Discover the pulsating future of digital assets with us, as we navigate through the vibrant Web 3 Domains market alongside a chorus of expert voices. Unravel the mysteries of domain value, and learn how blockchain technology is revolutionizing the way we think about digital identity and property. From the gamified thrills of GBM Auctions to the rich potential of 'loan.ETH', we dissect the intricacies of a market at the cusp of evolution and primed to attract new investors.
Embark on a heartfelt odyssey from the confines of Web 2 frustrations to the liberating promise of decentralized Web 3 solutions. We tackle the legal tightropes and customer service hurdles that could make or break your domain investment journey. This conversation isn't just about market trends; it's a deep dive into the emotional landscapes carved by digital ownership and the broader implications for identity in an interoperable internet future.
As we wrap up, join us in pondering the exciting avenues where social media handles and blockchain ecosystems converge, reshaping user experience and technological adoption. We discuss the strategic importance of digital domains for businesses and individuals alike, and how Web3 is setting the stage for a more accessible, user-controlled online identity. Tune in and be part of a compelling narrative that examines how today's choices in domain ownership could echo into the future of our digital selves.
Discover the pulsating future of digital assets with us, as we navigate through the vibrant Web 3 Domains market alongside a chorus of expert voices. Unravel the mysteries of domain value, and learn how blockchain technology is revolutionizing the way we think about digital identity and property. From the gamified thrills of GBM Auctions to the rich potential of 'loan.ETH', we dissect the intricacies of a market at the cusp of evolution and primed to attract new investors.
Embark on a heartfelt odyssey from the confines of Web 2 frustrations to the liberating promise of decentralized Web 3 solutions. We tackle the legal tightropes and customer service hurdles that could make or break your domain investment journey. This conversation isn't just about market trends; it's a deep dive into the emotional landscapes carved by digital ownership and the broader implications for identity in an interoperable internet future.
As we wrap up, join us in pondering the exciting avenues where social media handles and blockchain ecosystems converge, reshaping user experience and technological adoption. We discuss the strategic importance of digital domains for businesses and individuals alike, and how Web3 is setting the stage for a more accessible, user-controlled online identity. Tune in and be part of a compelling narrative that examines how today's choices in domain ownership could echo into the future of our digital selves.
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Speaker 2:Hello, hello, we will get started in just a moment. If you guys could, please do me a favor. You're coming into the space and like and retweet. Yeah, also, if anybody wants to come up to speak, as always, please feel free to request your speaker roll. I will add you guys right on up. And yeah, how you doing today, chris.
Speaker 3:I'm doing good. How about yourself?
Speaker 2:I'm doing pretty good as well. It seems like by the time we get to this time of the day I've always had like a long day, but yeah, I've had a long day and still still a bunch left to go. But very positive, very busy time we're coming into.
Speaker 4:Yeah, absolutely. It seems like the days get shorter and shorter the more that you got to add to the schedule. But you know I'm not complaining.
Speaker 2:Yes, sir. Yes sir, I guess it's better to be busy than to be bored. How you doing today, graham? Oh, sorry for cutting you off there. Yeah, see, we've got Graham also on the stage. How you doing today, sir? I don't know if his mic is working yet, but as soon as it does, feel free to chime in. And yeah, we'll get started here in just a moment.
Speaker 2:I always like to give a little bit of time for people to come into the space Again. If you could all like and retweet the space, leave any questions that you have. We're going to go through a couple of things briefly. You know obviously made a little bit of an announcement earlier this week, so that's kind of the hot topic in my platform and space is directly related to it. So we're going to be a lot of repetition of information between now and kind of the end of the week. We've got an AMA with GBM coming up on Friday as well. But yeah, I wanted to go ahead and start kind of getting into it and, you know, take you down the path of how I think it can help benefit the space. Yep, looking forward to it.
Speaker 4:Yeah, the subject of the current market value of Web 3 Domains is definitely a good one to have right now. I think, with the lot that is going on right now and there's a lot of discussions about what names are worth and how to increase the value of them I think this type of discussion is necessary.
Speaker 2:Yes, sir, yes, sir, and hopefully it provides value again If anyone else wants to come up, if you have any questions about any of the things that we're going to be talking about, like I said, part of which is going to be the auction. So if you have any questions about that, it's a great time to ask them. And then, yeah, if you have anything to contribute as far as your own experiences and you know outlooks for the value of Web 3 Domains and that's the other thing too this is going to be specifically about Web 3 Domains, so we'll be talking only about those that exist in that space for this conversation. Do we've got Graham back? Do we got you on yet, sir?
Speaker 5:Yeah, I'm on, I'm on. Yeah, I think everything's working out too. But, yeah, great topic, I love it. I have been seeing a whole new meta Looks like. Seems like everywhere you look somebody's dropping a new domain service. I've seen Blast just drop one. So obviously you know things are he'd not be got mapped from unstoppable domains, kind of like having a conversation about tokens and versus coins versus points. I just got out of a space where that was the topic to would fidget on whatnot. So you can definitely see the meta and things starting to shift a little bit here as things mature.
Speaker 2:Yeah, there's definitely a lot going on as we're coming into this period that you know we're going to dub the bull market. It's really been like a technological bull market as well. I think a lot of that is going to add to the overall value of these right it is. They're not just things made, releases or things that now work better than they did before, and you know the mature audience that now will hopefully come into the space during this bull will see a whole different asset than we've been exposed to and you know, hopefully the premium center attached will reflect that.
Speaker 2:And yeah, with that being said, let's go ahead and get into it. Thank you guys once again for being here. I would like to welcome you all to another I Heart Domains Tech Talk, where we discuss news, innovations, education and alpha in the Web3 domain technology and digital identity space. As always, these tech talks are recorded so you can listen back to them here on Twitter, as well as in our content archive at IHeartDomainscom, where they're also accompanied with, like a blog recap and you can listen to the space that's embedded into each of those, the blog, what you call it snippets, whatever. When you go to each of the subjects, you'll see the embedded space there's. You can listen right on the website. Also, if you do have a favorite podcast player, like Apple or Spotify, we are also on all of those as well, so they'll be uploaded to there within the next 24 to 48 hours. And, yeah, like I said, you guys are coming in if you please like and retweet.
Speaker 2:I wanted to talk about a little bit of the opening news of the week before we get into the subject at hand, and I've actually pinned up at the top two of the things that I'm going to be talking about Obviously the biggest piece of news that launched kind of on behalf of my platform is our partnership with GBM Auctions.
Speaker 2:So since I, from the beginning of the time that I got into the space, I wanted to create a brokerage of some sort to help other people get value and create a market for the domain names, and I don't know, it's just kind of taking a while to find out the perfect way to do so and I think we've arrived at that point.
Speaker 2:So GBM, if you guys aren't familiar, is a blockchain based auction platform. Some of you have become familiar with them with the auction that unstoppable was running for some of their premium domains. But what they do is they run a gamified auction experience, meaning in traditional auctions there's really only one winner right, the person who bids. Well, two winners the person who sells their item and the person who bids the appropriate amount to win the item and the people who are bidding in between. You know, really don't leave away with anything Because this gamified auction process there are bounties that are given for people who participate in the bidding process. It starts off higher for the first person that puts the initial bid in. So you know, first to the race gets rewarded the most and then each subsequent bid then gets a bounty that's rewarded to them in the event that they lose the auction and obviously at the end of the auction, the same winner scenario exists.
Speaker 2:You know, everybody wins throughout the entire bidding process, with the reception of the bounties and then, at the end of the day, the person who wins the auction also wins, because that's what they were there to begin with. Therefore, in the first place, go for it, chris. So you got your answer? No?
Speaker 4:no, I was just going to ask in context, where you were talking about the winners and you were saying that in the beginning the person who was selling the item and then the person who wins, the item wins, but the auction house also wins too, because they're getting the fees and all their other stuff.
Speaker 2:Yeah, like I definitely can't leave out the odds, there are several winners in the auction. I do appreciate GBM's platform that they found a way to include more people in the winning process. But, yeah, that's one of the biggest differentiating factors with GBM and traditional auctions. The other thing is the fact that it is blockchain based. There were a few questions, I think, regarding how other auctions have worked or whether or not some of the other items have settled in the other auctions.
Speaker 2:That's one of the things that kind of removes or gets removed from the equation with a blockchain based auction. Obviously, the item itself that's being bid on is sitting in a smart contract. The bids themselves are settled instantaneously onto the blockchain. Once everything is complete, these things are settled via the blockchain, which kind of takes that winning game and all that kind of stuff out of the equation. Hopefully, this experience will change how a lot of people have had previous experience with auctions. I think. One of the complaints is I think one of them hasn't even settled yet, or maybe funds haven't been received. But yeah, that's one of the reasons for wanting to go this route with our auction and brokerage, so that things again are a little more trustless than we're going and partnering with the traditional auction house that go for a grant.
Speaker 5:Yeah. So just getting back to the topic again, the current value of these domains. And that's exactly it. There's going to be so many more business models that are brought to reality, even just to the concept floor, from the sandbox and just a blink of an eye, raising funds, and they're going to be rolling out all these different strategies. We're at a point in time where we're on that bleeding edge, we're on that cutting bleeding edge, and there's going to be a whole bunch of new business models out there. So trying to find the value of these domain names is, I pretty much think, we're almost moving into an area of price discovery, because the things that we're going to be able to do that you just mentioned.
Speaker 2:We're going to be able to do that. I'm not going to be able to hear anything from you. We are in a really interesting space right now. It's almost like I don't know. Can you hear me, or can anyone still hear Graham?
Speaker 4:No, I can hear you, but I can't hear Graham.
Speaker 2:Now, I was just seeing the thumbs down. I didn't know what they were referring to. Graham, if you could, please I don't know if you can hear me or not but if you could drop down and come back up, because I'm not able to hear anything that you're saying, All right, so I'll give you a chance to come back up. I don't know what I missed, as I was saying, the part of what you were saying that I was able to hear. Like I said, there's an interesting space. I think that we're in right now, like you were saying, in regards to price discovery. It's almost like we're trying to invite the sharks to the party and we've put the blood out there and we're waiting for them to come. They eventually will, as we continue to create these bridges and opportunities and as it becomes more obvious that there's economic opportunities for businesses and these sharks per se in the blockchain space. That's exactly what they're going to do. They're going to come here and build these tools that make it easier Not only for us to monetize and extract value out of our domains, but, like as you said, they're coming here to be winners as well. They're going to be creating platforms that are successful in doing so as well. We're at the point where we're able to purchase these things before that market comes, before those things happen. Even the premiums that some of us are paying for these domain names now at some point may be considered nothing compared to what they're attracting in the future. I don't think this value this is another thing I wanted to make clear too I don't think that this value necessarily is going to be compared in contrast or in comparison to the value and utility of Web 2 domain names, because it doesn't have to be. Don't estimate the value of a personal one and to buy something for a personal flex or for digital identity. I think that there is plenty of liquidity and plenty of people who will pay a lot of money just for that simple flex. There's luxury goods Rolex, watches, all of these things are all things that people purchase to represent their personal style, their identities, their accomplishments, their achievements and the market for digital identity, especially ones that people consider grills. I think we'll have a market in a value outside of and without having to be constantly compared to, the market for Web 2 domain names. Yeah and Graham, sorry for not being able to hear you. If you want to come back up, I would very much appreciate it. Also, open invitation for anybody else that wants to come back up. We're going to get into the meeting in this in just a little bit. I'm just touching right now on some of the announcements of the week. Right now we're going through the brokerage thing, One thing that I wanted to put out there as well, on the option thing, and first and foremost so I want to the response from everybody the DMs, the emails.
Speaker 2:It has been amazing. Thank you guys. There are some amazing names out there. You guys have some awesome portfolios.
Speaker 2:One of the biggest questions that is being asked, obviously, is how the selection process is going to work, and that's one of the things that I kind of wanted to clarify and it's something that I've sat and thought about for a while. So there's two things here at play, right. Well, one major thing at play to take into consideration the way that our current D app and option to set up is. I think I can have a maximum of 20 to 24 items, so already capped at an item rate right there. So for off the top, I can't accept everyone's names and I just wanted to put that out there because as a business, as a person's building community. You want to do your best to make everyone happy, but at some point again, we're going to have to implement some sort of selection process. So what will that selection process look like?
Speaker 2:I think most people are assuming that the selection process is going to be based on the names itself, and one of the things that I didn't want to do is contribute to the narrative that some names are more valuable than others, which is what every other platform does.
Speaker 2:Right, I am going to make the selection process based on the person rather than the name.
Speaker 2:So what that means said a couple key factors here A lot of you, a lot of the interactions that I've had, a lot of the submissions I had. I look very much forward to building relationships with some of the new whales that I've come in contact with. However, with that being said, my community has been around for about a year and two months and there are people who have been a part of, and have supported and been there every day, arriving from my community since its inception, and it is only fair that, in the selection process, I give the opportunity to some of those people first to submit some of those names to be a part of this initial inaugural auction before I go into the people who I'm building relationships with and the way that it will work is, once those people I've communicated with and have selected and established they can submit a name. You'll be able to submit whichever name you feel like you want to put in the auction. You pick which has value and let the market discover that. Go for it, Chris.
Speaker 4:Okay, so you know. So I have to ring the bell of satisfaction on the way that you're going about this, because I think that, like Graham said, we're entering into a season where there's going to be a lot of things that are launched right, but there are going to be a lot of bold processes that are going to be attached to these things that are launched, and so I'm glad that you are going through a breakdown of how you're going about selecting the names and not contributing to this narrative that's going to stagnate Web 3 and the blockchain's growth. That's really important. It's not a sexy part of the discussion, but every time that you really every time that you hear people talk about like Web 3 and the blockchain, they always speak about it from the angle of being a solution to what Web 2 has been right.
Speaker 4:So the goal should be to avoid a lot of those early missteps. And there's a lot of bias, there's a lot of tribalism. The people aren't really even involved in the Web 2 auctioning and sales process. So to hear that you're going to base it on the people and, in essence, reward them with a new opportunity because they've created the opportunity for the community to grow, it just makes sense, and I think that that's going to be a seed that is planted in everyone, that's listening's mind, and so if they go off and create something, they might choose to take a similar approach. So kudos to you for going that direction with it.
Speaker 2:Thank you and I really do hope. You know, obviously there's going to be some people who like what we do, Some people don't like what we do. There's going to be some trial and error, some hits and misses, but this is all part of growing and building together with this community, all of us together. You know from the inception, from the start, this is meant to be a community that thrives and succeeds together, that grows together, that helps discover these different tools to help build this space together. So you know, that's the best way I could figure out how to do my part. Go for it, Graham.
Speaker 5:Yeah, you know Peter Drucker, who's my mentor. He always says that in times of turbulence, it's not the turbulence that's the greatest danger. It's thinking with yesterday's knowledge. And so, just like you guys were saying, the fact that you went back to that sandbox and you just thought about what's the problem and you came up with a solution for it you didn't go back and just look at a cookie cutter, you actually sat down and found an action, and so I respect that. Thank you for bringing that forward.
Speaker 2:Thank you, sir, and you're one of those people who has also been there and provided a lot of guidance to me and a lot of insights in the community, so looking forward to helping, like I said, valuable community members and contributors in space, such as yourself. There's some of these assets out here and build this market. One of the other questions I wanted to answer too. On the flyer itself, people may have noticed the logos that I put down there. So you have the Ethereum logo and the Polygon logo. That represents that the currency that will be used for bidding and settlement and these options is going to be Polygon based Ethereum and, for obvious reasons, a lot of people are most people are already used to transacting with Ethereum, so it shouldn't be too much of a learning curve there. And then also for Polygon, because it's cheaper than using the Ethereum blockchain. All you have to do is unwrap it. It's a really easy process. The networks themselves so and this is just for anyone on the outside looking in that may be feeling like they're being excluded it's not on purpose the networks or the platforms themselves, which would be unstoppable. It is the Centraweb, the TLBs or SLDs that are minted on the Polygon network, and then FreeDame, the TLBs and SLDs that are minted on the Polygon network. I'm sure you guys can already see the theme.
Speaker 2:The reason why these initial network for children is because they all exist on Polygon, and the way the auction needs to work is that the assets that are being bid on need to match the network of the currency that are that is being used to bid on those assets.
Speaker 2:With that being said, though, I'm going to keep it like that just for these initial few options, because I want as little hiccups and headaches as humanly possible. But we will eventually extend or expand to other assets. I already have a way in mind to do that. We'll end up kind of creating a locker wallet and then duplicate assets and the Polygon network that will be bid on and figure out some kind of way that there will be a way it will happen. But it will expand to other assets, both on chain and off chain assets. I do want to start exploring the possibility of optioning, like I said, actual entire TLBs, intellectual property, things like that. Again, this auction is meant to help serve as a tool to build the entire space. There's a lot more to the space than just selling SLDs. Go for it, chris.
Speaker 4:Yeah and we spoke about this away from the space, opening up the door for third level and fourth level domains to be offered as well, because with price discovery comes utility discovery, it comes just a discovery of just a multitude of opportunities. So we want to be sure that we don't cap ourselves here by leading with this notion that the TLD is valuable because hey, I can't, wouldn't give you a TLD in the beginning and that SLDs are the thing to go to because that's just what everybody knows. But to discover new possibilities with different levels of naming, I think that that is going to make for an even more robust auction system, because eventually, once the auction system starts to crop up left and right and everybody selling SLDs, it's going to be a fight to distinguish oneself anyway. So why not just go ahead and get on top of it in the beginning? Yes, sir, yes sir.
Speaker 2:And GBM has been a solid and very helpful partner. As I said, for any of you guys that have any more questions and I'm sure there's going to be a lot feel free to continue to ask them and posting an AMA with them on Friday. So the CEO of GBM is going to come on and we're going to go through pretty much the entire mechanics of the platform itself how the fees settlement, all that good stuff works. So another great opportunity for those of you who want to learn about GBM not only our relationship with them, but obviously unstoppable is using them and stuff as well. So good idea to go learn as much as possible. So, yeah, and then the last thing, and so a lot of the promotion and so to kind of kind of wreak or wrap that up creating brokerage agreements, creating a marketing plan, all that good stuff. A lot of that is going to take place right after kind of the next little piece of news that I'm going to leave you guys with, to remind you with, which is going to be our NerdBurch initiative. That is happening next week during the Grammy weekend, and so, as I've explained before, this is going to be an amazing event to network with influencers, celebrity and media.
Speaker 2:For those of you who are not familiar with what Nerd Merch is, it's an initiative that I'm beginning and going to run with this year that connects fashion, digital identity and education via these networking and promotional events using our custom design nerd swag.
Speaker 2:That includes t-shirts, hoodies, totes and more. If you see any of these things that you like, consumers can also order this Nerd Merch at nerdmerchxyz, and each order will come with a code that's redeemable for a free Web3Domain name on thexchain ordefy wallet TLDs. So, yeah, it's an initiative to connect normal people with this nerd stuff that we call Web3Domains. And, yeah, you're going to be seeing a lot of promotional events, a lot of co-network and co-mailing. This particular one is being sponsored by Freename, so very happy to have them out there with me. I believe Eleanor from Freename is going to be out there with me as well and, yeah, there's going to be some connections that are made there and hopefully, again another initiative that we are using to try to bring more adoption to the space, and I like to listen to celebrities one day at a time.
Speaker 4:Yeah, that sounds like the way to go, because we have to bring in some unfamiliar faces. Those unfamiliar faces have to be willing to learn and they have to be authentic in their endorsement of Web3Domain. But I'm pretty sure that, you know, as long as there's people who are currently in the space that have the space's best interest, that are bringing them in, I'm pretty sure it is going to roll smoothly yeah.
Speaker 2:I really hope so. And you know technology sometimes, unless a person is already used to it and unless it's super shiny, it's hard to communicate the value. And so I thought fashion and being able to communicate some of it through just quirky sayings or cool sayings that people can easily identify with I think it's a good start Also, and not to just shield the accomplishments that they're doing. But Freename just rolled out a campaign of a tyrant Woodley and we'll see how good that does too. But I think it would be ideal, and it will become a point where more celebrities and more influence become genuinely educated about Web3ID and are able to communicate it effectively. But even if they can't, at least they get a small spotlight on it so that those of us that are here that can catch them with our fishing hook can do the rest of the job and do that education for them. Doing the best I can with what we got until the world becomes a place we want it to be. You feel me no?
Speaker 4:no, I agree with you. I think that you know, creating value and conveying value are two different things, right, there are some people who are good at creating value and discovering it, but they're not good at articulating that that value exists. And I think that that's the season, you know, because up until now, there has been this focus on community and education, right, and you've noticed that in a lot of the previous spaces, I talk about the fact that education is an art in itself. To be able to educate, like, if you really want to know how to proceed with educating people, one of the best things you can do is go talk to teachers, right, because teachers know, you know, the quality teachers, to be clear. They know how to create a lesson plan that resonates with the students, and they take into consideration the fact that there's a level of grace that has to be shown when you're working with individuals who are not privy to what it is that you're offering, right? And then there is this other part, like you talked about with technology, it's always been like this mist over it, right, it's like you can use technology, you can talk about it, but you really don't understand it, and that's the hurdle that a lot of everyday people are going to need to be assisted with getting over, and then some people are just going to have to be pushed over it because, with this digital identity space that we're in, this is not optional, right, and we know that it's not optional. We know that this is a part of how the future is going to work and we know that we're not going to be able to help everybody. Some people are going to learn the hard way that they need to be in control of their digital identity and all of the other stuff, but there's a vast majority of individuals that we're positioned to assist and help them. See that, listen, this is a part of the future. This is not optional. This is not like you can choose whether or not you get this phone with this much to word. You're this phone with no like. You need to have your name and it's going to be your access pass to a multitude of things. Right, and our ability to be able to, you know, give people that runway into Web three.
Speaker 4:I think that is something that shouldn't be taken lightly and we shouldn't leave it solely to the celebrities Like they play a part to bring the spotlight on the space, but we're in the space. We're here actively. We know the hurdles. We know that gas fees are a headache, right. If you tell most people who are not in the space about gas fees, they're going to think that you're talking about petrol for your regular car. Right, they're not going to block change Gas. What are you talking about? And we understand it. And I think that some of the greatest leaders and influencers are right here within these communities that we had a privilege of connecting with every day. So you know, I'm looking at a lot of them, right here, I look at the motor cars.
Speaker 4:I'm like you know, looking at Graham, looking at Uncle Nate. You know, anna, there's a lot of folks in this space that have deeply invested into the future of Web three. So I think that it's great that we're here to discuss, you know, the current market value of the names, because nobody outside of this space could really have that discussion if they haven't been in the trenches to know you know what factors to weigh in.
Speaker 2:Absolutely.
Speaker 2:I 100% agree with that which is why a large part of my campaign is going to be driving those individuals back towards these communities that provide that real education, that give people a true understanding of the value that you receive, because, you're right, this is going to be difficult to communicate and some people are going to attach to this, like I said, from different perspectives. Some will want it just because it's a flex and just because you know their favorite celebrity has one too. Some will attach to the gamer tag aspect of it. Basically, everyone who comes into the space will need a community that supports the reason why they came into the space and why they wanted the name, and so that's a big part of the Nerd Merchant mission is to be one of those beacons, of course, as I am as a platform to guide those people to those different communities, so that we can get real and actual adoption and not to kind of like toot my own horn on my background, though, but it is something like you were saying Getting celebrities to understand what this is and to actually be genuine and using it and promoting it again.
Speaker 2:It's going to be a struggle. A lot of them don't understand it, even the ones that are currently promoting it, and hopefully that'll change. I have the privilege of being able to talk to a lot of people that, quite frankly, most of these platforms would wish would rock one of their dot eats or dot extra, dot anything, and when I talk to them about this, they look at me like I'm an alien. They don't understand it yet. So we have a lot more work to do to make this absorbable for the general public and making it easier with clothes. Go for it, nate.
Speaker 7:Hey, thanks for having me up. Yeah, no, I was just to that. I was going to say that we also have to balance that against what happened in the recent cycle with folks like Tom Brady and Kim Kardashian. So there were a fair amount of celebrities who got into the space through NFTs and other tokens and things like that. So I would have to imagine that during this cycle that's going to make some people way more cautious. So the good news is that the space is matured.
Speaker 7:The asset class is matured. Domain names are relatively mature to begin with. So in as much as you have to mitigate this blockchain association or Bitcoin association or token association, I think, with bringing new celebrities into the space, you might have some friction there, but it's an opportunity to educate right.
Speaker 2:Yeah, and that's always going to be at least the focus of my outreach it's going to be education first, not only with them, but when onboarding them and encouraging them to onboard other people leading with the same thing. Henceforth, the nerd merch name I want people to know that the nerd is definitely prevalent in the message that I'm putting out there and that being a nerd is cool. And yeah, without further ado, let's kind of roll into the main topic Again, as you guys are coming to the space. Thank you, guys for attending our I Heart Domains Tech Talk. Please like and retweet if you haven't already done so. If you have anything that you want to leave in the comments, please do so and show some love. And also, if you have any questions, feel free to request a speaker roll.
Speaker 2:As you can see at the top, our topic is the current market value of Web3Domain, so we've already touched on it a little bit. It is probably the number one question and the most frustrating or most rewarding part of Web3Domain investing for a lot of people. Oftentimes people, after you buy this thing, you're trying to figure out what you can sell it for, how much it's worth and where you can sell it. Oftentimes, that is then followed down the line with questions like why hasn't it sold yet? Or why did this other name that's worse than my name sell quickly or for more money, while buying has no offers, and really there's two sides to this, and I want to talk about both of those sides the optimistic side and reality.
Speaker 2:Not everything is what it seems, but we are early and I think we can all agree that our current market is a fraction of what it will be. One of the things that I don't want to do, because we can sit really sit here all day combing through past sales and speculating. I don't want to focus heavily on monster sales of the past because, quite frankly, I'm not sure how many of them were even real. I think I've been pretty vocal about that. Rather, I want to take a look at some of the more current sales, like literally from the past 30 days, from three of the top platforms. As far as SODs, go and discuss why the value is where it is and speculate on where the room for growth is. Go for it, chris, before we get into it.
Speaker 4:No, I was getting ready to answer the question in terms of what they're worth, to kind of set us on that path of having a great conversation. Let's leave with this that every name is worth nothing, but then every name is worth everything, and with that you find your place in the middle, so anyone who knows who gets what it is that I was saying. With that, I think this conversation is going to summarize into that being the case, so let's dive in.
Speaker 2:Yeah, that actually is good wise words. To start with, one of the most, I think, repetitive or common phrases that I hear, even from Web 2 domain investors, is the values in building. So what that means is that, at the end of the day, it really doesn't matter what the name is. If you build something valuable on it, that's where the value will come from. However, from a purely speculative market, if you're just going on here and buying words because they look cool and then trying to flip them to somebody else because you want them to hope that it looks cool as well, there are some trends that are out there, there are some numbers that we can look at and there are some reality checks that I wanted to put into perspective so that people can understand what the market looks like currently. Again and this relates also, obviously, to the auction for wanting to use tools like this for price discovery and things like that Because, yeah, I think that we have an expectation sometimes for what these names are worth, especially considering that we're co-mailing a lot with the Web 2 domain space we're hearing those numbers, but it's not reality. So let's go into these top three platforms For SLD. So, for the sake of this conversation, the top three platform. I'll just put it out there. I chose ENS, unstoppable and Sats Demains. These are three platforms that sell SLDs that I think have the most liquidity and independent communities in the space, so that's why I chose them. If you belong to a community that has domain names that you think are awesome and better than these, I didn't exclude you on purpose. It's just simple to have this discussion based on these because there's actual data that I can look up to to sustain sheet what I'm about to say.
Speaker 2:So, with that being said, looking at ENS first and again, I looked back at 30 days worth of sales, and this I took from ENS Vision. There was a couple sales on there that I'm just not going to mention because I don't think they were real. I think one of them was three digit or three letter, and then ETH for 420 ETH. Maybe it was real, maybe it wasn't. I'm just going to talk about that one. The one that looked like it was real, though, current 30 day high for a name was SkyETH for 9.99 ETH, and that's roughly what $22,000, $23,000 right now, and so normal word, a three digit, which is the lowest digit count that you can get for an ENS domain. So consider it a premium Very easy to understand English word 9.99 ETH is the current high in the market for that domain. I think there was another one below that. That was about the same.
Speaker 2:But yeah, so as far as representation for where I think the market is for ENS names, I'm seeing right about there and there's a couple factors that kind of go along with that to solidify that. I think that's where the market value is. The first one is that you know, let's talk about some of the hot movers. The obvious hot mover in the ENS domain space, the domain that have the most liquidity, are going to be digits, specifically the three digit category. So your three digit category has pretty consistent liquidity and most of those offers that are being accepted are right about the six or seven ETH mark, five ETH mark, which tells me if the most liquid categories trading below that 9.99, then likely that 9.99 is a premium ceiling right now. Otherwise we'd be seeing a lot of sales legitimate sales being pushed beyond that. So I think it's safe to say that that might be where the market is right now for those premium domain names.
Speaker 2:Also, another thing to consider is loan dot ETH right, they've been campaigning that name. They have people, specifically one person in mind that would probably be the perfect recipient and custodian of identity for that name. It's listed at 100 ETH and it's not moving, and the current high offer for it is 10 ETH, representing again that being what I think is the current market value for regular, legible English word premium domain names in the ENS market. It's not to say that there are some names that are moving for more than that, but the current market for those names, I think, is sitting right about there. I'm going to give it a chance to anybody in the panel if you guys have any opinion or any different outlook. But yeah, that's what I'm seeing numbers wise.
Speaker 4:Yeah, yeah, you know, actually I'm glad that you made that comparison there and I want everyone to focus too on. You have current market and then there's this other variable, which is the current owner. A lot of people don't realize that in this web three space there are going to be a lot of names that do not move, not because they're not great names, but because of who's holding them and the fact that there are so many options in web three. Right. So if you have a great name, like case in point, if we're going to touch on loan dot ETH, right, the buyer for loan dot ETH is going to be more of a formal buyer, right, they're not going to be the DJ and the going all in. They're not going to be that type of person, right? And I'm not saying that, the holder of the name, because I think it's Bloom who has that name. Is that correct? Yes, sir, okay. So this is not blown. Bloom doesn't seem to carry himself this way, but just hypothetically say that it's a name that's the equivalent of loan dot ETH. A more formal buyer would undoubtedly be the perfect recipient for that name, but the holder of the name is just as as Digen as you can get right. That's going to weigh on the potential of the name to move right, or at least be able to move at the price that the seller might want to get for it, or the potential that, the potential price that it might be able to move at.
Speaker 4:There's a saying that my mother, you know, led with throughout my entire life that bad associations for useful habits. So the thing is is that if a lot of these names are associated with individuals that you probably don't, they're not, they're not the people who have the greatest reputation or that they have. They haven't been marketed. Marketing the name Ideally. I think that it's going to bring the value of it down. This is no different if you buy a house and the house had flooding or there was a crime that you happened in the house. The house can still move, but the fact that those things happened in the house are going to affect the value of it. So I think it's going to be the same way, or something similar, with these names.
Speaker 2:I agree. I also do want to clarify that Bloom is an awesome person, so I know that this was not the reference to him and his association with lovee. Absolutely Put that out there, go for it. Hope you like it.
Speaker 7:So you hear me. Yes, sir, oh, okay, cool, so, yeah, so I mean. But the way I look at it is why the hell would I spend 100 ETH on loan ETH if I own loancom? And I could spend half of that and import loancom into the same naming system and instantiate names Web 3 names on top of it, right, I could do that for less than what it would cost, right, to probably buy loan ETH. So from my perspective and you know that I'm a maxi on importing ICANN DNS names into ENS and minting names on those namespaces for a lot of reasons, but that's what I would say to my head goes like why would I spend all that money to buy that domain if I own the domain? Maybe? If I don't own the domain, okay. But at the same time, you know, if it becomes difficult to tie loan ETH to the rest of the Web that we're trying to invite in and onboard and make this stuff available to, then you know that's a factor to me.
Speaker 4:No no, you're absolutely oh, oh, no, go ahead.
Speaker 2:What I was going to say is you make probably the biggest point ever and a lot of people are going to come up there. Crossroads. However and this is kind of what I was trying to say earlier is I don't necessarily know that the person who owns loancom necessarily has to be the ideal or target customer for loan ETH, and I'm saying that to say this because obviously, the person who owns loancom is wanting to use it in the same way that they would use loancom, which is drive traffic to it, et cetera, all the things that you know. A lot of our Web three domain names may not be able to do as effectively as Web. Two domain names right, but going back to that flex thing right, 100%. A entity like Teller for the digital identity perspective, seeing that they offer loans based on assets that are sitting on ETH, I think it does carry some weight and some value to an entity like that that could use it in that type of application.
Speaker 7:My developer that I work with here in Portland was basically their CTO during their growth period and you know we've had a lot of the same conversations. Right, he's been in the Web three name space business for a long time. He was also the producer for the ghetto boys in the 90s in Houston, so he's got a lot of range and he gets a lot of aspects of the business that we're always talking about around this stuff. But I mean to the point that it's a flex. I don't think it's a flex if Cokecom, like Coke's, never going to sell Cokecom, right, it's an asset that they have that people trust, that people know. And for Coke to transform Cokecom into a Web three name space and allow people to instantiate names and tokenize their namespace in a way, uncle NateCokecom is an NFT or Uncle NateMembersCokecom is an NFT, that's priceless. So that's what I'm saying.
Speaker 7:Loancom, whoever owns it or runs it, if you or I approach them and say, hey, whoever owns it, I think you're saying Bloom owns Loan Eat. If I were Bloom and I don't know if Bloom's on right now, I'm kind of walking so I'm not paying attention, but that would be I would approach Loancom for sure because of that fact. I mean, maybe I'm not going to get 100 ETH for it, but maybe there's 100 ETH in a project to help them turn Loan Eat and Loancom into a unified thing in some way that makes sense, benefiting it in the. So I mean, whatever you've got in your portfolio, I've got.
Speaker 7:I've had some names in my portfolio where I've thought about doing stuff like that in the past Ignitegovernmentcom right, that's a pretty good one. I can imagine any large enterprise. But if I had Ignitegovernment Eat and I know someone's going to go buy it right now, if they haven't, I'm not. You know, this is in my strategy with that name because it's actually a save for someone. But I mean, you get my point right. Like waiting for people to come by and buy these names to me, you know, being active and educating the brand, educating the owner. Yeah, they might not be able to figure it out on their own, but I wouldn't necessarily assume that either, right, yeah?
Speaker 2:I'm going to go for it.
Speaker 4:No, no, no, I was just getting ready to say, in order to go ahead and, you know, increase the value of any Web three name, I think that you're going to have to build it in tandem, build it out in tandem with the product, the service and or a narrative, right the thing with the loaneat, right, you know, because Bloom's getting on type of promotion right now, but hey, like you said, he's a great guy. So, commission, I accept, commission, that it sells in the next 24 hours.
Speaker 4:You know stakes with loaneat. I'm going to be honest with you. This is the. This is the vision that I see when I, when I hear loaneat, I think building out an innovative platform or innovative loan solution right, and attaching it to loaneat right. And then what happens is you have two things the value of the name inherently increases, right, because it's attached with something that can be proven, something that's innovative, and then all of that other great stuff. However, if you're going to target, say, the owner of loancom who's technically not an owner but a renter, but that's a whole other story If you approach them and you say, hey, we have loaneat, but it's not just the name.
Speaker 4:Loaneat is a representation of this new platform, this new loan system that's attached to the blockchain, decentralization, and you have this whole breakdown of how their business can benefit from this, because the sustainable businesses are meant to scale continuously, right, and so the thing is is that what the blockchain provides is an opportunity for businesses to cut down on their overheads, become more efficient and then, on top of that, scale in a way that they never thought was possible, right? However, many of them are stuck at that cross-role because many of them are playing it safe, right. A lot of the bigger companies they play it safe. They're heavily invested in their systems and that's why it takes so long for them to go ahead and adopt things.
Speaker 4:But when something is enticing to a big company, right, and it's explained in a way that they can go ahead and digest and the seller is patient enough to go through that process of explaining it to them and making them comfortable, the payoff can be tremendous. So when you look at a name like loaneath, it's fine to look at it and say, oh, my goodness, it's loaneath. It's valuable because look, there's loancom and look at what they do. But, believe it or not, loaneath is its own behemoth in and of its own right right. And I think that it kind of does a disservice to the name itself if we say that loaneath is valuable solely because of loancom right.
Speaker 8:That's what I'm asking.
Speaker 4:Yeah, that right there and I'll wrap up here. That's the problem. I think that we want to avoid bringing a lot of the web to thinking into web three, because if we're going to say that loaneath is valuable because of loancom, it's only right that we say that it's valuable because of loannet and loanorg and all of those others. And I get that a lot of people won't see it through that particular lens. But if we're not going to look at it through that lens, then we might as well not just say that loaneath is valuable because of loancom. Loaneath is valuable because of what can be attached to it and the infinite possibilities that come with it, because it is on the blockchain.
Speaker 2:Yeah, so before we get to you, uncle Nate, what you said was perfect there, and I also wanted to reference back to kind of the example that Uncle Nate was using about Cokecom and Cokeeath.
Speaker 2:So that's where I think one of the biggest differentiating factors is with something like a loaneath and a Coke is the fact that Coke would have to be the end recipient of a Cokeeath and you would have to depend on Coke to create a narrative and build on it and drive a consumer base to it because it's their name right.
Speaker 2:There is only one customer for that. However, as you said, not just as loancom doesn't necessarily give value, or the fact that loancom exists doesn't give value solely to the loaneath, it's also not the only target recipient of the name as well, loancom does not have to be the entity that builds out, creates a narrative to or drives a consumer base to loaneath. It could be literally anyone that is in that same industry, and that's the thing too. The person who currently owns Cokeeath can't be Cokecom At some point. That name is worthless if they can't get it in the hands of that entity. However, the person who owns loaneath also cannot be loancom, but they can still be loaneath and build a behemoth of business on that, and so that would be the why a person would pay a huge premium for that, even though loancom exists, because it may be two different people who end up having those assets.
Speaker 7:When I've made the point before with ish, certainly in talking about the advent of AI and lapel worn camera, forward facing devices where dotted domain names are going to disappear because we don't address each other or things in our lives, is dot anything? So really, in this argument or this discussion, dot loan are the people who make out Loancom. Sure, I agree that there's other ICANN TLDs, but of course, if we fall back to our sort of dot com behaviors, of course it in and of itself has value, but then loancom is an established brand and, I'm assuming, a place where people go and got loans and have commercial relationships. That domain has value built in right and trust really is what I'm talking about. There's the values in the trust. That's one of the things that Web 3 Domains makes so special is that we can atomize that trust that before we could only engender in the owner of the primary domain, cokecom, loancom right. That entity has gone and gotten SSL certificates that prove who they are so that when we do commercial transactions we know we're not logging into a spoof site or whatever. We have all that infrastructure set up.
Speaker 7:So I don't know that you can throw the baby out with the bathwater by saying that Web 2 or Web 3, thinking, you know, separating them, because DNS, I always say, is not Web 2, it's just it's infrastructure, right? Though DNS names and ICANN names are often referred to as Web 2 names, don't forget that all of everyone's Web 3 names still rely on DNS, right? They wouldn't exist without DNS. So in thinking about how all this stuff is layered and I know we're having a technical discussion not to get too deep, right, you know how it's layered and how trust and semantics line up in the mind of the user and in how we wind up behaving based on that whole system of trust, right? I mean, it's like a huge, huge animal and we're going through so much transformation right now. It's really interesting to see. These things that we're talking about are super interesting in the sense that there's probably undiscovered strategies and approaches to building value or selling or offering, right? So I'm not laying the plane here, but I'm really having fun.
Speaker 4:No, no, no, you so. So this is the thing. So you, you just made a solid point about you know the web 2, web 3 debate and if we look at it from a technical standpoint, you know everything is tied in together and that. 100% accurate, however, is this other part, which is the fact that when you think about alonecom or you think about a copecom and you have that com on there which is commercial right, the internet, the web space, I think. When I think about web 2, I think about it from the standpoint of an internet that served and appeal to businesses and not people, right. So when I think about anything, any type of a naming that comes after that, that's a part of this, this web 3 dynamic. I think of names that appeal to the people, right.
Speaker 4:When you think about a copee, I think when, when people see letters like and this is, this is, I think it's, it benefits big brands, but then I think that it hurts the end user and it hurts individuals who can't escape that thinking. Because when you look at coke, I don't see coke just from the standpoint of the brand. When I see coke and I see C O, k, e, I see four letters before anything right, and when I see letters, I think acronym before I think brand. So I you know, and this is just my thinking and this many of our thinking in here, and I know that the masses don't look at it this way, but I think, as they start to come into this new chapter of digital identity, I think many people are. So you know, when you think about a coke that you, you can have a person and I know this might seem like super far-fetched but say you have a cat lover, right, and that cat lover really, really loves cats but doesn't like kittens they can decide, say you know what I'm gonna get coke that, because for me, coke means cats over kittens every day type thing.
Speaker 4:Right, and as preposterous as that might seem, the reality of it is that if you get someone like that that comes into the space and they have the revenue to spend right, or they have the funds to spend and they have the conviction to buy that name, then the moment that they sit there and they buy a coke that eat, the seller is gonna sell it to him because, believe it or not, you don't really know if it's coke buying it from anyway. So you're gonna go here, you're gonna sell the name, but when you find out that the name is attached to some cat like I, think that we're all gonna take it back because we're gonna let somebody bought coke that eat the user in association with something that's not sold or drink based. So it's definitely a possibility.
Speaker 2:Yeah, and I just want to clarify before you go forward. I'll relate for those listening that the case for whether or for who is the custodian of the word coke and a lot of other brand names, that I think it's already been legally settled. But your point does apply to a lot of things. But in the case of coke that's kind of an easy one to determine who has to be the recipient of that name.
Speaker 7:And I guess my final point on this was gonna be that cokeeat or loaneat under the current governance will never, ever be bare domains you can put into a web browser that'll go to a website without having another dot on the end of the eat or some kind of hack in the browser.
Speaker 2:so I'm gonna say yeah, I don't know, that's a maybe. I see the pages appear on stage as well. Before we kind of dive a little further to this, I want to give you a chance to speak and welcome you to the stage.
Speaker 6:Well, great room, love what you guys are talking about. It's just fantastic just to just to sit down and just be in the meat of web 2, web 3, web 0, dns, just love it, you know I mean so great room. Nate, I heard you say that web 3 domains couldn't exist without web 2 or DNS, and I don't want to put words in your mouth, so if I missed it, Well, what I said was not that it was your last statement, which is these are never gonna resolve, except for the third level.
Speaker 6:but before I make a comment, was that about what you thought?
Speaker 7:Yeah, no, not that web 2, so much as that. I mean my, my, my firm conviction is that DNS is infrastructure. It's not web 2, it's not web 3, it's not anything, it's, it's fricking infrastructure, right, so yeah, and that and that everything web 3 still relies on DNS. Ultimately, and there is a relationship, you know the the internet, from a technical perspective, was designed with a layered model that was based on the layered model of how the infrastructure pieces underneath were defined and work together. An interface like ethernet not internet, but ethernet, which is a standard right or token ring or these physical infrastructure.
Speaker 6:I'm gonna say I totally agree with you, because it was only when I can got involved and the US government tried to put their arms around future governance that we got a lot of a siloing of what you're exactly talking about, which is technology. You know, and I had an internet society guy asked me a great question at ICANN, washington DC last year. Most people just wanted to blow off web 3. You can't exist, you have no right to exist. You're terrible, you know. And he just looked at me and said how does what you're doing affect the DNS? Not ICANN, not Verisign? You know, I mean and and I just took that statement as as that's what's important, right, you know, I mean is is go back to the raw technology.
Speaker 6:So I am a believer that web 3 is connected to web 0. You know, web 2 was just social media and rounded corners, but we're using that name to say traditional. But I agree with you, it's traditional. So I love that, because I'm also using a word now called digital, non-internet. I love that the whole NFT crypto thing happened without Google, without, you know, without a monopoly player, without Apple. You know that was a decentralized, crazy run, you know, for elect, for digital products that didn't involve the existing silo owners, and and I think that that's where something about this web 3 is going to be, and and it's I don't have to know right now.
Speaker 4:So I love that one go for Chris you know what good to see page or good to hear. You know, uncle Nate said something, so he talked about how, and we're just using coke as an example for disclaimer. This is not about coke, right? This is just happens to be the dating that we're focused on. The thing is, with coke that you know, uncle Nate said that coke that he wouldn't be able to exist and resolve and things of that nature, but not not within the context of it just being, you know, free flow and being usable, right? So I just went, I went to Namecheap and I typed in coke, right, and when I typed in coke, a list of available names came up and my screenshot and put it in the comments. Right, the reason I did that is someone can go right now and they can register coke, that something else, and as long as whatever it is that they're doing is not in alignment or they're not passing themselves off as being associated with drinks, coke, the brand or anything of that nature, they have really full steam ahead to do what it is that they're going to do. I think that in web 3, as long as individuals don't come into this space with the focus of I'm going to buy a coke that because of my knowledge that there's someone who has coke that Tom, I think, as long as folks don't do that and we know that there have been some people that have. So we're not going to play naive here. There have been some people who have done that and for those who have done that and they're they're purposely looking to infringe upon trademarks and things of that nature they have to deal with the consequences of that. But there are going to be a group of people more, more more than those individuals that are trying to do something malicious. There's going to be a group of people who are just looking to create brand new narratives and they just happen to use names that use the same letters as maybe another company might use. But the extension is the differentiator right, the extension and the narrative that they build around it.
Speaker 4:I would not advise anyone who has coke that he to build, you know, a platform that has to do with drinks or anything of that nature. I wouldn't advise that right, not because they couldn't do it in some clever, unique way, but because you just want to avoid the headaches where possible. But I also wouldn't tell someone who wants to create a totally unrelated endeavor and they want to use coke that he no, don't use it because you know, you know coke over there. That deals with something totally different than what you're doing. They have this name and we should. You know they have the holy grail of the name and nothing else can be registered.
Speaker 4:We don't want to facilitate that because I think that if we facilitate that type of dynamic, then we are going to place an inevitable cap on domain value and digital identity value in general. We don't want to do that. We want to promote responsible registration, responsible use, responsible narrative building and then I think within that we'll go ahead and exceed the value ideas that we have in mind right now yeah, you, you, you make it amazing point.
Speaker 2:It is a great point, and the only reason why I was I was making that reference or or or kind of steering it in the direction that I'm steering.
Speaker 2:It is just because of the nature of the space itself.
Speaker 2:There are certainly going to be people who have business ideas, personal goals, fan clubs, things like that to relate to existing brands or trademarks that we think that these names should go to, but there there's not malicious intent behind the ownership of the name by of the person who acquired it outside of that brand, and it could very well exist.
Speaker 2:I think that most of those acquisitions, however, are going to be things that are hand registered and going to be on TLD's there where that identity or that that property can be acquired for cheap. In reference to the kind of where the direction where we're going here, which is more focused on resale value of the name that you may hold, I think to get maximum resale value for a coke dot eath, it most certainly would probably only have a market with someone who is directly related in the sale of coke or coke itself to justify the premium that you would likely attach to that, that particular name, on a secondary market. If you got something that sounds cool and the coke serves as an acronym or works well and you find it as a as a fresh registration for 14 or $15, yeah, you probably pick that up all day. I don't think that same person that loves cats over kittens would spend 500 grand for coke dot eath, though you'd be surprised what some people spend some money on nowadays.
Speaker 4:I know I get exactly where you coming from. I think that in web three, we just got to keep in mind that with this blockchain, we're going to get some very, very, very, very massive ideas that come into this space, and I think that there's going to be a lot of people that enter into web three and they're going to rewrite history, and rewriting history is changing names, it means toppling statues, it means doing all of those things right and even in the process. If we can't move with this idea that what existed before us needs to dictate how we proceed forward, as long as we acknowledge where we came from and it sets the precedence for how we proceed, mindfully moving forward, I think and nobody's doing anything from a malicious standpoint I think that we should have the room to resculpt this idea of what this means, because that's the reason that web two works the way that it works, because everything is so siloed, right and that's why it's so stagnant. That's the one of the reasons that this web three naming space exists, because it hasn't catered to the people. There are billions of people in the world, but on the web two side there's a handful of entities that are getting all of this attention, all of this respect, so to speak, of they're getting all of this, but we're with.
Speaker 4:The masses are coming in, like our children are coming in. So if they come up with something that is going to be the next big thing and it happens to use the name that in our day was associated with a particular company or something like that, then our responsibility is to make sure that our children understand what came before them. They understand how they should proceed, as to not step on toes, and they should be reminded that, hey, we live in this world where people go ahead and they grovel to individuals who came before them unnecessarily. You don't have to do that, but be prepared to go to war if you have to, over this day, but that's perfect way of putting that.
Speaker 6:I love your inputs, sir. That is awesome because I love your word re-sculpt. This is Paige, and I was trying to think of a way to say that we should force the old entities to re-prove, like you say, the silos that they've created, you know. I mean because they've gotten soft right, because they've got their little monopolies and they've got their little rulings, you know, and they've got their little intellectual property protections. And you said it perfectly. That's why I love this room is because there's a balance here that says I'm not saying go get trademarks. Marcus is saying, even if you do, if a domain only has one customer, it's not worth anything, and at the same point say for me, paige, there's a Paige corp out there, that's a telecommunications company worth 16 billion dollars. Well, I still want to be Paige construction company or something, and I should have that right. As you say, to re-sculpt, re-visit the power structure.
Speaker 6:And then the hammer, as you correctly mentioned, is before WIPO, and WIPO is a thing in the web 2 domain world where all you can do is lose the name. So people rationalize I'm going to buy a trademark name. Worse comes to worse, it'll get taken away from me, no big deal. But before WIPO, which is where we are in web 3. You're just in a world of cease and desist 50,000 per occurrence, heavy penalties, personal liability and your behavior, you know, can get you into trouble after the fact.
Speaker 6:It's not like you can when you get a cease and desist letter. If you never got one, just Google one on name pros just to read it and tell yourself do I want to have my day wrecked by getting this letter, whether I think that I've, I've got them beat and they can't find me because I'm a Philippines corporation after operating at a Latvia or something. But it wrecks your day when you get something like that. So no doubt you shouldn't, you know, go with the trademarks. And then I love the fact that we're going to re-sculpt I'm going to keep using that word the power structures you know, and and that means the old players either need to re-prove why they were given power in the first place, or new people. So you know, couldn't have said it better re-sculpt, that's my word for the day.
Speaker 4:No, and if I may just add in this bit here, you know I love the fact that page said re-prove, like you have to prove that you should get the same status that you benefited from having all of this time, right. This is not to discredit the work that has been done. This is not to discredit intellectual property that's not what this is but it's to say let's back, let's zoom out and be realistic here. There are names that you can own in web 3 and on the blockchain, right. Once people get these names in their wallets, it's an uphill battle for anyone who wants to go ahead and stop anything from being built atop those names, especially when it comes to TLDs, right. So these companies that have gotten all of this extra grace and consideration in the previous iteration of business in the web, they have a duty not only to the next phase of the internet, they have a duty to their companies, their shareholders, their, their employees. If they plan to be around in the future. They have a responsibility to say you know what? Let's not sit on our high horses and act like everything that we're doing is the only thing that exists. Let's go ahead and look ahead right before thinking and consider where all of this is going and make or take the proactive steps to say you know what, if we want to go ahead and we want to have anything that resembles the status that we have in this iteration of the web, we need to consciously take the steps that we need to to secure the names in the next phase of the internet. Right, and believe it or not, there's, you know, there they'll. They'll have to be some some heels and valleys that they travel in order to collect all names. Right, but they'll be able to do it.
Speaker 4:But just to sit there and say, oh, because they exist and and and they're not doing anything, not paying attention to web three or anything in that nature, we're going to tell the people that we're looking to bring on to get them to let them know that, hey, there's more equity in this next chapter of the internet. We're going to tell them, hey, you can come in and you can do whatever you want. But I think that that would be the worst, worst way to approach it. So I think everybody just has a responsibility to come in, whether you were a big player yesterday or you're going to be a big player tomorrow. You just have to, you have to be present and you have to understand that the rules are evolving right. It doesn't mean that lawlessness in place. Lawlessness is in place. It doesn't mean that it just means that, listen, today's, yesterday's rules are not today's rules. Today's rules will not be tomorrow's rules. Protect yourself.
Speaker 2:That's all you need to do but I love the input from both of you guys. Thank you so much for those, for those great words, um yeah, with that being said, like it's like I'm saying I definitely think that and kind of recapping what both of you are saying. You know, there's obviously going to be some circumstances where you know some of the names and digital identity on that exists in the space will have its, its, you know, I guess legally matching uh custodian. But in a lot of cases there is going to be a great opportunity for people who either don't come from the web two space, who are coming to build a completely different narrative. Basically, I'm saying that there's going to be I don't think that the audience that's necessarily going to drive the, the adoption for what? Three domains for uh uh forward, or even who may create the ultimate market for the value of web through domains, is necessarily always going to be. It's went to counterpart. In some cases some names will only be useful to that counterpart, but in a lot of cases there are going to be people that are coming into the space for completely different reasons, for the value that these names offer individually that have nothing to do with web two. And referencing also back to what Nate said. Ultimate said, um, with his analogy or his um, uh, uh, uh idea or belief for that, uh, uh, dns isn't web two or web three, it's, it's an infrastructure. Um, yeah, 100, correct, I agree with that and I think that, just like cell phones, which is one product, and televisions, which is another product, both use Wi-Fi, which is uh an infrastructure, uh, to display the information that you're looking for in completely different ways. Um, I think that these two products, even though they exist on that same infrastructure, can be completely different and and can provide value to different groups of people. And so, with that being said, and we're going to kind of go through this, through uh, on the insopparable one, so I'm going to move to that right after this.
Speaker 2:But, wrapping up, uh, you know we're, what are the potential factors for the future growth? If? If loaneaf isn't moving for 100 years, now right, what can eventually get it there? What can bring, you know, the rest of the, the, the ENS domains that we're all holding up on in our wallet, what can uh bring more value to that? What factors are in place that exist in the ENS building ecosystem that can produce that additional value that, I, like I said, will attract different builders and wanted to just kind of briefly go over that and then we'll go through unstoppable domains. But some of those factors I definitely think are uh platforms that are helping people actually build on the domains. Uh, you know, we've we've done an AMA recently with uh, hadiah, the web hash, aka 1w3.
Speaker 2:I think the more platforms that are like that, that allow people to build content, get to that content, publish that content and then monetize that content outside of the the, the way that you do it in web 2 and without having to own its web 2 counterpart, we'll, we'll definitely give these names as individual value.
Speaker 2:Um, we've talked a lot about the relationships that ENS is built with larger entities, commercial entities that are coming into this space, like coinbase, um, jp Morgan Chase, different relationships with other entities that are coming on board with their own TLDS, these things, um, you know we we've talked about the impact kind of both ways, how they may dilute the space and and attract people from wanting necessarily the dot e.
Speaker 2:But I think at the exact same time, anytime the space gets bigger, the, the market for what currently exists in that space will become bigger. So it's, I think, as more people are on boarded through whatever means, as long as they know that ENS technology is behind it, there is always going to be some value in having the original um and uh what do you call it? The, the iconic or TLD, from that namespace, and so I think the value will continue to grow that way as more builders build on top of ENS and give value to the chain itself, and as the builders with any ENS again build easier ways to interact with it and create content on the domain um anybody have any anything to say about that for remove kind of onto unstoppable domains and some of the the sales figures and stuff we've seen there no, I agree, I agree.
Speaker 4:I think the content is going to do it. I think the content is going to lay out the narrative for the names and I think the narrative for the name is going to impact the sustain, the value yes you know, domains got to be valuable because of parking.
Speaker 6:It didn't matter whether you emotionally felt the domain was worth anything, even if it was a great name, if it got so many visits and so many clicks and it made a thousand dollars a month, it was valuable, right, and we don't have that in web three, but I'm not sure we're not going to have it. Um, and I'll just spend 30 seconds here because I know I talked too much already, but I think I was thinking about my four number XYZ club and I said, well, if this is going to be people having like one, two, three, four dot XYZ, I said those are their wallet addresses. I said what if people just start sending them air drops? You know what I mean? Um, because they think, wow, that guy must be a crypto investor.
Speaker 6:Uh, and then I think about a name like loan dot eath. Um, it's almost like reverse parking. You know, instead of you going to a website to visit it, you would be, you would be sending stuff to that website. I don't quite have this worked out, but I think it's it's it's hopefully gonna spur creativity and that we don't know what the use cases are for these digital not internet assets, but I think they could arise. You know, um, and, and that's why I'm so anxious to stay up to speed on everything in rooms like this yeah, I 100 agree with you.
Speaker 2:So, um, like I said, through each of these platforms, I'm going to kind of try to touch on some of the, the factors for the potential growth.
Speaker 2:That's actually in kind of skipping ahead. That's actually and people may have their different opinions. I know every platform in some way somehow is, is is going to build towards this, but I think the first who may get there and who's already starting to build that kind of model out is actually unstoppable domains, and that's something that I was going to mention is is one of something that I think is definitely going to add future value to the domain names is the fact that they're already building kind of that social system with search and and adding so much to those personal profiles, being able to message within those profiles already the. The next step now is is parking and banner ads and being able to to create affiliate relationships on those, and I see that coming and I'm just saying I'm saying them not to detract from anyone else who is also building monetization tools for weather domains. It's just in who I think is closest to that kind of model right now. I think it's them.
Speaker 5:Go for it, right yeah, but there's also something to be said about. While you're doing all this and as you're kind of like becoming a wider um entity in the space, as things kind of like, we haven't even really started the game yet, um, you're still attracting talent. You know what I mean? It's a lot of people getting laid off from a lot of places, a lot of things blowing up all over the place, and one of the things that will help you get to where you're going to ultimately end up going, that determining factor, that x factor, is the people, the talent that you attract, keep and acquire. So all that's happening too, and, you know, front stop will domains. I mean, they're already a unicorn, so I mean, but that's, that's all key to as you're moving forward too yeah, and all of these platforms uh, going back to that talent thing have really been attracting some amazing talent.
Speaker 2:Like I said, there's a lot of builders that are building a lot of things that a lot of us haven't even heard of. So much information overload. Like I'm super tapped into the space and I see a lot of things at a glance, uh, that people are building and it really is amazing and inspirational. But, yeah, going back to that, um, the builders are definitely going to be the ones who shape the space and most of these platforms have some amazing builders, including unstoppable. You know, we have the opportunity to introduce everybody to, um, lisa C cat, who is probably hard to believe what the smartest people are, uh them, having her on the team is certainly going to be and has been, you know, a major benefit and plus them both now and continue on into the future and she's got a video game out there.
Speaker 5:As a matter of fact, you can, you can, uh, buy. It's called the non fun game. I'll find that and pin that up top.
Speaker 2:Yes, sir, yes sir and now that we are on unstoppable, let's talk about our 30 day high there. So I'm not talking about the offers. I want to talk about the actual sale, and the offers I think have been right around the same amount. But, as everyone knows, um, and kind of referencing back to GBM uh, unstoppable. I guess in their quest to also find some price discovery for domains that started to use uh, gbm is uh in their gamified auction process as well, um, and they've also used uh right of the dot in person and the results have been kind of consistently the same. So it's kind of safe to say where I think the market sits right now for those. But going to an actual sale, uh, xcrypto recently just sold via auction for 5 000 matik, which at the time, um, they reported to be 4 362 dollars, so roughly 5k. Uh, the first auction that they ran with the the online auction with right of the dot.
Speaker 2:I think a few domains went for what the highest domain go for, like maybe 7 000 or something like that. I don't have the exact numbers, but not far out of that range. We're still talking about less than 10k, but above 5k um. And then even at the the recent auction, uh, that took place partially at a domain or expo and then finished online. I think a couple of tlds settled in that same range.
Speaker 2:So I'm saying that to say, uh, the current market, I think it's safe to say, for premium domain names, and this is a single digit on one of their premium extensions. So, for those of you who aren't already familiar with unstoppable domains, they currently have a, a, a, a, a, a suite of extensions, um, I think it's over 10 now, but they include things likexnftcryptoblockchainbitcoingo, etc. Etc. And some of the most popular extensions they have, or the premium extensions per se arguably right, becausego is fired butcryptonft, andx, so this one happened to be xcrypto. Um, and yeah, like I said, I think it's safe to say that the current market, um, especially as it's reinforced by this option for premium domain names, currently uh, on the installable platform, is right around the five grand range, um, which is at what? About 25% less than the the ens market, uh, but still super solid.
Speaker 2:I don't know what the acquisition cost was for xcrypto, um, because that's another thing too. The cost changed. Uh, I'm surprised. Xcrypto was an offer to that initial batch of like premium ones that went out a couple years ago, and I think it would have cost a lot more directly from them than it cost to register once they released them. I'm not sure, but again, uh, is anyone up here familiar with who was the? Well, no, the xcrypto was owned by unstoppable directly, right they're. They're not allowing the whales to submit any of their own domain yet, am I correcting?
Speaker 4:that I believe you might be accurate on that, yeah okay, so then take all that back.
Speaker 2:There was no acquisition costs for xcrypto. This was their inventory. They got 5 000 matik out of it, 4 000, three hundred 62 dollars. I think again, some of the the offers that people are seeing on their domains on a similar inventory. Like I said, single letter, single double digit letters and numbers are about the same. Um, I'm glad we have Graham up here because you're very connected to the unstoppable community. I believe you're well in that community as well and connected to to quite a bit of them. What is your opinion on that kind of being what seems to be the current market value for, for, again, these premium domains? Are you seeing anything above or beyond it? Do you agree with those valuations? Uh, yeah, are you there?
Speaker 4:He might have stepped away. He's coming two hour drop in and say I actually think that that number is actually. I think it's low for that type of name, right, and I think at this stage is kind of low. But I do understand that it likely was acquired by someone who's familiar with the space and you know, sees where it's going. But I think that it also speaks to the fact that just the singer care single character variable by itself it's not going to always be the game changing factor, right.
Speaker 4:I think it's going to be really interesting to see down the road what naming combinations tend to do the best, because we can all say, ok, well, it's going to be the numbers with the NS, is going to be the single letters with you at UD, but who knows, you know, it could be 14 letter names for all we know. But I think that that was interesting. I think X dot crypto is a great name because I actually spoke with the person who I believe has X dot blockchain. So the X dot anything, especially in this day and age of, you know, x the platform, I think that, like, they're really really nice names. But you know, yeah, that was pretty low.
Speaker 2:Yeah. So I 100% agree with you and this is why, okay. So if we just went through kind of the NS domain sales, like I said, I tried to pick the ones that I think are legitimate sales. I think it's a legitimate floor and a high. And if that is true, right. If this is the market value for premium domain names, right.
Speaker 2:I have always been biased in the opinion, with the extensions that unstoppable has, that their names make more sense and are more appealing to the average person who's looking at something for, like you said, the visual value X crypto, being able to have single digits in the first place, even something like an X dot X. So from it, from a visual perspective, right. I 100% agree that if you think sky dot ETH is worth $20,000, you should think X dot crypto is worth that or more, right. And then even from a utility perspective, aside from metamask resolution, like what else is that? That's different, right. And then there's so much other value that unstoppable is all for also offering, you know, for their domain portfolio. That's different than what's being built on on on E&S, although there are independent builders again building amazing things that will work on E&S and so the utility will even out. But apples to apples, it's never made sense to me, right? The other thing, to the and this is not not to pick on the digits thing but we buy these domain names to be human, readable addresses to replace digits. I don't understand how digits then again became popular, kind of defeats the purpose. But with all that being said, yes, I don't know why unstoppable domains kind of historically have had less value on the secondary market the then E&S domains but then it kind of subsequently goes in that order because there's other naming blockchains or naming protocols that have also value and tremendous utility and it kind of their names are getting the same kind of sales volume or secondary volume as unstoppable domains and, and I think the market will eventually catch it up. But with that being said, the hot movers as we're seeing with that, with considering that being you know kind of the market value if you hold these premiums or if you're considering acquiring one of these premiums the hot movers on the unstoppable market seem to be those single or double digit letters and numbers. Those are the ones that you know.
Speaker 2:Obviously unstoppable is releasing now the other option process. I think they're going to be doing that weekly. What was their IPX? That's out right now. I didn't even check and I meant to. I think that option is still live and I don't know what the current bid is on it, if it's higher or lower than the X dot crypto. But yeah, for those people who are moving into that space or who are looking at a quite a solvable domains, I think your current market right now and what you should currently expect to receive for these main names of somewhere around that range this is also at the same time as I'm saying this kind of for educational purposes.
Speaker 2:I'm also putting this out here, too isn't as a as a realistic expectation.
Speaker 2:There's a lot of the submissions that I'm also getting from people wanting to participate in my auction are coming from unstoppable domains, and I really think that that's probably the market value that they're going to be acquired at, probably for a good time.
Speaker 2:But I do think that there are some substantial potential factors that will help grow this value, and that's another reason why I'm going to diversify this, our option, so that they don't just consist of one single asset, that they have a diversified portfolio, different assets from different, from different platforms, because I think, as time goes and these developments continue to come, some of you're probably going to be not happy that you sold a name for cheaper than it eventually is going to be worth, because unstoppable does have a lot of things that are currently a play, like we were talking about. I think they're probably one of the closer people to developing a model where quote unquote parking exists, a Web three or at least the monetize social profile. I think that absolutely will change the dynamic, for for what is something like an extra crypto or an extra X is worth before Chris?
Speaker 4:You know, what's interesting about the value of the UD names as it stands, the ones that have been recorded, is, you know, when you look at UD and you look at the, not only just you know their unicorn status, right, that you have that part, but then they have a lot of you know options and utilities that you know, if you just kind of zoom out, would appeal to just like the new buyer of domain names and digital identity that we're looking at, right, I think the fact that they have because you have to, it's funny, because you have two different types of two different lenses through which you can see the price of a domain selling for with UD, you can sit there and say, okay, well, this particular name is short is show, it's sold for around five grand. Now, what can the buyer of it do with it? Right? Do they have to sit on it and do they have to wait for the market to mature so that they can go ahead and resell it? Or is this a name that they can go ahead and take and, you know, build a profile on? Connected to this, I know unstoppable is They've launched a few tools related to reputation of the name and all of that, and I think it's those types of things that are going to drive up the value of the name like, like, really quickly.
Speaker 4:There's something that's happening with email right now. I don't know if many of you all are familiar with it, but it's. It's a thing with email reputation. So if you have email through like, maybe like Yahoo or a tight email, they're now giving you these messages that state you know as of I think it's like February, I want to say like February 1 or something like that Google is not going to be allowing certain email emails to hit certain inboxes if the reputation is not what it needs to be. So they're now giving you this, now this record that you got to put in on your email inbox to boost his reputation and all this other stuff.
Speaker 4:Reputation is getting ready to be a big thing for names and just digital identity in general. So what I'm thinking here is that names that have no reputation, or at least no traceable reputation, regardless of how short they are, regardless of what extension they have, I think that they might inherently have a lower resale value or lower acquisition value in in comparison to a name that is attached to some type of reputation system. So whoever purchased X crypto, for example. They don't just have the X crypto. They now have the opportunity to build the reputation for that name and then, later on down the line, if they decide to resell it, the value that they're able to get from that name will not just be based on its length, but based on his reputation and all the other tools that are plugged into it.
Speaker 2:Yeah, and I'm glad you mentioned all those things as well, because those are all, like I said, factors that are add value to essentially the digital ID thing and that's something that unstoppable, I think, really gets. They really get the concept of these things being utilized by everyday people for everyday applications and digital identity and something to consider as well. And the proof is kind of in the results and that's the thing that excites me Not just you, because I don't want to just toot their horn, but I do give flowers where flowers is due, their onboarding process for quote unquote normies. It's more ideal than the onboarding process for a lot of other naming systems and there's some others that are just as easy to get on as you do. But the fact that we're not flooded with these normies is is a testament to what I was saying earlier is that they're not necessarily getting why they need a digital identity, but eventually it's going to happen, right? Something that one of us is doing whether it's my nerd merch or something else that someone else comes up with is eventually going to produce a result where people are going to flood to the easiest thing to onboard onto. They're either going to flood to what they're influenced by. So they're going to get dot secure because Shakira says get it, and they're going to be willing to jump through any hoop necessary to get it, or they're going to click to the concept of digital in general and in that case the winner is going to be the person who is easiest to onboard and I think, for as a factor for potential growth for unstoppable domains they have definitely set themselves up for to be recipient of a lot of that traffic.
Speaker 2:Go for it. I hope they. You had your hand up. I don't know if you want to say something.
Speaker 7:Oh yeah, no, before I was going to say that you know again, as the pragmatic, thinking pragmatically about certain types of assets, you know, eventually this is all you know we can talk about namespace collisions.
Speaker 7:I think that's something that we haven't really talked about here, but the fact is that there's going to be lots of namespace competitors for Web three naming and the common denominator is someone's DNS name. In terms of if you want to build a brand and then tell people where your Web three location is and I'm oversimplifying, but that pattern of using DNS records as the source of truth for namespace is real, right. So whether or not you want to import your name into one Web three name service or another, they're all going to facilitate it and ultimately they're all going to provide you with a record that you put on your website that tells you where your Web three domain lives, right, but still it's rooted in your domain name. All of the governance and stuff everyone's talking about is all stuff that kind of exists already and has existed for about four decades. So I mean to suggest that all of a sudden, where it's all going to change overnight or really much at all, is a difficult argument to make, I think.
Speaker 4:Well, this is the thing I would go for no, I was just getting ready to say you know, because I get exactly what you're saying when you say okay, well, you know, taking your Web two digital identity, and then you know you have a Web three counterpart and it kind of works that way, and the value of the DNS system and so on and so forth. But I think that when, when you start to talk about the, the, the masses coming in, I think that you're going to have this unique situation with demand and availability Right. So even if you were going to bring in the masses through Web two or Web two name right, even though we just we just kind of use web to loosely, if they, if they come in through the conventional means of the internet, we still have the availability issue with the names, be it because the names are already registered or in use or because they're just priced out of most, you know, people's budgets.
Speaker 7:When you say come in, you mean like people coming in to buy about three name assets.
Speaker 4:Oh, no, no, no, I'm talking about like they're. They're coming in for the first time like individuals who are familiar with the internet but now recognize that they have to represent themselves and their businesses. So people who are like new to all of this, not not those of us who are familiar with the domain name and kind of what role it plays and just you know our everyday internet activities, right, but just the new people like. So when they, when they come in, most individuals are going to come. Especially take the gaming side of things. With gaming, I don't think that there's going to be a lot of young people, because a lot of young people game. A lot of adults game to put a lot of young people.
Speaker 4:I don't think a lot of young people that are going to come in are going to come in through the, the conventional web to side. I think that they're going to find a lot of cool names in this Web three space. They're going to build a relationship with them, build an identity, and they're just going to go for the stars, right, they're going to entertain themselves and do everything that comes with that. But then I think that there are going to be some businesses that are familiar with yesterday's internet protocol and they're going to, you know, make that migration from web to the web three and that's going to work for them. But it's going to be a mass majority of folks who, at the end of the day, they might want to use names that are on the on the conventional internet side, but because of how the inventory is already shackled and certain names are priced at sir, I think a lot of people are going to find themselves in a position where they're just going to start out with web three names because of the fact that it's just going to be more a smoother path to accessibility.
Speaker 4:I should say so, and I think what's going to happen there? No, go ahead. Oh, I know, go ahead, go ahead.
Speaker 4:No, no, what's so? So once they, once they have that accessibility because this is their first time in type of naming I think that they're going to build a relationship with those names and that's going to be web three names and blockchain names are going to come, like their standard.
Speaker 7:So so what do you mean? This is their first time. Can I jump in with naming?
Speaker 4:like this, I mean so if somebody so okay, so say, for instance, you have someone's grandmother I like to use the analogy to grandmother I love my grandmother, so my grandmother comes in, my grandmother. She surfs the internet but has never really needed a domain or digital identity for herself, right, but we know, we all in this room know that we're getting to a point where, very soon, whether it be to access, like your benefits or one K or anything you might need to log in using a specialized identity. Where are you going to get the identity from? Either you're going to get it through whomever is offering whatever you know 401k services or whatever they're offering. You might get it through them, or you're going to have to find it yourself, and so if people are going to be looking for digital identities to be able to access what they need, I think that they're going to go with what's cheapest, what's more convenient.
Speaker 7:It's free. I mean, they people have had to. If you're on the internet, you have an email address. That's a digital identity. That's a digital identity based in a namespace. I can get a free one from Google and you know that uncle native gmailcom income and from anyone else. So it's what I'm saying. Like there's things that this, this exists, right, the whole governance of proving who you are, all that stuff's already weaved into all these processes and systems already. Like you don't just get to like go get a TLD and you sit on it forever and do nothing with it. Like eventually it costs you money and or you have to give it back or they can take it back because you don't own it. I can does so. Just like you don't. You own your E&S name. The contract who minted your name owns it. They own it, they don't. You don't own your name.
Speaker 2:So I agree that it exists.
Speaker 2:As far as the technology is concerned, it just may not be attractive. And application to where technology is going and I'm going to kind of go back to what Chris was saying too as well, and this is referencing what I was saying earlier I don't necessarily think, moving forward and right now we've been continuously creating parallels between our market and the Web 2 domain market, but I don't think, once we break out of this bubble, that the market for Web 3 domains is necessarily going to be related to the market for Web 2 domains. And, using the example that Chris was saying, there are people who are on boarded and this is the big difference between Web 2 and Web 3 domains or even usernames for social media. Web 2 domains the application you need to own that domain name in order to use the application and those applications are basically email or building a website on top of them. If a person doesn't have a used to do either of those things, then they're not, they're never tempted to go that path and most of them are priced out.
Speaker 2:However, for normal everyday applications and people probably download apps off of the Google store Every single second and most of those apps require them to use usernames that only exist or have utility within those apps, and these universal usernames, ie Web through domains are going to be more useful to those people who need that utility, that don't need an email, that don't need a website, that just need that utility to exist within that D app. And that's what I'm saying is going to be a completely different customer base that has never consisted or considered needing a website because they don't need it. Even Isha's reference many times that brands or entities such as Mr Beast have found ways to monetize their presence using their social identity rather than a website to point people to to purchase something. It's still a website.
Speaker 2:But what I'm saying is these D apps are a lot different than a website. With a website that you own, you've got to create the traffic, the narrative behind the website itself, and save people to and build the property that exists on the other side. With a Twitter account, I just got to create a cool name and then start using the tools they already built for me to create an empire that might be monetized. It's just a lot easier from an application and adoption process because of where I'm Isn't that what we're arguing?
Speaker 7:that unstoppable domains is doing for Web three names, that they, that they host, or that they create, or that you meant on their platform? Isn't that the argument? Or that any of these other services provide those services and we might choose those other different services? So to suggest that email is no, I can't imagine someone being on the Internet and not having email address because you have to have one. You can't really do anything on the Internet without an email address. You don't need a Ethereum wallet, and I understand that there's a, there's a change, but I think again.
Speaker 7:I'm I'm I'm cautioning people about being pragmatic, about the reality of how the actual Internet's built and what the history of the Internet has been, in that Web three is just a piece of the Internet. Now people can join a whole bunch of other things, with this concept of Web three being a social movement and being an economic movement and a cultural movement, which sure it is. But that suggests that Web two wasn't. I've actually heard it on this call, where it was suggested that the old Web two way was something that that ignores a bunch of other things that it was. So it's not, and I'm not not saying this to be like, oh you know, poor Web two or poor Web three, but I'm suggesting that it it makes sense to look a little deeper, or not, not?
Speaker 7:Not not issue everything that was quote unquote, web two, especially if people are want wrapping things up like DNS into Web two. So there are thousands of protocols on the Internet that exists that make the Internet work, and any one of them I mean if you want to talk about domain names tomorrow, well, within the next week I could. I could basically replace your entire Web site with something else and send the traffic to a completely different server, and I wouldn't have to touch your DNS, because there's protocols underneath that DNS that rely on that. So that's what I'm saying, like a lot of things that are said. Don't take into account some of these other facts.
Speaker 4:So I have a question on the. So, when you think about naming options because you reference Gmail, and I agree with you know like anybody can get a Gmail, but does everybody want to Gmail, right? I think that we're moving to a place right now where the moment because everybody, there's a lot of people right now that don't recognize the value of owning your name, like I get exactly where you're coming from from a technological standpoint, but then I'm also looking at it from the standpoint that a lot of people don't even realize that they have naming options. Right, and what is going to be the case the moment that folks find out that they have naming options, what are they going to choose and why are they going to choose it? And in this case, I don't think that they're going, if they know like a lot of people don't even realize fun fact, a lot of people don't even realize that they can have their own email address and it's as simple as them purchasing or renting a domain and getting an email package. A lot of people don't know it. They think that email comes exclusively through Gmail, or it comes through their jobs, that's it right, or hotmail or one of the other you know major email services, but they don't know that they can have their own. What happens when people find out wow, I can have my own email or I can have my own address? You made a very good point about the fact oh, I think it was Graham that made the point about the fact that there are individuals that are being laid off. Right now, we're talking about price discovery and price value, but there is a swath of people that are getting ready to discover that the Internet is really a thing, that the blockchain is really a thing. It's not like it doesn't have this passive existence, but it's woven into everything that we do, literally and figuratively.
Speaker 4:And I think that once people recognize that, they're going to realize that they have a place within it, and the first way that they're going to solidify or acknowledge that they have a place within it is through a name, and I don't think that folks are going to be fine with saying, oh well, you know what, I'm going to go ahead and get this at Gmail. If they can get their name, regardless of what it does, if I can get it and I can call it mine and I can use it for something as bare minimum as just logging into a platform, then I think that they're going to do that, and then it's going to be up to the namespace or the name service providers to broaden the utility so that people can recognize that you can do something more than just email or login in. But I think it's going to start with people recognizing that they can have their own name. They can own it in a sense Right, and at the end of the day, the possibilities are endless with what they can do with them.
Speaker 4:And right now in Web, in Web 2 or with the typical DNS names, it's not really this. You can be creative and grow. It's a commercial thing. You do what you're going to do really technological boom, and I think that Web 3 and the blockchain is the other side of that.
Speaker 2:Yeah, and just taking it back to what I'm talking about, I'm talking about practical application in the direction that technology is being developed.
Speaker 2:One of the things that I don't want to make it seem like I'm doing is negating the value of either email or websites, because no one can negate that value. The value has been solidified. People who obviously have email addresses that align with their company or their business will never hear, will never listen to anything to the contrary, and it's always going to be something that people strive to do. However, when we're looking at how technology is being developed and now starting to be adopted by the people who are coming into this technology, a lot of these people are interacting with social platforms. Again, we look at even something like Telegram. Telegram has more users than domain names that exist. That's just fact. These are real numbers. The social platforms have more users than customers for regular domain names, and having that email address or having that grailed domain name that's acom, literally does you zero good on any of these platforms, because the only thing that people use as a grail flex or to get people to go to their site is the username they're able to acquire on that platform itself. And so, with that being said, that's why I'm saying I think there is going to be two different types of consumers who are attracted to these two different markets for two different reasons.
Speaker 2:Obviously, the market for traditional web two naming and emails and all of that technology that goes with it is never going to cease to exist. It's going to continue to evolve in whatever way it does. But as people more young people are coming into the space, that will never need a website, that will find more value in a TicToc name or in an Instagram name or any event, the platforms or the entities that are creating technologies for people to own those names to those technologies, I think will also create just as lucrative a market as web two domain naming has been used. Web two domain naming has been able to accomplish and create. Like I said, it's there. They're two different products and I think that that gets lost a lot because we do draw so many comparisons between web two domain naming and web three domain naming that we think that they're the same, that they're going to have the same consumer base, that they're trying to solve the same problem and therefore fighting for the same liquidity.
Speaker 4:Okay, and think about SMS. You know SMS messaging right now, like that's a really, really big thing with young people, right, and many businesses are adopting that right. And then you think about something like what Namecheap slash Spaceship is doing with Thunderbolt, right, when they launched Thunderbolt. Based on what we know, thunderbolt is going to be an app. It's not going to require phone service, and we're just looking at the numbers. Young people, a lot of parents, have reached a point where either they don't want to or they can't afford to put their children on the phone plans, or they just said at the end that they don't want to do it. When you start to talk about having an app where the young person can easily download it via a Wi-Fi connection and then they can go ahead and they can use a name of their choosing to be contacted through, it's going to be things like that very unique use cases for names that are going to open up the door for this brand new market that we have the privilege of speculating about and building in one way or another.
Speaker 4:When it comes to the email thing, like when I referenced like they're talking about email reputation I think that email and domaining and websites I think that they're always going to have their places, because it's too much of the digital world that are built in alignment with those things. However, they're evolving in a way that may or may not complicate the ability to bring more people in. Like when we were talking about the email reputation thing, I personally believe that if there's any record that needs to be added to an email address to make the reputation good, as they put it on Titan's email service you all should update those records, because we're already paying for the email, so why don't you all update the records? But realistically, I think that what they're getting ready to do is I think this reputation thing is going to be one effort to combat spam. I think that that's what that's going to be, and I think that you're going to have to add these records periodically to not get caught up in that whole your emails being blocked and all this other stuff.
Speaker 4:So I'll leave it here when I say this we are technologically savvy enough to know how to go into our email accounts, add these records, these TXT records, and verify this and all of the other stuff, but the young people and the populations that are coming into this sector of digital identity, they're not going to want to be bothered with that right, and you have players like UD that are creating and experimenting with ways to give these individuals that are coming in an opportunity to have access to robust you know, robust tools and things that are nature, without it being complicated, so I think that there's room for all of it. We're all on the same page here. Web two and Web three are connected, despite the fact that we do talk about them in a separate capacity.
Speaker 2:Yeah, and the other thing before I go to you, graham if your thing is priced out or inaccessible to people or it's too hard to use, people will just make the thing that is accessible and that they can get cool, and then they'll create a market for that. It's what's always happened. Most of the trends and fads that we have today were sometimes slept on things that people have to embrace because other things were priced out. And so, with that being said again, we can't, I can't be coke, I can't be loancom, you can never be any of those things. But if loaneat is accessible to me and it works in the ways that I'm coming into the space technology to use something, then absolutely I'll be a customer for that, even though I'm not a customer for loancom. Go for it, graham.
Speaker 5:Yeah, I mean it all comes down to education. You know what I mean. Chicken wings used to be considered as trash before, until a group of depressed people decided to put some value on it. And then the culture was created, and then other people saw that value. And now, look, now everything tastes like chicken. Right, you want to get your kid to eat something? Tell him tastes like chicken. Boom, they're on it.
Speaker 5:Same thing is going to happen here. I believe it's all about education. A lot of people now we're not in Web three yet. We're kind of moving from Web two. We're not going to stumble back to Web negative three, but I think that we're going to be propelling to Web three and when that education comes in, a lot of that confidence, a lot of that education, that symbolization is going to be like.
Speaker 5:Web two is going to be considered like your credit card, whereas Web three is going to be a digital card, your virtual card, your virtual, like everybody has, like nobody has physical shelves and storing that they used to have in the workplace back in the day. Everything is on a computer. Same thing here. Yes, you can utilize that. You can still do Web two, you can still have a dot com and it can simulate and inject and do all these things. Okay, yeah, guess what I don't want? No dot com on my business at all Me myself, that's what I don't want. No Facebook Okay, their culture does not vibe with where I'm going, and so that's why things are going to be differentiated and that education is going to come in.
Speaker 2:And going back to that financial thing. For those of you who may be old enough to remember, there was a time where people were fading debit cards and the advent of the financial system as opposed to using checks. So we see where that went. Technology is technology. It will move without you and you will adopt it. I'm going to go to name five. First, who I think is Victor so hey, how are you doing? And then I'm going to go to top hat by.
Speaker 8:Yes, yes, yes, hi, can you hear me? Yes, sir, yes, sir, how you doing? Hey, marcus, good to have you, good, good to see you here. Thanks for letting me speak. Well, this is a great, great talk.
Speaker 8:Sorry, my signal has been a little bit shaky so I was on and off, but I just want to say I resonate a lot about what Namertips is saying, in a sense that I believe it's very important to have names that interoperable, interoperable with each other. Usually that would mean names will carry some kind of extension, but let me put it this way I do know, like Marcus, I really like rebounded this really good, but there's something that I could, with respect if we disagree with the idea of that. Okay, so Facebook names or Twitter names is more important these days. Yes, they are important. This is a kind of like a status where internet is a wall, god and leading places right. Like. Obviously, twitter account is very important and everyone wants to get a good account. But down the road I still see, not just because in the past dot, com and dot, everything is important, but also in the future we're heading towards a more open web three based thing. So identity has to be across different networks, if you see, if you see there's a rise of open web, if you see there's a rise of metaverse or in general you believe that applications are going to interoperate among each other, then user has to be able to be identified across different nets. So, even though we are seeing like a lot of importance and rise of talking about okay, so this tick tock account is more important than having some kind of dot com, I wouldn't be surprised in the future, in next round, for example, 2026 or, for God's sake, who knows like when I can is going to open up the next round. People will start like tick tock will start getting an account, getting a to these so that they're created, can be easily discoverable on on chain, online and everything else. So I see a future of open, open web and that's why it's important. All the names should be able to interoperate and then sometimes that means having a to the and, etc. I resonate a lot about what the name or tip says. Yeah, so this is Victor and we are like building towards. We are builders. Just like Marcus said, builders are there to build.
Speaker 8:I will tokenize traditional domains with Internet domains, or what I see is not just traditional Internet domains that you all talk about the importance of having emails, having websites and being able to do that. I am 100% who agree with that. I also believe names are there. It's going to stay. Names are not going anywhere. So these names are not just for the past and the Internet, it's also for the future, for the years to come. So our names are named by. Some people like to interpret it as finance name for finance. Sure, yeah, we bring domain names on chain into NFT and then we put it on Ethereum. That gives it the liquidity and access to all the DeFi infrastructure and all NFT markets to make it so much easier to trade. But we also believe that these names are for future Internet, for next generation Internet that is much less towards work-garden but more open. So, yeah, I'm just so grateful that you give me an opportunity to speak and talk with all these awesome speakers and listeners.
Speaker 8:If you are interested, we're actually doing some kind of early launch. We're looking for pioneers who want to try out our products. We like to do user interviews to see what your pain points are and perfect our product design. So if you're up for a chat or anything, we'd like to chat with you, especially for people who trade their main names. We'd like to know what you're thinking of. We want to build products that make you really like them, really love it.
Speaker 8:So yeah, and then also, it's not for free. We just like all the domain names. When you register, there's a fee there, but just to make it risk-free for you, we're going to make it free. We're going to give you some service credit that you can use and try our product risk-free, without you paying anything out of your pocket. You also good news is that you don't have to pay gas for us when you use our service credit. So, yeah, stay tuned, reach out, follow us if you are interested in following up, and thank you so much for Marcus and everyone here, and I'm here saying to listen to all the great talks you guys have. Feel free to ask questions. I'm here to answer, yeah.
Speaker 2:First of all, man, thank you so very much for coming up. For those of you who may have seen the picture floating around with me and AOX from a name based the other person in the picture is actually Victor and we had a very good time in Vegas, and both of so admittedly just FYI you understand the blockchain and technology at a much higher level than I do, so I definitely respect all of your input and also, from what you just said, I 1,000% agree, which is what kind of exactly what I'm saying. I think that the next evolution, what we're building into, is now that new thing right, it's not a Web 2 domain name for personal identity. It's got to be more than a Twitter or Facebook handle that stays native on that platform and can't move. It's the next evolution of that right, which is the interoperable owned identity that you can build things on top of. And again, that's what I'm saying. I think that that product is going to be a product that creates its own market and is more attractive to people than what currently exists 100%, 100%.
Speaker 8:Yes, the Web is going out, very, very the open Web, the Web that you can own, the Web, the community that you can build and incentivize, is going to be the future, as I believe it. For example, like Marcus, you build this wonderful, wonderful community right Like this. Tech talk happens every week and then people just line up here. What if the internet, the future in that, in that give you and also this community, an option to reward people who participate more right. What if this gives people the opportunity to reward speakers? You really really find that they contribute an insight and a vibe and an identity of the culture of your community. We happen to believe this is going to be the future where every creator is able to kind of speak and retain to their cost creators, their community members, their fans, in a way that is not just like an honorable, like giving out of badges and anything, but also they can share a success, a part of success of the future.
Speaker 8:Everything that leads to this kind of future will depend on having an open identity system, which is what we're building. We happen to believe this identity system has to be interoperable to all existing systems. You're preaching so well to everyone that we want to have likecomnet, the one that works in emails and the ones that work for website Exactly we believe. We happen to believe they should also work for wallet. They should also work for, let's say, small contract in the future. I myself is an Ethereum beater. I contribute to open standardization by serving as one of the seven Ethereum VIP editors, so I'm in that round. Anyone who has questions about technical side of Ethereum small contract I'm happy to communicate and chat with you. So, yeah, I'm just so, so grateful that you're running this tech talk all the time to preach the future of internet.
Speaker 2:Yes, sir, yes sir, yes, sir, and, like I said, extremely glad to have you up here Again, your expertise from a technological perspective. I got to witness that myself. Yeah, let's go to top hat bot, and then we're going to go and talk about Docsats and then we're going to wrap it up. The space has been a nice, solid one. Thank you to everybody who's been in the space so far. Glad that we got to put this amazing information out there Again. These tech talks are recorded, so if you're coming in at the halfway point one of us in the back you'll be able to do so both here and on our website. Go for it, top hat.
Speaker 9:Thanks everybody for having me, thanks for all the hosts and co-hosts and speakers and thanks for all the listeners. This is what helps to really make this happen. Yeah, I'm a big Web3 domain you know NFT domain enthusiast. My story is an interesting one. I owned a large number of Dotcoms in the past and, because I specialize in cannabis, I've been in the cannabis industry since Kurt Cobain was playing Lollapalooza and I watched it all changed. I watched it change in the domain space era and I had a large number of Dotcoms and other extensions through the largest auction house in the world and my renewal fees were $30,000 each year and the next year they upped because they seen what I had and that I was in first early and they seen what I had. And they upped my renewal fees at GoDaddy to $360,000 a year. And if you look up a lot of the domains that I used to own, they want millions of dollars for what was a renewal of $200 for me.
Speaker 9:It took six months for me to dig a hole out of depression. That was really tough on me and my family. Really, I had spent a good portion of every penny I ever made on this because I was on to stuff. I seen what names were going for. So this is when, after it came about and I went to put this up for sale and they literally would not let me put these up for sale and all of a sudden I seen other people having similar domains up for sale and it ruffled my feathers.
Speaker 9:I'm from Montana and I live in a place where I'm a fourth generation and my kids are a fifth generation. I've been in the town I live in my family has been since Abraham Lincoln was president, and so it ruffled my feathers pretty bad. And I'm from a place where your word means more than money, your word means more than crypto, because if we're all honest and everybody was honest in Web 2 space, web 3 space, the internet space, it would make all of our jobs and lives and everything we do so much better. And so we have to weed through the scam artists and the poisoning of wallets and poisoning of addresses to try to find all the true people that are real. That Web 3 is magical because once they did that to me, I let every single thing that I had go, and if you go, look at some of the stuff I had they want millions of dollars per domain for what I had to this day. If you look it up, go check out Web3domaincom and see what they want. They want two and a half million dollars right now. That was like 200 for me, and the next year they wanted 1700 for a renewal or whatever it was.
Speaker 9:I couldn't hold on. That's when I learned about unstoppable domains and I had already kind of learned about them and I was like wait a second, no renewal fees. And I seen them up and everything. I seen them not allowing me to put anything up for sale at Afternick and I was new at this, so I didn't understand. Of the other outlets, I didn't understand that Twitter was the main space that you connect with people in domain, whether it be via Web2 or Web3.
Speaker 9:And once I caught on to all this anyways, I wound up spending money with unstoppable and I was really happy because I was able to go in and get the same names that I had bought throughcom and, even better, because I was there early, I got involved with UD in 2021. So they were three years old and essentially, blockchain domains were three years old and I was so pissed at GoDaddy that I was like you know what that's it? I'm all gears in all chips in on Web3 because what they did to me they hosed me so bad wouldn't allow me to sell the properties I bought from them through their extended, branded extension auction house. And you know it felt it's the epitome. What I dealt with is the epitome of centralization. Godaddy is centralized and they're the epitome of it, because nobody in unstoppable domains can't do that to me. I have 1,563 unstoppable domains. I'm a triple whale and I thank you everybody for clapping and all the emoji love, because it's been a long, hard road. I've taken every pin in the back I've dumped it all into this.
Speaker 9:And then the only other company I own any domains from is FreeName, and the reason why is because I don't want to have any renewal fees. That was too much for my mental stability and my life, and I'm a father of three. I'm a brain injury survivor and I want to do it right. I'm an honest man. I learned about all of this because someone stole my original website. I'm a geneticist in Breed Cannabis and have for many years and I own a website called aboutdabtimecom. It's my only dot com left out of a thousand, because I put so much time into building that website and every product on there and everything on there. I grew it, I took the picture, I built the website and I'm not saying that for anyone to get on there to buy a product. I'm simply just saying it because that's my heart and soul. I put a lot of love into there and worked really hard on it. Do you know what I mean? That's the only one I have left from them. Granted, I've wanted to buy someio's and some AI stuff, but once again, the whole centralization and being able to up the price or edit it or make it so that you can't sell it at a number of auction houses is just really deterred me. So the current market value of Web 3 Domains the original title of this talk brings me back to Web 5.
Speaker 9:I tend to bring up Web 5 quite often the third day that Jack Dorsey, when he created Web 5, I was there and I watched it and I kind of felt like he sold Twitter, which is now X, to Elon, in order to build Web 5 in the shadows with his team at Block. Once again, this is just my inclination and curiosity and opinion, and there was a bunch of rhetoric. That's about the time that Mark Zuckerberg caught all the heat for building Meta right now, because everyone in America didn't take Meta serious. They passed the torch off to the Saudi Crown Prince, the people in the Persian Gulf and people in India, and there's nothing wrong with that. It's just that we're all watching this unfold and it's interesting to see something like that happen and detour all these people from wanting to get into Meta. They're like, wait a second, he owns such a large social media, why invest in it? Because I asked a lot of people and did kind of a survey and that's what everybody said whether they were Web 2 savvy or Web 3 savvy, and so I believe Web 5 is very important, which Web 2 plus Web 3 equals Web 5.
Speaker 9:I think this was also a way to skip Web 4 for all the other billionaires building it in the shadows, anyone who thought, well, if this is Web 3, let's build Web 4. Now Jack come out of the woodwork and said, well, let's do Web 5. And it makes sense, believe it or not, because everything everybody's been talking about on this space has to do with Web 5, which means peer and total integration through Web 2 to Web 3. If everybody you know, and your family and friends and your customers and your business associates and colleagues can all just click into it and have it be as easy as them doing their day to day stuff through Web 2, that is when all of us see a skyrocket in need and prices, and right now, utility is everything.
Speaker 9:There's a big race between E&S and unstoppable, and if everyone worked together, everyone could make a lot more money. For instance, let's say that they battle it out and keep at it. Well, let's say they only make $2 billion a piece. Well, that's cool. If they work together, and everyone works together, they can make $20 billion a piece, and that's 10 times any amount they would ever make and that would eliminate any kind of piss and match that we see. And so I want to see everyone work together, even though I don't own E&S. I don't own it because what GoDaddy did to me. I don't want renewal fees, I don't want to magically have it, you know, a price be upped and I want things to be standard. Yes, ud's prices have fluctuated. Yes, the point system upset a lot of people.
Speaker 9:But I also look at it like this the only credits anyone got were people like me that spent my hard earned money on what they already had. You know, no new customers got any new credits. So really what that is is an honor loyalty program. You know, like when I said directly, I said you know what you did? I was, I was how about this? I was almost giving up on unstoppable domains and when those credits come out, I was like wait a second, and it made me dig in harder, it made me research more, it made me become more of a loyal fan and it solidified me. I also was able, with those credits, to go in with my knowledge and really get some amazing pieces. You know, I own United States dot NFT and I wouldn't own that without the, the. You know those credits and that's precious to me, and I own a bunch of other stuff that I that I hold that I want to use Right.
Speaker 9:I don't think also, people know the power of all these. There's a lot of power behind owning names. For instance, my neighbors upset me and other people in my small little town and if you go look their name up right now, any close person to me and my friends and family will sure get a kick out of it. For one and two. One, they don't understand the blockchain, lol. Two, I've warned everyone of them about this. So everything I've done was been an all fair do likeness. So, because I've had to actually be my own lawyer 100%, imagine this I called the five greatest e-commerce lawyers up and all of Montana and I had five questions involving e-commerce domains, blockchain domains, and I knew the answers to all five questions.
Speaker 9:Every one of them wanted a $50,000 to $100,000 retainer fee and not one of them was actually able to answer those questions at all. They sure wanted to check, but they couldn't answer anything and the only people that were viable were in Minneapolis, chicago, la, seattle places way far from me. So I don't want to sit here and rant forever. I just wanted to kind of let everybody know where I am, at who I am. My name is Jacob Lovas. I don't have anything to hide from anybody. I am the top hat bot in a stake. A dink nugman.
Speaker 9:My heart and soul is in blockchain domains. I want all of us to succeed. It's taken a lot of work. I'm in the middle of doing 30,000 pieces of art to finish the art to each one of my blockchain domains. It takes up to 100 pieces of art for me to decide on the one I want through AI, and then I go in and edit the art. That's how I do it. I've already done 10,000 pieces and completed a thousand of them. I have to go in and rename all of the pictures through my. Yeah, it's been a nightmare. It's been a lot of hard work, but I love it. I love the community. I will continue to go.
Speaker 9:I'm also in the middle of writing Dead West Galaxy. I created 100 NFTs, which are the top hat skeletons, and I've never actually wrote the story to all of these characters in Dead West Galaxy, so everyone connected to me following me, they're actually going to get to see me debut the story to the world and it's really fun. Every planet in Dead West Galaxy will have a planet that any one of you will be able to relate to and love something and find something. For instance, planet Halloween is like the emo goth planet of everyone. It's Nightmare Before Christmas, 24, seven, everyone dresses up and there's a planet like that for everyone in the whole Dead West Galaxy.
Speaker 9:Anyways, I have a lot going on and I thank you for letting me speak, and I want every one of you to be successful in what you're doing, and I wish the only best, and I want to try to always be smart with these and keep them valuable for everyone. Something that we do with any of our digital real estate determines how much, how much and when the public gets involved and, if they do, and how much they get involved with it. So I just wanted to say thank you to everyone and I really appreciate everyone's hard work. I'm going to let you go and, once again, my top hat is off to you all, thank you.
Speaker 2:And thank you so very much for coming up. You actually highlighted a whole different demographic that we don't talk about as much, but I actually got exposed to a lot and it does truly exist and these are the people who, just like you, have been wronged by the Web 2 domain system. And a lot of those people and I've referenced it before because a lot of the people that I speak to that are involved a Web 2 that have migrated towards handshake. Many of them migrated towards that particular chain. For that reason is because it's solved that problem Actual ownership on the blockchain.
Speaker 2:One of the things that inspired me and, like I said, getting to interact with people who shared that same pain point for me first happened at the NamesCon the year before. Last year. I was listening to a seminar from somebody I guess that people in the Web 2 space probably don't like so much now, but it was the current CEO of Epic and he was explaining a situation that he had gotten a particular website or SLD through. I believe it was. It was some political website and when he was explaining that process, it clicked for me at that time that there are a lot of problems out here that a lot of people are experiencing that many of us may not relate to or may have never been exposed to, but the solution to them still has extreme value because there is that demo out there and this Web 3. Again, it exists for people who are wanting to come in it for digital identity. It exists for people who are wanting to just flex names. It exists for people who are wanting to publish digital content and it also exists for people who just want to own something and not have it taken away from them, like what happened in Web 2. So Web 3 exists to solve a lot of problems for a lot of different people.
Speaker 2:I'm going to go to you. I know Graham had his hand up a few times. I want to go to you to just make sure. Go for it.
Speaker 8:Yeah, yeah, thanks very much.
Speaker 2:But if you could do me a favor, if you could let Graham speak, victor, real quick, and then I'll go to you.
Speaker 5:Yeah, now, one thing I wanted to say real quick is that I came from like the cannabis world too and I'm actually in a high times magazine, but I was interested in looking. I was looking at Coke Tech because in the cannabis world actually, you extract from the cola of the cannabis plant, which is the top of the plant, and that cola you get that focused liquid right there, that concentration, and that's called the cola. You know what I mean. Or the Coke. You know that's energy. So you can actually make like an energy, liquefied energy from cannabis using technology and you can actually use Coke Tech might be a website that you're looking at for doing something like that. So I do think that these things, these web two things, these old way looking at things, are going to get rotated and changed and pivoted around.
Speaker 2:And we're going back to that and I definitely agree, especially and I'm glad that both Namertips and Page, you know, gave a whole lot deeper insight into that, because I do agree, like as more people as different generations that don't have any attachment to the things of old come in, yeah, they're naturally going to reinvent things that aren't infringing on the existing thing, just though I do still have to put out there if you create that thing, coke Tech, you still probably need to expect receiving a cease and desist at some point from Coke, because if they see it and you make it cool, they still have the right to do something about it. But I do get everything that you're saying in theory.
Speaker 5:Free advertisement in my world. You know what I mean. You want that sometimes. You want that energy. If you can keep that same energy and use that and leverage that. You know what I mean. It's our old wrestling move.
Speaker 2:Yes, sir, yes, sir, now go for it, victor. Sorry to interrupt you.
Speaker 8:No, no, yeah, I was about to say that we should let Graham say a speak if he has still have to something to say. I love to listen and thanks, graham, and also for I just want to say to top hat, thanks for sharing your struggle and definitely agree with Marcus that the weapon to domain name company is wrong to you and has not been treating you well. And we are here at 6x and help. I think it's not about the problem of Webtoon names, it's about the company, the old school company that has not been treating customers very well. For example, if you buy names or register names or transfer name into our platform, you can start selling them the next second. If the parking page will be set up for free, the first second that you register it for you if you choose so, and also we provide a lot of convenience for you to discover your customers and whatever it will show up on, for example, on on open sea, with zero setup. These are things we want.
Speaker 8:We hope that you can reduce a little bit of concern and again, I think that the internet is there to stay.
Speaker 8:The names are there to say company, like go daddy, whatever they're not, like up there to better serve their customers, then they're doomed to be replaced by competitors who can provide a better service for their customers and get I don't get me wrong, I have a lot of respect for all the existing pioneers, of all domain name registrars, including go daddy is just that we think, with web three, there's much better way to transact and massive, much more control a customer could have.
Speaker 8:So, yeah, with that, I just want to say thank you for sharing what you struggle. I do have a question for you, though. You mentioned that there's something that, provided by on top of a domain which I also have a lot of respect about that they provide this royalty program. Really royalty points to you that make you feel something. You can, you, you, you, you will show you. We are designing our royal program as well. Can you share a little bit about how that works there? And then what, if there anything you can imagine even could be even better if, if we design something like that or something better sure.
Speaker 9:Thanks for asking me that question. Yeah, what happened was there was a hundred and seventy million dollar drop that Matt and the rest of the team did at UD and then there was another drop for seventy million. That and that's all that I know of a lot of people were not like clicking into this. People that owned other you know TLD's and owned through other companies were not, at that particular time, I think, clicking into their unstoppable domains account. It really mattered me.
Speaker 9:I wasn't on X back then. I was. You know I'm. I'm a geneticist, so you know I'm a muscologist. I took some time to learn about funguses and you got to learn to all bacterias and funguses and molds. Anyways, that's mycology is a hell of a step.
Speaker 9:Anyways, I was busy doing all that stuff and so what happens is, with all these you know different companies and different stuff, people didn't click into their account. You had a number of days to claim your credits. So out of all, what is that? A hundred and seventy hundred and seventy, two hundred and sixty million or something you know, over two hundred million plus credits given out, there was only thirty percent that were claimed and redeemed, so a lot of people that were kind of raising the stink about that. Don't really realize that. You know, not only were, you know, there only so many given out. They were only given out to the customers that had already spent money. They were only given out based off of the amount of money that each person spent on their domains they bought. So to me that's so fair. Anyone given hell to Matt.
Speaker 9:I felt like you know, you know a couple other people the troll and a couple other people said you know, hey, they're just mad at their bags. And I thought, you know, that's very true, because if I wouldn't have clicked into my account, I wouldn't have got them. And so what if I felt bad and sad about that? Yes, but you know, we all work in an industry where it's like you better check in, you better check your account. You might have a bunch of credits in there. You might have the headache we're dealing with this weekend with MetaMask. I have over 500 unstoppable domains in MetaMask. And now what? They're getting paid under the table by ENS to make sure I can't use them.
Speaker 9:Well, here's the funny thing about me. I am from Montana. Okay, like you guys will learn this about me I'm, I'm like it. You know, it isn't the Wild West here, but I'll tell you what our attitude. It was 55 degrees below zero last week. I mean when my dog goes outside to piss he's got to put a park on you know, so I mean anyways, you know what happens is with with all this going on.
Speaker 9:You know people have to keep in touch. You have to be there. I was. I redeemed all of them. I was dancing around in my living room and I have. I have slipped discs bulging on my spine. I don't dance much, folks, but I'll tell you what. I was so happy I was dancing because I redeemed all of it and I had my watch list that I had been working on for over a thousand days. So my watch list was magic. Any one of us that know anything about that? You know other companies that don't allow a watch list on there need they need to do that, for instance, if you don't have a watch list on your platform. I suggest that the reason why is because I had years and you know years and years worth of work just waiting for me. When those credits came in, I was scrambling. I had my kids there with me, because I really keep my kids informed with what I'm doing, because I'm not going to be like my dad and grandpa. I want them to understand. I want them to work on web 3 and impress dad, because if we don't teach our children what happens if I die tomorrow.
Speaker 9:I've been at my death bed. It took me three months. I had to crawl to the gas station on my hands and knees. That cut two thirds of my skull off, my skull shattered and perforated through my right ear drum and I'll never hear through my right ear again. They put a plate and six screws in my clavicle so I had to really, you know, claw my way out of this, and I believe that when I clawed my way out of it that the blockchain was there for me, I found a new way for me to find my bitcoin the whole world's after bitcoin. It debuted at a thousandth of a penny in 2009. So really, that's what this all is. People won't talk about it. It's this hidden thing that we all are searching for our next bitcoin and getting in the beginning, and what I preach to my friends and families that's the secret to web 3 is getting in in the beginning, for instance, especially with domain names.
Speaker 9:If you've ever seen the movie far and away with Nicole Kittman and Tom Cruise, I always explain blockchain domains like that to people. There's only so many that they give you a white flag for to go stake your land, and when that bullet goes off and you're in your wagon, you better go and you better run and you better go get those names as fast as you can, for whatever reason you have, which is you know it can be because it's your family, it's a name, you want to protect it. It's a business me, mine are based after companies and brands. I always refer to my blockchain domains, which, by law, are digital real estate. I refer to them as my companies and brands because in the future, if you want to own a web 3, web 5 company, you must have the blockchain domain.
Speaker 9:So, essentially, in all major court cases, the biggest court cases in the world involving internet, which would be Google and Facebook, all of their entire court case was based off of the domain name. I read deeply into it. It's magical. When you read that stuff you're like wow, every bit of it was based off of that. You know, the only reason why Mark Zuckerberg has Facebook is because he literally went and registered Facebook dot com and that's not a joke. And when the lawsuit happened it's all based off of that, 100% like the actual. So, anyways, I've had to dig in really deep. But as far as the credits, back to the credits, it's really easy to get off on the trail of somewhere else.
Speaker 9:Back to the credits. Okay, credits are very important because I believe in heart of hearts, it creates customer loyalty. If you're just giving out credits and there isn't a lot of integrations and reasons why you're protecting your company to make sure that it's just not a giveaway. You know, I know, that the biggest piss and match over this is the fact that Matt gave those away and EMS only had 2 million domains at the time and now that all that's been given out you know unstoppable domains now has double 4 million.
Speaker 9:But here's the thing I'm not into renewals. You all heard what happened to me. So, like I'm, with every company that doesn't have anything to do with renewals, I immediately become loyal, interested and I'm always more inclined to become more faithful to that company. Because you know, I worked hard for all my money and they wanted a lot of money for each one of their domains. And if you actually go, look, they wanted a shitload of part, might. They wanted a lot of money for their domains, okay, and then now the prices all went down. The best thing they could have done to the people that spend all that money was to give those credits and anyone mad about it is just mad at their bags, and I don't blame them if they didn't buy any or didn't click into their account. No one can't be salty at somebody for that.
Speaker 9:But let's look at the big picture. I really I only care about honesty and transparency and I want to not wonder. Anytime you wonder about a company, that's when people start to back away, literally. You do not want to wonder about a brand or a company. You want faithfulness, you want to know what you're in for from day one and you don't want any surprises. And you know that's how I run everything, that I do no surprises, no, nothing. I'll take a loss. You know spend a little, give a little away. You know save a little, spend a little, give a little away. You'll be okay come the judgment day. That's what my dad said back when he was alive, and so, and I think credits are very important, but I know that, with everything that went on, it's very important to navigate credits in the proper way, because of customers and because of competition and because of just people that are not educated on it, and you know people that miss out and you really have to make it transparently fair and you have to make sure that that everyone that's never even understood this Reddit senior platform or even knows anything about web three gets it. They just see it, they see the headline of the credits, how they work and they go.
Speaker 9:Okay, you know, for instance, if someone kind of explained, you do like I'm doing to everyone right now everyone, I don't think, would have been misconstrued at all because I believe in it. It made me a lot more of a faithful customer and it made me only want to go for companies that have no renewal fees. For instance, you know I'm I own, you know, tlds through free name and I have no desire to go buy any from handshake or from Decentral Web Decentral Web anyways and the reason why is because I despise of renewal fees. I don't want to have them to be magically upped and I don't want to get in an accident like I was and forget and have my family be all. It's very important, I feel, to own everything for life and credits involving any names that you have, whether it be web two, web three or anything you're doing with your platform. It has to be a reflection of your platform. That cannot de monetize your platform in order to be able to simply make money and it has to be transparent. Do you know what I mean? So, like I think that Matt and UD did it right. It just it's.
Speaker 9:It's very hard to describe that to people you know, and it takes someone like me who I've spent an thousands and thousands, you know tens of thousands of dollars, and if I would have been one of those people that spent a hundred thousand dollars on one of those domains and then watched the price of them go down and then go look at some of them right now through the algorithm that has priced all them, there's people are sitting there drinking martini's, crying in their pool because for one, they were rich to be able to have the money to buy that to. They thought they were going to make millions off their hundred thousand dollar investment and three it now they didn't. But if they spent that much money, they were able to be a large chunk of that hundred and seventy million and seventy million. So it's a delicate ballerina dance with credits. I think they're imperative.
Speaker 9:I think that they it created loyalty with me. I am now going to be a more loyal customer. I like free names, tld's, you know I went in and bought one. That's my heart and soul that I wanted so bad that I can't even describe it to people and which is dot Sturgis. I grew up down in spearfish and there's a billion dollars that's made in 10 days.
Speaker 9:So that's so. So, with all of these credits and they've only given out 50% off, but once again with credits with them that that made me that much more of a loyal customer right away I'm like wait a second. I'm going to wait for the sale because money's been tight, because I've dumped every penny I've ever had into blockchain domains and Web three. I'm all chips in anyways, yeah, I'm going to let let you go and let let everyone speak and once again, I you know, credits are awesome, but a person's got to do it right and I think unstoppable did it right. It just wasn't explained to everyone in the right manner, which it's hard to do.
Speaker 5:All right, top hats off to everyone, thanks and I just want to add real quick one of the things I loved about you, these things that with that wish list, it's nice that the things that you favorite and added to your wish list and whatnot aren't on chain and so nobody had the discoverability on that, so you were able to go on and utilize that oh, yeah, that's a that's a very important thing.
Speaker 2:Back to top hat is what, yeah, extremely important because I'm and that's actually in application become a concern for people. So, and that wish list thing, again, just as the advice the top had gave, is something for other platforms. If you are looking at integrating something, as you're hearing, you know that that does have a lot of benefit and utility and use, also now that you have started. So I know exactly you are so good to meet you on your profile here. There's well, I had forgotten what I was about to say. Go for it, chris.
Speaker 4:Now you know it was good to hear top hat lay that out, because I think what he did was he rolled out the red carpet to the true value of web three domains and blockchain domains being the solution that they provide, that the customizable solutions that they provide. I love how he broke down the credits, because reciprocation in this space is very important, like we can't have a lot of these one way transactions that we seen in web two. You know, when you go and you grab a lot of the web two domains, you pay for it and you kind of on your own until you have something that maybe somebody else wants and then the waters get murky, right. But in in this space that we're in is good to see, especially in early phases, where you have the companies going a company because I can't speak for every company, but you have you de specifically, who who chose to reciprocate, who who acknowledged that hey, you guys spent your money on these particular names, where you all know that we're building right now and we're just going to go ahead and do this credit drop for you all, to let you all know that you didn't make the investment in vain, and to hear top hat break it down, like I was.
Speaker 4:I was enthused, and then he made the correlation with the wish list. His names that he has in his portfolio are valuable because of that, because these spaces are recorded. So think, think of someone listening to this space and saying, hey, okay, I've heard top hat, I love his story. Let me go look into his portfolio and it's going to be through things like that and I think people are going to say that name is valuable because it has a narrative attached to it, like he's been liberated. Right, we don't know what the future holds, but we know that it's promising, and I think that it's going to be things like this, that narrative. When you attach these narratives to these names, regardless of where you get them from, I think that that's going to enhance the value of them and I think that it was beautiful to hear him lay that out.
Speaker 2:Yeah, and now I remember. I don't know how I forgot this, but referencing right back to that, just as both of you guys are saying, and as top had it laid out, there definitely is a right and wrong way to issue credits and the way that unstoppable did it, what was again, what was the right way to go about it? You know, if you change the pricing of your ecosystem, if you change things like that, reward the people who have already invested, get them to reinvest and feel good about their investment and then, going back to that said, you know being able to bring people back to let them know that they didn't make that investment in vain. I think I had mentioned on a space prior, you know, when those credits first came out. You know I had that opportunity kind of directly, so I've made a few whales for unstoppable that a lot of you may not even know, because I know a few of them aren't on social media at all and I was able to go back to some of them to get them to claim their credit because they hadn't heard about it or seen it at all and it was just a reinforcement to them that when I brought you into this space and turned you on to UD in the first place. You know now you're being re-informed that it was a great decision because they're following that up with consumer loyalty and paying it back.
Speaker 2:So I wanted to tap back on that and we're gonna briefly go over some Sats domain numbers and I'm gonna go to Kaigya to give you a chance to speak on stage if you'd like to, but we're gonna briefly go through the Sats numbers and then wrap this up. This has definitely been an amazing and engaging space a lot of value and a lot of content on it. I'm glad for all the participation and for all the input we're getting from everybody. It really is one to listen back to and really sets the stage for what to look forward to not only understanding the current value, but why we all believe that the value is going to increase in the future, and again why we think the market is a fraction of what it will be. But before we get into the Sats, am I saying that right, kaigya? See, I'm tongue twisted. Go for it.
Speaker 3:Hey, hey, hey. So her name is Kaigya and it's a derived from a Japanese anime character, but it's my partner, my lovely lady. She's a public model worked with Nike, instagram and many other brands. She's onboarding people from web 2 and the web 3 and you guys may know me as King or Music Labs. This is the first music point to launch from our launch pad, so I just want to pop in to some geniuses and talk and just appreciate you all, man, we've been building in the bear when no one else is really here, nor the brands and such rare, and now we're trying to look at how to properly onboard brands into this space, because she has an absurd amount of connections in web 2. I mean, she's been a pretty big deal for quite some time over 60,000 followers on Instagram, so trying to properly and safely onboard her friends, her family, her relationships and business into this space. And so I just wanted to shout out to the host and the co-host because they're doing an immense job of educating on a consistent basis. Again, I first met them digitally maybe six, seven months ago, and you guys are just.
Speaker 3:I'm a student of the game, right? You know, I deployed original music point. I deployed it on the blockchain and the Ethereum chain is over six years ago. I'm still learning. I'm always going to be a student of the game. I'm only 33 years old, I think 33 years old, and that's young enough to know.
Speaker 3:I don't know everything in life. You know, there's a lot of wisdom that can come from the people who are in the trenches and learning in real time, because a year in web 3 is like 10 years outside of this shit. Let's keep it a buck. The amount of knowledge and such we learn and trying to digest are. Being selective sponge is difficult, but these individuals definitely do a great job at being the selective sponges for us and then telling us about what their findings are, because they also do their own research. So I just want to thank you all both, and thank all of you in the space for tuning into this space and for some other bullshit space that are out there, because this space is adding value to you versus other space out there just trying to extract liquidity from you.
Speaker 2:Man, thank you very much, glad to have you here as always and, yeah, it's what we're here for is to be a collection of minds to again share this knowledge and build value in the space. We all learn from each other and you know I love coming here every week to do my part. There are quite a few others that do their part as well. So, for those of you who are in this space, you know, follow each other, tap into some of those other people. Again, we're talking about the market that is really at its infancy. A lot of us are building the tools that are going to create this, this, what ultimately becomes an extremely flourishing market. We all have a part to play. The best part of the simplest part to play, obviously, is getting your own digital identity, showing it, using it, building into the narrative that it has value. And then, yeah, we're here to help educate, to use them in every other way, invest, build businesses on them, all that other good stuff. So, so love to have you here and again, everybody follow and support each other. Love that we get to be here and provide that education. And thank you for those flowers. Let's get into the sats. Had the pleasure of doing an AMA with some of the community members OG, community members of dot sats to learn about their ecosystem, that there's a lot more to it, their beginnings and kind of some of the future that they're looking forward to.
Speaker 2:Dot sats, for those of you who aren't familiar, is one of the naming systems on Bitcoin. There are a couple, but the dot sats naming system is the OG system is inscribed as an ordinal. There is liquidity for dot sats names, so if you go on Magic Eden, they do have an ordinal's market. Those names are being traded, which is why I included them in this particular comparison, because, as I said, I wanted to include naming services or systems that are seeing sales and have some numbers to go off of the 90 day or the 30 day high sale for a dot sats domain and I know that there's some historically that have gone for like close to half of Bitcoin.
Speaker 2:But the 30 day high is 995 dot sats, which again, here we are with these digits thing. We're using digits to replace digits but that went for 0.035 Bitcoin, which is roughly $1400, which is substantial, considering that to mint any of these dots sats today domains is free. It only costs the gas at the time of the inscription to mint one. So virtually everyone who is an original owner of one of these dot sats paid virtually nothing for them. That's 100% gain. And those 10 if you look through the historical sales, like I said on Magic Eden of what have been the hot movers and the dot sats domains, it looks like again digits and also single emojis are pretty hot. For those of you who like emojis and think that they're going to be the future of domain names because I mean, why wouldn't they be the easiest way to communicate something without having to say too much word emojis are the future. Go for Chris.
Speaker 4:Yeah, I was getting ready to say when it comes to the purchase price of the names, you know, what I think that we have to start doing too is that we have to start factoring the gas fees into, because you made a very good point about how there were no. They could essentially mint it for free, plus whatever the gas fee is. So I'm curious do you have the gas fee for what that particular name, the minting gas fee was?
Speaker 2:When I started minting dot sats and well, you want to talk about feeling stupid I faded dot sats for a while.
Speaker 2:When they first came out, I wasn't too late, but I was a lot later than I should have been.
Speaker 2:But at the time that I was inscribing it was costing me roughly, with inscription and everything about a dollar something per name Now. So Bitcoin transaction fees are all over the place now if any of you have been interacting with Bitcoin and inscribing ordinals lately. But gas now can be like 30-40 dollars to buy something or inscribe something. But again, still worth it, depending on where the market is heading, depending on what the name is, depending on what you're going to do with it use it, end user flipper, all that good stuff. So don't let that part deter you. I was just saying that to say that there was a time where you could have minted all these grails for almost nothing, and those same opportunities are going to exist and pop up on other blockchains as well. So for those of you who are listening to these top three and are thinking well on price that of that, where's my opportunity? At your opportunities and paying attention to other ecosystems that will pop up and provide that same opportunity.
Speaker 4:Okay, not that actually makes perfect sense, you know, because with the minting of the names, you know, the minting price has to be factored into, or the gas fee has to be factored into the price.
Speaker 4:And I think that that's one thing that we have to weave into the education regarding acquiring these names that when people do acquire them, depending on who they're purchasing through, there might be a gas fee that's associated with it. Right, thank goodness for that, for you know some of the naming platforms allowing you to be able to check out with. You know your debit cards and so on and so forth. But even then, like there was a purchase that was just made on this end through OpenSea using you know the credit card no, you didn't have to go through the normal channels, but they sure did factor in that gas price when you checked out using the card. So it's one of those things where that does get, that does get worked into the price itself. But it's good to know that there are options out here where, if you get in early enough, you can go ahead and you can probably mint a name for next to nothing, so to speak, and then you can just pretty much just build the value out from that point on.
Speaker 2:Yeah, that that that's a hundred percent a factor, and I think most of us now take that in consideration, especially with E&S domains. There's oftentimes there as well where the cost of mint the name exceeds the five dollar registration fee. With that being said too, though, again, as we're talking about the space evolving, I think a lot of times we'll eventually we'll get to a point where either that'll be wrapped into the UI so we're already seeing an example of that with, like you said, with unstoppable check out with Fiat how you're getting that checkout price kind of rolled in there and able to just check out like it's nothing and don't even pay attention to it. But at some point, even beyond that and even E&S has hinted that the perfect ecosystem that would exist would be them kind of as a layer one and then the naming systems built on top of it as a layer two, and the purpose for that obviously is gas.
Speaker 2:I think eventually we'll get to a point where gas will be mitigated because most of these are built on, or the utility at least is built on these layer twos that have almost no transaction costs, while the route stays somewhere else, because to get normal people to adopt this we have to remove as much from the part that they have to understand and figure out as possible. It's fine that it still exists. There's lots of stuff that exists technically, that works in the back end of everyday life. What makes it easy for us to interact with is that we ain't got to do that hard part I don't got to fix the engine in order to drop my car, and I know where I could take it if it breaks down.
Speaker 2:I don't got to figure it out myself. If we start creating those same kind of tools and stuff in this space, then that's when we'll create that kind of adoption and, with that being said, that actually ties directly into what I think is going to be one of the potential factors for growth for dot sets and not to just place their entire future on this integration, because they have an amazing community and ecosystem. But one of those things that's definitely going to contribute to the future growth is the fact that they're going to get integrated with unstoppable domains and benefit from that UI and ease of onboarding that that offers.
Speaker 4:No, that, that, that one right there. I mean, when you talk about where dot sets it's funny because that's that's names in particular had gone through that period where they were kind of like mysterious, like you know, they didn't know how to necessarily engage and where they were coming from, and so the AMA, aka the education and things like it, helped familiar, familiarize people with what that's that's names work right. Then, on top of that, the working together component, which, which was spearheaded by UD when the move was made to go ahead and acquire dot sets via, you know, h&s and you know, to avoid any issues. And now that name, that to be, is going to benefit from what I would probably say is one of the easier, you know, you eyes and buyer experiences that exist in Web three at the moment. So I think that what we're seeing unfold before eyes is is a formula, is this the is the development of a formula, and I think, as time goes on, there are going to be other players. Regardless of whether or not they like unstoppable or anyone else, people are going to borrow from that formula. Now it would be nice if people sit there and they tip their hats publicly and give people their flowers publicly and say, hey, I like the fact that you guys did this and we kind of borrow from that, but that's neither here nor there. That's perfect world thinking. But people are going to borrow and they're going to do what works and very soon, when that discussion of onboarding the masses, so to speak, is no longer a discussion but it's something that is actively being engaged in, I think that every party that's operating at any type of namespace, service offerings, the sector, they're going to have to make it convenient for people to go ahead and engage with these names, to put them to use.
Speaker 4:They're going to have to go ahead and have. We haven't even talked about the customer service dynamic. Like, nobody talks about that in web three, but people want to call people, they want to text people, they want to sit there and say, hey, you know, I've got, I put this in with my name and it's not doing this. Who do I need to talk to? So that's going to be a chapter. So I think that is.
Speaker 4:I think that everything that we've covered is really going to so into the long term value of these names. Just like, even with the customer service thing, do you realize that the moment that someone announces that they have a dedicated customer service team. It probably won't even matter what names they're offering, because people are going to feel secure with the fact that, hey, if I buy this and something goes left, I'm at least going to be able to call someone, and that, right there, I think, is going to make those names more valuable, not granted people who are here in this space. We're always going to have the debate about what's technologically superior, what is it?
Speaker 4:100% this and the decentralization, but if we're talking about the people, the naturally, humans are complex creatures, but they don't walk or run to complex things. So, with that being said, I think that anything in web three and in the blockchain space that can hide that complexity but, at the same time, still convey a level of simplicity that doesn't mean that the quality of what's being offered is subpar. I think that you know we're going to see a lot of fast growth and I think that we're going to see exponential rises in value just based on that correlation of variables.
Speaker 2:Oh, you said a whole lot and, oh man, we haven't even gotten into that yet. We're we're in our degen stages right now, but customer service is definitely going to make or break some protocols, especially when you're dealing with regular people. Absolutely agree with that. Let's go to top hat and then we're going to wrap up with some tools that I think will benefit the entire market and then, yeah, this has been a definitely a solid one. Go for a top hat.
Speaker 9:Thank you very much. I'm glad you mentioned you know customer service. It's totally. You know Namer tips really hit. You know the nail on the head and you know, for instance, I was connected to the VIP of accounts at GoDaddy. They have the largest customer satisfaction reputation through a lot of you know. You know industries that that judge, that, you know that score it and I was connected to that account and I was calling up consistently talking to the head of VIP accounts.
Speaker 9:I'm not going to name his name because I feel like that's no one's business to know and I also feel like it was out of his hands that he was surrounded by red tape, okay, and so what happens is I own all these cannabis do names. I'm spending thousands of dollars on them and I go to put them up at Afternick and they wouldn't allow me to sell them. And he wasn't able to tell me that because if he was, he would have. You know what I mean. I don't think you know the dude was decently nice and, if I had a chance, just simply judges character by being someone that I talked to over the phone multitudes of times, I mean for a total of quite a bit of time all together.
Speaker 9:So customer service is everything, and honesty and transparency. That's why dows dows are the future. You know, a decentralized, autonomous operation is so important that when I went in to unstoppable domains and I bought doctor, I didn't buy any other extension except for dot dow and I didn't want any other one. And the reason why is because I believe that the future is based on companies that can be honest with transparency, and that's how dows have been originally been birthed and created. From the way I understand it, I'm not a you know, web three expert. I'm always learning every day, but I'm very passionate about everything I do involving this. You know, and I'm always glad to say if I'm wrong and say sorry if I am.
Speaker 9:I'm learning, we're all learning, even some of the experts that have been there since the days of Bitcoin. They're just learning. They might be the, the, the, the grand masters of this, you know, but we all learn. I think it's going to take many lifetimes to to learn all of this, but customer service is everything, because if that guy would have told me that I wasn't going to be able to sell those at after Nick, there's no way I was going to spend that extra $20,000. I did on domains that year and so you know it cost me out of my my pocket 20 grand because of poor customer service connected to supposedly the VIP of accounts. And, once again, I always hate to throw them under the bus. But I also think that if I don't tell my story, it can happen to other people, and I think that my tragedy is a story of inspiration for everyone that wants to learn the real epitome of the difference and definition of centralized and decentralized. And I also know these other people will kind of argue what is it progressive?
Speaker 9:I've heard that UD has been claimed as progressive. You know, or Matt did, matt said it. You know what I mean. But at the same time I dissect all of that and what that means is this and this is a really fun aspect for everyone to dig into which means this I've done a bunch of research and if you can burn these from the back door to the polygon back door where these are minted, then it would take a really, really like a bad person or bad actor doing really bad things to that to do that. If that happens and essentialize, you know and can be done, that that makes it you know, a different aspect, okay, but also this if they ever get burnt for any reason, then it devalues all of them.
Speaker 9:So, everyone arguing whether it's actually decentralized or not, everything's built off honesty, transparency and integrity. You know, and I believe in that and I I'm gonna hope that that's the case with Matt I know that if I owned all those names for instance, I own 14 billionaires names okay, I personally own 14 billionaires names. The reason why I own their names okay is I have them available upon their request, and the reason why I bought them was to raise awareness in web three to these important people that have made billions of dollars investing, because no billionaire has made that money without being an investor. It's impossible and so I bought them to give them as presents now. I bought them when I was pretty much poor me and my kids were eating bologna sandwiches. That's a heck of a story.
Speaker 9:I the stories that we're building in web three right now. I mean. I always tell my kids our lives are a movie kids and I always let them know that, and so I hold heartedly believe it. I went in and bought dot movie star recently and now I can call every movie star up in the world and offer them, you know, their name connected to dot movie star. That is a dream of mine. I'm getting to live my dreams and let's say it doesn't work, say it doesn't happen, doesn't pan out like a thing or whatever. You know there's a million different things that can happen to us, but here's the thing to live in that dream world to, to inspire it's a manifest is everything. And once again customer service is at the forefront. Name or tips was on it because everyone remembers your wonderful experience. Sometimes other things could happen in your life that are not great, right, but that one experience at that, one company, that one time, you know, for instance, I went to Disney world when my grandma was dying, when I was in the third grade. It left a really big impression on me. So I own Bob Iger dot wallet and when I go give that to Bob, I want Bob to know my grandma's name. Her name was Marlene Buckingham and my grandma was dying and she took us kids there. And you can't really put a price on the memories. You know I'm not saying there's, I'm not, you know, honest or whatever, but we had great customer service. Everything's expensive, but memories, you know, I don't remember bad customer service, everything's expensive. I remember my mom and grandma talking about that. But you know, memories are forever, you know, and when we build memories if any one of you right now have companies, have domains or any of this, you know, building memories these are long lasting. These domains will live longer than me that I own and understanding that is magic. It's web three and web five. Magic, you know. And customer service is everything and I. That's why, if you look at some of my properties, you know my, my domains.
Speaker 9:I debated whether I was going to put that on there about my neighbor and the guy in town. That's just a well one. You could read it and find out anyways, but what happens is it's me. I don't ever want to change who I am and I have a amazing customer service. If anybody wants to ever come to me, I wear my heart on my sleeve and I want everyone to succeed in this, even people sometimes that I don't like. That's how I know I'm team web three and five, because I'm like oh go, hopefully they turn the corner.
Speaker 9:Everyone hates billionaires and I go wait a second, maybe they're trying to make a trillion dollars just to give back all the interest off a trillion forever, like. No one knows everyone's actual game plan nobody, you know what I mean. So, anyways, I could go on and on forever and Namer tips. Thanks for explaining that because once again I was connected to the VIP accounts that go daddy. I felt special. I was told by those people I was special. I had spent $30,000, but it wasn't very special when I needed to be told that I was not able to sell them and I was going to need to renew that for multiple years. And then they upped it from 30 grand to 360,000 and some of them they want millions of dollars for.
Speaker 9:Right now, like I said, go look up web three domain dot com and see what they're asking all right, I'm going to let you go and once again, customer services, everything and you guys being host, co-host, and everybody.
Speaker 2:All the speakers have had awesome customer service, so thank you all sorry for interrupting you, but your story in extremely inspiring and, like definitely resonates with why I'm in the space, so 100% for sharing. Also, you did remind me of something that I was going to mention months back but never got around to it. Yeah, the fun fact is, go daddy, cuss is real people. I remember one time calling in and once they heard of them I was calling in about my heart domains and dude, put two and two together, figured I was a demeanor. We had a whole different conversation that eventually led to dabs and talking about all that kind of stuff and him emailing me personally and the connect to give me a better experience. So that customer service does really resonates you with you. Go daddy, has been great with that. Sorry that they couldn't help that particular issue, but yeah, you reminded me of that, so sorry about that. Go for Chris.
Speaker 6:No.
Speaker 4:I was just gonna hit with the saying from Dr Maya Angelou people will forget what you did, but they will never forget how you made them feel. And the thing is that there are a lot of real people that are going to be entering into Web 3. So it would be tragic if we led with the technological aspect of things rather than the human aspect of things, and Top Hat has provided us a really clear picture of how domain names aren't this thing that investors get and somehow they become invincible and they're no longer people. Right, you get these names, and I'm with with Web 2 having this, this 1% sale through rate. That means that a lot of people are not selling names, so they're not on that end of hyper prosperity that they might come into Web 2 thinking about.
Speaker 4:Right, a lot of people have names that they've had to drop. They've had names that were taken from them. There's tons of stories, right, and we don't want to sit there and we don't want to harp on that, right, because it's a womb that's open and at the end of the day, when, when you got wounds and you're angry and you start thinking from a totally different angle, and we don't want to do that. We want to be productive, we want to move forward, and that's what Web 3 is allowing. It's a lot of people that are not selling names, and that's what Web 3 is allowing us to not only consider these possibilities, but expound on them, and I love that top hat stated that you know he grabbed a billionaires' names. And this is what I want to, and I feel that it's very important to keep this in mind.
Speaker 4:The registrars they have the names that they reserve, but that does not mean that their reservation process or their formula is ironclad, right. So the investors they're part to ensure that hey, you guys didn't catch this, but I'm gonna catch it and, with top hat, to have billionaires' names. He made a very good point about the fact that they're in it to win it. Right, anybody is a billionaire. They're in it to win it. I'm not speaking on their politics, their choices or anything of that nature, but we know that they go after whatever is in their best interest and for most people, bare bones, your name is your everything. But the fact that they're billionaires and the fact that he stated on the record that he's making these names available to them upon request, what I think that he's doing is that he's playing a very valuable role in eliminating a potential issue, because if you have individuals' names and they want them and they cannot get them and they have the money to fight a new thing, they will by all means do that and they will pull out all of the stops, which, in essence, makes it difficult for every one of us that are in this space that are looking to go ahead and do something revolutionary.
Speaker 4:So I want to tip my hat to you, top hat. Tip my hat to you, top hat. That's cool. I want to tip my hat to you because of the fact that you've taken the time to enter into this space and lay it out for us. We had no idea that you were gonna enter this space with this, and I think that it's been a privilege for everyone here myself. I heart to hear it and draw that correlation between real life and this digital world that we're helping sculpt. So just keep that in mind, guys. People will forget what you did, but they will never forget how you made them feel, and we want to go ahead and make sure that we lift everybody and everything up in Web 3.
Speaker 2:Also just kind of doubling down on that. I've been asked often what I consider to be building, because we often tell people you should build on your names. I consider that a form of building as well. If you're acquiring assets in order to help onboard people, in order to help spread this narrative, that is a form of building. We need all of that, just as much as we need devs that are building Dapps to use these domains, because the Dapps aren't worth anything if people aren't here to use them and if the right people don't understand how to use them, and I love that logic. Like you said, billionaires got to be billionaires because of investing. If you can make it make sense to them, then we could potentially get a lot more valuable contributors to this Web through domain space in the way that they know how to contribute. Go for it, victor. And then we are going to start to wrap up with some tools and then, yeah, that's gonna be it. Go for it, victor. You got your hand up, all right, and feel free to chime in and interrupt me if your mic starts working there for you.
Speaker 2:I actually did want to say something, but yeah, I wanted to wrap up the space, so I'm glad we got to dive in, like I said, into these particular naming systems, go through some of their, like I said, their top sales over the past 30 days. Also, some of the factors that I think will help each of these ecosystems grow individually. Wanted to just kind of wrap up with some of the things that I think will help the entire market, which all of these naming systems, and then the other ones that exist outside of this, will benefit from as we continue to move forward in this space. Some of those things that we've already discussed again, like the individual things that we can do for adoption, the different website builders, uis and all that good stuff. But even extending beyond that, we're seeing a kind of an uptick in new platforms that are popping up that are going to be creating marketplaces for selling domain names, and I think we need so many more of that. Right, there needs to be a diversity in marketplaces, because each of these marketplaces is going to bring a different consumer experience and UI with them. But as many outlets that exist for people to come and be able to purchase these domain assets, the better.
Speaker 2:Again, growth comes. Growth for everyone will come with growth of the industry. To think that you have to isolate that growth to your specific TLD or your ecosystem and everyone else fails will be beneficial is just ridiculous. If we're able to onboard billions and billions of people and 10% of those end up, you know, in your platform and the rest everywhere else, well, you still got that 10%, which was a lot more than you would get if you were trying to suffocate the space. So I think that we need a lot more marketplaces and onboarding points for people to purchase domains.
Speaker 2:I also think that the rise of lending and this is kind of going back to the loan East and specifically a platform called Teller I think we will see an emergence of more platforms like that that help people get liquidity out of domains without having to sell them. I think that is another thing that will help pump the market, because then it will incentivize people to park their cash in domains if they know that they can get value out of them without having to chase down an end customer. Just like with every other asset, you're able to buy and feel comfortable purchasing a million-dollar house because you could take a home equity loan out of it or borrow from it if you need it to use that capital for something else and likewise that's how a lot of investors expand their real estate holdings as borrowing on the ones that they already have. So that market, I think, will also bring a lot more attention and grow the space. In that way We'll start seeing bigger premiums.
Speaker 2:That justifies, right, the hundred thousand and two hundred and three hundred thousand dollar domain sales and it's also the reason and I think I've explained this before one of the big takeaways that I got from a domain or expo, talking with some of those domainers and asking them you know why they fade basically hand registeringcom as opposed to buying names for a hundred grand on the secondary market. Like I said, there's liquidity in those names and they know how they can get it out of it. So there's that part Also and feel free anybody if you want to interrupt me, I'm just kind of running through this to get through this but monetization of the Web3 domains so we touched on that as well. With parking, yeah, when that becomes an actual easy to do and enroll thing, when it becomes an easy to do process, easy for people to understand that if I buy this thing for a thousand dollars and I get and I can build this on it or attract these advertisers on it or set up this easy to click thing on it, and it can generate me five or six hundred dollars a month. It then also again justifies people putting their money in the space.
Speaker 2:That's how investing works too, by the way. So we're here as the people who are learning this from the ground level. We love the tech we want to build and there's a whole lot of value there, but investing oftentimes works blindly. People just want to understand how, if I spend money on one thing, it's going to return me more money back. And yeah, to be honest with you, as simple as somebody makes that for these Web3 domains, they are also going to be a humongous winner in the space. So once we start and again my opinion is that Unstoppable does have a very good head start Again, I have my ear to the street on what a lot of people are building, but I don't see everything. So forgive me if you are building a platform that offers the same thing or better, and I missed you, but they're the best example that I can give right now who are kind of on track for creating what might be a model for that. So looking forward to seeing more of that and then, lastly, more tools to find actual price discovery drive.
Speaker 2:Competitive price discovery and bidding, such as auctions and things like that, I think also will be another thing that brings more liquidity in the space.
Speaker 2:You know, because our space is so young, because a lot of these transactions, especially the ones that are on the upper scale, are, quite frankly, sketch, it really is hard to lock in and put a true value on these domains.
Speaker 2:We've spent this space really just discussing the values that we've seen over the past 30 days, but if we go back over the past two years, I mean there's ENS domain names as supposedly as sold for hundreds of thousands of dollars. There's unstoppable domain names that are one point. We're going for $25,000, $50,000 on their market and we need to get to a point and, like I said, some of that may even be a real. Whole lot of it to me is questionable. But I think to bring more trust in, like Top Hat was saying, you know the transparency, to make more people comfortable with investing in the space, we need real price discovery that people can trust, and auctions are a way to get that, because people can see in real time what somebody is willing to pay for something. So, yeah, go for it, name your tips and then we'll kind of wrap up the space, unless Victor does still want to speak because you're stopping at that.
Speaker 4:Well, I'm going to go ahead and I'm going to cap off the tools that you laid out with content, oh yeah definitely, I think, with everything that the guest says is wonderful.
Speaker 8:Yeah, I just want to say that we're here to contribute, we're here to build and if you'd like to see the domains that work for Web 2, you come up and you should just come over and check out and then we're heading out service credit. Whoever sign up to try our product to risk free, get your domains. Yeah, thank you for the platform, Marcus.
Speaker 2:Yes, sir, thank you again for being here and do encourage again, like I said, everybody to follow everybody. Everybody has value to offer and the space has value to build, especially if you're up here on stage. Most of you I've interacted with well, actually everybody on the stage I've interacted with before. So all great people and sorry to cut you off, Chris go for it.
Speaker 4:No, no, no, that was fine. I was getting ready to just highlight content, the power of content and how, when you attach exclusive content to these names and then you can give content creators exclusive exposure, I think that that goes far right. Website builders are going to definitely play a role, or content hosting platforms are going to definitely play a role in this, but I want to point I would just want to turn the microscope to something that recently happened on X with Mr Beast, the Mr Beast account. He literally sat there and said, hey, he put a video up right and said that you know, if this video got this many likes by this month, by this time he was going to give however many of his how many of the people followed his account this much money, and so on and so forth. For you all that are familiar with it, you know how it worked, but the point is is that he's someone that has not been leveraging a website or a particular domain name per se. He's been leveraging content, but, uniquely enough, what he did was he did it on a platform that he does not own, but I can guarantee you that, being a person of his caliber in the content creation space, I'm pretty sure that he was incentivized in some shape, form or fashion to do it. So I say this to you all you know, based on that, don't discount the power of getting a name and attaching it to a website that holds some type of content.
Speaker 4:When you think about parking, it's the same. You have the IPFS websites. You can literally attach a name to an IPFS website. Go to some of these companies and say, hey, for close to nothing but a little of everything, you can go ahead and have your website name or your company featured on this website. Right, most companies. They look at advertisement from the standpoint of how much does it cost and what's the reach in your response. Listen, the reaches. You are first, and the cost is it's not going to break the bank. This should be enough for you. And you know what, believe it or not, you shoot for 10, you're at least going to get two people. That's going to say, hey, why not give it a try? And then, right there, at that point, you have two parties that have bought in and to advertising on that particular platform for that particular name, and it will be your responsibility to scale that. So don't discount content, don't discount the website builders, and you all have been awesome.
Speaker 2:Absolutely, bro, and there's going to be a million ways to skin this cat and I love that you guys have done an amazing job of laying that out. And yes, content building is always going to be king and, yeah, we're making it easy every day. Like I said, we've got a lot of builders that are making it a lot easier to create that content, and as we continue to evolve and develop technology in the space and as we continue to make that easier for people to do that, the value of these things, like I said, it's it's going to dwarf what we're seeing today. So, and I'm saying that to say like, even though I'm still optimistic about the numbers that we're seeing, for anybody who's looking at these numbers and is like, well, you know, I don't know, really take that in consideration that we are so super early and a lot is being built again, like we're, we're trying to attract the sharks. We just now put some blood in the water to get them to come here.
Speaker 2:And once they come, they're going to bring a lot with them. You're going to be super happy with this early Go for a top hat, and then we're going to wrap up.
Speaker 9:Yeah, I wanted to add, just to let everyone know, once I mentioned that I owned, you know, 14 billionaires names or maybe more. I'd have to look at my records. It's important that you know. Everyone knows, that I'm not a lawyer, but I've also I'm here to let you know, explain my experience. Okay, so, since I could never find a lawyer to help me in this, I had to do a lot of research.
Speaker 9:So if anyone wants to buy names of people like this, they need to do a lot of research. You need to really, if you have a lawyer that can help you, that's always good. Anytime you want to do anything like this, I myself I guarantee that this space. We all recommend that you do everything 100% legally. You know this is not legal advice to anyone, but, for instance, you know, if a person purchases a celebrity's name and they live in the state of California, that's a felony and I'm watching people do stuff left and right and I don't think they read the law. Once again, I'm not a lawyer. This is not legal advice. But if you look up a court case involving Kevin Spacey, it set the precedent for owning people's names and, from what I read involving that court case, is that some guy in Canada bought Kevin Spacey's name and Kevin Spacey sued him for his name and it took a while, a long time, to rule in. The judge ruled that if he lived in California it would have been a felony, but he lived in Canada so it was not a felony and by law, the judge did not make him have to give the name back with a cease and assist. So the guy did not have to give Kevin Spacey his name, but he was not allowed to make any money with it.
Speaker 9:So it's important for everyone to know why I did this. Okay, because I don't want it to ever give the wrong impression and in this industry it is very important for us to put all the chips on the table and never steer anybody wrong. Okay, so the reason why I bought these 14 billionaires and a handful of movie stars, names and certain you know entities and companies and certain things, it was to give it to them. You know, by law I can't. I live in Montana, so I don't have the same laws that they do in California. Thank goodness it's very wild west out here, like I said. Okay, so it's important to know where you live when you buy these and I can't stress that enough. That's very important. You know, none of these big wig lawyers could tell me none of this. And I've read all the laws and went, wow, you know, once again, I'm not a lawyer, but from what I read, you know I would never buy okay, I would never buy a celebrity's name living in California, okay, so all these billionaires names I bought them to simply give it to them. I live in Montana.
Speaker 9:So, from what I understand, everything I have done was is 100% legal, because it's all about intention. What you intend to do with your domains is everything. It's the difference between trouble or not, a bunch of money or not. It really, really that is the driving force of this. So I did that to give it to these 14 billionaires, to raise awareness. And also, you know, I can't ask them to invest into anything I have. Literally, there's a thin line a person has to walk, because I didn't buy that to get them to be an investor, but I bought that to raise their awareness. So how on earth could anyone of you know anyone in your lives that can now go contact 14 billionaires and if they look at my property, I'm just simply going to tell them of what I own. This is what I have and what I've done, and it is a way for me to protect their name. They've never met me and I've already now protected them because it's theirs and I will transfer it to their wallet upon their request and it is a way for me to, you know, raise awareness and imagine if just one of them really decides that they like what I'm doing and that changes everything. It is very difficult to get investors in this world, so that was actually a way for me to have a double-edged sword. One was to well, you know, triple-edge One to buy their name, to protect it, because the algorithm and or people working at any platform should not have allowed these names to be released. But like I forget who it was out there.
Speaker 9:One of you mentioned that it's like impossible to literally go. I mean, think of all the names in the world. It's just impossible to go and secure every single tiny little one, all of its little hyphens, all of its little corks, every little. Instead of an E, it's a, you know, a three, anyways, but the bottom line is this do your due diligence, never be caught with, you know, like a deer in the headlights and never do the wrong move with this For many reasons. One, it can hurt the industry. If anybody, if people, start to do stuff with these domains and buying them the wrong way and doing stuff the wrong way, it costs. It takes away from our bags, every single one of us.
Speaker 9:So, you know people like me, I want you know people to understand that I've bought these names to just give them to them. And some of these are the most dangerous people in the world. They really are, and that's why I, you know truly, I mean, if not the most dangerous. But I also thought you know what? If your name is available, okay, I'm gonna, you know, buy it and I just want to give it to them and I don't want anything If they don't ever want to even look at what I have. If they just want their name and that's it, that's fine. It doesn't actually have to go any further than that. I want them all to know that that, that it's that's very important.
Speaker 9:But what happens is other people have bought these names. There's a lot of them, maybe not all, but they're you know, and I don't know their intention. It always makes me wonder. I'm like, okay, why did you buy it? Did you do as much legal research, as I did, and, like I, hope and pray for everyone. They know what they're doing. You know what I mean, and so by us educating each other once again, I'm not a lawyer and this is not legal advice and this is not legal advice from this space, but I'm just letting you know of my hard work, my intentions. You know I own CIAUnstoppable and I own FBIUnstoppable and I own NSAUnstoppable. Why did I buy that? Because I want an explanation from the US government as to why I was even able to and why they don't have somebody working on this. Literally, that is the reason why and it's available for them upon request, and so you know, once again, I bought it to secure it. I don't want somebody buying that and sending it to a wallet in North Korea right now. You know there's a lot to this. That, once again, is very deep.
Speaker 9:Do your homework, do your research, have compassion, be smart and try to surround yourself. That's why I'm so glad we're having this space right now. I've been searching spaces every single day trying to find people talking about web, three domains, web, five domains and there just isn't enough of it. I'm gonna try to start doing it here too. I have a lot going on, but I thank you so much from the host and co-host and everybody here and the speakers and all you listeners, you know and so, but remember to do your due diligence and, just because some lawyer says something or someone else, do a lot more work, because this is new industry and I've already told Matt and a lot of people they are gonna have to create new laws just for these.
Speaker 9:I'm kind of the only one that says that and the reason why they will is because they have an extreme, powerful utility. You know, you know that are very, very important. For instance, I own a lot of the most expensive places in the whole world and can accept payments in their city's names, and none of these countries understand it. Yet. You know that's a very magical thing. And now they just created group chats and I just found out last week I can now control all these chats in all these cities I went and bought.
Speaker 9:I always knew deep down on my soul that cities are everything, because people's families will live there for everything. Names are everything, and where you live is part of your, your blood, your heritage, your. It means more than money. That's where people really start to spend. The money is when they're family. They're from a neighborhood. You know I own all the most expensive neighborhoods in all of Minneapolis. Why am I best friends there? I did a lot of music out there. I'm a musician of you know, 30 years and I, you know it was a way to dig into that. And so when all these people figure this out, names are everything.
Speaker 9:But do your due diligence buying a trademark? You can't do so, you're gonna have to just give that to them If you ask money for it, that's cyber squatting and that's a felony. That is what I have read, understanding cyber scouting. And then and it all depends on the names, you know, it depends on the companies and how you did it and whether it's ever been, you know, ever, you know, hand registered.
Speaker 9:There's a lot to this, you know, and I'm not giving anybody any legal advice, but I've done a lot of research and major companies names. I've learned personally that I want to stay away from. I'm not gonna go buy Disney necessarily, but if I own Disney Cruise Go, I can operate that if Disney gave my company's permission. If not, I just give it to Disney, okay. So that's in all of my. That's the magical thin line.
Speaker 9:All right, and once again, I'm not a lawyer. I might be wrong on a lot of things. If any of you ever know more than me, I understand anything you say to me is not legal advice, but what happens is. It's so important for us to be aware. You know, we really need to be aware because I'm positive that there's people that have bought names that could cause them trouble. You know, whether they just get a cease and assist letter, that's another thing. You know it depends on where they're at and everything. So if you're ever buying any anything like this, be, you know, very smart and do the right thing. And once again, you know I wear my heart on my sleeve. I'm just gonna give this to these people. I hope they're not offended that I couldn't buy every extension for them, because I've really done a lot of research. I'm like, well, why would they be mad? And it's like, well, they're very wealthy people and me I'm not.
Speaker 9:When I bought this you know I'm a stomach. I'm a single dad of three children daddy took every penny he could to try to secure their name. It's part of the movie, it's part of my story in my book. So, please, everyone, if you ever hear me doing anything like this. I'm doing the best I can with what I got where I'm at, and please don't anybody do anything that could possibly get them in trouble or anything like that. So that's. I had to add that because I just mentioned that I'd bought in 14 billionaires names and it's really important for everyone to know my intention, because if I intended to sell that to them, that's trouble, that's trouble for me, trouble for the space and nobody needs that. And anyone's cyber squatting on a bunch of names in the wrong manner, whether they're actually legal or not, let's say that it creates bad publicity and the people with all this money can put it in the news and and run it through the dirt.
Speaker 9:You know and I know that there's a lot of different ways to go about this, that an all-fair likeness.
Speaker 9:When people buy things, an all-fair likeness, it's different, you know. But at the same time, if it's never been registered and it is something major like Disney, I would stay away from it unless it's done right, like I mentioned. You know what I mean, especially people's names. There's the movie star law in California, you know they have the celebrity law is what it's called. And that's where I dug into this and realized, because I was gonna buy celebrities names through comms and I didn't know and that literally could have been you know trouble and I wanted to give some to some. I wanted to give it to the price they gave it, I wanted to just, you know, interaction. It's really hard to talk to billionaires and movie stars if someone was like well, why are you doing this top-at?
Speaker 9:well, that's why you know, trying to trying to find my moment in life and and that's what this is. So, but whatever everyone does, do your research and if I'm ever wrong, I'm always happy to have someone tell me. I love education, I love learning and I want to know what's right. Any advice that anyone gives me I appreciate, but please do your due diligence and everything I said. I could have been wrong on a lot of it, but I did a lot of reading over these years, looked at a lot of court cases and a lot of things and a lot of names and a lot of people own names and stuff that they don't realize, that they don't have a legal standing with. You know, for instance, you know Donald Trump went and trademarked Central Park. Well, you can't do that. That's a municipality in the city of New York has let him know that they own the logo insignia of Central Park with a little leaf under it. So if he was to try to go and use legal ramifications because some lawyer took his damn money and hosed him, in my opinion, because it's Central Park, it's worth 42 trillion dollars. It's the most expensive park in the world. So like there's things to all of this that everyone has to dig deep, deep, deep into. So when I went and bought Central Park, I knew that it's a municipality, so I go from that standing. Would I have to have a team and would we go to our bouts one day? But yes, and it's his fault that his team wasn't smart enough and he didn't hire a web3 team to go in and buy that he needed to and any other one.
Speaker 9:Now, once again, that's politics, that's one person and I don't care about politics. I'm angry at both sides and all of it. I think our entire country is an engine that's broken, that needs an overhaul, like the pistons are broken, everything you know. That's my opinion, so I'm not trying to get political. What happens is I simply bought, you know, central Park, dot nft and owned dot Central Park.
Speaker 9:So I had to do an overwhelming amount of research. Everybody has to do an overwhelming amount of research, in my opinion, to feel safe and do it right and understand what they're doing and what they're up against and everything involving it. So please, everyone, be safe, be smart, have good intentions. I wear my heart on my sleeves. If you asked me about anyone of my 1500 and 63 properties, I'll tell you why I bought it, my intentions, everything, and I hope that I was a little bit of help for some people, and once again, I could be wrong on just a few things, but I've done thousands of hours of research, I've had to, you know, in order to do this.
Speaker 9:So, please, everyone, be safe and do a lot of research and do research. You know, sometimes before you click, I know that these get gone before anybody else, but I'd hate to see anybody do it wrong, because I want all of you to succeed. So thank you very much. And, once again, this is not legal advice. I'm not a lawyer and this space, as far as I'm concerned, is not condoning any legal advice at all, in order to make sure this is a safe space and this is a place where I'm just top hat botanists explaining my experiences and my research and my education as a journeyman Web 5 brand strategist. So I'm gonna leave everybody at that and I really thank everybody for everything they're doing. Thanks, guys.
Speaker 2:Yes, sir, you actually set it up perfect to exit the space, and I'm gonna get to you, kaiguiya, if you have anything brief to say to end. But I do want to remind everybody is, as you kind of went into detail about that, this space and the things you heard in it are not financial advice. Please always do your own research. We hold these spaces for educational purposes and they're meant to help you to discover more ways to again learn how to build and grow in the web through domain and in technology space. So did want to put that disclaimer out there. Go for it, kaiguiya, and then we are going to close up appreciate you 2024 mom.
Speaker 3:The mentality all year long rest in peace, kobe Bryant. Yes, sir, yes sir, great words.
Speaker 2:Well, yeah, really, really, really want to thank all you guys for, like I said, a very informational and in-depth space, certainly tons of value for people to get here. I did not know that this space is gonna go this long when I first started it and I'm surprised it did and I'm so glad it did. Obviously, there's a lot of interest in finding out and discovering the value these domains. A lot of us have a lot of input on what we think is gonna add to that value and it's and again, these spaces are meant to help put this out here, to educate not only us right now, in the moment, but the ones that come after us to understand why the industry is going to end up and be built the way that it is. So thank you guys. Once again, thank you to everybody that's come up. Thank you especially my co-host, chris, for always being here, providing some great dialogue and helping make the space what it is. For those of you again that want to listen back to it, the recording should be still here available on Twitter, but for your convenience, we also upload all of our content onto our website at I heart domains calm, where you will find a blog recap of the spaces, as well as an embedded player to listen to the spaces back in its entirety, and it's also available in podcast form on Apple, spotify and all the major podcast players.
Speaker 2:Again, a lot of what we talked about today I'm sure we're gonna touch on again in the AMA with GBM. That AMA is going to be going more over their mechanics and them as a company with their brain to the space. Their auction model is, again, very unique and very helpful to our spaces. We're digital, dealing with digital assets to interact on the blockchain. It really is important that we have auction mechanisms that work the same way. So, yeah, they excited you to dig into that. But yeah, look forward to seeing you all again on Friday. Thank you for attending our I heart domains tech talk and, yeah, it's been a pleasure, as always. Thank you all again. See you later.