 So a lot of friction gets added, which actually goes on to the consumer. So let's say Anavi, this is not there, why? Because Anavi is what the way in which this design is basically demand and supply. What is demand and supply to make the design very simply. If I need something right now very desperately and that thing is not available in the abundance. So it will attract a higher rate of investment or a higher interest. If that thing is available in the abundance, what will happen is it will be at lower rate. So that will be your interest rate fluctuate and in banks expect 3 months, every 3 months or 9 months, if they have to at least invest, they will do it 100%. But if they have to reduce that interest after 612 months, you have to go and apply to them. Say if interest rate has a valid thing, please adjust my interest rate. That is a problem, that is the biggest problem of it. A lot of costs. So everywhere the consumer has to suffer. To defy all these things are not actually on the suffering side. Once I understand that you are in a type of world where you can very simply understand what is happening back in. But slowly it starts to happen now. And that is where I think if I can bring it to the real world and that is where the spiritual is going away. Which is going to improve the fact that you made a house. This is awesome, right? Everybody talks about how the real world is going to be. This is awesome, this is good. But I can also see in her eyes that you are going to be fine. I am going to take this big shot. And because I am last I am going to summarize. Think of every function that is done in the financial sector in the world. When the people and the employees of the core functioning of the bank is replaced by core. Which is hyper-transferred and unstoppable because it is on the blockchain. And it is amenable to community and community working in that sense. And now just take these three loans applied to loans, apply to payments, apply to derivatives, apply to exchanges, apply to whatever the financial sector does. And that put together this decentralized finance. And this does not include centralized exchanges like for the people that are just here. So just think of that point as, what if we see crypto is decent enough. And I actually make this kind of level of actually getting your house, you know, buying it using crypto and all of this. And we have often been elevated to God, protocol and everything. This is like the God I think would do, right? So also if you folks planning to buy houses in different in the future. Can we have a shout out? Please. So building on to what we just said, we are like, you can just like go ahead So I want to discuss something about credit score and all of these things that we maintain on centralized platforms. Then depending on your past performance, you actually then tend to let, you know, bad industries if you do not. And I don't think there's a concept like that in crypto. You don't have to understand if they like to bet on or something like that. So any comment on this, like what kind of people we are not discussing. People we are talking about in terms of collateral. If anyone can draw the collateral, they will make all the money. See, this is more of a bad thing and a good thing. Bad thing, why? Because today if you look at the credit score, you will see the way, how slow they are and the way they are. For example, let's say I was sent by the deodorant. So I just changed my job from Valkyrie to Bukka. I don't know what they were high on. So they put my first address of Bukka and they wrote the city as follows. So it never got delivered to me. So I called them up and they said, hey, I can find my credit card and like 500 rupees charge or something. Then it's a, it hasn't been delivered to Valkyrie. So not to be shocked. The point was, if they wanted a charge, I did not get a credit card. I did not get a credit card. I did not get a charge. Next thing what happens is my credit code takes a land because I was going to pay 500 rupees. So that is the one big problem out there where what happens is like the way the system works. Now, if I have to go and get it collected, I have to like call the IDs and then have a follow-up base. The effect it had was like I wanted to buy it. Yeah, I wanted to buy it desperately. So I had to pay like 40% off. So that goes around. When you look at this from a decent perspective, credit score is something that does not lead us into an experience you could actually go out into this. Why? Like we have been working on developing and not promoting quality. We have been trying to work out on a score system, which is what we call it a quality score, which is basically being worked upon on the basis where we want to go out and we want to create a rewarding system for those who are there for the ecosystem. Now, how it works is it is basically depending upon the amount of activity that your address does on the ecosystem. Through that equal, through that address that you do. Now, when you start doing all these things. So you start creating an education that okay, this address can do it, so I do the things, and we have been here for long. So it can be looked on as an activity. So that is like when a good partner comes in. We don't need a centralized one. But the problem with not having credit score is also that. So if you want to completely say that all the credit systems are a scam, they're not. So when you look at credit scores under collaboration, and so today one of the biggest problems that we have is everything is over-collectualized. When over-collectualization, you can have zero failure because everything is over-collectualized. But this really stops the way in which you can set the ecosystem to work. So now if you want to go for under-collectualization, these scores are important. So yeah, I mean say the good side is that with that three, you don't have a centralized agency or something like that, but you cannot eliminate it because of this. I think the connection between on-chain credit score is already there. At the other side, I have at least seen four or five companies that are doing some kind of being able to pass on on-chain activity to recognize somebody's credit score. And then the other side of it would be that you use that to provide other credit scores. It's just that this whole autonomous unstoppable bit of it is at its peak. Let's assume that at the end of time, this problem is on an electric car. This electric car has a smart car right in the back. And I missed that one statement. I need to take you to the hospital. And the car stops working because of this. Some of the things follow me. And I still don't know what the answer to it is. But it's so early right now that you're taking the loan by over-collateralizing your business. The only people who use it are people who want to make their money every day. It's just really early. As soon as the, you miss gas scheme. That was the audience side. So yeah, actually really early, let's get to undercollateralization. Before that let's probably get more efficient gas fees. And then I think credit scoring, punching credit scoring will become more hell. It's more than possible with the data that's given right now. I think it's more about even protocols now wanting to go undercollateralization as possible. Very fair. We can actually get a buzz out of that. Anyone here is ready for on-chain? Anyone? On-chain identity, anyone working on on-chain identity? Why is that? Okay, so I'll give you an example as to why I think this will technically happen. If anyone here has already put on-chain insurance, the wind complaint was name over. Right, because how will the appropriate event work, right? For today look at un-staged, on-brains, like says anyone, right? People ensuring smart contracts. So the whole way, a lot of these decentralized systems can work with financial incentives. Right, it's very simple, right? Asheria has, how many do they have? A million, 20 million? 10 million? 20 million? Let's go with 10 million, right? So it has 10 million money, right? And 3 people every year. Right, so it has 10 million money. So now, let's say he's part of a town that using his magic power, states on whether a loan should be approved or not. That's it. Simple enough, right? He's getting all the on-chain data related to this person, whether this partner's on-chain identity, behavior, wallet, behavior, video statement. Just like anyone, right? If that loan gets paid back, he gets an incentive in the form of yield. If that loan is a bad loan, turns out to be over 10, some part of his magic stick gets stashed. Well, this is how every insurance protocol works in the world right now. Right, same. There's a doubt you won't participate. If you want to go and participate in an exo-video, for example, you find a bunch of exo-stokes you put as a stake, and now you can start violating insurance. Right, if you think about that. If you do a good job, you get more in the moment, which you do a good job, you get stashed. So financial incentive, but what does this help, right? Where did this help? If anyone gets involved, you know, I don't have to ask you, can anyone buy some exo-stokes and start violating it? I mean, just go and start for it. That bit of it is very important, right? It helps you more and more and more decentralization. The protocol is managing billions of dollars in coverage, for example, and only billions of dollars in premium. More and more people will be excited to go and participate, right? So this kind of financial democracy will ensure that protocols like these will be able to succeed. With regards to now pulling it back to on-chain rates for it, I actually believe fully automated systems will not be the answer because there is always a different aspect to interact with. Maybe we get there from the exact problem that he stated, right? Already, the world has already stated. So I actually believe it can happen via financial democracy. We have organized incentives and incentivization for the approval system. So it exists to be able to behave in the right democratic way, right? So that I think is the future. And that is also a billion dollar protocol idea if you want to build, please give me 10% allocation for anybody who is doing the marketing market. Thank you. That's it. That was a great sign. By the way, I see an automated protocol. In order to do it, it's just there. In order to move forward. See, with actually an idea, it's impossible. So continuing on and off these lines, so we discussed financial incentivization. That's how we can make people work. And we have to keep the power of half the people because everything that makes, there was like, just you said, if not everything, it's only up to this government to do it. And it's all decentralized. It's a distributed community. It's not limited toward the vision of the people who are the market management. This is the idea. So for anyone here, if they want to get into DeFi, what are the things that they should know about? How do they get started with it? And why should we actually put them? I mean, there's so many myths around this. Like, you know, should I stay in Portugal? And they, should I, you know, I think they could do somewhere and they could. How can a normal person get started with it? And especially for you because you are in the government with your money. So how can a normal person get started with it? Okay. I think from beginning just become a consumer. Right? I imagine if you guys want to do DeFi, you're already in crypto. You hold a bunch of Bitcoin and ETH, polymatics on it, right? So to begin with, just start using. Go and trade on Unique. It's on Polygon. It costs nothing, right? So if you are trading anything, just go trade on Unique. See how their experience is. Get comfortable with it. What will happen is someday, one transaction will get stuck, right? Then you will go and learn what non-sense. Then you will go and learn how to look at a blog. Right? Then you will ask 10 people on Windows, like Discord or something. I am stuck here with that, right? A lot of people learn like this one, right? So I would say just go and start using. And your goal when you just start using something should not be financial incentive. I know all of us are working this far. A part of it is money, right? All of us want to make better decentralized money. Good for us, right? But just go and start using what they invent of learning. Right? If you use Aave and then find good use, get some Aave. Go to ETH scan, look up the verified smart contracts, read through the mood and see if something makes sense to you. Right? If you want to then also go to the building set. But I would just say go and use decentralized app because to begin with, there are a lot of fun to use. Right? There is a thrill in being able to do transactions without any more improving it. That's what I mean. And it will also give you a sense of how financial incentives work in these investments, right? Why does anyone lend to Aave? Why does anyone borrow from Aave? These questions will come to your mind. And once you start answering the question, you will know what takes to it. That is one. The second is, and the same thing applies to building also. When you're building your first one, two, three, five things, don't immediately think it's going to take you to the moon. Right? Most likely you will. Right? It used to in the ICO home, unfortunately, it's for all of us. But it doesn't anymore and it's good. There's a lot of sanity in the market. So try and build and you will learn a lot of things about building. Right? What's the problem? Anyone? You build a great protocol. No one is putting any money. Because you forgot to build community. Right? A big project and a lot of internet projects. Right? We have been the best base-studying protocol in the world. It feels the best, but no one is putting in anyone. You forgot to build community. So once you start building one, two, three projects, you will start learning what are the 360 degree facets of being able to build. A successful decentralized project. Right? That is one. And second is be a little decision-driven. Right? A lot of people have used these inputs. Be a missionary or a missionary. Right? And similarly, when you source capital also, try to source missionary capital. Capital that believes in the quality of the product. So they are not missionary capital. They use the moment they use that over. Right? So these will be my two major things to suggest. Use D5 for fun and start building an input for fun. Partner with other projects in the ecosystem. Like this is a room with 200, 300 people easily. Right? I'm not sure. But it looks fairly large. So see what someone else is building. Right? I'll give you an idea. Anyone here who is building metaverse. Right? So anyone who is building assets in the metaverse. Let's say you have 10 assets. And your community is large. 100 people want to use it. So now there are 10 assets. 100 people want to use it. So then what can we build on top of this? Can we build anything? Can we build anything? Can we build nationalization? So partner started with this. Right? This is how we start. Right? Talk a lot to the community. See what's working. And we don't cover each other. Create assets that people want to hold. And have fun doing it. Don't be in a race to build a moon protocol. Right? So this is how we start our creation. Build what users want. Talk to your community. Talk to your users. And you will get that. I can't add to that. So since this... Yeah. Since this band discussion has pivoted towards building. And finding, you know, co-founders building something cool. So I would like to hear from you. From the builders. And how exactly... What are the challenges that people are facing right now? Especially in India. I don't see a lot of people registering their company here. And how exactly can they navigate around it? What are the realities of all of these things? Yeah, man. I'm the best director of all of them. Okay. I'll go with what we just said. This is our day. We believe that traditionally in which we have a partner set. Some mentors, some classes. And then at the end of the day, we get to see some funds from our investment. Well, very well in there too. It works very well in there too. Okay. The way in which we're doing this is to figure out things out. What we need is a large community of people who have done this before. They don't want to get excited like them. That's basically what we're building. I don't want to use that keyword. But hopefully we will become highly functional, decentralized, autonomous organization someday. But I personally believe that we need to run this at option operation excellence first before we start hard coding this stuff and to cruise that down the avenue. So what that means is me and my team of seven people sit and talk to five startups and take a reading. And we analyze what we're building, what we're going on, hit the mark. Essentially, the incentive structure between the startups and this large private community that we have which is Sunday, which is next to January, so we're going to go there. So the value, even though I want to say that. And we match value add to what the company needs and then create an incentivization for each one. Basically, allocation and everything. And based on that, now a startup has an army that is working with them for their services. So that's the model that we're doing at this time. And it comes to problems that start up states, I think, I don't think there are very deep problems. Most of the companies that I I think that's not a big problem. That's not a big problem. I feel like we try to get a lot of media coverage. And nobody kind of goes problem, eventually customer, name to the product. Everyone's kind of building this product. And then I think it just never works. Mostly doesn't work. It's a problem. So that's one part of it. The second part of it is, I think, we are not very good at community on an average. Exceptions are obviously there. I think the reason, I mean, because it was the guys at the end of the day talking to people, organizing community leaders, literally going out there talking about the idea of life from the partners to the development of media. That is missing in founders. And I fully believe that the next huge companies that are going to be, and the community CEO, the community like founder, like the tech or the business founder is going to be there. So that's something that we don't do well yet. But we have examples of it. And finally, I mean, I don't know how many times you've seen, say, I start this thing with my friend. I used to look at a scholar. If the scholar is up, he's going to play well on that day. And if the scholar is not, then he's probably got a couple of things going on in his mind. And I feel like, I don't know what it is. It's an imposter syndrome, which might go from the same way. Whether it's imposter syndrome, whether it is, oh, I'm not good enough. I don't think I can make it set out, which our parents and the vision system are going to come under the job of putting into that. I don't know, I feel like that's got to change. I don't think we are any less than any builders, many part. And if the problem is right, that solution is there again? Oh, my stop at anything. But here's what we do well. We are amazing, I think. We are really, really good at that. What takes a lot of people to the best? No, I'm a sad person. Seventeen-year-old guy comes up the other day saying, what is this multi-safety? Multi-safety, multi-safety, which has a UI on Discord. And you get extra contacts by basically writing lines on it. And choose to put it in and define what is the reason. What's in this one? I was like, how old are you? Sixteen. What was I doing at sixteen? And that's pretty awesome. I think we get it at three. And the second thing is that we understand community. I feel like all of us have grown up in community. And I think we're being part of the best. Maybe not the best community organizer, but we're being part of the best. I feel that's pretty awesome. And to God, that's amazing when you're starting up. Not so great at this thing. So I think those are the three-to-three problems. One, we have three problems. We are waiting for very few solutions for very few problems. And I think community, you don't know the thing. It's not meant to be owned by you. It's meant to be owned by the community. How would it look like with that approach? Right? And it's very hard for a founder. A founder from IP, IP. I'm going to make this video, right? And how do you let that go? It's hard. I don't think it is. I'm going to start from there to how the product itself works. This space was going to be different. Let's not do the things that worked. That we were trying to change in the first place. So more focus on what are going to be made on something like this. And I try to do that in my job and being able to work with founders to solve some of the problems. The existing company. I can actually add a point beyond everything that was already mentioned. That you guys should all do more. Right? Let's go and talk to people. Right? Just PM maya on Twitter. This is literally a positive something. The worst thing that can happen is that you get hosted. Right? I have hosted people. But project, reach out to them. I had the exact same problem when I was younger. Okay. Like 21, 22. That was fun. But I only... But just a lot of nodes open in life and just reach out to people. So if you're doing something interesting and you see... It doesn't have to be authentically interesting. You think it's interesting. Shout it from the rooftops. Tell everyone, no one is feeling your idea. I have this picture every time they go on concert. Your idea is stupid. All of our ideas are stupid. Right? Some of them work out at which point we become business. Right? But tell them it's stupid. So assume that your idea is stupid. But you want to do it regardless. Tell everyone about it. And someone who want to invest. Someone who want to partner. Someone who just be a supporter and someone who can be a PR because of writing. It's a good idea. Very bad. Right? But just reach out to people a lot more. The point when I write a beauty community is that and I call it this. We end up winning the vacuum. You win in isolation. You don't even know the users want you. You don't even know the project partner. You don't know that. From the day you started writing to people what is your beauty. Launch it on Testnet and spam your friends 100 times a day till they use it and tell you what they like or dislike or what they like. Right? But do that. It's the same thing. Call a local guy. Call a guy. Call a guy. Right? No way to tell them. Testnet for guys will be here. Same on this day. Be a little bit pushy with this. In the way you are reaching out to people. I was in the Dubai conference last week. And there were a bunch of talks that were happening. And I was noticing that everyone else was going to speak to people. The Indian girls used to first fuddle in a sector to decide what they will say to the person. And then they go as a flock to say I'm not individuals. As a group to say I don't do that. Just go and say I was the worst that can happen. The person will not like you. Not everyone in the world will like you. But just go and talk a little bit more. Just reach out to Twitter, Instagram, Facebook whatever it is. I don't know. Reach out wherever you can. And talk to people a lot more. Be a little bit shabless about it. It's fine. I think the one question that comes 90% of everyone are just on manga. They say I'm building this, this, this and it does three things. And then they ask for it. And most of the time that's when I cut it down. I don't know. I don't know. Which is changing. It's really changing. And I also think it's a lot because not all the way that some of us have done things before. And now I know. And it's so great. So I don't know. They're too nice. They're too beautiful. They're beautiful. They're beautiful. They're beautiful. They're beautiful. So what's happening is a lot of people that I used to look up to. And now I take it upon to personally go out to them and say thank you for coming here. Please share your knowledge with everybody here. There's a lot of traditional between attitudes. Somebody can hire me. Be there. Apply for a really long time and make a big difference. So those values are it's changing. It's a lot of work. You asked me negative. So I guess what you're trying to say is that we should adopt the foundation that would be more shameless around things. And just like whenever as you said it's Indian policy have to be more expressive. We have to impose more on community and don't be better civilized than people. And sometimes I don't know how old people are. They're not the internet explorers. They choose to hire the guys to ask them can I be your part of the browser? What's going on? We can ask. You'll be surprised how many people are willing to help you. If you just ask and I think you should. There's no reason to ask. So I do want to circle back on the registration. So I also want to hear the measure. So one of the common things that we see that we're starting on what kind of value we see is actually going on. One thing that says as the spaces it was initially we were building a thing and I completed it to the point that we are building inside of this. We believe that we support each other. So that is one of the biggest problems that we do. Whatever you're building what I am saying is we are building a thing that is that people are not thinking your first thing should not be you know first thing should be you need to know that okay I want to be in this product because there's a very big need of it. Not because I don't know who said this but someone said from the time you wake up from the time you see you have 40 ideas and it is not feasible to start working thinking you have 40 ideas that you have. So that is the point. So whenever you are building initially everything was in but now what is happening is as the space is evolving and a lot of great minds are working on it. What you have to see is how efficiency can be created how things can be taken forward in a way which floods into what is still missing not like that we are building a unit that is 90,000 piece it should be 90% decision. So the point is think about this I need more the moment you will know what will happen you will use standard on your project. So once you know this is something which is there and we support all types of projects here because one of the missions we are building he is always like when you develop and when you protect you have to think that you have ideas but no one can trust you because that is something where builders lose a lot of hope to think it's not about just like it's about how in a way we can go out and another thing he is always talking about the mistakes there was last week there was some kind of thing that happened and on a call he said Ping me was the project which was affected I will personally go and Ping those people and say sorry it was someone who literally has no time to go to go to sleep as well and because it's something that at this level you use good words how can this guy have some strength so that is there to summarize and to end this question like how you always being there with the point of support and I think apart from that we always try to guide it's not a key you will just go and say we will do this we will always go and say this is something that we will do and this is something which is there and we try to keep a personal connection I mean I can talk about one of your stories which you have Ujwal has been talking to me why I mentioned it because we had a chat and while I was about to deliver he said that person who was working with me has gone through this and probably I might not be able to fill it out he said don't give me a plan because I don't want to spoil your relationship for my third brother and that is why that name is very bad to deliver but that kind of name is something that I generally and you want to create those kind of relationships with other builders but everyone will always be there to help you but if you are always like where you have 5-10 people you have to save the army so 50-60,000 people will be able to go ahead 99,000 people will be able to go ahead so think about that kind of building relationship how all these things can come together and think about how this ecosystem can be born together with everyone I think what it is said that Wembley is not about owning the product Wembley is more about community how community proceeds your product for your own health I personally also I don't need charges if I see them in a customer they want to get something and this is my capacity who am I personally that is something which is how it goes very very motivated all of this support I think of all of these things he do something but give back won't this build for yourself for the audience that will actually provide not focus on getting focus on solving a problem that should be the mindset that we should be moving forward so moving on to the next part of the discussion which is something almost everyone will be very interested to know about is it's about crypto tax Indian crypto tax so first I just want to show you we have a very so crypto tax what exactly is the different what does it mean for or for the customer so when I talk about crypto tax I am just putting the views please that quality if you enter the next part I will be very very happy and very much cheering it out and this is something how I can see crypto tax and the way we have to generally for the revenue a lot of people say I need some very wallet sales that is like the best portion so two things that I have here so of course we have to make money that is the first thing and second is till the time we convert the cash to crypto tax they can't and these are the biggest width that anyone can have since we haven't yet done this are you guys already thinking this since we haven't yet done this since we haven't yet done this so these are two things that we actually not do why because I will break it down very simply the first point can you guys try the answer is yes they can very well and I mean I personally I am working on several projects which other people have worked with well literally I fill the wherever I have spent the single page it is this that those guys have to put in trades how so first thing is the moment you go out and there is a single penny through a centipede through your bank accounts you are dead because you are already either in your bank so let's say someone comes and says I have a bank account in MetaMask I have a lot of books I have a bank account so this thing that you will never be caught is something which is not true and they are saying that the government has a capability to keep it for 20 years and till then we will disappear from here those things might work for let's say 0.001 percent and all of us so that is the root of the problem and second is as soon as you get the money you will have access it has no relationship with you and related to your normal page if you get the money you will have access to it it becomes taxable the moment it hits an account it does not matter if it is in USP if it is in USP whatever people say the government doesn't care if it is taxed if it is taxed then the answer is if it is taxed then the government the government cannot give money it doesn't care how it works it is based on the IPC it is based on the police it doesn't care how it works it doesn't care So these are the three things I would say that a lot of people have the mindset that we are going to have a lot of cash. They are not going to listen to any actors, actors, directors. They are not going to listen to any actors, actors, directors. So our next two-day account semantic data would be the last thing. So then three is very much traceable because not that many people can stand or get paid for what they want to do. So keep those things in mind. So that is something about what everyone thinks. Laws may, they were before 30 years passed, not so much good laws, not so much sad things. In that, what I can suggest is that if you are hard in terms of freelancing, as incomes are, and in these incomes, they don't see 20 lakh rupees and that's going clear. You can take what is a section 44 EDU, which says that if your income is less than 15 lakh rupees, you can simply say, I don't know about any business. And you can simply, 50% less. So if your income is 48 lakh rupees, you do a 24 lakh and you pay tax and a 24 lakh. That's a very simple law in which you can apply it and you can basically cash your money and do it. So that has been, but that was still 30 years passed, 20 years ago unfortunately. Before that, you would have, you could very easily do it. So this is, I mean, one of the best ways. Now, if you have more than 50 lakhs, then anyway, you have to actually go out and make your salary. So as soon as you draw that in that threshold, your salary becomes 30% taxable. So stop seeing this as something which is like, it could go from this person to that student. I need it day-to-day. So you have to change the way you work. Just that the way it is monitored and monitored in front of us is wrong. So, Abhi, like you have. Now that first thing, Abhi, in the picture, there are a few more things. I don't say that the systems are intelligent enough today to go out because a lot of people more often better than say, I need a reason to work because I need this article to do this. Yeah, great. Oh, I mean I can. All these things will go out and wait. Okay. Until one day a regular tax rights might open and then all go through each other. So the point is now that the laws which have come in, I don't support this because they have created those laws that say they are solved. And if you have profits on Bitcoin pay tax, but if your losses on Ethereum, you don't pay any clear, you don't set that up. So that is something which is like, I mean to this side, a lot of trading. The logic is that we have a lot of people who can easily manipulate the money and that is not an answer to the people. I think over the time these things will evolve. Over the time when all these tracking and everything get on well in place, you will see a lot of these things taking back. Because actually these laws are there for the first time. In 1992, we went out and said that the internet should be banned. If the internet comes, then the government should be banned. Today she is true. But in 1992, the government should be banned. If the internet is banned, then if you want to use it, then you can use it online. And we have a lot of legislation going on. So it all starts from there. It's not that there's something very different happening. Just that we are living in an internet game. So this knowledge spread is very good. And that's why we all know what this is. It's just a new cycle that has been started, which will eventually settle down. Don't take away it. It's not worth it. Trust me, it's not worth it. Not worth the mention piece, not worth anything. P.U. taxes, move on. Remember, actually I was given internet to come, but did you guys know there were kids that were... I want to ensure computers don't enter India because it will take away everyone's jobs. Yeah, there are seven. It's written by documentation and late 80s, early 90s parliamentary books. Did you guys know the highest tax rate in India at one point was 90% or percent? So India has always been on the progressive liberalization fund. Someone will set an example, then you will study that example, read that example, piece of government change will be ready. All of that will happen. It is getting there. Remember that there was an outright ban from RPRI, not too long ago, right? So wherever we are headed, it's netted in the positive direction, right? You have been making this for six months, this is from a very painful point. Take a 10-year horizon, you will see how positive it is. At least there is actual discussion, debate, discussion. Words like NFT that is spoken in the loaves of money. That's a huge deal, right? It's not at me. It's like we are living in a world of debt. Exactly. Because we don't understand it. It doesn't mean we should buy it. Exactly. So our policy has always been to ban it first, to really ban it, very back ago, and then use it. Whether it's legal or not. India is still picking up its sign of whether equities can have share with the inhibits or not. For 20 years, we have been making up our mind, right? In my brokerages have been going out. Intruded, reduced, you know, we don't know about this, right? But India brokerages can never be as low as the US brokerage. Because there is no share in the future. So given time, we patients have a tangent horizon. As specifically, people in this room are very, very young. So not ruin your taxes because of this. Remember that tax in India is retrospective. ID can come after you for something you did 10 years ago once. 50 years ago. Someday you will build your fortune, become rich. It will suffocate you. And that they will make up that you sold something. Go next what I need and never create tax. Right? And that will come back to buy it. It's not worth it for your taxes. And if you do not understand, I have given this advice, while not financially wishing, just pick up another one. That's it. If you don't understand what I am saying, don't look at offsetting this bad money. Or get a CEO to advise you. But don't underestimate, this is my interpretation of the tax law. So I am doing it right? Big companies can find it if the ID comes under them. You can't. Right? So do pay over if it's not the exact amount. And we don't look at it. And this is the best way to do it. Privilege, end rocks, NPVs, this, that, grants, whatever it is you went with, everything is viable. Just pay it, be done with it, keep it peace. What I am bothered about is actually the lack of conversation about crypto startups. And even right now, what is needs to know, and exchanges. The conversation about Web 3 is being front-run by satellite companies. This is not right. And I really think that the representation and the conversation around Web 3 along with things like regulation, money management, investor protection and that are. What about the returns? What about the entrepreneurs? When will the conversation about Web 3 become about startups and jobs, which we stand to lose if we don't do something about this? It's true. It is true. We are persecuting our builders. We are discouraging our builders and we are at the precipice of a massive trend. And I hate the absolutely hate the fact that this country whose education we have taken, whose career we have been in and whose facilities we use, does not get the upside of the massive amount of upside that entrepreneurs will create as a part of this. We really want this. And I hope I change because as one of the companies that I founded was the company that do most tasks. And what we did with the most tasks that we used to work with meeting Web 3 opportunities over to developers and startups in India. So we will work with Binance and Pudging, we also work with Aibha and the Avalanth and all these things too. Who hacked down the accelerator? You will not believe the kind of people that we attracted after them. Government of Maharashtra, Telangana government, government of Goa all came in and said that we want to run these innovations. So I don't think that it is lost on the regulators. It's smart. Just because they are slow doesn't mean that they don't understand what's happening. It is not the regulators job to keep pace with the chain of innovation. Their job is to create a framework that asks for things. And they want to take their time, but it is not lost on them on the startup opportunity that it is very, very direct that they want to be able to not alienate themselves. But the speed at which this happens, we're going to use a lot of S-mines to see the time. I think this is what everybody wants. But it is, I hope that changes. So I'm sure people are expecting something. It's a different thing. And then everything is being said, everything is being said. We cannot accept it this way. So I just want to tell you with this, if you think going to another country and then paying not pay tax because the jurisdiction like that is just small campaign, every person tax will still be left with the quality of life and more money in the bank in India. So please consider that as this data, every person tax will still be happy. Unless you're paying that for your own tax. I want to go ahead and answer this one. The final thing. Everything that you just discussed and the legalization of the immigrant tax and as the Congress, all of these people like you are a very young government. So what we just say as somebody finding the opportunity, what do they do right now and how do they organize it to get off the taxi, do well ahead of possible. I think I'll start and I'll stop as well in two minutes. So one is to sustain for a longer horizon of data than money. And second is focus most of the time on it. So pay your taxes has been covered. Because I think it's a very sad business. It's the last few days. So if you guys have a room in Dubai, a good room, a single room in Dubai will cost you 5000 rupees, good quality room in the naturalistic environment where you need to stay to build. It's not worth it. Most of it is not worth it. Pay your tax, stay in your order, 40% off comes to you. So you're getting so much subsidy from venture capital. What is your problem? You're going to go far where everything is subsidized by venture capital. You can use it in India. But from Windows, I think Azure has covered it very, very well. But remember that the fundamental job of Mercury is to create new decentralized assets that people want to own. It is not enough to just create new decentralized assets. You have to create assets that people want to own. And then you can build self-sustained, self-contained sustainable economies on top. So whenever you build an asset, whatever it is, the outcome can be a token, a company, NFTs, whatever it is you end up building. Just find out if people want to own that asset at all or not and do it early. And second is more aggressive, be a lot more aggressive than we are right now. Which means partner more aggressively with other projects, try and build aggressively. Like golden steps, apply wherever you want to. That's it. So just apply whatever you want to own. But don't wait for an EH to come there or for one project to succeed. Or your future followers. So someone told me you need 5,000 future followers before you start building a company. All of this is irrelevant. Just build that real, more aggressive than you are building right now. And iterate aggressively. That's very important. If you talk to a lot more people while you are building, keep in mind what is working and what is not working. And as we said, follow up every day. If you want to aggressive, try to apply for grants. Just start building, start talking about it like an auspicious social media. And keep pushing the needle even if you don't succeed one who's written. So it takes time. If I take it time, before we succeed, one succeeded a word name. This is the media makes it look over time. It's never over time. So give it some time. Be patient, wait for this writing on the top. And ensure that what you are creating is something that people want to own. Otherwise you will spend a lot of time building, etc. And it won't say that you will forget what you wrote. That is the second thing. The third most important thing. And this is not talked about is mental health and well-being. Well-being and well-being can be very, very taxing. And telling this to you as an extremely skilled and well-being owner. Dealing with compliances in this country. Dealing with compliances in multiple countries because of this success. Dealing with the new taxation rules, building community which is a much more important part. As any wealthy company. Community is very important. Building a team, developing a company. You will end up trying to hire a guy. Then you will end up trying to improve your development. So a lot of these challenges become as you build. And they don't go away. So have some sort of preparation for how will you manage your self-balance, your mental balance, your internal equation. But it will get with all the upside, there is other than personal, it can be stressful. So have a good check on your mental health and how you are doing. Spend time with your friends, spend time with your parents. Do other things as well. Don't just give in a website for 24% because that's what you get. Do other things. Go walk in a park for a while. Do some other things and have a strong check on your mental health as well. Okay, so I want to leave everyone here by the question of what is vector. You see I have both vector, me and him. I think to some extent I have spent 15 years in this system. It's fortunate and lucky. And I think I can articulate vector maybe 3 or 4 points. I think number one is permissionless and community first. Number two is ruthless concerns. Right. Nothing is everything is outside. Number three is an equitable redistribution of work. It's not the fact that we as a user of a product can participate in the process of growth. It's a radical. It's crazy. It's more than share. I hate it when people say that. It's so much more. It's so much more. And I think that between these three values, I feel like if you start for these things, these things mean something to you. I think that you are better. Doesn't matter where you came in last year. Doesn't matter where you came in last year. If you stand for community first and permissionless, if you stand for absolute ruthless concerns, if you stand for a more equitable redistribution of work, I think you are better. I want to say something after that. But this is very inspiring. Everything that has been said in your field. And I really want to thank all of you folks for coming and sharing all of these ideas. These are not technical ideas. These are not technical ideas. These are ideas that you sit here and you sit here and then you feel inside of yourself. Okay, this is what I want to do. And thank you so much for helping all of us to build this out here. And hopefully very soon people will start paying taxes, but also come up with really good protocols from anyone in the state. And we have all of you folks here. More people, I guess, up over my entering level and helping them with this issue. And I just want to pull in a little check. How do you guys like this kind of discussion? Can I go home? So, I... Is it summer? It's so good. What are you doing? That's a bad idea. So, on the final product, if you guys are like, I think we could never be able to get out of this state, speed it up, down the state. You don't get out of it as straight, and you talk more deep and you talk more deep. Please use the hashtags. Hashtag every place is Indian. Hashtag, let's see if we can make it first. So... Amazing. This is my idea. This is... People making some cool stuff, rather than people talking about how much money they're making out of this. Thank you. Thank you very much. So, thank you so much to all of our analysts. And we'll be moving on. Okay, guys. So, since factory is one of our companies, we have someone who has experience and has been building companies for a lot of years. And as we've been engaged in companies, we feel like a problem would be powered off. With his company, Adelaan, there are over 50,000 people on the internet. And it's like an online college where you can go and learn stuff. And he'll hang out with a lot of people. So... Yes. Let me just keep it here. So, I'll tell you guys how I know about the type of stuff that I know. I hope you guys know how I know. But I joined this company and I saw the people that know this stuff. They was joining. I just joined one company. So, I just joined that. People talk for three days in the morning. People are talking about Portuguese communities. How they feel about themselves getting paid one hour a month. It was really helpful. And at three a.m. in the morning, I can do that in college. I mean, orderings, yes, you can. So, please give a huge and huge and I hope not for a long time. Can I swear? Yeah. It's been a while since I've seen so many people in real life. How many people that? How many people? How many people you believe in to show? I see some hands now. We just spread together and we're leaving. It probably likes the shit. By the way, when I walked in here it was the first time I signed that. Oh, shit. So, the topic that I was given for today was one talk for communities. I don't know, they find these words, but communities work the same on all three, you know, and also the Internet. They work the same since, yes, the message boards that we had, they work the same on Inverson Messenger. They work the same on Discord. It's been the same throughout. And the way I want to do this today is I just want to talk like three minutes max. I just want to tell you our experience on your duty, how you've been like that, and then I want to talk about or ask the audience to ask me questions, because don't all of you have the same questions working with you. And whether you're from India, whether you're from Germany, whether you're from the U.S., don't tell everyone who has the same community related questions. How do I know this? We've done a community platform. We have customers all over the world. Those are all the questions the same. Those are all the needs of the same. And anyone guess why? Anyone guess why? If you talk about payments, everyone in different countries has different problems. Can you tell me why community problems are the same across the world? Anyone? I don't really know what. Human nature, the payments, payments and human nature are the same, right? I would assume if you're talking about payments, whether somebody is in France or Germany, they have the same needs and requirements. Yes, no? Anything else that people want to add? Why are they... It's something from this side. Why are everybody's problems the same, the community? Trust? Okay. No, but my question is the inverse. Like why are all their problems the same? Any questions? So there's this principle called the Anna Karolina, I think that's how it's pronounced, which is basically every good household is exactly the same. But every bad household has different problems. Their own set of problems. So it turns out that every community manager in the world has this ideal picture in their head of what a community should look like. And it turns out that their ideal picture is the same in everybody's head, or almost the same in everybody's head. And I'll tell you what their ideal picture is. Large YouTube channel, or large Instagram, whatever it is, like 10 million people. Right? This awesome forum, right below that YouTube link, I'm just drawing a funnel in the video, okay? This forum with lots of engagement going on, thousands of posts today. Right? Every weekend they want to do an event, right? An event like this, and have to want to be put down on real life. Or during weekends, they want to do an online event. And they want to have thousands of people down there. Clapping in here is like one of those twitch live streams. Right? And then, as a community manager, to have like that ultimate thing. So whenever they walk through, everyone like laughs, and I'm like, right? So it turns out that everyone has that same image in their head, but it also turns out actually accomplishing that image in their head is a business. It is an extreme amount of raw effort. And as I'm going to tell you if you start from the top of the funnel, often the the pull for you to reach the bottom of the funnel is very low, because the ROI is low for it. I'll tell you why. Any YouTubers in the house? Anyone with more than like a thousand followers? Where is Ishaan? Okay. I'll ask Ishaan a question in the public. Ishaan like bring your mind there. Ishaan, you have a YouTube channel, you make a certain amount of money. I'm not going to ask you to tell me to make money. You can go, fuck about running a community right now. Is there ROI on it? For you to convert that channel into a community? Exactly. You can ask the same question to Tameba. You can ask the same question to God knows. Every, like the top 100 YouTubers in India, all of them tell you, I don't want to do it. Because the ROI is very low. Right? If you are a YouTuber with like, let's say 500K followers on YouTube today, you don't need to build a community for anything. You probably are making like, 10 times more than your parents for making in like a year. Right? And the reason for this is because distribution is far more valuable than you creating the engagement among your people. Right? In fact, the more I think about it, I think about this problem a lot, because I do YouTube, I do Instagram, and then I do community. And I keep thinking about the ROI versus effort of each team. YouTube has very, very high ROI. If you can track YouTube, your YouTube one, the last place to probably move that audience to is a community. Right? It's better to just go to like, tell me some random brands, some random finance brand. No, JVMog for example. Some of you, finance brand who stays like 10, 20 years. Okay, great. Because far more valuable for you to go to play and say, let me put 10 seconds in my video about it. Then for you to create engagement among people. In fact, the only value of you getting engagement among people is for you to get out of this. That's the only reason you want to do community is you have a top of the funnel. And it turns out from all the experiments we've done, we've done with one of the communities that we have on scenes. Having a top of the funnel is the most critical thing for you to be running like a highly engaged community. But I'm going to repeat what community is a wide-tested community. People are talking to each other. Audience, you are talking to like, God knows, 10,000 people. Community, people are talking to each other. The only reason you want people to talk to each other is if you as the content creator want to escape this. And there are benefits to that. If you've done YouTube for a few years, you'll understand. There are benefits to you getting out of this. But I don't know if it's a strong enough benefit for people to actually create that community. Do you know why it works in Venice? Why Venice has been all the properties of community why you see so many success for the community. Stanley might ask, human nature doesn't change whether you're overly late. Redistribution of an item comes. Yeah, so two reasons, right? A, you'll notice that most of the people who are running crypto projects, especially discords, are anonymous. They don't have a top of the funnel. Some do, but we don't. We don't have the top of the funnel for crypto communities, but they're anonymous. So they anyway can't go to credit and say, please give me two lakhs to run an ad for you. They anyway can't do that. That's all off the table for that. Second thing is that people are incentivized to engage with each other. For one word, I think it's two words, the wide list. You guys know what a wide list is? Crypto projects, all of you have been on a desktop. How many of you have not been on a crypto desktop? At least one. How many of you have not been on a crypto desktop? Are you kidding me? Anyone who has been on a crypto desktop? It's a great audience, right? I must have. So, why do you chat with our people on that crypto desktop? To level up. Why is it not good? Why is it only up higher? Insighted. So crypto is one of the first people that actually figured out that, holy shit, instead of us getting a top of the funnel and then creating a community, if we can just pay these people directly, you don't need a top of the funnel. You just pay that talent, talk to each other. You'll get paid. Sometimes it's not even like, you know, why is this usually available? We'll talk to you guys again. Other guys have just engaged for no reason. Right? And in fact, this card is one of the only cases you can do it. And there is something that started happening on this card. I don't know what the name is, but it's the central one of those things. It's a bot capture. Why do you think that bot capture can focus on this card? Because it turns out, if you ask people to talk to each other and give them money for it, they will eventually get tired and they'll write a bot to do it for themselves. Right? So I'm just running you through why certain things happen on this card, right? Like the minute you join a community, what happens? Right? They'll ask you to verify a capture, you know, maybe connect your wallet. Right? And then you'll have to prove that you're human first before getting in. And the reasons for that are the reasons I'm running you through. So if you want to speak about the fun you're starting with, right? And sometimes it could be paying people is something that doesn't exist yet. How many of you have been part of a project? Whether it's an NFT project or any crypto project where you will pay to get or you got into ideas because you, you know, you spent your energy engaging people. And it turned out that the project was a doubt. Are you going to go to a drug police? Does anyone know what drug police is? Yeah. How many of you don't know what drug police is? Put your hand up. You don't know what drug police is? Put your hand up. One, two, three, four. Those are only 12 people. Don't know what drug police is. So drug police is when somebody pulls the drug under. Imagine if you're standing under a rug and you're like chatting with a friend or your alternate ID or whatever with two discards open to get into the widest. And somebody pulls the drug under. What happens when somebody pulls the drug under? You fall, right? So drug police is essentially the crypto version of that you go to website and then there's the website. And then in your details, you connect your wallet. It turns out your wallet, which had, let's say 0.5 Ethereum, is now at zero without you getting an F3 return. So that's sort of cool. And it turns out that you put in so much effort trying to get the widest. And sometimes it could be more than that. So very clear distinction between paying people to engage versus telling people that either pay you or engage with capital. In one, you make a risk upfront. Venture capital funds. Companies that have raised VC money in India do this, right? Where they tell the end user, I will give you 10% of this cash factor. That is equal to giving money. That's paying people where you take the risk. In crypto where you engage and I will give it to you later is you not taking this, putting the risk on somebody else, the end user. And then you reaping the rewards already. So crypto invented the concept of creating engagement by paying users without taking this. So that turns out that's a very nice thing to happen. And the final thing about the thing, at the bottom most of the fund, people are engaging, people know each other, but people don't know you. So crypto also removed the idea of fame or created the idea of student ownership. How many of you have heard of biology in the last...? How many of you have not heard of biology? Sorry, I know this is very diverse audience. So how many of you, just curious, how many of you are here from Twitter? Okay, hands up. How many of you are not from Twitter? Who don't have a Twitter account? That's great. Hands up on a set. Hands up, yes. Whoever is not from Twitter. So one, two, three. How many of you guys hear about this event? Newspapers? Telegram? Yeah. So Balaji, he came up with the concept of anonymous identities, where you have a, like Reddit has anonymous accounts, also a part of the anonymous accounts, right? It has anonymous accounts where I ate an account called Throwaway001, and I talked about, I don't know, erectile dysfunction, right? Because I don't want anyone to know me or who I am. Whereas the student anonymous account is, let's say, MonkeyJabber001, and then you go and use that account again and again. You get a reputation on the account. So instead of storing the reputation on your person, you store the reputation on an account, and what are the advantages of some people like this? You do both. Like, what is the advantage, though? You do both. What is the advantage of you having a student anonymous account versus using a real name? But we store reputation on an order account. Ishaan says if something goes bad, there's one way you do it, right? There's one more? So I put down a pretty, there's one word, spot cancellation, right? So, and I felt the brunt of this to be tantalized. Yuga was serious. So I once put out a tweet saying, I think everyone should leave home at some point in their lives, just so they, you know, learn how to do their jobs. Because many people, especially the Yuga crowd, is like, you guys know that it's spot. So move on, you'll learn that, you know, if you're interested, your friends and all that, like, you have things that you should buy yourself, you're interested. I was a tweet I put out, and I got a fucking trash for it. Right? So there was this bunch of people who was just like, you should cancel this person because this person is promoting living away from home. He's destroying Indian tradition. There's one more person who's like, oh, can't do any work at home. So it's really bad, right? And then basically this happened, right? I put out a tweet saying, people should have muscle culture, but they want 10 minute, you know, grocery delivery, they want, you know, you know, everything, customer support at 12 a.m. and all that stuff, right? Some people said good stuff about it, but other people like, this person's hard work should be kicked out of Twitter. In fact, I don't know whether it's like, live event or money control, one of them like, what an article about it, right? About how and which, for all of us, right? This is the media's job anyway. So the idea behind Surya Ramu's account is, imagine you building your entire application on YouTube chat or on your Discord, wherever it is. And suddenly you say something that people don't like. And it turns out that you say something that people don't like changes very often. What people like and what people don't like changes our way, right? So it's very interesting for you to put your personal identity there, so that last concept, that image that people had in their heads of the perfect community, but in the end it's me, the community manager that gets the same. It turns out that's not a very smart thing, especially in the middle of the world. Then one of the most famous people you know, I'll answer that, Bill Smith. You know what I mean? He's all over me. I tell you something I never thought to be a risk of cancellation, J.K. Rowland, right? When she said something and, you know, I don't know what she said, but every day I say this. There isn't a single celebrity that you know today who hasn't been under risk of cancellation. The problem with that is, your community will also die. And it's happened to people very often by now. This is a almost regular occurrence in crypto where something happens, there's people hate the, either they out the sugar on this chapter, or, and this has been kind of a headache, or something happens, right? Maybe the person said something 10 years ago, 20 years ago or whatever. And thanks to the data project guys, the tokenomics, I mean, say the coin was trading at $10 and I was trading at zero, because you said something 10 years ago. I don't know how that changes business for it runs out of dust and stuff like that. So I feel this image of what is a perfect community or how it should change. And I think all the next four years it's going to become these three, right? So the anonymous, you're paying people but you're not taking the risk. You're taking the risk mostly, right? And then finally, you are absorbed by that response to you guys. It's not you that's starting the community. It's a ghost, it's like a faceless version of you that's airtight, so you don't get identity doesn't become. These are really like communities we've been seeing over the last three or four years. And it turns out 20 years ago, these are the best communities we saw. If you looked at Google message quotes from many, many years ago, or the PSPB forums or the other forum software, SMF, simple machines forum, all of them were completely pseudonymous. I had a pseudonymous talk like 15 years ago and I was like the only Indian designer, right? And I used to be a real people and this is because I was actually recording this here about being in India. Australia, it's fine for you to be in India online, right? Indians run like 90% of American companies. But back then I was insecure. I didn't want people to see my face. I didn't want people to know my identity. So I used to pseudonymous talk. So it turns out whether you're insecure or whether you're trying to protect your identity and your community, pseudonymous accounts cannot be a solution, but they're not a new solution. They existed since forever because human nature, right? So that's what I wanted to tell you in a nutshell. What I'm going to do now is I'm just going to have a mic passed on. If you guys have more tactics, this is like a zoomed-out picture, right? I'm sure you guys have tactical questions about how to run a YouTube channel or whatever, right? Remember, old school, the funnel that I've spoken about, the new funnel that I spoke about. I want to know from you guys any questions you have that you probably benefited out because anyone has the same set of questions, right? Sure. So I'm filling a comment here. Okay, what's your name? Yes. Sinha says I'm building a community in campus for battery after I go about it. That's how I would do it, right? I know I can't say the wrong answer because I would do it. I would take three other people to help me first, right? Because building a community is like this, but ideally I would try to erase myself from the scene, right? They're a pseudonymous account. I mean, what's this T-shirt about Brazil? Right? Now Brazil. This is going to be a diverse crowd. So I see one guy there. I see two people, but I see a guy that's here. I watch it because my wife watches it and I can, whatever, like we didn't say to her to start on her choice. But there's this in Brazil, there's this girl who writes the newspaper. I don't remember her name, but she's a woman. So I would start with a campus user. Can anyone tell me why I started the campus user session? Who does the content? The content is fine. We've started a hundred ways. We have a YouTube channel about what's my campus cycle. But I want to create a new cycle. Why? Because in that campus news cycle, I'm going to write about people. And what people like the most is gossip. Especially on campus. You guys love gossip. Don't act like you don't. That you want to know what the author from section B do last night that nobody's speaking about it. I start with that. And also, I know the author will read it because I was sent to the story. He's one story. And every week I click like 20 stories to write, right? And I made about 20 of the most popular people so that they talk about it. Good things happen, it's just not my thing. And this is how I would actually start. I would not go YouTube channel and that stuff. Because those are really hard to see. You can't get beyond... Actually, YouTube is very easy to see in one story to ten. But if you're going from zero, nobody's going to discover you. They're going, nobody's going to share a video on this. Again, it's just secret how you do it without putting your face on it. So I do news cycle. I'd steal that news cycle to a certain extent. And then I'd say, hey, guys, here's a background group to jump. The old school, we are doing this, by the way, the way that those popular two months, four, three are what's that group get 40 people on. But in terms of, there won't be any engagement on that. In the past, there were people who are so compartmented that you have to start to use them. So I'd start a content, we have a public content anonymous, you set us a best way to do it. And then I'll just put that in either what's that group or this part and just say, hey, this is about it. The other way to do community is, so the three is that you could be different from me. Either you play on this, which is juicy content, or you could play on lowliness because it's done by most people alone. Or you could do through it. For example, people want a community about how do I solve my physics paper tomorrow? Guys, you can get a district group, you have a lot of people saying district, saying physics answer sheet for tomorrow. So in fact, communities like, let's say, the Unreal Engine community have zero gossip. They're not there to alleviate your needs. The Unreal community is there because people want answers to a question. How do I fix that? It's a very, you know, questions like questions. There's no long-term loyalty goes to their design. Cool, I hope I answered your question. Who's next? I see you in there. No, actually I saw him in there. I'll come to you also. Yeah, you can, I'll repeat the rest of the interview. You said, Ishaan or Dandak performed in a community. Is it more of a collective? I don't understand your question. You know, daily 500, daily, you know, a lot of subscribers, right? And at the start, you asked Ishaan, will you make community now? And he said no. And you said most of the viewers will say the same answer, right? Is it more of like a private rather than a community? So it's not about cultural communities. It's about the fact that YouTubers, Instagrammers, they don't have much energy. Like I haven't put up an Instagram story in these months, maybe. The reason is I go out and I just don't have the energy to produce content and do community. So it's the fact that their energy is split and they really, if something is making a lot of money, you put energy. But if it's not gonna make your money in the ROI, it's not gonna just want more promoted posts, make more of what the community does. I'd rather do that. And we have both private and community at the same time. Yeah, most of the views are for us. Any example. So take the example of Adlon, in a sense, right? It's not the entire community that goes apart, but there will be some more audience, like, you know, 2,000, 3,000 people just like for Adlon. And there's nothing you can do about it. It's because that solves a very big problem with movies. Like, for example, I think Sarduro's practice. Like he's got Sarduro in the auto, where the guy's all in the practice room. Do content, do across as many channels as possible. Bring these people down to WhatsApp group, email, use that or whatever it is, convert them or something like that. So they do this in the reason that, say a Sarduro chooses to create this community versus, you know, like I said, Sarduro is now spreading his energy between his content versus community. The reason he does that is because he's got a lot of people, right? And he knows he can stay, it's a skillful business for him. The Pallanjali guys, for example. One last thing, do you think in WebT, having a fight is possible? I think all WebT communities are cards, but they're paid cards. I'm always very worried about paid cards, right? I'm incentivized for talking or- By the way- Not great space. Not great space. Yeah, so by the way, I'm not a biggest fan of crypto. Just putting it out there, like Pepsi in essence. Like I'm fan of the tech. I think a lot of things that are going on right now are made for us. Like the incentives are made for us. Like if I was to say something good or something and one don't pay, I might not do it. 10 bucks an hour, 100 bucks an hour, I might not do it. 10,000 bucks, I think about it, right? Two lakhs, as we know in the universe of the world we're doing. That's what it really depends on how much I'm paid and the problem of crypto is the tokenomics is right sometimes. Like there's no issue capital being put in, right? In venture capital, if you are valued at eight crores and somebody's coming in and putting one crore, the post money valuation will come to these nine crores. There's a fixed initial valuation that somebody's talking about with certain amount of capital and that new valuation is real. But it's not instantly liquidated. I can't take that nine crores and I'll just start spending. Like I can spend one crore because that's real money money. Like the rest of cash I cannot. Whereas in crypto it's the opposite. If I as a VC investor today, I have liquidity at the end of the week. So I don't have to wait eight years for an exhibit event for somebody else to buy the company and make all the cash real and input. I guess I'll spend it next week. And the problem with me trying to spend that cash next weekend is, I probably get very technical on this. But the problem with me having the ability to spend that cash next week is that now I'll start saying good things about this project. Even though I'm wondering what can you get about the project. Right, so yeah, so I don't know if I can answer your questions but yeah, I think all of you tokenaries are great products. Recently I think a couple of months back we saw that the VAYC founders identities were leaked as well. So I didn't see that there was much impact on the issuer anonymity part of it. Okay, so let's think about it. The VAYC founders were not large in essence. They were not large before the crypto world. Like imagine Ishaan now creating like something like Bode. Like the problem is if his identity was now outed maybe Ishaan called himself, maybe his team. And then his identity was outed. The problem is people will go stop his tweets from 10 years ago. They say, bro, in 2005 you said this thing about apples I believe in oranges, fuck you. So that's the big problem. If you have, before the first phase, then it's a problem. In fact, today's Shudhana, it's always better to be Shudhana. And there's always Shudhana projects where they're doing just fine. But I think because there is money from and these tomorrow it's not on. You have to give your identity and talk to these, right? It's tough to keep it under wraps because when you see the talk or the lawyers in board, there's gonna be an anomaly between boards. Somebody in the middle is gonna go to the press and say, I don't know what this is, right? So it's hard. But if you decide to save it to be seen, it's pretty easy. So I don't follow what I've missed in the conversation probably on the way. And it's a wayward to observation that committees are more about nowadays, I think, it's about data signaling. But there is always a lot of mistakes. You will not find community lawsuits. You hear the mistakes. It's just human nature. Whose was that? Because as it's great, like you hear about Augustus. You should watch it, right? He's just, essentially it speaks about the minute you have the Eurograms in the set and then you will get into like cities. In fact, every time you go to a room, you will stack mine yourself in that room. Your body automatically does that. You will not give like an accurate number. We think in numbers, right? When we talk about mathematics, when we talk about ranks, we talk about numbers. Stack on, rank two. It started with you sitting in your WWE cards and you're like five years old, it's in a chest 55, right? But the brain does that a little more ambiguous. Like sometimes you can't tell. You walk into these guys at the top, these are the middle, these guys at the bottom. But you do that everywhere. And the community is just far easier. Two people can get somebody on that for like that. And usually it's great because it's also proof of birth, right? So if somebody's putting their time in the effort, maybe it's worth it for them. It's a question, maybe, you know, we have been in like a trend, for example, I think it's one of the biggest knowledge in the world, yeah. How and why do you think it's not been able to scale the VA, YC, or some level, or how are these two income problems? I don't think that it's a good thing. They have no multi-care parts in their app. But they have the risk of being able to say that it's a really bad thing. Doesn't matter. At every level. Stakers, like when we're driving a good car, for example, it's only useful if I can drive that car in front of you. It is not useful if I drive that car in my space. So the problem with that, because it's not multi-care, like I can't scale people's accounts, right? If I'm not wrong. I can't say it's something else that won't be like, oh, that's good. Whereas if the example of Clubhawks, whether they fit or not, doesn't matter. They did say the same thing, right? You want to, you know, you don't want to say you don't want to. Right? Twitter is not existed about this. Number of followers will be. Right? So it's there everywhere. You can go everywhere with a great space issue. And by the way, yeah. So Kunal Shah, we think some of the guys from Fred are investors in my company, right? So, asks doing a very multi-player version of community versus them doing very single-player version of community. I had to kind of see the parallel. If they would want to be multi-player, then it would be like proper voting. Okay, we're taking more questions. But I want to take some questions from this side. Yeah. So you want an honest answer or you want, like, honest, honest, honest, honest. I think two kinds of dowels, right? So Kunal's dowels, that is voting, and then there's like normal dowels. Okay, which is just basically your group, your discord server, but you're calling yourself a dowel. I think tokenized dowels are full of shit. I have not seen a single successful tokenized dowel and I've been in this space for very long time. And here's the reason why. As you can see, mirror very recently. So they have a dowel and they've been pretty popular. They've raised quite a bit of money, okay? If you look at the last five polls or votes, voting, whatever they call it, that have been created, they're all frivolous, right? It's basically rubbish. It's like one guy saying, oh, should we kick Rahul off the court community? Yes or no? Right? Should we? And by the way, all these dowels have like a small amount of money in the treasury, which is forward towards what are the dowels this type of school. So if I want to donate money to COVID relief and I put an address there, then I can start this school and people can go, yes or no. And there's a threshold which it has to pass certain amount of, you know, number of people who have to stay less. The problem is that money, anyone can start a war, right? Because it's decent. And by the way, I'm not a big fan of decentralization. I come to, by later as well. I love the blockchain tech. I'm not a big fan of some of the pieces that's going around, especially, you know, really full of stuff, right? Anyway, I come to that later. The point is, I just go to get it out tomorrow just because I have a certain number of tokens and I can say, let's send money to my account, right? And then as long as I have enough accounts with some amount of tokens that I draw, just keep voting. Then you say, okay, I know people are only allowed to work depending on the number of points that happen. It's very easy because they're all anonymous. So they're all anonymous. I file a lot of accounts, I'm okay. And I can manipulate this to pick everybody else. Yes, it's not smart, okay? I saw it really very easily. We're like, 10,000 people are telling us what to do with this now. But at the end of the day, none of them are going to rework. It's me, the guy who ran the now that has to sit and work it very hard and then I have to be doing this stuff. Which is the same with everything, company, whatever, right? There's something about crisis zone where the number of people who add value to a company or a community is square root of the number of people in the community. I think it's like 80, 50% of the world. So if I have 100 people in my company, only 10 people do the actual work. That's the people that are just packing up, right? Which is what I've seen running communities is what I've seen happen in and out. So yeah, but there's some who are smart, right? For example, two teams now, very clear they want to do the organization. Like we have this group, we have this community, we see if we can distribute the board, we see if we can distribute opportunities. But we run the company, we run this thing. I think it's very good to do this because humans have always tried on leadership. Everyone that's tried to get flat leadership or equal opportunities. Not equal opportunity, equal opportunity, I think is right, I think, but equaling outcome is always safe. The leadership comes out. The leadership is the major focus. That means the work is on the long-term next cycle. You know, basically I hear people talk about that you know, my people say, you do the voting power, you do the voting power. It's all about that. I think it's something, it's my own. I hear people talk about it. People talk about leadership. I hear people talk about leadership. I hear people talk about leadership. You know, all you say is the long-term next cycle. So what you're saying is essentially it's an edge to the dollar, that I quote here. It's not only an edge to the dollar. See what happens is humans have this history which repeats, history often repeats. But it writes more than that. So basically it is that you know that a central currency becomes the one's export currency as a result of that. What actually happens is that the factory basically gets to become a superpower. It's a fact that it starts to explore inflation. Why the Americans have been prosperous is only because of the 1940s and 1940s when the US dollar was the reserve asset. Now, when we make something as a reserve asset in 1971, this next thing comes along and says, okay, now we don't work over the world anymore, go in because of some predictive actors who are trying to push it. It's something predictive. This is that they were spending more. It's all about balancing the economy and which none of the politicians in power are anyways able to do more of extended purify. And that's the human history. And if you were in power, you would also be in the same environment. You know how to be convinced about it. The main crux of crypto basically comes from first point, basically as a sort of value which should not be limited. And this is something which is interoptable completely pure kind of true money which will take the form in any situation. No matter how you take the equation of crypto, we split the situation in second place. The second point of protocol is also like whenever there is going to be a change in world order which as you see now China going to Russia dictating to buy in approvals, sell gas, you know, approvals, it's what is happening is that he was done over a period of time. And it's bound to any which has happened because of the long term. Next, I just want to decrease a little bit. Once it decreases, and any which is the debt to GDP ratio of all these big countries so high, let's say if you have a debt of over 20 years, if you have a debt of over 10 years, no, sorry, 20 years, you have a debt of over 10 years, you have 300% of debt. Can you actually afford to pay the debt? And it really interests also that debt, you know. So all these big countries with 300% of debt would give you issues, they both they would not pay that. So there has to be a recycling of the debt which only happens in the movie. I think hydroelectricity is happening which is happening about the quality prices. So basically all that we are seeing in terms of inflation is not the installation of the country, it's the debt we are living in. All the other there is a bank loan which is basically caused by it. If we should be debt smiling, which none of the governments will allow to have. Why? Because they say, if we are a loan shark, we have a bank loan, we don't have anything. So at the end of the day, it's a cycle. So I completely, 99% of the people do not think, only thing I can say, and I just want to say this, so that none of you of us don't feel this is happening, is that the food actually is inevitable and you are on the right track, and you actually don't trust me on that. I know this is not going to be a life changing thing for many people, because a lot of people are going to lose because they just don't see what's going to happen to them in their lives. Because unfortunately, none of the economists, professionals, none of them really understand what debt issues are, what wrongful debt cycles are, how these countries do not pay off their debts. What the actual food eventuality is that? Coming to communities, I guess this day, I mean, I've been very less than another, I'm a big fan of yours today. Really, I appreciate what you said. So, what do you mean? To be. To be. To be done, okay. Awesome. So, one thing that I agree with is to be done. To be done, to be. To be, awesome. So, and I was talking about this in the book as well, if you're talking about Bitcoin, and in my head, Bitcoin is like a hedge to the dollar, like you have dollars, like you are spending on dollar, all countries in the world, you move to Bitcoin to finance it. This is also the philosophy that Jack believes. I tell you, where I disagree, where I disagree is the minute you start talking about utility goals. Well, it's been six years now, I could probably reasonably be in stream. We haven't seen a killer app yet. Bitcoins and killer app exchange. It's not been invented yet. But I'm telling you, but the only thing is, maybe it's not been driven by games. The moment you see games with big phones, or, you know, large phone models, that's where you see the, because in this case, not a lot of people are losing their jobs post-COVID, not a lot of people are actually facing the environmental inflation, not a lot of people are actually seeing their standard of living decrease, as we speak. People in technology or maybe YouTube, stars like you, it's a different story altogether. But not a lot of the commoners are actually losing their own daily lives. And that's when the change of jobs happens, and then these change of jobs leads to create the economies, getting instant gratification, which very well happens with online games, you will see that this utility will come, and then the cryptos, which offer utility, are not going to be basically only utilities. It's going to be a massive process. Let's say I'm going to communicate something to you, and I can communicate in a real time, and you pay me for that to a medium which I like, and I can go ahead and change that to whatever other utility you have. Because you were saying that, you know, maybe you have an identity now, and you want to start that, like a door frame, right? And you make some money out of that. So you don't start with any exchange inside each day, that's what you're saying, right? That's not yours. Jobs are changing. So you know, when jobs are not changing, job is fine, but I was actually talking about the actual utility, the actually, the utility, right? So you're talking about something around those ones? Basically, we are always so much more online today that we actually value our online presence more than our physical presence. So what I was saying was, in the crypto world, you building, I'm just thinking about, I'm trying to visualize it just, right? So say, you play a game, let's say, you know, CSO, you have an item in CSO and you want to create that, so you have a central market, and crypto will enable that market, right? Real times that we're building people who like, see culture, and actually I'm the same thing inside the same market. Inside the same market. Actually, this existed for six years. So it's called a state of community marketplace. They've had it for a very long time, and they say exactly like, any energy marketplace you see, exactly unlike that is not option, right? It's just stealing, it's a centralized thing, and the reason steamed with that, and even today we'll see that on every community map, that you'll see the trading price, and you'll see people saying, thank God I didn't get scared, right? So essentially it's existed for a very long time. What I'm trying to say is that, I'm sure this will work, right? What I'm still questionable about is, is crypto really necessary under the world, right? Because human behavior doesn't change, and a lot of things like crypto will actually work on the utilities, for example, Polygon doing certificates. They've been doing the India certificates very easily, right? Nobody who's getting any of those certificates needs to know that it has to go on the loop. So I feel like crypto will be like an invisible layer if there are utility illnesses, but it doesn't matter. I could use like a privatized ledger, just have it not decentralized, and that will work fine as well, and Steve's proven that for a half a decade. So I'll explain in two particular answers. The question is what you thought. The basic thing is that crypto is not your stereo. Most of you here are going to use money. In respect of that, because you're going to go and invest in something shitty, and then you're going to call yourself, you know, oh, I tried to do the right thing, but actually from the beginning, you weren't making the wrong decision. I don't know if you read the book by any, how it's from the phone story. Go ahead and read it. I'm sure it's all about, it's a very boring book about demographics, which you'll learn a lot of things about it. But the main concept of the matter is, that you know, when you have a world of instant attention, it's an instant gratification. Why do you think Microsoft has more activities to present? For $70 million, because they see what is inevitably going to happen, that you will see the hedgingly in a dollar decrease, you're going to have chaos and anarchy across the world, which is going to rise further, you're going to have different knowledge sources that's put on our identities. You're going to have instant gratifications that people are going to start with, either due to the lack of income for most of the partners, or because of the energy companies that we're living in. So when you have a production technology that settles utility as a message for some second finalities, across the world as a level playing field, that will, you know, that will impact a lot of these things happening in the production, and that's when maybe the Microsofts and the, and the other companies also will come into the picture and create their own tokens that should all be interchanged so the global instance 24 by 7 market place it should all be interconnected so that's where the utility is going to come, that's where the hedgingly might be, might be that I'm wrong, might be that I'm right, but we will see that. Right now, so, I think that moment will get pretty future so it will seem like a few years, but anyway, what I'm trying to say guys, is that, oh yeah, do you have a question? Do you have a question? Sure. Okay, guys, I'm out of time, I'm going to ask this moment now. Oh, very good, thank you. Thank you. I believe for everyone here, it was like, we were thinking all of these answers, human psychology, and incentive and everything, but Balashji took it down for us, like what are the actual needs of the mind? All of the things that happened with us, you and me, and by all of our partners, more or less the same. So now, I will again move away from all of this debate and I'm going to get out of something that we won't be able to do. So the next people I'm going to invite to stage is someone who is like very close to my heart, Balashji, my mentor, Sacha Sensen, and she's going to be actually starting us off with workshop, and she's a devil at a very famous index, the very famous index in protocol, the cloud. And so without any further ado, I think this is welcome. Vishal Mena, a huge round of applause for her. So before we get started, I want to say that we're going to do a very small, big workshop that I'm going to try to build, a decentralized index in the afternoon. So we have a show here. Okay, everyone, super excited to be here for the session, the Smash workshop. It's wonderful to walk through. But I'm just really, really excited. It's my first, it was in session in the last, since the time we started. And I'm just going to get to know the audience a bit better, take it to the team, then I'm going to set out the wifi for me. Just give me a second, please. It's signing off, so everyone can set it down. We can get started. For the site, I don't want to ignore anyone. Okay, so just a quick show of hands. I am starting from outside the front door for this event as well. So who is coming from outside the front door and it's not open? Here is one. Wow, that's a good number. Good number. Being here. Like you did. But when you met everyone, I don't think it's your day earlier. So if anyone can share like one fact, one thing that they said, as soon as they arrive in back door, anyone, any takers? Anyone here? Everyone can just like, you know guys come on, this is the very last, one of the last workshops right now. Because I don't want anyone to be secret. We'll be, you know, we're looking at food and we'll have to sit in here and we'll have to decide if we're going to stop at a certain point. Anyone can be secret. Can we do three chairs? Three chairs. Come on. Come on. Come on. You guys can just turn in your laptop so I can connect. In the meantime, which was, I don't even know what is the graph. What do they do? Anyone has a part of this? Anyone has a part of the graph? Do you want to go? So in the R2-3 system, graph QL, have you heard of this? Yeah. Yeah, please. Yeah? Decide? Cool. Can I give you the screen? It's clean like what is graph QL, like really small terms. Anyone? Like what is graph QL? I would rather ask, what's your favorite part about graph QL? If anyone is, you know, is a big fan. Yeah. Yes, please. If you talk about R2-3, what is something that you like about graph QL in general? In general, when you're reading from the screen, without graph QL. That's awesome. Just assuming you use the graph QL. Yeah, we're actually using the graph QL. That's awesome. So, from QL, for you, tell me quickly what's why you love using graph QL. I'm going to go with graph QL. Anyone here? I saw few minds here. Actually, guys, the strategy I want to make this simple, active, and not just maybe very fun. Yeah. Anyone here? Yes. Hi. Not a complicated answer. Like, it's my, I love graph QL because I can get only the amount of data that I want from the response. So, I work in an e-commerce platform. And we used to get all the underrated product data and all of that. But I was excited to get much faster when we started using graph QL because we only started picking up the related data from the same API. Otherwise, we have designed different REST APIs for getting different kinds of data. Yeah. Love that answer. Okay. That was also one of the main things that really fascinated me apart from the, you know, documentation that's really easy to explore and also the introspection aspect of it as well. So, without further ado, every jump right into the client session, okay. I'll give you one. Yeah. It's one more. I mean, I just wanted to comment on the same thing, like, why are there graph QL? So, I mean, I've been using an example as well. And I think the biggest thing I like is the time streamer because without JavaScript is already going that time generation. So, without time streamer you really have to identify different domain objects. That makes it really easy for the client to understand what data is coming in. That is what I am, I guess. So, I just really elaborate on this point is that graph QL makes it very easy to, if you're a developer it makes it very easy to, like, how the last one was told is something like a type streamer for any other type streamer because of the so many type streamer of graph QL, so many type streamer of graph QL. So, one very good friend of mine from my activist company used to say that you don't use graph QL with a summary type language. It's basically, like, coding the code style and then going over to QL just like that. So, that's just a great analogy. But yeah, I will get started and just go ahead and use this. I think you should have my speed for sugar code. This, everyone can form that. See, this is my line, I'm not doing this. No, right? I think from this side, I could actually do two parts. The first part is like the basic introduction of decentralized APIs are why they are necessarily different by a base streamer and where the graph comes in in your blockchain stack and why it's like filling the entire picture of the graph with less applications. So, just give a minute to clear. How many here are developers? Who are you? Like, I just want to get a sense of life. Everyone needs to get three or hundreds of projects. Something for you is just for the sake of learning. So, many of you do really understand and want some interesting answers. Thank you. Thank you very much. We see you. We would also want to go on the companies right before this. The best program in Salaam using the I know has to go to change the program. Anyone else? Okay, we just a pretty introduction to the session today is that we will be working out with a blockchain using the graph. So, I work at the graph and while I keep this up and running, maybe I will talk about the graph. You can probably wish. I am a engineer at the graph. And my passion is building development communities. And I do my time to make sure I have that important development to be successful with whatever technology we can use. Music and in time we have self and running project as well. So, that is my handle. So, don't say hi. I love you. Music is about technology. We can have it as a part of the research and we can talk about that. Let's talk about the graph. It is a protocol So now the graph is in common and clear and makes you sure that we are making this blockchain and open data accessible to developers who are making decentralized applications. So it's very common and clear in support of data developers by making this open data accessible and accessible with graph, that's what it's built on top of. And as a quick analogy, the graph does for open data on a blockchain what Google does for the best. So that's a really good analogy that we use to make possible using sub-graphs. So these are the criteria that I've been talking about so much. We actually call them sub-graphs and we build them using the graph. And on the graph we have sort of called sub-graphs to build sub-graphs. Now the sub-graphs is made in AI here and you can see here in this icon that there are two videos if you look at your T-stack. The first one is your front end where you are here. In the middle, since you're in AI here, which are basically sub-graphs, then you can build two T-stacks. And the last one is your data here, which is one track. And so the sub-graph is the main AI here. That's between your front end and your data here. The graph is becoming quickly becoming the T-stack to protocol, indexing protocol for building decentralized applications. With that, sub-graphs are also becoming... Now we get asked very often where does the graph come into picture. So let me make this picture for you. In this data-oriented world of us, we deal with a lot of data involved in applications. So a lot of the data is stored across decentralized storages or document books. And if you go to developer and you're building applications, especially decentralized applications, it becomes very necessary to use data that is very projects, to make sure that your applications are good at performing and have a great environment. So with more and more transactions, having a lot of logic, it is becoming increasingly difficult to index this data. Many companies use decentralized applications. And this is where the graph comes in. All your developers were using that to factory indexing servers. And now we don't want them to build their indexing servers. Why not? So the problem with proprietary indexing servers, building up these custom servers to be able to index the blockchain data for your applications is that one, it has a similar point of failure. So if one thing goes down, if one server goes down, everything goes down. The second one is Indra to my note. So there's a lot of hardware involved. There's a lot of engineering resources involved. And you need to hire engineers for that. You need to manage and maintain your hardware for your custom indexing server. So as a developer, if you just want to build up their next big idea, it sounds like it's so much work and so much massive. So I'm sorry, I just forgot the third part, which is it is completely centralized. So if you're building your own indexing server, it's completely centralized. And it goes against the IP and the programming of decentralization. So here is where the graph enters. We like to say that it's the easiest to be able to index blockchain data efficiently, of course. So if you're using the graph, you don't really need to build pure indexing servers on your own. And this is not just a protocol for indexing the range of two different, but also a transparent open network of three key layers, like developers, developers, indexes, and generators. So it's a truly decentralized nature of working on a blockchain. And again, it's built on the old graph field. So again, it comes with its own benefits of developing graph fields if you're working with graph fields. So our aim is to define apps that are fairly common to data using the graph by trading an extreme quality of expressiveness for the balances. Thanks so much for that. So these cute little icons that you see, these are all really famous protocols that identify applications that are used in the graph. Our graph also has complex applications which allow for richer data on the dance. And these are applications like websites that are found by the graph. If you want the name of a point in the graph, or a point in the table, and there's also NFT on-down use cases that you can order a combination or you can swap it out. These are also used in the graph introduction. And then last but not the least, these are applications approachable projects that become so famous and they're allowing for richer data on the dance using the graph. And in the graph, this graph supports over 25 different networks and has the support of creators across these trade-offs like Ethereum, Neo, Polygon, Amazon, and many more. And with that, we come with demos that are pretty short. Most of the users were waiting for the sign. So if I can get some help in pulling out the mic for me so that I can actually record that for me. Use graph report. Let's focus on what I think, like how this data is looking like in the graph itself and if you have to demo how to do that. Just to quickly remind you on behalf of the build space scene that we do have a network image session right after this. So I'm pretty sure that one viewer has been discussing it, discussions, but it became like, you know, a big decision after an engagement that we're writing into the discussion was being in the network image session. So on the screen you can see this app has two main products, the Graph Explorer. You can show what this is about to be on the slide, but the Graph Explorer is where you can explore different subgraphs that have been built by the community and by different protocols and organizations. And then the subgraphs review is actually the IDE or like the developer in what we're trying to do with these subgraphs. And this is basically how it looks like you can use your wallet as an identity to decide if you are a subgraphs reviewer and if you're a dashboard you should be able to see the subgraphs with any creative point or any idea based on the little information and some of the extra competition or advice. So this guide, I will be sharing this guide with you folks and this is what we will be using for the walkthrough today. So it's something that we put together which takes you to a simple example of how to build an energy API using the Zora marketplace called Energy marketplace protocol. If you want to get the best out of this workshop or the session, please make sure that you have more patience on the new machine and you also have the MetaMask model or any other protocol model that you can actually use as a subgraph studio. That's what we represent. It's a pretty straightforward process because you can use your wallet to decide if you have a common extension that's the best. And it would be also great if you have some knowledge about the structure of the subgraph but make it fundamental knowledge of the subgraph based on what the solutions are etc. So let's jump right into it. The first thing that we need to do to create the subgraph is so this response that I'm talking about but basically indexing the smart contract with Zora and energy smart contract. So if you see the Zora marketplace or if you see the Zora energy marketplace or if this is a very useful energy marketplace we also have to develop a long rotation so we have a smart contract that we can use as a built-in top for building different energy use cases. So this smart contract is the one that we are going to be using to be able to let's say to be able to use the energy data the token data and the user data for this smart contract and create on your project using the subgraph system the subgraph basically should be your graph where you can create that energy data on the hot chain actually. This is the subgraph to be built. The first step here it needs to be in the subgraph. So I would say you need to let the network be using what you want to do and this is going to create an instance on your subgraph to be able to use. The next thing here I do like about the subgraph to be on the dashboard for the subgraph is that it has some good documentation on the right side of the subgraph. So it takes you through how to run the subgraphs which is a scheme starting with the graph which is my life. The mission of the smart that you should use to initialize your subgraphs and then in the last few steps you will be able to authenticate and deploy your batch of subgraphs a bit. The first and other pretty kind of because I have the graph in here I'm sure that actually it's going to take that much time but you can once you've created your subgraph on your subgraph studio you should be able to form this command from in here and so on. Either you send it or you turn and it's on the graph so there are more ones here. So the next one that we the next step that we will be doing is initializing the subgraph. So I have a little bit of experience with that. I think that my goal is to set the graph in between the subgraphs by contracting index events studio and front contract. So the front contract with that that will be really good. So that others were really making our focus. So I was talking about the graph in this command. This is the command that you will be able to initialize or scan through on your subgraph in here. And it has a few flags. The front contract flag that you can see here right here and I hope the font is reasonable to everyone. This is the flag that lets you pass this smart contract address that we are using which is SORA smart contract address and you can find the application. There is also one more flag which is on the index and on the services. It generates the types of packages that you should be able to interact with the events that are happening on the smart contract. And then there is the smart contract which is the key and accept the key on the smart contract. So the group on the preview is on the subgraph SORA smart contract address and so this is going to create a subgraph sample for you. So you need to be able to use from the platform if you need to use the SORA smart contract. So this is the SORA smart contract. So this is the SORA smart contract. So this is the SORA smart contract. So this is the SORA smart contract for we have which we have started the SORA smart There's also the smart contract address, the mappings, what kind of entities, what kind of entities that you're going to be defining. All of that is defined in several three lines, the first one is rather simple, the second one is another one is rather simple. So the similar structure is basically your structure, so you are going to be defining your entity, so any data that is on your developer profile. So, for example, you want to be able to define a developer and user as two entities in the smart contract. And then on your front end, you will be able to query token data and user data from the smart contract. And so we will be reading that in a few minutes. And the last one is the back end of JS file, this is the extra file. And basically what we're doing here is we're mapping the local business logic, that you want to be executed wherever, particularly at the end of the company, on the chain, whenever you start indexing that smart contract. So for example, the transfer event happens when you're indexing the smart contract, you want to be able to handle that event. So if you want to write some business logic or some work that you can execute whenever this event happens on chain. And so this is the business logic that you will be able to do in your JS file. So let's go ahead and look at some making changes. And this is basically us defining our designing, etc. And then the last part will be authenticating and deploying it, and then we should be able to see that in action. So the first change that I'm going to be making here is the start block. The reason why I can start block is that otherwise, writing indexing the smart contract, your subtract on your graph note is going to start indexing from the genesis block, if you don't mention the start block. So if you have the last transaction of the genesis, we want to do the last transaction block. So we want to be able to define that as a start block to make sure that it doesn't start with the genesis. And we have a start block that's here with us in this guide. And so we're going to add that. That's the first thing that we need. So in any case, we're going to delete all the others and create two entities. And then after that, we are going to be getting rid of the other entities, so we're going to create two entities and create two events, which is the token that I created and the transfer event. And all you need to do is import the other three entities and the transfer event. And all you need to do is import the other three entities to here. And for these two events, we will go to a writing number of these events. So that's part of the first part that had been done. So in this slide, I will be using this code snippet. So it's basically two entities that we had to create. So if everyone here has used the actual input and knows what types are, where types are, you want to be able to define the entities that the government will later on create a cognitive name for to be able to carry data for those type of things or that kind of data from the smart contract. So by basically, from my subgraph, I basically want to use some data which is token and user. So all of the NFTs and the nature of the data and the user who own these NFTs and the user data. So these are the two that I will be creating entities for. So as you can see, the token and the entity has a few other fields like ID. So this is the sign-on for this entry. And then token ID, the content you are writing, the entity token is going to have a content you are writing. So that's that. So we're storing that in the right type. And similarly, we're creating two objects, one creator and user of the type user. And it is coming from this entity. So if you use an entity type, we're creating one to many relationships and we're using the actual type. So we're going to use the entity type. So we're going to use the entity type. So we're going to use the entity type. We're going to use the entity type. And we're using the actual type from directive. And this is again a practical concept. So the reason why we do this is because we can also use and array as an alternative. But the reason why we use this is since we're creating a virtual feed for this relationship, the virtual end of the one-to-many relationship is going to be stored using the directive from directive just because we want to be able to make ourselves a virtual environment. So we're going to use the actual type from the entity type. So this is going to be a one-to-many relationship between what we're doing and what we're doing on our own. And creating an open set of real-world agents. So a one-to-many relationship is going to be a case of owners and the business that we own and the clients and the audience that we have created. And the reason why I am finding this data is because on our own, we have to be able to take this as a schema and whenever it starts indexing the smart contract it should be able to create this data and serve it online. It's going to be a matter of time. But before that, I'm going to talk about the standard. Since basically it's being a public of averages and types, as any script types, which should come in handy whenever I want to find a business object. So the big thing about the project is that it keeps working with smart contracts and plans and types. So you will really have to like write everything for this crash and you will get a trailer that you can see in the generally some actors by sorts. Not yes, not yes. So as an example, what the total client has is that it has a full network functions like the number 20 where you want to look back at the smart contract. So you should be able to insert an intercom if you need the data from the smart contract. So total client has all of the head functions and rights and packages and you need to interact with the smart contract. And similarly, C1.DSO has hyper functions and types and let's say your functions that you really need to be trapped with the browser. So the platform is going to be an index of the smart contract and the reason why we need to receive a PSI is that we need to be able to see the data from the status of the data from the smart contract. So this is how happy development really is specifically generated for what we have been given out to the boss for running through that project. And now that we've got this approach, we are going to go through a lot of things and I have been using to define what we want to basically when I work on what we want to do when I work on the month so the smart contract is being indexed from the sub contract calling the head functions from the total client as similar to C1.DSO as the smart contract. The function that we see here is the ladder transfer function. This is the function that we write to some business logic where the transfer event happens. So this function is when handle that transfer event and now when does the transfer event happen? It happens when a new token is being entered or an energy is being transferred from one user to another. So this is the logic of the future to be able to handle that transfer function. So the first thing is I'm going to give you a list of what you need to do with the data from the smart contract and then check whether this token exists or not. If the token already exists it means that the ownership of the future is being transferred to it and so we will save the new owner to be able to create that data from it. But in case the token does not exist we will question the logic of the state of the new token data if the handle of the token data does not exist it means that the token is being entered and in that case we are going to be storing the new token data from the graph to be able to access the data. And similarly the user will be able to save the new user data from the transfer function from the graph and otherwise if the user does not exist it means that there is a new user from that domain and we are going to be able to save between the data from the smart contract and then save it onto the graph. That's for the handle transfer function and the second one is rather short it's for the handle token data function and this is some of the new handle which is made to be able to access the data from the data so as you can see here we are containing the token data from the smart contract and if a token exists then we will be consuming the token from the software and then save it to the graph to make sure that we have the new token of that in the other thing. That's it. That's the logic that we're trying to migrate. And this is where you are. So, this. This works. Next would be. We have. We have. The next. This means that we want to be a subject that needs to be created on our own and we need to be able to communicate more differently and for our community, we are divided that is a way of being able to respond on a subject. So I'm just going to go ahead and talk about this one. And I explain the command which is the command that authenticates your subram and we're asking this to your plan. The reason why we pass this to your plan is because we're entering the display as an argument. So what this means is that any code that we've written for the loop 3 on our machine, we're going to connect it to our subram that we created on the studio and that happens when you authenticate it using the loop 3. We're going to press interview and this should be able to authenticate our subram and then the last part here is going to be the loop 3. And if I go on this very straightforward, it is called craft deploy again on the studio plan which I pass to the subram and then our subram subram which is what it's going to do. And I think it's going to be interesting to be able to see how it works. So I'm going to show you that I've written this as a bug on the other side. Everything that we wanted to do to create and design our subram, we've already got a lot of those commands. So any ideal scenario of this error, you should be able to authenticate and deploy the subram. And once you've deployed it, it's going to change the subram on the deploy to deploy and then we're getting the test software, the test software. But I wish I could have this later and if you have questions, then we'll be able to answer them. This is probably something that can help us greatly change. But once we've got the back forwarded the line, it generates assembly script types and then when you write your business model, you can map it up to your side. That's what we're trying to do and then you create authenticators of the subram of command and then finally finish off by deploying your subram using the graph to deploy the subram. And once you've done that, it should be once you've done that, it should change the size of your prompt and deploy to deploy and you should be able to design your queries. And in this slide, you can see that this is how you can find subrams for your client. And in that slide, you can write up, for example, queries. I would like to show you some queries here to set up the subram for the core here in the mapping file where ideally this is what it's supposed to look like. And this is how to build a graph very quickly and stage up that. There's been a return in response to that. And in this slide, we have a frequent number of queries that are going into this one. This is a lot of subrams that are very, very close to you. That is what we're looking at here. We use this very much as my project. And if you want to join with people and get involved with this app, our website is the graph.com. And we also have some really good ones. We have a really good team and it's really important. But if you are really interested, you can go down to it. It's in my office. Thank you so much for the last talk of the day. We ask the last one, Mani, the founder of the product folks. You have a big round of applause, Jay. A big round of applause. I want to come on. Hello, Jay. I'm here. Let's buy a new section. I won't be able to put it down. I have a question that I want to start with. It is good. Congratulations. There isn't any food in here. You can eat whatever you want. But start the talk, I think it's a huge start-up. I know everyone is pretty eager for what's next. I know it's a food corner. I don't know, open up. I'm sure you're going to go a little bit too loud. Just tell us a little bit more about how you actually did the first thing. Did you guys enjoy the day's session? A little louder. A little louder. A little louder. Let's get started. Yes. So, guys, why is the product renowned for the VHS? Right. Could you walk us through the industry? It's 15 kilometers. Starting and ending the application. So, could you walk us through the industry and talk about what the product goes through? What I'm going to say. I think this energy was in the web to see, right? The product was essentially a product of a very similar, similar vibe, trying to create lots of interesting products. And the two of them were the same. That was the idea. And it organized something very similar, lots of interesting build-up products coming in the same room. It's such an idea. It doesn't require a scale. It's in the space of product management. That's exactly how we started. And to be honest with you, it's kind of an open community. Very similar to this. And it's actually where we're at. I can remember those three COVID times. They just be very similar. But that was the idea. Because it was really new. It was a huge, large-scale product. But the idea of the invention was to get interesting people in the same room. And it hasn't understood more about the space. That was the idea. That's something we're trying to do again with the VVS product. It's a product with a total of 100,000 people. It's already in India. It's a product company. And lots of things have happened. I can't believe it. It's just like an events community. Move into a network. There are a lot of structure that's coming through it. That's the community. Playworks that are coming through. The idea of the product. How is it? And as we said, how do we help lots of people move into the space of this thing? Other people, you're in this room. Are you interested in that thing? How do we help a lot of people? Do you have any questions? Do you have any questions? Do you have any background like this? Do you need to meet and listen to people? How do we scale that? How do we help a lot of people move into the space of this thing? How do we manage it? And we're probably 30% there. We can't live by the end of this. Awesome. So how many of you know that this fellow he just moved back there. He moved it here on this side. How many of you know that? Very few. Very few. So that's how we know it. He went through, you know, built an entire product that big and not being here. How did you do that? I'll be very honest with you. I think we have a huge team now. Almost 30, 40 people down there. How do we help a lot of people? We are very much a part of our company, right? He handled the IT. I think it's definitely not a journey that we can take. So, especially for everyone who built these three products, I know a lot of people come into the company, but you see that this company at least from the basic staff as a community, right? A community from the company and people from the company has lots of young people who are going to move beyond this project. And it's really exciting here but if you think about this a little more seriously, please start thinking about distribution, right? Because the products that we always say are the first startup, we promise you keep product first and I'll tell you one thing, the second product, the second startup, you start thinking about distribution first, right? Exactly, and it all just comes together where it is super important for you to start thinking of that from day zero, right? Most projects, right? In an energy project, that protocol, you know, many of them have a community company that offers the products much later. So I think that is where it is important to start thinking of that as well, right? If I build a phenomenal product that's out of the box, right? It's what happens with those using it. And what is the point of creating a product you build and if you can't get it out there in the market, right? So that's exactly my opinion. So it is super important for you to start thinking of a community first and that's why the application is so large, right? That's where probably all the other are in this room trying to meet each other, trying to get great link connection, trying to meet all the other types of energy in this room. Hopefully, you will find one or two other like-minded folks in the room who feel something after work. That is where it is important. Absolutely, absolutely. So how many of you have questions for so long? Just one. I thought that would be important. How many questions for so long? I have one and then I got some in mind. Okay, you got that. So if you just had a conversation with all of you, what was your experience and what was your community like? That was really important. I don't know how to take it. What's your opinion on that? I would love to have that with Maru, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, Saira, as long as you have the mindset. There is no right or wrong, there is no hot take step or something logical that I am talking about. So we have one question out there, you have two questions. Yeah, so basically you are one of the product groups and now you are doing a product house. So from what I am telling you, how is it heavy and what we are seeing from this? As I said, you are definitely in a middle ground personally and as a whole I just do it, right? Product force is not going to be there. Personally it is that there is going to be a sudden flip from web to web 3, right? There will always going to be that 2.5. We started out in 3 years now, building up a foundation for the product groups. Back home is something of a big issue, right? So you are asked personally as a community, TV hasn't been going anywhere. TV has started as a sub-community, doesn't it? In East India when you partner, you are able to get together with three other institutions and with TV as a product house, it is essentially a non-configured. The idea is to learn a little bit about them. If you are interested, if you start only with web 3, then it is still very less complete with us. And we support you along the way. As I said, we are not all the entire community that came from web 3 to web 3. It is not so close to web 3, right? You see, in India, all accounts are yours. This is the reason why it is so close. Not everyone platforms today still have to do that. Because we are having this discussion last year. I think I am not going to be there. No, it is going to be there. It is a sub-community within TV. It is not going to be the data start to look. Only because of the busy energy, you know, right? That is why I am going to start with a great product set. And that is why I am going to be there. So, my question, that is my second question. So, what are the things that we have to do? And you have the product house coming now. So, what are the things that you do? So, you are an independent community. So, all same, I am using web 3 to power power companies. So, what are the things that we have to do? So, I hope you all want to do it. If you are building a community, I think I can do this. If you are actually a co-executive, if you are already an existing network community, I think you have to find a leader that you can do very well through project contact. Let's be prepared. We are an existing network community. Who is the lead lead, good for me to write this? People who are at least associated with tech, then it will become a lead lead. So, it will probably be for the future. The idea of the lead lead is there. The support project is easier to incentivize the community. So, what are the things that we have to do? Second, the product house that we just practice starts from scratch. If we are back to company that we have this web group, we didn't have a lot of money. And the community has a lot of stuff that we need to do. So, I think it is a good thing to do. I think it is a good thing to do. So, why not start from scratch. No matter what, it is better that you do it a lot easier. It is a good thing to do. So, people that you want to take a nap, I think you have to take a nap. Thank you. You can write it, it is based on what you are saying. My question is about the idea. There are 20 songs, so, what are the reasons that you will become a lead lead and you will be a lead lead and you will be a lead lead. So, what we do is that it's all the things that we do, because now it's a way of transforming the system. In the traffic, how many people do we have? How many people do we have? That's a great question. To be honest, I'm answering the question a lot more from other people than actually the one that has to be answered. So, initially I probably think that I'm the first that someone else has to be responsible for this. That is a very important question. It's probably a little bit harder to decide on the front. But when you start skating, that is how we start it. If you are a volunteer in a state, at least they wanted to break into projects, so someone had to contribute. Initially, when I was promising there, they had to take it into practice, they had to do it. Today, I don't know what to do here, because we only had our set curricula, we didn't have access to a lot of things. We didn't have access to a volunteer for a few years, many years, we didn't have access to a lot of things. We didn't have access to success. Some of our volunteers had to go to the same department, some of them were to be taught by our teacher, like we can't make that, etc. We didn't have access to a lot of volunteers, so we didn't have access to a lot of things. That was the challenge. We didn't have access to success. We didn't have access to a lot of things. We didn't have access to a lot of things. This was a really big opportunity for me to be here and to do that, when it's safe and fun, then think about it alone. We need to push through that. Unless there's a lot of community staff in the country, it will work very well. We need to start not too much to be there. Probably there should be some solvers as well, but that's fine. But how do we do that? And we just need to do that. We just want to work back, to share with you, the people in the community, we just want to work back. We just want to be there. So we decided to take a step back there. We should help the staff to be able to be there. That's the one we have here. We have a diversity of social and political parties. Of course, there should be certain factors, in fact, such as the power of the people of the state, the state, the government. that is coded. The the the the the the the the the the the the the the the the the the the the the the the is The The You have a great community, so I'm sure you've also talked about this today, as to how do you strike the balance between engagement and engagement with the community, building that out and giving your people the platform, versus making a more accessible platform and more accessible event globally, which is to get it going through and thinking about trust in the world. You know, in a person, after what you have to do, to make it to this degree that would actually pay for the future. See, you have to fight the right balance between trust in the world and the right way to understand the world. Yeah, like anything in TX, I mean, because now we're moving to the most critical and that there's a lot of community that's going to understand the world, probably the same problem of them not doing anything. In between, we saw the advantages of virtual, virtual opens up more like nothing else. That's why it is, if it was virtual, it's going to be 10 extra seconds, no doubt about it, right? But did you feel that it was virtual? Not really, very difficult to do that, right? At the tip of a button, at the tip of a button, something more you're going to do is that, right? See what we're going to do, and then we're going to be looking at it with a little bit of a push up. So, the next time you start to do the beginning of the system, if you have that, it's still okay. See, it's not a big deal, not bad, right? Because after people go by, they're talking to you and sharing that they're going to listen to what you mean. Let it go, you're going to do that, okay? Let it go. And then another one of the ways we try to understand the world, is to be able to do these things, and to do what we have to do, and to see what we're going to be able to do. But we have to do some of these kind of things, especially when we're talking about these kind of things, right? I think that you have to understand that. Lots of people are doing like webinars, for example, so you're talking about influence, let us say, if I only want to say that, I'm not going to be able to do that. So, know how the world of possibility is going to be possible in the future, where to be able to see so many different parts of the world, see all the problems, without the red light. But I think, I think, it's so fun again, to be able to get it offline, you made it, it's so easy to get the experience, just give it a little, you know, it's still going on. I think, it's so fun to see the success that people are going to have to have. Whereas, one case that, again, that will just be a different kind of experience, it's probably going to be I just had a, that's a great answer, I just had a little question, you mentioned that, why do you see the benefits of the word, so the next time we go back? And I feel it's a little bit, anytime we think of, like, close to the end of something similar, it's often speech-paging, that we don't have that kind of approach to come apart, but from the perspective of, you know, in an organization, so you can have any institutions, who you report at any time, because in that way, that we're not just to the right of our time, you know, on the way out of the world, if you're in person, we don't want to say that to you, unfortunately. And this is something that, you know, we've been having so many questions, um, it may be hard to justify, but to the next level, I think it's very important that we get that question, because if we are to come to a point where we are trying to do a more digital kind of question, like a little more, like a lot of time, in March, as close to something like that, and that's going to be the most important project, not to say it's a good project, but to do something. Like, it's a way of just being on the front, You have to figure out your, for the sake of your office. You have to have access to the office. You have to have access to that. You have to figure out your, for the sake of your office. You have to figure out your, for the sake of your office. You have to figure out your, for the sake of your office. So any good questions for us? So any good questions for us? So any good questions for us? So any good questions for us? So any good questions for us? So any good questions for us? So any good questions for us? So any good questions for us? So any good questions for us? So any good questions for us? So any good questions for us? So any good questions for us? So any good questions for us?