CRYPTO SYZYGY : AMA Session With NFT3
AMA On Thursday, December 30th At 02:00 PM UTC
For those who are new to this channel, CRYPTO SYZYGY is a community which is committed to provide Premium crypto signals, News and Analysis, Listing information, and Breakout alerts with high accuracy and Best technical analysis tools and Assistance to our people.
We were so pleased to host our Telegram AMA session with NFT3 where we gave you the chance to ask the team anything you liked. And you certainly delivered!
Summary of the AMA
- Host Round
- Twitter Questions
- Community Round
CryptoKing : Welcome Dylan
Dylan : Hey all! excellent to be here!
CryptoKing : Alright, So how about giving your brief to the community. Your experience, your journey in the Crypto space? Would love to know about it😊.
Dylan : Yeah by all means — I got into crypto, in earnest, in late 2011 — waas just very attracted to the idea of a monetary system outside of state-controlled monetary systems.
It sort of flowered into an interest in blockchain technology in general as bitcoin evolved into a host of other things than just bitcoin in the early days — I was instantly attracted to other extensible use cases of the technology.
CryptoKing : Ooooh you were pretty early though. 2011 awesome!
Dylan : So I was very open to the message of ethereum — even though many were not in 2014 ,there were about 9000 of us or so that participated in the ethereum genesis event, I was a holder of ethereum for a very long time and that in part helped me have the flexibility to build in the space as well as introducing myself to people like anthiny di iorio (co-founder of ethereum) in very early days. I still remember using a lunch break from my desk job to go meet him lol.
Anyway, I just got progressively more and more involved, and started getting into polkadot by 2019 after doing a few things.
CryptoKing : Great! that was quite an interesting entry into this space.
Cool, Can you just briefly describe what is NFT3, quite a unique name though, infact some of us were mentioning if it is like a blend of NFT and Web3😄Enlighten us please!
Dylan : I love that you said that re: the name, a little bit of backstory on that — we were orginally thinking of “iNFT”, but the .com domain they wanted 3–400k for it.
It ended up working out well in the long run, bc NFT3 I think makes more sense anyway — especially with ideas about web3 and metaverse. nft3.com was still expensive btw, and the sale made domain headlines lol.
The basic essence of NFT3 is the idea of anonymous reputation as a basis for individual identity within a web3 world. and to some extent a sincere attempt to help solve a fundamental and long-standing problem in comp sci and the internet, which is “how do we know the difference between bot and human?”
What NFT3 means for individuals is that you will now have this very effective way of accruing valuable information about yourself that you can use to your benefit. in the beginning, the limited application of NFT3 will be a way to validate airdrops — ie projects at this point have no idea really if they are airdropping to bot-generated wallet addresses, or real users and potential community members.
We also operate from the basic thesis that the oly way to unify an individual’s experience is via the individual (in this case a decentralized identity), you cannot do it platform by platform.
Crypto King : Awesome that was quite informative! Ok this question is from community’s perspective. We have had people in past joining some of the great projects so asking you upfront😄.
How big is your team and where are you guys headquartered? Also, if someone wants to apply for an open role at NFT3 what’s the process?
Dylan : Our core team is small: including devs, we are 8 rn. including our advisory group, we are 17. The main hubs for NFT3 are Toronto and Singapore, but we are really quite spread out.
Our notable angels and advisors include: Notable Angels, Advisors and Founders include: Yat Siu (Chairman of the Board and Founder of Animoca Brands), Tekin Salimi (GP of Polychain), Ryan Fang (Founder of ANKR), Meltem Demirors (CSO of Coinshares), Yida Gao (Shima Capital Founder and MIT Faculty, Crypto Finance), Evin McMullen (Founder and Lead at Serto, ConsenSys), Ben Lakoff (Co-Founder of Charged Particles), Jesse Liu (Previous Head of Marketing for Ontology), Charles Read (GP and Founder of Rarestone), Jesse Grushack (Co-Creator of Ethereal Summit and Co-Founder of Ujo), Keegan Selby (Co-Founder of 4RC), Eric Clark Su (Founder and CEO of ExNetwork).
Crypto King : Awesome! I can see some big names there. One more question then we move on to the #Twitter round.
Would there be any IDO or there will be a direct launch on exchanges? If you plan to do an IDO, may we know what all launchpads NFT3 would be coming on?
Dylan : Not sure yet — we are trying to get the largest exchange involved rn — if they get involved, it would probably be on there — I think they do need to have an answer to what coinbase is up to with
If they don’t come on, though, we will proceed with an IDO.
Crypto King : This is gonna be huge if it happens.🤘
Dylan : I would not want to sacrifice the basic vision of successive invite-only sales though — bc i think it could be really cool
TGE would be public sale 1. Thus, the token would be trading on open market and reserve pricing would apply if you have an invite to successive sale.
Crypto King : Got it. I like the community voting part. Not all of ’em go through this. Pretty awesome! Quite a unique tokenomics.
Okhayy! Cool so would you be picking the best 5 from Twitter. You can choose one by one :)
Dylan : oh, ok — sure
Twitter Q & A Round
Q1. Could you please tell us about the milestone achieved and future roadmap? How to earn in NFT3 gaming?
Dylan : Ok, So this is something I am excited about tbh — the idea is that yoru NFT3 account is essentially the repository of your decentralized identity via your DID. and I think the possibility of moving between metaversal contexts while retaining — and accruing value — will be a reality.
Q2. All project coins have their main Utilities & real-life usecase! So, Can you tell us what are the main role of #NFT3 NFT in your ecosystem? Explain it’s Utilities ?
Dylan : Sure! The first thing we will focus on is validated airdropping. you will have access to airdrops from all of our partners who want to airdrop to real people. and not only that, but they will have some further insight — there’s a ton of value in understanding if you, say, have a crypto punk, the isme token allows access essentially, and it will need to be staked with your account to receive benefits (airdrops etc) — it is also burned/used for certain actions, like the creation of DIDs, etc. after we execute on the airdrop use case, we will focus likely on dex and dao integrations, so ISME could potentially operate like a BNB for all dexes.
Q3. Currently a lot of people are looking at NFTs, metaverse, and games. Can you expain me what advantages will you have in this field future? And will be go to moon speedly.
Dylan : We have the advantage of being very focused on how an individual’s experience is unified across the nebulae of metaversal contexts.
Q4. Can we imagine use of AI in your projects in comming days whats your view on this? Will #NFT3 will be #VR Compatible?
Dylan : I think it might be neat to consider if we can deploy DIDs to other entities — these could be AIs — but I think we need to be very human-centric overall for NFT3.
Q5.For project development, the main priority is to have sufficient funds. Is your team financially able to carry out? Do you have sufficient funds for development? or how will raise fund?
Dylan : YES! we have just finished our raise! we are good for 2.5 years or so, even in a bear market ultra crypto nuclear winter.
Crypto King: We are done with the Twitter round. Hope you aren’t tired typing Dylan. Let us open for Q&A from community.
Be ready fam!
Dylan : All good
Telegram Q & A Round
Q1. Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is your project also like this? If not can u tell us, What makes your project different from other projects?
Dylan : I think the main focus is just to get something really simple done first using this tech — for us that means the validated airdropping use case.
Q2. Can you please explain what are the advantages of using your Platform and is it friendly for beginners like me?
Dylan : Our hope is that it’s as easy as using any other web2 platform.
Q3. What is your strongest advantage that you think will make your team leading the market?
Dylan : I think our focus on productizing DID technology.
Q4. Current NFT is a hot topic, but are NFT not just for art. Does your project think that more real world use cases will emerge for NFTs as time goes on, why should we take NFTs seriously?
Dylan : Totally! Indeed we are wrapping your nt-NFT in a DID.
Q5. Do you have any plans to attract non-crypto investors to join your project? Because the success of a project attracts more investors who haven’t yet entered the crypto world. What are the plans to raise awareness about your project in the non-crypto space.
Dylan : Yes, it’s a central aim — we want to be one of the main tools for anyone having a web3 /metaversal experience.
Introducing NFT3: The Passport for Web 3.0
The First Unified Decentralized Identity and Credit Network for Web 3.0
Crypto King: Awesome! If you wish to drop yout social media channels fee free to do so Dylan.
Dylan : By all means!
Crypto King: It was indeed great to have you here discussing NFT3. Thank you so much for coming Dylan.