Full Transcript for Does the World Actually Need Web3? Spoiler: Yes.

and names registrations are available on any of our Web3. 00:07:39.944 --> 00:07:43.327 Tlds owned on the free name protocol, tlds owned on the free day protocol. 00:07:43.327 --> 00:07:50.536 You can find those TLDs easy in the registration pass to get your own SLT very easily at iHeartDomainscom. 00:07:50.536 --> 00:07:55.341 Those TLDs are dgen, exchain and defi, wallet. 00:07:55.341 --> 00:08:01.973 And again, buy once, own forever, no renewals and growing every single day with utility, all right. 00:08:02.800 --> 00:08:05.649 Well, now, without further ado, I'm going to get into the main discussion. 00:08:05.649 --> 00:08:10.990 As you can see at the top, the title is Does the World Need Web3? 00:08:10.990 --> 00:08:15.928 And I know we've talked about this in some capacity. 00:08:15.928 --> 00:08:20.081 Probably in every conversation that we have or every conversation that is had right. 00:08:20.081 --> 00:08:37.591 We're continuously justifying the existence of Web3 or justifying one platform or project or another, but I think it's usually from the lens or the context of our specific product, and we have this invisible user base of customers who think are just going to get it. 00:08:39.221 --> 00:08:42.044 And I don't think ever we well, not often. 00:08:42.044 --> 00:08:49.062 I don't think we ever step back and really ask ourselves does the rest of the world right? 00:08:49.062 --> 00:08:52.991 The people outside of the bubble, outside of the neural bubble, right? 00:08:52.991 --> 00:08:55.604 Do they actually need Web3? 00:08:55.604 --> 00:08:58.309 And how do I communicate that value right? 00:08:58.309 --> 00:09:01.727 And that's probably one of the major hurdles. 00:09:01.727 --> 00:09:06.086 I think that, if we learn to perfect, to overcome can lead to other conversations. 00:09:06.086 --> 00:09:11.090 Last week or the week before, we talked about things like our elevator pitch and onboarding normies into Web3. 00:09:11.090 --> 00:09:20.956 And the obstacle in that is that often we have to have the conversation about Web3 prior to being able to dive into the value of what we're actually in the space to do. 00:09:20.956 --> 00:09:26.711 Learning about the why of Web3 can help make that conversation easier. 00:09:26.711 --> 00:09:43.952 So, diving in, right now we're seeing major brands like Amazon, walmart, shopify, paypal seems like Venmo more every single day, and I know I'm leaving out some big ones, but we're starting to see these major household brands embracing crypto and stable coins. 00:09:44.801 --> 00:09:47.240 Why are these industry giants suddenly jumping into crypto? 00:09:47.240 --> 00:09:51.304 Is it just hype or does it signal a real shift? 00:09:51.304 --> 00:09:56.162 Well, I personally think that they see the future that is destined to come. 00:09:56.162 --> 00:10:05.847 So let's talk about first things first, right, when we talk about does the world need Web3, well, what exactly even is Web3, right? 00:10:05.847 --> 00:10:10.240 Well, simply put, web3 is the centralized feature of the internet. 00:10:10.240 --> 00:10:16.061 Right, it's unlike today's internet, which is controlled largely by a few giant companies. 00:10:16.061 --> 00:10:21.572 Web3 puts power back into your hands, giving ownership of your data, identity and money. 00:10:21.572 --> 00:10:23.522 Think about it, right. 00:10:23.522 --> 00:10:29.941 Instead of your data being owned by big conglomerates like Facebook or X, which we're on right now, or Google, you control it. 00:10:29.941 --> 00:10:39.684 Instead of banks controlling your money, you're able to hold the keys to your own assets and move money around your money as you please. 00:10:39.684 --> 00:10:52.809 And I'm sharing that whole definition, because really understanding the true value, the core value and ethos of Web3 can also aid in helping you communicate the value to other people. 00:10:52.809 --> 00:10:56.150 But again, why is this suddenly now gaining steam? 00:10:56.150 --> 00:11:07.255 It's because people are starting to realize that the older that is broken, right, we're facing constant data breaches, censorship issues, financial exclusions. 00:11:07.255 --> 00:11:11.576 I mean, again, we just told you about what's going on with AI right now To get a good AI domain. 00:11:11.576 --> 00:11:14.979 You're not looking at hand registration numbers, right? 00:11:14.979 --> 00:11:22.491 People are looking for something better, something more accessible. 00:11:22.491 --> 00:11:24.136 Web3 is more than just cool tech. 00:11:24.136 --> 00:11:28.764 It's about returning control, ownership and fairness back to the users. 00:11:28.764 --> 00:11:38.005 So, at the end of the day, it's really important to understand that there really is a point and an ethos behind this, because it makes it easier for you to stand right, like people say, say it with your chest. 00:11:38.005 --> 00:11:40.808 It makes it a lot easier to do that when you have that true conviction. 00:11:42.000 --> 00:11:42.965 So now let's talk. 00:11:42.965 --> 00:11:45.448 Let's go back to, like, the Walmart and all that. 00:11:45.448 --> 00:11:51.413 Let's go back to these big players, right, all these household brands that are making significant moves towards crypto adoption. 00:11:51.413 --> 00:11:59.672 And, for those of you who aren't already familiar with the news, right, amazon and Walmart are apparently going to introduce their own stable coin. 00:11:59.672 --> 00:12:03.650 So I don't know a Walmart buck, amazon dollar. 00:12:03.650 --> 00:12:08.551 You're eventually going to see one of those in the ecosystem. 00:12:08.551 --> 00:12:19.350 Right, it's coming Shopify, partnered with Coinbase, I believe, to integrate USDC payments, paypal and Venmo was at the beginning of this year, I think, or late last year. 00:12:20.140 --> 00:12:22.028 Some little bit of time ago hadn't even been that long. 00:12:22.028 --> 00:12:33.355 Them and their integration and being able

to now send crypto and enabling millions of their users to send and integrate with or interact with crypto just like it's cash. 00:12:33.355 --> 00:12:39.491 Right, these big brands have now entered the space and found a way to make their mark on Web3. 00:12:39.491 --> 00:12:42.187 But here's the question like why? 00:12:42.187 --> 00:12:48.169 Now, right, are these companies just chasing a trend or do they see something deeper? 00:12:48.169 --> 00:12:57.181 I've alluded to this in previous conversations and this is where I see, at least from their perspective, where I see the value. 00:12:57.181 --> 00:13:02.230 They see a simpler, faster and cheaper global payment system. 00:13:02.230 --> 00:13:07.951 Traditional money moves slow, it is very costly and it has limits. 00:13:07.951 --> 00:13:16.354 Crypto, and especially stablecoins, which would now justify their reason for wanting to issue their own dollar, that really solves it instantly. 00:13:16.354 --> 00:13:20.270 For brands, crypto isn't just cool, it's better business. 00:13:20.841 --> 00:13:24.991 Again, there is a whole world behind merchant payments and merchant services. 00:13:24.991 --> 00:13:32.590 I come from that world right, that was a profession of mine for quite some time and there are real costs. 00:13:32.590 --> 00:13:38.652 I mean literally to get in the door of a business if you're in a merchant, if you're a merchant service account representative. 00:13:38.652 --> 00:13:44.322 99% of them are leading with cost as the reason for why that merchant should talk to them about their program. 00:13:44.322 --> 00:14:00.051 Cost is a pain for any business owner, small or large, and it's ridiculous to a lot of business owners the fact that it costs money to accept money, and so it's natural that we're continuously looking for ways to optimize that. 00:14:01.373 --> 00:14:10.548 Crypto is probably, at least right now, the technology that exists is the cheapest and fastest possible way to accept payments, so it's not a matter of if. 00:14:10.548 --> 00:14:17.027 It's a matter of when the rest of the world wakes up to this as a payment processing method. 00:14:17.027 --> 00:14:21.756 Like I said, what this does now. 00:14:21.756 --> 00:14:38.447 When these mainstream brands start to integrate this type of payment processing and, in essence, they integrate crypto right and understand when they do this, everyone that is now their customer, if they wanna take advantage of whatever it is they've integrated now becomes a customer of crypto. 00:14:38.447 --> 00:14:44.567 So overnight, amazon, walmart, shopify have essentially introduced crypto to billions of people. 00:14:44.567 --> 00:15:01.563 For those same billions of people, this may potentially be their first crypto experience, and they'll do so because these are brands that they trust, and there are gonna be many more, and this first experience is gonna introduce people to wallets. 00:15:01.563 --> 00:15:20.835 A percentage of them, just like anything else, will take the deep dive further, will wanna look at decentralization and taking their money off, whatever Amazon wallet or Walmart wallet gets created, and then this is where the opportunity for us and for additional naming becomes really pretty much a no-brainer right. 00:15:20.835 --> 00:15:23.488 So now think about the impact. 00:15:23.488 --> 00:15:28.711 Small businesses worldwide eventually will start accepting crypto payments from anywhere. 00:15:28.711 --> 00:15:39.642 What this enables for individuals, right, is people who don't trust traditional banks now have access to financial services and, of course, global instant transactions. 00:15:39.642 --> 00:15:42.024 This improves the payment processing system. 00:15:42.024 --> 00:15:52.610 So we're looking at potentially crypto with any one of these particular merchants moving the needle from niche to mainstream overnight. 00:15:52.610 --> 00:15:58.654 That's the tipping point that we in the naming space and everyone who's building a Web3 is waiting for. 00:16:00.076 --> 00:16:01.557 So now let's get to the nitty gritty, right. 00:16:01.557 --> 00:16:02.876 Let's be practical. 00:16:02.876 --> 00:16:12.285 Why should the average person really care about Web3 or crypto adoption? 00:16:12.285 --> 00:16:17.903 Well, again, going back to explaining benefits that the average person anyone can understand Financial freedom. 00:16:17.903 --> 00:16:22.539 So going back to controlling your own money, no reliance on traditional banks or borders. 00:16:22.539 --> 00:16:28.863 There is a substantial portion of the demographic that is unbanked. 00:16:28.863 --> 00:16:34.544 Some are unbanked because of choice, some are unbanked not because of choice. 00:16:34.544 --> 00:16:50.152 And access to wallets and decentralized finance and decentralized tokens opens up again the ability to have financial freedom to not everyone, irregard know any borders or any obstacles that are your way Again, this permissionless environment. 00:16:50.152 --> 00:16:55.674 So for many, financial freedom is going to be the biggest benefit to coming on the blockchain there. 00:16:55.695 --> 00:16:57.995 Why Instant transactions? 00:16:57.995 --> 00:17:00.856 You know, making transactions faster. 00:17:00.856 --> 00:17:05.239 If you can pay for something faster, well, you can receive something faster, can't you? 00:17:05.239 --> 00:17:06.862 Well, you can receive something faster, can't you? 00:17:06.862 --> 00:17:20.477 It kind of works both ways, right, if you are in, small business has many meetings, but if you're like a super small business, a business of one, you're not really able to take advantage of some of the corporate suites and stuff like that are out there. 00:17:20.477 --> 00:17:31.482 So still, you're able to benefit just from base functionality of cryptocurrency as a small business owner, from that two-way street. 00:17:31.482 --> 00:17:39.106 If you're paying someone in crypto and you're

wanting to receive a good, they have no excuse not to deliver that good instantly and most often than not, if you're buying anything on chain, it's being delivered via smart contract. 00:17:39.106 --> 00:17:41.441 So we're talking about instant transactions. 00:17:41.441 --> 00:18:12.039 But same thing if you're wanting to receive payment for doing something, right, being able to accept cryptocurrency as a small merchant, as a mom and pop, somebody who braids hair, somebody who's just selling something at a garage sale If you're able to get your money instantly in your wallet, so without any charge, and that's the other thing too, if you go through it, if you, if you know, you know, if you're a business owner that runs a lot of transactions too, and we'll see, kind of how this plays out. 00:18:12.099 --> 00:18:14.846 Because consumer protection, that's obviously needed. 00:18:14.846 --> 00:18:23.922 I think there should be a system where people, if they are defrauded or if they don't get something for their uh, for what they pay for, they should have a way to to dispute that. 00:18:23.922 --> 00:18:29.830 But the chargeback system in general, when it comes to like MasterCard and Visa, it's a headache. 00:18:29.830 --> 00:18:44.593 It's something that if you're a small business, it can ruin your month If you have a big chargeback that comes through and you don't have the money really to cover it, and so again, how that kind of works itself out and creates a balance, we'll see. 00:18:44.593 --> 00:18:54.542 But now at least, like the general benefit that you can like really kind of count on right in a straight up one-on-one transaction, is that you're protected essentially from chargebacks. 00:18:54.542 --> 00:18:55.144 You get my point. 00:18:55.144 --> 00:19:14.201 So instant transactions, being able to get your money instantly, no fees, no delays, not disappearing out of your wallet the next day All of that good stuff is really big benefits that are easily communicable to other people and then again, being able to own your own data, your identity and digital assets. 00:19:14.201 --> 00:19:15.625 It feels good. 00:19:16.426 --> 00:19:19.271 So first let's expand on digital assets. 00:19:19.271 --> 00:19:20.539 Digital assets means a lot. 00:19:20.539 --> 00:19:22.064 It doesn't just mean NFTs. 00:19:22.064 --> 00:19:24.910 It doesn't even just mean domains and TLDs. 00:19:24.910 --> 00:19:30.647 There are a lot of things that are going to be brought on chain, including your business itself. 00:19:30.647 --> 00:19:45.834 Even currently today, you can create LLCs, full corporations with wallets, with tokens, with all kinds of things attached to them, completely on chain, and owning these things in your wallet, where you feel secure with your keys, is a big benefit for security and also for keeping these things private and out of the hands of other people. 00:19:45.834 --> 00:19:51.269 Things in your wallet where you feel secure with your keys, is a

big benefit for security and also for keeping these things private and out of the hands of other people. 00:19:52.520 --> 00:20:02.088 Again, as we have more adoption and as there's more on ramps and more UI that makes this easy for most people to understand and interact with, you're going to see a lot more of it. 00:20:02.088 --> 00:20:02.810 It will click. 00:20:02.810 --> 00:20:04.144 It's not hard to click. 00:20:04.144 --> 00:20:10.359 And the last reason is again, again, universal access, equal access for anyone. 00:20:10.359 --> 00:20:14.230 Anyone with an Internet connection can access blockchain. 00:20:14.230 --> 00:20:38.297 I don't know if there are countries that can like, intercept Internet and do all that, but for the most part, I'm at least confidently saying that I think every human being can somehow, some way get access to blockchain or a connection to the Internet and, with that being said, every single human being has equal access to the blockchain. 00:20:38.297 --> 00:20:45.199 And that is probably something that I don't know of anything or any technological revolution where that's ever been the case. 00:20:45.285 --> 00:21:04.346 There's always been some sort of barrier, whether it be the equipment to either to even get on, so, like back in the day, right to get on the original internet, you had to have a computer right and computers were thousands of dollars and this was in what the 90s we're not every I mean thousands of dollars was a lot of money back then, so it was inaccessible. 00:21:04.346 --> 00:21:06.570 You're accessing the computer at libraries. 00:21:06.570 --> 00:21:10.015 You're accessing the computer, probably at your work, if they were funded. 00:21:10.015 --> 00:21:11.277 You accessing the computer at libraries. 00:21:11.277 --> 00:21:13.299 You're accessing the computer, probably at your work, if they were funded. 00:21:13.299 --> 00:21:14.981 You're accessing your computer at school. 00:21:14.981 --> 00:21:18.127 A lot of people originally didn't have it in their home and some people still don't now, depending on. 00:21:18.127 --> 00:21:19.892 I mean, computers are, again, depending on where you're at. 00:21:19.892 --> 00:21:24.835 A lot of people still don't have access to it now, but if you got a cell phone, you can get on the blockchain. 00:21:24.835 --> 00:21:34.689 You can create an entire business on chain, receive, send cryptocurrency. 00:21:34.709 --> 00:21:36.712 The system is, for the most part, fair to everyone. 00:21:36.712 --> 00:21:39.258 Dapps work for everyone, it doesn't matter where you're at. 00:21:39.258 --> 00:21:39.598 So that is again. 00:21:39.598 --> 00:21:46.337 Web3 will and does now make life easier, fairer, faster and cheaper, and that's something I think everyone can appreciate. 00:21:47.625 --> 00:21:51.054 So how do you prepare people for this Web3 future, right? 00:21:51.054 --> 00:21:52.738 How do you communicate this to people? 00:21:52.738 --> 00:22:06.731 Well, again, going back to just the simple thing that we continuously harp on, what you're doing right now is you're getting, for me, education, and what you give to other people is education, and that's where this all starts. 00:22:06.731 --> 00:22:13.690 Understanding Web3 basics, crypto wallets, digital identity puts both us and anyone that we speak to miles ahead. 00:22:13.690 --> 00:22:19.672 Telling somebody or onboarding someone and letting them know hey, even if you don't get it now, you'll get it at some point. 00:22:21.545 --> 00:22:31.212 This is sometimes again and, as I said, the last, I think the last tech talk giving somebody a domain for free, onboarding them. 00:22:31.212 --> 00:22:39.173 That way, you know, that may be the service that you do to get people prepared for what we know, what's going to come Other educational services out there. 00:22:39.173 --> 00:22:43.336 Again, we created a certification course, the Fundamentals of Web 3.0 Industrial ID. 00:22:43.336 --> 00:22:54.405 It's about to be live in a couple weeks at learnweb3.xyz, also learnweb3.app, and I'm not trying to shill it, I'm just saying these type of and there's more structured resources out there. 00:22:54.405 --> 00:23:04.974 But more structured resources like that, formal resources to help prepare students, job seekers, employers, anybody for the future that's inevitable in Web3. 00:23:04.974 --> 00:23:31.489 These are the things that we need more and more of, because, again, when people start seeing these benefits and when people start applying these benefits and as more large corporations start quote kind of in an essence, forcing it on people to an extent, they'll be better prepared for it, better to take advantage of it and I would assume, just like in typical Amazon or Walmart fashion, again, they're going to do a lot of work for us and we're extremely lucky. 00:23:31.489 --> 00:23:33.776 That's why I'm always bullish when they come up with these announcements. 00:23:33.776 --> 00:23:46.141 I see Walmart incentivizing some way people to experiment with this new thing called Web3 and their stable coin maybe getting cash back if you pay in their coin, or something like that. 00:23:46.141 --> 00:23:48.630 So, again, pay attention to what's going on out there. 00:23:48.630 --> 00:23:53.710 Use this in your tool book when you're pitching to people and let them know, like this isn't. 00:23:54.111 --> 00:23:57.241 We're not talking about a future, about make-believe. 00:23:57.241 --> 00:23:59.207 We're talking about things that are happening. 00:23:59.207 --> 00:24:01.953 We're talking about these. 00:24:01.953 --> 00:24:03.356 Stable coins are being created. 00:24:03.356 --> 00:24:04.046 This is happening. 00:24:04.046 --> 00:24:07.534 This ecosystem is being adopted by major players. 00:24:07.534 --> 00:24:10.349 It makes sense in more ways than one. 00:24:11.071 --> 00:24:16.828 Again, it's not just about fun monkey pictures and wagging me and trading tokens and

getting dumped on. 00:24:16.828 --> 00:24:28.074 There is real technology and real benefit here, and there are billions and trillions of dollars out there that can be saved or optimized by saving money through blockchain and the speed that blockchain offers. 00:24:28.074 --> 00:24:33.596 So, kind of wrapping it up, does the world really need Web3? 00:24:33.596 --> 00:24:41.938 Absolutely, again, because Web3 represents fairness, speed, freedom and innovation. 00:24:41.938 --> 00:24:46.449 The recent moves again by these big players prove this shift is already underway. 00:24:46.449 --> 00:24:50.176 The world isn't just ready for Web 3.0, it's already embracing it. 00:24:50.176 --> 00:24:52.930 Early education and adoption matter. 00:24:52.930 --> 00:25:03.613 I encourage you to continue to check out and study educational resources, claim your digital identity and get ready, because, again, web 3.0 is here and it's changing everything. 00:25:04.424 --> 00:25:05.830 I want to thank you guys all for tuning in live to this Tech Talk. 00:25:05.830 --> 00:25:05.951 Again. 00:25:05.951 --> 00:25:08.019 These are recorded live here and then these are also posted in the next couple of changing everything. 00:25:08.019 --> 00:25:09.444 I want to thank you guys all for tuning in live to this Tech Talk. 00:25:09.444 --> 00:25:13.355 Again, these are recorded live here and then these are also posted in the next couple of days to our podcast. 00:25:13.355 --> 00:25:21.951 If you guys are interested in listening to any of our past episodes of our Tech Talk, you can easily reach us at techtalkhost. 00:25:22.424 --> 00:25:30.511 Again, we do this typically on every Friday each week to dive into a new topic focused around digital identity and web through domain names. 00:25:30.511 --> 00:25:34.665 Did it today, on Thursday, because I actually have a super busy weekend. 00:25:34.665 --> 00:25:46.530 This weekend I'm going to a tech startup boot camp, so going to be introducing again, going to be taking in some alpha and going to be giving some alpha as well. 00:25:46.530 --> 00:25:50.897 This is another great tactic for anybody also that's building in the space. 00:25:50.897 --> 00:25:57.676 If you have any local events near you, any entrepreneur, startup, tech events, it's a way to get your feet wet with introducing this. 00:25:57.904 --> 00:26:02.665 Trust me, people are hearing about this and they're curious, but they're hearing it in just glimpses. 00:26:02.665 --> 00:26:05.972 They're seeing it little pieces of the news, a little tweet here. 00:26:05.972 --> 00:26:09.647 The first person to really break this down to them might be you. 00:26:09.647 --> 00:26:15.669 And again, once they hear all this, they may just realize that they in fact do need Web3. 00:26:15.669 --> 00:26:18.074 Yeah, thank you guys for tuning in. 00:26:18.074 --> 00:26:20.967 Talk to you guys next Friday on the regular schedule. 00:26:20.967 --> 00:26:22.951 Focus on your mission and not your condition. 00:26:22.951 --> 00:26:25.685 Thank you for attending this Tech Talk. 00:26:25.685 --> 00:26:26.728 Talk to you guys next week.