Building the Future of Web3 on Polkadot
Summary
TLDRThe Round Table talk focused on the future of web3 development on Polkadot, highlighting specific parachains and how the Polkadot SDK supports innovative web3 technologies. Key figures from the ecosystem, including Francisco from Tansy, Tony from the Laos Network, Dudley from the Kilt Protocol, and Joshua from Phala Network, shared their insights and reasons for choosing Polkadot. These choices are mainly due to Polkadot's shared security, quick finality, decentralization, and composability, which are essential for building scalable and secure blockchain solutions. Francisco outlined the advantages of deploying on Polkadot versus spinning up a parachain or using other platforms, emphasizing the shared security model that eases infrastructural burdens on developers. Other speakers discussed how their projects utilize Polkadot's offerings to overcome traditional web3 challenges, like the hard-to-navigate infrastructure landscape and regulatory issues. One key takeaway was that Polkadot's architecture is inherently capable of supporting novel use cases and facilitating a better developer experience. The discussion also touched upon the recent improvements in Polkadot's ecosystem, including agile core time, elastic scaling, and asynchronous backing, which are expected to lower barriers for developers and enhance network efficiency. Overall, the talk provided valuable insights into current trends, challenges, and the transformative potential of Polkadot's network for web3 development.
Takeaways
- 🌐 Building web3 on Polkadot with parachains.
- 🚀 Francisco highlights Polkadot's shared security.
- 🛠️ Tansy simplifies chain infrastructure.
- 🔒 Shared security without validator management.
- 📊 Key barriers: investment and infrastructure.
- 🔍 Layer twos have decentralization trade-offs.
- 🤖 AI enhances processing in web3 applications.
- 🔄 Upcoming agile core time and elastic scaling.
- ⚡ Asynchronous backing boosts project efficiency.
- 👥 Developer experiences and insights shared.
Timeline
- 00:00:00 - 00:05:00
Introduction to the Round Table talk focusing on building Web3 on Polkadot with key ecosystem leaders. Francisco, co-founder of Tansy, introduces himself and discusses his project focused on simplifying the launch of app chains by providing infrastructure including block production as a service.
- 00:05:00 - 00:10:00
Francisco explains why Tansy chose Polkadot due to its shared security and decentralization benefits, contrasting it with Layer 2 solutions on Ethereum.
- 00:10:00 - 00:15:00
Tony from the LA Network introduces his project, which aims to leverage Polkadot's core time for solving scalability issues without bridges, targeting Layer 1 platforms outside of Polkadot.
- 00:15:00 - 00:20:00
Tony elaborates on LA Network's approach in using Polkadot's architecture to offload transactions from major networks like Ethereum and Polygon while ensuring scalability and security.
- 00:20:00 - 00:25:00
Dudley of Kilt Protocol shares the project's focus on identity solutions and why they chose Polkadot for its interoperability and low-cost transaction environment.
- 00:25:00 - 00:30:00
Discussion on Web3 developer blockers including market perception, bad reputation, legal challenges, and developer experience complexities.
- 00:30:00 - 00:35:00
Francisco discusses benefits of Tansy app chains, highlighting reduced infrastructure burdens, customization, and trade-offs between app chains and smart contract platforms.
- 00:35:00 - 00:40:00
Joshua explains Fala Network's AI agent contract capabilities, showcasing innovative use cases and the role of secure off-chain computation in enhancing developer experience.
- 00:40:00 - 00:45:00
Dudley explores digital identity through Kilt's DID services, emphasizing user control over data sharing and the potential for digital identity in web solutions.
- 00:45:00 - 00:50:00
Tony discusses leveraging Polkadot's XCM for LA Network, enabling cross-platform scalability and removing barriers like centralized bridges.
- 00:50:00 - 00:56:32
Panel reflects on Polkadot's advancements such as agile core time and asynchronous backing impacting project scalability and developer onboarding, with closing remarks inviting engagement through upcoming events.
Mind Map
Video Q&A
What is the focus of the Round Table talk?
Building the future of web3 on Polkadot, with a focus on parachains.
Why did Francisco choose to deploy on Polkadot?
Polkadot offers shared security, decentralization, fast finality, and composability, which are hard to replicate.
What is Tansy?
Tansy is an app chain infrastructure protocol that simplifies launching and managing chains.
What is the main benefit of Polkadot's architecture, according to Francisco?
The shared security model, which allows developers to utilize billions in stake value without managing their own validator sets.
How does Polkadot's shared security model work?
It allows developers to leverage the relay chain's stake value, providing security without needing their own validator set.
What are some of the barriers to entry in the web3 space?
Issues include high initial investment, complex infrastructure responsibilities, and limited developer resources.
What is a major drawback of deploying on layer twos according to Tony?
Layer twos often involve centralized sequencers, which may not align with decentralization goals.
How does AI integration benefit developers in web3?
AI can enhance uptime and processing capabilities, offering new avenues for smarter applications.
What are some upcoming changes in Polkadot?
Introduction of agile core time, elastic scaling, and asynchronous backing.
What impact does asynchronous backing have on projects?
It improves performance by reducing load, leading to faster and more efficient operations.
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- 00:00:00go hello and welcome everybody to
- 00:00:04today's Round Table talk and today on
- 00:00:09building the future of web3 on pokka do
- 00:00:12we're going to be focusing on specific
- 00:00:14par chains and how the pock do SDK
- 00:00:16enables developers to create Innovative
- 00:00:19web three Technologies so really excited
- 00:00:22about this discussion we have some
- 00:00:23amazing leaders in the pocket ecosystem
- 00:00:27with us today um so maybe let let start
- 00:00:30off with a quick introduction from the
- 00:00:32speakers and then maybe also mention
- 00:00:35your project and why you chose to deploy
- 00:00:38on pocketo and Francisco since you're
- 00:00:41the last one to join let's start with
- 00:00:43you so please introduce yourself let us
- 00:00:45know um what is your project and why you
- 00:00:47chose to deploy on pocket
- 00:00:50out sorry are we are we live right now
- 00:00:52or yes yes yeah we okay cool cool um so
- 00:00:57so yeah my name is Francisco I'm the
- 00:00:59co-founder of tany um tansy is
- 00:01:01essentially an app chain infrastructure
- 00:01:03protocol uh so we're making it a lot
- 00:01:06easier for developers to to launch their
- 00:01:08own chains right uh I think in the last
- 00:01:11couple of years we've seen a growing
- 00:01:12demand for for app chains in general but
- 00:01:15um the developer experience has been
- 00:01:17quite lacking right it's it's very
- 00:01:18difficult for a developer to bootstrap
- 00:01:20its own chain there's a lot of
- 00:01:21infrastructural responsibilities that
- 00:01:22are required that are inherent with
- 00:01:24launching chains so that's kind of what
- 00:01:26we're doing right you can kind of think
- 00:01:27of tansy as a layer one to help deploy
- 00:01:29other layer ones and we're doing that by
- 00:01:32providing permissionless block
- 00:01:33production as a service along with all
- 00:01:35these tools that you need to to run a
- 00:01:37chain right like block explorers
- 00:01:38indexers oracles all these different
- 00:01:40things um and we're we we decided to
- 00:01:43start building on polka dot because you
- 00:01:45know I think polka dot is capable polka
- 00:01:48dot polka Dot's architecture is capable
- 00:01:50of offering very distinct properties for
- 00:01:52for layer ones right uh this concept of
- 00:01:54shared security is very important so
- 00:01:56abstracting away the the necessity for
- 00:01:58developers to have to boost strap their
- 00:02:00own validator set to attract stake value
- 00:02:02you know the relay chain of polka dot
- 00:02:04currently provides billions of dollars
- 00:02:06in stake value which developers can tap
- 00:02:08into seamlessly through tansi um per
- 00:02:12decentralization is another big thing I
- 00:02:13mean we've seen the popularity of l2s on
- 00:02:16ethereum but uh it's about trade-offs
- 00:02:18right like if developers care about
- 00:02:20decentralization then l2s are probably
- 00:02:22not not a great great fit because
- 00:02:23there's there's just centralized
- 00:02:24sequencers right finality is another big
- 00:02:27one right like how how quickly can you
- 00:02:29finalize can you reach consensus for
- 00:02:31your chain substrate and and polka dot
- 00:02:34are quite powerful in that uh
- 00:02:36composability how do you communicate
- 00:02:38with with between chains so so there's
- 00:02:40all these kind of um capabilities that
- 00:02:43polka Dot's architecture offers uh to to
- 00:02:46builders to build l1s and those are very
- 00:02:49difficult to replicate right it's it's
- 00:02:50not very easy to like um build these
- 00:02:52things uh in kind of retrospectively so
- 00:02:56yeah that that's kind of why we're
- 00:02:58starting to we started to to build with
- 00:03:00polka dot and we're kind of Del tan is
- 00:03:03trying to deliver on the developer
- 00:03:04experience right helping developers tap
- 00:03:06into these properties in the easiest way
- 00:03:07possible because at the end of the day
- 00:03:09you can have the greatest technology but
- 00:03:10if it's very difficult to use nobody's
- 00:03:12going to care right so that's kind of
- 00:03:14where we're coming from with tansy
- 00:03:16absolutely that's very very valuable
- 00:03:19yeah developers experience is key we
- 00:03:21want to make sure the technolog is being
- 00:03:23used so thank you Francisco for that and
- 00:03:25then I would like to move on to Tony
- 00:03:27Tony can you introduce yourself your
- 00:03:29project and why did you decide to deploy
- 00:03:31your Pock out sure hello my name is Tony
- 00:03:33MOS I'm one of the founders of the Laos
- 00:03:36Network a par chain that will start
- 00:03:37producing blocks in a week time from now
- 00:03:40uh my background is in physics and
- 00:03:42Mathematics and my PhD is in string
- 00:03:44theory and those those weird weird
- 00:03:46things I my background then moved to
- 00:03:49technology I started uh moving to H
- 00:03:53Cinema Sound actually I have to say we
- 00:03:55got an Oscar for science and
- 00:03:57technological achievements our team uh
- 00:03:59just uh a few months ago for creating
- 00:04:02Dolby Atmos if you go to the movies and
- 00:04:04ever hear Dolby Atmos you're uh it was
- 00:04:06something that we created we started
- 00:04:08here in Barcelona and then I moved to
- 00:04:10blockchain Falling in Love completely
- 00:04:12with uh you know everything that you
- 00:04:14guys have fallen in love probably as
- 00:04:15well in
- 00:04:162016 and then I I realized I wanted to
- 00:04:19spend my my the rest of my life I think
- 00:04:21uh in this in this field and started
- 00:04:23building different things so we ended up
- 00:04:25with Laos Network after and I think
- 00:04:28Francisco named it really well after
- 00:04:30having built our own Layer Two uh even
- 00:04:32before layer twos were called layer twos
- 00:04:35uh on on ethereum and polygon uh for
- 00:04:38it's been live for more than three
- 00:04:40years after all these trade-offs he was
- 00:04:43mentioning and we didn't like them I
- 00:04:45mean when you really get your hands on
- 00:04:46it at some point you realize that uh
- 00:04:49you're not uh being truth TR truthful or
- 00:04:53whatever you want to call it to to your
- 00:04:55to the spirit of decentralization and
- 00:04:56the whole thing uh so we ended up
- 00:05:00understanding that we had to build
- 00:05:01something more secure with the same
- 00:05:02Properties or similar properties than
- 00:05:04than our Layer Two that's why we ended
- 00:05:06up with a layer one which chose padot
- 00:05:08for exactly the same reasons that uh
- 00:05:10Francisco just named the centralization
- 00:05:12through the centralization finality all
- 00:05:14the tool set is there and the Rel chain
- 00:05:17is there for us to provide security to
- 00:05:18every transaction that goes through the
- 00:05:20network and we ended up
- 00:05:22building a para chain that
- 00:05:24differentiates from other para chains as
- 00:05:27as is the spirit of padot in that we try
- 00:05:30to connect poka Do's core time which as
- 00:05:33you as you know is massive it's an an
- 00:05:36hugely uh an you know um empty compared
- 00:05:40to what it could be providing we're
- 00:05:41trying to use that core time to offload
- 00:05:44transactions from outside PKA do indeed
- 00:05:47not from other par chains but from
- 00:05:49ethereum from polygon from all the layer
- 00:05:51twos on top of them and eventually even
- 00:05:54from Bitcoin as we'll do at the end of
- 00:05:56the of of this year we do that uh
- 00:05:59without Bridges so of course if you have
- 00:06:01a bridge then you can basically do
- 00:06:03everything you can do in one chain in
- 00:06:04another one La is specialized in doing
- 00:06:07that without Bridges and just a subset
- 00:06:09of transactions that really fit this
- 00:06:10pattern you cannot do that of course
- 00:06:12with everything that you want to do on
- 00:06:13ethereum but about 20% of everything you
- 00:06:17can do on ethereum polygon and all those
- 00:06:20evm chains you can
- 00:06:23upload to to the to PKA do while
- 00:06:27everything that you're doing when you
- 00:06:29have remains compatible with uh you know
- 00:06:31it remains on ethereum and polygon all
- 00:06:33that stuff so we can dwell more into
- 00:06:35that later but our spirit is to use uh
- 00:06:38padot to help other ecosystems outside
- 00:06:41padot uh scale
- 00:06:45better fantastic thank you ton really
- 00:06:48excited to learn more about your work
- 00:06:50and uh yeah you've done guys you've done
- 00:06:52a great um deal of progress within such
- 00:06:54a short amount of time so
- 00:06:55congratulations and also on the Oscar
- 00:06:58that's really great to have such a ver
- 00:06:59background um now I want to move to
- 00:07:02Dudley um what is h can you just
- 00:07:04introduce yourself and also talk about
- 00:07:06um your reasons for the plan pocket on
- 00:07:08your project yeah howy uh thanks for
- 00:07:11having me uh Alexandra um yeah my name
- 00:07:14is Dudley um I've been working on the
- 00:07:17Kil protocol um for at least five years
- 00:07:19now um I'm now the team lead of the
- 00:07:23development team so I'm happy to be here
- 00:07:25today to give you a bit more um
- 00:07:27understanding about what we do um yeah I
- 00:07:30guess uh from our perspective kild
- 00:07:33itself is definitely uh one of the big
- 00:07:38identity projects in the polka do
- 00:07:40ecosystem and we tried to strive for
- 00:07:42creating or using the standards um which
- 00:07:45is not defined in polka do but outside
- 00:07:48of it with the worldwide Web Consortium
- 00:07:51you know we're using decentralized
- 00:07:52identifiers and verifiable credentials
- 00:07:56we we feel like um the reason why we
- 00:07:58came into
- 00:08:00polka dot is our journey started like
- 00:08:02six years ago and we were one of the
- 00:08:04first T teams to build on substrate way
- 00:08:06before like there was really readily
- 00:08:08available
- 00:08:10documentations and yeah um we saw great
- 00:08:13potential um we've definitely uh saw the
- 00:08:15vision that was uh proposed um for
- 00:08:18definitely interoperability and other
- 00:08:20services you know trying to uh get
- 00:08:24things like uh computation or other nfts
- 00:08:29or transactions onto our chain would
- 00:08:31only slow it down and we saw that um
- 00:08:33that was not needed right we needed
- 00:08:36identity Solutions and only identity
- 00:08:38Solutions um but we wanted to have other
- 00:08:41features and other feature sets
- 00:08:42available to us and polka dot suggested
- 00:08:44or made the this Vision Come True by
- 00:08:47allowing um for example uh using F's
- 00:08:51computation um on killed if necessary
- 00:08:54and uh identity on other chains as well
- 00:08:58so for us that was that was kind of the
- 00:09:00proposal and the the dream that came
- 00:09:02from it so yeah um that's one of the the
- 00:09:05major things that we saw um again we we
- 00:09:08looked at ethereum and other places but
- 00:09:11the the proposal for low costs and
- 00:09:15having a buildable system for
- 00:09:18Enterprises and governmental level um
- 00:09:21businesses really Drew Us in there
- 00:09:23because we wanted the identity solution
- 00:09:25that was for um again company
- 00:09:29and big Enterprises so yeah I think a
- 00:09:32lot of those Visions Drew us towards it
- 00:09:34and the technology stack itself um was
- 00:09:37being built seemed pretty amazing so
- 00:09:40yeah there was a lots of different ways
- 00:09:42and again only can Echo some of the
- 00:09:44facts that Tony and Francesco um brought
- 00:09:47up as well amazing thank you well it's
- 00:09:50fantastic to have an OG with us um
- 00:09:53somebody who's been building way before
- 00:09:55would actually nice to see hear also
- 00:09:56some insights and Al some of the more
- 00:09:58detailed questions that we'll Del into
- 00:10:00in a minute um joshia I'll move to you
- 00:10:03you know the drill um but I'd like you
- 00:10:04to introduce your friend as well who's
- 00:10:06very actively supporting you there too
- 00:10:09oh yeah yeah my friend's Moxy that's uh
- 00:10:12she's a my puppy but if you look in my
- 00:10:15uh Twitter profile you can see she's one
- 00:10:18of the dogs in my profile picture but uh
- 00:10:21just nft wise uh but yeah I'm I'm Joshua
- 00:10:24Waller I'm uh the director of tech
- 00:10:27evangelism over at fall Network so most
- 00:10:29of my responsibilities involve leading
- 00:10:31the deell operations includes like
- 00:10:33building docs tutorials templates
- 00:10:35leading workshops talks at events but I
- 00:10:38also help out uh build out some
- 00:10:39Integrations with other Pro protocols so
- 00:10:42I do some like development research on
- 00:10:44on these protocols and such that I can
- 00:10:47uh kind of like like dadley said like
- 00:10:49work with Kilt or work with whatever uh
- 00:10:52with with other blockchains or any other
- 00:10:54uh web three service in this case h and
- 00:10:57I also have done some some developments
- 00:10:58so for some daps like agent like our
- 00:11:01agent Wars frame that we deployed on
- 00:11:03farcaster I built that along with uh
- 00:11:06building some of the runtime uh pallets
- 00:11:08for um follow world back in the past but
- 00:11:12uh to kind of go into Falla Network in
- 00:11:15general Falla is a deepin protocol with
- 00:11:18over 36,000 uh tested te nodes uh te
- 00:11:22being trusted execution environment uh
- 00:11:24we leverage this architecture to create
- 00:11:27a secure offchain computation protocol
- 00:11:30so so th this means that we can now be
- 00:11:33able to like serve as a AI co-processor
- 00:11:36for blockchain so any any kind of web 3
- 00:11:39service or any other uh smart contract
- 00:11:41platform we we feel that we are able to
- 00:11:44like enhance their uh capabilities by
- 00:11:47providing this uh offchain computation
- 00:11:49since our programs are running in a
- 00:11:52secure offchain worker uh executing
- 00:11:54within our uh tees so um why did we
- 00:11:57choose uh polka dot so substrate is
- 00:12:00honestly like the the best SDK for
- 00:12:02building customized blockchains so just
- 00:12:05like uh just just like uh where I
- 00:12:08described earlier it it it allows us to
- 00:12:10create these unique use cases for
- 00:12:12something like secure offchain
- 00:12:14computation which is really really hard
- 00:12:16to do when it comes to like ethereum or
- 00:12:19uh other blockchains uh as well so we
- 00:12:22found that uh Polkka dot was like the
- 00:12:24the best uh place to build this and then
- 00:12:26also like like uh previously mentioned
- 00:12:29we don't have to worry about uh running
- 00:12:31our own L1 and having to uh you know
- 00:12:35attract users and liquidity to be able
- 00:12:38to like uh boost strap our our protocols
- 00:12:40so using uh having polka dot to be able
- 00:12:43to process our box on the relay chain is
- 00:12:45uh and in a secure way is uh something
- 00:12:48that was very attractive for us so we
- 00:12:49are like one of the uh original uh pair
- 00:12:52chains that started uh during the uh
- 00:12:54beginning of the auctions back in what
- 00:12:56was it like 202
- 00:12:59one at the end of the year so um yeah
- 00:13:02we're like continuing to build continue
- 00:13:05to uh build products and uh allow for us
- 00:13:09to get like user feedback to see how we
- 00:13:11can enhance the developer experience and
- 00:13:13really break down that barrier that we
- 00:13:15see today in like web 3 where it's uh
- 00:13:18you know a little it's a little hard to
- 00:13:21build something that's competitive to
- 00:13:22these web two apps so that's that's my
- 00:13:25little uh
- 00:13:27tidbit fantastic yes 21 seems like ages
- 00:13:30ago right already even though it's been
- 00:13:31three years um you've mentioned some of
- 00:13:34the blockers already for the web three
- 00:13:36developers um is there anything else
- 00:13:38that you find is another blocker for
- 00:13:41those who want to get into the web three
- 00:13:44today uh yeah yeah I mean to me um one
- 00:13:50blocker today would be like a bearish
- 00:13:52mark Market bearish in a sense uh we
- 00:13:55have some up and downs uh also there's
- 00:13:58there's a lot of attention like a lot of
- 00:14:00attention driven types of uh uh things
- 00:14:04for Dev so like if they see like oh this
- 00:14:06is where all the liquidity is here
- 00:14:08they're going to go build there so it's
- 00:14:10it's it's really hard it's really hard
- 00:14:12to get developers to uh one want to
- 00:14:15build somewhere where it could be a
- 00:14:17little bit siloed so having more uh you
- 00:14:20know Avenues to access equid would be
- 00:14:23really really huge for unblocking these
- 00:14:26uh developers in web 3 today um another
- 00:14:29thing that that I've put down is just
- 00:14:31like uh getting kind of closer to these
- 00:14:34these Web Two user experiences so really
- 00:14:38breaking down where where are the
- 00:14:40blockers where are like when developers
- 00:14:42kind of drop off and kind of give up I I
- 00:14:46would say that's that's something that
- 00:14:49is that has that has to be solved and
- 00:14:51something we're we're really focused on
- 00:14:54uh kind of delivering for these
- 00:14:55developers and then uh one one last
- 00:14:57thing I won't speak too long on it but
- 00:14:59uh like giving developers a a very quick
- 00:15:03way to profit so like their time to
- 00:15:05profit whenever they're building their
- 00:15:07their daps like are they are they
- 00:15:09building a Dap and then say they deploy
- 00:15:12it but it's really hard to attract users
- 00:15:14and even generate profits that might be
- 00:15:17very timec consuming for developers and
- 00:15:19it could put a bad taste in their mouth
- 00:15:20if they do not if they're not successful
- 00:15:22so I find I find these as like some of
- 00:15:24the we three blockers that I've I've
- 00:15:26analyzed over the last couple years or
- 00:15:28so
- 00:15:29wow this these are really good points
- 00:15:32yeah absolutely if you don't get the
- 00:15:33rewards quickly you you lose interest I
- 00:15:35mean obviously um dadley do you have
- 00:15:37anything else to add in terms of
- 00:15:39blockers that you might have
- 00:15:41seen uh yeah yeah for sure I think one
- 00:15:44of the things that uh again Joshua is
- 00:15:46right on all of those points but one of
- 00:15:48the others is the um stigma around um
- 00:15:51web free um it's unfortunately got a bit
- 00:15:53of a bad reputation in the last x amount
- 00:15:57of years um and web two developers seem
- 00:16:02to avoid uh touching anything with the
- 00:16:05that type of stigma at the moment purely
- 00:16:07for the fact that they they seem it to
- 00:16:09be somewhere they will find Bad actors
- 00:16:13or unsafe reactors that uh promise to do
- 00:16:16something or they try to scam people and
- 00:16:19so forth and that's uh definitely a
- 00:16:22place where uh I hear a lot of these Web
- 00:16:25Two developers um talk about and gives
- 00:16:28them a bad reput gives us a bad
- 00:16:30reputation especially for um individuals
- 00:16:32in here who who do build and do uh
- 00:16:35produce uh projects that are meaningful
- 00:16:38right and it's hard especially when you
- 00:16:40try to approach them and they seem to to
- 00:16:43make out that it doesn't matter um
- 00:16:45they're still going to find this so I
- 00:16:47think uh rebranding or maybe re looking
- 00:16:49at ourselves again um and trying to be a
- 00:16:52little bit more mature I don't know that
- 00:16:54could be a possibility but yeah I think
- 00:16:57um just the general stigma is is pretty
- 00:17:00hard to to to shake off at the moment
- 00:17:03yeah yeah absolutely the bad press is
- 00:17:05really difficult to wash away right I
- 00:17:08some lots of positive messages um there
- 00:17:12fantastic F thank you dle Tony can I go
- 00:17:14to you is there anything else that you'd
- 00:17:16like to add on this yeah sure I I have a
- 00:17:19huge list of blogers for web three to
- 00:17:22actually get into the mainstream but
- 00:17:24maybe just mentioning one or two that
- 00:17:26are related to legislation legislation
- 00:17:29really C catching up with the amount of
- 00:17:31things that can be done and just to
- 00:17:32provide two examples uh yeah when we had
- 00:17:35this layer two still we have it uh we
- 00:17:38built a a a payment Gateway a really
- 00:17:41simple payment Gateway where you can
- 00:17:42basically pay in Euros or dollars for
- 00:17:45the exchange of an asset that is on
- 00:17:46chain it's really simple it's solved
- 00:17:48everywhere in the web through world in
- 00:17:51the web3 world um basically the third
- 00:17:55party provider your payments provider
- 00:17:57that you know the licensed one that was
- 00:17:58work working with us would drop like
- 00:18:00every in a period of 8 to 12 months
- 00:18:03because he he would they would get a
- 00:18:04requirement by the legislative body in
- 00:18:06their country saying hey AR you actually
- 00:18:08are you doing nfts in the background
- 00:18:10like it's not nfts it's just exchange of
- 00:18:12uh Euros from user a to user B and yet
- 00:18:15there's another third party that
- 00:18:17actually transfers the asset okay you
- 00:18:19should stop doing that and that happened
- 00:18:21three times in the in a period of three
- 00:18:23years um it's super painful they see the
- 00:18:26business they want to work on that on
- 00:18:27that but it's basically impossible
- 00:18:28possible so that's just concerning
- 00:18:31legislation and payments which is
- 00:18:32massive if you want to get to the web to
- 00:18:34world people that don't want to really
- 00:18:36own uh you know a significant amount of
- 00:18:39crypto yet or they just want to play a
- 00:18:41video game perhaps right uh and then
- 00:18:44also in order as a developer if you want
- 00:18:45to build use cases that are really
- 00:18:47compelling to you like for me like one
- 00:18:49of the use cases that I would love to be
- 00:18:51able to to be to use not necessarily to
- 00:18:54build but to use is being able to share
- 00:18:57the future royalties
- 00:18:59of a musician song okay I I I follow my
- 00:19:02upand coming musicians I believe in them
- 00:19:04I think they're going to be great and
- 00:19:06like me I think you know zillions of
- 00:19:08people around the world if I could you
- 00:19:10know just up you know pay a little bit
- 00:19:12up front so that actually I'm helping
- 00:19:14the guy or actually actually you know
- 00:19:16bootstrapping because I think that at
- 00:19:18the end of the day I I may even cash
- 00:19:20back maybe not but I may even cash back
- 00:19:21at some point in my life that if you
- 00:19:23want to implement that use case probably
- 00:19:25you need to rule half of the world out
- 00:19:27because it's not legal to do that in or
- 00:19:30or or not even clear whether it's legal
- 00:19:32or not in most geographies in the world
- 00:19:34right so you can really not even if the
- 00:19:36technology would was there already for
- 00:19:39supporting that use case and the wallets
- 00:19:40were not an issue and things like this
- 00:19:43um it's basically such a pain to to
- 00:19:45build a use case that most people end up
- 00:19:47abandoning so like this I think many of
- 00:19:50us can speak of different use cases that
- 00:19:52are you know just due to legislation
- 00:19:54such a pain to
- 00:19:56build yeah the Great areas do pose a
- 00:20:00problem and can be a a great blocker for
- 00:20:02a lot of people yeah thank you for that
- 00:20:05a really fantastic points um Francisco
- 00:20:07I'm gonna get to you with this question
- 00:20:10as well but actually you've already
- 00:20:11addressed some of the issues that you
- 00:20:13are so with with KY um so maybe let's
- 00:20:16delve a little bit deeper into your
- 00:20:17project um if you don't mind so um what
- 00:20:21in your opinion are the benefits of
- 00:20:23deploying an app chain for example as
- 00:20:25opposed to spinning up a par chain or an
- 00:20:28application smart contract platform um
- 00:20:30can you talk to that a little
- 00:20:32bit um yeah sure so I mean at the end of
- 00:20:35the day deploying an app an app chain
- 00:20:37through tansi the benefits is that you
- 00:20:39don't have to deal with kind of all the
- 00:20:40infrastructural responsibilities right
- 00:20:42like um be before we started tansy if
- 00:20:45you look at kind of the landscape two
- 00:20:47years ago if you wanted to launch your
- 00:20:48own chain you have to bootstrap your own
- 00:20:50validator set you have to find out how
- 00:20:51to incentivize those validators you have
- 00:20:54to evaluate their performance there's a
- 00:20:55back and forth um for simplicit purposes
- 00:20:59a lot of developers just decide to
- 00:21:00launch with a couple of validators but
- 00:21:02that then you kind of trade um
- 00:21:04decentralization and and security right
- 00:21:06then once you launch the chain you
- 00:21:09realize okay I have you know I have
- 00:21:11consensus I have block production I have
- 00:21:14data availability all these kind of
- 00:21:15Primitives for the protocol and then you
- 00:21:18realize okay now I need a block Explorer
- 00:21:19right otherwise I'm completely blind as
- 00:21:21to what's happening I need an indexer in
- 00:21:23order to query data on the Chain I need
- 00:21:24an oracle if I'm building a lending and
- 00:21:26borrowing protocol I need RPC points I
- 00:21:29need Bridges so you start getting all
- 00:21:31these kind of complimentary things that
- 00:21:33are inherent with running the chain
- 00:21:34right you can't get away from those
- 00:21:35things so um ultimately that ends up
- 00:21:38resulting in a time to Market of months
- 00:21:40right and um so with tansy you kind of
- 00:21:42get all those things out of the box um
- 00:21:44so you don't have to deal with with all
- 00:21:46those infrastructural stuff and you can
- 00:21:48just focus all the time energy and and
- 00:21:50resources of your team to developing the
- 00:21:52actual application that you want to
- 00:21:53build right um I think we saw a similar
- 00:21:56transition in web 2 back in the day you
- 00:21:58know you had to run your own servers you
- 00:21:59had to yeah it was just a lot more
- 00:22:01infrastructure intensive to to even
- 00:22:04launch a website right and then things
- 00:22:05like the cloud came along uh so I think
- 00:22:07we're starting to see the same
- 00:22:09transition in web 3 and we're trying to
- 00:22:11provide kind of this cloudlike service
- 00:22:14leveraging the polka dot kind of
- 00:22:15architecture without compromising on
- 00:22:17decentralization and security um so
- 00:22:20that's kind of comparing deploying a
- 00:22:22fully fledged L1 versus just deploying
- 00:22:24through tamy um there's trade-offs
- 00:22:27obviously and then the smart contracts
- 00:22:29approach is just different right like
- 00:22:30with smart contracts I I don't really
- 00:22:32look at it in a binary way smart
- 00:22:33contracts are capable of servicing use
- 00:22:35cases that app chains cannot uh
- 00:22:37liquidity is a great example of that
- 00:22:39right if you're going to build a chain
- 00:22:40bootstrapping liquidity from zero is
- 00:22:41like an incredibly difficult thing to do
- 00:22:44uh so it just makes a lot more sense to
- 00:22:45deploy smart contracts on something like
- 00:22:47ethereum or Moonbeam where there's an
- 00:22:48existing defi ecosystem and we're even
- 00:22:50starting to see use cases where there
- 00:22:52it's a it's a hybrid model right so you
- 00:22:54tap into an existing evm kind of shared
- 00:22:57environment to tap into the liquidity
- 00:22:59but then if your applic if your
- 00:23:00application is has kind of workloads
- 00:23:03that are demand demanding on block space
- 00:23:06you can offload that into tany app chain
- 00:23:08or container chain um so we're starting
- 00:23:11to see these kind of Hybrid models uh
- 00:23:13tan app chains are great if you need
- 00:23:14dedicated block space if you need
- 00:23:16sovereignty if you need customization
- 00:23:19those are things that are just not
- 00:23:20possible on shared evm environments and
- 00:23:22um so yeah it's it's about tradeoffs uh
- 00:23:24and and what you're deciding to do and
- 00:23:27um I think we tend to
- 00:23:29it is true that like developer
- 00:23:30experience like that that will
- 00:23:32ultimately bring in a lot more
- 00:23:33developers we're nowhere near what like
- 00:23:35web 2 is at but I I would say we also
- 00:23:37need to find like use cases right and
- 00:23:39like product Market fit there's a lot of
- 00:23:41like over supply of infrastructure in
- 00:23:42web 3 right now but there's not nearly
- 00:23:44as many successful like use case stories
- 00:23:47right I think recently it's like pump.
- 00:23:50fun on salana they're getting a ton of
- 00:23:51traction right so I think we need to see
- 00:23:53more of these applications and it's kind
- 00:23:55of a little bit of a chicken and egg
- 00:23:56problem where you need to make the
- 00:23:57developer experience so easy that you
- 00:23:59got to you kind of broaden that top of
- 00:24:01the funnel for like as many developers
- 00:24:03to come in and it's just a numbers game
- 00:24:05right like finding high quality teams
- 00:24:07that are going to be successful if
- 00:24:08there's a hundred uh maybe one or two
- 00:24:11will be successful the problem is that
- 00:24:12the developer experience r i is so bad
- 00:24:14that the number of teams that are
- 00:24:15willing to go through that process is
- 00:24:17just very low so you're reducing that
- 00:24:18probability of finding good teams right
- 00:24:20so the the goal with improving the
- 00:24:22developer experience is just increasing
- 00:24:24the probability of finding like these
- 00:24:25product Market fit use cases
- 00:24:29yeah no absolutely um yeah sometimes you
- 00:24:32just want to build something exciting
- 00:24:34and then but you have to also do the
- 00:24:35research right and making sure that it
- 00:24:36fits um what is the market requirements
- 00:24:39um just want to make sure that um those
- 00:24:41of you who are listening actually you
- 00:24:43can make comments and if you have
- 00:24:46questions for our speakers um don't
- 00:24:49hesitate to put them in the comments and
- 00:24:50we'll try to answer them at the end of
- 00:24:52this panel I'm sure you have a lot of
- 00:24:54burning questions that you want to dig
- 00:24:55it deeper into um but thank you so much
- 00:24:57for this really um amazing answer and
- 00:25:00there a lot of interesting points that
- 00:25:02you've mentioned um I want to move on to
- 00:25:04Joshua and actually talk about um how F
- 00:25:08eii agents um helps developers and what
- 00:25:12are the most exciting use cases uh
- 00:25:14you've seen so far you've touched upon
- 00:25:16it a bit but maybe we can just dive a
- 00:25:18little bit deeper into
- 00:25:19that yeah definitely and I I'll kind of
- 00:25:22like break down the question a little
- 00:25:23bit um first um so so with the the AI
- 00:25:27agents piece uh so fall has created this
- 00:25:30AI agent contract uh and this contract
- 00:25:33is going to be able to one have two two
- 00:25:35two components one component being the
- 00:25:37agent script so this agent script is all
- 00:25:40the logic for your agent and this is
- 00:25:42what's going to be uh executing in The
- 00:25:44Trusted execution environment so we have
- 00:25:46like a long living virtual machine
- 00:25:48running inside te that has embedded a JS
- 00:25:51engine in there so so that you can uh
- 00:25:54execute uh like asynchronous programs in
- 00:25:56this case uh along with some like
- 00:25:59default uh security and privacy
- 00:26:01guarantees with the the execution within
- 00:26:03the te so this is like the first
- 00:26:05component and then the second component
- 00:26:07would be the onchain component of
- 00:26:09whichever uh chain you want to uh use or
- 00:26:13smart contract uh chain in this case as
- 00:26:16well to be able to like regulate this uh
- 00:26:19script in a sense so being able to
- 00:26:21regulate these agents and be able to
- 00:26:23monetize them is something that we we
- 00:26:25find very important and this is kind of
- 00:26:28like the the basis of uh our product
- 00:26:31called Agent Wars that we've just
- 00:26:33launched so um in agent Wars uh just a a
- 00:26:37simple breakdown of that is uh we we've
- 00:26:39made it possible for you to go into uh
- 00:26:42agent Wars and uh claim your AI clone so
- 00:26:45this AI clone is based on your Twitter
- 00:26:48um it takes all of the the data from
- 00:26:50your Twitter and uh some of your tweets
- 00:26:53and then just kind of uh gives you like
- 00:26:55a little agent that you can own and then
- 00:26:58uh have your community buy keys to be
- 00:27:00able to interact with the agent and the
- 00:27:02keys uh are like our like experimental
- 00:27:06like token economics type of piece here
- 00:27:08so that uh it's it's determined by a
- 00:27:11bonding curve for the for these key
- 00:27:13prices so so people can start to buy
- 00:27:15these Keys up and uh get like a piece of
- 00:27:18ownership of these agents they can buy
- 00:27:20mini keys if they would like as well and
- 00:27:22then in the future uh as we like
- 00:27:24continue to get user feedback and start
- 00:27:25to upgrade these uh contracts running on
- 00:27:28chain we're able to then uh offer like
- 00:27:31some some more decentralized uh aspects
- 00:27:34to it so like being able to govern it uh
- 00:27:36govern these agents and govern the uh
- 00:27:38system prompts that are configurating
- 00:27:40these agents um to be uh voted on by the
- 00:27:44community so people that own own keys of
- 00:27:46these agents and uh this is kind of like
- 00:27:50where where we see uh being able to take
- 00:27:53take these agents to the next level
- 00:27:54because in the traditional Web Two stack
- 00:27:56it's really hard to um get all of the um
- 00:28:01Rewards or the
- 00:28:02monetization uh aspects in this case uh
- 00:28:05for the developers um to today because a
- 00:28:09lot of it they might you know they might
- 00:28:10deploy an agent but maybe they're not
- 00:28:12seeing as much traffic or they get a lot
- 00:28:14of traffic and they don't see as much
- 00:28:15profit so there's um we're just
- 00:28:18experimenting in this in this piece so
- 00:28:20that we can offer uh some standard
- 00:28:22templates for developers to really um
- 00:28:25start building and customizing based on
- 00:28:28uh how they want to how they want to
- 00:28:29build so um th that's like the the first
- 00:28:33interesting use case we actually just uh
- 00:28:36participated at uh the hackathon with
- 00:28:39polka dot at uh consensus and we had a
- 00:28:42couple interesting submissions one one
- 00:28:44being like a uh a Marketplace for
- 00:28:46athletes called babes uh what they did
- 00:28:49was used the AI agent contract to have
- 00:28:52the users enter a prompt whenever they
- 00:28:54select a chain that they want to uh
- 00:28:56generate so they have a pendant that uh
- 00:28:59gets generated uh into a 3D model and
- 00:29:01then from there that 3D model is then uh
- 00:29:04sent over toonomic to be 3D printed and
- 00:29:07then all that um like supply chain uh
- 00:29:11piece is uh automated on chain and such
- 00:29:14that you could uh then have your uh
- 00:29:16chains being uh shipped to your um users
- 00:29:20that are purchasing these uh chains so I
- 00:29:22thought that was like a really cool like
- 00:29:24introductory use case to like AI agent
- 00:29:26contracts as a piece of your your your
- 00:29:29daps another one was uh
- 00:29:31Foresta um one of the things that they
- 00:29:33used was the uh uh aalon like schroger
- 00:29:38nft they kind of uh forked that and made
- 00:29:40a customization for like encrypted file
- 00:29:43execution with like Access Control
- 00:29:45rights so so a user could Grant um could
- 00:29:49Grant other uh users uh permissions to
- 00:29:51execute this encrypted file so I thought
- 00:29:54that was like a a really interesting uh
- 00:29:56use case as well but um yeah that's
- 00:29:59that's kind of like where we're at right
- 00:30:00now with the AI agents and then one of
- 00:30:03the main things of like uh kind of
- 00:30:05reducing that uh time to to Market or
- 00:30:09development uh experience in a sense is
- 00:30:12uh all this uh agent script part is uh
- 00:30:16written in typescript so uh being able
- 00:30:18to write in typescript and then also uh
- 00:30:21without uh uh without the agent doubt
- 00:30:24part you can you can deploy this uh
- 00:30:26directly without even having a uh wallet
- 00:30:29so you could kind of it's kind of you
- 00:30:31could think of it as kind of like a
- 00:30:32fancy little HTTP server at your
- 00:30:34disposal running inside a te but that's
- 00:30:38yeah that's all I have for this one
- 00:30:39right here wow that's something such
- 00:30:42cool use cases um and definitely you
- 00:30:45know yeah a lot of people can relate to
- 00:30:47that even if they're not um they're new
- 00:30:49to the web free world I think it's
- 00:30:51definitely easy for a lot of them to get
- 00:30:53into that especially with all the hype
- 00:30:54about the AI I think that's that's a
- 00:30:56good one I to get people interested
- 00:30:58fantastic um no thank you so much for
- 00:31:00sharing all of this and D I want to
- 00:31:02actually go to you and um do you mind
- 00:31:05talking about how kill and utilizes the
- 00:31:09did Services I think that's going to be
- 00:31:11a very interesting case to talk about um
- 00:31:14and anything else that you'd like to add
- 00:31:16yeah absolutely now I just wanted to say
- 00:31:18uh it's like a really cool use case as
- 00:31:20well Joshua so I just wanted to give
- 00:31:22that like the Rob robotics one as well
- 00:31:26but yeah uh for Kil it's itself um yeah
- 00:31:29we we pretty much want to provide a
- 00:31:32standard digital identity um and this
- 00:31:35comes basically from what I mentioned
- 00:31:36earlier regarding um using these
- 00:31:39specific standards from the worldwide
- 00:31:40Web Consortium um called decentralized
- 00:31:43identifiers or dids for short and in
- 00:31:46combination with verifiable credentials
- 00:31:48so again uh we expect like businesses
- 00:31:51and users to both um need these and in a
- 00:31:55way that uh this is the foundation of
- 00:31:57like digital identity solution right we
- 00:31:59provide uh we really want to give
- 00:32:01control back to the individual users and
- 00:32:04kind of allow them to make those
- 00:32:06decisions about who are they um actively
- 00:32:08working with or to authenticate or
- 00:32:11authorize them to have some form of
- 00:32:14Access Control to business services so
- 00:32:17again um our solution wants to return
- 00:32:19the control to the users and offload the
- 00:32:22burden of uh uh protecting user data
- 00:32:25from businesses right so again
- 00:32:28some some of these businesses do not
- 00:32:30want to like control uh these projects
- 00:32:33uh these users uh data um and it's
- 00:32:37understandable I mean if we look at like
- 00:32:39anything for the gdpr um you have to be
- 00:32:41compliant and make sure that you're
- 00:32:43holding this data and is expensive and
- 00:32:45again there's um some dangerous uh
- 00:32:50practices out there and some people
- 00:32:52don't know how to manage the data
- 00:32:54there's data leaks and so forth so it's
- 00:32:56not just dangerous for the businesses
- 00:32:58especially when it costs uh but it's
- 00:33:00also dangerous for the uh users to have
- 00:33:02their U exposing their data unwillingly
- 00:33:06or willingly to maybe unsaved
- 00:33:08reactors uh that want to use their data
- 00:33:11so for us uh dids is a perfect solution
- 00:33:13for this right so um an individual has a
- 00:33:17set of cryptographic material um keys in
- 00:33:20that case and they can freely disclose
- 00:33:24uh their credentials or claims about
- 00:33:26oneself uh to businesses as long as
- 00:33:29they're um free to choose um who to
- 00:33:33disclose to um we believe that's um up
- 00:33:36to the user's choice and actively uh
- 00:33:38they can opt in and opt out of um
- 00:33:41Solutions especially with uh credentials
- 00:33:44so we see businesses looking to go that
- 00:33:47way um not just businesses but uh
- 00:33:49government bodies um they see the the
- 00:33:51the need for users to have their digital
- 00:33:53identity in their control so again we're
- 00:33:56seeing real world cases coming up um
- 00:34:00people have been neglecting the digital
- 00:34:02world for some time regarding their
- 00:34:04identity and it's time that uh yeah we
- 00:34:08we allow businesses um ways to build
- 00:34:11services on top of it so again I know
- 00:34:13that Francesco mentioned some of these
- 00:34:15bottlenecks that individuals come in and
- 00:34:17they're having issues with uh on
- 00:34:20boarding and individuals have bad
- 00:34:23experiences and if we're not capable or
- 00:34:25we not able to give them a better
- 00:34:27experience
- 00:34:28that developer is going to not tell
- 00:34:31their colleagues or friends about the
- 00:34:33solution they used and it's not going to
- 00:34:36make them want to talk about it I mean
- 00:34:38again some of these solutions that we've
- 00:34:40seen in the past in web 2 Worlds they're
- 00:34:42very convenient and very easy to use and
- 00:34:44that brings the word of mouth to
- 00:34:46individuals and then allows them to to
- 00:34:48build again and again again on these
- 00:34:50same software and same Frameworks and so
- 00:34:52forth um so we're hoping to to provide
- 00:34:56that um we we have a mude of services
- 00:34:58again I mostly work on dap development
- 00:35:01and stuff like that so I've buil several
- 00:35:04daps um again continually proving and
- 00:35:07continually trying to make the
- 00:35:08onboarding step easier for people and um
- 00:35:12I think it's just inevitable that we'll
- 00:35:16work on this and I think dads and
- 00:35:20verifiable credentials will have its
- 00:35:22place in not just the web 3 world but
- 00:35:24the web two world and allow individuals
- 00:35:27to to build um products out of them have
- 00:35:31access control have memberships um
- 00:35:33available them to them to to to build
- 00:35:37again um clubs like we used to back in
- 00:35:412006 when we first started playing video
- 00:35:43games having your own uh clan um or
- 00:35:47groups of people and having that sort of
- 00:35:50Grassroots spill and um giving those
- 00:35:53people um that opportunity again with Ds
- 00:35:56and verifiable potentials so again I see
- 00:35:59a lot of potential and I see a lot of
- 00:36:01things that we could do with it uh we
- 00:36:03just got to make sure the experience is
- 00:36:05there for them that they go and tell
- 00:36:07their friends or colleagues about the
- 00:36:09the stuff that we're building yeah so no
- 00:36:12absolutely I'm knowing about is so
- 00:36:14important but do you think also that
- 00:36:16being aware of the importance of the
- 00:36:18digital identity is also part of it do
- 00:36:20you think that some people don't pay too
- 00:36:22much attention to it and just throw the
- 00:36:24data around in the internet too easily
- 00:36:26yeah I I feel like uh you're totally
- 00:36:28right there people do um don't respect
- 00:36:31your digital Identity or your data that
- 00:36:34we're consuming or giving away I mean um
- 00:36:37there's a billion dollar compan uh
- 00:36:39companies out there that monopolize on
- 00:36:41it and obviously they're monopolizing up
- 00:36:43for some reason um and I think
- 00:36:47individuals um want more convenience but
- 00:36:50um if we can provide the same level of
- 00:36:52convenience or maybe slightly less while
- 00:36:54giving them control I think um that's
- 00:36:58the The Narrative as well I mean it's
- 00:37:00it's hard to to explain to some of my
- 00:37:03family members uh what's the importance
- 00:37:05of um data sharing or what information
- 00:37:10you share out there um I I'd love to
- 00:37:13introduce them to podcasts regarding
- 00:37:16like uh dark neck Diaries which explains
- 00:37:19some of the vulnerabilities that happen
- 00:37:21and again um they listen to one or two
- 00:37:24podcasts and they start to realize the
- 00:37:26the dangers that they put themselves in
- 00:37:28or their children in uh by sharing these
- 00:37:31types of data um I know that there's
- 00:37:34again legislation out there that's um
- 00:37:36trying to work towards it but it's at
- 00:37:39the same time kind of kneecapping some
- 00:37:40of these developments that we have
- 00:37:42especially um yeah again it's it's hard
- 00:37:46it's very hard yeah
- 00:37:50people but it's a very important issue
- 00:37:52and hopefully more people realize um
- 00:37:54that they should be more careful and
- 00:37:56that there are other
- 00:37:58to to the internet as well absolutely um
- 00:38:01thank you D so much Tony let's um let's
- 00:38:03maybe move to you and I mean all of our
- 00:38:06speakers have shared the use of the
- 00:38:09technology and what they been building
- 00:38:10but I think one of the interesting
- 00:38:12things about lais is actually the use of
- 00:38:14the XDM something very specific um to
- 00:38:18poka do so maybe we can talk a little
- 00:38:20bit about that Tony and how the XM how
- 00:38:23La leverages the XM capabilities to
- 00:38:26enable builders on poet
- 00:38:28and across the web three that'll be very
- 00:38:29interesting sure sure yeah yeah so well
- 00:38:32on the one hand we use it the standard
- 00:38:34way that looks standard to us but uh I
- 00:38:36think for the rest of outside ecosystems
- 00:38:39being able to transfer uh things uh to
- 00:38:41other layer ones in a fully uh secure uh
- 00:38:46and not mandated by intermediaries way
- 00:38:49uh is amazing so we use that to provide
- 00:38:51we will use that to provide liquidity to
- 00:38:52the Token you allow it to be in exchange
- 00:38:55in different part chains uh the standard
- 00:38:58thing but besides that we've leveraged
- 00:39:01if you want part of the technology and
- 00:39:02also the spirit of xcm of being able to
- 00:39:05from one par chain from one chain
- 00:39:07Sovereign chain being able to refer to
- 00:39:10things that live on another consensus
- 00:39:12system all right not necessarily inside
- 00:39:15padot but even outside and this is one
- 00:39:18of the things that through Universal
- 00:39:19location is part of XM version three uh
- 00:39:23We've completely leveraged that and
- 00:39:24boost it on steroids and used it to be
- 00:39:28able to connect as we were saying before
- 00:39:30ethereum and padot or you know polygon
- 00:39:32and padot through La so the outcome of
- 00:39:37this is the following right so so
- 00:39:39thinking about use cases again so you
- 00:39:41are and these are very real use cases
- 00:39:43right you have a video game that's free
- 00:39:45to play everybody downloads it it's
- 00:39:47obviously free and you want you maybe
- 00:39:49you want your users to experience
- 00:39:50ownership from day one since they since
- 00:39:53they download it right so give them nfts
- 00:39:55for free maybe it's a soccer manager
- 00:39:57game so give them 18 nfts just for
- 00:39:59downloading the game you want to do
- 00:40:02something similar with real world asset
- 00:40:04you want to tokenize all the car titles
- 00:40:06I saw one of the comments there or
- 00:40:07anything that's at a massive scale right
- 00:40:10great you want to do it in a place where
- 00:40:13liquidity sits where all your eyes are
- 00:40:15all the eyes in the world are there
- 00:40:16where buyers purchases are potentially
- 00:40:18there where people all the ecosystem is
- 00:40:19already compatible there right okay you
- 00:40:21cannot you cannot do it on ethereum
- 00:40:23that's your your your number one place
- 00:40:25to go you just can't right so so you
- 00:40:27start looking at layer tws that's a
- 00:40:29normal procedure as as we've seen out
- 00:40:31there for years now they most of them
- 00:40:34will end up in layer twos or layer
- 00:40:37threes that as Francisco was saying they
- 00:40:39are just
- 00:40:40centralized put the name you want
- 00:40:42afterwards sequencers this have they
- 00:40:44have so many centralized uh components
- 00:40:46please everybody that's looking at us go
- 00:40:48to L2 bit be a I'll try to share the the
- 00:40:52link later. com/ scaling risks and
- 00:40:55you'll see an analysis that's publ for
- 00:40:57all layer twos and layer threes on over
- 00:40:59ethereum with all sort of red flags well
- 00:41:02known about potential issues that they
- 00:41:04already have right but people still do
- 00:41:07that and there's a massive amount of
- 00:41:08total value locked on those chains
- 00:41:11because they want to scale and have the
- 00:41:13feeling that they still somehow are on
- 00:41:15ethereum or on those major ecosystems so
- 00:41:18on the one hand they pay the tradeoff of
- 00:41:20security on the second hand all their
- 00:41:23users are not just going to be in a less
- 00:41:25secure place they ALS going to have a
- 00:41:28severe ux problem they're going to use a
- 00:41:29bridge so to be able to operate they're
- 00:41:32going to have to bridge if okay what's
- 00:41:35bridging and we're talking about the
- 00:41:36mainstream we all have the dream of
- 00:41:38reaching the mainstream what's a bridge
- 00:41:40what's wrapped something so and why do I
- 00:41:43even have to pay to start doing anything
- 00:41:46with all those you know there's a severe
- 00:41:48ux issue as well when people go through
- 00:41:50these other Solutions so with Laos and
- 00:41:55thanks to paulot uh there's a number of
- 00:41:58things they can do while remaining on
- 00:42:00ethereum or while wherever they wanted
- 00:42:02to choose because they think that's
- 00:42:04where the ideal ecosystem is for them
- 00:42:06without departing from there just of
- 00:42:09loading part of the costs of operating
- 00:42:12there so say you want to Mint all those
- 00:42:14assets you want to meet 1 million FS
- 00:42:16right now on ethereum it's not just that
- 00:42:19you're going to pay hundreds of millions
- 00:42:20of dollars worth of it you're just not
- 00:42:23going to be able to make it today for
- 00:42:24you have to wait a couple of weeks for
- 00:42:26those transaction to be processed right
- 00:42:28so instead you use LA to upload all
- 00:42:32those cost costs in the background as
- 00:42:35xcm this extension of XM that we talked
- 00:42:37about at the beginning um but for the
- 00:42:41end
- 00:42:42user you all those millions of nfts go
- 00:42:44to recipients that see the nfts on
- 00:42:47ethereum they trade them with it they
- 00:42:49trade them on openc or you know they
- 00:42:51favorite Marketplace and they do defy
- 00:42:53with all the defy ecosystem right there
- 00:42:55and same for eum same for poly whatever
- 00:42:57the the developer chose the developer is
- 00:42:59the only one that knows that LA and P do
- 00:43:01exists their users don't necessarily if
- 00:43:04they don't and that's Beauty because
- 00:43:06they can choose whever they want to be
- 00:43:08because it benefits the application
- 00:43:09without having to boot stuff from
- 00:43:11without having to go through Bridges and
- 00:43:12L2 and all that thing right so we think
- 00:43:15that's a that's that's solving a massive
- 00:43:16problem that's right there today uh not
- 00:43:20not the use case of the future future
- 00:43:22and maybe just finishing the
- 00:43:24intervention there uh we we I spoken a
- 00:43:26lot about about EVMS right so ethereum
- 00:43:28and all those but the same will be
- 00:43:30applied to uh Bitcoin by the end of this
- 00:43:32year so la will also be connected there
- 00:43:34we have Grant to help support uh this
- 00:43:37transition as well and just to give a
- 00:43:38number so in the last months people have
- 00:43:40gone crazy meting on bitcoin I don't
- 00:43:43judge why but clearly they see the value
- 00:43:45why so they they've spent half a billion
- 00:43:47dollars on minting nfts since nfts
- 00:43:49became through ordinals and inscriptions
- 00:43:51a think on PO on on bitcoin and again
- 00:43:54I'm not judging it but the problem is
- 00:43:56there and they are paying a billion just
- 00:43:58to be able to do that right so again
- 00:44:00with PKA do they're going to be able to
- 00:44:01do that much more and at a fraction of
- 00:44:04the cost so that's that's the kind of
- 00:44:06things uh that we're building and that
- 00:44:08we think it solves uh concrete issues
- 00:44:10that we have right now without getting
- 00:44:12into the details of why are all these
- 00:44:14things being used which is an external
- 00:44:17layer yeah yeah no exciting well we're
- 00:44:20looking forward to to this next step um
- 00:44:22T is will be really great and very
- 00:44:25comprehensible um user case for a lot of
- 00:44:28those um who are also new to the web
- 00:44:29free world I think um really provides a
- 00:44:32lot of value thank you so much for that
- 00:44:34so thank you all of you for sharing
- 00:44:36about your projects I think these are
- 00:44:38incredible use cases and we just need to
- 00:44:41make sure that more of the world knows
- 00:44:43about it outside the B um. ecosystem as
- 00:44:47well um but now we're coming close to
- 00:44:50our um talk now and what I want to talk
- 00:44:52about now is there are a lot of changes
- 00:44:55in pokka dot poka do is always changing
- 00:44:57always improving and evolving and
- 00:45:00recently there's been the introduction
- 00:45:02of the agile core time and elastic
- 00:45:04scaling and synchronous backing is
- 00:45:06already here so how do you see this
- 00:45:08changes impacting your projects in the
- 00:45:10future and now in the case of um as
- 00:45:13synchronous backing for example um maybe
- 00:45:15I'll ask Francisco for that question
- 00:45:19first yeah I think these are pretty
- 00:45:20important upgrades for the the PO for
- 00:45:22polka dots protocol right I think you
- 00:45:24know polka dot 1.0
- 00:45:27probably the the biggest shortcoming or
- 00:45:29the biggest flaw of that that V1 was the
- 00:45:33barriers of Entry that it imposed on
- 00:45:35Builders right um I mean if you if the
- 00:45:39first step that you need to take into an
- 00:45:40ecosystem is win an auction and that
- 00:45:43auction you require to front like six
- 00:45:48figures that is just going to drive away
- 00:45:50a lot of Builders right um because you
- 00:45:53know there's no guarantees that at the
- 00:45:54end of the day your your chain is going
- 00:45:55to be successful right it's kind of the
- 00:45:57equivalent of telling an entrepreneur
- 00:45:58who sells I don't know tables you know
- 00:46:00you have to purchase half a million
- 00:46:02dollars worth of tables in inventory
- 00:46:04without having made a single sale right
- 00:46:05so you're taking a huge risk in
- 00:46:07purchasing all this inventory which is
- 00:46:09equivalent to block space and then you
- 00:46:11launch and you don't even know if you're
- 00:46:12going to get product Market fit right so
- 00:46:14already there I think that was that was
- 00:46:15a flaw with the first version of polka
- 00:46:17dot so I'm I'm pretty excited by by kind
- 00:46:20of para threads or on demand chains and
- 00:46:23agile core time because it effectively
- 00:46:25just reduces the barrier of Entry
- 00:46:27significantly for the builders uh so uh
- 00:46:29the developers that just want to get
- 00:46:31started in the ecosystem they can uh go
- 00:46:33for the on demand model try to build
- 00:46:35something if they get traction then they
- 00:46:37can then upgrade into kind of a a
- 00:46:39reserve model and purchase a bunch of
- 00:46:41block space um so that I think is really
- 00:46:44exciting uh tansy I think is very
- 00:46:46complimentary to that model uh in fact
- 00:46:48it was originally conceived with this
- 00:46:50kind of parath thread or on demand chain
- 00:46:51model um and and we plan to offer both
- 00:46:55both things right like a spot versus
- 00:46:56Reserve model so and at the end of the
- 00:46:58day you're still going to need to
- 00:46:59produce blocks even if it's an ond
- 00:47:01demand model right so you'll still have
- 00:47:02to bootstrap um block production nodes
- 00:47:05with tany that makes it even more
- 00:47:06seamless right if you want to produce a
- 00:47:08block you can use our protocol to to do
- 00:47:10that and then if you get traction you
- 00:47:11can upgrade into a full par chain or
- 00:47:14even migrate away right and then you
- 00:47:17know with agile core time it's also
- 00:47:19exciting because it adds like elastic
- 00:47:20scaling and all these things but I'm I
- 00:47:22think that can come later right like
- 00:47:24once you have traction being able to add
- 00:47:26more core such is important but I think
- 00:47:28it's more essential to reduce the
- 00:47:29barriers of entry into the ecosystem by
- 00:47:31removing this auction mechanism so that
- 00:47:33we can get more people in um and yeah
- 00:47:36tany I think is was originally built
- 00:47:37with that with that model in mind right
- 00:47:39so I'm pretty excited um about about
- 00:47:43that awesome yeah this is really this
- 00:47:46these are fantastic changes for a lot of
- 00:47:48people so we really want to see um where
- 00:47:50it takes um poo 2.0 to the next levels
- 00:47:54Josh how does it affect your F Network
- 00:47:57what are the implications for
- 00:47:59you oh yeah I mean Franchesco did a
- 00:48:03really good job answering this uh we're
- 00:48:05kind of like in we have the similar
- 00:48:06mindset for for us like for for us we
- 00:48:09think of it uh as like the the point of
- 00:48:11core time is just to lower down that
- 00:48:13barrier to entry for for polka dot so
- 00:48:16onboarding new devs onboarding uh new
- 00:48:20developers and applications to be able
- 00:48:21to be built on top of poke polka dot and
- 00:48:23kind of Leverage all the different
- 00:48:24technology and then also thinking of
- 00:48:26that it it creates this like Network
- 00:48:28effect also like getting exposure to the
- 00:48:30different uh projects that are already
- 00:48:32deployed on on top of polka dot so so
- 00:48:34for us uh we find it as like more
- 00:48:36developers coming in they'll get
- 00:48:39exposure to some of these great projects
- 00:48:41that are already here talking with us
- 00:48:42and others in the ecosystem and
- 00:48:44including us and we're we're thinking
- 00:48:46that that will help increase the
- 00:48:48developer adoption and start to see a
- 00:48:51lot more use cases uh and also like with
- 00:48:53Asing backing it's gonna uh it's going
- 00:48:55to make the lower so better performance
- 00:48:58is also a plus as well so I I I I find
- 00:49:01it as a like a net positive for for us
- 00:49:04and for everyone here as well absolutely
- 00:49:08absolutely um well we're moving very
- 00:49:11fast now and we only have 10 minutes
- 00:49:12left before um we have to conclude our
- 00:49:15talk so I suggest we move on to the
- 00:49:17closing remarks and maybe anything you
- 00:49:19want to say you are excited about it's
- 00:49:22coming up for the rest of
- 00:49:242024 the year is nearly up um we halfway
- 00:49:27through and also where the listeners can
- 00:49:29find yesly um do you mind sharing a few
- 00:49:32last remarks to our listeners that you
- 00:49:34want to leave them with and also where
- 00:49:37um those who are interested to learn
- 00:49:38more um Can can find you yeah absolutely
- 00:49:42um I just want to say thank you um for
- 00:49:45having me here and the rest of the the
- 00:49:47panel as well um unfortunately I won't
- 00:49:50be coming to poka decoda this year um
- 00:49:53it's it's aligned with my um
- 00:49:57uh time off but I am was super excited
- 00:50:00especially with all of the new things
- 00:50:02coming out and the whole topic of uh Jam
- 00:50:05so I think if you do have the
- 00:50:07opportunity and you do have the the
- 00:50:09funds to go see um here what's actually
- 00:50:12happening I I would love to see what's
- 00:50:14um going to be done decoded I can
- 00:50:16imagine there will be lots of hot topics
- 00:50:18about Jam I think the the rest of the
- 00:50:21year is going to be uh very exciting I
- 00:50:23think uh for for for those um following
- 00:50:27jam and all of the potential growth
- 00:50:29paths
- 00:50:31for for the ecosystem I think this is um
- 00:50:35going to be a very exciting um polka dot
- 00:50:38decoded something that I think is going
- 00:50:40to be definitely a big change um a great
- 00:50:44change and I think um one that uh for me
- 00:50:48personally would love to see and uh um
- 00:50:50be part of as well so I would just say
- 00:50:53that if you can find us at Kilt protocol
- 00:50:56unfortunately I don't have any Twitter
- 00:50:58I'm not on any social medias and so for
- 00:51:02me uh yeah you can find us on our
- 00:51:04Discord again um we have a website K.O
- 00:51:08you can you can have a look there my
- 00:51:10telegram handle and you find all all
- 00:51:13everything on in the bio but yeah I just
- 00:51:15would like to say thanks everyone um and
- 00:51:19excited about some of the upcoming stuff
- 00:51:21as well um elastic scaling and all this
- 00:51:25but yeah I think pokka do de code is
- 00:51:27going to be very exciting so
- 00:51:29yeah thank you dadle yes absolutely
- 00:51:32there's going to be lots happening there
- 00:51:33and for those who can't make it in
- 00:51:35person there's always the virtual live
- 00:51:37streams and also you can connect with a
- 00:51:39lot of uh teams virtually as well so um
- 00:51:43I'm sure maybe some of you also have
- 00:51:44virtual booths available so those people
- 00:51:46can um can connect with you as well um
- 00:51:49Tony any last remarks from you and also
- 00:51:52are you going to be at decoded and your
- 00:51:53team yes yes we are uh excited because
- 00:51:56it's going to coincide with tge for our
- 00:51:58network uh so we're super super happy
- 00:52:01there and three things that we look
- 00:52:02forward uh uh in the next uh months I'll
- 00:52:05be super quick one hey the public uh
- 00:52:08pre-sale of our tokens will be live also
- 00:52:11on the 11th so you can register now go
- 00:52:13to la. network if you la network. if you
- 00:52:15want to contribute uh to the project two
- 00:52:19we're super excited about the Bitcoin
- 00:52:20possibility that we talked about so any
- 00:52:22Bitcoin Bitcoin developer uh in the talk
- 00:52:25uh reach out to to us because we have
- 00:52:27generous grants to make that happen and
- 00:52:30the third one yes and again a call to
- 00:52:32all developers on on P I think we are
- 00:52:35not considering enough the possibilities
- 00:52:37of the bridge that's being set the snow
- 00:52:40bridge that is being set between poot
- 00:52:41and ethereum uh we think about it a lot
- 00:52:44in terms of oh yeah we can bring uh if
- 00:52:47back you know not back but to padot for
- 00:52:49the first time in a secure way and
- 00:52:50you'll get all the all liquidity here
- 00:52:53but hey there's much more we can do uh
- 00:52:55we have the root of all the state on
- 00:52:58ethereum and Hance all the state of all
- 00:53:01the layer twos and layer threes on
- 00:53:03ethereum and vice versa at Le at least
- 00:53:05when the bridge works both sides they
- 00:53:08have everything that we're doing
- 00:53:09available on ethereum as well including
- 00:53:12killed uh identity for example people
- 00:53:14registering killed or you know executing
- 00:53:16things that can prove in just one single
- 00:53:18transaction without actually having to
- 00:53:19move from killed to ethereum that they
- 00:53:22actually have passed whatever kyc uh in
- 00:53:25killed things like this are you know are
- 00:53:28enabling use cases that maybe we are not
- 00:53:30thinking hard enough that are going to
- 00:53:31be enabled over the next few
- 00:53:34months yeah fantastic point I mean
- 00:53:37there's a lot so much happening um that
- 00:53:39maybe there's not enough time to think
- 00:53:41about all those things but you you're
- 00:53:42completely right it's important that we
- 00:53:44take all of this into consideration and
- 00:53:45I'm sure there'll be a lot more
- 00:53:46developers who be um to work in this
- 00:53:49though thank you so much for this ton
- 00:53:51super exciting um so Francisco any
- 00:53:54closing remarks from you and where can
- 00:53:56the list find you and connect with you
- 00:53:59um yeah first of all thanks a lot for
- 00:54:01having me it's always a pleasure to
- 00:54:02participate in these events um I think
- 00:54:05yeah the things that I'm looking forward
- 00:54:07to in 2024 is obviously the launch of
- 00:54:09tansy so we're going to be launching the
- 00:54:11protocol this year so that should that
- 00:54:13that's exciting and if anybody's curious
- 00:54:15to follow us you can yeah I think
- 00:54:16Twitter's a good place so tansy Network
- 00:54:18and you can kind of stay up to date with
- 00:54:20everything that's happening but yeah
- 00:54:21thanks again for having me today it was
- 00:54:23a pleasure fantastic are you going to
- 00:54:26give it the coded as well I was going to
- 00:54:28but unfortunately had to cancel the trip
- 00:54:30uh but there's going to be many people
- 00:54:32from our team there uh so if anybody's
- 00:54:33curious they could they can catch up I
- 00:54:35think we're gonna have a booth as well
- 00:54:36yeah fantastic great thank you so much
- 00:54:39for Francisco josa any closing remarks
- 00:54:42and how can people connect with you uh
- 00:54:45yeah so um some of the closing remarks
- 00:54:47like over the last half of the year
- 00:54:49we're going to have a few hackathons
- 00:54:50that we're running so I'm really excited
- 00:54:52about that seeing like what developers
- 00:54:54built but also getting that development
- 00:54:56uh developer feedback and kind of like
- 00:54:58reiterating and seeing where we can
- 00:54:59improve so I'm I'm really excited about
- 00:55:01that and along with like building more
- 00:55:04in what I would say is like intelligent
- 00:55:06interfaces to web three services so
- 00:55:08being able to leverage these AI agent
- 00:55:10contracts to to build something uh that
- 00:55:13makes understanding web 3 a lot easier
- 00:55:16and easier to interact with and build
- 00:55:19applications with so that that's these
- 00:55:20are some of the uh uh things I'm most
- 00:55:23excited about uh also be at uh decoded
- 00:55:26and in Brussels from I I'll be there a
- 00:55:29long time so uh if anybody wants to uh
- 00:55:31reach out to me it's warlock uh for
- 00:55:35pretty much everything and then also uh
- 00:55:37make sure to follow the latest news at
- 00:55:39follow Network and uh join our Discord
- 00:55:42if you would like as well and uh yeah
- 00:55:44I'm happy to talk with anybody and see
- 00:55:46people at the event as well so it's very
- 00:55:48nice to be here and thank you for
- 00:55:50inviting me thank you so much to
- 00:55:52everybody for making such insightful and
- 00:55:55really valuable contribution I'm sure
- 00:55:56all the listeners learned so much and
- 00:55:58being now very inspired and those
- 00:56:00developers out there were just jumping
- 00:56:02and starting thinking about how they can
- 00:56:04contribute to all these user cases so
- 00:56:06thank you so much for sharing your
- 00:56:07insights and also inspiring all of us um
- 00:56:11going forward and we look forward what's
- 00:56:13going to be the developments for all of
- 00:56:15you for the end of the year and maybe
- 00:56:16we'll reconvene back in a few months and
- 00:56:19see what has happen um so we'll be
- 00:56:21really glad to see you back again thank
- 00:56:23you so very much and any of the
- 00:56:25listeners if you have any more question
- 00:56:26questions please drop in the comments
- 00:56:27and we'll try to answer them inviting
- 00:56:29have a great day everybody take care bye
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