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00:00TO ALLOW FOR FULL STACK DECENTRALIZED APPLICATIONS WITHIN INDEXING PROTOCOL. THANK YOU FOR JOINING US. WHAT DO YOU THINK, ONE BILLION PEOPLE USING CRYPTO IN A DECADE, WILL IT HAPPEN? > > IT WILL TOTALLY HAPPEN. THE QUESTION IS WHERE THESE INDIVIDUALS ARE COMING FROM AND WHAT THEY ARE GOING TO DO. WE OFTEN THINK ABOUT CRYPTO IN A SPECULATIVE NATURE, BUT WHAT CRYPTO AND WEB3 ENABLES IS AXIS, ACCESS TO BANKING -- IS ACCESS, ACCESS TO BANKING, TO CONTENT. DECENTRALIZED TWITTER IS IN THE WORKS. WE LIKE TO THINK ABOUT THIS AS THE NEXT STEP IN ITERATING THE GIG ECONOMY. PEOPLE LIKE TO STAKE THEIR TOKENS ON WEB3. IT IS SIMILAR TO HOLDING AN ASSET AND EXPECTING IT TO BE USEFUL IN THE FIAT OR WEB2 WORLD, BUT HERE YOU GET TO WORK FOR A PROTOCOL. WE ARE EXCITED TO SEE WHERE PEOPLE START PUTTING THEIR CAPITAL TO WORK AND GETTING TO HER AND A PORTION OF THAT REVENUE. EMILY: THERE IS STILL A WILD WEST FEEL ABOUT THE CRYPTO LANDSCAPE. COINBASE IS ALSO NOW CRACKING DOWN ON THE PEOPLE OF PEOPLE FROM RUNNING -- ON THE ISSUE OF PEOPLE FRONT RUNNING TOKENS. WHAT IS YOUR TAKE ON THAT? EVA: LIKE IN TYPICAL STARTUP WORLDS, YOU WILL HAVE NINE OUT OF 10 STARTUPS THAT DON ' T SUCCEED. SIMILARLY IN CRYPTO, THE VALUE OR PRODUCTIVITY OF THE TOKEN PROTOCOL OR SUCCESS OF A COMMUNITY IS STILL GOING TO BE REFLECTIVE OF ITS QUALITY. I THINK WE NEED TO START FOCUSING MORE ON WHICH TOKENS AND PROTOCOLS ARE SUSTAINABLE, WHICH ARE GOING TO PROVIDE REAL VALUE IN THE NEXT DECADE OR THREE DECADES, AND WHICH ARE THE COMMUNITIES THAT ARE GOING TO SUSTAIN THEMSELVES. ONE MAJOR DIFFERENCE BETWEEN WEB3 AND WEB2 IS THE SWITCHING COSTS ARE MUCH LOWER. IT IS INEXPENSIVE FOR A USER TO START USING A DIFFERENT PROTOCOL, WHETHER JUST TRANSFERRING TOKENS TO ANOTHER WALLET, OR COMPLETELY UP AND MOVING. I THINK THESE PRODUCT TEAMS HAVE PRESSURE TO DELIVER HIGH-QUALITY EXPENSES. EMILY: THE SEC IS ADDING 20 MORE PEOPLE TO ITS TEAM POLICING CRYPTO MARKETS. DOES THAT SIGNAL MORE REGULATION, MORE ENFORCEMENT COMING? EVA: WE HAVE ALWAYS BEEN FAIRLY OPEN THAT REGULATION IS WELCOME. IT ' S NOT THAT THE CRYPTO INDUSTRY WANTS TO BE UNREGULATED, WE JUST WANT MORE CLARITY. IN GENERAL THIS BODES WELL FOR HAVING MORE RESOURCES FOCUSED ON OUR INDUSTRY, AND OUR GOAL IS TO HAVE MORE FOLKS THAT ARE APPLYING THE LAW AND THEIR POLICIES IN A WAY THAT IS CONDUCIVE WITH INNOVATION AND NOT STIFLING GROWTH AS IT IS POSSIBLE TO DO IN A WILD WEST DEVELOPMENT. EMILY: THE INDUSTRY IS STILL SCALING, STILL WORKING ON INTEROPERABILITY. WHAT IS YOUR ROLE IN THAT AT THE GRAPH? EVA: WE ARE AN INDEXING PROTOCOL. ALL THAT MEANS IS WE ARE TRYING TO MAKE IT EASY TO ORGANIZE DATA, MAKING IT EASIER FOR DEVELOPERS TO ACCESS THAT DATA. PEOPLE WILL OFTEN CALL US THE GOOGLE OF BLOCKCHAIN ' S. WE ARE HERE TO UNITE ALL DEVELOPERS AND MAKE IT EASIER FOR ANYONE TO BUILD ACROSS APPLICATIONS, ACROSS CHAINS AN ACTINGD AS A UNITING LAYER WHERE ANY WAY YOU AXIS THIS DATA SHOULD BE OPEN SOURCE -- YOU ACCESS THIS DATA SHOULD BE OPEN SOURCE. EMILY: I ' M CURIOUS ABOUT YOUR THOUGHTS ON OPEN SOURCE AND HOW FAR THAT GOES. WHAT DO YOU THINK ABOUT OPEN SOURCING TWITTER ' S ALGORITHM? EVA: I AM ALL FOR THE DECENTRALIZED MOVEMENT, ESPECIALLY WITH SOMETHING AS USEFUL AS TWITTER. MY GENERAL SENSE WITH -- STANCE WITH OPEN SOURCE VERSUS CLOSED SOURCE, AT THE END OF THE DAY SUSTAINABILITY IS WHAT MATTERS WHEN IT COMES TO A GOOD BUSINESS OR PRODUCT. IF YOU CAN CONTINUE BUILDING ON A PROTOCOL, WHETHER IT ' S OPEN OR CLOSED SOURCE, IS A CHALLENGE. THE PROTOCOLS THAT ARE MORE LIKELY TO SUCCEED ARE THE ONES THAT INNOVATE ON TOP OF EXISTING MODELS RATHER THAN JUST REPLICATING AND MOVING ON. EMILY: HOW DO YOU SEE THE ETHER EUM MERGE IMPACTING THE BROADER LANDSCAPE? HOW TECTONIC DO YOU THINK THAT WILL BE? EVA: THERE ARE A FEW NARRATIVES. ON ONE HAND THIS IS THE FIRST MAJOR BLOCKCHAIN MOVING TO PROOF OF STAKE. THERE WILL BE RIPPLE EFFECTS. BUT MORE BROADLY, THE FIRST STEP FOR NON-TECHNICAL PEOPLE, NONDEVELOPERS TO SEE WHAT IT MEANS TO HAVE YOUR ASSETS PUT TO WORK, TO HAVE A UTILITY TOKEN LIKE ETHER AND BEING ABLE TO EARN REVENUE AND GENERATE INCOME AS AN INDIVIDUAL FROM PARTICIPATING IN THAT BLOCKCHAIN. IT IS A COMPLETELY NOVEL CONCEPT. EVEN THE GIG ECONOMY IS FAIRLY

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Crypto Report: The Graph Is the 'Google of Blockchains'

The Graph Foundation Director Eva Beylin joins Emily Chang to discuss The Graph's role in the future of web3 and crypto adoption, and why more regulatory clarity is needed in the space. (Source: Bloomberg)

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