 Perhaps we forget that we've only just begun. Doing what's never been done before is intellectually seductive. Whether or not we deem it practical. What we're seeing is unfathomably new possibilities all of a sudden becoming available to us. The future doesn't belong to the faint heart. It belongs to the brave. You have to trust in something. Your gut, destiny, life, karma, whatever. We truly are living in an extraordinary time and many people forget this. So now technically your device is on. Can you tell? Can you hear me? The yearning to do what we do in the service of something larger than ourselves. Where did we come from? Are we alone in the universe? What is the future of the human race? When you conduct those exercises, the innovation follows just as day follows night. We can do this. I know we can because we've done it before. Stay hungry. Stay foolish. What we're looking for is how everything works. What makes everything work. It has to do with people wondering what makes something do something. There's a way of looking anew as if you never saw it before. The first time and asking questions about it as if you were different. Men have discovered that if you try to get answers that they're related to each other. Things that make the wind make the waves. Motion of water like the motion of air is like the motion of sand. Things have come and featured each other. Turns out you're one more universal. The future is so remarkable. It's so amazing. Take the world from another point of view. Welcome everyone. Welcome to PL Summit. At Protocol Labs, we drive breakthroughs in computing to push humanity forward. Today, we'll talk about vision. We'll talk about our impact. We'll talk about the network. And in this vision section, I want to describe what we mean by push humanity forward. Whenever we say that, what are we talking about concretely? I also want to talk about the what behind that push humanity forward. What are the kinds of projects, the kinds of ways that our network is having an impact in the world? And I want to finish with a discussion about how we approach this. How is it that we're building that kind of impact? What is unique about our system? What is unique about our network? Why we think that we can cause some impact in this set of projects that other groups can't? To set the context, over the last few hundred years, we've seen massive global improvement across most features of the human condition. Most ways that we measure it, humanity is just getting drastically better off. Now, at the same time, we have encountered a series of existential risks. We now have the capability of destroying ourselves and other forms of life on the planet. There's a massive set of extinction events happening, and we are encountering a range of problems that may mean the end of our species. At the same time, this century is a critical moment in our species history and potentially the history of life. We discovered computing, and we've been integrating computing with our work, with our lives, with ourselves, with our species. And it's unclear exactly where the future will go, but we know, based on the timelines, that most of these extremely impactful moments, the things that sci-fi has long foreseen, will likely happen sometime in this century. At the same time, despite these massive challenges, despite this incredibly difficult century, we have inadequate macro systems that were designed a few centuries ago and are not well equipped to handle problems of this magnitude. Something like climate change is beyond what those systems were designed to address. It's no wonder that our nations haven't succeeded in defeating this problem because they're not built with the structures to do it. So this is an extremely critical century and is going to require all of our work, all of our focus, and all of our attention on making sure that that amazing global improvement graph continues, that we improve the quality of life for all of humanity, that we stop and hopefully unwind that massive extinction set and climate change and so on, and that we steward a good transition during this century to try and make sure that that ends up with a much better future for all beings. Now, humanity has enormous long-term potential. We're talking, when you think about our cosmic position, we've been wearing the four billion year mark of a long story to get here and that's only if you count life. If you think about the entire span of our universe, 14 billion years. We spent a very long time together getting to this moment and what we do today, what we do in this small century is going to have massive impact for the future of our species and for the future of our galaxy. And who knows? Maybe in the future we'll figure out how to go around the speed of light and maybe it'll be an impact to galaxies beyond. So your life and your time period is extremely special. So use it wisely. Now, for us, for many of us in the Proclabs Network, what this means is that we must do every year, every decade, every moment what we can to try and aim for really good outcomes across a variety of systems. Some of them are much more mundane. I just talked about galactic level impact. However, things like securing the internet and establishing digital human rights today, this decade, can have that level of impact. These things tend to compound. Think about the importance of the printing press. Think about the importance of writing, of language. Those structures radically altered the future of our species, of life on this planet, of our entire history. So in the last 80 years computing has transformed our species. Superpowers now sit on our pockets, they sit on our desktops, they sit integrated in a vast array around the world. Decade over decade there's been this tremendous relentless improvement. Billions of humans and trillions of computers now work deeply integrated. Most human activity in some way is mediated by the internet and these superpowers in our pockets. The internet is constantly granting us new superpowers and the key piece of that is that it's an open and permissionless network where any human, any group can get together, create, envision and foresee a superpower, translate that into some code, ship it out to everyone else in the world and the entire species patches up and upgrades. It's an amazing, amazing invention and a lot of the benefits that we see today in the last 20 years are thanks to this open permissionless network. Without this kind of openness it probably wouldn't have worked this way. Now at the same time the infrastructure that we're building, this computing system is giving a lot of power to a few groups. We've talked a lot about corporate surveillance and so on in the last 10 years but what I'm particularly worried about is state surveillance. There's already mass surveillance going on at the same time. However we have not yet seen what's possible. Orwell famously described this tremendously dark world in 1984 but I think that was child's play. The kind of 1984 vision of the future does not at all factor in the kind of control systems that you can put in place today. Not in the future, not in 10, 20 years today using today's technology. Already we're seeing these kinds of systems being played around with across the world. This is not just in a far off place, it's probably in your country. And if they work really well and they'll start spreading and exporting to other nations and this is a very, very pernicious system that over time will ratchet up into something potentially really bad. And the concern is one of these. It's at every point in time the people that are building these things are trying to do a really good thing. They're trying to help secure systems and they're trying to help secure society. Because they know the damage and the dangers that come when safety is not carefully considered. However, it's never about the current administration. It's always about who's going to inherit in the future that set of powerful capabilities. Don't build extremely powerful technology that you wouldn't want the worst groups on the planet taking control over. So it's extremely critical that we build the structures to prevent this kind of mass social control in the future. Now, this is where Web3 comes in. Web3 brings verifiability to interactions across the internet. It makes sure that we embed cryptographic requirements in most interactions across the network. And I'm not talking about the ownership thing. I think that's a passing moment thing about Web3 because property rights are pretty interesting and pretty cool to have on the network. However, what's much more important, much more deep is to bring verifiability to make these systems trustable for everybody because you have hard mathematical and cryptographic and economic guarantees about their operation. You don't have to trust that some contract is going to be respected. You need a communications infrastructure that respects you, a communications infrastructure that puts the data in your control and that isn't going to just take everything you've ever said and later on in 10, 20 years in the future, punish you for it because of some massive shift in what has become acceptable. That's what we're talking about. If you think this is super crazy, just go back to read about what happened in 1930 and 1940 and 1950 and 1960. That entire period has many concrete examples of what happens when different administrations take control of people's social communications. Now, a number of us wrote up these Web3 values a while back and we think that they're potentially extremely important. We're not sure whether these will actually yield a really good digital society, but it's a good start. And a lot of these values can be enshrined as digital rights by building secure systems. If we can create secure systems that enable these properties and then later get large groups across the world to ratify these as actual rights, we can ratchet up the security of the network. We can build and improve our communication systems to get to a much better spot. Now, a lot of our projects across the network work on a variety of these values, and they're trying to establish that kind of operation and that kind of system. Actually, in reality, hundreds of logos would probably appear on this page, so lots of the faces around this room are working on specific systems in these areas. Now, it's going to take all of us. It's going to take all of our projects, integrating well and delivering an extremely good user experience. Computing doesn't upgrade because something is more important to do. Computing tends to upgrade when it's more convenient, easier, funner, and so on. Remember that early on, the internet was for cat videos, right? So if you want the world to ratchet up into a better system, you have to make it drastically easier to use. You have to make it more convenient. Users will not select privacy. Users will not select security. Users will select convenience and fun. Now, oftentimes people dismiss the requirements, but it's important that you think about your superpowers as writing on top of a massive scale international computing infrastructure that's run by a set of corporations. So the application stack and the personal computing devices, end up being manufactured and controlled by various different groups. There's probably a problem there in terms of the number of manufacturers for computing devices. We probably need a lot more groups to do that. However, it's extremely difficult. Now, the layers below are actually pretty good. When you think about the openness of the internet and the openness of the networks, that's working quite well. The problem sits below. The way that the internet is steered today is through a series of contracts, in terms of services, and the action of various corporations and courts around the world. Those contracts can change very easily. Those courts can decide things in the future that are different from the past. So what we need to really upgrade our systems is to create a layer that won't change, that has hard requirements for change, that has a much stronger foundation. We want math, cryptography, and economics to underlie the structure of the internet, to underlie the security of our communications network, and to guarantee your future access to these communication systems. If any of you have been in... I think most of you have not been in a country that suddenly overnight disabled the internet, but more and more people every day are encountering that kind of experience, and it could happen anywhere. So these kinds of infrastructure improvements can lead to public, international, digital utilities. Don't think of them as corporations. Think of them as a utility that is there for the benefit of all, for the benefit of all of humanity, not run by any one group, but run by the math, by the cryptography, and by the economics behind them. Through that, we can establish these digital human rights. And from there, we should get them ratified. But I think we're in a moment where we should build them first and ratify them second. So that's why a lot of us are working on Web3. Now, there's another very interesting path in Web3 which is around upgrading our economies and governance systems. I won't touch on this for very long, but I'll give you a glimpse. If you want to hear more about this, I recommend you come to Funding the Commons later in the week. So along those inadequate government systems, we also have inadequate macroeconomics. Our current systems and structures are prioritizing things that are very short-term oriented and not long-term oriented. Most of the valuations of systems tend to be in a very short time span, and they're undervaluing the importance of the future. Today, things like Tesla and SpaceX were completely irrational to start back in the early 2000s. Those are now some of the most valuable companies on the planet, and they're creating an extreme transformation in humanity's future. Think of the electric car transition is in great way due to Tesla, and the fact that we're actually quite close to getting to being multi-planetary is thanks to SpaceX, but those two companies seem completely irrational at the beginning, and that's because they're extremely risky, they're extremely hard. They're not valuable, and when you think about their economic success, it's very clear that they were going to be super profitable in the future. So what's going on? The problem is in how our macro systems are valuing these kinds of risks and in how they're valuing those kinds of payoffs. So the problem is in the core. There's another story like that. Early in the story of nuclear, there was this kind of set of assessments around fusion and how much it was going to cost, and all of those projections were never delivered, so the reason we don't have fusion today is because governments couldn't pony up the massive capital expenses that it required. Now, in reality, that expense was smaller than many other things governments were spending on, so it was extremely short-sighted. It was, again, one of these problems after the Cold War kind of waned to some extent. People were no longer investing in this kind of far-reaching thinking. Now, when you think about all of the budget for fusion and you compare it to modern-day digital home entertainment, we as consumers are paying dramatically more for home movies than fusion, and so we're being extremely short-sighted. But what's happening is that we lack the structures to be able to invest in our future. We don't have a way to ask a species, as humans, as individuals and groups, be able to invest in that long-term future. That's a problem in our economics, and we need to fix it. The good news is we have crypto-economics today. You don't have to go and create new types of structures and so on in an extremely difficult way. You can build them out of smart contracts, deploy them to these networks, and scale them, and that's extremely, extremely promising. It means that you can build totally new economic primitives, totally new ways of organizing large groups and organizing industries out of smart contracts. That's an extremely interesting way of upgrading these kinds of problems. So I'm a strong believer in the potential here. I think that this is one of those things that is early today. I think my sense around all of the economic primitives that are being explored is that it is as impactful as crypto itself, meaning when Web3 was first starting, when the first blockchains were appearing, it feels a lot like the new primitives that are being talked about today. So I'm really hopeful that in the next 5, 10 years, we're going to be able to experiment with a lot of new structures and scale. And we designed a lot of the structures around protocol labs itself with this in mind. Now, again, I encourage you to check out Funding the Commons and other groups for this. A couple of small plugs. One is there's a very interesting set of financial primitives for doing climate change corrections. Being able to decarbonize the planet will likely come from the legibility that Web3 gives us. It gives us the ability to create many more and more interesting and verifiable financial instruments for causing improvement. And there's also groups experimenting with full retroactive impact markets where you're able to create impact markets for actually having significant positive impact on certain goals. So all of this is super interesting. Now, I'll briefly mention something that is becoming more and more of a topic across our network and that more and more is capturing a lot of the attention of many individuals in our community. We need to get to a spot where we can develop the new interfaces of computing much more safely. Things like augmented reality and virtual reality are going to come sometime soon. And billions of humans are going to be spending a huge fraction of their life in those worlds. So it's important that those are open and permissionless networks. That they're not locked down and siloed the way that the current social networks are. It's also important that we transition to things with great computer interfaces with an eye towards the best outcomes in the future. Robotics is around the corner as well. For many decades, the hardware was well ahead of the software. And nowadays, the software is improving so fast that most of those problems will likely be solved in this decade or the one after. And so that means that we might start seeing larger and larger scale of robotics being deployed. This is one of those cases where people mis-underestimated how difficult software was. People talked about robotics in the 50s and 60s. The hardware was... The hardware and software were both bad. People focused on improving the hardware. The software was way too hard. And it took us up until now to get those improvements. But we'll likely see more and more and more of this. A kind of nightmare fuel type of thing is go watch the really fun and happy videos about all the robots dancing and so on. It's both really promising because those things could be extremely useful to save lives around the world. But any kind of dual-use technology worry about what misuses might happen in the future and build those technologies with safety mechanisms to prevent those kinds of problems. Now, the big ones... The timelines are extremely unclear. And what some of us do is to try and update based on latest evidence and so on. In the past, I used to have the two diagrams flipped here. I used to have BCI coming sooner than AGI. That has changed in the last five years. The improvements in AI are extremely significant. And most experts in tracking the requirements for building something like an AGI have now updated their assessments. And the kind of scary thing there is most groups think about something like AGI being possible between five and 15 years. That is an extremely short timeline. We haven't yet figured out AI alignment, so that's a problem for us to figure out. Now, these later things, like the economic and governance systems and these other interfaces are a small fraction of what our community works in today. But that's growing and growing over time. I've seen many groups starting to shift their attention. But it's very important that we continue the mission on what I think is critical as soon as we can, which is to secure the Internet and establish digital human rights. Locking that in place first is going to mean a tremendous set of improvements for the world. Now, that said, if you do pay attention to these other interfaces, getting a significant good result in the AI alignment problem might potentially be one of the most impactful things that you or anybody else in the world could do right now. So, you know, definitely want to strongly encourage people to check that problem out specifically. The other interfaces will take longer, but I think definitely AI alignment is highly critical. Now, I want to talk about how we drive breakthroughs in computing in our network. At the end of the day, the way that innovation happens is by mixing science and technology. Science is the way that we expand what we know, think of it as a process by which we as a species expand the knowledge that we have and we increase what we know, individually and as a group. Now, the scientific method is often seen as like the hallmark of science of course, like how an individual in a small group gets to discover a new scientific concept. But I think the larger scale impactful thing is the structure around the scientific method that enables that structure to scale to the entire species. Being able to have a process that integrates our thinking around the world and gets to drastically better improvements along the way is what has given us that, you know, two to 300 year improvement rate. Most of our success comes from important scientific discoveries that were then translated into technology. So the other side of the coin is capability expansion. Technology expands what we can do as individuals, as groups, as a species. And technology development is long and expensive and it involves what is described as science to technology translation. But in reality, I think these two are two sides of the same thing and they should be thought of as an integrated system. In the last few years I've been talking about this innovation custom that sits between these, where you have two incentive fields, one from reputation in the academic world and one from technology development through corporations and broader markets. And they don't quite intersect. Maybe when interest rates are low, they tend to touch. But certainly, in many cases, in many fields, it is just not profitable to work on translating improvements. There's tons of important technologies or things that have been conceived that sit in scientific papers. We have an abundance of great results. But the bottleneck is in between science and technology building. That's the key part. And it's scaling that it's going to let us cure more diseases faster and so on. Now Bell Labs is a huge inspiration to a lot of us in our network. It was an amazing hive of invention. It was responsible for so many of the technologies that we now take for granted. And they understood the translation process extremely well. The way they modeled it was as a full R&D pipeline, starting with research with small groups, but where the bulk of the work happened was afterwards in what they called fundamental development, productionization, production, application development, and then later on operating the business. Although most of the academic credit happened on the important discoveries like the laser and the transistor and the solar cells and so on, and usually most of the attention went to the few people that kind of had that conceptual breakthrough, the vast majority of Bell Labs work sat downstream of that moment. They understood that innovation actually happened later. They described innovation as actually getting a conceptual result into being developed into proof of concept, into devices, being put into a product that was delivered to the market. And they said that if you hadn't sold something at massive scales, you had not yet innovated. So I think it's really important that if you work on these far-reaching projects, these important scientific breakthroughs, these technological developments, you have in mind this whole pipeline. If you don't get it all the way out into the market, it doesn't matter. Or maybe it matters, but it doesn't matter as much. If you don't make sure that people can actually use and benefit from what you're building, it won't have the impact that you foresee. Most of the staff at Bell Labs focused on the broader downstream impact and it was only a small fraction that worked on the early stuff. Now, at PL, we think about this as the broader R&D pipeline. And we think of these five stages, research, development, productionizing, production and scaling. Research is where we think about new ideas, new targets, new possibilities. Development is where we refine those into particular projects. We test out many things. We build proofs of concept. Once those proofs of concept can be ready to be put into a system, we tend to productionize those. We tend to reduce the cost of operating them, the cost of building them, and we start fitting them to applications, fitting them to products. Once we're able to turn that into a project that people can use, we get to making a thing that finally people can download and use or use over the internet or something. And that's kind of production. From there, once you have released it to the world, you start an adoption loop and you get to scaling. When you think about the innovation chasm, think of the realm of startups as kind of in the last part of productionizing and getting to production and scaling. When you think about an early-stage startup, they're kind of in the productionizing phase. You will hear many VCs talk about how they don't fund research projects. What they mean is they don't fund research or that early fundamental development. The word development is tricky here because it could apply to everything. We're really talking about this in-between spot where it's very difficult to go through to something that's going to fit into a product. That's where there's very few projects and very few teams working and where there's the lowest incentives to work. One other important piece here is that it is not a linear thing where one project turns into scale. In reality, one single idea will yield many possible paths, many different projects, many approaches, and of those, only one of them often will end up working out. From there, you try to productionize in a variety of ways and only one of those will tend to work for a few. And then once you have many attempts, there will usually be something like 5 to 20 startups working around the same idea, and eventually one or two will win. So this is a pretty large pipeline that involves tens to hundreds of teams working on the same idea across a 10 to 15-year time span. So when you think about large-scale R&D, what the world will benefit from is a large open network that enables as many groups as possible to give it a shot. What we benefit from is going from ideas to production as fast as we can. And the current IP structures, the current ways in which groups and companies tend to operate, they tend to try and hold back other groups from trying the same thing. And that's a mistake. What we want as a group is to, we all benefit, game theoretically, from speeding up the pipeline. So we should be thinking about new forms of IP that are more open source embeddable, new funding structures that can come into the pipeline here. So the last thing is how do we accelerate this R&D with an innovation network? I tend to describe PL as a large-scale innovation network that relies on open source. And though open source has been with us for a long time, we've always been kind of struggling between this kind of alphabet model, which is kind of like one company directing things, which is the YC model, which is a more open network built on investing. And of course, the crypto network model where you have a fully open structure. And this, a couple of years ago, I put this slide together comparing these, and these are back of the envelope figure, so most of them were probably wrong now and shifted. But what's extremely salient is that, to me, was that YC has had a dramatically larger impact on development, on extremely hard tech and bio and so on, that alphabet and X and so on hasn't. YC was started as a SaaS accelerator and eventually opened up to support and help grow tons of other organizations and companies. But the fundamental difference was the approach in the structure. The way in which it helped and supported groups of many teams to take on their projects and being okay funding the same groups doing similar things over years, being okay supporting everyone equally, being able to be supportive of all groups, ended up with a dramatically higher impact over 10 years than Affiliated. So this is extremely promising and has been super inspiring to us in how we think about broader R&D. So that's the R&D pipeline. And one final thought about VC. The VC model is extremely profitable and the key thing here is that it's able to invest in early stage startups that have 100 to 1000 X returns as those startups turn into companies. Now everyone famously talks about how this portfolio approach is extremely risky. You have to invest in hundreds or thousands of companies for a few of them to really have those big results. If you can do this well, you can scale this and make it an extremely profitable structure that you can then bring in to fund the early stage R&D. Now, as I talked about before, the most successful and valuable long-term companies actually start way earlier than most VCs invest. So the earlier stage stuff, things like SpaceX and Tesla are much more valuable long-term, things like, say, Bitcoin or Ethereum early on were like that. But those systems are way riskier and much more complex. So you have to change the approach. The current VC's model doesn't actually work for that early R&D. It's way too risky and way too long-term. The VC model thinks about 10 years. This is really like a 20 or 30 year time horizon. So the way that we're thinking about PL in the future is to be able to take this innovative loop around VC with startups and be able to flow the cash model into those earlier stage projects to be able to reduce the risk of those areas and make those kinds of things highly profitable. Now of course we want to do this in a highly advanced environment where as many groups as possible can help each other. One of the exciting things here is that with crypto we might be able to think of new innovative IP structures to help get everybody to open source even when they're working on super early stage R&D stuff that is extremely expensive. Now concluding PL is this innovation network with a full R&D pipeline with a world-class community with very open source of this crypto and VC business model that enables us to create, support and grow projects so that we can drive breakthroughs in computing and push humanity forward. Thank you. Hello everybody. I hope you're having a fantastic lab week so far. Good? Amazing. My name is Molly McKinley and I'm excited to give you a quick overview of the projects in the PL network. Protocol Labs is an innovation network that starts supports and grows breakthrough computing projects at the foundations of the Internet. These projects power a thriving network of companies and teams across the PL network working on everything from decentralized storage to private offline collaboration to Web3 content creator networks. We'll hear deep dives on IPFS and Filecoin in a minute but first I want to highlight three other projects at the foundations of Web3 innovation and development. LibP2P is the modular networking stack of Web3 used by many blockchain networks and peer-to-peer applications for content discovery and routing. This year, LibP2P powered networks have grown massively. LibP2P is now powering over 300,000 IPFS nodes, 4,600 Filecoin storage providers, 5,500 Ethereum 2 consensus clients powering over 450,000 validators and 112,000 parachain nodes across the Polkadot ecosystem. Test ground provides large-scale interop and regression testing for peer-to-peer networks. It has been critical for debugging and improving the IPFS-Cademia DHT implementation through 100,000 node simulations and it now runs automatic integration and regression tests on each new PR in Rust and Go LibP2P. Support for automated browser testing with JS LibP2P is coming soon thanks to Little Bear Labs. Finally, DRAN is the distributed randomness service that powers Filecoin with verifiable, unpredictable random numbers. The DRAN network is run by the League of Entropy, a community of over 15 organizations that collectively provide an unbiased source of public randomness with no single point of failure. This year has seen amazing new adoption and growth. Cryptosat is working to bring DRAN nodes to space, making this unbiased randomness service truly out of this world. DRAN is also unlocking new capabilities like Time Lock Encryption which allows encrypting secret messages to be revealed at a specific future moment in time. You can also harness DRAN randomness on Polygon, Moonbeam, Arbitrum, Phantom, Solana and many more thanks to DIA and Noise. These are just a few of the many projects being built in the Protocol Labs Network. Stay tuned for more updates throughout Lab Week on their awesome progress and adoption. Now we'll hear more about IPFS and Filecoin. Hello. It's my pleasure and an honor to talk to you with Mosh about IPFS today. IPFS is the content distribution layer for Web 3 and the future of the Web platform. With a storied history of serving critical use cases and seeing continuous adoption over the last seven years, today, IPFS is solving problems the way that no other protocol can. From live video to private messaging to, let's be honest, serving almost all of the NFTs. The IPFS network has peaked at over half a million nodes and the IPFS gateway is serving over a billion requests per week sometimes. A billion. Can I get a huge round of applause for Mosh? I'm so excited to see this happen. Well, we've got a ways to go. This table is getting slowly more green over time. This is a progress we couldn't have imagined three years ago at IPFS camp where a bunch of us got together and it was a huge turning point for the project where we met a bunch of new builders, learned about a bunch of different types of IPFS . Mosh. A funny word has started popping up in IPFS this year. Kubo. What is Kubo? For a really long time, IPFS had a single reference implementation called go IPFS. It turns out when you use that naming format, you crowd out other possibilities. And then we landed on the name Kubo which, you know, it references cube. It's got a lot of interesting possibilities there and really excited for go IPFS to transition into Kubo because this is part of a bigger movement. So a year ago IPFS had about two implementations. Go IPFS, JS IPFS. Today I'd call it much closer to eight just in a year. And these new implementations are being written by new teams outside of Google where you want to conserve battery power more than you want to rebroadcast the DHT all the time maybe or highly scalable cloud environments. And so this is a real Cambrian explosion in what it means to be an IPFS implementation. And it's going to give users and builders a lot more options in languages, run times, different software architectures and lots more. So we have a big announcement on this topic coming Friday at IPFS camp. If you want to learn more, be there. And this all culminated in an implementer summit in July called IPFS thing. It's a real turning point for this phase transition of the IPFS project to many implementations. The videos are fantastic. You can catch them on YouTube. And I think the best thing was reminding us how powerful it is and how magical to gather a community of builders who are solving the same problems together, exploring new possibilities. And so we're going to do it again at the end of this week, bigger and better. And I'm going to be back right here at this incredible venue for the second ever IPFS camp, the gathering for the whole IPFS community. Devs, operators, implementers, researchers, users, curious people and you. So we need to take that GIF again, but with way more people. So grab a ticket and see you there. Thank you. Hello, everyone. I am absolutely delighted to stand in front of you today and present just a few of the IPFS projects. We are going to be talking about the IPFS project, specifically how the community is helping Web3 cross the chasm into mass adoption. So as many of you in the room know, Filecoin is a crypto powered storage network whose mission is to create a decentralized, efficient and robust foundation for humanities information. Simply put, today, Filecoin is the scalable data storage layer of Web3. Filecoin is 99% of the storage capacity, 95% of the storage utilization and the platform of choice for developers all across Web3. But that falls well short of the ambitions of the Filecoin community for the project. We're all here to accelerate the transition from Web2 to Web3 and onboard billions of people onto Web3 infrastructure, really instilling trust in internet interactions. And the only way to do that is to have Web3 storage and compute meet the scale requirements for Web3 and be able to onboard and handle Web scale type applications. Think like YouTube, Twitter, Twitch, etc. And so while today, Filecoin is the data storage layer of Web3, we have a master plan to make it the data storage layer of the entire Web at large. And that master plan falls in three steps. Step one, build the world's largest decentralized storage network by deploying hardware all over the world. Step two, onboard and safeguard humanity's data as much useful data as possible. And step three, bring compute to the data to enable Web scale type applications that can accelerate the transition from Web2 to Web3. So I'll step through just a few of these today. In step one we have largely achieved this. Throughout the Filecoin network there are 4,000 storage providers in 44 countries providing 17 expobytes of storage capacity. I mean, give yourselves a random applause. This is an unbelievable achievement. It took AWS, Google Cloud, and Microsoft Azure six years in the early days of the crowd to achieve what Filecoin has achieved in its first year alone. And this is now bigger than many centralized storage companies that are still in the open to the public on the markets today. While we've been in a bear market in 2002, network power continues to grow. It's grown 37% in 2002 with North America exhibiting the fastest growth at 89% this year with other countries like Korea and Singapore and Hong Kong that are following short after. And we now have top tier hardware vendors like Seagate, AMD, and SuperMicro in with reference architectures and leasing programs. And we're starting to stand up accelerator programs all over the world to really teach the next realm of Filecoin storage operators to join the network. So that's step one, build the largest decentralized storage network. Step two is to onboard and safeguard humanity's data. And we've made a tremendous amount of progress this year. This year, there is almost 260 Peba bytes of live data across 10 million active deals on the Filecoin network. That means we're onboarding storage at 2 to 3 Peba bytes per day, which really makes this the largest decentralized storage network by far, and again, larger than some of the centralized providers that exist today. The amount of data onboarded in 2002 so far this year has 8.5x. That is a tremendous amount of growth. We're still seeing 25% growth every month on data, and that's coming from 1,000 unique clients that have uploaded data to the platform. These are aggregators or major data sets and major clients. Now we're doing this with two major incentive systems. One is Filecoin Plus, which is an underlying economic structure that makes it incredibly cheap to store data on the Filecoin network. And two is large-scale data onboarding platforms that really target specific user segments. One example of that is the Web3.storage and NFT.storage platforms, which together aggregate 80,000 users, storing 140 million uploads since April of 2001, growing at 30% a month over a month. So this is just one client of the Filecoin network, but it aggregates a whole bunch of users beneath the surface. There are hundreds of large data sets stored on Filecoin, and this includes massive-scale data science and public government data sets. Examples include the neutrino data sets from UC Berkeley and the New York City public open government data that's being stored on Filecoin today. And of course, there are over 500 startups that are building on the IPFS, Filecoin, and PLN ecosystems, and it's becoming the default developer choice for developer tooling and storage on the decentralized web. Finally, step three, bring compute to the data to enable web-scale type applications. And this falls in three major initiatives that we're focused on in 2003. First is the launch of FEM, User Smart Contracts and Programmability on Filecoin, which is a huge deal. FEM is compatible with the Ethereum virtual machine and will basically help a whole bunch of new use cases come to Filecoin today, including things like perpetual storage, auto-renewing deals, a multi-billion-dollar DeFi economy, and much, much more. Testnet is actually live today, and this goes live on Mainnet in Q1, so we're super excited about FEM. Two is large-scale computation over Filecoin data. This, you can almost think of this, you know, having many L2-type compute networks that join the Filecoin layer one, and what this really enables us to do is enable massive Web2-style applications to finally make the transition of Web3, especially ones that require a tremendous amount of processing of data under the hood. Think like Twitter or Twitch or YouTube. And finally, we need to scale the blockchain in general. Hierarchal Consensus is a major consensus breakthrough that's coming in 2023, and that really enables us to move from hundreds of transactions per second to billions, or even trillions of transactions per second over time. So this will enable a huge level up in the scaling of the blockchain itself, enable massive-scale data science and web-scale web applications on the Filecoin network. So that is the Filecoin master plan. On-board, build the world's largest decentralized storage network, on-board and safeguard humanities data, and bring compute to the data to enable web-scale applications. Today, Filecoin is the scalable data storage layer of Web3, but together as a community, we're making it the scalable data storage layer of the web at large. Thank you very much. Hello, everyone. I'm excited to dig into the deep research and development work at the heart of PL's computing breakthroughs. Innovation in the PL network spans the research and development pipeline, and helps grow many early research projects into full-fledged production networks. There are a number of projects in the PL network in early-to-mid research stages, where ideas are being developed and de-risked, building into open test nets and nascent new networks. Projects graduate from research into active development, launching alpha releases and attracting early adopters. The Protocol Labs network also has many products in the active productionization phase, gaining their first 100,000 users and iterating on their development success. And finally, a number of PL network projects have reached active production with millions of users and scalable business models. As you can see, there are a ton of projects actively crossing the research and development chasm thanks to the PL network. We're going to deep dive into a number of these R&D breakthroughs in a moment. But first, I want to give a quick overview of a few other breakthroughs actively crossing the chasm. LERC is a turn-complete programming language for ZK Snarks. This Lisp-like programming language allows verifiable computation over private data or in zero knowledge. So you can unlock distributed computation without sacrificing privacy. Zama brings fully homomorphic encryption to Web 2 and Web 3 networks, enabling compute-over-data to generate insights and power personalized applications without ever decrypting private data. BakaLow is a decentralized compute-over-data network where each node participates in executing computing jobs submitted to the cluster. BakaLow enables users to run arbitrary Docker containers and Wasm images against data stored in IPFS and Filecoin. Verifiable delay functions are cryptographic primitives that allow efficient and trustworthy time management measurement and verification. The VDF Alliance is now sending its first VDF ASICs into production, shipping later this year. Now to dive deeper into all of the research breakthroughs and vector commitments. Hello everyone, it's Nicolas and I'm the lab lead for CryptoNet. CryptoNet is an open distributed research lab that is working on applied cryptography, protocol design to improve all the crypto networks that we've seen before. We go end-to-end in the research pipeline. We start from fundamental research, deploy protocol improvements and launch products. We have over 60 collaborations, 15 research grants, most of our projects land into Filecoin improvement proposals or research papers. Today I want to talk about a problem that is very early in the research pipeline. It is vector commitment. A problem like this one requires a large amount of external collaboration and several years to solve. Vector commitments are like a better form of miracle trees. They could get us better proving time, better proof size, aggregatable proof and more importantly GPU cost reduction. And our main goal was to massively reduce the hardware cost for Filecoin proofs. But a problem like this has massive ramifications. It could get us better verifiable computation over large datasets that could improve projects like compute over data, lurk and even new possibilities like verifiable databases. And most importantly, we can use it to export the Filecoin chain into other chains. This could allow us to export storage across Web3. A problem like this one starts with writing down a list of open problems and distributing this as much as possible. Then we selected over 20 people to participate in our reading club and we run several events with over 120 participants. One in particular was the vector commitment day, first of its kind in the industry. Finally, we award research grants which were very successful and we work with several collaborators amongst which the Ethereum Foundation and we work on several attempts before coming up with the final solutions. We had five different vector commitments that unfortunately were not practical. We even found an impossibility result that told us that there were paths that we cannot take. Finally, we worked on Colk and Mathets which right now are just paper names but the future is bright. It's the first time that we feel comfortable with the vector commitments that could be deployed to replace Miracle 3 and there is a full plan next year, eventually by the end of next year to get it integrated into Filecoin. That's it. Thanks a lot. Hello everyone. I'm going to talk about Consensus Lab and its flagship project interplanetary consensus. So Consensus Lab is one of the newest groups in Resdev form like 15 months ago and our goal is basically what we research is any problem that's related to consistency, availability, trade-offs between them that arise in distributed computing applied to essentially blockchains and decentralized world, this is what we research. And our focus is on Consensus, for example, total order broadcast. So why is this important? It's because Consensus is the bottleneck of decentralized computing and blockchains. So if you think about Bitcoin, it has limited throughput, let's say seven transactions per second, Ethereum is radically better but whatever consensus protocol you put and it's dependent on their consensus protocol. Whatever consensus protocol, ideal one you come up with, it's going to be a bottleneck at some point if it runs over every validator and every validator executes every transaction. So it's easy to see, right? And essentially, if we want to bring whole web two to web three, we need something else. We need horizontal scaling and we need improving these consensus protocols while we essentially retain decentralization of security of these robust protocols that are slow. So this is what we are researching essentially. So these are some web three requirements. So we are aiming to go to billions or trillions transactions per second. We need to be careful about latency. So it's a bunch of trade-offs here, right? And we want eventually to also be secure against nations data attackers. So we have many conflicting requirements here that we are trying to research, right? One of them is this horizontal scalability and demand-based throughput. And this is what we address in our flagship project, which is interplanetary consensus. So these are roughly three areas that we focus on. So horizontal scaling, efficient subnet consensus, and parallel execution of smart contract. And we are focusing on FVM for clear reasons. So how does IPC work in a nutshell? So you will have ability next year to go from the Filecoin mainnet basically to do some smart contract invocation and to launch a separate blockchain on which you will be able to cater better for your use case. For example, I have Saturn depicted here for retrieval markets, but it could be anything else. And if you want even faster performance on a data center scale, you can spawn a subnet of a subnet. And each of these subnets checkpoints and uses the security of higher level blockchain for its critical data, be it the state outputs or inputs, we are currently working on state outputs. And you can basically do this in parallel. So I'm here having a metaverse gaming example and you would be able to tune the consensus protocols to suit, for example, the latency, different latency requirements of these different networks. So to power this, we have the mere BFT consensus framework which implements consensus protocols on these subnets. And essentially we are going to implement IPC very leanly with two FVM built-in actors. So this is like roughly in one slide, basically how IPC works. This is our roadmap. We have a space net, our main test net launching end of this year. And the next year is reserved for interplanetary consensus on the space net with the go-to-go to Filecoin mainnet in Q3. If you want to learn more about all of this, come to on Wednesday Consensus Lab Summit. This is Timeout Market and we'll go in details into all these things. Thank you very much. All right, hello everyone. My name is Raul and I'll be talking about the Filecoin virtual machine. So by this stage, you will have heard about the FVM, but just for those who haven't, just to recap, the FVM project delivers on-chain programmability to the Filecoin network. This is a big deal because it enables developers for the first time to customize what the Filecoin network can do for its users besides storage and retrieval. For the first time, developers get to build not with Filecoin, but on Filecoin as a platform. And these are just some of the apps and use cases that I'm particularly very excited about. Data dows, liquid staking, under collateralized lending, decentralized compute, and a lot more is possible with the FVM. On the technical front, when we conceived the FVM, we envisioned a system that could host multiple runtimes and serve as a seamless conductor between them. We drew inspiration from hypervisors, the actor model, and the Linux kernel. So this is what the FVM looks like today. It is based on WebAssembly. It can power multiple runtimes, like the EVM, Secure ECMAScript, and more. Each actor runs in isolation and can escape its sandbox through SysCalls, inspired by the Linux model. All data is managed, and all data managed and exchanged is IPLD data. And it supports foreign addressing and foreign signature schemes. It also performs gas accounting and execution halt by instrumenting the Wasm bytecode. We expect many of these ideas will actually make it onto IPVM, which you'll hear about in a few minutes. Now, shipping the FVM itself is a hard engineering endeavor, as it transforms the entire execution layer of the Filecoin network. This is why we're delivering the FVM in stages. Earlier in July, the SCUR upgrade activated in Filecoin Mainnet. Yes, you heard it right. The FVM is already powering Mainnet as of today. But it is not programmable yet. And this is what we're working on. We're working on programmability in the M2.1 milestone. The first runtime we're shipping is the Filecoin EVM. We also call it FEBIM. This requires deep protocol developments, like a whole new address class, a count abstraction, and on-chain events. And on-chain events. We've implemented the Ethereum JSON RPC API in Lotus, which makes all of the Ethereum tooling compatible with Filecoin immediately. This allows Filecoin to meet existing Web3 developers where they are today. You can reuse all your existing knowledge of languages like Solidity and UL, libraries like Web3.js and Neethers, and awesome tools like Truffle, Hard Hat, Foundry, and Remix. The Wallaby Testnet is our bleeding edge testnet. And it is already live. So you can start building on it today. We will be running several hackathons in November. And the FEBIM itself should reach Mainnet by February next year. At that point, we will move our focus to Wasm Actors and further protocol improvements. And guess what? Just before we arrived to Lisbon, we shipped a major release to the Wallaby Testnet. And we conducted our first ever Metamask transaction. So if you're excited to build on FEBIM, you should join the FEBIM Foundry by following this link. There are more than 100 teams and builders that have registered, and we're excited to have you too. And these are just some of the things that past early builders have already built, SDKs and Go, assembly script and Rust, as well as playgrounds to get started quickly. And here is what early builders are building today, some open opportunities and some open protocol problems. So if you see any of these actually catches your attention, come speak to us. Most of the FEBIM team is actually here on site. These are our faces. So come find us and say hi. And before I go, I'd like to invite you to the FEBIM Open Hack Day, which is happening on the 29th of November in Adgarajem in Jardim, Novdabadil. We hope to see you there. Thank you very much. My name is Boris Mann. I'm the founder of Fission. I'm here to tell you about IPVM, the Interplanetary Virtual Machine. So what do we even mean by IPVM? We have a lot of IP acronyms these days, and we have no sign of slowing down. So for starters, this means adding a blessed virtual machine web assembly into every IPFS node. Like data, compute should be ubiquitous. Building on this foundation actually enables a number of things across the IPFS network. But for today, we'll focus on IPVM, replacing serverless platforms like AWS's Lambda with open protocols to power the future of computing for humanity. So what does it mean to build the HTTP of compute, to make compute as ubiquitous as what we think of as the web today? We're not talking about static web pages anymore. We're talking about combining and recombining data with compute for the many things that Juan has talked to us today. It means we can do things like take data, compute over it, and then cache it across the entire network, which in turn, other people can compute on top of. It means being able to compute locally as well as remotely instead of having to have pre-negotiated arrangements with the large commercial US-only hyperclouds that will control our future unless we build this together. There's many other projects that this connects in. This is not just us. It's all of us. The Filecoin Virtual Machine, Fluences, Aquamarine, Cloudflare Workers, Baccalaureate, Web3 Storage, and things like the IPFS Function Network. So we'd like you to join the IPVM working group. My co-founder and CTO of Vision, Brooklyn, leads that process. We already have GitHub discussions live and regular community calls. And we're coordinating with the Compute Over Data Working Group. We're growing our team with some great new members who are going to help build this for all of us. But what even is Vision? We're a blue-green team that builds protocols so that other people can build great platforms and products on top of it. It's not just us. It's been amazing the past year to be invited to be part of the protocol network and understand what it means to build together. At Vision, we're still trying to get better at this, but we think this is a phrase that everyone should start adopting. Let's become ecosystem-obsessed. We build a number of protocols, and we move things from research and graduating it to ecosystem projects that many people can build on top of. These are some of the ones that we have in the pipeline. We also have a side gig of creating cute stickers and mascots. So feel free to drop by and get some for me during this week. There's amazing folks that are already building on top of this, both within the PLN and beyond it. You'll hear more later in this presentation how Web 3 Storage is adopting UCan, and we hope it can spread everywhere, connecting our ecosystem better. Web Native is what Vision takes to mean that any front-end developer can take this stack and build on top of IPFS today. We've got a number of things in active development. Today, you've heard about the IPM working group, and we're also having sessions later this week about the Filecoin account working group and private data on Filecoin built by these lower-level protocols. One last thing. I'd like you to invite you all to our first conference on the future of computing. Coastal Islands will take place in Toronto in April 2023. I hope to see you there. Filecoin Storage and Retrieval is actively crossing the chasm from development to productionizing. In 2022, we shipped a number of new products to help solidify the full lifecycle from data onboarding to retrieval. This is at the core of what we work on here in IPFS and Filecoin, and it's super important to actually storing and being a great network for preserving humanity's most important information. In this Filecoin system map, storage requests flow from storage clients to domain-specific on-ramps to storage providers who verifiably maintain storage over time. Retrieval requests flow from retrieval clients to retrieval providers to storage providers and then back, using a network of indexing services to identify where desired data is stored. Retrieval providers offer an additional layer of caching along with improved performance and accessibility. Let's dive into this flow, starting with the on-ramps. NFT.Storage is a simple developer on-ramp for NFT creators, now supporting over 95 million NFTs, 275 terabytes of data stored in Filecoin, and NFT marketplaces like OpenSea, MagicEden, and Rarible. Moving on to the storage provider section, Boost is the new Filecoin markets node and shipped earlier this year in May. It's scaling data onboarding for storage providers and also adding new retrieval transports, including HTTP and now BitSwap, to support easy retrieval via IPFS clients like Kubo. Moving on to the next section around indexing, the network indexer in just billions of CIDs every week, from over 120 Filecoin storage providers and large-scale IPFS pinning services. There are currently six independent indexer mirrors providing accelerated routing lookups to both IPFS and Filecoin content discovery. Retrieval providers have seen the most innovation in 2022. The IPFS gateway added integrations with network indexers and Boost for fast lookup and retrievals across Filecoin storage providers. The ipfs.io gateway has also scaled to over 12 million weekly users and 1.5 billion requests. It's pretty impressive. Saturn is a new Filecoin CDN, already operating 62 L1 testnet nodes with 64 terabytes of data retrieved daily and over one billion retrievals every week. Station is a fill worker node that allows putting spare computing resources to work in the Filecoin network to start earning Filecoin. Finally, highlighting the retrieval clients. IPFS and gateway-powered browsers, like Brave, Chrome, Firefox and more, connect end users with data on IPFS and Filecoin to make sure we complete the full lifecycle from data storage all the way through retrieval. So that's our storage and retrieval lifecycle. There's been a ton of work put into this system helping connect all of the pieces together and make sure folks can have smooth, robust and reliable retrievals over time. Next up, let's hear from the amazing startups harnessing these R&D breakthroughs. Hi everyone again, good to see you. I'm here to talk about some of the startups that are building on within the PL network. We've worked really hard within the PL network for the network to be the best home for builders to really realize their hopes and dreams and bring their web-three visions into reality. And so we strive to be the absolute best partner to founders and teams. In the last few years, hundreds of startups have taken investment and joined the PL network to turbo charge their web-three projects. And this really spans the gamut of investing and incubating a small team or an MVP through an accelerator or a dev grant to supporting startups that have already achieved product market fit and are in the scaling and growth stages of their lifecycle. There are now over 500 total startups in the protocol labs network at various stages of funding. Now it's really hard for me to showcase all of these startups in really one presentation, but I'm gonna try and touch on a few example categories to give you a sense of the breadth of startups that are within the network today. So first, there's a whole class of personal storage applications. Think like privacy preserving, fully encrypted dropbox where users actually own their own data. And this is all built on IPFS and Filecoin. These are apps our mom can use to take advantage of the properties of web-three. Skiff, Chainsay, Fleek are just three examples and they've all raised their series A recently and starting to accelerate their growth into web-two style users. Matrix is also a personal messaging and enterprise collaboration platform that continues to gain steam. Second, 2022 really paved the way for new ground for web-three metaverse and gaming companies. I'm super proud of teams like Mona and Zone for building extremely high quality metaverse experiences on web-three tech and startups like OP Games and Double Jump for helping gaming cross the chasm into web-three. Video and audio use cases are also becoming dramatically easier with startups focused on those problems specifically. For example, Audius is a web-three native streaming and music discovery platform and Huddle is a video conferencing software. Think like Zoom but built on IPFS and Filecoin. In fact, a few weeks ago, Misari switched entirely from Zoom to using Hudlow One for all of their internal and external meetings. Decentralized identity and credentialing is also a super important web-three primitive and several teams have been trying a whole bunch of different and complementary approaches including ceramic, lit protocol, spruce, unstoppable domains. These are super well-capitalized efforts that have raised between 13 and 65 million in the last year and so we're super excited for them to bring decentralized identity into reality. There's a long list of developer tools and crypto networks that are also building in the PL network. I'll highlight just a few including Privy which provides APIs to manage user data off chain. They raised eight million just recently from Sequoia and Celestia, a modular consensus and data network that recently secured 55 million from Bain Capital and Polychain Ventures. And there's a category of startups in the PLN that provide tools to help onboard businesses to web-three including CoinShift that provides treasury management solutions that actually came through one of our accelerator programs about a year and a half ago and Magna that helps alleviate the burden of token management. Finally, we have startups actually launching crypto-focused hardware into space. Think WeatherXM, Cryptosat, Spexy and many others and a whole category of decentralized science startups including DeciLabs and Radex which is an operating system for your lab. So without further ado, I'm gonna call on five of those teams to go into a little bit more depth and present their visions on how to make their projects a reality. Thank you very much. Hello, my name is Manos, I'm the CEO of WeatherXM. In WeatherXM, we're building the fastest-growing global weather station network. We launched earlier this year and we already have 9,000 members in our Discord server and sold more than 5,000 weather stations worldwide. Now, you might think that weather is a solved problem but in reality, most of the world lacks accurate weather knowledge on past, current and future conditions. Governments spend billions every year trying to tackle this problem, monitoring and forecasting weather but weather remains one of the largest challenges of human kinds. So new approaches are needed and inspired by Filecoin and Helium, we adopted their economic ideas, we're utilizing their infrastructure so we're storing weather on Filecoin and using compute from Filecoin and utilizing the network communication from Helium. And we have designed an economic system where weather station owners are rewarded with our WXM token and weather station and weather customers have to purchase and spend our token in order to use the network data and network services. To support this model, we had to build our own hardware, our own weather stations, our weather stations are designed for large-scale deployments, they are 10 times more affordable, they are energy and communication autonomous and they provide cryptographic proof on weather conditions. So our community already benefits from accurate weather forecasts using our mobile app in Android and iPhones and we have shipped 2,000 stations worldwide which are connected to our network and send real-time weather data. We're shipping another 3,000 next month and we are ramping up production to meet the huge demand with a schedule to produce 11,000 by the end of the year. To give you a comparison, NOAA, the U.S. Met Office is operating 14,000 weather stations. So our goals are to build, our vision is to build an open Web3 weather infrastructure and our short-term goals are to ensure the maximum data quality of our network, to improve our forecast accuracy and to provide weather oracle services to industries that can benefit from moving on-chain like the weather insurance one. We're four people from the team here in Lisbon and for the next two weeks, come and find us. We're happy to talk about weather and Web3. Thank you. Hey, everyone. It's awesome to be here with all of you today and to officially introduce TEFRA Labs to the PL Network. TEFRA Labs was started because we believe that the world needs better coordination structures that do a much better job aligning incentives to important problems that need to be addressed. They're already countless individuals and organizations working tirelessly towards solving important challenges and addressing important opportunities for humanity such as ethical AI, education, poverty, and many more, some of which Juan mentioned earlier today as well. But we believe that these are the sorts of challenges and opportunities that are gonna need more complex coordination of many more people than ever before. And at TEFRA Labs, we want to build some of the critical coordination and support structures that will bring billions of people together and enable them to work with unparalleled autonomy, ownership, and impact. Our first project is RADIUS, a decentralized talent marketplace powered by an open user-owned reputation protocol. On the RADIUS network, people own their own work history and reputation and are able to curate these experiences and take them with them as they move forward into future opportunities as well. They're also naturally incentivized to make sure that their working engagements are successful. We launched an early version, an early MVP of the RADIUS front-end earlier this year, and we're proud to share that to date we've been able to support more than 50 contributor teams contributing to dozens of grant-funded opportunities throughout the IPFS and Filecoin ecosystem. Some examples of RADIUS grantee work includes new software to support petabyte-scale Filecoin clients. Shout out to the Singularity team. Also implementing various IPFS requests for measurement to support the Problab team as we try to bring more observability to the IPFS network. And also engineering roadmaps and specs to be able to sync and store blockchain state and transaction history across many different L1 and L2 chains to and from IPFS and Filecoin and many more projects as well. As we look ahead, we're piloting a number of new initiatives to bring new contributors into the PL network and eventually other ecosystems over time. We recently announced the RADIUS Fellowship, FBM edition, which is a six-week engineering fellowship to train builders on how to build robust smart contracts with FBM. And next year, we're gonna be launching the RADIUS Reputation Protocol, which will allow builders to curate Web3 native credentials, develop professional profiles and portfolios, and eventually get access to a huge host of new funding opportunities. As we go, we're looking to onboard new ecosystems and also to support developers in building applications on top of the RADIUS protocol, especially those that need to align talent, capital, and ideas. We're currently a small but mighty team, and we're fortunate to have the support of many incredible advisors, mentors, and collaborators on this journey. And just on a more personal note, I'm personally so humbled to see this network as it's grown over time, to see just all the impact that we're super excited to generate, and just really grateful that TEPR Labs gets to help this network grow as we move forward. Thank you. I would like to build anticipation on the entrance. Hello, everyone. My name is Clara Tao. This is Megan Kilman. And together with Marta Belcher, we make up the management committee that run the Filecoin Foundation. Today, we are standing in the Comet De Beato, which was a center of centralized religious knowledge back in the 15th century. And with the rise of decentralized services like Gutenberg's printing press, knowledge was decentralized. And here we are gathered today to decentralize knowledge on the Filecoin network to preserve the integrity of today's web. And so since the beginning of the Filecoin network, it was envisioned that Filecoin would have a governance body called the Filecoin Foundation that was modeled similarly to other open source foundations like Mozilla or the Linux Foundation. And the goal of the Filecoin Foundation is to empower the long-term sustainability of the Filecoin network and to make sure that it is fair and has adequate governance for all the builders in our community. We also have a sibling charitable nonprofit arm called Filecoin Foundation for the Decentralized Web, which is working to preserve and uplift all other decentralized services on the web today. As you can see behind me here, we are here in Lisbon and we are hosting a ton of events. You may have already seen some in the schedule this week. And we have an incredible events team and an incredible community that have worked so hard to make these events happen. Earlier this year, we launched the Filecoin Orbit program, which includes over 70 ambassadors all around the world that have hosted over 57 events across 20 cities. We also will be sharing a bunch of photos up here from other events throughout the year, including Davos. We have here Filecoin Singapore that just happened. We will have photos for Filecoin Lisbon and also Filecoin Austin that took place earlier this year on the backbone of Consensus. And of course, we hope all of you guys will stay October 30th through November 4th for activities at Filecoin Lisbon and also Web Summit. Our mission, as mentioned before, at the foundation is to preserve humanity's most important information. And one thing that I'm so excited to share is we just announced an initiative called the Public Data Commons to really preserve humanity's most important public open data and also government data sets. Earlier this year, we worked with the City of New York and their former CTO to upload a number of open data sets onto the Filecoin network. And just last week, we announced a partnership with Internet Archive on their Democracies Library Initiative, which you'll hear about more later this week, which is to upload even more open data sets on Filecoin. We are so excited to do this and much more. Oh. I didn't click too far. There we go. There we go. Great. One of our most exciting projects, one of the projects I am personally most excited about is a partnership between the Filecoin Foundation and Lockheed Martin to put IPFS into space. IPFS, of course, stands for the Interplanetary File System and has always been part of the vision for this technology that it could operate in areas with low connectivity over long distances. Today's centralized Internet wouldn't work in space because you have to draw data from a location-based area on Earth. In fact, if you are on the moon, just imagine it, every time you click, data would have to be retrieved from a centralized server on Earth with a multi-second delay. As someone who nearly caused an international incident with slow data speeds on my flight yesterday, I can tell you how much this would not work. With IPFS, the data doesn't have to go back to Earth. It would draw from the source that is closest to it because it is drawing from the content, not the location. It would eliminate the delay, and we're super thrilled that the Filecoin Foundation is partnering with Lockheed Martin to make IPFS part of the infrastructure for the future of the space economy. Two other programs that I'm very excited about is the Filecoin Foundation, as the long-term stewards of the Filecoin Network, have two programs that are really vital to the long-term health and growth of the network. Filecoin Plus is a program organized by the Filecoin Foundation that helps incentivize the storage of real useful datasets on the network. And today, the Filecoin Foundation is responsible for bringing on more than 150 Peppuvites of data onto the network. The Filecoin Foundation is also responsible for facilitating the governance structure of the Filecoin Network. So we do this through the Filecoin Improvement Proposal System, FIPS, and also the FRCs, the Filecoin Request for Comments. And this system allows anybody in the network, anybody in the Filecoin community, to participate in changes to the core protocol. The Filecoin Foundation has also been growing. We've grown exponentially over the last two years. We now have more than 50 full-time staff. And in addition to our staff, we have a completely amazing board of advisors and directors. Just a few of the people involved, Brian Balendorf, who wrote Apache, Kristen Smith, who's the executive director of the Blockchain Association, Joe Lubin, one of the co-founders of Ethereum, Brewster Kale, founder of the Internet Archive, Nicole Wong, former CTO of the United States under the Obama Administration. We've been incredibly thrilled to bring in such a fantastic group of people to the Filecoin Network to work with the Filecoin Foundation. Of course, this is just the tip of the iceberg of our work, and we're really excited to share more about what we've been up to. And so come to Phil Lisman next week. You're all already here. Come get your sought-after corgi before they run out. We're really looking forward to telling you guys everything that we've been up to. And so on behalf of myself, Clara, Marta, and the whole Filecoin Foundation team, we're super thrilled to be here, and we can't wait to see you at Phil Lisman. Hello, my name is David, and I'm the CEO of DAGhouse, a startup incubated in protocol labs and soon spinning onto its own independent entity. DAGhouse builds the Web3 storage platform, NFT storage on top of it, and Elastic IPFS, a cloud-native IPFS implementation. The Web3 storage platform has grown massively in the last year, now with over 170 million uploads available over IPFS-instored in Filecoin deals. Most of this growth has come from the NFT space, though more recently continues to accelerate outside of it. W3Link, our HTTP gateway, has also grown a ton since launching in March, now with over one billion weekly requests. This is from users like MagicEden, magnifying end-user usage. The Web3 storage platform is solving a problem we're all familiar with. Traditional cloud providers are incentivized and designed to lock you in, undermining the potential of applications to truly solve user needs. Our users love the Web3 storage platform because it breaks down data and identity silos found in infrastructure today. By unlocking the data layer, our users can implement any application architecture they can dream of. Our platform consists of complimentary products across storage, CDN, and naming that take decentralized protocols and make them super easy to use. Users pay five to 10 cents per Ghibli bag stored per month, depending on their use case. Uploads are encoded on the client's side into DAGs to keep things trustless and car files of these graphs are uploaded to our service. Our service stores multiple copies of these car files from our hosted Elastic IPFS solution to make things available over public BitSwap, in W3Link for fast reads from our gateway, and in Filecoin deals for verifiability, and as we learned today in the future, much, much more. This year, we've come a long way, simplifying our infrastructure, going from running two free onboarding ramps for data onto Filecoin on completely separate infrastructure to running a single full-fledged developer platform that we can build a business around. It might sound basic, but growth in the past year has largely come from providing the read and write reliability and performance that users have come to expect. For instance, on the left here, you can see upload latency issues that we were having at scale. And on the right, how deploying Elastic IPFS in production really turned performance around, accelerating growth. W3Link was also a huge growth driver, launching and iterating on it with its design providing fast reads while maintaining decentralization. Okay, sorry. And then, what are we up to lately? Well, this week, we're super excited to share with everyone the beta of our new upload API that's UCanbase. You heard about UCan from Fission earlier. This API, W3UP, will easily let developers build serverless and or user-centric applications and plug in copy and paste front-end modules for immediate integration with Web3 Storage. We also are busy at work optimizing our cost space and passing on cost savings to users. Sorry, it's a little bit out of sync. All right, I think this makes more sense. Yeah, we're busy optimizing our cost space with IPFS eliminating lock-in. We can give users the choice of where to store their data physically, which commoditizes cloud prices with cheap file coin storage at the forefront of disruption. We've only gotten this far because of the awesome DacHouse team as well as the larger Protocol Labs network. Huge shout out to all those who have helped along the way. And the team will be around all week sharing our stuff and across all the lab week fund. So please come by and say hi. Thank you very much. My name is Ayush. I'm one of the co-founder and CEO of Hurdle Zero One. At Hurdle Zero One, we are building a decentralized real-time communication engine. I wanted to meet you all, IRL, talk about, give our talk and tell you about what we have been doing at Hurdle Zero One for the last two and a half years, but unfortunately, wasn't able to make it. But here I am, talking from India, talking on our own platform at Hurdle Zero One and trying to tell you that what we have done in the last two and a half years. So I'll just do a quick screen share. So the problems which we had been trying to solve were three major, essentially the first being privacy and security. That means the current calls are not, it's transport encrypted. They're not content encrypted. That means your calls could be seen by the servers at the end of the day, it could be decrypted there. The second is performance issues. That means the current clients over architecture for audio and video doesn't lead to a really good quality of calls. Especially if you don't have a good bandwidth connection. The third is the top-down economy. That means all the value which is getting accrued are either getting accrued to the platform or to the cloud provider itself. That's where Hurdle Zero One comes in. We have a three-pronged approach. The first is an app. The second is an SDK and the third is a protocol. The app is a sufficiently decentralized platform. That means you can do all the things you can do on Google Meet and Zoom. But in a kryptonative manner, a Hurdle Zero One platform. The second is the SDKs. That means a plug-and-play SDK where all the devs can use it to power their calls with a few lines of code. The SDKs are also live. The third is the protocol where that's the end game of Hurdle Zero One where all the people who are running the, who are having any call, one of them can become a node and they can power the call of all of us. So essentially moving from clients over architecture to a node architecture, more towards the edges. This is the platform where you can do all the things. As I mentioned, you can record over IPFS and Filecoin. You can live stream via live peer where the audio video is done completely by the Hurdle Zero One infrastructure. The traction on the app has been great. We have went from 15,000 minutes of meeting from Q421 to 450,000 in the Q3 of 2022 itself. Have done more than 25,000 meetings so far with 13,000 users, 2700 wallet users and 1300 DID users as well. This is our team. We're a team of 23 people now based all across in India, Germany, Nigeria as well as Hong Kong and functional experience in a lot of varieties from development to research, to sales and marketing as well. These have been our services, our app, our APIs and SDKs which we provide. The SDKs are something which is launched now and we'll be doing a couple of hackathons going forward to future where you can bring your own wallets, you can inject your own NFT element into the SDK itself. You can use recordings over Filecoin, you can live stream via live peer and it's highly composable, much faster integration and 3X cheaper than any of the SDKs which are out there. The emerging use cases of 1001, where 1001 SDKs will be used are immense and we are looking forward to get a lot of adoption into that. Yeah, thank you so much for listening to me and I met Juan, I met Colin, I met Molly, James, Ruben, a lot of others as a protocol labs team at Filecoin Singapore. Can't wait to meet you again and hope you have a great experience there. Thank you so much, bye-bye. One of the things that we've learned to do is to structure our work in movements. This helps a lot of groups work together on shared goals in the long term. Think of very successful large scale movements like the free software movement or open source or web three. Those are large scale movements. Those systems start as small groups, sometimes even one person, creating a set of values, orienting a community and painting a vision. A lot of the key parts of today's infrastructure has been built by many groups coordinating together through these movements. Now, when you think about having long term impact, projects are great, however, movements may have much broader success. So we've started to think about how to approach some of this movement building in a faster pace. And we found an extremely useful format that we hope you will try. A periodic in-person conference multiple times a year with many local pop-ups in various other events can create a very strong forcing functions for a community to get together frequently, connect with each other, share ideas, discuss things, and get to a point where they're looking forward to the next major conference to release new projects, release, announce things, and so on. So this has been extremely, extremely effective. And of course we learned a lot from this from major conferences across many other ecosystems. Today you'll hear about three movements that we've been pretty excited to be part of. And yeah, I hope you enjoy. Hello everyone. My name's Matt. Very excited to talk to you about Funding the Commons, the idea which became an event series which became much more than that, more of a movement. So why Funding the Commons? Why do we start this? I think Juan has done a great job of explaining this. We truly believe that protection and creation of public goods and commons represents some of the biggest problems of our time. Anything from maintaining our parks, our utilities, our basic infrastructure, to the existential risks that we as civilization need to face, AI risk, climate, digital human rights. And we really think that we're at an inflection point where crypto and web three foundations make global effective cooperation systems possible. But we can't do it alone. We have our own internal efforts, but we know that we need a community of builders, of thinkers, of investors to actually make these systems come to life. So what does one year of Funding the Commons look like? It looks like four events we've done in person to online. We have over 1,300 attendees across these events, including 700 people in person. We've also brought over 120 speakers from leading institutions into our community, and they've generated over 90 talks and other knowledge artifacts like white papers, blog posts, and just discussions and hallway tracks have been very valuable. And this is all spawned out of an idea that actually came out last week. So since then, we've really built out a dedicated team. We've run and moved to large in-person flagship events, and we're really excited for what's to come. But beyond just the numbers, I think the impact that's been created by this movement is much broader. We've created new and stronger collaborations across the community. We've seen a really strong event partnership form with Shelling Point and Gitcoin, who are also leaders in the space, among our many other partners with events. We've seen new working groups formed by the community tackling some of these important problems that we've outlined. I'll point a few out, Hypersurts, the collaboration with Kevin O'Walkie and Supermodular with our team, led by Holka. We've also seen a lot of important work done with governance institutions. So the radical exchange community has been very important there. And also we've seen a good amount of momentum with the Taiwan-led institution, GovZero, where we've been working on that, particular among many others. And finally, we've really seen it as kind of a point where we've been able to strengthen connections with some really cutting-edge, worldly institutions. So existing friends in Web3 who are really mission-aligned. We've also seen cutting-edge think tanks institutions like Convergent Research and SMIT Futures, where we're really strengthening those connections. We've also brought leaders to the cause across Web3 researchers, investors, and beyond. So what comes next? In 2023, we plan on growing the events. We plan on hosting two more flagship events, eight smaller events with partners, and then 12 local community events as well. We plan on growing the community with a focus on academic and Web3 partners. And finally, we want to scale action through hackathons, builder funding support, and partnerships. But I want to call attention to three specific things. We want to basically spur open-source development on impact evaluators, hyper-certificates, and performance evaluation. So to learn more, we have an event here in two days. I encourage you all to come. Thank you. Our goal of the summit is to bring together the people in the world who are the most knowledgeable about sustainability and about Web3 to build tools to decarbonize the global economy faster than is possible without Web3. I am most excited about continuing to meet all of the people that have come to the Sustainable Blockchain Summit that are like-minded and interested in building a better space. We're hitting this inflection point where now there's tens of thousands of scientists and builders, entrepreneurs and artists, and just people all around the world coming into Web3 and crypto to play around with the primitives to try building things and to try and use these kind of magical superpowers. Think of movement building, think of joining and participating in movements, just resonating with ideas, propagating memes, working on projects, helping each other. All of those things go a long way. My name's Carla and I'm excited to be here to speak with you today about a movement that Protocol Labs has the privilege of participating in but that extends far beyond the outer reaches of our network, the decentralized science movement or DSI to its friends. And I think we're all friends here. The DSI movement is a community of researchers, research funders, tool builders, communicators, and advocates building an infrastructure and an ecosystem for permissionless science. So the DSI movement is new but it has deep roots in the history and philosophy of science. It began with the observation that while humanity has enjoyed tremendous progress in what science and technology have produced, which you can see in these very carefully chosen milestones at the top of the slide, we have seen less radical progress in how we produce science and technology. So the scientific community started out as a society of letters. The early forms of scientific communication looked a lot more like an email or Twitter protocol and then we had the evolution, the development of science becoming encapsulated in research journals with the introduction of peer review as a standardized part of the scientific process. Now with the development of pre-print repositories like Archive for the Physical Sciences or Bioarchive for the Biological Sciences which really had a huge explosive growth during the COVID crisis, we're returning to the permissionless model of an earlier era. And the development of cloud laboratories like Emerald Cloud Lab democratized access to scientific infrastructure and it's an important part of this decentralization process. So the decentralized science ecosystem is also accordingly experiencing explosive growth and continuing on a trajectory of explosive growth with innovations in governance like the creation of self-assembling and self-governing scientific societies in communication with new ways of sharing scientific knowledge, new funding models like the very highly successful Gitcoin desirons that PL had the privilege of sponsoring and also even new ways of working in the field or at the bench. So the Deci community has established a regular cadence of really high energy events where we checkpoint our progress and we share new ideas and opportunities. You can see pictures from last meetings, Deci Berlin, ETH Amsterdam, ETH Denver, Deci Boston, the upcoming Deci London. If this movement excites you and it should, you can come to talk me at the break. You can follow the QR code to be led to a Discord server. We can round you to other resources and please join the Deci track at IPFS camp and the Deci events later this week. Thank you. I am so proud of all of the work that we've achieved. We're an amazing community and I look forward to what we'll do over the next few years. Now today, at this moment, we'll break for lunch. There's a room at the back, that's the larger area and there's another smaller room off to the right. Enjoy. We'll have 30 minutes and we'll pick up back here. Thank you. Welcome back, everyone. Please gather and take your seats. So when I started protocol labs in 2014, there was no institution that could actually support the development of IPFS and Falcoin to be open source projects deep in the R&D chasm and to build them with a community-first and open source orientation. So I set out to build an organization that could actually turn into that kind of group. As we built IPFS and Falcoin and scaled it, we encountered many other groups that worked with us in those projects and that built other applications and systems on top of them. We've assembled this group into a very strong network and we've created a product to support all of the builders across the network. So this is the infrastructure of the protocol evidence network and we'll talk to you about six major areas that we help many groups with. The first thing that we do is that we build a well-connected network. We gather many companies and projects across many stages of development and we help connect them to facilitate strong connections in the relevant stages. So think of groups getting to meet each other in their same stage, groups being able to learn from folks further along and groups being able to learn from each other in specific industries. We've also created a network directory and infrastructure to be able to facilitate interactions across all of these teams. These network profiles have a set of directions around how to contact people, what to ask about and so on and we've built an office-hour structure in there to help facilitate knowledge sharing. It's been great seeing everyone here at Lab Week and what would a network be without in-person connection? The protocol labs network hosts hundreds of events every year. These range from conferences like Lab Week to summits like CryptoEcon Day to in-person social gatherings like our monthly Lab Day dinners. Most of the teams in the network are fully remote, fully distributed so these in-person events and conferences are a great way to connect, collaborate and just have a great time. Stay tuned as well for our network events page. This will allow you to see all the events that teams in the protocol labs network are hosting so that you can join in those events as well. The other thing that I'm excited to share today is our PL network portal. So we've heard some feedback from teams that there are so many resources that the protocol labs network provides to its teams but they don't always know where to go to go find them and so today we're launching PL Network.io which is the protocol labs network portal where you can get access to information about the network directory, launch pad, Discord, the services marketplace and more. We also have a network handbook which has even more detail on each of these programs but essentially if you're ever wondering about where to go for information about PL Network programs, PL Network.io is the portal for you to go to. Now as I talked about earlier, our core focus is in the depth of the innovation chasm. That's where it's hardest to build and where the most valuable transformative technologies get stuck. So we get involved very early with builders at the very beginning of their journeys. We help them scale up in startup whether they're startups that are gonna follow a traditional path with accelerators, VC and so on or whether they're network oriented teams that are doing R&D and public goods creation. And believe it or not, we're still in the early stages of Web3. So for early stage builders, we set out to create radically open on-ramps for anyone in the world to join us and get building. I just wanna highlight a few of these programs. Hackathons, hackathons are an amazing way to learn, experiment and invent with our stack. Over 70,000 builders have joined hackathons building on protocol labs technology so far with 3,000 projects finished and submitted. Many of those going on to turn into companies, projects and having lives and destinies beyond what you could have dreamed of in a few weeks. And hackathons aren't just for new devs. We also see lots of experienced folks entering them to try and learn new skills. So our next big hackathon is in mid-November. It's the FBM hackathon run by ETH Global where you can be one of the first wave of people to build on the Filecoin virtual machine. Now, building on frontier tech can be lonely. It can be hard. Not everyone can afford to take the time or the funds they need to try it out, right? So we have the microgrants program which is a ridiculously easy way to support people who have built an MVP and want to keep going and you can apply through open issues on GitHub. We've made it extremely fast. Finally, check out the requests for startups list. It is a list of ideas for new business models in Web 3 and all you have to do is execute. That's the easy part, right? But seriously, check that out if you are looking for an idea and want to understand what the opportunities are in this great new world. And finally, moving a bit more along to more mature projects, the developer grants program has been running for several years now in collaboration with the Filecoin Foundation. And this is where we have mid-sized grants for projects that really move the needle for IPFS, Filecoin, LibPDP, and more. And many of the developer tools that you know and love today, as well as the Filecoin Green Grants program, has come out of the developer grants. Now, four startups that are ready to go all in. We've built an accelerator program, more than 17 of them, in fact, run with partners like Outlier, Alliance, Takiyon, Techstars, and many more. These are super-intensive, usually three-month programs that help with go-to-market, positioning, legal, the list goes on. And in less than two years, 176 teams have graduated from these programs. This summer and fall, when it become more important than ever to get fundraising right, we launched a soft-noise intro platform in the Phil.VC event series to help these teams succeed. You hear more about them in a moment. Today, accelerator grads have raised over $100 million in capital, including from PL Ventures, and they're just getting started. In fact, many of these startups and founders and teams are sitting right next to you. Beside you, in front of you, please meet them, get to know their stories. There's a lot to build together. Can't wait for the future. And I just wanted to thank the entire Builders Funnel team, who has made all this possible. Piel also incubates new businesses. We started on this path first with CoinList, which started off as a project to help ourselves create the Falcon token sale. CoinList has turned into a tremendous, very successful company. Earlier this year, NumberZero and Tefer Labs started off in a similar way. Web3 Storage and NFT storage are projects that are turning into startups coming ahead. Piel also creates new crypto networks. Falcon is, of course, the major one. And we also work with and interact with many other crypto networks. As the FEM arrives, there'll be a whole host of L2s. Think of computer-over-data networks, retrieval market networks, and so on. So that'll be a very exciting part of next year. Now, the number one ask from most founders and CEOs about for help is around fundraising. This is the number one challenge that startups run into, and they need help with. So we're helping them with that. So who in the room here has had to help raise money for their startup or help their team raise money? Put up your hand. Lot of hands, lot of hands. I mean, I'm a former founder myself and one of the toughest challenges I faced for my startup was raising money. And especially for folks in this room that are super passionate about Web3 products and tech, fundraising can be this soul-crushing side activity that you just have to do, right? And so what we're trying to do is make it dramatically easier for founders to raise money by connecting them to the 4,000-plus investors that are part of the Protocol Labs network. Now, that really a lot goes into that effort itself from educating investors on the underlying tech, giving them constant updates about startups in the PL network, and matching them with startups where they can add the most value. But today, I'll just focus on one event that we did just about a month ago in Phil Singapore, which was Phil VC. This was the first time we ever did this. It was a live demo day pitch session for invite-only, so only invited startups and investors could attend. And it basically gave a chance for 26 startups to do rapid-fire pitches to over 300 investors that represent over a trillion dollars of capital in the room in a live scenario. So this was really awesome. I mean, we facilitated hundreds of connections between investors and startups. Many of these startups got term sheets in the weeks that followed, which was really exciting. And this is just one of the kind of online and offline events that we'll start doing in 2023. As a quick snapshot, this is kind of like the list of investors that attended that event. So if you're a startup in the crowd or in the audience and you're looking to raise money, please be in touch because we can help. So in addition to supporting our founders by connecting them to investors, we also PL invests its own capital. And in a similar way to starting and incubating companies and launching them, we're doing the same with investment funds, the first of which is the builders funds. The builders fund focused on what Mosh talked about and invests in the companies that come through our accelerator partnerships that are building with our technology. We have 100 plus investments through the builders fund and we support those founders with all the amazing things that you're gonna hear about from the PL network, including fundraising intros, recruiting, technical support. And the good news is it's working. 70% of the companies who have gone through our accelerator partnerships have raised over $100 million and seed in series A. And that number compares favorably to almost any accelerator across the globe. The second one we are working on is PL Ventures, which has close to 100 investments and invests both in companies building in our own technology. 28% of the PL Ventures companies came through the accelerator program in the last year and across broader web three. Our view is that we have 300 people plus this entire network who are deeply embedded in this space and that gives us insights into what those teams face as they scale and potentially new insights into the market. PL Ventures also invests into broader new computing paradigms that Juan touched on earlier and PL Ventures companies have raided over a billion dollars in capital. And the good news is we're continuing to iterate and launch new funds, including an SP fund that designed to lower the barrier to entry to becoming a storage provider in our network with both debt and equity and an FBM focused fund to empower builders who are using all the things that FBM unlocks. If you're interested in the FBM fund, please come to the FBM hackathon on Saturday. And the other thing I wanna reiterate is a lot of our investments come from all of the people in this room. All of you are deeply embedded in this space so please keep referring amazing founders to us. I'm also really pleased to mention that Network Capital provides financial support to early teams, pre-revenue projects. Any of these groups, including a lot of research and development efforts that create huge impact, knowledge generation, digital infrastructure that where that impact takes a while before it is realizable or measurable and there's very little immediate or often no clear path to capturing some of that value. The Protocol Labs Network of course has a variety of programs that support teams as across network goods infrastructure and also research topics. And these range in scale from the small scale proofs of concept with very lightweight and small contributions all the way up to larger scale projects including research requests for proposals, programs, grants and we're also starting to look at novel ways to generate value capture that will achieve research and development goals at even bigger scales than what we can do now. Additionally, we're also exploring some crypto native structures that are incredibly exciting like hyper-serts or impact evaluators in order to achieve these goals. Now, the, yeah, sure. So that tackles the first most asked for problem that is the number one thing that most founders and CEOs or people before companies have trouble with. The second most important problem for any organization, for any company, for any lab, for any project is recruiting excellent team members to take the vision and turn it into reality. For that, we're creating a talent network that can help groups across the network higher and onboard and train and grow their people. Hey everyone, super excited to be here today. As Juan just said, the talent network. Quick overview of it to start. We've built up this talent network to source, hire, onboard and train as much talent as possible into our network and ecosystem. The really awesome thing is that even though we already have a large network, like you can see in this room and everybody on the call here, we only expect this network to grow in 2023 with more companies, more projects that we look forward to supporting with all the different resources that we have here. The mission of PL Network Recruiting specifically is to export one of our greatest superpowers, recruiting, to all the companies and individuals in our network. This year alone, we have onboarded 75 companies to our network job board, have had over 37,000 applicants with a 30% increase month over month and we have hired over 270 people into PL in our network, many of whom are sitting in this room here right now. So congratulations. Most importantly, as we look ahead, we've scaled our recruiting team from six to 36 in just the last year so that we have significantly more resources to meet the growing needs of our network as we move forward. PL Launchpad is a six-week onboarding program for new hires to the Protocol Labs Network designed to accelerate technical growth in the Web3 space. Since launching Launchpad last November, we've graduated over 200 residents from 20 different organizations and equipped them with the technical Web3 knowledge, PL network connections, and cohort community and culture to be successful in any company across the PL network and beyond. If you're part of the PL network, we'd love to help onboard, connect, and train your new hires or hear any great referrals. Please register on the Launchpad website above. The PL network is also an amazing place to grow thanks to the awesome systems for supporting and recognizing individual impact across teams. We're working on opening up PL talent resources like PeopleOps playbooks and guides, a PLN career ladder, performance review, compensation systems, and many more. If you'd find any of these resources useful, please get in touch with the Starfleet PeopleOps team so we can help prioritize which areas to focus on first. So how can we partner? There are many different ways. The first is basically if you are not on our company job board yet, send us the information we need to put you up there. We actually have the potential to be the largest Web3 network job board in the world, and we have a goal of getting to that by the end of this year, so let's try and make that happen. We also wanna know more about your companies. We can't recruit for you efficiently and effectively unless we know information about your hiring needs, what your company is like, the environment, any sort of relevant information would be absolutely awesome. We'll be sending out surveys. Obviously that's very manual though, as we'll eventually have some tooling solutions to make that a little bit easier. Lastly, as you saw in the last few slides, there's a ton of different resources that we have available for all the different companies in the network, but there may be things that we're not covering yet that you guys still need, so let us know. Be super vocal if there's something that you need that we're not providing right now and we're more than happy to see if it's something that we can take on in the future. So lastly, we're gonna continue to scale our team, implement new tools, implement new processes, and ultimately make the PL network the best place to grow a career in web three. So thank you everybody. So this is something people who start projects don't quite ask for, but it's what I think is the most important thing we can do to help them. At the end of the day, if something isn't forbidden by the laws of physics, then nothing can stop you from doing it, except knowing how. It's a matter of knowledge, not resources. If you know how to fundraise extremely well, you can do that. If you know how to hire extremely well, you can do that. If you know how to build amazing projects, you can do that. So at the end of the day, it's our knowledge as a network that is the most valuable resource we can offer to other groups. We do this by combining a set of guides and systems and resources, and offering people's time through office hours, introductions, and so on, to facilitate knowledge sharing. We are a YC company. We learned an enormous amount from the knowledge of that community. The YC community helped the world make it dramatically easier to start companies across all industries, and that came from knowledge sharing. I personally look back at the YC program, and the single most valuable thing that Protocol Labs got from YC was the valuable knowledge that compounded over time. The YC network produced tremendously valuable knowledge resources, and we wanna do our part to contribute our knowledge in this domain to both the Protocol Labs network and the YC broader network. One of the key components that we also learned from YC and from universities and from many other organizations is the value of open office hours. In universities, if you are struggling with some problem, if you have a hard set of questions around some domain, or if you're working on new things and new projects and so on, and you want time with the amazing, super knowledgeable, deeply thoughtful faculty, the best pattern is to use an open office hour format. That's where faculty members would create an open time slots in their schedule and meet with whoever was there. You would sort of like form up outside of their office and you would just meet with them and usually in very small intervals, like five or 10 minutes so that many people could access that person. YC built on that and created the world-famous YC office hours where many people across YC contributed tremendous knowledge to many groups. We're doing that same structure in PL. Although in this model, anyone in the network can share knowledge to anybody else in the network. It's not just founders and investors and partners and so on, but it's really anybody across the network that has deeply valuable skills and knowledge that can contribute to other projects. And we're doing this by structuring our office hours with a tool where you can list out your time slots and schedule meetings with folks. Over time, we think that this kind of structured mentorship and office hours can generate massive amounts of value for all of the projects out there. Again, whether they're companies, R&D projects, labs or open source systems. I've had many people come to my office hours to ask about the beginnings of IPFS and how that got started or how to tackle certain large-scale problems in an open source community. So it's not necessarily, it doesn't have to relate to businesses. We also want to provide our knowledge in a very hands-on way with a set of structured summits tuned to help teams level up, especially in important phase transitions. So think of those moments when teams fundraise have now more capital and now are thinking about the next set of challenges or when they have some important product launch that then shifts their organization into a new mode of operation. Those are great times to gather the knowledge of a set of experts across the network, the ones that are most relevant and have strongest connection to those teams and have deep dives into the vast swaths of problems that that team is gonna take on and help them think through their plans. We find, after doing this for a few years across many teams in our network, we find that those summits generate an enormous amount of value for our teams and help save in reality months, quarters or in some times years. We also support the PL Network with deep knowledge in Web3 and we've compiled things like a Web3 startup knowledge base and immense amount of questions answered and real-time support in discussion forums across IPFS, LibP2P, Filecoin and more. This is a great way to disseminate information and also make real-time access to the experts that can help you solve and debug problems. We're also doing our work in public and this is a really important kind of like talent or a skill that we've developed and really honed in the past year which is actually executing in a network native way, doing our all hands openly and publishing them to the network, doing our team planning and design docs in public notions and having weekly updates from every team so that you can understand the current challenges that they're facing and new opportunities to get involved. This is a great way for many teams to see real-time shifts in direction or trajectory or highlight new risks or challenges that they need support on. In PL Andres, many of our ResDev teams also are exporting a lot of their R&D knowledge around cryptography, distributed systems and crypto economics to help many companies across the PL network harness these new breakthroughs and build their startups and projects based on these deep foundations and so you'll see many of these labs contributing heavily to Filecoin improvement proposals to IPIPs in the IPFS ecosystem and really helping disseminate the deep research knowledge that's been honed in these world-class teams. Now, we've talked about a lot of really valuable programs but at the end of the day, teams have time and money and end up overspending both of them. So we want to help you save both. For that, we've assembled a world-class community of service providers and built a marketplace. How many of you here have tried to hire an agency to do work for you before? See a lot of hands. And for those of you who have done this, I'm sure you realize that it can be a challenging process. It takes weeks or months to go create a list of vendors, do an RFP, onboard the vendor, and sometimes, depending on who you end up choosing, it may or may not go well, right? So what we're doing with the service provider marketplace is to create a pre-vetted list of vendors across a number of verticals so that you can hire and onboard them really quickly to do the work that you need them to do. What you get when working with the service provider marketplace, also known as Moseya, is three things. One, you have confidence that these vendors understand Web 3 and are onboarded through the Protocol Labs network. Two, you also know that these vendors understand what good looks like in the Protocol Labs network. If they're hosting an event, how do you host an event of the quality and caliber that we expect here in the network? And then three, for a certain number of preferred vendors, we actually sign retainer agreements with these vendors so that you get preferred pricing. You have a guarantee of a certain number of hours available to network teams so that you can work with them very quickly. So come check us out at moseya.io, that's our website, and we're happy to connect you with vendors and each of the verticals that we're working with. Our people team has evaluated and tested dozens of people's services and products, aimed at scaling our employment infrastructure for a globally distributed team. The partners listed here specialize in global employment, payroll processing, and immigration. And our team is designing a new people services matchmaking program. So connect with us at people-network-services at protocol.ai to be personally connected to these and many other employment partners. On the finance side, we've created new solutions that support crypto integration into the full corporate finance stack. So anything from banking to custody, treasury management, accounting policies, processes, systems, transaction processing, tax, actually new financial products, lending, leasing, that sort of thing. And reporting analytics and forecasting, which we all know for crypto with the volatility and the cyclicality can be challenging. So on behalf of the entire finance team, if these things are interesting to you and you'd like to sort of reach out and learn from us, please find us for office hours or reach out. Hi. Do you think it's hard to find a good lawyer? Well, PL Legal is here to make it super easy to find a great legal counsel. We've set up a legal matchmaking program, spearheaded by Alex Fears, who was chief legal officer at Medium and at Neuralink. And what this means is you can come to us, tell us about what you're dealing with and we'll help you find legal counsel for your specific needs. To make it even smoother, we onboard and train that counsel on our network, our technologies and the common legal issues that we face. On this slide, we have just a few of the great partners in our network. We're always growing this group. We have already matched a number of PLN teams across a range of legal issues. So if you would like to get matched, please reach out to the PL Legal team and we'd love to help you. So that's the product available to all of the teams in the network today. We've categorized it into these six offerings, building the network, helping people start, helping raise capital, helping find amazing talent, learn and grow your own knowledge and have access to world-class service providers. I wish PL existed when I started IPFS and Falcoine. This is the kind of organization and institution that I wish I had access to when I first began. So if you're working on projects like that, especially deep in the innovation chasm, please consider joining us. Most of our work is tuned and focused on Web3 and especially within the IPFS and Falcoine networks, but we're already helping tons of teams across the broader Web3 in many other networks and beyond. There are also several groups in those deeper, more future-oriented, sci-fi-esque areas of computing that are already part of the PL network and getting the advantages there. So we hope to grow and scale the network. We hope that you will join us and we hope that you will share your super-deep and valuable knowledge with the rest of the network in office hours. I'll have a sign-up sheet outside and you're just gonna reach out to us. And yeah, I hope that this is valuable to all of you. Thank you very much. Waiting for a slide. So welcome to Lab Week 22. Actually, this is very deep in the deck. Let's go backwards. Welcome to Lab Week 22. Throughout the years, we've had a number of Lab Weeks across the world. We actually had one of our earlier ones in, sorry, that was fun. Can we go back? There we go. Thank you. We had one of our first ones in 2016 in Lisbon. So right here, it's great to be back. We've gone around the world with our teams and we've learned that for remote teams especially, it's extremely useful and valuable to get together every year. So that's why we put on these amazing events. We formed amazing relationships throughout the years. Now, last year, we had Lab Week 21. It's actually called Lab Week 7, but we figured match up to the year and it's gonna be way easier. Lab Week 21 in two places, in New York and Madeira. And that was the last time that we, most of us saw each other. In many cases, people join these teams and networks and work with each other sometimes close to a year before they meet each other. So this week is a really valuable time and place for everyone to get to know each other. So now, it's great to see everyone here, back in Lisbon for Lab Week 22. We have an amazing whole set of events. You'll hear about more of them later on, but we wanted to do one thing that we started doing in all Lab Weeks. It's an extremely useful thing for the broader PL teams. And we think it's gonna be useful for the whole network. And that's to look back and reflect through our whole series of challenges and opportunities. One thing I wanted to mention about the Lab Week logo here, it's based on the PL logo with the PNL and so on. But if you can see, it has the entire R&D pipeline built into it and it has space with a lot of these gray hexes for many new teams to join. So as you think about the Lab Week logo and you see it pop up and so on, think of which part of the pipeline are you in. Maybe you spend the whole thing. Maybe you have different sub teams in different areas. And maybe you can help bring another team and another group to the network. And because hexes are really good tiles, that's why we learned from the JavaScript community that you can make your logos into a proper hex, that can fit into a nice, neat pattern. And it turns out you can tile them just like Lisbon tiles. So as you walk around Lisbon, remember to look around in tons of really beautiful Lisbon tiles. And think of the whole broader network getting together across a ton of different venues and places and have a lot of fun, hang out, really invest in getting to know each other. That's one of, we found that it's one of the most valuable things that anybody can do at these Lab Weeks. It's actually spend time with each other. You don't get to do that enough in remote groups. So really spend good time working together. Maybe someday we'll get like a mosaic somewhere. But by the way, please don't tile Lisbon this way. Now, we started versioning PL early in our history, and that's a good way of shipping changes to an organization in releases that enables everybody to kind of re-adapt to a changing system. Early on, when you're a much smaller group, you can ship changes really quickly. It's easy to diffuse some new way of doing things, and then you can adapt. As you scale into larger and larger groups, especially if you work together with many other organizations and teams and people and so on, it can be extremely useful to adopt a release cadence like software. So that's why we built our release schedule in a sense, and break it down into minor releases every quarter and major releases every year. So today we're in 2022, we're in PLV8. And we broadly encourage the network that whenever you're interacting with many other groups and shipping new programs and new releases, you try and bundle it across the quarter boundary or the yearly boundary and use that to kind of like re-infuse a lot of new programs and so on. Now, of course, you should be shipping early and often, right? MVPs ship when you need to, make the changes when you need to, but these quarter and yearly boundaries are great times to kind of advertise to everybody else because you can think of like the entire network shifting gears in those moments, right? So imagine kind of a large scale operation if you try and change gears constantly, can be difficult to do that well. So really lean on those kind of quarter and yearly boundaries to apply changes. Now I want to tell you about some of the large changes that we started with from, you know, that we kind of brought us into this year. So in PLV7, the landscape of PL looked like this. We had a set of teams that interacted and worked with a lot of groups. We had a number of investments across many different groups and we also offered lots of grants to many groups across the broader ecosystem and across many companies and so on. And so one of the things that shifted very significantly from PLV7 to PLV8 was that we wanted to get rid of that kind of like cell wall boundary that prevented our teams from working together across the network. As we turned the network into this PLV8, this was a slide that we showed last year and we set off to build the builders network, the talent network and to help support, you know, the range of network teams and support them with a set of network services. At the time we had, you know, a set of principles to help us guide us into the shift, things like scaling the network, investing in and empowering our growing ecosystem and building upon existing teams. So this is, you know, helping teams sort of as they existed, growing to the network. We have a whole set of challenges and opportunities and we tackled a ton of them extremely well and we've now set in the success of that. Now, as we shift into 2023, I wanna tell you about the new sets of challenges and opportunities, the new principles and what's gonna shift. So PLV8 was a very large change from PLV7 to PLV8 that was like a major shift. In PLV9, we are not gonna have a very large change at all. We're just going to double down on the successes and grow to add missing programs or things that we now know are really valuable. So we're gonna be, as a whole community, making adjustments and tweaks to various systems and building out some new programs. So this is one key slide and key framing that I want everyone to take away is this model of saying, hey, there's the R&D pipeline, there's the innovation chasm there in that early part of R&D. And what we're gonna do very well and be very successful if we can help more of those kind of very early stage research ideas translate all the way into successful companies. And so usually if you're doing something that is helping other groups and so on, find the spot of the pipeline that you're in. Could be that you are supportive across the board, but if you're sort of especially for one area, find the other sets of groups and teams that operate in that area and form common principles. Now there's a set of new programs that we'll be developing over next year. We hope to build, we hope to grow our worldwide events and now finally have a proper calendar. This is one of the most requested features across the network to actually have a calendar with dates and commit to them. We hope to also have role and domain specific events. So one of the things that we have started trying out is to create events very focused across specific disciplines or specific industries to help bring the people and connect there and build relationships. So that's some of the things we'll be doing. We're also going to be improving a lot of the parts around starting new systems. So one part of that is reaching out to many more communities to talk about the offerings and programs that we have. Many times communities are like super surprised to hear about like the awesome programs that we have. So we're gonna be doing a lot more outreach to many communities so that they can leverage these programs. And we're gonna be doing a lot more requests for startups. This is one of the areas where we just get to see so many amazing business models, like sometimes way ahead. And if we do a lot more requests for startups that'll help stimulate that environment. There's a ton of things coming around Falcoyne. Earlier on we saw sort of like DeFi and NFTs and so on about a year or two years ahead of the curve. So we hope that those are gonna help people start earlier. And we're gonna also start coupling some of our knowledge programs earlier on. So most of our knowledge programs sort of come after kind of like later in the pipeline but some of them might actually be really helpful earlier on. Now in the capital side, in the venture capital part, you'll really heard from Brad about the SP fund and the FEM fund. Those are gonna be really important components. There'll likely be some other things down the road. And in network capital, we hope to add and scale the structures. So there's a number of new programs that'll ship sometime next year and many that are working really well and we've sort of demonstrated that this year and we're gonna be scaling them up. One of the things that I'm really excited about in network capital is to be able to start using things like impact evaluators and hyper certificates, direct crypto native instruments to be able to drive some of this growth. On the talent side, we're gonna be building talent attraction programs. A broader advisor network to help bring a lot of the knowledge from our much more extended community and help support the network. So think of like actually reaching into professors in different universities and experts across the industry. And we're gonna be building a PL Academy system to help the many thousands of people in the network level up an upscale in a range of disciplines. The kind of thing that we wanna do here is like help facilitate the creation of content in web three that's not there yet. So think of deep courses on say zero knowledge proofs or how to run people systems in crypto native teams. And we wanna kind of structure a lot of that learning through kind of this more course oriented structure. The other part of that is being able to leverage the vast quality of resources available today and kind of connected. So I often thought one of the most valuable things that university classes ever had was a syllabus and that distillation of like helping you navigate the vast material out there is one of the most useful things that professors ever do. So we're gonna be thinking of doing that to help distill what's like the really high quality material out there to help support you. On the knowledge area, we're gonna be doubling down on the advisor network. So connecting that network to office hours so that you imagine being able to like build on that office hour program to find a lot of knowledge there. We're gonna double down on the team summits and scale those. And we're gonna start tweaking kind of the office hour structure to try and make it even more efficient. Find a ways of facilitating that time and potentially building like feedback structures and so on. On the services side, we're gonna continue growing the marketplace structure and we're gonna be instrumenting with metrics and feedback and so on. So a lot of the teams here build on top of IPFS and ThoughtPoint. So here's a glimpse at some of the major things that we see on that roadmap for next year. There's a lot of optimization that needs to happen. So think of many systems growing and improving and some major breakthroughs that are gonna be shipped. So Falcon Saturn is gonna ship an early version later, I think it's later in the week. The FBM, which is already powering the network is gonna ship out in Q1 to be able to support a lot of new smart contracts. Station and ceiling of service will arrive then too. Then there will be a whole host of new networks that appear in the FBM supports L2. So think of a lot of computer or data networks powered with back allow or things like Medusa. We also have a whole range of improvements that are deeper, things like interplanetary consensus arriving to help scale the entire network and things like Halo 2 and so on. Now, of course, this is like as only a small snapshot of all of the amazing things that are gonna happen across the network. We don't yet have any kind of like integrated way of like seeing all of the roadmaps and so on. Everyone kind of builds, of course, their own natural product offerings and roadmaps, so definitely encourage you to navigate the network and see what everyone's working on. Maybe next year we'll have like a way of like being able to navigate this space better. Now, I wanna give some principles to the whole network for next year. One is optimize and scale. So think of doubling down on what's working, change what's not. We have a lot of like really valuable systems and programs. Let's kind of grow them. Think about how to optimize them well with impact metrics and feedback and so on. I see a lot of groups doing some extremely valuable work, but they're not really measuring what matters or they're not getting feedback from the users. And if you're not getting feedback from your users, then you don't know like how to orient the product. We also need to ship many breakthroughs into production, so there's a lot of teams across the network that are building some extremely new exciting things that need to land. So really focus on shipping that and driving usage. I also hope that most, so the second major principle is to focus on the end user product experience. A lot of teams have been building really amazing new technology, but it doesn't yet have the extremely high quality product user experience that the broader world, you know, in Web2 and mobile interfaces and so on expect. So you need to kind of instrument your products and optimize for extremely good product user experience. Find good ways of doing it in a privacy preserving way. Find good ways of doing it without sort of collecting personally identifiable information and so on. That's very possible. Don't let decentralization or security get in the way of optimizing a good product, meaning find a way to have both. Now that also applies to all of the programs to support the network. We need to instrument and get feedback across all of them to make sure that those programs are good products that everyone can benefit from. The third major principle is to strengthen connectivity of the network. We want to deepen the relationships, invest deeply in office hours and kind of gathering in those team summits, double down with events and so on. And I want to encourage all teams to work openly. So we've had major successes across the network with many groups publishing all of their roadmaps, publishing all of their notes, publishing their maps and so on. Use all hands and so on. That's extremely useful to help many teams across many parts of the network work together. So think of leaning into that. Now for some challenges. So this has been a very intense year. The macro environment has like totally plummeted. It's very hard for a lot of companies and that macro environment also took down crypto. Now fundraising is already really hard this year and it's gonna be harder. My guess is that it's likely gonna be harder early next year. Now of course, who knows? But the market could recover very quickly but my prediction and my expectation is that it'll actually be quite hard. And especially for the companies going from C to series A or from series A to series B, like those will be like very hard jumps. So kind of expect like a significant series A crunch early in the year. Maybe the market will warm up so maybe the latter part of the year will be fine but don't count on it. Really plan out your runway and so on. And if you don't have runway to last you into 2024, you should be thinking about how to make sure that your team has a good, safe path into that. Now of course you want runway much further out like ideally you have many years of runway but most small startups always have somewhere between six and 24 months of runway. So this time it's gonna be hard for all those groups. That means lean into the programs that we talked about today, all the capital fundraising systems and come talk to us. We're here to help you think through this. All of this kind of stuff can be done much easier if you have time to plan. What is highly recommend one of the default alive, default that or default alive essay from, I think PG wrote this. It's an extremely useful way of thinking about how your organization is operating. You wanna be, you wanna have enough runway to be able to make significant movements to fundraise. So you wanna have always more than six to 12 months of runway. Now again, come talk to us if you need help with that. It's gonna be, we're here for you, we're here to support and with more time we have more ability to help you shape a good fundraise. So think of things like, hey actually like your product is actually quite good but you have enough time to like adjust this thing, focus on this growth and then prove that you can do this because that seems to be like the major thing holding people back. That's the kind of feedback that we can give you when you have time. Now, one of the things that's gonna help us help you with this kind of thing is getting regular updates from you on how you're doing. So especially like around runway and burn and so on. If you share some of that knowledge and info then we can help you map on to sort of like how the, what other groups are doing and so on and help you advise you. We sometimes see very early teams just spend way too much money and not too much money too fast and then they kind of run out of money quickly so we can be a sounding board for you to help you optimize. Now, the, like I mentioned earlier a lot of our products are really, have amazing really cool high quality technology and they work really well on web three. We have to cross the chasm and get to web two. So really encourage everyone to focus on extremely polished UX. Focus on getting to high quality valuable use cases that can bring in the growth and adoption into the hundreds of millions and billions. Today most of web three is kind of like topping out at like a hundred to maybe 200 million users. Some rare exceptions have like more or something but for the most part web three is quite small relative to web two by usage size and that's because of the kind of primarily financial set of use cases and really bad UX. So if we solve the problems that can yield extremely good UX then we can get to billions of users. Again, I see a lot of things that need optimization so focus on that and ship your breakthroughs can users. One thing that is also pretty interesting right now which is a challenge that you can turn into an opportunity. There's a lot of teams across the network that needs to hire a lot especially groups that raised recently. Hey, in crypto macro winter time it's way easier to hire. So this is a great time to find amazing people to help to join you. Definitely lean on us and work with a talent team. So now that's the challenges up ahead of us. Let's focus on the opportunities. Winter is a great time to build. Just PL itself started in a crypto winter. Think of Ethereum scaling massively through building a ton of itself and its early systems through winter. And you wanna use this moment in time to level up your systems. Really stay focused on getting to the next important milestones. If you don't have a roadmap right now and you don't quite know what you're shooting for really think of having some set of concrete goal posts that can help you on your team and community stay focused on delivering that goal and keep sort of compounding that improvement. These major macro winters tend to, you can go back through history of course like who knows what the future holds but if it's anything like the last couple hundred years then these kind of winters only last somewhere between one to three maybe five years in the extreme cases and usually markets return. So stay focused, deliver improvements and build. And of course leverage the network. We have an amazingly amazing group of people that's growing a ton leverage that group to help solve your challenges. Now there's a lot of products that are really working well and a lot of networks that have seen a lot of early success compound that growth. I've seen a lot of teams kind of start getting distracted with way too many feature sets. Growth matters tremendously in these kinds of systems focusing the kinds of things that are gonna give your operations and systems a lot of growth because you can, if you do that you'll end up with larger and larger groups that create and bring a lot more value. So because we're primarily building large scale products for large networks that growth in users or that growth in participants ends up bringing a lot of value alongside with it. So in many cases, some notable exceptions but most very successful companies and groups in the last 20 years have been extremely hyper focused on growth and use that to drive a lot of your decision making. Now we have extremely strong teams across the network and they're growing, focus on their growth. So think about, really encourage everybody here no matter how early you are to be thinking about the growth of the people in your organization. Think about leveling them up. Think about their career paths, their growth trajectories. Think about how to support them to learn more. The startups are grind, they're really hard and it's very easy to lose focus away from people's growth. You're kind of like constantly in this reactive like immediate mode. It's very, very useful to have a good trajectory to know how to compound your own personal growth because that's gonna enable you to level up and have even more impact in the future. Again, a whole host of opportunities will come from major breakthroughs like FVM, Saturn, and so on. And there's gonna be a bunch, my guess is it's gonna be a bunch of new crypto networks that many of you go out and start in the next year or two. Many computer or data networks, CDN networks, and many more. So looking forward to a lot of really awesome things there. And so that kind of sums up PLV9. Really focus on these six offerings, build a network, help people start projects, help fundraise capital, help find amazing talent and help it grow, help gather and systematize our knowledge and help access world-class services. Let's remove that innovation custom so that the pipeline can flow really well and let's help every one of these organizations and companies level up and grow. Thank you so much. So we have 15 minutes for Q and A and so I'm gonna ask all speakers, if you spoke just come over on stage, it'll be fun. It'll also be a great opportunity for a photo. So we'll do that. But yeah, we'll have 15 minutes for Q and A and the clock starts now, you can ask questions to anybody. But it'll- There's a microphone up here or there is a wonderful human with a mic who can run it to you if you raise your hand. Yeah, come closer, there's a lot more folks coming. And of course there's a lot of people here are super experts about tons of things, just keep it focused on the things that you saw today. So just questions on topic. Thank you. Raise your hands. Or actually there's a mic right there in the center. So a number of you could stand up and go make a line there. And I think there's also maybe a mic that's gonna run around. Please raise your hand if you're kind of in the middle or if you're in the edges, just stand up and go to the mic. Any questions? Question over here. The first one's always hard. I think anybody can answer this one. What's a good example of a good scalable UX that you would give for, since you were talking about UX being the chastain between with two and three? Yeah, really anybody here can answer. Since I'm talking, I would say the social networks, especially things like Instagram and Tech Talk are extremely good examples of super scalable user experiences. Now those are really expensive user experiences. It takes a lot of product optimization. WhatsApp is another one that didn't require a lot of optimization in the user experience side, but it was extremely scalable. So those were extremely useful scalable systems. On the mechanism design side, I would love to see tooling for things like quadratic voting that get used as casually as people use Venmo to settle balances. You could use that for better decision making and the applications there for governance type technology and social choice theory applications would be amazing. Next floor, yeah, one more. I'll give one more example. So we thought, one had really great examples of very large networks. A lot of the things we can do with web three is create smaller group-based bottom-up experiences. So what I would challenge a lot of people is scalable experiences that many small groups can create so we can start attacking certain niche networks and regions that we can service really well today. Great. Any other, sorry, other questions? Any other questions? Or Raul can go. Raul, go for it. Raise your hand. Meanwhile, raise your hand so the mic can come to you. I was just gonna add to the UX side of things, the DX side of things as well. So the developer experience, right? So if you think about building apps and systems that are composable so that you can orchestrate them in larger and larger solutions and think really about the developer experience and the developer journey and how they're really gonna be using those APIs and those primitives that you expose. Over here. I have a question to the decentralized weather project. Do you have a breakdown by geography or where your weather stations are located or have been deployed? Can you see where you are? Yeah, so yeah, if you go to our website, weatherexempt.com, we have an explorer that shows all the weather stations that are deployed worldwide and you can actually see the weather data that they send and their rewards. And yeah, right now the network is growing without us affecting the rollout but in the future we have mechanisms to control the rollout and the expansion of the network towards where it makes more sense through the reward mechanism. Hi, it's Daniel Brown here from the Falcon Foundation for the decentralized web. I'd like to ask the whole panel what their favorite color is. Okay, so there was a lot of talk about structuring things that really drew upon the startup culture and VC model. And we were also seeing a lot of things like social benefit corporations, non-profits and DAOs and other projects like that. And I wonder, and anyone can say this because I think you would all have amazing input, if you can see any way of introducing those new ways of organizing platform cooperatives and those into the PL network and this whole field. Evan is first. I mean, other people want to go for it. I personally view DAOs as this fantastic computer scientist's abstraction to governance systems in that you have some sense of membership, some way of pooling resources and some way of deploying those shared resources. And I think this is like a generalization of what governments, nonprofits, for-profits, community organizations, organized religions all have in common. It's like basically just that set. And the number of things that you can do with that becomes not just being able to do the things in any of those verticals as well as any of these existing organizations. But you could probably find things that are like weird new admixtures of those other organizations. I do think that a lot of the power comes from starting at grassroots with communities but building up from that there really isn't a limit on the ability to build a global consensus mechanism because we've already shown that you can do consensus with crypto at the smallest scales and at the largest scales. And it just becomes, as Paul was saying, a UX question and an adoption question. So I've worked at startups, I've worked at nonprofits, worked with government, lots of different kinds of organizations. I think the characteristic of venture capital is that you can get outsized rewards for taking ridiculous risks that everyone else thinks is crazy, right? I think there are ways and we're actually announcing some of them on Friday where you can do similar things with non-profit or open source funding where you de-risk the execution part, right? You pay ramen wages for people to build the thing and then you reward the impact after the fact once the project has achieved something spectacular. So big announcement on Friday coming out about that soon for IPFS. I'll throw one important addition to this which is from my study of the problem, it's really important to keep all the organizations composable and able to interact with each other and leverage the most useful tools and systems. One of the, I think the non-profit structure has been extremely useful for centuries or I guess a century at least in supporting a lot of systems like this but it causes a thing that in software we call stack ripping, it might have a different name somewhere else but that means that suddenly one set of components can't actually interact with another set of components and so certain function calls and so on get split and that split causes everything to split alongside so for the async folks in the room like you know what I'm talking about but what ends up happening is that in a lot of non-profit structures you suddenly only start being able to interact with or hire primarily in the or raise from non-profit structures and it sort of causes a split between the broader set of everything or the non-profit structure which I think for many organizations can be a setback. Now you get the benefit of being able to raise funds that otherwise would probably not come to you but just be careful with that structure because I think it can be limiting in a bunch of ways. I personally think today that if you find a really good structure that can sort of have a regenerative economic loop so it's not like value capture but it's rather value growth in regenerative ecosystems and structures that'll be like really successful and I think like finding more and more ways for really things that had to kind of like either be a startup or be a non-profit can find this now different structure that can enable groups to tap into and use all of the kind of like utilities that kind of broader startup environments have in kind of these open systems and open regenerative context I think that'll be like super, super powerful. All right, so... Sorry, no, go for it. Sorry, go for it. I was just gonna share a fun fact. Who here owns a Rolex? Did you know that the Rolex is actually a non-profit? If you guys look it up, Rolex is actually a trust and so when people use the word non-profit I just wanna say it's actually just a legal definition within a country on what is considerable or not but really when we think about social impact and goods, it's really the incentive structure of how do you incentivize groups that normally wouldn't be incentivized to collaborate work together or the finances aren't there. How do we allow that to come together, right? And so non-profits were formed by most governments to allow for some incentive for things to get funded but they're always not perfect. I mean, very much it's a legal structure and we've spent a lot of time at the foundation figuring out non-profit structures. So I just wanted to share that fun fact. Yeah. Yeah, question? All right, so all these initiatives to help startups find funding and someone is really awesome, really cool. One thing that struck me is that it's almost all exclusively in the traditional financial markets. In your guys opinion, how far away are we from going crypto-native funding and then beyond that going into full on crypto-native securities tokens essentially. So what the SEC would call unregulated securities, I think that's kind of where we want to be going but done in a way that protects us from the government, allows us to have that freedom to invest money where we want without having to worry about the SEC reaching out their long arms. Yeah, so I think one really important thing to remember is kind of like where that's coming from. Those rules were put in place for very good reason, right? In like the early, in like the late 20s for example, you had these structures where just the lack of rules, the lack of disclosures and so on just created this environment where it was just extremely easy for people to grift others. And so that put in place like a huge, and that led to this huge problem in the markets and caused a great depression. So the SEC came out of that, came in to build in a bunch of like good systems and good structures to have much better markets. A lot of the times like where you end up with is a changing landscape where circumstances have now shifted and you need to create structures that can adapt the old structures into some new structures while where you go and make sure that you fit like the right set of constraints, right? So at the end of the day, like things like disclosures go a long way, things like creating new marketplaces that can work with those regulator entities to help make sure that markets are being built correctly. And there are no kind of like, there's a whole set of things that the SEC and others have to check about these markets to make sure that they're good and so on. And I think what we'll likely see is some, constant evolution towards a better structure where we're able to fulfill the requirements for a lot of these kinds of like new systems. But we also don't kind of like, we can also improve a bunch of the other features, right? So for a lot of systems in the networks, just the current structures don't work because of things that are ancillary to the original requirements. It's just kind of like how things were built over the last few decades. So think of it kind of like, today people still use docusign to sign. You get a docusign, you get a PDF, you have to read the PDF and you have to like click a button to insert a signature. And that is a legally binding structure today in like this baffling circumstance where for whatever reason, like the world has landed in this kind of optimization. Shifting to a new structure often requires kind of like unwinding and creating new products and new systems and new tools that can get you what you were interested in in the very first place, which was authentication of somebody's intent with a formally binding signature. But you can use new tools like cryptographic signatures or decentralized identifiers and so on. So think of that kind of shift having to happen first before we can get to that much better structure. So I think like, unfortunately, it's gonna be like a super, I think, tense difficult ecosystem. So for example, it was a lot more crypto-native fundraising earlier. There were a lot of like very open, more public decentralized structures that led to some of the most valuable projects built and led to some of the most kind of accessible ways for a lot of participants to participate in the creation of value in those systems. Unfortunately, right now, the groups that are sort of like benefiting from the current like, that sort of got pulled into traditional VC. And so now the groups that are benefiting from that are all the VCs. All the crypto VCs are now investing in and running most of those projects and supporting them in a way that most people around the world now can't support. So clearly, that's not the right crypto-native way of operating, but we have to figure out how to create a new environment with markets that have like good and proper disclosures and can satisfy all the requirements of good investing worldwide, right? Because it's not just the US. There's lots of countries with very different rules and you wanna create an environment that lets participants, wherever they are, comply with their local structure while allowing much broader access and participation and such that it doesn't get locked up into a small group. Sorry, I consumed that all the time. That's all the time we have for Q&A? Yeah, great, thank you. At the finish line, why don't we just, everyone kind of stretch, we're almost there. I'm just here to kind of walk everyone through the rest of the lab week schedule. We have a ton of events happening over the next few days, over the next couple of weeks. And we wanna take a few minutes to kind of just go day by day, share a little bit about what's happening and give captains a chance to explain a little bit about what they're doing. So great. So what I'm gonna do here is just, Molly and I are just gonna walk through Monday to Wednesday and then we'll go through chunks of the lab week schedule and we'll give captains a chance to tell you a little bit about what they have. So if I could have the captains for say Monday to Wednesday, like this week, if you are hosting an event Monday to Wednesday this week, if you could come on stage, that would be great. All right, so the first thing is the PL Summit. You were here already. So check on that, that's awesome. Something that's gonna happen right in this very room in a while is the first of our breakthrough in computing speaker series. Can you scroll through? So we have a, we assembled a speaker series throughout the whole week with some of the foremost thinkers in new areas of computing. And so think of this as a way of bringing a lot of the conversation about new interfaces to you. So we have people like Nick Bostrom, Allison Duetman. So Allison is the first speaker today. So in a little while we'll be, so I can scroll up to Allison. Allison will be speaking virtually here but we'll have like as a lawn-like environment where we'll watch a talk. Then I'll interview Allison in a kind of fireside-style way and then we'll break out for kind of discussion about the topics. And then the rest of the week we have Nick Bostrom. He just sort of keeps scrolling. Ahmed Gapour, hopefully I'm pronouncing that right. Max Techmark, Milan and Adam from Convergence to talk about BCI and so on. So a lot of folks talking about AI and AGI. Think of robotics, think of brain computer interfaces, think of Orwellian systems and so on. Please go through the page and hope to see you there. Thanks. And I probably took way too long so I'm gonna encourage other folks to take a lot last time. Yeah, but there's been a ton of work going into the Breakthrough series. I am personally super excited for the speakers we have lined up. So encourage everyone to go to the website, register and join us. Great, captains, come on up. Cool, so next few days we have Hackerbase, Falkhorn Foundation and Fish and Hackerbase. We have PL Summit Breakthrough series that we've talked about. I'll talk a little bit about opening party later today. Open Metaverse, meet up tomorrow with Mona and then funding the Commons, Consensus Lab Summit PL Working Sessions on Wednesday. So I'll hand the time over to the captains, 15 seconds each. All right, hello, we work together asynchronously all year. Once a year we get together and have the chance to work together in person. That's what PL Working Sessions is here to support. We have three different locations available starting today through November 4th. Just register at the link on the website, on the schedule. We'll match you up with the space and get back to you with the details. Hey everyone, Hannah here from Launchpad Team. So Launchpad is an onboarding program, also training program getting you these 360 understanding of what is protocol lab network and Web 3. And so after Palo Alto, Austin, Paris, we here in Lisbon is the fourth edition. So we super, super excited to have you on Wednesday, this Wednesday at 7 p.m. We are fully booked, but we will relieve some spots this afternoon, so please join us at RSVP on Evan Wright. Thank you. Hi there, I'm here to tell you about Hackerbase, eventbrite.com. This is a collaboration with the Falcon Foundation, Fission and Light Ship Capital, to make a space that can host smaller events, intimate 50 to 100, you can do working groups, you can do meetups, you can do quick pop-ups, and it's meant to be there to support you through the whole period, come and hang out. If you don't have anything going on, you need some quiet time, you wanna get together with a few sets of folks, the garage M space is there for you. Sign up at a hackerbase.eventbrite.com, even if you're just gonna do a drop in. Lots of great events, I've even heard that Daniel Bryan will give a live talk for an entire hour, which I'm really excited about, so come join us for that and check us out at garage M. Thank you. Great. Molly, do you wanna talk us through the Thursday onward schedule? Happy to. So on Thursday, we scroll up, there we go, Thursday, we have Talon Day at the Talon House in Lisbon. We have continuing on our breakthrough series, we have our Retrieval Market Summit, we have Mona at Lisbon, which is gonna be awesome, Zama is hosting a party, there's a PLN Founder Day that I expect to see many of you at, there's a CASA mini-gathering, and a lot of, oh, a DRAND, LOE, and Friend Summit, and probably more, so that's Thursday, Friday is the kickoff to IPFS camp, which is gonna be fantastic, and that's going through the entire weekend, Sustainability and Social Impact Summit with Falcon Green, there's a DeFi meetup in Lisbon, everyone is welcome, also, ETH Lisbon is kicking off that same day, so definitely reach out there, there's gonna be a number of Falcon Protocol sessions at IPFS camp, so sign up and hang out there, LERC is gonna be having a gathering, and there's also going to be a UCAM gathering at the hacker base that Boris just told you about, and there's even more things going on over the weekend, I'll hit Saturday and then I'll stop, there's an FVM open hack day on Saturday, there's also a decentralized job fair at IPFS camp, and I think that's it, so. Great. People who are presenting or hosting events Thursday through Saturday, go for it. Thanks Molly, I just wanted to give a quick plug for PLN Founder Day, on Thursday it is unfortunately invite only and only for founders in our network, but if you feel like you should have been included and you were not, please go on and apply for a spot, the goal is to allow founders to connect with each other, learn from each other, and share best practices, and connect with other folks from the network. Hi, I'm David Racheck, I lead computer over data here, you're gonna have to work very hard to avoid being at a computer over data something over the course of the next week and a half. We will be at Decentralized Science on Thursday, we have a track at IPFS camp, including an IPFS track, Hackathon on these Saturday after the initial talks, we have a presence in a hackathon at Filecoin Lisbon, and then next week we have a two day computer over data science summit, so please come join us, we would love to have you and talk all things computer over data. Great. I must have missed Wednesday, I'm Ben with funding the comments, we'll be in this room Wednesday all day hosting a bunch of engaging talks and workshops connecting builders, thinkers, and investors to help solve existential problems. Join us, registration, we've got a few tickets left, telegram protocol underscore Ben, protocol network is free to register, get at me because it is a $50 ticket charge right now, but I look forward to hosting all of you on Wednesday. Thank you, Ben. Woo. Hey everybody, who here was at IPFS camp 2019? It was amazing. The rest of you have a chance to be there again because it's happening starting Friday at 10 a.m. If you've noticed a theme in a lot of these speakers, the things they're talking about are actually gonna be at IPFS camp, so you should join us to see what they're talking about and make IPFS better, learn how to build on it, we have curriculum, we have speakers, workshops, an entire expo, kind of like a science fair where you can see what people are doing, come learn, build, have fun, see you there. I also hear there's some special edition swag that might be ready on Friday for IPFS camp. Cool. Okay, everyone else is selling you on their boring daytime work-like events. I am here to sell you on our Phil Lisbon party, October 30th, our interplanetary party celebrating the two-year anniversary of Mainnet launch. Go register, and it is also the end of ETH Lisbon and the kickoff to Phil Lisbon wrap up of Lab Week, and so it'll be a great time for a party. I should go next because the pre-party before that party is the Filecoin Network Meetup that we're having at the 30th as well, do you see it up there? What day is that? The 30th? The 30th, great. So if you like to drink, you like to eat, which most people do, I think, right? We'll have that party registered as well. We're almost full, not quite yet, so it's an SP, plus investor, plus client, collaboration type of networking event, so hopefully you all can join. Thanks. Thank you. Great, and I know we've mentioned Phil Lisbon a couple of times, but I'm here to tell you, if you really wanna come, please register. We are at 1,963 reservations. We are capping it at 2,000, and so if you guys have not registered, please do. We will have limited edition corgis, Filecoin Biscuits there, that you can only get exclusively at Filecoin Lisbon. That's over two days. The first day will be slightly more technical, the second day will be a little bit less technical, and that will lead us into Web Summit, which is November 1 through 4. We're gonna have a huge presence at Web Summit, including a very space-themed booth, and we need all of your help to evangelize the IPFS Filecoin PL Network there, and so if you are very, very passionate about working at the Filecoin booth at Web Summit, please let us know. We have very, very, very limited tickets. Web Summit is completely sold out, but we definitely need a lot of good people that are passionate about translating between Web 2 to Web 3. There will also be limited edition Web Summit only corgis that are dressed in space outfits that are only available at Web Summit, and so if you would like to come, please just reach out to me or anyone at the Filecoin Foundation Events team, and with that, I did wanna wrap up with one more event, which is actually on November 4th, I believe. It is a partnership party we are doing with NEAR, so one of the things that we're doing, as Megan mentioned, is the closing party with ETH Lisbon, so we're trying to get together with the Ethereum community, and then on November 4th, we're doing a party with the NEAR community, and you can also catch one with the CEO of NEAR at the second day of Phil Lisbon. Great, thank you, Clara. Hey, everyone, my name is Ansgar, and this Thursday is the event you don't wanna miss. Retrieval markets, whoo, whoo, it's gonna be awesome. Retrieval markets on Thursday, we have over 20 speakers from 10 different teams in the retrieval markets area at large. You're gonna hear from experts from peer-to-peer systems, global distributed networks, networking protocols, crypto economics, and everything fun in between. But there's more. Saturn, Filecoin's content delivery network also launches Thursday, so be there so you can tell your grandkids about it. And beyond that, it's Thursday again, 11 a.m. at the Hyatt Regency, and I look forward to seeing you guys there. Thank you. Great, thank you, Ansgar. Timo. Hi, everyone. My name is Timo from Secure Finance. We are building interbank-grade capital market for crypto, and we have side events on Friday. The only one, DeFi, as far as I know, and that's why I use your join. We have financial expert talk from Fomal and Goldman Sachs in the HSBC, so the capacity is limited. Sign up right now, and we'll see you on Friday. Thank you. Woohoo! Howdy, my name is JJ. I am on the PL recruiting team, and we have a decentralized job fair just normally touched on in a little bit, but it's a little bit different registration than the IPFS camp, free, and it's really to have a space for founders and builders to connect with the Web3 community here in Lisbon. So it's in this facility. Please sign up with the Luma events, and then I heard there's an open bar. So if anything else, great networking event. See you there. Woohoo! Hey, everyone, I'm Matt from MONA. We're hosting a few events this week. On Thursday, we have an incredible event kicking off Lisbon and celebrating the builders of the Metaverse. You'll hear from just about a dozen of the top world builders building immersive virtual worlds and their experience entering in over the past year and celebrating some of the incredible worlds built just over a year ago in the Filecoin form. So join us for immersive installations, talks from builders, open bar, as well as some good food as well at Time Out Market in Lisbon. So thanks, everyone. Make sure to register, and we'll see you soon. Thank you. Woohoo! All right, it's fantastic. So there's so much cool stuff going on. I mean, I don't want to brag, and I don't want to pick a fight with Luca who comes after, but I will be talking to you about Consensus Web and the Consensus Web Summit. And Consensus is, yeah. Consensus is the core building block of blockchain networks, and that's reason enough to come to the event. We will be meeting on Wednesday afternoon, and we have a super cool program. We have around 250 people registered now, but we still have space for a few more as well. You'll note that it's at 100 there, so that plan is gone. But yeah, so if you want to hear about the future of Filecoin scalability, of Filecoin core functionality, and Filecoin security, this is the event for you. We do not have corgis, but we also have an open bar. That will be enough. Thank you. Woo! Hi, Luca from CryptoNet. In CryptoNet, we do applied cryptography at Protocol Labs, and we are organizing one day of hacking sessions and whiteboarding sessions on the Filecoin protocol. It's gonna be here, co-located with IPFS camp. So if you want to hear about Filecoin protocol and how to improve it, please join us. Thank you, Luca. It's gonna be awesome. Woo! See you there. Hi, I'm Sarah from the FBM team. So on Saturday, this coming Saturday, we'll have the FBM open hack day. You saw Metamask now enabled on the FBM. So we'll be taking you through that, including some of the new and good tooling that we'll have, so stay tuned for that. We'll give some few hours with the Enge team and the DX team around to help you out, so we'll help you build it out, as well as have our amazing early builders bringing some use cases in, so they'll showcase that and you can learn from them, and we'll have a happy hour to end it all off, and some limited edition swag. So definitely be there. Thank you, Sarah. Ow! Hey, how's it going? Bon dia, that's how you say GM in Portuguese, by the way. So first thing you already mentioned, the talent day. It's already sold out, unfortunately, but it's gonna be an amazing session with underprivileged talent, which we're flying over from all over the world to we do you guys, to learn with all of you. Well, the ones who are registered. The second thing, and very important, is the closing party, so D-Nights or Disco D-Nights happening on the third. Everyone's invited, hurry up, there's limited spots, so I'm not gonna say anything about that party, because it's gonna be a surprise even for you guys, so see you then. Woo! I'm excited. Dave. Hey, everybody. I'm Dave Costanero on CryptoEconLab, and I'm here to tell you about CryptoEconDay. So once a quarter we get together and we talk about the most important issues in crypto economics. So what does that mean? We spend time thinking deeply about that wild, nail-biting moment when you take all these cool technologies that we're talking about today and hand them off to people, hand them off to markets. So buckle up, we're gonna talk about incentives, DeFi, perma-storage, smart contracts for insurance, all kinds of cool stuff. Join us at the Hyatt Regency, 1 p.m. on next Tuesday. Register at CryptoEconDay.io. Thanks. Thank you, Dave. Lotus. Oh, you got it. Hi, I'm Jennifer. People here probably know me as Jenny Juju on Falcon Slack, so I'm from the Lotus and actor team at the PLN Trust. If you don't know, Lotus is the client implementation for Falcon Network. So as George said, the consensus is the core of blockchain and I would say Lotus is the core of Falcon as a network. So if you are network participants, like storage provider, client, engineer, researcher, data on-border or business developer and you just want to talk to the core like Falcon development team, join us at the Lotus data on-border and the friend summit on November the 2nd and tell us how we can make Falcon better for you together. Thank you. Thank you. Woo. Gonna be amazing. Deep. Hey, everybody, I'm Deep. I work on the data programs team at Outercore and PL. I want to talk to you about Falcon Plus Day, which we'll be hosting on Sunday. If you scroll just down, it should be... Anyone want to queue our code for this page? You got it. Yeah, it should be just below on Sunday, 9 a.m. If you scroll down, Molly, there we go. Phil Plus Community Supply Team. Thank you very much. October 30th, 9 a.m. So for those of you that don't know, Falcon Plus is our general solution to solving the problem of figuring out when you're making anonymous deals on the network, whether or not you can actually trust the entity that you're working with. So it's our mechanism to identify clients that are trying to do useful stuff on Falcon, incentivize their presence on the network, support them long-term with a high quality of service, and ensure that, you know, search fighters are able to deliver at a high quality over a long period of time. And so if you're interested in learning more about how the program works, you want to participate. We're going to be hosting notary elections soon, and we'll be announcing next steps for that at the summit. Or if generally you are a search fighter or somebody looking to onboard your data on Defalcoine, this is a really important incentive mechanism for you to learn about. So come join us Sunday, 9 a.m. at the Altus Prime Hotel. Thank you. Thank you. Gonna be awesome. Hi, my name is Sylvain. I'm from the Starboard team, and then we'll be hosting the Falcon Network Analytics Day next Monday, just a bit after the Phil Lisbon mainstage end. It will be at Rotaria. Hope I'm pronouncing it right. And basically we'll talk about lots of practical network analytics solution that help people make decisions and build new data software and some of the incentives. So, and one more important things, we offer free snacks, drinks, and some cool snacks. A swax. Thank you. Thank you. Love it. Great. Hi, I'm Sam Burnham with Yutima, here to advertise Lurk Day on Friday at the Rotaria Cafe. So there's gonna be a series of five talks ranging from zero-knowledge proofs on Lurk, which is a term complete language for ZK Snarks, to Yutima, which is a formal verification backend for Lurk, Nova, which is a high-speed, trustless ZK Snark backend, zero-knowledge dApps, and hardware acceleration on Lurk. So, we'll have those speakers and some Q&A and then a social hour. So, seating's limited, so sign up soon or follow us on the live stream. Hope to see you all there. Thanks. Thank you. Hi, folks, I'm Hunter Tressiter with the Filecoin Foundation. And to finish things off here, I wanted to let you know that we are hosting on Friday, October 28th, an event called Social Impact, Sustainability, and Spirits at 5 p.m. to 7 p.m. That's kind of keeping with the theme of the foundation, I think, hoping, or hosting social events. So please come join us at the end of this week on Friday to talk about the intersection of sustainability and social impact. And of course, also, where spirits intersect with that. Thank you all. A round of applause for all the captains. So freaking cool. I hope everyone is super excited. I know it's a lot, and probably everyone's going to be kind of taking each day by day, being like, where do I go now? Highly recommend carpooling. Highly recommend trying to know at least where the events you're trying to go to. If you're going to Phil Lisbon, definitely check out the SKED S-C-H-E-D. It is super useful to allow you to highlight the different tracks that you want to go to. Very useful planning tool. Otherwise, make this website your best friend. Great. Thank you, Molly. Thank you, everyone. And thank you again to all captains for hosting events. I'm just going to wrap with some housekeeping. All right, I just want to wrap with a couple of housekeeping items before we move forward. So first one, we have a telegram group for Lab Week. If you're not already part of it, here's a QR code. I'll give you two seconds to scan it. Please join us there, because that's where we post a lot of announcements. From here, where we go, we have, I think, a short break now. And then at 4 o'clock sharp, we'll start our first breakthroughs in computing speaker series on gaming the future. You don't want to miss it. This will be from 4 to 6. And then from there, we'll have shuttles running from Convento over to the opening party at Astu for Freer. So that starts at 7. There'll be food, drinks. It's a beautiful venue. You'll love it. And from there, we'll go out to the rest of Lab Week. I did want to say, I'm very much looking forward to the couple of weeks ahead. I would be remiss if I didn't take a minute to thank all the great people who put in a ton of hard work into making this event happen. So I wanted to take a few minutes to just thank all the people who worked hard on Lab Week. First of all, starting with all the event captains, you saw each of them on stage. We have more than 40 events happening over these two weeks. Big round of applause to the captains for all the work that they put in. We also have had a great team supporting the captains. That's things like preparing resources for them, communicating to them, all the updates, things like that. PL working sessions and hacker base so that you have co-working spaces to host your own off-sites, team events, things like that. A design team, all the work that you've seen, everything visually around here has been thanks to this design team, video teams as well, making sure that the AV and the livestream, everything works well. Our legal people and finance teams who've done amazing work on all the contracts, finance, budgets, people support issues. We've also had a big team doing marketing and outreach, making sure that everyone's aware of all the great work that's happening and getting people to register for all the events here. A merge team, anyone who hasn't been up to see the merge marketplace upstairs. Thank you. Okay, I guess the HDMI thing messed up, but I'll just go through the last few people. Leela and the merge team, if you haven't been upstairs to get swag, please do. They have a ton of great stuff. The amplified events team has also done a lot of great work. And then, last but not least, our events and operations team has done a great amount of work. So it's too bad you can't see the faces, but big round of applause again. Thank you to everyone who's shown up and helped out. And with that, that's it. We'll see you back again at four o'clock for the first of the Breakthrough Series. Thank you, everyone.