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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