Date: December 20, 2024
Host @petyapetrovich
Agenda:
1. Discussion and thoughts on play;
2. Tokens OR Stocks?
3. Why Web3?
4. Q&A session.
One, [Discussion and Thoughts on Play]:
Most meme coins are just a wave of traffic. He Yi expressed that he still hopes to have projects with real user scenarios and commercial value built on BNBChain.
Projects that meet the needs of Web2 users and are willing to issue tokens are rare; TaleX is such a project.
Short dramas can first issue an RWA; a cultural element can be extracted from it, such as a character image, a line, or a keyword to issue a meme.
Memes can bring a wave of popularity, and through memes, everyone will pay attention to the RWA behind them. Memes become a traffic tool, and RWA becomes a value-bearing container, accumulating value.
(Shen Du Xian Zun) In the first month of earnings on Tiktok, it has already exceeded the issuance cost. For those who initially purchased short drama tokens, it can be said that they have earned the tokens for free, and there will be income in the second month, third month, and so on.
Two, [Tokens OR Stocks?]
Should we issue tokens or stocks? Which is better?
If a Web2 company already has its target market and business is up and running, facing compliance and financial transparency pressures, it may not be willing to issue tokens; it is more likely to choose to issue stocks.
Why should real estate, securities, government bonds, and stocks be mapped to Web3? There are already smooth trading opportunities in Web2, making token issuance unnecessary.
For copyright assets:
Firstly, there is a demand for trading in the short drama industry in the real world.
Secondly, many people are investing in films and TV shows every day, putting in funds; those who invest have a demand for secondary circulation.
Thirdly, there is currently no centralized trading market for them to trade.
The core question is whether there is an asset that requires DEX.
Assets that cannot be well traded on CEX are copyright assets, which are such assets.
Therefore, copyright assets are suitable for Web3 and should be promoted by issuing tokens.
Regarding vampire attacks:
For example, Didi or Uber, the core assets are users and drivers, as well as the network effects they create.
If Didi or Uber enters a new market, assuming they come to Singapore, they can capture the market by subsidizing users and drivers for two months.
So, would local taxi companies in Singapore also use subsidies to compete?
What happens after two months of subsidies? How many users can be retained? Is it worth doing this? Is it cost-effective?
Let's practice using Web3 to issue tokens:
When Uber came to Singapore, they told drivers and users that they would issue a token with a limited supply.
In the future, tokens can be used to pay for rides and offset platform fees.
All profits earned by the platform in Singapore will be used to repurchase this token; for every passenger a driver picks up, you get one token, and for every ride a user takes, you get one token.
Everyone would be willing to support Uber to capture the Singapore market because they know that all profits belong to the token holders; I am the owner of this company, I am a shareholder, and I fully support it.
This way, Uber attracts people without spending a penny on subsidies.
The difference between issuing tokens and issuing stocks is — issuing tokens is like a vampire that drains all your users.
The competition between Uniswap and Sushiswap has validated the above rules.
This is what I firmly believe — because crypto creates real participatory value for users and provides them with true wealth acquisition channels.
In the past, wealth only shifted from capitalists to entrepreneurs. Today's entrepreneurs hold the greatest wealth, like Musk and Zuckerberg. All users look up to these founders as oppressed and exploited individuals. Only crypto can bring the greatest freedom and true wealth to ordinary users.
When ordinary users can own this enterprise as participants, the true era of communism and universal wealth will come.
Three, [Why Web3?]
How to persuade film production teams to come to Web3?
Besides trading, in the traditional stock market, companies are far from users, lacking interaction and the ability to convert users into promoters and consensus users.
Web3 makes it easy for projects to connect with users, integrating them seamlessly and easily mobilizing users.
From a capital perspective, in the traditional world, if you want to buy copyrights, you have to buy stocks of Disney or Netflix, but the distance between those stocks and the shows is very far.
If you really believe in a certain show, you have to buy the entire company's stock, but this stock may correspond to 100 shows, making it impossible to precisely purchase the show you believe in.
Here, we can precisely break down each show.
In the future, there may also be ETFs that include 100 shows. If you don't have time to watch each show one by one, you can purchase such an ETF.
In the film and television industry, for a work we love, an IP, for a certain character to whom we have devoted all our love, we create memes for them, produce merchandise for them, and create secondary creations for them.
However, they are harvesting our money every day.
This needs to change; in the future, all cultural IPs should belong to all fans, allowing more IPs to achieve consensus through word-of-mouth.
Four, [Q&A Session]
1. Who sets the price for the short drama token? Suggestions: Preview before issuance, document the storyline, and promote the short drama more during the AMA.
Prices are set by the production team themselves; thank you for the suggestion, we will gradually improve.
2. How is the progress on getting the previous books onto the chain for circulation?
The specific situation is still unclear. I'll record the questions and answer them in the community once confirmed.
3. The TaleX product features are basically complete; what are the plans for later promotion and traffic generation?
The thinking behind the TaleX product is very clear and will continue to improve; the introduction of dramas is also a long-term task.
Using Opensea as a reference, it was founded in 2018, but it really took off in 2021 when several phenomenon-level NFTs appeared. When those NFTs exploded into popularity, everyone knew they were released on Opensea.
Therefore, we propose the concept of ContentFi, which is not very well-known yet, but will one day become popular. We just need to hold this position and continuously bring in content until one day a certain show becomes a hit, and we will stand on a relatively mainstream stage. In the future, anyone wanting to issue copyright assets will choose TaleX.
As a platform, to become popular, you still have to wait for content that can help you break through; we are constantly pushing forward, waiting quietly for the flowers to bloom.
4. When is the expected release date for the MVB8 results of BNBCHAIN?
The results of MVB8 are expected to be released in January 2025.