Jokerace: Contests, Composability and Reputation talk with David Phelps

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.TakeawaysBuilding 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. Support the showI hope you liked today's episode. If you have any comments please reach out on socials, and let's chat. And as always, don't forget to sign up for Web3Magic and follow me across social media to enjoy the colorful ride!COLLECT THIS EPISODEOn Pods.Media: https://pods.media/web3-magic Listen in your favorite app:Watch & Subscribe on YouTube - http://tinyurl.com/w3m-youtubeListen & Subscribe on Apple - http://tinyurl.com/w3m-appleListen & Subscribe on Spotify - http://tinyurl.com/w3m-spotify FOLLOW US: Subscribe and see all episodes - https://web3magic.xyz Follow Web3Magic (X) - https://twitter.com/Web3MagicHQ Follow BFG (X) - https://twitter.com/aka_BFG Follow BFG (Farcaster) - https://warpcast.com/bfg Follow Web3Magic channel (Farcaster) - https://warpcast.com/~/channel/web3magic