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All right, hello everyone.

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This is podcast number 19.

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Today, today we'll be going over a reaction to an Ask Me Anything between Mia Bao, who's

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from DAO Base AI, to Sebastian Ogier, who is the co-founder and CEO of the Sandbox.

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This happened Friday, August 23, 2024.

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It's very fresh, it just happened.

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And I thought the questions that Mia asked, Mia also is on the advisory board for the

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Sandbox DAO, and she asked really good questions.

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And it was very, very timely to what's going on in the Sandbox DAO forums, as well as some

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sips that I have underway.

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So I wanted to do a reaction to this video, it's about 15 minutes long, and I had immediate

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thoughts.

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It was almost all of us positive.

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I really liked this AMA.

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I thought it confirmed a lot of stuff that needed to be said and things that we can use

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as the DAO and the Sand Fam to be a DAO.

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So without further ado, let's go.

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Scope of the talk today is a reaction.

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It'll also be part opinion, so I'll offer my thoughts as we go along.

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Disclaimer is that I do not represent the Sandbox game or the Sandbox Foundation, which

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is the DAO.

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I am not your legal or financial advisor, and nothing I say is to be taken as legal

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or financial advice.

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My name is Lancer.

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I'm the SandDAL podcast host.

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SandDAL is a podcast all about the Sandbox DAO.

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News, updates, opinions, interviews.

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I lead the MetaWorlds team.

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We have two experiences up on Sandbox and been a part of the Sandbox since mid-season

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one, midway through season one.

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And I love the DAO, its intersection of business, community, and gaming.

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And it's right up my alley in my professional world.

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So I love it.

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Scoreboard nothing's changed.

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Still have two SIPs that are in vote right now, SIP 11 and 12, Sandbox Academy in the

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Philippines with Mark Baggo and the Sandbox Ambassador Program by the Sandbox team itself.

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Mark and I did our interview on his SIP.

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That's SandDAL podcast episode 12.

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So go check that out.

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Really, really good speaking with Mark.

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Loved speaking with Mark and what he's trying to do in building the Sandbox Academy in the

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Philippines.

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Then we have one SIP in the draft and draft on forums.

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That's the NFT Evolution, Crafting and NFT Drops by Crypto Diplo.

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So that one we are scheduled in the next couple weeks between Diplo and I.

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So we're looking forward to that.

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And that brings us to seven SIPs approved, three SIPs not approved, and one SIP withdrawn.

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The SIP 9 and 10 both did not pass because neither of them met quorum.

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So the 30 million that we need for a SIP to be approved or disapproved.

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In which case, it didn't meet that so it was automatically disapproved.

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Checkbook we're still at 1.9 million SAN spent, which is 13% of the 15.5 million SAN budget.

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DAOBase.ai statistics.

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There are 1,808 voters in the Sandbox DAO, 211,000 token holders.

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And just really, really cool stats.

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Go check them out, DAOBase.ai and search for a Sandbox DAO.

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So without further ado, let's get after what we're here for today, which was the AMA between

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Sebastian who runs the Sandbox company and Mia Bao who runs DAOBase.ai.

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She's also on the advisory board.

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She has some Q&A for him and really, really cool.

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So without further ado.

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Here we go.

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I'll be commenting as this goes along.

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All right.

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So let's get the Twitter space started.

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So hi, everyone.

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Thank you so much for joining today's Twitter space with us.

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And this is Mia from DAOBase.ai.

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We are super excited to have our honored guest Sebastian, co-founder and CEO of the Sandbox

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and also the honored council member of the Sandbox DAO.

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So welcome, Sebastian.

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How are you doing?

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And yeah, please say hi to our audience here.

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Thank you, Mia.

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And hello, everyone.

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And I had a Sam Bao podcast with Sebastian.

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Was that not long ago?

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All right.

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Let's get started with today's Twitter space.

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So, Sebastian, can you tell us a little more about the Sandbox DAO?

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Episode eight was my interview with him.

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So you actually got into the office space and then decided to bring the Sandbox game

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into the crypto world.

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Well, so as far as I remember, as a child, I received my first video game console as

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a gift.

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It was a Super Nintendo and I played Super Mario World.

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And at that time, I really got hooked into it.

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And I said, oh, one day I'll love to make my own video game.

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And I figure out like, okay, what kind of studies do you need to do to make your own

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video game without the jobs leading to that industry?

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And I said, oh, I'm going to do a video game.

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And I said, oh, I'm going to do a video game.

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And I said, oh, I'm going to do a video game.

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And I said, oh, I'm going to do a video game.

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And I said, oh, I'm going to do a video game.

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And I figured out like, okay, what kind of studies do you need to do to make your own

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video game without the jobs leading to that industry?

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And I found it was quite actually difficult to require long study, special schools.

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And that's an industry where like the barrier to entry to make video games back then on

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console and PC was very high, both in terms of like a cost of development, skills required

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and so on.

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So yeah, big studios,

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big studios like BioWare, Bungee, they dominated the market.

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And when I saw those devices, and I saw like people started to make games and they were

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again like small team, or even like just one individual person doing the game, I felt like,

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well, that's the right moment, you know, like, let's get into this, into gaming again, and

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let's see what kind of game we can do on those new devices, leveraging the different things

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like the touch screens, the accelerometer and so on.

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And in 2011, we co-founded a first mobile game studio that was implementing like free

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to play and brands and IPs to create like storytelling character driven video game,

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as well as what became sandbox our first big success.

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It co-founded that with Arthur Madrid.

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If you search in Google, you can still find all the original pitches that he did.

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The both of them did together.

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I hope I can get him on the podcast, interview him in the early days as well.

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Because he spoke quite a bit on the white paper and how he wanted the sandbox to be

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run.

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He was there as it was acquired by Animoca.

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So he had quite a cool perspective.

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So they found it in 2011, 2012, and it wasn't until 2017 that they switched over to NFTs.

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They were already passionate about the game, they loved creating, but because we didn't

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provide a form of monetization and only social recognition by featuring their content on

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the gallery, that wasn't sufficient to keep them hooked over a long time.

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And I didn't find a solution to that problem.

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Like sometimes I could make a contract, I could contact a few of them and we worked

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with a hundred, but that became quickly unmanageable to many creators.

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And until 2017, and I found about blockchain and NFTs, like discovering crypto hities and

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seeing as a game that people could actually buy content, virtual cat from each other.

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It's interesting to think crypto can set all this off for him.

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Set him on a path to where we are today in the sandbox.

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For the first time I could make payments to those creators, they could sell that content

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outside of the game and make some revenue.

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And that's how we say, let's apply NFTs to the sandbox.

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Not just making virtual cat, but any content could become an NFT and could allow those

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creators to monetize.

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And it became the version that we know today.

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We started from scratch, we built a platform, a game maker tool that's no code, a 3D editor,

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a marketplace, a map.

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And we've grown it applying all the experience we accumulated working with the brands.

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Today we have over 400 brands.

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We have six million users with a wallet and proud to already count the thousand three

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hundred user generated content games on the map.

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Yeah, amazing story.

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So basically from first to get connected with blockchain back to 2017 and to grow such a

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like a matter of a giant in the space.

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So I'm kind of curious, how do you feel like from the first beginning until now, like the

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same was it one of the largest metaverse project in the space.

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Do you think from the people side and also from the technology side and from the community

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side, is there any changes during this period of time, especially for those kind of three

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circles already?

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I feel like yes, we've seen various cycles.

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I think like when we launched sandbox originally, we were already we kind of miss like the bull

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market of 2015, 16 and 2017, maybe in 2018, 19 were more like a bear market already.

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So we didn't.

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So these opening questions are all about I don't think it was a bad thing because it

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really is history in the build up to where we are today.

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Like we have to first build a product, soft launch it or launch some product and then

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grow a community of users.

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Our target was a creator.

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So we launched a three day tour first and we launched a game maker.

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Then we introduced land for the first time in December 2019.

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Back then they were not even in our own token.

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If you're listening to this on podcast and Spotify, just check the link or watch the

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VOD on YouTube and you can see where the broadcast was held on X Twitter.

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Probably known as Twitter.

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And like the exchanges were actually listing new tokens.

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At that time, Binance didn't do any new token launch for close to a year.

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And when they reopened their launch pad, which was one of the most successful platform they

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had for introducing new tokens, they did it with one key thematic, which was gaming.

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They wanted to show how gaming could drive adoption of cryptocurrencies and FT and send

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and Axie AXS, the Axie Infinity token.

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We were the two gaming tokens that were launched at that time.

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And I'm really excited and happy that we made the choice to wait, to choose the right partner,

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the right moment and the fact that we had the product already ready for the users who

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discover sandbox for the first time to be onboarded, to have something to do, to participate

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in the building the vision together with us.

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And today we are ready like four years later and it's amazing to see like the community

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has grown, the creators have grown all around the world.

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And we continue to update the product, add more capabilities, more feature and launch

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the DAO just three months ago, pursuing the vision of decentralization as well that NFTs

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and blockchain alone.

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So I pause it.

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It's been really since I started December 2021, I think that's when I started.

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It's grown a lot.

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Even as just a gamer when I first played, this has improved big time.

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And now that I'm on the backend of GameMaker, where I've helped put together some experiences,

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it I can tell the difference, especially between point eight and point 10 big changes.

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And it even feels more stable doing it that way now with the with the new additions.

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So I'm pretty, pretty happy with where and the progress that it's been making.

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And you can just see the trajectory just go up and up and up and up and up.

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And to me, when before I started really investing in the sandbox, I was just a gamer, I saw

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this trajectory.

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You could see all the improvements each time the login that you logged in.

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There was more updates, there were events, there were always new partners.

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And so it wasn't until I got into GameMaker where I felt some of the pain of the other

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artists and GameMaker creatives usually talk about like Andy, Richie, Touche, HODL, Vision,

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Joseph, many, many others.

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AU24K speak frequently, OG Shakespeare speak about the some of the difficulties with GameMaker.

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But each each iteration, it is going upwards in a positive trend.

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So that that makes a lot of sense what he's saying right now about how the trend is up.

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It's getting better over time, it's just iterative success or improvements.

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Yeah, I mean, like especially for the project, to have a sustainable and long term plan is

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definitely important.

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And also to wait for a really good moment to launch a token or launch a project is also

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one of the priority within the entrepreneurs.

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Kind of curious, how do you guys to determine which is actually the right moment to no matter

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for launch your project and also launch a token?

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How do you guys to value this kind of process?

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I think like we because I'm very my experience as a serial entrepreneur is like we we focus

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on like what's the what can people do with what you're launching?

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Actually, like it's very important for me to have a.

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This is where you really start to get into the mind.

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And the cool part where I started really perking up what he said there was that it was how

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did he know when to launch the token?

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So he's talking about the San token that launched in 2020, I believe.

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And Joseph will talk about this because he was one of the main people who helped with

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that.

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But and they had launched on Binance.

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When was the right time to launch it?

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Well, Seb just revealed that one of the main things that he looks for is.

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Who's going to use it and what are they going to do with it?

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And so that's a pretty key business insight for if you want to launch your own token,

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but for one of the gates that Seb was looking for in order for Sand to launch, which right

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now I think there's third, there's 30.

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Billion tokens, right?

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Yeah, 30 billion, I think, tokens and full.

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And not in circulation, but in full total supply right now is trading at 29 cents, whereas

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its high was over, I think over.

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It was $4 something like that.

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So in its prime, it was trading quite high.

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But successful token launch by any count.

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And right now it's top 100 tokens on CoinMarketCap.

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Right?

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Go to CoinMarketCap and you search Sand.

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Number 94 of all time is number 94.

235
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And how many are there?

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There are.

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I don't know that.

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I see 9000 right now just in the search bar.

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So there's over 9000.

240
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I didn't even mean to do that right there.

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Over 9000.

242
00:16:30,320 --> 00:16:34,000
So it's the top 100 of all time right now.

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And for gaming, it's top 10.

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So still an impressive showing.

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A product or a form of MVP, first version of the product, and to understand exactly

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who is the target audience for that product.

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And we apply that both to the product, but also to the content.

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When we announce an IP or partnership at Sandbox, we really shorten the amount of time that

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people have to wait until between the announcement and the moment they can do something with

250
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that IP is actually happening.

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And we've been shortening from a couple of months when we were first doing those land

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sales with the brand and then later on introducing an avatar collection or experience to play

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to less than a few days or hours.

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We announced a brand, we already have an avatar collection for people to start pre-restoring

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or buying it straight away.

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And then next week they can launch and play the experience and collect reward.

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And a few months later they can enter a game jam with the brand where they have this unique

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opportunity to co-create their own game with their favorite brand and official NFTs.

259
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And that's exciting because it really highlights that there is always a utility.

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It creates a pattern where if you enter Sandbox and you buy something on Sandbox, you should

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be able to trust that something concrete will happen with that.

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It's very important as well to establish that trust over a long time and keep delivering

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behind.

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This is one of the reasons why I'd say he's a successful chief operating officer, COO.

265
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You hear his language, how he keeps talking about how driving at the product, driving

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at the deliverable, driving at saying you're going to deliver and then delivering on that.

267
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So it builds trust, it builds a pattern of success.

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And for people who want to invest their time, effort, money into this, they can be reasonably

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certain that even if the progress isn't as fast as they would like it to be, it is progress

270
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and they can expect results.

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And we've done as well at Derry when we launched season one, season two, season three, and

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soon season four of Sandbox.

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It's coming quite soon.

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Be excited.

275
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A lot of great stuff there.

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And every time we've updated the game maker, we've opened the publishing, we've opened

277
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the marketplace, everything we planned for has happened so far in the roadmap.

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Amazing.

279
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That's definitely a super amazing journey for you and also for the Sandbox.

280
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So I would say for this year, 2024, one of the biggest milestones or the biggest launch

281
00:19:05,600 --> 00:19:10,840
for the Sandbox, besides the Metaverse site, that is the news that the Sandbox is launching

282
00:19:10,840 --> 00:19:11,840
a DAO.

283
00:19:11,840 --> 00:19:14,760
So we actually launched the DAO back in the...

284
00:19:14,760 --> 00:19:17,960
So here's where she starts talking about the DAO.

285
00:19:17,960 --> 00:19:28,840
And I really enjoyed the Q&A, especially from this point on.

286
00:19:28,840 --> 00:19:29,840
You'll see why.

287
00:19:29,840 --> 00:19:30,840
...later in May, right?

288
00:19:30,840 --> 00:19:33,840
So it has been running successfully for almost three months now.

289
00:19:33,840 --> 00:19:39,480
We know that when we first get started with something new, everybody will be super excited.

290
00:19:39,480 --> 00:19:43,640
And then when things getting growing, some of the questions and also problems will follow

291
00:19:43,640 --> 00:19:44,640
as well.

292
00:19:44,640 --> 00:19:51,040
So how has been the journey for you so far and how do you like responding to the feedbacks,

293
00:19:51,040 --> 00:19:54,360
especially from the DAO community right now?

294
00:19:54,360 --> 00:19:58,440
So we did introduce the first phase of the DAO back in May.

295
00:19:58,440 --> 00:20:02,800
And for us, it was a great moment because we've been waiting almost four years after

296
00:20:02,800 --> 00:20:04,760
the project started.

297
00:20:04,760 --> 00:20:06,760
So what he's referring to there is the white paper.

298
00:20:06,760 --> 00:20:14,560
The white paper references the Sandbox DAO and this was published in 2020.

299
00:20:14,560 --> 00:20:19,200
So he and I talked about this in our podcast interview.

300
00:20:19,200 --> 00:20:25,480
That was podcast episode.

301
00:20:25,480 --> 00:20:26,480
Podcast episode.

302
00:20:26,480 --> 00:20:31,680
It was like a lifetime ago, but it really wasn't that long ago.

303
00:20:31,680 --> 00:20:38,120
Because episode eight, Sebastian and I talk about this, when was the right time?

304
00:20:38,120 --> 00:20:44,680
How did you know it was the right time and why was the gap between 2020 and now?

305
00:20:44,680 --> 00:20:47,840
And he'll say, he'll expand upon that here.

306
00:20:47,840 --> 00:20:59,520
But what he still told me at the time, just this time last month, was that he didn't feel

307
00:20:59,520 --> 00:21:02,320
comfortable with what they had offered.

308
00:21:02,320 --> 00:21:10,440
And he waited for them to be able to offer something that felt equal to what the DAO

309
00:21:10,440 --> 00:21:11,440
was supposed to be.

310
00:21:11,440 --> 00:21:17,080
He wanted to make sure that there was enough experiences, enough partners, enough value

311
00:21:17,080 --> 00:21:24,480
ready to receive the DAO and all of the expectations and stuff that goes along with it.

312
00:21:24,480 --> 00:21:26,200
So that's what he's referring to.

313
00:21:26,200 --> 00:21:31,240
And that's why he waited for four years before wishing to have a DAO implemented like they

314
00:21:31,240 --> 00:21:35,040
did in May.

315
00:21:35,040 --> 00:21:46,120
To introduce decentralization, we took our time to analyze how other DAOs were actually

316
00:21:46,120 --> 00:21:50,600
working, performing, what worked, what didn't work for them, how we could balance the voting

317
00:21:50,600 --> 00:21:52,520
power between the different holder of the token.

318
00:21:52,520 --> 00:21:56,480
Something unique on the sandbox DAO is that, for example, you don't just need the sandbox

319
00:21:56,480 --> 00:22:00,840
token to vote, but also people who own land have actually more voting power with the 4500

320
00:22:00,840 --> 00:22:04,560
voting power versus one for one land.

321
00:22:04,560 --> 00:22:10,720
So one sand equals one voting power, one land equals 4500 voting power.

322
00:22:10,720 --> 00:22:16,400
Unique to sandbox, those lands represent owning a piece of the metaverse and building it together

323
00:22:16,400 --> 00:22:17,520
with us.

324
00:22:17,520 --> 00:22:23,400
We also wanted to introduce progressively the different features and have the transparency

325
00:22:23,400 --> 00:22:27,240
on how the budget is actually being spent, which is the first thing you can see on the

326
00:22:27,240 --> 00:22:28,240
dashboard.

327
00:22:28,240 --> 00:22:33,440
We selected the council member, Yatsu, the chairman of Animoca Brands, Shannon Snow,

328
00:22:33,440 --> 00:22:39,880
the CEO of World of Women, as well as Jean-Michel Payon, executive as ledger, Frédéric Montagnon

329
00:22:39,880 --> 00:22:41,000
and myself.

330
00:22:41,000 --> 00:22:46,060
And then the advisors, which Mia is part of, we wanted people who are very involved already

331
00:22:46,060 --> 00:22:51,160
from the beginning in the space that are familiar with sandbox, all now have been building projects

332
00:22:51,160 --> 00:22:54,320
in sandbox and even better with Mia, which is like an amazing person.

333
00:22:54,320 --> 00:22:55,320
We all love her.

334
00:22:55,320 --> 00:22:59,200
She's been representing the committee of sandbox in greater China for many years.

335
00:22:59,200 --> 00:23:02,800
She's been close to committees and orders in educating the committee.

336
00:23:02,800 --> 00:23:09,560
She and I did our interview just a couple of weeks ago and that was podcast episode

337
00:23:09,560 --> 00:23:10,560
14.

338
00:23:10,560 --> 00:23:16,560
We had a lot of feedback from the commission and the staff of all those, which provide

339
00:23:16,560 --> 00:23:19,560
very valuable feedback for us as well.

340
00:23:19,560 --> 00:23:26,560
So far, we have 12 SIP sandbox improvement proposals that are live.

341
00:23:26,560 --> 00:23:28,560
10 of them have been voted.

342
00:23:28,560 --> 00:23:33,560
I think we were able to get approval and chrome around six or seven already.

343
00:23:33,560 --> 00:23:39,560
There's been some learning as well and already we're iterating very fast by introducing

344
00:23:39,560 --> 00:23:41,560
the SIPs, the sufficient level of participation.

345
00:23:41,560 --> 00:23:43,560
So all the SIPs will be moving forward.

346
00:23:43,560 --> 00:23:49,560
SIPs covered the constitution, the budget, the type of project education charities we

347
00:23:49,560 --> 00:23:50,560
could support.

348
00:23:50,560 --> 00:23:55,560
Right now there is a SIP live about ambassador and academy on sandbox for training creditors

349
00:23:55,560 --> 00:23:56,560
in Philippines.

350
00:23:56,560 --> 00:23:57,560
Which neither have reached quorum yet.

351
00:23:57,560 --> 00:24:02,560
We just to see like the committee is starting to be involved progressively more and more.

352
00:24:02,560 --> 00:24:07,560
And I think we will give ourselves a year until we can really assess the results of

353
00:24:07,560 --> 00:24:11,560
the impact of the DAO and the decentralized governance on the project.

354
00:24:11,560 --> 00:24:16,560
Yeah, we've seen a lot of progress within the DAO community and a lot of proposals coming

355
00:24:16,560 --> 00:24:17,560
out already.

356
00:24:17,560 --> 00:24:22,560
So basically DAO and also this kind of decentralized governance is part of the native crypto space

357
00:24:22,560 --> 00:24:24,560
and also the native Web3 projects.

358
00:24:24,560 --> 00:24:27,560
That's definitely one of the core things within the community.

359
00:24:27,560 --> 00:24:31,560
So how do you guys first get this kind of idea that the sandbox kind of launch at DAO?

360
00:24:31,560 --> 00:24:35,560
Is there any specific rhythm for you guys to have this kind of idea and actually make

361
00:24:35,560 --> 00:24:36,560
it happen?

362
00:24:36,560 --> 00:24:44,560
I think like we our role is we need to encourage people when they want.

363
00:24:44,560 --> 00:24:45,560
Here it is.

364
00:24:45,560 --> 00:24:51,560
Here's where I really, because it's not the first time Seb has said this, but it's it

365
00:24:51,560 --> 00:25:00,560
is a recent reaffirmation, a re-acknowledgement of what he said a while ago.

366
00:25:00,560 --> 00:25:05,560
And I think some of us when he first said what he's about to say again, when we first

367
00:25:05,560 --> 00:25:09,560
say that back in May, so May 28th is when they launched the DAO and it came out of nowhere,

368
00:25:09,560 --> 00:25:13,560
by the way, we didn't none of us had any any inkling this was going to happen.

369
00:25:13,560 --> 00:25:22,560
But in any case, when when this happened, Seb came on to a bunch of AMAs.

370
00:25:22,560 --> 00:25:25,560
So did Cyril, who's the DAO administrator.

371
00:25:25,560 --> 00:25:31,560
And they they were asked questions about what is what's going on?

372
00:25:31,560 --> 00:25:34,560
How is this going to be?

373
00:25:34,560 --> 00:25:41,560
And you'll when you go back to those AMAs, you'll hear a lot of they use the term progressive

374
00:25:41,560 --> 00:25:42,560
decentralization.

375
00:25:42,560 --> 00:25:48,560
And I had first heard that a couple of months ago, a few months ago when they did this AMAs.

376
00:25:48,560 --> 00:25:53,560
But when I did research into Mia and I watched some of her videos, I realized she'd been

377
00:25:53,560 --> 00:25:55,560
saying that word for years.

378
00:25:55,560 --> 00:26:01,560
I think she said it like two years ago and where she did her own videos about the DAO

379
00:26:01,560 --> 00:26:06,560
and the emergence of the DAO is not sandbox DAO, but DAO's as a generality and her YouTube

380
00:26:06,560 --> 00:26:07,560
channel.

381
00:26:07,560 --> 00:26:10,560
So she had been saying this word for a while now.

382
00:26:10,560 --> 00:26:16,560
And I had not known that until I I didn't know who she was until started researching

383
00:26:16,560 --> 00:26:18,560
into the different advisory board members.

384
00:26:18,560 --> 00:26:25,560
So he's going to explain again and reaffirm what his vision is for the DAO.

385
00:26:25,560 --> 00:26:28,560
So this is super, super important.

386
00:26:28,560 --> 00:26:29,560
Listen to this.

387
00:26:29,560 --> 00:26:34,560
We want to do something for sandbox when they have an initiative, a project, whether it's

388
00:26:34,560 --> 00:26:37,560
global or very localized in different regions of the world, like we were talking about

389
00:26:37,560 --> 00:26:42,560
Philippine before, et cetera, to instead of always coming to the sandbox and ultimately

390
00:26:42,560 --> 00:26:47,560
to me in a very vertical structure where some of the team members will ask finally for an

391
00:26:47,560 --> 00:26:50,560
approval, we'll encourage them to know to do that.

392
00:26:50,560 --> 00:26:54,560
It's amazing what you want to do, but ultimately shouldn't be us as sandbox to decide what's

393
00:26:54,560 --> 00:26:55,560
best for the platform.

394
00:26:55,560 --> 00:26:59,560
It should be the community self and you should use their voting power through the sun and

395
00:26:59,560 --> 00:27:04,560
the land to decide if they think like you're suggesting that what you propose is going

396
00:27:04,560 --> 00:27:05,560
to drive an impact.

397
00:27:05,560 --> 00:27:07,560
What kind of impact can you drive?

398
00:27:07,560 --> 00:27:10,560
Can it bring more users, more creators, more awareness?

399
00:27:10,560 --> 00:27:15,560
Can it help the product to become better by deciding on features of the roadmap, supporting

400
00:27:15,560 --> 00:27:19,560
the development of custom tools that make the life of the creator easier?

401
00:27:19,560 --> 00:27:21,560
That was one of the CIP before.

402
00:27:21,560 --> 00:27:26,560
To drive initiative like participating at a conference around the world like DEFCON that's

403
00:27:26,560 --> 00:27:31,560
coming or Token 2049 in a matter of a few weeks, how much reward should be distributed

404
00:27:31,560 --> 00:27:33,560
during the value season and events and so on.

405
00:27:33,560 --> 00:27:38,560
Ultimately, all of those decisions that we are making internally as a sandbox team will

406
00:27:38,560 --> 00:27:43,560
be progressively allocated and handed over to the community to decide.

407
00:27:43,560 --> 00:27:48,560
And I think it's not something for granted.

408
00:27:48,560 --> 00:27:52,560
I'm really new to this idea that I can decide as a player, as a creator, as a member of

409
00:27:52,560 --> 00:27:57,560
the community, how the project is going to evolve and what should be the priority.

410
00:27:57,560 --> 00:28:00,560
We also need to educate more that you have that power.

411
00:28:00,560 --> 00:28:04,560
But that power is only effective if you actually go there to check, to read, to discuss, to

412
00:28:04,560 --> 00:28:10,560
challenge sometimes and to vote to say yes, no, abstain or whatever the CIP, the improvement

413
00:28:10,560 --> 00:28:13,560
proposal will require in terms of feedback.

414
00:28:13,560 --> 00:28:14,560
All right.

415
00:28:14,560 --> 00:28:16,560
Yeah, from the end of the presentation.

416
00:28:16,560 --> 00:28:20,560
Okay, that was it.

417
00:28:20,560 --> 00:28:24,560
Seb just said on repeat.

418
00:28:24,560 --> 00:28:28,560
So he said this back in May in NSC Lisbon with Cyril.

419
00:28:28,560 --> 00:28:31,560
He said that progressive decentralization, right?

420
00:28:31,560 --> 00:28:34,560
So they're started out right now, fairly centralized.

421
00:28:34,560 --> 00:28:40,560
They have a special council that can veto CIPs and the CIPs go through Cyril's DAO team

422
00:28:40,560 --> 00:28:46,560
and the DAO team heavily scrutinize the CIPs to ensure that it's complete.

423
00:28:46,560 --> 00:28:53,560
And as I mentioned in podcast 18, I have five CIPs that are going through his team right

424
00:28:53,560 --> 00:28:54,560
now.

425
00:28:54,560 --> 00:28:56,560
And one of them is to fund this podcast.

426
00:28:56,560 --> 00:29:00,560
And I've had to spend a lot.

427
00:29:00,560 --> 00:29:04,560
We think we're on our fourth or fifth back and forth right now.

428
00:29:04,560 --> 00:29:06,560
It's been over a month since I started this with them.

429
00:29:06,560 --> 00:29:09,560
Just on this CIP, I'll say alone.

430
00:29:09,560 --> 00:29:12,560
It's been a lot of scrutiny.

431
00:29:12,560 --> 00:29:21,560
I've had to really bear it bore down on the cost sheet to the nth degree itemize costs

432
00:29:21,560 --> 00:29:22,560
and that sort of thing.

433
00:29:22,560 --> 00:29:28,560
And then we're currently discussing the metrics of success metrics.

434
00:29:28,560 --> 00:29:33,560
So I submit a CIP and then they say, hey, what we'd like to see this or we recommend

435
00:29:33,560 --> 00:29:34,560
this change.

436
00:29:34,560 --> 00:29:38,560
And then it's been going back and forth like that for a while now.

437
00:29:38,560 --> 00:29:43,560
And some of the other CIP authors are experiencing the same thing.

438
00:29:43,560 --> 00:29:45,560
So right now it's more centralized.

439
00:29:45,560 --> 00:29:47,560
It's going through that funnel.

440
00:29:47,560 --> 00:29:55,560
But what Seb just said is that his goal, his intent is through the process of progressive

441
00:29:55,560 --> 00:30:02,560
decentralization, he is handing responsibility that right now exists within the hands of

442
00:30:02,560 --> 00:30:07,560
the sandbox game company to the DAO.

443
00:30:07,560 --> 00:30:11,560
So he said it shouldn't just be us deciding what's best for the platform.

444
00:30:11,560 --> 00:30:16,560
It should be the community and their voting power to decide if what others are suggesting

445
00:30:16,560 --> 00:30:19,560
is good for driving impact.

446
00:30:19,560 --> 00:30:25,560
And to reinforce what I just summarized, he then said all the decisions that we're making

447
00:30:25,560 --> 00:30:30,560
internally as a sandbox team will be progressively handed over to the community to decide.

448
00:30:30,560 --> 00:30:32,560
And he specifically mentioned development decisions.

449
00:30:32,560 --> 00:30:39,560
He specifically mentioned features on the roadmap and the custom tools and participating

450
00:30:39,560 --> 00:30:42,560
in events around the world.

451
00:30:42,560 --> 00:30:48,560
He intends for that to be decentralized and given to the DAO.

452
00:30:48,560 --> 00:30:50,560
So that's bold.

453
00:30:50,560 --> 00:30:55,560
And he mentioned that similar in my podcast with him.

454
00:30:55,560 --> 00:30:57,560
So he's been consistent about it.

455
00:30:57,560 --> 00:31:05,560
Since May 28th when the DAO launched that progressive decentralization for him means

456
00:31:05,560 --> 00:31:10,560
giving responsibility duties and tasks that currently exist within the sandbox company

457
00:31:10,560 --> 00:31:15,560
over to the DAO, which and I remember saying this during my podcast with him that said

458
00:31:15,560 --> 00:31:17,560
that that's a bold vision.

459
00:31:17,560 --> 00:31:19,560
That is bold.

460
00:31:19,560 --> 00:31:26,560
And Andy Richie on podcast number one disagreed that the DAO should have that power because

461
00:31:26,560 --> 00:31:29,560
he believed the DAO will mess it up.

462
00:31:29,560 --> 00:31:32,560
That was the very first podcast which was a community reaction.

463
00:31:32,560 --> 00:31:38,560
And yeah, wow, that's cool.

464
00:31:38,560 --> 00:31:41,560
And right now we got to be, we got to get ready.

465
00:31:41,560 --> 00:31:45,560
If that's the goal and that's where this is going, we got to get ready for that.

466
00:31:45,560 --> 00:31:50,560
Right now we don't have a governance structure outside of the sandbox DAO admin team.

467
00:31:50,560 --> 00:31:52,560
We're all disorganized.

468
00:31:52,560 --> 00:31:56,560
The sandbox sand fam itself is disorganized.

469
00:31:56,560 --> 00:31:59,560
We don't really have we don't have delegations yet.

470
00:31:59,560 --> 00:32:05,560
But even if we do get delegations, there aren't central places by which we organize ourselves.

471
00:32:05,560 --> 00:32:10,560
So that's one of the reasons why this podcast exists because there wasn't anything like it.

472
00:32:10,560 --> 00:32:12,560
There isn't anything like it right now.

473
00:32:12,560 --> 00:32:17,560
The only way that we can convey thought, not the only way, but one of the ways I want to convey

474
00:32:17,560 --> 00:32:21,560
thought because I don't feel like this conversation is narrative is happening.

475
00:32:21,560 --> 00:32:28,560
And since I started, I've had a lot of conversations and been able to use these sorts of things

476
00:32:28,560 --> 00:32:35,560
that are being said to help further the conversation and contribute to the community.

477
00:32:35,560 --> 00:32:41,560
And when I start really delving into stats and figures and some of these, like the business of catalysts

478
00:32:41,560 --> 00:32:45,560
that I'll bring when I screen share flowcharts and stuff like that,

479
00:32:45,560 --> 00:32:55,560
that's where I'm going to really start contributing in my own way to furthering and helping us get ready

480
00:32:55,560 --> 00:33:04,560
for this responsibility that Seb intends to to progressively decentralize over to the DAO.

481
00:33:04,560 --> 00:33:11,560
That right there made this whole AMA just juicy. It's great.

482
00:33:11,560 --> 00:33:14,560
I love the questions that me are asking.

483
00:33:14,560 --> 00:33:20,560
The answer you just you just did. So there are a lot of initiatives that the sandbox has already started supporting.

484
00:33:20,560 --> 00:33:27,560
So from the console's perspective, what type of proposal does you guys or the sandbox particularly encourage

485
00:33:27,560 --> 00:33:35,560
the users to actually propose proposals? Is there any specific dimensions that you guys will encourage?

486
00:33:35,560 --> 00:33:39,560
There's a few dimensions that we definitely encourage. The way we see the sandbox and Metaverse,

487
00:33:39,560 --> 00:33:46,560
like this is an open platform that supports like culture. So everything that touch around art, around sport.

488
00:33:46,560 --> 00:33:53,560
He says that a lot. Seb does. He wants to be the cultural capital of the Metaverse.

489
00:33:53,560 --> 00:33:59,560
He said that so many times he links culture with gaming.

490
00:33:59,560 --> 00:34:04,560
And I just watched a podcast with Jean-Michel Pauin, who is on the special council.

491
00:34:04,560 --> 00:34:09,560
He also founded Ledger and Grow Capital. And he said something very similar.

492
00:34:09,560 --> 00:34:17,560
However, he made a distinction that art is like photography, paintings, and culture is like profile pictures.

493
00:34:17,560 --> 00:34:26,560
So he considers board eight yacht clubs to be cultural things, cultural significance, as well as gaming is culture.

494
00:34:26,560 --> 00:34:36,560
So where where Seb is saying the cultural capital, I think he's using that he is using that in a broader term.

495
00:34:36,560 --> 00:34:40,560
And yet Sue also talks about culture when he speaks.

496
00:34:40,560 --> 00:34:55,560
Yet Sue is the founder and chairman. CEO, CEO of Animoca Brands, which is one of if not the largest Web3 company in the whole Web3 industry.

497
00:34:55,560 --> 00:35:01,560
I think they have over like 350 companies that they own.

498
00:35:01,560 --> 00:35:07,560
And so they are all all in. And Sandbox is one of those companies Animoca Brands own.

499
00:35:07,560 --> 00:35:14,560
They acquired it in 2018. I think it was 2018. They acquired the Sandbox.

500
00:35:14,560 --> 00:35:19,560
On fashion, around music, around gaming is an encourage in terms of content.

501
00:35:19,560 --> 00:35:34,560
Also, we see ourselves as a platform that drives impact. So if you have projects that want to help charities, NGOs, you want to make like the more people can donate to a certain cause while being engaged on Sandbox.

502
00:35:34,560 --> 00:35:39,560
I think like we've proven with one of the SIPs with the Red Cross that the community wants to do that.

503
00:35:39,560 --> 00:35:44,560
And like a lot of projects in Sandbox have been driven by the impact we can make in the physical world.

504
00:35:44,560 --> 00:35:49,560
We've seen values SIP around as well as education.

505
00:35:49,560 --> 00:36:09,560
The more we can onboard creators in various regions of the world, in India, in the Philippines, in Thailand, the more we can give access to that opportunity to people based in countries which in the Web2 and free to play industry have been for a long time considered as tier 2 countries, tier 3 countries where like the quality of the user doesn't matter because they don't have the same spending power.

506
00:36:09,560 --> 00:36:17,560
All of that is being erased and it doesn't matter the country for us as long as the quality thing there is an opportunity to bring new users will go forward.

507
00:36:17,560 --> 00:36:38,560
We are also really interested to see how the representation, the events, the activities that we are doing to promote Sandbox can be conducted not only by our core team, the marketing team, event team, but also anyone around the world if they want to launch their own meetup, if they want to like be present at the major

508
00:36:38,560 --> 00:36:46,560
conference there in that country in their city, if they want to have a booth and so on, why don't they propose it, explain to the country what they want to do and let's vote.

509
00:36:46,560 --> 00:36:55,560
And I think like we've seen positive voting, like the committee wants to see those kind of opportunities. So this is really what we want to encourage.

510
00:36:55,560 --> 00:37:11,560
We also want to encourage like the participation to vote who would be the next ambassadors, next influencers, the next community manager of the DAO will be someone elected by the community.

511
00:37:11,560 --> 00:37:20,560
I assume he means the next next one, because the one that's being hired right now is being selected by the DAO administration team.

512
00:37:20,560 --> 00:37:35,560
I think Cyril is selecting it. They made a post, they being the Sandbox DAO team made a post about the community manager and they're currently being selected by the Sandbox DAO team.

513
00:37:35,560 --> 00:37:43,560
It was Joseph, I don't think that's there anymore. I think they're trying, they're trying, they're selecting someone else.

514
00:37:43,560 --> 00:37:51,560
But so not this one, they must mean the next one. But that was interesting to me when I heard that.

515
00:37:51,560 --> 00:38:02,560
He said once the and expects that the DAO, the DAO meaning Sandfam, DAO members vote on the community manager.

516
00:38:02,560 --> 00:38:06,560
That's not happening this time around, not that I know of.

517
00:38:06,560 --> 00:38:16,560
It's great to see that anyone who contributes in a way can be can propose himself as well to help and be recognized.

518
00:38:16,560 --> 00:38:22,560
And also right now the SIP for the ambassadors, which I just finished in podcast 18.

519
00:38:22,560 --> 00:38:25,560
So that's not being chosen by the community either.

520
00:38:25,560 --> 00:38:32,560
The SIP itself is to fund the next wave of ambassadors for 400,000 sand.

521
00:38:32,560 --> 00:38:43,560
So it's to approve 400,000 sand for those new ambassadors, those ambassadors being chosen by the Sandbox game company and will answer to the game company, not the DAO.

522
00:38:43,560 --> 00:38:50,560
So this kind of puts into a weird perspective of when is this supposed to happen?

523
00:38:50,560 --> 00:38:53,560
Is this supposed to happen the next time around?

524
00:38:53,560 --> 00:38:59,560
Or was it supposed to happen this time, but a miscommunication happened?

525
00:38:59,560 --> 00:39:06,560
I don't know. I don't know. But Seb clearly wants the community to choose.

526
00:39:06,560 --> 00:39:17,560
The community being Sandfam, not the centralized entities that are around the DAO, the DAO administration team or the Sandbox game company.

527
00:39:17,560 --> 00:39:25,560
That speaks to the previous question where he really wants to hand those responsibilities to the DAO itself.

528
00:39:25,560 --> 00:39:35,560
But maybe he's referring to the next wave because the DAO being so new and Sandfam having trouble making quorum.

529
00:39:35,560 --> 00:39:43,560
Maybe he doesn't feel that we're ready yet or maybe it's just timing that it happened the way it did.

530
00:39:43,560 --> 00:39:50,560
In other case, I give him the full benefit of the DAO and I look forward to improving, seeing this improved.

531
00:39:50,560 --> 00:40:01,560
Connized by the community itself for their merits. Amazing. So it's basically kind of like everybody within the community can be ambassador and advocate of the Sandboxes that way.

532
00:40:01,560 --> 00:40:13,560
I want to see this one. Yes, but not right now. I mean, everyone can go to the link and apply, but it seems they have no intention of accepting everyone.

533
00:40:13,560 --> 00:40:26,560
And will down select to a very specific. I mean, even when I asked them, them being the Sandbox SIP authors for the Sandbox Ambassador proposal, they're from the Sandbox game company.

534
00:40:26,560 --> 00:40:35,560
The ones who authored that I asked them, what would it take, you know, to be I think I asked them what were the expectations on a content creator?

535
00:40:35,560 --> 00:40:47,560
And then they said that the implied that the bar is pretty high. They have to have a set number of followers and then blah, blah, blah. Definitely not chosen by the community at that point.

536
00:40:47,560 --> 00:40:54,560
So maybe that's just because this round or this this wave of ambassadors is being chosen by the company.

537
00:40:54,560 --> 00:41:05,560
But even so, it seems like what Seb is saying and what is happening beneath him is not the same thing.

538
00:41:05,560 --> 00:41:14,560
It's I don't know. I don't know what's going on there. But what's happening and what Seb is saying doesn't exactly line up right now.

539
00:41:14,560 --> 00:41:26,560
And maybe it's just because everything's so new and we're trying to figure it out together. It would be super powerful if we actually like activated everybody was in the community.

540
00:41:26,560 --> 00:41:35,560
So there's a question that's because like the quality is portions of the direction directly and also the community is doing some similar stuff, probably at the same time.

541
00:41:35,560 --> 00:41:44,560
So how do you balance the work between the court team and also the community? And also I've noticed there's some of the proposals that are coming from part of the court team. Right.

542
00:41:44,560 --> 00:41:55,560
So does all of these kind of like operational activities actually portion to the doubt and get approved and some of the larger they are not getting the budget from the cartoon directly.

543
00:41:55,560 --> 00:42:06,560
I don't I don't know what words he's using there. I couldn't figure it out. I think she's saying court team court team the work between the court team and the community. I'm not sure what that word is.

544
00:42:06,560 --> 00:42:16,560
But but but Seb's answer to this is super, super interesting. I love I love this answer.

545
00:42:16,560 --> 00:42:27,560
I love how this thing kind of get balanced eventually. Well, I believe like just thinking I always believe like in the greater good like that.

546
00:42:27,560 --> 00:42:37,560
If you your mission, if you're committed to like drive positive impact, if you're committed to show that creator can actually make a revenue on the platform and share those stories.

547
00:42:37,560 --> 00:42:54,560
If we've been able to do the journey of sandbox for many years to drive like new job new for people to earn, etc. Like good things spread out and they spread out, not just because they get very viral, but because like you want to recommend something that has done a good impact on yourself to other people.

548
00:42:54,560 --> 00:43:19,560
So I believe, again, in that notion of greater good and like if we show like we've done until now the cap direction in a centralized manner and progressively we've been educating our community to about that and we hand over that forward that committee, hopefully, like, just like a child that you've been educating as a parent, they would have a quite certain value, they would have a quite certain concept, and hopefully they will also carry those by themselves because of that education.

549
00:43:19,560 --> 00:43:41,560
Like, we are not here to speculate on the back of all the people to scam others that are we are here to actually make fun games to express our creativity to express our culture to bring unique and original content you don't find on the platform to help people to drive in various cause around environment, climate change, poverty, hunger, etc.

550
00:43:41,560 --> 00:43:46,560
And I love to see the community, respect those and we'll carry on for.

551
00:43:46,560 --> 00:43:47,560
Amazing.

552
00:43:47,560 --> 00:43:50,560
So, cool.

553
00:43:50,560 --> 00:43:53,560
Very, very cool answer.

554
00:43:53,560 --> 00:43:59,560
Whether or not you agree.

555
00:43:59,560 --> 00:44:03,560
Or I agree and I do I do mostly agree with that.

556
00:44:03,560 --> 00:44:23,560
I think that's really cool perspective. That's exactly one of the reasons why I invested in the sandbox and I commit to it the way I am is because it's very clear that said believes what he's saying, and that he's acting on those beliefs, and that I trust that he will continue to act on those beliefs.

557
00:44:23,560 --> 00:44:30,560
And if he does follow through it to the very, very, very end.

558
00:44:30,560 --> 00:44:40,560
Then, I don't see anything but positive positivity happening for the sandbox to see its trend continue.

559
00:44:40,560 --> 00:44:42,560
Continue to go in that direction.

560
00:44:42,560 --> 00:45:05,560
And what he said though about the parent and child thing is exactly what I. That's exactly what he was saying very similar things. At the beginning, when he was at NFC Lisbon and all the am a that he did and the Twitter spaces thereafter was that that was like the implied intent around and progressive decentralization

561
00:45:05,560 --> 00:45:14,560
didn't quite say it like that until now that they're what they're trying to do is in through the progressive decentralization is show us the way.

562
00:45:14,560 --> 00:45:27,560
And then hope that we continue following that way. So that's why I think they're being the way they are about the sips and really really scrutinize it to the nth degree, because they want the sips.

563
00:45:27,560 --> 00:45:41,560
And the way the steps are written to be to come out as really specific and measurable like smart goals, specific measurable.

564
00:45:41,560 --> 00:45:59,560
Shoot, realistic and timely. What's the a, a was my gosh, how did I forget the a specific measurable achievable achievable relevant and timely.

565
00:45:59,560 --> 00:46:12,560
So I think they're they're doing it that way, because they want everyone else to read those steps and be like wow those steps are really specific and I my steps should be like that too.

566
00:46:12,560 --> 00:46:27,560
But that's not what's happening right now, it seems like the community steps have to be that way, but not the CSP steps we just did in podcast 18, a review of sip number 11, which was the sandbox ambassador when the one they're talking about just a few minutes ago.

567
00:46:27,560 --> 00:46:29,560
And it was very generic.

568
00:46:29,560 --> 00:46:38,560
Very, very generic. The, the price that the resources asked was it's just flat 400,000 sand.

569
00:46:38,560 --> 00:46:58,560
And I just finished a couple days ago, breaking down my cost estimate for the sand out podcast tip for the third time. I had to break it down even further to the exact or not the exact but the the amount that I intend on paying individual people on the team.

570
00:46:58,560 --> 00:47:12,560
So instead of rolling it up to labor. I now have to, I have to break it down to to sound engineer to video editor to researcher, all the people that I proposed to be on the team and the sip.

571
00:47:12,560 --> 00:47:17,560
That's not what happened for a lot of these steps so far.

572
00:47:17,560 --> 00:47:34,560
And so, yeah, maybe it's just a matter of they're they're trying to implement that as time goes on. And and so, the first ones got through because they got through and they weren't applied the same scrutiny that that's happening right now to mine.

573
00:47:34,560 --> 00:47:52,560
And that just might be because they're trying to do better over time. And that's the best they could do in the very beginning. So, if that's the truth is that's what it is and okay, that makes sense. But definitely not the same standard.

574
00:47:52,560 --> 00:48:09,560
During this kind of period of the proposal voting we also find some of the challenges, especially for a doctor started on so one of the challenges like common challenge not only for the samples down but also for some other like, like, newly started does the property that

575
00:48:09,560 --> 00:48:26,560
the first when the proposal get like proposed. Sometimes the voting power is a little bit low and the participation is also a ratio is a little bit low. So, as for those kind of challenges, how does the doubt and also how that the council members decided to tackle this kind of

576
00:48:26,560 --> 00:48:39,560
challenges. Is there any like updates from that side I can share with everybody. Absolutely. Well, it's exactly the kind of learning and takeaway after like running the dog for three months, whether there is a certain fatigue where there's certain people like you don't feel

577
00:48:39,560 --> 00:48:53,560
concerned by the voting of certain decision, whether like, we need to spend to give more time for people to learn to be informed across different channel and vote, or we should reward people who are voting so we create like a positive behavior and

578
00:48:53,560 --> 00:49:12,560
I think like those are great feedback to see that certain SAP didn't pass by, not just because people didn't want to but by lack of minimum number of participating 30 million quorum, which is also very important to pass to fail because they didn't even get

579
00:49:12,560 --> 00:49:26,560
about 16 million core voting power. Even that they are not necessarily fair or positive for the community. And to prevent that what we're going to do is we continue to continue to do more education, talk more about every step.

580
00:49:26,560 --> 00:49:35,560
Like we're doing right now, we can go in details, maybe time them better, but the middle of the summer is actually August is probably, I don't think timing is the issue.

581
00:49:35,560 --> 00:49:43,560
August is not a great period of time. It's not reaching the voters you need.

582
00:49:43,560 --> 00:49:56,560
And we're going to introduce delegation, which is a mechanism where you can actually give your voting power to someone else that will represent you and hopefully share the same value and vision so they could vote on your behalf.

583
00:49:56,560 --> 00:50:10,560
And those delegators will become a little bit like super electors in the US where like they will gather more voting power, and probably because of that, it's a responsibility for them, they will be very more, more active following and discussing the SAP, because

584
00:50:10,560 --> 00:50:23,560
like if not people will not give them the voting power, and almost like in the political system. So it's quite interesting to see that some of the core principle of democracy are happening as well in the main members.

585
00:50:23,560 --> 00:50:34,560
And in my mind, democracy is a very young political system versus orders that we lead through the human history and civilizations. It's interesting to see it apply in gaming and metaverse as well.

586
00:50:34,560 --> 00:50:39,560
Yeah, that's super cool. I'm kind of curious, so after the delegation function is out.

587
00:50:39,560 --> 00:50:55,560
So, I mean like for the delegation function, within all of this kind of material or sophisticated DAO, the delegation ratio is actually pretty high. For example, A.DAO, they have over 70% of the delegation ratio for wasting the voting period.

588
00:50:55,560 --> 00:51:00,560
And also for some of the defied DAO's like Uniswap maker, they also have a very high delegation ratio.

589
00:51:00,560 --> 00:51:13,560
So this is very cool. So this is Mia is from, she founded the DAObase.ai, they use analytics, statistics, and aggregation to pull together statistics.

590
00:51:13,560 --> 00:51:22,560
So what she's saying is, in their research, they found that APECOINDAO, their wallets are over 70% delegated.

591
00:51:22,560 --> 00:51:35,560
The wording, I think, because of the language vocabulary there, I think that's translating to over 70% of the wallets, APECOINDAO, are delegated.

592
00:51:35,560 --> 00:51:41,560
That is...wow.

593
00:51:41,560 --> 00:51:50,560
And that Uniswap also has a very high delegation ratio, meaning that a lot of its wallets are delegated as well.

594
00:51:50,560 --> 00:51:55,560
That's fascinating. I wonder if Sandbox would do the same thing.

595
00:51:55,560 --> 00:51:57,560
I guess we'll find out.

596
00:51:57,560 --> 00:52:04,560
In the community, it's a little bit lazy in terms of decision making. So I think that definitely makes sense if we introduce this kind of delegation feature.

597
00:52:04,560 --> 00:52:11,560
So when can we actually expect this kind of delegation feature to be live and everybody can participate eventually?

598
00:52:11,560 --> 00:52:25,560
Well, you see that's exactly the value of having information, data, that proves that it's effective. Thanks to DAObase and what you just said, we now have even more confirmation that this will hopefully drive impact and see the right priority to apply.

599
00:52:25,560 --> 00:52:36,560
We're defining exactly how we will work, how much votes on delegator minimum person is to acquire to become themselves a superdelegator.

600
00:52:36,560 --> 00:52:46,560
And we hope that within a month or two, the technical implementation will be ready. So before the end of the year, we're back on track, actively proposing, actively voting.

601
00:52:46,560 --> 00:52:51,560
And I think it's a great step for the better benefit of the community.

602
00:52:51,560 --> 00:53:02,560
He says, OK, got it. Yeah, that's how looking forward to this feature implemented to the Sandbox.website. So excited. I believe that a lot of especially wise minds will take over this kind of control.

603
00:53:02,560 --> 00:53:10,560
But there's also one thing, every thing has two sides, right? So as for the delegation feature, so some of the people actually raising up this kind of question.

604
00:53:10,560 --> 00:53:17,560
So, for example, it went down, there are some of the delegators over there, they are taking a lot of voting power.

605
00:53:17,560 --> 00:53:23,560
The community is kind of questioning, OK, is another different, another way of centralization.

606
00:53:23,560 --> 00:53:27,560
So because like all of the voting power, voice power actually controlled by a small group of people.

607
00:53:27,560 --> 00:53:36,560
So how do you guys responding to this kind of like questions within the community? And probably we'll raise a question like later on.

608
00:53:36,560 --> 00:53:46,560
Well, we're going to see how effectively it unfolds. I think, again, like we, it's always, there's always an experimental part to that.

609
00:53:46,560 --> 00:53:53,560
I cannot predict how it always we wish for the best. We try to think of all the different bad scenarios that could happen and prevent them.

610
00:53:53,560 --> 00:54:03,560
I hope that it will give it will rise interest as well for new community leaders to emerge because they will feel like, oh, now, like, because I own a lot of land or I'm part of this neighborhood.

611
00:54:03,560 --> 00:54:09,560
I want to be like the mayor of that neighborhood and represent the voting powers, for example, all the landowners in my neighborhood, something like that.

612
00:54:09,560 --> 00:54:20,560
That can be a very likely scenario if we were to compare what's the virtual world like versus what the physical world and like metropolis and small different urban hubs are.

613
00:54:20,560 --> 00:54:34,560
I also feel like people who concentrate already a lot of some token will start to feel like and they they can wait as much without necessarily having all the financial that they can control.

614
00:54:34,560 --> 00:54:40,560
They will probably not as much voting power as people that hold a lot of sound, but maybe have not been as active in the project.

615
00:54:40,560 --> 00:54:57,560
So it's also a way to create a new equilibrium that's for people who are very involved in the actual building of sandbox, its development, what's happening with the community, with the different activation we are doing, builder challenge,

616
00:54:57,560 --> 00:55:17,560
the boot camp, builder launch pad, seasons, and so on. All right, super cool. So as for the Dell side and also for the project side, what do you think, well, like, what will be the next several milestones for the Dell and also what can we expect for the next several months, especially like till next year?

617
00:55:17,560 --> 00:55:32,560
So, as you know, there's always a lot of things ongoing at sandbox, our priority is to keep improving the user. So in the previous question she asked, isn't delegation just another centralization of voting power?

618
00:55:32,560 --> 00:55:41,560
Seb said that they try to think of all the negative things, the bad things that can happen and then prevent them, but they're not going to be able to prevent everything.

619
00:55:41,560 --> 00:55:49,560
And he referred to delegation as one of those things that it might be a necessary evil.

620
00:55:49,560 --> 00:56:03,560
And then he said something, he started talking about how this delegation is an opportunity to give rise to new community leaders who look to do what they can when they can.

621
00:56:03,560 --> 00:56:27,560
And then maybe that will give rise to other people. And the analogy he gave was to become the mayor of a community. So sandbox still has neighborhoods. So he mentioned either here or in the future, not long from now, he mentions how neighborhoods may play a part where the mayor of a neighborhood gets elected or stays some Dell, sometimes elects, self-elects, a metro police.

622
00:56:27,560 --> 00:56:39,560
So like a law enforcement or a Dow enforcement type thing. So he's he's he's theory crafting here that perhaps the community will come up with a solution that they don't even think of yet.

623
00:56:39,560 --> 00:56:57,560
But in order to counter the good point that Mia raised that delegation may just be another centralization of power and it might be a necessary evil. But how do you account for the evil that it does create?

624
00:56:57,560 --> 00:57:14,560
And Seb says, well, I'm hoping that new thought leaders emerge to solve that issue. Pretty cool. Pretty cool. He, as far as I'm concerned, he is he's putting his money where his mouth is.

625
00:57:14,560 --> 00:57:21,560
He has he has articulated that he wants the community to decide and then he he does it.

626
00:57:21,560 --> 00:57:33,560
So I think that's cool. It's very cool. Experience for the players and the creators. So we ship new version of the game maker that keeps adding exciting opportunities and possibilities for creators.

627
00:57:33,560 --> 00:57:43,560
We're introduced new gameplay mechanics soon that allows people to play multiplayer to have more actions and gameplay capabilities with the avatars.

628
00:57:43,560 --> 00:57:51,560
The season four is a major milestone for this year that's coming, and we'll offer a lot of content to explore and we want to stay tuned about that one.

629
00:57:51,560 --> 00:58:05,560
And just recently, like, actually this week yesterday we announced, I just come back from Gamescom in Germany, leading video game conference, and we announced the launch of a new program called the Voxel games program, which essentially

630
00:58:05,560 --> 00:58:20,560
extends what the sandbox is right now. You know sandbox as like this platform where there is a no code game maker, you can make games and experience without any programming, and you need, and you can only play the experience that are on the lens made with that no code game maker.

631
00:58:20,560 --> 00:58:34,560
But it's a very powerful tool that's on board with a lot of people first time creators make content creation accessible. At the same time, it was not necessarily fitted for the existing video game industry, the indie developer, the game studios that are making those mobile or console or PC hits.

632
00:58:34,560 --> 00:58:46,560
So the Voxel games program, we started to partner with third party studio who are making games with Unreal, with Unity, on HTML file and publish them, those games on the App Store, Google Play Store, Epic Stores, Steam and so on.

633
00:58:46,560 --> 00:59:03,560
They can be free to play with micro transaction with ads. And those games, the only requirement they have is like they will have the Voxel style, the Voxel graphic that are specific to sandbox, but they can have their own monetization, they can have their own gameplay made with those engines, and they will be able to

634
00:59:03,560 --> 00:59:17,560
connect to the sandbox. And they will be offering the possibility to connect to the six million sandbox accounts. And if you connect your sandbox account and you can see your, your data, your avatar, your land, and you can use them in the gameplay.

635
00:59:17,560 --> 00:59:31,560
But so that means like you will have traditional games, popular gameplay that attract regular audiences as an onboarding way to our web free. And it's true to the vision of what metaverse is like as a player I can use my digital asset and identity across

636
00:59:31,560 --> 00:59:47,560
the platforms, like we've been saying before. We announced partnership with two game studios already, the Frag Games and the Devils Agency, they will be building dungeon game, vampire survival game, and we're already talking with a lot of other studios so progressively you're going to see

637
00:59:47,560 --> 00:59:54,560
proven gameplay from mobile, from PC, where you can start enjoying sandbox, the younger game maker platform.

638
00:59:54,560 --> 01:00:13,560
Amazing. So I tried searching for this on blockchain Alliance, couldn't find any any YouTube videos or something where he spoke to this so I don't know exactly what he's referring to this is the first time I've heard of a Voxel games program, but I think so what I wrote down was that

639
01:00:13,560 --> 01:00:32,560
it acts as a separate thing that on boards web two games to web three by allowing them access to their own game engine like unity, or unreal engine, plus monetization, and that it gives them access to the $6 million sandbox gaming accounts, that gives them access to the

640
01:00:32,560 --> 01:00:52,560
sandbox player base and and still allows them to somehow use Unreal Engine and unity. So their own game, game engines, and then their own monetization. Not exactly sure what that means or what that looks like.

641
01:00:52,560 --> 01:01:09,560
I can't I can't tell, does that mean my lands are going to be useless for that I'm not sure. But fascinating. Fascinating thing so trying to look for a YouTube video or something I can find that helps explain that.

642
01:01:09,560 --> 01:01:13,560
Looking forward to everything that you just described.

643
01:01:13,560 --> 01:01:28,560
Um, so thank you so much for all of these kind of description about the symbols down and also the project. I think yeah we are in the like last period of time for the last three so kind of curious, how do you think these, the samples like eventually stand out as one of the biggest

644
01:01:28,560 --> 01:01:43,560
project at the end, and what's actually you think is the most like, like important qualities, no matter for the entrepreneurs and also for the project itself to stand out.

645
01:01:43,560 --> 01:02:00,560
So, the, the voxel graphic and aesthetic has become very recognizable, not just in web free but in general in the gaming industry and by many brands. Second is like we're known for lands, virtual land we've become the largest decentralized virtual world with this map 166 164 lands part of different neighborhoods

646
01:02:00,560 --> 01:02:13,560
and top brands from part of the world of automatic to bring together some token has become one of the top 10 gaming tokens and the top 100 cryptocurrencies according to coin market cap by market capitalization.

647
01:02:13,560 --> 01:02:27,560
And there's no other place, where free or not where like you can have all that mashup of brand and IPs and content that you can play just like you can see right behind me or different characters that come together, that can become your identity, and we are accessible

648
01:02:27,560 --> 01:02:40,560
to everybody, and we are attracting the complexity of blockchain, meaning like when you enter sandbox you can claim an FD you can receive reward you can meet your own content, without a single line of code you never brought a smart contract you just connected and even

649
01:02:40,560 --> 01:02:44,560
creating your wallet has been super simplified.

650
01:02:44,560 --> 01:03:01,560
We've been over the years, launching season launching events launching game jams and values program that well there's a lot of things to do and to explore on sandbox now with over 1300 games and experience made by the creators, and we want to keep

651
01:03:01,560 --> 01:03:15,560
that being consistent, being focused, year after year improving the user experience and the creation process, opening ourselves to more possibilities, we just announced with the voxel games program.

652
01:03:15,560 --> 01:03:35,560
So we can create new environments in the space and attract both like new creators and top creators already in the industry.

653
01:03:35,560 --> 01:03:49,560
I think it's a bit too early to say in three months because we only see 12 proposal, or it doesn't take in my opinion, we haven't yet seen the full potential of what DAO means like, I can't wait to see like the delegation and new community leaders emerge

654
01:03:49,560 --> 01:04:00,560
represent talk, do the job to explain, maybe even better than myself what sandbox is and what can sandbox do and how to make sandbox even better. That's kind of my dream of what the DAO could achieve one day.

655
01:04:00,560 --> 01:04:15,560
The idea that they could also influence the roadmap of development and to say, like, this is that feature we absolutely want, and like we need to develop it, or even one day to develop new creation tools out of the box.

656
01:04:15,560 --> 01:04:21,560
That's also a possibility that the community can vote upon.

657
01:04:21,560 --> 01:04:34,560
And I hope that by next year as well because with the constitution that was voted and the council member I elected for one year will be a new election so people will actually present themselves voted by the community.

658
01:04:34,560 --> 01:04:49,560
And we're going to start also like the impact of different, I would say management of the DAO, just like we've seen with Epcot and a few other and like how that impacts the different dynamics, the market of sandbox, the content we're going to see and so on.

659
01:04:49,560 --> 01:04:51,560
All right, so I want to see the.

660
01:04:51,560 --> 01:04:55,560
So I didn't, I didn't pause him.

661
01:04:55,560 --> 01:05:11,560
I wanted him to go through his whole thing there. This is, this is what really convinced me to do this, this podcast episode is that answer right there. And what impresses me impresses is too, too grand grand of a word.

662
01:05:11,560 --> 01:05:14,560
It's

663
01:05:14,560 --> 01:05:16,560
yet again.

664
01:05:16,560 --> 01:05:22,560
I see evidence that

665
01:05:22,560 --> 01:05:32,560
Seb is clearly lining up the DAO to be the successor for what he's built.

666
01:05:32,560 --> 01:05:40,560
He keeps, like when he said that this is, you know, I'm going to go, I'm going to go back a little bit.

667
01:05:40,560 --> 01:05:45,560
Let's go through this again.

668
01:05:45,560 --> 01:05:49,560
The idea that

669
01:05:49,560 --> 01:05:52,560
I think.

670
01:05:52,560 --> 01:05:56,560
I think it's a bit too early to say in three months, we only see 12.

671
01:05:56,560 --> 01:05:59,560
Okay.

672
01:05:59,560 --> 01:06:00,560
Three months.

673
01:06:00,560 --> 01:06:03,560
So May 28 is when the DAO was announced.

674
01:06:03,560 --> 01:06:11,560
He thinks it's too early within three, first three months to say whether or not that his question was,

675
01:06:11,560 --> 01:06:16,560
do you think the vision of the DAO should change for the mission? He says too early to tell.

676
01:06:16,560 --> 01:06:17,560
Okay.

677
01:06:17,560 --> 01:06:18,560
Proposal.

678
01:06:18,560 --> 01:06:23,560
It doesn't take, in my opinion, we haven't yet seen the full potential of what DAO means.

679
01:06:23,560 --> 01:06:24,560
Okay.

680
01:06:24,560 --> 01:06:27,560
We haven't yet seen the full potential of what DAO means.

681
01:06:27,560 --> 01:06:35,560
They, they're referring not just to Sandbox DAO. He's referring also to Apecoin DAO.

682
01:06:35,560 --> 01:06:40,560
Sady DAO, Maker DAO, Uniswap DAO.

683
01:06:40,560 --> 01:06:45,560
DAO is still a super early concept within like the past few years.

684
01:06:45,560 --> 01:06:47,560
And it started first with Ethereum.

685
01:06:47,560 --> 01:06:51,560
So I didn't know what DAO was before May 28.

686
01:06:51,560 --> 01:06:53,560
I had no idea.

687
01:06:53,560 --> 01:06:56,560
Me, like many others, the DAO was suddenly announced.

688
01:06:56,560 --> 01:06:59,560
And I'm like, the first most of us were like, what the heck is a DAO?

689
01:06:59,560 --> 01:07:01,560
So I start going on a YouTube's free.

690
01:07:01,560 --> 01:07:06,560
I start going on Twitter spaces like a Mocha verse hall and holes on the block.

691
01:07:06,560 --> 01:07:15,560
I just start connecting and figure out the DAO is actually just a bunch of people trying to figure out how to work together to build a community.

692
01:07:15,560 --> 01:07:17,560
And that they're just as confused about it as we are.

693
01:07:17,560 --> 01:07:19,560
And we're all just trying to figure it out.

694
01:07:19,560 --> 01:07:24,560
Even the ones that have been around since the beginning, which was like three years ago, not even.

695
01:07:24,560 --> 01:07:26,560
But the very first DAO was Ethereum DAO.

696
01:07:26,560 --> 01:07:28,560
And it failed.

697
01:07:28,560 --> 01:07:31,560
It got hacked and it had to get forked over.

698
01:07:31,560 --> 01:07:46,560
It had to do a fork in order to survive, so it had to fork because there was a bad actor who, I think, took over the Ethereum DAO and had full control over it.

699
01:07:46,560 --> 01:07:56,560
So the community decided to fork and remove that power and plug in, plug up or shore up the hack exploit so that it couldn't happen again.

700
01:07:56,560 --> 01:07:58,560
But that was the start of it all.

701
01:07:58,560 --> 01:07:59,560
Ethereum.

702
01:07:59,560 --> 01:08:01,560
And the start of it was a failure.

703
01:08:01,560 --> 01:08:04,560
Very, very high profile failure.

704
01:08:04,560 --> 01:08:11,560
And so if you Google or YouTube it, you'll find it is one of the first videos that I found, which is what is a DAO?

705
01:08:11,560 --> 01:08:15,560
And so what he's saying is we don't yet know.

706
01:08:15,560 --> 01:08:19,560
And we don't even know yet what the potential is of the sandbox DAO.

707
01:08:19,560 --> 01:08:28,560
The sandbox DAO is even more unique than some of these other ones because the sandbox is the intersection of gaming and business and creators.

708
01:08:28,560 --> 01:08:40,560
And this utility stands at the forefront of not only do they have a product, but they have a service and they have multiple career fields involved in this.

709
01:08:40,560 --> 01:08:59,560
It's not like where an Apecoin DAO, it's mostly revolving around profile pictures and then out of that was born all these different services and initiatives that are trying to keep that value around the brand of Apecoin DAO.

710
01:08:59,560 --> 01:09:01,560
Sandbox doesn't have that issue.

711
01:09:01,560 --> 01:09:03,560
It has a product.

712
01:09:03,560 --> 01:09:08,560
A workable, deliverable product.

713
01:09:08,560 --> 01:09:10,560
The game.

714
01:09:10,560 --> 01:09:14,560
So people can play a game and people have been playing games for a long time.

715
01:09:14,560 --> 01:09:17,560
And so the blockchain supports the game.

716
01:09:17,560 --> 01:09:18,560
The artists support the game.

717
01:09:18,560 --> 01:09:20,560
The game makers support the game.

718
01:09:20,560 --> 01:09:23,560
The serial entrepreneurs support the game.

719
01:09:23,560 --> 01:09:25,560
And the DAO is here.

720
01:09:25,560 --> 01:09:34,560
You're talking about business people and business interests and actual entrepreneurship.

721
01:09:34,560 --> 01:09:38,560
That is powerful.

722
01:09:38,560 --> 01:09:40,560
All of it together is what makes that powerful.

723
01:09:40,560 --> 01:09:46,560
So he's speaking to, we don't even know yet where all of this is going to go.

724
01:09:46,560 --> 01:09:49,560
Not yet.

725
01:09:49,560 --> 01:10:01,560
I can't wait to see the delegation and new community leaders emerge, represent, talk, do the job to explain maybe even better than myself what sandboxes and what can sandbox do and how to make sandboxes.

726
01:10:01,560 --> 01:10:06,560
That right there. That's what convinced me of this episode that I'm doing right now.

727
01:10:06,560 --> 01:10:13,560
When he said the words, my dream is for someone to do it better than I'm doing it.

728
01:10:13,560 --> 01:10:16,560
To explain it better than I can explain it.

729
01:10:16,560 --> 01:10:23,560
That is not only humility, but also to me the sign of a good leader.

730
01:10:23,560 --> 01:10:33,560
The sign of someone who can be trusted is someone who can acknowledge that there are others who know things that you don't.

731
01:10:33,560 --> 01:10:36,560
There are others who can do things better than you can.

732
01:10:36,560 --> 01:10:38,560
You don't know everything.

733
01:10:38,560 --> 01:10:43,560
And it's a fool's errand to think that you do.

734
01:10:43,560 --> 01:10:54,560
I see Seb, when he said that, that convinced me that I still had lingering doubts, especially how the Dow rolled out.

735
01:10:54,560 --> 01:11:07,560
It was just, it was, I wish they had put a little bit more forethought, foresight into not communicating a Dow to the SanFam.

736
01:11:07,560 --> 01:11:14,560
It just set everything, almost everybody off on the wrong foot. And right now there's this big suspicion.

737
01:11:14,560 --> 01:11:25,560
It's a humongous hill to fight for SanFam who just viewed the Dow as nothing but a cash grab or this dictator's regime of why are we even here participating?

738
01:11:25,560 --> 01:11:36,560
Because the sandbox has, the sandbox has 27 million voting power, which even though they promised not to use, they accidentally used it in the first few sips, which is why they had to resubmit them.

739
01:11:36,560 --> 01:11:44,560
And then just people don't follow up with the apologies. And please forgive us, we didn't mean to do that sort of thing.

740
01:11:44,560 --> 01:11:49,560
And this communication mounts and mounts and mounts. And this is why this podcast exists.

741
01:11:49,560 --> 01:11:55,560
Because I wanted to start documenting the process by which these things were developing.

742
01:11:55,560 --> 01:11:58,560
They're not developing in a vacuum or in the secret lair.

743
01:11:58,560 --> 01:12:06,560
It's if you put the dots together, you can see how Seb is trying to communicate that I'm sorry we messed up.

744
01:12:06,560 --> 01:12:10,560
I didn't mean for that to happen. Cyril saying I'm sorry we messed up. Didn't mean for that to happen.

745
01:12:10,560 --> 01:12:14,560
The advisory board members are saying, hey, we didn't actually know each other before all this happened.

746
01:12:14,560 --> 01:12:23,560
We just knew Seb. And and so that kind of goes against where people are saying that, oh, this is collusion going on.

747
01:12:23,560 --> 01:12:30,560
Well, not exactly. Not exactly. There there might be.

748
01:12:30,560 --> 01:12:37,560
It's true that Seb did want these people there and they got it and that the votes were rushed.

749
01:12:37,560 --> 01:12:43,560
Brushed is the wrong word. The day the Dow was announced, the voting for the first sips happened.

750
01:12:43,560 --> 01:12:49,560
And the first sips was approve a budget, approve a constitution, approve this, approve that, approve that.

751
01:12:49,560 --> 01:12:55,560
And just it was so overwhelming that things things got approved.

752
01:12:55,560 --> 01:13:01,560
And I haven't done a podcast episode yet on the on the Constitution and the bylaws and our association.

753
01:13:01,560 --> 01:13:06,560
But I have a contract writing background and contract negotiation background.

754
01:13:06,560 --> 01:13:12,560
And I have questions. I have questions, comments and concerns about the way this stuff is worded.

755
01:13:12,560 --> 01:13:24,560
There's massive loopholes and these bylaws, things that can be exploited, things that are exist outside of what a Dow can agree to.

756
01:13:24,560 --> 01:13:29,560
They are illegal loopholes for the legal company that runs all of this.

757
01:13:29,560 --> 01:13:38,560
And and I'm going to I did some early, early stream episodes where I was putting together.

758
01:13:38,560 --> 01:13:44,560
Should actually make those podcast episodes, but I'm going to do a podcast episode on my findings.

759
01:13:44,560 --> 01:13:53,560
And I've been trying to get Cyril on the podcast so that we can talk about this before I yield my analysis.

760
01:13:53,560 --> 01:13:56,560
Because right now it's not looking good.

761
01:13:56,560 --> 01:13:59,560
And I want to talk to him and give him the benefit of the doubt.

762
01:13:59,560 --> 01:14:17,560
And I would think it's best if we hear from him first before I render my my observations, because my observations are pretty harsh coming from over 10 years doing contract writing and clauses, introducing clauses and enforcing of contracts and that sort of thing.

763
01:14:17,560 --> 01:14:22,560
And so I think it will be easier on my analysis.

764
01:14:22,560 --> 01:14:32,560
I think my analysis will go a lot better and it'll be less harsh if I can talk to him and understand his mindset and how it all came to pass before I do that.

765
01:14:32,560 --> 01:14:37,560
But Seb, bring it back here to this is AMA.

766
01:14:37,560 --> 01:14:42,560
Seb is saying, I can't wait for leaders to emerge out of this.

767
01:14:42,560 --> 01:14:46,560
I can't wait for someone to do better than me.

768
01:14:46,560 --> 01:14:49,560
And I agree completely.

769
01:14:49,560 --> 01:14:52,560
I hope people do things better than me.

770
01:14:52,560 --> 01:14:54,560
I hope someone does a podcast better than me.

771
01:14:54,560 --> 01:14:58,560
I hope someone does sips better than me.

772
01:14:58,560 --> 01:15:06,560
If, if people are doing better than each other and we're improving constantly, then this is all going to work out.

773
01:15:06,560 --> 01:15:14,560
The Dow is going to work out the game is going to work out the community is going to work out if we're all working together and we're propping each other up and we're not fighting each other and not.

774
01:15:14,560 --> 01:15:19,560
Some people call PVP each other trying to take away like it's a zero sum game.

775
01:15:19,560 --> 01:15:31,560
If we prop each other up, help each other and for me, help others be better than me.

776
01:15:31,560 --> 01:15:34,560
We got nothing to worry about.

777
01:15:34,560 --> 01:15:37,560
And nothing but time.

778
01:15:37,560 --> 01:15:40,560
So loved his answer.

779
01:15:40,560 --> 01:15:44,560
Very wise answer to me.

780
01:15:44,560 --> 01:15:46,560
My opinion, even better.

781
01:15:46,560 --> 01:15:50,560
That's kind of my dream of what the dog could achieve one day.

782
01:15:50,560 --> 01:16:05,560
The idea that they could also influence the roadmap of development and to say, like, this is that feature we are is again, and like influence the roadmap of development or even one day to develop new creation tools out of the box.

783
01:16:05,560 --> 01:16:11,560
That's also a possibility that the committee can vote upon.

784
01:16:11,560 --> 01:16:25,560
And like I hope that by next year as well because with the Constitution that was voted and the council member I elected for one year will be a new election so people will actually put in half years by the community close enough.

785
01:16:25,560 --> 01:16:39,560
So they don't get reelected until December of 2025.

786
01:16:39,560 --> 01:16:56,560
All right, so I would see the last question from the formal interview that I asked for a new like you those ways in the sample style ecosystem or the same boss ecosystem, what would be the like the lessons that you will give out to them to get started was in the ecosystem.

787
01:16:56,560 --> 01:17:11,560
There's one part of this answer that I that I want to talk about the thing that you can do in sandbox at the end of the day, you can be a creator, you can play you can have an avatar, you can be a fan of nice off ramp as an interviewer I appreciate this question, I guess.

788
01:17:11,560 --> 01:17:26,560
So, yeah, we give an FDs as we want 21 creating an account on sandbox play some of the events to get a feeling of what it is now, then think like okay, it looks like this now but a year ago it was so much more ugly, slow, not as bad, and so on.

789
01:17:26,560 --> 01:17:36,560
So what can it be in one year again in two years again and so on. And that's, that's really how I approach it, because sometimes we are so hands down on it, I sometimes I look back at it, oh, it's been five years already.

790
01:17:36,560 --> 01:17:48,560
It's so much sometimes I Google previously made. Yes, so that right there was a part I wanted to key in on this answer was, take a look at what it was a year ago and what it is now, and see how much progress we made.

791
01:17:48,560 --> 01:17:52,560
We, Sand Fam, the game, the community.

792
01:17:52,560 --> 01:17:54,560
It's great to see how we've evolved.

793
01:17:54,560 --> 01:18:10,560
And I agree with that. I remember what it was like when we first played how rough it was. But, but you could see the passion, the devotion, the drive for success, and all the partnerships they were bringing in and now it's starting to really come to fruition.

794
01:18:10,560 --> 01:18:27,560
You can start to see the technology of the sandbox start to take shape with and start enable all of the pre existing foundations are starting to really enable each other. And that is, to me, just where compounding success starts to happen.

795
01:18:27,560 --> 01:18:32,560
I don't think we've reached it yet. I think we're almost there.

796
01:18:32,560 --> 01:18:34,560
Almost there.

797
01:18:34,560 --> 01:18:50,560
I remember myself talking three years ago and I say, Wow, okay, like, it's great to see as well. That was also cool. I saw I watched videos from many years ago for him on YouTube, and I did that in trip in preparation of trying to interview his co founder

798
01:18:50,560 --> 01:18:52,560
Arthur Madrid.

799
01:18:52,560 --> 01:19:08,560
You can tell the difference. Arthur spoke a lot in the early years. You can sell from like seven years ago, Arthur was the one speaking mostly and said was sitting in that city but he was standing there to support, but he sometimes spoke but most mostly Arthur talking about what

800
01:19:08,560 --> 01:19:25,560
the sandbox is and could be and, and the decentralization of it and the NFTs and the tokens and, and he was the one who spoke a lot, and then mentioned the white paper and all that. And then, and then now you see Seb Seb is very comfortable or at least appears very comfortable

801
01:19:25,560 --> 01:19:49,560
talking and doing all the conferences and Arthur is no longer at the forefront. So that switch. You can tell the difference he looks different he sounds different. He carries himself much more confidently now than, than years past when he was standing, waiting for his turn to speak and, and

802
01:19:49,560 --> 01:20:03,560
yeah, represent the sandbox, how much it evolved and so the potential of what we're building is important, it gives us like the North Cape, where we want to go. And being in there being part of the community, understanding that ownership matters.

803
01:20:03,560 --> 01:20:10,560
And there's true UTZ behind even more with the DAO. I think that's what I would recommend to the first time creators.

804
01:20:10,560 --> 01:20:19,560
All right, thank you so much Sebastian for everything. And we still got several minutes so we will do another round of lightning round.

805
01:20:19,560 --> 01:20:33,560
So I'll just kind of turn it down a little bit here because it's going to go over things like, what's your favorite food and who what books do you recommend, and all that.

806
01:20:33,560 --> 01:20:40,560
So while while they're talking about that I'll just kind of outro here.

807
01:20:40,560 --> 01:20:47,560
I was very pleasantly surprised to watch this one.

808
01:20:47,560 --> 01:21:00,560
I think, I think it kind of solidified now that that, you know, when I first heard all this stuff in different AMA is and it was kind of all scattered and pieced together.

809
01:21:00,560 --> 01:21:15,560
But it wasn't super super obvious what was being said. But now that I kind of have the benefit of hindsight I see what the DAO, how the DAO was rolled out and what they're trying to do to maintain momentum and all the product improvements that they're making.

810
01:21:15,560 --> 01:21:33,560
This to me took on a new light. It connected new dots, and the dots to me were clear, and that SEB intends to hand responsibility over to the DAO that the game company currently does.

811
01:21:33,560 --> 01:21:47,560
He intends for the DAO to elect ambassadors, the DAO to elect the community manager, and, and that he really believes.

812
01:21:47,560 --> 01:21:58,560
He seems to really really believe in empowering the community to own the sandbox.

813
01:21:58,560 --> 01:22:06,560
Now, there might be some legality things that get in the way of a DAO owning an actual game company. We'll see.

814
01:22:06,560 --> 01:22:12,560
Don't know. There were some really interesting case law that's developing around DAOs.

815
01:22:12,560 --> 01:22:27,560
One of them got sued. Who was it? Which DAO? One of them got sued and in the American court by, was it the SEC or the CFTC or someone sued a DAO, right?

816
01:22:27,560 --> 01:22:35,560
And what they found was that a DAO can be sued because of some legal ways in which it wasn't formed.

817
01:22:35,560 --> 01:22:43,560
So it wasn't an LLC or anything like that, but it was sued as a person. And then that drug into it, all the wallet holders.

818
01:22:43,560 --> 01:22:58,560
So that's one of the reasons why I think Cyril created the Sandbox Foundation as a legal entity to protect the members and us from being sued, litigated from anyone in the world.

819
01:22:58,560 --> 01:23:10,560
Because the international court system and the way things work like that, we're not just, just because people don't know who you are, doesn't mean you can't get drug into the courts.

820
01:23:10,560 --> 01:23:17,560
That's what's starting to emerge now and why it's important to think about this stuff now.

821
01:23:17,560 --> 01:23:26,560
Why it's important for us to start doing what we can to solve these problems and be proactive and discuss what do we want of the DAO?

822
01:23:26,560 --> 01:23:40,560
And then once we know what we want, or at the very least, we start talking about what it means for us to vote into existence goals and even just talking about what we want to do.

823
01:23:40,560 --> 01:23:46,560
That is the road we need to take. That's the way we got to go.

824
01:23:46,560 --> 01:23:57,560
It's clear that regulations all over the world are trying to face cryptocurrency and already some regulations are starting to face DAOs.

825
01:23:57,560 --> 01:24:05,560
You do not want to be on the receiving end of regulation on the DAOs. You want to be on the proactive end of it.

826
01:24:05,560 --> 01:24:11,560
Just take my word for it. I've been in government for a while. Take my word for it.

827
01:24:11,560 --> 01:24:16,560
You want to be on the proactive side. You want to do what you can to be at the table.

828
01:24:16,560 --> 01:24:20,560
Because if you're not at the table, you're on the menu.

829
01:24:20,560 --> 01:24:29,560
And that's not good for us if we're on the menu. So I think who was it I just tried to schedule an interview with.

830
01:24:29,560 --> 01:24:34,560
Where'd he go? Where'd he go?

831
01:24:34,560 --> 01:24:44,560
Davivi. So Davivi, I just heard from Bulls on the Block this past Saturday, Davivi was talking about from CityDow.

832
01:24:44,560 --> 01:24:55,560
How, I can't even think of it. So cool listening to him talk about Dow.

833
01:24:55,560 --> 01:25:02,560
Dang. Had my thought in it. Went right out. Right out.

834
01:25:02,560 --> 01:25:14,560
Yeah, I don't remember. But in any case, the Dow is, the Dow is, you want to be on the proactive side of this.

835
01:25:14,560 --> 01:25:20,560
And the sandbox has a lot to lose if it gets this wrong. It's got a game. It's got an actual product.

836
01:25:20,560 --> 01:25:29,560
Some of these other DAOs can, you know, if they disappear, some of them, they don't really have a ton of assets to lose.

837
01:25:29,560 --> 01:25:38,560
But we have a physical game. So I'm going to do everything I can to be a proactive community member.

838
01:25:38,560 --> 01:25:42,560
And I hope you do too. So I'll end it there. Thank you all for your time.

839
01:25:42,560 --> 01:25:49,560
And I hope you found this just as interesting as I did. I will post the link in the VOD and everything else.

840
01:25:49,560 --> 01:25:54,560
So you can look at it yourself and watch it. It was super cool. Super cool. Loved it, Mia.

841
01:25:54,560 --> 01:26:02,560
Thank you so much for asking the questions and for Sebastian for being open about what his thoughts were on.

842
01:26:02,560 --> 01:26:07,560
So and there. All right. See you.

843
01:26:07,560 --> 01:26:10,560
All right. Thank you so much. And thank you so much, everybody for listening to the Twitter space.

844
01:26:10,560 --> 01:26:25,560
Let's see you guys next time. All right. Bye. Thank you. Thank you.