Speaker 1: I think, like beholding strategy is if I have an
Speaker 1: n f T that gets me access to all of
Speaker 1: Lebron's practices for the rest of his career, and after
Speaker 1: seven of those practices, I'm like, oh that was fun. Okay,
Speaker 1: I don't have Sundays free anymore. Let me go ahead
Speaker 1: and sell this like the use it's clear, it's clear.
Speaker 1: It's not like how long should I hold my board ape?
Speaker 1: Have I missed the top? Um? Someone made me an offer.
Speaker 1: I need liquidity, Like all of these other decisions that
Speaker 1: you make, um that you can get caught up in
Speaker 1: in in terms of like the strategy of buying those
Speaker 1: particular assets, I think that can you actually use what
Speaker 1: it is that you're buying into. If you can use it,
Speaker 1: then your gut, your instinct will tell you when it
Speaker 1: doesn't have a use for you anymore. If you go
Speaker 1: into this investment without that sort of gut clarity, then
Speaker 1: it's I don't think it's gonna appear halfway through beholding it.
Speaker 1: I'm Will Lucas and Mrs Black Tech Cream Money. I'm
Speaker 1: gonna introduce you to some of the biggest names, some
Speaker 1: of the brightest minds and brilliant ideas I feel black
Speaker 1: and building but simply using tech to secure your bag.
Speaker 1: This podcast is for you, Ashley kines Is self Talk,
Speaker 1: crypto trader, Web free Point enthusiasts, and you surpassion for
Speaker 1: educating and mentory and black women about crypto blockchain technology
Speaker 1: and the value of dolls to leave blackties, presents and
Speaker 1: projects in the crypto space. We've had a lot of
Speaker 1: conversations on this podcast about n m t s, the
Speaker 1: blockchain and more. So I asked asked you to give
Speaker 1: us a one oh one of how DOWS decentralized autonomous
Speaker 1: organizations work and what they may mean for how we
Speaker 1: govern ourselves in the future. Sure, so, just to break
Speaker 1: down the acronym itself. So it stands for decentralized autonomous organization. Right,
Speaker 1: So if we take the decentralized part, that part UM
Speaker 1: boils down to votes. In most cases UM there are
Speaker 1: widgets or builded INDs that are put into either the telegram,
Speaker 1: the discord wherever the community gathers UM and large decisions
Speaker 1: are made by vote, and so that's the decentralized part
Speaker 1: of it. There is typically a governance team who oversees
Speaker 1: the decisions that go to aboute what decisions are we
Speaker 1: voting on who sort of determines the north star and
Speaker 1: sets the vision, but the implementation UM and the buy
Speaker 1: in for that vision is done in a decentralized way.
Speaker 1: So that's the first word autonomous UM means. And this
Speaker 1: comes up when I think about like potentially having an
Speaker 1: Afro tech dow UM or doubts that are linked to
Speaker 1: larger corporations or other entities, like they are doubts by
Speaker 1: definition are intended to be autonomous and to be UM
Speaker 1: free of any sort of larger agenda than the one
Speaker 1: that is set forth by the governing body and the
Speaker 1: voting people that fill out the deep part of that acronym, right,
Speaker 1: the decentralized part. And then the last word organization, So like,
Speaker 1: how do you organize? What are you organized around? UM?
Speaker 1: What's the goal? Where do you meet? Whether it's telegram,
Speaker 1: whether it's discord, however you all come together. I'm in
Speaker 1: a basketball down. Once a month we UM get together.
Speaker 1: I don't play basketball, but I cheerly from the sideline.
Speaker 1: But once a month we get together in person UM.
Speaker 1: And there's this aspect that takes it offline, so it
Speaker 1: is still very human. So yeah, I mean that to me,
Speaker 1: at its simplest form, is really what a doubt is.
Speaker 1: It doesn't work the same when you try to break
Speaker 1: down like an f T and that acronym, I think
Speaker 1: it confuses people more. But DOW does the job of
Speaker 1: like really explaining what it is in the name. How
Speaker 1: do you imagine, you know, reasonably, within our lifetimes dows
Speaker 1: having the most significant impact on how we live or work.
Speaker 1: I think that UM the collective power, the collective financial power,
Speaker 1: So you don't necessarily need a coin to have a doubt.
Speaker 1: Not all dolls have their own treasury and coins that
Speaker 1: they launch, but many do UM, and when they do,
Speaker 1: it's that pulled financial power that I see being the
Speaker 1: greatest instrument going forward. Um, there are real estate hows
Speaker 1: there's a down now and to like buy football teams,
Speaker 1: basketball teams. Um, there's one to buy the constitution. So
Speaker 1: I think, UM, even n f T s, board apes,
Speaker 1: things that people couldn't buy as individuals but can now
Speaker 1: sort of own and buy into as a collective. I
Speaker 1: think that's really their greatest power moving forward. So how
Speaker 1: much of this has to do with how much of
Speaker 1: a particular coin or vote I earned, how in most cases,
Speaker 1: would you say that dows are you know somebody has
Speaker 1: a vote via the toke and that they own in
Speaker 1: the dow. I can't speak to most cases, um, but
Speaker 1: I will say in my own experience there hasn't been
Speaker 1: a weighted vote where your vote is a proportion to
Speaker 1: your ownership. I think, Um, the ethos of dows and
Speaker 1: just Web three in general is less about how much
Speaker 1: you own the money that you put up necessarily and
Speaker 1: how much you're actively giving to the community. So you
Speaker 1: could be in a DOW and see that there are
Speaker 1: a hundred members and you see the same fifteen twenty
Speaker 1: people speaking up in the chat, and then within that
Speaker 1: group of twenty people there are five people who are
Speaker 1: organizing in person events or doing some other aspect. There
Speaker 1: are definitely levels to contribution, and so um, those benefits
Speaker 1: are given to the people who contribute the most, not
Speaker 1: necessarily to the people who have bought in at the
Speaker 1: highest price. Point is so where I earn whatever that
Speaker 1: participatory reward is, how does that get created in the dows?
Speaker 1: So what am I earning? That? Says Okay, Will lucas
Speaker 1: we can see, is contributing more. Therefore he is you
Speaker 1: know has a higher profile in this in this organization. Sure,
Speaker 1: so I think that is a back door conversation into
Speaker 1: dows becoming sort of the workforce of the future, because
Speaker 1: right now I'm working on within my DOW, UM, we're
Speaker 1: working on badges and missions, much like video games, where
Speaker 1: like sharing on social media, UM is a particular mission
Speaker 1: for which you own a badge, and badges come with
Speaker 1: a value of coin, like if you earn the SO
Speaker 1: and so badge, you get one thousand of our coin
Speaker 1: or you get ten more of our coins. So there's
Speaker 1: a literal incentivization of if you do X, Y, and
Speaker 1: c on behalf of the community, the communities treasury rewards
Speaker 1: you with more coins. UM. I'm not sure that that
Speaker 1: is how every doubt is structured, but it's definitely a
Speaker 1: model that's becoming popular because these are still organizations in
Speaker 1: the sense that like even nonprofit too, they have people
Speaker 1: that actually run it and they do the work um,
Speaker 1: even though they're working on behalf of other people. And
Speaker 1: I was gonna ask you about nonprofitsy, We'll talk more
Speaker 1: about that in a second, so let's put a bookmark there.
Speaker 1: So the ones that you talked you just mentioned you
Speaker 1: know for those who are people who are contributing more
Speaker 1: and then they get these badges. You know, we're very
Speaker 1: familiar with badges, especially if you play video games. UM.
Speaker 1: So when you get those badges and there you know
Speaker 1: their coins in respect, what what do you what can
Speaker 1: you apply those two Can I you know, can I
Speaker 1: buy something offline with that coin? Like? What can I
Speaker 1: do with my coins? It's up to the individual, um
Speaker 1: to the question of whether or not you can buy
Speaker 1: actual things in real life with them. Absolutely. The procedure
Speaker 1: for that is you flip it from its coin back
Speaker 1: into ether, back into US D C, U, S d
Speaker 1: T or just you know money, um, cash as we
Speaker 1: know it. However, if you believe in the organization that
Speaker 1: you're doing all of these hours for that you're doing
Speaker 1: all of these work, this work for you almost don't
Speaker 1: want to cash those coins out because you're it's free money.
Speaker 1: I mean, you might get when I get the particular badge,
Speaker 1: that coin might be worth five dollars a coin, but
Speaker 1: I believe by the end of the year it's going
Speaker 1: to be worth eleven dollars a coin and I didn't
Speaker 1: have to pay anything to get it. So, um, it
Speaker 1: depends on your personal strategy. I think that there are
Speaker 1: definitely two different schools of thought as communities start to
Speaker 1: really think about whether or not they want to do this,
Speaker 1: Because there are the people who are absolutely like, yes,
Speaker 1: this is the future of work, and depending on how
Speaker 1: many hours you put into this, you can make two thousand,
Speaker 1: three thousand dollars a month working on behalf of the doubt.
Speaker 1: And then there's another school of thought that's like, absolutely,
Speaker 1: no one should be living off of their participation in
Speaker 1: this doubt. This is UM as close to you, I
Speaker 1: don't want to say non profit, but as close to
Speaker 1: UM just fun or on behalf of the community as possible.
Speaker 1: It's cool if you can make a few extra dollars,
Speaker 1: but we definitely shouldn't be setting it up to that
Speaker 1: people are doing forty hours a week of missions and
Speaker 1: badges and coming home with a full time salary. You
Speaker 1: mentioned something with regards to the transitioning accurrency, like you know,
Speaker 1: exchanging it for ether or whatever. What determines the value.
Speaker 1: Let's say, if you created a doll today, what is
Speaker 1: determining the value of its exchange to ethere or other things? Sure,
Speaker 1: so when a coin is first launched, UM it can be.
Speaker 1: I say it can't, because this isn't a percent of cases.
Speaker 1: But you mint the down mints their coin. They say
Speaker 1: we want to mint a million of afrotep coin. Will
Speaker 1: say um, and we're going to sell them. The initial
Speaker 1: price will be a dollar fifty per coin. That dollar
Speaker 1: fifty is arbitrary that was set by the original creators
Speaker 1: of the coin and of the doubt. Then that graduates
Speaker 1: to what's called an a MM, which stands for an
Speaker 1: automated market maker. For example, unit swap is an a
Speaker 1: m m UM. Once the treasury of a particular doubt
Speaker 1: releases some of its coins to an a MM, it's
Speaker 1: pure supply and demand that determines the value of that coin,
Speaker 1: getting from a dollar fifty to three dollars to six
Speaker 1: dollars to dollars. That's not something where the leadership or
Speaker 1: governance of a particular doubt sits down and says, okay,
Speaker 1: now it's time to take it up a notch um.
Speaker 1: I think what does happen consciously is that they start
Speaker 1: to notice that the demand is increasing and now it's
Speaker 1: time to push it to an a m M so
Speaker 1: that we can make sure we're maximizing the amount of
Speaker 1: people that are interested in getting in the value that
Speaker 1: people are seeing in this coin and letting it fly,
Speaker 1: and did the open market determine what it will be worth?
Speaker 1: But the initial amount is arbitrary and then once you
Speaker 1: move to an a MM, it's it's people who want
Speaker 1: to buy in that are really setting that up. Now,
Speaker 1: when you consider the question from the state of what
Speaker 1: makes someone believe that they want to pay seven dollars
Speaker 1: for something that used to be worth a dollar fifty,
Speaker 1: that can be or really any number of things. If
Speaker 1: you see the community getting more popular, and like cloud
Speaker 1: cloud is a big one. Um, I think to me
Speaker 1: that's one of the magical aspects of doubs is that
Speaker 1: you really can sort of quantify cloud in this sense
Speaker 1: because just off of the popularity of a doubt, it's
Speaker 1: coin can ten x in a matter of weeks or months. Um.
Speaker 1: But it's assets are another the mission. Um. Yeah, I
Speaker 1: mean there are a number of factors that will increase
Speaker 1: what people believe to be the value of this community
Speaker 1: and it's corresponding coin. But yeah, definitely a m M
Speaker 1: S Yeah, And so what what drives the demand of
Speaker 1: a doubt? So when when you think about Is it influencers.
Speaker 1: Is it the same sort of marketing thing that happens
Speaker 1: in every other you know in the digital age? Is
Speaker 1: it just influences guideas well? Now everybody wants to be
Speaker 1: a part of this thing, so that drives the demand
Speaker 1: and therefore the value of those tokens. Yes and no. UM,
Speaker 1: the utility is really what ought to be driving it
Speaker 1: UM and some dows are made popular by their utility
Speaker 1: by having a mission that that's clear, it's clearly defined,
Speaker 1: people can get behind it UM. And then in other
Speaker 1: cases it is hype and it's utility from December to
Speaker 1: July to the next December has not changed, but people's
Speaker 1: desire to be associated with the brand has increased. UM.
Speaker 1: And they may have thrown one hot party in August
Speaker 1: or something where they I mean people also UM people
Speaker 1: being the governance of Taos, they make strategic moves that
Speaker 1: also help increase the value of a coin in the
Speaker 1: short term, like token gated events. UM. I remember during
Speaker 1: art Bussle here in Miami, one of the larger Dallas
Speaker 1: friends with benefits through a party UM and they had
Speaker 1: Rika Badou DJ and it was just sort of like
Speaker 1: a star studied event and it was five coins to
Speaker 1: get in. That was sort of like the gate keeping
Speaker 1: threshold to get into this party. And at the time
Speaker 1: the coin was worth a hundred dollars, So it cost
Speaker 1: five hundred dollars to get into UM this particular party,
Speaker 1: and people wanting to go to the party took it
Speaker 1: from seventy to ninety to hundred, and the party's over
Speaker 1: UM and now it's probably sitting around sixty right now.
Speaker 1: Who should be thinking about creating dolls? Like we mentioned
Speaker 1: nonprofits UM, what types of organizations and we're going to
Speaker 1: talk about the future were, but what types of organizations, startups,
Speaker 1: UM collectives should be thinking about dolls? I think in
Speaker 1: some sense everyone should be thinking about organizing around UM
Speaker 1: a mission that they believe in and they think that
Speaker 1: will attract other people to organize around. But I am
Speaker 1: being vague and entering that because I read a tweet
Speaker 1: the other day that I've found really true, which is
Speaker 1: just sort of like, it's more lucrative to hold a
Speaker 1: portion of a treasury of a new doubt than it
Speaker 1: is to be a member of a pre existing taw
Speaker 1: So if you're making a money play, if you're trying
Speaker 1: to not necessarily get rich quick, but you want to
Speaker 1: be a whale of a particular coin or a cumula
Speaker 1: reap the benefit of those coins going ten x or
Speaker 1: five x or whatever they're doing. You're not necessarily going
Speaker 1: to put all of your time and energy into someone
Speaker 1: else's now that may have the exact same mission is you.
Speaker 1: It's more lucrative for you to go start your own.
Speaker 1: And I think that that's really a kink to be
Speaker 1: worked out in this entire process and why it's part
Speaker 1: of the ethos that people shouldn't like be making money
Speaker 1: he plays in the space in general, because when you
Speaker 1: just keep it purely at organizing around a mission that
Speaker 1: we all believe in and collectively feel like we can
Speaker 1: get there faster, better, stronger together than everyone should think
Speaker 1: with consider a doubt, whether or not they're considering starting
Speaker 1: a doubt. If that makes sense. How do you think
Speaker 1: about how the Internet of things may impact our dial participation,
Speaker 1: our punishment or reward in a dial um? Will our
Speaker 1: devices betray us? So if I think about if car insurance,
Speaker 1: you know, the rate I get it may depend on
Speaker 1: how fast I go, being you know, determined by some
Speaker 1: by or system in my vehicle telling the insurance company. UM,
Speaker 1: how will the endet of things impact our relationship with
Speaker 1: organizations that we may deal with. I think that in
Speaker 1: general UM society is moving in a direction of, in
Speaker 1: my opinion, overly quantifying UM any number of things, like
Speaker 1: from wearing fitbits to sleep until you have many minutes
Speaker 1: you slept well or got deep sleep or whatever. And
Speaker 1: so I think that DOWS can also either be helped
Speaker 1: or fall prey to this over quantifying of contribution, over
Speaker 1: valuing the people who spoke up five times in a
Speaker 1: day even though absolutely nothing that they had to add
Speaker 1: to the conversation was substantive or move the conversation forward,
Speaker 1: but the contribution itself was greater than UM in quantity
Speaker 1: than someone else's one really really thought provoking statement this month,
Speaker 1: and then you know, they dipped out, they had other
Speaker 1: stuff to do. So I don't think that the system
Speaker 1: of reward UM, whether it's reward and coin or rewarded
Speaker 1: with a leadership position or UM, whatever you see, your
Speaker 1: personal reward is for having gotten into this DOW. I
Speaker 1: don't think that UM. I think the Internet of things,
Speaker 1: as you say, will sort of push that towards a
Speaker 1: system where we need to really be mindful of our
Speaker 1: individual north stars in the space, like what are we
Speaker 1: here to accomplish? And what um what this success mean
Speaker 1: to the individual and to the organization too, that we're
Speaker 1: not just a statueet of this many members, this many
Speaker 1: people did this, We have this many hours of contribution,
Speaker 1: this many people durining the conversation seventy of blah blah blah,
Speaker 1: And it's like, but what do you do? What impact
Speaker 1: do you have? I love that it's a great segue
Speaker 1: into this this question because I was thinking about conversation
Speaker 1: I have on this podcast about n f t s
Speaker 1: and why which this is a strategy I've adjusted in
Speaker 1: this speaks to what you just said. I did not
Speaker 1: believe personally in investing in centralized editable metadata n f
Speaker 1: t s where it may be stored on somebody's a
Speaker 1: WS somewhere, so that it was not on the blockchain,
Speaker 1: not on I p f S. And I sort of
Speaker 1: had to readjust my thinking because if I'm preaching, you know,
Speaker 1: get to know the engineering team building it, get to
Speaker 1: know the founders, get to know the organization. Maybe it
Speaker 1: doesn't have to last forever, but does it have to
Speaker 1: last forever? Right? And so I wanted to get your
Speaker 1: idea on, you know, thinking about these things centralized versus decentralized,
Speaker 1: particularly around n f t s, and what are your
Speaker 1: thoughts on holding strategy with me saying that, So, I
Speaker 1: was what I'll call late to n f t s
Speaker 1: probably in the last couple of months. I've been researching
Speaker 1: them for over a year, but sort of aped in
Speaker 1: on the last couple of months, and I had similar
Speaker 1: reservations and just not really understanding, um where the money
Speaker 1: play was number one in terms of like holding, what
Speaker 1: what am I really getting in for? What is the
Speaker 1: move here? Or um. I think not to sidestep your question,
Speaker 1: but really the answer, my answer to your question is
Speaker 1: always to tell people that I am bullish on experiential
Speaker 1: n f t s, and I think in that sense,
Speaker 1: like beholding strategy is if I have an n f
Speaker 1: T that gets me access to all of Lebron's practices
Speaker 1: for the rest of his career, and after seven of
Speaker 1: those practices, I'm like, oh, that was fun. Okay, I
Speaker 1: don't have Sunday's free anymore. Let me go ahead and
Speaker 1: sell this like the use it's clear, it's clear, it's
Speaker 1: not like how long should I hold my board ape
Speaker 1: have I missed the top? Um someone made me an offer.
Speaker 1: I need liquidity, Like all of these other decisions that
Speaker 1: you make, um that you can get caught up in
Speaker 1: in in terms of like the strategy of buying those
Speaker 1: particular assets, I think that can you actually use what
Speaker 1: it is that you're buying into. If you can use it,
Speaker 1: then your gut, your instinct will tell you when it
Speaker 1: doesn't have a use for you anymore. If you go
Speaker 1: into this investment without that sort of gut clarity, then
Speaker 1: it's I don't think it's gonna appear halfway through beholding it.
Speaker 1: Are there dolls that we've been exposed to and we
Speaker 1: just you know, haven't kind of connect the dots that
Speaker 1: we've been you know, engaging with a decentralized autonomous organization.
Speaker 1: And the reason I ask is this, you know, when
Speaker 1: we have the conversation on this podcast about n f
Speaker 1: T s, like we're we've been familiar with n f
Speaker 1: T like non fungibility for some time, like are you
Speaker 1: know your your birth certificate, that's a non fungible asset.
Speaker 1: So when we put it on the blockchain, now it's
Speaker 1: a non fungible token. You know so, But have we
Speaker 1: in the same way been exposed to the concept of
Speaker 1: a decentralized autonomous organization and now we're just starting to
Speaker 1: see blockchain implications. I think we are used to a
Speaker 1: number of aspects of it UM. What we're not used
Speaker 1: to is UM what i'll call the shareholder model of
Speaker 1: like being bought in and then also as it becomes
Speaker 1: more popular, assets assets become more useful, or however the
Speaker 1: case may be, like we also go up in value
Speaker 1: UM being able to sort of move up in a
Speaker 1: non political space. Workplaces have plenty of politics. The upside
Speaker 1: of being in an overly quantified environment of like hours
Speaker 1: of contribution and missions and badges completed, is that you're
Speaker 1: it's free of those things. So yes, it takes a
Speaker 1: lot of what we're used to UM, and it matches
Speaker 1: it with things that were not necessarily used to UM
Speaker 1: and the blockchain itself, like having this open record, this
Speaker 1: lack of ambiguity of really being able to say, like,
Speaker 1: what transaction happened on what day by what you user
Speaker 1: X y Z like. Even that transparency is an aspect
Speaker 1: that we're not necessarily used to. When you put those
Speaker 1: things all together, I think they're incredibly powerful and new,
Speaker 1: but the barrier of entry shouldn't be so high because
Speaker 1: to your point, yes, there are many many aspects of
Speaker 1: doubts that were already performing. There was a quote I
Speaker 1: read UM and I think it's from Injuries and Horowitz
Speaker 1: where they were talking about the future of work and dows,
Speaker 1: and this particular paragraph struck me and it said the
Speaker 1: traditional way to make money was to work to earn,
Speaker 1: but the future of income is to X to earn,
Speaker 1: play to earn, learn to earn, create till to earn UM,
Speaker 1: and work to earn. And so when you think about
Speaker 1: UM what it may mean for employment, you already have
Speaker 1: like the gig economy, influencers YouTubers who are making money.
Speaker 1: UM do we expect in our lifetimes or you know,
Speaker 1: reasonably in the next wouldn't you our lifetimes? But the
Speaker 1: next ten to fifteen years that we may see large
Speaker 1: corporations UM dissolve or be created in the DOW respect
Speaker 1: based on these sort of UM inputs, these workers, these
Speaker 1: people producing the value. I believe more that we will
Speaker 1: see dows rise to the size of corporations before I
Speaker 1: believe that we'll see corporations that sort of bow to
Speaker 1: UM the system that dows are implementing for the reason
Speaker 1: of concentration of power. I just really don't see UM
Speaker 1: corporations giving that up. I'm sure there are plenty of aspects,
Speaker 1: like a buffet table, they like that DOWS vote. Sure,
Speaker 1: we can implement voting, like we can do this, but
Speaker 1: ultimately like members will be holding ten percent of the
Speaker 1: treasury when the governance is holding or something like that. Like,
Speaker 1: I just I really don't see corporations coming to the
Speaker 1: ethos of the web three space necessarily. But I do
Speaker 1: think that dolls with people power can amass the power
Speaker 1: and the control over a particular market that corporations now have.
Speaker 1: What are some dolls we should be paying attention to
Speaker 1: some some if it is, you know, buying into an opportunity,
Speaker 1: some low cap opportunities to be able to get into.
Speaker 1: What are some dolls that you're excited about that this
Speaker 1: audience should be should know about to get their feewab well,
Speaker 1: so shameless plug, I would definitely start with dow Labs
Speaker 1: UM and dow Labs started, of which I'm a part of.
Speaker 1: Dow Labs started with Miami Tech runs UM, which really
Speaker 1: started during Bitcoin Week last year in Miami. It was
Speaker 1: a group of primarily guys who were just like, hey,
Speaker 1: let's get together, let's play basketball, um, and also talk
Speaker 1: about crypto. And then they launched a coin and didn't
Speaker 1: really see it like getting very big even though it
Speaker 1: had like a powerful group behind it. I mean, these
Speaker 1: like guys who are saying let's get together and play
Speaker 1: basketball are working at a six ten d and they
Speaker 1: are launching downs of their own. UM, so they're pretty
Speaker 1: big in the space already. And so cut to less
Speaker 1: than a year later, and there are now like four
Speaker 1: other cities in the works, and this umbrella company has
Speaker 1: sort of been born called dow Labs that is now
Speaker 1: pulling in all of um these other they're using the
Speaker 1: system that made the first dows so popular and making
Speaker 1: it replicable across different use cases, and so people are
Speaker 1: coming to them us um and asking for Dow Labs
Speaker 1: to launch their particular dobs. So I think that it's
Speaker 1: going to be a powerhouse of just all of the
Speaker 1: coolest project that you see, all of the doubts that
Speaker 1: you think are just kind of far flung, Like we'll
Speaker 1: look up one day and they will all be under
Speaker 1: the umbrella of the sort of like prognerant gamble of
Speaker 1: Dows that is led by a black man by the way,
Speaker 1: who is on the Dow panel for Afrotech Exact Miami
Speaker 1: this week and actually full disclosure, all of us on
Speaker 1: that panel are Dow labs. UM. That just sort of
Speaker 1: like speaks to the power that it has outside of that. UM.
Speaker 1: Friends with Benefits is a big one also has a
Speaker 1: black man founder also on the panel UM and Friends
Speaker 1: with Benefits has a million use cases. I mean it's
Speaker 1: controversial and that now it's very costly to get in.
Speaker 1: It's sort of the king of the space, the king
Speaker 1: of the cloud Dow UM, I would say, Um, but
Speaker 1: definitely they've got like chat rooms for investing and just
Speaker 1: for other aspects for people to really get the community
Speaker 1: and the support that continues to bring value to those
Speaker 1: very expensive coins. UM. What else? What other dolls are there?
Speaker 1: There are a number of real estate dolls, and I'm
Speaker 1: really sad that I'm blanking on the name of a
Speaker 1: good one right now, but that are like pooling assets
Speaker 1: to buy property together. I think that is really cool.
Speaker 1: They're all sort of pulling it off in their own way. UM. Yeah,
Speaker 1: I mean there are there are so many dolls popping up.
Speaker 1: You can type in like chocolate chip cookie doll and
Speaker 1: you'll find something. Everyone is starting something. UM. Not all
Speaker 1: of them will last, but you know, there have been
Speaker 1: some great models. I would say the Constitution DOW is
Speaker 1: a great model of one that did not last but
Speaker 1: was still ultimately beneficial for everyone who bought in. Yeah,
Speaker 1: I'm glad you you just touched on something that didn't last.
Speaker 1: Because I was gonna ask, is this sort of like
Speaker 1: an n f T where I need to before I,
Speaker 1: you know, dive into something for ape into an n
Speaker 1: f T, I need to know who's behind this thing,
Speaker 1: like who built this thing? Like who's where's it's all
Speaker 1: these things? Like what should I understand before I ape
Speaker 1: into a DOW? Yeah? I think so. To go back
Speaker 1: to the Dow Labs example, I think that's what makes
Speaker 1: them powerful, right because one say, Miami Tech runs, and
Speaker 1: no one wants to get together in Miami to play
Speaker 1: basketball anymore. So those coins, the Miami Tech run coin
Speaker 1: then converts into a Dow Lab coin UM, and then
Speaker 1: as new doubts are brought into the umbrella, you still
Speaker 1: reap the overall benefit of any doubt associated with that
Speaker 1: sort of umbrella brand. Um, while individual ones may come
Speaker 1: and go. So I think that that in particular is
Speaker 1: why I'm very passionate about that project, because it doesn't
Speaker 1: have to last forever. The overall mission is sort of timeless. Um.
Speaker 1: But I think that if you what you're speaking to
Speaker 1: is like rug pulls right, where you buy into something
Speaker 1: and then someone buys all the real estate and then
Speaker 1: they shut down the discord or something like that. Um,
Speaker 1: this space is new, so there's really no legislator, there's
Speaker 1: no precedent, there's no legal precedent for people, UM kind
Speaker 1: of taking governance to task on things like that. I mean,
Speaker 1: the blockchain offers the transparency to make any sort of
Speaker 1: legal case almost open and shut because there there is
Speaker 1: a financial record that can't necessarily be obscured. But um, yeah,
Speaker 1: we definitely don't suit. It's the wild world West in
Speaker 1: that sense. Yeah. And so you mentioned afro Tech exactly,
Speaker 1: which I'm super excited about. Um, we're headed to Miami
Speaker 1: this week. What can you expect or what should we
Speaker 1: expect more from afro Tech and the Gravity family about
Speaker 1: n f t S blockchain. And because we've you start,
Speaker 1: we've been in the metaverse for a couple of years
Speaker 1: now with afro Tech, and so talk about you know
Speaker 1: what the community, our community can expect to see from
Speaker 1: afro Tech coming forward. I think first and foremost, the
Speaker 1: community can expect to see that we are already in
Speaker 1: the space. We Gravity, we afro Tech, but also we
Speaker 1: black people, um are are already in the space. We
Speaker 1: have a featured n f T artist coming at least Swops.
Speaker 1: I don't know if you're familiar with her. She has
Speaker 1: a coin based commercial. She just had a billboard in
Speaker 1: Times Square. I mean, she's out here as a black
Speaker 1: n f T artist, UM. And so I feel like
Speaker 1: we need to know the names of the people doing
Speaker 1: the work in the space. Everyone who touches the stage
Speaker 1: as someone who has been doing the work in the
Speaker 1: space for at least the past couple of years. And so,
Speaker 1: while you know, we're doing these podcasts and we're doing
Speaker 1: the work to sort of educate people and bring them in,
Speaker 1: it's also good to couple that with the knowledge that, like,
Speaker 1: we are also already here, and you can sort of
Speaker 1: reach out to people who look like you at any
Speaker 1: moment and ask them a question asked for their expertise
Speaker 1: lean on their knowledge. UM. So yeah, I think that
Speaker 1: that's hugely important, just just familiarizing with who is already
Speaker 1: doing the work um. And then beyond that, there are
Speaker 1: so many aspects of blockchain technologies. I'm happy that there
Speaker 1: is a panel on DOWS, and another panel on defy,
Speaker 1: and another panel and n f T s and then
Speaker 1: we've got a gallery of our n f T artist
Speaker 1: and the n f T artists there in person to
Speaker 1: answer questions if anyone should have, like so that people
Speaker 1: sort of understand how all of these technologies, um come together,
Speaker 1: how the community comes together. UM. I like to say
Speaker 1: that I'm sort of a grandparent in the crypto space
Speaker 1: because I've been in it for like four or five years.
Speaker 1: Isn't it so new that, like most people have not
Speaker 1: been in it for that long? But like when I
Speaker 1: started trading, you literally had to read a white paper
Speaker 1: to know like what that coin was even planning to do,
Speaker 1: like what the value the intention behind its release. Like
Speaker 1: when people buy stocks on the stock market. You know
Speaker 1: Coca Cola, you know propt A Gamble, you know what
Speaker 1: they do, you know what you're buying into. In two
Speaker 1: thousand seventeen and most of these coins out now, we're
Speaker 1: not out in two thousand seventeen, or they launched in
Speaker 1: two thousand seventeen. Most of them. Um, you just there
Speaker 1: was no trading history. So now people go back on
Speaker 1: coin base or binance or whatever trading desk that you use,
Speaker 1: and you just kind of look at the trading history.
Speaker 1: They don't even know that there's a white paper. They're
Speaker 1: not concerned with it at all. Um. But all of
Speaker 1: these spaces used to interconnect way more than they do now.
Speaker 1: And so all of that to say that I'm excited
Speaker 1: to like bring that this event um capture the interconnectivity
Speaker 1: of all of these aspects of blackchain technologies. Black Tech
Speaker 1: Green Money is a production of Black at the afro
Speaker 1: Tech in a Black Effect podcast network and I Heard Media.
Speaker 1: It's produced by Morgan Dubon and me Well Lucas, with
Speaker 1: additional production support by love Beajaman Rusa Lewis. Special thank
Speaker 1: you to Michael Davis. Jermaine Hall is the car savan
Speaker 1: Yan you know, like the one. Yes, that's his real name.
Speaker 1: Learn more about my guests and other tech disrupt that's
Speaker 1: it innovatives to afro tech dot Com. The video version
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Speaker 1: Go get your money, peace and love, se