WEBVTT Kind: captions Language: en 00:00:00.000 --> 00:00:04.350 align:start position:0% foreign 00:00:04.350 --> 00:00:04.360 align:start position:0% 00:00:04.360 --> 00:00:16.430 align:start position:0% [Music] 00:00:16.430 --> 00:00:16.440 align:start position:0% 00:00:16.440 --> 00:00:20.090 align:start position:0% okay<00:00:17.160> and<00:00:17.580> now<00:00:17.880> for<00:00:18.240> our<00:00:18.539> next<00:00:18.720> talk<00:00:19.020> on<00:00:19.680> the 00:00:20.090 --> 00:00:20.100 align:start position:0% okay and now for our next talk on the 00:00:20.100 --> 00:00:22.730 align:start position:0% okay and now for our next talk on the web<00:00:20.279> 3<00:00:20.520> social<00:00:20.880> layer<00:00:21.359> web3<00:00:21.960> social<00:00:22.260> the<00:00:22.619> next 00:00:22.730 --> 00:00:22.740 align:start position:0% web 3 social layer web3 social the next 00:00:22.740 --> 00:00:25.630 align:start position:0% web 3 social layer web3 social the next wave<00:00:23.039> of<00:00:23.160> innovation<00:00:23.600> by<00:00:24.600> Stoney<00:00:24.960> kulichoff 00:00:25.630 --> 00:00:25.640 align:start position:0% wave of innovation by Stoney kulichoff 00:00:25.640 --> 00:00:28.070 align:start position:0% wave of innovation by Stoney kulichoff stani<00:00:26.640> is<00:00:26.760> the<00:00:26.880> founder<00:00:27.180> and<00:00:27.300> CEO<00:00:27.720> of<00:00:27.960> Ave 00:00:28.070 --> 00:00:28.080 align:start position:0% stani is the founder and CEO of Ave 00:00:28.080 --> 00:00:30.529 align:start position:0% stani is the founder and CEO of Ave companies<00:00:28.800> he<00:00:29.519> was<00:00:29.699> studying<00:00:30.060> law<00:00:30.240> at<00:00:30.420> the 00:00:30.529 --> 00:00:30.539 align:start position:0% companies he was studying law at the 00:00:30.539 --> 00:00:32.510 align:start position:0% companies he was studying law at the University<00:00:30.720> of<00:00:31.019> Helsinki<00:00:31.679> when<00:00:32.220> he<00:00:32.340> first 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align:start position:0% network this led to an exploration of how<00:00:38.340> blockchain<00:00:38.760> technology<00:00:39.300> could<00:00:39.899> impact 00:00:40.190 --> 00:00:40.200 align:start position:0% how blockchain technology could impact 00:00:40.200 --> 00:00:42.170 align:start position:0% how blockchain technology could impact the<00:00:40.379> traditional<00:00:40.800> Financial<00:00:41.100> system 00:00:42.170 --> 00:00:42.180 align:start position:0% the traditional Financial system 00:00:42.180 --> 00:00:44.670 align:start position:0% the traditional Financial system please<00:00:42.660> welcome<00:00:42.840> Sony<00:00:43.260> to<00:00:43.500> the<00:00:43.620> stage 00:00:44.670 --> 00:00:44.680 align:start position:0% please welcome Sony to the stage 00:00:44.680 --> 00:00:54.350 align:start position:0% please welcome Sony to the stage [Applause] 00:00:54.350 --> 00:00:54.360 align:start position:0% 00:00:54.360 --> 00:00:56.389 align:start position:0% Jim 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and 00:01:16.010 --> 00:01:16.020 align:start position:0% talks here and 00:01:16.020 --> 00:01:18.890 align:start position:0% talks here and um<00:01:16.080> and<00:01:16.619> it's<00:01:17.220> the<00:01:17.400> last<00:01:17.520> day<00:01:17.760> so<00:01:18.060> you<00:01:18.420> know<00:01:18.540> the 00:01:18.890 --> 00:01:18.900 align:start position:0% um and it's the last day so you know the 00:01:18.900 --> 00:01:21.230 align:start position:0% um and it's the last day so you know the the<00:01:19.020> best<00:01:19.260> talk<00:01:19.439> is<00:01:19.740> probably<00:01:20.040> uh<00:01:20.700> amongst 00:01:21.230 --> 00:01:21.240 align:start position:0% the best talk is probably uh amongst 00:01:21.240 --> 00:01:22.249 align:start position:0% the best talk is probably uh amongst here<00:01:21.360> too 00:01:22.249 --> 00:01:22.259 align:start position:0% here too 00:01:22.259 --> 00:01:24.649 align:start position:0% here too um 00:01:24.649 --> 00:01:24.659 align:start position:0% 00:01:24.659 --> 00:01:26.570 align:start position:0% um<00:01:24.840> don't<00:01:25.200> want<00:01:25.500> to<00:01:25.619> brag<00:01:25.860> too<00:01:25.979> much<00:01:26.100> but<00:01:26.340> so 00:01:26.570 --> 00:01:26.580 align:start position:0% um don't want to brag too much but so 00:01:26.580 --> 00:01:27.830 align:start position:0% um don't want to brag too much but so okay<00:01:26.759> today<00:01:27.060> we're<00:01:27.299> going<00:01:27.420> to<00:01:27.540> talk<00:01:27.659> about 00:01:27.830 --> 00:01:27.840 align:start position:0% okay today we're going to talk about 00:01:27.840 --> 00:01:29.929 align:start position:0% okay today we're going to talk about web3<00:01:28.740> social 00:01:29.929 --> 00:01:29.939 align:start position:0% web3 social 00:01:29.939 --> 00:01:35.030 align:start position:0% web3 social um<00:01:30.000> and<00:01:30.360> as<00:01:30.720> a<00:01:30.900> next<00:01:31.020> innovation 00:01:35.030 --> 00:01:35.040 align:start position:0% 00:01:35.040 --> 00:01:37.609 align:start position:0% see<00:01:35.400> if<00:01:35.520> we<00:01:35.700> get<00:01:35.820> this<00:01:36.060> yeah<00:01:36.420> perfect<00:01:36.960> so 00:01:37.609 --> 00:01:37.619 align:start position:0% see if we get this yeah perfect so 00:01:37.619 --> 00:01:40.370 align:start position:0% see if we get this yeah perfect so something<00:01:37.860> I<00:01:38.100> want<00:01:38.220> to<00:01:38.400> talk<00:01:38.759> about<00:01:38.880> is<00:01:39.360> that 00:01:40.370 --> 00:01:40.380 align:start position:0% something I want to talk about is that 00:01:40.380 --> 00:01:43.429 align:start position:0% something I want to talk about is that um The<00:01:41.040> Innovation<00:01:41.880> for<00:01:42.420> the<00:01:42.600> past 00:01:43.429 --> 00:01:43.439 align:start position:0% um The Innovation for the past 00:01:43.439 --> 00:01:46.210 align:start position:0% um The Innovation for the past um years<00:01:43.979> or<00:01:44.159> decades<00:01:44.640> has<00:01:45.420> grown<00:01:45.659> quite 00:01:46.210 --> 00:01:46.220 align:start position:0% um years or decades has grown quite 00:01:46.220 --> 00:01:50.090 align:start position:0% um years or decades has grown quite substantially<00:01:47.220> and<00:01:47.460> has<00:01:47.700> accelerated<00:01:48.299> so 00:01:50.090 --> 00:01:50.100 align:start position:0% substantially and has accelerated so 00:01:50.100 --> 00:01:52.730 align:start position:0% substantially and has accelerated so um if<00:01:50.340> you<00:01:50.460> look<00:01:50.579> at<00:01:50.700> that<00:01:50.880> for<00:01:51.360> 100<00:01:51.600> years<00:01:51.960> we 00:01:52.730 --> 00:01:52.740 align:start position:0% um if you look at that for 100 years we 00:01:52.740 --> 00:01:54.410 align:start position:0% um if you look at that for 100 years we have<00:01:52.860> Technologies<00:01:53.399> for<00:01:54.000> example<00:01:54.180> like 00:01:54.410 --> 00:01:54.420 align:start position:0% have Technologies for example like 00:01:54.420 --> 00:01:57.289 align:start position:0% have Technologies for example like telephone<00:01:54.659> that<00:01:55.140> has<00:01:55.259> been<00:01:55.439> invented<00:01:56.100> or<00:01:57.060> 100 00:01:57.289 --> 00:01:57.299 align:start position:0% telephone that has been invented or 100 00:01:57.299 --> 00:01:59.090 align:start position:0% telephone that has been invented or 100 years<00:01:57.659> ago<00:01:57.960> and<00:01:58.200> it<00:01:58.380> took<00:01:58.560> decades<00:01:58.920> to 00:01:59.090 --> 00:01:59.100 align:start position:0% years ago and it took decades to 00:01:59.100 --> 00:02:02.510 align:start position:0% years ago and it took decades to actually<00:01:59.280> adopt<00:01:59.880> uh<00:02:00.540> automobiles<00:02:01.340> cars<00:02:02.340> for 00:02:02.510 --> 00:02:02.520 align:start position:0% actually adopt uh automobiles cars for 00:02:02.520 --> 00:02:04.670 align:start position:0% actually adopt uh automobiles cars for example<00:02:02.700> took<00:02:03.119> decades<00:02:03.540> as<00:02:03.659> well 00:02:04.670 --> 00:02:04.680 align:start position:0% example took decades as well 00:02:04.680 --> 00:02:06.709 align:start position:0% example took decades as well um<00:02:04.740> and<00:02:04.979> more<00:02:05.159> recently<00:02:05.520> for<00:02:05.820> example 00:02:06.709 --> 00:02:06.719 align:start position:0% um and more recently for example 00:02:06.719 --> 00:02:09.589 align:start position:0% um and more recently for example um<00:02:06.840> the<00:02:07.320> television<00:02:07.740> has<00:02:08.160> got<00:02:08.640> higher 00:02:09.589 --> 00:02:09.599 align:start position:0% um the television has got higher 00:02:09.599 --> 00:02:12.530 align:start position:0% um the television has got higher acceleration<00:02:10.319> and<00:02:10.800> and<00:02:11.039> also<00:02:11.459> uh<00:02:12.300> the 00:02:12.530 --> 00:02:12.540 align:start position:0% acceleration and and also uh the 00:02:12.540 --> 00:02:14.390 align:start position:0% acceleration and and also uh the infrastructure<00:02:13.080> underneath<00:02:13.560> the<00:02:14.220> internet 00:02:14.390 --> 00:02:14.400 align:start position:0% infrastructure underneath the internet 00:02:14.400 --> 00:02:17.330 align:start position:0% infrastructure underneath the internet the<00:02:15.000> the<00:02:15.180> computer<00:02:15.420> and<00:02:16.379> what<00:02:16.860> we've<00:02:17.099> seen 00:02:17.330 --> 00:02:17.340 align:start position:0% the the computer and what we've seen 00:02:17.340 --> 00:02:19.670 align:start position:0% the the computer and what we've seen different<00:02:17.640> kinds<00:02:18.000> of<00:02:18.000> patterns<00:02:18.480> is<00:02:18.720> that<00:02:19.080> the 00:02:19.670 --> 00:02:19.680 align:start position:0% different kinds of patterns is that the 00:02:19.680 --> 00:02:22.309 align:start position:0% different kinds of patterns is that the more<00:02:19.800> we<00:02:20.040> get<00:02:20.160> infrastructure<00:02:20.900> The<00:02:21.900> More<00:02:22.020> We 00:02:22.309 --> 00:02:22.319 align:start position:0% more we get infrastructure The More We 00:02:22.319 --> 00:02:24.550 align:start position:0% more we get infrastructure The More We Get<00:02:23.000> compounding 00:02:24.550 --> 00:02:24.560 align:start position:0% Get compounding 00:02:24.560 --> 00:02:27.770 align:start position:0% Get compounding acceleration<00:02:25.560> of<00:02:25.920> innovation<00:02:26.459> and<00:02:27.360> this<00:02:27.660> is 00:02:27.770 --> 00:02:27.780 align:start position:0% acceleration of innovation and this is 00:02:27.780 --> 00:02:29.510 align:start position:0% acceleration of innovation and this is one<00:02:27.959> of<00:02:28.080> the<00:02:28.140> reasons<00:02:28.440> for<00:02:28.620> why<00:02:29.040> for<00:02:29.280> example 00:02:29.510 --> 00:02:29.520 align:start position:0% one of the reasons for why for example 00:02:29.520 --> 00:02:31.309 align:start position:0% one of the reasons for why for example the<00:02:30.000> internet<00:02:30.120> infrastructure<00:02:30.780> has<00:02:31.020> grown 00:02:31.309 --> 00:02:31.319 align:start position:0% the internet infrastructure has grown 00:02:31.319 --> 00:02:33.710 align:start position:0% the internet infrastructure has grown substantially 00:02:33.710 --> 00:02:33.720 align:start position:0% substantially 00:02:33.720 --> 00:02:34.250 align:start position:0% substantially um 00:02:34.250 --> 00:02:34.260 align:start position:0% um 00:02:34.260 --> 00:02:37.369 align:start position:0% um and<00:02:34.800> if<00:02:34.860> we<00:02:35.099> look<00:02:35.280> into<00:02:35.400> the<00:02:36.060> um 00:02:37.369 --> 00:02:37.379 align:start position:0% and if we look into the um 00:02:37.379 --> 00:02:40.610 align:start position:0% and if we look into the um I<00:02:38.040> guess 00:02:40.610 --> 00:02:40.620 align:start position:0% 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ecosystem<00:02:49.500> is<00:02:49.860> that<00:02:50.099> we<00:02:50.400> have<00:02:50.580> a<00:02:50.760> lot<00:02:50.879> of 00:02:51.110 --> 00:02:51.120 align:start position:0% um ecosystem is that we have a lot of 00:02:51.120 --> 00:02:54.830 align:start position:0% um ecosystem is that we have a lot of adoption<00:02:52.099> uh<00:02:53.099> in<00:02:53.280> a<00:02:53.459> very<00:02:53.640> high<00:02:54.180> acceleration 00:02:54.830 --> 00:02:54.840 align:start position:0% adoption uh in a very high acceleration 00:02:54.840 --> 00:02:58.910 align:start position:0% adoption uh in a very high acceleration uh<00:02:55.379> curve<00:02:55.739> uh<00:02:56.640> on<00:02:57.060> line<00:02:57.480> so<00:02:58.140> what<00:02:58.560> it<00:02:58.680> means 00:02:58.910 --> 00:02:58.920 align:start position:0% uh curve uh on line so what it means 00:02:58.920 --> 00:03:01.210 align:start position:0% uh curve uh on line so what it means that<00:02:59.099> when<00:02:59.340> you<00:02:59.519> have<00:02:59.640> already<00:02:59.940> a 00:03:01.210 --> 00:03:01.220 align:start position:0% that when you have already a 00:03:01.220 --> 00:03:03.589 align:start position:0% that when you have already a complete<00:03:02.220> infrastructure<00:03:02.760> it's<00:03:03.120> very<00:03:03.300> easy 00:03:03.589 --> 00:03:03.599 align:start position:0% complete infrastructure it's very easy 00:03:03.599 --> 00:03:05.990 align:start position:0% complete infrastructure it's very easy to<00:03:04.080> innovate<00:03:04.800> and<00:03:05.099> have<00:03:05.280> this<00:03:05.519> compounding 00:03:05.990 --> 00:03:06.000 align:start position:0% to innovate and have this compounding 00:03:06.000 --> 00:03:08.809 align:start position:0% to innovate and have this compounding effect<00:03:06.180> and<00:03:06.720> recently<00:03:07.560> uh<00:03:08.160> we've<00:03:08.459> seen<00:03:08.519> for 00:03:08.809 --> 00:03:08.819 align:start position:0% effect and recently uh we've seen for 00:03:08.819 --> 00:03:09.710 align:start position:0% effect and recently uh we've seen for example 00:03:09.710 --> 00:03:09.720 align:start position:0% example 00:03:09.720 --> 00:03:12.649 align:start position:0% example um uh<00:03:10.500> tiktok<00:03:10.920> being<00:03:11.220> one<00:03:11.519> of<00:03:11.640> the 00:03:12.649 --> 00:03:12.659 align:start position:0% um uh tiktok being one of the 00:03:12.659 --> 00:03:17.330 align:start position:0% um uh tiktok being one of the uh<00:03:13.620> recent<00:03:14.099> examples<00:03:14.580> of<00:03:14.879> of<00:03:15.180> how<00:03:15.840> we<00:03:16.620> had<00:03:16.860> a 00:03:17.330 --> 00:03:17.340 align:start position:0% uh recent examples of of how we had a 00:03:17.340 --> 00:03:20.750 align:start position:0% uh recent examples of of how we had a scale<00:03:17.879> adoption<00:03:18.420> from<00:03:18.959> uh<00:03:19.739> zero<00:03:20.099> users<00:03:20.400> to<00:03:20.580> one 00:03:20.750 --> 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align:start position:0% to say is that the internet adoption 00:03:42.420 --> 00:03:44.270 align:start position:0% to say is that the internet adoption um<00:03:42.480> is<00:03:43.019> global<00:03:43.379> so<00:03:43.620> we're<00:03:43.860> dealing<00:03:44.099> with 00:03:44.270 --> 00:03:44.280 align:start position:0% um is global so we're dealing with 00:03:44.280 --> 00:03:47.149 align:start position:0% um is global so we're dealing with technologies<00:03:44.819> that<00:03:45.299> are<00:03:45.860> affecting<00:03:46.860> everyone 00:03:47.149 --> 00:03:47.159 align:start position:0% technologies that are affecting everyone 00:03:47.159 --> 00:03:49.130 align:start position:0% technologies that are affecting everyone every<00:03:48.000> single 00:03:49.130 --> 00:03:49.140 align:start position:0% every single 00:03:49.140 --> 00:03:52.009 align:start position:0% every single um<00:03:49.379> human<00:03:49.860> in<00:03:50.099> the<00:03:50.280> planet<00:03:50.400> and<00:03:51.239> there<00:03:51.599> is<00:03:51.840> a 00:03:52.009 --> 00:03:52.019 align:start position:0% um human in the planet and there is a 00:03:52.019 --> 00:03:54.030 align:start position:0% um human in the planet and there is a large-scale<00:03:52.799> empowerment 00:03:54.030 --> 00:03:54.040 align:start position:0% large-scale empowerment 00:03:54.040 --> 00:03:55.190 align:start position:0% large-scale empowerment [Music] 00:03:55.190 --> 00:03:55.200 align:start position:0% [Music] 00:03:55.200 --> 00:03:57.949 align:start position:0% [Music] that<00:03:56.159> is<00:03:56.280> related<00:03:56.580> to<00:03:56.940> not<00:03:57.420> only<00:03:57.540> the<00:03:57.780> internet 00:03:57.949 --> 00:03:57.959 align:start position:0% that is related to not only the internet 00:03:57.959 --> 00:04:01.910 align:start position:0% that is related to not only the internet but<00:03:58.260> what<00:03:58.440> we're<00:03:58.620> doing<00:03:58.860> here<00:03:59.599> and<00:04:00.599> the<00:04:01.260> um 00:04:01.910 --> 00:04:01.920 align:start position:0% but what we're doing here and the um 00:04:01.920 --> 00:04:04.130 align:start position:0% but what we're doing here and the um ethereum<00:04:02.580> community<00:04:02.879> and<00:04:03.239> across<00:04:03.659> across<00:04:04.019> the 00:04:04.130 --> 00:04:04.140 align:start position:0% ethereum community and across across the 00:04:04.140 --> 00:04:06.530 align:start position:0% ethereum community and across across the blockchain<00:04:04.500> space 00:04:06.530 --> 00:04:06.540 align:start position:0% blockchain space 00:04:06.540 --> 00:04:08.809 align:start position:0% blockchain space um<00:04:06.659> I<00:04:07.019> mean<00:04:07.200> even<00:04:07.739> though<00:04:07.980> with<00:04:08.280> high<00:04:08.459> amount 00:04:08.809 --> 00:04:08.819 align:start position:0% um I mean even though with high amount 00:04:08.819 --> 00:04:11.570 align:start position:0% um I mean even though with high amount of<00:04:09.000> adoption<00:04:09.900> and<00:04:10.140> penetration<00:04:10.739> there<00:04:11.459> are 00:04:11.570 --> 00:04:11.580 align:start position:0% of adoption and penetration there are 00:04:11.580 --> 00:04:15.350 align:start position:0% of adoption and penetration there are still<00:04:11.640> places<00:04:11.879> where<00:04:12.920> in<00:04:13.920> some<00:04:14.099> regions<00:04:14.640> the 00:04:15.350 --> 00:04:15.360 align:start position:0% still places where in some regions the 00:04:15.360 --> 00:04:18.890 align:start position:0% still places where in some regions the adoption<00:04:15.720> of<00:04:15.900> the<00:04:16.079> Internet<00:04:16.760> isn't<00:04:17.760> really<00:04:17.940> in 00:04:18.890 --> 00:04:18.900 align:start position:0% adoption of the Internet isn't really in 00:04:18.900 --> 00:04:20.569 align:start position:0% adoption of the Internet isn't really in its<00:04:19.139> fullest<00:04:19.380> at<00:04:19.560> the<00:04:19.680> moment<00:04:19.799> so<00:04:20.100> for<00:04:20.340> example 00:04:20.569 --> 00:04:20.579 align:start position:0% its fullest at the moment so for example 00:04:20.579 --> 00:04:25.969 align:start position:0% its fullest at the moment so for example if<00:04:21.299> you<00:04:21.419> look<00:04:21.600> at<00:04:21.860> the<00:04:22.860> graph<00:04:23.400> of<00:04:23.820> uh<00:04:24.180> sub<00:04:25.020> uh 00:04:25.969 --> 00:04:25.979 align:start position:0% if you look at the graph of uh sub uh 00:04:25.979 --> 00:04:28.370 align:start position:0% if you look at the graph of uh sub uh the<00:04:26.220> sub-Saharan<00:04:27.060> Africa<00:04:27.540> we<00:04:27.840> have<00:04:27.900> adoption 00:04:28.370 --> 00:04:28.380 align:start position:0% the sub-Saharan Africa we have adoption 00:04:28.380 --> 00:04:32.930 align:start position:0% the sub-Saharan Africa we have adoption of<00:04:28.500> roughly<00:04:29.120> 30<00:04:30.500> of<00:04:31.500> population<00:04:31.740> using<00:04:32.400> the 00:04:32.930 --> 00:04:32.940 align:start position:0% of roughly 30 of population using the 00:04:32.940 --> 00:04:36.110 align:start position:0% of roughly 30 of population using the internet<00:04:33.060> itself<00:04:33.600> Colombia<00:04:34.500> is<00:04:34.680> at<00:04:34.919> 70<00:04:35.400> so 00:04:36.110 --> 00:04:36.120 align:start position:0% internet itself Colombia is at 70 so 00:04:36.120 --> 00:04:38.230 align:start position:0% internet itself Colombia is at 70 so it's<00:04:36.240> very<00:04:36.479> Regional<00:04:36.960> and<00:04:37.259> and<00:04:37.500> there's<00:04:37.860> still 00:04:38.230 --> 00:04:38.240 align:start position:0% it's very Regional and and there's still 00:04:38.240 --> 00:04:41.870 align:start position:0% it's very Regional and and there's still places<00:04:39.240> where<00:04:39.840> we<00:04:40.500> need<00:04:40.680> infrastructure<00:04:41.400> to 00:04:41.870 --> 00:04:41.880 align:start position:0% places where we need infrastructure to 00:04:41.880 --> 00:04:45.290 align:start position:0% places where we need infrastructure to to<00:04:42.120> innovate 00:04:45.290 --> 00:04:45.300 align:start position:0% 00:04:45.300 --> 00:04:48.650 align:start position:0% um<00:04:45.360> but<00:04:45.900> regardless<00:04:46.500> of<00:04:46.740> the<00:04:47.400> infrastructure 00:04:48.650 --> 00:04:48.660 align:start position:0% um but regardless of the infrastructure 00:04:48.660 --> 00:04:50.450 align:start position:0% um but regardless of the infrastructure um things<00:04:49.080> are<00:04:49.320> going<00:04:49.440> to<00:04:49.560> change<00:04:49.740> quite<00:04:50.400> a 00:04:50.450 --> 00:04:50.460 align:start position:0% um things are going to change quite a 00:04:50.460 --> 00:04:53.030 align:start position:0% um things are going to change quite a lot<00:04:50.580> in<00:04:50.759> the<00:04:50.880> future 00:04:53.030 --> 00:04:53.040 align:start position:0% 00:04:53.040 --> 00:04:56.270 align:start position:0% so<00:04:53.639> the<00:04:53.940> way<00:04:54.300> I<00:04:54.540> see<00:04:54.780> how<00:04:55.259> Innovation<00:04:55.740> Works 00:04:56.270 --> 00:04:56.280 align:start position:0% so the way I see how Innovation Works 00:04:56.280 --> 00:04:58.310 align:start position:0% so the way I see how Innovation Works and<00:04:56.639> specifically 00:04:58.310 --> 00:04:58.320 align:start position:0% and specifically 00:04:58.320 --> 00:05:00.469 align:start position:0% and specifically um<00:04:58.380> this<00:04:58.740> particular<00:04:58.979> chart<00:04:59.580> the<00:05:00.240> kind<00:05:00.419> of 00:05:00.469 --> 00:05:00.479 align:start position:0% um this particular chart the kind of 00:05:00.479 --> 00:05:03.170 align:start position:0% um this particular chart the kind of like<00:05:00.540> I<00:05:00.900> I<00:05:01.380> would<00:05:01.800> say<00:05:01.919> like<00:05:02.100> a<00:05:02.280> circle<00:05:02.460> of 00:05:03.170 --> 00:05:03.180 align:start position:0% like I I would say like a circle of 00:05:03.180 --> 00:05:05.450 align:start position:0% like I I would say like a circle of different<00:05:03.540> components 00:05:05.450 --> 00:05:05.460 align:start position:0% different components 00:05:05.460 --> 00:05:08.330 align:start position:0% different components um<00:05:05.520> demonstrates<00:05:06.479> uh<00:05:07.139> what<00:05:07.500> Innovation<00:05:07.979> is 00:05:08.330 --> 00:05:08.340 align:start position:0% um demonstrates uh what Innovation is 00:05:08.340 --> 00:05:11.570 align:start position:0% um demonstrates uh what Innovation is for<00:05:08.520> me<00:05:08.639> like<00:05:09.000> how<00:05:09.419> I<00:05:09.780> approach<00:05:10.139> Innovation 00:05:11.570 --> 00:05:11.580 align:start position:0% for me like how I approach Innovation 00:05:11.580 --> 00:05:14.570 align:start position:0% for me like how I approach Innovation um<00:05:11.639> and<00:05:12.240> what<00:05:12.479> are<00:05:12.600> the<00:05:12.720> ingredients<00:05:13.259> to<00:05:13.740> come 00:05:14.570 --> 00:05:14.580 align:start position:0% um and what are the ingredients to come 00:05:14.580 --> 00:05:17.210 align:start position:0% um and what are the ingredients to come up<00:05:14.699> with<00:05:14.880> a<00:05:15.180> product<00:05:15.479> and<00:05:16.139> also<00:05:16.500> get<00:05:17.040> that 00:05:17.210 --> 00:05:17.220 align:start position:0% up with a product and also get that 00:05:17.220 --> 00:05:19.969 align:start position:0% up with a product and also get that product<00:05:17.400> into<00:05:17.820> a<00:05:18.180> growth<00:05:18.600> cycle<00:05:18.840> so<00:05:19.259> obviously 00:05:19.969 --> 00:05:19.979 align:start position:0% product into a growth cycle so obviously 00:05:19.979 --> 00:05:21.469 align:start position:0% product into a growth cycle so obviously you<00:05:20.100> have<00:05:20.280> the<00:05:20.460> opportunity<00:05:20.820> there<00:05:21.120> so 00:05:21.469 --> 00:05:21.479 align:start position:0% you have the opportunity there so 00:05:21.479 --> 00:05:24.650 align:start position:0% you have the opportunity there so basically<00:05:22.320> you<00:05:22.620> recognize<00:05:23.100> a<00:05:23.580> a<00:05:23.820> problem<00:05:24.180> or 00:05:24.650 --> 00:05:24.660 align:start position:0% basically you recognize a a problem or 00:05:24.660 --> 00:05:27.409 align:start position:0% basically you recognize a a problem or an<00:05:24.900> opportunity<00:05:25.380> to<00:05:25.740> solve<00:05:26.100> having<00:05:26.880> knowledge 00:05:27.409 --> 00:05:27.419 align:start position:0% an opportunity to solve having knowledge 00:05:27.419 --> 00:05:31.150 align:start position:0% an opportunity to solve having knowledge about<00:05:28.199> the<00:05:29.000> problem<00:05:30.000> you're<00:05:30.360> trying<00:05:30.600> to<00:05:30.720> solve 00:05:31.150 --> 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building with and they<00:05:37.979> actually<00:05:38.160> craft<00:05:38.520> and<00:05:38.940> the<00:05:39.060> craft<00:05:39.180> is 00:05:39.710 --> 00:05:39.720 align:start position:0% they actually craft and the craft is 00:05:39.720 --> 00:05:42.310 align:start position:0% they actually craft and the craft is what<00:05:39.900> I<00:05:40.080> call<00:05:40.280> the<00:05:41.280> the<00:05:41.340> product<00:05:41.820> itself 00:05:42.310 --> 00:05:42.320 align:start position:0% what I call the the product itself 00:05:42.320 --> 00:05:44.390 align:start position:0% what I call the the product itself obviously<00:05:43.320> there's<00:05:43.500> things<00:05:43.800> like<00:05:43.979> funding 00:05:44.390 --> 00:05:44.400 align:start position:0% obviously there's things like funding 00:05:44.400 --> 00:05:48.170 align:start position:0% obviously there's things like funding related<00:05:44.699> and<00:05:45.000> also<00:05:45.360> uh<00:05:46.199> road<00:05:46.639> now<00:05:47.639> what's 00:05:48.170 --> 00:05:48.180 align:start position:0% related and also uh road now what's 00:05:48.180 --> 00:05:51.830 align:start position:0% related and also uh road now what's super<00:05:48.780> exciting<00:05:49.259> about<00:05:49.620> uh<00:05:50.340> web3<00:05:50.840> and 00:05:51.830 --> 00:05:51.840 align:start position:0% super exciting about uh web3 and 00:05:51.840 --> 00:05:55.189 align:start position:0% super exciting about uh web3 and innovation<00:05:52.320> in<00:05:52.560> web<00:05:52.740> 3<00:05:52.979> is<00:05:53.460> that<00:05:53.759> we<00:05:54.600> rely<00:05:55.020> on 00:05:55.189 --> 00:05:55.199 align:start position:0% innovation in web 3 is that we rely on 00:05:55.199 --> 00:05:58.070 align:start position:0% innovation in web 3 is that we rely on open<00:05:55.380> networks<00:05:56.039> and<00:05:56.699> open<00:05:57.240> networks<00:05:57.900> they 00:05:58.070 --> 00:05:58.080 align:start position:0% open networks and open networks they 00:05:58.080 --> 00:06:00.710 align:start position:0% open networks and open networks they create<00:05:58.860> accessibility<00:05:59.580> so<00:06:00.240> they<00:06:00.539> create 00:06:00.710 --> 00:06:00.720 align:start position:0% create accessibility so they create 00:06:00.720 --> 00:06:03.409 align:start position:0% create accessibility so they create access<00:06:01.020> for<00:06:01.500> everyone<00:06:01.860> here<00:06:02.280> today<00:06:03.000> for 00:06:03.409 --> 00:06:03.419 align:start position:0% access for everyone here today for 00:06:03.419 --> 00:06:06.529 align:start position:0% access for everyone here today for example<00:06:03.660> to<00:06:04.500> contribute<00:06:05.340> not<00:06:05.940> only<00:06:06.120> what 00:06:06.529 --> 00:06:06.539 align:start position:0% example to contribute not only what 00:06:06.539 --> 00:06:09.830 align:start position:0% example to contribute not only what we're<00:06:07.020> building<00:06:07.320> in<00:06:07.740> the<00:06:07.800> other<00:06:07.979> team 00:06:09.830 --> 00:06:09.840 align:start position:0% we're building in the other team 00:06:09.840 --> 00:06:13.310 align:start position:0% we're building in the other team but<00:06:10.500> any<00:06:10.800> project<00:06:11.160> in<00:06:11.639> the<00:06:11.759> ecosystem<00:06:12.320> because 00:06:13.310 --> 00:06:13.320 align:start position:0% but any project in the ecosystem because 00:06:13.320 --> 00:06:16.070 align:start position:0% but any project in the ecosystem because they're<00:06:13.620> relying<00:06:14.100> in<00:06:14.340> the<00:06:14.460> open<00:06:14.639> network<00:06:15.120> idea 00:06:16.070 --> 00:06:16.080 align:start position:0% they're relying in the open network idea 00:06:16.080 --> 00:06:19.189 align:start position:0% they're relying in the open network idea and<00:06:16.500> open<00:06:16.680> source<00:06:17.220> technology 00:06:19.189 --> 00:06:19.199 align:start position:0% and open source technology 00:06:19.199 --> 00:06:22.309 align:start position:0% and open source technology so<00:06:19.979> yeah<00:06:20.460> and<00:06:21.000> one<00:06:21.240> important<00:06:21.600> component<00:06:22.020> also 00:06:22.309 --> 00:06:22.319 align:start position:0% so yeah and one important component also 00:06:22.319 --> 00:06:25.909 align:start position:0% so yeah and one important component also is<00:06:22.500> the<00:06:22.680> the<00:06:22.860> the<00:06:23.479> culture<00:06:24.479> aspect<00:06:24.840> so<00:06:25.139> culture 00:06:25.909 --> 00:06:25.919 align:start position:0% is the the the culture aspect so culture 00:06:25.919 --> 00:06:29.930 align:start position:0% is the the the culture aspect so culture equals<00:06:26.460> for<00:06:26.580> me<00:06:26.900> also<00:06:27.900> community<00:06:28.139> so<00:06:28.819> when<00:06:29.819> you 00:06:29.930 --> 00:06:29.940 align:start position:0% equals for me also community so when you 00:06:29.940 --> 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then as if you will be<00:06:37.139> building 00:06:38.050 --> 00:06:38.060 align:start position:0% be building 00:06:38.060 --> 00:06:41.990 align:start position:0% be building a<00:06:39.060> product<00:06:39.120> within<00:06:39.780> a<00:06:40.500> company<00:06:40.699> or<00:06:41.699> a<00:06:41.819> service 00:06:41.990 --> 00:06:42.000 align:start position:0% a product within a company or a service 00:06:42.000 --> 00:06:44.150 align:start position:0% a product within a company or a service for<00:06:42.419> example<00:06:42.660> this<00:06:43.440> means<00:06:43.740> that<00:06:43.800> when<00:06:44.039> you 00:06:44.150 --> 00:06:44.160 align:start position:0% for example this means that when you 00:06:44.160 --> 00:06:46.790 align:start position:0% for example this means that when you have<00:06:44.280> accessibility<00:06:45.259> people<00:06:46.259> across 00:06:46.790 --> 00:06:46.800 align:start position:0% have accessibility people across 00:06:46.800 --> 00:06:48.590 align:start position:0% have accessibility people across globally<00:06:47.160> they<00:06:47.699> need<00:06:47.819> to<00:06:47.940> find<00:06:48.060> a<00:06:48.240> way<00:06:48.419> to 00:06:48.590 --> 00:06:48.600 align:start position:0% globally they need to find a way to 00:06:48.600 --> 00:06:51.290 align:start position:0% globally they need to find a way to connect<00:06:48.780> share<00:06:49.199> ideas<00:06:49.880> and<00:06:50.880> and<00:06:50.940> build 00:06:51.290 --> 00:06:51.300 align:start position:0% connect share ideas and and build 00:06:51.300 --> 00:06:53.689 align:start position:0% connect share ideas and and build actually<00:06:51.660> different<00:06:52.199> kinds<00:06:52.620> of 00:06:53.689 --> 00:06:53.699 align:start position:0% actually different kinds of 00:06:53.699 --> 00:06:57.350 align:start position:0% actually different kinds of Concepts<00:06:54.660> and<00:06:55.160> an<00:06:56.160> actual<00:06:56.520> Community<00:06:56.819> around 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Innovation<00:07:04.740> flywheel<00:07:05.400> and<00:07:05.819> in<00:07:06.000> in<00:07:06.120> an 00:07:06.650 --> 00:07:06.660 align:start position:0% um Innovation flywheel and in in an 00:07:06.660 --> 00:07:08.990 align:start position:0% um Innovation flywheel and in in an important<00:07:07.080> part<00:07:07.319> actually<00:07:07.740> of<00:07:08.400> making<00:07:08.699> that 00:07:08.990 --> 00:07:09.000 align:start position:0% important part actually of making that 00:07:09.000 --> 00:07:10.070 align:start position:0% important part actually of making that Innovation 00:07:10.070 --> 00:07:10.080 align:start position:0% Innovation 00:07:10.080 --> 00:07:13.969 align:start position:0% Innovation um happen 00:07:13.969 --> 00:07:13.979 align:start position:0% 00:07:13.979 --> 00:07:16.670 align:start position:0% um<00:07:14.100> one<00:07:14.940> important<00:07:15.300> thing<00:07:15.539> I<00:07:15.960> have<00:07:16.139> realized 00:07:16.670 --> 00:07:16.680 align:start position:0% um one important thing I have realized 00:07:16.680 --> 00:07:20.089 align:start position:0% um one important thing I have realized in<00:07:17.340> the<00:07:17.460> past<00:07:17.580> that<00:07:18.380> web3<00:07:19.380> is<00:07:19.919> something 00:07:20.089 --> 00:07:20.099 align:start position:0% in the past that web3 is something 00:07:20.099 --> 00:07:22.430 align:start position:0% in the past that web3 is something that's<00:07:20.580> going<00:07:20.759> to<00:07:20.880> touch<00:07:21.060> everywhere<00:07:21.599> so<00:07:22.259> it's 00:07:22.430 --> 00:07:22.440 align:start position:0% that's going to touch everywhere so it's 00:07:22.440 --> 00:07:24.890 align:start position:0% that's going to touch everywhere so it's not<00:07:22.680> only<00:07:23.060> specifically<00:07:24.060> related<00:07:24.419> to<00:07:24.660> one 00:07:24.890 --> 00:07:24.900 align:start position:0% not only specifically related to one 00:07:24.900 --> 00:07:26.469 align:start position:0% not only specifically related to one particular<00:07:25.259> area 00:07:26.469 --> 00:07:26.479 align:start position:0% particular area 00:07:26.479 --> 00:07:30.670 align:start position:0% particular area to<00:07:27.479> solve<00:07:27.840> and<00:07:28.440> we've<00:07:28.979> seen<00:07:29.280> obviously<00:07:29.819> with 00:07:30.670 --> 00:07:30.680 align:start position:0% to solve and we've seen obviously with 00:07:30.680 --> 00:07:34.790 align:start position:0% to solve and we've seen obviously with how<00:07:31.680> web3<00:07:32.099> has<00:07:32.340> borne<00:07:32.759> so<00:07:33.539> Bitcoin<00:07:34.440> tried<00:07:34.740> to 00:07:34.790 --> 00:07:34.800 align:start position:0% how web3 has borne so Bitcoin tried to 00:07:34.800 --> 00:07:37.129 align:start position:0% how web3 has borne so Bitcoin tried to solve<00:07:35.099> the<00:07:35.280> idea<00:07:35.580> of<00:07:35.940> how<00:07:36.599> we<00:07:36.720> can<00:07:36.900> actually 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money as public goods and<00:07:47.099> obviously<00:07:47.400> with<00:07:47.580> the<00:07:47.759> innovation<00:07:48.120> of 00:07:48.650 --> 00:07:48.660 align:start position:0% and obviously with the innovation of 00:07:48.660 --> 00:07:51.469 align:start position:0% and obviously with the innovation of ethereum<00:07:49.380> and<00:07:49.860> the<00:07:50.639> ethereum<00:07:51.060> virtual 00:07:51.469 --> 00:07:51.479 align:start position:0% ethereum and the ethereum virtual 00:07:51.479 --> 00:07:53.950 align:start position:0% ethereum and the ethereum virtual machine<00:07:52.039> you<00:07:53.039> could<00:07:53.160> actually<00:07:53.400> create 00:07:53.950 --> 00:07:53.960 align:start position:0% machine you could actually create 00:07:53.960 --> 00:07:57.170 align:start position:0% machine you could actually create programmable<00:07:54.960> applications<00:07:56.060> on<00:07:57.060> the 00:07:57.170 --> 00:07:57.180 align:start position:0% programmable applications on the 00:07:57.180 --> 00:07:59.570 align:start position:0% programmable applications on the blockchain<00:07:57.599> because<00:07:58.440> we<00:07:58.860> try<00:07:59.039> to<00:07:59.220> solve 00:07:59.570 --> 00:07:59.580 align:start position:0% blockchain because we try to solve 00:07:59.580 --> 00:08:00.969 align:start position:0% blockchain because we try to solve financial 00:08:00.969 --> 00:08:00.979 align:start position:0% financial 00:08:00.979 --> 00:08:03.110 align:start position:0% financial problems<00:08:01.979> and<00:08:02.160> opportunities<00:08:02.639> in<00:08:03.000> the 00:08:03.110 --> 00:08:03.120 align:start position:0% problems and opportunities in the 00:08:03.120 --> 00:08:04.790 align:start position:0% problems and opportunities in the beginning<00:08:03.240> we<00:08:04.080> started<00:08:04.380> to<00:08:04.560> actually 00:08:04.790 --> 00:08:04.800 align:start position:0% beginning we started to actually 00:08:04.800 --> 00:08:07.510 align:start position:0% beginning we started to actually continue<00:08:05.539> solving<00:08:06.539> those 00:08:07.510 --> 00:08:07.520 align:start position:0% continue solving those 00:08:07.520 --> 00:08:10.189 align:start position:0% continue solving those within<00:08:08.520> our<00:08:08.699> community<00:08:09.000> and<00:08:09.720> that's<00:08:09.900> where 00:08:10.189 --> 00:08:10.199 align:start position:0% within our community and that's where 00:08:10.199 --> 00:08:14.870 align:start position:0% within our community and that's where DFI<00:08:11.039> has<00:08:11.400> been<00:08:12.180> very<00:08:12.479> successful<00:08:13.380> so<00:08:14.039> but<00:08:14.699> to 00:08:14.870 --> 00:08:14.880 align:start position:0% DFI has been very successful so but to 00:08:14.880 --> 00:08:17.510 align:start position:0% DFI has been very successful so but to get<00:08:15.060> actually<00:08:15.360> beyond<00:08:16.139> what<00:08:16.740> we<00:08:16.979> have<00:08:17.160> today 00:08:17.510 --> 00:08:17.520 align:start position:0% get actually beyond what we have today 00:08:17.520 --> 00:08:20.990 align:start position:0% get actually beyond what we have today uh<00:08:18.240> in<00:08:18.360> our<00:08:18.539> community<00:08:18.720> and<00:08:19.620> the<00:08:19.800> user<00:08:20.099> base<00:08:20.220> we 00:08:20.990 --> 00:08:21.000 align:start position:0% uh in our community and the user base we 00:08:21.000 --> 00:08:22.850 align:start position:0% uh in our community and the user base we actually<00:08:21.120> need<00:08:21.419> something<00:08:21.720> more 00:08:22.850 --> 00:08:22.860 align:start position:0% actually need something more 00:08:22.860 --> 00:08:25.070 align:start position:0% actually need something more um<00:08:22.919> done<00:08:23.400> for<00:08:23.639> example<00:08:23.879> the<00:08:24.539> essential<00:08:24.840> as 00:08:25.070 --> 00:08:25.080 align:start position:0% um done for example the essential as 00:08:25.080 --> 00:08:26.450 align:start position:0% um done for example the essential as Finance 00:08:26.450 --> 00:08:26.460 align:start position:0% Finance 00:08:26.460 --> 00:08:29.629 align:start position:0% Finance um<00:08:26.580> and<00:08:27.000> just<00:08:27.180> an<00:08:27.360> example<00:08:27.660> is<00:08:27.960> that<00:08:28.639> these 00:08:29.629 --> 00:08:29.639 align:start position:0% um and just an example is that these 00:08:29.639 --> 00:08:30.890 align:start position:0% um and just an example is that these interests<00:08:30.000> Finance 00:08:30.890 --> 00:08:30.900 align:start position:0% interests Finance 00:08:30.900 --> 00:08:34.730 align:start position:0% interests Finance um<00:08:31.020> is<00:08:31.680> uh<00:08:32.219> incredible<00:08:32.640> Innovation<00:08:33.120> what<00:08:34.020> our 00:08:34.730 --> 00:08:34.740 align:start position:0% um is uh incredible Innovation what our 00:08:34.740 --> 00:08:37.730 align:start position:0% um is uh incredible Innovation what our space<00:08:34.979> has<00:08:35.339> been<00:08:35.459> able<00:08:35.700> to<00:08:35.899> uh<00:08:36.899> create<00:08:37.200> it 00:08:37.730 --> 00:08:37.740 align:start position:0% space has been able to uh create it 00:08:37.740 --> 00:08:40.449 align:start position:0% space has been able to uh create it means<00:08:37.979> that<00:08:38.279> every<00:08:38.940> one<00:08:39.180> of<00:08:39.300> us<00:08:39.779> has 00:08:40.449 --> 00:08:40.459 align:start position:0% means that every one of us has 00:08:40.459 --> 00:08:44.029 align:start position:0% means that every one of us has accessibility<00:08:41.459> uh<00:08:42.360> to<00:08:42.719> a<00:08:42.899> fair<00:08:43.440> transparent 00:08:44.029 --> 00:08:44.039 align:start position:0% accessibility uh to a fair transparent 00:08:44.039 --> 00:08:46.970 align:start position:0% accessibility uh to a fair transparent market<00:08:44.360> across<00:08:45.360> globally 00:08:46.970 --> 00:08:46.980 align:start position:0% market across globally 00:08:46.980 --> 00:08:49.490 align:start position:0% market across globally um<00:08:47.060> and<00:08:48.060> decent<00:08:48.600> just<00:08:48.720> Finance<00:08:49.080> doesn't<00:08:49.260> look 00:08:49.490 --> 00:08:49.500 align:start position:0% um and decent just Finance doesn't look 00:08:49.500 --> 00:08:52.130 align:start position:0% um and decent just Finance doesn't look into<00:08:49.740> your<00:08:49.980> background<00:08:50.399> what<00:08:50.940> you<00:08:51.240> are<00:08:51.959> doing 00:08:52.130 --> 00:08:52.140 align:start position:0% into your background what you are doing 00:08:52.140 --> 00:08:53.930 align:start position:0% into your background what you are doing when<00:08:52.440> you're<00:08:52.560> actually<00:08:52.860> participating<00:08:53.459> in 00:08:53.930 --> 00:08:53.940 align:start position:0% when you're actually participating in 00:08:53.940 --> 00:08:57.230 align:start position:0% when you're actually participating in these<00:08:54.180> markets<00:08:54.480> or<00:08:54.720> when<00:08:54.959> you're<00:08:55.200> building 00:08:57.230 --> 00:08:57.240 align:start position:0% these markets or when you're building 00:08:57.240 --> 00:09:01.430 align:start position:0% these markets or when you're building ah<00:08:58.200> part<00:08:58.500> of<00:08:58.680> the<00:08:58.860> community<00:08:59.660> but<00:09:00.660> to<00:09:00.839> get<00:09:01.019> into 00:09:01.430 --> 00:09:01.440 align:start position:0% ah part of the community but to get into 00:09:01.440 --> 00:09:04.370 align:start position:0% ah part of the community but to get into more<00:09:02.100> bigger<00:09:02.519> adoption<00:09:02.880> we<00:09:03.420> need<00:09:03.540> to<00:09:03.660> realize 00:09:04.370 --> 00:09:04.380 align:start position:0% more bigger adoption we need to realize 00:09:04.380 --> 00:09:06.590 align:start position:0% more bigger adoption we need to realize that<00:09:04.800> we<00:09:05.399> have<00:09:05.519> to<00:09:05.700> go<00:09:05.880> beyond<00:09:06.300> Financial 00:09:06.590 --> 00:09:06.600 align:start position:0% that we have to go beyond Financial 00:09:06.600 --> 00:09:09.350 align:start position:0% that we have to go beyond Financial applications<00:09:07.320> and<00:09:07.860> find<00:09:08.100> more<00:09:08.399> things<00:09:09.000> that 00:09:09.350 --> 00:09:09.360 align:start position:0% applications and find more things that 00:09:09.360 --> 00:09:12.350 align:start position:0% applications and find more things that solve<00:09:09.779> uh<00:09:10.260> human<00:09:10.560> problems<00:09:11.100> and 00:09:12.350 --> 00:09:12.360 align:start position:0% solve uh human problems and 00:09:12.360 --> 00:09:15.110 align:start position:0% solve uh human problems and um<00:09:12.420> feed<00:09:12.839> their<00:09:13.019> needs<00:09:13.380> as<00:09:13.500> well 00:09:15.110 --> 00:09:15.120 align:start position:0% um feed their needs as well 00:09:15.120 --> 00:09:18.170 align:start position:0% um feed their needs as well and<00:09:15.600> I<00:09:15.839> personally<00:09:16.380> with<00:09:16.680> my<00:09:16.920> team<00:09:17.160> uh<00:09:17.880> think 00:09:18.170 --> 00:09:18.180 align:start position:0% and I personally with my team uh think 00:09:18.180 --> 00:09:21.410 align:start position:0% and I personally with my team uh think that<00:09:18.720> social<00:09:19.019> is<00:09:19.500> the<00:09:19.680> next<00:09:20.000> uh<00:09:21.000> or<00:09:21.120> at<00:09:21.360> least 00:09:21.410 --> 00:09:21.420 align:start position:0% that social is the next uh or at least 00:09:21.420 --> 00:09:25.610 align:start position:0% that social is the next uh or at least the<00:09:21.660> killer<00:09:22.019> app<00:09:22.339> for<00:09:23.339> web<00:09:23.580> tree<00:09:24.019> and<00:09:25.019> the 00:09:25.610 --> 00:09:25.620 align:start position:0% the killer app for web tree and the 00:09:25.620 --> 00:09:28.550 align:start position:0% the killer app for web tree and the reason<00:09:25.740> is<00:09:26.040> that<00:09:26.660> we<00:09:27.660> currently<00:09:27.959> have<00:09:28.200> almost 00:09:28.550 --> 00:09:28.560 align:start position:0% reason is that we currently have almost 00:09:28.560 --> 00:09:32.449 align:start position:0% reason is that we currently have almost 5<00:09:28.920> billion<00:09:29.660> users<00:09:30.660> on<00:09:31.200> social<00:09:31.380> media<00:09:31.800> and<00:09:32.339> it's 00:09:32.449 --> 00:09:32.459 align:start position:0% 5 billion users on social media and it's 00:09:32.459 --> 00:09:34.250 align:start position:0% 5 billion users on social media and it's growing<00:09:32.940> constantly 00:09:34.250 --> 00:09:34.260 align:start position:0% growing constantly 00:09:34.260 --> 00:09:36.610 align:start position:0% growing constantly we<00:09:34.860> also<00:09:35.100> have 00:09:36.610 --> 00:09:36.620 align:start position:0% we also have 00:09:36.620 --> 00:09:39.350 align:start position:0% we also have equal<00:09:37.620> amount<00:09:38.040> of<00:09:38.220> almost<00:09:38.519> equal<00:09:38.820> amount<00:09:39.060> of 00:09:39.350 --> 00:09:39.360 align:start position:0% equal amount of almost equal amount of 00:09:39.360 --> 00:09:41.389 align:start position:0% equal amount of almost equal amount of internet<00:09:40.140> users 00:09:41.389 --> 00:09:41.399 align:start position:0% internet users 00:09:41.399 --> 00:09:42.889 align:start position:0% internet users um<00:09:41.459> social<00:09:41.880> media<00:09:42.180> users<00:09:42.480> then<00:09:42.600> we<00:09:42.779> have 00:09:42.889 --> 00:09:42.899 align:start position:0% um social media users then we have 00:09:42.899 --> 00:09:45.710 align:start position:0% um social media users then we have Internet<00:09:43.140> users<00:09:43.740> so<00:09:44.459> there's<00:09:44.700> a<00:09:45.600> big 00:09:45.710 --> 00:09:45.720 align:start position:0% Internet users so there's a big 00:09:45.720 --> 00:09:48.350 align:start position:0% Internet users so there's a big opportunity<00:09:46.320> in<00:09:46.800> social<00:09:46.920> media 00:09:48.350 --> 00:09:48.360 align:start position:0% opportunity in social media 00:09:48.360 --> 00:09:50.269 align:start position:0% opportunity in social media and<00:09:48.720> we<00:09:48.899> also<00:09:49.080> see<00:09:49.260> that<00:09:49.500> it's<00:09:49.680> Global 00:09:50.269 --> 00:09:50.279 align:start position:0% and we also see that it's Global 00:09:50.279 --> 00:09:53.750 align:start position:0% and we also see that it's Global phenomena<00:09:50.880> and<00:09:52.260> effectively<00:09:53.160> if<00:09:53.339> you<00:09:53.459> look<00:09:53.580> at 00:09:53.750 --> 00:09:53.760 align:start position:0% phenomena and effectively if you look at 00:09:53.760 --> 00:09:57.050 align:start position:0% phenomena and effectively if you look at this<00:09:53.940> chart<00:09:54.120> here<00:09:54.680> we<00:09:55.680> see<00:09:55.860> a<00:09:56.459> lot<00:09:56.580> of<00:09:56.760> social 00:09:57.050 --> 00:09:57.060 align:start position:0% this chart here we see a lot of social 00:09:57.060 --> 00:10:00.590 align:start position:0% this chart here we see a lot of social media<00:09:57.540> usage<00:09:57.899> in<00:09:58.620> Southern<00:09:58.980> America<00:09:59.519> but<00:10:00.360> also 00:10:00.590 --> 00:10:00.600 align:start position:0% media usage in Southern America but also 00:10:00.600 --> 00:10:02.509 align:start position:0% media usage in Southern America but also in<00:10:00.779> Asia<00:10:01.260> compared<00:10:01.740> to<00:10:01.800> for<00:10:02.040> example<00:10:02.220> the 00:10:02.509 --> 00:10:02.519 align:start position:0% in Asia compared to for example the 00:10:02.519 --> 00:10:07.449 align:start position:0% in Asia compared to for example the regions<00:10:02.880> of<00:10:03.240> Europe<00:10:03.899> and<00:10:04.580> North<00:10:05.600> America 00:10:07.449 --> 00:10:07.459 align:start position:0% regions of Europe and North America 00:10:07.459 --> 00:10:10.790 align:start position:0% regions of Europe and North America and<00:10:08.459> we<00:10:08.640> could<00:10:08.760> actually<00:10:09.000> ask<00:10:09.360> ourselves<00:10:09.839> why 00:10:10.790 --> 00:10:10.800 align:start position:0% and we could actually ask ourselves why 00:10:10.800 --> 00:10:14.630 align:start position:0% and we could actually ask ourselves why do<00:10:11.100> we<00:10:11.279> have<00:10:11.899> social<00:10:12.899> media<00:10:13.380> why<00:10:13.800> their<00:10:14.399> why 00:10:14.630 --> 00:10:14.640 align:start position:0% do we have social media why their why 00:10:14.640 --> 00:10:16.910 align:start position:0% do we have social media why their why social<00:10:14.880> media<00:10:15.240> is<00:10:15.360> important 00:10:16.910 --> 00:10:16.920 align:start position:0% social media is important 00:10:16.920 --> 00:10:18.650 align:start position:0% social media is important um<00:10:16.980> in<00:10:17.339> in<00:10:17.519> the<00:10:17.700> first<00:10:17.880> place 00:10:18.650 --> 00:10:18.660 align:start position:0% um in in the first place 00:10:18.660 --> 00:10:21.470 align:start position:0% um in in the first place so<00:10:19.440> what<00:10:19.860> I<00:10:20.040> have<00:10:20.160> been<00:10:20.339> looking<00:10:20.580> into<00:10:20.880> is<00:10:21.240> that 00:10:21.470 --> 00:10:21.480 align:start position:0% so what I have been looking into is that 00:10:21.480 --> 00:10:24.110 align:start position:0% so what I have been looking into is that there's<00:10:22.019> definitely<00:10:22.620> a<00:10:22.980> need<00:10:23.220> for<00:10:23.700> people<00:10:23.820> to 00:10:24.110 --> 00:10:24.120 align:start position:0% there's definitely a need for people to 00:10:24.120 --> 00:10:26.090 align:start position:0% there's definitely a need for people to connect<00:10:24.240> with<00:10:24.660> each<00:10:24.839> other<00:10:25.019> uh<00:10:25.860> for 00:10:26.090 --> 00:10:26.100 align:start position:0% connect with each other uh for 00:10:26.100 --> 00:10:28.310 align:start position:0% connect with each other uh for particular<00:10:26.399> different<00:10:26.760> reasons<00:10:27.480> and<00:10:28.200> there's 00:10:28.310 --> 00:10:28.320 align:start position:0% particular different reasons and there's 00:10:28.320 --> 00:10:32.030 align:start position:0% particular different reasons and there's also<00:10:28.620> need<00:10:28.800> for<00:10:29.040> create<00:10:29.360> so<00:10:30.360> humans<00:10:31.320> has<00:10:31.620> have 00:10:32.030 --> 00:10:32.040 align:start position:0% also need for create so humans has have 00:10:32.040 --> 00:10:33.949 align:start position:0% also need for create so humans has have always<00:10:32.339> had<00:10:32.700> the 00:10:33.949 --> 00:10:33.959 align:start position:0% always had the 00:10:33.959 --> 00:10:37.490 align:start position:0% always had the um<00:10:34.080> idea<00:10:35.040> of<00:10:35.399> being<00:10:35.760> a<00:10:36.000> Creator<00:10:36.240> so<00:10:36.779> here's<00:10:37.380> a 00:10:37.490 --> 00:10:37.500 align:start position:0% um idea of being a Creator so here's a 00:10:37.500 --> 00:10:39.829 align:start position:0% um idea of being a Creator so here's a picture<00:10:37.620> of<00:10:37.920> one<00:10:38.100> of<00:10:38.220> the<00:10:38.459> oldest<00:10:38.940> findings<00:10:39.420> of 00:10:39.829 --> 00:10:39.839 align:start position:0% picture of one of the oldest findings of 00:10:39.839 --> 00:10:41.930 align:start position:0% picture of one of the oldest findings of creativity 00:10:41.930 --> 00:10:41.940 align:start position:0% creativity 00:10:41.940 --> 00:10:42.829 align:start position:0% creativity um 00:10:42.829 --> 00:10:42.839 align:start position:0% um 00:10:42.839 --> 00:10:46.670 align:start position:0% um back<00:10:43.620> in<00:10:43.800> a<00:10:44.160> long<00:10:44.399> long<00:10:44.579> time<00:10:44.880> ago 00:10:46.670 --> 00:10:46.680 align:start position:0% back in a long long time ago 00:10:46.680 --> 00:10:50.030 align:start position:0% back in a long long time ago um<00:10:46.800> so<00:10:47.940> um<00:10:48.000> social<00:10:48.240> media<00:10:48.779> it<00:10:49.260> allows<00:10:49.560> us<00:10:49.680> to 00:10:50.030 --> 00:10:50.040 align:start position:0% um so um social media it allows us to 00:10:50.040 --> 00:10:52.370 align:start position:0% um so um social media it allows us to connect<00:10:50.399> with<00:10:50.640> people<00:10:50.880> uh<00:10:51.540> one-on-one<00:10:51.959> basis 00:10:52.370 --> 00:10:52.380 align:start position:0% connect with people uh one-on-one basis 00:10:52.380 --> 00:10:56.150 align:start position:0% connect with people uh one-on-one basis create<00:10:52.740> relationships<00:10:54.019> and<00:10:55.019> also<00:10:55.260> in<00:10:55.740> groups 00:10:56.150 --> 00:10:56.160 align:start position:0% create relationships and also in groups 00:10:56.160 --> 00:10:59.449 align:start position:0% create relationships and also in groups coming<00:10:56.459> together<00:10:56.760> and<00:10:57.360> forming<00:10:57.779> a<00:10:57.899> community 00:10:59.449 --> 00:10:59.459 align:start position:0% coming together and forming a community 00:10:59.459 --> 00:11:02.930 align:start position:0% coming together and forming a community um<00:10:59.519> on<00:11:00.240> topics<00:11:01.019> that<00:11:01.260> we<00:11:01.500> care<00:11:02.040> about<00:11:02.220> care 00:11:02.930 --> 00:11:02.940 align:start position:0% um on topics that we care about care 00:11:02.940 --> 00:11:05.690 align:start position:0% um on topics that we care about care about<00:11:03.240> it<00:11:03.420> and<00:11:04.380> social<00:11:04.680> media<00:11:05.100> is<00:11:05.279> very<00:11:05.459> vital 00:11:05.690 --> 00:11:05.700 align:start position:0% about it and social media is very vital 00:11:05.700 --> 00:11:08.750 align:start position:0% about it and social media is very vital to<00:11:06.180> our<00:11:06.360> lives<00:11:06.660> because<00:11:06.959> with<00:11:07.740> internet<00:11:08.220> and 00:11:08.750 --> 00:11:08.760 align:start position:0% to our lives because with internet and 00:11:08.760 --> 00:11:10.670 align:start position:0% to our lives because with internet and being<00:11:08.940> able<00:11:09.180> to<00:11:09.360> connect<00:11:09.480> with<00:11:09.720> each<00:11:09.959> other<00:11:10.140> we 00:11:10.670 --> 00:11:10.680 align:start position:0% being able to connect with each other we 00:11:10.680 --> 00:11:12.310 align:start position:0% being able to connect with each other we are<00:11:10.800> able<00:11:11.040> to<00:11:11.160> learn<00:11:11.459> from<00:11:11.940> each<00:11:12.060> other 00:11:12.310 --> 00:11:12.320 align:start position:0% are able to learn from each other 00:11:12.320 --> 00:11:14.590 align:start position:0% are able to learn from each other directly<00:11:13.320> from<00:11:13.560> the<00:11:13.740> people 00:11:14.590 --> 00:11:14.600 align:start position:0% directly from the people 00:11:14.600 --> 00:11:17.829 align:start position:0% directly from the people rather<00:11:15.600> than<00:11:15.779> example<00:11:16.320> from<00:11:16.560> institutions 00:11:17.829 --> 00:11:17.839 align:start position:0% rather than example from institutions 00:11:17.839 --> 00:11:21.350 align:start position:0% rather than example from institutions we<00:11:18.839> also<00:11:19.079> have<00:11:19.320> the<00:11:19.560> sense<00:11:19.740> of<00:11:20.060> belonging<00:11:21.060> when 00:11:21.350 --> 00:11:21.360 align:start position:0% we also have the sense of belonging when 00:11:21.360 --> 00:11:24.650 align:start position:0% we also have the sense of belonging when we<00:11:21.540> can<00:11:21.660> create<00:11:22.279> communities<00:11:23.300> and<00:11:24.300> part<00:11:24.540> of 00:11:24.650 --> 00:11:24.660 align:start position:0% we can create communities and part of 00:11:24.660 --> 00:11:27.590 align:start position:0% we can create communities and part of the<00:11:24.779> adoption<00:11:25.200> also<00:11:25.800> is<00:11:26.240> that<00:11:27.240> we<00:11:27.420> can 00:11:27.590 --> 00:11:27.600 align:start position:0% the adoption also is that we can 00:11:27.600 --> 00:11:31.370 align:start position:0% the adoption also is that we can actually<00:11:28.380> do<00:11:28.740> this<00:11:29.120> connectivity<00:11:30.120> in<00:11:31.079> scale 00:11:31.370 --> 00:11:31.380 align:start position:0% actually do this connectivity in scale 00:11:31.380 --> 00:11:34.790 align:start position:0% actually do this connectivity in scale across<00:11:32.100> the<00:11:32.519> globe 00:11:34.790 --> 00:11:34.800 align:start position:0% across the globe 00:11:34.800 --> 00:11:38.030 align:start position:0% across the globe and<00:11:35.700> I<00:11:36.480> really<00:11:36.660> love<00:11:36.839> this<00:11:37.140> particular<00:11:37.620> slide 00:11:38.030 --> 00:11:38.040 align:start position:0% and I really love this particular slide 00:11:38.040 --> 00:11:39.170 align:start position:0% and I really love this particular slide because 00:11:39.170 --> 00:11:39.180 align:start position:0% because 00:11:39.180 --> 00:11:41.329 align:start position:0% because um there<00:11:39.660> is<00:11:39.839> this<00:11:39.959> concept<00:11:40.260> of<00:11:40.560> Six<00:11:41.100> Degrees 00:11:41.329 --> 00:11:41.339 align:start position:0% um there is this concept of Six Degrees 00:11:41.339 --> 00:11:44.569 align:start position:0% um there is this concept of Six Degrees of<00:11:41.640> Separation<00:11:42.320> uh<00:11:43.320> which<00:11:43.680> means<00:11:44.040> that<00:11:44.220> we<00:11:44.399> all 00:11:44.569 --> 00:11:44.579 align:start position:0% of Separation uh which means that we all 00:11:44.579 --> 00:11:46.370 align:start position:0% of Separation uh which means that we all people<00:11:44.820> here 00:11:46.370 --> 00:11:46.380 align:start position:0% people here 00:11:46.380 --> 00:11:48.650 align:start position:0% people here um<00:11:46.500> and<00:11:46.740> everywhere<00:11:47.100> are<00:11:47.579> connected<00:11:48.300> to<00:11:48.540> each 00:11:48.650 --> 00:11:48.660 align:start position:0% um and everywhere are connected to each 00:11:48.660 --> 00:11:52.310 align:start position:0% um and everywhere are connected to each other<00:11:48.839> across<00:11:49.740> uh<00:11:50.459> six<00:11:50.820> hops<00:11:51.420> of<00:11:51.600> uh<00:11:52.019> friends 00:11:52.310 --> 00:11:52.320 align:start position:0% other across uh six hops of uh friends 00:11:52.320 --> 00:11:54.230 align:start position:0% other across uh six hops of uh friends of<00:11:52.560> friends<00:11:52.800> so 00:11:54.230 --> 00:11:54.240 align:start position:0% of friends so 00:11:54.240 --> 00:11:55.910 align:start position:0% of friends so um<00:11:54.300> to<00:11:54.839> any<00:11:55.019> person 00:11:55.910 --> 00:11:55.920 align:start position:0% um to any person 00:11:55.920 --> 00:11:56.690 align:start position:0% um to any person um 00:11:56.690 --> 00:11:56.700 align:start position:0% um 00:11:56.700 --> 00:12:01.150 align:start position:0% um in<00:11:57.240> the<00:11:57.779> um<00:11:57.899> uh<00:11:58.320> planet<00:11:58.920> and<00:11:59.880> there's<00:12:00.660> actually 00:12:01.150 --> 00:12:01.160 align:start position:0% in the um uh planet and there's actually 00:12:01.160 --> 00:12:03.710 align:start position:0% in the um uh planet and there's actually recent<00:12:02.160> studies<00:12:02.579> as<00:12:02.880> well 00:12:03.710 --> 00:12:03.720 align:start position:0% recent studies as well 00:12:03.720 --> 00:12:06.350 align:start position:0% recent studies as well um<00:12:03.779> that<00:12:04.380> this<00:12:05.100> hope<00:12:05.339> distance<00:12:05.700> actually<00:12:06.120> is 00:12:06.350 --> 00:12:06.360 align:start position:0% um that this hope distance actually is 00:12:06.360 --> 00:12:09.949 align:start position:0% um that this hope distance actually is becoming<00:12:06.779> even<00:12:06.959> more<00:12:07.640> narrow<00:12:08.640> and<00:12:09.540> we<00:12:09.779> see 00:12:09.949 --> 00:12:09.959 align:start position:0% becoming even more narrow and we see 00:12:09.959 --> 00:12:14.630 align:start position:0% becoming even more narrow and we see that<00:12:10.200> it's<00:12:10.500> roughly<00:12:10.920> 4.7<00:12:12.200> degrees<00:12:13.200> so<00:12:13.800> almost 00:12:14.630 --> 00:12:14.640 align:start position:0% that it's roughly 4.7 degrees so almost 00:12:14.640 --> 00:12:17.449 align:start position:0% that it's roughly 4.7 degrees so almost every<00:12:15.240> fifth<00:12:15.600> person<00:12:15.980> you<00:12:16.980> are<00:12:17.100> connected 00:12:17.449 --> 00:12:17.459 align:start position:0% every fifth person you are connected 00:12:17.459 --> 00:12:20.509 align:start position:0% every fifth person you are connected with<00:12:17.760> in<00:12:18.480> the<00:12:18.600> planet<00:12:18.740> and<00:12:19.740> part<00:12:19.980> of<00:12:20.160> that<00:12:20.279> is 00:12:20.509 --> 00:12:20.519 align:start position:0% with in the planet and part of that is 00:12:20.519 --> 00:12:22.790 align:start position:0% with in the planet and part of that is because<00:12:20.820> the<00:12:21.300> connectivity<00:12:21.779> is<00:12:22.200> more<00:12:22.440> easier 00:12:22.790 --> 00:12:22.800 align:start position:0% because the connectivity is more easier 00:12:22.800 --> 00:12:25.610 align:start position:0% because the connectivity is more easier we<00:12:23.459> have<00:12:23.640> access<00:12:23.880> to<00:12:24.180> Internet<00:12:24.500> we<00:12:25.500> can 00:12:25.610 --> 00:12:25.620 align:start position:0% we have access to Internet we can 00:12:25.620 --> 00:12:27.230 align:start position:0% we have access to Internet we can connect<00:12:25.800> to<00:12:26.040> anyone<00:12:26.399> any<00:12:26.700> person<00:12:26.880> in<00:12:27.120> the 00:12:27.230 --> 00:12:27.240 align:start position:0% connect to anyone any person in the 00:12:27.240 --> 00:12:29.150 align:start position:0% connect to anyone any person in the planet<00:12:27.420> on<00:12:28.200> the<00:12:28.320> topics<00:12:28.620> that<00:12:28.860> are 00:12:29.150 --> 00:12:29.160 align:start position:0% planet on the topics that are 00:12:29.160 --> 00:12:32.350 align:start position:0% planet on the topics that are interesting<00:12:29.700> uh<00:12:30.360> for<00:12:30.600> us 00:12:32.350 --> 00:12:32.360 align:start position:0% interesting uh for us 00:12:32.360 --> 00:12:35.750 align:start position:0% interesting uh for us so<00:12:33.360> what<00:12:34.019> happens<00:12:34.200> when<00:12:34.800> we<00:12:34.980> are<00:12:35.220> actually 00:12:35.750 --> 00:12:35.760 align:start position:0% so what happens when we are actually 00:12:35.760 --> 00:12:38.870 align:start position:0% so what happens when we are actually using<00:12:36.120> social<00:12:36.300> media<00:12:37.100> is<00:12:38.100> that<00:12:38.339> we<00:12:38.579> create 00:12:38.870 --> 00:12:38.880 align:start position:0% using social media is that we create 00:12:38.880 --> 00:12:41.210 align:start position:0% using social media is that we create Social<00:12:39.360> Capital<00:12:39.720> social<00:12:40.560> capital<00:12:40.860> is 00:12:41.210 --> 00:12:41.220 align:start position:0% Social Capital social capital is 00:12:41.220 --> 00:12:43.790 align:start position:0% Social Capital social capital is something<00:12:41.399> we<00:12:41.760> all<00:12:41.880> have<00:12:42.440> regardless<00:12:43.440> of<00:12:43.680> the 00:12:43.790 --> 00:12:43.800 align:start position:0% something we all have regardless of the 00:12:43.800 --> 00:12:45.590 align:start position:0% something we all have regardless of the technology<00:12:44.160> so<00:12:44.579> we<00:12:44.880> have<00:12:45.000> social<00:12:45.240> capital 00:12:45.590 --> 00:12:45.600 align:start position:0% technology so we have social capital 00:12:45.600 --> 00:12:48.829 align:start position:0% technology so we have social capital when<00:12:46.500> we<00:12:46.680> are<00:12:46.860> forming<00:12:47.279> friendships<00:12:48.060> uh<00:12:48.600> when 00:12:48.829 --> 00:12:48.839 align:start position:0% when we are forming friendships uh when 00:12:48.839 --> 00:12:51.769 align:start position:0% when we are forming friendships uh when we<00:12:49.019> are<00:12:49.459> connecting<00:12:50.459> with<00:12:50.700> people<00:12:50.940> when<00:12:51.480> we 00:12:51.769 --> 00:12:51.779 align:start position:0% we are connecting with people when we 00:12:51.779 --> 00:12:57.230 align:start position:0% we are connecting with people when we are<00:12:51.959> sharing<00:12:52.440> ideas<00:12:52.800> uh<00:12:53.639> or<00:12:53.820> sharing<00:12:54.300> news 00:12:57.230 --> 00:12:57.240 align:start position:0% are sharing ideas uh or sharing news 00:12:57.240 --> 00:13:00.470 align:start position:0% are sharing ideas uh or sharing news the<00:12:58.200> big<00:12:58.500> problem<00:12:58.680> at<00:12:58.980> the<00:12:59.100> moment<00:12:59.279> is<00:12:59.639> that<00:12:59.940> we 00:13:00.470 --> 00:13:00.480 align:start position:0% the big problem at the moment is that we 00:13:00.480 --> 00:13:02.329 align:start position:0% the big problem at the moment is that we create<00:13:00.660> a<00:13:00.899> lot<00:13:01.019> of<00:13:01.200> this<00:13:01.440> social<00:13:01.800> capital 00:13:02.329 --> 00:13:02.339 align:start position:0% create a lot of this social capital 00:13:02.339 --> 00:13:06.590 align:start position:0% create a lot of this social capital actually<00:13:03.260> online<00:13:04.399> and<00:13:05.399> we're<00:13:05.579> using<00:13:06.000> uh 00:13:06.590 --> 00:13:06.600 align:start position:0% actually online and we're using uh 00:13:06.600 --> 00:13:10.850 align:start position:0% actually online and we're using uh platforms<00:13:07.760> such<00:13:08.760> as<00:13:08.940> the<00:13:09.839> bigger<00:13:10.200> social 00:13:10.850 --> 00:13:10.860 align:start position:0% platforms such as the bigger social 00:13:10.860 --> 00:13:13.610 align:start position:0% platforms such as the bigger social media<00:13:11.279> platforms<00:13:11.700> where<00:13:12.060> we<00:13:12.720> are<00:13:12.899> creating 00:13:13.610 --> 00:13:13.620 align:start position:0% media platforms where we are creating 00:13:13.620 --> 00:13:16.610 align:start position:0% media platforms where we are creating this<00:13:14.060> networks<00:13:15.060> and<00:13:15.240> connectivity<00:13:15.839> and<00:13:16.500> at 00:13:16.610 --> 00:13:16.620 align:start position:0% this networks and connectivity and at 00:13:16.620 --> 00:13:18.769 align:start position:0% this networks and connectivity and at the<00:13:16.800> same<00:13:16.920> time<00:13:17.100> we're<00:13:17.399> publishing<00:13:18.000> uh 00:13:18.769 --> 00:13:18.779 align:start position:0% the same time we're publishing uh 00:13:18.779 --> 00:13:22.190 align:start position:0% the same time we're publishing uh content<00:13:19.260> and<00:13:20.040> these<00:13:20.279> platforms<00:13:20.820> are<00:13:21.180> designed 00:13:22.190 --> 00:13:22.200 align:start position:0% content and these platforms are designed 00:13:22.200 --> 00:13:23.030 align:start position:0% content and these platforms are designed um 00:13:23.030 --> 00:13:23.040 align:start position:0% um 00:13:23.040 --> 00:13:25.690 align:start position:0% um to<00:13:23.639> thrive<00:13:23.940> as<00:13:24.120> a<00:13:24.360> as<00:13:24.480> a<00:13:24.660> basic<00:13:24.899> platform 00:13:25.690 --> 00:13:25.700 align:start position:0% to thrive as a as a basic platform 00:13:25.700 --> 00:13:27.850 align:start position:0% to thrive as a as a basic platform instead<00:13:26.700> of<00:13:26.820> actually 00:13:27.850 --> 00:13:27.860 align:start position:0% instead of actually 00:13:27.860 --> 00:13:31.129 align:start position:0% instead of actually striving<00:13:28.860> to<00:13:29.220> preserve<00:13:29.760> your<00:13:30.060> social<00:13:30.779> capital 00:13:31.129 --> 00:13:31.139 align:start position:0% striving to preserve your social capital 00:13:31.139 --> 00:13:36.110 align:start position:0% striving to preserve your social capital or<00:13:31.980> aligned<00:13:32.760> with<00:13:33.000> your<00:13:33.240> own<00:13:33.839> ideas 00:13:36.110 --> 00:13:36.120 align:start position:0% or aligned with your own ideas 00:13:36.120 --> 00:13:40.150 align:start position:0% or aligned with your own ideas so<00:13:36.899> what<00:13:37.079> I<00:13:37.260> see<00:13:37.380> is<00:13:37.560> that<00:13:38.240> the<00:13:39.240> web<00:13:39.420> to<00:13:39.720> social 00:13:40.150 --> 00:13:40.160 align:start position:0% so what I see is that the web to social 00:13:40.160 --> 00:13:44.090 align:start position:0% so what I see is that the web to social is<00:13:41.160> at<00:13:41.519> the<00:13:41.639> moment<00:13:41.880> a<00:13:42.240> zero-sum<00:13:42.899> game<00:13:43.139> for 00:13:44.090 --> 00:13:44.100 align:start position:0% is at the moment a zero-sum game for 00:13:44.100 --> 00:13:46.670 align:start position:0% is at the moment a zero-sum game for many<00:13:44.279> participants<00:13:44.940> that<00:13:45.540> create<00:13:45.779> uh<00:13:46.500> social 00:13:46.670 --> 00:13:46.680 align:start position:0% many participants that create uh social 00:13:46.680 --> 00:13:49.069 align:start position:0% many participants that create uh social capital 00:13:49.069 --> 00:13:49.079 align:start position:0% 00:13:49.079 --> 00:13:52.009 align:start position:0% and<00:13:50.040> one<00:13:50.459> of<00:13:50.519> the<00:13:50.639> issues<00:13:50.880> is<00:13:51.180> that<00:13:51.420> all<00:13:51.660> of<00:13:51.839> the 00:13:52.009 --> 00:13:52.019 align:start position:0% and one of the issues is that all of the 00:13:52.019 --> 00:13:54.350 align:start position:0% and one of the issues is that all of the users<00:13:52.320> are<00:13:52.740> actually<00:13:52.920> locked<00:13:53.519> in<00:13:53.880> a 00:13:54.350 --> 00:13:54.360 align:start position:0% users are actually locked in a 00:13:54.360 --> 00:13:56.030 align:start position:0% users are actually locked in a particular<00:13:54.600> platform<00:13:55.139> so<00:13:55.620> you<00:13:55.920> can't 00:13:56.030 --> 00:13:56.040 align:start position:0% particular platform so you can't 00:13:56.040 --> 00:14:01.370 align:start position:0% particular platform so you can't actually<00:13:56.959> take<00:13:57.959> your<00:13:58.200> social<00:13:58.380> capital<00:13:59.279> and<00:14:00.380> do 00:14:01.370 --> 00:14:01.380 align:start position:0% actually take your social capital and do 00:14:01.380 --> 00:14:04.069 align:start position:0% actually take your social capital and do a<00:14:01.620> digital<00:14:01.980> exit<00:14:02.459> and<00:14:02.760> transfer<00:14:03.240> transport<00:14:03.779> it 00:14:04.069 --> 00:14:04.079 align:start position:0% a digital exit and transfer transport it 00:14:04.079 --> 00:14:07.790 align:start position:0% a digital exit and transfer transport it to<00:14:04.260> a<00:14:04.560> a<00:14:04.740> new<00:14:05.100> platform<00:14:05.579> or<00:14:06.000> a<00:14:06.180> new<00:14:06.360> venue<00:14:07.320> where 00:14:07.790 --> 00:14:07.800 align:start position:0% to a a new platform or a new venue where 00:14:07.800 --> 00:14:10.250 align:start position:0% to a a new platform or a new venue where you<00:14:08.279> might<00:14:08.459> find<00:14:08.820> uh<00:14:09.420> interesting<00:14:09.839> ways<00:14:10.139> to 00:14:10.250 --> 00:14:10.260 align:start position:0% you might find uh interesting ways to 00:14:10.260 --> 00:14:14.329 align:start position:0% you might find uh interesting ways to connect<00:14:10.440> with<00:14:10.680> your<00:14:10.980> peers<00:14:11.399> and<00:14:11.820> share<00:14:12.240> ideas 00:14:14.329 --> 00:14:14.339 align:start position:0% connect with your peers and share ideas 00:14:14.339 --> 00:14:17.470 align:start position:0% connect with your peers and share ideas Traders<00:14:15.180> at<00:14:15.660> the<00:14:15.839> current<00:14:15.959> state<00:14:16.320> lack<00:14:16.860> of 00:14:17.470 --> 00:14:17.480 align:start position:0% Traders at the current state lack of 00:14:17.480 --> 00:14:20.110 align:start position:0% Traders at the current state lack of distribution<00:14:18.480> and<00:14:19.079> for<00:14:19.260> the<00:14:19.440> same<00:14:19.560> reasons 00:14:20.110 --> 00:14:20.120 align:start position:0% distribution and for the same reasons 00:14:20.120 --> 00:14:22.910 align:start position:0% distribution and for the same reasons you<00:14:21.120> are<00:14:21.240> locked<00:14:21.600> in<00:14:21.779> into<00:14:22.079> these<00:14:22.620> particular 00:14:22.910 --> 00:14:22.920 align:start position:0% you are locked in into these particular 00:14:22.920 --> 00:14:25.790 align:start position:0% you are locked in into these particular platforms<00:14:23.579> and<00:14:24.240> also<00:14:24.779> it's<00:14:25.019> very<00:14:25.200> hard<00:14:25.500> to 00:14:25.790 --> 00:14:25.800 align:start position:0% platforms and also it's very hard to 00:14:25.800 --> 00:14:28.610 align:start position:0% platforms and also it's very hard to actually<00:14:26.160> monetize<00:14:26.940> Beyond 00:14:28.610 --> 00:14:28.620 align:start position:0% actually monetize Beyond 00:14:28.620 --> 00:14:31.670 align:start position:0% actually monetize Beyond um<00:14:28.740> sharing<00:14:29.779> the<00:14:30.779> traffic<00:14:30.959> of<00:14:31.320> what<00:14:31.560> you're 00:14:31.670 --> 00:14:31.680 align:start position:0% um sharing the traffic of what you're 00:14:31.680 --> 00:14:35.269 align:start position:0% um sharing the traffic of what you're getting<00:14:31.920> to<00:14:32.600> maybe<00:14:33.600> your<00:14:34.019> home<00:14:34.440> page 00:14:35.269 --> 00:14:35.279 align:start position:0% getting to maybe your home page 00:14:35.279 --> 00:14:38.870 align:start position:0% getting to maybe your home page and<00:14:36.360> for<00:14:36.720> the<00:14:36.899> developers<00:14:37.459> there<00:14:38.459> is<00:14:38.639> actually 00:14:38.870 --> 00:14:38.880 align:start position:0% and for the developers there is actually 00:14:38.880 --> 00:14:42.470 align:start position:0% and for the developers there is actually lack<00:14:39.420> of<00:14:39.740> freedom<00:14:40.740> to<00:14:41.339> come<00:14:41.579> and<00:14:41.940> and<00:14:42.180> build 00:14:42.470 --> 00:14:42.480 align:start position:0% lack of freedom to come and and build 00:14:42.480 --> 00:14:44.329 align:start position:0% lack of freedom to come and and build and<00:14:42.779> innovate 00:14:44.329 --> 00:14:44.339 align:start position:0% and innovate 00:14:44.339 --> 00:14:46.610 align:start position:0% and innovate um<00:14:44.399> ways<00:14:45.360> to<00:14:45.540> how<00:14:45.779> to<00:14:45.899> connect<00:14:46.139> with<00:14:46.380> people 00:14:46.610 --> 00:14:46.620 align:start position:0% um ways to how to connect with people 00:14:46.620 --> 00:14:51.410 align:start position:0% um ways to how to connect with people innovate<00:14:47.579> on<00:14:47.760> the<00:14:47.940> experiences<00:14:48.540> as<00:14:48.779> well<00:14:49.019> and 00:14:51.410 --> 00:14:51.420 align:start position:0% innovate on the experiences as well and 00:14:51.420 --> 00:14:54.829 align:start position:0% innovate on the experiences as well and create<00:14:52.139> new<00:14:52.880> applications<00:14:53.880> and<00:14:54.480> and<00:14:54.600> new 00:14:54.829 --> 00:14:54.839 align:start position:0% create new applications and and new 00:14:54.839 --> 00:14:58.009 align:start position:0% create new applications and and new Networks 00:14:58.009 --> 00:14:58.019 align:start position:0% 00:14:58.019 --> 00:15:01.129 align:start position:0% so<00:14:58.680> I<00:14:59.339> believe<00:14:59.519> that<00:14:59.760> web2<00:15:00.180> social<00:15:00.420> is<00:15:00.839> right 00:15:01.129 --> 00:15:01.139 align:start position:0% so I believe that web2 social is right 00:15:01.139 --> 00:15:04.189 align:start position:0% so I believe that web2 social is right for<00:15:01.459> disruption<00:15:02.459> at<00:15:02.760> the<00:15:02.880> moment<00:15:03.060> and<00:15:03.899> I<00:15:04.079> think 00:15:04.189 --> 00:15:04.199 align:start position:0% for disruption at the moment and I think 00:15:04.199 --> 00:15:06.710 align:start position:0% for disruption at the moment and I think pep3<00:15:04.860> social<00:15:05.100> is<00:15:05.880> something<00:15:06.060> that<00:15:06.420> creates 00:15:06.710 --> 00:15:06.720 align:start position:0% pep3 social is something that creates 00:15:06.720 --> 00:15:10.790 align:start position:0% pep3 social is something that creates the<00:15:07.079> positive<00:15:07.560> some<00:15:08.279> value<00:15:08.579> so<00:15:09.420> it<00:15:10.320> builds<00:15:10.680> the 00:15:10.790 --> 00:15:10.800 align:start position:0% the positive some value so it builds the 00:15:10.800 --> 00:15:13.250 align:start position:0% the positive some value so it builds the value<00:15:10.980> for<00:15:11.399> the<00:15:11.579> users<00:15:11.880> and<00:15:12.360> it<00:15:12.480> builds<00:15:12.899> builds 00:15:13.250 --> 00:15:13.260 align:start position:0% value for the users and it builds builds 00:15:13.260 --> 00:15:17.150 align:start position:0% value for the users and it builds builds the<00:15:13.380> value<00:15:13.639> for<00:15:14.639> the<00:15:14.820> community 00:15:17.150 --> 00:15:17.160 align:start position:0% 00:15:17.160 --> 00:15:19.850 align:start position:0% and<00:15:17.699> what<00:15:17.940> I<00:15:18.060> want<00:15:18.180> to<00:15:18.300> introduce<00:15:18.660> here<00:15:18.959> is<00:15:19.440> the 00:15:19.850 --> 00:15:19.860 align:start position:0% and what I want to introduce here is the 00:15:19.860 --> 00:15:22.850 align:start position:0% and what I want to introduce here is the web<00:15:20.100> free<00:15:20.399> social<00:15:21.120> layer<00:15:21.720> the<00:15:22.380> components 00:15:22.850 --> 00:15:22.860 align:start position:0% web free social layer the components 00:15:22.860 --> 00:15:25.629 align:start position:0% web free social layer the components that<00:15:23.040> are<00:15:23.220> actually<00:15:23.459> and<00:15:23.820> the<00:15:24.000> ingredients 00:15:25.629 --> 00:15:25.639 align:start position:0% that are actually and the ingredients 00:15:25.639 --> 00:15:28.329 align:start position:0% that are actually and the ingredients that<00:15:26.639> bring<00:15:27.240> that 00:15:28.329 --> 00:15:28.339 align:start position:0% that bring that 00:15:28.339 --> 00:15:31.490 align:start position:0% that bring that bring<00:15:29.339> these<00:15:29.699> benefits<00:15:30.120> for<00:15:30.420> for<00:15:31.019> all<00:15:31.320> those 00:15:31.490 --> 00:15:31.500 align:start position:0% bring these benefits for for all those 00:15:31.500 --> 00:15:34.730 align:start position:0% bring these benefits for for all those three<00:15:31.680> parties<00:15:32.100> the<00:15:32.339> users<00:15:33.019> the<00:15:34.019> creators<00:15:34.380> and 00:15:34.730 --> 00:15:34.740 align:start position:0% three parties the users the creators and 00:15:34.740 --> 00:15:37.129 align:start position:0% three parties the users the creators and also<00:15:34.980> the<00:15:35.279> Developers 00:15:37.129 --> 00:15:37.139 align:start position:0% also the Developers 00:15:37.139 --> 00:15:41.030 align:start position:0% also the Developers so<00:15:37.980> why<00:15:38.399> web3<00:15:38.940> is<00:15:39.779> a<00:15:39.899> game<00:15:40.019> changer<00:15:40.560> especially 00:15:41.030 --> 00:15:41.040 align:start position:0% so why web3 is a game changer especially 00:15:41.040 --> 00:15:43.790 align:start position:0% so why web3 is a game changer especially in<00:15:41.160> the<00:15:41.279> social<00:15:41.399> space<00:15:42.019> is<00:15:43.019> because<00:15:43.260> the 00:15:43.790 --> 00:15:43.800 align:start position:0% in the social space is because the 00:15:43.800 --> 00:15:46.030 align:start position:0% in the social space is because the creators<00:15:44.160> are<00:15:44.339> getting<00:15:44.519> ownership<00:15:45.000> of<00:15:45.480> their 00:15:46.030 --> 00:15:46.040 align:start position:0% creators are getting ownership of their 00:15:46.040 --> 00:15:49.069 align:start position:0% creators are getting ownership of their content<00:15:47.040> distribution<00:15:47.519> so<00:15:48.360> you<00:15:48.540> as<00:15:48.660> a<00:15:48.839> Creator 00:15:49.069 --> 00:15:49.079 align:start position:0% content distribution so you as a Creator 00:15:49.079 --> 00:15:52.370 align:start position:0% content distribution so you as a Creator can<00:15:49.380> actually<00:15:50.000> decide<00:15:51.000> how<00:15:51.540> you<00:15:51.720> uh 00:15:52.370 --> 00:15:52.380 align:start position:0% can actually decide how you uh 00:15:52.380 --> 00:15:54.710 align:start position:0% can actually decide how you uh distribute<00:15:52.860> content<00:15:53.279> to<00:15:53.459> your<00:15:53.579> audience<00:15:53.940> you 00:15:54.710 --> 00:15:54.720 align:start position:0% distribute content to your audience you 00:15:54.720 --> 00:15:56.930 align:start position:0% distribute content to your audience you also<00:15:55.079> own<00:15:55.500> that<00:15:55.740> relationship<00:15:56.220> between<00:15:56.579> you 00:15:56.930 --> 00:15:56.940 align:start position:0% also own that relationship between you 00:15:56.940 --> 00:15:59.329 align:start position:0% also own that relationship between you and<00:15:57.240> your<00:15:57.360> peers<00:15:57.779> and<00:15:58.560> it's<00:15:58.680> not<00:15:58.920> locked<00:15:59.220> into 00:15:59.329 --> 00:15:59.339 align:start position:0% and your peers and it's not locked into 00:15:59.339 --> 00:16:02.329 align:start position:0% and your peers and it's not locked into a<00:15:59.639> particular<00:16:00.139> platform<00:16:01.139> and<00:16:01.860> because<00:16:02.040> you're 00:16:02.329 --> 00:16:02.339 align:start position:0% a particular platform and because you're 00:16:02.339 --> 00:16:05.150 align:start position:0% a particular platform and because you're not<00:16:02.639> logged<00:16:02.940> into<00:16:03.060> a<00:16:03.300> particular<00:16:03.540> platform<00:16:04.500> as 00:16:05.150 --> 00:16:05.160 align:start position:0% not logged into a particular platform as 00:16:05.160 --> 00:16:07.189 align:start position:0% not logged into a particular platform as a<00:16:05.339> user<00:16:05.639> you<00:16:05.940> have<00:16:06.060> the<00:16:06.300> choice<00:16:06.600> to<00:16:06.959> actually 00:16:07.189 --> 00:16:07.199 align:start position:0% a user you have the choice to actually 00:16:07.199 --> 00:16:09.290 align:start position:0% a user you have the choice to actually select<00:16:07.980> the<00:16:08.160> experiences<00:16:08.760> and<00:16:09.180> the 00:16:09.290 --> 00:16:09.300 align:start position:0% select the experiences and the 00:16:09.300 --> 00:16:12.290 align:start position:0% select the experiences and the algorithms<00:16:09.980> that<00:16:10.980> serve<00:16:11.279> you<00:16:11.399> the<00:16:11.699> most<00:16:11.820> and 00:16:12.290 --> 00:16:12.300 align:start position:0% algorithms that serve you the most and 00:16:12.300 --> 00:16:15.710 align:start position:0% algorithms that serve you the most and are<00:16:12.540> aligned<00:16:13.019> with<00:16:13.560> you<00:16:13.820> the<00:16:14.820> most 00:16:15.710 --> 00:16:15.720 align:start position:0% are aligned with you the most 00:16:15.720 --> 00:16:19.009 align:start position:0% are aligned with you the most and<00:16:16.260> for<00:16:16.380> developers<00:16:16.920> it<00:16:17.339> means<00:16:17.579> also<00:16:18.019> when 00:16:19.009 --> 00:16:19.019 align:start position:0% and for developers it means also when 00:16:19.019 --> 00:16:22.069 align:start position:0% and for developers it means also when all<00:16:19.740> of<00:16:19.920> the<00:16:20.220> web3<00:16:20.820> is<00:16:21.060> built<00:16:21.360> by<00:16:21.480> on<00:16:21.779> top<00:16:21.959> of 00:16:22.069 --> 00:16:22.079 align:start position:0% all of the web3 is built by on top of 00:16:22.079 --> 00:16:24.410 align:start position:0% all of the web3 is built by on top of the<00:16:22.260> open<00:16:22.380> networks<00:16:23.120> you<00:16:24.120> have<00:16:24.240> the 00:16:24.410 --> 00:16:24.420 align:start position:0% the open networks you have the 00:16:24.420 --> 00:16:26.870 align:start position:0% the open networks you have the accessibility<00:16:24.959> to<00:16:25.800> improve<00:16:26.100> these<00:16:26.399> networks 00:16:26.870 --> 00:16:26.880 align:start position:0% accessibility to improve these networks 00:16:26.880 --> 00:16:29.870 align:start position:0% accessibility to improve these networks and<00:16:27.480> actually<00:16:27.720> develop<00:16:28.320> them<00:16:28.560> further<00:16:29.339> so<00:16:29.760> you 00:16:29.870 --> 00:16:29.880 align:start position:0% and actually develop them further so you 00:16:29.880 --> 00:16:33.350 align:start position:0% and actually develop them further so you have<00:16:30.060> access<00:16:30.300> to<00:16:30.720> develop<00:16:31.079> the<00:16:31.500> networks 00:16:33.350 --> 00:16:33.360 align:start position:0% have access to develop the networks 00:16:33.360 --> 00:16:37.249 align:start position:0% have access to develop the networks and<00:16:34.079> web3<00:16:34.680> space<00:16:35.060> I<00:16:36.060> mean<00:16:36.180> it's<00:16:36.600> still<00:16:36.839> growing 00:16:37.249 --> 00:16:37.259 align:start position:0% and web3 space I mean it's still growing 00:16:37.259 --> 00:16:39.290 align:start position:0% and web3 space I mean it's still growing quite<00:16:37.740> a<00:16:37.860> lot<00:16:37.920> there's<00:16:38.160> more<00:16:38.399> investments<00:16:39.000> in 00:16:39.290 --> 00:16:39.300 align:start position:0% quite a lot there's more investments in 00:16:39.300 --> 00:16:42.949 align:start position:0% quite a lot there's more investments in the<00:16:39.560> region<00:16:40.560> we<00:16:41.040> also<00:16:41.279> have<00:16:41.459> locally<00:16:41.940> here<00:16:42.660> in 00:16:42.949 --> 00:16:42.959 align:start position:0% the region we also have locally here in 00:16:42.959 --> 00:16:46.009 align:start position:0% the region we also have locally here in Colombia<00:16:43.380> 6.1<00:16:44.160> percent<00:16:44.399> are<00:16:44.759> owning 00:16:46.009 --> 00:16:46.019 align:start position:0% Colombia 6.1 percent are owning 00:16:46.019 --> 00:16:48.230 align:start position:0% Colombia 6.1 percent are owning um<00:16:46.079> cryptocurrency 00:16:48.230 --> 00:16:48.240 align:start position:0% um cryptocurrency 00:16:48.240 --> 00:16:51.170 align:start position:0% um cryptocurrency and<00:16:48.899> we<00:16:49.079> also<00:16:49.320> see<00:16:49.560> here<00:16:49.920> in<00:16:50.100> Colombia<00:16:50.519> that 00:16:51.170 --> 00:16:51.180 align:start position:0% and we also see here in Colombia that 00:16:51.180 --> 00:16:52.550 align:start position:0% and we also see here in Colombia that it's<00:16:51.480> one<00:16:51.660> of<00:16:51.720> the<00:16:51.839> countries<00:16:52.199> that<00:16:52.380> are 00:16:52.550 --> 00:16:52.560 align:start position:0% it's one of the countries that are 00:16:52.560 --> 00:16:53.569 align:start position:0% it's one of the countries that are getting 00:16:53.569 --> 00:16:53.579 align:start position:0% getting 00:16:53.579 --> 00:16:55.910 align:start position:0% getting um<00:16:54.060> accelerated<00:16:54.899> adoption<00:16:55.440> at<00:16:55.620> the<00:16:55.740> moment 00:16:55.910 --> 00:16:55.920 align:start position:0% um accelerated adoption at the moment 00:16:55.920 --> 00:16:58.790 align:start position:0% um accelerated adoption at the moment including<00:16:56.579> uh<00:16:57.300> some<00:16:57.480> of<00:16:57.600> these<00:16:57.839> countries<00:16:58.199> in 00:16:58.790 --> 00:16:58.800 align:start position:0% including uh some of these countries in 00:16:58.800 --> 00:17:02.090 align:start position:0% including uh some of these countries in Asia<00:16:59.279> like<00:16:59.519> Vietnam<00:16:59.959> also<00:17:00.959> India 00:17:02.090 --> 00:17:02.100 align:start position:0% Asia like Vietnam also India 00:17:02.100 --> 00:17:05.750 align:start position:0% Asia like Vietnam also India turkey<00:17:02.759> and<00:17:03.360> and<00:17:03.480> amongst<00:17:04.020> others<00:17:04.559> so<00:17:05.339> we're 00:17:05.750 --> 00:17:05.760 align:start position:0% turkey and and amongst others so we're 00:17:05.760 --> 00:17:08.390 align:start position:0% turkey and and amongst others so we're uh<00:17:06.720> in<00:17:07.319> this<00:17:07.439> perspective<00:17:07.740> we're<00:17:08.040> in<00:17:08.220> the 00:17:08.390 --> 00:17:08.400 align:start position:0% uh in this perspective we're in the 00:17:08.400 --> 00:17:10.210 align:start position:0% uh in this perspective we're in the right<00:17:08.520> place<00:17:08.760> to<00:17:09.120> talk<00:17:09.240> about 00:17:10.210 --> 00:17:10.220 align:start position:0% right place to talk about 00:17:10.220 --> 00:17:12.590 align:start position:0% right place to talk about web3<00:17:11.220> as<00:17:11.760> a 00:17:12.590 --> 00:17:12.600 align:start position:0% web3 as a 00:17:12.600 --> 00:17:14.929 align:start position:0% web3 as a an<00:17:13.020> open<00:17:13.140> networks<00:17:13.740> and<00:17:13.980> and<00:17:14.100> how<00:17:14.400> it<00:17:14.579> could<00:17:14.760> we 00:17:14.929 --> 00:17:14.939 align:start position:0% an open networks and and how it could we 00:17:14.939 --> 00:17:18.230 align:start position:0% an open networks and and how it could we could<00:17:15.120> build<00:17:15.799> them<00:17:16.799> further 00:17:18.230 --> 00:17:18.240 align:start position:0% could build them further 00:17:18.240 --> 00:17:20.689 align:start position:0% could build them further so<00:17:18.720> we<00:17:18.900> see<00:17:19.020> web3<00:17:19.559> social<00:17:19.919> has<00:17:20.280> a<00:17:20.400> green<00:17:20.520> field 00:17:20.689 --> 00:17:20.699 align:start position:0% so we see web3 social has a green field 00:17:20.699 --> 00:17:22.669 align:start position:0% so we see web3 social has a green field of<00:17:20.880> opportunity 00:17:22.669 --> 00:17:22.679 align:start position:0% of opportunity 00:17:22.679 --> 00:17:24.169 align:start position:0% of opportunity there<00:17:23.220> are<00:17:23.339> ingredients<00:17:23.699> that<00:17:23.880> are<00:17:24.059> very 00:17:24.169 --> 00:17:24.179 align:start position:0% there are ingredients that are very 00:17:24.179 --> 00:17:26.829 align:start position:0% there are ingredients that are very valuable<00:17:24.660> when<00:17:25.140> you<00:17:25.319> build<00:17:25.559> web<00:17:26.160> tree<00:17:26.400> social 00:17:26.829 --> 00:17:26.839 align:start position:0% valuable when you build web tree social 00:17:26.839 --> 00:17:30.230 align:start position:0% valuable when you build web tree social so<00:17:27.839> the<00:17:28.199> networks<00:17:28.620> must<00:17:28.799> be<00:17:28.980> open<00:17:29.240> meaning 00:17:30.230 --> 00:17:30.240 align:start position:0% so the networks must be open meaning 00:17:30.240 --> 00:17:32.810 align:start position:0% so the networks must be open meaning that<00:17:30.660> anyone<00:17:31.200> can<00:17:31.440> actually<00:17:31.679> compute<00:17:32.520> on<00:17:32.700> the 00:17:32.810 --> 00:17:32.820 align:start position:0% that anyone can actually compute on the 00:17:32.820 --> 00:17:35.930 align:start position:0% that anyone can actually compute on the data<00:17:33.120> that<00:17:33.480> is<00:17:33.660> on<00:17:33.900> web3<00:17:34.380> social<00:17:34.740> can<00:17:35.700> actually 00:17:35.930 --> 00:17:35.940 align:start position:0% data that is on web3 social can actually 00:17:35.940 --> 00:17:38.630 align:start position:0% data that is on web3 social can actually use<00:17:36.539> these<00:17:36.900> components<00:17:37.440> smart<00:17:38.220> contract 00:17:38.630 --> 00:17:38.640 align:start position:0% use these components smart contract 00:17:38.640 --> 00:17:42.650 align:start position:0% use these components smart contract libraries<00:17:39.440> and<00:17:40.440> also<00:17:40.880> take<00:17:41.880> what<00:17:42.179> is<00:17:42.480> already 00:17:42.650 --> 00:17:42.660 align:start position:0% libraries and also take what is already 00:17:42.660 --> 00:17:45.830 align:start position:0% libraries and also take what is already existing<00:17:43.260> improve<00:17:43.919> it<00:17:44.039> and<00:17:44.700> make<00:17:45.660> it 00:17:45.830 --> 00:17:45.840 align:start position:0% existing improve it and make it 00:17:45.840 --> 00:17:48.169 align:start position:0% existing improve it and make it available<00:17:46.020> to<00:17:46.679> people 00:17:48.169 --> 00:17:48.179 align:start position:0% available to people 00:17:48.179 --> 00:17:49.029 align:start position:0% available to people um 00:17:49.029 --> 00:17:49.039 align:start position:0% um 00:17:49.039 --> 00:17:51.650 align:start position:0% um and<00:17:50.039> also<00:17:50.460> one<00:17:50.760> key<00:17:50.940> point<00:17:51.120> is<00:17:51.419> the 00:17:51.650 --> 00:17:51.660 align:start position:0% and also one key point is the 00:17:51.660 --> 00:17:54.289 align:start position:0% and also one key point is the decentralization<00:17:52.340> so<00:17:53.340> what<00:17:53.640> makes<00:17:53.760> web3 00:17:54.289 --> 00:17:54.299 align:start position:0% decentralization so what makes web3 00:17:54.299 --> 00:17:56.870 align:start position:0% decentralization so what makes web3 social<00:17:54.600> very<00:17:55.020> valuable<00:17:55.440> is<00:17:56.100> the<00:17:56.280> architecture 00:17:56.870 --> 00:17:56.880 align:start position:0% social very valuable is the architecture 00:17:56.880 --> 00:17:59.870 align:start position:0% social very valuable is the architecture and<00:17:57.360> the<00:17:57.539> architecture<00:17:58.020> is<00:17:58.320> where<00:17:58.799> you<00:17:59.460> as<00:17:59.700> a 00:17:59.870 --> 00:17:59.880 align:start position:0% and the architecture is where you as a 00:17:59.880 --> 00:18:04.190 align:start position:0% and the architecture is where you as a user<00:18:00.240> uh<00:18:00.960> owned<00:18:01.440> your<00:18:01.559> profile<00:18:02.220> on<00:18:03.000> chain<00:18:03.200> and 00:18:04.190 --> 00:18:04.200 align:start position:0% user uh owned your profile on chain and 00:18:04.200 --> 00:18:06.049 align:start position:0% user uh owned your profile on chain and you<00:18:04.500> own<00:18:04.620> your<00:18:04.919> social<00:18:05.280> graph<00:18:05.820> and 00:18:06.049 --> 00:18:06.059 align:start position:0% you own your social graph and 00:18:06.059 --> 00:18:08.390 align:start position:0% you own your social graph and connectivity<00:18:06.660> which<00:18:07.440> means<00:18:07.740> that<00:18:07.980> you<00:18:08.220> own 00:18:08.390 --> 00:18:08.400 align:start position:0% connectivity which means that you own 00:18:08.400 --> 00:18:12.049 align:start position:0% connectivity which means that you own your<00:18:09.059> social<00:18:09.480> capital 00:18:12.049 --> 00:18:12.059 align:start position:0% your social capital 00:18:12.059 --> 00:18:14.950 align:start position:0% your social capital and<00:18:12.840> here's<00:18:13.620> the<00:18:13.740> social<00:18:13.919> layer<00:18:14.400> where 00:18:14.950 --> 00:18:14.960 align:start position:0% and here's the social layer where 00:18:14.960 --> 00:18:19.010 align:start position:0% and here's the social layer where individuals<00:18:15.960> they<00:18:16.440> have<00:18:16.679> their<00:18:17.039> identity<00:18:18.020> you 00:18:19.010 --> 00:18:19.020 align:start position:0% individuals they have their identity you 00:18:19.020 --> 00:18:20.810 align:start position:0% individuals they have their identity you have<00:18:19.140> social<00:18:19.260> verification<00:18:19.980> when<00:18:20.460> you<00:18:20.640> are 00:18:20.810 --> 00:18:20.820 align:start position:0% have social verification when you are 00:18:20.820 --> 00:18:23.210 align:start position:0% have social verification when you are connecting<00:18:21.419> with<00:18:21.720> the<00:18:21.840> peers 00:18:23.210 --> 00:18:23.220 align:start position:0% connecting with the peers 00:18:23.220 --> 00:18:26.330 align:start position:0% connecting with the peers and<00:18:23.700> for<00:18:23.940> the<00:18:24.120> groups<00:18:24.480> uh<00:18:25.200> what<00:18:25.559> you<00:18:25.679> can<00:18:25.799> do<00:18:25.980> is 00:18:26.330 --> 00:18:26.340 align:start position:0% and for the groups uh what you can do is 00:18:26.340 --> 00:18:28.130 align:start position:0% and for the groups uh what you can do is that<00:18:26.580> you<00:18:26.820> have<00:18:27.000> community-owned<00:18:27.960> interest 00:18:28.130 --> 00:18:28.140 align:start position:0% that you have community-owned interest 00:18:28.140 --> 00:18:31.190 align:start position:0% that you have community-owned interest graphs<00:18:28.679> open<00:18:29.340> algorithms<00:18:30.179> so<00:18:30.720> when<00:18:30.900> we<00:18:31.080> take 00:18:31.190 --> 00:18:31.200 align:start position:0% graphs open algorithms so when we take 00:18:31.200 --> 00:18:34.490 align:start position:0% graphs open algorithms so when we take the<00:18:31.440> base<00:18:31.620> layer<00:18:32.419> and<00:18:33.419> give<00:18:33.720> the<00:18:33.900> ownership<00:18:34.200> to 00:18:34.490 --> 00:18:34.500 align:start position:0% the base layer and give the ownership to 00:18:34.500 --> 00:18:36.950 align:start position:0% the base layer and give the ownership to the<00:18:34.620> users<00:18:34.980> and 00:18:36.950 --> 00:18:36.960 align:start position:0% the users and 00:18:36.960 --> 00:18:39.890 align:start position:0% the users and what<00:18:37.500> it<00:18:37.679> allows<00:18:38.220> us<00:18:38.280> to<00:18:38.460> do<00:18:38.640> is<00:18:39.000> that<00:18:39.299> first 00:18:39.890 --> 00:18:39.900 align:start position:0% what it allows us to do is that first 00:18:39.900 --> 00:18:42.650 align:start position:0% what it allows us to do is that first time<00:18:40.200> ever<00:18:40.440> anyone<00:18:41.100> can<00:18:41.340> actually<00:18:41.580> build<00:18:42.000> new 00:18:42.650 --> 00:18:42.660 align:start position:0% time ever anyone can actually build new 00:18:42.660 --> 00:18:45.230 align:start position:0% time ever anyone can actually build new algorithms<00:18:43.320> and<00:18:43.740> these<00:18:43.980> algorithms<00:18:44.520> do<00:18:45.059> not 00:18:45.230 --> 00:18:45.240 align:start position:0% algorithms and these algorithms do not 00:18:45.240 --> 00:18:47.750 align:start position:0% algorithms and these algorithms do not need<00:18:45.419> to<00:18:45.539> be<00:18:45.660> black<00:18:45.900> boxes<00:18:46.440> they<00:18:47.340> can<00:18:47.520> actually 00:18:47.750 --> 00:18:47.760 align:start position:0% need to be black boxes they can actually 00:18:47.760 --> 00:18:50.409 align:start position:0% need to be black boxes they can actually be<00:18:48.120> transparent<00:18:48.840> algorithms<00:18:49.679> where 00:18:50.409 --> 00:18:50.419 align:start position:0% be transparent algorithms where 00:18:50.419 --> 00:18:53.690 align:start position:0% be transparent algorithms where developers<00:18:51.419> are<00:18:51.960> explaining<00:18:52.919> what<00:18:53.400> kind<00:18:53.580> of 00:18:53.690 --> 00:18:53.700 align:start position:0% developers are explaining what kind of 00:18:53.700 --> 00:18:55.909 align:start position:0% developers are explaining what kind of algorithm<00:18:54.240> and<00:18:54.539> what<00:18:54.840> data<00:18:55.320> points<00:18:55.620> that 00:18:55.909 --> 00:18:55.919 align:start position:0% algorithm and what data points that 00:18:55.919 --> 00:18:58.970 align:start position:0% algorithm and what data points that algorithm<00:18:56.400> is<00:18:57.179> using<00:18:57.539> and<00:18:58.320> that<00:18:58.620> brings 00:18:58.970 --> 00:18:58.980 align:start position:0% algorithm is using and that brings 00:18:58.980 --> 00:19:01.850 align:start position:0% algorithm is using and that brings alignment<00:18:59.640> between<00:18:59.940> developers<00:19:00.780> the<00:19:01.440> users 00:19:01.850 --> 00:19:01.860 align:start position:0% alignment between developers the users 00:19:01.860 --> 00:19:04.789 align:start position:0% alignment between developers the users and<00:19:02.520> the<00:19:02.760> communities 00:19:04.789 --> 00:19:04.799 align:start position:0% and the communities 00:19:04.799 --> 00:19:07.370 align:start position:0% and the communities and<00:19:05.640> for<00:19:05.820> creators<00:19:06.240> it<00:19:06.600> means<00:19:06.900> that<00:19:07.140> actually 00:19:07.370 --> 00:19:07.380 align:start position:0% and for creators it means that actually 00:19:07.380 --> 00:19:10.130 align:start position:0% and for creators it means that actually when<00:19:07.740> you<00:19:07.919> own<00:19:08.100> your<00:19:08.780> distribution<00:19:09.780> Channel 00:19:10.130 --> 00:19:10.140 align:start position:0% when you own your distribution Channel 00:19:10.140 --> 00:19:13.730 align:start position:0% when you own your distribution Channel it<00:19:10.980> also<00:19:11.220> unlocks<00:19:11.700> your<00:19:11.940> you<00:19:12.780> a<00:19:13.020> new<00:19:13.200> ways<00:19:13.559> of 00:19:13.730 --> 00:19:13.740 align:start position:0% it also unlocks your you a new ways of 00:19:13.740 --> 00:19:14.590 align:start position:0% it also unlocks your you a new ways of actually 00:19:14.590 --> 00:19:14.600 align:start position:0% actually 00:19:14.600 --> 00:19:16.789 align:start position:0% actually creating<00:19:15.600> content<00:19:16.200> and<00:19:16.500> creating 00:19:16.789 --> 00:19:16.799 align:start position:0% creating content and creating 00:19:16.799 --> 00:19:19.789 align:start position:0% creating content and creating experiences<00:19:17.580> based<00:19:18.299> on<00:19:18.419> the<00:19:18.720> web3<00:19:19.080> social 00:19:19.789 --> 00:19:19.799 align:start position:0% experiences based on the web3 social 00:19:19.799 --> 00:19:22.850 align:start position:0% experiences based on the web3 social footprint 00:19:22.850 --> 00:19:22.860 align:start position:0% 00:19:22.860 --> 00:19:25.930 align:start position:0% and<00:19:23.280> also<00:19:23.520> monetization<00:19:24.000> is<00:19:24.360> key<00:19:24.600> part<00:19:24.840> so 00:19:25.930 --> 00:19:25.940 align:start position:0% and also monetization is key part so 00:19:25.940 --> 00:19:29.029 align:start position:0% and also monetization is key part so monetization<00:19:26.940> is<00:19:27.299> and<00:19:27.780> financialization<00:19:28.559> is 00:19:29.029 --> 00:19:29.039 align:start position:0% monetization is and financialization is 00:19:29.039 --> 00:19:31.909 align:start position:0% monetization is and financialization is something<00:19:29.280> that<00:19:29.520> is<00:19:29.640> part<00:19:29.880> of<00:19:30.059> the<00:19:30.559> web<00:19:31.559> tree 00:19:31.909 --> 00:19:31.919 align:start position:0% something that is part of the web tree 00:19:31.919 --> 00:19:35.450 align:start position:0% something that is part of the web tree value<00:19:32.340> proposition<00:19:32.880> and<00:19:33.720> with<00:19:34.020> with<00:19:34.380> the<00:19:34.860> idea 00:19:35.450 --> 00:19:35.460 align:start position:0% value proposition and with with the idea 00:19:35.460 --> 00:19:37.730 align:start position:0% value proposition and with with the idea of<00:19:35.580> opening<00:19:35.940> the<00:19:36.120> identity<00:19:36.539> at<00:19:37.200> the<00:19:37.320> same<00:19:37.500> time 00:19:37.730 --> 00:19:37.740 align:start position:0% of opening the identity at the same time 00:19:37.740 --> 00:19:39.529 align:start position:0% of opening the identity at the same time it<00:19:38.340> means<00:19:38.580> that 00:19:39.529 --> 00:19:39.539 align:start position:0% it means that 00:19:39.539 --> 00:19:41.630 align:start position:0% it means that um you<00:19:40.380> can<00:19:40.440> actually<00:19:40.679> own<00:19:40.980> the<00:19:41.220> way<00:19:41.400> you 00:19:41.630 --> 00:19:41.640 align:start position:0% um you can actually own the way you 00:19:41.640 --> 00:19:43.370 align:start position:0% um you can actually own the way you monetize<00:19:42.120> and<00:19:42.480> you<00:19:42.660> don't<00:19:42.840> have<00:19:43.020> to<00:19:43.200> be 00:19:43.370 --> 00:19:43.380 align:start position:0% monetize and you don't have to be 00:19:43.380 --> 00:19:45.409 align:start position:0% monetize and you don't have to be relying<00:19:43.860> on<00:19:44.100> the<00:19:44.220> platforms<00:19:44.760> but<00:19:45.240> actually 00:19:45.409 --> 00:19:45.419 align:start position:0% relying on the platforms but actually 00:19:45.419 --> 00:19:49.190 align:start position:0% relying on the platforms but actually find<00:19:45.780> a<00:19:45.960> venue<00:19:46.880> with<00:19:47.880> your<00:19:48.120> social<00:19:48.419> graph<00:19:48.900> and 00:19:49.190 --> 00:19:49.200 align:start position:0% find a venue with your social graph and 00:19:49.200 --> 00:19:50.450 align:start position:0% find a venue with your social graph and with<00:19:49.320> your<00:19:49.500> profile<00:19:49.860> and<00:19:50.280> actually 00:19:50.450 --> 00:19:50.460 align:start position:0% with your profile and actually 00:19:50.460 --> 00:19:52.970 align:start position:0% with your profile and actually distribute<00:19:51.419> the<00:19:51.660> content<00:19:51.960> and<00:19:52.320> monetize<00:19:52.740> the 00:19:52.970 --> 00:19:52.980 align:start position:0% distribute the content and monetize the 00:19:52.980 --> 00:19:56.690 align:start position:0% distribute the content and monetize the way<00:19:53.360> you<00:19:54.360> want 00:19:56.690 --> 00:19:56.700 align:start position:0% 00:19:56.700 --> 00:19:58.970 align:start position:0% so<00:19:57.299> web3<00:19:57.780> social 00:19:58.970 --> 00:19:58.980 align:start position:0% so web3 social 00:19:58.980 --> 00:20:02.090 align:start position:0% so web3 social um<00:19:59.039> it<00:19:59.520> unlocks<00:19:59.940> the<00:20:00.120> power<00:20:00.299> of<00:20:00.720> creativity 00:20:02.090 --> 00:20:02.100 align:start position:0% um it unlocks the power of creativity 00:20:02.100 --> 00:20:04.970 align:start position:0% um it unlocks the power of creativity connections<00:20:03.260> and<00:20:04.260> it<00:20:04.380> brings<00:20:04.620> more 00:20:04.970 --> 00:20:04.980 align:start position:0% connections and it brings more 00:20:04.980 --> 00:20:08.450 align:start position:0% connections and it brings more Innovation<00:20:05.820> so<00:20:06.480> what<00:20:06.660> we<00:20:06.840> did<00:20:07.020> with<00:20:07.460> financial 00:20:08.450 --> 00:20:08.460 align:start position:0% Innovation so what we did with financial 00:20:08.460 --> 00:20:10.970 align:start position:0% Innovation so what we did with financial applications<00:20:09.179> we<00:20:09.960> can<00:20:10.080> actually<00:20:10.260> do<00:20:10.559> the<00:20:10.799> same 00:20:10.970 --> 00:20:10.980 align:start position:0% applications we can actually do the same 00:20:10.980 --> 00:20:14.330 align:start position:0% applications we can actually do the same for<00:20:11.520> non-financial<00:20:12.419> applications<00:20:13.039> and<00:20:14.039> the 00:20:14.330 --> 00:20:14.340 align:start position:0% for non-financial applications and the 00:20:14.340 --> 00:20:17.450 align:start position:0% for non-financial applications and the reason<00:20:14.520> why<00:20:15.179> it's<00:20:15.299> important<00:20:15.780> for<00:20:16.200> us<00:20:16.320> is<00:20:17.160> that 00:20:17.450 --> 00:20:17.460 align:start position:0% reason why it's important for us is that 00:20:17.460 --> 00:20:19.549 align:start position:0% reason why it's important for us is that this<00:20:17.880> is<00:20:18.059> this<00:20:18.480> is<00:20:18.600> the<00:20:18.780> path<00:20:18.960> how<00:20:19.320> we<00:20:19.440> can 00:20:19.549 --> 00:20:19.559 align:start position:0% this is this is the path how we can 00:20:19.559 --> 00:20:22.070 align:start position:0% this is this is the path how we can bring<00:20:19.860> more<00:20:20.280> users<00:20:20.640> into<00:20:20.880> the<00:20:21.059> space 00:20:22.070 --> 00:20:22.080 align:start position:0% bring more users into the space 00:20:22.080 --> 00:20:23.990 align:start position:0% bring more users into the space it<00:20:22.620> means<00:20:22.919> that 00:20:23.990 --> 00:20:24.000 align:start position:0% it means that 00:20:24.000 --> 00:20:25.730 align:start position:0% it means that um people<00:20:24.360> who<00:20:24.720> don't<00:20:24.840> necessarily<00:20:25.380> have 00:20:25.730 --> 00:20:25.740 align:start position:0% um people who don't necessarily have 00:20:25.740 --> 00:20:29.690 align:start position:0% um people who don't necessarily have that<00:20:26.520> Financial<00:20:27.059> Capital<00:20:27.539> but<00:20:28.380> they're<00:20:28.860> rich 00:20:29.690 --> 00:20:29.700 align:start position:0% that Financial Capital but they're rich 00:20:29.700 --> 00:20:32.029 align:start position:0% that Financial Capital but they're rich on<00:20:30.059> Social<00:20:30.419> Capital<00:20:30.780> can<00:20:31.500> actually<00:20:31.740> have 00:20:32.029 --> 00:20:32.039 align:start position:0% on Social Capital can actually have 00:20:32.039 --> 00:20:34.730 align:start position:0% on Social Capital can actually have their<00:20:32.280> ownership<00:20:32.640> of<00:20:33.000> that<00:20:33.240> and<00:20:34.140> enter<00:20:34.440> into 00:20:34.730 --> 00:20:34.740 align:start position:0% their ownership of that and enter into 00:20:34.740 --> 00:20:36.710 align:start position:0% their ownership of that and enter into the<00:20:34.980> space<00:20:35.160> and<00:20:35.880> use<00:20:36.059> non-financial 00:20:36.710 --> 00:20:36.720 align:start position:0% the space and use non-financial 00:20:36.720 --> 00:20:40.250 align:start position:0% the space and use non-financial applications<00:20:37.400> and<00:20:38.400> also<00:20:38.700> generate<00:20:39.539> value<00:20:39.840> for 00:20:40.250 --> 00:20:40.260 align:start position:0% applications and also generate value for 00:20:40.260 --> 00:20:43.490 align:start position:0% applications and also generate value for them<00:20:40.820> and<00:20:41.820> what's<00:20:42.000> interesting<00:20:42.360> about<00:20:42.600> social 00:20:43.490 --> 00:20:43.500 align:start position:0% them and what's interesting about social 00:20:43.500 --> 00:20:46.370 align:start position:0% them and what's interesting about social capital<00:20:43.940> compared<00:20:44.940> to<00:20:45.120> financial<00:20:45.419> capital<00:20:45.900> is 00:20:46.370 --> 00:20:46.380 align:start position:0% capital compared to financial capital is 00:20:46.380 --> 00:20:47.150 align:start position:0% capital compared to financial capital is that 00:20:47.150 --> 00:20:47.160 align:start position:0% that 00:20:47.160 --> 00:20:49.010 align:start position:0% that Financial<00:20:47.700> Capital<00:20:48.059> you<00:20:48.419> can<00:20:48.539> spend<00:20:48.780> but 00:20:49.010 --> 00:20:49.020 align:start position:0% Financial Capital you can spend but 00:20:49.020 --> 00:20:50.630 align:start position:0% Financial Capital you can spend but social<00:20:49.200> capital<00:20:49.500> is<00:20:49.860> something<00:20:50.039> that<00:20:50.340> you<00:20:50.460> can 00:20:50.630 --> 00:20:50.640 align:start position:0% social capital is something that you can 00:20:50.640 --> 00:20:53.570 align:start position:0% social capital is something that you can carry<00:20:51.059> through<00:20:51.780> your<00:20:52.020> whole<00:20:52.260> life 00:20:53.570 --> 00:20:53.580 align:start position:0% carry through your whole life 00:20:53.580 --> 00:20:55.669 align:start position:0% carry through your whole life and<00:20:54.000> this<00:20:54.179> is<00:20:54.240> why<00:20:54.480> we<00:20:54.720> need<00:20:54.900> actually<00:20:55.320> people 00:20:55.669 --> 00:20:55.679 align:start position:0% and this is why we need actually people 00:20:55.679 --> 00:20:57.049 align:start position:0% and this is why we need actually people to<00:20:56.039> come 00:20:57.049 --> 00:20:57.059 align:start position:0% to come 00:20:57.059 --> 00:20:59.630 align:start position:0% to come uh<00:20:57.660> to<00:20:57.840> the<00:20:57.960> web<00:20:58.080> tree<00:20:58.320> space<00:20:58.620> to<00:20:59.280> also 00:20:59.630 --> 00:20:59.640 align:start position:0% uh to the web tree space to also 00:20:59.640 --> 00:21:02.090 align:start position:0% uh to the web tree space to also non-financial<00:21:00.440> applications<00:21:01.440> and<00:21:01.919> building 00:21:02.090 --> 00:21:02.100 align:start position:0% non-financial applications and building 00:21:02.100 --> 00:21:06.529 align:start position:0% non-financial applications and building more<00:21:02.520> uh<00:21:03.299> utility 00:21:06.529 --> 00:21:06.539 align:start position:0% 00:21:06.539 --> 00:21:09.890 align:start position:0% so<00:21:07.080> one<00:21:07.799> big<00:21:07.980> question<00:21:08.220> for<00:21:08.520> us<00:21:08.580> is<00:21:08.820> that 00:21:09.890 --> 00:21:09.900 align:start position:0% so one big question for us is that 00:21:09.900 --> 00:21:12.350 align:start position:0% so one big question for us is that um who<00:21:10.440> will<00:21:10.620> build<00:21:10.919> this<00:21:11.400> new<00:21:11.760> generation 00:21:12.350 --> 00:21:12.360 align:start position:0% um who will build this new generation 00:21:12.360 --> 00:21:14.870 align:start position:0% um who will build this new generation social<00:21:13.140> media<00:21:13.559> applications 00:21:14.870 --> 00:21:14.880 align:start position:0% social media applications 00:21:14.880 --> 00:21:18.049 align:start position:0% social media applications and<00:21:15.660> we<00:21:15.960> have<00:21:16.140> a<00:21:16.320> perfect<00:21:16.559> answer<00:21:17.520> for<00:21:17.820> this 00:21:18.049 --> 00:21:18.059 align:start position:0% and we have a perfect answer for this 00:21:18.059 --> 00:21:18.830 align:start position:0% and we have a perfect answer for this one 00:21:18.830 --> 00:21:18.840 align:start position:0% one 00:21:18.840 --> 00:21:20.810 align:start position:0% one it's<00:21:19.500> you 00:21:20.810 --> 00:21:20.820 align:start position:0% it's you 00:21:20.820 --> 00:21:23.029 align:start position:0% it's you since<00:21:21.419> you<00:21:21.600> are<00:21:21.780> here<00:21:21.960> at<00:21:22.080> Devcon<00:21:22.500> and<00:21:22.740> it's<00:21:22.860> a 00:21:23.029 --> 00:21:23.039 align:start position:0% since you are here at Devcon and it's a 00:21:23.039 --> 00:21:25.130 align:start position:0% since you are here at Devcon and it's a developer<00:21:23.460> conference<00:21:24.179> I'm<00:21:24.780> pretty<00:21:24.960> sure 00:21:25.130 --> 00:21:25.140 align:start position:0% developer conference I'm pretty sure 00:21:25.140 --> 00:21:27.409 align:start position:0% developer conference I'm pretty sure that<00:21:25.500> there<00:21:25.740> are<00:21:25.860> people<00:21:26.039> here<00:21:26.400> that<00:21:27.120> can<00:21:27.240> take 00:21:27.409 --> 00:21:27.419 align:start position:0% that there are people here that can take 00:21:27.419 --> 00:21:29.870 align:start position:0% that there are people here that can take the<00:21:27.600> opportunity<00:21:28.080> and<00:21:28.919> build<00:21:29.159> some<00:21:29.580> very 00:21:29.870 --> 00:21:29.880 align:start position:0% the opportunity and build some very 00:21:29.880 --> 00:21:32.049 align:start position:0% the opportunity and build some very interesting<00:21:30.240> applications<00:21:30.900> and<00:21:31.380> use<00:21:31.620> cases 00:21:32.049 --> 00:21:32.059 align:start position:0% interesting applications and use cases 00:21:32.059 --> 00:21:34.310 align:start position:0% interesting applications and use cases and<00:21:33.059> Empower 00:21:34.310 --> 00:21:34.320 align:start position:0% and Empower 00:21:34.320 --> 00:21:36.529 align:start position:0% and Empower um<00:21:34.380> the<00:21:34.679> users<00:21:35.039> and<00:21:35.580> empower<00:21:35.880> the<00:21:36.179> the<00:21:36.360> the 00:21:36.529 --> 00:21:36.539 align:start position:0% um the users and empower the the the 00:21:36.539 --> 00:21:40.490 align:start position:0% um the users and empower the the the creators<00:21:37.580> and<00:21:38.580> other<00:21:38.760> developers<00:21:39.539> and<00:21:40.320> even 00:21:40.490 --> 00:21:40.500 align:start position:0% creators and other developers and even 00:21:40.500 --> 00:21:42.830 align:start position:0% creators and other developers and even create<00:21:40.799> social<00:21:41.460> media<00:21:41.940> applications<00:21:42.360> that 00:21:42.830 --> 00:21:42.840 align:start position:0% create social media applications that 00:21:42.840 --> 00:21:46.130 align:start position:0% create social media applications that have<00:21:43.080> better<00:21:43.320> values<00:21:44.059> transparency<00:21:45.059> and<00:21:46.020> are 00:21:46.130 --> 00:21:46.140 align:start position:0% have better values transparency and are 00:21:46.140 --> 00:21:49.130 align:start position:0% have better values transparency and are aligned<00:21:46.679> with<00:21:46.980> with<00:21:47.280> different<00:21:47.580> user<00:21:48.419> bases 00:21:49.130 --> 00:21:49.140 align:start position:0% aligned with with different user bases 00:21:49.140 --> 00:21:51.770 align:start position:0% aligned with with different user bases as<00:21:49.500> well 00:21:51.770 --> 00:21:51.780 align:start position:0% 00:21:51.780 --> 00:21:55.250 align:start position:0% last<00:21:52.500> thing<00:21:52.679> is<00:21:53.039> that<00:21:53.400> if<00:21:54.179> you<00:21:54.299> don't<00:21:54.419> have<00:21:54.780> a 00:21:55.250 --> 00:21:55.260 align:start position:0% last thing is that if you don't have a 00:21:55.260 --> 00:21:57.770 align:start position:0% last thing is that if you don't have a lens<00:21:55.500> profile<00:21:55.980> yet<00:21:56.220> you<00:21:56.760> can<00:21:56.880> scan<00:21:57.179> this<00:21:57.360> QR 00:21:57.770 --> 00:21:57.780 align:start position:0% lens profile yet you can scan this QR 00:21:57.780 --> 00:21:58.690 align:start position:0% lens profile yet you can scan this QR code 00:21:58.690 --> 00:21:58.700 align:start position:0% code 00:21:58.700 --> 00:22:01.250 align:start position:0% code and<00:21:59.700> later<00:21:59.880> you<00:22:00.120> can<00:22:00.240> claim<00:22:00.480> a<00:22:00.659> lens<00:22:00.840> profile 00:22:01.250 --> 00:22:01.260 align:start position:0% and later you can claim a lens profile 00:22:01.260 --> 00:22:04.070 align:start position:0% and later you can claim a lens profile and<00:22:02.039> you<00:22:02.220> can<00:22:02.340> actually<00:22:02.580> test<00:22:03.059> drive<00:22:03.360> web3 00:22:04.070 --> 00:22:04.080 align:start position:0% and you can actually test drive web3 00:22:04.080 --> 00:22:05.750 align:start position:0% and you can actually test drive web3 social 00:22:05.750 --> 00:22:05.760 align:start position:0% social 00:22:05.760 --> 00:22:07.130 align:start position:0% social um<00:22:05.820> as<00:22:06.299> well 00:22:07.130 --> 00:22:07.140 align:start position:0% um as well 00:22:07.140 --> 00:22:08.790 align:start position:0% um as well thank<00:22:07.620> you<00:22:07.740> everyone 00:22:08.790 --> 00:22:08.800 align:start position:0% thank you everyone 00:22:08.800 --> 00:22:13.880 align:start position:0% thank you everyone [Applause]