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Summary
In this conversation, Tanmay and Rohan discuss various topics related to web3, crypto, and NFTs. They explore the concept of dropshipping, how it works, and its potential in the e-commerce industry. They also touch upon the onboarding process for non-natives in the web3 space and the importance of real-world use cases for mass adoption. The conversation concludes with a discussion on Web3, Ethereum contracts (ERC-721 and ERC-115), and the upcoming ERC-4337 contract. In this conversation, Rohan and Tanmay discuss the ERC-4337 standard and its impact on the world of blockchain. They explore the concept of account abstraction and how it allows for the creation of powerful, decentralized wallets. They also touch on topics such as social recovery of crypto wallets, biometric authentication, and the storage of wallet private keys on smartphone security modules. The conversation delves into the potential use cases of ERC-4337, including sponsored transactions and bundle transactions. They also discuss the future of Web3, the adoption of blockchain technology by brands, and the challenges of educating people about the benefits of blockchain. The conversation concludes with a discussion on the Web3 scenario in India and the ambitions of Rohan in the Web3 space.In this episode of Rocklaz Radio, Tanmay Shah and Laura Grinbarga discuss books and podcasts they have read and listened to. They share their favorite podcasts, such as Akimbo and Freakonomics, and talk about the benefits of reading digitally and listening to audiobooks. They recommend books like The Artist’s Way, Big Magic, and The War of Art for creative inspiration. They also discuss the importance of finding the right time to read and making notes while reading. The conversation touches on spirituality in art and the impact of books like The Alchemist and Siddhartha. They also mention books on negotiation and personal development, such as Think and Grow Rich and The 7 Habits of Highly Effective People. The conversation covered a wide range of topics, including book recommendations, favorite genres, and spiritual and philosophical discussions. Some of the recommended books include ‘Atomic Habits’ by James Clear, ‘The Warrior’s Apprentice’ by Lois McMaster Bujold, ‘The Silver Metal Lover’ by Tanith Lee, ‘Mahabharata’ and ‘Bhagavad Gita’ by Shri Shri Ravishankar, and ‘Business Sutras’ by Devdutt Patnayak. The conversation also touched on the importance of finding balance and substance in the content we consume.
Transcript Click Here
Chapters
00:00:00 Introduction
00:04:40 18 yo. expert reveals Back story!
00:09:43 Dropshipping Business
00:14:07 Dropshipping Marketing & Ads with a product example.
00:15:51 How do people trust Dropshipping websites compared to Amazon and Flipkart?
00:18:09 Selling Amazon, what are the challenges?
00:21:40 Merchandising for Artist and Shopify strategy?
00:24:52 Designing Merch at the commercial level?
00:28:03 Lisencing Art by artist
00:30:51 Mic I use: https://amzn.to/3oHdXb6
00:31:19 What is Web 2.5, How is it different from Web3?
00:42:48 What’s the new ETH-4337 Standard? How it diffrent from old ERC-721 & ERC-1155?
00:46:38 Crypto punk?
00:57:21 How to onboard brands?
01:01:56 Web3 In Drop Shipping?
01:05:22 Web3 Seen in India Pluse what Flipkart and Amazon are up to?
01:11:37 Signature Segment
01:20:16 Parting Words
Takeaways
• Dropshipping is a popular e-commerce model where sellers partner with suppliers to sell products without holding inventory.
• Web3 adoption will happen through real-world use cases that solve everyday problems and provide tangible benefits to users.
• Web2.5 is an approach that combines the user interface of Web2 with the backend technology of Web3, making it easier for non-natives to onboard.
• Ticketing is a potential use case for Web3, allowing for easy resale and transfer of tickets, providing more flexibility and convenience for users.
• ERC-721 and ERC-115 are Ethereum contracts that enable the creation and ownership of NFTs, with ERC-115 offering more flexibility and fractionalization of NFTs.
• ERC-4337 is an upcoming contract that is expected to introduce new features and capabilities to the Web3 ecosystem. ERC-4337 is an account abstraction protocol that allows for the creation of powerful, decentralized wallets with features such as setting spending limits and implementing multi-signature authorization.
• The social recovery feature of ERC-4337 enables users to add backup wallets and trustees who can help them regain access to their accounts in case of loss or forgotten private keys.
• The adoption of blockchain technology by brands and the education of people about its benefits are key factors in driving mass adoption of Web3.
• The Web3 scenario in India is growing, with platforms like Polygon gaining popularity and brands like Flipkart and Amazon exploring the potential of blockchain and NFTs.
• Rohan’s ambitions in the Web3 space include building a platform for creators or brands to implement NFT use cases and starting his own podcast to share insights and knowledge.
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