WEBVTT 00:00:00.000 --> 00:00:01.540 Hello, everyone, and welcome back to episode 00:00:01.540 --> 00:00:03.680 eight of the Blockchain Bay podcast. My name 00:00:03.680 --> 00:00:06.040 is Chris, and today I am joined by Steve Ennis 00:00:06.040 --> 00:00:08.960 from MyGeoTokens. Steve, welcome. Hey, Chris, 00:00:09.060 --> 00:00:11.660 thanks for having me. So I heard a little bit 00:00:11.660 --> 00:00:13.539 about your project, and we can get into that 00:00:13.539 --> 00:00:14.919 in a few moments, but I want to know a little 00:00:14.919 --> 00:00:16.839 bit about you and how you got into the crypto 00:00:16.839 --> 00:00:18.839 space and your background. So I guess we can 00:00:18.839 --> 00:00:22.429 start with that. Sure. So a little bit about 00:00:22.429 --> 00:00:26.269 me. I'm a little bit older for the crypto space. 00:00:26.410 --> 00:00:27.949 Most of the guys I end up talking to are a lot 00:00:27.949 --> 00:00:31.210 younger than me, but I'm 42, almost 43 years 00:00:31.210 --> 00:00:35.210 old. So I do have quite a work history. I worked 00:00:35.210 --> 00:00:38.270 18 years for a company in Canada called ATS Traffic. 00:00:38.530 --> 00:00:41.929 And this was a traffic company, Canada's largest 00:00:41.929 --> 00:00:44.509 traffic company. They did everything from making 00:00:44.509 --> 00:00:47.490 signs to setting up work zones to designing work 00:00:47.490 --> 00:00:50.429 zones. And I essentially did everything for this 00:00:50.429 --> 00:00:53.710 business. What I was doing the last five years 00:00:53.710 --> 00:00:59.030 there is I was working as EVP of business development 00:00:59.030 --> 00:01:04.379 for them, but then I wanted my own P &L. I wanted 00:01:04.379 --> 00:01:06.659 to run my own business, so I came to them with 00:01:06.659 --> 00:01:09.659 the idea of creating a new business called IntelliTraffic, 00:01:09.780 --> 00:01:12.120 which was going to be the technology division 00:01:12.120 --> 00:01:15.540 of ATS Traffic across Canada. So this is what 00:01:15.540 --> 00:01:19.299 I did there. I started it, hired up, took on 00:01:19.299 --> 00:01:22.799 a bunch of big projects to start with, and grew 00:01:22.799 --> 00:01:26.540 pretty quick. I think we went from zero to $10 00:01:26.540 --> 00:01:30.340 million in revenue over those five years. $10 00:01:30.340 --> 00:01:34.640 million per year in revenue. But I've always 00:01:34.640 --> 00:01:37.200 known I needed to be an entrepreneur and work 00:01:37.200 --> 00:01:39.799 for myself, be my own boss. This was always in 00:01:39.799 --> 00:01:43.840 the back of my mind. So I quit my job a little 00:01:43.840 --> 00:01:47.739 over a year ago and I had some ideas in my head 00:01:47.739 --> 00:01:50.159 and some things I had already started in conceptualizing 00:01:50.159 --> 00:01:53.400 my geotokens being at the top of the list. So 00:01:53.400 --> 00:01:58.700 I left my job in December of 2022, moved to Mexico 00:01:58.700 --> 00:02:02.519 for six months starting January 2023. And started 00:02:02.519 --> 00:02:08.939 to build my geotokens. And here we are today. 00:02:09.060 --> 00:02:12.580 My geotokens is primarily, it's a geospatial 00:02:12.580 --> 00:02:16.120 -based Web3 application. And my appetite for 00:02:16.120 --> 00:02:18.819 geospatial and my experience working with geospatial 00:02:18.819 --> 00:02:21.780 came from my time at ATS Traffic. In the sense 00:02:21.780 --> 00:02:26.159 that I had built a piece of software that we 00:02:26.159 --> 00:02:28.419 were selling to municipalities called Reflector. 00:02:29.020 --> 00:02:31.460 And this was an asset management platform whereby 00:02:31.460 --> 00:02:34.740 a city or a municipality could manage their publicly 00:02:34.740 --> 00:02:38.340 owned assets, publicly owned assets, meaning 00:02:38.340 --> 00:02:40.639 things that the taxpayers paid for. So guardrail, 00:02:40.699 --> 00:02:45.219 fire hydrants, signs, you know, anything that 00:02:45.219 --> 00:02:47.939 needed to be managed that the public had paid 00:02:47.939 --> 00:02:51.060 for. So I started to love maps. And really what 00:02:51.060 --> 00:02:52.819 you do is you identify all these assets on a 00:02:52.819 --> 00:02:54.340 map and then you'd be able to click them and 00:02:54.340 --> 00:02:56.599 manage them that way. So I started to understand 00:02:56.599 --> 00:03:00.699 the power of maps. And then, you know, my brain 00:03:00.699 --> 00:03:04.060 started going wild in thinking that, geez, we 00:03:04.060 --> 00:03:06.800 could combine maps with digital collectibles 00:03:06.800 --> 00:03:10.960 or NFTs to create an absolute ton of use cases. 00:03:11.280 --> 00:03:16.680 Pokemon Go for NFTs or Geocaching 2 .0. Depends 00:03:16.680 --> 00:03:19.539 on the age of my audience, but I'll typically, 00:03:19.620 --> 00:03:22.659 you know, hit him with one of those two one -liners 00:03:22.659 --> 00:03:25.280 to kind of tell him what we're up to. But there's 00:03:25.280 --> 00:03:28.419 a basic background of... how i've been spending 00:03:28.419 --> 00:03:31.919 the last 20 years of my life that's great yeah 00:03:31.919 --> 00:03:33.960 when i first heard about my geo tokens and i 00:03:33.960 --> 00:03:35.979 was looking at like the real world use cases 00:03:35.979 --> 00:03:39.800 it kind of blew my mind i remember when nfts 00:03:39.800 --> 00:03:41.599 were first coming out and it was pretty much 00:03:41.599 --> 00:03:43.659 you're just buying it and no one really knew 00:03:43.659 --> 00:03:45.840 what it was everyone's like oh it's just a jpeg 00:03:45.840 --> 00:03:48.560 uh like i can just take a screenshot of it and 00:03:48.560 --> 00:03:52.360 i have the same ability to own it but the use 00:03:52.360 --> 00:03:55.669 cases that you provided were were insane so do 00:03:55.669 --> 00:03:57.150 you want to talk about some of those a little 00:03:57.150 --> 00:04:01.129 bit um i saw there was like for concerts and 00:04:01.129 --> 00:04:05.449 for events you can just kind of map out a venue 00:04:05.449 --> 00:04:08.310 and have people redeem that for either a discount 00:04:08.310 --> 00:04:12.830 or some sort of free merchandise sure yeah the 00:04:12.830 --> 00:04:15.830 use cases they're they're mind -blowing and you 00:04:15.830 --> 00:04:18.149 know when you're really the team really gets 00:04:18.149 --> 00:04:21.079 into talking about the use cases it's um They're 00:04:21.079 --> 00:04:22.920 really never ending. But, you know, to go through 00:04:22.920 --> 00:04:24.939 a few, I would say the use case I like talking 00:04:24.939 --> 00:04:27.540 about the most because a lot of people, especially 00:04:27.540 --> 00:04:30.860 in North America, understand what this is all 00:04:30.860 --> 00:04:33.779 about is, you know, Dave Portnoy and his one 00:04:33.779 --> 00:04:38.019 bite pizza reviews. So, you know, if we if we 00:04:38.019 --> 00:04:40.120 think about are you familiar with that, Chris? 00:04:40.360 --> 00:04:44.740 Yes. Yes. So Dave goes around from pizzeria to 00:04:44.740 --> 00:04:47.860 pizzeria, one bite. Everybody knows the rules. 00:04:47.920 --> 00:04:49.860 He goes and he buys a pie, comes out to the street. 00:04:50.509 --> 00:04:55.709 um he he basically grades it um how good is the 00:04:55.709 --> 00:05:00.149 pizza but but this this use case perfectly uh 00:05:00.149 --> 00:05:04.189 shows this synergy between influencer business 00:05:04.189 --> 00:05:09.329 and customer um so you know let's say that dave 00:05:09.329 --> 00:05:12.709 um comes out to the to the street and when he 00:05:12.709 --> 00:05:16.160 does he drops an nft and you know when he does 00:05:16.160 --> 00:05:18.879 this or one of his staff drops this nft and it's 00:05:18.879 --> 00:05:21.040 a branded nft it's got dave's brand on it the 00:05:21.040 --> 00:05:24.279 one bite brand uh it's got the score that's already 00:05:24.279 --> 00:05:26.160 on there and you can drop this in real time once 00:05:26.160 --> 00:05:29.259 you know the score um but let's say he drops 00:05:29.259 --> 00:05:33.120 500 of them and let's say they are a hundred 00:05:33.120 --> 00:05:37.139 dollars each um and The platform doesn't determine 00:05:37.139 --> 00:05:38.939 any of the utility or the value of the NFTs, 00:05:38.980 --> 00:05:41.339 but Dave can determine this in collaboration 00:05:41.339 --> 00:05:43.240 with the pizzeria. So let's say everybody who 00:05:43.240 --> 00:05:46.600 gets one of these NFTs is now entitled to a 10 00:05:46.600 --> 00:05:50.139 or 20 % lifetime discount off pizzas from this 00:05:50.139 --> 00:05:54.360 particular pizzeria. The geofence that Dave or 00:05:54.360 --> 00:05:56.279 his staff would draw would be the pizzeria itself. 00:05:56.439 --> 00:05:59.680 So you actually have to march down to the pizzeria 00:05:59.680 --> 00:06:03.240 in order to pull down, swipe down, and collect 00:06:03.240 --> 00:06:04.939 your NFTs. So you actually have to be there. 00:06:05.500 --> 00:06:08.800 to get the NFT. So how does this work for everybody? 00:06:09.699 --> 00:06:12.699 Well, it works for Dave in the sense that he's 00:06:12.699 --> 00:06:15.639 selling the NFTs. So he's making the money off 00:06:15.639 --> 00:06:17.939 the NFTs and creating a more immersive experience, 00:06:18.420 --> 00:06:21.480 marketing experience for his followers, adding 00:06:21.480 --> 00:06:24.980 something new. It works for the pizzeria, for 00:06:24.980 --> 00:06:28.439 the business, in the sense that they're generating 00:06:28.439 --> 00:06:30.819 a bunch of additional publicity and foot traffic. 00:06:31.529 --> 00:06:33.629 Because people need to be at the pizzeria in 00:06:33.629 --> 00:06:36.829 order to collect the NFT. And then once they 00:06:36.829 --> 00:06:39.310 have that lifetime coupon, they're probably going 00:06:39.310 --> 00:06:41.850 to be drawn to ordering a lot more or almost 00:06:41.850 --> 00:06:44.009 exclusively from that pizzeria moving forward. 00:06:45.050 --> 00:06:48.769 And it works perfectly for the customer in the 00:06:48.769 --> 00:06:50.550 sense that maybe they're already buying lots 00:06:50.550 --> 00:06:52.250 of pizzas there anyway. And now they're going 00:06:52.250 --> 00:06:53.529 to be discounted. Maybe they live around the 00:06:53.529 --> 00:06:56.529 corner or a couple blocks over. And this is their 00:06:56.529 --> 00:07:01.180 preferred pizza joint anyway. they're going to 00:07:01.180 --> 00:07:03.740 save money in the long run. Plus they're going 00:07:03.740 --> 00:07:07.019 to be pulled into the world of web three, you 00:07:07.019 --> 00:07:09.300 know, potentially without, without even knowing 00:07:09.300 --> 00:07:12.540 it. And at some point of some point in this interview, 00:07:12.600 --> 00:07:14.779 we'll talk about the minting on demand concept 00:07:14.779 --> 00:07:16.639 and how that's going to allow us to onboard a 00:07:16.639 --> 00:07:19.079 bunch of people without even knowing it. Yeah. 00:07:19.779 --> 00:07:21.839 No, that's, that's the first, that's the first 00:07:21.839 --> 00:07:23.699 use case is the, you know, the Dave Portnoy, 00:07:23.779 --> 00:07:27.220 the Dave Portnoy and the, really it's a small 00:07:27.220 --> 00:07:30.819 business use case. I really think this is going 00:07:30.819 --> 00:07:33.420 to be, MyGeotokens can be sort of a next -gen 00:07:33.420 --> 00:07:37.699 couponing loyalty type platform, marketing platform 00:07:37.699 --> 00:07:41.600 for small businesses. You know, a bakery has 00:07:41.600 --> 00:07:44.240 a bunch of product from the day before that they 00:07:44.240 --> 00:07:46.639 want to sell. Maybe you have to be down at the 00:07:46.639 --> 00:07:49.100 bakery by 10 a .m. in order to collect your coupon. 00:07:50.360 --> 00:07:54.240 I, you know, 50 % off bread. Or maybe there's 00:07:54.240 --> 00:07:58.180 a, I'm in Mexico right now, so I'm looking at 00:07:58.180 --> 00:08:00.439 some, Parked boats, you know, maybe there's a 00:08:00.439 --> 00:08:04.660 booze cruise where, you know, if you're there 00:08:04.660 --> 00:08:06.600 by noon, you can go down and you can swipe down 00:08:06.600 --> 00:08:11.240 and collect the NFT, which is a coupon for the 00:08:11.240 --> 00:08:13.399 booze cruise that day. You know, we sort of envision 00:08:13.399 --> 00:08:16.120 people on vacation waking up, pulling up the 00:08:16.120 --> 00:08:18.600 MyGeoTokens map and saying, what's going on today? 00:08:18.899 --> 00:08:22.139 Where can I go to collect either something cool, 00:08:22.279 --> 00:08:24.620 whether it's just, you know, art. And we do envision 00:08:24.620 --> 00:08:26.839 a lot of artists and influencers and stuff using 00:08:26.839 --> 00:08:29.939 this to just drop cool stuff. But maybe there's 00:08:29.939 --> 00:08:32.019 businesses, maybe there's deals to be had. So, 00:08:32.080 --> 00:08:34.580 you know, that's kind of the small business use 00:08:34.580 --> 00:08:40.919 case. But, you know, other use cases, let's talk 00:08:40.919 --> 00:08:44.399 about events. We envision the first 100 ,000 00:08:44.399 --> 00:08:47.940 users for MyGeo tokens coming on via event collaboration. 00:08:50.340 --> 00:08:57.179 So the percentages, the conversion rates, I suppose, 00:08:57.200 --> 00:08:59.960 are staggering. For people that are at an event 00:08:59.960 --> 00:09:02.159 and, and in the zone, I mean, it's the same reason 00:09:02.159 --> 00:09:06.220 we, we come home with a, with a hoodie, a hundred 00:09:06.220 --> 00:09:08.200 dollar hoodie from, you know, every concert that 00:09:08.200 --> 00:09:14.399 I go to. You're, you're there and you're fired 00:09:14.399 --> 00:09:17.000 up and you're ready to buy, you know, anything 00:09:17.000 --> 00:09:20.820 that's almost put in front of you. So how the 00:09:20.820 --> 00:09:23.340 event, how the events work is, you know, picture 00:09:23.340 --> 00:09:27.200 you're a big DJ. I'm close to Tulum right now 00:09:27.200 --> 00:09:29.620 in Mexico, so I always think of the Zamna Music 00:09:29.620 --> 00:09:33.899 Festival and what could be down there. Let's 00:09:33.899 --> 00:09:35.899 just talk one DJ right now. It's the last song 00:09:35.899 --> 00:09:39.240 of his set. He has these big screens up beside 00:09:39.240 --> 00:09:42.440 him, or she has these big screens up beside them. 00:09:43.899 --> 00:09:47.019 They've been displaying cool art. um and you 00:09:47.019 --> 00:09:49.700 know basically a brand all night let's say that 00:09:49.700 --> 00:09:51.679 they have an interesting way of throwing up a 00:09:51.679 --> 00:09:53.940 qr code maybe the qr code spins and then slaps 00:09:53.940 --> 00:09:55.840 against the screen and everybody in the audience 00:09:55.840 --> 00:09:58.759 has a chance to take out their phone uh scan 00:09:58.759 --> 00:10:01.899 the qr code what that does is it opens my geo 00:10:01.899 --> 00:10:05.580 tokens uh progressive web app uh they need to 00:10:05.580 --> 00:10:07.440 prove that they're a green dot in the red geo 00:10:07.440 --> 00:10:11.159 fence the geo fence has been set by the DJ. And 00:10:11.159 --> 00:10:14.159 you can do this in real time or you can schedule 00:10:14.159 --> 00:10:16.679 drops. So you can do this in advance of when 00:10:16.679 --> 00:10:19.600 you're actually up there. But you can make it 00:10:19.600 --> 00:10:22.679 so that this is available at midnight on Saturday 00:10:22.679 --> 00:10:26.100 sort of thing. But you scan the QR code, prove 00:10:26.100 --> 00:10:27.539 that you're a green dot within the red fence. 00:10:27.919 --> 00:10:30.399 If you are, then there's an opportunity to pull 00:10:30.399 --> 00:10:33.549 down and collect. If you're not, you can... sort 00:10:33.549 --> 00:10:35.870 of navigate and see as you're getting closer 00:10:35.870 --> 00:10:39.529 into that red fence the fence can be a vip section 00:10:39.529 --> 00:10:43.070 of a festival or concert or venue it can be the 00:10:43.070 --> 00:10:46.889 entire venue itself um and it can be paid or 00:10:46.889 --> 00:10:49.309 it can be they can be a hundred dollars or they 00:10:49.309 --> 00:10:53.269 can be free also uh that was my next question 00:10:53.269 --> 00:10:55.610 was whether or not you can just airdrop them 00:10:55.610 --> 00:10:59.750 or charge people so yeah you can you can charge 00:10:59.750 --> 00:11:03.639 people uh you know we take we take 20 it's one 00:11:03.639 --> 00:11:07.240 of our revenue streams my geo tokens uh we take 00:11:07.240 --> 00:11:10.200 20 of all revenues collected on the platform 00:11:10.200 --> 00:11:15.639 uh or you can uh or you can drop for free um 00:11:15.639 --> 00:11:17.940 you can allow people to pick up for free but 00:11:17.940 --> 00:11:19.860 there are there is a charge to that on the back 00:11:19.860 --> 00:11:23.919 end for uh the dropper because there is there's 00:11:23.919 --> 00:11:26.559 there's costs doing that right and to for us 00:11:26.559 --> 00:11:29.039 to facilitate that but you can you can create 00:11:29.039 --> 00:11:31.240 drops that are free for people to uh to collect 00:11:31.240 --> 00:11:33.779 i wanted to talk a little bit more about that 00:11:33.779 --> 00:11:35.899 fee i was reading in your white paper you have 00:11:35.899 --> 00:11:38.460 a high fee for a reason you know i've been in 00:11:38.460 --> 00:11:41.419 business long enough um i've been creating business 00:11:41.419 --> 00:11:43.340 models for a long time and there's ones that 00:11:43.340 --> 00:11:45.860 work and sustainable that are sustainable and 00:11:45.860 --> 00:11:48.299 there's ones that are not so you know this we 00:11:48.299 --> 00:11:50.379 make my geo tokens makes money in three ways 00:11:50.379 --> 00:11:53.340 uh we will take 20 percent of anything that's 00:11:54.000 --> 00:11:55.820 collected on the platform. That's the first way. 00:11:56.299 --> 00:12:00.179 Commissions, we call it. The second way is royalties. 00:12:00.580 --> 00:12:03.639 So for any subsequent sale or transaction of 00:12:03.639 --> 00:12:06.299 anything that was originally dropped on the MyGeoTokens 00:12:06.299 --> 00:12:09.639 platform, MyGeoTokens takes 5 % and the original 00:12:09.639 --> 00:12:12.440 dropper also takes 5%. So we split that 10 % 00:12:12.440 --> 00:12:15.899 royalty. And then the third way we make money 00:12:15.899 --> 00:12:19.940 is we call it the collector's club. And that 00:12:19.940 --> 00:12:25.220 is basically 5 % of the quantity of anything 00:12:25.220 --> 00:12:27.240 that's dropped. So if that DJ that we were just 00:12:27.240 --> 00:12:31.919 talking about drops 100 NFTs at midnight, five 00:12:31.919 --> 00:12:34.100 of them get auto -deposited into the MyGeo tokens 00:12:34.100 --> 00:12:41.200 wallet to be managed and sold at some point and 00:12:41.200 --> 00:12:45.399 profited off of. But what's interesting is we 00:12:45.399 --> 00:12:52.000 are a Web3 project, so we do share revenues. 00:12:53.559 --> 00:12:57.259 with our nft holders so you know we have launched 00:12:57.259 --> 00:12:59.279 our i don't know if is it a good time to get 00:12:59.279 --> 00:13:01.779 into our genesis nfts and what yeah absolutely 00:13:01.779 --> 00:13:06.659 okay okay uh so 20 of that collector's club is 00:13:06.659 --> 00:13:13.019 allotted for uh the holders of our nfts uh 20 00:13:13.019 --> 00:13:17.919 so uh the more rare the nft you hold the more 00:13:17.919 --> 00:13:22.509 um the more of that 20 % you're entitled to. 00:13:22.789 --> 00:13:25.590 If you have one of each of our five variations 00:13:25.590 --> 00:13:29.269 of our Genesis Collection featuring our guy, 00:13:29.529 --> 00:13:33.669 Geo, our mascot, the more rare, the more revenue 00:13:33.669 --> 00:13:35.470 you're entitled to. If you have one of each of 00:13:35.470 --> 00:13:40.730 the five, you can claim a Super Geo. We have 00:13:40.730 --> 00:13:43.830 33 unique Super Geos, two of which have been 00:13:43.830 --> 00:13:48.679 claimed already. This is a max rev share from 00:13:48.679 --> 00:13:52.399 the collectors club. Then we also have, uh, we 00:13:52.399 --> 00:13:55.700 also have decided to share our commissions. So 00:13:55.700 --> 00:13:57.740 that, that first revenue stream, the 20 % of 00:13:57.740 --> 00:14:01.820 anything collected, we are sharing 5 % of that 00:14:01.820 --> 00:14:07.120 with our, um, with our NFT holders. And we're 00:14:07.120 --> 00:14:11.360 sharing them equally, uh, 1 % for each of the, 00:14:11.360 --> 00:14:13.500 uh, five different variations. Now keep in mind, 00:14:13.500 --> 00:14:15.179 there's, there's more people for each variation. 00:14:15.879 --> 00:14:20.179 quantity is higher for the uh for the less rare 00:14:20.179 --> 00:14:22.519 variations but you know this is all within our 00:14:22.519 --> 00:14:25.580 gitbook so i guess the point is is that we are 00:14:25.580 --> 00:14:28.500 we are a revenue sharing project generating passive 00:14:28.500 --> 00:14:35.919 income for nft holders we do expect all of our 00:14:35.919 --> 00:14:39.179 nft holders to be part of the project And, you 00:14:39.179 --> 00:14:42.080 know, we are asking them for feedback. We're 00:14:42.080 --> 00:14:44.799 asking them to chip in on should we do this or 00:14:44.799 --> 00:14:47.200 should we do that? And we really want to pull 00:14:47.200 --> 00:14:50.600 our NFT holders even closer to the project and 00:14:50.600 --> 00:14:53.059 really get them involved and ask for feedback 00:14:53.059 --> 00:14:55.919 on every step along the way. So we do ask for 00:14:55.919 --> 00:14:59.259 a little bit of work from our NFT holders. That's 00:14:59.259 --> 00:15:02.100 great. I really like that you're leaning into 00:15:02.100 --> 00:15:04.360 the community to get some advice. That's definitely 00:15:04.360 --> 00:15:10.559 helpful. Yeah. it's kind of uh needed or required 00:15:10.559 --> 00:15:14.100 to play i feel right now is uh yeah you know 00:15:14.100 --> 00:15:17.179 especially for for nfts is the you know the idea 00:15:17.179 --> 00:15:21.320 of value and utility um is going to be this next 00:15:21.320 --> 00:15:24.100 run of nfts uh you know the first one was hype 00:15:24.100 --> 00:15:26.779 and art which i still think is cool and required 00:15:26.779 --> 00:15:31.320 i think still think nft should look cool um but 00:15:31.320 --> 00:15:34.440 uh you know yeah i mean we haven't sold too many 00:15:34.440 --> 00:15:36.600 of our nfts and we're okay with that because 00:15:36.600 --> 00:15:39.879 these are pure value there's other there's other 00:15:39.879 --> 00:15:41.639 utility to these nfts that you'll be able to 00:15:41.639 --> 00:15:42.799 see in our gift book we're going to do travel 00:15:42.799 --> 00:15:46.120 voucher giveaways uh we're going to do uh you 00:15:46.120 --> 00:15:47.860 know a whole bunch of other things but most most 00:15:47.860 --> 00:15:49.379 of the time people are interested because the 00:15:49.379 --> 00:15:50.899 revenue share and what it might mean long term 00:15:50.899 --> 00:15:55.700 yeah um but yeah it's uh we think that the sale 00:15:55.700 --> 00:15:58.200 of these things will pick up as we get closer 00:15:58.200 --> 00:15:59.860 to the builds and as we start to demonstrate 00:15:59.860 --> 00:16:05.360 to um To all the Twitterverse and all of our 00:16:05.360 --> 00:16:07.519 Discord people, how cool this thing is looking 00:16:07.519 --> 00:16:10.659 and coming along. We feel that the NFT sales 00:16:10.659 --> 00:16:15.220 will pick up even more. Nice. Do you have any 00:16:15.220 --> 00:16:18.639 of the Genesis NFTs still available? Yeah, we 00:16:18.639 --> 00:16:25.120 got tons available. There's 3 ,333 of them available. 00:16:25.960 --> 00:16:32.309 I think we've sold over 100. Okay. Yeah, so there's 00:16:32.309 --> 00:16:35.029 still lots available. And you know what? Lots 00:16:35.029 --> 00:16:38.710 of people ask, well, isn't that an NFT launch 00:16:38.710 --> 00:16:40.750 flop? Well, no, it's not. Because again, we're 00:16:40.750 --> 00:16:45.429 not a hype. We're not even an NFT project. We're 00:16:45.429 --> 00:16:49.850 building a geospatial NFT marketplace. And we 00:16:49.850 --> 00:16:54.830 have NFTs for anybody that is interested in owning 00:16:54.830 --> 00:16:57.210 a piece of the project, essentially. That's great. 00:16:58.190 --> 00:17:00.690 I saw that you guys are on the Solana blockchain, 00:17:00.929 --> 00:17:03.429 and I've been seeing a lot of companies and crypto 00:17:03.429 --> 00:17:05.309 projects move over to Solana or launch their 00:17:05.309 --> 00:17:06.589 projects on Solana. So I kind of want to pick 00:17:06.589 --> 00:17:09.049 your brain and see your thought process on why 00:17:09.049 --> 00:17:12.089 you picked Solana over Polygon or any other network. 00:17:12.369 --> 00:17:16.670 The answer to that question is threefold. One, 00:17:16.890 --> 00:17:20.869 because I honestly felt a little bit emotionally 00:17:20.869 --> 00:17:26.180 connected to Solana. i made some a decent amount 00:17:26.180 --> 00:17:29.680 of money on solano during the last bull run so 00:17:29.680 --> 00:17:32.099 i i started to be very familiar with the project 00:17:32.099 --> 00:17:35.619 um and i felt an emotional connect yeah i felt 00:17:35.619 --> 00:17:37.859 an emotional connection to solana and that's 00:17:37.859 --> 00:17:40.759 the first reason uh the second reason is because 00:17:40.759 --> 00:17:42.720 it it works perfectly for what we're trying to 00:17:42.720 --> 00:17:45.259 build it is the best blockchain for what we're 00:17:45.259 --> 00:17:49.269 trying to do in the sense that you know um We're 00:17:49.269 --> 00:17:52.170 going to have a lot of drops, a lot of NFTs, 00:17:52.230 --> 00:17:54.950 a lot of stuff moving around. So we're looking 00:17:54.950 --> 00:17:57.410 at two main metrics, transactions per second 00:17:57.410 --> 00:18:02.869 and cost per transaction and transaction fees. 00:18:03.130 --> 00:18:09.569 And Solana is leading that race right now, especially 00:18:09.569 --> 00:18:11.230 what they're doing now with these compressed 00:18:11.230 --> 00:18:13.130 NFTs. It seems to be getting even better and 00:18:13.130 --> 00:18:16.289 better. We'll continue to explore that. So it 00:18:16.289 --> 00:18:20.089 works really well. um for what we're building 00:18:20.089 --> 00:18:24.049 and the third reason would be i thought that 00:18:24.049 --> 00:18:27.509 it might be easier to stand out and grab attention 00:18:27.509 --> 00:18:33.849 as uh in a smaller community um i i also love 00:18:33.849 --> 00:18:36.549 the ethereum community and you know that's where 00:18:36.549 --> 00:18:39.029 i i i feel emotionally connected to that too 00:18:39.029 --> 00:18:42.009 that's you know the first bull run where i was 00:18:42.009 --> 00:18:45.349 in crypto is that's where it all started so um 00:18:45.349 --> 00:18:48.750 but it's a huge community The benefit is there's 00:18:48.750 --> 00:18:53.849 lots of ETH flying around. So there's more money, 00:18:53.930 --> 00:18:57.829 which is appealing also. But I wanted to try 00:18:57.829 --> 00:19:01.970 to stand out in a smaller crowd. Is there anything 00:19:01.970 --> 00:19:04.089 else you want to talk about with MyGeoTokens? 00:19:04.329 --> 00:19:06.450 We got some really cool stuff going on right 00:19:06.450 --> 00:19:13.269 now. So, you know, MyGeoTokens, we're building. 00:19:13.470 --> 00:19:18.549 We have a great team. We have Linda Stevens on 00:19:18.549 --> 00:19:20.869 board. Linda Stevens. So, you know, at the heart 00:19:20.869 --> 00:19:26.829 of it all, we're a geospatial based Web3 project 00:19:26.829 --> 00:19:31.990 where I thought we were weak on the team. You 00:19:31.990 --> 00:19:33.890 know, we got a great chief creative officer, 00:19:34.250 --> 00:19:37.250 Adrian Cooper. He is amazing. He's the reason 00:19:37.250 --> 00:19:41.190 we look so good on our website. Our, our good 00:19:41.190 --> 00:19:44.410 book, you know, our brand, uh, is, is aid and 00:19:44.410 --> 00:19:47.509 he's amazing. We, uh, we had the help of, uh, 00:19:47.549 --> 00:19:53.269 a company called mega Keck. Um, they have done 00:19:53.269 --> 00:19:55.690 amazing things for our discord and our Twitter 00:19:55.690 --> 00:20:01.630 up to this point. Um, we, but, but Linda specifically, 00:20:01.849 --> 00:20:05.029 she comes from Esri. Uh, Esri is one of the world's 00:20:05.029 --> 00:20:08.160 largest. geospatial companies. She was an executive 00:20:08.160 --> 00:20:11.940 there. She had a 25 -year career there. Incredibly 00:20:11.940 --> 00:20:15.619 smart with maps and all things geospatial. And 00:20:15.619 --> 00:20:18.140 she's a part of our team. And really what she's 00:20:18.140 --> 00:20:23.799 looking at primarily is the evolution of maps 00:20:23.799 --> 00:20:26.160 and how we can make the mapping experience more 00:20:26.160 --> 00:20:29.200 cool for the users of MyGeoTokens. We're launching 00:20:29.200 --> 00:20:31.980 with 2D maps. but wouldn't it be cool if you 00:20:31.980 --> 00:20:35.259 can drop an nft onto the 14th floor of an apartment 00:20:35.259 --> 00:20:38.400 building and you can see this all in 3d and you 00:20:38.400 --> 00:20:40.140 can see that you have to go up the elevator to 00:20:40.140 --> 00:20:44.700 get to the nft to collect uh yeah so you know 00:20:44.700 --> 00:20:48.400 i i think a lot of the uh evolution of my geotokens 00:20:48.400 --> 00:20:50.460 will be the evolution of maps and making that 00:20:50.460 --> 00:20:53.359 experience more fun and more cool and maybe we 00:20:53.359 --> 00:20:58.319 evolve into uh uh you know some vr or i should 00:20:58.319 --> 00:21:02.349 say ar um like pokemon go and maybe you have 00:21:02.349 --> 00:21:04.410 some glasses on and you can see an nft hovering 00:21:04.410 --> 00:21:06.930 in certain places there's lots of cool places 00:21:06.930 --> 00:21:10.150 we can go uh and so she's really looking at that 00:21:10.150 --> 00:21:11.730 the other thing that she's looking at is she's 00:21:11.730 --> 00:21:15.069 doing some research into location spoofing because 00:21:15.069 --> 00:21:17.650 this has been identified as one of our our risks 00:21:17.650 --> 00:21:20.930 uh i mean if it had where i'm at with location 00:21:20.930 --> 00:21:22.710 spoofing is if people are doing it to collect 00:21:22.710 --> 00:21:25.769 nfts on my geo tokens great because it means 00:21:25.769 --> 00:21:29.859 that uh you know, we're a popular platform and 00:21:29.859 --> 00:21:33.140 that people are wanting to buy NFTs, right? So 00:21:33.140 --> 00:21:36.720 I anticipate the problem happening. But that 00:21:36.720 --> 00:21:38.700 being said, we want to be aware of it and we 00:21:38.700 --> 00:21:40.779 want to be, we maybe want to be the company that 00:21:40.779 --> 00:21:44.059 figures out or partners with somebody that's 00:21:44.059 --> 00:21:46.299 already got it figured out for some anti -spoofing 00:21:46.299 --> 00:21:48.680 stuff on a transaction level. So maybe it's an 00:21:48.680 --> 00:21:52.279 extra step on the transaction that actually proves 00:21:52.279 --> 00:21:56.240 that you are. You actually are where your phone 00:21:56.240 --> 00:21:59.240 is saying you are in reference to that geofence. 00:21:59.380 --> 00:22:01.099 So she's looking into some really cool things 00:22:01.099 --> 00:22:04.059 for us. And she's been a really excellent, intelligent 00:22:04.059 --> 00:22:07.480 addition to the team. So our team is strong. 00:22:09.380 --> 00:22:11.839 You know, the other thing that I think we need 00:22:11.839 --> 00:22:14.359 is we want to be launched at the end of June, 00:22:14.440 --> 00:22:17.700 which is still a lot of time between now and 00:22:17.700 --> 00:22:20.940 then. So we've got to keep. My challenge is I 00:22:20.940 --> 00:22:22.839 need to keep everybody involved and engaged, 00:22:23.180 --> 00:22:26.539 the community that we've built so far. So we're 00:22:26.539 --> 00:22:28.480 going to show them some screenshots of how the 00:22:28.480 --> 00:22:32.059 build is coming along. But I'm also going to 00:22:32.059 --> 00:22:36.680 be building, call it a very early stage proof 00:22:36.680 --> 00:22:40.180 of concept. But I want to build a little, we're 00:22:40.180 --> 00:22:42.160 going to call it Where's Geo. And it's going 00:22:42.160 --> 00:22:43.980 to be a little game. And what it's going to do 00:22:43.980 --> 00:22:45.779 for us is it's going to generate, and we're only 00:22:45.779 --> 00:22:47.960 probably two to three weeks away from this being 00:22:47.960 --> 00:22:52.390 done. but it's going to be a very, very simple 00:22:52.390 --> 00:22:56.690 game where we're going to hide Geo in different 00:22:56.690 --> 00:22:59.289 places of the world. We're going to give you 00:22:59.289 --> 00:23:02.869 some images of where we are, almost like a Google 00:23:02.869 --> 00:23:05.470 Street View image of where we are, where Geo 00:23:05.470 --> 00:23:09.069 is. And then it's going to be a race to guess 00:23:09.069 --> 00:23:12.490 where Geo is. And everybody's going to be, for 00:23:12.490 --> 00:23:14.210 every location, everybody's going to be allowed 00:23:14.210 --> 00:23:20.559 three pins. Pins to drop, essentially three guesses. 00:23:20.839 --> 00:23:23.660 And it's a race to guess where Gio is within 00:23:23.660 --> 00:23:27.740 a one kilometer radius. So you can use all three 00:23:27.740 --> 00:23:29.420 of your pins on the first image that we drop, 00:23:29.559 --> 00:23:31.380 or you might want to wait till the second image. 00:23:31.440 --> 00:23:33.180 We're going to have one facing north, one facing 00:23:33.180 --> 00:23:36.319 east, one facing south. And the last one being 00:23:36.319 --> 00:23:40.539 sort of the most, you know, maybe it's the Eiffel 00:23:40.539 --> 00:23:42.160 Tower. Maybe we're standing beside the Eiffel 00:23:42.160 --> 00:23:44.160 Tower and that last image is facing west and 00:23:44.160 --> 00:23:46.150 now you start to see. images of the Eiffel Tower. 00:23:46.230 --> 00:23:47.829 So we're creating this game. It's going to create 00:23:47.829 --> 00:23:49.130 some marketing content for us. It's going to 00:23:49.130 --> 00:23:50.950 create some community engagement. It's going 00:23:50.950 --> 00:23:52.849 to create some logins and some signups and some 00:23:52.849 --> 00:23:54.690 early traction, which is important to demonstrate 00:23:54.690 --> 00:23:56.529 as a project as well. And I'm pretty excited 00:23:56.529 --> 00:23:58.650 about it because these are the things that we 00:23:58.650 --> 00:24:02.950 need between now and launch. So yeah, that's 00:24:02.950 --> 00:24:04.670 sort of, I guess that's a little bit of alpha 00:24:04.670 --> 00:24:09.250 for this conversation and this podcast. I'm definitely 00:24:09.250 --> 00:24:13.250 looking forward to trying that out. Yeah, it 00:24:13.250 --> 00:24:15.789 should be fun. It needs to be fun, you know, 00:24:15.789 --> 00:24:17.309 trying to, trying to make something fun here. 00:24:17.390 --> 00:24:19.529 Yeah. And really that's gotta be, that's gotta 00:24:19.529 --> 00:24:21.589 be geo tokens at the core of anything anyway, 00:24:21.730 --> 00:24:24.690 because it has to be simple, cool and fun to 00:24:24.690 --> 00:24:26.549 use. Right. That's what we're trying to build. 00:24:26.650 --> 00:24:28.769 Me and my friends, when we used to do Pokemon 00:24:28.769 --> 00:24:31.589 go, we would sit in a car and drive around all 00:24:31.589 --> 00:24:34.089 of us with the app open. So I can definitely 00:24:34.089 --> 00:24:36.210 see how this could catch some attention fast 00:24:36.210 --> 00:24:40.549 and, and gain a large crowd. For sure. Yes. This 00:24:40.549 --> 00:24:45.450 is a. I got my fingers crossed anyway. The 13th 00:24:45.450 --> 00:24:47.250 floor of the building thing? I thought it was 00:24:47.250 --> 00:24:48.849 interesting that you brought that up because 00:24:48.849 --> 00:24:52.390 the way that I thought about it is you could 00:24:52.390 --> 00:24:54.650 have people, let's say, go to the Eiffel Tower 00:24:54.650 --> 00:24:57.230 and have to go to the top or a building where 00:24:57.230 --> 00:24:59.410 you can go to the top and you have to pay to 00:24:59.410 --> 00:25:02.309 go to the top. You're also bringing revenue so 00:25:02.309 --> 00:25:05.329 you can partner with that business. 100%. Yes. 00:25:05.650 --> 00:25:10.650 The business and the collaborations are endless. 00:25:13.039 --> 00:25:16.859 The two other, I guess I'll wrap up with two 00:25:16.859 --> 00:25:21.059 more use cases if that's okay. Because I think 00:25:21.059 --> 00:25:23.180 the use cases are really what enables people 00:25:23.180 --> 00:25:25.960 to wrap their head around all that MyGeo tokens 00:25:25.960 --> 00:25:29.700 can be. So the first one is the influencer use 00:25:29.700 --> 00:25:34.660 case. Influencers are always looking for additional 00:25:34.660 --> 00:25:37.859 revenue streams, new ways to make money. So I 00:25:37.859 --> 00:25:40.700 really like... the ability of influencers being 00:25:40.700 --> 00:25:45.180 able to drop nfts uh you know cool designed nfts 00:25:45.180 --> 00:25:48.220 showcasing them or you know a brand that they've 00:25:48.220 --> 00:25:52.920 created and they can drop the uh nft uh anywhere 00:25:52.920 --> 00:25:55.579 so let's say they do a nightclub event in vegas 00:25:55.579 --> 00:25:57.500 at a big nightclub the influencer is going to 00:25:57.500 --> 00:26:01.759 be there and uh you know they create a deal with 00:26:01.759 --> 00:26:04.920 the nightclub uh and say listen i'm gonna drop 00:26:04.920 --> 00:26:07.380 this nft at nine o 'clock tonight but people 00:26:07.380 --> 00:26:09.019 need to be in the nightclub which is going to 00:26:09.019 --> 00:26:12.319 create a lot of foot traffic you know maybe it's 00:26:12.319 --> 00:26:14.720 a it's a during the week drop for the nightclub 00:26:14.720 --> 00:26:16.299 when they might be a little bit slower than than 00:26:16.299 --> 00:26:19.140 on the weekend but it'll create a whole bunch 00:26:19.140 --> 00:26:22.500 of hype around an event uh the influencer can 00:26:22.500 --> 00:26:25.180 drop you always want to gamify it and you don't 00:26:25.180 --> 00:26:26.519 want to you don't want to drop too many right 00:26:26.519 --> 00:26:28.579 so let's say the influencer drops 200 of these 00:26:28.579 --> 00:26:32.309 nfts let's say it's a luxury brand that they've 00:26:32.309 --> 00:26:35.690 created or something, for $200 each. This is 00:26:35.690 --> 00:26:38.309 an additional revenue share or revenue stream, 00:26:38.430 --> 00:26:42.029 I should say, for influencers. And I really think 00:26:42.029 --> 00:26:44.730 that the influencer play is going to be bigger 00:26:44.730 --> 00:26:47.430 than what anybody thinks also for MyGeo tokens. 00:26:47.910 --> 00:26:51.430 And the last use case I'll talk about, because 00:26:51.430 --> 00:26:58.769 I like the play for charities. events that are 00:26:58.769 --> 00:27:02.549 trying to create a more sustainable, uh, earth. 00:27:03.069 --> 00:27:05.710 Um, but somebody approached me recently and said, 00:27:05.869 --> 00:27:07.650 listen, I'm doing, uh, I'm doing a big beach 00:27:07.650 --> 00:27:10.549 cleanup. Again, I'm, I'm in Mexico. So beach 00:27:10.549 --> 00:27:14.650 cleanups are a thing here. And, uh, so they said, 00:27:14.690 --> 00:27:17.829 I'm looking to facilitate a beach cleanup. And, 00:27:17.910 --> 00:27:21.650 uh, what could we use my geo tokens to get more 00:27:21.650 --> 00:27:24.410 people to fill up? I said, yeah, well, definitely. 00:27:24.730 --> 00:27:26.490 So, you know, how we could structure that as 00:27:26.490 --> 00:27:30.559 we could create, We could create an NFT and we 00:27:30.559 --> 00:27:34.200 could say that there's 100 of them and you need 00:27:34.200 --> 00:27:37.519 to be there in order to collect them. Or somebody 00:27:37.519 --> 00:27:42.539 could donate an NFT to the cause, to the cleanup. 00:27:43.619 --> 00:27:47.960 About 100, 150 NFTs. And what those NFTs would 00:27:47.960 --> 00:27:51.440 represent are raffle tickets for this valuable 00:27:51.440 --> 00:27:54.579 NFT that's already been created. that already 00:27:54.579 --> 00:27:57.059 has value. So you need to be there to pick up 00:27:57.059 --> 00:28:00.420 a raffle ticket in order to qualify for this 00:28:00.420 --> 00:28:03.839 valuable NFT. So, you know, I think that there's 00:28:03.839 --> 00:28:07.039 lots of really cool, creative, unique ways that 00:28:07.039 --> 00:28:10.740 my geotokens might be able to help all sorts 00:28:10.740 --> 00:28:16.980 of projects and intents. That's great. Where 00:28:16.980 --> 00:28:20.400 can we find you? Uh, we're web three project, 00:28:20.480 --> 00:28:23.940 baby. So, uh, find us on Twitter, uh, at my geo 00:28:23.940 --> 00:28:28.039 tokens, uh, or, uh, on discord also where, uh, 00:28:28.079 --> 00:28:30.099 we have some fun in the discord channel there. 00:28:30.480 --> 00:28:32.720 Uh, but yeah, those, those are the two ways or 00:28:32.720 --> 00:28:35.799 check out our website, you know, www .mygeotokens 00:28:35.799 --> 00:28:38.279 .com. And you'll be able to get to our socials 00:28:38.279 --> 00:28:40.880 from there. Awesome. Well, thank you so much 00:28:40.880 --> 00:28:42.829 for joining me today, Steve. Thanks so much for 00:28:42.829 --> 00:28:45.490 having me, Chris. Enjoyed the conversation. Wishing 00:28:45.490 --> 00:28:47.890 you lots of good luck and good fortune. Thank 00:28:47.890 --> 00:28:49.069 you. You as well. Thanks, buddy.