Web3 vs. Web2 incentives for tangibly helping the developing world :: with Daniel Wilson, PhD

07/26/22 • 9 min

In this episode of Ventures, I introduce and play an important clip from episode 97 with Daniel Wilson, PhD (https://www.linkedin.com/in/daniel-wilson-phd-46956b35/) regarding the importance of Web3 to help humans flourish around the world. We talk about how while incentives for traditional organizations (e.g. banks) are often not compelling enough to provide the same services that developed nations enjoy, Web3 - especially Decentralized Finance (DeFi) - allows unprecedented access to quality financial services. We also talk about how a multidisciplinary approach to Web3 in the developing world is critical, and we discuss the work that Daniel is doing right now to help more language communities participate on the Internet.

Visit https://satchel.works/@wclittle/ventures-episode-107 for detailed notes and links to resources (videos, articles, etc...) mentioned.

You can watch this episode via video here.

1:39 - tee-up for the clip, in light of Daniel’s background in human language technology, how does he see Web3 - at its core - helping humans flourish globally? Core pieces of infrastructure are being put in place to give people unprecedented opportunities for development without the same ol’ paths to corruption.

3:25 - The amount that people save in life - all of a sudden, via a decision from one corrupt person, can devalue the currency and wipe out that value.

4:03 - Institutions (like banks) don’t have the kind of incentives that they do in developed nations. It is too risky for them. Web3 changes this.

5:07 - Terms DeFi, DAOs, blockchains, metaverse - combined with all the disciplines - is why Web3 is such an important and exciting area right now. Human challenges vs. technology challenges.

6:47 - What Daniel is doing right now in Web3 to help move things forward. (compassionate innovation...advancements in human language technology.) “If you don’t speak a language that is on the Internet, then you are still left out”

Best way to get a hold of Brandon online to continue the conversation. Twitter: @danwils (academic) @geoframeai (web3 & smart stream) // Also: @_smartstream_ // LinkedIn: https://www.linkedin.com/in/daniel-wilson-phd-46956b35/ // email: [email protected]

Visit https://satchel.works/@wclittle/ventures-episode-107 for detailed notes and links to resources (videos, articles, etc...) mentioned.

You can watch this episode via video here.

3:25 - The amount that people save in life - all of a sudden, via a decision from one corrupt person, can devalue the currency and wipe out that value.

4:03 - Institutions (like banks) don’t have the kind of incentives that they do in developed nations. It is too risky for them. Web3 changes this.

5:07 - Terms DeFi, DAOs, blockchains, metaverse - combined with all the disciplines - is why Web3 is such an important and exciting area right now. Human challenges vs. technology challenges.

Previous Episode

The Otherside Metaverse: A powerful new medium for brands, entrepreneurs, and social impact :: with Jesse Bryan

In this episode of Ventures, my guest Jesse Bryan (https://twitter.com/jessebryan) and I talk about our experience on the first voyage within The Otherside (https://otherside.xyz/) and the resulting implications for brands and people IRL. During this episode, we overlay video of our experience, talk about addressing skeptics, the Otherside litepaper, what can be built on plots of land, how brands should be thinking about The Otherside, and how specifically entrepreneurs can - and should - be thinking about impacting the world with metaverses in general.

Visit https://satchel.works/@wclittle/ventures-episode-106 for detailed notes and links to resources (videos, articles, etc...) mentioned.

You can watch this episode via video (including scenes from Will’s first voyage within The Otherside) here.

2:28 - What happened on the first voyage of Otherside? What is the backstory here? What was Jesse’s experience?

5:07 - Will’s skepticism about what was going to draw people into Otherside vs. the 20+ other metaverses out there. (Shares his experience of the first Voyage)

6:20 - Jesse’s commentary on why every brand is going to need land and experiences within the Otherside.

7:05 - When you login, you are your personality. NFT as identity. Extensibility. Why it’s important for Brands.

8:52 - The audience for Otherside is going to be huge.

9:50 - The promise of how this impacts the world IRL. Impact Ape/Island/Mountain/Land. https://twitter.com/impact_ape

11:30 - Otherside litepaper https://otherside.xyz/litepaper

12:28 - Commentary on the litepaper

14:32 - All the things coming together at once. Technology and Web3 and branding and marketing and gaming. What you need IRL for land management and building, you’ll also need in the Otherside. “Metaverse Architects”

16:37 - “Island” vs. Plots of land. Numbers. What’s coming. (overlaying some video)

19:08 - We don’t know a ton about Otherside yet. The roadmap is still not super clear (but enough to keep folks interested).

19:42 - We thought this was a couple years away.

20:01 - Interview with Nicole (Yuga CEO). https://www.youtube.com/watch?v=Ehw2iM0A5H4 // Otherside as more inclusive...trying to get the price point down.

26:25 - Experiential marketing IRL and, of course, in metaverses

27:28 - General market coverage of the Otherside?

28:27 - How can metaverses help people IRL? Impact Ape helping the world.

28:50 - Jesse setting up the concept of Impact Ape / Impact Island

30:19 - How big will these land sizes be?

31:25 - Think about your land like Disneyland, jumping between lands.

33:22 - Source of Will’s skepticism... Insular Yuga community? Or bigger than that?

34:38 - How do new things start? (Analogy from the Roadster)

37:50 - Amazement in how far Yuga has come in about a year.

39:38 - Contact to learn/discuss: https://twitter.com/jessebryan - https://twitter.com/wclittle - https://twitter.com/impact_ape

Next Episode

Web3, Open Mobility Data, and the Digital Infrastructure for Moving Objects (DIMO) story :: with Andy Chatham

In this episode of Ventures, my guest Andy Chatham (https://www.linkedin.com/in/andy-chatham-a5a45825/) and I talk about Digital Infrastructure for Moving Objects (DIMO, https://dimo.zone/). We discuss the background and story of the project, why giving people an open platform for mobility data matters, the journey of creating and shipping a hardware product, parallels to the Helium network, keeping OEMs accountable, and the future vision of DIMO to create a positive impact on our world.

Visit https://satchel.works/@wclittle/ventures-episode-108 for detailed notes and links to resources (videos, articles, etc...) mentioned.

You can watch this episode via video here.

1:35 - Tee-up for the episode; why web3 matters, amazing story with DIMO to dive into.

2:14 - Andy background and story of starting DIMO

7:16 - Port on a car that can send/reveal data. More information about the device that DIMO has built.

10:35 - The future is we’re pumping out all this data, all the time. Web3 helps envision a future where we (the people) can own and monetize our data. A more tangible use-case to keep OEMs accountable.

13:50 - Describe the little black device that people can buy → https://shop.dimo.zone/

15:13 - Screenshare of the web/mobile user interfaces, and more description of the product.

18:23 - Incentives for consumers and incentives for developers

22:14 - Token models: How is DIMO thinking about the different types and models?

25:15 - How can DIMO prove the uniqueness of a vehicle?

28:33 - Value of getting data back in the hands of the people. What is the vision of DIMO? What is DIMO enabling for humanity?

32:46 - Safety, accountability, economic incentives, mobility data in general, a justice issue... other things that Andy would add to why this is valuable.

36:10 - Call to action. How can people get involved and follow up? https://dimo.zone/ // https://twitter.com/DIMO_Network