Exploring Futarchy: Governance by Markets with MetaDAO's Founder

Building Web3 communities that matter: Inside Superteam Germany's strategy for sustainable growth in Solana.Full notes for this episode at: https://solfate.com/podcast/66Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePodPS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)Notes from the showBekka moved to Germany for cultural opportunities and language learning.Superteam Germany was founded to support the Solana ecosystem.Community membership is capped at 150 to maintain meaningful connections.Germany's Superteam focuses on builders and technical development.Regional Superteams have unique strengths and focuses.Collaboration among Superteams enhances overall community growth.Bekka's artistic background influences her approach to Web3.Digital asset ownership revolutionizes creator relationships.Challenges in the NFT space can lead to personal growth.In-person events significantly impact community connections.Collaboration has changed lives in the Web3 space.Diversity of skills is essential for impactful projects.Communication is key to conveying vision and ideas.The ecosystem is evolving to include more non-technical roles.Creativity and collaboration can lead to innovative solutions.NFTs have potential beyond current applications.The importance of fostering a supportive community.Embracing the unknown can lead to exciting opportunities.Find Bekka and SuperteamDE onlineFollow Bekka on twitter - @DrRebekkaRevelFollow SuperteamDE on twitter - @SuperteamDEFollow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13Solfate Podcasttwitter: @SolfatePodmore podcast episodes: solfate.com/podcastcollect episodes on Drip: drip.haus/solfate

Get insights into ORE’s proof-of-work journey, including new features in V2, staking pools, and the project’s unique approach to building a broader ecosystem.Full notes for this episode at: https://solfate.com/podcast/65Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePodPS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)Notes from the showORE is a proof-of-work token that anyone can mine.The project aims to bridge Bitcoin to Solana.Mining is designed to be accessible to all users.The hash function used in ORE is non-parallelizable.Mining happens off-chain, with validation on-chain.The initial launch faced significant network congestion.The V1 system had issues with spam and transaction volume.A hard fork was necessary to transition to V2.The V2 redesign improved the mining experience.The project gained attention through its marketing strategy. The transition from V1 to V2 involved significant changes in reward structure and supply cap.Community feedback is crucial in shaping the monetary policy of the token.Participants in crypto can be categorized into three main groups: nerds, speculators, and utility seekers.Liquidity is essential for the success of ORE and its integration with real-world assets.Staking and mining pools are being introduced to enhance user participation and rewards.Horizontal integration can create a broader ecosystem for the ORE token.Liquidity is viewed as a key component of store value in the crypto space.The project aims to compete with traditional finance by offering decentralized alternatives.The ORE experiment is seen as a significant step in exploring new monetary policies.Community engagement and feedback are vital for the ongoing development of the ORE project.Find HardhatChad and ORE onlineFollow HardhatChad on twitter - @HardhatChadFollow OREsupply on twitter - @OREsupplyFollow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13Solfate Podcasttwitter: @SolfatePodmore podcast episodes: solfate.com/podcastcollect episodes on Drip: drip.haus/solfate

GenesysGo is transforming decentralized storage with Shadow Drive, a fast, secure platform built on Solana, designed to rival traditional cloud solutions. And they are building it using mobile phones.Full notes for this episode at: https://solfate.com/podcast/64Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePodPS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)Notes from the showGenesysGo is building the decentralized storage platform called Shadow Drive, which aims to provide speed, stability, security, and ease of use comparable to centralized web and cloud platforms.The team started as a validator on the Solana network and attracted a strong amount of stake. They then expanded to provide RPC network support and became the largest provider of RPC services on Solana.Shadow Drive addresses the storage challenges faced by validators by storing Solana's ledger history. The platform has grown to have an average of 130,000 daily active users.Decentralized storage offers cost savings in terms of bandwidth costs compared to centralized storage providers. Shadow Drive achieves this by leveraging the collective power of the network.The platform aims to decentralize revenues and distribute them to the operators of the network, providing a disruptive and cost-effective alternative to traditional storage providers. Shadow Drive V2 is a decentralized cloud storage platform built on the Solana network.The platform is designed to be resource-efficient and capable of running on mobile phones.It operates on a consensus algorithm that allows for censorship resistance and decision-making by the network consensus.Shadow Drive V2 leverages Solana as a base layer for identity, payment, and other functionalities.The platform aims to decentralize revenues by directly passing user fees to network operators.Find Frank and GenGo onlineFollow Frank on twitter - @Frank_theTraderFollow GenesysGo on twitter - @GenesysGoFollow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13Solfate Podcasttwitter: @SolfatePodmore podcast episodes: solfate.com/podcastcollect episodes on Drip: drip.haus/solfate

Colosseum fuels Solana innovation! 🚀 $250K for startups, mentorship, and a $60M fund. Next hackathon begins September 2nd—be part of the future! #Solana #Blockchain #startup Full notes for this episode at: https://solfate.com/podcast/63Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePodPS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)Notes from the showColosseum combines online hackathons and accelerator programs to support Solana ecosystem startups.The accelerator program helps teams push towards a mainnet release and provides support in technical and non-technical areas.Colosseum invests $250,000 in each startup that goes through its accelerator program.Teams in the accelerator program receive feedback on legal and entity structure, team composition, and early customer communication.Colosseum evaluates teams based on their ability to ship quickly and efficiently. Colosseum provides funding, mentorship, and resources to early-stage projects in the Solana ecosystem.They run hackathons to identify talented teams and provide them with pre-seed funding and support.The accelerator program helps teams refine their ideas and secure additional funding.Colosseum plays a role in educating and convincing later-stage funds to invest in the Solana ecosystem.They are working on building a co-founder matching platform to help teams find the right partners.The next hackathon is scheduled for September 2nd to October 8th.Find Matty and Colosseum onlineFollow Matty on twitter - @mattytayFollow Colosseum on twitter - @ColosseumOrgColosseum website - Colosseum.orgFollow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13Solfate Podcasttwitter: @SolfatePodmore podcast episodes: solfate.com/podcastcollect episodes on Drip: drip.haus/solfate

Full notes for this episode at: https://solfate.com/podcast/62Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePodNotes from the showMagic Block is a high-performance engine for fully on-chain games and applications. It aims to make it easy for developers to build entirely on-chain games and leverage the unique features that blockchain offers. The engine uses a hybrid approach between a roll-up and something that runs on Layer 1 to minimize latency and preserve composability. Fully on-chain games are games whose source of truth derives entirely from a blockchain, where state and logic run on-chain. These games offer permissionless composability and become autonomous worlds.Magic Block provides a solution for faster and more scalable on-chain gaming experiences. Magic Block is building a solution called Ephemeral Rollups on Solana that allows for fully on-chain games with high scalability and composability. Ephemeral Rollups are a combination of Solana's high-speed blockchain and a separate execution environment that runs custom operations on specific accounts. This allows for the passage of time and other game mechanics without the need to pay for every state update.Magic Block is also developing the Bolt framework, an entity component system built on top of Anchor, to simplify game development on Solana. The goal is to create a future where everything runs on-chain while preserving composability and a single ecosystem for users, developers, and operators.PS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)TakeawaysMagicBlock is a high-performance engine for fully on-chain games and applications.It aims to make it easy for developers to build entirely on-chain games and leverage the unique features that blockchain offers.Fully on-chain games have their source of truth entirely on the blockchain, offering permissionless composability and becoming autonomous worlds.Magic Block uses a hybrid approach between a roll-up and something that runs on Layer 1 to minimize latency and preserve composability. Magic Block is building Ephemeral Rollups on Solana, which enable fully on-chain games with high scalability and composability.Ephemeral Rollups combine Solana's high-speed blockchain with a separate execution environment that runs custom operations on specific accounts.The Bolt framework, built on top of Anchor, simplifies game development on Solana by abstracting away low-level complexity.The goal is to create a future where everything runs on-chain while preserving composability and a single ecosystem for users, developers, and operators.Find Andrea and MagicBlock onlineFollow Andrea on twitter - @supermarioblockFollow MagicBlock on twitter - @MagicBlockMagicBlock's website - MagicBlock.ggFollow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13Solfate Podcasttwitter: @SolfatePodmore podcast episodes: solfate.com/podcastcollect episodes on Drip: drip.haus/solfate

Full notes for this episode at: https://solfate.com/podcast/61Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePodPS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)Notes from the showThe conversation revolves around the introduction of Actions and Blinks, a technology platform and protocol developed by Dialect and Solana Foundation. Actions and Blinks allow users to share Solana anywhere on the internet by unfurling URLs and providing interactive experiences. The idea originated from the concept of smart messages and transaction requests in Solana Pay. The launch of Actions and Blinks was a collaborative effort between Dialect, Solana Foundation, and various wallets.The discoverability and accessibility of Blinks are limited to specific browsers with wallet extensions installed. However, there are plans to make Blinks more widely available and user-friendly. The conversation explores the challenges and potential of Blinks and Solana Actions in revolutionizing the internet. The guests discuss the uphill battle of creating an open ecosystem in the current environment of mega companies and intentional blockades.Chris and Nick highlight the power of Blinks in bringing value transfer and interaction to users without leaving the app. The technical nature of Blinks and Solana Actions is explained, emphasizing the backend REST API of Actions and the frontend UI of Blinks. The guests also mention the future possibilities of mobile integration and the importance of developer feedback and collaboration.TakeawaysActions and Blinks allow users to share Solana anywhere on the internet by unfurling URLs and providing interactive experiences.The idea of Actions and Blinks originated from the concept of smart messages and transaction requests in Solana Pay.The launch of Actions and Blinks was a collaborative effort between Dialect, Solana Foundation, and various wallets.Currently, the discoverability and accessibility of Blinks are limited to specific browsers with wallet extensions installed, but there are plans to make Blinks more widely available and user-friendly. Creating an open ecosystem in the current internet environment is an uphill battle against mega companies and intentional blockades.Blinks bring value transfer and interaction to users without leaving the app, enhancing the user experience and stickiness.Blinks and Solana Actions have a backend REST API for transaction construction and delivery, and a frontend UI for rendering and user interaction.The technical nature of Blinks and Solana Actions allows for easy development and customization, making it accessible for developers.Mobile integration and native mobile implementations of Blinks are the next steps in the evolution of the technology.Find Chris and Dialect onlineFollow Chris on twitter - @aliquotchrisFollow Dialect on twitter - @SayDialectDialect's website - dialect.toFollow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13Solfate Podcasttwitter: @SolfatePodmore podcast episodes: solfate.com/podcastcollect episodes on Drip: drip.haus/solfate

Full notes for this episode at: https://solfate.com/podcast/60Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePodPS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)Notes from the showJackie, aka Graffito, a cybersecurity professional and artist, shares her journey from the world of cybersecurity to web3 art. She started in the hacker community, exploring the boundaries of technology and pushing the limits. After working in cybersecurity and consulting for large companies, she felt a disconnect between her work and her desire to create meaningful and valuable contributions. This led her to explore art and storytelling, using her technical knowledge to create AI-generated videos and digital art. She finds satisfaction in pushing boundaries and creating work that leaves people wondering how it was made.We also discuss Jackies creative process and the tools they use to create AI-generated artwork. They emphasize the importance of starting with basic tools and gradually learning and experimenting with new techniques. Graffito also highlights the value of receiving feedback and encouragement from the community, which motivates them to continue creating. They discuss the potential of AI in the art world and how it can revolutionize the creative process. The conversation concludes with a discussion about camping and the possibility of organizing an event in Puerto Rico.TakeawaysGraffito's journey from cybersecurity to web3 art showcases her desire to push boundaries and create meaningful work.Her technical knowledge and experience in cybersecurity have been valuable in creating AI-generated videos and digital art.She finds satisfaction in the creative process and the ability to leave people wondering how her art was made.Graffito's transition from the corporate world to the world of art reflects her desire to make valuable and relevant contributions. Start with basic tools and gradually learn and experiment with new techniquesFeedback and encouragement from the community can be a powerful motivatorAI has the potential to revolutionize the creative process in the art worldThe capabilities of AI in art are still in their infancy, but they are rapidly evolving Consider organizing an event in Puerto RicoFind Jackie (aka 0xGRAFFITO) onlineFollow Jackie on twitter - @0xGRAFFITOFollow 0xGRAFFITO on Drip - drip.haus/0xgraffitoFollow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13Solfate Podcasttwitter: @SolfatePodmore podcast episodes: solfate.com/podcastcollect episodes on Drip: drip.haus/solfate

Full notes for this episode at: https://solfate.com/podcast/59Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePodPS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)Notes from the showGenopets is a mobile game that promotes an active and healthy lifestyle by incentivizing physical activity. The gameplay involves summoning a pet and earning energy by tracking steps, which can be used to level up the pet. The game is evolving with the introduction of the Age of Discovery, where players can claim sectors of the real world by taking photos, which are then converted into the Genoverse world. Each sector has its own lore and story, and players can compete to claim and monetize sectors. The game also incorporates play-to-earn mechanics, with energy leaderboard competitions and rewards in the form of governance tokens.Genopets aims to be viewed as just any gaming app on the app store, offering in-game currency and a shop to buy items. The game follows Apple and Google's policies, ensuring that players can access the same experiences and items across platforms. The mobile app allows players to purchase items on-chain or through in-app purchases. The crafting system in Genopets uses semi-fungible tokens (SFTs) and a randomized process. The game also features seasonal items and a focus on decision-making and fast iteration in the development process.TakeawaysGenopets is a mobile game that encourages physical activity and a healthy lifestyle.Players earn energy by tracking their steps, which can be used to level up their pets.The Age of Discovery introduces a new gameplay mode where players can claim sectors of the real world by taking photos.The game incorporates play-to-earn mechanics, with energy leaderboard competitions and rewards in the form of governance tokens.Genopets aims to be viewed as just any gaming app on the app store, offering in-game currency and a shop to buy items.The mobile app allows players to purchase items on-chain or through in-app purchases.The crafting system in Genopets uses semi-fungible tokens (SFTs) and a randomized process.The game features seasonal items and a focus on decision-making and fast iteration in the development process.Find Albert and Genopets onlineFollow Albert on twitter - @mralbertchenFollow Genopets on twitter - @genopetsFollow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13Solfate Podcasttwitter: @SolfatePodmore podcast episodes: solfate.com/podcastcollect episodes on Drip: drip.haus/solfate

Full notes for this episode at: https://solfate.com/podcast/58Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePodPS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned)Notes from the showIn this conversation, Dan from Heavy Duty Builders discusses their mission to create a community for builders to connect, learn, and collaborate. They primarily focus on organizing online events and workshops, with a special emphasis on Spanish-speaking participants. Dan shares his experience organizing bootcamps and the challenges of reviewing and providing feedback on participants' projects. The conversation highlights the importance of education and community in the Solana ecosystem, and the efforts made by Solana Foundation to support developer education.Dan discusses his transition from being a full-time developer to focusing more on educational work and strategic roles. He talks about how his company, Heavy Duty Builders, now hires other developers to do client work and refers people for contracts. Dan also emphasizes the importance of work-life balance and the different perspectives people have on work. He highlights the potential of blockchain technology beyond finance, particularly in improving trust in government operations. Dan encourages developers to think about the problems that require trust and how blockchain can address them.TakeawaysHeavy Duty Builders is a community for builders to connect, learn, and collaborate.They organize online events and workshops, with a focus on Spanish-speaking participants.Their bootcamps are intensive and interactive, with weekly homework, projects, and quizzes.Reviewing and providing feedback on participants' projects can be time-consuming but rewarding.Education and community are crucial in the Solana ecosystem, and Solana Foundation supports developer education. Dan has transitioned from being a full-time developer to focusing more on educational work and strategic roles.Heavy Duty Builders now hires other developers to do client work and refers people for contracts.Dan emphasizes the importance of work-life balance and acknowledges that different people have different perspectives on work.He highlights the potential of blockchain technology beyond finance, particularly in improving trust in government operations. Find Dan and Heavy Duty Builders onlineFollow Dan on twitter - @danm_tFollow HeavyDutyBuilders on twitter - @HeavyDutyBuildCheckout the Heavy Duty Builder's Spain developer workshop - SolanaSpain.devFollow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13Solfate Podcasttwitter: @SolfatePodmore podcast episodes: solfate.com/podcastcollect episodes on Drip: drip.haus/solfate

Full notes for this episode at: https://solfate.com/podcast/57Follow @SolfatePod on Twitter for updates: https://twitter.com/SolfatePodPS: We are happy to announce the launch of our Solfate Drip channel where you can collect Solfate Podcast episodes as digital collectibles! Subscribe to our Drip channel today: drip.haus/solfate (we have some fun experiments planned) Notes from the showIn this conversation, James and Proph3t discuss futarchy and its application in governance. They explore the concept of futarchy, which is governance by markets, where decisions are made based on market predictions of the impact on a reference asset's price. Proph3t shares his journey of discovering futarchy and his motivation to implement it in MetaDAO. They discuss the vision for MetaDAO, which aims to create a decentralized organization that operates as an amalgamation of autonomous startups leveraging common assets. They also touch on the process of raising proposals and the accountability mechanisms in MetaDAO.The conversation highlights the efficiency of market-based decision-making and the empirical evidence supporting its effectiveness. The conversation explores the concept of futarchy as a new form of governance and decision-making. Futarchy combines elements of democracy and market mechanisms to make decisions based on financial incentives. It introduces the idea of trading votes and using conditional markets to determine the outcome of proposals. The conversation also touches on the challenges of voting manipulation and the potential benefits of futarchy in combating this issue. The guests encourage listeners to participate in futarchy and contribute to this experiment in governance.TakeawaysFutarchy is governance by markets, where decisions are made based on market predictions of the impact on a reference asset's price.MetaDAO aims to create a decentralized organization that operates as an amalgamation of autonomous startups leveraging common assets.In MetaDAO, proposals are raised and voted on through market trading, aligning personal incentives with the proposal's expected outcome.Market-based decision-making has been shown to be more efficient than alternative methods in various contexts.MetaDAO is still in its early stages and is working towards improving its infrastructure and scalability. Futarchy is a new form of governance that combines elements of democracy and market mechanisms.It introduces the concept of trading votes and using conditional markets to determine the outcome of proposals.Futarchy has the potential to combat voting manipulation and incentivize participants to make informed decisions.Listeners are encouraged to participate in futarchy and contribute to this experiment in governance. Find Proph3t and MetaDAO online- Follow Proph3t on twitter - @metaproph3t- MetaDAO's website - https://metadao.fiFollow us aroundNicktwitter: @nickfrostygithub: github.com/nickfrostywebsite: https://nick.afJamestwitter: @jamesrp13github: github.com/jamesrp13Solfate Podcasttwitter: @SolfatePodmore podcast episodes: solfate.com/podcastcollect episodes on Drip: drip.haus/solfate