WEBVTT 00:00:08.679 --> 00:00:15.060 Howdy, everybody. Welcome. Welcome. I didn't 00:00:15.060 --> 00:00:17.100 think we'd be doing a podcast episode this soon, 00:00:17.260 --> 00:00:23.079 but today I'm reacting to the DAO pause that 00:00:23.079 --> 00:00:25.300 was just recently announced, and we have a bit 00:00:25.300 --> 00:00:30.260 more information now on what that means. So, 00:00:30.260 --> 00:00:34.000 today's going to be a reaction and a commentary 00:00:34.000 --> 00:00:36.740 about that. I didn't think I'd be doing this 00:00:36.740 --> 00:00:39.539 episode. I'm surprised to see all this happening. 00:00:40.500 --> 00:00:44.159 Nonetheless, here we are. It's time to talk about 00:00:44.159 --> 00:00:48.679 it. Disclaimer is that I do not represent the 00:00:48.679 --> 00:00:52.619 Sandbox Game or the Dow Foundation. I am not 00:00:52.619 --> 00:00:54.700 your financial or legal advisor. Nothing I say 00:00:54.700 --> 00:00:56.700 is to be taken as financial or legal advice. 00:00:57.460 --> 00:01:00.359 When I say the word SIP, I mean Sandbox Improvement 00:01:00.359 --> 00:01:02.560 Proposal. When I say Dow, I mean Decentralized 00:01:02.560 --> 00:01:05.159 Autonomous Organization. And when I use the word 00:01:05.159 --> 00:01:07.140 SandFam, I'm talking about the Sandbox community, 00:01:07.480 --> 00:01:09.439 those who participate in the people, product, 00:01:09.640 --> 00:01:13.319 and purpose of the Sandbox ecosystem. That ecosystem 00:01:13.319 --> 00:01:15.519 looks a little bit like this. We're in the people 00:01:15.519 --> 00:01:17.079 side. You have everything from the gamers to 00:01:17.079 --> 00:01:20.040 the team. Product is everything from the game 00:01:20.040 --> 00:01:23.840 client to inclusive of the DAO tech stack. Purpose 00:01:23.840 --> 00:01:27.700 goes over the white paper and then all the things 00:01:27.700 --> 00:01:32.379 expounded upon by the founders, CEOs, and leadership. 00:01:33.120 --> 00:01:37.340 I need probably now to add the new CEO to it, 00:01:37.439 --> 00:01:40.980 which is no longer Arthur Motherdid, but it's 00:01:40.980 --> 00:01:44.319 also now Robbie Young. So I'll probably end up 00:01:44.319 --> 00:01:48.260 changing that. Although with this new today's 00:01:48.260 --> 00:01:51.540 episode, this all might be coming to an end rather 00:01:51.540 --> 00:01:55.719 soon. So might not even need to update it. Today's 00:01:55.719 --> 00:02:01.140 episode is about the DAO. Reminder, if you want 00:02:01.140 --> 00:02:04.150 to learn more about the DAO, there is a dow education 00:02:04.150 --> 00:02:07.909 hub within the sandbox it's located at coordinate 00:02:07.909 --> 00:02:14.030 2 comma 154 negative 154 excuse me it's in the 00:02:14.030 --> 00:02:17.610 bottom left of the map right next to jurassic 00:02:17.610 --> 00:02:20.770 park so if you just navigate down to the bottom 00:02:20.770 --> 00:02:23.009 left you'll see jurassic park there the sandbox 00:02:23.009 --> 00:02:27.169 style is to the the top right of it and that's 00:02:27.169 --> 00:02:29.539 where you'll find the dow education hub It's 00:02:29.539 --> 00:02:31.560 where you can go to learn about the DAO, its 00:02:31.560 --> 00:02:36.719 process. And it was a big hit when we put it 00:02:36.719 --> 00:02:39.439 together. We had over 60 people playtesting and 00:02:39.439 --> 00:02:43.319 watching and being involved in that. That was 00:02:43.319 --> 00:02:45.800 a lot of fun to make and provide to the DAO. 00:02:46.340 --> 00:02:48.039 So check it out if you want to learn more about 00:02:48.039 --> 00:02:51.099 the DAO in a more gamified way. My name is Lancer. 00:02:51.139 --> 00:02:55.780 I'm your host. And I've been a landowner, avatar 00:02:55.780 --> 00:03:04.229 owner. since 2021 and been in Alpha Season 6 00:03:04.229 --> 00:03:09.169 or 5, I think it was, our floor droppers. And 00:03:09.169 --> 00:03:13.610 then more recently, we delivered on a SIP to 00:03:13.610 --> 00:03:17.389 provide a DAO education, gamified DAO education 00:03:17.389 --> 00:03:21.590 experience. So for this particular episode, I'm 00:03:21.590 --> 00:03:24.669 going to make a disclosure. And that disclosure 00:03:24.669 --> 00:03:28.389 is that I am a Mocha. So I own Mocha. I'm Mocha 00:03:28.389 --> 00:03:31.400 fam. Also, I've been participating in their more 00:03:31.400 --> 00:03:34.580 recent Mocha portfolio. They call it Mocha Proof. 00:03:34.759 --> 00:03:37.520 And so I have a Mocha cat. A lot of Mochas in 00:03:37.520 --> 00:03:40.240 that sentence. But anyways, I've been participating 00:03:40.240 --> 00:03:43.819 in that and trying to believe it's part of their 00:03:43.819 --> 00:03:45.840 AIR initiative where they're trying to build, 00:03:45.919 --> 00:03:49.259 they are building a blockchain layered around 00:03:49.259 --> 00:03:53.060 reputation. But in any case, an important disclosure 00:03:53.060 --> 00:03:56.360 for this episode is that I am a Mocha. In addition 00:03:56.360 --> 00:03:59.439 to being a world of women, Bulls on the block, 00:03:59.620 --> 00:04:03.800 I'm an ape. But for this episode, Mocha, that 00:04:03.800 --> 00:04:06.900 way you can all know that I'm part of the ecosystem 00:04:06.900 --> 00:04:12.840 there, as well as being in the sandbox. So let's 00:04:12.840 --> 00:04:14.900 get into it. We actually need to take a step 00:04:14.900 --> 00:04:19.199 back to December. A couple months ago now, as 00:04:19.199 --> 00:04:23.459 it's February 3rd, and there was an AMA by the 00:04:23.459 --> 00:04:27.360 new CEO, Robbie Young. Now, all this came about 00:04:27.360 --> 00:04:31.000 because back in August, this is something I was 00:04:31.000 --> 00:04:37.259 going to show with my interview with Yatsu. As 00:04:37.259 --> 00:04:42.540 I mentioned on X, that that's been rescheduled. 00:04:42.600 --> 00:04:44.279 We've been trying to reschedule it, just haven't 00:04:44.279 --> 00:04:46.199 been able to make the schedule align. I really 00:04:46.199 --> 00:04:49.660 hope we get to interview Yatsu. However, back 00:04:49.660 --> 00:04:53.959 in August, that's the wrong slide. Excuse me. 00:04:55.599 --> 00:04:57.800 Here we go. This is what I was going to show 00:04:57.800 --> 00:05:01.339 during my talk with Yat. If the conversation 00:05:01.339 --> 00:05:03.819 went that way, if not, then this is as good a 00:05:03.819 --> 00:05:07.720 time as any, really. Back in August, there was 00:05:07.720 --> 00:05:12.740 a report that came out by the big whale and then 00:05:12.740 --> 00:05:17.360 confirmed by different people after that that 00:05:17.360 --> 00:05:21.819 the leadership at Sandbox was removed. Then that 00:05:21.819 --> 00:05:26.040 was... Sebastian Bourget and Arthur, and that 00:05:26.040 --> 00:05:28.720 there's a takeover happening, all that sort of 00:05:28.720 --> 00:05:32.740 stuff. Anyways, the wording is way off, in my 00:05:32.740 --> 00:05:36.860 opinion, as Animoca always had an investment 00:05:36.860 --> 00:05:40.819 in the Sandbox and owned it as of 2018. So there 00:05:40.819 --> 00:05:44.459 was no takeover because they had already owned 00:05:44.459 --> 00:05:46.560 it. It is a wholly owned subsidiary of Animoca 00:05:46.560 --> 00:05:49.910 Brands. through Bacasable. We went over that 00:05:49.910 --> 00:05:52.149 in another episode, episode 34, in The Birth 00:05:52.149 --> 00:05:57.009 of the Tao. Anyways, but there was a leadership 00:05:57.009 --> 00:06:02.149 change. So Robbie Young came in as the CEO, who 00:06:02.149 --> 00:06:08.529 was investment in Animoca, or CEO of investments 00:06:08.529 --> 00:06:13.149 in Animoca. I'll go over that later on. Anyways. 00:06:14.479 --> 00:06:18.279 This happens. There's a big shuffle. And it started 00:06:18.279 --> 00:06:22.360 in August of last year. And now I just started, 00:06:22.399 --> 00:06:24.720 I kept track of like what statements were made 00:06:24.720 --> 00:06:27.079 and all that sort of stuff here. Who was saying 00:06:27.079 --> 00:06:29.980 what, you know, Arthur confirming that, yes, 00:06:29.980 --> 00:06:32.420 there were some layoffs. They were consolidating. 00:06:33.639 --> 00:06:39.819 And then there was an article there about how 00:06:39.819 --> 00:06:44.540 Animoca was increasing its involvement. And the 00:06:44.540 --> 00:06:47.540 funny thing is, is that like the day before all 00:06:47.540 --> 00:06:50.300 this happened, all this broke, Yat was on the 00:06:50.300 --> 00:06:54.180 stage with Seb. So it clearly wasn't as negative 00:06:54.180 --> 00:06:57.300 as it was portrayed back by the big whale. However, 00:06:57.620 --> 00:07:00.839 there were layoffs. There was a restructuring 00:07:00.839 --> 00:07:06.540 of sorts. Arthur and Seb took on different roles, 00:07:06.779 --> 00:07:09.560 although they are still like Seb is still very 00:07:09.560 --> 00:07:13.149 much a part of the sandbox, as is Arthur. And 00:07:13.149 --> 00:07:17.910 there's just a new CEO who wanted to restructure 00:07:17.910 --> 00:07:20.170 and bring Sandbox into what they're now calling 00:07:20.170 --> 00:07:24.209 version 3. So all of these folks here in this 00:07:24.209 --> 00:07:27.410 order are the things that I noted relevant to 00:07:27.410 --> 00:07:31.029 the realignment, as I called it. It was a realigning 00:07:31.029 --> 00:07:36.170 of the Sandbox. And so that's what we're going 00:07:36.170 --> 00:07:38.910 to go over today, some things that are relevant 00:07:38.910 --> 00:07:44.779 to that. So it started back in December when 00:07:44.779 --> 00:07:48.879 Robbie Young, the new CEO for Sandbox, came on 00:07:48.879 --> 00:07:57.000 and did an AMA with the Masari report. And speakers 00:07:57.000 --> 00:08:04.220 were Panapops, Robbie, Masari, and Rick. And 00:08:04.220 --> 00:08:17.660 then also the Sandbox handle. That's not what 00:08:17.660 --> 00:08:24.040 I was looking for. Not that either. It's not 00:08:24.040 --> 00:08:25.420 really working out very well like I want it to. 00:08:27.160 --> 00:08:28.939 There we go. So down there in the bottom right, 00:08:29.100 --> 00:08:34.860 you can see here's the actual recording itself. 00:08:35.720 --> 00:08:43.159 And then, yeah, so it was December 15th is when 00:08:43.159 --> 00:08:45.460 they had it. And instead of going through all 00:08:45.460 --> 00:08:47.480 of it, it was about 30 minutes. So it was a pretty 00:08:47.480 --> 00:08:50.860 quick one. Instead of, you know, playbacking 00:08:50.860 --> 00:08:53.080 and recording through it, what I'm going to do 00:08:53.080 --> 00:08:57.220 instead is I... What I'm going to do instead 00:08:57.220 --> 00:09:03.500 is just... I have some bite -sized things I took 00:09:03.500 --> 00:09:05.500 out of there, and we'll just go through that. 00:09:05.600 --> 00:09:09.259 If you'd like to watch it yourself, you can go 00:09:09.259 --> 00:09:12.759 to the Sandbox game handle, and it'll be there 00:09:12.759 --> 00:09:16.450 from December, and... Yep, it's there for you 00:09:16.450 --> 00:09:20.529 to listen to. But here is what I took away from 00:09:20.529 --> 00:09:23.929 it. It introduced Robbie Young as the new CEO 00:09:23.929 --> 00:09:28.210 of Sandbox Company. He wasn't a new figure to 00:09:28.210 --> 00:09:31.250 the Sandbox. However, he was new in that role. 00:09:31.389 --> 00:09:34.070 And this was his first introduction in the role 00:09:34.070 --> 00:09:39.570 to the Sandbox community. So he had been... He 00:09:39.570 --> 00:09:44.159 was... New CEO and... What was interesting is 00:09:44.159 --> 00:09:46.460 when you looked at his LinkedIn, which anyone 00:09:46.460 --> 00:09:50.419 can really look at, you'll see that here it is, 00:09:50.419 --> 00:09:54.419 Robbie Young. He is based out of the UK. But 00:09:54.419 --> 00:09:57.980 when you look down at his experience, he's been 00:09:57.980 --> 00:10:01.960 CEO of Animoca Brands, excuse me, CEO of Investments 00:10:01.960 --> 00:10:05.759 for Animoca Brands for the past 11 years. So 00:10:05.759 --> 00:10:08.779 like I said, he's not new to the ecosystem at 00:10:08.779 --> 00:10:12.419 all. And even down there in the sandbox, he's... 00:10:12.679 --> 00:10:15.399 Chief Executive Officer since August 2025. Not 00:10:15.399 --> 00:10:17.000 surprised to see that date because that's when 00:10:17.000 --> 00:10:19.480 everything kicked off. However, he's been in 00:10:19.480 --> 00:10:24.259 a director role since October of 2019. So most 00:10:24.259 --> 00:10:26.419 certainly not new to the sandbox operations, 00:10:26.679 --> 00:10:30.240 but new to the community, I would say, newly 00:10:30.240 --> 00:10:32.960 introduced to the community in the Chief Executive 00:10:32.960 --> 00:10:41.960 Officer capacity. So, yeah. So the first thought 00:10:41.960 --> 00:10:48.240 was, Robbie Young is not new to the Sandbox ecosystem. 00:10:48.679 --> 00:10:55.700 You know, director role since 2019. All right. 00:10:56.159 --> 00:10:59.159 And part of Animoca Brands for 11 years, as is 00:10:59.159 --> 00:11:03.100 mentioned up here. So here's LinkedIn. You have 00:11:03.100 --> 00:11:08.220 to be logged in in order to see everything. But 00:11:08.220 --> 00:11:12.820 yeah, it'll be right there. So about 10 minutes 00:11:12.820 --> 00:11:18.059 in was my first takeaway, was that when Robbie 00:11:18.059 --> 00:11:22.740 mentioned that the ambition was to merge the 00:11:22.740 --> 00:11:27.559 Sandbox idea with the blockchain and to enable 00:11:27.559 --> 00:11:30.620 creators to create, own, and monetize. So this 00:11:30.620 --> 00:11:33.539 was, they're talking about the ambition when 00:11:33.539 --> 00:11:36.820 they originally acquired the Sandbox. And again, 00:11:36.860 --> 00:11:40.480 I'm referring to the December 2025 AMA with Robbie 00:11:40.480 --> 00:11:44.769 Young. And that one is here. Oh, I remember now 00:11:44.769 --> 00:11:47.629 why I brought that open. So if you go to this 00:11:47.629 --> 00:11:52.950 tweet here, you'll see in the comments when I 00:11:52.950 --> 00:11:58.490 XPGPT'd it. It's basically a transcript summary 00:11:58.490 --> 00:12:01.049 that you can do. I use it all the time. It's 00:12:01.049 --> 00:12:04.429 a great tool. But anyways, it tells you who's 00:12:04.429 --> 00:12:09.409 speaking and gives you some highlights here that 00:12:09.409 --> 00:12:16.080 you can go over. But you can reference this pretty 00:12:16.080 --> 00:12:19.820 easily if you'd like. However, I pulled it over 00:12:19.820 --> 00:12:25.659 here on this slide, some highlights. So about 00:12:25.659 --> 00:12:32.200 10 minutes in, the ambition was to merge a sandbox 00:12:32.200 --> 00:12:35.259 with blockchain. And that would enable creators 00:12:35.259 --> 00:12:38.519 to create, own, and monetize. So what I'm going 00:12:38.519 --> 00:12:40.539 to do is I'm going to play that for you all. 00:12:42.549 --> 00:12:45.429 We're just going to play some sections. And here 00:12:45.429 --> 00:12:48.289 is the XBase GPT of that. So what I'm going to 00:12:48.289 --> 00:12:52.429 do is I'm going to find that here in the transcript. 00:13:00.570 --> 00:13:10.230 And then I'm going to play it. There it is. Okay. 00:13:12.909 --> 00:13:16.710 And so I think one of the things about Sandbox 00:13:16.710 --> 00:13:21.350 was from the time that we brought them into the 00:13:21.350 --> 00:13:24.370 Animoca Brands family, our ambition with Sandbox 00:13:24.370 --> 00:13:29.769 was to see how we could merge what they had created 00:13:29.769 --> 00:13:33.570 in terms of a platform focusing on user -generated 00:13:33.570 --> 00:13:36.950 content, which was a Web2 game at the time, and 00:13:36.950 --> 00:13:40.720 merge that idea with... the incredible blockchain 00:13:40.720 --> 00:13:43.360 rails that we had discovered, you know, not too 00:13:43.360 --> 00:13:46.360 long before and figure out how we could really 00:13:46.360 --> 00:13:50.639 enable creators in a new sort of digital asset 00:13:50.639 --> 00:13:55.080 enabled world to be able to create and own and 00:13:55.080 --> 00:13:57.960 monetize their stuff. And so that was really 00:13:57.960 --> 00:14:01.379 where the, where the idea came from. So there 00:14:01.379 --> 00:14:02.860 you have it. That was the first takeaway had 00:14:02.860 --> 00:14:05.139 the second takeaway was about 13 minutes in. 00:14:05.720 --> 00:14:08.580 When he really started to reveal what the restructuring 00:14:08.580 --> 00:14:11.179 was all about. See if I can make the area make 00:14:11.179 --> 00:14:15.259 a little bigger. He was able to start to reveal 00:14:15.259 --> 00:14:22.259 why this realignment was happening. And here 00:14:22.259 --> 00:14:26.519 it is. But I think one of the things that we, 00:14:26.600 --> 00:14:33.519 we. we didn't focus on enough from day one was 00:14:33.519 --> 00:14:38.480 we were concentrating on using sand as the utility 00:14:38.480 --> 00:14:41.779 token for the sandbox universe, when actually, 00:14:41.940 --> 00:14:43.940 you know, one of the things we've learned now 00:14:43.940 --> 00:14:45.659 that we've been in the blockchain space, you 00:14:45.659 --> 00:14:49.379 know, going on eight years, nine years, is that 00:14:49.379 --> 00:14:52.240 actually it's possible to have a utility token 00:14:52.240 --> 00:14:55.740 that can be the foundation of Lots and lots of 00:14:55.740 --> 00:14:57.960 different things and not necessarily just one 00:14:57.960 --> 00:15:03.360 core product focus. So I think one of the things 00:15:03.360 --> 00:15:05.600 that we've been spending a lot of time on this 00:15:05.600 --> 00:15:08.700 year is building the foundation for how can we 00:15:08.700 --> 00:15:13.360 support creators both within the sandbox 3D metaverse 00:15:13.360 --> 00:15:16.120 interactive space, but also outside of it as 00:15:16.120 --> 00:15:19.320 well. So that kind of gives you your first tip 00:15:19.320 --> 00:15:22.320 off of what's really happening here. Um, it's 00:15:22.320 --> 00:15:28.840 clear at this point that the sandbox is expanding 00:15:28.840 --> 00:15:32.419 beyond the sandbox. All right. So we're talking 00:15:32.419 --> 00:15:38.039 about, uh, we're talking about later on a spoiler 00:15:38.039 --> 00:15:43.519 sand chain and corners, but also more, a more 00:15:43.519 --> 00:15:52.190 generic utility for the sand token. So you're 00:15:52.190 --> 00:15:53.610 already starting to see the writing on the wall 00:15:53.610 --> 00:15:55.769 for how we got to where we are now, which is 00:15:55.769 --> 00:16:00.309 a pausing of the DAO. But it started back here 00:16:00.309 --> 00:16:04.769 when Robbie became CEO, needed to make a change 00:16:04.769 --> 00:16:07.529 based on the results and the performance of the 00:16:07.529 --> 00:16:12.870 sandbox. And part of that now is reimagining 00:16:12.870 --> 00:16:16.870 what the sand token is used for. And that's why 00:16:16.870 --> 00:16:20.169 you're seeing things like SandChain and... and 00:16:20.169 --> 00:16:29.090 corners okay so the next thing was about 16 minutes 00:16:29.090 --> 00:16:31.490 in so about a minute later he starts talking 00:16:31.490 --> 00:16:33.850 about what it is that they're actually thinking 00:16:33.850 --> 00:16:37.269 uh of doing because it was not just sand and 00:16:37.269 --> 00:16:42.990 corners but also um some ai stuff as well so 00:16:42.990 --> 00:16:46.370 we're really thinking a lot now of how technology 00:16:46.370 --> 00:16:48.730 has changed and evolved and how we can start 00:16:49.320 --> 00:16:53.360 adopting, for example, new AI -based content 00:16:53.360 --> 00:16:56.779 creation tools that we can leverage to help make 00:16:56.779 --> 00:17:01.919 that process for our creators not just easier, 00:17:02.019 --> 00:17:04.660 but potentially more sophisticated to give them 00:17:04.660 --> 00:17:08.339 more powerful tools to allow them to create much 00:17:08.339 --> 00:17:12.180 more complex experiences. Okay, and that's probably 00:17:12.180 --> 00:17:16.119 a nod to how easy it is to create in the sandbox, 00:17:16.359 --> 00:17:19.680 but how... While there are creations being made, 00:17:19.799 --> 00:17:22.859 many thousands of experiences, player retention 00:17:22.859 --> 00:17:25.839 is not that great. And it's been a problem for 00:17:25.839 --> 00:17:28.140 the sandbox for a really long time. A lot of 00:17:28.140 --> 00:17:29.779 the community has known it. We've been trying 00:17:29.779 --> 00:17:31.960 to fix it. We've been trying to use the DAO also 00:17:31.960 --> 00:17:34.480 to do that. We didn't get very far. And unfortunately, 00:17:34.619 --> 00:17:38.119 the pause really cuts that short in a way that 00:17:38.119 --> 00:17:43.500 I think is unfair. However, as you can hear what 00:17:43.500 --> 00:17:47.190 Robbie's saying, he's clearly... He's clearly 00:17:47.190 --> 00:17:50.869 researched this. He's clearly has a handle on 00:17:50.869 --> 00:17:56.009 what is happening in the sandbox and why this 00:17:56.009 --> 00:17:58.869 change is needed. And I can't fault him at all 00:17:58.869 --> 00:18:03.009 for wanting to pivot or redirect and restructure 00:18:03.009 --> 00:18:06.869 or realign whatever word you'd like to use. You 00:18:06.869 --> 00:18:08.950 can start to understand why that's happening 00:18:08.950 --> 00:18:12.809 and that he's coming across as someone who didn't 00:18:12.809 --> 00:18:16.720 just plop into the middle of all this. He's been 00:18:16.720 --> 00:18:19.599 following along and has come with a plan. So 00:18:19.599 --> 00:18:22.880 seems to be a very well -spoken individual. And, 00:18:22.880 --> 00:18:31.420 yeah. So let's keep going. Let's go to, so not 00:18:31.420 --> 00:18:34.000 just expanding beyond the sandbox and generic 00:18:34.000 --> 00:18:41.200 utility, but also leveraging new technology to, 00:18:41.420 --> 00:18:44.940 in his words, create more complex experiences. 00:18:47.819 --> 00:18:50.740 That might be a nod to Roblox, I'm not sure, 00:18:50.880 --> 00:18:55.359 but in our case, maybe they've done an assessment 00:18:55.359 --> 00:18:59.140 where the simplicity is too much, and it's not 00:18:59.140 --> 00:19:01.660 as engaging, and that might be why player retention 00:19:01.660 --> 00:19:04.240 is so low. Maybe that's something internal that 00:19:04.240 --> 00:19:07.119 they've discovered, so that might be the whole 00:19:07.119 --> 00:19:09.839 complex experiences reference. I'm not sure. 00:19:11.440 --> 00:19:15.690 Okay, next is about 18 minutes in. He starts 00:19:15.690 --> 00:19:17.769 talking about the initiatives that they've launched, 00:19:17.930 --> 00:19:29.769 Sandchain and Corners. So I think there are a 00:19:29.769 --> 00:19:32.430 couple of initiatives that we've launched recently. 00:19:33.529 --> 00:19:37.910 One is Sandchain, which is being done in partnership. 00:19:38.109 --> 00:19:42.049 And Sandchain is essentially an infrastructure 00:19:42.049 --> 00:19:46.799 layer. for creators who create Web2 content who 00:19:46.799 --> 00:19:51.099 are interested in how they can essentially bridge 00:19:51.099 --> 00:19:54.339 their content into the digital asset world. Because 00:19:54.339 --> 00:19:58.140 as we know, in Web2, you're often restricted 00:19:58.140 --> 00:20:02.619 and siloed to the platforms in which you create 00:20:02.619 --> 00:20:04.759 your content, and you don't actually get any 00:20:04.759 --> 00:20:07.240 ownership of that content. And so one of the 00:20:07.240 --> 00:20:09.720 things we're trying to do is create an infrastructure 00:20:09.720 --> 00:20:14.079 layer that leverages the power of sand to allow 00:20:14.079 --> 00:20:18.160 them to engage with their communities, but in 00:20:18.160 --> 00:20:20.619 a digital asset venue where they can actually 00:20:20.619 --> 00:20:23.039 have, you know, the majority of the ownership 00:20:23.039 --> 00:20:24.960 as opposed to the ownership presiding with the 00:20:24.960 --> 00:20:27.920 platform. So I think that's kind of the view 00:20:27.920 --> 00:20:30.980 from the sand chain point of view. And then we 00:20:30.980 --> 00:20:34.299 also launched another product actually just last 00:20:34.299 --> 00:20:38.019 week called Corners. And Corners is again powered 00:20:38.019 --> 00:20:44.670 by sand. and part of the sand ecosystem. And 00:20:44.670 --> 00:20:47.829 Corners is actually specifically focused on the 00:20:47.829 --> 00:20:53.289 idea of curation. So there are two products right 00:20:53.289 --> 00:20:55.450 there that he mentioned, Sandchain and Corners, 00:20:55.470 --> 00:21:00.529 and it kind of explains what that expanding beyond 00:21:00.529 --> 00:21:03.650 the sandbox is to make it more of a generic utility. 00:21:04.069 --> 00:21:08.170 So they mentioned the word AI, complex experiences. 00:21:09.550 --> 00:21:13.789 And that to me is more about leveraging new technology 00:21:13.789 --> 00:21:17.549 so they can stay ahead of the curve and remain 00:21:17.549 --> 00:21:20.569 competitive in the market. Saying all the right 00:21:20.569 --> 00:21:23.410 things, certainly as someone who would come in 00:21:23.410 --> 00:21:28.269 as a new CEO to realign and focus efforts. So 00:21:28.269 --> 00:21:31.710 you're starting to see a picture even before 00:21:31.710 --> 00:21:39.700 we get to yesterday's AMA on SIP39. Yeah. Next 00:21:39.700 --> 00:21:47.380 up was one small reference about Sandbox and 00:21:47.380 --> 00:21:51.880 its placement. So I think, you know, obviously 00:21:51.880 --> 00:21:57.220 I hope Sandbox continues to be a key. of the 00:21:57.220 --> 00:22:00.559 creator economy in Web3. I mean, I'm really proud 00:22:00.559 --> 00:22:04.039 of what the team have built over the last five 00:22:04.039 --> 00:22:06.359 years and the success they've achieved. You know, 00:22:06.359 --> 00:22:09.880 Sandbox is, I think you can pretty inarguably 00:22:09.880 --> 00:22:14.279 say, the home for brands in Web3. Most traditional, 00:22:14.420 --> 00:22:18.059 you know, Web2 or consumer brands that have a 00:22:18.059 --> 00:22:21.559 presence in Web3 often have it through, you know, 00:22:22.430 --> 00:22:24.910 their holdings of land and experiences they've 00:22:24.910 --> 00:22:28.289 created in Sandbox. I'm really glad that he gave 00:22:28.289 --> 00:22:32.589 props and respect to the team. This is normal 00:22:32.589 --> 00:22:36.990 to hear when realignments are pending, when new 00:22:36.990 --> 00:22:41.230 leadership comes in to rearrange, realign, change 00:22:41.230 --> 00:22:44.390 things up, or refocus efforts, is, you know, 00:22:44.390 --> 00:22:49.130 paying respect to the efforts of the team so 00:22:49.130 --> 00:22:52.000 as not to demoralize. what's about to happen, 00:22:52.059 --> 00:22:53.660 which is all the restructuring in the layoffs 00:22:53.660 --> 00:22:56.500 and to kind of reassure and give more confidence 00:22:56.500 --> 00:23:01.140 about the future. So that to me is pretty, that's 00:23:01.140 --> 00:23:03.579 to be expected. And I appreciate that he did 00:23:03.579 --> 00:23:08.519 do that. And I think the main thing I want to 00:23:08.519 --> 00:23:12.259 point out there is that yet mentioned not long 00:23:12.259 --> 00:23:18.740 ago that it was on a podcast with Anna Solana, 00:23:18.799 --> 00:23:21.720 I believe. Can't recall the podcast name at the 00:23:21.720 --> 00:23:25.640 moment. But he mentioned that Sandbox continued 00:23:25.640 --> 00:23:29.319 to be a strategic initiative. And he mentioned 00:23:29.319 --> 00:23:31.859 the brand recognition. He also mentioned it was 00:23:31.859 --> 00:23:35.720 a home for brands. And so here you see Robbie. 00:23:36.079 --> 00:23:40.579 Here you see Robbie repeating that. And the thing 00:23:40.579 --> 00:23:43.819 I noted there was that he said hope. He hopes 00:23:43.819 --> 00:23:47.019 that it continues to be. And to me, that is one 00:23:47.019 --> 00:23:50.109 of the reasons why he's there. is because there 00:23:50.109 --> 00:23:53.589 was Sandbox, as we all know, if you've been in 00:23:53.589 --> 00:23:56.509 this community, you know that the player retention 00:23:56.509 --> 00:23:58.470 has been a big problem. It just hasn't really 00:23:58.470 --> 00:24:02.109 caught like Roblox has. We get tons of new people, 00:24:02.210 --> 00:24:06.509 they just don't stay. So while Animoca would 00:24:06.509 --> 00:24:09.369 love for it to continue to be a strategic initiative, 00:24:09.750 --> 00:24:11.769 there was a realignment that needed to happen 00:24:11.769 --> 00:24:15.869 in order for that to stay a reality. So here 00:24:15.869 --> 00:24:19.799 I see that word. as a pretty important tip -off 00:24:19.799 --> 00:24:25.319 that Robbie is attempting to ensure that it continues 00:24:25.319 --> 00:24:30.559 to be a strategic initiative, a player, a factor, 00:24:30.700 --> 00:24:34.859 and it remains the home for brands. So his realignment 00:24:34.859 --> 00:24:39.140 is to make that happen, and the word hope there 00:24:39.140 --> 00:24:41.740 is to note that they're in the process of doing 00:24:41.740 --> 00:24:44.940 that, and as it stands right now, it's uncertain. 00:24:45.180 --> 00:24:48.660 It will continue to be. But that's why he's here, 00:24:48.779 --> 00:24:54.720 to ensure that it does. To refocus and realign. 00:24:54.839 --> 00:24:58.059 And our last thing was, he was about to get into 00:24:58.059 --> 00:25:02.500 it, is what their ambition is. It kind of is 00:25:02.500 --> 00:25:05.420 similar to what we've just went over, but it 00:25:05.420 --> 00:25:08.019 does drive home, I think, a good point about 00:25:08.019 --> 00:25:12.599 what we could expect back in December and what 00:25:12.599 --> 00:25:16.660 we are now seeing. Fantastic. But I think... 00:25:17.039 --> 00:25:21.039 Our ambition is to try to grow, you know, the 00:25:21.039 --> 00:25:26.500 community of both Sandbox, but also Sand even 00:25:26.500 --> 00:25:30.480 bigger. And so part of how we're trying to do 00:25:30.480 --> 00:25:33.579 that this year is really to focus on other aspects 00:25:33.579 --> 00:25:36.759 of the creator economy that we can help add that, 00:25:36.880 --> 00:25:41.259 you know, underpinning of liquidity, as you mentioned, 00:25:41.380 --> 00:25:44.680 with the Sand token. So doing that both through 00:25:44.680 --> 00:25:47.470 corners and through... and through the sound 00:25:47.470 --> 00:25:50.990 chain. But I think also continuing to figure 00:25:50.990 --> 00:25:54.470 out how we can support creators, because at the 00:25:54.470 --> 00:25:56.730 end of the day, the major difference between 00:25:56.730 --> 00:26:00.769 Web 2 and Web 3 is ownership. And that's something 00:26:00.769 --> 00:26:05.049 you hear, yeah, Ravi, everyone, and Seb say the 00:26:05.049 --> 00:26:06.869 same thing, the difference between Web 2 and 00:26:06.869 --> 00:26:09.809 Web 3 is ownership. But I wanted to really highlight 00:26:09.809 --> 00:26:16.400 there what exactly stuck out to me was Right 00:26:16.400 --> 00:26:18.619 after he says, I hope sandbox continues to be 00:26:18.619 --> 00:26:20.960 a key cornerstone. He then says, our ambition 00:26:20.960 --> 00:26:24.859 is to try and grow the community of both. So 00:26:24.859 --> 00:26:30.019 adding the sandbox and sand even bigger. So there 00:26:30.019 --> 00:26:34.900 is, again, if it wasn't obvious is now they're 00:26:34.900 --> 00:26:37.440 looking to expand beyond what the sandbox has 00:26:37.440 --> 00:26:40.019 been offering thus far, which is a metaverse 00:26:40.019 --> 00:26:44.240 within a game client, that game. uh the game 00:26:44.240 --> 00:26:47.500 maker and box edit all the things that we already 00:26:47.500 --> 00:26:50.960 went over here in the ecosystem so the product 00:26:50.960 --> 00:26:57.400 of the sandbox he's saying that it's not um i'm 00:26:57.400 --> 00:26:59.079 not gonna put words in his mouth but from what 00:26:59.079 --> 00:27:02.079 i intuit my opinion is that they've assessed 00:27:02.079 --> 00:27:04.680 that the product needs to be expanded because 00:27:04.680 --> 00:27:07.059 it's currently not doing what they expect it 00:27:07.059 --> 00:27:09.200 to do and they're not seeing the results that 00:27:09.200 --> 00:27:12.599 they would expect to see which If you've been 00:27:12.599 --> 00:27:14.200 in the community, you know that that's true. 00:27:14.400 --> 00:27:16.900 You know that the sandbox has been struggling, 00:27:17.039 --> 00:27:20.440 like I mentioned with player retention. So a 00:27:20.440 --> 00:27:23.500 change needs to happen. You adapt or die. And 00:27:23.500 --> 00:27:27.079 Robbie seems to be here to ensure that we adapt. 00:27:27.559 --> 00:27:32.039 So that's what I'm reading out of this. The new 00:27:32.039 --> 00:27:39.720 CEO is here to focus and realign the sandbox's 00:27:39.720 --> 00:27:47.769 efforts. To adapt. How do I say this? To adapt. 00:27:48.470 --> 00:27:52.049 To. I don't want to say disappoint. Because Sandbox 00:27:52.049 --> 00:27:56.009 has done some really cool things. To recover. 00:27:56.650 --> 00:28:03.309 Now. To. Maybe recover is a fine word. There 00:28:03.309 --> 00:28:08.210 we go. To improve. To improve. The Sandbox's. 00:28:09.170 --> 00:28:12.049 Performance. I think that's probably a fair word. 00:28:13.849 --> 00:28:17.990 So my opinion of why he's here, and it seems 00:28:17.990 --> 00:28:21.890 to me true, that the new CEO, Robbie, is here 00:28:21.890 --> 00:28:25.089 to focus and realign the Sandbox's efforts to 00:28:25.089 --> 00:28:31.690 improve its performance. And maybe Robbie himself 00:28:31.690 --> 00:28:35.150 might disagree with those two words, to improve 00:28:35.150 --> 00:28:38.670 the Sandbox's performance. But I think I'm close 00:28:38.670 --> 00:28:41.690 enough. I think I'm in the ballpark. The sandbox 00:28:41.690 --> 00:28:44.430 performance just hasn't been what most of us 00:28:44.430 --> 00:28:47.890 wanted. I was going to do an episode as a studio 00:28:47.890 --> 00:28:51.150 myself, as MetaWorld Studio, how we weren't able 00:28:51.150 --> 00:28:54.549 to make a living. And my experience wasn't the 00:28:54.549 --> 00:28:57.529 only one. Some of the biggest studios had to 00:28:57.529 --> 00:28:59.710 bow out from the sandbox because the play -to 00:28:59.710 --> 00:29:01.930 -earn model didn't work within the sandbox to 00:29:01.930 --> 00:29:04.029 where they could have a self -sustaining income. 00:29:04.250 --> 00:29:08.289 I saw that myself. having jumped in and in 2021 00:29:08.289 --> 00:29:12.289 gotten the game maker in 2022 and 2023 i received 00:29:12.289 --> 00:29:14.950 a game maker grant but even then the monetization 00:29:14.950 --> 00:29:18.509 just wasn't there we ran some big difficulties 00:29:18.509 --> 00:29:22.430 by getting buy -in from the sandbox team on on 00:29:22.430 --> 00:29:25.789 the nft collection we were able to push that 00:29:25.789 --> 00:29:27.529 out but that's when they transitioned to catalyst 00:29:27.529 --> 00:29:30.049 you then had to buy catalyst we weren't funded 00:29:30.049 --> 00:29:32.230 for that so i had then had to buy them myself 00:29:32.230 --> 00:29:35.960 and then even then The NFT collection didn't 00:29:35.960 --> 00:29:39.539 sell and there was no other monetization that 00:29:39.539 --> 00:29:42.940 we could get out of that. So ever since then, 00:29:42.980 --> 00:29:45.380 just been kind of limping along. And that's when 00:29:45.380 --> 00:29:49.900 the DAO came out in 2023, excuse me, 2024 in 00:29:49.900 --> 00:29:54.640 May, and where I was going to exit the community 00:29:54.640 --> 00:29:58.099 myself because we had come to the end of our 00:29:58.099 --> 00:30:01.799 rope on what was possible for MetaWorld's funding 00:30:01.799 --> 00:30:05.690 itself. not having a sustainable income. But 00:30:05.690 --> 00:30:07.910 then the DAO came. And because I have an entrepreneurial 00:30:07.910 --> 00:30:11.269 background, business, I'm a gamer, I love governance 00:30:11.269 --> 00:30:13.750 and leadership. The DAO was exactly what I needed. 00:30:13.809 --> 00:30:16.069 It was right up my alley. So I jumped into the 00:30:16.069 --> 00:30:20.329 DAO. And eventually, eventually, we were able 00:30:20.329 --> 00:30:24.710 to earn a grant from the DAO when we won the 00:30:24.710 --> 00:30:28.269 Request for Proposal competition. And then we 00:30:28.269 --> 00:30:31.619 produced the DAO Education Hub. And we earned 00:30:31.619 --> 00:30:36.220 the $30 ,000 that was the grant. And that was 00:30:36.220 --> 00:30:39.920 the first time, and that was a year later. So 00:30:39.920 --> 00:30:44.279 just earlier last year, we did that. And without 00:30:44.279 --> 00:30:47.359 that, MetaWorlds would still have not had any 00:30:47.359 --> 00:30:50.099 business as it had for the past year before that. 00:30:50.380 --> 00:30:55.980 So the business of Sandbox as a studio is tough. 00:30:56.730 --> 00:30:59.569 It is self -sustaining. It is not self -sustaining. 00:30:59.670 --> 00:31:03.950 There was no sustainable income. And that I think 00:31:03.950 --> 00:31:07.529 is part and parcel as to what we're talking about, 00:31:07.630 --> 00:31:09.190 what I'm talking about when I say improve the 00:31:09.190 --> 00:31:14.430 sandbox performance. Part of it is, I think most 00:31:14.430 --> 00:31:17.089 of it's player retention. We get a lot of new 00:31:17.089 --> 00:31:19.829 wallets. They just don't stay. And there's many 00:31:19.829 --> 00:31:21.390 reasons for that. And I think that's one of the 00:31:21.390 --> 00:31:25.480 reasons why Robbie is here to address. the part 00:31:25.480 --> 00:31:30.019 that needs to be improved. So there is December 00:31:30.019 --> 00:31:32.180 2025. And the reason why I spent so much time 00:31:32.180 --> 00:31:36.380 on December 2025 is when yesterday the AMA was 00:31:36.380 --> 00:31:40.319 hosted, the playback bug struck. And so there 00:31:40.319 --> 00:31:42.920 was no way to review the recording from yesterday. 00:31:43.200 --> 00:31:46.900 I mistakenly did not record it. So that was my 00:31:46.900 --> 00:31:50.039 fault. And I did not see that anyone else had 00:31:50.039 --> 00:31:54.460 recorded it either. Unfortunately for all of 00:31:54.460 --> 00:31:58.759 us, most especially for me, there was no way 00:31:58.759 --> 00:32:02.000 to see the recording. So what I did and what 00:32:02.000 --> 00:32:05.720 others did was we posted what notes that we did 00:32:05.720 --> 00:32:11.079 have. And I'll be going over soon in the forums 00:32:11.079 --> 00:32:14.720 what that was. So you can see the reactions are 00:32:14.720 --> 00:32:18.259 varied. I tried to post my calculations of what 00:32:18.259 --> 00:32:21.319 I had seen for the sips and how much money was 00:32:21.319 --> 00:32:25.099 left. Cyril rightly points out that he had a 00:32:25.099 --> 00:32:28.160 better method, so he gave about $800 ,000 left, 00:32:28.440 --> 00:32:33.680 whereas I had calculated anywhere from $4 million 00:32:33.680 --> 00:32:37.319 if you don't take in relativity and exchange 00:32:37.319 --> 00:32:42.619 rates. But when I calculated that the $0 .10 00:32:42.619 --> 00:32:46.599 that sand is worth now, I got $400 ,000. But 00:32:46.599 --> 00:32:49.539 Cyril, who probably has a more accurate method, 00:32:50.529 --> 00:32:53.910 calculated about 800 ,000. So anyways, we're 00:32:53.910 --> 00:32:55.930 going to go over now some of the things that 00:32:55.930 --> 00:32:59.410 stuck out to me and others in yesterday's AMA. 00:33:00.109 --> 00:33:02.630 And then that might be about where we ended. 00:33:02.990 --> 00:33:07.670 So yesterday's AMA, it was about 30 minutes long, 00:33:07.789 --> 00:33:11.049 similar to the December one. And the speakers 00:33:11.049 --> 00:33:15.410 were Sebastian Bourget, Cyril Forte, and Robbie 00:33:15.410 --> 00:33:18.750 Young. So Robbie being the CEO of Animoca, Sebastian 00:33:18.750 --> 00:33:22.769 Bourget. who was the COO of, is now a global 00:33:22.769 --> 00:33:25.750 brand ambassador for the Sandbox, and Cyril Forte, 00:33:25.869 --> 00:33:30.170 who is the current Sandbox DAO administrator. 00:33:30.789 --> 00:33:33.829 So he oversees the team that implements the tech 00:33:33.829 --> 00:33:39.769 stack and processes SIPs. Okay, so they announced 00:33:39.769 --> 00:33:42.849 this the day before, saying that they were going 00:33:42.849 --> 00:33:45.529 to walk through the rationale scope of the DAO 00:33:45.529 --> 00:33:47.910 pause and the transition and what it means for 00:33:47.910 --> 00:33:50.619 the existing SIPs in the community. So this is 00:33:50.619 --> 00:33:53.940 in reference to the recent announcement of SIP 00:33:53.940 --> 00:33:57.339 39, which is to pause the Sandbox DAO. I'm going 00:33:57.339 --> 00:33:59.859 to do an episode on that all by itself, like 00:33:59.859 --> 00:34:01.960 I normally do for other SIPs, where I do a read 00:34:01.960 --> 00:34:04.380 -through. This one in particular, I'm going to 00:34:04.380 --> 00:34:06.599 save for another episode, because there's some 00:34:06.599 --> 00:34:09.420 things I wanted to note out of that. So today 00:34:09.420 --> 00:34:11.099 we're just going to go over the reaction to the 00:34:11.099 --> 00:34:14.739 AMA and all of the summaries of that, which is 00:34:14.739 --> 00:34:18.780 why we went over December 2025. To me, that was 00:34:18.780 --> 00:34:21.179 a big part of why we're seeing what we're seeing 00:34:21.179 --> 00:34:26.199 right now. The SIP39 DAO pause is really a byproduct 00:34:26.199 --> 00:34:31.739 of that. So here were some of my notes. I also 00:34:31.739 --> 00:34:35.019 included the Sandbox Accounts notes as well as 00:34:35.019 --> 00:34:38.679 Shanti, who did a really good note section on 00:34:38.679 --> 00:34:42.340 it. But Panda Pops was the host. Seb, Robbie, 00:34:42.599 --> 00:34:47.360 Cyril are speakers. And Shanti... One of his 00:34:47.360 --> 00:34:52.280 notes, I'll open up here on the forum. Shanti 00:34:52.280 --> 00:34:56.559 summarized that the core objective, as he saw 00:34:56.559 --> 00:35:00.280 from the AMA, was a pause of the DAO operations 00:35:00.280 --> 00:35:04.679 to relocate resources toward core product development 00:35:04.679 --> 00:35:08.340 and AI -driven innovation. Some subcomponents 00:35:08.340 --> 00:35:11.159 of that were resource optimization, operational 00:35:11.159 --> 00:35:14.739 shift, AI and creator tools, and existing SIPs. 00:35:15.000 --> 00:35:17.909 Also some next steps. So in the resource optimization, 00:35:18.530 --> 00:35:22.489 Shanti noted that shifting focus from administrative 00:35:22.489 --> 00:35:26.429 DAO overhead to enhanced platform user experience 00:35:26.429 --> 00:35:32.150 and sandbox 3 .0 features. Then under the operational 00:35:32.150 --> 00:35:34.329 shift, it would be transitioning the DAO to a 00:35:34.329 --> 00:35:36.530 dormant state. That's what they mean when they 00:35:36.530 --> 00:35:39.869 say pause. Effective April 1st, which is coming 00:35:39.869 --> 00:35:43.929 up pretty soon at the end of this month, or I 00:35:43.929 --> 00:35:45.789 guess two months from now. And then minimizing 00:35:45.789 --> 00:35:49.269 costs while maintaining the record of the sandbox 00:35:49.269 --> 00:35:52.550 DAO. Then AI creation tools, which is prioritizing 00:35:52.550 --> 00:35:54.690 the development of AI -driven tools and the sand 00:35:54.690 --> 00:35:57.489 chain to empower creator economy. That part remains 00:35:57.489 --> 00:36:00.769 unchanged except the introduction of AI as it's 00:36:00.769 --> 00:36:02.710 become an emergent technology within the industry. 00:36:03.210 --> 00:36:06.170 And then existing SIPs. Most approved SIPs will 00:36:06.170 --> 00:36:08.969 be honored through Q1, which was cool. I was 00:36:08.969 --> 00:36:12.010 really happy to hear that. However, three unstarted 00:36:12.010 --> 00:36:15.610 SIPs will be discontinued. One of which, so SIPs 00:36:15.610 --> 00:36:20.170 26, 33, and 36. Let's take a look at what those 00:36:20.170 --> 00:36:31.929 are. So here on the Sandbox DAO website, you 00:36:31.929 --> 00:36:35.369 can see the proposals. Let's take a look. So 00:36:35.369 --> 00:36:41.909 it was SIPs 26, 33, and 36. 26 is... The NFT 00:36:41.909 --> 00:36:44.030 collection management for Sandbox DAO, that was 00:36:44.030 --> 00:36:47.349 by Orthmart, Josephine, and the rest of his team, 00:36:47.429 --> 00:36:52.449 where they took the multi -million dollar collection 00:36:52.449 --> 00:36:56.309 that was endowed to the Sandbox DAO. They had 00:36:56.309 --> 00:36:59.969 been successfully refocusing that and curating 00:36:59.969 --> 00:37:03.670 it to a Sandbox -centric theme, had to liquidate 00:37:03.670 --> 00:37:06.789 some of that. um in order to do so they were 00:37:06.789 --> 00:37:08.489 meeting all their metrics all their milestones 00:37:08.489 --> 00:37:17.730 they recently did a a um they recently did go 00:37:17.730 --> 00:37:21.190 to the discussion they recently released their 00:37:21.190 --> 00:37:24.369 their latest report and oh there's the flipbook 00:37:24.369 --> 00:37:28.409 right there nice so this was their latest report 00:37:28.409 --> 00:37:31.090 that they've been doing i've been following along 00:37:31.090 --> 00:37:33.849 and going to their x spaces It's really, really 00:37:33.849 --> 00:37:35.849 cool. I highly recommend looking at this. If 00:37:35.849 --> 00:37:38.550 you don't know anything about NFT management 00:37:38.550 --> 00:37:40.769 or curation, I highly recommend it. This was 00:37:40.769 --> 00:37:44.190 a lot of fun to follow, and they clearly know 00:37:44.190 --> 00:37:46.570 what they're doing. So they have been reducing 00:37:46.570 --> 00:37:51.210 the assets from over $1 ,300 to $700 and had 00:37:51.210 --> 00:37:54.309 been giving the DAO back quite a bit of money. 00:37:54.369 --> 00:37:57.030 Let's look at how much it was. They had earned 00:37:57.030 --> 00:37:59.829 $400 ,000, so almost half a million dollars. 00:38:00.440 --> 00:38:02.820 that they had earned in their refocusing in order 00:38:02.820 --> 00:38:06.000 to acquire more sandbox -specific things that 00:38:06.000 --> 00:38:09.059 are more related to our culture. So, for instance, 00:38:09.260 --> 00:38:14.800 less apes, more sandbox voxel things. That's 00:38:14.800 --> 00:38:16.199 some of the liquidations that would have been 00:38:16.199 --> 00:38:19.380 happening. So they were hitting all their targets. 00:38:19.420 --> 00:38:21.719 They were doing very well. But it looks like 00:38:21.719 --> 00:38:25.460 for whatever reason, I'm not quite sure, this 00:38:25.460 --> 00:38:30.840 was part of what was mentioned. And discontinuing. 00:38:30.940 --> 00:38:34.960 So that made me sad because SIP 26 was clearly 00:38:34.960 --> 00:38:41.139 a success in implementing a refocusing of the 00:38:41.139 --> 00:38:45.780 NFT collection. So what else? Let's take a look 00:38:45.780 --> 00:39:04.289 at what else. So also SIP 33 and 36. 33 was the 00:39:04.289 --> 00:39:07.630 Sandbox Metaversity campus. That one was in the 00:39:07.630 --> 00:39:12.349 Philippines. And then SEP 36 is the land estate 00:39:12.349 --> 00:39:14.809 sales. This one makes me a little bit frustrated 00:39:14.809 --> 00:39:18.829 because it would have been valuable regardless 00:39:18.829 --> 00:39:22.550 of whether the DAO was closed or not. The Sandbox 00:39:22.550 --> 00:39:25.789 land estate sale would have been a plugin through 00:39:25.789 --> 00:39:28.610 GBM, which if you know what GBM is, it's now 00:39:28.610 --> 00:39:32.059 the Sandbox internal method for... auctioning 00:39:32.059 --> 00:39:34.679 off land so what that effectively means is it's 00:39:34.679 --> 00:39:38.199 now it will remain extremely difficult to sell 00:39:38.199 --> 00:39:43.239 land in anything greater than a one by one so 00:39:43.239 --> 00:39:45.840 all of you that have estates the three by three 00:39:45.840 --> 00:39:49.980 six by six is 12 by 12 24 by 24 you will continue 00:39:49.980 --> 00:39:52.980 to have to jump through several hoops in order 00:39:52.980 --> 00:39:57.780 to sell your land estate gbm was pre -approved 00:39:57.780 --> 00:40:00.079 and was already working on a way in order to 00:40:00.079 --> 00:40:03.340 make add that to their in -house capability for 00:40:03.340 --> 00:40:05.980 people like myself that have estates this was 00:40:05.980 --> 00:40:09.460 going to be a big help a big boon and would have 00:40:09.460 --> 00:40:11.420 been valuable regardless of the dow because it 00:40:11.420 --> 00:40:13.340 would have been part of the sandbox games website 00:40:13.340 --> 00:40:16.940 and it just makes me really really sad that that's 00:40:16.940 --> 00:40:19.719 the that's not going to happen so let me show 00:40:19.719 --> 00:40:25.159 you what i mean here's the website gbm auctions 00:40:25.159 --> 00:40:30.320 so this was it So you could have auctioned off 00:40:30.320 --> 00:40:33.340 an entire estate rather than privately listing 00:40:33.340 --> 00:40:38.559 dozens of one -by -one lands on OpenSea or risking 00:40:38.559 --> 00:40:42.400 unsafe OTC, other transaction, or over -the -counter 00:40:42.400 --> 00:40:47.320 websites, most of them are gone. I tried to do 00:40:47.320 --> 00:40:49.960 that recently for an estate sale where I tried 00:40:49.960 --> 00:40:52.960 to buy someone's estate, and it was really difficult. 00:40:53.320 --> 00:40:57.460 We had to use a very convoluted method in OpenSea. 00:40:57.900 --> 00:41:01.960 And in some cases, had to do an OTC, kind of 00:41:01.960 --> 00:41:06.099 like a trust -based thing, which I do not recommend. 00:41:06.460 --> 00:41:09.460 I could only do that because I was sure of the 00:41:09.460 --> 00:41:12.699 recipient. They had been in the organization, 00:41:13.219 --> 00:41:15.159 excuse me, they had been in the ecosystem for 00:41:15.159 --> 00:41:19.139 a really long time. So I knew of their authenticity. 00:41:19.739 --> 00:41:22.380 But that is not something I recommend, and we 00:41:22.380 --> 00:41:25.139 should not have to rely only on that. So you 00:41:25.139 --> 00:41:28.880 really... This would have been a great tool. 00:41:29.059 --> 00:41:33.559 I don't know why they stopped it. It was. This 00:41:33.559 --> 00:41:36.519 is something the sandbox needed, not the DAO, 00:41:36.679 --> 00:41:40.599 but it looks like it's being caught up in all 00:41:40.599 --> 00:41:43.079 of this. So that'll be one of my comments back 00:41:43.079 --> 00:41:47.920 is to please exclude that from from it because 00:41:47.920 --> 00:41:51.739 we need that tool. And anyways, and then Shanti 00:41:51.739 --> 00:41:56.869 also mentioned the next steps here. in his notes 00:41:56.869 --> 00:41:59.329 was following the one week discussion a two week 00:41:59.329 --> 00:42:02.949 voting period and then a sandbox team will vote 00:42:02.949 --> 00:42:05.809 in favor to support this transition um minor 00:42:05.809 --> 00:42:09.969 nitpick is that it needed two weeks per the the 00:42:09.969 --> 00:42:13.469 sandbox sip rules i'm not sure maybe that might 00:42:13.469 --> 00:42:15.849 be an oversight i thought i had heard it would 00:42:15.849 --> 00:42:17.730 just go through the discussion period i didn't 00:42:17.730 --> 00:42:19.710 hear that it'll only be one week so hopefully 00:42:19.710 --> 00:42:21.489 it goes through a two week like it's supposed 00:42:21.489 --> 00:42:25.019 to in this in the sip process And then it will 00:42:25.019 --> 00:42:28.059 go through a two week voting period. Cool. All 00:42:28.059 --> 00:42:32.579 right. So that was Shanti's summary of what what 00:42:32.579 --> 00:42:38.239 he had heard. So then the sandbox replies a little 00:42:38.239 --> 00:42:45.920 bit later on down about how. Here, no, that's 00:42:45.920 --> 00:42:55.030 me. Here, the sandbox then talks about. sandbox 00:42:55.030 --> 00:42:57.429 account i'm not sure if it's panda behind this 00:42:57.429 --> 00:43:01.309 or who is speaking here but they said we hope 00:43:01.309 --> 00:43:03.789 today's ama helps shed more light on the road 00:43:03.789 --> 00:43:07.150 ahead for sandbox it did a little bit um but 00:43:07.150 --> 00:43:10.889 there were still a lot of questions that i think 00:43:10.889 --> 00:43:13.469 needed to be answered i'm not sure when panda 00:43:13.469 --> 00:43:16.809 was referencing the the q a part where she got 00:43:16.809 --> 00:43:19.219 her questions from I didn't see anything in the 00:43:19.219 --> 00:43:22.539 Discord or on the forums, so I would have loved 00:43:22.539 --> 00:43:25.059 to have submitted a few questions to help clarify 00:43:25.059 --> 00:43:27.739 what's happening and why we're seeing that. But 00:43:27.739 --> 00:43:29.960 the response from the Sandbox account here is 00:43:29.960 --> 00:43:32.480 that SIP39 is intended to be both operational 00:43:32.480 --> 00:43:35.480 and strategic. It pauses the SIP intake, programs, 00:43:35.760 --> 00:43:38.440 and operations to preserve the DAO's assets and 00:43:38.440 --> 00:43:40.980 ensure it is best positioned once it's determined 00:43:40.980 --> 00:43:43.059 how the DAO should contribute in the context 00:43:43.059 --> 00:43:45.840 of the Sandbox's evolving ecosystem and what 00:43:45.840 --> 00:43:49.679 the best future model should be. Okay. Got it. 00:43:51.079 --> 00:43:54.920 So I mentioned here that the playback bug strikes 00:43:54.920 --> 00:43:59.219 again. And then here were my thoughts on it. 00:44:00.099 --> 00:44:03.400 I already went over the first two, but the Robbie 00:44:03.400 --> 00:44:06.320 to me, what I heard Robbie say was that the point 00:44:06.320 --> 00:44:09.840 of the pause is to conserve resources while focusing 00:44:09.840 --> 00:44:13.380 our efforts on Sandbox 3 .0. He specifically 00:44:13.380 --> 00:44:16.349 mentioned Sandchain and Corners. I also heard 00:44:16.349 --> 00:44:18.630 him say that the Sandbox wallet will be voting 00:44:18.630 --> 00:44:23.869 with its 27 million voting power, which effectively 00:44:23.869 --> 00:44:27.090 means it's going to be extremely difficult to 00:44:27.090 --> 00:44:35.150 outvote that. I was disappointed to hear him 00:44:35.150 --> 00:44:38.570 say this. I think out of everything, I was disappointed 00:44:38.570 --> 00:44:42.570 to hear the Sandbox say that we're going to be 00:44:42.570 --> 00:44:46.960 voting. I think that doesn't make this a community 00:44:46.960 --> 00:44:51.420 vote anymore. It just makes it kind of, you know, 00:44:51.420 --> 00:44:53.579 they put it out for the community to vote on, 00:44:53.739 --> 00:44:57.840 but okay, got it. The vote is going to be massively 00:44:57.840 --> 00:45:02.179 swung in the direction of pausing the DAO. There 00:45:02.179 --> 00:45:03.719 really isn't much, I don't see much discussion 00:45:03.719 --> 00:45:10.579 happening. Myself, Shanti, Hishmad, and I believe 00:45:10.579 --> 00:45:16.289 Ixtura. I believe I also saw, well, there's Yule, 00:45:16.469 --> 00:45:24.969 Kami, Victor, Victorin, Sebga. Okay, Daddy Mufasa, 00:45:25.110 --> 00:45:29.289 and then Intern, who is known as the Tao, but 00:45:29.289 --> 00:45:32.469 it's the Intern, Sanctum. So there is some discussion 00:45:32.469 --> 00:45:38.030 about it. However, I'm not... one -week, two 00:45:38.030 --> 00:45:40.269 -week discussion period is supposed to be where 00:45:40.269 --> 00:45:43.849 the author takes in that input and then modifies, 00:45:43.849 --> 00:45:46.050 adjusts, and improves their SIP before it goes 00:45:46.050 --> 00:45:48.210 to vote. I'm not sure that's happening here. 00:45:48.289 --> 00:45:51.010 It just seems like they're following the process, 00:45:51.329 --> 00:45:53.369 but they're going to put their thumb on the scale 00:45:53.369 --> 00:45:58.130 to make it stick. And that, by Verson also, that 00:45:58.130 --> 00:45:59.989 is really unfortunate to me. That doesn't seem 00:45:59.989 --> 00:46:03.130 like a community vote, and it seems like a continuance 00:46:03.130 --> 00:46:08.210 of... of relying on internal deliberations that 00:46:08.210 --> 00:46:14.309 have, I don't think that's working. I think you 00:46:14.309 --> 00:46:18.130 should give the special counsel the chance to 00:46:18.130 --> 00:46:22.329 nominate its own community -based members and 00:46:22.329 --> 00:46:28.090 then do special counsel and advisory board things. 00:46:28.429 --> 00:46:30.469 There are a lot of things that we've seen in 00:46:30.469 --> 00:46:33.050 other DAOs that are working when you build in 00:46:33.050 --> 00:46:36.199 public. The special counsel and the advisory 00:46:36.199 --> 00:46:39.360 board that was nominated for its first term were 00:46:39.360 --> 00:46:43.539 nominated as a result of internal corporate deliberations. 00:46:43.559 --> 00:46:46.760 And they were not nominated by the community. 00:46:47.119 --> 00:46:51.739 And as a result, we had kind of absent leadership 00:46:51.739 --> 00:46:55.480 from the sandbox, the special counsel advisory 00:46:55.480 --> 00:46:59.320 board. They weren't involved in the community. 00:46:59.480 --> 00:47:03.380 There were some things, they did some AMAs here 00:47:03.380 --> 00:47:07.079 and there. But they did not have any force shaping 00:47:07.079 --> 00:47:11.639 role that I think a special counsel and advisory 00:47:11.639 --> 00:47:14.139 board could have had. They could have been drumming 00:47:14.139 --> 00:47:17.860 up more momentum. They could have been hosting 00:47:17.860 --> 00:47:20.800 public meetings, similar to how Star Atlas DAO 00:47:20.800 --> 00:47:26.559 and Illuvium DAO, how they do things. And I think 00:47:26.559 --> 00:47:29.199 that's really unfortunate because we had a lot 00:47:29.199 --> 00:47:31.519 of community members, including myself, who wanted 00:47:31.519 --> 00:47:34.440 to run for the special counsel. in order to start 00:47:34.440 --> 00:47:37.719 building in public and generating momentum. A 00:47:37.719 --> 00:47:39.920 lot of us know what buttons to press and what 00:47:39.920 --> 00:47:43.659 levers to pull in order to increase the participation. 00:47:45.159 --> 00:47:50.900 Most of us agreed on some of the fixes and the 00:47:50.900 --> 00:47:55.079 problems, but the slip intake had been slowed 00:47:55.079 --> 00:48:00.380 for a while now, and a lot of those changes didn't 00:48:00.380 --> 00:48:04.400 have a chance to take at all. The retention problem 00:48:04.400 --> 00:48:07.280 is something we intended on addressing by building 00:48:07.280 --> 00:48:10.900 more features into the system and more tools. 00:48:12.239 --> 00:48:15.039 We also intended to make more working groups 00:48:15.039 --> 00:48:22.099 and do more X -Spaces, I guess you could say, 00:48:22.219 --> 00:48:25.559 live streams, building more in public, similar 00:48:25.559 --> 00:48:29.420 to what the Sandbox was doing some years ago 00:48:29.420 --> 00:48:32.469 in their live streams. they encountered enormous 00:48:32.469 --> 00:48:36.050 success at that time. So while I can't, while 00:48:36.050 --> 00:48:39.650 we can't impact the product itself, because that's 00:48:39.650 --> 00:48:42.949 under the Sandbox's development team, there are 00:48:42.949 --> 00:48:44.909 so many more enabling things that we could have 00:48:44.909 --> 00:48:47.869 been doing that have not been done because the 00:48:47.869 --> 00:48:51.369 special counsel and advisory board had full -time 00:48:51.369 --> 00:48:53.929 people doing, they had their own lives. Like 00:48:53.929 --> 00:48:57.570 Yatsu, could you really expect Yatsu to be... 00:48:58.190 --> 00:49:02.050 in grain or nuance and detailed the day -to -day 00:49:02.050 --> 00:49:05.650 of the sandbox DAO? No. So in my opinion, that 00:49:05.650 --> 00:49:07.869 should have been, they should have transitioned 00:49:07.869 --> 00:49:11.630 the sandbox council a while ago, maybe six months 00:49:11.630 --> 00:49:14.989 worth of setting the expectation and the vision 00:49:14.989 --> 00:49:18.329 of the DAO, and then nominating a new special 00:49:18.329 --> 00:49:22.469 counsel and an advisory board, because it became 00:49:22.469 --> 00:49:25.090 clear that that role was under, those roles were 00:49:25.090 --> 00:49:27.409 underutilized to a great, to a great extent. 00:49:27.960 --> 00:49:29.480 And all you have to do is look at other DAOs 00:49:29.480 --> 00:49:31.199 and their special counsels to know that that's 00:49:31.199 --> 00:49:36.500 true. So that's my opinion on the matter. That's 00:49:36.500 --> 00:49:39.579 why I listed out these reasons, B, A, B, and 00:49:39.579 --> 00:49:43.880 C, to continue the DAO. The governance body does 00:49:43.880 --> 00:49:45.940 not have to be attached to the new funding SIPs. 00:49:46.159 --> 00:49:49.559 I don't know why they're saying that those two 00:49:49.559 --> 00:49:51.880 things have to be put together. I don't think 00:49:51.880 --> 00:49:53.840 they need to be. I think the governance bodies 00:49:53.840 --> 00:49:58.550 can continue without funding SIPs. So I'm not 00:49:58.550 --> 00:50:02.530 quite sure what is happening there because the 00:50:02.530 --> 00:50:05.150 community is not being included. They're just 00:50:05.150 --> 00:50:07.789 being like, hey, here's what we're doing. Here 00:50:07.789 --> 00:50:10.869 it is. There were no speakers other than the 00:50:10.869 --> 00:50:14.769 sandbox personnel. I didn't even have a chance 00:50:14.769 --> 00:50:18.170 to go up there to ask a question or two. It was 00:50:18.170 --> 00:50:21.650 a closed system. And in my opinion and in many 00:50:21.650 --> 00:50:24.150 people's opinion, this closed system is how we 00:50:24.150 --> 00:50:27.800 got here. The continuance of the closed system, 00:50:27.840 --> 00:50:32.139 to me, will continue to keep us here. I think 00:50:32.139 --> 00:50:35.239 you need to involve the collective brainpower 00:50:35.239 --> 00:50:39.659 of the community through leadership roles that 00:50:39.659 --> 00:50:43.260 have impact. And that's how we can get ourselves 00:50:43.260 --> 00:50:45.800 out of these holes that we're in. It doesn't 00:50:45.800 --> 00:50:49.940 have to be only the sandbox company that is trying 00:50:49.940 --> 00:50:53.920 to get us out. The community can. And restricting 00:50:53.920 --> 00:50:57.739 the DAO to... SIPs that were heavily curated 00:50:57.739 --> 00:51:03.420 was a good tool. It helped, especially when we 00:51:03.420 --> 00:51:06.760 did the Sandbox DAO grants program, but it's 00:51:06.760 --> 00:51:11.000 insufficient to move the needle. We need to be 00:51:11.000 --> 00:51:14.440 freed to perform our roles as they're specified 00:51:14.440 --> 00:51:18.579 in the DAO, and we weren't. We weren't. The progressive 00:51:18.579 --> 00:51:22.179 decentralization was extremely centralized, and 00:51:22.179 --> 00:51:26.329 it still is very centralized. with the DAO admin 00:51:26.329 --> 00:51:30.590 team and the Sandbox DAO game controlling the 00:51:30.590 --> 00:51:35.150 vast majority of it. I get it. I understand the 00:51:35.150 --> 00:51:39.050 reasons why. I interviewed Cyril and Seb, and 00:51:39.050 --> 00:51:43.150 I understand it. And I think if we're going to 00:51:43.150 --> 00:51:45.610 be considering a pausing of the DAO, then we 00:51:45.610 --> 00:51:52.289 should unlock the community to fulfill its larger 00:51:52.289 --> 00:51:56.889 role. rather than piecemealing it little by little 00:51:56.889 --> 00:52:01.309 and then not giving it a chance to fully realize 00:52:01.309 --> 00:52:04.610 its potential and then kill it before that happens. 00:52:04.769 --> 00:52:06.170 That's what's happening with the pausing of the 00:52:06.170 --> 00:52:11.449 DAO is the piecemealing potential is being killed 00:52:11.449 --> 00:52:14.570 before we've hit a threshold where the community 00:52:14.570 --> 00:52:17.349 is fully leveraging its collective brainpower 00:52:17.349 --> 00:52:20.130 to overcome the obstacles of the sandbox ecosystem. 00:52:21.869 --> 00:52:26.110 This over -reliance on internal corporate deliberations. 00:52:26.929 --> 00:52:29.489 The exclusion of community -nominated bodies. 00:52:30.429 --> 00:52:33.630 The Sandbox DAO grants program was one of the 00:52:33.630 --> 00:52:36.329 best things, I think, that happened to the DAO. 00:52:36.530 --> 00:52:42.150 I am so happy that that happened. When I was 00:52:42.150 --> 00:52:44.489 one of the elected allocators, as were three 00:52:44.489 --> 00:52:47.949 others, when we were given the power to approve 00:52:47.949 --> 00:52:53.280 grants, to bring people in, Oh my gosh, man. 00:52:53.579 --> 00:52:55.659 Do you know how many people are still here because 00:52:55.659 --> 00:53:02.119 of that? Six months later? It was a hugely enabling 00:53:02.119 --> 00:53:04.340 moment. To me, that was the shining example of 00:53:04.340 --> 00:53:10.000 what happens when you empower the DAO to fulfill 00:53:10.000 --> 00:53:13.280 its leadership role and community -nominated, 00:53:13.320 --> 00:53:18.280 community -elected bodies. But the special counsel... 00:53:18.539 --> 00:53:21.639 and advisory board terms expired December 31st, 00:53:21.639 --> 00:53:24.539 so two months ago. Elections did not happen on 00:53:24.539 --> 00:53:30.000 time, and now they won't if the Dow pauses. So 00:53:30.000 --> 00:53:35.420 my opinion, we should not be pausing the Dow's 00:53:35.420 --> 00:53:40.159 governing bodies. You can do so in a very affordable 00:53:40.159 --> 00:53:44.480 means. It doesn't even have to be $120 ,000 per 00:53:44.480 --> 00:53:49.599 person, $120 ,000 sand per person. Which is a 00:53:49.599 --> 00:53:56.320 rounding error, almost, to what remains. Not 00:53:56.320 --> 00:53:59.619 in USDC, mind you, but in terms of sand. And 00:53:59.619 --> 00:54:03.380 if you're being paid in sand, then I don't see 00:54:03.380 --> 00:54:07.079 how there is a great loss here in continuing 00:54:07.079 --> 00:54:09.639 the governing bodies. It is very affordable. 00:54:10.300 --> 00:54:13.519 And a lot of people want to continue. They want 00:54:13.519 --> 00:54:19.130 to try and help this. Problem out. When internal 00:54:19.130 --> 00:54:22.070 corporate deliberations happen in the sandbox, 00:54:22.429 --> 00:54:26.409 they get projected onto the community who would 00:54:26.409 --> 00:54:29.170 like to do something different, and then they 00:54:29.170 --> 00:54:31.389 apply their voting power to ensure that it goes 00:54:31.389 --> 00:54:35.570 through. But I don't think that that is the right 00:54:35.570 --> 00:54:38.210 course here. I think that the governing body 00:54:38.210 --> 00:54:41.750 should continue. Special counsel and advisory 00:54:41.750 --> 00:54:46.110 board elections should happen. I understand. 00:54:47.699 --> 00:54:50.320 That Robbie doesn't seem like he shares that 00:54:50.320 --> 00:54:54.820 point of view. But he seems like a very reasonable 00:54:54.820 --> 00:54:58.099 person. Robbie seems like he's got his stuff 00:54:58.099 --> 00:55:03.760 together. He seems like he is ready to take the 00:55:03.760 --> 00:55:05.519 bull by the horns. He is taking the bull by the 00:55:05.519 --> 00:55:09.860 horns and trying to right the ship. I can't blame 00:55:09.860 --> 00:55:12.099 him. I can't blame him at all for what he's doing. 00:55:12.239 --> 00:55:15.260 I just... I wish that there were other people 00:55:15.260 --> 00:55:18.840 in the room to advise him of information I don't 00:55:18.840 --> 00:55:22.480 think he's getting. So this podcast episode is 00:55:22.480 --> 00:55:25.199 an attempt to do that. It's an attempt to convey 00:55:25.199 --> 00:55:28.199 another point of view, which is based in rational 00:55:28.199 --> 00:55:31.280 mathematics. I can demonstrate a lot of the stuff 00:55:31.280 --> 00:55:34.940 that I'm saying. I can prove it. And this podcast, 00:55:35.760 --> 00:55:40.659 Sandow podcast, I went to great lengths to prove 00:55:40.659 --> 00:55:43.369 a lot of the stuff that I'm saying. with numbers. 00:55:43.710 --> 00:55:47.369 And I think that the governing body should continue 00:55:47.369 --> 00:55:52.489 and that we can demonstrate performance if we 00:55:52.489 --> 00:55:54.929 did have special council elections, if we did 00:55:54.929 --> 00:55:57.550 have advisory board elections. Not every seat's 00:55:57.550 --> 00:55:59.989 going to be filled, by the way, so just manage 00:55:59.989 --> 00:56:02.630 expectations right up front. Maybe not five members 00:56:02.630 --> 00:56:07.289 will nominate themselves, but three is enough. 00:56:07.510 --> 00:56:10.909 Two is enough. If it were just me nominating 00:56:10.909 --> 00:56:13.510 myself, I know for a fact two other people who 00:56:13.510 --> 00:56:16.449 want to nominate themselves. That's three members 00:56:16.449 --> 00:56:18.610 right there. Myself and the two other people. 00:56:20.570 --> 00:56:24.269 Three people who are charged to make a difference 00:56:24.269 --> 00:56:27.590 in the ecosystem. We can start with the authority 00:56:27.590 --> 00:56:30.150 granted by the DAO. We can start really moving 00:56:30.150 --> 00:56:33.190 the numbers on participation and involvement. 00:56:33.510 --> 00:56:38.800 And sip, sip stuff that... Matters to the ecosystem 00:56:38.800 --> 00:56:42.239 that addresses player retention, that gives features 00:56:42.239 --> 00:56:47.019 and tool sets that people will use. So that's 00:56:47.019 --> 00:56:49.500 my plea. I'm not sure anyone will hear me. I'm 00:56:49.500 --> 00:56:51.820 not sure the Sandbox team will hear me. I hope 00:56:51.820 --> 00:56:55.300 they will at least, you know, hear out the community 00:56:55.300 --> 00:56:57.920 before you pause something that so many of us 00:56:57.920 --> 00:57:03.980 put blood, sweat, and tears into. So there it 00:57:03.980 --> 00:57:08.719 is. I'll end here with something that Seb posted. 00:57:09.699 --> 00:57:13.480 Seb posted a follow -up to the AMA yesterday, 00:57:13.599 --> 00:57:16.880 and he wrote... Actually, I think I linked it. 00:57:16.960 --> 00:57:26.059 I sure did. Let's look at it. So, Seb, who's 00:57:26.059 --> 00:57:29.059 a global brand ambassador now for the Sandbox, 00:57:29.199 --> 00:57:33.010 used to be COO. chief operating officer of the 00:57:33.010 --> 00:57:36.630 sandbox beloved throughout the community seb 00:57:36.630 --> 00:57:41.809 posted this after the fact and i'm going to read 00:57:41.809 --> 00:57:47.070 through some of it as we discussed and as we 00:57:47.070 --> 00:57:51.150 discussed sip39 now up for vote on pausing the 00:57:51.150 --> 00:57:53.349 sandbox style after 1 .5 years of operations 00:57:53.349 --> 00:57:56.050 i want to take a moment to recognize the incredible 00:57:56.050 --> 00:57:59.670 contributions of the sanfam community thank you 00:57:59.670 --> 00:58:03.119 sub Creators, special counsel, advisory board, 00:58:03.260 --> 00:58:05.500 delegates, and of course, the SandboxDAO team. 00:58:07.019 --> 00:58:08.900 Which, by the way, the delegates are not paid, 00:58:09.059 --> 00:58:12.179 and they participate a lot. Anyways, let's keep 00:58:12.179 --> 00:58:14.480 going. Building a decentralized governance framework 00:58:14.480 --> 00:58:16.679 for a creator -first digital nation has been 00:58:16.679 --> 00:58:20.800 a bold experiment. That it has. Rich in learnings, 00:58:20.800 --> 00:58:23.340 collaboration, and collective effort. Absolutely. 00:58:24.320 --> 00:58:27.139 Over the past months, we've also shared the vision 00:58:27.139 --> 00:58:29.880 for Sandbox Game 3 .0, which I'm supportive of. 00:58:30.250 --> 00:58:33.190 So many of us are supportive of that. Introduced 00:58:33.190 --> 00:58:35.690 Corners Internet, an on -chain, incentive -driven 00:58:35.690 --> 00:58:38.610 approach to content discovery. I looked at it. 00:58:39.710 --> 00:58:42.250 I'll try and involve myself in it. And launched 00:58:42.250 --> 00:58:44.630 Sandchain, which most of us are trying to figure 00:58:44.630 --> 00:58:46.929 out how to involve ourselves in. So that would 00:58:46.929 --> 00:58:50.630 be helpful. On Testnet, to expand participation 00:58:50.630 --> 00:58:53.809 beyond gaming and unlock new economic surfaces 00:58:53.809 --> 00:58:59.380 for creators, communities, and curators. By the 00:58:59.380 --> 00:59:01.960 way, that surface is just like expanding the 00:59:01.960 --> 00:59:07.480 generic part of the sandbox to be more utilitarian, 00:59:07.679 --> 00:59:10.360 to give more utility on what we were talking 00:59:10.360 --> 00:59:15.039 about earlier. Creator tools, especially AI mobile, 00:59:15.219 --> 00:59:18.539 remain a top priority with more to come. This 00:59:18.539 --> 00:59:22.920 was in response to the Sandbox DAO publishing 00:59:22.920 --> 00:59:27.179 that they published a discussion port of SIF39. 00:59:28.269 --> 00:59:37.909 In the sandbox forms. So. Yeah. I'm sad. I'm 00:59:37.909 --> 00:59:41.809 disappointed. I understand how we got here. I'm 00:59:41.809 --> 00:59:44.849 not at all opposed. To trying something new. 00:59:46.050 --> 00:59:49.489 Yep makes sense. And being in Robbie's position. 00:59:50.530 --> 00:59:52.730 I can understand. He seems like a very level 00:59:52.730 --> 00:59:57.190 headed person. I hope that he hears this. I hope 00:59:57.190 --> 01:00:00.000 that. the sandbox team tells him about this stuff 01:00:00.000 --> 01:00:03.900 that it doesn't have to be all or nothing and 01:00:03.900 --> 01:00:09.360 pausing the now. So this realignment discussion 01:00:09.360 --> 01:00:13.519 here will, uh, I'll, I think I went over the 01:00:13.519 --> 01:00:16.300 highlights of it. Um, where it started in August, 01:00:16.340 --> 01:00:19.659 2025, the big whales article, gaming dailies 01:00:19.659 --> 01:00:23.059 article, Kate Irwin's tweet, uh, wrath blocks 01:00:23.059 --> 01:00:28.420 tweet. And then, uh, yes. article and Cointelegraph 01:00:28.420 --> 01:00:32.739 and Sandbox statements, Arthur statements, Robbie 01:00:32.739 --> 01:00:35.739 statements. I think we went over that to the 01:00:35.739 --> 01:00:37.920 degree. I don't need to go over it again here. 01:00:38.940 --> 01:00:41.559 So I'll just scroll through it. Go ahead and 01:00:41.559 --> 01:00:45.280 pause it if on the playback, if that's something 01:00:45.280 --> 01:00:48.619 that you'd like to read into. I didn't see any 01:00:48.619 --> 01:00:53.179 community questions. I'll check the chat. No 01:00:53.179 --> 01:00:56.000 community questions. I don't have any open topics. 01:00:56.380 --> 01:01:01.239 So let's go ahead and outro. We just finished 01:01:01.239 --> 01:01:06.639 episode 67. Episode 68 will happen very soon. 01:01:07.380 --> 01:01:11.440 Actually, episode 68 is going to be an interview 01:01:11.440 --> 01:01:15.099 with Sebastian Bourget. So I need to go and fix 01:01:15.099 --> 01:01:17.880 that part here. And then that means episode 69 01:01:17.880 --> 01:01:22.289 will be a read -through of SIP 39. When it goes 01:01:22.289 --> 01:01:24.929 to snapshot. Because that's when the real vote 01:01:24.929 --> 01:01:27.849 happens. And all the changes. Would have been 01:01:27.849 --> 01:01:30.250 made to it. So what I really hope though. If 01:01:30.250 --> 01:01:34.429 you're watching Sandbox Team. Is please consider. 01:01:35.130 --> 01:01:44.369 Removing. Sip 36. From the. From the pausing. 01:01:46.110 --> 01:01:50.340 Right. Sip 36. Let the GBA. Land estate one, 01:01:50.440 --> 01:01:53.880 go through, please, because we want that. A lot 01:01:53.880 --> 01:01:57.260 of us need that. We still have estates that we 01:01:57.260 --> 01:02:00.699 want to trade. I would love to buy more, ironically 01:02:00.699 --> 01:02:02.780 enough, because I don't believe the sandbox is 01:02:02.780 --> 01:02:06.179 over. I am a true believer of it. So there are 01:02:06.179 --> 01:02:09.840 some estates that I might want to grab, and this 01:02:09.840 --> 01:02:12.719 is a safe way to do that. Please, please let 01:02:12.719 --> 01:02:17.599 SIP36 land estate sales go through. It is a tool 01:02:17.599 --> 01:02:20.670 outside of the DAO. It functions within the Sandbox 01:02:20.670 --> 01:02:24.610 Game website. So, please. And also let the Governing 01:02:24.610 --> 01:02:31.710 Body continue. Anyways. So, episode 68, which 01:02:31.710 --> 01:02:36.050 is going to happen this Friday on the 6th, will 01:02:36.050 --> 01:02:46.829 be a return of Seb Bourget, global brand ambassador 01:02:46.829 --> 01:02:52.030 of the Sandbox. It's going to be a pretty, it'd 01:02:52.030 --> 01:02:54.150 be great. I'm literally looking forward to it. 01:02:54.250 --> 01:02:56.670 It's not, it won't really be confrontational. 01:02:56.670 --> 01:02:59.489 That's not my style in these interviews to begin 01:02:59.489 --> 01:03:04.849 with. Seb has earned enormous respect. He's earned 01:03:04.849 --> 01:03:07.969 his place in the community. He's beloved by most, 01:03:08.110 --> 01:03:12.030 almost everybody in the community because he's 01:03:12.030 --> 01:03:15.489 just an advocate. He is a believer. He had. He 01:03:15.489 --> 01:03:17.730 travels probably once a week to a different country. 01:03:17.789 --> 01:03:19.949 It almost seems like he's at every conference 01:03:19.949 --> 01:03:23.210 and he does interviews and he represents the 01:03:23.210 --> 01:03:25.949 sandbox all the time. So I'm looking forward 01:03:25.949 --> 01:03:30.750 to that. I really, it's going to be, I'll try 01:03:30.750 --> 01:03:33.010 to make it lighthearted, but given what's going 01:03:33.010 --> 01:03:35.010 on right now, you know, there'll be some discussions 01:03:35.010 --> 01:03:36.969 about like, Hey, what are your, what are your 01:03:36.969 --> 01:03:39.929 thoughts on this or that? And, but I don't expect 01:03:39.929 --> 01:03:42.690 it to be confrontational at all. He's, he's a 01:03:42.690 --> 01:03:45.619 friend. of the community and he'll be treated 01:03:45.619 --> 01:03:49.699 as such. So yeah, I mean, and I would love to, 01:03:49.739 --> 01:03:53.800 to, to interview Robbie. Um, I'm still trying 01:03:53.800 --> 01:03:56.559 to interview yet. Uh, but if Robbie you're watching, 01:03:56.739 --> 01:03:59.320 I would love to host you on the show. I would 01:03:59.320 --> 01:04:01.219 love to interview you. It won't be confrontational. 01:04:01.539 --> 01:04:03.840 You'll be treated, um, just like everybody else 01:04:03.840 --> 01:04:06.139 does. You can look at all of the, how many interviews 01:04:06.139 --> 01:04:08.739 have we done? 30 interviews, I think on this 01:04:08.739 --> 01:04:13.559 podcast. And, um, I respect. how you're approaching 01:04:13.559 --> 01:04:16.519 things. You seem like you genuinely care about 01:04:16.519 --> 01:04:18.960 the Sandbox ecosystem. And now you have a vision 01:04:18.960 --> 01:04:21.519 for what it should be. And as CEO, you're imbued 01:04:21.519 --> 01:04:25.460 with the authority to refocus resources to that 01:04:25.460 --> 01:04:28.360 end. I don't want to stand in the way of that. 01:04:29.199 --> 01:04:31.300 That's not why I would want to interview you. 01:04:31.340 --> 01:04:33.380 I want to interview you to understand so the 01:04:33.380 --> 01:04:35.659 community can understand what's happening. And 01:04:35.659 --> 01:04:39.219 there'll be a few questions about what was behind 01:04:39.219 --> 01:04:43.269 the approach? Why pause the whole DAO? Why not 01:04:43.269 --> 01:04:46.329 continue just the governing bodies, even in a 01:04:46.329 --> 01:04:49.690 reduced capacity? I know that there's good answers 01:04:49.690 --> 01:04:51.389 for it. There's rationale. You didn't arrive 01:04:51.389 --> 01:04:56.190 at this spot just by randomly deciding I want 01:04:56.190 --> 01:04:58.289 to go this route or that route. I know you have 01:04:58.289 --> 01:05:02.550 reasoning for it. I've listened to a number of 01:05:02.550 --> 01:05:07.610 your interviews. Most recently was the one I 01:05:07.610 --> 01:05:10.429 just watched last night. It was the one where 01:05:10.429 --> 01:05:14.320 you were in. the london cafe um eating with the 01:05:14.320 --> 01:05:17.039 the other individual uh give me a second let 01:05:17.039 --> 01:05:22.260 me yeah it was one of your restaurants not far 01:05:22.260 --> 01:05:25.179 from your office and that was your words by the 01:05:25.179 --> 01:05:32.000 way i'm not saying that because i um growing 01:05:32.000 --> 01:05:37.300 podcast it was growing podcast oh no it was off 01:05:37.300 --> 01:05:42.960 script off script with uh ton So, um, were you, 01:05:43.000 --> 01:05:46.940 were you eating together in London? So I just 01:05:46.940 --> 01:05:50.519 watched that and, and just, it seems like a well 01:05:50.519 --> 01:05:52.880 -spoken individual. It seems like someone who 01:05:52.880 --> 01:05:58.920 cares about the sandbox ecosystem and, um, yeah, 01:05:59.019 --> 01:06:03.800 I would love to interview Robbie and just understand 01:06:03.800 --> 01:06:09.490 what's happening because right now, um, Hearing 01:06:09.490 --> 01:06:12.030 these X -spaces for 30 minutes with questions 01:06:12.030 --> 01:06:14.909 that are prepared, I think, by people other than 01:06:14.909 --> 01:06:18.670 the community is not really hitting the nail 01:06:18.670 --> 01:06:25.590 on the head. It is somewhat addressing the need 01:06:25.590 --> 01:06:30.610 for transparency, but it doesn't really get us 01:06:30.610 --> 01:06:33.670 there to the extent that we're looking for. There's 01:06:33.670 --> 01:06:36.489 obvious questions that need to be asked, in my 01:06:36.489 --> 01:06:42.289 opinion. That would help illuminate what's really 01:06:42.289 --> 01:06:44.809 going on here. And that's not to say that there's 01:06:44.809 --> 01:06:48.389 something nefarious going on. Not at all. Like 01:06:48.389 --> 01:06:50.889 I said, this sounds like there's some good rationale 01:06:50.889 --> 01:06:53.349 for it. But it's not obvious why these tradeoffs 01:06:53.349 --> 01:06:57.309 are being made at this time in this manner. When 01:06:57.309 --> 01:07:00.849 there are other less intense solutions that are 01:07:00.849 --> 01:07:05.679 immediately... that are immediate to a lot of 01:07:05.679 --> 01:07:07.119 us in the community that have been here for a 01:07:07.119 --> 01:07:10.519 while. Something like special council elections. 01:07:11.739 --> 01:07:16.440 So yeah, I'd like to do that if possible. And 01:07:16.440 --> 01:07:18.559 if not, then I'll just work with the information 01:07:18.559 --> 01:07:26.440 I have and review SIP 39. Then we'll do a review 01:07:26.440 --> 01:07:31.320 of Sandbox DAO here in 2026. Because by that 01:07:31.320 --> 01:07:34.000 point, I'll probably wait until two weeks are 01:07:34.000 --> 01:07:36.559 done with the voting. And if the DAO is paused, 01:07:36.840 --> 01:07:39.599 then I'll just do a closing review of the Sandbox 01:07:39.599 --> 01:07:42.340 DAO, all the SIPs that we did. I just finished 01:07:42.340 --> 01:07:45.820 preparing that model. I put it in the, I put 01:07:45.820 --> 01:07:48.699 it actually in the chat here for the forum post. 01:07:49.440 --> 01:07:55.360 But, you know, oh, I put like here, I prepared 01:07:55.360 --> 01:07:58.059 this very big spreadsheet about all the SIPs. 01:07:58.489 --> 01:08:02.469 and did quite a bit of research and data crunching 01:08:02.469 --> 01:08:06.090 on yes, no, the no vote, how much the SIP was 01:08:06.090 --> 01:08:09.690 worth at the time for the exchange rate that 01:08:09.690 --> 01:08:11.750 day of. So that's how I came up with a lot of 01:08:11.750 --> 01:08:14.150 these numbers. So I'm going to do kind of like 01:08:14.150 --> 01:08:18.229 a review of the sandbox DAO at the end of it 01:08:18.229 --> 01:08:20.470 all. And then I'll do a review of this podcast 01:08:20.470 --> 01:08:26.409 after 60 plus episodes. Yeah, I'm going to do 01:08:26.409 --> 01:08:30.050 a review. And then... If the DAO decides to pause, 01:08:30.329 --> 01:08:33.890 I think Sandow podcast will likely pause with 01:08:33.890 --> 01:08:37.590 it. Because this podcast is dedicated to the 01:08:37.590 --> 01:08:42.430 Sandbox DAO. Like I mentioned, I'm not going 01:08:42.430 --> 01:08:45.289 to probably get to the accidental sniping of 01:08:45.289 --> 01:08:48.529 a fellow ape when you last broke the Guinness 01:08:48.529 --> 01:08:51.850 World Record that I broke 10 years ago. I went 01:08:51.850 --> 01:08:54.810 over that last episode a little bit. But in the 01:08:54.810 --> 01:08:56.670 review of the Sandbox DAO podcast, maybe I'll 01:08:56.670 --> 01:08:58.819 touch on it briefly. I don't think I'll get to 01:08:58.819 --> 01:09:02.479 interviewing Mo at this point. It might be overcome 01:09:02.479 --> 01:09:05.020 by events. And I don't think I'm going to get 01:09:05.020 --> 01:09:08.140 to the Sandbox ecosystem and the DAO or the business 01:09:08.140 --> 01:09:13.100 of being in the Sandbox ecosystem, although I 01:09:13.100 --> 01:09:15.560 touched on it a little bit in this episode. So 01:09:15.560 --> 01:09:20.159 I think that's where I'll end it. I'm sad. I'm 01:09:20.159 --> 01:09:22.899 bummed. I'm disappointed. And anyone who's been 01:09:22.899 --> 01:09:27.579 in the Sandbox DAO, A lot of us feel the same 01:09:27.579 --> 01:09:31.659 way. So for sandbox spaces, where do we congregate? 01:09:31.659 --> 01:09:34.220 We're in the sandbox DAO forums. We're in the 01:09:34.220 --> 01:09:38.340 sandbox game discord under the DAO discussion 01:09:38.340 --> 01:09:42.640 channel. Hashtag SanFam, hashtag sandbox DAO, 01:09:42.720 --> 01:09:45.920 hashtag sandbox game. Arash Selective and Metaverse 01:09:45.920 --> 01:09:49.539 Editor push out content for the sandbox DAO. 01:09:49.880 --> 01:09:54.439 Metaverse Editor does some awesome, awesome newsreels 01:09:54.439 --> 01:09:59.369 type stuff. And Arrest Selective does some summary 01:09:59.369 --> 01:10:02.529 tweets about things that are happening in the 01:10:02.529 --> 01:10:06.569 Sandbox DAO. Also, at the Sandbox DAO, YouTube, 01:10:06.710 --> 01:10:08.289 which has been a little bit silent recently, 01:10:08.569 --> 01:10:12.010 so Digging the Sand podcast hasn't had an episode 01:10:12.010 --> 01:10:16.310 in a while. And then Sandow podcast, which is 01:10:16.310 --> 01:10:19.109 the thing you're listening to right now. Also, 01:10:19.189 --> 01:10:21.090 there's Bulls on the Block on Saturday. They 01:10:21.090 --> 01:10:24.170 continue to keep cooking. They have an estate. 01:10:24.750 --> 01:10:28.750 within the Sandbox DAO, and also a number of 01:10:28.750 --> 01:10:32.090 Sandbox people have overlap in that community. 01:10:32.489 --> 01:10:36.750 Also on Tuesdays, Whale Members. Whale Members, 01:10:37.989 --> 01:10:40.850 Whale DAO, is one of the largest landowners in 01:10:40.850 --> 01:10:43.270 the Sandbox. We interviewed them in episode 61, 01:10:43.590 --> 01:10:45.630 whereas we interviewed the Bulls on the Block 01:10:45.630 --> 01:10:50.630 in episode 7. And check them out on Tuesdays 01:10:50.630 --> 01:10:53.229 on X, and then Bulls on the Block is Saturdays 01:10:53.229 --> 01:10:58.060 on X. Check them out. And last but not least, 01:10:58.279 --> 01:11:03.039 we will find someone to raid on Twitch so that 01:11:03.039 --> 01:11:11.000 we can pay it forward to someone else. Who do 01:11:11.000 --> 01:11:12.640 we have on? Is there anyone from the Sandbox 01:11:12.640 --> 01:11:15.720 on right now? No, there's not. It's unfortunate. 01:11:15.859 --> 01:11:19.199 There used to be a lot of other streamers for 01:11:19.199 --> 01:11:23.140 the Sandbox, but it's been gone down a lot lately. 01:11:23.600 --> 01:11:29.680 It's just been a drawdown. Which is a bummer. 01:11:29.760 --> 01:11:39.359 So let's raid a friend of ours. Here we go. Raid 01:11:39.359 --> 01:11:49.100 has started. This was episode 67. A reaction 01:11:49.100 --> 01:11:54.779 of the Dao Pa's sip. and all the things that 01:11:54.779 --> 01:11:59.920 led up to it. From August 2025, when Robbie came 01:11:59.920 --> 01:12:03.680 on as the new CEO, the realignment, and then 01:12:03.680 --> 01:12:06.699 the X -Base in December explaining the way forward, 01:12:06.800 --> 01:12:09.220 and now the X -Base from yesterday explaining 01:12:09.220 --> 01:12:14.819 what's to come for the Sandbox DAO vote. Thank 01:12:14.819 --> 01:12:15.699 you for your time, Sam Fam.