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Speaker 1: It's about competitiveness on the court, but collaboration off the court.

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Speaker 1: So on the sidelines is where all the magic happens.

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Speaker 1: It's the dealmaking. It's the four million dollars being invested

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Speaker 1: in each other, um, it's the starting new projects, it's

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Speaker 1: the being hired by one another. And it all started

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Speaker 1: because on the court, it provides an opportunity for members

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Speaker 1: to essentially like play and essentially have like these non

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Speaker 1: verbal communications queues being activated, like you know, when you're passing,

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Speaker 1: you put on the ball and you're making a shot.

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Speaker 1: I have a relationship with you that's a little bit

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Speaker 1: deeper than you know just me giving you a business card.

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Speaker 1: I'm with Lucas and this is Black Tech, Green Money.

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Speaker 1: I'm gonna introduce you to some of the biggest names,

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Speaker 1: some of the brightest minds and brilliant ideas. Feel Black

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Speaker 1: in building or simply using Texas to get your back.

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Speaker 1: This podcast is Feel Derek Thomas, otherwise known as DT,

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Speaker 1: is founder and CEO at Doal Labs, a launch path

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Speaker 1: of dows which stands at the intersection of community, crypto

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Speaker 1: and culture, and social engineer, co creator of Miami Tech

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Speaker 1: Runs and l A Tech Runs which brings together emerging

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Speaker 1: and established founders, vcs and creatives to build community, hoop

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Speaker 1: and practice mindfulness. In my d m s, they're full

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Speaker 1: of questions about dows, crypto, n f T s and like,

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Speaker 1: so I brought on Derrek Thomas DT to talk about

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Speaker 1: the ows and really break down what they are and

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Speaker 1: what they could mean for you and your organization. A

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Speaker 1: DOWN stands for decentralized autonomous organizations. You know, as the

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Speaker 1: name suggests, it's a DOWN. A DOLL is a organization

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Speaker 1: that's automated by computer code UM and open for anyone

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Speaker 1: to participate as long as they meet some basic requirements UM.

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Speaker 1: Being autonomous means that the smart contract can help run

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Speaker 1: the majority of the process without human interference, and out

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Speaker 1: is created and managed by a community with collectively manage

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Speaker 1: which collectively manages its funds and projects. So you know,

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Speaker 1: that's kind of like how it works and a very

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Speaker 1: lament way of saying it is. A DOW is essentially

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Speaker 1: a group chat, shared bank account, and cap table. So

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Speaker 1: as an example, I'm gonna guess, like, so, like let's

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Speaker 1: take your Miami Tech runs. You're gonna say, if I

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Speaker 1: hold one of these tokens, or these coins, and we

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Speaker 1: want to play on Saturday instead of Sunday. You know,

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Speaker 1: that's a proposal that I can make to the community. Yeah, absolutely,

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Speaker 1: So you know, when you're thinking about you know, in practice, right, UM,

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Speaker 1: there are certain things that you want to propose to

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Speaker 1: the entire community, and then there are certain things that

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Speaker 1: you may want to propose just just like you're working

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Speaker 1: group UM. And I'll explain what working groups are in

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Speaker 1: in the later half of this, but essentially there's usually

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Speaker 1: you know, governance is something that everyone is essentially trying

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Speaker 1: error trying erroring and creating some type of process around.

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Speaker 1: But essentially when you're thinking about UM playing and the

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Speaker 1: rules of the game as well as the cadences of

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Speaker 1: which you meet. When when you guys uh decide to

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Speaker 1: you know, pay certain people when the treasury is used,

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Speaker 1: usually you use that use that voting UM tool to

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Speaker 1: actually make that possible. So you know, there's so many

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Speaker 1: people who are you know, very Internet savvy, can can

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Speaker 1: build software, etcetera. And there's others who are just really

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Speaker 1: good community builders, people who know how to get people

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Speaker 1: engaged in you know, social efforts and etcetera, which which

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Speaker 1: is more important when you think about creating a successful doubt,

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Speaker 1: the technology of a doubt or the ability to galvanize

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Speaker 1: community around it. Great question. Um, I think both is

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Speaker 1: really really important. UM. But being good at the community

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Speaker 1: I think stands become it becomes just more it's more imperative. UM.

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Speaker 1: There's tons of tools out there that allow us to

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Speaker 1: you know, spin up a doubt and not necessarily focus

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Speaker 1: so heavily on the actual underlying technology. But essentially the

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Speaker 1: way that the technology works is built on like these

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Speaker 1: open source blockchains where you know, anyone can see what's

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Speaker 1: written into the code, right UM. Proposals can be submitted,

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Speaker 1: audits can be happened around the group's treasury, UM, and

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Speaker 1: it you know, other actions can actually you know, be

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Speaker 1: recorded and essentially shared on a transparent record UM, around

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Speaker 1: the entire community. So like you can focus on the technology,

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Speaker 1: but there's no doubt or there's no community, I mean

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Speaker 1: if there's there, if there there's no community, you know,

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Speaker 1: no doubt, there's no doubt, right so, or no successful

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Speaker 1: one for sure a doubt. So you know, I think

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Speaker 1: that community becomes the true indicator of like what's important. UM.

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Speaker 1: And there's a few things you've got to really consider

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Speaker 1: when you think about the community, Right, you gotta think

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Speaker 1: about the north star, like what's important, like the purpose

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Speaker 1: behind why you're creating it. Um, you got to think

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Speaker 1: about whether or not, like what you're choosing to do

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Speaker 1: the functionality is it truly decentralized? Can you achieve that?

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Speaker 1: Can can can what you want to achieve be better

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Speaker 1: off centralized? Or should it be something that you get

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Speaker 1: a collective vote on? Um The logic sticks around that,

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Speaker 1: which is really important as well as like how you

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Speaker 1: handle um certain things to actually accomplish that. And then

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Speaker 1: like the narrative, like what are you're sharing to the

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Speaker 1: community to keep them engaged, keep them moving forward? The

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Speaker 1: mission and vision of values, and then like essentially the

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Speaker 1: lifespan of it, like where are you going to Like

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Speaker 1: how what do you create this doubt to do? Like

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Speaker 1: the constitutional doubt for example, was created to simply purchase

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Speaker 1: the constitutional I mean the constitution and make that whereas

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Speaker 1: in some like like tech runs. You know it's started

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Speaker 1: off as basketball, but essentially the next of it is

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Speaker 1: the idea of building like this playground at this ultimate

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Speaker 1: playground in the metaverse. But eventually what we're getting to

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Speaker 1: its building and decentralized sports league, like and what and

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Speaker 1: how having different you know, locations play against one another,

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Speaker 1: So what does that look like? Right? And so all

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Speaker 1: these different pieces play a role, but none of that

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Speaker 1: can be done without community. Could so could you could

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Speaker 1: have the new version of the NBA in five years

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Speaker 1: or ten years? Pretty much? I mean as possible. I

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Speaker 1: mean anything is possible, right U. I'm not saying that. Uh,

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Speaker 1: you know, it just comes down to we're explored. We're

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Speaker 1: gonna explore. You said, you said a couple of things

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Speaker 1: there that I thought were really interesting in it. I

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Speaker 1: think there's two ways, Like you started these tech runs

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Speaker 1: with people who want to play ball, right and then

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Speaker 1: but when I listen to you talk now here like

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Speaker 1: something like there's a mission in some respects. What was

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Speaker 1: the thing that got people excited about these tech runs

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Speaker 1: when it's like we're here to play ball, But it

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Speaker 1: wasn't like we're here to save you know, the whales.

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Speaker 1: You know what I'm saying. I get like why people

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Speaker 1: want to save the whales, but why would I buy

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Speaker 1: a token to play basketball? What was the value there

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Speaker 1: that you believe was you know, the driving force to

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Speaker 1: people being engaged with techlers. Good question. Um. The key

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Speaker 1: thing for us is we're building the ultimate playground at

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Speaker 1: the intersection of the force crypto and culture, you know,

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Speaker 1: for us, and it it was really about how can we

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Speaker 1: mobilize and essentially grab the crypto curious, those who are

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Speaker 1: crypto native, but the crypto curious and bring them into

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Speaker 1: Web three UM in a way in which that was

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Speaker 1: really native and to their current like way of life, right, UM,

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Speaker 1: And I think the the what we are we're in

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Speaker 1: a we're in a new generation the internet, and the

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Speaker 1: Internet is essentially moving at a pace that's um, you know,

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Speaker 1: that's exponential, but also at a pace where a lot

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Speaker 1: of people, and we've seen this in the past, have

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Speaker 1: been left behind. So my question is like, how can

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Speaker 1: we not onboard the masses into Web three, but how

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Speaker 1: do we bring Web three down to the masses so

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Speaker 1: that it can be digestible, easy for them to understand,

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Speaker 1: and then through that process of that shared interests, we

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Speaker 1: can then you know, essentially teach them the way UM

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Speaker 1: in a way in which that's fun, native, um and

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Speaker 1: respectable by most. So you know, when you think about dalstals,

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Speaker 1: one of a doll killer would be idleists. So when

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Speaker 1: you're thinking about sports unifies, that's the natural property of it.

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Speaker 1: It's one that people can play, it's one that people

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Speaker 1: can watch and bet on UM. And we saw, you know,

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Speaker 1: me being a former athlete, like I've seen it in

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Speaker 1: so many different ways build and essentially unite communities. So

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Speaker 1: I wanted to test that model UM out in this

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Speaker 1: space and create one of the first sports social clubs

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Speaker 1: that can allow for people to kind of gather around,

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Speaker 1: build around something that they completely understand, and then take that,

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Speaker 1: take that lesson and UM taken to the next level.

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Speaker 1: So the mission is, the vision is a lot larger

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Speaker 1: than even that, But we knew that we had to

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Speaker 1: get people in the game. And we're not talking about

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Speaker 1: on the court. We're talking about in the game of

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Speaker 1: web grade. No that that response, it's probably one of

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Speaker 1: the better ones I've heard, because I see so many

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Speaker 1: doubts and I don't have a question here, but this

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Speaker 1: is more common. I have all of these, you know,

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Speaker 1: dials that come across my desk, you know, a proverbial desk,

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Speaker 1: and you know, everybody is looking for like what the

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Speaker 1: utility is, Like, what is the value of somebody owning

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Speaker 1: this particular token? And the way you just described it,

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Speaker 1: you know, the dial killer is idleness. And so when

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Speaker 1: you're creating something that creates community, getting people out in

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Speaker 1: the basketball court, I get now why that that's stronger.

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Speaker 1: The utility UM is so important to the success of

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Speaker 1: the doll. You've got these people who are coming out, celebrities,

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Speaker 1: even people who are can be crypto whales come out

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Speaker 1: and play because they want to be around like minded

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Speaker 1: people who are investing in this thing called Web three

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Speaker 1: and they found community and they want to get out

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Speaker 1: and play ball with some people who you know are

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Speaker 1: similarly situated, so really really good in and let me

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Speaker 1: share and let me share if something but if that's okay. UM.

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Speaker 1: The result of that, right, the result of using sports

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Speaker 1: as just a proxy UM. You get the people that

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Speaker 1: when we first started UM had no cryptolola, they knew

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Speaker 1: nothing about purpe um, and just a short four months,

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Speaker 1: not only did they have full understanding of you know,

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Speaker 1: they are now crypto native, they were also you know,

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Speaker 1: choosing certain lanes. So some were going down the n

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Speaker 1: f T Degon route where they learned a lot about

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Speaker 1: n f T. That became something that they were passionate

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Speaker 1: and interesting, interested in some went down to the down,

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Speaker 1: you know, and created more downs, like we spent up

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Speaker 1: a yoga down out a result of the tech lines

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Speaker 1: down UM. And now they go on retreats and holding

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Speaker 1: that membership token allows you to get access to places

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Speaker 1: all over the like Egypt, um um, excuse me, all

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Speaker 1: over the world, like Egypt and St. Louis, St. Lucia

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Speaker 1: and you know, in some parts of Africa. So but

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Speaker 1: beyond that, it's about, you know, and I think it's

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Speaker 1: really important. It's about collaborative competitiveness on the court, but

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Speaker 1: collaboration off the court. So on the sidelines where the

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Speaker 1: magic happens. It's the dealmaking. It's the four million dollars

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Speaker 1: being invested in each other. Um, it's the starting new projects,

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Speaker 1: it's the being hired by one another. And it all

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Speaker 1: started because on the court it provides an opportunity for

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Speaker 1: members to essentially UM like play and essentially have like

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Speaker 1: these non verbal communications queues being activated, like and when

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Speaker 1: you're passing you on the ball, when you're making a shot,

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Speaker 1: I have a relationship with you that's a little bit

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Speaker 1: deeper than you know, just me giving you a business card. Right,

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Speaker 1: So it's like thinking about it in that in that fashion,

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Speaker 1: and I think that's what created the success of it,

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Speaker 1: and not from an economic perspective. You know, not only

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Speaker 1: are we playing together, building try having fun, but we

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Speaker 1: also token is rising because more people are joining, more

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Speaker 1: people are finding the utility UM successful student valuable to

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Speaker 1: them and then through them you know, now people are

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Speaker 1: also earning at a high pace. No, I like that

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Speaker 1: a lot. And you talked about this the value of

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Speaker 1: that community, and it's starting to pervade into other lanes

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Speaker 1: of athleticism yoga. You mentioned when you think about tech runs,

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Speaker 1: what was the initial catalyst that caused the community you're

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Speaker 1: building to be successful? Because anybody could have just said

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Speaker 1: I'm gonna put together a basketball down, But how was

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Speaker 1: your community built? Like, what was the impetus to get

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Speaker 1: people interested in d T S? Right? I think, um,

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Speaker 1: it was a couple. The number one thing is the

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Speaker 1: community became the mode. We were very very like intentional

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Speaker 1: about like who we had joined um to kind of

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Speaker 1: spirit had this community. So we went after entrepreneurs, founders, creators, investors,

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Speaker 1: those who are you know, not just like minded, but

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Speaker 1: they have something to offer. And it got to a

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Speaker 1: point where during the second half of members who were

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Speaker 1: essentially um, you know, like we started to recognize that,

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Speaker 1: like the news, the headlines that were happening, the mergers

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Speaker 1: and acquisitions, the big plays that were happening not only

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Speaker 1: interesting where three, but just around the country in tech.

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Speaker 1: You know, someone in IDOW actually played a part in

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Speaker 1: our role and making that possible. So now someone like

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Speaker 1: me who did this last did this like our you

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Speaker 1: know t K deal. You know, like, can you share

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Speaker 1: some some thoughts around us and give us some insight

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Speaker 1: so you know, from the public view, they can allow

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Speaker 1: us to see, you know, how deals are being done,

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Speaker 1: how things are being built, and giving me a certain

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Speaker 1: knowledge set that I had no you know, no access

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Speaker 1: to prior to being a part of this style, right,

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Speaker 1: So I think it's stuff like that that creates a

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Speaker 1: lot of value UM And through that, partnerships started to happen.

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Speaker 1: And that's when, like we played at the Miami Heat arena,

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Speaker 1: we partnered with like the f t X arena to

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Speaker 1: actually make that possible. And that's when you know, the news,

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Speaker 1: you know, the news took off. I mean, people start

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Speaker 1: to recognizing that, oh wow, like this this is not

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Speaker 1: only a cool doubt, but they also played on NBA

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Speaker 1: cords and then skyboxes. They're going to Puerto Rico. They're like,

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Speaker 1: right now our logo is on a professional basketball team,

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Speaker 1: which is incredible. And that's exactly what happened from there.

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Speaker 1: Like once that started to take off and we started

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Speaker 1: to scale into different cities, we believe that we're like

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Speaker 1: a global community, but essentially like a local culture. We

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Speaker 1: want to make sure that. The reason why we do

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Speaker 1: it this way because we recognize every city has their

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Speaker 1: own culture and we don't want to distruct that by

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Speaker 1: making it like one size fits all. I love that

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Speaker 1: you're a businessman too, you know. I don't want to

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Speaker 1: assume that you do this just because out of the

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Speaker 1: kindness of your heart. I imagine it could be, but

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Speaker 1: I imagine that there's a business opportunit here for you

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Speaker 1: as well and for the community. And so can you

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Speaker 1: explain how the economics work? You know, because if I

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Speaker 1: start a company, I get you know, I sell a product,

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Speaker 1: I generate revenue. If I sell a service, I generate

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Speaker 1: revenue and something. You know, whatever that bottom line is,

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Speaker 1: you know, those that's my profit. That's the money I

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Speaker 1: get to take home and buy a new car, A

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Speaker 1: new house or whatever. Pay my bills with the DOW.

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Speaker 1: How does it work in the respect of I get

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Speaker 1: to build something that is governed by a decentralized and

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Speaker 1: autonomous computer system software, but there's revenue in it for

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Speaker 1: not just the community. But how does DT get paid?

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Speaker 1: Because if I want to go hard to DOW, how

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Speaker 1: do I get paid? Ultimately? Absolutely absolutely, so they're the

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Speaker 1: economics is pretty proofful. It's really supportive of the entire give. Essentially,

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Speaker 1: dolls get value to the edges and community. So the

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Speaker 1: way in which you can earn UM is by engaging UM.

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Speaker 1: We have a system set forth where you know, members

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Speaker 1: can join working groups and build different silos of the

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Speaker 1: community so that the community can function as a whole right. UM.

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Speaker 1: We have growth leads, partnership leads, We have people that

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Speaker 1: handle membership relations which is essentially like onboarding people. UM.

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Speaker 1: We have people that lead the community. We also have

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Speaker 1: people that lead the governors to treasury management. So the

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Speaker 1: way we do that UM is we provide resources like

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Speaker 1: we provide the resources in the in the form of

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Speaker 1: the native token UM some U s DC depending on

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Speaker 1: like the scenario UM, and they get paid for bounties

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Speaker 1: like different projects that they work on and complete. UM

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Speaker 1: and as this token continuous to increase, you know, we

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Speaker 1: have a structure where you can pay. You can get

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Speaker 1: paid in two different ways. One is, you know, you

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Speaker 1: can get paid by a certain set of tokens right

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Speaker 1: which you can capture the outside as it continues to

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Speaker 1: increase UM. I Obviously the variable or the risk to

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Speaker 1: that is like if it starts to drop, you'll you'll

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Speaker 1: catch that out, you know it catch it downside as well.

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Speaker 1: But on the other side, there is also the stable

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Speaker 1: aspect of it, like you can say, hey, listen, I'm

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Speaker 1: gonna we can all vote to give someone you know

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Speaker 1: two part time for a month of their opportunities or

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Speaker 1: like if they complete a certain amount of tasks I

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Speaker 1: when you're put on either a salary or a project

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Speaker 1: based situation, and that would be given into the native token,

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Speaker 1: but they were given in the amount in which we

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Speaker 1: set for, like if it's two thousand, two thousands worth

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Speaker 1: of this native token UM and uh so that's the

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Speaker 1: way we incentivize our community. And so the way I

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Speaker 1: get paid is you know, the same way. UM And

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Speaker 1: then like there's a couple other you know, a mad

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Speaker 1: like magical I think magical opportunities where you can, once

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Speaker 1: you earn enough tokens, you can do a lot of

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Speaker 1: things with it to actually like transition that into eat

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Speaker 1: or um, you know, like you know, create what they

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Speaker 1: call liquidity prod pools to actually like pay yourself, you know,

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Speaker 1: through the fees. And I mean obviously I can go

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Speaker 1: into the great detail and that later, but essentially you

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Speaker 1: can be a liquidity provider where like I take some

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Speaker 1: of my tokens and now added to a pool, meaning

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Speaker 1: so that other members like you will and that's how

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Speaker 1: or whoever can actually join the community. And because I

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Speaker 1: create a pool, I expanded the pot of which people

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Speaker 1: can join, right the amount of tokens and encirculated supply.

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Speaker 1: And because of that, it's almost like a token appreciation.

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Speaker 1: I can get paid in fees, almost like a bank

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Speaker 1: to actually have people join and be can be in

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Speaker 1: a an important be in the form of ethereum, or

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Speaker 1: it can be in the form of the native token

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Speaker 1: of vote. So and this is from my mown benefit,

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Speaker 1: because I've had so many people We've been having these

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Speaker 1: dial conversations, and I heard this quote that says you

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Speaker 1: can't bring a web two way of thinking into web

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Speaker 1: read and I think there's like a disconnect with so

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Speaker 1: many people who are trying to think of how to

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Speaker 1: make this make sense. And so I'm gonna ask you, like,

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Speaker 1: is is it what you just explained? Is it kind

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Speaker 1: of like you know, I get paid, Like think about

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Speaker 1: the traditional stock market. I get paid in more stocks

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Speaker 1: of you know, McDonald's or whatever. And by engaging with

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Speaker 1: the community of McDonald's, they give me more stocks, and

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Speaker 1: so I get to pay my bills when I cash

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Speaker 1: that stock out. Is that what you're saying kind of

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Speaker 1: how dolls works off? If I engage with the tech

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Speaker 1: runs down, I earn these tokens. Therefore, you know you're saying,

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Speaker 1: I get to, you know, realize that personal reward. Does

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Speaker 1: that is that get turned into dollars when I just

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Speaker 1: decided to cash in some of those tokens so that

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Speaker 1: I can go pay my bills, so that I can

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Speaker 1: go take a vacation, Right? Is that what you're saying? Yeah,

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Speaker 1: to a certain degree, yes, like you have you can

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Speaker 1: get paid in the quote unquote company's equity. Right. Um,

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Speaker 1: when I was at Tesla, you know, you know, through

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Speaker 1: bone this as we have bonuses and instead of cash,

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Speaker 1: we had equity. We got paid more and more testa

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Speaker 1: stock UM, and that can pay off later on, like

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Speaker 1: you know, especially when you're giving earlier UM. Given the

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Speaker 1: fact that Tesla has you know, performed the way it

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Speaker 1: has in markets, so the same model comes here. But

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Speaker 1: it also, like Web two is not completely vanished from

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Speaker 1: Web three. So like the idea that like there's a

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Speaker 1: complete separation. No, um, it's just a follow on. Like

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Speaker 1: it's ReadWrite and own. It's not only own, it's also

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Speaker 1: right too. So like when we think about the model,

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Speaker 1: we still wanna you know, how do you make you know,

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Speaker 1: the salaries competitive. We look at ways in which we

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Speaker 1: can um. We look in the market and say, hey, listen,

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Speaker 1: how much more someone get paid in normal dollars and

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00:20:50,840 --> 00:20:53,480
Speaker 1: then like we can apply that in this model. Um,

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Speaker 1: and we're just getting paid in the native token. So

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Speaker 1: it all comes down to now when we're talking about

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Speaker 1: the Web three, you know, play of it. It's okay

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Speaker 1: your you might receive the native token, if you might

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Speaker 1: receive and those two things. UM, it's something in which

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Speaker 1: if you have coin based, if you have all these

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Speaker 1: other like if they're blocked by some of these other

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Speaker 1: like banking tools that are more web three native UM.

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Speaker 1: It can give you an opportunity to you know, you

386
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Speaker 1: can hold your crypto and like borrow against it, or

387
00:21:21,560 --> 00:21:25,760
Speaker 1: you can essentially cash out whenever you you find out

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Speaker 1: to be suitable as well. So how can people who

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Speaker 1: are you you talked about some of the people who

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00:21:30,240 --> 00:21:32,199
Speaker 1: came to tech Runs didn't even have a wallet in

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Speaker 1: the beginning. How can people who are UM trying to

392
00:21:37,000 --> 00:21:40,359
Speaker 1: get dial experience interested in things like tech runs and

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Speaker 1: others friends with benefits and of it, Like, how can

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Speaker 1: we easily get dial experience if we want to dip

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Speaker 1: our toe in the water to just kind of figure

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Speaker 1: this thing out. What are some things you would recommend

397
00:21:50,440 --> 00:21:54,080
Speaker 1: we do. I think the the best thing you can

398
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Speaker 1: do is participation so you can learn a little bit.

399
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Speaker 1: But I think just jumping in UM. And what jumping

400
00:21:58,880 --> 00:22:02,280
Speaker 1: in looks like is you know, there's communities, like if

401
00:22:02,320 --> 00:22:06,159
Speaker 1: you see say tech runs, and you see the activity

402
00:22:06,200 --> 00:22:09,080
Speaker 1: that's going on, like our d ms are stacked, and

403
00:22:09,040 --> 00:22:11,440
Speaker 1: in our d ms we have members saying, hey, listen,

404
00:22:11,600 --> 00:22:13,320
Speaker 1: I want to join. How do I get up? How

405
00:22:13,320 --> 00:22:15,520
Speaker 1: do I get a how do I get around or

406
00:22:15,760 --> 00:22:18,399
Speaker 1: get around like becoming a member or you know, how

407
00:22:18,400 --> 00:22:21,000
Speaker 1: do I participate UM. The best way in which we

408
00:22:21,000 --> 00:22:24,320
Speaker 1: can do that is through UM. We have like a

409
00:22:24,359 --> 00:22:28,040
Speaker 1: membership application process, right, so like you can apply. Once

410
00:22:28,080 --> 00:22:31,040
Speaker 1: you apply, we have our membership relations people, you know,

411
00:22:31,200 --> 00:22:34,040
Speaker 1: start to do her due diligence and essentially reach out

412
00:22:34,080 --> 00:22:36,000
Speaker 1: to those people and those people and she kind of

413
00:22:36,000 --> 00:22:38,640
Speaker 1: walks through that process why they be a good fit,

414
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Speaker 1: et cetera, and then eventually they buy the token. So

415
00:22:41,480 --> 00:22:44,919
Speaker 1: like the decentralized part of it is, you know, for

416
00:22:45,000 --> 00:22:47,280
Speaker 1: most people, you can you can buy your tokens and

417
00:22:47,480 --> 00:22:49,760
Speaker 1: you can buy someone's tokens and that's the first start.

418
00:22:50,280 --> 00:22:52,520
Speaker 1: So friends with benefits the same thing, you buy their tokens.

419
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Speaker 1: You can apply M. Once you apply, you get reached

420
00:22:55,480 --> 00:22:58,720
Speaker 1: out to and you know you join that that that

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00:22:58,840 --> 00:23:01,640
Speaker 1: first group, that private discord channel, once you own those

422
00:23:01,680 --> 00:23:05,000
Speaker 1: tokens and you've been approved, and then they walk you

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00:23:05,040 --> 00:23:07,280
Speaker 1: through that you know, their own boarding process from their

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00:23:07,359 --> 00:23:10,400
Speaker 1: from their ether. So it's you know, every process has

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00:23:10,440 --> 00:23:13,480
Speaker 1: a different model. UM. Some you can just join by

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00:23:13,520 --> 00:23:16,119
Speaker 1: just buying the n f T or just a token.

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Speaker 1: Some has an application process because they're kind of like

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Speaker 1: vetting the vibes and trying to have controlling They just

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Speaker 1: making sure that like the vibes are being you know,

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Speaker 1: UM are fourth yeah, is being protected. UM, but it's

431
00:23:31,640 --> 00:23:33,520
Speaker 1: it's not necessary. And then some just have an open

432
00:23:33,560 --> 00:23:35,520
Speaker 1: group chat like l a tech runs has an open

433
00:23:35,560 --> 00:23:38,280
Speaker 1: group chat. You can join by just clicking on the

434
00:23:38,320 --> 00:23:41,480
Speaker 1: Lincoln by in an Instagram bio and then boom like

435
00:23:41,520 --> 00:23:44,639
Speaker 1: once you're in there, you can talk for some of

436
00:23:44,640 --> 00:23:46,880
Speaker 1: the members, you can talk to some of the tokenholders

437
00:23:47,359 --> 00:23:49,280
Speaker 1: and UM, you can figure out who the leadership is.

438
00:23:49,359 --> 00:23:54,240
Speaker 1: You'll see all the the UM, all the notes and

439
00:23:54,640 --> 00:23:57,880
Speaker 1: vision vision vision envission values. You can break things down

440
00:23:57,880 --> 00:24:02,240
Speaker 1: from there. So I'm always interested in where black people fit,

441
00:24:02,440 --> 00:24:07,000
Speaker 1: you know, with regards to Web three opportunity. What unique

442
00:24:07,000 --> 00:24:10,320
Speaker 1: perspective do you believe black people bring to the conversation

443
00:24:10,760 --> 00:24:12,919
Speaker 1: of Web three, not just dis but n F T

444
00:24:13,119 --> 00:24:15,520
Speaker 1: S and the whole Like, what what do we uniquely

445
00:24:16,200 --> 00:24:21,879
Speaker 1: bring that we can realize the value of good question? UM?

446
00:24:22,000 --> 00:24:25,120
Speaker 1: Our culture? I P. I think the way in which

447
00:24:25,160 --> 00:24:31,280
Speaker 1: we operate UM, it's it's clearly very different. The way

448
00:24:31,320 --> 00:24:35,760
Speaker 1: we consume is very powerful. UM. The way we you know,

449
00:24:35,880 --> 00:24:40,639
Speaker 1: we can influence different brands. I mean, most of most brands,

450
00:24:40,640 --> 00:24:43,080
Speaker 1: and it's in America is built off of black culture.

451
00:24:43,680 --> 00:24:46,280
Speaker 1: So when you think about, you know, how we can

452
00:24:46,280 --> 00:24:50,200
Speaker 1: play and how we can you know, participate in this

453
00:24:50,320 --> 00:24:54,080
Speaker 1: new this new paradigm shift that's happening in the Internet.

454
00:24:54,359 --> 00:24:57,000
Speaker 1: I think that the key thing is we can bring

455
00:24:57,040 --> 00:24:59,680
Speaker 1: that those tastemakers, we can bring the way in which

456
00:24:59,680 --> 00:25:01,399
Speaker 1: we want to do business. Like there used to be

457
00:25:01,440 --> 00:25:04,879
Speaker 1: a cookout, you know, dow that essentially brought people together

458
00:25:04,920 --> 00:25:08,480
Speaker 1: and essentially had that same model of the pigure like hey, listen,

459
00:25:08,480 --> 00:25:11,480
Speaker 1: we're gonna talk about this over you know, over play

460
00:25:11,520 --> 00:25:13,639
Speaker 1: the food or whatever, case and be. And then essentially,

461
00:25:14,119 --> 00:25:16,359
Speaker 1: you know, as they built out certain projects, they're gonna

462
00:25:16,359 --> 00:25:20,240
Speaker 1: invest in one another. Then there's opportunities like ours, which

463
00:25:20,320 --> 00:25:24,200
Speaker 1: is a very diverse and inclusive down sports it was

464
00:25:24,400 --> 00:25:27,520
Speaker 1: dominated by black culture, to be honest, right, So how

465
00:25:27,560 --> 00:25:30,800
Speaker 1: can we how can we leverage And I noticed that

466
00:25:30,920 --> 00:25:34,040
Speaker 1: like our down and some of the other social downs

467
00:25:34,040 --> 00:25:37,159
Speaker 1: out there, mainly us in Friends of Epest are like

468
00:25:37,200 --> 00:25:39,720
Speaker 1: some of the most diverse dous. We're not like all

469
00:25:39,800 --> 00:25:43,639
Speaker 1: women's style, we're not all anything that We're literally a

470
00:25:43,680 --> 00:25:46,200
Speaker 1: melting pot um. I think it's because of the cultural

471
00:25:46,240 --> 00:25:50,359
Speaker 1: ip that we chose to participate in. Um. Beyond that,

472
00:25:50,560 --> 00:25:55,400
Speaker 1: I think it's what we choose to do, right. Um.

473
00:25:55,440 --> 00:25:58,480
Speaker 1: You know I said this before. I was talking to

474
00:25:58,480 --> 00:26:02,280
Speaker 1: a friend and I mentioned that I never traded collectibles

475
00:26:02,720 --> 00:26:04,159
Speaker 1: when I was a young kid, I was still in

476
00:26:04,200 --> 00:26:08,639
Speaker 1: line for our pair of Jordan's right. I you know,

477
00:26:08,680 --> 00:26:10,480
Speaker 1: I put things on the lay away. I put my

478
00:26:10,520 --> 00:26:12,720
Speaker 1: no official awhere, like I did things like you know

479
00:26:12,800 --> 00:26:15,119
Speaker 1: my parents put just to set up so that you

480
00:26:15,119 --> 00:26:18,560
Speaker 1: can still use the same thought processes to actually play

481
00:26:18,560 --> 00:26:20,399
Speaker 1: in the space. Right, Like putting your sign on the

482
00:26:20,480 --> 00:26:22,480
Speaker 1: layaway is basically saying all, I'm gonna put some down

483
00:26:23,760 --> 00:26:26,040
Speaker 1: at the at the floor, and then when it becomes

484
00:26:26,080 --> 00:26:29,720
Speaker 1: popular or when it becomes in season, essentially I'm gonna

485
00:26:29,760 --> 00:26:32,120
Speaker 1: go in and and buy up. So it's the same

486
00:26:32,160 --> 00:26:33,879
Speaker 1: thing like buying a n f T is like minting

487
00:26:33,920 --> 00:26:35,520
Speaker 1: at the early stages, and you're learning how to get

488
00:26:35,520 --> 00:26:37,760
Speaker 1: in at the early stages, and then when it becomes

489
00:26:37,800 --> 00:26:40,480
Speaker 1: popular you can buy more where you can you know,

490
00:26:40,560 --> 00:26:42,000
Speaker 1: you can sell or you can do things, but you're

491
00:26:42,040 --> 00:26:43,880
Speaker 1: learning how to get in early. And the same thing

492
00:26:43,920 --> 00:26:47,119
Speaker 1: with the drops, right, like Jordan drops whatever it is,

493
00:26:47,119 --> 00:26:48,200
Speaker 1: and you're still in a lot of for us, so

494
00:26:48,240 --> 00:26:51,080
Speaker 1: you understand that process of like getting in early and

495
00:26:51,560 --> 00:26:54,359
Speaker 1: the value of having access to information to actually make

496
00:26:54,400 --> 00:26:56,919
Speaker 1: that decision happen. But I think that the type of

497
00:26:57,400 --> 00:26:59,439
Speaker 1: communities that we're gonna be able to form in the

498
00:26:59,480 --> 00:27:01,159
Speaker 1: black culture is going to be second or nine. I

499
00:27:01,160 --> 00:27:06,520
Speaker 1: think it's sally under represent it, um, but gladly in

500
00:27:06,040 --> 00:27:08,320
Speaker 1: a in a in a position that we're going to

501
00:27:08,400 --> 00:27:11,480
Speaker 1: actually be able to play at like at the you know,

502
00:27:11,520 --> 00:27:14,439
Speaker 1: I think at the forefront. I love that when you

503
00:27:14,480 --> 00:27:18,000
Speaker 1: think about particularly black communities, but communities at whole, Like,

504
00:27:18,600 --> 00:27:21,840
Speaker 1: there are things that are still missing in our culture.

505
00:27:21,840 --> 00:27:25,040
Speaker 1: Dows are new to most people. Um. This is probably

506
00:27:25,080 --> 00:27:27,360
Speaker 1: a phrase we got familiar with in the last six

507
00:27:27,440 --> 00:27:30,440
Speaker 1: months or so. But if I'm thinking about creating a DOW,

508
00:27:32,160 --> 00:27:37,200
Speaker 1: what are spaces that you believe are super right for

509
00:27:37,359 --> 00:27:43,199
Speaker 1: DOW creation? UM, believe it or not, any community with

510
00:27:43,800 --> 00:27:48,000
Speaker 1: that has purpose, right, I think the possibilities are endless. Um.

511
00:27:48,040 --> 00:27:51,880
Speaker 1: We're talking that reddi group chat that you have, you know,

512
00:27:52,400 --> 00:27:56,600
Speaker 1: that Facebook group that wants to gather around to raise

513
00:27:56,680 --> 00:28:02,640
Speaker 1: capital or raise resources to for some positive some outcome. Right,

514
00:28:02,680 --> 00:28:06,160
Speaker 1: There's things like ours, like bringing together people to build

515
00:28:06,240 --> 00:28:10,679
Speaker 1: sports leagues. There's, um, I mean just the possibility and endless.

516
00:28:10,720 --> 00:28:12,679
Speaker 1: I think that I would like to you know, have

517
00:28:12,760 --> 00:28:15,200
Speaker 1: people encourage I mean encourage people to actually just try

518
00:28:15,640 --> 00:28:19,320
Speaker 1: new try new things, whether it's a songwriter down where

519
00:28:19,400 --> 00:28:23,760
Speaker 1: you're bringing together people together to essentially um, you know,

520
00:28:23,920 --> 00:28:27,399
Speaker 1: write songs from major artists and then that major artists

521
00:28:27,400 --> 00:28:31,720
Speaker 1: like Beyonce can pay that dolls treasury to lightnse some

522
00:28:31,800 --> 00:28:35,439
Speaker 1: of that work. There's there's so many activations and I

523
00:28:35,440 --> 00:28:39,320
Speaker 1: think that and uh, you know, the potential for use

524
00:28:39,360 --> 00:28:43,040
Speaker 1: cases for dolls is you know, it's it's endless. So

525
00:28:43,720 --> 00:28:47,760
Speaker 1: to that end, how because you talked about black culture

526
00:28:47,800 --> 00:28:50,360
Speaker 1: in dolls, you know, and what we bring to it.

527
00:28:50,880 --> 00:28:53,600
Speaker 1: But how does culture impact the success of a doll?

528
00:28:53,720 --> 00:28:57,040
Speaker 1: Like you talked about black I P and etcetera, Like

529
00:28:58,120 --> 00:29:01,680
Speaker 1: is it important to be more fully who we are

530
00:29:01,720 --> 00:29:08,840
Speaker 1: more presently black? And like how does that impact the success? Gotcha? Um?

531
00:29:08,880 --> 00:29:14,640
Speaker 1: You know, we're living in a world where authenticity is scaling, right, um,

532
00:29:14,640 --> 00:29:19,880
Speaker 1: Our digital identities are becoming more prevalent than anything else before.

533
00:29:19,960 --> 00:29:23,840
Speaker 1: But everyone is becoming creators. You know in this new world,

534
00:29:24,040 --> 00:29:26,160
Speaker 1: you know you own the value create. So as we

535
00:29:26,200 --> 00:29:29,120
Speaker 1: are creating on the Internet, I think that the way

536
00:29:29,160 --> 00:29:31,920
Speaker 1: in which we choose to create um plays a huge

537
00:29:32,000 --> 00:29:34,800
Speaker 1: role in that. So when you think about cultural impact,

538
00:29:35,440 --> 00:29:40,160
Speaker 1: we're thinking, you know, it drives the engagement because people

539
00:29:40,600 --> 00:29:44,040
Speaker 1: get to align themselves with things that you care mostly about.

540
00:29:44,320 --> 00:29:46,760
Speaker 1: And I think the engagement is the essential building block

541
00:29:47,080 --> 00:29:50,960
Speaker 1: for a successful doubt. If your culture speaks to a community,

542
00:29:51,360 --> 00:29:54,360
Speaker 1: you know, your community will naturally drive that doubt success

543
00:29:54,400 --> 00:29:57,600
Speaker 1: through participation in engagement. So you know, when you think

544
00:29:57,600 --> 00:30:00,760
Speaker 1: about cultural impact, it's like, you know, it's it's the

545
00:30:00,800 --> 00:30:03,360
Speaker 1: words that we choose, the language, it's the way in

546
00:30:03,400 --> 00:30:05,760
Speaker 1: which we talk to one another in that down you know,

547
00:30:06,040 --> 00:30:07,920
Speaker 1: right now you have a big thing you see gm

548
00:30:08,040 --> 00:30:11,440
Speaker 1: g mg MGM. Right, that's that's cool for you know,

549
00:30:12,200 --> 00:30:15,160
Speaker 1: that's a culture. That's a cultural like that's a cultural language.

550
00:30:15,480 --> 00:30:18,160
Speaker 1: But if you think about someone like Beyonce she has

551
00:30:18,200 --> 00:30:21,280
Speaker 1: to be high, which is like a cultural world in itself.

552
00:30:21,400 --> 00:30:24,360
Speaker 1: Or you have someone like uh, you know, think of

553
00:30:24,480 --> 00:30:27,960
Speaker 1: Nicki Minaj. She has the Barbie Crew and they speak

554
00:30:27,960 --> 00:30:30,320
Speaker 1: a certain way, they act a certain way, like there's

555
00:30:30,360 --> 00:30:33,400
Speaker 1: a there's a there's a cultural I P and and

556
00:30:33,480 --> 00:30:36,440
Speaker 1: swagger about them, and I think that which keeps them aligned,

557
00:30:36,440 --> 00:30:39,280
Speaker 1: and it keeps them engaged, and it keeps people participating

558
00:30:39,280 --> 00:30:41,719
Speaker 1: and also identifying who they are. And the same thing

559
00:30:41,720 --> 00:30:46,360
Speaker 1: goes for Greek. So when you think about cultural impact UM,

560
00:30:46,440 --> 00:30:48,440
Speaker 1: you can think about the like what are the what

561
00:30:48,520 --> 00:30:50,600
Speaker 1: are the norms? Like what like what is the language

562
00:30:50,640 --> 00:30:53,120
Speaker 1: you're trying to get? And also I think it ties

563
00:30:53,240 --> 00:30:56,280
Speaker 1: right back into like how communities are built, right the

564
00:30:56,360 --> 00:30:58,920
Speaker 1: best way in the way communities are built, it's your purpose,

565
00:30:59,280 --> 00:31:02,840
Speaker 1: the goals, the purpose of that community need to be defined.

566
00:31:03,320 --> 00:31:05,720
Speaker 1: And then through this like the community can naturally be built.

567
00:31:06,200 --> 00:31:09,440
Speaker 1: And then now and when you narrowly define your community's

568
00:31:09,480 --> 00:31:13,880
Speaker 1: purpose and goals, you know, that's everything during the initiation

569
00:31:13,920 --> 00:31:16,840
Speaker 1: process of building. And then like once you set the community,

570
00:31:16,920 --> 00:31:20,080
Speaker 1: set to throw the culture um, you can now collaborate

571
00:31:20,120 --> 00:31:24,040
Speaker 1: and coordinate because there's people that already have, you know,

572
00:31:24,080 --> 00:31:26,200
Speaker 1: a sense of belonging and they feel like all right,

573
00:31:26,280 --> 00:31:28,120
Speaker 1: like I you know, I know where I'm going, I

574
00:31:28,200 --> 00:31:30,040
Speaker 1: know what I'm about, I know what I'm a part of.

575
00:31:30,320 --> 00:31:33,680
Speaker 1: And now you can start building these these tribal um

576
00:31:33,720 --> 00:31:38,960
Speaker 1: you know U effects, it's really really really really uh

577
00:31:39,200 --> 00:31:42,880
Speaker 1: ex exciting, but it's also really fascinating at the same time.

578
00:31:43,480 --> 00:31:45,960
Speaker 1: So for folks who are not super technical and they're

579
00:31:45,960 --> 00:31:49,440
Speaker 1: watching this right now um or listening to this howere

580
00:31:49,520 --> 00:31:51,160
Speaker 1: and they want to start it down, They've got an

581
00:31:51,160 --> 00:31:55,080
Speaker 1: idea for a community down in their local geography. They

582
00:31:55,080 --> 00:31:57,120
Speaker 1: want to build one for their city or for their

583
00:31:57,200 --> 00:31:59,920
Speaker 1: friends group. I remember one of the guys you were

584
00:32:00,040 --> 00:32:03,960
Speaker 1: in with at Afro Tech executive in Miami. He said,

585
00:32:03,960 --> 00:32:06,520
Speaker 1: like a doll is like a group chat with a

586
00:32:06,560 --> 00:32:10,200
Speaker 1: battle sheet, and I thought that was pretty important and sweet.

587
00:32:10,680 --> 00:32:12,920
Speaker 1: So if if I'm not super technical, but I want

588
00:32:12,920 --> 00:32:15,240
Speaker 1: to start a DOW, where do I start? How do

589
00:32:15,280 --> 00:32:21,480
Speaker 1: I do this? Right? I mean there's tons of resources online. Um,

590
00:32:21,680 --> 00:32:25,400
Speaker 1: there's DOW launch pads. I mean, we have one Labs

591
00:32:25,480 --> 00:32:27,640
Speaker 1: is essentially a down launch pad where you can come

592
00:32:27,680 --> 00:32:29,800
Speaker 1: and learn and make we make it easy to make

593
00:32:29,800 --> 00:32:33,000
Speaker 1: it manage social dowa um, and we provide you with

594
00:32:33,040 --> 00:32:36,880
Speaker 1: the tools to token creation as well as the uh

595
00:32:36,920 --> 00:32:38,479
Speaker 1: you know, help you with to go to the community

596
00:32:38,480 --> 00:32:40,280
Speaker 1: strategic because we recognize that some of these members of

597
00:32:40,360 --> 00:32:45,240
Speaker 1: crypto curious versus cryptal native. Right, So, um, there's launch

598
00:32:45,280 --> 00:32:47,920
Speaker 1: paths out there that's also an opportunity for you guys

599
00:32:47,920 --> 00:32:51,840
Speaker 1: to read up on different materials and launch you know,

600
00:32:52,840 --> 00:32:56,720
Speaker 1: a group chat. Right, there's cole and there's discourse. You

601
00:32:56,720 --> 00:32:59,920
Speaker 1: can start there. Um, it doesn't really you know, the

602
00:33:00,120 --> 00:33:03,160
Speaker 1: first part of building downs you have to build a community.

603
00:33:03,760 --> 00:33:07,080
Speaker 1: So building a community having a north star that one

604
00:33:07,120 --> 00:33:09,440
Speaker 1: liner purpose of like what what you guys are getting

605
00:33:09,480 --> 00:33:13,760
Speaker 1: together about, right, um, deciding whether or not this community

606
00:33:13,840 --> 00:33:17,720
Speaker 1: is centralized and decentralized as another factor, right like and

607
00:33:17,720 --> 00:33:22,160
Speaker 1: then um looking at the logistics, like identifying like what

608
00:33:22,280 --> 00:33:25,080
Speaker 1: needs to be handled, you know, to accomplish the north

609
00:33:25,120 --> 00:33:28,000
Speaker 1: star goal. So like, once you have like some of

610
00:33:28,000 --> 00:33:31,280
Speaker 1: these key things in place, then at that point you

611
00:33:31,280 --> 00:33:33,760
Speaker 1: can just go to one of the launch pads. You

612
00:33:33,800 --> 00:33:36,680
Speaker 1: can come to me if you need to, um, you

613
00:33:36,720 --> 00:33:39,720
Speaker 1: can go to other communities that already have hows um

614
00:33:39,960 --> 00:33:42,160
Speaker 1: join one, and then like from there you learn to

615
00:33:42,320 --> 00:33:57,800
Speaker 1: lay the land. Black Tech Green Money is to production

616
00:33:57,840 --> 00:34:01,200
Speaker 1: of Black and the Afro Tech, the Black Fact Podcast Network,

617
00:34:01,280 --> 00:34:03,960
Speaker 1: and i Heeart Media, and it's produced by Morgan Dubon

618
00:34:04,120 --> 00:34:08,040
Speaker 1: and me Well Lucas, with additional production support by Love

619
00:34:08,080 --> 00:34:12,279
Speaker 1: beacham Risa Lewis. Special thank you to Michael Davis, your

620
00:34:12,280 --> 00:34:14,799
Speaker 1: main halles's of car savan Yan you know like the

621
00:34:14,880 --> 00:34:18,680
Speaker 1: white Yes, that's this really. Learn more about my guests

622
00:34:18,680 --> 00:34:21,560
Speaker 1: and other technis shoppers to innovators, to afrotech dot com,

623
00:34:21,640 --> 00:34:23,880
Speaker 1: and the video version of this episode will drop the

624
00:34:23,880 --> 00:34:28,000
Speaker 1: Black Tech Green Money on YouTube. So tapping enjoy your

625
00:34:28,000 --> 00:34:30,719
Speaker 1: black Tech Green money, leave us a five star rading

626
00:34:30,760 --> 00:34:35,799
Speaker 1: on iTunes. Go eat your money, peace and love,