AboutPressAnnouncements
technologyAfricacommunitybankingtokenguides
3air weekly AMA, 29th June 2022 @5pm CET, 8am PT - Jack O'Holleran from SKALE
AMAs & Spaces

3air weekly AMA, 29th June 2022 @5pm CET, 8am PT - Jack O'Holleran from SKALE

Table Of Contents

01
Introduction:
02
Sandi Bitenc, CEO of 3air Joins the AMA:
03
How to enter the 3air/SKL giveaway:
04
Update on 3air
05
Jack O’Holleran, CEO or SKALE Network Joins the AMA:
06
How did you get started in crypto?
07
How is SKALE different from other blockchains?
08
What is the latest development at SKALE?
09
How many projects are live on the SKALE network?
10
Tell us about the 3air integration to SKALE:
11
How does SKALE have zero gas fees?
12
How does SKALE optimize scalability and improve user experience?
13
Do you have plans to collaborate with game developers or NFT platforms?
14
How important is the community and how can the community help the project?
15
What motivated you to develop SKALE?
16
What is the long-term vision of SKALE?
17
How do you make time for yourself?
18
Brief market update of the past week:
19
Selecting the giveaway winners:

This is a transcript from our weekly YouTube live AMA:

SPEAKERS: Anita Mlakar, Sandi Bitenc and Jack O’Holleran.

About AMA: Special guest Jack O’Holleran Co-founder of SKALE Network and giveaways of 3x $100 BUSD and 3x $100 USD SKALE tokens.

AMA Duration: 01:02:05

Introduction:

Anita Mlakar: 00:05

Hello, everybody, and welcome to 3air’s weekly, AMA, every Wednesday on YouTube. We’re doing it live at 5pm Central European Time. We are happy to have you here. And of course, to be able to give you some additional information about our project, 3air’s project of bringing internet to Africa, and how you can be a part of the community that is making a change.

00:27

My name is Anita Mlakar. If maybe you don’t know, I’m the host of these AMAs, today with Sandi Bitenc and our special guests coming up but let me invite you first to be a part of this, to get involved. You have more options. So, you can click like, write a comment, suggestion, a question in the chat. hit the bell icon to get notifications, subscribe to our YouTube channel. Be a member of our community, we have communities on Telegram, Discord, Twitter, or you can follow us on our social networks.

01:00

You do know that this is a very special AMA with a very important guest. We have been waiting for him for some time. And finally, he will be with us in a couple of minutes. But let me continue with a short introduction of our projects.

01:15

So, what are we doing? We are trying to connect the unconnected, to bank the unbanked and we are connecting people of Africa to Internet. So, if you are unconnected in a way, you are underpowered, and we need to give people internet connection. We are doing that with two technologies K3 last mile solution and our 3air internet. Once you are connected to the internet, you get a digital identity from us where you can store everything and it’s a provable record of what you have done so far. And of course, you can identify yourself with it. We also create your digital bank account, we are giving you a wallet custodial or noncustodial. And all this time what we are doing is educating people and that is the real empowerment.

02:07

The next step is providing financial services. We have Fiat onboarding and off boarding ramp, peer to peer crash crypto onboarding, DeFi, we are working on micro loans and yield farming. We also have outside partners that will provide additional digital revenue streams. And once we put people through all these steps, they’re connected, they’re banked and empowered. They have financial tools, they have the revenue streams, and they have the knowledge.

Sandi Bitenc, CEO of 3air Joins the AMA:

Anita Mlakar: 02:35

Sandi Bitenc, CEO of 3air. Welcome!

Sandi Bitenc: 02:40

Hello. Hi, everyone. Hi, Anita. How are you?

Anita Mlakar: 02:44

I’m great. How are you?

Sandi Bitenc: 02:46

I’m fine.

Anita Mlakar: 02:47

I’m excited.

Sandi Bitenc: 02:49

You know what? When I come to Slovenia, you go out.

Anita Mlakar: 02:55

Yes. I’m moved to another country, yeah. But not because of you, please. Okay.

Sandi Bitenc: 03:01

I’m not so sure.

Anita Mlakar: 03:02

I’m coming back. I promise. I will be on time for a special event.

Sandi Bitenc: 03:08

I would also go if I was you. I think you are in a really nice place right now.

How to enter the 3air/SKL giveaway:

Anita Mlakar: 03:14

Yes, I am near the Sea coast. So yeah, it’s very nice. Sandi, before we invite our special guest, we have to do two things. First is a short update on development 3air is making, from you. And second, we have to let all the participants know how they can be a part of a live giveaway. And they can get 3x BUSD from three air and 3x USD from SKL. We will do a random selection of the winners. But of course, we have to tell them how to be a part of this. So, Sandi, what shall we do first?

Sandi Bitenc: 03:54

If somebody didn’t understand the second part of the prize is 3x $100 in SKALE tokens- SKL. And then [inaudible 04:05] is giving those away, and how you can enter? Let me share my screen. And I will just show you, I think that’s the best one. You see that, right? So, you go to app.3air.io. So that’s our back office. And there you’ll see a section called giveaway. You just click on giveaway and enter your email. And so, you’ll need to log in and you log in with your wallet with your Meta Mask wallet and then you just put in your email. And at the end we’ll just have a random picker behind this, and we’ll just pick six random winners, and all will appear here below this red line. So just keep an eye on this and how they’ll be announced is like this. So, first and the second part of the wallet will be shown. So, you’ll be able to identify your own wallet. But nobody else will be able to identify. nobody will have the whole wallet and see it. So, we try to preserve privacy as much as possible. And yeah, this is how it’s gonna go. So, you just log into app.3air.io and leave your email here. And there’ll be six winners, the first three winners, get 100 BUSD, and the last three will get $100 worth of SKALE tokens.

Update on 3air

Anita Mlakar: 05:44

Yes, thank you Sandi for telling the rules. And now what you have to do just in a short way, give us a short update about what is going on in 3air.

Sandi Bitenc: 06:00

The development work is ongoing. I actually wanted to show you today a demo of our digital identities. The problem is I couldn’t get my phone to share the screen on there, I was really trying this for the last half hour, it was impossible to get a screen share. But what I can do, I can show you actually because it’s a phone app. So, it’s not that you can run it on your browser, it will be on your phone. So, this is a total demo. So, it has a wallet implemented. So, once you click start and accept, then you have your standard procedure, you can recover your wallet, or you can just generate a new wallet and you have you know those 12 mnemonic no keys and no worries and no data will be stored here. So, don’t even bother trying to hack it. But let me just try and get this going. And I will need to remember them. And let me get the Wallet app because now I need to input the words. So, I just don’t want to bore you with this one. But let’s say in the middle, I’ll do the wallet creation. And then in the middle we’ll show how the credentials are actually scanned. And on the next AMA, I promise you, I’ll have the phone screen sharing on and then we’ll be able to show everything.

Anita Mlakar: 07:49

Okay, thank you, Sandi. Thank you. And we’re looking forward to that too. And now I think it’s time to invite our special guest. I’m really looking forward to that because today, as we announced it co-founder and CEO of SKALE Labs, Jack O’Holleran is with us.

Jack O’Holleran, CEO or SKALE Network Joins the AMA:

Anita Mlakar: 08:09

Jack. Welcome. Hello.

Sandi Bitenc: 08:14

Hello, I think you’re muted.

Jack O’Holleran: 08:16

Hello. How’s it going? Pleasure to be here.

Anita Mlakar: 08:19

We are really happy to have you here. Thank you for taking the time, so that we can see you better. How are you doing?

Jack O’Holleran: 08:28

I’m doing great. Yeah, so it’s morning here in San Francisco. And I know it’s evening over there. So, I’m having my coffee. I’m getting the day started and things are going well. Happy to be here!

How did you get started in crypto?

Anita Mlakar: 08:42

Yeah, it’s a little different on your side because we’re easily ending the day not easily, but we are ending it. So yeah, you are just starting it. Jack, we have so many questions coming in because people are really excited about having you here. So are we. But I will just start with this first question that it’s actually about you because before we get to know the project, and the company. We really like to know the people standing behind it. And that’s you, Jack. So maybe the first question, I would really like to ask you, I know that you were talking about this a lot of times on interviews, but still, you are here with us today. So how did you actually discovered the world of crypto? I know you were an entrepreneur with this amazing idea. And then you know, there are a lot of entrepreneurs, they have good ideas, some come to life, some don’t. What happened with your idea and how did it start?

Jack O’Holleran: 09:35

Yeah, so I got into blockchain in 2017. We started SKALE at the end of 2017. But I’ll kind of track backwards. So, my career in Silicon Valley started in 2005. I actually started in cryptography and mobile security company called Good Technology that did mobile computing and had very advanced levels of cryptography certification such as FIPS 140-2 certification, the White House, FBI, US Senate. Most of the Fortune 100 companies in the world use this product. Actually, my co-founder, Stan coincidentally did our cryptography certification in 2005. So, we met then later in 2017. And just kind of the world’s connected again, it was pretty nice.

10:22

So, I then started, one of the world’s leading machine learning and AI companies called for the life science space called Aktana, specifically on the commercialization side and worked with all the world’s largest biotech and biopharmaceutical companies, large pharma companies around the world. And so, I had this big background in enterprise software, doing software as a service. And however, I think since 2011, I was incredibly fascinated with Bitcoin, I used to live in Palo Alto, and had a big group of developer friends and this was before I actually learned to be an engineer had the Bitcoin white paper sent to me and didn’t understand it and full but had enough friends that did that, I was able to talk about it, learn about it.

11:12

Then when Ethereum launched my brain was kind of blown, I realized that different types of companies could be created. You could create companies that weren’t owned by centralized middlemen that were owned by the users and the workers and a lot of my ideas were on the app application side, but I was being gated by the throughput of Ethereum. And I met, Stan Kladko, who’s my co-founder or CTO who’s a world-renowned cryptographer, a world-renowned physicist. He was a Stanford researcher and had been working in cryptography since 1999. So, Stan had these phenomenal ideas and vision of how to scale Ethereum. And that’s really how we got into this.

11:55

And why we do this, though, as you look at 3air, 3air would not be possible. If you look at the geography and the use case, and then quantity of transactions doing $10-$100 Gas fees would be inconceivable. The project wouldn’t able to get off the ground, even $1 gas fees, would you see on other networks right now would not work and function and you take $1 in Sierra Leone, for per transaction, and it just blows the business model out of the water. So, we built SKALE to support projects like 3air and support projects, all across Web3, to support projects, building and gaming. Metaverse Defi etc. So that’s a little of my background. I am Happy to be here and really excited about the product that 3air is building.

Anita Mlakar: 12:50

Okay, you were talking about a white paper, the white paper is an important thing, because it has all the data on it, the information. And 3air also had a really long, white paper. Everything was written in. I don’t know if you went through all of it but like you said, you went through this white paper when you started your business. So yeah, it is something crucial, right?

Jack O’Holleran: 13:15

Yeah! You have to have a plan, a transparent plan. I mean, building in blockchain and building Web3 is all about not just behind closed doors, drafting technical plans, it’s showing the world what you’re building and then executing on that. And then also making sure your code is open source. So, community can track progress, users, developers, validators can go and actually look at the source code and evaluate the source code and get it audited. So yeah, white paper is really a foundational component of this. I would say blockchain open-source ingredient list.

How is SKALE different from other blockchains?

Anita Mlakar: 13:51

Okay, of course, we know SKALE, we read, we heard a lot about SKALE but in a couple of words, what is SKALE? Or how is it different from other networks? And what does it mean that it is a layer two solution for those who maybe do not know?

Jack O’Holleran: 14:09

Yeah, and I would say SKALE is a transformative technology. And I think to describe it purely as a layer two is not even a fair assessment. And also, I think a lot of people would say SKALE is not a layer two, because of all the properties that it has. SKALE has layer two connectivity to Ethereum, in the sense that it is built on Ethereum. It’s integrated with Ethereum. It has not just a bridge and Ethereum connection, but it has interoperability with Ethereum. But on the other end, it actually has layer one security properties where consensus and finality can occur on the SKALE network you can mint tokens on the skill network, and they can run there and live there. And so, to say it’s purely a layer two isn’t fair especially you look at Block Brawlers right now that’s live that the Brawl tokens live minted on SKALE, you can leave that chain and in ten seconds, go to another chain on the SKALE network and go to the Eropa chain and be able to trade and swap that token. Now, the swapping components, the connection between those two chains is going live very soon, both applications are live. There’s many applications live. But SKALE is building a very comprehensive and actually very complicated ecosystem of blockchains. And there’s a lot of work by many different companies and projects and groups to build that connections between that ecosystem.

What is the latest development at SKALE?

Anita Mlakar: 15:34

Okay, thank you. So, Jack, what is the latest development at SKALE?

Jack O’Holleran: 15:39

Yeah, the biggest development, which many of you have heard about is SKALE V2. So SKALE V2 is live. And we call this the SKALEverse. And I’ll try to give people a non-technical analogy of what this means. So, most blockchains are just one database, it’s one chain. And what that means is they have a restricted capacity. And so, anytime you have a restricted capacity or restricted supply, then you actually have to fees help gate who gets access, and you look at a lot of these, some people call these monolithic databases or monolithic layer ones, and they can’t grow anymore, like look at Ethereum. Look at other chains will even as more nodes join, it doesn’t add more throughput. And so, the only way you can guarantee fast delivery times are by having increased prices, you have this essentially this elastic price curve. So, if you think about taking an Uber or a Lyft, rideshare product, a bolt, if it was always a fixed price, well, sometimes you might have to wait 30 minutes, but the price fluctuates, because people that are willing to pay more get access earlier, blockchains work the same way and SKALE is very different.

Jack O’Holleran: 16:51

SKALE doesn’t have a fixed supply. As more nodes join more chains can be created. And what we have is what I like to call linear scalability. linear scalability just means the scaling is not fixed as more nodes joins or computers join the network, so does the ability for the network to process transactions.

17:12

Now, think about it as a traffic, all right. And let’s pretend you know monolithic layer ones, or single block chains are one lane in a highway. And imagine the big like, let’s say you’re in going through San Francisco, you’re going to the one on one, or, you know, pick the biggest interstate or whatever country you live in, during traffic time, everyone has to use that lane. What SKALE is, SKALE has all of these like pay lanes, where cars can go hundreds of miles an hour. And as more concrete comes in more roads can be built. And so, you don’t have a fixed amount of traffic lanes. SKALE, lets there just be instead of one lane, it lets there be this unlimited quantity of lanes.

17:58

So, at its core, what we’re doing is we’re changing the way blockchains work by enabling a non-fixed supply. Now, I want to one last this a long answer. One last comment. Why does this matter at the end of the day, it matters because you can have a zero-gas fee environment. There’s zero gas use for end users. Now there’s still payment made, and it’s made in SKALE tokens. There’s a whole economic built that we now are very close to issuing a full public, we had to simplify this crazy spreadsheet that took 18 months to build so people can understand it and use it for governance. And we’re going to have a whole series talking about the economics. But the end of the day SKALE has unlimited capacity and zero gas fees for end users. And that’s really what sets it apart from whether it be layer twos or layer ones, which SKALE has, you know, the reality is we have the best of both worlds, which enables SKALE to do the unique things that it does.

Anita Mlakar: 18:58

That’s very impressive. And I see that also. everyone that is watching is writing how impressive that is. I was actually watching your live video when you announced that V2 is going out and you were really excited about it. So, it is an important thing.

Jack O’Holleran: 19:15

Yeah. The core team and all of the open-source contributors, the validators, developer partners, technology ecosystem integration partners, everyone worked. I mean, literally around the clock it was one of these pushes where the last four months, I mean, I’ve been getting up at 5 in the morning and going to sleep at midnight and everybody else was doing the same thing. So, we were pretty excited when it launched. And the way I describe SKALE is, we launched unfortunately a year behind the monolithic layer ones but we’re a year ahead of the modular layer ones. If you go look online, there’s all these new projects are getting funded that have linear scalability and modular blockchains and parallel processing of chains and SKALE has that today.

How many projects are live on the SKALE network?

Anita Mlakar: 20:06

Wow, we have a lot of questions also from our audience, from members of our communities, we’ll go to them in a second in a minute, I still have a question for you how many projects are now alive already at SKALE?

Jack O’Holleran: 20:25

Yeah. One, SKALE V2 went live about, I think it was like a month and a half ago. And roughly 10 or so projects that were on V1, because one of the issues we had is switching from V1 to V2 was not possible and so it takes actually like a porting over. And so, a lot of our partners that were going live on V1 decided to wait for V2, we now have about 40 projects in the process of literally going live right now many of them have already been live or gone live or have been announced. There’s over 200 projects that are in some phase of building and testing and working with our team, and you know, running test nets and going through the process.

21:13

So today, I would guide everyone, if you want to go use V2, go to Ruby.Exchange, and you can actually trade and use V2 in a live environment, it’s very inexpensive to bridge from the main net over to SKALE, it takes less than a half a minute and most cases depending on your internet connectivity and Ethereum gas times. And you can also go to Block Brawlers which is live and so on V2. All of the other V1 chains or products are coming over, there are actually 28 chains, 20 blockchains, live on SKALE V2. All the applications are moving over from V1, and the other ones are going live and there’s a lot of integrations happening too. There’s Fiat on ramps, there’s different ecosystem tools, the graph and different Oracle solutions are plugging in. So, there’s just a ton of work in the plumbing. And I can talk a little bit about gaming, but there’s some huge games that are coming over from other chains, and other ones launching live that will be going live very soon. And it’s really like a phenomenal place for gaming because there’s zero fees.

Tell us about the 3air integration to SKALE:

Anita Mlakar: 22:24

Yeah, we’ll be talking about zero fees, because there’s a question coming up from someone and also about games and NFTs. But just 3air. So 3air is a project that it’s not really live yet on SKALE but I would really like to hear about 3air’s Integration on SKALE and what is plant a little progress update maybe.

Jack O’Holleran: 22:47

One thing I’d say is I mentioned these, like 200 partners that we’re working with, that are building, that are integrating and 3air is one of those and Sandi here, but, and Sandi can give the details. But we are incredibly excited about bringing zero gas fees to the 3air community. And it’s also for us, it was really exciting to see an actual, like major telco carrier see the value of Web3, and have that, you know, integration and business alignment with the 3air communities. So, Sandi, we’d love to hear your thoughts on our, you know, the rollout timeline and integration and all that stuff.

Sandi Bitenc: 23:26

Yeah, absolutely. So, I need to say from our side, everything was done really fast. We got our test chain spun up in a really short window of time. So, on our side, the development is right now focusing on Africa. And as you said, you know, you were talking about the zero gas fees, in Africa it’s really, you know, I would say that was the probably the most important thing. And besides having a normal level of security and speed. Really the zero gas fees are a game changer for people in Africa. In every sense that is really important.

24:23

So currently, we are working in Ethiopia and DRC. And we do need our infrastructure there. So, in the background, we are also developing all the products we need. And so, our software needs to go live when we connect the first lines before that it doesn’t make sense to have an app that doesn’t have a product behind it. So, launching an app without being able to connect people to the internet. It doesn’t make sense. We are in process of deploying NFT marketplace that’s focused on supporting artists from Africa. So, this will be for sure live in the next month, probably by the middle of next month, we’ll have live the NFT markets, and then with time we’ll be adding, additional features to the app. So, the NFT marketplace, NFT have a utility will actually be to connect to the Internet with a whole NFT. And this leads to our digital identities.

25:57

So, this is actually a test app that we have. So, this is how a verifiable claim looks like and that’s already working on our test net. So how it works is that a credential issuer- at first this will be 3air, so a client will come into our offices, we’ll be able to identifying there. And then we’ll also issue to him a verifiable claim that he then stores in his digital identity, and it’s just going to be by scanning a QR code. And then once you have this, this is going to be stored on your device and it will be connected to the blockchain, on the SKALE chain will build a special- So there will be a connection that’s going to connect the verifier to your data that’s stored on your phone, actually, and you won’t be able to change it yourself, but you can actually control who you’re giving to. So, this is how the verifiable claims and digital identities will work.

27:43

They’ll also be connected, they’ll be able to actually read your NFT. So, they’ll know what NFT you hold. And this will also then give us the ability to connect you to the right internet. So there the identities are there to identify you and then on the NFT, you’ll actually have your internet, monthly subscription stored. So, this is how in theory, it will work. The digital identities are here already. So, we are running this test in our own testing environment in Sierra Leone. So, from then on where we are implementing it is DRC and Ethiopia. And that’s going to come the full integration is scheduled for, looks like Q1 of 2023. So just around half a year.

Anita Mlakar: 28:50

Okay. You had a little problem, I have to tell you with your connection, but we did understand you. And we did hear you. But I also see that our participants said that they had some problems with the connection, but I think we’re all good now. So that you know, okay. There are a lot of questions coming in not only before this AMA because we invited our people, of course to ask questions, but also now all the time. There’s so many questions. So, let’s just check a couple of questions that were sent to us.

How does SKALE have zero gas fees?

Anita Mlakar: 29:27

Now, the first one is from rocket, and he says you mentioned, of course, Jack for you. You mentioned that SKALE has zero gas fees. So, can you explain how SKALE network can do this? Also, what could be the advantages of this feature?

Jack O’Holleran: 29:46

Okay, so I’ll give a quick answer to this. So, if you think about it, again, most blockchains are a fixed capacity of compute power. They’re one single blockchain. SKALE has the ability to make many blockchains and so what that means is the SKALE network can divide the throughput or the network resources up by application or groups of application. And so, when you have that type of model, you can actually introduce new economic models. And so, what SKALE does is, SKALE lets like 3air for example, get SKALE tokens and pay in advance and pay an entire year in advance for that compute power. Now, they still pay for the gas fees, but the gas fees effectively are paid by a chain renter, in advance. And so, anytime you buy compute power in advance, it is like 20x to 50x less expensive than buying it real time that’s number one.

30:42

Number two, when anytime you have a non-fixed supply, but an elastic supply resources are dramatically less expensive, too. And so, one; SKALE lets companies projects douse groups pay rather than end users and two; because of the elastic supply and prepayment model, just in general, it costs less. So those things combined. Also, there’s an economic elastic supply curve for chain pricing, that makes sure that the supply and demand of chains always is in synchronicity, that there’s a supply that demand harmony, those components together, let there’ll be zero gas fees and still have economic viability across the network. And that’s the thing. If there are no gas fees, then eventually this thing would die because even decentralized efforts have to be economically viable. They can’t live forever on subsidies. And so, the series we’re launching soon to go over economics and all the community tools will go into that for those that really want to go deep. But at the end of the day, the payment still happens, but it’s less in advance by a different party.

How does SKALE optimize scalability and improve user experience?

Anita Mlakar: 31:56

Thank you. Next question is from Cindy, what is the core solution that SKALE brings to users today? How does SKALE network operate to optimize scalability and improve user experience?

Jack O’Holleran: 32:10

Yeah, that’s a really great question. One of the main- So I have a lot of descriptions for SKALE. One thing I like to talk about is, I like to talk about SKALE as a user experience focused blockchain. It’s a blockchain that’s all about user experience. And so, if you remember one thing today, it’s zero gas fees and speed. SKALE is so fast. Users don’t want to wait around for transactions, they don’t want to pay, you know, it’s like you can go to another blockchain network and you can pay $100 or $10 or $1 and wait five minutes or 10 minutes for the block to finalize and someone might front run you, or you can have an instant finality for free on SKALE. And that’s what SKALE provides. And it’s all thanks to a lot of really deep technology and phenomenal validators. And all of the people out there staking in the network, there’s a lot of people to thank for that. But that’s what I would tell people is it’s those things, it all boils down to user experience. If the user experience is not good, we will never have millions of daily active users or let alone hundreds of millions of daily active users on blockchain products.

Do you have plans to collaborate with game developers or NFT platforms?

Anita Mlakar: 33:23

That’s true. Next question, focusing on GameFi and NFTs development on blockchain, that has become a current trend. So, do you have any plans to collaborate with game developers? Or NFT platforms and is SKALE database systems sufficient to meet the needs of game development or NFTs, that’s from Fifi.

Jack O’Holleran: 33:47

Yeah, so that’s another thing I want to call it is, NF T’s there’s actually, like zero cost to mint an NFT on SKALE, and zero cost to trad it and move it. And imagine if you’re a game developer, and you want to have a lot of blockchain computing. Another piece is just zero gas fees, but SKALE also doesn’t limit the block size, because you’re not sharing it with all these other users. So, there’s almost double the block size, which means it’s like you think about how much gas or how much energy can go into a transaction. Well, there’s a lot that can happen in each one in SKALE. And so, this is why in the last couple of weeks, you’ve seen Snook which is top five ranked game on Polygon right now coming over to SKALE.

34:34

Crypto Colosseum, which for a very long period of time, was always in the top 10 or 20 on Polygon and then made a decision a long time ago or fairly long ago to shift all the efforts towards a new game reinvented game called Larva Maiorum, that i a fighter game with mass and there’s just incredible lore. But that’s a top blockchain team that’s now again, leaving polygon coming to SKALE and forever top 10-20 until they, you know, shifted efforts off that game. We also have Crypto Blades and Prospectors coming over from WAX that have many, very frequently been in the top threshold in the WAX ecosystem. So, these games, Block Brawlers just went live, people can play that. But there are so many games that are coming to SKALE and going live on SKALE, and I talked about the 200 and gaming is a phenomenal area to really, it’s not a gaming only network, but gaming is going to just pave the way for this ecosystem, for other people to come in and so we’re really pumped about gaming.

Sandi Bitenc: 35:44

Yeah, I really liked the blockchain idea of owning your own gameplay and all the resources you’re using it. I’m also part of a few of those gaming communities and so on and it’s just amazing. And I’ve been thinking a lot in what we could do with 3air and gaming. And there are so many people in Africa, right now, they just don’t have the internet connection. And for sure, our biggest advantage is that we can give them that internet connection because our technology is capable of connecting millions of people in Africa. And we can do it pretty fast and pretty efficiently because we do everything over air with our own technology. And there will be a lot of a lot of new people joining into crypto directly.

36:46

As we also seen in the past with, with some of the big crypto games, they tend to have the biggest communities in developing countries. Because it makes sense, if you can make an extra $50 or $100 per month with playing a game, it’s a game changer in these places. It would make a lot of difference for you and me getting $50 or additionally per month but then there it’s actually life changing. So, there is a lot of thinking going on how we can get the people that we are connecting, educating them about the blockchain possibilities and just getting them on board, also with some additional revenue streams that will for sure come powerfully from gaming also.

Jack O’Holleran: 37:45

Yeah, so Sandi, and that’s something I think we should take a little time to talk about. It’s 3air opens up play to earn gaming on SKALE in a transformational way. Right now, I’m looking at, www.blockbrawlers.com, in the play to earn you can win anywhere from 3 to 30 Brawl. And so, I believe that token, it’s going liquid, it’s starting at about 15 cents, so you could win $4 in a match. If you win, now it’s a game of skill. So, it’s going to take some effort to like, build up and time to like, build up the right characters and learn the strategy of the game. But I’ve been watching this pretty closely, there’s not a huge, I mean, there’s not 10s of 1000s of people playing, there’s more 1000s playing, but it is in huge amounts of players are playing because they know this.

38:43

Now imagine if you’re in Sierra Leone, you’re in a place that doesn’t have fiber internet or dial up internet and you’re able to get that like microwave that direct shot from 3air and get like high-speed internet at your home and play zero gas free play to earn gaming, it opens up an entirely new play to earn gaming field. And again, this is not just like, you know the economics or sound here like you have to win. If you want to win even more, you have to put Brawl tokens in to play in the arena. But you can literally just play to earn and it’s a piece of this whole gaming ecosystem and there’s many other play to earn partners coming so anyways, I’m pumped about you know, getting these games out through the 3air community and users in in all the developing countries that you’re supporting.

Sandi Bitenc: 39:32

Excellent! that’s the thing that we are also thinking about. So, internet is empowering and although we are speaking about games right now, in the end if it makes you your daily bread, why not? It is empowering in that sense.

Jack O’Holleran: 39:53

You saw that happen, especially in the Philippines, Vietnam, Indonesia. There’s a lot of people playing XE and other PDE games now, some of these games did not have viable economics. And it was a kind of race to the bottom with the bear market. And so, the games, a lot of the games we are partnering with have a different approach to economics, a different approach to bootstrapping. And at the end of the day, these are all liquid market tokens when it comes to play, they’re in gaming. But again, you see a lot of parts of the world where play to earn gaming really took off. And it’s obviously not taking off in areas where people don’t have internet access. It opens up a new economic model into different parts of the world.

Anita Mlakar: 40:42

Great ideas coming together. That’s just great. Okay, Jack, are you up for another question?

Jack O’Holleran: 40:48

Yeah, let’s do it. Let’s get it going.

How important is the community and how can the community help the project?

Anita Mlakar: 40:52

So, Bat or Shin is asking this question, how important is the community to you and how can we collaborate or help you for the development of the project?

Jack O’Holleran: 41:04

Yeah, well, if there any SKALEians out there, hello. I love the SKALEians, I am the SKALEians. And so SKALEians are the name the SKALE community has given themselves for the people who are, you know, out there, on Twitter and in Telegram groups, and that know about SKALE, promoting SKALE. So, if you think so, community is absolutely critical to blockchain success or Web3 success because these are community owned properties, okay. And so, I’m also excited for us to launch on chain voting in the near future and give even more power to the community. I’m excited about a lot of them, you know, just the other things we’re going to do to empower community with the economic model. More staking partners that will have a kind of off chain lower period of lockup staking just to give more and more power back to the community.

42:01

So, anyways, at the end of the day, community is the most important thing in crypto in addition, I would say, community, technology and execution and without community it’s so funny, you go talk to like the like top, analysts and VCs and liquid portfolio managers of crypto, what are they trying to figure out? They’re trying to figure out what the communities are doing, right? They’re also trying to figure out the tech stack and who has these product market fit advantages and traction, but they’re also saying, where’s the community going? Because the community brings awareness. The community brings users. Community brings execution. And not just to the project, but to the applications in around the project. So, I’m excited about the 3air community also joining and being part of SKALE as we go live, and also the SKALE community supporting 3air as our product integration goes live.

Anita Mlakar: 42:56

Yes, Sandi, we also agree how important the community is, right? And we have a great community here.

Sandi Bitenc: 43:02

Yeah, absolutely!

What motivated you to develop SKALE?

Anita Mlakar: 43:04

Okay, here’s another question from Thomas. We did talk a little bit about that. But still, it says every project has an interesting story before it is created, what motivates you to build and develop this project?

Jack O’Holleran: 43:25

Yes, I think so. I’ve been an entrepreneur for a while I started my first company in 2008. And I was at a fairly early-stage startup before starting 2005. So, I’ve kind of seen a lot of startup stories. I’ve also coached and advised many teams and invested in many teams and SKALE came together. And what I would say is one of the absolute best ways as an entrepreneur to build a company because it wasn’t intentional. We didn’t wake up one day and say, “We will build SKALE because of this”.

43:38

What happened is I wanted to build it out. I had four different application ideas I was noodling on and thinking about Stan Constantine Kladko, my co-founder or Stan had four different ideas that he was working on. All these were application ideas, and we kept running into the same wall of gas fees and execution times. Ethereum, can’t scale this is when crypto kitties was crashing the theory of network. And so, Stan being the like the technical visionary he is and my brain and around just being able to do product market fit and technology strategy. We realized that instead of just solving our own problem, that we could be this component that solved the problem for other people building applications.

44:05

So, our problem drove, guided us and also guided us to our strengths. We each know how to build technology, infrastructure, and middleware and deep tech components through our careers. So, it actually was even a greater strength than us building an application. If we were purely building an application, we would have been on new footing and new terrain. So, it was kind of a nice story of from an entrepreneurs perspective, because we had the problem ourself, and so, you know, we knew other people would have that same problem.

What is the long-term vision of SKALE?

Anita Mlakar: 44:23

Okay, let’s do one more before we maybe then go to the winners, do the giveaways. Because this is, I think, such a great question. For conclusion, maybe. It says a good project always has competition and duplication of ideas. What is the long-term vision of SKALE in the blockchain market to keep up with the trends, with technology, community and related issues? Alexander is asking this question.

Jack O’Holleran: 44:42

Yeah, so and so it’s, I guess, can you repeat the last half of that? Sorry. It was a long question.

Anita Mlakar: 44:47

So, what is the long-term vision of SKALE in the blockchain market to keep up with the trends, with the technology, community and related issues?

Jack O’Holleran: 44:54

Yeah, so I would just again, go back to the world is moving to modular blockchains, or linear scaling, in terms of blockchain throughput, okay. We will not live in a world of one blockchain, we will live in a world of many, many block chains. And SKALE is a year ahead of anybody else who has a multi chain network, multi chain doesn’t just mean all these disparate, poorly connected ecosystem. SKALE is many chains that are tightly together in one group that all share security together. And so, the piece I get most excited about is we have now where the future is going. Now our challenge has been, we have been builders. We haven’t been out there, a lot of people focus way more on pumping a token. We’re like the geeks that have, you know, 80% of our company 90% of our company are engineers, okay. So, so the piece where we’re moving forward as we need to learn. And we are learning and we’re getting far better at this, but we’re learning about the growth and awareness marketing component, and I am excited how that’s coming together. But the most important thing is you need to have that core, that tech core and SKALE has a community and as a project has that.

Anita Mlakar: 46:46

Yeah, Sandi, I’m just looking what everybody’s writing. So, we have not enough time. For all the questions that are coming up today. So yeah, maybe we should do it another time. Also, you know, second part, what do you say, Jack?

Jack O’Holleran: 47:00

Yeah, that’d be great. Let’s, do it again, in a month, and I am also excited to see the integration start coming together and the EVM components, I know, 3air is building a highly complicated project and technical execution. So, it’s going to take a while, but I’m excited to see that come together and bring gasless transaction to your community. And I see a lot of really phenomenal questions that are popping up. And I mean, it’d be interesting, yeah, to come, you know, get on the 3air Telegram and 3air Twitter and post these we’ll try to answer we can get on the SKALE Telegram, SKALE Twitter, post these, and we’ll try to answer what we haven’t been able to answer today. But I think it’d be a great idea to do this all again, at some point.

How do you make time for yourself?

Anita Mlakar: 48:31

Okay, because there are really a lot of questions. I just have one more. It concerns you, Jack, maybe that. What how do you take time for yourself? Or let’s say, what does make you happy besides, of course, business?

Jack O’Holleran: 48:51

Yeah, I mean, so I have to say, well, I’ve got kids, that takes up a lot of time. It’s got three kids under five, so and you know, that and clearly working a lot. So that’s my life and it’s good. I mean, I feel like I’m somebody that likes to have a lot going on and it’s, you know, but I also feel like I even though I’m working incredible hours, I never feel like I’m working because I feel honored to have a position to be able to just move the ball forward in Web3, this is a transformational time for society. And every day I go to work, it’s intellectually stimulating, and I believe in what we’re doing, I believe in the mission.

Anita Mlakar: 49:40

Thank you very much.

Sandi Bitenc: 49:44

Sometimes it’s strange explaining this to other people, but we actually enjoy working. It’s like, almost, it’s not even about the money anymore. It’s about building something and achieving some goal and in this is what then gets you kind of the satisfaction, the happiness, it’s actually fun to go to work most of the time.

Jack O’Holleran: 50:08

Yeah, I mean, and it’s sure there’s stress and there’s timelines, and you’ve got these full communities there that are relying on you and to deliver every day and relying on you know, obviously everybody working on the project to deliver but, you know, it’s all just you get up every day, and you have a clear, very clear purpose and it’s fun. And I think anybody thinking of working in Web3, I highly recommend it because it’s a very rare thing to be able to, like, do something fun and intellectually stimulating, do something that’s good for the world and do something that is economically viable for lots of people. And so, yeah, it’s got this interesting Venn Diagram of overlap in terms of career, and you know, I just feel like, it’s still very early, and the best time to start working in crypto and Web3 is in the bear market.

Anita Mlakar: 51:04

We have so many great comments here, Jack, we will look them later. Also, the questions that remain here, and there will be an opportunity to answer them, I would really like to thank you for taking your time, precious time to be with us. And of course, for answering all of those questions, hoping that we will continue this at another time and Sandi, if you’d like to add something?

Jack O’Holleran: 51:28

Sandi let’s bring play to earn gaming to Africa, okay, to low internet access areas in Africa. Gas free play to earn gaming.

Sandi Bitenc: 51:39

We’ve been talking about that already. Not our subject, but with our community and everything. And for sure, this is going to be really huge in Africa. There are so many people there that would love to do it just they don’t have right now they don’t have the ability to do it. So, if this is going to be a game changer, and we already are talking with some game guilds that are being kind of established there. But let’s just see how we can literally make the projects that are launching on SKALE work together. And just you know, we can drive a lot of users, because we’ll be taking the users that are unconnected, connecting them to the internet and putting them on the SKALE chain. And you know, there is no problem in sharing the users, right? It’s not taking any value away from anyone. It’s just giving everyone additional value. That’s it, and we should share that. That’s for sure.

Jack O’Holleran: 52:52

Awesome! Excited for the next steps.

Sandi Bitenc: 52:56

Yeah.

Jack O’Holleran: 52:57

We’ll have to go and repeat this.

Sandi Bitenc: 52:59

Thank you very much.

Jack O’Holleran: 53:00

Thank you! Thanks for having me on.

Anita Mlakar: 53:03

Thanks for this great AMA. Thank you, Jack bye.

Jack O’Holleran: 53:07

Bye.

Brief market update of the past week:

Anita Mlakar: 53:08

Bye. Okay, Sandi, that was so great. That was amazing time. Now we have to do something else before we end this AMA.

Sandi Bitenc: 53:19

Yep. So, there’s, we need to give away some tokens, right? So, there’s still time for if anyone still didn’t go to app.3air.io. You can go there and still sign up. We’ll give you a minute or two still. I think I said I’ll give a bit of a short update on the market, what’s happening in the last week and so on. And it’s just been the standard- We’ve seen a bit of green days and now today and yesterday again, some red days. Nothing really bullish on the horizon at this point in time. What I liked is actually Gary Gensler was talking on TV and he was again stating that Bitcoin is a commodity so it doesn’t fall under the SEC. Hopefully some of the other Cryptos will also follow but it’s good for the whole crypto space. He also said some let’s say negative things about it that it’s really volatile and those things.

54:46

Harmony chain got hacked. I think it was around $100 million hack, and it’s being investigated. I think that the hacker got an offer to give the $100 million back in they’ll give him a million over reward. So, and he would do it, right? So, there was still some more FOD regarding Three Arrows Capital. So, Three Arrows Capital, it looks like they’re really gone. You know, the biggest VC company in the crypto space went down they’re illiquid, I don’t even think that they can find the owners right now, the founders, and they made some bad calls. And it started with Luna teardown, so, we are paying a lot of price right now for that. And the fear and greed index went a bit up because we had some green days, I think.

55:54

Then Voyageur exchange was limiting withdrawals. They also were heavily invested with the Three Arrows Capital, but FTX came in gave them a big loan, I think they gave them a 250 million loan or something like that. But anything else is really not so great at this moment in time. We are in a recession, everybody is now starting to talk about that there might be a recession, but I do believe that the recession is there. What I do think is that we might see, you know, the inflation coming down pretty soon. There’s been so many things have been right now. And the production has been ramped up in the last few months when we had the big, big expansion. And now this is going to come onto the market, I think and now we don’t have the demand anymore. So, I do think that the prices will come crashing down quite significantly in the next few months. And then maybe then we’ll see some more better stance in regards to the whole economy that the markets will start picking up again.

57:18

Still waiting to see what’s going to happen in the next few months and when we can launch our token. So, that’s just a quick market update. Nothing, really special going on right now. So, we are not seeing the turnaround yet.

Selecting the giveaway winners:

Anita Mlakar: 57:37

Thank you, Sandi for this update. Okay, now are we ready to let’s just remind you all what we will be doing in the next couple of seconds. So, we will do a random selection of the winners. We are having a giveaway 3x 100, BUSD from 3air and 3x 100 USD from SKALE and so we have six. Sandi, we have six prizes for all of you who were with us and did what you had to do. Sandi did talk about it at the beginning. So, I do hope that you did enter this giveaway and now you will have of course the opportunity to be among the chosen ones. Are we so far Sandi?

Sandi Bitenc: 58:28

I think we are let’s see how this works. I literally didn’t test it. We just we wanted to do something that we don’t need to pick out directly from the YouTube chat because it’s really hard to verify anyone there. So, and it’s also not really randomized. It’s as random as we are then. So, this one is totally randomized. And with click should pick one bullet I do. I do hope it works. So, let’s see.

Anita Mlakar: 58:59

Let’s give it a try.

Sandi Bitenc: 59:01

Okay, so I think we should have the first winner. Let’s see. Yes, we do have. So, the first winner you know this is the start and end of the of the wallet. I’m pretty sure the winner will recognize it. So, let’s pick the second winner for the second 100 BUSD. And do we have Yeah, so that’s the second winner the second. By the way, you still have the time to enter and until we pick the sixth one you still have the time to enter and there are almost 100 people in the giveaway right now. So, let’s go and pick the third one.

Anita Mlakar: 59:50

Okay, who is this third one?

Sandi Bitenc: 59:55

Okay, so this is for the 100 BUSD and now for the $100 worth of SKALE token.

Anita Mlakar: 1:00:05

Yes.

Sandi Bitenc: 1:00:09

And now we get two more. And you just have maybe five seconds left to enter.

Anita Mlakar: 1:00:20

Last five seconds and the last one.

Sandi Bitenc: 1:00:29

And that’s it.

Anita Mlakar: 1:00:29

Oh, wow, that was exciting.

Sandi Bitenc: 1:00:33

Congratulations to all the winners. We will contact you through the email that you that you put in and we will arrange everything, and you’ll get your tokens to the wallets that you register with.

Anita Mlakar: 1:00:50

Yes. Congratulations. And once again, thank you! thank you for being with us. Thank you for being a part of this AMA through the week, when you were asking and sending questions, it was a great attribution. I’m really happy for that. And thank you for all the comments, all the questions that are coming in today. You’re really a great community. And we are happy to have you here. So, stay with us. Stay around on our channels. Do join us on YouTube, on our AMAs every Wednesday at 5pm Central European Time, subscribe to YouTube channel. Follow us on our social networks. We really appreciate your part. Thank you. Thank you, Sandi for being a great guest again. And of course. Thanks, Jack again for being with us today. I really enjoyed it.

Sandi Bitenc: 1:01:38

Yeah. It was a really nice one this time. So, I hope to see you in Maribor soon.

Anita Mlakar: 1:01:46

Yeah. You never know when I’ll show up. Give me some break. I’m just joking. I’m joking. Of course. I’ll be coming back very soon. I’ll be back for the next AMA for sure. Okay. Thanks to all of you. Have a great day. Bye.


Tags

communityamavideo

Subscribe to our mailing list to stay up to date

3air

3air

3air is the world's first blockchain platform that helps individuals and businesses thrive on WEB3 with broadband internet. We're on a mission to bring blockchain and banking to the next billion.

Related Posts

3air weekly AMA, May 10, 2023 - Roatan Defi Conference Report and Q&A

3air weekly AMA, May 10, 2023 - Roatan Defi Conference Report and Q&A

This is a transcript from our weekly YouTube live AMA: SPEAKERS: Anita Mlakar, Sandi Bitenc and…

Quick Links

TechnologyAfricaCommunityBankingTokenGuides

Social Media