Paul Lee on Synesis One's NFT marketplace and metaverse plans

0:01i'm ashton addison from block west capital for investmentpitch media and the Crypto Coin Show and today on blockchain interviews we have paul lee the ceo of sinesis1 paul welcome to the show and thanks for taking the time thank you so much ashton thank you for having us you're very welcome i'm excited to dive into the solutions that cynesis is working on in the blockchain space

0:23you're actually working on a lot of different things there's nfts there's a metaverse there's the ai data sets the importance of decentralized data there's so much to talk about i would love for you to kick us off with just an overview in your words of synesis and the solutions that you're driving sure absolutely let me try to do it as best of my abilities so basically

0:45synthesis one is a web three utility and nft marketplace for artificial intelligence and it's basically the symbiosis of synthesis dow and we call the cameron exchange powered by our governor's token since and our semi-fungible token called cannon so it's a collaboration and harmony of these two tokens great well thank you for that and so

1:13there is the there's the nft marketplace there's the importance of nfts in gaming and game phi maybe we can start just at a high level on how you see game fi reinventing the gaming world and introducing blockchain and nfts into games and what that's going to look like going forward oh absolutely i mean i think game fight is the next big thing i think that's

1:37going to be the next big bang you know gamification has been there for yonks you know throughout history and now everyone is looking towards making money in a fun way gaming was you know it evolved from paying to use the game paying to play the game to free to play now it's you know played and that game fire component is crucial in getting the crowd excited about the

2:04the project that you're doing but also having fun inside it with the ability to make a lot of money and we're incorporating gamified you know game five basically very much into our system so that our users and the crowd that are going to be participating have fun in playing the games but also have the ability to make a lot of money and that's the whole point you know

2:30they need to have the ability to make money otherwise it doesn't matter whether it's gaming whether it's nft no one's going to play it right so you need to have the ability and the source where people can make a lot of money but also do that in a much more engaging fun way yeah it's incredible to think about us talking about how people that are playing games that have

2:57game five built into them are really making a living playing video games oh absolutely absolutely and this isn't actually new because you know people during the you know when korea was very very strong i mean it's still very very strong in the gaming industry but you know there were game items that were basically mined and people were trading these

3:21game items at a secondary market you know tertiary market and they were making a lot of money out of it now that is evolved into the nft and the game 5 space and we are going to be taking full advantage of this because my co-founder joshua hong who is a gaming guru he started his entrepreneurship in the gaming industry so he knows the game inside out and

3:46he's one of the guys actually who invented the coin the term free to play now is you know play to work very cool i love it and i know that you're working on these integrations with nfts and nft marketplace we've been talking about game five but is sinesis actually creating games themselves or are you just creating the tools available for

4:13capturing that value oh this is very important point ashland so we're going to be creating the games ourselves and we've already hired the top sci-fi writers in the world as well as the top game companies here in korea as you know the gaming industry here in korea is massive now it's the whole point of synthesis dao as well as the canon exchange is that it's

4:36in harmony it works together meaning the canon exchange is a native nft marketplace for canon and this canon token allows people to participate in data yield farming and that's the way to get people involved in playing the games but also having fun so that they train the aaa definitely i think we need to touch on this a little bit further because people

5:04that are first getting into defy they see they're staking and now there's yield farming where you can earn a yield on your assets but these ai data sets throws a little twist in the understanding and there's a little bit more to it so maybe you could elaborate a little bit on that absolutely so all ai companies around the world they need data sets and these

5:25data need to be trained by individuals by the crowd by paid personnel now what we're trying to do is let's try to make that process fun so it's basically mechanical turk for crypto and we're doing that using the gamify component but we are allowing word puzzle games as well as word games which we call legology these very simple but very engaging games that people

5:51are playing without even thinking about them right and you're actually training the aai and making money on top of it and if you own the nfts what rmt is what we call the ontology perimeter which is basically keywords with beautiful ai generated art on it and owning that owning that keyword let's say what's a good one let's say refund right

6:18and an ai company is using you know creating e-commerce chatbots and that e-commerce company is using the refund word you know numerous times multiple times through that ai piece that means the person who owns the nft word of refund will be able to earn money whilst they're sleeping whilst the ai is actually performing and using that word because you own that

6:47word and when you think about owning a word whether that is you know love harmony or even you know any any swear words i mean you know any time someone uses it any transaction is they're making money you can't totally default use d5 on that whether that's lending process whether that's borrowing process and a whole new

7:15different d5 capabilities come into this nxt wow yeah incredible it really is the next step from just owning some character in-game skin to being to owning almost anything exactly and think about owning words i mean rnfts are going to be produced in multiple languages 10 000 words at a time and imagine owning a word in arabic owning a word in chinese and you're

7:43getting paid for it and you can participate in yield generation and you know it's it's not just fun but it's the it's a whole different sentiment of owning a word i mean it's not just owning a kitty or a nape definitely this is incredible paul and i would love for you to talk a little bit more about you know how long your team's been working on this and where exactly you're

8:09at with the project right now sure so we've literally started cynicism one in 2021 and we finished our pre-sales very very quickly we were oversubscribed and everyone was very very excited to participate we got very big names and right now we're building our first alpha product it's going to be out very very

8:36soon our white paper is ready our website website's ready and we are going to be building a community and as i said we're already working with our right sci-fi writers as well as game companies to produce and make games that are going to be very very engaging and that's the short-term goal obviously the long-term goal is to be able to provide in the data sets for ai

8:59companies around the world so that we can really securitize data and personalize the data so that we can provide resources to ai companies around the world so that they do good and they don't do and they don't what's the word they don't abuse the data sets that they shouldn't own in the first place wow incredible thank you for that update and i wanted to learn a little bit more

9:27about the sinesis token you mentioned that there's the two tokens maybe you can talk about how they work together with each other and why they're both important sure so semester's economy of the dual token system is designed to amplify the overall income potential for data yield farmers and yield generating nft collectors now this is very very important because canon

9:50is a d5 composable nft it's able to earn claimable rewards and it's just beautiful ai generated right which would be called the anthology parameter the cynicis token is through and it also has the participatory right to vote so we've got the governance tokens of sns and we've got the nft

10:18token of canon working side by side very very closely net very cool and you mentioned that you're working on the games there's also another alpha that's launching soon what is the next biggest thing that's coming up towards the end of 2021 here and the most important things for 2022 right so basically 2021 will be getting the alpha product

10:47out and because you know it's almost christmas and holiday season so we want to make sure everyone at census one is focused on building the community so that people more people know about what this one is doing what the actual project is all about and create the suspense as well as the excitement towards okay wow this is a totally different nft that people are

11:14going to own i'm going to be able to own a word in multiple different languages definitely and what do you think because this is such a people aren't familiar with this and it's so innovative that it's genius but at the same time it's an unfamiliar it's unfamiliar right now what do you think will be the key factor to success in ensuring that synesis is successful five plus

11:42years down the road right first of all it's very important that people are or have the ability to make a living out of this right and if they can make money and have fun that's all it takes really and if they can really enjoy i mean the whole ethos behind this is to securitize data and be able to train ais around the world so that it's actually beneficial

12:10for human society right that's the underlying ethos however for a normal joe blogs we want them to come on board have fun without even knowing that they're training ai they're playing games having fun and making money i mean that's the best way to do it and we think we can do that very very well with our gaming background as well as our ai background

12:33and obviously our blockchain enthusiasm as well as our specialists definitely and i feel like in a way people are already training ai by just making google searches and browsing through the internet but they're not getting any rewards from it really they are there absolutely ashton you bring up the most important point here we're training data's for companies that

12:57are not rewarding us with jackship and we want to award people we want them to get the rewards we want them to me and feel good about it but all the time to design this i mean this just this was a project that josh and i thought about for a very very long time and we needed the technologies like the nft like d5 like game fight to come

13:26out so that all these pieces are put together to form this amazing synesthesis one ecosystem amazing i'm looking forward to the alpha launch paul and all of the major releases after that for the viewers that are looking to follow along with synesis one get more information follow the alpha launch and more what's the best way for them to get involved

13:52first of all i mean we're going to put we're going to provide you with the telegram group as well as the twitter but also our website cinesis.org where you can find all the information as well and ongoing chats in our telegram group in our community so we want people to join want people to get excited about this and we want people to have fun and make money

14:16well i will leave all those links as well in the description box below that you mentioned paul all the best on sinesis in the upcoming alpha launch and i know we will be following up in the near future thank you so much ashton thanks for your time