1 00:00:00,240 --> 00:00:03,520 Speaker 1: Afro Tech is back in Austin, Texas. This November is 2 00:00:03,560 --> 00:00:06,040 Speaker 1: the place for all things black tech and Web three. 3 00:00:06,280 --> 00:00:09,360 Speaker 1: The in person afro Tech conference experience is bridging the 4 00:00:09,360 --> 00:00:14,800 Speaker 1: worlds of afro technologists, innovators, investors, corporations, musicians, and everyone 5 00:00:14,880 --> 00:00:17,520 Speaker 1: in between. So pull up, grab your crew, and grab 6 00:00:17,520 --> 00:00:20,360 Speaker 1: your tickets and join us at the largest black professional 7 00:00:20,400 --> 00:00:23,919 Speaker 1: conference of the year. This experienced the afro Tech Dot count. 8 00:00:23,960 --> 00:00:35,480 Speaker 1: To learn more, I'm Will Lucas and this is Black Tech, 9 00:00:35,720 --> 00:00:38,440 Speaker 1: Green Money. I'm gonna enter this. You to some of 10 00:00:38,520 --> 00:00:41,239 Speaker 1: the biggest names, some of the brightest minds and brilliant 11 00:00:41,280 --> 00:00:44,320 Speaker 1: ideas I feel black in building were simply using Texas 12 00:00:44,320 --> 00:00:52,839 Speaker 1: Secure your back. This podcast is for you. Shanja Washington 13 00:00:52,920 --> 00:00:56,440 Speaker 1: worked in financial services in New York to she learned 14 00:00:56,480 --> 00:00:59,880 Speaker 1: corporate finance and financial modeling as a technology investment banker 15 00:01:00,120 --> 00:01:02,360 Speaker 1: at one of the fastest growing investment banks in the 16 00:01:02,400 --> 00:01:07,200 Speaker 1: World's teen She co found the TBC Capital and Education 17 00:01:07,319 --> 00:01:10,920 Speaker 1: first investment firm. Today, she's on the own demand CFO 18 00:01:11,280 --> 00:01:14,520 Speaker 1: and strategist for early stage companies and its co founder 19 00:01:14,560 --> 00:01:17,560 Speaker 1: at black at, which is building a token gated community 20 00:01:17,600 --> 00:01:22,520 Speaker 1: of black creatives investors in entrepreneurs. I asked Chandra, who's 21 00:01:22,560 --> 00:01:24,960 Speaker 1: deep in the throws of building a community on the blockchain, 22 00:01:25,400 --> 00:01:28,360 Speaker 1: what is the fundamental difference between building a web three 23 00:01:28,360 --> 00:01:31,880 Speaker 1: community versus building and I r L community. So, I 24 00:01:31,880 --> 00:01:34,920 Speaker 1: actually don't think there's a difference between um web three 25 00:01:34,920 --> 00:01:37,520 Speaker 1: community and I r community. The only thing is the 26 00:01:38,560 --> 00:01:42,680 Speaker 1: mechanism in which community is being delivered. So typically with 27 00:01:42,800 --> 00:01:45,440 Speaker 1: I r L you may be doing text messages to 28 00:01:45,480 --> 00:01:47,880 Speaker 1: find each other and then you're getting involved or you're 29 00:01:47,920 --> 00:01:51,920 Speaker 1: getting together um and you're meeting I r O the Well, 30 00:01:52,000 --> 00:01:54,360 Speaker 1: the one difference I would say, I guess, um, I'm 31 00:01:54,360 --> 00:01:57,559 Speaker 1: going to backtrack a little bit, would be that we're 32 00:01:57,600 --> 00:02:00,680 Speaker 1: like on all the time. So there is no all 33 00:02:01,280 --> 00:02:04,680 Speaker 1: on um web three communities. So with black at were 34 00:02:04,680 --> 00:02:09,519 Speaker 1: literally texting. We're texting Sunday evening about like what movies 35 00:02:09,840 --> 00:02:13,000 Speaker 1: we had seen as like children, so like there's always 36 00:02:13,080 --> 00:02:16,919 Speaker 1: somebody talking about something. Uh. And so if I did 37 00:02:16,919 --> 00:02:19,240 Speaker 1: have to choose a difference, it would definitely be that 38 00:02:19,360 --> 00:02:22,040 Speaker 1: you're always on. You don't have to wait to schedule 39 00:02:22,120 --> 00:02:25,000 Speaker 1: to see your friends. They're just always there. Somebody's always 40 00:02:25,000 --> 00:02:27,079 Speaker 1: there and they can be a lot bigger. I said 41 00:02:27,120 --> 00:02:31,600 Speaker 1: there's no differences, and then here I am, they can 42 00:02:31,639 --> 00:02:33,720 Speaker 1: be a lot bigger, right, Like you don't have to 43 00:02:34,480 --> 00:02:38,840 Speaker 1: um coordinate schedules, you don't have to UM fly to 44 00:02:38,880 --> 00:02:41,840 Speaker 1: see your friends like in digital in the digital world 45 00:02:41,919 --> 00:02:44,320 Speaker 1: and web three, your friends can be anywhere. We have 46 00:02:44,360 --> 00:02:47,000 Speaker 1: people that are in London, we have people um that 47 00:02:47,080 --> 00:02:48,919 Speaker 1: are on the other side of the world and on 48 00:02:48,960 --> 00:02:50,800 Speaker 1: the other side of the country, and we're all up 49 00:02:50,840 --> 00:02:54,200 Speaker 1: at different times um communicating and having fun with each other. 50 00:02:54,720 --> 00:02:56,640 Speaker 1: So I think that points to an interesting thing I 51 00:02:56,639 --> 00:02:58,320 Speaker 1: was gonna bring up later in this conversation, but it 52 00:02:58,360 --> 00:03:00,400 Speaker 1: makes sense to bring it up now. And when I 53 00:03:00,440 --> 00:03:03,000 Speaker 1: think about platforms that I'm a part of, like Discord, 54 00:03:03,160 --> 00:03:07,079 Speaker 1: for instance, I get that a discord can be very 55 00:03:07,160 --> 00:03:11,280 Speaker 1: intimidating just for the amount of information coming through for people, 56 00:03:11,360 --> 00:03:13,760 Speaker 1: especially people were trying to understand what the heck you 57 00:03:13,760 --> 00:03:16,000 Speaker 1: know the blockchain is, what n f t s are, 58 00:03:16,200 --> 00:03:19,119 Speaker 1: what you know dows are, And so when you think 59 00:03:19,120 --> 00:03:22,720 Speaker 1: about this thing is never really off. How do you 60 00:03:22,840 --> 00:03:26,400 Speaker 1: manage the flood flurry of information coming at you when 61 00:03:26,400 --> 00:03:27,959 Speaker 1: you're just trying to figure out, you know, where the 62 00:03:28,000 --> 00:03:31,440 Speaker 1: bathroom is. Yeah, so that's actually really fun that you 63 00:03:31,440 --> 00:03:34,040 Speaker 1: brought that up. So a couple of things. They're one. 64 00:03:34,240 --> 00:03:36,240 Speaker 1: I think we did my team did research and we 65 00:03:36,320 --> 00:03:38,440 Speaker 1: found that people were and it's a crazy number. I 66 00:03:38,480 --> 00:03:42,280 Speaker 1: think people were involved with about forty different communities. Whether 67 00:03:42,320 --> 00:03:45,080 Speaker 1: you're checking all of them, whether you're talking and all 68 00:03:45,120 --> 00:03:47,520 Speaker 1: of them, that's a different story because you're most likely 69 00:03:47,600 --> 00:03:51,480 Speaker 1: a thousand percent not but being a part of forty communities, 70 00:03:51,520 --> 00:03:55,000 Speaker 1: you are going to miss something UM and typically what 71 00:03:55,040 --> 00:03:58,200 Speaker 1: we're seeing is that people are finding the communities in 72 00:03:58,240 --> 00:04:02,000 Speaker 1: which they UM either are getting the most alpha, so 73 00:04:02,120 --> 00:04:04,840 Speaker 1: where they're getting the most information that will make them money, 74 00:04:04,880 --> 00:04:08,200 Speaker 1: whether it's in Web three or investing or whatever UM 75 00:04:08,360 --> 00:04:12,240 Speaker 1: or they're they're involved in the communities in which they 76 00:04:12,320 --> 00:04:15,160 Speaker 1: are finding their friends and like they have some type 77 00:04:15,200 --> 00:04:19,359 Speaker 1: of shared interest, so they could be social communities. But 78 00:04:19,600 --> 00:04:21,479 Speaker 1: one of the things that we did at black at 79 00:04:21,760 --> 00:04:25,520 Speaker 1: is we took on that problem head on. So our CTO, 80 00:04:25,880 --> 00:04:30,280 Speaker 1: Audrey Taylor Quinnya started and we were in all three 81 00:04:30,320 --> 00:04:33,039 Speaker 1: All three of the co founders of black at are 82 00:04:33,400 --> 00:04:36,039 Speaker 1: part of CPT, which is another token gated Web three 83 00:04:36,080 --> 00:04:39,159 Speaker 1: community UM and the messages were moving very fast. It's 84 00:04:39,160 --> 00:04:42,920 Speaker 1: about six people in there at one point, and messages 85 00:04:42,920 --> 00:04:44,840 Speaker 1: were moving so fast. So Audrey took it upon herself 86 00:04:44,880 --> 00:04:48,680 Speaker 1: to create this UM this product. It was an m 87 00:04:48,760 --> 00:04:51,880 Speaker 1: v P where she said, how do I get the 88 00:04:51,920 --> 00:04:55,920 Speaker 1: best information to the people that aren't able to talk 89 00:04:56,000 --> 00:04:58,760 Speaker 1: or aren't able to check all of these UM discords 90 00:04:58,760 --> 00:05:00,680 Speaker 1: and all of these telegram messages is And so we 91 00:05:00,760 --> 00:05:03,560 Speaker 1: created a product black ats first product product, which we 92 00:05:03,640 --> 00:05:07,200 Speaker 1: launched in June called Gated to solve that exact problem. 93 00:05:07,279 --> 00:05:10,719 Speaker 1: So basically, what we're doing, we're going into these discords, 94 00:05:11,120 --> 00:05:14,800 Speaker 1: We're going into these telegram groups, and we're finding either 95 00:05:15,320 --> 00:05:18,400 Speaker 1: the penned messages, so a message that is penned is 96 00:05:18,440 --> 00:05:21,600 Speaker 1: something that an administrator says, hey this is important, let 97 00:05:21,600 --> 00:05:24,120 Speaker 1: me pin it to the top of the chat. Or 98 00:05:24,320 --> 00:05:28,080 Speaker 1: we're looking at the engagement. So how many people, how 99 00:05:28,080 --> 00:05:31,440 Speaker 1: many different unique emojis were did people give to this 100 00:05:31,560 --> 00:05:35,720 Speaker 1: one UM this one message because obviously it's important. So 101 00:05:35,760 --> 00:05:38,719 Speaker 1: we're going into these group messages or these group chats, 102 00:05:38,760 --> 00:05:42,120 Speaker 1: and then we're taking the most important information and sending 103 00:05:42,120 --> 00:05:44,320 Speaker 1: it directly to your email. So we're making it easier 104 00:05:44,360 --> 00:05:47,440 Speaker 1: for people UM to get that information because it's super 105 00:05:47,480 --> 00:05:52,599 Speaker 1: super hard to catch up, especially if you're in forty communities. Yeah, 106 00:05:52,640 --> 00:05:55,279 Speaker 1: go in a little bit further there. Because you know, 107 00:05:55,320 --> 00:05:58,040 Speaker 1: when you think about traditional social media, as we thought 108 00:05:58,080 --> 00:06:01,839 Speaker 1: about community in Web two, UM they have evolved to 109 00:06:02,480 --> 00:06:05,400 Speaker 1: um innovate on their algorithms to help you determine what 110 00:06:05,480 --> 00:06:08,440 Speaker 1: you should see, things that you know you missed while 111 00:06:08,480 --> 00:06:11,440 Speaker 1: you were offline, right, And so how do you imagine 112 00:06:11,560 --> 00:06:13,719 Speaker 1: because you just kind of touched on this and go deeper, 113 00:06:13,800 --> 00:06:18,200 Speaker 1: I'm asking, how do you imagine in Web three, things 114 00:06:18,240 --> 00:06:21,760 Speaker 1: may be curated so that inside of that forty different channels, 115 00:06:21,760 --> 00:06:24,400 Speaker 1: I'm a part of the things I should see. It's 116 00:06:24,400 --> 00:06:26,640 Speaker 1: still going to determine, Okay, Will needs to see this. 117 00:06:28,360 --> 00:06:30,680 Speaker 1: So I think it's it's it's dependent on the cut 118 00:06:30,720 --> 00:06:33,520 Speaker 1: type of community. Right. So there's a lot of these 119 00:06:33,680 --> 00:06:36,400 Speaker 1: communities in which you guys are in this community because 120 00:06:36,400 --> 00:06:38,279 Speaker 1: you own a certain n f T And if you 121 00:06:38,360 --> 00:06:41,080 Speaker 1: own these n f t s, then there's typically some 122 00:06:41,200 --> 00:06:44,839 Speaker 1: utility that you get from owning from having this shared 123 00:06:44,880 --> 00:06:48,280 Speaker 1: experience of owning this NFC and that utility could be 124 00:06:48,440 --> 00:06:51,800 Speaker 1: a party in New York or at a conference, or 125 00:06:51,880 --> 00:06:55,479 Speaker 1: it could be a discount with a retailer. There's all 126 00:06:55,520 --> 00:06:57,359 Speaker 1: types of things it could be contract tickets. You just 127 00:06:57,440 --> 00:07:00,240 Speaker 1: never know what these um what the utility is that 128 00:07:00,240 --> 00:07:02,920 Speaker 1: that these n f T communities are bringing to their 129 00:07:02,960 --> 00:07:07,640 Speaker 1: members UM. But basically, you know, depending on the community, 130 00:07:07,640 --> 00:07:10,880 Speaker 1: the type of community you're in, your administrator or the 131 00:07:10,880 --> 00:07:13,000 Speaker 1: person that's kind of running the community, or the or 132 00:07:13,000 --> 00:07:15,000 Speaker 1: even the community members, which is something we can talk 133 00:07:15,000 --> 00:07:19,400 Speaker 1: about later about like decentralization and empowering the community members 134 00:07:19,400 --> 00:07:22,040 Speaker 1: to decide what's most important. But it depends on the 135 00:07:22,040 --> 00:07:24,320 Speaker 1: type of community. Because if you're in uh an n 136 00:07:24,360 --> 00:07:27,320 Speaker 1: f T community where their utility, you want to make 137 00:07:27,320 --> 00:07:29,400 Speaker 1: sure and your administrators want to make sure that you're 138 00:07:29,440 --> 00:07:32,080 Speaker 1: not missing any messages, right, that you're not missing any 139 00:07:32,160 --> 00:07:35,200 Speaker 1: of that utility, any of that UM any of the 140 00:07:35,200 --> 00:07:38,280 Speaker 1: perks for joining that community, because that's why you're there, right. 141 00:07:38,280 --> 00:07:41,400 Speaker 1: That's yes, you bought some beautiful art maybe UM, but 142 00:07:41,480 --> 00:07:43,200 Speaker 1: part of the reason why you're there is because there's 143 00:07:43,320 --> 00:07:45,880 Speaker 1: all of these different perks that you can get if 144 00:07:45,920 --> 00:07:48,880 Speaker 1: you're in more of an alpha community, which is a 145 00:07:48,880 --> 00:07:51,720 Speaker 1: community in which you're talking about different plays that you 146 00:07:51,760 --> 00:07:56,320 Speaker 1: can UM invest in to get money or to UM 147 00:07:56,400 --> 00:08:00,000 Speaker 1: join other communities. So an alpha community uh there there 148 00:08:00,480 --> 00:08:02,560 Speaker 1: there may be perks. There may be allowed lists and 149 00:08:02,640 --> 00:08:05,440 Speaker 1: other ways that UM, you can benefit from being in 150 00:08:05,480 --> 00:08:09,000 Speaker 1: that community, But the most important messages maybe those allow lists, 151 00:08:09,080 --> 00:08:13,400 Speaker 1: maybe the opportunities for you to learn about other projects 152 00:08:13,400 --> 00:08:15,520 Speaker 1: in which you could potentially make money. So I think 153 00:08:16,080 --> 00:08:20,840 Speaker 1: UM determining what who determines what the information UM that 154 00:08:20,880 --> 00:08:24,120 Speaker 1: you need is is the manager and in other cases, 155 00:08:24,160 --> 00:08:27,160 Speaker 1: which is what we're kind of playing with now and 156 00:08:27,200 --> 00:08:31,000 Speaker 1: looking at the emoji reactions and the unique emoji reactions. 157 00:08:31,000 --> 00:08:34,120 Speaker 1: So if you go into discord now there's messages that 158 00:08:34,120 --> 00:08:38,280 Speaker 1: could have ten, twenty who knows, you know, unique a 159 00:08:38,280 --> 00:08:42,520 Speaker 1: different emoji so hard eyes, um, heart fire. There's all 160 00:08:42,559 --> 00:08:45,640 Speaker 1: these different things that people are responding to messages with 161 00:08:45,920 --> 00:08:48,719 Speaker 1: and so we're right now we're playing with an algorithm 162 00:08:48,760 --> 00:08:52,280 Speaker 1: that will show us what's most important based on how 163 00:08:52,320 --> 00:08:55,360 Speaker 1: the community quote unquote voted. So they didn't necessarily go 164 00:08:55,400 --> 00:08:57,840 Speaker 1: in and put a poll in, but they voted by 165 00:08:58,000 --> 00:09:01,040 Speaker 1: their engagement. UM. That's something we're trying to play with 166 00:09:01,080 --> 00:09:04,640 Speaker 1: a little bit. We just started, and we're noticing that 167 00:09:05,720 --> 00:09:09,520 Speaker 1: each community is so different communities. Some communities are faster, 168 00:09:09,760 --> 00:09:13,680 Speaker 1: some communities right really long messages. Some communities have thirty 169 00:09:13,760 --> 00:09:17,040 Speaker 1: emojis like it's it's really interesting to see the difference. Um, 170 00:09:17,080 --> 00:09:19,560 Speaker 1: but I think what we're talking about now about letting 171 00:09:19,559 --> 00:09:22,960 Speaker 1: the community decide and looking at the unique reactions and 172 00:09:23,000 --> 00:09:26,320 Speaker 1: how people are reacting, letting that be what's most important 173 00:09:26,559 --> 00:09:29,240 Speaker 1: is the next phase. I think that. So I'm a 174 00:09:29,280 --> 00:09:32,360 Speaker 1: part of a community which hasn't been released publicly, but 175 00:09:33,120 --> 00:09:35,640 Speaker 1: as part of building that community, it was built for 176 00:09:35,679 --> 00:09:40,160 Speaker 1: a specific audience, particularly Black people. And um, your mission 177 00:09:40,280 --> 00:09:43,559 Speaker 1: was to help black entrepreneurs, black creatives, you know, black musicians, 178 00:09:43,559 --> 00:09:46,520 Speaker 1: what whatever type of creative you are a black entrepreneurs 179 00:09:46,559 --> 00:09:49,680 Speaker 1: as well at Black at And one of the conversations 180 00:09:49,679 --> 00:09:52,000 Speaker 1: we have earlier is how do you protect who this 181 00:09:52,120 --> 00:09:55,600 Speaker 1: community is for? Because the point of you know, cryptos 182 00:09:55,640 --> 00:09:58,320 Speaker 1: like anybody effectively can get in. You can have the 183 00:09:58,360 --> 00:10:02,000 Speaker 1: allow lists, you know, but at resale could potentially be 184 00:10:02,160 --> 00:10:06,280 Speaker 1: to anybody. So how do you protect the community this 185 00:10:06,360 --> 00:10:09,560 Speaker 1: mission ultimately? Or is that even like a fair question 186 00:10:09,800 --> 00:10:14,680 Speaker 1: you know to be asking? So it's it's a fair question. 187 00:10:14,760 --> 00:10:16,880 Speaker 1: I mean, like if you're saying a community is for 188 00:10:16,920 --> 00:10:19,920 Speaker 1: a certain type of person, then you would assume and 189 00:10:19,920 --> 00:10:22,080 Speaker 1: and that is like the shared vision, then you would 190 00:10:22,120 --> 00:10:25,080 Speaker 1: assume that that is what you're getting when you buy 191 00:10:25,080 --> 00:10:27,080 Speaker 1: this community. So I think it's a fair question, and 192 00:10:27,080 --> 00:10:31,520 Speaker 1: it's a question that I've gotten before UM. And you know, 193 00:10:31,880 --> 00:10:35,240 Speaker 1: there's not to be honest, like to be frank and transparent. 194 00:10:35,280 --> 00:10:39,840 Speaker 1: There's not a this technological way for us to figure 195 00:10:39,880 --> 00:10:43,440 Speaker 1: out UM how to protect that right. There's in terms 196 00:10:43,480 --> 00:10:47,800 Speaker 1: of service. There are UM rules that you're expected to 197 00:10:47,840 --> 00:10:52,680 Speaker 1: follow before joining this joining our group chat, but that's 198 00:10:52,720 --> 00:10:55,960 Speaker 1: really other than like self governance. That's really all that 199 00:10:56,040 --> 00:10:58,800 Speaker 1: we can do to make sure that we are protecting 200 00:10:58,840 --> 00:11:02,360 Speaker 1: that space. We are bay very very alert though, and 201 00:11:02,600 --> 00:11:06,040 Speaker 1: very much looking at our members and the new members. 202 00:11:06,360 --> 00:11:08,640 Speaker 1: But a couple of things that we're seeing, uh is 203 00:11:08,640 --> 00:11:12,840 Speaker 1: that so every UM large conference, I would say, or 204 00:11:12,960 --> 00:11:15,280 Speaker 1: not even not even large, but there are different conferences. 205 00:11:15,280 --> 00:11:20,520 Speaker 1: Were Black at Travels and UM either we have experiences 206 00:11:20,640 --> 00:11:24,440 Speaker 1: or we create content such as, UM, you know, a 207 00:11:24,559 --> 00:11:28,440 Speaker 1: day of panels and maybe a closing party or whatever 208 00:11:28,440 --> 00:11:30,440 Speaker 1: it is that we're doing at that conference. Uh so 209 00:11:30,480 --> 00:11:33,400 Speaker 1: at Black Tech Week and Aren't Bossel and south By 210 00:11:33,440 --> 00:11:37,160 Speaker 1: Southwest and Consensus, we created these group chats for black 211 00:11:37,200 --> 00:11:41,640 Speaker 1: folks that were traveling to these different conferences. And it's 212 00:11:41,679 --> 00:11:45,079 Speaker 1: specifically for black That is why it's black AT. So 213 00:11:45,200 --> 00:11:46,760 Speaker 1: a lot of people think I'm saying like black hat 214 00:11:46,800 --> 00:11:50,240 Speaker 1: are black, app it is black and the AT sign 215 00:11:50,800 --> 00:11:54,360 Speaker 1: UM meaning we are black at south By Southwest or 216 00:11:54,480 --> 00:11:58,680 Speaker 1: Black at Bossel. And so there's one time recently where 217 00:11:58,679 --> 00:12:01,959 Speaker 1: we were at tech Week and there's somebody in there 218 00:12:02,000 --> 00:12:04,319 Speaker 1: we were we were all like, I don't know, y'all, 219 00:12:04,600 --> 00:12:08,520 Speaker 1: I am not bored, and so we had to like 220 00:12:08,640 --> 00:12:11,400 Speaker 1: we just we went in, asked some questions and then 221 00:12:11,440 --> 00:12:13,720 Speaker 1: we decided like, this is not UM a person that 222 00:12:13,760 --> 00:12:16,160 Speaker 1: will be a part of our community, and so we 223 00:12:16,520 --> 00:12:19,920 Speaker 1: let them know and and uh they were kicked out. 224 00:12:20,120 --> 00:12:23,520 Speaker 1: So you know, we are vigilant UM and we're definitely 225 00:12:23,559 --> 00:12:26,240 Speaker 1: making sure that we are checking to make sure that 226 00:12:26,320 --> 00:12:29,199 Speaker 1: this is a space for black folks. UM. The other 227 00:12:29,240 --> 00:12:32,960 Speaker 1: thing that we're doing for people that want to support 228 00:12:33,080 --> 00:12:37,080 Speaker 1: black AT without them being black themselves is we are 229 00:12:37,120 --> 00:12:40,680 Speaker 1: partnering with different communities to UM purchase a black AT 230 00:12:40,720 --> 00:12:43,640 Speaker 1: token and then allow them to give them to their 231 00:12:43,640 --> 00:12:48,040 Speaker 1: community members. We've had a couple of communities UM do that, 232 00:12:48,400 --> 00:12:50,800 Speaker 1: and we're hoping to partner with more. UM. We think 233 00:12:50,840 --> 00:12:53,839 Speaker 1: that's one of the best ways of getting your giving 234 00:12:53,880 --> 00:12:56,679 Speaker 1: your community OUTPHA is giving them a place where they 235 00:12:56,840 --> 00:13:00,240 Speaker 1: not only be a part of whatever community that you created, UM, 236 00:13:00,280 --> 00:13:03,360 Speaker 1: that our partner has created, but also wait for them 237 00:13:03,520 --> 00:13:06,880 Speaker 1: to get further into Web three. Right. That only increases 238 00:13:06,880 --> 00:13:10,120 Speaker 1: the value of their of their token UM by allowing 239 00:13:10,120 --> 00:13:14,320 Speaker 1: them to be part of other Web three communities UM. 240 00:13:14,360 --> 00:13:16,760 Speaker 1: And then we're also having we have sponsor token. So 241 00:13:17,080 --> 00:13:19,240 Speaker 1: we have some sponsors that have said, you know what, 242 00:13:19,400 --> 00:13:21,680 Speaker 1: I got some black folks. If I'm not black, but 243 00:13:21,720 --> 00:13:24,120 Speaker 1: I got some black folks in my network that I 244 00:13:24,160 --> 00:13:26,840 Speaker 1: think would be great for this, And so they bought 245 00:13:26,880 --> 00:13:29,920 Speaker 1: tokens and then gifted them to others. So that's kind 246 00:13:29,920 --> 00:13:33,320 Speaker 1: of how we're we're maneuvering. But everybody knows this is 247 00:13:33,320 --> 00:13:37,040 Speaker 1: like a black black black space. Yeah. So I was 248 00:13:37,040 --> 00:13:40,040 Speaker 1: thinking about this, UM because there's so many people who 249 00:13:40,120 --> 00:13:42,960 Speaker 1: who get excited about the implications of what Web three 250 00:13:42,960 --> 00:13:44,960 Speaker 1: can do, and some people just here all the time 251 00:13:44,960 --> 00:13:47,600 Speaker 1: and like, Okay, something cool is happening over here. And 252 00:13:47,640 --> 00:13:51,080 Speaker 1: I think about this quote that Steve Jobs had put out, 253 00:13:51,080 --> 00:13:54,360 Speaker 1: you know, several years ago obviously, and I'm on a paraphrase, 254 00:13:54,400 --> 00:13:57,000 Speaker 1: but he talked about how how technology is nothing but 255 00:13:57,040 --> 00:13:59,559 Speaker 1: what matters is you know humans, and that people are 256 00:13:59,559 --> 00:14:02,280 Speaker 1: basically and smart and then if you know, if you 257 00:14:02,320 --> 00:14:05,520 Speaker 1: give them the tools, will do incredible things with them. 258 00:14:05,559 --> 00:14:08,360 Speaker 1: And so I think about how the story that I 259 00:14:08,480 --> 00:14:10,760 Speaker 1: read about how you and Harold and somebody else had 260 00:14:10,840 --> 00:14:13,760 Speaker 1: had had thought about this idea for a black at 261 00:14:14,440 --> 00:14:18,600 Speaker 1: and and I wonder how you would admnage people to 262 00:14:18,840 --> 00:14:21,840 Speaker 1: build these communities, whether they're just interested in the technology 263 00:14:21,840 --> 00:14:25,280 Speaker 1: and what it can do, um, you know, technologically, or 264 00:14:25,600 --> 00:14:29,000 Speaker 1: that they see a larger mission that is more effectively 265 00:14:29,040 --> 00:14:33,360 Speaker 1: reached by employing Web three technology. So number one, how 266 00:14:33,400 --> 00:14:37,320 Speaker 1: do you think about the Web three or is it 267 00:14:37,360 --> 00:14:39,040 Speaker 1: was the technology is super cool and you was like 268 00:14:39,040 --> 00:14:41,400 Speaker 1: I gotta do something here, or you're like, okay, I 269 00:14:41,440 --> 00:14:43,920 Speaker 1: got my people and how can I best help them? 270 00:14:43,920 --> 00:14:45,800 Speaker 1: How do you think about that when you're building these 271 00:14:45,800 --> 00:14:49,720 Speaker 1: toctal technologies? So I think there are a lot of 272 00:14:49,720 --> 00:14:55,600 Speaker 1: communities and companies whoever creators that are just like jumping 273 00:14:55,600 --> 00:14:58,280 Speaker 1: into Web three because it's like the new thing, which 274 00:14:59,040 --> 00:15:04,200 Speaker 1: it happens whatever, um. But for us, we were thinking 275 00:15:04,200 --> 00:15:09,000 Speaker 1: about a couple of things. One we were wondering, how 276 00:15:09,120 --> 00:15:13,560 Speaker 1: do we token gate this so that the value isn't 277 00:15:13,760 --> 00:15:17,480 Speaker 1: on us, right, We don't just own the value, but 278 00:15:17,560 --> 00:15:21,400 Speaker 1: our community members owned the value. And so that was 279 00:15:21,440 --> 00:15:23,400 Speaker 1: one of the reasons why we decided to have to 280 00:15:23,480 --> 00:15:25,520 Speaker 1: make it token gated, right, Like, we wanted to create 281 00:15:25,560 --> 00:15:29,120 Speaker 1: a token around this so that it wasn't just us 282 00:15:29,360 --> 00:15:31,880 Speaker 1: owning the value. So what I mean by that is like, 283 00:15:31,920 --> 00:15:36,520 Speaker 1: if you are a member of Soho House or another community, 284 00:15:36,560 --> 00:15:38,200 Speaker 1: I don't know, think of something. I'm sure you're part 285 00:15:38,240 --> 00:15:42,960 Speaker 1: of something, and you decided to get a membership. Um, 286 00:15:43,040 --> 00:15:47,160 Speaker 1: you buy the membership and you invite all your friends. Uh. 287 00:15:47,160 --> 00:15:50,480 Speaker 1: And as your friends come and become members, then it 288 00:15:50,480 --> 00:15:52,800 Speaker 1: becomes more valuable to you, right Like you're like, great, 289 00:15:52,880 --> 00:15:54,160 Speaker 1: you know, I can go get launched, I can do 290 00:15:54,200 --> 00:15:58,520 Speaker 1: my work whatever you're doing. But once you leave, that's it. 291 00:15:59,400 --> 00:16:02,840 Speaker 1: The value stays with Solo House. You no longer hold 292 00:16:02,880 --> 00:16:06,520 Speaker 1: that value, you no longer get to interact in that 293 00:16:06,560 --> 00:16:09,560 Speaker 1: way with your friends. Um, and you don't really get 294 00:16:09,600 --> 00:16:15,240 Speaker 1: any um. Uh. You don't really get any um return 295 00:16:15,320 --> 00:16:17,840 Speaker 1: on your investment once you leave. Obviously there may be 296 00:16:17,920 --> 00:16:20,360 Speaker 1: relationships and things that you've built there. Uh. And so 297 00:16:20,520 --> 00:16:23,480 Speaker 1: because this is a token gated community, there's also a 298 00:16:23,520 --> 00:16:27,400 Speaker 1: monetory monetary value to this, right, Um, as you bring 299 00:16:27,440 --> 00:16:29,480 Speaker 1: in more friends, and I'll go into kind of the 300 00:16:29,560 --> 00:16:32,120 Speaker 1: mechanism of how we priced our tokens in a second. 301 00:16:32,600 --> 00:16:35,680 Speaker 1: But as you bring in more friends, and as the 302 00:16:35,680 --> 00:16:39,320 Speaker 1: community gets larger, and as we build more products, and 303 00:16:39,360 --> 00:16:42,040 Speaker 1: as more people hear about what we're doing at black 304 00:16:42,080 --> 00:16:47,520 Speaker 1: at UM, the value of the community collectively goes up. 305 00:16:47,600 --> 00:16:49,360 Speaker 1: The value of the community goes up. But but the 306 00:16:49,680 --> 00:16:53,480 Speaker 1: fact that you're part of it collectively, we're all bringing 307 00:16:54,080 --> 00:16:57,720 Speaker 1: we're all raising the value of the community together. And 308 00:16:57,840 --> 00:17:02,280 Speaker 1: in order to show that, UM and really UH used 309 00:17:02,320 --> 00:17:07,240 Speaker 1: token omics to kind of highlight that point. We didn't 310 00:17:07,359 --> 00:17:11,399 Speaker 1: reverse touch auction, which means the first d and twenty 311 00:17:11,400 --> 00:17:16,520 Speaker 1: five tokens that were sold, we're at point one eight. 312 00:17:16,920 --> 00:17:19,159 Speaker 1: So you got in early. It was point one eight. 313 00:17:19,440 --> 00:17:21,680 Speaker 1: I think, I don't even know what it was at 314 00:17:21,720 --> 00:17:23,720 Speaker 1: that point. I don't know, maybe four thousand, maybe a 315 00:17:23,720 --> 00:17:27,560 Speaker 1: little less, I don't know. Whatever. It wasn't in February. 316 00:17:27,760 --> 00:17:30,879 Speaker 1: So you got in at point one first, the next 317 00:17:30,960 --> 00:17:35,560 Speaker 1: fifty we're at point three, the next fifty we're at 318 00:17:35,640 --> 00:17:38,520 Speaker 1: point five. The next fifty will be out I think 319 00:17:38,560 --> 00:17:43,760 Speaker 1: point seven five, Uh and so every fifty, every um, 320 00:17:43,800 --> 00:17:48,920 Speaker 1: every incremental of fifty, there's an increase in the value 321 00:17:49,320 --> 00:17:52,040 Speaker 1: literally in the value of the coin based on the 322 00:17:52,040 --> 00:17:56,160 Speaker 1: mechanism that we used. And so there are some people 323 00:17:56,680 --> 00:18:00,320 Speaker 1: when you leave right you can undercut the market. You 324 00:18:01,160 --> 00:18:04,280 Speaker 1: right now, the only way to get our tokens is 325 00:18:04,320 --> 00:18:08,840 Speaker 1: by going to our website and minting the token there UM. 326 00:18:08,880 --> 00:18:11,359 Speaker 1: But if you have you bought the token for point 327 00:18:11,400 --> 00:18:13,919 Speaker 1: one and you for some reason have to leave or 328 00:18:13,960 --> 00:18:17,720 Speaker 1: whatever we decided to sell, if you can go to 329 00:18:17,760 --> 00:18:20,840 Speaker 1: our if someone could go to our our website and 330 00:18:21,000 --> 00:18:22,560 Speaker 1: buy it at point five and you could sell it 331 00:18:22,640 --> 00:18:26,879 Speaker 1: for point four, then you've made you know, three times 332 00:18:26,920 --> 00:18:30,520 Speaker 1: what you paid for it. UH. And so there's inherent value. 333 00:18:31,040 --> 00:18:33,840 Speaker 1: And one how we did the token onyx and to 334 00:18:34,680 --> 00:18:37,000 Speaker 1: UM what happens when we all come together in the 335 00:18:37,080 --> 00:18:42,600 Speaker 1: black at community UM UH is more known and UH 336 00:18:43,400 --> 00:18:46,200 Speaker 1: is built out. And so you got me thinking about 337 00:18:46,440 --> 00:18:49,040 Speaker 1: a couple of different things. And I am a firm believer. 338 00:18:49,080 --> 00:18:51,840 Speaker 1: I think it was like Napoleon Hill or Dale Carnegie 339 00:18:51,960 --> 00:18:53,800 Speaker 1: or somebody. And he said, you know, if I can 340 00:18:53,840 --> 00:18:56,040 Speaker 1: help enough other people get what they want, I'm gonna 341 00:18:56,080 --> 00:18:59,200 Speaker 1: get everything I want. Right, And so I think about 342 00:18:59,240 --> 00:19:02,320 Speaker 1: that and this is ongoing battle in my mind about 343 00:19:02,400 --> 00:19:06,440 Speaker 1: that concept and competition, like I'm a competitor to and 344 00:19:06,920 --> 00:19:10,119 Speaker 1: most business over the last particularly in tech over the 345 00:19:10,200 --> 00:19:13,000 Speaker 1: last decade maybe two was like I want to own 346 00:19:13,080 --> 00:19:16,400 Speaker 1: the whole thing. You've got this Peter Teal like competition 347 00:19:16,560 --> 00:19:18,480 Speaker 1: is like for suckers or whatever, like they want to 348 00:19:18,520 --> 00:19:23,159 Speaker 1: just own everything. And then you have what what you 349 00:19:23,200 --> 00:19:27,919 Speaker 1: talked about this shared value? And so how in in 350 00:19:28,200 --> 00:19:32,240 Speaker 1: web three can you go into more deeply the philosophy 351 00:19:32,400 --> 00:19:36,240 Speaker 1: of how value gets created when you're not talking about competition. 352 00:19:36,320 --> 00:19:38,560 Speaker 1: You're not talking about the people at the top get 353 00:19:38,600 --> 00:19:40,840 Speaker 1: the most. You're talking about all of us are going 354 00:19:40,920 --> 00:19:44,960 Speaker 1: to win together. Yeah, I mean that that is That's 355 00:19:45,040 --> 00:19:48,640 Speaker 1: that's the ethos, Like that's literally it right, like you 356 00:19:48,960 --> 00:19:51,439 Speaker 1: here's the thing. And I think about this a lot 357 00:19:51,720 --> 00:19:59,840 Speaker 1: because there's different projects that have PfP drops or a 358 00:20:00,040 --> 00:20:03,399 Speaker 1: thousand drops. We only chose five hundred UM and and 359 00:20:04,320 --> 00:20:06,320 Speaker 1: I've talked a lot to our community. We just had 360 00:20:06,359 --> 00:20:09,960 Speaker 1: one of our first local events in d C where 361 00:20:10,440 --> 00:20:11,960 Speaker 1: I don't know how many of us were there, maybe 362 00:20:12,000 --> 00:20:15,600 Speaker 1: eight UM and we talked about like what makes black 363 00:20:15,640 --> 00:20:17,880 Speaker 1: at special to them? And a lot of them said 364 00:20:17,960 --> 00:20:20,960 Speaker 1: because it was a it's a smaller community in which 365 00:20:21,080 --> 00:20:26,000 Speaker 1: I know everybody. I feel like, um, I feel like 366 00:20:26,040 --> 00:20:30,479 Speaker 1: it's a we're a family, And I think you have 367 00:20:30,560 --> 00:20:33,320 Speaker 1: to understand that there's different places that you can play. 368 00:20:33,600 --> 00:20:35,919 Speaker 1: This is something that I've been really thinking about because 369 00:20:36,080 --> 00:20:39,240 Speaker 1: those larger communities are not what we're doing, right, Like, 370 00:20:39,600 --> 00:20:44,400 Speaker 1: there's so much uh specialization I think that can come 371 00:20:44,600 --> 00:20:48,879 Speaker 1: from these really small communities that there I don't the 372 00:20:48,960 --> 00:20:52,159 Speaker 1: ethos is shared like that's literally the ethos of like 373 00:20:52,280 --> 00:20:56,400 Speaker 1: Web three is shared ownership, shared value. And I don't 374 00:20:56,440 --> 00:20:59,760 Speaker 1: know if there has to be competition because they're so 375 00:21:00,119 --> 00:21:03,920 Speaker 1: many ways that we can go where my community can 376 00:21:03,960 --> 00:21:07,240 Speaker 1: overlap with your community, right, Like, my community can provide 377 00:21:07,240 --> 00:21:10,520 Speaker 1: something completely different. My community can be a community of 378 00:21:10,560 --> 00:21:15,760 Speaker 1: black builders, of black collectors. Your community could be folks 379 00:21:15,760 --> 00:21:17,639 Speaker 1: that have never heard of Web three that are brand 380 00:21:17,640 --> 00:21:21,680 Speaker 1: new to the space and need, like you know, complete 381 00:21:21,840 --> 00:21:24,960 Speaker 1: education on what it is and there and we could 382 00:21:25,040 --> 00:21:27,600 Speaker 1: we could both have people in all communities and that 383 00:21:27,760 --> 00:21:30,000 Speaker 1: it's really interesting that you say that because a lot 384 00:21:30,000 --> 00:21:33,280 Speaker 1: of these larger communities when we were building gated we're 385 00:21:33,320 --> 00:21:36,399 Speaker 1: still building it obviously, but as we're building Gated, um, 386 00:21:36,400 --> 00:21:39,600 Speaker 1: we're going to these very large communities, so CpG pop 387 00:21:39,720 --> 00:21:45,879 Speaker 1: um wow cool cats like all these larger communities um aku. 388 00:21:46,160 --> 00:21:49,560 Speaker 1: And my question is like, well, wait a minute, guys, 389 00:21:49,640 --> 00:21:53,240 Speaker 1: Like there's so much overlap here, how are we going 390 00:21:53,320 --> 00:21:56,800 Speaker 1: to make money? Like we if somebody is only buying 391 00:21:56,840 --> 00:21:59,520 Speaker 1: one token to get onto Gated and there's five of 392 00:21:59,520 --> 00:22:03,719 Speaker 1: their communit, he's on this platform, we're losing out. But 393 00:22:03,760 --> 00:22:07,040 Speaker 1: the but the thing about that is is that the 394 00:22:07,119 --> 00:22:10,080 Speaker 1: more communities that are on that platform, the more value 395 00:22:10,080 --> 00:22:13,320 Speaker 1: the product becomes. Um. So what we're seeing is that 396 00:22:13,400 --> 00:22:19,239 Speaker 1: like that overlap is actually bringing more value to the platform. Right, 397 00:22:19,320 --> 00:22:22,880 Speaker 1: The more eyeballs is bringing more eyeballs to our platform. 398 00:22:22,960 --> 00:22:26,480 Speaker 1: So I don't think that it's like, yes, it's a 399 00:22:26,480 --> 00:22:29,840 Speaker 1: competition thing, but I think that there's so much specialization. 400 00:22:30,119 --> 00:22:32,920 Speaker 1: And think about it, right, Like what n f T 401 00:22:33,040 --> 00:22:37,480 Speaker 1: s are right now is art essentially, right, Like it's 402 00:22:37,520 --> 00:22:40,359 Speaker 1: collecting art. But if you think about like art in 403 00:22:40,760 --> 00:22:43,960 Speaker 1: and of itself, it is very subjective, right, So I 404 00:22:44,040 --> 00:22:48,119 Speaker 1: may like something for some completely different reason then my 405 00:22:48,440 --> 00:22:51,040 Speaker 1: best friend over here, who may hate it, right, And 406 00:22:51,080 --> 00:22:54,840 Speaker 1: so a community of a certain type of art maybe 407 00:22:54,880 --> 00:22:58,000 Speaker 1: for me. And there's so many iterations to art in 408 00:22:58,119 --> 00:23:03,399 Speaker 1: general that like there's not competition necessarily between artists. I 409 00:23:03,400 --> 00:23:06,080 Speaker 1: don't know, like I'm not an artist, but like it 410 00:23:06,240 --> 00:23:09,560 Speaker 1: is it is a creative endeavor in which it appeals 411 00:23:09,600 --> 00:23:12,680 Speaker 1: to your emotions. Where is there is there competition there 412 00:23:12,760 --> 00:23:15,440 Speaker 1: or is it just like what is the emotion that's 413 00:23:15,920 --> 00:23:18,920 Speaker 1: I'm that's being invoked evoked from me from buying this 414 00:23:19,040 --> 00:23:20,320 Speaker 1: piece of art. And I think it's the same thing 415 00:23:20,320 --> 00:23:22,359 Speaker 1: with these communities and buying these Yeah, but like a 416 00:23:22,359 --> 00:23:26,439 Speaker 1: lot of artists are broke. This is a way for 417 00:23:26,480 --> 00:23:29,119 Speaker 1: them not to be. This is this is another way 418 00:23:29,480 --> 00:23:32,679 Speaker 1: for we're empowering the creator. Yes, artists are broke, but 419 00:23:32,760 --> 00:23:39,920 Speaker 1: like I think that's a separate topic, right answer, complice. 420 00:23:40,480 --> 00:23:43,120 Speaker 1: But I also think that like this is a way 421 00:23:43,160 --> 00:23:45,480 Speaker 1: to put if we're talking about shared ownership and ship 422 00:23:45,560 --> 00:23:48,119 Speaker 1: and shared equity, like this is another way that we 423 00:23:48,160 --> 00:23:51,359 Speaker 1: can empower creators to create community around their art so 424 00:23:51,400 --> 00:23:54,159 Speaker 1: it's not just somebody consuming the art. Right, So we 425 00:23:54,280 --> 00:23:57,560 Speaker 1: just had I'll give you an example, hopefully this is 426 00:23:57,680 --> 00:24:01,240 Speaker 1: an example. We just have the artist Nick Davis, he 427 00:24:01,640 --> 00:24:04,080 Speaker 1: apparently was a star on Instagram, had never heard of 428 00:24:04,119 --> 00:24:07,000 Speaker 1: him before, and one of our community members, he has 429 00:24:07,040 --> 00:24:10,080 Speaker 1: an n f T collection with House of First dropped. 430 00:24:10,119 --> 00:24:13,720 Speaker 1: One of our community members dropped his collection in our 431 00:24:14,920 --> 00:24:18,760 Speaker 1: in our group chat. The collection is called Black is Beautile. 432 00:24:18,880 --> 00:24:21,720 Speaker 1: It's like black is Beautiful, I need if you haven't 433 00:24:21,720 --> 00:24:24,440 Speaker 1: seen it there there are pieces for sale on open Sea. 434 00:24:24,440 --> 00:24:28,119 Speaker 1: They just sold out last Friday. Um, but she dropped 435 00:24:28,119 --> 00:24:30,879 Speaker 1: the pieces in there. The whole community, all of us 436 00:24:31,080 --> 00:24:33,159 Speaker 1: in this subchat, the n f T subchat, were like, 437 00:24:33,200 --> 00:24:35,320 Speaker 1: wait a minute, who is this man? Where can I 438 00:24:35,359 --> 00:24:38,160 Speaker 1: buy his stuff? We all went, We all bought all 439 00:24:38,160 --> 00:24:39,960 Speaker 1: of his all not all, but we bought all of 440 00:24:40,000 --> 00:24:43,639 Speaker 1: these artworks were the single largest holder. And from there 441 00:24:44,359 --> 00:24:47,040 Speaker 1: right I said, guys, we need to be celebrating more 442 00:24:47,040 --> 00:24:49,400 Speaker 1: black artists. We need to be supporting more black artists. 443 00:24:49,440 --> 00:24:52,040 Speaker 1: And let's talk to this man. I am so touched 444 00:24:52,160 --> 00:24:54,720 Speaker 1: by his work. I need to talk to him. So 445 00:24:54,760 --> 00:24:57,439 Speaker 1: now we had a Twitter spaces and we got to 446 00:24:57,440 --> 00:24:59,760 Speaker 1: hear about his story. He got to tell talk to 447 00:24:59,840 --> 00:25:04,000 Speaker 1: us about um, why he made certain pieces, the feelings 448 00:25:04,000 --> 00:25:06,480 Speaker 1: that he was having behind those pieces. He had been 449 00:25:06,480 --> 00:25:10,359 Speaker 1: creating this collection for three years while he was going 450 00:25:10,359 --> 00:25:14,119 Speaker 1: through some health stuff and it was kind of his 451 00:25:14,200 --> 00:25:17,640 Speaker 1: way out, and so he was able to create community 452 00:25:17,880 --> 00:25:22,320 Speaker 1: right by drawing these beautiful pieces of art and then 453 00:25:22,400 --> 00:25:25,120 Speaker 1: dropping them as an n f T collection. And now 454 00:25:25,359 --> 00:25:26,920 Speaker 1: I don't know if he was broke before. I'm not 455 00:25:26,960 --> 00:25:30,120 Speaker 1: saying he was, but like, I'm not saying that at all, guys, 456 00:25:30,880 --> 00:25:35,680 Speaker 1: but I'm saying that, you know, allowing uh this new medium, 457 00:25:35,800 --> 00:25:38,280 Speaker 1: uh is a different way of interacting with the art 458 00:25:38,440 --> 00:25:40,840 Speaker 1: and the artist, which I don't know if that was 459 00:25:41,040 --> 00:25:43,480 Speaker 1: there was a way to really do that before. I 460 00:25:43,920 --> 00:25:47,080 Speaker 1: love that. Um there was a quote I read that 461 00:25:47,280 --> 00:25:50,480 Speaker 1: you had said this the following, UM, I'm excited to 462 00:25:50,520 --> 00:25:53,639 Speaker 1: be behind creating his space for us to learn about 463 00:25:53,680 --> 00:25:57,040 Speaker 1: the new frontier of Web three unquote. And that might 464 00:25:57,040 --> 00:25:59,040 Speaker 1: be an odd place to unquote something, but there's a 465 00:25:59,080 --> 00:26:03,200 Speaker 1: point there. And what I found interesting about that quote 466 00:26:03,520 --> 00:26:07,600 Speaker 1: was it implies that I'm in the community to learn 467 00:26:07,680 --> 00:26:10,720 Speaker 1: about how the community works. So I'm gonna read the 468 00:26:10,760 --> 00:26:13,040 Speaker 1: chord again. It says, I'm excited to be creating behind 469 00:26:13,119 --> 00:26:15,840 Speaker 1: creating a space for us to learn about the new 470 00:26:15,880 --> 00:26:18,919 Speaker 1: frontier of Web three, and I gotta get in to 471 00:26:19,040 --> 00:26:21,960 Speaker 1: be a part of this learning opportunity. Towards a lot 472 00:26:22,000 --> 00:26:24,200 Speaker 1: like college. You know, I gotta get in to get 473 00:26:24,240 --> 00:26:27,200 Speaker 1: the education, and so so I guess is that correct? 474 00:26:27,280 --> 00:26:32,160 Speaker 1: Is the implication that I gotta be in web three 475 00:26:32,200 --> 00:26:34,080 Speaker 1: to figure out what the heck is going on over here? 476 00:26:34,160 --> 00:26:36,600 Speaker 1: Or that I can learn from the outside and figure 477 00:26:36,640 --> 00:26:38,840 Speaker 1: out what's going on? Or is it that I just 478 00:26:38,880 --> 00:26:42,520 Speaker 1: gotta get in. What's the best way to learn here? Listen, 479 00:26:42,920 --> 00:26:46,760 Speaker 1: I said it for a reason. I think people think 480 00:26:46,880 --> 00:26:48,680 Speaker 1: that they can just read up about this or watch 481 00:26:48,680 --> 00:26:51,400 Speaker 1: a lot of YouTube videos, but like the best way 482 00:26:51,520 --> 00:26:54,439 Speaker 1: talk to anybody, I'm serious, talk to anybody in web three. 483 00:26:54,480 --> 00:26:56,840 Speaker 1: You know what they're gonna say. They're gonna say, jump in, 484 00:26:57,560 --> 00:27:01,000 Speaker 1: h go to your spaces, follow your people on Twitter, 485 00:27:02,200 --> 00:27:05,800 Speaker 1: buy some crypto by an n F T D y 486 00:27:05,840 --> 00:27:08,520 Speaker 1: o R, do your own research, and jump in. And 487 00:27:08,560 --> 00:27:12,600 Speaker 1: the reason why I think that UM doing it within 488 00:27:12,600 --> 00:27:15,320 Speaker 1: a community is because, especially a community like black at 489 00:27:15,480 --> 00:27:20,480 Speaker 1: is because there are people that UM, I know nothing 490 00:27:20,520 --> 00:27:22,480 Speaker 1: about literally will come in there and be like I 491 00:27:22,520 --> 00:27:26,919 Speaker 1: am still learning, uh, But there are people that have 492 00:27:27,119 --> 00:27:30,639 Speaker 1: that are like djents, like are really into it, and 493 00:27:31,200 --> 00:27:35,720 Speaker 1: the conversation will fluctuate right between what did you mean 494 00:27:35,720 --> 00:27:39,080 Speaker 1: by that? Here's a podcast to listen to. UM have 495 00:27:39,280 --> 00:27:42,280 Speaker 1: you heard about this? Read this Twitter thread to give 496 00:27:42,320 --> 00:27:46,679 Speaker 1: you information about x y Z. It's much easier to 497 00:27:46,800 --> 00:27:49,400 Speaker 1: do it with folks that are doing it than trying 498 00:27:49,400 --> 00:27:52,439 Speaker 1: to do it on your own, and so like, yes, 499 00:27:52,680 --> 00:27:56,040 Speaker 1: I think the way to learn is to jump in. 500 00:27:56,200 --> 00:27:58,480 Speaker 1: You don't have to start with an n f T 501 00:27:58,640 --> 00:28:02,439 Speaker 1: that's worth you know, two fifty or whatever the cost is. 502 00:28:02,480 --> 00:28:05,119 Speaker 1: There are much uh, there're n f t s that 503 00:28:05,160 --> 00:28:08,439 Speaker 1: are m worth you know, point zero five ether or lower. 504 00:28:08,720 --> 00:28:10,720 Speaker 1: There are ways that you can get in, but I 505 00:28:10,760 --> 00:28:13,879 Speaker 1: think the best way to learn is to get in 506 00:28:13,880 --> 00:28:17,880 Speaker 1: and jump in. These communities like black At and others 507 00:28:18,200 --> 00:28:21,119 Speaker 1: can quickly turn into very rich prospects. And what I 508 00:28:21,119 --> 00:28:22,840 Speaker 1: mean by that is, you know, it can start at 509 00:28:23,440 --> 00:28:26,879 Speaker 1: very low ethan because of the value being created, shoot 510 00:28:26,960 --> 00:28:30,560 Speaker 1: up quick. And so, because part of your mission is 511 00:28:30,600 --> 00:28:35,320 Speaker 1: to educate but also create values, how do you balance 512 00:28:36,080 --> 00:28:40,640 Speaker 1: the value increase in the tokens and still keep it 513 00:28:40,680 --> 00:28:43,280 Speaker 1: accessible for people. It won't always be as cheap as 514 00:28:43,320 --> 00:28:45,600 Speaker 1: it is right now, and it shouldn't be. But how 515 00:28:45,600 --> 00:28:49,440 Speaker 1: do you still balance the educational component and getting more 516 00:28:49,480 --> 00:28:52,880 Speaker 1: of us in when there's only you said five hundred 517 00:28:53,080 --> 00:28:56,400 Speaker 1: you know, p FPS five hundred tokens, and over time 518 00:28:56,400 --> 00:28:59,800 Speaker 1: those are going to be very rich prospects. Okay, so 519 00:29:00,280 --> 00:29:02,640 Speaker 1: you know that is another question that I asked myself 520 00:29:02,640 --> 00:29:05,320 Speaker 1: a lot, Like literally just had a conversation with our 521 00:29:05,360 --> 00:29:08,120 Speaker 1: co founders with my co founders and said, guys and 522 00:29:08,160 --> 00:29:10,560 Speaker 1: I need to think about this, like, how are we 523 00:29:11,000 --> 00:29:15,000 Speaker 1: reaching past the five hundred people that we are going 524 00:29:15,040 --> 00:29:18,360 Speaker 1: to bring into this community? Uh, you know, what are 525 00:29:18,400 --> 00:29:20,560 Speaker 1: the ways that we can make this more accessible so 526 00:29:20,600 --> 00:29:22,840 Speaker 1: that people don't think that this is an exclusive community. 527 00:29:23,200 --> 00:29:27,800 Speaker 1: There's a couple of things here. UM. One, we just 528 00:29:27,840 --> 00:29:32,160 Speaker 1: started our series and we restarted our series about um 529 00:29:32,280 --> 00:29:34,520 Speaker 1: we call them black at community chats where we bring 530 00:29:34,520 --> 00:29:37,120 Speaker 1: in community members to come in and educate us about 531 00:29:37,120 --> 00:29:42,200 Speaker 1: different things. So they may educate us on UM, they 532 00:29:42,200 --> 00:29:46,520 Speaker 1: may educate us on security. On There's one community member 533 00:29:46,560 --> 00:29:50,680 Speaker 1: that educated us and gave her gave us her I 534 00:29:50,680 --> 00:29:52,800 Speaker 1: guess she created an n f T project and then 535 00:29:52,800 --> 00:29:54,560 Speaker 1: turned that into an animated series. So she talked to 536 00:29:54,600 --> 00:29:56,720 Speaker 1: us about how she did that. UM. There's all these 537 00:29:56,760 --> 00:30:00,640 Speaker 1: different ways that our community members have come in and 538 00:30:00,680 --> 00:30:03,880 Speaker 1: so we're opening that up to a larger audience. UM. 539 00:30:04,120 --> 00:30:07,160 Speaker 1: So that will be those those Twitter spaces where anybody 540 00:30:07,160 --> 00:30:09,200 Speaker 1: can join UM, so you don't have to be a 541 00:30:09,240 --> 00:30:14,080 Speaker 1: part of the black community to UM get those education 542 00:30:15,360 --> 00:30:18,600 Speaker 1: content at education content. UM. The other thing that we 543 00:30:18,680 --> 00:30:21,800 Speaker 1: are doing is we're making sure with artists too, Like 544 00:30:21,840 --> 00:30:24,320 Speaker 1: we're making sure that we're bringing them in so that 545 00:30:24,400 --> 00:30:27,840 Speaker 1: we there are other people that can um that can 546 00:30:28,160 --> 00:30:31,360 Speaker 1: UH support black artists. And so we're doing a whole 547 00:30:31,400 --> 00:30:35,440 Speaker 1: initiative around UM, not just us supporting them, but let's 548 00:30:35,480 --> 00:30:39,640 Speaker 1: have uh community and conversations with people that may not 549 00:30:40,840 --> 00:30:43,120 Speaker 1: know this artist so that we can we can have 550 00:30:43,160 --> 00:30:45,400 Speaker 1: our community support them, not the black out community, but 551 00:30:45,440 --> 00:30:48,480 Speaker 1: black folks in general. UM. And then the other thing 552 00:30:48,600 --> 00:30:50,960 Speaker 1: is is that you know, and this I don't know, 553 00:30:51,080 --> 00:30:55,120 Speaker 1: this maybe a little controversial, controversial, but like I think 554 00:30:55,440 --> 00:30:59,520 Speaker 1: there are certain communities in which there will be a 555 00:30:59,680 --> 00:31:04,000 Speaker 1: certain bit of like it's it's it's just a smaller community, right, 556 00:31:04,320 --> 00:31:08,000 Speaker 1: And there's purpose behind that because we want, like I 557 00:31:08,000 --> 00:31:10,840 Speaker 1: said earlier, we want our members to feel like there 558 00:31:10,960 --> 00:31:13,920 Speaker 1: are family. We want them to be able to ask questions. 559 00:31:14,200 --> 00:31:17,120 Speaker 1: We're in the process of building products and so like 560 00:31:17,480 --> 00:31:19,640 Speaker 1: you know, the people that we want to help us 561 00:31:19,640 --> 00:31:22,120 Speaker 1: build we don't. We can't at this point, Like I 562 00:31:22,120 --> 00:31:25,800 Speaker 1: don't even know if I'd be able to manage thousands 563 00:31:25,800 --> 00:31:28,960 Speaker 1: of people as we're trying to build out these products, 564 00:31:29,000 --> 00:31:32,320 Speaker 1: not right now, right UM and so just thinking about 565 00:31:32,680 --> 00:31:36,040 Speaker 1: where black At is, it is a token gated community, 566 00:31:36,080 --> 00:31:38,640 Speaker 1: but it's also a tech company, UM and so we're 567 00:31:38,640 --> 00:31:43,800 Speaker 1: trying to be very pointed in how we are moving forward, 568 00:31:43,880 --> 00:31:46,040 Speaker 1: not with our community members were not exclusive at all 569 00:31:46,080 --> 00:31:48,240 Speaker 1: to like who we want to bring in, but more 570 00:31:48,360 --> 00:31:51,600 Speaker 1: so like this is what we're trying to do, and 571 00:31:51,640 --> 00:31:53,640 Speaker 1: so we have a we have a different mission right 572 00:31:53,720 --> 00:31:57,200 Speaker 1: Like our mission is we're creating products. We are creating 573 00:31:57,240 --> 00:32:00,640 Speaker 1: I r L experiences, and those experiences are ways that 574 00:32:00,680 --> 00:32:04,040 Speaker 1: you can learn more about UM web three. But like 575 00:32:04,080 --> 00:32:06,400 Speaker 1: the community is small for a reason because we wanted 576 00:32:06,640 --> 00:32:09,360 Speaker 1: we want our members to feel close to each other. Now, 577 00:32:09,400 --> 00:32:11,720 Speaker 1: I'm not saying that there's not products or not products 578 00:32:11,760 --> 00:32:15,640 Speaker 1: projects in the works that will allow us to reach 579 00:32:15,680 --> 00:32:19,360 Speaker 1: more people. That's definitely something that we are definitely keen 580 00:32:19,440 --> 00:32:22,880 Speaker 1: on doing and on the roadmap UM. But right now, 581 00:32:22,920 --> 00:32:26,200 Speaker 1: we're just trying to keep it small and create different 582 00:32:26,320 --> 00:32:29,080 Speaker 1: entry point or not entry points, touch points where people 583 00:32:29,120 --> 00:32:33,520 Speaker 1: can interact with us and interact with UM what we're teaching. 584 00:32:33,560 --> 00:32:37,520 Speaker 1: So we have a Black Tech Week we Data three. 585 00:32:37,640 --> 00:32:40,640 Speaker 1: We did three panels. One of the panels was wtf 586 00:32:41,040 --> 00:32:43,160 Speaker 1: R n f T S and there are so many 587 00:32:43,200 --> 00:32:45,520 Speaker 1: people that we partnered with Ledger for that, and there 588 00:32:45,520 --> 00:32:47,400 Speaker 1: are so many people that came up to us. You 589 00:32:47,920 --> 00:32:51,640 Speaker 1: people learned how to get their first wallet downloaded, their 590 00:32:51,680 --> 00:32:54,040 Speaker 1: first n f T and then the first fifty people 591 00:32:54,080 --> 00:32:57,120 Speaker 1: got a Ledger right and so UM. There are all 592 00:32:57,160 --> 00:33:00,040 Speaker 1: of these different touch points that don't necessarily mean that 593 00:33:00,120 --> 00:33:02,520 Speaker 1: you have to be part of the community, UM, but 594 00:33:02,920 --> 00:33:06,640 Speaker 1: we are helping to educate more and more people onto 595 00:33:06,720 --> 00:33:09,920 Speaker 1: what web three is. And so one of the things 596 00:33:10,080 --> 00:33:14,240 Speaker 1: I hear most often when people are creating communities is 597 00:33:14,520 --> 00:33:16,960 Speaker 1: the value of that token. And one of the first 598 00:33:17,000 --> 00:33:21,320 Speaker 1: things you hear is like meetups and other than meetups, 599 00:33:21,440 --> 00:33:24,840 Speaker 1: what are some innovative value propositions a token holder might 600 00:33:24,880 --> 00:33:30,560 Speaker 1: find interesting when they join a community like this. UM, 601 00:33:30,600 --> 00:33:35,560 Speaker 1: I think, what value have I found outside of the meetups? 602 00:33:35,600 --> 00:33:38,320 Speaker 1: Which to be honest, like you know, being a thousand 603 00:33:38,320 --> 00:33:40,239 Speaker 1: percent honest, I'm kind of over it. I'm kind of 604 00:33:40,240 --> 00:33:42,520 Speaker 1: over the meetups. I think that that is something that 605 00:33:42,560 --> 00:33:45,040 Speaker 1: we will always do because it is ingrained in us. 606 00:33:45,080 --> 00:33:49,840 Speaker 1: Will always be half digital half I r l UM. 607 00:33:49,880 --> 00:33:53,680 Speaker 1: But I think there's a new frontier right UM. And 608 00:33:53,720 --> 00:33:55,400 Speaker 1: I don't know what that is, and I've been racking 609 00:33:55,400 --> 00:33:57,760 Speaker 1: my brain about around it because I think people are 610 00:33:57,800 --> 00:34:00,200 Speaker 1: moving out of I think people are even moving out 611 00:34:00,240 --> 00:34:04,160 Speaker 1: of just alpha chats. It's like I don't, I don't 612 00:34:04,160 --> 00:34:06,280 Speaker 1: and I don't know what's next. Um. I can't even 613 00:34:06,280 --> 00:34:08,520 Speaker 1: I can't even predict what's next. But it's something that 614 00:34:08,520 --> 00:34:13,799 Speaker 1: I've been thinking about. UM. I don't think meetups are 615 00:34:13,840 --> 00:34:18,480 Speaker 1: going away. I think the word to use maybe experiences. 616 00:34:18,800 --> 00:34:23,600 Speaker 1: I don't think meetups are going away because we all 617 00:34:23,600 --> 00:34:25,960 Speaker 1: still have to live in the world. Like we also 618 00:34:26,040 --> 00:34:30,120 Speaker 1: have to actually live in a world in which we 619 00:34:30,160 --> 00:34:33,600 Speaker 1: are interacting with people person to person. I also think 620 00:34:33,800 --> 00:34:37,920 Speaker 1: that there's so much value that you get from interacting 621 00:34:37,920 --> 00:34:42,480 Speaker 1: with someone in real life and that energy exchange. UM. 622 00:34:42,520 --> 00:34:45,880 Speaker 1: And so you know when you when you think about when. 623 00:34:45,880 --> 00:34:47,960 Speaker 1: So we just had our We've had all these different 624 00:34:48,000 --> 00:34:51,919 Speaker 1: meetups and irrelevance, but we had our first local meet 625 00:34:52,000 --> 00:34:56,279 Speaker 1: up last week. It was a completely different experience. And 626 00:34:56,280 --> 00:34:58,040 Speaker 1: then when we got on the chat, we were closer, 627 00:34:58,200 --> 00:35:02,399 Speaker 1: like it was a dip that that meeting people are 628 00:35:02,400 --> 00:35:09,200 Speaker 1: folks in person translated into a better community online. UM. 629 00:35:09,239 --> 00:35:12,120 Speaker 1: And I think what's going to happen is that outside 630 00:35:12,320 --> 00:35:15,680 Speaker 1: of just us meeting up UM and talking to each 631 00:35:15,680 --> 00:35:19,160 Speaker 1: other and saying like oh your x y like, instead 632 00:35:19,160 --> 00:35:23,120 Speaker 1: of doing that stuff, I think that there will be 633 00:35:23,160 --> 00:35:26,520 Speaker 1: a way for us to have shared experiences in which 634 00:35:27,480 --> 00:35:30,560 Speaker 1: that will be the genesis of the conversation and not 635 00:35:31,200 --> 00:35:33,520 Speaker 1: UM just like where do you live, how are you feeling? 636 00:35:33,880 --> 00:35:36,279 Speaker 1: I love what you have to say, um, And then 637 00:35:36,320 --> 00:35:38,080 Speaker 1: those will kind of be the through lines within the 638 00:35:38,120 --> 00:35:40,719 Speaker 1: community to make the community closer. I don't think the 639 00:35:40,760 --> 00:35:43,680 Speaker 1: community continues to grow at the rate that it does 640 00:35:44,160 --> 00:35:48,160 Speaker 1: without those meetups, but I do think there's a next 641 00:35:48,320 --> 00:35:50,200 Speaker 1: step to this. I just don't know what it is. 642 00:35:51,360 --> 00:35:55,640 Speaker 1: One of the best definitions of a job description of 643 00:35:55,680 --> 00:35:58,719 Speaker 1: a CEO I ever heard was set the direction and 644 00:35:58,760 --> 00:36:01,160 Speaker 1: make sure we don't run out of money, right. And 645 00:36:01,239 --> 00:36:05,040 Speaker 1: so I wonder how in a in a web three community, 646 00:36:05,040 --> 00:36:08,560 Speaker 1: when you think about there's so much shared value, they're 647 00:36:08,600 --> 00:36:12,719 Speaker 1: shared governance in so many ways because you know, tokenholas 648 00:36:12,719 --> 00:36:15,239 Speaker 1: can vote and all these different things. How would you 649 00:36:15,280 --> 00:36:18,799 Speaker 1: define the job of a Web three CEO. Oh, that 650 00:36:19,000 --> 00:36:23,279 Speaker 1: is a good question. Um, you're still setting the vision 651 00:36:24,400 --> 00:36:26,840 Speaker 1: in some cases. Right. There are cases in which it 652 00:36:26,920 --> 00:36:30,560 Speaker 1: is a doubt, in which um, it's shared governance. It's not. 653 00:36:30,760 --> 00:36:32,520 Speaker 1: You know, there's someone that's kind of leading the things 654 00:36:32,520 --> 00:36:34,600 Speaker 1: and moving things in the right direction, but you know, 655 00:36:34,719 --> 00:36:38,239 Speaker 1: the whole community is setting the direction. Uh. Then there 656 00:36:38,239 --> 00:36:40,320 Speaker 1: are some cases in which, if you are not a doubt, 657 00:36:40,600 --> 00:36:43,919 Speaker 1: it is still the role of the CEO to set 658 00:36:43,920 --> 00:36:48,520 Speaker 1: the direction. I think the Web three CEO though, where 659 00:36:48,719 --> 00:36:52,759 Speaker 1: and and I listen, I tell my folks this is 660 00:36:52,800 --> 00:36:59,279 Speaker 1: that are the most important person to me. I don't 661 00:36:59,280 --> 00:37:01,960 Speaker 1: care what you want, don't care what you want talking 662 00:37:02,000 --> 00:37:06,160 Speaker 1: to the leaders on my team. I only care about 663 00:37:06,719 --> 00:37:08,439 Speaker 1: the community members. I don't care. I don't care about 664 00:37:08,440 --> 00:37:11,200 Speaker 1: anything else. Literally, I do not care about anything else. 665 00:37:11,680 --> 00:37:19,320 Speaker 1: If they are not being heard, UM, taken care of, UM, nurtured, 666 00:37:19,680 --> 00:37:23,440 Speaker 1: like all of the things, then we're not doing our 667 00:37:23,560 --> 00:37:27,000 Speaker 1: job as leaders of this community. And so I think 668 00:37:27,120 --> 00:37:29,759 Speaker 1: that the difference of a Web three CEO is that 669 00:37:30,320 --> 00:37:33,239 Speaker 1: it is the you, which is similar to a web 670 00:37:33,280 --> 00:37:36,239 Speaker 1: to CEO, except it's just like employees. But in this 671 00:37:36,320 --> 00:37:41,200 Speaker 1: case it is our community members are the most important, 672 00:37:41,239 --> 00:37:44,680 Speaker 1: and I have to open myself up to them as 673 00:37:44,719 --> 00:37:46,200 Speaker 1: well as I have to open up myself up to 674 00:37:46,239 --> 00:37:48,000 Speaker 1: the people that are on the team helping me build 675 00:37:48,000 --> 00:38:08,960 Speaker 1: this life. Black Tech Green Money is and production to 676 00:38:09,040 --> 00:38:12,240 Speaker 1: black of the Afro Tech When Black Effect podcast Network 677 00:38:12,239 --> 00:38:15,080 Speaker 1: and Nightheart Media. Was produced by Morgan Dubon and me 678 00:38:15,480 --> 00:38:18,520 Speaker 1: Will Lucas with the disital Productive supported by Love Beach 679 00:38:18,520 --> 00:38:22,319 Speaker 1: and Rose McLucas. Special thank you to Michael Davis. If 680 00:38:22,400 --> 00:38:25,000 Speaker 1: that's a serranto. Learn more about my guests and other 681 00:38:25,040 --> 00:38:28,080 Speaker 1: tech instructors and innovators at afro tech dot com. The 682 00:38:28,200 --> 00:38:30,399 Speaker 1: video version of this episode, we'll drop the Black Tech 683 00:38:30,440 --> 00:38:33,799 Speaker 1: Green Money on YouTube, So tap in, enjoy your Black 684 00:38:33,800 --> 00:38:38,000 Speaker 1: Tech Green Money, share it with somebody. Go get your money. 685 00:38:39,080 --> 00:38:39,680 Speaker 1: Piece of love.