WEBVTT 00:00:05.870 --> 00:00:10.050 Good afternoon, everyone. My name's Lanzer. This 00:00:10.050 --> 00:00:14.949 is Sandow 70. We've reached 70 episodes. Today 00:00:14.949 --> 00:00:18.149 we'll be going over an update to SIP -39, Dow 00:00:18.149 --> 00:00:23.010 Pause. This is an after -action report of what 00:00:23.010 --> 00:00:24.870 has already transpired. We're just going to be 00:00:24.870 --> 00:00:28.050 taking a look into the particulars of what has 00:00:28.050 --> 00:00:30.050 happened, and it'll be a little bit of commentary. 00:00:31.469 --> 00:00:34.710 I do not represent the Sandbox game or the Sandbox 00:00:34.710 --> 00:00:37.609 Foundation. I'm not your financial or legal advisors, 00:00:37.649 --> 00:00:39.750 and nothing I say is to be taken as financial 00:00:39.750 --> 00:00:42.310 or legal advice. When I say the word SIP, I mean 00:00:42.310 --> 00:00:44.509 Sandbox Improvement Proposal. When I use the 00:00:44.509 --> 00:00:46.570 word DAO, I mean Decentralized Autonomous Organization. 00:00:47.390 --> 00:00:49.810 If I use the word SanFam, I'm talking about Sandbox 00:00:49.810 --> 00:00:52.070 community, those who participate in the people, 00:00:52.229 --> 00:00:54.350 product, and purpose of the Sandbox ecosystem. 00:00:55.130 --> 00:00:57.170 That ecosystem looks a little bit like this. 00:00:57.429 --> 00:01:00.109 In the people sector, there's everywhere from 00:01:00.109 --> 00:01:02.829 gamers to the Sandbox team. In product, we have 00:01:02.829 --> 00:01:04.469 everything from the game client to the DAO itself. 00:01:05.170 --> 00:01:09.310 Purpose is the white paper and all the expressions 00:01:09.310 --> 00:01:14.010 of that in Sebastian Bourget, Arthur Madrid, 00:01:14.269 --> 00:01:18.810 Yatsu, and now Robbie Young. And all that makes 00:01:18.810 --> 00:01:21.609 the ecosystem go round and round. Today's episode 00:01:21.609 --> 00:01:24.870 is about the DAO itself. And if you want to learn 00:01:24.870 --> 00:01:27.109 more about the DAO, kind of see a gamified version 00:01:27.109 --> 00:01:30.049 of it, go to the DAO Education Hub located at 00:01:30.049 --> 00:01:34.340 2 -154. It's on the bottom left corner of the 00:01:34.340 --> 00:01:37.980 map, right next to Jurassic Park World. You'll 00:01:37.980 --> 00:01:41.819 see Sandbox DAO, and inside the Sandbox DAO, 00:01:41.939 --> 00:01:49.840 you can click for the DAO Education Hub. So, 00:01:49.859 --> 00:01:52.280 my name's Lanzer. I am host for a Sandow podcast. 00:01:53.099 --> 00:01:57.840 It's all about the Sandbox DAO. And I'm also, 00:01:57.920 --> 00:02:00.780 I lead the MetaWorlds group, which we have done 00:02:00.780 --> 00:02:05.040 quite a number of sips. And we built the sandbox 00:02:05.040 --> 00:02:09.560 DAO education hub, the one we just showed you. 00:02:10.000 --> 00:02:14.500 And yeah, generally floor dropper, some other 00:02:14.500 --> 00:02:20.099 experiences like that. So SIP 39, some context 00:02:20.099 --> 00:02:23.960 starts in Sandow 67 when we do a reaction, the 00:02:23.960 --> 00:02:26.360 announcement of the DAO pause, then in Sandow 00:02:26.360 --> 00:02:30.069 68. We interview Sebastian Bourget, co -founder 00:02:30.069 --> 00:02:33.949 of the Sandbox and global brand ambassador. This 00:02:33.949 --> 00:02:37.270 is part two of our interview that we started 00:02:37.270 --> 00:02:40.389 with him back in Sandow eight or nine as a special 00:02:40.389 --> 00:02:45.270 council member. Then in Sandow 69, we do a review 00:02:45.270 --> 00:02:48.610 and read through of the SIP itself. Talk about 00:02:48.610 --> 00:02:50.229 the particulars of what it's trying to say, what 00:02:50.229 --> 00:02:53.349 it wants to do. And now we're in Sandow 70, an 00:02:53.349 --> 00:02:56.409 update of the DAO pause. Now that the... vote 00:02:56.409 --> 00:03:00.789 has ended and the results have been tallied a 00:03:00.789 --> 00:03:03.370 little bit of brief history uh back in august 00:03:03.370 --> 00:03:08.490 2025 tsb realignment starts tsb is the sandbox 00:03:08.490 --> 00:03:13.710 realignment starts with uh arthur did and and 00:03:13.710 --> 00:03:16.949 sebastian bourget departing their positions as 00:03:16.949 --> 00:03:22.569 coo and ceo of the sandbox and ushering in robbie 00:03:22.569 --> 00:03:26.599 young as the new ceo robbie young was the investment 00:03:26.599 --> 00:03:31.000 lead of Animoca Brands. Was, is, unsure which 00:03:31.000 --> 00:03:34.120 one. And it was first reported by the big whale 00:03:34.120 --> 00:03:36.479 in August, and then was quickly seized upon by 00:03:36.479 --> 00:03:40.639 other news outlets like Gaming Daily, Telegraph, 00:03:40.819 --> 00:03:44.120 Queen Telegraph broadcast. A number of statements 00:03:44.120 --> 00:03:47.740 were made out after that, kind of tampering things 00:03:47.740 --> 00:03:51.590 down, saying it wasn't a hostile takeover. Because 00:03:51.590 --> 00:03:54.469 Animoca Brands already owned the Sandbox, which 00:03:54.469 --> 00:03:57.909 we investigated that and revealed it back in 00:03:57.909 --> 00:04:01.669 Sandal 34, birth of the Sandbox DAO. And then 00:04:01.669 --> 00:04:07.289 Robbie Young came out and did an X -Base, spoke 00:04:07.289 --> 00:04:10.870 a little bit on podcasts and articles, Blockchain 00:04:10.870 --> 00:04:14.590 Gamer and stuff like that. So gave his idea of 00:04:14.590 --> 00:04:17.129 what the vision would be. And you can take a 00:04:17.129 --> 00:04:20.569 look at Sandal 67. Reaction to the Dow pause 00:04:20.569 --> 00:04:24.509 where I cover those AMAs and back in December 00:04:24.509 --> 00:04:29.610 and the one last month in February. So that happened 00:04:29.610 --> 00:04:33.829 all started on August 2025. Then we covered and 00:04:33.829 --> 00:04:38.009 Sandell 67. Also, we covered the December 2025 00:04:38.009 --> 00:04:44.250 AMA with the new CEO, Robbie Young. I just realized. 00:04:44.930 --> 00:04:49.370 So sorry. I had his name. He fixed his name. 00:04:49.430 --> 00:04:54.769 It's not R -O -B -B -I -E. It's R -O -B -B -Y. 00:04:56.170 --> 00:05:05.009 I'm so sorry. So we're going to fix that. Okay. 00:05:06.930 --> 00:05:09.649 And December 2025, there's an AMA with the new 00:05:09.649 --> 00:05:13.269 CEO, Robbie Young. Covered that. That was the 00:05:13.269 --> 00:05:15.610 one that had a recording with which we could 00:05:15.610 --> 00:05:19.569 look through and... hear his vision for sandbox 00:05:19.569 --> 00:05:24.750 3 .0 then in uh we did a little bit of diving 00:05:24.750 --> 00:05:27.149 into his linkedin where it showed he was the 00:05:27.149 --> 00:05:30.569 ceo investments at animal brands been in a sandbox 00:05:30.569 --> 00:05:33.069 position for about six years now in some sort 00:05:33.069 --> 00:05:36.110 of director capacity so not new to the sandbox 00:05:36.110 --> 00:05:40.990 then we covered the ama in february 2026 with 00:05:40.990 --> 00:05:44.240 the sandbox team and the dow administrator over 00:05:44.240 --> 00:05:48.839 sip 39 unfortunately the replay bug struck and 00:05:48.839 --> 00:05:52.019 we were not able to view the recording of that 00:05:52.019 --> 00:05:54.779 although i was there listening in person and 00:05:54.779 --> 00:05:59.040 i covered my thoughts resulting from that and 00:05:59.040 --> 00:06:02.279 then this ex post by sebastian talked about sip 00:06:02.279 --> 00:06:06.620 39 and wanted to recognize the contributions 00:06:06.620 --> 00:06:12.720 of sanfam to the ecosystem and reiterated the 00:06:12.720 --> 00:06:16.980 Sandbox 3 .0 vision, mainly centered around corners, 00:06:17.339 --> 00:06:21.379 sand chain, and some AI and mobile components 00:06:21.379 --> 00:06:30.899 that are inbound and going to be launched. So 00:06:30.899 --> 00:06:33.360 that led to Sandbox 68, where we interviewed 00:06:33.360 --> 00:06:38.100 Seb, and we talked about how the special counsel 00:06:38.100 --> 00:06:40.860 and advisory board maintained a low profile in 00:06:40.860 --> 00:06:44.639 the past. One half years, they were in the elected 00:06:44.639 --> 00:06:47.899 seats, which they were elected in SIP 1, 2, or 00:06:47.899 --> 00:06:50.500 3. The very, very beginning of the DAO back in 00:06:50.500 --> 00:06:53.000 May of 2024. And then with the benefit of eyesight, 00:06:53.319 --> 00:06:55.160 was there any decisions you would have done different? 00:06:55.540 --> 00:07:00.300 We also covered the AMA and if you could restate 00:07:00.300 --> 00:07:04.620 what prompted SIP 39 to pause the DAO. Then we 00:07:04.620 --> 00:07:08.519 talked about the term expiration of the Special 00:07:08.519 --> 00:07:11.449 Counsel and Advisory Board. and if he was able 00:07:11.449 --> 00:07:14.670 to give us some insight into what led to the 00:07:14.670 --> 00:07:18.209 postponing of those elections. Then we talked 00:07:18.209 --> 00:07:22.550 about the Dow pause and discontinuing the special 00:07:22.550 --> 00:07:24.910 counsel and advisory board and why that was the 00:07:24.910 --> 00:07:28.230 preferred path. We then delved into what insights 00:07:28.230 --> 00:07:30.230 he could share about the sandbox's decision to 00:07:30.230 --> 00:07:33.910 use its voting power. There will be some particulars 00:07:33.910 --> 00:07:36.230 about that that we discovered in the way it voted 00:07:36.230 --> 00:07:39.579 in step 39. And then the situation, how it was 00:07:39.579 --> 00:07:43.339 natural fear to feel fear and uncertainty and 00:07:43.339 --> 00:07:46.600 what he could do to comment on that situation. 00:07:50.040 --> 00:07:53.839 OK, and then in Sandow 69, we did a read through 00:07:53.839 --> 00:07:57.399 of the SIP itself. But while it was had just 00:07:57.399 --> 00:08:00.540 started undergoing voting and noted some particulars 00:08:00.540 --> 00:08:04.939 about some things that that stuck out to me. 00:08:06.259 --> 00:08:08.620 Mostly the SIPs that were being canceled, how 00:08:08.620 --> 00:08:11.779 the ecosystem was rapidly evolving, and consolidation 00:08:11.779 --> 00:08:18.819 of resources and a pausing of SIPs. Go back to 00:08:18.819 --> 00:08:24.060 Sandow69 to listen to that read -through. And 00:08:24.060 --> 00:08:26.300 what didn't make sense, which is why they wanted 00:08:26.300 --> 00:08:28.279 to pause the DAO and limit resources when they 00:08:28.279 --> 00:08:30.600 could do that already, since DAO administrator 00:08:30.600 --> 00:08:34.950 could just slow the SIPs down. not invite any 00:08:34.950 --> 00:08:37.889 new people which was already happening long before 00:08:37.889 --> 00:08:40.990 this sip was introduced they were heavily curating 00:08:40.990 --> 00:08:45.409 uh the the sip process and we kind of explained 00:08:45.409 --> 00:08:50.509 that in sip and sandow 69 where we we compared 00:08:50.509 --> 00:08:53.690 the old process back in may 2024 when it was 00:08:53.690 --> 00:08:56.330 a free and open where anybody could really submit 00:08:56.330 --> 00:09:00.750 a sip then the the new sip process that happened 00:09:01.370 --> 00:09:06.789 in October 2024, which elongated the process 00:09:06.789 --> 00:09:09.750 and made it more of an invite -only process system. 00:09:10.009 --> 00:09:23.059 Covered that in episode 35, Sandow 35. and we 00:09:23.059 --> 00:09:26.440 briefly covered the kind of an accounting sheet 00:09:26.440 --> 00:09:28.759 that i'd prepared that went through all of the 00:09:28.759 --> 00:09:31.799 sips and what their cost was i'm going to delve 00:09:31.799 --> 00:09:34.480 more deeply into that in the next episode sandal 00:09:34.480 --> 00:09:38.019 71 where we do a review of the sandbox dow now 00:09:38.019 --> 00:09:41.519 that uh 39 sips later looks like the dow's gonna 00:09:41.519 --> 00:09:46.360 be paused for the foreseeable future and we uh 00:09:46.360 --> 00:09:50.460 did a little bit of i had my own calculations 00:09:50.460 --> 00:09:55.139 that i shared via the forums and x zero came 00:09:55.139 --> 00:09:57.059 back and responded with with his perspective 00:09:57.059 --> 00:10:01.259 on on how he believed the final number to be 00:10:01.259 --> 00:10:04.320 more about nine hundred thousand dollars versus 00:10:04.320 --> 00:10:10.200 mine was was closer to four million dollars where 00:10:10.200 --> 00:10:13.080 we started with six or seven million dollars 00:10:13.080 --> 00:10:18.559 we'd spent two million dollars so I projected 00:10:18.559 --> 00:10:22.399 that we still had $4 million left. However, Cyril 00:10:22.399 --> 00:10:26.440 projected $900 ,000. And most likely that's due 00:10:26.440 --> 00:10:28.899 to volatility, the differences between our calculations. 00:10:29.200 --> 00:10:31.620 But I'll go over that in the next episode when 00:10:31.620 --> 00:10:35.919 we review the sandbox DAO. But let's get into 00:10:35.919 --> 00:10:41.500 today. Today is a review of SIP39 and the results. 00:10:43.759 --> 00:10:45.679 We're going to be going through three sections 00:10:45.679 --> 00:10:48.539 of Snapshot, the overview, the votes, and discussion. 00:10:49.299 --> 00:10:54.779 And here is an ex -post by the Sandbox DAO, which 00:10:54.779 --> 00:11:00.179 talks about how they published SIP 39, and it 00:11:00.179 --> 00:11:04.179 was back in January 28th. The SIP outlined a 00:11:04.179 --> 00:11:07.299 pause of the Sandbox DAO SIP intake, programs, 00:11:07.379 --> 00:11:09.740 and operations to create space to reassess how 00:11:09.740 --> 00:11:13.009 governance can best be support. ecosystem as 00:11:13.009 --> 00:11:18.970 the sandbox 3 .0 evolves so that happened now 00:11:18.970 --> 00:11:21.830 let's take a look at the snapshot and we will 00:11:21.830 --> 00:11:30.009 record our notes as that happens so if you go 00:11:30.009 --> 00:11:33.990 to snapshot go to the sandbox down sip 39 here 00:11:33.990 --> 00:11:39.830 we are it started february 10th and it ended 00:11:39.830 --> 00:11:47.429 february 25th About 10 days ago. And the results 00:11:47.429 --> 00:11:52.049 were yes. Yes did win out at 80 % of the vote, 00:11:52.110 --> 00:11:56.909 56 million. Abstain was about 11 % of the vote 00:11:56.909 --> 00:12:00.309 with 7 .6 million abstained. And no was about 00:12:00.309 --> 00:12:03.049 9 % of the vote with 6 .3 million abstained. 00:12:03.669 --> 00:12:05.429 It's not going to take long for you to realize 00:12:05.429 --> 00:12:08.429 how suspicious those numbers are. It's for good 00:12:08.429 --> 00:12:12.950 reason that there's suspicion there. Quorum was 00:12:12.950 --> 00:12:17.950 definitely met at 233%. Quorum was only 30 million. 00:12:18.450 --> 00:12:23.029 But because the Sandbox DAO voted, it reached 00:12:23.029 --> 00:12:26.389 Quorum. All right, so let's go to... So that 00:12:26.389 --> 00:12:32.389 was the overview. And again, go back to Sandow69 00:12:32.389 --> 00:12:40.210 for a read -through of that. All the stuff that 00:12:40.210 --> 00:12:42.690 this SIP was about. So we're going to go straight 00:12:42.690 --> 00:12:45.289 to the votes here and start looking at how the 00:12:45.289 --> 00:12:47.850 votes tallied. So right off the bat, you see 00:12:47.850 --> 00:12:52.429 here is a vote for 53 million voting power, which 00:12:52.429 --> 00:12:55.409 accounts for 75 % of the vote. It was a yes vote, 00:12:55.570 --> 00:12:59.389 and that is almost certainly the Sandbox wallet, 00:13:00.929 --> 00:13:05.169 which Robbie Young had specified in the AMA from 00:13:05.169 --> 00:13:08.330 February that the Sandbox intended to vote. It 00:13:08.330 --> 00:13:11.370 voted yes, but it voted with 53 million, which 00:13:11.370 --> 00:13:14.070 is way more than it's usually had. Normally, 00:13:14.149 --> 00:13:17.429 it clocks in about 27, 28 million voting power. 00:13:17.570 --> 00:13:20.169 So imagine most of our surprise when we see 53 00:13:20.169 --> 00:13:25.110 million. And it didn't take long to figure out 00:13:25.110 --> 00:13:29.429 why that was. So if you go through here, all 00:13:29.429 --> 00:13:31.549 of the voting power you see, the well -doubled, 00:13:31.809 --> 00:13:36.210 they abstained, and they had about 7 .6 million 00:13:36.210 --> 00:13:41.870 VP. I voted for no, that we should continue the 00:13:41.870 --> 00:13:46.049 DAO and that it's possible to continue governing 00:13:46.049 --> 00:13:48.590 as a community while still meeting the budget 00:13:48.590 --> 00:13:51.929 conscious needs of Sandbox 3 .0 as described 00:13:51.929 --> 00:13:54.889 by Robbie Young, who's the new CEO. I still feel 00:13:54.889 --> 00:13:58.350 that we could have continued the DAO and we would 00:13:58.350 --> 00:14:00.029 have been able to meet all the cost objectives 00:14:00.029 --> 00:14:08.120 that were needed. So, yep. And then Shanti voted 00:14:08.120 --> 00:14:12.820 for yes. He did want to pause the DAO. He said, 00:14:12.840 --> 00:14:14.440 there's a lot I want to say, but I think we should 00:14:14.440 --> 00:14:16.559 revive the project first and then start over. 00:14:17.399 --> 00:14:20.720 But he had 2 .6 million voting power, which right 00:14:20.720 --> 00:14:22.240 away didn't tell me that something was wrong 00:14:22.240 --> 00:14:24.000 because I had forgotten that he had more than 00:14:24.000 --> 00:14:29.500 that. However, so KCL voted no. He wanted to 00:14:29.500 --> 00:14:32.190 pause the DAO. And he said that was because the 00:14:32.190 --> 00:14:35.490 decision was taken behind closed doors and whatever 00:14:35.490 --> 00:14:38.149 the community decides, TSB will go against it. 00:14:38.230 --> 00:14:41.029 They already removed their voting power delegation 00:14:41.029 --> 00:14:43.210 to official delegates. And that's what tipped 00:14:43.210 --> 00:14:45.330 me off that something was wrong because I didn't 00:14:45.330 --> 00:14:48.570 realize that KCL, I knew KCL had way more than 00:14:48.570 --> 00:14:51.429 2 million. I think he clocked in like 5 million 00:14:51.429 --> 00:14:54.090 whenever he voted. So when I saw that 2 million 00:14:54.090 --> 00:14:57.470 and then I saw his, his explanation here that 00:14:57.470 --> 00:15:01.429 TSB removed the. voting power delegation to official 00:15:01.429 --> 00:15:04.730 delegates, that's when it clipped for me how 00:15:04.730 --> 00:15:07.669 the Sandbox wallet was voting with 53 million. 00:15:08.070 --> 00:15:10.649 That's because there were 12 official delegates. 00:15:11.029 --> 00:15:19.289 And if we go to sandboxdao .com, when that pops 00:15:19.289 --> 00:15:31.539 up, uh -oh. Is the website gone? I just was at 00:15:31.539 --> 00:15:35.039 the wrong website. So sandboxstyle .com, not 00:15:35.039 --> 00:15:37.399 the sandbox style. If you go to delegation here 00:15:37.399 --> 00:15:39.940 at the top here, you'll see in the delegation 00:15:39.940 --> 00:15:43.919 dashboard, there are 12 delegates. Hidden Walls, 00:15:43.919 --> 00:15:50.759 Shanti, Cotrato, Ravi, Mofat, Sabga, Biversanart, 00:15:50.879 --> 00:15:56.200 Moez, Hishmad, Secret Meow, Batman, Hervé. We 00:15:56.200 --> 00:15:59.240 interviewed most of these in earlier Sandals. 00:15:59.850 --> 00:16:01.669 But if you start looking at the voting power, 00:16:01.929 --> 00:16:05.009 you'll see a lot of them start dipping below 00:16:05.009 --> 00:16:07.769 2 million after the third one. And it becomes 00:16:07.769 --> 00:16:10.429 very obvious very fast that the voting power 00:16:10.429 --> 00:16:14.750 here was taken from these delegates. Each of 00:16:14.750 --> 00:16:17.070 them were granted 2 million voting power by being 00:16:17.070 --> 00:16:20.870 official delegates of the sandbox DAO. And here 00:16:20.870 --> 00:16:24.669 you are with MoFat having 448 ,000 rather than 00:16:24.669 --> 00:16:30.159 2 ,448 ,000. SEBGA had 300 ,000. Fiversant, 158. 00:16:30.399 --> 00:16:35.320 Moez, 61. Hishmad, 41. All the way down to Hervé 00:16:35.320 --> 00:16:41.759 with 5 .4 thousand rather than 2 ,540 ,000. So 00:16:41.759 --> 00:16:48.279 that's 24 million voting power that the sandbox 00:16:48.279 --> 00:16:52.960 DAO took from the 12 delegates and added to its 00:16:52.960 --> 00:16:56.659 own wallet. So that immediately skewed the vote 00:16:56.659 --> 00:17:04.400 to almost a certain yes. And it made a lot more 00:17:04.400 --> 00:17:07.480 sense why we're seeing 53 million voting power. 00:17:07.819 --> 00:17:09.480 They didn't tell us that they were going to do 00:17:09.480 --> 00:17:13.539 this. It feels really shady and really disappointing. 00:17:13.900 --> 00:17:17.380 It's a really bad look that this happened. Not 00:17:17.380 --> 00:17:20.460 sure why they decided the need to do this. Actually, 00:17:20.500 --> 00:17:23.200 yes, I do know because we were able to do some 00:17:23.200 --> 00:17:25.960 math to figure out what would have happened if 00:17:25.960 --> 00:17:28.660 they had not taken delegation away. from the 00:17:28.660 --> 00:17:31.440 official delegates. Anyways, we'll keep going. 00:17:31.619 --> 00:17:37.140 There are 33 votes and all. KCL, as I mentioned, 00:17:37.180 --> 00:17:41.400 voted no. He wanted to continue the DAO because 00:17:41.400 --> 00:17:45.539 of the closed -door nature of the decision. I 00:17:45.539 --> 00:17:50.019 agree with that. SEBCA said 40 % yes, 60 % no, 00:17:50.259 --> 00:17:58.869 and that's in French. Let's see if I can translate. 00:18:03.670 --> 00:18:10.329 Here we go. Translating to English from French, 00:18:10.589 --> 00:18:13.529 he said, Sebka said, no shutdown desired. Agreement 00:18:13.529 --> 00:18:16.170 on the fact of suspending the new SIPs for the 00:18:16.170 --> 00:18:18.589 duration of a reorganization. Shutting down the 00:18:18.589 --> 00:18:20.950 DAO would be a step backwards. Question is, what 00:18:20.950 --> 00:18:27.650 to do next? And he voted with 460. He was a delegate, 00:18:27.769 --> 00:18:31.509 so he should have $2 ,460 ,000 rather than $400 00:18:31.509 --> 00:18:36.789 ,000. Kami, a well -known voice, voted no. Vox 00:18:36.789 --> 00:18:42.069 Machina Studios also voted no. Hishmad voted 00:18:42.069 --> 00:18:46.009 yes. And Unidentified Wallets voted yes, yes, 00:18:46.069 --> 00:18:48.690 yes, yes. And Secret Meow, another delegate, 00:18:48.829 --> 00:18:53.990 voted 50 % yes, 50 % abstain. Batman, a delegate, 00:18:54.109 --> 00:19:00.299 voted no. Schwartz. Schwarzenengel voted yes. 00:19:00.420 --> 00:19:05.299 Axura voted no. OXDigger voted no. Malamaya voted 00:19:05.299 --> 00:19:10.200 no. An unnamed wallet voted yes. LeoFat voted 00:19:10.200 --> 00:19:14.200 yes. Two unnamed wallets. One voted no. One voted 00:19:14.200 --> 00:19:18.180 yes. DancingSweater voted no. His reason was 00:19:18.180 --> 00:19:22.220 keep the sandbox the sandbox. Borden8 voted no. 00:19:23.569 --> 00:19:27.789 The parliament voted no, said that this proposal, 00:19:28.029 --> 00:19:30.230 this is a proposal that includes no single word 00:19:30.230 --> 00:19:33.170 about no option. In democracy, in order to propose 00:19:33.170 --> 00:19:35.049 something, you should equally inform expected 00:19:35.049 --> 00:19:38.809 results of yes and expected results of no, so 00:19:38.809 --> 00:19:41.410 voters can decide transparently. I just voted 00:19:41.410 --> 00:19:43.369 another no and another Dow, and it looks like 00:19:43.369 --> 00:19:45.970 we are experiencing a no season of the Dows. 00:19:46.730 --> 00:19:49.109 Handing over entire projects feels not right 00:19:49.109 --> 00:19:52.000 to many people. Time will show, but I hope. Soul 00:19:52.000 --> 00:19:57.759 of Blockchain wins. That was Bparlin. UnnamedWallet 00:19:57.759 --> 00:20:02.059 voted yes. Sineva voted no. That's a really cool 00:20:02.059 --> 00:20:06.480 name, by the way. Zulu voted yes. Mo voted yes. 00:20:09.339 --> 00:20:11.779 FeeFeeReeFee voted yes. That was a fun name. 00:20:12.099 --> 00:20:17.299 And RedLilyRose, also well -known in the community, 00:20:17.480 --> 00:20:24.250 voted no. And VitalikBTC voted no. So there you 00:20:24.250 --> 00:20:28.150 have it. The 33 votes. The vast majority of people 00:20:28.150 --> 00:20:32.670 voted no, but the no as in continue the DAO. 00:20:33.509 --> 00:20:37.809 But Sandbox's wallet voted yes to pause the DAO 00:20:37.809 --> 00:20:41.789 and they had 53 million versus the no's or 6 00:20:41.789 --> 00:20:46.170 .3 million. But there is something peculiar about 00:20:46.170 --> 00:20:48.150 that that we're going to go over right now. So 00:20:48.150 --> 00:20:52.980 as shown. It was created February 10th, ended 00:20:52.980 --> 00:20:57.039 February 25th. The results were, yes, 56 million, 00:20:57.279 --> 00:21:01.799 80%, abstain 7 .6 million, which is 11%, and 00:21:01.799 --> 00:21:06.220 no, 6 .3 million, which is 9%. The 14 -day period, 00:21:06.400 --> 00:21:09.259 that was normal. Glad that they let it go for 00:21:09.259 --> 00:21:14.140 14 days. However, that 56 million versus 6 million 00:21:14.140 --> 00:21:18.200 was highly suspect from the beginning. And we 00:21:18.200 --> 00:21:23.400 were able to... Snapshot .eth covered it as well, 00:21:23.519 --> 00:21:26.759 which is really cool to see how they talked about 00:21:26.759 --> 00:21:31.339 the Sandbox DAO voting to pause their DAO indefinitely. 00:21:33.240 --> 00:21:35.740 That was really, really nice of them to cover 00:21:35.740 --> 00:21:39.980 this. So here it is. Let's do a little bit of 00:21:39.980 --> 00:21:42.859 math. So the Sandbox DAO wallet, or the Sandbox 00:21:42.859 --> 00:21:46.799 wallet, voted 53 .1 million yes to pause the 00:21:46.799 --> 00:21:49.799 DAO. All right. So that was SIP 39. And it was 00:21:49.799 --> 00:21:52.779 immediately suspicious because in SIP 11, when 00:21:52.779 --> 00:21:56.099 it last voted, it voted with 27 million voting 00:21:56.099 --> 00:21:59.859 power. So they they normally they don't they 00:21:59.859 --> 00:22:02.059 didn't vote. It was a policy for the sandbox 00:22:02.059 --> 00:22:05.940 not to vote on proposals. And this time they 00:22:05.940 --> 00:22:07.720 decided they want to vote for it. But you can 00:22:07.720 --> 00:22:10.039 see the huge disparity. All right. So what would 00:22:10.039 --> 00:22:13.200 have happened? And that was because they took 00:22:13.200 --> 00:22:16.640 24 million voting power from their delegates. 00:22:17.309 --> 00:22:20.789 And added it to the sandbox wallet. Yes. So we 00:22:20.789 --> 00:22:25.009 did a little math. I did a little math. Went 00:22:25.009 --> 00:22:30.009 to the delegate dashboard. And compared with 00:22:30.009 --> 00:22:34.029 the votes. Who was actually going to. Who voted 00:22:34.029 --> 00:22:36.890 yes. Who voted no. And by the way. While I was 00:22:36.890 --> 00:22:39.890 there. Let's go back to the website. While I 00:22:39.890 --> 00:22:42.849 was there. Discovered that if you scroll all 00:22:42.849 --> 00:22:46.779 the way down. Normally there is a. A video here 00:22:46.779 --> 00:22:50.900 of delegations from the official Sandbox DAO 00:22:50.900 --> 00:22:53.359 YouTube channel. That's where Digging the Sand 00:22:53.359 --> 00:22:56.640 podcast is. The video was unavailable. And when 00:22:56.640 --> 00:22:59.539 I looked at the channel itself, it looks like 00:22:59.539 --> 00:23:02.819 the channel was removed, deleted. So the Sandbox 00:23:02.819 --> 00:23:07.019 DAO official YouTube channel is gone. Making 00:23:07.019 --> 00:23:10.799 my podcast the only Sandbox DAO channel left. 00:23:13.880 --> 00:23:15.880 So I started before the Sandbox DAO podcast, 00:23:16.420 --> 00:23:19.799 Dits, Digging the Sand, started. And I'm still 00:23:19.799 --> 00:23:22.559 here after they ended, which is interesting. 00:23:23.599 --> 00:23:26.180 But in any case, that was fast. I didn't expect 00:23:26.180 --> 00:23:31.359 that that was the case. But, so, let's go back 00:23:31.359 --> 00:23:35.119 to the math. The Sandbox DAO voted with 53 million. 00:23:35.380 --> 00:23:38.339 It added, and it did that by adding 24 million 00:23:38.339 --> 00:23:42.210 voting power and taking... 24 million voting 00:23:42.210 --> 00:23:45.730 power from the delegates so one two three four 00:23:45.730 --> 00:23:48.950 five six delegates voted that meant six delegates 00:23:48.950 --> 00:23:52.150 did not vote so there's your 24 right there and 00:23:52.150 --> 00:23:54.849 added it to itself so let's do a little math 00:23:54.849 --> 00:23:59.269 to figure out what would have happened uh what 00:23:59.269 --> 00:24:08.470 would have happened if if the 24 million voting 00:24:08.470 --> 00:24:15.319 power had been given and kept with the official 00:24:15.319 --> 00:24:19.579 delegates, assuming they voted the way they did, 00:24:19.680 --> 00:24:22.799 and you can use that as percentage to allocate 00:24:22.799 --> 00:24:26.900 all of the voting, how would it have happened? 00:24:27.079 --> 00:24:30.579 How would the vote have gone? So, like I mentioned, 00:24:30.740 --> 00:24:33.619 Shanti, he voted yes, so that's $2 million for 00:24:33.619 --> 00:24:38.339 yes. KCL voted, Cricciotto voted no, so that's 00:24:38.339 --> 00:24:42.720 $2 million for no. Sebga voted 40 % yes and 60 00:24:42.720 --> 00:24:45.960 % no, so that's 800 ,000 yes and 1 .2 million 00:24:45.960 --> 00:24:49.099 no. Ishmad voted yes, so that's 2 million for 00:24:49.099 --> 00:24:52.819 yes. Secret Meow voted 50 % yes and 50 % abstain, 00:24:52.940 --> 00:24:55.299 so that's 1 million for yes and 1 million for 00:24:55.299 --> 00:24:58.019 abstain. And Batman voted for 100 % no, so that's 00:24:58.019 --> 00:25:00.539 2 million for no. So if you put all that together, 00:25:00.740 --> 00:25:06.259 you've got a 48 % leaning of yes, a 43 % leaning 00:25:06.259 --> 00:25:10.589 toward no, and an 8 % leaning for abstain. By 00:25:10.589 --> 00:25:14.150 the delegates. All right, so it's slightly, slightly 00:25:14.150 --> 00:25:18.069 yes favor, right? Not quite 50 -50, but it is 00:25:18.069 --> 00:25:20.250 pretty close there. Half the delegates seem to 00:25:20.250 --> 00:25:22.390 want to pause the Dow, the other half, slightly 00:25:22.390 --> 00:25:25.470 more than half, want to continue the Dow. So 00:25:25.470 --> 00:25:27.809 if we apply that to the remaining six delegates 00:25:27.809 --> 00:25:30.990 who didn't vote, that would be 5 .7 million toward 00:25:30.990 --> 00:25:35.349 yes, 5 .1 million toward no, and 900 ,000 abstain, 00:25:35.349 --> 00:25:38.089 which is the division of that remaining 12 million. 00:25:39.150 --> 00:25:43.009 So if we apply that math to the voting result, 00:25:43.250 --> 00:25:48.410 56 million on yes, 6 .3 million on no. And we 00:25:48.410 --> 00:25:58.470 take away the 24 million. So we're going to do 00:25:58.470 --> 00:26:02.069 that by 56 million, yes. So take away that whole, 00:26:02.289 --> 00:26:07.890 if we deduct the TSB's vote, which is 53 million. 00:26:08.940 --> 00:26:13.299 All right, that leaves 3 million yes. If we add 00:26:13.299 --> 00:26:21.539 in the 24 million voting power by the delegates, 00:26:21.779 --> 00:26:29.220 that would be 11 .5 million for yes, 1 .9 million 00:26:29.220 --> 00:26:34.599 for abstain, and 10 .3 million for no. I remember 00:26:34.599 --> 00:26:37.950 the sandbox wallet. Shouldn't be voting. That 00:26:37.950 --> 00:26:42.230 was been the policy, the official policy by Seb 00:26:42.230 --> 00:26:47.130 Bourget for forever. So that's why we removed 00:26:47.130 --> 00:26:50.690 the sandbox wallets vote. So that without the 00:26:50.690 --> 00:26:53.490 sandbox wallet vote, only 3 million voted yes. 00:26:53.589 --> 00:26:56.690 But if you add in all the delegates per the percentage 00:26:56.690 --> 00:27:00.430 that we just went over, 48 % yes, 43 % no, 8 00:27:00.430 --> 00:27:05.269 % abstain, then you would end with 14 .5 million 00:27:05.269 --> 00:27:10.339 yes vote. 9 .5 million abstain vote and 16 .6 00:27:10.339 --> 00:27:12.700 million no vote. So that would have been a 36 00:27:12.700 --> 00:27:17.519 % yes, 23 % yes, and 41 % no. The no vote would 00:27:17.519 --> 00:27:20.880 have won. If the sandbox wallet hadn't have voted, 00:27:21.019 --> 00:27:24.480 if it hadn't have taken the 24 million voting 00:27:24.480 --> 00:27:27.880 power away from the community, the no vote would 00:27:27.880 --> 00:27:30.220 have won, which would have meant the sandbox 00:27:30.220 --> 00:27:32.640 DAO would have continued. So it's very clear 00:27:32.640 --> 00:27:35.259 the community wanted the no vote. They wanted 00:27:35.259 --> 00:27:37.940 to continue the DAO. So I thought that was really 00:27:37.940 --> 00:27:40.740 fascinating. So kind of our takeaway there was 00:27:40.740 --> 00:27:44.460 that SIP39 would have failed without the sandbox 00:27:44.460 --> 00:27:48.599 wallet's 53 million vote. The sandbox style revoked 00:27:48.599 --> 00:27:50.880 24 million of approved delegate voting power 00:27:50.880 --> 00:27:54.559 and added it to itself, the sandbox wallet. Digging 00:27:54.559 --> 00:27:57.180 the sand, YouTube channel videos are no longer 00:27:57.180 --> 00:28:01.000 available. Deleted account. So there's some takeaways 00:28:01.000 --> 00:28:04.000 from the voting section. Now let's look at the 00:28:04.000 --> 00:28:09.940 discussion. Really disappointing showing from 00:28:09.940 --> 00:28:14.140 the votes. We could live with the sandbox voting 00:28:14.140 --> 00:28:18.519 with its 27 million. At least we'd have a fighting 00:28:18.519 --> 00:28:22.759 chance. But taking away the 24 million official 00:28:22.759 --> 00:28:28.539 delegates, that was just a bad, bad look. It's 00:28:28.539 --> 00:28:31.880 against Web3 values, and I was not happy to see 00:28:31.880 --> 00:28:34.240 that, as most of the community was very unhappy 00:28:34.240 --> 00:28:59.670 to see that happen. And here we are. Okay. So 00:28:59.670 --> 00:29:02.970 let's now go into the latter portion, which is 00:29:02.970 --> 00:29:05.029 the discussion. If you go to the discussion, 00:29:05.269 --> 00:29:09.150 you go to... It'll take you to the forums. And 00:29:09.150 --> 00:29:10.890 here in the forums, you can kind of see how the 00:29:10.890 --> 00:29:14.750 discussion went. All right, so it was posted 00:29:14.750 --> 00:29:17.609 January 28th, and we did this read -through. 00:29:17.650 --> 00:29:20.170 The only addition here in the forums that wasn't 00:29:20.170 --> 00:29:22.410 on the snapshot was the picture at the very bottom, 00:29:22.490 --> 00:29:25.529 which was status on the current SIP. It showed 00:29:25.529 --> 00:29:30.630 all the SIPs and the payment statuses of all 00:29:30.630 --> 00:29:34.450 of them. I'm going to... and incorporate this 00:29:34.450 --> 00:29:37.190 into the next Sandow podcast where we review 00:29:37.190 --> 00:29:40.670 the Sandbox DAO itself from beginning to end. 00:29:41.750 --> 00:29:44.650 But you'll see here all of the, you know, Chrysalis 00:29:44.650 --> 00:29:47.529 Quest, NFT Collection, Metaverse City, Campus, 00:29:47.809 --> 00:29:51.009 Magic Realms, Land Estate Sales, Metaverse Odyssey. 00:29:53.109 --> 00:29:56.630 All right, I immediately, on the same day, posted 00:29:56.630 --> 00:29:59.930 a response saying that I believe if we continue 00:29:59.930 --> 00:30:02.920 with special council elections, which special 00:30:02.920 --> 00:30:07.079 counsel term expired 31 December and the elections 00:30:07.079 --> 00:30:09.500 were not held. So we knew something was wrong 00:30:09.500 --> 00:30:12.220 at that point. And I kept advocating as the rest 00:30:12.220 --> 00:30:15.000 of the community kept advocating for the continuance 00:30:15.000 --> 00:30:17.359 of the special counsel. We need community elected 00:30:17.359 --> 00:30:20.359 leadership so that we can continue the Dow and 00:30:20.359 --> 00:30:23.140 render good governance. But that didn't happen. 00:30:23.480 --> 00:30:26.319 So I said, I believe if we continue with special 00:30:26.319 --> 00:30:28.559 counsel elections, we can have a community involved 00:30:28.559 --> 00:30:31.019 reassessment that aligns with the new direction 00:30:31.019 --> 00:30:33.319 the sandbox is going. My vote is to continue 00:30:33.319 --> 00:30:35.859 the DAO. All right, so that received a number 00:30:35.859 --> 00:30:39.880 of upvotes here. Kami came in after that and 00:30:39.880 --> 00:30:42.700 said, I have mixed feelings with very little 00:30:42.700 --> 00:30:45.519 info on the Sandbox 3 .0. It's hard to see what's 00:30:45.519 --> 00:30:48.299 in store for the Sandbox. The game maker is the 00:30:48.299 --> 00:30:51.880 best it's ever been. There are awesome new features 00:30:51.880 --> 00:30:54.059 that builders are just now figuring out how to 00:30:54.059 --> 00:30:56.279 use and realize the creative visions they've 00:30:56.279 --> 00:30:59.799 had for years. 3 .0 is an unknown, at least to 00:30:59.799 --> 00:31:03.599 Kami. It is a new engine maker. Is it a new engine 00:31:03.599 --> 00:31:06.740 maker? Will anything we've built in VoxEdit and 00:31:06.740 --> 00:31:09.440 GameMaker work in 3 .0? Should creators keep 00:31:09.440 --> 00:31:12.099 on working in the existing tools, or is this 00:31:12.099 --> 00:31:14.359 a waste of time that will shut down in the coming 00:31:14.359 --> 00:31:18.319 months? This is Kami speaking. So he believed 00:31:18.319 --> 00:31:22.619 that pausing the DAO will be a major shift that 00:31:22.619 --> 00:31:24.599 will render old projects useless. These are his 00:31:24.599 --> 00:31:30.529 words. And it goes on to talk about... game maker, 00:31:30.710 --> 00:31:34.289 metaverse chat and game client, how there were 00:31:34.289 --> 00:31:39.789 only four players online, and made his self -disclosures 00:31:39.789 --> 00:31:43.430 about his involvement and looking forward to 00:31:43.430 --> 00:31:45.250 running for special counsel. I was going to run 00:31:45.250 --> 00:31:48.730 for special counsel as well. And his vote was 00:31:48.730 --> 00:31:50.390 on the fence. He wanted to know more about 3 00:31:50.390 --> 00:31:52.809 .0 and if it was worth waiting for, or if there 00:31:52.809 --> 00:31:55.930 is still work to be done here and now. He didn't 00:31:55.930 --> 00:31:58.200 want to see the dial paused. training further 00:31:58.200 --> 00:32:00.339 momentum from the sandbox and i totally agree 00:32:00.339 --> 00:32:03.119 with that yeah so that received a lot of upvotes 00:32:03.119 --> 00:32:10.500 as well 12 even more than my eight yule uh another 00:32:10.500 --> 00:32:12.220 prominent voice in the community said without 00:32:12.220 --> 00:32:14.019 a doubt it's a very difficult decision and i 00:32:14.019 --> 00:32:18.119 strongly share kami saw z's sentiment in our 00:32:18.119 --> 00:32:19.839 case we are already preparing the final deliveries 00:32:19.839 --> 00:32:22.259 for chrysalis quest it's no secret that sandbox 00:32:22.259 --> 00:32:25.079 is implementing rapid changes across the board 00:32:25.440 --> 00:32:27.980 forcing projects to constantly reevaluate how 00:32:27.980 --> 00:32:29.740 to function best within the ecosystem without 00:32:29.740 --> 00:32:32.579 compromising their initial planning. And he talks 00:32:32.579 --> 00:32:35.900 about how, as a studio, he had decided to stop 00:32:35.900 --> 00:32:37.779 developing games, given the lack of clarity. 00:32:38.619 --> 00:32:41.339 He agreed that the DAO should currently serve 00:32:41.339 --> 00:32:44.720 as a funding tool for high -quality users acquisition 00:32:44.720 --> 00:32:47.599 and the creation of games, tools, experiences 00:32:47.599 --> 00:32:49.940 that maximize brand recognition in the game market. 00:32:50.799 --> 00:32:53.119 Also talked about how, with the recent launches 00:32:53.119 --> 00:32:56.259 of Sandchain, Corners, and upcoming products 00:32:56.259 --> 00:32:58.920 that don't seem actively linked to the game ecosystem. 00:32:59.440 --> 00:33:01.680 We see with deep concern what appears to be a 00:33:01.680 --> 00:33:03.619 deliberate strategy to gradually move away from 00:33:03.619 --> 00:33:05.339 the creator ecosystem in search of new markets. 00:33:05.859 --> 00:33:09.799 And then his very last comment was, with that 00:33:09.799 --> 00:33:11.720 said, I believe it is fundamental to bring more 00:33:11.720 --> 00:33:14.200 information regarding future of the sandbox to 00:33:14.200 --> 00:33:16.700 the table to make an informed decision. Relying 00:33:16.700 --> 00:33:18.660 on launch speculations and tweets is not enough 00:33:18.660 --> 00:33:20.740 for such a critical move. I agree with that as 00:33:20.740 --> 00:33:25.529 well. But yeah, there was no... Robbie Young, 00:33:25.650 --> 00:33:28.170 when he did the AMAs, talked very openly about 00:33:28.170 --> 00:33:32.369 moving away from user -generated content in the 00:33:32.369 --> 00:33:35.809 metaverse, wanted to explore corners, sand chain, 00:33:35.970 --> 00:33:41.490 and broaden the whole thing. I responded back 00:33:41.490 --> 00:33:44.150 to Kami saying I agree wholeheartedly, and as 00:33:44.150 --> 00:33:46.109 a bonus, I think a community elected special 00:33:46.109 --> 00:33:49.309 counsel would facilitate the needed insight into 00:33:49.309 --> 00:33:51.650 Sandbox 3 .0, and the community would feel like 00:33:51.650 --> 00:33:53.450 it's following along and be more supportive. 00:33:54.349 --> 00:33:56.829 That received a lot of upvotes, as did Ewell's 00:33:56.829 --> 00:34:00.390 response. So far, a lot of upvotes for a lot 00:34:00.390 --> 00:34:03.549 of the folks saying to continue the DAO. Victorin, 00:34:03.670 --> 00:34:09.230 a well -known voice in the community from Sandbox 00:34:09.230 --> 00:34:12.030 Africa, said, we've come too far to call this 00:34:12.030 --> 00:34:14.610 a pause or anything close to it. The Sandbox 00:34:14.610 --> 00:34:17.550 has delivered tangible outcomes. And Victorin 00:34:17.550 --> 00:34:19.949 came in through the Sandbox DAO grant proposal. 00:34:20.429 --> 00:34:25.159 He was in my domain when... And I loved Victor. 00:34:25.179 --> 00:34:29.360 He did a great job. So he said communication, 00:34:29.579 --> 00:34:31.380 putting the sandbox in the community has been 00:34:31.380 --> 00:34:34.199 weak. Talked about how the DAO changed the narrative. 00:34:34.539 --> 00:34:36.760 It brought structure, accountability, and hope. 00:34:37.619 --> 00:34:39.840 Also went on to say the pausing the DAO risks, 00:34:39.860 --> 00:34:42.019 pausing the DAO risks undoing that progress. 00:34:42.380 --> 00:34:44.659 And for that reason, he's voting no. The sandbox 00:34:44.659 --> 00:34:47.260 should remain active and be iterated on, not 00:34:47.260 --> 00:34:50.860 paused. Another high amount of upvotes. I completely 00:34:50.860 --> 00:34:55.619 agree with him. Shant said that I voted yes. 00:34:55.980 --> 00:34:57.860 We cannot afford to wait until the end of the 00:34:57.860 --> 00:34:59.840 quarter. We must stop immediately upon the vote. 00:35:00.039 --> 00:35:02.199 The DAO has no meaning when the sandbox platform 00:35:02.199 --> 00:35:04.559 itself is not functioning properly. It makes 00:35:04.559 --> 00:35:07.000 no sense to play government without any citizens. 00:35:08.400 --> 00:35:10.860 Whitney's referring to users, he said. We must 00:35:10.860 --> 00:35:13.099 immediately halt all inefficiencies and prioritize 00:35:13.099 --> 00:35:15.800 reviving the sandbox first. Let's normalize the 00:35:15.800 --> 00:35:18.780 platform and win the survival battle. Only then 00:35:18.780 --> 00:35:20.860 can we rebuild a truly meaningful DAO that fits 00:35:20.860 --> 00:35:23.929 the sandbox. Now is the time to go all in and 00:35:23.929 --> 00:35:26.829 turn around for survival. He had two upvotes 00:35:26.829 --> 00:35:30.090 on that one. And it's very clear that it's heavily 00:35:30.090 --> 00:35:31.909 weighted by the community to continue the DAO. 00:35:32.030 --> 00:35:35.889 But Sean has been a well -known voice. I highly 00:35:35.889 --> 00:35:41.969 respect Sean T in this. And he and I don't see 00:35:41.969 --> 00:35:46.190 eye to eye, don't fully agree on our vote. I 00:35:46.190 --> 00:35:48.650 respect his position. I understand where he's 00:35:48.650 --> 00:35:54.090 come from. Sebga, another well -known voice and 00:35:54.090 --> 00:35:57.710 is a delegate, just like Shanti was, said that 00:35:57.710 --> 00:35:59.909 at first I was leaning toward voting yes in favor 00:35:59.909 --> 00:36:02.250 of the pause. However, now that I see the pause 00:36:02.250 --> 00:36:04.429 would last one full year, it feels excessive. 00:36:04.909 --> 00:36:07.090 To me, that only suggests one thing, the end 00:36:07.090 --> 00:36:09.150 of the DAO. I may be wrong, but I'm concerned 00:36:09.150 --> 00:36:11.369 this could simply be a way to quietly make the 00:36:11.369 --> 00:36:13.409 DAO fade away and Amoka might be uncomfortable 00:36:13.409 --> 00:36:16.929 dealing with it. I agree with what he's saying. 00:36:17.449 --> 00:36:19.329 And then he went on to say, have you ever seen 00:36:19.329 --> 00:36:21.610 a DAO truly function with an end? an Animoca 00:36:21.610 --> 00:36:24.570 project. I'm far from knowing everything. Animoca 00:36:24.570 --> 00:36:26.590 brands is huge, but among the projects I follow, 00:36:26.750 --> 00:36:29.010 none really have an active DAO or if they do, 00:36:29.130 --> 00:36:32.849 never actually been used. I'm involved in, this 00:36:32.849 --> 00:36:34.730 is not his words, it's me. I'm involved with 00:36:34.730 --> 00:36:38.489 the Sandbox DAO, Star Atlas DAO. I was involved 00:36:38.489 --> 00:36:43.090 with 8 .DAO and a number of other DAOs. A lot 00:36:43.090 --> 00:36:46.769 of them are struggling with participation. But 00:36:46.769 --> 00:36:50.530 the Star Atlas DAO has an active council. We 00:36:50.530 --> 00:36:55.489 do open public meetings every week that we broadcast 00:36:55.489 --> 00:36:59.349 and livestream. And it's going really well. The 00:36:59.349 --> 00:37:01.789 community loves it. And it holds us accountable. 00:37:01.909 --> 00:37:06.110 And also the momentum we build is phenomenal. 00:37:06.570 --> 00:37:09.670 It's keeping the DAO going. And I think the same 00:37:09.670 --> 00:37:11.230 thing should have been done here with Sandbox. 00:37:11.630 --> 00:37:14.989 Having a well -known brand like the Sandbox have... 00:37:15.260 --> 00:37:18.679 an open, transparent special counsel that build 00:37:18.679 --> 00:37:20.960 in public, that would have been a recipe for 00:37:20.960 --> 00:37:23.880 success. It was working in the Star Atlas DAO, 00:37:23.940 --> 00:37:28.340 and that's much smaller by comparison. Okay, 00:37:28.519 --> 00:37:31.360 Sebgo went on to say the idea of forcing a shutdown 00:37:31.360 --> 00:37:33.780 raises many unanswered questions. He also talked 00:37:33.780 --> 00:37:35.739 about agreeing with Victor and his point about 00:37:35.739 --> 00:37:37.559 how difficult it is to build a strong relationship 00:37:37.559 --> 00:37:40.960 of trust with users. He also said, honestly, 00:37:41.059 --> 00:37:42.980 I'm not sure what the right move is. I understand 00:37:42.980 --> 00:37:46.300 Shanti's point. and it does make sense. There's 00:37:46.300 --> 00:37:47.940 little value in forcing things if the product 00:37:47.940 --> 00:37:50.659 isn't ready. Then talked about in that context, 00:37:50.840 --> 00:37:52.780 and given that Animoca Brands has no obligation 00:37:52.780 --> 00:37:56.679 other than a moral one to maintain the Dow, we 00:37:56.679 --> 00:37:57.900 don't really have much choice but to follow the 00:37:57.900 --> 00:37:59.900 direction being taken. That said, regardless 00:37:59.900 --> 00:38:01.539 of the outcome of the vote, there is one thing 00:38:01.539 --> 00:38:03.159 I believe should absolutely be put on the table. 00:38:03.260 --> 00:38:05.880 A clear, simple, and detailed report of the funds 00:38:05.880 --> 00:38:08.420 distributed and the return on investment. Straight 00:38:08.420 --> 00:38:10.480 forward comparison, promises versus reality. 00:38:12.800 --> 00:38:15.239 And that was from Subga. received a number of 00:38:15.239 --> 00:38:17.920 upvotes. Daddy Mufasa said my vote is continued 00:38:17.920 --> 00:38:22.500 to Dow, received a lot of upvotes. And Dow, who 00:38:22.500 --> 00:38:25.219 also is known as the intern, a delegate, said 00:38:25.219 --> 00:38:27.059 it's been a minute since I posted anything. Quite 00:38:27.059 --> 00:38:29.079 frankly, the last major retrenchment of staff 00:38:29.079 --> 00:38:31.219 was the final nail in the coffin for me, and 00:38:31.219 --> 00:38:33.440 I suspect many others. I've lost the community 00:38:33.440 --> 00:38:36.159 that we have over here in Singapore, as well 00:38:36.159 --> 00:38:39.199 as many globally that I met over the course of 00:38:39.199 --> 00:38:42.789 three years. I've stopped building on GameMaker 00:38:42.789 --> 00:38:44.710 ever since, and have only ever peeked into the 00:38:44.710 --> 00:38:47.230 sandbox's main page once in a while to see if 00:38:47.230 --> 00:38:49.769 life still exists there. I'm still in the metaverse 00:38:49.769 --> 00:38:52.150 though, mainly playing user -generated games 00:38:52.150 --> 00:38:57.230 on Roblox. And to be honest, I feel both pity 00:38:57.230 --> 00:38:59.690 and sadness that the sandbox could have been 00:38:59.690 --> 00:39:02.010 the Roblox in the crypto space. The expectation 00:39:02.010 --> 00:39:04.469 was never for sandbox to overtake Roblox, but 00:39:04.469 --> 00:39:06.750 be a force to be reckoned with. I believe many 00:39:06.750 --> 00:39:10.329 of us hoped for this. We sure did. End turn. 00:39:10.920 --> 00:39:13.420 He said, he then went on to say, my suspicion 00:39:13.420 --> 00:39:15.840 is that once the DAO closes, it'll likely never 00:39:15.840 --> 00:39:18.440 reopen. Talked about how much it breaks his heart 00:39:18.440 --> 00:39:20.659 to say, I think it's a good idea to return the 00:39:20.659 --> 00:39:25.039 DAO to TSB. Also talked about how allowing new 00:39:25.039 --> 00:39:27.019 management to decide on the direction of the 00:39:27.019 --> 00:39:28.860 organization, and then we decide if we want to 00:39:28.860 --> 00:39:32.199 stay. And ended with, I do hope that they say 00:39:32.199 --> 00:39:34.820 the course of the sandbox, the metaverse, but 00:39:34.820 --> 00:39:37.300 it's anyone's guess at this point. Season seven 00:39:37.300 --> 00:39:39.280 is coming, but what happens after, I doubt we'll 00:39:39.280 --> 00:39:42.719 have clarity in time soon. Sanctum then said 00:39:42.719 --> 00:39:45.199 that I'm interested in knowing what the sandbox 00:39:45.199 --> 00:39:48.039 is deciding for 2026. A clear roadmap will help 00:39:48.039 --> 00:39:50.380 creators. I responded with the sandbox roadmap 00:39:50.380 --> 00:39:52.559 went offline. And I showed a picture of that 00:39:52.559 --> 00:39:55.579 when I tried to go back to the public roadmap 00:39:55.579 --> 00:39:59.000 that it had, the board turned private. So we're 00:39:59.000 --> 00:40:02.920 no longer able to see the sandbox roadmap. That 00:40:02.920 --> 00:40:05.000 was a surprise. I hadn't seen it. I hadn't looked 00:40:05.000 --> 00:40:11.139 at it in a month or two, but yeah. A lot of people 00:40:11.139 --> 00:40:16.480 expressed their surprise at that as a die. I 00:40:16.480 --> 00:40:19.000 responded back to the intern about having the 00:40:19.000 --> 00:40:21.219 same suspicions that it'll likely never reopen 00:40:21.219 --> 00:40:27.019 if it closes. And I also commented on how ApeCoinDAO 00:40:27.019 --> 00:40:29.780 did something similar. Yugo Labs did something 00:40:29.780 --> 00:40:33.280 similar with ApeCoinDAO where they closed it 00:40:33.280 --> 00:40:36.679 down and they forced the vote. And I think that 00:40:36.679 --> 00:40:39.639 was a bad misstep on Yugo Labs' part. by pausing 00:40:39.639 --> 00:40:42.360 the ApeCoin DAO. And they have been struggling, 00:40:42.440 --> 00:40:45.440 they, Yuga Labs, has been struggling with participation 00:40:45.440 --> 00:40:48.980 in their ecosystem ever since. And I used Grok, 00:40:49.000 --> 00:40:52.000 I used ChatGBT to kind of run some numbers to 00:40:52.000 --> 00:40:55.340 see how their participation went. And it's been 00:40:55.340 --> 00:40:58.539 down, I think, something close to 30%. The likes, 00:40:58.599 --> 00:41:00.800 reposts, the comments, all of the discussions 00:41:00.800 --> 00:41:07.760 in ApeCoin community. And it traces back to the 00:41:07.760 --> 00:41:09.699 loss of attention and ownership of a community 00:41:09.699 --> 00:41:11.900 who no longer has a reason to engage in the Yuga 00:41:11.900 --> 00:41:14.440 system every day. It's more of just like a check 00:41:14.440 --> 00:41:17.579 -in. Whereas when you owned part of the 8 .0, 00:41:17.760 --> 00:41:22.059 you had a reason to get a stake in it. Your vote, 00:41:22.360 --> 00:41:27.860 your delegation, your alliances, your proposals, 00:41:28.239 --> 00:41:30.239 you had a lot of reasons to be involved every 00:41:30.239 --> 00:41:33.539 day. A lot of X -spaces happened because of it. 00:41:33.599 --> 00:41:36.880 A lot of attention. But ever since that, now 00:41:36.880 --> 00:41:39.300 it's just been kind of like other side and some 00:41:39.300 --> 00:41:44.679 other fan -made projects. But there's a lot of 00:41:44.679 --> 00:41:46.519 momentum that's been lost because of it. And 00:41:46.519 --> 00:41:48.079 I think that's about to happen to the Sandbox. 00:41:48.699 --> 00:41:52.219 I wish we would have continued it. And then talk 00:41:52.219 --> 00:41:55.980 about how I hope Robbie is being advised by people 00:41:55.980 --> 00:41:57.960 who understand the DAO's ability to produce results, 00:41:58.119 --> 00:42:00.960 like the Sandbox DAO grants program, the NFT 00:42:00.960 --> 00:42:04.739 collection, curation. of DAO Education Hub and 00:42:04.739 --> 00:42:06.820 Magic Palette, there have been some big hits, 00:42:06.940 --> 00:42:09.760 some big successful hits. But it gets to the 00:42:09.760 --> 00:42:13.079 feeling that Robbie isn't being advised by Robbie, 00:42:13.139 --> 00:42:15.260 the new CEO, isn't being advised through people 00:42:15.260 --> 00:42:17.920 who understand DAO's ability to produce results. 00:42:18.619 --> 00:42:20.639 It's not clear to me that many people within 00:42:20.639 --> 00:42:24.920 the Sandbox company do understand the DAO and 00:42:24.920 --> 00:42:29.099 the power that can be wielded by people in the 00:42:29.099 --> 00:42:33.659 community to augment almost... free of cost, 00:42:33.800 --> 00:42:39.500 the Sandbox Game Company. So that was a bummer. 00:42:39.579 --> 00:42:43.599 And then I talked about how the Star Atlas DAO, 00:42:43.679 --> 00:42:45.739 which I'm special counsel for the Star Atlas 00:42:45.739 --> 00:42:50.739 DAO. I was elected now into second term. We've 00:42:50.739 --> 00:42:55.619 hosted, in nine months, we hosted 37 public meetings 00:42:55.619 --> 00:43:00.119 over in the Star Atlas DAO. We get about an average 00:43:00.119 --> 00:43:04.219 of 11 attendees and 15 stream viewers each time 00:43:04.219 --> 00:43:06.619 we live stream it. And that's a game only with 00:43:06.619 --> 00:43:09.000 a thousand monthly active users. Whereas the 00:43:09.000 --> 00:43:11.340 sandbox had, you know, at one point had over 00:43:11.340 --> 00:43:16.860 a million. So right now it looks like 20 to 60 00:43:16.860 --> 00:43:20.960 ,000 per chat GPT that the sandbox has. So we 00:43:20.960 --> 00:43:27.019 could have three, four times the amount of meeting 00:43:27.019 --> 00:43:29.960 participants. and viewers and that's just more 00:43:29.960 --> 00:43:32.840 content more attention economy that would benefit 00:43:32.840 --> 00:43:37.519 the sandbox itself and so i i have a little dashboard 00:43:37.519 --> 00:43:39.420 that we are tracking over in star atlas style 00:43:39.420 --> 00:43:44.619 all the accomplishments we made 149 of them 149 00:43:44.619 --> 00:43:47.780 accomplishments that that impacted the star atlas 00:43:47.780 --> 00:43:51.239 ecosystem in a positive way and overseeing payments 00:43:51.239 --> 00:43:57.099 and increasing the Sorry, let's dial voting participation 00:43:57.099 --> 00:44:00.500 as one of our goals. We wanted something close 00:44:00.500 --> 00:44:06.619 to 50 million, 80 million participation every 00:44:06.619 --> 00:44:11.420 proposal. And we reached that almost every single 00:44:11.420 --> 00:44:17.699 time. So yeah, it's definitely doable. And it 00:44:17.699 --> 00:44:19.900 is being done in other DAOs. And it's something 00:44:19.900 --> 00:44:22.659 that could happen here with the elections that 00:44:22.659 --> 00:44:26.460 were supposed to happen on. by January 1st. Hishmad 00:44:26.460 --> 00:44:28.360 then responded and said, I'm invested in the 00:44:28.360 --> 00:44:30.360 sandbox and we believe in decentralized governance 00:44:30.360 --> 00:44:32.519 done right. He would be voting in favor of the 00:44:32.519 --> 00:44:35.639 proposal because he believed that we reached 00:44:35.639 --> 00:44:38.199 a point where a pause is essential and as an 00:44:38.199 --> 00:44:40.099 entrepreneur, Hishmad believes that the most 00:44:40.099 --> 00:44:42.440 strategic move is to safeguard the remaining 00:44:42.440 --> 00:44:44.800 resources by suspending activity as proposed. 00:44:46.420 --> 00:44:49.420 Byverson, and Hishmad's a verified delegate, 00:44:49.760 --> 00:44:52.780 Byverson then responded, he's also a verified 00:44:52.780 --> 00:44:56.079 delegate. That TSP is undergoing some serious 00:44:56.079 --> 00:44:59.579 downsizing. It's felt in every field, staff reductions, 00:44:59.780 --> 00:45:03.820 closure of country representative offices, and 00:45:03.820 --> 00:45:05.519 even reducing the number of honorable mentions 00:45:05.519 --> 00:45:09.420 in game jams. So, Biverson is not surprised to 00:45:09.420 --> 00:45:13.780 see the DAO being discontinued. Talks about TSP 00:45:13.780 --> 00:45:17.179 numbers and not making a profit. Talks about 00:45:17.179 --> 00:45:21.099 development tools are better than ever, but they 00:45:21.099 --> 00:45:24.659 are worse compared to their competitors. Talked 00:45:24.659 --> 00:45:26.400 about an outlook of the last five years with 00:45:26.400 --> 00:45:30.860 GameMaker. And the Dallas Community Interaction 00:45:30.860 --> 00:45:34.500 talks about the new management wants to solve 00:45:34.500 --> 00:45:41.940 many problems. And TSB is more than a sick man, 00:45:42.079 --> 00:45:45.280 as it seems from the outside. And unless TSB 00:45:45.280 --> 00:45:48.260 is operated on, it's unlikely to survive. So 00:45:48.260 --> 00:45:50.340 one asked if there would be a roadmap, would 00:45:50.340 --> 00:45:53.719 there be programs and change? And in short, even 00:45:53.719 --> 00:45:57.079 though biversing is undecided, the yes side outweighs 00:45:57.079 --> 00:46:00.519 the current situation. I responded back, did 00:46:00.519 --> 00:46:03.900 a little calculation, and thought that we had 00:46:03.900 --> 00:46:08.940 received about $6 .8 million in USDC from the 00:46:08.940 --> 00:46:11.579 Sandbox Game Company as an endowment. We spent 00:46:11.579 --> 00:46:15.239 $2 .3 million across 38 SIPs, and we had $4 .4 00:46:15.239 --> 00:46:19.460 million left. So I thought that we could safely 00:46:19.460 --> 00:46:21.940 involve the Dow and keep the Dow going for less 00:46:21.940 --> 00:46:24.840 than $200 ,000 USDC a year. And this is nothing 00:46:24.840 --> 00:46:29.420 to our remaining $4 .4 million budget. So I wanted 00:46:29.420 --> 00:46:32.820 to continue the Dow because of that. Ishmad responded 00:46:32.820 --> 00:46:34.780 back to me and said he agrees with the perspective, 00:46:34.880 --> 00:46:38.300 but to clarify his understanding, wanted to know 00:46:38.300 --> 00:46:41.000 if the $6 .8 million from the sandbox is structured 00:46:41.000 --> 00:46:45.619 as a grant or accountable debt. Spoiler alert, 00:46:45.679 --> 00:46:49.280 it was a grant, not accountable debt. And Spann 00:46:49.280 --> 00:46:51.380 also said, furthermore, I'm a bit advocate for 00:46:51.380 --> 00:46:53.460 voluntary governance. If there's an appetite 00:46:53.460 --> 00:46:56.699 for it, and I'd like to volunteer his time, I'm 00:46:56.699 --> 00:46:58.019 sure there are others in the community who'd 00:46:58.019 --> 00:47:01.260 be willing to join me in pro bono capacity. Myself 00:47:01.260 --> 00:47:04.559 included. Xero said, I think we need more information 00:47:04.559 --> 00:47:06.380 before deciding which route we're going to take. 00:47:08.420 --> 00:47:12.079 And then posted the AMA that at the time was 00:47:12.079 --> 00:47:14.940 about to happen in February with... Sebastian 00:47:14.940 --> 00:47:20.760 Bourget, Cyril, Robbie Young, also Panda Pops 00:47:20.760 --> 00:47:24.940 was there. And I responded back to Hishmad. I 00:47:24.940 --> 00:47:27.340 wasn't sure at the time if it was grant or accountable 00:47:27.340 --> 00:47:31.199 debt. The 15 .5 million sand that was given, 00:47:31.280 --> 00:47:33.880 that was about the 6 .8 million USDC at the time, 00:47:33.940 --> 00:47:39.059 converted to 6 .8 million. Back then, the exchange 00:47:39.059 --> 00:47:45.360 rate was 44 cents per sand. So that amounts to 00:47:45.360 --> 00:47:50.500 $6 .8 million when granted $15 .5 million. Hishman 00:47:50.500 --> 00:47:53.599 said it'd be helpful to revisit the documentation, 00:47:54.000 --> 00:47:55.900 which I did that, and that's when we discovered 00:47:55.900 --> 00:47:59.360 it was a grant, not a countable debt. And said 00:47:59.360 --> 00:48:01.179 while an unconditional grant allows for total 00:48:01.179 --> 00:48:03.260 independence, a conditional agreement means we 00:48:03.260 --> 00:48:05.119 must be diligent in respecting the sandbox's 00:48:05.119 --> 00:48:07.599 intended direction. So even though it was a grant, 00:48:08.000 --> 00:48:14.179 there still was some, you know, sandbox. wallet 00:48:14.179 --> 00:48:16.320 put their thumb on the scale to make sure that 00:48:16.320 --> 00:48:19.219 the yes foot would be obtained i responded back 00:48:19.219 --> 00:48:21.679 and said i didn't see any indication this was 00:48:21.679 --> 00:48:26.019 a loan and as i have learned from eight coin 00:48:26.019 --> 00:48:28.199 dow and star alistow who are both foundation 00:48:28.199 --> 00:48:31.039 companies in the grand cayman islands the originating 00:48:31.039 --> 00:48:33.019 company could impose their own restrictions simply 00:48:33.019 --> 00:48:34.960 by controlling the wallet or having a separate 00:48:34.960 --> 00:48:38.119 service agreement so that's just my my reading 00:48:38.119 --> 00:48:41.880 of their documents that are public and discovered 00:48:41.880 --> 00:48:44.960 that there was still a measure of control that 00:48:44.960 --> 00:48:48.199 both companies could exert on the foundation 00:48:48.199 --> 00:48:51.519 companies. Just because they're separate companies 00:48:51.519 --> 00:48:54.099 in separate countries doesn't mean that there 00:48:54.099 --> 00:48:57.579 isn't a degree of control there. Hishmat said, 00:48:57.679 --> 00:49:00.500 thanks for the clarification. Serial's proposal 00:49:00.500 --> 00:49:04.639 is transparent, and it's clear that the TSP management 00:49:04.639 --> 00:49:06.320 team has thoroughly vetted the potential impacts. 00:49:07.920 --> 00:49:09.539 If we are to maintain the DAO, we must have a 00:49:09.539 --> 00:49:11.699 compelling justification that aligns with the 00:49:11.699 --> 00:49:14.739 TSB's strategic goals. I asked, what further 00:49:14.739 --> 00:49:16.519 reasons can we provide to bolster our position 00:49:16.519 --> 00:49:19.480 before the discussion? And suspected that TSB's 00:49:19.480 --> 00:49:21.340 3 .0 strategy might be headed in a different 00:49:21.340 --> 00:49:23.960 direction than what I was suggesting. I mean, 00:49:24.000 --> 00:49:26.019 Lancer. To make this more persuasive, do you 00:49:26.019 --> 00:49:27.739 have a more robust or compelling reason we should 00:49:27.739 --> 00:49:32.699 present? That bridges the gap. And I said, there 00:49:32.699 --> 00:49:35.699 are three reasons. Reason one, or reason A, was 00:49:35.699 --> 00:49:41.639 that... No new SIPs and governing bodies were 00:49:41.639 --> 00:49:44.099 not codependent on each other. We could have 00:49:44.099 --> 00:49:48.500 a governing body without stopping the no new 00:49:48.500 --> 00:49:51.079 funding SIPs. As in, we could stop funding new 00:49:51.079 --> 00:49:53.239 SIPs and still have governance bodies. We didn't 00:49:53.239 --> 00:49:56.320 need to halt both at the same time. And reason 00:49:56.320 --> 00:49:59.880 B was the continued exclusion of community -nominated 00:49:59.880 --> 00:50:02.619 bodies will increase community frustrations and 00:50:02.619 --> 00:50:05.659 repeat missing the mark with the community. So, 00:50:05.679 --> 00:50:07.760 for example, the first special counsel and advisory 00:50:07.760 --> 00:50:10.639 board, they were all nominated by the internal 00:50:10.639 --> 00:50:14.420 corporate deliberations and proposed to the community 00:50:14.420 --> 00:50:18.599 in SIPs 1, 2, and 3. They were nominated by the 00:50:18.599 --> 00:50:21.699 Samox Game Company and resulted in intense outrage 00:50:21.699 --> 00:50:26.920 in the beginning. And ever since then, the special 00:50:26.920 --> 00:50:29.760 counsel and advisory board were largely silent 00:50:29.760 --> 00:50:32.320 throughout. They didn't do any billing in public. 00:50:33.440 --> 00:50:38.840 have any public meetings. And so we had, the 00:50:38.840 --> 00:50:42.639 DAO was absent, their leadership. And if they 00:50:42.639 --> 00:50:44.900 had been more present, I think that that would 00:50:44.900 --> 00:50:48.440 not have been quite so hard on the community. 00:50:50.239 --> 00:50:52.719 Reason C, the third reason was the continued 00:50:52.719 --> 00:50:55.340 over -reliance on internal corporate deliberations 00:50:55.340 --> 00:50:58.099 will repeat the cycle of misapplied solutions. 00:50:58.840 --> 00:51:01.090 Longstanding community sentiment. is that the 00:51:01.090 --> 00:51:03.889 decisions are handed down from on high from a 00:51:03.889 --> 00:51:06.730 closed system and the sandboxing company, which 00:51:06.730 --> 00:51:08.909 consistently sidesteps the necessary process 00:51:08.909 --> 00:51:11.590 required for precise fulfillment of community 00:51:11.590 --> 00:51:14.989 needs. The example is conducting multiple restricted 00:51:14.989 --> 00:51:18.030 X -Bases where only corporate individuals and 00:51:18.030 --> 00:51:20.349 unfamiliar key opinion leaders are invited on 00:51:20.349 --> 00:51:23.949 stage. So some of the AMAs that were held, the 00:51:23.949 --> 00:51:26.730 ones I'm thinking right now, is when they did 00:51:26.730 --> 00:51:34.860 the sip on funding. Funding the Sandbox Ambassadors. 00:51:35.199 --> 00:51:38.480 It was a closed X -Space. There was not much 00:51:38.480 --> 00:51:40.539 community involvement. It was just a one -way 00:51:40.539 --> 00:51:47.619 PR meeting where they said some things, they 00:51:47.619 --> 00:51:49.440 talked about some things. I covered that in a 00:51:49.440 --> 00:51:52.699 Sandbox Tao episode. And my disappointment that 00:51:52.699 --> 00:51:56.880 it was a closed meeting. They handed it down, 00:51:56.980 --> 00:52:00.110 what they want us to know. And there was no real 00:52:00.110 --> 00:52:02.809 discussion about it. It was really disappointing. 00:52:03.110 --> 00:52:08.389 And the AMAs for this SIP were the same. No one 00:52:08.389 --> 00:52:10.030 from the community was really invited on stage 00:52:10.030 --> 00:52:14.369 to talk or ask questions. And the discussion 00:52:14.369 --> 00:52:17.750 here in this thread, as you can see, the Sandbox 00:52:17.750 --> 00:52:21.289 account is silent. You're about to hear from 00:52:21.289 --> 00:52:23.670 Cyril and the Sandbox account after the AMA, 00:52:23.710 --> 00:52:25.769 but they make a few posts and they don't respond 00:52:25.769 --> 00:52:29.079 back. So this is a community responding to itself, 00:52:29.340 --> 00:52:34.699 having to figure itself out and deal with not 00:52:34.699 --> 00:52:39.039 having any leadership really present. So those 00:52:39.039 --> 00:52:41.519 are my three reasons. Hishmad responded back 00:52:41.519 --> 00:52:44.719 to me and said, seeking more clarity on reason 00:52:44.719 --> 00:52:47.659 A, but he does find B and C to be very straightforward 00:52:47.659 --> 00:52:50.619 and he's fully aligned with them. Thank you, 00:52:50.639 --> 00:52:53.460 Hishmad. Cyril responded back and said, just 00:52:53.460 --> 00:52:57.880 to correct some data. The $15 .5 million in sand 00:52:57.880 --> 00:53:00.079 was a donation with no strings attached, not 00:53:00.079 --> 00:53:02.719 a loan. It was never swapped to USDC from the 00:53:02.719 --> 00:53:05.320 get -go, so you remember that the first SIP was 00:53:05.320 --> 00:53:07.619 only payable in sand, and most of our treasury 00:53:07.619 --> 00:53:10.260 remained in sand. It was swapped tactically when 00:53:10.260 --> 00:53:12.539 the exchange rate was favorable and to pay for 00:53:12.539 --> 00:53:15.059 certain bills or SIP that were billed in fiat, 00:53:15.199 --> 00:53:18.800 ETH, or USDC. With sand being at $0 .10, what 00:53:18.800 --> 00:53:21.800 is effectively left in the vault today is $891 00:53:21.800 --> 00:53:25.559 ,000 USDC, not $4 million. And this is not taking 00:53:25.559 --> 00:53:27.139 into account the bills they're left to pay for 00:53:27.139 --> 00:53:30.340 this year to maintain the system. So I guess 00:53:30.340 --> 00:53:35.400 if everything is still in sand, I get the protective 00:53:35.400 --> 00:53:38.960 stance by the Sandbox company and the admin team 00:53:38.960 --> 00:53:42.420 if they didn't swap it to USDC back when the 00:53:42.420 --> 00:53:46.679 exchange rate was better. So that's a bummer. 00:53:46.920 --> 00:53:50.030 It's a big bummer. Instead of the $4 million 00:53:50.030 --> 00:53:52.469 that I calculated, and I calculated it at the 00:53:52.469 --> 00:53:56.010 time it was given as an endowment, back when 00:53:56.010 --> 00:53:59.449 that $0 .44 exchange rate. So $4 million then. 00:53:59.769 --> 00:54:02.550 But if you take into account what's left, and 00:54:02.550 --> 00:54:05.630 at an exchange rate of $0 .10, Cyril is saying 00:54:05.630 --> 00:54:09.289 that what's left is $891 ,000, not the $4 .4 00:54:09.289 --> 00:54:11.769 million that I calculated. So that was a good 00:54:11.769 --> 00:54:16.349 discussion point. Shanti then posted a summary 00:54:16.349 --> 00:54:23.320 of the AMA. on SIP39 with the CEO, and that was 00:54:23.320 --> 00:54:27.659 one of the only summaries that we got. I didn't 00:54:27.659 --> 00:54:29.519 think to record it, and the recording bug hit, 00:54:29.619 --> 00:54:31.880 so we didn't have a recording of it, but I did 00:54:31.880 --> 00:54:35.760 cover that back in, as I mentioned earlier, I 00:54:35.760 --> 00:54:40.780 did cover those AMAs in SIP number, or not SIP, 00:54:40.820 --> 00:54:47.900 in Sandow 67, a reaction to the Dow pause. Okay. 00:54:55.369 --> 00:55:01.550 So, Shanti talked about how the AMA summary was, 00:55:01.750 --> 00:55:04.309 the core objective was to pause DAO operations 00:55:04.309 --> 00:55:07.989 to reallocate resources toward a core product 00:55:07.989 --> 00:55:11.070 development and AI -driven innovation, and cited 00:55:11.070 --> 00:55:14.150 resource optimization, operational shift, AI 00:55:14.150 --> 00:55:17.510 creator tools. Existing SIPs will be paused. 00:55:18.070 --> 00:55:21.869 Excuse me, existing SIPs, most would be approved. 00:55:22.800 --> 00:55:24.679 Most approved SIPs would be honored, although 00:55:24.679 --> 00:55:28.780 three of them would be discontinued. My biggest 00:55:28.780 --> 00:55:34.099 disappointment was the NFT curation one by Arth 00:55:34.099 --> 00:55:35.880 Morton and his team, which is making the DAO 00:55:35.880 --> 00:55:39.820 money, was paused. Also, the land sales, which 00:55:39.820 --> 00:55:42.960 would have made it possible to trade estates 00:55:42.960 --> 00:55:46.239 in a secure and safe manner using the already 00:55:46.239 --> 00:55:49.980 integrated GBM system, that was paused, which 00:55:49.980 --> 00:55:53.059 is a big bummer. Those who have estates know 00:55:53.059 --> 00:55:56.019 how hard it is to trade and sell them. We have 00:55:56.019 --> 00:55:59.260 to do it through pretty unsafe methods. But having 00:55:59.260 --> 00:56:03.480 an in -house sandbox exchange trade or buy -sell 00:56:03.480 --> 00:56:09.420 for estates would have been really helpful. The 00:56:09.420 --> 00:56:12.440 sandbox account did respond after that and said, 00:56:12.599 --> 00:56:15.059 Thank you for your comment, Hishmad. We hope 00:56:15.059 --> 00:56:17.239 today's AMA helps shed some more light on the 00:56:17.239 --> 00:56:20.719 road ahead for the sandbox. Which it did. SIP 00:56:20.719 --> 00:56:23.199 39 is intended to be both operational and strategic. 00:56:23.380 --> 00:56:26.360 It pauses SIP intake, programs, and operations 00:56:26.360 --> 00:56:29.460 to preserve the DAO's asset and ensure it is 00:56:29.460 --> 00:56:31.260 best positioned once it's determined how the 00:56:31.260 --> 00:56:34.059 DAO should contribute in the context of the sandbox's 00:56:34.059 --> 00:56:36.739 evolving ecosystem and what the best future model 00:56:36.739 --> 00:56:42.820 should be. That was a very PR answer. Yeah, we 00:56:42.820 --> 00:56:46.079 need more from the sandbox. We need them to engage 00:56:46.079 --> 00:56:49.730 more with the community. Yes, the community is 00:56:49.730 --> 00:56:53.369 angry. You need to internalize that and persist 00:56:53.369 --> 00:56:57.769 through that tension. Most of the anger comes 00:56:57.769 --> 00:57:01.630 from the lack of transparency, and messages like 00:57:01.630 --> 00:57:05.489 these are very corporate -heavy, very one -way 00:57:05.489 --> 00:57:07.929 that I was talking about earlier and my three 00:57:07.929 --> 00:57:11.110 reasons when I was talking with Hishmad, and 00:57:11.110 --> 00:57:16.329 it's not helping. It's not helping. I really 00:57:16.329 --> 00:57:20.389 wish they had... been a bit more involved cyril 00:57:20.389 --> 00:57:24.010 was hunted back and said just confirming this 00:57:24.010 --> 00:57:26.130 is a legit sandbox account be careful about the 00:57:26.130 --> 00:57:29.750 impersonator um he's referring to sandbox account 00:57:29.750 --> 00:57:32.710 that won one message prior so can zero confirm 00:57:32.710 --> 00:57:36.329 that this is a legit account and then i talk 00:57:36.329 --> 00:57:40.349 about um the x space playback bug for the ama 00:57:40.349 --> 00:57:46.849 that happened in february and my quick My quick 00:57:46.849 --> 00:57:51.429 outline that it lasted 30 minutes. Panda Pops 00:57:51.429 --> 00:57:53.670 was the host with Seb, Robbie, and Cyril as speakers. 00:57:54.230 --> 00:57:56.489 Robbie said that the point of the pause is to 00:57:56.489 --> 00:57:58.530 conserve resources while we focus our efforts 00:57:58.530 --> 00:58:01.429 on Sandbox 3 .0, mainly Sandchain and Corners. 00:58:01.690 --> 00:58:03.969 Robbie also said the Sandbox wallet will be voting 00:58:03.969 --> 00:58:05.989 with its voting power. So he told us at that 00:58:05.989 --> 00:58:08.150 time it wouldn't be happening. Didn't tell us 00:58:08.150 --> 00:58:14.030 that the 24 million delegate power would be... 00:58:14.760 --> 00:58:17.980 were ascended, taken away, and added to its wallet 00:58:17.980 --> 00:58:22.099 to heavily weight it toward yes. Cyril presented, 00:58:22.500 --> 00:58:25.780 or wanted to present, oh, Cyril mentioned that 00:58:25.780 --> 00:58:27.579 he presented a rewritten constitution of the 00:58:27.579 --> 00:58:30.820 bylaws to the Sandbox company, but the Sandbox 00:58:30.820 --> 00:58:33.480 chose not to pursue that path, which is interesting, 00:58:33.559 --> 00:58:36.320 and I really feel for Cyril. It's clear that 00:58:36.320 --> 00:58:38.380 he is really advocating for the community here 00:58:38.380 --> 00:58:42.300 and tried to save it, but the Sandbox... Game 00:58:42.300 --> 00:58:44.519 company or someone in a position of power, most 00:58:44.519 --> 00:58:48.179 likely Robbie, we don't know, said no. Didn't 00:58:48.179 --> 00:58:50.940 want to go that route at this time. And the special 00:58:50.940 --> 00:58:52.719 counsel and advisory board elections will not 00:58:52.719 --> 00:58:57.380 be held. So those were my notes that I recorded 00:58:57.380 --> 00:59:02.500 after realizing that the playback bug hit that 00:59:02.500 --> 00:59:06.059 X space. Then I talked about going live on Sandow 00:59:06.059 --> 00:59:13.679 podcast. So there it is. Okay, then I responded 00:59:13.679 --> 00:59:16.539 back to Cyril, who talked about SEM being at 00:59:16.539 --> 00:59:20.579 $0 .10 and the value being $891 ,000, USDC not 00:59:20.579 --> 00:59:24.539 $4 million. And I said, yes, I did forget to 00:59:24.539 --> 00:59:28.500 account for the remaining value in today's value 00:59:28.500 --> 00:59:32.219 exchange rate. But it was really difficult to 00:59:32.219 --> 00:59:34.380 calculate that value because not all SIPs were 00:59:34.380 --> 00:59:37.480 cited in SEM. Some were cited in USDC and some 00:59:37.480 --> 00:59:41.019 were in euros. So it was difficult for me. I 00:59:41.019 --> 00:59:44.659 had to pull the exchange rates for each SIP when 00:59:44.659 --> 00:59:48.099 they closed and convert that day's exchange rate 00:59:48.099 --> 00:59:54.920 as the official USDC account. And yeah, so I 00:59:54.920 --> 00:59:57.340 converted all of them into USDC the day the vote 00:59:57.340 --> 01:00:00.420 ended to come up with a number that I could back. 01:00:00.679 --> 01:00:02.980 And that was rational to me. So that number I 01:00:02.980 --> 01:00:08.139 came up with was $460 ,000, which is $4 .1 million. 01:00:08.990 --> 01:00:15.030 4 .6 million times 10 cents. And I asked him 01:00:15.030 --> 01:00:17.210 if he could share his formula. And I shared mine 01:00:17.210 --> 01:00:21.670 here. This. Which I'll cover in the next send 01:00:21.670 --> 01:00:25.150 out episode. Where we go through the sandbox 01:00:25.150 --> 01:00:28.190 now. And then I shared my calculation sheet. 01:00:28.289 --> 01:00:32.789 Which had a lot of formulas. A lot of formulas. 01:00:33.789 --> 01:00:37.769 I went through every sip. Recorded the details. 01:00:38.480 --> 01:00:41.280 And then on the far right -hand side is a big 01:00:41.280 --> 01:00:46.460 table of the exchange rates for that particular 01:00:46.460 --> 01:00:50.559 day. And you can see how in SIP 1, it was $0 01:00:50.559 --> 01:00:57.199 .44. And here in SIP, the latest SIP, $0 .38, 01:00:57.519 --> 01:01:02.460 was $0 .11. So quite a reduction since SIP 1. 01:01:05.260 --> 01:01:07.920 This inbox account. Responded back to me and 01:01:07.920 --> 01:01:10.500 said, hello, Lancer, we would like to share some 01:01:10.500 --> 01:01:13.800 clarification on reason A that I cited. So reason 01:01:13.800 --> 01:01:18.019 A, if you all remember, was when I said no new 01:01:18.019 --> 01:01:20.400 funding SIPs and governance bodies were not COVID 01:01:20.400 --> 01:01:22.059 dependent. You could do one without the other, 01:01:22.159 --> 01:01:24.940 meaning you could continue governing without. 01:01:25.960 --> 01:01:28.460 I'm sorry, you could continue governing and pause 01:01:28.460 --> 01:01:38.400 SIPs. You didn't have to stop both. The Sandbox 01:01:38.400 --> 01:01:40.639 responded back to that and said, Hello, Lenzer. 01:01:40.639 --> 01:01:42.239 We'd like to share some clarification on reason 01:01:42.239 --> 01:01:45.420 A. SIP 39 is not only a pause on new funding 01:01:45.420 --> 01:01:48.539 SIPs, it also pauses DAO operations and governance 01:01:48.539 --> 01:01:51.199 activity as a whole. Under SIP 39, the Special 01:01:51.199 --> 01:01:53.199 Counsel and Advisory Board will be discontinued 01:01:53.199 --> 01:01:55.460 along with SIPs. This also means that related 01:01:55.460 --> 01:01:58.000 activity and remuneration, remuneration means 01:01:58.000 --> 01:02:00.840 payment or compensation, will stop. The Constitution 01:02:00.840 --> 01:02:03.199 remains as a reference framework, but revised 01:02:03.199 --> 01:02:06.000 to remove certain governance functions as defined 01:02:06.000 --> 01:02:09.469 in SIP 39. This was a very confusing response 01:02:09.469 --> 01:02:15.590 because my post was saying that they didn't have 01:02:15.590 --> 01:02:19.010 to be all in SIP 39. You could continue governing 01:02:19.010 --> 01:02:24.130 bodies while stopping new SIPs. And the sandbox's 01:02:24.130 --> 01:02:26.489 official account said they just reiterated what 01:02:26.489 --> 01:02:29.289 SIP 39 was. They didn't really address what I 01:02:29.289 --> 01:02:33.349 was saying. They just kind of went right past 01:02:33.349 --> 01:02:37.550 that. I'm not really sure. I guess they didn't 01:02:37.550 --> 01:02:41.449 really read my response. I'm not quite sure why 01:02:41.449 --> 01:02:47.230 they chose to respond like that. So the Sandbox 01:02:47.230 --> 01:02:51.130 official account then made another post and said, 01:02:51.230 --> 01:02:54.550 at this stage, the DAO pause timeline is indefinite. 01:02:54.590 --> 01:02:57.130 The Sandbox and the Sandbox Foundation will review 01:02:57.130 --> 01:02:59.150 options that present the best future for the 01:02:59.150 --> 01:03:01.809 DAO if and when there is a concrete proposal, 01:03:02.170 --> 01:03:04.309 which could mean reactivation or a new model. 01:03:04.940 --> 01:03:07.780 It would be shared as an update in the SIP form 01:03:07.780 --> 01:03:10.139 thread. Until then, the DAO remains in the maintenance 01:03:10.139 --> 01:03:12.780 mode. Minimal activity as defined in SIP 39. 01:03:13.559 --> 01:03:15.679 Reactivation would involve a new SIP that defines 01:03:15.679 --> 01:03:18.000 scope, mandate, governance model, and budget. 01:03:20.820 --> 01:03:24.760 So, clarification by the Sandbox account. Cyril 01:03:24.760 --> 01:03:31.340 responded back to me. And... I responded back 01:03:31.340 --> 01:03:34.099 with the clarification, if you could share his 01:03:34.099 --> 01:03:37.679 formula. He said, I'm afraid the picture you're 01:03:37.679 --> 01:03:40.519 presenting is overly simplified. I'll respond 01:03:40.519 --> 01:03:43.019 briefly, but not to sidebar this thread. We've 01:03:43.019 --> 01:03:44.940 done multiple swaps throughout the life of the 01:03:44.940 --> 01:03:47.460 DAO using different rates, which makes sense 01:03:47.460 --> 01:03:49.179 that they would do that. I just don't have that 01:03:49.179 --> 01:03:51.619 data, so I don't know what those swaps were when 01:03:51.619 --> 01:03:54.619 they were made. So I'm not able to follow that 01:03:54.619 --> 01:03:58.739 logic. Did so when the market was in our favor. 01:03:58.920 --> 01:04:03.860 Also did so to pay certain bills. Applied what 01:04:03.860 --> 01:04:07.880 they call the 70 -110 rule on certain SIPs, meaning 01:04:07.880 --> 01:04:10.639 we have protected the author from the sand going 01:04:10.639 --> 01:04:14.079 too low, down to 70%. Oh, yeah, yeah. So I covered 01:04:14.079 --> 01:04:17.880 that in an earlier Sandow episode when they came 01:04:17.880 --> 01:04:20.219 up with the new rules. When they transitioned 01:04:20.219 --> 01:04:23.920 in October 2024 to the new SIP process, they 01:04:23.920 --> 01:04:29.599 also had that at 70. 110 rule in place. So meaning 01:04:29.599 --> 01:04:31.920 for certain SIPs, we had to pay more sand than 01:04:31.920 --> 01:04:34.860 was intended. The 110 % rule was the other way 01:04:34.860 --> 01:04:36.619 around to protect the DAO from overpaying the 01:04:36.619 --> 01:04:39.480 author. Later, we ditched that rule, deemed too 01:04:39.480 --> 01:04:41.900 complex, and favored what we called a grant lock. 01:04:42.239 --> 01:04:44.880 We fixed the exchange rate at the time the SIP 01:04:44.880 --> 01:04:48.400 was approved and swapped to USDC directly, saved 01:04:48.400 --> 01:04:50.699 it until it was time to pay. It was mainly used 01:04:50.699 --> 01:04:53.300 for later SIPs labeled USDC, which makes sense. 01:04:53.300 --> 01:04:56.820 That is a pretty easy... more simpler method. 01:04:57.139 --> 01:05:00.300 And then we also, he also said, Cyril did, we 01:05:00.300 --> 01:05:03.420 also had some income using various DeFi protocol. 01:05:03.659 --> 01:05:08.300 And for example, the work of the, the art NFT 01:05:08.300 --> 01:05:11.360 collect curation team, final number that he gave 01:05:11.360 --> 01:05:15.099 191 ,000, 891 ,000 is automatically calculated 01:05:15.099 --> 01:05:17.960 by ourselves, custodian software and accounting. 01:05:18.219 --> 01:05:23.380 It's mainly made of sand, ETH and USDC. is the 01:05:23.380 --> 01:05:25.440 golden source and cannot be approximated by a 01:05:25.440 --> 01:05:30.400 formula. So in light of that, I still stand by 01:05:30.400 --> 01:05:32.719 my numbers because that's the best I have to 01:05:32.719 --> 01:05:35.940 make my own calculations. And I understand Ciro 01:05:35.940 --> 01:05:39.099 had a profit and loss statement they calculated, 01:05:39.480 --> 01:05:42.860 but it wasn't able to share that, so I couldn't 01:05:42.860 --> 01:05:46.800 follow along. All right, then I responded back 01:05:46.800 --> 01:05:49.300 to the Sandbox account, who, when they responded 01:05:49.300 --> 01:05:52.539 back to me and reiterated SIP39, I said, I understand 01:05:52.539 --> 01:05:55.000 my position that it's possible to go through 01:05:55.000 --> 01:05:58.300 with not allowing any new funding SIPs and still 01:05:58.300 --> 01:06:00.760 continue the governing bodies of special counsel 01:06:00.760 --> 01:06:03.079 and advisory board. It doesn't have to be everything 01:06:03.079 --> 01:06:05.420 paused all at once, and the sandbox loses very 01:06:05.420 --> 01:06:08.639 little by continuing governance. I responded 01:06:08.639 --> 01:06:11.360 back to Cyril and said, yep, makes sense that 01:06:11.360 --> 01:06:15.480 when you dished a rule, the 70 -110 rule, in 01:06:15.480 --> 01:06:18.480 favor of the grant lock rule. Yes, that makes 01:06:18.480 --> 01:06:20.780 sense. Thank you for explaining, Cyril. My numbers 01:06:20.780 --> 01:06:22.619 are based off of the method that I could use 01:06:22.619 --> 01:06:30.340 by converting it the day it was, the day that 01:06:30.340 --> 01:06:34.559 SIP was vote ended. I converted to USDC. So, 01:06:34.579 --> 01:06:36.679 you know, converted USDC amount for every SIP 01:06:36.679 --> 01:06:39.579 at the time it was approved. I understand that 01:06:39.579 --> 01:06:43.320 this is an accurate method. And then Cyril responded 01:06:43.320 --> 01:06:46.179 back to me, said, yeah, to be fair, he had a 01:06:46.179 --> 01:06:48.559 more direct export from the DAOs. profit and 01:06:48.559 --> 01:06:54.579 lost and balance sheet so yeah makes sense and 01:06:54.579 --> 01:06:56.579 something i noticed while live streaming sandal 01:06:56.579 --> 01:07:00.860 67 about a month ago that sip 36 land estate 01:07:00.860 --> 01:07:03.880 cells is an extremely value -added tool to the 01:07:03.880 --> 01:07:07.360 sandbox itself and what was discussed and what 01:07:07.360 --> 01:07:11.000 was the discussion behind including it in the 01:07:11.000 --> 01:07:13.179 cancelled sips i never really did get an answer 01:07:13.179 --> 01:07:16.949 to that uh gbm's auction site is on the sandbox 01:07:16.949 --> 01:07:19.869 .games website and it's useful to everyone within 01:07:19.869 --> 01:07:24.590 the state so as a bummer i really i really like 01:07:24.590 --> 01:07:28.389 that that tool uh for for those of you who are 01:07:28.389 --> 01:07:30.909 wondering what it is i'm talking about it is 01:07:30.909 --> 01:07:36.869 g sandbox .gbm .auction and here you can here 01:07:36.869 --> 01:07:42.960 you can see sandbox or sand lands amongst lands 01:07:42.960 --> 01:07:46.099 that are being auctioned right now. There are 01:07:46.099 --> 01:07:48.219 quite a number of auctions that have already 01:07:48.219 --> 01:07:53.119 completed. All right, so they would have allowed 01:07:53.119 --> 01:07:56.280 estates to be securely and safely bought and 01:07:56.280 --> 01:08:00.659 sold on this website, but looks like it wasn't 01:08:00.659 --> 01:08:05.800 meant to be. All right, then I published Sandow67, 01:08:06.280 --> 01:08:08.920 a reaction to the Dow Paws announcement about 01:08:08.920 --> 01:08:13.300 28 days ago. Sebga then said, you know, after 01:08:13.300 --> 01:08:15.059 all this discussion, it seems clear that going 01:08:15.059 --> 01:08:17.699 against the SIP is not the best option. If the 01:08:17.699 --> 01:08:19.819 DAO is the body of the sandbox, then the body 01:08:19.819 --> 01:08:21.739 has to follow the head. They have no interest 01:08:21.739 --> 01:08:23.920 in being a dead weight or a costly burden within 01:08:23.920 --> 01:08:28.239 the system. I will therefore vote yes. But then 01:08:28.239 --> 01:08:30.539 he edited his response to say, it seems that 01:08:30.539 --> 01:08:33.079 it's over for an indefinite period. It has been 01:08:33.079 --> 01:08:34.699 a very interesting experience, and I'm grateful 01:08:34.699 --> 01:08:36.649 to have shared it with all of you. Periods of 01:08:36.649 --> 01:08:39.210 calm and of tension are both part of the life 01:08:39.210 --> 01:08:41.609 of any living system. Thank you all for these 01:08:41.609 --> 01:08:44.210 moments of exchange, dreams, and sharing. I really 01:08:44.210 --> 01:08:45.890 love the feeling of building something together 01:08:45.890 --> 01:08:48.210 with everyone. Nothing is set in stone. We'll 01:08:48.210 --> 01:08:49.949 see what tomorrow brings. In any case, a big 01:08:49.949 --> 01:08:53.810 thank you to you all. Totally agree, Sebka. Except 01:08:53.810 --> 01:08:56.250 the part about it seems clear that going against 01:08:56.250 --> 01:08:59.250 the SIP is not the best option. I do think it 01:08:59.250 --> 01:09:01.750 was the best option to go against the SIP and 01:09:01.750 --> 01:09:05.619 vote to continue the down. And then I posted 01:09:05.619 --> 01:09:09.979 Sandow68 after interviewing Seb Bourget, the 01:09:09.979 --> 01:09:12.500 co -founder and global brand ambassador of the 01:09:12.500 --> 01:09:15.380 Sandbox. He used to be the special counsel. So 01:09:15.380 --> 01:09:18.140 my opinion was I still think it was clear to 01:09:18.140 --> 01:09:20.659 continue the DAO with governance bodies while 01:09:20.659 --> 01:09:25.739 being budget conscious. And there it was. Lily 01:09:25.739 --> 01:09:29.260 Rose then talked about how the tail, which she 01:09:29.260 --> 01:09:31.239 referred to as the DAO, should have moved quicker 01:09:31.239 --> 01:09:34.899 to swallow the head, which was TSB. and went 01:09:34.899 --> 01:09:39.460 into her opinion about mismanagement and how 01:09:39.460 --> 01:09:44.560 the skills were about more of PR than it was 01:09:44.560 --> 01:09:50.380 for managing the company and stuff like that, 01:09:50.500 --> 01:09:56.140 which is an honest take from Lily. And she's 01:09:56.140 --> 01:09:58.720 a well -known community member, so I respect 01:09:58.720 --> 01:10:05.380 her position. Talked about how Roblox and Fortnite 01:10:05.380 --> 01:10:07.520 are multi -billion dollar companies making millions 01:10:07.520 --> 01:10:09.680 for their creators and there was no reason the 01:10:09.680 --> 01:10:14.739 sandbox couldn't have slid into that space. Believed 01:10:14.739 --> 01:10:16.140 that if the DAO was paused that it wouldn't come 01:10:16.140 --> 01:10:21.500 back and voted to not pause the DAO. Wanted to 01:10:21.500 --> 01:10:28.239 at least run it on fumes and advocated for selling 01:10:28.239 --> 01:10:30.739 some of the NFTs. from the collection, which 01:10:30.739 --> 01:10:32.800 Arth Morton and his team was doing successfully. 01:10:33.800 --> 01:10:38.279 I covered that in previous episodes. All right, 01:10:38.300 --> 01:10:41.800 so Sandbox employed a lot of talented creatives, 01:10:41.840 --> 01:10:46.140 and I totally agree. Okay, then Cyril posted 01:10:46.140 --> 01:10:48.520 that the SIP was open for voting. Hissmad said 01:10:48.520 --> 01:10:53.520 he voted yes, approved SIP 39, and paused the 01:10:53.520 --> 01:10:56.560 DAO. I then published Sandow 69, which was a 01:10:56.560 --> 01:10:59.789 review of the DAO, a read -through of it. Lily 01:10:59.789 --> 01:11:03.170 Rose thanked Lanzer and said voted no. Put it 01:11:03.170 --> 01:11:08.270 in maintenance mode. Don't pause it. I then responded 01:11:08.270 --> 01:11:09.949 about how I remember when the community felt 01:11:09.949 --> 01:11:11.890 it didn't have much influence in how the sandbox 01:11:11.890 --> 01:11:14.069 ecosystem developed. I didn't want to return 01:11:14.069 --> 01:11:16.989 back to that. This was before the DAO came out 01:11:16.989 --> 01:11:20.590 in May 2024. And the DAO to me was the single 01:11:20.590 --> 01:11:22.550 biggest change that turned that around in the 01:11:22.550 --> 01:11:25.189 community. Not feeling heard and not being able 01:11:25.189 --> 01:11:28.369 to participate in the governance of the ecosystem. 01:11:29.260 --> 01:11:31.180 And the DAO was a great thing. It still is a 01:11:31.180 --> 01:11:34.199 great thing. I wish we'd continued it. Hishmat 01:11:34.199 --> 01:11:35.979 said, good morning, Lanzer. I totally get where 01:11:35.979 --> 01:11:37.880 you're coming from. The DAO was a huge step forward 01:11:37.880 --> 01:11:40.039 in giving the community real influence. That 01:11:40.039 --> 01:11:42.399 said, I voted yes on SIP 39 because it was proposed 01:11:42.399 --> 01:11:45.819 by the Sandbox company who seeded the DAO initially 01:11:45.819 --> 01:11:50.060 in SIPs 1 through 3 and feels like a deliberate 01:11:50.060 --> 01:11:52.800 pause to conserve resources while they push Sandbox 01:11:52.800 --> 01:11:56.960 3 .0 forward. Malameya said, good morning. Haven't 01:11:56.960 --> 01:11:59.060 posted much. but I've been reading and supporting 01:11:59.060 --> 01:12:01.039 different initiatives here in the Sandbox DAO 01:12:01.039 --> 01:12:03.760 since it went live. Voted on all SIFs and through 01:12:03.760 --> 01:12:05.819 the rollercoaster ride that befell the Sandbox 01:12:05.819 --> 01:12:09.079 game in the past six years or so. I remember 01:12:09.079 --> 01:12:13.239 being excited for the DAO as it gave the community, 01:12:13.479 --> 01:12:16.039 SandFam, a much -needed sense of ownership to 01:12:16.039 --> 01:12:19.939 Sway in terms of how the Sandbox is shaped. We've 01:12:19.939 --> 01:12:21.800 all seen the rise and fall of Creative Studios. 01:12:22.119 --> 01:12:24.340 I said hello and goodbye to many people in the 01:12:24.340 --> 01:12:29.659 Sandbox team at every level. Malamayo is in agreement 01:12:29.659 --> 01:12:32.319 with the folks here that some SIFs needed pausing, 01:12:32.420 --> 01:12:34.460 but needs to be an overhaul on the management, 01:12:34.659 --> 01:12:38.500 funds, council, and protocols. I'm voting, and 01:12:38.500 --> 01:12:41.439 Malamayo is voting no for now with what little 01:12:41.439 --> 01:12:44.560 voting power Malamayo had, hoping that some of 01:12:44.560 --> 01:12:46.500 the terms could be changed in favor of continuing 01:12:46.500 --> 01:12:49.979 with the skeletal ops and reform in conjunction 01:12:49.979 --> 01:12:53.930 with the sandbox version 3 roadmap. But dropping 01:12:53.930 --> 01:12:56.189 this thought here as an unsolicited comment and 01:12:56.189 --> 01:12:58.449 warning that this could be, at worst, a death 01:12:58.449 --> 01:13:00.810 sentence to the DAO, as it was for many other 01:13:00.810 --> 01:13:03.130 DAOs in the past, or at the very least, a clear 01:13:03.130 --> 01:13:05.270 exit sign for those who are still around believing 01:13:05.270 --> 01:13:11.710 in the metaverse. Cheers. Cheers, Malamaya. Sebga 01:13:11.710 --> 01:13:14.930 then said, No shutdown desired. I agree with 01:13:14.930 --> 01:13:17.649 suspending new SIPs for a time needed to reorganize. 01:13:17.890 --> 01:13:19.590 Shutting down the DAO would be a step backwards. 01:13:19.689 --> 01:13:22.760 The real question is, what will come next? And 01:13:22.760 --> 01:13:28.020 that's why SEPGA voted 60 % yes and 60, or excuse 01:13:28.020 --> 01:13:32.239 me, 40 % yes to pause the DAO and 60 % no in 01:13:32.239 --> 01:13:36.140 pausing the DAO. I then post that tweet from 01:13:36.140 --> 01:13:40.039 Snapshot Labs that showcased the DAO's vote in 01:13:40.039 --> 01:13:42.140 SEP39. I thought that was really, really cool. 01:13:42.439 --> 01:13:45.359 I responded back to it on X, talking about how 01:13:45.359 --> 01:13:50.079 it felt. You know, Yuga took this approach with 01:13:50.079 --> 01:13:54.060 8 .DAO and it didn't. It didn't go well. It suffered 01:13:54.060 --> 01:13:57.640 an attentioning economy deficit ever since, and 01:13:57.640 --> 01:14:03.300 I pulled that research from AI. And the Sandbox 01:14:03.300 --> 01:14:06.039 .community, which is the SanFam, can proactively 01:14:06.039 --> 01:14:10.180 evolve with Sandbox 3 .0. Couldn't find the logic 01:14:10.180 --> 01:14:15.460 in stopping the governance bodies. Also, that 01:14:15.460 --> 01:14:18.159 was about time we realized, I realized that the 01:14:18.159 --> 01:14:20.579 12 approved delegates with their 2 million voting 01:14:20.579 --> 01:14:23.539 power each, 24 million voting power total, was 01:14:23.539 --> 01:14:28.060 rescinded and added to the sandbox's 53 million 01:14:28.060 --> 01:14:32.100 voting power. Which is a huge bummer to see. 01:14:32.239 --> 01:14:35.840 I really wish that they hadn't done that. That 01:14:35.840 --> 01:14:40.539 just kind of made it all worse. Xura said, my 01:14:40.539 --> 01:14:42.979 vote is a clear no. It's disheartening to see 01:14:42.979 --> 01:14:44.939 this sip handled in a way that clearly indicates 01:14:44.939 --> 01:14:47.180 the outcome had already been determined. And 01:14:47.180 --> 01:14:50.539 that's exactly how it seemed. Lily Rose says 01:14:50.539 --> 01:14:54.380 that, well, this sucks because the Sandbox voted 01:14:54.380 --> 01:14:57.039 yes with their massive $8 million wallet, which 01:14:57.039 --> 01:15:00.720 they have, as I showed y 'all earlier, was $27 01:15:00.720 --> 01:15:03.779 million. And the Dow didn't act quickly enough 01:15:03.779 --> 01:15:06.460 to cut its umbilical cord from the Sandbox game 01:15:06.460 --> 01:15:09.760 company. I agree. The progressive decentralization 01:15:09.760 --> 01:15:16.479 that Seb and Cyril briefed and talked about at 01:15:16.479 --> 01:15:20.659 NFT Paris back in May of 2024 wasn't progressively 01:15:20.659 --> 01:15:25.359 decentralized fast enough. And I responded back 01:15:25.359 --> 01:15:27.680 to Lily saying, agreed. I thought we had more 01:15:27.680 --> 01:15:29.500 runway than this. It's difficult to keep the 01:15:29.500 --> 01:15:31.819 faith in a situation like this. Limited communication. 01:15:32.539 --> 01:15:34.460 Feelings that the controlling party is acting 01:15:34.460 --> 01:15:37.880 disingenuously. Seeing a retracement back to 01:15:37.880 --> 01:15:39.859 legacy patterns of one -way street behavior. 01:15:40.720 --> 01:15:43.560 And I'm sad to see it go this way. That thing 01:15:43.560 --> 01:15:44.880 that hurts the most is knowing it didn't have 01:15:44.880 --> 01:15:48.880 to go this way. It's a real bummer. Victorin 01:15:48.880 --> 01:15:52.520 said, hello, admin team. Victorin requested clarity 01:15:52.520 --> 01:15:55.579 on the current standing of Sandbox Nigeria, which 01:15:55.579 --> 01:15:59.479 is still under admin review. Wanted some more 01:15:59.479 --> 01:16:05.069 clarity. And we've done so much work to be abandoned 01:16:05.069 --> 01:16:07.890 on that SIP. Our proof of work is massive and 01:16:07.890 --> 01:16:09.510 needs to be compensated or put into consideration. 01:16:10.750 --> 01:16:13.689 Yeah, Sam, they did a lot of good work for the 01:16:13.689 --> 01:16:18.829 sandbox over in Africa. Victor and the folks. 01:16:19.850 --> 01:16:21.869 All right, then Dancing Sweater is, I don't agree 01:16:21.869 --> 01:16:24.069 with the pause. Cyril, they responded back to 01:16:24.069 --> 01:16:26.550 Victor and said, as per the framework requested 01:16:26.550 --> 01:16:29.710 via SIP 39, all new submissions are paused. Your 01:16:29.710 --> 01:16:32.289 initiative has not reached the SIP status as 01:16:32.289 --> 01:16:34.770 yet. Curation was still ongoing. Therefore, if 01:16:34.770 --> 01:16:37.369 SIP 39 comes to pass, your idea and its curation 01:16:37.369 --> 01:16:39.829 will be paused. No compensation. In the meantime, 01:16:40.069 --> 01:16:42.390 we pause our curation pending the outcome of 01:16:42.390 --> 01:16:44.930 this SIP. As a gentle reminder, the admin team 01:16:44.930 --> 01:16:47.569 is not the author for SIP 39. We are only responsible 01:16:47.569 --> 01:16:51.470 for its execution if one SIP passes. So that 01:16:51.470 --> 01:16:57.069 was a reminder of how when they went to the... 01:16:57.430 --> 01:17:00.630 the closed invite system back in October 2024, 01:17:01.149 --> 01:17:08.130 back here in step number two, after you've submitted 01:17:08.130 --> 01:17:12.850 to the SIP idea, you submit your SIP to the Typeform 01:17:12.850 --> 01:17:16.170 link after you've been invited by the DAO admin 01:17:16.170 --> 01:17:18.270 team. Otherwise, you have to wait here in step 01:17:18.270 --> 01:17:20.770 one. You can't proceed to step two unless you've 01:17:20.770 --> 01:17:23.310 been invited. That's what they mean by SIP curation. 01:17:24.680 --> 01:17:26.939 Also could mean step three, where you receive 01:17:26.939 --> 01:17:29.560 DAO admin team review after you've submitted 01:17:29.560 --> 01:17:34.300 your SIP in the Typeform link. So curation could 01:17:34.300 --> 01:17:47.600 be one or the other. All right, so back to it. 01:17:52.439 --> 01:17:55.560 I responded back. Just Cyril saying thanks for 01:17:55.560 --> 01:17:58.800 the reminder. And Cyril, thank you very much 01:17:58.800 --> 01:18:01.119 for everything you've done. I know I've expressed 01:18:01.119 --> 01:18:04.539 my skepticism in the past. I've been sometimes 01:18:04.539 --> 01:18:08.039 the harshest critic of the lack of transparency 01:18:08.039 --> 01:18:12.020 early. And then when Digging the Sand podcast 01:18:12.020 --> 01:18:17.819 came on and Cyril came on with Kunta and explained 01:18:17.819 --> 01:18:21.500 his rationale for the release, thinking that 01:18:21.500 --> 01:18:24.449 it was going to be a powerful momentum. to launch 01:18:24.449 --> 01:18:27.949 everything at once, it made sense. And I think 01:18:27.949 --> 01:18:30.890 what really, really did it for me was when Cyril 01:18:30.890 --> 01:18:33.409 said that he's not a trained PR person. He's 01:18:33.409 --> 01:18:37.930 not, he's a builder and he's, so didn't really 01:18:37.930 --> 01:18:40.409 know how to deal with comments like mine, demanding 01:18:40.409 --> 01:18:43.869 transparency and kind of noting a lot of inconsistencies. 01:18:43.869 --> 01:18:46.390 That makes perfect sense. And I really appreciated 01:18:46.390 --> 01:18:50.489 Cyril being vulnerable like that and just coming 01:18:50.489 --> 01:18:52.869 out with the truth. It was really, really cool 01:18:52.869 --> 01:18:57.069 to see. Thank you, Cyril, for that. That really 01:18:57.069 --> 01:19:01.909 changed my opinion about a lot of stuff. Money, 01:19:02.010 --> 01:19:06.130 who was a domain allocator and also an unknown 01:19:06.130 --> 01:19:08.449 voice in the community, said, sad to see this 01:19:08.449 --> 01:19:11.369 direction. I vote against. Once paused, I do 01:19:11.369 --> 01:19:13.310 not foresee a restart. Hoping for the best, though. 01:19:19.659 --> 01:19:22.640 I then said the conversation we had all about 01:19:22.640 --> 01:19:25.520 the community council seems prophetic now. The 01:19:25.520 --> 01:19:29.520 community council was a sip back in December 01:19:29.520 --> 01:19:34.659 2024 and all the way to February 2025 about an 01:19:34.659 --> 01:19:38.420 elected community council because the special 01:19:38.420 --> 01:19:41.300 council and advisory board were maintaining a 01:19:41.300 --> 01:19:43.720 low profile and didn't really participate in 01:19:43.720 --> 01:19:51.460 governance. So there was a a SIP idea to create 01:19:51.460 --> 01:19:55.460 a community elected council to do working groups 01:19:55.460 --> 01:19:57.920 and stuff like that. And it went through a lot 01:19:57.920 --> 01:20:02.659 of discussion, 261 responses and posts back and 01:20:02.659 --> 01:20:09.520 forth. But ultimately it was not, it was not 01:20:09.520 --> 01:20:20.340 proceeded forward with. And yeah. Yeah, so this 01:20:20.340 --> 01:20:23.319 was the post by CUNTA. Having been reverted, 01:20:23.340 --> 01:20:26.140 remained for 15 months, it did not progress past 01:20:26.140 --> 01:20:29.319 that point. But it was a great discussion, and 01:20:29.319 --> 01:20:32.899 we almost had a community -elected council that 01:20:32.899 --> 01:20:36.720 could build momentum. So we tried very hard there. 01:20:37.939 --> 01:20:40.199 I thought the CC was a step in the right direction, 01:20:40.300 --> 01:20:41.899 and that if we don't do the community council, 01:20:42.319 --> 01:20:44.800 House of Sand was the next best option, which 01:20:44.800 --> 01:20:47.060 is kind of like a community, almost like a congress. 01:20:47.659 --> 01:20:51.359 a parliament. Um, but I said doing nothing until 01:20:51.359 --> 01:20:53.760 special council, all the reelections was the 01:20:53.760 --> 01:20:55.939 worst way to go in my view, which is what ended 01:20:55.939 --> 01:20:59.220 up happening. And that was the way that that 01:20:59.220 --> 01:21:02.220 was taken there. House of San didn't proceed 01:21:02.220 --> 01:21:06.340 for neither did community council. And, um, because 01:21:06.340 --> 01:21:09.260 of that, you know, now we were faced with the 01:21:09.260 --> 01:21:12.619 pausing of the Dow and no elections for the special 01:21:12.619 --> 01:21:15.319 council or advisory board. So that was prophetic. 01:21:17.330 --> 01:21:23.229 Which was a bummer. Cyril said in response to 01:21:23.229 --> 01:21:26.550 my post about thanking him for everything that 01:21:26.550 --> 01:21:29.369 he's done. Cyril expressed his gratitude for 01:21:29.369 --> 01:21:32.090 that. If this passes, which seems likely now, 01:21:32.170 --> 01:21:34.489 I'll be gone by the end of March. And I'll make 01:21:34.489 --> 01:21:36.949 sure to say goodbye. Please do, Cyril. Please 01:21:36.949 --> 01:21:39.329 do. I'll be the first one to shake your hand 01:21:39.329 --> 01:21:43.430 and thank you. Congratulate you for a successful 01:21:43.430 --> 01:21:47.109 DAO. I still think it is successful. Cyril said 01:21:47.109 --> 01:21:50.329 nine days ago the voting period for SIP 39 ended, 01:21:50.630 --> 01:21:53.189 counted the statistics that we went over earlier, 01:21:53.409 --> 01:21:56.170 and the DAO will officially be paused by the 01:21:56.170 --> 01:21:59.029 end of March as per the terms of this SIP. The 01:21:59.029 --> 01:22:03.489 Vision X, Joseph, very well -known community 01:22:03.489 --> 01:22:10.630 member, was in Sandow 1. No, Sandow 2 or 3 with 01:22:10.630 --> 01:22:16.760 Crafter. It was a three -way panel. that I held, 01:22:16.800 --> 01:22:20.619 or very early in the Sandow podcast, said, oh, 01:22:20.640 --> 01:22:24.180 hey, a vote by one dude, decentralized. Yeah, 01:22:24.220 --> 01:22:27.779 agreed. And I responded back to Cyril, that was 01:22:27.779 --> 01:22:31.279 a bummer to see. The Dow will be officially paused. 01:22:33.060 --> 01:22:38.239 And, yep, Cyril did say, reminded me that the 01:22:38.239 --> 01:22:40.039 sandbox did confirm in the latest X space that 01:22:40.039 --> 01:22:42.050 they will vote. However, what they did not confirm 01:22:42.050 --> 01:22:43.770 was that they would be taking the 24 million 01:22:43.770 --> 01:22:45.710 voting power away from the delegates and adding 01:22:45.710 --> 01:22:48.609 it to their own wallet. So that was a bummer. 01:22:49.149 --> 01:22:55.390 And the Vision X, Joseph reminded us, and I'm 01:22:55.390 --> 01:22:58.569 really glad he did this, that Sebastian said 01:22:58.569 --> 01:23:00.210 in the past that it was up to the community to 01:23:00.210 --> 01:23:02.470 decide which external initiatives should or should 01:23:02.470 --> 01:23:05.229 not get funded and recounted some of these ex 01:23:05.229 --> 01:23:09.970 -posts where Sebastian would say that as we decentralize. 01:23:11.210 --> 01:23:14.130 it's up to the community to decide and how they 01:23:14.130 --> 01:23:17.630 would impact life of creators and players it 01:23:17.630 --> 01:23:24.989 will happen here let's go to the next post all 01:23:24.989 --> 01:23:28.750 right so this was in response at the time um 01:23:28.750 --> 01:23:34.250 and voting yes or no to to sips back in june 01:23:34.250 --> 01:23:41.060 of 2024 uh this is not the one i wanted to The 01:23:41.060 --> 01:23:44.579 main thing here was that it's up to the community 01:23:44.579 --> 01:23:47.060 to decide which external initiatives should or 01:23:47.060 --> 01:23:48.979 should not get funded and how these would impact 01:23:48.979 --> 01:23:51.720 the life of creators and players. So really emphasizing 01:23:51.720 --> 01:23:54.659 that it's up to the community, right? And then 01:23:54.659 --> 01:23:58.039 VisionX said, and add to that here, where he 01:23:58.039 --> 01:24:00.640 said that no votes may result in an action in 01:24:00.640 --> 01:24:02.899 this DAO back when it was proposed initially. 01:24:03.479 --> 01:24:06.359 And so here's the X post from Sebastian saying 01:24:06.359 --> 01:24:10.560 that... Yes, needs to win for the first phase 01:24:10.560 --> 01:24:13.420 of the DAO to operate and be able to amend the 01:24:13.420 --> 01:24:15.899 first constitution via SIPS and involve public 01:24:15.899 --> 01:24:20.579 participation. And then VisionX said, and still 01:24:20.579 --> 01:24:22.840 here, where he specifically replied to a complaint 01:24:22.840 --> 01:24:25.739 by a now formal developer in the ecosystem, where 01:24:25.739 --> 01:24:28.699 he said that he would only vote to create a quorum 01:24:28.699 --> 01:24:31.500 once the community has shown its decision. He 01:24:31.500 --> 01:24:33.840 voted against the community explicitly in this 01:24:33.840 --> 01:24:35.680 case, and it's a shame to see you lose your job 01:24:35.680 --> 01:24:42.289 because of it. Yeah. I was really bummed to see 01:24:42.289 --> 01:24:45.569 the realignment as well, but I understand there 01:24:45.569 --> 01:24:50.149 was an explanation by both Yatsu, CEO of Animoca 01:24:50.149 --> 01:24:54.069 Brands, and Robbie Young later on. But Sebastian 01:24:54.069 --> 01:24:57.829 was saying here that the sandbox would not vote. 01:24:58.590 --> 01:25:01.989 And if it did, only to establish quorum. But 01:25:01.989 --> 01:25:05.449 in SIP39, it did vote, and it did so with a huge 01:25:05.449 --> 01:25:10.939 amount of voting power. Oh, he said click through 01:25:10.939 --> 01:25:12.460 the last sentence where he said what happens. 01:25:12.539 --> 01:25:21.119 Let's go to that. Take a look here. So... So 01:25:21.119 --> 01:25:23.560 vote. Vote abstain would be is a quick solution 01:25:23.560 --> 01:25:25.619 and that we could use optionally and only at 01:25:25.619 --> 01:25:27.359 the end once the community has shown its decision. 01:25:28.100 --> 01:25:30.619 One and two will need once in length. All sips 01:25:30.619 --> 01:25:33.039 are bound to fail unless then regardless of their 01:25:33.039 --> 01:25:36.659 quality. Okay. So thank you for that reminder. 01:25:37.239 --> 01:25:39.899 basically explaining that Sebastian had said 01:25:39.899 --> 01:25:43.819 Simox, while it would not vote unless it really 01:25:43.819 --> 01:25:47.960 had to and mostly to abstain to get quorum. And 01:25:47.960 --> 01:25:49.979 that was it. That was the end of the discussion. 01:25:50.220 --> 01:25:54.380 65 responses to SIP39 in the discussion thread. 01:25:55.119 --> 01:26:01.199 So let's go back to here. All right, so I just 01:26:01.199 --> 01:26:06.819 kind of pulled the key points here. For everyone 01:26:06.819 --> 01:26:11.899 who discussed, Cyril, Yul Wolf, myself, The Sandbox 01:26:11.899 --> 01:26:15.239 Account, Kami, The Vision X, Xura, Lily Rose, 01:26:15.380 --> 01:26:17.859 some well -known community members. Then some 01:26:17.859 --> 01:26:20.760 of the delegates were Hishmad, Sebga, Byverson, 01:26:20.760 --> 01:26:23.300 Shanti, and Dao, otherwise known as The Intern. 01:26:23.819 --> 01:26:26.100 And then some other well -known community voices 01:26:26.100 --> 01:26:29.199 like Daddy Mufasa, Victorin, Money, Malamaya, 01:26:29.420 --> 01:26:31.779 Dancing Sweater, and Sanctum. So thank you all 01:26:31.779 --> 01:26:37.699 for discussing. And the... and SIP39 discussion 01:26:37.699 --> 01:26:41.640 forums. And I wanted to pull out also this tweet 01:26:41.640 --> 01:26:47.680 from Arthmore, who was the DAO NFT curator and 01:26:47.680 --> 01:26:51.300 said it was an intense journey and stewarding 01:26:51.300 --> 01:26:57.859 the NFT portfolio and also showed a reminder 01:26:57.859 --> 01:27:02.640 of what success they had in the NFT collection. 01:27:02.779 --> 01:27:06.039 I went over that in Sandell, I think 67. went 01:27:06.039 --> 01:27:10.979 through um just how many how much they had earned 01:27:10.979 --> 01:27:13.619 for the dow let's actually take a look and see 01:27:13.619 --> 01:27:23.239 if we can see that real fast okay so their their 01:27:23.239 --> 01:27:25.880 revenue was 400 000 that they had made for the 01:27:25.880 --> 01:27:31.260 dow by managing the portfolio so quite successful 01:27:31.260 --> 01:27:37.989 in my opinion So that was one of the casualties 01:27:37.989 --> 01:27:43.010 is SIP26, NFT collection management for the Sandbox 01:27:43.010 --> 01:27:45.970 DAO. Another casualty was SIP36. I talked about 01:27:45.970 --> 01:27:52.649 that earlier, which was the Sandbox estate selling 01:27:52.649 --> 01:27:56.409 tool, also known as the land estate sales, which 01:27:56.409 --> 01:28:01.109 was for the GBM plugin on the Sandbox game website. 01:28:02.670 --> 01:28:05.029 And then also with SIP33, which is a sandbox 01:28:05.029 --> 01:28:07.569 metaversity campus creating your learning playground. 01:28:09.810 --> 01:28:12.930 So some takeaways in the discussion. Most community 01:28:12.930 --> 01:28:17.289 responses on the DAO forums were against pausing 01:28:17.289 --> 01:28:19.909 the DAO. Some felt that SanFam community did 01:28:19.909 --> 01:28:22.510 not move quickly enough to progressively decentralize. 01:28:22.649 --> 01:28:25.250 And reaction to the sandbox taking delegate voting 01:28:25.250 --> 01:28:27.869 power away was a disappointment. And most agree 01:28:27.869 --> 01:28:32.020 was bad optics for the ecosystem. But in the 01:28:32.020 --> 01:28:37.140 end, the voting period ended, and SIP 39 passed 01:28:37.140 --> 01:28:46.060 with 80 % yes, 11 % no, and 9 %... I'm sorry, 01:28:46.220 --> 01:28:51.060 80 % yes, 11 % abstained, and 9 % no. The quorum 01:28:51.060 --> 01:28:53.779 was met with 233%, and the Dow will officially 01:28:53.779 --> 01:29:01.899 be paused by the end of March for SIP 39. I didn't 01:29:01.899 --> 01:29:05.060 see any community questions in the chat. I don't 01:29:05.060 --> 01:29:06.819 really have any other open topics because that 01:29:06.819 --> 01:29:14.619 basically covers it right there. Zip39. So, episodes 01:29:14.619 --> 01:29:21.720 1 through 70. 70 is now done. I have two more 01:29:21.720 --> 01:29:24.420 episodes and then I think I will be able to pause 01:29:24.420 --> 01:29:28.960 the Sandow podcast for as long as the Sandbox 01:29:28.960 --> 01:29:32.979 DAO is paused. So episode 71, I'll do a review 01:29:32.979 --> 01:29:36.439 of the Sandbox DAO. And then episode 72, I'll 01:29:36.439 --> 01:29:39.840 do a review of the Sandow podcast. Then after 01:29:39.840 --> 01:29:41.979 that, I will probably pause the Sandow podcast. 01:29:45.319 --> 01:29:47.199 All right, I normally go over the Sandbox spaces, 01:29:47.300 --> 01:29:49.880 but at this point, I'm just going to see past 01:29:49.880 --> 01:29:57.399 that and go into rating. So here we are. We are 01:29:57.399 --> 01:30:03.109 at the end. Sandow 70. An update of the DAO pause. 01:30:03.670 --> 01:30:07.289 It was a disappointment. I'm really bummed to 01:30:07.289 --> 01:30:12.210 see it happen. And I'm hoping that it does come 01:30:12.210 --> 01:30:22.550 back. That it does unpause at some point in the 01:30:22.550 --> 01:30:25.949 future. All right. Thank you all for your time 01:30:25.949 --> 01:30:30.789 and appreciate. Appreciate it very much. Thank 01:30:30.789 --> 01:30:30.970 you.