welcome to another edition of expert talks by kalkine tv i'm sage today's guest is ms vivi
lin partner at octopus network and she is an award-winning tv personality crypto influencer
and media advisor she works as a spokesperson for octopus network a web 3.0 infrastructure a
columnist for financial times china and she's also a media advisor for various blockchain projects
now prior to that vivi was a bilingual tv presenter and producer for reuters financial tv
and china's national tv global partner for china's top crypto media mars finance so we have lots to
gain from today's show please keep watching till the end welcome to the show vivi thank you for
having me sage it's great that we have got you here we better make the most of our time together
firstly congratulations on the success of your startup an innovation is the driving force of the
tech industry how are octopus networks innovations setting it aside from other protocols please
well thank you for all the kind words stage now innovation is definitely driving the industry
forward now at order person we believe that innovation must deliver real applications and
real use cases and to be honest this is actually what is lacking in the web 3 space right now
and that is why at auto first we aim at solving this problem by offering the solutions
to bootstrap and run app chase now you know you might ask um how is that helping right so having
one specific blockchain for one application can can help solve many problems um in particular the
bad user experience problem which is one of the biggest pain points hindering mainstream adoption
um in in this space now to be fair there are other protocols um trying to solve this problem
so to answer your question how other person is different uh there are obviously many you know
in they're different in many ways but i will sum it up in three points uh first the cost
so the cost for an app chain to boost rapid auto burst is much lower now i don't want to go into
all these technical details but the bigger picture is building on for example polka dot
cost at least millions of dollars because largely because all the projects there share the security
costs on one generic power chain but with us app actually to customize the level of security they
need and leash that at the market price so that brings down the cost drastically um to sometimes
as little as tens of thousands of dollars and also second more functionality so largely
due to the fed hub design now the hub in other words case you could think about it as the near
protocol which has a lot of functionalities and resources for app change to utilize and also third
interoperability now app trees built on other pers are interoperable with other blockchains so we are
really building this multi-chain uh network so for example as a developer you could interoperate
with ethereum via nearest ripple bridge or with polkadot or cosmos by ibc so that's really how we
drive the innovation in the space with our unique very value proposition that sounds fantastic
thank you for breaking it down for us in a way that we can understand now you've mentioned some
big names there like near protocol we'd love to hear more about your major brand partners like nia
solana chain link and flow how do these protocols influence the business objectives at octopus
well definitely we are very happy to collaborate with these big partners like you mentioned
in fact as a web through infrastructure we are committed to contributing to the whole crypto
ecosystem and and being an active collaborators uh is a big part of it so nir is definitely one
of our closest partners we launched our mainnet on the neo protocol last october um because we really
think that near is one of the most user-friendly layer one protocols and also the sharding by
near is one of the most complex blockchain technologies with the greatest stability and
scalability potential so we believe that together we can really drive mass adoption
to the uh web 3 space now you know like i mentioned uh while we are deeply rooted in near
we are interoperable with other blockchains so we're open to collaborate um with other protocols
and so for example we also help flow to develop ethereum cross-chain bridge
and also implemented the solana platform uh for t-link so just a lot of things we're
doing to contribute to the ecosystem and we believe that by collaborating in this way um
we're really helping to create a new generation of internet of blockchains
sounds like you're opening more opportunities for interoperability with these protocols
and nfts are connecting the crypto sphere with the world of art gaming and collectibles and flow is
known to be an nft protocol it's such an exciting time to connect with you and your protocol today
so vivi in your opinion if web 2 is social media and web 3 the metaverse can you help us understand
how you see these two worlds melding how can ordinary people who are not computer scientists
it's gained from this new trend that's a really good question sage now it's interesting really
like a lot of debates about what really is web 3 right so how different is it compared to web 2.
now social media like you mentioned it's definitely a big feature for web 2. um it allows
people really to interact and collaborate with with each other through social media like never
before so now but the other side of the story is you know it comes with a downside because we
don't own our data which is considered as the digital goals like bill gates uh put it once
so um the big platforms own those data and we the users have become the products
yeah so sadly so in web street we aim to change that so as we you know we we try to
take the ownership of our own data which is on the blockchain and decentralized so as he
pointed out matterverse is an important part of the web 3 and you also mentioned nft before right
so i believe that the magic happens when um you know metaverse meets blockchain and nfts because
you know like it makes digital ownership possible and it just unlocks so many potentials so now
you know like back to your question for the non-tech users and people out there like i'm not
from a tech background myself so how do we join this exciting trend right so i think the answer is
everybody could join this um revolution or the new trend whatever you call it um you don't have to
be a computer a genius or data scientist to to be part of web three so um on contractoring you just
need to have an open mind i think just don't be afraid to learn new things and try to you know for
example you can try out new website applications create a decentralized wallet like metamask
you know like george the telegram or this these core groups um just explore and just try to learn
new things there's so many ways you can learn and participate in this exciting space um but
you know i i do want to like um there is copyright but do watch out for the risks so like in every
other industries right so they're always scammers and you know like a lot of bad actors out there
but i think in general if the earlier you get into the space the more advantage you'll get
exactly thanks very much and it's all fairly new so it's not too late to jump
on and vivi i'm gaining so much from your insights you mentioned democratization and
decentralization of the internet which is such an important factor for people to gain control
of their user generated content as we move on to the metaverse and web3 and on to the next point
now about the semiconductor shortage and supply chain delays qualcomm and nvidia were recently
named as being in the top 10 of companies building the metaverse how will potential
supply chain chip shortages uh impact the rate of growth of the metaverse in your opinion
yeah i think that's a really interesting question now the growth of the metaverse
in my opinion depends on many things but i'll categorize them into um two parts just to just
just been generalizing a little bit here one is the hardware and software such as vr glasses
chips computer pack computing power which are important to create the immersive 3d experiences
for the metaverse the other one is the underlying infrastructure such as on-chain technology
like blockchain like i mentioned earlier and multi-chain ecosystem also data storage so while
chips and supply chain obviously play a crucial role in this complex immersive experience uh
for metalworks uh we believe that you know not all experiences in the metaverse require such powerful
computing power at least at this stage because i think the first steps for more people to really
enter the space is by lowering the threat hold so for example there's a matterword social project
in the near ecosystem called reality chain and they allowed users to have a 2d experiences with
your avatar to navigate through various protocols so basically you could you know you could join
with your current computer or your phone so i think that is a way to go right now you know
for more people to join to have the experience and then we move to the next level exactly avatars are
filters this is all a step towards the metaverse and we're sort of doubling in it at the moment
i'm really excited to see how it's going to expand thank you for sharing that about reality chain as
well sounds fun so we're reaching the end of the discussion and although i'm sure we could probably
talk for hours with the knowledge that you have got what are octopus networks near-term goals
yeah so um as a webster infrastructure our priority has always been to serve app chains so we
could help webstreet happen like faster with more adoptions so launching app chains is primarily our
primary focus uh in the near term uh and we also you know we enrich thousands of blockchains in the
future and many of them building on the substrate so and most of them are application specific
so um but if you look at the reality many of these substring projects have very little
chance of securing a parachain slot with polka dot for example or bootstrapping a cosmos zone
or developing their own autonomous blockchain so here comes our mission
really we're helping them to build and launch on first with lower cost and more efficiency
right the price of octopus networks token oct skyrocketed at the start of this year reaching
close to seven dollars on the 17th of january what do you see as a reason for this and what
are the main benefits being built on octopus with near protocols blockchain for app chains please
yeah that was really good question you know token prices are important
but we try not to read too much into that because there's so many elements that could affect the
market market sentiment and what that but at the end of the day i think it really boils down to
the product itself and its intrinsic value so really that is why as a webster infrastructure we
keep building our products as solid as we can and really keep growing our communities and we believe
that our tokens value will reflect on that um so now on the benefits of building on other first um
and also with like near um i think thank you for for bringing that up um you know like there
are really a lot of benefits like i mentioned earlier you know like uh the uh some like let
me sum up like the cost super cost efficient um the more functionality and then also as an
app chain you will get the support from the whole ecosystem of octopus and mir so not only
you you not only just get the funding you also get community support and the network effect so
um i also like i really want to emphasize um this uh to the developer friends out there who
are watching um you know like when you build an app chat with us you are also inoperable with
other blockchains so we are creating this multi-chain reality so you could interact
interoperate with ethereum with nearest rainbow bridge or with polka dot or cosmos by ibc
that is so really like come and build with us you know we really like more people to join to
join our ecosystem for sure for sure and on that note how can interested people get involved with
octopus network yeah so we welcome anyone who's interested in being part of the webster revolution
to join us so we offer many opportunities for you from from developers to users um to community
builders for example if you are a builder a developer you can join our accelerator program
or the substrate training program to get the training and also funding to build an app chain
on enterprise and also if you're an investor like you know like you and me and or uh just a holder
you could you could buy oct tokens uh in the secondary market and also participate in mistaking
as a validator or delegator in the ecosystem just have a try you know have some fun and um
you could also join the community as a volunteer or ambassador just so many ways you could be part
of us like we mentioned earlier right so the way to get into web suite as a non-tech person
you know there are many ways you don't need to have like super tech knowledge but you can
always use your unique expertise to be part of the ecosystem and to learn about it and to have fun
you know so you're always welcome here just come to our telegram channel or discord
and start your journey today that sounds excellent thank you so much for the warm welcome to octopus
network we really do appreciate your insights today so vivi was there anything else you'd
like to say before we close off the discussion oh i think um you know like back to the i think it's
web3 is happening um i would like to say that you know people look at it as something far away or um
i think people outside of the crypto space will look at crypto as if you know this is something
dangerous or full of scams but i would just like to um to really kindly ask more people to have an
open mind and just to learn about it and and think about in the 90s right so when the internet came
into being and people call these people you know people say that those those guys are crazy too so
just think about um what you can get if you are in a space uh ahead of the curves and you know you
just so many advantages you could you could um you could benefit from it
it's such a pleasure to have you on the show we do appreciate your insights thank you vivi thank you
so much for giving me this chance to share um you know my ideas and our stories to uh to more people
and we hope you enjoyed the interesting discussion with vivi lin partner at octopus network thank
you for watching calkin tv and do keep watching kalkine tv for these fantastic expert talks and
market insights till the next episode stay prized and invest wise with kalkine media