Jokerace: Contests, Composability and Reputation talk with David Phelps

Web3 Magic - interviews with builders of novel blockchain solutions

David Phelps discusses his journey into crypto and the inspiration behind his project, Jokerace. He highlights the benefits of building on blockchain rails, such as the ability to create internet-native contests and avoid fees.
Phelps explains that Jokerace is a fintech product that allows anyone to create and participate in contests on the blockchain. He shares the current status of Jokerace and exciting use cases, including grants and creator-focused contests. Phelps envisions Jokerace as a protocol that enables other services to build on top of it, emphasizing the importance of executability anywhere.

Takeaways

• Building on blockchain rails offers advantages such as creating internet-native contests and avoiding fees.
• Jokerace is a fintech product that allows anyone to create and participate in contests on the blockchain.
• Jokerace has the potential to be a platform for various use cases, including grants and creator-focused contests.
• The executability of contest results triggering actions on other services is a key aspect of Jokerace's ultimate vision.

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Chapitres

1. Crypto and Financial Innovation Opportunities (00:00:00)

2. Building on Blockchain Rails (00:02:27)

3. Current Status of Joke Race (00:05:57)

4. Exciting Use Cases and Future Plans (00:07:54)

5. Joke Race as a Protocol (00:11:57)

6. Executability and the Ultimate Vision (00:17:22)