hello guys and welcome back to the channel in today's video we're going to talk about
a3s protocol which is a protocol that allows you to transfer wallet addresses to
different ownership for various different use cases obviously nothing i say on this channel
is financial advice so always go away and do your own research before investing any of
your own money without further ado let's jump into today's video okay guys so jumping over to the a3s
website which as always is linked down below in the description let's find out
a little bit more about what a3s really is so a3s protocol builds a next generation address
standard that empowers addresses with liquidity users can securely transfer stake
or integrate addresses with each other enabling addresses as a service for the first time now
depending on which way you look at this can understand a little bit about how you might
want to use a service like this or how a service like this might be used by other people in terms
of an address why might someone want an address to be given to someone else well if you think about
nfts well usually to get onto a whitelist you have to do a lot of work and a lot of the white lists
are taken up by people who might just get given whitelist but not really want a space on that
white list and ultimately that means that then the whitelist space is not taken up by anyone and
then the whitelist won't sell out and often if an nft project doesn't sell out a whitelist then
it can be a little bit of a knock-on effect because many people won't want to go and
buy it if it's not sold out on whitelist etc so potentially for some perhaps less demand
projects then this could give an opportunity for those whitelist spaces to be kind of won
and sold on to someone else now a potential issue with that is that i've seen a lot of people now
getting whitelist or employing teams of people to get themselves onto whitelist for some of the most
in demand projects and then selling them on for much much higher prices down the line which tends
to make getting onto whitelist almost impossible for some of these other projects when other people
are just monopolizing on the whitelist which kind of spoils the whole nft experience my opinion but
obviously when there's money to be made businesses will always try and outdo each other one way
or another okay so how it works basically guys you can generate a new generation address with
no traditional explicit private keys separate out the access to the address to an owner nft
control the as3 address to interact with others addresses or contracts transfer the owner nft to
others to achieve address transfer okay so fairly straightforward in terms of how it all works very
quickly by the diagrams et cetera it obviously could perhaps have other features other than
just being in nfts you know maybe further down the line once there's like further applications
being created on web3 etc games etc where it might be more beneficial to be able to share
a wallet with someone will be able to sell a whole wallet of a whole host of nfts that could be used
for a particular game that could be something that's like a more useful tangible that could be
used rather than creating like a resale market uh for white lists etc so what's gonna happen
after that transferability brings a supply and demand relationship for addresses and therefore
creates a marketplace so as we've just talked about you can get a marketplace there might be
various different things down below it's going to show you all the different features
available on that so it's very straightforward to use once you've connected to your metamouse wallet
you can see create an address just click on start here and it's going to take me through how to do
it all claim owner nft is the owner nft of your address represents the ownership and usage right
of the address transfer the ownership of the nft to others to achieve address transfer so for
example you might buy or sell a particular address that's associated with a particular white list for
an nft so perhaps i've got onto a white list today for an nft which i know is massively in demand but
maybe i don't really want to buy that mft right now i can then sell or auction off that particular
wallet address so effectively i can auction off my place on the white list to someone else and
that's another way that i can maybe make money in the nft market as you can see at the moment it's
only available right now for founding members but in the future it's obviously going to be available
for more and more people now personally although i don't like the idea of sharing whitelist i can
see that this could be useful in a variety of different ways perhaps gifting people nfts or
nft collections might be kind of a nice way to do it we've already talked about waze previously
that you might find uses for this web 3 extensions etc but for the future of nfts i actually think
it's way far beyond digital images of rabbits and dogs and things like that and i think that
nfts are going to be moving on to things like passports and all legal documents etc are going
to be stored in like an nft form so perhaps this is another way in which you can share
particular information about yourself with those people that you want to share it with giving
access to wallets for your own particular personal documents which you might need to do for kind of
like future protocols etc not exactly sure because obviously it doesn't exist right now but this is
obviously the technology that could support something like that happening which obviously
makes this an interesting technology now as well as the website guys we'll leave a link down below
for medium.com we've got various information about as3 including a number of different scenarios in
which someone might see a value okay so you've got the value of neglected interaction behavior
which is what we've basically been talking about non-transferable on-chain assets and interests
come with some expensive on-chain operations and insecure asset custody now one thing i have
just thought of which maybe you might not have considered already if you are holding crypto and
you know people don't really like to think about this in terms of like a will which you write
so basically when you pass away or you die you have the ability to hand over like your bank or
the things that are in your bank your assets etc to your family members but obviously all of those
things that are held in cryptocurrency can't be passed on to your family very easily so perhaps
if you were able to hand over the key under law to a lawyer or someone who's going to oversee
this transaction and put it all in your will etc that it does mean that if you know the worst was
to happen then that information could be passed on to other people so that's perhaps a one way
to look at it that would be actually a very very useful and sensible idea for something like this
being used so in summary guys as3 protocol is a very interesting protocol that allows you to
trade different wallet identities with one another which does have a variety of potential uses
in the future and there's a little bit vague right now as to potentially how it's going to
be used but i can see that as the future of nfts develops i think it's going to be
something of real value when it finds its kind of right user base guys if you've enjoyed today's
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happening in those thanks so much for watching guys and i'll see you soon with another video bye