1 00:00:00,000 --> 00:00:13,760 Okay, so this is going to be a surprise podcast. 2 00:00:13,760 --> 00:00:23,960 I decided I wanted to do this while I was preparing for a couple other podcasts. 3 00:00:23,960 --> 00:00:35,440 And while that happened, I discovered that there are two new SIPs on the block. 4 00:00:35,440 --> 00:00:37,160 SIP 7 and 8. 5 00:00:37,160 --> 00:00:42,840 7 is for staking budget for landowners and 8 is for Paris City Jam. 6 00:00:42,840 --> 00:00:47,240 I have not read through all of these yet so this will be the first time I read through 7 00:00:47,240 --> 00:00:48,240 them. 8 00:00:48,240 --> 00:00:51,960 But let's get after it. 9 00:00:51,960 --> 00:00:57,800 So the scope of the talk today is going to be a review and analysis on the two newest 10 00:00:57,800 --> 00:01:02,800 new SIPs that just released, 7 and 8. 11 00:01:02,800 --> 00:01:05,880 And introductions, my name is Lancer. 12 00:01:05,880 --> 00:01:12,480 I am president of MetaWorlds and podcast host for Sandow. 13 00:01:12,480 --> 00:01:19,040 Sandow is a podcast about the sandbox DAO, DAO being Decentralized Autonomous Organization. 14 00:01:19,040 --> 00:01:24,840 It's pretty much a community group centered around the sandbox game. 15 00:01:24,840 --> 00:01:33,680 The sandbox is like a Minecraft meets the Sims meets Second Life. 16 00:01:33,680 --> 00:01:37,760 And MetaWorlds, we are a studio. 17 00:01:37,760 --> 00:01:41,120 We published two games so far. 18 00:01:41,120 --> 00:01:43,480 Floor Droppers and Lava Defense. 19 00:01:43,480 --> 00:01:46,560 And we're about to publish our third Portal run. 20 00:01:46,560 --> 00:01:50,480 Or the Builder Challenge 2. 21 00:01:50,480 --> 00:02:00,040 And I am heavily, heavily into the DAO because it's the cross section of my expertise as 22 00:02:00,040 --> 00:02:02,960 a business person, entrepreneur. 23 00:02:02,960 --> 00:02:10,560 I've been in government for a long time and I've been in contract negotiations and all 24 00:02:10,560 --> 00:02:13,060 sorts of stuff in my professional life. 25 00:02:13,060 --> 00:02:15,480 So I love what the DAO represents. 26 00:02:15,480 --> 00:02:21,880 I love how the DAO comes together and operates and I want to grow with it. 27 00:02:21,880 --> 00:02:23,320 I want to be a part of this. 28 00:02:23,320 --> 00:02:26,200 So here I am. 29 00:02:26,200 --> 00:02:31,000 I've been a podcast host a number of times for video games and sports stuff and all sorts 30 00:02:31,000 --> 00:02:32,140 of things. 31 00:02:32,140 --> 00:02:37,160 So yeah, that's me. 32 00:02:37,160 --> 00:02:42,240 So disclaimer is I do not represent the sandbox game or the sandbox foundation. 33 00:02:42,240 --> 00:02:46,080 I speak for myself as a SanFam community member. 34 00:02:46,080 --> 00:02:50,120 I am not anyone's financial or legal advisor. 35 00:02:50,120 --> 00:02:56,680 Nothing I say is to be taken as financial or legal advice. 36 00:02:56,680 --> 00:02:58,840 That bit of administratively out of the way. 37 00:02:58,840 --> 00:03:03,640 This is a slide I just put together. 38 00:03:03,640 --> 00:03:08,340 The DAO scoreboard. 39 00:03:08,340 --> 00:03:13,400 So I used to have a road to DAO and that kind of was a text version of this. 40 00:03:13,400 --> 00:03:17,840 But here is the count so far. 41 00:03:17,840 --> 00:03:20,920 So one sip is in draft on the forums. 42 00:03:20,920 --> 00:03:23,960 That's sip X hasn't been numbered yet. 43 00:03:23,960 --> 00:03:25,960 That's creator first by Cyril. 44 00:03:25,960 --> 00:03:30,320 Cyril, I mean, apologize, Cyril. 45 00:03:30,320 --> 00:03:37,400 He was featured in Sandow podcast. 46 00:03:37,400 --> 00:03:45,520 I have my future episode. 47 00:03:45,520 --> 00:03:46,520 Goodbye. 48 00:03:46,520 --> 00:03:48,880 I accidentally removed it. 49 00:03:48,880 --> 00:03:54,640 Sandow podcast three, I believe it was. 50 00:03:54,640 --> 00:03:57,920 We did deep dive into the creator first sip. 51 00:03:57,920 --> 00:04:05,440 There are two sips pending activation, meaning they've been submitted. 52 00:04:05,440 --> 00:04:08,680 They are in between submitted and gone to community vote. 53 00:04:08,680 --> 00:04:14,480 Those are the two that are just right now pending. 54 00:04:14,480 --> 00:04:20,480 Let's call this activation. 55 00:04:20,480 --> 00:04:22,880 So those are the two we'll be reviewing today. 56 00:04:22,880 --> 00:04:27,280 One sip is currently open for voting, sip number six. 57 00:04:27,280 --> 00:04:31,240 And good news is that it is reached a quorum. 58 00:04:31,240 --> 00:04:33,220 A snapshot of it. 59 00:04:33,220 --> 00:04:34,360 It reached a quorum. 60 00:04:34,360 --> 00:04:36,920 So 31 of 30 million votes. 61 00:04:36,920 --> 00:04:41,360 Congratulations again, Pepe, for Magic Palette. 62 00:04:41,360 --> 00:04:43,300 And 99%, yes. 63 00:04:43,300 --> 00:04:47,520 So less than 24 hours. 64 00:04:47,520 --> 00:04:50,240 High percentage of that one is going to pass. 65 00:04:50,240 --> 00:04:52,800 So great news there. 66 00:04:52,800 --> 00:04:54,480 Five sips have closed. 67 00:04:54,480 --> 00:04:58,080 Zero were not approved and five were approved. 68 00:04:58,080 --> 00:05:02,400 So all five sips that closed were approved. 69 00:05:02,400 --> 00:05:07,960 And I will have the Dow checkbook here done soonish, which is more of like an accounting 70 00:05:07,960 --> 00:05:12,760 version of what's the budget, what's the expenses. 71 00:05:12,760 --> 00:05:16,080 All right, let's get into it. 72 00:05:16,080 --> 00:05:21,160 Sip seven and eight. 73 00:05:21,160 --> 00:05:34,160 All right, sip seven, staking budget for landowners. 74 00:05:34,160 --> 00:05:40,160 Just put that up here. 75 00:05:40,160 --> 00:05:42,800 TLDR. 76 00:05:42,800 --> 00:05:49,440 At the sandbox, we were used to reward our landowners with assets and sand based and 77 00:05:49,440 --> 00:05:52,740 sand based on their involvement in the ecosystem. 78 00:05:52,740 --> 00:05:57,160 As the community noted, the staking amount has been reduced a lot during the past months, 79 00:05:57,160 --> 00:06:00,720 which deters a fraction of the community to hold their land and stake sand. 80 00:06:00,720 --> 00:06:04,600 You're proposing to use a portion of the Dow's budget to increase the staking amount to better 81 00:06:04,600 --> 00:06:07,600 reward the actual community. 82 00:06:07,600 --> 00:06:10,440 Cool. 83 00:06:10,440 --> 00:06:15,880 I have noticed that just like everyone else has, if you are either a landowner or you 84 00:06:15,880 --> 00:06:23,280 are a regular staking pool person staking in the sandbox pools, you've noticed a sharp 85 00:06:23,280 --> 00:06:29,800 decline in the past 12 months from what used to be. 86 00:06:29,800 --> 00:06:35,400 I don't know, it was like double or triple what it was now. 87 00:06:35,400 --> 00:06:40,400 It's just slowly declined month after month until now it's a fraction of what it used 88 00:06:40,400 --> 00:06:42,040 to be. 89 00:06:42,040 --> 00:06:43,040 So that's very true. 90 00:06:43,040 --> 00:06:45,040 It is very true. 91 00:06:45,040 --> 00:06:46,040 Why? 92 00:06:46,040 --> 00:06:53,720 The Dow should focus on increasing sand and land value as this participates in the narrative 93 00:06:53,720 --> 00:06:56,520 where landowners are key to our ecosystem. 94 00:06:56,520 --> 00:07:01,880 We should reward the ones who are actively participating and staking is part of the equation. 95 00:07:01,880 --> 00:07:04,840 Okay, that's a good why. 96 00:07:04,840 --> 00:07:06,320 Go to how? 97 00:07:06,320 --> 00:07:15,240 We are requiring a $750,000 sand total budget that will be spread till December 31, 2024 98 00:07:15,240 --> 00:07:20,880 to add $750,000 sand to the total sand pool currently allocated for the staking by the 99 00:07:20,880 --> 00:07:23,480 sandbox from the Dow staking treasury. 100 00:07:23,480 --> 00:07:29,880 Okay, so they want to increase the current staking pool by $750,000 sand if I've interpreted 101 00:07:29,880 --> 00:07:31,680 this correctly. 102 00:07:31,680 --> 00:07:37,760 Alright, the win as long as this decision is approved the sandbox Dow will send the 103 00:07:37,760 --> 00:07:44,280 total budget $750,000 sand to the sandbox treasury. 104 00:07:44,280 --> 00:07:46,600 I think the wording there is off a little bit. 105 00:07:46,600 --> 00:07:49,720 The treasury is where the money is now. 106 00:07:49,720 --> 00:08:01,400 Tell when you go to the dashboard. 107 00:08:01,400 --> 00:08:06,400 So this is the budget allocation here. 108 00:08:06,400 --> 00:08:12,380 And this is the treasury 2024 budget 25 million sand. 109 00:08:12,380 --> 00:08:20,200 So I'm thinking that what they want to do here is increase this $900,000 by $750,000. 110 00:08:20,200 --> 00:08:30,040 Okay, $900,000 plus $750,000 is 1.6 million sand. 111 00:08:30,040 --> 00:08:38,200 So I think that's what this is saying. 112 00:08:38,200 --> 00:08:45,760 I think I'm actually not sure is this staking budget dedicated to the staking. 113 00:08:45,760 --> 00:08:51,000 Okay, so that that probably does mean plus $900,000. 114 00:08:51,000 --> 00:08:57,800 Where is the money coming from? 115 00:08:57,800 --> 00:08:58,800 I don't know. 116 00:08:58,800 --> 00:09:01,100 I don't know where this is coming from. 117 00:09:01,100 --> 00:09:06,720 Maybe it's coming from sandbox game. 118 00:09:06,720 --> 00:09:09,100 We'll keep reading maybe will tell us to the sand. 119 00:09:09,100 --> 00:09:16,680 So as long as this decision is approved sandbox Dow will send the total budget $750,000 sand 120 00:09:16,680 --> 00:09:22,400 to the sandbox treasury so they can increase the starting on the first week of August. 121 00:09:22,400 --> 00:09:26,360 They want to do this within 30 days. 122 00:09:26,360 --> 00:09:44,640 Boo Remy Bumpar director of land ecosystem at the sandbox x profile is Bell. 123 00:09:44,640 --> 00:09:45,640 And structure. 124 00:09:45,640 --> 00:09:50,560 Yeah, I struggle to follow. 125 00:09:50,560 --> 00:10:00,800 That's Remy for reviewing your sip now. 126 00:10:00,800 --> 00:10:11,640 Sit live via twitch right now. 127 00:10:11,640 --> 00:10:12,640 Great idea. 128 00:10:12,640 --> 00:10:16,840 I'm loving what I'm reading so far. 129 00:10:16,840 --> 00:10:21,680 Let's tag the sandbox Dow. 130 00:10:21,680 --> 00:10:37,360 Oh, I have spoken to to Remy for F. I'm pretty sure it was Remy when he first got on the 131 00:10:37,360 --> 00:10:43,240 and he asked everyone, all the landowners to schedule a time with them just to get an 132 00:10:43,240 --> 00:10:49,440 idea of who who we are and what we're looking for. 133 00:10:49,440 --> 00:10:51,400 Oh cool. 134 00:10:51,400 --> 00:11:00,120 That's a picture with Seb. 135 00:11:00,120 --> 00:11:01,920 So there we go. 136 00:11:01,920 --> 00:11:07,640 So there's your sip author for number seven. 137 00:11:07,640 --> 00:11:09,480 Council recommendation is neutral. 138 00:11:09,480 --> 00:11:12,600 What does that mean? 139 00:11:12,600 --> 00:11:17,240 That's the first time I've seen that. 140 00:11:17,240 --> 00:11:20,960 What does neutral mean? 141 00:11:20,960 --> 00:11:23,320 Huh. 142 00:11:23,320 --> 00:11:30,880 Let's mark that one red because that is the first time we've ever seen anything not positive. 143 00:11:30,880 --> 00:11:35,280 I'd like to know what that's supposed to mean. 144 00:11:35,280 --> 00:11:38,800 Let's find out. 145 00:11:38,800 --> 00:11:40,600 So on it. 146 00:11:40,600 --> 00:11:48,600 Let's go to the sandbox Dow. 147 00:11:48,600 --> 00:11:50,200 The sandbox game. 148 00:11:50,200 --> 00:11:51,200 All right. 149 00:11:51,200 --> 00:11:54,440 Then we have zero forte. 150 00:11:54,440 --> 00:11:56,040 Sebastian. 151 00:11:56,040 --> 00:12:00,640 And we have. 152 00:12:00,640 --> 00:12:02,440 Yeah. 153 00:12:02,440 --> 00:12:06,200 Sue had Fred. 154 00:12:06,200 --> 00:12:10,960 Sorry, Montagnon. 155 00:12:10,960 --> 00:12:16,360 And we have Shannon. 156 00:12:16,360 --> 00:12:20,040 Shannon Snow. 157 00:12:20,040 --> 00:12:25,600 And this I'm missing one aren't I? 158 00:12:25,600 --> 00:12:33,600 What am I missing? 159 00:12:33,600 --> 00:12:41,000 Take a look. 160 00:12:41,000 --> 00:12:42,000 John. 161 00:12:42,000 --> 00:12:43,000 He'll. 162 00:12:43,000 --> 00:12:44,000 He'll hon. 163 00:12:44,000 --> 00:12:45,000 Right. 164 00:12:45,000 --> 00:12:53,120 He's the founder of a grail, which also founded Ledger. 165 00:12:53,120 --> 00:13:01,720 So and that was and I'm not sure if he has a Twitter. 166 00:13:01,720 --> 00:13:04,720 John. 167 00:13:04,720 --> 00:13:22,480 Go get lucky. 168 00:13:22,480 --> 00:13:23,480 Try and Google it. 169 00:13:23,480 --> 00:13:37,160 There he is. 170 00:13:37,160 --> 00:13:53,960 J.M. pale on. 171 00:13:53,960 --> 00:13:59,240 A sandbox council. 172 00:13:59,240 --> 00:14:03,280 I was reviewing sip seven. 173 00:14:03,280 --> 00:14:06,680 That was the staking budget. 174 00:14:06,680 --> 00:14:10,200 And I saw. 175 00:14:10,200 --> 00:14:16,360 Or the first time that it was marked neutral. 176 00:14:16,360 --> 00:14:18,240 And let's include the smiley face. 177 00:14:18,240 --> 00:14:22,320 Look like it's just that smiley. 178 00:14:22,320 --> 00:14:26,320 That's my that there we go. 179 00:14:26,320 --> 00:14:27,320 Neutral. 180 00:14:27,320 --> 00:14:33,320 Aren't neutral or council recommendation. 181 00:14:33,320 --> 00:14:42,840 What does this mean? 182 00:14:42,840 --> 00:14:47,840 And I am. 183 00:14:47,840 --> 00:15:06,840 Let's let's include a little. 184 00:15:06,840 --> 00:15:13,840 Sure. 185 00:15:13,840 --> 00:15:28,080 There we go. 186 00:15:28,080 --> 00:15:31,880 A sandbox council and this is the advisory council. 187 00:15:31,880 --> 00:15:32,880 Yeah. 188 00:15:32,880 --> 00:15:34,680 But he. 189 00:15:34,680 --> 00:15:36,680 The special council. 190 00:15:36,680 --> 00:15:37,680 OK. 191 00:15:37,680 --> 00:15:43,600 I was reviewing step seven taking budget. 192 00:15:43,600 --> 00:15:47,600 And saw. 193 00:15:47,600 --> 00:15:50,840 First time that it was marked neutral. 194 00:15:50,840 --> 00:15:54,040 For counseling. 195 00:15:54,040 --> 00:15:55,040 That. 196 00:15:55,040 --> 00:15:58,720 Council recommendation. 197 00:15:58,720 --> 00:15:59,720 Marked it. 198 00:15:59,720 --> 00:16:00,720 True. 199 00:16:00,720 --> 00:16:08,480 This means. 200 00:16:08,480 --> 00:16:15,640 Us understand what this means. 201 00:16:15,640 --> 00:16:34,080 And thank you. 202 00:16:34,080 --> 00:16:38,040 See if anything happens. 203 00:16:38,040 --> 00:16:40,840 So the council recommendation is. 204 00:16:40,840 --> 00:16:42,840 True. 205 00:16:42,840 --> 00:16:44,880 OK. 206 00:16:44,880 --> 00:16:49,080 I love to know what that means. 207 00:16:49,080 --> 00:16:50,640 So background context. 208 00:16:50,640 --> 00:16:54,680 Landowners are the cornerstone of our community representing over twenty five thousand people 209 00:16:54,680 --> 00:16:55,680 globally. 210 00:16:55,680 --> 00:16:58,540 And owning one hundred thirty thousand land. 211 00:16:58,540 --> 00:16:59,540 That is a great. 212 00:16:59,540 --> 00:17:00,540 Want to fire. 213 00:17:00,540 --> 00:17:01,540 Let's keep that. 214 00:17:01,540 --> 00:17:02,540 Twenty twenty two. 215 00:17:02,540 --> 00:17:11,160 We launched an airdrop of sand to landowners based on their token allocation specific traits 216 00:17:11,160 --> 00:17:13,360 and land locations given the evolving market. 217 00:17:13,360 --> 00:17:16,720 We need to carefully manage the distribution of sand. 218 00:17:16,720 --> 00:17:18,500 And the value. 219 00:17:18,500 --> 00:17:23,280 We place on our community rather than conducting another sand airdrop we aim to support our 220 00:17:23,280 --> 00:17:27,080 active and committed landowners. 221 00:17:27,080 --> 00:17:28,840 OK. 222 00:17:28,840 --> 00:17:33,280 These key stakeholders who contribute to the appreciation of land and sand values. 223 00:17:33,280 --> 00:17:34,640 And this is taking. 224 00:17:34,640 --> 00:17:35,640 Yeah. 225 00:17:35,640 --> 00:17:38,240 That would keep the value inside. 226 00:17:38,240 --> 00:17:41,920 That would keep the value inside. 227 00:17:41,920 --> 00:17:43,920 Yeah. 228 00:17:43,920 --> 00:17:44,920 Inside the. 229 00:17:44,920 --> 00:17:49,920 The community. 230 00:17:49,920 --> 00:17:51,600 So that's good. 231 00:17:51,600 --> 00:18:02,920 I support that. 232 00:18:02,920 --> 00:18:13,480 OK. 233 00:18:13,480 --> 00:18:17,120 Next rather than conducting another note we were. 234 00:18:17,120 --> 00:18:18,120 That. 235 00:18:18,120 --> 00:18:22,360 Talked about that paragraph staking involves locking a certain amount of cryptocurrency 236 00:18:22,360 --> 00:18:28,880 in a wallet to support block chain operations earning rewards in return usually in the form 237 00:18:28,880 --> 00:18:36,440 of additional tokens. 238 00:18:36,440 --> 00:18:40,560 Staking has been available in the sandbox environment since September twenty two accessible 239 00:18:40,560 --> 00:18:41,560 here. 240 00:18:41,560 --> 00:18:42,560 Good. 241 00:18:42,560 --> 00:18:47,560 Good on you Remy for including the link. 242 00:18:47,560 --> 00:18:52,560 And lately I think probably about eight months now. 243 00:18:52,560 --> 00:18:58,720 Sandbox region locked all of the American. 244 00:18:58,720 --> 00:19:06,040 And I piece out of their their front end on sandbox game staking so you can't stake more. 245 00:19:06,040 --> 00:19:12,480 However you can stake if you do it on the poly scan contract. 246 00:19:12,480 --> 00:19:13,560 You are. 247 00:19:13,560 --> 00:19:17,600 There's a video out there where it is right now but there's a video that shows you how 248 00:19:17,600 --> 00:19:18,600 to do that. 249 00:19:18,600 --> 00:19:24,360 So you can do it via the contract which is the same thing that you do on this website. 250 00:19:24,360 --> 00:19:28,920 It doesn't know much more friendly manner. 251 00:19:28,920 --> 00:19:36,080 Twenty million cent currently locked by forty five hundred stakeholders. 252 00:19:36,080 --> 00:19:38,240 So a great one. 253 00:19:38,240 --> 00:19:44,120 You distribute over eight point eight million sand toward landowners thus far. 254 00:19:44,120 --> 00:19:47,120 Digging the. 255 00:19:47,120 --> 00:19:52,080 It's sound bites here to further incentivize participation we propose allocating a portion 256 00:19:52,080 --> 00:19:57,320 of the Dow's budget to the landowner pool and increasing APY for the second half of 257 00:19:57,320 --> 00:19:58,320 the year. 258 00:19:58,320 --> 00:19:59,320 Nice. 259 00:19:59,320 --> 00:20:04,240 This will boost APOI current rate five percent during this period. 260 00:20:04,240 --> 00:20:12,320 Assuming the number of stakers remain stable. 261 00:20:12,320 --> 00:20:16,120 So this would increase it by seven hundred and fifty thousand. 262 00:20:16,120 --> 00:20:17,120 OK. 263 00:20:17,120 --> 00:20:18,680 So it would deduct it from the nine hundred thousand. 264 00:20:18,680 --> 00:20:21,400 It's currently in the budget. 265 00:20:21,400 --> 00:20:23,800 On the allocation. 266 00:20:23,800 --> 00:20:24,800 So it would be. 267 00:20:24,800 --> 00:20:27,800 And the dashboard. 268 00:20:27,800 --> 00:20:32,120 Fair strikes again. 269 00:20:32,120 --> 00:20:38,120 Description. 270 00:20:38,120 --> 00:20:40,920 We will allocate a portion of the Dow's budget specifically seven hundred fifty thousand 271 00:20:40,920 --> 00:20:43,600 sand to enhance the landowners taking pool. 272 00:20:43,600 --> 00:20:48,880 This additional budget will be distributed over a set period thereby increasing overall 273 00:20:48,880 --> 00:20:51,680 award volume for landowners. 274 00:20:51,680 --> 00:20:55,160 They would. 275 00:20:55,160 --> 00:20:56,160 My accounting. 276 00:20:56,160 --> 00:20:59,080 So this is the one I said I was almost done with. 277 00:20:59,080 --> 00:21:07,920 So for sip seven under staking going to be a deduction seven hundred fifty thousand. 278 00:21:07,920 --> 00:21:08,920 Cool. 279 00:21:08,920 --> 00:21:13,920 Which will leave one hundred fifty thousand out of a nine hundred thousand dollar budget 280 00:21:13,920 --> 00:21:16,160 for twenty twenty four. 281 00:21:16,160 --> 00:21:19,120 That's the proposition there. 282 00:21:19,120 --> 00:21:21,440 OK. 283 00:21:21,440 --> 00:21:26,640 And it says it's going to raise the current rate which is APY which is currently five 284 00:21:26,640 --> 00:21:31,800 percent to some unknown number doesn't say. 285 00:21:31,800 --> 00:21:34,320 OK. 286 00:21:34,320 --> 00:21:46,480 It's go allocate a portion to enhance. 287 00:21:46,480 --> 00:22:05,320 There we go. 288 00:22:05,320 --> 00:22:09,640 This additional budget will be distributed over a set period thereby increasing the overall 289 00:22:09,640 --> 00:22:12,520 award volume for landowners. 290 00:22:12,520 --> 00:22:14,600 Set period I wonder what the significance of that is. 291 00:22:14,600 --> 00:22:19,160 Does that mean that if they do it all at once and it won't. 292 00:22:19,160 --> 00:22:25,960 Maybe it won't. 293 00:22:25,960 --> 00:22:29,200 Won't give the increase in APY. 294 00:22:29,200 --> 00:22:31,360 The Dow will decide whether to implement this operation. 295 00:22:31,360 --> 00:22:32,360 Sure. 296 00:22:32,360 --> 00:22:37,480 On approval the Dow will transfer the funds to the sandbox block chain team did not know 297 00:22:37,480 --> 00:22:40,040 that. 298 00:22:40,040 --> 00:22:42,960 Makes sense that there would be a block chain team. 299 00:22:42,960 --> 00:22:47,440 So then allocate the new budget to the staking pool users can take advantage of this enhancement 300 00:22:47,440 --> 00:22:53,840 by staking sand tokens in the pool dedicated to landowners. 301 00:22:53,840 --> 00:22:58,600 As a reminder each land allows its owner to take up to two thousand. 302 00:22:58,600 --> 00:23:03,160 I really like the way Remy has put this together so far he walks it. 303 00:23:03,160 --> 00:23:06,240 Builds knowledge rationale benefit. 304 00:23:06,240 --> 00:23:08,720 Landowners have been requesting more rewards for some time. 305 00:23:08,720 --> 00:23:09,720 True. 306 00:23:09,720 --> 00:23:11,560 Especially as land price have been dropping. 307 00:23:11,560 --> 00:23:12,560 Very true. 308 00:23:12,560 --> 00:23:13,560 The land price is now at one point one. 309 00:23:13,560 --> 00:23:18,280 We believe that provide additional value to landowners presents a significant opportunity 310 00:23:18,280 --> 00:23:23,160 but we want to ensure that these rewards benefit only our active members. 311 00:23:23,160 --> 00:23:24,760 OK. 312 00:23:24,760 --> 00:23:28,840 We emphasize the importance of remaining engaged with. 313 00:23:28,840 --> 00:23:31,360 Within the sandbox community. 314 00:23:31,360 --> 00:23:35,200 Only users who stake in the landowner pool will be eligible for these enhanced rewards. 315 00:23:35,200 --> 00:23:40,120 Currently the weekly rule pool is fifteen thousand sand which averages out to approximately 316 00:23:40,120 --> 00:23:50,080 three point five sand per week per staker by increasing the pool forty seven thousand. 317 00:23:50,080 --> 00:23:53,360 Which seven hundred fifty thousand divided by twenty three weeks we can potentially raise 318 00:23:53,360 --> 00:23:55,560 seven percent. 319 00:23:55,560 --> 00:23:56,960 Oh. 320 00:23:56,960 --> 00:23:59,520 Oh I see. 321 00:23:59,520 --> 00:24:03,600 You're not just going to increase the overall locked value. 322 00:24:03,600 --> 00:24:13,280 You are you are giving out seven hundred fifty sand on top of the. 323 00:24:13,280 --> 00:24:16,480 Average sand earned. 324 00:24:16,480 --> 00:24:19,440 In the seven day period. 325 00:24:19,440 --> 00:24:21,680 Cool no that that that makes. 326 00:24:21,680 --> 00:24:22,680 OK. 327 00:24:22,680 --> 00:24:23,680 OK. 328 00:24:23,680 --> 00:24:29,160 So the block chain team I guess would receive the money and instead of staking it they would 329 00:24:29,160 --> 00:24:33,380 then dish it out and that's why he says that's why Remy says that he wants to do it over 330 00:24:33,380 --> 00:24:35,360 a period of time. 331 00:24:35,360 --> 00:24:38,400 Yeah OK. 332 00:24:38,400 --> 00:24:39,400 That makes sense. 333 00:24:39,400 --> 00:24:40,400 It's. 334 00:24:40,400 --> 00:24:41,400 So. 335 00:24:41,400 --> 00:25:04,400 Supply the layout here. 336 00:25:04,400 --> 00:25:23,220 It a little bit. 337 00:25:23,220 --> 00:25:44,180 Down a little bit. 338 00:25:44,180 --> 00:25:47,180 Step eight after this. 339 00:25:47,180 --> 00:25:48,180 Okay. 340 00:25:48,180 --> 00:25:54,380 So good to know. 341 00:25:54,380 --> 00:25:59,620 So weekly reward pool is $15,000. 342 00:25:59,620 --> 00:26:04,620 Average is out to $3.5 per week per staker. 343 00:26:04,620 --> 00:26:14,620 By increasing the pool to $47,000, potentially raises rewards to $7,000. 344 00:26:14,620 --> 00:26:18,420 Increasing the number of active landowners remains stable, and the total value locked 345 00:26:18,420 --> 00:26:21,420 persists at this level. 346 00:26:21,420 --> 00:26:24,420 Cool. 347 00:26:24,420 --> 00:26:28,300 Okay. 348 00:26:28,300 --> 00:26:43,820 We believe that this initiative will not only address the concerns of our landowners, but 349 00:26:43,820 --> 00:26:47,380 also reinforce the value of staying active and engaged within our community. 350 00:26:47,380 --> 00:26:49,620 We are rewarding those who contribute to the ecosystem. 351 00:26:49,620 --> 00:26:54,220 We aim to create a more dynamic, prosperous environment for all stakeholders. 352 00:26:54,220 --> 00:26:55,980 Okay. 353 00:26:55,980 --> 00:26:57,580 Risk analysis. 354 00:26:57,580 --> 00:27:00,620 Increased participation is one of the advantages. 355 00:27:00,620 --> 00:27:01,820 Attract more stakers. 356 00:27:01,820 --> 00:27:07,220 Higher reward can attract more participants, increasing the overall stake and security 357 00:27:07,220 --> 00:27:08,700 of the network. 358 00:27:08,700 --> 00:27:09,700 Okay. 359 00:27:09,700 --> 00:27:10,700 Greater network activity. 360 00:27:10,700 --> 00:27:17,180 Stakers can lead to higher transaction volume and greater engagement with the network. 361 00:27:17,180 --> 00:27:18,180 Second advantage. 362 00:27:18,180 --> 00:27:19,180 Market demand. 363 00:27:19,180 --> 00:27:21,220 Token appreciation. 364 00:27:21,220 --> 00:27:26,340 Increased demand for the staking token can drive up its price as more people buy it to 365 00:27:26,340 --> 00:27:28,380 stake and earn higher rewards. 366 00:27:28,380 --> 00:27:29,380 Enhance liquidity. 367 00:27:29,380 --> 00:27:35,120 Higher rewards can boost liquidity as more tokens are bought and staked, potentially 368 00:27:35,120 --> 00:27:37,020 leading to more trading activity. 369 00:27:37,020 --> 00:27:38,020 Okay. 370 00:27:38,020 --> 00:27:39,020 Third advantage. 371 00:27:39,020 --> 00:27:40,900 Ahead of edge. 372 00:27:40,900 --> 00:27:41,900 Differentiation. 373 00:27:41,900 --> 00:27:45,980 Offering higher rewards can differentiate the staking programs from competitors, making 374 00:27:45,980 --> 00:27:48,220 them more attractive to potential stakers. 375 00:27:48,220 --> 00:27:49,220 Increased adoption. 376 00:27:49,220 --> 00:27:55,020 This can lead to a broader adoption of the network and its ecosystem as higher rewards 377 00:27:55,020 --> 00:28:00,420 might entice users from other platforms. 378 00:28:00,420 --> 00:28:13,860 Okay. 379 00:28:13,860 --> 00:28:20,260 And on here we'll do thoughts. 380 00:28:20,260 --> 00:28:23,620 And I will paste these thoughts into the forums. 381 00:28:23,620 --> 00:28:27,520 That's where they are right now. 382 00:28:27,520 --> 00:28:28,820 So what do I think so far? 383 00:28:28,820 --> 00:28:31,500 Now let's go to the whole thing. 384 00:28:31,500 --> 00:28:32,500 Risks. 385 00:28:32,500 --> 00:28:33,500 Inflationary pressure. 386 00:28:33,500 --> 00:28:34,500 Token inflation. 387 00:28:34,500 --> 00:28:37,780 Doubling the reward often means increasing the supply of tokens, which can lead to inflation 388 00:28:37,780 --> 00:28:40,420 and reduce the value of the token if demand doesn't keep pace. 389 00:28:40,420 --> 00:28:43,300 I thought that that was an advantage. 390 00:28:43,300 --> 00:28:45,300 Token appreciation. 391 00:28:45,300 --> 00:28:48,060 Increased demand for the staking token can drive up its price. 392 00:28:48,060 --> 00:28:51,460 So there's kind of like a yin and yang going on there. 393 00:28:51,460 --> 00:28:52,460 Second risk. 394 00:28:52,460 --> 00:28:53,580 Market volatility. 395 00:28:53,580 --> 00:28:54,580 Price swings. 396 00:28:54,580 --> 00:28:59,500 An increase in staking rewards can lead to significant market volatility as speculated 397 00:28:59,500 --> 00:29:04,620 buy-in for short term gains leading to potential price swings when they exit. 398 00:29:04,620 --> 00:29:06,340 Dumping risk. 399 00:29:06,340 --> 00:29:10,580 Once the rewards are distributed, there is a risk that stakers might sell off their earned 400 00:29:10,580 --> 00:29:15,220 rewards leading to a sudden drop in token price. 401 00:29:15,220 --> 00:29:17,340 Okay. 402 00:29:17,340 --> 00:29:19,260 Considerations for mitigation. 403 00:29:19,260 --> 00:29:26,220 Possible increases implementing reward increases gradually and help mitigate inflationary pressure 404 00:29:26,220 --> 00:29:29,900 and market shocks as per a staking reward. 405 00:29:29,900 --> 00:29:33,220 Oh, so that's why you want to do it over time. 406 00:29:33,220 --> 00:29:37,860 Makes sense. 407 00:29:37,860 --> 00:29:38,860 Transparent communication. 408 00:29:38,860 --> 00:29:43,620 Clearly communicating the reasons for and the structure of reward increases can help 409 00:29:43,620 --> 00:29:47,340 maintain community trust and support. 410 00:29:47,340 --> 00:29:52,860 Public adjustments building in mechanisms to adjust rewards based on network conditions 411 00:29:52,860 --> 00:29:57,340 and participation could help maintain balance stability, sustainability. 412 00:29:57,340 --> 00:29:58,700 Okay. 413 00:29:58,700 --> 00:30:03,100 Implementation plan launching between July 22nd to July 25th because it matches perfectly 414 00:30:03,100 --> 00:30:06,340 with the blockchain operations conducting the rewards for the next four weeks. 415 00:30:06,340 --> 00:30:07,340 Okay. 416 00:30:07,340 --> 00:30:16,940 It's going to be a tight window because 14 days from I think it goes to public. 417 00:30:16,940 --> 00:30:22,540 Public view for 14 days or seven days and then 14 days after that. 418 00:30:22,540 --> 00:30:25,540 I don't think you're going to make it. 419 00:30:25,540 --> 00:30:29,980 Even if you do 14 days today, you're still not going to make it. 420 00:30:29,980 --> 00:30:33,940 So you have to wait until probably the next month, I suppose. 421 00:30:33,940 --> 00:30:35,660 Resource required over 23 weeks. 422 00:30:35,660 --> 00:30:40,740 We will allocate 750,000 is 23 sand per week. 423 00:30:40,740 --> 00:30:48,700 Oh, per week for 23 weeks so the DAO can send the full amount so the blockchain team can 424 00:30:48,700 --> 00:30:54,100 set up the staking pool properly without creating delays. 425 00:30:54,100 --> 00:30:57,100 Okay. 426 00:30:57,100 --> 00:31:04,100 The sand will be deployed on Polygon as per the usual staking program. 427 00:31:04,100 --> 00:31:07,560 We won't create a new pool of staking, stacking, staking. 428 00:31:07,560 --> 00:31:14,420 It will be directly be added to the existing landowner reward pool. 429 00:31:14,420 --> 00:31:26,720 It will be added and I guess he estimated that it will give a increase of up to seven 430 00:31:26,720 --> 00:31:29,140 sand per staker. 431 00:31:29,140 --> 00:31:30,780 Okay. 432 00:31:30,780 --> 00:31:35,820 I don't know the math well enough to say but I believe him. 433 00:31:35,820 --> 00:31:39,140 We can measure the number of stakers staked volume during the period of activation. 434 00:31:39,140 --> 00:31:43,660 We can also track land and sand prices and also claim rate of staked funds. 435 00:31:43,660 --> 00:31:44,660 Okay. 436 00:31:44,660 --> 00:31:45,660 Appendix. 437 00:31:45,660 --> 00:31:46,940 Alternatives considered. 438 00:31:46,940 --> 00:31:49,160 We also thought about air dropping. 439 00:31:49,160 --> 00:31:50,780 You did mention that, yeah. 440 00:31:50,780 --> 00:31:55,180 Opening a claim to landowners but we felt that it wouldn't target the really active people 441 00:31:55,180 --> 00:31:58,900 and we also wanted to increase the rewards of stakers who are here for the long run. 442 00:31:58,900 --> 00:32:05,300 Yeah, I agree with that because the claim when you drop it, it'll drop across all the 443 00:32:05,300 --> 00:32:11,300 profiles and then it'll some people won't remember to click claims unless you're in 444 00:32:11,300 --> 00:32:14,500 the, unless you're in it all the time. 445 00:32:14,500 --> 00:32:17,460 Very easy to miss. 446 00:32:17,460 --> 00:32:21,860 So yep and then discussion. 447 00:32:21,860 --> 00:32:27,180 Join thoughts on discourse. 448 00:32:27,180 --> 00:32:28,180 Sip actives. 449 00:32:28,180 --> 00:32:29,180 Okay. 450 00:32:29,180 --> 00:32:37,260 I'll definitely, I'll definitely give my thoughts there. 451 00:32:37,260 --> 00:32:39,140 And here is the snapshot. 452 00:32:39,140 --> 00:32:40,580 So it hasn't started yet. 453 00:32:40,580 --> 00:32:42,460 It will start July 10th. 454 00:32:42,460 --> 00:32:43,460 So tomorrow. 455 00:32:43,460 --> 00:32:50,500 Yes, no abstain and we need a 30 million quorum which was very difficult to get for our first 456 00:32:50,500 --> 00:32:51,720 community sip. 457 00:32:51,720 --> 00:32:53,740 So we'll see how that works. 458 00:32:53,740 --> 00:33:00,220 Although I have a feeling this is going to reach a quorum a lot faster because the author 459 00:33:00,220 --> 00:33:02,860 is Remy who is part of the sandbox team. 460 00:33:02,860 --> 00:33:13,620 So I'm sure he will benefit in some way from the power of the sandbox's team which is more 461 00:33:13,620 --> 00:33:16,740 likely I guess to promote their own. 462 00:33:16,740 --> 00:33:19,460 We'll see. 463 00:33:19,460 --> 00:33:23,580 We'll see. 464 00:33:23,580 --> 00:33:26,100 And everything else looks the same. 465 00:33:26,100 --> 00:33:27,100 Snapshot. 466 00:33:27,100 --> 00:33:28,100 Cool. 467 00:33:28,100 --> 00:33:32,380 So what are my thoughts? 468 00:33:32,380 --> 00:33:38,180 Let's switch over for a second. 469 00:33:38,180 --> 00:33:39,780 My thoughts. 470 00:33:39,780 --> 00:33:43,300 I like the idea of it. 471 00:33:43,300 --> 00:33:49,900 I'm glad he spelled it out the way he did because I wasn't sure if the implementation was specific 472 00:33:49,900 --> 00:33:53,780 enough to really communicate to me what was happening. 473 00:33:53,780 --> 00:33:54,780 But he did. 474 00:33:54,780 --> 00:33:56,500 He did do that. 475 00:33:56,500 --> 00:34:06,180 He made sure to specify that it would be 750,000 sand over 23 weeks and he anticipates an end 476 00:34:06,180 --> 00:34:13,620 result of increasing the current 5% which yields about 3.5 sand per week per staker 477 00:34:13,620 --> 00:34:14,940 to 7. 478 00:34:14,940 --> 00:34:17,420 So that's more than doubling. 479 00:34:17,420 --> 00:34:19,660 Or that is doubling. 480 00:34:19,660 --> 00:34:21,140 That is doubling it. 481 00:34:21,140 --> 00:34:22,140 So cool. 482 00:34:22,140 --> 00:34:23,140 Cool. 483 00:34:23,140 --> 00:34:26,080 I think that's a good idea. 484 00:34:26,080 --> 00:34:28,020 It does only benefit the landowner. 485 00:34:28,020 --> 00:34:30,060 So let's do this. 486 00:34:30,060 --> 00:34:39,140 My thoughts are what are the pros? 487 00:34:39,140 --> 00:34:47,020 Seems to incentivize the right thing which is loyalty. 488 00:34:47,020 --> 00:34:51,040 So that's the same thing the mochaverse is doing right now with their airdrop. 489 00:34:51,040 --> 00:35:00,620 So loyalty and and what? 490 00:35:00,620 --> 00:35:06,740 Loyalty and not activity because if you're already staked would you stake more? 491 00:35:06,740 --> 00:35:07,740 You might. 492 00:35:07,740 --> 00:35:09,140 Yeah if you get double. 493 00:35:09,140 --> 00:35:10,140 Sure. 494 00:35:10,140 --> 00:35:12,460 Loyalty and activity. 495 00:35:12,460 --> 00:35:13,860 Sure. 496 00:35:13,860 --> 00:35:15,700 Cons. 497 00:35:15,700 --> 00:35:18,380 Only. 498 00:35:18,380 --> 00:35:22,360 Targets landowners. 499 00:35:22,360 --> 00:35:30,060 And I think as he mentioned that means only 25,000 people. 500 00:35:30,060 --> 00:35:36,540 And what did we learn about how many people there are in sandbox? 501 00:35:36,540 --> 00:35:43,760 I don't recall but it's a lot more than 25,000. 502 00:35:43,760 --> 00:35:50,980 With 20 million sand currently locked by 4500 stakers. 503 00:35:50,980 --> 00:35:54,100 So not even 25,000. 504 00:35:54,100 --> 00:35:55,860 Only targets. 505 00:35:55,860 --> 00:36:01,260 So it has the ambition to target 25,000 landowners. 506 00:36:01,260 --> 00:36:07,900 So they he wants to increase both the amount of currently locked sand which is 20 million 507 00:36:07,900 --> 00:36:16,660 and increase the number of stakers from 4500 to a maximum of 25,000. 508 00:36:16,660 --> 00:36:22,280 So let's yeah seems to incentivize the right thing. 509 00:36:22,280 --> 00:36:37,700 Has the potential to increase 4.5 thousand stakers to 25k landowners. 510 00:36:37,700 --> 00:36:39,580 So that's a good thing. 511 00:36:39,580 --> 00:36:45,220 What else is the con? 512 00:36:45,220 --> 00:36:48,060 Only targets landowners. 513 00:36:48,060 --> 00:36:51,260 Seems expensive. 514 00:36:51,260 --> 00:36:55,100 Seems expensive. 515 00:36:55,100 --> 00:36:56,340 Look at the budget. 516 00:36:56,340 --> 00:36:57,940 How much was it again? 517 00:36:57,940 --> 00:37:01,320 So of 900,000 let's do a quick little. 518 00:37:01,320 --> 00:37:02,320 So it's 750,000. 519 00:37:02,320 --> 00:37:07,980 Divided by 900,000. 520 00:37:07,980 --> 00:37:18,100 750,000 divided by 900,000 gives us 83%. 521 00:37:18,100 --> 00:37:27,020 So this is 83% of the staking budget. 522 00:37:27,020 --> 00:37:28,020 That's a lot. 523 00:37:28,020 --> 00:37:30,020 That's a lot in one go. 524 00:37:30,020 --> 00:37:34,500 A lot in one go for it to only affect. 525 00:37:34,500 --> 00:37:36,180 You know what? 526 00:37:36,180 --> 00:37:39,860 Now we need to calculate them. 527 00:37:39,860 --> 00:37:51,980 But the good news is is Seb has said many times how many people there are. 528 00:37:51,980 --> 00:37:54,980 How many? 529 00:37:54,980 --> 00:38:03,340 So it's 330,000 creators. 530 00:38:03,340 --> 00:38:04,340 Players. 531 00:38:04,340 --> 00:38:05,340 A lot. 532 00:38:05,340 --> 00:38:22,340 He says it every now and again. 533 00:38:22,340 --> 00:38:32,860 5.8 million wallets. 534 00:38:32,860 --> 00:38:35,460 So let's stick with that number. 535 00:38:35,460 --> 00:38:44,580 So that's 5.8 million wallets. 536 00:38:44,580 --> 00:38:46,300 Across a thousand experiences. 537 00:38:46,300 --> 00:38:47,300 Okay. 538 00:38:47,300 --> 00:38:53,300 Landowners. 539 00:38:53,300 --> 00:38:59,740 Okay. 540 00:38:59,740 --> 00:39:04,540 And landowners. 541 00:39:04,540 --> 00:39:09,380 25k only represents. 542 00:39:09,380 --> 00:39:16,580 That's going to be a really, really small number. 543 00:39:16,580 --> 00:39:17,580 What was it? 544 00:39:17,580 --> 00:39:22,580 5.8 million wallets. 545 00:39:22,580 --> 00:39:39,140 0.4% of the 5.8 million wallets in sandbox. 546 00:39:39,140 --> 00:39:52,660 This was for NFC Lisbon. 547 00:39:52,660 --> 00:40:00,260 Yeah. 548 00:40:00,260 --> 00:40:10,900 It's the best I can find right now. 549 00:40:10,900 --> 00:40:16,540 5.8 million wallets means that those wallets could be staking as well. 550 00:40:16,540 --> 00:40:20,180 The regular pool. 551 00:40:20,180 --> 00:40:23,580 So I don't know. 552 00:40:23,580 --> 00:40:28,380 I think it's a good way to start though. 553 00:40:28,380 --> 00:40:33,220 It's the most, not active, but targets the most. 554 00:40:33,220 --> 00:40:34,700 Not even invested. 555 00:40:34,700 --> 00:40:37,700 It targets the most. 556 00:40:37,700 --> 00:40:42,780 I don't know. 557 00:40:42,780 --> 00:40:50,180 Maybe it's not a pro. 558 00:40:50,180 --> 00:40:58,300 I guess targets the most invested maybe because land is one of the most expensive things. 559 00:40:58,300 --> 00:41:07,420 Invested investors in sandbox. 560 00:41:07,420 --> 00:41:12,860 And Sand Fam. 561 00:41:12,860 --> 00:41:25,500 Members of Sand Fam. 562 00:41:25,500 --> 00:41:29,740 Cool. 563 00:41:29,740 --> 00:41:39,140 Yeah I think that's good. 564 00:41:39,140 --> 00:41:42,980 Boost APY. 565 00:41:42,980 --> 00:42:02,300 Doubling of sand per week from 3.5 to 7 is very enticing and could be foundation for 566 00:42:02,300 --> 00:42:11,060 more. 567 00:42:11,060 --> 00:42:22,700 And if successful, it could be a foundation for more SIPs. 568 00:42:22,700 --> 00:42:26,220 Okay I think we're good on that one now. 569 00:42:26,220 --> 00:42:29,860 Let's SIP 7. 570 00:42:29,860 --> 00:42:31,260 SIP 7. 571 00:42:31,260 --> 00:42:36,540 Staking budget for landowners by Remy. 572 00:42:36,540 --> 00:42:43,220 Alright let's hit up SIP number 8. 573 00:42:43,220 --> 00:42:44,220 Ocho. 574 00:42:44,220 --> 00:42:45,220 Okay. 575 00:42:45,220 --> 00:43:07,660 I'll just do it on here. 576 00:43:07,660 --> 00:43:22,780 Alright SIP 8. 577 00:43:22,780 --> 00:43:23,780 Game Jam. 578 00:43:23,780 --> 00:43:25,580 Paris City Jam. 579 00:43:25,580 --> 00:43:32,700 Oh this is probably the thing that Panda Pops announced not long ago. 580 00:43:32,700 --> 00:43:39,380 Where she was going to, somehow the community was going to vote on the Paris City Jam and 581 00:43:39,380 --> 00:43:45,460 as I see the current results, that is exactly what's about to happen. 582 00:43:45,460 --> 00:43:50,660 Quorum of 30 million will be required but everyone will get to choose who they want 583 00:43:50,660 --> 00:43:52,620 to vote for. 584 00:43:52,620 --> 00:43:53,620 That's kind of cool. 585 00:43:53,620 --> 00:43:56,140 I really like that idea. 586 00:43:56,140 --> 00:43:57,140 That's novel. 587 00:43:57,140 --> 00:44:01,660 Go ahead and just put that pro. 588 00:44:01,660 --> 00:44:17,460 Notable idea to allow votes for game city jams on-chain. 589 00:44:17,460 --> 00:44:21,020 And people can vote for multiple. 590 00:44:21,020 --> 00:44:23,660 So it takes advantage of the blockchain. 591 00:44:23,660 --> 00:44:24,660 Yeah. 592 00:44:24,660 --> 00:44:26,100 So SIP 8. 593 00:44:26,100 --> 00:44:27,100 Game Jam. 594 00:44:27,100 --> 00:44:28,660 Paris City Jam. 595 00:44:28,660 --> 00:44:30,380 TLDR. 596 00:44:30,380 --> 00:44:33,460 Vote for the best experiences of the Paris City Jam. 597 00:44:33,460 --> 00:44:38,660 The Y is reward best creators and select who will be published on the Paris Estate. 598 00:44:38,660 --> 00:44:40,380 Oh okay. 599 00:44:40,380 --> 00:44:41,380 How? 600 00:44:41,380 --> 00:44:46,500 Games will be playable either through a direct link on the game client or in the game maker 601 00:44:46,500 --> 00:44:48,820 draft gallery. 602 00:44:48,820 --> 00:44:50,620 Win. 603 00:44:50,620 --> 00:44:56,820 Experiences are live on the map on July 30th. 604 00:44:56,820 --> 00:45:06,980 And I don't think you can make it unless it goes to vote before July 16th. 605 00:45:06,980 --> 00:45:23,140 Because once it hits July 16th it'll have to be on there for 14 days which is July 30th. 606 00:45:23,140 --> 00:45:25,780 Council recommendation is neutral again? 607 00:45:25,780 --> 00:45:31,300 What is going on? 608 00:45:31,300 --> 00:45:32,300 What does this mean? 609 00:45:32,300 --> 00:45:36,620 I don't get it. 610 00:45:36,620 --> 00:45:42,060 It's not obvious to me what council recommendation neutral means. 611 00:45:42,060 --> 00:45:51,780 Does this mean that the whole council majority voted that they didn't like it? 612 00:45:51,780 --> 00:45:56,420 Does this mean that they don't believe that it follows the vision but they're willing 613 00:45:56,420 --> 00:46:05,460 to let it go because it doesn't outright go against the vision? 614 00:46:05,460 --> 00:46:09,540 I'm not sure what this means. 615 00:46:09,540 --> 00:46:33,660 And in fact for Mrs. Platt question what does neutral a neutral council recommendation 616 00:46:33,660 --> 00:46:34,660 mean? 617 00:46:34,660 --> 00:46:38,660 Yeah let's find out. 618 00:46:38,660 --> 00:46:39,660 Okay. 619 00:46:39,660 --> 00:46:40,660 Sip details. 620 00:46:40,660 --> 00:47:02,260 This is not a very long one too so might be a good one. 621 00:47:02,260 --> 00:47:03,900 So background context. 622 00:47:03,900 --> 00:47:09,020 Sandbox game jams are creator contests open to anyone passionate about creating games. 623 00:47:09,020 --> 00:47:15,020 We invite you to enter our vibrant ecosystem where creators come together and make their 624 00:47:15,020 --> 00:47:20,580 dreams come true and build our platform's future. 625 00:47:20,580 --> 00:47:22,860 Only your imagination sets the limits. 626 00:47:22,860 --> 00:47:24,580 Let's build a metaverse together. 627 00:47:24,580 --> 00:47:30,940 This particular city jam Paris encouraged creators to recreate parts of the famous city 628 00:47:30,940 --> 00:47:35,220 gaining inspiration from its monuments and neighborhoods but also in its rich culture 629 00:47:35,220 --> 00:47:39,460 and history because yes creators can select any time era when they want to picture the 630 00:47:39,460 --> 00:47:43,060 city for info on the city jam here. 631 00:47:43,060 --> 00:47:50,340 Oh there's a I'll take you to an article. 632 00:47:50,340 --> 00:47:54,420 Right right right yeah I do remember. 633 00:47:54,420 --> 00:47:56,700 First place is 3000 sand. 634 00:47:56,700 --> 00:47:59,180 Oh first through ninth place. 635 00:47:59,180 --> 00:48:03,020 3000 500 sand for 15. 636 00:48:03,020 --> 00:48:07,900 The contest goes live. 637 00:48:07,900 --> 00:48:18,300 Submission closes on June 27th. 638 00:48:18,300 --> 00:48:21,460 Public vote ends July 3rd. 639 00:48:21,460 --> 00:48:24,460 Okay so she is accounting for it. 640 00:48:24,460 --> 00:48:26,540 She is accounted for the two weeks. 641 00:48:26,540 --> 00:48:29,540 Now votes open. 642 00:48:29,540 --> 00:48:36,700 How did she know. 643 00:48:36,700 --> 00:48:38,220 It's interesting. 644 00:48:38,220 --> 00:48:42,180 That means there's a there's a certain amount of cooperation going on in the background 645 00:48:42,180 --> 00:48:48,420 between the Dow Foundation and the sandbox because this was published some time ago. 646 00:48:48,420 --> 00:48:51,940 Yeah June June 7th. 647 00:48:51,940 --> 00:48:54,340 So this was published over a month ago. 648 00:48:54,340 --> 00:49:02,380 All right and they knew then that it would it would reach the Dow. 649 00:49:02,380 --> 00:49:04,140 Pass public vote. 650 00:49:04,140 --> 00:49:07,480 Really public comment. 651 00:49:07,480 --> 00:49:12,180 It would then reach the Dow for voting on July 10th a month later. 652 00:49:12,180 --> 00:49:17,980 So if if say already knew that this was going to reach the Dow then there was some sort 653 00:49:17,980 --> 00:49:20,780 of heavy coordination. 654 00:49:20,780 --> 00:49:29,460 Going on and this was only a few days by the way only a few days a week after it was announced 655 00:49:29,460 --> 00:49:30,860 on May 28th. 656 00:49:30,860 --> 00:49:32,340 The Dow itself. 657 00:49:32,340 --> 00:49:34,860 So interesting interesting. 658 00:49:34,860 --> 00:49:43,220 Nothing wrong going on here but that is an interesting amount of coordination going on. 659 00:49:43,220 --> 00:49:44,220 Well let's put that out. 660 00:49:44,220 --> 00:49:51,220 Let's put that in my thoughts. 661 00:49:51,220 --> 00:50:07,540 Let's go with neutral. 662 00:50:07,540 --> 00:50:12,780 Neutral was the medium article. 663 00:50:12,780 --> 00:50:29,340 Let's link it. 664 00:50:29,340 --> 00:50:34,420 The medium article was on July 7th. 665 00:50:34,420 --> 00:50:39,740 So let's edit the slide. 666 00:50:39,740 --> 00:50:45,720 Medium article on 7 June 24. 667 00:50:45,720 --> 00:50:49,420 This was only. 668 00:50:49,420 --> 00:50:51,420 So last week 7 June. 669 00:50:51,420 --> 00:50:54,320 This is only. 670 00:50:54,320 --> 00:50:56,580 Week and a half. 671 00:50:56,580 --> 00:51:11,740 1.5 weeks after 28 May sandbox Dow announcement projected a timetable. 672 00:51:11,740 --> 00:51:12,740 Where. 673 00:51:12,740 --> 00:51:18,580 Now vote occurs 10 July. 674 00:51:18,580 --> 00:51:23,460 That's one month later. 675 00:51:23,460 --> 00:51:30,020 So this will say that's that's interesting. 676 00:51:30,020 --> 00:51:34,980 That is an interesting fact. 677 00:51:34,980 --> 00:51:45,060 Not saying anything was wrong. 678 00:51:45,060 --> 00:51:48,420 That is an interesting fact that means there was there's quite a bit of coordination going 679 00:51:48,420 --> 00:51:50,420 on ahead of time. 680 00:51:50,420 --> 00:51:54,500 That's what that means. 681 00:51:54,500 --> 00:51:59,820 They knew then that the public. 682 00:51:59,820 --> 00:52:06,140 Comment would end and it would go to vote tomorrow. 683 00:52:06,140 --> 00:52:10,300 And then there there's 14 days so it it does abide by the rules. 684 00:52:10,300 --> 00:52:11,300 That's cool. 685 00:52:11,300 --> 00:52:12,300 I really like that. 686 00:52:12,300 --> 00:52:17,860 All right let's keep reading. 687 00:52:17,860 --> 00:52:20,740 We're on. 688 00:52:20,740 --> 00:52:22,240 Creator selection. 689 00:52:22,240 --> 00:52:26,700 So it gives a bunch of the selection. 690 00:52:26,700 --> 00:52:27,700 Submissions. 691 00:52:27,700 --> 00:52:28,700 So. 692 00:52:28,700 --> 00:52:29,700 Graph palm. 693 00:52:29,700 --> 00:52:30,700 Use genie. 694 00:52:30,700 --> 00:52:31,700 Certage. 695 00:52:31,700 --> 00:52:32,700 Addie beyond. 696 00:52:32,700 --> 00:52:33,700 This is my reality. 697 00:52:33,700 --> 00:52:34,700 EGV lab Montparnasse. 698 00:52:34,700 --> 00:52:35,700 Bellinger's. 699 00:52:35,700 --> 00:52:36,700 By Afiel. 700 00:52:36,700 --> 00:52:37,700 Cool name. 701 00:52:37,700 --> 00:52:38,700 DSP game. 702 00:52:38,700 --> 00:52:48,140 GAMKER also called name Yuri. 703 00:52:48,140 --> 00:52:52,740 Hey Yuri. 704 00:52:52,740 --> 00:52:56,740 I've seen him a number of times in AMA's around sandbox. 705 00:52:56,740 --> 00:52:58,740 It's neat. 706 00:52:58,740 --> 00:52:59,740 J. Wrong. 707 00:52:59,740 --> 00:53:00,740 NFT. 708 00:53:00,740 --> 00:53:01,740 Gion. 709 00:53:01,740 --> 00:53:02,740 Ryan. 710 00:53:02,740 --> 00:53:03,740 The. 711 00:53:03,740 --> 00:53:08,740 The. 712 00:53:08,740 --> 00:53:10,340 Rational benefit. 713 00:53:10,340 --> 00:53:13,340 Sandbox is an exciting ecosystem where the lines between creators and brands are blurred 714 00:53:13,340 --> 00:53:17,260 and everyone comes together to build the future of the platform. 715 00:53:17,260 --> 00:53:21,540 Whether you have dreams of creating your own gaming franchise or work alongside your 716 00:53:21,540 --> 00:53:24,580 favorite brand there is a special place for you in the sandbox. 717 00:53:24,580 --> 00:53:27,100 Also true. 718 00:53:27,100 --> 00:53:31,140 Regardless of your experience level game jams have much to offer for all creators. 719 00:53:31,140 --> 00:53:38,340 It requires quite a bit of time especially if you want to win. 720 00:53:38,340 --> 00:53:39,340 If to learn. 721 00:53:39,340 --> 00:53:42,500 If to learn how to do it. 722 00:53:42,500 --> 00:53:45,840 Benefiting the DAO community and its content creators. 723 00:53:45,840 --> 00:53:51,620 Exciting prizes reward your favorite with exciting prizes. 724 00:53:51,620 --> 00:53:54,940 Publishing opportunities and recognition within the sandbox community. 725 00:53:54,940 --> 00:53:59,180 Exposure game jams are a great way to show off your game development prowess to become 726 00:53:59,180 --> 00:54:04,300 a recognized game designer in the sandbox ecosystem while also gaining valuable feedback 727 00:54:04,300 --> 00:54:06,900 and connections within the community. 728 00:54:06,900 --> 00:54:11,700 Build your resume with strict strict time constraints. 729 00:54:11,700 --> 00:54:15,980 Also one of the reasons why I said earlier that it. 730 00:54:15,980 --> 00:54:22,460 It is something that while it does so much to offer for all creators there is. 731 00:54:22,460 --> 00:54:27,100 You got to pay attention you got to work fast and that's why I said this. 732 00:54:27,100 --> 00:54:30,340 So build your resume with strict time constraints. 733 00:54:30,340 --> 00:54:35,060 These contests offer the creators a great opportunity to rapidly build your resume as 734 00:54:35,060 --> 00:54:39,060 a creator and show the world what you are made of. 735 00:54:39,060 --> 00:54:43,220 Skill enhancement sharpen your game maker skills and experiment with new ideas. 736 00:54:43,220 --> 00:54:47,980 The game jams are an opportunity to learn grow and refine your competencies. 737 00:54:47,980 --> 00:54:51,980 Community spirit take part in a vibrant community of fellow creators where you can share your 738 00:54:51,980 --> 00:54:57,180 progress exchange ideas and collaborate with others who share your passion for game development. 739 00:54:57,180 --> 00:55:02,740 I'm willing to bet you this was copy and pasted from the article. 740 00:55:02,740 --> 00:55:06,100 Let's just copy and paste a small phrase. 741 00:55:06,100 --> 00:55:09,980 No not that one that didn't work. 742 00:55:09,980 --> 00:55:12,380 Maybe refine your competencies. 743 00:55:12,380 --> 00:55:16,580 No maybe build your resume. 744 00:55:16,580 --> 00:55:20,620 No just resume. 745 00:55:20,620 --> 00:55:26,620 No okay this sound is very canned like a PR team wrote it. 746 00:55:26,620 --> 00:55:31,580 So I thought that it might have been come it might have come from the medium article 747 00:55:31,580 --> 00:55:37,820 but maybe not. 748 00:55:37,820 --> 00:55:42,540 Maybe it's somewhere in the FAQ the docs. 749 00:55:42,540 --> 00:55:52,300 Nothing about resume okay cool looks like they wrote it for the sip. 750 00:55:52,300 --> 00:55:55,020 Put on them. 751 00:55:55,020 --> 00:55:56,020 Risk analysis. 752 00:55:56,020 --> 00:55:59,260 Minimum risk for the platform. 753 00:55:59,260 --> 00:56:04,140 The experience will nevertheless be reviewed by our internal team to ensure respect of 754 00:56:04,140 --> 00:56:07,860 the city jam rules and DAO guidelines. 755 00:56:07,860 --> 00:56:14,140 All applicants must have completed KYC just know your customer for the wallet provided 756 00:56:14,140 --> 00:56:19,580 in the registration form read more about KYC and sandbox other terms and conditions. 757 00:56:19,580 --> 00:56:27,940 Implementation plan June 27th in the submission phase July 3rd qualifications for Dell vote. 758 00:56:27,940 --> 00:56:31,220 I think what they meant was public comment. 759 00:56:31,220 --> 00:56:36,500 July 10th Dell vote starts. 760 00:56:36,500 --> 00:56:44,260 July 3rd so a week oh seven days yeah that makes sense and I need to go look at the back 761 00:56:44,260 --> 00:56:48,500 the process submitted. 762 00:56:48,500 --> 00:57:08,820 There we can put in the sip process. 763 00:57:08,820 --> 00:57:29,940 Reaction. 764 00:57:29,940 --> 00:57:39,380 Alright so there's a seven day community reaction and then a 14 day vote. 765 00:57:39,380 --> 00:57:40,380 Remember to. 766 00:57:40,380 --> 00:57:41,380 It's my. 767 00:57:41,380 --> 00:57:50,820 Fix the one where I did that with Pepe. 768 00:57:50,820 --> 00:57:55,340 One where I did. 769 00:57:55,340 --> 00:57:56,340 I did. 770 00:57:56,340 --> 00:58:14,140 The process copy and paste that. 771 00:58:14,140 --> 00:58:17,420 So community review. 772 00:58:17,420 --> 00:58:18,420 Voting. 773 00:58:18,420 --> 00:58:19,420 Cool. 774 00:58:19,420 --> 00:58:38,300 We added it here. 775 00:58:38,300 --> 00:58:58,460 All right. 776 00:58:58,460 --> 00:59:04,740 Now though closes 24th experiences alive on the map on the map six days later resources 777 00:59:04,740 --> 00:59:13,740 required cash cash price cash prize for top nine voted submissions 3000 sand each thousand 778 00:59:13,740 --> 00:59:17,540 sand times nine equals. 779 00:59:17,540 --> 00:59:22,460 Just the top nine but the article mentioned that. 780 00:59:22,460 --> 00:59:24,620 There was a step down from that. 781 00:59:24,620 --> 00:59:26,180 There we go. 782 00:59:26,180 --> 00:59:36,540 Step to 15 place was 500 sand that not in here. 783 00:59:36,540 --> 00:59:42,220 Oh not mentioned okay so it is just going to be. 784 00:59:42,220 --> 00:59:49,860 The cash prize or 27 sand 27,000 sand total. 785 00:59:49,860 --> 00:59:54,740 Let's update our little accounting checkbook. 786 00:59:54,740 --> 00:59:56,780 So we have. 787 00:59:56,780 --> 01:00:01,900 Where will it go go game contest most likely. 788 01:00:01,900 --> 01:00:03,500 Budget dedicated to game experience. 789 01:00:03,500 --> 01:00:05,820 That sounds about right. 790 01:00:05,820 --> 01:00:08,260 The sip number eight. 791 01:00:08,260 --> 01:00:11,820 And it is projected to take out. 792 01:00:11,820 --> 01:00:22,100 3000 sand times nine people or 27,000 sand that'll decrease the budget from 2.5 million 793 01:00:22,100 --> 01:00:25,980 sand to 2.47 million sand. 794 01:00:25,980 --> 01:00:30,060 So that that seems like a pretty good. 795 01:00:30,060 --> 01:00:32,060 Pretty good one. 796 01:00:32,060 --> 01:00:36,500 Plenty of budget for game content. 797 01:00:36,500 --> 01:00:39,980 Okay. 798 01:00:39,980 --> 01:00:48,220 So let's put that into prose. 799 01:00:48,220 --> 01:00:53,660 Budget request is. 800 01:00:53,660 --> 01:00:54,660 So long as it's just that. 801 01:00:54,660 --> 01:00:59,660 I'm worried not worried but I'm wondering about the tent place thing. 802 01:00:59,660 --> 01:01:03,500 So if it's. 803 01:01:03,500 --> 01:01:06,260 If it's 27,000. 804 01:01:06,260 --> 01:01:09,500 Of 2.5 million. 805 01:01:09,500 --> 01:01:15,620 That is point one percent. 806 01:01:15,620 --> 01:01:19,780 Point one percent. 807 01:01:19,780 --> 01:01:22,780 Yeah. 808 01:01:22,780 --> 01:01:40,100 Point one percent. 809 01:01:40,100 --> 01:01:48,500 So budget request is your point one percent of 2.5 million. 810 01:01:48,500 --> 01:01:52,980 Or game content category. 811 01:01:52,980 --> 01:01:59,940 Budget category. 812 01:01:59,940 --> 01:02:20,660 All right so that seems like a pretty good use of resources. 813 01:02:20,660 --> 01:02:24,340 I really want to know. 814 01:02:24,340 --> 01:02:28,380 What this council neutral thing is. 815 01:02:28,380 --> 01:02:31,700 That's odd to me. 816 01:02:31,700 --> 01:02:32,700 That's odd. 817 01:02:32,700 --> 01:02:35,500 Monitored metrics to track success. 818 01:02:35,500 --> 01:02:39,860 NB of experiences published on Harris's estate. 819 01:02:39,860 --> 01:02:42,020 I don't know what NB is. 820 01:02:42,020 --> 01:02:45,260 KPIs key performance indicators. 821 01:02:45,260 --> 01:02:46,260 Traffic KPIs. 822 01:02:46,260 --> 01:02:52,300 So I guess that means they're going to look into something. 823 01:02:52,300 --> 01:02:54,540 Not something that they'll look into. 824 01:02:54,540 --> 01:02:59,420 How many unique users visit them I guess. 825 01:02:59,420 --> 01:03:03,020 But that'll be a question I have out of this. 826 01:03:03,020 --> 01:03:05,940 Which is. 827 01:03:05,940 --> 01:03:11,860 What is NB of experiences? 828 01:03:11,860 --> 01:03:25,340 Under. 829 01:03:25,340 --> 01:03:28,340 Monitored metrics. 830 01:03:28,340 --> 01:03:43,820 All right there we go. 831 01:03:43,820 --> 01:03:44,820 Voting options. 832 01:03:44,820 --> 01:03:50,940 You will be asked to spread your voting among the 15 qualified submissions of the city jam. 833 01:03:50,940 --> 01:03:57,540 Best nine experiences will be awarded three thousand Sanchez rewards and will be published 834 01:03:57,540 --> 01:04:00,940 on a dedicated estate. 835 01:04:00,940 --> 01:04:04,820 You should vote on the experience that recreated Paraciti in the most immersive way. 836 01:04:04,820 --> 01:04:05,820 Its monument neighborhood. 837 01:04:05,820 --> 01:04:08,340 Or just a distinctive vibe. 838 01:04:08,340 --> 01:04:11,500 All right there's the article. 839 01:04:11,500 --> 01:04:12,980 I think it's the same one. 840 01:04:12,980 --> 01:04:13,980 It is. 841 01:04:13,980 --> 01:04:15,580 To test the experience. 842 01:04:15,580 --> 01:04:16,580 Install. 843 01:04:16,580 --> 01:04:17,580 Okay cool. 844 01:04:17,580 --> 01:04:19,260 Now I like this very well made. 845 01:04:19,260 --> 01:04:21,580 Good picture. 846 01:04:21,580 --> 01:04:22,940 It's the same picture as the article. 847 01:04:22,940 --> 01:04:24,500 Yep it sure is. 848 01:04:24,500 --> 01:04:25,500 So cool. 849 01:04:25,500 --> 01:04:28,740 I support. 850 01:04:28,740 --> 01:04:30,540 I support both of them. 851 01:04:30,540 --> 01:04:34,060 So what would be. 852 01:04:34,060 --> 01:04:43,700 What would be the con. 853 01:04:43,700 --> 01:04:48,700 What would be the con. 854 01:04:48,700 --> 01:04:54,740 So we have. 855 01:04:54,740 --> 01:04:57,660 A sip that talks about the game jam. 856 01:04:57,660 --> 01:05:02,900 This is a city jam. 857 01:05:02,900 --> 01:05:06,900 What I don't know is how many participants are in the jam. 858 01:05:06,900 --> 01:05:09,820 So there are one two three. 859 01:05:09,820 --> 01:05:13,020 Five six one two. 860 01:05:13,020 --> 01:05:17,260 Five six seven eight nine ten. 861 01:05:17,260 --> 01:05:20,900 Eleven twelve thirteen fourteen fifteen. 862 01:05:20,900 --> 01:05:24,300 So fifteen contestants. 863 01:05:24,300 --> 01:05:29,020 Council recommendation is. 864 01:05:29,020 --> 01:05:33,060 True. 865 01:05:33,060 --> 01:05:34,060 Same question to them. 866 01:05:34,060 --> 01:05:35,060 What is a neutral. 867 01:05:35,060 --> 01:05:36,060 Council recommendation. 868 01:05:36,060 --> 01:06:02,820 Just copy paste in. 869 01:06:02,820 --> 01:06:06,380 What it is. 870 01:06:06,380 --> 01:06:13,580 I already said the medium article. 871 01:06:13,580 --> 01:06:16,460 Fourteen contestants. 872 01:06:16,460 --> 01:06:21,060 Regardless of your experience and exciting stuff. 873 01:06:21,060 --> 01:06:22,060 Minimum risk. 874 01:06:22,060 --> 01:06:26,340 Nevertheless be reviewed. 875 01:06:26,340 --> 01:06:31,700 So what they're basically saying is they don't think there is a risk. 876 01:06:31,700 --> 01:06:34,300 Risk is required. 877 01:06:34,300 --> 01:06:37,300 Cash prize. 878 01:06:37,300 --> 01:06:42,460 Give the formula. 879 01:06:42,460 --> 01:06:46,220 But on them for giving the formula. 880 01:06:46,220 --> 01:06:47,220 Monitor success. 881 01:06:47,220 --> 01:06:48,220 OK. 882 01:06:48,220 --> 01:06:53,140 And they asked you to vote. 883 01:06:53,140 --> 01:06:54,140 For the most immersive. 884 01:06:54,140 --> 01:07:04,860 And the what is going to be vote. 885 01:07:04,860 --> 01:07:05,860 Cool. 886 01:07:05,860 --> 01:07:07,060 All right. 887 01:07:07,060 --> 01:07:11,100 So those are my thoughts on it. 888 01:07:11,100 --> 01:07:13,540 It's a novel idea. 889 01:07:13,540 --> 01:07:15,020 It's very cool. 890 01:07:15,020 --> 01:07:22,820 I like the fact that we're trying to vote on chain. 891 01:07:22,820 --> 01:07:28,540 That request is very miniscule and it seems like there's. 892 01:07:28,540 --> 01:07:30,100 I've seen game jams. 893 01:07:30,100 --> 01:07:31,300 I mean they're all over. 894 01:07:31,300 --> 01:07:32,300 Sandbox. 895 01:07:32,300 --> 01:07:33,300 Game. 896 01:07:33,300 --> 01:07:34,300 So. 897 01:07:34,300 --> 01:07:44,900 Game jams are prominently featured in the events. 898 01:07:44,900 --> 01:07:50,940 So in the events. 899 01:07:50,940 --> 01:07:52,900 So down here in the events. 900 01:07:52,900 --> 01:07:59,380 Here's Builders Challenge 2. 901 01:07:59,380 --> 01:08:02,380 There's the July. 902 01:08:02,380 --> 01:08:04,580 Avatar. 903 01:08:04,580 --> 01:08:07,340 Last Valley. 904 01:08:07,340 --> 01:08:08,340 Builders Launchpad. 905 01:08:08,340 --> 01:08:09,340 Builders Launchpad. 906 01:08:09,340 --> 01:08:12,340 Builders Launchpad. 907 01:08:12,340 --> 01:08:13,340 More Builders Launchpad. 908 01:08:13,340 --> 01:08:14,340 Where were they? 909 01:08:14,340 --> 01:08:15,340 They just saw it. 910 01:08:15,340 --> 01:08:16,340 Oh. 911 01:08:16,340 --> 01:08:17,340 Parasite Jam. 912 01:08:17,340 --> 01:08:18,620 There's one. 913 01:08:18,620 --> 01:08:20,100 There's more jams out here. 914 01:08:20,100 --> 01:08:21,460 I know I've seen them. 915 01:08:21,460 --> 01:08:22,460 So many of them. 916 01:08:22,460 --> 01:08:23,460 There's a game jam right there. 917 01:08:23,460 --> 01:08:25,900 There's another game jam. 918 01:08:25,900 --> 01:08:28,860 So there they are. 919 01:08:28,860 --> 01:08:29,860 Game jam. 920 01:08:29,860 --> 01:08:30,860 She inspires. 921 01:08:30,860 --> 01:08:35,580 Quite a bit of game jams going on. 922 01:08:35,580 --> 01:08:38,180 And cool. 923 01:08:38,180 --> 01:08:39,180 I support. 924 01:08:39,180 --> 01:08:44,260 So I will copy and paste my comments into the discourse article. 925 01:08:44,260 --> 01:08:46,780 Let's go ahead and. 926 01:08:46,780 --> 01:08:47,780 That link. 927 01:08:47,780 --> 01:08:51,060 The SIP 8. 928 01:08:51,060 --> 01:08:52,060 Alright. 929 01:08:52,060 --> 01:08:53,060 And then. 930 01:08:53,060 --> 01:08:54,060 Course. 931 01:08:54,060 --> 01:08:55,060 Link. 932 01:08:55,060 --> 01:08:58,060 I like this format. 933 01:08:58,060 --> 01:09:01,500 I like going through the SIP as it comes online. 934 01:09:01,500 --> 01:09:04,900 And then I can get my thoughts down like this. 935 01:09:04,900 --> 01:09:06,780 And just copy and paste it right in. 936 01:09:06,780 --> 01:09:07,780 Participate. 937 01:09:07,780 --> 01:09:11,460 That's pretty cool. 938 01:09:11,460 --> 01:09:13,780 Discourse link for. 939 01:09:13,780 --> 01:09:14,780 Q. 940 01:09:14,780 --> 01:09:17,780 Alright. 941 01:09:17,780 --> 01:09:24,900 What are the cons? 942 01:09:24,900 --> 01:09:25,900 Cons are. 943 01:09:25,900 --> 01:09:28,300 I don't know if there are any cons that I can think of. 944 01:09:28,300 --> 01:09:47,780 It doesn't say who the author was actually. 945 01:09:47,780 --> 01:09:54,700 What was the who section? 946 01:09:54,700 --> 01:10:01,140 There is no who section. 947 01:10:01,140 --> 01:10:06,500 Who is the author of this SIP? 948 01:10:06,500 --> 01:10:07,500 There we go. 949 01:10:07,500 --> 01:10:10,500 So that's my next question. 950 01:10:10,500 --> 01:10:12,500 Alright. 951 01:10:12,500 --> 01:10:25,380 So what's left? 952 01:10:25,380 --> 01:10:33,740 What are the cons? 953 01:10:33,740 --> 01:10:34,740 Let's go. 954 01:10:34,740 --> 01:10:38,260 Let's get at least one con and then we can be done. 955 01:10:38,260 --> 01:10:41,260 For today. 956 01:10:41,260 --> 01:10:45,940 Con might be. 957 01:10:45,940 --> 01:10:47,940 Con. 958 01:10:47,940 --> 01:10:54,140 Got to be something. 959 01:10:54,140 --> 01:11:05,140 Got to be something out there. 960 01:11:05,140 --> 01:11:17,140 I can't think of anything right now. 961 01:11:35,140 --> 01:11:45,620 I think it was pretty well put together. 962 01:11:45,620 --> 01:11:46,620 It was concise. 963 01:11:46,620 --> 01:11:54,820 It spoke to the value. 964 01:11:54,820 --> 01:11:57,140 Maybe that was the one thing. 965 01:11:57,140 --> 01:12:00,100 Light on impact. 966 01:12:00,100 --> 01:12:11,500 Unknown because the article, the SIP doesn't communicate the expected impact from increased 967 01:12:11,500 --> 01:12:17,060 traffic or visibility. 968 01:12:17,060 --> 01:12:19,060 San Fam. 969 01:12:19,060 --> 01:12:20,060 Visibility. 970 01:12:20,060 --> 01:12:27,860 Now let's put as a con the unknown impact. 971 01:12:27,860 --> 01:12:34,420 Yeah, I think that's good enough. 972 01:12:34,420 --> 01:12:35,660 That works out. 973 01:12:35,660 --> 01:12:36,820 Okay. 974 01:12:36,820 --> 01:12:50,340 So we discussed and analyzed of SIP 7 and analysis of SIP 8. 975 01:12:50,340 --> 01:12:52,780 SIP being Sandbox Improvement Proposal. 976 01:12:52,780 --> 01:12:57,020 They just released I think today. 977 01:12:57,020 --> 01:13:04,020 So I am this is hot off the press. 978 01:13:04,020 --> 01:13:31,420 Cool. 979 01:13:31,420 --> 01:13:33,380 And we'll end it here. 980 01:13:33,380 --> 01:13:38,380 So we did our analysis of SIP 7 and 8. 981 01:13:38,380 --> 01:13:42,740 Before we close out we will raid someone. 982 01:13:42,740 --> 01:13:46,700 Hopefully there's someone on Sandbox. 983 01:13:46,700 --> 01:13:51,460 So that closes out surprise episode 5. 984 01:13:51,460 --> 01:13:55,500 Episode. 985 01:13:55,500 --> 01:14:05,540 Episode 1 was Community Reaction part 1 with Andy, Richie and Hoddle. 986 01:14:05,540 --> 01:14:09,500 Hoddle Hill. 987 01:14:09,500 --> 01:14:14,820 And episode 2 was a look into the SIP process with Pepe. 988 01:14:14,820 --> 01:14:17,540 That was Magic Pallet. 989 01:14:17,540 --> 01:14:25,220 Episode 3 was a look into the SIP process with Karel who was the creator first SIP author. 990 01:14:25,220 --> 01:14:27,660 Pepe's Magic Pallet is still ongoing. 991 01:14:27,660 --> 01:14:30,900 It only has a few hours left. 992 01:14:30,900 --> 01:14:31,900 Two hours left. 993 01:14:31,900 --> 01:14:33,980 It's ending very soon. 994 01:14:33,980 --> 01:14:39,220 But there's the Blasted Cloudfare Forbidden again. 995 01:14:39,220 --> 01:14:42,220 But it's at like 99% yes and it's reached core. 996 01:14:42,220 --> 01:14:46,180 So very likely to pass. 997 01:14:46,180 --> 01:14:52,780 And then not long ago Community Reactions part 2 with Crafter and Joseph. 998 01:14:52,780 --> 01:14:58,980 So we got our reaction on Sandbox Down there. 999 01:14:58,980 --> 01:15:08,820 And then the surprise one I decided to do this podcast for SIP 7 and 8 which just released 1000 01:15:08,820 --> 01:15:15,660 and is about to go to vote here very shortly. 1001 01:15:15,660 --> 01:15:20,780 As you might see here I do have another podcast coming up. 1002 01:15:20,780 --> 01:15:24,620 Episode 6 scheduled tentatively with MochaCN. 1003 01:15:24,620 --> 01:15:28,860 CN being the Chinese community for a mochaverse. 1004 01:15:28,860 --> 01:15:32,500 And I'll be doing that with Old One. 1005 01:15:32,500 --> 01:15:37,580 I reached out to him through the... 1006 01:15:37,580 --> 01:15:42,580 Through trying to help Pepe reach a quorum. 1007 01:15:42,580 --> 01:15:47,140 I started looking at some people who he hadn't touched out, he hadn't reached out to yet. 1008 01:15:47,140 --> 01:15:53,340 And G mentioned that some of the mochaverse people were major landowners and didn't look 1009 01:15:53,340 --> 01:15:54,860 like they had voted yet. 1010 01:15:54,860 --> 01:15:56,340 So he mentioned Old One. 1011 01:15:56,340 --> 01:16:04,380 I looked up Old One on Twitter and sent him a tweet and turned out that we reached an 1012 01:16:04,380 --> 01:16:09,900 agreement on a podcast where we can kind of ask him about the mochaCN where I think G 1013 01:16:09,900 --> 01:16:17,460 mentioned that mochaCN is the biggest delegation within the mochaverse. 1014 01:16:17,460 --> 01:16:24,540 And the mochaverse has a large member base that owns and participates in Sandbox. 1015 01:16:24,540 --> 01:16:33,380 So a potential look into a community, what they like to do, how they vote, what they 1016 01:16:33,380 --> 01:16:35,220 look for when they vote. 1017 01:16:35,220 --> 01:16:37,540 So really interested in that. 1018 01:16:37,540 --> 01:16:43,700 And then I am putting the finishing touches on my dive into the Sandbox Foundation articles 1019 01:16:43,700 --> 01:16:45,380 and documents. 1020 01:16:45,380 --> 01:16:52,620 That's all the legal stuff that I did in a previous setup podcast. 1021 01:16:52,620 --> 01:16:53,620 And it'll... 1022 01:16:53,620 --> 01:16:59,640 I'm trying to get Cyril there who is the Sandbox DAO architect. 1023 01:16:59,640 --> 01:17:04,980 So I have a list of questions and analyses and remarks that I noted as I read through 1024 01:17:04,980 --> 01:17:10,740 both the articles of association and the articles of the memorandum. 1025 01:17:10,740 --> 01:17:24,220 So that was what we call the bylaws and also the articles of incorporation, like the Constitution. 1026 01:17:24,220 --> 01:17:30,140 So I would look very much forward to getting Cyril in on that podcast episode as soon as 1027 01:17:30,140 --> 01:17:31,780 I'm able to get in touch with him. 1028 01:17:31,780 --> 01:17:36,340 So Cyril, if you're watching this, please reach out to me. 1029 01:17:36,340 --> 01:17:40,740 I've tweeted at you, sent you a LinkedIn message. 1030 01:17:40,740 --> 01:17:51,020 So if you are able to, please respond so we can talk about being on this episode or diving 1031 01:17:51,020 --> 01:17:53,140 into the Sandbox Foundation. 1032 01:17:53,140 --> 01:17:58,500 I know you mentioned in AMAs about three or four weeks ago, you asked if anyone had read 1033 01:17:58,500 --> 01:18:01,440 it and there weren't many people who did raise their hand. 1034 01:18:01,440 --> 01:18:06,260 So I read all of it and I made my notes and there's some things I'd really like to ask 1035 01:18:06,260 --> 01:18:14,140 about to understand better so that the community can understand what is the foundation of the 1036 01:18:14,140 --> 01:18:15,700 Sandbox Foundation. 1037 01:18:15,700 --> 01:18:16,700 So cool. 1038 01:18:16,700 --> 01:18:21,860 All right, we're going to start the raid and outro. 1039 01:18:21,860 --> 01:18:22,860 So thank you all. 1040 01:18:22,860 --> 01:18:45,500 I appreciate it and have a good night.