FREQUENTLY ASKED QUESTIONS
Wefobz Mission: Promote and encourage the changing of negative mindsets, stigmas, situations and encounters into positive outcomes.
Also see About section of this website!
1. Why build Wefobz and what is the concept behind it?
We wanted to make money using our skills and experience in entertainment and business.
We wanted an easier way to sell products to mainstream audiences from our niches.
We wanted to make sure our products were in high demand.
We wanted a platform that understood and incorporated our values.
We wanted to keep creating and producing entertainment products and projects.
Fresh Off The Boat has always been defined as a negative stigma or concept that categorizes people who are new to a location or region as being awkward within that community.
We wanted to take that stigma and create a positive outcome of it.
We couldn’t use fresh off the boat, or FOB because it was already trademarked and copyrighted by other entities.
We came up with WEFOBZ instead whereas it is a play on the statement We are Fobs in our own ways.
We wanted the WEFOBZ concept to become a positive outlook where people realize they can be fresh off the boat to any new location or experience but they also must recognize they can turn into specialists, professionals, or veterans after a given amount of time, exposure and learning within that same location or experience.
Because we the founders have deep roots in indigenous, Pacific island communities we wanted to design our brand to showcase our influence from that.
Our initial designs are unhusked coconuts with a variety of facial expressions and backgrounds known as traits attached to each one of them. We built a whole creative genesis story behind the development of these designs whereas their face expressions and backgrounds represent our experiences and feelings from within our islander communities which we want to share with the world.
In our indigenous community there is a strong sense of belonging and being held to moral values or standards. We wanted to bring that influence into our Wefobz brand by promoting the selling of our concepts as Non-Fungible Tokens.
We know and recognize that the influences of our island communities are not all positive and there are cons to the influence, but we have intentionally designed our brand to make heavy use of the pros of these influences using
Humor
Compromise
Humility &
Assertiveness
We want to create a brand that uproots the bad, negative habits of traditional ineffective community practices, and instead, instill effective practices from our experiences, gathered from a variety of sources, to help make ourselves and our communities more productive and progressive towards financial gain and freedom.
This is why Wefobz is designed with the outline of an unhusked coconut, with a variety of facial expressions, on a multitude of backgrounds, each one a unique 1 of 1 artwork for rarity and trade potential.
2. What is Wefobz?
A platform where content creators or like minded individuals can come in and expand their horizons and share their ideas and skills to work at creating a nation of Wefobz members that support and encourage one another to reach financial freedom.
Wefobz starts off as an Entertainment production and distribution platform but is planned to eventually evolve into a more all-encompassing platform.
3. Why Wefobz focuses on Financial Freedom?
investopedia.com says: “Everyone defines financial freedom in terms of their own goals. For most people, it means having the financial cushion (savings, investments, and cash) to afford a certain lifestyle - plus a nest egg for retirement or the freedom to pursue any career without the need to earn a certain salary.
Wefobz is created as a way or tool to earn financial freedom as quickly and effectively as possible.
4. What makes Wefobz unique compared to other finance channels, sources, or media productions?
Wefobz is built as a bridge between Web2 and Web3, in addition to incorporating multiple blockchain technologies and metaverses to increase Wefobz products’ potential sales effectiveness and appeal to its audience.
Wefobz will explore and take advantage of a need for a finance entertainment platform in the Oceanic community.
5. Who is the Wefobz audience?
a. Initially we focus on our local circles, after we expand to the Samoan community, then the Polynesian Community, next the Oceanic Community and ultimately the world.
b. Internet savvy people
c. Video Gamers a.k.a Gamers
d. Entrepreneurs
e. Solution seekers
f. Investors
g. People who are bored
6. What is Web3 and its history?
Wikipedia: Web3 a.k.a Web 3.0 is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technology, and token based economics.
Some technologists and journalists have contrasted it with Web 2.0 wherein they say data and content are centralized in a small group of companies sometimes referred to as Big Tech.
Web3 was coined in 2014 by Ethereum cofounder Gavin Wood and the idea gained interest in 2021 from cryptocurrency enthusiasts, large technology companies, and venture capital firms.
7. What are the key concepts of Web3 that are important to Wefobz?
a. Blockchain technology
b. Decentralization
c. Token based economics
8. What the hell is Blockchain?
ibm.com: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding).
Simply, Blockchain is a form of record keeping and bookkeeping that cannot be messed with and is available to anyone from anywhere digitally.
9. How does Wefobz use the Blockchain?
Wefobz uses the Blockchain to show and maintain ownership of assets it produces or creates until it is sold to a customer at the highest effective value.
Wefobz is also able to automatically procure royalties on these assets utilizing blockchain technologies whenever the assets are resold on the secondary market.
10. How does Wefobz make use of Decentralization?
Wikipedia: Decentralization is the process by which the activities of an organization, particular those regarding planning and decision making, are distributed or delegated away from a central authoritative location or group.
Using the concept of decentralization. Holders of specific Wefobz assets in Non-Fungible Token form will be able to vote on a variety of decisions affecting the planning and organization of the Wefobz business. The goal is to use the help of all Wefobz asset holders to get Wefobz to attain profitability, then continuously and self sufficiently, maintain and improve on these practices, systems, and methods to benefit Wefobz stakeholders financially.
11. What are Non-Fungible Tokens and why are they important to Wefobz?
Wikipedia: a unique digital ID/identifier that cannot be copied substituted or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership.
a. NFT’s are a legit way to copyright Wefobz creations and productions and are cost effective.
b. NFT’s can be sold or traded for things of equal value according to stipulations and conditions that Wefobz sets according to Wefobz values.
c. NFT’s allow Wefobz to create memberships with exclusive privileges and reward tiers based on the category or type of NFT sold or traded.
12. How will Wefobz use Token Based Economics?
To use the Wefobz platform people need to buy or own Wefobz digital assets/Non-Fungible Tokens. Owning these assets gives people exclusive access to the Wefobz project/platform. Wefobz asset holders also get exclusive privileges such as voting rights, deals, discounts, and access passes to Wefobz merchandise, events, and projects.
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13. Where does cryptocurrency fit in with Wefobz?
Web3, blockchains, and the metaverse exchange value using cryptocurrency, which has proven to be more effective then using fiat money. Wefobz incorporates some types of cryptocurrency as forms of payment for its services and products in addition to the more traditional forms of payment such as fiat money, credit cards, etc.
This keeps Wefobz on the cusp of innovation while at the same time being able to interact with mainstream audiences depending on their payment preference.
14. What is cryptocurrency vs Fiat Money?
Dictionary Oxford Languages: Cryptocurrency is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.
Fiat money is inconvertible paper money made legal tender by a government decree.
It is a question of being corruptible and manipulated vs being an incorruptible and unmanipulated exchange of value.
15. Why a Wefobz Podcast?
a. Build an audience and keep them informed on Wefobz plans and actions.
b. Directly and indirectly recruit people to join Wefobz Community.
c. Promote Wefobz products, events, and projects to Wefobz members and potential recruits.
d. Provide transparency to the public concerning Wefobz.
e. Begin to focus on Finance and providing experiences, tips, tricks, hacks, and innovations to transforming a person’s finance to better benefit themselves.
16. Why use the cartoon Avatars on Wefobz Podcast
a. Signifies anonymity and the importance of decentralization, blockchain, Web3 and the Metaverses to Wefobz as a platform and revenue generator.
b. Shows how Wefobz is influenced by the blockchain, cryptocurrency, Web3, and Metaverses to expand its horizons.
c. Gives people something to question and keeps our guests in a good mood.
17. Why become a Wefobz Member?
You will help build and share in the ideas and tools that Wefobz uses to attain financial freedom for its members and the brand itself.
18. What are important goals Wefobz sets for itself that others should know about?
a. Wefobz wants to produce and create content and products that provide value to others while at the same time increasing the financial value of Wefobz as an investment.
b. Wefobz works towards giving Wefobz members and investors the power to decide the value of Wefobz assets, and aim to keep them recognized and accepted by current financial institutions.
c. Wefobz wants to both pioneer and innovate the systems, procedures, and steps needed to reach its financial freedom.
19. What is Wefobz really doing?
WEFOBZ IS BUILDING A NATION!