Crypto Society Ama Recap with Bird Money — 16th November 2021.
Bird is empowering dApp developers to create the online UX of the future by developing wallet-level analytics products that are accessible within a permissionless, decentralized on-chain oracle.
Bilo | Crypto Society
@CryptoKoa It is our pleasure to welcome you with us today. I would also like to welcome you here on behalf of our entire community for our second AMA with Bird.
Daniel | CEO | Bird
Hello All! Wonderful to be back.
Bilo | Crypto Society
We are very excited to have you back 🙂
For those who don’t know you, could we begin with a brief history of yourself and your career that led you to where you are today?
Daniel | CEO | Bird
Absolutely.
I’ve worked in the data science space for about 15 years now. First at large companies like Travelers and Google, then later for smaller companies and even in academia.
I got my start in crypto around 2015 when I began building Ethereum mining rigs and never looked back!
Bilo | Crypto Society
For those unfamiliar with BIRD, how would you describe BIRD if you were talking to someone unfamiliar with digital assets?
Daniel | CEO | Bird
We’re a unique crypto project. We’re not exactly building a platform or a protocol, more of a set of very important tools that web3 developers will need as they optimize their platforms.
Right now, major web platforms compete for traffic by offering users a unique and personalized experience, whether that’s custom search results, products for online shopping or anything in between. The tools to offer the same kind of individualized user experience aren’t yet available in crypto. We’re building them.
By using our machine learning predictions, platforms can offer a UX that has been customized to a specific connected wallet. For the platform that means, more users and therefore more growth. Bird will play a pivotal role in the growth of Web3, that’s for sure!
Bilo | Crypto Society
Awesome! Can you tell us more specifically why you thought BIRD needed to be built and what problem it solves?
Daniel | CEO | Bird
To not mince words, we’re building Bird because the way this aspect of the internet “model” works today is broken. Major web platforms like Facebook and Google earn billions off of their machine learning predictions, but very little of that value is shared with the users that made it all possible. I say that, because without the data that users like me and you provide to platforms, these ML models wouldn’t be possible.
The models themselves have also become much more powerful. Some of the recent research out of Instagram on teen body image just confirms that. We see a future where users not only share in the rewards of what their user data create, but also the responsibilities of growing an ecosystem like this.
We’re doing all this using the strengths of decentralized technologies, like tokens and decentralized autonomous organizations.
Bilo | Crypto Society
Thanks for the great explanation!
What chain have you built on and why? Is Bird interoperable?
Daniel | CEO | Bird
We launched the project on Ethereum, primarily because that’s where the majority of development was happening. Since Bird is building products that other developers and businesses will use, it’s important we go wherever the developers/users are going. For that reason, we’ve also begun expanding to the BSC and Solana networks.
Bilo | Crypto Society
Nice- been following your progress very closely 😉
Tell us about the different facets of Bird. The original Bird and its evolution to today.
Daniel | CEO | Bird
For anyone that’s been following along from the beginning, you’ll see that while we’ve evolved quite a bit, there’s always been a consistent and common thread running through everything we do. That’s the power of advanced analytics delivered on-chain.
We started by focusing specifically on DeFi and credit scoring but quickly realized that the architecture required to deliver something like that, can also be used to build many other types of useful user data analysis.
This is why our core message has expanded to “individualized user experience” and we’ve begun developing products for other sectors, like launchpad fundraising and blockchain e-commerce.
Bird’s primary objective is to be the premier provider of advanced machine learning products intended to reflect the unique characteristics of every single wallet on the blockchain.
Bilo | Crypto Society
I’m always impressed with Bird’s evolution and the constant achievements and partnerships. More recently, Congratulations on being selected amongst over a thousand projects to be part of the Binance incubator program.
Tell us about that process, its advantages and what you learnt from it.
Daniel | CEO | Bird
Thank you. This is something the team is extremely proud of! It’s a powerful validation that the vision we have for the future of web3 is important.
The process itself was quite arduous. As you said, over 1000+ projects applied and only 9 were selected. We had countless meetings with Binance’s leadership and over 50 pages of overview documentation were required. It just shows how thorough Binance was in their selection process.
Bilo | Crypto Society
I’m sure it was. But what a compliment to be selected from amongst all these contenders.
Daniel | CEO | Bird
We’re learning A LOT through the program. We’ve had discussions with some of the biggest minds in the industry, like Sandeep (co-founder of polygon), CZ (co-founder of Binance), He YI (CMO and co-founder of Binance), just to name a few. The wisdom people like that can provide to us is invaluable!
Bilo | Crypto Society
What benefits is Bird seeing from being part of the program?
Daniel | CEO | Bird
The biggest and most immediate benefit we’ve seen so far is in networking. The Binance partnership has accelerated partnership discussions that we already have in flight, which our community is already seeing a bit of. We announced two very exciting new partnerships in the last week alone (ADASwap and KSMStarter, both of which are committed to using our launchpad analytics). It’s also introduced us to a lot of new players in the industry, like major influencers, investors and thought leaders.
Crypto is a very small circle at the moment and our partnership with Binance has placed us squarely within that circle a whole lot faster!
Bilo | Crypto Society
Amazing and very true. Congratulations on all your success.
Daniel | CEO | Bird
Thank you! Couldn’t have done it without the support of communities like CS!
Bilo | Crypto Society
What role do you see Bird playing in the evolution from web2 to web3?
Daniel | CEO | Bird
We are designing a completely new business model for big data tech companies. So the obvious answer to that is that our machine learning products will accelerate platform and product innovation in web3, but I don’t think that’s the most exciting answer.
What really drives us is the possibility to solve some of the important problems I mentioned above by using this new, decentralized business model. Algorithms will play a huge role in our online futures, but as it stands, no one has a good solution to the problem posed by the at times adversarial relationship between the platform and its users. Decentralized technology stands to change all that by allowing users to share in the rights and responsibilities of the Bird platform. We see users as a “part” of our process, while web2 platforms see users as merely “inputs” to their process.
Bilo | Crypto Society
It is exciting though.. Web3 is the FUTURE….
Are you working on some more exchange listings or is it more of a decentralized DEX scenario that you like to pursue?
Daniel | CEO | Bird
We are currently in negotiations with multiple CEXs that have a heavy user base in the Asian markets. This is part of a concerted effort to deploy a smarter, geo-specific communication and outreach campaign for Bird. So more news on listings coming soon!
Bilo | Crypto Society
What are you currently working on and can you describe your future roadmap?
Daniel | CEO | Bird
Right now, the primary focus of our development team is to deliver the first version of our investor score in Q1. We have multiple platforms lined up eager for its release and we’ll also be showcasing it as the capstone of the Binance Incubator program. But we’ve recently also begun dedicating resources to an entirely new sector: blockchain gaming!
Bilo | Crypto Society
Tell me more…….
Daniel | CEO | Bird
Hah, I made the same face after our first team calls discussing the potential here!
Bilo | Crypto Society
Hahahaha — How does gaming represent a unique opportunity for Bird’s growth?
Daniel | CEO | Bird
Gaming is a particularly exciting area in crypto IMO. It has the potential to reach many folks that weren’t already emersed in crypto. In fact, it’s already doing that. We’re seeing entire regions adopt these games en masse as a new and preferable way to earn an income.
However, all game developers are currently faced with the same problem: the life cycle of a game is very short! Often less than 6 months. This puts a lot of demand on customer acquisition and profit generation. So this is where our first gaming products will be focused.
Bilo | Crypto Society
Play to Earn. Who wouldn’t love that?
Please tell us more about this and about what innovations are currently happening in the gaming sector that align with Bird’s goals of providing ML solutions for gaming platforms?
Daniel | CEO | Bird
By using on-chain data to predict which users will provide the most value to an upstart game, we can fundamentally change the revenue models of these games. They will be able to onboard power users more quickly and more profitably, helping each platform to secure the resources it needs to thrive.
Daniel | CEO | Bird
We’re in talks with an exciting new platform being built by a team out of Singapore. They’re interested in a significant partnership with Bird, potentially the most impactful partner we have in the nest to date. I don’t want to say much more until a formal announcement is made, but this is shaping up to be a game-changer for Bird!
Bilo | Crypto Society
You can tell me. It’s just me and you in here. I can keep secrets….
Daniel | CEO | Bird
LMAO
Bilo | Crypto Society
So, basically you are able to analyse consumer behaviour via OC data to identify the customer base that adds the most value to the project? That’s really amazing!
Daniel | CEO | Bird
Exactly. We predict who is likely to become a power user on the platform, and the platform gets the opportunity to work with those users on a more intimate level to help them grow their platform, network, etc.
Bilo | Crypto Society
Dan, this new info about Bird is so very exciting and I’m sure you will surprise us with even more amazing news in the months and years to come.
Bilo | Crypto Society
Do you wish to let us know anything else that was not covered in the questions above?
Daniel | CEO | Bird
Absolutely. One of the best parts about what we’re building is that we have the potential to touch nearly every sector in the industry. User data mining is arguably the most important innovation from the online world in the past decade. Bird will be pushing that innovation even further over the years to come!
Bilo | Crypto Society
Part 2 of the AMA will now begin: The chat room will be unmuted and you, our precious community get to ask your questions and where our guest will do their best to answer as many questions as possible.
Five questions will be selected by our guest to win $50 worth of $BIRD tokens.
Lucy
Unfortunately, some projects are abandoned halfway through development because their developers are unable to attain the required capitalization in the long run; how do you intend to make this project sustainable for its development?
Daniel | CEO | Bird
We’ve already raised capital through our partnership with Binance and the program culminates in presentations to the biggest VCs in the industry. We’re already well on our way to fully capitalizing the first few years of development for Bird. I’m very confident about our prospects here.
Tien Luc| Buy The Dip🎀🎁
As far as I can see, NFT and BSC are the next trend of new projects. As I know there are a lot of very good development projects on this platform, what do you think about this development?
Daniel | CEO | Bird
A few of you have brought up NFTs, which is definitely an exciting area for Bird and our industry. Bird’s Analytic NFT is just our first foray into the space. We’ve created the first NFT that directly incorporates each wallet’s unique transaction history. Read more on that here:
But, NFTs will likely play many other roles in our ecosystem. Like any new tech, we’re still just scratching the surface of what it will be capable of in the years to come!
Fiuong Gia
Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team?
Daniel | CEO | Bird
Our token economics are very clear and very public. The majority are in circulation already. There is no mint function, so the supply is permanently capped at 140K tokens. You can see all the lockups here:
Viet Bam
Mass adoption is one of the big problem for blockchain projects. So how will Your Project solve this problem in order to achieve adoption in reality?
Daniel | CEO | Bird
Simple and Better user experience. For the majority of the world, tech stack doesn’t matter. What matters is what the tech stack can do. Bird’s products will allow developers to deliver new products and experiences that web2 can’t compete with. That’s what will drive more to explore our side of the fence!
David
What is your most ambitious goal of your project? We would appreciate it if you could share with us any Upcoming Updates?
Daniel | CEO | Bird
The most ambitious goal of our project is how everyday users are involved in it. As I said above, we’re creating a platform where the users are elevated to new roles, levels of importance. For algo’s to serve a beneficial role in society, we need a better way to develop them right alongside the users that will be affected by them. That’s the only way to create a future where they help and not harm society.
Quang Huy
Do you have any plans to attract non-crypto investors to your project Because it is the success of a project to get more investors who are still not in the crypto world. What are the plans to increase awareness around your in non-crypto space?
Daniel | CEO | Bird
Yes!!! We’re one of only a small number of crypto projects that actually plans to sell their products to web2 businesses as well. As these legacy tech companies build strategies to enter the crypto market, they’ll need wallet-level intelligence to inform marketing campaigns and other early outreach tactics. So we’re developing tools for both crypto and non-crypto businesses.
Bilo | Crypto Society
Thank you for your time in answering our questions here today. We are all very appreciative of your time and of the answers you have provided.
Daniel | CEO | Bird
Thanks to you as well Bilo! And everyone in the CS community! Always a pleasure coming here to chat!
Relevant Links
Bird Website: https://bird.money/
Bird Telegram: https://t.me/birdmoneygroup
Bird Twitter: https://twitter.com/_birdmoney
Crypto Society Chat: https://t.me/cryptosocietyy
Crypto Society Announcements: https://t.me/CryptoSocietyyy
Crypto Society Twitter: https://twitter.com/cryptosocietytg
