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All right, Send Out Podcast number 35.

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Today we'll be speaking about the new SIP process that has been launched.

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And specifically, it's a piece of DAO news with a little bit of commentary woven into

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it.

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The disclaimers that I do not represent the Sandbox game or the Sandbox Foundation, not

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your financial or legal advisor, and nothing that I say should be taken as financial or

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legal advice.

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When I say the word SIP, I'm talking about the word Sandbox Improvement Proposal.

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And when I say the word DAO, I'm talking about Decentralized Autonomous Organization.

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Sandfam is in reference to the Sandbox community who participate in the people, product, and

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purpose of the Sandbox ecosystem.

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So we covered the Sandbox ecosystem back in episode 31.

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People, product, purpose.

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So the people is the gamers, the game makers, voxel artists, landowners, sandholders, DAO

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delegates, participants, and the Sandbox team.

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The product is the game client, box edit, game maker, market, and the DAO.

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Whereas the purpose is not just the white paper released in 2020, but also the things

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that Sebastian Bourget, Arthur Medide, Yeatsu all said in reference to why the Sandbox exists

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and what they're doing to further it.

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All of those things together equals a vibrant ecosystem that continues to coexist and has

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since 2018 when it transitioned from a 2D mobile game into a 3D computer game.

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So it's got a lot of stuff woven into it.

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And this podcast is the Sandow podcast, which is a podcast all about the Sandbox DAO.

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I'm your host, Lanzer, and I'm president of MetaWorlds.

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We are one of the studios inside the Sandbox ecosystem.

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We've published two experiences, Floor Droppers, which is currently in 00 and Alpha Season

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4, and also Lava Defense, which was a Game Maker 2023 funded project.

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I'm a WoW holder and mocha, and among other labels you could describe.

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But today I'm just a podcast host talking about one of the newest things that came out

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from the Sandbox DAO, which was the new SIP process.

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So the scoreboard, we're still at 0 draft and 0 open for voting.

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That's mostly because the DAO team is currently trying to finish bringing the delegation system

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online with the approved delegates.

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And so we're at 9 SIPs approved and 1 SIP not approved.

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So it's 56% versus 37%.

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And all the ones that are not approved, the 6, were not approved because of Quorum.

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And MetaWorlds, we have submitted 6 SIPs to the DAO team, the first of which made it through

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voting and it was one of the ones that did not make it because of Quorum, right alongside

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our cohort SIP 15, the Metaverse and Disability Hiring by MetaFutura.

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Checkbook.

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We're currently, we're still at 2.3 million sand of 15.5 million spent and that is about

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15% of the budget.

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According to DAOBase.ai, we still have about 211,000 token holders and we have 2200 voters

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in the Sandbox DAO who have cast 9200 votes.

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So almost 10,000 votes.

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Today's going to be broken up into about five, four sections.

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Well, first we'll be going over the context of how we got today to today.

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So there's going to be a tweet announcement, there's a forum post, there's a second forum

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post and then there's a third forum post, all which leads us to the new SIP guidelines.

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And then finally we'll finish with going through the new type form submission that replaced

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the SIP template.

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So first thing we're going into is the context.

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So for the context, it all begins with a tweet on X which announced, and this was October

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15th, so about 15 days ago, there was an updated SIP guideline page outlining the approved

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SIP submission process.

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It looks a little bit like this.

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The DAO admin team has been hard at work behind the scenes.

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Today's fruit of that labor is an updated SIP guideline page outlining the approved

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SIP submission process.

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And here's a link to the guidelines.

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So the second link was the forum announcement post made by Cyril.

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And Cyril down below toward the bottom under submission guidelines said that they've published

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on the website this morning, and this was about 16 days ago, in an effort to be more

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transparent on the process and guide the community toward better SIPs together with a new template

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type form.

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Follow this dedicated post on this very forum for more info.

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All right, and then when you click that, you get into the new SIP guidelines post, which

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talks about a new simplified process to make it more user-friendly by introducing a submission

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form.

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And as part of this transition, they will no longer accept SIP submissions through the

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SIP email inbox.

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All submissions must go through the new form once it's available, as it now is now.

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And last, the SIP ideas category was linked.

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So if you go all the way down here, you'll see an update by one of the DAO team members.

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We're excited to announce the new guidelines are now available.

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These guidelines are designed to help identify which SIP can be brought, which SIPs can bring

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value to the DAO this time.

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All submissions can be made directly through the form.

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You must first share and discuss your idea with the community in the form here.

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Then there's the SIP ideas category.

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So this post here talks about kind of like an introduction to the process.

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So here's how to get started.

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Post your idea here first.

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And this is the SIP idea forum.

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So this is the SIP idea forum.

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So you are to post your idea here first and SIP ideas.

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Then there's a rough out idea outline.

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It says don't worry about using the old SIP template.

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Instead focus on key points like the problem you're trying to solve and estimate overall

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cost and a rough timeline.

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Read the guidelines.

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Be sure to check out the guidelines for submitting SIPs to understand what the DAO is currently

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prioritizing and important.

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Don't submit your SIP just yet.

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Use this space to refine your idea with community input before moving forward.

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Feel free to ask for input.

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So the gist of that post is it says don't worry about using the old template.

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Instead focus on the key points like the problem you're trying to solve, overall cost, and

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the rough timeline.

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So that's the context.

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Those are the things that introduced the new guidelines which you can locate on their website.

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And the new SIP guidelines are on sandboxstyle.com.

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Up at the top you'll see proposals, submission guidelines.

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The way we'll do this is we'll go through what the actual guidelines say and then we'll

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go through all of the comments surrounding it.

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So up here at the top you have SIP guidelines.

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And it starts with the DAO's mission is to empower community to actively shape the future

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of the sandbox metaverse.

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Before submitting your proposal, make sure to read and hear the below guidelines.

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And then here are the guidelines.

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There is a how it works section.

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Before starting the submission, ensure you have posted in SIP idea subforum and the DAO

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team has invited you to submit your SIP.

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And then step number one says you submit your proposal by submit clicking on the submit

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a SIP button.

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Step two is the DAO team reviews it and helps articulate the SIP in a shared document, leaving

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comments when necessary.

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Step number three is the DAO, the council issues a recommendation whether it be positive,

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negative, or neutral.

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And step number four is you review all the comments and refine your SIP.

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And it says once done, then your SIP is ready for discussion.

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So the way the website is laid out is right underneath it, there are the SIP categories,

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the SIP budget requested, then there is a my submission checklist, ineligible SIPs.

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All of those things are things that happen during and around the process.

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But then so you skip over that and then go down to what's next.

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And under what's next is the rest of the process.

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So once you're done with up here, reviewing all comments and refining your SIP, then you

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go down here to discussion for 14 days, voting for 14 days, and then SIP implementation.

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Then it gives you various things, tips and trips about discussion and voting, SIP implementation,

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and what happens if your SIP is rejected.

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We'll go over all of that.

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So the first thing I noticed was under the how it works and what's next section, those

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are the two things that really encompass what the new guidelines are.

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So it starts with a number one, actually, in my estimation is number two, the very first

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step isn't to submit your SIP to the new type form, which is this one right here.

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The first step is actually to post in the SIP idea sub form, which is the smaller headline

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underneath how it works.

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So that's going to be our number, our step number one, and then everything else will

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follow from that.

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So submit to a new type form link will be step number two.

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Step number three will be the Dow team reviews it.

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Step number four will be the council issues of recommendation.

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Step number five will be to review all your comments and refine your SIP.

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And then step number six is going to be that it goes to discussion and the SIP goes to

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the SIP draft forum, which is this right here discussion.

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So it says on the website under what's next, step number one is discussion in the process.

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That's step number six.

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And then step number seven is the voting for 14 days.

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Step number eight is the implementation.

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And then if rejected, then then what happens after that?

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So that's the way we're going to approach this.

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I've renumbered it so that it is sequential to you and I, the SIP authors.

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So like I said, step number one, submit your proposal to the SIP ideas sub forum.

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That SIP ideas sub forum is right here under the sandbox style under proposals.

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And in proposals, you'll see three sub forums, SIP actives, SIP draft, SIP ideas, and also

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withdrawn, a fourth sub forum.

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So you will first submit your idea here to this SIP ideas.

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The SIP ideas sub forum.

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So whereas before it was optional, now it's mandatory.

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You will submit here under SIP ideas.

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And as you can see, there's a lot of SIP ideas there already from before the new process

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took hold.

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So the, where it says in the smaller print and the Dow team has invited you to SIP to

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submit.

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The first thing I noted was that it wasn't really clear here what must be met to receive

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an invitation.

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It just says in all of the, all of the explanations and all of the literature that, that under

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the guidelines, you just need to ensure that you've posted in the SIP idea and then the

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Dow team will invite you to submit your SIP.

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You can see the wording there.

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So I'm not really sure.

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It doesn't really specify what must be done in order to receive an invitation.

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And I think, I think this might be a way to modulate the intake of SIPs.

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So to make it a little bit more digestible for the Dow admin team.

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I'm not really sure though.

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They don't really specify, but you know, the, them inviting you after a set time or

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set trigger or whatever it is, seems to be a way for them to, to pace themselves instead

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of just getting all the SIPs all at once, like has been when you just submit your idea

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used to be via email.

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So that part is now, so there, that part's all, all good.

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Now we go to step number two, which on the website says is step number one here, submit

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your proposal.

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So step number two here is submit proposal to the new type form link.

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Again, it's not really clear what the indication is to submit.

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I guess we're just, we're waiting now for the admin team to invite us.

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Doesn't really see how that invitation will come about, but, but that's, that's now what

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it is.

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So what they're referring to is here at the top, on the top left, there's a submit SIP,

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a blue submit SIP button.

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And so that, that is the, that is the, that's the button that you click under SIP guidelines

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at the very top, big old blue submit SIP button.

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You click that, it'll bring you to the type form and we will go over that last.

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Okay, so that's step number two.

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Then step number three, which is labeled on the website, step number two, where you then

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receive the Dow admin team's review and their comments.

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And I think this, this acts as kind of like a first curation step.

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There's, there's no, there's no clarity right, as of right now, how long the step will last.

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And it's, I couldn't figure out if the comments need to be resolved here or later on down

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in step number five, where it says review all comments.

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Some literature seems to suggest that you do have to review all your comments before

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moving on, but neither case, this is the step here you have to get to in order to move on

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to step number four.

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Step number four is the council will then issue a positive, negative or neutral recommendation.

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My personal experience, having submitted six SIPs so far, and one of them did receive the

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first one that went to vote, step number 14, did get a negative recommendation.

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The recommendation itself seems to take one to two days, but even if you get a negative

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or neutral recommendation, you can still elect to proceed to vote, as I did.

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And then you go to vote and the only difference is that your proposal will have, it'll have

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a sad face.

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So here's mine, set number 14, and then at the top of step number 14, the council recommendation

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was negative and it closed a couple weeks ago.

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So that's step number four, and on the website it's listed as here, step number three.

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Okay, listed on the website as step number four, but is step number five, to an author,

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that's when you review all comments and refine your SIP.

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And my experience is that the refinement is a back and forth between you and the Dow admin

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team, where you refine comments, you change your SIP as needed, and the Dow team will

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review, and you'll have a discussion with them back and forth until they are satisfied

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with your resolution comments and the SIP has been refined.

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It's still unclear how long the step lasts.

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It could last as some of my SIPs are going on for about 120 days now.

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As I said, I've submitted six of them and that's not taking into account the recent

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pause on SIPs for delegations.

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So there's a wide range of some SIPs go through within less than 30 days, some take longer

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than that.

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So this kind of, to me, seems like a second curation step.

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So once you're up here, unclear if you have to complete the comments in step number three,

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00:19:25,640 --> 00:19:30,480
which is when you receive the Dow admin team review and comments, most likely you do, but

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00:19:30,480 --> 00:19:34,840
I'm not sure right now based on the reading of the instructions.

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00:19:34,840 --> 00:19:39,800
But here in step number five, when you receive a second set of review comments to refine

230
00:19:39,800 --> 00:19:48,320
your SIP, that's when you will also need to refine your SIP and do so.

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00:19:48,320 --> 00:19:56,120
So I covered this in episode 33, when we talked a bit about the the Dow medium article that

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came out.

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00:19:57,460 --> 00:20:03,880
So over here in, in episode number 33, here was in the first three phases, there doesn't

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00:20:03,880 --> 00:20:09,120
seem to be a limit on the Dow admin team's power to curate not their SIP.

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Or is there any description of when curation becomes excessive?

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So that was episode number 33.

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00:20:18,120 --> 00:20:24,760
And when the Dow team clarified, Dow admin team clarifies, then, then we can, we can

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make that that clarity too.

239
00:20:27,200 --> 00:20:33,320
So after SIP, after episode, excuse me, after step number five, which is again listed as

240
00:20:33,320 --> 00:20:37,680
number four on the website, you then go down to the what's next section.

241
00:20:37,680 --> 00:20:40,160
And on the website is listed as step number one.

242
00:20:40,160 --> 00:20:42,720
But in the process, it's step number six.

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00:20:42,720 --> 00:20:47,920
That's when you enter into the discussion period, 14 days, and the SIP also goes to

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00:20:47,920 --> 00:20:52,220
the SIP draft subforum.

245
00:20:52,220 --> 00:21:00,800
So if you go to the website, under your, your idea, your proposal first goes to SIP ideas

246
00:21:00,800 --> 00:21:02,680
here, the red section.

247
00:21:02,680 --> 00:21:08,240
But then when it goes to step number six, the discussion step, then it gets moved up

248
00:21:08,240 --> 00:21:10,680
here to the blue section, the SIP draft.

249
00:21:10,680 --> 00:21:14,400
And as you can see right now, there's nothing here.

250
00:21:14,400 --> 00:21:16,880
While the Dow team does the delegation system.

251
00:21:16,880 --> 00:21:22,760
So that is the, it gets moved there where discussion can continue.

252
00:21:22,760 --> 00:21:29,240
And it enters in like a public comment period, which it's already done at that point.

253
00:21:29,240 --> 00:21:35,760
So that however long it took to be in the SIP idea forum, that's publicly viewable as

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00:21:35,760 --> 00:21:37,240
well here in step number one.

255
00:21:37,240 --> 00:21:41,080
So you're still publicly viewable here in step number six.

256
00:21:41,080 --> 00:21:44,760
And that's where you get more public comment by SanFam.

257
00:21:44,760 --> 00:21:50,920
And this is going to be the first time they've seen the the two curation steps where you've,

258
00:21:50,920 --> 00:21:55,480
you've modified and adjusted your proposal based on the comments you've received thus

259
00:21:55,480 --> 00:21:56,480
far.

260
00:21:56,480 --> 00:21:58,940
So that's step number six.

261
00:21:58,940 --> 00:21:59,940
Step number seven.

262
00:21:59,940 --> 00:22:06,240
And again listed on the website is number two under the what's next section.

263
00:22:06,240 --> 00:22:11,280
So down here, so this, that was discussion step number one, and here is step number two,

264
00:22:11,280 --> 00:22:12,280
voting.

265
00:22:12,280 --> 00:22:14,520
So the next one is the voting step.

266
00:22:14,520 --> 00:22:20,200
So the SIP goes to snapshot here.

267
00:22:20,200 --> 00:22:27,600
And you can also access this on the website under at the top where it says proposals,

268
00:22:27,600 --> 00:22:28,600
voting SIPs.

269
00:22:28,600 --> 00:22:32,840
And then if you scroll down here, you'll see the improved dashboard.

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00:22:32,840 --> 00:22:37,960
So you can now see the quorum here, you can see the ending day and how many votes.

271
00:22:37,960 --> 00:22:38,960
So that's, that's really cool.

272
00:22:38,960 --> 00:22:40,400
I like that a lot.

273
00:22:40,400 --> 00:22:45,600
But here we're, we're at sit number 15 having been closed.

274
00:22:45,600 --> 00:22:53,800
You alternatively, you can go to snapshot where you can see all of the SIPs here.

275
00:22:53,800 --> 00:23:04,440
And down at the bottom of every, every proposal here, you'll see view more.

276
00:23:04,440 --> 00:23:05,620
You'll see the discussion link.

277
00:23:05,620 --> 00:23:13,800
So this will take you to the forum where you can continue to discuss.

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00:23:13,800 --> 00:23:20,200
And I covered that in a, there's a tutorial video I have there for if you want to know

279
00:23:20,200 --> 00:23:26,120
how to vote, just search under the same Sandow podcast playlist.

280
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Here's a tutorial for it.

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00:23:28,060 --> 00:23:30,120
This will select SIP 14.

282
00:23:30,120 --> 00:23:33,800
View the proposal details.

283
00:23:33,800 --> 00:23:37,320
The bottom you'll see comments with the latest forum replies.

284
00:23:37,320 --> 00:23:42,580
You can click join discussion, go to that forum post.

285
00:23:42,580 --> 00:23:48,120
So there's you can, there's a larger tutorial there for how do you cast a vote and how do

286
00:23:48,120 --> 00:23:50,480
you then access everything?

287
00:23:50,480 --> 00:23:56,960
How do you cast a vote on sandboxdow.com versus snapshot as an alternative.

288
00:23:56,960 --> 00:23:59,200
So that completes step number seven.

289
00:23:59,200 --> 00:24:02,320
So step number eight is the implementation step.

290
00:24:02,320 --> 00:24:11,240
And that's listed as step number three on the, on the website under the what's next

291
00:24:11,240 --> 00:24:12,240
section.

292
00:24:12,240 --> 00:24:15,840
So this one right here.

293
00:24:15,840 --> 00:24:21,520
And step number eight is when you start to, you're assuming your SIP has passed, you then

294
00:24:21,520 --> 00:24:23,600
go to complete your milestones.

295
00:24:23,600 --> 00:24:29,560
You deliver on the service and product that your SIP advertised and was approved.

296
00:24:29,560 --> 00:24:32,720
And then you start invoicing for payment.

297
00:24:32,720 --> 00:24:38,720
So a good example of that would be Sandow number, episode 34 where we cover SIP number

298
00:24:38,720 --> 00:24:40,640
eight, which was Magic Pallet.

299
00:24:40,640 --> 00:24:47,880
That was the first community SIP that, that was put out for vote.

300
00:24:47,880 --> 00:24:52,440
Generators, that's Pepe right there talking, showing the Magic Pallet.

301
00:24:52,440 --> 00:24:54,560
Games out of the box.

302
00:24:54,560 --> 00:25:01,120
So that's us interacting right there with the Magic Pallet demo.

303
00:25:01,120 --> 00:25:03,080
That was a SIP that was passed.

304
00:25:03,080 --> 00:25:09,400
And then, and then, and then it was, it's now in development.

305
00:25:09,400 --> 00:25:10,840
So it's almost done.

306
00:25:10,840 --> 00:25:14,360
We'll be doing another update with Pepe here in the next coming weeks where it's, it's

307
00:25:14,360 --> 00:25:17,160
getting very, very close to completion.

308
00:25:17,160 --> 00:25:19,000
Okay.

309
00:25:19,000 --> 00:25:22,040
So that's step number eight.

310
00:25:22,040 --> 00:25:25,080
Then you get step number nine.

311
00:25:25,080 --> 00:25:31,800
If your SIP is rejected, then you have to resubmit three months after a vote is rejected.

312
00:25:31,800 --> 00:25:36,500
And I couldn't really quite tell if failing quorum is the same thing as being rejected.

313
00:25:36,500 --> 00:25:42,240
Most likely it is, but failing quorum is a, is a subset, I suppose, of rejection.

314
00:25:42,240 --> 00:25:47,560
Although there's, there's enough room there to not be a hundred percent sure.

315
00:25:47,560 --> 00:25:52,400
So an example that, like I mentioned, the SIP number 14 was mine.

316
00:25:52,400 --> 00:25:57,240
So review the, excuse me, enable when oversizing the resolution options.

317
00:25:57,240 --> 00:26:02,680
It did have overall yes vote, but it did not reach quorum.

318
00:26:02,680 --> 00:26:07,880
Another did the cohort that was at the same SIP at the same time with as mine, SIP number

319
00:26:07,880 --> 00:26:14,360
15, as was five or six others across our DAL so far.

320
00:26:14,360 --> 00:26:22,360
So if that happens, then I assume, I think that this means it meets the SIP rejection

321
00:26:22,360 --> 00:26:28,960
and you, I would have to wait three months to submit again if I choose to submit again.

322
00:26:28,960 --> 00:26:33,400
So there's your, your nine steps right there explained.

323
00:26:33,400 --> 00:26:40,920
And the real comparison comes into what changed.

324
00:26:40,920 --> 00:26:46,640
So what is it that, that really changed from those who have submitted so far to what is,

325
00:26:46,640 --> 00:26:49,180
is now the process.

326
00:26:49,180 --> 00:26:51,580
So here we'll do a comparison.

327
00:26:51,580 --> 00:26:58,320
So the SIP process, which started in May of 2024 when the DAL launched, looked like this.

328
00:26:58,320 --> 00:27:01,840
And this is, there was a five step process.

329
00:27:01,840 --> 00:27:07,760
You, you first complete the SIP template and then you send the email to the admin team.

330
00:27:07,760 --> 00:27:11,040
You answer the DAL admin teams review comments.

331
00:27:11,040 --> 00:27:17,620
You, we, it could last for as long as the DAL admin team needs it to last.

332
00:27:17,620 --> 00:27:24,160
And we, there was a wide range of different answers when I interviewed most of the different

333
00:27:24,160 --> 00:27:32,440
SIP authors ranging from very short timeline, less than 30 days to, to much, much longer.

334
00:27:32,440 --> 00:27:36,120
So this was Pepe's submission when I interviewed him.

335
00:27:36,120 --> 00:27:37,800
Okay, gotcha.

336
00:27:37,800 --> 00:27:40,240
And how long did that back and forth go on for?

337
00:27:40,240 --> 00:27:41,240
A week?

338
00:27:41,240 --> 00:27:42,240
More than that?

339
00:27:42,240 --> 00:27:45,240
There was no back and forward.

340
00:27:45,240 --> 00:27:48,680
Just the meeting that they said it's all good, you know.

341
00:27:48,680 --> 00:27:49,680
So there you go.

342
00:27:49,680 --> 00:27:54,080
That so Pepe's, which was the first community SIP, it was relatively short timeline turnaround.

343
00:27:54,080 --> 00:28:02,120
So then after that you submitted it via the, to the sip at sandboxdow.com email.

344
00:28:02,120 --> 00:28:06,000
How long did the back and forth go between you and, and their team before it reached

345
00:28:06,000 --> 00:28:07,000
the...

346
00:28:07,000 --> 00:28:08,000
It's been a while, man.

347
00:28:08,000 --> 00:28:09,000
It's been a while.

348
00:28:09,000 --> 00:28:12,760
I think it's been like a couple of months at least.

349
00:28:12,760 --> 00:28:18,280
So there, that was the creator's first SIP, which was ultimately withdrawn, mostly because

350
00:28:18,280 --> 00:28:24,480
it received a negative recommendation and, and Kirill there decided not to proceed.

351
00:28:24,480 --> 00:28:28,000
So that was Sandow podcast number three, man, it seems so long ago.

352
00:28:28,000 --> 00:28:30,240
We're in 35 now.

353
00:28:30,240 --> 00:28:37,000
So there are two very different experiences and mine is, is somewhere in...

354
00:28:37,000 --> 00:28:44,080
My earliest SIP took about 60 days, so two months, and my latest SIP took is now about

355
00:28:44,080 --> 00:28:47,200
120 days.

356
00:28:47,200 --> 00:28:52,200
So, and I also talk about this in Sandow podcast 33 when I covered...

357
00:28:52,200 --> 00:28:55,200
This will serve as a model for future SIPs.

358
00:28:55,200 --> 00:29:02,840
My comment here was that where it says in the sandboxdow's current configuration that

359
00:29:02,840 --> 00:29:07,040
the council and admin team can curate the proposals received.

360
00:29:07,040 --> 00:29:12,840
My question was, is how does the Dow admin team judge when curation has become excessive?

361
00:29:12,840 --> 00:29:18,520
My experience has been anywhere from 60 to 120 days.

362
00:29:18,520 --> 00:29:24,120
And that, and that seems to also be somewhat of an average somewhere in there.

363
00:29:24,120 --> 00:29:26,680
That also includes feasibility studies.

364
00:29:26,680 --> 00:29:33,700
So for some of my SIPs and some of others who needed to go back to either a legal opinion

365
00:29:33,700 --> 00:29:39,880
or go back to the product team of the sandbox company, a feasibility study might have needed

366
00:29:39,880 --> 00:29:44,920
to be done in order to determine if your SIP can be accomplished.

367
00:29:44,920 --> 00:29:49,220
And so that timeline, that 60 to 100 day timeline could...

368
00:29:49,220 --> 00:29:53,640
It also includes that feasibility study.

369
00:29:53,640 --> 00:29:57,540
So there we are with a SIP number...

370
00:29:57,540 --> 00:30:00,160
Step number one, which is submit the SIP to the Dow admin team.

371
00:30:00,160 --> 00:30:04,000
Step number two was the SIP public discussion.

372
00:30:04,000 --> 00:30:07,320
It was a 14 day period in the SIP draft subforum.

373
00:30:07,320 --> 00:30:11,680
I showed you that earlier under the proposal forum.

374
00:30:11,680 --> 00:30:15,360
And here it went straight to the SIP...

375
00:30:15,360 --> 00:30:17,920
Sorry, you can't see that.

376
00:30:17,920 --> 00:30:19,680
There you go.

377
00:30:19,680 --> 00:30:26,200
It went straight to the SIP draft here, to the blue.

378
00:30:26,200 --> 00:30:27,880
Okay.

379
00:30:27,880 --> 00:30:31,960
And you could still freely make revisions at the time and send changes to the Dow admin

380
00:30:31,960 --> 00:30:34,160
team to make those changes.

381
00:30:34,160 --> 00:30:39,860
Okay, then next after that, we have the...

382
00:30:39,860 --> 00:30:45,720
We have step number three, which is special recommendation, the special counsel's recommendation.

383
00:30:45,720 --> 00:30:51,200
It could be positive, neutral, or negative, same as it is right now.

384
00:30:51,200 --> 00:30:55,840
And that also took unknown duration, but my experience was two days.

385
00:30:55,840 --> 00:31:01,560
And you can still proceed with a neutral or negative rating if you so desired.

386
00:31:01,560 --> 00:31:08,040
And we had one SIP author who withdrew when they received a negative rating.

387
00:31:08,040 --> 00:31:11,240
And I received a negative rating, as did some others, and they pursued...

388
00:31:11,240 --> 00:31:15,320
They decided to proceed as well.

389
00:31:15,320 --> 00:31:16,960
Okay.

390
00:31:16,960 --> 00:31:23,200
Then we have step number four, which is still the old process, the SIP vote on snapshot.

391
00:31:23,200 --> 00:31:29,960
It goes to snapshot for 14 days or the sandbox Dow website.

392
00:31:29,960 --> 00:31:32,720
I showed it already, what it looks like.

393
00:31:32,720 --> 00:31:40,800
Where sandholders and landowners vote, the SIP is then moved to SIP active forum, which

394
00:31:40,800 --> 00:31:44,140
was the green.

395
00:31:44,140 --> 00:31:48,400
Over here on the left, the green.

396
00:31:48,400 --> 00:31:56,160
And then if rejected, then resubmission in 30 days.

397
00:31:56,160 --> 00:32:01,080
If passed, then that's when you start completing and delivering on your milestones, service

398
00:32:01,080 --> 00:32:07,880
and product, invoicing payments, and you invoice via request finance in accordance with the

399
00:32:07,880 --> 00:32:08,880
payment plan.

400
00:32:08,880 --> 00:32:10,840
Okay, so that's the old process.

401
00:32:10,840 --> 00:32:15,160
So what is the new process?

402
00:32:15,160 --> 00:32:18,920
Here is the new process.

403
00:32:18,920 --> 00:32:20,740
The new process is now eight steps long.

404
00:32:20,740 --> 00:32:22,940
If you count from beginning to end.

405
00:32:22,940 --> 00:32:27,640
Step one is submit the SIP to the SIP ideas sub forum.

406
00:32:27,640 --> 00:32:31,700
And there are some key points that the Dow team recommends.

407
00:32:31,700 --> 00:32:37,600
So instead of following the SIP template, here you do the talk about the problem you're

408
00:32:37,600 --> 00:32:44,960
trying to solve, talk about the overall estimated cost, and then talk about a rough timeline.

409
00:32:44,960 --> 00:32:47,040
And that's where you receive community feedback.

410
00:32:47,040 --> 00:32:54,000
And then you start you start acting on that feedback or, or otherwise improving your,

411
00:32:54,000 --> 00:32:55,760
your SIP.

412
00:32:55,760 --> 00:32:59,600
Step number two, then is to submit the SIP via the submission forum.

413
00:32:59,600 --> 00:33:05,120
Now that is the the type form link that we refer to type form is a website.

414
00:33:05,120 --> 00:33:09,280
And it has like this right here.

415
00:33:09,280 --> 00:33:14,600
Like I said, we'll get into that as the last item to go through all the questions.

416
00:33:14,600 --> 00:33:21,480
Alright, so it's right now it's presently it's unclear when to submit.

417
00:33:21,480 --> 00:33:26,000
I mentioned that earlier, when we went through the guidelines.

418
00:33:26,000 --> 00:33:36,760
And here it says under the importance of the thread, announcing the post says, don't submit

419
00:33:36,760 --> 00:33:41,600
your SIP just yet use this space to refine your idea with community input before moving

420
00:33:41,600 --> 00:33:50,720
forward and then at the top of the guidelines here it says you wait until the Dow team has

421
00:33:50,720 --> 00:33:54,800
invited you to submit your SIP right there.

422
00:33:54,800 --> 00:34:02,800
Okay, so whatever the whatever way it goes there, there's some sort of trigger that happens

423
00:34:02,800 --> 00:34:05,760
where the invitation is extended.

424
00:34:05,760 --> 00:34:12,840
Then you move to step number three, which is received out admin team review, and that

425
00:34:12,840 --> 00:34:16,960
those admin team review comments.

426
00:34:16,960 --> 00:34:22,520
Again that that part seems to last don't know how long it's unclear duration.

427
00:34:22,520 --> 00:34:26,760
And that I think, as I mentioned earlier, access like a first curation step.

428
00:34:26,760 --> 00:34:31,200
So it's unclear if those comments have to be resolved here or later on here in step

429
00:34:31,200 --> 00:34:37,640
five, and here in step four, in the new process, special count, council recommendation, get

430
00:34:37,640 --> 00:34:42,520
a positive neutral or negative unclear how long they take but in my experience one to

431
00:34:42,520 --> 00:34:51,360
two days, then you move to step number five, review and refine your SIP all comments and

432
00:34:51,360 --> 00:34:52,840
reviewing your find your SIP.

433
00:34:52,840 --> 00:34:53,840
Yeah, here.

434
00:34:53,840 --> 00:34:59,040
This is down on the, the website.

435
00:34:59,040 --> 00:35:06,600
Right there. And this seems to act as like a second curation step unclear on the duration,

436
00:35:06,600 --> 00:35:10,400
and not really specified yet.

437
00:35:10,400 --> 00:35:14,320
Then we move on to step number six, which is the public discussion.

438
00:35:14,320 --> 00:35:19,240
And in the public discussion, it remains 14 days.

439
00:35:19,240 --> 00:35:23,600
And that's when your SIP moves to the SIP draft sub forum, where you can really make

440
00:35:23,600 --> 00:35:28,680
revisions and send those changes to the Dow admin team.

441
00:35:28,680 --> 00:35:35,060
Step number seven is then the SIP goes to vote on snapshot snapshot.org, and it goes

442
00:35:35,060 --> 00:35:38,480
to a 14 day vote process.

443
00:35:38,480 --> 00:35:44,480
Still same thing where sand and holders and land owners vote.

444
00:35:44,480 --> 00:35:49,160
And then at that point, it moves to the SIP active sub forum, where you can continue the

445
00:35:49,160 --> 00:35:52,600
discussion and receive input.

446
00:35:52,600 --> 00:35:54,320
But at that point, you're at the vote.

447
00:35:54,320 --> 00:36:01,300
So there really isn't much for you to do except answer q&a's and try and advocate for your

448
00:36:01,300 --> 00:36:02,740
yes vote.

449
00:36:02,740 --> 00:36:06,160
Step number eight, assuming that your SIP passes, that's when you start to complete

450
00:36:06,160 --> 00:36:09,860
milestones, deliver on service product and invoice for payment.

451
00:36:09,860 --> 00:36:13,360
And then they have some payment instructions there and will request finance, which will

452
00:36:13,360 --> 00:36:16,200
go over in accordance with the payment plan.

453
00:36:16,200 --> 00:36:19,560
Okay, so that's the new SIP process.

454
00:36:19,560 --> 00:36:23,800
So we go from the older process back in May, it's five steps.

455
00:36:23,800 --> 00:36:28,440
The new process now in October 2024 is eight steps.

456
00:36:28,440 --> 00:36:30,660
And I did it, I did it.

457
00:36:30,660 --> 00:36:34,200
I wanted to format in different ways so that my brain could understand it.

458
00:36:34,200 --> 00:36:36,500
So I flowcharted it out.

459
00:36:36,500 --> 00:36:43,480
And I hear still the old process, which I mentioned step one, submit your step, step

460
00:36:43,480 --> 00:36:46,180
two was public discussion.

461
00:36:46,180 --> 00:36:48,040
Step three was special council recommendations.

462
00:36:48,040 --> 00:36:49,960
Step four, SIP vote.

463
00:36:49,960 --> 00:36:56,280
Step five is SIP implementation, and if rejected, then you resubmit, go back to step one.

464
00:36:56,280 --> 00:37:02,520
So that process took anywhere from 60 to about 150 days.

465
00:37:02,520 --> 00:37:07,280
And I'm using both my averages and other SIP author averages.

466
00:37:07,280 --> 00:37:13,720
That's just by counting here the days of the from steps one through five.

467
00:37:13,720 --> 00:37:18,960
60 being on the lower end and 50 being on the higher end.

468
00:37:18,960 --> 00:37:27,000
But if you then start overlaying the changes, it looks a little bit like this.

469
00:37:27,000 --> 00:37:30,280
So here's how we're going to walk through this.

470
00:37:30,280 --> 00:37:36,000
There's now a new step number one, which is submit step two SIP ideas on the sub forum.

471
00:37:36,000 --> 00:37:42,000
That's however many days it takes you to submit on the sub forum ideas.

472
00:37:42,000 --> 00:37:45,080
Step two is now step three.

473
00:37:45,080 --> 00:37:53,080
Step step two, being the submit SIP DAO admin, an email that's no longer the case, you now

474
00:37:53,080 --> 00:37:59,880
submit the SIP to the DAO via a type form link and unsure what the invitation is there.

475
00:37:59,880 --> 00:38:03,400
So we don't know how many days it is yet.

476
00:38:03,400 --> 00:38:07,080
Step number three.

477
00:38:07,080 --> 00:38:12,600
Step number three is used to be SIP public discussion.

478
00:38:12,600 --> 00:38:16,600
Now is now step number six in the new process.

479
00:38:16,600 --> 00:38:20,200
But the new step number three is received DAO admin team review.

480
00:38:20,200 --> 00:38:27,240
It can last anywhere from 30 to 100 day 120 days based on averages that I've I've seen

481
00:38:27,240 --> 00:38:28,760
so far.

482
00:38:28,760 --> 00:38:37,200
And then step three, what used to be step number three is now step number four.

483
00:38:37,200 --> 00:38:45,320
This is special council recommendation that lasts about two days and and step number five

484
00:38:45,320 --> 00:38:49,520
is review and refine all review and refine all comments.

485
00:38:49,520 --> 00:38:54,080
130 to 120 days.

486
00:38:54,080 --> 00:38:59,280
That old step number five is now step number eight SIP implementation.

487
00:38:59,280 --> 00:39:10,040
But new step number six is SIP public discussions that takes about 14 days.

488
00:39:10,040 --> 00:39:14,560
That used to be step number two in the old process, which was the public discussion.

489
00:39:14,560 --> 00:39:17,940
Now it's step number six in the new process.

490
00:39:17,940 --> 00:39:22,760
And then step number seven, which used to be step old step number four.

491
00:39:22,760 --> 00:39:27,040
Now new step number seven, SIP votes on the snapshot.

492
00:39:27,040 --> 00:39:29,680
And then finally you end with step implementation.

493
00:39:29,680 --> 00:39:33,640
The new step number eight used to be old step number five.

494
00:39:33,640 --> 00:39:40,520
So there's kind of the way things changed from the old step number one to new step number

495
00:39:40,520 --> 00:39:43,440
two.

496
00:39:43,440 --> 00:39:47,880
Old step number two is now step number six, new step number six.

497
00:39:47,880 --> 00:39:52,820
New step number three moves into new step number four, which used to be old step number

498
00:39:52,820 --> 00:40:03,900
three, and then old step number four is now new step number six, and new step number five.

499
00:40:03,900 --> 00:40:08,680
Old step number five is not new step number eight, and you start number six, which used

500
00:40:08,680 --> 00:40:13,600
to be old step number seven goes into new step number seven which used to be old step

501
00:40:13,600 --> 00:40:18,360
number four and new step number eight but used to be also number five.

502
00:40:18,360 --> 00:40:22,580
So that's the you walk through the the old to new process.

503
00:40:22,580 --> 00:40:27,840
If you're confused yet, then we'll, it's okay, we'll, we'll, we'll turn this around.

504
00:40:27,840 --> 00:40:30,120
This is the new process in the flow chart.

505
00:40:30,120 --> 00:40:34,040
So it goes all the way from step number one, two, three, four, five, six, seven, eight,

506
00:40:34,040 --> 00:40:37,920
from submitting your SIP idea, all the way to SIP implementation.

507
00:40:37,920 --> 00:40:40,640
So nice flow chart process.

508
00:40:40,640 --> 00:40:45,720
But the, the final things that we need to talk about here is the if rejected resubmit

509
00:40:45,720 --> 00:40:46,720
thing.

510
00:40:46,720 --> 00:40:53,840
So what used to be, what used to be where if you got rejected by the special counsel,

511
00:40:53,840 --> 00:40:57,720
or if you got rejected by the SIP vote on the snapshot, those were your two kind of

512
00:40:57,720 --> 00:41:03,940
points of entry for if you got rejected, then you would have to start all over 30 days later

513
00:41:03,940 --> 00:41:05,700
if you so choose.

514
00:41:05,700 --> 00:41:12,500
But the new step enters in three from, from what I could tell three new rejection vectors.

515
00:41:12,500 --> 00:41:17,240
So step number two, when you submit the SIP to the DAO type form link, it could be rejected

516
00:41:17,240 --> 00:41:18,240
there.

517
00:41:18,240 --> 00:41:24,840
You could also be rejected at the, when you receive the, the DAO admin team review, you,

518
00:41:24,840 --> 00:41:28,120
that's step number three, you could still be rejected at step number four, which is

519
00:41:28,120 --> 00:41:30,000
special counsel recommendation.

520
00:41:30,000 --> 00:41:38,880
Like if, if you're, if they deem your proposal to be illegal or that was the current description

521
00:41:38,880 --> 00:41:43,840
for when a special counsel recommendation, you know, could, could stop that.

522
00:41:43,840 --> 00:41:47,380
And then step number five, which is where the review and the refining and all the comments

523
00:41:47,380 --> 00:41:52,980
with the DAO team occurs, that also could elicit a SIP rejection.

524
00:41:52,980 --> 00:41:58,880
If you, if you don't satisfy the comments to the DAO admin team satisfaction.

525
00:41:58,880 --> 00:42:04,940
So and then step number seven, if your proposal gets rejected on snapshot, then that that's

526
00:42:04,940 --> 00:42:06,700
also a rejection.

527
00:42:06,700 --> 00:42:12,200
So there's more rejection points that a SIP can experience.

528
00:42:12,200 --> 00:42:14,880
So this, this is the new process.

529
00:42:14,880 --> 00:42:22,360
It, it from my calculations takes at least 90 days now, given the new averages, and then

530
00:42:22,360 --> 00:42:30,880
could take about a maximum of about 120 to, excuse me, a maximum of 270 days.

531
00:42:30,880 --> 00:42:41,000
And so compared to the older process, which had five steps took about 60 to 150 days.

532
00:42:41,000 --> 00:42:49,120
The new process has eight steps and takes any could take anywhere from 90 to 270 days

533
00:42:49,120 --> 00:42:55,000
because it's basically there's an increase in, in the DAO admin team to review.

534
00:42:55,000 --> 00:42:58,920
So that's, that's the most, the majority.

535
00:42:58,920 --> 00:43:06,280
Okay, and then so we're gonna, we're gonna change the lens and this is clearly a change

536
00:43:06,280 --> 00:43:07,800
in the SIP approach.

537
00:43:07,800 --> 00:43:15,480
It was foreshadowed by the, the DAO admin teams medium article that was published in

538
00:43:15,480 --> 00:43:18,840
the sandboxes medium account.

539
00:43:18,840 --> 00:43:25,600
And I did, I did go over that in, in a previous podcast episode.

540
00:43:25,600 --> 00:43:32,440
And so this is, so we're gonna, we're gonna play out visually what the, what the change

541
00:43:32,440 --> 00:43:33,440
is.

542
00:43:33,440 --> 00:43:40,000
So here you have the sandbox style and you have all the players in the sandbox style

543
00:43:40,000 --> 00:43:49,440
working on their proposals and those proposals and the old process used to be you prepared

544
00:43:49,440 --> 00:43:55,720
the via the SIP template and then you sent an email to the, the DAO admin team, your

545
00:43:55,720 --> 00:43:59,280
proposal, and that would start the process.

546
00:43:59,280 --> 00:44:04,640
That would then go through the voting system and then unlock the payment if your proposal

547
00:44:04,640 --> 00:44:07,040
was accepted.

548
00:44:07,040 --> 00:44:09,400
That is no longer the case.

549
00:44:09,400 --> 00:44:17,160
That is the old process that started May 2024 and now has this new process for October 2024

550
00:44:17,160 --> 00:44:18,160
has started.

551
00:44:18,160 --> 00:44:22,160
The new process looks a little bit like this.

552
00:44:22,160 --> 00:44:33,520
The DAO admin team will select, invite different SIPs that get posted in the SIP ideas sub

553
00:44:33,520 --> 00:44:42,360
forum and that access your, your, your go no go of whether or not you submit a SIP to

554
00:44:42,360 --> 00:44:44,760
the new type form.

555
00:44:44,760 --> 00:44:52,800
So we went from here, the DAO team invites you and then after the invitation, that invitation

556
00:44:52,800 --> 00:44:59,240
gives you the ability to submit a SIP proposal via the type form and then that unlocks the

557
00:44:59,240 --> 00:45:02,120
voting process for you.

558
00:45:02,120 --> 00:45:10,840
So that right there, that right there is the visual change in the process.

559
00:45:10,840 --> 00:45:18,280
Old process was send emails with your template, new processes, be invited and then submit

560
00:45:18,280 --> 00:45:20,480
the type form.

561
00:45:20,480 --> 00:45:22,480
Okay.

562
00:45:22,480 --> 00:45:27,120
So now we can get into the rest of the website.

563
00:45:27,120 --> 00:45:30,480
Hey, not Jackie Chan in chat.

564
00:45:30,480 --> 00:45:32,520
Appreciate you so much.

565
00:45:32,520 --> 00:45:34,000
Thanks for tuning in.

566
00:45:34,000 --> 00:45:37,400
So now we can get to the rest of the website.

567
00:45:37,400 --> 00:45:46,260
And the rest of the website is after you get to, you know, after the how it works section

568
00:45:46,260 --> 00:45:52,280
and above the what's next section so that that's where you can start getting into the

569
00:45:52,280 --> 00:45:55,680
details of what changed, what you need to look out for.

570
00:45:55,680 --> 00:45:57,240
So here we go.

571
00:45:57,240 --> 00:46:00,080
Under the SIP categories.

572
00:46:00,080 --> 00:46:05,400
So under here under the SIP categories, SIP submissions have to fall under one of the

573
00:46:05,400 --> 00:46:08,720
following categories and these are the budgets.

574
00:46:08,720 --> 00:46:16,680
So if you go to at the top here under the dashboard, you'll see there's the the budget

575
00:46:16,680 --> 00:46:20,700
allocations and all of the budgets.

576
00:46:20,700 --> 00:46:25,240
But here are the categories, the new categories that you can apply for.

577
00:46:25,240 --> 00:46:31,560
So here are the new categories that you can apply for.

578
00:46:31,560 --> 00:46:33,360
The first one is the game content.

579
00:46:33,360 --> 00:46:35,720
So that's that's a pre existing budget.

580
00:46:35,720 --> 00:46:42,880
Those are SIPs focusing on enhancing the content and experiences available in the sandbox.

581
00:46:42,880 --> 00:46:48,680
The past SIP that they hold as an ideal SIP is the the game jam prize here.

582
00:46:48,680 --> 00:46:53,800
This was the game jam, Parasity Jam.

583
00:46:53,800 --> 00:46:56,220
As it's under the the old SIP format.

584
00:46:56,220 --> 00:47:00,580
So this TLDR, the SIP details, the description.

585
00:47:00,580 --> 00:47:03,600
This one did not pass because of Quorum.

586
00:47:03,600 --> 00:47:10,480
And then it had some the different events that they wanted to get funded to go to, rationale

587
00:47:10,480 --> 00:47:14,680
and benefit, implementation plan, resources required.

588
00:47:14,680 --> 00:47:16,800
Right there we'll go over that later.

589
00:47:16,800 --> 00:47:18,040
And successful in options.

590
00:47:18,040 --> 00:47:23,000
Okay, so there's the game jam, which is SIP number eight.

591
00:47:23,000 --> 00:47:28,160
That's a past SIP there and the metrics explained is active users, events created, numbers of

592
00:47:28,160 --> 00:47:29,400
attendees.

593
00:47:29,400 --> 00:47:31,640
The next category is sandbox for good.

594
00:47:31,640 --> 00:47:36,480
So SIP promoting charitable and socially responsible initiatives that use the platform and its

595
00:47:36,480 --> 00:47:40,400
resources for positive impact.

596
00:47:40,400 --> 00:47:47,300
And this the past ideal SIPs that they they quote two of them supporting Red Cross 2024.

597
00:47:47,300 --> 00:47:50,540
That was SIP number five here.

598
00:47:50,540 --> 00:47:55,900
And that was a Red Cross event, which by the way, just posted an update.

599
00:47:55,900 --> 00:48:00,600
So starting about 13 days ago, you can be part of the initiative if you go in and and

600
00:48:00,600 --> 00:48:06,680
purchase one of their NFTs, then you're eligible for the the prize pool.

601
00:48:06,680 --> 00:48:11,180
But that was SIP number five.

602
00:48:11,180 --> 00:48:15,400
And then carbon capture was the next ideal SIP that was quoted.

603
00:48:15,400 --> 00:48:18,540
That was SIP number four.

604
00:48:18,540 --> 00:48:25,400
And this one was about advocating for the removal of carbon dioxide through the purchase

605
00:48:25,400 --> 00:48:28,800
of tokens from a company.

606
00:48:28,800 --> 00:48:32,000
That passed as well.

607
00:48:32,000 --> 00:48:36,920
So both supporting Red Cross for 2024 and carbon capture system are formed by both past

608
00:48:36,920 --> 00:48:42,440
and the success metrics that are expected are now community engagement, funds raised,

609
00:48:42,440 --> 00:48:44,480
social impact outcomes.

610
00:48:44,480 --> 00:48:50,680
Okay, the next category is sand initiatives.

611
00:48:50,680 --> 00:48:56,160
A SIP whose initiative intends to inform about the sand token.

612
00:48:56,160 --> 00:49:04,160
And this is where you can do your creator days training a past SIP that they hold as

613
00:49:04,160 --> 00:49:06,880
the ideal SIP here is the ambassador program.

614
00:49:06,880 --> 00:49:07,880
This one did not pass.

615
00:49:07,880 --> 00:49:12,560
Excuse me, this one did pass.

616
00:49:12,560 --> 00:49:18,160
It only had about 50% quorum in the sandbox while it voted for it.

617
00:49:18,160 --> 00:49:22,680
And in the past couple days and with this 27 million voting power and it passed after

618
00:49:22,680 --> 00:49:25,840
that it did have a yes vote.

619
00:49:25,840 --> 00:49:31,920
So this was the ambassador program which restructured the ambassador program and offered new a new

620
00:49:31,920 --> 00:49:38,800
age of ambassadors different ambassador has that you can take.

621
00:49:38,800 --> 00:49:44,640
And then there's some success metrics expected engagement metrics, mentions and media numbers

622
00:49:44,640 --> 00:49:48,280
of attendees and return on investment.

623
00:49:48,280 --> 00:49:51,240
Okay, then NFTs.

624
00:49:51,240 --> 00:49:57,320
The NFT SIP category is a SIP that leverages NFTs to drive engagement, revenue and partnership

625
00:49:57,320 --> 00:49:59,600
within the sandbox.

626
00:49:59,600 --> 00:50:05,440
And things like that could be buying an NFT or a collection, organize an NFT event to

627
00:50:05,440 --> 00:50:09,800
showcase sandbox DAO TSB collection.

628
00:50:09,800 --> 00:50:11,880
It doesn't cite a specific article.

629
00:50:11,880 --> 00:50:17,640
All right, see me a SIP, however, that that language is exactly the language that SIP

630
00:50:17,640 --> 00:50:21,720
nine was which was the mandate for DAO NFT collection.

631
00:50:21,720 --> 00:50:26,280
So that one did not reach quorum so it was not passed.

632
00:50:26,280 --> 00:50:27,600
Okay.

633
00:50:27,600 --> 00:50:34,760
And then, so I had an interview with off what on that one who was the SIP author, wonderful,

634
00:50:34,760 --> 00:50:40,620
wonderful person, I hope he resubmits this SIP and tries to get it passed.

635
00:50:40,620 --> 00:50:49,200
But the multimillion dollar NFT collection coming from some of the sandbox collections

636
00:50:49,200 --> 00:50:50,840
was going to be transferred to the DAO.

637
00:50:50,840 --> 00:50:53,960
I haven't really heard an update on that.

638
00:50:53,960 --> 00:50:58,720
Not sure if if that happened or not.

639
00:50:58,720 --> 00:51:05,840
But here here's a SIP that showcases very closely to what the website says of buying

640
00:51:05,840 --> 00:51:12,480
an NFT or or or a collection and then organizing an NFT event.

641
00:51:12,480 --> 00:51:17,480
That one also was a SIP that did not pass quorum.

642
00:51:17,480 --> 00:51:23,040
That one was the SIP number 10, the budget for blockchain events in Asia and Latin America,

643
00:51:23,040 --> 00:51:29,880
which was to showcase a lot of the sandbox game and the sandbox DAO as well and increase

644
00:51:29,880 --> 00:51:33,180
the sandboxes presence and key regional markets.

645
00:51:33,180 --> 00:51:37,760
So that that tracks very closely to what this was discussing, but it didn't.

646
00:51:37,760 --> 00:51:40,440
I reference these as ideal SIPs.

647
00:51:40,440 --> 00:51:45,000
Unsure why under success metrics expected here.

648
00:51:45,000 --> 00:51:49,080
There's media exposure, NFT sales and NFT holders.

649
00:51:49,080 --> 00:51:51,900
The next SIP category is platform.

650
00:51:51,900 --> 00:51:56,640
So this is a SIP that improves the platform's functionality, security, players and creators

651
00:51:56,640 --> 00:51:57,640
experience.

652
00:51:57,640 --> 00:52:03,560
You would do this SIP if you were to develop an external product or feature to enhance

653
00:52:03,560 --> 00:52:09,880
the sandbox experience or if you have a modification to the sandbox software suite, see feature

654
00:52:09,880 --> 00:52:13,200
request pass SIP here is the magic palette.

655
00:52:13,200 --> 00:52:15,320
Like I mentioned, SIP number six.

656
00:52:15,320 --> 00:52:19,080
This was the first community SIP that passed.

657
00:52:19,080 --> 00:52:23,480
And this is the first community SIP for the community and wonderful, wonderful thing.

658
00:52:23,480 --> 00:52:28,400
We've done three episode through four with Pepe from Sandrush, who is the creator of

659
00:52:28,400 --> 00:52:32,720
Magic Palette, which they're getting very close to finishing to offer to the community

660
00:52:32,720 --> 00:52:40,000
and Magic Palette being that key to transforming an empty land into a playable experience with

661
00:52:40,000 --> 00:52:47,680
a much more streamlined process using VoxEdit and some expedited game maker functions that

662
00:52:47,680 --> 00:52:50,600
they're creating.

663
00:52:50,600 --> 00:52:56,000
And then the success metrics expected is publishing product or new features in the production,

664
00:52:56,000 --> 00:53:01,320
providing uses metrics, time efficiency, retention rate.

665
00:53:01,320 --> 00:53:06,600
And the last category is SIP feature.

666
00:53:06,600 --> 00:53:11,720
Feature requests are suggestions for improvement or new functionalities related to game client,

667
00:53:11,720 --> 00:53:15,000
VoxEdit, game creator and launcher.

668
00:53:15,000 --> 00:53:19,200
It further says if you're encountering a problem or have an idea for a new feature, you can

669
00:53:19,200 --> 00:53:21,480
submit it through our form.

670
00:53:21,480 --> 00:53:29,360
By form, they actually mean they mean on the subforum under the features request, not the

671
00:53:29,360 --> 00:53:33,600
SIP form for the type form link.

672
00:53:33,600 --> 00:53:34,600
Very important distinction.

673
00:53:34,600 --> 00:53:38,840
It's not exactly specified here, but that's what they mean when you when you go down the

674
00:53:38,840 --> 00:53:40,320
rabbit hole.

675
00:53:40,320 --> 00:53:42,860
Simply describe the issue you're facing in the form.

676
00:53:42,860 --> 00:53:47,640
And if deemed a current priority, the sandbox product teams will evaluate and work on potential

677
00:53:47,640 --> 00:53:52,720
solutions, the budget associated with those requests is platform.

678
00:53:52,720 --> 00:53:59,240
Okay, so those are the SIP categories.

679
00:53:59,240 --> 00:54:03,800
So we go back to our slide here.

680
00:54:03,800 --> 00:54:13,360
And in our slide, one of the things that that we make note of is that is that here in the

681
00:54:13,360 --> 00:54:20,960
so the SIP submissions have to fall under the one of the following categories.

682
00:54:20,960 --> 00:54:23,080
So we just went over those categories.

683
00:54:23,080 --> 00:54:25,120
Game content.

684
00:54:25,120 --> 00:54:33,480
It mentioned game jam prize as its passive sandbox for good sand initiatives.

685
00:54:33,480 --> 00:54:40,200
Understand initiatives what I noted was that the specifically there, the ideal SIP passive,

686
00:54:40,200 --> 00:54:45,920
which it noted was the ambassador program is is a little inconsistent with my personal

687
00:54:45,920 --> 00:54:47,120
experience.

688
00:54:47,120 --> 00:54:50,300
So what they they hold up as the ambassador program.

689
00:54:50,300 --> 00:54:55,080
So what you can see here, it probably needs some clarity.

690
00:54:55,080 --> 00:55:01,680
But as you can see, let's just zero in on what I mentioned earlier, under has all of

691
00:55:01,680 --> 00:55:08,920
the the old sections, but under the budget requested, it just has a $400,000 marker here

692
00:55:08,920 --> 00:55:11,520
doesn't really go into much more detail.

693
00:55:11,520 --> 00:55:18,880
It has a couple milestones, which is no longer consistent with the new tiered approach.

694
00:55:18,880 --> 00:55:27,440
But that aside, so my my Sandow podcast here, it's still in SIP ideas.

695
00:55:27,440 --> 00:55:32,480
And I submitted about 100 and 100 something days ago.

696
00:55:32,480 --> 00:55:39,240
So when I went back and forth with the under the Dow admin team review, I had to end up.

697
00:55:39,240 --> 00:55:48,640
You don't see it here, but I had to end up extrapolating my budget ask into a very, very

698
00:55:48,640 --> 00:55:54,560
detailed lengthy estimate.

699
00:55:54,560 --> 00:55:59,300
And you know, like labor rate times hours, and then all the all the people.

700
00:55:59,300 --> 00:56:05,960
So very, very detailed cost estimate with with direct labor, indirect labor overhead,

701
00:56:05,960 --> 00:56:07,280
all of that.

702
00:56:07,280 --> 00:56:12,640
But here in the ambassador program, they they did not do that.

703
00:56:12,640 --> 00:56:15,320
It just said overall budget is 400,000.

704
00:56:15,320 --> 00:56:23,040
So there there's, if you're using that link to these past tips to inform you of how to

705
00:56:23,040 --> 00:56:29,720
do the new sips based on my experience with the six that I've submitted, there's more

706
00:56:29,720 --> 00:56:38,800
required than just one number you see the Dow admin team seems to want a more detailed

707
00:56:38,800 --> 00:56:40,040
cost estimate.

708
00:56:40,040 --> 00:56:44,280
So just a little bit more clarity there would probably help.

709
00:56:44,280 --> 00:56:46,480
And it is something I'm going through myself right now.

710
00:56:46,480 --> 00:56:53,240
But our world's team that we submitted our six to the Dow admin team, which was before

711
00:56:53,240 --> 00:56:56,240
this new process.

712
00:56:56,240 --> 00:57:00,320
So the next one was the NFT category.

713
00:57:00,320 --> 00:57:07,440
And this one, the one they mentioned there was the mandate for the Dow NFT collection.

714
00:57:07,440 --> 00:57:10,200
And this one didn't didn't reach quorum.

715
00:57:10,200 --> 00:57:13,360
As I mentioned, I really hope Arthmore does resubmit.

716
00:57:13,360 --> 00:57:19,920
We had a podcast episode, I believe it was episode 11.

717
00:57:19,920 --> 00:57:30,080
And that and that was Yeah, I really hope he resubmits under platform the passive that's

718
00:57:30,080 --> 00:57:34,060
talked about there is the first community sip.

719
00:57:34,060 --> 00:57:37,280
And then we get to the feature request.

720
00:57:37,280 --> 00:57:45,320
So if you dig a little deeper in the feature request, we covered that in in

721
00:57:45,320 --> 00:57:49,720
excuse me, the first community step under the previous bullets, we we did already go

722
00:57:49,720 --> 00:57:54,920
over what that looked like under Episode 34 with Pet Pet from San Rush.

723
00:57:54,920 --> 00:57:58,560
Okay, so the last one is a feature request.

724
00:57:58,560 --> 00:58:02,460
So that one's a little bit of a of a of a throwaway.

725
00:58:02,460 --> 00:58:06,800
Because if you delve into the details of that, if you have a suggestion for improvements

726
00:58:06,800 --> 00:58:11,440
or new functionalities, you submit it, it says submit it through our form.

727
00:58:11,440 --> 00:58:14,320
But it's not what they're not saying that sip is allowed there.

728
00:58:14,320 --> 00:58:19,120
What they're saying is, submit it through the Dow features request subforum.

729
00:58:19,120 --> 00:58:26,880
So if you click go to that link of that features request here is under the help and resources

730
00:58:26,880 --> 00:58:34,640
forum and then Dow features request subforum, where you can ask for things to be improved.

731
00:58:34,640 --> 00:58:41,920
And they explained all their reasoning there in the the medium article that Episode 33

732
00:58:41,920 --> 00:58:47,440
here boarding and connecting the Dow to a third party system.

733
00:58:47,440 --> 00:58:52,840
The good news is, there is no need to do a sip for that.

734
00:58:52,840 --> 00:58:56,840
What I noted there in that sentence, there is no need to do a sip for that.

735
00:58:56,840 --> 00:59:02,400
My question is, shouldn't the responsibility for determining what needs to be a sip fall

736
00:59:02,400 --> 00:59:04,800
on the sandbox community and the Dow voters?

737
00:59:04,800 --> 00:59:05,800
This was podcast 33.

738
00:59:05,800 --> 00:59:07,520
I thought that was the point of the Dow.

739
00:59:07,520 --> 00:59:10,120
For us to determine what needs to be a sip.

740
00:59:10,120 --> 00:59:13,920
And the voters confirmed that it yes indeed that should be a sip and a proposal worth

741
00:59:13,920 --> 00:59:14,920
passing.

742
00:59:14,920 --> 00:59:20,760
Alright, the next section of the article reads, community members can simply make a suggestion

743
00:59:20,760 --> 00:59:22,960
through the dedicated discourse channel.

744
00:59:22,960 --> 00:59:30,800
If you click that link there, it will bring you to and the Dow forums under help and resources

745
00:59:30,800 --> 00:59:34,800
forum and under there the Dow.

746
00:59:34,800 --> 00:59:35,800
So there it is.

747
00:59:35,800 --> 00:59:41,660
So on the the medium article, it explains the reasoning why features requests are now

748
00:59:41,660 --> 00:59:44,320
on the subforum and not via a sip.

749
00:59:44,320 --> 00:59:47,160
And I covered that in Episode 33.

750
00:59:47,160 --> 00:59:51,680
Okay, episode.

751
00:59:51,680 --> 00:59:55,640
Here's where things you can start to compare the changes.

752
00:59:55,640 --> 01:00:00,760
So the thing that changed the most is the number of budget categories that are mentioned.

753
01:00:00,760 --> 01:00:08,160
So as I meant, as I said earlier, if you go to the sandbox Dow website, you can go to

754
01:00:08,160 --> 01:00:17,040
here, you go under the dashboard, you'll see nine budget categories.

755
01:00:17,040 --> 01:00:22,680
Previously, you could submit for these nine sand initiatives, live ops, game content,

756
01:00:22,680 --> 01:00:30,100
other operations, staking sandbox for good platform, and not an NFT.

757
01:00:30,100 --> 01:00:33,900
So those were your nine in the May 2024 process.

758
01:00:33,900 --> 01:00:37,520
The new process.

759
01:00:37,520 --> 01:00:48,400
This new process here speaks to only mentions five of those nine.

760
01:00:48,400 --> 01:00:54,560
So only five now are are.

761
01:00:54,560 --> 01:00:55,560
That's not what I wanted.

762
01:00:55,560 --> 01:00:57,520
Okay, here we go.

763
01:00:57,520 --> 01:01:00,840
So only five now are seen to be allowed.

764
01:01:00,840 --> 01:01:06,480
I'm not 100% sure but they mentioned that these are the categories that you will use

765
01:01:06,480 --> 01:01:07,640
from now on.

766
01:01:07,640 --> 01:01:17,160
And there's just the five and the five are the game content sandbox for good sand initiatives,

767
01:01:17,160 --> 01:01:21,140
NFT and platform features request uses platform budget.

768
01:01:21,140 --> 01:01:23,960
So that one doesn't count.

769
01:01:23,960 --> 01:01:30,040
If you were to count the budget for those using the dashboard, and I go and what I use

770
01:01:30,040 --> 01:01:32,800
is I use the checkbook that we go over.

771
01:01:32,800 --> 01:01:37,440
I went over in the beginning, we here the sandbox checkbook.

772
01:01:37,440 --> 01:01:43,000
So I just kind of counted the the budgets for each.

773
01:01:43,000 --> 01:01:51,800
So if you count the budgets for each, then what you end with is 7.4 million sand, which

774
01:01:51,800 --> 01:02:00,200
is approximately 47% of the budget that's mentioned that you can apply for with your

775
01:02:00,200 --> 01:02:01,200
SIP.

776
01:02:01,200 --> 01:02:08,760
What's not mentioned are the four budget categories staking live ops operations and other that

777
01:02:08,760 --> 01:02:14,040
accounts for 8.1 million, which is about 52% of the full budget.

778
01:02:14,040 --> 01:02:16,040
So that's the that's the big change.

779
01:02:16,040 --> 01:02:21,120
And my recommendation to the Dell team is to please clarify the intent behind the unmentioned

780
01:02:21,120 --> 01:02:22,120
categories.

781
01:02:22,120 --> 01:02:30,640
Does that mean that 8.1 million is now inaccessible to to the invited SIP authors?

782
01:02:30,640 --> 01:02:33,800
That would be really helpful to know.

783
01:02:33,800 --> 01:02:40,200
I think I have a few of my SIPs that are in live ops or other.

784
01:02:40,200 --> 01:02:46,720
And so what happens to the current SIPs like mine and and some of the many others that

785
01:02:46,720 --> 01:02:54,000
were that mentioned are listed in the queue for when Cyril posted his biweekly updates

786
01:02:54,000 --> 01:02:56,040
and the Dow announcements.

787
01:02:56,040 --> 01:03:00,240
What happens to our SIPs that are already in the queue?

788
01:03:00,240 --> 01:03:02,800
Do they continue with the process?

789
01:03:02,800 --> 01:03:05,960
Do they have to resubmit?

790
01:03:05,960 --> 01:03:07,520
How does that work?

791
01:03:07,520 --> 01:03:14,560
And I'm most especially interested in how does that work with the budgets that aren't

792
01:03:14,560 --> 01:03:18,440
mentioned that you can no longer apply for.

793
01:03:18,440 --> 01:03:20,760
So please please add a little clarity there.

794
01:03:20,760 --> 01:03:24,320
I think that would be really really helpful and appreciated.

795
01:03:24,320 --> 01:03:38,520
Okay, so that is the that is all of the SIP categories under under guidelines.

796
01:03:38,520 --> 01:03:43,960
Okay, so what is next after that?

797
01:03:43,960 --> 01:03:45,760
Let's take a look.

798
01:03:45,760 --> 01:03:51,120
So after SIP categories, scroll down and beneath that you'll see SIP budget requested.

799
01:03:51,120 --> 01:03:54,640
All right, and this is what we'll get into the tiers I mentioned a little bit earlier.

800
01:03:54,640 --> 01:03:59,120
So under the SIP budget requested reading from the website, when submitting your SIP,

801
01:03:59,120 --> 01:04:04,160
it is important to outline a clear and justified budget based on the scope and goals of your

802
01:04:04,160 --> 01:04:05,160
project.

803
01:04:05,160 --> 01:04:10,640
Mutually agreed upon milestones ensure that funding is provided progressively as your

804
01:04:10,640 --> 01:04:12,840
project delivers on its promises.

805
01:04:12,840 --> 01:04:17,600
This encourages accountability and ensures that resources are allocated efficiently through

806
01:04:17,600 --> 01:04:18,960
the project lifecycle.

807
01:04:18,960 --> 01:04:21,880
Okay, now there's three new tiers.

808
01:04:21,880 --> 01:04:29,320
So for SIPs, zero up to 100, excuse me, zero up to 50,000 sand, the budget requested must

809
01:04:29,320 --> 01:04:36,080
be in euros, US dollars or sand, the payout can only be in sand, and you have to have

810
01:04:36,080 --> 01:04:39,160
at least two milestones.

811
01:04:39,160 --> 01:04:45,680
For tier number two, if your SIP is between 50,000 and 200,000 sand, then your budget

812
01:04:45,680 --> 01:04:50,920
requested must still be in either Europe, US dollars or sand.

813
01:04:50,920 --> 01:04:57,360
Your payout is still only sand, but your milestones required must be at least three.

814
01:04:57,360 --> 01:05:02,020
Then tier three is SIPs that have more than 200,000 sand requested.

815
01:05:02,020 --> 01:05:08,080
The budget requested must be in still the same European euros, US dollars or sand, and

816
01:05:08,080 --> 01:05:13,040
the payout currency must be sand, your milestones required must be five.

817
01:05:13,040 --> 01:05:19,480
So you go from two, three and five for the three tiers.

818
01:05:19,480 --> 01:05:23,840
The difference is being the dollar thresholds.

819
01:05:23,840 --> 01:05:29,400
Then down there, the bottom, there's a fine print here that we're going to read.

820
01:05:29,400 --> 01:05:35,400
The fine print here at the bottom says all requested budget and fiat currency, which

821
01:05:35,400 --> 01:05:40,680
is euros, US dollars, will be paid in sand.

822
01:05:40,680 --> 01:05:47,640
We guarantee 70% of the requested budget in US dollar terms at the time the proposal is

823
01:05:47,640 --> 01:05:52,260
published for discussion in SIP draft subform.

824
01:05:52,260 --> 01:05:59,760
To manage excessive forex volatility, we cap our financial commitment at 110% of the requested

825
01:05:59,760 --> 01:06:02,440
budget in US dollar terms.

826
01:06:02,440 --> 01:06:10,320
All right, so it's a very important fine print that will affect you as a SIP author and as

827
01:06:10,320 --> 01:06:15,400
a business person trying to get your SIP funded and then deliver and SIP implementation.

828
01:06:15,400 --> 01:06:19,280
And we'll go over that here, why that's so important.

829
01:06:19,280 --> 01:06:23,520
All right, so that's the SIP budget requested.

830
01:06:23,520 --> 01:06:29,840
Then we return back to the slide where we have the notes that I prepared.

831
01:06:29,840 --> 01:06:39,240
Okay, so under the SIP budget requested, the very first thing is that all the tiers look

832
01:06:39,240 --> 01:06:43,460
the same except for the milestones that are required.

833
01:06:43,460 --> 01:06:50,400
So you've got different dollar thresholds, zero to 50 is two, 50 to 200 is three, and

834
01:06:50,400 --> 01:06:52,160
200 plus is five.

835
01:06:52,160 --> 01:06:57,320
There didn't seem to be any other difference between them.

836
01:06:57,320 --> 01:06:59,560
So okay, got it.

837
01:06:59,560 --> 01:07:08,400
So the milestones change when your, the milestones increase by three, or by one and then two

838
01:07:08,400 --> 01:07:10,560
for three tiers.

839
01:07:10,560 --> 01:07:15,600
And then we get to here, the mutually agreed milestones.

840
01:07:15,600 --> 01:07:19,000
I read that there.

841
01:07:19,000 --> 01:07:23,920
So this is an important phrase, because as I've learned in my personal experience going

842
01:07:23,920 --> 01:07:32,080
through six SIP submissions, is that mutually agreed milestones is what the Dow team uses

843
01:07:32,080 --> 01:07:36,800
to interpret when a SIP is ready to go to vote.

844
01:07:36,800 --> 01:07:46,040
So your SIP won't proceed past them unless you have mutually agreed milestones, meaning

845
01:07:46,040 --> 01:07:49,520
you agree on the milestones and the Dow admin team agrees on the milestones.

846
01:07:49,520 --> 01:07:53,580
All right, so that's my personal experience.

847
01:07:53,580 --> 01:08:01,120
SIP number 14 here took me 78 days to go through the process.

848
01:08:01,120 --> 01:08:06,000
And so we, it took 78 days to reach mutually agreed upon milestones.

849
01:08:06,000 --> 01:08:09,800
And my longest SIP right now is 124 days.

850
01:08:09,800 --> 01:08:14,120
So that's SIP number two, which is the the end game filter.

851
01:08:14,120 --> 01:08:18,680
So you know, you run around in game, you have a lot of NFTs, you click the inventory right

852
01:08:18,680 --> 01:08:26,280
now, it's this big, big long list of your NFTs you have to hunt for what you after,

853
01:08:26,280 --> 01:08:27,840
and then double click.

854
01:08:27,840 --> 01:08:34,120
My SIP number two is install a filter in the game.

855
01:08:34,120 --> 01:08:41,640
So where you can click, I want a power item that's above 70 and a sword on my hand.

856
01:08:41,640 --> 01:08:46,600
And then it will, it will filter your big NFT list down to what you filter to.

857
01:08:46,600 --> 01:08:50,000
So if you only want speed items, then you click the filter for speed, and so on and

858
01:08:50,000 --> 01:08:51,000
so forth.

859
01:08:51,000 --> 01:08:57,920
So that one right now is at 124 day mark, since I submitted it 124 days ago.

860
01:08:57,920 --> 01:09:04,120
So my recommendation here would be to, to install a limitation to the mutually agreed

861
01:09:04,120 --> 01:09:06,040
upon milestones.

862
01:09:06,040 --> 01:09:11,120
Hopefully I would recommend install it to three months or 90 days, anything longer than

863
01:09:11,120 --> 01:09:12,120
that.

864
01:09:12,120 --> 01:09:16,120
And unless the SIP authors is dragging their feet with, you know, waiting weeks to respond

865
01:09:16,120 --> 01:09:22,080
to run out the clock, then then that can be kind of a, then you can, you have every reason

866
01:09:22,080 --> 01:09:23,080
to continue.

867
01:09:23,080 --> 01:09:29,360
But if you have a very diligent SIP author, then three months of diligence and working

868
01:09:29,360 --> 01:09:35,240
through mutually agreed upon milestones should be the time limit to, to progress that along

869
01:09:35,240 --> 01:09:37,720
the process.

870
01:09:37,720 --> 01:09:44,720
And then this is something that I was having a hard time seeing the incentive here for

871
01:09:44,720 --> 01:09:48,120
the DAO admin team to process things in a timely manner.

872
01:09:48,120 --> 01:09:53,880
So just mutually agreed upon milestones mean that the DAO admin team can take its time

873
01:09:53,880 --> 01:10:02,960
and where that on one end means a better SIP, on the other end means a SIP that never leaves

874
01:10:02,960 --> 01:10:05,000
that step.

875
01:10:05,000 --> 01:10:14,480
So I recommend a little bit of clarity there and installing a standard to which business

876
01:10:14,480 --> 01:10:20,280
people, SIP authors can expect when we're planning because there is so much that goes

877
01:10:20,280 --> 01:10:23,120
behind a SIP, authoring a SIP.

878
01:10:23,120 --> 01:10:27,200
And I'm going to be doing a podcast on it that I'm going to probably incorporate in

879
01:10:27,200 --> 01:10:33,200
the business of sandbox podcast episode, where, like I said, I've done six, I have business

880
01:10:33,200 --> 01:10:40,560
entities, partners, some of them are some of the top consulting firms in the world,

881
01:10:40,560 --> 01:10:47,040
where I've garnered relationships and contacts who will partner, who are standing by to partner

882
01:10:47,040 --> 01:10:51,120
with me on, on some of my SIPs that I've submitted so far.

883
01:10:51,120 --> 01:10:56,560
They're waiting to clear this part of the process so that they can proceed to vote and

884
01:10:56,560 --> 01:11:01,100
so that I can, if it passes, get to SIP implementation.

885
01:11:01,100 --> 01:11:06,160
But if it remains in this forever, then the message then becomes like, like I had to update

886
01:11:06,160 --> 01:11:13,480
them just the other day that it's still in this step, it hasn't progressed and sorry,

887
01:11:13,480 --> 01:11:16,700
we have to just wait for the process to unfold.

888
01:11:16,700 --> 01:11:21,520
And for business entities and partnership agreements that have to be done in order to

889
01:11:21,520 --> 01:11:28,000
make these SIPs worthy of being voted on, it's just too much to expect that there's

890
01:11:28,000 --> 01:11:33,600
a limitless time slot for it to proceed past this.

891
01:11:33,600 --> 01:11:40,600
So that's my recommendation and impose a timeline there so that business people and SIP authors

892
01:11:40,600 --> 01:11:46,000
can plan their business solutions in this SIP authorship program.

893
01:11:46,000 --> 01:11:48,160
All right, and here's the next part.

894
01:11:48,160 --> 01:11:54,920
It's very, very interesting thing, very important thing to consider here is that fine print

895
01:11:54,920 --> 01:12:00,200
where it said, we guarantee 70% of the requested budget and US dollars at the time the proposal

896
01:12:00,200 --> 01:12:04,400
is published for discussion in this in SIP draft.

897
01:12:04,400 --> 01:12:05,400
Okay.

898
01:12:05,400 --> 01:12:10,360
So, the first thing is, I don't know what the Dow team is referring to when they say

899
01:12:10,360 --> 01:12:15,120
they're guaranteeing the requested budget.

900
01:12:15,120 --> 01:12:20,400
So I'm not really sure exactly what the 70% is guaranteeing.

901
01:12:20,400 --> 01:12:24,640
I think we'll just keep going because the volatility thing doesn't really answer that

902
01:12:24,640 --> 01:12:26,920
problem or that question.

903
01:12:26,920 --> 01:12:33,400
So my first my first recommendation is to change SIP draft to SIP active.

904
01:12:33,400 --> 01:12:42,960
Okay, so when you're talking about the process, when you get to when you get to SIP draft

905
01:12:42,960 --> 01:12:48,120
here, actually, it's probably better if we do this one here.

906
01:12:48,120 --> 01:12:54,640
Okay, so SIP draft happens at step number six.

907
01:12:54,640 --> 01:12:59,320
Okay, set number six here public discussion.

908
01:12:59,320 --> 01:13:02,680
However, you still have to go through a 14 day period.

909
01:13:02,680 --> 01:13:03,680
Right.

910
01:13:03,680 --> 01:13:06,560
So that public discussion still has to make it through a 14 day period.

911
01:13:06,560 --> 01:13:12,000
So when it starts counting from SIP draft, the clock starts at 14 day period, but you

912
01:13:12,000 --> 01:13:13,000
can't go to vote yet.

913
01:13:13,000 --> 01:13:19,280
So you're stuck for those 14 days, just waiting for the volatility to change that the price

914
01:13:19,280 --> 01:13:26,240
of sand changes every day, and that's the forex volatility that that the fine print

915
01:13:26,240 --> 01:13:27,240
notes.

916
01:13:27,240 --> 01:13:31,480
And then once you get to the step number seven, you get to voting the snapshot, you then go

917
01:13:31,480 --> 01:13:35,040
through a 14 day period just to vote.

918
01:13:35,040 --> 01:13:38,360
So that's, that's 30 days.

919
01:13:38,360 --> 01:13:43,040
That's 30 days before you get to actually start to get to the point where you can invoice

920
01:13:43,040 --> 01:13:44,100
for payment.

921
01:13:44,100 --> 01:13:47,920
And that's not even counting the milestones that progressively pay you.

922
01:13:47,920 --> 01:13:52,520
Right, so you have to have two, three and five milestones depending on your, if you

923
01:13:52,520 --> 01:13:56,840
have five milestones, you're not getting paid in full for, it could be months.

924
01:13:56,840 --> 01:14:04,040
So not just 30 days, but at a minimum, you have to, you have to stomach a 30 day forex

925
01:14:04,040 --> 01:14:12,880
volatility before you're able to be paid one, $1 a sand, which could have changed up or

926
01:14:12,880 --> 01:14:17,520
down 200% more or less.

927
01:14:17,520 --> 01:14:21,100
That's just how cryptocurrency goes.

928
01:14:21,100 --> 01:14:27,800
So that's why I say change SIP draft to SIP active because at least you save us on 14

929
01:14:27,800 --> 01:14:31,900
days and the price can still change after SIP discussion.

930
01:14:31,900 --> 01:14:40,300
So what the price that you submit here could just change again here based on what you,

931
01:14:40,300 --> 01:14:42,360
you make changes to.

932
01:14:42,360 --> 01:14:46,880
So you're not, we're not really losing out on changing it to active.

933
01:14:46,880 --> 01:14:55,360
So that's my recommendation is change it to SIP active instead of draft.

934
01:14:55,360 --> 01:15:03,480
And so what I noted here below was I pulled from CoinGecko the seven day range, just so

935
01:15:03,480 --> 01:15:13,640
you can see the seven day range for a according to CoinGecko a few days ago was 14% change.

936
01:15:13,640 --> 01:15:18,500
So anywhere from 25 cents to 29 cents.

937
01:15:18,500 --> 01:15:24,040
And the higher your SIP is, the more that hurts.

938
01:15:24,040 --> 01:15:29,600
So that I'm not really sure how the 70% guarantees that I can't, I couldn't really figure out

939
01:15:29,600 --> 01:15:31,700
the math on that one.

940
01:15:31,700 --> 01:15:40,960
But what is certain is that that volatility already proves itself to be 15% change just

941
01:15:40,960 --> 01:15:41,960
recently.

942
01:15:41,960 --> 01:15:46,040
Okay, and then I pulled it again and got another number.

943
01:15:46,040 --> 01:15:55,840
But within a 30 day period, CoinGecko noted a 12% change and with a year period, a 22%

944
01:15:55,840 --> 01:15:56,840
change.

945
01:15:56,840 --> 01:16:05,080
So this, this, this is significant to a SIP author and to a business person trying to

946
01:16:05,080 --> 01:16:06,800
run a business.

947
01:16:06,800 --> 01:16:12,120
It's, there's a lot that can go wrong here.

948
01:16:12,120 --> 01:16:17,600
So what immediately what this does off the bat is it disincentivizes any high budget

949
01:16:17,600 --> 01:16:23,560
SIPs, which might be a good thing, might be what the Dow team is aiming for here.

950
01:16:23,560 --> 01:16:25,720
You know, this, this tier three.

951
01:16:25,720 --> 01:16:32,040
So it might be to reduce the number of tier threes that gets submitted or even tier twos.

952
01:16:32,040 --> 01:16:35,280
But also with that high budget comes high value.

953
01:16:35,280 --> 01:16:38,720
So you would expect high budget, high value.

954
01:16:38,720 --> 01:16:44,800
And with the new SIP process, it is geared to ensure that high budget SIPs go through

955
01:16:44,800 --> 01:16:49,520
a multiple step, an eight step process, whereas before it was five.

956
01:16:49,520 --> 01:16:56,000
And now that should ensure high value comes out of high budget SIPs.

957
01:16:56,000 --> 01:17:01,400
So it disincentivizes those high value requests and long term projects.

958
01:17:01,400 --> 01:17:05,480
The longer your project goes on, the more SIP goes up and down.

959
01:17:05,480 --> 01:17:12,600
And then when you reach a certain point, you start losing significant money on an approved

960
01:17:12,600 --> 01:17:14,240
SIP.

961
01:17:14,240 --> 01:17:16,360
I'm not really sure what my recommendation is here.

962
01:17:16,360 --> 01:17:23,800
I ran out of time before I wanted to do this episode and running the math as to what I

963
01:17:23,800 --> 01:17:27,360
would recommend.

964
01:17:27,360 --> 01:17:31,360
I'll keep going because I have at least a semblance of it, but I'm not really sure what

965
01:17:31,360 --> 01:17:36,160
to change that 70% to because I'm still not exactly sure what it's guaranteeing.

966
01:17:36,160 --> 01:17:39,080
I think I'm going to need the Dow team to help me out there.

967
01:17:39,080 --> 01:17:45,920
It's not clear to me what is being guaranteed and how that masks out with budget numbers.

968
01:17:45,920 --> 01:17:53,480
But if you know, I'm going to post a thread on the admin forum.

969
01:17:53,480 --> 01:17:54,480
Please help me.

970
01:17:54,480 --> 01:17:56,620
Please help me understand that remark.

971
01:17:56,620 --> 01:18:00,680
So the short experience here, 90 days, right?

972
01:18:00,680 --> 01:18:03,680
So we established that in the Dow process.

973
01:18:03,680 --> 01:18:08,800
If you were to count the number of steps in the process at a minimum, it looks like there's

974
01:18:08,800 --> 01:18:12,200
now a 90 day period to get through.

975
01:18:12,200 --> 01:18:15,560
Maximum could be upwards of 270 days.

976
01:18:15,560 --> 01:18:21,200
And again, that was me pulling numbers from my SIP experiences, which I submitted six

977
01:18:21,200 --> 01:18:27,560
and then other SIP experiences and other authors of which we've, we've interviewed over 10

978
01:18:27,560 --> 01:18:30,520
at this point.

979
01:18:30,520 --> 01:18:42,920
So yeah, so it could be anywhere from 90 days to 270 days when your SIP goes to draft here

980
01:18:42,920 --> 01:18:48,440
to when, when it goes to vote.

981
01:18:48,440 --> 01:18:52,200
So that's either a short experience or it's a very long experience.

982
01:18:52,200 --> 01:18:58,560
And both experiences incur a significant risk to a business person like myself, a SIP author,

983
01:18:58,560 --> 01:19:00,440
and their sand volatility.

984
01:19:00,440 --> 01:19:04,940
Like I mentioned, the seven day range just last week was 14%.

985
01:19:04,940 --> 01:19:08,440
A few days ago, it now shows as 7.4%.

986
01:19:08,440 --> 01:19:10,720
You see how fast that changed a week.

987
01:19:10,720 --> 01:19:13,840
It went from 14% to 7.4%.

988
01:19:13,840 --> 01:19:18,560
Excuse me, let's go down.

989
01:19:18,560 --> 01:19:24,520
So the next part of the fine print was the excessive volatility part.

990
01:19:24,520 --> 01:19:28,960
So the excessive volatility, I got, I got a little bit more specifics on because that

991
01:19:28,960 --> 01:19:30,960
math was a little bit more straightforward.

992
01:19:30,960 --> 01:19:38,220
So it read to manage excessive for FXs foreign exchange volatility, we cap our financial

993
01:19:38,220 --> 01:19:43,400
commitment at 110% of the requested budget in USD.

994
01:19:43,400 --> 01:19:45,240
So let's math that out for a second.

995
01:19:45,240 --> 01:19:51,720
Here's your examples for $50,000 SIP, or I'm sorry, 50,000 sand SIP.

996
01:19:51,720 --> 01:19:56,200
110% of that is 55,000.

997
01:19:56,200 --> 01:19:59,760
So meaning, no matter how much it changes, and I'm not really sure that's why I'm not

998
01:19:59,760 --> 01:20:02,320
sure what the 70% means.

999
01:20:02,320 --> 01:20:07,040
So 110%.

1000
01:20:07,040 --> 01:20:13,320
I think what that might mean actually now is that it, it won't go below 70%.

1001
01:20:13,320 --> 01:20:16,360
Maybe it's not really clear.

1002
01:20:16,360 --> 01:20:17,760
So I recommend clarity there.

1003
01:20:17,760 --> 01:20:27,160
In any case, for the 50,000 sand SIP, if you go to above 110%, then you will not get paid

1004
01:20:27,160 --> 01:20:29,320
more than 55,000 sand.

1005
01:20:29,320 --> 01:20:31,280
That's only a 5,000 sand buffer.

1006
01:20:31,280 --> 01:20:37,880
And if you are an experienced business person in sandbox, that is not large at all.

1007
01:20:37,880 --> 01:20:39,140
That is small.

1008
01:20:39,140 --> 01:20:42,280
That is extremely small.

1009
01:20:42,280 --> 01:20:49,120
So yeah, so 50,000 sand limits exposure to...

1010
01:20:49,120 --> 01:20:52,440
Okay, there we go.

1011
01:20:52,440 --> 01:20:56,920
So my recommendation is to change tier one.

1012
01:20:56,920 --> 01:21:01,080
And so because of the new tier approach, I think we can, we can give a little bit more

1013
01:21:01,080 --> 01:21:04,840
grace and fidelity to the business realities of cryptocurrency.

1014
01:21:04,840 --> 01:21:09,100
Because that's, that's what's really going to, that's what's really going to kill this

1015
01:21:09,100 --> 01:21:15,160
is I experienced this when I did the GMF 2023, where I was an approved budget based on what

1016
01:21:15,160 --> 01:21:17,280
I submitted my sand for.

1017
01:21:17,280 --> 01:21:19,880
And that changed drastically over time.

1018
01:21:19,880 --> 01:21:26,760
And it caused quite a bit of clarity and back and forth between my company and the sandbox

1019
01:21:26,760 --> 01:21:30,800
company where we had to figure out what that compromise would be because what I submitted

1020
01:21:30,800 --> 01:21:37,760
it for and then what it was worth by the time that I reached my milestone, it had devalued

1021
01:21:37,760 --> 01:21:42,560
so much that I couldn't pay my bills at that point.

1022
01:21:42,560 --> 01:21:50,760
So just that's how much time had elapsed.

1023
01:21:50,760 --> 01:21:55,880
And so I know the reality of this just having done it through the old Game Maker Fund, which

1024
01:21:55,880 --> 01:21:58,400
was just earlier this year.

1025
01:21:58,400 --> 01:22:03,640
The Game Maker Fund changed to the Builders Challenge, which in about early 2024, so not

1026
01:22:03,640 --> 01:22:07,560
even like eight months ago.

1027
01:22:07,560 --> 01:22:11,560
And I was approved this time last year in 2023.

1028
01:22:11,560 --> 01:22:13,080
So that gives you a timeline there.

1029
01:22:13,080 --> 01:22:17,080
So I was approved about October, November of 2023.

1030
01:22:17,080 --> 01:22:24,200
And my first payment came out in about, I think, February ish timeframe.

1031
01:22:24,200 --> 01:22:27,960
So that that change in window, it devalued.

1032
01:22:27,960 --> 01:22:34,240
And I couldn't pay my bills if they gave me the what the sand was worth at that time.

1033
01:22:34,240 --> 01:22:38,600
And I'm paying my bills in US dollars because I'm a US company and I'm contracting with

1034
01:22:38,600 --> 01:22:42,400
different companies who don't accept sand, that sort of thing.

1035
01:22:42,400 --> 01:22:44,160
That's just a business reality.

1036
01:22:44,160 --> 01:22:47,860
Most of the world is not Web 3, it's still Web 2.

1037
01:22:47,860 --> 01:22:51,480
So my recommendation is to change it per tier.

1038
01:22:51,480 --> 01:22:55,460
So for tier one, I recommend 150%, not 110.

1039
01:22:55,460 --> 01:22:59,560
For tier two, I recommend 115%.

1040
01:22:59,560 --> 01:23:02,500
And tier three is 110%.

1041
01:23:02,500 --> 01:23:08,040
And once you math that out to what the thresholds are, it makes a little bit more sense.

1042
01:23:08,040 --> 01:23:14,560
So for a $50,000 proposal, which is the max for tier one, 150% of that is 60%.

1043
01:23:14,560 --> 01:23:18,080
Excuse me, 60,000.

1044
01:23:18,080 --> 01:23:19,080
That's a 10.

1045
01:23:19,080 --> 01:23:21,680
That's a 10k buffer.

1046
01:23:21,680 --> 01:23:24,800
Okay, that's that's more reasonable than five.

1047
01:23:24,800 --> 01:23:27,240
All right, I'll take that.

1048
01:23:27,240 --> 01:23:29,140
It's still a high risk.

1049
01:23:29,140 --> 01:23:31,800
But it's it's tolerable ish.

1050
01:23:31,800 --> 01:23:33,840
It's tolerable.

1051
01:23:33,840 --> 01:23:36,120
So better than nothing.

1052
01:23:36,120 --> 01:23:43,440
For tier two, for tier two, that's 200,000 is the upper limit.

1053
01:23:43,440 --> 01:23:52,120
So a 115% financial commitment cap is 30,000.

1054
01:23:52,120 --> 01:24:01,680
All right, so as you scale up your your your financial commitment percentage decreases

1055
01:24:01,680 --> 01:24:13,320
but that's because if it were 150% for tier two, that would be 240, I think.

1056
01:24:13,320 --> 01:24:14,320
Right.

1057
01:24:14,320 --> 01:24:17,960
10% is no I'm not that wrong.

1058
01:24:17,960 --> 01:24:22,440
Am I am I Matt Mon?

1059
01:24:22,440 --> 01:24:24,440
Oh, 300,000.

1060
01:24:24,440 --> 01:24:25,440
Right.

1061
01:24:25,440 --> 01:24:29,660
So 150% of 200,000 would be 300,000.

1062
01:24:29,660 --> 01:24:30,660
That's $100,000.

1063
01:24:30,660 --> 01:24:34,440
That's a good buffer that I mean, I don't find that unreasonable.

1064
01:24:34,440 --> 01:24:43,260
But but the down might so I decided let's just bump it down to 115% stop 115% and your

1065
01:24:43,260 --> 01:24:50,280
buffer then is 30,000 at 115% for tier two at the max that you can ask for.

1066
01:24:50,280 --> 01:24:55,400
That's you can stomach that I can stomach that some of my sips.

1067
01:24:55,400 --> 01:25:02,040
I think one of my sips is a little under 200,000.

1068
01:25:02,040 --> 01:25:10,640
So I would I would have to eat anything that goes a devalues it to above 230,000 at that

1069
01:25:10,640 --> 01:25:12,480
point.

1070
01:25:12,480 --> 01:25:22,720
But if you keep it at 110%, then your your 200,000 is capped at 220.

1071
01:25:22,720 --> 01:25:26,800
That's a 20,000 sand margin.

1072
01:25:26,800 --> 01:25:31,480
That's not a lot when it comes to the expenses that you have to pay and the devaluing and

1073
01:25:31,480 --> 01:25:34,500
the volatility of of sand.

1074
01:25:34,500 --> 01:25:40,860
So then you have tier three and capping that at 110%.

1075
01:25:40,860 --> 01:25:44,580
So you I feel like that's probably that's probably the same.

1076
01:25:44,580 --> 01:25:48,160
So normal, it can be normal.

1077
01:25:48,160 --> 01:25:53,100
So 10% of 500,000 is 50.

1078
01:25:53,100 --> 01:25:56,980
So that gives you a 50,000 sand buffer.

1079
01:25:56,980 --> 01:25:59,000
That seems reasonable ish.

1080
01:25:59,000 --> 01:26:03,740
Again when you start getting into these multiple hundred thousand dollar sands, your your ability

1081
01:26:03,740 --> 01:26:10,260
to program manage and your ability to to stay under cost.

1082
01:26:10,260 --> 01:26:17,000
Being wrong hurts a lot more if you if you if you underestimate your costs.

1083
01:26:17,000 --> 01:26:21,920
So the financial commitment, you're given a 50,000 buffer that's that seems reasonable

1084
01:26:21,920 --> 01:26:23,720
to me.

1085
01:26:23,720 --> 01:26:31,460
So that's where I recommend change it to 150% for tier one.

1086
01:26:31,460 --> 01:26:40,940
Change it to change it to 115% for tier two and change it to 110%.

1087
01:26:40,940 --> 01:26:43,200
Keep it at 110% for tier three.

1088
01:26:43,200 --> 01:26:49,500
That gives you a 10,000 buffer for tier one 30,000 sand buffer for tier two and a 50,000

1089
01:26:49,500 --> 01:26:55,900
sand buffer for tier three respectively, even though you are you are decreasing the percentage

1090
01:26:55,900 --> 01:26:59,760
of that max financial commitment.

1091
01:26:59,760 --> 01:27:04,660
That to me seems pretty reasonable given the realities of the sandbox.

1092
01:27:04,660 --> 01:27:10,520
And that's just being in San Fam for a while and seeing how seeing how it all plays out

1093
01:27:10,520 --> 01:27:11,520
over time.

1094
01:27:11,520 --> 01:27:17,160
There are a lot of studios, a lot of studios in their small businesses.

1095
01:27:17,160 --> 01:27:21,360
So our ability to eat that buffer is very, very limited.

1096
01:27:21,360 --> 01:27:28,460
In fact, the reason why I could not progress past my two, maybe three experiences is because

1097
01:27:28,460 --> 01:27:33,480
I'm not able to sustain myself in the market right now.

1098
01:27:33,480 --> 01:27:39,640
And Tempest Studios announced their departure, as did Touche Studios, to the longest standing

1099
01:27:39,640 --> 01:27:42,080
and most well known studios in the ecosystem.

1100
01:27:42,080 --> 01:27:50,120
Again, when I do my business of sandbox, I will cover that sort of stuff and really articulate

1101
01:27:50,120 --> 01:27:54,680
how that's important to businesses trying to survive.

1102
01:27:54,680 --> 01:27:58,960
And the 10% across the board is tough.

1103
01:27:58,960 --> 01:28:00,920
That's really tough.

1104
01:28:00,920 --> 01:28:05,200
So I hope that the Dell admin team recognizes that.

1105
01:28:05,200 --> 01:28:08,600
And I recommend a change to those percentages.

1106
01:28:08,600 --> 01:28:12,640
I recommend a change to the 70% because that I don't I still understand it.

1107
01:28:12,640 --> 01:28:15,200
But it seems really low.

1108
01:28:15,200 --> 01:28:17,520
Yeah, really low.

1109
01:28:17,520 --> 01:28:20,920
I don't I don't understand the map on it yet.

1110
01:28:20,920 --> 01:28:22,180
Okay.

1111
01:28:22,180 --> 01:28:26,360
So that covers the zip budget requested.

1112
01:28:26,360 --> 01:28:33,400
Okay, now let's go to the next section, which is the My Submission Checklist.

1113
01:28:33,400 --> 01:28:34,400
All right.

1114
01:28:34,400 --> 01:28:44,520
So the checklist here is underneath the the SIPC categories.

1115
01:28:44,520 --> 01:28:52,120
Underneath the SIPC categories, and here underneath the the budget requested, you'll find My Submission

1116
01:28:52,120 --> 01:28:53,240
Checklist.

1117
01:28:53,240 --> 01:28:59,560
So here are here is the checklist.

1118
01:28:59,560 --> 01:29:06,760
You have the first checklist item is ensure idea is first posted in SIP ideas.

1119
01:29:06,760 --> 01:29:07,760
So that's not a surprise.

1120
01:29:07,760 --> 01:29:08,760
We knew that one was coming.

1121
01:29:08,760 --> 01:29:11,280
They had already mentioned it in the announcement.

1122
01:29:11,280 --> 01:29:17,720
The next one is proposal must be refined or ensure your proposal refined based on community

1123
01:29:17,720 --> 01:29:18,720
feedback.

1124
01:29:18,720 --> 01:29:19,720
Not surprising.

1125
01:29:19,720 --> 01:29:20,840
We're already doing that.

1126
01:29:20,840 --> 01:29:27,160
And you were already doing that in the current process or the old process when that started

1127
01:29:27,160 --> 01:29:28,600
in May.

1128
01:29:28,600 --> 01:29:33,680
The next one is ensure motivations and personal or financial interests are disclosed.

1129
01:29:33,680 --> 01:29:34,960
That is a fascinating one.

1130
01:29:34,960 --> 01:29:36,520
That's a new mention.

1131
01:29:36,520 --> 01:29:40,240
And that has some pretty significant implications.

1132
01:29:40,240 --> 01:29:45,040
When you take into account the Dow article that was published on Medium, and we'll go

1133
01:29:45,040 --> 01:29:46,640
into that.

1134
01:29:46,640 --> 01:29:52,480
The next one on the list is proposal is categorized accurately within a SIPC category.

1135
01:29:52,480 --> 01:29:58,920
And as I mentioned, of the nine categories, the only ones that are mentioned is five of

1136
01:29:58,920 --> 01:29:59,920
them.

1137
01:29:59,920 --> 01:30:02,120
So we're not really sure what's going on with the other four.

1138
01:30:02,120 --> 01:30:10,000
It looks like per this checklist, you're no longer able to to ask for for sand from those

1139
01:30:10,000 --> 01:30:16,640
budgets, which is 52% of the budget, 15.5 million sand budget.

1140
01:30:16,640 --> 01:30:21,640
So the next one on the checklist is ensure proposals is maintainable and scalable.

1141
01:30:21,640 --> 01:30:26,280
The next one on the budget, excuse me, the next one on the checklist is a detailed budget

1142
01:30:26,280 --> 01:30:29,800
with all expenses associated.

1143
01:30:29,800 --> 01:30:34,640
I guess ensure your budget is detailed with all expenses associated.

1144
01:30:34,640 --> 01:30:43,800
And if I associate, I guess they mean allocable, reasonable and and they're allocable and reasonable

1145
01:30:43,800 --> 01:30:47,300
to your your ask.

1146
01:30:47,300 --> 01:30:51,640
And then the next one on the checklist is ensure clear project milestones with success

1147
01:30:51,640 --> 01:30:53,680
success metrics.

1148
01:30:53,680 --> 01:30:58,440
And up above on the checklist, or excuse me on the website, you can kind of see the success

1149
01:30:58,440 --> 01:31:02,000
metrics they now expect.

1150
01:31:02,000 --> 01:31:06,440
That was in the categories section of the website.

1151
01:31:06,440 --> 01:31:11,320
And then the second to last checklist item is ensure supporting materials like images,

1152
01:31:11,320 --> 01:31:16,120
diagrams, or references are attached.

1153
01:31:16,120 --> 01:31:17,860
That was already a best practice.

1154
01:31:17,860 --> 01:31:19,440
So no surprise there.

1155
01:31:19,440 --> 01:31:24,520
And the very last thing is ensure feedback from the Dow Council and PM team is incorporated.

1156
01:31:24,520 --> 01:31:30,840
And as I mentioned, I think in the new process, there's there's multiple rounds of feedback

1157
01:31:30,840 --> 01:31:33,960
from the the PM team.

1158
01:31:33,960 --> 01:31:40,200
And and still the the one feedback from Dow Council, which is a special council.

1159
01:31:40,200 --> 01:31:41,200
Okay.

1160
01:31:41,200 --> 01:31:49,520
So when we look at the the analysis slide here, here you have the the checklist items

1161
01:31:49,520 --> 01:31:50,520
on the left.

1162
01:31:50,520 --> 01:31:51,520
All right.

1163
01:31:51,520 --> 01:31:54,640
And then this is all the notes that I have for it.

1164
01:31:54,640 --> 01:31:59,720
So in the submission checklist, the very first one there says the ideas first posted in the

1165
01:31:59,720 --> 01:32:00,920
SIP idea.

1166
01:32:00,920 --> 01:32:08,360
So that used to be optional, as we noted in the in the old the the old process the new

1167
01:32:08,360 --> 01:32:10,320
here.

1168
01:32:10,320 --> 01:32:17,560
We went from, you know, the SIP, the old process was the submit the SIP to the Dow admin team

1169
01:32:17,560 --> 01:32:19,480
email.

1170
01:32:19,480 --> 01:32:21,200
That that was what started the process.

1171
01:32:21,200 --> 01:32:23,880
And then you could go into public discussion and all that.

1172
01:32:23,880 --> 01:32:28,420
But now we submit the SIP on the SIP ideas subforum.

1173
01:32:28,420 --> 01:32:33,400
And then you're invited to submit via the type form link.

1174
01:32:33,400 --> 01:32:38,420
Okay, so that is that's a change.

1175
01:32:38,420 --> 01:32:44,520
It was now optional, but now it's mandatory in the new October 2024 guidelines.

1176
01:32:44,520 --> 01:32:46,800
And it's on the SIP author to complete.

1177
01:32:46,800 --> 01:32:56,600
So you as a SIP author must go to the the SIP ideas subforum and post.

1178
01:32:56,600 --> 01:32:58,320
Okay.

1179
01:32:58,320 --> 01:33:04,080
So the next one is the second checklist item on being refined community feedback that,

1180
01:33:04,080 --> 01:33:05,360
like I said, no surprise there.

1181
01:33:05,360 --> 01:33:06,360
That's fine.

1182
01:33:06,360 --> 01:33:11,080
And then the third checklist item where it said motivations and personal or financial

1183
01:33:11,080 --> 01:33:13,280
interests must be disclosed.

1184
01:33:13,280 --> 01:33:14,720
I think that's awesome.

1185
01:33:14,720 --> 01:33:21,760
Like I said, in episode 28, the the personal or financial interest disclosure, I think

1186
01:33:21,760 --> 01:33:22,920
is wonderful.

1187
01:33:22,920 --> 01:33:29,080
The only caveat I have there is in episode 28, I mentioned just how complicated I think

1188
01:33:29,080 --> 01:33:30,680
this is going to be.

1189
01:33:30,680 --> 01:33:38,040
And specifically, because in one of the posts, it mentions potential, right?

1190
01:33:38,040 --> 01:33:41,200
Where does it say potential?

1191
01:33:41,200 --> 01:33:45,000
Potential personal or financial interests are disclosed.

1192
01:33:45,000 --> 01:33:47,040
Where does it say that?

1193
01:33:47,040 --> 01:33:48,400
Oh, that's in the SIP.

1194
01:33:48,400 --> 01:33:49,400
Never mind.

1195
01:33:49,400 --> 01:33:50,600
So we'll we'll go in there.

1196
01:33:50,600 --> 01:33:56,000
But the explanation for the motivations and personal or financial interests disclosed

1197
01:33:56,000 --> 01:33:58,120
is a new addition to the checklist.

1198
01:33:58,120 --> 01:34:00,840
And I would recommend explaining it a little bit.

1199
01:34:00,840 --> 01:34:06,600
So here's what I did in in podcast number 28.

1200
01:34:06,600 --> 01:34:11,080
When we when we talked about the delegation system that arrived and it was announced by

1201
01:34:11,080 --> 01:34:17,160
the Dow back on October 1st, conflict of interest is broken down into three, three parts as

1202
01:34:17,160 --> 01:34:19,400
is right.

1203
01:34:19,400 --> 01:34:26,200
So the personal interests disclosed as I mentioned in episode 28.

1204
01:34:26,200 --> 01:34:28,200
So here we go.

1205
01:34:28,200 --> 01:34:36,560
Interest is broken down into three, three parts as is as is section section five.

1206
01:34:36,560 --> 01:34:42,920
When I say section six here, I'm referring to the the new code of conduct that that the

1207
01:34:42,920 --> 01:34:49,960
Dow delegates are required to to adhere to if you want to become an approved delegate.

1208
01:34:49,960 --> 01:34:55,080
It has all the ships and relationships where delegates must forfeit their conflicts as

1209
01:34:55,080 --> 01:34:59,520
delegates must avoid conflicts of interest and declare someone with a close personal

1210
01:34:59,520 --> 01:35:05,560
or professional relationship is the author of an SIP or stands to gain protections.

1211
01:35:05,560 --> 01:35:10,840
Any actual or potential conflicts must be disclosed to the community promptly.

1212
01:35:10,840 --> 01:35:13,760
The delegates are required to not vote on any of this.

1213
01:35:13,760 --> 01:35:18,760
Okay, so we'll go over the conflict of interest thing separately later.

1214
01:35:18,760 --> 01:35:24,320
But what's key there, which I think tracks to this new checklist item is that per the

1215
01:35:24,320 --> 01:35:28,200
code of conduct as explained there, which again is not the same thing as here, but it's

1216
01:35:28,200 --> 01:35:29,200
the closest thing I had.

1217
01:35:29,200 --> 01:35:34,040
And as soon as I saw that checklist item, it reminded me of exactly very closely what's

1218
01:35:34,040 --> 01:35:39,680
written in the code of conduct for delegates where you must declare if someone with a close

1219
01:35:39,680 --> 01:35:45,920
personal or professional relationship stands to gain personal benefit from a voting action.

1220
01:35:45,920 --> 01:35:50,080
And give me a second.

1221
01:35:50,080 --> 01:35:51,080
Right.

1222
01:35:51,080 --> 01:35:54,280
So that's the explanation.

1223
01:35:54,280 --> 01:36:00,220
What does it mean exactly when when you need to ensure that motivations or personal financial

1224
01:36:00,220 --> 01:36:03,400
interests are disclosed?

1225
01:36:03,400 --> 01:36:10,280
There are many DALs who have disclosure rules, like WellDAL, which just launched a long ago,

1226
01:36:10,280 --> 01:36:18,000
is currently looking at a SIP to expand its disclosure rules from being just you personally

1227
01:36:18,000 --> 01:36:20,520
and what you stand to gain.

1228
01:36:20,520 --> 01:36:27,740
So like if you have this SIP and you stand to gain X number of thousands of dollars from

1229
01:36:27,740 --> 01:36:33,680
endorsement deals or whatever, you are required in the WellDAL to disclose that.

1230
01:36:33,680 --> 01:36:39,200
But the new SIP that just came about in the WellDAL would expand that to close family.

1231
01:36:39,200 --> 01:36:42,240
And so different governments require disclosure laws.

1232
01:36:42,240 --> 01:36:47,240
Some require you to disclose your spouse's financial positions that get affected by your

1233
01:36:47,240 --> 01:36:50,560
actions and some only require yourself.

1234
01:36:50,560 --> 01:36:56,080
So how extensive is the disclosure rule here?

1235
01:36:56,080 --> 01:37:00,880
Would really appreciate some clarity from from the DAL admin team on that.

1236
01:37:00,880 --> 01:37:10,280
Because it's going to matter when I mean, you submit a 200,000 sand SIP and the difference

1237
01:37:10,280 --> 01:37:17,160
between disclosure of close family, spouse, cousins or friends or whatever, it's a big

1238
01:37:17,160 --> 01:37:22,480
difference in how you prepare your SIP in terms of how long it takes to prepare it and

1239
01:37:22,480 --> 01:37:24,680
how much of the back and forth.

1240
01:37:24,680 --> 01:37:30,520
Like how much documentation do you require to prove stuff?

1241
01:37:30,520 --> 01:37:32,000
I'm not really sure.

1242
01:37:32,000 --> 01:37:34,840
So I would appreciate some clarity.

1243
01:37:34,840 --> 01:37:41,560
And so then we move along down the guidelines checklist item number four.

1244
01:37:41,560 --> 01:37:46,440
We're missing four of the nine categories, which accounts to roughly 52%.

1245
01:37:46,440 --> 01:37:51,240
So please clarify what's supposed to happen there.

1246
01:37:51,240 --> 01:37:54,640
Because it's not clear right now.

1247
01:37:54,640 --> 01:37:57,240
What's going on with those four categories?

1248
01:37:57,240 --> 01:38:01,560
By the reading of the definition of things, I think that means we're no longer allowed

1249
01:38:01,560 --> 01:38:07,520
to apply for the four that I mentioned earlier, which is over 52% of the budget.

1250
01:38:07,520 --> 01:38:11,640
So that's a lot of of sand budget that's going away.

1251
01:38:11,640 --> 01:38:13,360
So where does it go then?

1252
01:38:13,360 --> 01:38:15,680
Where does that 52% get spent?

1253
01:38:15,680 --> 01:38:17,160
Or how?

1254
01:38:17,160 --> 01:38:18,720
Unclear right now.

1255
01:38:18,720 --> 01:38:23,160
All right, next is the proposal is maintainable and scalable.

1256
01:38:23,160 --> 01:38:25,060
This is a new rule.

1257
01:38:25,060 --> 01:38:28,520
And I'm not sure what they mean by scalable, scalable to what?

1258
01:38:28,520 --> 01:38:33,040
So would appreciate a little bit of clarity there from the DAO admin team.

1259
01:38:33,040 --> 01:38:35,640
What does scalable mean?

1260
01:38:35,640 --> 01:38:47,160
Scalable to 211,000 token holders of the sandbox DAO, which we find, which I report as the

1261
01:38:47,160 --> 01:38:56,080
DAO based AI statistics, scalable to the 2000 voters that currently participate, still scalable

1262
01:38:56,080 --> 01:39:06,480
to the over one million users of the sandbox gamers, scalable to the 330,000 creators.

1263
01:39:06,480 --> 01:39:10,360
So not not really sure what scalable means there.

1264
01:39:10,360 --> 01:39:18,480
Big difference in how you program manage or project manage a proposal or a SIP and implementation

1265
01:39:18,480 --> 01:39:22,640
based on your scalability definition there.

1266
01:39:22,640 --> 01:39:27,080
And then the next one on the guidelines list that I noted was where it said detailed budget

1267
01:39:27,080 --> 01:39:28,480
with all the expenses associated.

1268
01:39:28,480 --> 01:39:33,640
Again, I already noted the inconsistency with the ideal SIPs.

1269
01:39:33,640 --> 01:39:38,600
And I just use mine as an example, my Sandow SIP requiring the DAO admin team requiring

1270
01:39:38,600 --> 01:39:48,320
a very detailed person itemizing the persons that I want to hire onto the Sandow podcast,

1271
01:39:48,320 --> 01:39:54,720
their rates, times their hours, time and then indirect costs, all sorts of things.

1272
01:39:54,720 --> 01:39:59,840
Pretty much every dollar I want to spend is accounted for and detailed out.

1273
01:39:59,840 --> 01:40:05,720
But in the in the ideal SIP for my category, it's the Ambassador one and it only mentions

1274
01:40:05,720 --> 01:40:07,720
a $400,000 line.

1275
01:40:07,720 --> 01:40:10,760
And that 400,000 is not broken out in any way.

1276
01:40:10,760 --> 01:40:15,960
So there's a there's a bit of an expectation management, I think that that could really

1277
01:40:15,960 --> 01:40:20,880
help with with this these rules.

1278
01:40:20,880 --> 01:40:24,480
The next guideline clear project milestones with success metrics.

1279
01:40:24,480 --> 01:40:25,880
I think that's pretty clear.

1280
01:40:25,880 --> 01:40:32,200
You look at the success metrics that they they site on the website and project milestones

1281
01:40:32,200 --> 01:40:40,640
that they expect the two for 50, the three milestones for two for whatever it is the

1282
01:40:40,640 --> 01:40:46,520
200,000 and then above 200,000 is is five.

1283
01:40:46,520 --> 01:40:47,520
That's fine.

1284
01:40:47,520 --> 01:40:48,520
Makes sense.

1285
01:40:48,520 --> 01:40:54,760
Okay, the next one is supporting materials like images, diagrams or references being

1286
01:40:54,760 --> 01:40:57,680
attached that used to be optional.

1287
01:40:57,680 --> 01:40:59,640
Now looks like it's mandatory.

1288
01:40:59,640 --> 01:41:04,280
So just to note there, whereas before you you could have a banner if you wanted to now

1289
01:41:04,280 --> 01:41:07,440
you have to have a banner.

1290
01:41:07,440 --> 01:41:10,480
It was always a good idea to have visuals like that.

1291
01:41:10,480 --> 01:41:15,080
That just helps sips when people look at your stuff and you see like a flowchart or a banner

1292
01:41:15,080 --> 01:41:16,720
versus just a wall of text.

1293
01:41:16,720 --> 01:41:18,600
That's always a best practice.

1294
01:41:18,600 --> 01:41:27,960
And as you'll see later on, they asked that they notate that and some of the zip guidelines.

1295
01:41:27,960 --> 01:41:33,840
But the last one feedback from the Dow Council and PM team is incorporated.

1296
01:41:33,840 --> 01:41:38,920
And again, I mentioned this in in my episode 33, that there doesn't seem to be a limit

1297
01:41:38,920 --> 01:41:42,840
on what might end up being an excessive curation.

1298
01:41:42,840 --> 01:41:46,800
So especially when you start getting into sips that have a lot of external partners

1299
01:41:46,800 --> 01:41:50,520
relying on your sip to pass.

1300
01:41:50,520 --> 01:41:54,680
You need to get it to vote but you can't get the vote because it's still in curation.

1301
01:41:54,680 --> 01:41:59,320
And you're you're talking all sorts of stuff with the Dow admin team.

1302
01:41:59,320 --> 01:42:02,280
So I cover that here in episode 33.

1303
01:42:02,280 --> 01:42:06,580
The thing that I noted here was in the first three phases, there doesn't seem to be a limit

1304
01:42:06,580 --> 01:42:10,320
on the Dow admin team's power to curate not their sip.

1305
01:42:10,320 --> 01:42:14,800
Nor is there any description of when curation becomes excessive.

1306
01:42:14,800 --> 01:42:19,680
So that was episode 33 when I was reacting to the Dow Medium article, which goes into

1307
01:42:19,680 --> 01:42:27,320
depth when it comes to the review process and what they're looking for.

1308
01:42:27,320 --> 01:42:29,060
So this was only 15 days ago.

1309
01:42:29,060 --> 01:42:32,420
So it preceded the change here to the sip process.

1310
01:42:32,420 --> 01:42:39,920
It was clearly a setting up for the new process and trying to explain it a little better.

1311
01:42:39,920 --> 01:42:48,340
Okay, so I would appreciate a, like I mentioned in the previous slide here, would really appreciate

1312
01:42:48,340 --> 01:42:55,320
that a limitation be imposed on that.

1313
01:42:55,320 --> 01:42:57,360
Okay, so there you go.

1314
01:42:57,360 --> 01:42:58,960
That's the sip checklist.

1315
01:42:58,960 --> 01:43:02,920
Going over in a bit of detail.

1316
01:43:02,920 --> 01:43:07,760
Now if we go back to the next section is ineligible sips.

1317
01:43:07,760 --> 01:43:14,120
So here below the checklist with all the checks, you get to the ineligible and eligible sips

1318
01:43:14,120 --> 01:43:17,440
with the with the red crossbars.

1319
01:43:17,440 --> 01:43:22,480
Okay, so let's go through each of those.

1320
01:43:22,480 --> 01:43:23,480
So now double sips.

1321
01:43:23,480 --> 01:43:28,160
The first one sips that do not comply with international regulations and local laws is

1322
01:43:28,160 --> 01:43:29,160
the first one.

1323
01:43:29,160 --> 01:43:33,960
The second one is projects or teams is based.

1324
01:43:33,960 --> 01:43:40,440
Okay, I'm going to restart this one so I can get my wording right.

1325
01:43:40,440 --> 01:43:44,960
You have an ineligible sip if your sip does not comply with international regulations

1326
01:43:44,960 --> 01:43:46,960
and local laws.

1327
01:43:46,960 --> 01:43:47,960
That's one.

1328
01:43:47,960 --> 01:43:53,680
You have an ineligible sip if your project or team is based in Iran, Syria, Cuba, North

1329
01:43:53,680 --> 01:44:05,200
Korea, Donetsk, Crimea, Luhansk, Zaporizhzhia, and Kyrgyzstan, regions of Ukraine.

1330
01:44:05,200 --> 01:44:08,960
So that's the second one.

1331
01:44:08,960 --> 01:44:13,520
Your third ineligible sip is if you have a sip involving the exploitation or harm of

1332
01:44:13,520 --> 01:44:20,000
people, animals, or environmental degradation.

1333
01:44:20,000 --> 01:44:25,000
I see you not Jackie Chan Lurkin, thank you, in the chat.

1334
01:44:25,000 --> 01:44:30,920
Your fourth ineligible sip is sip voting violence, hate speech, discriminatory practices, gambling,

1335
01:44:30,920 --> 01:44:38,660
drugs, or firearm, illicit trade, money laundering, or any criminal activity.

1336
01:44:38,660 --> 01:44:43,240
Your next ineligible sip is a sip involving data privacy breaches or misuse of personal

1337
01:44:43,240 --> 01:44:44,240
information.

1338
01:44:44,240 --> 01:44:53,240
Your next ineligible sip are virtual asset services, including public token launches

1339
01:44:53,240 --> 01:44:59,520
and holding, selling, issuing virtual assets on behalf of others.

1340
01:44:59,520 --> 01:45:04,720
Your next ineligible sip is sips focused on token or security issues, including token

1341
01:45:04,720 --> 01:45:11,320
distributions, creating a new token, making investments and generating returns, buyback

1342
01:45:11,320 --> 01:45:15,160
or dividend features, etc.

1343
01:45:15,160 --> 01:45:19,760
Your next ineligible sip is a sip that is appropriately not, excuse me, not appropriately

1344
01:45:19,760 --> 01:45:25,760
licensed or involving the unauthorized use of intellectual property.

1345
01:45:25,760 --> 01:45:32,080
The next ineligible sip is a sip with no impact on the sandbox ecosystem.

1346
01:45:32,080 --> 01:45:37,560
Your next ineligible sip is a sip submitted by individuals with potential conflicts of

1347
01:45:37,560 --> 01:45:42,520
interest, there's that word I mentioned earlier, potential, highlight, underline, that's a

1348
01:45:42,520 --> 01:45:45,920
very important word for the way they explain it in the Dow Medium article.

1349
01:45:45,920 --> 01:45:51,000
Alright, and your next ineligible sip is sips lacking a clear and feasible timeline for

1350
01:45:51,000 --> 01:45:54,800
implementation and delivery.

1351
01:45:54,800 --> 01:46:00,080
Your next ineligible sip is a sip without a detailed risk management plan.

1352
01:46:00,080 --> 01:46:05,080
Your next ineligible sip is a sip requesting funding for research and development without

1353
01:46:05,080 --> 01:46:09,840
a clear path to market.

1354
01:46:09,840 --> 01:46:14,120
Your second to last ineligible sip is a sip with excessive funding requests without scalable

1355
01:46:14,120 --> 01:46:22,120
impact or that lack a clear, ethical and sustainable business model.

1356
01:46:22,120 --> 01:46:28,760
And your last ineligible sip are projects that do not have a qualified and experienced

1357
01:46:28,760 --> 01:46:32,720
team to execute the plan.

1358
01:46:32,720 --> 01:46:34,460
Okay.

1359
01:46:34,460 --> 01:46:44,040
Now when we return back to our analysis slide, here is what I came up with.

1360
01:46:44,040 --> 01:46:48,100
So on the left, you see there's the ones we just read.

1361
01:46:48,100 --> 01:46:50,360
And now here's my analysis of that.

1362
01:46:50,360 --> 01:46:56,000
So the very first one, an eligible sip that if you do not comply with international regulations

1363
01:46:56,000 --> 01:47:03,680
and local laws, I think it would be very helpful to know what that limit is, or if there is

1364
01:47:03,680 --> 01:47:04,680
a limit.

1365
01:47:04,680 --> 01:47:08,520
Are we talking the international regulations and local laws of the Grand Cayman Islands

1366
01:47:08,520 --> 01:47:11,080
where the sandbox foundation is incorporated?

1367
01:47:11,080 --> 01:47:16,400
Are we talking about the European Union, the People's Republic of China, United States

1368
01:47:16,400 --> 01:47:23,120
law, France laws, Malta, where the sandbox company is incorporated?

1369
01:47:23,120 --> 01:47:26,960
Unclear to what extent or it could be all of them.

1370
01:47:26,960 --> 01:47:28,400
I just don't know.

1371
01:47:28,400 --> 01:47:35,640
Not really sure because the laws differ greatly between the entities listed here.

1372
01:47:35,640 --> 01:47:37,040
They differ greatly.

1373
01:47:37,040 --> 01:47:43,120
So what might be, what might comply with the law in one country might not comply with the

1374
01:47:43,120 --> 01:47:45,660
law in another country.

1375
01:47:45,660 --> 01:47:47,400
And so what does that mean?

1376
01:47:47,400 --> 01:47:53,040
Do you only, do you worry about where the sip author is and then applying those local

1377
01:47:53,040 --> 01:47:55,680
laws to them?

1378
01:47:55,680 --> 01:48:00,760
And then if a person in France submits a sip, then the local laws in France versus a person

1379
01:48:00,760 --> 01:48:02,960
in Belgium?

1380
01:48:02,960 --> 01:48:07,720
Or do you apply all of the country's laws to every sip author, no matter where they're

1381
01:48:07,720 --> 01:48:09,320
located?

1382
01:48:09,320 --> 01:48:11,680
Unclear right now.

1383
01:48:11,680 --> 01:48:17,200
What I would really appreciate some clarity because that's going to change the cost of

1384
01:48:17,200 --> 01:48:23,120
a sip for ensuring that you abide by the regulations.

1385
01:48:23,120 --> 01:48:29,000
We know this just by how the sandbox foundation, how much it costs to run the sandbox foundation.

1386
01:48:29,000 --> 01:48:37,400
And that'll be my next podcast is the analysis of the constitution, the bylaws and the articles,

1387
01:48:37,400 --> 01:48:43,720
the memos of the sandbox foundation and all the regulatory requirements that we are required

1388
01:48:43,720 --> 01:48:53,680
as a sandbox foundation, as a Dow to adhere to in order to remain at Dow, incorporate

1389
01:48:53,680 --> 01:48:55,740
as a company in the grand Canyon islands.

1390
01:48:55,740 --> 01:49:01,700
So those regulatory costs for regulatory regulation compliance costs something if the pay people

1391
01:49:01,700 --> 01:49:08,080
to do things that have certain specifications or certain expertise, certain certifications.

1392
01:49:08,080 --> 01:49:10,640
We'll get all into that in another podcast episode.

1393
01:49:10,640 --> 01:49:16,200
But for now, episode 34 just did that, which is the birth of the sandbox style.

1394
01:49:16,200 --> 01:49:20,360
I cover a little bit of that here.

1395
01:49:20,360 --> 01:49:26,600
All we knew was the sandbox company, the sandbox foundation advisory board chairman of a Namco.

1396
01:49:26,600 --> 01:49:30,840
I certainly didn't know that really, until I really started researching the Dow.

1397
01:49:30,840 --> 01:49:32,840
I really didn't know any of this company.

1398
01:49:32,840 --> 01:49:33,840
I had no idea.

1399
01:49:33,840 --> 01:49:34,840
I did.

1400
01:49:34,840 --> 01:49:35,840
I did.

1401
01:49:35,840 --> 01:49:36,840
I knew the name and who they were.

1402
01:49:36,840 --> 01:49:39,040
None to have started researching interviews.

1403
01:49:39,040 --> 01:49:41,000
I like many SanFam people.

1404
01:49:41,000 --> 01:49:42,720
I was worried about the ecosystem.

1405
01:49:42,720 --> 01:49:49,600
I was worried about game maker and playing the game and the rewards.

1406
01:49:49,600 --> 01:49:52,320
I wasn't worried about.

1407
01:49:52,320 --> 01:49:58,120
So it starts there and then we go through a revelation of what connects to what.

1408
01:49:58,120 --> 01:50:05,600
And you'll see all of the entities now involved in the sandbox ecosystem at the sandbox Dow

1409
01:50:05,600 --> 01:50:06,600
level.

1410
01:50:06,600 --> 01:50:10,840
I'm not sure I got it 100% right, but I was able, I had to Google search.

1411
01:50:10,840 --> 01:50:17,560
I wasn't able to get a little as much clarity as I needed from the Dow admin team to fully

1412
01:50:17,560 --> 01:50:18,560
flesh this out.

1413
01:50:18,560 --> 01:50:19,560
So I did the best I could.

1414
01:50:19,560 --> 01:50:24,720
But we do know that there are entities that are there to help with the foundation, like

1415
01:50:24,720 --> 01:50:26,440
the Maples group.

1416
01:50:26,440 --> 01:50:28,760
So they're helping with regulatory compliance.

1417
01:50:28,760 --> 01:50:31,980
Travers Thorbal Berga group, they're helping with the legal aspect.

1418
01:50:31,980 --> 01:50:37,720
The International Corporation Services Limited group, we're paying them to be the secretary.

1419
01:50:37,720 --> 01:50:42,000
The International Protectors and Advisors Limited group, we're paying them to be the

1420
01:50:42,000 --> 01:50:45,060
officers, the director and that sort of stuff.

1421
01:50:45,060 --> 01:50:52,940
So there is, you have to pay people to do things in order to be compliant with local

1422
01:50:52,940 --> 01:50:54,660
laws and regulations.

1423
01:50:54,660 --> 01:50:59,000
So when you say SIPs that do not comply with international regulations and local laws,

1424
01:50:59,000 --> 01:51:04,040
what you're saying is those SIP dollars are going to increase because now as a business

1425
01:51:04,040 --> 01:51:13,360
person I have to ensure that my SIP is compliant with some number of international regulations

1426
01:51:13,360 --> 01:51:14,360
and local laws.

1427
01:51:14,360 --> 01:51:16,520
I'm not sure how many.

1428
01:51:16,520 --> 01:51:22,240
The local laws of the United States, where I live, is very small compared to the laws

1429
01:51:22,240 --> 01:51:24,000
of the rest of the world.

1430
01:51:24,000 --> 01:51:26,680
So which one am I taking into account?

1431
01:51:26,680 --> 01:51:29,800
That was going to matter how much I ask for.

1432
01:51:29,800 --> 01:51:32,480
That's just how business goes.

1433
01:51:32,480 --> 01:51:36,280
Alright, so that's the first one.

1434
01:51:36,280 --> 01:51:43,960
The second one here is here in the middle where it talks about virtual asset services,

1435
01:51:43,960 --> 01:51:52,120
the SIP focus on token or security issues, SIPs that's not appropriately licensed.

1436
01:51:52,120 --> 01:51:59,720
I really, really think that we should get a legal read from our attorneys that exist

1437
01:51:59,720 --> 01:52:01,080
in the Sandbox Foundation.

1438
01:52:01,080 --> 01:52:02,800
So the ones that protect us.

1439
01:52:02,800 --> 01:52:08,620
Again, this is SandboxDAL Podcast 34.

1440
01:52:08,620 --> 01:52:12,840
When I look into the birth of SandboxDAL and all of the entities that are involved, then

1441
01:52:12,840 --> 01:52:19,880
taps a law firm, Travers Thorpe Alburga of the Cayman Islands.

1442
01:52:19,880 --> 01:52:26,480
So, there you have, we have a law firm that is definitely involved with the SandboxDAL

1443
01:52:26,480 --> 01:52:27,480
Foundation.

1444
01:52:27,480 --> 01:52:33,280
And, and also we have a regulatory compliance group that helps us and Maples.

1445
01:52:33,280 --> 01:52:37,080
So we have people who can help us with these sorts of things.

1446
01:52:37,080 --> 01:52:44,960
Data rights, intellectual property, securitization or security laws, those are complex.

1447
01:52:44,960 --> 01:52:47,360
They're really complex just within the United States.

1448
01:52:47,360 --> 01:52:49,880
I can't imagine how complex they are in the rest of the world.

1449
01:52:49,880 --> 01:52:53,320
I don't know the rest of the world's laws that I need, we need help.

1450
01:52:53,320 --> 01:53:00,600
So if, I guess what this is saying is you can't submit a SIP if it meets these things.

1451
01:53:00,600 --> 01:53:04,200
But what meets these things differ from country to country.

1452
01:53:04,200 --> 01:53:07,080
So we really need clarity on that very first one.

1453
01:53:07,080 --> 01:53:08,080
Which laws are applicable?

1454
01:53:08,080 --> 01:53:10,880
Are they applicable where I reside?

1455
01:53:10,880 --> 01:53:12,240
Or are they applicable worldwide?

1456
01:53:12,240 --> 01:53:18,160
Or some static, they're going to be Cayman Islands plus Malta plus whatever.

1457
01:53:18,160 --> 01:53:19,160
What is that going to be?

1458
01:53:19,160 --> 01:53:24,320
Because that's going to change the definition of how these things are interpreted.

1459
01:53:24,320 --> 01:53:25,520
It's a very complex topic.

1460
01:53:25,520 --> 01:53:34,000
So really request some help from our legal experts within the foundation to help clarify.

1461
01:53:34,000 --> 01:53:36,520
It's going to matter to SIP authors.

1462
01:53:36,520 --> 01:53:45,000
Especially myself, when I'm a business person I have to now abide by those rules.

1463
01:53:45,000 --> 01:53:52,880
And the reason why I'm doting on that is because when I read this, so let's look at token distributions,

1464
01:53:52,880 --> 01:54:00,000
making investments, that sounds strikingly similar to one of the ideal SIPs that's mentioned

1465
01:54:00,000 --> 01:54:01,420
on the website.

1466
01:54:01,420 --> 01:54:07,280
That would be SIP number four and five, I believe it was.

1467
01:54:07,280 --> 01:54:11,840
So if we go up to NFTs, I think.

1468
01:54:11,840 --> 01:54:16,600
No, platform, no, not feature request.

1469
01:54:16,600 --> 01:54:18,280
Scroll up a little bit more.

1470
01:54:18,280 --> 01:54:19,680
There it is.

1471
01:54:19,680 --> 01:54:20,680
Carbon capture.

1472
01:54:20,680 --> 01:54:23,560
So carbon capture was SIP number four.

1473
01:54:23,560 --> 01:54:31,680
It purchased a, it purchased a token, a lot of tokens.

1474
01:54:31,680 --> 01:54:34,680
How many, how many tokens?

1475
01:54:34,680 --> 01:54:38,240
200,000 sand worth of CDR token.

1476
01:54:38,240 --> 01:54:42,320
All right, so that sounds like a token investment.

1477
01:54:42,320 --> 01:54:49,560
But I don't know if that's a legal thing because I don't know which law it's based on.

1478
01:54:49,560 --> 01:54:51,080
I'm not, I'm not sure.

1479
01:54:51,080 --> 01:54:58,280
So it looks like SIP number four would have been ineligible under these new rules in October

1480
01:54:58,280 --> 01:54:59,320
2024.

1481
01:54:59,320 --> 01:55:06,960
But this SIP was closed, I think, in July of 2024, a month, May, June, maybe it was

1482
01:55:06,960 --> 01:55:11,680
June, like a month or two after the SIP, the DAO was launched in May.

1483
01:55:11,680 --> 01:55:17,200
So it wasn't adhered to or didn't have to deal with, I guess, these new rules.

1484
01:55:17,200 --> 01:55:19,480
But everyone else now has to.

1485
01:55:19,480 --> 01:55:27,200
So does that mean that if someone wanted to propose a SIP number four clone, would they

1486
01:55:27,200 --> 01:55:28,660
be allowed to?

1487
01:55:28,660 --> 01:55:32,600
Would Net Zero Company be allowed to propose this again?

1488
01:55:32,600 --> 01:55:36,940
So unsure with the current reading of things.

1489
01:55:36,940 --> 01:55:40,920
And then what was the second one I saw?

1490
01:55:40,920 --> 01:55:45,420
Holding, selling, issuing virtual assets on behalf of others.

1491
01:55:45,420 --> 01:55:46,420
Where was the staking?

1492
01:55:46,420 --> 01:55:48,600
I think it was.

1493
01:55:48,600 --> 01:55:51,200
It alluded to staking as well.

1494
01:55:51,200 --> 01:55:57,120
So that was SIP number, what was that?

1495
01:55:57,120 --> 01:55:58,120
That was a staking SIP.

1496
01:55:58,120 --> 01:56:00,920
I don't find it right now, but it did pass.

1497
01:56:00,920 --> 01:56:10,920
And it recently, it recently paid out to the stakers, the landowner who were stakers.

1498
01:56:10,920 --> 01:56:17,440
And so some of the reading of this makes it seem like that might too have been, have been

1499
01:56:17,440 --> 01:56:20,800
applicable to these new rules as a prohibited SIP.

1500
01:56:20,800 --> 01:56:21,800
Unsure.

1501
01:56:21,800 --> 01:56:22,800
So let's take a look.

1502
01:56:22,800 --> 01:56:23,800
Which one was it?

1503
01:56:23,800 --> 01:56:30,160
It was SIP number, SIP number seven, the staking budget by landowners.

1504
01:56:30,160 --> 01:56:33,200
So this one right here.

1505
01:56:33,200 --> 01:56:42,640
And it was, so the 200 million, 20 million sand that was locked by 4,500 stakers and

1506
01:56:42,640 --> 01:56:49,720
they were requesting 750,000 sand over a 23 week period.

1507
01:56:49,720 --> 01:56:50,720
All right.

1508
01:56:50,720 --> 01:56:54,640
So does, does the new rules apply to that one?

1509
01:56:54,640 --> 01:56:56,520
Unsure.

1510
01:56:56,520 --> 01:57:02,920
Would really request some clarity because it gets really complex nation to nation.

1511
01:57:02,920 --> 01:57:09,080
And that first one colliding with, I'm not sure which laws apply.

1512
01:57:09,080 --> 01:57:11,360
Okay.

1513
01:57:11,360 --> 01:57:12,360
So moving on.

1514
01:57:12,360 --> 01:57:18,000
The next one is where it talked about the SIPs requesting funding for research and development

1515
01:57:18,000 --> 01:57:19,000
without a clear path to market.

1516
01:57:19,000 --> 01:57:21,080
So that's at R&D.

1517
01:57:21,080 --> 01:57:24,000
That seems to me a conscious choice to restrict R&D.

1518
01:57:24,000 --> 01:57:31,660
And R&D is an important thing in just developing options from unknowns.

1519
01:57:31,660 --> 01:57:38,080
So we have your, your known knowns, your unknown knowns and your unknown unknowns.

1520
01:57:38,080 --> 01:57:46,400
So R&D explores your, your unknown unknowns, turns them into at least known unknowns or

1521
01:57:46,400 --> 01:57:48,360
known knowns.

1522
01:57:48,360 --> 01:57:56,020
And this looks like it might restrict the R&D into unknown unknowns.

1523
01:57:56,020 --> 01:57:59,000
And the one that I tagged here was my revenue options SIP.

1524
01:57:59,000 --> 01:58:03,720
One of the ones waiting, I have some major partners waiting on.

1525
01:58:03,720 --> 01:58:06,600
So this is still in the SIP idea phase.

1526
01:58:06,600 --> 01:58:15,520
I think it's sitting at about 90 to a hundred days in the old May 2024 process going admin

1527
01:58:15,520 --> 01:58:18,440
review.

1528
01:58:18,440 --> 01:58:23,240
And so what I proposed here was to commission a team of professionals to create a realistic

1529
01:58:23,240 --> 01:58:27,480
plan for the sandbox DAO to establish a sustainable cashflow.

1530
01:58:27,480 --> 01:58:33,320
We took a lesson learned from the 8coin DAO, which is a little bit in an emergency management

1531
01:58:33,320 --> 01:58:34,520
mode of its budget.

1532
01:58:34,520 --> 01:58:41,600
It went from 1.3, 1.6 billion dollars two years ago to just over a hundred million today.

1533
01:58:41,600 --> 01:58:50,400
So it burned through over 1.1, 1.2 billion dollars of dollars, right, dollars of the

1534
01:58:50,400 --> 01:58:53,360
8coin DAO budget in two years.

1535
01:58:53,360 --> 01:58:56,280
And they're they're at proposal like 400 something right now.

1536
01:58:56,280 --> 01:59:04,000
So 400 proposals, we have 15 and by comparison, but they did not establish any sort of sustainable

1537
01:59:04,000 --> 01:59:05,920
cashflow.

1538
01:59:05,920 --> 01:59:08,920
And because of that, they have no money coming in.

1539
01:59:08,920 --> 01:59:15,280
So they're trying to scale the ape chain which is launched to trying to scale the banana

1540
01:59:15,280 --> 01:59:19,680
bill, all sorts of things that they're trying to bring money back into the DAO before all

1541
01:59:19,680 --> 01:59:22,800
the money goes out and there's not enough to replace it in the DAO.

1542
01:59:22,800 --> 01:59:26,960
The DAO stops at that point, or the very least, the DAO slows down considerably and is no

1543
01:59:26,960 --> 01:59:35,280
longer able to just fund people's business ambitions for the apes.

1544
01:59:35,280 --> 01:59:42,760
And this SIP that I that I proposed and the SIP ideas and then I submitted it a few months

1545
01:59:42,760 --> 01:59:44,860
ago to the DAO admin team.

1546
01:59:44,860 --> 01:59:52,600
This SIP is to do some research and development into establishing a clear path to a sustainable

1547
01:59:52,600 --> 01:59:53,600
cash flow.

1548
01:59:53,600 --> 01:59:59,820
The only trouble is one could interpret this as an unknown unknown, where we don't know

1549
01:59:59,820 --> 02:00:01,480
exactly what it is.

1550
02:00:01,480 --> 02:00:04,280
This is that's why we're commissioning a professional team.

1551
02:00:04,280 --> 02:00:09,040
So we're talking like top, top consulting firms in the world.

1552
02:00:09,040 --> 02:00:17,400
We're talking toke, tokenomists, economists, finance, financial experts, sort of crew you

1553
02:00:17,400 --> 02:00:25,640
need to put together in order to determine and there's my price tag 281,000.

1554
02:00:25,640 --> 02:00:27,240
It's going to cost a lot.

1555
02:00:27,240 --> 02:00:31,640
It's going to cost a lot to put together a team of professionals who know how to churn

1556
02:00:31,640 --> 02:00:35,320
out sustainable revenue options for our DAO.

1557
02:00:35,320 --> 02:00:40,880
And if we don't put into effect now, we could really be sorry later on.

1558
02:00:40,880 --> 02:00:47,000
So this is one of those such things that I'm no longer sure meets the definition of the

1559
02:00:47,000 --> 02:00:48,000
prohibited SIPs.

1560
02:00:48,000 --> 02:00:49,280
I sure hope so.

1561
02:00:49,280 --> 02:00:55,200
This is one of the most clear cut things that we could do to ensure our long term sustainability.

1562
02:00:55,200 --> 02:00:59,920
I have all the contacts I need to make it happen with certified professionals who do

1563
02:00:59,920 --> 02:01:01,360
this for a living.

1564
02:01:01,360 --> 02:01:03,260
We're not talking hobbyists.

1565
02:01:03,260 --> 02:01:08,120
We're talking certified professionals that I met in the course of my professional lifetime,

1566
02:01:08,120 --> 02:01:15,600
which is going on 15 years now in the contract negotiation program management, financial

1567
02:01:15,600 --> 02:01:17,360
background, that sort of stuff.

1568
02:01:17,360 --> 02:01:22,300
So they are real people who know how to get this done.

1569
02:01:22,300 --> 02:01:28,360
So I'm really hoping that the prohibited SIPs does not render that prohibited.

1570
02:01:28,360 --> 02:01:31,080
I sure hope not.

1571
02:01:31,080 --> 02:01:34,320
That's a project that I really want to see funded because I think it's I don't even make

1572
02:01:34,320 --> 02:01:35,800
a lot of money on that one.

1573
02:01:35,800 --> 02:01:40,480
That's just me paying the professionals to do the work.

1574
02:01:40,480 --> 02:01:46,960
So yeah, unclear if that is restricted now.

1575
02:01:46,960 --> 02:01:47,960
I don't know.

1576
02:01:47,960 --> 02:01:49,520
I sure hope not.

1577
02:01:49,520 --> 02:01:52,880
But that to me was like, that's an unknown.

1578
02:01:52,880 --> 02:01:54,880
That's at least a known unknown for some things.

1579
02:01:54,880 --> 02:02:01,240
Some things you know you need to get like, well, different podcasts for different day.

1580
02:02:01,240 --> 02:02:08,540
So next one is the next prohibited SIP is SIP with no impact on the sandbox ecosystem.

1581
02:02:08,540 --> 02:02:14,200
And like I mentioned earlier, I'm kind of unsure what this is referring to.

1582
02:02:14,200 --> 02:02:16,200
No impact on the sandbox ecosystem.

1583
02:02:16,200 --> 02:02:19,760
The sandbox ecosystem is huge.

1584
02:02:19,760 --> 02:02:22,320
It's huge.

1585
02:02:22,320 --> 02:02:25,000
So here is here's Sebastian.

1586
02:02:25,000 --> 02:02:31,520
He is the sandbox co founder and currently the chief operating officer of the sandbox.

1587
02:02:31,520 --> 02:02:35,260
This was a podcast done three months ago.

1588
02:02:35,260 --> 02:02:37,600
And it was on the the coin gape TV.

1589
02:02:37,600 --> 02:02:43,600
So this is him explaining how big the sandbox ecosystem is.

1590
02:02:43,600 --> 02:02:48,800
We have grown today to over 6 million users with an account.

1591
02:02:48,800 --> 02:02:54,680
Like we're one of the main entry point for many people into web free for the first time.

1592
02:02:54,680 --> 02:03:01,560
And we have over 400 major brands and collaboration with top tier brand from all around the world

1593
02:03:01,560 --> 02:03:03,440
that we collaborate with.

1594
02:03:03,440 --> 02:03:04,440
Like Atari.

1595
02:03:04,440 --> 02:03:09,640
And into the metaverse.

1596
02:03:09,640 --> 02:03:13,440
So he just gave you some numbers and then if you go to some other podcasts with him,

1597
02:03:13,440 --> 02:03:16,240
he'll he'll disclose other numbers.

1598
02:03:16,240 --> 02:03:17,440
Really big numbers.

1599
02:03:17,440 --> 02:03:22,520
So the ecosystem has about 6 million users.

1600
02:03:22,520 --> 02:03:28,440
Million users, 6 million, 400 brands, some of which are the top in the world, like Atari,

1601
02:03:28,440 --> 02:03:40,060
I mentioned earlier, Gucci, the fashion brand, the Snoop Dogg celebrity brand, the Walking

1602
02:03:40,060 --> 02:03:42,920
Dead of really well known TV show brand.

1603
02:03:42,920 --> 02:03:47,320
So some of the top brands in the world, 400 as what Seb said.

1604
02:03:47,320 --> 02:03:51,200
And then in another podcast, he mentions there is over 130,000 creators.

1605
02:03:51,200 --> 02:03:55,520
So that's like game makers, studios, VLOX editors, all that.

1606
02:03:55,520 --> 02:04:03,480
And I mentioned that in the sandbox ecosystem, I go over the extent of that.

1607
02:04:03,480 --> 02:04:09,360
This was Sandow podcast 31 about half a month ago.

1608
02:04:09,360 --> 02:04:10,360
What are we left with?

1609
02:04:10,360 --> 02:04:11,920
How does it how does it all function together?

1610
02:04:11,920 --> 02:04:19,360
You have on the left, your white paper and the why the sandbox exists, spoken by the

1611
02:04:19,360 --> 02:04:25,080
people who are the main movers and and leaders behind it.

1612
02:04:25,080 --> 02:04:31,040
Then you have the products, the market activity, the game client, the game maker and the Vox

1613
02:04:31,040 --> 02:04:32,040
editor.

1614
02:04:32,040 --> 02:04:39,080
After that, you have the Sand Fam, which are the gamers, the game makers, Voxel artists,

1615
02:04:39,080 --> 02:04:42,160
participants and the sandbox team.

1616
02:04:42,160 --> 02:04:45,980
When you put them all together, what is it that you're left with?

1617
02:04:45,980 --> 02:04:46,980
What do you get?

1618
02:04:46,980 --> 02:04:53,520
You get that ecosystem and of all the people, purpose and products.

1619
02:04:53,520 --> 02:04:56,760
So there you have it.

1620
02:04:56,760 --> 02:05:02,760
That right there, kind of articulates the ecosystem is huge.

1621
02:05:02,760 --> 02:05:11,320
So I'm sure there are sips that could you could literally define as having no impact

1622
02:05:11,320 --> 02:05:14,040
on sandbox ecosystem.

1623
02:05:14,040 --> 02:05:21,780
But sandbox ecosystem is so big, it affects so many things that I'm not sure that list

1624
02:05:21,780 --> 02:05:24,120
is very big.

1625
02:05:24,120 --> 02:05:29,880
But for what it's worth, OK, just it's a it's a little unclear when you take into account

1626
02:05:29,880 --> 02:05:34,040
how big the ecosystem is, what that means.

1627
02:05:34,040 --> 02:05:38,000
So the next one is projects that do not have a qualified or experienced team to execute

1628
02:05:38,000 --> 02:05:39,000
the plan.

1629
02:05:39,000 --> 02:05:42,000
Hey, Sammy, how are you?

1630
02:05:42,000 --> 02:05:45,760
Good to see you in chat.

1631
02:05:45,760 --> 02:05:51,360
So projects that do not have an ex qualified or experienced team to execute the plan, highly,

1632
02:05:51,360 --> 02:05:52,360
highly subjective.

1633
02:05:52,360 --> 02:05:57,520
Now you start getting into the more Web to realm of you need experience to get experience.

1634
02:05:57,520 --> 02:06:01,920
That's been a critique of the Web to industry for quite some time.

1635
02:06:01,920 --> 02:06:05,040
It's a meme at this point that you need experience to get experience.

1636
02:06:05,040 --> 02:06:09,520
And that's what this one kind of kind of insinuates.

1637
02:06:09,520 --> 02:06:14,040
So it's highly subjective.

1638
02:06:14,040 --> 02:06:16,400
And then Web3, we're all Dowing right now.

1639
02:06:16,400 --> 02:06:17,600
I'm Dowing.

1640
02:06:17,600 --> 02:06:18,680
You're Dowing by watching.

1641
02:06:18,680 --> 02:06:22,520
You're Dowing by posting on Twitter.

1642
02:06:22,520 --> 02:06:29,000
When you post on Twitter related to San Fam, you're Dowing when you vote and your experience

1643
02:06:29,000 --> 02:06:34,480
level is not really it's not a.

1644
02:06:34,480 --> 02:06:39,440
It's not emphasized in the Web3 world like it is in Web2.

1645
02:06:39,440 --> 02:06:46,880
And this sip this sip prohibition here makes it mandatory for you to have qualified and

1646
02:06:46,880 --> 02:06:49,800
experienced team, which is a great thing on paper.

1647
02:06:49,800 --> 02:06:57,240
But if it's so subjective and we're not really sure what standard that means, then you could

1648
02:06:57,240 --> 02:07:02,320
easily turn into a a highly.

1649
02:07:02,320 --> 02:07:05,400
You could turn into the opposite of an inclusive Dow.

1650
02:07:05,400 --> 02:07:10,560
So the inclusive thing is is that is that play there.

1651
02:07:10,560 --> 02:07:15,640
And when you start talking about qualified experience, you start talking about certifications,

1652
02:07:15,640 --> 02:07:20,480
resume and all those sorts of things that could be the opposite of inclusion.

1653
02:07:20,480 --> 02:07:27,040
So could could use a little bit of help there and understanding what that means.

1654
02:07:27,040 --> 02:07:32,120
The next one is the sip submitted by individuals with potential conflicts of interest.

1655
02:07:32,120 --> 02:07:38,120
And I'm going to say the word potential there because that word means a lot to the Dow article

1656
02:07:38,120 --> 02:07:45,400
that was submitted not that long ago, but but the word potential, the way it was explained

1657
02:07:45,400 --> 02:07:50,800
in the code of conduct for the delegation system means almost the entirety of San Fam

1658
02:07:50,800 --> 02:07:53,320
as it's currently stated right now.

1659
02:07:53,320 --> 02:08:00,080
And I cover that in Episode 28, which was the delegation has come to sandbox Dow, which

1660
02:08:00,080 --> 02:08:04,640
is currently what the Dow team is working on saying that you're required to not vote

1661
02:08:04,640 --> 02:08:05,640
on any proposal.

1662
02:08:05,640 --> 02:08:10,740
This right here is me analyzing the the words of the code of conduct and all the other things

1663
02:08:10,740 --> 02:08:17,720
that that delegates have to go through in order to become a delegate saying that you're

1664
02:08:17,720 --> 02:08:22,480
required to not vote on any proposal also required to not vote on any proposal where

1665
02:08:22,480 --> 02:08:25,920
a potential conflict of interest exists.

1666
02:08:25,920 --> 02:08:30,600
And that is huge ecosystem within the sandbox is very highly interconnected.

1667
02:08:30,600 --> 02:08:36,160
And we just figured out how highly connected and how huge it is based on that podcast episode

1668
02:08:36,160 --> 02:08:38,680
with coin gave and said.

1669
02:08:38,680 --> 02:08:45,360
Dows advocacy groups connecting networking with the Web 3 community.

1670
02:08:45,360 --> 02:08:50,760
The sandbox is owned by an Amoco brands, communities and companies on the planet, which itself

1671
02:08:50,760 --> 02:08:59,600
has a Dow, which itself votes within the sandbox and the sandbox votes in the Mocoverse Dow

1672
02:08:59,600 --> 02:09:03,840
and it votes in the Apecoin Dow and people in the Apecoin Dow vote in the sandbox Dow

1673
02:09:03,840 --> 02:09:05,120
and the Mocoverse Dow.

1674
02:09:05,120 --> 02:09:08,120
It's this this huge interconnectivity going on.

1675
02:09:08,120 --> 02:09:09,760
So there you go.

1676
02:09:09,760 --> 02:09:12,880
And I have here listed that the Mocoverse is a million members.

1677
02:09:12,880 --> 02:09:15,280
I misrepresent.

1678
02:09:15,280 --> 02:09:16,560
I got that one wrong.

1679
02:09:16,560 --> 02:09:22,760
The Mocoverse has eight thousand eight hundred and eighty eight mochas that make up the Mocoverse

1680
02:09:22,760 --> 02:09:27,200
and it has a million plus members of mocha ID people.

1681
02:09:27,200 --> 02:09:29,740
So that all kind of equals the Mocoverse.

1682
02:09:29,740 --> 02:09:34,360
But the eight thousand eight hundred eighty eight NFTs are the ones who participate in

1683
02:09:34,360 --> 02:09:39,440
the Mocadao, whereas the million members are the ones who had the mocha ID and participate

1684
02:09:39,440 --> 02:09:41,280
in the quest and all sorts of stuff.

1685
02:09:41,280 --> 02:09:42,960
Both of them, I think, equal the Mocoverse.

1686
02:09:42,960 --> 02:09:50,400
But the important point that that G is us helped helped me help clarify with me during

1687
02:09:50,400 --> 02:09:54,680
a during the Twitter X space.

1688
02:09:54,680 --> 02:10:01,760
But as you can see, regardless, there are so many different interconnected dowels, external

1689
02:10:01,760 --> 02:10:02,760
entities.

1690
02:10:02,760 --> 02:10:09,520
The ecosystem is so large and those ecosystems that are partner ecosystems are large and

1691
02:10:09,520 --> 02:10:11,840
sometimes they're larger than us.

1692
02:10:11,840 --> 02:10:15,160
Like Whale Vault has fifteen thousand members.

1693
02:10:15,160 --> 02:10:21,820
That's just that's just one of the major landowners of of the sandbox.

1694
02:10:21,820 --> 02:10:27,120
So you have ecosystems surrounding ecosystems and it's it gets really, really complicated,

1695
02:10:27,120 --> 02:10:28,120
really fast.

1696
02:10:28,120 --> 02:10:32,360
So when you say potential conflict of interest and the way it's written in the code of conduct

1697
02:10:32,360 --> 02:10:39,720
for the for the delegates, that could mean and I think right now it means the entirety

1698
02:10:39,720 --> 02:10:41,400
of San Fran.

1699
02:10:41,400 --> 02:10:48,540
So probably needs a little help there by the Dow admin team to to work on over time.

1700
02:10:48,540 --> 02:10:52,600
And the last thing is SIPS promoting violence, hate speech, discriminatory practices, gambling,

1701
02:10:52,600 --> 02:10:56,840
blah, blah, blah, blah, that all of which don't no disagreement that those are some

1702
02:10:56,840 --> 02:10:58,000
bad things.

1703
02:10:58,000 --> 02:11:05,480
The one thing that is happening right now in the eight coin Dow is that multiple posts

1704
02:11:05,480 --> 02:11:10,400
are being flagged on their discourse forum for hate speech.

1705
02:11:10,400 --> 02:11:14,100
And that's important to to flag.

1706
02:11:14,100 --> 02:11:19,640
That's important to highlight because the people being flagged and this was we learned

1707
02:11:19,640 --> 02:11:28,480
this in the the eight coin GWG, which has since been disbanded as of a few a few weeks ago.

1708
02:11:28,480 --> 02:11:35,640
The governor's working group for eight coin was hosting a space about the eight AIP four

1709
02:11:35,640 --> 02:11:39,960
six six, which was to get rid of the AIP working groups.

1710
02:11:39,960 --> 02:11:42,000
So delegate this led by Aaron Haber.

1711
02:11:42,000 --> 02:11:43,600
Shout out to Aaron.

1712
02:11:43,600 --> 02:11:48,120
He he went through this and then and had a lot of participation from eight coin down

1713
02:11:48,120 --> 02:11:54,200
members and a number of them, even the SIPS author, one of his posts got flagged.

1714
02:11:54,200 --> 02:11:56,840
He got banned, wasn't hate speech.

1715
02:11:56,840 --> 02:11:59,640
There's no way that that post was hate speech.

1716
02:11:59,640 --> 02:12:02,160
And most of the community, almost all the community agrees with that.

1717
02:12:02,160 --> 02:12:07,880
But at least all the most of the people who voiced their opinion on the on the Twitter

1718
02:12:07,880 --> 02:12:18,100
space and then one of the GWG people in responding to the the post there was flagged as hate

1719
02:12:18,100 --> 02:12:24,040
speech and his post where there was there's no way you could interpret it as hate speech.

1720
02:12:24,040 --> 02:12:25,040
No way.

1721
02:12:25,040 --> 02:12:28,560
It was just simple simply asking, can you clarify?

1722
02:12:28,560 --> 02:12:33,460
Like those were almost I'm paraphrasing, but almost literally the words were and in this

1723
02:12:33,460 --> 02:12:43,120
recording here, you can if you read it and listen to it, you can you can you you'll hear

1724
02:12:43,120 --> 02:12:47,920
him read his post and he had it up and it was said something along the lines of, hey,

1725
02:12:47,920 --> 02:12:49,160
this this needs a lot of clarity.

1726
02:12:49,160 --> 02:12:52,920
Could you please clarify that post got flagged as hate speech?

1727
02:12:52,920 --> 02:12:57,720
Zero, zero chance that that's hate speech.

1728
02:12:57,720 --> 02:12:58,720
Zero chance.

1729
02:12:58,720 --> 02:13:00,720
But he was flagged.

1730
02:13:00,720 --> 02:13:08,200
And so what we found is that the administrators of discourse can apply that word specifically

1731
02:13:08,200 --> 02:13:12,160
or other words, interpret it in a very liberal way.

1732
02:13:12,160 --> 02:13:22,240
And what looks like some sort of not really sure why, but flagging posts on on people

1733
02:13:22,240 --> 02:13:27,320
who are trying to interact with in a very reasonable way and very civil, even one of

1734
02:13:27,320 --> 02:13:34,760
the co-authors that flagged a band under under circumstances that seem less than obvious,

1735
02:13:34,760 --> 02:13:36,140
definitely not hate speech.

1736
02:13:36,140 --> 02:13:42,140
So that's something that I wanted to note, just something we need to watch out for.

1737
02:13:42,140 --> 02:13:47,240
Because taken to the extreme, some of these reasonable things that we do can be can be

1738
02:13:47,240 --> 02:13:52,800
misconstrued as discriminatory or hate speech.

1739
02:13:52,800 --> 02:13:56,440
Whereas gambling drugs, firearms, illicit trade, money laundering, like those are criminal

1740
02:13:56,440 --> 02:13:57,440
activity.

1741
02:13:57,440 --> 02:13:58,680
Absolutely not.

1742
02:13:58,680 --> 02:13:59,840
Don't do that.

1743
02:13:59,840 --> 02:14:00,840
Don't do that.

1744
02:14:00,840 --> 02:14:02,840
That's bad.

1745
02:14:02,840 --> 02:14:05,360
All right.

1746
02:14:05,360 --> 02:14:08,440
That is just the ineligible sips category.

1747
02:14:08,440 --> 02:14:18,000
Okay, so if we then return back to our SIP guidelines, going beneath ineligible sips,

1748
02:14:18,000 --> 02:14:23,660
we now get to we're going to skip what's next because we already went over that as part

1749
02:14:23,660 --> 02:14:25,320
of the step process.

1750
02:14:25,320 --> 02:14:27,320
We now get into discussion and voting.

1751
02:14:27,320 --> 02:14:33,080
It says, download this guide to promote your SIP during this phase to convince the community

1752
02:14:33,080 --> 02:14:35,000
and gather, gather quorum.

1753
02:14:35,000 --> 02:14:44,560
This guy is a PDF is PDF explains guide to promote your SIP.

1754
02:14:44,560 --> 02:14:47,720
It goes over some pretty cool tips.

1755
02:14:47,720 --> 02:14:53,360
And as I noted in my, in my analysis, I really liked this guide.

1756
02:14:53,360 --> 02:14:54,560
It's clear.

1757
02:14:54,560 --> 02:14:59,760
It says things like, it alerts you the fact that your post is going to be viewable by

1758
02:14:59,760 --> 02:15:00,760
anyone.

1759
02:15:00,760 --> 02:15:06,280
It's clear to know that anyone can view your stuff and they don't have to be logged in.

1760
02:15:06,280 --> 02:15:13,320
And so then they start talking about what, what you can do to, to promote your SIP, how

1761
02:15:13,320 --> 02:15:20,280
you can engage the community and sending messages to people on discourse or discord, posting

1762
02:15:20,280 --> 02:15:28,840
AMA's through X and Twitter spaces, or YouTube or Twitch and posting on your social media,

1763
02:15:28,840 --> 02:15:33,960
using graphics to communicate messages, contacting influencers and key opinion leaders also knows

1764
02:15:33,960 --> 02:15:41,440
KOLs that got rolled out in the recent sandbox ambassador program.

1765
02:15:41,440 --> 02:15:45,440
That was one of the SIPs and then reaching out to them to do AMA's.

1766
02:15:45,440 --> 02:15:50,600
And then during your voting process, make sure that you use many of the same tactics

1767
02:15:50,600 --> 02:15:51,600
that we just described.

1768
02:15:51,600 --> 02:15:54,160
AMA's with a sandbox.

1769
02:15:54,160 --> 02:16:00,080
Also contacting their streamers, community AMA's, community key opinion leaders and influencers,

1770
02:16:00,080 --> 02:16:05,120
continue discussing on the sandbox discord server, hashtag DAO discussion.

1771
02:16:05,120 --> 02:16:13,280
We go over that over every sandbox DAO episode, Sandow episode, excuse me.

1772
02:16:13,280 --> 02:16:19,400
And you can host your own AMA's and streams, post social media, and then promotional assets

1773
02:16:19,400 --> 02:16:24,880
talking about doing a banner, doing a CTA call to action video, which they recommend

1774
02:16:24,880 --> 02:16:29,160
a 60 minute or 60 second or less.

1775
02:16:29,160 --> 02:16:33,640
And they give you a template, give you questions to answer, right?

1776
02:16:33,640 --> 02:16:35,880
And they give you a script.

1777
02:16:35,880 --> 02:16:39,200
Like this is real good stuff.

1778
02:16:39,200 --> 02:16:40,200
Excellent job.

1779
02:16:40,200 --> 02:16:43,920
I assume Cyril did it because he mentioned his name here in brackets where you replace

1780
02:16:43,920 --> 02:16:45,220
his name with yours.

1781
02:16:45,220 --> 02:16:50,160
And whoever made this wonderful job, wonderful job.

1782
02:16:50,160 --> 02:16:51,160
I love it.

1783
02:16:51,160 --> 02:16:52,840
Love what's going on there.

1784
02:16:52,840 --> 02:16:54,700
And very applicable to anyone.

1785
02:16:54,700 --> 02:16:59,640
You can pick this up, read it and be like, oh, okay, this is where I should engage.

1786
02:16:59,640 --> 02:17:00,640
And then video guidelines.

1787
02:17:00,640 --> 02:17:06,520
It even gives you like, how do you, how do you arrange your smartphone doing in landscape

1788
02:17:06,520 --> 02:17:07,760
instead of portrait?

1789
02:17:07,760 --> 02:17:12,160
And then recommending wearing sandbox shirt if you have one.

1790
02:17:12,160 --> 02:17:16,280
I don't know many people that do, but if you have one, sure, I guess you can buy some merch

1791
02:17:16,280 --> 02:17:17,280
somewhere.

1792
02:17:17,280 --> 02:17:18,280
They've actually seen that.

1793
02:17:18,280 --> 02:17:21,240
So it'd be nice to know what that link is.

1794
02:17:21,240 --> 02:17:24,360
If there's sandbox merch or if I have to create it myself and buy it.

1795
02:17:24,360 --> 02:17:25,360
Not sure.

1796
02:17:25,360 --> 02:17:28,040
File formatting and then uploading it.

1797
02:17:28,040 --> 02:17:30,720
So there's a Google drive here that you can upload it to.

1798
02:17:30,720 --> 02:17:35,280
So right now it seems seems blank, but here it is.

1799
02:17:35,280 --> 02:17:36,280
Google drive.

1800
02:17:36,280 --> 02:17:41,160
So you can upload your video to the Google drive and then the sandbox style, I assume

1801
02:17:41,160 --> 02:17:44,920
will post it to their, their Twitter X feed.

1802
02:17:44,920 --> 02:17:46,280
That's pretty cool.

1803
02:17:46,280 --> 02:17:47,920
That's really cool.

1804
02:17:47,920 --> 02:17:51,220
And then feel free to add your own, your own creative touch.

1805
02:17:51,220 --> 02:17:56,760
So my analysis on this was excellent job.

1806
02:17:56,760 --> 02:17:57,760
Great job.

1807
02:17:57,760 --> 02:18:00,260
This was a great job guide.

1808
02:18:00,260 --> 02:18:01,820
Very easy to follow.

1809
02:18:01,820 --> 02:18:03,360
Very value added.

1810
02:18:03,360 --> 02:18:08,240
Things that people can apply to themselves as authors now.

1811
02:18:08,240 --> 02:18:12,480
Okay, the next section is SIP implementation.

1812
02:18:12,480 --> 02:18:21,480
So underneath the discussion and voting section is the supplementation section.

1813
02:18:21,480 --> 02:18:23,160
Let's go ahead and read it.

1814
02:18:23,160 --> 02:18:25,280
Congratulations on getting your SIP approved.

1815
02:18:25,280 --> 02:18:29,380
Below is an overview of the next steps to secure your funding, track your progress and

1816
02:18:29,380 --> 02:18:33,000
report back to the community.

1817
02:18:33,000 --> 02:18:36,920
Implementation step number one, milestone completion.

1818
02:18:36,920 --> 02:18:39,000
And step number two, payments.

1819
02:18:39,000 --> 02:18:41,560
Implementation number three, funding pauses or revocations.

1820
02:18:41,560 --> 02:18:47,440
So explain, so explain SIP implementation step number one is milestone completion.

1821
02:18:47,440 --> 02:18:52,040
It reads the SIP author is responsible for reporting the completion of each milestone

1822
02:18:52,040 --> 02:18:55,080
outlined in the approval in the approved SIP.

1823
02:18:55,080 --> 02:18:58,000
The report should include detailed evidence.

1824
02:18:58,000 --> 02:19:02,280
Examples are documentation, deliverables, links or screenshots.

1825
02:19:02,280 --> 02:19:06,600
The validation process includes verifying the quality of deliverables, confirming that

1826
02:19:06,600 --> 02:19:10,360
the milestone is in alignment with the original proposal.

1827
02:19:10,360 --> 02:19:14,000
After validation, the proposal will be shared with the community to maintain transparency.

1828
02:19:14,000 --> 02:19:17,200
Okay, so you can see transparency.

1829
02:19:17,200 --> 02:19:20,320
Maintaining transparency is an important part here.

1830
02:19:20,320 --> 02:19:22,960
SIP implementation step number two, payments.

1831
02:19:22,960 --> 02:19:30,280
Reads, payments are released once you complete a milestone and submit a invoice through Request

1832
02:19:30,280 --> 02:19:31,280
Finance.

1833
02:19:31,280 --> 02:19:38,000
So if you click that link there, it brings you to a PDF, which gives you steps to go

1834
02:19:38,000 --> 02:19:43,640
to request.finance where you create an account, set up your account, build a sandboxed out.

1835
02:19:43,640 --> 02:19:47,520
And it gives you links and the billing address.

1836
02:19:47,520 --> 02:19:52,600
And there you can see the billing address is that it's the same address that we found

1837
02:19:52,600 --> 02:19:57,080
in the Cayman Islands on South Church Street.

1838
02:19:57,080 --> 02:20:02,200
So we already identified where that is and that you choose your currency.

1839
02:20:02,200 --> 02:20:04,160
It gives you some step by step to get through that.

1840
02:20:04,160 --> 02:20:07,960
I've used this myself for the GMF 2023.

1841
02:20:07,960 --> 02:20:13,720
So that's where I talked about the fluctuation where from the time you sign the contract,

1842
02:20:13,720 --> 02:20:16,500
the time you get paid, there might be a huge amount of fluctuation.

1843
02:20:16,500 --> 02:20:26,200
So if you put, if you put 43,000 sand and your bills are not $43,000, then, or I guess

1844
02:20:26,200 --> 02:20:30,320
trade at 26 cents, you can do the math there.

1845
02:20:30,320 --> 02:20:37,420
Then you could be only given $20,000 worth of sand versus the $40,000 worth of sand

1846
02:20:37,420 --> 02:20:39,920
that you're contractually entitled to.

1847
02:20:39,920 --> 02:20:46,040
So that was how we had to find a compromise to figure that out with the sandbox team because

1848
02:20:46,040 --> 02:20:52,120
it had devalued so much that I couldn't pay bills with it.

1849
02:20:52,120 --> 02:21:00,880
And it's just not, it's not right to, to force a company to, to not be able to pay their

1850
02:21:00,880 --> 02:21:07,600
bills when most of the world is still operating in Web 2 environment with USD and the United

1851
02:21:07,600 --> 02:21:11,160
States dollars and the Euro.

1852
02:21:11,160 --> 02:21:13,120
So that's that PDF there.

1853
02:21:13,120 --> 02:21:16,800
So we're turning back to the payments step.

1854
02:21:16,800 --> 02:21:21,400
Clear communication of milestone completion will help you receive funding promptly.

1855
02:21:21,400 --> 02:21:24,360
That's where they start talking about the progress reports mentioned earlier that we

1856
02:21:24,360 --> 02:21:25,360
need to be giving.

1857
02:21:25,360 --> 02:21:27,120
And again, I endorse that.

1858
02:21:27,120 --> 02:21:29,320
I think that's great.

1859
02:21:29,320 --> 02:21:35,120
And then implementation step number three, funding pauses or revocations.

1860
02:21:35,120 --> 02:21:40,040
Your funding may be paused or revoked if the following conditions occur.

1861
02:21:40,040 --> 02:21:43,200
Failure to provide progress reports according to the roadmap and milestones set in your

1862
02:21:43,200 --> 02:21:44,440
proposal.

1863
02:21:44,440 --> 02:21:48,840
Delivering progress reports that do not meet the expectations outlined in your SIP.

1864
02:21:48,840 --> 02:21:54,040
Okay, so progress reports doesn't say how often, but progress reports, you know, could

1865
02:21:54,040 --> 02:22:00,860
mean weekly, just establish something and go with it with the sandbox style admin team.

1866
02:22:00,860 --> 02:22:02,200
So keep on, we're keeping on reading.

1867
02:22:02,200 --> 02:22:05,600
You are expected to address the issues and get back on track.

1868
02:22:05,600 --> 02:22:10,760
If progress is not made within this period, further actions may be taken, including the

1869
02:22:10,760 --> 02:22:13,760
potential revocation of the funding.

1870
02:22:13,760 --> 02:22:18,360
All right, so that's SIP implementation period.

1871
02:22:18,360 --> 02:22:24,040
So in on my analysis slide, I only noted a couple of things.

1872
02:22:24,040 --> 02:22:26,680
This is pretty, pretty self-explanatory.

1873
02:22:26,680 --> 02:22:32,240
Under step one milestone completion, where it said after validation, the progress will

1874
02:22:32,240 --> 02:22:36,080
be shared with the community to maintain transparency.

1875
02:22:36,080 --> 02:22:38,420
I think this has really been working very well.

1876
02:22:38,420 --> 02:22:45,640
So an example of that is SIP number seven, which is the sandbox staking budget.

1877
02:22:45,640 --> 02:22:57,240
So this was approved SIP seven a few months ago now, and it applied that was a 750,000

1878
02:22:57,240 --> 02:23:02,000
SAN that was applied across what, 32 weeks, I believe.

1879
02:23:02,000 --> 02:23:03,560
Right, 32 weeks.

1880
02:23:03,560 --> 02:23:06,960
It was approved and then it was implemented.

1881
02:23:06,960 --> 02:23:14,000
And you knew it was implemented because the DAO admin team gave updates.

1882
02:23:14,000 --> 02:23:16,560
So let's see, where was the first update?

1883
02:23:16,560 --> 02:23:17,560
Here it is.

1884
02:23:17,560 --> 02:23:23,600
So July 24th, the DAO admin team said this SIP has been accepted at a majority by the

1885
02:23:23,600 --> 02:23:26,040
community and quorum is reached.

1886
02:23:26,040 --> 02:23:27,040
Implementation will start soon.

1887
02:23:27,040 --> 02:23:28,320
So it was July 24th.

1888
02:23:28,320 --> 02:23:31,680
Then the next update a month later.

1889
02:23:31,680 --> 02:23:39,000
Dear community, I am pleased to inform you that the sand pool for land owners has been

1890
02:23:39,000 --> 02:23:40,740
updated according to the SIP.

1891
02:23:40,740 --> 02:23:45,360
As it was deployed last week, the 750,000 SAN are split among 18 weeks, which is until

1892
02:23:45,360 --> 02:23:52,320
the end of the year, which is an additional 41,000 SAN per week to the 15,000 SAN.

1893
02:23:52,320 --> 02:23:56,040
Regardless, sandbox DAO team, this was posted August 26th.

1894
02:23:56,040 --> 02:24:07,520
Okay, so that's an example of the transparency and progress updates working well.

1895
02:24:07,520 --> 02:24:15,760
DAO team posted these updates, having received progress reports from the team, I assume,

1896
02:24:15,760 --> 02:24:22,180
and then posted that on the forums in the SIP implementation subforum.

1897
02:24:22,180 --> 02:24:26,180
And if you're like me, I only noticed it because I saw the posts there.

1898
02:24:26,180 --> 02:24:29,560
So I saw that the staking had been implemented.

1899
02:24:29,560 --> 02:24:38,080
And then all the other SIPs are undergoing the same thing like Magic Palette, which had

1900
02:24:38,080 --> 02:24:39,440
an update too.

1901
02:24:39,440 --> 02:24:41,420
So this is awesome.

1902
02:24:41,420 --> 02:24:44,840
And I really give kudos to the DAO admin team.

1903
02:24:44,840 --> 02:24:45,840
That's awesome.

1904
02:24:45,840 --> 02:24:47,720
I think it's great to know what's going on.

1905
02:24:47,720 --> 02:24:52,480
It helps us in the ecosystem function and participate.

1906
02:24:52,480 --> 02:24:56,200
So that second one, I didn't have any comments about the payments.

1907
02:24:56,200 --> 02:24:57,800
It's pretty self-explanatory.

1908
02:24:57,800 --> 02:25:02,080
And if it's a little bit, if you haven't gone through it at first, it takes a little

1909
02:25:02,080 --> 02:25:03,080
bit getting used to.

1910
02:25:03,080 --> 02:25:08,760
You kind of have to finagle with the chain that you're on and then the token and then

1911
02:25:08,760 --> 02:25:11,080
you have to, the way it works is just a little bit.

1912
02:25:11,080 --> 02:25:15,920
You have to work with it to make it give you what you're after, which is enter the payment

1913
02:25:15,920 --> 02:25:21,920
as SAN or at least get paid as SAN, even though your contract or your proposal might say USD

1914
02:25:21,920 --> 02:25:22,920
or Euros.

1915
02:25:22,920 --> 02:25:26,400
So you have to kind of finagle that.

1916
02:25:26,400 --> 02:25:28,320
But pretty self-explanatory.

1917
02:25:28,320 --> 02:25:34,840
But then set number three, where it says your funding may be paused or revoked if you have

1918
02:25:34,840 --> 02:25:39,920
a failure to provide progress reports or reports that do not meet expectations.

1919
02:25:39,920 --> 02:25:41,880
And I think that makes a lot of sense.

1920
02:25:41,880 --> 02:25:51,200
That's just standard compliance reporting, regulation reporting, all sorts of stuff that

1921
02:25:51,200 --> 02:25:55,140
is standard in the business world brought out here.

1922
02:25:55,140 --> 02:25:57,080
So cool.

1923
02:25:57,080 --> 02:25:58,080
Love it.

1924
02:25:58,080 --> 02:25:59,920
I love this SIP implementation section.

1925
02:25:59,920 --> 02:26:02,000
Makes a lot of sense.

1926
02:26:02,000 --> 02:26:03,000
All right.

1927
02:26:03,000 --> 02:26:04,440
The next section is a SIP rejection.

1928
02:26:04,440 --> 02:26:06,720
It's a pretty short section.

1929
02:26:06,720 --> 02:26:12,160
All it says is you can resubmit three months after vote rejection, carefully read the feedback

1930
02:26:12,160 --> 02:26:15,980
and identify areas that need improvement.

1931
02:26:15,980 --> 02:26:22,480
So our analysis of that is just highlighting that you can only resubmit three months, so

1932
02:26:22,480 --> 02:26:25,520
90 days after your vote is rejected.

1933
02:26:25,520 --> 02:26:30,640
And again, we're not 100% sure, but pretty sure that rejection also means if it fails

1934
02:26:30,640 --> 02:26:31,880
quorum.

1935
02:26:31,880 --> 02:26:37,400
And then the next bullet was you have to carefully read for your feedback in areas that need

1936
02:26:37,400 --> 02:26:38,760
improvement.

1937
02:26:38,760 --> 02:26:43,920
So all the feedback that you got on discourse, Twitter, everything else, incorporate as best

1938
02:26:43,920 --> 02:26:48,360
you can so the next time it goes around, it either makes quorum or passes.

1939
02:26:48,360 --> 02:26:49,360
Okay.

1940
02:26:49,360 --> 02:26:54,760
So got through SIP rejection.

1941
02:26:54,760 --> 02:26:56,960
And let's just look at a high level.

1942
02:26:56,960 --> 02:26:57,960
Now the template.

1943
02:26:57,960 --> 02:26:58,960
All right.

1944
02:26:58,960 --> 02:27:04,680
So the templates, the last thing we're going to go over the template, the old template

1945
02:27:04,680 --> 02:27:06,360
was based on a Google Doc.

1946
02:27:06,360 --> 02:27:07,360
All right.

1947
02:27:07,360 --> 02:27:15,840
That Google Doc now shows here old template, but it had this you, you copied it to your

1948
02:27:15,840 --> 02:27:19,760
own drive and then you modified it.

1949
02:27:19,760 --> 02:27:23,960
And this is what you shared with and submitted to the Dow email.

1950
02:27:23,960 --> 02:27:26,320
You filled it out, sent it to them.

1951
02:27:26,320 --> 02:27:27,320
All right.

1952
02:27:27,320 --> 02:27:29,880
So that's the old process.

1953
02:27:29,880 --> 02:27:37,440
It contained three big sections, really two sections, but three if you count the intro

1954
02:27:37,440 --> 02:27:42,360
part and there was about 17 questions you had to answer.

1955
02:27:42,360 --> 02:27:46,960
All right, everything from proposal title banner, the who, what, when, why, how, the

1956
02:27:46,960 --> 02:27:51,720
problem description, the budget, the implementation plan, additional resources, all that.

1957
02:27:51,720 --> 02:27:53,600
17 questions.

1958
02:27:53,600 --> 02:27:56,360
The new template uses the type form.

1959
02:27:56,360 --> 02:27:57,480
All right.

1960
02:27:57,480 --> 02:28:00,160
We're about to get into that now.

1961
02:28:00,160 --> 02:28:09,400
Uses the type form and it is delved into kind of one, two, three, four sections.

1962
02:28:09,400 --> 02:28:14,080
So SIP overview, proposal details, the implementation plan and the team.

1963
02:28:14,080 --> 02:28:17,480
And it numbers about 25 questions.

1964
02:28:17,480 --> 02:28:25,100
So if you have only a tier one SIP, so two milestones, then you deduct that by three.

1965
02:28:25,100 --> 02:28:29,360
So 23 questions you have to answer because of the milestones.

1966
02:28:29,360 --> 02:28:33,840
But if you have a $200,000 or more SIP, then you're at a tier three SIP, which means you

1967
02:28:33,840 --> 02:28:36,040
have 25 questions you have to answer.

1968
02:28:36,040 --> 02:28:37,040
Okay.

1969
02:28:37,040 --> 02:28:38,040
So that is the high level.

1970
02:28:38,040 --> 02:28:45,760
We went from Google Doc with 17 questions you have to answer to a type form with 25

1971
02:28:45,760 --> 02:28:47,760
questions you have to answer.

1972
02:28:47,760 --> 02:28:48,760
Okay.

1973
02:28:48,760 --> 02:28:50,760
And here's how you map that.

1974
02:28:50,760 --> 02:28:54,240
We're going to just mapping the way it all kind of connects together.

1975
02:28:54,240 --> 02:28:58,460
You can see the proposal title banner.

1976
02:28:58,460 --> 02:29:01,380
It links up and combines with the TLDR.

1977
02:29:01,380 --> 02:29:06,920
And now it's done in what they call the SIP interview or SIP overview, excuse me.

1978
02:29:06,920 --> 02:29:11,380
The SIP overview is itself eight questions, eight sub questions.

1979
02:29:11,380 --> 02:29:17,200
So I didn't even count that when it comes to the 25.

1980
02:29:17,200 --> 02:29:21,800
So it is longer than that, but it's kind of like sub questions to the SIP overview.

1981
02:29:21,800 --> 02:29:23,080
And I just counted as one.

1982
02:29:23,080 --> 02:29:25,160
So we're tomato, tomato.

1983
02:29:25,160 --> 02:29:27,400
That's just how I did it.

1984
02:29:27,400 --> 02:29:33,240
And so you can see kind of the TLDR and the proposal title banner is getting combined

1985
02:29:33,240 --> 02:29:42,080
in that SIP overview, whereas the SIP details in the old Google Docs is now split among

1986
02:29:42,080 --> 02:29:51,020
the proposal details, the implementation plan, and some parts of the team section.

1987
02:29:51,020 --> 02:30:02,520
But a lot of the questions in the beginning and the team are not a lot.

1988
02:30:02,520 --> 02:30:06,180
So a lot of the questions in the beginning are new.

1989
02:30:06,180 --> 02:30:10,560
And then some of the questions in the team section are new.

1990
02:30:10,560 --> 02:30:12,240
That's where you'll see a lot of the new stuff.

1991
02:30:12,240 --> 02:30:16,400
The old stuff you'll see combined in the middle, which is the proposal details, the implementation

1992
02:30:16,400 --> 02:30:18,760
plan, and most of the team.

1993
02:30:18,760 --> 02:30:19,760
Okay.

1994
02:30:19,760 --> 02:30:23,380
And then there's one one here that gets a little squirrely where it kind of gets stuck

1995
02:30:23,380 --> 02:30:25,080
in the middle of the alternatives considered.

1996
02:30:25,080 --> 02:30:28,560
So they reorganized it.

1997
02:30:28,560 --> 02:30:35,840
And that is that is the high level view of the new template to the new type form.

1998
02:30:35,840 --> 02:30:42,120
And we're going to go into the depths now of of that type form here.

1999
02:30:42,120 --> 02:30:45,680
So I'm going to show you what it looks like.

2000
02:30:45,680 --> 02:30:52,220
All right, let's here we go.

2001
02:30:52,220 --> 02:30:56,520
So it says that when you go to the type form, you see the banner at the top, and then it

2002
02:30:56,520 --> 02:30:59,600
says welcome to the sandbox style SIP submission form.

2003
02:30:59,600 --> 02:31:03,260
Please complete each of the questions to provide us with the information we need to assess

2004
02:31:03,260 --> 02:31:05,040
your project or request.

2005
02:31:05,040 --> 02:31:10,100
The sandbox style team will get in touch about the next SIPs and follow up information.

2006
02:31:10,100 --> 02:31:13,540
If your proposal meets the guidelines, it will go under curation before undergoing a

2007
02:31:13,540 --> 02:31:15,700
final vote across the Dow.

2008
02:31:15,700 --> 02:31:21,000
And as we explained earlier, there's there seems like a multi step curation process there.

2009
02:31:21,000 --> 02:31:25,860
If you have any questions about the application process, visit the guidelines page on sandbox

2010
02:31:25,860 --> 02:31:28,000
style.com slash guidelines.

2011
02:31:28,000 --> 02:31:33,440
We just finished going over that web page in this podcast.

2012
02:31:33,440 --> 02:31:35,640
And then there's here's the get started button.

2013
02:31:35,640 --> 02:31:36,640
So let's get started.

2014
02:31:36,640 --> 02:31:42,600
All right, I really like type form, because it gives you the ability to use your keyboard.

2015
02:31:42,600 --> 02:31:47,960
So as you'll see here, you can see the yes has a has a y here.

2016
02:31:47,960 --> 02:31:51,680
So if you press y, or n, it will register that vote.

2017
02:31:51,680 --> 02:31:52,680
So that's pretty cool.

2018
02:31:52,680 --> 02:31:53,680
Very modern.

2019
02:31:53,680 --> 02:31:57,100
But anyways, here's the first question.

2020
02:31:57,100 --> 02:31:58,600
Are you require?

2021
02:31:58,600 --> 02:32:01,440
Are you resubmitting a SIP that has been put to vote?

2022
02:32:01,440 --> 02:32:06,520
All right, if you say yes, you are resubmitting.

2023
02:32:06,520 --> 02:32:10,280
So meaning your SIP got rejected and three months later, you're submitting it.

2024
02:32:10,280 --> 02:32:11,280
Yes.

2025
02:32:11,280 --> 02:32:13,700
It's going to ask you to link your previous SIP.

2026
02:32:13,700 --> 02:32:15,020
That's question number two.

2027
02:32:15,020 --> 02:32:19,760
But it's really a sub question because this question doesn't appear if you say no.

2028
02:32:19,760 --> 02:32:23,680
So you linked your previous SIP, if you say yes to the first question.

2029
02:32:23,680 --> 02:32:26,660
Okay, so let's go back.

2030
02:32:26,660 --> 02:32:28,580
Are you resubmitting a SIP that has put to vote?

2031
02:32:28,580 --> 02:32:32,360
Most of us are going to say no, we are not resubmitting a SIP that has been put to vote.

2032
02:32:32,360 --> 02:32:35,720
This is the first time where we're submitting a SIP.

2033
02:32:35,720 --> 02:32:38,880
And we've been invited by the Dow team per the new rules.

2034
02:32:38,880 --> 02:32:41,040
So no.

2035
02:32:41,040 --> 02:32:42,980
Next question, question number two.

2036
02:32:42,980 --> 02:32:46,400
Have you been contacted by the Dow team to submit your SIP?

2037
02:32:46,400 --> 02:32:47,720
All right.

2038
02:32:47,720 --> 02:32:53,760
So if you have not been invited, right, so that's that invitation period that we move

2039
02:32:53,760 --> 02:32:55,560
to now with the new rules.

2040
02:32:55,560 --> 02:33:03,160
If you say no, and you hit submit, it will then say await approval from a Dow team member

2041
02:33:03,160 --> 02:33:06,200
and you'll have to start the form all over again.

2042
02:33:06,200 --> 02:33:08,240
Right?

2043
02:33:08,240 --> 02:33:19,080
So this form assumes when you get started that you have been contacted by the Dow team,

2044
02:33:19,080 --> 02:33:25,000
by the Dow admin team, and you are now submitting your SIP right now.

2045
02:33:25,000 --> 02:33:26,960
So you hit yes.

2046
02:33:26,960 --> 02:33:30,100
Been contacted by the Dow team, you're now submitting your SIP.

2047
02:33:30,100 --> 02:33:31,100
Question three.

2048
02:33:31,100 --> 02:33:32,400
Have you read the SIP guidelines?

2049
02:33:32,400 --> 02:33:34,340
All right, so there's the guidelines.

2050
02:33:34,340 --> 02:33:35,460
It wants you to read them.

2051
02:33:35,460 --> 02:33:39,540
We just went over them for the past three hours.

2052
02:33:39,540 --> 02:33:46,120
So if you want to see that in detail, go back and listen to all of that to your heart's

2053
02:33:46,120 --> 02:33:47,320
content.

2054
02:33:47,320 --> 02:33:49,520
So have you read the SIP guidelines?

2055
02:33:49,520 --> 02:33:57,440
You would say, if you say no, it still lets you continue on to question number four.

2056
02:33:57,440 --> 02:34:00,120
We'll go back and we'll say, yeah, we've read the guidelines.

2057
02:34:00,120 --> 02:34:03,840
I assume, I assume they're not going to be happy if you say no, they're going to say,

2058
02:34:03,840 --> 02:34:07,320
hey, make sure you read the guidelines or I don't know.

2059
02:34:07,320 --> 02:34:11,140
I'm not really sure what what no means there if you can continue.

2060
02:34:11,140 --> 02:34:15,180
But question number four, let's just say yes, we read the guidelines like good sandbox style

2061
02:34:15,180 --> 02:34:16,180
community members.

2062
02:34:16,180 --> 02:34:18,760
We read them.

2063
02:34:18,760 --> 02:34:22,280
And which category are you targeting is question number four.

2064
02:34:22,280 --> 02:34:24,960
And it reads, select the category that best suits your project.

2065
02:34:24,960 --> 02:34:29,800
So if you click that little bit hard to read because of a dark gray background, but it

2066
02:34:29,800 --> 02:34:39,320
goes over the one, two, three, four, five, six budget categories that we went over earlier.

2067
02:34:39,320 --> 02:34:42,320
There were nine before the new rules.

2068
02:34:42,320 --> 02:34:48,360
There are now six, which only represents 47% of the 15.5 million budget.

2069
02:34:48,360 --> 02:34:53,040
So still need clarity on what happened to the other four, which represents 52% of the

2070
02:34:53,040 --> 02:34:55,560
budget is it accessible now?

2071
02:34:55,560 --> 02:35:00,240
For this form, it does look inaccessible, but maybe there's a realignment of some kind

2072
02:35:00,240 --> 02:35:04,280
coming really requests some help from the data I'm attaining to figure that out.

2073
02:35:04,280 --> 02:35:07,440
So let's just say we are a sand initiative.

2074
02:35:07,440 --> 02:35:09,520
It's kind of a good catch all.

2075
02:35:09,520 --> 02:35:13,560
So we're we're applying for the sand initiative budget.

2076
02:35:13,560 --> 02:35:19,600
The next question asked sip overview, provide us with the main information of your project

2077
02:35:19,600 --> 02:35:20,600
proposal.

2078
02:35:20,600 --> 02:35:21,600
Okay.

2079
02:35:21,600 --> 02:35:28,280
So you hit continue and here is the first subsection.

2080
02:35:28,280 --> 02:35:34,180
So we talked about here, the in the sip overview, there were eight questions.

2081
02:35:34,180 --> 02:35:35,960
So we already cleared the first four.

2082
02:35:35,960 --> 02:35:39,560
We're now in the fifth question and we're about to hit this eight sub questions.

2083
02:35:39,560 --> 02:35:42,640
Okay, that's the one that said I need to put there.

2084
02:35:42,640 --> 02:35:44,480
We're going to go over here.

2085
02:35:44,480 --> 02:35:45,840
Sip lead or founder name.

2086
02:35:45,840 --> 02:35:48,000
So you put your founder name.

2087
02:35:48,000 --> 02:35:49,800
So I am Lancer.

2088
02:35:49,800 --> 02:35:51,840
Hit okay.

2089
02:35:51,840 --> 02:35:56,160
Beneficiary wallet address, you'd copy and paste your wallet.

2090
02:35:56,160 --> 02:36:01,080
So they do a little bit of, I guess, KYC know your customer site stuff.

2091
02:36:01,080 --> 02:36:05,800
And then you put that in whatever that's supposed to be.

2092
02:36:05,800 --> 02:36:08,040
And it must be an Ethereum address.

2093
02:36:08,040 --> 02:36:10,840
So this is where you'll they'll send your your funds.

2094
02:36:10,840 --> 02:36:12,800
But in request finance, you have to do that again.

2095
02:36:12,800 --> 02:36:17,000
So I'm not sure quite what that means except maybe KYC.

2096
02:36:17,000 --> 02:36:22,520
But when you go to request finance, you have to input your wallet there too.

2097
02:36:22,520 --> 02:36:25,380
So this reads this address will receive the funds.

2098
02:36:25,380 --> 02:36:27,640
This must be an Ethereum address.

2099
02:36:27,640 --> 02:36:31,000
Okay, so that already tells you.

2100
02:36:31,000 --> 02:36:37,840
Yeah, Ethereum address, entering a non Ethereum address that cannot receive sand may result

2101
02:36:37,840 --> 02:36:40,280
in a permanent loss of funds.

2102
02:36:40,280 --> 02:36:41,640
Okay.

2103
02:36:41,640 --> 02:36:51,160
So standard disclaimer, insert your beneficiary wallet address in question number five.

2104
02:36:51,160 --> 02:36:54,760
All right.

2105
02:36:54,760 --> 02:36:59,160
Question five C, your Sip lead email reads your email address will be used by the Dow

2106
02:36:59,160 --> 02:37:02,200
team to track progress and maintain communication.

2107
02:37:02,200 --> 02:37:05,120
It will be publicly visible in the proposal.

2108
02:37:05,120 --> 02:37:06,280
Interesting.

2109
02:37:06,280 --> 02:37:08,400
That's new ish.

2110
02:37:08,400 --> 02:37:12,440
Not every proposal used to require email be publicly visible.

2111
02:37:12,440 --> 02:37:17,400
The only time it would need to be known was to the Dow team when you shared your Sip Google

2112
02:37:17,400 --> 02:37:22,700
Doc to the Dow admin team, but now it will be publicly visible in the proposal.

2113
02:37:22,700 --> 02:37:26,880
So if you prefer an an enemy using email without personal details.

2114
02:37:26,880 --> 02:37:34,600
Okay, so then I would just do email at email.com.

2115
02:37:34,600 --> 02:37:37,900
But you put your email there and you click OK.

2116
02:37:37,900 --> 02:37:40,240
This is project or company name.

2117
02:37:40,240 --> 02:37:47,640
I'm going to put Meta world's company or Meta world studios.

2118
02:37:47,640 --> 02:37:50,720
That's my my company.

2119
02:37:50,720 --> 02:37:52,580
Hit OK.

2120
02:37:52,580 --> 02:37:58,060
And then now we're at eight E.

2121
02:37:58,060 --> 02:38:01,040
Question five E. Where is the team located?

2122
02:38:01,040 --> 02:38:03,880
This might be where they apply the local laws regulations.

2123
02:38:03,880 --> 02:38:05,500
I don't know.

2124
02:38:05,500 --> 02:38:09,720
They have a lawyer on tap the Traverse Albarga group.

2125
02:38:09,720 --> 02:38:13,440
So maybe this is where they start applying the local laws regulations.

2126
02:38:13,440 --> 02:38:18,040
They have a legal read on what the laws are and if this is contradictory to the laws of

2127
02:38:18,040 --> 02:38:21,880
France or the laws of Colombia.

2128
02:38:21,880 --> 02:38:31,660
Chile, United States, Mexico, Italy, Italy.

2129
02:38:31,660 --> 02:38:33,720
So you you choose your country.

2130
02:38:33,720 --> 02:38:35,160
I am in the United States.

2131
02:38:35,160 --> 02:38:37,480
I put that.

2132
02:38:37,480 --> 02:38:38,520
Sip title.

2133
02:38:38,520 --> 02:38:43,600
This title will appear as the header of your sip and the forum thread for your proposal.

2134
02:38:43,600 --> 02:38:48,640
But just what do I want my title to be?

2135
02:38:48,640 --> 02:38:51,480
Let's do.

2136
02:38:51,480 --> 02:38:52,480
Let's do.

2137
02:38:52,480 --> 02:38:56,320
This is the title.

2138
02:38:56,320 --> 02:38:58,180
So put your title there.

2139
02:38:58,180 --> 02:39:02,480
This title will appear as the header of your sip and the forum thread for your proposal.

2140
02:39:02,480 --> 02:39:06,880
Click OK, then.

2141
02:39:06,880 --> 02:39:10,560
Question five G is project description.

2142
02:39:10,560 --> 02:39:14,480
Provide a concise elevator pitch summary of your project.

2143
02:39:14,480 --> 02:39:17,880
Highlight the key features and benefits your project aims to deliver.

2144
02:39:17,880 --> 02:39:23,120
You will be able to describe the project plan in detail in the following steps.

2145
02:39:23,120 --> 02:39:26,640
So put project description.

2146
02:39:26,640 --> 02:39:29,560
Right project.

2147
02:39:29,560 --> 02:39:30,560
Description here.

2148
02:39:30,560 --> 02:39:31,560
All right.

2149
02:39:31,560 --> 02:39:35,400
You could also click shift enter to make a line break.

2150
02:39:35,400 --> 02:39:36,400
So I would.

2151
02:39:36,400 --> 02:39:37,400
Right.

2152
02:39:37,400 --> 02:39:44,680
Oh, that's show shift enter and then second line here and then shift enter more stuff that

2153
02:39:44,680 --> 02:39:45,680
you can write.

2154
02:39:45,680 --> 02:39:48,400
So you could also copy and paste.

2155
02:39:48,400 --> 02:39:58,560
Let's put copy paste line one copy paste line to copy paste line three.

2156
02:39:58,560 --> 02:40:01,720
So you can then.

2157
02:40:01,720 --> 02:40:03,680
There you go.

2158
02:40:03,680 --> 02:40:09,920
Copy and pasted that from a Word doc or wherever it is that you want to first put your stuff.

2159
02:40:09,920 --> 02:40:14,920
So you could potentially still use the SIP template Google doc.

2160
02:40:14,920 --> 02:40:18,960
Input all the stuff you need to and then copy and paste in here.

2161
02:40:18,960 --> 02:40:20,720
The questions don't match up exactly.

2162
02:40:20,720 --> 02:40:23,560
But as we showed.

2163
02:40:23,560 --> 02:40:25,520
As we showed.

2164
02:40:25,520 --> 02:40:27,280
They match pretty close.

2165
02:40:27,280 --> 02:40:29,960
So you can't go wrong.

2166
02:40:29,960 --> 02:40:30,960
Can't go wrong.

2167
02:40:30,960 --> 02:40:32,880
A lot of them are still very similar.

2168
02:40:32,880 --> 02:40:34,460
All right.

2169
02:40:34,460 --> 02:40:35,460
So here you go.

2170
02:40:35,460 --> 02:40:36,460
Copy paste line one.

2171
02:40:36,460 --> 02:40:39,320
So you write.

2172
02:40:39,320 --> 02:40:41,120
Project description here.

2173
02:40:41,120 --> 02:40:42,120
Okay.

2174
02:40:42,120 --> 02:40:43,120
So.

2175
02:40:43,120 --> 02:40:44,120
Press enter.

2176
02:40:44,120 --> 02:40:45,360
The next.

2177
02:40:45,360 --> 02:40:47,160
Here is your project banner required.

2178
02:40:47,160 --> 02:40:48,160
Not required.

2179
02:40:48,160 --> 02:40:51,800
So you got to make a.

2180
02:40:51,800 --> 02:40:53,960
Pretty nifty banner.

2181
02:40:53,960 --> 02:40:56,520
Something that is is eye catchy.

2182
02:40:56,520 --> 02:40:57,520
Right.

2183
02:40:57,520 --> 02:40:59,960
So what is my banner going to be.

2184
02:40:59,960 --> 02:41:01,960
It's going to be.

2185
02:41:01,960 --> 02:41:06,520
What I want it to be.

2186
02:41:06,520 --> 02:41:09,080
Let's just put.

2187
02:41:09,080 --> 02:41:11,920
Where's my.

2188
02:41:11,920 --> 02:41:12,920
Cover art.

2189
02:41:12,920 --> 02:41:13,920
There we go.

2190
02:41:13,920 --> 02:41:14,920
Some of them are.

2191
02:41:14,920 --> 02:41:21,440
So if I was doing something like for Sandow podcast.

2192
02:41:21,440 --> 02:41:24,840
Then I would use.

2193
02:41:24,840 --> 02:41:27,520
Something like.

2194
02:41:27,520 --> 02:41:28,520
This.

2195
02:41:28,520 --> 02:41:29,520
Oh.

2196
02:41:29,520 --> 02:41:33,760
Sandow podcasts banner.

2197
02:41:33,760 --> 02:41:34,760
Looks pretty cool.

2198
02:41:34,760 --> 02:41:37,380
I love it.

2199
02:41:37,380 --> 02:41:38,380
And that's your banner.

2200
02:41:38,380 --> 02:41:42,680
So the size has to be 19, 20 by 1080.

2201
02:41:42,680 --> 02:41:44,600
Or at least I guess no bigger than.

2202
02:41:44,600 --> 02:41:46,840
And the format must be a pinger jpeg.

2203
02:41:46,840 --> 02:41:47,840
Okay.

2204
02:41:47,840 --> 02:41:49,600
So then you click okay.

2205
02:41:49,600 --> 02:41:51,120
And then the next.

2206
02:41:51,120 --> 02:41:52,640
So this is the next section.

2207
02:41:52,640 --> 02:41:55,120
So we're now out of.

2208
02:41:55,120 --> 02:41:56,120
Sip overview.

2209
02:41:56,120 --> 02:41:59,400
And we're now in proposal details section.

2210
02:41:59,400 --> 02:42:02,480
So we're now progressing to question number six.

2211
02:42:02,480 --> 02:42:04,080
All right.

2212
02:42:04,080 --> 02:42:07,720
So question number six is.

2213
02:42:07,720 --> 02:42:08,760
Proposed details.

2214
02:42:08,760 --> 02:42:11,960
So let's dive deeper into the specifics of your proposal here.

2215
02:42:11,960 --> 02:42:16,440
You will outline the technical aspects development roadmap milestones and any dependencies or

2216
02:42:16,440 --> 02:42:17,440
risks.

2217
02:42:17,440 --> 02:42:21,800
This section should offer a clear understanding of the project scope and its intended impact

2218
02:42:21,800 --> 02:42:24,560
on the sandbox ecosystem.

2219
02:42:24,560 --> 02:42:33,920
So you can start to see some aligning of what they talked about earlier in the SIP guidelines.

2220
02:42:33,920 --> 02:42:35,540
So the SIP implementation.

2221
02:42:35,540 --> 02:42:39,440
The discussion and voting and eligible SIPs.

2222
02:42:39,440 --> 02:42:41,120
The My Submission Checklist.

2223
02:42:41,120 --> 02:42:43,920
All this stuff that we just went over.

2224
02:42:43,920 --> 02:42:48,400
Is also starting to come into play here.

2225
02:42:48,400 --> 02:42:50,400
And the type form.

2226
02:42:50,400 --> 02:42:52,080
Okay.

2227
02:42:52,080 --> 02:42:54,600
So we are proposal details.

2228
02:42:54,600 --> 02:42:58,340
So if you hit enter now you're at question number six.

2229
02:42:58,340 --> 02:43:01,160
What is the problem you are trying to solve?

2230
02:43:01,160 --> 02:43:06,160
The description reads a problem is not an absence of solutions.

2231
02:43:06,160 --> 02:43:10,640
Include references to previous discussions, decisions or relevant external information

2232
02:43:10,640 --> 02:43:11,640
here.

2233
02:43:11,640 --> 02:43:13,480
So then you would.

2234
02:43:13,480 --> 02:43:16,560
Explanation about the problem.

2235
02:43:16,560 --> 02:43:18,400
Okay.

2236
02:43:18,400 --> 02:43:21,800
And then.

2237
02:43:21,800 --> 02:43:23,760
Question seven.

2238
02:43:23,760 --> 02:43:26,400
How your solution can solve this problem.

2239
02:43:26,400 --> 02:43:30,880
This should include a description of the feature or content you want to create what needs or

2240
02:43:30,880 --> 02:43:38,600
goals your work may satisfy for game experience detail the game concept and key features.

2241
02:43:38,600 --> 02:43:40,520
Solution goes here.

2242
02:43:40,520 --> 02:43:42,080
All right.

2243
02:43:42,080 --> 02:43:48,640
Question number eight.

2244
02:43:48,640 --> 02:43:51,600
Benefits go here.

2245
02:43:51,600 --> 02:43:52,600
Question nine.

2246
02:43:52,600 --> 02:43:55,240
Provide a risk analysis of your project.

2247
02:43:55,240 --> 02:44:02,800
Identify any potential risks that could impact the successful execution of your project.

2248
02:44:02,800 --> 02:44:07,960
This can include technical challenges, resource limitations, security vulnerabilities or market

2249
02:44:07,960 --> 02:44:10,440
related uncertainties.

2250
02:44:10,440 --> 02:44:15,120
For each risk briefly explain how it might affect the project and what mitigation strategies

2251
02:44:15,120 --> 02:44:18,480
you have in place to address them.

2252
02:44:18,480 --> 02:44:19,760
Risk analysis.

2253
02:44:19,760 --> 02:44:21,240
My recommendation I've done.

2254
02:44:21,240 --> 02:44:23,040
Let's go back one.

2255
02:44:23,040 --> 02:44:25,800
My recommendation I've done a lot of risk analysis.

2256
02:44:25,800 --> 02:44:29,800
A lot of risk as a program manager of many projects.

2257
02:44:29,800 --> 02:44:31,920
I have to do risk analysis.

2258
02:44:31,920 --> 02:44:33,640
I have to have a very strong risk analysis.

2259
02:44:33,640 --> 02:44:35,760
It would call it risk management framework.

2260
02:44:35,760 --> 02:44:36,760
RMF.

2261
02:44:36,760 --> 02:44:42,640
You have to have a strong risk management framework in order to properly manage your

2262
02:44:42,640 --> 02:44:45,640
cost schedule and your performance.

2263
02:44:45,640 --> 02:44:51,240
If you have your PMP it's called cost schedule and scope.

2264
02:44:51,240 --> 02:44:54,800
So you want to manage that and how do you manage that?

2265
02:44:54,800 --> 02:45:01,320
You identify your high risk areas, your consequence and your likelihood and then you try to mitigate

2266
02:45:01,320 --> 02:45:02,320
those risks.

2267
02:45:02,320 --> 02:45:07,880
There are also other risk strategies like avoiding, accepting, transferring that sort

2268
02:45:07,880 --> 02:45:11,720
of thing but in most risks you're trying to mitigate them.

2269
02:45:11,720 --> 02:45:15,760
So this is a little bit of tidbit advice here.

2270
02:45:15,760 --> 02:45:18,080
Here's how I recommend you do it.

2271
02:45:18,080 --> 02:45:22,640
For your risk analysis you're looking to first put a sentence.

2272
02:45:22,640 --> 02:45:28,040
What you want to say is if something bad happens.

2273
02:45:28,040 --> 02:45:30,040
Oops, I'm sorry.

2274
02:45:30,040 --> 02:45:31,040
I had it backwards.

2275
02:45:31,040 --> 02:45:38,160
If something happens then something bad happens.

2276
02:45:38,160 --> 02:45:43,480
That's the basic risk management framework sentence that you're trying to get after.

2277
02:45:43,480 --> 02:45:47,640
So it's called RMF.

2278
02:45:47,640 --> 02:45:50,640
So here's an example of that.

2279
02:45:50,640 --> 02:46:03,080
If my plane delays then I am late to my business meeting.

2280
02:46:03,080 --> 02:46:04,080
Okay?

2281
02:46:04,080 --> 02:46:09,680
So that's a good risk statement.

2282
02:46:09,680 --> 02:46:16,640
So if something happens something bad results and that something bad impacts usually your

2283
02:46:16,640 --> 02:46:24,000
cost, your schedule or your performance otherwise known as scope.

2284
02:46:24,000 --> 02:46:25,000
So what you have to do.

2285
02:46:25,000 --> 02:46:30,160
So how much you're paying or getting paid, how much time you have to do things and what

2286
02:46:30,160 --> 02:46:32,800
you have to do to be successful.

2287
02:46:32,800 --> 02:46:35,760
So that's normally what your risk is affecting.

2288
02:46:35,760 --> 02:46:38,720
Alright, it's what your then statement is for.

2289
02:46:38,720 --> 02:46:47,240
And then if you really want to be an eager beaver you assign a likelihood and a consequence.

2290
02:46:47,240 --> 02:46:50,000
So your risk matrix is a 5x5.

2291
02:46:50,000 --> 02:46:53,040
So your left hand side, so you go up before you over.

2292
02:46:53,040 --> 02:46:56,240
Your up is your likelihood, consequence.

2293
02:46:56,240 --> 02:46:59,360
How many times I started this thing?

2294
02:46:59,360 --> 02:47:00,360
Risk matrix.

2295
02:47:00,360 --> 02:47:01,360
I forget that.

2296
02:47:01,360 --> 02:47:04,360
I think it's likelihood first.

2297
02:47:04,360 --> 02:47:05,360
Right?

2298
02:47:05,360 --> 02:47:08,180
Yeah, yeah, likelihood.

2299
02:47:08,180 --> 02:47:09,180
So you go up first.

2300
02:47:09,180 --> 02:47:11,800
So you 1 through 5 up.

2301
02:47:11,800 --> 02:47:13,540
And so that is your likelihood.

2302
02:47:13,540 --> 02:47:15,040
How likely is it?

2303
02:47:15,040 --> 02:47:19,700
Five being certain and one being very unlikely.

2304
02:47:19,700 --> 02:47:24,400
And then your consequence is your over, your x-axis.

2305
02:47:24,400 --> 02:47:28,280
That is barely impacts.

2306
02:47:28,280 --> 02:47:35,280
So my delay could be if it does delay, if this risk does happen then how bad would it

2307
02:47:35,280 --> 02:47:36,280
be?

2308
02:47:36,280 --> 02:47:37,460
And you might say it depends.

2309
02:47:37,460 --> 02:47:38,560
But here's how risk works.

2310
02:47:38,560 --> 02:47:39,560
You have to project.

2311
02:47:39,560 --> 02:47:40,560
You have to estimate.

2312
02:47:40,560 --> 02:47:43,040
You have to do the best you can.

2313
02:47:43,040 --> 02:47:44,040
Risk is an art form.

2314
02:47:44,040 --> 02:47:46,920
It's not really a, it's not like math.

2315
02:47:46,920 --> 02:47:52,720
You have to judge based on expertise, experience, and intuition.

2316
02:47:52,720 --> 02:48:01,560
So your 5 on your x-axis, your consequence, one being doesn't really affect you much,

2317
02:48:01,560 --> 02:48:08,480
barely anything, maybe five minutes late, or affects you greatly and 5 being mission

2318
02:48:08,480 --> 02:48:09,560
failure.

2319
02:48:09,560 --> 02:48:13,160
So you fail on one of these here.

2320
02:48:13,160 --> 02:48:20,480
You go over budget or you go way over schedule or you break your success parameters.

2321
02:48:20,480 --> 02:48:23,000
That would be like a 5.

2322
02:48:23,000 --> 02:48:27,720
It breaks you entirely and very hard to recover from.

2323
02:48:27,720 --> 02:48:32,720
So if you do those two things, you're in a good spot when it comes to risk management

2324
02:48:32,720 --> 02:48:33,720
framework.

2325
02:48:33,720 --> 02:48:39,560
And that's just, like I said, me being a program manager for the past number of years and I

2326
02:48:39,560 --> 02:48:44,200
oversee dozens and dozens of projects for my program.

2327
02:48:44,200 --> 02:48:49,280
So we have to do, we have to be pretty strong in our risk management and because we have

2328
02:48:49,280 --> 02:48:52,300
so many things tracking against different items.

2329
02:48:52,300 --> 02:48:57,000
So as a SIP author, you have to now consider that yourself.

2330
02:48:57,000 --> 02:49:00,560
What is your points of failure?

2331
02:49:00,560 --> 02:49:04,000
And you're looking for something that's going to affect your cost, your schedule, or your

2332
02:49:04,000 --> 02:49:05,000
performance and scope.

2333
02:49:05,000 --> 02:49:06,000
Okay.

2334
02:49:06,000 --> 02:49:11,960
And if you do the if then statement, if something happens, then something bad happens, then

2335
02:49:11,960 --> 02:49:12,960
you're in a good spot.

2336
02:49:12,960 --> 02:49:15,760
You're in a really good spot.

2337
02:49:15,760 --> 02:49:17,460
Okay.

2338
02:49:17,460 --> 02:49:21,880
And that would be your risk matrix likelihood.

2339
02:49:21,880 --> 02:49:27,160
So yeah, a little bit of a little bit of stuff right there.

2340
02:49:27,160 --> 02:49:32,120
In fact, let's actually slide out of that.

2341
02:49:32,120 --> 02:49:34,000
That might be useful later on.

2342
02:49:34,000 --> 02:49:43,680
All right, so let's do our RMF and stick that bad boy right here.

2343
02:49:43,680 --> 02:49:46,280
And boom.

2344
02:49:46,280 --> 02:49:49,280
Risk.

2345
02:49:49,280 --> 02:49:50,720
And that what question was that again?

2346
02:49:50,720 --> 02:49:53,040
It was question number nine.

2347
02:49:53,040 --> 02:50:10,720
So we want is q nine of type form submission form, whatever we go.

2348
02:50:10,720 --> 02:50:16,440
And so we have our risk management framework and your basic how do you do it?

2349
02:50:16,440 --> 02:50:19,040
And then you have your five by five risk matrix.

2350
02:50:19,040 --> 02:50:22,000
And here, let me just let me show you what it looks like.

2351
02:50:22,000 --> 02:50:23,000
So you can see it.

2352
02:50:23,000 --> 02:50:25,960
If you Google it, you'll find it really, really easy.

2353
02:50:25,960 --> 02:50:26,960
Super.

2354
02:50:26,960 --> 02:50:32,160
And once you do it once or twice, you can get the hang of it.

2355
02:50:32,160 --> 02:50:36,440
You can hang of it just fine.

2356
02:50:36,440 --> 02:50:44,000
And so this is from this is from oops, and do that.

2357
02:50:44,000 --> 02:50:45,000
Do it here.

2358
02:50:45,000 --> 02:50:51,520
Actually, I'll just show you just show you in Google.

2359
02:50:51,520 --> 02:50:53,840
Here you go.

2360
02:50:53,840 --> 02:50:55,520
So this is what risk management frameworks works like.

2361
02:50:55,520 --> 02:50:58,520
This is what all the program managers are doing and stuff like that.

2362
02:50:58,520 --> 02:51:01,360
A little bit harder to see, I guess.

2363
02:51:01,360 --> 02:51:02,360
Is there?

2364
02:51:02,360 --> 02:51:03,360
This is a good one.

2365
02:51:03,360 --> 02:51:04,360
This is a good one.

2366
02:51:04,360 --> 02:51:10,080
This one kind of shows you the spread of if you are a one or if you're a three, which

2367
02:51:10,080 --> 02:51:17,120
means the likelihood is possible, and if you are a four, your significant consequence,

2368
02:51:17,120 --> 02:51:18,960
you are medium high risk.

2369
02:51:18,960 --> 02:51:23,200
Okay, so if you start, that's why you don't want to say like, I'm a five, five, it's definitely

2370
02:51:23,200 --> 02:51:24,200
gonna happen.

2371
02:51:24,200 --> 02:51:26,200
It's definitely gonna be really bad, because you're very high risk.

2372
02:51:26,200 --> 02:51:28,560
It's a severe impact.

2373
02:51:28,560 --> 02:51:32,720
That means that you need to risk mitigate big time, you've got a lot to do a lot of

2374
02:51:32,720 --> 02:51:33,840
work.

2375
02:51:33,840 --> 02:51:40,520
But if you're one one, then you look like maybe you're your paper, your paper whipping

2376
02:51:40,520 --> 02:51:43,960
the process, you're not really treating it seriously.

2377
02:51:43,960 --> 02:51:45,960
So you want to give it some thought.

2378
02:51:45,960 --> 02:51:50,080
And if you construct an if then statement, like we just showed, then you'll you'll be

2379
02:51:50,080 --> 02:51:55,640
in a good place to judge what likelihood is it a very unlikely, unlikely, possible, likely,

2380
02:51:55,640 --> 02:52:01,320
very likely, or is the impact negligible, minor, moderate, significant, severe, and

2381
02:52:01,320 --> 02:52:02,320
work that out.

2382
02:52:02,320 --> 02:52:07,560
Yeah, easy peasy.

2383
02:52:07,560 --> 02:52:09,520
So your risk matrix likelihood and consequence.

2384
02:52:09,520 --> 02:52:11,320
And that's that's what it looks like now.

2385
02:52:11,320 --> 02:52:13,080
Okay, so that's cool.

2386
02:52:13,080 --> 02:52:14,480
Wasn't expecting to do that one.

2387
02:52:14,480 --> 02:52:21,040
But a little a little bit of a little bit tidbits going on there.

2388
02:52:21,040 --> 02:52:23,400
Let's go back to our type form.

2389
02:52:23,400 --> 02:52:25,400
And where are we?

2390
02:52:25,400 --> 02:52:29,600
We're at question number number nine.

2391
02:52:29,600 --> 02:52:35,560
Alright, so hit enter and then next alternatives considered is question number 10.

2392
02:52:35,560 --> 02:52:40,200
Outline any alternative approaches or solutions you consider during the planning process,

2393
02:52:40,200 --> 02:52:42,640
planning phase of your project.

2394
02:52:42,640 --> 02:52:46,600
Explain why these alternatives were not selected and how your chosen approach offers the best

2395
02:52:46,600 --> 02:52:52,600
outcome in terms of feasibility impact or alignment sandboxes goals.

2396
02:52:52,600 --> 02:52:58,400
Okay, so then you type alternatives here.

2397
02:52:58,400 --> 02:53:02,920
Hit enter and then you want to go into your budget requested.

2398
02:53:02,920 --> 02:53:06,160
So this is another section.

2399
02:53:06,160 --> 02:53:08,960
So I didn't should have done that right there.

2400
02:53:08,960 --> 02:53:11,920
So budget requested goes into two sub questions.

2401
02:53:11,920 --> 02:53:13,960
So it's question number 11.

2402
02:53:13,960 --> 02:53:17,840
The budget must be carefully crafted to bring transparency to the community.

2403
02:53:17,840 --> 02:53:22,680
And I noted here that the discrepancy that I mentioned earlier, where my Sandel podcast

2404
02:53:22,680 --> 02:53:29,280
sip was required to be really, really lengthy and it's in its estimate.

2405
02:53:29,280 --> 02:53:34,640
But the the ideal sip that was offered and quoted only gave like a one liner.

2406
02:53:34,640 --> 02:53:37,560
And you'll see why that's interesting here.

2407
02:53:37,560 --> 02:53:43,920
So just specify the currency is question, some question A, you can select euros, USD

2408
02:53:43,920 --> 02:53:44,920
or sand.

2409
02:53:44,920 --> 02:53:47,240
Let's just select euros.

2410
02:53:47,240 --> 02:53:50,640
So then you some question B is total budget.

2411
02:53:50,640 --> 02:53:53,760
State the total cost of your project and the currency previously stated.

2412
02:53:53,760 --> 02:53:56,200
Let's just say it's going to cost.

2413
02:53:56,200 --> 02:53:58,240
100 bucks.

2414
02:53:58,240 --> 02:54:01,120
Oops, that's 1000.

2415
02:54:01,120 --> 02:54:02,120
Just 100.

2416
02:54:02,120 --> 02:54:03,120
So you can't decibel.

2417
02:54:03,120 --> 02:54:04,120
That's interesting.

2418
02:54:04,120 --> 02:54:05,120
So you have to round up.

2419
02:54:05,120 --> 02:54:13,600
So if you if you calculate specific numbers and you come up with $99.20, you can't you

2420
02:54:13,600 --> 02:54:16,760
can't put a decimal you just round up or down.

2421
02:54:16,760 --> 02:54:17,760
So I guess $99.20.

2422
02:54:17,760 --> 02:54:19,760
Ah, just round out.

2423
02:54:19,760 --> 02:54:23,280
I mean, you're your cost estimate at this point.

2424
02:54:23,280 --> 02:54:29,120
Then you do the budget breakdown, which is question C. Provide a detailed breakdown of

2425
02:54:29,120 --> 02:54:34,280
the costs and ensure the budget aligns with your project's goals and provide a clear justification

2426
02:54:34,280 --> 02:54:40,800
for each expense, such as name, budget, duration of months, description and links.

2427
02:54:40,800 --> 02:54:42,280
This is the one where it's a little bit.

2428
02:54:42,280 --> 02:54:47,320
It probably needs a little help from the Dow team because it's just a singular.

2429
02:54:47,320 --> 02:54:50,240
It's just a text box.

2430
02:54:50,240 --> 02:54:55,960
So in the old format, you could do a table.

2431
02:54:55,960 --> 02:55:02,360
You could do a table and that table could be I mean, you can make it I mean, you could

2432
02:55:02,360 --> 02:55:13,920
even create an Excel and then embed it in the in the Google Doc in order for it to be

2433
02:55:13,920 --> 02:55:14,920
well formatted.

2434
02:55:14,920 --> 02:55:15,920
Makes sense.

2435
02:55:15,920 --> 02:55:16,920
Reasonable.

2436
02:55:16,920 --> 02:55:20,480
You can take formulas and and then people can retrace your steps.

2437
02:55:20,480 --> 02:55:25,840
But so like right here, here's the milestones, by the way, budget.

2438
02:55:25,840 --> 02:55:26,840
That's what I did.

2439
02:55:26,840 --> 02:55:32,960
I didn't excel because I was required to really detail my my cost proposal out.

2440
02:55:32,960 --> 02:55:37,280
And then and then.

2441
02:55:37,280 --> 02:55:41,040
But this new type form doesn't let you do that.

2442
02:55:41,040 --> 02:55:43,400
It's so I don't really exactly know.

2443
02:55:43,400 --> 02:55:50,240
I think what you would do here is you would do, let's say for Sandow podcast, what I was

2444
02:55:50,240 --> 02:55:56,720
asking for was a a audio engineer.

2445
02:55:56,720 --> 02:56:02,800
So let's say a podcast engineer, which would which would curate the sound like all the

2446
02:56:02,800 --> 02:56:05,700
pop pop pop pop pop and stuff like that.

2447
02:56:05,700 --> 02:56:11,320
So podcast engineer, you know, I guess name, budget, duration, description.

2448
02:56:11,320 --> 02:56:17,060
So I'd hire them through Upwork or Fiverr or whatever.

2449
02:56:17,060 --> 02:56:20,200
And they would be says detailed.

2450
02:56:20,200 --> 02:56:21,920
So I'm not really sure how detailed they want me to get.

2451
02:56:21,920 --> 02:56:26,400
They want me to do, you know, 20 bucks an hour times.

2452
02:56:26,400 --> 02:56:30,800
I think it's going to take them five hours per episode.

2453
02:56:30,800 --> 02:56:37,760
Now, let's just go two hours per episode equals forty dollars.

2454
02:56:37,760 --> 02:56:38,760
Per episode.

2455
02:56:38,760 --> 02:56:40,840
See what I mean?

2456
02:56:40,840 --> 02:56:42,760
This is how it's starting to turn out now.

2457
02:56:42,760 --> 02:56:45,460
But then I have a lot of other positions.

2458
02:56:45,460 --> 02:56:49,040
So I have a video editor.

2459
02:56:49,040 --> 02:56:54,920
I have a proposing a.

2460
02:56:54,920 --> 02:56:55,920
What else?

2461
02:56:55,920 --> 02:56:57,600
There's plenty going on there.

2462
02:56:57,600 --> 02:56:59,540
Oh, shorts creator.

2463
02:56:59,540 --> 02:57:02,640
You could possibly combine these two, but they're not the same.

2464
02:57:02,640 --> 02:57:04,160
They're not the same.

2465
02:57:04,160 --> 02:57:07,540
If you if you know video editing, they're not the same.

2466
02:57:07,540 --> 02:57:09,360
So shorts creator, that sort of thing.

2467
02:57:09,360 --> 02:57:12,800
And then and then what do I put like overhead and taxes?

2468
02:57:12,800 --> 02:57:13,800
Right.

2469
02:57:13,800 --> 02:57:19,200
So maybe I just put overhead now and maybe it's going to cost, you know, 200 bucks or

2470
02:57:19,200 --> 02:57:24,720
whatever to to pay taxes on cryptocurrency because it's taxed, especially if you're requiring

2471
02:57:24,720 --> 02:57:26,840
people to buy by laws and regulations.

2472
02:57:26,840 --> 02:57:29,120
You got to account for that now.

2473
02:57:29,120 --> 02:57:32,080
Their tax rules for for this stuff now.

2474
02:57:32,080 --> 02:57:34,200
It had been for a number of years.

2475
02:57:34,200 --> 02:57:37,280
So you know, and then I mean, are we are we allowed profit?

2476
02:57:37,280 --> 02:57:45,000
Can I do like, you know, 25 bucks, 50 bucks in profit instead of doing it for free?

2477
02:57:45,000 --> 02:57:46,600
And what else do we have?

2478
02:57:46,600 --> 02:57:52,040
I mean, you have accounting systems, you have all these indirect costs that that would that

2479
02:57:52,040 --> 02:57:54,920
would have to be accounted for.

2480
02:57:54,920 --> 02:57:56,920
And so what is it?

2481
02:57:56,920 --> 02:57:57,920
What does it look like?

2482
02:57:57,920 --> 02:58:03,320
You know, so am I putting, you know, 200 bucks here for tax?

2483
02:58:03,320 --> 02:58:07,720
20 bucks for for.

2484
02:58:07,720 --> 02:58:10,560
What was that profit?

2485
02:58:10,560 --> 02:58:11,560
Right.

2486
02:58:11,560 --> 02:58:14,560
And then 50 bucks for accounting services.

2487
02:58:14,560 --> 02:58:19,280
I mean, because accounting is not cheap.

2488
02:58:19,280 --> 02:58:21,800
If you own your own business, you definitely know that.

2489
02:58:21,800 --> 02:58:24,640
And then then what else am I missing?

2490
02:58:24,640 --> 02:58:25,640
I'm missing.

2491
02:58:25,640 --> 02:58:26,640
Oh, materials.

2492
02:58:26,640 --> 02:58:27,640
Right.

2493
02:58:27,640 --> 02:58:31,680
Because if I'm going to start a podcast, you know, I have to.

2494
02:58:31,680 --> 02:58:39,520
I would want to make sure that I have the premium of the premium account of what of

2495
02:58:39,520 --> 02:58:40,520
RSS.

2496
02:58:40,520 --> 02:58:41,520
Right.

2497
02:58:41,520 --> 02:58:42,520
Because you can't do much.

2498
02:58:42,520 --> 02:58:46,760
You do some things, but if you don't have premium RSS, you are severely limited in your

2499
02:58:46,760 --> 02:58:50,360
reach and your ability to produce podcast episodes.

2500
02:58:50,360 --> 02:58:51,840
And that costs like what?

2501
02:58:51,840 --> 02:58:54,320
100 bucks a year, I think.

2502
02:58:54,320 --> 02:58:59,600
And then, you know, linked tree link tree has a premium version.

2503
02:58:59,600 --> 02:59:01,840
You can do fine with with free if you really want to.

2504
02:59:01,840 --> 02:59:05,200
But the premium version really makes that makes that.

2505
02:59:05,200 --> 02:59:06,480
And if you're doing a sip, why not?

2506
02:59:06,480 --> 02:59:07,480
Why wouldn't you?

2507
02:59:07,480 --> 02:59:09,520
It's 100 bucks a year.

2508
02:59:09,520 --> 02:59:10,920
Right.

2509
02:59:10,920 --> 02:59:19,320
So this is, you know, this is me doing a semi serious to video editor to say 50 bucks per

2510
02:59:19,320 --> 02:59:20,320
episode.

2511
02:59:20,320 --> 02:59:21,320
Right.

2512
02:59:21,320 --> 02:59:24,760
And then shorts creator, maybe 25 per episode.

2513
02:59:24,760 --> 02:59:28,400
So they're hunting the shorts creator will be hunting through this three hour podcast

2514
02:59:28,400 --> 02:59:35,120
I'm done right now to find the five, the eight second clip that really has maximum to go

2515
02:59:35,120 --> 02:59:36,120
viral.

2516
02:59:36,120 --> 02:59:41,440
The video editor is going through all three hours and then taking out the pop pop pop

2517
02:59:41,440 --> 02:59:49,320
pops or the stumblings that I do all the time or things I'm like, hey, that really doesn't

2518
02:59:49,320 --> 02:59:50,320
make sense.

2519
02:59:50,320 --> 02:59:51,320
I put a marker.

2520
02:59:51,320 --> 02:59:53,200
Can you go back in and remove it?

2521
02:59:53,200 --> 02:59:57,520
So instead of me spending all these hours doing it, I'm now paying a video editor to

2522
02:59:57,520 --> 02:59:58,520
do it.

2523
02:59:58,520 --> 02:59:59,600
What I mean?

2524
02:59:59,600 --> 03:00:03,180
So and the Dow has 15.5 million sand.

2525
03:00:03,180 --> 03:00:05,520
It's only spent 15% of it right now.

2526
03:00:05,520 --> 03:00:07,800
So there's a pretty good case to be made.

2527
03:00:07,800 --> 03:00:11,400
Why shouldn't I be able to hire a video editor?

2528
03:00:11,400 --> 03:00:13,640
So there you go.

2529
03:00:13,640 --> 03:00:16,760
So here's your budget breakdown and example of it.

2530
03:00:16,760 --> 03:00:24,520
And and it's doesn't have quite the power that that you can use to be able to use.

2531
03:00:24,520 --> 03:00:28,200
So you have to do this kind of like in a linear format.

2532
03:00:28,200 --> 03:00:32,280
So for big budgets, you might be quite challenged to do this.

2533
03:00:32,280 --> 03:00:34,120
But you know, we'll figure it out.

2534
03:00:34,120 --> 03:00:40,320
I'm going to submit some more sips when I get invited to to do so.

2535
03:00:40,320 --> 03:00:44,400
And then I will give everyone an update.

2536
03:00:44,400 --> 03:00:45,400
So here it is.

2537
03:00:45,400 --> 03:00:47,240
I had to break down.

2538
03:00:47,240 --> 03:00:53,640
And I'll just put example breakdown because it's not a real sip.

2539
03:00:53,640 --> 03:00:59,160
This is not a real sip.

2540
03:00:59,160 --> 03:01:01,880
Sorry admin team.

2541
03:01:01,880 --> 03:01:04,400
We're doing this.

2542
03:01:04,400 --> 03:01:05,400
You know what?

2543
03:01:05,400 --> 03:01:06,400
Let's put that in the description.

2544
03:01:06,400 --> 03:01:07,400
That's where we should go.

2545
03:01:07,400 --> 03:01:10,720
All right, so we'll do that at the end.

2546
03:01:10,720 --> 03:01:16,080
Anyways, number question C sub question C is your budget breakdown.

2547
03:01:16,080 --> 03:01:17,080
So you break it down.

2548
03:01:17,080 --> 03:01:20,040
All right, so you go next one.

2549
03:01:20,040 --> 03:01:21,880
And then you go into the next section.

2550
03:01:21,880 --> 03:01:25,920
So the next section is called the implementation plan.

2551
03:01:25,920 --> 03:01:27,600
And that's where you put in your milestones.

2552
03:01:27,600 --> 03:01:32,440
All right, so here's where you'll see and it itself I didn't really put it here because

2553
03:01:32,440 --> 03:01:33,760
it was looked weird.

2554
03:01:33,760 --> 03:01:38,280
But each of these milestones themselves have their own like, like, like five subsections.

2555
03:01:38,280 --> 03:01:39,280
Oh, here it is.

2556
03:01:39,280 --> 03:01:40,520
I put it here.

2557
03:01:40,520 --> 03:01:43,120
Each milestone has five subsections.

2558
03:01:43,120 --> 03:01:47,080
And so the implementation plan having five, you'll see that in a second.

2559
03:01:47,080 --> 03:01:50,440
But I didn't want to do that because it would have kind of made this part look weird.

2560
03:01:50,440 --> 03:01:53,080
So just talk through it now.

2561
03:01:53,080 --> 03:01:56,920
The implementation plan section in this section, you will be asked to provide milestones for

2562
03:01:56,920 --> 03:02:00,720
your projects between three and five.

2563
03:02:00,720 --> 03:02:01,720
I didn't miss.

2564
03:02:01,720 --> 03:02:02,720
I didn't see that part.

2565
03:02:02,720 --> 03:02:03,720
Is it three?

2566
03:02:03,720 --> 03:02:08,280
One on a second.

2567
03:02:08,280 --> 03:02:09,280
That doesn't sound right.

2568
03:02:09,280 --> 03:02:11,920
I thought it was two.

2569
03:02:11,920 --> 03:02:15,080
Where's our tears looking for our our new tears?

2570
03:02:15,080 --> 03:02:16,080
They are.

2571
03:02:16,080 --> 03:02:20,040
Yeah, also, it's at least two.

2572
03:02:20,040 --> 03:02:21,520
We're up to 50,000 sips.

2573
03:02:21,520 --> 03:02:23,800
Sand tier one sip.

2574
03:02:23,800 --> 03:02:29,040
You're you're at least three required is for tier two, which is 50,000 to 200,000 sand

2575
03:02:29,040 --> 03:02:30,040
sips.

2576
03:02:30,040 --> 03:02:35,680
Okay, so Dow team, just a note there.

2577
03:02:35,680 --> 03:02:38,640
Yeah.

2578
03:02:38,640 --> 03:02:39,640
Between three and five.

2579
03:02:39,640 --> 03:02:42,320
So I need to say between two and five.

2580
03:02:42,320 --> 03:02:45,680
And actually, let's, let's, let's mark that so that we can.

2581
03:02:45,680 --> 03:02:55,320
Alright, so RMF and then also, let's just call it type form findings.

2582
03:02:55,320 --> 03:02:56,840
Oops.

2583
03:02:56,840 --> 03:03:04,800
And then we will actually did not didn't see that the first time.

2584
03:03:04,800 --> 03:03:08,800
So in this section between three and five, so that three, let's market red.

2585
03:03:08,800 --> 03:03:21,000
All right, and then should be two to five, because tier one only requires two.

2586
03:03:21,000 --> 03:03:24,160
There we go.

2587
03:03:24,160 --> 03:03:25,160
Doing our part.

2588
03:03:25,160 --> 03:03:26,720
We'll mark that one.

2589
03:03:26,720 --> 03:03:29,520
Mark that red as well.

2590
03:03:29,520 --> 03:03:32,080
Actually, it's marked that blue.

2591
03:03:32,080 --> 03:03:33,960
There we go.

2592
03:03:33,960 --> 03:03:35,680
Easy peasy.

2593
03:03:35,680 --> 03:03:39,240
So we are.

2594
03:03:39,240 --> 03:03:41,480
Okay sets of what question is that that was question.

2595
03:03:41,480 --> 03:03:44,280
But that was the implementation section, right?

2596
03:03:44,280 --> 03:03:46,520
So here we go.

2597
03:03:46,520 --> 03:03:49,680
Implementation section description.

2598
03:03:49,680 --> 03:03:52,760
There we go.

2599
03:03:52,760 --> 03:03:54,800
Alright, back to it.

2600
03:03:54,800 --> 03:03:57,760
So in this section, you will be asked to provide milestones for your project.

2601
03:03:57,760 --> 03:04:04,240
A milestone is a stage that can be used to measure progress towards your final goal.

2602
03:04:04,240 --> 03:04:08,520
Progresses evaluated and decisions are made to either continue adjust or conclude the

2603
03:04:08,520 --> 03:04:10,560
project activities.

2604
03:04:10,560 --> 03:04:15,120
Milestones help track the project's progress, ensure that objects are being met, and provide

2605
03:04:15,120 --> 03:04:19,880
a basis for assessing performance and making adjustments as needed.

2606
03:04:19,880 --> 03:04:22,400
Okay, click enter.

2607
03:04:22,400 --> 03:04:24,000
There you go.

2608
03:04:24,000 --> 03:04:25,520
Here's the here's the subsections.

2609
03:04:25,520 --> 03:04:26,840
Milestone number one is required.

2610
03:04:26,840 --> 03:04:29,360
So milestone one.

2611
03:04:29,360 --> 03:04:33,160
Alright, so what milestone would I have for a Sandow podcast?

2612
03:04:33,160 --> 03:04:37,200
Let's say, well, what milestone I put?

2613
03:04:37,200 --> 03:04:43,400
I think I put so the my sip was to publish think 30 episodes.

2614
03:04:43,400 --> 03:04:45,440
So milestone one be published 10 episodes.

2615
03:04:45,440 --> 03:04:50,160
So that'd be the first milestone that I'll get paid on.

2616
03:04:50,160 --> 03:04:54,120
Actions activities that you will do.

2617
03:04:54,120 --> 03:05:03,600
Publish I guess publish 10 videos to YouTube and RSS and Spotify.

2618
03:05:03,600 --> 03:05:04,600
Right.

2619
03:05:04,600 --> 03:05:09,000
So I published two to multiple things, but these are the three big ones.

2620
03:05:09,000 --> 03:05:12,000
Goals you want to reach.

2621
03:05:12,000 --> 03:05:19,800
I don't know about that.

2622
03:05:19,800 --> 03:05:25,280
Need some clarity from the Dell team because as I do this out loud, it seems like there's

2623
03:05:25,280 --> 03:05:27,280
a lot of overlap here.

2624
03:05:27,280 --> 03:05:33,400
So if my milestone is to publish 10 episodes, the actions activities I would do published

2625
03:05:33,400 --> 03:05:43,880
10 episodes, I guess I guess maybe I could say, do a podcast, record it, upload or edit

2626
03:05:43,880 --> 03:05:47,280
it, upload it to YouTube.

2627
03:05:47,280 --> 03:05:50,800
Like, I guess so.

2628
03:05:50,800 --> 03:05:51,800
Goals you want to reach.

2629
03:05:51,800 --> 03:05:52,800
Publish 10 episodes.

2630
03:05:52,800 --> 03:05:55,680
I don't know how to reword that one.

2631
03:05:55,680 --> 03:05:58,640
Okay, and then oh, there's more.

2632
03:05:58,640 --> 03:06:00,920
So there's it 1234.

2633
03:06:00,920 --> 03:06:01,920
There we go.

2634
03:06:01,920 --> 03:06:04,560
That's where I mentioned it over here.

2635
03:06:04,560 --> 03:06:12,120
Implementation plan there's there's five per milestone.

2636
03:06:12,120 --> 03:06:17,340
So really, it's a 510, at least 10.

2637
03:06:17,340 --> 03:06:20,360
So questions are answering here.

2638
03:06:20,360 --> 03:06:24,460
Indicate where the Dell team can track where the Dell team can track progress.

2639
03:06:24,460 --> 03:06:31,320
So that's, you know, then I'd give YouTube.com slash Lancer YT.

2640
03:06:31,320 --> 03:06:32,320
That's my YouTube channel.

2641
03:06:32,320 --> 03:06:33,320
And that's where I put my sand out.

2642
03:06:33,320 --> 03:06:36,960
So that's that's where they can check it and expect a completion date so I can publish

2643
03:06:36,960 --> 03:06:40,800
10 episodes in, let's just say, three days.

2644
03:06:40,800 --> 03:06:42,800
Right, so there you go.

2645
03:06:42,800 --> 03:06:44,800
That's just milestone one.

2646
03:06:44,800 --> 03:06:45,920
Question 12.

2647
03:06:45,920 --> 03:06:52,480
You've got milestone title, actions activities you will do, goals you want to reach, indicate

2648
03:06:52,480 --> 03:06:57,520
where the Dell team can track progress, and expected completion date.

2649
03:06:57,520 --> 03:06:58,520
All of them are required.

2650
03:06:58,520 --> 03:07:01,520
See you not Jackie Chan.

2651
03:07:01,520 --> 03:07:02,520
Thanks for watching.

2652
03:07:02,520 --> 03:07:05,560
Okay, so there you go.

2653
03:07:05,560 --> 03:07:09,440
That's that's an example of the first milestone.

2654
03:07:09,440 --> 03:07:13,840
Milestone two is the same and put the title actions activities you will do goals you want

2655
03:07:13,840 --> 03:07:17,760
to reach indicate where the Dell team can track progress expected completion date.

2656
03:07:17,760 --> 03:07:21,200
So I think for me I had published 20 episodes.

2657
03:07:21,200 --> 03:07:24,560
Alright, so I need 10 more before I unlock a payment.

2658
03:07:24,560 --> 03:07:25,900
That's pretty reasonable to me.

2659
03:07:25,900 --> 03:07:29,360
And then you go through kind of the same thing.

2660
03:07:29,360 --> 03:07:32,880
Okay, milestone three says it's required.

2661
03:07:32,880 --> 03:07:34,920
So that's where it kind of throws me.

2662
03:07:34,920 --> 03:07:36,400
Alright, so question four.

2663
03:07:36,400 --> 03:07:40,320
Let's go ahead and put this in our findings.

2664
03:07:40,320 --> 03:07:44,360
So question four, 14.

2665
03:07:44,360 --> 03:07:47,480
Yeah, 14.

2666
03:07:47,480 --> 03:07:53,840
Milestone 13 shows and then milestone three shows as required.

2667
03:07:53,840 --> 03:07:58,000
And then I think I only put it was like 100 bucks.

2668
03:07:58,000 --> 03:08:04,440
So if it was a smart SIP, then it would not have that as required.

2669
03:08:04,440 --> 03:08:08,040
So if I put 200, maybe the smart SIP would then require five.

2670
03:08:08,040 --> 03:08:11,440
And you'll see in a second what that looks like.

2671
03:08:11,440 --> 03:08:17,320
So the milestone shows required.

2672
03:08:17,320 --> 03:08:20,200
Right.

2673
03:08:20,200 --> 03:08:26,440
So we want to do that one.

2674
03:08:26,440 --> 03:08:34,000
And and then yeah, should be to should be only two should be required.

2675
03:08:34,000 --> 03:08:38,000
Because tier one SIPs only require two.

2676
03:08:38,000 --> 03:08:43,400
And I input I think I was 100 bucks into the SIP budget.

2677
03:08:43,400 --> 03:08:46,200
The SIP cost question.

2678
03:08:46,200 --> 03:08:47,200
Thanks.

2679
03:08:47,200 --> 03:08:48,200
All right.

2680
03:08:48,200 --> 03:08:52,200
So the funny thing is down here at the bottom, the little arrows, you can go back.

2681
03:08:52,200 --> 03:08:55,080
So if you hit the up arrow, you can go back.

2682
03:08:55,080 --> 03:08:56,080
See what you put.

2683
03:08:56,080 --> 03:08:57,080
I put in 100 euros.

2684
03:08:57,080 --> 03:08:58,080
That's right.

2685
03:08:58,080 --> 03:08:59,080
So milestone two.

2686
03:08:59,080 --> 03:09:00,080
Okay, cool.

2687
03:09:00,080 --> 03:09:01,080
milestone three.

2688
03:09:01,080 --> 03:09:02,080
Same thing.

2689
03:09:02,080 --> 03:09:05,080
Let's publish 30 episodes.

2690
03:09:05,080 --> 03:09:08,800
All right.

2691
03:09:08,800 --> 03:09:14,680
So then here, your goals indicate how they can track it.

2692
03:09:14,680 --> 03:09:17,240
Expect the date to kick the down arrow.

2693
03:09:17,240 --> 03:09:18,240
It lets you go.

2694
03:09:18,240 --> 03:09:19,240
Oh, let's you enter as well.

2695
03:09:19,240 --> 03:09:22,760
So you don't have to just hit the enter key, you can hit the down arrow key.

2696
03:09:22,760 --> 03:09:24,560
Also in four is not required.

2697
03:09:24,560 --> 03:09:30,800
So you can if you have a hundred dollar SIP like mine, then you can just scroll down the

2698
03:09:30,800 --> 03:09:32,480
bottom it okay.

2699
03:09:32,480 --> 03:09:35,080
Same thing with milestone five hundred dollars SIP not required.

2700
03:09:35,080 --> 03:09:37,440
Go down and okay.

2701
03:09:37,440 --> 03:09:38,440
In the next section, right?

2702
03:09:38,440 --> 03:09:41,760
This is the last section.

2703
03:09:41,760 --> 03:09:43,800
The team section.

2704
03:09:43,800 --> 03:09:50,500
So the team has 123456789 questions.

2705
03:09:50,500 --> 03:09:51,500
So almost there.

2706
03:09:51,500 --> 03:09:52,500
Nine questions.

2707
03:09:52,500 --> 03:09:58,840
The team says introduce the core member introduce the core team members involved in the project

2708
03:09:58,840 --> 03:10:03,920
include their roles relevant experience and any notable contributions in the sandbox or

2709
03:10:03,920 --> 03:10:08,280
the game industry, demonstrating the team's capability is crucial to the success of your

2710
03:10:08,280 --> 03:10:09,280
proposal.

2711
03:10:09,280 --> 03:10:18,820
Okay, so like I showed before, the the old one just had team author background, team

2712
03:10:18,820 --> 03:10:20,320
author background.

2713
03:10:20,320 --> 03:10:25,840
And so that team author background here is now.

2714
03:10:25,840 --> 03:10:29,080
Geez, that's annoying.

2715
03:10:29,080 --> 03:10:37,960
That team author background is now split at one question is split into 123456.

2716
03:10:37,960 --> 03:10:39,460
Six different questions.

2717
03:10:39,460 --> 03:10:42,520
So they really want to know more about people now.

2718
03:10:42,520 --> 03:10:45,200
Alright, so you hit continue.

2719
03:10:45,200 --> 03:10:48,560
You're now on question number 17.

2720
03:10:48,560 --> 03:10:49,880
SIP lead background.

2721
03:10:49,880 --> 03:10:53,000
So as a leader, describe your background.

2722
03:10:53,000 --> 03:10:54,400
Okay.

2723
03:10:54,400 --> 03:10:58,360
So what I'll do is go into my last SIP that I did.

2724
03:10:58,360 --> 03:11:03,520
Like it was, let's go SIP number six.

2725
03:11:03,520 --> 03:11:05,120
The last one that I submitted.

2726
03:11:05,120 --> 03:11:10,080
Alright, and then I'll go down into my my who statement.

2727
03:11:10,080 --> 03:11:15,080
Let's put in if I were to do this, if I got invited and I were to put this in normally.

2728
03:11:15,080 --> 03:11:19,320
So I had actually let me just show my public one.

2729
03:11:19,320 --> 03:11:22,960
I have a I have a SIP that I can show.

2730
03:11:22,960 --> 03:11:24,760
Podcast.

2731
03:11:24,760 --> 03:11:32,080
Let's do let's do Sandel podcast since I'm already been doing that one.

2732
03:11:32,080 --> 03:11:34,560
I have a public version.

2733
03:11:34,560 --> 03:11:36,960
Which is really the same.

2734
03:11:36,960 --> 03:11:38,960
It's really the same thing as the other one.

2735
03:11:38,960 --> 03:11:40,640
There we go.

2736
03:11:40,640 --> 03:11:43,400
This is my public.

2737
03:11:43,400 --> 03:11:44,400
My public pocket.

2738
03:11:44,400 --> 03:11:47,380
The only thing is it removed email.

2739
03:11:47,380 --> 03:11:49,200
But everything else is pretty much the same thing.

2740
03:11:49,200 --> 03:11:52,420
So here you had like the project banner.

2741
03:11:52,420 --> 03:11:59,340
So I chose the banner for course, my podcast was Seb podcast eight.

2742
03:11:59,340 --> 03:12:01,760
And then some some detailed stuff that I was going to go.

2743
03:12:01,760 --> 03:12:08,720
So in in the Dow and that Dow the document you could create these right I had these that

2744
03:12:08,720 --> 03:12:13,040
I created much like I created slides.

2745
03:12:13,040 --> 03:12:18,160
And so I could more easily depict that visual like with more funding I can get more guests.

2746
03:12:18,160 --> 03:12:19,800
I can do deeper analyses.

2747
03:12:19,800 --> 03:12:25,000
I can publish to a lot more platforms like a lot more.

2748
03:12:25,000 --> 03:12:29,440
But whereas just me myself and I I'm just going to do the ones that are by default on

2749
03:12:29,440 --> 03:12:35,400
RSS that I can that I can reach and then publish them on Twitch and everything else that might

2750
03:12:35,400 --> 03:12:37,640
my greater flow channel.

2751
03:12:37,640 --> 03:12:41,840
And so where are we going we're going to the who.

2752
03:12:41,840 --> 03:12:42,840
So here it is.

2753
03:12:42,840 --> 03:12:47,440
So in the who section I have here's Meta Worlds.

2754
03:12:47,440 --> 03:12:49,880
Here is a description of Meta Worlds.

2755
03:12:49,880 --> 03:12:52,300
Here's my portrait.

2756
03:12:52,300 --> 03:12:54,600
Here is a link tree to Meta Worlds.

2757
03:12:54,600 --> 03:12:59,500
So if you go there you can see all the stuff that we're up to and then my description.

2758
03:12:59,500 --> 03:13:13,160
But down below I have my partner and his founder stuff and then our teammate and her her description.

2759
03:13:13,160 --> 03:13:16,360
And down below we have team author background.

2760
03:13:16,360 --> 03:13:17,960
I said see the who section.

2761
03:13:17,960 --> 03:13:19,740
So you go to the who and here it is.

2762
03:13:19,740 --> 03:13:23,880
So this is what I would be copying pasting into the new form.

2763
03:13:23,880 --> 03:13:27,480
So let's do that and see what happens.

2764
03:13:27,480 --> 03:13:33,280
So I'm pretty sure that the the pictures will not show up.

2765
03:13:33,280 --> 03:13:35,240
Pretty sure of that.

2766
03:13:35,240 --> 03:13:36,820
Whereas in the current SIPs they do.

2767
03:13:36,820 --> 03:13:38,600
So let's see what happens.

2768
03:13:38,600 --> 03:13:43,160
Oh that is a lot a lot.

2769
03:13:43,160 --> 03:13:47,320
Okay so like we guessed the pictures did not show up.

2770
03:13:47,320 --> 03:13:50,520
So right there your graphics and visuals.

2771
03:13:50,520 --> 03:13:55,080
I'm not really sure how that's going to pan out because you can't put in graphics and

2772
03:13:55,080 --> 03:13:59,840
visuals so it makes it makes communicating much harder now.

2773
03:13:59,840 --> 03:14:03,880
But other than that the type form is pretty cool still.

2774
03:14:03,880 --> 03:14:05,500
This thing that we're doing.

2775
03:14:05,500 --> 03:14:09,400
So you can put in here it is.

2776
03:14:09,400 --> 03:14:11,160
And all right and then let's go.

2777
03:14:11,160 --> 03:14:12,160
Can I go?

2778
03:14:12,160 --> 03:14:14,760
Yeah so it didn't reach a limit.

2779
03:14:14,760 --> 03:14:16,360
But let's see what is the limit.

2780
03:14:16,360 --> 03:14:17,360
Is there a limit?

2781
03:14:17,360 --> 03:14:19,560
Just copy and paste it like six times.

2782
03:14:19,560 --> 03:14:22,600
All right can I go?

2783
03:14:22,600 --> 03:14:23,600
I can.

2784
03:14:23,600 --> 03:14:26,920
Wow okay so there's no limit to that one.

2785
03:14:26,920 --> 03:14:28,720
So we're gonna just keep it reasonable.

2786
03:14:28,720 --> 03:14:33,600
All right and now we're in question number 18.

2787
03:14:33,600 --> 03:14:36,320
SIP lead contribution.

2788
03:14:36,320 --> 03:14:40,880
As a leader describe your contribution to this project.

2789
03:14:40,880 --> 03:15:05,040
Okay I am the podcaster who conducts the interviews and all the business and overseas business

2790
03:15:05,040 --> 03:15:13,440
operations for the Metaverse the MetaWorlds group.

2791
03:15:13,440 --> 03:15:17,640
I guess this is a new question.

2792
03:15:17,640 --> 03:15:19,920
So that's how I would answer that one.

2793
03:15:19,920 --> 03:15:20,920
Team member.

2794
03:15:20,920 --> 03:15:21,920
All right question number 19.

2795
03:15:21,920 --> 03:15:24,520
Team members background and contribution.

2796
03:15:24,520 --> 03:15:28,400
List all project team members including overview of their skill and experience to help the

2797
03:15:28,400 --> 03:15:33,120
community understand who the dial is funding and how their expertise will support the project's

2798
03:15:33,120 --> 03:15:37,200
success name roles links.

2799
03:15:37,200 --> 03:15:38,680
Fascinating fascinating.

2800
03:15:38,680 --> 03:15:46,400
I submitted a SIP and a SIP ideas not long ago where I requested that same thing of the

2801
03:15:46,400 --> 03:15:48,080
dial team.

2802
03:15:48,080 --> 03:15:50,160
So here they're asking for mandatory.

2803
03:15:50,160 --> 03:15:52,440
I missed this the first time around.

2804
03:15:52,440 --> 03:15:56,360
The mandatory is you have to provide your name your role and your links.

2805
03:15:56,360 --> 03:15:59,920
So I guess links would be LinkedIn maybe.

2806
03:15:59,920 --> 03:16:03,600
Twitter handle.

2807
03:16:03,600 --> 03:16:06,280
So actually I need to revise this a little bit.

2808
03:16:06,280 --> 03:16:07,920
As a leader describe your background.

2809
03:16:07,920 --> 03:16:09,960
Oh it's just my background.

2810
03:16:09,960 --> 03:16:13,040
So you would.

2811
03:16:13,040 --> 03:16:14,960
So just Lancer then.

2812
03:16:14,960 --> 03:16:17,200
And then this will be part of the team.

2813
03:16:17,200 --> 03:16:19,560
It's all team members.

2814
03:16:19,560 --> 03:16:23,040
All right so.

2815
03:16:23,040 --> 03:16:24,040
That's Lancer.

2816
03:16:24,040 --> 03:16:26,360
I do stuff.

2817
03:16:26,360 --> 03:16:30,480
And then we have my partner.

2818
03:16:30,480 --> 03:16:31,480
My partner.

2819
03:16:31,480 --> 03:16:33,480
Oh you have to have the.

2820
03:16:33,480 --> 03:16:34,480
So there's the link.

2821
03:16:34,480 --> 03:16:35,480
That's the link I would use.

2822
03:16:35,480 --> 03:16:36,480
Then shift enter.

2823
03:16:36,480 --> 03:16:39,320
There you have your email.

2824
03:16:39,320 --> 03:16:41,480
So then you're done.

2825
03:16:41,480 --> 03:16:43,520
Don sends my partner here.

2826
03:16:43,520 --> 03:16:45,800
And then.

2827
03:16:45,800 --> 03:16:47,800
I'm missing my second part.

2828
03:16:47,800 --> 03:16:48,800
All right.

2829
03:16:48,800 --> 03:16:49,800
But anyways.

2830
03:16:49,800 --> 03:16:51,320
Oh wait a second.

2831
03:16:51,320 --> 03:16:55,920
That's there's your.

2832
03:16:55,920 --> 03:16:56,920
There's your.

2833
03:16:56,920 --> 03:16:58,760
Your character cap right now.

2834
03:16:58,760 --> 03:17:00,000
That's interesting.

2835
03:17:00,000 --> 03:17:04,400
So let's let's make a note of that because your team members.

2836
03:17:04,400 --> 03:17:05,400
Your team members.

2837
03:17:05,400 --> 03:17:08,000
There's you could have a lot of them.

2838
03:17:08,000 --> 03:17:13,200
So how can you include an overview of their skill and that that's not a lot of characters

2839
03:17:13,200 --> 03:17:14,200
right there.

2840
03:17:14,200 --> 03:17:15,280
Let's take a look.

2841
03:17:15,280 --> 03:17:17,200
It's word count this.

2842
03:17:17,200 --> 03:17:18,640
Wow.

2843
03:17:18,640 --> 03:17:20,120
That's not a lot at all.

2844
03:17:20,120 --> 03:17:24,040
So the word count is one hundred and twenty words.

2845
03:17:24,040 --> 03:17:26,240
Geez.

2846
03:17:26,240 --> 03:17:28,280
OK.

2847
03:17:28,280 --> 03:17:35,280
So let's let's make a finding out of that because that if if the the leader background

2848
03:17:35,280 --> 03:17:38,720
is unlimited and it's only one person.

2849
03:17:38,720 --> 03:17:42,960
But your team members is many and it's hundred twenty words.

2850
03:17:42,960 --> 03:17:45,440
Probably need to bring it to any help.

2851
03:17:45,440 --> 03:17:46,960
All right.

2852
03:17:46,960 --> 03:17:47,960
So findings.

2853
03:17:47,960 --> 03:17:50,320
So question are we on now.

2854
03:17:50,320 --> 03:17:53,200
Question I think we're on 19.

2855
03:17:53,200 --> 03:17:54,200
Yeah.

2856
03:17:54,200 --> 03:17:56,760
Nineteen.

2857
03:17:56,760 --> 03:17:59,840
So team members.

2858
03:17:59,840 --> 03:18:03,960
Max word count is one hundred twenty while leaders.

2859
03:18:03,960 --> 03:18:04,960
Right.

2860
03:18:04,960 --> 03:18:05,960
Is that what they call it?

2861
03:18:05,960 --> 03:18:08,080
The leaders one.

2862
03:18:08,080 --> 03:18:09,440
Simply background.

2863
03:18:09,440 --> 03:18:14,040
Q 17 is unlimited.

2864
03:18:14,040 --> 03:18:15,400
OK.

2865
03:18:15,400 --> 03:18:29,320
So team members are could be many and needs base to explain to answer the question.

2866
03:18:29,320 --> 03:18:32,920
Like your link could take up 15 percent of your total.

2867
03:18:32,920 --> 03:18:36,040
So that needs help.

2868
03:18:36,040 --> 03:18:37,040
So we'll highlight that.

2869
03:18:37,040 --> 03:18:39,560
That one's unlimited.

2870
03:18:39,560 --> 03:18:41,880
So there you go.

2871
03:18:41,880 --> 03:18:43,880
Question 19.

2872
03:18:43,880 --> 03:18:46,240
All right.

2873
03:18:46,240 --> 03:18:50,960
So we want to know that if we hadn't gone through this drill, it's the same thing here.

2874
03:18:50,960 --> 03:18:57,240
This one's not as big because it's a contribution like you can you can do that in not many words,

2875
03:18:57,240 --> 03:18:58,880
but that's unlimited to.

2876
03:18:58,880 --> 03:18:59,880
OK.

2877
03:18:59,880 --> 03:19:02,360
All right.

2878
03:19:02,360 --> 03:19:03,360
And 18.

2879
03:19:03,360 --> 03:19:10,440
So if I were you all until they fix that, I would just put the team members in the question

2880
03:19:10,440 --> 03:19:17,200
number 17 simply background because you can explain your your whole team there with a

2881
03:19:17,200 --> 03:19:18,600
greater word count.

2882
03:19:18,600 --> 03:19:22,240
So we're on question 19, which was team members background and contribution.

2883
03:19:22,240 --> 03:19:23,240
So we answered that.

2884
03:19:23,240 --> 03:19:25,240
Found out that we had a.

2885
03:19:25,240 --> 03:19:26,240
Here.

2886
03:19:26,240 --> 03:19:27,240
You know what?

2887
03:19:27,240 --> 03:19:28,240
Put it right in here.

2888
03:19:28,240 --> 03:19:31,120
Word count Max is one hundred twenty.

2889
03:19:31,120 --> 03:19:34,600
Which is short.

2890
03:19:34,600 --> 03:19:47,480
You know, I recommend increasing it to explain the team to answer the question.

2891
03:19:47,480 --> 03:19:48,480
Do that.

2892
03:19:48,480 --> 03:19:49,480
OK.

2893
03:19:49,480 --> 03:19:50,480
So next.

2894
03:19:50,480 --> 03:19:51,480
What should we do?

2895
03:19:51,480 --> 03:19:54,240
We should do that for all of them.

2896
03:19:54,240 --> 03:19:57,880
So it was question 14, right?

2897
03:19:57,880 --> 03:20:00,040
Let's go back up here to 14.

2898
03:20:00,040 --> 03:20:01,040
We can add that.

2899
03:20:01,040 --> 03:20:02,040
Here.

2900
03:20:02,040 --> 03:20:03,040
There we go.

2901
03:20:03,040 --> 03:20:04,840
That's cool.

2902
03:20:04,840 --> 03:20:08,840
Yes, that's pretty cool.

2903
03:20:08,840 --> 03:20:12,320
And then here you can put.

2904
03:20:12,320 --> 03:20:15,040
Here you can put the.

2905
03:20:15,040 --> 03:20:16,040
Cool.

2906
03:20:16,040 --> 03:20:20,440
They might not read me, they'll see this.

2907
03:20:20,440 --> 03:20:24,000
No, it's not a real seven and delete it, but, you know, we try.

2908
03:20:24,000 --> 03:20:27,480
We can simply contribution.

2909
03:20:27,480 --> 03:20:29,560
Now we're number 19.

2910
03:20:29,560 --> 03:20:32,080
OK, now we're in question 20.

2911
03:20:32,080 --> 03:20:35,480
Type lead X or Twitter profile.

2912
03:20:35,480 --> 03:20:36,480
So you.

2913
03:20:36,480 --> 03:20:42,560
HTTPS X dot com and then put your Twitter profile.

2914
03:20:42,560 --> 03:20:44,960
Mine's Mr. Lancer.

2915
03:20:44,960 --> 03:20:47,360
And then discourse username.

2916
03:20:47,360 --> 03:20:50,560
OK, mine's just Lancer.

2917
03:20:50,560 --> 03:20:51,560
Right.

2918
03:20:51,560 --> 03:20:53,560
Pretty sure.

2919
03:20:53,560 --> 03:20:55,920
Yeah, answer.

2920
03:20:55,920 --> 03:20:56,920
OK.

2921
03:20:56,920 --> 03:20:59,720
And then any other contact details?

2922
03:20:59,720 --> 03:21:00,720
No.

2923
03:21:00,720 --> 03:21:05,160
They already have my email, so everything.

2924
03:21:05,160 --> 03:21:06,160
Then the voting options.

2925
03:21:06,160 --> 03:21:07,160
I'm sorry.

2926
03:21:07,160 --> 03:21:08,160
Let's go back.

2927
03:21:08,160 --> 03:21:11,320
So question 21 was simply discord username.

2928
03:21:11,320 --> 03:21:13,960
So put your discord username.

2929
03:21:13,960 --> 03:21:16,120
Question number 22 is any other contact details?

2930
03:21:16,120 --> 03:21:20,020
It's not mandatory, so you can put not applicable if you want to.

2931
03:21:20,020 --> 03:21:22,760
And then question 23 is voting options.

2932
03:21:22,760 --> 03:21:27,860
So this one has yes, no, no, same as answer one and ABC is answer two.

2933
03:21:27,860 --> 03:21:31,480
So the interesting thing here is on on the word doc.

2934
03:21:31,480 --> 03:21:33,760
If you went down to.

2935
03:21:33,760 --> 03:21:36,600
Voting options you could include here what it was.

2936
03:21:36,600 --> 03:21:41,880
So ABC you would replace with with.

2937
03:21:41,880 --> 03:21:43,280
With what your options would be.

2938
03:21:43,280 --> 03:21:44,920
That's how GameJant did it.

2939
03:21:44,920 --> 03:21:49,920
They had like 15 different options and they were the winners or the.

2940
03:21:49,920 --> 03:21:53,160
The finalists and then you choose the winner and all that.

2941
03:21:53,160 --> 03:21:55,040
But here is yes, no, stain.

2942
03:21:55,040 --> 03:21:56,440
That's your normal one.

2943
03:21:56,440 --> 03:21:59,800
But here if you choose ABC.

2944
03:21:59,800 --> 03:22:00,800
Then it doesn't.

2945
03:22:00,800 --> 03:22:03,080
It doesn't give you the option to.

2946
03:22:03,080 --> 03:22:05,400
Specify what those are.

2947
03:22:05,400 --> 03:22:10,480
It just moves you to the next question, which is question 24 and it's additional resources.

2948
03:22:10,480 --> 03:22:13,800
But if you choose the first one.

2949
03:22:13,800 --> 03:22:16,040
Then no change.

2950
03:22:16,040 --> 03:22:19,120
You move on to question 24.

2951
03:22:19,120 --> 03:22:20,560
OK.

2952
03:22:20,560 --> 03:22:21,560
And so we can put.

2953
03:22:21,560 --> 03:22:26,840
So we can put as a finding here.

2954
03:22:26,840 --> 03:22:31,280
Question 23 voting options.

2955
03:22:31,280 --> 03:22:32,280
We can put.

2956
03:22:32,280 --> 03:22:37,320
We can put what.

2957
03:22:37,320 --> 03:22:40,600
Choosing ABC.

2958
03:22:40,600 --> 03:22:44,320
Doesn't allow us to.

2959
03:22:44,320 --> 03:22:49,760
Specify what the voting options are.

2960
03:22:49,760 --> 03:22:52,200
And another question.

2961
03:22:52,200 --> 03:22:55,960
A follow up.

2962
03:22:55,960 --> 03:22:59,720
Asking for voting options.

2963
03:22:59,720 --> 03:23:02,640
So there's that.

2964
03:23:02,640 --> 03:23:05,760
And now we move on to.

2965
03:23:05,760 --> 03:23:12,080
Question 24 additional resources as the as the.

2966
03:23:12,080 --> 03:23:18,840
A placeholder fill in here it says HTTPS so I guess they want to link here.

2967
03:23:18,840 --> 03:23:20,280
They really say what this is for.

2968
03:23:20,280 --> 03:23:22,280
There's no subtext.

2969
03:23:22,280 --> 03:23:23,280
So we'll just.

2970
03:23:23,280 --> 03:23:24,280
I don't know.

2971
03:23:24,280 --> 03:23:27,280
It's just but not applicable.

2972
03:23:27,280 --> 03:23:29,880
Oh wait a minute.

2973
03:23:29,880 --> 03:23:33,520
If you put not applicable then it says hmm that web address doesn't look right.

2974
03:23:33,520 --> 03:23:36,040
Check for any typos or errors.

2975
03:23:36,040 --> 03:23:38,720
So it really does want to link.

2976
03:23:38,720 --> 03:23:40,760
Want to link really bad.

2977
03:23:40,760 --> 03:23:43,400
So let's just not put a link up press OK.

2978
03:23:43,400 --> 03:23:45,920
And it won't let you.

2979
03:23:45,920 --> 03:23:48,720
OK so additional resources is actually.

2980
03:23:48,720 --> 03:23:50,800
A requirement.

2981
03:23:50,800 --> 03:23:52,360
It doesn't say.

2982
03:23:52,360 --> 03:23:56,840
But the web form won't let you the type form won't let you proceed unless you put.

2983
03:23:56,840 --> 03:23:59,640
So let's just see what we can do.

2984
03:23:59,640 --> 03:24:01,800
Just copy and paste.

2985
03:24:01,800 --> 03:24:02,800
My Twitter profile.

2986
03:24:02,800 --> 03:24:06,880
All right don't really know what this is for.

2987
03:24:06,880 --> 03:24:08,240
Additional resources.

2988
03:24:08,240 --> 03:24:09,840
And let's make a finding out of that.

2989
03:24:09,840 --> 03:24:12,800
So that's question 24.

2990
03:24:12,800 --> 03:24:16,960
And it was additional resources.

2991
03:24:16,960 --> 03:24:20,520
Form marks.

2992
03:24:20,520 --> 03:24:23,880
Form makes this mandatory.

2993
03:24:23,880 --> 03:24:27,480
To enter a URL.

2994
03:24:27,480 --> 03:24:29,920
I guess.

2995
03:24:29,920 --> 03:24:35,080
And cannot proceed without entering.

2996
03:24:35,080 --> 03:24:37,360
A link.

2997
03:24:37,360 --> 03:24:38,680
All right.

2998
03:24:38,680 --> 03:24:40,920
So there we are additional resources.

2999
03:24:40,920 --> 03:24:43,500
Additional notes.

3000
03:24:43,500 --> 03:24:44,500
Thank you.

3001
03:24:44,500 --> 03:24:48,840
Thank you for your time.

3002
03:24:48,840 --> 03:24:49,840
Admin Dow.

3003
03:24:49,840 --> 03:24:53,600
Or Dow admin team.

3004
03:24:53,600 --> 03:24:54,600
This was a.

3005
03:24:54,600 --> 03:24:56,080
What do I want to say.

3006
03:24:56,080 --> 03:25:00,720
This was a practice sip for the Sandow pot.

3007
03:25:00,720 --> 03:25:02,040
Now that wasn't a practice.

3008
03:25:02,040 --> 03:25:05,160
It was.

3009
03:25:05,160 --> 03:25:08,160
This was.

3010
03:25:08,160 --> 03:25:11,760
Used to showcase the new.

3011
03:25:11,760 --> 03:25:13,620
Type form.

3012
03:25:13,620 --> 03:25:15,080
The new form.

3013
03:25:15,080 --> 03:25:18,280
On Sandow.

3014
03:25:18,280 --> 03:25:19,280
Podcast.

3015
03:25:19,280 --> 03:25:20,280
35.

3016
03:25:20,280 --> 03:25:21,280
OK.

3017
03:25:21,280 --> 03:25:22,280
And.

3018
03:25:22,280 --> 03:25:25,280
You know I'm not going to submit.

3019
03:25:25,280 --> 03:25:29,960
But if you submit then it will show you.

3020
03:25:29,960 --> 03:25:31,280
This.

3021
03:25:31,280 --> 03:25:32,320
Thank you for your submission.

3022
03:25:32,320 --> 03:25:36,160
The Dow team will review your sip and get back to you.

3023
03:25:36,160 --> 03:25:37,160
OK.

3024
03:25:37,160 --> 03:25:42,040
So there you go.

3025
03:25:42,040 --> 03:25:45,760
That right there.

3026
03:25:45,760 --> 03:25:49,080
That's new sip form.

3027
03:25:49,080 --> 03:25:52,960
That took a little bit of time to get through.

3028
03:25:52,960 --> 03:25:59,560
It is it does take a little bit more time than previously.

3029
03:25:59,560 --> 03:26:03,360
So let's go through.

3030
03:26:03,360 --> 03:26:08,520
So those were our findings right that there's a risk management framework and we could put

3031
03:26:08,520 --> 03:26:10,200
a risk cube there probably.

3032
03:26:10,200 --> 03:26:14,040
I'll do that some of the time.

3033
03:26:14,040 --> 03:26:18,600
And so yeah we went from 17 questions to 25.

3034
03:26:18,600 --> 03:26:25,200
And a tight form that doesn't allow for graphics or tables or anything like that which would

3035
03:26:25,200 --> 03:26:26,900
really help.

3036
03:26:26,900 --> 03:26:35,480
So kind of limits now the but maybe it's just the first iteration and we the Dow team can

3037
03:26:35,480 --> 03:26:37,680
work on it in the future.

3038
03:26:37,680 --> 03:26:45,240
All right now here is I basically copy and pasted all the questions and put them here

3039
03:26:45,240 --> 03:26:47,880
in the slide.

3040
03:26:47,880 --> 03:26:55,240
We just went over this questions one two three four five question five had three six eight

3041
03:26:55,240 --> 03:26:57,720
you know eight sub questions.

3042
03:26:57,720 --> 03:27:06,440
They had proposal details and proposal details had questions six through eleven eleven eleven

3043
03:27:06,440 --> 03:27:18,600
had two sub questions and then you go to the second page implementation had had five milestones

3044
03:27:18,600 --> 03:27:20,880
three of which were mandatory.

3045
03:27:20,880 --> 03:27:33,840
So let's mark that and it was one two three four five so five sub questions per milestone

3046
03:27:33,840 --> 03:27:37,320
four was not mandatory.

3047
03:27:37,320 --> 03:27:38,880
Yeah there we go let's do that.

3048
03:27:38,880 --> 03:27:42,440
Let's make that so we can make that way easier now.

3049
03:27:42,440 --> 03:27:50,800
So they all had five questions but only one through three were mandatory and then the

3050
03:27:50,800 --> 03:28:00,680
team all of them had they were all normal questions but additional resources was mandatory

3051
03:28:00,680 --> 03:28:08,720
as well and then that this right here.

3052
03:28:08,720 --> 03:28:14,640
So that was eight question and then this one had two questions.

3053
03:28:14,640 --> 03:28:17,640
All right cool.

3054
03:28:17,640 --> 03:28:21,200
So there we are.

3055
03:28:21,200 --> 03:28:26,680
Thank you for your submission Sandbox style team using the type form.

3056
03:28:26,680 --> 03:28:30,800
Questions one through twenty five.

3057
03:28:30,800 --> 03:28:33,360
All right.

3058
03:28:33,360 --> 03:28:37,020
So we're almost at the end now.

3059
03:28:37,020 --> 03:28:42,400
If we were to draw out some stats which I did to try and quantify the differences here's

3060
03:28:42,400 --> 03:28:45,120
what it looks like.

3061
03:28:45,120 --> 03:28:51,520
So the new SIP process it changed the open system to an invite system.

3062
03:28:51,520 --> 03:29:00,680
It increased five steps eight steps and increased about 150 days timeline to a 270.

3063
03:29:00,680 --> 03:29:03,820
It reduced nine budgets to four.

3064
03:29:03,820 --> 03:29:08,640
It reduced the fifteen point five total SIP pool down to seven point four million.

3065
03:29:08,640 --> 03:29:14,440
That's the 52 percent deduction.

3066
03:29:14,440 --> 03:29:24,160
And went from one SIP tier to three SIP tiers and that's based on the based on the 50,000

3067
03:29:24,160 --> 03:29:28,160
the 200,000 right.

3068
03:29:28,160 --> 03:29:34,280
The milestones were different and then increased a 17 question template to a 25 question type

3069
03:29:34,280 --> 03:29:35,640
form.

3070
03:29:35,640 --> 03:29:41,640
So those are the quantifiable differences between the old process and the new.

3071
03:29:41,640 --> 03:29:45,440
So the old process which began in May was that five step process.

3072
03:29:45,440 --> 03:29:51,240
We went over that and then the new process which replaced it this month in October now

3073
03:29:51,240 --> 03:29:58,460
eight steps going from submit your SIP to SIP ideas go through the submission form process

3074
03:29:58,460 --> 03:30:04,240
receive your DOW admin team review special counsel recommendation then you refine a review

3075
03:30:04,240 --> 03:30:08,440
your SIP although probably for the second time and then SIP public discussion after

3076
03:30:08,440 --> 03:30:14,560
that which is your 14 day period on the DOW forums then it goes to vote for 14 days then

3077
03:30:14,560 --> 03:30:20,960
you go into SIP implementation if your SIP is approved by the community.

3078
03:30:20,960 --> 03:30:26,560
And there we go we won't we went from the that's that went from an open system to invite

3079
03:30:26,560 --> 03:30:37,360
system reinvent invite the members of the DOW admin team invites to propose.

3080
03:30:37,360 --> 03:30:43,040
There's the quantifiable stuff again and now we roll into I didn't see any community questions

3081
03:30:43,040 --> 03:30:50,560
that hadn't already answered and I don't have any additional open topics although I do want

3082
03:30:50,560 --> 03:31:07,320
to there were there were a number of of considerations for the DOW for SIP authors and business people

3083
03:31:07,320 --> 03:31:23,000
to pay close attention to for them to be successful in the new SIP process.

3084
03:31:23,000 --> 03:31:33,960
Many things changed and new rules were added and let's say actually let's do this new rules

3085
03:31:33,960 --> 03:31:47,360
the the limit on exposure so what's a better word for that not liability financial oh financial

3086
03:31:47,360 --> 03:31:58,280
limitation on volatility right and and now gathering feedback is much more important

3087
03:31:58,280 --> 03:32:02,920
because you now have to get invited to be invited I guess maybe not even gather feedback

3088
03:32:02,920 --> 03:32:09,720
what a popularity I don't really know what the what the standard is but whatever the

3089
03:32:09,720 --> 03:32:18,680
standard is to be invited now is the the thing at which people have to pay attention to so

3090
03:32:18,680 --> 03:32:25,240
that's that's a change from the old process so there you go so if you're a business person

3091
03:32:25,240 --> 03:32:32,120
you now have to you now have to contend with the new process and the new rules and figure

3092
03:32:32,120 --> 03:32:40,800
out how to be successful in it and that's all we have so future episodes I just completed

3093
03:32:40,800 --> 03:32:48,480
the the SIP process so that's episode 35 episode 36 is pretty much already done because of

3094
03:32:48,480 --> 03:32:53,880
how much work put it was put into episode 34 for the birth of the Sandbox DOW so episode

3095
03:32:53,880 --> 03:32:59,560
36 which is the next one might be done by this week but maybe next week we're going

3096
03:32:59,560 --> 03:33:04,960
to do it on the Dow Constitution articles of incorporation and memorandum and articles

3097
03:33:04,960 --> 03:33:12,440
in memorandum of incorporation corporation I think it's association articles of association

3098
03:33:12,440 --> 03:33:21,800
yeah and memo of association as well so those are the the required articles articles that

3099
03:33:21,800 --> 03:33:26,920
required documents by the Grand Cayman Islands to have a business there so we're going to

3100
03:33:26,920 --> 03:33:33,760
read through them and go through all the the comments that I had this was like sip five

3101
03:33:33,760 --> 03:33:38,960
that I started it but I didn't I didn't do it at sip five I just started it I had some

3102
03:33:38,960 --> 03:33:45,080
podcast streams unofficial that went through all this and now now I'm actually done with

3103
03:33:45,080 --> 03:33:52,720
it to where I can present it and I have the benefit of 35 episodes to to make it better

3104
03:33:52,720 --> 03:33:58,520
so we're gonna do that next and then closely followed by a follow-up of magic palette with

3105
03:33:58,520 --> 03:34:05,120
Pepe he's got some new things to share and then I think I'll start my sandbox ecosystem

3106
03:34:05,120 --> 03:34:10,840
mini series I'm really looking forward to that because it'll be like a kind of a deep

3107
03:34:10,840 --> 03:34:17,360
dive into each sub ecosystem for the Dow the creators the market the gamers and I think

3108
03:34:17,360 --> 03:34:24,440
for the creators now I'm still gonna do another episode for say 20 way for December I'm gonna

3109
03:34:24,440 --> 03:34:36,840
do the business of the sandbox creators right the business of oh of being a sandbox creator

3110
03:34:36,840 --> 03:34:41,560
there we go that's what it's probably gonna be and it's going to be kind of like an analytical

3111
03:34:41,560 --> 03:34:47,320
accounting level view for why studio struggled so much and I'm gonna be speaking from pretty

3112
03:34:47,320 --> 03:34:52,560
much personal experience because if we had we had a good business plan going in you got

3113
03:34:52,560 --> 03:34:58,080
met with reality we didn't succeed in the in the ways that we really wanted to and as

3114
03:34:58,080 --> 03:35:06,120
you saw with the departure of to Shay and tempest and others we are that's kind of a

3115
03:35:06,120 --> 03:35:11,520
shared experience so there's some things that I'll recommend some things some findings out

3116
03:35:11,520 --> 03:35:18,600
of that that made it difficult to survive but I'm still here I'm just doing it on my

3117
03:35:18,600 --> 03:35:24,120
own time and I'm not really I'm not getting paid at all I'm not not being compensated

3118
03:35:24,120 --> 03:35:32,280
at all so I do I'm here because I love it and I'm invested and specifically for the

3119
03:35:32,280 --> 03:35:41,480
Dow it's the combination of gaming unity leadership and business and I love those things

3120
03:35:41,480 --> 03:35:55,200
so here I am for our spaces if you are looking to connect to the sandbox and the sand fam

3121
03:35:55,200 --> 03:36:03,280
where we gather where we're in the discord sub channel is Dow discussion so you can look at

3122
03:36:03,280 --> 03:36:09,880
that then there's a sand off sandboxed out forums then there is X and Twitter and there's quite a

3123
03:36:09,880 --> 03:36:15,560
number of spaces going on took in the next slide but hashtag sand fam hashtag the sandboxed out

3124
03:36:15,560 --> 03:36:27,880
hashtag the sandbox game follow the sandbox Dow Twitter X page and then YouTube right now it's

3125
03:36:27,880 --> 03:36:33,800
it's really just myself and the sandbox style YouTube channel which just started like a couple

3126
03:36:33,800 --> 03:36:42,120
weeks ago there are a bunch of other YouTube channels but they're not there they're like quest

3127
03:36:42,120 --> 03:36:48,680
walkthroughs so there's a lot of that going on because of the alpha season 4 and if you watch

3128
03:36:48,680 --> 03:36:55,840
my 24-hour stream you'll see me feature those people who have their their quest tutorials so

3129
03:36:55,840 --> 03:37:04,760
there's a lot of them check them out sandbox spaces there's a there's at least five actually

3130
03:37:04,760 --> 03:37:10,640
there's four sorry that last one is a is a YouTube so I need to put that in YouTube yeah

3131
03:37:10,640 --> 03:37:17,480
so the first one is mocha first hall on Mondays also called UGH United Grand Halls and then bowls

3132
03:37:17,480 --> 03:37:26,840
on the block on Saturdays they are mostly they have they have a plot of land on sandbox so they

3133
03:37:26,840 --> 03:37:37,200
are both a coin Dow as a delegation and they are sandboxed out then you have Monday through Friday

3134
03:37:37,200 --> 03:37:41,640
we just caught with captain they sometimes cover sandbox but mostly they're they're a coin down

3135
03:37:41,640 --> 03:37:46,960
then you have whale members so they just launched their whale Dow they have they are one of the

3136
03:37:46,960 --> 03:37:52,800
largest landowners in all of sandbox so well members they do natively digital on Tuesdays

3137
03:37:54,800 --> 03:38:00,160
and then Sand Vam Cafe is a YouTube channel practitioner I need to put that in the other one

3138
03:38:00,160 --> 03:38:06,800
but YouTube they do it monthly although he hasn't done it the last couple months and that's that's

3139
03:38:06,800 --> 03:38:17,800
pickaxe master Bruno and I did that that was episode 17 but check him out he's awesome I

3140
03:38:17,800 --> 03:38:29,800
really like pickaxe master he's also a well-known studio yes him a like and follow and go to the

3141
03:38:29,800 --> 03:38:38,480
sandbox style YouTube page yeah it's only one Bobby's Bobby's intro video two weeks ago but

3142
03:38:38,480 --> 03:38:45,080
he's gonna be starting up office hours and all sorts of stuff and subscribe I'm not logged in

3143
03:38:45,080 --> 03:38:53,840
right now otherwise that would show subscribed yeah subscribe this was send a podcast 35 we

3144
03:38:53,840 --> 03:39:00,960
went over the new sip process we went over the context so all the announcements and we went

3145
03:39:00,960 --> 03:39:05,760
over the guidelines and which was that the guidelines page then we went over the type

3146
03:39:05,760 --> 03:39:15,040
form submission form and it its details there and it changed a lot change the process so take a

3147
03:39:15,040 --> 03:39:21,640
take a look this was a three oh four four oh my gosh four hour long podcast that's how long it

3148
03:39:21,640 --> 03:39:29,280
takes to get through this by the way so use the use the chapters to help get you through all this

3149
03:39:29,280 --> 03:39:52,280
and yeah thank you all for your time go Sam van you