Web3 Adoption : NFTs, Talent, & the Journey Beyond Web 2

Web3 Adoption: NFTs, Talent & the Journey Beyond Web2

SPEAKERS:

Nadja Bester, AdLunam Inc Co-Founder

Alexander Shedogubov, Genesis member of Envelop DAO

Stacey-Lee Bolon, CEO of STiiNT-iT

Ankit Raj, Head of Growth at Rise In

All right, awesome. Stacey, good to talk to you every again, it's been a while, right? I mean, when I used to see each other, was in Cape Town, but I don't remember when, it was quite a while ago. I know that.

Yeah, listen, days of the week are elusive to me at this point in my life. So I don't know how many, like months ago we actually crossed paths. Where are you at the moment?

I'm in Thailand for DevCon in a couple of weeks. But yeah, you're saying about, you know, the months and the weeks, like blending into each other. I don't remember which part of my life, it wasn't the case. So I've just accepted that's my reality, and that's it, right?

Something like that, something like that.

All right, Ankit, I see you. We've got you in the house as well. Let's do a quick sound check with you. Can we hear you? Where you're dialing in from?

Yeah, hi guys. I hope you can hear me. And I'm dialing in from Dubai. I heard you are in DevCon so we'll join you there next week.

Ah, awesome. Okay, yes, please, definitely. Let's connect When you're here. Alexander, I see you're still listening. You've just become a speaker. Hey, how's it going? Where are you dialing in from?

In Bali, Indonesia.

Yeah, so web3 adoption in general is a very broad term, but I think you know how we look at it and how we are helping a lot of you know, web3 ecosystems reach that is basically unlocking like real world use cases with it. I think the simplest explanation of, you know, simplest explanation of like web three adoption is help enable real world use cases. So for example, we work with, we work with stellar. And, you know, with stellar, we have helped unlock a lot of like financial, real world use cases where it's like moving money from us to, let's say, Africa, or to India or to some other place at like, a fraction of cost. And also with fast speeds. So that's one, you know, that's one big way of, you know, real world use case. I think the lame real world use cases like, you know, mimicking the stock market degenerative stuff that a lot of us do on DeFi platforms. So that is also, you know, a real wealth use case that is bring adoption for red three. I think the other thing that we also believe on that is going to bring, you know, mass adoption is, you know, with education and awareness, right? So right now, for everyone, web three, some sort of, you know, a jungle where you know people will get looted, or, you know, don't know what's going on, I think the biggest problem that is, you know, that we're trying to solve for is to get that messaging and like education to people correctly, so that they don't think of it as a scam, and rather kind of understand how it is. Because I think the web three ecosystems in general, or like three in general, has become, like, more flashy and more confusing over the years. So, yeah, I think when a lot of people start, you know, we start demystifying things for people in general, I think we'll have will hit mass adoption. But also, I think it's a slow process. It's not like it's going to happen, like in a few weeks. I think it's a ecosystem, you know, wide effort, like all the people on the call here, you know, should, take a step towards, kind of educating, empowering people about the legitimacy and the real world use case of web3. Yep.

Thank you so much. Ankit. I mean, couldn't agree more, in terms of real world use cases, demystifying all these crazy terms and terminologies that the. Is not really serving us for the most part, and then also just being that person at the Christmas party trying to explain that your industry and your in your job, in your career is not a scam. So I think we've got a long way ahead of us. But as you say, this is a very slow process, because it's an entire evolution of multiple ecosystems, not just one. Thank you so much for those insights. Stacey Lee, in terms of stint it, your emphasis is on user controlled professional data. Now, I did a TEDx talk a couple of weeks ago on data ownership, and I mean, I knew already, of course, in this industry, how difficult it is to have a basic conversation with people about data ownership. But when preparing for this talk, I really understood how difficult it is because you're in an echo chamber in the web three space, and you use terms, and you talk to people, you talk about adoption, you know, as if we all understand what we all are talking about. But when you talk to people out in the quote, unquote, real world, you realize the not only is the adoption level very far off, but even the understanding about something like data ownership, what it is, what the challenges are, why it's important. You know, these are all incredibly difficult things. So for you, what does adoption mean to you? And then also, what does that look like for STiiNT-iT , where you work with, you know, more traditional industries and kind of onboarding them into concepts that are hard to understand. I'm not able to hear you. I'm not sure if I'm the only one. Let me just quickly check with my team.

My mic says it's on.

Yes, now I can hear you,

perfect. You got me. Okay, super. So I don't know if you heard my little ensemble just to begin with, but so basically, I mean when we started out the journey of bringing students to the world, it was very, very difficult to land the concept of data ownership, like, what does that mean? Where we progressed and kind of been able to explain to people what that essentially means is that you can decide who gets to see your information. Okay, so I'm going to try and just break it down for you in like in using stint it as an example, so say for example, and kit has the most unbelievable profile, just as an example, but also in real much. So he has this most unbelievable profile, right? He's not particularly great on LinkedIn. He's not really getting much visibility. Maybe there's biases around a gender or a race or a religion or whatever, right? So what we've essentially enabled is that a hiring company can come to a web three community and request to do like a recall of individuals that have a particular skill set. Okay, so say, for example, specifically within Web3 education, and there's a profile that pops up with other age, name, race, gender or contact details, right? It says that we've got five hits from around the world who match the spec of the person that you're looking for. Then we have an automated process that basically sends a message to those five individuals saying, this company would like to See your information. Will you allow them Access to you?

Of every single week. But it seems that Stacy, we've lost you. We are not able to hear you at the moment, I hope you guys can hear me. Please give me an emoji if you can. Hopefully the tech gods are going to be kind to us as we discuss all these tech topics. So Stacey, maybe if you leave and then rejoin, we might be able to hear you, because your sound just stops working mid sentence. So in the meantime, oh, you hear you. You're back. You're great. Okay, I can hear you now, so you want to sorry. I think we lost you for quite a while.

Oh, goodness. Okay, I'm wondering where can I just double check with everyone else, whether it's a problem on my side, because then I would rather exit and rejoin, or if it's nudges,

yeah, that'd be good to know. I think my team says they're losing you as well. But Ankit, Alexander, are you guys able to hear Stacey, not sure what the tech situation is on the other side of the line?

No, I think we lost her for like a minute or so in between.

Awesome. Thank you. Thank you. Ankit, so Stacey, I think leave and then rejoin. Hopefully it'll be better. Yeah, super, okay, awesome. See you soon, Alexander, in the meantime, I'll go on to you. Of course, Envelop is working on amazing innovations in the NFT space. We love what you guys are doing. I think you're doing amazing things. So you however, are working, you know, on a very specific aspect of web three. I mean, if we talk about NFTs, I think, as Ankit was saying earlier, you know, you talk about mainstream adoption. And then there's this specific segment in web3, you know, the DeFi space and the NFT space, we a small group of people are aware of what is happening, however, the technologies that envelope is working on. I mean, these are technologies that we can already almost envision is going to become part and parcel of at least some industries and some roles in those industries In future. So how do you see adoption personally, you uh, Alexander, you're on mute if you are speaking. Guys, I'm telling you, it's really one of those days where it's just all gonna go wrong. Stacey, I see your back. Can we try again? Let's see how it goes this time.

Yes, super awesome. Okay. Can you guys hear me now? Yes, yes. Oh, nice. Thanks, guys, thanks. Okay, so I'm not 100% sure where I got cut off. But the gist of it is that at the point in time where, where, and kit decides that he's happy to share his personal, professional information with the hiring company, he can make that decision to share his information, and upon the instance where he shares his contact details, so name, age, race, gender, contact details, he receives a portion of the unlock fee paid by by the hiring company. So in this instance, he's now monetizing his own personal professional information, so deciding if he wants to share it because there's an opportunity that matches his interest, and if a hiring company says, Great, this is an interesting this is an interesting kind of verified CV, Then they can pay to unlock his contact details.

Wow, that is an amazing and very interesting concept that I've really not come across before. I'm curious then as a follow up question, again, you know, catering to those people who might not have thought about this in a lot of depth before, why is it important? Why is this important in this day and age?

So I think that it's very So number one, we wanting to entice people to provide as much verified information into their profiles as possible. Obviously, the if you're not sitting with a really nice data lake of verified information, then you're kind of losing the point of all of it, right? I'm not going to pay to unlock someone's personal professional profile if the information that's contained within the profile is not verified, right? So enter the concept of blockchain, and NFTs, Soulbound NFTs, etc, right? So I think the notion behind that is of primary importance. So what we're trying to educate the user in is that this is not intended to be a secondary income stream. It's not going to be enough, enough money that you're creating a business out of this, right? But it also means that companies that are not serious are not going to be bothering you and kind of just acquainting you with the understanding of there is this concept that the LinkedIns of this world don't necessarily need to be the owners.

Stacy, it seems like we've lost you again, but I think the last point that you were making is that the LinkedIns of the world, doesn't have that. They don't have to own our profiles and our data on our behalf, if I heard that correctly,

yeah, yeah, absolutely.

Well, although we are all on LinkedIn, but at the same time. I think Stacey, as you say, you know, it's one thing to be on a platform and to use a platform, but then, are you able to unmute and were you able to hear my question about what adoption looks like for you and for Envelop?

I have rest of the question about the adoption, how it looks for Me and Envelop, right? Yes, absolutely. For us, it looks as we started from the art. It was the first release case we saw for NFTS like Miss mass one, and it helped our primary idea about making on chain royalties. And we started with it and developed our concept, and then we saw kind of evolution when we deliver tech solutions for NFTs, like its first life was art, and then GameFi, then now, sometimes we see try the times for real world assets. We see, like adoption, like it's happening slowly, evolution way, and we try to deliver ready to use on chain solutions like true one, and it was designed like an essential software three to be decentralized. Everything on chain, maximum and distributed like now, about 14 chains we have, if not answered, so you can ask questions.

Thank you, Alexander, yeah, I think, you know, that's a very great sort of point to pivot into the next question. You know, you mentioned this evolution of NFTs from art, and we've seen this over the last three years. Did I say the last three years, the last several years, at least, across many different narratives in web three, right? And so NFTs were super hot, and now they are no Longer hot. I mean, now It meme coins.

Is it just me or we can't hear anyone?

No, I also can't hear

now I started to hear.

I see Nadja's. It's listed as connecting.

After the show we are all going to give ourselves participation trophy NFTs for having like, like, just this Twitter thing is driving me insane. Anyway, getting back to the conversation, I see you guys couldn't hear me, so I was asking Stacey, in terms of the biggest challenges moving from web2 to web3, what do you think those are? You know, generally speaking,

I think the challenges are, I mean, obviously there's an element of technical complexity and explaining to our customer the security of what it is that We're doing, I think because it's very frequently uncharted territory. For example, we working with the with the big Accounting Association and with the with the Law Association currently that we trying to get them over the line. And because it's obviously with not within their purview of like skill set, they look at it with a little bit of hesitation. So I think a lot of the problem has to do with educating the customer. And that's really the reason that we've, we've opted for a more web2 sort of approach, right? So the web3 or and blockchain NFT, you know, verifiability will come in time. But the way that we have decided to roll out our technology is, yeah, let's do a KYC and KYB in web2, like, there's no absolute, dire need for us to do that within, within the web three space, right? So I think because of some of the regulatory uncertainty, because of, I guess, anxiety around the what this web3 concept can do, I think that's a big challenge in terms of, in terms of the way that we opt to roll it out. And hence, the reason that we've taken a little bit more of a conservative approach to prove that we can do it in in the web two space. And, you know, as we were talking about previously, it's all about the use case. The technology is just the enabler. So making sure that we can roll it out in in a in a nice, user friendly way. And then start to, you know, do some POCs with clients on, like a soft launch, ring fenced subset of clients to prove to them that everything's all, all above board. So, yeah,

yeah, I think you know what you highlighted about this technical complexity, and then the education efforts that very often go into explaining things to people that they probably don't need to know, as opposed to, you know, realizing that we need to meet people where they are and not where we want them to be. So Ankit, then following on that question, I mean, there must be a lot of challenges inherent in bringing new talent into the decentralized

oops, I think we lost her again. Yeah,

guys, are you able to hear me or No?

Yeah, we are now, but we lost you in the middle of a question. Oops, anything. And I think someone, should invent an AI where, if, let's say I'm speaking in my voice, or some trouble happens, the AI can start talking instead of me, like you should invent that?

Yeah, I think so that's a good idea to kind of do something like that. Yeah,

yeah.

Back Ankit, I know you said you didn't hear half of my question. So I'm going to keep it really short and sweet for developers. What are the challenges bringing talent from web2 into web3?

Don't get me started this. This can take days, but I just try to keep it short. So one of the biggest challenges is, like I said, I think demystifying stuff around web3 and blockchains and gender. I think the popular perception is that blockchains are just script of nothing else. So that is one of the biggest things that we need to educate people around even developers, because they think of it like that, because the whole marketing of the chains, and even everything in web3 has been kind of centered around exchanges and tokens and everything. So that's a big problem that we need to tackle. I think the second thing that you need to tackle is how you, you know, how you attract these people and retain them. So retention of these developers is a big problem again, because they come but like, let's say you, me and the speakers on this call are in web3, because we are getting to make some money from web3, right, in some form or manner. So that is what developers need to so for developers, they need to see a like a structured career path that say, Okay, if I build this project, if I get this grant, can I build a startup? Can I get a job? Obviously, Job is a I mean, there are jobs in web three, but not at the scale of web two, right? So you need to show them that. Okay, this is how a career in web3 can look like. Obviously, a lot of developers who are like late in their career will not, you know, kind of get attracted, attracted by it, but I think the new gen of developers definitely gets attracted by it, and, you know, kind of gets to build. So that is a problem. And then third, a little deeper problem, is when, when you say to people that, okay, developers, you will learn about web3, they think that if they're going to learn about web three, whatever they have learned about web two vanishes which is not which is not correct. So whatever you learn about web3, even technically as a developer, it just adds on to your like web2 skills. So basically, web3 is no different for developers, it's just like an addition of smart contracts. That's it like, it's almost like 80 90% similar. Everything is the same. It functions the same way. But developers, they don't understand it in the first go that, you know, it's not completely different. They think that, Oh, if I do something in web three, I'm gonna get behind in web2, and then my career is finished. So yeah, those are the three like big challenges that we have seen across all the all the countries, all the geographies that we are presenting. And we tackle that with kind of providing them insights. Okay, this is not the situation you are, you know, you are not right, and this is what it actually is. And you know, you can build in web3. Can still have a job in web2, and then complete, kind of continue building in web3. And that's what a lot of people do now.

Thank you, Ankit, and I'm looking forward to getting you to talk about this topic for days on end when we are in DevCon. I have a follow up question, because I think you touched on something incredibly important. I mean, I work in the tokenization space, so I definitely think there's a place for it, but I 100% don't think it's the place for everything that is blockchain. And I loved what you said about this perception blockchain equals crypto, because, I mean, that's pretty much the perception that we deal with, no matter who we speak to, whether it's professional, whether it's personal. That's really the attitude that the world has taken on, the perception, at least, that everyone believes so what do you think is a solution going forward? I mean, so much of the web3 industry, in terms of innovation, centers around, you know, a very specific aspect of tokenization and defi and beyond that, it is difficult to get adoption, it is difficult to get traction, it's even difficult to get funding. So from your perspective, what do you think is going to be, you know, sort of potential solutions for us to decouple the idea of blockchain from the idea of crypto?

Yeah, I think It's a tough one, you know, kind of seeing how the industry is shaping up. But I think the solution is, again, education. I think with now, like, obviously, meme coins are the craze, and that there are, again, like tokens, if you look at it. But I think, you know, in whatever industry you are, whichever things, whichever is, you know, whichever thing dominates the industry or brings a more revenue in the industry kind of controls the narrative, right? So right now a lot of money, a lot of people are getting attracted to wealthy because they make money in tokens, on, on, you know, on a meme coin or a, you know, random shit coin, so that, like most of the people talk about that, but I think as the industry matures, and I've seen that difference from like the last cycle to this cycle, that a lot more people, a lot more foundations, a lot more blockchains have started investing a lot of money around education and awareness. And when, you know, when the education and awareness becomes more accessible, more general, I think the perception of blockchain being just tokens will reduce a lot. So, yeah, I think that's, I mean, there is no, like, nobody can come today and say, like, this is how we'll solve the problem. But I think, in general, it's, it's about education, and how we education and awareness, and how we, kind of, you know, share our stories of the company, or, like, whatever we are doing, you know, across the world. Once I answers the question perfectly, but that's

no, no, no, I think absolutely. I think you know, especially what you said about really just sharing our own journeys. I think so much of being in a pioneering emerging tech space is about building in public, sharing your journey. I mean, and I think in web3, for all of its problems and issues, there's a collaborative spirit that I mean, it doesn't exist in other industries, at least that I've been in, I think, because everything is so new and so confusing. You know, just this call that we are all on right now is a good example, people coming together, sharing, learning, sharing experiences. Think for me, that's a lot of what the education aspect is about. Because I might not necessarily sit down with, you know, a blog post and read and you know what is an NFT, but it, but it's a very different experience to hear someone talking about it, how they're building it, because I might get a different understanding than the one that I would only get. You know, if I'm reading this in the industry, what are some of the challenges that you think is making it difficult to move from web2 to web3. And then also, would love your thoughts on tokenization, and is there, is there an industry beyond tokenization where there's more to this check than just trying to make 100x tomorrow?

We again lost you in between the question, you might need to repeat the question again, probably,

oh my goodness, guys, can you hear me now? I hope so. Yeah, perfect. Alexander, if you can hear me, we'd love to also hear from you. What are the challenges moving from web2 to web3 and also your thoughts on tokenization? Is there a future for this industry beyond just tokenization?

I think the main challenge is that people can throw information securely about x phase or like their passwords, because I still have some my relatives and my friends that trying to enjoy this industry, and for them, it's real difficult to understand that they shouldn't keep their seed phrase on their laptop, so even in the notes on their iPhones and why it's Important. For example, my brother used to be robbed like I think due to this issue for 3k not long ago. I think this the security stuff, and the different that their authenticity is like buying it with their wallet. It's about web2, two or three. And if thing about tokenization, potentially for we tokenize real world assets. And here I'm mostly think about some financial things first, maybe the stuff about carbon credits that can be easy to try. It and can be useful already here. And where I am in individuals, we have some pilots about that stuff, and I see maybe the most easiest and not actually like the most common people. Think about real estate. I think it's one of the other stuff to be tokenized. Even I think some bones or some debt instruments much easier for that and much more like fitting better with the financial issue, or not the financial issue, but financial sense of crypto itself.

Yeah. I mean, I think it's when you're in a industry that decentralizes Finance, you're always going to see the majority of the innovation probably come in through a financial instrument, and then kind of ripple down to the to the other use cases. We have about 20 minutes left, so I want to make sure I make some time for this section. Really want to talk about developing talent for the web three industry. We are all here. I think, as Ankit said, we are all here because we're making a career out of this. But there are a lot of people who would like to enter. And then, as we said, you know, there's just so much stuff to understand. There's so much, so many things to be scared of. I think, as Alexander said now about security. I mean, security is one of those things. There's just no good solution to staying safe in web3, and that's a reality right now, unfortunately. So when we talk about developing talent, you know, either visual developing their talent because they want to get into web3, or people who are already in web three and developing their talent to, you know, expand their role. What do you guys think are the most important skills that one needs in this industry? Stacey, let's start with you.

Sure, in terms of skills. It's probably more around an attitude than a skill, as mentioned by one of the speakers a little bit earlier, you can learn to do web2 Dev, like you can learn to do web3 Dev. So from a technical component, I think that it's more around just getting over that, like fear factor and just, you know, allowing your allowing your brain to unlearn the models of the world and the truths of the world that we think are True, and just try something new. I think that the idea of like, some element of game theory is very important to be able to make like, a really good, successful career out of out of the web3 space, and I guess attached to the notion of game theory is community, as you mentioned before, there's no one that has got community right, like web3. And I believe that it's going to be the web three space that basically opens people's eyes to the idea of what it means to belong to a community, because I really do believe that the way that we're currently structured within the web2 space, right? We go onto platforms and we say, Oh, great, my community, it's not a community that's an audience like that's a follower, that's not a member of your community. There's nothing reciprocal about like, the people that are, you know, following you there, that's that, that's audience. So I think the ability to be able to have empathy, in terms of being able to communicate with people and understand the real needs that are emanating from your community, whether it's defi, whether it's web three, whether it's NFTs, you know, I think that that is a that's a huge skill set in a in a space that we've really never seen before, and maybe off the back end of that as well is, is an element like from a sorry, I've moved like technical, non technical, and I'm going back to technical. But I think because the UI and the UX perspective is, is something that, if people have a have an ability to demystify and simplify, that would be an exquisite skill set to be able to contribute as well.

Yeah, thank you so much for highlighting that, because I think something that I've come across very often in the space is people have this idea that it's a incredibly technical space. Now, of course it is, but it doesn't mean that every single role in this industry is a technical role. And I think the example you just highlighted like the UI, UX. I mean, that's a terrible, terrible experience. The reason that most of us in web3 are still using web2 is because it's better than the web.

Have you guys lost? Nadja, yep. Okay, I guess I can just like, add to that a little bit. So, I mean, one of the web3 communities that we're engaging at the moment, right? They're a US based community, and I think there's a delay on that.

Stacey, were you saying something? I'm so sorry. I think this Twitter space is just doomed and cursed.

No, we lost you. So I took I decided to just like, keep waxing lyrical through it.

Well, thank you. Thank you for holding the fort. Yeah, it's astounding how many times today we can just lose each other. Alexander, I was asking you, what are your thoughts on what specific skills are needed to succeed in this industry?

Can I add to this? yeah, Stacy, go for it. I think there's a lot of wires crossing each other. So whoever wants to speak, please go.

Okay, cool. So what I was also just wanting to share with you is an example of, we assume that everyone playing within the web3 space are like super tech, right? So one of the communities that we're actually signing up at the moment is a US based community headquartered in DC. They've got chapters like across San Francisco, New York, like in in Europe, in like one or two cities in Asia, they're actually comprised specifically of non technical individuals. They're legal risk, compliance, audits, learning and development. They are not technical like, if you're going to start to ask them about, you know, the technical dev components of it, they're not going to be able to inform you around that. But these are individuals that have committed themselves to understanding the idea of decentralization of GDPR, 2.0 Nadja, I saw your hand come up, and now I'm distracted, sorry, but that's exactly what it is. I think that if people stopped equating the world of web3 only with developers, then we're in a really different space. So, like, I cannot tell you how excited I am to bring on this web3 community that is specifically non tech. Like there's such a need for us to kind of bring, Break through this wall of everything web3 is just technologists. It's certainly born out of technologists. I think technologists have, like, just a bit of a different brain in the way that they do problem solving, but, but definitely to be able to just bring mainstream people and educate them around a different way, a different paradigm of doing things, a different like rule of law or governing, you know? So that's just one, one thing that I wanted to share on that as well.

Yeah, thank you, Stacey. I think that's a really good point. And also, as Alexander was saying earlier, you know, you have the six year old grandmother who is finding a use case for crypto. You are finding non technical professionals who are finding use cases for the technology and are interested in the technology. So I think this, this global pool of talent is so diverse that we really, as you said, Stacy, we really should shy away from, you know, touting this. Oh, it's a tech faith tech first. And it's really not that complex, depending on what you're here to do so. Ankit, of course, you are the technical voice in the room, but I would love to know, beyond the technical skills, what do you think, generally speaking, are some of these top, top skills that will serve you well coming into this industry, or even if you're already here?

Yeah, I think apart from tech skills, I think the biggest thing is around, you know, building communities, building trust. So anyone who's who has done that before, let's say kind of driving a grassroots movement, or, you know, have had built communities before? I think that is one important skill that people also can learn. And I think it's not a very difficult skill, but I would say it's a very delicate skill. So with community building and also kind of trying to grow these communities, it becomes, like, really, really important to make sure that the ethos of the community is intact and it doesn't get diluted, which happens a lot, especially in red three, because there are, you know, such some misalignments there. But I think if you know, community building and also a little bit of marketing, I think you are good to go in, you know, as a scalable three. But obviously the marketing and community building in web two versus web3 is a little different, so you need to kind of just, you know, get the gist of it. And I think the best thing to do is to kind of enable that is to, you know, just be part of a few 50 communities. Just follow people on crypto Twitter or like web3 Twitter, go join farcaster, see how it works. And, you know, it's pretty simple. I think it's if somebody has, you know, somebody with a little bit of research, a little bit of common sense would be able to decipher all of these things.

Yeah, thank you, Ankit, I think, just to follow on to what basically all of you are saying, you know, it's this universe of technology is so big, and the web3 space itself is so big, and now we have AI on top of it, so there's so much to explore. And I think that the thing that I always tell people is, you'll find the thing that you are interested in, but sometimes it feels like looking in a for a needle in a haystack, because you started, you know, in a direction that was perhaps more difficult, a tech lens, but you're not technical. Yes, it's going to be more difficult to find your thing. But I think if there's something about the technology, or something about the you know, just the ethos of this industry that speaks to you, there's always an in somehow it's just, as I think Alexander said earlier, a lot of it comes down to curiosity. What are you interested in? Follow that curiosity. As Ankit says, join groups. Just keep an ear to the ground and see let's play a little fortune teller. So we'd love to hear from each of you. How do you think that web three, I'm not going to say, is going to shape. Because I think, as we've already spoken about on in this hour, you know, we don't know what's going to happen tomorrow, next week, next year, and certainly not five to 10 years from now, but even so, we'd love to have your maybe it's our hope. What do you think the world is going to. Look like five to Okay, I think you might have lost me again. Let me know if you can hear me.

Can you know? Ah, yes,

Stacey, let's start with you. I'm not sure if you heard my question. In fact, now I don't even remember what my question was, what will it be? What do you think the world is going to look like five to 10 years from now in terms of adoption of web3? Or what role do you think web3 is going to play?

I like, I actually think that web3’s big thing is going to be like, trust in data integrity. I think that's a huge, it's a huge thing that we actually kind of don't pay a lot of attention to. And I guess because, like, I'm within a very particular industry, I know kind of industry examples, but there's tons of other examples. Call it what? Two years ago, I think that LinkedIn removed 22 million fake profiles. There's even now, like, if you go onto a LinkedIn and you put like fake or scam whatever, take a look at how many, how many, like bad or nefarious actors they actually are with the it really the inability to really know if the person that you're talking to is actually, actually a legitimate person. To the extent that there was a there was an unbelievable, unbelievable woman that I was speaking to in the cyber security space, and a cyber security company, a big, top cyber security company, actually landed up hiring a hacker who was from a totally different country that was using, Like, AI voice over, and was actually like, trying to get access to their database, like it was the most insane thing that the cyber security company had fallen victim to, like to the scenario. So the data verification component of things is, is a really, is a really big hope? Is a really big hope of mine, I guess because we've kind of hung a lot of our business success on the notion that people are willing to pay a little bit of money to make sure that the information that they're looking at is legitimate. So yeah, I'm gonna go with that one.

Well, I am certainly vouching for your vision of the future. I hope that 5, 10 years from now, we can look back on this conversation and go, yes, that's exactly what you said was going to happen. And this is what the world looks like. People care about their data. Alexander, I can't hear you. Could you repeat yourself

sorry, and I was just gonna say, and the notion of a gig economy, like people being able to work on things that they're actually interested in, that's an awesome one. Like to be able to hold down, like a bunch of a bunch of jobs or projects that you're really passionate about working on

couldn't agree more, Alexander, quickly with you before, I don't want to not have your thoughts on this, because I think for you in the NFT space, you know that there's so much innovation that is coming, but it's so early that very few people know about it. So what do you think the future is going to look like five to 10 years from now for web3, or at least not maybe for web3, but for the world using web3.

I think it will be interconnected with web2, and there will be no like differentiation. It will be one of tech stack, and will take place in all 80 products. And it will be like normal, like now we have, we are always logging in with our Gmail accounts, and so the signal will be, I think the first case about authentication like, we'll find it, it's you are, maybe not like KYC, but identifying like you are, like some like virtual entity, and you act really, you are not like some AI and some bot on that side. And I'm sure that it will be more incorporated about financial world, of course, in because it will include the speed of transactions, capital flows and. And will create new instruments. And, yeah, I think for me, it will be the main narrative. And we be touched about gamify. Actually, it will be not gamified, but just the game industry. And I think by the time, like I heard from many gamers, they like, get rid of from us with your NFT, you're crazy people. We just want to play our games. And then I think in 510, years, you understand that and all this beauty of ownership and the benefits it can get it from this kind of web3 elements, GameFi games was not failing. Games. General.

Thank you very much. I think you know what you said. Reminded me of the quote. I think it was by Henry Ford that if you ask the public what they want, they would have said faster horses. So I think it's similar in the web3 space, we're making a lot of mistakes. We might we're not making it easy for people to understand what we're doing. We're not making it easy for people to enter the space or to stay in the space. But ultimately, I think what we are building is We're building for not tomorrow, not the next week. You into a future where this is, as Alexander says, this is integrated. There's no web two, there's no web three, it's just technology. I hope you've not lost me again. But in case you have an kid, would love to hear from you, what do you think the future is going to hold?

Yeah, I think the future is again like, exactly going to look what look like, what Alexander said, like there's right now we have differentiation of vector and web3, but I think with the all the abstraction and everything getting more user friendly, I think there will be no there'll be blurred lines between what is web2 and what is web3, and it will be a part of our life in general. And nobody would care. You know about, okay, I'm using web3 or I'm using web2. Doesn't matter. So in next few years is gonna look like that, in my opinion.

Well, then we have a lot to look forward to, but also a lot to work on. So on that note, guys, thank you so much for your patience. I think it's all of our patience has been tremendously tested during this wonderfully supportive technical space tonight. So on that note, thank you for joining in. If you're in the audience and you've been staying for this past hour of constant cut offs, then thank you so much for investing in your own education and your own understanding, please Do follow.

Cheers.