Layer 2 and DAOs as a Way to a Web3 Economy

Transcript

my name is elena sannikova i am admitted.io and my whole team is very very happy to meet you today and speak at adcorn again so today what we're going to be doing we're going to be baking a web 3 economy cake so i'm actually we'll be baking it for you uh that's right so we're going to take layer 2 and then add some ingredients and bake the full blown decentralized economy uh system so we tried this admitted dot io and it works let me see if my slide works so at the first ingredient we take in a layer 2 optimistic roll-up layer 2 optimistic

roll-up is solving the problem of the high transaction fees on ethereum so as you know um as you might know awesome somebody's telling me this slide works okay so this the one uh highest transaction t getting split between all the transactions in a batch and that's how the optimistic roll is processing transactions by the badges but there is three downsides of the optimistic roll-up that's classic optimistic roll-up as we know the withdrawal time is still long the validation is still on conjunction congestion still can happen and the uh gas keys can still go up as the network

gets busy and it's also of course it's decentralized but it can be even more decentralized it's more decentralized than the side chains of course but it can always be more decentralized because classic optimistic architecture is pretty essential so for the first ingredient to solve that we going to implement and we implemented already multi-chain and multi-vm uh structure that is allow as network gets busy to create those resources virtual machines and multi-chains on demand so therefore removing the bottlenecks and making transaction fees even lower

so the next ingredient is layer two to layer one bridge which allows for the fast withdrawals but what it's even better than that it's the decentralized rangers so essentially for the decentralized ranges you uh bake the whole ecosystem exactly with your utility token on it for these taking and rewards so what rangers do they will be validating uh your transactions on your layer 2k and uh so what what we how we how we done it so they process the transaction anonymously means that they never know whose transactions they are processing therefore they are not incentivized to

cheat uh and to improve the security also of course they need to stake a big amount of tokens in order to receive a big rewards as well and therefore the also the tokens will be released in a decentralized way there but then the task after you with all these layers together and that's what we tested so the transactions now taken just few cents just one second and yes are all decentralized on ethereum of course and you can try it out already on test swap dot metis dot i o how it works but then you also need to now on board the projects and attract uh people and

build the whole ecosystem for with the users with the businesses with the freelancers with the developers uh the whole ecosystem and this is the major major task that majority of the projects are facing so what we're going to do in our recipe so make the projects benefit from every transaction therefore driving revenue to them uh when they build on your layer 2 network and uh and at the same time releasing the tokens into circulation in a decentralized way it's a win-win for the projects as well and for the ecosystem and

give them the ability to tokenize and fund uh to create their own token you can also make them to create their own nfts whose business model is nfts and also fund right there on the platform and trade right there on your in your ecosystem and of course the native built-in ipfs storage you know that this is die for because the storing data on the blockchain is the most expensive thing we will ever do so therefore if they have and therefore the project's built usually the custom uh storages and spend lots and lots of money on it so solving

by solving this problem adding the native built-in ipfs storage where they can store files and share files right on the in the ecosystem gives the huge huge benefit for the builders and one more perk and a layer on the cake is the no code smart contract tools so this something that uh beginner blockchain projects line up for the ones that don't have uh money for the expensive blockchain developers so uh you can generate smart contracts just at the click of the button and this is something that we are building at police dot meetings dot io you can check it out already too

and uh one of the main main cake ingredient very tasty one it's the embedded dao structure so we call it dec decentralized autonomous company so it means that it's not only handled just voting but it's complex complex collaboration making people to connect to each other people projects to connect to each other on the platform in this safe way uh so you notice probably that lots of blockchain companies now are going decentralized they're going down uh but they all face the problem okay so how do i manage so this is what exactly what we are creating uh and decentralize

the autonomous company infrastructure where it's not only the voting but it's also you can hire people you can hire freelancers you can pay them salaries uh you can manage the work tasks report on their performance and also handle the ownership so it's a win-win and as well you with this structure you can attract not only the projects that build on your literature but also people you know business owners investors employees freelancers developers and you give them a reputation uh mechanism and therefore they can identify which projects they can invest uh and you give investors of course the ability to

invest in the projects on your platform right through this uh decentralized autonomous company structure and last but not the least i've seen on the cake as taking benefits and that's how you attract so basically you pay people to uh train uh to create your own uh to create the dac's and that's what we do and what they do they actually start benefit from it as well so they not only learning but you are paying for that learning and you're paying for developing that ecosystem so uh stake in to create the dao they incentivize to hold the tokens as they stake they

invite more people into the dao your ecosystem uh grows and uh you reward endow owners and down members more members more rewards and also you provide them project investment opportunities which of course it's very very valuable thing so we are baking the cake at medius.io we have many other secret ingredients so just to sum up layer 2 optimistic roll-up multi-chain and multi-vm for the to uh eliminate the bottlenecks decentralized ranges to make it completely decentralized validation and ecosystem layers you to layer one bridge for the

fast withdrawals uh projects gets a revenue from every transaction they make projects also can tokenize create nfts and fund on a platform uh also they have a native built-in ipfs storage and no code smart contract tool and for the users on the platform this advanced uh dao structure which is the decentralized autonomous company with complex collaboration with us taking benefits we have um other secret ingredients to the cake so subscribe at meetings.oh and also join our telegram mrs dal and we have the same together meetings tao so you can follow us there so what is baking right now for meat is

in september 2021 we go live uh with our public test net uh with already advanced dollar infrastructure so people can now create the dallas join the dallas and drive this taking benefits from it and we also enabling layer 2 to layer one bridge uh which means that the even from the public test net they will be able to withdraw the tokens to the ethereum main net so in september 2021 stay tuned and uh in october 2021 we go on main net so that's where projects can start benefit benefiting from every transactions or transaction already so if you uh would like to

build apply admittance.your grants that's where right now we have about 50 application 50 quality projects that we are shortlisting and we are releasing the uh partnership information one by one in our twitter and our telegram you can go back check who who we already on board uh so fast uh withdrawals few cents one second on our layer two projects will get benefit uh and will get revenue from every transaction and uh also will be able to tokenize fund and build um use the ipfs storage and of course smart contract tool on top of that we also have our pool of investors if you need an additional investment this is

something that we provide then we provide with the review of our investors because we know now which nurse is good which are bad and or also we can uh provide you with all the marketing benefits and technical help as well and our mitigaton is starting on october 2nd offering one million dollars in prizes poo so apply it hackathon that means simple task build ethereum's up on the meteos layer 2 which is completely even compatible of course all decentralized on all on ethereum so yeah here the shortcodes are we very very happy to build this decentralized ecosystem uh where anyone can benefit and anyone can

build on and anyone can build it in a simple and affordable way and uh for the that was taking benefits of course if you're interested in joining the ecosystem uh join uh subscribe and join telegram and join the twitter and of course myself i elina seonikova and uh all our 26 people that spread all over the world at meetings.i oh we're very very happy to be represented today at athcon and to help ethereum ecosystem to build this cake so have a great rest of the day or should i say taste of the day thank you