Episode 11: 0xJoshua | NFTP - The Biggest Social Flex in Crypto
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NFTP Final Mix
[00:00:00] Welcome to crypto sapiens, a show that hosts lively discussions with
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[00:00:34] I create a user-friendly on-ramps for people to discover decentralized
financial technologies through education, media, and culture.
[00:00:47] Hello everyone. I'm your host Humpty Calderon. Today, I'm chatting
with Joshua and chair of NFTP creators of rainbow rolls. We take a look at the
NFT project and its mission to fund public goods, including wiping away
medical debt for families in need. We also discuss what three native tools as an
on-ramp for institutions and individuals to increase their charitable giving and
potentially reduce their tax liabilities too.
[00:01:15] Let's get started. Why don't we get started with you, Joshua, give us
a brief introduction to your crypto journey thus far, how it got started and really
how that evolved and developed into launching NFTP and rainbow rolls.
Josh
That wouldn't be a short story, so I'll try, I'll cut out a lot. I was doing, uh,
competitive intelligence, some refer to it as corporate espionage.
[00:01:45] We got the company IPO ready, and then they said, you guys have
six weeks to find another job of the company, or if you don't know, thanks.
And it was a pretty well paying decent field job. That was a lot of fun. And I got
a offer for 105 to sit in a desk in San Francisco, as I was taking a consensus
academy course at the time.
[00:02:09] and graduated from it, met some folks at consensus. Jacob Kelly,
who's the head of product at metamask, and they were hiring. So I ended up
going into consensus and that was, that was how I ended up, uh, down the rabbit
hole. And in web three, they went through one of their rounds. I got, let go,
went to Eth Denver, to find a job, found one.
[00:02:33] I started getting into, , that, that was at Opolis. We provide, , like
healthcare employment benefits for folks working in the web3 space, which is
what I need. Because I didn't want to pay for Cobra. So I started as a member
and then became a team member. Um, and part of that was getting into all these
different DAOs and becoming a community member and trying to learn about
the web three space and open source to Gitcoin and giving back and give us and
started embedding in all these DAOs and helping people onboard the web three
and thankless came along.
[00:03:04] so collecting all these great groups along the way. And helped me
learn and go down my web three journey. And so then when we got to a, it was
like Twitter argument between, this guy, Steven Cole, who's a infamous,
Bitcoin Maxie. Who's also a friend and, Hudson Jamison. The former
community manager, the EF, or they were arguing about, you know, he studied
sold all his Bitcoin because of something.
[00:03:33] And then, Steven said he sold all those Eths because of whatever,
but he sold his into toilet paper and I said, well, at least toilet paper is
deflationary. And it was the only joke I've ever told on Twitter. That was
actually funny and then a few things cascaded in there, uh, a bunch of like BS,
NFT projects, these just like cookie cutter.
[00:03:56] PFPs we're just selling out, uh, off of just copy and paste garbage.
And I was like, well, we should do copy and paste garbage, but, for public
goods. And then it evolved to maybe we shouldn't produce garbage. Maybe we
should produce something that's, very high quality. And so we got a very
talented artist that we were able to bring in.
[00:04:16] who's still anonymous and will definitely be producing more NFT
stuff. Cause I think that they really enjoy this experience. And then, yeah, we
started putting a team together and that's where Chair comes in.
Humpty
Cool. Yeah. What's up chair, give us a brief intro, you know, your journey as
well?
Chair
[00:04:38]Definitely. in 2016 I was at, uh, I was in the Joshua tree desert at an
unsanctioned rave. And we started talking to someone about, uh, how
interesting it was that Bitcoin had gone from 600 to a thousand. This person
turned out to be, an Eth dev, at the time and still is, and told me to very
seriously, sit down and look at a theory, um, because I was completely focused
on Bitcoin.
[00:05:13] this was like fall or summer 2016. And, by 2017, I had started going
down the teach yourself to code path because I had looked at solidity and
Ethereum and like, recognize that there was something happening. But I wanted
to validate myself the claims, like the incredible claims people were making of
how revolutionary this could potentially be a and then realized that I probably
needed to learn to read the code.
[00:05:42] To really understand. but then I had to learn to code so long story
short, I went on the self-taught software developer route, found my, got myself
a job at a healthcare, coordination app as a support engineer and was promoted
up to engineer, engineer. And so got my foot in the door from the builder
aspect, but it was not within the Ethereum space, then around, you know, just as
COVID hit, I met Josh.
[00:06:20] He was at Opolis. He showed me the path to having I'm married and
have a family, so need to be cognizant of things like insurance and things like
that. So, Found out about Opolis went completely web three at the beginning of
this year. And, um, at the end of August, when I, you know, the most busy I've
ever been and was telling myself daily, say no to everything that's coming in
right now, Josh pinged me and said, we're doing toilet paper NFTs, are you in?
[00:06:52] And I said, of course I'm in. And, and that's, so that's how we got
here.
Humpty
Oh, that's cool. So there seems to be a connection point between the two of you,
and independently too. It has to do with Opolis, which I think is a wonderful
project. And certainly one that I want to invite here as well, to explore, because
it's very different from, you know, a lot of other web three projects and I think
absolutely necessary too, but it's really cool that that is something that there was
a need there and.
[00:07:28] There was a, you know, and brought you two together as well. So
that's, that's really cool. It's also cool to hear that you had a web2 coding job,
you know, you saw the value in, in building or, you know, educating yourself
and how to code, but transitioned from that sounds like very quickly into a web
three
Chair
The goal was always web3.
[00:07:55] Um, and for a while, you know, I wonder now I think about now
why I came to the conclusion that I had to go, like cloud, like web two path
first. I just seemed like, I mean, that's what resources were most available at the
time. but the, the, the stack that I was working on was a Ruby on rails stack and
was, you know, um, you know, no solidity in there, obviously.
[00:08:22] So absolutely. Sort of coming up to speed from that end, but, I don't
know. It's interesting now to see the difference between the web two world and
the web three world, it actually validates my decision that, see how things work
over there and what we're doing here. It's yeah, it's pretty validating,
Humpty
I think, to your point in terms of like, why did you need to go and do that where
your goal was always to be in web three and maybe just maybe.
[00:08:52] It's because it's a bit of a psychological thing. Isn't it? Where we feel
like work in the traditional way is, you know, web2. And that's really where
we're going to find that work. It it's, it's almost a, probably a little more difficult
to comprehend that those same opportunities or more valuable opportunities can
be found in web three.
[00:09:14] And just maybe because it's not, so it's not such a common way to go
about, the way that we work.but also maybe at the time, opportunities weren't as
visible. So I wonder, do you think that with the explosion of DAOs that that has
made, you know, this type of work more visible and the onboarding experience
easier?
[00:09:39] Yeah, I think more visible, certainly onboarding. We will see, I think
we're just now going through the first. Public awareness explosion. We're just at
the very precipice of that. And it's probably through NFTs and everything that's
happening in Defi. but now DAOs are the main focus and we will see over the
next quarter, to year, how well we do onboarding the public.
[00:10:07] I think we have more attention. The space has more attention on it
than ever. And it's something I think about a lot, like proof of onboarding. How
do you know when someone, when you don't have to hold someone's hand
through the web three landscape anymore, and there's always that there's usually
a moment that you kind of, you realize, oh, you've got it.
[00:10:29] You're good. You know, you'll have some questions, but I think you
got it. And so, yeah, that's, we'll see, I'm not sure. It's, I try to onboard one
person every day. So I have my own experience. We'll see, as a space, like.
How many people stick her out. I think they'll stick around. She does a lot share
one every day.
[00:10:51] It doesn't matter. It doesn't happen. But then I get, like I get two a
week if I try to do whatever.
Jacob
So my, my answer to that question would be absolutely. Um, and similar to
chair's like, there's so many great organizations out there that are working on
onboarding, but there's no, because we're decentralized.
[00:11:07] There's no like official onboarding place. Like Bankless is a great
onboarder, index coop does a good job. And then the point of about NFTs being
the onboarding. Like, so there's this, this obfuscation of, I don't know, securities
law just law in general through, by like it's a company, but it's not a company
because it's a DAO and people will buy these NFT and they'll be like, wait a
second.
[00:11:31] Is that he's part of the community. We'll cover this community and
then they'll jump into a discord and that's like, oh, there's a token permission
chat. That's like, thanks, collab.land. And then, but who makes decisions for the
overall, the overall. Um, they're like, oh, this is a Dao. And so they start to learn
about the rails of web three through these NFT projects.
[00:11:51] But it's a very different onboarding than what a lot of us went
through. But like, if you started reading the bankless newsletter or the podcast,
or if you got the uni airdrop, because your friend made you use metamask one
time, all of a sudden you're now DeFi native and welcome.
Humpty
Well, let's get back on track here and let's talk about, you know, NFTP and
rainbow rolls.
[00:12:13] So can you describe the difference between the two?
Jacob
So, uh, and FTP was, we were in this group chat and I said, all right, we've got a
toilet paper project that we want to do. What should we call it? Um, and, and
Mitch was like an just immediately cause it's like NFT with a piano, so, and non
fungible toilet paper.
[00:12:37] Um, and then we were trying to figure out whether we should call
the actual suite, um, and FTE, because everything is using these alliterations.
And so we're like, all right, well, how do we create an alliteration for the actual
suite that is the 10 K project. Um, and I, I actually can't remember who was a
Kyle chair.
Chair
[00:12:59] We can credit you for coming up with no, I didn't, I don't think it
was Monday.
Jacob
Um, so we're just like their toilet paper rolls. And so what should, what would
be the alliteration? And then we were talking about sushi and they were like, all
right, rainbow rolls.
Chair
I'm a, I'm a sucker for alliteration. Um, we all are.
Humpty
[00:13:28] Okay. That's cool. So, and its current state then rainbow rolls is a
project that was developed by NFT. And so, as far as rainbow rolls is
concerned, you know, what does it, what does it really trying to do? Like how is
it differentiating itself from the NFT garbage?
Jacob
Yeah. So at, uh, spending one week at NFT NYC, there still wasn't anybody
who even came close.
[00:13:55] I met one other guy. I wish I remembered this project. Project's like a
plugin. Um, they were giving away 33% to charity. Um, I haven't seen any that
well, and then you've got a walkies. Um, a hundred percent of those go to
funding, open source, but none that were really focused on charity and open
source. Uh, so we are our project, every one that's minted, um, which is 0.1337,
the least amount of Eth, 16 and a half percent goes toward, Gitcoin 16 and a half
percent goes toward Giveth.
[00:14:28] And 20% goes to RFP medical debt. And one of the interesting
things about RFP medical debt and they've been great partners. They've got a
few representatives in our discord who will like pop on and answer questions
and do AMA and stuff. Um, they're, they're super happy. Uh, obviously we'd
like it for more of them to sell out, but so far we've, we've raised a decent
amount of for them.
[00:14:51] and what they do is they have, uh, they buy medical. That is
sometimes slightly older or has already been in collections for a bit at a massive
bulk discount. So, they're able to buy anywhere between like the newer, fresh
debt would be at like a 50 to one ratio. All the way to like a thousand to one
ratio.
[00:15:12] But the, last average we got was that they're buying the last bulk
setof debt that they bought was 90 to one. So when you do the math on, um,
what is it? 20% of 0.1, 3, 3, 7, Eth ends up being like, what is it like 650 bucks
or something? Um, I did the, the final part of the math was, um, when you
multiply it by 90, which is the ratio.
[00:15:35] Every, every single roll minted actually wipes $11,500 worth of
medical debt, which, yeah. When, when you're like, it's like, you're thinking
about a family or like not even things that are you just, you step off the curb and
you get hit by a bicycle and now you've got a broken leg and your insurance
only covers most of it.
[00:15:54] Like you you're on the hook for that deductible because most people
have trash insurance. So you have to pay for the first five, 6,000. And then that
debts going to collection. So, being able to wipe just a less than 1000 per is just
it's life-changing for people who have that debt.
Chair
Uh, since we're, since we're talking numbers, I have them in front of us.
[00:16:18] We have a big DAO meeting coming up this Friday, where we're
going to talk a lot more about this and have representatives from, each.
Organization that has benefiting from, from the rainbow rolls sales. and we will
be talking about DAO governance and how we're moving forward. But at this
moment, Giveth is, or giveth is receiving, just over 16 Eth
[00:16:44] Uh, Gitcoin also receiving just over 16 Eve RFP medical debt, uh,
about 19.5 Eve and the DAO which is everyone who holds an NFT P rainbow
roll. Plus that the core team is, has 10 Eth also to allocate where, we decide to.
And so it sounds like so far, we've raised about a hundred, just shy of a hundred
Eth at this moment.
Humpty
[00:17:26] Yeah. And you haven't sold out yet. So that's, that's encouraging the
fact that even at this stage…
Jacob
and almost double the impact from where we started, because Eth was at like
three grand. Um, and by the time we do these distro fingers crossed there'll be
six,
Humpty
[00:17:45] right? Yeah. I mean, the valley of death keeps growing. Right. And I
mean, I think a lot of that, um, at least in my view, Comes from the fact that
there's really cool projects that are, uh, increasing the demand, uh, for
Ethereum. So for me, the question, uh, that, that, that, that begs to be asked is
why, I mean, it makes sense why you would want to, uh, go this route with, you
know, contributing to charity contributing to public good.
[00:18:14] But for anyone who doesn't understand. You know, why would you
do this? You know, you're, you're in crypto so you can raise this money, you
can use it in different ways. Why did NFTP rainbow rolls, seek that way of
funding know, working in other words, distributing money to charities,
distributing money for public good funding.
Chair
[00:18:36] Like why is that? Yeah, I probably it's, uh, we have similar but
different answers between Josh and I, but like for myself personally, um, Uh, it
seems like the more that I give back, the more like that cycle of, of, uh,
abundance keeps, um, manifesting. And, and it was, there was, there was a
couple of reasons. So, I mean, I try, but, but like giving back is very important.
[00:19:06] And when there's a project that is this, as the team came together, we
haven't mentioned it yet, but. Josh brought together an amazing collection of
builders and community people, DAO people within the space. Like really,
we've said, all star team. I think that is true from the solidity devs to the tech
leads to the, all the community people we have on the core team.
[00:19:35] And so, beyond the fact that it was a charity and like public goods
driven. Mission sort of that we were looking at, it was like, could not say like,
this is the team that I would want to be a part of and the people that I wanted to
work with. So, we also, you know, if we, realized, I think Josh, brought it up
first was that if we have a DAO that, is tasked with allocating.
[00:20:10] Money. I mean like charity or, you know, allocating charitable
donations every month. We have an excuse to come together every month and
at least once a week, once a month for the good of everyone make poopoo and
PP jokes for, for public goods and charity. And it can never end.
Jacob
Yeah, it's a human function.
[00:20:32] That'll go on till the end of the time. Hopefully. Uh, Elon Musk
doesn't take that away from us. Um, so seriously, I would say, so this mentality
comes from, my mentor in the space.John pallor, who's one of the, founder of
Opolis and one of the founders of Eth Denver, about the law of reciprocity and
like, putting out into the universe.
[00:21:01] Without expecting anything in return, and just giving back and that
by giving back, it doesn't make sense when you think about like, because the
point of giving back would be to receive from the universe, but that's not why,
like, it's just about doing good and put, putting it out in the universe and the
more good you put out in the universe, the more good is going to come back.
[00:21:23] It's just, there's going to be a net more good in the universe. Um,
that's one side of it. And the other side of it is. I've got a good friend who likes
to poke fun at me, by calling us all fascists, because that's, what is the most loud
and visible on Twitter, like Bitcoin Maxis and talking about hard money and the
fed is ruining everything.
[00:21:47] And like, it goes down like very strict libertarian holes. And there's a
lot of fascism in a lot of the thinking and that's the loudest. People who are
outside the space. See that kind of crap first before they see all of the
community building that we're doing, like the DAOs, the DeFi stuff that sits on
top of that house, the NFT communities, they don't see that stuff.
[00:22:11] They see, you know, someone alleges, the NFTs are damaging the
earth and then we call them stupid. And that's not, that's not a, two-sided like,
no, actually NFTs are not burning fossil fuels. Like it is alleged. It's just
ridiculous. But there's that. And then there's so much glut and I'm trying to think
of the word, extravagance that just is especially like, not as much yet, because
we haven't really gotten to frothy, but like in the 2017 cycle, that 2014 cycle,
like when there were so many like Lambos and people were YouTube videos, I
don't know if you guys remember the YouTube videos.
[00:22:52] They, a lot of them been taken. Of like somebody has two Lambos in
their garage and it's just like a selfie video. And there's like, you just got to buy
Cardano, like I did. And you can get these two Lambos. It's like, we're headed
for not that specifically, but something like it where it's like, people are turning
over, like not just down payments on houses, like whole houses, just flipping
like a punk or an ape or Fidenzas or other stuff.
[00:23:18] Right. And so there's just so much. Um, the, uh, the world outside
can see is just rich people playing rich people games, and just fucking around
on the internet and not doing anything for good. So we're like, you know what,
we should try to do both. And if we could, obviously we didn't have a stellar
mint and we didn't mint out and create, you know, people were talking about the
floor and, which would have raised significant amounts more for charity, would
have been great if we had that.
[00:23:49]Eventually we wanted to play in that game while giving something
back. We haven't seen it yet, but I think that we, uh, we will minting doesn't
close. So it'll just go on.
Chair
And the, uh, oh, there was a lot of, we've learned a lot. And in talking with, um,
Griff Green from giveth, who is a huge supporter of ours, I mean, amazing
human, incredible person.
[00:24:17] He kind of showed me the angle that he coming from a public goods
and sort of charitable project and Giveth like it's people are skeptical of, of
charitable. He's like, it's a hard thing. Like charity NFTs. Aren't an easy, aren't
an easy thing to market because. People come in with a certain amount of
skepticism, but people will Yolo into a, whatever the Yearn deployer deployed
that day.
[00:24:49] Like, you know, it's an interesting, it's an interesting thing. Like even
in this environment, people are more apt to Yolo into something that they did no
research on then into. Public goods or charity, which I guess that's our mission
that kind of clearly laid out for us then. But one lesson we learned was that
while we have, we had an incredible team of builders and community people,
and DAO people. Marketing is so important
[00:25:19] And we did not focus on it at all. In fact, we completely, we just it's
like it didn't even exist. Uh, so since then we have, utilized Raid Guild, found an
incredible marketing person in LaunchNinja who is helping us do a relaunch as
it were. And, so things are kicking off this week more. And then next week,
well, whenever this is released, but we, we have taken a look at what we have
done learned from our mistakes and, you know, putting out the word of, of
rainbow roles more, more correctly.
[00:25:58] Um, and it's another opportunity to use Raid Guild, but also between
now our marketing lead and our artists to people who are completely non-web
three native that are being brought in, that are learning the landscape through
the lens of NFTP and rainbow rolls, which is that also like, to be able to put
very capable people who have a place in web two and problem that will forever,
they don't ever have to leave, like until everyone has to leave.
[00:26:34] Um, but they're here now working in this space and just that alone.
And they're working on a charitable project. I think just that alone will
hopefully exponentially show others that there is space here.
Humpty
I think the one thing I want to add to what you said, Chair, in terms of you
know, public goods, being not as appealing or maybe attractive, or even getting
the same type of attention as these other projects that people are.
[00:27:07] For me, I think it's the language isn't necessarily there yet either. It
isn't part of people's vocabulary in the space. Right., I think very few projects to
the point that I think Josh made earlier are actually focusing on, you know,
public goods and, charity and, contributing to, you know, these type of projects.
[00:27:32] I think that's one thing that it's our job to talk about more regularly
and be a part of the discussion, you know, and just normalize it. And yeah, I
think, you know, Gitcoin is certainly one of those that are leading the way on
that, but I can see how, you know, NFTP through rainbow rolls can do the
same.
[00:27:53] It's just definitely, a something that is going to be, not top of mind
for a lot of people. I know that when the rainbow rolls, launched the
conversations in the channel, because I did get my roll. You see, you see it up
there. I have my avatar up. It was actually really vibrant. There were people
from the Bankless DAO that I recognize in there as well.
[00:28:16] And they were saying, you know, for me, these type of entities make
more sense than some of the other ones that are getting dropped. Right?
Because there is something that is, you know, Adding value, not just to the
ecosystem, but just to humanity as a whole. Um, and you know, also maybe
there was some alignment there, like, oh, look, this is something that I have
personal experience with.
[00:28:40] So I want to make sure that I am now that I'm in a position where I
can fund this type of, charitable work and do so in a fun way. I feel like it's my
responsibility to do something on that note.
Jacob
We've been trying to figure out a way to make this, or at least part of
maintaining a rainbow roll, tax deductible, we're working on the paperwork,
but system 63% of the funds are given away.
[00:29:12] It'd be like, um, basically 0.084 Eth of every mint. You'd be able to
write off.
Humpty
You know, see, that's another thing that people don't talk enough about. Right? I
mean, we all talk about like, you know, aping in and, high yield. but you know,
the like taxes is definitely something that we don't talk enough of.
[00:29:34] I mean, I, I saw some chatter about it., you know, and, and some
Twitter spaces I've been popping into, but yeah, we don't really have that. So I
think that's a wonderful way to also attract people to the project, because you're,
it's now a service, right. Both to educate the community, but also for those who
are contributing to understanding.
Chair
[00:29:56] Charitable giving you mentioned all, but like, people feel like, um,
like an obligation to participate because this is something they're familiar with.
And it's like, this might be probably like, this might be the first, the, I don't
think we're trying to make the claim. That it's the first charitable and it's like,
not the first one, but it's like, it's an interesting where we're starting to introduce
like the functionality of web three and DAOs into holding a charitable NFT.
[00:30:23] What does that mean? What does that mean for the future? And like,
when we think about signaling, like a lot of NFTs are signaling, especially PFP
projects and bored apes, and crypto punks seems to be like the Rolex watch of
NFTs and that's cool. That's fine. Like people, um, should reward themselves.
But if a bored ape is a Rolex, then a rainbow roll can be equated with a Sierra
club bumper sticker on your car.
Humpty
[00:30:55] It's about value proposition, but it's also about positioning. Like,
what are you saying that, uh, aligns with people's interests? values. Right. And I
mean, I think that there's a lot of, you know, power here, that, that you've, that
the project has in terms of like a conversation that it can own.
[00:31:20], and you know, I think, you know, having worked in corporate
America in the past. I know that around this time of year, a lot of charities are,
you know, talking to, um, you know, these other institutions saying, Hey, if you
are in a position, you should be donating to charities now, because guess what?
The end of the tax year is coming up.
[00:31:43] And you want to be able to contribute as much as you can to reduce
your tax obligation, right? Your tax liabilities. So maybe, maybe NFTP can do
something similar. Because again, I think for me, every project that is, uh,
launching and, uh, you know, kind of,, increasing the, the visibility of web three
and crypto…
[00:32:10] Has a role for onboarding new people for increasing on the adoption
based on their own narratives. Right? Like I think the reason why Bitcoin and
Ethereum have a lot of value, is they have very strong, narratives. I think we can
look at NFTP almost like a narrative unto its own based on, you know, what it's,
uh, able to do both with, you know, public good funding and charitable giving,
where there is a narrative now that speaks to people who may be understand, uh,
tax liabilities and are looking for ways to reduce that.
Chair
[00:32:46] And, you know, rainbow rules might just be it. That's an interesting,
the max 20 per transit. Is he aware tax minded?
[00:32:59] Absolutely. I mean, you know, it's all for me, it's all about narratives,
right? I mean, it's just like memes when the internet, like having a strong
narrative is important for any project to succeed and really having a unique
differentiator. Um, you know, so that people can say, oh, like not only is this
value aligned to who I am.
[00:33:19] But in, in terms of where I'm at right now, this is something that I
absolutely needed. It, it just feels like NFTP and rainbow rolls could be that it
just might be a timely moment for it. If that's what you were planning to do in
terms of a Reno. Yeah. The tax deductibles, um, business side of it. I am the I'm
hoping that that will, and it's pre.
[00:33:42] I think people it's going to start to open people's eyes more, I think.
And it might even if, you know, it might inspire even more projects to do
something like this, but that, as that gets solidified, it's hard to say too much
before everything is, is set up. But, you know, we must, we have to assume like
w if we're dealing with 5 0 1, 3 C at least in the United States, like entities, then,
um, this is the natural.
[00:34:09] Uh, progression or it seems, it seems to be. Um, and I, you know, it's
probably a matter of time before, um, before charities, you know, are releasing
their own, their own net STS. It really, it's gotta be right around the corner of,
uh, doing good. Yeah. I mean, I think, uh, philosophically, you know, one of the
things that in my opinion is Dow's have a strong value proposition to
communities is doing good for the sake of doing good.
[00:34:45] Right? I mean, yeah. I actually meant doing good. Like I N G U D
Manuel's viewers project doing good. The they're they're doing a, um, an NF. I
don't want to describe it incorrectly. It's I think of it as like an NFT launchpad
for, for nonprofits and charities or a framework that enables building in like a
fractional donating.
[00:35:14] Cool. So, uh, let's talk a little bit about, you know, what the roadmap
or the future looks like for rainbow roles. Like what are some of the thought
experiments? I know we've talked about a little. You know what you're planning
and maybe some positioning into the future, but what, from, from the original
vision of the project, like what can we expect from rainbow rolls in the future?
[00:35:37] Definitely. Uh, so, you know, originally we, we envisioned a, a
quick and hasty sellout of, of 10 K that didn't, um, that didn't happen. But what
we're realizing is that even still, um, we, we have made a significant dent in.
There's going to be some significant funds distributed. And, um, that's pretty
amazing. So knowing that at least in this collection alone in the rainbow rose
collection, we have over 9,000 still available.
[00:36:06] And as, as our community, like we're just now building out, um, a
strong community. We have, um, like. A core group, let's say of holders and
supporters and people who, you know, have signaled, um, how interested they
are that it's like very strong. So as we, uh, as we approach our first down
meeting, which I don't know when this was probably won't release in time, but I
do invite people to come into the rainbow, the NFT.
[00:36:36] Discord. Um, you can find the link@nstp.fun and FTP dot F, and
that's also where you can mend the rainbow roles. Um, and so joining the
community, we're going to have a monthly Dow events. We are going to be
signaling a rainbow roll holders will be able to signal which, um, projects they
would like to route the.
[00:37:00] Uh, 10% Dow allocation to on a monthly basis. And, uh, we're also
doing, you know, one, the one interesting aspect of this is that the way that we
are donating to rip medical debt is through their giveaway project profile. And
we're also, we've also found, um, there's a, I don't want to talk to anybody, but
there's a community member who reached out to us and.
[00:37:28] You know, showed us some of their medical bills and it's a person
that we, you know, that's been around that people have known for two years in
this space. And so we're able to, um, donate directly like direct to action, um, to
them, through their, um, give with profile. And that is what's most exciting to
me that direct access stuff like the real, the, if there's a primary private.
[00:37:53] Like motivator for myself. And this is that how much of this can we
put directly into the hands of people that need it the most, whether it be, um,
from the medical debt standpoint or the giveaway and, and get coin, um,
communities like we can give projects exactly what they need to be
bootstrapped and that sort of direct that's what this space represents to me is cuts
out all the.
[00:38:17] Direct direct to action. And that is what, um, we're steering things
towards having the entire community involved. Um, so in a nutshell, yeah, I
think that was a good answer and probably better than the approach I would
have taken because I was going to say that we have to figure out the remainder
of this meant before we talk about what V2, but you, since you asked, um, we,
there was, I think the V2 will look different depending on.
[00:38:47] What the landscape looks like at the time it's ready. Um, the, the
initial idea, and this is just a dream that I've had and not at all, what V2 will
look like just to get that out there as a disclaimer. Um, so, you know, there's
like, there's a lot of, we haven't really gotten to NFT meshing yet where you've
got a bunch of different ones and.
[00:39:15] You'd like to see them all in one image. Like we we've seen a couple
of them were like, uh, people will take their ape and they'll put a, they'll put a
foot Enza behind it or something. Um, the idea being you you'd use the rainbow
roll as like fuel, um, to like flush into a toilet with a few other NFTs that you're
holding in your wallet and it wouldn't, it wouldn't burn those, but it would
create a new image.
[00:39:42] With that, that you be burning your rainbow roll and then you'd be
taking the source material that you own to create a new NFT, which is kind of
the like flushing. Um, pizza Dao is taken. I believe there are going to be eight
pizza Dao pizza pies featuring, um, a rainbow roll on them. And. They're active
in our servers.
[00:40:07] So hopefully we have more projects like that. And the other, you
might see rainbow rolls popping up and in interesting places, there's also, um,
some people have seen it. Some people have not seen it, but anybody who's
holding a rainbow role under the 11 different properties, um, or Trey
characteristics, there is also a cleaning power, um, boost property.
[00:40:29] And because we have game devs on the. Um, things like boosts and,
and characteristics and traits and things like that can easily, easily be, um, spun
up into interesting vetoes. And we're also looking at that as well as how do we
game-ify this I'll I'll I'll, I'll pause it right there because I don't want to scope
creep team, but that is sort of, um, it's a that's as much breadcrumbs this I'll
throw out and that's it.
[00:41:01] I hope you enjoyed this conversation. If you'd like to learn more
about SFTP and rainbow rules, go to NFTE p.fund and on Twitter at rainbow
underscore roles. Thanks for listening to crypto sapiens. Please give us a follow,
like in a five-star review, wherever you enjoy your podcasts and stay tuned for
our next discussion.
November 9, 2021: NFTP, The biggest social flex in crypto - Ep. 11