WEBVTT 1 00:00:00.000 --> 00:00:05.120 But I'm excited to set this call actually happened because I was hanging out with Bo a couple weeks ago 2 00:00:05.120 --> 00:00:11.080 And I've been looking at doing some some crypto and Dow stuff, and we just started talking 3 00:00:11.080 --> 00:00:12.500 I think we had an hour-long meeting 4 00:00:12.500 --> 00:00:14.660 I think was an hour long and we ended up chatting for 5 00:00:15.080 --> 00:00:20.080 Two and a half hours three hours, and then we were just scratching the surface and so I was like man 6 00:00:20.080 --> 00:00:23.840 There's so much good stuff here. I would love to share this 7 00:00:23.840 --> 00:00:27.520 I feel like a lot of people would have known and I just thought the way that Bo shared 8 00:00:28.520 --> 00:00:32.920 Kind of it just got me up to speed. I've been watching a lot of YouTube videos. I've been trying a lot of different 9 00:00:33.560 --> 00:00:35.480 You know 10 00:00:35.480 --> 00:00:38.580 Resources out there, but he kind of explained it in kind of a condensed way 11 00:00:38.720 --> 00:00:40.920 That's sort of all kind of clicked and made sense 12 00:00:40.920 --> 00:00:47.060 So I'm hoping you guys if you're joining tonight, and you're kind of new to this space this call is definitely gonna be for you, so 13 00:00:47.920 --> 00:00:49.920 Awesome glad you guys can jump on here 14 00:00:49.920 --> 00:00:55.840 Yeah, thanks, thanks Bruce. Yeah, we so I mean as Bruce mentioned. It's really just started out as a conversation 15 00:00:56.680 --> 00:01:02.400 about web 3 and everything that it is currently and everything that we think it's going to become and 16 00:01:02.960 --> 00:01:06.640 We just thought we would continue the conversation and invite more people 17 00:01:07.280 --> 00:01:10.520 Into the room so glad to see you guys 18 00:01:12.000 --> 00:01:17.400 Yeah, that's awesome, and so and you also mentioned in I think 19 00:01:17.400 --> 00:01:19.760 We had said in one of the videos that it was 20 00:01:20.280 --> 00:01:25.080 Over a trillion dollars right in the in the market right now. That's kind of shifted, right? 21 00:01:25.760 --> 00:01:27.760 Yeah, so well it's interesting 22 00:01:28.080 --> 00:01:33.920 We recorded the video for the ad and then it dipped below a trillion and now it's back up over a trillion there 23 00:01:33.920 --> 00:01:35.920 Yeah, so we don't have to change 24 00:01:36.480 --> 00:01:38.480 It's just kind of fluctuating right there 25 00:01:39.000 --> 00:01:43.400 At the moment, but also I mean I think that's just one interesting data point 26 00:01:43.440 --> 00:01:48.040 But it's it's a massive ecosystem that's growing rapidly so awesome 27 00:01:49.000 --> 00:01:55.160 Very cool. Okay. Well, I'm gonna a couple things tonight like we're just gonna chat for a little bit 28 00:01:55.160 --> 00:01:57.160 We're probably keep this to around 60 minutes 29 00:01:57.720 --> 00:02:02.680 And so we're gonna dive into some some content Brett and Bo gonna just share 30 00:02:03.960 --> 00:02:06.520 Some things we'll take maybe some questions at the end 31 00:02:07.080 --> 00:02:12.160 And then we'll wrap up and we'll wrap up and we'll wrap up and we'll wrap up and we'll wrap up and we'll wrap up 32 00:02:12.200 --> 00:02:14.200 and we'll do some questions at the end and 33 00:02:14.600 --> 00:02:20.120 We've got a couple things we do at the end. So stick around to for that. So I'll turn it over to you to Brett 34 00:02:22.280 --> 00:02:27.120 All right, you ready to go ahead and dive in or do you want to do you want to do quick and yeah 35 00:02:27.120 --> 00:02:29.120 Let's just do some intros and 36 00:02:29.280 --> 00:02:31.280 sure, I'll 37 00:02:31.320 --> 00:02:33.680 Oh, you want to kick it off? Yeah. Sure. Sure. So um 38 00:02:34.520 --> 00:02:36.520 Hey guys, I'm Bo Garrett 39 00:02:37.680 --> 00:02:39.680 quick 40 00:02:39.680 --> 00:02:41.680 Bio 41 00:02:41.680 --> 00:02:43.680 I'm a web 3 42 00:02:44.080 --> 00:02:45.080 enthusiast 43 00:02:45.080 --> 00:02:50.520 Web 3 investor web 3 builder before that I did quite a bit in management consulting 44 00:02:51.080 --> 00:02:56.760 during that time learned a great deal about networks and systems implementations and sort of took that knowledge and 45 00:02:57.240 --> 00:03:03.080 Started looking at the web 3 world through that lens and found some really unique and interesting opportunities 46 00:03:03.680 --> 00:03:08.040 and started pursuing those probably 24 months ago or so and 47 00:03:08.840 --> 00:03:15.800 Just continuing to grow in this space learn about it. It's massive. There's something new to learn every day. But yeah, I love I love 48 00:03:16.320 --> 00:03:19.160 Where it's at and where it's going. So that's a little bit about me 49 00:03:21.440 --> 00:03:23.440 Awesome and then I 50 00:03:24.040 --> 00:03:26.040 got my start in business and 51 00:03:26.920 --> 00:03:28.920 hospitality food and beverage 52 00:03:28.920 --> 00:03:35.320 Started especially coffee roasting company as well as a cold-pressed juice company in 2014 operated those companies 53 00:03:35.880 --> 00:03:41.600 Started buying real estate in 2017 and still do that today and kind of fell into 54 00:03:42.640 --> 00:03:44.640 crypto web 3 in late 55 00:03:44.920 --> 00:03:51.320 2020 I had dabbled in it in 17 and 18, but really began to understand what it was 56 00:03:51.760 --> 00:03:53.760 What was possible and then? 57 00:03:54.440 --> 00:03:58.800 Specifically with airdrops, which we're gonna get into in a second kind of fun. I 58 00:03:59.720 --> 00:04:04.440 Happened on an airdrop by accident and really wasn't even sure what I was doing 59 00:04:04.440 --> 00:04:09.080 And then when this web 3 company airdropped me ownership in their company 60 00:04:09.080 --> 00:04:14.920 I was I remember running into the kitchen and telling my wife like you're not gonna believe this this company just gave me 61 00:04:15.080 --> 00:04:17.680 Ownership and look how much it's worth. This is crazy 62 00:04:17.720 --> 00:04:24.440 And that led me on a long and fun journey of discovering that that's very common in web 3 63 00:04:24.440 --> 00:04:26.840 so excited to dive into that and 64 00:04:27.720 --> 00:04:32.520 Yeah, I wasn't on the call with Bruce and Bo and their first call that would have been really fun 65 00:04:33.400 --> 00:04:35.360 to be on but 66 00:04:35.360 --> 00:04:36.520 Yeah 67 00:04:36.520 --> 00:04:41.120 Thanks, Brett, and I'll just mention to you guys just so you know, maybe put the pieces together 68 00:04:42.240 --> 00:04:44.560 Brett and I have known each other for a while and 69 00:04:45.480 --> 00:04:51.160 We had sort of parallel web 3 journeys and just started talking about it 70 00:04:51.160 --> 00:04:54.920 And we realized how much each one of us had sort of you know 71 00:04:54.920 --> 00:04:59.440 Dived into the space and we just started having weekly lunch 72 00:05:00.000 --> 00:05:18.000 And out of that weekly lunch that conversation kept going and really we started to get the tremendous amount of requests from within our networks on how to navigate this whole space how to, you know, use the software, how to buy coins, how to get 73 00:05:18.000 --> 00:05:32.000 acquisition for airdrops, you know, all types of things that people are interested to learn about and that's happening and so once again I think really we're viewing this as a continuance of those conversations and we just want to make other 74 00:05:32.000 --> 00:05:47.000 people privy to it and give them an opportunity to learn from the experiences that we've already had. So, let me just say real quick before we jump into to the content that Brett's going to share with us tonight. 75 00:05:47.000 --> 00:05:53.000 I want everybody to have this concept in their mind as we go through the training. 76 00:05:53.000 --> 00:06:04.000 So web one was essentially a dial up modem, and you get online and you look at billboards, basically, it's just information on a screen that you're reading. 77 00:06:04.000 --> 00:06:09.000 And it's very interesting but you can't really interact with it there's not much you can do outside of sending email. 78 00:06:09.000 --> 00:06:25.000 Then web two came along and that was the proliferation of social media and the ability to to read the information, but also right back to the internet, which is basically writing back to server sharing the data, and the entire web to ecosystem as we all 79 00:06:26.000 --> 00:06:35.000 know was built around the data that we shared with companies in order to for them to monetize it and to show us products and services that we might like. 80 00:06:35.000 --> 00:06:55.000 So web two is is relies heavily on the ability to extract data from users and use that for their, their own purposes and web three. So web one was read only web two was read and write and web three is read, write, but own. 81 00:06:55.000 --> 00:07:12.000 So in web three you have the ability to own all of your information, all of your data, all of your privacy and interact with the web three ecosystem in us in an anonymous way, but in a secure way, and what Brett's probably going to go into a little 82 00:07:13.000 --> 00:07:29.000 where in web two you have to have user credentials to interact, just about any service out there and the web to ecosystem in web three you don't, you have basically a wallet address that is your identity that is anonymous, that allows you to interact with these different 83 00:07:29.000 --> 00:07:49.000 organizations these different services. So web three, I think, existentially, is the ability to control your own data, and there that has some profound implications for how we as users interact with each other, it basically removes the need for a middleman to validate 84 00:07:49.000 --> 00:08:01.000 your identity, because you are the owner of that information and the owner of the security around that information. So that's the context that I'll say, you know, getting us up to speed to dive into this. 85 00:08:02.000 --> 00:08:21.000 One other thing I mentioned, if you saw the ad, I mentioned in the ad that web three companies will pay you to use their software, and we're actually going to go into that in a little bit of detail tonight and talk about what that actually means and and how to how to start 86 00:08:21.000 --> 00:08:38.000 researching and how to start considering ways you can get involved. And we're going to share why companies are doing that and why they're incentivized to do that. So I think that's that's the context and maybe maybe with that in place. And Bruce, do you have anything else before we jump in? 87 00:08:39.000 --> 00:08:52.000 Yeah, I think that's great. I think just a couple of housekeeping rules, like guys, we're going to keep the chat open. We can all see it, Brett, Bo can see it, I'll keep it kind of moderate that. If you have questions, comments, feedback, this is very much a discussion. 88 00:08:52.000 --> 00:09:18.000 This is chat. We're not just broadcasting one way to you guys. So so drops, you know, anything that you're that there's we're sharing or questions or something, we'll just drop those in the chat. And yeah, I think I think, really, the the context and the goal for this is, I'm going to be taking notes and learning this on my own, as well as you guys are teaching it. And I think from everything that we've heard, there's just these, there's just a so many tremendous opportunities in web three. 89 00:09:19.000 --> 00:09:43.000 And you guys have literally invested thousands of hours into learning a lot of this stuff. And so just kind of hanging out with you guys and learning some of that has been super helpful for me. And I'm just every time I kind of dive deeper into I'm just seeing more and more opportunity. And so I'm excited to kind of learn kind of what you guys have to share and and see what I can do to best position myself to take advantage of that. 90 00:09:44.000 --> 00:09:48.000 Awesome. And I know we want to get a quick disclosure out before we go too deep. 91 00:09:48.000 --> 00:09:57.000 Oh, yes. Let me let me read that very quickly. So, so you guys are aware, this is not financial advice. 92 00:09:58.000 --> 00:10:00.000 This workshop is strictly educational. 93 00:10:00.000 --> 00:10:06.000 And it's not investment advice or solicitation to buy or sell any assets or to make any financial decisions. 94 00:10:07.000 --> 00:10:14.000 This workshop is not tax advice. You should talk to your accountants, do your own research with anything that we're about to share. 95 00:10:15.000 --> 00:10:24.000 I think one thing that we're really striving to do here is to focus on this as an educational platform and opportunity and not something that 96 00:10:25.000 --> 00:10:40.000 we're trying to sell any tokens or any NFTs or anything like that. We're just sharing with you guys what we have discovered during our journey and trying to help benefit others with that knowledge. 97 00:10:40.000 --> 00:10:56.000 Yeah, Beau, you and I were talking about this today. The really cool thing about airdrops as the Web3 ecosystem, it really is an ecosystem, is multifaceted. 98 00:10:57.000 --> 00:11:09.000 And a lot of the press around it or the noise around it, even the education around it, revolves around price action and trading assets. 99 00:11:10.000 --> 00:11:22.000 And this is not that. The really cool thing about airdrops is both getting in position for them and taking advantage of them or really positioning yourself for the opportunity 100 00:11:23.000 --> 00:11:30.000 doesn't put you at the exposure of what a day trader or someone like that would, the risk that they would be exposed to. 101 00:11:31.000 --> 00:11:39.000 This is really the low hanging fruit of Web3. And it's my favorite part as well, because in a lot of ways, it's kind of like treasure hunting. 102 00:11:40.000 --> 00:11:52.000 And yes, as you'll see, once we get into the slide deck in a second, it does require some initial kind of priming with assets. 103 00:11:53.000 --> 00:12:01.000 But all of those assets are your assets and you're not risking them, giving them to somebody else to invest for you. 104 00:12:01.000 --> 00:12:05.000 Because this is Web3, you're maintaining custody of your assets the whole time. 105 00:12:06.000 --> 00:12:14.000 And so this is not a lot of, actually, this is one of the least represented parts of Web3. 106 00:12:14.000 --> 00:12:22.000 And so we love teaching about this because it is different than anything else you've heard about most likely in Web3. 107 00:12:24.000 --> 00:12:27.000 So you guys ready to jump into the slide deck? 108 00:12:27.000 --> 00:12:34.000 Let's do it. Yeah. And I know you were going to start with kind of telling us what's even possible. 109 00:12:34.000 --> 00:12:40.000 Maybe just a quick summary before we dive too deep. I don't want to run ahead if you've got it in the slides. 110 00:12:41.000 --> 00:12:43.000 Well, you mean example-wise? 111 00:12:43.000 --> 00:12:48.000 Yeah, just I think someone would be able to see what's the difference. Yeah. Awesome. 112 00:12:48.000 --> 00:12:55.000 Absolutely. I'll talk about it while I'm getting this pulled up. So while I'm getting my screen shared, that is. 113 00:12:56.000 --> 00:13:02.000 Yeah, so I did mention earlier that I just really happened upon Web3. 114 00:13:04.000 --> 00:13:11.000 I had joined a DAO, which we're not going to get into DAOs tonight. 115 00:13:11.000 --> 00:13:20.000 But I had joined a DAO really just to educate myself on what crypto, what Web3 is beyond just, you know, 116 00:13:20.000 --> 00:13:30.000 I can log into Coinbase and buy one asset and then I can sell it later if the price goes up or I can, you know, sell it if the price goes down. 117 00:13:30.000 --> 00:13:36.000 Or I wanted I knew that there was more to it. And so I really committed myself to educating. 118 00:13:36.000 --> 00:13:48.000 And so part of the education process for me was joining a an online crypto community that was really seeking to build better softwares, 119 00:13:48.000 --> 00:13:51.000 essentially, at the end of the day and products and services for people. 120 00:13:51.000 --> 00:13:58.000 And so I had been involved in this community for about five months. 121 00:13:58.000 --> 00:14:06.000 And then I remember I woke up one morning and at that point I was committing myself to about 30 to 35, 122 00:14:06.000 --> 00:14:13.000 40 hours a week on top of my real estate investing, you know, much to my wife's chagrin in the middle of the night. 123 00:14:13.000 --> 00:14:21.000 Most of the time to education. I remember I woke up one morning and I had a notification that I had received an airdrop. 124 00:14:21.000 --> 00:14:31.000 And so I had spent most of my time really up until then researching liquidity pools and, you know, 125 00:14:32.000 --> 00:14:38.000 began to research kind of like the NFT side of Web3. 126 00:14:38.000 --> 00:14:43.000 And so the word airdrop was very unfamiliar to me. 127 00:14:43.000 --> 00:14:50.000 And and so I kind of I kind of clicked around a few buttons and boom, claim. 128 00:14:50.000 --> 00:14:53.000 There's this claim button. So I hit claim. 129 00:14:53.000 --> 00:14:58.000 And then all of a sudden, the balance in my digital wallet was substantially higher. 130 00:14:58.000 --> 00:15:00.000 And I. 131 00:15:00.000 --> 00:15:02.900 First, I thought it was an error. So I log, you know, I kind 132 00:15:02.900 --> 00:15:06.100 of check a few things out. And it turns out, it was true, the 133 00:15:06.100 --> 00:15:10.020 company had, it was my first airdrop experience, the company 134 00:15:10.020 --> 00:15:14.160 had retroactively rewarded its users with ownership in the 135 00:15:14.160 --> 00:15:19.980 company. And it had a dollar value on it, I could have, at 136 00:15:19.980 --> 00:15:25.560 that time, exchange those tokens for back into a US dollar 137 00:15:25.560 --> 00:15:31.360 position and taken profits. And I chose to keep them. I chose to 138 00:15:31.360 --> 00:15:35.880 keep those tokens and to reinvest them. Actually, I held 139 00:15:35.880 --> 00:15:38.720 on to them and ended up buying more when I when I kind of 140 00:15:38.720 --> 00:15:43.400 realized, oh, this is actual ownership in this company. So 141 00:15:43.400 --> 00:15:48.480 okay, I'm gonna Can you guys see the screen now? Awesome. Bruce? 142 00:15:49.240 --> 00:15:50.360 Yeah, we're good. Let's go. 143 00:15:50.920 --> 00:15:53.840 Cool. So I'll kind of fast forward. We, we already talked 144 00:15:53.840 --> 00:16:02.800 about some of these. And so, so I do want to share about, I do 145 00:16:02.800 --> 00:16:06.480 want to share my screen, maybe a few slides from now and kind of 146 00:16:06.480 --> 00:16:09.680 show you guys what the dashboard looks like when you are claiming 147 00:16:09.680 --> 00:16:13.720 an airdrop. So I think I'll do that at this stage. I believe 148 00:16:13.720 --> 00:16:16.560 it's a few slides from now. And then I'll kind of walk you guys 149 00:16:16.560 --> 00:16:18.840 through that's actually going to the one I'll share Bruce is 150 00:16:18.840 --> 00:16:23.800 going to be my most recent airdrop. So, but the I think a 151 00:16:23.800 --> 00:16:29.840 question that a lot of people ask Beau and I is why do 152 00:16:29.840 --> 00:16:33.440 companies do this? Why do they, you know, my, I spent a lot of 153 00:16:33.440 --> 00:16:37.960 money at other coffee companies or clothing brands or shoot 154 00:16:37.960 --> 00:16:40.520 Apple, I've spent so much money at Apple, why aren't those 155 00:16:40.520 --> 00:16:45.320 companies rewarding me? And these companies are giving me 156 00:16:45.320 --> 00:16:49.040 ownership just for participating in their software. 157 00:16:49.040 --> 00:16:52.840 And sometimes that's spending money. We're investing in their 158 00:16:52.880 --> 00:16:56.880 in, in some of their opportunities, again, in low 159 00:16:56.880 --> 00:17:00.000 risk ways. And sometimes it's just interacting with other 160 00:17:00.000 --> 00:17:03.880 community members. And all that is easily tracked on web three 161 00:17:03.880 --> 00:17:08.359 because of the blockchain nature of web three. And the short 162 00:17:08.359 --> 00:17:12.960 answer is, it's a very complex question. It's not cut and dry 163 00:17:12.960 --> 00:17:14.960 because not all web three companies do it. But the short 164 00:17:14.960 --> 00:17:19.960 answer is ethos. And Beau kind of mentioned Beau's incredibly 165 00:17:19.960 --> 00:17:22.319 knowledgeable on the infrastructure side of web three, 166 00:17:22.640 --> 00:17:27.720 and the actual blockchain hardware and software layer of 167 00:17:27.720 --> 00:17:31.840 the that holds up this new kind of version of the internet. But 168 00:17:32.160 --> 00:17:37.400 this, the blockchain itself was built by brilliant developers 169 00:17:37.400 --> 00:17:40.640 all across the world software engineers who shared a common 170 00:17:40.640 --> 00:17:46.880 ethos. And their ethos was that users and customers have 171 00:17:46.880 --> 00:17:50.080 companies which are really responsible for the success of 172 00:17:50.080 --> 00:17:56.280 businesses. We're not being maybe we're not being valued in 173 00:17:56.320 --> 00:17:59.640 in, you know, one of the you can argue about pros and cons of 174 00:17:59.640 --> 00:18:03.240 capitalism, one of the these developers said, you know, we 175 00:18:03.240 --> 00:18:08.240 want to we want to even go further and rewarding the users 176 00:18:08.240 --> 00:18:12.520 of our of our software and the community of those users. And so 177 00:18:12.520 --> 00:18:17.560 this ethos was created at the same time that the largest 178 00:18:17.560 --> 00:18:21.080 composable blockchain Ethereum was created. It's just an ethos 179 00:18:21.080 --> 00:18:24.680 that's really ingrained in the builders of the community. The 180 00:18:24.680 --> 00:18:29.360 builders of these companies, they believe that it begets 181 00:18:29.360 --> 00:18:36.680 loyalty, and even a greater adoption and yet and involvement 182 00:18:36.680 --> 00:18:41.320 in these products and and communities. And so so yeah, 183 00:18:41.320 --> 00:18:46.120 it's it's a value that that web three companies have. And again, 184 00:18:46.120 --> 00:18:49.720 not all web three companies have this value. There's there are 185 00:18:49.720 --> 00:18:53.320 small segments that do take VC funding when they're getting 186 00:18:53.320 --> 00:18:58.600 started, and they end up going public, like we saw with 187 00:18:58.960 --> 00:19:02.360 companies like Coinbase, or, you know, they end up going a 188 00:19:02.360 --> 00:19:05.640 different route, like OpenSea, the big NFT protocol, but the 189 00:19:05.640 --> 00:19:10.240 vast majority of web three companies share this ethos. And 190 00:19:10.360 --> 00:19:13.200 it's really, it's really special. It's unlike any other 191 00:19:13.200 --> 00:19:17.240 industry I've ever seen in that regard. And so I just wanted to 192 00:19:17.240 --> 00:19:25.840 highlight a few ways that that you as or us as kind of 193 00:19:26.240 --> 00:19:33.160 consumers and opportunists and, you know, we we can, we can be 194 00:19:33.160 --> 00:19:35.960 active, and we can be loyal in different ways to these 195 00:19:35.960 --> 00:19:38.200 companies. And so I just want to highlight a few of those. The 196 00:19:38.200 --> 00:19:43.400 first one is early adoption. The the early adopters and in these 197 00:19:43.400 --> 00:19:46.960 web three software companies, the early users get rewarded the 198 00:19:46.960 --> 00:19:51.720 most. And so, you know, a lot of the a lot of what Bo and I do is 199 00:19:51.720 --> 00:19:56.680 spend time researching. Because there are, Bo, I don't know the 200 00:19:56.680 --> 00:19:59.960 rate of new companies that are launching, choose software 201 00:20:00.000 --> 00:20:03.320 companies that are choosing to launch on the blockchain instead of on web two, 202 00:20:03.320 --> 00:20:05.400 but it's the, the rate is, 203 00:20:05.400 --> 00:20:08.120 it feels like it's just continually increasing. 204 00:20:08.400 --> 00:20:09.800 Yeah. I have a, 205 00:20:09.840 --> 00:20:13.440 there's a quick data point on that that may help to infer it. 206 00:20:14.560 --> 00:20:19.320 But in 2021 the number of transactions across the 207 00:20:19.320 --> 00:20:20.360 Ethereum network, 208 00:20:20.360 --> 00:20:25.080 which is just one blockchain network or four and a half times that of 209 00:20:25.080 --> 00:20:25.920 Visa. 210 00:20:26.440 --> 00:20:30.960 So there were four and a half times more transactions on Ethereum than there 211 00:20:30.960 --> 00:20:33.720 were on the entire Visa network, which, 212 00:20:33.760 --> 00:20:37.360 which can give you some clue as to how many, you know, 213 00:20:37.360 --> 00:20:41.520 applications are being built with blockchain technology. 214 00:20:43.360 --> 00:20:47.080 Yeah, that's amazing. And it's only it's only increasing. 215 00:20:48.120 --> 00:20:52.880 So early adoption is one way to be active and loyal in these web three 216 00:20:52.880 --> 00:20:56.400 companies. And, and this is, this is in the context of already, 217 00:20:56.640 --> 00:21:01.360 we've already this is strategy actually. So it's, 218 00:21:01.440 --> 00:21:04.840 it's you know, there's there, 219 00:21:05.280 --> 00:21:10.040 this will be something that is kind of a 220 00:21:10.040 --> 00:21:12.440 wrapper for everything that we continue to unpack. 221 00:21:13.040 --> 00:21:17.960 But this is already getting into strategy, early adoption sharing the company 222 00:21:17.960 --> 00:21:19.920 with friends and families there. Again, 223 00:21:20.120 --> 00:21:24.200 this is a public digital ledger and everything. 224 00:21:24.200 --> 00:21:28.120 When these companies choose to airdrop to their user base, 225 00:21:28.160 --> 00:21:31.520 they're running code to see which users were, 226 00:21:31.560 --> 00:21:35.800 were doing the activity that they've, that they deem loyal and 227 00:21:37.040 --> 00:21:42.200 and worth giving ownership to. So they can track when they 228 00:21:42.200 --> 00:21:45.560 have, when they have, because you're logging in with, you know, 229 00:21:45.560 --> 00:21:48.080 your single sign on with your MetaMask wallet, 230 00:21:48.280 --> 00:21:52.000 they can track when you're sharing their, 231 00:21:52.120 --> 00:21:56.440 their URLs, their share links, their Discord servers, 232 00:21:56.800 --> 00:22:00.920 and they, they run all of that and factor that into the airdrop 233 00:22:02.960 --> 00:22:06.120 as well as just kind of general activity in their, 234 00:22:06.240 --> 00:22:10.080 in their community as well, commenting you know, 235 00:22:11.320 --> 00:22:14.520 engaging with other users and with the company as well, 236 00:22:14.520 --> 00:22:17.520 and then actions on the software. And that's what we're going to get into. 237 00:22:18.560 --> 00:22:22.640 Kind of more specifically here in a second, but every company, 238 00:22:22.680 --> 00:22:27.080 these are businesses and each one have has a different product or service. 239 00:22:27.360 --> 00:22:30.040 So there's different ways that you can engage, 240 00:22:30.120 --> 00:22:34.920 but actions and the number of actions is important to consider when 241 00:22:34.920 --> 00:22:38.200 trying to get in position for an airdrop. So let's keep, 242 00:22:38.880 --> 00:22:43.760 keep the ball rolling on this one. So I'll just kind of zoom through this one. 243 00:22:43.960 --> 00:22:48.640 Our main goal for tonight to share with you guys is how to get in position 244 00:22:48.880 --> 00:22:53.480 for your first airdrop and kind of give you an overview of how the whole 245 00:22:53.480 --> 00:22:57.280 system works and run through in detail, 246 00:22:57.280 --> 00:22:58.960 but kind of at a high level of, Hey, 247 00:22:58.960 --> 00:23:00.800 these are the steps you should be prepared to take. 248 00:23:00.800 --> 00:23:05.080 If you want to get in position for an airdrop, 249 00:23:05.120 --> 00:23:07.360 your first airdrop or multiple airdrops, you know, 250 00:23:07.360 --> 00:23:09.800 long-term goal is once you realize, 251 00:23:10.400 --> 00:23:14.320 once you learn how to do this and you realize the amount of time that it takes 252 00:23:14.520 --> 00:23:18.480 to get in position for these compared with the upside, 253 00:23:19.160 --> 00:23:20.800 most people want 254 00:23:24.240 --> 00:23:26.320 because the upside is really great. 255 00:23:26.320 --> 00:23:29.880 And we're going to talk about that as well here a bit. So the five, 256 00:23:29.920 --> 00:23:32.120 the six steps that we can outlined on, Hey, 257 00:23:32.960 --> 00:23:37.480 these are the six steps to get in position to receive an airdrop 258 00:23:38.320 --> 00:23:41.200 are set up. So you obviously have to set up your, 259 00:23:41.640 --> 00:23:45.920 the apps and the specific exchange accounts. 260 00:23:46.800 --> 00:23:50.680 So that, that was probably the most time consuming part of, 261 00:23:51.680 --> 00:23:53.600 of getting prepared because some of these, 262 00:23:53.800 --> 00:23:58.360 some of these apps are us-based like essentially crypto banks and they 263 00:23:58.360 --> 00:24:03.520 will KYC you, they will verify your identity on the, 264 00:24:03.600 --> 00:24:05.000 on the front end. So 265 00:24:05.600 --> 00:24:10.280 for instance, Gemini or Metamask, two of the exchange accounts, you, 266 00:24:10.280 --> 00:24:15.080 you, you have to be a U S you know, citizen and identify, 267 00:24:15.320 --> 00:24:17.440 identify yourself for, for some of it. 268 00:24:17.440 --> 00:24:20.960 So there be prepared for a little bit more time consuming on the, 269 00:24:21.000 --> 00:24:24.000 on the setup and then securing your private keys. 270 00:24:24.000 --> 00:24:28.080 We're going to go through that and explain the importance of doing that and 271 00:24:28.080 --> 00:24:33.320 what private keys are. Number three, fund your, your wallet, 272 00:24:33.320 --> 00:24:38.000 your Metamask wallet and walk through how to do that as well as depositing. 273 00:24:39.520 --> 00:24:44.120 And this can be, this can really be, this is totally up to you. And, 274 00:24:44.360 --> 00:24:47.880 and I have testimonies of myself and other people in our community who have 275 00:24:48.240 --> 00:24:50.520 deposited very, 276 00:24:50.520 --> 00:24:55.520 very little funds and, and exceeved excessive rewards and 277 00:24:55.520 --> 00:24:58.120 airdrop. And then sometimes you, you know, 278 00:24:58.120 --> 00:24:59.920 you deposit more and you still receive. 279 00:25:00.000 --> 00:25:03.120 but airdrops, but that is totally at your discretion, 280 00:25:03.120 --> 00:25:05.920 how much you feel comfortable depositing 281 00:25:05.920 --> 00:25:08.160 into these software companies. 282 00:25:08.160 --> 00:25:11.280 And obviously the action will, 283 00:25:11.280 --> 00:25:13.200 and we're not going to get to in detail, 284 00:25:13.200 --> 00:25:15.800 but comfortability and, you know, 285 00:25:15.800 --> 00:25:18.520 kind of analyzing the action that's required 286 00:25:18.520 --> 00:25:21.000 is something that you can do on a very personal level. 287 00:25:21.000 --> 00:25:24.960 And we can, in the future, we'll, you know, 288 00:25:24.960 --> 00:25:28.320 there'll be a community where we can all talk about this 289 00:25:28.960 --> 00:25:30.040 and hash it out together. 290 00:25:30.040 --> 00:25:35.040 But number five is wait, which is my favorite part, 291 00:25:35.960 --> 00:25:37.960 because it's always a very fun day 292 00:25:37.960 --> 00:25:41.040 when you open your computer and you're in a meeting 293 00:25:41.040 --> 00:25:43.880 or you're at a coffee shop or you're working 294 00:25:43.880 --> 00:25:46.240 and you have an airdrop. 295 00:25:46.240 --> 00:25:50.200 And then that would trigger you to claim your airdrop. 296 00:25:50.200 --> 00:25:55.200 And so I'll wait and show my most recent airdrop screen 297 00:25:57.000 --> 00:25:57.920 once we get to claim. 298 00:25:58.520 --> 00:26:02.440 So before I jump into setup, do you guys, 299 00:26:02.440 --> 00:26:04.640 do we want to see if there's any questions 300 00:26:04.640 --> 00:26:06.400 or just keep blazing forward? 301 00:26:06.400 --> 00:26:07.480 Yeah, I think that's good. 302 00:26:07.480 --> 00:26:10.400 I think we've got a couple of questions coming in. 303 00:26:10.400 --> 00:26:11.440 I don't know if you, Roberto, 304 00:26:11.440 --> 00:26:14.200 want to take that question from Kayla, 305 00:26:14.200 --> 00:26:17.040 just around difference between types of tokens and NFTs. 306 00:26:17.040 --> 00:26:18.840 I know that's kind of a different topic. 307 00:26:18.840 --> 00:26:20.440 So let me let you keep going. 308 00:26:20.440 --> 00:26:24.400 We'll circle back on questions in a minute at the end. 309 00:26:24.400 --> 00:26:25.240 Yeah, cool. 310 00:26:25.240 --> 00:26:27.280 So I can cover token types 311 00:26:27.280 --> 00:26:29.280 when I get to that claim screen as well. 312 00:26:30.400 --> 00:26:34.320 And then Coinbase, is Coinbase financially sound? 313 00:26:34.320 --> 00:26:36.160 Coinbase is FDIC insured. 314 00:26:36.160 --> 00:26:41.160 So for all intensive purposes, Coinbase is a bank. 315 00:26:43.000 --> 00:26:48.000 I can't speak to bearable bull and any insolvency issues. 316 00:26:48.960 --> 00:26:51.600 I don't know what loans Coinbase is making, 317 00:26:51.920 --> 00:26:56.920 but I can say that just as a total side note, 318 00:26:58.920 --> 00:27:03.920 but if you look at all of the centralized institutions 319 00:27:05.280 --> 00:27:08.880 that have become insolvent over this last bear market, 320 00:27:08.880 --> 00:27:11.360 none of them were DeFi, to my knowledge, 321 00:27:11.360 --> 00:27:12.600 were DeFi protocols, 322 00:27:12.600 --> 00:27:15.440 which is the ones that we're going to be interacting with. 323 00:27:15.440 --> 00:27:17.720 And the difference there, 324 00:27:17.720 --> 00:27:19.320 one of the simple differences there, 325 00:27:19.320 --> 00:27:21.200 and Bo, you can speak more to this if you'd like to, 326 00:27:21.840 --> 00:27:23.240 but one of the things where we can just keep going 327 00:27:23.240 --> 00:27:26.160 is custody, self-custodying the assets 328 00:27:26.160 --> 00:27:29.720 versus depositing your assets into a centralized exchange 329 00:27:29.720 --> 00:27:32.560 that turns around and lends them to make a yield. 330 00:27:34.040 --> 00:27:35.360 Fundamental difference there. 331 00:27:35.360 --> 00:27:39.640 And we're actually, the primary purpose for us 332 00:27:39.640 --> 00:27:44.080 when we use Coinbase is to move funds 333 00:27:44.080 --> 00:27:47.120 from our bank account into our MetaMask wallet, 334 00:27:47.120 --> 00:27:50.240 which is a decentralized wallet 335 00:27:50.240 --> 00:27:52.520 where you maintain custody of your assets, 336 00:27:52.520 --> 00:27:54.120 which is a really big deal. 337 00:27:54.120 --> 00:27:56.840 And then, yeah, Michaela, I'll get to that one 338 00:27:56.840 --> 00:27:58.600 once I get to the claim part. 339 00:27:58.600 --> 00:28:00.840 Bo, do you want to say anything on that 340 00:28:00.840 --> 00:28:02.080 before I get to set up? 341 00:28:02.080 --> 00:28:04.240 Yeah, I think just a real quick phrase 342 00:28:04.240 --> 00:28:05.960 that's easy to remember, 343 00:28:05.960 --> 00:28:07.600 in case you guys haven't heard it before, 344 00:28:07.600 --> 00:28:10.240 is not your keys, not your crypto. 345 00:28:10.240 --> 00:28:12.320 And to Brett's point, 346 00:28:12.320 --> 00:28:15.600 there is, for your wallets that you'll be setting up, 347 00:28:15.600 --> 00:28:18.880 there is a private key that you will keep 348 00:28:18.880 --> 00:28:21.800 off your computer, offline, printed, 349 00:28:21.800 --> 00:28:25.280 in a safety deposit box or somewhere safe in your house 350 00:28:25.280 --> 00:28:29.240 that gives you access to your wallet anywhere in the world. 351 00:28:29.240 --> 00:28:32.440 But if you're on Coinbase, you don't have that set of keys. 352 00:28:32.440 --> 00:28:34.360 Coinbase custodies that. 353 00:28:34.360 --> 00:28:38.560 So ultimately, they actually have the final control 354 00:28:38.560 --> 00:28:41.840 of those assets on the blockchain itself, 355 00:28:41.840 --> 00:28:44.160 which is why it is concerning if you hear things 356 00:28:44.160 --> 00:28:45.680 like what the Bearable Bull, 357 00:28:45.680 --> 00:28:48.240 sounds like he said on his YouTube channel. 358 00:28:48.360 --> 00:28:49.720 But again, to Brett's point, 359 00:28:49.720 --> 00:28:51.640 they're FDIC insured, 360 00:28:51.640 --> 00:28:54.280 no idea about the insolvency there. 361 00:28:54.280 --> 00:28:56.960 But I do know that it's not, 362 00:28:56.960 --> 00:28:58.560 they are not your keys 363 00:28:58.560 --> 00:29:00.200 when you keep your crypto on Coinbase. 364 00:29:00.200 --> 00:29:03.240 They retain custody of those wallets. 365 00:29:03.240 --> 00:29:04.480 And that's why it's very important 366 00:29:04.480 --> 00:29:08.240 to get your assets into a wallet 367 00:29:08.240 --> 00:29:10.760 where you actually know what the key is 368 00:29:10.760 --> 00:29:12.800 and you can employ it at your discretion. 369 00:29:14.160 --> 00:29:16.720 Yeah, and we'll jump into that. 370 00:29:16.720 --> 00:29:20.840 I'll speak to that too, right here in step number two. 371 00:29:20.840 --> 00:29:24.600 So step number one, set up what you need to begin. 372 00:29:24.600 --> 00:29:27.800 So you do need an exchange, a centralized exchange 373 00:29:27.800 --> 00:29:30.520 as you're moving funds from your bank account 374 00:29:30.520 --> 00:29:33.080 to your MetaMask wallet. 375 00:29:33.080 --> 00:29:36.000 And the MetaMask wallet is where you do self-custody 376 00:29:36.000 --> 00:29:36.840 those private keys. 377 00:29:36.840 --> 00:29:39.320 And we're gonna get into that in a couple of slides. 378 00:29:39.320 --> 00:29:42.000 But yeah, here are the steps, A, B, C, D, and E. 379 00:29:44.000 --> 00:29:46.400 So you'll set up your account, A, 380 00:29:47.080 --> 00:29:48.120 you will link your bank account. 381 00:29:48.120 --> 00:29:51.720 Again, Coinbase and Gemini are FDIC insured banks 382 00:29:52.720 --> 00:29:57.320 and they are regulated by the SEC. 383 00:29:57.320 --> 00:30:00.000 So that they, you will have to identify. 384 00:30:00.000 --> 00:30:04.160 yourself there, you connect your bank account, then you go over, you create your MetaMask 385 00:30:04.160 --> 00:30:11.040 wallet on your phone, or it's a desktop extension on the Brave browser or the Chrome browser. 386 00:30:11.040 --> 00:30:15.960 And so you'll create your MetaMask wallet, then you'll link your MetaMask wallet address 387 00:30:15.960 --> 00:30:22.640 that it gives you, gives you a public address, and that you'll link that to your exchange 388 00:30:22.640 --> 00:30:23.640 account. 389 00:30:23.640 --> 00:30:31.440 And then before, this is a personal recommendation that Bo and I make, and I have friends where 390 00:30:31.440 --> 00:30:35.560 I will not send them an NFT, I will not send them anything until they secure their private 391 00:30:35.560 --> 00:30:37.000 keys. 392 00:30:37.000 --> 00:30:40.240 And so that is a really big deal. 393 00:30:40.240 --> 00:30:48.600 And so we're going to talk about that briefly, but cannot overstate the importance of this. 394 00:30:48.600 --> 00:30:50.360 So private keys, what are they? 395 00:30:50.360 --> 00:30:54.400 They're a series of 12 random words that are given to you by your wallet provider, 396 00:30:54.400 --> 00:30:58.400 your decentralized wallet provider, in this case, MetaMask. 397 00:30:58.400 --> 00:31:02.520 Coinbase actually does have a decentralized wallet called the Coinbase Wallet. 398 00:31:02.520 --> 00:31:04.840 It's a totally separate app. 399 00:31:04.840 --> 00:31:07.920 But MetaMask is kind of the oldest and most battle tested. 400 00:31:07.920 --> 00:31:09.960 So we really like MetaMask. 401 00:31:09.960 --> 00:31:12.960 They give you 12 private keys when you set up your wallet. 402 00:31:12.960 --> 00:31:18.160 Our recommendation is do not store those digitally in the sense of storing them on your notes 403 00:31:18.160 --> 00:31:22.160 app, storing them in, you know, somewhere on your computer. 404 00:31:22.160 --> 00:31:26.160 We recommend storing them offline. 405 00:31:26.160 --> 00:31:28.680 So it's called cold storage. 406 00:31:28.680 --> 00:31:35.480 And again, this is very important for your longevity and success in Web3. 407 00:31:35.480 --> 00:31:38.880 And those private keys become the backup source. 408 00:31:38.880 --> 00:31:42.920 Those prove that you own the wallet and they become a backup source in the event you lose 409 00:31:42.920 --> 00:31:46.160 access to your wallet, you lose your computer, you lose your cell phone. 410 00:31:46.680 --> 00:31:48.320 Bruce, I didn't tell you this. 411 00:31:48.320 --> 00:31:51.080 You know, I've told you my my test, my positive testimonies. 412 00:31:51.080 --> 00:31:55.600 Part of those 1000 hours actually didn't understand private keys early on. 413 00:31:55.600 --> 00:32:03.600 And I lost private keys to a to a wallet that I had my very first wallet. 414 00:32:03.600 --> 00:32:04.600 That was a DeFi wallet. 415 00:32:04.600 --> 00:32:08.160 And I had a decent number of assets in that wallet. 416 00:32:08.160 --> 00:32:09.440 And I can just watch it. 417 00:32:09.440 --> 00:32:12.840 I can watch it go up and down sometimes as well. 418 00:32:12.840 --> 00:32:15.480 But I can never access those again. 419 00:32:15.520 --> 00:32:20.280 So now I take private key backup very seriously. 420 00:32:20.280 --> 00:32:28.120 Everybody laughs at me, but but I hammered my private keys into titanium plates 421 00:32:28.120 --> 00:32:30.280 and I have multiple backups of them. 422 00:32:30.280 --> 00:32:33.120 I have a paper backup that my wife keeps. 423 00:32:33.120 --> 00:32:40.200 And so this if you know, once you see some of the opportunity for upside and airdrops, 424 00:32:40.200 --> 00:32:43.080 you might also want to take your private keys storage seriously. 425 00:32:43.080 --> 00:32:45.320 But this is a big deal. 426 00:32:45.320 --> 00:32:47.480 Guys, secure your private keys. 427 00:32:47.480 --> 00:32:50.480 Brett, can I add one thing to that? 428 00:32:50.480 --> 00:32:59.160 This is a this is a key distinction between Web 2 and Web 3 is the private keys in Web 2, 429 00:32:59.160 --> 00:33:03.960 where if you lose your login credentials or your banking credentials or whatever else it is, 430 00:33:03.960 --> 00:33:11.320 you have recourse, you have entire security mechanisms and backups and ways to verify your identity 431 00:33:11.320 --> 00:33:15.840 that you don't have with this with the Web 3 ecosystem. 432 00:33:15.840 --> 00:33:21.240 So it is the greatest advantage because it gives you the opportunity to stay anonymous and interact with this ecosystem. 433 00:33:21.240 --> 00:33:31.240 But you are your own security and there is zero recourse if you lose those keys or if somebody is able to lift them from you successfully. 434 00:33:31.240 --> 00:33:38.080 So. Yeah, good point, Bo. 435 00:33:38.080 --> 00:33:45.960 All right, so back to these are some resources, Bruce, we can share this with everybody after. 436 00:33:45.960 --> 00:33:54.200 But this is the one of these is the company that I use actually have a we're not going to get into hardware wallets, 437 00:33:54.200 --> 00:34:02.800 but the metal plates is a great option if you want a fireproof, waterproof backup source for your private keys. 438 00:34:02.800 --> 00:34:08.600 So we can share Bruce. I think we can share links if we want to do that now or later. 439 00:34:08.600 --> 00:34:15.360 But those are great options. And like these two metal plates, you can buy these a lot of these for like 40 bucks. 440 00:34:15.360 --> 00:34:20.719 And it takes 20 minutes to hammer your little your little words in. 441 00:34:20.719 --> 00:34:25.120 But you will not regret it. All right. 442 00:34:25.120 --> 00:34:28.120 Step three is fund your wallet. So we mentioned connecting your bank account, 443 00:34:28.120 --> 00:34:32.800 sending money to your Gemini or Coinbase account. 444 00:34:32.800 --> 00:34:39.280 There are other centralized exchanges. These are the two largest ones in the U.S. and they're FDIC insured. 445 00:34:39.280 --> 00:34:45.040 Step three is convert your U.S. dollars to the easiest way to do it. 446 00:34:45.040 --> 00:34:54.080 For most of the airdrops that we participate in is just going ahead and converting it to the base layer asset of the largest blockchain, which is Ethereum. 447 00:34:54.080 --> 00:34:59.600 And so their their governance, their base layer money is called ETH. 448 00:34:59.600 --> 00:34:59.880 So. 449 00:35:00.000 --> 00:35:03.240 Converting your U.S. dollars to ETH kind of in the trade section of the exchange account. 450 00:35:03.600 --> 00:35:10.120 The last step would be to send those funds to your MetaMask wallet because we've at this point, 451 00:35:10.120 --> 00:35:11.880 you've already connected your MetaMask wallet. 452 00:35:12.080 --> 00:35:14.720 Now you're sending them to your MetaMask wallet. 453 00:35:14.720 --> 00:35:21.400 That takes most of the time that what, Bo, like 10 seconds for that transaction to process. 454 00:35:21.720 --> 00:35:25.560 And then, boom, your ETH will show up in your MetaMask wallet. 455 00:35:25.560 --> 00:35:30.280 And now you're ready to go get in position for an airdrop. 456 00:35:32.840 --> 00:35:35.720 So number four, airdrop eligibility. 457 00:35:35.840 --> 00:35:44.040 And so this is, man, we're not going to have time to get into it today. 458 00:35:45.000 --> 00:35:49.080 All of the different like really fun ways that this can happen. 459 00:35:49.080 --> 00:35:53.680 This is some of these can be like a little monotonous, but some of them can be really fun. 460 00:35:53.720 --> 00:35:57.320 And so we're just kind of going to zoom by them. 461 00:35:57.320 --> 00:36:05.560 But I wish I had more time to dive into each one of these and to walk us through what this actually looks like today. 462 00:36:05.680 --> 00:36:14.920 I will in the claim process, but I'm just going to, for the sake of time, kind of do a high level run through. 463 00:36:15.480 --> 00:36:24.720 So number one, you select the software company that has not yet airdropped a token. 464 00:36:24.760 --> 00:36:30.280 So that's kind of the first like indicator of, hey, what companies should we choose? 465 00:36:30.280 --> 00:36:42.280 And we spend a lot of time researching on our side, but we also love to share that research in our community. 466 00:36:42.280 --> 00:36:50.600 But so let's just say there's a kind of a like really rising software company in Web3. 467 00:36:51.320 --> 00:37:04.720 Maybe that is, you know, the bank, the one that I mentioned earlier at the my very first one was just a an educational community. 468 00:37:04.960 --> 00:37:10.040 And so they had built up a really amazing product and they do podcasts. 469 00:37:10.040 --> 00:37:15.200 And so that one was purely an educational and community component that did the first airdrop. 470 00:37:15.200 --> 00:37:21.480 The most recent one I'm going to talk about here in a minute is a was a another layer blockchain. 471 00:37:21.480 --> 00:37:22.760 So it was a really exciting one. 472 00:37:22.760 --> 00:37:25.600 I had been waiting for that one for a while. 473 00:37:26.040 --> 00:37:27.720 But these companies can look different. 474 00:37:27.720 --> 00:37:33.160 Some of them are one that I participated in was a genetics company in the UK. 475 00:37:33.680 --> 00:37:45.240 Another one that I received an airdrop for was a music company that created NFTs that allowed you to own owner streaming revenue in songs. 476 00:37:45.240 --> 00:37:46.960 And that's a really fun one. 477 00:37:46.960 --> 00:37:51.880 And so these are all types of companies that are, you know, from every industry. 478 00:37:51.880 --> 00:38:02.480 And it's really fun because of the growth of these companies and how so many more companies are building on Web3, the opportunities to get in position for airdrops are increasing. 479 00:38:03.160 --> 00:38:13.120 So in others, you know, it can look like depositing assets into a pool that bears interest. 480 00:38:13.120 --> 00:38:17.600 And so while you're waiting for the airdrop, your assets can also be bearing interest. 481 00:38:17.840 --> 00:38:20.720 So, again, it can look like a lot of different things. 482 00:38:21.000 --> 00:38:22.600 It's unique to each company. 483 00:38:23.680 --> 00:38:31.800 And then once you've decided what you're going to do, you go in and select the specific action and you have to pay a small transaction fee. 484 00:38:31.800 --> 00:38:45.760 I think with the prices right now, that could be anywhere from $5 to $10, depending on how much value you have moved over. 485 00:38:45.760 --> 00:38:50.600 It could be a little bit higher, up to $25, but normally it's around $5 to $15. 486 00:38:51.520 --> 00:38:56.760 And that's when the MetaMask, you sign into these with your MetaMask wallet. 487 00:38:57.320 --> 00:39:09.320 And so it engages your MetaMask wallet and then you click sign and you have officially at that point done the first step to get in position for an airdrop. 488 00:39:10.520 --> 00:39:14.720 So, again, all of these transactions are happening on the blockchain. 489 00:39:14.720 --> 00:39:18.920 And so when these companies go to airdrop, they see your wallet address. 490 00:39:19.280 --> 00:39:25.280 And so they don't necessarily know, oh, this is Bo, but they see Bo's wallet address, which is public. 491 00:39:25.320 --> 00:39:30.560 And that's what they use to identify who needs to get rewarded. 492 00:39:33.520 --> 00:39:34.960 So let's keep going. 493 00:39:36.240 --> 00:39:48.720 Talked about waiting. Waiting is a great opportunity to keep learning and researching and connecting with people who are researching and sharing what you find and helping others get in position for airdrops. 494 00:39:49.040 --> 00:39:56.600 And the whole Web3 community is very, it's much like the real estate community, in my experience, Bo, the investment community. 495 00:39:56.600 --> 00:39:59.920 We want to see other people benefit and we want to see other. 496 00:40:00.000 --> 00:40:05.040 people grow. And so, you can also learn fun Web3 lingo, like, 497 00:40:05.400 --> 00:40:09.840 wag me, we're going to make it. Haha, going to keep going now. 498 00:40:09.920 --> 00:40:15.240 It's a dad joke, sort of. All right, step six is claim. So 499 00:40:15.240 --> 00:40:18.080 this is the last step in the airdrop process. This is the 500 00:40:18.080 --> 00:40:21.840 best part, you get to claim your reward. And within minutes, you 501 00:40:21.840 --> 00:40:28.920 get to see what it's worth in US dollar value. And so this is 502 00:40:28.920 --> 00:40:33.080 the point where, Bruce, where I want to share my most recent 503 00:40:33.440 --> 00:40:39.000 airdrop, which happened, though, I think it was last month, but 504 00:40:39.000 --> 00:40:44.840 you can correct me if I'm wrong. So, yep, before I pop over, so 505 00:40:44.840 --> 00:40:49.040 this is the prompt claim tokens that you'll see, when it's time 506 00:40:49.040 --> 00:40:52.240 for you to claim your airdrop. Sometimes, you know, depending 507 00:40:52.240 --> 00:40:55.800 on when you decide to try to get in position for the airdrop, it 508 00:40:55.800 --> 00:41:00.600 can be weeks, it can be months. I don't know if I have been 509 00:41:00.600 --> 00:41:04.520 waiting for any for longer than a year. But sometimes it can be 510 00:41:04.520 --> 00:41:08.000 months. So it's why it's it's can be beneficial to try to get 511 00:41:08.000 --> 00:41:12.880 in position for as many as possible. Oftentimes, you can 512 00:41:12.880 --> 00:41:15.440 use the same funds that you pulled over to get in position 513 00:41:15.440 --> 00:41:18.760 for several. And we're not going to dive into that today. But 514 00:41:18.760 --> 00:41:22.600 that's a, that's a little double dipping action strategy that we 515 00:41:22.600 --> 00:41:30.480 can employ, deploy, utilize. So another small transaction fee 516 00:41:30.480 --> 00:41:36.160 associated with claiming your reward, and the transaction fees 517 00:41:36.200 --> 00:41:40.600 can vary based on demand on the for block space, but another 518 00:41:40.600 --> 00:41:43.800 small fee, then once you claim it, boom, they drop into your 519 00:41:43.800 --> 00:41:47.080 wallet, your MetaMask wallet. And once they're in your MetaMask 520 00:41:47.080 --> 00:41:52.640 wallet, they are your assets. And because you hold the private 521 00:41:52.640 --> 00:41:58.080 keys, they are secured in your wallet, and they now belong to 522 00:41:58.080 --> 00:42:03.360 you. And the next what you do with them next is entirely up to 523 00:42:03.360 --> 00:42:09.000 you, we are going to talk about what you can do with them. But 524 00:42:09.000 --> 00:42:19.920 before we do that, I'm going to share my screen on the on the 525 00:42:22.680 --> 00:42:26.560 most recent airdrop that I had, which is 526 00:42:27.600 --> 00:42:31.600 there you go. You had it there was the optimism one, right? 527 00:42:32.040 --> 00:42:35.040 Yes, it's optimism. Did I did I had I pulled it up? One second. 528 00:42:35.080 --> 00:42:37.240 It was the tab next to the slides there. 529 00:42:37.560 --> 00:42:38.440 Okay, gotcha. 530 00:42:44.560 --> 00:42:48.520 Just while Brett's pulling that up, I'll mention to most 531 00:42:48.520 --> 00:42:52.240 airdrops do happen as a result of you taking some action with 532 00:42:52.280 --> 00:42:56.960 the software. Every now and then you'll have an airdrop just for 533 00:42:57.000 --> 00:43:03.400 owning a token. There's there have been airdrops for certain 534 00:43:03.400 --> 00:43:08.880 token holders. Because let's just say a certain blockchain 535 00:43:09.720 --> 00:43:13.400 has a capability associated with it. And then another group of 536 00:43:13.400 --> 00:43:18.240 developers come along and they want to create a parallel or 537 00:43:18.240 --> 00:43:22.400 value add to that blockchain. So they'll create that blockchain. 538 00:43:23.160 --> 00:43:26.360 And then in order to spur adoption, they'll airdrop the 539 00:43:26.360 --> 00:43:31.400 tokens that you can use with the initial blockchains tokens. So 540 00:43:31.680 --> 00:43:33.640 those are other ways. Anyway, many, many different ways. But 541 00:43:33.640 --> 00:43:35.120 Brett's going to go through a great example here. 542 00:43:35.440 --> 00:43:37.160 Can you guys see the optimism screen? 543 00:43:38.920 --> 00:43:42.600 Well, yeah, we got it. Sweet. Yeah. 544 00:43:45.320 --> 00:43:46.040 Oh, yeah, we're good. 545 00:43:46.560 --> 00:43:51.240 All right, great. So this is the this is the most recent airdrop 546 00:43:51.280 --> 00:43:55.880 that I received. And this is a good example, because it's not 547 00:43:55.880 --> 00:43:59.400 the smallest airdrop I've received. It's also not the 548 00:43:59.400 --> 00:44:05.560 largest airdrop I've received. It's kind of more, I would say 549 00:44:05.560 --> 00:44:11.160 this is average. And so this is what the screen looks like when 550 00:44:11.160 --> 00:44:13.480 it's time to claim your airdrop. So you guys can see at the top 551 00:44:13.480 --> 00:44:19.200 right corner of my screen is my wallet address. And that is how 552 00:44:19.440 --> 00:44:23.160 the this company knows that it's, you know what to reward 553 00:44:23.160 --> 00:44:28.080 me with. And that's that wallet, that Metamask wallet address is 554 00:44:28.080 --> 00:44:31.760 how you log into every single company, software web three 555 00:44:31.760 --> 00:44:34.760 company across the entire internet. So that's great. It 556 00:44:34.760 --> 00:44:37.760 makes it super easy to log in and log out, you don't have to 557 00:44:37.760 --> 00:44:41.440 remember a bunch of passwords. So I have actually already 558 00:44:41.440 --> 00:44:49.400 claimed this airdrop for 7331 OP or optimism tokens. I mentioned 559 00:44:49.400 --> 00:44:55.040 optimism as a layer two blockchain, this token, they're 560 00:44:55.040 --> 00:44:57.360 planning on in the future that it will actually have revenue 561 00:44:57.360 --> 00:45:00.040 associated with it. So I'm really excited about this one. 562 00:45:00.000 --> 00:45:03.480 I chose to keep this one and not sell it. 563 00:45:03.480 --> 00:45:09.480 And before I kind of run through these eligibility criteria, 564 00:45:09.480 --> 00:45:11.760 which I alluded to a couple of times, 565 00:45:11.760 --> 00:45:17.480 Bo, we were talking earlier this morning, and I was telling you about this airdrop. 566 00:45:17.480 --> 00:45:25.800 And at the time of the airdrop, the U.S. dollar value of these tokens was over $13,000. 567 00:45:26.280 --> 00:45:30.040 And at that time, when I took possession, when I took custody of these, 568 00:45:30.040 --> 00:45:35.320 I could have sold them immediately and put them back into U.S. dollars 569 00:45:35.320 --> 00:45:37.400 and move them back into my bank account. 570 00:45:37.400 --> 00:45:43.000 Now, I didn't want to do that, partly because a lot of my drive in this 571 00:45:43.000 --> 00:45:45.160 is education and involvement in these companies. 572 00:45:45.160 --> 00:45:49.640 I actually really enjoy the involvement, and I chose to hold on to these. 573 00:45:53.080 --> 00:45:54.680 But I could have sold these. 574 00:45:54.680 --> 00:46:01.560 So today, Bo, we looked earlier today, and I think the value was about $5,600 575 00:46:01.560 --> 00:46:07.000 because we've seen a huge bear market this year, one of the historic bear markets. 576 00:46:07.880 --> 00:46:16.040 So that $13,500 value when these were given to me has come down, 577 00:46:16.680 --> 00:46:20.280 but I could still sell these today for about $5,500. 578 00:46:20.280 --> 00:46:23.480 And you can look up the value on websites like CoinGecko. 579 00:46:25.640 --> 00:46:28.520 If you do want to know or if you want to choose to sell them. 580 00:46:28.520 --> 00:46:33.320 But I received this airdrop because I used this blockchain. 581 00:46:33.320 --> 00:46:37.000 I bridged funds over from Ethereum using MetaMask to this blockchain. 582 00:46:37.000 --> 00:46:45.160 I did a few different actions on their company's software, 583 00:46:45.160 --> 00:46:47.880 which happens to be an entire layer blockchain. 584 00:46:47.880 --> 00:46:51.160 They gave me another bonus because I'm part of a DAO, 585 00:46:52.040 --> 00:46:58.680 which is and I voted in DAO proposals, which is very, very easy to do. 586 00:46:59.320 --> 00:47:04.680 And they also deemed that I participated in their protocol 587 00:47:04.680 --> 00:47:10.200 at a time when Ethereum was really highly valued and the transaction fees were high. 588 00:47:10.200 --> 00:47:13.880 So they gave me an extra bonus there and another bonus for hitting multiple categories. 589 00:47:13.880 --> 00:47:20.600 So that's how they got to their number of 7,300 optimism tokens. 590 00:47:20.600 --> 00:47:23.400 So I claimed these tokens. They're in my wallet now. 591 00:47:24.440 --> 00:47:29.240 I mentioned to you guys, I have a wallet specifically for airdrops and it's brethenry.eth. 592 00:47:29.240 --> 00:47:30.680 So you can go see these in my wallet. 593 00:47:31.240 --> 00:47:34.520 And yeah, this is what this is kind of what the screen looks like. 594 00:47:34.520 --> 00:47:35.960 It's not, you know, nothing for it. 595 00:47:35.960 --> 00:47:39.080 And this is the internet and everybody knows how to use this. 596 00:47:42.680 --> 00:47:43.560 Go ahead, Bruce. 597 00:47:43.560 --> 00:47:44.920 Yeah, I just had a quick question there. 598 00:47:44.920 --> 00:47:48.600 So if you could give us like just the bullet points there, 599 00:47:49.320 --> 00:47:52.680 what did it take to generate $5,600 or so? 600 00:47:54.040 --> 00:47:58.040 What kind of went into it to start as far as investment of time 601 00:47:58.040 --> 00:47:59.880 and then also money to get to there? 602 00:48:01.080 --> 00:48:06.200 Yeah, so $5,600 is the present value. 603 00:48:06.200 --> 00:48:14.360 I bridged about $500 over onto their blockchain. 604 00:48:14.840 --> 00:48:21.240 And I actually deposited those funds, Bruce, into a liquidity pool 605 00:48:21.240 --> 00:48:25.400 on a kind of like a decentralized exchange called Uniswap. 606 00:48:25.400 --> 00:48:28.360 It's one of the biggest, one of the most valuable 607 00:48:28.360 --> 00:48:33.560 and most widely used companies on the blockchain for swapping in and out of assets. 608 00:48:33.560 --> 00:48:36.920 So it allows you to swap from like, 609 00:48:36.920 --> 00:48:42.360 I could go on to Uniswap right now and swap from these tokens into a stable coin 610 00:48:42.360 --> 00:48:46.680 that's pegged to the US dollar if I wanted to kind of sell in that way. 611 00:48:46.680 --> 00:48:52.440 And so I decided to deposit some of those that I think I took $500, 612 00:48:52.440 --> 00:48:56.600 divided it into two different assets, deposited into a pool. 613 00:48:56.600 --> 00:48:59.400 And so I actually have since left that in the pool 614 00:48:59.400 --> 00:49:03.800 because it's generating about a 26% return on those assets. 615 00:49:03.800 --> 00:49:05.400 So for me, that was kind of like, 616 00:49:05.400 --> 00:49:08.040 hey, this is actually a good little investment opportunity 617 00:49:08.040 --> 00:49:09.880 and I'm getting in position for an airdrop. 618 00:49:10.760 --> 00:49:17.080 And so in that case, I deposited the assets into a liquidity pool on Uniswap, 619 00:49:17.880 --> 00:49:20.120 which was deployed on Optimism. 620 00:49:22.200 --> 00:49:25.240 That sounds really like kind of complex, 621 00:49:25.240 --> 00:49:29.480 but it's actually the total amount of time that it took me to do all that 622 00:49:29.480 --> 00:49:30.840 was less than 15 minutes. 623 00:49:31.720 --> 00:49:34.680 So I think it took you longer to explain it than to do it. 624 00:49:34.680 --> 00:49:39.160 Yeah, that's why it's so much better if I can just say, 625 00:49:39.160 --> 00:49:42.200 all right, Bruce, watch this and I can walk you through it. 626 00:49:42.200 --> 00:49:44.760 And then you're like, that's it. It's so easy. 627 00:49:46.040 --> 00:49:46.760 That's awesome. 628 00:49:46.760 --> 00:49:47.640 But yeah, you're right. 629 00:49:48.760 --> 00:49:51.400 Building the mental framework is the hardest part for all this, 630 00:49:51.400 --> 00:49:53.000 but the actions are not hard. 631 00:49:54.920 --> 00:49:57.160 So yeah, so there's the Optimism airdrop. 632 00:49:57.160 --> 00:49:59.800 I'm going to kick back over to the slideshow. 633 00:50:00.000 --> 00:50:02.000 Let's wrap this up. 634 00:50:04.200 --> 00:50:04.640 OK. 635 00:50:13.240 --> 00:50:15.840 And while you're doing that, maybe just can drop one question. 636 00:50:15.840 --> 00:50:18.360 I know people probably wondering, like, OK, that's awesome. 637 00:50:18.360 --> 00:50:21.360 So like how how did you find this? 638 00:50:21.360 --> 00:50:25.120 Like, how did you, I guess, position yourself to find this? 639 00:50:25.120 --> 00:50:33.720 Yeah, so I spend time, I spend a little bit of time every week kind of combing through 640 00:50:35.040 --> 00:50:42.240 different crypto communities to see what what every what new software is. 641 00:50:42.240 --> 00:50:43.520 Everybody's kind of talking about. 642 00:50:43.520 --> 00:50:48.720 And then I'll go see if that if those software companies have tokens or not. 643 00:50:49.040 --> 00:50:53.880 And if they don't have a token, then I'll just pop into their software real quick, you 644 00:50:53.880 --> 00:50:56.560 know, move around, move funds. 645 00:50:57.760 --> 00:51:02.320 And because a lot of times you don't have to leave them deposited, you can pull them 646 00:51:02.320 --> 00:51:04.520 back out to still be eligible. 647 00:51:04.520 --> 00:51:08.400 So I'll just pop in, you know, make a few quick transactions, pop back out. 648 00:51:08.720 --> 00:51:10.720 And it's kind of become second nature. 649 00:51:10.720 --> 00:51:15.920 But there are communities out there and finding good ones can be hard. 650 00:51:15.920 --> 00:51:19.480 But there are communities that are talking about all of this stuff. 651 00:51:19.480 --> 00:51:24.680 And so if you know kind of what to look for, Bruce, like, OK, this company, they have they 652 00:51:24.680 --> 00:51:28.120 have the really good Web3 values and they don't have a token yet. 653 00:51:28.120 --> 00:51:30.280 There's a good chance that they're going to airdrop a token. 654 00:51:30.640 --> 00:51:32.440 That's awesome. Very cool. 655 00:51:33.160 --> 00:51:43.080 Yeah. I am a screen sharing novice, but here we go. 656 00:51:44.360 --> 00:51:45.440 All right, you guys can see that. 657 00:51:46.440 --> 00:51:57.720 Yep. All right, so last thing that I believe that I want to go through is the just 658 00:51:57.720 --> 00:52:04.160 kind of the then what after you claim your airdrop, you know, at this point, Bruce, I 659 00:52:04.160 --> 00:52:10.160 think I get about one airdrop a month, sometimes more, but then you have a decision to 660 00:52:10.160 --> 00:52:13.800 make. Are you going to sell your asset or are you going to keep it? 661 00:52:13.800 --> 00:52:16.720 And it's really up to the end user. 662 00:52:17.600 --> 00:52:20.400 So it's up to each one of us individually. 663 00:52:21.080 --> 00:52:23.680 A lot of people choose to sell it out, convert it back to U.S. 664 00:52:23.680 --> 00:52:24.800 dollars and use those U.S. 665 00:52:24.800 --> 00:52:32.880 dollars in the real world, pay your mortgage, buy a car, do something along those 666 00:52:32.880 --> 00:52:39.480 lines. The other option is to keep it and then further invest it in Web3, whether that 667 00:52:39.480 --> 00:52:45.360 means getting in position for more airdrops or investing in trying to earn a yield on 668 00:52:45.360 --> 00:52:52.160 your assets. So again, you can always hold on and hope that the value goes up like I 669 00:52:52.160 --> 00:52:55.240 did with the Optimism airdrop, even though it went down initially. 670 00:52:56.320 --> 00:52:59.640 I think that it's going to be a really great product that a ton of people are going to 671 00:52:59.640 --> 00:53:03.080 use. They're going to even be using it and they don't even know they're using it. 672 00:53:03.320 --> 00:53:06.480 And so for that reason, I'm a long term hold on that one. 673 00:53:06.800 --> 00:53:08.240 But yeah, it's really cool. 674 00:53:08.920 --> 00:53:17.200 You can go either route and a lot of these can be life changing if you can get some of 675 00:53:17.200 --> 00:53:23.680 the some of these and pay off student debt, do things like that in the real world. 676 00:53:24.440 --> 00:53:26.880 The opportunities here are really great. 677 00:53:26.880 --> 00:53:32.960 And so, yeah, some of these are substantial. 678 00:53:33.320 --> 00:53:37.960 I don't know if you guys want me to mention like on the low end and the high end, but 679 00:53:37.960 --> 00:53:45.120 this is this is a real opportunity that everybody who wants to take advantage of can 680 00:53:45.120 --> 00:53:46.200 take advantage of it. 681 00:53:46.520 --> 00:53:51.280 And for the amount of time that it takes to do so and the little bit of education that 682 00:53:51.280 --> 00:53:57.600 you need to do, we definitely encourage you to to strongly consider getting in position 683 00:53:57.600 --> 00:53:58.320 for airdrops. 684 00:54:00.800 --> 00:54:02.640 I'll just add something to that, Brett. 685 00:54:03.520 --> 00:54:04.760 You know, this. 686 00:54:05.960 --> 00:54:08.920 I've heard this comparison many different ways. 687 00:54:10.640 --> 00:54:16.720 I guess the the average is, you know, Web three is today where I don't know the 688 00:54:16.720 --> 00:54:20.280 Internet was in the mid to late 90s. 689 00:54:20.480 --> 00:54:25.480 And so, you know, if you think about the rate of adoption right now and how things are 690 00:54:25.480 --> 00:54:32.800 going to eventually evolve into this ecosystem, there's just a tremendous amount of 691 00:54:32.800 --> 00:54:34.240 growth left to happen. 692 00:54:34.320 --> 00:54:36.640 And with that growth comes a lot of opportunity. 693 00:54:37.520 --> 00:54:41.920 One of the thing to note, just, you know, for you quants out there that like to crunch 694 00:54:41.920 --> 00:54:46.520 the numbers and think through it in that in that regard, that these are not efficient 695 00:54:46.520 --> 00:54:51.160 markets, meaning that they're they're incredibly efficient in terms of peer to peer. 696 00:54:51.440 --> 00:54:56.680 But in terms of the information that is shared publicly, it's out there, but it can be 697 00:54:56.680 --> 00:54:57.840 really, really hard to find. 698 00:54:58.280 --> 00:55:00.000 So that's. 699 00:55:00.000 --> 00:55:03.160 where you have an opportunity to extract 700 00:55:03.160 --> 00:55:05.480 or to realize some of the value 701 00:55:05.480 --> 00:55:09.320 is just learning about these things earlier 702 00:55:09.320 --> 00:55:13.240 before others adopt them or before others catch on, 703 00:55:13.240 --> 00:55:15.280 before there's enterprise adoption 704 00:55:15.280 --> 00:55:18.400 for a lot of these applications that are being built. 705 00:55:18.400 --> 00:55:20.440 You have an opportunity now to start learning 706 00:55:20.440 --> 00:55:22.080 about the space and the ecosystem 707 00:55:22.080 --> 00:55:27.080 and just improve your awareness of it through education. 708 00:55:27.640 --> 00:55:29.760 So, yeah. 709 00:55:30.560 --> 00:55:32.080 Totally, Beau. 710 00:55:32.080 --> 00:55:36.760 Real quick, we have a question from Brennan. 711 00:55:36.760 --> 00:55:38.080 Are there any DeFi apps in the works 712 00:55:38.080 --> 00:55:39.400 to safely store your keys? 713 00:55:39.400 --> 00:55:40.360 I keep mine as safe, 714 00:55:40.360 --> 00:55:43.680 but I do have concern over random accidents like a fire. 715 00:55:43.680 --> 00:55:45.600 Actually, yes, there are companies 716 00:55:45.600 --> 00:55:49.800 that are kind of trying to create apps, 717 00:55:49.800 --> 00:55:54.800 DeFi wallets that consider those things 718 00:55:56.920 --> 00:55:57.960 for the average user 719 00:55:57.960 --> 00:56:00.120 and not everybody wants to store something 720 00:56:00.120 --> 00:56:02.720 like they would store gold, physical gold, 721 00:56:02.720 --> 00:56:05.120 but check out Argent. 722 00:56:05.120 --> 00:56:08.200 So Argent is an awesome product. 723 00:56:08.200 --> 00:56:10.280 They have not airdropped yet. 724 00:56:10.280 --> 00:56:15.280 And they're a mobile app and a web app. 725 00:56:17.400 --> 00:56:19.600 They use a social, 726 00:56:19.600 --> 00:56:20.440 this is interesting 727 00:56:20.440 --> 00:56:22.240 because it takes a different due diligence, 728 00:56:22.240 --> 00:56:25.240 but they use a social backup system. 729 00:56:25.240 --> 00:56:30.240 So you get tons of, I think I have five on mine, 730 00:56:30.400 --> 00:56:32.840 but five friends who also have Argent wallets 731 00:56:32.840 --> 00:56:34.040 and they become your guardian. 732 00:56:34.040 --> 00:56:36.920 So if you lose access to your wallet, 733 00:56:36.920 --> 00:56:38.200 then it takes like, 734 00:56:38.200 --> 00:56:40.920 I think you can set like two or three guardians 735 00:56:40.920 --> 00:56:43.040 or the threshold that it takes to back it up, 736 00:56:43.040 --> 00:56:46.080 but you can back up your wallet with your social community. 737 00:56:46.080 --> 00:56:48.000 So there's different risks associated with that, 738 00:56:48.000 --> 00:56:50.600 but you don't have to hold your private keys. 739 00:56:51.480 --> 00:56:53.240 So yeah, that's called Argent 740 00:56:53.240 --> 00:56:55.160 and they have not airdropped yet. 741 00:56:56.040 --> 00:56:59.040 And they're actually deployed on a main net Ethereum 742 00:56:59.040 --> 00:57:03.840 and a layer two blockchain called ZK sync 743 00:57:03.840 --> 00:57:05.480 that also hasn't airdropped yet. 744 00:57:05.480 --> 00:57:10.480 So those happen to both be airdrop opportunities, 745 00:57:10.920 --> 00:57:12.840 but yeah, check out Argent. 746 00:57:17.120 --> 00:57:20.600 And I stopped sharing my screen. 747 00:57:21.720 --> 00:57:24.960 Bruce, did you wanna pick up where I left off? 748 00:57:25.920 --> 00:57:26.760 Yeah, that sounds great. 749 00:57:26.760 --> 00:57:30.400 So guys, hopefully this has been kind of helpful 750 00:57:30.400 --> 00:57:31.480 to give context. 751 00:57:31.480 --> 00:57:34.160 I mean, I think what's crazy, 752 00:57:34.160 --> 00:57:39.160 I didn't mean to make fun of Brett there, 753 00:57:39.480 --> 00:57:41.200 but there's just so much to this 754 00:57:41.200 --> 00:57:43.640 that these guys have spent so much time 755 00:57:43.640 --> 00:57:46.000 researching this stuff to then share it 756 00:57:46.000 --> 00:57:47.880 in kind of a condensed, it's super hard. 757 00:57:47.880 --> 00:57:50.120 Like I think we could probably do this every night 758 00:57:50.120 --> 00:57:51.960 for a few weeks, right? 759 00:57:51.960 --> 00:57:54.440 And just to like get through all the information. 760 00:57:54.760 --> 00:57:56.520 So I really appreciate, Brett, that was awesome. 761 00:57:56.520 --> 00:57:58.320 Just kind of giving us a high level overview, 762 00:57:58.320 --> 00:57:59.680 giving us some of the background 763 00:57:59.680 --> 00:58:03.440 and showing us what's possible with that. 764 00:58:03.440 --> 00:58:06.200 But yeah, but before I jump in, 765 00:58:06.200 --> 00:58:08.480 does anything else you wanted to add to that 766 00:58:08.480 --> 00:58:10.360 to kind of wrap that up? 767 00:58:10.360 --> 00:58:12.240 Yeah, well, just very quickly, Michaela, 768 00:58:12.240 --> 00:58:14.240 I wanted to make sure we got to your question. 769 00:58:14.240 --> 00:58:16.080 It's kind of a loaded question, 770 00:58:16.080 --> 00:58:18.320 the difference between types of tokens and NFTs 771 00:58:18.320 --> 00:58:20.320 and potentially some blockchain basics. 772 00:58:20.680 --> 00:58:25.680 Yes, we can go into that more probably in another session, 773 00:58:29.000 --> 00:58:31.640 but I think holistically, 774 00:58:31.640 --> 00:58:33.920 what Brett's saying in terms of the ethos 775 00:58:33.920 --> 00:58:35.680 and why this is taking place, 776 00:58:36.640 --> 00:58:39.120 blockchain is decentralized networks, number one, 777 00:58:39.120 --> 00:58:41.280 decentralized decision-making, number two. 778 00:58:41.280 --> 00:58:45.040 And for many companies, it's decentralized value, right? 779 00:58:45.040 --> 00:58:46.240 They distribute the value. 780 00:58:46.240 --> 00:58:49.200 And so in terms of token types, 781 00:58:49.200 --> 00:58:51.400 there's a lot of different technical ways 782 00:58:51.400 --> 00:58:52.600 that we can answer that. 783 00:58:53.600 --> 00:58:58.600 But I think the heart of it is it's a mechanism 784 00:58:59.040 --> 00:59:01.680 through which you can interact with their software 785 00:59:01.680 --> 00:59:06.680 as opposed to logins or everything like that. 786 00:59:07.000 --> 00:59:09.440 With Web2, you can have, the token is there. 787 00:59:09.440 --> 00:59:14.320 It gives you certain capabilities with the software 788 00:59:14.320 --> 00:59:16.600 and it's intended to help you adopt 789 00:59:16.600 --> 00:59:18.000 what it is they're building. 790 00:59:18.000 --> 00:59:19.040 So I hope that helps. 791 00:59:20.200 --> 00:59:21.040 Yeah. 792 00:59:23.320 --> 00:59:25.640 We could spend an hour on that question. 793 00:59:25.640 --> 00:59:26.480 Yeah. 794 00:59:27.760 --> 00:59:31.000 It's a really good question because it's fundamental. 795 00:59:31.000 --> 00:59:34.200 Yeah, it's fundamental to understanding all of this. 796 00:59:36.720 --> 00:59:40.200 Yeah, so we could spend an hour, we probably should, 797 00:59:41.320 --> 00:59:45.400 because there's some really, really amazing applications 798 00:59:45.400 --> 00:59:47.960 for tokens and NFTs. 799 00:59:47.960 --> 00:59:50.360 There are different types of tokens on the blockchain 800 00:59:50.360 --> 00:59:52.280 and they have different properties. 801 00:59:53.320 --> 00:59:58.080 And each individual company has a choice to issue these. 802 00:59:58.080 --> 01:00:00.000 Individuals now can issue these. 803 01:00:00.000 --> 01:00:14.000 And so, and they're composable and recognized across the entire blockchain, but what's possible and the strategies that are used are unique to each to each company. 804 01:00:14.000 --> 01:00:29.000 But we should totally spend another session breaking all that down because and using specific examples of like, you know, because we there are like the optimism token that I got airdropped is a governance token and actually owns voting rights. 805 01:00:29.000 --> 01:00:33.000 Voting rights and owns part of the treasury of that company. 806 01:00:33.000 --> 01:00:39.000 They chose to issue that optimism token as a certain token type ERC 20. 807 01:00:39.000 --> 01:00:45.000 They could have issued that as an NFT. I have, I have an NFT that is a governance token. 808 01:00:45.000 --> 01:00:59.000 So optimism could have said, Hey, we're going to issue a different token type. Let's, let's issue an NFT instead. And it's, it's just, it was their choice to utilize the ERC 20 token type. 809 01:00:59.000 --> 01:01:12.000 And that's on this specific blockchain. I'm not going to go into any more because we could spend so much so much time diving into that bow but it's a really good question. 810 01:01:12.000 --> 01:01:18.000 Awesome. And so there's one other question about, I don't know if you guys want to address that in the chat there. 811 01:01:18.000 --> 01:01:25.000 Oh yeah, Bo you take that one. 812 01:01:25.000 --> 01:01:39.000 Yes, I mean there are different ways there are tokens associated with gold. Now, like you can you can invest in web three tokens that are physically backed by gold, it is possible. 813 01:01:39.000 --> 01:01:46.000 There, again, how tightly those web three organizations are regulated. 814 01:01:46.000 --> 01:02:00.000 There are some that are more regulated than others, some that are, you know, based in the US some that aren't, but it is possible that you know as a, as a short answer, you know, in terms of ETFs. 815 01:02:01.000 --> 01:02:11.000 I think you mentioned REITs I know ETFs are possible you can buy Bitcoin ETFs now through I think there's four organizations that have been approved by the SEC to buy Bitcoin ETFs. 816 01:02:12.000 --> 01:02:29.000 But it's definitely there, there is quite an effort at the institutional level to wrap web three technology and tokenomics into traditional finance and traditional finance mechanisms. 817 01:02:29.000 --> 01:02:36.000 And so I think we'll see a lot more of that in the next three to five years. 818 01:02:36.000 --> 01:02:56.000 Yeah, and there are also, I just very briefly touch on it, I believe that the, the Loomis bill that's that they're circulating in DC that brings regulation to crypto actually positions, a lot of these assets more as commodities instead of as securities. 819 01:02:57.000 --> 01:02:59.000 So that's a whole interesting topic. 820 01:02:59.000 --> 01:03:05.000 If you're, if you're interested in that and then I'm not I'm not. 821 01:03:05.000 --> 01:03:16.000 I know that there are DAOs that hold real estate and you can acquire the DAOs governance token. I actually own real estate in the form of an NFT in a real estate investing DAO. 822 01:03:16.000 --> 01:03:20.000 It's called CitiDAO. 823 01:03:21.000 --> 01:03:26.000 There are some creative ways to acquire real world assets. 824 01:03:26.000 --> 01:03:30.000 Yeah, but yeah. 825 01:03:30.000 --> 01:03:31.000 Awesome. 826 01:03:31.000 --> 01:03:46.000 That's great. Well, thanks, thanks guys for taking that, that time I know guys Bo and Brett are, they're hanging out here kind of on a free workshop but this is something that you guys do, you guys are consulting with people you're working with businesses to help them integrate 827 01:03:47.000 --> 01:04:04.000 So I don't want you guys to miss, miss take that we're, they're sharing a lot of stuff here just for free but there's this is some valuable info or kind of helping give us a shortcut to, you know, what's to get started on this kind of create an on ramp for us to get there a lot faster. 828 01:04:04.000 --> 01:04:11.000 And so this is our first training like this so hopefully you guys enjoyed it if you want to drop in the comments if it was helpful. 829 01:04:11.000 --> 01:04:19.000 You know, we'll probably try to do a couple more of these in the future so if you're on our email list. That's great. You will just kind of let you know. 830 01:04:19.000 --> 01:04:36.000 And so, yeah, and and one thing that you know we're looking to do is, I've been, this has been super helpful for me just kind of learning from these guys. And, you know, while there's not any kind of formal program or anything for that yet. 831 01:04:36.000 --> 01:05:05.000 We've just been talking even in the last week about how to set up some type of membership that we could be a part of to, to kind of learn from Brett and Bo and kind of have access to their knowledge that they have spent this thousand hours plus you know on on on how to leverage the web three space, and not just know that but how, like, which things 832 01:05:00.000 --> 01:05:04.120 things to avoid, what things to pay attention to, stuff, you 833 01:05:04.120 --> 01:05:06.160 know, that's kind of what what an expert does. When you work 834 01:05:06.160 --> 01:05:07.760 with someone who's been doing this for a while, they know 835 01:05:07.760 --> 01:05:11.920 exactly what to focus on. So, you know, Brett was able to, you 836 01:05:11.920 --> 01:05:18.720 know, basically 10x his money from 500 to 5600 in 15 minutes, 837 01:05:18.760 --> 01:05:22.920 but it took 1000 hours, right, to know what to do to leverage 838 01:05:22.920 --> 01:05:26.400 that, you know, to use 15 minutes to get that result. So 839 01:05:27.400 --> 01:05:32.640 one thing Bo and Brett are wanting to do is just open up a 840 01:05:32.640 --> 01:05:34.920 membership, if you guys are interested, a kind of a monthly 841 01:05:34.920 --> 01:05:39.080 membership, where they're going to share a couple things, and 842 01:05:39.080 --> 01:05:40.920 I'll kind of walk you guys through what that what that 843 01:05:40.920 --> 01:05:43.520 could look like. They're going to have, we're gonna set up 844 01:05:43.520 --> 01:05:49.200 like a private discord deal feed. So as new deals or new 845 01:05:49.200 --> 01:05:52.400 airdrops are coming available, they're going to drop those in 846 01:05:52.400 --> 01:05:54.960 a private discord and kind of give you guys the heads up of 847 01:05:55.120 --> 01:05:57.640 what to pay attention to. So what they are wanting to do is 848 01:05:57.640 --> 01:06:02.360 basically distill everything down from from what they're 849 01:06:02.400 --> 01:06:06.160 researching what they're seeing, and just share it with the 850 01:06:06.160 --> 01:06:11.000 private community here. And so we're also going to do a few 851 01:06:11.000 --> 01:06:13.880 more of these zoom calls. So we'll include a free monthly 852 01:06:13.880 --> 01:06:16.840 pass to that. So this one was free was our first one, we just 853 01:06:16.840 --> 01:06:19.520 wanted to try it out. And these will be paid calls moving 854 01:06:19.520 --> 01:06:24.120 forward. So you'll get a free access to that. And then these 855 01:06:24.120 --> 01:06:27.000 guys have put together a bunch of training resources. So like 856 01:06:27.000 --> 01:06:30.320 how to set up a wallet, how to, you know, do a lot of these 857 01:06:30.320 --> 01:06:34.400 things, all the kind of the the technical tactics of how to 858 01:06:34.480 --> 01:06:37.240 position yourself to get the stuff set up. They put that all 859 01:06:37.240 --> 01:06:40.240 into a kind of a membership site. You can quickly kind of go 860 01:06:40.240 --> 01:06:42.960 through that and look for resources. And rather than 861 01:06:42.960 --> 01:06:45.440 sifting through like a lot of this stuff is on the internet, 862 01:06:45.440 --> 01:06:49.320 you can go Google this, you can go on YouTube. But a lot of it 863 01:06:49.360 --> 01:06:52.880 is just knowing what to look at. And there's just so much 864 01:06:52.920 --> 01:06:56.440 information out there. And it's not all good information, right. 865 01:06:56.960 --> 01:07:01.600 So what this does is it lets you get a trusted resource of 866 01:07:01.600 --> 01:07:05.880 content that from these guys, rather than having to go out and 867 01:07:05.880 --> 01:07:09.280 find all this on your own and kind of it'll help you shortcut 868 01:07:09.280 --> 01:07:12.480 you a few years into the process, right? I like to think 869 01:07:12.480 --> 01:07:14.640 of it that you're going to essentially, it's going to give 870 01:07:14.640 --> 01:07:20.080 you a 1000 hour head start right on on this this web three 871 01:07:20.080 --> 01:07:22.920 space. So we have this membership available if you guys 872 01:07:22.920 --> 01:07:26.480 are interested. It's going to be 495 a month. It's going to 873 01:07:26.480 --> 01:07:28.600 include all the things that we're talking about the private 874 01:07:28.600 --> 01:07:31.200 discord channel, the free pass, you can you can do it month to 875 01:07:31.200 --> 01:07:34.760 month and check it out. We'll have a link here in a second 876 01:07:34.760 --> 01:07:37.720 where you can check check it out. Just to get started, since 877 01:07:37.720 --> 01:07:40.640 you guys are kind of in our pilot group here, we're gonna 878 01:07:40.640 --> 01:07:42.960 make a special deal available. If you guys want to go ahead and 879 01:07:42.960 --> 01:07:45.960 get three months of this, we can actually give that to you for 880 01:07:45.960 --> 01:07:50.400 995. So it's kind of like a buy two months, get one free. And 881 01:07:50.400 --> 01:07:52.680 it's everything we're talking about here and kind of getting 882 01:07:52.680 --> 01:07:56.720 access to these guys, kind of between calls, and then also 883 01:07:56.720 --> 01:07:59.280 just kind of seeing the deal feed, which is gonna be super 884 01:07:59.280 --> 01:08:04.600 valuable. You know, this is this is valuable information. And I 885 01:08:04.600 --> 01:08:08.240 think this is kind of a steal at this price. These guys charge a 886 01:08:08.240 --> 01:08:12.360 lot more per hour than than what this pricing reflects. But this 887 01:08:12.360 --> 01:08:15.960 is something you know, I've talked to Bo and Brett at length 888 01:08:16.200 --> 01:08:20.080 over the last couple weeks, as we were prepared for this, and 889 01:08:20.080 --> 01:08:24.240 they are super, super passionate about getting people to adopt 890 01:08:24.240 --> 01:08:27.560 web three, getting people into this space, getting them caught 891 01:08:27.560 --> 01:08:30.760 up into the into what's going on and how to leverage there's so 892 01:08:30.760 --> 01:08:34.960 much opportunity out there. And so I, you know, I've known Bo 893 01:08:34.960 --> 01:08:39.200 for over, I don't know, 10 years now, met Brett a couple weeks, 894 01:08:39.200 --> 01:08:43.720 months ago. So it's been, it's been awesome to hang out with 895 01:08:43.720 --> 01:08:46.640 them and just learn this. So I will be joining this and signing 896 01:08:46.640 --> 01:08:50.479 up myself, because I feel like it's incredibly valuable. And 897 01:08:50.479 --> 01:08:54.520 I'm also looking at as I only have to get one or really one 898 01:08:54.720 --> 01:08:58.040 semi good, you know, airdrop like this and kind of cover the 899 01:08:58.040 --> 01:09:01.120 cost, right. So that's kind of how I'm thinking about it. But 900 01:09:01.439 --> 01:09:04.399 any closing thoughts for Bo or Brett? Anything you guys want to 901 01:09:04.399 --> 01:09:04.880 add? 902 01:09:05.880 --> 01:09:09.080 Yeah, thanks, everybody for jumping on. As Bruce mentioned, 903 01:09:09.680 --> 01:09:13.800 we love to teach this stuff. We geek out over it often with each 904 01:09:13.800 --> 01:09:17.479 other. And as I mentioned in the beginning, we just would love 905 01:09:17.479 --> 01:09:20.680 for you guys to join that conversation. So thanks for 906 01:09:20.680 --> 01:09:21.200 coming. 907 01:09:23.240 --> 01:09:29.359 Yep. Likewise. And I, I too have known Bo for about 10 years. 908 01:09:29.680 --> 01:09:33.640 Yeah. And it's been fun. Bo getting on jumping on this 909 01:09:33.960 --> 01:09:39.240 journey with you about the same time. It's been really, really 910 01:09:39.240 --> 01:09:43.800 fun. And, you know, a little mind boggling at times and 911 01:09:43.800 --> 01:09:52.160 giving us some gray hairs, but we're early in this. And so it's 912 01:09:52.160 --> 01:09:55.600 been really, really fun. And we love getting to share with you. 913 01:09:55.600 --> 01:09:58.160 And we, you know, we'd love to continue to get to do that. 914 01:09:58.920 --> 01:09:59.400 Awesome. 915 01:10:00.000 --> 01:10:29.640 Awesome, awesome guys well I know we can keep to our time here guys also on that link I dropped it in the chat if you guys want to check it out also email it to you and there is a link in there as well if you guys have any questions about this or you know about the program there's an option in that page to book a call and just chat with me or one of one of the guys here just to see what you know if you have any questions and you can also just email us back at any of the emails you've gotten from us so far just reply with your question that comes straight to us and we'll and we'll check it out so. 916 01:10:30.000 --> 01:10:34.960 Thanks for joining us guys it's been awesome and we'll see you on the next training cheers guys have a great night.