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All right, everybody Sandal podcast episode nine.

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I have with me today Arthmore.

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Am I pronouncing that correctly?

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Yeah, I'm not sure myself how you're supposed to pronounce it.

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So you can call me Brian if that's what Brian.

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Sure, Brian.

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Well, I have with me today Brian, also known as Arthmore.

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So if you're on the Dow forums, you'll see him under that name with the picture of the

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guy in the hat and the suit and apple over his face, which I'm love.

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I want to ask you about when we get to the introductions.

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But today we're going to be talking about the his SIP that is currently in the Dow forums

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under SIP draft.

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So as you can see in my thumbnail over here to the right under proposal SIP draft, you'll

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see mandate for Dow collection management.

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What's the SIP we'll be talking about today, which is currently going under the 14 day

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community comment period before it goes to vote for 14 days.

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And yeah, welcome to the scope of the talk.

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Scope of the talk today is a meet and greet and it's about the SIP draft.

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So those are the two things that we're going to hit today.

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Who is the author and what is the SIP about?

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Introductions.

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My name is Lancer.

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I am a the podcast host for Sandow podcast.

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I've been an avatar landowner and in the in sandbox since mid season one and program management

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background contract negotiation background.

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I got a question yesterday from who was it that sent me that question yesterday?

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Why am I part of the sandbox team?

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I am not.

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I'm an independent person.

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I do this because I love the sandbox.

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The sandbox I believe in the Dow's vision and I want to help make it successful as a

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sand fan member.

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So that's me and Brian, please introduce.

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Myself.

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Yeah, so there's a bit of a bio of mine in the SIP, but it's quite long, but to be short,

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I've been involved in anything related to blockchain and art for the past seven or eight

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years now, pretty much as soon as I graduated from high school, worked a bit at Sotheby's.

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I was in charge of NFTs there once I was done with my master degree in art business.

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Also a bunch of black certification in collection management and other related degrees.

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And since I've left Sotheby's last September, I sort of went back to what I was doing before

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that, which is organizing exhibition myself.

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And that's my mom behind.

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Cool.

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Merci.

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C'est gentil.

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Oui, tu peux partir s'il te plait?

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Sorry for that.

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That's okay.

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I can blur that out on video if you prefer her not to be on video.

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Yeah, thank you.

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Yeah, no problem.

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Yeah, and so I've been doing this and that, doing exhibition in fairs and work to event

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and art fairs, representing artists.

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And I also have a startup called Artcrush and we're doing a digital exhibition on public

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display exhibition on billboard across the world in 27 or so countries for the last two

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years.

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Okay, got it.

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And so I assume you're from France?

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Yeah, yeah.

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As the accent can give it away.

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Yeah, well, definitely speaking French gave it away.

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Cool.

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Cool.

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And so you've been in the Web 3 blockchain industry since high school?

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Yeah, since 2016, 17, pretty much.

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I mean, it was specifically the blockchain and art industry, which was anything about

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the blockchain application for trustability, provenance, research, and the authentication

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of artwork.

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Before NFT existed, there was already a bunch of people that were interested about how to

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apply a blockchain system to the art world.

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And we bunch of startup company existed in that regard.

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To name a few, there was Codex Protocol, MasterNAS, Verisart, a bunch of those not exist anymore.

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And yeah, but then it was all about, you know, sort of providing a solution to counterfeiters

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and to apply blockchain system to real world assets, specifically artwork.

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Got it.

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Okay.

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So you sound like you do have quite an expertise in this realm.

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Cool.

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I definitely we're not we're not many to get interested by that topic back there.

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We were perhaps a dozen in the world, if I remember, like Jason Bailey, George Bach,

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Kevin Abosh, Art Nome.

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You know, there's also Benoit Couty and a bunch of people like that.

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But it was a very small circle of scholars and research.

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I was interested by that really.

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Yeah, I remember, for example, when SuperR launched and stuff like that, there was really

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a moment where we see a soul shift to digital.

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But before that, it was really about physical art.

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Gotcha.

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Thank you.

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Appreciate learning about you.

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So disclaimer, Brian and I do not represent the sandbox game or the sandbox foundation.

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We are not your legal or financial advisors and nothing we say to be taken as legal and

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financial advice.

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The Dow score barred.

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So we currently have one sip in draft on the forums.

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This one we're talking about today, the mandate for Dow collection, talking about the NFT

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collection that Brian here, otherwise known as Arthmoret, is currently under community

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review.

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We have eight sips closed in total.

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Seven of them were approved.

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The latest being sip seven being the saking budget and one of them not being approved,

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which was sip eight, which was the Parasiti jam.

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From France, Arthmoret from France.

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So the reason why that one didn't pass is because it didn't reach quorum.

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So it had an overwhelming yes vote.

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It just didn't reach that 30 million quorum.

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It only reached about 60% or 16 million.

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One was archived.

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So the creator first, that was, I believe, podcast three or four with Karel.

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That one was archived with no vote.

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I'm still reaching out to him to figure out what happened there.

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And for MetaWorlds, we submitted our sixth sip, or it would be our fifth sip, which was

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the funding of this Sandow podcast to the community.

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So it should be right behind you, Arthmoret, your mandate for Dow collection.

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And then that'll go to community vote just like everything else.

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But that brings us to now with seven sips passed, 13% of the budget has been expensed.

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13%.

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And I will need to insert a line for yours, Arthmoret.

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So if it were to pass, how much would that ask on the budget as well?

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And which category were you going for here?

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Your budget?

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Well, I'm not entirely sure, to be honest, I guess it's the NFT side of things.

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The NFT side?

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Okay.

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Yeah.

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I mean, I'm not fully aware of the sort of the partition of however all the budget that

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works.

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Most of the projects around the collection is meant to be self-funded through the sales

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of most NFTs in the existing collection.

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The only thing that is, I guess, to take it out from the budget is the remuneration that

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I'm asking and Greta is asking for this mission.

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Okay, got it.

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And also the cost of organizing the exhibition that comes with it.

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Got it.

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Yeah, we'll get into the price as well.

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And then I think we'll probably know which which budgets coming out of after that.

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Okay, Brian, let's get right into the discussion.

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So a number one, what inspired the title mandate for Dow collection management?

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What's behind that?

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I guess it might be a very French wording.

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But you know, I like the word mandate because it's when I was asked for the job, when I

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was like scooted out for the job, I first didn't really realize that I would have to

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submit the SIP and have to go to the vote, etc.

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And so to me, I'm asking for a mandate, so just like anyone you would elect in, you know,

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any democratic process, people in a representative democracy, people have a mandate to give them

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the trust and you trust them enough to be able to put the program in use, right?

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Why did I put that?

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Because in my risk analysis, the main risk I always have to face when dealing with management

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of collection was whenever a collectors or foundation or institution would ask me to

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manage the collection, they would say, well, you have this much budget for this much time,

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right?

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And sometimes some clients, they have issue, you know, personal issue that make it so that

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they need liquidity.

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And they want to, you know, back it up.

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And they want to, you know, go out from that mandate.

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And so often, the main problem is that because of that, you cannot go through your strategy

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fully.

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And so when I ask for a mandate is that I ask people to trust me, whatever my strategy

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and not to be like, oh, let's vote for impeaching, whoever was in charge at some point, you know.

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So the notion of mandate is the fact that I'm asking people to, you know, elect me to

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direct the collection for bits with the strategy that I'm proposing.

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And that if they're not happy with what I'm doing after my mandate is done, they can elect

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someone else.

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They can really if they are happy with it, but I asked them to sort of trust me throughout

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the process until we reached a deadline that is decided by sandbox, which is every first

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of January or 31 of December, pretty much.

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Okay, got it.

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And yeah, well, that's the term mandate is because of that.

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I guess that's the one that sort of ticked with you.

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And collection management is because that's what the mission is about.

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And I will be able to describe a bit more what the job of a collection manager is.

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It's described within the seat, but I know that most people are, I guess, not familiar

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with the type of profile and job situation, which I'm not totally well.

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Yeah, let's get let's get right into that.

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So how did all this come about?

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Where did it start?

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It started through Jean-Michel Payon, which I believe is a member of your council or advisor

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board or something like that.

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Because someone that I've been familiar with a few years now is in charge of great capital.

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And what happened is I guess he knows personally, Sebastian Borger and the other founder of sandbox

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is someone that, you know, truly believe in his thesis is that digital art is going to

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be a trillion dollar worth asset within 10 years.

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And for that, he built a company called Great Capital, where he proposed structured funds

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around digital art investment, especially NFTs and in Web3.

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And so I guess it was last year we did during NFT Paris, we met him again in NFC at Lisbon

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at the Arab Bank.

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And I know a bunch of people from sandbox were there.

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What they did is they sort of went through the collection that exists within the wallet

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that is shared within the SIP, realizing that a large part of the collection was established

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within 2021 and 2022, where the main market focus was PFP collectibles.

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So 10 key 10k avatar collection pretty much.

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And just realized that, you know, it's not really diversified heavily reliant on that

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specific market category at 95 98 percent.

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And therefore, it seems he wanted to propose that we diversify the collection to a more

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art centric point of view.

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I guess he couldn't do it himself because he's a very busy guy.

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And he was looking for people that have experience in that field.

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So he reached out to me, I had a call with Cyrille that is in charge of the things that

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are related to the DAO.

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The DAO administrator.

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Is the DAO administrator, OK?

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I was in charge of his title.

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So we had a call explaining the situation, the project that, you know, most of the wallet

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that is at the moment in custody of Sebastien Bourget and his co-founder will be transferred

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to the DAO.

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And, and yeah, they thought, you know, anything when you have that much of assets locked,

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it's important to manage it with flexibility and actively.

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And yeah, and so the other just say that it's too heavily reliant on collectibles and that

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it might be worth as a midterm, long term strategy to slowly liquidate part of this

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collection and acquire, you know, other category of the market, namely the art more side of

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that, which I'm specializing because we just believe that it's a more resilient market

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and it's, you know, more in tune with the ideals of sandbox and the mission that it

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trying to pursue with this DAO.

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And yeah, so that's all it came about.

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It was honestly, that went very fast because they reached out to me, not even a month ago.

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So I did this sip in a week and we submitted through the draft right on.

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So you reached out a month ago.

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OK.

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And are you, when did you have the call with Sero?

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Yeah, about a month ago, two weeks ago, perhaps.

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I had to do that this quite fast, honestly, went through the template they had, learn

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a bit about the process, you know, and try to sort of price things out and do all the

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primary work that is needed.

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And are you an employee of Jean-Michel or are you a partner, a freelancer?

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No, I don't work with Jean-Michel.

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Jean-Michel is one of my clients.

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He has bought artwork in my exhibition before.

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Usually through the Arab Bank of Sudan, which he's the curator of.

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And so in my last exhibition, he bought a work.

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But you know, he was a founder of, one of the founder of Ledger.

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So he's been, I know him from the space around for quite a while now.

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From far away, then we became a bit more close, but it's always been like a very friendly

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relationship, I'd say.

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And I don't really work with him whatsoever.

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Yeah.

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He's super nice to come to my exhibition, support the artist I'm trying to support as

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00:15:57,040 --> 00:15:58,040
well.

238
00:15:58,040 --> 00:16:04,400
And yeah, sometimes he did sponsor a show of friends of mine that I've introduced him

239
00:16:04,400 --> 00:16:06,120
to, but that's about it.

240
00:16:06,120 --> 00:16:11,700
Okay, so he's a client and you mentioned exhibitions, which is also mentioned in your SIP.

241
00:16:11,700 --> 00:16:16,080
When you say offline as exhibitions in your SIP, is that what you're referring to, the

242
00:16:16,080 --> 00:16:17,800
exhibitions you're doing now?

243
00:16:17,800 --> 00:16:23,920
So offline or ERL exhibition is what I've been doing for the last few years.

244
00:16:23,920 --> 00:16:29,800
It's about organizing ERL shows with a scenographic element writing text.

245
00:16:29,800 --> 00:16:34,240
There's a lot that goes into making an exhibition, but yeah, that's usually what I do.

246
00:16:34,240 --> 00:16:38,600
The last one I did personally was during NFT Paris, where I had a booth there.

247
00:16:38,600 --> 00:16:43,680
So when you set up a booth and present an artist, that's an exhibition.

248
00:16:43,680 --> 00:16:46,960
But it can take so many forms.

249
00:16:46,960 --> 00:16:53,920
But yeah, that's one of the things I think would be nice to showcase at least the position

250
00:16:53,920 --> 00:16:56,680
we'll be making for this now.

251
00:16:56,680 --> 00:17:00,800
And you said you've been doing the exhibition for how many years, two or three?

252
00:17:00,800 --> 00:17:05,840
Yeah, about that, I was not done with the master quite yet.

253
00:17:05,840 --> 00:17:11,960
My first exhibition, which I guess was one of the first exhibition of NFTs in Europe,

254
00:17:11,960 --> 00:17:19,920
was in February 2021 at an art fair called the Men Art, which I presented artists that

255
00:17:19,920 --> 00:17:21,800
was mostly refugees.

256
00:17:21,800 --> 00:17:28,800
And the topic was saying how WebTree was a tool for emancipation and how the ideals of

257
00:17:28,800 --> 00:17:35,840
the blockchain fits, especially the political situation of country like Lebanon, Syria,

258
00:17:35,840 --> 00:17:40,360
UK, Iran, for example.

259
00:17:40,360 --> 00:17:44,800
So yeah, that was my first exhibition that I did organize on my own.

260
00:17:44,800 --> 00:17:49,040
But before that, I worked in art galleries, auction houses.

261
00:17:49,040 --> 00:17:54,240
So I did have to deal with organizing the mission before that, but I was an intern.

262
00:17:54,240 --> 00:17:56,880
And I wasn't the one taking the financial risk.

263
00:17:56,880 --> 00:17:59,240
So it's a bit of a different gig.

264
00:17:59,240 --> 00:18:02,240
Got it.

265
00:18:02,240 --> 00:18:04,360
And going back to what you were...

266
00:18:04,360 --> 00:18:05,360
Hello?

267
00:18:05,360 --> 00:18:06,360
Hello?

268
00:18:06,360 --> 00:18:07,360
Can you hear me?

269
00:18:07,360 --> 00:18:08,360
Can you hear me okay?

270
00:18:08,360 --> 00:18:20,400
I can hear me.

271
00:18:20,400 --> 00:18:21,400
We can hear you.

272
00:18:21,400 --> 00:18:22,400
Can you hear each other?

273
00:18:22,400 --> 00:18:38,400
Say something, Brian?

274
00:18:38,400 --> 00:18:42,320
You're back.

275
00:18:42,320 --> 00:18:43,320
Okay.

276
00:18:43,320 --> 00:18:44,320
You froze for a minute.

277
00:18:44,320 --> 00:18:45,320
I'm sorry.

278
00:18:45,320 --> 00:18:46,320
Okay, got it.

279
00:18:46,320 --> 00:18:47,320
Got it.

280
00:18:47,320 --> 00:18:48,320
No problem.

281
00:18:48,320 --> 00:18:57,360
So where all this began was Jean-Michel, how did he originally propose this SIP to you?

282
00:18:57,360 --> 00:18:59,120
How did he do that?

283
00:18:59,120 --> 00:19:06,080
I think he was in the context of us going to the vernissage of an exhibition at Adverse

284
00:19:06,080 --> 00:19:07,600
Gallery.

285
00:19:07,600 --> 00:19:12,840
I guess we went out for dinner and he told me that he was working on setting up the DAO.

286
00:19:12,840 --> 00:19:19,160
So I think he had had a pretty big impact on setting up this DAO throughout to pitch

287
00:19:19,160 --> 00:19:22,160
it to the founders of Thumblox.

288
00:19:22,160 --> 00:19:27,880
And his job is to also invest in digital art and manage collection in a way.

289
00:19:27,880 --> 00:19:34,280
So I guess he just knew there was this coming up and he needed someone to deal with it.

290
00:19:34,280 --> 00:19:40,560
So it was quite, how do you call that, informal in many regards at first.

291
00:19:40,560 --> 00:19:43,600
And this was a little over a month ago at NFC Lisbon?

292
00:19:43,600 --> 00:19:47,080
No, NFC Lisbon was many months ago.

293
00:19:47,080 --> 00:19:52,960
Now that was, yeah, NFC Lisbon was in May, I think.

294
00:19:52,960 --> 00:19:57,200
No, it was just, I think it was because of the opening of the Adverse Gallery that recently

295
00:19:57,200 --> 00:20:03,440
opened, which is a gallery that is owned by Sébastien Banger.

296
00:20:03,440 --> 00:20:05,560
And this was about a little over a month ago?

297
00:20:05,560 --> 00:20:06,560
Yeah.

298
00:20:06,560 --> 00:20:07,560
Okay, got it.

299
00:20:07,560 --> 00:20:11,040
It was just four weeks ago or something.

300
00:20:11,040 --> 00:20:13,960
What I mean by that is just that it's been quite a recent project.

301
00:20:13,960 --> 00:20:15,960
Yeah, I got it.

302
00:20:15,960 --> 00:20:16,960
Okay.

303
00:20:16,960 --> 00:20:21,680
And you mentioned that the DAO has assets.

304
00:20:21,680 --> 00:20:24,440
I didn't know the DAO had any assets.

305
00:20:24,440 --> 00:20:25,960
When did this transfer happen?

306
00:20:25,960 --> 00:20:30,160
And I saw that there's 14,000 assets in your set proposal?

307
00:20:30,160 --> 00:20:31,160
Yeah.

308
00:20:31,160 --> 00:20:39,200
I don't think they have it per se already, but it's very much in plan to have this collection

309
00:20:39,200 --> 00:20:46,000
that we're talking about here being transferred into the custody or at least the jurisdiction

310
00:20:46,000 --> 00:20:47,000
of the DAO.

311
00:20:47,000 --> 00:20:51,480
But yeah, people are not aware of it because it's not a corporate collection of the sandbox,

312
00:20:51,480 --> 00:20:55,880
it's a personal collection of the sandbox founders.

313
00:20:55,880 --> 00:21:01,680
This is, I guess, I don't know how that goes on the budget or the valuation of the DAO

314
00:21:01,680 --> 00:21:07,640
itself, but usually a lot of DAOs are built around a common treasury and often other DAOs

315
00:21:07,640 --> 00:21:10,680
are built around a common collection.

316
00:21:10,680 --> 00:21:15,120
So I guess that just if you guys were not aware of it, that's good news in any way.

317
00:21:15,120 --> 00:21:17,120
No, I had no idea.

318
00:21:17,120 --> 00:21:18,120
Yeah.

319
00:21:18,120 --> 00:21:24,920
So and I think that was very much into an idea that from Jean-Michel, he's the best

320
00:21:24,920 --> 00:21:26,280
one to respond for himself.

321
00:21:26,280 --> 00:21:31,720
So I cannot really tell what's going on to those upper echelon.

322
00:21:31,720 --> 00:21:39,800
But yeah, as far as I'm concerned, those wallets and assets within those wallets will be transferred

323
00:21:39,800 --> 00:21:43,320
into the custody of the DAO itself.

324
00:21:43,320 --> 00:21:49,320
And even if my seat does not go through, I guess this will still happen, I hope at least.

325
00:21:49,320 --> 00:21:53,400
And then, you know, I guess you guys will be about to decide whatever to do with it

326
00:21:53,400 --> 00:21:55,960
if you want to liquidate it.

327
00:21:55,960 --> 00:21:59,000
All right, then.

328
00:21:59,000 --> 00:22:02,240
I'm really glad we had this conversation, Brian, because I did not know that.

329
00:22:02,240 --> 00:22:06,120
I'm quite sure most of the DAO San Fam did not know that either.

330
00:22:06,120 --> 00:22:08,960
Don't take my word for it.

331
00:22:08,960 --> 00:22:11,520
Just that I've been very much informed about it.

332
00:22:11,520 --> 00:22:15,880
And all I know is that they need someone to manage it and they wanted to go through the

333
00:22:15,880 --> 00:22:18,640
DAO system to manage that.

334
00:22:18,640 --> 00:22:25,280
If it will be transferred, if that seat doesn't go through, I'm honestly unaware of.

335
00:22:25,280 --> 00:22:31,200
That would be a good question to ask, but I'm not the best place to answer the specific

336
00:22:31,200 --> 00:22:32,200
question.

337
00:22:32,200 --> 00:22:38,160
All I know is that if I were to manage it, it will obviously be under the custody of

338
00:22:38,160 --> 00:22:40,600
the DAO at this point.

339
00:22:40,600 --> 00:22:41,600
Got it.

340
00:22:41,600 --> 00:22:42,600
OK.

341
00:22:42,600 --> 00:22:43,600
Cool.

342
00:22:43,600 --> 00:22:47,920
So that I think that pretty well establishes how this all came to be.

343
00:22:47,920 --> 00:22:48,920
That's good.

344
00:22:48,920 --> 00:22:50,240
That makes sense.

345
00:22:50,240 --> 00:22:55,360
So what is this sip wine to accomplish?

346
00:22:55,360 --> 00:23:03,240
I think from what I understand, you're proposing that the DAO management, excuse me, the management

347
00:23:03,240 --> 00:23:06,240
of those assets after they're transferred to the DAO.

348
00:23:06,240 --> 00:23:08,400
Did they and did anyone say when this was going to happen?

349
00:23:08,400 --> 00:23:10,480
Has it already happened?

350
00:23:10,480 --> 00:23:11,480
The transfer?

351
00:23:11,480 --> 00:23:14,240
I don't think it has already happened.

352
00:23:14,240 --> 00:23:19,960
We have suggested to them what the operational system should be because obviously, you know,

353
00:23:19,960 --> 00:23:23,000
a lot of those assets are not meant to be sold, I believe.

354
00:23:23,000 --> 00:23:27,600
A large part of those assets are like sandbox land, sandbox assets.

355
00:23:27,600 --> 00:23:30,080
So we're not going to sell those, obviously.

356
00:23:30,080 --> 00:23:35,920
So I think we're going to make, as I think it's written in the SIP, one wallet as a vault,

357
00:23:35,920 --> 00:23:39,600
which anything we're not going to sell anymore, we're going to put there.

358
00:23:39,600 --> 00:23:45,440
One wallet as an operational wallet for selling and buying.

359
00:23:45,440 --> 00:23:49,040
And a large part of those assets are honestly not even worth the gas.

360
00:23:49,040 --> 00:23:51,600
And so we'll be liquidated from those wallet originally.

361
00:23:51,600 --> 00:23:55,880
And when that will be done, the funds will be transferred to the second wallet that I

362
00:23:55,880 --> 00:23:56,880
mentioned.

363
00:23:56,880 --> 00:23:57,880
Okay.

364
00:23:57,880 --> 00:23:58,880
Okay.

365
00:23:58,880 --> 00:24:01,320
So you run us through a summary of...

366
00:24:01,320 --> 00:24:06,480
Did you lose me again?

367
00:24:06,480 --> 00:24:09,160
Am I frozen?

368
00:24:09,160 --> 00:24:11,960
So that's just my connection of my room recently.

369
00:24:11,960 --> 00:24:12,960
Okay.

370
00:24:12,960 --> 00:24:14,240
I'm not quite set up.

371
00:24:14,240 --> 00:24:16,140
He's lost connection a bit.

372
00:24:16,140 --> 00:24:17,640
So while he's waiting to get back.

373
00:24:17,640 --> 00:24:20,120
So okay, that makes a lot more sense.

374
00:24:20,120 --> 00:24:24,040
I'm glad that he explained that background.

375
00:24:24,040 --> 00:24:27,600
And I'll send him a quick message.

376
00:24:27,600 --> 00:24:30,960
Ah, you're back.

377
00:24:30,960 --> 00:24:31,960
I'm back.

378
00:24:31,960 --> 00:24:32,960
Okay, cool.

379
00:24:32,960 --> 00:24:33,960
Yeah, no problem.

380
00:24:33,960 --> 00:24:34,960
No problem.

381
00:24:34,960 --> 00:24:37,120
Just continue to say when it's frozen, because while you're doing that, I can just recount

382
00:24:37,120 --> 00:24:39,720
with the audience what's been happening.

383
00:24:39,720 --> 00:24:40,720
And then when...

384
00:24:40,720 --> 00:24:41,720
Yeah, no, we're good.

385
00:24:41,720 --> 00:24:42,720
We'll go right through this.

386
00:24:42,720 --> 00:24:43,800
That's no problem.

387
00:24:43,800 --> 00:24:47,400
So walk me through...

388
00:24:47,400 --> 00:24:55,800
This SIP is about your nomination to manage that, not that the transfer will happen.

389
00:24:55,800 --> 00:24:58,040
Because the transfer is going to happen regardless.

390
00:24:58,040 --> 00:25:00,640
This SIP is about your nomination to manage it.

391
00:25:00,640 --> 00:25:01,640
Oui?

392
00:25:01,640 --> 00:25:02,640
Yes.

393
00:25:02,640 --> 00:25:03,640
That's correct.

394
00:25:03,640 --> 00:25:08,720
Because managing, building up a collection is just a job.

395
00:25:08,720 --> 00:25:09,720
Most people don't know of it.

396
00:25:09,720 --> 00:25:13,200
Of course, being an art collector is not a job.

397
00:25:13,200 --> 00:25:16,120
But being a collection manager is very much is.

398
00:25:16,120 --> 00:25:20,160
What is the difference between a collection manager and an art collector?

399
00:25:20,160 --> 00:25:25,480
First is who's money is buying the things that is actually entering the collection for

400
00:25:25,480 --> 00:25:26,480
once.

401
00:25:26,480 --> 00:25:32,480
But also the fact that, you know, building up a collection with a thesis, with an angle,

402
00:25:32,480 --> 00:25:36,440
with an objective is something that takes time.

403
00:25:36,440 --> 00:25:41,240
And collectors that I've worked with, you know, in both physical art or digital art,

404
00:25:41,240 --> 00:25:45,760
they have collection that has so many assets that they can barely track anymore and barely

405
00:25:45,760 --> 00:25:53,760
realize what is valuable, what is even worth keeping, or which is the direction this collection

406
00:25:53,760 --> 00:25:55,560
is going to.

407
00:25:55,560 --> 00:25:59,840
And then when things get big, you know, you have a lot of administrative stuff to do.

408
00:25:59,840 --> 00:26:04,920
So it's all physical artists about insurances, transportation, knowing where is where, what

409
00:26:04,920 --> 00:26:05,920
is where, et cetera.

410
00:26:05,920 --> 00:26:12,280
Because, you know, funnily enough, it's quite easy to lose track of an artwork when you

411
00:26:12,280 --> 00:26:15,720
move it around in different locations and stuff like that.

412
00:26:15,720 --> 00:26:22,120
And also just manage things like museum lending, you know, all that takes a lot of time that

413
00:26:22,120 --> 00:26:26,760
most collectors that usually are successful business entrepreneurs don't really have time

414
00:26:26,760 --> 00:26:28,600
to focus on.

415
00:26:28,600 --> 00:26:31,320
So they delegate that to a collection manager, right?

416
00:26:31,320 --> 00:26:38,200
And yeah, it's all about being, I guess, a bit decisive about what we're doing with those

417
00:26:38,200 --> 00:26:39,200
assets.

418
00:26:39,200 --> 00:26:45,840
You couldn't very much, you know, live it as it is, and cross fingers, hopefully, in

419
00:26:45,840 --> 00:26:50,160
the next few years, it will be worth more than it actually is.

420
00:26:50,160 --> 00:26:55,760
But my hunch is that, you know, is it really meaningful for the sandbox now to own a bunch

421
00:26:55,760 --> 00:26:58,840
of PFP, Tenki, Avatar collectibles?

422
00:26:58,840 --> 00:27:00,840
I don't really think so.

423
00:27:00,840 --> 00:27:07,600
I think it's much more interesting to limit the number of assets within the collection,

424
00:27:07,600 --> 00:27:16,120
refocus the collection toward a more art-centric system, support, you know, independent artists,

425
00:27:16,120 --> 00:27:22,560
just like, you know, sandbox is trying to provide a platform to independent creator,

426
00:27:22,560 --> 00:27:29,680
and use that as, at some point, a leverage to, you know, recognizability of the sandbox

427
00:27:29,680 --> 00:27:32,800
as, you know, sort of a corporate collection.

428
00:27:32,800 --> 00:27:41,440
And just, I guess it's a matter of also trying to support the ecosystem of sandbox, but also

429
00:27:41,440 --> 00:27:44,960
use it as almost like a lobbyist system.

430
00:27:44,960 --> 00:27:49,200
At some point, you know, entering a big collection is really important.

431
00:27:49,200 --> 00:27:54,520
And I've put within the SIP a phrase that I think they've finally told is that the whole

432
00:27:54,520 --> 00:27:57,280
should be greater than the sum of its parts.

433
00:27:57,280 --> 00:28:01,080
At the moment, the value of the collection that is in the sandbox, it's just the sum

434
00:28:01,080 --> 00:28:02,080
of its parts.

435
00:28:02,080 --> 00:28:07,880
So it's this body plus this whatever thing equal that much value, right?

436
00:28:07,880 --> 00:28:13,880
When you're a big collector or a big institutional collection, the fact that you collect some

437
00:28:13,880 --> 00:28:17,480
of the things provide what we call provenance.

438
00:28:17,480 --> 00:28:23,360
And if you have the same two edition of the same artwork, and one was owned by a very

439
00:28:23,360 --> 00:28:28,720
recognized collectors and one was owned by nobody, chances that if you're selling it

440
00:28:28,720 --> 00:28:33,760
at auction, the first one is going to be at a much higher estimate than the second one,

441
00:28:33,760 --> 00:28:36,560
because it has a much more interesting provenance.

442
00:28:36,560 --> 00:28:42,640
And so setting up an angle for the collection will actually be able to leverage that provenance

443
00:28:42,640 --> 00:28:49,320
system and saying that, well, we have no curated collection by a professional that is meaningful,

444
00:28:49,320 --> 00:28:54,800
that is culturally relevant, that in, you know, support emerging artists, but also can

445
00:28:54,800 --> 00:28:59,000
be recognized as a pretty cool and good art collection.

446
00:28:59,000 --> 00:29:03,920
And so whoever joins this collection will benefit from this art, just like it happened

447
00:29:03,920 --> 00:29:06,120
with Cosimo de Medici.

448
00:29:06,120 --> 00:29:12,320
Whenever an artist is bought by this guy, suddenly you have a surge of secondary sales,

449
00:29:12,320 --> 00:29:16,280
you have a bunch of primary sales happening to the artist.

450
00:29:16,280 --> 00:29:21,040
And that happened solely because this guy is actually building an art collection, not

451
00:29:21,040 --> 00:29:26,120
a sum of, you know, collectibles, assets that at some point were very sought after, that

452
00:29:26,120 --> 00:29:32,280
nowadays not many people really regard as interesting as it was two years ago.

453
00:29:32,280 --> 00:29:35,200
Art is much more resilient to time.

454
00:29:35,200 --> 00:29:40,560
And so I think, you know, when you have a collection that is estimated at a few million

455
00:29:40,560 --> 00:29:46,720
euros at the very least, difficult to put a real time estimate on it as such, but it's

456
00:29:46,720 --> 00:29:50,720
a very least a few or a couple of million of euros.

457
00:29:50,720 --> 00:29:56,680
I think it's, it would be important to use those funds and this capacity to support the

458
00:29:56,680 --> 00:30:03,080
space to support living artists rather than, you know, big 10K projects that, you know,

459
00:30:03,080 --> 00:30:07,040
don't really have an impact much anymore, to be honest.

460
00:30:07,040 --> 00:30:10,720
Okay, pause for a second.

461
00:30:10,720 --> 00:30:16,280
Alright, so you're the TSB art collection is worth a couple million euros is what you

462
00:30:16,280 --> 00:30:17,280
just said.

463
00:30:17,280 --> 00:30:18,280
Okay.

464
00:30:18,280 --> 00:30:21,800
About that, it's difficult to put a real time estimate, but the last time the estimate was

465
00:30:21,800 --> 00:30:26,920
done, I don't have the number of figures in EIF, but it was somewhere around 3 million

466
00:30:26,920 --> 00:30:29,920
euros.

467
00:30:29,920 --> 00:30:33,280
Okay.

468
00:30:33,280 --> 00:30:35,560
And you mentioned something really interesting.

469
00:30:35,560 --> 00:30:37,760
I want to go back and understand it.

470
00:30:37,760 --> 00:30:39,360
First the word provenance.

471
00:30:39,360 --> 00:30:40,360
So I had I looked that up.

472
00:30:40,360 --> 00:30:42,960
So the promise means the origin of something.

473
00:30:42,960 --> 00:30:44,160
Okay.

474
00:30:44,160 --> 00:30:51,080
And when you said that the value of TSB collection is the sum of its parts, were you saying that

475
00:30:51,080 --> 00:30:54,760
that's not a good thing and you wanted to change it to what you believed before, which

476
00:30:54,760 --> 00:30:56,040
was what?

477
00:30:56,040 --> 00:31:00,520
Yeah, the whole must be greater than the sum of its parts.

478
00:31:00,520 --> 00:31:01,520
It's an expression.

479
00:31:01,520 --> 00:31:03,840
I don't know what I think it's a philosophy that use that.

480
00:31:03,840 --> 00:31:08,600
Yeah, I recognize that, but connect it to what you were saying.

481
00:31:08,600 --> 00:31:09,600
Yeah.

482
00:31:09,600 --> 00:31:15,840
So if you have a few artworks together that doesn't have anything to do with each other,

483
00:31:15,840 --> 00:31:18,960
then the value of this collection is just the sum of this artwork.

484
00:31:18,960 --> 00:31:24,440
But if you're putting some efforts in curating something, in putting some red lines, some

485
00:31:24,440 --> 00:31:29,320
red threads, something that connects everything together, that suddenly this ensemble is becoming

486
00:31:29,320 --> 00:31:33,760
something else, becoming something greater, something of an higher value.

487
00:31:33,760 --> 00:31:38,080
And this provenance, so that is the effect of provenance.

488
00:31:38,080 --> 00:31:44,440
That's the added value of the work that I'm doing as a curator or as a collection manager

489
00:31:44,440 --> 00:31:48,600
is to say that, yeah, this collection can have an angle, can have a mission, can have

490
00:31:48,600 --> 00:31:54,680
a take this, an idea, an objective, and has things integrate within this idea and make

491
00:31:54,680 --> 00:31:57,560
it bigger and bigger and greater and greater.

492
00:31:57,560 --> 00:32:03,800
This has a beneficial externality effects to all those artwork.

493
00:32:03,800 --> 00:32:08,840
So suddenly if you're buying an artist or if you have an addition, the fact that is

494
00:32:08,840 --> 00:32:12,960
the addition from this specific collection has some added value.

495
00:32:12,960 --> 00:32:15,120
And this is what we call provenance.

496
00:32:15,120 --> 00:32:19,160
And provenance, yeah, it's the source of where things are, but it's a term that is used more

497
00:32:19,160 --> 00:32:24,760
broadly in the art world to say what is the, how do you call that, like the pedigree of

498
00:32:24,760 --> 00:32:25,760
something.

499
00:32:25,760 --> 00:32:30,640
So just like when you're buying a dog, for example, in dog breeding, if this dog is the

500
00:32:30,640 --> 00:32:36,000
son of whichever champion of duty context, et cetera, this art is pedigree, right?

501
00:32:36,000 --> 00:32:37,000
It's a lineage.

502
00:32:37,000 --> 00:32:38,000
Lineage.

503
00:32:38,000 --> 00:32:39,000
Lineage.

504
00:32:39,000 --> 00:32:41,040
I'm using a bunch of words.

505
00:32:41,040 --> 00:32:42,040
It's okay.

506
00:32:42,040 --> 00:32:43,040
It's okay.

507
00:32:43,040 --> 00:32:46,960
I know very little about the art world, so I'm learning here.

508
00:32:46,960 --> 00:32:52,960
So provenance is a word and it talks about lineage, like aura and ancestry.

509
00:32:52,960 --> 00:32:57,360
And that's what gives it value is its history and its connection to lineage.

510
00:32:57,360 --> 00:32:58,360
Yes.

511
00:32:58,360 --> 00:32:59,360
Exactly.

512
00:32:59,360 --> 00:33:05,040
And sometimes a more broader example is when celebrities own some artwork, the fact that

513
00:33:05,040 --> 00:33:08,560
the celebrity own that specific artwork is going to have added value.

514
00:33:08,560 --> 00:33:12,920
There was a few years ago, there was a big auction from the Yves Saint Laurent collection,

515
00:33:12,920 --> 00:33:13,920
for example.

516
00:33:13,920 --> 00:33:19,720
And most of the works within that collection went from a much higher market price than

517
00:33:19,720 --> 00:33:24,800
they would usually go for just because he was owned at some point by Yves Saint Laurent,

518
00:33:24,800 --> 00:33:26,320
displaying his own, et cetera.

519
00:33:26,320 --> 00:33:30,600
So this had participates to the value of the artwork, the fact that you're owning it.

520
00:33:30,600 --> 00:33:32,640
This person has owned it at some point.

521
00:33:32,640 --> 00:33:34,920
And this can be true for corporate collection.

522
00:33:34,920 --> 00:33:41,160
So I've used, I think, the Pernod Ricard example in the SIP.

523
00:33:41,160 --> 00:33:47,040
The Pernod Ricard Foundation, which is a brand that doing Ricard, which is a very specific

524
00:33:47,040 --> 00:33:48,040
French alcohol.

525
00:33:48,040 --> 00:33:52,600
The Pernod Ricard Foundation, some of France, there's a lot of foundations of our friends,

526
00:33:52,600 --> 00:33:53,600
Art Foundation.

527
00:33:53,600 --> 00:33:59,560
There's a company that was a major center of art history in France.

528
00:33:59,560 --> 00:34:02,640
They made what we call the Prix Marcel Duchamp.

529
00:34:02,640 --> 00:34:09,380
And the Prix Marcel Duchamp has now become, after years, a very important distinction

530
00:34:09,380 --> 00:34:14,320
for an artist that can very much have a huge impact on an artist's career in contemporary

531
00:34:14,320 --> 00:34:15,320
art.

532
00:34:15,320 --> 00:34:22,720
So it's a price that is discerned by a corporate business that has nothing to do with the art

533
00:34:22,720 --> 00:34:27,720
world, aside from the fact that they've built up throughout the years a very important collection

534
00:34:27,720 --> 00:34:33,680
of French contemporary art, but also pop art from many various artists.

535
00:34:33,680 --> 00:34:39,520
I think they have some of the biggest collection of warhols in corporate art collection.

536
00:34:39,520 --> 00:34:41,120
But that's just one example.

537
00:34:41,120 --> 00:34:44,720
And what's the name of the people you're describing right now who has this collection?

538
00:34:44,720 --> 00:34:47,760
So it's a business called the Pernod Ricard.

539
00:34:47,760 --> 00:34:52,000
Pernod Ricard is a booze business in France.

540
00:34:52,000 --> 00:34:53,000
And this...

541
00:34:53,000 --> 00:34:58,480
Brian, I think I'm learning French as we're speaking, so go right ahead.

542
00:34:58,480 --> 00:35:00,480
It's a French brand, so it's going to sound weird.

543
00:35:00,480 --> 00:35:05,520
But Marcel Duchamp is one of the most famous French artists, is the guy that invented the

544
00:35:05,520 --> 00:35:12,320
concept of ready-made, which is this artwork with the urinal, with the toilet put outside

545
00:35:12,320 --> 00:35:13,320
down.

546
00:35:13,320 --> 00:35:17,480
It's the first time that an artist decided that anything an artist decide that can be

547
00:35:17,480 --> 00:35:20,080
art is art, as long as he signed it.

548
00:35:20,080 --> 00:35:22,280
But that's a little course of...

549
00:35:22,280 --> 00:35:26,880
But that's usually that marks the switch from modern art to contemporary art in the 1960s,

550
00:35:26,880 --> 00:35:28,040
70s.

551
00:35:28,040 --> 00:35:31,720
And so they made a price with the name of this artist.

552
00:35:31,720 --> 00:35:36,800
What I meant to say is that this business that has nothing to do with art, it's a booze

553
00:35:36,800 --> 00:35:37,800
business.

554
00:35:37,800 --> 00:35:43,000
They set up a collection throughout the years that enabled them to gain some sort of cultural

555
00:35:43,000 --> 00:35:49,000
importance that now they can get the benefit of through the fact that they have a huge leverage

556
00:35:49,000 --> 00:35:52,560
to have an impact on artists' career.

557
00:35:52,560 --> 00:35:53,560
But that just...

558
00:35:53,560 --> 00:36:00,720
I put in the SIP, there is a list, an article with almost 40 or 50 corporate art collection.

559
00:36:00,720 --> 00:36:04,480
It's not random that business own collection of arts.

560
00:36:04,480 --> 00:36:09,320
A lot of it sometimes has to do with fiscal benefits, but not only.

561
00:36:09,320 --> 00:36:14,200
It's just like why our business supporting athletes at the Olympics.

562
00:36:14,200 --> 00:36:18,560
You don't really have their logos or the things, so it's not about visibility.

563
00:36:18,560 --> 00:36:24,160
It's about something else, about supporting sports, the development of sport and culture,

564
00:36:24,160 --> 00:36:28,040
and also just supporting individuals that they believe in.

565
00:36:28,040 --> 00:36:32,440
So yeah, as of why I showed the business on the collection, there's a bit of that in the

566
00:36:32,440 --> 00:36:36,480
SIP, but it has proven useful throughout history.

567
00:36:36,480 --> 00:36:37,480
Okay.

568
00:36:37,480 --> 00:36:39,320
So I am... this is awesome.

569
00:36:39,320 --> 00:36:42,560
I was not expecting...

570
00:36:42,560 --> 00:36:46,960
You clearly have been in this for a while, so let's keep on going.

571
00:36:46,960 --> 00:36:53,980
So this SIP is about your nomination, and if I understand you correctly, you want to

572
00:36:53,980 --> 00:37:01,760
refocus the future DOW's collection to have provenance.

573
00:37:01,760 --> 00:37:02,760
Yes.

574
00:37:02,760 --> 00:37:05,960
I wanted to make it a real art collection.

575
00:37:05,960 --> 00:37:11,400
So the fact that something is bought by the sandbox DOW would have a big impact, just

576
00:37:11,400 --> 00:37:13,280
like at the moment.

577
00:37:13,280 --> 00:37:16,560
It is the same thing with Flamingo DOW and a few other art DOW.

578
00:37:16,560 --> 00:37:22,240
Whenever those DOWs support or incubate artists, for example, the fact that they have a collection

579
00:37:22,240 --> 00:37:26,760
to bag it up is something that participates to the legitimacy, that participates to the

580
00:37:26,760 --> 00:37:28,920
impact they can have in the space.

581
00:37:28,920 --> 00:37:33,800
And I think one of the greatest things that happened to Web3 was this huge wave of artists

582
00:37:33,800 --> 00:37:40,280
coming in and creative people coming in that was largely missing before that.

583
00:37:40,280 --> 00:37:46,080
And yeah, just like in the manifesto, I think it says that it's important to recognize the

584
00:37:46,080 --> 00:37:48,440
impact those people have.

585
00:37:48,440 --> 00:37:54,780
And sandbox is a creative project, right, which a lot of artists are involved with.

586
00:37:54,780 --> 00:38:00,360
So it just seems more logical to support artists than it is to support or PFP project that

587
00:38:00,360 --> 00:38:07,280
are more close to a business than they are independent artists running it, right?

588
00:38:07,280 --> 00:38:08,720
So yeah, that's mostly that.

589
00:38:08,720 --> 00:38:15,320
But for example, it can be also thematical things that are linked with the sandbox.

590
00:38:15,320 --> 00:38:20,200
We can decide that for one quarter, we're going to mostly collect voxel artists, for

591
00:38:20,200 --> 00:38:25,240
example, artists that are working with voxel because we think that's a match with the visual

592
00:38:25,240 --> 00:38:31,920
identity of the sandbox and there's been many great voxel architect that has produced artwork

593
00:38:31,920 --> 00:38:33,800
that are very interesting to look at.

594
00:38:33,800 --> 00:38:39,560
Mad Maraca, for example, Marica, is an amazing voxel artist.

595
00:38:39,560 --> 00:38:43,920
There's a bunch of French voxel artists that I know of as well that worked on Game of Thrones

596
00:38:43,920 --> 00:38:44,920
and stuff like that.

597
00:38:44,920 --> 00:38:50,580
I don't have all their names by heart, but what I mean is that we can find thematic that

598
00:38:50,580 --> 00:38:56,080
match with what the sandbox is doing, can be also interactive art, for example, which

599
00:38:56,080 --> 00:39:05,160
is a very unregarded, no specific field of the art world that is still quite under the

600
00:39:05,160 --> 00:39:06,160
radar at some point.

601
00:39:06,160 --> 00:39:11,520
It can be other things like generative art as well when it makes sense to what, I guess,

602
00:39:11,520 --> 00:39:15,900
thematically and aesthetically toward what we are building at the sandbox in general.

603
00:39:15,900 --> 00:39:17,080
So it can be thematical.

604
00:39:17,080 --> 00:39:22,120
What I meant to say is that when you have a collection that is managed and when there

605
00:39:22,120 --> 00:39:27,520
is at least a bit of thought process toward a collection that is toward a rational, it

606
00:39:27,520 --> 00:39:32,720
makes this collection just more relevant and throughout the years when something is relevant,

607
00:39:32,720 --> 00:39:35,840
it becomes more valuable.

608
00:39:35,840 --> 00:39:40,280
And I cannot say about the valuation of it, like this is what I've been saying to the

609
00:39:40,280 --> 00:39:44,160
sandbox team is that I'm not offering financial advisory.

610
00:39:44,160 --> 00:39:51,240
I'm not, you know, I'm not under the, in France to do financial advisory, you need to be signed

611
00:39:51,240 --> 00:39:56,000
up at the INF, which is the Autorité des Marchés Financiers, which I'm not referred

612
00:39:56,000 --> 00:39:57,000
to.

613
00:39:57,000 --> 00:39:58,000
And that's what I say.

614
00:39:58,000 --> 00:39:59,000
I don't offer financial advisory.

615
00:39:59,000 --> 00:40:02,720
All I offer is artistical advisory.

616
00:40:02,720 --> 00:40:06,960
And you know, better artists usually lead to better valuation of the collection, but

617
00:40:06,960 --> 00:40:11,840
I cannot make promises saying that under my mandate, this collection will suddenly be

618
00:40:11,840 --> 00:40:14,800
10 times more valuable as it is.

619
00:40:14,800 --> 00:40:19,920
It will be certainly more diversified, more culturally relevant, more art-centric and

620
00:40:19,920 --> 00:40:22,960
art-focused and hopefully more valuable at some point.

621
00:40:22,960 --> 00:40:27,080
But I cannot make promises on that because we're going to tell you, you're going to make

622
00:40:27,080 --> 00:40:28,520
a return on buying this artwork.

623
00:40:28,520 --> 00:40:29,520
It's lying.

624
00:40:29,520 --> 00:40:36,180
I've made my thesis for my master's degree was about art forms.

625
00:40:36,180 --> 00:40:40,920
And I've made a study, a comparative study of art forms throughout the last hundred of

626
00:40:40,920 --> 00:40:44,800
years to the stock market, but the same period.

627
00:40:44,800 --> 00:40:51,520
The first art form was founded in 1910, I believe, mostly focusing on artists like the

628
00:40:51,520 --> 00:40:52,520
Impressionists.

629
00:40:52,520 --> 00:40:56,280
So you will think they have performed very well, right?

630
00:40:56,280 --> 00:41:00,920
They did a bunch of really great things that make greater turn, but the large majority

631
00:41:00,920 --> 00:41:04,880
of it were artists that didn't really make it through history, right?

632
00:41:04,880 --> 00:41:11,680
And so the conclusion of my thesis was that the stock markets always outperform art forms

633
00:41:11,680 --> 00:41:13,560
over the same period.

634
00:41:13,560 --> 00:41:15,640
So art is a bad investment.

635
00:41:15,640 --> 00:41:21,280
If you think about art as an investment, it is inherently a bad investment because there's

636
00:41:21,280 --> 00:41:26,920
many other investment forms where you would have guarantees if it reached a certain level

637
00:41:26,920 --> 00:41:32,640
under like 30%, where you would have at least some time horizon.

638
00:41:32,640 --> 00:41:38,200
And there's been a bunch of fractionalized art stuff, masterwork.io that offer you to

639
00:41:38,200 --> 00:41:44,600
buy one dollar share of rough-coast artwork or big artists like that.

640
00:41:44,600 --> 00:41:49,780
Usually are not competitive if you compare it to other investment vessel because they

641
00:41:49,780 --> 00:41:52,000
offer much less visibility.

642
00:41:52,000 --> 00:41:55,960
You rarely know how much time it's going to take to make a return on the artwork.

643
00:41:55,960 --> 00:41:59,800
If it's going to take five years, six years, seven years, there is the cut of the auction

644
00:41:59,800 --> 00:42:02,760
hours, I mean, there's a lot that goes into it.

645
00:42:02,760 --> 00:42:08,520
But to say it is that the benefit of owning an art collection is not entirely financial.

646
00:42:08,520 --> 00:42:15,800
It can be financial at some points for a portion of it, but it's about also the benefit that

647
00:42:15,800 --> 00:42:18,620
it brings you socially and culturally.

648
00:42:18,620 --> 00:42:27,280
And I often cite a French sociologist Jean-Jacques Bourdieu that explained the concept of financial,

649
00:42:27,280 --> 00:42:33,360
cultural and cultural capital, which is very important and give you an idea as of why on

650
00:42:33,360 --> 00:42:38,520
the top 10 of the billionaires in France, you have one guy that own a museum, the other

651
00:42:38,520 --> 00:42:42,160
guy is on Christie's, the third guy is on Sotheby's.

652
00:42:42,160 --> 00:42:47,600
All of that is both Christie's and Sotheby's is owned by French guy, French billionaire.

653
00:42:47,600 --> 00:42:54,400
And it's because in France we do have an incentive on social and cultural capital.

654
00:42:54,400 --> 00:42:57,720
The US, you're rich, you make it, right?

655
00:42:57,720 --> 00:43:02,240
You're respected because you made it in life, you're a billionaire and people respect that.

656
00:43:02,240 --> 00:43:05,600
In France, if you're a billionaire, but you're selling potatoes and you don't know anything

657
00:43:05,600 --> 00:43:11,040
about the story, people are not going to respect you because you made millions selling potatoes.

658
00:43:11,040 --> 00:43:15,800
They want to use this sort of this notion of acceptation in social security that is sometimes

659
00:43:15,800 --> 00:43:22,400
a bit gatekeeper, but this notion is just that, yeah, to be successful is not just about

660
00:43:22,400 --> 00:43:26,760
the financial side of things, there is the notion of cultural capital and social capital

661
00:43:26,760 --> 00:43:29,480
as well that are important.

662
00:43:29,480 --> 00:43:31,560
And this is true for corporate as well.

663
00:43:31,560 --> 00:43:32,720
That's what I'm going back to it.

664
00:43:32,720 --> 00:43:36,160
That's why corporations support athletes at the Olympic games.

665
00:43:36,160 --> 00:43:37,920
That's why they're building up our collection.

666
00:43:37,920 --> 00:43:40,440
It's not because it's the best investment.

667
00:43:40,440 --> 00:43:42,960
They could have much better investment with that money.

668
00:43:42,960 --> 00:43:49,180
It's an investment in the image and also the fact that they believe this would have sort

669
00:43:49,180 --> 00:43:55,440
of great externality at some point and other opportunity that they wouldn't have otherwise

670
00:43:55,440 --> 00:43:59,200
benefit from their employees or whichever.

671
00:43:59,200 --> 00:44:04,440
But it's just that I always say and I'm being very transparent about the fact that I cannot

672
00:44:04,440 --> 00:44:10,320
say to the Dado that under my mandate, certainly the collection is going to be much more valuable.

673
00:44:10,320 --> 00:44:11,320
I cannot say that.

674
00:44:11,320 --> 00:44:17,440
What I can say is that's going to be much better collection art wise, but as an investment,

675
00:44:17,440 --> 00:44:19,360
it's not the best investment, to be honest.

676
00:44:19,360 --> 00:44:25,080
But at the moment we have assets existing and I think it's important to do a collection

677
00:44:25,080 --> 00:44:31,120
within the Dado because most of the Dado that I've seen succeed often are using art collection

678
00:44:31,120 --> 00:44:36,880
as a leverage for the communication, but for the support also to small creators.

679
00:44:36,880 --> 00:44:40,720
And I think it could be a great onboarding tool to the sandbox in general, to bring more

680
00:44:40,720 --> 00:44:45,800
creative people to build on the sandbox, to have great artists participate, great mind

681
00:44:45,800 --> 00:44:48,800
and just be able to support them.

682
00:44:48,800 --> 00:44:49,800
Okay.

683
00:44:49,800 --> 00:44:50,800
All right.

684
00:44:50,800 --> 00:44:51,800
That's okay.

685
00:44:51,800 --> 00:44:52,800
That's okay.

686
00:44:52,800 --> 00:44:53,800
That's good.

687
00:44:53,800 --> 00:44:55,800
I'm taking it in.

688
00:44:55,800 --> 00:45:05,640
I think we should probably talk about this either on your DAO, your SIP forum, but I

689
00:45:05,640 --> 00:45:12,120
think it would be wise to change some of the wording in your SIP name because it did not

690
00:45:12,120 --> 00:45:17,280
come across as though this was a nomination for you for a collection that will be coming

691
00:45:17,280 --> 00:45:21,600
to the Dado regardless of whether or not your SIP is passed.

692
00:45:21,600 --> 00:45:23,200
That's a very, very important thing.

693
00:45:23,200 --> 00:45:28,160
It puts us in a different light because now that would change this all to be about you

694
00:45:28,160 --> 00:45:32,140
and your qualifications, which you seem to have many, by the way.

695
00:45:32,140 --> 00:45:36,400
So what did you say your master's degree was in?

696
00:45:36,400 --> 00:45:42,360
So art business, but I also have a master's degree in both, double master's degree in

697
00:45:42,360 --> 00:45:47,280
art history, in art business that I did in Southern Business Institute of Art.

698
00:45:47,280 --> 00:45:53,000
And I also have a bunch of certification from Art Tactic as an art market analyst and a

699
00:45:53,000 --> 00:45:55,800
few other things like that that I did throughout the years.

700
00:45:55,800 --> 00:45:56,800
Okay.

701
00:45:56,800 --> 00:45:57,800
All right.

702
00:45:57,800 --> 00:45:58,800
But it's mostly art practice.

703
00:45:58,800 --> 00:46:04,400
And I also have a business administration bachelor degree from a big business school

704
00:46:04,400 --> 00:46:06,600
in Europe.

705
00:46:06,600 --> 00:46:07,600
Cool.

706
00:46:07,600 --> 00:46:12,920
But I did manage collection before, just not at the same scale, to be honest.

707
00:46:12,920 --> 00:46:18,040
Most of the clients I had were within a few hundred thousand budgets.

708
00:46:18,040 --> 00:46:19,040
Okay.

709
00:46:19,040 --> 00:46:20,040
Okay.

710
00:46:20,040 --> 00:46:21,840
This is starting to...

711
00:46:21,840 --> 00:46:22,840
All right.

712
00:46:22,840 --> 00:46:23,840
Good.

713
00:46:23,840 --> 00:46:24,840
Good.

714
00:46:24,840 --> 00:46:25,840
I'm so glad we talked.

715
00:46:25,840 --> 00:46:26,840
So tell me about...

716
00:46:26,840 --> 00:46:28,840
If you have feedback about the wording and stuff, please do.

717
00:46:28,840 --> 00:46:33,240
We are not English speakers, so I know sometimes the wording is a bit tricky.

718
00:46:33,240 --> 00:46:36,000
Yeah, I understand the word mandate now.

719
00:46:36,000 --> 00:46:39,480
I get why you use the word mandate.

720
00:46:39,480 --> 00:46:44,920
I'll suggest something in the actual forums, what I would recommend because Dow mandate

721
00:46:44,920 --> 00:46:49,960
for Dow collection management makes it seem like it's something different to an English

722
00:46:49,960 --> 00:46:50,960
speaker at least.

723
00:46:50,960 --> 00:46:56,160
So I would happily provide my opinion for what I think based on what we've been talking

724
00:46:56,160 --> 00:46:57,240
about so far.

725
00:46:57,240 --> 00:47:00,120
So thank you for giving me your background.

726
00:47:00,120 --> 00:47:01,120
I appreciate that.

727
00:47:01,120 --> 00:47:06,840
I understand the key player now, you and I understand now, Jean-Michel.

728
00:47:06,840 --> 00:47:12,880
Jean-Michel, tell me about Greeda.

729
00:47:12,880 --> 00:47:14,000
She's mentioned in here.

730
00:47:14,000 --> 00:47:16,760
What is her part in all this?

731
00:47:16,760 --> 00:47:22,480
So Greeda has been pretty much an art advisor.

732
00:47:22,480 --> 00:47:24,880
It's her French name, but she's a Korean girl.

733
00:47:24,880 --> 00:47:25,880
Okay, got it.

734
00:47:25,880 --> 00:47:29,880
But her name is very difficult to pronounce, so she's going by the name of Greeda.

735
00:47:29,880 --> 00:47:38,800
So Greeda, she's been a manager of the EAM gallery, which was one of the two digital

736
00:47:38,800 --> 00:47:40,080
art places in Paris.

737
00:47:40,080 --> 00:47:45,320
There was the NFT factory from one hand and there was the EAM gallery from the other hand.

738
00:47:45,320 --> 00:47:46,600
Wait, what was the first one?

739
00:47:46,600 --> 00:47:48,520
EAM gallery and what else?

740
00:47:48,520 --> 00:47:49,520
The NFT factory.

741
00:47:49,520 --> 00:47:51,640
Okay, the NFT factory.

742
00:47:51,640 --> 00:47:52,640
Yeah.

743
00:47:52,640 --> 00:47:57,440
And so if you went to NFT Paris, most of the side events would either be at one of those

744
00:47:57,440 --> 00:47:58,440
two locations.

745
00:47:58,440 --> 00:48:05,120
So Greeda has done that for a few years, I guess.

746
00:48:05,120 --> 00:48:09,960
The first exhibition she might have done at the EAM gallery was in 2021.

747
00:48:09,960 --> 00:48:13,920
It must be late 2021, something like that.

748
00:48:13,920 --> 00:48:16,520
She managed that for a while.

749
00:48:16,520 --> 00:48:23,080
And then this gallery has closed because it was originally a design gallery, guy behind

750
00:48:23,080 --> 00:48:28,640
it just wanted to change some gears and do another shop and stuff like that.

751
00:48:28,640 --> 00:48:35,200
And so she was hired by Sebastian Bourget to manage the art verse gallery.

752
00:48:35,200 --> 00:48:38,280
So now at the moment she's managing the art verse gallery.

753
00:48:38,280 --> 00:48:39,280
She's also the art...

754
00:48:39,280 --> 00:48:40,280
I didn't catch that.

755
00:48:40,280 --> 00:48:45,120
She was hired by Sebastian to manage what?

756
00:48:45,120 --> 00:48:46,720
The art verse gallery.

757
00:48:46,720 --> 00:48:49,680
So art verse gallery is a specific story.

758
00:48:49,680 --> 00:48:56,000
It was supposed to be the new office of the sandbox at some point, but I think the sandbox

759
00:48:56,000 --> 00:49:01,920
grew too big and now the place is not big enough to have as much employees as they wanted

760
00:49:01,920 --> 00:49:02,920
to have.

761
00:49:02,920 --> 00:49:07,240
And so it was switched to an art gallery project.

762
00:49:07,240 --> 00:49:09,880
So art verse is owned by Sebastian Bourget.

763
00:49:09,880 --> 00:49:11,520
Greeda is working...

764
00:49:11,520 --> 00:49:13,200
I can't make out that word.

765
00:49:13,200 --> 00:49:14,200
Can you say...

766
00:49:14,200 --> 00:49:15,200
What is the gallery called?

767
00:49:15,200 --> 00:49:17,720
Art verse.

768
00:49:17,720 --> 00:49:18,720
Art verse.

769
00:49:18,720 --> 00:49:19,720
Okay.

770
00:49:19,720 --> 00:49:20,720
Yeah.

771
00:49:20,720 --> 00:49:21,720
Okay.

772
00:49:21,720 --> 00:49:22,720
The art verse gallery.

773
00:49:22,720 --> 00:49:25,720
So she used to manage what was called the EM gallery.

774
00:49:25,720 --> 00:49:27,880
EM gallery, yeah.

775
00:49:27,880 --> 00:49:30,720
And now she manages the art verse gallery.

776
00:49:30,720 --> 00:49:31,720
Exactly.

777
00:49:31,720 --> 00:49:33,720
They just recently opened.

778
00:49:33,720 --> 00:49:37,120
They had two exhibitions so far.

779
00:49:37,120 --> 00:49:40,920
And that's one of the reasons she couldn't really participate much in the day because

780
00:49:40,920 --> 00:49:43,920
she was dealing with those exhibition.

781
00:49:43,920 --> 00:49:49,800
Greeda also is the art director of the NFC.

782
00:49:49,800 --> 00:49:55,440
So if you're an artist and you've shown anything at the NFC, you have been in contact with

783
00:49:55,440 --> 00:49:56,440
Greeda.

784
00:49:56,440 --> 00:49:57,440
And she was usually...

785
00:49:57,440 --> 00:49:58,440
I don't know what the NFC is.

786
00:49:58,440 --> 00:49:59,440
What's NFC?

787
00:49:59,440 --> 00:50:00,440
NFC Lisbon.

788
00:50:00,440 --> 00:50:04,320
It's a web-true event.

789
00:50:04,320 --> 00:50:06,520
She's the art director for NFC Lisbon.

790
00:50:06,520 --> 00:50:07,520
Yeah.

791
00:50:07,520 --> 00:50:11,440
She's very close to Jon Krah.

792
00:50:11,440 --> 00:50:15,360
She's pretty much someone that's very well connected, to be honest, because she's very

793
00:50:15,360 --> 00:50:19,480
outgoing, outspoken, very positive.

794
00:50:19,480 --> 00:50:23,000
So she has a great relation with Sebastian, but also with Jon Krah.

795
00:50:23,000 --> 00:50:30,680
People that I know as well, but she's really just great at connecting and networking.

796
00:50:30,680 --> 00:50:32,400
So she has a lot of experience with all that.

797
00:50:32,400 --> 00:50:38,520
She's been full-time NFT for the last few years, as long as I know her already.

798
00:50:38,520 --> 00:50:43,480
And so she couldn't participate much in the debate because she was dealing with her exhibition,

799
00:50:43,480 --> 00:50:45,520
which takes a lot of time.

800
00:50:45,520 --> 00:50:48,320
If anyone made exhibition here, they know what I'm talking about.

801
00:50:48,320 --> 00:50:53,080
It's very nerve-racking and time consuming.

802
00:50:53,080 --> 00:50:54,080
And yeah.

803
00:50:54,080 --> 00:50:57,120
And so I know she has done other things in her life before that.

804
00:50:57,120 --> 00:51:01,560
I'm not fully aware of her bio, but it's in the SIP as well.

805
00:51:01,560 --> 00:51:05,600
And she's the one that wrote the manifesto that I've mentioned.

806
00:51:05,600 --> 00:51:10,920
And she's pretty much what we call a curator, which is a word that has become an umbrella

807
00:51:10,920 --> 00:51:11,920
term in Web3.

808
00:51:11,920 --> 00:51:19,160
But her specialty is pretty much selecting artists for exhibition and supporting them

809
00:51:19,160 --> 00:51:21,880
to try to sell their work.

810
00:51:21,880 --> 00:51:22,880
That's about that.

811
00:51:22,880 --> 00:51:29,800
And so she will be mostly helping me on the thematical sort of side of things.

812
00:51:29,800 --> 00:51:38,680
So making the catalog, writing the text about it, snow, setting up the show, and other mission

813
00:51:38,680 --> 00:51:39,680
like that.

814
00:51:39,680 --> 00:51:43,000
So she will, I guess, less be involved in the buying and selling part of the operational

815
00:51:43,000 --> 00:51:48,040
side of things, but she will help gear things to a specific direction.

816
00:51:48,040 --> 00:51:53,360
She will help a lot with the intellectual works that need to be done when writing text,

817
00:51:53,360 --> 00:51:56,880
putting up catalog, producing exhibition, things like that.

818
00:51:56,880 --> 00:51:59,280
It's more of her alleyway.

819
00:51:59,280 --> 00:52:02,440
It's mine as well, but I cannot do everything.

820
00:52:02,440 --> 00:52:09,400
And so GRIDA was, I think, important to include in the SIP because our large collection, we

821
00:52:09,400 --> 00:52:14,360
have artists, we have founders, we have builders across that.

822
00:52:14,360 --> 00:52:20,180
So I think our network and our capacity of connecting people is a very important skill

823
00:52:20,180 --> 00:52:25,720
that could very much help building up a great collection, especially when reaching out to

824
00:52:25,720 --> 00:52:29,920
Artism Commission or for private sales, things like that.

825
00:52:29,920 --> 00:52:31,980
So yeah, that's about GRIDA.

826
00:52:31,980 --> 00:52:37,720
But I think, yeah, she's going to be a bit absent for the next few weeks also because

827
00:52:37,720 --> 00:52:41,680
she's going back to Korea for her family.

828
00:52:41,680 --> 00:52:45,780
But yeah, she's also worked with the Korean Art Center and she have good institutional

829
00:52:45,780 --> 00:52:46,780
connection.

830
00:52:46,780 --> 00:52:52,780
She's mostly someone that I just enjoy working with and that I know can have a very interesting

831
00:52:52,780 --> 00:52:56,280
impact when put to use.

832
00:52:56,280 --> 00:52:59,760
And so GRIDA, tell me if I have this all right.

833
00:52:59,760 --> 00:53:06,760
GRIDA will help you setting up shows, exhibitions, cataloging, and what else?

834
00:53:06,760 --> 00:53:11,920
Also I guess a bit of the writing text after about the artists, but also just thinking

835
00:53:11,920 --> 00:53:16,040
with me about the thematics that we're going to pursue in our buying strategy.

836
00:53:16,040 --> 00:53:17,040
The provenance.

837
00:53:17,040 --> 00:53:25,160
Yeah, no, thematic is about saying we're going to focus on the specific notion, idea.

838
00:53:25,160 --> 00:53:30,840
I've mentioned Voxel, for example, we could work on Voxel artists and she would help me

839
00:53:30,840 --> 00:53:33,640
saying which artists are relevant about that or not.

840
00:53:33,640 --> 00:53:36,160
What was that word?

841
00:53:36,160 --> 00:53:37,160
Automatics?

842
00:53:37,160 --> 00:53:38,160
Thematics.

843
00:53:38,160 --> 00:53:41,440
Oh, thematics, themes.

844
00:53:41,440 --> 00:53:47,240
Thinking about the theme of the collection and where you want to focus.

845
00:53:47,240 --> 00:53:48,240
Okay.

846
00:53:48,240 --> 00:53:50,240
The TH is something that's very...

847
00:53:50,240 --> 00:53:52,240
That's okay.

848
00:53:52,240 --> 00:53:53,800
It's my fault, Brian, not yours.

849
00:53:53,800 --> 00:53:54,800
It's my fault.

850
00:53:54,800 --> 00:54:00,320
Yeah, she will help with thematic and yeah, she's mostly going to be like in support function.

851
00:54:00,320 --> 00:54:06,440
I think a large part of it is I'm going to deal with because I know she's pretty busy.

852
00:54:06,440 --> 00:54:13,640
So she's going to be quite limited in time, but she will help with our connection with

853
00:54:13,640 --> 00:54:20,480
our network where people she knows, places she can access to getting screens.

854
00:54:20,480 --> 00:54:24,320
Someone that can use to solve problems in a way.

855
00:54:24,320 --> 00:54:29,240
So I'm relying on her whichever if I have a problem or if I need a bit of help, she

856
00:54:29,240 --> 00:54:31,240
will be able to provide.

857
00:54:31,240 --> 00:54:32,240
Okay.

858
00:54:32,240 --> 00:54:35,640
I'm writing down this so I don't forget.

859
00:54:35,640 --> 00:54:38,560
This is a nomination for Arthmore and his team.

860
00:54:38,560 --> 00:54:40,360
So Arthmore, Brian.

861
00:54:40,360 --> 00:54:43,640
B-R-I-A-N or B-R-Y?

862
00:54:43,640 --> 00:54:44,640
We have an I.

863
00:54:44,640 --> 00:54:45,840
I. Okay.

864
00:54:45,840 --> 00:54:55,960
To manage the future DAO's NFT collection and to curate its theme for...

865
00:54:55,960 --> 00:54:59,120
I'll just put it there.

866
00:54:59,120 --> 00:55:00,120
Okay, cool.

867
00:55:00,120 --> 00:55:03,120
Good, good, good, good.

868
00:55:03,120 --> 00:55:04,120
Good.

869
00:55:04,120 --> 00:55:06,740
All right, we'll get...

870
00:55:06,740 --> 00:55:10,760
We may get in this later and I may talk about this in actual forums.

871
00:55:10,760 --> 00:55:12,800
I'm worried about you, Brian.

872
00:55:12,800 --> 00:55:14,120
I'm worried.

873
00:55:14,120 --> 00:55:17,760
The SIP that was written is...

874
00:55:17,760 --> 00:55:20,600
What you're telling me is so much more than what I read.

875
00:55:20,600 --> 00:55:27,440
Like this, you've got qualifications and you both have a deep expertise in this.

876
00:55:27,440 --> 00:55:34,720
You're looking to manage and provide theme and focus to the DAO collection that will

877
00:55:34,720 --> 00:55:37,400
be coming to the DAO from the sandbox.

878
00:55:37,400 --> 00:55:40,320
I don't think anybody knows anything about this.

879
00:55:40,320 --> 00:55:41,320
What we read this...

880
00:55:41,320 --> 00:55:45,760
I think it was very recently decided, to be honest, I believe.

881
00:55:45,760 --> 00:55:46,760
Okay.

882
00:55:46,760 --> 00:55:49,360
Because I read this as just a Sam fan person.

883
00:55:49,360 --> 00:55:54,040
I'm like, I don't understand what this is asking me to do.

884
00:55:54,040 --> 00:55:55,440
What am I voting on?

885
00:55:55,440 --> 00:56:00,400
And so, yes, it's important, I think, that we...

886
00:56:00,400 --> 00:56:05,560
I'll offer what wording I can to help make this, but for everyone watching, this is a

887
00:56:05,560 --> 00:56:07,600
nomination SIP.

888
00:56:07,600 --> 00:56:14,400
The DAO is going to be receiving something like 3 million euros worth of artwork and

889
00:56:14,400 --> 00:56:19,840
collection from the founders.

890
00:56:19,840 --> 00:56:20,840
Sandbox founders.

891
00:56:20,840 --> 00:56:22,160
Right, from the sandbox.

892
00:56:22,160 --> 00:56:24,840
So we're talking from Jean-Michel.

893
00:56:24,840 --> 00:56:30,760
We're talking from Sebastian, what the sandbox owns already.

894
00:56:30,760 --> 00:56:31,760
So Apecoin DAO.

895
00:56:31,760 --> 00:56:36,280
So some of the stuff we're hearing about that, I'm sure is connected to this somehow.

896
00:56:36,280 --> 00:56:43,120
Whereas Seb frequently says he wants the sandbox to be the cultural capital of the metaverse.

897
00:56:43,120 --> 00:56:48,320
This is one of the ways in which it wants to accomplish that by having a relevant artwork

898
00:56:48,320 --> 00:56:52,360
collection that has, as Brian said, provenance.

899
00:56:52,360 --> 00:56:58,880
So a theme, a focus, something that is more than the sum of its parts.

900
00:56:58,880 --> 00:57:00,360
It is the whole.

901
00:57:00,360 --> 00:57:01,880
So good.

902
00:57:01,880 --> 00:57:08,920
I think, Brian, we really, really need to work on how it's messaged because that is

903
00:57:08,920 --> 00:57:11,800
not coming across in this SIP, at least to me.

904
00:57:11,800 --> 00:57:15,880
And I know on the silence that I've been seeing from all the other rest of the community,

905
00:57:15,880 --> 00:57:19,560
I think they're in the same boat as I am.

906
00:57:19,560 --> 00:57:20,800
That's why I said I'm worried.

907
00:57:20,800 --> 00:57:25,440
I'm happy that you have explained it this way because I would not have known that this

908
00:57:25,440 --> 00:57:27,440
is what this was about.

909
00:57:27,440 --> 00:57:33,840
Yeah, it was something that I realized when I sort of had the question coming up.

910
00:57:33,840 --> 00:57:36,320
I was like, a lot of the questions are not really specific to it.

911
00:57:36,320 --> 00:57:43,400
But even within the sandbox team, there was a lot of question about what is the job of

912
00:57:43,400 --> 00:57:45,400
a collection manager really?

913
00:57:45,400 --> 00:57:50,560
I think you explained it well when you said you provide focus and theme.

914
00:57:50,560 --> 00:57:55,160
And especially when you said that right now, all of the collections are spread out.

915
00:57:55,160 --> 00:58:01,520
They're PFP, this, they're profile picture, that, they're one off collections, maybe a

916
00:58:01,520 --> 00:58:03,840
board eight, maybe whatever.

917
00:58:03,840 --> 00:58:10,320
But when you can focus the theme of an artwork collection to be this is helping this and

918
00:58:10,320 --> 00:58:14,520
this is helping that, and it kind of builds this provenance that you talked about.

919
00:58:14,520 --> 00:58:20,000
And that, while you can't give financial advice on that, typically will start to build value

920
00:58:20,000 --> 00:58:24,080
because of how the sum of greater than its parts.

921
00:58:24,080 --> 00:58:27,040
And that, that is a powerful message.

922
00:58:27,040 --> 00:58:28,720
That is the sort of thing.

923
00:58:28,720 --> 00:58:34,680
But it's about giving meanings, you know, what I've said in the, in the city, people

924
00:58:34,680 --> 00:58:40,760
have sort of clicked on the random accumulation of things because I purposely put that there

925
00:58:40,760 --> 00:58:46,920
because it just to say that has it stand now, this collection is surely worth money, but

926
00:58:46,920 --> 00:58:48,400
it's meaningless.

927
00:58:48,400 --> 00:58:50,680
It doesn't say anything about the sandbox.

928
00:58:50,680 --> 00:58:54,760
It doesn't say anything about the mission, the vision it has.

929
00:58:54,760 --> 00:58:57,880
It's just a bunch of stuff in a wallet.

930
00:58:57,880 --> 00:59:03,560
And it can be much more than that is what I believe could happen with this.

931
00:59:03,560 --> 00:59:09,720
But yeah, I just, as I said, it was all very recent and went out and I drafted that SIP

932
00:59:09,720 --> 00:59:12,920
in like just a few days, when I have time with other projects.

933
00:59:12,920 --> 00:59:19,880
So I know it's not quite as it should be at the, as a complete product, but that's okay.

934
00:59:19,880 --> 00:59:20,880
That's okay.

935
00:59:20,880 --> 00:59:24,120
The fact that you put it out there, that's good.

936
00:59:24,120 --> 00:59:25,120
That's good.

937
00:59:25,120 --> 00:59:27,840
The fact that you submitted it is, is the most important thing.

938
00:59:27,840 --> 00:59:30,400
We can work on the messaging and all that.

939
00:59:30,400 --> 00:59:34,520
And that's what this is all about to, to clarify what is the intent.

940
00:59:34,520 --> 00:59:36,520
So you, you said some, I want to capture here.

941
00:59:36,520 --> 00:59:44,040
The current TSB collection doesn't say anything about the sandbox and you believe it can be

942
00:59:44,040 --> 00:59:45,560
much more than that.

943
00:59:45,560 --> 00:59:52,160
Hey Pepe, we are currently talking about a SIP draft by Arthmore, otherwise known as

944
00:59:52,160 --> 00:59:53,160
Brian.

945
00:59:53,160 --> 00:59:59,640
And this is a SIP for his nomination to be the curator of the millions of euros worth

946
00:59:59,640 --> 01:00:06,960
of DAO, future DAO collections that the sandbox currently owns and intends to give to the

947
01:00:06,960 --> 01:00:09,240
sandbox.

948
01:00:09,240 --> 01:00:16,760
So yeah, it's, it's called right now, it called mandate for DAO collection management under

949
01:00:16,760 --> 01:00:17,960
SIP drafts.

950
01:00:17,960 --> 01:00:19,600
That's what we're discussing right now.

951
01:00:19,600 --> 01:00:20,600
Pepe.

952
01:00:20,600 --> 01:00:27,280
Pepe was the SIP draft author for Magic Palette that passed right before yours a couple weeks

953
01:00:27,280 --> 01:00:29,760
ago.

954
01:00:29,760 --> 01:00:30,760
Okay.

955
01:00:30,760 --> 01:00:32,360
Who are the external advice?

956
01:00:32,360 --> 01:00:34,360
So I think we know what Greta's role is.

957
01:00:34,360 --> 01:00:41,920
We know your role and we know what you want to do, Brian.

958
01:00:41,920 --> 01:00:44,240
And good.

959
01:00:44,240 --> 01:00:50,960
And so you will be what, like the, the chief curator, like the head curator, the collection

960
01:00:50,960 --> 01:00:51,960
manager.

961
01:00:51,960 --> 01:00:59,080
It should say curator because in our space curator is used to define so many different

962
01:00:59,080 --> 01:01:03,480
stuff and I'm not going to go into the specificity of each term because that's just a boring

963
01:01:03,480 --> 01:01:04,480
debate.

964
01:01:04,480 --> 01:01:08,120
But, but yeah, my job is mostly just doing the collection management.

965
01:01:08,120 --> 01:01:10,760
So yeah, collection manager is a good title.

966
01:01:10,760 --> 01:01:11,760
Okay, great.

967
01:01:11,760 --> 01:01:12,760
All right.

968
01:01:12,760 --> 01:01:18,040
So other than you and Greta, who are the external advisors of this?

969
01:01:18,040 --> 01:01:24,720
I don't know if it's a specific section of a SIP, if you're supposed to nominate special,

970
01:01:24,720 --> 01:01:28,240
you know, external advisor necessarily.

971
01:01:28,240 --> 01:01:33,200
But going back to the people in the council, you know, except from the most from people

972
01:01:33,200 --> 01:01:37,920
from Asia that is within this council, I know most of those people.

973
01:01:37,920 --> 01:01:44,600
So I guess it's going to be the council and advisory board that exists.

974
01:01:44,600 --> 01:01:49,000
You know, in a way, for example, is an artist that I had the chance to work with before.

975
01:01:49,000 --> 01:01:50,000
Who was that?

976
01:01:50,000 --> 01:01:52,000
Did you say in a majority?

977
01:01:52,000 --> 01:01:54,760
There was a document about yeah, yeah, yeah, yeah, yeah, yeah.

978
01:01:54,760 --> 01:01:56,200
No, I watched a video of her.

979
01:01:56,200 --> 01:01:57,920
She's on the council.

980
01:01:57,920 --> 01:02:01,800
I've been meaning to reach out to her to get her on the podcast as well.

981
01:02:01,800 --> 01:02:03,800
Yes, I would love to.

982
01:02:03,800 --> 01:02:08,440
I don't know if you know, but that right there, it's a, it's a gym bay.

983
01:02:08,440 --> 01:02:12,960
It's a, it's a drum from, from that region from where she's from.

984
01:02:12,960 --> 01:02:18,160
And yeah, she's Malian, Malian, French artists and filmmaker.

985
01:02:18,160 --> 01:02:22,680
Does she live in France or does she live elsewhere?

986
01:02:22,680 --> 01:02:25,120
She live in Portugal, actually.

987
01:02:25,120 --> 01:02:26,120
Portugal.

988
01:02:26,120 --> 01:02:27,120
Okay.

989
01:02:27,120 --> 01:02:28,120
Okay.

990
01:02:28,120 --> 01:02:29,120
Yeah.

991
01:02:29,120 --> 01:02:32,960
I've been meaning to, I've been, what each of these along the way, like Loretta and

992
01:02:32,960 --> 01:02:41,320
Ina and Mia Bao, Matthew, Zafchao is one I just watched not long ago.

993
01:02:41,320 --> 01:02:45,880
I've been looking at YouTube videos to try and familiarize myself with them, but Ina

994
01:02:45,880 --> 01:02:50,600
and Zaf and Loretta are the ones I want to get on the podcast to kind of help explain

995
01:02:50,600 --> 01:02:52,040
what it is they do.

996
01:02:52,040 --> 01:02:56,560
So what is, what is your interaction with the advisory board?

997
01:02:56,560 --> 01:03:03,440
So most, anyone that is European, pretty much I know personally, throughout the years, I

998
01:03:03,440 --> 01:03:08,760
was trying to find the list from Google, but I couldn't really find it.

999
01:03:08,760 --> 01:03:13,960
But I guess that since there are people that have some sort of responsibility to all that,

1000
01:03:13,960 --> 01:03:19,760
that they would be the privileged sort of people I would ask for advisory.

1001
01:03:19,760 --> 01:03:25,680
But you know, someone that I think is one of the best collection manager in our space,

1002
01:03:25,680 --> 01:03:31,920
Vincent Vendougue, that you know, created the Triaro Capital collection before it went

1003
01:03:31,920 --> 01:03:34,400
all, it went all itself at some point.

1004
01:03:34,400 --> 01:03:36,680
He created the what collection?

1005
01:03:36,680 --> 01:03:40,360
You know, he curated the what we call Starina Capital.

1006
01:03:40,360 --> 01:03:45,320
Vincent Vendougue is the, you know, the founder of AOTM Gallery, Art of the Next Millennials.

1007
01:03:45,320 --> 01:03:50,000
He was one of the best art dealer in our space.

1008
01:03:50,000 --> 01:03:53,880
He curated the collection of I guess Triaro Capital was the company.

1009
01:03:53,880 --> 01:03:59,360
You know, they were the one behind the Cersius Protocol or something like that.

1010
01:03:59,360 --> 01:04:01,120
They built up a very amazing collection.

1011
01:04:01,120 --> 01:04:07,360
And when this protocol went bankrupt, it was a bit before SBF.

1012
01:04:07,360 --> 01:04:11,880
It was under what we call a judicial liquidation.

1013
01:04:11,880 --> 01:04:17,880
And so, you know, all the sales of Sotheby's that are called Grail sales, it's a city of

1014
01:04:17,880 --> 01:04:22,760
sales, it's all from the collection built by Vincent Vendougue.

1015
01:04:22,760 --> 01:04:27,480
And he was one of the first to, you know, invest on artworks on generative art in our

1016
01:04:27,480 --> 01:04:31,640
space was a big generative art focus collection.

1017
01:04:31,640 --> 01:04:36,560
And someone that I'm in touch with that I'm sure would be happy to give advice if I asked

1018
01:04:36,560 --> 01:04:37,560
for it.

1019
01:04:37,560 --> 01:04:40,840
So that would be someone that I would have in mind.

1020
01:04:40,840 --> 01:04:43,160
But you know, I just could spell his last name.

1021
01:04:43,160 --> 01:04:44,160
It's Vincent.

1022
01:04:44,160 --> 01:04:45,160
What's his last name?

1023
01:04:45,160 --> 01:04:46,160
Vendougue.

1024
01:04:46,160 --> 01:04:49,960
So it's a play on the world on Vincent Vendougue.

1025
01:04:49,960 --> 01:04:50,960
So Vincent Vendougue.

1026
01:04:50,960 --> 01:04:51,960
Vincent Van Gogh.

1027
01:04:51,960 --> 01:04:52,960
Van Gogh.

1028
01:04:52,960 --> 01:04:53,960
Yeah.

1029
01:04:53,960 --> 01:04:55,520
So yeah, Vincent Van Gogh, I guess.

1030
01:04:55,520 --> 01:04:56,520
I can put it in chat.

1031
01:04:56,520 --> 01:05:00,320
I'm surprised you don't know this guy is big.

1032
01:05:00,320 --> 01:05:03,560
I'll be honest with you, Brian, I am not being in the art world at all.

1033
01:05:03,560 --> 01:05:05,080
I know very, very little about it.

1034
01:05:05,080 --> 01:05:08,080
It's very NFT specific.

1035
01:05:08,080 --> 01:05:11,320
I see you're talking about Vincent Vendougue.

1036
01:05:11,320 --> 01:05:12,320
Yeah.

1037
01:05:12,320 --> 01:05:18,120
And that would be someone that, you know, given his experience that I would be enticed

1038
01:05:18,120 --> 01:05:19,720
to ask advice for.

1039
01:05:19,720 --> 01:05:25,360
But already, him and a few other people I know of personally, you know, I guess he would

1040
01:05:25,360 --> 01:05:31,240
be mostly relying on Jean-Michel Payon and other members of either the advisory board

1041
01:05:31,240 --> 01:05:32,480
or council of the DAO.

1042
01:05:32,480 --> 01:05:36,080
The DAO makes much more sense, I think.

1043
01:05:36,080 --> 01:05:37,080
Okay.

1044
01:05:37,080 --> 01:05:41,760
And yeah, you know, artists are often the best advisor on their own medium, you know.

1045
01:05:41,760 --> 01:05:46,800
So there's people like, if I were to buy AI artwork for kids, I think I would ask, you

1046
01:05:46,800 --> 01:05:50,760
know, Alexandre Cartega, I think I would ask, you know, Jedi Wolf.

1047
01:05:50,760 --> 01:05:55,960
If I were to buy photography, I think I would ask Norcal Guy.

1048
01:05:55,960 --> 01:06:02,200
I pretty much have a huge listing of collectors and what their collection focus is, because

1049
01:06:02,200 --> 01:06:05,480
I do exhibitions on various different mediums.

1050
01:06:05,480 --> 01:06:09,120
So you know, you don't reach out to the same collector for any works, you know, if you're

1051
01:06:09,120 --> 01:06:13,440
coming up to someone that exclusively collects photography and you're like, I have a great

1052
01:06:13,440 --> 01:06:17,560
animator to sell you, they're not going to be interested by that because they're not

1053
01:06:17,560 --> 01:06:19,300
buying this type of stuff.

1054
01:06:19,300 --> 01:06:24,400
So depending on the medium, depending on the thematic, I think I know as much, you know,

1055
01:06:24,400 --> 01:06:27,640
legitimes slash skillful person that could help me with.

1056
01:06:27,640 --> 01:06:35,120
It's difficult to say at this point, but in any cases, I do believe that Jean-Michel within

1057
01:06:35,120 --> 01:06:40,160
his spare time would be always about to, you know, answer to a few texts here and there,

1058
01:06:40,160 --> 01:06:41,160
if need be.

1059
01:06:41,160 --> 01:06:42,160
Okay.

1060
01:06:42,160 --> 01:06:48,080
They are not specifically nominated as advisory within the SIP.

1061
01:06:48,080 --> 01:06:51,520
I don't know if it's something that you're supposed to do necessarily.

1062
01:06:51,520 --> 01:06:52,520
I'm not sure.

1063
01:06:52,520 --> 01:06:53,520
I don't think so.

1064
01:06:53,520 --> 01:06:54,520
I don't think so.

1065
01:06:54,520 --> 01:06:58,120
It's just a matter of who is helping you, who is advising you.

1066
01:06:58,120 --> 01:06:59,120
What is the team?

1067
01:06:59,120 --> 01:07:05,200
Yeah, not the team, but I'm always, you know, I'm someone that believe very much in collaboration

1068
01:07:05,200 --> 01:07:10,000
and the strength of working with other people.

1069
01:07:10,000 --> 01:07:15,760
And so, you know, there's so many people I can just reach out to and ask question that,

1070
01:07:15,760 --> 01:07:20,520
you know, it's difficult to say, but I believe I'm in good contact with some of the most

1071
01:07:20,520 --> 01:07:25,000
knowledgeable and talented people in that space regarding to art.

1072
01:07:25,000 --> 01:07:32,320
And you know, if I were to have this mandate and be able to manage as much funds by artwork

1073
01:07:32,320 --> 01:07:37,960
that I would very much involve them informally is what I meant, is that a lot of that is

1074
01:07:37,960 --> 01:07:38,960
informal.

1075
01:07:38,960 --> 01:07:41,140
That's part of the art world, I would say.

1076
01:07:41,140 --> 01:07:44,680
It's a relationship, reputation-based market in the world.

1077
01:07:44,680 --> 01:07:49,480
A lot of things going on goes in informal way.

1078
01:07:49,480 --> 01:07:52,760
So it will be mostly informal.

1079
01:07:52,760 --> 01:07:58,920
But yeah, I will be, will not just be me in my cave buying stuff on my own base.

1080
01:07:58,920 --> 01:08:06,800
Part of it is that, but a lot of it is trusting other people's expertise as well, asking question

1081
01:08:06,800 --> 01:08:07,800
and being curious.

1082
01:08:07,800 --> 01:08:08,800
That's fascinating.

1083
01:08:08,800 --> 01:08:09,800
Okay.

1084
01:08:09,800 --> 01:08:16,720
You know, it's something that I would say that what define a great collectors, and I

1085
01:08:16,720 --> 01:08:22,920
think every true collectors have this in common, it's curiosity.

1086
01:08:22,920 --> 01:08:24,400
Collectors are innately curious people.

1087
01:08:24,400 --> 01:08:28,000
They're willing to learn about things, learn about people.

1088
01:08:28,000 --> 01:08:33,320
They're very skin-be sensible or not, but they're always curious and open to new things.

1089
01:08:33,320 --> 01:08:36,960
So I think it's a big strength and no.

1090
01:08:36,960 --> 01:08:37,960
Got it.

1091
01:08:37,960 --> 01:08:41,600
You know, the many people, you always have something to talk about.

1092
01:08:41,600 --> 01:08:43,000
Got it.

1093
01:08:43,000 --> 01:08:44,000
Okay.

1094
01:08:44,000 --> 01:08:45,000
Merci, Brian.

1095
01:08:45,000 --> 01:08:46,000
Merci.

1096
01:08:46,000 --> 01:08:47,760
That was good.

1097
01:08:47,760 --> 01:08:54,960
So you and Greta will be managing this artwork, you as a collection manager, her as a curator,

1098
01:08:54,960 --> 01:08:57,500
like exhibitions and kind of the in-person things.

1099
01:08:57,500 --> 01:09:02,520
And then you will be bringing on board as advisors or you'll be seeking the advice of

1100
01:09:02,520 --> 01:09:07,240
all of these other people that you know throughout your career, many of them big names, it sounds

1101
01:09:07,240 --> 01:09:10,120
like, and some of them on the advisory board.

1102
01:09:10,120 --> 01:09:16,960
So yeah, I mean, even for private sale or commission, you know, if I know a big artist

1103
01:09:16,960 --> 01:09:22,960
is coming up to fellowship AI or to brand drops, I can ask, I can ask Alexander Kartegaard

1104
01:09:22,960 --> 01:09:28,560
or Justin Trimble to, you know, see if we can reserve some artwork for the DAO or things

1105
01:09:28,560 --> 01:09:29,560
like that.

1106
01:09:29,560 --> 01:09:32,720
You know, there's a lot of things goes in informal and personal relationship.

1107
01:09:32,720 --> 01:09:38,440
A lot of the artists don't mean everything they produce and so a lot of it goes to, you

1108
01:09:38,440 --> 01:09:43,840
know, sending DMs, casting with them, negotiating with them on a one-to-one basis.

1109
01:09:43,840 --> 01:09:49,160
But sometimes with, you know, the other intermediaries they're working with, for example, for Abazel

1110
01:09:49,160 --> 01:09:53,760
or for other big exhibition like that, it can make sense to collect works primary market

1111
01:09:53,760 --> 01:09:54,760
like that.

1112
01:09:54,760 --> 01:09:58,680
It's not necessarily going to be only secondary markets.

1113
01:09:58,680 --> 01:10:06,400
So primary market wise, it's often a relationship based sort of system, which I guess my connection

1114
01:10:06,400 --> 01:10:10,600
but also the connection of that will be very useful for.

1115
01:10:10,600 --> 01:10:11,600
Gotcha.

1116
01:10:11,600 --> 01:10:12,600
Okay.

1117
01:10:12,600 --> 01:10:13,600
Okay.

1118
01:10:13,600 --> 01:10:21,920
And moving on into the NFTs themselves, how do you decide what NFTs are traded or sold

1119
01:10:21,920 --> 01:10:22,920
or kept?

1120
01:10:22,920 --> 01:10:29,560
A lot of it goes down to the value of them.

1121
01:10:29,560 --> 01:10:36,200
I guess the biggest asset I have a document that has, it's a bit outdated but I have sort

1122
01:10:36,200 --> 01:10:41,560
of an idea of what those, but for example, anything sandbox related to sandbox assets

1123
01:10:41,560 --> 01:10:46,520
and box land will not be sold, of course, because that's a very bad signal if we were

1124
01:10:46,520 --> 01:10:47,520
to sell that.

1125
01:10:47,520 --> 01:10:50,320
So those are going to be moved to the vault.

1126
01:10:50,320 --> 01:10:56,360
A large part of the collection value at the moment are UgoLab related assets.

1127
01:10:56,360 --> 01:11:02,040
And I believe that UgoLab related assets can be interesting for loan because you can have

1128
01:11:02,040 --> 01:11:05,680
a good loan to value system with it.

1129
01:11:05,680 --> 01:11:13,280
So they might not be sold but loaned, I guess, if so we can have liquidity from it, but not

1130
01:11:13,280 --> 01:11:18,400
necessarily selling them because in our regard, that's still to believe that if there is one

1131
01:11:18,400 --> 01:11:24,560
company in the PFP market that might make it is UgoLab for sure, given just the fact

1132
01:11:24,560 --> 01:11:28,320
that they own the largest, the biggest connection in the space.

1133
01:11:28,320 --> 01:11:36,600
But then there's a lot of things that I honestly consider as not worthless but just weird stuff.

1134
01:11:36,600 --> 01:11:45,960
I don't know, like they have stuff like the minted patchwork, Abu avatar, I don't know

1135
01:11:45,960 --> 01:11:53,000
what else, VFRIEND stuff, bold Ape derivative.

1136
01:11:53,000 --> 01:11:55,120
Is there a way we can look at this collection?

1137
01:11:55,120 --> 01:11:56,120
Is there a link to it?

1138
01:11:56,120 --> 01:12:04,080
I can show my screen up if you want to capture device, entire screens.

1139
01:12:04,080 --> 01:12:05,080
Sure.

1140
01:12:05,080 --> 01:12:06,080
UgoLab, yeah.

1141
01:12:06,080 --> 01:12:07,080
Up, up.

1142
01:12:07,080 --> 01:12:08,080
Doesn't work.

1143
01:12:08,080 --> 01:12:09,080
Try it, try again.

1144
01:12:09,080 --> 01:12:10,080
Otherwise I put it in the application of the collection.

1145
01:12:10,080 --> 01:12:22,080
If you have the link, put it in the, oh I see you did, you did put it in the chat.

1146
01:12:22,080 --> 01:12:23,080
Okay.

1147
01:12:23,080 --> 01:12:24,080
Give me a second.

1148
01:12:24,080 --> 01:12:31,040
But you will see that a lot of it are not worthless, but just not that interesting.

1149
01:12:31,040 --> 01:12:34,840
Some of them are just so worthless that it's not even worth the garrison.

1150
01:12:34,840 --> 01:12:35,840
Holy smokes.

1151
01:12:35,840 --> 01:12:36,840
86 pages.

1152
01:12:36,840 --> 01:12:40,240
All right.

1153
01:12:40,240 --> 01:12:43,800
86 pages.

1154
01:12:43,800 --> 01:12:46,040
Is it the next, yeah that's about 86 pages.

1155
01:12:46,040 --> 01:12:49,160
Yeah yeah it's 86 pages all right.

1156
01:12:49,160 --> 01:12:56,560
It's all the wallet concerns, so there's also this wallet, but also for custody based platform,

1157
01:12:56,560 --> 01:12:57,960
links to other platforms.

1158
01:12:57,960 --> 01:13:02,360
So NiftyGateaway for example, that are not related to the wallet, but are part of the

1159
01:13:02,360 --> 01:13:03,360
same collection.

1160
01:13:03,360 --> 01:13:08,000
There's also part of it that is on Tezos as well.

1161
01:13:08,000 --> 01:13:09,000
Part of it's on where?

1162
01:13:09,000 --> 01:13:12,000
On Tezos, the other blockchain, Tezos.

1163
01:13:12,000 --> 01:13:15,360
I don't think I know that.

1164
01:13:15,360 --> 01:13:20,680
You know object.com, it's a French blockchain, it's quite old.

1165
01:13:20,680 --> 01:13:22,160
Can you link me?

1166
01:13:22,160 --> 01:13:23,160
Yes.

1167
01:13:23,160 --> 01:13:24,160
Tezos.

1168
01:13:24,160 --> 01:13:25,160
Wow.

1169
01:13:25,160 --> 01:13:26,160
This, okay.

1170
01:13:26,160 --> 01:13:34,880
So you'll see that a lot of it is, you know, most of it I would like to sell, but the thing

1171
01:13:34,880 --> 01:13:39,800
is that when you have so many things, you got to do what you call a ventilation strategy,

1172
01:13:39,800 --> 01:13:40,800
right?

1173
01:13:40,800 --> 01:13:47,120
You're not going to floor everything at once because that's going to have a very bad impact.

1174
01:13:47,120 --> 01:13:53,120
And also part of the collectibles that are within, I think, where, you know, community

1175
01:13:53,120 --> 01:13:57,360
that were onboarded to the sandbox and are very much, you know, related to, I think like

1176
01:13:57,360 --> 01:14:03,440
World of Woman, I would refrain selling because just because of the history that exists between

1177
01:14:03,440 --> 01:14:06,480
World of Woman and sandbox in the sense that they collaborated.

1178
01:14:06,480 --> 01:14:08,480
She's also on the special counsel.

1179
01:14:08,480 --> 01:14:14,760
Also, but yeah, I don't have, you know, I'm not working for her, I'm working for the DAO,

1180
01:14:14,760 --> 01:14:17,760
so I don't really have.

1181
01:14:17,760 --> 01:14:18,760
Touche, Touche.

1182
01:14:18,760 --> 01:14:19,760
Touche, Brian, Touche.

1183
01:14:19,760 --> 01:14:24,760
I know her, I've met her and I've told her exactly that, that I might need to sell a

1184
01:14:24,760 --> 01:14:25,760
bunch of World of Woman.

1185
01:14:25,760 --> 01:14:26,760
Who knows?

1186
01:14:26,760 --> 01:14:31,760
But, you know, I just think that it would make sense still being involved with those

1187
01:14:31,760 --> 01:14:35,840
projects just because of the history that there is in it and the fact that those projects

1188
01:14:35,840 --> 01:14:37,680
are still very much involved with the sandbox.

1189
01:14:37,680 --> 01:14:43,680
So that would be a very bad signal to floor 50 World of Woman at once, you know.

1190
01:14:43,680 --> 01:14:47,440
And even the collection we're going to sell, we're obviously not going to sell all of them

1191
01:14:47,440 --> 01:14:54,000
at once, we're going to, you know, sell 10% of it, one month, 20% of it, the next month,

1192
01:14:54,000 --> 01:14:56,640
you know, we're going to ventilate that a bit.

1193
01:14:56,640 --> 01:15:01,280
So there's going to be a lot of operational burden, but it's for the best, you know, when

1194
01:15:01,280 --> 01:15:05,760
you're flooring things, you're not making the most of what you can have.

1195
01:15:05,760 --> 01:15:06,760
So yeah.

1196
01:15:06,760 --> 01:15:09,160
And Tezos has sent you a link as well.

1197
01:15:09,160 --> 01:15:13,640
Aside from saying that's one of the largest blockchain for NFT markets, especially art-centric

1198
01:15:13,640 --> 01:15:19,360
markets, you know, it's quite well known within the NFT space.

1199
01:15:19,360 --> 01:15:26,440
But because it's not an L2, but it's a very cheap sort of gas related to blockchain, which

1200
01:15:26,440 --> 01:15:30,240
and about the fact that you have artists from across the world being able to work here to

1201
01:15:30,240 --> 01:15:33,880
mint on it, but the price of it are very low.

1202
01:15:33,880 --> 01:15:39,080
So it might represent 2 or 3% of the value of the collection.

1203
01:15:39,080 --> 01:15:41,480
So it's not really the main focus.

1204
01:15:41,480 --> 01:15:43,720
Well, what about these?

1205
01:15:43,720 --> 01:15:50,240
A lot of these I'm seeing are sandbox related avatars like Snoop Dogg or this one right

1206
01:15:50,240 --> 01:15:51,960
here, Youngwoo collection.

1207
01:15:51,960 --> 01:15:53,420
Those are all sandbox specific.

1208
01:15:53,420 --> 01:15:55,280
Are you going to not sell those?

1209
01:15:55,280 --> 01:15:57,720
Are you looking to loan those out or what?

1210
01:15:57,720 --> 01:16:03,640
Well, I don't think you can get any loan for the sort of asset to be honest.

1211
01:16:03,640 --> 01:16:12,280
The asset you can get loan of is usually just, you know, big 101 over 80 or things like Borda

1212
01:16:12,280 --> 01:16:14,600
Ape and Crypto Peng, that's about it.

1213
01:16:14,600 --> 01:16:18,720
Like Care Bear avatars and the wild dance fight avatars, these are all sandbox specific

1214
01:16:18,720 --> 01:16:19,720
things.

1215
01:16:19,720 --> 01:16:22,360
Are you going to keep them?

1216
01:16:22,360 --> 01:16:23,800
I guess it needs to be decided.

1217
01:16:23,800 --> 01:16:25,520
I guess we can offer the part of it.

1218
01:16:25,520 --> 01:16:30,000
I think it's still very important to be, you know, supporting those.

1219
01:16:30,000 --> 01:16:32,520
But even though it doesn't really fit.

1220
01:16:32,520 --> 01:16:34,960
Look at all those parasol avatars.

1221
01:16:34,960 --> 01:16:35,960
Oh my gosh.

1222
01:16:35,960 --> 01:16:36,960
There's a lot of things.

1223
01:16:36,960 --> 01:16:37,960
That's a lot of parasol avatars.

1224
01:16:37,960 --> 01:16:47,160
So yeah, in a way that's a lot and that's not my main priority, but you know, I think

1225
01:16:47,160 --> 01:16:52,720
anything that is sort of linked to sandbox will not be my priority for sales.

1226
01:16:52,720 --> 01:16:54,960
I'm going to ventilate that very much.

1227
01:16:54,960 --> 01:16:58,200
I mean, at least not, that's not my priority for the next three months.

1228
01:16:58,200 --> 01:17:07,880
You know, if I renew my mandate for January 2025 to December 2025, might have a lot of

1229
01:17:07,880 --> 01:17:11,360
punch of it throughout the month, you know, but we're going to be very careful of not

1230
01:17:11,360 --> 01:17:16,640
nuking a flaw by the fact of selling everything, of course.

1231
01:17:16,640 --> 01:17:20,320
But yeah, my priority is not selling anything that is related to the sandbox because of,

1232
01:17:20,320 --> 01:17:24,520
I think that's a bad signal and that will be hurting the community.

1233
01:17:24,520 --> 01:17:27,120
So that's not really the objective there.

1234
01:17:27,120 --> 01:17:32,280
But also does it really make sense to have 500 parasol avatars?

1235
01:17:32,280 --> 01:17:34,840
I'm not sure, you know, that depends.

1236
01:17:34,840 --> 01:17:39,400
So that would be decided on case to case basis.

1237
01:17:39,400 --> 01:17:43,320
But surely a bit of it throughout the years, you know, as long as you're not doing it

1238
01:17:43,320 --> 01:17:51,760
doubly, which is throwing everything and nuking a flaw, you know, you can sell without being

1239
01:17:51,760 --> 01:17:57,560
too impactful of the flaw and the value of those assets on the long term.

1240
01:17:57,560 --> 01:18:04,600
So it's need to be, it's all about compromising and being cautious about what you're doing.

1241
01:18:04,600 --> 01:18:09,280
But yeah, anything I would say that, you know, not promising anything there, but anything

1242
01:18:09,280 --> 01:18:14,820
that is sort of related to the sandbox in a way or form or another is not my priority

1243
01:18:14,820 --> 01:18:15,820
for selling.

1244
01:18:15,820 --> 01:18:24,920
I've been much more inclined to selling things like cyber Kong, artifact.

1245
01:18:24,920 --> 01:18:26,760
Cyber Kong is also related to the sandbox.

1246
01:18:26,760 --> 01:18:27,760
I don't know if you know that.

1247
01:18:27,760 --> 01:18:30,480
I don't know how that is.

1248
01:18:30,480 --> 01:18:34,920
That's one of the things I've been trying to is like who's related to what.

1249
01:18:34,920 --> 01:18:39,520
I think a larger part of it is of course related to the sandbox itself, which, you know, the

1250
01:18:39,520 --> 01:18:43,560
fact that he bought that support the floor of this project already.

1251
01:18:43,560 --> 01:18:46,080
So it had had positive impact.

1252
01:18:46,080 --> 01:18:47,080
So gotcha.

1253
01:18:47,080 --> 01:18:51,160
It's not the point is that you want to, you want to start selling the things that aren't

1254
01:18:51,160 --> 01:18:52,720
related to the sandbox.

1255
01:18:52,720 --> 01:18:53,720
That's the most important part.

1256
01:18:53,720 --> 01:18:54,720
Okay.

1257
01:18:54,720 --> 01:18:55,720
Yeah.

1258
01:18:55,720 --> 01:18:57,720
I think that's the one nobody's going to complain about.

1259
01:18:57,720 --> 01:18:58,720
Yeah.

1260
01:18:58,720 --> 01:18:59,720
Yeah.

1261
01:18:59,720 --> 01:19:00,720
Yeah.

1262
01:19:00,720 --> 01:19:05,680
But, you know, to be fair, I mean, a lot of it is, it's not something I would personally

1263
01:19:05,680 --> 01:19:07,800
buy for my correction, to be honest.

1264
01:19:07,800 --> 01:19:12,040
But if it's really to the sandbox, I know that it pretty much bought it to support the

1265
01:19:12,040 --> 01:19:14,720
floor and support the launch of this project at some point.

1266
01:19:14,720 --> 01:19:16,800
So it has had a positive impact.

1267
01:19:16,800 --> 01:19:22,480
I think it would be fair to sort of say goodbye to those things after a few times or at least

1268
01:19:22,480 --> 01:19:23,720
selling part of it.

1269
01:19:23,720 --> 01:19:31,240
10% there, 5% here, you know, that's not too much of a problem for a floor.

1270
01:19:31,240 --> 01:19:35,080
But yeah, I'm not obviously not going to floor 500 parts into an avatar at once.

1271
01:19:35,080 --> 01:19:41,480
You know, I might say within the first quarter, let's sell 20 of them, for example.

1272
01:19:41,480 --> 01:19:43,200
I'm putting something out there.

1273
01:19:43,200 --> 01:19:44,200
Sure, sure.

1274
01:19:44,200 --> 01:19:48,000
Random, you know, but you know, I think it's important to keep those assets, but not being

1275
01:19:48,000 --> 01:19:52,800
overly exposed to them as well is important.

1276
01:19:52,800 --> 01:19:58,120
And all of these and all of these are currently in the possession of the sandbox.

1277
01:19:58,120 --> 01:20:03,360
And is it your own impression that all of these are going to be transferred to the DAO?

1278
01:20:03,360 --> 01:20:04,360
That's my impression.

1279
01:20:04,360 --> 01:20:05,360
Yes.

1280
01:20:05,360 --> 01:20:06,360
All right, there it is.

1281
01:20:06,360 --> 01:20:07,360
There's that number.

1282
01:20:07,360 --> 01:20:09,400
Four thousand fourteen thousand two hundred and thirty three.

1283
01:20:09,400 --> 01:20:10,400
Got it.

1284
01:20:10,400 --> 01:20:15,280
And there's been a few added since then.

1285
01:20:15,280 --> 01:20:20,640
But sometimes what I'm saying is that one vault, one operational wallet, but also a

1286
01:20:20,640 --> 01:20:24,600
lot of those things are not even worth the gas to be transferred.

1287
01:20:24,600 --> 01:20:28,200
So I think some of them is going to be listed from this wallet already.

1288
01:20:28,200 --> 01:20:33,360
And we're just going to as one transaction, the benefit of the sales throughout, because

1289
01:20:33,360 --> 01:20:39,240
if we're just transferring 14,000, you know, how much gas that's going to be ludicrous,

1290
01:20:39,240 --> 01:20:40,240
right?

1291
01:20:40,240 --> 01:20:44,560
So I think a lot of it, I don't want to spend the budget in just gas fees.

1292
01:20:44,560 --> 01:20:45,560
That doesn't make sense.

1293
01:20:45,560 --> 01:20:46,560
Good.

1294
01:20:46,560 --> 01:20:49,400
That is a good that's a smart thing for your platform, Ryan.

1295
01:20:49,400 --> 01:20:50,400
That's smart.

1296
01:20:50,400 --> 01:20:55,520
So that's why, like, even though it's still, you know, the operational part of it, there

1297
01:20:55,520 --> 01:20:58,880
was mostly like very open to suggestion and idea.

1298
01:20:58,880 --> 01:21:03,080
I think multi-seq wallet is interesting for operational side of things, but depends.

1299
01:21:03,080 --> 01:21:04,080
We'll see.

1300
01:21:04,080 --> 01:21:09,760
But yeah, a lot of that, I think I might just sell from that wallet and just send the benefit

1301
01:21:09,760 --> 01:21:14,640
of those crypto to the wallet of the DAO at some point.

1302
01:21:14,640 --> 01:21:18,360
I'm not the one that I don't have the private key of those wallets whatsoever.

1303
01:21:18,360 --> 01:21:24,840
And I will never have, I don't even have a fraction of the public key or multi-seq.

1304
01:21:24,840 --> 01:21:29,160
Most of what I'm going to do is that I'm set up operational documents where I'm going to

1305
01:21:29,160 --> 01:21:36,320
put very detailed order for people that have this bandwidth to be able to operate them,

1306
01:21:36,320 --> 01:21:41,120
especially which we have the benefit of having sandbox team, sandbox staff a bit across the

1307
01:21:41,120 --> 01:21:47,520
world covering almost all the time zone.

1308
01:21:47,520 --> 01:21:53,560
And you know, sometimes you have drop at 3am, 4am, not going to be up at 4am doing those

1309
01:21:53,560 --> 01:21:54,680
drop, right?

1310
01:21:54,680 --> 01:22:01,480
So we'll have people, I will put the order for buying the stuff if need be.

1311
01:22:01,480 --> 01:22:06,560
And anyone that have access to the wallet in the time zone will be able to operate that.

1312
01:22:06,560 --> 01:22:10,840
The operational side of things, we're still figuring out, and there's going to be a lot

1313
01:22:10,840 --> 01:22:14,280
of the first month is going to be about that.

1314
01:22:14,280 --> 01:22:20,920
It's about just like when you do any audits, it's evaluating the resources and the resources

1315
01:22:20,920 --> 01:22:24,560
and capacity that we have at our disposal, right?

1316
01:22:24,560 --> 01:22:26,080
I know the resources we have.

1317
01:22:26,080 --> 01:22:32,840
I don't know all the capacity we have because I'm not part of the sandbox team or anything.

1318
01:22:32,840 --> 01:22:38,040
So I'm not sure who's what, who's doing what, who's in which continents, etc.

1319
01:22:38,040 --> 01:22:44,880
So this will be a lot of work as set up operationally because you've said it 14,000, 18.

1320
01:22:44,880 --> 01:22:45,880
That's quite a lot.

1321
01:22:45,880 --> 01:22:52,800
But some things that are not even just worth wondering is that anything that is very sandbox,

1322
01:22:52,800 --> 01:23:02,440
sandbox, the 4,000 something, the sandbox that we have done, and the 14, yeah, it's

1323
01:23:02,440 --> 01:23:05,240
like almost 400,000.

1324
01:23:05,240 --> 01:23:13,320
Is that 4,000 sandbox related item will mostly be transferred to a vault, I think.

1325
01:23:13,320 --> 01:23:17,400
Also I'm open to suggestion how to manage that operationally from the sandbox member

1326
01:23:17,400 --> 01:23:19,720
and what do they think.

1327
01:23:19,720 --> 01:23:25,600
That's why I put the wallet within the SIP so people can look it up, see what's in there

1328
01:23:25,600 --> 01:23:31,000
and what they think might be worth dealing with, what we should avoid selling.

1329
01:23:31,000 --> 01:23:35,320
I'm open to take suggestions in that regard because it's all about supporting the community

1330
01:23:35,320 --> 01:23:42,920
and it makes sense to not liquidate things that have been to the benefit of sandbox at

1331
01:23:42,920 --> 01:23:48,000
some point, that are part of projects, things like that.

1332
01:23:48,000 --> 01:23:56,720
So I'm open to suggestion, but a lot of that I think is worth to be sell to buy more meaningful

1333
01:23:56,720 --> 01:23:59,720
artworks, to be honest.

1334
01:23:59,720 --> 01:24:04,320
But yeah, I'm quite open to suggestion in that regard because I'm not aware of every

1335
01:24:04,320 --> 01:24:05,840
project that are related to sandbox.

1336
01:24:05,840 --> 01:24:10,440
I've been very transparent about the fact that I'm not a landowner.

1337
01:24:10,440 --> 01:24:14,440
I don't have much sandbox asset, anything like that.

1338
01:24:14,440 --> 01:24:22,960
So I'm pretty ignorant or at least a stranger to a lot of what has happened to the sandbox

1339
01:24:22,960 --> 01:24:26,480
and project that we're dealing with and have worked with.

1340
01:24:26,480 --> 01:24:30,640
That's why I mentioned Cedric and Kong without knowing that at some point it's related to

1341
01:24:30,640 --> 01:24:31,640
the sandbox.

1342
01:24:31,640 --> 01:24:38,000
Yeah, they own a 12 by 12 I believe it is, but they've been involved in the sandbox for

1343
01:24:38,000 --> 01:24:42,920
quite a while as an avatar that you can own and play with in the sandbox.

1344
01:24:42,920 --> 01:24:49,840
So yeah, there's some pretty big names when it comes to that, like Everest and Cyber Syndicate

1345
01:24:49,840 --> 01:24:51,960
and Cyber Kongs.

1346
01:24:51,960 --> 01:24:52,960
There's a lot of them.

1347
01:24:52,960 --> 01:25:00,600
But that's also where sometimes personal connection and network can help.

1348
01:25:00,600 --> 01:25:05,320
If we're reaching out to those projects, asking them if they want to buy back those things

1349
01:25:05,320 --> 01:25:09,520
because that would be more useful for them to buy them back themselves, even if we get

1350
01:25:09,520 --> 01:25:15,960
less E from it, but that less is done in a much better way, I guess, at least in terms

1351
01:25:15,960 --> 01:25:18,280
of mutual trust.

1352
01:25:18,280 --> 01:25:24,920
Sometimes we can be dealing with other DAOs if there's DAOs or PFP that might be interesting

1353
01:25:24,920 --> 01:25:28,600
in swapping artwork for PFP, stuff like that.

1354
01:25:28,600 --> 01:25:33,280
There's many ways you can go about things without necessarily throwing them.

1355
01:25:33,280 --> 01:25:38,400
That's what I've mentioned through other mentioned learning, but it's mostly swapping and private

1356
01:25:38,400 --> 01:25:43,120
deals with builders, projects themselves, all the DAOs.

1357
01:25:43,120 --> 01:25:50,520
I think those are all possibilities that I think I could consider.

1358
01:25:50,520 --> 01:25:55,480
Some of them take more work than others, but if it's for the best, I think it might be

1359
01:25:55,480 --> 01:25:59,400
worth sometimes swapping things rather than selling them.

1360
01:25:59,400 --> 01:26:04,800
It might be worth sometimes to reach private deals with projects that are concerned by

1361
01:26:04,800 --> 01:26:09,360
that or projects that have a relationship with sandbox already.

1362
01:26:09,360 --> 01:26:13,440
It depends on what the community wants.

1363
01:26:13,440 --> 01:26:16,680
Okay, I think you've laid it out pretty clearly.

1364
01:26:16,680 --> 01:26:18,260
Thank you for that.

1365
01:26:18,260 --> 01:26:20,520
That makes sense.

1366
01:26:20,520 --> 01:26:22,700
What is the connection to...

1367
01:26:22,700 --> 01:26:29,240
You mentioned you linked corporate art collection and it shows the top 40 collections in the

1368
01:26:29,240 --> 01:26:30,240
world.

1369
01:26:30,240 --> 01:26:34,240
What is your connection or the SIFS connection to that?

1370
01:26:34,240 --> 01:26:38,240
That was what I was saying to you about Pernod Ricard before that.

1371
01:26:38,240 --> 01:26:44,960
It's just the idea of what's the benefit of having an art collection as a business.

1372
01:26:44,960 --> 01:26:45,960
What's...

1373
01:26:45,960 --> 01:26:46,960
Okay.

1374
01:26:46,960 --> 01:26:47,960
What was that word?

1375
01:26:47,960 --> 01:26:49,960
I keep messing it up.

1376
01:26:49,960 --> 01:26:50,960
Pernod Ricard?

1377
01:26:50,960 --> 01:26:51,960
Pernod Ricard.

1378
01:26:51,960 --> 01:26:56,560
Yeah, it's a very difficult word to say, but it's...

1379
01:26:56,560 --> 01:26:58,560
Type it out to me in Discord.

1380
01:26:58,560 --> 01:26:59,560
Yeah.

1381
01:26:59,560 --> 01:27:05,760
Pernod Ricard is an alcoholic beverage from the south of France that we call...

1382
01:27:05,760 --> 01:27:06,760
Oh, okay.

1383
01:27:06,760 --> 01:27:08,480
It's mixed with water, et cetera.

1384
01:27:08,480 --> 01:27:14,240
But I took this example because they set up the Primares en Dessin, which is very important

1385
01:27:14,240 --> 01:27:17,400
in the contemporary art world.

1386
01:27:17,400 --> 01:27:25,000
Just to take an example of saying, there's been successful corporate art collection and

1387
01:27:25,000 --> 01:27:32,840
usually having those collections have a lot of benefit down the line to being recognized

1388
01:27:32,840 --> 01:27:40,080
as a business, being able to do lobbyism to all the cultural industry and stuff like that.

1389
01:27:40,080 --> 01:27:48,360
If the sandbox were to build one of the most prominent art collection in French business,

1390
01:27:48,360 --> 01:27:53,880
the chances are that we'll be able to be more closer to the Ministry of Culture in France.

1391
01:27:53,880 --> 01:27:58,640
We'll be able to get more institutional reconnection at some point.

1392
01:27:58,640 --> 01:27:59,640
Oh, I see.

1393
01:27:59,640 --> 01:28:00,640
I see.

1394
01:28:00,640 --> 01:28:01,640
Okay.

1395
01:28:01,640 --> 01:28:02,640
Got it.

1396
01:28:02,640 --> 01:28:04,880
So it's mostly used as a lobbyist system, to be honest.

1397
01:28:04,880 --> 01:28:09,520
But I think that's the right word for it, but in spirit, that's what it is.

1398
01:28:09,520 --> 01:28:10,520
Provenance.

1399
01:28:10,520 --> 01:28:11,520
Yeah.

1400
01:28:11,520 --> 01:28:12,520
Got it.

1401
01:28:12,520 --> 01:28:17,120
It's what is a bit used in any regard, but yeah, it's pretty much about that.

1402
01:28:17,120 --> 01:28:22,000
That's why I've just linked it to other examples because when I've talked about it with Geraldine

1403
01:28:22,000 --> 01:28:25,360
from Sunbox, they were saying, oh, do you have any other example of that?

1404
01:28:25,360 --> 01:28:30,160
And so I saw this article that was listing 40 of them, so I was like, okay, you might

1405
01:28:30,160 --> 01:28:31,160
as well.

1406
01:28:31,160 --> 01:28:32,160
And I got.

1407
01:28:32,160 --> 01:28:35,160
My French is terrible.

1408
01:28:35,160 --> 01:28:40,240
Oh, don't worry.

1409
01:28:40,240 --> 01:28:46,800
It's very the worst business I could have picked up from the most mentioned thing.

1410
01:28:46,800 --> 01:28:54,600
But I guess I use them because they did a bunch of panels and conferences around digital

1411
01:28:54,600 --> 01:29:01,040
art and NFT before they work with a French artist called Niel Belouf, which is represented

1412
01:29:01,040 --> 01:29:03,560
by a big gallery in France called Kamel Menour.

1413
01:29:03,560 --> 01:29:09,520
That is pretty much like this big, big gallery in France, this Templon, Pérotard and Kamel

1414
01:29:09,520 --> 01:29:10,520
Menour.

1415
01:29:10,520 --> 01:29:11,520
And yeah.

1416
01:29:11,520 --> 01:29:12,520
So, yes.

1417
01:29:12,520 --> 01:29:13,520
Gotcha.

1418
01:29:13,520 --> 01:29:17,240
I'm not going to go into the whole story with that, so that's why I've mentioned this specifically,

1419
01:29:17,240 --> 01:29:19,520
but I realize now that if you're not into the art world, you don't really know what

1420
01:29:19,520 --> 01:29:20,520
I'm talking about.

1421
01:29:20,520 --> 01:29:23,520
I have no idea, Brian.

1422
01:29:23,520 --> 01:29:24,520
No idea.

1423
01:29:24,520 --> 01:29:25,520
It's okay.

1424
01:29:25,520 --> 01:29:31,200
And it's very specific to the art on top of that.

1425
01:29:31,200 --> 01:29:37,080
Which just to give some example of that and say is that, are the fact that other business

1426
01:29:37,080 --> 01:29:41,520
own art connection and it does make sense for Sunbox to do as well.

1427
01:29:41,520 --> 01:29:42,520
Got it.

1428
01:29:42,520 --> 01:29:50,040
So, it makes sense corporate art collections helping to build that vision that Seb has

1429
01:29:50,040 --> 01:29:54,200
said very frequently, which is he wants Sandbox to be the cultural capital of the metaverse

1430
01:29:54,200 --> 01:29:58,520
and he believes that one of the reasons why that's so important to him is because he believes

1431
01:29:58,520 --> 01:30:04,960
that organizations that last and that are powerful and that are widely used is because

1432
01:30:04,960 --> 01:30:09,200
they help build on that cultural capital, that social capital.

1433
01:30:09,200 --> 01:30:16,080
And you'd like to curate that to help improve the Sandbox's standing in its corporate art

1434
01:30:16,080 --> 01:30:17,080
collection.

1435
01:30:17,080 --> 01:30:18,080
Okay.

1436
01:30:18,080 --> 01:30:23,080
I couldn't say that better myself.

1437
01:30:23,080 --> 01:30:29,120
So something that really confused me in the SIP and the solution proposed and I'll move

1438
01:30:29,120 --> 01:30:32,000
it down here so people can see what I'm referring to.

1439
01:30:32,000 --> 01:30:36,840
The solution proposed, it starts talking about unique artwork one of one and then unique

1440
01:30:36,840 --> 01:30:41,520
artwork of a series one of one of X and then starts talking about deceased artists.

1441
01:30:41,520 --> 01:30:42,520
Can you help?

1442
01:30:42,520 --> 01:30:43,520
What does that mean?

1443
01:30:43,520 --> 01:30:50,720
Yeah, but what is all that in relation to each other and one of one and one of one of

1444
01:30:50,720 --> 01:30:54,040
X and I don't understand.

1445
01:30:54,040 --> 01:30:57,480
You don't know this classification?

1446
01:30:57,480 --> 01:31:00,680
You're talking to a gamer, someone who's like a business person.

1447
01:31:00,680 --> 01:31:01,680
I have nothing.

1448
01:31:01,680 --> 01:31:06,080
I know nothing about the art world and I'm willing to say that most of the Sandbox doesn't

1449
01:31:06,080 --> 01:31:09,760
either the Sand Fam.

1450
01:31:09,760 --> 01:31:16,000
So one of one refer to unique artwork that exists in one edition.

1451
01:31:16,000 --> 01:31:21,240
It's the most like Mona Lisa.

1452
01:31:21,240 --> 01:31:26,000
This is a it's difficult to say to take it like that.

1453
01:31:26,000 --> 01:31:27,000
I guess.

1454
01:31:27,000 --> 01:31:30,040
Let me find an example for that.

1455
01:31:30,040 --> 01:31:34,920
The Mona Lisa in a way, if we go into details, not really, but for the common knowledge,

1456
01:31:34,920 --> 01:31:37,280
let's say yes, it's a unique art.

1457
01:31:37,280 --> 01:31:38,280
Thank you.

1458
01:31:38,280 --> 01:31:44,280
That only exists in one format, even though people think it exists in other ways, but

1459
01:31:44,280 --> 01:31:46,600
you know, it doesn't matter.

1460
01:31:46,600 --> 01:31:50,000
There's only one Mona Lisa and that's one of one.

1461
01:31:50,000 --> 01:31:51,000
Okay.

1462
01:31:51,000 --> 01:31:54,920
Photograph, for example, when you take a photography and you print it, you can print

1463
01:31:54,920 --> 01:31:56,160
it as an edition, right?

1464
01:31:56,160 --> 01:32:01,160
So it's a one out of 31 out of 50, 100, 1000.

1465
01:32:01,160 --> 01:32:03,360
This is not a one on one anymore.

1466
01:32:03,360 --> 01:32:08,920
One on one is a very, I guess, quite a specific to NFTs, but exists in painting pretty much

1467
01:32:08,920 --> 01:32:13,480
a painter usually produce one on one artwork because it's just too much of a hassle to

1468
01:32:13,480 --> 01:32:15,000
paint the exact same painting.

1469
01:32:15,000 --> 01:32:16,000
It's not very interesting.

1470
01:32:16,000 --> 01:32:17,000
Oh, okay.

1471
01:32:17,000 --> 01:32:18,000
I see.

1472
01:32:18,000 --> 01:32:19,760
So it's about the number of editions.

1473
01:32:19,760 --> 01:32:25,520
So one on one is a unique artwork and a one on one of X is what we call a unique artwork

1474
01:32:25,520 --> 01:32:26,880
in the series.

1475
01:32:26,880 --> 01:32:33,640
So any art blocks project, generative art project is a one on one of X.

1476
01:32:33,640 --> 01:32:37,720
If you take a Jackson Pollock, for example, Pollock, you know, he used what we call a

1477
01:32:37,720 --> 01:32:40,240
pendulum to paint his painting with dripping.

1478
01:32:40,240 --> 01:32:42,240
Yeah, I've seen those TikToks.

1479
01:32:42,240 --> 01:32:46,480
Someone loads up a paint can and like, yeah, okay.

1480
01:32:46,480 --> 01:32:47,480
It's a bucket.

1481
01:32:47,480 --> 01:32:48,920
It's technically mathematical, right?

1482
01:32:48,920 --> 01:32:51,840
Because pendulum depends on the rotation of the earth and the bunch of other things.

1483
01:32:51,840 --> 01:32:53,720
Sure, physics and all that.

1484
01:32:53,720 --> 01:32:56,920
So it's the same technique that produce works in series.

1485
01:32:56,920 --> 01:33:00,080
So these different things are works in series.

1486
01:33:00,080 --> 01:33:01,360
It's the same series.

1487
01:33:01,360 --> 01:33:05,400
It's all unique painting, but part of the same series, right?

1488
01:33:05,400 --> 01:33:11,520
And generative art project like Squiggles or even the CryptoPunk are one on one of X,

1489
01:33:11,520 --> 01:33:16,800
which means that they are made from the same algorithm, but all unique artwork from the

1490
01:33:16,800 --> 01:33:18,040
same collection.

1491
01:33:18,040 --> 01:33:22,920
So it's unique, but also there's exists other ones that are unique as well.

1492
01:33:22,920 --> 01:33:28,120
So you know, every CryptoPunk is unique, but this sort of look like, you know, looks similar

1493
01:33:28,120 --> 01:33:29,120
in a way, right?

1494
01:33:29,120 --> 01:33:30,120
It's part of the same collection.

1495
01:33:30,120 --> 01:33:35,640
So one on one of X is just a terminology to say unique artwork in a series.

1496
01:33:35,640 --> 01:33:39,440
And that's true for mostly generative art.

1497
01:33:39,440 --> 01:33:43,240
You would have that for a few photography project, but that's rare.

1498
01:33:43,240 --> 01:33:49,520
And more recently project like brain drops in AI are one on one of X projects.

1499
01:33:49,520 --> 01:33:53,120
So this is a category that in art is interested in.

1500
01:33:53,120 --> 01:33:54,120
Why?

1501
01:33:54,120 --> 01:33:59,120
Because there's a large number which make it so that it's quite liquid.

1502
01:33:59,120 --> 01:34:03,520
And there is usually enough transaction so you can easily tell how much it's worth, right?

1503
01:34:03,520 --> 01:34:09,800
When you have a Squiggles setting every day, you sort of have a notion of how much a Squiggle

1504
01:34:09,800 --> 01:34:14,000
is worth because you can say, well, there's one that sold yesterday.

1505
01:34:14,000 --> 01:34:17,000
Of course, there's notion of variety that comes through it sometimes, but you know,

1506
01:34:17,000 --> 01:34:22,560
it pretty much tells you a Squiggle is worth $13,000 for the last few years.

1507
01:34:22,560 --> 01:34:29,120
When it's about unique artwork or, you know, others work in other series, when you haven't

1508
01:34:29,120 --> 01:34:35,040
had the sales in a year, in three months, when it's a very different works from what

1509
01:34:35,040 --> 01:34:38,440
another you can compare, it's quite difficult to come up with estimates.

1510
01:34:38,440 --> 01:34:43,200
It was a bit, the big part of the job I was doing at Sotheby's was producing estimate

1511
01:34:43,200 --> 01:34:48,200
for the work and it's just a very difficult process because you have to compare value

1512
01:34:48,200 --> 01:34:55,600
in E, value in Fiat, certain years that are worth more than others and other factors that

1513
01:34:55,600 --> 01:34:57,320
are both qualitative and quantitative.

1514
01:34:57,320 --> 01:35:03,240
So it's not all mathematical, but it's just part of what does the valuation of an artwork.

1515
01:35:03,240 --> 01:35:13,160
So 101 and 101 of X is just terminology for unique artwork, edition or unique artwork

1516
01:35:13,160 --> 01:35:14,160
in a series.

1517
01:35:14,160 --> 01:35:20,160
And when I'm saying they seize artists, this might be hard because you might say, oh, most

1518
01:35:20,160 --> 01:35:21,800
NFT artists are alive, right?

1519
01:35:21,800 --> 01:35:27,480
Well, there's actually a bunch that are dead and are still very interesting, namely Vera

1520
01:35:27,480 --> 01:35:31,800
Molnar, the proto-generative artist that released the project with Sotheby's.

1521
01:35:31,800 --> 01:35:35,640
She died last year at 101 years old.

1522
01:35:35,640 --> 01:35:41,440
There was Herbert W. Frank, who was well a pioneer of generative art, died two years

1523
01:35:41,440 --> 01:35:45,480
ago at 81 that did a project.

1524
01:35:45,480 --> 01:35:52,720
Frank Stella as well, they did a project with Air in the US, NFT project and died I think

1525
01:35:52,720 --> 01:35:55,120
a few months ago.

1526
01:35:55,120 --> 01:35:59,560
And you have also in your space, one of my favorite artists, Alotamony, that did a few

1527
01:35:59,560 --> 01:36:05,720
stuff in the sandbox, but that was mostly known as a big voxel architect in crypto voxel,

1528
01:36:05,720 --> 01:36:08,840
did die two years ago.

1529
01:36:08,840 --> 01:36:13,760
And so I just wanted to be broad in the sense of if we give more data on specific things,

1530
01:36:13,760 --> 01:36:20,120
I just wanted to cover all the bases and be like, you know, I'm open to very various different

1531
01:36:20,120 --> 01:36:23,880
typology of work, depending on the strategy.

1532
01:36:23,880 --> 01:36:27,480
And you know, I was going to say living and emerging artists, and I thought, oh, there's

1533
01:36:27,480 --> 01:36:31,240
a bunch of artists that did die and that are still very interesting to integrate within

1534
01:36:31,240 --> 01:36:32,280
the collection.

1535
01:36:32,280 --> 01:36:36,160
So I'm just to cover all the bases I've put living and deceased artists.

1536
01:36:36,160 --> 01:36:38,400
Yeah, that was just the reason.

1537
01:36:38,400 --> 01:36:41,440
It was for the sake of covering all of my bases.

1538
01:36:41,440 --> 01:36:42,440
Okay.

1539
01:36:42,440 --> 01:36:43,440
Got it.

1540
01:36:43,440 --> 01:36:46,800
No, makes sense.

1541
01:36:46,800 --> 01:36:52,440
So let's move on down to risk analysis.

1542
01:36:52,440 --> 01:36:58,600
Does going from well known profile pictures to independent artists means that we'll have

1543
01:36:58,600 --> 01:37:02,240
less money, less profits, it'll be worth less value.

1544
01:37:02,240 --> 01:37:11,400
Well, I believe it's the opposite, actually, I mean, to be to to be fair, the way you make

1545
01:37:11,400 --> 01:37:18,960
money on collectibles project and PFP avatar is to be early, early investor units.

1546
01:37:18,960 --> 01:37:23,720
And so to have an interesting entry point, which is not really the case anymore with

1547
01:37:23,720 --> 01:37:24,720
collectibles.

1548
01:37:24,720 --> 01:37:29,200
Like if we were to buy more collectibles, let's say we want to buy a crypto bank because

1549
01:37:29,200 --> 01:37:34,040
there's not a crypto bank in the collection.

1550
01:37:34,040 --> 01:37:35,040
Is it worth it?

1551
01:37:35,040 --> 01:37:36,040
I'm not sure.

1552
01:37:36,040 --> 01:37:43,600
It's been the crypto bank worth even though it's fluctuated in value from 50 to 30, it

1553
01:37:43,600 --> 01:37:49,960
pretty much remained within your 100k, 120k in fiat value for the last few years.

1554
01:37:49,960 --> 01:37:57,400
It's been down the floor in if I've been down, but the floor in fiat has been quite stable.

1555
01:37:57,400 --> 01:38:02,360
So if we were to buy one now, you know, I don't know if it's going to worth more than

1556
01:38:02,360 --> 01:38:09,040
150k the next three years, obviously, crypto bank were very much worth to buy to be bought

1557
01:38:09,040 --> 01:38:12,920
when they were three, 10,000, 20,000, 30,000 euros.

1558
01:38:12,920 --> 01:38:16,840
Yes, that was they were worth buying back then.

1559
01:38:16,840 --> 01:38:18,840
But I have a few that I have just on my phone.

1560
01:38:18,840 --> 01:38:23,840
I couldn't share this document because it's it's under NDA.

1561
01:38:23,840 --> 01:38:30,320
But what I have as an example is that a little citation from Great Capital.

1562
01:38:30,320 --> 01:38:38,560
So they did some sort of audits of the last few years value where if I've lost 26% of

1563
01:38:38,560 --> 01:38:46,120
value in USD was like last year, generative us was down 15%, AIR was down 18%.

1564
01:38:46,120 --> 01:38:52,920
The art side of things were generally down 20%, whereas the collectible market was down

1565
01:38:52,920 --> 01:38:54,720
40%.

1566
01:38:54,720 --> 01:39:05,240
And so it is it tends to to as for a contracted market in the bear market, which people are

1567
01:39:05,240 --> 01:39:12,200
arguing if we are in bull market or bear market, why they're still very much in bear market.

1568
01:39:12,200 --> 01:39:20,360
I believe that, you know, art is more resilient than PFP and the profitability of it.

1569
01:39:20,360 --> 01:39:24,080
When you're scouting for emerging artists is much more interesting.

1570
01:39:24,080 --> 01:39:26,360
I mean, I can talk from experience.

1571
01:39:26,360 --> 01:39:32,880
I had the chance to be an early investor in NFTs as soon as in 2019.

1572
01:39:32,880 --> 01:39:38,360
But in 2020, you know, the things that brought me the most return were art buy.

1573
01:39:38,360 --> 01:39:43,100
I was very lucky because I managed to get like people's for $1 on drop.

1574
01:39:43,100 --> 01:39:48,160
So you know, this investment on $1 on the people, ridiculous.

1575
01:39:48,160 --> 01:39:52,000
It's worth 80 now and the average 70 maybe.

1576
01:39:52,000 --> 01:39:56,800
So art is not necessarily a bad investments can be a great investment when you're lucky

1577
01:39:56,800 --> 01:40:03,960
sometimes and when you have some flair and some some eyes that depends, a vision at least.

1578
01:40:03,960 --> 01:40:07,680
So it's difficult to put a definitive answer to it.

1579
01:40:07,680 --> 01:40:14,280
It's for sure less, you know, if you want to make money with PFP, if you want to blur

1580
01:40:14,280 --> 01:40:18,760
farm blast farming and stuff like that, it's quite intense operationally.

1581
01:40:18,760 --> 01:40:21,160
You have to do a lot of transaction.

1582
01:40:21,160 --> 01:40:25,400
And one of the things we're quite limited on when you have a connection that is under

1583
01:40:25,400 --> 01:40:31,120
the custody of a DAO is that you want to limit the number of people that have access to this

1584
01:40:31,120 --> 01:40:32,120
wallet.

1585
01:40:32,120 --> 01:40:38,240
And this is more safe, but it's also more operationally a burden.

1586
01:40:38,240 --> 01:40:42,600
And so if you want to make I don't think we have the operational capacity to honestly

1587
01:40:42,600 --> 01:40:47,680
be able to make banks with PFP in the way that you're supposed to do it if you want

1588
01:40:47,680 --> 01:40:49,600
to make banks with it.

1589
01:40:49,600 --> 01:40:56,200
So it seems much more smart to sort of limit the number of assets.

1590
01:40:56,200 --> 01:41:01,840
I think like we're going to go from 14,000 assets to you know, I'm targeting something

1591
01:41:01,840 --> 01:41:07,760
like 300 at most would be much more manageable on the long term.

1592
01:41:07,760 --> 01:41:09,960
From 14,200 to 300.

1593
01:41:09,960 --> 01:41:10,960
Yeah.

1594
01:41:10,960 --> 01:41:15,280
So that's about that, like our collection doesn't need to be huge.

1595
01:41:15,280 --> 01:41:18,700
When it becomes too big, it's just an accumulation.

1596
01:41:18,700 --> 01:41:26,440
So I want to refocus it with the makes, but some of the purchase I want to do might be

1597
01:41:26,440 --> 01:41:29,560
10 if plus.

1598
01:41:29,560 --> 01:41:34,840
And those assets, I think could bring interesting results on the midterm.

1599
01:41:34,840 --> 01:41:38,720
Like Jopies, for example, I've had pretty interesting sales.

1600
01:41:38,720 --> 01:41:44,680
Other artists like that, but it's it will be much more manageable because then the question

1601
01:41:44,680 --> 01:41:51,280
is the number of time going to take is just tenfold more important.

1602
01:41:51,280 --> 01:41:56,160
So when this collection will be built up and like, you know, the devil might want to sell

1603
01:41:56,160 --> 01:41:57,800
it at some point.

1604
01:41:57,800 --> 01:42:05,080
I think it would be much more easier to liquidate 300 assets that are worth 10 if, 5 if, several

1605
01:42:05,080 --> 01:42:12,520
if each at least, then liquidating 14,000 assets that are in 0.1, 0.00, stuff like that.

1606
01:42:12,520 --> 01:42:14,960
Because then the gas is really making the difference.

1607
01:42:14,960 --> 01:42:24,280
So it's just a different strategy from, you know, with more concentration with a limited

1608
01:42:24,280 --> 01:42:25,280
number of assets.

1609
01:42:25,280 --> 01:42:28,560
I don't know if I can use an analogy from it.

1610
01:42:28,560 --> 01:42:29,840
I get what you're saying.

1611
01:42:29,840 --> 01:42:31,640
I think it's clear.

1612
01:42:31,640 --> 01:42:41,040
If you go from 14,000 to 300, it saves on not only gas fees, but you have a meaningful

1613
01:42:41,040 --> 01:42:43,120
collection that you can manage.

1614
01:42:43,120 --> 01:42:47,400
Whereas at 14,000, it's just it's all over the place.

1615
01:42:47,400 --> 01:42:51,560
At any point in time, you can lose track of assets and because it's too many, too many

1616
01:42:51,560 --> 01:42:52,560
thousands.

1617
01:42:52,560 --> 01:42:59,520
And also, I mean, to make banks and just make money of profitability out of PFP, it just

1618
01:42:59,520 --> 01:43:06,160
it requires such a big number of transaction that I don't even think it's implementable

1619
01:43:06,160 --> 01:43:12,400
within the system that exists for this collection with the custody.

1620
01:43:12,400 --> 01:43:17,760
So it would be possible, let's say if we have one very big gambler, the gen with immense

1621
01:43:17,760 --> 01:43:23,040
talents and we say, oh, take the private keys and you know, have funds and makes money.

1622
01:43:23,040 --> 01:43:26,360
I'm sure someone could make that and manage that.

1623
01:43:26,360 --> 01:43:31,440
But then the risk of it is huge because anyone can just run with the bank.

1624
01:43:31,440 --> 01:43:35,880
So you know, what I mean is that it's not impossible, but I just think that we don't

1625
01:43:35,880 --> 01:43:40,800
really have the resources and capacity and the basis of a new strategy is to adapt it

1626
01:43:40,800 --> 01:43:44,920
to the resources and capacity that is at disposal.

1627
01:43:44,920 --> 01:43:48,760
And yeah, I cannot know we're not going to make that make sense.

1628
01:43:48,760 --> 01:43:53,820
Yeah, but with safety in mind, with safety in mind, risk management and with the capacity

1629
01:43:53,820 --> 01:43:54,820
that you have.

1630
01:43:54,820 --> 01:43:57,820
Okay.

1631
01:43:57,820 --> 01:43:59,320
Okay.

1632
01:43:59,320 --> 01:44:00,960
Good.

1633
01:44:00,960 --> 01:44:04,120
Well, that that was very good to know what your vision is.

1634
01:44:04,120 --> 01:44:08,920
I think that's another thing you should emphasize is that plan is I don't think that is clearly

1635
01:44:08,920 --> 01:44:10,280
understood here.

1636
01:44:10,280 --> 01:44:14,440
There's a lot of words in this thing in the SIP.

1637
01:44:14,440 --> 01:44:20,680
Most of it is is good to know but doesn't really give me a sense of what your plan is

1638
01:44:20,680 --> 01:44:27,120
until I get down to the 90 day plan, which is one to one to go over next is that 90 day

1639
01:44:27,120 --> 01:44:33,280
plan you have going from collection cataloging in September to loaning and selling before

1640
01:44:33,280 --> 01:44:38,440
October, then your first wave of acquisitions before November.

1641
01:44:38,440 --> 01:44:43,800
And then last would be before December is AMA is reporting results and that sort of

1642
01:44:43,800 --> 01:44:44,800
stuff.

1643
01:44:44,800 --> 01:44:54,720
Yeah, I mean, when I had that in the template, I was a bit iffy about it because a lot of

1644
01:44:54,720 --> 01:44:59,040
the things we're going to be actually doing is a lot of everything in the same time.

1645
01:44:59,040 --> 01:45:05,440
Like doesn't make sense to not work on the catalog until December because it's you have

1646
01:45:05,440 --> 01:45:09,720
it save you much more time to do it when you buy it because you have the ideas much more

1647
01:45:09,720 --> 01:45:10,840
clearer.

1648
01:45:10,840 --> 01:45:17,160
But for the sake of is ability and understanding, we sort of match this template.

1649
01:45:17,160 --> 01:45:23,460
But to reality of the job is much more complex and you have to do a bit of everything same

1650
01:45:23,460 --> 01:45:25,380
times.

1651
01:45:25,380 --> 01:45:29,400
One of the reasons everything is not that clear is because part of the job is also to

1652
01:45:29,400 --> 01:45:30,980
make that plan.

1653
01:45:30,980 --> 01:45:34,620
And I've put up a bit of time making this proposal, etc.

1654
01:45:34,620 --> 01:45:40,600
It's very unusual for me to ask to be elected for a job.

1655
01:45:40,600 --> 01:45:46,360
I just know deal with private collectors directly. So even as a French guy putting out all their money

1656
01:45:46,480 --> 01:45:48,480
Emuneration is a very odd experience to me

1657
01:45:49,080 --> 01:45:52,660
because you know, we have a lot of time with money on money and stuff like that, so

1658
01:45:53,480 --> 01:45:56,100
It's to be adapted to the Liz ability of it

1659
01:45:56,100 --> 01:46:00,360
but the truth is is that a lot of it is we have to do in the same times and

1660
01:46:00,760 --> 01:46:02,760
I cannot dedicate like

1661
01:46:03,200 --> 01:46:08,220
20 hours of my week to put up a very detailed plans is I don't know if I will be able to implement

1662
01:46:08,220 --> 01:46:14,620
Even if itself that might use for the dough is like it's something that you know as a curator

1663
01:46:14,620 --> 01:46:18,740
I've always been very adamant to not work for free and that's a project

1664
01:46:18,740 --> 01:46:23,220
That's a problem that many of the intermediate we have enough space it really create those and have them work for free

1665
01:46:23,980 --> 01:46:27,500
And that just is something that doesn't benefit anyone

1666
01:46:28,340 --> 01:46:30,380
And so yeah, I mean, you know

1667
01:46:30,380 --> 01:46:39,380
To be transparent, I'm not willing to put 35 hours of my week just because first I don't have that time and second because I'm not putting all that

1668
01:46:39,540 --> 01:46:42,940
Times invested if I'm not sure to be paid for it to be honest

1669
01:46:43,220 --> 01:46:47,820
So that's why how much time will you be devoting if this super to go through you get hired?

1670
01:46:47,820 --> 01:46:53,900
How much time are you going to be devoting? I've sort of estimated that we would it would take me

1671
01:46:54,820 --> 01:46:57,620
Somewhere between four to six day a month

1672
01:46:57,620 --> 01:46:59,620
Four to six days a month

1673
01:46:59,620 --> 01:47:06,380
Yeah, which every day would be like, you know stand our nine hour day day pretty much

1674
01:47:06,700 --> 01:47:12,540
But usually for collection management, you're sort of bidding it by a to daily at sort of the daily price

1675
01:47:13,540 --> 01:47:17,260
Yeah, so I'm gonna take a specific day because I'm already getting

1676
01:47:17,780 --> 01:47:20,940
two days a week to outperish my startup and

1677
01:47:21,460 --> 01:47:26,140
Then I have also all my exhibition project that I'm working on for

1678
01:47:26,140 --> 01:47:30,540
To five more bases, but that can take me, you know when exhibition is running

1679
01:47:30,540 --> 01:47:34,580
It's a full week that I cannot, you know have so yeah, it's not gonna be yeah

1680
01:47:34,580 --> 01:47:40,700
So the estimate is four to six day a month pretty much and and you think four to six days a month you

1681
01:47:41,100 --> 01:47:46,140
you believe that that is going to be enough to go through the plan of

1682
01:47:46,780 --> 01:47:50,820
Cataloging and selling and acquisitions and reporting

1683
01:47:50,820 --> 01:47:56,100
Yes, because we do have the operational team of this home book, so I just have to put all those

1684
01:47:56,100 --> 01:47:58,100
Oh, you meant they can't follow you through

1685
01:47:58,660 --> 01:48:04,100
But I'm not gonna be the one behind the computer and putting beads on the fancy. So in that regard

1686
01:48:05,300 --> 01:48:11,780
Yeah, it's gonna be sufficient. I'm most likely gonna do extra. Well, I'm already pretty confident about it

1687
01:48:12,980 --> 01:48:14,860
We'll see about the operational side of things

1688
01:48:14,860 --> 01:48:15,340
But yeah

1689
01:48:15,340 --> 01:48:22,780
I think for the first few months where we have to set up a lot of system, etc. You know, it's gonna be full days work and

1690
01:48:23,300 --> 01:48:26,620
That I need to be only you know fully focused on

1691
01:48:27,260 --> 01:48:30,180
And for this is enough even just if one mouth

1692
01:48:31,180 --> 01:48:34,380
But first because a lot of it I've already sort of have in my mind

1693
01:48:34,380 --> 01:48:39,020
You have a listing of artists of thousands of artists have listing of people to get in touch with

1694
01:48:40,540 --> 01:48:42,540
I got a contact with a

1695
01:48:42,540 --> 01:48:47,420
Lot of people I can that's no a lot of dust preliminary work is already done in a way

1696
01:48:48,340 --> 01:48:54,860
but it's come down to experience and skills, but but yeah, that's what I've sort of you know

1697
01:48:55,860 --> 01:48:58,180
Estimated if it's more it's gonna be more

1698
01:48:59,140 --> 01:49:03,500
And and the budget I guess we're gonna we'll see how we deal with the budget

1699
01:49:03,500 --> 01:49:07,300
But you know, I guess if it's if it's over time and I realize

1700
01:49:07,700 --> 01:49:10,300
Doesn't take me six day a month. It takes me two days

1701
01:49:10,300 --> 01:49:13,180
Doesn't take me six day a month. It takes me ten days

1702
01:49:13,660 --> 01:49:15,660
Then I would adapt for the next step

1703
01:49:15,860 --> 01:49:20,860
If this one happened to to adapt just more more budget because I need more workload

1704
01:49:21,300 --> 01:49:26,860
But sorry, I've been to the budget on the estimation of my workload at some point. Yeah, and I see that the

1705
01:49:27,620 --> 01:49:31,260
Estimation of your budget was 30,000 pounds for four months

1706
01:49:32,540 --> 01:49:37,900
Yes, so that include the exhibition right so the exhibition itself already have some invoicing

1707
01:49:37,900 --> 01:49:42,420
But you know if you want to do it in Paris with a gallery that already has screens

1708
01:49:43,660 --> 01:49:48,100
We can get some other people so I get preferred preferable rates

1709
01:49:48,900 --> 01:49:54,780
But you know, you're somewhere around 15k a week at the very list and that's like the cheapest option

1710
01:49:55,340 --> 01:49:58,740
So so 15k week to do exhibitions in Paris

1711
01:49:59,420 --> 01:50:05,700
Yes, it's spaces are very expensive. But then you know, there is trick to go around and stuff

1712
01:50:05,700 --> 01:50:09,020
But it's not even really enough to even do two exhibitions

1713
01:50:10,020 --> 01:50:13,860
No, no, no, there will not be a I think once per quarter would be more than enough

1714
01:50:14,380 --> 01:50:21,500
I do believe that you know grid are true out there the fact that it's owned by Sebastian would most likely, you know

1715
01:50:22,060 --> 01:50:27,860
I guess if they can give us for free then the cost will just be FNB and

1716
01:50:28,660 --> 01:50:33,740
Communication and a few like design stuff you might need and a few salaries here and there

1717
01:50:33,740 --> 01:50:37,420
but yeah, the document like that, but yeah, it's

1718
01:50:38,180 --> 01:50:40,180
usually like the art gallery

1719
01:50:41,140 --> 01:50:44,700
Their rates is like four thousand a day

1720
01:50:46,060 --> 01:50:52,420
So, yeah, the rate is if you were to rent the art gallery from 8 a.m. To 11 p.m

1721
01:50:52,740 --> 01:50:57,220
Which is usually the times when you have an opening day. It will cost you around

1722
01:50:57,940 --> 01:51:00,940
40000 euros before tax

1723
01:51:00,940 --> 01:51:03,540
So yeah, that just crammed up very fast

1724
01:51:04,020 --> 01:51:09,220
So that's why especially every exhibition project is different if you're doing for a fair

1725
01:51:09,700 --> 01:51:14,220
If you're doing in Paris in London or Taipei, it's very different. So I was thinking that

1726
01:51:14,860 --> 01:51:16,860
if we were to do

1727
01:51:17,460 --> 01:51:22,700
Exhibition more often it would go through its own sit projects

1728
01:51:23,540 --> 01:51:26,940
Because an exhibition anyways takes about three months to organize

1729
01:51:26,940 --> 01:51:32,780
In terms of just things you have to work on contract and stuff that depends on if you're doing with artists in consigning

1730
01:51:32,780 --> 01:51:36,860
I mean, it's a lot of details that I brush off there, but it's it's several month of work

1731
01:51:37,980 --> 01:51:41,660
So it can go through a project because that doesn't impact too much the timeline

1732
01:51:42,220 --> 01:51:46,660
And budget might need to be adaptable if if you want to be at a THC

1733
01:51:46,660 --> 01:51:51,140
We want to be at the meta last minutes or for specific project where we have to run the red out of booth

1734
01:51:51,140 --> 01:51:55,660
You know an exhibition can cost from five thousand to five million euros depends on what you're doing

1735
01:51:56,660 --> 01:51:58,660
So

1736
01:51:58,660 --> 01:52:04,260
It's thirty thousand pounds fifteen thousand would be for one one exhibition and the rest of will go to the team

1737
01:52:05,220 --> 01:52:09,460
Yeah, pretty much my daily rate is somewhere around one thousand euros a day

1738
01:52:10,260 --> 01:52:13,620
Before tax to be entirely transparent with you whereas Greeda

1739
01:52:14,580 --> 01:52:17,980
It's a bit less because she's not doing it for a fair amount of money

1740
01:52:17,980 --> 01:52:24,380
It's a bit less because she's not doing the collection management part in the producing of a lot of those documents

1741
01:52:24,380 --> 01:52:26,780
She's more around six hundred six hundred euros a day

1742
01:52:27,740 --> 01:52:29,740
Yeah, that's about that

1743
01:52:29,700 --> 01:52:30,900
Okay

1744
01:52:30,900 --> 01:52:36,220
And so yours is about a thousand bucks a day Greed is a little bit less than that and fifteen thousand

1745
01:52:36,220 --> 01:52:38,220
It would go to an at least one exhibition

1746
01:52:39,300 --> 01:52:45,740
Yeah, I'm sure I could find some deals for this initiative to make it happen in a more interesting way at least a more cheapest way

1747
01:52:45,740 --> 01:52:46,620
but

1748
01:52:46,620 --> 01:52:47,940
You know

1749
01:52:47,940 --> 01:52:50,360
The space is just one expense, right?

1750
01:52:50,360 --> 01:52:56,300
When you're doing exhibition you have to rent out a truck bring some stuff. Sometimes you have to buy synotropic elements

1751
01:52:57,180 --> 01:53:01,820
Even the things you know, if you write a text if you want to print out that text and do it to the wall

1752
01:53:02,020 --> 01:53:05,380
That's usually a couple hundred of euros. You know, I mean so many

1753
01:53:09,100 --> 01:53:12,220
Done my cost but even when I'm producing my own shows

1754
01:53:12,220 --> 01:53:19,980
It usually costs me aside from the renting of the place somewhere around 10k for screens and graphic element

1755
01:53:20,700 --> 01:53:22,700
printing

1756
01:53:22,980 --> 01:53:28,200
Invitational, you know that and and and yeah, that's all of all of my pocket

1757
01:53:28,900 --> 01:53:32,140
And so and then there's the renting of the space and stuff like that

1758
01:53:32,740 --> 01:53:37,300
For an FTP is for example, he costed me ten more than ten thousand euro

1759
01:53:37,300 --> 01:53:41,620
Without the booth so and we were one of the most cheapest

1760
01:53:42,580 --> 01:53:47,860
tight budget one of the things we do for example is renting rather than renting screens

1761
01:53:48,340 --> 01:53:55,620
We do one very cheeky thing is that we buy the screens and within the European digital acts of 20 something

1762
01:53:56,660 --> 01:54:03,540
Whichever you buy online in European country if you're not satisfied you can be reimbursed within 15 days

1763
01:54:03,540 --> 01:54:08,260
So rather than renting screens for two weeks, which will cost us three thousand euros

1764
01:54:08,820 --> 01:54:14,580
I just buy 10k worth of screens and bring them back to the shop within 15 days to be reimbursed

1765
01:54:15,300 --> 01:54:20,180
Got it. Okay, I saved the renting cause it's a bit of a cheeky process is very much

1766
01:54:21,060 --> 01:54:24,580
If you have friends that did rave parties or that our musician

1767
01:54:24,820 --> 01:54:30,500
They often do that rather than renting out the gear they buy it and sort of bring it back to the shop to be reimbursed

1768
01:54:30,500 --> 01:54:37,460
Treasury wise it seems like you have a big hole of 15,000 for a while, but then you get reimbursed within 15 days as well

1769
01:54:38,340 --> 01:54:44,260
but yeah, there's way to save money and cut corners, but uh, that's a bit of a french facility, but uh

1770
01:54:44,900 --> 01:54:53,380
Yeah, that's a lot. That's one of the reasons why I wasn't sure if we're gonna win we were going to include it within the budget because

1771
01:54:54,340 --> 01:54:55,460
those projects

1772
01:54:55,460 --> 01:54:57,460
Depending on the location the city

1773
01:54:57,460 --> 01:55:04,420
Can be very different projects and different budgets. So this yeah, I mean I think they're gonna be they're on sip

1774
01:55:05,300 --> 01:55:06,580
later on

1775
01:55:06,580 --> 01:55:13,220
But just because I had some invoicing from gridar for the art gallery. I think that you know, it was important to put it in there

1776
01:55:13,940 --> 01:55:15,940
first part

1777
01:55:16,500 --> 01:55:17,460
Okay

1778
01:55:17,460 --> 01:55:20,500
Yeah, it's quite open to feedback on that regard as well

1779
01:55:20,820 --> 01:55:24,180
one more question before we go back to you and I and we

1780
01:55:24,180 --> 01:55:29,220
Look at closing. What is the sandbox digital art manifesto?

1781
01:55:30,020 --> 01:55:32,020
And what how is it connected to the sip?

1782
01:55:37,300 --> 01:55:39,300
Oh, did we freeze again?

1783
01:55:41,700 --> 01:55:43,220
Oh, no

1784
01:55:43,220 --> 01:55:45,220
Oh, we froze

1785
01:55:45,540 --> 01:55:48,580
Okay. So while we get back on frozen

1786
01:55:49,940 --> 01:55:51,140
Wow

1787
01:55:51,140 --> 01:55:55,540
This was unexpected in a good way. This was definitely unexpected in a good way

1788
01:55:55,540 --> 01:56:01,380
I did not I did not gather this was a nomination sip and it's clear that he

1789
01:56:02,020 --> 01:56:08,340
Has deep expertise in this field. So if there were someone to manage the digital art portfolio

1790
01:56:08,980 --> 01:56:10,500
Do you agree?

1791
01:56:10,500 --> 01:56:12,500
Do you agree with what he's saying?

1792
01:56:13,300 --> 01:56:17,380
That that he wants to expand the the focus

1793
01:56:17,380 --> 01:56:25,380
All right, focus the the portfolio from 14 000 things to much more refined things that apply directly to the sandbox

1794
01:56:25,700 --> 01:56:32,660
That really talks about how we are the cultural capital of the metaverse. That is what brian is looking to do here

1795
01:56:33,220 --> 01:56:34,420
and

1796
01:56:34,420 --> 01:56:36,420
Are we back yet brian?

1797
01:56:36,420 --> 01:56:43,620
Yeah, okay. Great. So we're just kind of rehashing a little bit what what I had learned so far. So what I asked was is um,

1798
01:56:43,620 --> 01:56:47,140
What is the sandbox digital art manifesto and how is it connected to the sip?

1799
01:56:48,580 --> 01:56:53,780
So the sandbox digital art manifesto was a text written by grida. I believe it was all

1800
01:56:54,340 --> 01:56:55,860
Planned for

1801
01:56:55,860 --> 01:56:58,420
Another sip that never were submitted

1802
01:56:59,620 --> 01:57:06,020
Uh, and it's just the idea of putting you know to have a thesis around the collection and just

1803
01:57:06,740 --> 01:57:08,420
I guess

1804
01:57:08,420 --> 01:57:09,700
saying

1805
01:57:09,700 --> 01:57:11,140
What is the

1806
01:57:11,140 --> 01:57:17,700
saying what is it that we all agree on like what is a manifesto manifesto is just a

1807
01:57:18,340 --> 01:57:20,500
document with a bunch of academic reference

1808
01:57:21,300 --> 01:57:22,020
that

1809
01:57:22,020 --> 01:57:28,740
Meant to be some sort of a constitution, right? And so manifesto is meant to be some sort of constitution of

1810
01:57:29,540 --> 01:57:34,340
The project but it's just an annex document that was meant for another thing. It was just to say that

1811
01:57:35,300 --> 01:57:37,300
you know those things can be

1812
01:57:37,300 --> 01:57:43,960
academically justified and that there is a lot of thought that goes into it that can be

1813
01:57:45,240 --> 01:57:47,240
You know reference and uh

1814
01:57:47,800 --> 01:57:49,640
And and peer reviewed

1815
01:57:49,640 --> 01:57:56,520
Uh, so yeah, this manifesto I guess will tend to evolve but it was just a document from a previous sip of grida

1816
01:57:57,000 --> 01:58:01,640
That I think was relevant to that sip. Uh, and was interesting to include as an annex

1817
01:58:01,640 --> 01:58:08,920
It's not part of the main sip just an annex which is just to say, hey, there's already a be a there's already

1818
01:58:09,640 --> 01:58:15,320
Has been a bunch of works made around those uh idea and here's what i've been made so far

1819
01:58:16,040 --> 01:58:18,200
Okay, so down here at the bottom it says

1820
01:58:18,920 --> 01:58:21,800
Sandbox acknowledges the artistic and historical weight

1821
01:58:22,360 --> 01:58:30,120
Our goal is to integrate digital art into mainstream cultures for artists collectors institutions galleries brands

1822
01:58:30,120 --> 01:58:34,220
global audiences this involves creating a culture of free consumption

1823
01:58:34,680 --> 01:58:38,300
And sharing of digital art. What does culture of free consumption mean?

1824
01:58:40,040 --> 01:58:42,360
I didn't write the text. I couldn't tell

1825
01:58:44,040 --> 01:58:46,040
Um sounds a bit odd

1826
01:58:47,080 --> 01:58:52,840
That but uh, I think it's it refers to you you artists you artists in your phrases

1827
01:58:54,040 --> 01:58:58,040
I think I think it does if I were to do a free interpretation of it

1828
01:58:58,040 --> 01:59:00,460
I believe it refers to the notion of gatekeeping

1829
01:59:01,080 --> 01:59:05,160
Which is very much important in the art world where else you sort of limit

1830
01:59:05,720 --> 01:59:11,160
The people if you can be a billionaire if you knock up at the at the big gallery and want to buy the biggest artists

1831
01:59:11,160 --> 01:59:13,880
They have in this gallery. You're not going to be able to do so

1832
01:59:14,520 --> 01:59:21,400
Uh, they are selecting where they're selling to uh, and you often sometimes have to buy another artist before being able to buy this

1833
01:59:21,400 --> 01:59:24,200
Uh main artist so there's a lot of gatekeeping

1834
01:59:24,200 --> 01:59:28,200
Exclusivity process and I think it just referred to the notion of

1835
01:59:28,920 --> 01:59:30,040
you know

1836
01:59:30,040 --> 01:59:34,360
blockchain and the nft market being decentralized, uh

1837
01:59:35,700 --> 01:59:38,040
Disintermediated, uh all of that

1838
01:59:39,000 --> 01:59:40,280
Okay

1839
01:59:40,280 --> 01:59:42,280
I mean it is open

1840
01:59:42,520 --> 01:59:44,520
for public

1841
01:59:44,840 --> 01:59:49,640
Viewing okay, and then to this end we plan to acquire nfts with cultural

1842
01:59:49,640 --> 01:59:55,880
Social historical scientific and aesthetic significance that that's in line with what you've been telling me so far

1843
01:59:56,600 --> 02:00:04,520
And enhanced digital arts popularity through exhibitions and educational initiatives. I didn't hear you talk much about educational initiatives. Did you have any planned?

1844
02:00:06,120 --> 02:00:14,200
Um, so that was mostly the big part of what grida was doing for previous sift. It was a very big incentive on education

1845
02:00:14,200 --> 02:00:19,000
Uh, so bear in mind this document was produced for another sift that was

1846
02:00:19,720 --> 02:00:24,280
Made by grida, but sort related to the dow as well and the collection in a way

1847
02:00:24,840 --> 02:00:30,360
Uh, but yeah, I know a large part of when you're producing a catalog for example, the catalog we're going to produce

1848
02:00:31,080 --> 02:00:33,000
At the end of each quarter

1849
02:00:33,000 --> 02:00:37,240
Uh is an educational tool in a way it will teach I guess people about

1850
02:00:37,960 --> 02:00:40,860
medium of art technique, uh thematic

1851
02:00:40,860 --> 02:00:47,660
Notion and aesthetic so it's a it's it's actually doing it is quite educational in a way as well like

1852
02:00:48,540 --> 02:00:51,900
We're talking about notion of the art world that you might not be very familiar with

1853
02:00:52,620 --> 02:00:57,100
Uh, this is you know, I guess something that would be quite educational in a way

1854
02:00:57,100 --> 02:01:03,500
So even just talking about this topic in providing resources that the sandbox dow members can refer to

1855
02:01:04,060 --> 02:01:06,060
And feel connected with

1856
02:01:06,060 --> 02:01:13,020
Uh will have an educational benefits, uh, and this educational benefit as well is is quite interesting for

1857
02:01:13,820 --> 02:01:21,260
For just uh people that is outside the web tree. Uh, you know, it's uh, one of the the things i'm doing is i've mentioned art

1858
02:01:21,260 --> 02:01:23,600
Hirsch we're doing exhibition across the world on billboards

1859
02:01:24,220 --> 02:01:25,500
um

1860
02:01:25,500 --> 02:01:28,860
Most of that we're doing we're not getting paid for

1861
02:01:29,740 --> 02:01:31,980
the idea of what we're doing that is

1862
02:01:32,620 --> 02:01:33,560
we

1863
02:01:33,560 --> 02:01:35,560
participate to building up

1864
02:01:35,560 --> 02:01:37,560
The visual culture of the next generation

1865
02:01:38,280 --> 02:01:43,880
If you were if you were growing up commuting to school and seeing digital art on daily bases on billboards

1866
02:01:44,280 --> 02:01:46,440
rather than ads for mcdonald's or whatever

1867
02:01:47,080 --> 02:01:55,560
You might have been more sensible to new aesthetic especially aesthetic that are developed on the internet and and by digital artists

1868
02:01:56,440 --> 02:02:00,760
Because it's very specific like glitch art for example is an aesthetic that is

1869
02:02:01,560 --> 02:02:04,360
quite difficult to connect with when you've never been

1870
02:02:04,360 --> 02:02:06,360
Uh exposed to it

1871
02:02:06,680 --> 02:02:09,240
You just refer it as a visual bug

1872
02:02:10,040 --> 02:02:12,760
as trash has to be disregarded whereas

1873
02:02:13,480 --> 02:02:15,560
it can be an aesthetic in a movement that

1874
02:02:16,600 --> 02:02:19,740
Is appealing and could reach your sensibility

1875
02:02:20,920 --> 02:02:25,560
There is connected bias, you know, the more you see something the more you tend to like it

1876
02:02:26,600 --> 02:02:29,960
so education is also about exposure and

1877
02:02:30,600 --> 02:02:32,600
We have to expose as many people

1878
02:02:32,600 --> 02:02:34,600
to that as possible

1879
02:02:35,080 --> 02:02:40,700
Uh, so and I think that could lead to interesting externalities in consequences

1880
02:02:41,400 --> 02:02:48,520
Uh, but yeah, it's it's it's a bit of the bias and connected bias that exists, you know, so the educational part the only thing of

1881
02:02:49,160 --> 02:02:51,160
having people reflecting on

1882
02:02:51,880 --> 02:02:54,040
Having an art collection for the dao

1883
02:02:54,600 --> 02:02:59,720
Uh thinking of thematic that are explored perhaps visiting the exhibition. We're gonna set up

1884
02:02:59,720 --> 02:03:01,960
Reading the catalog we're gonna make

1885
02:03:02,760 --> 02:03:09,320
Might participate to the art education. Uh, and that will be I guess very much profitable for their

1886
02:03:10,040 --> 02:03:13,240
Social capital but also cultural capitals on the long way, you know

1887
02:03:14,120 --> 02:03:19,800
That's something that I always say, you know, it's great to talk about I guess, you know cryptos and metaverse and ft's at the dinner

1888
02:03:20,520 --> 02:03:25,000
Uh, but it's always more exciting to talk about art. I guess in my in my area

1889
02:03:25,960 --> 02:03:27,960
Um and in your world, yeah

1890
02:03:27,960 --> 02:03:29,960
Yeah, well, you know

1891
02:03:30,520 --> 02:03:34,360
I've been with with degen and what people you can talk

1892
02:03:34,920 --> 02:03:39,320
A bunch about you know, this coin's going up and this one goes this one's going down

1893
02:03:40,440 --> 02:03:43,880
Uh, but that doesn't make the most interesting dinner usually

1894
02:03:44,920 --> 02:03:48,200
It doesn't who you have dinner with brian because if you had dinner with me, that'd be great

1895
02:03:48,840 --> 02:03:50,360
I love that

1896
02:03:50,360 --> 02:03:52,520
It depends but you know even in video games

1897
02:03:52,520 --> 02:03:57,880
The retracing we could talk about for tracing in the technique being video games, but then but doom and stuff like that

1898
02:03:57,880 --> 02:04:04,440
But the cultural and the video editor and the the director of the library and the video game and the artistry that goes into it is

1899
02:04:04,440 --> 02:04:07,240
To me the most interesting part of video games for example

1900
02:04:07,960 --> 02:04:12,840
Uh, even technique. I mean technique are interesting procedural generation stuff like that super great, but

1901
02:04:13,800 --> 02:04:18,920
It's it's technique is here to serve a purpose and to serve the aesthetic you need to serve the art

1902
02:04:18,920 --> 02:04:22,840
So I think it's uh, you know, it's it it is to my

1903
02:04:23,480 --> 02:04:25,480
My sense a bit more of an interesting discussion

1904
02:04:25,480 --> 02:04:30,360
But what I mean by that is to be educated you need to be exposed to sort of things and art

1905
02:04:30,440 --> 02:04:36,680
The main problem with art is that it's behind huge gates. It's to see art. We need to go to the museum

1906
02:04:36,680 --> 02:04:38,680
You just go to the gallery

1907
02:04:39,240 --> 02:04:43,000
Usually it's quite an intimidating experiences that most people are not willing to do

1908
02:04:43,400 --> 02:04:46,680
So you need to almost shove it up to the point where you can't do it

1909
02:04:46,680 --> 02:04:51,560
So you need to almost shove it up to their face in a way that you have to make it

1910
02:04:51,560 --> 02:04:57,960
So it's the most accessible way to for them to be accessed to to be exposed to those other things and the more they expose to

1911
02:04:57,960 --> 02:05:02,120
Art, even if they don't get it, even if they're not interested by it at first

1912
02:05:02,760 --> 02:05:04,680
After a while, you know

1913
02:05:04,680 --> 02:05:07,160
Seeds you can sow the seeds that you've planted

1914
02:05:07,560 --> 02:05:14,840
Uh, and so it's all about sowing seeds, uh, and and hopefully, uh, you know, some of them will flourish and bloom

1915
02:05:14,840 --> 02:05:18,440
Uh in many, you know fantastic way, but we never know

1916
02:05:18,920 --> 02:05:22,520
Uh, it just yeah the educational part of it. I think is like we could

1917
02:05:23,320 --> 02:05:24,200
sort of

1918
02:05:24,200 --> 02:05:30,680
Pedal back to it just expose people to it and just have people think about it in a way in any way it's form

1919
02:05:31,160 --> 02:05:38,920
Also, it possible it can be uh panels during exhibition. It can be uh, yeah tickles threads about the artist that

1920
02:05:39,080 --> 02:05:40,600
Dao is collecting

1921
02:05:40,600 --> 02:05:49,080
Uh, there's many ways to produce content and cultural content and educational content is a bit of the same thing to me

1922
02:05:49,720 --> 02:05:52,200
So I think in that regard this will be educational

1923
02:05:53,000 --> 02:05:56,360
But it was the main focus of the original sip

1924
02:05:57,000 --> 02:06:03,400
I've kept it i've kept our text as is because I I will not edit anyone works without the permission

1925
02:06:04,040 --> 02:06:07,000
And I didn't have the time for to rework it

1926
02:06:07,000 --> 02:06:11,400
So I just included it with indianx because I think that's the type of document people would be

1927
02:06:12,280 --> 02:06:16,360
You know confronted to when we do a quarterly, uh catalogue for example

1928
02:06:17,000 --> 02:06:19,580
And there's been you know references like welter benjamin

1929
02:06:21,000 --> 02:06:24,520
Work that i'll show a few people read it like that with my king

1930
02:06:24,600 --> 02:06:30,200
Oh, who's that guy and what did he write about and they might google it they might check it out and they might learn something who knows?

1931
02:06:30,680 --> 02:06:35,400
Uh, so so yeah, that's just was an example of what sort of document we might produce

1932
02:06:35,400 --> 02:06:37,400
That's why I put it in indianx

1933
02:06:37,640 --> 02:06:39,320
Gotcha. Thank you

1934
02:06:39,320 --> 02:06:46,040
Thank you. And also I I was able to access your response when you when you attach to the

1935
02:06:47,320 --> 02:06:50,520
Catalogue under expo english. I wasn't able to access that

1936
02:06:51,320 --> 02:06:52,760
Um, but

1937
02:06:52,760 --> 02:06:54,120
That's okay

1938
02:06:54,120 --> 02:06:55,800
That's where it should be a

1939
02:06:55,800 --> 02:07:01,720
Notably accessible links, but yeah, it said I needed to request access but uh other than that

1940
02:07:01,720 --> 02:07:04,760
Thank you. Uh, let's go to do you have anything for us?

1941
02:07:05,320 --> 02:07:08,760
Is there anything you'd like to go over or talk about before we close?

1942
02:07:10,840 --> 02:07:13,560
Uh, you know, I guess the the biggest

1943
02:07:14,120 --> 02:07:20,280
Worry I have about that sip is not reaching the quorum. Uh, and I think a lot of it has to do with

1944
02:07:20,840 --> 02:07:25,720
Being understood and understand and that people understand what what this is objective. So

1945
02:07:26,280 --> 02:07:30,520
I guess from your experience. I'm just curious. So what do you think is needed to

1946
02:07:30,520 --> 02:07:38,040
Needed to reach that quorum and to be sure that we even if it's for a negative response, but to at least have people

1947
02:07:38,600 --> 02:07:40,360
engage and

1948
02:07:40,360 --> 02:07:42,760
And and willing to participate to the discussion

1949
02:07:43,480 --> 02:07:45,480
That is a part of this

1950
02:07:45,880 --> 02:07:50,040
Which are I guess two people that are very much involved in every sip and feeding back

1951
02:07:50,120 --> 02:07:55,640
So I would very very happy to be able to provide, you know answer to other people question if they are

1952
02:07:56,120 --> 02:07:58,120
willing to ask them

1953
02:07:58,120 --> 02:08:03,880
Yeah, there there are two three things that come to mind immediately one is bulls on the block on saturday

1954
02:08:04,120 --> 02:08:09,800
So that was maybe a few hours ago bulls on the block every saturday. They get together. They're a delegation

1955
02:08:09,880 --> 02:08:13,880
I just interviewed them, uh a few days ago when I also interviewed seb

1956
02:08:14,600 --> 02:08:15,720
and

1957
02:08:15,720 --> 02:08:20,120
They represent at least over 100 000 voting power

1958
02:08:20,600 --> 02:08:23,880
So i'll i'll link them to you every saturday. They're on twitter space

1959
02:08:23,880 --> 02:08:29,240
Also the mochaverse hall also known as united grand halls on monday nights

1960
02:08:29,800 --> 02:08:33,640
Which I think for europe is it might be a little early

1961
02:08:34,440 --> 02:08:37,320
I think let's let's do world time buddy real fast

1962
02:08:39,000 --> 02:08:42,760
Uh, so for uran, uh, cst, right france

1963
02:08:43,960 --> 02:08:46,680
So I think they're doing it at 6 pm now

1964
02:08:48,760 --> 02:08:52,040
Is it 6 pm or 9 pm so for you that would be am

1965
02:08:52,040 --> 02:08:56,920
So that that might be a little tough, but if you could make it at least one time

1966
02:08:57,560 --> 02:08:58,600
when

1967
02:08:58,600 --> 02:09:04,760
When your sip goes for vote, I think that'll help you out big time because mochaverse is has a lot of voting power

1968
02:09:05,480 --> 02:09:06,920
and

1969
02:09:06,920 --> 02:09:09,960
Yep, so i'll i'll link that to you as well. That's that'll be

1970
02:09:10,920 --> 02:09:12,360
On mondays

1971
02:09:12,360 --> 02:09:17,480
And then uh reaching out to mocha cn, which is the chinese community within the mochaverse

1972
02:09:17,480 --> 02:09:25,000
I'll give you their twitter handle. They have a huge they're separate from mochaverse halls on monday. They have a huge voting

1973
02:09:25,480 --> 02:09:27,480
Power within the sandbox

1974
02:09:27,480 --> 02:09:30,520
So it would be very helpful for you to reach them

1975
02:09:31,240 --> 02:09:32,440
and then

1976
02:09:32,440 --> 02:09:36,120
Maybe i'll give you pepe's handle the voxel gem

1977
02:09:36,760 --> 02:09:42,360
He recently put together a list of people he contacted. Maybe he will be willing to share that with you

1978
02:09:42,840 --> 02:09:46,680
Or maybe it might be a little out of date because it was with his sip for magic palette

1979
02:09:46,680 --> 02:09:50,360
But he might might be willing to share that with you to where you can also reach out

1980
02:09:51,080 --> 02:09:53,080
to two different people

1981
02:09:53,240 --> 02:09:55,240
That's the best that we have

1982
02:09:56,200 --> 02:09:59,720
We might be able to link you up with coffee with captain, which is a daily

1983
02:10:00,520 --> 02:10:02,520
A twitter space show

1984
02:10:02,520 --> 02:10:08,120
They sometimes cover sandbox, but not all the time, but they have a very large viewership large audience

1985
02:10:09,240 --> 02:10:11,240
Those are the only things that I can think of right now

1986
02:10:11,240 --> 02:10:18,200
Because the sandbox dao the san fam is not well organized so it's not like you can only go to this place and you'll reach everyone

1987
02:10:18,600 --> 02:10:25,320
It's like you have to hit all these little little 14 000 different things right the sum of its parts that we're talking about

1988
02:10:25,880 --> 02:10:34,200
That is the san fam right now. It's not one size fits all it's not this will reach everything. It's a lot of itty bitty little avenues

1989
02:10:34,760 --> 02:10:40,200
And through that you reach quorum so we're still working on that as a as a new dao

1990
02:10:40,200 --> 02:10:44,600
That's the best advice I can offer you that's one of the reasons why I had you come on this show

1991
02:10:45,160 --> 02:10:49,960
Because I know that when I put this in my podcast for rss for spotify for youtube

1992
02:10:50,200 --> 02:10:57,080
I'm going to be blasted out to all sorts of different places so that they can get it an idea of what it is that you're about

1993
02:10:57,480 --> 02:10:58,440
and

1994
02:10:58,440 --> 02:11:00,440
Uh, that's the best that we can do right now

1995
02:11:02,600 --> 02:11:04,040
Because i've been

1996
02:11:04,040 --> 02:11:06,440
You know, I don't know why i'm not in the deep thought but uh

1997
02:11:06,440 --> 02:11:09,720
I think it's because i've joined it left it and now I cannot join it anymore

1998
02:11:10,360 --> 02:11:16,600
Uh, is it worth I mean it's a lot of the discussion happening on this card even though not really there

1999
02:11:16,600 --> 02:11:23,480
It's another one of those. That's one of the avenues. It would be worth it for you to go on there and to go to the dao discussion

2000
02:11:24,040 --> 02:11:28,200
Forum, uh, you're not a landowner. So you won't have access to the landowner chat

2001
02:11:28,200 --> 02:11:33,720
That's really who you should connect with but I will already post our video in there

2002
02:11:33,720 --> 02:11:40,680
So you you'll have access to that through me, which I will post. Okay, so that that's and and you can always get in touch with

2003
02:11:41,000 --> 02:11:46,520
The sandbox team like pepe and not heavy remy and remy bonpar

2004
02:11:47,960 --> 02:11:51,880
The sebastian will will easily connect you to that sort of people

2005
02:11:52,600 --> 02:11:59,320
That that this core channel is very active. So we talk all the time in there and when I post our

2006
02:12:00,280 --> 02:12:01,400
our

2007
02:12:01,400 --> 02:12:05,400
interview later on either today or tomorrow whenever I can get to it

2008
02:12:06,280 --> 02:12:08,280
Then they'll see that

2009
02:12:08,680 --> 02:12:10,680
But it's it's the constant

2010
02:12:11,640 --> 02:12:13,640
touching it's the constant

2011
02:12:14,520 --> 02:12:15,880
exchanges

2012
02:12:15,880 --> 02:12:18,200
That that will really help you win quorum

2013
02:12:18,680 --> 02:12:26,040
It's it's reaching out to all these different people that pepe might have access to mocha cn the mocha verse halls and

2014
02:12:26,040 --> 02:12:33,400
BOTBs and then through some measure of luck. Ha ha ha enough people see it and they vote in the snapshot

2015
02:12:33,800 --> 02:12:41,000
That's what matters is getting them to see it because once they see it and they understand your nomination and they understand your details and they'll be like, oh

2016
02:12:41,640 --> 02:12:47,320
Okay, then I can decide whether or not I really believe in your your vision and your goal

2017
02:12:47,960 --> 02:12:49,400
so

2018
02:12:49,400 --> 02:12:52,760
It's not a great answer brian. We're still very new

2019
02:12:52,760 --> 02:12:55,400
We're still not even two months old really

2020
02:12:56,040 --> 02:12:58,040
That's the best

2021
02:12:58,040 --> 02:13:00,360
New process for me as well. You know, i've never been

2022
02:13:01,560 --> 02:13:03,560
that much involved with

2023
02:13:03,960 --> 02:13:09,400
Yeah, one of the things I do my job is that I don't have to give you know, I often don't really have to

2024
02:13:09,960 --> 02:13:14,360
Report to anyone and with things like so when you're in your gallery, you're taking your own risk

2025
02:13:14,920 --> 02:13:19,880
You're dealing with things that happens and and yeah, which you know, it's not just

2026
02:13:19,880 --> 02:13:23,400
Me to go through those sips and stuff, but I understand the point of view

2027
02:13:24,040 --> 02:13:26,040
And I understand the reason behind it

2028
02:13:26,680 --> 02:13:34,120
Yeah, it just yeah, i'm always you know, whenever I so is so it's like, uh, it's always frustrating to have your effort goes to

2029
02:13:34,760 --> 02:13:41,480
To waste which I don't I was sort of trying to manage a balance between how much I can dedicate time dedicate time to

2030
02:13:42,120 --> 02:13:47,640
Support the sift as well as my other project. So so yeah, it's a bit of a challenge

2031
02:13:47,640 --> 02:13:50,680
If you're gonna have access to the right people so I can make the most of my time

2032
02:13:51,480 --> 02:13:53,800
That is very much interesting for me. Yeah

2033
02:13:54,360 --> 02:13:58,600
Well, I definitely understand the so for me in my voting

2034
02:13:59,400 --> 02:14:04,120
I wasn't sure i was going to vote for this until you and I spoke and then you explained to me what it is

2035
02:14:04,360 --> 02:14:07,720
and the thing that I think convinced me that that I would vote yes to is

2036
02:14:08,600 --> 02:14:11,080
Even though you can only spend five or so days on it

2037
02:14:12,120 --> 02:14:16,120
Your plan is to refocus on the things that you can do

2038
02:14:16,120 --> 02:14:23,640
Is to refocus a fourteen thousand down to a smaller number that you can manage and then build provenance on

2039
02:14:24,040 --> 02:14:26,760
And what really convinced me is when you said that

2040
02:14:27,400 --> 02:14:30,520
You weren't just going to sell everything you weren't just going to

2041
02:14:31,160 --> 02:14:33,160
sell all the sandbox things

2042
02:14:33,160 --> 02:14:38,040
And you were willing to learn and take feedback from like cyber congs very important to the sandbox

2043
02:14:38,040 --> 02:14:42,360
It's been involved for a long time and and maybe maybe that's not

2044
02:14:42,360 --> 02:14:46,040
Selling all of it or maybe loaning it or whatever your decision is there

2045
02:14:46,840 --> 02:14:52,280
If you are the curator, but the but you're you're going to take a more reasonable approach to it

2046
02:14:52,760 --> 02:14:56,840
And and you're not just looking to sell it all and then restart anew

2047
02:14:56,840 --> 02:15:02,840
It's there's a there's a logic behind it and as we've spoken you've clearly laid out your expertise

2048
02:15:03,240 --> 02:15:05,480
You've been doing this for a while. You understand

2049
02:15:06,040 --> 02:15:08,840
You know the people behind it. You have the right connections

2050
02:15:08,840 --> 02:15:12,200
connections and to me that spells out a

2051
02:15:13,080 --> 02:15:17,160
A reasonable approach to something that I wouldn't have considered a problem

2052
02:15:17,640 --> 02:15:21,240
Ryan but from your point of view you have a much more

2053
02:15:21,880 --> 02:15:26,440
Experience point of view than I in the art world and you see this as an issue that you would like to help solve

2054
02:15:27,640 --> 02:15:28,680
All right

2055
02:15:28,680 --> 02:15:33,720
You have my support Ryan. You have when you when you do it like that. I'm a business person

2056
02:15:33,800 --> 02:15:37,160
So when I hear fourteen thousand things go down to 300 i'm like why?

2057
02:15:37,160 --> 02:15:42,840
Why is that happening? But then you explained why that needs to happen in your opinion why that is?

2058
02:15:43,320 --> 02:15:47,080
Something that it would help the sandbox and not hurt it and that

2059
02:15:48,040 --> 02:15:50,040
I'd have convinced me

2060
02:15:50,920 --> 02:15:57,480
That's nice. Well, i'm sure we try to I don't know if we can update the draft as it is. I might change a few words from

2061
02:15:57,800 --> 02:15:59,800
Back here and there, but you should be able to

2062
02:16:00,280 --> 02:16:05,080
Yeah, you should be able to like reach out to the Geraldine and and Cyril

2063
02:16:05,080 --> 02:16:07,080
And let them and let them know that

2064
02:16:07,400 --> 02:16:09,720
based on what you've what you've

2065
02:16:10,360 --> 02:16:18,040
Recently learned I would like to change it to this because it more clearly communicates and you and you should mention that

2066
02:16:19,480 --> 02:16:21,480
If you agree with me that

2067
02:16:21,720 --> 02:16:22,600
if

2068
02:16:22,600 --> 02:16:28,440
The way it's described right now doesn't really explain what it is you're asking for in the same way that

2069
02:16:28,840 --> 02:16:31,640
When I first read it, I thought you were accepting like

2070
02:16:31,640 --> 02:16:39,160
I thought you were talking about the dow collection and like you are proving the dow collection and I wasn't sure

2071
02:16:40,440 --> 02:16:42,120
But now I get it. Okay

2072
02:16:42,120 --> 02:16:44,120
Yeah, I didn't know I didn't know

2073
02:16:45,160 --> 02:16:48,200
Yeah, okay. Yeah, but right now it makes it looks like

2074
02:16:49,080 --> 02:16:55,400
If you could show a few of your notes so I can just take a yeah, I sure will i'll respond back in that that discourse forum

2075
02:16:55,800 --> 02:17:00,600
And and make it really clear what it is that I recommend. It's just my opinion though

2076
02:17:00,600 --> 02:17:03,640
So because you know your reaction a title is different

2077
02:17:04,760 --> 02:17:11,560
People stop most I know most people just gonna read the title. So right. They're gonna read the title and they're gonna think mandate

2078
02:17:11,560 --> 02:17:13,080
That's a weird word

2079
02:17:13,080 --> 02:17:18,840
Dow collection management. I don't know what that means collection management of what and then they go in they read nfts

2080
02:17:18,840 --> 02:17:23,800
They read artwork. They read 30 000 pounds. They read a 90 day plan

2081
02:17:24,280 --> 02:17:28,200
Something about 14 000 assets and and most of my profile pictures

2082
02:17:28,200 --> 02:17:31,080
But most of us know that board 8 yacht club is worth a lot of money

2083
02:17:31,080 --> 02:17:38,360
So why would you trade that sort of stuff not realizing that 14 000 profile picture doesn't mean 14 000 board 8 yacht clubs

2084
02:17:38,360 --> 02:17:41,560
It means a bunch of little stuff worth less than 0.1

2085
02:17:41,560 --> 02:17:48,360
ETH and how you'd like to consolidate that to build a theme that says something about the sandbox collection

2086
02:17:49,160 --> 02:17:50,920
That makes sense

2087
02:17:50,920 --> 02:17:52,920
That makes sense

2088
02:17:52,920 --> 02:17:53,960
to me

2089
02:17:53,960 --> 02:18:02,680
So anyways, you're right. There was a main worry and a lot of it has to go down to the fact that we didn't have much time to work on that

2090
02:18:03,000 --> 02:18:06,600
Yes, so we all wanted to push it for some reason we wanted to push it

2091
02:18:07,160 --> 02:18:11,960
As soon as possible because it's gonna end anyway the 31 of december

2092
02:18:12,840 --> 02:18:15,320
I don't know why for some reason they wanted to do it

2093
02:18:16,120 --> 02:18:20,840
For I guess accountability issue from 1st january to 31 of december

2094
02:18:20,840 --> 02:18:26,040
So even if I wanted to and say oh, let's do it for a year from now from september to next september

2095
02:18:26,440 --> 02:18:31,000
I was not able to so we wanted to push that as soon as possible so we can have at least

2096
02:18:31,400 --> 02:18:33,400
A full quarter to dedicate to it

2097
02:18:34,040 --> 02:18:39,720
So in that regard we had to push it as soon as possible because there is two week voting process two weeks two weeks down

2098
02:18:39,800 --> 02:18:44,120
And so we're very we're coming up september very fast. Okay, so makes sense

2099
02:18:45,640 --> 02:18:47,640
Well

2100
02:18:47,640 --> 02:18:48,760
Ryan

2101
02:18:48,760 --> 02:18:50,760
Mercè bucu

2102
02:18:51,000 --> 02:18:52,200
That was

2103
02:18:52,200 --> 02:18:57,160
That was really really fun and interesting to talk to you learn about your past

2104
02:18:57,560 --> 02:19:03,560
And grida's role and what your plan is for the the curation of the sandbox's

2105
02:19:05,220 --> 02:19:06,360
14,000

2106
02:19:06,360 --> 02:19:12,360
artwork collection and to something that makes sense for the sandbox and helps us become the cultural

2107
02:19:12,920 --> 02:19:17,560
Capital of the metaverse, which is what's which is what sev has been saying this whole time. So

2108
02:19:17,560 --> 02:19:19,560
So understood

2109
02:19:19,960 --> 02:19:21,000
Thank you

2110
02:19:21,000 --> 02:19:22,200
um

2111
02:19:22,200 --> 02:19:24,600
Yeah, I have a lot of future episodes coming up

2112
02:19:25,400 --> 02:19:30,440
I think the next one i'm going to be a another reveal with pepe from the magic palette

2113
02:19:30,600 --> 02:19:33,320
So we're going to actually use the magic palette to create

2114
02:19:35,000 --> 02:19:41,640
In game maker, so, um, that's cool. Um, that's coming up soon and i'll try and talk with serol

2115
02:19:42,840 --> 02:19:46,280
About the sandbox foundation and how it's run and the dao and all of that

2116
02:19:46,280 --> 02:19:48,280
uh arthmort

2117
02:19:48,600 --> 02:19:50,040
Ryan

2118
02:19:50,040 --> 02:19:52,280
Thank you again, and I really appreciate your time

2119
02:19:53,640 --> 02:19:57,160
Oh, thank you. I'm so thank you for for that and being involved and uh,

2120
02:19:57,880 --> 02:20:01,000
You know, we need uh, we need people as much as involved to you as you are

2121
02:20:02,840 --> 02:20:03,880
I love it

2122
02:20:03,880 --> 02:20:07,560
Successful, so yeah, thank you and uh, thanks for providing me a platform

2123
02:20:08,120 --> 02:20:10,520
Talking about the project and making me up and all that

2124
02:20:11,060 --> 02:20:13,060
Absolutely. Au revoir

2125
02:20:13,060 --> 02:20:17,060
Bye bye