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September 15, 2021, Denver, CO, USA
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Social tokens, NFTs, Governance, Identity
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  • Description
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About the talk

James Young from Collab.land and METADREAMER discuss where they think social crypto is going.

About speaker

James Young
Co-Founder at Abridged
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What's up? Everyone? Has it gone? Hello? Hello? Hello. This is amazing to see the people here. I'm just totally blown away because when we launched medic Kartel, it was like 2019. It was part of the bear market and it was just YOLO, and we just doing it just to do it and it's amazing to see all these people here. So thank you for coming and all of you need to give you spell of the Round of Applause for Sunday night. Yeah, it's a super cereal that it's all happening, so fast, it's like, you know, we were

she thought I was going to happen faster than it was then like the supermarket and you like it's going to take years for this and like all the sudden he's like ramped up like crazy. So, you know, you can never anticipate it. But yeah, it's amazing. I norvis blended life and this is one of the first things as we're, maybe going back into the new, Delta Fire nor coming out of covid-19, people and meet new people. I and I think true to the sense of like

the ethos of aetherium. I know this is probably been talked about before. But just carrying on this like collaborative positive, some multiplayer game and we can all kind of flarp together. I think like the in-person events are so defining of everything we do like for me that was like Defcon was the thing that got me that I quit my day job and go full time at about 3. And you know, this so like you probably get only 5% of the like communication ban with other people on Zoom calls that you do in person. And, you know, we if we're cool enough to deal with each other

online, with that 5%, when you get the full hundred percent in person. It's just like that much better. So it's amazing to see just, you know, how there's always so much alignment between everyone here. It's never. Like I know there's the other communities were, like, 5 online. Me up in person, is kind of like weird. I've never liked you. So yeah, I think, you know, the we were talking with those. Are there, too. It's like the layers zero experience Wright design chain, but the most important part is, like, the person to person relationships, you know, our identity. Our communities are

tribes, you know, the humans coordinating into tribes and stuff. That's like OG human stuff, right? Now, we're here. We're supposed to talk about social tokens. So where's the medic cartel social token? It is sitting in Chile. So it's chilly tokenism on a cartel social looking and yeah, we're talking with this earlier how, you know, a year ago. We had this sort of mentality or you know, we had this conception of what was going to be huge which is like social tokens. You know, I got to Jess. I'm sure you guys were on that same wave and I

think one thing to dial Community, kind of missed was like everything that happened with these pft's, and I'll let you know. We do argue that actually these pfp communities are actually Dow's. I think that one of the things go so this is might be a little bit controversial, but I think what we miss as we focus on Dallas and organizing that I think the pfp communities that they really get is they have this in nascent sense of MarketWatch. Actually, it's quite fascinating, you buying to a pfp. Right? And, you know, you're all kind of chilling doing your thing, like,

why they stealing. But that is part of it, because everyone, there is always kind of making this implicit decision as a price of that pfp is going on. Why am I still in this community? Right. It's like the whole Netflix or Amazon or Zappos. Here's $10,000 to quit. And everyone knows everyone else has that deal, but just imagine on a daily hourly basis that price going off. So you get into something, you know, when you bought it for like maybe half a detour Annies.

Now, it's like we're significantly more. And so now you're like, okay. Do I just sit here? What would do I join the two to make it kind of like what's going on? And you need that back pressure, right? There's no voter apathy and his pee if he does that are going up cuz you have that back pressure. I think these are the things that we in terms of Doubt. Not need to think about how do you run organizations Better from like a web to perspective, but looking at these native web3 communities and what can you learn? I think that needs to be kind of incorporating it down. It's almost

like, Being an understanding and just buying into this. Hold down narrative from like 2016, 2017, with the Dow, you kind of get blinded to what's happening with PSPs right now, and that's why I think I'll get off my soapbox these pfp communities. What's so great about them is because they know they can eggs it. They're participating making conscious decision and you see good morning. Good morning. Good morning. Good morning. Like you see everyone being so like positive. And I think like, you know, if your, if you are in an

online community long enough, it just kind of degrade to the kind of lowest common denominator, especially as it gets bigger, but like, we did see a few communities. It's that buying it and skin the game that helps solve it. So you have this like trustless asset. From like a, you know, no middleman and it's all stuff Sovereign and it's just trustless assets. That actually can maybe solve for Trust online. So it's like, it's that that unlock and I think when it comes to Dows, we need to incorporate those type of mechanics

to keep that pressure of people in it. Maybe a doubt isn't just a better way to vote. It's just a different way to connect completely organized and I think we're going to see these emergent behaviors in the future, and what I would implore everyone, when we're thinking about, Dowd out, tooling, whatever it maybe, try to keep an open mind in terms of like what's happening here because the market is saying something. It is amazing. Is it 2017? Ico thing all over again? Or is it fundamentally something different? Are there little morsels, right? Like, you know, a bunch of cans of

2017 but there's some really great project that came out of it. So what can we learn here? Instead of casting the kind of baby with the bathwater kind of thing. So I think we need to make sure and dolls that were not just doing things that work because they work and like stop trying to innovator. You don't think outside the box and you know that I think the logic of the community falls into this in general and I think this is kind of the other side of the coin. Did, you know, what's not so good with these p f t project than even, you

know, Dallas is, you know, this whole 10 kpft job, you know, Playbook work really? Well. Tyrone, just hyper focused on doing that and like, milked it to the extreme. You know, you have, like, it just like I see. I was right. Someone figured out a token sale on chain works really well. And Forgot about like we forgot about any other future Innovation, you could do it tokens and just you know, Tunnel Vision on, let's do ico's and everyone just did ico's and no one did anything beyond that because I feel good work so we can have this tendency to fall back on things that work and not move past

them to experiment. And that, that desire to experiment and Dino break things. Do new things, think, outside the box and not get stuck in the way things are done. Right now is really important for moving forward and, you know, just like that dog communities. We kind of rethinking our own ways and missed what these guess he tries to do in d.c. Ft projects. They got Tunnel Vision on those. So I think it's always about felching these things out for what's the gold that gold tanning, right? You want to you want to send out all the all the dirt and find the golden then, you know, bring all

the pieces that go together and you can maybe have a gold gold bar by one point. So, yeah, I think making sure we take the learnings from those communities and applied in Dows, and then also give our learning some dollars into those communities. So we can talk about this and matter fact, you a lot actually like, a matter fact, I think it's like, you know, one of the like that was in the Dallas place. That is kind of charge anymore of this cultural aspects of like, you know, what I'm doing yet. He's building much right? Which is in a way, the same thing. It's like

you're dressing up your own character. This is your year, you know, different traits on the marriage and stuff. So we thinking what it would like a mad about your pfp project look like, and we realize that, hey, you know, we should probably make it. So your pfp is a representation of your actual contributions in and out and the things that you uniquely did. So, if you guys are familiar with deep doubt, they cannot swear that shows all your dollar activities, have any nausea part of proposals have been in things like that, you know, so what is your deep? The score was a trait on a 9ft.

Rarity of it. And so it adds a lot more stops since these things. But you know, this is that criticism is ECFE project so I can only suggest jpegs and you'll do the people just kind of like pumping update like productive value being created here. And I think once you bridge that with like identity and reputation and credentials, right like adding a verified way to stay like. This guy is a dope ux designer and he's done all these projects and you know, it's a pre-wedding things like signatures isn't enough to you to represent that, you know, we can start to mix together. The things I work well

with the cultural nft pfp projects, with a productive. Do you know output and making different than changing things? And I think, yeah. I like, I'm really kind of the intersection of all those in. We've learned a lot of lessons in the last few months, with all this. And I know a lot of people like had done building. So I think, you know, three to six months from now, it'll be a lot of really Stop where he thinks our to like Collide and collapse. And, you know, leave right now, people have kind of just been running around in the open field

and weave, like, you know, Trace. Some pots. And it sounded like turn those pots into roads, you know, the beaten path into like public infrastructure and Roads into letting you know, Play books. And you know, I think La blind for example is a is an amazing Road, you know, where it for the ecosystem. In the more we start to build these little Atomic building blocks that you can compose off each other. The better off we'll be in, you know, none of these and we can learn a lot from defy to cuz I think defy really showed the power of building in the modular way.

And you know, it rating from, you know, simple primitive. So, you know, we started with the RC 20 and then we had shape-shift and then we had either Delta and then we had you need Swap and then we had compound and then we had to learn and then we had You know, all these things that belt off each other. You couldn't have built urine in a silo outside of the compound and you need to go out and having all these other things to build on top of. So, you know, we are color-blind. We have like, you don't matter, Factory and coordinate, and sore, spread and all these like, building blocks

and I'm really excited. Cuz that that's like the first leader bailed out now. And now there's a lot of really awesome stuff being built, you know, composing these things and we're going to use that to progressively, get into like, more and more complex systems that scale much better and start to put a lot of the best thinking in each of these different fields into one. So it's no longer like, oh, this is the defy crowd of this is the, you know. All crowding us then if he cried, we all just kind of start to call us and cross-pollinate and it's just the web T crowd. Yeah. I think that's

kind of happening. Now. This is why I would urge everyone. Like, if you are serious about a dow going to one of these p, f t project and just just buy a PSP and get into a token gay to chat. Because they're Don't understand as majority of them. They're like, oh I'm going to stop and get a chat. I'm just going to get a boat. Bots in here. That's good enough for me. They don't know. Like on team building off hand voting. They're like trying to figure this out themselves. And I think this is that that inflection point where we can leverage and build off of each other and in terms of like what

we're talking about here today, for example with like identity, what they're doing is they're like, oh I see this like a disk or handle in one token, get a chat mod in that group is now a mod in here. So just really easy just not on chain Identity or anything like that. Like okay. This project has some type of signal that's a bit more legitimate. So I'm going to and that's how I honestly look at it because it's just so many p. F t project. Now, they're launching that I talked to like know which is like legitimate, which is not and it's really about the people that are in there,

especially the mods in that and the Cortina for start. So you can trace lineage from like a crypto pump to a board. Would you like a wild woman excetera and you like? Okay, I'm going to watch these people and see what they're doing and see what projects that they're coming up with. Right? So like I think it's World women. Actually they have this Revenue share. So if you buy aspirin pfp, all the secondary sales, I think you have to have like a a gold necklace or something like that. You part of that club and then you earn revenue and then they're like, okay, what do

we do with this? And they just have to do a multiplex. I think it's happening right now. And I think inevitably this is especially this means ppfp project, they are doubtless because what is going to happen once you're in my perspective and get a chat that's like minimum viable dollar right there, right? You just need to get the the holders together and then you start the siding on think. So I think Dow's are going to be an inevitable here, and I don't know if it's going to look like what we think. Looks like, so that's all I'm saying and I, and there are ways that they're

solving for voting and ways that they're solving for identity because it's needed, but it's far from ideal. So I think this is the opportunity in terms of being able to like keep an open mind and understand. Okay, where is it's going? And what tools? We need the tools now, so I think this is the exciting building part, but it's not coming in the right part of the cycle. Cuz a lot of building happens in the bear market right now. That's why I said something else to consider. Yeah, I think like another class of nfts

that are going to be much much more important than people think. Or like most people think, is stuff like Co-op support, I think is really powerful because it's like a cryptographic trace of who you were with that one place at what time and that's incredibly powerful information for civil resistance ride. For you know, what reputation, like, social graph sand circles? And, you know, it's amazing cuz it's the first is just about having the day that they're so with all apps. Like, right now we're in like the data collection phase almost where we were trying to Matthews. I was

all these events. We went to the lfl, have to. I'll see these guys were there and you guys weren't there and then if she's not about like, how much is this worth? How much can I sell it for its way beyond that, you know, y'all going to want to sell your pull out of the way you've been cuz that's like so unique and specific to you and you when I pull up my list of Polo outfits, like a bookmark for like everywhere I've been in, you know, major events that have been to in like you're turning point in my life even. So it has much more significant meaning and the more we can start to like

collecting those off to stay. So, you know, we can start using these as like the resistance mechanisms. So even the like we're experimenting with this with chili right now, if you guys haven't seen, there's a bunch of NF. Heavy cloud with a bunch of artists with 4 M Khan. So it's in the M conch out. I think a link to the Open Sea page. There's a bunch of auctions happening. The metal Factory event tonight, dachshunds are going to close off that. We might have some in person auctions to like standard, like Henry style, which is pretty cool. I was saying, like, we should not be afraid of more

physical stuff, cuz I really need open. See when we're not in person, when one person is so much at such a rich experience, just like being at all, but this much, I love it. This much. You know, what? Just do it that way classic. So, yeah, and I think, you know, we can use these entities as like, these are people who are here and it's, it's our responsibility now to then expand on this universe and like make give more minutes is enough to use. Right? If you see Paris, you might have gone to Golden Shelly card, right? And we don't know what we're going to do with them at that. Probably just

knew that they were cool and was going to give him out. But now we're like, okay. Now I know when it comes to a matter, fact, you have any was golden chili card? We can just give them free merch. At the park for being part of the community in August does emergent. And you can just like build and sentence for each other and use these nft. That's like a selling point or like it's like the interphase and which we cannot talk with this. Right? So like, and if you have been really focused around like art and like attaching an image to a token, but it's it's way bigger than that. You know, I

think I know if these are way bigger than in any year z20, because almost all of life's experiences interactions and relationships are non-fungible, right. Like, my relationship with Tonya is not fungible with, like, my relationship with me, or Drew, or anyone also not in that way. I think. Once we, once you go into the NFC bear market and people actually build and innovate, then maybe we'll have a lot of days, Richard meaningful, you know, non-monetary to that's the cool part. I think we can have non-transferable enough to use that. Have some monetary value in terms of like you

unlock access to opportunity. Can you unlock the extra perks? And you know, so it does have some monetary thing, but it's not about speculation of the outside itself and said the outside is like a, it's a passport into a community. It's like, you know, something recognize that you were a part of something. And yeah, there's just so much to build here. And I think that the key thing is, is not letting any existing Notions or concept of structures. In her mind about these things, dictate what we designed in the future and I didn't myself to wear, when I was first coming into this

space. I was way more creative and I had way better ideas than I do now, because now, I'm like way too deep into it. And I'm just talking the same people and having the same conversation is like, you know, every day. And I'm not coming from that fresh Minds that anymore. So bringing new people with like fresh ideas who don't have the, you know, wired up concept of how things are supposed to be because they just been like spending all day in crypto, Twitter, you know, which is really bubbly in like really kind of clicky. In a lot of ways, I think we'll start to expand Beyond then. You see

it happening now, especially with nothing on the ground stuff, where you able to connect with people in the whole other level on the Feast of you saw, it does. It's like immersion Dow Circle that happened in the street last night, where maybe like 50 people or something. I don't know how many in this huge circle in the middle of the street and he was walking by looking at it. Like it's huge circle. If you play what's going on and something we've been stopping by tonight. I want to like Catch The Vibes here, like what's going on and dislike emergent coordination. So I think, you know,

hitting that layerzero actually going out, riding Dallas to like run events in cities and you don't have to lie to you think he's doing awesome stuff and am, I think this event and everything going on here really inspired us to touch on this more. And you know, I kind of Slow things down a bit, but I think it was good in a lot of ways cuz they helped us innovate on how we connect online. And for me, I think the idea of a she was like 80% remote online and 20% in person or we can like connecting sink on the hive high-bandwidth basis. And then most of time, you can let go back. Head down work

and build. Yeah. I really want to know how many people are in. At least one doll. Better be more than one. So it's like you're in one and then you're just pulled into like a bunch of others, right? So is Cooper though and bring the conversation back to Identity? Like if you're part of one now, like do you start again in another like do you have to build up? There's a different context that kind of weed, figure out like, okay. I'm part of something. So, Dad out for this long and then I joined this towel is like, is that appropriate to like think about so

that when you're in your fourth or fifth. I mean one or two thousand kind of full-time for me, really? Like if you want to like really be into it. It was just like, all right. I really want to join this other gal, but then I'm going to start feeling like brownies that the appropriate thing for every single day, or how do we have this? Like when we talked about identity, you know, kind of portable or what does that mean? Because you have a whole different set of ethos vs. Dolby, but then maybe there's a filtering or something. And how do you move that across to you? So I think

we're starting to experiment with this and like, so the medical system of do. So in a raid, goes, ding an awesome job with like onboarding new dobs and designers. And, you know, going to be on that until I Community people in Discord mods. And, you know, manufactory is also bring in a bunch of artists and fat people in the fashion industry creative and we're connecting him with a project to clap on and ready to go. Like sending dap. So we're all cross-pollinating and I think the way that was going to compete Organizations is that they can provide things. They can pay people and things are

non-monetary. So, if you have a way to stay in metal Factory, for example, some artists come does a job with us. Like they got a cryptographic record autopsy or address that they did this work on this project. And then same as regular, we have like a structured way to say this person did this many raids and they do design work. And these are people at their workplace and this is how they raided their work. And this is a feedback that they gave each other and we have these, I extracted ways of engaging with each other and record this data, then all the work that I do in Radiology is then like

instantly transferable in a lot of other places and it can be recognized, you know, so I think in that way, we can create these standards and to allow people to build up their credentials and their portfolio. So even if you don't get paid for the getting paid by this on chain, verifiable proof that they did this work, which is really Bible. And they can open up a lot more opportunities from the future. So how do you do it? So that it doesn't get become a weaponized. Like, what's the Black Mirror scenario of that? I think that's part of the kind of downside of identity and why

people are already lightly. I think, the key for that is like, we're not trying to have some sort of global identity. Right? It's like we're just using what we directly need. So like manufactory Andrade Guild directly need. These two are not going to build it for everyone, rebuilding it for us first. So we need ways to recognize that. These are the artist that worked on these drop. So when they can apply to work on new jobs, that people can see that they did this. So it's it's within this community, right? People who care about that information will see it and can access it and can choose

how to Value it, right? Like maybe someone doesn't think manufactory. If you work on the matter. Fact you drop it's not worth anything, right? And I'll talk to them bacon like, reject their own values, and believe. So, what something is worth into the thing that the talking about in different communities in different circles will have their own. You know, reputation Network systems or whatever works for them within their specific Community, Practice, or beliefs or whatever they need. Then I think, you know, we still lived in and grown up in a centralized world. So we have this like

mentality that we need to that come up with something that works for everything and what it's going to be. Just one Central identity standard in this one, Central reputation system and you know, it's going to be sanitized. It pops everything. You don't need that. We just need local zones and standardized across those and then go from there. Like, build what you need right now and what people want to use right now and don't try to over design it and just hit her 8. I think that's all I got there. Yeah, I

just walk down the street. And I talked to someone at this conference, and they're like, oh, yeah, I'm bought into Dallas. Where do I start? What do I do? Yeah. Yeah, I think it was a lie on Twitter that was talking about the future is going to be like agents on chain agent. Could be an individual. It could be a doubt. It could be a composition of many dhows. But gnosis what they came up with zodiac is awesome for this to it creates the the kind of infrastructure to

build not necessarily like these like, islands of dolls, but networks of dollars where there's not really any strict boundary between one down another and we have these ways of creating connective tissue between different organizational blocks. So, right now we still have this, I go manufactory is at the house and he's all the people working for matter. Fact. It was not really the case manufacturers, like has touched all these areas and just people that overlap with manufacturing ready to go to the medic are telling all these other communities in. It's not, it's not really that wild Define and

it's much more loose and structure but also, Dick is deconstructed but still organized in a peer-to-peer way, right? Instead of like, oh, here's manufactory. I want to go through metal Factory tomorrow. So he was on the ground or a lining under the metal Foxy Brown and working with each other and it's open information lesson. Anyone can be a part of the journey, right. Kind of delineating even between what's a person with the Dow like you have a general. This is a entity or agent in the system and it might even be in the

aisle one day. Write the vision becomes like the the API that you program with in terms of Life Dolls compensating people or other dolls are creating positive. Some operations talking swaps. You know, that there's all these like Cool Tools. We can build to have structured inside of lineman with token to my nephews and stuff without an agent. Yeah. Yeah, I think that this is kind of this next version of evolution when it comes to just like voting, we talked about a quadratic voting versus,

you know, some type of conviction voting Quorum base in the mechanics of that. Now to like, really what it's about is like humans at the end right? Like in coordinating together. Yeah. Yeah. Yeah. I think we're almost that time. So, that's the question. You can do a question and then close it off. Any questions? Alright. Thank you.

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