WEBVTT 1 00:00:00.320 --> 00:00:05.519 Yes, I feel like pulmarket is really pushing this industry 2 00:00:06.160 --> 00:00:10.359 into mass adoption because like the very beginning, people don't 3 00:00:10.400 --> 00:00:12.759 know this concept, right, so what a prediction market? You 4 00:00:12.759 --> 00:00:15.640 can't trade them for retavy events, like what's going on? 5 00:00:15.800 --> 00:00:20.280 Like that's something mad right now? I beforely one odd 6 00:00:20.320 --> 00:00:24.960 top twenty or thirty all about this concept during that 7 00:00:25.039 --> 00:00:28.519 time last year around November, so it's it's this thing 8 00:00:28.559 --> 00:00:33.640 actually is really far away previously from normal people and 9 00:00:33.719 --> 00:00:36.679 even for crypto people, they don't know about prediction market, 10 00:00:36.799 --> 00:00:39.520 like about sixty months as ago. 11 00:00:44.880 --> 00:00:47.200 This content is brought to you by bitco, which is 12 00:00:47.200 --> 00:00:50.479 one of the top crypto custodians in the crypto industry. 13 00:00:50.799 --> 00:00:54.119 Bitco works with many big companies and brands such as 14 00:00:54.159 --> 00:00:59.320 Pantera Capital, Bitstamp, and bitcoin Ira. Nike also selected bitgo 15 00:00:59.439 --> 00:01:03.359 to power its wallets for its NFTs and Bitco has 16 00:01:03.439 --> 00:01:07.040 many great services such as hot wallets, custodial wallets, self 17 00:01:07.120 --> 00:01:12.000 managed cold wallets, and NFT wallets. Many institutions trust bitco 18 00:01:12.120 --> 00:01:16.200 with its top level security and incredible services such as 19 00:01:16.200 --> 00:01:18.959 being able to deploy your capital while it's in custody, 20 00:01:19.159 --> 00:01:23.079 which includes lending, borrowing, trading, staking, DeFi access and more. 21 00:01:23.319 --> 00:01:25.840 If you'd like to learn more about bitco, please visit 22 00:01:25.879 --> 00:01:29.200 bitgo dot com link in the description. Welcome into the 23 00:01:29.239 --> 00:01:32.680 Thinking Crypto Podcast. I'm your host, Tony Edward and with 24 00:01:32.760 --> 00:01:35.879 me is Rain Wu who's the CEO of Predex, and 25 00:01:36.120 --> 00:01:39.640 Amelia Rain. It is great to have you on the podcast. 26 00:01:40.400 --> 00:01:42.840 Yeah, thank you for hiring me, and it's great to 27 00:01:43.760 --> 00:01:46.359 take this interview today. And now I want to ensure 28 00:01:46.439 --> 00:01:47.519 us more about what they do. 29 00:01:48.400 --> 00:01:51.319 Absolutely, Rain, you and I have met in person, and 30 00:01:52.040 --> 00:01:55.359 you're doing some great things building out preducts and Amelia 31 00:01:55.560 --> 00:01:58.920 and I think it's important for folks to learn about 32 00:01:58.920 --> 00:02:03.040 it given that your leverage AI and blockchain and crypto. 33 00:02:03.239 --> 00:02:06.560 So I think the convergence of those things are pretty 34 00:02:06.560 --> 00:02:09.319 significant and we're seeing some big movements around it. But 35 00:02:09.400 --> 00:02:11.680 before we get to all that, tell us about yourself, 36 00:02:11.719 --> 00:02:14.000 where you from and what's your professional background. 37 00:02:14.599 --> 00:02:17.319 Of course you got to share. So for me, I 38 00:02:17.439 --> 00:02:20.319 previously originally from China, so I grow up engaging in 39 00:02:20.360 --> 00:02:24.800 the capital of China. So around twenty thirteen I come 40 00:02:24.879 --> 00:02:30.319 to us to studying as a computer science PhD student. 41 00:02:30.879 --> 00:02:33.159 So what I did during the PhD time is and 42 00:02:33.280 --> 00:02:38.719 constraints recognitions. I built some pipelines for recognizing faces and 43 00:02:39.000 --> 00:02:43.520 facial landmarks and the unconstrained scenarios, so which has actually 44 00:02:44.319 --> 00:02:50.599 been what did think adopted there on in the academia. 45 00:02:50.719 --> 00:02:53.159 So what we do during that time is basically using 46 00:02:53.199 --> 00:02:57.680 the learning albums to find some of the facial locations 47 00:02:57.759 --> 00:03:00.680 and basically using the learning to the nice who you 48 00:03:00.759 --> 00:03:04.199 are and in some changing scenarios. So during that time, 49 00:03:04.439 --> 00:03:07.840 actually I was thinking about is there a way that 50 00:03:07.879 --> 00:03:11.400 we can build out something really not only for institution 51 00:03:11.520 --> 00:03:15.319 but for every people, right like consumer AI. That's finally 52 00:03:15.360 --> 00:03:18.680 come true. So that is always my dream to build 53 00:03:18.680 --> 00:03:22.639 out something around this customer AI industry. And then after 54 00:03:22.719 --> 00:03:25.960 five years I gariated from the University of Houston with 55 00:03:26.479 --> 00:03:29.479 the best phy student of the convers sign that year 56 00:03:29.800 --> 00:03:33.120 and then I joined Visa as a researcher. So in 57 00:03:33.199 --> 00:03:36.560 Visa I many do it so for detention at anti 58 00:03:36.560 --> 00:03:39.759 money launterings and then a lot of things regarding to 59 00:03:39.800 --> 00:03:43.719 the transaction risk management. Yeah, so dre's the time. Also 60 00:03:43.879 --> 00:03:47.360 I have somend of new ideas regarding it is a 61 00:03:47.599 --> 00:03:51.479 probably a way of doing this kind of AI evaluation 62 00:03:51.599 --> 00:03:55.199 more efficiently. So as we know, like in Visa or 63 00:03:55.240 --> 00:03:57.120 any kind of like a big firm. If you do 64 00:03:57.199 --> 00:03:59.400 mation learning rats a lot of things you need to 65 00:03:59.400 --> 00:04:03.800 evaluate them day and night. So that is actually occupied 66 00:04:03.879 --> 00:04:06.960 most of my job. So are probably a better way 67 00:04:07.479 --> 00:04:11.639 we were thinking, so trying to dominate the democratize this 68 00:04:11.759 --> 00:04:15.319 evaluation when more people get in touch with evaluations. So 69 00:04:15.360 --> 00:04:18.360 that is something like what I'm sort of. Yeah, so 70 00:04:18.519 --> 00:04:22.199 I I was in Visa for four years since two 71 00:04:23.160 --> 00:04:27.160 nineteen to the earlier twenty three and then I could 72 00:04:27.240 --> 00:04:30.759 Visa start my compling. Yeah, that is my background. 73 00:04:31.560 --> 00:04:35.040 And what was your first encounter with bigcoin or crypto 74 00:04:35.360 --> 00:04:36.959 and when did it click for you? 75 00:04:37.720 --> 00:04:41.079 Yeah? So where were beginning? I think I hear a 76 00:04:41.079 --> 00:04:45.839 big cooin in around twenty twenty, twenty eleven or twenty twelve, 77 00:04:46.079 --> 00:04:48.680 actually very ver early. So during that time, actually some 78 00:04:48.759 --> 00:04:51.399 of my roommates telling me, okay, so this is a 79 00:04:51.399 --> 00:04:54.680 new coin called bigcoin. This is actually good on the 80 00:04:54.720 --> 00:04:58.600 equation aurism instead of like the real coin. Yeah, so 81 00:04:58.759 --> 00:05:00.800 when I'll take a look. So there time I was like, 82 00:05:00.839 --> 00:05:04.879 actually get a little bit interesting what happened. But the 83 00:05:04.959 --> 00:05:07.120 thing is that like during that time, I remember it's 84 00:05:07.160 --> 00:05:10.079 really hard to get one, so unless you're minding by 85 00:05:10.079 --> 00:05:14.560 yourself or you actually buy from some of the exchanges. 86 00:05:14.560 --> 00:05:16.759 But I was in China the time. There's that time 87 00:05:16.920 --> 00:05:19.800 it's really hard to get one. So I was not 88 00:05:20.160 --> 00:05:23.279 aware of what happened of this field until I think 89 00:05:23.319 --> 00:05:27.360 it's twenty eighteen nineteen, so some of my friends actually 90 00:05:27.360 --> 00:05:31.040 get rich by buying big coins. That is actually my 91 00:05:31.160 --> 00:05:35.439 second time actually take a close look. But actually I 92 00:05:35.600 --> 00:05:38.480 was actually on til twenty twenty, twenty twenty one, that 93 00:05:38.759 --> 00:05:42.759 is the Devin summer and nat h trained actually the 94 00:05:42.800 --> 00:05:46.600 hype of nity. That is actually exact time I started 95 00:05:46.639 --> 00:05:49.120 to buy some tokens, so I could say like not 96 00:05:49.279 --> 00:05:54.399 that early, but I think until I really noticed that 97 00:05:54.560 --> 00:05:59.199 this technique can do something beyond like transfer the money, 98 00:06:00.240 --> 00:06:04.319 I can really cintimus people to really put their own 99 00:06:04.360 --> 00:06:07.720 money into this to actually as a as an allocation 100 00:06:08.360 --> 00:06:11.120 or just a for speculation. At the time, actually I 101 00:06:11.199 --> 00:06:14.199 read into the game. Yeah, so basically I fall into everything, 102 00:06:14.240 --> 00:06:16.680 but kind of like get into the game a little 103 00:06:16.680 --> 00:06:19.319 bit like a in the serve of false wave of 104 00:06:19.399 --> 00:06:20.360 the crypto. 105 00:06:21.399 --> 00:06:23.600 Yeah, I wonder if you can tell us a bit 106 00:06:23.639 --> 00:06:27.120 about your your thoughts on China and their approach to crypto. 107 00:06:27.240 --> 00:06:30.120 They had banned it and they unbanned it. It's been 108 00:06:30.279 --> 00:06:34.439 kind of flip floppy, right, But Hong Kong earlier this 109 00:06:34.519 --> 00:06:38.399 year opened up retail trading to crypto. They launched bitcoin 110 00:06:38.480 --> 00:06:41.839 and ether et apps, so it seems China started to 111 00:06:42.000 --> 00:06:43.439 embrace crypto more. 112 00:06:43.639 --> 00:06:43.839 Right. 113 00:06:44.040 --> 00:06:46.519 They put out a I think a paper about Web 114 00:06:46.560 --> 00:06:49.560 three Shanghai and all that. What are your thoughts on 115 00:06:49.680 --> 00:06:54.160 China's approach interesting questions? So I think the China actually 116 00:06:54.240 --> 00:06:56.160 always wanted to like testing some. 117 00:06:56.360 --> 00:07:00.319 Person that is the actually what previously you will be 118 00:07:00.319 --> 00:07:02.720 doing in the country. So I I've been in US 119 00:07:02.800 --> 00:07:06.360 for ten years, but I think that like to gradually 120 00:07:06.759 --> 00:07:10.199 get into something, there's nothing wrong with that. So basically 121 00:07:11.120 --> 00:07:13.639 Hong Kong is actually it can think, like an intersection 122 00:07:13.720 --> 00:07:17.399 between the China and also the world of the world. 123 00:07:17.680 --> 00:07:20.600 So they're basically trying to testing from the hub from 124 00:07:20.680 --> 00:07:23.319 the intersection. I think probably is a good way to 125 00:07:23.720 --> 00:07:27.319 start the business. But I think it's really hard to 126 00:07:27.360 --> 00:07:32.399 tell like what is actually going on if we actually 127 00:07:32.480 --> 00:07:36.480 completely you know, adoption the crypto, because like there's always 128 00:07:36.519 --> 00:07:39.199 a double source like the benefits and the cons right, 129 00:07:39.600 --> 00:07:43.759 So until then, like we are very good at to 130 00:07:43.800 --> 00:07:48.120 control some some bad effects. So for for government perspectives, right, 131 00:07:48.199 --> 00:07:51.639 I feel that like like us, right, so they lit 132 00:07:52.439 --> 00:07:54.560 they need to be a little bit cautious about what's 133 00:07:54.560 --> 00:07:57.399 going on. I think the Purple is really decentralized the 134 00:07:57.439 --> 00:08:01.319 forces of I mean, I could like doing some revolution 135 00:08:01.519 --> 00:08:04.560 or somehow you know, reblue something like not working. So 136 00:08:04.959 --> 00:08:08.480 until they have a very strong will of really reublue 137 00:08:08.600 --> 00:08:12.839 something not working. I mean scriptoprob is not there in 138 00:08:12.879 --> 00:08:15.759 the big country, but for a small and medium country 139 00:08:15.839 --> 00:08:17.800 probably this is a little beatale for them. Yeah. 140 00:08:18.560 --> 00:08:22.240 Yeah, I'm I think a lot of people are waiting 141 00:08:22.319 --> 00:08:25.360 to see when China may open up, you know, training 142 00:08:25.360 --> 00:08:28.959 to the rest of the mainland China. I think that 143 00:08:28.959 --> 00:08:31.160 would be very bullish in the market. But who knows 144 00:08:31.160 --> 00:08:32.000 when they're going to do that. 145 00:08:33.080 --> 00:08:33.919 Yeah, hard to tell. 146 00:08:34.440 --> 00:08:40.240 Ye, Okay, tell us about Amilia the platform and products. 147 00:08:40.720 --> 00:08:43.559 What are what are you trying to build here and 148 00:08:43.600 --> 00:08:45.000 what the problem. 149 00:08:44.639 --> 00:08:48.120 Does it solve? Yeah, So in Amilia actually it's a 150 00:08:48.200 --> 00:08:53.159 decentralized Yeah, evaluation protocol. So our dream is that we 151 00:08:53.399 --> 00:08:57.720 basically let normal people to fund problems in the AI engines, 152 00:08:57.759 --> 00:09:01.639 so that we can recomp them the best AI agent 153 00:09:02.759 --> 00:09:05.559 that we have to the right person. So you know, 154 00:09:05.679 --> 00:09:08.120 like there are so many A agent authors and there 155 00:09:08.120 --> 00:09:11.279 are so many people can train different air agents, but 156 00:09:11.480 --> 00:09:14.720 right now there's not a curation platform or like eup 157 00:09:14.960 --> 00:09:17.279 for AI. So we're trying to build up this kind 158 00:09:17.279 --> 00:09:19.840 of Europe for AI that we lend normal people to 159 00:09:19.919 --> 00:09:24.960 evelinescing more efficiently. But the problem is that you actually 160 00:09:25.000 --> 00:09:28.519 there are the can evaluing something already out there. But 161 00:09:28.639 --> 00:09:31.159 for AI, the problem need to come up with normal 162 00:09:31.200 --> 00:09:34.279 people from the daily works, like who will be present 163 00:09:34.399 --> 00:09:36.879 something I care right, Like what is stark look like? 164 00:09:37.159 --> 00:09:41.240 Whether the stars can be like the Hollywood basically win 165 00:09:41.279 --> 00:09:44.919 the oscar price or something like that. So they basically 166 00:09:45.240 --> 00:09:48.399 need to come up the problems from the normal people 167 00:09:48.480 --> 00:09:51.360 side so that the consumer AIS can We're really so 168 00:09:51.519 --> 00:09:54.759 many problems that the problem is to be. So we 169 00:09:54.799 --> 00:09:58.759 want the AMNAIL to be a platform that holding up 170 00:09:58.840 --> 00:10:02.879 different problems that generated by the decentralist human being, a 171 00:10:03.039 --> 00:10:06.120 cross sourcing it so that like we have a problem 172 00:10:06.240 --> 00:10:10.200 marketplace instead of like the model marketplace for AM models 173 00:10:10.200 --> 00:10:13.720 evaluating them comprehensively. So that is the dream of Amenia 174 00:10:14.159 --> 00:10:18.399 and predects actually is an application generated from the amenia 175 00:10:19.000 --> 00:10:24.120 so product application, AM infrastructure, so application perspectives. That is 176 00:10:24.200 --> 00:10:28.519 really people facing. So we give them a future oriented 177 00:10:28.559 --> 00:10:32.600 prediction market. What is future oriented? Firstly, would the problems 178 00:10:32.679 --> 00:10:36.559 come up with human normal people, not actually from a 179 00:10:36.600 --> 00:10:40.000 centralized committee, so that every people can engage into the 180 00:10:40.039 --> 00:10:44.519 prediction market. Secondly, we actually give them the capability of 181 00:10:45.240 --> 00:10:50.080 AI automatic trading or automatic news aggregation. So basically in 182 00:10:50.159 --> 00:10:54.120 products you can exploring in the future all these news 183 00:10:54.159 --> 00:10:57.519 is regarding an event so that you can treat the 184 00:10:57.559 --> 00:11:02.120 even more efficiently. It's actually the future. Why because we 185 00:11:02.240 --> 00:11:06.759 have become a news aggregation engines with a technique power 186 00:11:06.840 --> 00:11:09.879 by the amelia. And third the most important thing is 187 00:11:09.919 --> 00:11:14.039 that we're going to share significant of our revenue to 188 00:11:14.240 --> 00:11:17.399 people who come up with the best problems for the 189 00:11:17.399 --> 00:11:21.039 prediction market. So in that sense, actually people will try 190 00:11:21.080 --> 00:11:24.480 their best to actually think something like very interesting disputing 191 00:11:24.840 --> 00:11:28.360 and what we will get more can valance by just 192 00:11:28.440 --> 00:11:31.559 turning their friends or like other people who make interested 193 00:11:31.600 --> 00:11:35.039 in that, and that will become a hub for other 194 00:11:35.080 --> 00:11:38.840 agents to evaluating them on this question that most people 195 00:11:39.200 --> 00:11:42.440 are about the adopted for. So that is actually, I 196 00:11:42.679 --> 00:11:45.440 think products come up with all this questions that normal 197 00:11:45.480 --> 00:11:50.320 people to treat the sentiment people to contribute in terms 198 00:11:50.320 --> 00:11:54.039 of the great questions, but for AMLIA to finally evaluate 199 00:11:54.120 --> 00:11:57.360 in the air agent on these questions. So that is 200 00:11:57.399 --> 00:12:01.080 actually the reason why we want to build as under 201 00:12:01.159 --> 00:12:04.759 four deeper perspectives. What we want to have this architecture 202 00:12:04.759 --> 00:12:07.240 is because I really noticed that there's a lot of 203 00:12:07.360 --> 00:12:11.480 speculators in the webstree industry. So, but there are real 204 00:12:11.600 --> 00:12:15.320 forces that's driving the industry into the future. Yeah, So 205 00:12:15.320 --> 00:12:20.399 so how we can utilizing the striming forces or motivations 206 00:12:20.440 --> 00:12:24.919 more efficiently for something good. So that is the problem 207 00:12:25.000 --> 00:12:27.360 I think we want to solve. I think many of 208 00:12:27.360 --> 00:12:30.440 the web AI companies they want to divide these two forces. 209 00:12:30.519 --> 00:12:33.799 They want to AI I mean developers, they only focus 210 00:12:33.799 --> 00:12:37.279 on air development and they lenure to token. Really for 211 00:12:37.919 --> 00:12:41.399 the speculators, that's separate them very kind of like you 212 00:12:41.440 --> 00:12:44.360 know widely. But what we want to do is that 213 00:12:44.399 --> 00:12:48.679 we want to integrate them so in the prediction market context, right, 214 00:12:48.679 --> 00:12:51.399 we think that's probably it's one of the best use 215 00:12:51.440 --> 00:12:54.440 cases that we can integrate these two forces. There's normal 216 00:12:54.519 --> 00:12:58.879 people indust speculating on this event, but they contribute the 217 00:12:58.919 --> 00:13:03.000 data looking for what is speculating in terms of actually 218 00:13:03.000 --> 00:13:05.440 what happened in history, what the news to look like, 219 00:13:06.159 --> 00:13:09.000 and then we can using the large length model capability 220 00:13:09.519 --> 00:13:12.399 to help them to better make the decisions, help the 221 00:13:12.519 --> 00:13:16.360 generally better events. So that is how the AI can 222 00:13:16.960 --> 00:13:21.600 more deeply integrate with the speculators, so that the money 223 00:13:21.639 --> 00:13:25.440 can also be distributed to the people who actually developed 224 00:13:25.840 --> 00:13:28.840 the best AI models. So that is the flow we 225 00:13:29.039 --> 00:13:31.320 want to build and want to really close the loop 226 00:13:31.639 --> 00:13:34.480 of the speculator and the AI developers. Yeah, that's why 227 00:13:34.480 --> 00:13:36.519 we need to have this kind of a set up. 228 00:13:37.480 --> 00:13:41.399 And which blockchains are you currently operating on? Is the 229 00:13:41.440 --> 00:13:45.440 ammeiliate platform its own proprietary blockchain or is it built 230 00:13:45.480 --> 00:13:48.159 on specific a specific blockchain. 231 00:13:48.440 --> 00:13:52.279 Yeah, so we are built on base many base base, 232 00:13:52.399 --> 00:13:55.919 but we also working on the others block chains for example, 233 00:13:56.000 --> 00:13:59.759 say which the orangine come from? And also like a 234 00:14:00.039 --> 00:14:05.279 in a mental uh recently baras they can link h. 235 00:14:05.919 --> 00:14:07.879 So the general idea is that I want to go 236 00:14:07.960 --> 00:14:11.639 a multi chance so that we become the best power 237 00:14:11.639 --> 00:14:14.960 prediction market in area of the block chains, because we 238 00:14:15.000 --> 00:14:18.759 feel that prediction market is necessary. But it's not there 239 00:14:18.840 --> 00:14:20.519 yet for many of the black chairs. We know poly 240 00:14:20.559 --> 00:14:23.639 market is the best one there at the Polygon, you know, 241 00:14:23.840 --> 00:14:26.440 for the others blockchain, we really don't think there's a 242 00:14:26.440 --> 00:14:29.799 lot of people working on prediction markets. So if we 243 00:14:29.840 --> 00:14:32.919 have air capability, we have the prediction market. It's the 244 00:14:32.960 --> 00:14:36.399 great Uli, the great talon bots. So we really want 245 00:14:36.480 --> 00:14:39.639 to bring out this capability to each of the block chains. 246 00:14:40.200 --> 00:14:44.120 Oh, yeah, for sure. And then there's a prdx token 247 00:14:44.200 --> 00:14:46.360 if I'm not mistaken for the products application. 248 00:14:47.840 --> 00:14:50.399 Yes, so we are going to launching a single token 249 00:14:50.879 --> 00:14:54.960 with production Amlia. Right now we're thinking about the a 250 00:14:55.200 --> 00:14:59.200 media and we are trying to lancher infrastructure token. Yeah. 251 00:14:59.279 --> 00:15:01.480 It also does people right now they are earning it's 252 00:15:01.519 --> 00:15:05.919 called products. But trying to have one single token system. Yeah. 253 00:15:05.960 --> 00:15:08.840 And then you know, with regards to the predictions market 254 00:15:08.960 --> 00:15:14.080 and placing bets and so forth, who can participate? Can 255 00:15:14.200 --> 00:15:17.559 US residents participate on this? Oh? 256 00:15:17.679 --> 00:15:21.399 Right now? We actually really always a law of at TC, 257 00:15:21.720 --> 00:15:25.159 so that like we are open to the non US 258 00:15:25.279 --> 00:15:30.120 residents unfortunately and basically and also not manage China, but 259 00:15:30.399 --> 00:15:33.559 you can actually trying to go yeah, out of the 260 00:15:33.559 --> 00:15:37.200 country or like some way to actually get into the game. Yeah, 261 00:15:37.240 --> 00:15:40.759 we're pretty much learned from what poly market did. Yeah. 262 00:15:40.840 --> 00:15:44.960 Oh sure, And I guess what type of predictions are 263 00:15:45.000 --> 00:15:49.879 you seeing? Is it like presidential election predictions? Different types 264 00:15:49.919 --> 00:15:53.080 of markets and things happening. What are some of the 265 00:15:53.200 --> 00:15:55.200 you know, things that are popping up that people are 266 00:15:55.200 --> 00:15:55.759 interested in? 267 00:15:56.519 --> 00:15:59.799 Yeah, so how our a platform? I think people in 268 00:16:00.240 --> 00:16:04.320 three different type of events personally about celebrities. Yeah, therapy 269 00:16:04.440 --> 00:16:07.320 is basically famous people and whatever. Celebrity like trauma is 270 00:16:07.320 --> 00:16:10.519 one of the celebrities. Uh, and on is one and yeah, 271 00:16:10.720 --> 00:16:15.480 and also the Hollywood starts. Yeah, so that because celebrities. Second, 272 00:16:15.960 --> 00:16:18.879 you think it's Mimi points or any points riven to 273 00:16:18.919 --> 00:16:23.080 the cripple in general. Right, so because the price is 274 00:16:23.120 --> 00:16:28.399 actually something people really care about and right now actually 275 00:16:28.399 --> 00:16:32.480 in the traditional trading rights, like the price is really 276 00:16:32.519 --> 00:16:35.759 actually wildtile It's actually not like saying that okay, that 277 00:16:35.960 --> 00:16:39.440 pretty civil about seventy seventy k or budeo of fifty k. 278 00:16:39.759 --> 00:16:42.440 So this kind of like a judgment based kind of 279 00:16:42.480 --> 00:16:46.480 like corresponding to a concept that humans really want to 280 00:16:46.480 --> 00:16:50.240 to bet on. It's very very interesting and we feel 281 00:16:50.279 --> 00:16:52.679 like draw a lot of people attention. Yeah, it's kind 282 00:16:52.679 --> 00:16:55.639 of like a you know, a cirt hold of the price. Yeah, 283 00:16:55.919 --> 00:16:58.440 that is something we have. And the third one we 284 00:16:58.480 --> 00:17:03.240 feel that is very interesting. It's somehow relevant to the Yeah, 285 00:17:03.320 --> 00:17:06.039 so to the sports. So you know, the sports is 286 00:17:06.160 --> 00:17:10.799 actually about the think they will become very popular. Like Olympics, 287 00:17:10.839 --> 00:17:14.039 we have all aero championship, and later around we may 288 00:17:14.079 --> 00:17:17.279 have others like also E games, right like for Themple 289 00:17:17.400 --> 00:17:21.880 Delta you know this kind of like electric yeah competition 290 00:17:22.559 --> 00:17:26.319 basically electric games. So this all these kind of things 291 00:17:26.480 --> 00:17:30.200 like might draw people attention. So all these competitions we 292 00:17:30.240 --> 00:17:32.519 feel like people really want to be expressing our opinions on. 293 00:17:32.720 --> 00:17:35.559 So that is a three topic feel very interesting. And 294 00:17:35.680 --> 00:17:39.519 then they have like a bigger trading volumes mm hm. 295 00:17:39.559 --> 00:17:42.720 And you know, do you have plans for expansion you 296 00:17:42.759 --> 00:17:45.519 know who are you looking to partner with different companies 297 00:17:45.559 --> 00:17:46.160 and so forth? 298 00:17:47.200 --> 00:17:50.400 Yes, we are actually firstly we are thinking about partnership 299 00:17:50.440 --> 00:17:54.200 with uh the big layer one or layer twos, So 300 00:17:54.359 --> 00:17:57.160 we're trying to become like somehow like a Dacks you know, 301 00:17:57.279 --> 00:18:01.119 thats like necessary in each other, the kind of like 302 00:18:01.200 --> 00:18:04.160 dig the one layer two. And then we feel that 303 00:18:04.279 --> 00:18:07.680 like catching up the attention of people. It's also become 304 00:18:07.880 --> 00:18:11.920 very very interesting and critical thing for each other Buchain. 305 00:18:12.359 --> 00:18:14.279 So we feel prediction market is a good way to 306 00:18:14.319 --> 00:18:17.240 catch up people's attention. So that is why we want 307 00:18:17.279 --> 00:18:20.559 to have this for each other ut chains. So collaborating 308 00:18:20.640 --> 00:18:23.119 with layer one lyric two is our the top parity. 309 00:18:23.480 --> 00:18:25.759 And second we feel like it will be somehow like 310 00:18:26.640 --> 00:18:30.240 the AI or Sienter Analysis company who want to evaluate 311 00:18:30.279 --> 00:18:33.880 in their air agents or they have the capability of 312 00:18:34.799 --> 00:18:39.240 holding their agents, but for other people to brainding their 313 00:18:39.240 --> 00:18:42.640 own agents on there right. So so that is something 314 00:18:42.759 --> 00:18:46.880 because we want to build up this AI army for 315 00:18:47.119 --> 00:18:50.519 solving out people's problems and then we canting them and 316 00:18:50.640 --> 00:18:53.640 basically becoming the right AI agent to write people. So 317 00:18:53.720 --> 00:18:58.119 the AI the central AI company of course someone we 318 00:18:58.200 --> 00:19:02.279 want to partnership with and then we can invalidate them 319 00:19:02.400 --> 00:19:04.880 or they can find us some of the services. Yeah, 320 00:19:04.920 --> 00:19:08.880 that is the second big proNT of like companies we 321 00:19:08.960 --> 00:19:12.000 are partnership with and the third one we think very 322 00:19:12.000 --> 00:19:15.400 interesting with the oracle. Yeah, so we basically just have 323 00:19:15.480 --> 00:19:20.279 a conversation with the channeling labs and also like other oracles, 324 00:19:20.319 --> 00:19:22.839 is that we need to have the very good data 325 00:19:22.960 --> 00:19:26.559 sources and the people can really find the source of truth, right, 326 00:19:27.000 --> 00:19:29.839 and that is something we want to have. Right now, 327 00:19:29.839 --> 00:19:33.599 our system is driving by voting machaism, So basically, if 328 00:19:33.599 --> 00:19:37.319 people don't agree with something, they can dispute our platforms 329 00:19:37.319 --> 00:19:40.200 and basically we give them this like one or two 330 00:19:40.279 --> 00:19:45.160 days distributing period. If everyone not agree with what's selected 331 00:19:45.200 --> 00:19:50.160 by creators, well revert back the whole process. Right. So, 332 00:19:50.200 --> 00:19:53.440 but we feel that like that may may still not 333 00:19:53.759 --> 00:19:56.839 the final kind of solution. So I think that if 334 00:19:56.839 --> 00:19:59.759 there's someone can kind of r the data in terms 335 00:19:59.759 --> 00:20:03.240 of what is the objective, I mean results of the 336 00:20:03.319 --> 00:20:07.440 event even better. Yeah. 337 00:20:07.640 --> 00:20:10.920 Now, I think you mentioned it earlier, but your platform 338 00:20:11.079 --> 00:20:13.920 is decentralized, right or is it centralized or are you 339 00:20:14.200 --> 00:20:16.240 working towards getting more decentralized. 340 00:20:16.599 --> 00:20:19.799 Yeah, so I think right now as a hybrid, we learn 341 00:20:19.839 --> 00:20:23.279 a lot of the dads in FROST. So basically we 342 00:20:23.359 --> 00:20:26.880 have an un chain costudium, so all the user money 343 00:20:26.920 --> 00:20:30.599 is basically fully transparent on chain. Uh. Yeah, so people 344 00:20:30.640 --> 00:20:33.039 can see where the money is in a smart contract, 345 00:20:33.440 --> 00:20:36.119 so that brings us some transparency and safety. But we 346 00:20:36.160 --> 00:20:39.279 also think that in terms of the efficiency for example, 347 00:20:39.400 --> 00:20:42.839 the other book system, we bring it up chain, so 348 00:20:43.240 --> 00:20:46.880 basically you will have a fully kind of control internal 349 00:20:47.279 --> 00:20:50.400 which I mean order can be metted with another one 350 00:20:50.480 --> 00:20:52.839 so that we can boost in the efficiency. Yeah, so 351 00:20:52.920 --> 00:20:55.200 that is actually on chain because like for this kind 352 00:20:55.200 --> 00:21:00.480 of technique, we feel like it's good to protecting users 353 00:21:00.480 --> 00:21:03.319 from like a potational attacks. Uh. Yeah, just a little 354 00:21:03.319 --> 00:21:06.559 bit for jail and some of the like smart contract, 355 00:21:06.599 --> 00:21:09.319 it's a little bit harder to fully audit it audited. 356 00:21:09.799 --> 00:21:13.319 So that's why we actually want to protecting yeah, this 357 00:21:13.440 --> 00:21:16.279 part and keep it ourselves. Yeah. But so we are 358 00:21:16.319 --> 00:21:19.799 trying to towards a solution that's fully out chained. Yeah. 359 00:21:19.880 --> 00:21:23.759 If all the technique we already have, I'm resolved. Yeah. 360 00:21:24.680 --> 00:21:27.680 So the question for you, you know, regarding security, because 361 00:21:27.720 --> 00:21:30.799 you mentioned the funds will be in a smart contract unchained, 362 00:21:30.799 --> 00:21:34.960 people can view that. What security levels do you have 363 00:21:35.079 --> 00:21:38.240 there to avoid any type of exploits on that. 364 00:21:38.880 --> 00:21:43.039 Yeah. So we have audited by like wory log and 365 00:21:43.240 --> 00:21:48.640 also another famous uh security company. So their idea is 366 00:21:48.680 --> 00:21:52.640 that one thing is keeps the smart contract simple. Yeah, 367 00:21:52.680 --> 00:21:57.160 so don't have too much kind of like a floating component. Uh, 368 00:21:57.240 --> 00:22:01.279 we're clearly writing and so they're like, since this actually 369 00:22:01.359 --> 00:22:04.680 really kind of can be seen by people and that 370 00:22:04.720 --> 00:22:07.559 should be date. So it's the first thing. Second thing 371 00:22:07.599 --> 00:22:10.400 is that like we should put a lot of very 372 00:22:11.160 --> 00:22:18.359 i mean critical operations of chain and even this basic 373 00:22:18.440 --> 00:22:22.359 disconnect from the Internet. It's actually our internal kind of 374 00:22:22.400 --> 00:22:25.519 like the service we have, like some of the competitions 375 00:22:25.759 --> 00:22:29.799 and uh, and you're really limited about all these kind 376 00:22:29.839 --> 00:22:33.319 of forces that open to the Internet, so that we 377 00:22:33.400 --> 00:22:36.920 can protect a lot of like something i mean some 378 00:22:37.160 --> 00:22:41.279 newer applications from a sesstor or system. 379 00:22:41.759 --> 00:22:45.079 And have you done any fundraising? Are you currently looking 380 00:22:45.119 --> 00:22:46.799 to raise additional funds? 381 00:22:47.319 --> 00:22:51.039 Yeah, so we have raised the precede half a million. 382 00:22:51.680 --> 00:22:55.680 We reached the seed, some portion has been committed, so 383 00:22:56.000 --> 00:23:02.000 almost a million has been invested by mutual like Prisina cbcs. 384 00:23:02.200 --> 00:23:04.640 We are raising and what the one I meaning at 385 00:23:04.880 --> 00:23:09.240 around certain meal evaluation. Yeah, so that's still ongoing. So 386 00:23:09.359 --> 00:23:14.039 if then there's investors press contact us. Yeah, so then 387 00:23:14.160 --> 00:23:17.119 is also helping us. Yes, he's a pr O, so 388 00:23:17.640 --> 00:23:20.079 very good guy. Yeah, so we're working together around this. 389 00:23:22.200 --> 00:23:22.519 I think. 390 00:23:22.920 --> 00:23:26.599 So this kind of answers it itself, this question because 391 00:23:26.599 --> 00:23:29.839 obviously you're building a solution but you know, do you 392 00:23:29.920 --> 00:23:35.559 see the predictions market growing significantly? As you know, crypto 393 00:23:35.759 --> 00:23:38.400 is a way for people to trade twenty four to seven, 394 00:23:39.039 --> 00:23:42.480 and you know people are getting more speculative because everything's 395 00:23:42.519 --> 00:23:45.920 on the internet. Now, do you see this market growing significantly? 396 00:23:46.119 --> 00:23:50.039 Kind of like how the presidential election poly market. I 397 00:23:50.039 --> 00:23:52.720 think it is right, people are tracking that who's going 398 00:23:52.799 --> 00:23:54.200 to be president and so forth. 399 00:23:55.039 --> 00:23:59.319 Yes, I feel like play market is is really pushing 400 00:23:59.359 --> 00:24:04.640 this and that's free into mass adoption because like very beginning, 401 00:24:04.640 --> 00:24:07.400