Fleamint, the NFT Platform for Digital & Real-World Assets!

Hey everybody, this is James Pelton. Happy Thursday morning if you're in the U.S. or afternoon if you're over in Europe or Africa. Appreciate all you guys being here. We are going to be talking with Sean from Flement today, so I'm excited to kind of look through that, talk through that a little bit. What I need from you guys, please hit the like button as we're going. And a comment question of the day. I used to do this all the time, but I would like to know where everyone is from. Again, it amazes me each and every day. I'm in Lincoln, Nebraska. Okay, small town, Midwest, Nebraska. And it's just amazing to me. I can connect with people in the UK, Africa, India, Philippines, all over the world, just sitting here in my office in Lincoln, Nebraska. I mean, technology is amazing just where we've come. So hit the like button. Two things before we start, hit the like button, comment where we're from. If you have questions as we're going, please bring those up. We'd like to ask all those questions, get them all answered. So let me bring on Sean here. Sean, welcome to the channel today. It's good to have you. Thanks for coming on. Thanks for being so welcoming. So yeah, pleasure to be here. Yes, awesome. Well, can you start us out? First off, we got San Antonio, Atlanta, Duluth, Central Wisconsin. So we've got some Midwest people around here, some Big Ten countries, so awesome. Sean, can you kind of start us out with a quick introduction? How did you get where we're at right now? How'd you get into crypto? Tell us a little bit about yourself. Well, just on the geography thing, I'm originally British, but right now I'm in Bangkok. And I live in Indonesia next to Bali. So I mean, I'm pretty globetrottery, and I suggest everybody get out there and explore as much as you can. You never know what you're going to find. Yeah, I have an explorer's kind of spirit. I started off in finance years ago, but I'm a hobby geek at heart and always liked a little bit of gaming and building PCs. And through that network, I ended up mining some Bitcoin in 2011. But because I worked in finance, I didn't believe they would allow it to succeed. And so I sold at $10. And then around about 2017, I saw that it couldn't be stopped. And I started with my first crypto project, which was called QPI, which was essentially speaking a security token. We had a huge earthquake where I was living at the time, and that damaged some of the property that we were looking at doing. So then I went again in 2020, 21, with Metafin, which was basically a two and four project. And then I met James, the CEO of this company and the team in charge here. And it all clicked into place because we've all got a passion for technology, but we've all had real world business success. I've worked in property and finance. James has built an exchange previously. Our other James, who's our CRO, he's been heavily involved in property tech. And so we all kind of understand what it takes to make a business work. And what we've unfortunately saw in a lot of the crypto market was a lack of sound business fundamentals behind the tech. The tech's great, and you can speculate on the future usage. But if a company is going to actually do something with the tech, I think that puts you ahead of the game, right? And that's certainly what we've tried to achieve with this. Okay, awesome. Well, I'm excited to dive into it a little bit. So maybe, assuming that the audience has never heard of Flea Mint, okay? They have no idea what you're doing or anything like that. Can you kind of give an elevator pitch? You know, if you get on an elevator and someone says, hey, what do you do for a living? What would you kind of answer there? Well, I would ask us to get another elevator after the first one. Yeah, right. So at Broadbrush, we want to end up being a super dap, the world's first super dap. And that means a one-stop shop. And the reason why that's the end game is because we firmly believe that mass adoption comes from ease of use. And if the ease of use is going to be there, you don't want to log into another thing and another thing and a different site and a different site. You kind of need it all in one place. That's the idea behind it. But we're not there yet. We've got to grow into it, okay? Baby steps. So we have already built an NFT marketplace in Avalanche EVM. We've also built one in Solana. We're combining them. We're aiming for interoperability. But when we say an NFT marketplace, we are not talking about purely scarce collectibles or the JPEG craze, which there's nothing wrong with if people want to collect art. That's absolutely fine. I think speculating is perhaps not so fine. But what we really want our NFTs to tie to is physical items in the real world so that there is a genuine asset that comes alongside the digital asset. Now, that might be ordering a pair of loafers and you go, yeah, I want these amazing Gucci loafers, but I want to know that they're really Gucci. I don't want them to be some knockoff. Well, if we've done the deal with the franchisee or with the actual designer, we can pair the NFT directly with the individual item. You've then got an unforgeable, immutable record of where the item came from. You can scale that from designer items to diamonds, gold, metal resources, and one of our first major areas is property. Okay, very good. So, can you tell us how this works? So, again, if you go to the website, there's some mint options. So, can you kind of tell us how these, what happens when you buy these, where is the money going, and tell us a little bit about that process? Yeah, so this is our pre-seed round, well, just the first open seed round, okay? So, in the meantime, we've already started to do web consultancy for bringing Web 2 to Web 3. We've already started to bring on board assets to sell on the full version 1 marketplace, and that should be timed for another month and a half, thereabouts, okay? Obviously, we're still testing things, making sure that everything is safe and secure. In the meantime, we are raising funds, and we do it via these NFTs that are available on Solana or BSC at the moment, and the round is currently converting the cost of the NFT at around $1.35. So, that means that for your $500, you're going to get, you know, 1.35x that. For 1,500, you get 1.35x that, and that will come in the form of airdropped tokens. And obviously, when we come to token generation event, our target price is higher than this. Obviously, we can't speculate too much on price, but we know that our circulating supply around about TGE is going to be less than a million tokens. The total circulating supply possible is 20 million tokens, and we do have burn and buyback features, because not only do we have the marketplace, we also have a partnership with a decentralized exchange called FloyX, and the interesting thing about that exchange is it is aiming to get people on board via KYC and AML. So, we're strong believers that regulation is coming in the future, and we should be preparing for it whilst acting completely within the scope of all of the current regulations. Okay, very good. So, can you tell us a little bit, again, an audience, if you guys have any questions, feel free to ask those. We'll bring those up as they fit into the conversation. But why Solana? Why did you choose Solana? Again, that's not something that my audience is super familiar with. You know, you can't use MetaMask and things like that. Yeah, well, you can with the BSC. So, on the BS side, it is actually particularly for MetaMask, and the amounts are slightly higher. And a very interesting reason is that different areas of the globe have different favored chains. And here in Southeast Asia, Solana is one of the favored chains, but the average income is considerably less than somebody from, say, Europe or America. So, we actually changed the pricing as well. So, you'll see that the Solana NFTs are a little bit cheaper than the BSC ones. The conversion rate is the same. So, it's literally like buying a smaller bag of the same thing, right? It's just it allows people to get access in a different environment where they have access to that chain and that chain stables. So, our ultimate goal is to be completely interoperable. So, as I mentioned, we built the first beta version of the marketplace in Avalanche. Then we've had to incorporate the BSC and the Solana right now. And as we grow, and I can't tell you too much about the next steps, but when we get to those steps, you will suddenly see everything knitting together. It's hard to get excited about this without telling you the secrets, right? Because we are under NDA with one of our big partners. But the reality is that you won't need to know that you're actually engaging in Web3 or you won't need to know that there are crypto transactions going on when you're on our platform. It's just going to happen. And one of the barriers to people who are wanting to join Web3 and crypto right now is I need to put a Metamask extension in my browser. I need to type in a new RPC network. Now, for you and me and probably most of your viewers, we've been through that. We can handle it. But for my grandma and for the 90% of people who haven't adopted crypto yet, it's got to be easy. And that's what we've decided to do and aim for that easy, easy shell. Okay, yeah, and this, by the way, my channel is an NDA free zone. So you have liberty to, no, I'm just kidding. Don't get either of us in trouble. So how do you plan on doing that? Because that's one thing I'm passionate about too is I see so much capital in crypto just recycling itself. And I've really wanted to, hey, let's get new people into crypto. So like I just launched an NFT collection that you can mint with your credit card is one way and you can cash out straight to your bank account. So how are you guys kind of, what's your plans? And again, don't share what you can't, but. Yeah, so you're exactly right though. Being able to use fiat money, boring old stable money is actually kind of important to have access to Web3 services, okay? One of the things we do is we help existing Web2 businesses get into Web3. So this is why we're actually, we have revenue and we haven't even fully launched the project yet. We're actually making money already. And the great thing about that means one, we don't have to go cap in hand to everybody all the time, but also we're bringing those businesses and their clientele into the sector. So they then see a benefit to having an NFT membership campaign, maybe even tokenizing some of their economic output. And this comes back to one of my original points is if there is no economic output, then why have a token? And that's one thing you've got to ask when you're looking at a lot of chains out there is what does the project do? What can I buy with this token? And if all you can do is trade it, then there's a fundamental flaw in the economic value of that item. But if you can buy, now, for example, our on-contract, just real estate alone is over 1,500 properties across Thailand, Dubai, and Indonesia, okay? Now, these are properties that people might not normally get access to to invest in, may consider it something that the jet set can only invest in. Now, we're democratizing the access by allowing more people to come in, maybe taking them on fractional basis, maybe take on an entire investment basis into a retype product. There are so many, there are literally so many ways to make all of that applicable and give it the economic backing of our coin is those transactions on the platform. Okay, no, definitely, definitely got you. And by the way, audience, yeah, if you have questions, so here's the first question. Is there a Metamask Hot Wallet equivalent for Solana Chain? I use the Phantom Wallet. I don't know if you guys have a recommendation for what you use. Well, recommendations, no, but I use Phantom. Okay, that seems to me to be kind of the most popular. So a couple more questions that I had for you. First off, you mentioned, for people that are just joining on, by the way, I'll have a replay of this available right when we're done, so if I don't answer your question, it means that we probably already talked about it. But you mentioned that you're gonna have revenue pre-launch, and I love that because I see so many projects that they're promising. There's so much Ponzinomics going on in crypto in general, which is, hey, we're gonna pay you out from these new people that are paying. So right now, or pre-launch, can you, again, talk about the different revenue streams and what's actually bringing in revenue? Yeah, so obviously, the marketplace, if you can imagine the entire Fleabin philosophy is to become the scaffold for every other major Web2 business to get into Web3, okay? So what we do is we consult with people, we help them do their own tokenomics, we help them do their own token launches. We have seven signed corporate partners already, ranging from property developers to real estate brokerages to gaming companies. I think there are two brokerages in Indonesia already. There's a UK-based property developer, and we're in advanced discussions with a North American-based property developer. Now, why would those people wanna come to Fleabin and get involved in NFTs, you would think, right? So then we come back to the thing that you just mentioned, which is Ponzinomics and the problem with DeFi, okay? So people get into a DeFi token, and it may be a fork of a certain popular named product, and they go, okay, I'm gonna buy this bigger version of a token, and then I'm gonna earn this little version of a token, and hopefully, if people keep coming in, then one of these tokens will be worth more and more, and I can exit with a lot of money. And quite often, those things come crashing down to earth within a week or two of launch, because they can't sustain it, right? This is why, if you see something that's too good to be true, guys, it probably is, okay? Crazy interest rates are just not sustainable. However, if a company, which is an audited or vetted company with accounts that has assets, that has a track record of, let's say, buying land and building condos, and selling those condos and making large amounts of money, okay, as some of our clients do, they currently go to a bank, and they're borrowing at roughly 13%, okay, roughly. But that's your money that they're borrowing. It's not the bank's own personal money. It's you as a depositor. It's your money that they're borrowing. But what do you get to deposit? Are you getting, what, 2%, 3% savings these days? So there's a huge inequity there, right? And that's one of the problems that Web3 and blockchain tech is supposed to be solving, and that's what we're trying to solve. So let's say we issued NFT personal loans to this particular company. You could lend them your money at, let's say, 7.5%. They have to pay you back. They're a legit entity. You could sue them if they don't pay you. I mean, it's like a, these are not like random crypto startup people borrowing your money. These are actually well-established businesses that we are consulting for. So they get vetted. They come, they apply. We check the accounts. We check the assets. We make sure everything's cool. We give it the seal of approval. We then talk to you. We crowdsource that lending. We save them 7% on what they would be paying at the bank, and we gained you 5% on what you would be saving at the bank. That, to me, seemed like a cheaper cost of money for everybody, right? And it's a win-win. That is what we need to achieve to make these businesses successful. Okay, yeah, and we have to be totally fair. Don't hate too much. We're up to 3.4% APY on some of these savings accounts. So, I mean, don't cut them short, 3.4%. But no, I totally, it's always bothered me. Again, I come kind of from venture capital, and the more I got involved in traditional finance, the more I realized, wow, this is really designed for the wealthy people to get wealthier, and the middle-class people to stay middle-class or even go down, you know, with inflation. Even if inflation's at 7%, if you're making 3.4% in your savings account, you're losing each and every day. Well, from 2000 to 2008, I worked in the mortgage finance industry in England, and not overly proud of it, but I learned about it. And it isn't thought of in a win-win way. It isn't thought of in a morally, what I consider to be a morally acceptable way, right? There is a third way. You can make money and still not sort of oppress or squish down the normal guy. The normal guy can still do well as well, and that's one of the big ethoses behind what we want to do. Okay, very good. Awesome, I love it. And again, for people just kind of joining us, if you were going to, again, there's so many, and this is something I'm seeing more and more of, is people, you know, more and more NFT marketplaces. There's one here, one here, one over here, one over here. So again, if you were kind of, first off, why did you decide to go that direction? You know, there's a lot of different directions that you could have gone, it seems like, with your dream. Why NFT marketplace? And again, if you were trying to pitch to NFT collection, use us instead of these guys, what would you kind of say? Well, honestly, for an NFT collection, there are people who are very experienced at doing that thing, and you should go with the experts, generally speaking. What we consider is that an NFT is far more than just a collectible. It is a contract. You've seen how, for example, if you're signing a deal on a property, and I say I go back to property because that's one of my areas that I've worked in a lot, but like, you look at a property deal, you have to sign deeds, you have to sign title, you have to send contracts around all over the place, okay? There are sometimes, you know, options to buy, there are sometimes deposit structure things that you have to purchase, company creation in order to buy with a special vehicle, or whatever. But those things nowadays, you send them via PDF or DocuSign, which is basically a digitized contract. And then if you think about it, the blockchain ledger entry, if you've agreed it to be a contract, and there is consideration, and then you've signed it, it's just an unforgeable contract. So then that's really what got us thinking about the fact that an NFT is an unforgeable contract, and therefore it is the right vehicle to look at digitizing real world assets. Because if you try to do it with a single token, a utility token, it's fungible, it's not gonna work. Whereas if you have a single property and you assign it to a single NFT, and then there are some interesting tech ways of how you move it across multiple chains, but that's for another day, right? But basically you can create an NFT of a single property, and there you go, it's attached to it. If the jurisdiction allows, you can have it with a title assigned to it. If the jurisdiction doesn't allow, you can have it as a contractual obligation for yield, in the same way that you would rent a room in a hotel, or be part of a rental kind of, what's the word, cooperative, for example. So there are businesses that are actually doing this already that they have a condo or build a condo, and then they lease it to the government to lease to a certain section of society. Well, then there's a guaranteed yield that's happening for a certain amount of time. It's in that developer's interest to make sure the cost of finance is done at the best rate possible. They owe that to their people, right? And so there's no reason why the public shouldn't benefit from that by being that lender. Okay, very good. And this, actually, Davis brings up a really good discussion topic. So yeah, audience, I'll start bringing up some of your guys' questions, because you guys, honestly, sometimes I think you guys are better at this job than I am. Risk for FDIC insurers. We were talking about you only get 3.4%, but it's FDIC insured. So what would you say to someone who says, hey, it's not worth the risk? We've seen so many scams and people losing money, FTX. It's not worth the risk getting into this? Yeah, I completely understand the viewpoint here. And definitely, if you were doing a big ticket, then you would have to weigh that in. But if you're then part of a mass movement where everybody's chipping in, I don't know, $500, $1,000, $5,000, you've then spread that risk through the power of democratized finance. So it's not quite the same, you know what I mean? It's like not you that's providing a $20 million loan to an entity, it's you providing a very small part of that loan, okay? And it's done on a personal loan basis. And it doesn't have to be done that way. There is another approach for some of our businesses where they go full DAO. And then you're actually getting decision-making process or power within that entity as well as raising them funds to make the next amount. Okay, nope, I think that makes a lot of sense. And part of it is just the, for me, is the principle and the direction that we're going with things. So even though, you know, DeFi might not be quite as safe now, we're hoping to clean that area up as time goes on. And I just want to go in that direction where it's no longer the big banks profiting off of all the stuff that we do, but we can kind of take control of it, get the extra profit for ourself. I would also say as well that the businesses that we're speaking to are well-established businesses. We're not looking at startups and we're not looking at this as like a VC funding type of a brand new no track record entities. We're looking quite deep into the early part as certainly we've been all over their assets and their accounts. And as we grow, we will bring in either big four audits that have to be done external to us, because obviously as we scale, we're going to need to be able to take on more entities. And don't get me wrong, this is not for like the brand new startup, some basement dwelling teenager comes up with an idea and a PowerPoint and says, hey, I need 50 grand. Can you go get it for me, right? No, it's not for that, right? What it's for is something that has real world assets behind it, right? Okay, and then one partnership I know that you can talk about it is the Shisha Finance Partnership. Are you going to talk about what's involved with that and any sneak peeks of other partnerships that you're not under NDA for? Well, with regards to Shisha and GDA, both amazing outfits. They work in a sort of an incubator basis and they're very plugged in to, well, Shisha particularly is plugged in across the Middle East and North Africa area. And in that area, one of our clients is doing a project which is quite akin to the DraftKings idea. It's a fantasy football sort of battle kind of application. Got a lot of traction in Africa already, and that's going to expand even further. There is also a gaming company, Arcade Quest. They're based in North America. What they do, which is very different from any other gaming company that I've seen, is their play to earn isn't based on the game that they made. It's a layer that they place over the top of Fortnite, which is a AAA game, right? And the guys who founded that are some of the top Twitch streamers in that area. So it's an extremely interesting way to look at how we can approach these tokenomic problems and make sure that the value doesn't get leached out of the system. And again, it always comes back to what can you buy with that token? Because as long as you're not just cashing out all the time, then it becomes sustainable. So yeah, Shisha is introducing us to not only potential investors, but businesses that are also interested in coming into Web 3.0 in that area. And likewise with GDA, we have a couple of hundred people, I think, or they're about to talk to over the next couple of weeks. It's a pretty busy period. That's good. Better too busy than not busy enough, right? Like that's what I always say. Yeah. Richard would like to know, with the token, is there anything that's going to help keep the price up at the start? The normal launch is basically a pump, then sell for profit, and then many times it is lower than the pre-sale. What's kind of the plan for a token there? So one of the good things is that the CEO of the company has the experience of having run his own crypto exchange before, okay? So he is probably one of the finer brains to be able to understand how to approach this. And he's consulted for several projects. If you look at our white paper, and I'm sure there can be a link in the description perhaps later, you'll see that there is a vesting period for all the tokens that come on board. So for example, team tokens, we can't vest for two years, and it takes four years to totally vest. There is no dumping on each other. Even these tokens that people are looking to purchase right now, we're not going to airdrop you day one and watch you rip all of the lifeblood out of your fellow investors, okay? You're going to get a little bit at a time, over time, so that we ensure that the price is not just stable because we need action going upwards as well. But you know, the exchange that we are actually going to be using to put this out primarily also has function for buyback, burn. We have a staking kind of procedure where you can get up to around 20% if you want to lock up tokens for a longer period of time. There's also obviously more things you can buy. So the idea is that if you see a play where you get in on the project now, it's 135, okay? Who knows where the token will go in the future, you know? We hope it will go up, okay? But we're not going to make silly promises. If it was to go up, and then you look to buy in a property, whatever it went up by is your discount. So there's a reason to hold. It's not like a, oh, we hope they're going to announce something. I mean, we've already got quite a lot of things that we've announced. And if you actually look through the partners and see that literally, it's now the 9th of February, right? Okay, March. Probably by the first week of April, you're going to be able to look at the V1 version of the site. And I would be surprised if you weren't blown away by the things that you can purchase. It's going to be very wide. Okay, I'm really excited about that. Maybe we'll have to have you back. Or at least I'll get out some tweets or something once that's kind of available, give people a better idea. So I love doing it this way, by the way, where we kind of introduce an idea, and then you can kind of grow with someone as they're kind of getting going. So, love that. Halder would like to know, are you looking to get regulated, SCC or any other? So our headquarters is in Singapore, which is one of the most crypto-regulated environments. And currently, there isn't any NFT regulation we need to adhere to. Having said that, we are in line with Elliptic and institutional. For our treasury, at least, we have a custody for our multisig, which is obviously making sure that all the coins that come in are checked by Elliptic, which does the chain analysis to ensure that we don't have any hacked coins or any nefarious sources. And we are looking for KYC AML on the platform. We don't share that information with anybody, obviously, but it is very important for us to have it so that when the regulations do catch up to where we are, we're going to be in a position to just smoothly transition because it's happening. There will be a point. Much as we would love to all be in charge of our own finances and completely free of any regulatory kind of body, the reality is FTX has happened, okay? And we don't want that to happen, and we're all docs. You can see who I am. We don't hide behind avatars. Every single person in the business has got a bio and a LinkedIn, and we're all verifiable people with track records. And that's one of the reasons why is because we really feel that when regulation comes, you need to be head above the parapet, embracing it. Okay, absolutely. Totally agree. Yeah, you have to be prepared. I like the way that you worded that where it's like, okay, there's nothing. The SEC hasn't given guidance yet at this point, and there's a lot of institutions that haven't given guidance about how we're gonna, I don't think they know. They don't know how are we gonna regulate this, but just being available and open, I think that's smart. Let's talk about the roadmap a little bit. So when is always the most popular question for everyone. So maybe you can start with kind of like a long-term, where do you see this going in the next five years? And then kind of walk us back to, here's the next thing, March. We're gonna have more of the website ready and kind of walk us back from long-term to short-term. Sure, sure. Okay, so the big overview, as I mentioned at the beginning, is the whole super DAP. And the idea of that is to have every facet you could possibly imagine within the Web3 space in one app that can sit on your phone. So we're talking about wallet, personal identity, KYC, AML. Whether we move to zero knowledge for that in the future will depend upon how many regulators accept it. So at the moment, we know with Persona is accepted by every regulator that we've ever had to deal with in the past. So we have a relationship with them. Eventually, there will be a Metaverse component, but these are not things that we want to sort of like push on right now, purely because we know that you have to get there step by step, you know. So overview, sure. Super DAP, Metaverse. Focused is ensuring that we are getting, I call it NFT-fi, right? So it's not exactly DeFi because we actually have real world assets behind what we're doing. But we want to push that NFT-fi hard in the early year. We already have, we're actually ahead of our roadmap because our intention was to get six corporate partners by now, and we're on eight. We have more pipeline business. We're growing the staff. Adrian, our chief of staff, is a fantastic guy. He's just hired a new business analyst, a new product owner. We're working on a sales team. If anybody in your audience is looking for a job, get them to ping a CV across to us. We're running our Growth Gurus campaign in Discord, which is a really simple thing. If you've bought an NFT and you like the project and you understand what we're doing and you've read the white paper, evangelize for us, please. Go ahead, we want to build a community that is engaged. So I do encourage everybody, first, like James' video. And the second thing is come to our Discord. And then when you're on our Discord, be part of the family. Yeah, no, that's awesome. I was going to say, what are the calls to action? So yeah, you beat me to it. And I always start with the least intrusive, cheapest, which is, yeah, just hit the like button. Even that alone helps get the word out. It gets more viewers on this video. So that alone, it's super easy. You're already on the page. It's free. You might as well hit the like button. And then, yeah, if you want to get more involved, I'll leave a link. Go follow on Twitter. That's something that helps out. Even just getting the numbers up on the follower count helps Twitter show it to more people. So again, that's totally free. I'll leave a link to that. And then, yeah, hop into the Discord. Be part of the community. I'm leaving links, too, to the white paper. You can dig into it more there. You have a medium with some articles just kind of talking more about your overall vision. If people want to get involved financially, what's the best way to do that or the different options to do that? So the easiest thing right now is just to pop onto fleaman.com. And if you have Metamask and you have a little bit of BNB and some BUSD, then you can pick from one of the three NFTs. The conversion rate, as I mentioned earlier, is $1.35. Or you can do it on Solana if you've got some USDC kicking around somewhere and you have some sold for the gas. And you can do exactly the same thing with Phantom Wallet. The denominations are lower on the Sol side, but, hey, you can always buy five. You don't have to just buy one. Yeah, no, there you go. And then if you work in a Web2 business that is looking to scale into Web3, then make it known in Discord because we're growing all the time. We need more guys in North America to not just actually grow businesses but actually to go and talk to people and actually recruit businesses to us. We've got new guys starting in Europe. I mean, this is one of the most exciting projects I've ever done in my life. I mean, every day we have a new thing that's just cropped along. It's like, okay, well, we've got this one solved. Let's move on to the next one. It's a very dynamic C-suite. I highly recommend you look at the team, right? James is phenomenal. Other James, phenomenal. Adrian, phenomenal. Literally, I cannot sing everybody else in the team's praises, right? You guys have got to see what you're dealing with. It's not your standard crypto crew. Yep, absolutely. Well, I mean, anyone with the name James can't be too bad. So, no, totally. We've got two, and you. Yeah, and me. Now you've got three. Awesome. Davis would like to know, what's the plan to be able to get user adoption to get to super dap status? How are you planning to compete with, you know, Twitter seems like they're going that direction with payments now and things like that. How do you compete with the big boys? So, I was saying very clearly, we need to get the businesses on board at the same time. So, right now, the leading layer two slash one in the marketplace in terms of speed of growth and in terms of business development is very clearly polygonmatic, okay? And all they're doing is just munching away like Pac-Man, nom, nom, nom, another business, another business. And they're throwing money at it. And I don't think it's necessarily producing a great product. Some of these Matic NFT ideas, don't get me wrong, it's great to get those businesses involved. It's just not really seeing to the bottom line to make those businesses more money. And I think that's where they might be falling down a little bit. Now, the business that is under NDA has a significant user base. And it will be a huge bump to what we're doing. And it will also help us with the businesses that we're onboarding. And don't forget, each business that we're onboarding already has a user base. So, for example, the Arcade Quest guys, I mean, we're early in our phase, by the way, we're only eight months in. But the Arcade Quest guys have got 10,000 unique users a month. The gaming organization from North Africa has 44,000 people in Kenya alone and is growing into another 50 countries, just got licensed. So, these are numbers that, when you look at these people, they always love to talk about Metcalfe's law and, oh, users equals value. Well, it doesn't equal value if the users are not spending any money on your platform. So, that's where we're trying to actually build something that is, what are you paying for on Twitter? A membership. Maybe you can filter some of your stuff. I have a Twitter blue, I paid for it. Wasn't really the best value for money I ever spent on anything, right? I don't think Twitter is going to go into that space, particularly. It'll get there eventually. And our unnamed NDA partners are going to go to that space and we'll be very happy to help guide them as we go. Okay. No, very good. No, I like that a lot. What would you use? Again, you kind of mentioned, if you know Web 2.0 that's looking to get into Web 3.0, what would you kind of recommend as like, what's the pitch you use for Web 2.0 companies who maybe they're not even thinking about it? They're, you know, well, yeah, we've heard of crypto. We've heard of the blockchain. We've heard of NFTs. We don't really know what they do. We don't know how it value, you know, benefit our business. What do you guys say to those people? So, there's quite a few different elements to it. One is actually understanding your customer better, okay? And actually giving them a sense of ownership in the project. Now, some traditional Web 2.0 businesses are not looking to share equity or share their yields with their customers. But if you think about it, in their marketing spend and in their discounted offerings, they're already doing that. So, it's about getting the light bulb moment from that Web 2.0 business to understand that we're not asking you to give away your profits. What we're asking you is to readdress your marketing budget in a way that rewards your users and your customers in a more transparent way. And users are becoming more savvy as to the business is actually going to do that. And therefore, users are going to seek out the businesses that do do that. And they're not going to want to see a flashy sign saying two for one if you buy now or whatever. Those days are kind of fading out. What they want to see is, hey, we value your opinion. We will give you what you want. And we can give it to you faster, more efficiently. And we can give it to you at this price because you have engaged with us in this way. And then people are like, okay, there's a transaction going on here. I feel valued. I respect this business. So, it's that light bulb moment that we're going for. Okay, very good. Yeah, I know it's getting my brain spinning of different ways too. I've worked for a lot of Web 2.0 businesses and getting them involved. One aspect that I like, that I've seen Web 2.0 businesses interested in is the fundraising side of NFTs where you're basically taking a loan from your customers rather than taking a loan from the bank, like you said, doing some kind of NFT collection. So, yeah, there's a lot of directions you could go. Definitely. I mean, the fundraising is a part of it, but it's not what I would open up with people because I think fundraising comes across a little bit sort of one-sided. Okay, the way we achieve it is even. But I think the philosophy has to be to open or turn on some of these Web 2.0 businesses into the Web 3.0 culture so they understand why people want decentralization, why people want to have a stake in something that they are a fan of or that they enjoy or they buy. And I think that's the mood shift that will actually end up getting real mass adoption. And it won't be that everybody converts. It's just that all the people who did it the old way will get old and eventually die off. And then the new generations will grow up thinking that way from day one, right? So it's important for these companies to start that transition. Can you imagine how many people looked at Amazon when they started off doing books and they laughed at them for, why are you selling books online? And now look at what they're doing, right? So people, I think a lot of Web 2.0 businesses recognize the change is coming. They can smell that internet change. And it's like, okay, what do we do? And they're panicking. We're talking to people. It's not a hard sell, let's put it that way. When we speak to a business, they want to do it. Yeah, no, I totally get that. It's similar to the internet. I used to try, back when I was just getting out of college, I was trying to convince people who weren't on the internet, they were using salespeople and things like that. And I'd say, hey, you need to get an e-commerce store. And like you said, some of the older people were like, no, that's, you know, the internet's a fad. It's not going to last. And so now we're kind of just to the next iteration of some of that technology. So, awesome. Well, okay. So again, calls to action, the free ones, hit like, go join on Twitter, go hop in the Discord. The paid one is the NFTs. And then we talked about it at the beginning, but just a reminder for people who are hopping on right now, since we have the call to action, what does the NFT get you again? How should people think about, you know, getting return on that in some, in what timeframe? And just a little bit more info on the NFT. So firstly, there are three different rarities, okay? And each one does have its unique serial number. If you are a collector, there is something maybe for you to collect. That isn't the NFT image that is displayed. It is hidden until you buy it. And then it will appear in your portfolio, okay? So there will be a degree of collectability, particularly if the business continues on the trajectory that we're on right now. There will be a chance to say, hey, I was one of the first 2,000 that got into this. And if you get a legendary, you may be one of, I think it's 176. So that's kind of cool. They will be converted at the stable coin value that you pay for them now, 135 to the FLM token. So that means you'll basically get an airdrop of the FLM token just around the TGE event time, in line with the vesting schedule. So there will not be a massive lump of tokens dumped on everybody which you dump in the marketplace. That's not going to happen. What will happen is you will be drip fed that airdrop over three to 15 months. So it takes about a year for a big chunk to come out. But obviously smaller chunks can get settled earlier. Okay, very good. Well, hey, awesome. I love that. I love the mission. I think that your mission really meshes well with what I want to do again, which is bringing non-crypto people into crypto. I love watching the total market cap of crypto, and I watch that. I want to see that go up, is what I like to see. So I appreciate you coming on. Is there anything else that you feel like we didn't touch on or details that you want to go through, NDAs that you want to break, anything? I would love to. The thing is, when I do break it, then we're going to really go on the little bull run for us. So when we're allowed to tell you, then it'll be great. But yeah, we just have to, we're building throughout the entire bearish market that we've just had, which wasn't actually that bad if you think about it. If you've been through one before, you know, batten down the hatches, don't make crazy purchases, and then see what happens, right? And we're definitely having a bit of a spring right now. I don't know if it's the full bull yet. Just be calm, be patient. That's all I can say to everybody. And measure twice, cut once. Best bit of advice I ever had. And I'm pathetic at woodwork, but it's true. You need to measure twice and cut once. And it's the same for your crypto investing. Read the white paper. Don't just believe what I'm saying. Take your time to understand what we're trying to achieve. And I think that will help us find better evangelizers. Yep, absolutely. I totally, sometimes people get the wrong idea because, you know, I'm doing AMAs with tons of projects, and I put my money into basically everything. I'm like, I'm just putting my money into everything. I do not think that's the way that most people should handle their investments. I do it because I'm on YouTube. I'm trying to give my audience a good variety and show them a lot of different things. But if you're gonna put in a significant amount of money, join the Discord. At the very least, please read the white paper. Don't just watch this video and say, oh yeah, I'm in. Read the white paper, hop in Discord. Make sure you like the community. Make sure, you know, talk with Sean. I'm sure you're in there. I'm putting you on the spot here, but I'm sure you're in there answering questions. Well, look, just to let you know, I'm a crypto fan first, right? So I'm just so lucky that one, I got to the point in my life where I was working in a paradise island, which was kind of cool, and do my own crypto thing, and started my own hotel. And then I spent time in Discord groups, and I went in DeFi, and I lost a lot of money in DeFi, and I learned a lesson in DeFi, which is you need real world assets to know that you're getting real things, and not just wait for the Ponzanomics to come. So two years ago, I was no different from any of you. I was looking at crypto going, I want to do this. I'm trying to do this. I'm learning as much as I can, but still, I didn't choose the right option. So the best thing to do is do it yourself. Oh yeah. No, I found that definitely. My audience knows. I've kind of, there's a lot of, I've been rug pulled too many times where now I'm like, you know what? I just want to go build all my own stuff. I'm a software developer. Let me go build all my own stuff, and then I don't have to rely on anyone. So I definitely get that. We're building so much. Why don't you come and do software development for us? Hey, there you go. You know, there's a part, although yesterday I was reminded, I was sitting at my computer banging my head on a bug. I couldn't get figured out, and I was like, oh, this is why I left software. It was because of this. So we will see. We'll see. So awesome. Richard says, this is my third AMA listening to them, and I like it more each time. So that's good. Thank you. Good feedback. Thank you, Richard. Give us a shout in Discord, and I'll say hi. Thanks. Awesome. Well, hey, I think we'll go ahead and wrap up there. For the audience, I appreciate you guys and appreciate you watching and just your interest in the space that I also am interested in. I mean, that's why I started YouTube was I couldn't find too many people around me that were interested in crypto and DeFi. You'd say those words, and you could see their eyes gloss over like, oh, James is talking about crypto again. So I love just having friends. I'll call you guys friends who we can look through projects like this and just kind of help shape the space going forward. And Sean, thank you for building. That's one thing I'm always appreciative of people that are just building in the space, especially during the bear market. Thank you for not being a money grab. Thank you for not rug pulling us yet and things like that. No, never. Thanks for coming on and talking through your project. Thank you. And yeah, just be good to each other. If you start things with a really positive intention, you get so much more value back. Definitely the way to do everything. Really, just take time to know who's in charge of these things and do the right thing, guys. Awesome. Well, hey, Sean, it was nice to meet you and I look forward, hopefully we can do this again sometime. But thank you so much. Thank you. All right, take care, everybody.