YouSaid · the spoken record

Eva Beylin

lines on the record: 29
first: 2022-02-03
most recent: 2022-02-03
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Yeah, I have two favorites here. So ENS, like I mentioned, Ethereum name services as the Universal Login, I think has been untapped. And watching them grow over the past year, grow into a DAO is really allowing them to flourish and sort of surpass the Web three community”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“I would say there is, you know, there's a lot of projects that continue to raise, whether it's seed or pre-seed because they're just starting to out or maybe a Series B because we're a few years into their cycle. There's a lot of opportunity to get involved depending on what the flavor is. So some institutionals are more interested in DeFi, given it's more consistent with their typical finance exposure and some are more interested in protocols. And I would say protocols are probably where there's more opportunity because they take longer to build. And so when an investor might be thinking about the roadmap of that team, Ethereum took, what is it now, 2022? So about six years, almost six years just to really ship ETH to, you know, and maybe there were some inefficiencies, but really it's just hard problems. It's hard cryptographic problems that requires coordination between many different teams, often global. And so I think that's the best place that we could see more investment, given that the roadmap”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I'd say it probably affects us in how we think about our community. So anyone who was around during the last bear market remembers how brutal it was. There were a lot of really challenging experiences, whether it was layoffs or lack of capital. And so that is the first thing I thought about was are we going to make it as a collective? Is everyone going to be okay? But the more controversial perspective I have is that bear markets are great. As a builder, the graph was built in a bear market and most of the best projects and infrastructure today, whether it's layer twos or NFTs, arrived during the bear market. And it gives us time to actually make mistakes, iterate, and even as an investor, you need that time for a project team to iterate to actually come up with something innovative. So I'm also excited, you know, if that is what's happening, if we're having a bit of a slowdown to have projects, maybe take that time, reassess whatever their roadmap.”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“I haven't seen it affect it, and I would be surprised if it does because the thesis with eGirl and others is much more long-term, typically at least two years, often decades. And so we're really focused on what is the next thing we're building and how do we invest in that team that's building it.”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“Enable what we call meta transactions, so kind of transactions embedded in the background. But I think what we might see in the future with Oracle's, which is retrieving off chain data in other tooling, the ability to charge or be charged for smaller interactions. And that gets charged directly to a wallet and your wallet being something like your ENS name is now tied to your identity. Instead of the ad companies paying Twitter, the ad companies could in theory start paying users. And that could be micropayments or microtransactions that are sent directly to the user wallet. Similarly, maybe instead of artists, art being looked at and them never receiving any rewards, maybe artists start earning to their wallets based on impressions or micro-impressions on Instagram. And so I think we're going to start seeing different kinds of monetization patterns arrive as the tech also becomes more mature. And that includes layer two. It includes things like the graph, storage.”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, that's a really good question. And to be honest, I don't have a clear answer because I would say a lot of the infrastructure to enable even the most simple data analysis isn't quite there yet. I can speak for the graph, and our roadmap is still quite ambitious. We'd like to be able to better support analytics for that use case you're talking about. But I foresee a lot of different kinds of monetization strategies. So kind of like I mentioned, people participating in protocols, you know, that's revenue. So whether it's a fund or an individual staking tokens and then providing services, and those services could be anything from looking at images and curating which art is most interesting to actually running hardware or maybe being a trader, a yield farmer. And that is a way to generate income. I think we'll also start to see a lot more innovation in the micropayment level. So whereas right now we're not very mature in how do we”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“Discussion is disconnected. One of the things I love about Bloomberg is that the reason it kind of kicked off was because the messenger or the chat became so useful for traders to make settlements or OTC trades, whatever it might have been. And so I think we're going to see that same kind of thing happen where our social applications are going to start coinciding with maybe actual transactions, maybe submitting trades. And across the board, we could see even the way we behave with each other starting to change. People already start to stock each other's ENS names to see what they're doing. So what else could there be?”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“I really do, and I think it's going to make building applications way more competitive because the switching costs are much lower. So often the way banks and credit cards keep customers in is the switching costs are high. You can't reach the bank, whatever it might be here, it's as easy as just sending wallet or sending funds to another wallet or switching your name or your NFTs by just selling it in a marketplace. So it'll be a lot easier to build those apps. And we're already starting to see it with a DAP called Orbis recently came out. I know Adapp called Scent has been out for a while. But we'll probably see more iteration. What I'm personally excited for is to see the coupling of the actual actions on chain with our social platforms. So right now, most DAOs, they typically have a forum or some kind of social platform where they discuss the DAO proposals before it's actually put to a vote. And why is it that the voting and the forum?”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“With ideas of tooling or protocol improvements just because they've now bought in and feel they are part of the community as well, even though maybe they're full-time job is using their real name and maybe in Web2.”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I definitely hear that centralized coordination has its efficiency gains, but the benefit of blockchains and cryptocurrency is that we have this new incentive system. So whereas maybe Google had to be the one managing their servers because they owned all their equity and they also owned the rights to their server, we now have a world where anyone can buy a token at any time, a utility token. Anyone can use that token in the network. So in the Graphs case, that would be staking as an indexer or a delegator. So I actually think we're solving some scalability issues where typically the only people that really care about the product are the people inside the company, often shareholders don't even care. But with tokens, you allow anyone to contribute and take ownership in the graph or whatever protocol it might be. So we're seeing things like grantees come up.”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“excitement, its app went down because the API went down. And so they actually transitioned to using a subgraph that was on the decentralized network to make sure that they could continue staying up during the auction. So that's a great example of we're already seeing that today that things go down all the time. But furthermore, like, why would you want ADAP team to be the team also managing the node and doing all the complexities? So one thing the graph and other decentralized protocols allow for is unbundling of what we're otherwise centralized services or tasks that were managed by the project team originally, but now we can actually completely fragment that. So whereas a team might have been the one that deployed the smart contracts, they might not be the team managing the UI. They also might not be the team managing the API. And that's fine because at the end of the day, we're all building on top of each other's open source tooling and protocols.”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“I think there's a few things that we're starting to see even play out in crypto. So one is censorship, the very common use case. And we're starting to even see folks that just recently entered the NFT space realize that, oh, if the NFT dApp isn't fully decentralized, meaning the API, the server and where that NFT metadata is stored, then is that NFT really real? Can I have the right to exit that platform? So, you know, that's one use case. The second would be servers get taken down all the time. Google goes down, Facebook goes down, and they've been around for decades. And when we think about scaling to a global network, you know, whether that's transactions or NFTs, you really want to make sure your app doesn't go down. So one really great anecdote for us was constitution down. So I'm not sure if you heard of Constitution DAO, millions of dollars collected from the community to come bid for the Constitution. And at its peak of”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“needs to be queried from a blockchain, and subgraphs make it much easier since developers don't need to rebuild their own APIs. So anyone building on, let's say, the Uniswap protocol can just use the exact same Uniswap API because it's open source. They can also fork it, rebuild it, maintain it if they want to. The end goal being that all these subgraphs are public goods and they're even maintained by the community or a DAO itself. And that really enables much more innovation time, maybe even cost savings for the team because they don't need to hire a full time engineer to manage that database. And it really enables composability. So many teams can collaborate on either the same API or the same protocol without having to do the same work again.”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so in my opinion a true DAP or a true Web3 app Would be one that is open, permissionless and decentralized, meaning that it would be very difficult or nearly impossible to take down and users have the right to exit, meaning that the app or the platform itself isn't locking the user in. But because everything is on a blockchain and other protocols, they can swap their data and assets between those. So one really great example is ENS, Ethereum name service. So this is Ethereum domains. And this means that any application could essentially query data about your Ethereum name, Joe or Tracy, and use that information on any website. So instead of using a Google Magic link like we use today, we could use Ethereum name service. And that means that any application that wants to get data from your ENS name, so maybe that's your wallet and your activity, they could query a subgraph. So that's an ENS API. So any information on that that's from the blockchain, whether it's trade volumes or pricing or assets,”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“Sure, that the data that is actually being queried by apps is verifiable. So we've got quite a complex roadmap, and we're looking to use that fifty million dollars as ammunition to basically continue building on our vision.”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, really glad you asked. So over the last year, we've been pioneering this new strategy that we call decentralized MNA. So we realized really early on that the mission of the graph was so ambitious, so vast, it couldn't be done by one team, and nor was that the goal. Part of decentralization is also decentralizing the contributors. So over the last year, we've had four new teams join us full time that specialize in anything from backend infrastructure to cryptography to GraphQL APIs and bringing them in to act basically as full-time core developers on the protocol. So we aren't no longer one team that initially launched the protocol, we're five. And we raised this round basically to continue moving along this strategy. We have a goal of bringing on another three to five teams in the next two years, and that might be to help with current roadmap elements such as improving the efficiency of the infrastructure. We also are working and doubling down on cryptography to make”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“Ethereum, so our ethos as the graph has always been decentralized and to enable the best security possible. We really believe you can't have a DAP if it's not decentralized, meaning all components are. And in our history of just assessing blockchains and having been around for a few years, Ethereum was the one that stayed true to that mission the strongest. And we're even seeing that today in what some people call Ethereum taking its time with a roadmap. Others could see as actually Ethereum being very thoughtful with its roadmap to not do things too quickly. You see other problems on newer chains that Ethereum also experienced earlier on, but Ethereum is just at a more mature state. And, you know, our goal, although the graph network is built on Ethereum, our goal is actually to index all of the world's data, meaning any blockchain. So our hosted service currently supports 27 chains, including many of the layer twos on Ethereum.”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“Data to users. So we often like to call ourselves the Google of Blockchains. So as Google is a search engine and also the back end indexing of all of the Internet's data. Currently, the Graph Protocol is the indexing bit. And so we're trying to enable other applications like search engines and just DApps in general to be able to retrieve that data as efficiently as possible.”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“So, the graph is a decentralized protocol for organizing and retrieving on chain data. And what that means is every application that you see that is running on a blockchain or queries smart contracts, they have to retrieve that data from a blockchain somehow. And it's actually really difficult for developers to do that. They would have to run their own node. They would have to become experts in that blockchain. It's essentially a back end job. And so what the graph does is we have a standardized layer or standardized API called a subgraph that allows developers to develop an organization style or figure out exactly what information they want from the blockchain and just play around with that subgraph. Meanwhile, the actual indexing and processing of that data goes on in the back end on a network of indexers. So we're really decentralizing the server or the backend of what otherwise would be database indexing infrastructure that is serving”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“Know, I don't know. And to be honest, I don't really care. I think part of what we're trying to bring here is like we're a group of highly capable, you know, folks that have been in the space for between three to ten years. Some started early on in Bitcoin. And we're bringing a lot of value to the table that may be untraditional, but we're still here. We still were able to get a seat. The project believed in our value that we could bring to them. So I think it's really exciting and it's breaking down that barrier that you don't have to be wearing suits. You don't even have to have an identity that's public really to do well.”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“I guess on your second question. So the biggest misconception to me that I see is people think that pseudonymity or anonymity means that you don't have reputation. When actually it's quite the opposite, that if you want to be known and if you want to have a community or have a job, you have to make much more effort to develop that reputation than otherwise KYC people. So I'm one of the only doxed members. And technically speaking, I've been developing my reputation since I was born. And, you know, that's Googleable. But anyone who chooses to take on a different personality is starting from scratch. And so there's this misconception that, you know, of course, maybe you can't always trust a nons, maybe there's some degree of risk. But at the same time, they've taken on a significant amount of risk too, that if they wanted to rebuild that identity or reputation, it would take much longer than for everyone else.”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“The meme of eGirl, I believe, came out of more anime and hentai culture. As I'm sure you've seen, things like VTubing, where people are literally creating cartoon images of their faces and then going on YouTube and doing a show has become extremely popular or even streaming. And so we kind of tapped into this idea of anime and cartoon characters should also be taken seriously as much as suits. In a sense, we kind of present this anti-suit culture or anti-suit meme. And I really personally related to that because I used to be a management consultant in New York and, you know, being forced into sort of this box. And it was very clear to me that Web3 and crypto are the antithesis of that, where you really can still be taken seriously for your bottom line or for the insightful tweets or whatever you might be investing in. You don't need to be wearing a suit. You could be wearing a hazmat suit.”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“No, they're fully anon to me. I've met a few of them in person. I know a few of their first names, but otherwise I don't know very much about them. And that's kind of the beauty of it. Part of the Web3 and crypto vision is how do we actually utilize pseudonymity in a more productive way? So DJs have been doing this for years. Almost every DJ has their own alias or alter ego. And they get to then create that subcommunity or sub brand. And so similarly with crypto, you can participate in a protocol in a sort of gig economy style. And why do you need that to be tied to your birth identity when actually you can start to create your own alter ego on chain that might be associated with a cat or a monkey and maybe you're only participating in this one protocol and then maybe you have another identity for a different one?”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“So, first question We don't have a pot, although we have been considering growing into a DAO formally on chain, where right now the way we behave is per deal. So we kind of bring it to the group. Anyone who wants to participate gets a cut or depending on kind of the breakdown or interest, and we typically will bring it on as an eGirl deal if there's enough interest from the group. If there isn't enough interest, again, we have our own statures in the community, so often someone will do an angel investment or maybe even go work with the project directly. What was your second question again?”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so all of us are in different subcommunities. So typically, there might be one or two members of eGirl that are kind of leading that deal. Maybe it was a project they'd already been working with or got connected with. And then we'll start doing our own internal due diligence. I'm excited to say we now have a few interns. We didn't have that year ago. But they often will help us do research, whether that's looking at on chain metrics, maybe comparing against other projects. And again, because we're so deep in the space, a lot of us have expertise, whether it's security or smart contracts or business that we can kind of bring to each deal. But I wouldn't say it's quite the most traditional due diligence process as hedge funds that you're used to seeing.”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“or UnisOx, as you might have seen. We strongly believe in Veblen goods and the ability that for goods representing early DeFi like UnisOx are likely to increase in value long term. But we're also investing in a lot of really critical protocols that are going to fundamentally change technology and innovation. So things like Connects, which is a layer two protocol that connects”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“Yazid answered your first question, the way we came together was again very kind of organic, and a lot of us have full time jobs that are different. So I have a full time job as a builder. Others might be trading or running other investments full time. And so for us, it was like, how can we come together in this way that is organic? We don't have some quota or some expectations from LPs, but still provide value. And so for us, then it's much more of a choice. We aren't sort of beholden to any expectations. And even our investments aren't, again, meeting some kind of quota per year. So we've been around for about a year now and we've made $2 million, about $2 million worth of investments across 10 different projects. And really our priority is to invest in critical decentralized primitives of Web3 and kind of the metaverse meets DeFi. So a lot of our projects are actually NFT based, something like YATS or investing in actually art.”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so first we started off as just a few anons, and we quickly realized that the scope that we were covering in our interest, we could do some damage. We could either start to invest or start to get more involved in the way we were already involved in Web3, which, as you mentioned, I'm director of the foundation at the Graph. We've got a few members who are leaders of projects. So Scoopy Truples is CEO of Alchemix. We've got another guy named DevOps who leads Saddle Finance. We've got a few traders, a few security engineers. So we realized that with this breadth of experience, we actually had something very unique to offer that wasn't consistent with typical investment funds in Web2 or in Wall Street and not even consistent with Web3, where we don't have any LPs and we operate quite independently. So even every deal, not every member participates in, and we actually only agree to take on an e-girl deal if we're all kind of in consensus.”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source
“Out Oh no, I'm not sure. Maybe we should talk to our resident Discord owner, the cat in the hazmat suit. But we did have a public chat that was just sort of for our community to come around, share information.”
2022-02-03 · Odd Lots · Eva Beylin on eGirl Capital, The Graph, and Building Web3 · IDENTIFIED FROM THE TRANSCRIPT · source