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EP #76- Wellness in Web 3.0: A New Digital Age of Health with Parker Jay-Pachirat, Founding Member of BoysClub

54m 20s

EP #76- Wellness in Web 3.0: A New Digital Age of Health with Parker Jay-Pachirat, Founding Member of BoysClub

The podcast explores how Web 3.0 technologies, particularly blockchain and NFTs, can transform wellness and fitness by creating new incentives for users. Guest Parker J. Patrat, a Web 3 expert and founding member of Boys Club, explains blockchain as a decentralized, immutable, and transparent digital ledger that records transactions. She highlights its potential beyond finance, such as improving supply chain efficiency or insurance transparency. DAOs are introduced as member-owned communities with shared treasuries and flat hierarchies, where voting is transparent and automated via smart contracts. Boys Club, a DAO, aims to reduce barriers for women and non-binary individuals entering crypto through real-life events, accessible educational content (e.g., TikTok, Reels), and a supportive online community. The discussion emphasizes that hands-on experience, like setting up a wallet or buying an NFT, is crucial for understanding crypto's value. Parker recommends resources like Boys Club's learning roadmaps, Bankless podcasts, and exchanges like Kraken and Gemini for beginners. The episode underscores that crypto offers new means of ownership and community, challenging traditional skepticism about digital assets.

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8686 Words, 47186 Characters

English
(gentle music) It's not just about the NFT, it's not just about the token, but it's sort of like an idea of like, what new incentives can you provide for someone to use your app, for someone to move their body, right? And so I think that's one really interesting aspect of crypto within wellness and fitness, right? 'Cause it's like gamifying the experience. Welcome back to another episode of Everyday Endorphins. This week I'm thrilled to have Parker J. Patrat come on to the podcast to discuss the intersection between wellness and Web 3.0. I know NFT week was a few weeks ago, but I feel like this episode is incredibly timely given that crypto and the blockchain and Bitcoin and NFTs are all really accelerating. And it feels like this is kind of the future that we're all trending towards. Something that is really interesting to see is how wellness brands are tapping into this space and how they're utilizing the blockchain, the metaverse, NFTs to transform the wellness industry as we know it. Given that Parker is a Web 3 crypto NFT connoisseur, I felt like she'd be the perfect person to come onto the podcast. Parker is a founding member of Boys Club, a social club in Dow welcoming the next 1 million women and non-binary individuals into Web 3. She also wears a ton of hats in the crypto space, which we get into during this interview. So stay tuned for everything that Parker has to share and get excited to learn a little bit more about crypto where Parker specifically sees the applications for wellness brands in Web 3.0 And how Boys Club is helping provide resources and access for women and non-binary individuals to become more educated about this space. Before we get into the interview, make sure to like, rate, and review this podcast on whichever listening platform you prefer. - Hi Parker, thank you so much for coming on to the podcast. - Hi Stella, thanks for dropping me. I would love to start out with you kind of sharing with my community a little bit about yourself and how you found your way into crypto and Web 3.0. I mean, I know we connected offline a little bit about what you studied in school and how things kind of evolved and unfolded to where you are now, but if you could give a little summary for my listeners, how you ended up kind of in the space. So I'm Parker. By day, I'm head of community and on the investment team at Fintech electives T5 fund. We're an early stage international VC located in New York and focused on crypto and Fintech. I'm also a founding member of Boys Club, which is a social club in Dow, onboarding the next 1 million women and non-binary individuals into crypto. But yeah, I definitely got into this world, I guess, through a bit of an untraditional path. I've always been really interested in systems of power. So in my uni, I was studying a major called critical theory and what that is essentially is at its heart and interrogation of systems of power. So a lot of people at my major go on to do law or start their own nonprofit or maybe work for an nonprofit. But while I was there and while I was studying critical theory, I started making a lot of connections between what I was studying and the transformative opportunity that I saw technology present to change and shape and reshape systems of power in our society for the better. So I started off my career as a product manager across a few startups, went into also getting involved sort of on the other side of the table. So I started working with a novice VC, they're an international release stage fund focused on alternate proteins. So everything from like beyond me to lab-grid me from there came on as an intern at a Fintech community and content startup called Fintech Today. I was doing a lot of research for them, writing for them, eventually came on as a product manager and from there actually became their chief of staff. While I was working there, I was really interested in Fintech 'cause I saw this opportunity to redistribute wealth and make sort of our financial system more equitable. But while I was there, I started learning more and more about crypto and it had something, crypto had been something that I was aware of for a while, but didn't really think that I was into and it was only until I started really diving into the underlying technology. So like the blockchain itself that I really had that label moment and realized the transformative potential of crypto and blockchain for not just finance, but all kinds of different industries. And that's when I was really peaked. So I launched the first spin-off media arm of Fintech Today called Crypto Tonight. We ended up getting acquired by Workweek, which is when I joined Fintech Collective and most recently started working on Boys Club. - That is a lot that you've done and it's so fascinating to see the trajectory of what you studied in college. Critical theory sounds like such a cool major. It seems like a fancy way to kind of say philosophy with like a different, you know, a few add-ons as well, which is really cool. Like I always find it fascinating to learn about what people studied in college because I feel like across the board, there are just so many cool accommodations of like what people can study or like different names of majors. And it's always so interesting to see how those studies transfer into the working world and like how you can apply what you learn in a really nontraditional unique way. And specifically within crypto, I know you talked a little bit about how like the technology is really what started to peak your interest in understanding like the underlying infrastructure of like what the blockchain is and you know what's powering like NFTs and then this whole crypto space. Like I've slightly, you know, read and dabbled a little bit and just trying to better understand like what the value is of this technology. I sent out some feelers with my listener community just around what they wanna hear around crypto and understand about this space. So I think we should start there. Like what is the technology in the most basic like simple terms like what is it that is the foundation to the blockchain? Why is it valuable and how is this gonna kind of become I guess the future of you know way the way that like I think like FinTech is moving towards and you know how we might re-engage with like currency. - Yeah, great question. All of crypto is running basically on a blockchain. There are different types of blockchain that exist but very simply a blockchain is just an online record of transactions. They could be transactions for money, transactions for the movement of goods or exchanges and information. So basically a blockchain is a growing set of records that are bunched together into blocks and linked together. I think a few important important characteristics to note here is that the blockchain is fully decentralized meaning data and the way it's running are sort of cross nodes that are distributed. So all of the data stored on the blockchain is not owned by one central entity or person. It's also immutable. So no one can go back into the blockchain and reorder anything or erase anything. So that's like a very important factor as well. And the third aspect is that it's transparent. So anyone can go online and explore the blockchain and see this record of transactions and like a timestamp of when they were made. There are many different things that a blockchain can be used for to give you one example. Blockchain could be a way to make subligings much more efficient because it would allow us to track all kinds of shipments and the movement of goods and verify where those goods are going across international routes and when they've been delivered. They could also be used to increase speed and visibility in the public sector and governments or in insurance making insurance more transparent with set conditions for payouts or even open data marketplaces where a blockchain could be used to create large open source platforms to exchange data anonymously. The crypto that we're talking about and that we're probably thinking about when we say crypto also runs on these blockchain. So all of the transactions made all of the sort of quote unquote minting made so when you purchase an NFT and put it in your wallet, that's all viewable on the blockchain. And what it really offers us I think is not just [BLANK_AUDIO] open accessible financial infrastructure, but also new means of organization, new means of communication, new means of value capture, for example for artists and creators. That's a long-witted way of saying blockchain is essentially just a transparent, decentralized, and mutable infrastructure for recording different kinds of transactions. So clearly there's a lot of purpose or a lot of different purposes behind the blockchain and there's a lot of ways that the blockchain can be used and implemented. I heard you say something about like decentralization and I know that you're developing the DAO with voice club and I'd love for you to talk a little bit more about like what a DAO is and also you know the role that the DAO plays in voice club and you know also what voice club is to your involvement there. Yeah for sure. DAO stands for decentralized autonomous organization. A DAO is a member owned community without centralized leadership or membership or less centralized. It's flatter than a traditional organization and mobilized around a common goal and druster cause. So one common characteristic of all DAOs which you could think of as sort of like a community or a group chat is that they have a shared treasury right. So a shared pool funds and members vote upon how those funds are used and utilized. I'd say the main differences between a DAO and a traditional organization is in a traditional organization or company. It's very there's a very strong hierarchy set in place. A DAO is usually flatter so the power and decision making power that each member has is more equal or gained in different ways. So for example a pretty traditional DAO structure would be that the more you contribute to the DAO the more voting power or wait wait in your vote that you have. In a traditional organization or company if voting is even allowed votes are usually tallied internally or privately. Within a DAO votes are tallied and tracked transparently and trustlessly meaning there's no centralized intermediary necessary to pledge a vote or conduct a vote and outcomes are often implemented immediately and that is done through what is called a smirk contract which runs on the Ethereum blockchain and a smirk contract is essentially just a few lines of code that uses an if-then function. So if this then this right so a good example that could be you know if a vote passes through then this aspect of the protocol within the DAO changes. I think a third a great example of a primary difference between a traditional organization and a DAO is that usually with a traditional organization activity especially decision making activity is private and limited to the public or limited to a few members of that company within a DAO. Pretty much all activity is transparent and fully available to the public. So a few examples before I get into my voice cup is of what a DAO could look like. So a DAO could look like a charity where you accept donations from anyone in the world and vote upon where those donation where those funds are donated to. It could look like a venture capital DAO right where members pool their funds and vote on ventures to back where the money we paid is later distributed amongst the DAO members and decision making power is more equal amongst members. You could also look like voice club. Voice Club is a social club. Basically we are onboarding women and non-binary individuals into web 3. Also just welcoming them in because our community has a lot of not just people who know nothing about crypto but also people who have been in the space for a very long time and are very seasoned investors and founders. And so what we're trying to do is create a welcome space and reduce barriers to entry in three primary ways. The first way that we're doing that is through in real life events. We have hosted a couple different community events that have all been super successful. Our last one's let out I think in like 15 minutes it was like a hundred tickets which is amazing. But at these events we have a keynote we bring in about four, three or four women to sit on a panel and answer questions from the audience just about crypto. And if you don't feel comfortable asking your question in person you can also text it into our hotline. And then we have drinks, we hang out, we talk and at the end we do like a really big dance party. The second way that we're reducing barriers to entry is through taking a very playful and energized approach to educational content and crypto literacy. So what that means to us you know is there's a lot of technical terms in crypto. It can be very intimidating to break in. And we're trying to make crypto more accessible and just a little more fun, right? So we produce like TikToks, Reels, Instagram stories. One really great one we did that I loved was if different tokens were reformation pieces. I love that. That's so fun. Yeah. So really just trying to like make it fun, make it accessible, make it understandable. And third way is just through our like discord and community. So we're really building that out right now. We have about seven working guilds within our DAO and those are essentially just different groups focused on different aspects of what is needed to make boys club run. So onboarding, social media, I'm leading the DAO creation guild which is like transforming our community to a DAO and so on. You know, I think it's great that the mission with boys club is to you know reduce those barriers to entry for like women and non-binary individuals to gain an understanding of like what's going on in the crypto space because it's so male dominated. And I think that is like pretty it makes it kind of intimidating. Like I didn't know anything about NFTs until last summer one of my male friends was telling me how his one of his like really close friends invested in like one of Gary V's NFTs kind of way back when and good thing he did at that time because now it's worth like so much money. So he you know he I guess maybe it's a combination of luck I don't know but you know he saw his friend kind of you know invest in that Gary V's NFT and starting to kind of dabble in crypto and he's now starting his own NFT project which is really really cool. I think we can also kind of talk a little bit later about like what creators are getting out of it and like the value they're creating for community specifically with the NFTs but my friend kind of saw his friend do this and was like I think I should start to invest in NFTs. So he got his hands on the world of women project which was also great investment at the time because he was able to you know sell it and buy another piece of artwork and profit off of that which is pretty cool and so we were talking a lot about it last summer and he encouraged me to do some research and you know that led me to opening up like a Metamask digital wallet and purchase Ethereum and dabble on OpenC and I also I ended up getting an NFT but I still have honestly no idea what I'm doing the space. I think it's something you kind of just have to take slow and steady and just observe you know what's going on in that area but I I think it's just great you know to your point earlier that boys clubs mission is to kind of reduce that barrier to entry because you know although I'm so happy that my male friend was the one that kind of introduced me to it and was pushing my thinking around NFTs and like really engaged in that conversation with me. I wish I was having these conversations with my female friends and I feel like that's there's such a lack of like conversation about crypto and like the blockchain and web 3 amongst like the women community so I I think what you guys are doing is awesome. Where should people start if they want to be a bit more educated around like the value of NFTs, Web 3, where should they go to look for some resources? Great question. So you can go to boysclub.vip/learn. We've created two educational road maps one for people who are more crypto curious, one for people who are more crypto comfortable and there we'll walk you through step-by-step with videos on how to set up your crypto wallet, how to buy a crypto, how to buy your first entity. I think something that's very important to emphasize is like in the process of learning about crypto there's only so much reading you can do. I do think like a reading is really important but until you actually start to sort of like get involved with being more hands-on there's only so much that you'll really understand but I will say other than that you know there's a there's a lot of great resources out there so Bangladesh is like a really amazing news that are in Porticats. every Friday they have the BINGLESS weekly roll-up podcast and I'd recommend listening to that every Friday to stay up-to-day on crypto news but also to sort of just learn about terms that you might not understand yet and sort of just research them. Actually Kraken which is a decentralized exchange, it's CRAKEN. They have a lot of really great resources if you look up, you know, NFT Kraken or whatever, they have a lot of really great educational resources and so it is Gemini. Gemini actually has this sort of cryptodictionary that you can look through and so you could like go on their website and sort of just scroll through this and explore. But those are like sort of like the beginner resources I would recommend. I would definitely supplement like doing more hands-on sort of activities and actions with learning and reading and listening to podcasts and all of this because I think that's the best way to really understand and start, you know, getting getting a little deeper in the space. Yeah definitely, I agree. I feel like you can only do so much reading up about it until you actually kind of like immerse yourself dive deep into it and actually like set up your digital wallet, like purchase a theory on or another type of cryptocurrency like actually buy an NFT or just like kind of testing it out so you can get a feel for like what it actually is. I think another area of I don't I don't know if like confusion is the right word but I think a lot of people, especially people I think maybe like the older generation are like well what's the value of buying like digital artwork like what's the value of spending so much money on this NFT. You know I don't understand like why why would I waste my money on something that exists in the metaverse like why not have the physical item and you know I think there's a lot we can talk about there because I personally am still trying to understand like the actual value that's created however when I do think about the way that like wellness brands are starting to engage with the metaverse and like the crypto space and NFTs. I'm starting to kind of see that there is a lot of value that can be captured and created and you know it starts to make sense to me because the industry that like peaks my interest the most is wellness. That's kind of like the avenue that I want to go down to better understand the crypto space but in general you know like how how would you describe to people who are maybe like hesitant to get into the whole crypto space like the value that has actually provided around NFTs and purchasing cryptocurrency. So you mentioned NFTs specifically I can definitely speak to that but I think what's more important to emphasize first is that there's so many different access points into crypto beyond just NFTs or tokens right. Like I said before blockchain and cryptocurrency are kind of enabling new means of ownership new means of social organization which we're seeing in DAO's and if he's like you mentioned decentralized finance which is you know making the financial system globally accessible to people who you know it was never available to be for so it's so much more than just NFTs right or flipping NFTs. I personally am not into flipping NFTs I have a few NFTs that I love some of which were gifts some of which I purchased but I'm not really in the NFT world to make money some people are and that's totally great and fine and definitely a skill. I think you know what's what's important to emphasize like with NFTs in particular and where I think they're really valuable. There's a lot of conversation about about you know maybe what the most valuable aspect of an NFTs. I think like what's most compelling and exciting and valuable in my opinion to me is that it allows creators to capture the true value of their work right. So like in the traditional art market and art world there's always an intermediary between artists or creators and their fans and that entrepreneur is usually a gallerist an agent whatever and they actually got like you know the majority of the of the revenue that an artist makes but when an artist is you know producing their artwork sharing their artwork through an NFT you know the the way that this is structured allows for the removal of intermediaries so it allows for artists to more directly connect with their fans and actually capture the true value of their work aka like like the actual revenue that their that their work is generating versus having that revenue code is someone else. You know there are other arguments I think that can be made about quote unquote utility NFTs so you know maybe an NFT that you purchase that gives you membership into a club or a group or that gives you some kind of benefit you know maybe more access if you're if you love like Ariana Grande maybe you purchase her NFT and you get to skip the line. Evacrate start up in my portfolio of fuel that's for young's of doing this right now. I think like the sort of fundamental basic the fundamental basics of crypto and blockchain right which is again like decentralization transparency these are allowing for the removal of intermediaries and bottlenecks and gatekeepers right that have been present whether that's in the art world whether that's in finance and really allowing us to reimagine these systems and participate in them in new ways. So that's what I would sort of say overarginally is I guess like the value of this technology. As far as wellness because I know earlier I mentioned that that is like one of my primary interests and today not only are we here to talk about boys club and just like the crypto space in general but also how wellness is kind of folded into Web 3.0 and the Metaverse. I really want to hone in on how you've seen brands engage with the Metaverse and crypto and Web 3.0. Like what are we seeing wellness brands doing in this space and how is the Metaverse shaping the wellness industry and how people start to engage with their own wellness practices. That's a great question. The Metaverse I can speak on too much but I can speak on a recent project called step n. It's a move to earn application I guess or game on this alone blockchain that's recently really taken off. Basically it allows users to purchase a sneaker and a T and then to get crypto rewards from walking or jogging. So you could really think of it as like Strava if it were like crypto if I'd and it grew to like over 300,000 daily active users in just a few months and it's sort of kind of seen as this case study of like bringing new participants into crypto that might not be for have been participants in it. So I think that's one great example. I think in terms of like brands in a larger sense there's obviously a lot of a lot of like Web 2 brands and just traditional brands that are kind of trying to pivot to either using crypto or using NFTs or using the Metaverse whatever that even means in some way to stay relevant. I don't really know if that's even necessary to be honest with you but I think we're definitely seeing that trend with like Aussie Dawes partnering with like Bordebioc club for example I think Nike's doing some stuff I don't know how you know necessary this is. When I usually evaluate you know a crypto project the first thing that I ask is like does this need crypto at all if not it doesn't really make sense for it to be there but I think step n is a great example of like how you know I think that's like a pretty good actually use case of crypto within wellness and fitness right because it's like gamifying the experience right so it's not just about like the NFT it's not just about like the token but it's sort of like an idea of like what new incentives can you provide for someone to use your app for someone to move their body right and so I think like that's that's one really interesting aspect there's also like a few Dawes focused on the wellness space I can't remember the name of one right now but like you know that's that that Dawes like allowing people to connect in new ways and share information in new ways and mobilize in new ways as well but yeah I'd love to hear you know if you have any specific examples in mind of like wellness brands or like initiatives that you've seen that you think are really strong in terms of sort of intersecting wellness and crypto From what I've seen mainly with wellness brands and Web 3.0 and Metaverse, it's been primarily in the Metaverse. So, you know, like, Aloe Yoga, that company, they did like a wellness retreat thing in the Metaverse. I saw an article about that. You know, I think Nike has Metaverse sneakers. I mean, we see a lot of like luxury brands now entering the Metaverse. And I think like also as far as fitness and wellness brands, like Lulu Lemmon is trying to figure out like their strategy to go into the Metaverse. You know, as they see like other competitors going there, you know, I would assume so. I don't think they're currently in the Metaverse right now or have tapped really into that space. But you know, if Aloe's there and Nike, I'm sure Lulu's trying to get there in Athleta. You know, I feel like it's going to be this wave of like wellness intersecting with crypto and NFTs and the Metaverse. I'm so curious to see like what the potential applications are for that. Earlier we were talking more about like that specific use case with step in. But what do you think, you know, these brands could leverage by being in the Metaverse? Like how could that add value to their pre-existing community? Yeah, it's funny because I was going to ask you a similar question. I mean, I think like I think there are some really interesting ways, right? That these brands can use crypto. Like I think, you know, if they were to each launch a token and to provide rewards and they're token like on a, for example, like linear or binary token investing schedule, right? Where if you're maybe if you're an Aloe member, like for example, I have the Aloe online like class account. So like if they launch their own token, they could do investing schedule where I lock up my tokens, right? On like a two year time period or maybe they have a treasury with a portion of the treasury reserved for this. And if I log in to my account, right, or complete X amount of classes or over X amount of classes, I'm invested. Like a higher amount of tokens, a cave rewards than someone who is in the bottom 20% title of logging in or doing classes. So I think that's a, that would be, you know, a really interesting way for brands to sort of leverage crypto over archingly that what that really is is just the ability to provide and create new incentive mechanisms for engagement and usage in terms of like Aloe hosting a retreat in the matter is honestly I'm kind of like, is that really necessary? Like is this actually bringing value to people and to their users even want this? I think that's another big challenge that they're going to face, right? It's like even like with the idea that I just proposed of, you know, them launching their own token and doing this sort of binary or linear gradient token investing schedule to reward their most active community members and users. How would require onboarding all of these members, right, into how do you set up a wallet? How do you mint maybe like an NFT, right? Or how do I get access to these funds? How do I send these funds from one wallet to another? Like it requires all this onboarding that I don't really know if they have capacity for and my best sort of guess would be that most of their users or like total addressable market is not crypto native. So yeah, my question for you is actually sort of going to be like, do you even think that like I see a lot of these sort of like Web 2 brands reaching into crypto as almost like a, you know, they want to be a part of this new relevant thing. I think what I think is more interesting than these sort of brands that have already existed trying to utilize this new technology to stay relevant is how people and participants in this new relevant technology that are interested in wellness are creating new things out of it. Right, so like step in, could be one example. These wellness doubts could be one example, you know, maybe we'll see a doubt and maybe like wellness doubts are already doing this, but where members, you know, are pooling their funds and then they vote upon like where they want to go. If it's like a yoga down like where they want to do their retreat, maybe what members they'd bring on, like all these things can be voted on using like governance tokens or like for example, they could do like a wellness style where it's only for instructors, right? If you're a fitness instructor, whether that's yoga, soul cycle running, private coach, Pilates, whatever, you can join if you want to like learn other, learn other kinds of fitness or like just take classes from other instructors and then you can vote on, you know, or sort of have a system where the more classes that you teach, the more tokens you get and the more decision making power then therefore you have in like voting upon where your next retreat is going to be. So I think there's like a lot of, you know, just utilizing all of these new avenues, right, for ownership, for social organization, for the creation of new incentive mechanisms, right, for engagement and participation. I think that's what really excites me and I think that would be the most sustainable connection to wellness, right, to practice as a wellness or to newer brands of wellness. But I don't think necessarily that the transition of web to quote unquote brands into web three is necessarily sustainable. Like we even have seen this with like Fendi. So like Fendi basically created their own branded ledger and like what a ledger is is essentially just like it's also called like a cold wallet. So it's basically this little piece of metal kind of like a hard drive where you can like store your crypto on. They created like a Fendi branded ledger which like sounds pretty cool but everyone in crypto is sort of like what like this makes no sense because if you actually have enough crypto, like usually when you're moving your funds onto a ledger you have like a ton of money or NFC's worth like a ton of money. And so you don't want to advertise the entire world that you have this like ledger with a bunch of crypto on it, right? So like branding a ledger with Fendi and sort of advertising as like you can put this on your purse. Like you wouldn't want to do that because that's kind of actually like a threat factor to getting hacked or like getting kidnapped or you know crazy stuff happens in this world. But like I think that's an example of like a brand not really being informed just sort of on like the basic practice of like what they're trying to like apply their branding to and how it's actually used and you know in that sense it's not very sustainable. And then again I think there's this whole question of like even if the idea is good even if it works or resonates like how are they going to onboard like the majority of their current users and fan based and community members who are probably not crypto native, right? And really you know set like getting each individual aloe member aloe user aloe buyer to set up a crypto wallet is hard. And then you're going to need like a customer support team for that, right? So I think there's a lot of like questions about that. I think like one really one really great person like tackling this issue though is a company called Sarah Tonin they're like a they're kind of like a crypto marketing consultancies specifically helping web to brands transition to web 3. So I think that's pretty cool. But I do wonder about the sort of like onboarding aspect of all of this. These are such great points that you bring up and I would honestly I would agree with your perspective on will you know to do brands like aloe really need to like meditate in the metaverse. Probably not. I mean there's like you mentioned earlier there's just tons of other potential applications that these wellness brands could utilize to create more value for their community and actually like bolster their members wellness practices. Like beyond just kind of clicking into roblox and I believe that's what's called yeah roblox and I'm sitting down like to do a guided meditation in the metaverse. I mean I think also people who are maybe you know anti NFTs metaverse web 3. or are more hesitant to you know this space. I think they're they argue in there might be you know are we just going to be in VR headsets for the rest of our lives like are we just going to be completely digital virtual living. And you know I would hope that's not like where we we run towards and I honestly don't think that's what it's going to be because I can't imagine like completely living our lives like glued to like a VR headset or not being in like the physical reality in the turntin. But you know again it's like well what do people really want to sit down and like meditate in some virtual setting like sure it could be cool for you know a one time try but I think that that's not really where like the value fully lies within you know accessing the web 3 space specifically for wellness brand. So I agree with the points that you made and I think that you offered some really interesting applications for how these brands could actually use Web3 to their benefit and create more value for their community. So clearly there's a lot of opportunity within this space for wellness brands to create more value. And I think it also allows us to kind of reengage with our own wellness practices as well. I totally agree. I mean I think there's definitely certain practices or activities that the metaverse or like a VR kind of world could really be utilized for in like a desirable way. But I completely agree that I don't think that necessarily we're going to be like living in the metaverse. Again, like I think like we're not even really at a point where we can ask those questions. I think like one one thing that I've been thinking about a lot and that I think is a problem that needs to be solved before we can even really begin asking these questions is like interoperability in the metaverse, right? Because there's always different metaverse platforms that exist. But if we actually believe that the metaverse is going to be like dominant or that we can really develop things in it, we're going to either need to have one basically like monopolized metaverse platform or a bunch of different metaverses that are interoperable. Like you can kind of like move between them easily and like move in game assets or in game items between them or in game currency between them. And I don't know if any like bridges that exist for that yet. So, you know, we're I think personally, I think we're really far out from like a lot of metaverse development. But I'm also not super deep in that sector of the space. But yeah, totally agree. Like I don't think we're necessarily going to be wanting to have like a VR headset on all the time. And you know, even with Oculus, like, you know, Oculus was not as successful as everyone thought it was going to be. And there's still a lot of problems with VR. Like, you know, a lot of people get like motion sickness or just sick from using VR. And that's still like a problem that needs to be solved. So definitely like if VR and the metaverse is to scale that that's like one low hanging fruit. I don't even want to say low hanging because actually researchers have been trying to solve for that problem for the while and haven't. So, but that's like definitely, you know, just sort of like a practical issue that would need to be solved for first. Right. And with VR in particular, I mean, I have the Oculus and I've used it twice since getting it probably like in October and it's May now, you know, the time that we're recording this. So, you know, at first, it's like, ooh, this shiny, fancy new object, like what's VR? What's metaverse? What's this? What's that? And it's like exciting and novel. And then like I tried it and it was fun, but it was like not like sustainable. Like I didn't see a way for like VR to be integrated in my life. At least not yet. I mean, who knows? I feel like when the iPhone first came out to the market, like we had no idea back then how it would kind of like transform our lives and how like, you know, social media is a form of like social currency now. And it's just so culturally relevant. Like, you know, it's, it's hard for me to sit here now and make these statements or predictions about VR and the metaverse for the future when honestly, like I have no idea what's going to come of it. But to my point earlier, like, you know, I think VR compared to kind of what we were talking about before around like other use cases and value for brands to engage with Web 3.0. It's there's, it seems like there's greater value, you know, in the, like it seems like there's more value for these brands and companies around like creating something rather than just kind of like diving straight into the metaverse. But, you know, you've provided so many great perspectives today. And I think it kind of goes to show like this topic in particular, like there's always more to learn and there's always going to be more to research and so great to be connected to Boyce Club and utilize that social club as a way to kind of inform more of your knowledge around what's going on in the space. So I would encourage my listeners to definitely check out Boyce Club and, you know, if you're interested in learning more, definitely sign up to, you know, to be a part of the community and don't feel discouraged if you feel like you don't know where to start because Boyce Club provides so many great resources. I, you know, I'm happy to, you know, join the community now and follow along on Instagram and I think, you know, what you guys are doing is so great. I want to switch gears a little bit and ask you some questions just around your own experience with wellness and mental health. What I talk a lot about on this podcast is healthy practices and habits and things that you incorporate in your day to day that bring you a sense of joy and purpose. So what are some practices that you are like a must have in your routine around wellness and taking care of your physical and mental well-being? I mean, a lot of things come to mind. I am like plant-based, which is great, but I think like something that I've been thinking a lot more recently is just respecting, I guess, my own wants and needs, like being really comfortable having a loan time. And I'm like a very, very, extraverted person. Like I talk to people all day, that's part of my job. But I definitely like taking that time for myself and I think I see a lot of people that maybe go out or hang out with people just because they don't want to be alone, but like when they don't actually enjoy hanging out with those people that they're hanging out with. So I think like for me, it's really important to just be cognizant of who I spend my time with and really spend, you know, like 70% of my social time with like the top, like the top like 30% or 20% of friends and people in my life. Sleep is super important. So I've been just like developing more of like my bed time routine and doing candles and incense and a bath and like that's really nice. So Pilates I love, which you're just talking about before you hopped on here. But I've been doing a lot of Pilates. I love how, how much I have to focus during it actually. Like I can't just sort of tune out because it requires so much balance and strength. And I can feel my body like getting stronger from it after just doing it for like a month consistently. What's essential to wellness for me is not just a diet or a workout routine or a bed time routine or whatever. It's really like respecting my own ones and needs and being able to communicate that clearly. So like communicating my boundaries, communicating my expectations, like asking for what I want or stating what I want just explicitly and clearly and not feeling awkward about that. That has alone has just gotten me really far in life because it's like an asymmetric but what's it where's that going to happen? So I'm just going to say no. But if you don't ask, it's already a no. That's a great perspective to have. And I totally resonate with your point. I feel like a lot of people will just hang out with people that they don't necessarily care to be around. It's just because of like there's that fear of just being alone. And I've started to really like value my low time. I think I've always really enjoyed that growing up as an only child. I've just been alone because I've never had siblings. So it was either just me by myself or my parents or with friends. But I think just being an only child, like I've always liked my alone time. And I've started to value it even more so now as a young adult, especially just because life can come at you at a million miles an hour. It's important to find that time to decompress. And I think that solitude and that alone time actually can really energize you. Then just being around people that drain you or just to be around people for the sake of being around others. So I think that's a really valuable life skill to have. And I'm so glad that you bring that up. My final question for you, Parker. And I know we kind of touched on it a little bit. You know, it's something that I ask every guest that comes onto the podcast. What is something that just brings you a bit of endorphins every single day? Definitely hang out with my dog or it's actually my flatmate dog, but Kiko. She's a mini burnage uddle. And I'm like obsessed there. And like I've never really had my own dog before. So I actually recently moved and Kiko's recently in my life. And you know, at first I was sort of like, she's so cute and I love her. But like I don't get how to interact with dogs. And now I feel like I do. And we've really bonded. And like when I'm like taking a shower, I bathed. She'll like sit next to the tub. And like when I get in bed, she like jumps in about with me. And she has this like tiny furry body. And she's so cute. And she's actually like at boarding school right now. But like it's funny because she's always so excited when she's going to get home. And like jumps on me and like looks me and stuff. And sometimes it's just kind of a lot. But like now that she's. She's like, at boarding school. I keep like being out and I like seeing her. I'm like, oh my god, account me. Do like, hang out with Kiko when I'm home and like, see Kiko and then I'm like, oh, she's not here. Like, oh, but she'll be back soon. So definitely hanging out with her and like, spending time with her and it's also like, being around her and hanging out with her and playing with her. Similarly to sort of like playing with a child, like it just forces you to be very present. And that's definitely really nice. Animals bring so much joy. Puppies are so sweet. I love dogs and I think they're just like, the easiest way to have a little bit of happiness in your day. Sometimes my friends and I will like organize after work, walk to Madison Square Park and like go to the dog park just to see the dogs. So, you know, I wish I had a puppy, but I don't. So I'll have to just free ride off of other people's dogs, but I love that answer and I am just so thankful for having you come onto the podcast. I really feel like I've been informed about Web3 and crypto and blockchain and, you know, it's just so fascinating to kind of talk through the potential applications for this space with also wellness. So thank you again for coming onto the podcast. Everyone should definitely go check out Boyz Club. What's the Instagram handle? Any resources you can direct my listeners to and also where can they find you on social media? - Yeah, our Insta is boysclub.eath. That's boysclub.eth. It's really funny. It's really good content and I promise you won't be disappointed. So definitely check it out. Our Twitter is @boysclubcrypto. Our website is boysclub.vip. And then everywhere on social media, if I have the social media, I'm @parker, which is P-A-R-K-E-R, and then J-A-Y-P. So Parker J-P on Twitter, Instagram, yeah. So yeah, that's pretty much it, but Stella, this was like such a great conversation, so energizing, so thought-provoking. And I really appreciate you having me on and being open to learning about this stuff too. And clearly you're just such a deep thinker and critical thinker. And I really admire what you're doing with everyday and door friends and it sounds like you have an amazing community, excited to be a part of it as well. And just really appreciate your time, your time and your tenderness, and amazing double questions. And so thank you so much. - Thank you, that is so kind. I am so glad we got to connect and I am very excited to, I feel now empowered and I hope my listeners do as well to checking out some of those resources on boysclub and also just engaging in that conversation with your friends and your communities. If it feels intimidating, take a deep breath and know that there's a lot of accessible resources and content out there and that knowledge is power and putting it into practice is also powerful, actually getting your hands dirty and going out there and trying to figure out what does it look like? What does it feel like to purchase some Ethereum and to purchase NFT if that's what you're interested in? And so I think what you guys are doing is so great, so happy to have you as a part of my community now. So thank you again so much Parker, this was wonderful. - Totally, thank you. (upbeat music) - Thank you for listening and remember to like, rate, and review this podcast on whichever listening platform you prefer. Don't forget to keep spreading endorphins and find things that bring you endorphins every day. See you next time. (upbeat music)

Podcast Summary

Key Points:

  1. The podcast discusses the intersection of wellness and Web 3.0, focusing on how blockchain, NFTs, and crypto can gamify fitness and wellness experiences.
  2. Parker J. Patrat, a founding member of Boys Club, explains blockchain as a decentralized, immutable, and transparent record of transactions with applications beyond finance.
  3. DAOs (Decentralized Autonomous Organizations) are member-owned communities with shared treasuries and transparent voting, exemplified by Boys Club's mission to onboard women and non-binary individuals into crypto.
  4. Boys Club reduces barriers to entry through in-person events, playful educational content, and a supportive Discord community.
  5. Key resources for learning include Boys Club's educational roadmaps, Bankless podcasts, and exchanges like Kraken and Gemini for crypto dictionaries.

Summary:

0 technologies, particularly blockchain and NFTs, can transform wellness and fitness by creating new incentives for users. Guest Parker J. Patrat, a Web 3 expert and founding member of Boys Club, explains blockchain as a decentralized, immutable, and transparent digital ledger that records transactions.

She highlights its potential beyond finance, such as improving supply chain efficiency or insurance transparency. DAOs are introduced as member-owned communities with shared treasuries and flat hierarchies, where voting is transparent and automated via smart contracts. , TikTok, Reels), and a supportive online community.

The discussion emphasizes that hands-on experience, like setting up a wallet or buying an NFT, is crucial for understanding crypto's value. Parker recommends resources like Boys Club's learning roadmaps, Bankless podcasts, and exchanges like Kraken and Gemini for beginners. The episode underscores that crypto offers new means of ownership and community, challenging traditional skepticism about digital assets.

FAQs

A blockchain is an online record of transactions that is decentralized, immutable, and transparent. It stores data in blocks linked together, not owned by any single entity, and cannot be altered or erased.

Blockchain can streamline supply chains by tracking shipments, increase transparency in insurance with automated payouts, and create open data marketplaces for anonymous data exchange.

A DAO is a member-owned community with a shared treasury and flat hierarchy, where decisions are made transparently via smart contracts. Unlike traditional organizations, votes are public and outcomes are implemented automatically.

Boys Club is a social club and DAO that reduces barriers for women and non-binary individuals through in-person events, playful educational content, and a supportive Discord community.

Visit boysclub.vip/learn for step-by-step guides. Also check Bankless for weekly podcasts, Kraken and Gemini for educational content and crypto dictionaries.

NFTs enable new forms of ownership and value for creators and communities, beyond physical items. They can represent unique digital assets with verifiable provenance and potential for community engagement.

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