►
Description
To register to the Faber Web3 Hackathon got to https://faberweb3.devpost.com.
B
Thank
you
so
much
carlos
and
I'm
I'm
looking
at
the
questions
so
just
kind
of
keep
them
coming.
I
I'll
have
an
eye
on
it
and
I'll.
Try,
although
like
once,
I
start
sharing
my
screen,
it'd
probably
be
hard
to
see
it,
and
I
just
see
the
one
here:
where
do
we
pitch
and
submit
we'll
talk
about
that
like
right
after
my
session,
so
the
the
answer
is
like
you
find.
Oh
you'll
find
all
that
information
on
the
website,
but
we'll
talk
about
it
at
the
very
end
cool.
B
Let
me
start
with
my
with
the
final
session,
so
I
wanted
to
talk
to
you
guys
about
web3
vision
and
opportunities,
and
I
loved
the
question
from
alex
on
right,
but
what's
the
business
team
of
of
bitcoin
like
what
does
it
look
like
right
like
it's?
Not
we're
not
talking
about
like
cookie
cutter
kind
of
approach
to
business
building
web
3
is
different,
and
I
want
to
kind
of
talk
to
you
about
that,
and
my
name
is
lucas.
B
I
am
part
of
the
ecosystem
growth
team
at
protocol
labs,
so
driving
the
adoption
of
ipfs
and
falcoid
and
hackathons
the
one
that
we're
kind
of
like
in
the
middle
of
kicking
off
today
with
fiber
are
an
important
vehicle
for
us
to
exceed
ecosystem
growth
and,
and
so
I'm
super
excited,
and
to
welcome
you
guys
and
kind
of
wrap
this
session
and
to
today
cool.
B
These
protocols
have
created
a
lot
of
value
right
like
by
by
facilitating
the
exchange
of
information
via
email
on
imap
or
just
on
http
in
browsers,
and
they
have
created
these
like
huge
businesses,
facebook,
all
of
them
couldn't
be
like
thinkable
without
these
protocols.
B
However,
as
we've
all
seen
kind
of
over
the
past
few
years,
the
vast
majority
of
the
value
that
was
captured
and
through
that
was
only
done
through
the
creation
of
applications
that
implemented
a
given
protocol.
So
the
protocol,
like
the
people
that
developed
the
protocol
itself
and
didn't
really
have
a
way
to
capture
the
value
and
the
developers
often
writing.
B
This
is
kind
of
the
equation
like
value
creation
does
not
necessarily
equal
and
that
you're
able
to
capture
value,
and
that's
particularly
true
for
public
goods
right
where
the
consumption
is
non-rivalrous
and
non-exclusive,
and
actually
many
of
the
you
know,
shared
protocols
that
we
use
today
continue
to
be
maintained
by
by
volunteers
and
open
source
communities.
And
I
don't
know
if
you
saw
this-
went
through
the
news
a
couple
of
weeks
back
like
a
major
flaw
in
some
code
and
suddenly
the
whole
infrastructure
crumble.
That
was
was
built
on
top
of
it.
B
B
And,
as
you
all
know,
the
most
successful
businesses,
the
business
models
in
web
2
and
are
advertising
and
and
what's
interesting,
is
as
these
like.
Advertising
companies
grow
and
as
we
kind
of
creep
up,
that,
like
growth
curve
and
the
relationship
with
network
participants,
so
on
the
one
side
like
the
users
and
but
also
the
developers,
creators
and
businesses
that
that
actually
create
value
and
make
this
this
network
more
useful
and
has
to
change
from
a
world
where
everybody
shares
in
the
value
that
is
created
to
something
that
looks,
looks
a
lot
less
balanced
right.
B
So
at
the
beginning,
you
attract
a
lot
of
users.
Facebook
tried
to
attract
a
lot
of
people
to
sign
up
to
and
facebook
and
then
over
time
it
began
to
exploit
them
right.
It
started
kind
of
serving
them
ads
and
and
and
all
of
that
and
same
with
the
developers,
creators
and
businesses
think
about
like
something
like
instagram
at
the
beginning.
Everybody
please
come
like
here's,
a
cool
way
to
grow
your
platform,
but
then
over
time
and
it
becomes
more
competitive
and
and
how?
How
is
this
even
possible
right
like
why?
B
B
This
is
not
sustainable.
Web
2's
take
rate
is
web
3's
opportunity,
and
so,
when
you
think
about
youtube
and
the
ads
that
play
before
the
video
starts,
fifty
percent
of
that
goes
to
youtube.
Fifty
percent
goes
of
that
two
con
of
that
goes
to
the
person
that
actually
created
the
video
and
with
with
facebook,
it's
a
hundred
percent
right.
B
So
often
one
centralized
entity
is
able
to
capture
most
of
the
revenue
generated
and
and
frequently
they
it's
even
a
hundred
percent,
where
they
don't
share
any
revenue
with
creators,
and
they
can
do
that
because
you
know
there's
a
locking
effect
and
they
have
very
little
incentive
and
to
aim
for
an
outcome
that
looks
reasonably
fair
to
all
parties
with
the
introduction
of
blockchain.
B
This
really
stands
to
change
and,
as
you
all
know,
blockchains
references
and
kind
of
previous
transactions
and
states
of
the
world
in
an
immutable
strain
of
blocks
that
is
decentralized
and
maintained
by
everyone
together.
These
states
document
the
status
of
who
is
who
owns
what
and
who
has
the
right
to
do.
What
and
what
they
also
allow
for,
is
the
introduction
of
cryptographically
secure
tokens
that
can
regulate
access
to
a
given
protocol
and
allow
protocol
developers
to
monetize
it
right.
B
Those
are
the
ethereum
tokens,
the
fi,
the
five
coin,
tokens
and
all
of
the
other
coins
out
there
and
with
that
web3
protocols,
not
only
facilitate
the
exchange
of
information,
but
also
that
of
value
and
that's
a
huge
change
and
and
because
blockchains
are
open
source.
B
The
central
or
many
of
them
are
open
source,
decentralized
and
permission
is
suddenly
greed,
so
things
like
taking
a
take
rate
of
100
brings
risks
and
to
those
that
are
greedy
because
network
network
participants
may
take
the
code
and
fork
the
network,
and
if
a
protocol
developer
begins
to
engage
in
in
what
looks
expert
feels
like
exploitative
behavior
to
a
large
part
of
the
community.
B
So
suddenly
what
happens
is
that
the
risk
adjusted
utility
and
for
protocol
developers
is
highest.
If
you
look
for
an
outcome
that
is
reasonably
fair
to
all
involved
parties
and
or
even
work,
even
better
when
you
work
towards
a
state
and
where
decision
making
is
decentralized
and
the
community
defines
the
appropriate
take
rates.
So
the
ability
to
capture
value
what
I
just
kind
of
outlined
at
the
protocol
layer
now
creates
powerful
incentives
to
innovate
at
that
protocol
layer
and,
and
while
there
continue
to
be
plenty
of
opportunities
and
reuben
talked
about
this.
B
Also
around
like
dabs
and
at
the
application
layer
and
the
market
cap,
I
believe
of
the
protocol-
will
likely
always
increase
at
a
faster
rate
and
because
you
know,
like
the
success
of
the
application
layer,
drives
further
speculation
at
the
protocol
layer
cool.
So
that's
you
know.
Web
3
value
capture
happens
at
the
protocol
layer
and
you,
you
know
change
mechanisms
on
how
you
can
create
value
or
you
augment
the
opportunities
of
where
to
create
value,
and
I
want
to
kind
of
wrap.
B
Can
you
begin
to
wrap
it
up
a
little
bit
and
I
think
what
helps
me
sort
through
the
vast
range
of
opportunities
in
the
space
is
a
little
bit
of
a
mental
model
and
I'm
going
to
kind
of
walk
you
through
this
and-
and
maybe
this
is
particular
to
the
five
coin
kind
of
universe.
But
I
think
it's
pretty
applicable
across
the
board
so
and
starting
at
the
bottom
and
just
here
kind
of
on
the
hardware,
networking
layer
and
you
have
kind
of
the
foundation
of
the
blockchain
computer
right
like
so.
B
You
have
the
protocols
on
pop
consensus
and
compute
that
you
know
run
and
verify
transactions,
and
then
you
have
smart
contracts
to
bring
logic
to
the
kind
of
transactions,
so
think
of
you
know,
triggering
certain
transactions
if
certain
conditions
are
met
and
then,
finally,
on
top,
you
have
user
and
client
interfaces
that
turn
these
like
very
complex
technologies
into
products
and
services
that
are
easy
to
use
for
end
users,
the
the
periphery
so
kind
of
the
top
here
and
the
bottom,
are
you
know
the
the
the
the
sections
of
the
stack
where
the
business
models
tend
to
be
most
similar,
I
would
say
to
traditional
and
business
models
like
crypto
adjacent
but
they're,
and
they
kind
of
seek
to
maximize
revenue
through
other
traditional
means,
and
so,
for
example,
you
know
on
the
hardware
networking
layer
you
if
you
know
how
to
build
a
hard
drive
really
well
or
because
you
have
a
huge
factory
that
produces
hard
drives
and
you
can
leverage
economies
of
scale
and
scope.
B
And
then
the
business
model
that
you
have
here
is
just
selling
hard
drives
or
improving
data
center
technology
at
the
core.
So,
like
the
smart
contract,
compute
consensus,
section,
things
get
a
little
bit
more
wild
and
and
kind
of
interesting,
and
there
is
still
a
ton
of
opportunities
here
to
create
and
kind
of
like
capture
value
you
have
but
you're,
relying
more
kind
of
like
on
network
effects
there.
B
In
terms
of
like
how
you
defend
it,
one
really
cool
thing
that
I
think
people
are
doing
in
in
the
smart
contract
space,
especially
with
the
five
conventional
machine
coming
later
this
year,
is,
is
data
house
where
a
community
forms
around
a
body
of
data
and
that
they
care
about.
B
For
example,
I
don't
know
genetic
data
and
it's
such
a
model
and
members
might
be
able
to
leverage
the
data
only
if
they
can
prove
that
they
have
actually
contributed
to
to
to
the
data
set
and
then,
whatever
value
is,
you
know,
created
and
captured,
and
by
kind
of
tokenizing,
that
that
data
is
shared
back
to
the
actual
creators
and
so
yeah
there's
this
there's
like
web
3
right
so
it
it
has
very
traditional
business
models
and
where
you
just
charge
transaction
fees
or
something
like
that,
although
you
will
likely
see
lower.
B
Take
rates
that
you
than
you
do
in
web
2,
and
then
you
have
the
very
community
driven
and
models
where
you
have
the
ability
to
share
back
some
of
the
value
that
is
captured
via
tokens
or
other
ways
of
kind
of
value,
transfer
that
are
unique
to
web3
and
that
creates
a
whole
new
range
of
of
opportunities
to
to
monetize
and
build
successful
businesses,
and
I
want
to
leave
you
with
this
like
thought,
like.
Whatever
you
build
right
and
ruben
talked
about
this
a
little
bit
like
the
feasibility.
B
Can
it
be
built
by
this
team?
Is
it
viable?
So
can
it
fund
future
growth?
Is
it
desirable?
Does
it
address
a
real
fraction
and
and
solve
a
real
problem
and
where
people
use
it?
All
of
this
should
be
like
thought
of
in
the
context
of
web
3
against
the
backdrop
of
community
right.
So
what's
super
important
for
all
of
these,
because
you
cannot
exploit
users
because
otherwise
they
will
leave,
they
will
fork.
The
network
is
that
you
have
to
have
community
behind
and-
and
that
is
super
important
in
web3.
B
So
that's
why
we,
as
you
know,
protocol
labs
and
the
filecon,
the
ipfs
community,
we're
we're
doing
hackathons,
because
we
love
engaging
with
folks
and
like
hoping
that
they,
we
will
start
getting
excited
about
bit
about
our
technology,
but
it
truly
is
existential.
Right
like
this
is
a
key
part
for
us
to
help
grow
the
community,
because
even
if
we
have
a
super
great,
you
know
we
have
a
feasible
product,
a
viable
product,
a
desirable
product
like
ipfs
and
5.r.
B
If
we
cannot
get
the
community
to
buy
into
these
technologies,
then
this
will
fail,
and
that
is,
I
think,
the
key
difference
in
web3.
Where
you
have
a
lot.
You
have
competitive
dynamics,
of
course,
and
that
still
exists,
but
it
is.
It
has
a
much
stronger
emphasis
on,
and
cooperation
and
community
and
coming
together
and
like
growing
the
pie
collectively,
rather
than
kind
of
like
stealing
share,
and
that
is
also
why
this
space
is
such
an
interesting
and
inspiring
world.
A
B
Collectively,
working
to
you
know,
create
this
ground
swell
and,
like
collectively,
lift
up
the
community
and
and
build
economies,
and
that
create
value-
and
I
very
much
would
welcome
if
you
guys
all
become
part
of
that.
So
let
me
sum
up
with
some
kind
of
key
takeaways
here,
just
to
kind
of
like
run
through
it
super
quickly.
B
So
in
web
3
value
capture
is
possible
still
and
it
you
know,
spurs
innovation
at
the
protocol
layer,
not
just
the
application
layer
with
that
blockchain
technology,
especially
if
it's
open
and
permissionless,
and
you
actually
suddenly
have
the
power
to
undermine
and
centralized
incumbents
and
that
are
engaging
in
in
you
know,
business
practices
that
you
know
see
these
very
greedy
take
rates,
and
you
will
likely
not
see
that
in
in
web
3,
but
it
won't
be
to
the
detriment
of
creators,
and
so
this
take
rate
really
is
the
opportunity
for
web3.
B
So
just
go
around
right.
If
you're,
looking
for
opportunities
which
businesses
in
web
2
have
high
take
rates
and
look
at
those
and
see,
is
if
there
is
an
opportunity
here
for
web
3
to
go
in,
that
can
literally
be
anything
right
like
can
be
ticketing,
it
can
be
social
media.
It
can
be
the
metaverse
as
as,
ultimately,
an
application
or
a
manifestation
of
social
media.
There
is
a
lot
of
opportunity
to
disrupt
these
businesses
that
have
very
high
take
rates
and
build
something
that
is
community
first
and
because
community
is
so
important.
B
You
need
to
be
able
to
unlock
these
network
effects
right
like
make
sure
that
one
community,
one
part
of
the
community,
is
very
closely
interlocked
with
the
success
of
another
and
that
they
collectively
work
to
kind
of
turn
it
into
a
flywheel
where
everybody
is
working
to
make
everybody
else
more
successful.
B
At
the
same
time,
if
you're
coming
from
a
more
kind
of
conventional
background-
and
you
have
a
very
straightforward
idea-
there's
still
opportunities
to
just
you-
know
monetize
transactions
or
and
build
more
conventional
business
models.
And
I
I
think,
like
I'm
hoping
that's,
why
I
joined
the
space
that
with
web
3,
we
we
might
end
this
creep
of
advertising
into
every
domain
of
public
life
and
and
and
maybe
move
beyond
surveillance
capitalism
into
something
that
feels
a
lot
more
human
and
and
doesn't
feel
as
exploitative.
B
So
it's
really
a
future
with
rich
opportunity
and-
and
I
I
really
encourage
you
to
kind
of
join
in
on
the
journey
and
I
think
that's
the
end
of
my
site
I'll
hand
it
over
back
to
carlos,
to
maybe
give
one
more
quick
rundown
of
the
timeline,
because
it's
like.
Oh,
let
me
pause
there
for
a
second
and
actually
take
some
questions.
I'll
stop
sharing.
So
I
can
pull
up
some
of
the
questions
that
I
see.
B
And
let's
see,
how
do
you
evaluate
the
growth
potential
of
a
community-owned
protocol
and
I
think
it
comes
down
to
friction
right,
so
I
would
look
at
like.
Does
this
protocol
unlock
utility
so
for
the
case
of
filecoin,
I
believe
there
is
tremendous
opportunity
because
it
solves
the
problem.
It
commoditizes
cloud
storage,
and
so
I
think
that's
that's
super
important.
I
think.
B
Ultimately,
let
me
actually
show
you
one
slide
that
I
really
like
in
this
whoops
that
kind
of
talks
about
like
what
what
do
you
need
to
look
for
and
I
hit
it
in
the
slide
there
we
go
one
second
yeah
there.
It
is
share
screen.
B
When
you
look
at
like
how
how
a
community
gets
started-
and
this
like
flywheel,
is
something
that
that
I
find
super
interesting,
so
you
start
at
the
top
right,
like
a
foundating
team
has,
maybe
a
small
community
has
a
vision
for
a
protocol
and
and
that
vision
they
convey.
B
They
say
we
want
to
create
a
token
that
you
know,
creates
this
type
of
utility,
either
to
monetize
a
certain
data
set,
or
you
know,
to
unlock
to
commoditize
cloud
storage
or
whatever
it
may
be,
or
in
the
case
of
bitcoin,
to
facilitate
transactions
across.
B
You
know
the
planet
with
in
a
decentralized
way,
and
that
idea
that
vision,
attracts
investors
and
who
might
add
financial
capital
and
say
hey
like
this
bitcoin
idea,
that's
actually
pretty
smart,
like
I
I'm
bought
into
that
as
an
idea
and
then
with
that
you
kind
of
bootstrap
yourself
kind
of
into
existence
right
like
with
with
that
demand,
the
value
of
the
token
increases
and,
and
then
miners
or
other
validators,
add
production
capital
right.
B
This
idea
of
you
know
this
is
a
great
idea
and
and
add
kind
of
more
momentum
to
the
vision
and
the
protocol
which
then
you
know
the
cycle
starts
over
attracts
more
financial
capital
which
drives
up
the
token
value
which
increases
functionality
and
so
forth,
and
you
suddenly
have
this
self-reinforcing
meal.
So
when
I
look
at,
I
think
it's
an
excellent
question.
When
I
look
at,
why
do
you
you
know?
How
do
you
evaluate
the
growth
I
look
at
like?
Does
it?
B
Does
it
have
this
like
potential
to
get
this
like
flywheel,
started
and
community
once
again,
is
the
most
important
part
of
this
so
make
sure
that
when
you're
building
a
product
like
you're,
actually
looking
at
a
community
that
that
is
thriving,
that
is
exciting?
That
is
welcoming
and
because
otherwise,
like
you're,
probably
kind
of
betting
on
the
wrong
horse.
B
Is
conducting
a
hackathon
a
go
to
market
strategy
and
I
think
it's
the
big
beginning
of
your
journey
ruben
highlighted
and
how
you
can
think
about
go
to
market
right.
You
can
cut
it
by
geography.
B
You
can
cut
it
by
certain
target
user
groups
that
you're
going
for,
and
you
can
also
lie
out
and
outlay
outline.
What
features
you
want
to
start
with.
First
in
in
your
roadmap-
and
I
think
a
hackathon
is
a
great
way
to
you
know
is
a
part
of
that.
I
think
there's
it
can
create.
It
can
unlock
different
things
for
you
and
it
you
can
learn
from
it.
B
You
can
connect
with
other
builders
and
you
can
start
building
your
community
and
and
you
yeah
like,
can,
can
grow
and
and
turn
this
into
right,
like
you
have
an
idea,
and
you
say
we
participate
in
this
hackathon
and
we
want
it.
That
was
the
beginning
of
our
journey
and
we
had
some
first
and
winning.
The
price
was
the
first
validation
that
there's
potential
here.
B
B
Cool
and
where
do
we
pitch
and
submit
yeah
cool
so
carlos
I'll
hand
it
over
to
you
to
maybe
wrap
up
the
event?
Thank
you
all
for
and
being
here
and
yeah
I'll,
let
you
maybe
walk
through
the
timeline
one
more
time
and
and
maybe
highlight
all
those
prizes
that
we're
putting
out.
I
think
that's
if
you
want.
I
can
pull
it
up
on
my
screen.
If
you
don't,
I.
A
I
have
it
here
as
well,
no
worries
so
thank
you,
lucas,
thanks
for
for
for
the
presentation
that
was
super
super
exciting
and
super
interesting,
and
I
think
it
gave
an
outstanding
kind
of
high
level
overview
of
the
opportunities
in
the
web
3
space
so
now
kind
of
to
to
to
wrap
it
up.
I'm
just
going
to
very
quickly
revisit
our
timeline,
so
we've
now
kind
of
launched
the
the
hackathon.
A
The
submissions
are
still
open
until
the
21st
of
february.
If
you
want
to
register
for
the
hackathon
you,
you
can
register
up
to
the
21st
of
february
on
our
website,
so
the
website
is
fabberweb3.devpost.com.
A
A
We'll
then
kind
of
do
a
two-step
analysis
of
the
project.
So
we
in
protocol
labs
will
be
kind
of
going
through
all
of
the
projects
and
selecting
the
top
ten
and
those
top
ten
will
be
presented
to
our
jury.
Who
will
select
the
winners
and
the
winners
will
kind
of
be
be
winning
so
the
the
prizes
and
the
award
structure
is
following,
so
we
are
going
to
have
like
three
grand
winners
first,
second
and
third
prize.
A
Why
is
it
relevant
the
beginnings
of
the
go
to
market
strategy,
the
team
just
to
give
us
an
overview
of
the
business
opportunity
and
you'll
be
eligible
for
three
three
business
awards
on
top
of
the
the
the
other
awards
as
well.
So
this
is
cumulative
as
part
of
that
business
award.
You
will
also
have
the
opportunity
to
be
fast-tracked
into
the
falcon
fiber
accelerator.
A
That's
something
that
will
be.
We
will
be
announcing
more
details
very
shortly
in
the
coming
weeks,
but
that
will
happen
between
mid
april
and
mid-july.
So
it's
going
to
be
a
three-month
program
again
together
with
with
protocol
labs
and
then
to
make
sure
that
you
you
take
chances
and
you're
bold
in
terms
of
your
projects
and
you
go
all
the
way
to
the
end.
We
also
have
a
pool
of
15
000
euros
in
in
falcone
to
be
distributed
among
all
participants
that
submit
a
valid
project.
A
So
it's
been
an
amazing
two
days.
We
had
some
really
extraordinary
talks.
We
had
some
fantastic
speakers.
A
I
couldn't
be
more
excited
with
what
happened
over
the
last
day
and
a
half
two
days
now,
it's
on
to
all
of
our
participants
to
get
out
there
and
start
building
your
projects
we'll
be
on
this
side
kind
of
looking
at
what
you
build
will
also
be
available
both
on
the
dev
post
side,
but
mainly
on
our
on
the
discord
server.
A
To
answer
any
questions
you
have
and
to
support
you
both
from
the
logistics
logistical
perspective
and
the
technical
perspective,
so
we
hope
you
have
a
good
experience
during
the
hackathon
and
I
hope
you
have
some
fantastic
projects
for
us
to
see
at
the
end,
we'll
make
all
of
the
sessions
available
during
next
week.
So
this
is
all
being
recorded,
recorded
and
we'll
make
all
of
these
sessions
available
next
week
for
you
to
kind
of
re-watch
and
watch
the
ones
that
you
might
have
missed.
A
Thank
you
very
much.
Thank
you
for
to
everyone
that
participated.
Thank
you
for
all
the
panelists
and
speakers,
and
we
have
a
question
here.
So
you
can.
You
can
register
individually
and
then
on
the
dev
posts
site
you
can
mention
when
you're
submitting
you
can
mention
who
who
belongs
to
your
team,
but
everyone
has
to
register
individually.
A
No
okay,
fantastic
will
be
available,
also
I'll
stay
on
gather
town,
so
I'll
post
the
link
for
get
a
town
here
we're
going
to
have
another
kind
of
virtual
beer
hour
so
I'll
be
available.
If
there's
any
other
questions
feel
free
to
to
reach
out
I'll
be
around
also,
you
can
ask
any
other
questions
on
on
this
card.
Thank
you
very
much.
This
was
super
exciting
hope
to
see
some
fantastic
projects
coming
out
of
of
this
academ.
Thank
you
very
much.