WEBVTT - Web3 creates a deep sense of FOMO 0:00:00.120 --> 0:00:02.680 You know, when you think about traditional social media, as 0:00:02.680 --> 0:00:06.040 we thought about community in Web two, UM they have 0:00:06.200 --> 0:00:09.720 evolved to um innovate on their algorithms to help you 0:00:09.760 --> 0:00:12.479 determine what you should see, things that you know you 0:00:12.880 --> 0:00:15.520 missed while you were offline, right, And so how do 0:00:15.560 --> 0:00:18.040 you imagine because you just kind of touched on this 0:00:18.120 --> 0:00:21.639 and go deeper, I'm asking, how do you imagine in 0:00:21.760 --> 0:00:25.560 Web three things may be curated so that inside of 0:00:25.560 --> 0:00:28.040 that forty different channels, I'm a part of the things 0:00:28.080 --> 0:00:30.840 I should see. It's still going to determine, Okay, Will 0:00:30.880 --> 0:00:34.960 needs to see this? So I think it's it's it's 0:00:35.000 --> 0:00:37.600 dependent on the cut type of community. Right. So there's 0:00:37.600 --> 0:00:40.360 a lot of these communities in which you guys are 0:00:40.440 --> 0:00:42.479 in this community because you own a certain n f 0:00:42.520 --> 0:00:44.479 T and if you own these n f t s, 0:00:44.640 --> 0:00:48.479 then there's typically some utility that you get from owning 0:00:49.040 --> 0:00:52.040 from having this shared experience of owning this NFC and 0:00:52.080 --> 0:00:55.480 that utility could be a party in New York or 0:00:55.520 --> 0:00:59.080 at a conference, or it could be a discount with 0:00:59.160 --> 0:01:01.400 a retailer. There's all types of things that could be 0:01:01.440 --> 0:01:03.880 contact tickets. You just never know what these um what 0:01:03.960 --> 0:01:06.880 the utility is that that these n f T communities 0:01:06.880 --> 0:01:10.840 are bringing to their members UM. But basically, you know, 0:01:11.640 --> 0:01:13.880 depending on the community, the type of community you're in, 0:01:14.560 --> 0:01:17.480 your administrator or the person that's kind of running the community, 0:01:17.560 --> 0:01:19.679 or the or even the community members, which is something 0:01:19.680 --> 0:01:23.399 we can talk about later about like decentralization and empowering 0:01:23.400 --> 0:01:26.360 the community members to decide what's most important. But it 0:01:26.400 --> 0:01:28.360 depends on the type of community. Because if you're in 0:01:28.880 --> 0:01:31.920 UH an n f T community where their utility, you 0:01:31.920 --> 0:01:33.600 want to make sure and your administrators want to make 0:01:33.600 --> 0:01:36.520 sure that you're not missing any messages, right, that you're 0:01:36.560 --> 0:01:39.760 not missing any of that utility, any of that UM 0:01:39.760 --> 0:01:42.280 any of the perks for joining that community, because that's 0:01:42.319 --> 0:01:44.959 why you're there, right. That's yes, you bought some beautiful 0:01:45.000 --> 0:01:47.360 art maybe UM, but part of the reason why you're 0:01:47.360 --> 0:01:50.120 there is because there's all of these different perks that 0:01:50.160 --> 0:01:52.840 you can get if you're in more of an alpha community, 0:01:52.880 --> 0:01:56.000 which is a community in which you're talking about different 0:01:56.040 --> 0:01:59.280 plays that you can UM invest in to get money 0:01:59.480 --> 0:02:04.280 or to UM join other communities. So in alpha community, UH, 0:02:04.320 --> 0:02:07.160 there there's there may be perks, there may be allowed 0:02:07.200 --> 0:02:10.040 lists and other ways that UM you can benefit from 0:02:10.080 --> 0:02:13.160 being in that community, but the most important messages maybe 0:02:13.160 --> 0:02:17.000 those allow lists, maybe the opportunities for you to learn 0:02:17.080 --> 0:02:20.040 about other projects in which you could potentially make money. 0:02:20.080 --> 0:02:24.200 So I think UM determining what who determines what the 0:02:24.240 --> 0:02:28.200 information UM that you need is is the manager and 0:02:28.240 --> 0:02:30.800 in other cases, which is what we're kind of playing 0:02:30.840 --> 0:02:34.880 with now and looking at the emoji reactions and the 0:02:34.960 --> 0:02:37.440 unique emoji reactions. So if you go into discord, now 0:02:38.120 --> 0:02:42.320 there's messages that could have ten, twenty who knows, you know, 0:02:42.480 --> 0:02:47.160 unique a different emoji so hard eyes, um, heart fire. 0:02:47.240 --> 0:02:49.799 There's all these different things that people are responding to 0:02:50.000 --> 0:02:52.400 messages with and so we're right now we're playing with 0:02:52.440 --> 0:02:56.680 an algorithm that will show us what's most important based 0:02:56.760 --> 0:02:59.560 on how the community quote unquote voted. So they didn't 0:02:59.560 --> 0:03:01.960 necessary really go in and put a poll in, but 0:03:02.000 --> 0:03:05.280 they voted by their engagement. UM. That's something that we're 0:03:05.320 --> 0:03:07.720 trying to play with a little bit. We just started 0:03:07.760 --> 0:03:13.440 and we're noticing that each community is so different communities. 0:03:13.560 --> 0:03:17.000 Some communities are faster, Some communities right really long messages. 0:03:17.040 --> 0:03:20.640 Some communities have thirty emojis, Like it's it's really interesting 0:03:20.680 --> 0:03:23.280 to see the difference um, but I think what we're 0:03:23.280 --> 0:03:25.880 talking about now about letting the community decide and looking 0:03:25.919 --> 0:03:29.760 at the unique reactions and how people are reacting, letting 0:03:29.800 --> 0:03:33.560 that be what's most important is the next phase. It's 0:03:33.600 --> 0:03:36.080 black tech, green money. Share this podcast with the people 0:03:36.080 --> 0:03:36.800 you're closest to.