Welcome back to another episode of the Boonafide Experience! This week, we have j1mmy.eth, Founder & CEO of NFT42, a website that has created amazing projects such as nameless_nft, AvastarsNFT, nftsmart, and nftlandofficial (will post links below!

This episode is short, yet jam-packed with value, j1mmy has been around the crypto scene since 2017 and is a pioneer in the space who is pushing the limits of blockchain technology. One of his projects (nameless) was the platform that both GaryVee & Pranksy used to build their NFT projects!

This episode is meant for the beginner, I do a lot of rapid-fire questions, and change topics quick. I'd highly suggest using this episode as a diving board to your journey into NFT's, and relisten if needed.

j1mmy socials & sites

Twitter
NFT42
Avastars
Nameless
NFTsmart (prev. tokensmart)
Metalympics

Boonafide XP Website & Patreon

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Boona Signature

Transcript

[boona]:

And re life here good morning. jimmy, how are you?

[j1mmy]:

Great, how are you doing? man?

[boona]:

I'm doing well. I'm doing well. it's been. uh. it's been a good week. So far. Uh, how about yourself?

[j1mmy]:

Uh, good. I just got back from New York City. Uh managed to somehow sneak into jy's Forty Forty Club for his eighteenth anniversary of that. that club and uh met a bunch of really cool folks and a couple of celebrities. and uh, just uh back in Texas. Now,

[boona]:

That's a pretty as' A pretty strong flex for an interro man. I like it. it's it's pretty incredible. And uh, it's one of the things I like. I've been talking a lot about this scene, especially in the past couple of weeks. Is that you know, historically, without uh, this technology that we're both obviously obsessed about. Is that the barrier or the? the? I guess the the level of access that we get to have? Um, for being a part of such a small community? I think that I think any barriers that we're there have completely disappeared.

[j1mmy]:

yeah, it's kind of crazy and you know, Um, you know the the access that we're We're all collectively getting to both celebrity and

[boona]:

Hm.

[j1mmy]:

entertainment and Um, you brands and stuff right now and then also, like you know, people like tend to think that like I'm a big deal for some reason and that like they're like. Oh my God, you talk to me and you took the time and like, Really, I'm just like everybody else. You know. the space that just like loves what we're doing. Like En, If T are cool, it's the future. Let's like talk about it and figure out how to make it all work together.

[boona]:

And and I think that's part of like I. That's like the attitude that you carry. Like, Like, Specifically, what you just said is like. You know, people think I'm a big deal, but like really, we're just all in this together to like to talk about it. We love this new technology. We, that's what I think is very different. I think what excites me about this culture is because anything new and shiny and exciting people tend to again put those barriers in place, and like wall themselves off. But like this community in this culture has been entirely the opposite.

[j1mmy]:

Yeah, I think part of it is too. that. like you know, the stuff was in invented in. like you know two thousand seventeen. You know a

[boona]:

Yeah.

[j1mmy]:

little bit before, perhaps, um, but like two thousand seventeen. So, and and um, then, like everybody, kind of left the cryptos space from our perception, the n f t's perceptions, Uh, the entity community, and like we had two thousand eighteen and nineteen kind of by

[boona]:

Mhm,

[j1mmy]:

ourselves. Um, and we still felt like what we were doing was very groundbreaking and important. Um. and now that there's people now that think the same thing and are coming back, I think we're all so excited that. Um that what we bet on is actually you know coming true. Um that we're just willing to take the time to like, Spread the words still, 'cause we were evangelizing all through those times when no one wanted to touch crypto. Um. so now it's fun because you know every time we tell somebody

[boona]:

yep,

[j1mmy]:

about it we can see them get excited. I mean, I know it's a poorly timed worder, but it is what

[boona]:

yep,

[j1mmy]:

it is. Um, I'd call this the Bi. you know, spreading the n f T virus. It's very much a virus

[boona]:

y.

[j1mmy]:

and I can tell when people catch it because they can't think about anything else all of a sudden. Um, and it's obvious we're very like you can see the same pre behavior from one person to another, obvious we're very like you can see the same pre behavior from one person to another,

[boona]:

yeah, yeah,

[j1mmy]:

so I don't know what else to call it other than a virus. But my job and all of our so I don't know what else to call it other than a virus. But my job and all of our jobs is really to spread this virus, so there's virs out there. jobs is really to spread this virus, so there's virs out there.

[boona]:

yeah it. yeah. there's some good ons in. Yeah, and and just to give a a quick y, two minute, two minute into a background to like who you are and what you do, and like why you know, like why you are. you know, like just who you are and what you're doing now

[j1mmy]:

Yeah, Sure, so I'm jimmy jimmy, dod eth jimmy, With the one Um, I have been collecting at to since two thousand, Seventeen, and uh, I previously started another business in the Google enterprise space in two thousand Seven, and uh exited that in two thousand and thirteen. Uh, and n f Ts is like what I was looking for in between when I left there and what I found. Um, and I started in the Crypto kid' community as a collector, and then I became a moderator, Um in their discord, and then eventually Um got convictions to build my own project and I built Uh abasars, Uh, which is a a personal profile picture, Uh, a collectible stored entirely on the block chain, Um, the images and the meta data. Uh, That's important. I won't go into

[boona]:

Right,

[j1mmy]:

Y right now, but they are. They're there forever if you buy and have a star. It's always there And then now, Um, we're building a minting platform called nameless Um. Gary Vainerchuck is one of the first projects is Vfs projects with the first project to do that. And uh, we've worked with several other uh ho, high profile customers since then. and uh, our building heads down building right now, so we can work with a lot more here in the near future.

[boona]:

that's incredible man. that's a. that's a great. That's a great interest. I think you praced that one before

[j1mmy]:

It's maybe a little bit.

[boona]:

a littlet. Yeah, yeah, absolutely, and and and just to just to give you a little bit my background like I, you know, I really. I couldn't give two shits about the blocktain in twenty, fourteen, twenty fifteen, and twenty sixteen. And even like really, all the way until you know this past February, you know, Um, I didn't Because, And it wasn't that it wasn't hostile or it wasn't personal, but it was just that I couldn't find a real life use case so I couldn't see like how this. Like no one could really explain to me how it was actually beneficial. Besides, like, Oh cool. we just value this cool technology like awesome. but you know now we're built now. Like. Really, what got me into this thing was when people sold that six nine million piece that caught my attention. It like raised my eyebrows a little bit. and

[j1mmy]:

Oh yes,

[boona]:

and and that, that's what. I'll tell you. That's what caught my attention. But what kept me there was the clubhouse room afterwards where they had medicoven uh, and tubidor in that clubhouse room and they were explaining Uh, the reason why they bought it. You know they had one of the alien punks. I can't remember his name there, but the alien punk with the top hat in the pipe. he was there and just hearing the sheer like emotion and energy that was being just like shared in an O.

[j1mmy]:

it probably was it, silly tuna. Maybe

[boona]:

I believe so. yeah,

[j1mmy]:

did you sell that punk or something? Maybe short, Bea.

[boona]:

yeah, but he went into like the whole back story of it like the The You know, the. I mean, why it was so important to him How it was a part of his life And I just said this is some. This is incredibly nerdy, but like this is, this is so cool man, like I. I feel like this is exactly what I've been missing.

[j1mmy]:

Yeah, I and I think that's like the beginning of that virus

[boona]:

Yeah,

[j1mmy]:

that I was talking about. Toocause. You understood like just how powerful the so was.

[boona]:

yp.

[j1mmy]:

There's a great community there. I mean there. The fact that you know you can, Um, digital assets can now be owned is

[boona]:

yeah,

[j1mmy]:

a hard concept. I mean, I think we finally gotten past that right click and save me that everybody was talking about. You know, kind of looked at it as a fool, no matter who you are in the world. If you say

[boona]:

right, right.

[j1mmy]:

that, Um, and it's understood that ownership means you can own it. Yes, someone else can make a copy of it, but those people can't sell it on the block chain, And you know the person who that K. just like you know, but people sold that sixty million dollar, sixty nine million dollar, and M t, right and medico, and paid for it. Matter of first, paid

[boona]:

yep.

[j1mmy]:

for it right. They were willing to put down that money to do it, and really, that moment was kind of like a big spark for the mainstream space. Um, and so really, uh, really important. Uh, in the uh, history of En of T. I think you know even more so as people look back in a few years.

[boona]:

yeah, yeah. I mean, and I think that's what. Uh, what what I started learning was when when I started diving into this is that I, You know. not only was I part of that club classroom. I actually like recorded that on my ipad. like on top of like, just because, like I wanted to record that moment in history Because I and I shareed that to my friend. I'm like you got to check this out. I'm like you have to like.

[j1mmy]:

Yeah,

[boona]:

you have to listen to the energy that's in this just audio chat room. We can't even see each other, but we all

[j1mmy]:

yep,

[boona]:

just had this collective spirit and I'll be honest, like even I, I was sold, but I did about three to four months of research before I even bought my first Npt T. because like I was, I was sold, but I'm so like. That's still a lot of money to throw into this. you know, on a on a jpeg,

[j1mmy]:

yeah,

[boona]:

right,

[j1mmy]:

really. The only reason I bought a crip to Kitty initially is because I was mining a

[boona]:

yep,

[j1mmy]:

theorem and kind of like you like there wasn't anything to do with the theorem and I like I can buy collectibles. I love

[boona]:

right,

[j1mmy]:

collectibles and I love like video games and things like that. So to me like I have played Doda two for, like you know, the last eight or nine years, and uh, I've spent thousands upon thousands of dollars on skins in that

[boona]:

Mm, yeah,

[j1mmy]:

game. Just that are just Co cosmetics and some of them I can I sell and stuff sometimes on the steam market place. Um. but you know I've always had that desire to be able to act, actually sell it for real money. Um, that doesn't involve like extra steps and things like that. and N f. T's kind of to me like Li, that fire and I had a theoryem from mining the theorum, So I had. I didn't have to like. Initially put cashion to the game or anything like that. I end it up buying, you know, a couple hundred thousand dollars worth of materum before, Um. I finally figured out how to

[boona]:

yeah, right,

[j1mmy]:

just like make money in the space

[boona]:

yeah,

[j1mmy]:

natively. Um, but but uh, initially I was just spending the mining proceeds that I natively. Um, but but uh, initially I was just spending the mining proceeds that I got got

[boona]:

gotcha. I mean that's and that's cool. And and the I love that you brought gaming up. Because that's where my roots are embedded. That's where that's That's always been a place where you know I could build a community around something I really loved. As is my escape as a kid. you know, I'm a huge

[j1mmy]:

Mhm.

[boona]:

halo, Uh, first person shooter. I like yours a war. I like Call duty. I like you know. those. Those are what. Those are. the games that I grew up with And you know I think the funniest use case

[j1mmy]:

I, the world War craft, and like Doda, that goes to like my roots. Go ahead. sorry.

[boona]:

gota gotcha. No. No, but that, I think that's the fascinating part because gaming, I

[j1mmy]:

Yeah,

[boona]:

think is one of the biggest use cases in in n f Ts are like why they're so valuable Because you look at the c. S history of like selling skins for thousands and thousands of dollars. That provided that they didn't do anything. but it was purely cosmet,

[j1mmy]:

Imagine about what skins are useful in other games

[boona]:

right,

[j1mmy]:

as well, And that's what the meta vers is, And that's what N f T is unlock.

[boona]:

thank you. Thank you and I. I've been trying to make that point because I still have a like a couple of toes in the gaming community and the online twich streaming community. And and what's fascinating is that they're still heavily on the right click, save as me, like they're still so heavy in that. And I, just the irony is

[j1mmy]:

Talk well, like use there, like C, s gun inside of a Fortright game. And that's the future they're making

[boona]:

right, right,

[j1mmy]:

and to do that by right clicking and saving a copy. A picture that war. How are you going to do that? If you can't prove you own the gun, They, the fortnight's not going to accept a picture of the gun They're going to accept. Exce, the proof of ownership layer, which is a non fungal token.

[boona]:

right right right. And I like how we're kind of like defining all these simple examples through things that we enjoy because I think with me the the, The, The kickers, that Vaalorant is, you know, probably has some of the coolest skins on the market today. Like there's like you can have a dragon as your sniper rifle. It's animated. It has these, you know, blow smoke out and it's like imagine having vaolant skins in other games or imagine having like that in in the fascination. Yeah,

[j1mmy]:

It or hating. This is exactly what we're going with things so like in and like N f, Ts is the bridge to get us

[boona]:

right,

[j1mmy]:

there. So it when gamers should I, I'm a gamer like this is the dream come

[boona]:

y,

[j1mmy]:

true. Um, and hopefully, like other gamers who are like participating in these online economies in the games like, understand that the next step is this ownership that goes outside of the platform that the game is on. And then, like developers, understanding that means that, like you know, that valiant weapon could be seen in Fortnight. And how do you get that Valiri weapon? Well, you go and play this followering game, or you buy it off of a uh, a market place,

[boona]:

yp.

[j1mmy]:

and Valorant themselves can get a royalty off of that sale Like it's a open e open ecosystem that the Meverse will end up, the The Metaverse will thrive as an open

[boona]:

Yeah.

[j1mmy]:

ecosystem. Um, and developers going to have no choice but to adopt open methods. Otherwise they're just going to be kind of forgotten

[boona]:

right

[j1mmy]:

about. Wardens are going to die.

[boona]:

and I. I. I think that's an incredible. I. I love that samement because it's it's It's breaking down a lot of the barriers that we like kind of going back to the initial part of the conversation. Um, you know, but one of. since, since we are a little bit crunchhed for time, you know, like I love touching on the gaming thing. It' its. It's it's something

[j1mmy]:

Yeah,

[boona]:

I'm incredibly passion about. but you know this is just one use case of it like I like. Obviously this is what I enjoy. but to me what I didn't know about myself was that number one in the traditional art world. I could get two shits about the Mo Lisa. I don't care about. Like not to say that I don't recognize the talent like, but I don't see the value in that like Di Vinci. like. I respect it, but I wouldn't be willing to pay millions of dollars for it. You know, now, like a fidenza. That is something that is a pretty dope thing. that if I had the money to pay a million dollars for I would do it. you know, but it. it unlocked this new idea of like what art actually means and what this generation defines art. You know, like how this generation actually defines art because arts incredibly subjective. and it's what people. art is what people say art is. Um. and

[j1mmy]:

yeah, I got in trouble like two years ago for basically calling someone's art like trash, and uh, like basically saying this is bad art.

[boona]:

yeah,

[j1mmy]:

And you know I learned very quickly that you know. Uh, baby, like playing in their pooh is and wiping it on the wall is an artist. Like if we just go to the like lowest primitive that you can like anybody wants arts. To say they're an artor and they're

[boona]:

yeah, yeah.

[j1mmy]:

an artist and you're not allow to argue with that. Um, but yeah, no it. it's really interesting with the new, Like with the fact that like n f T's allowed digital artists, and like motion graphic artists and things like that. Now who have just had to make very career driven up to

[boona]:

yep.

[j1mmy]:

this point in order to express the talent to be able to come into a space where people can recognize that this is art I appreciate and want to own right. Like before. They may have like been able to say. Oh, this is cool. like I can like save a copy

[boona]:

right.

[j1mmy]:

of this and maybe set as my screen saver, but there's a very different primitive, Uh, and an in and feeling about owning a piece of art that somebody drew that you know that you

[boona]:

yep.

[j1mmy]:

own. Um. and this is' like This is like basically a digital renaissance of for art taking place right now, Uh, largely because of N f Ts, and the technology that has allowed people to create digital art being built up on these. Last you know, this last like hundred years nearly now. I guess

[boona]:

No, kidding me in In In traditionally art collectors is A is a scene where you just have to go on like, but I told. But but it. but I said so or like. Just trust me, dude, you know or like to, You know, like y you,

[j1mmy]:

yeah, oh yeah. I. I. I'm buying traditional art, contemporary art now, uh, real life art, and you know art dealer tells me this is how much I just sold this to this person for. and I believe him,

[boona]:

right,

[j1mmy]:

But like you're right, like it's not like I can look on the block chain and confirm some of these things.

[boona]:

Right and I, And and the reason I, why touching it is because I think it it. We've you know, Webtfno, uh, introduced this culture like web, all like obviously meaning social media, you know, and e commerce and digital platform, and and interacting with each other on line. I think it introduces real like we've gotten spoiled with like being able to literally just take you know Artwk and put it on our computer. And we've also been

[j1mmy]:

Yeah,

[boona]:

really spoiled in the sense that like we, we're only showing our bestselves on Web to point out like we're only showing the the Ws. We're only showing the victories. And

[j1mmy]:

Web three, we got our our well or right now, our whilell. it is our

[boona]:

yeah,

[j1mmy]:

identity right, and there's a whole social layer to

[boona]:

yeah,

[j1mmy]:

that, Um. And people do see everything that's done on these wallets. You know. Granted a person could have like you know, their own other Wa. they don't disclose. and things like that. Um, that's not actually how I operate like you know. my stuff's pretty damn public. you know it.

[boona]:

ten. it's in new user name.

[j1mmy]:

Yeah, jimmy I one. um, And you know I, my vult, which is also still tied to that domain. It's a vault that jimmy dod eath, So you know I, you know it's M my pro. My stuff is known, Um, you, and it it's really interesting because you know all that stuff is there. and and really like, I think, Uh, none of the tools have really been developed yet

[boona]:

Yeah,

[j1mmy]:

to really do this deep anonysis of all this. So it's going to get really interesting when people go back and and find things in people's wallets. And you know, figure out how it all went down, and the connections between people, like that social graph itself is going to be extremely interesting, so um, I'm excited about it all. I mean, look, I, uh. I. I'm actually a big advocate for you know, data, privacy and use of privacy. I think zero knowledge proofs we won't get into that. That's a way to protect user data and privacy in a way that hasn't been possible. Up to this point. Um, also can be applied to n f, ts, um. But I also believe that there's something really powerful about these uh, online public profiles and the way that the transit's very transactional and transparent in nature. Um. It allows us to do things without central authorities. Uh, like banks and things like that. You could get alone based on your wallet and things like that without having to go through traditional approval methods. There's a lot of stuff you can do here and you, and like you said, it's not just gaming. it's not just art. These are like proof of ownership.

[boona]:

right,

[j1mmy]:

We could be talking about the Dee home, we be talking about keys to your car, are, um, it can be your identity itself. There's a lot of very important use cases to be played out for N. of Ts.

[boona]:

and I mean, and and even take it a step further, One of the industry we have't touched on is music like you know. every concert ticket can be an entity like you know.

[j1mmy]:

Oh, absolutely a

[boona]:

Yeah,

[j1mmy]:

concert ticket and people can drop their albums in f. t. uh, I bought a music kind of ta this morning. Uh, my friend talks to me about it last

[boona]:

shit,

[j1mmy]:

night. he said It's one of you know, one of the first. He probably thinks it's the first, but it's one of the first Uh musical. N f T drops. Um, and uh, so I went ahead and bought one for point, zero, eight, four eight or something like that.

[boona]:

yeah, I mean, my first, actually, my first ent, T. purchas was the Kings of Lelyon album. Uh,

[j1mmy]:

Oh, yeah, at once, so yeah,

[boona]:

yeah, yeah,

[j1mmy]:

yeah, got Kings Leon. I was purchasing them from much more obscure

[boona]:

yeah, yeah.

[j1mmy]:

people on super couple of years ago, Um, as well,

[boona]:

sure.

[j1mmy]:

like just examples. the first examples of a music n f. t. Um, So it's all V. it's a. It's a huge use case. right, Yeah,

[boona]:

yeah. yeah. and it, and it gets rid of these secondary scalper market. It's like on you know it, it, It does create a secondary market, but it can make it more reasonable and it's not in the hands of a central authority. It's in the hands of the community.

[j1mmy]:

it. you know who's getting the

[boona]:

Yeah,

[j1mmy]:

money So then you can sort figure some things out

[boona]:

yeah,

[j1mmy]:

like you know. A lot of people probably don't like recognize like fully, that some of these big ticket companies are like providing Tnches of tickets to like resellers. And there those resilers are going using market places created by the people who sold the tickets to begin with, created to get an additional fee. You know, some of those things are a little bit. Uh, you know bullshitty,

[boona]:

yeah, yeah, yeah,

[j1mmy]:

so yeah,

[boona]:

yeah, I. I. I. I think that's a. I think it's a massive one because I'll tell you it's one of the. It's one of the things I hate the most. Is that like you know, I'm a huge tool fan and you know, like tickets sell out in like seconds, and they crash websites and they, and it's and it, And but I will be. I'm that super fan that will pay a scalper to do it. Unfortunately, that's like one of the few times I am, but we get to we get to like, potentially remove all that. And if you biy from a person where you know where the money is going over a company where you don't know where it's going, you know

[j1mmy]:

yeah, it doesn't So it doesn't solve

[boona]:

it doesn't.

[j1mmy]:

all the problems, but at least is transparent. Um, and then there can be other ways like there's There's the idea that like Um, you could set restrictions and say that you, you know you have to have an account for x amount of time. There's there's not cha things you can do to like, basically set and gate, Um things. you. maybe you have to have a previous tool ticket in your wallet, you know, or you can't have ever had a tool to get in your wallet if you want it all. Anyways, there's like a bunch of like

[boona]:

Yeah, right,

[j1mmy]:

cool

[boona]:

yeah, and plus you get to lay her.

[j1mmy]:

stuff you could come up with, but at least a new system that we can work with instead of just being like behind like a a curtain and not being able to tell Like like. That's why it's important to talk and collaborate with people and express ideas. Um, so that we can design new ways to do things that are better and make more sense, Because I guarantee you these ideas are all within our heads already. We've already thought of them through the years and our frustrations, and playing his video games and doing these experiences. It's the man. I wish it was like this, Or imagine if it was like that. If we all come together with these ideas and talk about them, then we're going to be able to build like a really great future in the mevererse.

[boona]:

Yeah, Yeah, and I love that, And it's again, it goes back to the culture of like we. I think it goes back to the root of everything that's being built on, which is the Blacko chain. Is that it's a trustless system. Therefore we have no incentive to not be trustworthy to each other. You know people are, and it's going to happen,

[j1mmy]:

Very.

[boona]:

but there's

[j1mmy]:

I. I've sent more money to people that I've never met in my real

[boona]:

yep.

[j1mmy]:

life. like you know, on a on a trust

[boona]:

Yeah,

[j1mmy]:

in a trustless system, but based

[boona]:

yeah, yeah,

[j1mmy]:

on trust, and like you know, reputation matters as well, And you don't want to blow your reputation in a small and nacent and growing space. It's going to be become less relevant Now people are now leveraging people's reputations and saying hey, I'm this guy. Send me money, please,

[boona]:

right,

[j1mmy]:

and I'll send it back to you, orre like, Oh, you're that guy. I'll send you that money,

[boona]:

right,

[j1mmy]:

and then it turns out not to be that guy, so myself nor anybody of any prominence will ever ask you for any eth or for ask you for any key phrases, or ask you for any passwords or anything. We don't want it. If somebody ask you for that, just tell them the fuck off.

[boona]:

right, right exactly

[j1mmy]:

Yes.

[boona]:

and I, it's

[j1mmy]:

yes,

[boona]:

funny you bring that up because like it wasn't in that specific scenario, But just because this is brand new and my lack of paying attention, I was doing eight things at once. I. I actually had a problem with my hardware wallet and I was looking. It was with the collab Lambt, or with one of the bots for discord to help me get a new uh role and

[j1mmy]:

yep,

[boona]:

it wasn't working right, so I hadd contacted support of a telegram and telegram had ment in their. In their telegram. I said We'll never reach it. We' never de me first. So I said Okay, so I. I. I hit the question, but then someone damned me, and so I. I. The the trust was there that this was support. Um, they said, Oh, it's just you need to connect your wallets together through this site. Well, me having complete blind trust and not thinking twice, I entered my in my hot walle at my seatphrase. All my eth was gone. Yep. yep. yep. yeah, it it burned.

[j1mmy]:

yeah, man, yes, it has been happening more and

[boona]:

Yeah,

[j1mmy]:

more recently, because like, it's more popular

[boona]:

yeah,

[j1mmy]:

now and it's it really really sucks. These are very expensive lessons for people to learn

[boona]:

they are. However, there's a. There's a lot of things to be taken from this number one. it was point four five eth that got stolen, so it was not by any means a small amount of money, but it wasn't life changing money. It wasn't like

[j1mmy]:

right,

[boona]:

I hadd bet the farm on it, and this is my life savings. You know. Yeah,

[j1mmy]:

I know friends. I know friends who have gotten wiped out and like, not like you know hundreds of thousands. but like everything they had in the space

[boona]:

yep,

[j1mmy]:

like gone in a matter of moments right.

[boona]:

yeah, yeah, no, the G. The good part is that Yeah, I got to keep my Nf. Ts. I had a reserve wallet where I was able to to transfer micro transactions to get to get the gas. Like to to put it over. And just for those listening gases, like the network fee used to like move, you know things on the block chain. So Um, the but the wild part and I will will be wrapping up here shortly. Was that I'm actually part of the photo, uh, fractional community, And Um, they did a giveaway or they were doing a game where they gave away two nf ts, um token holders and you got to play a game. Well, you need to have more money to play the game. so I didn't but I was airdroped two n f ts. Two community members actually needed those pieces to complete their collection to win the master prize. I got my entire investment back in a week. you know what I mean.

[j1mmy]:

it's all. Yeah,

[boona]:

So I got to keep my of Ts. and I got my initial investment. I used my savings

[j1mmy]:

huge lesson

[boona]:

and I learned a huge lesson. Yeah,

[j1mmy]:

like it. That cost is not bad at all.

[boona]:

no, no, it's

[j1mmy]:

Yeah,

[boona]:

not. And and but it just goes to show. I think I experience every emotion on the human spectrum that they um, or that that week, and that was actually the day that I had actually tagged doing in that Gary Vitwe, And so I was experiencing a rush from all of the engagement on that too. That all happened within like three days of each other four days. Um,

[j1mmy]:

y. Yeah, which is year in the metaivese?

[boona]:

exactly exactly last piece. I want. Touch him before we really wrap things up. Um. is is aroundcause? it? Something that you mentioned is that you've sent people anonymous money in a trustal system based on the trust that they'll give that back or they'll give you what you had asked for. Um, I think they such is on a larger picture. and again, the gaming community has a is saying this too is pseudonymous culture, like pseudonymous society. Like where you know, we don't see the actual people that we're dealing with. We deal with avatars. you know. Um, and to me, what I've seen is that this actually like re. This has, in some cases, in a lot of cases can remove the implication of human bias and allow people to like work with people that they don't know who they are. where they're from. They just know the qualifications of what they can do.

[j1mmy]:

Absolutely, and if you put a personal profile picture in front of it, that's an alien or an ape

[boona]:

Yeah,

[j1mmy]:

or a lion or whatever, then you have No, and you don't know of what gender they are. You have no idea who the real person is behind it. It drops those barriers very

[boona]:

yeah,

[j1mmy]:

quickly because you can't make any assumptions like you can assume. this guy looks like their personal profile picture.

[boona]:

no,

[j1mmy]:

this woman looks like their personal profile picture. But you know I was on. I got into a Um, was in a twitter spaces yesterday and it was turned out to be a pocast and the person that got on had a picture of an eight and I said Hey man and it was woman.

[boona]:

yeah, yeah,

[j1mmy]:

right, She spoke and it was a woman. So you know you can't even assume gender or anything, and yes, I, it breaks down barriers. I've actually, um. I'm wondering if you' heard me talk about this anywhere else because I've talked about this other places where I believe that this does actually break down those same barriers. It allows us to um, interact with the person on the merits of the conversation, rather than judging them for any other reason, other than like, Maybe what you know, if someone was using like some personal profile picture I thought

[boona]:

yeah,

[j1mmy]:

was like a crappy project. I might judge them for that versus' a puk, but they, they have that pump. Could you know if I looked in their while? they better own that punk Because that's a whole another thing right.

[boona]:

right, right, right, right, right,

[j1mmy]:

So I actually think that like n f ts make good, uh identity, Um, and that an en T can move from wallt to wallet, so it's easy to identify who a person is based on that en a T being in the wallet at the time, Um, and uh, more so than a wallet address. Um, but I totally agree that this is a helps level the playing field and gets rid of rid of some of the social issues that we see today in society. Um. I personally am un'mocked I'm not I' jimmy dit ee, but you can find out who I am if you look into it. Um. I'm comfortable with that. I'm decided I was building a reputation based on

[boona]:

sure,

[j1mmy]:

who I am. Um. but uh, it's interesting in the space that there are people who have

[boona]:

yeah, right,

[j1mmy]:

remained anonymous, Um and still found success as like leaders and things like that.

[boona]:

yeah, I mean, but you're You're a perfect example of of building the future while yeah, I mean, but you're You're a perfect example of of building the future while operating in the current present moment. Like, what's the best way to build this in operating in the current present moment. Like, what's the best way to build this in the present moment? People still need a face to the name for a lot for a lot of trust the present moment? People still need a face to the name for a lot for a lot of trust to be built. you know. to be built. you know.

[j1mmy]:

Yeah, it does. the The whole anonym inonimmity thing doesn't actually work. Uh, if you want to be like a a creator in the space

[boona]:

Yep,

[j1mmy]:

like, Other than some exceptions, like if it's an artist like pack, that's fine. Like, do you really need to know who that

[boona]:

right,

[j1mmy]:

artist is? Probably not. Uh, if uh, you have someone like you know. It worked for Saoshi Nakamoto who created you know bitcoin. Um, but it wouldn't have worked. I don't think for for Vtallic for

[boona]:

right,

[j1mmy]:

creating a theoryem like Y that next step right, um. I, I don't think there's very many examples of it being a great idea to be completely anonymous.

[boona]:

Mhm,

[j1mmy]:

Um, but I do think that like having that online persona that's behind things that doesn't allow people to judge you initially in a way that is negative or has affected our current culture. I think that I think it is important

[boona]:

yeah,

[j1mmy]:

and I do think what you're saying is right right now. We're at a place where it has to be both to make sense, but perhaps in the future we do move to that 'cause we can do reputation based on like interactions and things like that. It hasn't been unlocked yet,

[boona]:

sure, sure,

[j1mmy]:

but the the G is there once Da's there, and you have someone who's reputation has been built up over fifteen years or twenty years. The chances of them doing something nefarious with that reputation are much lower than someone who's had that reputation for a matter of minutes or months. Um, and that's when you can start to have a little bit more pseudon, pseudo, and no, in more that,

[boona]:

yeah, yeah, yeah, yeah,

[j1mmy]:

and like you know, I think that's when it starts to make a lot more sense.

[boona]:

absolutely, ma'. I mean I, I'm glad we end it on that point. I know we' giveiving you about one minute before your hard stop, butjimmy, I want to. I want to thank you for coming on, man. I really appreciate to make it some time and hopefully we get to do this again.

[j1mmy]:

Absolutely, man, I be having to come on get a couple of months. This is a great conversation

[boona]:

Absolutely, man, Hey, have a going brother.

[j1mmy]:

right, Take care.

[boona]:

all right, Byebye.

j1mmy.eth

founder/ceo- @nft42_
making @nameless_nft @AvaStarsNFT, & @nftsmart, @nftlandofficial