Pearl: Building custom Web3 solutions costs $250,000 and takes four months
Michael Pearl · He Called NFTs Sub-Optimal - Then Used One to Solve Inheritance · Sep 13, 2022 · at 3:11
Michael Pearl, COO of Kirobo, describes the time and financial barriers associated with hiring Solidity developers and auditing custom smart contracts.
0:00 / 0:09exact quote · 9.4s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“Bottom line, it would cost you around 250,000 dollars and about four months of development. And then you would develop a one single solution.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Michael Pearl
Pearl: Smart contracts haven't evolved and limit protocols to single features
“This is the gateway to web three and smart contracts have done a very good job, but the problem with them is the fact that they haven't changed much since. More or less when they were invented. And this technology has a lot of benefits, but the problem is that…”
Pearl: Canadian authorities ordered crypto exchanges to freeze trucker assets
“So what did the Canadian authorities do? They instructed you know, the various exchanges like Coinbase, for instance to basically freeze the assets of the Canadians that had accounts there.”
Pearl: Speculative JPEG NFTs like Bored Apes are a suboptimal application
“In my humble opinion, the applications of NFTs as bored apes and, you know, cool JPEGs that you would sell for a million dollars are not, are suboptimal, let's put it mildly, ok?”
Pearl: US states and Ivy Leagues are developing NFT diploma certificates
“I know that several companies are working with a few U.S. States, and obviously outside of the U.S. And with some you know, public organizations as well, like colleges and Ivy League universities on NFTing their diplomas, their certificates, and so on.”
Pearl: Kirobo allows users to build on-chain logic in five minutes
“What we offer is to do that in basically five minutes.”
Pearl: Kirobo built decentralized tools for transaction undo, backup, and inheritance
“First of all, they found the solution and we managed to create an undo button that basically allows you to cancel transaction sent in error. A fully decentralized backup that allows you to back up not only your funds, but also your identity, because now in the…”