How Web 3.0 Will Affect the Hospitality Industry (24 Hour Clubhouse Room Takeover)

Welcome everybody to the audio version of the Boostly podcast. So today I am going into the vault and I am finding some of the best clips from a 24 hour clubhouse room that we ran this year. It was an, it was an amazing experience to be part of, to host it, to admin it, and to grab friends and peers from the industry into one room on the the leading audio app and help hosts all over the world. We had a lot of fun, we touched every single corner of the globe and what I wanted to do is be able to put it together, find the best bits and put it into the daily Boost podcast. So I hope you enjoy. The section is not going more than 10 minutes, but it's going to feature a part of the 24 hour room that resonated the most with me. So thank you for tuning in and I will be back tomorrow with another pod podcast episode. Right now though, let's jump into that clubhouse room. If you could just give a very brief outline to why you decided to dedicate your time to web 3.0 and digital currency and then we'll sort of just. I've got some questions for you that I'd love to throw at you.

Well, personally, I like people. I like communities and I don't like companies. Even if I work in companies and I have a company, etc. I mean, I find that people are better together when they are between amongst friends or in communities and they tend to be like the company environment tends to take not the best out of people. So that's to answer your question, like why? Why I like this? I think it's like part of my character and it's just I'm just naturally drawn to things which can be done together as people. And I also like to do things on my own. So as I was saying before, but I think it's right we should repeat this. I see the Internet. So this new thing in humanity is just 25, 25 years old. And it's gonna be with us for a long time, I guess has already gone through two eras. So the web one is the 95, 2005 period, more or less. And let's forget before 95 was really, really just for nerds. And that period, you could do a website, sell some stuff online, even get some direct bookings. It was peer to peer. People interact with people through a website. Right. So the Internet was away for people to find each other and transact a little bit. There was not real money exchange. PayPal and stuff came at the end of this cycle and that was amazing for me personally because I could build my own business, I could travel, I had my booking platform like Airbnb, but before. Airbnb is small scale. And so for me in my life, the Internet made it, you know, opened the possibility to not have a job and go to an office, but travel the world. So basically it was life changing, right? And then 2005, until now, we had the, you know, the big companies came in, big investments, startups first and then they grow into monopolies very often. And that, that's not a nice period for me. I mean, it's been great for the Internet. It's been great as a consumer. It is great as a consumer. We are on a platform clubhouse. We use Facebook, we use Amazon, Google, Airbnb. It is beautiful. From the user point of view, right? But from a maker point of view, from an entrepreneur point of view, I don't know. There's this narrative in which you build a startup and you become the next big thing. But statistically this is not going to happen. Statistically, if you do a startup, it's going to fail or it's going to become like they call them zombie companies and it's a horrible way to call them because a company is something which just, you know, works while in the startup to monopoly narrative, you have to make it big or go home. Right? And I never liked this thing and I really understood it. And of course my own experience was bad because I basically lost my business. I had to reinvent myself, open a startup and then work on the platforms, work on Airbnb, on booking, etc. And maybe because my previous experience was so good, I had the feeling very early on that was not going to end well. When you give all the power to a platform, and this platform is a company which is driven by profit, and profit itself is not a bad thing. But the dynamic is money machines. So these corporations are there to make money and then they share the money with the people working in the company and with investors. Right? So this kind of hierarchical structure, investors first, users later, doesn't end well for the user, especially for the supply side, Right? In our case, this has been like very apparent at the beginning of COVID when Airbnb decided that our money wasn't our money and he gave it back to the. They gave it back to the host, to the guest. Right? And that's not the worst part. The worst part is that we do not own anything on the Internet today. Web2 is the web where we are renting. We are all renting the Only thing we own, the only asset we actually own is the domain name, right? Any other account we have online as a business, Airbnb, booking, Amazon, whatever we have is for rent. For rent. It means that it can be taken away from us anyway or it can become ineffective because of an algorithm change. If you are a youtuber and YouTube decides that your content is not good, you go from 10,000 visits a day to zero. Or maybe you're even the platform, right? If a customer in Airbnb decides that your CO2 detector is a camera and you're spying on them, Airbnb may close your account without even going through due process, right? So we are renting and it's been fine for a while. You know, it always starts very nicely because they attract the supply side. They need hosts. So hosts are traded very well and then the fight becomes about the guests. And we've seen this happening the last four or five years when it's been clear to all of us that we were not anymore as a supply side. We were not treated as well as before and the guest was the one who was like on top stage, right? And that means lower margins for us, it means less security, etc. Etc. Which is fine. I mean, I'm not waiting and crying about this. Business is business. You want to do it good. Otherwise stay home and get a job, right? I'm perfect with that. But I want to give a positive spin on this. It's going to get better for us because we are entrepreneurs. We want to do things, we're going to create things, we want to work with people, but we want to do this also because we want to be free and especially in the vacation rental space. Freedom is an important fact. It's a non corporate or it's less corporate than other industries. It's more friendly. If you go to a conference, you're not going to be with Sudan Ties. You can talk to everyone like, you know, the top guys are going to be very friendly to you. I imagine in Wall street or in a finance conference, you're going to have superstars. So the freedom part and human part of our industry speaks for, you know, what we actually want from this job, basically, right? We don't want only to make money. We want to be in a nice environment, right? And so webtree is great for us because it's the Internet of communities, the web of communities, right? And by community, I mean that we as entrepreneurs can decide to build something like Airbnb, like booking, like any other huge company, and actually succeed this time. And I won't get into the mechanic of this, but basically because of cryptocurrencies, we can coordinate better. It's much cheaper and faster to coordinate. Right. And I'm experiencing this with our project trips. We built a very big community right now. It's growing really fast. No one is paid, there's no managers, there's no salaries. But we are providing value to each other. Right. And we're learning to at the same time. So the platform is going to be just the last thing on top of it. Right. The booking platform. So it's great news for all of us. One thing I have to say, it's very hard to explain. It was really hard to explain the Internet to somebody who had never been online. Right. Because they would ask you, what can you do on the Internet? Well, you can look through a web page. It's like a newspaper, right? Yeah. But on the screen. Right. Okay. You can send email, emails. Right. It's like a fax. Yeah. But you can send many and it's cheaper. Yeah. Okay, I got the facts right. Very hard to explain. You have to experience the web to understand it. And for the web tree is the same thing. You can read books, you can follow youTubers, you can listen to what I'm saying today. It's not going to really help. You have to go online, download a wallet, get some crypto. $10, $100. I'm not talking about investments here. Right. Just get some crypto and start playing with it.