Have you ever wondered how blockchain technology can ensure your privacy? Join Patrick and Alex as we uncover the groundbreaking features of the Secret Network in an insightful discussion that promises to change the way you think about data privacy on the blockchain. From the launch of the ".secret" TLD in collaboration with Unstoppable Domains to highlighting standout DApps like ShadeDex and Stash, this episode guarantees a deep dive into the innovative solutions Secret Network offers to protect user data from MEV attacks and enable confidential transactions.
We explore the critical role of privacy in blockchain technology and how Secret Network's unique features are paving the way for safer and more secure decentralized applications. Discover how the Secret Token fuels the ecosystem and learn about strategic partnerships with projects which are leveraging Secret Network's confidential computing capabilities. The episode also sheds light on the exciting journey of securing the ".secret" top-level domain, the swift development process, and its broader implications for the Web3 community, including unexpected interest from brands like Victoria's Secret.
Finally, we look ahead to the future of the Secret Network, discussing upcoming developments, potential TLD opportunities, and the innovative potential of decentralized confidential computing. Whether you're a developer eager to build on a privacy-focused blockchain or simply curious about the strategic vision behind these groundbreaking advancements, this episode offers valuable insights and encourages engagement with the Secret Network community. Don’t miss out on learning how to join the movement and explore a future where your data is truly private and secure.
Have you ever wondered how blockchain technology can ensure your privacy? Join Patrick and Alex as we uncover the groundbreaking features of the Secret Network in an insightful discussion that promises to change the way you think about data privacy on the blockchain. From the launch of the ".secret" TLD in collaboration with Unstoppable Domains to highlighting standout DApps like ShadeDex and Stash, this episode guarantees a deep dive into the innovative solutions Secret Network offers to protect user data from MEV attacks and enable confidential transactions.
We explore the critical role of privacy in blockchain technology and how Secret Network's unique features are paving the way for safer and more secure decentralized applications. Discover how the Secret Token fuels the ecosystem and learn about strategic partnerships with projects which are leveraging Secret Network's confidential computing capabilities. The episode also sheds light on the exciting journey of securing the ".secret" top-level domain, the swift development process, and its broader implications for the Web3 community, including unexpected interest from brands like Victoria's Secret.
Finally, we look ahead to the future of the Secret Network, discussing upcoming developments, potential TLD opportunities, and the innovative potential of decentralized confidential computing. Whether you're a developer eager to build on a privacy-focused blockchain or simply curious about the strategic vision behind these groundbreaking advancements, this episode offers valuable insights and encourages engagement with the Secret Network community. Don’t miss out on learning how to join the movement and explore a future where your data is truly private and secure.
Thank you. Thank you, hello. Hello everyone. We will get started in just a moment. If you guys could please do me a favor, as always, as you come into the space, please go ahead to that bottom right-hand bubble. Make sure you like and retweet us. Get as many people in here as possible. I see we've already got Patrick on stage. How are you doing today, sir?
Speaker 3:Hey, what's up, man? All good Thanks for having me.
Speaker 2:Yes, sir, I really appreciate you taking the time to be here today, especially meeting on such short notice. At consensus, we will get started in just a moment. I believe we're still waiting on Alex to come in right.
Speaker 3:Yeah, let me ping him really quick. He should be here in just a minute.
Speaker 2:I believe you may have joined via the secret network account. Is this Alex up here?
Speaker 3:No, that's actually me too, okay, cool.
Speaker 2:And yeah, once again as a reminder for everybody coming in, show the love bottom right-hand bubble. If you have any questions, also feel free to ask them in that bottom right-hand bubble. If we're able to get to them, we'll be sure to ask.
Speaker 3:All right, we'll send him a message, we'll give him one more minute and if not, we can just go ahead and get started.
Speaker 2:Yeah, no worries, no worries. Have you already made it back home from Austin?
Speaker 3:I was actually back home the whole time holding down the fort, while most of our team was there. But all of our team is now back home and rested up, recovering.
Speaker 2:I'm actually about to head right back over to Austin tomorrow for NamesCon, so yeah, that'll be. That'll be an interesting one. Another full week down there.
Speaker 3:Oh wow, all right, it looks like Alex is in the group. He's into the space now.
Speaker 2:Yeah, yep, just added him up right now. Uh, and for those of you who are, uh, who are or may want to request a speaker, uh, just some respect for the time and kind of for, uh, the structure of our AMAs, Um, do you prefer not to allow additional guests up to speak unless they're, you know, people we previously interacted with, just for for the sake of things running smoothly. But, like I said, feel free to leave questions, if you have any, in that bottom right hand bubble, and when we get the chance to get to them we shall. Yeah, how you doing, alex? I don't know if you're speaking, but I do not hear him.
Speaker 3:Can't hear him either.
Speaker 2:Yeah, I don't know if the mic may be muted or you may want to hop down and hop back up, and thank you everybody for your patience. As soon as we get our mics worked out and all of our speakers up on stage, we will get started. In the meantime again, please take advantage of this time and like and read to me.
Speaker 3:Yeah, and also I just penned our announcement at the top of the space, so if anybody wants to read a little bit more about what we're about to be talking about, you can check that out. Yes sir, yes sir.
Speaker 4:Yeah, hey everyone. Sorry, I had this technical issue again. Twitter doesn't like me or X or whatever, but I hope you can hear me now.
Speaker 2:You know what I'm making a conscious point to make sure I update my Twitter app right before every space, because I feel like it's going to be the same thing. Yeah.
Speaker 2:Twitter space because I feel like it's going to be the same thing. Twitter does what it does, but thank you also as well for taking the time to come off of this AMA. We're really excited to have you guys both on and dig into it Without further ado. We will go ahead and get started. So yeah, for everybody coming into this space for the first time, welcome to iHeart Domains and our Tech Talk AMA series. We are the number one resource for curated content and deep dives with builders, entrepreneurs, visionaries and protocols in the Web3, digital identity and blockchain domain name space. For those who are unable to attend or want to listen to this later, our Tech Talks are recorded and you can view our entire content archive on our website at iHeartDomainscom, where we do have an embedded media player where you'll be able to read back not only a blog recap, but listen to this directly on there or on every major podcast player, including Apple and Spotify at techtalkhost. As a disclaimer, I always encourage everyone who is interested or needs more information to join their community directly.
Speaker 2:As always, do your own research and remember our AMAs are not financial advice Without further ado. As everybody can see at the top, we are blessed to have Secret Network in the building and we're going to be discussing the dot secret tld in the partnership with unstoppable domains, along with the network itself, so you get more acquainted with how to use it. As many of you know, I recently attended the unstoppable domains vip partner mixer that was hosted by sandy during consensus 24 uh in Austin, where I got the chance to meet and briefly chat with the Seed Network team, including Alex and Anubis. They recently just partnered with Unstoppable Domains for the launch of their secret TLD and, of course, I had to get them on an AMA to introduce them to our community and learn all about it. So yeah, without further ado, let to our community and learn all about it.
Speaker 2:So yeah, without further ado, let's go ahead and start with the basics, if you guys could do me a favor and please introduce yourself and also give us a brief overview kind of elevator pitch for Secret Network and then the next couple of questions that come after this. We'll dive a little deeper, so keep this as brief as you can. But yeah, if you could introduce yourself, alex and patrick, that'd be awesome yeah, so, uh, I'll start.
Speaker 4:So, first of all, I wanted to thank you, to thank you, marcus, for this super quick turnaround. I mean, we met less than a week ago and here we are now sharing, uh, our vision and our thoughts with this amazing audience here. So really appreciate this very, very quick turnaround here. It's super cool. It's super cool. It's just, you're super efficient. I loved it.
Speaker 3:So my name is Alex.
Speaker 4:I'm CEO at Secret Labs, which is the development body behind Secret Network, and Secret Network is a layer one confidential computing chain. It has all the good stuff any of the blockchains you know would have, you know decentralization, censorship, resistance, smart contracts all that, with only one crucial difference All our smart contracts run in full confidentiality. That means that nobody can see what is going on inside the smart contract. Nobody can see the data that's going in, nor the data that's going out, nor the state, nor the data that's going out, nor the state. So while Ethereum and most of the other chains are in an open book or a glass house where you can read everything and know how much tokens everybody has and what they're doing with them and where they're sending them and what kind of data they're storing on chain, on Secret it just doesn't happen right. So the blockchain is not an open book, it's not a glass house, and user data on Secret is protected. So that's a very quick pitch, Patrick, over to you.
Speaker 3:Hey, all right, I'll just quickly say I'm Patrick. I work for the Secret Network Foundation as head of product, and yeah, that was a great summary of what Secret Network is, so I'll hand it back over to you.
Speaker 2:Yes, sir, yes sir. That was a great overview, I actually. So I got a chance to go on the website and to kind of get an understanding of myself. I read through a few use cases.
Speaker 2:You said a lot there, and this might be a concept that quite a few people who are listening on the space may not already be familiar with. I mean, I know I wasn't, but didn't know this was possible when I first became familiar with it. So, exactly what is confidential computing and how does Secret Network provide this for? For builders and blockchains and within smart contracts Like what does this actually mean?
Speaker 4:Right, right, right. So I think you're right that a lot of people don't have an idea about this, and I think it's also because quite a lot of people don't realize that all the existing blockchains are actually fully transparent, and it's like it's an important notion, right? So people who use Ethereum or Polygon or Arbitrum Optimism or you know, give me any of the scores of L2s or L1s now, solana and anything else. I'm not even sure that too many people realize that everything they do is visible on chain, right? Some people might think that you know they're anonymous. Well, nobody knows. It's me in my wallet. It's also a fallacy, right, because once I send someone a payment for something, I know who they are, right? I?
Speaker 4:know their wallet address right or once somebody registered with registers, with a centralized exchange. Uh, they usually provide a kyc, some, some, some documents, so the exchange knows who they are and you know. As they say, when two people know, then everybody knows. And there are companies that are built around doxing people, you know, like Arkham Intelligence or guys like Chainalysis and others. So it's not like there's no anonymity and no privacy on most of the chains. It's like the exact opposite.
Speaker 4:Again, everything and anything you do can be immediately observed, immediately seen, and if not immediately, it remains there forever and ever and ever. Right? So in 50 years from now, all of our activities on all of those chains can be observed, dissected, analyzed, uh, ridiculed. Uh, uh, you know, and then you know anything, right? So so that is the state of affairs today, right? And now it's very simple to explain what is confidential computing. Confidential computing is where this does not happen. It's where your data stays protected. It's where your holdings of tokens stay known only to you. It's where your activity is your activity, your data is your data, and others cannot just log into an explorer or a website and view everything you're doing. And this is, frankly, how the things should be right.
Speaker 4:Nobody here, likes to live in a glass house, to walk around naked or have their messages published on the internet or have their credit card transactions published, right. So if we really want Web3 to take over from Web2, and this is why we're all here right, we're not here for the next meme coin, we're here for this huge dream of web 3 bringing freedom and efficiency to the world. Right, meaning it should overcome or should overtake a lot of web 2 activities. Right, and the only way we can even conceive of this happening is with some sort of data protection. Right, and that. And that's where Secret comes in. Right, that's where we come in with our confidential computing capabilities. So that is, in essence, the idea of what confidential computing is.
Speaker 4:Now we can talk about technology, right, so Secret uses a very specific technology that's called Trusted Execution Environments, and it's a hardware-based technology. So we all know servers run on processors. Right, the processor is the main element in any a trusted execution environment or an enclave, and this enclave it's kind of a black box that nobody can get access to, right, Not the owner of the computer, not the admin, nobody. And this black box has a public-private key pair. So in our case, all of the execution of smart contracts runs inside this black box so all the data is encrypted. So whenever I send something to a smart contract, I encrypt it with the public key of the enclave and then my data gets into the enclave.
Speaker 4:Smart contract runs inside the enclave and then it stores some encrypted data on chain or returns some encrypted data to me, and again nobody can see that. So for Secret Network, all of the validators and we are a totally decentralized and permissionless chain, so all of our validators, they run computers that have those enclaves. We specifically use an enclave developed by Intel and its trademark, its name, product name is SGX Intel, SGX Intel Software Guard Extensions. So all of our validators are on those and by this we achieve this capability of encrypting everything that's going on on-chain, protecting user data, preventing MEV, protecting user privacy and actually bringing us all closer to this dream of Web3 where we can really live.
Speaker 2:That was a great explanation of that. I have kind of a pre-question before a question I'm about to ask. So for people who are listening that are pretty much at the consumer level or at the participant level on the blockchain and not necessarily on the builder dev level, their interaction with seeker would be through a smart contractor that was developed with your platform integrated in it, correct?
Speaker 4:well, the interaction would be through a wallet. Actually, right, it's. Conceptually, it's exactly the same kind of interaction that you would have with any other blockchain out there. So you have a wallet be it MetaMask or Kepler or another wallet and you just do what you do, right? You use the applications like DEXs. You maybe buy some NFTs by the way, our NFTs have confidential data as well, something that only the owner can see. You send some messages to somebody, so you just use apps that are deployed in our chain, and there is a rich ecosystem of apps. So, from the user's standpoint, it's more or less the same as any other blockchain, right? You just play around.
Speaker 4:It's, you know, it's fast, it's nice, it's fast, it's nice, it's not super expensive. Uh, you use apps that you are that are similar to what you're used to. You know we have great dexes on the platform shade is one of them. We have nfts uh, stash is our primary nft platform, and there are other very nice apps, games, stuff like this. You just, you know, you just do your thing as a user, nothing special, but while doing this, you just know that whatever you're doing is not public, it's your, that your data is really protected, which is not the case everywhere else.
Speaker 2:Yeah, so perfect, so that actually answered the question. So it's a separate chain of sorts, and you actually kind of started to answer what was gonna be this question now, and that is that you do have several DApps that are built within the chain utilizing secret network tech.
Speaker 2:I was wondering if you could point out some of the standout examples and I'm looking for like some things that can kind of be explained in layman's term for everyday users to understand the value of the platform Cause I'm sure devs can understand this quick. But for regular everyday people who are just out here wanting to use the blockchain and wonder why they would ever need to hide their information from somebody, Can you explain what some of these DApps are and why they, or how someone can understand the need and value for encrypting data while using these type of things? And I'm referencing in particular one of the case studies that I read that made it make sense to me. But yeah, if you could in your turn.
Speaker 4:Yeah, so well, I guess we can start with a very simple example, which is trading right. All the people do trading right and I think a lot of people now have heard about MEV right and this is right. Can someone in the audience you know who has?
Speaker 4:heard about MEV. Can you just wave or do something so that I can see that people actually are familiar with this Running around? Yeah, I guess I see some movement there, so. So MEV is essentially the fact that when you, when you're making a trade, a lot of people see your trade Sometime before it is actually executed, so then they can front run your trade sometime before it is actually executed, and so then they can front run your trade. So if you want to buy a significant amount of some token, they just buy right before you do and then you pay more money and then they sell right after you buy, and that's called a sandwich attack and a lot of people are suffering from that, and there are millions and millions of dollars being extracted in this way from traders on EVM chains every day.
Speaker 4:So on TakeCredit, it's just not possible, right? You go onto ShadeDex, you trade there. No MEV. No, mev is even possible because everything is confidential, so those MEV bots won't be able to see anything, right? So that's number one, you know. Number two is also an interesting thing, right? So if I know somebody's address on Ethereum, I can just go to Etherscan and see how many tokens they have, how much USDC, how much USDT, how much this, how much that? Everything is an open book to me, right, and it might have some very bad consequences, right?
Speaker 4:Because it's not very healthy if everybody knows how much money everybody else has right so on secret.
Speaker 4:Again, it just doesn't happen. You can also have USDC on secret, or USDT or ETH or other tokens. Nobody will know how much you have. That's another great use case. Other things include gaming. You can play poker on chain on secret, because of the confidential computing capabilities, because other people don't see your cards, you cannot play poker on Ethereum. I mean you could, but it would be a weird kind of poker where everybody sees everybody else's cards. I guess it would be a funny game, a weird kind of poker where everybody sees everybody else's cards. I guess it would be a funny game to play. Right um and and a wealth of other apps right on um. I mentioned our nfts, right? So we have nfts that have additional hidden content. So let's say, you buy an nft and you can have like an exclusive video that only you can watch on secret network and it's all 100% on chain.
Speaker 4:Impossible on any other chain, right? That is not confidential. Impossible on ethereum, impossible on polygon, impossible on arbitrum. You cannot do that right? Uh, book publishing right. Has anyone here thought about book publishing on chain or content publishing? So if you publish something on chain on Ethereum, it immediately becomes available to everyone and anyone, right? So if somebody bought a book on chain on Ethereum, then it doesn't make sense for the other person, for the next person, to buy the book. They can just read it for free. So on CE, you know, we have a project that is building exactly this book publishing. So an author can publish a book and sell any number of copies, and only the owner of this book, nft, will be able to actually read that book and it can be replicated with videos and music and any other content out there. So these are the things that Secret enables.
Speaker 4:And now, actually, I want to come to the next big thing, which is super important, and that's our cross-chain capabilities. Right, so we were all talking about applications on Secret. Yes, we have some great apps, but there are millions of people who are using other chains, and switching a chain or adding a new chain can be challenging for some people right. So some people just always live on the polygon. That's what they do, they love polygon to use and they never go elsewhere. Now, and we realize that, and we realize that this confidential computing functionality is badly needed everywhere and anywhere, and making it available on any chain will actually enrich our whole Web3 ecosystem and bring this dream of, as I mentioned, of replacing Web2, bring this dream really closer right. So we have developed what we call the confidential computing layer and it's kind of it kind of fits very nicely in this modular infrastructure that people are talking about today. You know, data availability, consensus settlement, execution, right, these are the four layers in the, in the module infrastructure. So we're adding the fifth layer, which is the confidential execution layer.
Speaker 4:So now, with what we have developed, people on Polygon can add confidential computing to their application. So, for example, in book publishing, the NFT itself can happily live on Polygon, but the confidential part of it would leave on secret. People can build games where some part of the game is implemented on Polygon, but my card deck is going to be on secret. People can do things like confidential voting a very important thing, by the way. You know, when we vote on chain, all our votes are public, which is probably OK in many cases, but there is a reason why political voting is always private, always protected, and we've seen an interesting story in a very large layer, one ecosystem, where they had a vote for a governing body and the vote was on chain and it led to very unpleasant consequences because people started blaming each other you know, I thought you were my friend and you voted for the other guy, right, so, and the voting needs to be confidential so we can provide that as well and a lot of other use cases.
Speaker 4:So, uh, so secret is not only providing this confidential computing on our own chain. Yes, on our own chain. It works, uh, you know, probably the smoothest, the fastest, the best. But we went out of our way to create this confidential computing layer so that any chain out there can use it. Today we support, I think, 12 to 15 chains, all of EVM chains. We have announced several very important partnerships in this space where the chain foundations are actually pushing our confidential computing layer to their developer community. We're working also on integrating with Solana in this respect. So by the end of this year I hope to be able to say that. You know, we're covering 90% of the Web3 with those capabilities, so that people anywhere can have confidential computing features and really build something that can potentially be adopted by millions and billions of people because their data will be protected.
Speaker 2:Thank you for that very thorough explanation, and that's exactly what I was looking for A couple of things that you had mentioned. Well, the thing that it stood out to me was the need for again, for if you're creating content, if you're publishing things, you know the ability to protect your content or your content sources before it goes live. But, you know, with the voting, with the MEV, all that good stuff, it's easy for people to see how this type of technology can improve and can improve and how they're interacting on the blockchain and how they're interacting in life. I think that's like the one drawback everybody has with the blockchain. You know, it's a super cool tool that is, you know, elevating the lives of people. That is enhancing technology, but it's just extremely public and open, and not everything is supposed to be public.
Speaker 2:I wanted to ask one more question in regards to the platform ecosystem itself, and then we're going to dive into the name stuff. So, lastly, another thing that is a part of your platform is the secret token. I wanted to ask what role the token serves within the platform, uh, and also, you know, for those who love to invest or speculate, uh, what potential opportunity lies in holding the token. Do you guys have uh staking available or does it serve um any specific utility or governance?
Speaker 4:sure, sure, sure. So secret token is the main token of our chain. This is the token that is used to pay gas pay for gas. So it's something that you would want to have if you want to work with a secret network. To use a secret network, you would need a secret token. By the way, secret token is the only token that's actually not confidential in our chain, but if it's important to you, you can make it confidential by transforming it to what we call secret. Secret. It's kind of a funny name, right, but the main token itself is there in the open, right. So all the rest of the tokens in our chain, like ERC-20, they are all confidential. Yeah, so secret can be staked. The APR right now is about, I think, 16%, so people can stake a secret with one of our validators.
Speaker 4:We have around 80 validators so any one of them will happily accept your secret to be staked. Also, we have some very interesting opportunities, so any one of them will happily accept your secret to be state. Also, we have some very interesting opportunities in terms of partner projects that will be air dropping their coins to the secret community, and we're achieving this actually by helping people create their own I would say copies or their own app chains based on secret technology. So we have already announced two major partnerships in this area. So one is with a company called OBMoney, which is an awesome account abstraction wallet, by the way. It's one of account abstraction is solving a huge, huge user experience problem in web 3 because, you know we we need to admit the UX right now sucks. You know, using metamask, you know, is sometimes hard and not very convenient all those keys and all that, so.
Speaker 4:So I'm a big, big supporter of this whole account abstraction idea, and Obi is actually an account abstraction wallet that uses Secret to hold part of the user key as a backup right.
Speaker 4:So with this product, you don't need to store your 12 or 24 words.
Speaker 4:You can use your Google account or whatever other account for recovery, and also part of your key is stored on the secret blockchain and that's a crucial piece for Obby.
Speaker 4:So eventually they will be building their own chain that will only handle their workloads, based on secret technology, and as part of this, you know, they're giving back their token to secret community, and the more recent announcement that we made is with a company called swiss tronic that is developing a decentralized kyc solution and it also has a lot of data protection uh needs uh in what they're doing. So they're also using the secret network technology, the secret network trusted execution environment, to achieve that and the deal is similar. So they're getting the technology in our corporation and our communities getting some of their tokens. So that's like an additional opportunity for secret holders and we'll be doing more of those deals just because you know, as we talked right, more and more people realize that they need confidential computing, they need to protect their user data, and Secret is here with this technology offering that is easy to use and that's out there, battle tested. So a lot of people like what we're doing and like what we have.
Speaker 2:Yeah, I love the secret secret. I'm going to have to stake some just so I can say that I have some of it, True, and I love that there's. I'm glad I asked that question because I love that there's so much opportunity within the platform. It's young. You guys have partners who are willing to incentivize those who are helping build the ecosystem. So, again for those listening, definitely not financial advice to do your own research, but I know we do have a lot of people who you know obviously are in this space to speculate and this is a way that you can get involved with the ecosystem in the event that you're not using the D apps. And now going back to the secret word, let's talk about this partnership and let's get into the identity part of this. So biggest question is how did y'all discover, or get discovered by Unstoppable Domains and you know, of course, what by Unstoppable, directly or potentially developed by you guys, you know, using their API, et cetera. Considering you guys have your own chain, Go for it.
Speaker 4:Yeah, so the first part of your question was you know how this whole thing came about. So this whole thing came about, I think, in a more human way, and it came about through a connection between two wonderful ladies, two wonderful women, one being Sandy Carter of Unstoppable and the other one being our own Lisa Loud, who unfortunately could not be here.
Speaker 4:So Lisa is heading the Secret Network Foundation and they had this connection you know, just a human connection that they probably had an event. I don't even know how this started, but they met and they found kind of mutual interest in what both companies are doing. And that's where it really grew from right.
Speaker 4:So when we realized that it is the possibility to get a dot secret thing, we said, wow, that is pretty amazing, you know, getting your own TLD right. It's like almost like you are like a nation, all of your own right. And then, and then, and then, and then it happened. And then it happened, you know, and and a sobel team was incredible. The speed that they have developed everything was like amazing. You know, frankly, I haven't seen turnarounds like this. Uh, you know, maybe it's markets, because you're kind of connected to them, maybe it's kind of part of the culture just doing things really quickly and efficiently.
Speaker 4:Uh, so, so it was great. You know, I guess it took like less than two weeks to get everything together. And uh, yeah, so, so, so. So, why? Why secret? You know?
Speaker 4:Uh, in the beginning, when I heard of it, I thought, well, it's pretty cool, you know, I can get my, you know, alexsecret and use it in my wallet and then maybe have my domain. And I thought, well, people in Secret, well, all of our community will get their domains and that will be pretty cool. Our community will get their domains and that will be pretty cool. But then, after we launched, or I think right the day we launched, when we were at this event, I think, sandy told me that Victoria's Secret sent a message or called and said hey, just make sure not to sell the word Victoria to anyone, because it belongs to us, the word Victoria to anyone, because it belongs to us. And you know, I'm not sure the executives at Victoria's Secret are that much into blockchain or that much into Secret Network, but the fact is that they were interested in it just because of the domain name.
Speaker 4:And then I kind of realized it's something that is a little, even a little bigger than than secret network. And I went on to to the to on softball, you know, to this page where you can buy the domains, and started looking for things like our little dot secret taken, my secret taken, dirty little taken, and I you know a dozen more and they were all taken. So I realized, hey, you know, this is probably a bit bigger than what I thought. It's not just a game for our great community. A lot of people from the outside are getting this and, yeah, we'll see how it goes. You know, I'm very much looking forward to the day when secret will be upgraded to a full Web2 domain where you can just, you know, just deploy websites and it looks like people are excited because you know all the good ones are already, like they were immediately gone, immediately.
Speaker 4:I was surprised, really, it was so fast, so, uh. So it's a great thing for uh, for the secret community, and that was the original motivation why we did that. But you know, now we see that it's just a super cool uh top level domain name and you know why not own it if, if that's our name, you know, because then, uh, once victoria gets victoriasecret, it will be easier for us to explain that. Hey, if you want to sell your stuff on chain, by the way, great example, right. Do you want to sell lingerie on chain? Maybe, but you know, having it all public is it's probably not not the things you want, right? Um, it's not the thing you want to know what kind of stuff you're buying, right? But if you do it on secret.
Speaker 4:You can just do it right and do it totally on-chain, totally Web3, but with data protection a great example. So to me it opens up a lot of possibilities. Just going know, going out to people who will get those dog secret domains and, you know, preaching our, our gospel to them yeah, I was gonna say well, welcome to the world of domain speculation.
Speaker 2:I knew people were gonna eat that TLD alive as soon as they got launched yeah and you're absolutely right, like it is a very big deal and it's.
Speaker 2:There's a question I was going to ask about that and you kind of already started to answer it. But first I want to thank you for answering the question that I did ask, because I I was genuinely curious. I think a lot of people you know have been curious about how the onboarding process has been, you know, with with Unstoppable and other brands, and how you guys have felt about the process. And that's comforting to hear, definitely shouts out to Sandy, she, she works, she gets out there and she makes those connections, she builds those relationships and that's important to getting people to, to, to be open-minded, to listen about, to, about how Web3 domains can, can help improve their ecosystem. So, um again, to everybody listening, I give flowers where flowers is due, um, and they're out there, definitely putting in the work. And, in response to your question, is that typical? I I don't know, but that is, that is definitely impressive and that's something that you know.
Speaker 2:I'm definitely going to take note of um and I'm sure others will when it comes to you know which platforms they want to create a relationship with. Before I get into my next question and, and it's, like I said, a continuation of that question. Go for it, web3im and this is one of the few people I will actually put on stage is your awesome contributor to our spaces. So go for it, sir, or not. What 3i am with you over. Go for it, satoshi no one can hear.
Speaker 2:No one can hear the voice recorder, bro. It's a little too low.
Speaker 3:It's set to low.
Speaker 2:Yeah, it's set a little too low.
Speaker 1:We got to turn it up a little bit, all right, so I don't know.
Speaker 2:Yeah, sorry about that. So I promise he usually has a substantial amount of good stuff to contribute. Yeah, I apologize for the voice recorder. We'll get back to that. Feel free to leave your questions in the comments though. Yeah, so continuing on and you had made a point you do have an extremely valuable asset. A secret in and of itself is a pretty attractive word as a TLD. We know that Unstoppable has a program or has some pretty big commitments that they have said in their roadmap that they plan on offering to their partners if they have the ability to do so. So that is my question Do you guys have any plans for the secretTLD outside of the initial Web3 domain space or its resolution utility? You had mentioned the Web2 thing, and that's kind of specifically the question that I'm asking. I know UD's roadmap, or what they've mentioned as part of their partnership roadmap, is to try to help their partners get approved by ICANN. This would be an awesome one. So, yeah, have you thought about that? And what would that mean to the platform, do you think?
Speaker 2:And it's okay if that's too big of a question to consider right now, but that's something I'm also interested in.
Speaker 4:Yeah, so of course this is part of the roadmap. We'll see what it takes and how much time it takes. But I mean I can happily envision all of our projects on the ecosystem getting a dot secret name and deploying their apps on on that very cool domain name and also. I think once we have that then it will be much easier to attract Web 2 players and other Web 3 players to Secret because you know, once they get, as I mentioned, once Victoria Secret gets- Victoria.
Speaker 4:Secret, then it's kind of a foot in the door, even if we don't know them, but it's kind of a foot in the door and for anyone else who will be building websites or applications with a top secret that will immediately make them kind of connected to us on an emotional level, and then we can get the technology there to help them do whatever they're doing in the Web Street way. So yeah, I mean time will tell how long it takes and what happens, but I think it's an amazing opportunity to promote this. And again, I confess I haven't even thought about this as a TLD, but now that it happened I can see the huge potential. I mean, it's such a great word and there's so many ideas you can deploy and call them something with with secret. So you know, I hope we will be positively surprised with the amount of interest and and people deploying stuff once the econ approves this once the econ approves this.
Speaker 2:Yeah, I definitely look forward to seeing you know how you guys continue to progress with this TLD. It is a solid one. It's likely one that will probably have more success than others are likely to have with the ICANN round. So, hey, we'll see where this goes. In the meantime, you know, I'm definitely going to grab a couple so that I can be properly positioned when it does happen. We do actually have a question from the chat from Satoshi, so that's awesome. Thank you for posting that. His question is will the Secret Network have a whisper or a temporary broadcast function sometime in the future?
Speaker 4:Sorry, can you repeat this please?
Speaker 2:He asked if the secret network will have a whisper function sometime in the future, a temporary broadcast function.
Speaker 4:A temporary broadcast function? That's a great question. I think it can be somehow achieved with smart cryptographic schemes, but I'm not sure we have that, I mean. I'm not sure people requested that. So, patrick, maybe you know something about this. I'm not sure people requested that. So, patrick, maybe you know something about this.
Speaker 3:I'm not completely familiar with what he's talking about. I can speculate what he might be talking about, but is this like an existing product that already exists somewhere? Or is this something like a temporary message that could be posted on Secret Network, which would self-destruct after a certain amount of time? Maybe, I'm not sure.
Speaker 2:I'm leaning towards the second and I will admit that I am not that guy, the technical guy, so I'm speculating as much as you are. But I would guess it would probably be the second, because that seems like that would be a more desirable function, powerful function.
Speaker 3:That seems possible. We probably need a little more context on, like how he envisions that working, though.
Speaker 2:Well, yeah, and this is the perfect opportunity to invite everyone If you do have further questions, do want to build all that good stuff with the secret network. Before we end this, hopefully you guys will drop your socials and if anybody's not already followed the secret network, um, before we end this, uh, hopefully you guys will drop your socials and if anybody's not already followed the secret network, please take the opportunity to do so. Um, and this leads me, uh, to my last question, and again, thank you guys for your time. Thank you for all this information. It has actually been extremely thorough, easy to understand and hopefully everybody can see the value as quickly and easy as I can. Let's talk about what's next, what's in the future. So we've got this amazing TLD we're building, we've got DApps rolling. Everybody is now familiar with the network. What can we expect next? Tell us a little bit about, kind of like, the onboarding process for projects that may want to build a DApp on Secret Network.
Speaker 4:all that good stuff projects that may want to build a dApp on Secret Network all that good stuff. Okay, so we have multiple opportunities for projects. One opportunity is building natively on Secret right. We have great apps already there, but there is space for everyone, so people can just build natively. That's one possibility. Another one is using our confidential computing layer, building on any one of the supported EVM chains and using Secret for this specific part of the project that stores confidential data.
Speaker 4:You know, one of our projects, for example, is a platform for startups, for managing startups actually managing all the startups' IPs and whatnot and documentation, and they use Secret to store confidential data. So the app itself is running on Polygon, but when they need to store data they use Secret. So we have so for developers who have very good, good documentation, and we have our stellar developer relations team that helps people build stuff. And we also have our great grants program which helps projects to build stuff. It's a quarterly program with grants up to like 50k USD. Usually we select four to five projects max per quarter so that it's manageable. So if there are developers in the crowd who are interested in building something really great and they need support, we are there. So we'll be announcing the next cohort, I guess in about a month, but you can actually apply even now because we have this one repository for all the applications.
Speaker 4:We review all of them once we announce the next cohorts. Um, so yeah, so so far, we've granted this year we granted, I think, nine different teams. I think four of them already achieved two out of three milestones. Really, since the number is not so huge, we have the capacity to really help them, to connect them to other potential partners, to investors. We always have Twitter spaces with those teams and help them in any way possible, because their success is our success. So, yeah, so there are a lot of opportunities, a lot of ways to develop, and we are here, we're waiting for developers. We want developers to come and realize how they can build applications for real adoption and, with that, have real data protection there you go all of my privacy maxis out there that know how to develop.
Speaker 2:I love that you got incentives and grants for people to develop because it I mean there's a lot of builders out here who are looking for places to build that can help them along. So I hope you guys have taken note. Please be sure to connect with their community. I love the domain name that you use right now, which is SCRTnetwork. I think the network TLD right now is getting a little bit of love Thanks to a recent seller, our good friend Ishmael. He let us know of a couple of days ago. It was a big sale. So, yeah, we're always bullish on GTLDs, you know, being used out here in the wild and creating value. And yeah, once again, if you guys want to add anything else, can you please let everybody know what's the easiest ways to get a hold of or, like I said, get involved? Do you guys have a community um, like a telegram or discord or anything like that, for just daily chatter, dev activity, anything like that?
Speaker 4:yeah, yeah, absolutely. We have all that. We have our secret network, so so I think the best place is just to go to our twitter at secret network and get all the information there. We have Secret Network on Telegram and people and from there, people will help you navigate to the dedicated developer chat which we also have on Telegram. We also have Discord, so everything is out there. I guess Secret Network is the great starting point on Twitter. Just go to Secret Network and find everything you need there.
Speaker 3:I just posted a link in the chat under this space as well, to our link tree that includes all our social media links.
Speaker 2:I definitely appreciate it. Again, everybody who is interested, please be sure to check out their socials, join their community, especially if you're debbing and you're building, take advantage of the opportunities that are out there. If you like what you heard, you know they do have another opportunity to invest in the token. Again, not financial advice, but I definitely want to thank you guys for coming in, coming up on the stage. Are you attending any IRL events anytime soon? I know we just left consensus Anything if anybody wants to connect in person.
Speaker 4:For us, ecc in Brussels is the next one. It's going to be in the beginning of July, I think, 8th to 11th July, 8th to July 11th. It's a big Ethereum event and we are there because we are part of this Ethereum ecosystem, providing our confidential computing layer.
Speaker 4:Yeah, and then I think we have yeah we also have this futurist event in Toronto in August, on August 13th. So if somebody is in Canada, it can be closed at home. 13. So if somebody's in canada, it can be close to home, and and then there's a bunch of others. Then there'll be eth rome and probably token 2049, and yeah, I mean, we are, uh, traveling a lot, um, as a team, and you can meet us at a lot of different events. So you know, but each cc is the closest one. So whoever is there, you draw by and say hello.
Speaker 4:By the way, we're also hosting our own DCC day events, side events at those bigger conferences. So we just had a very successful DCC and DCC is Decentralized Confidential Computing. By the way, it's the narrative that we're pushing, together with about 20 other projects in the space. So we had a very successful DCC day in Austin at ConsenSys and we will most likely have another DCC day in Brussels next to ECC. So stay tuned and whoever is physically there, you guys are all welcome to register and come over. There will be good talks about privacy, confidential computing, data protection and why those are so important for our future as an ecosystem.
Speaker 2:I love the accessibility. Anybody who's listening to this space either now or who's listening back should be extremely bullish on everything that they just heard. We have another great partner because it's a partner to us all anybody who's entering the digital ID space and who is building with it and showing adoption as a partner to all of us who have been in this space, creating the narrative and continuing to encourage others. So great again. Great work by Unstoppable Domains. You know putting the feet to the pavement. I wish you guys much success. I guarantee you guys will have it. You know again love your accessibility, love how you guys are encouraging people to build For everyone else. I will be going to NamesCon starting tomorrow. I'm sure we'll probably be bringing the secretTLD up there as well as a good case study. But yeah, looking forward to the rest of this week talking about demaining and more of the possibilities of bridging the worlds of Web 2 and Web 3 together.
Speaker 2:Thank you again, alex and Patrick. Pleasure to meet y'all. Like I said, I'm glad with such short notice, that you were able to come here and drop so much gems and so much alpha. Make it easily understandable. I get it and I want to use the platform. So hopefully you know everybody else got the same value. Again, for those of you who are unable to listen to the entire space, we do record these spaces and you will be able to access it on our website at iHeartDomainscom, as well as in podcast form at TechTalkhost, and I should be able to get this up, hopefully before I head out to NamesCon tomorrow. If not, I'll get it up tomorrow evening once we're able to take a break. But yeah, again, thank, thank you all. Thank you guys for being up here, thank everybody else for listening. You guys have anything to add before we close?
Speaker 4:up. Well, besides thanking you for having us, it was a pleasure and you know we're happy about this unstoppable partnership.
Speaker 4:As I mentioned, and we're looking forward to promoting this DCC decentralized confidential computing. I mean, there's one thing I'd like the listeners to take away from this talk is that they need to understand again that everything they're doing on chain is fully transparent today, and they need to think if this is sustainable, if this is like fundamentally good, and if this is something that really helps them use blockchain more, or that they need to demand and look for projects and solutions and applications that protect their data, and once they realize that the data needs to be protected and that you need some level of privacy and some level of control over your data, then they will realize that DCC this technology area, is the way to go and that Secret is one of the leaders in this technology space, and they should look really closely at that, because this is the enabler of the real adoption in the future.
Speaker 2:I agree. And for, for everyone who didn't even know this was possible until today kind of almost like myself I'm sure this definitely was an eye-opener. And again, again, I encourage you guys to deep dive into the network and to join these socials and, yeah, start taking these steps to protect your data. Again, didn't know this was possible. So big eye-opener for me. Thank you guys. Again, everyone else, enjoy your rest of your week. If you're gonna be at namescom, be sure to link up with me. Be doing a little bit of media out there. So if you want to get on camera, more than happy to tell your story. Yeah, thank you guys. This has been another iHeart Domains Tech Talk. Ama. See you on the other side, thank you.