WEBVTT

00:00:04.400 --> 00:00:08.500
Hello everyone, Lancer here, Sandow Podcast,

00:00:09.140 --> 00:00:16.140
episode 71. We are 71 in. Today we'll be doing

00:00:16.140 --> 00:00:20.320
a review of the Sandbox DAO from 2024 when it

00:00:20.320 --> 00:00:25.399
started, all the way to 2026 to now when it has

00:00:25.399 --> 00:00:32.979
paused. The scope of the talk today is a review.

00:00:34.000 --> 00:00:43.159
While I do a little bit of refilling here. Today

00:00:43.159 --> 00:00:48.719
is a review of all the sandboxed out and a bit

00:00:48.719 --> 00:00:52.299
of a, like a documented archive. Now I'm not

00:00:52.299 --> 00:00:55.340
sure if the sandboxed out itself, like the tech

00:00:55.340 --> 00:00:57.700
stack will go offline and disappear from public

00:00:57.700 --> 00:01:01.700
view, similar to the YouTube channel. You can

00:01:01.700 --> 00:01:06.299
stand podcasted. This is a video to help preserve

00:01:06.299 --> 00:01:10.780
that, because the sandbox style was a big success

00:01:10.780 --> 00:01:15.340
for what it was, and I'd like to pay homage to

00:01:15.340 --> 00:01:22.060
that. So, got my blueberry wine, and let's roll

00:01:22.060 --> 00:01:26.219
right into this. I do not represent the Sandbox

00:01:26.219 --> 00:01:29.500
Game or the Sandbox Foundation. I am not your

00:01:29.500 --> 00:01:32.359
financial or legal advisor. Nothing I say is

00:01:32.359 --> 00:01:35.519
to be taken as financial or legal advice. When

00:01:35.519 --> 00:01:37.599
I use the word SIP, I'm talking about the Sandbox

00:01:37.599 --> 00:01:40.400
Improvement Proposal. When I say the word DAO,

00:01:40.480 --> 00:01:42.480
I mean Decentralized Autonomous Organization.

00:01:43.739 --> 00:01:46.200
If you ever hear me say the word SanFam, I'm

00:01:46.200 --> 00:01:48.599
talking about the Sandbox community, those who

00:01:48.599 --> 00:01:51.340
participate in the people, product, and purpose

00:01:51.340 --> 00:01:54.560
of the Sandbox ecosystem. That ecosystem looks

00:01:54.560 --> 00:01:56.700
a little bit like this. We covered it originally

00:01:56.700 --> 00:02:00.959
in episode 31. And the people side... You have

00:02:00.959 --> 00:02:03.239
everywhere from the gamers to the Sandbox team.

00:02:03.459 --> 00:02:05.579
The product side, you have everything from the

00:02:05.579 --> 00:02:08.539
game client to the DAO itself. Purpose is what

00:02:08.539 --> 00:02:10.740
was originally mentioned in the 2020 white paper

00:02:10.740 --> 00:02:14.060
and expanded upon by the co -founders and CEOs

00:02:14.060 --> 00:02:20.000
of the leadership for Sandbox and Animoca. That

00:02:20.000 --> 00:02:22.340
equals the ecosystem. It goes round and round

00:02:22.340 --> 00:02:27.039
every single day. Today's episode will be about

00:02:27.039 --> 00:02:30.860
the DAO itself. And because this is one of the

00:02:30.860 --> 00:02:35.639
final episodes of the Sandbox DAO and the Sandow

00:02:35.639 --> 00:02:38.520
podcast itself, here is an alternative view,

00:02:38.620 --> 00:02:41.219
something I did originally brief in episode 31,

00:02:41.360 --> 00:02:43.520
which kind of shows it from a different lens,

00:02:43.659 --> 00:02:48.340
how the products all flow into the product side

00:02:48.340 --> 00:02:51.060
and the white paper flows into the purpose side

00:02:51.060 --> 00:02:57.439
and the people all flow into the people side.

00:02:57.719 --> 00:02:59.870
There's Sandfam right there. and the ecosystem

00:02:59.870 --> 00:03:04.909
in the middle if you'd like to learn more about

00:03:04.909 --> 00:03:07.710
the sandbox dow you can go to the dow education

00:03:07.710 --> 00:03:11.310
hub and the sandbox map play a gamified version

00:03:11.310 --> 00:03:16.710
of it location is 2 comma negative 154. it's

00:03:16.710 --> 00:03:20.469
down in the lower left hand corner where jurassic

00:03:20.469 --> 00:03:23.210
world is if you go to jurassic world and then

00:03:23.210 --> 00:03:27.039
you head up to the top right of Jurassic World

00:03:27.039 --> 00:03:29.120
there, you'll see Sandbox DAO, and inside that

00:03:29.120 --> 00:03:31.860
is the gamified version called the DAO Education

00:03:31.860 --> 00:03:40.180
Hub. Check that out. It was a result of one of

00:03:40.180 --> 00:03:43.680
the request for proposals that went out a little

00:03:43.680 --> 00:03:47.280
bit. MetaWorlds didn't win that one, and we produced

00:03:47.280 --> 00:03:50.159
the DAO Education Hub. Everywhere from learning

00:03:50.159 --> 00:03:53.240
about the set process to all the cool stuff about

00:03:53.240 --> 00:03:56.830
the DAO. I'm your host, Lancer. And I run the

00:03:56.830 --> 00:04:00.969
MetaWorlds team. We've been landowners, avatar,

00:04:01.349 --> 00:04:04.629
and we're a studio within the Sandbox game where

00:04:04.629 --> 00:04:08.349
we've produced three different experiences. The

00:04:08.349 --> 00:04:13.169
Floor Droppers, which was in Alpha Season 5,

00:04:13.389 --> 00:04:16.370
I believe, and it was in the top 10 of a major

00:04:16.370 --> 00:04:21.610
contest. And also Lava Defense, which was a GameMakers

00:04:21.610 --> 00:04:26.220
Fund 2024 awardee. And then DAO Education Hub,

00:04:26.300 --> 00:04:33.199
which was a SIP winner for the Sandbox DAO. All

00:04:33.199 --> 00:04:39.160
right. So what is the agenda today? We have three

00:04:39.160 --> 00:04:42.540
agenda items. We're going to review the Sandbox

00:04:42.540 --> 00:04:45.980
DAO timeline. We're going to review the Sandbox

00:04:45.980 --> 00:04:48.060
DAO structure and budget. And we're going to

00:04:48.060 --> 00:04:53.199
review all 39 SIPs on Snapchat. So for number

00:04:53.199 --> 00:04:55.430
one, Reviewing the Dow timeline. That's going

00:04:55.430 --> 00:04:58.209
to start with when the Dow was originally announced.

00:04:58.490 --> 00:05:04.970
May of 2024. This Medium article. This Medium

00:05:04.970 --> 00:05:10.310
article right here. Two years ago. It seemed

00:05:10.310 --> 00:05:12.410
like such a long time. And then there was the

00:05:12.410 --> 00:05:18.029
NFC Lisbon. Here is this one here, which was

00:05:18.029 --> 00:05:21.209
that original announcement with Sebastian Bourget,

00:05:21.329 --> 00:05:25.699
Cyril Forte. Cyril Forte is the DAO administrator

00:05:25.699 --> 00:05:29.980
for the Sandbox DAO. So they announced the DAO

00:05:29.980 --> 00:05:33.980
at the conference there in NFC Lisbon, and all

00:05:33.980 --> 00:05:36.319
the sips came online. It was a big grand entrance

00:05:36.319 --> 00:05:43.680
for the Sandbox. And, yeah, that's what began

00:05:43.680 --> 00:05:47.579
everything. And then, if we can, we'll cover

00:05:47.579 --> 00:05:50.680
our ending interviews with Cyril Forte back in

00:05:50.680 --> 00:05:56.410
episode... when I got to discuss a bit more behind

00:05:56.410 --> 00:06:00.889
the scenes with Cyril about how is progressive

00:06:00.889 --> 00:06:03.670
decentralization going and what his perspective

00:06:03.670 --> 00:06:05.829
was on the relationship between the Sandbox Foundation

00:06:05.829 --> 00:06:08.129
and the DAO. Covered a bunch of other things

00:06:08.129 --> 00:06:11.889
that were really, really insightful and educational.

00:06:12.370 --> 00:06:15.069
And it was definitely a long time coming. I really

00:06:15.069 --> 00:06:19.379
enjoyed that episode with Cyril. All right, and

00:06:19.379 --> 00:06:22.360
then also we just recently conducted an interview

00:06:22.360 --> 00:06:26.120
with the co -founder and global ambassador of

00:06:26.120 --> 00:06:30.899
the Sandbox, used to be the COO, Sebastian Bourget.

00:06:31.019 --> 00:06:33.879
We covered what does a typical day in life look

00:06:33.879 --> 00:06:36.180
like for him, what was his experience on the

00:06:36.180 --> 00:06:38.779
special counsel, why they maintained such a low

00:06:38.779 --> 00:06:43.300
profile the last one and a half years, and other

00:06:43.300 --> 00:06:46.720
things pertinent to the Dow pause that led to

00:06:46.720 --> 00:06:54.160
today's podcast. Take a look at episode 68 for

00:06:54.160 --> 00:07:01.740
that. All right. And then, as I said, we'll review

00:07:01.740 --> 00:07:05.399
DAO structure and review SIPs. And that will

00:07:05.399 --> 00:07:07.620
be our review of the Sandbox DAO for the last

00:07:07.620 --> 00:07:10.379
two years. So let's first delve into the Sandbox

00:07:10.379 --> 00:07:12.579
DAO timeline. Just kind of got to roll through

00:07:12.579 --> 00:07:14.339
this because a lot of this stuff we covered in

00:07:14.339 --> 00:07:19.009
previous episodes. So. The road to Dow. I've

00:07:19.009 --> 00:07:21.250
been keeping this one up to date as I've gone

00:07:21.250 --> 00:07:22.889
along. It used to be much bigger, but now I've

00:07:22.889 --> 00:07:25.689
pared it down to today's episode. And this is

00:07:25.689 --> 00:07:28.430
covering all the major events that happened since

00:07:28.430 --> 00:07:36.029
the grand inception in 2024. All right, so the

00:07:36.029 --> 00:07:40.850
first thing happened May 28th, 2024. It was Dow

00:07:40.850 --> 00:07:45.680
was announced via a Medium article. All three

00:07:45.680 --> 00:07:50.519
SIPs, five SIPs, but the founding SIPs were available

00:07:50.519 --> 00:07:53.519
to vote that day. So what we're talking about

00:07:53.519 --> 00:07:56.300
here is this Medium article, the Sandbox DAO

00:07:56.300 --> 00:07:58.540
vote on the future of the metaverse. It came

00:07:58.540 --> 00:08:11.259
out, and the vast majority of the Sandbox gaming

00:08:11.259 --> 00:08:14.399
community most of us were gamers, had no idea

00:08:14.399 --> 00:08:16.459
what a DAO was. So first we had to learn what

00:08:16.459 --> 00:08:18.819
a DAO was. This article helped a little bit,

00:08:18.860 --> 00:08:21.779
but mostly we still didn't know what the DAO

00:08:21.779 --> 00:08:26.800
was by the end of it. So, you know, learning

00:08:26.800 --> 00:08:29.939
who the council members were and the advising,

00:08:30.199 --> 00:08:34.840
the advisory board, it was really, really helpful

00:08:34.840 --> 00:08:37.360
to know like what they were trying to communicate,

00:08:37.419 --> 00:08:39.419
but we still, most of us had no idea what a DAO

00:08:39.419 --> 00:08:45.100
was. So that happened. And then we had SIPs 1,

00:08:45.179 --> 00:08:53.700
2, and 3 come out. And those were SIPs 1, 2,

00:08:53.820 --> 00:08:59.519
and 3 showed. And SIP 1 was introducing the Sandbox

00:08:59.519 --> 00:09:04.840
DAO here. And we'll cover that later on in our

00:09:04.840 --> 00:09:08.299
coverings of everything. SIP 2 was the Sandbox

00:09:08.299 --> 00:09:12.549
Foundation. and SIP 3 was initial budget for

00:09:12.549 --> 00:09:16.570
the DAO. All right, the first time they popped

00:09:16.570 --> 00:09:22.169
DAO open, the SIPs accidentally counted, did

00:09:22.169 --> 00:09:25.850
not count land voting power. It was only counting

00:09:25.850 --> 00:09:27.809
sand voting power, so they had to resubmit it,

00:09:27.850 --> 00:09:30.389
hence why it says resubmitted there at the top.

00:09:32.389 --> 00:09:38.809
The initial reception to the May 28th was...

00:09:39.399 --> 00:09:41.759
mostly negative because the community did not

00:09:41.759 --> 00:09:44.419
feel involved in that announcement and i covered

00:09:44.419 --> 00:09:46.720
that quite a bit which is the whole reason why

00:09:46.720 --> 00:09:48.960
i launched the sandow podcast so episode one

00:09:48.960 --> 00:09:51.899
began with a panel of some well -known community

00:09:51.899 --> 00:09:55.820
members and so episode two and the first 10 episodes

00:09:55.820 --> 00:09:58.860
were pretty much like what is this what is a

00:09:58.860 --> 00:10:02.559
dow and talking different members trying to collectively

00:10:02.559 --> 00:10:06.100
come to a a consensus on what it was that we

00:10:06.100 --> 00:10:12.960
were being asked to do and so Yeah. Lots of confusion,

00:10:13.200 --> 00:10:15.740
lots of frustration. A lot of the community members

00:10:15.740 --> 00:10:20.120
did not feel like they were really being asked

00:10:20.120 --> 00:10:22.080
to participate as community and voters, more

00:10:22.080 --> 00:10:25.720
like kind of being strung along. That did improve

00:10:25.720 --> 00:10:28.220
over time, but it did take quite a bit of time.

00:10:28.279 --> 00:10:33.019
And it wasn't until really October when the new

00:10:33.019 --> 00:10:34.919
communications manager came on, Bobby Kunta,

00:10:35.039 --> 00:10:38.250
that that improved. So that was May 28th, 2024.

00:10:38.649 --> 00:10:42.649
May 29th, SandboxDAO had that fireside chat at

00:10:42.649 --> 00:10:47.230
NFC Lisbon. That was that YouTube video that

00:10:47.230 --> 00:10:51.710
I showed there briefly of them showing, explaining

00:10:51.710 --> 00:10:55.090
what the DAO was and all that sorts of things.

00:10:55.230 --> 00:10:58.590
It was mostly a publicity type thing. And so

00:10:58.590 --> 00:11:00.830
it didn't really clarify to the rest of the community

00:11:00.830 --> 00:11:02.909
who was already familiar with the SandboxDAO

00:11:02.909 --> 00:11:10.809
what exactly it was. So we just kind of had to

00:11:10.809 --> 00:11:14.289
stay along for the ride and work within the confines

00:11:14.289 --> 00:11:18.909
of this new and improved sandbox ecosystem, which,

00:11:19.029 --> 00:11:23.409
as I showed y 'all earlier, was these things

00:11:23.409 --> 00:11:25.750
right here, right? But this one over here in

00:11:25.750 --> 00:11:30.169
the DAO, it didn't exist. It didn't exist. So

00:11:30.169 --> 00:11:31.870
no one knew really what it was. And then suddenly,

00:11:31.990 --> 00:11:35.309
boop, there it is. And now it's part of our ecosystem.

00:11:36.090 --> 00:11:39.909
I loved it immediately because the DAO to me

00:11:39.909 --> 00:11:43.110
is the perfect combination of gaming, governance,

00:11:43.450 --> 00:11:46.750
leadership, and business. And I loved all of

00:11:46.750 --> 00:11:49.309
those things. So the DAO to me represents the

00:11:49.309 --> 00:11:51.830
intersection of almost everything I love and

00:11:51.830 --> 00:11:55.690
have a passion for. Hence why I've done 71 episodes

00:11:55.690 --> 00:11:58.730
for the Sandow podcast, which is all about the

00:11:58.730 --> 00:12:08.600
Sandbox DAO. Yep. So that was May 29th. Now,

00:12:08.679 --> 00:12:12.679
June 13th is when SIFs 1, 2, and 3 were resubmitted.

00:12:12.940 --> 00:12:15.559
So it was, you know, what's that, like 13 days

00:12:15.559 --> 00:12:18.299
later? They had to be resubmitted to count lands.

00:12:18.700 --> 00:12:20.379
Okay, so it was a little bit of a misstep, and

00:12:20.379 --> 00:12:23.480
that caused a lot of frustration and anger. It

00:12:23.480 --> 00:12:25.980
just kind of all compounded. All right, and then

00:12:25.980 --> 00:12:34.340
June... That must have been June 1st. Excuse

00:12:34.340 --> 00:12:38.120
me. So June 1st, it was resubmitted. Yeah. And

00:12:38.120 --> 00:12:41.539
then also in June 1st, Mochaverse Hall, led by

00:12:41.539 --> 00:12:46.539
GIsUs, hosts the first Sandow Twitter, Sandow,

00:12:46.559 --> 00:12:53.720
Sandbox DAO Twitter space. So if we look over

00:12:53.720 --> 00:13:02.000
here, here's X. Here it is. This is lore at this

00:13:02.000 --> 00:13:05.870
point. Here it is, Mochaverse Hall. And they

00:13:05.870 --> 00:13:07.870
have since discontinued that. And for a long

00:13:07.870 --> 00:13:11.149
time, they were included on my Spaces portion

00:13:11.149 --> 00:13:13.929
at the very end of every podcast. So you can

00:13:13.929 --> 00:13:17.269
still see them grayed out over here on this slide

00:13:17.269 --> 00:13:20.629
right here. But they discontinued that quite

00:13:20.629 --> 00:13:23.750
some time ago. But for a while, they were one

00:13:23.750 --> 00:13:28.769
of the main Sandbox DAO hubs and also Mochaverse

00:13:28.769 --> 00:13:34.710
Hall hubs for community every week. But that's

00:13:34.710 --> 00:13:39.529
no longer the case. So it was on a Saturday.

00:13:39.669 --> 00:13:41.990
I was there. A lot of other people were there.

00:13:42.210 --> 00:13:45.149
And we all were, most of us, including myself,

00:13:45.370 --> 00:13:48.730
were like, what is this? What are we doing? What

00:13:48.730 --> 00:13:50.289
are we doing here? What am I supposed to do?

00:13:50.970 --> 00:13:53.809
But it did help a lot, talking to people about

00:13:53.809 --> 00:13:57.269
what a DAO was, what voting was, what to expect.

00:13:57.509 --> 00:13:59.029
And that's where I started learning how much

00:13:59.029 --> 00:14:05.350
I would really, really love this. Yeah, Big Bull

00:14:05.350 --> 00:14:10.509
responded back to it. All right. And then June

00:14:10.509 --> 00:14:15.049
4th, the DAO hosts an AMA. And by DAO, I mean

00:14:15.049 --> 00:14:22.330
the Sandbox DAO admin team and also the DAO Sandbox

00:14:22.330 --> 00:14:25.389
game company hosts an AMA. They try to clarify

00:14:25.389 --> 00:14:28.690
what's happening. Right in there, you can see

00:14:28.690 --> 00:14:31.320
right below that, G is us. Here's his invitation

00:14:31.320 --> 00:14:36.360
to their weekly discussion space. So there's

00:14:36.360 --> 00:14:39.759
an AMA to try and clarify what this is and kind

00:14:39.759 --> 00:14:41.960
of tamp down some of the anger that was happening

00:14:41.960 --> 00:14:47.240
at the time. So then Dr. Metaverso hosts an AMA,

00:14:47.240 --> 00:14:48.820
and it was more of like a community AMA. That

00:14:48.820 --> 00:14:51.799
one helped clarify a lot of stuff. This one was

00:14:51.799 --> 00:14:54.860
by Dr. Metaverso, who is a well -known voice

00:14:54.860 --> 00:14:58.730
in the community. He asked a lot of questions

00:14:58.730 --> 00:15:01.769
that the community were asking and try to clarify

00:15:01.769 --> 00:15:04.929
a lot of stuff that, Oh yeah, there's, there's

00:15:04.929 --> 00:15:08.129
my response two years ago, but a lot of stuff

00:15:08.129 --> 00:15:13.769
that, um, that needed to be said and needed to

00:15:13.769 --> 00:15:17.169
hear answers from. Uh, so it must, uh, the replay

00:15:17.169 --> 00:15:19.409
bug must have, must have hit there. So we can't

00:15:19.409 --> 00:15:22.210
really look at it. All right. So that was the

00:15:22.210 --> 00:15:26.549
AMA that Dr. Manoverso had. And then June 13th,

00:15:27.559 --> 00:15:33.139
here was when sips one two and three close they

00:15:33.139 --> 00:15:38.580
all pass with a yes vote and that yes vote was

00:15:38.580 --> 00:15:42.960
you know 89 93 and 64 respectively we'll go over

00:15:42.960 --> 00:15:49.360
some details when we go over the over the over

00:15:49.360 --> 00:15:52.779
the sips themselves later all right then fast

00:15:52.779 --> 00:15:55.860
forward to september 10th Sandbox now opens up

00:15:55.860 --> 00:16:00.879
delegation applications. And those delegation

00:16:00.879 --> 00:16:06.240
applications was via forum and also like a Google

00:16:06.240 --> 00:16:09.960
form where you could be you could submit to be

00:16:09.960 --> 00:16:14.340
an official delegate. And each delegate was delegated

00:16:14.340 --> 00:16:17.720
to million voting power that they could then

00:16:17.720 --> 00:16:20.379
use on behalf of the community. So there were

00:16:20.379 --> 00:16:22.559
12 delegates in all. I ended up applying, but

00:16:22.559 --> 00:16:25.059
I didn't get accepted. I did get something else

00:16:25.059 --> 00:16:27.259
later on as a domain allocator, but that wasn't

00:16:27.259 --> 00:16:30.419
a delegate. All right. So people like KCL, Curchado,

00:16:30.720 --> 00:16:38.399
MoFat, lots of people, lots of people applied

00:16:38.399 --> 00:16:42.600
to it. I was super happy to see that happen.

00:16:42.919 --> 00:16:47.279
So delegation opened up. A lot of people applied.

00:16:47.580 --> 00:16:51.970
Ended up 12 people were selected. I interviewed

00:16:51.970 --> 00:16:55.529
most of them during, like, Sandow 40 -ish, 50

00:16:55.529 --> 00:16:59.809
-ish series. Interviewed, I think, 11 of the

00:16:59.809 --> 00:17:04.289
12. And with each person being delegated to,

00:17:04.549 --> 00:17:09.130
that meant 24 million voting power was in the

00:17:09.130 --> 00:17:12.670
hands of the community, so to speak. Which ends

00:17:12.670 --> 00:17:17.029
up being an important footnote for how the Sandbox

00:17:17.029 --> 00:17:21.509
DAO was paused with the latest SIP. uh, in, uh,

00:17:21.509 --> 00:17:26.849
39. So remember that for later. All right. Then

00:17:26.849 --> 00:17:30.670
October 7th, Dow Edmonton posts an article on

00:17:30.670 --> 00:17:34.809
the way ahead. They had originally, uh, there

00:17:34.809 --> 00:17:37.349
were different ways they were doing things. I'll

00:17:37.349 --> 00:17:39.769
go over that in the structure as to how it changed

00:17:39.769 --> 00:17:44.950
from May to October, but they, they posted article.

00:17:45.210 --> 00:17:48.380
And that article says, Um, we're going to update

00:17:48.380 --> 00:17:50.220
the way we do sips. We're going to update the

00:17:50.220 --> 00:17:55.019
way we do budgets. And I end up doing a whole

00:17:55.019 --> 00:17:57.980
podcast episode on this. Uh, I can't remember

00:17:57.980 --> 00:18:01.880
which one it was, but I went really, uh, hardcore

00:18:01.880 --> 00:18:05.279
into this one because it was so different than

00:18:05.279 --> 00:18:06.700
the way they were doing things up until that

00:18:06.700 --> 00:18:10.039
point. So, uh, they clarify a bunch of stuff

00:18:10.039 --> 00:18:13.380
and I just had a lot of comments. I'm still,

00:18:13.599 --> 00:18:16.119
you can still see my comments here. From all

00:18:16.119 --> 00:18:19.039
that time ago. I was a bit harsh at that point

00:18:19.039 --> 00:18:22.480
in time because I felt different about how things

00:18:22.480 --> 00:18:25.980
were being handled. I didn't have such an appreciation

00:18:25.980 --> 00:18:30.880
as I do now for it. But I was very critical at

00:18:30.880 --> 00:18:34.920
the time. And you can see that in my podcast

00:18:34.920 --> 00:18:37.319
episodes when I did those updates. Especially

00:18:37.319 --> 00:18:40.619
when I did an episode on that article just by

00:18:40.619 --> 00:18:44.069
itself. All right, and then October 14th, 2024,

00:18:44.569 --> 00:18:47.309
the DAO admin team announces their new communication

00:18:47.309 --> 00:18:51.089
manager, Kunta. And this is when things really

00:18:51.089 --> 00:18:53.329
started to turn around. All right, so Kunta,

00:18:53.329 --> 00:18:56.910
they have Cyril made the post, October 2024.

00:18:57.490 --> 00:19:02.430
This is like May, about six months after the

00:19:02.430 --> 00:19:06.069
DAO starts. Bobby Kunta comes in. He does an

00:19:06.069 --> 00:19:11.490
intro post, introducing himself. and it was very

00:19:11.490 --> 00:19:15.230
well received. We really loved that. He instantly

00:19:15.230 --> 00:19:22.710
got to work to clarify and really just... Yep,

00:19:22.730 --> 00:19:24.849
so there's one of my responses. I was all over

00:19:24.849 --> 00:19:30.430
that forums. So this was in the reporting where

00:19:30.430 --> 00:19:32.890
Sarah would make frequent updates to the reporting.

00:19:33.349 --> 00:19:38.970
So when that happened, they announced... Kanta

00:19:38.970 --> 00:19:48.390
MC here. And here he is. The Kanta master himself.

00:19:50.410 --> 00:19:52.970
Give him a like and follow. He did such a great

00:19:52.970 --> 00:19:58.789
job. I was so happy to see his involvement. So

00:19:58.789 --> 00:20:02.849
he got to work rebuilding trust instantly. Started

00:20:02.849 --> 00:20:07.640
the Digging the Sand podcast. It ran alongside

00:20:07.640 --> 00:20:10.799
mine, the Sandow podcast. Mine was much more

00:20:10.799 --> 00:20:14.359
free in its ability to talk, but he did such

00:20:14.359 --> 00:20:17.119
a wonderful job in showing the behind the scenes

00:20:17.119 --> 00:20:21.299
that he was a major reason why my criticism turned

00:20:21.299 --> 00:20:24.460
around to positive was because of his ability

00:20:24.460 --> 00:20:30.299
to build bridges and show the other side of the

00:20:30.299 --> 00:20:32.099
story when it came to the DAO admin team and

00:20:32.099 --> 00:20:35.460
how the DAO was just kind of plopped in front

00:20:35.460 --> 00:20:38.700
of us. And then we were forced to vote within

00:20:38.700 --> 00:20:42.200
14 days or else we were left behind. So a lot

00:20:42.200 --> 00:20:44.640
of us felt like we were being drug into this

00:20:44.640 --> 00:20:48.539
rather than a community sourced and inspired

00:20:48.539 --> 00:20:53.799
decision. Kunta did a huge, huge benefit to the

00:20:53.799 --> 00:20:57.240
community by clarifying and building bridges.

00:20:57.299 --> 00:21:04.619
So hats off to you, Kunta. You da man. All right.

00:21:05.000 --> 00:21:10.119
A month later, then those 12 delegates were announced.

00:21:11.720 --> 00:21:13.700
All right. And then they talk about here the

00:21:13.700 --> 00:21:15.599
launch of the delegation page, which is still

00:21:15.599 --> 00:21:18.319
up, although some of the old delegates who have

00:21:18.319 --> 00:21:21.819
resigned are no longer there. But the 12 delegates

00:21:21.819 --> 00:21:25.779
that are there now are still there. The only

00:21:25.779 --> 00:21:27.720
ones that are new that I did not get to interview

00:21:27.720 --> 00:21:34.569
was Batman and Shanti. The others I have interviews

00:21:34.569 --> 00:21:38.490
for, all with the exception of Moe. He was the

00:21:38.490 --> 00:21:40.730
only one from Animoca Brands that I wasn't able

00:21:40.730 --> 00:21:46.250
to interview in the end. So they did announce

00:21:46.250 --> 00:21:56.670
that the delegates were officially live, and

00:21:56.670 --> 00:22:02.299
with that came the 24 million voting power. because

00:22:02.299 --> 00:22:06.079
there were 12 times 2 million voting power for

00:22:06.079 --> 00:22:10.299
Delegate. So that was a big step, and many people,

00:22:10.319 --> 00:22:12.559
including myself, felt like that was a great

00:22:12.559 --> 00:22:15.839
thing for them to do. All right, and then November

00:22:15.839 --> 00:22:20.140
17th is when Digging in the Sand podcast released,

00:22:20.420 --> 00:22:25.180
episode one. But guess what happened not long

00:22:25.180 --> 00:22:29.220
ago? I noticed, and I think I mentioned this

00:22:29.220 --> 00:22:34.059
in Sandow 70 or 69, that the video is no longer

00:22:34.059 --> 00:22:36.779
there. The channel looks like it's been deleted.

00:22:37.000 --> 00:22:40.480
So unfortunately, Digging the Sand podcast is

00:22:40.480 --> 00:22:44.400
no longer there. It was wonderful, and I loved

00:22:44.400 --> 00:22:47.000
it. And there are many episodes that I covered,

00:22:47.119 --> 00:22:50.700
especially the first few. I covered them and

00:22:50.700 --> 00:22:54.900
did a reaction video to them. I'll cover all

00:22:54.900 --> 00:22:57.259
of this in the next episode when I do a review

00:22:57.259 --> 00:22:59.720
of the Sandow podcast, whereas right now I'm

00:22:59.720 --> 00:23:01.539
doing a review of the Sandbox DAO. So we'll gloss

00:23:01.539 --> 00:23:06.980
over that part. Okay, that'll close us out in

00:23:06.980 --> 00:23:10.700
2024. The rest of it, not really like road to

00:23:10.700 --> 00:23:14.940
DAO type stuff. All right, 2025 happens. And

00:23:14.940 --> 00:23:20.319
SIP 23 comes out, which was the 2025 budget and

00:23:20.319 --> 00:23:22.420
strategic direction. We were supposed to receive

00:23:22.420 --> 00:23:25.339
another... funding infusion of 15 million sand.

00:23:25.460 --> 00:23:28.380
That did not happen, although there was a SIP

00:23:28.380 --> 00:23:30.099
coming out talking about how we were going to

00:23:30.099 --> 00:23:32.099
reallocate the budget. All right, that was a

00:23:32.099 --> 00:23:36.200
major piece of legislation for the Dow, but it

00:23:36.200 --> 00:23:38.279
ended up not being used because another endowment

00:23:38.279 --> 00:23:42.660
wasn't ever sent. Also, that was a bit of foreshadowing,

00:23:42.680 --> 00:23:46.299
let's call it. That happened in March. So we're

00:23:46.299 --> 00:23:48.799
talking three months after the endowment was

00:23:48.799 --> 00:23:50.960
supposed to happen, that SIP comes out, all right?

00:23:51.019 --> 00:23:54.940
And then later on in March, SIP number 25 comes

00:23:54.940 --> 00:23:58.920
out. And when 25 comes out, it's to establish

00:23:58.920 --> 00:24:01.420
the Sam Muggs Dow grants program, which establishes

00:24:01.420 --> 00:24:04.980
little mini budgets. And there were about five

00:24:04.980 --> 00:24:08.039
elected domain allocators who were managers of

00:24:08.039 --> 00:24:10.500
those budget. I was one of them, community engagement

00:24:10.500 --> 00:24:13.099
domain. And I loved it. I thought it was great.

00:24:13.200 --> 00:24:19.000
We were able to very quickly award the fast and

00:24:19.000 --> 00:24:23.220
helpful projects that. move much faster than

00:24:23.220 --> 00:24:25.980
SIPs did. All right, so that was another piece

00:24:25.980 --> 00:24:30.279
of DAO expansion in our road to DAO. Yeah, it

00:24:30.279 --> 00:24:33.960
was a big, big success in my opinion. They did

00:24:33.960 --> 00:24:37.940
a post -mortem report on that, and Kunta did

00:24:37.940 --> 00:24:41.000
this little breakdown here of 114 applications,

00:24:42.359 --> 00:24:50.400
6 ,400 USDC, 230 ,000 unallocated USDC grants.

00:24:51.019 --> 00:24:54.819
And 80 milestones were paid. 186 ,000 USDC was

00:24:54.819 --> 00:24:59.480
paid out. Accepted 36 and 26 grants were completed.

00:24:59.559 --> 00:25:02.839
It was a lot. Most of it was in mine, the community

00:25:02.839 --> 00:25:07.240
engagement here. I had 54 that I received and

00:25:07.240 --> 00:25:10.940
I accepted 15. So, you know, it was just, it

00:25:10.940 --> 00:25:14.480
was a great, great thing. I loved it. I'm very

00:25:14.480 --> 00:25:17.339
happy they did that. And I think it had the intended

00:25:17.339 --> 00:25:21.140
effect they were looking for. All right, so there's

00:25:21.140 --> 00:25:27.380
the postmortem, and there it is. Okay, I wanted

00:25:27.380 --> 00:25:33.140
to zero in on mine. The grant application itself

00:25:33.140 --> 00:25:44.640
had allocations and was able to push out quite

00:25:44.640 --> 00:25:47.319
a bit. I think I did a podcast episode, I don't

00:25:47.319 --> 00:25:52.819
remember which one, on this one. So, so it, you

00:25:52.819 --> 00:25:57.220
know, I evaluated about 300, 342 ,000. I approved

00:25:57.220 --> 00:26:02.839
16 grants and, uh, approved 71 ,000 USDC. I spent

00:26:02.839 --> 00:26:07.299
the whole budget, $71 ,000 and we completed 15

00:26:07.299 --> 00:26:09.960
of them. The 16 one was really a two parter.

00:26:10.019 --> 00:26:13.000
Uh, so all 16 were completed, but one of the

00:26:13.000 --> 00:26:17.140
15 was also the 16th because it was a dual grant.

00:26:19.950 --> 00:26:24.210
It was great. 200 ,000 sand. All right, so that

00:26:24.210 --> 00:26:27.809
was mine. Community education. There were four

00:26:27.809 --> 00:26:34.109
others. It's a big deal. All right, that was

00:26:34.109 --> 00:26:37.549
March. Now, fast forward to August. All right,

00:26:37.609 --> 00:26:41.230
some bad news hits. The sandbox company gets

00:26:41.230 --> 00:26:45.349
restructured, and those words come from the sandbox

00:26:45.349 --> 00:26:52.490
company itself talking about... Where is that

00:26:52.490 --> 00:26:57.690
word they use? Restructuring. There it is. They

00:26:57.690 --> 00:27:00.150
use that word in their official announcement

00:27:00.150 --> 00:27:03.170
here where they talk about a response to recent

00:27:03.170 --> 00:27:08.690
news about changes where Arthur Madrid and Sebastian

00:27:08.690 --> 00:27:13.150
Bourget stepped down as CEO and COO and they

00:27:13.150 --> 00:27:17.349
become something else. Chairman and Global Brand

00:27:17.349 --> 00:27:20.380
Ambassador. And the new CEO is Robbie Young,

00:27:20.539 --> 00:27:25.940
who comes in from CEO of Animoca Brands. So restructuring

00:27:25.940 --> 00:27:30.839
happens. Offices are closed down. Different presences

00:27:30.839 --> 00:27:33.619
are reduced around the world. And we learned

00:27:33.619 --> 00:27:36.740
later that Indonesia gets hit pretty hard. The

00:27:36.740 --> 00:27:43.900
Korean sandbox Korea gets hit pretty hard. And

00:27:43.900 --> 00:27:47.470
there's a lot of... It's not... It's not great

00:27:47.470 --> 00:27:51.589
news, right? It's a foreshadowing of things to

00:27:51.589 --> 00:27:56.130
come. That was August of last year in 2025. Then

00:27:56.130 --> 00:28:03.250
in December 15th, at the end of last year, is

00:28:03.250 --> 00:28:07.930
when Robbie Young does an AMA for what is next

00:28:07.930 --> 00:28:12.150
for Sandbox, which he calls Sandbox 3 .0. I do

00:28:12.150 --> 00:28:20.359
a number of episodes on this. 68, 69, 70, I believe.

00:28:21.279 --> 00:28:29.779
So it's right, these right here, leading to the

00:28:29.779 --> 00:28:35.200
sandbox DAO pausing. So 67, 68, 69, and 70. There's

00:28:35.200 --> 00:28:40.059
a reaction, an interview, a SIP review of SIP

00:28:40.059 --> 00:28:44.000
39, and then the update after the SIP closes

00:28:44.000 --> 00:28:48.980
and it's passed. All right, so that happens in

00:28:48.980 --> 00:28:55.700
the December of last year. And then in January

00:28:55.700 --> 00:29:00.980
of this year, so a couple months ago, the DAO

00:29:00.980 --> 00:29:05.279
admin team announces SIP39, which is a pausing

00:29:05.279 --> 00:29:11.259
of the sandbox DAO. And that SIP39 comes in the

00:29:11.259 --> 00:29:15.980
normal form, has two weeks of discussion. Not

00:29:15.980 --> 00:29:18.240
much has changed. I think if anything has changed.

00:29:18.799 --> 00:29:20.400
So I don't really think they listened to the

00:29:20.400 --> 00:29:22.420
discussion at all. They just kind of had the

00:29:22.420 --> 00:29:23.920
discussion because that's what the rules said.

00:29:24.279 --> 00:29:27.240
And I do a whole podcast episode, like I just

00:29:27.240 --> 00:29:33.619
showed, of this SIP review. And then the Sandbox

00:29:33.619 --> 00:29:37.940
game hosts an AMA on that, which gets hit by

00:29:37.940 --> 00:29:41.920
the replay bug. I still was able to do a reaction

00:29:41.920 --> 00:29:45.509
video to it as best I could. And then after that,

00:29:45.549 --> 00:29:48.109
we had Sebastian Bourget come on for an interview,

00:29:48.269 --> 00:29:52.269
part two, which we started in Sandow episode

00:29:52.269 --> 00:29:56.869
eight. All right. So you're almost caught up.

00:29:56.910 --> 00:30:02.609
Then February 11th, 14 days after, SIP 39 vote

00:30:02.609 --> 00:30:09.309
starts. And in February 28th of last month, about

00:30:09.309 --> 00:30:14.019
a month ago, it closes. With 80 % yes, 9 % no,

00:30:14.099 --> 00:30:18.119
11 % abstain. And I do an entire episode on those

00:30:18.119 --> 00:30:24.000
results and why they were not above board. Why

00:30:24.000 --> 00:30:27.740
some hijinks were pulled and it was a little

00:30:27.740 --> 00:30:32.220
bit... It didn't look very good for the sandbox

00:30:32.220 --> 00:30:37.460
DAO to do what it did. But it passed and now

00:30:37.460 --> 00:30:40.299
the sandbox DAO will be paused in about nine

00:30:40.299 --> 00:30:43.390
days. at the end of the month here in March 2026.

00:30:46.450 --> 00:30:55.769
So, some good blueberry wine. So, that catches

00:30:55.769 --> 00:31:00.650
you up from May 2024 now to March 21st, 2026.

00:31:01.230 --> 00:31:04.009
All right, so what did we learn? The sandboxed

00:31:04.009 --> 00:31:08.910
out began with a $15 million, 15 million sand

00:31:08.910 --> 00:31:11.920
gift. or an endowment from the Sandbox Game Company.

00:31:12.140 --> 00:31:15.400
The vision was sold as progressive decentralization,

00:31:15.680 --> 00:31:18.619
which meant going from centrally managed, which

00:31:18.619 --> 00:31:20.599
was the DAO admin team and the Sandbox Game Company,

00:31:20.779 --> 00:31:23.099
to a community owned and managed, which would

00:31:23.099 --> 00:31:26.420
be the council and other working groups that

00:31:26.420 --> 00:31:32.440
the Sandbox DAO would evolve into. And had a

00:31:32.440 --> 00:31:41.440
fall from grace about August 2020. Five. All

00:31:41.440 --> 00:31:46.920
right. And then. A fall from grace in August

00:31:46.920 --> 00:31:59.980
2025 when CEO. Restructuring. Happened. And new

00:31:59.980 --> 00:32:07.119
leadership. Instead of fall from grace, let's

00:32:07.119 --> 00:32:13.029
say. Major change to the DAO happened. A new

00:32:13.029 --> 00:32:20.289
leadership was introduced with a new vision for

00:32:20.289 --> 00:32:23.930
the game. Let's say the company, yeah. All right,

00:32:23.930 --> 00:32:26.450
so now you're all caught up. That would be the

00:32:26.450 --> 00:32:30.210
Sandbox DAO timeline. I'm really glad I kept

00:32:30.210 --> 00:32:33.269
this slide. I never really used it much. I may

00:32:33.269 --> 00:32:34.849
have referenced it a couple times in episodes,

00:32:35.089 --> 00:32:38.299
but now it comes in real handy. because it kept

00:32:38.299 --> 00:32:40.619
track of all the major events that happened.

00:32:41.720 --> 00:32:46.160
So, that was the Sandbox DAO timeline. Now, let's

00:32:46.160 --> 00:32:50.740
get to the structure. So, with it starting in

00:32:50.740 --> 00:32:54.660
May of 2024, what then were we faced with? What

00:32:54.660 --> 00:32:58.740
happened? What was the DAO about? Let's get into

00:32:58.740 --> 00:33:01.200
that now. Here is what the structure of the Sandbox

00:33:01.200 --> 00:33:06.200
DAO was. It is. I say was because it's been paused.

00:33:08.109 --> 00:33:09.589
All right, so the launch of the DAO happened.

00:33:09.670 --> 00:33:15.190
That Fireside Chat happened as well. And I think

00:33:15.190 --> 00:33:17.089
I have... Yeah, there we go, there we go, there

00:33:17.089 --> 00:33:22.029
we go. So let's get into... Let's get into this.

00:33:22.109 --> 00:33:26.910
About nine minutes in, the 30 -minute thing,

00:33:28.130 --> 00:33:37.779
interview. All right, so here it is. We wanted

00:33:37.779 --> 00:33:39.440
to have the right product. So you're not looking

00:33:39.440 --> 00:33:41.460
at the outside world saying, okay, there is a

00:33:41.460 --> 00:33:46.480
bull market, a bear market. So there you go.

00:33:46.559 --> 00:33:48.400
That's where they're talking about progressive

00:33:48.400 --> 00:33:51.359
decentralization, heavy curation by the DAO admin

00:33:51.359 --> 00:33:53.500
team to ensure that the vision of the DAO is

00:33:53.500 --> 00:33:57.720
executed. And then slowly, Sebastian, Jorge mentioned

00:33:57.720 --> 00:33:59.240
this quite a few times, like when you have a

00:33:59.240 --> 00:34:01.259
child, you first start them out with training

00:34:01.259 --> 00:34:03.880
wheels. treating them or showing them how to

00:34:03.880 --> 00:34:05.720
ride a bike. And then slowly over time, you can

00:34:05.720 --> 00:34:07.160
take the train wheels off when they're ready

00:34:07.160 --> 00:34:09.400
for that. That's kind of the analogy he used.

00:34:09.739 --> 00:34:12.719
All right, so the other one, let's take a look.

00:34:15.820 --> 00:34:18.880
Okay, so there you go. You can watch the whole

00:34:18.880 --> 00:34:21.239
interview if you would like. So that was the

00:34:21.239 --> 00:34:24.340
launch of the DAO. All right, so when they launched

00:34:24.340 --> 00:34:28.139
the DAO, also with that came the website itself.

00:34:28.619 --> 00:34:31.599
And when you got to the website, It still looks

00:34:31.599 --> 00:34:34.019
very similar to what it started out with. The

00:34:34.019 --> 00:34:37.619
vision proposal delegation about the forums,

00:34:37.679 --> 00:34:39.659
which is a discourse. You can connect your wallet

00:34:39.659 --> 00:34:44.840
because it also connected to a little voting

00:34:44.840 --> 00:34:50.619
module. So here on the front page, it's your

00:34:50.619 --> 00:34:54.119
time to govern. How does it work? Discover and

00:34:54.119 --> 00:34:56.480
debate. Vote for change. Witness the impact.

00:34:57.199 --> 00:35:01.260
And then reasons to join. Here, become a decision

00:35:01.260 --> 00:35:04.440
maker, influence the creative narrative, elevate

00:35:04.440 --> 00:35:07.199
your digital real estate, shape the games you

00:35:07.199 --> 00:35:12.000
love, and then what other testimonials people

00:35:12.000 --> 00:35:16.340
were saying about stuff. And Sandbox had a lot

00:35:16.340 --> 00:35:18.940
of branding, a lot of partnerships, like Paris

00:35:18.940 --> 00:35:23.300
Hilton, Care Bears, Steve Aoki, and many, many

00:35:23.300 --> 00:35:26.900
others, like Deadmau5, The Walking Dead, Atari,

00:35:27.360 --> 00:35:32.730
Gucci. it it got pretty they have a really impressive

00:35:32.730 --> 00:35:36.570
partnership all right so there there's that and

00:35:36.570 --> 00:35:39.429
then here in the vision you they would talk about

00:35:39.429 --> 00:35:42.250
how the vision is to grow the dow and the strategic

00:35:42.250 --> 00:35:45.369
objectives for last year was to empower in 2025

00:35:45.369 --> 00:35:48.150
was to empower the community diversify the funding

00:35:48.150 --> 00:35:52.190
align with long -term goals leverage assets and

00:35:52.190 --> 00:35:54.409
here's a picture of the sandbox community and

00:35:54.409 --> 00:35:57.570
all the different digital real estate that was

00:35:57.570 --> 00:36:01.840
out there And I can spot where we are over here

00:36:01.840 --> 00:36:06.400
in the MetaWorld logo. But you can see Republic

00:36:06.400 --> 00:36:16.380
Realm, Gemini, Sand Rush, MetFi, Binance, Whale

00:36:16.380 --> 00:36:28.570
.me, CyberKongs, a lot of punks and apes. There

00:36:28.570 --> 00:36:33.730
were a lot of really well -known faces that absolutely

00:36:33.730 --> 00:36:38.130
had an involvement. Hey, Naga Jackie Chan. How

00:36:38.130 --> 00:36:42.090
you doing? Yeah, yeah. Hope you're doing well.

00:36:42.150 --> 00:36:50.289
Thanks for popping up on the stream. Thanks for

00:36:50.289 --> 00:36:56.960
coming on. And... Yeah. So there's the vision.

00:36:57.059 --> 00:37:00.179
And they also had ethics. Here are all the ethics.

00:37:00.780 --> 00:37:03.940
I went over this in detail when we talked about

00:37:03.940 --> 00:37:06.019
the new article that came out in October 2024.

00:37:06.760 --> 00:37:09.119
And then you could also vote in proposals here

00:37:09.119 --> 00:37:11.219
on the website by connecting your wallet and

00:37:11.219 --> 00:37:13.460
then here are the proposals. So they had their

00:37:13.460 --> 00:37:16.820
own little module for that. And then submission

00:37:16.820 --> 00:37:20.019
guidelines when you wanted to submit a SIP idea

00:37:20.019 --> 00:37:24.260
after you invited. You would first submit here

00:37:24.260 --> 00:37:28.340
on the forums, but that changed in October, and

00:37:28.340 --> 00:37:29.900
we'll go over that later in the instruction or

00:37:29.900 --> 00:37:32.880
the structure. All right, so how does it work?

00:37:33.119 --> 00:37:35.860
You submit the idea, receive interest, submit

00:37:35.860 --> 00:37:39.619
your SIP, admin team curates, the council issues

00:37:39.619 --> 00:37:42.260
a recommendation, and authors refine. Then you

00:37:42.260 --> 00:37:44.619
get funded, and you can apply for these funding

00:37:44.619 --> 00:37:50.119
categories right here. Same categories as DAO.

00:37:50.780 --> 00:37:54.639
uh, domain allocators we had. And mine was the,

00:37:54.659 --> 00:37:56.920
uh, the community engagement charity section.

00:37:57.619 --> 00:38:00.619
All right. So budget requested, um, the different

00:38:00.619 --> 00:38:04.260
milestones and different requirements for the,

00:38:04.280 --> 00:38:07.400
the payouts and on the checklist, you know, what,

00:38:07.480 --> 00:38:10.039
what was allowable things that you needed to

00:38:10.039 --> 00:38:12.900
make sure that you did, what was not allowable,

00:38:12.940 --> 00:38:15.719
all of the ineligible things. I cover this pretty

00:38:15.719 --> 00:38:20.139
in depth in that October, 2024. update, article,

00:38:20.559 --> 00:38:23.820
reaction. And then what are the steps after that?

00:38:23.900 --> 00:38:26.619
Discussion for 14 days, voting for 14 days, and

00:38:26.619 --> 00:38:30.780
then it implements. Here's a guide to promote

00:38:30.780 --> 00:38:34.880
your SIP. How to promote your SIP is pretty comprehensive.

00:38:34.900 --> 00:38:39.139
It was really well done. And then SIP implementation,

00:38:39.780 --> 00:38:42.380
complete your milestones, make your payments,

00:38:42.619 --> 00:38:47.210
invoice through, request finance. And there's

00:38:47.210 --> 00:38:52.590
payment details there. And then if things are

00:38:52.590 --> 00:38:54.769
paused or revoked, which end up happening with

00:38:54.769 --> 00:38:57.789
SIP pausing. And then if your SIP gets rejected,

00:38:57.969 --> 00:39:00.590
you have to wait three months. So that was your

00:39:00.590 --> 00:39:03.869
proposal section. And then a delegation, which

00:39:03.869 --> 00:39:07.989
we showed earlier, is how do you delegate via

00:39:07.989 --> 00:39:10.449
Snapshot? And then how do you become a delegate?

00:39:12.750 --> 00:39:15.329
You can check out this type form. I also do an

00:39:15.329 --> 00:39:19.469
episode on this when they did it, so you can

00:39:19.469 --> 00:39:21.510
review that episode for what the form used to

00:39:21.510 --> 00:39:23.550
be. And then here are the current delegates,

00:39:23.849 --> 00:39:28.090
all 12 of them. Here was the delegate video from

00:39:28.090 --> 00:39:29.989
Digging in the Sand podcast, which was deleted,

00:39:30.090 --> 00:39:33.130
so it's no longer showing. And then some FAQs.

00:39:37.929 --> 00:39:40.730
How much voting power do I have? What does delegation

00:39:40.730 --> 00:39:44.730
mean? what happens to my tokens my delegate who

00:39:44.730 --> 00:39:46.829
can i choose my delegate are there any costs

00:39:46.829 --> 00:39:49.829
delegating is delegating my voting is delegating

00:39:49.829 --> 00:39:52.309
my voting power compulsory how can i change my

00:39:52.309 --> 00:39:54.170
delegate how can i override my delegates vote

00:39:54.170 --> 00:39:57.010
how can i delegate more than one vault wallet

00:39:57.010 --> 00:40:00.150
why am i unable to delegate and delegate and

00:40:00.150 --> 00:40:04.010
do delegates receive any compensation and if

00:40:04.010 --> 00:40:05.690
you have a question that pushes you over here

00:40:05.690 --> 00:40:08.849
to the the discord all right and then you go

00:40:08.849 --> 00:40:12.250
to the about section which shows you about like

00:40:12.250 --> 00:40:15.349
the sandbox tau foundation the the special council

00:40:15.349 --> 00:40:19.309
and how their their term ended december 31st

00:40:19.309 --> 00:40:24.150
2025 not very recently but it was you know frederick

00:40:24.150 --> 00:40:28.210
montagnon john michelle paul shannon snow yatsu

00:40:28.210 --> 00:40:31.130
sebastian bourget were on the special council

00:40:31.130 --> 00:40:35.289
which gave recommendations and to the sips and

00:40:35.289 --> 00:40:39.889
gave overall you know guidance to align the Sandbox

00:40:39.889 --> 00:40:43.110
DAO with the vision. And then the advisory board

00:40:43.110 --> 00:40:46.630
were cultural ambassadors and advisors that helped

00:40:46.630 --> 00:40:49.190
leverage their expertise in their career fields.

00:40:49.630 --> 00:40:53.409
You know, Anthony Chow, Ina Moja, Loretta Chen,

00:40:54.489 --> 00:40:57.570
Mateus Vivian, used to be a football player,

00:40:57.670 --> 00:41:00.610
like a soccer player. Mia Bao, who we've had

00:41:00.610 --> 00:41:07.070
on as an interview in the Sandow podcast. Samuel

00:41:07.070 --> 00:41:11.789
Choi, and then Zaf Chow. All right, and then

00:41:11.789 --> 00:41:13.769
you had the forums, and the forums themselves

00:41:13.769 --> 00:41:17.309
were pretty cool. Announcements, SIP ideas, SIP

00:41:17.309 --> 00:41:21.409
active. Now it's closed section of the Sandbox

00:41:21.409 --> 00:41:23.849
style grant program, general help improvement,

00:41:24.170 --> 00:41:28.829
SIP finish, that sort of stuff. All right, so

00:41:28.829 --> 00:41:38.730
the interesting thing is that my... I think...

00:41:38.730 --> 00:41:46.510
Yeah, hold on a second. So in the DAO forums,

00:41:46.570 --> 00:41:50.449
I think I have the most responses out of anyone

00:41:50.449 --> 00:41:53.809
because I just, I really bought into the DAO

00:41:53.809 --> 00:41:57.889
and I was a big, big proponent of it. So, you

00:41:57.889 --> 00:42:01.730
know, I was ready to go, to apply for the special

00:42:01.730 --> 00:42:05.079
counsel and I had like my... what i wanted to

00:42:05.079 --> 00:42:10.840
do i was ready for that when the term end in

00:42:10.840 --> 00:42:14.360
december but you know here's the the profile

00:42:14.360 --> 00:42:22.599
with with where's the summary for this um yeah

00:42:22.599 --> 00:42:25.960
this one okay so i joined not long after it it

00:42:25.960 --> 00:42:29.360
started uh i posted something eight hours ago

00:42:29.360 --> 00:42:36.639
i think 2600 views uh 5 ,600 cheers, which I

00:42:36.639 --> 00:42:42.019
guess likes. And here are my stats. I'm pretty

00:42:42.019 --> 00:42:45.300
sure I have the highest amount of responses and

00:42:45.300 --> 00:42:47.219
time spent on the forums just because of how

00:42:47.219 --> 00:42:50.800
much I enjoyed it. Nine days of reading time.

00:42:51.460 --> 00:42:55.579
593 days visited. Four hours reading time recently.

00:42:56.760 --> 00:43:02.860
576 topics viewed. 8 ,000 posts read. 1 ,000

00:43:02.860 --> 00:43:07.360
likes given. 3 ,000 likes received. 49 topics

00:43:07.360 --> 00:43:15.619
created. 1 ,900 posts created. Oh, man. Yeah,

00:43:15.699 --> 00:43:21.980
yeah, yeah. So... That's funny. And then badges

00:43:21.980 --> 00:43:25.380
and stuff that we got out of all that. Which

00:43:25.380 --> 00:43:34.519
are... Oh, gosh. Yeah. But I think they ranked

00:43:34.519 --> 00:43:36.699
them somewhere. All right, let's see if they

00:43:36.699 --> 00:43:40.900
got the ranking here. Posts created? No. Maybe

00:43:40.900 --> 00:43:47.719
it's under likes received. No. It should be.

00:43:48.320 --> 00:43:52.000
Oh, here it is. The global leaderboard, right?

00:43:52.179 --> 00:43:55.139
Here's the global leaderboard. All time. Yeah,

00:43:55.199 --> 00:44:03.489
yeah. So here. I spent a lot of time, a lot of

00:44:03.489 --> 00:44:06.889
time on the forums. So as you can see, I'm number

00:44:06.889 --> 00:44:13.630
one. But Kami coming in at 2 ,500 cheers, which

00:44:13.630 --> 00:44:19.650
are like likes. And Yegor, 2 ,300 likes. So,

00:44:19.650 --> 00:44:24.829
yeah. But then here's your ranking. Snipes, Hishmad,

00:44:25.190 --> 00:44:28.170
Zhao Long, a lot of well -known faces. Sebga,

00:44:28.349 --> 00:44:33.679
Shanti, Tobin. Batman, Curchado, The Intern,

00:44:34.699 --> 00:44:38.340
Geraldine, Money Doctor, Metaverso, Crypto, Diplo,

00:44:38.480 --> 00:44:42.900
Biverson, Fiona, a lot of Cyril, Pepe, Meow,

00:44:43.039 --> 00:44:47.780
Victorian Bag, Mark Bago, Roxy, Yule, Lily Rose,

00:44:48.000 --> 00:44:53.179
Polka Sandeep, Ike, Ikemon, Tobik, Ixura, Salamaya,

00:44:53.340 --> 00:44:57.159
and it goes on and on and on. Arthmort, there's

00:44:57.159 --> 00:45:01.659
Adankoi, Danza Cola, Kenley Kristen. A lot of

00:45:01.659 --> 00:45:05.860
well -known faces that have been helping contribute

00:45:05.860 --> 00:45:08.619
to the ecosystem. So I'll just scroll through

00:45:08.619 --> 00:45:12.639
them here. Sound like an homage. Oh, it keeps

00:45:12.639 --> 00:45:18.739
going. Megan Mao. Yay. Mr. Right Now. Benefitura.

00:45:19.139 --> 00:45:23.340
They were on the podcast as one of the SIP authors.

00:45:24.099 --> 00:45:26.500
Keep going all the way down. Let's stop at number

00:45:26.500 --> 00:45:32.190
100. Number 100 is... Oh. King of Crypto. Oh,

00:45:32.190 --> 00:45:36.730
nice. King of Crypto. Number 100. So, there's

00:45:36.730 --> 00:45:43.090
that leaderboard. Oh, gosh. That's really funny.

00:45:44.670 --> 00:45:49.769
Yeah. Thanks, NotJackieChan. My accomplishment.

00:45:50.809 --> 00:45:56.170
ZenboxDAO. Number one on tiers. All right. So,

00:45:56.230 --> 00:45:59.300
let's keep going. on our launch of the DAO. So

00:45:59.300 --> 00:46:03.300
there's the website and there's the forums. So

00:46:03.300 --> 00:46:05.940
that launched. And then we went over the vision

00:46:05.940 --> 00:46:10.599
already. We went over the ethics. We went over

00:46:10.599 --> 00:46:13.019
the roadmap. Did we go over the roadmap? Where

00:46:13.019 --> 00:46:17.079
in phase one was DAO debut. Phase two was exploring

00:46:17.079 --> 00:46:19.739
how the DAO will begin to separate itself further

00:46:19.739 --> 00:46:22.079
from the sandbox, its parent company. And then

00:46:22.079 --> 00:46:24.179
phase three is a full launch, which is unveiling

00:46:24.179 --> 00:46:25.820
the full scope and opportunities of the DAO.

00:46:26.170 --> 00:46:27.969
That was that earlier promise that I mentioned

00:46:27.969 --> 00:46:30.969
of going from progressively decentralized, from

00:46:30.969 --> 00:46:34.170
centrally managed to fully decentralized. This

00:46:34.170 --> 00:46:36.590
was on the roadmap, which I think has since been

00:46:36.590 --> 00:46:39.949
just no longer showing, right? No longer shows

00:46:39.949 --> 00:46:42.730
on the website. But it did. And I made sure to

00:46:42.730 --> 00:46:45.369
do this because I needed to remember in all my

00:46:45.369 --> 00:46:50.289
podcasting, right? So, thin little tidbits I

00:46:50.289 --> 00:46:55.380
kept track of along the way of... different AMAs

00:46:55.380 --> 00:46:58.880
and stuff of responses. And then we went over

00:46:58.880 --> 00:47:02.659
to the special council. Their term expired 31

00:47:02.659 --> 00:47:06.219
December, 2025. A new special council was not

00:47:06.219 --> 00:47:10.820
elected. And I was, I, Kami, a lot, a number

00:47:10.820 --> 00:47:12.539
of others were going to run for it because we

00:47:12.539 --> 00:47:16.039
wanted to have community elected leadership that

00:47:16.039 --> 00:47:20.159
was very involved and took a front seat row to

00:47:20.159 --> 00:47:24.300
help in the DAO. But that didn't happen. And

00:47:24.300 --> 00:47:26.920
then we had the advisory board, also term expired

00:47:26.920 --> 00:47:31.639
31 December, and no new elections were had. All

00:47:31.639 --> 00:47:35.260
right, and then we had our delegates. Over here,

00:47:35.320 --> 00:47:37.260
we went over the delegate dashboard and the current

00:47:37.260 --> 00:47:40.739
delegates that are there. All right, so some

00:47:40.739 --> 00:47:42.480
interesting facts that I've been keeping track

00:47:42.480 --> 00:47:44.559
of. I showed this a couple times. You know, one

00:47:44.559 --> 00:47:46.920
sand equals one voting power. One land equals

00:47:46.920 --> 00:47:50.139
4 ,500 voting power. So that means with 3 billion

00:47:50.139 --> 00:47:53.909
max supply, you look at... at coin gecko all

00:47:53.909 --> 00:47:58.110
right so there's uh right now it's trading at

00:47:58.110 --> 00:48:05.409
0 .79 cents 0 .079 cents and uh circulating supply

00:48:05.409 --> 00:48:09.610
is 22 .6 billion but the total supply is 3 billion

00:48:09.610 --> 00:48:12.969
all right so there's 0 .4 billion uh not in circulation

00:48:12.969 --> 00:48:18.190
for coin gecko and which means that back to interesting

00:48:18.190 --> 00:48:22.260
facts that there was 3 billion max supply times

00:48:22.260 --> 00:48:25.119
one VP per sand, that's three billion voting

00:48:25.119 --> 00:48:28.760
power that you can obtain by owning sand. For

00:48:28.760 --> 00:48:32.480
land, one land equals 4 ,500 voting power. There

00:48:32.480 --> 00:48:40.440
are 166 ,000 lands per the sandbox website here.

00:48:40.659 --> 00:48:45.000
If you go to sandbox game slash about, you can

00:48:45.000 --> 00:48:48.300
see how the land is structured, right? If you

00:48:48.300 --> 00:48:50.039
never bought it, how do you create it, build?

00:48:50.480 --> 00:48:53.320
buy, monetize, all the play -to -earn mechanics.

00:48:53.840 --> 00:48:57.500
But up here in the front portion, the explanation

00:48:57.500 --> 00:49:02.679
talks about how there's 166 ,464 land available,

00:49:02.960 --> 00:49:11.019
which times 4 ,500 voting power per land is 749

00:49:11.019 --> 00:49:14.300
million voting power, which means there is 3

00:49:14.300 --> 00:49:18.920
.7 billion voting power available. Remember,

00:49:19.260 --> 00:49:21.739
circulating means in the hands of people that

00:49:21.739 --> 00:49:24.960
can use it. Non -circulating means it's not been

00:49:24.960 --> 00:49:28.860
released or available to the public. So there's

00:49:28.860 --> 00:49:31.199
certainly less than that that's available to

00:49:31.199 --> 00:49:34.940
be used, but maximum total voting power that

00:49:34.940 --> 00:49:38.679
can be used eventually is $3 .7 billion. So there's

00:49:38.679 --> 00:49:41.179
still land that hasn't been released of the $166

00:49:41.179 --> 00:49:44.599
,000, and there's still sand in reserve, strategic

00:49:44.599 --> 00:49:47.760
reserve, not released out into the market. of

00:49:47.760 --> 00:49:50.019
the 3 billion. So it's going to be less than

00:49:50.019 --> 00:49:52.480
3 .7 billion. All right, so the voting process,

00:49:52.619 --> 00:49:56.019
each SIP requires 30 million quorum for each

00:49:56.019 --> 00:49:59.360
vote to vote, to each vote to count. So it doesn't

00:49:59.360 --> 00:50:02.500
matter if the majority yes happens in the SIP.

00:50:02.900 --> 00:50:06.059
If it doesn't reach 30 million voting, which

00:50:06.059 --> 00:50:12.059
is 1 % of 3 billion, then it doesn't count. It

00:50:12.059 --> 00:50:14.280
doesn't matter if it's yes or no. So it has to

00:50:14.280 --> 00:50:16.400
reach $30 million. And for a while, when we get

00:50:16.400 --> 00:50:19.800
to the whole SIP review part, for a while, that

00:50:19.800 --> 00:50:22.039
was a big deal because we couldn't reach quorum

00:50:22.039 --> 00:50:25.199
for a number of SIPs. So 1 % of $3 billion of

00:50:25.199 --> 00:50:27.079
the max supply is $30 million. That's how they

00:50:27.079 --> 00:50:29.400
came up with the number. Each constitutional

00:50:29.400 --> 00:50:34.440
SIP requires $150 million, which is a 5 % quorum.

00:50:35.139 --> 00:50:38.179
So that was called quorum. You needed $30 million

00:50:38.179 --> 00:50:41.420
for every regular SIP, $150 million for constitutional

00:50:41.420 --> 00:50:44.449
SIPs. And each sip requires a majority yes vote,

00:50:44.630 --> 00:50:48.449
which is greater than 50 % yes for it to pass.

00:50:49.949 --> 00:50:54.289
All right. And then, oh, I'm sorry. That's wrong.

00:50:55.170 --> 00:51:05.570
You can get like 31 % yes, 30 % no, 30 % abstain.

00:51:05.570 --> 00:51:08.429
That's not the right math. Let's math this a

00:51:08.429 --> 00:51:14.809
little different. So if you had... 30 % no, 30

00:51:14.809 --> 00:51:18.449
% yes, and dang it, I did that math wrong again.

00:51:18.690 --> 00:51:20.909
All right, let's start over. Out of 100 % total,

00:51:21.090 --> 00:51:25.210
if you had 30 % no, 30 % abstain, you're left

00:51:25.210 --> 00:51:30.750
with 40 % to yes. That means yes got the majority.

00:51:31.309 --> 00:51:33.510
It didn't get greater than 50%, but it did get

00:51:33.510 --> 00:51:36.190
the majority, and then the sip would pass. So

00:51:36.190 --> 00:51:39.469
it was simple majority vote. with mostly three

00:51:39.469 --> 00:51:44.590
options yes no abstain all right then here's

00:51:44.590 --> 00:51:46.550
the the budget we went over the budget as well

00:51:46.550 --> 00:51:49.170
it used to be a lot greater used to have sand

00:51:49.170 --> 00:51:53.030
initiatives live ops game content other operations

00:51:53.030 --> 00:51:58.030
staking sandbox for good platform and nft those

00:51:58.030 --> 00:52:01.730
have since changed and the sip that that rearranged

00:52:01.730 --> 00:52:06.889
the 2025 budget but that is originally what that

00:52:06.889 --> 00:52:11.530
15 0 .4 million sand uh was allocated toward

00:52:11.530 --> 00:52:14.409
we were supposed to get that 10 million sand

00:52:14.409 --> 00:52:22.409
top up earlier in 2025 that didn't happen so

00:52:22.409 --> 00:52:25.150
that was the budget allocation right and and

00:52:25.150 --> 00:52:27.829
here where we did some investigating you know

00:52:27.829 --> 00:52:30.550
here are the actual budget contents that has

00:52:30.550 --> 00:52:33.150
since disappeared from the dashboard but i made

00:52:33.150 --> 00:52:36.369
i made screenshots of it and then here were the

00:52:37.199 --> 00:52:40.659
Here were the nine wallets know that that they

00:52:40.659 --> 00:52:47.900
were in here on ether scan All right, so there's

00:52:47.900 --> 00:52:56.199
one Is the second wallet Here's the third wallet

00:52:56.199 --> 00:53:15.449
The fourth wallet Fifth wallet Sixth wallet Seventh

00:53:15.449 --> 00:53:29.309
wallet Eighth wallet And the ninth wallet And

00:53:29.309 --> 00:53:33.690
as you can see there most of them do not have

00:53:33.690 --> 00:53:40.949
holdings One of them has $10 ,000. The rest of

00:53:40.949 --> 00:53:44.289
them just don't have anything in them anymore.

00:53:45.090 --> 00:53:48.969
So with the Dow pause came the Dow withdrawal.

00:53:52.030 --> 00:53:57.610
Okay, so I mentioned in May there was something

00:53:57.610 --> 00:54:00.710
that happened the way the SIPs used to be where

00:54:00.710 --> 00:54:05.190
anyone could submit SIPs, which is why in my

00:54:05.190 --> 00:54:11.860
early podcast, I would show, in addition to the

00:54:11.860 --> 00:54:17.239
checkbook here, the scoreboard. So in this scoreboard,

00:54:17.360 --> 00:54:20.079
I would show how many MetaWorlds submitted. We

00:54:20.079 --> 00:54:25.159
submitted 10. I submitted 10 SIPs. And that was

00:54:25.159 --> 00:54:28.059
back when anyone could submit a SIP and they

00:54:28.059 --> 00:54:30.320
did not have to get invited by the DAO admin

00:54:30.320 --> 00:54:33.679
team. So window resizing, roadmap releases, in

00:54:33.679 --> 00:54:36.239
-game inventory filter, DAO revenue option study.

00:54:36.719 --> 00:54:40.000
The Sandex, the Sandow Podcast Funding, Builder

00:54:40.000 --> 00:54:42.420
Challenge Working Group, Sandbox Governance Working

00:54:42.420 --> 00:54:44.900
Group, producing the Dell Voting Quorum. That

00:54:44.900 --> 00:54:47.400
was back when it was a big problem. And then

00:54:47.400 --> 00:54:50.760
the delegates solved that issue for us. And then

00:54:50.760 --> 00:54:53.719
establishing the Walling Voting Criteria because

00:54:53.719 --> 00:55:09.849
the Sandbox Wallet kept voting. The sandbox wallet

00:55:09.849 --> 00:55:12.550
kept voting, and we wanted to establish criteria

00:55:12.550 --> 00:55:15.929
to where it would stop voting, just kind of arbitrarily.

00:55:21.570 --> 00:55:23.289
And when we delve into the SIPs a little bit,

00:55:23.309 --> 00:55:26.570
you'll see what I mean. All right, so this was

00:55:26.570 --> 00:55:30.369
the scorecard, and I used to show this at the

00:55:30.369 --> 00:55:34.150
beginning of every podcast, and it would show...

00:55:34.380 --> 00:55:37.199
You know, how many SIPs were approved. It would

00:55:37.199 --> 00:55:39.179
show not approved. It just kind of showed status.

00:55:39.300 --> 00:55:42.079
And eventually just got too much to keep track

00:55:42.079 --> 00:55:47.019
of on one little slide. So I had to abandon it.

00:55:47.039 --> 00:55:49.840
And the last update was in January 2025. So it's

00:55:49.840 --> 00:55:52.820
been quite some time since I updated that. But

00:55:52.820 --> 00:55:55.400
the checkbook, I also showed this quite often.

00:55:56.300 --> 00:56:00.219
And the checkbook was an accounting of the SIPs

00:56:00.219 --> 00:56:04.860
and how much our budget was. and what passed

00:56:04.860 --> 00:56:07.579
what didn't of the nine budget categories here

00:56:07.579 --> 00:56:13.079
and then how much was left so that was the last

00:56:13.079 --> 00:56:15.420
time it up today that was december of 2024 because

00:56:15.420 --> 00:56:19.099
it too um it became obsolete when that new sip

00:56:19.099 --> 00:56:21.519
came out that rearranged all the budgets and

00:56:21.519 --> 00:56:24.480
i didn't really know how to adjust it so i did

00:56:24.480 --> 00:56:26.699
end up finding a fix for it which i'll show during

00:56:26.699 --> 00:56:31.800
the the sip review part But I kept track of the

00:56:31.800 --> 00:56:34.480
SIPs, and I think I got all the way to SIP 19

00:56:34.480 --> 00:56:41.460
or so before it just became no longer relevant.

00:56:43.760 --> 00:56:48.219
All right, so that was way back when, in May

00:56:48.219 --> 00:56:54.400
of 2024, anyone could submit SIPs. And that was,

00:56:54.699 --> 00:57:01.579
and I showed, I think, on the forums. All right,

00:57:01.599 --> 00:57:04.199
so if you go to the forums here, then under SIP

00:57:04.199 --> 00:57:08.820
ideas, if you go to old ideas where they moved

00:57:08.820 --> 00:57:10.800
them, I think you'll see a lot of stuff. Like

00:57:10.800 --> 00:57:14.460
here's mine. Some of the ones I mentioned, like

00:57:14.460 --> 00:57:22.679
SIP 4 idea, revenue options. Excuse me. A lot

00:57:22.679 --> 00:57:25.320
of old ones here. All right, so here's Lancer.

00:57:25.719 --> 00:57:29.739
Oh, I guess I did more than 10. Sandbox style

00:57:29.739 --> 00:57:32.699
transparency act. The Santra act. Right. That's

00:57:32.699 --> 00:57:36.760
right. I remember. Saying that. Want to establish

00:57:36.760 --> 00:57:42.219
some more transparency standards. Right. Do an

00:57:42.219 --> 00:57:44.980
org chart. And that was after episode 34. When

00:57:44.980 --> 00:57:46.920
we couldn't figure out. Who was where. Doing

00:57:46.920 --> 00:57:49.059
what. It was a little bit difficult. I had to

00:57:49.059 --> 00:57:51.039
do a whole episode on it. Try and figure it out.

00:57:51.780 --> 00:57:55.820
And. Yeah. There we go. So there's. There's my

00:57:55.820 --> 00:57:58.739
whole list. And the last one I did was the Sandbox

00:57:58.739 --> 00:58:01.719
Dow Transparency Act. So that was back when anyone

00:58:01.719 --> 00:58:06.199
could submit, and many people did, and it all

00:58:06.199 --> 00:58:08.659
had to go through curation. And that was where

00:58:08.659 --> 00:58:11.659
in the video when we showed earlier, Cyril was

00:58:11.659 --> 00:58:14.860
mentioning how the Dow Admin Team would put it

00:58:14.860 --> 00:58:17.699
through curation. So I had 11 sips going through

00:58:17.699 --> 00:58:20.699
curation, and a number of them got through, like

00:58:20.699 --> 00:58:24.860
a few of them got through to vote, and a few

00:58:24.860 --> 00:58:27.590
of them passed. But most of them did not get

00:58:27.590 --> 00:58:30.070
through curation in time before they changed

00:58:30.070 --> 00:58:35.010
the rules in that October article, October 2024.

00:58:35.090 --> 00:58:39.949
I did a whole episode on this, episode 35. And

00:58:39.949 --> 00:58:44.949
the new process was a DAO, an invite only. So

00:58:44.949 --> 00:58:48.510
not everyone who could submit could be invited.

00:58:48.610 --> 00:58:50.789
You would submit, and if enough people showed

00:58:50.789 --> 00:58:53.329
interest and if the DAO admin team thought it

00:58:53.329 --> 00:58:55.679
was worthy enough. then they would invite you

00:58:55.679 --> 00:59:03.539
to submit a SIP draft, and that would go through

00:59:03.539 --> 00:59:06.519
curation and possible passing before anyone could.

00:59:06.880 --> 00:59:10.739
I did a little process thing here. It used to

00:59:10.739 --> 00:59:14.559
be a five -step process from submitting to public

00:59:14.559 --> 00:59:16.960
discussion to special counsel recommendation.

00:59:18.099 --> 00:59:21.199
Then goes the votum snapshot. Then it gets implemented.

00:59:21.280 --> 00:59:23.699
If it gets rejected, 30 -day wait period to try

00:59:23.699 --> 00:59:26.469
again. It took anywhere from 60 to 150 days.

00:59:27.269 --> 00:59:30.389
And based on my experience, it was based on my

00:59:30.389 --> 00:59:33.710
experience and others. The new process in October

00:59:33.710 --> 00:59:41.269
extended that from 60, 150 days to 90 to 270

00:59:41.269 --> 00:59:44.469
days. And it lengthened the process from a five

00:59:44.469 --> 00:59:47.769
-step process to an eight -step process where

00:59:47.769 --> 00:59:52.050
it added in step two, you know, submit the SIP

00:59:52.050 --> 00:59:55.800
to the DAO Typeform link. Then they went through

00:59:55.800 --> 01:00:01.579
one curation, then a second curation, and then...

01:00:01.579 --> 01:00:04.559
So it gave more opportunities for curation to

01:00:04.559 --> 01:00:09.820
refine it, curate the sip, sometimes reject it.

01:00:09.960 --> 01:00:12.699
In my case, one of mine was rejected during second

01:00:12.699 --> 01:00:16.360
round curation versus the first round. It was

01:00:16.360 --> 01:00:21.429
really frustrating. It was the sand chest. the

01:00:21.429 --> 01:00:24.349
one that received a lot of support after the

01:00:24.349 --> 01:00:30.469
Sandbox, the Sandow podcast failed by a few,

01:00:30.670 --> 01:00:33.929
like a couple million votes, which is a very

01:00:33.929 --> 01:00:37.809
small margin. Out of that came the Sand Chest,

01:00:37.989 --> 01:00:42.510
which is kind of like, which was kind of like

01:00:42.510 --> 01:00:47.150
a big group funding effort for a lot of content

01:00:47.150 --> 01:00:52.159
creators instead of just one like me. but that

01:00:52.159 --> 01:00:54.659
couldn't make it past that second round curation,

01:00:54.780 --> 01:00:59.579
this one over here, step five. It received special

01:00:59.579 --> 01:01:03.099
counsel recommendation, but it did not get past

01:01:03.099 --> 01:01:05.300
that second round because one of the reviewers

01:01:05.300 --> 01:01:09.960
thought it needed to be different and had a way

01:01:09.960 --> 01:01:14.460
he wanted it to go, and we could not get past

01:01:14.460 --> 01:01:16.639
our impasse because I didn't want to change it

01:01:16.639 --> 01:01:19.820
so much that the sip was unrecognizable. And

01:01:19.820 --> 01:01:22.139
that was kind of one of the downfalls of SIP

01:01:22.139 --> 01:01:24.980
curation. And especially in this new process

01:01:24.980 --> 01:01:28.380
was, you know, had two ways that it could fail

01:01:28.380 --> 01:01:31.019
because the DAO admin team disagreed with you.

01:01:32.500 --> 01:01:35.519
So there it is. And that's kind of one of the

01:01:35.519 --> 01:01:40.380
reasons why we have 39 SIPs versus 8 -coin DAO

01:01:40.380 --> 01:01:44.199
had like 400 SIPs or AIPs, excuse me. Big, big

01:01:44.199 --> 01:01:46.039
difference in the number of proposals that went

01:01:46.039 --> 01:01:51.670
to vote. And yeah. Yeah, so that was the new

01:01:51.670 --> 01:01:54.070
process. All right, and then I did a little bit

01:01:54.070 --> 01:01:57.570
more of an explanation and kind of that five

01:01:57.570 --> 01:02:01.250
-step process here and how it expanded to the

01:02:01.250 --> 01:02:07.010
eight -step process and kind of the details behind

01:02:07.010 --> 01:02:10.130
that. All right, so then we get to the founding

01:02:10.130 --> 01:02:14.190
sips, sips one, two, and three. And when you

01:02:14.190 --> 01:02:18.219
go to sip one, it did pass with a yes. And in

01:02:18.219 --> 01:02:21.039
its appendix, you could find the Sandbox DAO

01:02:21.039 --> 01:02:24.400
Foundation Constitution, which ended up being

01:02:24.400 --> 01:02:28.699
a whole mini -series by itself. And then SIP

01:02:28.699 --> 01:02:31.579
number two, in the appendix, you could find the

01:02:31.579 --> 01:02:34.780
Sandbox Foundation Articles of Association and

01:02:34.780 --> 01:02:36.440
the Memorandum of Association, which are like

01:02:36.440 --> 01:02:40.300
founding documents. And that kind of got us down.

01:02:40.360 --> 01:02:42.420
And then SIP three was the initial budget, approving

01:02:42.420 --> 01:02:46.250
the $15 million sand allocation. And that kind

01:02:46.250 --> 01:02:48.269
of led us down a whole rabbit trail of what is

01:02:48.269 --> 01:02:52.309
a sandbox foundation? All right. So then we started

01:02:52.309 --> 01:02:54.010
going through all those foundation documents,

01:02:54.150 --> 01:02:57.070
like what are articles, what are memorandums,

01:02:57.070 --> 01:03:00.530
why were Cayman Island duty stamps all over it?

01:03:00.650 --> 01:03:03.130
What acts and regulations is it referring to?

01:03:04.949 --> 01:03:07.110
What are subscribers? Like all the things that

01:03:07.110 --> 01:03:11.809
started really just like, what is this? And we

01:03:11.809 --> 01:03:13.730
went through a whole mini series. So it started

01:03:13.730 --> 01:03:17.489
with. episode 34 and we started clarifying and

01:03:17.489 --> 01:03:20.869
going through everything later on i've gone over

01:03:20.869 --> 01:03:26.030
this many times and um we ended up creating a

01:03:26.030 --> 01:03:28.730
tldr out of it you know what is the foundation

01:03:28.730 --> 01:03:30.989
company exempted company limited by guarantee

01:03:30.989 --> 01:03:33.570
without any share capital articles memorandums

01:03:33.570 --> 01:03:36.510
um lots of business being done in cayman islands

01:03:36.510 --> 01:03:39.369
foundation rules are very flexible and what does

01:03:39.369 --> 01:03:40.849
it mean to be governed by grand cayman island

01:03:40.849 --> 01:03:44.300
law We did a big series on that. So check that

01:03:44.300 --> 01:03:47.539
out because we went over in detail the laws and

01:03:47.539 --> 01:03:51.039
regulations that were at play for Sandbox Foundation.

01:03:51.460 --> 01:03:53.880
And the Sandbox Foundation is the legal entity

01:03:53.880 --> 01:03:57.039
that guards the DAO. It is a legal representative

01:03:57.039 --> 01:04:01.420
of the DAO. It is not the DAO. It is a company

01:04:01.420 --> 01:04:04.059
that protects the DAO and enforces it and represents

01:04:04.059 --> 01:04:07.260
it in the real world. But the DAO itself is the

01:04:07.260 --> 01:04:09.440
voting DAO with the tech stack, discourse, the

01:04:09.440 --> 01:04:11.989
website we showed you. Whereas the foundation

01:04:11.989 --> 01:04:15.389
is a business in the Grand Cayman Islands under

01:04:15.389 --> 01:04:19.929
the law, which is put into part by the Companies

01:04:19.929 --> 01:04:23.469
Act, the Foundations Company Act, and the different

01:04:23.469 --> 01:04:27.650
case law that surrounds disputes within businesses.

01:04:28.190 --> 01:04:30.929
And then we went over Companies Management Act,

01:04:31.170 --> 01:04:34.710
the Directors Registration Licensing Act, Securities

01:04:34.710 --> 01:04:39.289
Investment Business Act, the... voting, the Virtual

01:04:39.289 --> 01:04:42.329
Asset Service Provider Act. We even went through

01:04:42.329 --> 01:04:44.489
the Citations of Acts Parliament Act, which changed

01:04:44.489 --> 01:04:47.150
a lot of words that said law into acts. So that's

01:04:47.150 --> 01:04:49.449
where if you see the Foundations Company Law

01:04:49.449 --> 01:04:53.769
in some of my earlier videos, it was officially

01:04:53.769 --> 01:04:59.130
changed to acts. So the more you know. And then

01:04:59.130 --> 01:05:05.010
we did, so that was parts one. There ended up

01:05:05.010 --> 01:05:07.820
being nine parts in all. And then we covered

01:05:07.820 --> 01:05:10.360
the commercial side, which was talking to actual

01:05:10.360 --> 01:05:14.199
practicing foundation company lawyers like Walkers

01:05:14.199 --> 01:05:16.940
Global. And then we actually interviewed a professional

01:05:16.940 --> 01:05:20.980
director who runs foundation companies in the

01:05:20.980 --> 01:05:24.119
Grand Cayman Islands. So hugely, hugely successful

01:05:24.119 --> 01:05:27.780
miniseries in determining what it was, what was

01:05:27.780 --> 01:05:29.800
a foundation company, and how did it relate to

01:05:29.800 --> 01:05:34.800
the Sandbox DAO. So, excuse me. You know, we

01:05:34.800 --> 01:05:38.579
started with Sandow. 34, where we tried to figure

01:05:38.579 --> 01:05:41.420
out who was who in the zoo. Like, what was everyone's

01:05:41.420 --> 01:05:43.780
place in all of this? And then we revealed quite

01:05:43.780 --> 01:05:46.980
a bit through a lot of research. And some of

01:05:46.980 --> 01:05:50.119
this was wrong, but I got most of it right in

01:05:50.119 --> 01:05:52.380
the end. You know, why was it that everything

01:05:52.380 --> 01:05:54.679
was located in the Grand Cayman Islands? And

01:05:54.679 --> 01:05:56.360
there were some really good reasons for that,

01:05:56.400 --> 01:05:59.179
to comply with the law in the Grand Cayman Islands

01:05:59.179 --> 01:06:01.940
and all of the services that were required to

01:06:01.940 --> 01:06:05.380
run a company that supported and protected the

01:06:05.380 --> 01:06:08.750
Dow. All right, so that series you can find here,

01:06:08.929 --> 01:06:15.510
episode 34, 56, 57, 59, 60, 62, 64, 65, and 66

01:06:15.510 --> 01:06:19.389
was the wrap -up, where it's kind of like a celebration

01:06:19.389 --> 01:06:23.070
episode and roll it all up into a nice little

01:06:23.070 --> 01:06:27.909
TLDR. But all of these things were, if you want

01:06:27.909 --> 01:06:29.650
to learn about financial companies and the Grand

01:06:29.650 --> 01:06:32.050
Cayman Islands, go check that out, because this

01:06:32.050 --> 01:06:36.679
goes in -depth and... I can create my own foundation

01:06:36.679 --> 01:06:38.719
company now, now that I know how to do this.

01:06:39.000 --> 01:06:41.880
It's just a matter of, you know, talking to the

01:06:41.880 --> 01:06:44.860
right people, paying the right fees, and then

01:06:44.860 --> 01:06:48.400
standing up a business that can shield your DAO

01:06:48.400 --> 01:06:51.679
or others. But a foundation company ended up

01:06:51.679 --> 01:06:55.619
being like the best of a trust and of an LLC

01:06:55.619 --> 01:07:00.340
kind of put together. It's really cool. So what

01:07:00.340 --> 01:07:03.780
did we learn by going through the sandbox DAO

01:07:03.780 --> 01:07:06.099
structure? as the special counsel and advisory

01:07:06.099 --> 01:07:10.679
board kept a really low profile. And, and when

01:07:10.679 --> 01:07:16.300
the term expired in December, 2025 re elections

01:07:16.300 --> 01:07:20.559
did not happen. All right. Not Jackie Chan said

01:07:20.559 --> 01:07:23.380
in the chat, hopeful for things to improve in

01:07:23.380 --> 01:07:25.980
sandbox. Don't know the details, but I know leadership

01:07:25.980 --> 01:07:27.900
and things shifting around, hopefully a more

01:07:27.900 --> 01:07:30.280
solid and realistic environment feels like it.

01:07:30.320 --> 01:07:34.329
So I'm steady. Absolutely. Absolutely not, Jackie

01:07:34.329 --> 01:07:38.489
Chan. Thanks for just talking and being here.

01:07:38.809 --> 01:07:41.409
Really appreciate that. All right, and then what

01:07:41.409 --> 01:07:43.829
also did we learn by going through this? This

01:07:43.829 --> 01:07:46.929
DAO admin team held enormous power in running

01:07:46.929 --> 01:07:49.010
the DAO. They basically were the gatekeepers

01:07:49.010 --> 01:07:52.449
for everything. Your SIP did not get passed to

01:07:52.449 --> 01:07:55.010
vote without going through them. And if they

01:07:55.010 --> 01:07:58.150
did not like it, and not all of my SIPs went

01:07:58.150 --> 01:08:01.190
through, most of them did not go through. A number

01:08:01.190 --> 01:08:03.409
of them did not go through because there was

01:08:03.409 --> 01:08:05.550
some sort of objection, opposition, concern.

01:08:06.010 --> 01:08:08.690
I was able to get through some of them, but the

01:08:08.690 --> 01:08:11.949
curation team was small compared to how many

01:08:11.949 --> 01:08:14.750
applications they had. So most of mine didn't

01:08:14.750 --> 01:08:16.890
get to because they just didn't have time or

01:08:16.890 --> 01:08:19.869
bandwidth. Some of them did, though. And I was

01:08:19.869 --> 01:08:24.270
immensely grateful for that happening. And then

01:08:24.270 --> 01:08:29.270
the progressive decentralization ended up...

01:08:29.770 --> 01:08:35.770
not happening as fast as was originally planned.

01:08:36.170 --> 01:08:38.270
Yep, that's a good word there, AI. Thank you

01:08:38.270 --> 01:08:43.750
for offering that word. And so here, now we are

01:08:43.750 --> 01:08:48.649
at SIP39 where the DAO is pausing and we're no

01:08:48.649 --> 01:08:52.210
longer able to continue DAO operations. So that

01:08:52.210 --> 01:08:54.189
progressive decentralization has now come to

01:08:54.189 --> 01:08:59.189
a pause. Okay, so that's what we learned now.

01:08:59.659 --> 01:09:04.720
by going through the sandbox DAO structure. Now,

01:09:04.720 --> 01:09:15.819
let's go through. One second. Okay, now let's

01:09:15.819 --> 01:09:18.260
get to the last part of today's podcast episode.

01:09:18.479 --> 01:09:22.279
Let's go through the SIPs. Now, instead of going

01:09:22.279 --> 01:09:32.270
through all of these... These snapshots here,

01:09:32.409 --> 01:09:36.930
all of them on snapshot, which we could do. Instead,

01:09:37.130 --> 01:09:41.869
what I did was I went back to the my original

01:09:41.869 --> 01:09:46.630
checkbook here and I redid it. I refreshed it

01:09:46.630 --> 01:09:51.890
for this podcast episode. Right. And and one

01:09:51.890 --> 01:09:54.050
of the things I took into account was that the

01:09:54.050 --> 01:09:57.069
admin team had a different different math than

01:09:57.069 --> 01:10:01.029
I did, a different view on the way things. on

01:10:01.029 --> 01:10:03.270
the way things should have been put together.

01:10:03.670 --> 01:10:06.909
And Cyril went over this in SIP39 when I was

01:10:06.909 --> 01:10:11.569
talking about my numbers and when I went over

01:10:11.569 --> 01:10:15.270
things like this here and my numbers in the sandbox

01:10:15.270 --> 01:10:18.470
DAO calculations, how much SIPs cost and all

01:10:18.470 --> 01:10:22.170
that. And then Cyril came in and he said it was

01:10:22.170 --> 01:10:24.510
a little bit oversimplified. He gave me some

01:10:24.510 --> 01:10:27.579
pointers and how he came up with a number. That

01:10:27.579 --> 01:10:32.920
was about $891 ,000 left over. And I could not

01:10:32.920 --> 01:10:36.859
recreate those numbers. So I'm going to go over

01:10:36.859 --> 01:10:39.859
mine because I don't know how he came up with

01:10:39.859 --> 01:10:45.319
his. He said that his was internal. So like an

01:10:45.319 --> 01:10:48.239
internal profit and loss is how he came up with

01:10:48.239 --> 01:10:50.939
his. And I didn't have access to that internal

01:10:50.939 --> 01:10:52.920
profit and loss. So I'm going to use my numbers

01:10:52.920 --> 01:10:57.170
and I'll present. Kind of a differing solution.

01:10:58.750 --> 01:11:03.750
So we're going to go over the results of each

01:11:03.750 --> 01:11:06.670
sip. And at a high level, we're not going to

01:11:06.670 --> 01:11:10.850
go into every single sip's details. But we're

01:11:10.850 --> 01:11:13.310
going to do that now. And then we'll go over

01:11:13.310 --> 01:11:16.510
the statistics at the end. And then we will almost

01:11:16.510 --> 01:11:31.680
be done. So let's go over that. All right. So

01:11:31.680 --> 01:11:34.680
let's go over the SIPs. Now, there are statistics

01:11:34.680 --> 01:11:36.800
that I've automatically calculated here. We'll

01:11:36.800 --> 01:11:39.140
go over those last. So what we're going to do

01:11:39.140 --> 01:11:43.880
now is go over... At a high level, what happens

01:11:43.880 --> 01:11:46.720
here is I have some columns for the SIP number.

01:11:50.739 --> 01:11:54.760
Let's reset. Go to 200%. There we go. Can you

01:11:54.760 --> 01:11:56.399
see a little better? Yeah, it should be able

01:11:56.399 --> 01:11:58.560
to. So the columns are, you know, SIP number,

01:11:58.859 --> 01:12:02.039
when the vote ended, the result, if it passed

01:12:02.039 --> 01:12:06.260
or failed, the SIP amount. Not every SIP was

01:12:06.260 --> 01:12:08.659
in sand. So that's kind of where the calculation

01:12:08.659 --> 01:12:12.500
went a little bit different than what Cyril had

01:12:12.500 --> 01:12:17.319
calculated because my numbers were, I calculated

01:12:17.319 --> 01:12:19.479
relative values. I calculated all sorts of stuff

01:12:19.479 --> 01:12:21.939
you'll see here in a second. Then I had to convert

01:12:21.939 --> 01:12:24.500
that to USDC because some were in euros, some

01:12:24.500 --> 01:12:30.000
were in sand. British Pounds, and USDC in different

01:12:30.000 --> 01:12:32.560
denominations. So I had to unify them, and I

01:12:32.560 --> 01:12:38.560
did so in USDC. And what was the SIP name? A

01:12:38.560 --> 01:12:40.859
Sandbox Improvement Proposal name. Who was the

01:12:40.859 --> 01:12:44.100
author? A number of authors were by the Sandbox

01:12:44.100 --> 01:12:48.060
Game Company, and others were by the community.

01:12:48.420 --> 01:12:51.479
The council's recommendation, whether the Sandbox

01:12:51.479 --> 01:12:55.380
wallet voted. And how many wallets end up voting?

01:12:55.539 --> 01:12:57.319
What was the percentage of yes? What was the

01:12:57.319 --> 01:13:00.600
percentage of no? Percentage of staying? And

01:13:00.600 --> 01:13:02.779
what was the quorum percentage? Because remember,

01:13:02.899 --> 01:13:05.600
we had to reach 100 % quorum, which is 30 million,

01:13:05.779 --> 01:13:08.300
right? And we didn't always do that. For a while,

01:13:08.359 --> 01:13:10.619
we struggled. So what was that quorum amount

01:13:10.619 --> 01:13:13.619
that we voted with? And when the Sandbox style

01:13:13.619 --> 01:13:16.380
did vote, or the Sandbox game company voted with

01:13:16.380 --> 01:13:19.260
its wallet, it usually voted with 27 million.

01:13:19.819 --> 01:13:22.680
until set 39 which was a special case i went

01:13:22.680 --> 01:13:32.500
over that uh but um so that was um when it did

01:13:32.500 --> 01:13:35.819
vote what would the vote have been without it

01:13:35.819 --> 01:13:37.979
because it wasn't supposed to vote there there

01:13:37.979 --> 01:13:40.760
were rules that they were supposed to abide by

01:13:40.760 --> 01:13:42.699
they were supposed to let the community vote

01:13:42.699 --> 01:13:45.619
and in some cases that just didn't happen sometimes

01:13:45.619 --> 01:13:48.550
it was an accident Other times it was the sandbox

01:13:48.550 --> 01:13:51.670
wallet really wanted it to go a certain way.

01:13:53.069 --> 01:13:55.930
All right. And then here's one of the key pieces

01:13:55.930 --> 01:14:01.069
of this is I calculated or I had some chat GPT

01:14:01.069 --> 01:14:05.449
help me with pulling the exchange rates of sand

01:14:05.449 --> 01:14:12.069
to USDC, sand to euros, sand to British pound,

01:14:12.409 --> 01:14:17.850
so the British pound, polygon. to USDC, Ethereum

01:14:17.850 --> 01:14:21.770
to USDC, Euros to USDC, and the British pound

01:14:21.770 --> 01:14:25.229
to the USDC. So I had to calculate a lot of numbers

01:14:25.229 --> 01:14:29.029
in order to keep the math correct. And so I pulled

01:14:29.029 --> 01:14:35.409
the exchange rate on the day that each SIP vote

01:14:35.409 --> 01:14:39.109
ended. And it changed over time. The first SIP

01:14:39.109 --> 01:14:43.609
was June 13th, 2024. The last SIP was February

01:14:43.609 --> 01:14:47.829
25th, 2026. So you can see that the exchange

01:14:47.829 --> 01:14:52.069
rate, you know, it went up a little bit. The

01:14:52.069 --> 01:14:56.090
height it reached was $0 .60 sand back in SIP22,

01:14:56.409 --> 01:15:01.069
which was March 2025. And then it went down from

01:15:01.069 --> 01:15:03.850
there to where it's trading right now, which

01:15:03.850 --> 01:15:09.890
is $0 .09. All right, so then I calculate an

01:15:09.890 --> 01:15:14.140
average, which was over past. Two years, the

01:15:14.140 --> 01:15:19.220
average sand price was $0 .39. The average polygon

01:15:19.220 --> 01:15:22.960
price was $0 .38. And the average Ethereum price

01:15:22.960 --> 01:15:30.380
was $2 ,919. That was the average over the course

01:15:30.380 --> 01:15:36.180
of all 39 sips. So this is how I calculated the

01:15:36.180 --> 01:15:40.079
converted to USDC. I calculated the amount of

01:15:40.079 --> 01:15:46.260
the sip value. converted to usdc on the day this

01:15:46.260 --> 01:15:52.239
the vote ended and so that's how i ended up calculating

01:15:52.239 --> 01:15:55.039
these numbers on the left which was like the

01:15:55.039 --> 01:15:59.000
usdc received by the dow spent by the dow you

01:15:59.000 --> 01:16:00.939
know when it when it received the 15 million

01:16:00.939 --> 01:16:05.979
what was that amount worth on the day the the

01:16:05.979 --> 01:16:11.039
vote ended all right and then so Cyril's point

01:16:11.039 --> 01:16:14.119
to me was that that's not how he calculates it

01:16:14.119 --> 01:16:17.760
in his profit loss. His is relative. So he calculated

01:16:17.760 --> 01:16:21.899
819 ,000 was relative. That's how much was left

01:16:21.899 --> 01:16:26.239
based on today's exchange rate. So for me, if

01:16:26.239 --> 01:16:29.439
I were to use that same calculation, I got 354

01:16:29.439 --> 01:16:34.220
,000 versus his 891 ,000. Again, pretty big difference.

01:16:34.890 --> 01:16:36.810
But I don't have access to his exact formula,

01:16:36.930 --> 01:16:39.090
so I had to use mine. And this was the one that

01:16:39.090 --> 01:16:41.989
made the most sense to me. So let's go over the

01:16:41.989 --> 01:16:44.270
results for all 39 SIPs. Then we'll go to the

01:16:44.270 --> 01:16:47.729
statistics, and then we'll be done. All right.

01:16:48.810 --> 01:16:54.289
SIP 1 was a reintroduction or introducing the

01:16:54.289 --> 01:16:57.909
Sandbox DAO. It was a $0 SIP. It received a positive

01:16:57.909 --> 01:17:01.770
rating, and the Sandbox wallet did not vote on

01:17:01.770 --> 01:17:04.439
it. Neither did they with the first three SIPs,

01:17:04.439 --> 01:17:08.220
which were our foundation SIPs. So SIP 2, SIP

01:17:08.220 --> 01:17:11.859
3 was the Sandbox Foundation, and then the initial

01:17:11.859 --> 01:17:15.239
budget. The Sandbox Foundation clocked in at

01:17:15.239 --> 01:17:21.079
$100 ,000, and then that was an expense. That's

01:17:21.079 --> 01:17:22.859
how much the Sandbox Foundation would cost, is

01:17:22.859 --> 01:17:26.979
$100 ,000. But then SIP 3 was the endowment by

01:17:26.979 --> 01:17:29.939
the Sandbox Game Company, so a gift to the Sandbox

01:17:29.939 --> 01:17:34.539
DAO. of 15 .5 million sand which converted at

01:17:34.539 --> 01:17:39.619
the time on that day and in june 2024 was 6 .8

01:17:39.619 --> 01:17:45.859
million usdc dollars so all three of them received

01:17:45.859 --> 01:17:49.840
positive ratings by the council all three of

01:17:49.840 --> 01:17:53.319
them the um when i say council i mean special

01:17:53.319 --> 01:17:56.680
counsel right so let's put that there special

01:17:56.680 --> 01:18:00.210
recommendation And the Sandbox Wallet did not

01:18:00.210 --> 01:18:03.170
vote for those three. A thousand wallets voted

01:18:03.170 --> 01:18:07.130
on each of those SIPs. And it was an overwhelming

01:18:07.130 --> 01:18:10.630
yes for the first two. It was a majority yes

01:18:10.630 --> 01:18:14.430
for the third. And that third one was a splitting

01:18:14.430 --> 01:18:18.329
of the $15 million into those nine budgets that

01:18:18.329 --> 01:18:21.529
I showed you earlier. If you look down the bottom

01:18:21.529 --> 01:18:25.930
right of the podcast screen, you'll see these

01:18:25.930 --> 01:18:28.689
here. We went over this budget allocation. And

01:18:28.689 --> 01:18:31.270
those nine budgets with those nine wallets. So

01:18:31.270 --> 01:18:33.750
a lot of people disagreed with how those budgets

01:18:33.750 --> 01:18:38.810
should be allocated. Because as you can see,

01:18:38.890 --> 01:18:42.710
Sand Initiatives here has 3 .6 million. LiveOps

01:18:42.710 --> 01:18:46.050
had 3 million. Game Content, 2 .5 million. And

01:18:46.050 --> 01:18:49.550
it goes down on and on. So a lot of people disagreed

01:18:49.550 --> 01:18:52.909
about that allocation. And so that's why its

01:18:52.909 --> 01:18:57.329
percentage was a lot less. It's 65 % yes. And

01:18:57.329 --> 01:19:01.689
the abstained votes were pretty small. The quorum

01:19:01.689 --> 01:19:08.090
was over 136. So we needed 30 million, and the

01:19:08.090 --> 01:19:11.470
first three got about 40 million each. So 10

01:19:11.470 --> 01:19:14.449
million more quorum than what was needed, hence

01:19:14.449 --> 01:19:20.090
136 % quorum. And we did not have to calculate

01:19:20.090 --> 01:19:22.630
without the TSV vote because they didn't vote.

01:19:22.829 --> 01:19:27.000
And then at the time, sand was 44 cents. So that's

01:19:27.000 --> 01:19:29.279
how I did my calculations with the $6 .8 million.

01:19:29.520 --> 01:19:33.039
Because at that day, it was $0 .44. And Ethereum

01:19:33.039 --> 01:19:39.300
was $3 ,400. Right? Those were the days. And

01:19:39.300 --> 01:19:41.619
then, that's the first three SIPs, which were

01:19:41.619 --> 01:19:46.619
foundation SIPs. All right? And then, in June,

01:19:46.920 --> 01:19:50.899
same month, SIPs 4 and 5 came out. All right?

01:19:50.899 --> 01:19:55.500
So SIPs 1 through 3 passed. SIPs 4 and 5 also

01:19:55.500 --> 01:20:01.460
passed. They were out of the Sips 4 and 5 were

01:20:01.460 --> 01:20:04.720
charity Sips. Carbon Capture partnership with

01:20:04.720 --> 01:20:07.939
NGC Company and supporting the Red Cross through

01:20:07.939 --> 01:20:11.100
a prize pool with Yo Bike. Those all received

01:20:11.100 --> 01:20:14.640
positive special counsel recommendations. The

01:20:14.640 --> 01:20:19.880
Carbon Capture was about $179 ,000, which was

01:20:19.880 --> 01:20:24.060
converted from $400 ,000 sand. and 200 ,000 sand

01:20:24.060 --> 01:20:28.479
for the Red Cross, which is about $90 ,000, right?

01:20:28.579 --> 01:20:31.239
The sandbox wallet did vote for those, right?

01:20:31.279 --> 01:20:34.600
So they applied 27 million voting power to that.

01:20:35.239 --> 01:20:39.560
And I don't remember why that happened. I don't

01:20:39.560 --> 01:20:42.600
recall. But about 1 ,000 wallets voted for those

01:20:42.600 --> 01:20:46.220
as well. The yes vote was 81%. However, because

01:20:46.220 --> 01:20:50.060
the sandbox wallet voted, and I believe they

01:20:50.060 --> 01:20:54.989
voted. They voted yes. Take a look. So if we

01:20:54.989 --> 01:20:59.829
go to the votes over here, yeah, they voted yes.

01:21:00.029 --> 01:21:03.989
So there's 27 million. They voted yes. And by

01:21:03.989 --> 01:21:06.130
the way, all of these statistics that I'm showing

01:21:06.130 --> 01:21:10.029
you, all I did was go here to Snapshot, and I

01:21:10.029 --> 01:21:13.069
went to each and every single one of these SIPs,

01:21:13.069 --> 01:21:18.890
and I recorded the number. So here you can see

01:21:18.890 --> 01:21:22.289
33 votes. All right, let's go to a simple one,

01:21:22.310 --> 01:21:24.989
actually. Here you can see 1 .1 thousand votes,

01:21:25.369 --> 01:21:30.189
135 % quorum two years ago. Here's the yes percentage,

01:21:30.550 --> 01:21:34.789
no percentage, abstain. Quorum was 135%. Here's

01:21:34.789 --> 01:21:36.949
when it was created, started, and that's when

01:21:36.949 --> 01:21:40.489
the vote ended. Here in the votes, you can see

01:21:40.489 --> 01:21:43.529
how everyone voted. So you can go check those

01:21:43.529 --> 01:21:47.250
numbers if you like, but they're accurate to

01:21:47.250 --> 01:21:51.369
what I have listed here. I checked them again.

01:21:52.789 --> 01:21:57.470
Okay. So that was sips four and five. Um, and

01:21:57.470 --> 01:22:02.890
quorum was 194 % and 182%. And quorum voting

01:22:02.890 --> 01:22:05.770
amount was 58 million and 54 million. So if you

01:22:05.770 --> 01:22:09.909
take away the sandbox is 27 million. It was still

01:22:09.909 --> 01:22:13.250
both of them still, um, actually, I'm sorry.

01:22:13.310 --> 01:22:17.229
One of them would have passed with, um, which

01:22:17.229 --> 01:22:20.210
was the carbon capture sip four. because it reached

01:22:20.210 --> 01:22:24.069
quorum at 31 million. But the Red Cross would

01:22:24.069 --> 01:22:26.149
not have passed because it needed 30 million

01:22:26.149 --> 01:22:29.529
to pass quorum. And so even though it had a yes

01:22:29.529 --> 01:22:31.390
vote, it would not have passed because it was

01:22:31.390 --> 01:22:34.430
only at 27 million. So I think that was one of

01:22:34.430 --> 01:22:37.130
the reasons why the sandbox wallet voted. Again,

01:22:37.250 --> 01:22:38.829
I don't remember the reason, but that was probably

01:22:38.829 --> 01:22:41.989
it because it looked like it was going to fail.

01:22:42.710 --> 01:22:47.069
So what we can do is just for this one, we could

01:22:47.069 --> 01:22:50.390
take a look at SIP4. and see when they voted.

01:22:52.609 --> 01:22:54.270
All right, so if we look at the votes, we'll

01:22:54.270 --> 01:23:00.550
see Sandbox, it started, it created May 9th,

01:23:00.550 --> 01:23:03.869
I'm sorry, May 29th, 2024, and the Sandbox vote

01:23:03.869 --> 01:23:06.970
voted on that day. So, okay, I'm not sure why

01:23:06.970 --> 01:23:09.170
they voted. No one else did either. It made a

01:23:09.170 --> 01:23:11.470
lot of people angry. All right, and then again,

01:23:11.550 --> 01:23:17.470
we calculated the amounts by recording the day

01:23:17.470 --> 01:23:22.390
of. amounts for the exchange rates right so that's

01:23:22.390 --> 01:23:27.449
how we did okay okay after that then sip six

01:23:27.449 --> 01:23:33.789
seven eight all came out in july of 2024 and

01:23:33.789 --> 01:23:38.050
uh sip number six was magic palette which was

01:23:38.050 --> 01:23:40.750
a wonderful tool everyone almost everyone loves

01:23:40.750 --> 01:23:43.989
that tool it's kind of like um uh if you're ever

01:23:43.989 --> 01:23:46.350
a builder or studio you know just how hard it

01:23:46.350 --> 01:23:49.779
is to to build in game maker it crashed all the

01:23:49.779 --> 01:23:52.439
time it's like single block placement it was

01:23:52.439 --> 01:23:55.579
really difficult to work with and magic palette

01:23:55.579 --> 01:23:58.960
made that really easy it did a lot of like um

01:23:58.960 --> 01:24:05.840
it did a lot of automation and what was it called

01:24:05.840 --> 01:24:09.739
like sequencing uh where it would like a procedurally

01:24:09.739 --> 01:24:11.840
generated where it would like like minecraft

01:24:11.840 --> 01:24:15.850
like create a world for you by By you selecting

01:24:15.850 --> 01:24:19.090
different blocks, it did a lot of mass copy -paste,

01:24:19.270 --> 01:24:21.890
and it made things a lot easier. So Magic Palette

01:24:21.890 --> 01:24:25.949
was hugely supported. It clocked in at $119 ,000,

01:24:26.229 --> 01:24:31.289
which was $350 ,000 at the time. And then the

01:24:31.289 --> 01:24:33.850
next one was a staking budget for landowners.

01:24:34.010 --> 01:24:38.189
So it augmented the landowners' staking big time.

01:24:38.489 --> 01:24:40.949
And if you were a landowner at that time, you

01:24:40.949 --> 01:24:44.079
saw your yield go up. I don't remember what it

01:24:44.079 --> 01:24:47.020
was. It was more than 10%, but your yield went

01:24:47.020 --> 01:24:51.180
up big time and your emissions. So that was about

01:24:51.180 --> 01:24:57.760
$250 ,000 or $750 ,000 at the time. $250 ,000.

01:24:58.039 --> 01:25:01.479
And then there's the Game Jam. Sandbox Game Company

01:25:01.479 --> 01:25:04.420
came up with the idea for the DAO to fund the

01:25:04.420 --> 01:25:08.380
Game Jam. So it did. It submitted a SIP for about

01:25:08.380 --> 01:25:15.239
$9 ,000 or $27 ,000. And interestingly, though,

01:25:15.460 --> 01:25:18.520
Magic Palette received a positive by the special

01:25:18.520 --> 01:25:22.500
counsel, and that was a community. So Pepe from

01:25:22.500 --> 01:25:26.439
Sandrush, huge supporter, love Pepe big time.

01:25:27.199 --> 01:25:34.199
But the two Sandbox DAO, I'm sorry, the two Sandbox

01:25:34.199 --> 01:25:37.600
Game Sips, which were Staking Budget and Game

01:25:37.600 --> 01:25:41.960
Jam, both received a neutral rating. And so we've

01:25:41.960 --> 01:25:44.659
had this clarification from different special

01:25:44.659 --> 01:25:50.720
council members over in this podcast. We've had

01:25:50.720 --> 01:25:53.960
two special council members, I think. One special

01:25:53.960 --> 01:25:58.239
council member? I can't recall now. One or two

01:25:58.239 --> 01:26:01.460
special council members. And a couple advisory

01:26:01.460 --> 01:26:07.520
board members. Mia Bao, Loretta Chen. And for

01:26:07.520 --> 01:26:09.960
special council, we've had Sebastian Bourget.

01:26:10.729 --> 01:26:13.050
I think that might be it. But in any case, we

01:26:13.050 --> 01:26:16.130
had them explain to us positive meant they thought

01:26:16.130 --> 01:26:17.850
it aligned with the vision and benefit of the

01:26:17.850 --> 01:26:21.390
DAO. Neutral was it could go either way. Negative

01:26:21.390 --> 01:26:23.550
was they did not think that SIP aligned with

01:26:23.550 --> 01:26:28.949
the vision of the DAO. But most importantly is

01:26:28.949 --> 01:26:34.289
if you had a negative recommendation, that did

01:26:34.289 --> 01:26:37.020
not stop your SIP from voting. That just meant

01:26:37.020 --> 01:26:39.579
that the council thought that it wasn't in line

01:26:39.579 --> 01:26:41.800
with the vision. So you could have a negatively

01:26:41.800 --> 01:26:45.359
recommended SIP go to vote. Yes, that did influence

01:26:45.359 --> 01:26:48.619
the public vote because a lot of people went

01:26:48.619 --> 01:26:51.479
with the recommendation. However, it didn't mean

01:26:51.479 --> 01:26:56.119
that your SIP was completely out of the running

01:26:56.119 --> 01:26:58.579
at the beginning. You still had a chance. And

01:26:58.579 --> 01:27:00.600
one of my SIPs received a negative recommendation

01:27:00.600 --> 01:27:06.720
and it did pass. Which one was that? uh was this

01:27:06.720 --> 01:27:12.600
one nope wait that one did not pass that one

01:27:12.600 --> 01:27:21.600
failed see it was this one uh sip 21 where it

01:27:21.600 --> 01:27:24.260
was enabling windows resizing and resolution

01:27:24.260 --> 01:27:26.840
for the game client itself it received a negative

01:27:26.840 --> 01:27:29.260
recommendation from the council but it ended

01:27:29.260 --> 01:27:32.739
up passing uh with the majority yes vote of 48

01:27:32.739 --> 01:27:36.460
so It doesn't always happen that a negative vote

01:27:36.460 --> 01:27:39.819
tipped the scales, but it did matter. So you

01:27:39.819 --> 01:27:42.260
wanted a negative. I'm sorry. I'm sorry. You

01:27:42.260 --> 01:27:45.359
wanted a positive. You would accept a neutral,

01:27:45.439 --> 01:27:47.899
and you didn't want a negative because of the

01:27:47.899 --> 01:27:52.779
way the voting went. So for Sips, 6, 7, and 8,

01:27:53.020 --> 01:28:00.159
all three of, whoa, 6, Sips, and 7 passed, but

01:28:00.159 --> 01:28:06.609
Sip 8 failed because. for six, six and seven,

01:28:06.750 --> 01:28:09.689
which was Magic Palette and staking budget, the

01:28:09.689 --> 01:28:13.130
sandbox did not vote in any of those. Less than

01:28:13.130 --> 01:28:15.510
a thousand wallets started voting. And that's

01:28:15.510 --> 01:28:17.670
when Quorum really started getting difficult.

01:28:18.109 --> 01:28:22.789
But Magic Palette had a 99 % yes vote and it

01:28:22.789 --> 01:28:28.909
reached Quorum by the skin of its teeth. 31 million.

01:28:29.029 --> 01:28:32.609
So only a million over the 30 million Quorum.

01:28:33.199 --> 01:28:37.140
And so it reached 104 % quorum. Whereas the staking

01:28:37.140 --> 01:28:40.119
budget with the landowners, they were very in

01:28:40.119 --> 01:28:43.920
favor of it. With 81%, yes, it reached 114 %

01:28:43.920 --> 01:28:50.159
quorum at 34 million voting power. But SIP 8,

01:28:50.460 --> 01:28:57.279
however, failed because even though it had, it

01:28:57.279 --> 01:29:00.640
did not reach quorum. It only reached 50 % of

01:29:00.640 --> 01:29:03.239
quorum, which was 15 million. Unfortunately.

01:29:06.079 --> 01:29:08.760
So I don't think it received the money. Although,

01:29:08.859 --> 01:29:10.979
now that I think about it, there was no way to

01:29:10.979 --> 01:29:12.760
check unless you were looking at the wallet.

01:29:12.920 --> 01:29:14.479
So maybe, I don't know. I don't know if they

01:29:14.479 --> 01:29:16.300
ended up getting the funds. They shouldn't have

01:29:16.300 --> 01:29:20.399
for this because it didn't reach Quorum. All

01:29:20.399 --> 01:29:27.399
right. Then we get to the SIP -8. We just did

01:29:27.399 --> 01:29:32.510
SIP -8. Excuse me. And then SIP -9. Yeah, SIP

01:29:32.510 --> 01:29:36.609
9 came after that in August, as did SIP 11. Sorry,

01:29:36.710 --> 01:29:39.970
what am I saying? SIP 9 and SIP 10 both came

01:29:39.970 --> 01:29:42.109
out in August, right? And there is our first

01:29:42.109 --> 01:29:44.829
Euro one. It wasn't in Sand, it was in Euro.

01:29:45.010 --> 01:29:48.069
And SIP 10 was in USDC. So that's where I had

01:29:48.069 --> 01:29:51.670
to kind of like make a unified conversion. So

01:29:51.670 --> 01:29:58.750
SIP 9 was 33 ,000 or 30 ,000 Euros. And SIP 10

01:29:58.750 --> 01:30:03.529
was 94 ,000. And USDC, so it was also 94 ,000

01:30:03.529 --> 01:30:09.569
on the SIP. And SIP 9 was a mandate for DAO NFT

01:30:09.569 --> 01:30:12.869
collection. That was when people like Sebastian

01:30:12.869 --> 01:30:16.250
Bourget and Jean -Michel Payun were giving the

01:30:16.250 --> 01:30:21.649
DAO a lot of NFTs that were valuable. Millions

01:30:21.649 --> 01:30:24.210
worth. I covered this on multiple times during

01:30:24.210 --> 01:30:29.029
the SIP DAO. Their absolute success at managing

01:30:29.029 --> 01:30:32.850
this. However, when they first went up for the

01:30:32.850 --> 01:30:37.310
vote in August, it failed. Why did it fail? Because

01:30:37.310 --> 01:30:41.270
it didn't reach quorum. So by that point, quorum

01:30:41.270 --> 01:30:43.949
issues were in full swing. Only 50 % quorum.

01:30:44.310 --> 01:30:49.689
And then for the second SIP there in SIP 10,

01:30:49.810 --> 01:30:53.210
which was a budget for blockchain events, so

01:30:53.210 --> 01:30:58.609
funding team in the sandbox, Asia. to go to events

01:30:58.609 --> 01:31:01.930
in Latin America and Asia. That failed as well.

01:31:02.090 --> 01:31:04.729
And both of them, while they received positive

01:31:04.729 --> 01:31:09.350
views from the council, and they received a majority

01:31:09.350 --> 01:31:16.029
yes vote, although one barely, less than 500

01:31:16.029 --> 01:31:20.970
wallets voted for those two and only got half

01:31:20.970 --> 01:31:24.430
for them, 50%. So that's when we knew things

01:31:24.430 --> 01:31:27.380
were... problem and that's where you see some

01:31:27.380 --> 01:31:31.880
of my my sip ideas were let's reduce um let's

01:31:31.880 --> 01:31:34.720
reduce the voting quorum because we're having

01:31:34.720 --> 01:31:38.180
such issues with it and that was when i went

01:31:38.180 --> 01:31:46.779
over what slide was it was yeah this one right

01:31:46.779 --> 01:31:51.119
here this slide uh here in the scoreboard one

01:31:51.119 --> 01:31:55.920
of my sip ideas was was establishing or reducing

01:31:55.920 --> 01:32:00.319
the voting quorum requirement by 9th SIP idea.

01:32:01.300 --> 01:32:05.899
That was because of, at this point in time, we

01:32:05.899 --> 01:32:11.039
were having such issues with quorum. Okay, so

01:32:11.039 --> 01:32:14.159
those two failed. So then what happened? SIP

01:32:14.159 --> 01:32:19.939
11 came out. And SIP 12. And SIP 13. All in September

01:32:19.939 --> 01:32:24.159
of 2024. Alright, SIP. SIP 11 was ambassador

01:32:24.159 --> 01:32:30.939
funding at $100 ,000 or 400 ,000 sand. Then SIP

01:32:30.939 --> 01:32:34.279
12 was establishing a sandbox learning academy

01:32:34.279 --> 01:32:38.939
in the Philippines. That was $12 ,000 or 51 ,000

01:32:38.939 --> 01:32:43.420
sand. And then SIP 13 was a $0 SIP for running

01:32:43.420 --> 01:32:48.020
a feasibility study to do NFT crafting in -game.

01:32:48.239 --> 01:32:52.579
So it was to do a feature. Within the game itself.

01:32:53.680 --> 01:32:57.199
Right. Ambassador program funding. Was sandbox

01:32:57.199 --> 01:33:00.640
proposed. Whereas the sandbox academy. And the

01:33:00.640 --> 01:33:02.779
feasibility study. Were all community proposed.

01:33:03.899 --> 01:33:10.680
And. You know what. Let's. For a second. Change

01:33:10.680 --> 01:33:26.289
something up. Freeze the. to freeze the top let's

01:33:26.289 --> 01:33:30.609
freeze the top row that we can always see it

01:33:30.609 --> 01:33:33.770
yeah that should be helpful all right so there

01:33:33.770 --> 01:33:42.550
we are right and sip 11 12 13 all right they

01:33:42.550 --> 01:33:49.920
came out and the top two Ambassador program and

01:33:49.920 --> 01:33:52.439
Sandbox Academy were positive, but the feasibility

01:33:52.439 --> 01:33:54.579
study, which was a feature request, was a negative

01:33:54.579 --> 01:34:00.319
for the special counsel. All right. However,

01:34:00.840 --> 01:34:05.859
the Sandbox wallet voted again for both SIP 11

01:34:05.859 --> 01:34:08.939
and 12, and they mostly voted because of this.

01:34:09.779 --> 01:34:12.000
This one here, they really wanted the ambassador

01:34:12.000 --> 01:34:16.039
program to go through, and... And SIP -12 just

01:34:16.039 --> 01:34:18.340
happened to be voting at the same time. So they

01:34:18.340 --> 01:34:22.119
voted on both. Whereas SIP -13 came out later

01:34:22.119 --> 01:34:25.439
in that month. It was still September. All right.

01:34:25.500 --> 01:34:30.380
And they all received the yes vote, although

01:34:30.380 --> 01:34:36.180
it was pretty close. Quorum was 159 % and 138%.

01:34:36.180 --> 01:34:39.939
However, if you took out the sandbox's 27 million

01:34:39.939 --> 01:34:43.479
vote, neither would have passed because they

01:34:43.479 --> 01:34:45.439
wouldn't have reached quorum. So that quorum

01:34:45.439 --> 01:34:48.340
issue was a big problem. And the only reason

01:34:48.340 --> 01:34:51.619
the ambassador program passed, as did the Sandbox

01:34:51.619 --> 01:34:54.300
Academy, was because the Sandbox wallet voted

01:34:54.300 --> 01:34:57.260
for it, pushing it over quorum. It wasn't supposed

01:34:57.260 --> 01:35:01.119
to do that. Seb had said how he wouldn't do that,

01:35:01.220 --> 01:35:04.380
but I guess their interests were really strong

01:35:04.380 --> 01:35:09.439
on that one, so they voted. All right. However,

01:35:09.739 --> 01:35:12.680
later on that month when SIP 13, the feasibility

01:35:12.680 --> 01:35:17.619
study, went to vote. It did not get a vote from

01:35:17.619 --> 01:35:19.859
the sandbox wallet. It did not reach quorum.

01:35:21.279 --> 01:35:25.079
Only 38 % quorum, 11 million votes. Voting power,

01:35:25.180 --> 01:35:28.680
excuse me. So it failed. All right, so at this

01:35:28.680 --> 01:35:30.760
point, the pass and the failures are racking

01:35:30.760 --> 01:35:34.420
up. We almost have as many failures as we have

01:35:34.420 --> 01:35:39.199
passing sips. So this is a problem. And then

01:35:39.199 --> 01:35:42.239
October hits, right? So if we look back on our

01:35:42.239 --> 01:35:46.189
timeline, When do we see the delegates show up

01:35:46.189 --> 01:35:52.510
with their voting power? It's not until, so November

01:35:52.510 --> 01:35:56.470
is when the delegates were announced, but the

01:35:56.470 --> 01:36:00.930
new, oh, excuse me, the applications open up

01:36:00.930 --> 01:36:05.789
in September. And if we look back at our SIP

01:36:05.789 --> 01:36:09.989
timeline here, September 20th is when the last

01:36:09.989 --> 01:36:13.829
SIP failed because of quorum. In fact, I think

01:36:13.829 --> 01:36:16.409
the rest of them, yep, that's right. It won't

01:36:16.409 --> 01:36:19.890
be the last one. And here in October, so this

01:36:19.890 --> 01:36:23.689
is while applications are going on in the sandbox

01:36:23.689 --> 01:36:26.510
DAO for the delegates. And the delegates aren't

01:36:26.510 --> 01:36:30.130
announced until November 13th. Okay, so we have

01:36:30.130 --> 01:36:32.750
a number more sips to cover before we get to

01:36:32.750 --> 01:36:37.010
November 13th, and that's after. So any sips

01:36:37.010 --> 01:36:40.149
after November 13th now can receive 24 million

01:36:40.149 --> 01:36:44.600
voting power. Yes or no or abstain from the 12

01:36:44.600 --> 01:36:47.279
delegates. Not until November 13th. We're still

01:36:47.279 --> 01:36:49.140
in September. We have a little bit more ground

01:36:49.140 --> 01:36:53.960
to cover in October. Okay? And this is really

01:36:53.960 --> 01:36:56.460
helpful to be able to go back and forth. All

01:36:56.460 --> 01:37:02.119
right. So we are now in October. October 2nd

01:37:02.119 --> 01:37:04.859
is when two more sips come out. One of them is

01:37:04.859 --> 01:37:11.869
mine, which is what the red is here. Oops, that's...

01:37:11.869 --> 01:37:17.010
That one should be me. That's not Meta Futura.

01:37:18.029 --> 01:37:22.670
Meta Futura is this next one here. They did Metaverse

01:37:22.670 --> 01:37:29.430
and Disability and Meta Worlds. So I, with Meta

01:37:29.430 --> 01:37:36.029
Worlds, did this next SIP. So SIPs 14 and 15

01:37:36.029 --> 01:37:39.979
came out next in October. They both failed. if

01:37:39.979 --> 01:37:42.720
you want to hazard a guess as to why but the

01:37:42.720 --> 01:37:46.300
sip 14 was enable window sizing the resolution

01:37:46.300 --> 01:37:49.100
options that way because in the game client you

01:37:49.100 --> 01:37:52.020
couldn't make it bigger and the resolution options

01:37:52.020 --> 01:37:56.720
were really really um very few so if you had

01:37:56.720 --> 01:38:01.159
uh like a 1080p monitor or greater it the resolution

01:38:01.159 --> 01:38:04.779
options weren't there it would just be it'd be

01:38:04.779 --> 01:38:09.869
really bad so i rallied the community and asked

01:38:09.869 --> 01:38:15.409
them if they would support a SIP to tell the

01:38:15.409 --> 01:38:17.829
game developers that we wanted to be able to

01:38:17.829 --> 01:38:21.189
resize the window in window mode and also give

01:38:21.189 --> 01:38:25.489
more resolution options. And so that ended up

01:38:25.489 --> 01:38:30.649
failing because of Quorum. But it was overwhelming

01:38:30.649 --> 01:38:35.090
majority yes vote. Yes, 60 % wanted that. And

01:38:35.090 --> 01:38:38.939
then yes also wanted... the Metaverse and Disability

01:38:38.939 --> 01:38:43.380
by Meta Futura, who wanted to partner in Italy

01:38:43.380 --> 01:38:50.600
with a disability group to educate and employ

01:38:50.600 --> 01:38:56.199
folks who have a disability in Italy. That SIP

01:38:56.199 --> 01:39:00.960
was 30 ,000 USDC or 30 ,000 euros at the time.

01:39:01.920 --> 01:39:06.600
And both of them received negative special counsel.

01:39:08.469 --> 01:39:14.529
Less than 200 wallets voted for these two, and

01:39:14.529 --> 01:39:17.130
the sandbox wallet did not come to our aid or

01:39:17.130 --> 01:39:20.369
rescue. But we received the yes vote, and because

01:39:20.369 --> 01:39:23.729
we only received 25 % quorum, so quorum's going

01:39:23.729 --> 01:39:26.489
bad, going really bad for everybody, less than

01:39:26.489 --> 01:39:31.909
10 million voting power, which is a big gap in

01:39:31.909 --> 01:39:34.630
what we need for the 30 million quorum. It failed.

01:39:34.810 --> 01:39:38.670
Both of them failed. Okay, so that was October.

01:39:38.829 --> 01:39:43.810
Then December. SIP 16 happens. And guess what

01:39:43.810 --> 01:39:48.529
happened? Because it's December, we now have

01:39:48.529 --> 01:39:52.510
our delegates. So do we see a spike in quorum

01:39:52.510 --> 01:39:56.989
voting? We sure do. So if we go back to our timeline,

01:39:57.329 --> 01:40:01.310
the delegates were announced in November. They

01:40:01.310 --> 01:40:03.470
were each given 2 million voting power to the

01:40:03.470 --> 01:40:06.350
12 delegates, so 24 million voting power. So

01:40:06.350 --> 01:40:08.850
now if we go back to our SIP timeline, here in

01:40:08.850 --> 01:40:13.050
SIP 16, December, that means the 12 delegates

01:40:13.050 --> 01:40:18.510
are now able to apply their 24 million combined

01:40:18.510 --> 01:40:24.970
voting power. SIP 16 and SIP 17 came out in December

01:40:24.970 --> 01:40:32.470
of 2024. SIP 16 was one of my SIPs. It was a

01:40:32.470 --> 01:40:35.930
$0 SIP. to insert an inventory filter for equipment

01:40:35.930 --> 01:40:39.289
in the game uh for those you had a lot of nfts

01:40:39.289 --> 01:40:43.489
from for the sandbox in game there was no way

01:40:43.489 --> 01:40:45.649
to filter it uh you had to scroll manually through

01:40:45.649 --> 01:40:47.829
all of them and it was really it got really tough

01:40:47.829 --> 01:40:51.350
to constantly pick your equipment because it

01:40:51.350 --> 01:40:53.689
reset every time you went to a new experience

01:40:53.689 --> 01:40:56.609
so we made a feature request i made a feature

01:40:56.609 --> 01:41:00.649
request insert an inventory filter in game excuse

01:41:00.649 --> 01:41:08.039
me I had like, I had like nice little pretty

01:41:08.039 --> 01:41:11.100
pictures and stuff. Right. So I wanted to like,

01:41:11.199 --> 01:41:16.460
uh, uh, also, you know, put a little, uh, put

01:41:16.460 --> 01:41:18.880
a little, uh, filter, like a checkbox filter

01:41:18.880 --> 01:41:22.779
system. Like I had a whole, whole thing. And,

01:41:22.779 --> 01:41:28.579
uh, so that was SIP 16, $0 because the dev team

01:41:28.579 --> 01:41:30.180
was going to do it. We weren't funding anyone.

01:41:30.750 --> 01:41:35.449
And then SIP 17 was 83 ,000 USDC or 80 ,000 Euro.

01:41:35.590 --> 01:41:39.109
And that was for someone to create a horror game

01:41:39.109 --> 01:41:45.970
to diversify the sandbox map a little more. All

01:41:45.970 --> 01:41:49.949
right. My in -game filter received a positive

01:41:49.949 --> 01:41:52.390
from the special console, but the horror game,

01:41:52.470 --> 01:41:56.069
oh, it also received a positive. And mine was

01:41:56.069 --> 01:42:01.739
99 % yes. Almost every single of the 500 wallets

01:42:01.739 --> 01:42:07.340
that voted wanted it. Whereas the horror game

01:42:07.340 --> 01:42:11.619
unfortunately received only 6 % yes. Not many

01:42:11.619 --> 01:42:15.420
of those 600 wallets wanted it. However, because

01:42:15.420 --> 01:42:21.680
of the push for both the new communications manager,

01:42:21.920 --> 01:42:26.380
Kanta, building bridges with the community, he...

01:42:27.819 --> 01:42:31.279
They built those bridges successfully, and also

01:42:31.279 --> 01:42:34.100
the delegates now were pushing for more participation

01:42:34.100 --> 01:42:36.479
from the community, not just for themselves.

01:42:36.539 --> 01:42:41.199
So big bravo, applause, flowers to the delegates

01:42:41.199 --> 01:42:47.060
for that. Because of that, we got 500, 600 wallets

01:42:47.060 --> 01:42:49.880
voting for those two versus before we were under

01:42:49.880 --> 01:42:55.859
200 wallets before that happened. So SIP number...

01:42:57.409 --> 01:43:04.109
16 passed. 17 did not pass because it did not

01:43:04.109 --> 01:43:06.470
receive the yes vote. However, both achieved

01:43:06.470 --> 01:43:10.590
quorum. So, yay. Quorum seemed to be a thing

01:43:10.590 --> 01:43:14.529
of the past because now 12 delegates with 24

01:43:14.529 --> 01:43:16.789
million voting power were voting, which meant

01:43:16.789 --> 01:43:19.250
we only need 8 million and other community votes

01:43:19.250 --> 01:43:24.050
to meet 30 million quorum. All right. Halfway

01:43:24.050 --> 01:43:32.020
there. Zip 18 came out in January. It failed.

01:43:32.380 --> 01:43:39.199
It was $30 ,000 in USDC or 60 ,000 sand. It was

01:43:39.199 --> 01:43:43.220
mine again. And this one was to fund 15 episodes

01:43:43.220 --> 01:43:46.159
of this podcast that you're listening to. You'll

01:43:46.159 --> 01:43:49.699
notice that we are at episode 71. So we kept

01:43:49.699 --> 01:43:51.399
going. Whereas at the time, I think I was at

01:43:51.399 --> 01:43:55.880
episode 30. I think thereabouts. Actually, let's

01:43:55.880 --> 01:43:57.619
take a look because I had a little picture in

01:43:57.619 --> 01:44:02.140
there. So in SIP 18 was to fund 15 episodes of

01:44:02.140 --> 01:44:05.060
this. It received that negative recommendation

01:44:05.060 --> 01:44:07.699
and because they didn't think it was cost effective.

01:44:08.579 --> 01:44:12.699
I had interviewed Seb, the co -founder and COO.

01:44:12.979 --> 01:44:16.619
I interviewed a lot of people. I was going to

01:44:16.619 --> 01:44:21.340
bring in more guests, do deeper analysis or platforms

01:44:21.340 --> 01:44:25.739
and had a very consistent. above 20 live views

01:44:25.739 --> 01:44:30.279
on Twitch at the time, which was a lot. So it

01:44:30.279 --> 01:44:33.500
put me at the top of many categories each time.

01:44:34.640 --> 01:44:36.899
And I wanted more funding because I was doing

01:44:36.899 --> 01:44:40.300
it for free. I still am doing it for free. And

01:44:40.300 --> 01:44:45.239
I had some stats at the time. I published 39

01:44:45.239 --> 01:44:48.100
episodes within five months. So I was pretty

01:44:48.100 --> 01:44:50.859
much at episode 40. So it was like 30 episodes

01:44:50.859 --> 01:44:53.479
ago. I was already available on nine platforms.

01:44:53.619 --> 01:44:56.779
I had 16 guests answering 180 questions total.

01:44:57.119 --> 01:45:01.579
A combined 400 hours watched. Almost 2 ,500 likes,

01:45:01.659 --> 01:45:05.180
retweets, replies. Episodes have been downloaded

01:45:05.180 --> 01:45:09.420
271 times. My top Twitch view count at the time

01:45:09.420 --> 01:45:15.239
was 27. And my podcast, I've been hosting podcasts

01:45:15.239 --> 01:45:19.250
since 2016. At that point for... All my podcasts,

01:45:19.329 --> 01:45:22.130
I had done 75 episodes across like three or four

01:45:22.130 --> 01:45:26.850
podcasts. So I had milestones and all that and

01:45:26.850 --> 01:45:29.289
previous episodes covering the community, special

01:45:29.289 --> 01:45:32.369
counsel, landowners voting. I'll go over all

01:45:32.369 --> 01:45:34.170
this in the next episode, which will be a review

01:45:34.170 --> 01:45:36.909
of the Sandbox. I'm sorry, review of the Sandow

01:45:36.909 --> 01:45:41.770
podcast and some different stuff. I really wanted

01:45:41.770 --> 01:45:46.630
15 episodes funded so that I could start to.

01:45:48.779 --> 01:45:52.279
be compensated for for doing all this deep analysis

01:45:52.279 --> 01:45:57.619
but unfortunately it failed and there was an

01:45:57.619 --> 01:46:00.500
episode i did all on that it failed by the skin

01:46:00.500 --> 01:46:05.140
of its teeth almost certainly was because the

01:46:05.140 --> 01:46:06.960
the special counsel gave a negative recommendation

01:46:06.960 --> 01:46:10.579
that kind of pushed the votes over the edge 43

01:46:10.579 --> 01:46:16.229
yes 57 no and that was because one of the major

01:46:16.229 --> 01:46:20.449
wallets that I helped recruit into voting to

01:46:20.449 --> 01:46:24.369
help solve the quorum issue, voted no, which

01:46:24.369 --> 01:46:28.289
was Whale Vault, the folks over at Whale. They

01:46:28.289 --> 01:46:32.210
applied 7 million voting power against it, and

01:46:32.210 --> 01:46:36.189
that really sealed the deal. But I had a lot

01:46:36.189 --> 01:46:39.050
of community support, because by that time I

01:46:39.050 --> 01:46:43.590
had done 40 episodes. But it failed, ultimately.

01:46:44.799 --> 01:46:54.500
And I wanted 40 ,000 USDC. And yeah, but it did

01:46:54.500 --> 01:46:56.800
get quorum. So, you know, at that point, our

01:46:56.800 --> 01:46:59.979
quorum issue looked solved. So I basically shot

01:46:59.979 --> 01:47:03.960
myself in the foot by convincing the folks over

01:47:03.960 --> 01:47:07.659
at WellDAO and getting a proposal and their DAO

01:47:07.659 --> 01:47:11.880
to always vote in the sandbox DAO. Their first

01:47:11.880 --> 01:47:14.520
vote in the sandbox style was a no vote on my

01:47:14.520 --> 01:47:19.300
SIF. So, full circle, shot myself in the foot

01:47:19.300 --> 01:47:21.960
on that one. I would have received the yes vote

01:47:21.960 --> 01:47:25.600
if it had not been for that. And I didn't even

01:47:25.600 --> 01:47:31.220
need it. It was 39 million quorum. So, seven

01:47:31.220 --> 01:47:34.880
minus, I would have gotten the yes vote at 31

01:47:34.880 --> 01:47:39.420
million voting power. Whoops -a -daisy. But...

01:47:39.869 --> 01:47:42.029
it meant that well Dow, which is one of the largest

01:47:42.029 --> 01:47:45.869
landowners with over a thousand lands was always,

01:47:45.930 --> 01:47:49.729
it was constantly involved in the Dow after that,

01:47:49.869 --> 01:47:52.470
whereas before they weren't participating and

01:47:52.470 --> 01:47:56.270
we wanted to solve quorum. So it's a bummer.

01:47:57.210 --> 01:48:04.010
Anyways, sip 19. I came in February as of sip

01:48:04.010 --> 01:48:09.810
20, one passed, one failed. So sip. 19 was a

01:48:09.810 --> 01:48:15.989
$50 ,000 SIP, whereas SIP 20 was a $150 ,000

01:48:15.989 --> 01:48:23.310
SIP. And SIP 19 was selecting UGC. What does

01:48:23.310 --> 01:48:27.250
UGC stand for? User Generated Content Platform.

01:48:27.470 --> 01:48:31.970
It's basically trying to take the best of Roblox's

01:48:31.970 --> 01:48:35.750
store page where you can easily find a game to

01:48:35.750 --> 01:48:40.550
play. This developer was selected from a request

01:48:40.550 --> 01:48:43.109
for proposal put up by the DAO admin team. And

01:48:43.109 --> 01:48:47.409
the TSB is the author here. And the RFPs went

01:48:47.409 --> 01:48:52.729
out and a wake up labs one. So you're going to

01:48:52.729 --> 01:48:56.770
look at here, their proposal here. There were

01:48:56.770 --> 01:49:01.170
other, I think four or five others. It was a

01:49:01.170 --> 01:49:06.409
seven page proposal. It looked. And when everyone

01:49:06.409 --> 01:49:10.890
went through it. they end up choosing that. So

01:49:10.890 --> 01:49:15.270
it says over here, it'll say, it should say various,

01:49:15.350 --> 01:49:20.649
I think. All right, so SIP -19, if you look on

01:49:20.649 --> 01:49:24.430
Snapshot, you'll see multiple different, that

01:49:24.430 --> 01:49:26.069
looks like only two at the time, the Council,

01:49:26.329 --> 01:49:31.569
QA, and then Wake Up Labs. And Wake Up Labs just

01:49:31.569 --> 01:49:36.710
barely got it at 20 million. Whereas the Council,

01:49:37.390 --> 01:49:41.050
got 19 million. So none of the proposals was

01:49:41.050 --> 01:49:44.850
about 10 million or 20 % of the vote. But Wake

01:49:44.850 --> 01:49:48.109
Up Labs won it at 41 % versus the council's 39%.

01:49:48.109 --> 01:49:54.310
It was a very, very close race. And they both

01:49:54.310 --> 01:49:58.729
received positives, right? So SIP20 was a cross

01:49:58.729 --> 01:50:02.359
-dial collaboration with the Ape Coin Dial. And

01:50:02.359 --> 01:50:05.380
it was proposed by Animoca Brands, so that's

01:50:05.380 --> 01:50:08.100
why I labeled it as TSB, because Animoca Brands

01:50:08.100 --> 01:50:11.579
owned the Sandbox Game Company. Sandbox Game

01:50:11.579 --> 01:50:15.500
Company were the authors of, helped author it.

01:50:17.619 --> 01:50:21.960
It was a huge amount, 150 ,000 USDC. All right,

01:50:21.979 --> 01:50:26.300
but it failed. It got 13 % of the vote, whereas

01:50:26.300 --> 01:50:31.750
this one should say various, actually. Because

01:50:31.750 --> 01:50:37.130
there were multiple folks. Got it. Could be voted

01:50:37.130 --> 01:50:43.750
for. But it received 13 % of the vote. And the

01:50:43.750 --> 01:50:47.149
Sandbox Wallet did not vote. Sandbox Wallet does

01:50:47.149 --> 01:50:51.069
not vote again until SIP 22. So both of them

01:50:51.069 --> 01:50:54.409
did reach quorum. But it was very different in

01:50:54.409 --> 01:51:02.319
the results. So SIP 20 did not get passed. It

01:51:02.319 --> 01:51:11.800
was an overwhelming no. All right. SIP 21 came

01:51:11.800 --> 01:51:22.420
out. Oh, at the same time. Oops. There we go.

01:51:23.100 --> 01:51:27.899
Formatted different. So SIP 21 came out. That

01:51:27.899 --> 01:51:30.819
was one of mine. It was a resubmission of an

01:51:30.819 --> 01:51:34.060
earlier SIP. So remember back in the process

01:51:34.060 --> 01:51:39.060
part where you could submit your SIP if it failed

01:51:39.060 --> 01:51:42.899
after 30 days because it did not reach quorum.

01:51:43.359 --> 01:51:46.220
Even in the new process, it would be three months.

01:51:46.579 --> 01:51:49.699
But in the old process, it was 30 days, which

01:51:49.699 --> 01:51:51.460
is when I originally submitted this SIP for.

01:51:56.199 --> 01:51:59.140
I, that period elapsed. It failed because it

01:51:59.140 --> 01:52:00.979
did not reach quorum, but it received the yes

01:52:00.979 --> 01:52:03.779
vote. So I was pretty confident if I had resubmitted

01:52:03.779 --> 01:52:07.020
it, then after the resubmission period, then

01:52:07.020 --> 01:52:08.960
I would get the yes vote. Now that quorum has

01:52:08.960 --> 01:52:11.199
been solved because the delegates were voting

01:52:11.199 --> 01:52:14.619
with 24 million voting power. So I resubmitted

01:52:14.619 --> 01:52:18.760
it, got it to vote. It was a $0 vote. It passed.

01:52:19.399 --> 01:52:22.479
And this is the one that passed with special

01:52:22.479 --> 01:52:25.300
counsel. negative recommendation. So I'll just

01:52:25.300 --> 01:52:27.260
highlight that one right here for a second because

01:52:27.260 --> 01:52:30.739
it's special. And it received a negative, but

01:52:30.739 --> 01:52:34.119
48 % of the vote of those 200 wallets wanted

01:52:34.119 --> 01:52:37.600
it. Whereas 35 % said no. It reached quorum at

01:52:37.600 --> 01:52:41.560
136 % with 40 million voting power. It passed.

01:52:43.119 --> 01:52:47.699
All right, 22. SIP 22 and 23 both came out in

01:52:47.699 --> 01:52:51.699
March of 2025. So we turned the page in 2025

01:52:51.699 --> 01:52:55.699
with SIP 18. with financing 15 episodes of the

01:52:55.699 --> 01:53:00.920
Sandow podcast and its unfortunate failure. Then

01:53:00.920 --> 01:53:05.020
now we're fast -forwarding to SIP 22 and 23,

01:53:05.420 --> 01:53:10.380
which is March. SIP 22 was Women in Tech Global

01:53:10.380 --> 01:53:14.439
Summit at the Osaka Protocol. This one, I also

01:53:14.439 --> 01:53:18.880
interviewed the SIP author for this. This was

01:53:18.880 --> 01:53:23.579
Women in Tech. And really, I really enjoyed that

01:53:23.579 --> 01:53:26.539
one. I'll go over that one tomorrow, or not tomorrow,

01:53:26.619 --> 01:53:29.840
my next episode. But we interviewed the SIP author.

01:53:30.239 --> 01:53:34.899
It was the Women in Tech group. It wanted 31

01:53:34.899 --> 01:53:40.239
,000 USDC or 30 ,000 Euro. Both, and then the

01:53:40.239 --> 01:53:44.100
SIP 23 was the reallocating those nine budgets

01:53:44.100 --> 01:53:50.529
categories into the lesser amount. a smaller

01:53:50.529 --> 01:53:55.729
amount and it was a zero dollar sip because it

01:53:55.729 --> 01:53:58.229
didn't receive any money it just wanted to when

01:53:58.229 --> 01:54:01.989
that 10 million sand was top up came from the

01:54:01.989 --> 01:54:04.189
sandbox game company like it was supposed to

01:54:04.189 --> 01:54:07.430
in 2025 then it would reallocate it per this

01:54:07.430 --> 01:54:11.909
new uh this new process which let's take a look

01:54:11.909 --> 01:54:15.409
for a second that process was uh they wanted

01:54:15.409 --> 01:54:20.359
to put it down to oh hey SIP category, budget

01:54:20.359 --> 01:54:25.359
usage. At the time, rating budget was 85%. Of

01:54:25.359 --> 01:54:28.819
our nine budget categories, we'd expended 10%,

01:54:28.819 --> 01:54:31.739
and we committed 4%, which meant we hadn't spent

01:54:31.739 --> 01:54:35.779
it yet, but it was budgeted and going to be used.

01:54:36.300 --> 01:54:42.600
Operations budget, we committed 28%, and remaining

01:54:42.600 --> 01:54:46.920
23%, we already spent 47%, so half the budget.

01:54:48.329 --> 01:54:51.149
All right, and that was 1 .5 million sand on

01:54:51.149 --> 01:54:55.250
that one. So where did it say it wanted to change?

01:54:55.289 --> 01:54:57.130
Here are the budget categories. So it wanted

01:54:57.130 --> 01:55:00.869
to reduce it to Web3, ecosystem integration,

01:55:01.569 --> 01:55:07.090
season rewards and game creation, community engagement

01:55:07.090 --> 01:55:09.470
and charity, education onboarding technology,

01:55:09.949 --> 01:55:16.550
operations, and foundation reserve. So from nine

01:55:16.550 --> 01:55:22.850
to one. Two, three, four, five, six, six. From

01:55:22.850 --> 01:55:32.449
nine to six. That's what they wanted. Okay. So

01:55:32.449 --> 01:55:36.970
that was the SIP 23, the 2025 budget and strategic

01:55:36.970 --> 01:55:40.609
direction reallocation. And both of them were

01:55:40.609 --> 01:55:43.529
positive by the special counsel. One was community

01:55:43.529 --> 01:55:46.680
submitted. One was sandbox submitted. The sandbox

01:55:46.680 --> 01:55:51.659
voted on accident. Seb actually voted with the

01:55:51.659 --> 01:55:54.399
wrong wallet on the women in tech one, which

01:55:54.399 --> 01:55:57.720
is SIP 22. He ended up voting abstain. So it's

01:55:57.720 --> 01:56:00.560
a not tip the scales because by that point they

01:56:00.560 --> 01:56:04.659
hadn't voted since the ambassador one and the

01:56:04.659 --> 01:56:08.060
sandbox Academy. And they kind of, I feel like

01:56:08.060 --> 01:56:10.300
they kind of learned their lesson. Like they,

01:56:10.380 --> 01:56:13.920
the community got really, really angry that they

01:56:13.920 --> 01:56:19.989
did that. Excuse me. Yeah, the community got

01:56:19.989 --> 01:56:22.250
really, really angry. So they decided to honor

01:56:22.250 --> 01:56:26.869
that community's frustration and not vote again

01:56:26.869 --> 01:56:32.090
until accidentally voting on SIP 22. So they

01:56:32.090 --> 01:56:34.510
voted abstain, which is why the abstain percentage

01:56:34.510 --> 01:56:38.689
is huge. It's at 53%. So the yes vote was 31%.

01:56:38.689 --> 01:56:42.310
The no vote was 17%. So more than double the

01:56:42.310 --> 01:56:48.890
people wanted it to. to pass. 144 wallets voting.

01:56:49.029 --> 01:56:51.590
So we're dipping below 200 wallets again here.

01:56:51.810 --> 01:56:59.029
However, because we have the delegates, they

01:56:59.029 --> 01:57:02.710
end up reaching quorum on both of them. But because

01:57:02.710 --> 01:57:04.930
the sandbox voted with 27 million voting power,

01:57:05.029 --> 01:57:10.170
it got 200 % quorum at 60 million voting. Whereas

01:57:10.170 --> 01:57:17.060
with The budget reallocation SIP, it didn't get

01:57:17.060 --> 01:57:19.279
voted on by the Sandbox Wallet, so it barely

01:57:19.279 --> 01:57:23.340
made it at 105%. At that point in time, the community

01:57:23.340 --> 01:57:25.920
felt really good about the delegates, and Weldow

01:57:25.920 --> 01:57:29.779
was voting, so we had what we needed for each

01:57:29.779 --> 01:57:35.020
SIP to reach quorum and pass or not pass. All

01:57:35.020 --> 01:57:39.619
right, now we are in April 2025. SIPs, I'm sorry.

01:57:40.279 --> 01:57:46.779
Yep, April 2025, SIPs 24. 25, 26, 27. Four of

01:57:46.779 --> 01:57:51.800
them in a month. All right, SIP24 was 85 ,000

01:57:51.800 --> 01:57:55.119
USDC. It was a Chrysalis quest. It was another

01:57:55.119 --> 01:58:00.100
experience creation by a well -known studio,

01:58:00.439 --> 01:58:09.000
Ashara. And then SIP25 was 644 ,000 USDC. And

01:58:09.000 --> 01:58:11.439
that was to establish the Sandbox DAO grants

01:58:11.439 --> 01:58:14.420
program, the SDGP. I went over that a little

01:58:14.420 --> 01:58:18.159
bit earlier. And it was fabulous, fantastic,

01:58:18.539 --> 01:58:22.720
huge success. It basically created a fast process

01:58:22.720 --> 01:58:26.279
for people to get funded within that grants program.

01:58:26.600 --> 01:58:30.420
It hired, elected five delegates. Dang it, not

01:58:30.420 --> 01:58:33.859
delegates. It elected five domain advocates from

01:58:33.859 --> 01:58:37.119
the community. I was one of them. And we had...

01:58:37.310 --> 01:58:39.729
total control over our section of the budget.

01:58:40.130 --> 01:58:46.430
And it was divided up into, the power was, there

01:58:46.430 --> 01:58:48.170
was checks and balances, like the DAO admin team

01:58:48.170 --> 01:58:52.270
oversaw our team. But we were able to receive,

01:58:52.369 --> 01:58:55.670
approve, deny applications from the community,

01:58:55.810 --> 01:58:58.489
right? It was awesome. I think I went over this

01:58:58.489 --> 01:59:01.310
in a previous episode, the submission process.

01:59:01.789 --> 01:59:04.069
I was able to create my own submission process

01:59:04.069 --> 01:59:09.920
for my domain. and create like a structured process,

01:59:10.039 --> 01:59:13.380
but a much faster process than the SIPs, as were

01:59:13.380 --> 01:59:18.159
the other allocations. So Web3 ecosystem integration,

01:59:18.600 --> 01:59:21.579
season rewards and game creation, education onboarding

01:59:21.579 --> 01:59:24.819
technology, engagement charity, all of those

01:59:24.819 --> 01:59:29.600
received their own domain allocator. And so there

01:59:29.600 --> 01:59:33.939
are four total. We would go through all these

01:59:33.939 --> 01:59:36.640
milestones. We had to create a structured process.

01:59:37.060 --> 01:59:39.380
We had to communicate with the DAO admin team

01:59:39.380 --> 01:59:42.579
quite often. It was awesome. I went over the

01:59:42.579 --> 01:59:48.739
success metrics earlier in this episode. So I

01:59:48.739 --> 01:59:53.920
was hugely a big fan of that. It was great. Now,

01:59:54.039 --> 01:59:58.729
it was a big price tag of the budget. So it wanted

01:59:58.729 --> 02:00:03.909
to allocate 644 ,000 USDC to over a million SIP.

02:00:03.970 --> 02:00:08.390
But keep in mind, we're still riding off of SIP3's

02:00:08.390 --> 02:00:11.930
15 .5 million SIP, which at the time was worth

02:00:11.930 --> 02:00:16.850
$6 .8 million, trading at 44 cents per sand.

02:00:17.569 --> 02:00:22.449
But now here we are about a year later, and...

02:00:22.779 --> 02:00:26.420
that 1 .1 million sand is trading at 55 cents,

02:00:26.659 --> 02:00:30.260
right? So it's worth more. Hence why when you

02:00:30.260 --> 02:00:36.779
convert that exchange rate, it's 644 ,000 sand,

02:00:36.979 --> 02:00:42.880
right? So the TSP authored that one, whereas

02:00:42.880 --> 02:00:48.399
Chrysalis Quest was a community SIP. The Chrysalis

02:00:48.399 --> 02:00:53.270
Quest was a negative. recommendation, whereas

02:00:53.270 --> 02:00:58.989
the Dow Grants program was positive. And then

02:00:58.989 --> 02:01:01.270
let's go back to SIP. There are two others in

02:01:01.270 --> 02:01:04.689
that. Actually, no, let's just keep going with

02:01:04.689 --> 02:01:07.329
these two. So SIP's 24 and 25 in the beginning

02:01:07.329 --> 02:01:12.529
of April. Chrysalis Quest SIP received a negative

02:01:12.529 --> 02:01:15.329
review, whereas by the council, special council,

02:01:15.489 --> 02:01:19.050
whereas the Dow Grants STGP received positive.

02:01:19.350 --> 02:01:22.159
The same box, while it did not vote. Over 300

02:01:22.159 --> 02:01:25.260
wallets voted in each of them. And it earned.

02:01:25.859 --> 02:01:38.180
A 70. Over 70 % yes vote. For both. Let's take

02:01:38.180 --> 02:01:44.699
a look at that for a bit. Oh yeah. Okay. This

02:01:44.699 --> 02:01:54.140
was the platform. Oh yeah. Okay. This was, um,

02:01:54.279 --> 02:01:57.279
Chrysalis quest was a platform that was going

02:01:57.279 --> 02:02:02.079
to enable like in -game quests and airdrops to

02:02:02.079 --> 02:02:06.979
different experiences. Uh, so, so my experience

02:02:06.979 --> 02:02:09.279
in Dell education hub, for instance, or floor

02:02:09.279 --> 02:02:13.640
droppers could input a quest would be like, I

02:02:13.640 --> 02:02:17.939
don't know, pick up a number of items in the

02:02:17.939 --> 02:02:19.979
experience. And if you do that, then you'll get

02:02:19.979 --> 02:02:24.010
an airdrop. Or let's race. And if you complete

02:02:24.010 --> 02:02:26.949
the quest, you get an airdrop. So that was the

02:02:26.949 --> 02:02:30.890
idea. Because both of them received an overwhelming

02:02:30.890 --> 02:02:35.970
yes vote and quorum at 117 % and 115%, both of

02:02:35.970 --> 02:02:38.890
them passed. I think, unfortunately, this is

02:02:38.890 --> 02:02:41.109
one of the ones that was cancelled. Or maybe

02:02:41.109 --> 02:02:43.890
it went through, I don't recall. And it was completed.

02:02:44.109 --> 02:02:46.270
Not sure. Alright, so the beginning of April.

02:02:46.449 --> 02:02:50.260
The end of April was Sips 26 and 27. Both of

02:02:50.260 --> 02:02:55.460
them passed. SIP26 was the NFT collection for

02:02:55.460 --> 02:02:57.300
the Sandbox style. This was a resubmission by

02:02:57.300 --> 02:03:01.220
Arthmort's team to, now that Quorum was no longer

02:03:01.220 --> 02:03:05.920
an issue, was asking to become the curator for

02:03:05.920 --> 02:03:09.500
the NFT collection that had now been sent, or

02:03:09.500 --> 02:03:12.420
was about to be sent, by the Sandbox game company.

02:03:12.640 --> 02:03:16.340
So it had like punks in it, apes in it, a lot

02:03:16.340 --> 02:03:19.140
of like X copies. It had a lot of... really valuable

02:03:19.140 --> 02:03:24.920
things in it and uh the nft collection was only

02:03:24.920 --> 02:03:31.779
168 000 usdc compared to 644 000 of the sandbox

02:03:31.779 --> 02:03:34.479
style grants program all right so that was 26

02:03:34.479 --> 02:03:41.680
and sip 27 was an election sip for the stgp sandbox

02:03:41.680 --> 02:03:45.039
style grants program they wanted to to elect

02:03:45.039 --> 02:03:58.359
for Domain allocators. All right. Excuse me.

02:03:59.539 --> 02:04:02.859
All right. This one was a little bit complicated.

02:04:03.039 --> 02:04:06.300
As a domain allocator, you had to choose which

02:04:06.300 --> 02:04:11.119
ones you wanted to go for. So there was Web3

02:04:11.119 --> 02:04:13.420
Ecosystem. Yule went for that one. Yule Wolf.

02:04:14.039 --> 02:04:16.119
Rewards and Game Creation. Joseph went for that

02:04:16.119 --> 02:04:18.609
one. Community and Charity, I went for that one.

02:04:19.250 --> 02:04:21.770
Education and Onboarding, I also went for that

02:04:21.770 --> 02:04:25.409
one. Community and Charity, Ivy, are they, went

02:04:25.409 --> 02:04:28.409
for that one. Education and Onboarding, Money

02:04:28.409 --> 02:04:31.909
went for that one, and there were others. Ivy

02:04:31.909 --> 02:04:34.310
also went for Education and Onboarding. Money

02:04:34.310 --> 02:04:37.409
also went for Community and Charity. So the people

02:04:37.409 --> 02:04:40.229
who won were the top voted in each category.

02:04:40.569 --> 02:04:45.369
So Web3 Ecosystem, Yule Wolf, got 24 % of the

02:04:45.369 --> 02:04:50.020
vote. So he was elected to that domain, that

02:04:50.020 --> 02:04:56.699
budget. Rewards and game creation was Joseph

02:04:56.699 --> 02:05:03.180
with 21 % of the vote. Community and charity

02:05:03.180 --> 02:05:10.340
was Lanzer, me, with 20 % of the vote. And education

02:05:10.340 --> 02:05:16.479
and onboarding was me again. At 16 % of the vote,

02:05:16.640 --> 02:05:19.600
I couldn't win twice, so it went down to the

02:05:19.600 --> 02:05:21.859
next person, Education Onboarding, which was

02:05:21.859 --> 02:05:27.159
Money. G said Money. He won with 3 % of the vote.

02:05:27.239 --> 02:05:29.039
And the reason why that happened is because my

02:05:29.039 --> 02:05:31.760
16 % of the vote, where I won Education Onboarding,

02:05:31.920 --> 02:05:34.819
because I can't win twice, like I just said,

02:05:35.000 --> 02:05:37.739
Money was the next runner -up. Whereas Community

02:05:37.739 --> 02:05:40.960
and Charity, I, they, did not win with 9 % of

02:05:40.960 --> 02:05:44.050
the vote because... I won community charity with

02:05:44.050 --> 02:05:46.109
20 % of the vote. So that's where it's a little

02:05:46.109 --> 02:05:48.810
bit complicated, but if you think of there are

02:05:48.810 --> 02:05:51.130
four domains being competed for, whoever got

02:05:51.130 --> 02:05:55.029
the most in each of those domains won, but you

02:05:55.029 --> 02:05:57.449
couldn't win two domains. So that's kind of why

02:05:57.449 --> 02:06:00.090
I won two domains, but I couldn't be elected

02:06:00.090 --> 02:06:02.189
to that second one because I was already elected

02:06:02.189 --> 02:06:06.649
community charity. Hope that makes sense. No

02:06:06.649 --> 02:06:15.359
peta. No peta. Salaam. Salaam, my baby. All right.

02:06:16.420 --> 02:06:20.760
And so that's how that worked out. 104 % quorum.

02:06:21.319 --> 02:06:26.920
Above 30 million. And so Joseph, it was a special

02:06:26.920 --> 02:06:31.000
case here. Joseph won with 21 % of the vote for

02:06:31.000 --> 02:06:34.000
awards and game creation. Go check out Sandow

02:06:34.000 --> 02:06:37.060
episodes one or two. I had him on one of those.

02:06:37.140 --> 02:06:39.699
And then later, I'm thinking Sandow 15 -ish.

02:06:39.859 --> 02:06:43.159
Had him back again. We talked some philosophy

02:06:43.159 --> 02:06:46.100
topics for the Sandbox Tao. We also talked at

02:06:46.100 --> 02:06:47.560
the very beginning of what the Sandbox Tao was.

02:06:47.920 --> 02:06:50.859
He's a well -known, very well -known voice in

02:06:50.859 --> 02:06:55.279
the community. Love him to death. So he had to

02:06:55.279 --> 02:07:00.060
resign from his post after he was submitted.

02:07:00.640 --> 02:07:05.239
And even though he won very handily, he had to

02:07:05.239 --> 02:07:08.180
resign for personal reasons. Well, here's my

02:07:08.180 --> 02:07:12.960
nomination. Yeah, so I'd like my bio here. Everyone

02:07:12.960 --> 02:07:17.199
submitted their nomination, their bio, what domain

02:07:17.199 --> 02:07:19.319
they wanted, what their second domain was, what

02:07:19.319 --> 02:07:22.739
their vision was, how were they going to do fair

02:07:22.739 --> 02:07:24.979
and efficient evaluation. I use smart criteria,

02:07:25.199 --> 02:07:27.060
specific, measurable, accountable, realistic,

02:07:27.199 --> 02:07:31.119
timely. And I added one, full disclosure, something

02:07:31.119 --> 02:07:35.340
I wanted in there. But then each, you know, here's

02:07:35.340 --> 02:07:38.180
money's nomination. I think that was the first

02:07:38.180 --> 02:07:40.829
one. Yeah, I was the first one to nominate. Then

02:07:40.829 --> 02:07:48.069
Money. Here's his. And then Ivey. Submitted his.

02:07:48.470 --> 02:07:58.109
Or theirs. Then... Then Joe did. Been in the

02:07:58.109 --> 02:08:04.069
community a long time. Yule Wolf did. Kunta held

02:08:04.069 --> 02:08:09.909
a space for it. Or... It was an episode, right?

02:08:09.989 --> 02:08:13.029
It was a Digging the Sand podcast episode, which

02:08:13.029 --> 02:08:17.210
unfortunately was deleted with the rest of the

02:08:17.210 --> 02:08:23.569
podcast. So bummer, but okay. And so we did it

02:08:23.569 --> 02:08:27.810
here. I think we did a space as well. Yeah, we

02:08:27.810 --> 02:08:32.189
did. We did a space. There it is. Long time ago.

02:08:32.949 --> 02:08:39.869
How about that? We did a space. and I did an

02:08:39.869 --> 02:08:44.210
AI transcript. That's right. Oh, the source is

02:08:44.210 --> 02:08:52.670
gone. Bummer. But an AI transcript, and we're

02:08:52.670 --> 02:08:56.430
trying to get to, so here's the order, trying

02:08:56.430 --> 02:09:00.850
to get to the point where, oh, I did an AI -generated

02:09:00.850 --> 02:09:12.729
episode on everybody. Oh, you're not here the

02:09:12.729 --> 02:09:17.250
whole time? Oh, that's because the browser was

02:09:17.250 --> 02:09:19.729
turned off. Oh, no. I hope you could hear the

02:09:19.729 --> 02:09:23.390
earlier stuff. If not, no big deal. Welcome to

02:09:23.390 --> 02:09:26.069
the deep dive. You flagged something really interesting

02:09:26.069 --> 02:09:27.430
for us. This was a bonus episode. A proposal

02:09:27.430 --> 02:09:30.829
brewing within the Sandbox DAO called SIP27.

02:09:31.329 --> 02:09:38.050
And I used Google's, they call it Notebook LM.

02:09:38.649 --> 02:09:41.850
It created a podcast version of your AI stuff.

02:09:42.409 --> 02:09:45.529
And it always said, it couldn't say DAO. It kept

02:09:45.529 --> 02:09:48.109
saying DAO. SIP 27. It's been getting. This is

02:09:48.109 --> 02:09:50.289
a bonus episode. Comprehensive list of responsibilities

02:09:50.289 --> 02:09:53.890
outlined. And it went over the actual. Lead there

02:09:53.890 --> 02:09:56.270
with 4 .5 million. Domain four. Domain four,

02:09:56.369 --> 02:09:58.609
community and charity. Currently, Lancer is in

02:09:58.609 --> 02:10:00.930
the lead there with 4 .5 million votes, about

02:10:00.930 --> 02:10:03.949
19 .81%. Lancer leading in one of his preferred

02:10:03.949 --> 02:10:06.590
domains. And domain three. Domain three, education,

02:10:06.909 --> 02:10:09.149
onboarding, and technology. Lancer is also leading

02:10:09.149 --> 02:10:12.989
there with 4 .4 million votes, roughly 19 .51%.

02:10:12.989 --> 02:10:15.529
Whoa, okay. Lancer leading in both of his preferred

02:10:15.529 --> 02:10:17.829
domains currently. That's significant. What about

02:10:17.829 --> 02:10:20.609
Ivy and money? Right. The numbers show Ivy. All

02:10:20.609 --> 02:10:22.109
right. I didn't even mean to go to that one,

02:10:22.170 --> 02:10:25.590
that section, but there. There it is. I forgot

02:10:25.590 --> 02:10:27.630
I did that. Oh yeah. And I was showing people

02:10:27.630 --> 02:10:29.909
like how I did it because at the time it had

02:10:29.909 --> 02:10:33.189
just come out and it was like a big deal. Oh

02:10:33.189 --> 02:10:36.369
yeah. I didn't even include a screenshot of how

02:10:36.369 --> 02:10:39.949
I, how I made it. So everyone could get like

02:10:39.949 --> 02:10:44.630
a little, a little snippet of it. Where is it?

02:10:44.689 --> 02:10:49.689
I'm looking for, looking for, okay, so here it

02:10:49.689 --> 02:10:53.069
is. Geraldine announces the winners of the domain.

02:10:54.640 --> 02:10:57.600
The Vision X is what he's known as, Joseph, right?

02:10:58.039 --> 02:11:03.899
So the next steps happen, and then I immediately

02:11:03.899 --> 02:11:08.380
create, like the next day, I think it was, I

02:11:08.380 --> 02:11:11.020
immediately create, this is what I showed you

02:11:11.020 --> 02:11:13.479
all earlier, so I won't go over everything all

02:11:13.479 --> 02:11:20.039
over again, but I created the structure using

02:11:20.039 --> 02:11:23.920
smart goals, and so did the other. So did the

02:11:23.920 --> 02:11:27.840
other allocators. Domain allocators. All right,

02:11:27.840 --> 02:11:33.199
so then... Ivey congratulates everyone, says

02:11:33.199 --> 02:11:47.840
thank you. Oh, I think here it is. Okay, here

02:11:47.840 --> 02:11:52.000
it is, I think. This is where they talk about...

02:11:54.159 --> 02:11:57.199
how Joseph is not able to serve the entire four

02:11:57.199 --> 02:12:03.300
months. So what are our options? And Kunta, the

02:12:03.300 --> 02:12:06.420
communications manager who was elected, that

02:12:06.420 --> 02:12:09.760
started building bridges, gave us some options.

02:12:10.119 --> 02:12:12.380
What were some options? We run another election,

02:12:12.579 --> 02:12:15.779
the admin team appoints a domain allocator or

02:12:15.779 --> 02:12:23.699
another person from the admin team. can manage

02:12:23.699 --> 02:12:26.239
it, or another domain allocator can. And then

02:12:26.239 --> 02:12:31.340
someone put forth Kami Saaze to Kami, who everyone

02:12:31.340 --> 02:12:35.920
pretty much knows. And... I said, can you call

02:12:35.920 --> 02:12:42.600
me Lanza? That's funny. Kami, who is Alex, he's

02:12:42.600 --> 02:12:45.680
on the same team as Joseph on the council QA.

02:12:46.100 --> 02:12:49.619
And he was put forward as a potential short -term

02:12:49.619 --> 02:12:53.680
replacement. And... He then asked the whole community

02:12:53.680 --> 02:12:56.380
what they thought. Kami then came in and said

02:12:56.380 --> 02:12:58.819
he'd be honored to, but he wanted to stress that

02:12:58.819 --> 02:13:00.659
he only wishes to take this role with the blessing

02:13:00.659 --> 02:13:03.880
of the DAO and only for expediency because this

02:13:03.880 --> 02:13:06.119
was after things had started and we needed to

02:13:06.119 --> 02:13:09.100
be doing things for each domain allocator needed

02:13:09.100 --> 02:13:11.760
to be doing things for their domain. So Kami

02:13:11.760 --> 02:13:15.260
was able to, was wanting to step in. You know,

02:13:15.260 --> 02:13:17.060
Jazz Wolf said, normally I want to run an election,

02:13:17.359 --> 02:13:19.420
but it's time sensitive, so let's put him in.

02:13:19.600 --> 02:13:25.260
Money said, Let's put him in. Andy says, let's

02:13:25.260 --> 02:13:27.699
put him in. Walpach said, let's put him in. I

02:13:27.699 --> 02:13:30.020
say, let's put him in. Basically, everyone's

02:13:30.020 --> 02:13:33.000
saying, Kami's there. Everyone knows him. Let's

02:13:33.000 --> 02:13:34.880
just put him in because we need to get this rolling.

02:13:35.079 --> 02:13:39.899
So that's what happens. Kami becomes fourth domain

02:13:39.899 --> 02:13:43.640
allocator. All right, and that was SIP 27, and

02:13:43.640 --> 02:13:46.619
it became a huge success. I went over those metrics

02:13:46.619 --> 02:13:52.479
earlier. All right, now we're in May. 2025. Getting

02:13:52.479 --> 02:13:56.399
to about a year ago. SIP 28. It was the only

02:13:56.399 --> 02:14:00.180
one in May. It was a $60 ,000 SIP for digital

02:14:00.180 --> 02:14:03.180
merchandise collection. I think the SIP was about

02:14:03.180 --> 02:14:07.619
how to convert NFTs into physical merchandise

02:14:07.619 --> 02:14:13.539
like hats or sweaters and stuff. $60 ,000 proposed

02:14:13.539 --> 02:14:17.319
by the community. It received a positive from

02:14:17.319 --> 02:14:22.600
the special counsel. 177 ballots voted. However,

02:14:22.880 --> 02:14:32.199
it received a no vote fairly. So it was 31 .53

02:14:32.199 --> 02:14:41.600
% no, 31 .51 % yes, but 37 % abstained. So more

02:14:41.600 --> 02:14:43.899
people abstained than any other. It definitely

02:14:43.899 --> 02:14:47.000
reached quorum at 159%. I can't remember why

02:14:47.000 --> 02:14:51.000
so many... So much voting power. I think maybe

02:14:51.000 --> 02:14:55.060
the Weldow had voted again during this one. So

02:14:55.060 --> 02:14:59.279
they had voted no on mine. And, yeah, they voted.

02:14:59.300 --> 02:15:02.720
They did. They voted for abstain. Okay. But you

02:15:02.720 --> 02:15:05.039
can see a lot of no's from a lot of the delegates

02:15:05.039 --> 02:15:09.960
here at the time. Robbie Curchado, Hidden Walls,

02:15:09.960 --> 02:15:13.779
also known as the intern. Shanti was not a delegate

02:15:13.779 --> 02:15:18.020
at the time. MoFat, Sabga, Byverson, Moaz, Old

02:15:18.020 --> 02:15:21.140
One was a delegate that later resigned. I think

02:15:21.140 --> 02:15:24.859
Shanti took his place. Hishmad, Secret Al, excuse

02:15:24.859 --> 02:15:29.859
me, Hervé, they were all delegates at the time.

02:15:30.680 --> 02:15:35.000
So that one did not pass because it received

02:15:35.000 --> 02:15:38.340
a majority no vote, but barely, barely, barely.

02:15:39.100 --> 02:15:43.159
So, and the rule here was like, if the abstain

02:15:43.159 --> 02:15:47.670
vote, was the majority. It then fell to whether

02:15:47.670 --> 02:15:51.229
it was yes or no. I think that was the rule.

02:15:51.710 --> 02:15:54.069
I can't remember right now. I'm pretty sure that

02:15:54.069 --> 02:15:56.170
was the rule. Must have been, because if it was

02:15:56.170 --> 02:15:59.729
abstain, then 37 % would have won. And abstain

02:15:59.729 --> 02:16:04.470
probably means no. But I'm pretty sure the no,

02:16:04.649 --> 02:16:08.810
31 .53 % won the day on that. All right, so then

02:16:08.810 --> 02:16:12.149
we go to June 2025, SIP 29. Only 10 SIPs away

02:16:12.149 --> 02:16:16.460
until we're done. It passed. It was a $13 ,000

02:16:16.460 --> 02:16:20.579
SIP or 33 ,000 SAND. And by this point, SAND

02:16:20.579 --> 02:16:25.020
is trading at 42 cents. It was put forth by the

02:16:25.020 --> 02:16:29.020
community. It was a positive special council

02:16:29.020 --> 02:16:33.200
recommendation. 200 wallets voted. 59 % said

02:16:33.200 --> 02:16:39.860
yes. It met quorum. So it passed. And that was

02:16:39.860 --> 02:16:42.899
Impact Game Jam winners. So it was a game jam.

02:16:44.010 --> 02:16:50.329
Then SIP 30, 31, and 32 all came out in June.

02:16:50.590 --> 02:16:55.290
All three of them passed. 30 was a $100 ,000

02:16:55.290 --> 02:17:04.610
SIP to fund Token 49. They call it side activation.

02:17:05.610 --> 02:17:12.389
Basically, that means that they had an after

02:17:12.389 --> 02:17:15.360
party. at token 49 so about a hundred thousand

02:17:15.360 --> 02:17:18.959
dollars korea blockchain weak side event was

02:17:18.959 --> 02:17:22.440
sip 31 they won a fifty thousand dollars and

02:17:22.440 --> 02:17:26.100
then the dow education experience request proposal

02:17:26.100 --> 02:17:28.620
came out that was a thirty thousand dollar sip

02:17:28.620 --> 02:17:32.860
all right that one's red because we won that

02:17:32.860 --> 02:17:36.299
one uh metaverse uh better worlds won that one

02:17:36.299 --> 02:17:39.879
it was our our thirty thousand dollar sip to

02:17:39.879 --> 02:17:43.420
do the doubt education hub remember earlier in

02:17:43.420 --> 02:17:46.299
the beginning of this episode i said if you want

02:17:46.299 --> 02:17:48.659
to learn more about the dow there is that gamified

02:17:48.659 --> 02:17:53.340
dow education hub experience next to jurassic

02:17:53.340 --> 02:17:56.719
park world this one here the very beginning of

02:17:56.719 --> 02:18:00.360
the sip this was a gamified way to learn about

02:18:00.360 --> 02:18:04.459
the dow within the sandbox game that came from

02:18:04.459 --> 02:18:08.940
sip number 32 where it was a request for proposal

02:18:08.940 --> 02:18:15.659
to uh to build a learning experience within the

02:18:15.659 --> 02:18:21.739
Sandbox game. There were one, two, three, four,

02:18:21.899 --> 02:18:25.540
five, six, seven different proposals that were

02:18:25.540 --> 02:18:31.100
submitted. And we received MetaWorlds, which

02:18:31.100 --> 02:18:33.680
partnered with Dankoi, who is a very well -known

02:18:33.680 --> 02:18:37.260
previous Game Jam winner. Also, we paired with

02:18:37.260 --> 02:18:42.049
Creative Crawler Studio. So this one here. Just

02:18:42.049 --> 02:18:43.629
like everybody else, you know, we came up with

02:18:43.629 --> 02:18:48.030
an overview of what were we going to build and

02:18:48.030 --> 02:18:51.090
what was it going to look like. You know, this

02:18:51.090 --> 02:18:54.129
was an early version. Dan Corey just went hard

02:18:54.129 --> 02:18:56.450
in the paint and he came out with an early version

02:18:56.450 --> 02:18:59.030
of what it would look like. So I was able to

02:18:59.030 --> 02:19:01.370
include that in our proposal. You know, what

02:19:01.370 --> 02:19:04.530
were our learning approach, our learning areas

02:19:04.530 --> 02:19:06.290
going to be? Like, what was our approach going

02:19:06.290 --> 02:19:08.229
to be? It's going to be learning about the Sandbox

02:19:08.229 --> 02:19:12.000
ecosystem, which... We've gone over in this episode

02:19:12.000 --> 02:19:16.120
as well, the very beginning down here, that one

02:19:16.120 --> 02:19:18.739
right there. So they're going to learn about

02:19:18.739 --> 02:19:20.280
the ecosystem. They're going to learn about how

02:19:20.280 --> 02:19:23.420
the sandbox style worked, which was the structure.

02:19:23.959 --> 02:19:25.979
So a lot of these things you'll see in the gamified

02:19:25.979 --> 02:19:31.020
version if you go there. All right, so then learn

02:19:31.020 --> 02:19:32.879
about the special counsel advisory board, learn

02:19:32.879 --> 02:19:36.420
about the SIP process. So that would be, I showed

02:19:36.420 --> 02:19:40.479
this a couple of times already today. in this

02:19:40.479 --> 02:19:42.659
episode. So the new SIP process, we were going

02:19:42.659 --> 02:19:45.700
to show how that was going to work. Then voting

02:19:45.700 --> 02:19:48.739
the discussion. How does voting work? How do

02:19:48.739 --> 02:19:50.979
you delegate? I'm sorry. How do you vote? How

02:19:50.979 --> 02:19:54.000
do you vote yes, no? How much sand and land was

02:19:54.000 --> 02:19:55.879
worth? Then we were going to learn about delegates.

02:19:56.239 --> 02:19:59.459
So how do you delegate? Who are the 12 voting

02:19:59.459 --> 02:20:01.799
delegates? And then we're going to learn about

02:20:01.799 --> 02:20:04.819
how do SIPs get curated and how do you get paid

02:20:04.819 --> 02:20:10.219
going through the... process of submitting a

02:20:10.219 --> 02:20:14.280
type form and then the request finance PDF I

02:20:14.280 --> 02:20:19.319
showed earlier on the website. So it was a three

02:20:19.319 --> 02:20:26.280
-part team alliance cooperation thing with myself

02:20:26.280 --> 02:20:30.680
at MetaWorld's team, Dan Coy, and then Creative

02:20:30.680 --> 02:20:33.319
Crawler Studio, all of which who were longtime

02:20:33.319 --> 02:20:36.940
community members. And here's our milestones.

02:20:37.629 --> 02:20:41.790
We end up completing it on time, ahead of schedule.

02:20:43.250 --> 02:20:45.670
All right, and here's our budget breakdown for

02:20:45.670 --> 02:20:49.149
why it cost $30 ,000, which was a conversation

02:20:49.149 --> 02:20:52.350
in and of itself. Some people were, most people

02:20:52.350 --> 02:20:56.649
who responded, responded with $30 ,000. Not all

02:20:56.649 --> 02:20:58.010
of them did, but most of them did. And that was

02:20:58.010 --> 02:21:01.389
because you knew that, I almost did this episode

02:21:01.389 --> 02:21:07.870
as the business of the sandbox. uh the business

02:21:07.870 --> 02:21:11.989
of a sandbox studio having produced two studios

02:21:11.989 --> 02:21:16.309
myself at that point uh the floor droppers and

02:21:16.309 --> 02:21:22.809
the what was the other one floor droppers and

02:21:22.809 --> 02:21:25.870
lava defense i knew how much it cost to build

02:21:25.870 --> 02:21:29.590
one and almost all of them came out of my pocket

02:21:29.590 --> 02:21:32.809
except for game maker fun which i was i i got

02:21:32.809 --> 02:21:36.030
enough but i still lost money on that one Because

02:21:36.030 --> 02:21:40.950
I didn't get really paid much. The developers,

02:21:41.229 --> 02:21:45.750
the game makers got paid. And most of the expenses

02:21:45.750 --> 02:21:50.690
went to building that sort of stuff. So you knew

02:21:50.690 --> 02:21:53.370
that $10 ,000 was not going to get you a good

02:21:53.370 --> 02:21:55.690
experience. $20 ,000 wasn't going to get you

02:21:55.690 --> 02:21:57.950
a good one either. $30 ,000 is about what it

02:21:57.950 --> 02:22:01.489
costs to build a real experience with over 100

02:22:01.489 --> 02:22:08.000
unique items. or over 70 unique items, minting,

02:22:08.000 --> 02:22:12.940
the whole thing you need to do, lockout. It was

02:22:12.940 --> 02:22:15.940
a very complicated endeavor, which is why it

02:22:15.940 --> 02:22:21.600
took many months to do. So 30 ,000 is what I

02:22:21.600 --> 02:22:23.620
quoted, just like a lot of others did, because

02:22:23.620 --> 02:22:26.260
that was the maximum that you could quote for

02:22:26.260 --> 02:22:31.000
that RFP. And all of us who knew that had built

02:22:31.000 --> 02:22:34.799
this thing before, Knew that $30 ,000 was what

02:22:34.799 --> 02:22:39.280
you needed. And yeah, that is what I needed.

02:22:39.659 --> 02:22:43.899
And paid my partners and paid the prize pool

02:22:43.899 --> 02:22:47.899
out for the test to make sure the test was successful.

02:22:48.299 --> 02:22:50.680
So there's a lot of components that went into

02:22:50.680 --> 02:23:00.260
it. And yeah. Yeah. That consumed my life for

02:23:00.260 --> 02:23:01.840
a time just to make sure that we would do that.

02:23:02.079 --> 02:23:06.620
Well, so that was positive by the special counsel.

02:23:07.299 --> 02:23:10.579
Various, it was decided on variously. MetaWorld

02:23:10.579 --> 02:23:14.700
won. 102 wallets voted. Received 140 % quorum.

02:23:16.719 --> 02:23:21.200
Okay, then SIP 33 and 34. Almost there. Almost

02:23:21.200 --> 02:23:24.219
there. You can see the end. SIPs 33 and 34 came

02:23:24.219 --> 02:23:28.040
out in August. One passed, one failed. SIP 33

02:23:28.040 --> 02:23:33.930
passed. It requested 64 ,000 USDC since August

02:23:33.930 --> 02:23:38.670
2025. Sand is now descending. It's decreasing.

02:23:38.770 --> 02:23:42.229
It's now trading at 35 cents. And that's where

02:23:42.229 --> 02:23:47.350
Sandbox Metaversity Campus wanted to build another

02:23:47.350 --> 02:23:52.030
university in the Philippines. I think it was

02:23:52.030 --> 02:23:58.920
the Philippines. Let me not misquote that. It

02:23:58.920 --> 02:24:06.959
was Indonesia. Maybe Philippines? Yeah, it was

02:24:06.959 --> 02:24:10.100
the Philippines. So they wanted to build another

02:24:10.100 --> 02:24:16.379
education place in the Philippines to teach people

02:24:16.379 --> 02:24:21.760
how to game make and make more game makers. 64

02:24:21.760 --> 02:24:27.270
,000 USDC. It passed. But the Bollywood... The

02:24:27.270 --> 02:24:30.829
Bollybox Bollywood launch, which failed. I don't

02:24:30.829 --> 02:24:32.629
recall this one too much. Let's take a look at

02:24:32.629 --> 02:24:36.090
what the what was. The what section said, Bollybox,

02:24:36.209 --> 02:24:39.389
the sandbox's first Bollywood -themed intellectual

02:24:39.389 --> 02:24:42.010
property land cell featuring real -world events

02:24:42.010 --> 02:24:45.670
and AI short film premiere. Three unique events,

02:24:45.709 --> 02:24:49.770
which would be the booth at a conference, a side

02:24:49.770 --> 02:24:54.370
event, so an after -party, and a Mumbai meet

02:24:54.370 --> 02:25:00.290
-and -greet. side party film premiere so that

02:25:00.290 --> 02:25:05.729
was that requested 31 000 usdc it did not pass

02:25:05.729 --> 02:25:10.110
so the the metaversity campus was community proposed

02:25:10.110 --> 02:25:14.329
whereas the bollywood the bolly box was was sandbox

02:25:14.329 --> 02:25:18.629
proposed both of them received a neutral recommendation

02:25:18.629 --> 02:25:21.350
from the special council about 100 wallace voted

02:25:21.350 --> 02:25:24.959
for each 63 % said yes, they wanted to vote for

02:25:24.959 --> 02:25:28.459
Metaversity Campus in the Philippines. 33%, I'm

02:25:28.459 --> 02:25:33.440
sorry, 42 % said no, they did not want Bolly

02:25:33.440 --> 02:25:39.020
Box Bollywood launch. So SIP 34 failed. Both

02:25:39.020 --> 02:25:44.879
of them reached quorum. 140 % quorum. All right,

02:25:44.920 --> 02:25:49.520
so that was SIP 33 and 34. And SIP 35 came out

02:25:49.520 --> 02:25:55.450
in late August. It passed. It was 130 ,000 USDC,

02:25:55.549 --> 02:26:00.069
Magic Realms AI games. All right, that one was

02:26:00.069 --> 02:26:02.889
proposed by Pepe and the Sandrush team. They

02:26:02.889 --> 02:26:05.010
were the same folks who created Magic Palette.

02:26:05.090 --> 02:26:08.149
So they wanted to expand Magic Palette to create

02:26:08.149 --> 02:26:11.090
a playable game within minutes versus however

02:26:11.090 --> 02:26:13.309
long it took before then or after that, which

02:26:13.309 --> 02:26:17.350
was probably hours, I guess, maybe less. But,

02:26:17.370 --> 02:26:22.309
excuse me. They wanted to solve the empty land

02:26:22.309 --> 02:26:25.270
problem. All right, it received another overwhelming

02:26:25.270 --> 02:26:29.649
yes vote because Sandrush team had a pretty successful

02:26:29.649 --> 02:26:34.850
resume developing Magic Palette. So it passed.

02:26:35.090 --> 02:26:38.190
It received a positive recommendation from the

02:26:38.190 --> 02:26:41.329
Sandbox Council. About 100 wallets voted. 86

02:26:41.329 --> 02:26:46.409
% said yes. It met quorum, so it passed. Then

02:26:46.409 --> 02:26:52.440
SIP 36. We're now in October 2025. Sand has now

02:26:52.440 --> 02:26:57.520
decreased to 22 cents, right? Whereas not long

02:26:57.520 --> 02:27:01.299
ago, it was 40 cents, right? Some month before

02:27:01.299 --> 02:27:05.420
that. It's 40 cents, but now it's at 22 cents.

02:27:05.860 --> 02:27:11.000
So, or excuse me, 32. No, no, we just went over

02:27:11.000 --> 02:27:15.120
SIP 35. That was 32 cents trading. So in October,

02:27:15.299 --> 02:27:19.870
SIP 36 and 37. Sam was trading at 22 cents, so

02:27:19.870 --> 02:27:22.450
that kind of hurts. But both of them passed.

02:27:23.049 --> 02:27:26.989
So SIP36 was Land Estate's sales tool, which

02:27:26.989 --> 02:27:29.309
I went over this one a number of times. When

02:27:29.309 --> 02:27:33.030
SIP39 passed, which pauses Sandbox now, it announced

02:27:33.030 --> 02:27:35.389
that SIP36 would be canceled. And I said, why?

02:27:35.610 --> 02:27:40.270
Why did you do that? Why did you do that? GBM

02:27:40.270 --> 02:27:45.209
is a tool within the Sandbox game, the website.

02:27:46.909 --> 02:27:50.329
San Juan scheme website. It provides a safe way

02:27:50.329 --> 02:27:55.229
to sell your land or buy land, right? Or trade

02:27:55.229 --> 02:27:57.569
them, auction them off. And it was like a reward

02:27:57.569 --> 02:28:04.090
mechanic for, for rewarded you for bidding because

02:28:04.090 --> 02:28:07.649
you got sand if you were outbid. So it rewarded

02:28:07.649 --> 02:28:12.069
you for placing bids. They wanted to create a

02:28:12.069 --> 02:28:16.989
estate. for selling estates. Estates are multiple

02:28:16.989 --> 02:28:19.889
lands put together. A land is a one -by -one.

02:28:20.010 --> 02:28:23.829
An estate is a three -by -three, six -by -six,

02:28:23.930 --> 02:28:28.930
12 -by -12, 24 -by -24, or more. So estates get

02:28:28.930 --> 02:28:31.850
pretty big. And to sell them, you have to sell

02:28:31.850 --> 02:28:35.969
a big, huge bulk of land at the same time. Otherwise,

02:28:36.030 --> 02:28:40.770
you do not own the whole estate. So the only

02:28:40.770 --> 02:28:44.540
way to do that used to be, A number of websites

02:28:44.540 --> 02:28:48.540
that offered escrow accounts, like smart contracts,

02:28:48.799 --> 02:28:53.739
they all vanished. For whatever reason, I've

02:28:53.739 --> 02:28:57.719
used them over time, years ago, but when I tried

02:28:57.719 --> 02:29:00.920
to use it last year to buy my last estate, I

02:29:00.920 --> 02:29:02.500
couldn't use any of them because they were all

02:29:02.500 --> 02:29:05.540
gone. The only way was to use OpenSea, and you

02:29:05.540 --> 02:29:09.260
could only do it in batches of 50. So if you

02:29:09.260 --> 02:29:12.750
owned one of those bigger estates... you would

02:29:12.750 --> 02:29:15.069
have to do multiple batches. And it would be

02:29:15.069 --> 02:29:18.790
privately sold. So it was a really, really complicated

02:29:18.790 --> 02:29:22.270
effort to make that happen. So this SIP came

02:29:22.270 --> 02:29:27.989
out, SIP 36, to provide a safe way for people

02:29:27.989 --> 02:29:32.709
to sell their estates using the in -house method

02:29:32.709 --> 02:29:38.430
by the sandbox DAO partnered with GBM. So they

02:29:38.430 --> 02:29:41.879
wanted $60 ,000 to develop that. And then SIP

02:29:41.879 --> 02:29:45.719
37 was Metaverse Odyssey integration, which was

02:29:45.719 --> 02:29:48.899
a $12 ,000 USDC. I don't recall what that one

02:29:48.899 --> 02:29:53.860
was. Let's take a look. What? The Metaverse Odyssey

02:29:53.860 --> 02:29:56.979
Samox edition is a one -month gamified event

02:29:56.979 --> 02:29:59.659
series designed to showcase how brands can seamlessly

02:29:59.659 --> 02:30:03.100
integrate into the Samox ecosystem. How are they

02:30:03.100 --> 02:30:04.920
going to do that? They were going to run a one

02:30:04.920 --> 02:30:07.620
-month season gamified events combining weekly

02:30:07.620 --> 02:30:09.780
game nights, brand -driven narratives, live streams.

02:30:10.430 --> 02:30:13.030
Custom partner integrations. Demonstrating independent

02:30:13.030 --> 02:30:15.489
studios can leverage the sandbox to deliver community

02:30:15.489 --> 02:30:18.389
engagement campaigns. Okay. So they're going

02:30:18.389 --> 02:30:22.989
to run like community -led game jams and different

02:30:22.989 --> 02:30:27.270
organized events to promote the sandbox and get

02:30:27.270 --> 02:30:30.969
participation going. So that was going to be

02:30:30.969 --> 02:30:35.450
a $12 ,000 USDC. Both of them, both the land

02:30:35.450 --> 02:30:39.270
estate tool and the Metaverse Odyssey integration.

02:30:41.119 --> 02:30:44.760
Both of them were community -driven. Both of

02:30:44.760 --> 02:30:47.579
them received neutral from the special counsel.

02:30:48.680 --> 02:30:53.059
But both of them passed. So by that point, the

02:30:53.059 --> 02:30:56.100
special counsel, almost a couple of years into

02:30:56.100 --> 02:30:58.680
its tenure, it was maintaining a very low profile.

02:30:58.840 --> 02:31:00.219
We didn't really hear much from any of the special

02:31:00.219 --> 02:31:04.120
counsel members, except Seb, who was the COO

02:31:04.120 --> 02:31:08.979
and co -founder. He was traveling all the time.

02:31:09.389 --> 02:31:14.670
And remember, this was October 2025. What happened

02:31:14.670 --> 02:31:20.829
this past August 2025? Let's take a look at our

02:31:20.829 --> 02:31:25.149
timeline, our road to DAO. So what happened 2025

02:31:25.149 --> 02:31:28.909
in August? The Sandbox company gets restructured.

02:31:29.350 --> 02:31:33.790
So shortly after the restructuring happens and

02:31:33.790 --> 02:31:40.319
Robbie Young becomes the CEO. And Arthur Madrid

02:31:40.319 --> 02:31:45.700
becomes chairman and Seb becomes global brand

02:31:45.700 --> 02:31:49.860
ambassador. So Seb is no longer COO, chief operating

02:31:49.860 --> 02:31:53.360
officer. That happened in August, right? So if

02:31:53.360 --> 02:32:00.040
we go back to our spreadsheet here, in August,

02:32:00.079 --> 02:32:07.870
the last SIP where Seb was COO was SIP 35. Magic

02:32:07.870 --> 02:32:10.930
Realms with Pepe and the Sam Rush team. By the

02:32:10.930 --> 02:32:14.329
time the Lance Estate tool hits, as well as Metaversity,

02:32:14.350 --> 02:32:19.010
or Metaverse Odyssey integration campaign, it's

02:32:19.010 --> 02:32:23.209
October and the restructuring has happened. So

02:32:23.209 --> 02:32:27.709
Robbie Young is now the CEO and has not yet held

02:32:27.709 --> 02:32:35.110
his CEO AMA with Sandbox 3 .0. It happens in

02:32:35.110 --> 02:32:38.620
December. a couple months later. So none of us

02:32:38.620 --> 02:32:41.459
really knows this is happening. The Sandbox 3

02:32:41.459 --> 02:32:44.100
.0 is on its way and going to be introduced in

02:32:44.100 --> 02:32:47.700
December. In October, these two SIPs, SIPs 36

02:32:47.700 --> 02:32:51.420
and 37, pass. So we think we're going to get

02:32:51.420 --> 02:32:54.899
a land estate tool and an engagement campaign

02:32:54.899 --> 02:33:02.239
because they pass with the yes vote. And 42 %

02:33:02.239 --> 02:33:09.360
quorum. I'm sorry, 140 % quorum at 42 quorum

02:33:09.360 --> 02:33:12.319
amount. That's pretty incredible. That was a

02:33:12.319 --> 02:33:17.120
lot. Wait a minute. That doesn't look right at

02:33:17.120 --> 02:33:22.040
all. Hold on. Something went wrong here. Check

02:33:22.040 --> 02:33:30.260
these numbers. Hmm. So SIP35 received 138%. Yeah,

02:33:30.280 --> 02:33:34.379
so that one's correct. That's 41, right? So then,

02:33:34.540 --> 02:33:36.440
oh, I must have entered the wrong number on accident.

02:33:37.280 --> 02:33:42.280
SIP 36. Take a look at SIP 36. And then SIP 37.

02:33:45.520 --> 02:33:50.579
So SIP 36 received, oh, 140 % quorum. Okay, cool.

02:33:52.139 --> 02:33:57.040
And SIP 37, 140 % quorum. Okay, so I did. Good

02:33:57.040 --> 02:34:00.879
to know that when I recheck these numbers that

02:34:00.879 --> 02:34:03.649
I rechecked them correctly. All right, so that's

02:34:03.649 --> 02:34:08.190
SIP 36, 37. They passed. SIP 38, we're now in

02:34:08.190 --> 02:34:14.350
December 2025. Sand is trading at 11 cents. Whoops.

02:34:15.030 --> 02:34:19.250
It's decreased a lot since even a month prior,

02:34:20.069 --> 02:34:23.889
when in October, or a couple months prior, when

02:34:23.889 --> 02:34:27.549
it was trading at 22 cents, and then it was trading

02:34:27.549 --> 02:34:32.930
at 35 and 40 cents in July. So within six months,

02:34:33.110 --> 02:34:39.450
we are now down to $0 .11. And it's an all -time

02:34:39.450 --> 02:34:46.569
high of $0 .66. And earlier that year in January.

02:34:46.909 --> 02:34:50.469
So we went from at the beginning of January 2025,

02:34:51.370 --> 02:34:56.969
Sam was trading at $0 .66. We get to May, the

02:34:56.969 --> 02:35:02.059
halfway point of 2025, we're at $0 .45. Mark

02:35:02.059 --> 02:35:05.100
a notable decrease. Then we get to the end of

02:35:05.100 --> 02:35:10.260
2025. We're at 11 cents. That's a 50 cent decrease.

02:35:10.639 --> 02:35:15.219
That is a huge decrease in sand. So, bummer.

02:35:15.420 --> 02:35:20.219
Big bummer. That happened. So SIP 38 in December,

02:35:20.440 --> 02:35:24.139
it fails. What was it? It was an art commission

02:35:24.139 --> 02:35:32.000
grant. However... I don't think it really failed.

02:35:32.680 --> 02:35:36.040
It's one of those weird, quirky ones. This was

02:35:36.040 --> 02:35:47.100
an election off of the Arthmort's team over here,

02:35:47.120 --> 02:35:51.940
NFT Collection. They wanted to do an art commission.

02:35:52.239 --> 02:35:54.860
So they wanted to commission someone to build

02:35:54.860 --> 02:36:00.530
art for that SIP. That SIP was... SIP 26, right?

02:36:00.569 --> 02:36:09.889
So similar to how an RFP for the RFP for, where

02:36:09.889 --> 02:36:18.190
is it? Okay, so RFP, the request for proposal

02:36:18.190 --> 02:36:21.110
for SIP 25 was establishing the SDGP program,

02:36:21.149 --> 02:36:27.860
and then SIP 27 was the election. For the SDG

02:36:27.860 --> 02:36:33.239
people around, same deal. Over here in SIP 38,

02:36:33.760 --> 02:36:36.459
Arthmore's team wanted to commission someone

02:36:36.459 --> 02:36:39.540
to do some art, right? To do like a little mini

02:36:39.540 --> 02:36:44.180
grant. But it was a $0 because they wanted people

02:36:44.180 --> 02:36:46.680
to vote on the people they had already selected,

02:36:46.739 --> 02:36:49.139
not vote that they would use the money for that.

02:36:49.200 --> 02:36:52.139
They had already decided that they had the authority

02:36:52.139 --> 02:36:58.540
to use that money from SIP 26. and it seemed

02:36:58.540 --> 02:37:00.059
like the Dao having team agreed with him, so

02:37:00.059 --> 02:37:03.260
that's why I went to vote. So, Art Commission

02:37:03.260 --> 02:37:07.040
commences, and let's see who won. Random Freaks

02:37:07.040 --> 02:37:12.959
wins at 44 % of the vote. Excalibur, eBoy, Khalid,

02:37:13.040 --> 02:37:18.059
Makshoosh, and Chepratom. They were in the running

02:37:18.059 --> 02:37:24.379
as well for the Dao Art Commission. Alright,

02:37:24.479 --> 02:37:28.649
so technically, the... The SIP -38 fails. Why

02:37:28.649 --> 02:37:30.629
does it fail? Because it doesn't meet quorum.

02:37:31.549 --> 02:37:37.069
91 % quorum at 27%. Now, why does it not meet

02:37:37.069 --> 02:37:47.030
quorum? Let's take a look. Alright. Shanti, 4.

02:37:47.989 --> 02:37:52.469
Curchado, 4. Iverson, 2. Hishmad, 2. Batman,

02:37:52.629 --> 02:37:56.309
2. Okay, so it looks like that... Here in December,

02:37:56.610 --> 02:38:01.290
the delegates voting power has not yet been rescinded.

02:38:01.489 --> 02:38:05.709
So they still have. The delegate voting power

02:38:05.709 --> 02:38:07.629
they're supposed to have. I'm looking through

02:38:07.629 --> 02:38:14.129
the names. Right. I don't see. I don't see how

02:38:14.129 --> 02:38:17.750
here. Everyone still has their voting power like

02:38:17.750 --> 02:38:22.190
they're supposed to. So it must have been because

02:38:22.190 --> 02:38:27.600
a delegate did not vote. That should have. So

02:38:27.600 --> 02:38:29.700
there's probably some delegates missing. From

02:38:29.700 --> 02:38:34.420
this list here. Of 27 million voting power. And.

02:38:35.260 --> 02:38:39.680
Because of that. The vote does not. Meet quorum.

02:38:39.739 --> 02:38:43.219
It doesn't pass. However. I think kind of technically.

02:38:43.399 --> 02:38:46.100
Maybe it didn't need to. Because it was a sip

02:38:46.100 --> 02:38:49.520
on a sip. So we never really get to find out.

02:38:50.000 --> 02:38:53.620
Because this happened December 24th. Right. So

02:38:53.620 --> 02:38:56.719
if we look at a little timeline. Robbie Young

02:38:56.719 --> 02:39:02.500
has already given his Sandbox 3 .0 pitch, that

02:39:02.500 --> 02:39:08.459
change is coming. And then not even a month later,

02:39:08.739 --> 02:39:12.379
the Dow team announces SIP 39. So what's SIP

02:39:12.379 --> 02:39:17.540
39? Our last SIP that we just went through. SIP

02:39:17.540 --> 02:39:21.600
39 passes. SIP 39 is a pausing of the Sandbox

02:39:21.600 --> 02:39:25.030
Dow. I devoted an entire episode to this. I think

02:39:25.030 --> 02:39:33.170
it was, I showed earlier what those were here.

02:39:35.110 --> 02:39:41.229
The DAO has passed. All right, so SIP 70 was

02:39:41.229 --> 02:39:46.649
a deep dive into the results, whereas SIP 69

02:39:46.649 --> 02:39:51.510
was a read -through of the SIP. 668 was clarification

02:39:51.510 --> 02:39:56.639
from our global brand ambassador. On SIP67, when

02:39:56.639 --> 02:40:00.520
I keep saying SIP, I'm sorry. Sandow70, episode

02:40:00.520 --> 02:40:04.440
70, was an update on the SIP results. Sandow69

02:40:04.440 --> 02:40:10.540
was a read -through of SIP39, the pausing of

02:40:10.540 --> 02:40:14.180
the sandbox DAO. And then SIP, did it again.

02:40:15.159 --> 02:40:20.639
Sandow68 was an interview of Sebastian Bourget,

02:40:20.680 --> 02:40:23.569
the Global Brand Ambassador. which was clarifying

02:40:23.569 --> 02:40:29.469
the remarks made and the reaction I gave to the

02:40:29.469 --> 02:40:35.190
Dow pause and Sandow 67, which was covering the

02:40:35.190 --> 02:40:42.309
AMAs here on this timeline of Robbie Young from

02:40:42.309 --> 02:40:51.360
December. Hold on a second. Fix that. So the

02:40:51.360 --> 02:40:55.659
AMAs that happened in December and January 28th,

02:40:55.659 --> 02:41:02.399
when they host their AMA. Over here, the one

02:41:02.399 --> 02:41:06.399
that didn't, that had that replay bug, right?

02:41:06.440 --> 02:41:09.520
So the one that didn't have the replay bug that

02:41:09.520 --> 02:41:14.079
I was able to cover, I used that episode, those

02:41:14.079 --> 02:41:20.379
two episodes, okay? So that is... What's happening?

02:41:20.440 --> 02:41:28.600
The timeline. So SIP39 comes out, pauses Sandbox

02:41:28.600 --> 02:41:30.639
DAO. I do a whole episode on that, right? It

02:41:30.639 --> 02:41:34.719
passes, but it passes with a little bit of underhandedness

02:41:34.719 --> 02:41:40.879
from the Sandbox company who revokes the 24 million

02:41:40.879 --> 02:41:43.260
voting power that the 12 delegates have been

02:41:43.260 --> 02:41:46.899
voting with, the meet quorum, since, what was

02:41:46.899 --> 02:41:51.920
it? Since... whatever this one sip one is sip

02:41:51.920 --> 02:41:56.260
15 right so over a year over a year of the 12

02:41:56.260 --> 02:41:59.159
delegates voting with 24 million delegate uh

02:41:59.159 --> 02:42:05.860
delegated power voting power to meet quorum over

02:42:05.860 --> 02:42:08.959
here in this column right quorum's great quorum's

02:42:08.959 --> 02:42:11.760
great quorum's great great great okay still great

02:42:11.760 --> 02:42:16.299
here but the catch is the sandbox game company

02:42:16.299 --> 02:42:21.690
shifts or and the sandbox DAO shifted 24 million

02:42:21.690 --> 02:42:26.829
voting from the 12 delegates to itself, which

02:42:26.829 --> 02:42:30.590
is why it voted with 53 million voting power.

02:42:30.729 --> 02:42:33.690
It's a pretty big increase from its 27 million

02:42:33.690 --> 02:42:35.989
voting power that it's been voting with when

02:42:35.989 --> 02:42:38.389
it would vote accidentally or when it voted for,

02:42:38.469 --> 02:42:41.170
it really wanted the ambassador program to go

02:42:41.170 --> 02:42:44.049
through. But it voted with 53 million. This is

02:42:44.049 --> 02:42:48.129
almost certainly the Simbox DAO wallet over here.

02:42:50.190 --> 02:42:55.989
So it voted. It got an 80 % yes. Caveat, it got

02:42:55.989 --> 02:42:59.190
an 80 % yes because it hijacked 24 million voting

02:42:59.190 --> 02:43:04.170
from the 12 delegates. And I did the math on

02:43:04.170 --> 02:43:06.909
that episode where I covered it in depth. If

02:43:06.909 --> 02:43:10.110
we had not voted, I'm sorry, if the delegates

02:43:10.110 --> 02:43:12.510
would have voted with their voting power, the

02:43:12.510 --> 02:43:15.430
way they voted, and SIP 39 here, with everyone

02:43:15.430 --> 02:43:18.049
else having voted, not all delegates voted yes.

02:43:18.729 --> 02:43:23.069
Some voted no, and vice versa. Some did want

02:43:23.069 --> 02:43:27.209
to pause the DAO, and others did not want to

02:43:27.209 --> 02:43:31.510
pause the DAO. So I took them, I created a statistic

02:43:31.510 --> 02:43:34.750
out of it, and then I applied that to the 24

02:43:34.750 --> 02:43:36.670
million that they would have been voting with

02:43:36.670 --> 02:43:40.170
like normal. And I calculated that had they done

02:43:40.170 --> 02:43:44.309
that, the SIP would have failed. First, it would

02:43:44.309 --> 02:43:48.940
have failed because it didn't meet quorum. Because

02:43:48.940 --> 02:43:53.500
that 27 million. But also it would have failed

02:43:53.500 --> 02:43:56.379
the no vote. I'm sorry. Dang it. It would have

02:43:56.379 --> 02:43:59.219
failed the yes vote. The no vote would have won.

02:43:59.739 --> 02:44:01.819
So we would have voted, the community would have

02:44:01.819 --> 02:44:05.260
voted to not pass the DAO. And that was me applying

02:44:05.260 --> 02:44:10.540
mathematics to see if we had applied that 24

02:44:10.540 --> 02:44:15.340
million voting power and the way it should have

02:44:15.340 --> 02:44:17.620
been with the delegates. Most of the delegates

02:44:17.620 --> 02:44:19.540
would have voted no. It would have been close,

02:44:19.600 --> 02:44:24.840
though. It was like 47 % no, 41 % yes. So it

02:44:24.840 --> 02:44:28.399
would have been a very close vote. But the no

02:44:28.399 --> 02:44:31.399
vote would have won. The Dow would not be paused.

02:44:31.899 --> 02:44:37.440
All right. So there you go. SIP 39. Those are

02:44:37.440 --> 02:44:42.799
39 SIPs. All right. And then my honorary mention

02:44:42.799 --> 02:44:46.520
down there at the bottom here. is the TSB roadmap,

02:44:46.719 --> 02:44:53.659
which I created as a SIP idea back when anyone

02:44:53.659 --> 02:45:00.540
could create SIPs. And it wasn't allowed to go

02:45:00.540 --> 02:45:07.579
to vote because the DAO admin team decided to

02:45:07.579 --> 02:45:10.040
make it a feature request to the dev team. The

02:45:10.040 --> 02:45:12.909
dev team agreed to do it. And so it didn't have

02:45:12.909 --> 02:45:14.350
to go to vote because the dev team just said,

02:45:14.409 --> 02:45:16.850
yeah, we'll create a roadmap. And so the Kunta

02:45:16.850 --> 02:45:20.969
at February, 2025 announced that, Hey, big news.

02:45:21.809 --> 02:45:25.690
The sandbox style game company agreed to create

02:45:25.690 --> 02:45:30.309
a roadmap. And so I claimed honorary victory

02:45:30.309 --> 02:45:34.530
on that one because it became about as my, my,

02:45:34.790 --> 02:45:38.659
my sip idea that it wasn't. that wouldn't go

02:45:38.659 --> 02:45:40.280
to vote go to vote this is what i would have

02:45:40.280 --> 02:45:43.040
built it as you know kind of make it like kind

02:45:43.040 --> 02:45:45.379
of like a gantt chart or a pistol chart what's

02:45:45.379 --> 02:45:48.819
known as and try and you know meta worlds is

02:45:48.819 --> 02:45:50.899
going to build it but that's where they said

02:45:50.899 --> 02:45:53.180
now we'll ask the dev team to see if they will

02:45:53.180 --> 02:45:56.940
and they did so they did and so i screenshotted

02:45:56.940 --> 02:45:58.860
it here's what it looked like it's no longer

02:45:58.860 --> 02:46:02.879
available it was made private um about the time

02:46:02.879 --> 02:46:09.329
that the the dow pause happened And it was a

02:46:09.329 --> 02:46:12.829
Trello board. It was awesome. Loved it. People

02:46:12.829 --> 02:46:18.049
were so happy. And it was very helpful to everyone,

02:46:18.250 --> 02:46:23.170
like studios, who needed to pre -plan. I forgot

02:46:23.170 --> 02:46:27.549
about that. My formal declaration of war on the

02:46:27.549 --> 02:46:30.290
30 -character limit. Because whenever you reply

02:46:30.290 --> 02:46:33.350
on the forums, you had to type 30 characters

02:46:33.350 --> 02:46:36.139
or it wouldn't let you. And everybody made a

02:46:36.139 --> 02:46:38.120
joke out of it because it was just so difficult

02:46:38.120 --> 02:46:41.159
to do that sometimes when all you wanted to do

02:46:41.159 --> 02:46:42.819
was like make a few words like, yes, I agree.

02:46:42.979 --> 02:46:44.819
But you can't say that because it's not 30 characters.

02:46:44.979 --> 02:46:47.659
So everyone would just like, I don't know, copy

02:46:47.659 --> 02:46:51.079
pasta stuff. And everybody would just like add

02:46:51.079 --> 02:46:58.000
random stuff to their responses. So I decided

02:46:58.000 --> 02:47:01.799
to declare war on the 30 character limit. And

02:47:01.799 --> 02:47:09.209
then I copied. A speech from Churchill. The storm.

02:47:09.590 --> 02:47:12.989
Will fight on the beaches. Will fight in the

02:47:12.989 --> 02:47:16.610
landing fields. And on the streets. And then

02:47:16.610 --> 02:47:22.290
I just. Changed all the words. To like. Sandbox

02:47:22.290 --> 02:47:27.709
style specific stuff. It was funny. I thought

02:47:27.709 --> 02:47:33.459
it was funny. So. Yeah, there we go. The intern,

02:47:33.700 --> 02:47:38.920
also known as the Hidden Walls, he immediately

02:47:38.920 --> 02:47:41.239
spotted Winston Churchill's speech out of that.

02:47:41.979 --> 02:47:45.399
So, yeah, so Kunta, our communications manager,

02:47:45.520 --> 02:47:48.299
said, yeah, if anyone else is sick of it, let's

02:47:48.299 --> 02:47:51.139
try and get rid of it. And so everyone was, yeah,

02:47:51.159 --> 02:47:53.659
see, look, there it is. Kunta added just, like,

02:47:53.659 --> 02:47:56.139
random characters to meet the 30 -character limit.

02:47:56.319 --> 02:47:58.879
It was a nice little community rallying moment.

02:48:02.399 --> 02:48:07.139
Yes. So we were able to make a game out of it

02:48:07.139 --> 02:48:11.000
for a while. And eventually the character limit

02:48:11.000 --> 02:48:17.440
was able to be reduced. And I'm sorry, increased.

02:48:18.459 --> 02:48:22.020
Yeah, I'm sorry, reduced. It reduced to 10 characters

02:48:22.020 --> 02:48:29.340
and we won the war. So good times. That was a

02:48:29.340 --> 02:48:38.729
fun time. And Kunta did spaces with it. We did

02:48:38.729 --> 02:48:43.129
it. Victory. We won over 30 character limit.

02:48:43.590 --> 02:48:45.850
And it was reduced down to like 10 or something.

02:48:46.049 --> 02:48:48.969
Oh, I copied another Winston Churchill speech

02:48:48.969 --> 02:48:55.110
and made it into the DAO. I don't know. Since

02:48:55.110 --> 02:48:57.250
we're talking about the Sandbox DAO, I decided

02:48:57.250 --> 02:48:59.110
to dote on this for a second. It was a fun little

02:48:59.110 --> 02:49:04.649
moment. Oh, there it is. There's the space. What

02:49:04.649 --> 02:49:09.950
space was that? Yep. We did a spaces on it. Right.

02:49:10.110 --> 02:49:12.530
And I must. Oh, yeah, I did talk. I must have

02:49:12.530 --> 02:49:16.329
talked. And we had different people on. Oh, man.

02:49:17.549 --> 02:49:19.110
One day I might want to go back and listen to

02:49:19.110 --> 02:49:26.809
that. Play a few seconds of that. About. It's

02:49:26.809 --> 02:49:31.770
broken down into. Excuse me. Just ate breakfast.

02:49:35.909 --> 02:49:40.110
Absolutely. I wanted to shout out the name of

02:49:40.110 --> 02:49:41.909
that person that just jumped in here. I don't

02:49:41.909 --> 02:49:43.690
know if I can pronounce that, though. Zadaku

02:49:43.690 --> 02:49:46.209
is the best number. Farming or something like

02:49:46.209 --> 02:49:52.870
that. I imagine the dev team has to face a dynamic.

02:49:53.790 --> 02:49:57.129
a dynamic workload that might shift from season

02:49:57.129 --> 02:49:59.250
to season even because you know it's founder

02:49:59.250 --> 02:50:04.229
driven company you know and so so it was uh it's

02:50:04.229 --> 02:50:09.809
fun good time all right so i brought that up

02:50:09.809 --> 02:50:16.229
to say that this was a a sip idea that i had

02:50:16.229 --> 02:50:18.950
that did not go to vote but ended up being implemented

02:50:18.950 --> 02:50:25.620
so i i claimed Honorary victory on that. All

02:50:25.620 --> 02:50:29.239
right, so there's our 39 sips. Okay, so let's

02:50:29.239 --> 02:50:34.959
go over the last bit of today's episode. Sandow

02:50:34.959 --> 02:50:39.760
podcast. All right, so we first went over the

02:50:39.760 --> 02:50:51.979
timeline, then we went over the structure. Timeline.

02:50:52.920 --> 02:50:59.600
Structure. Why are we suddenly not able to do

02:50:59.600 --> 02:51:04.680
this? Fix this. There we go. Okay. Timeline structure.

02:51:05.959 --> 02:51:10.559
And now we just finished going over 39 sips for

02:51:10.559 --> 02:51:14.659
the sandbox style sips. All right. We went a

02:51:14.659 --> 02:51:17.520
little bit into snapshot, mostly went on the

02:51:17.520 --> 02:51:21.120
updated checkbooks. We went over the... the team

02:51:21.120 --> 02:51:23.420
admin teams kind of alternative view on how the

02:51:23.420 --> 02:51:27.040
numbers crunched and then we just went over the

02:51:27.040 --> 02:51:30.659
39 steps here in the rec the results review last

02:51:30.659 --> 02:51:35.399
thing we'll cover now are the statistics so where

02:51:35.399 --> 02:51:41.079
does that leave us on our statistics here are

02:51:41.079 --> 02:51:44.879
the statistics as i calculated them all right

02:51:44.879 --> 02:51:52.819
so okay we do that there we go um maybe this

02:51:52.819 --> 02:51:55.479
is not going to work here let's go to our other

02:51:55.479 --> 02:52:00.659
slide this one oh it's because there's an updated

02:52:00.659 --> 02:52:11.799
number right yeah let's put in a new yep there

02:52:11.799 --> 02:52:22.649
we are Alright, so let's just go over this one

02:52:22.649 --> 02:52:26.690
then. So here are our statistics that I've calculated

02:52:26.690 --> 02:52:31.049
after 39 SIPs. Our first SIP, Sandbox Improvement

02:52:31.049 --> 02:52:36.809
Proposal, came out June 12, 2024. The last SIP

02:52:36.809 --> 02:52:41.209
ended February 25, 2026. So that was about a

02:52:41.209 --> 02:52:44.930
month ago. The number of days our DAO was active

02:52:44.930 --> 02:52:49.920
was 623 days. Because when it paused, it paused

02:52:49.920 --> 02:52:53.340
now here at the end of the month. About eight

02:52:53.340 --> 02:52:57.399
days. All right, that's 20 months of active DAO.

02:52:57.479 --> 02:53:03.280
Over a year. About a year and a half. We had

02:53:03.280 --> 02:53:06.379
39 SIPs that went through the voting process.

02:53:06.979 --> 02:53:12.659
27 of them passed, which is 69 % of the 39 SIPs

02:53:12.659 --> 02:53:16.520
total. 12 of them failed, which is 44 % of the

02:53:16.520 --> 02:53:22.059
39 SIPs total. Of those 39 sips, 24 of them received

02:53:22.059 --> 02:53:26.239
a positive special counsel recommendation, which

02:53:26.239 --> 02:53:31.600
was about 62 % of the 39 sips. Six of them received

02:53:31.600 --> 02:53:34.639
negative special counsel recommendations, which

02:53:34.639 --> 02:53:38.520
were 22%. And as we learned, just because it

02:53:38.520 --> 02:53:40.719
had a negative special counsel recommendation

02:53:40.719 --> 02:53:48.000
didn't mean that it would not pass. For Sandow,

02:53:48.219 --> 02:53:52.500
the fund Sandow and SIP 18 did not pass, and

02:53:52.500 --> 02:53:56.500
it received a negative. However, my SIP 21 resubmission

02:53:56.500 --> 02:53:59.760
of the window resizing received a negative, but

02:53:59.760 --> 02:54:05.540
it did pass. So, but it's still important to

02:54:05.540 --> 02:54:07.319
know it was a heavyweight factor for a number

02:54:07.319 --> 02:54:10.940
of voters. All right, our average voting power

02:54:10.940 --> 02:54:16.069
that was voted on per SIP was 36 million. So

02:54:16.069 --> 02:54:21.110
we struggle with quorum for about until SIP 16,

02:54:21.350 --> 02:54:26.590
until the delegates came into power with their

02:54:26.590 --> 02:54:30.610
24 million voting power. But even then, for all

02:54:30.610 --> 02:54:36.129
39 SIPs, the average voting power per SIP was

02:54:36.129 --> 02:54:41.610
36 million. So that's above quorum. However,

02:54:41.930 --> 02:54:49.649
that 1 % there, That is 1 % of the total voting

02:54:49.649 --> 02:54:53.510
power that is out there in the world. Blockchain.

02:54:54.469 --> 02:55:01.129
All right, so 3 .4 billion voting power is out

02:55:01.129 --> 02:55:03.370
there. All right, now how did I get that number?

02:55:03.450 --> 02:55:08.270
That number came from calculating the circulating

02:55:08.270 --> 02:55:12.010
sand supply. All right, so 3 billion total sand

02:55:12.010 --> 02:55:15.069
supply. Not all of it is available for voting.

02:55:15.409 --> 02:55:19.510
2 .6 billion of it is circulating. So in theory,

02:55:19.670 --> 02:55:22.829
2 .6 billion of it is available for voting. I

02:55:22.829 --> 02:55:29.229
use that number. That number plus the land supply,

02:55:29.469 --> 02:55:34.930
which is 166 ,000, times their 4 ,500 voting

02:55:34.930 --> 02:55:37.709
power per land, whereas sand is one voting power

02:55:37.709 --> 02:55:40.889
per one sand. So that's 2 .6 billion sand voting

02:55:40.889 --> 02:55:45.770
power plus... 749 million land voting power equals

02:55:45.770 --> 02:55:51.629
3 .4 billion voting power total. Of that total

02:55:51.629 --> 02:55:54.729
voting power that is possible to vote on, because

02:55:54.729 --> 02:55:56.510
we're taking out strategic reserves, we're taking

02:55:56.510 --> 02:56:00.489
out stuff that hasn't been released yet, if you

02:56:00.489 --> 02:56:02.530
go up there to average voting power per SIP,

02:56:02.649 --> 02:56:07.430
only 1 % of the total voting power out there

02:56:07.430 --> 02:56:13.170
voted on average per SIP, It's not a lot of participation,

02:56:13.489 --> 02:56:17.430
but it's still a lot of voting power. All right,

02:56:17.450 --> 02:56:21.649
so how many wallets voted per SIP? On average,

02:56:21.870 --> 02:56:26.610
369. Now that number, that percentage is way

02:56:26.610 --> 02:56:30.409
lower because if you go down and figure out how

02:56:30.409 --> 02:56:34.989
many wallets there are, how many sand and landholders

02:56:34.989 --> 02:56:38.989
are there total who can vote, almost 400 ,000

02:56:38.989 --> 02:56:43.200
holders out there. of the the sand token and

02:56:43.200 --> 02:56:49.200
the land nfts for 394 000 different wallets now

02:56:49.200 --> 02:56:52.120
that's not counting unique wallets that one i

02:56:52.120 --> 02:56:54.219
couldn't calculate that for land because there

02:56:54.219 --> 02:56:56.959
there was no method that i could find to do that

02:56:56.959 --> 02:57:00.700
so i just counted the number of wallet holders

02:57:00.700 --> 02:57:04.579
understanding that sure it's multiple people

02:57:04.579 --> 02:57:07.700
have some people have multiple wallets got it

02:57:07.700 --> 02:57:14.809
even so 300 wallets voted on average and 39 sips,

02:57:14.889 --> 02:57:21.909
which equals less than 1%, so 0 .09 % of the

02:57:21.909 --> 02:57:26.170
total sand and land holders were voting, which,

02:57:26.290 --> 02:57:30.430
yeah, that's not very good. That's very bad.

02:57:30.629 --> 02:57:34.569
That is way below. I think industry average is

02:57:34.569 --> 02:57:38.170
15 % participation, something like that, maybe

02:57:38.170 --> 02:57:42.719
20. So we are way below that. The number of times

02:57:42.719 --> 02:57:45.780
that the Sandbox voted with their wallet was

02:57:45.780 --> 02:57:50.959
six, so about 15 % of the 39 SIPs. And the average

02:57:50.959 --> 02:57:56.159
SIP amount, the average SIP cost about $100 ,000

02:57:56.159 --> 02:58:01.340
USDC, which we know changed quite a bit from

02:58:01.340 --> 02:58:08.299
June 2024 when SIP, when Sand was trading at

02:58:08.299 --> 02:58:14.229
44 cents. to now SIP 39 in February 2026 when

02:58:14.229 --> 02:58:17.469
it's trading at $0 .09. Big, big difference.

02:58:17.670 --> 02:58:19.850
And at this exact moment, it's trading at $0

02:58:19.850 --> 02:58:21.629
.08. So it looks like it even went down a penny

02:58:21.629 --> 02:58:26.969
since when I pulled this earlier today. So it's

02:58:26.969 --> 02:58:30.510
still going down, it looks like. But the average

02:58:30.510 --> 02:58:39.200
cost per SIP was $99 ,000 USDC. Yeah. And I can't

02:58:39.200 --> 02:58:40.799
use the sand amount because not everything was

02:58:40.799 --> 02:58:43.760
in sand, so that was hard to calculate. Alright,

02:58:43.819 --> 02:58:47.799
now the last bit here is the sand received by

02:58:47.799 --> 02:58:51.180
the Dow, and its only recipient was from the

02:58:51.180 --> 02:58:53.620
Sandbox Game Company, was 15 .5 million sand,

02:58:53.840 --> 02:58:56.120
which at the time it was received by the Dow

02:58:56.120 --> 02:59:01.020
was 6 .8 million USDC. Alright, and using that

02:59:01.020 --> 02:59:04.840
same calculating value of when the SIPs were

02:59:04.840 --> 02:59:08.079
voted and when they ended, and what the... The

02:59:08.079 --> 02:59:10.920
same was trading at that exact time. We spent

02:59:10.920 --> 02:59:17.319
2 .3 million USDC, which is roughly 34 % of our

02:59:17.319 --> 02:59:24.120
received budget, how much we received, that's

02:59:24.120 --> 02:59:26.680
6 .8 million. All right, so we received 6 .8

02:59:26.680 --> 02:59:29.120
million, we spent 2 .3 million, and what we have

02:59:29.120 --> 02:59:32.379
left is 4 .5 million. That's the pure calculation.

02:59:32.719 --> 02:59:39.790
If you use today's value of eight cents, My calculations

02:59:39.790 --> 02:59:48.629
are 359 ,000 USDC is left, which is 5%. So using

02:59:48.629 --> 02:59:51.870
the pure value, we have 66 % of our budget left.

02:59:52.469 --> 02:59:55.750
If you use the relative value of what sand is

02:59:55.750 --> 03:00:00.450
worth right now, and you calculate all of the

03:00:00.450 --> 03:00:06.909
sand that's left using 8 cents, you get 5 % left

03:00:06.909 --> 03:00:09.729
of the budget. That's the big disparity that

03:00:09.729 --> 03:00:13.010
the admin team was talking about in that other

03:00:13.010 --> 03:00:20.209
slide that I discussed way back here. But I don't

03:00:20.209 --> 03:00:22.569
have access to their formulas, so I have to use

03:00:22.569 --> 03:00:24.850
my methods, and my methods is the best way I

03:00:24.850 --> 03:00:28.510
could do it. So it's anywhere from $359 ,000

03:00:28.510 --> 03:00:34.010
to $4 .5 million, which is what the admin team

03:00:34.010 --> 03:00:37.670
said. Cyril said he calculated $891 ,000. thousand

03:00:37.670 --> 03:00:42.549
right so there it is today's sand exchange rate

03:00:42.549 --> 03:00:46.770
is right now eight cents whereas it went down

03:00:46.770 --> 03:00:49.870
even from nine cents last month when it was sip

03:00:49.870 --> 03:00:53.610
39 when we're calculating that number and then

03:00:53.610 --> 03:00:56.469
here's the last bit almost there circulating

03:00:56.469 --> 03:00:59.469
sand supply is 2 .6 billion i already discussed

03:00:59.469 --> 03:01:03.149
how that was calculated i used coin gecko by

03:01:03.149 --> 03:01:06.959
the way so if you you go to here going gecko

03:01:06.959 --> 03:01:11.860
and oh now it's at seven cents oh shoot it's

03:01:11.860 --> 03:01:15.559
even going down further here it is uh this number

03:01:15.559 --> 03:01:20.219
here 2 .6 billion circulating versus the 3 billion

03:01:20.219 --> 03:01:26.959
total supply okay so go back to circulating supply

03:01:26.959 --> 03:01:29.860
is 2 .6 billion which means that the circulating

03:01:29.860 --> 03:01:33.579
voting power is 2 .6 billion because one sand

03:01:33.579 --> 03:01:37.260
is one voting power, even though the total supply

03:01:37.260 --> 03:01:41.459
is 3 billion. The total land supply is 166 ,000.

03:01:41.459 --> 03:01:46.200
I showed the about page on sandbox .games, official

03:01:46.200 --> 03:01:52.559
website, citing that number. And that means 166

03:01:52.559 --> 03:01:57.340
,000 times 4 ,500 is 749 million voting power.

03:01:57.559 --> 03:02:01.700
All right, and so 2 .6 billion plus 749 million

03:02:01.700 --> 03:02:05.170
is 3 .4 billion. total voting power that's available

03:02:05.170 --> 03:02:08.770
all right and then i calculated uh this one took

03:02:08.770 --> 03:02:10.569
a little bit longer the the sand and land holders

03:02:10.569 --> 03:02:16.629
and all i did for that to count three to count

03:02:16.629 --> 03:02:22.229
394 000 was i just went to the token page of

03:02:22.229 --> 03:02:32.700
all of um of the token and the land nft which

03:02:32.700 --> 03:02:35.879
there are four of them. And that's because we

03:02:35.879 --> 03:02:40.319
originally started out on Ethereum and then migrated

03:02:40.319 --> 03:02:48.739
to Polygon. So you have land and sand on both

03:02:48.739 --> 03:02:52.260
Polygon and Ethereum, but it's not quite so straightforward

03:02:52.260 --> 03:02:57.319
as adding it all together. Because land can only

03:02:57.319 --> 03:03:01.360
be used on one chain. So if you migrate it from...

03:03:01.659 --> 03:03:04.139
Ethereum to Polygon, it's burned on Ethereum.

03:03:04.620 --> 03:03:07.280
You can't use it on Ethereum. But then you can

03:03:07.280 --> 03:03:09.319
migrate it back, and it gets burned from Polygon,

03:03:09.420 --> 03:03:11.180
and now you can use it on Ethereum. So there's

03:03:11.180 --> 03:03:14.979
a migration contract there. But you can use sand

03:03:14.979 --> 03:03:18.520
and land on both chains, and they add to your

03:03:18.520 --> 03:03:22.840
total value. So you have to add, you have to

03:03:22.840 --> 03:03:25.440
do it a little bit like this. You have to use

03:03:25.440 --> 03:03:30.840
the tokens, the holders, right? I'm going to

03:03:30.840 --> 03:03:32.799
blow that up a little bit. So on Ethereum, you

03:03:32.799 --> 03:03:37.260
use token holders, which is $206 ,000, plus the

03:03:37.260 --> 03:03:41.319
token holders on Polygon Scan, which is $161

03:03:41.319 --> 03:03:48.680
,000. And then you use the holders on Ethereum

03:03:48.680 --> 03:03:52.620
Scan, which is $16 ,000. And then you use the

03:03:52.620 --> 03:03:57.299
holders on Polygon Scan, which is $9 ,000. Add

03:03:57.299 --> 03:04:02.979
all that together, what do you get? 394 ,000.

03:04:03.200 --> 03:04:05.840
So those are my numbers. That's how I calculated

03:04:05.840 --> 03:04:13.239
that. And with that, we just went over all the

03:04:13.239 --> 03:04:18.780
statistics for 39 SIPs beginning in 2024, ending

03:04:18.780 --> 03:04:24.040
in 2026. What did we learn? Quorum was a big

03:04:24.040 --> 03:04:27.079
issue until the 12 delegates were approved and

03:04:27.079 --> 03:04:30.280
24 million voting power could be applied. All

03:04:30.280 --> 03:04:32.829
right, so that was about... I think SIP 11, is

03:04:32.829 --> 03:04:39.709
that what I said? It was SIP 15, right? Tim Oxtal,

03:04:39.889 --> 03:04:47.430
while it voted six times, right? And voting and

03:04:47.430 --> 03:04:58.450
yes, no, and it did have an effect on the yes,

03:04:58.450 --> 03:05:07.920
no vote. On the way. SanFam. Voted. Yes. No.

03:05:08.239 --> 03:05:16.559
All right. But. Some sips. Passed. Even. With.

03:05:18.120 --> 03:05:24.879
Hold on. I got mixed up here. Sandbox style wallet

03:05:24.879 --> 03:05:30.280
voted six times. Okay. Whoops. So this next one

03:05:30.280 --> 03:05:36.159
would be special counsel recommendation. So Sandbox

03:05:36.159 --> 03:05:38.899
style wallet voted six times. And what did we

03:05:38.899 --> 03:05:46.399
learn from that? It caused, it first used its

03:05:46.399 --> 03:05:55.600
voting power to pass founding sips. And that

03:05:55.600 --> 03:06:08.079
was the carbon capture. SIP 4. And SIP 5, the

03:06:08.079 --> 03:06:15.559
Red Cross, which we think was to avoid the SIP

03:06:15.559 --> 03:06:19.459
failing due to quorum, but we're not sure because

03:06:19.459 --> 03:06:24.040
the way timing happened. All right, we also learned

03:06:24.040 --> 03:06:27.379
special council recommendations did. have an

03:06:27.379 --> 03:06:30.500
effect on the way SamFam voted yes or no, but

03:06:30.500 --> 03:06:38.360
some SIPs were able to pass. All right, so one

03:06:38.360 --> 03:06:40.659
SIP that was voted no because of that was SIP

03:06:40.659 --> 03:06:47.620
15. It was SIP 18, which was this podcast, funding

03:06:47.620 --> 03:06:50.319
this podcast. But some SIPs were able to pass

03:06:50.319 --> 03:06:58.860
despite it, despite a no. recommendation right

03:06:58.860 --> 03:07:14.079
and so that was sip 21 and sip 24 yep so it's

03:07:14.079 --> 03:07:21.459
a 21 24. all right what was the last thing that

03:07:21.459 --> 03:07:29.540
we learned the pausing Dow SIP, which is SIP

03:07:29.540 --> 03:07:43.260
39, passed only because the sandbox wallet transferred

03:07:43.260 --> 03:07:49.739
24 million voting power from the delegates to

03:07:49.739 --> 03:08:00.780
itself and voted yes. Otherwise, SIP39 would

03:08:00.780 --> 03:08:10.799
not have made quorum and still and would have

03:08:10.799 --> 03:08:23.180
had majority no vote by the community. And there

03:08:23.180 --> 03:08:29.510
we have it. In conclusion, yeah, if you want

03:08:29.510 --> 03:08:32.430
to go look at the Sandbox style paused miniseries,

03:08:32.489 --> 03:08:36.809
go to those four. And if you want to go to the

03:08:36.809 --> 03:08:40.870
Sandbox Foundation miniseries for Grand Cayman

03:08:40.870 --> 03:08:46.350
Islands, look at these. All right. I didn't have

03:08:46.350 --> 03:08:50.889
any community questions. Thank you, Nopeta, NotJackieChan,

03:08:51.049 --> 03:08:57.219
for participating in the chat. Yeah, not Jackie

03:08:57.219 --> 03:09:00.260
Chan. That's right. Character limit war was funny.

03:09:00.940 --> 03:09:03.719
All right. All right. And then we're open topics.

03:09:06.040 --> 03:09:10.239
Concluding on clear remarks on the sandbox style,

03:09:10.280 --> 03:09:13.219
it's promise and pause. I think I went over the

03:09:13.219 --> 03:09:18.319
disappointing way the pause happened. It shouldn't

03:09:18.319 --> 03:09:24.079
have happened that way. But it did. So here we

03:09:24.079 --> 03:09:28.209
are. The promise of the Sandbox DAO was progressive

03:09:28.209 --> 03:09:32.190
decentralization. And I think one member put

03:09:32.190 --> 03:09:36.149
it really, really well in SIP39 discussion forums.

03:09:36.450 --> 03:09:42.229
Lily said, the tail, which was the community,

03:09:42.450 --> 03:09:48.709
did not... Whoops, I had it backwards. The head,

03:09:48.889 --> 03:09:51.430
which should be the community, did not eat the

03:09:51.430 --> 03:09:53.469
tail fast enough. The tail being the Sandbox

03:09:53.469 --> 03:09:58.340
Game Company. and the centralized nature of the

03:09:58.340 --> 03:10:03.079
DAO, that the tail, we did not eat the tail fast

03:10:03.079 --> 03:10:06.739
enough, and the tail ate us instead. So it paused

03:10:06.739 --> 03:10:10.239
the DAO because we did not progressively decentralize

03:10:10.239 --> 03:10:12.760
fast enough, and we didn't progressively decentralize

03:10:12.760 --> 03:10:15.639
fast enough because the DAO admin team did not

03:10:15.639 --> 03:10:19.239
believe that we had expressed maturity enough

03:10:19.239 --> 03:10:23.969
as a DAO, which... It probably might be even

03:10:23.969 --> 03:10:28.329
true. Because once we kind of learned from taking

03:10:28.329 --> 03:10:31.250
the same podcast with Kunta and the interviews

03:10:31.250 --> 03:10:34.170
that he did with the DAO admin team, we learned

03:10:34.170 --> 03:10:36.049
a lot about why things were the way they were.

03:10:36.110 --> 03:10:38.510
And they made a lot of sense. Once I heard that,

03:10:38.530 --> 03:10:41.430
a lot of my criticism went away. Because we learned

03:10:41.430 --> 03:10:45.329
that they thought, Cyril explained, they thought

03:10:45.329 --> 03:10:48.969
that having a big splash brand entrance was going

03:10:48.969 --> 03:10:53.170
to be big and beneficial to the DAO. Having a

03:10:53.170 --> 03:10:59.930
special council that was, you know, celebrity

03:10:59.930 --> 03:11:04.590
-laden with the likes of Yatsu and other really

03:11:04.590 --> 03:11:09.309
well -known names in the Web3 space, like Jean

03:11:09.309 --> 03:11:14.250
-Michel Payun, who used to run Ledger, and Yatsu

03:11:14.250 --> 03:11:16.569
run Animoca Brands. Like, having that sort of

03:11:16.569 --> 03:11:19.649
celebrity status would also draw a lot of attention

03:11:19.649 --> 03:11:22.579
to the DAO. They had good reason to believe that

03:11:22.579 --> 03:11:27.500
because attention economy was a big factor in

03:11:27.500 --> 03:11:31.579
an ape coin DAO, apes, NFTs. It's just, you know,

03:11:31.600 --> 03:11:33.700
you know that attention economy is important

03:11:33.700 --> 03:11:36.540
in Web3. So they had good reason to believe all

03:11:36.540 --> 03:11:42.959
that. It just didn't turn out that way. The DAO

03:11:42.959 --> 03:11:45.040
struggle with Quorum almost from the beginning

03:11:45.040 --> 03:11:50.579
and the big splash that happened where... The

03:11:50.579 --> 03:11:54.579
DAO showed up. It was announced at a conference,

03:11:54.680 --> 03:11:58.399
and then everyone was asked to vote. Backfired

03:11:58.399 --> 03:12:02.020
on the DAO admin team because it felt like the

03:12:02.020 --> 03:12:04.180
community was just going to be drug along and

03:12:04.180 --> 03:12:06.639
didn't have any participation in any of this.

03:12:07.040 --> 03:12:13.760
So it backfired big time. And I was at the very

03:12:13.760 --> 03:12:17.819
front of that. I was very critical because there

03:12:17.819 --> 03:12:20.409
were a lot of things done that... didn't look

03:12:20.409 --> 03:12:22.090
like it involved the community at all. It just

03:12:22.090 --> 03:12:26.530
looked like it was handed down. And so I was

03:12:26.530 --> 03:12:30.190
very, very critical, um, from like, uh, Sandow

03:12:30.190 --> 03:12:36.670
episodes, I think maybe 10 to like 30, maybe

03:12:36.670 --> 03:12:38.829
even 40. I'm not sure. Well, when I do the next

03:12:38.829 --> 03:12:42.569
episode, um, Sandow 72, we'll do a review of

03:12:42.569 --> 03:12:45.549
all the Sandow episodes and then we'll go over

03:12:45.549 --> 03:12:48.750
it then. But I was very critical for a really

03:12:48.750 --> 03:12:52.159
long time. And until I saw those episodes, Digging

03:12:52.159 --> 03:12:55.020
the Sand, where they interviewed various members

03:12:55.020 --> 03:12:58.639
of the DAO admin team, especially the DAO admin,

03:12:58.879 --> 03:13:02.500
the DAO administrator, Cyril, explained what

03:13:02.500 --> 03:13:05.079
their plan was, their intent. It made a lot of

03:13:05.079 --> 03:13:09.579
sense. They weren't bad. They weren't like people

03:13:09.579 --> 03:13:14.180
suspected of all these bad things anymore. We

03:13:14.180 --> 03:13:16.579
became real people with a real plan. It just

03:13:16.579 --> 03:13:19.670
didn't work out the way they thought. I get it.

03:13:19.829 --> 03:13:24.430
I understand it. Not, I mean, not every plan

03:13:24.430 --> 03:13:26.870
works like you think it does. So I can understand

03:13:26.870 --> 03:13:29.829
that they gave it their all. They really care

03:13:29.829 --> 03:13:36.329
about the Dow, Cyril, Geraldine, Paul, Wampy,

03:13:36.329 --> 03:13:39.809
and I'm sure there are others that I might not

03:13:39.809 --> 03:13:43.510
be remembering at the moment. I'm so sorry. They

03:13:43.510 --> 03:13:46.549
care a lot. They cared a lot about the Dow, and

03:13:46.549 --> 03:13:49.989
they gave it. a lot of work and effort. I saw

03:13:49.989 --> 03:13:52.370
it. A lot of other people saw it, especially

03:13:52.370 --> 03:13:56.030
when you're a DAO, when I was a DAO domain allocate

03:13:56.030 --> 03:14:00.209
for the SDGP program. I got to talk with the

03:14:00.209 --> 03:14:03.930
DAO admins a lot more because we had to work

03:14:03.930 --> 03:14:07.389
with them to maintain transparency and learned

03:14:07.389 --> 03:14:09.489
a lot about how much they cared, saw how much

03:14:09.489 --> 03:14:11.809
effort they put into everything. And they put

03:14:11.809 --> 03:14:14.889
in a ton of effort. So it just didn't go the

03:14:14.889 --> 03:14:17.440
way we thought. It didn't go the way they thought.

03:14:17.719 --> 03:14:20.920
And the community was very frustrated. Still,

03:14:21.780 --> 03:14:23.899
I think to this day, there's a lot of that. But

03:14:23.899 --> 03:14:26.100
when Kunta came in as communications manager,

03:14:26.239 --> 03:14:28.479
he built so many bridges. He rebuilt so much

03:14:28.479 --> 03:14:33.100
of that trust. And it was appreciated big time.

03:14:34.299 --> 03:14:38.920
It turned my view around. I went from being highly

03:14:38.920 --> 03:14:42.399
critical of the DAO to being a big advocate for

03:14:42.399 --> 03:14:46.440
the DAO admin team. Because I saw... And they

03:14:46.440 --> 03:14:51.000
became very transparent about what their thought

03:14:51.000 --> 03:14:54.440
process was. And that's what I wanted to know.

03:14:55.020 --> 03:14:56.819
Mostly I wanted to know their thought process.

03:14:57.440 --> 03:15:01.100
That we weren't being taken advantage of or exploited

03:15:01.100 --> 03:15:03.479
and all these other negative things that happens

03:15:03.479 --> 03:15:05.700
when you don't have transparency and you don't

03:15:05.700 --> 03:15:12.940
know what's going on. So, yeah. The pause is

03:15:12.940 --> 03:15:15.590
unfortunate. The good news is it's called a pause.

03:15:15.649 --> 03:15:18.629
It's not called termination or elimination. Most

03:15:18.629 --> 03:15:20.969
people think that it won't be unpaused at this

03:15:20.969 --> 03:15:24.889
point. Most people think, I believe, from the

03:15:24.889 --> 03:15:30.290
discussion forums and stuff, Twitter and X and

03:15:30.290 --> 03:15:36.209
Discord, that this is kind of like a sandbox

03:15:36.209 --> 03:15:40.149
game company's nice way of taking it out to pasture,

03:15:40.290 --> 03:15:44.510
which is a euphemism for saying... being eliminated

03:15:44.510 --> 03:15:50.049
and not resurrected again. Unpaused. I hope that's

03:15:50.049 --> 03:15:52.590
not the case. I hope that there is a real effort

03:15:52.590 --> 03:15:56.709
to unpause a DAO because I love Sandbox. And

03:15:56.709 --> 03:15:59.649
I love the ecosystem. And I love SanFam. And

03:15:59.649 --> 03:16:03.430
I want to run for special counsel if it gets

03:16:03.430 --> 03:16:09.010
unpaused. So, yeah. I think the stuff that I've

03:16:09.010 --> 03:16:12.000
been doing in Star Atlas with its DAO... as a

03:16:12.000 --> 03:16:15.020
now second term council member where we have

03:16:15.020 --> 03:16:18.200
all of our meetings in public i can find that

03:16:18.200 --> 03:16:25.319
right so the star atlas dow i've been recording

03:16:25.319 --> 03:16:32.879
as kind of like the community chairperson yep

03:16:32.879 --> 03:16:37.579
here we are right so we have all of our our meetings

03:16:37.579 --> 03:16:44.059
in public uh and Like when we start, we have

03:16:44.059 --> 03:16:53.700
meeting minutes, agenda topics. We talk about

03:16:53.700 --> 03:16:57.500
things. We go over the treasury amount, like

03:16:57.500 --> 03:17:02.520
here, and we go over how much money we have and

03:17:02.520 --> 03:17:07.040
we're spending. And then we have our meeting

03:17:07.040 --> 03:17:09.280
minutes, which we have an agenda, and then we

03:17:09.280 --> 03:17:16.010
go over them in our discussion. And it's building

03:17:16.010 --> 03:17:18.129
in public. To me, it's what building in public

03:17:18.129 --> 03:17:21.670
really means. And I think it's awesome. I think

03:17:21.670 --> 03:17:25.510
we should be doing that in Star... Not Star.

03:17:26.489 --> 03:17:28.770
We should be doing that in the same box. Our

03:17:28.770 --> 03:17:30.750
special council members should have public meetings.

03:17:31.030 --> 03:17:34.610
We should be live streaming it for content and

03:17:34.610 --> 03:17:36.969
for attention economy. And we should be talking

03:17:36.969 --> 03:17:38.950
about things we want to accomplish. How are we

03:17:38.950 --> 03:17:41.739
going to accomplish it? What... do we have to

03:17:41.739 --> 03:17:43.340
accomplish it? And what authority do we not have?

03:17:43.520 --> 03:17:46.739
All of that's part of building the public. And

03:17:46.739 --> 03:17:53.020
because we did so much research into what authority

03:17:53.020 --> 03:17:58.780
we have, and foundation company miniseries, we

03:17:58.780 --> 03:18:01.500
now know how to have these conversations fruitfully

03:18:01.500 --> 03:18:04.079
and beneficially within the Sandbox ecosystem.

03:18:04.420 --> 03:18:09.340
So we have high, highly experienced professionals.

03:18:11.390 --> 03:18:17.510
who can do a really good job on the Sandbox Foundation

03:18:17.510 --> 03:18:21.829
Special Counsel. More than just giving a, yes,

03:18:21.829 --> 03:18:24.469
I like this sip, no, I don't think so, or neutral.

03:18:25.229 --> 03:18:28.569
Way more than that. And we've been doing it for

03:18:28.569 --> 03:18:35.010
over a year in the Star Atlas style. Yeah. Not

03:18:35.010 --> 03:18:37.129
Jackie Chan in chat said, mistakes were made,

03:18:37.229 --> 03:18:39.389
lessons were learned, some good times and laughs

03:18:39.389 --> 03:18:42.709
along the way. Pretty much how life goes, I suppose.

03:18:43.350 --> 03:18:48.690
Exactly. Not Jackie Chan. Exactly. I completely

03:18:48.690 --> 03:18:58.229
agree. Here we have our own little tracker for

03:18:58.229 --> 03:19:02.129
their improvement proposals over in Star Atlas.

03:19:05.610 --> 03:19:14.790
All right, so, yeah. There it is. Let's conclude

03:19:14.790 --> 03:19:16.569
today's episode because it turned out to be a

03:19:16.569 --> 03:19:18.149
long one, a lot longer than I thought it would

03:19:18.149 --> 03:19:21.530
be. Thanks for holding on with me, not Jackie

03:19:21.530 --> 03:19:26.690
Chan, no pena. So, that's going to archive the

03:19:26.690 --> 03:19:28.930
Sandbox DAO. We just went through everything,

03:19:29.049 --> 03:19:32.010
and I'm very happy we did because maybe this

03:19:32.010 --> 03:19:34.469
episode might be the only thing left of the Sandbox

03:19:34.469 --> 03:19:40.270
DAO. If the sandbox DAO forums disappears, if

03:19:40.270 --> 03:19:43.069
the X account disappears, the YouTube account

03:19:43.069 --> 03:19:45.909
already disappeared for the sandbox DAO. So if

03:19:45.909 --> 03:19:48.010
any of it else disappears, we'll still have this

03:19:48.010 --> 03:19:53.729
to look back on if we need to. All right. Episodes.

03:19:54.069 --> 03:20:00.110
We are now in episode 71. All right, so we did

03:20:00.110 --> 03:20:06.930
episode 70. And... We're now in episode 71, which

03:20:06.930 --> 03:20:13.270
is today. I didn't do it that day. When did I

03:20:13.270 --> 03:20:27.469
do it? Hold on. Yeah. All right, so episode 71

03:20:27.469 --> 03:20:33.489
is done. We only have one episode left before

03:20:33.489 --> 03:20:37.780
I... shut down, or I'm going to pause the Sandow

03:20:37.780 --> 03:20:41.860
podcast. Only one episode. And that's going to

03:20:41.860 --> 03:20:43.959
be a review of the Sandow podcast. I'm not going

03:20:43.959 --> 03:20:47.620
to, I wasn't able to lock in a time to interview

03:20:47.620 --> 03:20:50.979
Yatsu. His schedule was busy. And also, I think

03:20:50.979 --> 03:20:53.520
probably the timing of this Dow pause probably

03:20:53.520 --> 03:20:55.579
had something to do with it. I wasn't able to

03:20:55.579 --> 03:20:58.739
secure a meeting with his staff. But up until

03:20:58.739 --> 03:21:01.299
that point, he was very willing to do it. And

03:21:01.299 --> 03:21:04.530
we just had to find a time. Maybe I just didn't

03:21:04.530 --> 03:21:08.450
schedule it fast enough. But that's a bummer.

03:21:08.969 --> 03:21:11.350
And then the accidental sniping of a fellow ape

03:21:11.350 --> 03:21:13.389
when Yuga broke a Guinness World Record. I'm

03:21:13.389 --> 03:21:14.909
not going to do that one. At this point, it's

03:21:14.909 --> 03:21:19.989
past. But, you know, when I broke a Guinness

03:21:19.989 --> 03:21:24.510
World Record some years ago and then listed it

03:21:24.510 --> 03:21:26.930
as a resume item when trying to help another

03:21:26.930 --> 03:21:29.719
ape with their Guinness World Record. Suddenly

03:21:29.719 --> 03:21:32.479
a month later, Yuga Labs is breaking the Guinness

03:21:32.479 --> 03:21:35.719
World Record that I broke and I listed on my

03:21:35.719 --> 03:21:37.639
resume in the forum. So I didn't think that was

03:21:37.639 --> 03:21:42.979
an accident. I think that they saw that and said,

03:21:43.020 --> 03:21:48.059
hey, let's break that world record. But they

03:21:48.059 --> 03:21:52.920
broke it. It is what it is. And congratulations

03:21:52.920 --> 03:21:56.459
to Yuga for holding the record, not just breaking

03:21:56.459 --> 03:22:04.319
it, smashed it. 1200 was our record. 1200 FPS

03:22:04.319 --> 03:22:07.659
players in a single match. They smashed it with

03:22:07.659 --> 03:22:17.040
like 2200? 2500? 2200 people. How cool is that?

03:22:19.559 --> 03:22:22.040
That's the wrong one. I want to do this one here.

03:22:26.020 --> 03:22:32.409
2200 people. That's pretty neat. Right? There

03:22:32.409 --> 03:22:35.049
it is. Congratulations to them. They smashed

03:22:35.049 --> 03:22:40.950
it. Great job. So, I'm not going to do that episode.

03:22:41.129 --> 03:22:43.489
I did not get around to interviewing the last

03:22:43.489 --> 03:22:47.629
DAO delegate, which was Mo from Animoca Brands.

03:22:48.790 --> 03:22:51.569
Bummer. Our schedules didn't align on that. And

03:22:51.569 --> 03:22:55.290
then the Sandbox ecosystem and the DAO and the

03:22:55.290 --> 03:22:59.120
business of the Sandbox. I'm not going to get

03:22:59.120 --> 03:23:01.700
around to that one at this point. I don't really

03:23:01.700 --> 03:23:03.979
see much need. If I unpause the Sandow podcast,

03:23:04.379 --> 03:23:06.700
maybe we will. I did talk about it a little bit,

03:23:06.700 --> 03:23:12.500
though, when we discussed the $30 ,000 building

03:23:12.500 --> 03:23:17.459
of the Sandbox Dow Education Hub and how the

03:23:17.459 --> 03:23:22.260
cost really outweighed a lot of what we were

03:23:22.260 --> 03:23:25.700
given up to that point in grants. And so that

03:23:25.700 --> 03:23:29.739
$30 ,000 one represented a fair payment in my

03:23:29.739 --> 03:23:32.379
estimation and many others, because most of us

03:23:32.379 --> 03:23:37.479
knew that it cost more than $10 ,000. And so

03:23:37.479 --> 03:23:42.459
the two that I built, I built at loss. And a

03:23:42.459 --> 03:23:43.879
lot of that money came out of my own pocket,

03:23:43.959 --> 03:23:47.239
unfortunately. I didn't recoup any of that investments

03:23:47.239 --> 03:23:49.940
because the NFT program changed, the Catalyst

03:23:49.940 --> 03:23:53.440
program was introduced. and we were no longer

03:23:53.440 --> 03:23:57.979
able to just mint our assets for sale because

03:23:57.979 --> 03:24:00.059
we needed Catalyst, so it increased the cost

03:24:00.059 --> 03:24:02.479
and the time and the effort, and they wouldn't

03:24:02.479 --> 03:24:06.600
give us any Catalyst in the GMF program, and

03:24:06.600 --> 03:24:09.899
it just ended up being a dud, and we weren't

03:24:09.899 --> 03:24:13.520
able to recoup any money. So that's a bummer,

03:24:13.559 --> 03:24:25.579
but yeah. Here we are. Alright, sandbox spaces.

03:24:25.739 --> 03:24:29.379
Where do we congregate? Forums, Discord, Twitter,

03:24:29.520 --> 03:24:35.139
X, on YouTube. So the sandbox DAO is now gone.

03:24:36.959 --> 03:24:39.200
So let's make that a little bit more opaque.

03:24:39.739 --> 03:24:46.780
I guess the adjustments need to be made here.

03:24:47.860 --> 03:24:52.840
Let's go ahead and make that. Bummer. Big bummer.

03:24:57.680 --> 03:25:01.219
Well, all good things must come to an end. And

03:25:01.219 --> 03:25:03.280
Sandbox Spaces, Bulls on the Block, I don't think

03:25:03.280 --> 03:25:04.840
they're going anymore. I think they might have

03:25:04.840 --> 03:25:07.860
stopped. I need to ask Bulls on the Block folks.

03:25:07.959 --> 03:25:09.860
I don't see them on Saturdays as much like I

03:25:09.860 --> 03:25:13.299
used to. Coffee with Captain, that one's back

03:25:13.299 --> 03:25:15.680
on. Well, members, they're still going strong

03:25:15.680 --> 03:25:20.319
every Tuesday. All right. And but while I raid.

03:25:21.040 --> 03:25:27.280
While I find someone to raid, let's figure out.

03:25:27.819 --> 03:25:30.940
Let's read the chat. Jackie Chan, I see you put

03:25:30.940 --> 03:25:33.139
something in there. I think AI will be studying

03:25:33.139 --> 03:25:35.540
your documentation of Sandow for benefit of future

03:25:35.540 --> 03:25:38.399
generations or for Skynet. Either way, it's appreciated.

03:25:38.719 --> 03:25:43.139
Thanks, Jackie Chan. I appreciate you. And you

03:25:43.139 --> 03:25:46.899
stuck it out. I really appreciate you. All right,

03:25:46.899 --> 03:25:52.829
let's raid. Someone. Okay. Alright, how about

03:25:52.829 --> 03:26:03.889
this? Can I raid him? Nope. Can I raid him? I

03:26:03.889 --> 03:26:09.389
sure can. Alright. Raid is set. Thank you all

03:26:09.389 --> 03:26:14.590
for your time. This was Sandow71. A review of

03:26:14.590 --> 03:26:18.920
the Sandbox Dial podcast from 2024 -2026. when

03:26:18.920 --> 03:26:21.719
it was born in 2024 and when it paused in 2026.

03:26:22.739 --> 03:26:24.200
Thanks, SandFam. Have a good day.