It's nice to be here. Thank you for visiting. Before I start, I want to tell you a little story. I came into cryptocurrency in 2017. And when I arrived 2017.
And when I arrived , I immediately had to make one decision: which blockchain would I build on? And, um, that's not true. And do you know why I actually chose Ethereum? The issue was not price dynamics not price dynamics . It wasn't about the hype that was happening.
The thing was in the test networks. And you might be wondering, why test networks? I looked at the technology and thought to myself: what will survive for the next five, ten, or even a hundred years? Ethereum developers were simply exceptional at building these testnets, ensuring everything was reliable, and then changing the engine mid-run. And that gave me confidence that this technology was actually worth building on.
But when you look at our societies and our governments now, we do n't have test networks. We just implement things in the middle of the run without testing anything beforehand. And so it sometimes looks very uncoordinated. And so I want to ask the question: What would the world look like, or what would the United States look like, or nation states look like, if you had test networks where we could test a particular implementation before rolling it out nationwide. But before we get to the theory, I want to tell you a little bit about the practice, because we are not a concept somewhere in the clouds.
We're actually building things right now. As of last April, we own this 16- own this 16- story skyscraper in San Francisco. We call it a 16- call it a 16- story vertical village for Frontier Technologies. Uh, we have room for about 7,000 construction workers. We have floors for artificial intelligence, longevity, biotechnology, cryptocurrency, which we call the Ethereum floor, by the way.
Uh, robotics, okay, neurosurgery. We have a master space. We have a lounge and a gym. So we created a real vertical village, and we've been working on it for , uh, about a year now. In the last 12 months alone, about 70,000 people have visited this building .
We had so many activities it was incredible it was incredible . 800 of these people have decided to become full citizens, and we are growing by about 25% per quarter. So this was just the beginning, as we saw that this project really works. We occupied another building, which you see here on the left, which is a hotel for superheroes. So our original plan was to have a residential space in the Frontier Tower as well, where you could come not only during the day but also stay at night.
And because the tower was filling up so quickly, we decided, instead of converting some floors from commercial to residential, to buy another building and invite 150 construction workers there. So now we have both , and that's not where we want to stop. We want to grow our community to about a thousand people, then to 10,000, 100,000, and then to a million. And why do we want to do this? We want to do this so that we can create a test network for the implementation we want to do at the national level.
And since we're here in New York, we're also looking at New York buildings, by the way. So we are building a new society to rethink governance and money from a fundamental perspective. But why do we do it right? What motivates us? And why is now the right time?
And, um, some of you might know this guy. Does anyone know this guy? This is Ray Dalio, right? Ray Dalio, one of the biggest hedge hedge fund managers on the planet, is a pretty smart guy, and he had this thesis that he kept telling everyone, which was that societies and governments actually have, um, a lifespan of about 250 years. So, 250 years years.
So, 250 years is the average time during which one system actually survives and remains in power. And that's what, um, I thought to myself: wow, that's interesting. Let me look at China, because his thesis is that China is a rising world power. So, I went to China. I visited Mu Shanghai, one of the fast- growing cities, and saw something amazing, right?
We saw robotics, such as the drone show in the upper left corner, which broke a world record. I saw robots running through the streets. We had fully automated coffee shops, and also in the biotechnology field. You know, last year China surpassed the US for the first time, having bigger, m, m, m blockbuster deals with farmers, and, m, and clean cars, clean cities were actually really nice because there were only electricity costs. What am I trying to say with this?
I believe China did this for two reasons that we can learn from. One reason is that they are obviously younger, right? Their society, or at least their, um, government system, consists only of 80- consists only of 80- year-olds. Another reason that is very important is that they are actually experimenting on multiple levels in multiple cities. So if you look at Shenzhen, it was a fishing village of 30,000 people that has now become the hardware capital of the world.
And these economic free zones, special economic zones, not only exist, they were also created in Dubai. So, we had Dubai, which is now the financial capital of the Middle East. We also saw Singapore, which was very successful, starting from scratch and ending up being a super success now. So I think we need to create startups or freedom cities, and right now Democrats and Republicans are really thinking about this: to create something like this in America and bring innovation, to try to build a testbed for what we're building here, to lower the barriers, to make sure the barriers, to make sure that we're able to innovate there, so that we have the super talented people the super talented people that we have here, we have here that we have here, we have here in the United States, to give them the opportunity to just run around and do things run around and do things . And when it works, then implement it on a national scale.
This reduces the risks of simply implementing without testing anything, so we are building a city of physical, physical and digital automation. And I want to give you two examples of things that I think can be implemented even without a city, just within our community, because we need to start somewhere. And the only time it's money is now, and I'm very happy about it. You know, the Genius bill was passed, and now we can launch stablecoins in the US. So we created our own stablecoin, and we will be implementing it and testing how we can provide targeted subsidies to communities and individuals, not just by giving them money and/or directing them to a single provider single provider .
I want to give you an example so that it doesn't sound so theoretical. Joe Biden and his administration in 2021 just gave out what seems to be about $2,000 to everyone in the US who didn't reach a certain income level. What happened to this money? Many people have used it positively, but many people just invest in cryptocurrency, right? And, you know, we can be very happy about that .
But that was not the administration's intention. They wanted to support small businesses and make sure it would have a positive impact on their economy. With stablecoins, you can do this. You can create programmatically spent contributions or subsidies. So we're trying to protest to give every citizen who's in our ecosystem just $200 or $300, but limited in a way that they can only spend it within our ecosystem of a thousand people, right?
If this works, we can potentially implement this on a larger scale. So, that's what we're building Frontier OS on, which will launch later this year, and we'll be mainly for our community, but also for people who visit Frontier Tower. So, about 70,000 early adopters in San Francisco will start using our technology very soon. Another example I want to give you is tax distribution. Tax distribution is really complicated right now , isn't it?
You have frozen annual budgets and underfunded public goods. So how can we improve this? In cryptocurrency, we have created many things over the years. We created the Dows, didn't we created the Dows, didn't we ? We have created key systems of the future; We created so many cool things, but only in cryptocurrency there was no implementation.
And I think it wasn't there because, because it was a digital ecosystem, right? For example, when I think about the Dows I've been involved in, I may have spent 1% of may have spent 1% of my life learning their systems, but now I spend 50, 60, 70% of my life in the Frontier Tower ecosystem. Isn't that right? So when it's really something where you spend time, physically meet other people, we have a chance to rethink how Dows will actually, uh, impact our communities. And this is where I want to, um, tell you a little bit about another project that we actually did, uh actually did, uh , with, uh, Protocol Labs.
Actually, to be honest , Protocol Labs ran this experiment in our tower. So each of these little figures here, um, were actually people in the tower. Yes, these were agents that we kind of prompted and said, “Hey, like this, um, I want the tower to function. These are my values. This is what really worries me, and this is what doesn't worry me."
And then these little agents would run around, talking to each other, and making up stories like, " other, and making up stories like, " Should we take this offer or that one?" Right? So what problem does this solve? I don't know how many of you were actually active at Dow, but when I had to read the proposals, I thought, proposals, I thought, "Oh my God, another 30 pages of proposals? I'm not going to read it.
"I'm not going to vote." But when we have agents who can digest that and also provide it with data like, “Where does my husband actually go? "Is he in the recreation room or in the fresh air or in the fresh air ?" Then perhaps we shouldn't reject it shouldn't reject it , right, if there is a proposal to reject it. So there are unlimited possibilities for how we can take all the research and development that we've done with Dow and the cryptocurrency side, and now with artificial intelligence, and bring it all together.
Combine this to create a test network that we can look at and decide together whether we want to take this learning and implement it nationally. So do you want to work with me and create a testnet for the community? If you want one, contact me. I'll share my telegram in a second. But we have a few items that we have on the roadmap right now.
We won't cover everything at once, but if you are interested in some of them, please contact us. So we have RWA, that is, real assets in the form of real estate worth over $30 million, right? So what can we do about it? We can place credit on the blockchain because we have credits. We can tokenize them.
Right? If you have a great app and you think, "Hey, I want to develop it," um, right? Uh, because Frontio OS has about 70,000 early adopters in San Francisco who actually have a wallet, right? Contact us if you want to co- develop an IRL DAO, and, I don't know, there are so many IRL Dows around, right? So if you want to, um, do this, contact us.
We have three more things that I think are worth mentioning. The only thing I'm very proud of is the residence on the border. So now we have selected and spent zero badge of our residence at the border. We selected six startups from around the world, invited them to San invited them to San Francisco to stay with us, and then sponsored their entire stay. They made sure they were involved in the entire ecosystem, and they also had a demo day for them to introduce it to venture capitalists in San capitalists in San Francisco, which is still the main, um, uh, venture capital capital of the world.
One of our founders got accepted into YC, and a few others got big checks, uh, at their fundraising events. Another thing I want to talk to you about is that we still have vacant floors in the tower on the border. So all 16 floors we fill, but between a thousand and 7,000 citizens we still have plenty of room. So, if you are willing, want to participate, and have an idea for hosting, if you are part of an organization that wants to host one of these floors, please contact us. And, um, the last thing is that we want to completely roboticize this building.
For example, if you are into robotics and want to make a robotic diner, come and work with us. That's all. Thank you very much for joining, and my telegram is Jacob with a K and three letters with a K and three letters , and you can contact us online at frontiatawa.io. So, um, thank you for coming, and we hope to see you soon.
Automatic transcript — names and jargon may be misspelled.