TGI Friday – Web3 Incubators in South Florida, Dr. Edwin, Dan & Benny

Web3 Incubator

We discussed with Benny Pekala from Crytan Labs, myself and Dan with the EGLAVATOR ( matters related to startups and Web3 Incubator in South Florida.  

This podcast as part of TGI Fridays., with a transcript by EGLA AI.  In this podcast we mentioned: As usual, some Bot activity but not much, enjoy your weekend! 

  • Incubation and Web3 Projects
  • Coins and the future
  • Metaverse Summit by the Economist Magazine
  • and, general updates from the EGLAVATOR

Web3 Incubator Transcript

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you guys are listening to TECHEDTV podcasting series, in our show
will bring you the best and technologies innovation, startups,
artificial intelligence cloud computing and the latest and
greatest in technology worldwide.

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good morning good evening good afternoon you guys are listening to TECHEDTV 
in a new  broadcast from the EGLAVATOR, we have a special
guess what did yeah afraid of with dan, and we have a

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daniel interviews our guest

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any particular from an incubator in miami all about a block chain
right web three what’s the name of the incubator crypt in labs labs
benny up from crippling labs is here

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and i guess we’re gonna talk a little bit of our block chain today yes
i love i love their subject matter because i’m going next week to the
meadow are some it

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all right yeah is sponsored by the

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they actually sent as a matter of little second if it’s a metaverse
summit can’t you do from here the and actually they do actually they
they they they they have basically a little bit of an interesting
proposition because you can have a bunch of axes

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logging for the metaverse and in fact i was playing around with it i
can bring it to the screen or here but i think it’s going to need
people won’t be able to listen to it but it looks like a little bit
like the central and

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wait and most of the central and to have a campus can walk around the
campus and you can talk to people with have a chat room i i’ve been on
earth to and we’ve been on earth to night yeah okay i bought some i
bought all the the boca real estate for six dollars along the beach
all right before a little korean state yes so you the new the you
mister three

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from both from the virtual world they were like it’s they had earth
wind and they had to like is is total rip off but i do it anyway you
have during your that mr before and the from the verge or yes like if
if if that virtual world ever becomes important i am you know to to
sit to buy it from somebody it’s fifty bucks so they got their deal
with the them

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met a very comres i’m imagining a bunch of people in a room all wet
bike virtual glasses on just like bumping into each other yeah right
where where where will i mean it’s a little bit weird because as they
get i was i was having this conversation in two weeks know on friday
last week with a bunch of people from us saw fuck lafleur attack

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and they were saying that people have never nervous breakdowns because
they’re not with people ah yeah kids are this whole thing would like
been virtually can i give you my lazy can i getting my crazy answer
here to were really nice to be quiet so there’s this guy always you’ve
heard me pricey this it there’s a scene in the in the book fahrenheit
four fifty one of you you’ve murders or

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yeah the walls you your the walls so he comes home and he flips the
thing on he flips the walls on and then all the walls basically become
a metaverse really yeah and this book but britain and nineteen fifties
so but in that book he he did it for entertainment it was a play it
was basically a tv show and he joined it is one of the characters

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so when he gets to prompt he reads the lines and now he’s one of the
members of the tv show nice nice nice nice interesting that and that’s
the units and there any what do you think about the metaverse what
what what what be like nobody has ever define what matters is what is
the metaverse oh i love this my definition the metaverse is

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it’s a place you go to interact online

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which includes everything you do online so includes ecommerce it
includes zoom meetings it includes to a certain degree even your
experience on social media that’s that’s my take it’s it’s it’s out
one well there is something really important and that is anywhere you
interact with similar mine which years

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go was yahoo games yahoo games right you’re right you’re right the
anywhere you go to interact like we’ve you know there’s a live person
that you’re going to interact with you there yeah ready because in
that light i think expansion in the metaverse really looks differently
in different platforms and different industries

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but i’m excited for even that for meetings for face to face for zoomed
are really ovaries as the worries sorry so you’re done you are you are
you envisioning is a bunch of doorways your the metaverse yes

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door where the metaverse i don’t know of the glasses work for me but
i’d rather just look around the room and like that name doorways i can
see that that was the name that we been you know and i do we get any
domains on that one are now now we did not okay well when i taught my
daughter i finally on my man but it’s me it’s like part of a product
mix that he’s kind of working on that defy

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i can’t decentralize kind of constant a decentralized operates as we
can get into it because the other patents or filed

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no and can really can have on we have a problem with that some people
that we have graphics that’s okay

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yeah so what what are the things we wanted to learn is that that this
kind of like a situation where you have this men averse play is

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it’s i believe it or natural isn’t natural natural like went on thing
it’s natural i well i think interacting two people interacting is
natural but it doesn’t matter to me and this is another weird thing
i’ll tell you when i worked after work in the cellular business two
ways to be an old nokia phone that had on it the game of sort right
and him and i would play

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it was an honest i play i love this game and it would say you would
you would dead jab at them and then they and your phone and then they
were jab at you and then if you however you jab they win or you’d win
and they’d say it would say their name like you know benny for sixty
five now playing you so the concept it didn’t matter what do you i was
i just knew there was some kids

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i’m were playing with male seen at work on your trying to get trying
to beat him so like the whole concept of interaction

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is what’s critical not the technology oh that’s our bought

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or bring in the got back a few asylum for a little bit with his anger
all experiences

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at the yeah

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so all experiences or of

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natural yeah i think the overemphasis on the technology is a problem
because when you tell people oh you can date people that they’re like
holy shit i’m going to end so like so it’s all it’s not about the
coolness of the glasses or her metaphor it’s it’s about can i cannot
find a person that i can chat with because i’m bored i’m i’m i know
many be

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pull who are parmelee border their minds that can live with any by
looking for a day

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i can introduce you to that they will be like crazy yeah as a matter
of fact clearing the pandemic i had a virtual platform of my own so
really were dollars instead of using zoom you’d use our platform
virtual united really really add to this

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it was an allergy reply right now do away with work as where you came
into our event that you’d see can’t think like business cards you’d
see three business cards over here having a conversation and you can
click and and see o they’re shooting a podcast their little bit crazy
yeah you could decide which room to

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join wow that is amazing i hate edwin just before we continue so what
is benny what is benny looking for what does he need from us are the
people listen to this now basically a thing or the ban on can share is
that there were were multiple incubators in the area we going to start
cooperating a thing that’s a nice one thing that the

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they king fine i’m a community of people that is in tune with the
weather the world and you some random if somebody is looking to create
a block chain product in there in the middle of a building and a can
they contact you been in can they come down to visit addicts and you
have a coma right now they have are going to get like what what was
what was it to situation and and your in your incubator

00:07:48.000 –> 00:08:04.050
yeah i crept in labs we did just close applications and get started so
we’ve got a amazing group of companies that were advising for eight
weeks and going through coursework and then i mean and investors get
the hit important and portrush how many of them can program

00:08:04.560 –> 00:08:05.010
that that

00:08:06.510 –> 00:08:25.740
are always it out of the matter where you are it’s always you always
need a technical team so it’s a different with every group we are
seeing a lot of teams that have companies that are doing their tech
you okay yeah so lot of like it means media haven’t been eating
pattern i read the y combinator book you read that book by phil gramm
like them to finish it

00:08:26.358 –> 00:08:45.990
i’m shot the mean it’s in the beginning you pry read it was like if
you’re not a man here and not over thirty if you can’t code don’t come
so he was just like very he was trying to increase is odd so he he
limited their scope so you would succeed yeah of course you don’t you
don’t want be because it and it’s not like that anymore and it’s not

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that he had some devised two or more was a you you accept them you are
you accept any buddha forgot what if somebody comes in their seventy

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i think diversity of thought and then okay angle at which people see
things is incredibly valuable because we’re up here in this area in
boca raton i told you we call it someone called me and said oh you’re
like silicon valley in boca raton it said no we’re retirement alley

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at at

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that’s very true where it i’m i’m outta here guy but i didn’t write it
but that the ain’t and you have olds executives from my big
corporations sorry would i be am that there have like his breath of
dollars that thing will in the chair as and and they can even be like
invest our as ceo he ever heard of estimated dave who invented the
control or

00:09:34.080 –> 00:09:54.240
alt delete now he’s here living in boca he he speaks about once or
twice a year we i’ve since he does he know they can still have that
event with him coming up are now i think this issue but they cancel it
because i was in here again remember yeah he was going to speak again
and he invented the trial he talks about how he did it and i b m like
cross street down over there so there is some like ten

00:09:54.300 –> 00:10:02.280
nickel historical people around still oh he’s famous because his his
office mate was greg from craigslist

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human me a guy that’s why he’s are more female during his out with me

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listen to what it was to meet the guy that invented control our daily

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how charismatic

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the boy was the mid they get a man erotically the case we got like so
we have some historical technology stuff going on here

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yeah i’m not saying miami doesn’t but it’s not the same as book
written by britain’s got that there’s more than that but bit many kid
came from where where did you come from any minneapolis minnesota the
great oh my god yeah i know it or already know a guy like very home
prince the their hormones homozygous getting very cold and

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it’s all us know

00:10:44.675 –> 00:10:44.975

00:10:45.755 –> 00:11:01.115
no kidding we have plenty of a lot of friends they’re still in there
do they contact you there they were they going to be listening to this
today yeah didn’t like more we have been a that united has been your
couch and that say oh it’s going to be soda is this week and fifty

00:11:02.045 –> 00:11:22.085
wow liked over that’s nice in minnesota that were like we had a sixty
five degree to the like and their thing that i was a whole different
when we’ll put jackets on all the yeah that’s where my home we have to
aware of the jackets and we have to call them our there’s a have to be
somewhere in this on the and their and their garages or storage your
someone but like i went back to to the web three point o world that i
think that that

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this week has been the little bit flat in terms of performance of the
different points and them i think we had the the yugoslav the euro and
yeah i will be at this moment there are some it actually came to an
advantage you hear about that story and labs parts that story they are
they didn’t meet the how we test and as you see eyes put him on

00:11:42.245 –> 00:12:02.405
notice can within night is over like violation of up or potentially so
they so is selling andreas or securities they be a club we’re talking
about yeah because there’s a benefit down here from the parent that’s
the problem if they cut the cord just sold images that much better off
is that is so that the seen in the and fifteen it should be moral

00:12:02.405 –> 00:12:07.475
ike art and utility then you are blows whatever coin and then it
becomes the security

00:12:08.675 –> 00:12:11.315
yeah we’re absolutely seeing an evolution of the space

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in all in all facets and with an f t’s yeah i think if a if you’re
going to have to read make read that documentation know that you a in
register with they are you know it does he see if you need to know
where they let limited you one thing i was i was watching another and
not i got an invitation to a meet media some it

00:12:29.525 –> 00:12:49.685
it happens october twenty four twenty fifth and sixth they have four
sessions on and if these i work three really media really when there’s
like basically these people are in broadcasting and they knew it would
happen to enter i’ll bet you’ve heard about what happened to gary
these project where he’s raising my fifty million dollars for sports
and if to easier to that one i did i don’t think i know how

00:12:49.685 –> 00:13:09.845
it ended well i think they’re in the middle of i think i thought they
were going do things like spore in like playing baseball cards or
something that something similar but i also thought they were going to
do like tickets for and collectible tickets like it’s a big market but
all those people i care mary had a very simple name like river river
refer some

00:13:09.845 –> 00:13:29.975
thing they did a five million dollar around and then they did like
fifty million dollar around so we need in there miami based their
miami yeah okay wow that’s amazing well i what what what do you thing
is a euro object is in the in the next few years in terms of
capitalization for your start of the you see more like selling and if
these are see more like a stand there are venture fund them

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people come in like okay

00:13:32.165 –> 00:13:44.045
this is the new is why they allowed okay this is a very dicey question
because i get where you go because he he saying you could just issue
all these if teas and result your capital summer i i think go

00:13:45.035 –> 00:13:49.865
i think and of there are good vehicle for fundraising that being said
i see

00:13:50.825 –> 00:14:00.995
companies that are delivering on problems at a news or store no no can
it can i him a company can give him one example and as his opinion the
the one that

00:14:01.925 –> 00:14:22.085
the word license going to talk about that with the azure researchers
are so one of the concepts we’ve come through here is a software
license so you could buy software license it’s an empty but it’s a
license for a software for usage and then if you don’t use a license
you can sell the and of tea or of use for wild and you could sell to
someone else so that kind of solves a real world software license

00:14:22.085 –> 00:14:42.125
thing is you yeah that i get want to right for take it or print or
even in these new says world riley for example i have a dog whistles
groups are my was group trump is three hundred and fifty dollars a
month yeah but maybe i don’t wonder right now because i’m i stop using
it so i can give you the and nifty to the my axes and then you pay me
like maybe them to ninety five

00:14:42.245 –> 00:14:53.195
or for able to let let’s get to the bottom line on this why was on our
minds because he’s got some killer technology and he has a license and
people want to buy that license and we could probably sell a thousand
his license in advance

00:14:53.825 –> 00:15:13.895
yeah and then funding i’m fond and it and then another company and
that way basically have started for and if these a my opinion a could
be a disruptor for how you raise money as well as you like oh how do
you like i do you see the world come in flaky the next decade peace or
utility here baghdad so something we utility let’s say and they’re
like okay and the benny goes from incubator to being funny answer

00:15:14.225 –> 00:15:33.905
yeah exactly so basically you know where the incubator be a big i
become the launchpad forties and fifties and they and they get you you
you get a cut of that and main now me he sees come on the second round
but wait a second let’s let’s do a deal here he’ll do the and of tea
for you get it all issued all the licenses out and bam will have
twenty million dollars in the bank problems solved

00:15:34.115 –> 00:15:48.695
i think any trees are fantastic tool core digital ownership especially
transfers of digital ownership now i stand by that firmly so do your
point yeah i think they fit into a fundraising strategy

00:15:49.595 –> 00:16:09.365
it’s still the same strategy it still marketing with what is important
but but but the the the issues this one the product trent see in the
capital raise if the presale the products are possible and they have a
long life and reuse a breeze ability we’re in a different ballgame now
and that make me go to that dominance of that list let’s say that will
always these and deal

00:16:09.365 –> 00:16:29.525
license software thing for software a bc yeah and then we we need
shall we say one thousand and he sold out and overnight and they will
make okay this is your more than then used to treat them by the die
you have like may be a ten thousand units sold may be erased a million
dollars and you need investors in know and tell you what day or even
if you a the inverse of comes out that

00:16:29.555 –> 00:16:49.685
software is very good you can have like a use or not you’re thinking
ten thousand we can get you to a million here give you one hundred
million in into like maybe like a billion valuation just like a that
that sort of whether they were not talking like microsoft office
license we’re talking something hotter nine or yeah exactly say say
that portables out of that vs the as something like that yes yeah

00:16:49.865 –> 00:16:50.315
your router

00:16:52.475 –> 00:17:11.285
yeah so okay what is this phone sorry about that so yeah so anyway so
like is interesting because thing that’s gonna change the way this
work and what it what do you think about the defy like i was was what
what what do we see in the decentralise financing like a it’s they had
a meeting with my friend way land in launching a faint thick and the

00:17:11.345 –> 00:17:31.415
that he launching is basically lending money to third world countries
and basically become because in those countries there’s not there are
no banks and look i get i was talking to benny earlier about like it
they we used the word pool like a money pool yes and i’m trying to
understand it because they wanted me to look at what and right a white
paper this group right and it’s like the pools of

00:17:31.445 –> 00:17:51.605
money put together you’re saying for like environmental or something
like that an arena that would that would they will do basically in
those countries if you borrow money from the the street new is charge
you a fifty percent interest in print a chair gotta get data so you’re
you’re you’re you’re land in the money hundred dollars and then you go
on by the good the you sale and then you say

00:17:51.607 –> 00:18:11.765
although lobo goes maybe a two hundred as we make hundred percent
profit by you pay fifty percent to forty percent interest rate per day
catch i know this will work well el salvador is not the country to
force bitcoin on the people the and know but this is precisely right
that that that they they were saying they were they were saying that
they have mexico brazil colombia and most likely have so many
countries that america and they

00:18:11.765 –> 00:18:21.095
and that they they see a return of investment of our forty seven
percent even pain a line of credit the united states seventy percent

00:18:22.025 –> 00:18:42.005
because you’re taken the people demand and supply and putting together
the and then and there we were discussing them they they all this
money to his ball that is generating all deserve this percent israeli
that i gotta be a good if i play i think ben it probably confirmed
this the problem with all of this is complexity like it has to be so
simple for people there’s we get the money with this

00:18:42.035 –> 00:18:48.695
button and this where you get paid and this will you know so like
series used were defy people i i don’t know what’s going on here

00:18:49.295 –> 00:18:55.685
yeah i think with the but i gotta prepare for multiple futures as far
as regulations go and

00:18:56.645 –> 00:19:16.595
it’s tricky i’ve been in the united states we have more currencies
than we need i’ll be honest if quite think that being said it for
transfers across borders fantastic at what about the prediction of
what’s his name from forbes see for see forbes was predicting the
great battle where they come down and crush it the us government gonna
crush every

00:19:16.805 –> 00:19:36.965
new girl or at up he thinks it’s a great battle coming in the us
doesn’t want to lose it’s it’s valuation of it’s currency they just if
we have even if you see right now for example there’s a lot of people
dumping the us dollar because i use our is getting so strong yeah that
is crushing the and is corrosion the borrow a year old and go to the
pound she go on vacation thing england right

00:19:36.995 –> 00:19:37.205

00:19:38.495 –> 00:19:50.135
yeah know there and then you’re you have least years ago basically she
she quit that thing that was that the least amount of time and a prime
minister and in the uk can i can’t give you my quick opinion that sure

00:19:51.305 –> 00:20:11.045
eek the combination of a fantasy that breaks it would bring more
business not less by beat know you know and understand that’s a
fantasy it’s a fantasy they’re going to have more of a socialist state
coming up because there’s not enough of a market for them to sell do a
just insane i briggs it is it to me it’s praises biggest mr

00:20:11.580 –> 00:20:31.410
but that makes that is but i i mean i’m day wow that areas are not
it’s like wow i’m not shocked they’re saying the next guy who they
were in the indian guy there’s no and i heard that that he’s going to
be a said it’s a job net the job a prime minister is now a person
walking into it to have their head cut off now but by then but my now
this guy has no real right think about it like has no real because

00:20:31.481 –> 00:20:51.570
he can be there is a look at me and this is all i could do it you
messed that up before me but this is the kind of thing that okay think
about germany in the nineteen twenties this is or your italy this is
the kind of thing that could lead to a fascist leader being in charge
of england i’m in a communist one of the to is coming and the people
don’t know where to turn they have extreme

00:20:51.570 –> 00:21:11.730
lee high inflation this is like what leads to like the second world
war know and i look at look at germany they have a big deficit a thing
for the first time new germany we have a trade deficit which is
amazing and they looking for someone to blame you know they always
blame like sixty years as the and india many of their hatred trade
deficit yeah and then like the biggest winners in this in this war and

00:21:11.850 –> 00:21:24.840
going back to the coins race or everybody’s escape into currencies
because they’re trying to so as but at the same time you’ll see like
like and ran isn’t and random been like taken to a level where all
those people live on an island by themselves okay think alone amateur

00:21:25.860 –> 00:21:33.300
but i think that that’s good that’s going to trigger look a little
this crypto currencies and of the central finance and the internet you
want to live tv show on netflix about

00:21:35.550 –> 00:21:39.390
they call it anarchists anarchist oh my god dollars i’m into other

00:21:40.290 –> 00:22:00.371
it’s a complex macro economic situation i’ll give it that it’s with
everything going on with the wire with be massive amounts of money
that were spent over the last few years during the pandemic it’s
something that the markets haven’t seen but after that but this it is
a good regular of we printed so much money that we should be in
trouble but that the dollar is who’s getting stronger know because i
mean the i was told

00:22:00.510 –> 00:22:20.010
instead i’m i’m very native on google but like google is just like a
money printing machine and make more money than united states has like
think there are a couple companies like for the fangs are making so
much money that you know session looking you edges there’s that does
not just make a run your muslim making money for every country the
world amazon it just so i think if you

00:22:20.610 –> 00:22:39.090
the the great solution by italy which was having major economic
problems nineteen twenties was mussolini thought i was i took the top
five companies and he made them nationalized and took all their
prophet and suddenly there were successful so like you have to look at
these companies are making massive amounts of money

00:22:40.080 –> 00:23:00.108
we’re not going to take their money but that will ultimately be the
answer you know they have to pay more wow that i had asked that’s
crazy that’s grace is so we have like okay what what is that
prediction for bitcoin and the and the all the coins or oh i’m going
to actually have more years ago he would hit eleven thousand but i
just going to i just didn’t lie are going on and irrationally going to

00:23:00.330 –> 00:23:12.270
right now the down to a levittown down to eleven thousand that’s where
to be okay okay okay i think it’s down i do i think discretionary
spending extra income if you draw a line maybe next year to be a
thirteen thousand

00:23:14.490 –> 00:23:18.030
the couldn’t nets are you as well you see theory and under the to
hundred are marked and

00:23:19.050 –> 00:23:20.190
i’d absolutely do

00:23:21.090 –> 00:23:41.250
yeah draw lines it and be were there at the it at like nine percent
grow the year they should be were there at the iran when i first came
into this and understood the you know ultimately lucky i guess v you
look at the network that is these currencies beer and how the price
actually can reflect the amount of usage of the network and they
either get the prices you

00:23:41.250 –> 00:23:42.180
like this doesn’t compute

00:23:42.690 –> 00:23:43.680
so we’ll see

00:23:44.370 –> 00:23:51.030
but there there’s just your commodities hard currencies real estate
the rise at is very

00:23:51.810 –> 00:23:56.640
fixed rate overtime while like six percent for housing nine percent of
the stock market

00:23:57.570 –> 00:24:17.730
and these these currencies do the same thing they they they will hit
the level that they’re supposed to be yeah they’re not gonna be a one
hundred times more that just life in the fast food is going to be like
exactly don’t like mister buffett said the gonna go to zero effect
know they’re not going to go to zero but they have to hit their level
on the line where they should be got to got to go to that’s not good
for people who

00:24:17.730 –> 00:24:27.600
dan know well i mean they that’s that’s an interesting thought oh well
everyone that’s holding their coins a get the informed is an order
like and any financial commercial or

00:24:28.560 –> 00:24:33.180
any otherwise were no financial wise or so as full disclaimer on that
but it is day

00:24:33.870 –> 00:24:49.410
essay on track of where the court was going on with bitcoin so i think
guys we have run it were running out of time a thing we’re we got
great guest band a year so we’re on you’re always in my when he said
by the way we have t g i fridays with dang with the email myself and
any blast or martha

00:24:50.430 –> 00:25:10.260
ah nana or and i want more than i was at i warned that tech palooza oh
yeah was are cheap and as a raffle are you did what would you when i
wasn’t as a full of a rather than i have a raffle is something i want
to once i want as fema as i won the trip of those female ones will let
you in but then that we’re going to be a tech palooza december ninth

00:25:10.620 –> 00:25:19.800
okay december nine ten blues tacos are the that there are there are
the area really had a look into space for what for some of the
starting you give me a blow the for for for for all the startups here

00:25:20.649 –> 00:25:40.530
i’m going to another to little space there okay list to go getting
like a whole lot secular and that nova version november it’s going to
be at the museum of science release i’ll be there i’m allowed in there
and i’m really on yeah yeah get ready for that did for loria downtown
rather than they already have a very my been as well so you going up
going okay sounds like palooza or i guys ever game and thicker have a

00:25:40.650 –> 00:25:41.790
bye bye bye you

00:25:54.300 –> 00:25:57.000
this to brought to you by like communications

00:25:57.810 –> 00:25:59.970
at eagle of either you boca raton florida

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