PodClips Logo
PodClips Logo
PROOF
Fingerprints DAO: The Smart Contract Art Curators
Fingerprints DAO: The Smart Contract Art Curators

Fingerprints DAO: The Smart Contract Art Curators

PROOFGo to Podcast Page

Luiz , Kevin Rose
·
24 Clips
·
Oct 26, 2021
Listen to Clips & Top Moments
Episode Summary
Episode Transcript
0:03
Whenever government fails because of its inefficiency, or even, like the fact that governments are restricted through their National boundaries and private companies fail, because the incentives are not exactly. There for private companies to act. I think those will be the preferred option. So conservation. Something that I think it's very obvious, where both are failing and I think structure like Adele go
0:30
Would would help with that. Thank you.
0:37
That was Louise AKA DT
0:38
on Twitter who is the founder of fingerprints, Dow fingerprints, Dow curates, and collects art works that use Smart contracts and exceptionally creative
0:47
ways. They bring together
0:49
artists and Builders to produce what they call fingerprints on the blockchain. Fingerprints has quite the collection. Probably the most notable is their collection of Auto glyphs, which is larvae lab.
1:00
Project after crypto Punk's. They hold the second largest collection of audio clips with 26 pieces. Second only to larvae Labs itself. The current floor on of glyphs is insane. It is 314 ether around 1.3 million per Auto glyph in of T. The also hold art from digital zones, death beef, mutant garden and Avid lines to name a few. If you're into smart contract art, then fingerprints is certainly one to track and pay attention to and potentially even join.
1:29
All right. Let's talk to Louise founder of fingerprints. Now.
1:35
Louise, thank you so much for joining me. Yeah, thanks for having me very excited to talk about all the stuff that you've been up to, especially with Dows. Where to begin. How did you get involved in this crazy world of in ftes and dowse? So the beginnings and crypto more generally, I come from traditional Finance is to work at Goldman and Blackstone before left in 26. Start to get more involved into startups and crypto if you don't just had just went
2:03
Through the first down, the one that like the Genesis down. Yeah, the failed, right? Yeah, we should fail spectacularly. And at that point was almost like there was a big threat zone at the theorems existence. I would say that was the sentiment back then but I went to this conference in San Francisco where fredersen on the knee from five coin and italic itself. Like it was there and my feeling was okay. I got may be understood 10% of what they were talking about, but this clearly had is bigger than
2:33
Single event, so, I decided to buy a little bit of it, trying to the Bitcoin position as well. 2017, came complete craziness and this you, as most people probably remember. And eventually, in 2018. I decided to go full time into crypto. I started a crypto Kwan's fund and we trade Bitcoin ether. Bitcoin. Future is either Futures and they have a partnership with the largest ones funds here in Latin America, and that used to be my full-time day job.
3:02
Until beginning of this year, started to get really interested in in ft's first from the defy side, but eventually it got into art. So first actually, I bought a punk actually soda Punk. So had this feeling of okay. This is actually something people are collecting. There's some real idea of ownership here and that flip my mind. Okay, this can be more interesting than that. There's some new component here. So I got into art block and from art
3:31
Looks I got into Autobots. So in other words, were the moment we're okay. This is has a historical factor to it. It's, it's clearly art. Like it's, it's referenced in which was earlier movements generative art movements as started in the 60s and the idea back then was okay. If we buy enough of the glyphs, we can use that as a shelling point. The focal point choose started, do. So. I put together is a small group of early contributors, if my new favorite from
4:01
He'll show the Unicorn who got, who understood the basic idea? And we started by buying 20 other glyphs and forming the Dow. And then the doll started to sell tokens. To raise more eager to buy more art. Eventually. Got you five percent of the other glyphs? And now we have left, much bigger collection, where the largest collection of stuff that beef as well, which is also a member. And then everything started from there and evolved into a bigger Vision, so much to unpack here. One thing I think would be fun to bring
4:31
Audience along for the ride because I know some of us were collectors, but can you tell people more about the Auto Glass Project exactly what it is for those that can't quite visualize it. Yeah. Sure. So Auto glyphs are April, if you know crypto Punk's, which is considered one of the first and ft's all the ghosts were created by the same artist or that's where creators are the labs and other glyphs are the first example of own chain generative art, which now is
5:01
Became very famous with our blocks, but what? Our lives are very basic and simple instructions, code. Instructions that is stored on chain. So we stored into smart contract where basically the art is the set of instructions. This is not necessarily something new. So solely weights has been doing was doing those in the 60s where he he has this wall paintings. So it's a set of very detailed instructions on how to produce the
5:32
So an algorithm but he was doing this on paper, the idea with autographs and large Labs, explicitly states, that on the autograph Page Plus should reproduce that with new technology. So they created the first example where the actual token for the NFC is the art itself. So when you look for autographs and you see the image, this is one representation of the image, but the trouard instruction like which
6:01
Character? Are you using any which in which way the character is going to be disposed over that the who artwork like this is the whole concept behind generative art and the fact that they did this in 2019 so early, it has a historical component that is a matched by anything else because that's the exact reason why I purchased one way back when. And they look, it's interesting. Can you describe the aesthetic because they're made of standard, I guess ASCII characters. And when you look at them,
6:31
Close. I feel like if you look at them too close. Well, it depends on some of them are very complex right out of the gate like you look at them. But some of them you almost have to back up five or so feet to get revealed. The kind of Greater picture. Would you agree? That's true. Yeah. Yeah, so and people will crazy after this idea of like, how about you show in discovering little details? Actually are the logo and fingerprint, and now is on board, who keep glitchy logo to unload. It true that beef we can talk later.
7:01
But it's like a hashtag because that was one of the hashtags we had in one of the other of us. If you look very up close. Oh, you're using them for that with a different structure. So like, it's interesting to see how this emergence from the code itself. Creates those different patterns and our human Minds. Start to associate figurative, images to that. So people see how this looks like. I don't know. A face, a panda. People have names.
7:31
Them. But it's very interesting because a lot of this is our interpretation as humans from what the machine is doing, right?
7:39
Yeah, and so when you were first started collecting these for the Dow, just to give people a sense of kind of where we are today, versus where we've come from. What was the price when you started putting this collection together and then, where are we today? So my first autograph, the one I bought for myself, I think it was like, I bought you gather. That was the same day. Me and G seeing Vassar reform on the same evening. I think amazing. Yeah. It was like, we're both. I think we're both in short blocks before.
8:09
Sure, but I remember basically bird like Frank sure true think about pulling the trigger or not. And I saw he bought one s. Okay. I have to buy one as well because the floor went up. I think it was 25 feet back. Then the first one and when I actually form the initial group to buy with the intention to form a dough already. I think we bought around 60, the floor. We bought some some so we bought.
8:39
In 450, we bought other like more rare types or a higher price, but that was like, the price from sixty to a hundred and something. Well, the cheapest autograph is almost 400 e what percentage you say of it? So there is a total of. Is it the copy? The 10,000 model used to be 512 Auto glyphs. So and someone Burns one.
9:02
Someone sent one autograph to the contract itself. So now there's 511. So the supply went down, but we have five percent of the flytrap, 2602 gloves. Wow. Okay, so you've got this. Apply you created. This Dow people start coming together, contributing Auto glyphs to become a member. And now, let's walk through the token Dynamics is, I'm always fascinated about how these dowels function, because they're also drastically different. So you got this big pool of glyphs. Now, what like, what did you talk about?
9:32
Then what happened? So the basic idea was in the beginning. We allowed people to contribute glyphs Ori.
9:40
Actually, we had one member who contribute a cliff but gaudy and exchanges. Well, it's a large collector and one member actually contribute, tribute fractions of a glyph. So, and we not exactly fractions, but the nft X token, which is like the index and we write it. Once you have one, you can draw one from the boat, but most members initially contribute. He's so, and the initial group of members in Phase 1, when we open the Dow and we launched the token,
10:10
Was like 50 members and we use these to buy more glyphs. So that was the initial thesis. But we always wanted to expand Beyond beliefs, but we wanted to do it in that context of a dow itself. So putting together a curation committee, having decoration committee to decide what makes sense. Because in a sense, you are almost lensing or the what you brought with Clips. So the religion glyphs itself as true,
10:40
Through the other art, I was out, put it differently. So by collecting glyphs we're bringing a lot of validation to the Dow and we could lend this validation to other works of art, but we had to be very focused because we didn't want to become like an index by every one of everything. The ideal should be very focused on what like was really Innovative was really taking the next step in smart contracts. So the Mandate was exclusively
11:10
For smart contract, like generative on chain. Our tour was just on chain, or did it have to be generative as well. So initially we have this very strong Vision on Chang.
11:23
But very quickly, we realized that this could be true restrictive. And there was definitely some part that had some components that wasn't necessarily on chain, but was Levering does Smart contracts itself. So we step back and we said, okay. What are we really thinking that is interesting. Beyond the simple fact that autographs are stored on chain. Oh, we are leveraging. The fact that we are using this new medium, smart contracts to really produce.
11:53
So in that sense, that allowed us to collect for example, so make sure I've chance work. That is more conceptual, but uses more complex is now reading. Interesting way, that's beef. Also entered the collection harmed, wonderful? Mutant Goddard Garden. Seeder also entered the collection. So, the idea is, if you're using smart contracts, in an interesting artistic, interesting way, it could be part of our collection.
12:22
Very cool. And then, where did you, how did you leverage, and expand the pool of capital? Then it was through the issuance of this token that allowed you to, then kind of recapture a lot of that Capital to go out and invest in these new project. Is that correct? Yeah. So the model for that, you actually copied from pleaser, do was formed by, don't know, maybe two weeks, three weeks before us. I'm also a member at pleaser. I became a member after words.
12:52
But the idea was in the beginning, the people who contribute for the founding collection. They got a share of the tokens 50% of the tokens and the rest. When should the fingerprints Treasury? And the treasury is what we are selling for eith to increase the collection. So we did three rounds so far.
13:15
First two rounds were with individuals only. So members for the dial, like individual members for the do. Now we have around 250 members last round. We actually had for the first time funds and funds. Subscribe, 50% above the last sequence and we had undressing Horowitz, A6, easy and Union Square Ventures. Among other funds who contribute to this round as well. When you think about venture capitalist,
13:45
Debating in these rounds. What value do you believe they bring to the table? Because in some sense I've heard of projects may be a little bit more on the defy world but projects that say well Venture money is actually kind of Tainted money and it's not good for the community aspect and we want to keep this clean. What's the pitch from venture capitalist? And how do they work? Is that they're pretty regulated entities? I'd imagine they have to do kyc process and all.
14:15
The members like was are all that not necessarily some funds. I think they work like this, but some funds are already structured. Should do token Investments directly. Also, they're just buying the tokens. They're not actually. Yeah. Okay, so they're not participating at the Dal level per se, or are they, they're buying the tokens. And some of them are actually contributing members. They give their opinions, like they're not the most necessarily the most involved members, right? But we have, I think the biggest
14:45
I think the the funds have brought to us apart from the capital is validation. So a lot of people feel more comfortable if they see, okay, those big name funds that are involved in this project. And I also think they're important own strategic issues. So they cannot necessarily contribute a lot as a member in the day-to-day operations, but whenever you have, okay, we have this huge strategic issue here. How can you help? Can you help us with some PR?
15:15
Are so I think it's it was something that we were experimenting and that's why we put a cap on funds participation and the last row. But so far, I think it was positive.
15:28
Let's talk about some of your other items that you've collected, deaf B5 had on the show before. How did that connection happen and what Drew you to death beef? That's really interesting about the towel as well. The fact that we started with auto glyphs, a lot of arches already loves daughter gloves, and they understand that our lives are like the OG and that area. So from the beginning, we had a lot of arches as members. So that me was a member from the start. And of course he was doing a lot of interesting work, many members.
15:57
There's already single. Okay, we should collect. That. Thief makes sense. First. You're like a thief. So like it was one of the early things we decided to to focus and it was great to be first to be and close to him because afterwards we every time we have a decision a curatorial decision is part of the creation committee as well as some other artists who were collected. It helps like having the artist I and have the artist being part of the decision. It really helps us to
16:27
To should be ahead of the people who are just like buying stuff because they think it's oh, this looks nice. This looks mildly interesting. This should go up. We have it's a different process. I would say. Yeah, you have quite a few you have 12, you have the entire collection and then some correct. Oh, yeah. We have a full set of beef. I think we have from his last series. We bought his sold for we bought. True. We deliberate.
16:57
We stopped ourselves refrained ourselves from by more should not become like too big because I also feel like what we're trying to prove here in a sense is like what fingerprints you want should be, is to be like the taste maker. So if you just become the tastemaker because or like you prove, something is good just because there are buying so much of this. It's like a conflicting force would say so we want to choose show. Okay, we buy it. We bought this because if fun.
17:27
It interesting where keep buying if he releases, but we don't have to become like the we don't have to buy everything and to have the price going up to to cause that artificial Dynamics, right? Yeah, that makes sense. You don't want to be the sole owner. Jeff. Peace. A yeah assistant for anything, right? I think we had like all the autographs. I wouldn't like that and assess. If you love The Art you have to let it go to a certain extent. Absolutely. One of the things that I think is one of the most fascinating
17:57
That I was turned on to and read about. I'm not an owner of this project, but I thought it was quite beautiful. Is the mutant Garden City serious. Can you tell people about that? So this is by harm funds, or people also became a member of the do. And what he did in this project is to create those pieces of art that evolve over time. So the mutate like they're almost like they there's the their Gardens but they're evolved over time. Some of them involve money.
18:27
Leslie. Some of them involve every other day and the idea is you have an ever-changing artwork. So the artwork is never completed which is something impossible to do with traditional art. So in every way, anything everything that we have in our collection is something that if you take away the Block Chain itself, it wouldn't be possible. So it's really leveraging, the power of smart conference. That's why I feel that what we've
18:57
So far is very, like, it really shows the possibilities of this New Media. I had an interview recently with someone from traditional art, magazine and gets to this question among traditional art. Okay. This is a Nifty thing. Like, just speculation young people thinking, they just discovered something and are making money out of. It doesn't make sense. Does he bring anything into the art world? I think this fees is of
19:27
A smart contract part is something where you can really take something that is completely it wasn't possible before and you're giving new tools to the artist. Yes. So in a sense, it is very hard to be against. So if you take the smart contract, a side of it, it wouldn't be possible to do this kind of art. So I think like your egg already expanding your own creativity, in a sense if there's something really amazing about, kind of living artwork, like the example this.
19:57
A garden Cedars, like, how would that have ever been possible outside of this? And yes, there was generative art before we could capture on the blockchain, but in a sense, and I used to go into Galleries and Moma and a bunch of the others over way before any of this was a thing. And when you would see kind of the genitive art exhibits, they were always on in and contained within devices that would erode and Decay and eventually become obsolete, right? So, it was like an impossible way. There was no way to really capture this.
20:27
For the long term. Yeah, just the idea that we can now. Yeah, go ahead. But also something that just occurred to me that we're seeing and we're actually helping us group of people doing this. Some people did some of these artworks before the 90s and now they're looking to update the artwork onto the Block Chain. So yes, now it becomes truly perennial, you know, like it won't I. So, this is something we are also very excited to be doing because in a way it's what you said these
20:57
Artifacts will degrade actual certain extensions Hardware. It will degrade. So having it on the boxing is a way to show that you have. The arch should be permanent in a sense. Yes. And easily transferable versus sending someone a huge mess of display with some kind of computer attached to it. Well, that's great. So, any other projects actually, I want to ask you about one that's really potentially a little controversial and and I'm just curious to get your take on it. The color glyphs. So do you know the background story? There? Is that something that you just haven't touched?
21:27
At all, or are you pretty well? Versed on that project. So color do. This is an interesting idea. The idea of doing a derivative project, a lot of lips. And this by the way, is an idea we took for our cell phone at the edge lines, and I could talk a little bit about that. But I think colored Lives who were not executed very well. So the idea initial idea from my understanding or color glyphs, was that the glyph owner would be able to maintain their color cliff.
21:57
But some bug in the contract allowed for people to mince them freely. So, in a way you you took and you broke the link between the original art and then you art. So, we have among our down members like people who are like, like the largest Glatt for holder is adult members of its, we know like this. Oh, geez, and they were not very happy about this idea. And I think it also broke a few of the basic idea of, okay. You have your Auto Glass
22:27
You'll get your color glyph. It wasn't like this, but the idea of having something like a derivative. I think it brings value to the collection itself. And I think that's one thing that brought a lot of Electro Punk's, the fact that people do so many derivatives, but we always, I always had in the back of my mind, like, this idea of, okay, if we could return some of this to the owner, the original owner itself, it would be so much more powerful. So we had that, actually a profile.
22:57
Of concept. What we collaborated with Baris, The Arches behind from Origins and foam squares? And we did added lines and I would lines is basically it uses the auto. Lift, as the basis for the art, that is very different. But the original OG laughs owner has to whitelist, their glyph Truman for the people. Two men, the Avid lines, and the original owner got 10% of the Enterprise. So in a way, what?
23:27
It's almost like you're not necessarily staking because it's still in your wallet, but you're allowing for people to use the art and you get you're getting paid for this. So, I think, like this model for remixing. The Arts is very interesting and it could be extended to other collections. Yeah, it is a really cool model and I'm a fan of the Avid lines. One thing to mention real quick about the colored list, just for my kind of perspective and take on it.
23:57
When I first saw color because I was like, wow, that's a really beautiful because it did turn what articles are black and white and do something where you look at them and they're just, they're quite striking. I'm kind of torn because in my head it would have been one thing. Like you like I'm cool with derivative projects as long as they're inspired by and not just clones of right? And the color glyphs they were clones, but they added color but I think their heart was in the right place.
24:27
That they were they coded the contract with the intention of giving them to the original owners. There was an exploit that happened and then that obviously the the it did not roll out as intended, you know, you have these now that they're sitting at a floor price of 5 .9 eith for the color glyphs. They're also quite old at this point on the grand scheme of nft. Are these came out a while ago. I don't know. Do you ever see there being any collectability? I mean, there isn't a sense that there's a hundred forty nine.
24:57
Owners today that are holding a floor price of 5/8 or six Eve. That's not nothing, but you just feel like you would not want to any of your existing Auto glyph members are fingerprints members. Do they hold any of these colored list, you know. Well, I know DC does but maybe a few of them, dude. I never did my view on color glyphs was at some point. Stop tracking the market, but at some point there were like five percent of the price of water or Olive and I mean, it doesn't make sense to me.
25:27
Would you pay if you have a Picasso and you have derivative Picasso, it should cost like a hundred times less, if not more, like, maybe, 200 300, so it still feels overpriced English. When I look at this proportion. Okay. There's this thing that people seem to care a lot about all. This is a very old project and I think there's some Merit to that and I also think that this idea what you mention about the intentionality is important. So the idea was to be very legit in that sense, and there was an exploit
25:57
I don't find them particularly appealing from a static or perspective. So I wouldn't personally collect and from the Dow standpoint. I don't think they had a lot from the artistic perspective as well. Like, from glyphs itself something where it's a derivative, but it actually brings a new component. And you artistic component could be more interesting than simply adding color. But I think it's fun. Like people can collect some people like shoe match. There are a glyph for their color glyph.
26:27
It's fine. It's fine. I wouldn't necessarily in on a relative basis. I feel they like either or gloves or underpriced or color glyphs or yeah for prize. So, in the relatives, it's a interesting project. It is a head-scratcher because I the only saving grace I have there is that I feel like they were trying to do the right thing. But, yeah, and this counts. I think I think intentionality is very important when we are in a early stage kind of environment, so, mistakes happen. So, yeah, I've seen some crypto Punk's projects, where they
26:57
They just move the punks to another chain and I'm like, that is not cool. But that doesn't mean derivative. You don't understand. And also I think like the there's a lot of overlap in the people who I think that this does not happen at all with Solana punctures. Right? Right. So the second most collected project by fingerprints are army boots with 22 of them. I mean largely, because I guess you, when you had an article, if you could Mentor me bit, right? Yeah, that wasn't like correct or a decision. It was
27:27
It's like a decision of mincing and not selling but we should do a better job in like separating. This is a question that comes a lot. Yeah for us. What is the core collection that we actually curated? What? Our projects, like Avid lines where we have a collection of advantage plans, but that was part of the whole project. So with projects we want to be more playful with our car collection. Want to be very full and what are like other assets like we have crypto boxes land. We have we have cyber.
27:57
Our space we have me bits and other things so this is like separating a little bit. That would be we could do a better job to me. Yeah. What's the future for the Dow? Like, where do you see this going? And actually, you know, I'd love to also talk about raw data as well because I guess that's your next project. So the overarching view for fingerprints is that we want to be as I mentioned like the pacemaker for one of the tastemakers for this new cultural revolution that we're seeing.
28:27
Right now. So this includes both our main collection, but also bringing understanding for people about this new medium, reaching out Trump. The more traditional wired world like, we did, like we're creating a very one of the collectors who are creating the solid base natively upcoming auction. So, like having this conversation to, with the traditional art World, showing how this can be interesting as well. But also, if we have something that we see that it makes,
28:57
It's sense as a thesis, but it's not connected to our main diseases or smart contract art. We want to create an environment in a doubt where people can explore and this projects and we can eventually incubate other dolls. So this idea for all Doll came from this place.
29:17
Raw is Adele focus on photography.
29:21
That is completely the very different vertical. If we think from Smart contract, part generative art, but we've been collected, but there was a lot of support from the membership.
29:32
To do something like that and I started to realize that there was a new Dynamics Possible only with what I call like the nft stack ethereal and ft is like the tokens on top of that. But also social stack just scored Twitter where that was their work. Communities forming around the ownership of Photography. So something that wasn't possible before. It's now boss.
30:02
Well, because these assets are all J. So the idea for raw is basically, we have most of the successful photographers who are meeting and FTS just a number. So I know Alejandro, Carter, Hannah met many other photographers that, I don't want to get line to ensure each release. Otherwise, I'm going to show it to forget everybody, but like 20 to 30 photographers. It's incubated by fingerprints. So, fingerprints members are a part of it and the idea,
30:32
'He is for us to completely delete the onboarding of traditional photographers, who most of the great traditional photographers are not in FTS than should be risk. This achieve them. What does that mean? So they can we can choose. Well, we are a platform agnostic. They can means anywhere but we are going to be the first collectors. We are going to help. Okay. This collection makes sense. This function is increasing. We're going to be the first collectors and by from 10 to 25 percent of
31:02
They meant and help spread the word and also curate. So it's the idea is that the average quality of the nft photography goes up. So we have a few photographers already on the pipeline and we should start you collect and curate, and let more people what we're doing over the next one or two weeks.
31:22
That's awesome. Is this something you're going to open up to the public at some point? Yes. Yes. Yes. - yeah, how will that work? So the what we did was the founding piece for the collection, was the number one piece from just sing a verse on us collection, twin flames. So white and white in flames. And I wrote up about it, and maybe you can link that. But just seeing was able to prove that from the power of community.
31:52
Can value and in photography and acted. Like he was the first truly successful for NFC photographer just in just sold last week on Christie's one of his photographs for a 1.1 million and what we did me and another member we purchase the most important piece of just sings a collection to In Flames 49. So a little bit on shoot flames and Justin, I think it was in the show before, right? Yes, just as been on the show.
32:22
Oh, it's fantastic. Yeah, so this is the only so he did this to honor his his twin who died and this is the only picture in the whole series. That is a true newest Trend that is representing the loss of the laws between and this piece has an interesting story because it was the first time ft Photography in a major auction house. So sorry babies when they did their first natively digital auction. They open up for One Piece should be decided.
32:52
The community, who whoever like the Twitter and people would vote to put one piece up there and just sitting by his like Community. Building abilities was able to put this piece up there. The piece was bought, the piece was later fractionalized and we did the fractional by out of the piece for 506. This is the founding piece of the rock collection by quarter glass were back. Then for fingerprints raw has a larger. Hello.
33:22
Asian for the treasure itself, so the treasury of raw folds 75% of the tokens so we can be more decentralized overtime. Fingerprints is going to take the major stake on the the existing tokens. And the idea is for us to do a similar process where we sell tokens from the treasury on board new members. And we collect this new photography, both photographers. We are onboarding and interesting photography that is already melted.
33:52
Ft. The idea is to do, basically what we did for fingerprints, for photography with a idea that for photography, have to be a little bit more active because the greatest photographers and like there's already a lot of work that has already been made. So it's just a matter of getting them to mint as tokens and for a show to collect to really on board people and for them to become crypto native. So they can find a community, you can find a place where they can show their
34:22
Photography and for the collectors to have a strong signal. So in a sense our idea is organized and structured that market the photography and ft Market. It's too when you compare to generative art, for example, so the whole photography markets is less than 25% of the market cap of the dancer, for example, which is a single or blocks collection. So like the opportunity is, I would say it's gigantic because
34:52
Still very early days. Yes. Yes, so, but the market leg structure as a collector. If you have, the experience collecting photography is a lot of noise. You don't have a strong Pretoria view from anyone like you like the light signal and for the photographers like the the great photographer Fleur nodding nfc's. It's very risky for them to men's and start promoting their work. Brings a lot of anxiety for them to have to deal with all of that. And the idea is to have this Tau
35:21
Who has skin in the game because it's Binder Photography, but also serves as a strong signal, for people who are buying, which, what is quality in this world, and people who are deciding this are the photographers themselves. And of course like the larger collector Community is going to have some being put to invent. So your idea there is kind of a the photographer's get to decide. It's almost like they're a big chunk of the curation and editorial piece is is based on the put back into the
35:51
His hands. Yeah. Yeah, so we want to have at least a few verticals because if we put only the photographers in charge, let's say of the whole curation you lose the feedback from the community and some people. Well, we are going to see some different Dynamics from the traditional world compared to what we're going to see Hearing in NFC. Is maybe people find some other collections interesting because of the narrative, the story.
36:21
Three. So we don't want to exclude the collectors and the members at large to from the decision. But the photographers are going to do a lot of the curation who have the creation responsibility. Because Indians like they know much more and it is it's great. I have been learning a lot in a sense. One thing that Alejandra are Diana, we discussed a lot about those ideas and he always says that it's we are rediscovering photography, the hope the hose story of Photography and and FTS.
36:51
So people were drawn first floor like Adventure photographer almost like postcards and now they're going to more like documentary photography. So it's almost like we are Reinventing the wheel and this new in this new medium. Yeah. So it's important to have the the input from the I would say like the people who have been thinking about that for a long time, but I came to realize is that a lot of the photographers are like, what is he? Like the Geeks that we have like an engine?
37:21
Of Arts. We have the same for photography. It's a very interesting Dynamics to see. That's awesome. Question about Rod out. Is this something where you said the existing holders are going to be allowed in from fingerprints. How big does the Dow grow to how many members and because it is so new. What is the application process look like? If it's, someone is listening to this and they're either an artist and a photographer or they're just a collector or they're just someone that wants to hang out on Discord and learn more.
37:51
Or what are the different levels of participation? Do you envision for this dowel? And how would someone get started? Yeah, so we have been circulating a forum where people can apply and say, oh I can contribute. I'm sure the Dow Matrix into this, or that it's to a lot of the decisions are going to be taken as we formed the doubt, and we are little bit of process of that. But my vision for raw is for Raja, be more. It's easier to join compared to fingerprints. I would sing like a lower buy-in because in a sense, we don't want to exclude.
38:21
Blue people because the market is to information. So we want people to, okay. I'm just starting to learn about photography. Like, I don't know one day, like what should I collect? May be joining. The Dow could be the first step when we look at fingerprints. Most, most of the people already have a big collection and they want to be part of this is a more exclusive Club to a true to a certain extent. I think it's better for a Nifty photography and in general for us to be more open.
38:51
So, in that sense, so I expect brought you have more members than fingerprints, The Venture how many members and fingerprints 250 around 250. So this could be a 500,000 person kind of thing. Yeah. That's the. Well, we are going to discover if how manageable that is because remember, like, in the middle of this process of collecting creating, where's to learning about how to really manage, I've used this analogy before I think dowser almost like
39:22
So you have some intentionality on what you are doing there, but you it like the final outcome is outside of your control in a sense. So you have to to create the right environment for the thing you wanted to grow. But ultimately this is going to be organic process and we are so early in the dogon. I think those are going to be able to things that are much more impactful in the real world. Like I don't conservation life extension research.
39:51
Like tackling the real big problems, but we're assuming the fun and games faced by people. We are get a lot of the tooling is still very poor. Where's to understanding? How exactly should we coordinate? Should they be run? Like companies? Are they like clubs? Is that something in between without Playbook is to like being written as we speak? So absolutely, I'd imagine that will be the case for a few years. Yeah. Yeah. Okay, imagine like, in a sense.
40:21
Startups Hatcher to go through the same for the same period of like Discovery. And now we have if you want to build a SAS startup is like new, have a playbook for this like how to scale where you get money. So for thousands to very, very experimental innocence and we have a miss a lot of regular regulatory Clarity. So, there's a few different approaches, but I think I'm excited about the possibility, because I think, whenever government fails because of its inefficiency, or even like the fact,
40:51
At that governments are restricted to their National boundaries and private companies fail because they lack the well, the incentives are not exactly there for private companies to act. I think those will be the preferred option. So conservation. Something that I think it's very obvious where both are failing and I think structure, like, Adele could could help with that ventured. Yeah. Absolutely. Well, this has been fantastic. The any, if someone wants
41:21
Fall you and kind of keep track of all these different styles. And also what you're up to personally where would be the best places to go. So Twitter at dgn DEC region Tech. This is mostly where I am. And of course, fingerprints to squirt. I think it's a great place. If you want to learn about everything we're doing and then when does the raw Discord open up? Is that going to be something that you're going to kick off soon? So we are currently draw live.
41:51
Eggs inside of fingerprints, Discord eventually, it makes sense for her to move there, as well, to move to another Discord as well. But for now, he lives in fingerprints and it's going to leverage a lot of fingerprints truck. Current structure for at least in the formation information. Period. Well, Lois, thank you so much for being on the show. This is awesome. The chatter shouting. Yeah. I'm very excited to watch the future of both the dowels, but really excited to see which artists you find compelling on the raw side. It's be fun to follow along and collect as well. Because I
42:21
I like you believe that this is a new frontier on so many different levels for artists of all genres and photography seems like a natural extension to all this stuff. Yeah. Yeah, I think in a sense, the story of Photography like in the 20th century was creating at least for fine art photography was creating artificial scarcity, physically. So, alright, this is only five Prince then prints or something like this and photography has failed should keep
42:51
Base with like painting for example in terms of value. So I think this is an opportunity for good medium with self. You are creating actually enforceable scarcity and this brings a lot of new possibilities. So I'm excited to choose both. Bring the photography that is already out there and show an FCS. But also, once people are on boarded and people understand the community, they understand and FTS. It will be very interesting to see what kind of Photography and art is amazing.
43:21
For this media and are we going to see like collaborations between generative artists and photographers to a certain extent. We already seen this how we collect a work called salt where they are photography, but they change every day because the, underlying, the smart contract changes. We collected. This in domain fingerprints collection. I'd expect to see more of this like this collaboration between photography and other genres as well. So exciting mean, I don't know how you sleep at night. I have a hard time, very little
43:51
I like wake up. I'm like, I know there's 10 other projects. I'm missing. You know, I'm just like I have to help line right away. You'll have to be at peace because it's like a it's a constant flux of projects in you opportunities. In a sense. You have to curate your life as well for the rise. You go crazy. Amen to that. A hundred percent agree. Louise. Thank you so much for being on the show. Thanks, Kevin. All right, that is it for this episode. Thanks so much for tuning in. If you would like to help us out head on over to proof dot XY.
44:21
Ozzy and click on the reviews button at the very top and leave us a 5-star review. Thanks so much. Take care.
ms