Last week we spoke about how smart contracts computation law and decentralized arbitration is revolutionising really simple individual arrangements. Before that, with Alex Hamburg and a few others, we tackled how dominant insurance contracts are revolutionising more complex, multi way group arrangements. And today we discuss how smart contracts can we event, the more the default organizations that we usually interact through. After all, they're also just made of contracts. And so we I'm super, super excited to talk about Dallas today. This is the Dow section in the book, I'll share it again here in the chat. But I think, you know, in terms of like the pain points that we have, I think currently, many of you who started companies or other types of organizations know that when starting any new project, you know, you have a ton of laws that constrain you, and really a small set of more menu to choose from, including a classic for profit, nonprofit, and then a few choices in between. But that's really about it. All of these options are kind of confusing, even though there's there aren't even that many, they solidified in a world that was very, very different to our current world of before the world wide web. And they're often different in different states. And there was a ton of legal compromise that went into this. So they're really not not very optimal. And so thanks to smart contracting, people are now really gaining the ability to escape these fixed menus, and to design better arrangements that are purposed for their particular aim, and to engage Most importantly, in lots of experiments, right, they're still in the experimental phase. One really interesting experiment, an abler, here is the decentralized autonomous organization, which we turn to today. And that's really a network made of entity with no associated central management and its own asset pool. And smart contracts really make the decisions here of how different stakeholders cooperate with each other. In principle, they're very, very resistant to, to interruption and quite immutable. And also, because the blockchain is huge one with international nodes, they're very, very resistant to external disruptions. Of course, I think the Dow example that still many of us know best is the failed one instantiation of the Dow, which was a venture capital fund, which came to an unlikely timely end, when a user discovered a bug, and seven, a lot of money out of the organization, which led to a hard fork, we'll deal with the legitimacy of the hard fork and everything in future chapters, and in future meetings. But for now, it's really important to know that this box was in the application, it wasn't in the underlying code. So in principle, these decentralized organizations should really, really be pretty sturdy, if well designed. And so today, we're super excited to have five really fantastic experiments that are rapidly exploring the space. I think dolls are particularly getting interested in all kinds of different governmental arrangements and experiments. And we have selected five to show to you today. So we have five quick presentations, and then we move to an open discussion. And so thank you all for making time, I couldn't hope for a better I think set of people with quite a variety of different dials. And but enough for me, and I'm super, super excited. For the first one. Matan, if you're on here, you're the first one here on my list to present. If you're ready, then I would love for you to, to make a start with presenting on Dell stack. And I will share more info about you in the chat and super excited that you're able to join. You're more like an ecosystem generator, really. And you're joining now for the second time. And so I think it's setting app up nicely to talk about individual Dao experiments after hearing about your Dao generator. Thanks, mate.
Yeah, thanks. Thanks, Alison. Glad to be here. Please let me know if the internet is stable if you can hear me because I just got a new provider if it's not moved to another room, so please let like just raise your hand if you can hear me or anything. Okay, great. All right. So let me share screen Yeah. So firstly, just to say I tried to wrap it up in five minutes but probably won't cover everything. There's a lot to say. And you know, just go very brief on everything. That one sentence about myself I've been doing Theoretical Physics for for a bit over a decade and the past seven years I quit the academy and focused full time on launching dow platforms and dow stock was was founded four years ago. So what you can find all right the market alchemy actually let me let me do different sharing I can share the my desktop and then I can move between window. It doesn't let me share the desktop okay. So let me let me then let me then show you something else. Okay. So although this
structure is very bold made, yeah.
Just not that I'm not finding the actual a window that I want to share somehow. Okay, it is. Okay. So this is alchemy. I'll show you like one minute about alchemy. alchemy is the oldest Dao platform, I think you can find it's three years old. And you can find a few 1000. We are not developing any further, but it's actually quite cool. Here, for example, you can see that this is a real doubt, this is the Dow, who's made it, which is managing between 50 to $100 million in Treasury, fully unchained fully on smart contracts of alchemy. This is the hot wallet of the Dow, the x dx dow, which running daily payment to a software employees of the Dow. And this is an example of a proposal where an employee is asking for payment from a formidable entity. So it's not a launch in any jurisdiction. It's fully on chain entity, ah, managing between 50 and $100 million. And just showing you what is like the maybe the biggest doubt we can find fully on chain right now. But it's a very old platform. So I want to dig into it, I'll try to dig into more a newer version of what we're doing right now. So for that, I'll stop sharing and share now another screen. Yeah. So what you could find on alchemy, you can find it's fully on aetherium smart contracts. It's pretty sophisticated. Actually, it has also pretty sophisticated a governance system. It can do anything on the blockchain, but it's quite crappy. It's very old. It's not friendly to use. It's not something you would expect as a regular user. And you can actually find a real managing will 1500 million dollar Treasury on smart contracts fully decentralized. Okay, what is common about so common is a new version that we have developed, we have been developing for the for the last year. The idea here is to be much, much more a targeted to mainstream, enabling the coordination and collaboration of 1000s. And then millions around any joint interest purpose of project. And you may ask, What do you mean by any, so you can imagine 1000s of people collaborating to build a decentralized business, you can imagine many 1000s running an urban community, collaborative, big scale, large scale cooperation to solve climate, maybe millions of people coordinating to escape Facebook, or even running a virtual state. So let me show you very quickly, I'll show you a demo of that. I need to ask Allison in class ask you to accept my my mobile. Because right now it's fully, it's fully mobile. Thank you. So do a very, very quick demo of common again, I won't get into too much details, because it's what they can do in five minutes. Oh, you can hold sharing? Can you do hold sharing? Can you give me my other account? Yeah, thank you. So for some reason, he doesn't let me do. He doesn't let me do screen sharing. Okay, so I won't be able. Okay, I can't do screen sharing for some reasons. So let me I won't do that. Then. You can download common dots. If you just go to, if you just go to common.io you'll just find it. And you can download the app, you can play with it. What would you find? If you did so you'd find simple downloads, you can launch it down just as easy it would be to launch a Facebook group, you can make a basic rule set up people can join as members of the dow by putting a placing a minimal contribution. So when you open it down, you set up what is the minimum contribution, it can be a one time calibration like 2020 bucks, it can be a monthly recurring payment, save $10 a month. And then of course doc can also should also approve you to become member. Once you're a member, you can participate in moderating discussions. You can make a proposal to the Dow to allocate funds to projects and actions, then the Dow would let members vote on those proposals and make a majority decision. You find integration of credit cards and bank accounts individually. Even right now the pilot is in Israel, but you will find a fully trustee based legal framework.
So quite quite advanced framework legal framework. And the current version is actually not running on the blockchain. And the reason for that is because we found that we the previous version ran on the blockchain in the next versions will run on blockchain. But right now still running on the actual blockchain slows down quite a bit, the application when you really want to turn to the mainstream and be mobile native and all that. So right now we are progressing on the backend to allow both perfect UX and being on the blockchain. When you when you say the blockchain which blockchain, right, so alchemy that you've seen is on the etherium main net, it's actually if you have any, any aetherium compatible or AVM compatible, blockchain, you'd find some vowels running on aetherium main net, and you'll find some vowels running on x dy, if you're familiar with that, and the previous version of common was running on x day, as well. But even on x day, even with x dy, it was too not not good enough UX to be suitable for the mainstream. Okay, so what if if you play that I really believe that I can show you that. But if you did play with that, you'll find all the things that you mentioned, what you wouldn't find, and you should expect later this year. And I think with that, you could also connect to more of those purposes that I've mentioned over here. So firstly, we'll start seeing many more different decision making processes and find the location processes. For example, just to example, you'll find multiple choice comparison between the proposals and more sophisticated budget management processes. It will actually be on the blockchain, but it will be in a way which will be scalable, it will be cheap, it will be friendly to us. And that's of course, if you're familiar with the details, that's that's relying or either on moving to a different blockchain, but we also want to keep it very decentralized. And we like aetherium because of that. So either moving to the blockchain, or relying on a layer two solution. That's right now what we're working on, we're actually working on our own layer two solution, which is specifically suited for those. We you'll find this is all what you already find in alchemy, you'd find sensible decision in very large number of voters. If you think about this, this is one of the biggest problems for those. This majority decision makes sense when you have 50 people or 100 people, but majority majority decision doesn't make any sense if you have crowds of 1000 people, which make those 2000 proposal because most people will not even consider or even see most of the proposals. And then the question how a very little attention makes sensible decision, which is also resonating with the majority of the doubt. So we've invented a protocol for that it's called holographic consensus. And this will be also cooperated. In next versions, you'd find more exotic joining rules, for example, could take conditional pledging, like Kickstarter, imagine a common which is aimed to escape millions of people escaping Facebook, you can pledge a few $100 saying I'm going to escape Facebook, if we reach, let's say 1 million or 10 million members of this Come on, and you're not risking anything if we're not reaching the destination. But if we do reach the station, let's say 10 million people pledging 100 or two stake, Facebook, what you reach with that, once you once you reach the minimum a target, you reach a 1 million escapers together with a billion sorry, 10 million escapers together with a billion dollar budget to just purchase another social media platform or building one to be owned by the users just an example of what coordination of a million people or 10 million people would allow you to do. Thank you. Awesome. Yeah. Okay, let's end here.
Thank you. Thank you. I should come check it out and try it out. And we'll get to that in the discussion as well. And I shared your previous boss talk as well. And next example up we have to do Brooks, because he is a foresight fellow. And he will be presenting on chain and their governance protocol. And we have to see, I think you should be close already. Let me know if you're ready. Okay,
Hey, can you guys hear me? Yes. Okay, awesome. Um, so I whipped up a few slides for everybody. I'm going to share my screen. And here we go. Alright, you guys can see my screen, right. Perfect. Okay. Um, so these are plans that we actually intend to implement. This has sort of the idea that we need to figure out what our dowel structure is. And you'll see it's a relatively novel data structure became pretty obvious as we thought about long term commitment to the protocol, both in terms of say interest, and, you know, like moving beyond the standard dex framework, by the way, 16 is a decentralized exchange framework for those who are unaware. Did you watch? Did you want to go into present mode? No. Okay. Good question, but no, I want to read my notes. And I only have one screen available right now. So the first module is the cultivation and maintenance of wealth generation regeneration engines. So we have a dex right now that has features like margin options and so forth. And as you can see from this table here, that is enough, in some cases to give you competitive, you know, wealth with like certain nations. So uniswap has 16 billion, which is more than the country to the right, I can't remember these countries like names, then Bitcoin collectively has more than I think some other country can't remember the names of these countries. But the point is like, just by building a blockchain, you can actually get a nation state level wealth. And not only that, but just by building a dex you can get nation state level wealth. So like, our first goal is to hit this and I think a lot of other indexes are trying to do the same. Another project I worked on Thor chain is like about an escape velocity for this, but not quite there yet. But my point is, it's relatively straightforward to do in comparison to everything else I'm going to describe. The second module is to have the customer base, the users become a community slash society in which blockchain addresses are the primary identifier replacing social security numbers and the growth of system income, meaning like income on the chain is the primary goal. So if you are driving income, like you're trading a lot, you're staking a lot, you're pooling a lot, then we can care about that a lot. And we can measure that from your activity on chain. We also would want to get people to link their addresses to web two accounts, like Twitter and Facebook. Module Three is making sure that there are a lot of councils in the doubt that achieve specific goals. Open source coding standards is one and we want to take cues from like large open source institutions. Being a comment, as I mentioned, the principles for comments here for just managing your community resources on chain UBI, which I think is really important, which effectively justifies treating this group as a state not just an economy, because we have a major social welfare component, public funding of research, I think there are a lot of great features initiatives like life extension, and so on, then the Dow could fund as well in specific councils, and then a deep communications layer with other doubts syndicate Gao carmit out there hundreds of dollars at this point that are pretty influential, and we want our dow to have like, say, ambassadorships to other Dallas. Then for module four, we want a needs and gives layer for those of you who are unaware of needs and give us is a specific action in which you get a group of people in a community to write their needs on a post it note and then place the post it note on a wall, and then the community members read that wall. And if they think they can help someone with their need, they offer a gift, which is to say they grabbed the poster, no, say hey, I can help you with this. And then they coordinate. So this is like a barter economy where for goods and services. And now you can earn reputation as opposed to just earning
wealth. Then module five is to collect detailed feedback on user goals on like all the key topics above plus more, we can imagine asking 1000s of different questions and deep surveys, which you can answer directly or as time comes, then module. Maybe its numbers are off, but module which should be six is that we introduced self binding commitments to help people achieve the goals that I mentioned for module five. Module seven is that people selectively share the answers from their needs and gifts list to community members so that you end up having a situation where people can help you reach your goals. We want to entice you know, performance coaches, psychologists and so on to help people achieve difficult goals. So this is all about building a layer of social trust and social benefit towards arbitrary goals on top of a wealth generation layer. Module eight is about creating fantasy archetypes or classes that can be achieved based on the goals that you've met from module five. So like Bard, maids or warrior, and then we want to have semi personalized storylines generated by paid narrative creators, or semi personalized digital assets created by paid artists. So you can end up basically living in your own game and this game would be paid for with like your crypto wealth. There is a module nine that I have here, but I don't have time to explain it. Suffice it to say Sif, here is the branding for a sip chain. And now you have a little bit more of an understanding as to why.
Oh, very nice, succinct, totally on time. Lots of information there. Thank you just here. Could you please share your slides if you're okay with that with people in the group and say informaiton? If any of the documents that I mentioned about you are not in the chat yet, then please share them. Thank you. Wow, meant so much impact. Okay, I can't wait for the panel already. And we're only two people in. Okay, next up, we have Patrick Joyce. Patrick, are you on here? And if so, do you want to unmute yourself.
So my name is Patrick. I'm the Chief Scientific Officer of research hub, which is a Reddit style forum where academics can share research outputs anyone can curate and then there's a public discussion section. The idea of Research Help is to try and change the incentive structure of academics. In order to encourage behaviors that actually make the world an easier place to serve research within. I have some slides here, I guess, let me share my screen and I can show the application first. So here's our homepage. The idea is, academic posts are automatically curated based on social media data. So like Twitter, for example. And then authors can come and claim their papers. And you can have a discussion specifically with the author of the scientific paper. The idea here is that we'd like to change the incentive structure of science. Is anyone here familiar with good arts law, who heard this concept before? The idea is when a measure becomes a target, it ceases to be a good measure. So when you're trying to judge the quality of something and you assign like a metric to it, oftentimes people are incentivized to simply maximize the metric rather than maximize the behavior that's trying to be measured in the first place. This is a huge deal in academia, because it's really hard to try and decide what good quality research is. And there's a whole lot of money that goes into distributing funding to different researchers. Currently, what happens is funders use something called bibliometrics, which is basically like a citation based metric in order to distribute funding. So the concept here is if a researcher before it's published a lot has a lot of citations, they'll probably be a safe investment for the next research grant. The issue is that this causes researchers to actually maximize their bibliometrics rather than create good science. So this causes something like the replication crisis, we're oftentimes papers, their findings are overstated, and then I'm unable to be replicated. It also creates a job market where there's something like 1% of first year PhD students in the United States end up finding research professorships, and a large majority just end up leaving academia. So what we'd like to do with the research hub dow is create a governance structure where instead of having academics just be sort of like victim to this pre established incentive structure that's been around since like the 1600s. Use an ERC 20, token and representative democracy in a dow in order to allow holders of the tokens, ideally, academics to create their own reward structures. So maybe they think like collaborations is the best way to reward a scientist, or maybe it's how many citations you get 30 years down the road. Essentially, what we want to do with the research hooked out is create the ability for a dynamic incentive structure that changes over time, where we understand that we're creating a behavioral target. And we want to leverage good art slot in order to incentivize specific behaviors towards this target in the future, you can have like a moving target to try and incentivize whatever you want. So that's kind of like the overall goal. We actually have our first Dell boat coming up here in middle of June, where in order to have proper representation within our dow of academics, we're going to have an air gap. So anybody who's published an academic paper in the past can come to research hub, claim the tokens that are associated with their paper, and use those tokens to vote in a Dao in order to update the algorithm over time. That's, that's my presentation. If you have any questions, looking forward to it. Thanks for me.
Lovely, thank you so much. I would say we, we maybe bump the questions to when we have the panel discussion. And next up, we are moving to Tyler from meted out. Thank you so so, so much. And Tyler, are you here? I'm here. Thank you so much. I think this is a very nice segue from research op interview to though. We're getting perfect science in general as an ecosystem and tweeted out taking a very, very specific angle.
And can you guys see my screen? Okay. Yep. Perfect. So I'll just preface this with a couple of things. So I was vaccinated earlier this morning, and I'm struggling with a bit of like flu like symptoms, so just bear with me. Yeah, so I'm Tyler. I'm a biochemist by trade with a background in experimental therapeutics and biogerontology. A few years ago, I started to drink the crypto Kool Aid a bit. And started on a journey of really learning about decentralization, I co founded a company called molecule with Paul Koolhaas, who's also on the call that has a general mission of trying to decentralize and modularized drug development. And I'm also one of the CO initiators of petered out, which I'll be talking about today. And I just want to preface this quickly with we hosted a sort of a discussion ama with Aubrey de Grey and vitalik the other day and the topic had this really amazing bit of insight that I think speaks At least for me why I sort of got into the space, which is the biggest contribution of you know, crypto to the world is really providing this grounds for active experimentation, you have a lot of people experimenting in a really agile way. And that's the thing that makes me super excited about the space. So v2 Dao is is a dog that's really focused on funding research into human longevity. Its mission is to extend human health and lifespan by researching, financing, and commercializing longevity therapeutics in an open, accessible and democratic manner where really anyone can join the Dow the focus is really to attract researchers, postdocs, even enthusiasts, crypto G's that have a lot of experience in the ecosystem, understand governance structures, and try to bring people together around this common goal of really progressing high risk, high reward longevity, therapeutics development. So from an ecosystem perspective, there's a few really interesting components that make this possible. Essentially, members can join the dow by either contributing funding or also contributing work. So for example, laboratories could get stakes in this contract research organizations can get stakes in this by contributing preclinical development services or any sort of expertise. The Dow operates on a sort of unique, technical and legal claim framework that we've been developing at EDD molecule for some time, which is really this ability to attach intellectual property itself to NF T's, which actually allows us to hold real world assets on chain. And I think this is something that is going to have impact well beyond the actual use case for this doll, and hopefully, you know, in a lot of other doubts, and so the web three space in the future, basically, members can join, join the organization. They contribute funds, researchers can make proposals to the Dow submit projects will also do open calls at universities. And in exchange for the funding that they received. Researchers basically, or universities give the intellectual property ownership and the data that results from these projects to beat a doubt, which can then work to commercialize those assets in a sort of decentralized way they can out license it to third parties, such as pharmaceutical companies, or collaborators. And we're beginning to explore sort of the early days of actually monetizing some of these data sets on places like ocean marketplace, for example, which is still very early, but something that we're quite interested in, in the future. Again, just further into the economics, it's really, you know, there's this exchange of funding for intellectual property. And then the Dow works together to really figure out how this is commercialized, how it's licensed, how it might be co developed in the future. Why crypto and longevity. So I mean, I think these are both to not not necessarily iconoclastic, but to two areas that really are trying to challenge the status quo. In many ways, they both been dismissed by sort of the incumbents, if you will, Wall Street, and ah, Wellcome Trust government, this is changing in the space of both longevity and crypto. But, you know, I think these are both seen as really high risk areas, but where there's a ton of innovation happening. And and the goal here is really, let's align the most forward thinking economically with the most forward thinking scientifically to make the biggest impact. There's a lot of people who are willing to make, you know, bigger bets than maybe a government organization, a private Institute or a VC. And that's something that we're really, really excited about.
So what's unique about the structure vitta dow Well, as I mentioned, will own the intellectual property assets, the results from the projects that add funds, members can contribute work or funds to join me to doubt. And the goal will really be to write tickets to researchers in the range from 50k to about a million dollars. The focus is really on early stage high risk, high reward longevity projects that are focusing on actual therapeutics development. We're also obviously interested in things like diagnostics biomarkers, but the focus at the stage is sort of this preclinical stage therapeutics development, which is obviously in the context of longevity, you know, quite early aging is still not considered a disease. But this is something that's beginning to change. And we want to be able to support those projects for when those changes are made. And the other goal is really to deploy funding relatively quickly, so in two to three weeks, and also to build a large community of academics and researchers via a global incentive scheme that we've created. From a framework perspective, the Dalles loosely based on Maalik v3, and sort of with this focus on NF T's but in this case, instead of artworks This is really intellectual property. And again, molecule molecule has been pioneering this IP to NF t framework for the past two years. From a structural perspective, you have members, working groups and service providers, working groups cover all of the sort of different organizational components within the Dow. I think a lot of these are fairly standard within many vowels. But the most interesting for us is the longevity Working Group, which is really this sort of crowdsource peer review, due diligence and asset evaluation board that's being created. We've already been super impressed by the caliber of people we've managed to attract to this. A lot of professors, people who are maybe also a little bit earlier in their career, postdocs that are joining this sort of working group. They're going to help de risk, evaluate and help the community essentially make decisions on funding. So when proposals are actually made, the sort of recommendation of these, let's say, advisors, in a sense will be listed on proposals. But ultimately, the decision is up to the token holders in the community. And we're going to do this completely by a fair launch fair launch using a gnosis option. I am not sure if Morton wants to speak about it quickly. I know we're short on time. But Martin, do you do you want? You want to introduce the project? Super quick? And like one minute? Yeah, sure.
So I mean, I can read what's on the screen, which, honestly, we have access to a really, really large amount of prescription data linked to health. And by spending Denmark because Denmark is very good at registries. And we've identified a number of compounds that affect lifespan. So he was really born out of the idea that maybe some of you that are interested in this field have heard of our mid form and nearby lifestyle for aging. And so we had this amazing goldmine of data. And so we dug into that mind and found a number of compounds that are very promising. And the idea is to test these compounds, their ability to affect aging.
Thanks so much. Yeah. So Morton is the the researcher on the first project. Really excited to have him on board. These are just a few members of the team. There's about 20 members of the core team now. Yeah, and I'll wrap up with that. I don't want to go to overtime here. Thanks.
Fantastic. Thank you so much. I shared with you for everyone who is interested in more and more on Morton and more in the longevity aspect, a few links in here. Also, we have a longevity group going if someone is interested in really joining that. And which is partly scientists, partly investors also let me know. Anyway, we'll get to more of that in the discussion. But next one up, we have Esteban and Esteban is from decentraland. And I think requires no further introduction, what decentraland is, I'm still hoping that one day, we can do a force that after social on decentraland. And maybe we'll get to it. But for now we just hear about the governance and this funky town.
Right. Thanks, Alison. So yeah, my name is Stefan, I'm co founder at the central wanted to give you an overview of the project and specifically about how we use DHL to govern the most important aspects of this project. So the central return world worlds to allow to Second Life Avatar and others. In this instance, I think that we are starting in the opposite direction as stiff chain. We started with a virtual world. And then we started creating all the pieces that we needed for this. So the idea is to have as little single points of failure as possible. That's what this means. In general, most games or software have a central entity or company in charge of running the overall state and databases and scottdale thority to change any economic aspect of it or the source code. So the central issue will live on if any single company goes out of business should be resistant to any one entity trying to change its economic rules. And that's why we decided to start with smart contracts on Ethereum, most of the Ethereum, basically, because at the time, it was the only thing available and actually the first version of the central and was a fork of Bitcoin. And that didn't go very well. If you miss a lot easier to use. Most of the state, especially the ownership of the 3d real space, what you can put in there is on on this blockchain and the composability of aetherium also allows for this awesome permissionless innovation where you can interact with other smart contracts and have some meaningful interactions between different contracts and things that you didn't thought of. We also have a network of servers that distribute the content, assets, scripts, images, sounds, everything regarding to render the world, a protocol, peer to peer protocol, which a allows us to share the positions of every avatar with emotion, are they having voice chat interactions with the scripting and with the world? And finally, this sandbox scripting system that allows the owner of land to describe how the world should interact with the users, similar to how a shell script relates to the DOM in a web browser. So why did I start The center we started decentraland. In early 2015, we had a lot of ideas about what we could use blockchain technology for. But most of this was encumbered by the problems of having Oracle's injecting real world information into the blockchain. And we're really wanted to have a sandbox system with a beautiful world, so that most of the information was already there digitally, and probably cryptographically signed. Second big reason why we started working on this was to try to replicate Satoshi Nakamoto, his path to creating a self sustaining economic software distributed system. Doing some interpolation, I think that in the future, more and more public companies will start to have their operations transparently published. And I think that's going to simplify a lot of operations, financials, auditing, and things like that. So creating a project with these characteristics gave us a front line to get to how, how many challenges and what kinds of challenges these get this way of organizing companies will bring about. Last but not least, I always felt moved by the laws governing the pixels in your screens, divides the CPUs move. And I think that this a well, a big question is what gives someone the right to have your CP, your CPU and your GPU render my virtual presence, the sorts of social contracts that develop over time that allows you to waste electricity of someone else to render something that I wanted, maybe an email, maybe an an avatar with millions of polygons and things like that. This is a kind of like the most abstract part of decentraland. But definitely will love to think more about that. For example, in contrast, with Second Life or habitat, there are no super users, no admins, all users are equal in the simulation. But the owner of the fund may have some extra rights
as they control the scripting, but users can always opt to exit that scene if they don't like the golf. So this is kind of like how it looks like. This is where you start some galleries and casino, which is fairly popular right now. That smart contract is provably fair, so you know that the house isn't taking an extra edge of your of your gains. So this is kind of like a map of users moving inside of the center. And we've got about 4000 users a day. 90,000 individual parcels and you can see like green areas and blue areas, which are kind of like specific community projects and some roads between both. So we also have a marketplace, which is one of the most important aspects of a project. Because it is what gives the feast to the da yo, I'm going to go over this a real quick because it's a lot of data. So land is the NFT token that represents a little plot of land 16 by 16 metre meters roughly in the perspective of a first user person. We also have an ERC 20 token that is used to buy things from the marketplace and also vote on the da yo estates, which was one of the first in this permissionless innovation things allows us to grab a bunch of land tokens together so that it's cheaper in gas costs. We also have, you can have a unique name which is similar to a name or a domain name in aetherium. And wearables that allow you to customize your appearance inside of the of the virtual world. All of these things can be traded on the on the marketplace, which sports you can offer something to anyone to buy from you or you can be done things that the owner has not a offer to sell. And the fees of this marketplace called to do. Basically, this is also a set of contracts. We're using Aragon. At the time I think that dow stack was the second contender we We're a little bit closer to the team. So we knew that we, we will get a lot of support there. So we went with Darwin. And this agent, which actually has all the funds and can interact with the rest of the theme community is controlled by the voting smart contract and the blockchain smart contract aggregates, the voting power, if you have learned or if you have manner, you get a certain amount of voting power, it's about 2000 to one relationship between one piece of land and one manner. And with this voting mechanism, you can we can also add or remove servers from the CDM network, a boat on a boat, both on major global constants, such as the fee that we charge on the marketplace, the men, whether it's a day or night, inside of decentraland, and whether points of interest inside of the world. Also, what kind of content should be banned outright from from all servers with a da yo. We can also change the critical call underneath the land smart contract. Or maybe maybe to allow for some new feature. We can also assign financial resources, all of those fees that came to the do, we can redirect them. And we also have a big stash of tokens from from before. And finally, yeah, this isn't about 100,000 USD a month, which is a somehow put in, it's about halfway there to cover or monthly running expenses of all the different projects that are doing some core product development in general.
So some of the challenges in the da yo it's that we're currently striving for participation from users creating a new boat is about 400 USD s as of last week's aetherium gas price. Today, it's about like 5000, or something that, and the incentives to participate are not very aligned. Because saying yes or no, it's also very costly, in about 100 USD per boat. So it has to be something really important for people to come in and vote. The other thing is that the Dow has limited power versus the developer that actually write code. Most of the aspects of decentraland are not governed by the Dow, because it's software running on the CPU of the users. So this is a very interesting a philosophical challenge. And finally, the the actual liberty of things that you can do with the Do they like assigning fonts or modifying global variables seems pretty limited. But it's also pretty dangerous, because maybe some, the majority of the minor land holders can decide to upgrade the land contract and take away tokens from someone else. And seems pretty bad, but it may be negative. If someone loses their private keys and has a lot of land, I think that there's a negative outcome for the whole community due to large portions of the world being abandoned without recourse. So that's why we set it up that way.
too long. Thank you so much. It's about oh, my God, I feel like we I mean, we are only barely scratching the surface for all of you. Thanks a lot for this. Also, you know, the tyranny of the majority is one thing that now came through in claros. And in our last trip to brainstorm so I think it seems to be something that is just going to be a recurring thing that we'll hopefully tackle in the next month, as well as we speak more about problems in the crypto commerce space. Okay, now, I would ask all our panelists add to if they want to unmute yourself, make comments. I think we have Mark Miller up with a first comment. And then you know, if you want to comment on each other, on each other's projects, please feel free to do that too. But Mark, the status yours and pick your comment.
So I'm very excited about these alternative ways of funding scientific research and of pursuing scientific research. I've got two questions about that to just see freeform answers. One is, comes from Robin Hansen's early writings on prediction markets, where he talks about using prediction markets to fund scientific research. Because if you have a new result, then you've that new result might lead you to predicting a different outcome. So simply subsidizing by putting lots of high bets on conventional wisdom than somebody who has a leading reading sense that the conventional wisdom is wrong, can make a lot of money by leveraging their research by placing bets against the conventional wisdom. So just wanted to stimulate discussion on that. The other one is we saw a massive failure of governmental science, with the absence of human challenged trials for responding to COVID. The ideal, the ideal would be humans. Can you come on imagine using dows to do credible, large scale, randomized controlled human challenge trials that are robust against gaming, so the results are considered legitimate and credible, despite resistance and fighting from governments? So those are my two questions.
That okay to take a stab at some of this. Yes, this stage is yours, guys. I will take the back stand and only intervene if it's talking.
You're on the first point totally agree about prediction markets. I think it's something that's extremely exciting. Also, just in the in this is one of the ways that we're becoming quite interested in, let's say, due diligence and projects even or trying to create incentives for people to sort of source information from the crowd and place really good bets. I think it's still early days, but it's a technology we're super interested to explore. I was actually a little bit more want to comment on the second point, which I think is something that is extremely promising and extremely exciting. I think these organizations are still in their infancy, I think we need to get to the point of really proving your legitimacy trust, have use cases that actually succeed in a way that makes a statement in the eyes of governments. But one of the barriers, I mean, this is something I've been thinking about for some time, obviously, in the context of these, these dolls, which what is really powerful is the idea of incentivization. Right? One of the challenges in the context of things like let's say doing a decentralized clinical trial is just the ethical basis of incentivizing someone to participate in a clinical trial. So it is not, it is not ethical. It's not. I mean, it's, you can't, let's say, you can reimburse somebody for their time for participating in a clinical trial, but you can't incentivize them to the point where they might be motivated, you know, to participate purely on the basis of, let's say, some sort of financial incentive. So what would be really interesting is maybe rethinking the sort of incentive design in that space and try to figure out ways that you could, let's say, you know, foster community, create something meaningful, where people want to participate, and maybe not on the basis of receiving something like a financial incentive, but rather on being part of the community wanting to make a change, things like that, which is also something that I, you know, an area where I think Dallas have the chance to succeed. But absolutely, I think, yeah, this is an extremely exciting space for that. And I think even things like biomarkers for aging and physiological biomarkers tracking data on a, on a cell phone, for example, there's there's a huge number of things that you could do in a decentralized way, that would be really exciting.
I can maybe also comment on the clinical trial. So I mean, my group is running a few of clinical trials. And the main thing that you need to run clinical trials is funding and a place to run it. And then of course, you have to get ethical approval. And depending on the type of trial, you need different things, right. If you're running a drug trial, then you need to use a lot more than other types of trials. But there is no in principle, you can run any clinical trial, I don't think the government will object to any type of clinical trial as long as it's ethically approved and goes through all the, you know, logistics that you need to go through. So, in my opinion,
the failure I was raising was exactly the government's failure to approve human challenge trials. So this would be as a opposed to the government's attempt to suppress human challenge trials.
So I think one example of this, which could be kind of cool is there's a group of scientists called rad back, which is a rapid deployment vaccine collective. It's a couple of people out of Harvard who are trying to make a DIY Coronavirus vaccine. It's actually a platform which other vaccines can be used on. And one of the issues is that getting clinical trial approved for something like this is extremely difficult. Despite this, there's like this bio hacker culture where there's actually a lot of people now who are doing self experimentation and a whole bunch of different kinds of therapies. So this group of like Harvard scientists who are having trouble doing clinical trials actually have data from individuals all across the world who have essentially done DIY vaccines themselves. So I think something where dows could be very helpful is to create a decentralized like, sharing platform for these people to be able to like, input their data that they have had themselves to their own experimentation that required no input from the government whatsoever, and then in theory, be able to compensate them for doing so I think you brought up a great point where you have to be very careful with how compensation works in order to make sure that you don't end up biasing any results. But one thing we've talked about within research hub is giving clinical trial participants authorship credit, because in theory, like you know, you need the trial participants in order to study the paper published papers. So being able to reward participants and have their contributions be noted by the community, I think would be pretty powerful. To touch on your first point, too. Have you ever heard of something called replication markets? This is a DARPA funded project from a couple years ago.
We mentioned them in the book actually. Cool. Very cool.
Yeah. It's amazing. I mean, I think prediction markets in general are like, super exciting. I think it's tough to get the structure, right, that they'll need iteration over the next decade or so. But yeah, I absolutely agree. When people put their money where their mouth is, I think there's some cool stuff that comes out of that.
So I just wanted to comment without a human challenge child, I think, two points that are worth making. The first one is governments are not actually able to, I mean, in this case, Ban people from conducting certain types of clinical trials, what they can do is say, we're not going to approve something on the basis of this trial. So if a university says we want to we want around a human challenge trial, and they are, you know, IRB says it's okay, then there's nothing that the government typically would do to stop that. But it doesn't matter, drug companies aren't willing to spend the billion dollars it costs to run a large scale vaccine trial, if the government has basically said, we're not approving this. So that's really the key point, I think there is a very important role for some type of independent registration for, you know, things like homebrew vaccines, where the data can't otherwise be validated. So I do think that there are places that that something like this could work. But I don't think that was the I don't think this functions is a way to allow challenge trials.
Problem is, as you point out data validation, you know, how can we actually trust the data that comes out of this random person, you know, this is really, really critical to clinical trials that we know, the data is trustworthy. Otherwise, we can't really trust the trials. But that's a great point,
blinding, blinding via randomization on chain, but it'd be difficult to like, I mean, you need to have somebody running the trial. It's just that I think there are things you could do.
When Robin was speaking about deliberate exposure, which I posted here in the chat, he was saying, Okay, why isn't like a group of young folks doing this voluntarily by isolating in a hotel, and maybe something like a dog could be used to govern the whole thing or something even like a dominant insurance contract by which we say, okay, you know, everyone under let's say, 30, without the pre existing condition, we go there, if enough other people do so to and, you know, here's a way in which we, you know, measure our health and then there's still some external entity, maybe that would go and check if that's, if it's all up to speed. In the last minute. I just want to make sure that Esteban were to comment in the chat to maybe open up another pocket in case he wants to. Oh,
yeah, no, I was curious. If this was a lot more interesting. Curious about the NFT and intellectual property system, whether that you develop, whether if it works with, like some kind of holding company that will issue like some license if you have cryptographic proof. So I imagine you're going to a website, you sign up to sign something and you get a certificate that you're the exclusive IP owner or something like that. Yeah, so
that was that was actually the earliest design for it. And we've tried, we've tried to we're working with leading law firm in the United States and a few legal counsel in Europe and trying to get this to the point where it can be mediated with a contract that can just be injected into into metamask. But yeah, that the way that you describe that there is one one potential way that you can solve that problem, albeit it is much, much more laborious if you want to onboard, let's say a lot of assets on chain or do it in a more of a more of a streamlined way. But yeah, that that is that is one potential way to solve the problem. We'll be we'll be publishing some work about this in the coming like three weeks I could I could send you sort of the legal and technical framework if you're interested in reading it. Just thanks.
