►
Description
JV and Matt Hamilton of Protocol Labs imagine different ideas for start-ups and give examples of what is being built, and what could be built.
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A
A
B
B
I,
don't
know
if
folks
have
seen
there's
a
website
that
we'll
talk
about
in
a
second
but
as
the
fvm
is
launching
there's
an
amazing
amount
of
opportunities
for
businesses
to
be
built.
We,
the
protocol,
lab
side
and
the
Falcon
Foundation
side
have
brainstormed
a
bunch
of
ideas.
This
is
no
means
by
no
means
exhaustive,
but
would
love
to
share
at
least
to
inspires
and
builders
on
what
are
different
opportunities
that
exist
and,
of
course,
as
you're
going
through
this
process.
B
If
you
reach
out
to
the
teams,
I'm
sure,
there's
folks
that
have
individual
thoughts
that
might
be
able
to
help
advice,
so
maybe
to
kick
things
off.
I
wanted
to
start
with
just
a
macro
frame.
I
think
one
thing
that's
really
interesting
is
just
when
we
zoom
out
and
think
about
the
file
coin
economy.
What
we
have
right
now,
if
you
think
of
all
coin
pre-fem,
it's
sort
of
this
like
very
basic
Loop
of
clients
and
storage
providers
that
can
find
each
other
they
can
make
deals
the
follow
coin.
B
Blockchain
is
really
settling
that
and
the
thing
that
the
fem
really
gives
us
is
now
the
ability
to
be
much
more
expressive
in
what
we
can
do
with
that
economy.
So
this
is
just
a
very
basic
map
showing
how
much
more
complicated
this
economic
Loop
can
actually
be
when
we
start
doing
more
and
more
things
on
chain,
but
it
gives
us
the
ability
to
build
Primitives
and
businesses.
That
may
not
look
like
things
that
you
would
see
elsewhere
so,
rather
than
just
having
a
client
and
storage
provider
make
a
deal.
B
If
you
want
to
do
something
that
says,
maybe
builds
a
Perpetual
storage
protocol
which
we'll
talk
about
some
ideas
there.
That
actually
implies
a
bunch
of
other
services
and
businesses
that
might
exist
on
the
fem,
and
so
when
we
start
looking
more
holistically
at
like
what
this
economy
could
look
like,
it
really
becomes
interesting
just
in
terms
of
the
broad
split
swath
of
opportunities.
B
So
yeah
at
the
end
of
this
talk,
we
will
also
share
this
link.
Again.
There
is
a
much
longer
list
of
ideas
that
people
have
brainstormed
together,
really
just
pulling
on
the
threads
of
for
the
different
user
groups
and
communities
inside
of
the
falcorn
economy.
How
might
one
build
businesses
around
the
services
for
those
folks,
but
we'll
talk
about
a
few
of
them
today,
so
yeah
with
my
co-mc
here,
Matt,
maybe
Matt.
Do
you
want
to
kick
us
off?
I
know.
B
C
C
So
if
I,
as
a
storage
provider,
agree
to
store
some
data
for
you,
then
the
fee
for
that
storage
gets
put
ineffectively
in
escrow
and
then
gets
drip
fed
to
me
over
the
lifetime
of
that
storage
deal
now.
I
can
actually
use
that
that
that
fact
that
you
know
future
income
as
a
as
collateral
for
Lending,
so
I
could
actually
put
that
up
and
say,
hey
well,
you
know
I'm
guaranteed
that
this
amount
coming
forth.
So
please,
let
me
borrow
against
that
future
kind
of
guaranteed
income.
B
Yeah
and
I
think,
like
one
interesting
I
think
way
of
looking
at
this
is
Falcon.
Has
all
of
these
on-chain
businesses,
all
the
storage
providers,
your
on-chain
businesses
we'll
talk
about
another
set
in
a
little
bit
about
like
data
Dows
as
other
types
of
on-chain
businesses.
But
when
you
have
these
on-chain
businesses
that
have
revenue
streams
that
are
getting
paid
on
chain,
we
can
use
sort
of
like
the
laws
of
smart
contracts,
to
start
writing
these
more
interesting
economic
Primitives
that
can
unlock
Capital
efficiency
in
the
economy.
B
I'll
actually
touch
on,
maybe
another
sort
of
like
Twist
on
this,
which
is
once
you
have
these
under
clouded
wise
lending
protocols.
A
pretty
common
thing
that
you
might
want
to
do
is
be
able
to
get
like
early
liquidity,
especially
if
folks
are
familiar
with
sort
of
like
the
flow
of
capital
inside
of
the
Falcon
economy.
If
you
are
a
token
holder-
and
you
happen
to
give
a
storage
provider
your
file
coin,
in
order
to
like
put
it
to
work,
that's
going
to
have
a
duration
over
the
course
of
a
deal.
B
So
I
think
it's
an
interesting
frame.
If
we
really
look
at
these
economic
models,
some
of
the
business
models
behind
them,
as
well
as
what
is
the
core
infrastructure
that
maybe
just
is
more
the
bread
and
butter
of
how
people
think
about
D5
today,
but
combining
it
with
some
of
the
unique
opportunities
inside
of
Falcon
Matt
was
their
comment
there
that
you're
gonna
toss
in
no.
C
I
was
just
gonna
put
it
in
this,
you
know
is
one
of
those
things
that
kind
of
helps
expands.
There's
certain
like
businesses
and
I.
Think
we've
got
a
slide
later
on
this.
That
kind
of
add
in
almost
like
supporting
infrastructure
for
some
of
the
storage
systems
as
well.
So
even
things
like
a
decks,
for
example,
might
not
seem
you
know.
B
100
percent:
well,
then,
maybe
we
can
zoom
out
a
little
bit,
so
we
talked
a
little
bit
about
Capital
flows
and
some
of
the
use
cases
and
business
models
that
might
make
sense
that
help
improve
the
capital
efficiency
of
the
Falcon
economy.
I
think
it's
also
interesting
to
sort
of
like
bridge
that
into
some
of
the
functional
flows,
where
I
think
one
of
the
unique
opportunities
in
the
Falcon
ecosystem
is
being
able
to
tie,
especially
with
the
fem
programmable
Capital
flows
to
programmable
services.
C
With
falcoin,
the
model
is
that
a
client
and
a
storage
provider
negotiate
a
storage
deal
for
a
certain
amount
of
time
in
a
certain
cost.
Now
that
might
be
for
say,
100
days
or
200
days
or
whatever
it
might
be
there
for
that
storage
deal
now.
Perpetual
storage
is
the
idea
that
a
storage
deal
could
then
be
continually
renewed
thereafter,
and
that
might
be
automated
by
tools
enabled
by
the
fvm
right.
C
C
We
might
have
a
slide
separately
on
on
datadel
specifically,
but
you
might
have
people
contributing
funds
in
together
to
fund
that
Perpetual
storage
or
it
might
be
paid
out
from
some
kind
of
endowment,
for
example,
or
some
other
mechanism
by
which
it
could
generate
the
the
funds,
could
generate
some
economic
reward
that
could
then
be
used
to
fund
that
and
there's
some
projects
we
have
in
the
the
next
talk
I
believe
we
will
have
one
of
the
builders.
That's
building
something
based
upon
this
idea.
B
Our
mission
is
to
preserve
this
public.
Open
data
sets
it's
really
about
just
making
sure
that
this
stays
accessible
and
effectively.
What
this
might
look
like
is
a
governance
structure
say
you
have
some
decision
making
on
like
how
this
is
done.
It
could
be
very
light.
It
could
also
be
basically
non-existent.
B
You
could
also
think
down
the
line
about
as
things
like
the
compute
networks
come
off
the
ground.
How
do
you
want
to
handle
derivative
data
sets?
How
do
you
want
to
do
things
like
tokenization,
so
you
can
have
value
flows
go
back
so
for
permissioning,
Access
and
then
getting
some
of
the
retroactive
rewards.
If
someone
purchased
a
data
set
I
think
these
are
things
that
are
interesting
to
think
about,
whereas
today
we're
talking
a
lot
more
about
the
storage
side
of
the
house
as
more
and
more
features
come
to
the
filecoin
economy.
B
C
Think
you've
pretty
much
covered
it,
but
yeah
one
of
the
things
is
regarding
things
like
scientific
sets
or-
or
you
know,
machine
learning,
for
example,
that
you
wouldn't
want
to
do
the
actual
computation
of
machine
learning
on
chain
on
Falcon.
You
can
do
that
off
chain.
There's
a
project
called
bacchial.
That's
part
of
the
compute
over
data
project
at
protocol
Labs,
it's
working
on
that,
but
you
could
use
again
the
Falcon
Virtual
Machine
to
automate
some
of
that
and
provide
some
additional
governance
around
that.
C
So
you
might
have
an
example
where
one
person
could
create
say
a
dated
hour
which
a
raw
data
set
is
uploaded.
There's
a
bounty
put
for
somebody
to
run
some
computation
against
that
data
set.
The
data
set
is
downloaded
by
somebody
they
do
the
computation
the
end
result
is
uploaded
back
to
filecoin.
They
present
the
deal
ID
back
to
the
smart
contract
to
say
here,
I've
done
the
the
computation
here's
the
deal
and
you
might
even
have
then
a
set
of
say,
Witnesses
or
validators.
C
That
can
then
look
at
that
data,
so
they
might
even
be
you
know,
a
human
process
that
analyze
data
and
say
yes,
that
task
has
been
completed.
They
vote
on
the
completion.
So
that's
another
sort
of
dowel
like
thing
they
can
vote
on
whether
or
not
that
task
has
been
suitably
completed
and
if
it
is,
then
the
Dow
might
then
pay
out,
and
you
know,
maybe
you
can
imagine
a
scenario
where
60
of
the
funds
go
out
to
the
computation
provider.
C
30
are
split
amongst
the
validators
and
10
goes
to
the
Dow
for
the
maintenance
or
something
along
those
lines.
So
there's
a
lot
of
different
models
that
can
be
built
from
some
of
these
simple
Primitives
and
the
demo.
Just
now
by
Zach.
The
last
example
he
showed
gives
you
some
example
of
how
you
could
structure
a
data
down
and
how
you
could
incentivize
the
participants
to
take
care
of
the
storage
actions
required
for
the
data
down.
B
And
I
guess,
like
maybe
one
other
thing
before
we
move
off
of
this
one
that
might
be
interesting
to
think
about,
is
the
different
funding
models
to
bootstrap
some
of
these
organizations.
It
could
purely
be
just
donations
from
Individual
folks.
It
could
actually
also
be
like
soliciting
folks
like
if
they're
public,
open
science
data
sets
are
there
governments
that
might
be
willing
to
put
money
into
this
other
research
institutions
where
you
can
get
universities
to
collaboratively
instead
of
everyone
individually
stop
trying
to
solve
the
problem
on
their
own.
B
C
Indeed,
and
no
just
one
more
bit
on
that,
with
with
the
with
the
funding
models,
you
know
one
of
the
things
I've
heard
a
lot
about
is
actually
scientific
data
funding
is
really
quite
complex.
In
some
scenarios
you
might
have
multiple
different
funding
bodies,
funding
a
particular
particular
scientific
effort.
So
you
can
imagine
something
like
a
dated
out
that
could
almost
like
pay
out
in
response
to
the
funding
that
is
put
in
so
different
bodies
that
are
investing
in
that
funding
in
that
project
and
funding.
That
project
could
then
get
rewards.
C
You
know
in
proportion
to
maybe
the
way
they've
the
way
they
funded
it
so
yeah
on
to
on-ramp
shall
I
should
I
take
this
one
as
well,
while
I'm
here
yeah
so
with
the
falcoin
network.
At
the
moment,
and
again
you
you
saw
just
from
Zach's
demo
earlier,
he
was
talking
about
storing
piece
IDs,
and
these
are
kind
of
large
chunks.
Generally,
the
falcoin
network
itself
is
concerned
with
storing
sort
of
large
sort
of
almost
like
wholesale.
C
C
Well,
there's
a
number
of
storage
helpers
that
are
coming
out
so
things
like
nft.storage,
web3,
storage,
Estuary,
Lighthouse,
there's
a
number
of
them
that
are
that
are
building
out
and
they're
helping
sort
of
on-ramp
data
into
the
Falcon
Network
and
again
using
something
like
data
dowels
could
help
that
process,
because
you
could
fund
the
onboarding
of
that
data
collectively
via
that
and
and
some
of
the
management
of
that
data.
So
I
think
that
would
that's
another
use
case.
There.
B
100
and
when
you
think
about
things
like
cultural
archives,
some
of
the
requirements
are
very
specific
or
even
like
video
data.
If
you're
optimizing
for
fast
reads,
and
so
some
of
these
may
be
really
interesting
opportunities
both
as
like
products
or
services
to
be
funded
through
data
Dows
to
basically
on-ramp
a
bunch
of
data,
but
also
maybe
like
individually
interesting
business
models
of
their
own
depending
on
the
requirements
on
like
retrieval
and
things
like
that,
cool
yeah,
programmable
storage
markets,
I
think,
is
a
really
fascinating
one.
B
So
filecoin
itself
is
like
a
quite
flexible
protocol,
and
so
the
markets
actors
as
they
are
today,
are
just
one
implementation,
I
think,
there's
opportunities
to
think
about
what
are
different
ways
that
someone
might
want
to
build
these
markets
themselves.
This
gets
a
little
bit
more
into
the
weeds
of
like
if
people
haven't
divided
into
the
guts
of
fog,
one
itself
but
I
think
it
becomes
interesting
of
where
are
there
opportunities
to
build
better
markets
and
also
maybe
think
about
different
ways
of
even
setting
up
deals?
A
C
Yeah
I
think
that's
a
that's
a
key
point,
and
this
is
an
opportunity
to
hear
point
out
a
little
bit
about
how
filecoin
works
and
to
to
sort
of
clarify
that
a
lot
of
the
process
that
happens
around
the
file
coin.
The
entire
kind
of
storage
protocol
happens
off
chain.
The
idea
being
is,
it
is
a
very
flexible
system
and
that
the
actual
negotiation
of
the
storage
deal
between
the
client
and
the
storage
provider
is
effectively
left.
C
You
know
flexible
and
is
not
like
mandated
kind
of
on-chain
a
particular
way,
but
is
done
off
chain,
because
you
can
imagine
if
I'm
trying
to
store
a
vast
amount
of
data,
then
again
it
might
be
a
case
of
you
know.
A
station
wagon
full
of
hard
drives
going
down.
The
the
highway
is
the
easiest
way
for
me
to
get
my
data
to
the
storage
provider
to
store
it.
C
So
a
lot
of
the
the
you
know,
the
negotiation
of
the
storage
deal
happens
offline
at
the
moment
and
and
happens
separately
by
the
like
the
filecoin
protocol,
but
not
actually
on
the
blockchain.
Whereas
now
what
we
have
is
the
ability,
through
fvm
and
through
the
small
contracts,
to
now
build
some
of
these
automated
marketplaces,
so
I
can
I
can
actually
like
bid
for
storage
based
upon
a
certain
price,
or
somebody
could
actually,
you
know,
offer
offer
prices
or
whatever
you
could
have.
B
You
basically
can
extend
and
Define
broader
ways
of
setting
up
these
storage
deals
with
more
Primitives
inside
which
gets
to
retrievability
orbitals,
which
I
think
is
really
fascinating,
like
service
that
could
be
built
into
the
network.
If
folks
haven't
seen,
there's
a
great
video
that
Nikola
from
the
cryptonet
lab
he
sort
of
put
out
a
couple
months
ago,
but
this
is
the
idea
that
you
could
have
an
on-chain
entity
that
sort
of
acts
as
like
a
Better
Business
Bureau
for
storage
providers.
So
imagine
me
and
Matt
are
making
a
deal.
B
I'm
client
mad
as
a
storage
provider
and
I
want
to
guarantee
that
Matt
will
never
try
to
like
price
gouge
me
on
retrieval
and
at
the
time
when
he
strikes
the
deal
he
might
say.
John
I
will
never
charge
you
more
than
five
cents
a
gigabyte
to
retrieve
your
data
and
that's
totally
true,
but
then
some
exogenous
shock
happens
and
mad
like
actually
it's
going
to
cost
you
50.
well
with
the
retrievability
Oracle.
B
The
way
this
might
work
is
you
could
have
a
dow
where,
when
Matt
and
I
make
this
initial
deal,
we
both
send
in
the
terms
to
the
steel
to
the
retrievability
Oracle
and
they
say.
Okay,
we
will
make
sure
that
this
is
always
enforced
over
the
lifetime
of
the
deal
and
Matt
you're,
going
to
lock
up
a
bunch
of
collateral
so
that
we
know
that
if
you
ever
try
to
buy
violate
that,
there's
something
to
be
done,
and
so
now
Matt
and
I
can
do
our
transactions.
B
If
something
goes
wrong,
I
can
always
appeal
to
the
retrievability
Oracle.
They
can
try
to
get
the
data
from
Matt
against
the
terms
that
we
had
set.
If
they
can't
do
it
they'll
flash
Matt,
if
they
can
do
it,
they
just
send
me
the
data.
So
this
is
just
like
another
functional
like
here's,
a
service
that
can
be
built
on
the
network
that
provides
a
level
of
security
for
clients
that
could
totally
be
wrapped
into
a
broader
set
of
storage.
Primitives.
B
Okay,
that
was
a
lot
of
content.
This
is
only
even
scratching
the
surface
of
like
what
could
be
built
on
the
fem
I'd
encourage
everyone.
If
you
have
your
phone
scan,
this
QR
code
go
to
this
URL.
If
you're
looking
for
more
ideas
feel
free
to
reach
out
to
anyone
on
the
team.
I
think
we
are
super
excited
about
what
this
unlocks
for
the
fem
and
excited
for
you
all
to
take.
It
up,
take
the
ball
and
run
so
yeah
thanks.
Everybody
thanks.
A
Awesome,
thank
you
so
much
Matt,
JV,
I
guess
for
everybody
who's
watching.
If
you're
part
of
the
hackathon
I
mean
this
is
like
one
of
those
spots
that
is
absolutely
pure
Alpha
for
you.
You're
gonna
definitely
be
building
over
the
next
couple
of
couple
weeks
and
I.
Think
Matt
and
JV
just
kind
of
went
through
the
gamut
of
of
what's
possible
and
and
some
different
ideas.