Embark on a transformative exploration of decentralized platforms and digital identity with us, where the buzzing excitement of Farcaster's potential meets the grounded wisdom of time as currency. My co-host Chris and I navigate the thrilling prospects and the cautionary tales, casting a light on the evolving nature of Web3 Domains and how they're reshaping our digital interactions. If you've ever wondered about the true value of your online engagement and the revolutionary changes emerging in the digital space, this episode offers an eye-opening perspective.
We peel back the layers of Farcaster and Warpcast, drawing comparisons to familiar infrastructures, and break down the complexities of blockchain applications like Warpcaster and Farcaster. Whether you're a seasoned crypto enthusiast or new to the blockchain realm, this discussion demystifies the architecture and gas fees associated with these platforms, setting the stage for a more seamless user experience.
Step into the practicalities of managing digital assets in the blockchain era; from securing your Farcaster ID to mastering the art of cryptocurrency airdrops. The conversation shifts to the social dynamics of these platforms, where a tipping culture blooms and generosity equates to tangible value. As we conclude, you'll realize the vast opportunities for innovation and community support that exists within the crypto space, making this episode an essential listen for those looking to navigate and shape the future of online connection and interaction.
Embark on a transformative exploration of decentralized platforms and digital identity with us, where the buzzing excitement of Farcaster's potential meets the grounded wisdom of time as currency. My co-host Chris and I navigate the thrilling prospects and the cautionary tales, casting a light on the evolving nature of Web3 Domains and how they're reshaping our digital interactions. If you've ever wondered about the true value of your online engagement and the revolutionary changes emerging in the digital space, this episode offers an eye-opening perspective.
We peel back the layers of Farcaster and Warpcast, drawing comparisons to familiar infrastructures, and break down the complexities of blockchain applications like Warpcaster and Farcaster. Whether you're a seasoned crypto enthusiast or new to the blockchain realm, this discussion demystifies the architecture and gas fees associated with these platforms, setting the stage for a more seamless user experience.
Step into the practicalities of managing digital assets in the blockchain era; from securing your Farcaster ID to mastering the art of cryptocurrency airdrops. The conversation shifts to the social dynamics of these platforms, where a tipping culture blooms and generosity equates to tangible value. As we conclude, you'll realize the vast opportunities for innovation and community support that exists within the crypto space, making this episode an essential listen for those looking to navigate and shape the future of online connection and interaction.
you, you, you, you, you, hello, hello. We are going to get started in just a moment. If you guys please do me a favor, like and retweet the space. Let's get this shared out. I actually pinned a couple things at the top of the space as well, so I'll be referencing that and, yeah, this should be a good one how you doing today, chris.
Speaker 2:I'm doing well. We're going to be moving into some forecaster today.
Speaker 1:Yeah, this is going to be fun. You know, a lot of people who are connected to the circles that I am have heard me be pretty vocal about it and felt like kind of owed this to everybody to share the news and if you're not already interacting with it, you know, hey, if our space leads you to it, then we did our job. Well, as always. You know, not financial advice to do your own research, but hopefully none bad apps to you over there. But yeah, I wanted to, I guess in my perspective, as a lot of others have done on their spaces.
Speaker 2:So yeah, it's a new, you know, by being a new platform, and social media is due for an overhaul and there's a lot of talk of decentralization and digital identity. I think people are looking towards what's going to be the next best opportunity in all of those spaces and forecaster is to talk right now.
Speaker 1:Yeah, there's quite a bit to it and being it's not even really a new platform, but because it's getting this new attention, you know the founder is treating it like a new platform, which is, I mean, that's bullish. He's listening and so a lot of different ways it can go. And when we talk about, you know, evolution and kind of the use case for a lot of things that we're involved in now, you know this might play right into it. So, you know, hopefully diving into it makes that path a little clear, at least from where I'm seeing it, because, like I said, I'm bullish. I'm on forecast every day. Now I see the potential.
Speaker 2:Yeah so and I think that's good because, you know, on my end I think that I'm watching right, I've looked into it, you know, started an account. I haven't really dove in because I think, you know, with a lot of people just kind of like launching new things, we have to keep in mind that our time and our attention is a form of currency. So for me, I just kind of like to give it a little bit of room, because we know next week there's gonna be a new one in a week after that. So you know, it's good to have these types of spaces to be able to unpack what's under the hood, or at least what we see and hear about, and then be able to make a more informed decision about, you know, what we give our time to.
Speaker 1:Yeah, see, that's the other part too. I feel like people are feeling that way and that's probably why I faded it a little bit at first, because, you know, other than the big platforms that we're used to, it does feel like everything else is popping up. It's just another thing that's popping up. But you know, every now and then and this is, you know, this might be the case Sometimes it's something real right. You know, we had to. We were used to Facebook before, we had to get used to Instagram and then Twitter, and then you know TikTok and all these other things that came. So there is room for platforms that have the type of growth if they're addressing a need and if they're, you know, getting the type of adoption. Obviously that's necessary, which, yeah, without further ado, because it seems like we're about to dig into it.
Speaker 1:But of course, I do want to get into some of our opening news and announcements first. So, as always, do want to welcome anybody who does want to come up and speak. Feel free to request a speaker roll again as you guys come into the space and please do me a favor Like and retweet. Let's share this out, this outfit. You never know what it does for somebody. Somebody might get an airdrop. It's worth a couple thousand dollars, change their life because it's something they heard in here. So all you have to do is share it out, to get the word out. That is free and without further ado. I think I'm going to go ahead and get started.
Speaker 1:I want to welcome everyone to iHeartDomains and our Tech Talk Spaces Now, where we discuss news, innovations, education and alpha in the Web3Domain technology and digital identity space.
Speaker 1:We are your one-stop shop to discover, learn, buy, build and eventually sell your Web3Domains or digital identity assets, with a focus on integrity and education. We are here for the long haul and you should be too. As always, our Tech Talks are recorded and you can view our content archive at iHeartDomainscom and when you're on there, we always post our Tech Talks there with a blog overview. So if you short on time, as opposed you can easily read the blog or you can listen to these recordings actually native right on the website, so you don't have to download anything or go to any additional app. But if you do have a favorite podcast app, most likely you'll be able to listen to it on there, because we are on every major podcast player, including Apple and Spotify, and you can find us easily at TechTalkshost. And, yeah, as usual, extremely grateful and honored to have our co-host here today. Chris with Namertips, go ahead and say hi to everybody. A little something about yourself, if they don't already know you.
Speaker 2:Yes, for those who don't know. Hopefully all of you all know by now.
Speaker 2:Hi I'm Chris. I'm the Strategy Director for Namertips. I do have the privilege I say it every space because it is definitely a privilege to be here in these Tech Talks and be here with you all and really just unpack a lot of what's going on in Web 3, without all of the noise, without all of the bias, and really just see where we can all contribute to this space going together. So it's going to be a wonderful one. Like usual. You are in the room with some genuine folks don't know where you're going to be after this, but you're here with them now and let's get into it.
Speaker 1:Yeah, as always, great for to have you here.
Speaker 1:Your perspective really draws out a great conversation and looking forward to having one today. First, I want to start with some opening news. So, again, please refer to the stuff that we pinned up at the top. We're going to reference that several times during the space, but the first thing that you probably will see pinned up there, aside from my farcaster link, is the recent announcement that we just made on the auction. So the submission period is officially open, meaning that we have reached out to the people that we have been in communication with since we had first made our announcement and they are now starting to submit their domains to be entered into the auction. So, yeah, fun period right now.
Speaker 1:This is a very exciting time for us. We and both us and GBM and we've been talking for quite a bit since we made that announcement Very excited, looking forward to a very successful auction, the process moving forward. So right now, the people who are submitting their forms are now submitting also their assets to our auction asset, or what do we call it, the auction wallet, which is actually our cold wallet that stores the LP for our vault and our Treasury. So once on Monday we have another meeting with them, we're going to do one more walkthrough. I'm going to upload one of our assets into the auction platform, run a test, make sure everything's going good and then, yeah, we're going to start uploading the assets one by one, setting the timer to start on March 1st for each one of them. Everyone who has submitted their form has submitted the specifications that they want to list them with, so we will open all of the auctions at your minimum open and, yeah, very much looking forward to this successful auction. Some great names have been submitted so far. You guys have got some grails out there, so can't wait to help you get the most value possible from them. So, yeah, and again, if anybody is interested in submitting.
Speaker 1:So a couple things that I want to put out here. First and foremost, if you did receive one of these links, whether you chose to participate in the auction or did not choose to participate please do not share this link or the form with anyone else. I am not going to accept auction items from people that I did not invite to participate in the auction. If something does end up in the wallet and I do not know where it came from or did it came unsolicited I will send it right back where it came from. So please only submit what you've submitted on the form and please do not share it to anyone else, because the spaces are limited. We can only take so much inventory. So just wanted to put that out there for everybody. And, yeah, like I said, extremely grateful.
Speaker 1:A lot of people from the UD community have participated in the auction and I'd love to see the whale stand up. So, yeah, really high for this one and again, if any of you guys who currently submitted anything or if anybody is interested in submitting something, you can feel free to reach out, dm me anyone who's already submitted. If you want any additional information on the process, I put the link to schedule consultation so you can always set up some real time with me to sit down and talk. But yeah, other than that, we are rolling as expected and this kind of rolls into my next announcement as well. So the next announcement is that I will be going to Eve Denver and this is something I think you guys probably already knew. I had made a tweet about it a little bit earlier last week and I think I may have even mentioned in the last spaces. But, yeah, going to Denver, I'm gonna go out here for those of you who don't know what Eve Denver is. It is. I'll go for it, chris.
Speaker 2:No, I was getting ready to say not only are you going to East Denver, but we'll be at Eve Denver too. So we're gonna make a thing of it. But yeah, let everybody know what Eve Denver is.
Speaker 1:Yeah, actually extremely excited about that as well. So, and I'll touch on that at the end but for those of you who are unfamiliar with what Eve Denver is, it's probably one of the largest social gathering and blockchain conventions in North America at least, or maybe even the world. It's held in Colorado, so it's held in Denver. That's why it's called Eve Denver. It is primarily an Ethereum ecosystem conference. However, do not let that deter you, because there are a lot of ecosystems that show up there outside of Eve. For instance, binance was there, solano was there, magic Eden was there. A lot of the Dexes and things like that are there. A lot of news and new products and new product launches and things like that are launched there. So, very big event.
Speaker 1:I think I had mentioned before, I was originally not gonna go, just simply because it's gonna be smack in the middle of me trying to get this auction together and just coming back from the Grammys Still have a lot of a ton of work you know to do based off the results of that. But not only do I did I choose to go because I still want to go, definitely don't want to miss out on, like I said, all that stuff that you could. That's a benefit of going to the auction, like that's all stuff that's beneficial to me. But it isn't of that. It actually kind of helps me strategically network and get the word of the auction out. So I'll also be hand-to-hand inviting people to participate in the auction as well, so that kind of actually works out perfect timing. I'll be out there until the morning of the second, so the auction will start on the first and then on the second. Hopefully I can drive a bunch of people to it and, like I said, make this the success that I know that it will be.
Speaker 1:So, yeah, if anybody is going out to Eve Denver, it doesn't matter what tribe you're from. If you know me, you know I get along and love everybody. Please feel free to connect with me. Let's build, let's talk, let's look at what you're doing. Let's let's connect any way that we can build, any way that we can help each other. Of course, you know that I'm here for again and now coming back to you know people I'm definitely excited about meeting. I'm looking forward to meeting, meeting you, chris, meeting some of the members of your team. It's a Eve Denver can also be a very great place to bond with people because they create a very good atmosphere and a lot of fun stuff to do. That's, it's all curated by you know. The different sponsors and brands are there. So, again, pretty good time. The tickets are free. You may still you should still be able to apply for one. So, yeah, just gotta get there by place today.
Speaker 2:So, yeah, looking forward to seeing you guys there, if you're going yeah, yeah, yeah, I actually I think that it's really important you know, never been to East Denver, but definitely have done a little bit of homework on it right and recognize what it means for the space in general.
Speaker 2:And I think that definitely, if individuals can make it out, you know it'll be good to get in a room, because I think when we talk about the technology a lot we speak about it in passing and you don't really get to know the people who are playing a role in facilitating its use and the marketing. I think it sounds like one of those events that you can really have real conversation with people and get some clear answers about where some things are headed and then, at the end of the day, have some discussions with people about what it is that you and your side are bringing to the table and maybe even collaborate on some things and then come back and share with you guys and, you know, help you guys become more bullish about what's to come, because you know in the bubble that we're in there's only so much we can cycle.
Speaker 2:So we got to go ahead and venture out and show people what's possible outside of what we discussed.
Speaker 1:Yeah, also, what other piece of advice bring an extra bag with you, because there is a lot of swag, like last year, I had to pack another bag. Yeah, it was crazy. I ended up with like maybe 30 or 40 something beanies, which is also extremely useful, and it's cold. It is very cold and you're gonna want to take a beanie and they, very appropriately, were giving them out for free and I got some actually some pretty girl beanies, got some Namer beanies.
Speaker 1:Yeah, I got the ENS beanie, which is what's just supposed to, I guess, just be for staff. But you know, hey, I got my hands on one, so I might be rocking that, are you?
Speaker 2:are you saying that there's gonna have to be another closet carved out? Is that much stuff? Is he even giving out?
Speaker 1:If you go around and you collect it all. Yeah, there really is, and some of it okay. So before we get it to the subject, let me just talk about the bull, my bullishness on Eve Denver swag, because it's if you go to enough conferences you start to rank them based on certain things, right. So you start to rank them based on, like, the side events, because some have better side events, the other some just don't have any. The biggest conference that I think I would probably that I go to personally, because I think some people go to like NFT LA or NFT New York. I don't go to those. But the biggest conference is that I go to like consensus, and then you know here and so that's usually what I put them up against.
Speaker 1:And when it comes to side events and swag, I think I got to give you them for both. The side events, they you have the same corporate ones right that are run by you know the typical people like who is, it doesn't matter, the big corporations are still running them, like the Dexas and stuff like that. There's some of that are even hard to get into. But then you have a lot of community based side events and those ones are really good because that's where you get to have those conversations like you were talking about and network with real people that are in the reals communities building stuff. But I don't have to swag that.
Speaker 1:The difference in the swag. They were giving out like a lot of hats, t-shirts, some bags and stuff like that at consensus, but at Eve Denver they were giving out whole sweatsuits to the people from Lens. They were giving out like yeah, like full hoodies with broideries, like that some of the best, really the best swag. And actually I think I won a whole pair of headphones that I gave to my daughter, a pair of wireless headphones. It still works, still use them. So, yeah, there there's, but you got to come early, right, because, like I said, a lot of people go there and they know what's there, so some of the swag can be a competition to get, but you've got some great brands. The answer yeah, you'll see.
Speaker 2:Like I said, just bring it back yeah, okay, yeah, I'll make sure I bring a bag. I think, at the end of the day, there are gonna be a few individuals that are gonna, you know, value those keepsake seeing we bring back to New York City, so I definitely take advantage, but yeah, yes, sir, all right.
Speaker 1:Well, yeah, let's get into this main topic. So, again, if you guys could pay attention to what we've got pinned up at the top, I have pinned both our forecaster handles. So if you already are on forecaster, please connect with us. We'll follow you right back. If you're not already on forecaster, that link right there will actually get you 50 warps, which is the end forecaster currency for signing up, depending on the jurisdiction and I hope I'm not speaking wrong, because when I signed up there was a fee, but a lot of people are saying right now that there isn't a fee to sign up. So, depending on your jurisdiction, might be free to sign up. Then you get your 50 warps. So I posted that link up at the top. Once you get in there and connect with us, we do have a group called the web three domains group. So, yeah, go ahead, join that group, for those links are there. But, yeah, what is forecaster and why it's bullish for web three domains? So, yeah, the hottest thing on Twitter lately has actually been a completely different social platform, as you can see by the title, and if you follow me, you've heard me repeat over and over again the name forecaster and I felt like it was time to finally do a space on the newest trending social media platform, so today we're gonna dive into what it is exactly, why I'm so bullish on it, how to use and navigate it and, lastly, how we can grow and build our networks together. Again, I see a lot of people in the audience and you absolutely don't have to, but if you do want to come up and request a speaker role and join the combo, please feel free to send me a speaker role. I'll let you write on that, especially if I'm saying something wrong. Get up here correctly. This is what we do. We built together. So, yeah, without further ado, let's get started.
Speaker 1:Question number one is a what is, or what is forecaster or workcast, and this is something that I kind of also wanted to clarify, because you'll see both of these names and it could be confusing as to what these are. And I'm gonna paraphrase something that I heard Dan say himself, kind of as an analogy to what this is. And for those of you who don't know Dan and I think that Dan Romero or something like that he is the co-founder of Farcash and he's been quite busy doing, you know, his rounds of the media and spots on YouTube videos and stuff like this. So plenty of him out there if you want to go watch it. But what he explained, or the analogy that he gave, is that far caster is like email and Gmail at the same time. So infrastructure, and then, of course, the, the platform that on boards the customer. So email is an infrastructure. It's I mean, no one knows who owns email it's, it just works and anyone can build an email platform or client on top of it and then issue names or become a registrar bed. So, however, that works on that side, if you get my point. The email itself, the network, would be an essence to centralize. And then the platform that's allowing you to register your email address. That's gonna have its rules and regulations and you're gonna use your name and password to access it, etc. And it can turn yours off right. Well, this is kind of how the far caster, what this is exactly how the far caster workcast relationship is set up.
Speaker 1:So far caster is actually a social graph. It is, for those of you who aren't familiar with a social graph, picture lens, cyber connect we've talked about it quite a few times that these are kind of blockchains. With them, blockchains or internets on top of a blockchain that allow you to interact and store basically your content in a decentralized way, and then other applications that are built on top of that or within that social graph. Those things that you've created in those relationships or whatever assets, are interoperable between them. So that's how lens works and so cyber connect works, and that's essentially what far caster is, and I believe and correct me if I'm wrong but the majority of what we're doing on there is I don't know, I thought I heard Dan say that it was built on optimism, but the majority of our interaction you're on base.
Speaker 1:So for, if you want to relate it to something, for the most part, to understand where most of the projects on this platform are, I would say to call it a base project, to call it a base, base based, that's base based, base based social graph.
Speaker 1:Okay, so now, with that being said, they created the social graph. This is a decentralized part, so anyone can actually build an application on top of our caster. Just so you know more, cast is now the application that they built, the social application that they built, which is a centralized application that we are interacting with now, and I wanted to clarify that difference because most of us are interacting really with far caster except through our interactions with forecast, almost everything that I'm going to be talking about in this conversation. The user interface that you're going to use is workcast, but if you ever hear me say far caster, that's what I'm referencing. So hopefully that makes sense to everybody. I see that we do have a couple people on stage just wanted to see how do you guys you don't have to say anything if you don't want to, but if you do, go ahead and say hi.
Speaker 2:Cool? I hope no. I was getting ready to say hello to you all and I'm glad that you drew the distinction between warp, caster and far caster, because for most folks who are new to it, they're going to hear caster and say, okay, well, I don't know, is it a far or warp? But I'm glad that you broke that down because, individuals, there's a real open source, a heavy open source component woven into a lot of web 3 and decentralized projects, and I think that as time goes on, there'll be more and more people that are recognized or come to expect that there might be an element like that that exists with everything that they engage with, and I think that this right here serves as a great opportunity for them to be introduced to that. So I just wanted to tip my hat to you on the highlight.
Speaker 1:Yeah, I appreciate that A lot of what I say is going to start kind of like bleeding into each other, which is what it's meant to do, but there really is a lot to this ecosystem that I'm extremely bullish on. There's a lot of components to it that I think proper understanding will make other people potentially bullish on. I've kind of created my own little tribe of people that I brought over to Warp Caster with me and a lot of the questions that they have hopefully I can also answer right now. I know Mike's up here on the stage and definitely hope that we're able to clarify some things for you soon.
Speaker 4:Yo, yo yo. What's going on people, How's it going when? Yeah, man, when it comes to I don't know simplifying things, I need it really simple because I bounce from a lot of projects, a lot of things going on. It's not user friendly for me. It might be user friendly for you, but it's definitely something that I'm going to have to learn. The problem is all those links that I click on. I know you say don't click on the external links or be very cautious. All the links it says yeah, click here to min, or whatever the hell it's saying, I click on it, the ones that you share in the Alpha group, and it just doesn't do anything. Or it would just say like, need to reload the page. Hello.
Speaker 1:Yeah, just you broke up for just like five seconds.
Speaker 4:Yeah, so sorry, someone just called me. Yeah, so for me and I know you're saying that you've tipped me and you can tip people I don't understand it, because where does it say you've been where you've tipped me and where does it say I can tip you back? And it's not simple, I don't know. I'm going to help you out with that I'm going to help you out with that.
Speaker 1:All right, and this is taking us back, and that's why I'm going to break this kind of down in the section. So back to the technical part. Did you first? Did you understand the distinction between far caster and warcast? You're signed into an app called Warcast that is built on top of a social graph that's called Far caster. You understand that part, yeah yeah.
Speaker 1:Okay now, with that being said, this thing every interaction that you're doing is connected, so sorry, it's similar to when you remember when we had like oh my mind's gone blank MSM Messenger.
Speaker 4:So you had your obviously your hotmail account and then you had the MSM Messenger where you could message people and send bits and pieces. It's similar to that sort of thing, right, or am I?
Speaker 1:wrong, right? The difference is what you're able to send and receive here gets stored in the decentralized wallet that's created on Far caster. Now, to answer probably your big question, I'll get into it a little more. When I talk about, like the airdrops and how to claim them, what is the one thing that you need anytime you interact with the blockchain? Gas, and so that is probably what you're missing, and why are you not able to get most of the things that are on there?
Speaker 4:But they gave me some of those warps for free. But maybe they're not enough. I need to buy some Great meaning to have problems with my coin base because I've got a couple of email addresses and, yeah, I need to sort that out. But yeah, I've got some warps or whatever they gave. They gave you. They give you some free when you sign up, guys. So if you didn't know that, they give you like 50 or something for free, so I thought I could pay with that.
Speaker 1:Yeah, you can on a good amount of the minutes. Depends on how they embed within the app itself. Some of them will. Most of them will let you pay with warps. Usually it's a lot more than 50 warps, though it's usually around the 300 to 350 range. It actually comes out cheaper to just fund your wallet with gas on base, which is Ethereum. On base it comes out to right about $2 warps converts to $500 warps is $5. So whatever that converts to, I'm going to say it's set. Is that a set? I guess it is a set, so about a penny each. So if you're paying 350 warps, it's about $3.50. It's supposed to take like $1.97 if you just meant through your wallet. And, like I said, when we start getting kind of in the how these work, I'll explain more how that process works. So hopefully we get it and hopefully I can cover all the bases. Go for it, chris.
Speaker 2:Yeah, I just wanted to add a little simple example in there. So you talked about being able to build a top forecaster, correct?
Speaker 1:Yeah, it's a social graph. You should be able to build applications on top of it.
Speaker 2:So in this case, forecaster will function like the engine and then a Warpcaster would kind of be the car itself, right, and just like you have. You know, bmw makes a car right, just like BMW, for instance, makes engines. They don't just make engines for their vehicles, they also make engines that can be found in other vehicles and that would be kind of like forecaster being able to be used to create other apps outside of just Warpcaster, correct?
Speaker 1:Not really, because, like when you say engine, I guess an engine goes in something right. These are just built on top. So, like even right now with Lens, I can't really talk about the Lens ecosystem because I ain't in it. But let me talk about CyberConnect. So CyberConnect is actually kind of set up exactly the same way. Cyberconnect built the CyberConnect social graph, but then they also built Link 3 at the same time and when you go to CyberConnect it pretty much natively takes you into Link 3. You can't tell the difference between the two and that's where when you build your decentralized Link tree, like the one that's inside of my profile, that's all Link 3, which is built on type of the CyberConnect social graph but also built on top of the CyberConnect social graph. I mean, there's mirror on there.
Speaker 1:There's other applications that are completely complete, ecosystems that are just, and those ecosystems are attached not only to CyberConnect but mirrors, attached also to Lens. It's attached to multiple. So they're they're just bridged on these, these social graphs that allow you to connect to these other services, because you're on the social graph. So it's not like it's in it like an engine. These platforms don't need the social graph to survive. Their, their own platform. They just built on the social graph or on top of it so that you can interact with it. So that's what I'm saying. Like, their workcast is its own thing. It's just built natively by the same people who built for our caster, just like CyberConnect built link 3.
Speaker 1:Okay, okay, got you a follow copy and so like in and same thing. I've wondered which I mean I don't know if this will ever be the case, but same thing with link 3. Like, I interact with link 3 almost every single day. And what if somebody built something better than link 3 on CyberConnect? Will everyone leave using this link tree to go? So that's, and that's further speculation. But for right now, you know, most people are going to onboard, just like they do now with with the first native application that's built on it.
Speaker 1:In this case, it is workcast, also on top of building on top, and this is something awesome that we'll talk about too, about, you know, something that workcast is enabling. It's actually enabling people to kind of build like many projects or many D apps within it, which for most people, may be a solution. That that's enough that they don't have to develop something completely different, you know, with its own UI and all that good stuff, and that's with this new thing they have called frames. But yeah, I wanted to. Hopefully that answers the questions you guys have before I keep going.
Speaker 2:Well, we have it on the chalkboard right now Warpcaster forecaster and frames and social graphs.
Speaker 1:Keywords yeah, yeah and it's. It's a lot to take in, but it is very simple, and what makes it simple really is the UI. So, for those of you who are just coming into the space, first of all, thank you and welcome. The space is about Warpcaster, which is one of the hottest new social media platforms. It's really been out but it's gained a lot of adoption as of late, especially with crypto, twitter, talking about why it's bullish for WebView domains. But right now we're talking about some of the technicalities and how it is set up. And, yeah, we're talking about Farcaster, warpcaster. We'll get into the frames. But, yeah, one of the other technical things that I wanted to talk about. So, again, social graph. Basically, you say social graph built on base there. It may be built on another blockchain. A lot of the block, some of the other things that you'll see kind of connected to it. You'll see Zora a lot. Zora is a minting platform. It's also a chain, but I haven't bridged anything over there, so I haven't had to do anything on Zora yet, but that's also connected to it as well as arbitra, but for the most part, almost everything on there is base.
Speaker 1:Now, as I said, when you create a Warpcaster account. It sets up an account and sets up a wallet on Farcaster A couple of important things about that. When it creates your account, it also creates an FID or a Farcaster ID, which is the centralized asset. So that is something that is separate, or something that you can actually sell and, I guess, generate another one of if you want to, but that's the decentralized asset that you have. Your username that you use to interact with people on the app Warpcast itself is a centralized username, just like it would be here.
Speaker 1:But, as I said, going back to the wallet thing, one of the first things that you should do when you set up one of these accounts, so that you have full management over that wallet, is you can actually go into your Warpcast account.
Speaker 1:You can go into the settings. If you go into Advanced, you can actually request your seed phrase and it gives you a 24 word seed phrase. I would take that seed phrase and I would plug that into a wallet that you are used to interacting with. So, if you like to use MetaMask, if you like to use Rainbow, if you like to use Trust, whatever you like to use, because you're able to use this wallet that they create for you and anything that you meant from within this app that shows up in that wallet. You're able to interact with it, ship it, move it around, send things to it all of that stuff just like any other wallet. Also, if you're interacting with things that like AirDrops and stuff like that, a lot of them will show up in your Warpcast, your native wallet, and so you obviously will need a way to get to them.
Speaker 1:So that's one of the first things you should do is put that seed phrase into another wallet and kind of interchange it, and then, also put some gas on it, and in this case, most of the gas, except for the Zoro stuff which you only encounter every now and then, and that Zoro thing has a bridge the minting site. But the gas that you use for 99% of everything in here is Ethereum on base, and all the free mints come out to 0.00, so three zeros and then a bunch of sevens. Just like I said, it comes out to about $1.96. So that's something you should probably get used to. If you're going to mint things on this platform, you're going to need to put gas in that wallet, in that wallet, and then also, on the technical side, you can connect an external wallet to it as well. So it gives you a wallet. And then also, if you want to have another wallet, like a burner wallet or something like that, you can attach that to it. You can actually add as many wallets as you want to to your account. Let's say that you have a getting in. I'm going to you know what. Let's just get into that. So let's say you have an E&S domain on one of your wallets that you want to connect to this account. You connect that wallet and then you can use that as your username. So that's one of the big things about this.
Speaker 1:Like I said, because it's a wallet, it can actually be named. That's thing number one. So that's one of the reasons why I'm extremely bullish on on on Farkast or Warcast, the Conver, whatever you want to call it, and that that's the biggest difference in what we're dealing with in the current social media. None of this social media is built on top of blockchain. We don't own any of the assets here on Twitter. We don't own any of the assets on Telegram. We don't own any of our assets on Instagram, but here they're giving us a wallet and you can name it. So if you want to attach your E&S address to it and then you want to be that name on the platform, you're actually able to switch out between your E&S address or a regular username and you don't lose one of the other. You can, you can switch between them Just like any other social media platform.
Speaker 1:When you set up their centralized username. It's still immutable, since in their platform. So, first person, first come, first served, the name you pick is the name you pick, but then, yes, like I said, you're able to switch it out with your your E&S address, and I'm hoping that that obviously expands the other ecosystems, but that's native within the app. You can always still name the wallet that they gave you. Whatever name you, whatever domain name that you have, that could set reverse record and attach it to your like I said, to your MetaMask or to whatever other wallet you're using, and you can still use it like a regular wallet and interact with it while it's sitting inside of the the far caster app or the workcast and doing its thing there. Is that clear for everybody? Does that make sense?
Speaker 2:Yeah, I think I don't want to speak for everybody. I think that the, the, the technicals make sense. I think, understanding where that fits in, because you, you reference something that I think we can all unanimously say they were familiar with, which is social media, and I think that being able to dive a little bit more into what the experience is on WarpCaster, I think that's going to be important in order to you know, really clarify where these technicals fit in. Because, as of now, if we're looking at it from the standpoint of the process of just going through your typical social media platform, this is what it sounds like, and it sounds like, okay, a regular social media platform. You go, you put an email address, maybe do some you know, verification and boom, you set it up, choose your name.
Speaker 2:Whereas with WarpCaster, right, you have to go, and it's the wallet, is the seed phrase. It's like the setup of familiar process, a process that we're familiar with when we're setting up any other wallet, but instead, what what's happening here is that your wallet is not just a wallet, it's your wallet. That's for the platform. Is that correct?
Speaker 1:Yeah, and I guess I'll. I'll skip kind of ahead to get to the UI part because, you're right, a lot of this technical stuff might not make any sense if people don't know how to use the platform. So, yeah, the wallet it creates for you as a wallet that it has to create because, like I said, you're operating on top of a social graph. You need an identity on the social graph. Then identity on any blockchain is a wallet address. So it creates one for you and almost everyone does it. I don't know Again, I can't really speak on the lens but if it works, the same as cyber connect. When you sign up for cyber connect, it creates a wallet for you. Like I have a smart wallet here that I can interact with and send things to that.
Speaker 1:Separate from my regular wallet, this one just creates a native one because you can actually buy assets, get air drops to store currency within this app.
Speaker 1:So it creates a wallet for you that is native to the app or it's built or created by the app, but, just like any other wallet address, you can export it to an external wallet if you want to manage the stuff that's in it with an interface that you're used to, or if you want to transfer, like said assets in or out of it, if you get air drops. That and I'm like I said, I'm going to talk mostly about this UI right now so that people can understand even what I'm talking about. But then I'm going to get back to the air drops and kind of how they work. But a lot of them may end up in your app, in your app wallet, because you're getting them from interacting with the app and it's native. Even if you connect other wallets to it. I think there may be a way to choose which one is the preferred one, but I think it just natively defaults to the one it created. So there's going to be times where you're going to have to get air drops out of that wallet.
Speaker 2:All right, Okay, okay, so it's making even more sense now. Okay, so when it sets the wallet up natively, it's almost as if the folks over there, the team over there, sat there and said well, we're not gonna make it where people have to set up a wallet elsewhere and come plug the wallet in here. We're gonna have a native wallet and if you want to go ahead and connect your external wallet, so to speak, you can do so. But what the wallet is, it's a place for the value that you're going to get on the platform to be collected, for you to go ahead and interact with it. Because when you say social media, it's crazy.
Speaker 2:It's great we having this conversation, because when you think about being on social media, you ask yourself what value do I get Other than, like reading the post, maybe getting to have exchange in the DMs? You don't think of someone or the platform itself air dropping you anything. So it's like when you hear a wallet has to be connected, you're like, well, do I have to pay for something? That's why I'm attached to the wallet. But it's like, no, there's gonna be things value that you get from being on the platform, and it comes in the form of NFTs, tokens or whatnot, and you have a native place to collect those things.
Speaker 1:Yeah, and there really is like a lot going on right now. So there is a lot to store in a wallet and, like I said, when you set up this account, it creates the first asset for you, which is that FID, your Farkaster ID number, which is a decentralized asset, and it's connected to that wallet. So, yeah, so it builds the wallet in the background and technically, you could probably get through the entire process without or get through the app for the most part, like I said, as long as people embed their links right, because you can fund the app with warps and that's a different process to add warps to your account. But you could pretty much do all the mints and warps and they would all just get stored in that native wallet, even if you didn't wanna connect anything to it or send gas to it. So there's different ways and, like I said, from different kind of skill levels or compatibility levels for people to get onto the app, but that's the biggest part, right? So what's the difference between this social graph is now that they kind of understand the framework for it. Why should you be bullish on this instead of on Lens, which you know it's been extremely popular, or CyberConnect, which everyone fades and it's like extremely awesome and incredibly useful to me, probably the best thing out there.
Speaker 1:But whatever, why this one? And the big reason is the UI. So for people just now coming in and asking what this is, this is an app that you can download either to your Android phone or to your iPhone, or you can log into on your computer. It is an app that feels like Twitter, right, and allows you to communicate and interact with people and make posts in the same way as you do with Twitter, so it's a social media app. It also allows you to join and post you know, certain posts or topics into relevant groups, the same as like Reddit. So it's kind of being described as a mix between Twitter, reddit and blockchain.
Speaker 1:They have been around actually for quite some time. Like I said, they've been around for three years and some people that are in, you know, kind of our naming community have actually been with the platform for quite some time and are considered OGs. They have some of those early forecaster IDs. I learned about forecaster about four and a half months ago. That's when it says my first post on there was my forecaster.
Speaker 1:Id is not one of the low OG ones, but yeah, this platform essentially could potentially replace how we interact with, or it feels like I said. It feels like Twitter. It's organized like Reddit. The assets that you're able to acquire on there can be stored decentralized for the most part and I'm gonna get into the for the most part and then some news on that in a little bit. And then there's a whole lot more different behind the scenes that make this so much a different experience than a Twitter or Reddit or any of that stuff could ever be. And there's a reason why crypto Twitter is over there, because there's a lot of features that have built into it, because it's built onto the blockchain, that actually, you know, enable and even empower a bunch of new technology that revolutionizes the way that we may interact with tokens or NFT. Men's Go for Chris.
Speaker 2:No, I was just getting ready to pose a question. You know, while we're referencing like social media, what kind of content does you know Warpcaster support? I know I've went in and I know I've made a post right, but does it support the videos? And you know the GIFs and you know things of that nature, things that we're familiar with from the conventional social media platforms.
Speaker 1:So far, right now, I do not think it supports video, even though there is a platform that is about to offer video or the capability to import video into it. Right now, I've been just posting regular images. I don't know about the GIFs because I haven't tried to post one, but maybe you can. The character limit is a little shorter than Twitter and it doesn't allow you to post threads unless you have Supercast, which is like such another service that's built on top that you can use to add extra features and stuff to or enhance extra features because of the API or whatever, though, however, it's connected to Warpcast, but natively just regular and a half posts. I think you can get like maybe 300, 300, some characters and please look this up, do not take my word for it, I'm just guesstimating because that's kind of what I'm limiting my post links to. But for me, my experience has been you can get an image in there. You can put links. The links actually, they open up, so they look nice and visual. So that's another good thing. If you're a type of person that likes your links to expand, that's been actually pretty nice. And then, yeah, one of the biggest differences here is that, like so, here on Twitter, you make a tweet and it's just your tweet. It's out there broadcasting and whoever finds it finds it, likes it, likes it. It shows it to wherever. I don't know what algorithm this uses to show this to people, but for the most part, the majority of the things that people create and some of the lingo is the same. So, just like here we use tweet, when we create a post, there they use cast. So if you hear me say cast, that's what I'm talking about is the action of sending out a tweet or that version of it. But one of the biggest differences there is the like I said with Reddit.
Speaker 1:When you create content, the most ideal thing to do, rather than just cast it on your own profile for people to just randomly find, is you're able to cast these casts in these subject groups called channels, and channels is something that was kind of faded until now, but now, like, a lot of people have made channels and basically these channels are interest groups. So you have a channel for virtually everything, like you have a channel called DGen, which I'll get into that when I talk more about the airdrops. You've got a channel for Web through domains, obviously. So if you're on a far caster right now. Please join Web through domains. That is our channel. But you are encouraged to cast these posts into the subject-interest channels so that the people who resonate most with what you're posting they're seeing that rather than content. And that might answer one of the questions that you have, because it really does kind of, in a way, police the content on its own, because you're making a conscious decision when you're creating it of where am I gonna put this?
Speaker 2:Yeah, I was getting ready to say that. So, from the sounds of it, the channels function sort of like independent feeds, right, and with those independent feeds, those who own the channel basically moderate what's able to go on the channel, if I'm correct.
Speaker 1:Yeah, and again, I'll dig a whole bunch into that when I talk about bullishness. But yes, so the way channels work and I'll talk about this over. I think I explained the process of signing up for the platform. So when you first download the app, you'll go into the platform. I think it'll ask you for your phone number. So that's how it will dictate where you are. Depending on your jurisdiction, you may get into it for free. I'm hoping that's for everyone. So correct me if I'm wrong, but when you sign, up.
Speaker 2:No, it's $5. So for here at NYC, because I tried it on two devices on one device it went through with no problem, and then on another device it was, like you know, pay the $5 and go at it that way. So I don't know if it's $5 for everyone, but, like you said, the jurisdiction does matter.
Speaker 1:Yeah, so, depending on where you're at, you might have to pay $5. But that's nothing compared to what's waiting for you on the other side. Again, do your own research and not finance advice. I'm not telling you to go spend $5. I'm just telling you what's on the other side of that $5. In any event, when you sign up, it'll give you the wallet address. It'll give you the option to copy your private key or that good stuff. Super simple. It's just as easy to signing up for a trust wallet or a metamask wallet on your phone.
Speaker 1:Okay, so if you can do that, you can do this. Once you're in the platform, you will do all of those simple steps, or all of the same steps that you would do in a Twitter account. So you would go, you would change your name or like, so you can put anything as your display name. So you choose your username at sign up and that's what the only. I think. You can interchange that with your dot ETH. I don't know if you can change the username part itself because, like I said, once you create that, there's only one of those, but you can interchange it with a dot ETH if you import one in there. So there's that part, but you can change your display name at any time. So, just like here on Twitter, even though, like I'm iHeartDomains out the bottom, I could put iHeartDomains building bridges. You get my point. So you set that. You'll set your description, your location, if you want to. It's all super familiar, is what I'm saying. The UI is familiar Once you get past that part. And so here's kind of the opportunity that exists right now, so that channel thing, right. So, just as you're able or just as you're encouraged to create content and posted in relevant channels, let's say, you're the kind of person who wants to welcome and curate that type of content and manage your own channel, well, that is an opportunity that they also afford you. And I'm gonna explain the opportunity as it exists now and then kind of explain the opportunity as I predicted it, and it seems like it's coming to pass. So to join the app, I guess, costs $5 for some people, zero for most people, okay. However, to set up a channel, it is a commitment for all people. So this is where those warps come in handy. To create your own channel, it costs 2,500 warps, which equates to 25 bucks.
Speaker 1:The way that you buy warps is you. When you're in the app. You'll see at the top there's a little icon menu. There's one that looks like a little diamond. You'll click on it. It'll show what your warps balance is, which, if you use our link or use our link, because that's just a cool thing to do, but if you use certain people's links you'll end up with 50. So you'll see your 50 warp balance there. You'll also see a button that says buy more warps, and this I haven't tried. I don't know if you can use theot to buy the warps, but you can. I just used the other wallet that I connect to it. But 25 bucks will buy you the 2,500 warps.
Speaker 1:It'll allow you to search for a channel. So in your side menu you'll see where you're able to create a channel. The thing is is, if you don't have any warps in your account or don't have enough warps, trying to search whether a channel is available there won't work for you. It won't even give you the ability to search. However, you can go in the search bar in the channels, and this is what you can do, like pre-buying the 2,500 warps and thinking that you're about to grab a channel. You could go into the search bar and you can see if the channels aren't taken, because it would pop up in the search results the 99.9% of the time, unless Dan took one away or changed the name of it. If it is not available or if you don't see it in the search bar, it's available and you're the first person to register it. Now, what's the alpha on these channels? Again, if you're encouraged to post things in channels that are relevant to the content that you're posting, well, if you've got a popular channel that attracts content that people like to post about all the time, it should drive traffic to that channel, which can do a number of things right. If you're genuinely building out that channel and adding a lot of value to it, as if anyone from Farkaster Warpcaster is listening.
Speaker 1:We plan to do with every single channel that we purchased, but let's narrow it down to Web through domains. If you're successful in driving and building a community there, then that has value. That has a lot of value. Not only do you have your own curated community, but it is a great place to share news. It is a great place to, like I said, attract other traffic.
Speaker 1:If people are on that app, even if they've never heard of you or don't know how to use Web through domains, then simply typing it in, like you would in Google, is going to take them to the most relevant result, right, which is Web through domains in this case, or if you own a channel that's relevant to another subject, it would be that channel. So prediction number one right, or in, I would say, potential way to create revenue number one is it would be owning a channel that is a popular keyword, that a lot of traffic would potentially go to and driving a lot of value to it, so that people want to grow and participate and add content to it, so that maybe, potentially, you can monetize a channel and there's different ways to monetize the channels, and that's going to be the second part of what I get into. Go for it, chris.
Speaker 2:Okay. So I'm going to ask a question. This rolls into what I was referencing with what type of content you can upload to Warpcaster. So if a person and I guess this is kind of like to be determined in terms of how they will you know what the algorithm will be in terms of the content that they show? Because the question that comes to mind for me is if some person gets, we're just going to say, a channel called Dogs, right, but they don't post anything dealing with dogs. But then there's somebody who has a channel that is not called Dogs because they couldn't get that particular channel, but yet on their particular channel we're just going to say that they call it AirDrop Pets or something like that, but they have a lot of content about dogs. Will the algorithm recommend, will it prioritize the content of the channel or will it prioritize the name of the channel?
Speaker 1:So, currently, if you find a channel that is available and you have 2,500 Warps, you can buy whatever channel you want to. Now emphasis on buy the process, for who gets to keep what channel? The short answer to that is I don't know. The long answer is Dan has kind of said it, so this actually will pivot into the alpha. It's actually bad news and alpha at the same time, which is weird, right? So some of the alpha that Dan gave actually stemmed from a complaint from someone, and so this will answer that question Again. Warpcaster or Warpcast for all of you. It is a centralized platform. You need to take that into consideration. This dude can take your username and kick you off this platform If you post something weird. He can ban you. Every single thing that can happen to you on Twitter can happen to you there, and that's not a bad thing, because obviously we don't want people to post bad things, and you shouldn't want to be on there to post bad things. With that being said, though, man, if that moth.
Speaker 1:Now we gotta live in a separate-.
Speaker 4:I mean, I love him, I love him I love him Right.
Speaker 1:This is why people are adopting it right, because it's a safe place and they know that and they know that it's gonna continuously be a safe place. But that being said, rolling it back to your question, with the ability to purchase channels and with the onboarding of brands, who may be the better custodian of those channels? How will those things be handled? Well, we got one example, so I believe an individual was holding on to the channel bankless and he had his reason for why he felt like he should be the owner of bankless. You could argue that it is a basic word that someone has just happens to be using as their brand name. It's like if somebody decided to call their company bike, does that mean I can't own the bike channel if I like bikes? And may be the case, but I think, as of right now, dan is doing it manually.
Speaker 1:So I think if companies, if you are spotting, and so this goes kind of as the general advice and warning to everyone, and I think we've said this about several naming services and I don't know if it's working out well for anyone who invests in this way, but it seems like kind of every ecosystem isn't rewarding people that are buying and squatting on corporate names, so like, if that's your strategy, of course, do that at your own risk.
Speaker 1:However, in WorkCast, you're likely to get that name taken from you if that corporation does go to Dan and appeals to him to have the channel that matches their name. Now, I don't know what kind of so I don't know if it's got to be a direct match. I don't know if it's going to be subject match. I'm super hoping not. But the first example of how he's chosen to deal with that problem with bankless did come up in this tweet and I'll tell you exactly what it said right after Chris talks, and then I'll kind of talk about the bullishness that he added at the end of it, which I mean, yeah, it's still bullish because he still said it. We just don't know what he'll do to that. So go for it.
Speaker 2:Yeah, without knowing the context, if we're just talking about an early platform, right, there probably isn't like as robust of an amount of content as we'll see and it's not as diverse as an amount as we'll see.
Speaker 2:We're just going to assume that bankless somebody got bankless and they're just using it as their name on the outside. Looking in, if it would sound like and I'm not, I'm not critiquing dance process you know there's a method behind the madness, as they say, not calling what he's doing madness, by the way, but he, you know if, if he's going to be choosing which names are, in essence, clawed back. You know there definitely does need to be a clear right, criteria of why and the whole idea that you know a corporation or somebody just pops up and says that they want this name. It has to be more to it, because I think that that could create a bigger problem down the line If I get debanked or unbanked or whatever the name was and I decide that this is a channel I want to post this type of content on and it has nothing to do with the company, is not defamatory, is not infringing upon it, it's just my content under this name.
Speaker 2:But then the corporation comes in and says, well, we need that name because we want to be on this platform, and then it gets taken. I think that it's kind of like a situation that we don't need to go down the road with. But yeah, just I would love to hear what the tweet was, because that'll probably provide a little bit more complex as to how he's approaching this.
Speaker 1:Well, yeah, if you refer to the singular example that exists, you get to take from. So the way the tweet in particular went it may have been an early adopted to the platform certainly was earlier and more hip to channels than I was, even though I was pretty early, and I'll kind of describe how in a little bit. But apparently the individual was accused of squatting on channels and one of those channels was the. What was it? I said again, bankless, right, and bankless is pretty popular in our space and I'm sure it's somebody that the platform wanted to onboard anyway. So he probably wasn't going to win that in the first place. But yeah, the.
Speaker 1:So the conversation, to be honest with you, and then, if you listen, bro, much love to you, but that was the way it looked in the tweet is didn't really give the dude the chance to fight for the name he was. He gave his explanation which, like I said, you know, hey, could you know when somebody gives an explanation for something, if the case that they're wanting to plead is that? You know it's a, it's a regular, you know dictionary term and I'm planning to build content around it. You can choose to believe it or not to believe it, but you know he didn't give him much opportunity to plead the case, didn't seem like he was even going to consider it.
Speaker 2:Yeah, it didn't seem like there was any due process or anything.
Speaker 1:Yeah, no, I seem like the due process is probably done. You know, whatever conversation you have with bankless like, you're going to go get your channel back. So, like I said, if we reference the singular example that exists, yeah, you're going to get a taken and probably in pretty quick order, and I would say, especially like that one, you can say that that's great ish area right. Some of the ones that a gray area don't expect to keep them probably don't even register. If you don't register, like straight up brand names, you're not in the gray area you should expect to get to. Now what is to be seen right is the. Is generic subjects right? Because what if bankless when banking or something like that or something related to them? That's not necessarily the brand name. However, when they look at the person that currently owns the banking channel, they don't feel like there's enough content on it to justify them owning it. That's to be seen and that's the scary part. So I do want to put that out there as a humongous disclaimer to anyone who is thinking about acquiring any of these channels is the only precedent that is. This is that he took somebody stuff and we don't know if he's going to take anybody stuff in between now and the announcement or the statement that he made on the tweet. So now, skipping past that, let's get some bullishness.
Speaker 1:At the end of one of those tweets he said he made a statement which is kind of.
Speaker 1:It's one of those proud moments for me, one of those you know I told y'all it was going to happen, but he made the statement that at some point this year the channels will become decentralized on chain.
Speaker 1:So I'm assuming between now and then he's going to go through some kind of house cleaning process before he allows us to start by these assets that he can't delete. But yes, these channels will become decentralized assets, which means you will be able to sell them, which now takes us back to we talked about the first way that channels have benefit. If you're, you know, building the channels and want to drive traffic to them and you know whether you're driving that traffic because it is the subject that you're, you know, truly wanting to build and need that traffic for, or whether you're monetizing that traffic by selling ad space between, etc. But potentially, you know, if you put all this work in the building up this channel, you may be able to sell it to another individual that becomes the new custodian of that channel. So these channels, in essence, at some point will become businesses for the people that are able to hold them. Go for it.
Speaker 2:Yeah, yeah. So this is the thing you know what I think would be a great idea to mitigate the potential issues that could arise with the channels and clawbacks and the subjects and the business and the subjects and the basic words. We don't need to go through that headache. It would be great if you could go ahead and you could use domain names to create channels, right, like if you can go ahead and prove that you own the name. In fact, you can name a channel with the domain name right. So if someone comes to the Warpcast platform and they search for that domain or they search for any words that are part of that domain, your channel will come up, because I think I think there could be a lot of people that are interested in that domain.
Speaker 2:I think there could potentially be a lot of issues if we, if we just say, okay, well, I want, I want the wise channel, and then we're kind of sitting on eggshells until someone who wants wise comes along and then it's left up to the team at Warpcast or decide whether or not we should keep it or they should get it, and it plays into that censorship thing, and I really think this would be a great opportunity. If Dan is listening to allow people to tie in their domain names and use those for channels, and then also and I landed here it gets real tricky when people pay for things and then the name gets taken back. So I'm curious did he outline what the process was that for that was? Was it a refund? Is it we take the name and you're out of the Warp tokens Like how does that work?
Speaker 1:I'll just check this one first. Yeah, he gave his money back, which was 2500 warps. I think he gave him the option to pay it back in warps or in E for something else, so I don't know how you eventually said it. And then I think he gave me extra 25 bucks, so he doubled up.
Speaker 4:He doubled up on his ground channel. Still not good enough. Still not good enough in my opinion.
Speaker 1:Yeah, he probably doesn't feel the best about it.
Speaker 4:And just sorry, I love, I love buttoning Guys. If you haven't done so already, because we've been, there's a lot of alpha being spat. Please like and retweet the space, yeah, and put a little comment in there. Just helps with the algorithm. It helps. When do this? You know he does this on a daily, so this is his time. He's spitting alpha for everyone and the least we can do for him is give him some, get him some exposure by liking and retweeting the space, which is the bottom right hand bubble. Go in there, like, retweet the space. Show some love. Come on, he's showing some love. He's giving you his time, he's energy. He's alpha for free, and this you know, people don't do that, so just give him his dues. Please, if you want more alpha, just follow the guys that are speaking and asking the questions. Also, also, what was I going to say? Yeah, it's not financial advice, he's just giving you alpha, yeah. So that's it. That's my disclaimer. That's my little bit there, sorry, when there you go.
Speaker 1:All good, bro. Thank you and appreciate the love and appreciate the love anybody chooses to give me. To answer your first question, going back to the main thing on on the channels, I think that that would probably become possible once they're on chain. So I'm thinking that's the way that the dot eats work now, since it's it's a wallet behind your fart, your workcast account. Essentially again, you can name a wallet, so you don't need their permission to attach a name to a wallet.
Speaker 1:Once these things become on chain and they have a wallet address, name it all you want to. Their platforms already resolving in s, so I'm sure it'll still continue to do that and hopefully it's. Their ecosystem gets bigger and more naming services start reaching out to them. They'll resolve other naming services as well. But I would say, yeah, that naming as soon as they become on chain. Naming is there. I guess you're asking whether or not the you should. Are you asking about whether it should be in the search results of the domain name to kind of differentiate the brand between the group that's not owned by the brand?
Speaker 2:Yeah, so, like you know, you know if there's a channel, you know paradise, and you know that you could go ahead and you can spend war coins to get the paradise channel right. But it would be nice if one owned a paradisecom, e-net or whatever and they were able to name the channel after the domain and connect the domain to the channel right, so you could still use paradise and I guess you could still do it. You can name the channel paradise dot whatever by name. But it would be cool if you could go ahead and you can connect the domain and verify, like, if you're going to verify, I guess what I'm saying it Is if Dan is going to verify, if he's going to make the decision, his team is going to make the decision to say who can and can't have certain channels based on maybe their petitioning right or whatever you know verification. They're providing that they should have it.
Speaker 2:If a person is, if they have paradise dot e, perhaps they should be able to have that particular channel because they have verification that they hold that particular name. And if we could get to a point where you could use the name, like, imagine if you could give someone a domain name and it can take you directly to the Warpcast channel. You get what I'm saying, but also, if you were going to search for channels, you could type in that same domain and you can access that content and then on another level, even if you typed in that domain, like, say, someone typed in paradise, right, and of course we don't know what the algorithm is going to be.
Speaker 2:but I'm just kind of speculating here. If a person typed in paradise, maybe it was still pull up the person who owns or has the paradise channel, but it might also pull up the channel for the person who has the paradise that each channel, because the keyword paradise is in their, their web address name.
Speaker 1:Yeah, so, like I said once, once the channels become on chain, I don't know if he'll allow you to attach the E&S domain or something that resolves via E&S to it. I'm hoping so again, because that that capability isn't difficult to dev it. It's already been devbed in, but that's already. That's already pretty much how it works right now on the personal side with Warpcast is that both can exist. So the username that you create within Warpcast and the same thing with the channel name that you create within Warpcast would it's. It's a different thing. I think it could exist different and could be two different channels and somebody else who came in with a different name. If it's aethercom also, by the way, we're talking about what people are seeing as the username as well. So, and there's a difference because both of you could create a channel, one has the username paradise. The other one has the username you know, paradise, underscore, paradise, one, but the display name. You can actually change that also as well, just like you could do with the display name on the personal side. So you can actually put whatever name or you know whatever catchy thing that you want to put on your, on your channel, and that's what people will actually see when they're typing in the search results. When they're typing in the search results, they'll see not only the name that they're typing in the username but they'll see the description to like, for instance, I think, by vacation, so I don't quite a few channels. One of them is vacations and I think it's like let's take a vacation is what people see as the title. You're also able to put a description. You're able to do the same thing and moderate your channels almost the same way as you are in a telegram group. So you can. You can add hosts, co host, you can set rules, you can ban people, you can do all kinds of stuff like that from and delete posts about that with the channel and change the description. You can actually pin things up there as well. But yeah, that's how the channel thing works out.
Speaker 1:So, as it works right now, just to kind of retake you guys around, the channels portion is a separate speculation. It's it's meant for people to create interest groups that relate to guess your business or whatever you want there, whatever kind of group that you feel like you can manage. So again, you know, responsibly buy these. Because anything that you own, any asset, any piece of real estate, whether you intend to sell it later still got to be a good custodian and manage it correctly, but when you buy these channels currently right now, they cost 2500 works, which is the end workcast currency. They are centralized currently, so if you buy something that at some point is deemed to be the property of someone else according to whatever algorithm or set of rules that came up with, it'll probably get taken. So you know, speculate wisely, do your own research. But, yeah, these, these channels, essentially are real estate that you can turn into businesses and may potentially, or should potentially, one day be able to sell on the blockchain I go for.
Speaker 1:I don't know if anybody has any questions. We got quite a few people on this. Well, we had quite a few people on stage. We do have King up here, though. Are you doing that? All right? You?
Speaker 1:see everybody still there with me. You all can hear me.
Speaker 2:Yeah, I can hear you.
Speaker 1:All right, cool. So let's kind of so when you enter the platform. So, right now, the current stage that we're at in this conversation I've talked about the technical behind it. Again, it's built on top of a social graph. The workcast part is centralized. Built on top of the centralized social graph, we start. We now gone into the process of setting up a username. We've also gone to the process of setting up a channel.
Speaker 1:Now, what do you do when you're inside of the app? Why do I want to be in this app? Why is everybody so bullish on this app? Well, again, like I said, the interface is set up pretty much just like Twitter for the most part, except for, like I said, you'll notice those key differences like I'm casting into, into channels and etc. But for on the surface, it is another platform that you can use for social engagement. Okay, a lot of crypto. Twitter has navigated over there, so a lot of the same platforms that you're used to seeing here. They're actually kind of more approachable over there, and there's a lot of new platforms to discover. So that's one. That's the, that's the obvious part. The social platform means you get to get to go be social. The second part, though, is that it's.
Speaker 1:At the end of the day, this is an app that is built on top of a social graph and a blockchain, and they're building a lot of blockchain stuff on it, and what I mean by that is they so couple things. I don't even know where to start because there's so much bullishness here. I'll get the frames last. Let me start with first. So be active on that and this will answer some questions that might drop off, or is he still okay? So, mike, this is a question for you. First and foremost. There, I don't know who lost the DGN token, but there was a token that was launched, kind of through or via this app, called DGN. It's on the base network. Like I said, most of what you're going to do on this platform is going to be connected to base. It was launched and it was airdropped basically to people who are OGs and active in the community, and the culture of this token has pretty much been that ever since. So when you join the app and if you're active and be being active, that means you're using it and making those posts, going to other people's posts, leave it comments, you become essentially qualified to tip and be tipped DGN points. Okay. So if you listen to Mike, there's a difference between DGN points and the DGN token. Okay, every single day you get this balance of DGN points. So the first airdrop has already happened. And, by the way, for those who got that first airdrop, some people got $5,000,000, $6,000,000. With the DGN, it's a hundred million dollar market cap token. It ain't no joke. And I think the majority of it is reserved for airdrops. And they just did round one. There's four rounds. There's three rounds left. Okay, so, being joined in the platform, getting your username, get your channel, start using it. Now we're talking about why I'm bullish on it and what can happen if you're using it in active. So, number one DGN. So airdrop happened.
Speaker 1:Now everybody gets this DGN points, which is invisible points. Well, there is a place you can see it and I'll kind of explain that, but these are invisible points balance that you get every single day and you are and this is the coolest thing in the world you get this balance of points which increases depending on your level and your rank within the system. So you start off at a certain amount. I think you start off for like a couple hundred. I'm at I can give, I think, like five or six thousand a day. Some people can give 30 or 40,000 a day, but you cannot keep it.
Speaker 1:Every single day you get this balance of free DGN that you can give away and tip on people's posts. If you don't tip people, you don't get to keep it. It doesn't go in a secret bank. You don't get to cash it out at some point. There's really no incentive to keep it. The incentive is to reward other people for, you know, posting things that you like or agree with. When you tip them with these fictitious DGN points, it will actually at some point, when the airdrop comes, convert one to one to real DGN. Okay, so you're actually tipping people free money that you're getting for free, that they will eventually be able to cash out. Ain't that something right? Helping someone else win that's the nature right now of the Warpcaster app is. Every single day, when you're seeing people tip DGN to other people, they are essentially helping that other person win. Sometimes it gets something in return for it. Sometimes some people are just tipping to be nice, but the culture over there, as of right now, as far as that is, it's a tipping culture and that's the way that it works.
Speaker 1:For anyone who wanted to understand that is that the more active you are, the better the rate that you get within the platform, the more balance you're able to tip people. People can tip you as much as they want to or as much as their balance allows, and the same thing If people tip you any of the DGN points, those points go into your bank. You're never tipping out of what's in your balance, just so you know. So someone tips you 10,000 and you have a daily spend of 10,000 and you tip somebody else 10,000. It's not coming out of it. If you want to go tip someone else, it just wouldn't tip, it would just reject it. It wouldn't take the balance out of what someone just tips you. So whatever you get to, whatever you tip someone else, they keep. So, that being said, I hope people learn from that social experiment.
Speaker 3:I would do it If you do choose to act to be nice to people.
Speaker 1:Okay, so the easiest way to tip someone? Well, there's only one way to tip someone and it's extremely easy. You put a number and then you put cash tag DGN. That's it, nothing else. You don't have to put anything else. I think if you write like a message, like thank you or you're awesome, and then write a number and then cash tag DGN, that still works. But basically that's it. You just put a number, whatever number you want to tip them. So if it's 5000, you write five, then 30, then cash tag DGN and that tips. And of course, like I said, it will only tip them if you have that amount in your accounts and tips. So make sure, if you're out here promising tips to people or tipping people, that you actually have the amount, because you don't want to get somebody's hopes up and then it not go through. But that is the way that it works in that economy.
Speaker 1:So first opportunity number one, if we're talking about the most basic and general airdrop, dgn is kind of like DGN. I would say it's like bonkers to soul, it's like cake is to be and be. I don't know if there's a big token on ETH that other than ETH, but you get my point right. There's certain tokens that are big community tokens that you know in it, like juke, that you know we're never going to go away that are so massive that they're part of the ecosystem. So it works natively the points and tipping system within the app. So just by being active, just by being on the app Don't got to spend anything Give people to like you, give people to tip you these DGN points. You've got four or three more airdrop opportunities. I think one of them is coming up, like next week or something like that. And, yeah, this is a real token and it's really detached, something that just got missed.
Speaker 1:For anybody who isn't on the platform yet, or for those who haven't been active up until now and they're hearing about this, they did something crazy for Valentine's Day. So, like I said, I've got a 5000 point allowance that I can give away each day and most people think it's like you're been on the platform forever, you're super popular. You're probably like the hundreds of thousands of some you can give away. I don't know, but most people are in that range right, couple hundred to a few thousand that they can give away. If you changed or if you added this DGN hack to your, to your profile name, before a certain amount of time. They actually gave you a million DGN tip allowance for one day only, which is on Valentine's Day, and you know it was a nice big social experiment. A lot of people were able to enrich, you know, a lot of people with DGN that they were never going to earn in any period of time. You know, coming up like some people you know ended up Getting that whole million you know tip to them, maybe even more. I ended up with 800,000 DGN. So it was very interesting to see a lot of people kind of give freely and over tip on post and share like that, and I don't know if a lot of people realize that they were sharing actual money.
Speaker 1:Somebody put the stats out. They said that the so there was only like 1000 people that were even eligible to that. They got the million to tip out but they said I think 6500 people got tipped. There was a certain number of DGN but it equated out to about 200,000 DGN per person at a current value of $500. So almost most people got tipped almost $500 worth of tokens. That will come on the next airdrop, like I said, just for being active and especially, you know, on Valentine's Day, and you never know when another one of those comes up. So that's number one.
Speaker 1:You've got the native airdrops with the DGN token. There's I don't want to call it the sister project, but there's another project that is following its footsteps. So if you want to look at Salana and you want to say Jupas, dgn, well, this other token that's coming up as well, the TNX or TN, it's TN100X, which stands for the next 100X. That would be when. So there's another token that's following its footsteps and it's the same thing. They, they for lack of a better term forked. You know the DGN process, and same thing with their token. If you interact with their groups, they can tip you what's called LP. That LP adds up for an eventual airdrop of TNX 100. It also has four, four drops. They've already done the first one. I got that one, there's three more left and it's the same system.
Speaker 1:People tip you, you can tip other people. Same thing with the bank Big thing to note and I'm going to give you all a big old cheat code. You get very valuable cheat codes. Just remember where it came from and show some love. Not everybody is capable or wants to, or maybe even got some haters out there and can't get people to tip you in a DGN. I don't know, some people just don't want other people to win and that's cool, right.
Speaker 1:The beautiful thing about both of these ecosystems which is also awesome is that even though it rewards the beggars that are able to get people to just randomly tip them DGN just because they exist, it also rewards people that aren't as popular.
Speaker 1:But you got to do a little bit extra and both the TN100X and in the DGN, if you set up an LP position and this is all through base and you can do this on Uniswap If you set up an LP position, you can also farm points in what they call liquidity mining, and liquidity mining pays off a whole lot faster than begging for tips. So remember that limit we went back to. If I like you, if you're my best friend, the most I can tip you even if I'm being extremely biased is 5,000 points a day. That's all you can get for me. But if you go stake $50 right now at LP, I'm earning about 20,000 points a day on liquidity mining. So I'm earning 4X more than I could beg for myself, even if I could get myself to give me all the tips. So that's a little cheat code. So two ways to get into yeah.
Speaker 4:What's those? Sorry, what's those hats that you've got? You've got the like button, the read suite and you've got the hats.
Speaker 1:Yes, it's a cool little feature, so kind of off topic, but it's something I think they said that they might well. Somebody asked if they could do with with with anybody. But certain keywords are like if you type GM, it'll turn the like button into a GM. So the certain trigger words that will will turn the like button into like an avatar instead of a light, and I think DJ will turn it into a hat, because that's a simple for DJ and is the top hat. Then you've got the GM, you've got the top hat and maybe something else I can't remember. Was that your question?
Speaker 4:Yes, yes, yes, that was, that was the question I'm. I'm going for it now. I can see some of these people have got you know where you? You know you told me earlier about you can't see your points, or Well, well, you can, you can. Some people have got these little things that you click on and it'll tell you your DJ imbalance and your daily allowance Month. Nothing and nothing.
Speaker 1:Well, yours is something and something, and I'll tell you what it is and you're actually circling into something I'm about to talk about, which is the frames, which is kind of the last part of what's going on in here. But yes, so your, your DJ balance, like I said right now, is in basically in workcast, in workcast points. So there are different ways that you can see these points. So, for DJ, at the end of each day they resolve or settle each of these points. You can go to a website called DJ tips. You just log in with your wallet, you go to the leaderboard. It will show you what points you've earned on both sides. It'll show you what you're earned from tips that people tip to you, and then you can go to the liquidity mining side and it'll show you the tips that you earned from being in the LP and that's it. That's your points. At some point they'll make an announcement of when they're going to do the next airdrop. It says right there on the website that those points convert one to one to DJ. So that will be the amount of your airdrop. Pretty easy math.
Speaker 1:Tnx 100 has a website that looks literally exactly the same and has exactly the same things on it. It's just a different website. It's based dot the LP, dot XYZ, and I don't expect anybody to remember that. Do your research, find links, but I'll post the links for people to find If you want to find those. But those also have direct links to buy the token so that you know you're buying the right token if you want to enter the LP. And they also have the links to the LP to make sure that you're entering the right LP. So I would use these sites to get to them.
Speaker 1:But that's the first way that you can see your points. Second way that you can see your points is on Dune. So there's a website called Dune and it scans, I guess, the site every now and then it runs those scans on it and then it pulls that points from the, I guess, api. I'm probably saying that wrong, but I'm not a technical person, but any of it. If you go on the Dune website and I can also, I think I posted the link inside of our chat so I'll post it again for you. But you can check the Dune website and you can enter in your username and it'll tell you how many tips that you have received. There's also another Dune for tips that you can give. So it'll tell you in real time your active tips and your active amount that you can get. Now, going to the third part, what you were talking about, there's a little thing that you could click on some of the websites that will show your balance there.
Speaker 1:Those are what are called frames, which are like many I don't even know how to describe them. They're like many D apps within posts that you could create so you can dev out Like things. What do you call like? So? So what you experience is what called a frame, and somebody basically built out a miniature application that if you click it and it's native when they build it, it's native into the work casters or it when you click it, it scans your, your account and then it feeds back the result based on whatever they programmed it to feed. So in this case, when you're clicking it, it's objective is to tell you whatever amount of tips that you have left or you know what you've been tipped.
Speaker 1:Some of them are kind of jakey. Some of them and I don't mean jakey, some of them you really have to pay attention to the details because you can. You can program them to a certain extent to only show results to people who have made certain actions, so that may be a reason why it may be hard for you to interact with some of these frames, because you didn't like, like or retweet or recast or leave a certain comment. I think that was, like some of the basic things that people were able to set up for you know, basically keeping preventing just random people for clicking on the cast. I know that they said that they're going to allow you to do a whole lot more Things, like, make people like and do all kinds of stuff, which we'll see our interesting that gets, but basically, to interact with these, with these frames, depending on what they're built for, may require you to to interact with it, so pay attention there.
Speaker 1:The other thing that these frames would do so that's one that's kind of the first source of frames that's informational frames, frames that are just useful, that can give you information, and there's one that does that. There's one that does that shows. Only your balance is one shows. You'll find several different ones. The other thing that frames can do, though, is you can actually mint NFTs within these frames, and this is where a lot of, I think, crypto Twitter is running here to, because not only can you mean NFTs, but you can also enter into air drops and Do I play games, all kinds of stuff with it. Like these frames are literally many D apps.
Speaker 1:So, on the very basic level and I think this is might be the other thing that you were so you're running into issue with Fund your wallet with gas because these NFTs, even though they're free, require gas. But NFTs are launching left and right. You've got you know some good art You've got. You've got to be careful with some of these NFTs because, again, they're launching left and right. So, just like you know any other marketplace, you might get a flood of things that are just something somebody made and have utility. But if you're paying attention and you're following the right accounts and if you're connected to after groups, there's a lot of these entities are launching that if you collect them, they're free to collect, but might get you an air drop or qualify for an air drop, and you're able to mint them directly within workcast or if you have works or you're able to. So there's two ways.
Speaker 1:If you get a frame Okay, are you listening to me, mike? If you get a frame, that has meant in it, you'll have two options if you have enough warps inside your account, you could click the mint button. If it says the word meant on a big bar at the bottom, you know, because it will just say the word meant in the big bar and that means you can meet with warps. Or to say it kind of smaller on the side and means it's going to take you off site and as long as it takes you to Zora you're okay. That's the minting site that everyone uses. But you click the mint button and it'll give you the option either meant with warps, if you have enough works near account If you met with warps is going to send it to that forecaster account. So that's why I said it's a good idea to import that far caster account somewhere in case you want to get it off.
Speaker 1:Or if you click the picture or the little mint button, it'll take you to a mint site which is usually Zora, and Zora is kind of the minting platform for all the projects so far that I've seen that seem to be meant to be on base. Or here and there you can connect an external wallet and you could pay either from that or you could pay from the same rainbow wallet, like I put my workcast, or a rainbow, so you can connect the bat and you can mint it that way and, like I said, you still got to pay gas. So it's point 00007777777 in base eath, which comes out to about $1.90 right now. But that's how you mint NFTs and again, a lot of these NFTs, if you're minting the right ones and they'll say it right they'll be from legit platforms. They'll say you know, we're putting out 15 free mentor fire, collect this and you're going to get this air drop or comment this and you're going to get this air drop. So that that's what's happening right now.
Speaker 1:There's a lot of platforms that are over there because of this technology that they're able to build with these, with these frames and again, this is just the beginning of it. They're developing these frames to be more useful. You could play actual gains in these frames. You can meant directly from these frames, some of them, if they pay the gas for you, and so that's the other thing too. Some of these developers, if they fund their frame with gas, you can meant directly from the frame. You don't have to connect. It pays the gas for you. Very few of them will do that, but like some of them do. So that's the other thing. I mean there's a lot of things that are going to be coming to these frames air drops, interactive, the apps. Nft, mets, e&s has a frame right now where you can plug either one individual name where people can click on it and take it straight to the OpenSea page, or you can have a tour to scroll through your whole portfolio where they can just scan through it If you link your wallet to it. So I mean, these frames can do a lot. So look at it this way Again, when we talk back to what does it look like on the UI perspective, like I said, twitter with some Reddit organization and topics with blockchain right, you're adding crypto and Web3 into the mix and you've kind of got the perfect blend of what we've been wanting.
Speaker 1:We've been wanting social media where you can own the identity, where you can own the assets that you're playing with and building on it within your own wallet right, that's got crypto on it, native within it, where you can mint from within it without having to leave. Right, you've got all of those things that are built into this app. It just needs a whole bunch more adoption and that's, again, do your own research, not an endorsement for you to go join it, but it's why I'm bullish on it. I feel like I've been rammed it for a while.
Speaker 2:No, no, I honestly I think that it again, I can't speak for everyone, but I think the majority of us here are really really listening and soaking it all in. You know, there are clearly a lot of moving parts, right, a lot of promising moving parts, but then it's also the other element that is, you know, entering based on what's appealing to you, right, For some of us here, it's about minting the NFTs, for others it's about farming, for some it's just about the content. Some folks just want to go ahead and, you know, solidify their brand and their name on, you know, another platform, and I think it's going to be really important for anyone who's listening back.
Speaker 2:Oh no, it's just me, or did he cut out? Can you hear me now? Yeah?
Speaker 1:I hear you now.
Speaker 2:Yeah, you have to know. For anyone who's listening, it's just important to know what works for you, because if you don't know what works for you, everything that was just explained, it can come off as a little bit overwhelming, but if you know where your entry point is, then all of the other things that are they'll be, they'll be extra added benefits. So I say all that to say this you know when you you know that Warpcaster is a new platform, right, that incorporates, like our IHAR said, it incorporates crypto, it incorporates digital identity, it incorporates, you know, a couple of different features of platforms that have been known to be favorable amongst individuals who are in this space. So, when you go into Farkaster, go in with that in mind, not with a super concentrated that this is all I'm going to access. No, you have a lot of things that are available to you. Some things are paid things, some things are free things. The thing that really stood out to me about Farkaster I like the tipping function, right. I like the idea of being able to, or being tasked with, giving to others. I think that that's a really, really big thing See if individuals are creating great content.
Speaker 2:I do think that the name, the name clawing back situation. You know, I'll keep an eye on where that goes, because I'm thinking, okay, well, if this is happening with names, what might be the case with content? Right, and I think a lot of people might might extra emphasis on might be a little apprehensive about really just like digging into another platform and not being sure if they'll be able to be secure in their building. I'm not talking about individuals who have any interest in doing anything that's malicious. If you're looking to do something malicious, you absolutely should have everything of yours taken and booted right. But for those individuals who are looking to to be a part of something that they can call home because I think a lot of people honestly they're you know, especially in this web three space people are tired of bouncing around. So a forecaster can go ahead and keep individuals from having to bounce around, serve all of their needs from now into the future, allow individuals to build from within, share what share from within.
Speaker 2:I think that it's going to be a massive success and I think that you've done an extremely great job at explaining it, because some people think that when, when, when it gets explained, everybody has to get it. Now, it just needs to be digestible, and I think that you did a great job at outlining it. You've, you've, you've taken the, you've taken the reins and you dive in and given it a try and because of that, you've come back here to this space that we benefit from every week and you say listen, this is I found, guys and gals, this is what works, this is what's stealing in the process of being built, and I think it's just the exciting time. So I hope work, work, caster and forecaster have great success. And you know, I think only time will tell you know how it benefits each of us in this space. Yeah, definitely.
Speaker 1:And, like I said we, we have one precedent. You got to take those things into consideration. We, we, we don't know what will happen with the asset.
Speaker 1:And it's kind of the time that we're in right now, right. So it's something that you can see, is what I'm going to say next. You can see is bullish or bearish, but it is a testament to where we're at right now, and this platform currently is, at least a hotspot for the type of platforms that we want to engage with, the ones that do all the good stuff we like the airdrops, the NFTs, et cetera. Dan has made it super clear, though, that he is building this platform for the next 50 million people, 500 million people, and not just for the tech crypto bubble. So at some point, yeah, he's going to have to consider doing things that attract that type of adoption and that massive people. That includes protecting brands or protecting categories, so that they I mean, I can't speak for him, right?
Speaker 1:I obviously don't want this dude looking at my channels, but I would understand if that had to happen, and so you look at opportunities when they're here, and that's what I'm talking about now, what he could do. What's there now? I'm saying there's some airdrops, there's some opportunities to build some relationships, to build some projects, to give some channels and see what happens. That's what's there right now. Go for it, chris.
Speaker 2:No, no, I agree with you totally. I think that one thing that we you know not we, but many people on the web three space blockchain, space 10 to take for granted are the first right. They don't get the flowers and they don't get the examination that they deserve. And when I say examination, I don't mean negative critique, I'm talking about the constructive for critique, because with Farkas, they're being a first in this space. It's important for all of us who have a vested interest in the space succeeding. It's important for us to go ahead and give it a try, learn about it. Right.
Speaker 2:Everything you're not going to fall in love with you shouldn't right? That's not a healthy way to live life. But when you have situations like these like I love the fact that you highlighted what Dan's goal for the future is and onboarding the masses, and it's going to be us, the users, who test out this platform and provide feedback and, if Dan and the team are receptive, will apply a lot of the things that we suggest. And I love what you said. You said I don't want to get my channels looked at, but if it has to come down to that, then so be it, right. I love that because that was a very selfless outlook, right, and I think that that's important in this space if we really want to build things that are sustainable. I think when I hear everything that you just laid out, I'm like, wow, and nothing that I heard was unnecessary right.
Speaker 1:I'm still going to be mad, though, just to put that out there real mad.
Speaker 2:Yeah, we don't want that to happen. We don't want I heard, don't mention keep channels. Don't do that, dan. But when you talk about bringing in the masses, the first thing that I'm thinking is that nothing that has been covered is unnecessary. But I'm just, I'm thinking, I'm like there's another, there's a few layers of simplicity that can be added right, because everything is great. I mean and I'm not just saying that like, I listened attentively and I'm like, yeah, that works, that works, that works.
Speaker 2:But then when you sat there and you brought in that one piece which is bringing in the masses, I'm like, okay, so how can this be simplified? In a way, of course, the education is a given right. That's why there are going to be people who are going to listen back to this space and they're going to be truly grateful that someone took the time to actually break it down and not just shield the platform, as they say. Like you deep dived into it, and I can't express how, on behalf of myself and others who are listening, how appreciative we are for you doing that, because everybody doesn't have the time to do the deep dive that you've done, right, and you're taking your time out to sit here and say listen, this is what I've gathered, take from it what you will, and then, at the end of the day, we're not supposed to just walk away from this and say, all right, well, that was that one, move on to the next.
Speaker 2:No, I think that it's worth giving Farkaster, at bare minimum, a look. You know, if you're bold enough, give it a try. Right, don't go into it with the bias. It seems like there's a lot going on, but in comparison, it seems that there's a lot of benefit, and I think, the more that folks use it and you start to work out the kinks and work with Dan and the team, we could possibly have a seamless platform that really brings a lot of people into Web 3 and gets them familiar with blockchain. So I think it's going to be great.
Speaker 1:Yeah, and also and I probably should have started with this too, but it's cool that you guys got to hear all this before this part Dan's also not a random, so just some FYI on him, and I didn't get a chance to look into who else is on the team. I think he does have a co-founder and I think he's mentioned that his co-founder comes from the same professional background as him. He comes from Coinbase, right, and I mean kind of a perfect tie-in for why a lot of this is on the base blockchain. But I mean he comes from Coinbase. And so when you take a look at somebody who is used to dealing with both crypto and dealing with regular masses of people who need simple and onboarding, I mean there's a lot of great expertise that can come from somebody.
Speaker 1:And then when you talk about somebody who is aware of things like regulations and stuff like that, like he's going to have his finger on the tip I would think you know a lot better than some rando. And again, also, not only that, but he's a participant too on this side. He's not just a centralized guy. He owns DWRE. He's putting his money where his mouth is. He uses that as his username on Farkaster. So we've got a guy that's in our space that is building this platform out. That's legit, that's connected to pretty much all the worlds and the expertise to create a successful platform, you know, dare I say, like Coinbase.
Speaker 2:So, again, you know what if and if.
Speaker 2:I may not and not trying to be rude, pardon me for interjecting yeah, that probably would have been helpful in the beginning to know that he had ties, you know, with Coinbase, because the moment that you say it, that a lot of the things that you covered, oh, that makes sense, right, so, wow, okay, so now there's a little bit more clarity there, because with the name thing, when you say it, what you said about the calling back of the debanked or unbanked, I forgot what the name was, or the channel was, or channel name was.
Speaker 2:It just seemed random, right, but being that, like you said, he does have that Coinbase experience that he's been in this space, it sounds like I'm not justifying or not. It just sounds like the pace at which it seems that you know their team did that, it was probably like them kind of like knowing where this could go and taking a rather proactive step. So it's good to know that, okay. So, yeah, so, dan, coinbase. Do you know if any of the other individuals on the team for Farkaster are from Coinbase, or is he the only one?
Speaker 1:Like I said, I believe he mentioned his co-founder is also from came with him from Coinbase and, if I'm incorrect in that, there is the button called Google. Feel free to use it. He also again I think I mentioned earlier has done a lot of. He's doing his media tour right now on YouTube. So he's been, he's actually been on bankless. So yeah, there's that one. That would have been weird, right, if you couldn't get them to channel.
Speaker 2:Yeah, you probably want to get them to see if you can get them on for a tech talk.
Speaker 1:Yeah, so I actually have reached out and well, yeah, we'll see where that goes. But yeah, he's been on bankless. So if you are on YouTube, feel free to search their channel and then you kind of start from there to here. You know pretty much all about the platform directed from him, and that's the thing too. I love to be here, I love to be in this position to educate in the best way I can, but the same disclaimer that everyone should you know that I'm sure everyone agrees with my perspective is my perspective. This is what I learned. You've got to get your perspective.
Speaker 1:Listening to me is one way to get it. Please go to these YouTube videos, if you have those opportunities, and listen to it from Dan himself, because you may get something completely different out of what he said and what I got. You may get a completely different understanding. You may walk out of it more bullish than I am now right, but the good thing about it is at least the founder of this channel has been very active. I mean, like almost every single day I've seen a new video with them out and they've been quite informative. He knows his platform, he knows what he wants to do with it and he doesn't shy away from questions, so that is a big good sign, and this is actually about the time that I'm going to get around to wrapping it up Again for those of you who have sat here through. This really appreciate you guys, and hopefully you got enough information to get the past started.
Speaker 1:I did put my link up at the top so if you do want to join Farkaster or Warcast, like I said, you'll hear them interchangeably. So through my link, we'll reward you with 50 warps upon sign up and, depending on where you're at, it might cost you five bucks or it may be free. Go for it, king. See you guys up there. Go for it.
Speaker 3:I just want to say, first and foremost, thank you for taking both of you the host, taking the time out of your day to educate the community on Farkaster and the benefits of such. I know oftentimes it's very difficult for me as a builder to really take a break away from what I'm building to go learn about the new things. So being able to come to this space and listen to a very concise explainer of the value that it seeks to offer for different types of projects has been very helpful. So much to thank you for taking the time out of your day. I know time is valuable. I know you guys got a lot of other things in the work moment as well. Yeah, it's just. It's a beautiful thing to see all the things that we're capable of doing and utilizing this day and age. Again, I say this as being someone who's been building on chain for seven years now that I've watched a lot of things get overlooked and get misused or underutilized. So, seeing that you guys are really helping us be selective sponges, right, you know other spaces can regurgitate a bunch of BS or a bunch of things that really aren't as impactful to our underlying business model or the bottom line, whereas you guys come to us with the real and really just say, hey, here's what you should take a look at, here's how you should go about it, here's what you should consider Obviously through your own research, but here's the time taking out my day. So at least listen to it, understand the value that can seek to offer you and then, if it makes sense for you to use such, use it.
Speaker 3:So I appreciate you guys for coming just with the realness straightforward. You guys are OGs and legends in this space and for all those down in the space that tune in, thank you for your time. These individuals here are really you guys won't get a chance to have this type of close, direct interaction when this bull run kicks off. I'm telling you this. These individuals are going to be extremely busy. So let's take advantage of the time that they're giving us now, give them their flowers and make sure that they understand that we appreciate them for taking the time out to educate us. So to both the host, co-host and host keep doing your thing. You guys know I admire what you guys are doing in this space. There's very few of us in this space, so when I come across some of us, I truly appreciate and gravitate towards such, so thank you.
Speaker 1:Ben, as always, I appreciate the love and I appreciate you. Coming to the space is always some having something valuable to add as well, and this is what we do this for again to build, to share, to grow, to grind together. You know, a lot of us are, unfortunately, a lot of people we interact with in this space are just here to take from us. You know, I've always kind of pledged to be different, to give, because we can all earn together.
Speaker 1:We can all grow and grow together. This is free money that's out here. We got to fight over this. Why not share this? Why not bring other people on? Why not enrich each other? These are most of these people that I see right here on the stage and I can see are people I've been interacting with for over a year, some of them for two years. When it comes to Mike, why wouldn't I want to see you feed yourself? Yeah, this is what this is supposed to be for. So, just as much as I get you know a lot from creating this content and this knowledge and stuff, it's meant for you to grow, for you to build, for you to succeed again. You know it sounds weird for me to say I'm here working for you, but really I am. I'm here working for us. I'm giving myself the game and just sharing it publicly so that you can ride with me. Go for it, hank.
Speaker 3:No problem. Thank you again for just, truly just the wisdom that you guys bring to the table, that you share. And before I let you guys to close this space out, it would be wrong of me for me not to bring this to the space, the attention to the space. But in about five minutes we're going to be having our first music radio. We're going to have our first Afrobeat space. We're featuring several Afrobeats artists who are interested in tokenizing themselves in their brand. If possible, is it okay if I pin the space to the Jumbotron so people can tune in? Thank you so much.
Speaker 3:These individuals again, these individuals, these artists, I say, deserve a chance. They don't deserve to be on the sidelines in the upcoming cycle. They deserve to get the resources and the support and the tools that they deserve. Because I think Jay-Z was onto something. I think that he just happened to sell out too soon when he acquired title. He acquired a failing music streaming application and repositioned to be for artists by artists, only to sell out 33%, the sprint and the rest of the square to take a board seat.
Speaker 3:So the play in which we're presenting artists is their ability to deploy their own version of their own streaming platform in a title-like way and then have that be token gated and then also all the utilities around deploying a token being able to stake said token, use said token. In the ERC 1155 contract that meant their NFTs within their own platform or more. So I just want to say thank you for allowing me to share that to the Jumbotron above. For anyone who likes Afrobeats, come vibe out, come listen to some good music. One of the hosts is Kaguya. Their token launch is a third of a penny and it's currently trading at $5.20. We are going to be giving away some Kaguya in that space, so please just tap in. Much appreciated.
Speaker 1:Yeah, thank you for sharing that. And actually, before I close, I wanted to tap into that real quick. Another friend of mine in this space, Dil, is doing something kind of similar and I wanted to tell you and him y'all do not stop. So that's one of the things I did get from that Grammy event. I had a few people I was kind of because, like I said, I had to figure out a way to connect it with a whole lot of people on the spot and a lot of people brought up the fact that you could host music on there, tokenize it, radio, state Like they love that idea. The seeds have been planted and it's one day when they start paying attention to it. I went to the blockchain to figure out how to do it. You guys will be there. So y'all keep grinding, keep building. That's a solid well. You guys have going on. Trust me, it's got a big place in this place. Yeah, it doesn't.
Speaker 2:You know, listen. This is why, like, we have these tech talks, right, and we come together and we have this dialogue, right, but you get these even more special moments where you can highlight things that are a part of keeping the ecosystem strong and making it healthy. Right, you know, king, you come here and you listen, you bring a vibe with you and I'm going to be honest with you on the back end. We've had a few conversations via the DM, but I've done some digging and looking into the things that you and your team have going on, and a lot of it has to do with the fact that we've connected here in this space and when you hear people provide logic and you see that they're committed, it just makes you say you know what? Let me look into what they have going on.
Speaker 2:And when you do that, a lot of the times you find out about different segments of this space that you didn't know existed. Right, and you find yet another individual, another team and another project to support. But then, when you zoom out and you realize how all of these things are interconnected and you realize that when the team behind them are genuine and really want to move industry forward, really want to innovate, really want to educate, entertain and empower. You see the prospects for the future a lot clearer than you do when there's a lot of noise, right? So, you know, I'm very grateful for the opportunity to be able to come together, you know, every day during this particular point of the week, and share in the dialogue and then learn of something new and, you know, just kind of step back a little bit and tell one another thank you, thank you for what it is that you do, because there are going to be a lot of things that are going to come and go in this space. We've already seen it happen and once the masses start to come in, you're going to have a lot of people who are going to dance their way into this space hey, we've been here, we care and there's going to be a handful of folks that are going to sit there and say, no, don't listen to that, they weren't here before now.
Speaker 2:They're not to be discrediting, but to go ahead and keep people safe and keep them informed, because, really, what we want to do, we want to make sure that we provide opportunity, but we want to also make sure that we do our part to provide people with security right, because a lot of individuals are transitioning from the old way to the new way and we have an opportunity to help them discover what the new way is right.
Speaker 2:But a lot of people aren't going to be too comfortable with bringing their things from yesterday into the future if they can't be guaranteed that they're going to have a different hold on them right, that they're going to be able to extract a different type of value from them. And so, with all of this building and these spaces that we have and this connecting that we do, I think a lot of people are going to see a lot of security in the web 3 and blockchain space. So, you know, I know that was a bit long-winded, but you know. Thank you, king, and all of you all who have shown up for this space, because I make it a point to scroll through and get a glimpse of your profile photos and click on some of your profiles and read what you have going on, because it's important. Without you, all these faces will make nearly as much sense as they do.
Speaker 1:Man, thank you, oh, go for it, king.
Speaker 3:I just want to say thank you, legend, for those kind words. I truly appreciate it. And again, Iron Sharpens Iron. Let's get it.
Speaker 1:Yes, sir, yes sir, and yeah, I got to go ahead and wrap up this space now. Not only do I got to spend time with my family, but if you had been on Farcaster yesterday and minted some I don't even remember what I minted, but I'm getting news that it just revealed and it's from some special artist. So there's, yeah, a lot of his now on the platform. Hopefully you guys got enough information to make a good and educated decision. And if you guys do happen to join the platform, hope you find me and get connected again. My links are at the top but my branding is pretty consistent so you can type in high heart domains or you could type in with three domains and join the conversation thing I mentioned earlier in the free name group.
Speaker 1:We're going to be group. We're going to be using that channel to discuss the business of the main. So you know most of us are already familiar with the by domain listed somewhere and hope somebody buys it. But there are a whole lot of different ways to make money. I know a lot of us are here not only to build communities, but you know there's a financial aspect of this and there's a business to the man and there's a different ways to enter that business, and it doesn't just involve flipping domains. I don't flip many domains to people, but I do create value and a revenue for myself in the space. So I'm going to use that group to help people with their ideas. If you've got an idea for how you want to build in space using your TLD or any of your naming assets, it's to again collaborate to help people achieve that, because there is enough opportunity for all of us. We are in a very small bubble that, yeah, we're all here to make bigger.
Speaker 1:So, thank you guys again. Especially, thank you again to my co-host, chris. As always, as I promise you guys, he dropped some great dialogue, some great alpha. So, for any of you who were not able to listen to the entire space, it is recorded. You're able to listen back to it. You're also able to find it on our website in a couple of days at iHeartDomainscom, and it will be on our podcast. But, yes, thank you so very much to you Chris, thank you King, thank you Mike, thank you to everybody who has come to the spaces and, yeah, with that being said, I hope you enjoy the rest of your week and, well, thank you for attending another iHeartDomains Tech Talk. I'll see you guys on Farkaster. Enjoy your day.