. If anything, that would be a name that I would use it for.

Speaker 2: 1:04:38

Now, that was just a joke. I probably would absolutely 100% get sued if I put a swap on cryptoipcom. It will definitely be related to IT technology and crypto and not to compete or confuse with cryptocom, but yes, I love that question. That is kind of pretty much the same question I was asking. I really do look forward to you guys really coming up with that kind of program, because in that case I'm sure there are plenty of people that we can connect you with on the web too side that definitely have portfolios of great names that could drive some good traffic and so, yeah, that could be a way to help adoption and growth as well. So, opportunities everywhere you guys.

Speaker 2: 1:05:18

For those of you who have been here for the entire AMA I think you guys are being here for those of you guys who are just now tapping in that's pretty much been the summary of the AMAs. There's a lot of opportunities for people to participate at every level, both at the consumer level, at the builder level, as well as, potentially, the referral level for technology that we've all been wishing for multi-chain, cross-chain interoperability, being able to take our assets and our identities and move them around this whole space of Web 3 without having to deal with those basically impossible to use and costly bridges. We are right at about an hour, which is kind of typically where we like to leave these baseless so people can consume them. I wanted to give you a chance to leave us with any closing outfit. Also, please let everyone know where they can get started with your. You know where they can get started interacting with Layer 1x? Yeah, for sure, thanks again for having me.

Speaker 5: 1:06:16

I appreciate it. I always love nerding out on this kind of stuff, that's for sure. So yeah, to get started with L1x. If you want to purchase the coin, if you want to basically invest in the future of the L1x app, the ecosystem, you're more than welcome to do that. Both of those can be done through L1xappcom. All you need to do is just connect your MetaMask and you're off to the races there. Pretty self-explanatory, it's almost like a almost very familiar to an operating system. You've got your little buttons down at the bottom. I encourage you to stake, swap and participate as much as you want. Likewise, if you have any questions, please jump into our Discord channel.

Speaker 5: 1:07:08

We have some of the best mods. I'm being biased here, but I feel like we have some of the best mods in the crypto space. For sure, they are very tech and forward-thinking mods, which is great. I think you got to have that in a crypto community. I hope that everybody listening today has had an eye-opener. I always tell people that it's not me or anyone on my team that's really going to make the next evolution move. We're just providing the gateway for doing that. Hopefully, somebody that's hearing my voice today has been sparked with motivation to bring the next use case to crypto. I think we've done quite well with the coins. I think we've proven the tech with that. I think that we've proven a few other things, but it's time to bring some new industries, new use cases into it. I feel like L1x is definitely going to be leading the charge on that. We encourage anyone who can hear my voice now to join us as well on this journey.

Speaker 2: 1:08:21

Yeah, I definitely want to thank you for coming on and sharing. As I said, a lot of people are going to listen back to this space. They have a lot of intellectual people in the community that just belong to you. They'll listen back to the space and they're going to realize that you've really laid out a pretty bullish roadmap. Your project is definitely one I know people are going to be interested in digging into. Again, just to remind everybody always do your own research, join their community, learn more from them. Yeah, looking forward to seeing what you guys continue to build and participating in the future. Like I said, I do have my username, so I am now a participant and owner.

Speaker 2: 1:09:03

I suppose in the revenue stream you will likely see the swap on our website, because we do believe that it is important to have an easy outlet again for people to be able to swap tokens. Again, we do these AMAs to introduce people to the tech that we feel is going to help grow the space. This is what you'll be using your digital identity to interact with. As always, as I stated at the beginning of the spaces, our spaces are recorded so you can listen back to this. This is your old leisure here on Twitter or in our contact archive at link3.po. Forward slash defi wallet. We will have this up, along with a blog post to accompany it, at iheartdomainscom about a day or so and on our podcast, which will be an every major podcast player, including Apple and Spotify.

Speaker 2: 1:09:52

Our next AMA is going to be on Wednesday with Collabland, and it is going to be a big one, so I invite all of you guys to join us for that one. And, yes, again, I thank you so very much, both Layer 1x team and Cody aka Crypto Knot, for you guys coming on and dropping all this alpha. Thank you for everybody coming on the stage and asking those amazing questions and, yeah, please join their groups. Ask the info If you like it. You got an opportunity to get on the alpha and in the platform early. We're about to roll into this bull market. This season is about opportunities, so, yeah, we're going to do our best to present to you as many as we can.

Speaker 2: 1:10:33

Thank you again If anybody has any last words? Go for Chris, go for Crypto Knot. Let's say our beast.

Speaker 5: 1:10:39

Thanks, thanks for having us. It was a lot of fun, so it was a great.

Speaker 2: 1:10:47

Well, yeah, and with that you guys enjoy your weekend and, yeah, I will see you guys on Wednesday. Have a blessed day and thank you again.