Creator Studio

Studio Diaries - What it's going to take for Web3 To Work

Gary Henderson

In this week's Studio Diaries, I'm talking about the fun and exciting world of Web 3.0. I'll be discussing the gamification of Friend Tech and the importance of decentralization and ownership in Web 3.0. 

It's important that we find a hybrid between Web 2.0 and Web 3.0 that makes it easy for more people to experience the blockchain. Listen in to hear me unpack the fun world of Web 3.0.  

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Gary Henderson:

My name is Gary Henderson, and I built the creator studio to show you what's possible. I've been doing a lot of thinking lately about. Kind of web three and the blockchain, and then what's going on. This is a week where. We just had friend tech come out. And. It's this hot social app, kind of like a bit cloud 2.0, in all honesty. I say you buy shares of your friends. And you trade them and flip them and make money. We had the gods season three drop. Where the floor price went down by like 50, 60%, like huge, huge drop in value of their collection. And we're building what we're building. So a lot of stuff going on in web three, I was thinking about. You know, what does it take? I was, I was watching the market this week. You know, what does it take to move energy? What does it take to make your, your collectors happy? Who are your buyers? Why are they buying? Like all these questions were in my mind. Then I land on this hybrid system. So we've got one segment of the world. And it's small and they're D gins and they're they're blockchain, Maxis, and they want everything to be. Decentralized and they want everything to be. Non-custodial wallets and they want FinTech. And in order for friend tech to work, what you had to do. Is number one, you had to open up safari on your phone. You couldn't use Chrome. Once you had safari opened up on your phone, you had to install the app on your desktop, on your, on your, like your home screen. So it was kind of this web app, which is kind of odd and weird. It wasn't in the app store. Then you had to onboard from Ethereum over to base, which is Coinbase is brand new blockchain. So, yeah, the onboard there. And then once you did. They had this ability to buy tokens. And they're taking 50% of the creators revenue. And all people are doing is literally just flipping tokens and pipe dreams. Of creators like Taylor swift joining. Right. Max DGN level. Right. Let me trade a share. Of my favorite creator. Now. You also have this theory and this concept. Of people who think that you shouldn't experience the blockchain. It should work seamlessly. It should work just like web two. And. Neither one of those works. The DGN. There's just such a small group of people in the world that understand how to bridge crypto from one blockchain to another. And want to play in the, the share trading game of. They're friends. Like there's just small portions of people in the world who want to do. Uh, you know, true self custody and flipping assets and like the traders that the DJs that are looking at crypto as, as their, their billion dollar income stream. There's just not that many people in the world. There's way more people in the world that want to. Use the blockchain. But the problem with that is they don't value the assets on the blockchain. And that's one of the benefits. You have assets that you own. And many of those assets may contain value. Right. So like your, your dollar, your us dollars or wherever you are in the world, your local currency, it just is what it is. It kind of goes down in value every year. You hold onto it. You spend it when you need it, but your cryptocurrency seizure. Your giraffe, your carry coin, your salon or whatever it is. Right. Those currencies. They could go up in value or down in value and they can have huge swings because they're just getting started. So when you go to the grocery store and it costs a little bit more money to get your bread. Right, or it costs a little bit more money to get gas. That's the cost going up? It's eating at your money a little bit. But see with cryptocurrencies, there's a value. So you might look at Gary coin today and it might be. 11 cents. And tomorrow you might look at it and it might be 15 cents. And next week you might look at it and it could be 9 cents. Right. It could move around. So. We need a hybrid system. We need a system in place where collectors the customers are our communities, the fans, the buyers. Where they understand that this isn't web to. They understand that we're not in. And environment where they pay. And it goes away. They understand ownership. And they understand what ownership means. They understand that the ownership has a value. For some things it's very much by like buying real estate. Right. You buy. Uh, house and you could hold the house and sell the house. You could live in the house. You could use the house, you could experience the house, all those great things. You buy the house and you invest in the house. Or maybe even better, you buy three or four or five houses on the same street and you, you gentrify the street, the neighborhood. You make a better. But what ends up happening is the entire value of the neighborhood goes up. Right. You put the strip mall in down the street, you put the gas stations in you, you build up the infrastructure around the community. The entire value of the community goes up. So a lot of us can relate to that. We've bought houses in our lives. We, we understand that right. Like if we buy a house and it's in the middle of nowhere, it's probably not going to be that valuable, but if they put some infrastructure around it, Schools and shopping and restaurants and all this stuff that people love. Then it becomes more valuable. That's what web three is about. Well, so if we go full decentralization, Everybody owns our assets. Everybody's happy. Everybody's see each other. And there's not enough people in the world that want to get there. Now I'm more of that mindset. That's more me. Like, I, I believe that. Like, I like to teach in. I like self custody. I don't like people taking things that are mine. That's that's where I land. The world though, you most people in the world. They want the benefits of it with the ease of it. They want the benefits of web three. The benefits of owning an asset, being able to sell an asset and the asset potentially. Growing and value. It could potentially shrink and value to. Right. They want that. They want the benefits of those things. They want to. You know, by a giraffe at a hundred dollars and sell their giraffe at a thousand dollars. They want to buy a giraffe and own the giraffe and give it to their kids. They want to buy a giraffe and. Own the giraffe and never have to pay again. Like they want that. They don't care what it means. They don't care what blockchain it's on. Right. The Maxis too. It's gotta be on blank. Blockchain. It's gotta be on salon. It's gotta be on a theory and it's gotta be on polygon. It's gotta be on Bitcoin. Right. The normies though, they don't care. They want to know that the asset has value. We have to work on that. As a community, right. We have to work on. Educating our community and pulling the non, the normies, right? The non people. Have to educate them and pull them into what it means to be in web three. And. For the. The super D gins. Right. We've got to educate them on what it means to grow an ecosystem. What it means to bring in new people. We have to stay focused. We have to still grow. We have to continually onboard new people. I know that we talked about onboarding. Whenever we were talking about AI and we talked about all, but AI doesn't need to onboard, you know, but with three does. Right. Businesses need to onboard. Right. Customers need to onboard. People need to experience the blockchain. A to fill it. They need to have a win there. Some of those winds are going to be financial, just so you know. And that's what they want. A lot of the people that are going to come in and they're going to do that. So we need an educated hybrid system. Not super decentralized and super in a blockchain maxi people. Right. That's going to scare everybody away. Not so seamless. And so. Uh, clean that you have no clue. You even own the asset. You don't even know you have, uh, a currency that's trading in value or a token, this trading of value. You have no clue. So we don't need either of those. We need in the middle. We need a system that's easy and simple to use. We need a system that doesn't scare us. By giving us self custody in these pick phrases, but we need to enable self custody. Right. We need a system that works very much like web two. But we need a. Customer base the community at audience. That understands the value of the assets that exist. In web three. So, thanks for taking some time today. Every so often. I'll do a podcast episode where I just kind of, I talk it's called a studio diary. It's coming from me and it's, it's what's going on in my mind. So as I watched people lean in to the gamification of Fran tech this week, and I watched the gods season three, drop in the floor drop. And I watched the people that are buying right now, the assets of why they're buying them. Right. I noticed we've got very heavy DGN. Or we've got very heavy, non Dejan. So we have the very heavy people that just want to flip and trade to make money. And we have the people that are going to hold forever and, and they're just happy that they're holding. Neither. One of those are happy when the floor goes down. The deacons understand if they go buy more product. That they can raise the price. The other people just think that the price should be there because that's what they paid. And that. Just odd. They don't understand it. So we've got to find our hybrid in the middle. Right. So I'm going to do my par, you're going to do your part and we're gonna work together to find our hybrid in the middle. Look, if you're a curious, right. If you're listening to this and you're like, Look, what the hell is going on here? What's. What's a giraffe. What's what's this hybrid he's talking about. What's web three, go to carry that club and just check it out. I click around, look at the social tokens. Look at the supporters. Look at the leaderboard. Um, go to get involved, look at all the ways you can get involved in our community. There's a link to get to discord down in the foot, or just go to gary.club and check it out. Right. Look at the badges that everybody has just go check it out. Right. That's what web three is. It's fun. It's exciting. It's easy. And it lets you own your assets and lets those assets go up in value. And it gives you some insane benefits that web two just won't evolve or won't allow. Thank you all so much. Don't forget to follow the show. And i'll see you all next week

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