Web3 is more than just a new internet foundational layer. Web3 may be the pathway to cutting the middleman out of the internet, data, and information exchange itself. The internet could become a place that is run by the collective, using digital tokens as its currency. In this episode of Diving into Crypto, OrcaDAO team joins us to discuss the progression of Web3, and the changes that we can expect in the laws and regulations governing the internet as it evolves.
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Community Shaping the Web 3 Future - OrcaDAO
00:24
JP
Ladies and gentlemen welcome welcome welcome once again to our next episode of Diving Into Crypto. This is JP from AdLunam, Inc. speaking about Web3. Today's episode is going to be extremely exciting. It's the first time we're doing a panel. We have a fantastic group called the OrcaDAO. For those of you who don't know them, you will very soon. Before we begin, I'd just like to let everybody know that the views expressed on this channel belong to those of the speaker and any information shared is meant for education purposes primarily. All right, that being said, Alucard and team OrcaDAO, welcome to this episode of Diving Into Crypto.
01:07
Alucard
Thank you so much, Jervis. Lovely to be here. Hi, everybody.
01:12
JP
Hey hey, for those of you that are speakers, you can easily unmute and pipe in anytime with answers to the questions or just give a shout out to everybody. For everybody else in the room, please remember that there are like buttons on the bottom which you can use to express yourself. Even though you can't speak at this point so i know i. For everybody else in the room, please remember that there are, like, buttons at the bottom which you can use to express yourself, even though you can't speak at this point, so I know I.
01:36
JP
can hear you on the other side.
01:37
JP
Giving team OrcaDAO a loud round of applause as we get started with this particular program. Okay, so, Alucard, since I have you up front, let's get this show on the road.
01:49
JP
What do you say?
01:51
Alucard
Let's do it. Excited. Thank you.
01:54
JP
Okay. All right, so, Alucard, here's a question.
01:57
JP
Right, that everybody, I'm certain everybody wants to know, is the origin story. And I believe that origin stories belong very personally to each person that is part of this entire cryptoverse, right. So what was it for you that drew you into this entire Web3 space?
02:20
Alucard
So I think personally, it's the people that are in the space, and I think that the base story, even our OrcaDAO formed, is because of having that common goal and common understanding of what we wanted to achieve in the space. As you go along, you meet people every day. I'm sure the team at Adlunam can say the same. And in fact, chatting to Nadja from last year is an example as well. Right. Personally, myself, I'm from South Africa, and she is as well. We had that commonality right. Finding people in the space that are from all different parts of the world that are investing, building, is amazing. That's why I, myself and also the team is excited to build on the space. What we're trying to bring in terms of an entry point for retail investors is something that we're excited about.
03:24
JP
Right, exactly. That's obviously a fantastic way to start. There is always something that draws you to it, and thanks for sharing that. This is people, because good teams are really hard to find and people with the same mind, just like your DP indicates, are even harder to connect with across the space.
03:46
Alucard
Right, I Absolutely agree. Yes, exactly.
03:51
JP
Okay. With this entire revolution where it comes to you to Web3, right. What does it do for you in terms of putting that in motion? You did say that you are looking to help out retail investors, but beyond that, is there something more that drives you into this Web3 space? What excites you about it?
04:13
Alucard
I think the exciting bit is through that. I think in a nutshell, what we're trying to do is provide investors an opportunity to invest in private rounds that people just see in articles. Right. So allowing people to do that in the same breath, we support in our way, projects that are building in the space because you have great ideas that want to be manifested into actual working products, but people are not really connected to the people that can help them achieve that. Right. Be it blockchain developers, marketers funding. So all of that we try and put together and connect to assist teams to achieve or realize their goals in Web3.
05:10
JP
Okay, so it is for you, it is bringing the entire ecosystem together, one that's able to not just connect people, but connect all these stakeholders together. Is that right?
05:21
Alucard
That's correct, yes.
05:25
JP
Okay. Right. When it comes to DAOs, when it comes to a DAO in the self, why did we choose this particular model as the one that you wanted to start with?
05:42
Alucard
So the model that we have, so currently we're building towards an NFT based access DAO. Just a bit of background, we are developing our NFT, and I think Nate will provide more detail as you go into the poll. But at the end of the day, the access to our DAO will be through owning our own NFT, which is being developed by Marco Turini, who's done work for or cartoon artwork for Marvel and DC Comics. And we'll be using that as access to our DAO. That will give you access to the private sales that we'll be hosting on our Discord. So currently we're showing the proof of the use, case or utility of our NFT, even without the NFT being out yet in that people can participate in our private sales that we host. Right. In fact, we've already closed a pretty good project that we think because we're quite bullish on the Algorand ecosystem.
06:50
Alucard
So we provided the opportunity for our DAO members to invest in a project called Goracle, which is an Oracle project on Algorand. And we all know with the recent announcements of FIFA's collaboration with Algorand, we're quite bullish on the Algorand ecosystem. We provided that opportunity to our investors to invest in that project.
07:12
JP
Well, I like the connection. It started out for you with people, and then now it's coming to stakeholders as a whole, and then you're beginning to find these certain unique opportunities within the space.
07:26
Alucard
That's correct. It's about providing opportunities for people that you'll never really have. Right. People normally realize much later down the line that the price of a project is already sky high, but we provide that early investment opportunity with vesting rounds, the same like how VCs get to invest in these rounds. We provide that opportunity for investors to partake in these project deals.
07:53
JP
Right, okay. In that case, it almost seems certain that in many ways there is an influence towards trade and commerce, for example, worldwide, right. In these manners of transactions. Right. What are your thoughts on that and how can that aspect be expanded from your perspective?
08:17
Alucard
Can you just repeat that in terms of trading? Sorry, just repeat that. I just want to catch the gist of it. Sorry.
08:23
JP
Sure. In terms of these transactions that happen in the manner that they do right. You can clearly see that it's in some way getting into the trade and commerce space worldwide. Right. Where do you see that expanding.
08:43
Alucard
In terms of Web3 and trade and commerce? I just want to just understand the question.
08:48
JP
Yes.
08:50
Alucard
Yeah. In terms of trade and commerce and use of DeFi, right. There's a lot of models that are currently being tested and we saw that with LUNA, for example. So there's a lot of models that are being tested in terms of especially around commerce and bringing traditional finance models into Web3 and moving I mean, we saw that with moving towards something that's normally institutionally backed to more an algorithmically backed stable coin. Right. There's a lot of models that are being tested and stress tested and I think it's just trying to find that holy grail. Right. We've got a lot of models, a lot of people that are building and testing their models, and that itself shows that we're still early. Right. We are happy to be part of that. In fact, we're looking at a couple of DeFi projects. So those that are in the commerce space, that we can provide our investors an opportunity to invest in those rounds as well if they believe in the concept. Right.
09:52
Alucard
So, yeah, we're quite excited about it.
09:54
JP
Yeah. In many ways, the financial world has also picked up in exactly the same way. It was a trial and error method of trying to find out how certain financial models work. And this one in what we're trying to do is exactly like you mentioned in terms of LUNA was another experiment in that particular zone. Speaking about, of course, about this aspect, trade, commerce, movement, financial structuring, it all seems to be making in many ways things so much better, right. In the Web3 space. How do you see this impacting? Or rather, what are your thoughts on this impacting, your standard of living and your interaction with Web3? So, in other words, what we do today on a regular basis. How is that being impacted with Web3?
10:51
Alucard
I think from an access point of view, I think we will be able to own, I mean, a classic example is what happened at Coachella, right? Now you can own an NFT that can give you access to all of these events. So I think the use case and utility of NFTs will go beyond than just being part of a DAO. I think it'll be extended to a lot more use cases and bringing DeFi with staking these NFTs is something that we actually going to be doing is all part of it is linking these different protocols, linking these different things like NFT, tokens, linking all of that so you can stake an NFT whilst earning another token. All of these are being stress tested at the moment. At the end of the day, it will be those models that will stand the test of time in also making people's lives easier as well.
11:44
Alucard
Right. I think payment solutions will be a lot more easier. You could probably use your own Algo wallets, for example. I think there's even talk now with the announcements of Algorand and FIFA. Right? There's talk that even the FIFA teams, that the electronic art, sports games, they'll be able to be using NFTs to buy these football characters. Right. Use cases are just endless, right. For a normal user.
12:16
JP
Certainly. Okay, that is certainly one creative aspect. Are there any more that come to your mind from your perspective that you see?
12:27
Alucard
I think an application to what we're doing will be around the use case of our NFT. That's pretty much why I'm going at length with that. Because just owning an NFT just for appreciating or owning a piece of art is not the case anymore. It's about providing all sorts of utility around that NFT and I think I'll stand by that. Right, so the use cases are endless in terms of tokens, in terms of DeFi commerce. I think to stick with the topic at points, right. In terms of what we're trying to do will be around NFT use cases and providing access to certain events. All of that is something that we're looking to do with our Algorand ordinance.
13:16
JP
Okay, okay. sorry, lost you there for a second. Yeah, I'm back. Right, okay, so we are looking at of course, use cases, ladies and gentlemen, those that are there, please remember that you have a button that shows your reactions to what's happening. We want to see those purple hearts bouncing about as we're sharing a lot of thoughts with Alucard over here and the rest of team OrcaDAO coming up as well. Right, so we've looked at how we jumped into the Web3 space. We've looked at connecting dots with various people. We've looked at of course, trade and commerce being impacted in the Web3 space. Certainly the use of NFTs and certain DeFi models, right. This leading us on to the fact that you have someone like OrcaDAO that's pushing this agenda, and that's certainly something that the rest of us can appreciate and, of course, try to adopt, right.
14:29
JP
Learn from and learn from in so many ways. So, Alucard, since you're the main guy pursuing this conversation, what do you see from this point of time? The next stage of evolution where NFTs are concerned? Right. So just like a Bored Ape Yacht Club, or Zuki, you have your character that has a portability into the metaverse. We're looking to find not just more use cases, but I'm certain we're just scratching the surface. So if NFTs were unlocked the way that they should be, what do you see them doing?
15:03
Alucard
That's a very good question. I'm just checking in to see if Nate can respond, because Nate is actually our head of NFT.
15:14
Nate
Yeah, no worries. I can jump in. So I'm Nate at OrcaDAO. I'm the co-founder, head of business operations, branding, and NFT. And to answer your question, Jervis, I think that the NFT phase started as more of a collectability, right? So you have your collectability, you have your artwork, your PFP NFT evolved into more of a use case based utility NFT. So I see the future state of NFT essentially evolving into or maturing right into higher impact, community based NFTs, where the use cases are plugged into DeFi. For example, one of our strategic partners has a protocol where the NFT, once it's been deposited in, will essentially provide a sense of passive income and returns in addition to the collectability artwork of the NFT, because our NFT is going to be based on a character. So just like a Bored Ape Yacht Club, or Zuki, you have your character that has a portability into the metaverse.
16:38
Nate
So now you have playability as well, where you can go into a metaverse store, buy a T-shirt in the store, and then get it shipped to your home. That's also another strategic partner that we're working with as well, will help us port our character into said metaverse. You have your collectibility, your portability, your investability, and then your access, the brand access, the access is to the private sales. So that is essentially will always remain our core because we're researchers at heart and we're researchers in the space for the last four or five years, and we just want to provide that access, that exclusive access to our members who essentially become Orcanauts and give them the same ability that all the large VCs have as well. So I think it is kind of an Alice in Wonderland moment right now, today, right. We all have witnessed the falling down into the hole, and everyone's looking around, and they can't identify anything as reality.
17:48
Nate
I think, like, a day like today, I just want to throw a quote out there for listeners is life isn't about waiting for the storm to pass. It's about learning how to dance in the rain. We have to think about those type of things when we're applying our minds and brains to the future state of crypto. It's more about, in my opinion, as far as how OrcaDAO will apply the quality on our NFT. It's about reshaping and transforming the way we build. The experiment that we saw fail these last few days is something that we have to learn. Take it as a learning experience on how not to repeat those same mistakes. And I think essentially, if you can band your community together, right, and that's what AdLunam is doing at the core, what AdLunam is doing is you're providing your community, the soundboard and the engagement to not allow those things to happen.
18:59
Nate
For us as a community to talk together about safety precautions and measures that need to be applied for investments moving forward in this space. Those three pillars that I wanted to kind of touch on in the beginning of the conversation, for me, what brought me into the space is number one is the people. I consider myself as someone in the human capital business. I think that sometimes people tend to forget about the most valuable asset in this world is the people. And second is the tech stack. You always have to make sure you're doing your due diligence as an investor, as a person coming into the space because a lot of people aren't very educated. I think that there needs to be an accountability on every project to have an educational stack built onto every website that they are showcasing to new community members coming along the way.
20:04
Nate
The third pillar, I believe, is just value overall, right? Essentially, we all want a piece of the chain and we all want to own that technical real estate. So those are my three pillars. Great question and thanks again for having us. Also, Red Oak is a listener here, he's our advisor. If you could make him a speaker, that would be great. He may want to chime in as well.
20:31
JP
Sure. Rebeca can we have Red Oak also be sent an invitation please, while we continue that conversation with Nate. Nate, you've offered some very interesting points in terms of the research, the human capital aspect, the pillars that got you into Web3. If Red Oak is already a speaker, if you can accept the invitation, maybe we can get to hear from you as well what got you into Web3? Well, okay, it looks like it's going to take a minute, so in the meantime, just until he can come on board. Nate, another question I wanted to ask you because I found it interesting when you talk about it from an aspect of the human capital, right. In terms of the human capital, are we at this point of time, is Web3 going to get us closer together or is it in some way going to distance us just a little more the same way that the web does in its own manner.
21:34
JP
What do you think?
21:36
Nate
Well, that's kind of a philosophical question when I think about those things. Because you have in the real world, right, all the real estate has been purchased up. It's the whole great reset type of mentality out there where you'll own nothing, you'll be happy, blah, blah. Right. I believe that Web3 kind of shifts away from that and it's almost like we can go rogue and say, no, we can own whatever we want, we can build whatever we want and we're going to be happy with it. And so again, it dives down into the core of the quality of what Web3 can bring and we have a whole new generation of children that are going to be entering into a new world that's changing before our eyes and it gives them the opportunity to work with people all across the world. That's one of the hugest and biggest impacting factors is that it provides more unity for our next generation to build with each other.
22:46
Nate
They don't have to go to their local city to go sit in an office and work with people around them. Right. Diversity and also propping up women in the space. 82% of people in the space are men. It also provides women the voice and the ability to also divulge themselves into this new market, this emerging market and encircling back to the whole like the world is kind of already owned up and real estate is expensive and you have your ability to go in the metaverse and kind of feel like you're special, right? I mean, you can go in there and buy a big land plot next to Snoop Dogg and tell your friends about it. It's it gives you that excitement. Also considering just the overall global impact economy wise, everyone's going to may have to sit down for a while. We've got war going on and all that and gaming is a huge thing.
23:55
Nate
It's a good way to also communicate across the wire and also have the ability to expand on that space where people can connect, playing games, make a living off of it. They don't have to go to their corporate jobs, but it's all about that frictionless aspect too. Again, people have to be educated on what they're getting into and it has to be the right projects that are bringing the right product to the forefront. People aren't getting burned by bad investments either.
24:31
JP
Fair enough. I think that encompasses a whole lot of avenues and perspectives that we can consider about drawing people together more. Like minded. Geography doesn't become an issue anymore. You get to interact with people from various cultures and a lot quicker than if you had to travel to those places. We wanted to apply it to where the global adoption was more mature, apply more educational awareness to that aspect of investing quality over quantity, and just provide more confidence for investors entering the space that are essentially witnessing these things going on that are on part of Mt. Gox. And we've spoken about what it is that the NFTs have the potential to do what Web3 can connect us on. Of course, we did tangentially go a little philosophical in the aspect of the connection. So I'm still kind of interested to understand why choose the model of a DAO as opposed to a different sort of entity being created, since we have Nate's perspective in as well.
25:30
Alucard
Do you want to take that, Nate?
25:34
Nate
Okay, so you're asking why we started a DAO versus anything else?
25:39
JP
Yes.
25:41
Nate
Well, we come from that space, so we just applied our experience to a DVC DAO because essentially we wanted to make sure we're providing triple A project and service quality control. Right. I'm pretty much at the point where it's like, the buck stops here. The last few years, we had other DVCs in the space, essentially our competitors, where you have about ten other DVCs where they're essentially providing project, like a project factory. Right. It gets to a point where it's almost an irresponsibility. As someone who is a researcher and an alpha hunter, myself and Alucard himself as well, we decided that we just wanted to apply quality control on the DVC aspect. The NFT came further after the foundation of us creating essentially the idea that was already there, but we wanted to just make it more improved. We wanted to apply it to where the global adoption was more mature, apply more educational awareness to that aspect of investing quality over quantity, and just provide more confidence for investors entering the space that are essentially witnessing these things going on that are on part of Mount Gox.
27:24
Nate
Right. At this point, the trigger figure on the investor is even going to be more tight. I think that we just essentially want to provide a safer route for investors that want that opportunity to get into the right projects at the right time. Will we always be correct? No. No one's perfect. No one can always make the right call. We're just going to be a gateway for people to invest at a very early stage at an expensive rate, inexpensive rate. Our NFT isn't going to cost you thousands of dollars. It's a three tiered system, and it became more and more interesting as we began building our Ethos and our fundamentals and foundation along the way of where we felt that the DVC space was an empowerment amongst crypto users in the space.
28:32
JP
Okay. And Alucard, do you want to add something into that mix before we expand on that?
28:43
Alucard
I think Nate has covered it quite well. Thanks. I think we can move deeper into it, Jervis. Thank you.
28:50
JP
Okay, fantastic. That being said, I want to add to something that you shared earlier, Nate, when you spoke about how we have to kind of create awareness. Right. We look at that as an aspect. We obviously want crypto adoption to be crypto to eat the world, right, as we say. What are your thoughts of if we had to approach somebody in one of the far reaches of the planet, right? We kind of reached everywhere, but let's just take randomly a space where we don't hear a lot of investors come out of there. Papua New Guinea, for example. I'm just spitballing here with something just out of the top of my head, right? A location like that and we get them to adopt crypto. What would your approach be? How would you approach that? They can have this access, this benefits if they adopted it, what would you say?
29:59
Nate
That's a good question. I think that I think that's a tough one because you're essentially bringing in you're bringing them into a place full of adventure and new vision, right? It's very difficult for people to adapt to change, as we all know, and change takes decades. The maturity part is very difficult because I feel like we're still in the experimental phase, even being however many years we're into the space, right? 15 plus, whatever. If I were to talk to someone that was very new across the planet, I would essentially want to lead them directly into the educational route first. Even, for example, where I'm from, there isn't much education to children about essentially just knowing how to control their finances on a general level, whether it's credit or how much they should spend on candy, whatever. They have no idea what blockchain technology is. I think pushing the narrative again on the educational stack, if I were to have that conversation with them, why it's important, it would be the things that I would touch on is the education and the generational wealth transfer.
31:39
Nate
I mean, it's so lopsided that you've got to figure out who the community leaders are in these different sectors of the world and they have to adopt it, and then their people have to listen to what they're saying. That education has to start at the leaders there. I would never want to lead someone blindly down the road, but it's also continuing that narrative of self education. I feel like at this point, we've got to start again, holding the accountability on the projects, educating the people that they're tending to. It's kind of a murky answer, right? Again, it leads down to this is an opportunity for generational wealth transfer. This is an opportunity to be a part of a shifting aspect of the world that will change in the next eight years, and the opportunities are endless for your future generations. That's where I would go with it.
32:56
JP
Okay, thank you for that Nate. Alucard, how would you approach the same thing. Alucard, you've got to unmute if you're saying something.
33:09
Alucard
Yeah, sorry. Yes, I agree with what Nate is saying, in terms of connection, in terms of how experimental the space is, I think it's hit the nail right on the head there. Thanks.
33:25
JP
Okay. All right. We've seen exactly firsthand what an approach would be to get somebody that's completely into completely new into a Web3 space. The approach that a team OrcaDAO would use to expose them to all the things that we kind of take for granted being in the Web3 space ourselves. Right, okay. So that being said, ladies and gentlemen, I think it's time that we open up to some Q&A from the audience. And you would like to ask team OrcaDAO question based on the conversation that we had about connecting people, being a DAO, reaching out to stakeholders and all of that and the questions that you might have, send in a request. Just put in a request at the button putting a request, and our team will pick that one up. In the meantime, before we begin, that coming up. Okay, I see John Stone has put in a request.
34:27
JP
John, go ahead.
34:28
John Stone
Hi, Jervis. I hope you guys are all well. It's a pretty intense discussion, to be very honest. I have a couple of questions for the team. So I understand that you guys want to bring DAO to the people who are your NFT holders. Right. So somebody will have to buy your NFT first, and then they will get access to your DAO. I also understand that NFT, they have a lot of scope in the future as well. For the past, like you mentioned, in the coming eight years maybe, we'll have multiple numerous use cases there. What I'm trying to understand here is how do you plan to sustain the project in the short term here? Why do I ask this question is, we see a lot of projects going, rug pulled and a lot of scams coming into NFT, right. So recently, NFT have been earning a lot of bad name there and launching it as the excess of the project through NFTs I think, might prove counterproductive there.
35:28
John Stone
I would like to hear your views there.
35:34
Alucard
Yeah, I can take, that's a very good question, John. There's a lot of scams going on, and I'm sure if you follow Twitter, there's quite a lot of people that get baited into these scams without the promises that some of these projects want to bring. But for OrcaDAO, what we're doing right as we speak is that we are providing that utility for people currently right now, even though our NFT is not out yet. Right now you can come along and join our Discord. You can just check out our Twitter account. Our discord is linked there. You can join our community right now and participate in private deals right now. We're providing that utility even before our NFT gets released. Once we get to that phase, because we don't want to. Just release an NFT tomorrow. We're taking the time, and we've taken the time to source pretty much a well known artist in the space to develop the art for our NFT, for our three tiered system.
36:44
Alucard
Once that NFT is ready, then only we'll launch it. And then by then, we've already closed a number of deals in the space, and by then, we'll allow holders of our NFT to then proceed to partake in the high quality deals that we will be providing. Thank you.
37:04
John Stone
So there won't be any access to people who don't want to own your NFTs, for example, maybe some extra.
37:11
Alucard
Yeah. That's pretty much how the model needs to work, because at the core of it, we are focusing on two main concepts, which is the proof of engagement and proof of commitments, concepts that we have so that we can actually provide value to the projects that we provide. We are aiming to build a platform with a scoring system based on chain data to ensure that those that are holding the project tokens that we are offering, will get incentivized. So the model is that through our NFT sales, we'll be using that to develop that model. That's our roadmap, and we can discuss that as well, and it'll be on our site as well. So through our NFT model and through that revenue model, we are looking to develop that platform, which in turn will benefit the projects that we will be hosting in our DAO.
38:09
JP
Okay. Thank you, Alucard. I think that does kind of answer the question on that front. I have one more question that's coming from okay, I can't really read up the names, set of numbers, but Jason, did you have a question that you want to refer to team OrcaDAO. Jason, you'll have to unmute if you are going in that.
38:32
Jason
Yeah, I'm curious what you guys thoughts on LUNA and the current market conditions, just in terms of the bloodbath we're seeing, do you think it's more cyclical or do you think this is more in line with environmental factors that are happening in the world today?
38:52
Red Oak
Is my mic working? If so, I can answer that one Alucard.
38:56
Alucard
Yeah, go for it.
38:58
Red Oak
All right, thank you. So our other co founder couldn't join us today, Zee. But a while back, me and him made a bet, and I told him that LUNA would fail. I think Terra LUNA is a good example of a lot of things gone bad. I'm a big farmer. I love searching for APYs and farming. And a lot of the projects in those algo stables have always kind of failed. Terra LUNA is kind of one of the biggest examples, successful one. As you can see now, it's also failed. It's a big example why no system, either in the Web3 world or in the traditional finance world, is safe from a bank run. There's just never enough money to protect a system if everyone wants to pull out at one time. On top of that, one thing, I recently liquidated, let's say the vast majority of my port, because I started seeing news articles of food shortages throughout the United States.
39:44
Red Oak
I don't know, I think it's almost foolish to be investing in, let's say, like Meme coins or even top 100 projects when there's literally food shortages in a first world country. It's a combination of a lot of things. It's hubris, for one, with Do Kwon, with how he put $1.4 billion in the BTC in order to protect the pegs. It didn't work. Everyone believing algo stable wouldn't have failed during a bank run, during a market crash. On top of that, you said that all the environmental things there's currently a war going on in Europe that has been threatened to turn nuclear numerous times. These are times where I think we have to be savvy or for money, do research. That's why I'm glad to work at Orca, because what's something we do is we provide communities of great projects, we're doing heavy amounts of research, everything we go into, because we don't want to provide anyone for project that's not going to live by the time you get your tokens.
40:30
Red Oak
We want you to be part of it. We want you to be part of our community, their community, and really understand what it is you're investing in. Because if not, you invest in a thing like Terra LUNA, which is an algo stable, and everyone on Twitter for the last, I don't know how many months, was talking about it's going to fail. And unfortunately, they're right. So things like that are just it's important to really really know what it is you're investing in. And I think if we're able to provide that as a DAO and his team, we're going to really be in the forefront of a lot of things.
40:59
Jason
Yeah, I mean, I wonder what the overall ripple effect on the market is because this is like a top 10, this is a top 10 coin. Not just some idea somewhere that launched, nobody's ever heard of. I'm just curious how that will play out. But yeah, one of the reasons where AdLunam is partnered with OrcaDAO out in the first place is because, y'know, we see a similar trajectory for our mission in terms of sort of helping people that maybe don't know very much about cryptocurrency to not make incredibly terrible decisions in the lease. And to some extent, a launch pad does provide that vetting, the vetting that normally a centralized exchange might do, but in the case of a company that's doing this idea so there's definitely a philosophical parallel there. But yeah, Jervis, would you like to take on the next question?
41:59
JP
Yeah, exactly. We're getting some great insights, some great answers that are coming in, looking to see if there's anyone else that wants to ask a question before we summarize this show.
42:21
Lawrence Hudson
Yeah, I didn't really have a question, just a little comment on the market. So it's kind of weird. It's like if you relate it to the Nasdaq or the S&P 500, the Nasdaq is down 26%. There's some kind of correlation there to the markets and to the overall. I'm kind of commenting back to Jason's question. It seems like there's an overall ride, but Crypto rides it different, right? It rides it in a lot bigger dips and highs. So have faith.
43:04
JP
Yes, we'll hold on, right? Okay, all right, so, ladies and gentlemen, once again, thank you so much. Thank you for hanging out with us. Nate, absolutely fantastic listening to your ideas. Alucard, thank you for agreeing to do this show. Red Oak, thank you for joining in as well today. We should continue more conversations in the future. Ladies and gentlemen, thank you once again for joining us on Diving Into Crypto. This has been JP speaking from AdLunam, Inc. Talking about Web3. See you again at the same time next week on our new show Diving Into Crypto. Cheers.
43:47
Nate
Cheers. Thank you.
43:53
JP
Bye bye. Bye everyone.