{"text":" Welcome, Bankless Nation to Bankless TV on this episode of Bankless TV.  We are covering the base ecosystem.  That's right.  It's base day on Bankless TV.  And to kick off, base day, we are bringing on the creator of base, Jesse Pollock, Jesse,  good to have you on.  Thanks for having me.  Excited to be here.  Happy base day.  Happy base day.  Yeah.  Fridays are base day.  And then every other base day.  Every other day is base day as well.  I believe that's how that works.  I think that's right.  Base era.  Base era.  Basically, to think every day is base day.  I thought your guys is naming of your marketing, your announcement day of a new day one was  pretty clever.  Because it's like, okay, it's actually the next, next, it's the next thing, but it's  still day one.  Still day one.  It's the next chapter.  It really felt natural for us because we were unveiling a new brand, we were kind of  bringing a new product experience that let a lot more people in the world actually experience  base firsthand in a way that's understandable to market.  But I think with both of those, we felt like it was still very early, like we haven't  solved any of the problems fully yet.  We have, I think, a good line of sight on how we're going to, but we have so much more  work to do.  And so that mindset of it's still day one, we got a lot more work to do, it's really  important for the team.  My understanding of the base app is it is the just consumer front end to the base chain.  And so blockchains are plumbing, blockchains are software, they are back end infrastructure.  But we know that they can be more than just plain, dumb asset ledgers, they can do more  than that.  And to me, when I saw the presentation of the base app, I was like, oh, this is coin  base, this is Jesse putting a cosmetic, interactive consumer pointing way to interact with  base.  Is that how you think about it?  I think that's roughly right.  Two slight shifts, I would say.  One is that we think that the base app is going to be your front door to everything  on chain.  So it's not just base chain.  It's like a component of the infrastructure, but we've really always thought about bases  being a bridge on an island, we want to make it possible for everyone to come and do  whatever they want on chain, whether that's on base chain or somewhere else.  And so that's the mindset we're going to be bringing towards this.  And then to your broader point, I think that that's actually like exactly right, you  know, the thing that we've seen over the last two years is that we've really clearly  articulated this vision of bringing the world on chain of building a global economy,  but really the only people who it's resonated with have been builders.  Because they could actually get in the weeds and like build on base chain and experience,  oh my god, this is such a better developer platform for all the things I want to do.  And then they could connect that up to this idea of the global economy and this new next  generation of the internet that we're building.  But when we talked to our friends and family or the random person on the street, we were  like, we're building a global economy and they were like, what are you talking about?  And we were then like, here's Coinbase wallet and like bases in here and like, they just  didn't get it.  We did not have a product that matched the vision.  And really the way I think about the base app is that for the first time, we have a product  that matches the vision.  The base app isn't everything app.  You can come in, you can post, you can earn, you can chat with your friends, you can explore  thousands of apps, you can trade, you can pay, and all of it works in this totally seamless  interoperable connected app that is available to anyone in the world.  And that I think is the first time where we've really had that consumer experience where  I could give that to my mom and I have given it to my mom and my friends and people immediately  get it.  And they're like, oh, this is fucking awesome.  And then they resonate with this idea, oh, we're building a new global economy, we're  building the next generation of the internet because they can actually experience themselves  firsthand.  You know, in 2025, it seems to me there's a convergence of a bunch of different companies  attempting to build out a new social media platform.  And I know the base app is an everything app and so it's social plus other things and  we'll talk about other things.  But I want to focus on the social side for just a moment.  We have, you know, brewing rumors that Sam Altman and OpenAI want to build out a social  media application that goes hand in hand with chat GPT and you can kind of squint and you  can integrate, like, world ID, his investment with world ID into that same whole thing,  like making sure a proof of personhood based social media application.  And then there's been a number of temps of just like, you know, next generation social  media apps kind of as an understanding of like Web2 is like kind of cooked.  My Twitter experience is just so broken.  The reply guys are terrible.  You know, Reddit is, you know, indistinguishable from bots, you know, Instagram, Snapchat, these  highly social Web2 apps are pretty buffered from the penetration of AI.  There's a lot of like Web2's social media platforms that don't really seem to be trending  in the best direction.  And so that downstream of that, there's been a lot of investment into building out a new  social media app.  And now Coinbase and Base have a social media app.  If you look at, if you go open up the base app, I think that would be somebody's like first  impression.  If they didn't know exactly what's behind the scenes here, they down there downloading  this app and be like, oh, this is a social media app.  I think that's probably a pretty fair justified first impression.  How do you think about that in the grand scheme of just like social media broadly?  Yeah.  Well, I think over the last 20 years, we've seen that there's been so much good that come  with social media on the internet, right?  Like for the first time, you've given, you know, hundreds of millions of people to platform  where they could share their creativity, their thoughts, they could connect with people all  around the world.  But at the same time, well, I think that provided a lot of good.  The realities of the way those social media platforms worked meant that for the most part,  the creators who are actually bringing their creativity to the internet have kind of  gotten a raw deal in the economics of all of it.  Like if you look at the economics, like creators are in less than 5% of the overall earnings  of these big platforms.  And I think what that's led to is basically, you have this like bubbling discontent where  people are feeling like, oh, there's some good stuff here.  But also there's something fundamentally broken in how this is working for me as a creator.  Because I'm the one who's bringing my creativity to these platforms.  And then someone else is profiting off it.  And so that bubbling discontent, that's something that I think I hear and see in like every  first conversation about the base app where people intuitively and immediately get it.  They understand, oh, the existing system is broken and we need to build a new system.  And this is the way we think about the base app.  It's not just a new social media app.  It's really the first time where I think we've started to see what a social media app and  a super app can look like when it is built on open protocols.  You know, base is built on Ethereum.  And then it's built on XMTP and Farcasfer and Zora and Eradro and Uniswap.  We basically stitched together all of these open protocols that work together because they're  built on the shared foundation and made it so that when you post in base app, you earn.  Because the new foundation, this decentralized foundation that we're building on is actually  structured in such a way that it's built for creators.  And it's built for the people who are using the app that they benefit from their creativity.  And I think that is this sea change that it's a little bit hard to see if you're new to  the space because it still looks the same.  But it's almost like we've like swapped out the engine of the plane while we're still  flying it.  And now we have this new foundation that we can build on that's going to unlock a ton of  value for creators and I think unlock a ton of just opportunity in terms of what we can  do from a product experience perspective.  I think mini apps are a great example of this.  One of the things we get from building on this open platform is that we have these  composable mini apps that just work in the feed and just work in messaging.  So you can be scrolling the feed and see something cool, tap it and immediately check  out.  And that whole experience is built by a third party developer where they can control their  user experience there.  Then you can send that to your friend in a group chat and they can do the same thing.  And so I just think we're just starting to scratch the surface on this.  But I do think that we've kind of started like a shift, that's pretty big one to this  new way of building.  I'm going to share my screen here and show some tweets and talk about some of the commentary  that has come out of the announcement of the base app.  So this one is from Nikhil Eath's just got a special invite to the base app.  First impression would be it's the everything app payments, social apps, chat, script  or you name it.  Everything is here.  I think that's kind of highlighting some of the maybe superpowers that I think you've  integrated into the base app.  There's a lot of protocols that are integrated, like you said, the base chain is integrated  built on Ethereum.  But then there's another EVM chains, including Ethereum and Optimism and Arbitrum and Polygon  and Avalanche.  And so again, we really want to make sure it's not just base chain.  This is an app that gives you access to everything in the on-chain economy, Salana and others  coming soon.  Certainly.  And that's just the chain side of things.  There's also like the FARCASER client.  There's just a bunch of protocols that you've kind of just legode together to build this  experience that other social media apps just don't have some of the superpowers you have  because you've integrated all these protocols, mainly money and tokens and finance and things  related to blockchains.  And I thought this tweet was pretty cool.  This is from a content creator who makes a bunch of clips on Twitter and he tweeted out  going viral on your first base app post.  And immediately getting a stream of creator earnings is an absolutely insane on-boarding  experience.  It's just scrolling down, saying like 0.01 ETH, 0.02 ETH receiving from people on-boarding  into the base app.  Now this is it.  This is really a crazy experience and this is what we're seeing really resonates with  creators.  And it's not just Jack.  You know, Jack made a few viral posts and I think he earned a couple thousand dollars.  You know, another woman, Sierra made a viral post yesterday.  She earned like $3,000 or maybe it was $8,000 I forget what.  The thing that we're seeing is that that experience, even if it's just a few cents, posting  something and then immediately earning and it's not like, oh, you have to get X followers,  oh, you have to live in Y country, oh, you have to wait 60 days for a payout.  The immediacy of my content is valuable and I'm earning for it is really, really profound.  And that's something that's when creators come in, it's hooking them.  And I think they're almost like feeling this realignment where they're feeling this  discontent with the existing system and then they experience this post and earn moment  and they're like intuitively rocking it.  They're like, oh, I get it.  Now I get it.  And I want to keep posting here.  And I think one thing that's really important about this is, you know, some people are going  to say, oh, but you know, only some posts are going to go viral and you're going to earn  or they look at my creator earnings or Brian's creator earnings, Brian earned like $150,000  over the last week of posting.  I've earned like $30,000 over the last week of posting and they're like, oh, but Jesse  and Brian are special and the truth is that, a, of course, you're not going to earn  and go viral on every post.  That's just like social media.  There's going to be a small number of posts that go viral where you earn the outsized  amount of your money.  And then of course, people with big audiences, I have 300,000 followers.  Brian has, you know, however many million followers, they're going to earn more.  That's because they have more distribution and that means it's easier for them to go viral.  And so, I think that, you know, people are looking for a reason why this isn't going  to work.  And I actually think if you start to put the hat on of like, holy crap, look at how well  it's working right now when there's like so few people using this and then extrapolate  that to like 100 million people or billion people in the network, all interacting with surface  areas where it's all interconnected with this value layer, I think there's just so much  opportunity.  We haven't really seen it get started.  So we as a society have seen social media apps, enough social media apps come where we  kind of understand a little bit of the science about how they grow.  And there's like that rule of thumb out there that like the people that are big on Twitter  aren't necessarily big on Instagram.  And yes, you can like port your audience or like a big Instagram earner can come to the  base app sign up and then get onboarded with a little bit of just like a bump just because  they're already, they already have influence in one domain.  But really the big people on Twitter grew with Twitter and they invested in Twitter specifically  and they learned to make their tweets resonate with the form factor.  And so there's one strategy for growing the base app, which is like let's get some  of the biggest influencers and get them on the base app.  But also there's going to be the organic strategy of well, this is a net new consumer  behavior.  There's going to be net new people that are successful on the social media side of  the base app that learn to build content that resonates with the form factor of the  base app.  Talk about the strategy of growing that cohort of people.  Yeah, 100%.  And of course, we're going to go get existing creators with scale audiences.  We're already seeing that, you know, like people are coming, coming over Gary V.  For instance, he's like so fired up about the base app.  He's coming over.  He's earning.  He's making money.  He's getting involved in that.  But I do think that you're actually spot on that the biggest opportunity is for new  creators.  It's the people who have create creativity inside of them and have been looking for where  to express it.  And the opportunity for them with base is to get in early and to start building an audience  from the ground floor with us.  Because right now there's only a few thousand people in the base app and we build on  forecasters.  So there's probably another few 10,000 people kind of in the network overall who are using  it daily.  But if you come in right now and you start posting and you start building an audience,  you have the opportunity to grow with us.  And so I don't think you should be coming into the base app and being like, oh, immediately  I'm just going to have massive distribution.  Instead you should be coming to the base app and saying, I'm early.  And if I am good and early, there is outsized potential for me to earn in this new network  that's being built right here.  And the thing that we're looking for, so if you're out there and you're a creator, the  thing that I'll say to you is we are going across every single content vertical, particularly  video content, fitness, food, makeup, you know, small business, like any content vertical,  you name it.  And we are trying to find the up and coming creators who don't have a big audience on  the existing platforms.  And then we're going to do everything we can to make you successful, make them successful.  Because those are the people who are going to help build this next generation of the internet.  And so if that's you, if you have a content type that you're really into, but you don't  have a big audience or you're not earning right now on existing social platforms, come  to the base app.  And we're going to help you earn, we're going to help you grow, you're going to grow with  us.  And then you're going to benefit from this collective force that's coming into this new  economy that we're building.  And the really, really important thing about this is that you can be anywhere, anywhere,  anywhere in the world, you can download the base app, you can get started and you can  get started earning.  And that means that the opportunity is basically open for everyone in the world.  And it's a level playing field for everyone in the world because you're starting at the  ground floor.  It doesn't matter where you're born.  It doesn't matter where you live.  It doesn't matter what phone you have.  You can get started.  You can get started earning.  And you can help us build this future.  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So for extending that same lesson to the base app, there's going to be a certain form  factor of content that is uniquely suited to go viral on the base app, and it leverages,  it's going to leverage some of the features of the base app mainly those creator earnings  probably.  And so the things that people are going to optimize for, the posters, the content creators,  creators are going to optimize for are going to be unique to the base app, and those  are there going to learn how to truly optimize their income, optimize their revenue.  What do you think that looks like?  What kind of content do you think you guys are emergently optimizing for at the base app,  because you guys are just hooked into chain features, such as like creator earnings?  Yeah, well, the first thing I'll say is that I do think a lot of people, their head goes  to like, how do we do like these economic systems with the creator earnings to like do something,  you know, kind of crazy fancy there, and that's going to be the thing, and I'm less convinced  that that's actually going to be the thing.  Like, what we're seeing mostly from creators is that once they turn on the monetization,  like they just stop thinking about it, like it's not this active choice where they're like,  oh, now this is this new mechanic, I need to go do it, and it's like consuming my headspace.  It's like, oh no, now it's on, and it just works, and then money comes in.  And I actually think that that's going to fade more and more into the background,  as people just normalize the fact that your content's valuable, and you earn from it.  And so I'm sure there's going to be an interesting experience,  experiments, but I wouldn't suggest that people get overly myopic on like,  that's the primary thing to do.  The things that I think are going to go viral, two things that I think are kind of traditional,  and then one that's novel.  The two things that are traditional, like, in the starting of the virus,  one video content, like I just think video content, like on Instagram and TikTok,  is going to work. And you're going to be speaking to an audience, it's going to be more global,  you're going to have to figure out how to dial that in, but video content is really,  really important. And like I said, we're going across every content vertical right now,  and we're trying to figure out how do we get a handful of really good creators in each vertical,  so that there's actually good content for consumers to actually engage with.  And so I think that that's the first thing.  The second thing is crypto Twitter, ship posting, whatever you want to call it,  like kind of a little bit high-minded, text-based posting that can kind of bootstrap off  this network that's being built there. I think that that's going to work successfully as well.  The content format that I'm actually most excited about that's totally novel is MiniApps.  And that's enabled by this kind of open platform and enabled by the chain is,  you can build a MiniApp, and you can distribute that MiniApp through the feed or through messaging,  and it can go viral. And then that can be an experience that someone is one tap away from,  where they can just get started doing the thing. And some of those are little mini-games.  You can imagine commerce where it's like one tap checkout. You can imagine all these other  little mechanics where people are earning and sharing funds with friends, but that kind of  ability to turn the post into this canvas that anyone can build and that anyone can make,  you know, a viral hook. I think that that's probably the biggest net new form factor that will  kind of open up the opportunity for people to build it in a new way. And so those are the three  things that I'm most excited about. It's one video across a bunch of non-crypto surfaces  and content areas, two kind of like traditional crypto Twitter posting. And then three MiniApps  from the viral potential that's baked into those. Make a viral MiniApp. I just vibe coded some  MiniApp that's capturing the zeitgeist, right? There was that one like vibe coded  find the couple at the co-play concert that went pretty viral and it has something like a million  users and it was this very kind of like stupid little app that people are having a ton of fun on.  And it was just vibe coded in an afternoon and it went viral. If I build that app or some other  app that goes viral, do I have access to that same creator rewards monetization that like all the  other content does? Yeah, yeah, exactly. Yeah, and we're still trying to figure out how to  work all these things together, right? Like there's a monetization that's associated with the post  and the monetization that's associated with the app and then the monetization that's associated with  the reshairs of that post. And so I will say it's still early, like it's day one and we're trying  to figure it out as we go. But the pieces are all there and now it's mostly about kind of like  stitching them together in the right form factor. So here's just to give an example of this is  right now on kind of all post by default monetization is on. So that means it'll get coined,  it'll trade, people can kind of speculate on the attention, people can collect it if they want  to support you and then you're going to earn fees from that. When someone quote post your quote,  monetization is off. And that's like we don't want people to be quote posting and then like kind of  stealing the value from other people. But I'm actually not convinced that that's the right long  term solution. Someone yesterday said when you quote post, you should pair the coin of the  quote post with the existing coin because that means that every time someone buys the quote post,  what it actually is doing is going out to the open market buying the previous coin and then  locking up in the bottom curve and get the post. And so you kind of create this daisy chain where  the quote post monetization is getting fed back into the underlying post monetization. And so this  is one of the really really cool things that's opened up from a kind of surface area perspective  in terms of how we can build by building all this on chain and by turning everything into a coin  is that we can compose all these coins. Zora is doing this in another way where, you know, you  create a crater coin that's kind of long running and then each pair of each piece of content you  post is paired with that crater coin. And so that all demand for your content is also demand for  your crater coin. We're going to be bringing that into the base app as well. I'm starting with  letting people import those crater coins so you can just use yours and it will be auto paired. And so  that kind of mechanism and the ability for us to kind of like route all of this value and  compose it in new novel ways. I'm so excited about the potential there. And I think there's a lot  of stigma about coins that we're still working through candidly. People are very fearful about them.  But when you just look at the surface area of what we can do with them and then you look at the  real world experiences that people are having with them like real creators. I think it's pretty  incredible. And there's I'm just so excited about the opportunity. Right. It sounds like you are  trying to plum together this network finding tweaking the right balance of like we you know we have  algorithms and social in web too. And this now the same algorithm is actually more about like okay  payouts. What's the right way to balance a payout in the right way and orchestrate it. And rather  that being the algorithm that goes viral it's the payout mechanism that's market. It's the market.  It's a free market. Well, we've basically done is we've taken all this content that we know is  incredibly valuable because people have built trillion dollar businesses around it multiple trillion  dollar businesses around it. And we've brought it on changing to the free market where before it was  one corporation that was valuing that thing and then monetizing it through things like advertising  or subscriptions or whatever other monetization method that they chose. And we're saying no now we're  going to let the free the free market value your content. And then we're going to kind of use the  free market and all of the kind of like economics off flows that come from the free market to reroute  that value back to the creators and back to the people who are engaging with the content. And we  think that that is just a much stronger foundation for us to build this next generation of social  networks. I think the concept of a market based algorithm social media algorithm can nerds knife  a bunch of people. And I'm looking forward to getting that seeing that again. Yeah, and I think  I think that there's a lot of like yeah, there's a lot of cultural stigma and resistance to this.  And but if you look at the the truth is what what has the best product market fit in crypto it's  coins. Right. Yeah, right. Whether those are pump meme coins or those are ICOs like it's always  been coins. And that's because it's the most liquid most composable form factor. That's actually  pretty easy for people to understand. Like I was I onboarded my my trainer that I work with  this morning. And I was like yeah, like every post is an asset and people can buy it and you're  from it. You're your gym trainer, personal trainer. Yeah, you're like, hey, download the base app  and go buy. We know we talk about all stuff. And I was like, yeah, the base app. And I was like,  you can you can post and you know, earn and do chat. And he was like, can I get that now?  Like it wasn't me like forcing it on him. Like the first time the messaging actually really resonated.  And I mean, he just made his first post and he earned like whatever $10 on it. And you know,  now he's going to keep posting fitness content. I was like, we need more fitness content.  So I don't want to give a voice to the skeptics for a moment. This is a tweet that's going around  from Brooke Lacey, who is just giving her honest take about what she experienced as a creator.  She onboarded the base app. And she just basically voiced a concern about, you know,  a flip people flipping coins that she created because she's a content creator. And in order for her  to get paid, she had to quote, I had to dump on them to get paid. And so she's a creator. She  went to the coin. And she felt like in order to monetize the work, she had to dump the coins.  I think this is kind of what you're talking about, which there's this like stigma around tokens  and all of this kind of stuff. But I think this is kind of a giving a voice to some of the people  that aren't aren't totally convinced about this model yet where we are really encouraging this  consumer behavior that we've never really seen happen on its own before. Like collecting content  inside of social media app is like a novel concept to basically everyone. And I think,  you know, crypto people understand it. But the rest of the world, it seems like we are trying to  really bootstrap this consumer behavior that we haven't seen before. So what gives you the  conviction that this is right? Yeah, it's a new consumer behavior. And we have a lot more work  to do, a to get it in the form factor and then be to explain it because it is complex. But I do  want to just respond to this directly, which is she says, and I had to dump on them to get paid.  And I'm hearing who's leading our social team just jumped in and replied and I replied as well.  But I want to be really clear to creators, you do not need to dump your coins to get paid.  And from where I'm sitting, I would not advise that you dump your coins. I think that it's  shortsighted. There's two ways you earn. One is from the attention and the fees that are generated  whenever someone buys or sells your coin. And that's just a stream of value to you. Anytime someone  buys a little bit or sells a little bit, you're going to get paid. And then two is that you earn  one percent when you create that thing. And so, you know, whenever the attention is going up,  you're going to see more trading activity. And that's going to be this ongoing stream. If you  look at that and you say, oh, but this post is small, I didn't earn that much. Well, not every post  goes viral. Some posts are going to go viral. You're going to earn a ton from the fees. Some aren't  going to go viral and you're going to earn less from the fees. But the thing to know is that if you  don't sell, I think you're more likely to go viral in the future because there's actually people  who are going to want to collect your content. Because if you're selling every piece of content,  you're saying, I don't believe in this content. And so, again, this education is, you know,  like, it's not investment. Yeah, a little bit. But also, it's just like, you know, if someone was  like, you know, selling everything that they got, like, I wouldn't want to invest in that content  or back them either. And so, again, like, I don't think this is on her. Like, we have to do a better  job explaining all this. But my guidance, and I think Ineerie said it here, is like, don't sell  that one percent. It's not worth it. Like, keep posting. Some of your posts are going to go viral.  You're going to earn. Brian Armstrong earned $150,000. He sold none. I earned like $30,000. I sold none.  Sierra earned like $3,000. He sold none. Like, people are earning a lot of money just from the fees.  And I think that's the sustainable way. Whereas a creator, you're monetizing your attention. And then  you're just holding your ownership because it's cool to own your content. And if you just do that,  then you can stop worrying. Right? You don't need to be feeling like, oh, am I dumping on my  holders? Am I doing something wrong? No, you're not. All you're doing is earning from the attention.  But you're holding your content just like everyone else is. And that's something that you can be  proud of because it's awesome to own your content and to participate in this new system.  Well, Jesse, congratulations on a brand new day one. And right now, I'm about to bring on Alex  from Airdrome right after you for the second episode of of base day. What should I ask Alex?  What are you excited about Airdrome? How does Airdrome fit into the base app or what do you think  I should talk to him about? Yeah, I guess two things. And one is just building on this conversation.  You know, Alex was a skeptic about content coins and kind of like how they worked and whether  they would be good. And then he's kind of gone full circle where he's actually a really big believer  now. And so I think it's worth asking him like, what chain? What did he see? What was his experience?  I generally find it's always good to hear from skeptics who kind of had their perspective change  just because it's a new perspective. And I'll just say I was a skeptic too. The first time Jacob  Horn came to me and said, we're going to make everything a coin. I was like, that's crazy Jacob.  We're definitely not going to do that. And through a lot of conversations and a lot of product  building and iteration, I realized, oh, this is actually a way better tool for what we're trying.  So that's the first thing. And then the second thing that I would love you to ask him about is  kind of how does he see the asset issuance on base evolving, right?  One of the things I think is going to be really important as we're building this  a global economy is trying to get every asset onto base so they can be traded. And we're seeing this  happen with international stable coins and with content coins. And I just would love for folks to  hear his perspective on like, hey, how far we've come in the last two years from where we started.  And then be where he thinks that's going because aerodrome really sits at the middle of it.  I think they're hands on with all of these builders who are starting to bring their assets. And  I think I have a really good perspective. Jesse, thanks so much for joining me on Bankless TV.  Thanks for having me. Here's.  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Check its terms for more information.","word_count":7634,"segments":[{"start":0,"end":7.68,"text":" Welcome, Bankless Nation to Bankless TV on this episode of Bankless TV.","temperature":0,"avg_logprob":-0.2267628205128205,"compression_ratio":1.8409090909090908,"no_speech_prob":0.33349609375,"words":[]},{"start":7.68,"end":9.48,"text":" We are covering the base ecosystem.","temperature":0,"avg_logprob":-0.2267628205128205,"compression_ratio":1.8409090909090908,"no_speech_prob":0.33349609375,"words":[]},{"start":9.48,"end":10.48,"text":" That's right.","temperature":0,"avg_logprob":-0.2267628205128205,"compression_ratio":1.8409090909090908,"no_speech_prob":0.33349609375,"words":[]},{"start":10.48,"end":12.280000000000001,"text":" It's base day on Bankless TV.","temperature":0,"avg_logprob":-0.2267628205128205,"compression_ratio":1.8409090909090908,"no_speech_prob":0.33349609375,"words":[]},{"start":12.280000000000001,"end":17.2,"text":" And to kick off, base day, we are bringing on the creator of base, Jesse Pollock, Jesse,","temperature":0,"avg_logprob":-0.2267628205128205,"compression_ratio":1.8409090909090908,"no_speech_prob":0.33349609375,"words":[]},{"start":17.2,"end":18.88,"text":" good to have you on.","temperature":0,"avg_logprob":-0.2267628205128205,"compression_ratio":1.8409090909090908,"no_speech_prob":0.33349609375,"words":[]},{"start":18.88,"end":19.88,"text":" Thanks for having me.","temperature":0,"avg_logprob":-0.2267628205128205,"compression_ratio":1.8409090909090908,"no_speech_prob":0.33349609375,"words":[]},{"start":19.88,"end":20.88,"text":" Excited to be here.","temperature":0,"avg_logprob":-0.2267628205128205,"compression_ratio":1.8409090909090908,"no_speech_prob":0.33349609375,"words":[]},{"start":20.88,"end":21.88,"text":" Happy base day.","temperature":0,"avg_logprob":-0.2267628205128205,"compression_ratio":1.8409090909090908,"no_speech_prob":0.33349609375,"words":[]},{"start":21.88,"end":22.88,"text":" Happy base day.","temperature":0,"avg_logprob":-0.2267628205128205,"compression_ratio":1.8409090909090908,"no_speech_prob":0.33349609375,"words":[]},{"start":22.88,"end":23.88,"text":" Yeah.","temperature":0,"avg_logprob":-0.2267628205128205,"compression_ratio":1.8409090909090908,"no_speech_prob":0.33349609375,"words":[]},{"start":23.88,"end":24.88,"text":" Fridays are base day.","temperature":0,"avg_logprob":-0.2267628205128205,"compression_ratio":1.8409090909090908,"no_speech_prob":0.33349609375,"words":[]},{"start":24.88,"end":25.88,"text":" And then every other base day.","temperature":0,"avg_logprob":-0.2267628205128205,"compression_ratio":1.8409090909090908,"no_speech_prob":0.33349609375,"words":[]},{"start":25.88,"end":26.88,"text":" Every other day is base day as well.","temperature":0,"avg_logprob":-0.2267628205128205,"compression_ratio":1.8409090909090908,"no_speech_prob":0.33349609375,"words":[]},{"start":26.88,"end":27.88,"text":" I believe that's how that works.","temperature":0,"avg_logprob":-0.2267628205128205,"compression_ratio":1.8409090909090908,"no_speech_prob":0.33349609375,"words":[]},{"start":27.88,"end":28.88,"text":" I think that's right.","temperature":0,"avg_logprob":-0.2267628205128205,"compression_ratio":1.8409090909090908,"no_speech_prob":0.33349609375,"words":[]},{"start":28.88,"end":29.88,"text":" Base era.","temperature":0,"avg_logprob":-0.2258101851851852,"compression_ratio":1.8270676691729324,"no_speech_prob":0.0306549072265625,"words":[]},{"start":29.88,"end":30.88,"text":" Base era.","temperature":0,"avg_logprob":-0.2258101851851852,"compression_ratio":1.8270676691729324,"no_speech_prob":0.0306549072265625,"words":[]},{"start":30.88,"end":32.28,"text":" Basically, to think every day is base day.","temperature":0,"avg_logprob":-0.2258101851851852,"compression_ratio":1.8270676691729324,"no_speech_prob":0.0306549072265625,"words":[]},{"start":32.28,"end":39.44,"text":" I thought your guys is naming of your marketing, your announcement day of a new day one was","temperature":0,"avg_logprob":-0.2258101851851852,"compression_ratio":1.8270676691729324,"no_speech_prob":0.0306549072265625,"words":[]},{"start":39.44,"end":40.44,"text":" pretty clever.","temperature":0,"avg_logprob":-0.2258101851851852,"compression_ratio":1.8270676691729324,"no_speech_prob":0.0306549072265625,"words":[]},{"start":40.44,"end":44.4,"text":" Because it's like, okay, it's actually the next, next, it's the next thing, but it's","temperature":0,"avg_logprob":-0.2258101851851852,"compression_ratio":1.8270676691729324,"no_speech_prob":0.0306549072265625,"words":[]},{"start":44.4,"end":45.4,"text":" still day one.","temperature":0,"avg_logprob":-0.2258101851851852,"compression_ratio":1.8270676691729324,"no_speech_prob":0.0306549072265625,"words":[]},{"start":45.4,"end":46.4,"text":" Still day one.","temperature":0,"avg_logprob":-0.2258101851851852,"compression_ratio":1.8270676691729324,"no_speech_prob":0.0306549072265625,"words":[]},{"start":46.4,"end":47.4,"text":" It's the next chapter.","temperature":0,"avg_logprob":-0.2258101851851852,"compression_ratio":1.8270676691729324,"no_speech_prob":0.0306549072265625,"words":[]},{"start":47.4,"end":52,"text":" It really felt natural for us because we were unveiling a new brand, we were kind of","temperature":0,"avg_logprob":-0.2258101851851852,"compression_ratio":1.8270676691729324,"no_speech_prob":0.0306549072265625,"words":[]},{"start":52,"end":56.76,"text":" bringing a new product experience that let a lot more people in the world actually experience","temperature":0,"avg_logprob":-0.2258101851851852,"compression_ratio":1.8270676691729324,"no_speech_prob":0.0306549072265625,"words":[]},{"start":56.76,"end":60.44,"text":" base firsthand in a way that's understandable to market.","temperature":0,"avg_logprob":-0.17802419354838708,"compression_ratio":1.7647058823529411,"no_speech_prob":0.0023593902587890625,"words":[]},{"start":60.44,"end":64.88,"text":" But I think with both of those, we felt like it was still very early, like we haven't","temperature":0,"avg_logprob":-0.17802419354838708,"compression_ratio":1.7647058823529411,"no_speech_prob":0.0023593902587890625,"words":[]},{"start":64.88,"end":67.12,"text":" solved any of the problems fully yet.","temperature":0,"avg_logprob":-0.17802419354838708,"compression_ratio":1.7647058823529411,"no_speech_prob":0.0023593902587890625,"words":[]},{"start":67.12,"end":70.67999999999999,"text":" We have, I think, a good line of sight on how we're going to, but we have so much more","temperature":0,"avg_logprob":-0.17802419354838708,"compression_ratio":1.7647058823529411,"no_speech_prob":0.0023593902587890625,"words":[]},{"start":70.67999999999999,"end":71.67999999999999,"text":" work to do.","temperature":0,"avg_logprob":-0.17802419354838708,"compression_ratio":1.7647058823529411,"no_speech_prob":0.0023593902587890625,"words":[]},{"start":71.67999999999999,"end":74.16,"text":" And so that mindset of it's still day one, we got a lot more work to do, it's really","temperature":0,"avg_logprob":-0.17802419354838708,"compression_ratio":1.7647058823529411,"no_speech_prob":0.0023593902587890625,"words":[]},{"start":74.16,"end":75.8,"text":" important for the team.","temperature":0,"avg_logprob":-0.17802419354838708,"compression_ratio":1.7647058823529411,"no_speech_prob":0.0023593902587890625,"words":[]},{"start":75.8,"end":81.4,"text":" My understanding of the base app is it is the just consumer front end to the base chain.","temperature":0,"avg_logprob":-0.17802419354838708,"compression_ratio":1.7647058823529411,"no_speech_prob":0.0023593902587890625,"words":[]},{"start":81.4,"end":86.32,"text":" And so blockchains are plumbing, blockchains are software, they are back end infrastructure.","temperature":0,"avg_logprob":-0.17802419354838708,"compression_ratio":1.7647058823529411,"no_speech_prob":0.0023593902587890625,"words":[]},{"start":86.72000000000001,"end":91.32000000000001,"text":" But we know that they can be more than just plain, dumb asset ledgers, they can do more","temperature":0,"avg_logprob":-0.19148936170212766,"compression_ratio":1.7137931034482758,"no_speech_prob":0.002758026123046875,"words":[]},{"start":91.32000000000001,"end":92.64000000000001,"text":" than that.","temperature":0,"avg_logprob":-0.19148936170212766,"compression_ratio":1.7137931034482758,"no_speech_prob":0.002758026123046875,"words":[]},{"start":92.64000000000001,"end":96.72000000000001,"text":" And to me, when I saw the presentation of the base app, I was like, oh, this is coin","temperature":0,"avg_logprob":-0.19148936170212766,"compression_ratio":1.7137931034482758,"no_speech_prob":0.002758026123046875,"words":[]},{"start":96.72000000000001,"end":103.76,"text":" base, this is Jesse putting a cosmetic, interactive consumer pointing way to interact with","temperature":0,"avg_logprob":-0.19148936170212766,"compression_ratio":1.7137931034482758,"no_speech_prob":0.002758026123046875,"words":[]},{"start":103.76,"end":104.76,"text":" base.","temperature":0,"avg_logprob":-0.19148936170212766,"compression_ratio":1.7137931034482758,"no_speech_prob":0.002758026123046875,"words":[]},{"start":104.76,"end":105.76,"text":" Is that how you think about it?","temperature":0,"avg_logprob":-0.19148936170212766,"compression_ratio":1.7137931034482758,"no_speech_prob":0.002758026123046875,"words":[]},{"start":105.76,"end":107.56,"text":" I think that's roughly right.","temperature":0,"avg_logprob":-0.19148936170212766,"compression_ratio":1.7137931034482758,"no_speech_prob":0.002758026123046875,"words":[]},{"start":107.56,"end":108.96000000000001,"text":" Two slight shifts, I would say.","temperature":0,"avg_logprob":-0.19148936170212766,"compression_ratio":1.7137931034482758,"no_speech_prob":0.002758026123046875,"words":[]},{"start":108.96000000000001,"end":111.80000000000001,"text":" One is that we think that the base app is going to be your front door to everything","temperature":0,"avg_logprob":-0.19148936170212766,"compression_ratio":1.7137931034482758,"no_speech_prob":0.002758026123046875,"words":[]},{"start":111.80000000000001,"end":112.80000000000001,"text":" on chain.","temperature":0,"avg_logprob":-0.19148936170212766,"compression_ratio":1.7137931034482758,"no_speech_prob":0.002758026123046875,"words":[]},{"start":112.80000000000001,"end":113.80000000000001,"text":" So it's not just base chain.","temperature":0,"avg_logprob":-0.19148936170212766,"compression_ratio":1.7137931034482758,"no_speech_prob":0.002758026123046875,"words":[]},{"start":114.11999999999999,"end":117.52,"text":" It's like a component of the infrastructure, but we've really always thought about bases","temperature":0,"avg_logprob":-0.16401076158940397,"compression_ratio":1.821529745042493,"no_speech_prob":0.022613525390625,"words":[]},{"start":117.52,"end":121.24,"text":" being a bridge on an island, we want to make it possible for everyone to come and do","temperature":0,"avg_logprob":-0.16401076158940397,"compression_ratio":1.821529745042493,"no_speech_prob":0.022613525390625,"words":[]},{"start":121.24,"end":124.92,"text":" whatever they want on chain, whether that's on base chain or somewhere else.","temperature":0,"avg_logprob":-0.16401076158940397,"compression_ratio":1.821529745042493,"no_speech_prob":0.022613525390625,"words":[]},{"start":124.92,"end":127.39999999999999,"text":" And so that's the mindset we're going to be bringing towards this.","temperature":0,"avg_logprob":-0.16401076158940397,"compression_ratio":1.821529745042493,"no_speech_prob":0.022613525390625,"words":[]},{"start":127.39999999999999,"end":131.24,"text":" And then to your broader point, I think that that's actually like exactly right, you","temperature":0,"avg_logprob":-0.16401076158940397,"compression_ratio":1.821529745042493,"no_speech_prob":0.022613525390625,"words":[]},{"start":131.24,"end":135.32,"text":" know, the thing that we've seen over the last two years is that we've really clearly","temperature":0,"avg_logprob":-0.16401076158940397,"compression_ratio":1.821529745042493,"no_speech_prob":0.022613525390625,"words":[]},{"start":135.32,"end":139.44,"text":" articulated this vision of bringing the world on chain of building a global economy,","temperature":0,"avg_logprob":-0.16401076158940397,"compression_ratio":1.821529745042493,"no_speech_prob":0.022613525390625,"words":[]},{"start":139.44,"end":143.44,"text":" but really the only people who it's resonated with have been builders.","temperature":0,"avg_logprob":-0.16401076158940397,"compression_ratio":1.821529745042493,"no_speech_prob":0.022613525390625,"words":[]},{"start":143.44,"end":146.88,"text":" Because they could actually get in the weeds and like build on base chain and experience,","temperature":0,"avg_logprob":-0.1408390410958904,"compression_ratio":1.8495297805642634,"no_speech_prob":0.00037407875061035156,"words":[]},{"start":146.88,"end":150.64,"text":" oh my god, this is such a better developer platform for all the things I want to do.","temperature":0,"avg_logprob":-0.1408390410958904,"compression_ratio":1.8495297805642634,"no_speech_prob":0.00037407875061035156,"words":[]},{"start":150.64,"end":154.12,"text":" And then they could connect that up to this idea of the global economy and this new next","temperature":0,"avg_logprob":-0.1408390410958904,"compression_ratio":1.8495297805642634,"no_speech_prob":0.00037407875061035156,"words":[]},{"start":154.12,"end":156.12,"text":" generation of the internet that we're building.","temperature":0,"avg_logprob":-0.1408390410958904,"compression_ratio":1.8495297805642634,"no_speech_prob":0.00037407875061035156,"words":[]},{"start":156.12,"end":160.44,"text":" But when we talked to our friends and family or the random person on the street, we were","temperature":0,"avg_logprob":-0.1408390410958904,"compression_ratio":1.8495297805642634,"no_speech_prob":0.00037407875061035156,"words":[]},{"start":160.44,"end":164.28,"text":" like, we're building a global economy and they were like, what are you talking about?","temperature":0,"avg_logprob":-0.1408390410958904,"compression_ratio":1.8495297805642634,"no_speech_prob":0.00037407875061035156,"words":[]},{"start":164.28,"end":169.04,"text":" And we were then like, here's Coinbase wallet and like bases in here and like, they just","temperature":0,"avg_logprob":-0.1408390410958904,"compression_ratio":1.8495297805642634,"no_speech_prob":0.00037407875061035156,"words":[]},{"start":169.04,"end":169.88,"text":" didn't get it.","temperature":0,"avg_logprob":-0.1408390410958904,"compression_ratio":1.8495297805642634,"no_speech_prob":0.00037407875061035156,"words":[]},{"start":169.88,"end":173.64,"text":" We did not have a product that matched the vision.","temperature":0,"avg_logprob":-0.15414915966386555,"compression_ratio":1.8729508196721312,"no_speech_prob":0.06182861328125,"words":[]},{"start":173.64,"end":177.35999999999999,"text":" And really the way I think about the base app is that for the first time, we have a product","temperature":0,"avg_logprob":-0.15414915966386555,"compression_ratio":1.8729508196721312,"no_speech_prob":0.06182861328125,"words":[]},{"start":177.35999999999999,"end":178.64,"text":" that matches the vision.","temperature":0,"avg_logprob":-0.15414915966386555,"compression_ratio":1.8729508196721312,"no_speech_prob":0.06182861328125,"words":[]},{"start":178.64,"end":180.16,"text":" The base app isn't everything app.","temperature":0,"avg_logprob":-0.15414915966386555,"compression_ratio":1.8729508196721312,"no_speech_prob":0.06182861328125,"words":[]},{"start":180.16,"end":185.79999999999998,"text":" You can come in, you can post, you can earn, you can chat with your friends, you can explore","temperature":0,"avg_logprob":-0.15414915966386555,"compression_ratio":1.8729508196721312,"no_speech_prob":0.06182861328125,"words":[]},{"start":185.79999999999998,"end":191.84,"text":" thousands of apps, you can trade, you can pay, and all of it works in this totally seamless","temperature":0,"avg_logprob":-0.15414915966386555,"compression_ratio":1.8729508196721312,"no_speech_prob":0.06182861328125,"words":[]},{"start":191.84,"end":196.44,"text":" interoperable connected app that is available to anyone in the world.","temperature":0,"avg_logprob":-0.15414915966386555,"compression_ratio":1.8729508196721312,"no_speech_prob":0.06182861328125,"words":[]},{"start":196.44,"end":200.88,"text":" And that I think is the first time where we've really had that consumer experience where","temperature":0,"avg_logprob":-0.14730525362318841,"compression_ratio":1.76,"no_speech_prob":0.002933502197265625,"words":[]},{"start":200.88,"end":204.72,"text":" I could give that to my mom and I have given it to my mom and my friends and people immediately","temperature":0,"avg_logprob":-0.14730525362318841,"compression_ratio":1.76,"no_speech_prob":0.002933502197265625,"words":[]},{"start":204.72,"end":205.72,"text":" get it.","temperature":0,"avg_logprob":-0.14730525362318841,"compression_ratio":1.76,"no_speech_prob":0.002933502197265625,"words":[]},{"start":205.72,"end":207.52,"text":" And they're like, oh, this is fucking awesome.","temperature":0,"avg_logprob":-0.14730525362318841,"compression_ratio":1.76,"no_speech_prob":0.002933502197265625,"words":[]},{"start":207.52,"end":211.16,"text":" And then they resonate with this idea, oh, we're building a new global economy, we're","temperature":0,"avg_logprob":-0.14730525362318841,"compression_ratio":1.76,"no_speech_prob":0.002933502197265625,"words":[]},{"start":211.16,"end":213.96,"text":" building the next generation of the internet because they can actually experience themselves","temperature":0,"avg_logprob":-0.14730525362318841,"compression_ratio":1.76,"no_speech_prob":0.002933502197265625,"words":[]},{"start":213.96,"end":214.96,"text":" firsthand.","temperature":0,"avg_logprob":-0.14730525362318841,"compression_ratio":1.76,"no_speech_prob":0.002933502197265625,"words":[]},{"start":214.96,"end":219.96,"text":" You know, in 2025, it seems to me there's a convergence of a bunch of different companies","temperature":0,"avg_logprob":-0.14730525362318841,"compression_ratio":1.76,"no_speech_prob":0.002933502197265625,"words":[]},{"start":219.96,"end":223.12,"text":" attempting to build out a new social media platform.","temperature":0,"avg_logprob":-0.14730525362318841,"compression_ratio":1.76,"no_speech_prob":0.002933502197265625,"words":[]},{"start":223.12,"end":227.56,"text":" And I know the base app is an everything app and so it's social plus other things and","temperature":0,"avg_logprob":-0.1935562015503876,"compression_ratio":1.7380952380952381,"no_speech_prob":0.0111541748046875,"words":[]},{"start":227.56,"end":228.56,"text":" we'll talk about other things.","temperature":0,"avg_logprob":-0.1935562015503876,"compression_ratio":1.7380952380952381,"no_speech_prob":0.0111541748046875,"words":[]},{"start":228.56,"end":231.32,"text":" But I want to focus on the social side for just a moment.","temperature":0,"avg_logprob":-0.1935562015503876,"compression_ratio":1.7380952380952381,"no_speech_prob":0.0111541748046875,"words":[]},{"start":231.32,"end":236.8,"text":" We have, you know, brewing rumors that Sam Altman and OpenAI want to build out a social","temperature":0,"avg_logprob":-0.1935562015503876,"compression_ratio":1.7380952380952381,"no_speech_prob":0.0111541748046875,"words":[]},{"start":236.8,"end":241.56,"text":" media application that goes hand in hand with chat GPT and you can kind of squint and you","temperature":0,"avg_logprob":-0.1935562015503876,"compression_ratio":1.7380952380952381,"no_speech_prob":0.0111541748046875,"words":[]},{"start":241.56,"end":246.20000000000002,"text":" can integrate, like, world ID, his investment with world ID into that same whole thing,","temperature":0,"avg_logprob":-0.1935562015503876,"compression_ratio":1.7380952380952381,"no_speech_prob":0.0111541748046875,"words":[]},{"start":246.20000000000002,"end":251.48000000000002,"text":" like making sure a proof of personhood based social media application.","temperature":0,"avg_logprob":-0.1935562015503876,"compression_ratio":1.7380952380952381,"no_speech_prob":0.0111541748046875,"words":[]},{"start":251.48000000000002,"end":255.44000000000003,"text":" And then there's been a number of temps of just like, you know, next generation social","temperature":0,"avg_logprob":-0.24143629807692307,"compression_ratio":1.578740157480315,"no_speech_prob":0.0010166168212890625,"words":[]},{"start":255.44000000000003,"end":260.8,"text":" media apps kind of as an understanding of like Web2 is like kind of cooked.","temperature":0,"avg_logprob":-0.24143629807692307,"compression_ratio":1.578740157480315,"no_speech_prob":0.0010166168212890625,"words":[]},{"start":260.8,"end":263.08000000000004,"text":" My Twitter experience is just so broken.","temperature":0,"avg_logprob":-0.24143629807692307,"compression_ratio":1.578740157480315,"no_speech_prob":0.0010166168212890625,"words":[]},{"start":263.08000000000004,"end":264.40000000000003,"text":" The reply guys are terrible.","temperature":0,"avg_logprob":-0.24143629807692307,"compression_ratio":1.578740157480315,"no_speech_prob":0.0010166168212890625,"words":[]},{"start":264.40000000000003,"end":271.20000000000005,"text":" You know, Reddit is, you know, indistinguishable from bots, you know, Instagram, Snapchat, these","temperature":0,"avg_logprob":-0.24143629807692307,"compression_ratio":1.578740157480315,"no_speech_prob":0.0010166168212890625,"words":[]},{"start":271.20000000000005,"end":276.8,"text":" highly social Web2 apps are pretty buffered from the penetration of AI.","temperature":0,"avg_logprob":-0.24143629807692307,"compression_ratio":1.578740157480315,"no_speech_prob":0.0010166168212890625,"words":[]},{"start":276.88,"end":282.28000000000003,"text":" There's a lot of like Web2's social media platforms that don't really seem to be trending","temperature":0,"avg_logprob":-0.16928807947019867,"compression_ratio":1.8741935483870968,"no_speech_prob":0.02001953125,"words":[]},{"start":282.28000000000003,"end":284.04,"text":" in the best direction.","temperature":0,"avg_logprob":-0.16928807947019867,"compression_ratio":1.8741935483870968,"no_speech_prob":0.02001953125,"words":[]},{"start":284.04,"end":287.52000000000004,"text":" And so that downstream of that, there's been a lot of investment into building out a new","temperature":0,"avg_logprob":-0.16928807947019867,"compression_ratio":1.8741935483870968,"no_speech_prob":0.02001953125,"words":[]},{"start":287.52000000000004,"end":289.16,"text":" social media app.","temperature":0,"avg_logprob":-0.16928807947019867,"compression_ratio":1.8741935483870968,"no_speech_prob":0.02001953125,"words":[]},{"start":289.16,"end":292.40000000000003,"text":" And now Coinbase and Base have a social media app.","temperature":0,"avg_logprob":-0.16928807947019867,"compression_ratio":1.8741935483870968,"no_speech_prob":0.02001953125,"words":[]},{"start":292.40000000000003,"end":296.08000000000004,"text":" If you look at, if you go open up the base app, I think that would be somebody's like first","temperature":0,"avg_logprob":-0.16928807947019867,"compression_ratio":1.8741935483870968,"no_speech_prob":0.02001953125,"words":[]},{"start":296.08000000000004,"end":297.08000000000004,"text":" impression.","temperature":0,"avg_logprob":-0.16928807947019867,"compression_ratio":1.8741935483870968,"no_speech_prob":0.02001953125,"words":[]},{"start":297.08000000000004,"end":300.6,"text":" If they didn't know exactly what's behind the scenes here, they down there downloading","temperature":0,"avg_logprob":-0.16928807947019867,"compression_ratio":1.8741935483870968,"no_speech_prob":0.02001953125,"words":[]},{"start":300.6,"end":303.2,"text":" this app and be like, oh, this is a social media app.","temperature":0,"avg_logprob":-0.16928807947019867,"compression_ratio":1.8741935483870968,"no_speech_prob":0.02001953125,"words":[]},{"start":303.2,"end":305.6,"text":" I think that's probably a pretty fair justified first impression.","temperature":0,"avg_logprob":-0.16928807947019867,"compression_ratio":1.8741935483870968,"no_speech_prob":0.02001953125,"words":[]},{"start":305.6,"end":308.72,"text":" How do you think about that in the grand scheme of just like social media broadly?","temperature":0,"avg_logprob":-0.15559895833333334,"compression_ratio":1.756838905775076,"no_speech_prob":0.015899658203125,"words":[]},{"start":308.72,"end":309.72,"text":" Yeah.","temperature":0,"avg_logprob":-0.15559895833333334,"compression_ratio":1.756838905775076,"no_speech_prob":0.015899658203125,"words":[]},{"start":309.72,"end":313.76000000000005,"text":" Well, I think over the last 20 years, we've seen that there's been so much good that come","temperature":0,"avg_logprob":-0.15559895833333334,"compression_ratio":1.756838905775076,"no_speech_prob":0.015899658203125,"words":[]},{"start":313.76000000000005,"end":315.28000000000003,"text":" with social media on the internet, right?","temperature":0,"avg_logprob":-0.15559895833333334,"compression_ratio":1.756838905775076,"no_speech_prob":0.015899658203125,"words":[]},{"start":315.28000000000003,"end":318.88,"text":" Like for the first time, you've given, you know, hundreds of millions of people to platform","temperature":0,"avg_logprob":-0.15559895833333334,"compression_ratio":1.756838905775076,"no_speech_prob":0.015899658203125,"words":[]},{"start":318.88,"end":322.04,"text":" where they could share their creativity, their thoughts, they could connect with people all","temperature":0,"avg_logprob":-0.15559895833333334,"compression_ratio":1.756838905775076,"no_speech_prob":0.015899658203125,"words":[]},{"start":322.04,"end":323.36,"text":" around the world.","temperature":0,"avg_logprob":-0.15559895833333334,"compression_ratio":1.756838905775076,"no_speech_prob":0.015899658203125,"words":[]},{"start":323.36,"end":326.6,"text":" But at the same time, well, I think that provided a lot of good.","temperature":0,"avg_logprob":-0.15559895833333334,"compression_ratio":1.756838905775076,"no_speech_prob":0.015899658203125,"words":[]},{"start":326.6,"end":331.96000000000004,"text":" The realities of the way those social media platforms worked meant that for the most part,","temperature":0,"avg_logprob":-0.15559895833333334,"compression_ratio":1.756838905775076,"no_speech_prob":0.015899658203125,"words":[]},{"start":331.96,"end":335.96,"text":" the creators who are actually bringing their creativity to the internet have kind of","temperature":0,"avg_logprob":-0.14417016806722688,"compression_ratio":1.7167832167832169,"no_speech_prob":0.00394439697265625,"words":[]},{"start":335.96,"end":338.88,"text":" gotten a raw deal in the economics of all of it.","temperature":0,"avg_logprob":-0.14417016806722688,"compression_ratio":1.7167832167832169,"no_speech_prob":0.00394439697265625,"words":[]},{"start":338.88,"end":343.47999999999996,"text":" Like if you look at the economics, like creators are in less than 5% of the overall earnings","temperature":0,"avg_logprob":-0.14417016806722688,"compression_ratio":1.7167832167832169,"no_speech_prob":0.00394439697265625,"words":[]},{"start":343.47999999999996,"end":344.47999999999996,"text":" of these big platforms.","temperature":0,"avg_logprob":-0.14417016806722688,"compression_ratio":1.7167832167832169,"no_speech_prob":0.00394439697265625,"words":[]},{"start":344.47999999999996,"end":350.56,"text":" And I think what that's led to is basically, you have this like bubbling discontent where","temperature":0,"avg_logprob":-0.14417016806722688,"compression_ratio":1.7167832167832169,"no_speech_prob":0.00394439697265625,"words":[]},{"start":350.56,"end":354.03999999999996,"text":" people are feeling like, oh, there's some good stuff here.","temperature":0,"avg_logprob":-0.14417016806722688,"compression_ratio":1.7167832167832169,"no_speech_prob":0.00394439697265625,"words":[]},{"start":354.03999999999996,"end":360,"text":" But also there's something fundamentally broken in how this is working for me as a creator.","temperature":0,"avg_logprob":-0.14417016806722688,"compression_ratio":1.7167832167832169,"no_speech_prob":0.00394439697265625,"words":[]},{"start":360,"end":362.72,"text":" Because I'm the one who's bringing my creativity to these platforms.","temperature":0,"avg_logprob":-0.11945199275362318,"compression_ratio":1.8131147540983608,"no_speech_prob":0.013427734375,"words":[]},{"start":362.72,"end":364.84,"text":" And then someone else is profiting off it.","temperature":0,"avg_logprob":-0.11945199275362318,"compression_ratio":1.8131147540983608,"no_speech_prob":0.013427734375,"words":[]},{"start":364.84,"end":370.4,"text":" And so that bubbling discontent, that's something that I think I hear and see in like every","temperature":0,"avg_logprob":-0.11945199275362318,"compression_ratio":1.8131147540983608,"no_speech_prob":0.013427734375,"words":[]},{"start":370.4,"end":374.6,"text":" first conversation about the base app where people intuitively and immediately get it.","temperature":0,"avg_logprob":-0.11945199275362318,"compression_ratio":1.8131147540983608,"no_speech_prob":0.013427734375,"words":[]},{"start":374.6,"end":379.32,"text":" They understand, oh, the existing system is broken and we need to build a new system.","temperature":0,"avg_logprob":-0.11945199275362318,"compression_ratio":1.8131147540983608,"no_speech_prob":0.013427734375,"words":[]},{"start":379.32,"end":381.2,"text":" And this is the way we think about the base app.","temperature":0,"avg_logprob":-0.11945199275362318,"compression_ratio":1.8131147540983608,"no_speech_prob":0.013427734375,"words":[]},{"start":381.2,"end":383.88,"text":" It's not just a new social media app.","temperature":0,"avg_logprob":-0.11945199275362318,"compression_ratio":1.8131147540983608,"no_speech_prob":0.013427734375,"words":[]},{"start":383.88,"end":388.68,"text":" It's really the first time where I think we've started to see what a social media app and","temperature":0,"avg_logprob":-0.11945199275362318,"compression_ratio":1.8131147540983608,"no_speech_prob":0.013427734375,"words":[]},{"start":388.68,"end":391.92,"text":" a super app can look like when it is built on open protocols.","temperature":0,"avg_logprob":-0.21788877952755906,"compression_ratio":1.815884476534296,"no_speech_prob":0.00955963134765625,"words":[]},{"start":391.92,"end":394.12,"text":" You know, base is built on Ethereum.","temperature":0,"avg_logprob":-0.21788877952755906,"compression_ratio":1.815884476534296,"no_speech_prob":0.00955963134765625,"words":[]},{"start":394.12,"end":399.16,"text":" And then it's built on XMTP and Farcasfer and Zora and Eradro and Uniswap.","temperature":0,"avg_logprob":-0.21788877952755906,"compression_ratio":1.815884476534296,"no_speech_prob":0.00955963134765625,"words":[]},{"start":399.16,"end":403.32,"text":" We basically stitched together all of these open protocols that work together because they're","temperature":0,"avg_logprob":-0.21788877952755906,"compression_ratio":1.815884476534296,"no_speech_prob":0.00955963134765625,"words":[]},{"start":403.32,"end":409.32,"text":" built on the shared foundation and made it so that when you post in base app, you earn.","temperature":0,"avg_logprob":-0.21788877952755906,"compression_ratio":1.815884476534296,"no_speech_prob":0.00955963134765625,"words":[]},{"start":409.32,"end":413.44,"text":" Because the new foundation, this decentralized foundation that we're building on is actually","temperature":0,"avg_logprob":-0.21788877952755906,"compression_ratio":1.815884476534296,"no_speech_prob":0.00955963134765625,"words":[]},{"start":413.44,"end":416,"text":" structured in such a way that it's built for creators.","temperature":0,"avg_logprob":-0.21788877952755906,"compression_ratio":1.815884476534296,"no_speech_prob":0.00955963134765625,"words":[]},{"start":416.28,"end":420.52,"text":" And it's built for the people who are using the app that they benefit from their creativity.","temperature":0,"avg_logprob":-0.14363425925925927,"compression_ratio":1.7847682119205297,"no_speech_prob":0.01910400390625,"words":[]},{"start":420.52,"end":426.48,"text":" And I think that is this sea change that it's a little bit hard to see if you're new to","temperature":0,"avg_logprob":-0.14363425925925927,"compression_ratio":1.7847682119205297,"no_speech_prob":0.01910400390625,"words":[]},{"start":426.48,"end":429.48,"text":" the space because it still looks the same.","temperature":0,"avg_logprob":-0.14363425925925927,"compression_ratio":1.7847682119205297,"no_speech_prob":0.01910400390625,"words":[]},{"start":429.48,"end":432.68,"text":" But it's almost like we've like swapped out the engine of the plane while we're still","temperature":0,"avg_logprob":-0.14363425925925927,"compression_ratio":1.7847682119205297,"no_speech_prob":0.01910400390625,"words":[]},{"start":432.68,"end":433.68,"text":" flying it.","temperature":0,"avg_logprob":-0.14363425925925927,"compression_ratio":1.7847682119205297,"no_speech_prob":0.01910400390625,"words":[]},{"start":433.68,"end":437.68,"text":" And now we have this new foundation that we can build on that's going to unlock a ton of","temperature":0,"avg_logprob":-0.14363425925925927,"compression_ratio":1.7847682119205297,"no_speech_prob":0.01910400390625,"words":[]},{"start":437.68,"end":442.96,"text":" value for creators and I think unlock a ton of just opportunity in terms of what we can","temperature":0,"avg_logprob":-0.14363425925925927,"compression_ratio":1.7847682119205297,"no_speech_prob":0.01910400390625,"words":[]},{"start":442.96,"end":444.84,"text":" do from a product experience perspective.","temperature":0,"avg_logprob":-0.14363425925925927,"compression_ratio":1.7847682119205297,"no_speech_prob":0.01910400390625,"words":[]},{"start":444.92,"end":446.96000000000004,"text":" I think mini apps are a great example of this.","temperature":0,"avg_logprob":-0.1493929856115108,"compression_ratio":1.832258064516129,"no_speech_prob":0.00251007080078125,"words":[]},{"start":446.96000000000004,"end":450.84000000000003,"text":" One of the things we get from building on this open platform is that we have these","temperature":0,"avg_logprob":-0.1493929856115108,"compression_ratio":1.832258064516129,"no_speech_prob":0.00251007080078125,"words":[]},{"start":450.84000000000003,"end":455.24,"text":" composable mini apps that just work in the feed and just work in messaging.","temperature":0,"avg_logprob":-0.1493929856115108,"compression_ratio":1.832258064516129,"no_speech_prob":0.00251007080078125,"words":[]},{"start":455.24,"end":459.20000000000005,"text":" So you can be scrolling the feed and see something cool, tap it and immediately check","temperature":0,"avg_logprob":-0.1493929856115108,"compression_ratio":1.832258064516129,"no_speech_prob":0.00251007080078125,"words":[]},{"start":459.20000000000005,"end":460.20000000000005,"text":" out.","temperature":0,"avg_logprob":-0.1493929856115108,"compression_ratio":1.832258064516129,"no_speech_prob":0.00251007080078125,"words":[]},{"start":460.20000000000005,"end":464.00000000000006,"text":" And that whole experience is built by a third party developer where they can control their","temperature":0,"avg_logprob":-0.1493929856115108,"compression_ratio":1.832258064516129,"no_speech_prob":0.00251007080078125,"words":[]},{"start":464.00000000000006,"end":465.28000000000003,"text":" user experience there.","temperature":0,"avg_logprob":-0.1493929856115108,"compression_ratio":1.832258064516129,"no_speech_prob":0.00251007080078125,"words":[]},{"start":465.28000000000003,"end":468.56000000000006,"text":" Then you can send that to your friend in a group chat and they can do the same thing.","temperature":0,"avg_logprob":-0.1493929856115108,"compression_ratio":1.832258064516129,"no_speech_prob":0.00251007080078125,"words":[]},{"start":468.56000000000006,"end":472.00000000000006,"text":" And so I just think we're just starting to scratch the surface on this.","temperature":0,"avg_logprob":-0.1493929856115108,"compression_ratio":1.832258064516129,"no_speech_prob":0.00251007080078125,"words":[]},{"start":472,"end":478.2,"text":" But I do think that we've kind of started like a shift, that's pretty big one to this","temperature":0,"avg_logprob":-0.21343085106382978,"compression_ratio":1.7331189710610932,"no_speech_prob":0.01322174072265625,"words":[]},{"start":478.2,"end":479.2,"text":" new way of building.","temperature":0,"avg_logprob":-0.21343085106382978,"compression_ratio":1.7331189710610932,"no_speech_prob":0.01322174072265625,"words":[]},{"start":479.2,"end":483.2,"text":" I'm going to share my screen here and show some tweets and talk about some of the commentary","temperature":0,"avg_logprob":-0.21343085106382978,"compression_ratio":1.7331189710610932,"no_speech_prob":0.01322174072265625,"words":[]},{"start":483.2,"end":485.32,"text":" that has come out of the announcement of the base app.","temperature":0,"avg_logprob":-0.21343085106382978,"compression_ratio":1.7331189710610932,"no_speech_prob":0.01322174072265625,"words":[]},{"start":485.32,"end":489.28,"text":" So this one is from Nikhil Eath's just got a special invite to the base app.","temperature":0,"avg_logprob":-0.21343085106382978,"compression_ratio":1.7331189710610932,"no_speech_prob":0.01322174072265625,"words":[]},{"start":489.28,"end":492.96,"text":" First impression would be it's the everything app payments, social apps, chat, script","temperature":0,"avg_logprob":-0.21343085106382978,"compression_ratio":1.7331189710610932,"no_speech_prob":0.01322174072265625,"words":[]},{"start":492.96,"end":493.96,"text":" or you name it.","temperature":0,"avg_logprob":-0.21343085106382978,"compression_ratio":1.7331189710610932,"no_speech_prob":0.01322174072265625,"words":[]},{"start":493.96,"end":494.96,"text":" Everything is here.","temperature":0,"avg_logprob":-0.21343085106382978,"compression_ratio":1.7331189710610932,"no_speech_prob":0.01322174072265625,"words":[]},{"start":494.96,"end":498.28,"text":" I think that's kind of highlighting some of the maybe superpowers that I think you've","temperature":0,"avg_logprob":-0.21343085106382978,"compression_ratio":1.7331189710610932,"no_speech_prob":0.01322174072265625,"words":[]},{"start":498.28000000000003,"end":499.88000000000005,"text":" integrated into the base app.","temperature":0,"avg_logprob":-0.22960069444444445,"compression_ratio":1.7432432432432432,"no_speech_prob":0.0875244140625,"words":[]},{"start":499.88000000000005,"end":504.88000000000005,"text":" There's a lot of protocols that are integrated, like you said, the base chain is integrated","temperature":0,"avg_logprob":-0.22960069444444445,"compression_ratio":1.7432432432432432,"no_speech_prob":0.0875244140625,"words":[]},{"start":504.88000000000005,"end":505.88000000000005,"text":" built on Ethereum.","temperature":0,"avg_logprob":-0.22960069444444445,"compression_ratio":1.7432432432432432,"no_speech_prob":0.0875244140625,"words":[]},{"start":505.88000000000005,"end":512.6,"text":" But then there's another EVM chains, including Ethereum and Optimism and Arbitrum and Polygon","temperature":0,"avg_logprob":-0.22960069444444445,"compression_ratio":1.7432432432432432,"no_speech_prob":0.0875244140625,"words":[]},{"start":512.6,"end":513.6,"text":" and Avalanche.","temperature":0,"avg_logprob":-0.22960069444444445,"compression_ratio":1.7432432432432432,"no_speech_prob":0.0875244140625,"words":[]},{"start":513.6,"end":516.24,"text":" And so again, we really want to make sure it's not just base chain.","temperature":0,"avg_logprob":-0.22960069444444445,"compression_ratio":1.7432432432432432,"no_speech_prob":0.0875244140625,"words":[]},{"start":516.24,"end":519.44,"text":" This is an app that gives you access to everything in the on-chain economy, Salana and others","temperature":0,"avg_logprob":-0.22960069444444445,"compression_ratio":1.7432432432432432,"no_speech_prob":0.0875244140625,"words":[]},{"start":519.44,"end":520.44,"text":" coming soon.","temperature":0,"avg_logprob":-0.22960069444444445,"compression_ratio":1.7432432432432432,"no_speech_prob":0.0875244140625,"words":[]},{"start":520.44,"end":521.44,"text":" Certainly.","temperature":0,"avg_logprob":-0.22960069444444445,"compression_ratio":1.7432432432432432,"no_speech_prob":0.0875244140625,"words":[]},{"start":521.44,"end":522.6800000000001,"text":" And that's just the chain side of things.","temperature":0,"avg_logprob":-0.22960069444444445,"compression_ratio":1.7432432432432432,"no_speech_prob":0.0875244140625,"words":[]},{"start":522.6800000000001,"end":524.36,"text":" There's also like the FARCASER client.","temperature":0,"avg_logprob":-0.22960069444444445,"compression_ratio":1.7432432432432432,"no_speech_prob":0.0875244140625,"words":[]},{"start":524.36,"end":528.44,"text":" There's just a bunch of protocols that you've kind of just legode together to build this","temperature":0,"avg_logprob":-0.16161736641221375,"compression_ratio":1.7234042553191489,"no_speech_prob":0.1580810546875,"words":[]},{"start":528.44,"end":532.72,"text":" experience that other social media apps just don't have some of the superpowers you have","temperature":0,"avg_logprob":-0.16161736641221375,"compression_ratio":1.7234042553191489,"no_speech_prob":0.1580810546875,"words":[]},{"start":532.72,"end":537.16,"text":" because you've integrated all these protocols, mainly money and tokens and finance and things","temperature":0,"avg_logprob":-0.16161736641221375,"compression_ratio":1.7234042553191489,"no_speech_prob":0.1580810546875,"words":[]},{"start":537.16,"end":539.16,"text":" related to blockchains.","temperature":0,"avg_logprob":-0.16161736641221375,"compression_ratio":1.7234042553191489,"no_speech_prob":0.1580810546875,"words":[]},{"start":539.16,"end":540.8000000000001,"text":" And I thought this tweet was pretty cool.","temperature":0,"avg_logprob":-0.16161736641221375,"compression_ratio":1.7234042553191489,"no_speech_prob":0.1580810546875,"words":[]},{"start":540.8000000000001,"end":544.84,"text":" This is from a content creator who makes a bunch of clips on Twitter and he tweeted out","temperature":0,"avg_logprob":-0.16161736641221375,"compression_ratio":1.7234042553191489,"no_speech_prob":0.1580810546875,"words":[]},{"start":544.84,"end":547.6800000000001,"text":" going viral on your first base app post.","temperature":0,"avg_logprob":-0.16161736641221375,"compression_ratio":1.7234042553191489,"no_speech_prob":0.1580810546875,"words":[]},{"start":547.6800000000001,"end":551.6800000000001,"text":" And immediately getting a stream of creator earnings is an absolutely insane on-boarding","temperature":0,"avg_logprob":-0.16161736641221375,"compression_ratio":1.7234042553191489,"no_speech_prob":0.1580810546875,"words":[]},{"start":551.6800000000001,"end":552.6800000000001,"text":" experience.","temperature":0,"avg_logprob":-0.16161736641221375,"compression_ratio":1.7234042553191489,"no_speech_prob":0.1580810546875,"words":[]},{"start":552.6800000000001,"end":558.6400000000001,"text":" It's just scrolling down, saying like 0.01 ETH, 0.02 ETH receiving from people on-boarding","temperature":0,"avg_logprob":-0.2848282442748092,"compression_ratio":1.592982456140351,"no_speech_prob":0.0259552001953125,"words":[]},{"start":558.6400000000001,"end":561.0400000000001,"text":" into the base app.","temperature":0,"avg_logprob":-0.2848282442748092,"compression_ratio":1.592982456140351,"no_speech_prob":0.0259552001953125,"words":[]},{"start":561.0400000000001,"end":562.0400000000001,"text":" Now this is it.","temperature":0,"avg_logprob":-0.2848282442748092,"compression_ratio":1.592982456140351,"no_speech_prob":0.0259552001953125,"words":[]},{"start":562.0400000000001,"end":566.44,"text":" This is really a crazy experience and this is what we're seeing really resonates with","temperature":0,"avg_logprob":-0.2848282442748092,"compression_ratio":1.592982456140351,"no_speech_prob":0.0259552001953125,"words":[]},{"start":566.44,"end":567.44,"text":" creators.","temperature":0,"avg_logprob":-0.2848282442748092,"compression_ratio":1.592982456140351,"no_speech_prob":0.0259552001953125,"words":[]},{"start":567.44,"end":568.44,"text":" And it's not just Jack.","temperature":0,"avg_logprob":-0.2848282442748092,"compression_ratio":1.592982456140351,"no_speech_prob":0.0259552001953125,"words":[]},{"start":568.44,"end":573.0400000000001,"text":" You know, Jack made a few viral posts and I think he earned a couple thousand dollars.","temperature":0,"avg_logprob":-0.2848282442748092,"compression_ratio":1.592982456140351,"no_speech_prob":0.0259552001953125,"words":[]},{"start":573.0400000000001,"end":575.36,"text":" You know, another woman, Sierra made a viral post yesterday.","temperature":0,"avg_logprob":-0.2848282442748092,"compression_ratio":1.592982456140351,"no_speech_prob":0.0259552001953125,"words":[]},{"start":575.36,"end":578.6800000000001,"text":" She earned like $3,000 or maybe it was $8,000 I forget what.","temperature":0,"avg_logprob":-0.2848282442748092,"compression_ratio":1.592982456140351,"no_speech_prob":0.0259552001953125,"words":[]},{"start":579.4000000000001,"end":583.5600000000001,"text":" The thing that we're seeing is that that experience, even if it's just a few cents, posting","temperature":0,"avg_logprob":-0.18971238938053098,"compression_ratio":1.7325102880658436,"no_speech_prob":0.0966796875,"words":[]},{"start":583.5600000000001,"end":588.0400000000001,"text":" something and then immediately earning and it's not like, oh, you have to get X followers,","temperature":0,"avg_logprob":-0.18971238938053098,"compression_ratio":1.7325102880658436,"no_speech_prob":0.0966796875,"words":[]},{"start":588.0400000000001,"end":592.2,"text":" oh, you have to live in Y country, oh, you have to wait 60 days for a payout.","temperature":0,"avg_logprob":-0.18971238938053098,"compression_ratio":1.7325102880658436,"no_speech_prob":0.0966796875,"words":[]},{"start":592.2,"end":598.6400000000001,"text":" The immediacy of my content is valuable and I'm earning for it is really, really profound.","temperature":0,"avg_logprob":-0.18971238938053098,"compression_ratio":1.7325102880658436,"no_speech_prob":0.0966796875,"words":[]},{"start":598.6400000000001,"end":603.5200000000001,"text":" And that's something that's when creators come in, it's hooking them.","temperature":0,"avg_logprob":-0.18971238938053098,"compression_ratio":1.7325102880658436,"no_speech_prob":0.0966796875,"words":[]},{"start":603.52,"end":608.4,"text":" And I think they're almost like feeling this realignment where they're feeling this","temperature":0,"avg_logprob":-0.19556451612903225,"compression_ratio":1.9188311688311688,"no_speech_prob":0.008575439453125,"words":[]},{"start":608.4,"end":613.4399999999999,"text":" discontent with the existing system and then they experience this post and earn moment","temperature":0,"avg_logprob":-0.19556451612903225,"compression_ratio":1.9188311688311688,"no_speech_prob":0.008575439453125,"words":[]},{"start":613.4399999999999,"end":616,"text":" and they're like intuitively rocking it.","temperature":0,"avg_logprob":-0.19556451612903225,"compression_ratio":1.9188311688311688,"no_speech_prob":0.008575439453125,"words":[]},{"start":616,"end":617.36,"text":" They're like, oh, I get it.","temperature":0,"avg_logprob":-0.19556451612903225,"compression_ratio":1.9188311688311688,"no_speech_prob":0.008575439453125,"words":[]},{"start":617.36,"end":618.36,"text":" Now I get it.","temperature":0,"avg_logprob":-0.19556451612903225,"compression_ratio":1.9188311688311688,"no_speech_prob":0.008575439453125,"words":[]},{"start":618.36,"end":619.36,"text":" And I want to keep posting here.","temperature":0,"avg_logprob":-0.19556451612903225,"compression_ratio":1.9188311688311688,"no_speech_prob":0.008575439453125,"words":[]},{"start":619.36,"end":623.12,"text":" And I think one thing that's really important about this is, you know, some people are going","temperature":0,"avg_logprob":-0.19556451612903225,"compression_ratio":1.9188311688311688,"no_speech_prob":0.008575439453125,"words":[]},{"start":623.12,"end":626.76,"text":" to say, oh, but you know, only some posts are going to go viral and you're going to earn","temperature":0,"avg_logprob":-0.19556451612903225,"compression_ratio":1.9188311688311688,"no_speech_prob":0.008575439453125,"words":[]},{"start":626.76,"end":630.72,"text":" or they look at my creator earnings or Brian's creator earnings, Brian earned like $150,000","temperature":0,"avg_logprob":-0.19556451612903225,"compression_ratio":1.9188311688311688,"no_speech_prob":0.008575439453125,"words":[]},{"start":630.72,"end":632.52,"text":" over the last week of posting.","temperature":0,"avg_logprob":-0.19556451612903225,"compression_ratio":1.9188311688311688,"no_speech_prob":0.008575439453125,"words":[]},{"start":632.52,"end":636.4,"text":" I've earned like $30,000 over the last week of posting and they're like, oh, but Jesse","temperature":0,"avg_logprob":-0.1697716346153846,"compression_ratio":1.782874617737003,"no_speech_prob":0.0005793571472167969,"words":[]},{"start":636.4,"end":640.4,"text":" and Brian are special and the truth is that, a, of course, you're not going to earn","temperature":0,"avg_logprob":-0.1697716346153846,"compression_ratio":1.782874617737003,"no_speech_prob":0.0005793571472167969,"words":[]},{"start":640.4,"end":642,"text":" and go viral on every post.","temperature":0,"avg_logprob":-0.1697716346153846,"compression_ratio":1.782874617737003,"no_speech_prob":0.0005793571472167969,"words":[]},{"start":642,"end":643.4,"text":" That's just like social media.","temperature":0,"avg_logprob":-0.1697716346153846,"compression_ratio":1.782874617737003,"no_speech_prob":0.0005793571472167969,"words":[]},{"start":643.4,"end":647.0799999999999,"text":" There's going to be a small number of posts that go viral where you earn the outsized","temperature":0,"avg_logprob":-0.1697716346153846,"compression_ratio":1.782874617737003,"no_speech_prob":0.0005793571472167969,"words":[]},{"start":647.0799999999999,"end":648.52,"text":" amount of your money.","temperature":0,"avg_logprob":-0.1697716346153846,"compression_ratio":1.782874617737003,"no_speech_prob":0.0005793571472167969,"words":[]},{"start":648.52,"end":652.0799999999999,"text":" And then of course, people with big audiences, I have 300,000 followers.","temperature":0,"avg_logprob":-0.1697716346153846,"compression_ratio":1.782874617737003,"no_speech_prob":0.0005793571472167969,"words":[]},{"start":652.0799999999999,"end":655.84,"text":" Brian has, you know, however many million followers, they're going to earn more.","temperature":0,"avg_logprob":-0.1697716346153846,"compression_ratio":1.782874617737003,"no_speech_prob":0.0005793571472167969,"words":[]},{"start":655.84,"end":659.24,"text":" That's because they have more distribution and that means it's easier for them to go viral.","temperature":0,"avg_logprob":-0.1697716346153846,"compression_ratio":1.782874617737003,"no_speech_prob":0.0005793571472167969,"words":[]},{"start":659.24,"end":664.64,"text":" And so, I think that, you know, people are looking for a reason why this isn't going","temperature":0,"avg_logprob":-0.1656494140625,"compression_ratio":1.7379310344827585,"no_speech_prob":0.00701141357421875,"words":[]},{"start":664.64,"end":665.64,"text":" to work.","temperature":0,"avg_logprob":-0.1656494140625,"compression_ratio":1.7379310344827585,"no_speech_prob":0.00701141357421875,"words":[]},{"start":665.64,"end":669.24,"text":" And I actually think if you start to put the hat on of like, holy crap, look at how well","temperature":0,"avg_logprob":-0.1656494140625,"compression_ratio":1.7379310344827585,"no_speech_prob":0.00701141357421875,"words":[]},{"start":669.24,"end":673.88,"text":" it's working right now when there's like so few people using this and then extrapolate","temperature":0,"avg_logprob":-0.1656494140625,"compression_ratio":1.7379310344827585,"no_speech_prob":0.00701141357421875,"words":[]},{"start":673.88,"end":678.32,"text":" that to like 100 million people or billion people in the network, all interacting with surface","temperature":0,"avg_logprob":-0.1656494140625,"compression_ratio":1.7379310344827585,"no_speech_prob":0.00701141357421875,"words":[]},{"start":678.32,"end":683.04,"text":" areas where it's all interconnected with this value layer, I think there's just so much","temperature":0,"avg_logprob":-0.1656494140625,"compression_ratio":1.7379310344827585,"no_speech_prob":0.00701141357421875,"words":[]},{"start":683.04,"end":684.04,"text":" opportunity.","temperature":0,"avg_logprob":-0.1656494140625,"compression_ratio":1.7379310344827585,"no_speech_prob":0.00701141357421875,"words":[]},{"start":684.04,"end":685.76,"text":" We haven't really seen it get started.","temperature":0,"avg_logprob":-0.1656494140625,"compression_ratio":1.7379310344827585,"no_speech_prob":0.00701141357421875,"words":[]},{"start":685.76,"end":690.6,"text":" So we as a society have seen social media apps, enough social media apps come where we","temperature":0,"avg_logprob":-0.1576140873015873,"compression_ratio":1.8607142857142858,"no_speech_prob":0.0171661376953125,"words":[]},{"start":690.6,"end":694.12,"text":" kind of understand a little bit of the science about how they grow.","temperature":0,"avg_logprob":-0.1576140873015873,"compression_ratio":1.8607142857142858,"no_speech_prob":0.0171661376953125,"words":[]},{"start":694.12,"end":698.6,"text":" And there's like that rule of thumb out there that like the people that are big on Twitter","temperature":0,"avg_logprob":-0.1576140873015873,"compression_ratio":1.8607142857142858,"no_speech_prob":0.0171661376953125,"words":[]},{"start":698.6,"end":701.08,"text":" aren't necessarily big on Instagram.","temperature":0,"avg_logprob":-0.1576140873015873,"compression_ratio":1.8607142857142858,"no_speech_prob":0.0171661376953125,"words":[]},{"start":701.08,"end":704.64,"text":" And yes, you can like port your audience or like a big Instagram earner can come to the","temperature":0,"avg_logprob":-0.1576140873015873,"compression_ratio":1.8607142857142858,"no_speech_prob":0.0171661376953125,"words":[]},{"start":704.64,"end":708.76,"text":" base app sign up and then get onboarded with a little bit of just like a bump just because","temperature":0,"avg_logprob":-0.1576140873015873,"compression_ratio":1.8607142857142858,"no_speech_prob":0.0171661376953125,"words":[]},{"start":708.76,"end":711.64,"text":" they're already, they already have influence in one 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the base app.","temperature":0,"avg_logprob":-0.13527960526315788,"compression_ratio":1.7925925925925925,"no_speech_prob":0.01971435546875,"words":[]},{"start":729.36,"end":733.96,"text":" But also there's going to be the organic strategy of well, this is a net new consumer","temperature":0,"avg_logprob":-0.13527960526315788,"compression_ratio":1.7925925925925925,"no_speech_prob":0.01971435546875,"words":[]},{"start":733.96,"end":734.96,"text":" behavior.","temperature":0,"avg_logprob":-0.13527960526315788,"compression_ratio":1.7925925925925925,"no_speech_prob":0.01971435546875,"words":[]},{"start":734.96,"end":739.36,"text":" There's going to be net new people that are successful on the social media side of","temperature":0,"avg_logprob":-0.13527960526315788,"compression_ratio":1.7925925925925925,"no_speech_prob":0.01971435546875,"words":[]},{"start":739.36,"end":744.64,"text":" the base app that learn to build content that resonates with the form factor of the","temperature":0,"avg_logprob":-0.16804635761589404,"compression_ratio":1.7389937106918238,"no_speech_prob":0.00806427001953125,"words":[]},{"start":744.64,"end":745.64,"text":" base app.","temperature":0,"avg_logprob":-0.16804635761589404,"compression_ratio":1.7389937106918238,"no_speech_prob":0.00806427001953125,"words":[]},{"start":745.64,"end":747.64,"text":" Talk about the strategy of growing that cohort of people.","temperature":0,"avg_logprob":-0.16804635761589404,"compression_ratio":1.7389937106918238,"no_speech_prob":0.00806427001953125,"words":[]},{"start":747.64,"end":748.64,"text":" Yeah, 100%.","temperature":0,"avg_logprob":-0.16804635761589404,"compression_ratio":1.7389937106918238,"no_speech_prob":0.00806427001953125,"words":[]},{"start":748.64,"end":751.8000000000001,"text":" And of course, we're going to go get existing creators with scale audiences.","temperature":0,"avg_logprob":-0.16804635761589404,"compression_ratio":1.7389937106918238,"no_speech_prob":0.00806427001953125,"words":[]},{"start":751.8000000000001,"end":756.04,"text":" We're already seeing that, you know, like people are coming, coming over Gary V.","temperature":0,"avg_logprob":-0.16804635761589404,"compression_ratio":1.7389937106918238,"no_speech_prob":0.00806427001953125,"words":[]},{"start":756.04,"end":758.12,"text":" For instance, he's like so fired up about the base app.","temperature":0,"avg_logprob":-0.16804635761589404,"compression_ratio":1.7389937106918238,"no_speech_prob":0.00806427001953125,"words":[]},{"start":758.12,"end":759.12,"text":" He's coming over.","temperature":0,"avg_logprob":-0.16804635761589404,"compression_ratio":1.7389937106918238,"no_speech_prob":0.00806427001953125,"words":[]},{"start":759.12,"end":760.12,"text":" He's 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blockchain","temperature":0,"avg_logprob":-0.22003073770491804,"compression_ratio":1.6325878594249201,"no_speech_prob":0.63134765625,"words":[]},{"start":1058.32,"end":1059.32,"text":" for banking.","temperature":0,"avg_logprob":-0.22003073770491804,"compression_ratio":1.6325878594249201,"no_speech_prob":0.63134765625,"words":[]},{"start":1059.32,"end":1061.32,"text":" That's x.com slash mantle underscore official.","temperature":0,"avg_logprob":-0.22003073770491804,"compression_ratio":1.6325878594249201,"no_speech_prob":0.63134765625,"words":[]},{"start":1061.32,"end":1067.3600000000001,"text":" I want to kind of explore what the optimized form factor of content looks like on the","temperature":0,"avg_logprob":-0.22003073770491804,"compression_ratio":1.6325878594249201,"no_speech_prob":0.63134765625,"words":[]},{"start":1067.3600000000001,"end":1072.88,"text":" base app, because I think Instagram, or Snapchat, or you know, pick your web to social.","temperature":0,"avg_logprob":-0.1996527777777778,"compression_ratio":1.9104477611940298,"no_speech_prob":0.1207275390625,"words":[]},{"start":1072.88,"end":1076.8000000000002,"text":" It aligns with a certain style of content, and that style of content has been optimized","temperature":0,"avg_logprob":-0.1996527777777778,"compression_ratio":1.9104477611940298,"no_speech_prob":0.1207275390625,"words":[]},{"start":1076.8000000000002,"end":1080.92,"text":" to go viral on Instagram, or, you know, same thing for Twitter, certain content goes","temperature":0,"avg_logprob":-0.1996527777777778,"compression_ratio":1.9104477611940298,"no_speech_prob":0.1207275390625,"words":[]},{"start":1080.92,"end":1084.3200000000002,"text":" viral on Twitter, and it wouldn't really necessarily go viral anywhere else.","temperature":0,"avg_logprob":-0.1996527777777778,"compression_ratio":1.9104477611940298,"no_speech_prob":0.1207275390625,"words":[]},{"start":1084.3200000000002,"end":1089.3600000000001,"text":" So for extending that same lesson to the base app, there's going to be a certain form","temperature":0,"avg_logprob":-0.1996527777777778,"compression_ratio":1.9104477611940298,"no_speech_prob":0.1207275390625,"words":[]},{"start":1089.3600000000001,"end":1095.3600000000001,"text":" factor of content that is uniquely suited to go viral on the base app, and it leverages,","temperature":0,"avg_logprob":-0.1996527777777778,"compression_ratio":1.9104477611940298,"no_speech_prob":0.1207275390625,"words":[]},{"start":1095.3600000000001,"end":1099.2,"text":" it's going to leverage some of the features of the base app mainly those creator earnings","temperature":0,"avg_logprob":-0.18971548507462688,"compression_ratio":2.107011070110701,"no_speech_prob":0.0311279296875,"words":[]},{"start":1099.2,"end":1100.2,"text":" probably.","temperature":0,"avg_logprob":-0.18971548507462688,"compression_ratio":2.107011070110701,"no_speech_prob":0.0311279296875,"words":[]},{"start":1100.2,"end":1105.2800000000002,"text":" And so the things that people are going to optimize for, the posters, the content creators,","temperature":0,"avg_logprob":-0.18971548507462688,"compression_ratio":2.107011070110701,"no_speech_prob":0.0311279296875,"words":[]},{"start":1105.2800000000002,"end":1108.88,"text":" creators are going to optimize for are going to be unique to the base app, and those","temperature":0,"avg_logprob":-0.18971548507462688,"compression_ratio":2.107011070110701,"no_speech_prob":0.0311279296875,"words":[]},{"start":1108.88,"end":1114.4,"text":" are there going to learn how to truly optimize their income, optimize their revenue.","temperature":0,"avg_logprob":-0.18971548507462688,"compression_ratio":2.107011070110701,"no_speech_prob":0.0311279296875,"words":[]},{"start":1114.4,"end":1115.6000000000001,"text":" What do you think that looks like?","temperature":0,"avg_logprob":-0.18971548507462688,"compression_ratio":2.107011070110701,"no_speech_prob":0.0311279296875,"words":[]},{"start":1115.6000000000001,"end":1119.96,"text":" What kind of content do you think you guys are emergently optimizing for at the base app,","temperature":0,"avg_logprob":-0.18971548507462688,"compression_ratio":2.107011070110701,"no_speech_prob":0.0311279296875,"words":[]},{"start":1119.96,"end":1123.4,"text":" because you guys are just hooked into chain features, such as like creator earnings?","temperature":0,"avg_logprob":-0.18971548507462688,"compression_ratio":2.107011070110701,"no_speech_prob":0.0311279296875,"words":[]},{"start":1123.88,"end":1127.24,"text":" Yeah, well, the first thing I'll say is that I do think a lot of people, their head goes","temperature":0,"avg_logprob":-0.1399238782051282,"compression_ratio":1.834355828220859,"no_speech_prob":0.1207275390625,"words":[]},{"start":1127.24,"end":1132.3600000000001,"text":" to like, how do we do like these economic systems with the creator earnings to like do something,","temperature":0,"avg_logprob":-0.1399238782051282,"compression_ratio":1.834355828220859,"no_speech_prob":0.1207275390625,"words":[]},{"start":1132.3600000000001,"end":1137.16,"text":" you know, kind of crazy fancy there, and that's going to be the thing, and I'm less convinced","temperature":0,"avg_logprob":-0.1399238782051282,"compression_ratio":1.834355828220859,"no_speech_prob":0.1207275390625,"words":[]},{"start":1137.16,"end":1138.52,"text":" that that's actually going to be the thing.","temperature":0,"avg_logprob":-0.1399238782051282,"compression_ratio":1.834355828220859,"no_speech_prob":0.1207275390625,"words":[]},{"start":1138.52,"end":1143,"text":" Like, what we're seeing mostly from creators is that once they turn on the monetization,","temperature":0,"avg_logprob":-0.1399238782051282,"compression_ratio":1.834355828220859,"no_speech_prob":0.1207275390625,"words":[]},{"start":1143,"end":1147.0800000000002,"text":" like they just stop thinking about it, like it's not this active choice where they're like,","temperature":0,"avg_logprob":-0.1399238782051282,"compression_ratio":1.834355828220859,"no_speech_prob":0.1207275390625,"words":[]},{"start":1147.0800000000002,"end":1151.96,"text":" oh, now this is this new mechanic, I need to go do it, and it's like consuming my headspace.","temperature":0,"avg_logprob":-0.1399238782051282,"compression_ratio":1.834355828220859,"no_speech_prob":0.1207275390625,"words":[]},{"start":1152.04,"end":1155.16,"text":" It's like, oh no, now it's on, and it just works, and then money comes in.","temperature":0,"avg_logprob":-0.1479458041958042,"compression_ratio":1.8197278911564625,"no_speech_prob":0.0013456344604492188,"words":[]},{"start":1155.16,"end":1158.3600000000001,"text":" And I actually think that that's going to fade more and more into the background,","temperature":0,"avg_logprob":-0.1479458041958042,"compression_ratio":1.8197278911564625,"no_speech_prob":0.0013456344604492188,"words":[]},{"start":1158.3600000000001,"end":1162.2,"text":" as people just normalize the fact that your content's valuable, and you earn from it.","temperature":0,"avg_logprob":-0.1479458041958042,"compression_ratio":1.8197278911564625,"no_speech_prob":0.0013456344604492188,"words":[]},{"start":1162.2,"end":1165.56,"text":" And so I'm sure there's going to be an interesting experience,","temperature":0,"avg_logprob":-0.1479458041958042,"compression_ratio":1.8197278911564625,"no_speech_prob":0.0013456344604492188,"words":[]},{"start":1165.56,"end":1170.52,"text":" experiments, but I wouldn't suggest that people get overly myopic on like,","temperature":0,"avg_logprob":-0.1479458041958042,"compression_ratio":1.8197278911564625,"no_speech_prob":0.0013456344604492188,"words":[]},{"start":1170.52,"end":1172.04,"text":" that's the primary thing to do.","temperature":0,"avg_logprob":-0.1479458041958042,"compression_ratio":1.8197278911564625,"no_speech_prob":0.0013456344604492188,"words":[]},{"start":1172.04,"end":1177.16,"text":" The things that I think are going to go viral, two things that I think are kind of traditional,","temperature":0,"avg_logprob":-0.1479458041958042,"compression_ratio":1.8197278911564625,"no_speech_prob":0.0013456344604492188,"words":[]},{"start":1177.16,"end":1178.68,"text":" and then one that's novel.","temperature":0,"avg_logprob":-0.1479458041958042,"compression_ratio":1.8197278911564625,"no_speech_prob":0.0013456344604492188,"words":[]},{"start":1178.76,"end":1182.1200000000001,"text":" The two things that are traditional, like, in the starting of the virus,","temperature":0,"avg_logprob":-0.1519691780821918,"compression_ratio":1.9638157894736843,"no_speech_prob":0.00628662109375,"words":[]},{"start":1182.1200000000001,"end":1185.8,"text":" one video content, like I just think video content, like on Instagram and TikTok,","temperature":0,"avg_logprob":-0.1519691780821918,"compression_ratio":1.9638157894736843,"no_speech_prob":0.00628662109375,"words":[]},{"start":1185.8,"end":1188.76,"text":" is going to work. And you're going to be speaking to an audience, it's going to be more global,","temperature":0,"avg_logprob":-0.1519691780821918,"compression_ratio":1.9638157894736843,"no_speech_prob":0.00628662109375,"words":[]},{"start":1188.76,"end":1192.28,"text":" you're going to have to figure out how to dial that in, but video content is really,","temperature":0,"avg_logprob":-0.1519691780821918,"compression_ratio":1.9638157894736843,"no_speech_prob":0.00628662109375,"words":[]},{"start":1192.28,"end":1196.28,"text":" really important. And like I said, we're going across every content vertical right now,","temperature":0,"avg_logprob":-0.1519691780821918,"compression_ratio":1.9638157894736843,"no_speech_prob":0.00628662109375,"words":[]},{"start":1196.28,"end":1201.0800000000002,"text":" and we're trying to figure out how do we get a handful of really good creators in each vertical,","temperature":0,"avg_logprob":-0.1519691780821918,"compression_ratio":1.9638157894736843,"no_speech_prob":0.00628662109375,"words":[]},{"start":1201.0800000000002,"end":1204.1200000000001,"text":" so that there's actually good content for consumers to actually engage with.","temperature":0,"avg_logprob":-0.1519691780821918,"compression_ratio":1.9638157894736843,"no_speech_prob":0.00628662109375,"words":[]},{"start":1204.8400000000001,"end":1206.7600000000002,"text":" And so I think that that's the first thing.","temperature":0,"avg_logprob":-0.194921875,"compression_ratio":1.73992673992674,"no_speech_prob":0.007343292236328125,"words":[]},{"start":1206.7600000000002,"end":1210.92,"text":" The second thing is crypto Twitter, ship posting, whatever you want to call it,","temperature":0,"avg_logprob":-0.194921875,"compression_ratio":1.73992673992674,"no_speech_prob":0.007343292236328125,"words":[]},{"start":1210.92,"end":1216.6000000000001,"text":" like kind of a little bit high-minded, text-based posting that can kind of bootstrap off","temperature":0,"avg_logprob":-0.194921875,"compression_ratio":1.73992673992674,"no_speech_prob":0.007343292236328125,"words":[]},{"start":1216.6000000000001,"end":1220.1200000000001,"text":" this network that's being built there. I think that that's going to work successfully as well.","temperature":0,"avg_logprob":-0.194921875,"compression_ratio":1.73992673992674,"no_speech_prob":0.007343292236328125,"words":[]},{"start":1220.1200000000001,"end":1224.8400000000001,"text":" The content format that I'm actually most excited about that's totally novel is MiniApps.","temperature":0,"avg_logprob":-0.194921875,"compression_ratio":1.73992673992674,"no_speech_prob":0.007343292236328125,"words":[]},{"start":1226.3600000000001,"end":1230.2800000000002,"text":" And that's enabled by this kind of open platform and enabled by the chain is,","temperature":0,"avg_logprob":-0.194921875,"compression_ratio":1.73992673992674,"no_speech_prob":0.007343292236328125,"words":[]},{"start":1230.28,"end":1235.6399999999999,"text":" you can build a MiniApp, and you can distribute that MiniApp through the feed or through messaging,","temperature":0,"avg_logprob":-0.1720183486238532,"compression_ratio":1.7701149425287357,"no_speech_prob":0.002758026123046875,"words":[]},{"start":1235.6399999999999,"end":1241.56,"text":" and it can go viral. And then that can be an experience that someone is one tap away from,","temperature":0,"avg_logprob":-0.1720183486238532,"compression_ratio":1.7701149425287357,"no_speech_prob":0.002758026123046875,"words":[]},{"start":1241.56,"end":1244.76,"text":" where they can just get started doing the thing. And some of those are little mini-games.","temperature":0,"avg_logprob":-0.1720183486238532,"compression_ratio":1.7701149425287357,"no_speech_prob":0.002758026123046875,"words":[]},{"start":1245.56,"end":1250.28,"text":" You can imagine commerce where it's like one tap checkout. You can imagine all these other","temperature":0,"avg_logprob":-0.1720183486238532,"compression_ratio":1.7701149425287357,"no_speech_prob":0.002758026123046875,"words":[]},{"start":1250.28,"end":1255.3999999999999,"text":" little mechanics where people are earning and sharing funds with friends, but that kind of","temperature":0,"avg_logprob":-0.1720183486238532,"compression_ratio":1.7701149425287357,"no_speech_prob":0.002758026123046875,"words":[]},{"start":1255.4,"end":1262.3600000000001,"text":" ability to turn the post into this canvas that anyone can build and that anyone can make,","temperature":0,"avg_logprob":-0.16981907894736842,"compression_ratio":1.6726618705035972,"no_speech_prob":0.0010004043579101562,"words":[]},{"start":1262.3600000000001,"end":1268.8400000000001,"text":" you know, a viral hook. I think that that's probably the biggest net new form factor that will","temperature":0,"avg_logprob":-0.16981907894736842,"compression_ratio":1.6726618705035972,"no_speech_prob":0.0010004043579101562,"words":[]},{"start":1269.48,"end":1274.6000000000001,"text":" kind of open up the opportunity for people to build it in a new way. And so those are the three","temperature":0,"avg_logprob":-0.16981907894736842,"compression_ratio":1.6726618705035972,"no_speech_prob":0.0010004043579101562,"words":[]},{"start":1274.6000000000001,"end":1279.0800000000002,"text":" things that I'm most excited about. It's one video across a bunch of non-crypto surfaces","temperature":0,"avg_logprob":-0.16981907894736842,"compression_ratio":1.6726618705035972,"no_speech_prob":0.0010004043579101562,"words":[]},{"start":1279.72,"end":1285.24,"text":" and content areas, two kind of like traditional crypto Twitter posting. And then three MiniApps","temperature":0,"avg_logprob":-0.16981907894736842,"compression_ratio":1.6726618705035972,"no_speech_prob":0.0010004043579101562,"words":[]},{"start":1285.24,"end":1290.52,"text":" from the viral potential that's baked into those. Make a viral MiniApp. I just vibe coded some","temperature":0,"avg_logprob":-0.16304347826086957,"compression_ratio":1.8376623376623376,"no_speech_prob":0.0013885498046875,"words":[]},{"start":1290.52,"end":1293.8,"text":" MiniApp that's capturing the zeitgeist, right? There was that one like vibe coded","temperature":0,"avg_logprob":-0.16304347826086957,"compression_ratio":1.8376623376623376,"no_speech_prob":0.0013885498046875,"words":[]},{"start":1294.76,"end":1299.16,"text":" find the couple at the co-play concert that went pretty viral and it has something like a million","temperature":0,"avg_logprob":-0.16304347826086957,"compression_ratio":1.8376623376623376,"no_speech_prob":0.0013885498046875,"words":[]},{"start":1299.16,"end":1303.08,"text":" users and it was this very kind of like stupid little app that people are having a ton of fun on.","temperature":0,"avg_logprob":-0.16304347826086957,"compression_ratio":1.8376623376623376,"no_speech_prob":0.0013885498046875,"words":[]},{"start":1303.08,"end":1307.72,"text":" And it was just vibe coded in an afternoon and it went viral. If I build that app or some other","temperature":0,"avg_logprob":-0.16304347826086957,"compression_ratio":1.8376623376623376,"no_speech_prob":0.0013885498046875,"words":[]},{"start":1307.72,"end":1313.16,"text":" app that goes viral, do I have access to that same creator rewards monetization that like all the","temperature":0,"avg_logprob":-0.16304347826086957,"compression_ratio":1.8376623376623376,"no_speech_prob":0.0013885498046875,"words":[]},{"start":1313.16,"end":1317.8000000000002,"text":" other content does? Yeah, yeah, exactly. Yeah, and we're still trying to figure out how to","temperature":0,"avg_logprob":-0.10538793103448275,"compression_ratio":1.986254295532646,"no_speech_prob":0.0009851455688476562,"words":[]},{"start":1317.8000000000002,"end":1321.72,"text":" work all these things together, right? Like there's a monetization that's associated with the post","temperature":0,"avg_logprob":-0.10538793103448275,"compression_ratio":1.986254295532646,"no_speech_prob":0.0009851455688476562,"words":[]},{"start":1321.72,"end":1325.24,"text":" and the monetization that's associated with the app and then the monetization that's associated with","temperature":0,"avg_logprob":-0.10538793103448275,"compression_ratio":1.986254295532646,"no_speech_prob":0.0009851455688476562,"words":[]},{"start":1325.24,"end":1330.3600000000001,"text":" the reshairs of that post. And so I will say it's still early, like it's day one and we're trying","temperature":0,"avg_logprob":-0.10538793103448275,"compression_ratio":1.986254295532646,"no_speech_prob":0.0009851455688476562,"words":[]},{"start":1330.3600000000001,"end":1335.24,"text":" to figure it out as we go. But the pieces are all there and now it's mostly about kind of like","temperature":0,"avg_logprob":-0.10538793103448275,"compression_ratio":1.986254295532646,"no_speech_prob":0.0009851455688476562,"words":[]},{"start":1335.24,"end":1339.64,"text":" stitching them together in the right form factor. So here's just to give an example of this is","temperature":0,"avg_logprob":-0.10538793103448275,"compression_ratio":1.986254295532646,"no_speech_prob":0.0009851455688476562,"words":[]},{"start":1339.64,"end":1344.3600000000001,"text":" right now on kind of all post by default monetization is on. So that means it'll get coined,","temperature":0,"avg_logprob":-0.10977564102564102,"compression_ratio":1.797752808988764,"no_speech_prob":0.0012645721435546875,"words":[]},{"start":1344.3600000000001,"end":1348.92,"text":" it'll trade, people can kind of speculate on the attention, people can collect it if they want","temperature":0,"avg_logprob":-0.10977564102564102,"compression_ratio":1.797752808988764,"no_speech_prob":0.0012645721435546875,"words":[]},{"start":1348.92,"end":1353.8000000000002,"text":" to support you and then you're going to earn fees from that. When someone quote post your quote,","temperature":0,"avg_logprob":-0.10977564102564102,"compression_ratio":1.797752808988764,"no_speech_prob":0.0012645721435546875,"words":[]},{"start":1353.8000000000002,"end":1360.68,"text":" monetization is off. And that's like we don't want people to be quote posting and then like kind of","temperature":0,"avg_logprob":-0.10977564102564102,"compression_ratio":1.797752808988764,"no_speech_prob":0.0012645721435546875,"words":[]},{"start":1360.68,"end":1364.5200000000002,"text":" stealing the value from other people. But I'm actually not convinced that that's the right long","temperature":0,"avg_logprob":-0.10977564102564102,"compression_ratio":1.797752808988764,"no_speech_prob":0.0012645721435546875,"words":[]},{"start":1364.6,"end":1371,"text":" term solution. Someone yesterday said when you quote post, you should pair the coin of the","temperature":0,"avg_logprob":-0.1297607421875,"compression_ratio":1.8758169934640523,"no_speech_prob":0.0031719207763671875,"words":[]},{"start":1371,"end":1376.04,"text":" quote post with the existing coin because that means that every time someone buys the quote post,","temperature":0,"avg_logprob":-0.1297607421875,"compression_ratio":1.8758169934640523,"no_speech_prob":0.0031719207763671875,"words":[]},{"start":1376.04,"end":1380.12,"text":" what it actually is doing is going out to the open market buying the previous coin and then","temperature":0,"avg_logprob":-0.1297607421875,"compression_ratio":1.8758169934640523,"no_speech_prob":0.0031719207763671875,"words":[]},{"start":1380.12,"end":1384.36,"text":" locking up in the bottom curve and get the post. And so you kind of create this daisy chain where","temperature":0,"avg_logprob":-0.1297607421875,"compression_ratio":1.8758169934640523,"no_speech_prob":0.0031719207763671875,"words":[]},{"start":1384.36,"end":1389.72,"text":" the quote post monetization is getting fed back into the underlying post monetization. And so this","temperature":0,"avg_logprob":-0.1297607421875,"compression_ratio":1.8758169934640523,"no_speech_prob":0.0031719207763671875,"words":[]},{"start":1389.72,"end":1394.28,"text":" is one of the really really cool things that's opened up from a kind of surface area perspective","temperature":0,"avg_logprob":-0.1297607421875,"compression_ratio":1.8758169934640523,"no_speech_prob":0.0031719207763671875,"words":[]},{"start":1394.28,"end":1398.36,"text":" in terms of how we can build by building all this on chain and by turning everything into a coin","temperature":0,"avg_logprob":-0.11506696428571428,"compression_ratio":1.9081967213114754,"no_speech_prob":0.0002913475036621094,"words":[]},{"start":1398.36,"end":1403.08,"text":" is that we can compose all these coins. Zora is doing this in another way where, you know, you","temperature":0,"avg_logprob":-0.11506696428571428,"compression_ratio":1.9081967213114754,"no_speech_prob":0.0002913475036621094,"words":[]},{"start":1403.08,"end":1407.48,"text":" create a crater coin that's kind of long running and then each pair of each piece of content you","temperature":0,"avg_logprob":-0.11506696428571428,"compression_ratio":1.9081967213114754,"no_speech_prob":0.0002913475036621094,"words":[]},{"start":1407.48,"end":1412.12,"text":" post is paired with that crater coin. And so that all demand for your content is also demand for","temperature":0,"avg_logprob":-0.11506696428571428,"compression_ratio":1.9081967213114754,"no_speech_prob":0.0002913475036621094,"words":[]},{"start":1412.12,"end":1415.6399999999999,"text":" your crater coin. We're going to be bringing that into the base app as well. I'm starting with","temperature":0,"avg_logprob":-0.11506696428571428,"compression_ratio":1.9081967213114754,"no_speech_prob":0.0002913475036621094,"words":[]},{"start":1415.6399999999999,"end":1420.36,"text":" letting people import those crater coins so you can just use yours and it will be auto paired. And so","temperature":0,"avg_logprob":-0.11506696428571428,"compression_ratio":1.9081967213114754,"no_speech_prob":0.0002913475036621094,"words":[]},{"start":1420.44,"end":1425.8000000000002,"text":" that kind of mechanism and the ability for us to kind of like route all of this value and","temperature":0,"avg_logprob":-0.10184762773722628,"compression_ratio":1.843450479233227,"no_speech_prob":0.0041961669921875,"words":[]},{"start":1425.8000000000002,"end":1430.1200000000001,"text":" compose it in new novel ways. I'm so excited about the potential there. And I think there's a lot","temperature":0,"avg_logprob":-0.10184762773722628,"compression_ratio":1.843450479233227,"no_speech_prob":0.0041961669921875,"words":[]},{"start":1430.1200000000001,"end":1434.92,"text":" of stigma about coins that we're still working through candidly. People are very fearful about them.","temperature":0,"avg_logprob":-0.10184762773722628,"compression_ratio":1.843450479233227,"no_speech_prob":0.0041961669921875,"words":[]},{"start":1434.92,"end":1439.16,"text":" But when you just look at the surface area of what we can do with them and then you look at the","temperature":0,"avg_logprob":-0.10184762773722628,"compression_ratio":1.843450479233227,"no_speech_prob":0.0041961669921875,"words":[]},{"start":1439.16,"end":1443.72,"text":" real world experiences that people are having with them like real creators. I think it's pretty","temperature":0,"avg_logprob":-0.10184762773722628,"compression_ratio":1.843450479233227,"no_speech_prob":0.0041961669921875,"words":[]},{"start":1443.72,"end":1448.5200000000002,"text":" incredible. And there's I'm just so excited about the opportunity. Right. It sounds like you are","temperature":0,"avg_logprob":-0.10184762773722628,"compression_ratio":1.843450479233227,"no_speech_prob":0.0041961669921875,"words":[]},{"start":1448.52,"end":1454.04,"text":" trying to plum together this network finding tweaking the right balance of like we you know we have","temperature":0,"avg_logprob":-0.20601365546218486,"compression_ratio":1.8846153846153846,"no_speech_prob":0.00388336181640625,"words":[]},{"start":1454.04,"end":1459.48,"text":" algorithms and social in web too. And this now the same algorithm is actually more about like okay","temperature":0,"avg_logprob":-0.20601365546218486,"compression_ratio":1.8846153846153846,"no_speech_prob":0.00388336181640625,"words":[]},{"start":1459.48,"end":1463.6399999999999,"text":" payouts. What's the right way to balance a payout in the right way and orchestrate it. And rather","temperature":0,"avg_logprob":-0.20601365546218486,"compression_ratio":1.8846153846153846,"no_speech_prob":0.00388336181640625,"words":[]},{"start":1463.6399999999999,"end":1469.32,"text":" that being the algorithm that goes viral it's the payout mechanism that's market. It's the market.","temperature":0,"avg_logprob":-0.20601365546218486,"compression_ratio":1.8846153846153846,"no_speech_prob":0.00388336181640625,"words":[]},{"start":1469.32,"end":1474.36,"text":" It's a free market. Well, we've basically done is we've taken all this content that we know is","temperature":0,"avg_logprob":-0.20601365546218486,"compression_ratio":1.8846153846153846,"no_speech_prob":0.00388336181640625,"words":[]},{"start":1474.3600000000001,"end":1479.0000000000002,"text":" incredibly valuable because people have built trillion dollar businesses around it multiple trillion","temperature":0,"avg_logprob":-0.10599163385826772,"compression_ratio":2.0476190476190474,"no_speech_prob":0.005382537841796875,"words":[]},{"start":1479.0000000000002,"end":1484.0400000000002,"text":" dollar businesses around it. And we've brought it on changing to the free market where before it was","temperature":0,"avg_logprob":-0.10599163385826772,"compression_ratio":2.0476190476190474,"no_speech_prob":0.005382537841796875,"words":[]},{"start":1484.0400000000002,"end":1488.2,"text":" one corporation that was valuing that thing and then monetizing it through things like advertising","temperature":0,"avg_logprob":-0.10599163385826772,"compression_ratio":2.0476190476190474,"no_speech_prob":0.005382537841796875,"words":[]},{"start":1488.2,"end":1492.44,"text":" or subscriptions or whatever other monetization method that they chose. And we're saying no now we're","temperature":0,"avg_logprob":-0.10599163385826772,"compression_ratio":2.0476190476190474,"no_speech_prob":0.005382537841796875,"words":[]},{"start":1492.44,"end":1496.7600000000002,"text":" going to let the free the free market value your content. And then we're going to kind of use the","temperature":0,"avg_logprob":-0.10599163385826772,"compression_ratio":2.0476190476190474,"no_speech_prob":0.005382537841796875,"words":[]},{"start":1496.7600000000002,"end":1501.72,"text":" free market and all of the kind of like economics off flows that come from the free market to reroute","temperature":0,"avg_logprob":-0.10599163385826772,"compression_ratio":2.0476190476190474,"no_speech_prob":0.005382537841796875,"words":[]},{"start":1501.72,"end":1506.04,"text":" that value back to the creators and back to the people who are engaging with the content. And we","temperature":0,"avg_logprob":-0.15647810218978103,"compression_ratio":1.83596214511041,"no_speech_prob":0.00970458984375,"words":[]},{"start":1506.04,"end":1510.68,"text":" think that that is just a much stronger foundation for us to build this next generation of social","temperature":0,"avg_logprob":-0.15647810218978103,"compression_ratio":1.83596214511041,"no_speech_prob":0.00970458984375,"words":[]},{"start":1510.68,"end":1516.2,"text":" networks. I think the concept of a market based algorithm social media algorithm can nerds knife","temperature":0,"avg_logprob":-0.15647810218978103,"compression_ratio":1.83596214511041,"no_speech_prob":0.00970458984375,"words":[]},{"start":1516.2,"end":1520.2,"text":" a bunch of people. And I'm looking forward to getting that seeing that again. Yeah, and I think","temperature":0,"avg_logprob":-0.15647810218978103,"compression_ratio":1.83596214511041,"no_speech_prob":0.00970458984375,"words":[]},{"start":1520.2,"end":1524.6000000000001,"text":" I think that there's a lot of like yeah, there's a lot of cultural stigma and resistance to this.","temperature":0,"avg_logprob":-0.15647810218978103,"compression_ratio":1.83596214511041,"no_speech_prob":0.00970458984375,"words":[]},{"start":1524.6000000000001,"end":1530.6000000000001,"text":" And but if you look at the the truth is what what has the best product market fit in crypto it's","temperature":0,"avg_logprob":-0.15647810218978103,"compression_ratio":1.83596214511041,"no_speech_prob":0.00970458984375,"words":[]},{"start":1530.6000000000001,"end":1538.2,"text":" coins. Right. Yeah, right. Whether those are pump meme coins or those are ICOs like it's always","temperature":0,"avg_logprob":-0.1981823979591837,"compression_ratio":1.5899581589958158,"no_speech_prob":0.004070281982421875,"words":[]},{"start":1538.2,"end":1544.5200000000002,"text":" been coins. And that's because it's the most liquid most composable form factor. That's actually","temperature":0,"avg_logprob":-0.1981823979591837,"compression_ratio":1.5899581589958158,"no_speech_prob":0.004070281982421875,"words":[]},{"start":1544.5200000000002,"end":1550.92,"text":" pretty easy for people to understand. Like I was I onboarded my my trainer that I work with","temperature":0,"avg_logprob":-0.1981823979591837,"compression_ratio":1.5899581589958158,"no_speech_prob":0.004070281982421875,"words":[]},{"start":1550.92,"end":1556.3600000000001,"text":" this morning. And I was like yeah, like every post is an asset and people can buy it and you're","temperature":0,"avg_logprob":-0.1981823979591837,"compression_ratio":1.5899581589958158,"no_speech_prob":0.004070281982421875,"words":[]},{"start":1556.44,"end":1562.8400000000001,"text":" from it. You're your gym trainer, personal trainer. Yeah, you're like, hey, download the base app","temperature":0,"avg_logprob":-0.2555970149253731,"compression_ratio":1.7843866171003717,"no_speech_prob":0.0185394287109375,"words":[]},{"start":1562.8400000000001,"end":1568.7600000000002,"text":" and go buy. We know we talk about all stuff. And I was like, yeah, the base app. And I was like,","temperature":0,"avg_logprob":-0.2555970149253731,"compression_ratio":1.7843866171003717,"no_speech_prob":0.0185394287109375,"words":[]},{"start":1568.7600000000002,"end":1573.3200000000002,"text":" you can you can post and you know, earn and do chat. And he was like, can I get that now?","temperature":0,"avg_logprob":-0.2555970149253731,"compression_ratio":1.7843866171003717,"no_speech_prob":0.0185394287109375,"words":[]},{"start":1573.3200000000002,"end":1578.1200000000001,"text":" Like it wasn't me like forcing it on him. Like the first time the messaging actually really resonated.","temperature":0,"avg_logprob":-0.2555970149253731,"compression_ratio":1.7843866171003717,"no_speech_prob":0.0185394287109375,"words":[]},{"start":1578.1200000000001,"end":1583.16,"text":" And I mean, he just made his first post and he earned like whatever $10 on it. And you know,","temperature":0,"avg_logprob":-0.2555970149253731,"compression_ratio":1.7843866171003717,"no_speech_prob":0.0185394287109375,"words":[]},{"start":1583.16,"end":1586.1200000000001,"text":" now he's going to keep posting fitness content. I was like, we need more fitness content.","temperature":0,"avg_logprob":-0.15301724137931033,"compression_ratio":1.6738351254480286,"no_speech_prob":0.00279998779296875,"words":[]},{"start":1586.1200000000001,"end":1591.64,"text":" So I don't want to give a voice to the skeptics for a moment. This is a tweet that's going around","temperature":0,"avg_logprob":-0.15301724137931033,"compression_ratio":1.6738351254480286,"no_speech_prob":0.00279998779296875,"words":[]},{"start":1591.64,"end":1598.8400000000001,"text":" from Brooke Lacey, who is just giving her honest take about what she experienced as a creator.","temperature":0,"avg_logprob":-0.15301724137931033,"compression_ratio":1.6738351254480286,"no_speech_prob":0.00279998779296875,"words":[]},{"start":1598.8400000000001,"end":1604.28,"text":" She onboarded the base app. And she just basically voiced a concern about, you know,","temperature":0,"avg_logprob":-0.15301724137931033,"compression_ratio":1.6738351254480286,"no_speech_prob":0.00279998779296875,"words":[]},{"start":1604.28,"end":1609.64,"text":" a flip people flipping coins that she created because she's a content creator. And in order for her","temperature":0,"avg_logprob":-0.15301724137931033,"compression_ratio":1.6738351254480286,"no_speech_prob":0.00279998779296875,"words":[]},{"start":1609.64,"end":1614.6000000000001,"text":" to get paid, she had to quote, I had to dump on them to get paid. And so she's a creator. She","temperature":0,"avg_logprob":-0.08533653846153846,"compression_ratio":1.7962382445141065,"no_speech_prob":0.0014324188232421875,"words":[]},{"start":1614.6000000000001,"end":1619.64,"text":" went to the coin. And she felt like in order to monetize the work, she had to dump the coins.","temperature":0,"avg_logprob":-0.08533653846153846,"compression_ratio":1.7962382445141065,"no_speech_prob":0.0014324188232421875,"words":[]},{"start":1619.64,"end":1623.8000000000002,"text":" I think this is kind of what you're talking about, which there's this like stigma around tokens","temperature":0,"avg_logprob":-0.08533653846153846,"compression_ratio":1.7962382445141065,"no_speech_prob":0.0014324188232421875,"words":[]},{"start":1623.8000000000002,"end":1627.64,"text":" and all of this kind of stuff. But I think this is kind of a giving a voice to some of the people","temperature":0,"avg_logprob":-0.08533653846153846,"compression_ratio":1.7962382445141065,"no_speech_prob":0.0014324188232421875,"words":[]},{"start":1627.64,"end":1632.5200000000002,"text":" that aren't aren't totally convinced about this model yet where we are really encouraging this","temperature":0,"avg_logprob":-0.08533653846153846,"compression_ratio":1.7962382445141065,"no_speech_prob":0.0014324188232421875,"words":[]},{"start":1632.5200000000002,"end":1637.88,"text":" consumer behavior that we've never really seen happen on its own before. Like collecting content","temperature":0,"avg_logprob":-0.08533653846153846,"compression_ratio":1.7962382445141065,"no_speech_prob":0.0014324188232421875,"words":[]},{"start":1637.88,"end":1643.24,"text":" inside of social media app is like a novel concept to basically everyone. And I think,","temperature":0,"avg_logprob":-0.11686197916666667,"compression_ratio":1.7030303030303031,"no_speech_prob":0.0013885498046875,"words":[]},{"start":1643.24,"end":1647.8000000000002,"text":" you know, crypto people understand it. But the rest of the world, it seems like we are trying to","temperature":0,"avg_logprob":-0.11686197916666667,"compression_ratio":1.7030303030303031,"no_speech_prob":0.0013885498046875,"words":[]},{"start":1647.8000000000002,"end":1651.72,"text":" really bootstrap this consumer behavior that we haven't seen before. So what gives you the","temperature":0,"avg_logprob":-0.11686197916666667,"compression_ratio":1.7030303030303031,"no_speech_prob":0.0013885498046875,"words":[]},{"start":1651.72,"end":1655.48,"text":" conviction that this is right? Yeah, it's a new consumer behavior. And we have a lot more work","temperature":0,"avg_logprob":-0.11686197916666667,"compression_ratio":1.7030303030303031,"no_speech_prob":0.0013885498046875,"words":[]},{"start":1655.48,"end":1661.16,"text":" to do, a to get it in the form factor and then be to explain it because it is complex. But I do","temperature":0,"avg_logprob":-0.11686197916666667,"compression_ratio":1.7030303030303031,"no_speech_prob":0.0013885498046875,"words":[]},{"start":1661.16,"end":1665.4,"text":" want to just respond to this directly, which is she says, and I had to dump on them to get paid.","temperature":0,"avg_logprob":-0.11686197916666667,"compression_ratio":1.7030303030303031,"no_speech_prob":0.0013885498046875,"words":[]},{"start":1665.4,"end":1669.48,"text":" And I'm hearing who's leading our social team just jumped in and replied and I replied as well.","temperature":0,"avg_logprob":-0.1190068493150685,"compression_ratio":1.8725490196078431,"no_speech_prob":0.00400543212890625,"words":[]},{"start":1669.48,"end":1673.96,"text":" But I want to be really clear to creators, you do not need to dump your coins to get paid.","temperature":0,"avg_logprob":-0.1190068493150685,"compression_ratio":1.8725490196078431,"no_speech_prob":0.00400543212890625,"words":[]},{"start":1674.8400000000001,"end":1679.8000000000002,"text":" And from where I'm sitting, I would not advise that you dump your coins. I think that it's","temperature":0,"avg_logprob":-0.1190068493150685,"compression_ratio":1.8725490196078431,"no_speech_prob":0.00400543212890625,"words":[]},{"start":1679.8000000000002,"end":1685.48,"text":" shortsighted. There's two ways you earn. One is from the attention and the fees that are generated","temperature":0,"avg_logprob":-0.1190068493150685,"compression_ratio":1.8725490196078431,"no_speech_prob":0.00400543212890625,"words":[]},{"start":1685.48,"end":1690.44,"text":" whenever someone buys or sells your coin. And that's just a stream of value to you. Anytime someone","temperature":0,"avg_logprob":-0.1190068493150685,"compression_ratio":1.8725490196078431,"no_speech_prob":0.00400543212890625,"words":[]},{"start":1690.44,"end":1694.68,"text":" buys a little bit or sells a little bit, you're going to get paid. And then two is that you earn","temperature":0,"avg_logprob":-0.1190068493150685,"compression_ratio":1.8725490196078431,"no_speech_prob":0.00400543212890625,"words":[]},{"start":1694.68,"end":1701.0800000000002,"text":" one percent when you create that thing. And so, you know, whenever the attention is going up,","temperature":0,"avg_logprob":-0.08537581699346405,"compression_ratio":1.9863945578231292,"no_speech_prob":0.0010480880737304688,"words":[]},{"start":1701.0800000000002,"end":1705.88,"text":" you're going to see more trading activity. And that's going to be this ongoing stream. If you","temperature":0,"avg_logprob":-0.08537581699346405,"compression_ratio":1.9863945578231292,"no_speech_prob":0.0010480880737304688,"words":[]},{"start":1705.88,"end":1710.1200000000001,"text":" look at that and you say, oh, but this post is small, I didn't earn that much. Well, not every post","temperature":0,"avg_logprob":-0.08537581699346405,"compression_ratio":1.9863945578231292,"no_speech_prob":0.0010480880737304688,"words":[]},{"start":1710.1200000000001,"end":1713.64,"text":" goes viral. Some posts are going to go viral. You're going to earn a ton from the fees. Some aren't","temperature":0,"avg_logprob":-0.08537581699346405,"compression_ratio":1.9863945578231292,"no_speech_prob":0.0010480880737304688,"words":[]},{"start":1713.64,"end":1718.8400000000001,"text":" going to go viral and you're going to earn less from the fees. But the thing to know is that if you","temperature":0,"avg_logprob":-0.08537581699346405,"compression_ratio":1.9863945578231292,"no_speech_prob":0.0010480880737304688,"words":[]},{"start":1718.8400000000001,"end":1723.64,"text":" don't sell, I think you're more likely to go viral in the future because there's actually people","temperature":0,"avg_logprob":-0.08537581699346405,"compression_ratio":1.9863945578231292,"no_speech_prob":0.0010480880737304688,"words":[]},{"start":1723.64,"end":1727,"text":" who are going to want to collect your content. Because if you're selling every piece of content,","temperature":0,"avg_logprob":-0.18847049689440995,"compression_ratio":1.8986928104575163,"no_speech_prob":0.00711822509765625,"words":[]},{"start":1727,"end":1731.48,"text":" you're saying, I don't believe in this content. And so, again, this education is, you know,","temperature":0,"avg_logprob":-0.18847049689440995,"compression_ratio":1.8986928104575163,"no_speech_prob":0.00711822509765625,"words":[]},{"start":1731.48,"end":1737.64,"text":" like, it's not investment. Yeah, a little bit. But also, it's just like, you know, if someone was","temperature":0,"avg_logprob":-0.18847049689440995,"compression_ratio":1.8986928104575163,"no_speech_prob":0.00711822509765625,"words":[]},{"start":1737.64,"end":1742.2800000000002,"text":" like, you know, selling everything that they got, like, I wouldn't want to invest in that content","temperature":0,"avg_logprob":-0.18847049689440995,"compression_ratio":1.8986928104575163,"no_speech_prob":0.00711822509765625,"words":[]},{"start":1742.2800000000002,"end":1747.16,"text":" or back them either. And so, again, like, I don't think this is on her. Like, we have to do a better","temperature":0,"avg_logprob":-0.18847049689440995,"compression_ratio":1.8986928104575163,"no_speech_prob":0.00711822509765625,"words":[]},{"start":1747.16,"end":1752.5200000000002,"text":" job explaining all this. But my guidance, and I think Ineerie said it here, is like, don't sell","temperature":0,"avg_logprob":-0.18847049689440995,"compression_ratio":1.8986928104575163,"no_speech_prob":0.00711822509765625,"words":[]},{"start":1752.6,"end":1757.08,"text":" that one percent. It's not worth it. Like, keep posting. Some of your posts are going to go viral.","temperature":0,"avg_logprob":-0.1146213503649635,"compression_ratio":1.7235494880546076,"no_speech_prob":0.0103302001953125,"words":[]},{"start":1757.08,"end":1763.4,"text":" You're going to earn. Brian Armstrong earned $150,000. He sold none. I earned like $30,000. I sold none.","temperature":0,"avg_logprob":-0.1146213503649635,"compression_ratio":1.7235494880546076,"no_speech_prob":0.0103302001953125,"words":[]},{"start":1763.4,"end":1769.08,"text":" Sierra earned like $3,000. He sold none. Like, people are earning a lot of money just from the fees.","temperature":0,"avg_logprob":-0.1146213503649635,"compression_ratio":1.7235494880546076,"no_speech_prob":0.0103302001953125,"words":[]},{"start":1769.08,"end":1773.8799999999999,"text":" And I think that's the sustainable way. Whereas a creator, you're monetizing your attention. And then","temperature":0,"avg_logprob":-0.1146213503649635,"compression_ratio":1.7235494880546076,"no_speech_prob":0.0103302001953125,"words":[]},{"start":1773.8799999999999,"end":1779.24,"text":" you're just holding your ownership because it's cool to own your content. And if you just do that,","temperature":0,"avg_logprob":-0.1146213503649635,"compression_ratio":1.7235494880546076,"no_speech_prob":0.0103302001953125,"words":[]},{"start":1779.24,"end":1783.56,"text":" then you can stop worrying. Right? You don't need to be feeling like, oh, am I dumping on my","temperature":0,"avg_logprob":-0.10382231404958678,"compression_ratio":1.6690140845070423,"no_speech_prob":0.0029811859130859375,"words":[]},{"start":1783.56,"end":1789.8,"text":" holders? Am I doing something wrong? No, you're not. All you're doing is earning from the attention.","temperature":0,"avg_logprob":-0.10382231404958678,"compression_ratio":1.6690140845070423,"no_speech_prob":0.0029811859130859375,"words":[]},{"start":1789.8,"end":1794.76,"text":" But you're holding your content just like everyone else is. And that's something that you can be","temperature":0,"avg_logprob":-0.10382231404958678,"compression_ratio":1.6690140845070423,"no_speech_prob":0.0029811859130859375,"words":[]},{"start":1794.76,"end":1799.8,"text":" proud of because it's awesome to own your content and to participate in this new system.","temperature":0,"avg_logprob":-0.10382231404958678,"compression_ratio":1.6690140845070423,"no_speech_prob":0.0029811859130859375,"words":[]},{"start":1799.8,"end":1806.36,"text":" Well, Jesse, congratulations on a brand new day one. And right now, I'm about to bring on Alex","temperature":0,"avg_logprob":-0.10382231404958678,"compression_ratio":1.6690140845070423,"no_speech_prob":0.0029811859130859375,"words":[]},{"start":1806.3600000000001,"end":1811.3200000000002,"text":" from Airdrome right after you for the second episode of of base day. What should I ask Alex?","temperature":0,"avg_logprob":-0.11434188741721854,"compression_ratio":1.7396449704142012,"no_speech_prob":0.022613525390625,"words":[]},{"start":1811.3200000000002,"end":1815.72,"text":" What are you excited about Airdrome? How does Airdrome fit into the base app or what do you think","temperature":0,"avg_logprob":-0.11434188741721854,"compression_ratio":1.7396449704142012,"no_speech_prob":0.022613525390625,"words":[]},{"start":1815.72,"end":1820.2800000000002,"text":" I should talk to him about? Yeah, I guess two things. And one is just building on this conversation.","temperature":0,"avg_logprob":-0.11434188741721854,"compression_ratio":1.7396449704142012,"no_speech_prob":0.022613525390625,"words":[]},{"start":1820.2800000000002,"end":1825.88,"text":" You know, Alex was a skeptic about content coins and kind of like how they worked and whether","temperature":0,"avg_logprob":-0.11434188741721854,"compression_ratio":1.7396449704142012,"no_speech_prob":0.022613525390625,"words":[]},{"start":1825.88,"end":1830.3600000000001,"text":" they would be good. And then he's kind of gone full circle where he's actually a really big believer","temperature":0,"avg_logprob":-0.11434188741721854,"compression_ratio":1.7396449704142012,"no_speech_prob":0.022613525390625,"words":[]},{"start":1830.3600000000001,"end":1835.4,"text":" now. And so I think it's worth asking him like, what chain? What did he see? What was his experience?","temperature":0,"avg_logprob":-0.11434188741721854,"compression_ratio":1.7396449704142012,"no_speech_prob":0.022613525390625,"words":[]},{"start":1835.4,"end":1839.8000000000002,"text":" I generally find it's always good to hear from skeptics who kind of had their perspective change","temperature":0,"avg_logprob":-0.13752140410958905,"compression_ratio":1.7357357357357357,"no_speech_prob":0.0037059783935546875,"words":[]},{"start":1839.8000000000002,"end":1844.3600000000001,"text":" just because it's a new perspective. And I'll just say I was a skeptic too. The first time Jacob","temperature":0,"avg_logprob":-0.13752140410958905,"compression_ratio":1.7357357357357357,"no_speech_prob":0.0037059783935546875,"words":[]},{"start":1844.3600000000001,"end":1847.5600000000002,"text":" Horn came to me and said, we're going to make everything a coin. I was like, that's crazy Jacob.","temperature":0,"avg_logprob":-0.13752140410958905,"compression_ratio":1.7357357357357357,"no_speech_prob":0.0037059783935546875,"words":[]},{"start":1847.5600000000002,"end":1851.48,"text":" We're definitely not going to do that. And through a lot of conversations and a lot of product","temperature":0,"avg_logprob":-0.13752140410958905,"compression_ratio":1.7357357357357357,"no_speech_prob":0.0037059783935546875,"words":[]},{"start":1851.48,"end":1855.0800000000002,"text":" building and iteration, I realized, oh, this is actually a way better tool for what we're trying.","temperature":0,"avg_logprob":-0.13752140410958905,"compression_ratio":1.7357357357357357,"no_speech_prob":0.0037059783935546875,"words":[]},{"start":1856.0400000000002,"end":1859.8000000000002,"text":" So that's the first thing. And then the second thing that I would love you to ask him about is","temperature":0,"avg_logprob":-0.13752140410958905,"compression_ratio":1.7357357357357357,"no_speech_prob":0.0037059783935546875,"words":[]},{"start":1860.68,"end":1867.32,"text":" kind of how does he see the asset issuance on base evolving, right?","temperature":0,"avg_logprob":-0.1457855504587156,"compression_ratio":1.6277372262773722,"no_speech_prob":0.00225067138671875,"words":[]},{"start":1868.36,"end":1870.36,"text":" One of the things I think is going to be really important as we're building this","temperature":0,"avg_logprob":-0.1457855504587156,"compression_ratio":1.6277372262773722,"no_speech_prob":0.00225067138671875,"words":[]},{"start":1870.36,"end":1875.24,"text":" a global economy is trying to get every asset onto base so they can be traded. And we're seeing this","temperature":0,"avg_logprob":-0.1457855504587156,"compression_ratio":1.6277372262773722,"no_speech_prob":0.00225067138671875,"words":[]},{"start":1875.24,"end":1881.3999999999999,"text":" happen with international stable coins and with content coins. And I just would love for folks to","temperature":0,"avg_logprob":-0.1457855504587156,"compression_ratio":1.6277372262773722,"no_speech_prob":0.00225067138671875,"words":[]},{"start":1881.3999999999999,"end":1887,"text":" hear his perspective on like, hey, how far we've come in the last two years from where we started.","temperature":0,"avg_logprob":-0.1457855504587156,"compression_ratio":1.6277372262773722,"no_speech_prob":0.00225067138671875,"words":[]},{"start":1887.08,"end":1891.24,"text":" And then be where he thinks that's going because aerodrome really sits at the middle of it.","temperature":0,"avg_logprob":-0.19074675324675325,"compression_ratio":1.6805555555555556,"no_speech_prob":0.0028896331787109375,"words":[]},{"start":1891.24,"end":1894.68,"text":" I think they're hands on with all of these builders who are starting to bring their assets. And","temperature":0,"avg_logprob":-0.19074675324675325,"compression_ratio":1.6805555555555556,"no_speech_prob":0.0028896331787109375,"words":[]},{"start":1894.68,"end":1898.92,"text":" I think I have a really good perspective. Jesse, thanks so much for joining me on Bankless TV.","temperature":0,"avg_logprob":-0.19074675324675325,"compression_ratio":1.6805555555555556,"no_speech_prob":0.0028896331787109375,"words":[]},{"start":1898.92,"end":1900.28,"text":" Thanks for having me. Here's.","temperature":0,"avg_logprob":-0.19074675324675325,"compression_ratio":1.6805555555555556,"no_speech_prob":0.0028896331787109375,"words":[]},{"start":1900.28,"end":1904.76,"text":" In the Wild West of DeFi, Stability and Innovation are everything, which is why you should check out","temperature":0,"avg_logprob":-0.19074675324675325,"compression_ratio":1.6805555555555556,"no_speech_prob":0.0028896331787109375,"words":[]},{"start":1904.76,"end":1910.12,"text":" Frax Finance, the protocol revolutionizing stable coins, DeFi and Rolex. The core of Frax Finance","temperature":0,"avg_logprob":-0.19074675324675325,"compression_ratio":1.6805555555555556,"no_speech_prob":0.0028896331787109375,"words":[]},{"start":1910.12,"end":1915.24,"text":" is Frax USD, which is backed by BlackRock's institutional fiddle fund. Frax designed Frax USD","temperature":0,"avg_logprob":-0.19074675324675325,"compression_ratio":1.6805555555555556,"no_speech_prob":0.0028896331787109375,"words":[]},{"start":1915.24,"end":1920.28,"text":" for besting class yields across DeFi, T-bills and carry trade returns all in one. Just head to","temperature":0,"avg_logprob":-0.20583677685950413,"compression_ratio":1.6263345195729537,"no_speech_prob":0.01427459716796875,"words":[]},{"start":1920.28,"end":1924.36,"text":" Frax.com, then stake it to earn some of the best yields in DeFi. Want even more?","temperature":0,"avg_logprob":-0.20583677685950413,"compression_ratio":1.6263345195729537,"no_speech_prob":0.01427459716796875,"words":[]},{"start":1924.36,"end":1929.56,"text":" Bridge your Frax USD over to the Frax still layer two for the same yield plus Frax still points","temperature":0,"avg_logprob":-0.20583677685950413,"compression_ratio":1.6263345195729537,"no_speech_prob":0.01427459716796875,"words":[]},{"start":1929.56,"end":1934.76,"text":" and explore Frax's diverse layer two ecosystem with protocols like curve, convex, and more all","temperature":0,"avg_logprob":-0.20583677685950413,"compression_ratio":1.6263345195729537,"no_speech_prob":0.01427459716796875,"words":[]},{"start":1934.76,"end":1939.64,"text":" rewarding early adopters. Frax isn't just a protocol. It's a digital nation powered by the","temperature":0,"avg_logprob":-0.20583677685950413,"compression_ratio":1.6263345195729537,"no_speech_prob":0.01427459716796875,"words":[]},{"start":1939.64,"end":1945.72,"text":" FXS token and governed by a global community. Acquire FXS through Frax.com or your go-to decks,","temperature":0,"avg_logprob":-0.18651574803149606,"compression_ratio":1.5865724381625441,"no_speech_prob":0.09002685546875,"words":[]},{"start":1945.72,"end":1949.64,"text":" stake it and help shape Frax nation's future. Ready to join the forefront of DeFi?","temperature":0,"avg_logprob":-0.18651574803149606,"compression_ratio":1.5865724381625441,"no_speech_prob":0.09002685546875,"words":[]},{"start":1949.64,"end":1954.68,"text":" Visit Frax.com now to start earning with Frax USD and staked Frax USD. And for Bankless","temperature":0,"avg_logprob":-0.18651574803149606,"compression_ratio":1.5865724381625441,"no_speech_prob":0.09002685546875,"words":[]},{"start":1954.68,"end":1960.2,"text":" listeners, you can use Frax.com slash R slash Bankless when bridging to Frax still for exclusive","temperature":0,"avg_logprob":-0.18651574803149606,"compression_ratio":1.5865724381625441,"no_speech_prob":0.09002685546875,"words":[]},{"start":1960.2,"end":1964.6000000000001,"text":" Fraxial perks and boosted rewards. Finance is the world's number one crypto exchange.","temperature":0,"avg_logprob":-0.18651574803149606,"compression_ratio":1.5865724381625441,"no_speech_prob":0.09002685546875,"words":[]},{"start":1964.6000000000001,"end":1968.5200000000002,"text":" Over 275 million users already trust their world-class security.","temperature":0,"avg_logprob":-0.1375,"compression_ratio":1.6419753086419753,"no_speech_prob":0.058319091796875,"words":[]},{"start":1968.5200000000002,"end":1972.3600000000001,"text":" Finance makes starting crypto as simple as it should be, whether it's learning about crypto","temperature":0,"avg_logprob":-0.1375,"compression_ratio":1.6419753086419753,"no_speech_prob":0.058319091796875,"words":[]},{"start":1972.3600000000001,"end":1976.92,"text":" on Binance Academy or browsing hundreds of assets and viewing your newly created portfolio in a","temperature":0,"avg_logprob":-0.1375,"compression_ratio":1.6419753086419753,"no_speech_prob":0.058319091796875,"words":[]},{"start":1976.92,"end":1981.64,"text":" clear easy-to-track dashboard. Binance helps you go at your own pace. For hard-core traders,","temperature":0,"avg_logprob":-0.1375,"compression_ratio":1.6419753086419753,"no_speech_prob":0.058319091796875,"words":[]},{"start":1981.64,"end":1986.1200000000001,"text":" Binance Pro opens up industry leading services for trading professionals with fully bespoke","temperature":0,"avg_logprob":-0.1375,"compression_ratio":1.6419753086419753,"no_speech_prob":0.058319091796875,"words":[]},{"start":1986.1200000000001,"end":1991.0000000000002,"text":" trading products, along with a suite of white-glob services for VIP and institutional clients.","temperature":0,"avg_logprob":-0.1375,"compression_ratio":1.6419753086419753,"no_speech_prob":0.058319091796875,"words":[]},{"start":1991,"end":1994.36,"text":" Need support? 24-7 customer service is on hand whenever you need it,","temperature":0,"avg_logprob":-0.1602879213483146,"compression_ratio":1.536,"no_speech_prob":0.0013885498046875,"words":[]},{"start":1994.36,"end":1997.08,"text":" and with some of the lowest fees and deepest liquidity in the market,","temperature":0,"avg_logprob":-0.1602879213483146,"compression_ratio":1.536,"no_speech_prob":0.0013885498046875,"words":[]},{"start":1997.08,"end":2002.36,"text":" it's no surprise why over 275 million users trust Binance for everything crypto.","temperature":0,"avg_logprob":-0.1602879213483146,"compression_ratio":1.536,"no_speech_prob":0.0013885498046875,"words":[]},{"start":2002.36,"end":2006.28,"text":" Download Binance today and get started in minutes. Binance is not available in certain countries,","temperature":0,"avg_logprob":-0.1602879213483146,"compression_ratio":1.536,"no_speech_prob":0.0013885498046875,"words":[]},{"start":2006.28,"end":2008.76,"text":" including the United States. Check its terms for more information.","temperature":0,"avg_logprob":-0.1602879213483146,"compression_ratio":1.536,"no_speech_prob":0.0013885498046875,"words":[]}],"vtt":"WEBVTT\n\n1\n00:00:00.000 --> 00:00:07.679\n Welcome, Bankless Nation to Bankless TV on this episode of Bankless TV.\n\n2\n00:00:07.679 --> 00:00:09.480\n We are covering the base ecosystem.\n\n3\n00:00:09.480 --> 00:00:10.480\n That's right.\n\n4\n00:00:10.480 --> 00:00:12.280\n It's base day on Bankless TV.\n\n5\n00:00:12.280 --> 00:00:17.199\n And to kick off, base day, we are bringing on the creator of base, Jesse Pollock, Jesse,\n\n6\n00:00:17.199 --> 00:00:18.879\n good to have you on.\n\n7\n00:00:18.879 --> 00:00:19.879\n Thanks for having me.\n\n8\n00:00:19.879 --> 00:00:20.879\n Excited to be here.\n\n9\n00:00:20.879 --> 00:00:21.879\n Happy base day.\n\n10\n00:00:21.879 --> 00:00:22.879\n Happy base day.\n\n11\n00:00:22.879 --> 00:00:23.879\n Yeah.\n\n12\n00:00:23.879 --> 00:00:24.879\n Fridays are base day.\n\n13\n00:00:24.879 --> 00:00:25.879\n And then every other base day.\n\n14\n00:00:25.879 --> 00:00:26.879\n Every other day is base day as well.\n\n15\n00:00:26.879 --> 00:00:27.879\n I believe that's how that works.\n\n16\n00:00:27.879 --> 00:00:28.879\n I think that's right.\n\n17\n00:00:28.879 --> 00:00:29.879\n Base era.\n\n18\n00:00:29.879 --> 00:00:30.879\n Base era.\n\n19\n00:00:30.879 --> 00:00:32.280\n Basically, to think every day is base day.\n\n20\n00:00:32.280 --> 00:00:39.439\n I thought your guys is naming of your marketing, your announcement day of a new day one was\n\n21\n00:00:39.439 --> 00:00:40.439\n pretty clever.\n\n22\n00:00:40.439 --> 00:00:44.399\n Because it's like, okay, it's actually the next, next, it's the next thing, but it's\n\n23\n00:00:44.399 --> 00:00:45.399\n still day one.\n\n24\n00:00:45.399 --> 00:00:46.399\n Still day one.\n\n25\n00:00:46.399 --> 00:00:47.399\n It's the next chapter.\n\n26\n00:00:47.399 --> 00:00:52.000\n It really felt natural for us because we were unveiling a new brand, we were kind of\n\n27\n00:00:52.000 --> 00:00:56.759\n bringing a new product experience that let a lot more people in the world actually experience\n\n28\n00:00:56.759 --> 00:01:00.439\n base firsthand in a way that's understandable to market.\n\n29\n00:01:00.439 --> 00:01:04.879\n But I think with both of those, we felt like it was still very early, like we haven't\n\n30\n00:01:04.879 --> 00:01:07.120\n solved any of the problems fully yet.\n\n31\n00:01:07.120 --> 00:01:10.679\n We have, I think, a good line of sight on how we're going to, but we have so much more\n\n32\n00:01:10.679 --> 00:01:11.679\n work to do.\n\n33\n00:01:11.679 --> 00:01:14.159\n And so that mindset of it's still day one, we got a lot more work to do, it's really\n\n34\n00:01:14.159 --> 00:01:15.799\n important for the team.\n\n35\n00:01:15.799 --> 00:01:21.400\n My understanding of the base app is it is the just consumer front end to the base chain.\n\n36\n00:01:21.400 --> 00:01:26.319\n And so blockchains are plumbing, blockchains are software, they are back end infrastructure.\n\n37\n00:01:26.720 --> 00:01:31.320\n But we know that they can be more than just plain, dumb asset ledgers, they can do more\n\n38\n00:01:31.320 --> 00:01:32.640\n than that.\n\n39\n00:01:32.640 --> 00:01:36.720\n And to me, when I saw the presentation of the base app, I was like, oh, this is coin\n\n40\n00:01:36.720 --> 00:01:43.760\n base, this is Jesse putting a cosmetic, interactive consumer pointing way to interact with\n\n41\n00:01:43.760 --> 00:01:44.760\n base.\n\n42\n00:01:44.760 --> 00:01:45.760\n Is that how you think about it?\n\n43\n00:01:45.760 --> 00:01:47.560\n I think that's roughly right.\n\n44\n00:01:47.560 --> 00:01:48.960\n Two slight shifts, I would say.\n\n45\n00:01:48.960 --> 00:01:51.800\n One is that we think that the base app is going to be your front door to everything\n\n46\n00:01:51.800 --> 00:01:52.800\n on chain.\n\n47\n00:01:52.800 --> 00:01:53.800\n So it's not just base chain.\n\n48\n00:01:54.119 --> 00:01:57.519\n It's like a component of the infrastructure, but we've really always thought about bases\n\n49\n00:01:57.519 --> 00:02:01.239\n being a bridge on an island, we want to make it possible for everyone to come and do\n\n50\n00:02:01.239 --> 00:02:04.920\n whatever they want on chain, whether that's on base chain or somewhere else.\n\n51\n00:02:04.920 --> 00:02:07.399\n And so that's the mindset we're going to be bringing towards this.\n\n52\n00:02:07.399 --> 00:02:11.240\n And then to your broader point, I think that that's actually like exactly right, you\n\n53\n00:02:11.240 --> 00:02:15.319\n know, the thing that we've seen over the last two years is that we've really clearly\n\n54\n00:02:15.319 --> 00:02:19.439\n articulated this vision of bringing the world on chain of building a global economy,\n\n55\n00:02:19.439 --> 00:02:23.439\n but really the only people who it's resonated with have been builders.\n\n56\n00:02:23.439 --> 00:02:26.879\n Because they could actually get in the weeds and like build on base chain and experience,\n\n57\n00:02:26.879 --> 00:02:30.639\n oh my god, this is such a better developer platform for all the things I want to do.\n\n58\n00:02:30.639 --> 00:02:34.120\n And then they could connect that up to this idea of the global economy and this new next\n\n59\n00:02:34.120 --> 00:02:36.120\n generation of the internet that we're building.\n\n60\n00:02:36.120 --> 00:02:40.439\n But when we talked to our friends and family or the random person on the street, we were\n\n61\n00:02:40.439 --> 00:02:44.280\n like, we're building a global economy and they were like, what are you talking about?\n\n62\n00:02:44.280 --> 00:02:49.039\n And we were then like, here's Coinbase wallet and like bases in here and like, they just\n\n63\n00:02:49.039 --> 00:02:49.879\n didn't get it.\n\n64\n00:02:49.879 --> 00:02:53.639\n We did not have a product that matched the vision.\n\n65\n00:02:53.639 --> 00:02:57.359\n And really the way I think about the base app is that for the first time, we have a product\n\n66\n00:02:57.359 --> 00:02:58.639\n that matches the vision.\n\n67\n00:02:58.639 --> 00:03:00.159\n The base app isn't everything app.\n\n68\n00:03:00.159 --> 00:03:05.799\n You can come in, you can post, you can earn, you can chat with your friends, you can explore\n\n69\n00:03:05.799 --> 00:03:11.840\n thousands of apps, you can trade, you can pay, and all of it works in this totally seamless\n\n70\n00:03:11.840 --> 00:03:16.439\n interoperable connected app that is available to anyone in the world.\n\n71\n00:03:16.439 --> 00:03:20.879\n And that I think is the first time where we've really had that consumer experience where\n\n72\n00:03:20.879 --> 00:03:24.719\n I could give that to my mom and I have given it to my mom and my friends and people immediately\n\n73\n00:03:24.719 --> 00:03:25.719\n get it.\n\n74\n00:03:25.719 --> 00:03:27.520\n And they're like, oh, this is fucking awesome.\n\n75\n00:03:27.520 --> 00:03:31.159\n And then they resonate with this idea, oh, we're building a new global economy, we're\n\n76\n00:03:31.159 --> 00:03:33.960\n building the next generation of the internet because they can actually experience themselves\n\n77\n00:03:33.960 --> 00:03:34.960\n firsthand.\n\n78\n00:03:34.960 --> 00:03:39.960\n You know, in 2025, it seems to me there's a convergence of a bunch of different companies\n\n79\n00:03:39.960 --> 00:03:43.120\n attempting to build out a new social media platform.\n\n80\n00:03:43.120 --> 00:03:47.560\n And I know the base app is an everything app and so it's social plus other things and\n\n81\n00:03:47.560 --> 00:03:48.560\n we'll talk about other things.\n\n82\n00:03:48.560 --> 00:03:51.319\n But I want to focus on the social side for just a moment.\n\n83\n00:03:51.319 --> 00:03:56.800\n We have, you know, brewing rumors that Sam Altman and OpenAI want to build out a social\n\n84\n00:03:56.800 --> 00:04:01.560\n media application that goes hand in hand with chat GPT and you can kind of squint and you\n\n85\n00:04:01.560 --> 00:04:06.200\n can integrate, like, world ID, his investment with world ID into that same whole thing,\n\n86\n00:04:06.200 --> 00:04:11.480\n like making sure a proof of personhood based social media application.\n\n87\n00:04:11.480 --> 00:04:15.440\n And then there's been a number of temps of just like, you know, next generation social\n\n88\n00:04:15.440 --> 00:04:20.800\n media apps kind of as an understanding of like Web2 is like kind of cooked.\n\n89\n00:04:20.800 --> 00:04:23.080\n My Twitter experience is just so broken.\n\n90\n00:04:23.080 --> 00:04:24.400\n The reply guys are terrible.\n\n91\n00:04:24.400 --> 00:04:31.200\n You know, Reddit is, you know, indistinguishable from bots, you know, Instagram, Snapchat, these\n\n92\n00:04:31.200 --> 00:04:36.800\n highly social Web2 apps are pretty buffered from the penetration of AI.\n\n93\n00:04:36.879 --> 00:04:42.280\n There's a lot of like Web2's social media platforms that don't really seem to be trending\n\n94\n00:04:42.280 --> 00:04:44.040\n in the best direction.\n\n95\n00:04:44.040 --> 00:04:47.520\n And so that downstream of that, there's been a lot of investment into building out a new\n\n96\n00:04:47.520 --> 00:04:49.160\n social media app.\n\n97\n00:04:49.160 --> 00:04:52.400\n And now Coinbase and Base have a social media app.\n\n98\n00:04:52.400 --> 00:04:56.080\n If you look at, if you go open up the base app, I think that would be somebody's like first\n\n99\n00:04:56.080 --> 00:04:57.080\n impression.\n\n100\n00:04:57.080 --> 00:05:00.600\n If they didn't know exactly what's behind the scenes here, they down there downloading\n\n101\n00:05:00.600 --> 00:05:03.199\n this app and be like, oh, this is a social media app.\n\n102\n00:05:03.199 --> 00:05:05.600\n I think that's probably a pretty fair justified first impression.\n\n103\n00:05:05.600 --> 00:05:08.720\n How do you think about that in the grand scheme of just like social media broadly?\n\n104\n00:05:08.720 --> 00:05:09.720\n Yeah.\n\n105\n00:05:09.720 --> 00:05:13.760\n Well, I think over the last 20 years, we've seen that there's been so much good that come\n\n106\n00:05:13.760 --> 00:05:15.280\n with social media on the internet, right?\n\n107\n00:05:15.280 --> 00:05:18.879\n Like for the first time, you've given, you know, hundreds of millions of people to platform\n\n108\n00:05:18.879 --> 00:05:22.040\n where they could share their creativity, their thoughts, they could connect with people all\n\n109\n00:05:22.040 --> 00:05:23.360\n around the world.\n\n110\n00:05:23.360 --> 00:05:26.600\n But at the same time, well, I think that provided a lot of good.\n\n111\n00:05:26.600 --> 00:05:31.960\n The realities of the way those social media platforms worked meant that for the most part,\n\n112\n00:05:31.959 --> 00:05:35.959\n the creators who are actually bringing their creativity to the internet have kind of\n\n113\n00:05:35.959 --> 00:05:38.879\n gotten a raw deal in the economics of all of it.\n\n114\n00:05:38.879 --> 00:05:43.479\n Like if you look at the economics, like creators are in less than 5% of the overall earnings\n\n115\n00:05:43.479 --> 00:05:44.479\n of these big platforms.\n\n116\n00:05:44.479 --> 00:05:50.560\n And I think what that's led to is basically, you have this like bubbling discontent where\n\n117\n00:05:50.560 --> 00:05:54.039\n people are feeling like, oh, there's some good stuff here.\n\n118\n00:05:54.039 --> 00:06:00.000\n But also there's something fundamentally broken in how this is working for me as a creator.\n\n119\n00:06:00.000 --> 00:06:02.720\n Because I'm the one who's bringing my creativity to these platforms.\n\n120\n00:06:02.720 --> 00:06:04.839\n And then someone else is profiting off it.\n\n121\n00:06:04.839 --> 00:06:10.399\n And so that bubbling discontent, that's something that I think I hear and see in like every\n\n122\n00:06:10.399 --> 00:06:14.600\n first conversation about the base app where people intuitively and immediately get it.\n\n123\n00:06:14.600 --> 00:06:19.319\n They understand, oh, the existing system is broken and we need to build a new system.\n\n124\n00:06:19.319 --> 00:06:21.199\n And this is the way we think about the base app.\n\n125\n00:06:21.199 --> 00:06:23.879\n It's not just a new social media app.\n\n126\n00:06:23.879 --> 00:06:28.680\n It's really the first time where I think we've started to see what a social media app and\n\n127\n00:06:28.680 --> 00:06:31.920\n a super app can look like when it is built on open protocols.\n\n128\n00:06:31.920 --> 00:06:34.120\n You know, base is built on Ethereum.\n\n129\n00:06:34.120 --> 00:06:39.160\n And then it's built on XMTP and Farcasfer and Zora and Eradro and Uniswap.\n\n130\n00:06:39.160 --> 00:06:43.319\n We basically stitched together all of these open protocols that work together because they're\n\n131\n00:06:43.319 --> 00:06:49.319\n built on the shared foundation and made it so that when you post in base app, you earn.\n\n132\n00:06:49.319 --> 00:06:53.439\n Because the new foundation, this decentralized foundation that we're building on is actually\n\n133\n00:06:53.439 --> 00:06:56.000\n structured in such a way that it's built for creators.\n\n134\n00:06:56.279 --> 00:07:00.519\n And it's built for the people who are using the app that they benefit from their creativity.\n\n135\n00:07:00.519 --> 00:07:06.480\n And I think that is this sea change that it's a little bit hard to see if you're new to\n\n136\n00:07:06.480 --> 00:07:09.480\n the space because it still looks the same.\n\n137\n00:07:09.480 --> 00:07:12.680\n But it's almost like we've like swapped out the engine of the plane while we're still\n\n138\n00:07:12.680 --> 00:07:13.680\n flying it.\n\n139\n00:07:13.680 --> 00:07:17.680\n And now we have this new foundation that we can build on that's going to unlock a ton of\n\n140\n00:07:17.680 --> 00:07:22.959\n value for creators and I think unlock a ton of just opportunity in terms of what we can\n\n141\n00:07:22.959 --> 00:07:24.839\n do from a product experience perspective.\n\n142\n00:07:24.920 --> 00:07:26.960\n I think mini apps are a great example of this.\n\n143\n00:07:26.960 --> 00:07:30.840\n One of the things we get from building on this open platform is that we have these\n\n144\n00:07:30.840 --> 00:07:35.240\n composable mini apps that just work in the feed and just work in messaging.\n\n145\n00:07:35.240 --> 00:07:39.200\n So you can be scrolling the feed and see something cool, tap it and immediately check\n\n146\n00:07:39.200 --> 00:07:40.200\n out.\n\n147\n00:07:40.200 --> 00:07:44.000\n And that whole experience is built by a third party developer where they can control their\n\n148\n00:07:44.000 --> 00:07:45.280\n user experience there.\n\n149\n00:07:45.280 --> 00:07:48.560\n Then you can send that to your friend in a group chat and they can do the same thing.\n\n150\n00:07:48.560 --> 00:07:52.000\n And so I just think we're just starting to scratch the surface on this.\n\n151\n00:07:52.000 --> 00:07:58.199\n But I do think that we've kind of started like a shift, that's pretty big one to this\n\n152\n00:07:58.199 --> 00:07:59.199\n new way of building.\n\n153\n00:07:59.199 --> 00:08:03.199\n I'm going to share my screen here and show some tweets and talk about some of the commentary\n\n154\n00:08:03.199 --> 00:08:05.319\n that has come out of the announcement of the base app.\n\n155\n00:08:05.319 --> 00:08:09.279\n So this one is from Nikhil Eath's just got a special invite to the base app.\n\n156\n00:08:09.279 --> 00:08:12.959\n First impression would be it's the everything app payments, social apps, chat, script\n\n157\n00:08:12.959 --> 00:08:13.959\n or you name it.\n\n158\n00:08:13.959 --> 00:08:14.959\n Everything is here.\n\n159\n00:08:14.959 --> 00:08:18.279\n I think that's kind of highlighting some of the maybe superpowers that I think you've\n\n160\n00:08:18.280 --> 00:08:19.880\n integrated into the base app.\n\n161\n00:08:19.880 --> 00:08:24.880\n There's a lot of protocols that are integrated, like you said, the base chain is integrated\n\n162\n00:08:24.880 --> 00:08:25.880\n built on Ethereum.\n\n163\n00:08:25.880 --> 00:08:32.600\n But then there's another EVM chains, including Ethereum and Optimism and Arbitrum and Polygon\n\n164\n00:08:32.600 --> 00:08:33.600\n and Avalanche.\n\n165\n00:08:33.600 --> 00:08:36.240\n And so again, we really want to make sure it's not just base chain.\n\n166\n00:08:36.240 --> 00:08:39.440\n This is an app that gives you access to everything in the on-chain economy, Salana and others\n\n167\n00:08:39.440 --> 00:08:40.440\n coming soon.\n\n168\n00:08:40.440 --> 00:08:41.440\n Certainly.\n\n169\n00:08:41.440 --> 00:08:42.680\n And that's just the chain side of things.\n\n170\n00:08:42.680 --> 00:08:44.360\n There's also like the FARCASER client.\n\n171\n00:08:44.360 --> 00:08:48.440\n There's just a bunch of protocols that you've kind of just legode together to build this\n\n172\n00:08:48.440 --> 00:08:52.720\n experience that other social media apps just don't have some of the superpowers you have\n\n173\n00:08:52.720 --> 00:08:57.159\n because you've integrated all these protocols, mainly money and tokens and finance and things\n\n174\n00:08:57.159 --> 00:08:59.159\n related to blockchains.\n\n175\n00:08:59.159 --> 00:09:00.800\n And I thought this tweet was pretty cool.\n\n176\n00:09:00.800 --> 00:09:04.840\n This is from a content creator who makes a bunch of clips on Twitter and he tweeted out\n\n177\n00:09:04.840 --> 00:09:07.680\n going viral on your first base app post.\n\n178\n00:09:07.680 --> 00:09:11.680\n And immediately getting a stream of creator earnings is an absolutely insane on-boarding\n\n179\n00:09:11.680 --> 00:09:12.680\n experience.\n\n180\n00:09:12.680 --> 00:09:18.640\n It's just scrolling down, saying like 0.01 ETH, 0.02 ETH receiving from people on-boarding\n\n181\n00:09:18.640 --> 00:09:21.040\n into the base app.\n\n182\n00:09:21.040 --> 00:09:22.040\n Now this is it.\n\n183\n00:09:22.040 --> 00:09:26.440\n This is really a crazy experience and this is what we're seeing really resonates with\n\n184\n00:09:26.440 --> 00:09:27.440\n creators.\n\n185\n00:09:27.440 --> 00:09:28.440\n And it's not just Jack.\n\n186\n00:09:28.440 --> 00:09:33.040\n You know, Jack made a few viral posts and I think he earned a couple thousand dollars.\n\n187\n00:09:33.040 --> 00:09:35.360\n You know, another woman, Sierra made a viral post yesterday.\n\n188\n00:09:35.360 --> 00:09:38.680\n She earned like $3,000 or maybe it was $8,000 I forget what.\n\n189\n00:09:39.400 --> 00:09:43.560\n The thing that we're seeing is that that experience, even if it's just a few cents, posting\n\n190\n00:09:43.560 --> 00:09:48.040\n something and then immediately earning and it's not like, oh, you have to get X followers,\n\n191\n00:09:48.040 --> 00:09:52.200\n oh, you have to live in Y country, oh, you have to wait 60 days for a payout.\n\n192\n00:09:52.200 --> 00:09:58.640\n The immediacy of my content is valuable and I'm earning for it is really, really profound.\n\n193\n00:09:58.640 --> 00:10:03.520\n And that's something that's when creators come in, it's hooking them.\n\n194\n00:10:03.519 --> 00:10:08.399\n And I think they're almost like feeling this realignment where they're feeling this\n\n195\n00:10:08.399 --> 00:10:13.439\n discontent with the existing system and then they experience this post and earn moment\n\n196\n00:10:13.439 --> 00:10:16.000\n and they're like intuitively rocking it.\n\n197\n00:10:16.000 --> 00:10:17.360\n They're like, oh, I get it.\n\n198\n00:10:17.360 --> 00:10:18.360\n Now I get it.\n\n199\n00:10:18.360 --> 00:10:19.360\n And I want to keep posting here.\n\n200\n00:10:19.360 --> 00:10:23.120\n And I think one thing that's really important about this is, you know, some people are going\n\n201\n00:10:23.120 --> 00:10:26.759\n to say, oh, but you know, only some posts are going to go viral and you're going to earn\n\n202\n00:10:26.759 --> 00:10:30.720\n or they look at my creator earnings or Brian's creator earnings, Brian earned like $150,000\n\n203\n00:10:30.720 --> 00:10:32.519\n over the last week of posting.\n\n204\n00:10:32.519 --> 00:10:36.399\n I've earned like $30,000 over the last week of posting and they're like, oh, but Jesse\n\n205\n00:10:36.399 --> 00:10:40.399\n and Brian are special and the truth is that, a, of course, you're not going to earn\n\n206\n00:10:40.399 --> 00:10:42.000\n and go viral on every post.\n\n207\n00:10:42.000 --> 00:10:43.399\n That's just like social media.\n\n208\n00:10:43.399 --> 00:10:47.079\n There's going to be a small number of posts that go viral where you earn the outsized\n\n209\n00:10:47.079 --> 00:10:48.519\n amount of your money.\n\n210\n00:10:48.519 --> 00:10:52.079\n And then of course, people with big audiences, I have 300,000 followers.\n\n211\n00:10:52.079 --> 00:10:55.840\n Brian has, you know, however many million followers, they're going to earn more.\n\n212\n00:10:55.840 --> 00:10:59.240\n That's because they have more distribution and that means it's easier for them to go viral.\n\n213\n00:10:59.240 --> 00:11:04.639\n And so, I think that, you know, people are looking for a reason why this isn't going\n\n214\n00:11:04.639 --> 00:11:05.639\n to work.\n\n215\n00:11:05.639 --> 00:11:09.240\n And I actually think if you start to put the hat on of like, holy crap, look at how well\n\n216\n00:11:09.240 --> 00:11:13.879\n it's working right now when there's like so few people using this and then extrapolate\n\n217\n00:11:13.879 --> 00:11:18.320\n that to like 100 million people or billion people in the network, all interacting with surface\n\n218\n00:11:18.320 --> 00:11:23.039\n areas where it's all interconnected with this value layer, I think there's just so much\n\n219\n00:11:23.039 --> 00:11:24.039\n opportunity.\n\n220\n00:11:24.039 --> 00:11:25.759\n We haven't really seen it get started.\n\n221\n00:11:25.759 --> 00:11:30.600\n So we as a society have seen social media apps, enough social media apps come where we\n\n222\n00:11:30.600 --> 00:11:34.120\n kind of understand a little bit of the science about how they grow.\n\n223\n00:11:34.120 --> 00:11:38.600\n And there's like that rule of thumb out there that like the people that are big on Twitter\n\n224\n00:11:38.600 --> 00:11:41.080\n aren't necessarily big on Instagram.\n\n225\n00:11:41.080 --> 00:11:44.639\n And yes, you can like port your audience or like a big Instagram earner can come to the\n\n226\n00:11:44.639 --> 00:11:48.759\n base app sign up and then get onboarded with a little bit of just like a bump just because\n\n227\n00:11:48.759 --> 00:11:51.639\n they're already, they already have influence in one domain.\n\n228\n00:11:51.639 --> 00:11:56.799\n But really the big people on Twitter grew with Twitter and they invested in Twitter specifically\n\n229\n00:11:56.799 --> 00:12:02.039\n and they learned to make their tweets resonate with the form factor.\n\n230\n00:12:02.039 --> 00:12:06.679\n And so there's one strategy for growing the base app, which is like let's get some\n\n231\n00:12:06.679 --> 00:12:09.360\n of the biggest influencers and get them on the base app.\n\n232\n00:12:09.360 --> 00:12:13.960\n But also there's going to be the organic strategy of well, this is a net new consumer\n\n233\n00:12:13.960 --> 00:12:14.960\n behavior.\n\n234\n00:12:14.960 --> 00:12:19.360\n There's going to be net new people that are successful on the social media side of\n\n235\n00:12:19.360 --> 00:12:24.639\n the base app that learn to build content that resonates with the form factor of the\n\n236\n00:12:24.639 --> 00:12:25.639\n base app.\n\n237\n00:12:25.639 --> 00:12:27.639\n Talk about the strategy of growing that cohort of people.\n\n238\n00:12:27.639 --> 00:12:28.639\n Yeah, 100%.\n\n239\n00:12:28.639 --> 00:12:31.800\n And of course, we're going to go get existing creators with scale audiences.\n\n240\n00:12:31.800 --> 00:12:36.039\n We're already seeing that, you know, like people are coming, coming over Gary V.\n\n241\n00:12:36.039 --> 00:12:38.120\n For instance, he's like so fired up about the base app.\n\n242\n00:12:38.120 --> 00:12:39.120\n He's coming over.\n\n243\n00:12:39.120 --> 00:12:40.120\n He's earning.\n\n244\n00:12:40.120 --> 00:12:41.120\n He's making money.\n\n245\n00:12:41.120 --> 00:12:42.120\n He's getting involved in that.\n\n246\n00:12:42.120 --> 00:12:45.800\n But I do think that you're actually spot on that the biggest opportunity is for new\n\n247\n00:12:45.800 --> 00:12:46.800\n creators.\n\n248\n00:12:46.800 --> 00:12:51.560\n It's the people who have create creativity inside of them and have been looking for where\n\n249\n00:12:51.560 --> 00:12:52.560\n to express it.\n\n250\n00:12:52.560 --> 00:12:59.320\n And the opportunity for them with base is to get in early and to start building an audience\n\n251\n00:12:59.320 --> 00:13:01.160\n from the ground floor with us.\n\n252\n00:13:01.160 --> 00:13:03.720\n Because right now there's only a few thousand people in the base app and we build on\n\n253\n00:13:03.720 --> 00:13:04.720\n forecasters.\n\n254\n00:13:04.720 --> 00:13:08.960\n So there's probably another few 10,000 people kind of in the network overall who are using\n\n255\n00:13:08.960 --> 00:13:09.960\n it daily.\n\n256\n00:13:09.960 --> 00:13:13.440\n But if you come in right now and you start posting and you start building an audience,\n\n257\n00:13:13.440 --> 00:13:16.160\n you have the opportunity to grow with us.\n\n258\n00:13:16.159 --> 00:13:19.439\n And so I don't think you should be coming into the base app and being like, oh, immediately\n\n259\n00:13:19.439 --> 00:13:21.519\n I'm just going to have massive distribution.\n\n260\n00:13:21.519 --> 00:13:25.399\n Instead you should be coming to the base app and saying, I'm early.\n\n261\n00:13:25.399 --> 00:13:31.559\n And if I am good and early, there is outsized potential for me to earn in this new network\n\n262\n00:13:31.559 --> 00:13:33.120\n that's being built right here.\n\n263\n00:13:33.120 --> 00:13:35.480\n And the thing that we're looking for, so if you're out there and you're a creator, the\n\n264\n00:13:35.480 --> 00:13:40.000\n thing that I'll say to you is we are going across every single content vertical, particularly\n\n265\n00:13:40.000 --> 00:13:48.120\n video content, fitness, food, makeup, you know, small business, like any content vertical,\n\n266\n00:13:48.120 --> 00:13:49.120\n you name it.\n\n267\n00:13:49.120 --> 00:13:53.320\n And we are trying to find the up and coming creators who don't have a big audience on\n\n268\n00:13:53.320 --> 00:13:54.639\n the existing platforms.\n\n269\n00:13:54.639 --> 00:13:59.279\n And then we're going to do everything we can to make you successful, make them successful.\n\n270\n00:13:59.279 --> 00:14:03.879\n Because those are the people who are going to help build this next generation of the internet.\n\n271\n00:14:03.879 --> 00:14:08.240\n And so if that's you, if you have a content type that you're really into, but you don't\n\n272\n00:14:08.240 --> 00:14:12.080\n have a big audience or you're not earning right now on existing social platforms, come\n\n273\n00:14:12.080 --> 00:14:13.080\n to the base app.\n\n274\n00:14:13.080 --> 00:14:16.080\n And we're going to help you earn, we're going to help you grow, you're going to grow with\n\n275\n00:14:16.080 --> 00:14:17.080\n us.\n\n276\n00:14:17.080 --> 00:14:20.639\n And then you're going to benefit from this collective force that's coming into this new\n\n277\n00:14:20.639 --> 00:14:22.039\n economy that we're building.\n\n278\n00:14:22.039 --> 00:14:27.840\n And the really, really important thing about this is that you can be anywhere, anywhere,\n\n279\n00:14:27.840 --> 00:14:31.240\n anywhere in the world, you can download the base app, you can get started and you can\n\n280\n00:14:31.240 --> 00:14:32.759\n get started earning.\n\n281\n00:14:32.759 --> 00:14:38.960\n And that means that the opportunity is basically open for everyone in the world.\n\n282\n00:14:38.960 --> 00:14:42.240\n And it's a level playing field for everyone in the world because you're starting at the\n\n283\n00:14:42.240 --> 00:14:43.240\n ground floor.\n\n284\n00:14:43.240 --> 00:14:44.240\n It doesn't matter where you're born.\n\n285\n00:14:44.240 --> 00:14:45.120\n It doesn't matter where you live.\n\n286\n00:14:45.120 --> 00:14:46.559\n It doesn't matter what phone you have.\n\n287\n00:14:46.559 --> 00:14:47.559\n You can get started.\n\n288\n00:14:47.559 --> 00:14:48.559\n You can get started earning.\n\n289\n00:14:48.559 --> 00:14:49.960\n And you can help us build this future.\n\n290\n00:14:49.960 --> 00:14:55.039\n Ever wonder how industry leading companies like Coinbase, Metamask and Phantomol build products\n\n291\n00:14:55.039 --> 00:14:58.039\n that always stay ahead of market shifts and new token listings?\n\n292\n00:14:58.039 --> 00:15:00.919\n It's because they all use the CoinGecko API.\n\n293\n00:15:00.920 --> 00:15:07.320\n The most reliable and comprehensive crypto data API backed by a rock solid 99.9% uptime\n\n294\n00:15:07.320 --> 00:15:08.320\n SLA.\n\n295\n00:15:08.320 --> 00:15:13.240\n Builders, analysts and businesses rely on CoinGecko for real time data on 9 million crypto\n\n296\n00:15:13.240 --> 00:15:17.880\n currencies across 1,500 exchanges and 200 different networks.\n\n297\n00:15:17.880 --> 00:15:23.800\n It goes beyond crypto prices to access liquidity, OHLCV, DEX data, metadata, NFT floor prices\n\n298\n00:15:23.800 --> 00:15:28.440\n and more, enabling your team to build and scale powerful products like wallets, oracles,\n\n299\n00:15:28.440 --> 00:15:32.520\n exchanges, AI agents and DeFi applications without limitations.\n\n300\n00:15:32.520 --> 00:15:36.520\n Onboarding is easy with clear documentation and enterprise grade support that answers\n\n301\n00:15:36.520 --> 00:15:39.640\n you faster than finality, 24-7 around the clock.\n\n302\n00:15:39.640 --> 00:15:42.840\n Supercharge your product and build with CoinGecko API today.\n\n303\n00:15:42.840 --> 00:15:50.360\n Head to gcko.io slash bankless10 and enter code bankless10 for 10% off any plan.\n\n304\n00:15:50.360 --> 00:15:53.760\n CoinGecko API, crypto's most trusted and reliable data source.\n\n305\n00:15:53.760 --> 00:15:56.440\n Ethereum's layer 2 universe is exploding with choices.\n\n306\n00:15:56.440 --> 00:15:59.960\n If you're looking for the best place to park and move your tokens, make your next stop\n\n307\n00:15:59.960 --> 00:16:00.960\n Unichain.\n\n308\n00:16:00.960 --> 00:16:01.960\n First, liquidity.\n\n309\n00:16:01.960 --> 00:16:05.880\n Unichain hosts the most liquid Uniswap V4 deployment on any layer 2, giving you deeper\n\n310\n00:16:05.880 --> 00:16:08.760\n pools for flagship pairs like each USDC.\n\n311\n00:16:08.760 --> 00:16:13.200\n More liquidity means better prices, less slippage and smoother swaps, exactly what traders\n\n312\n00:16:13.200 --> 00:16:14.200\n crave.\n\n313\n00:16:14.200 --> 00:16:15.200\n The numbers back it up.\n\n314\n00:16:15.200 --> 00:16:18.360\n Unichain leads all layer 2's in total value locked for Uniswap V4.\n\n315\n00:16:18.360 --> 00:16:21.080\n And it's not just deep, it's fast and fully transparent.\n\n316\n00:16:21.080 --> 00:16:24.120\n Purpose bill to be the home base for DeFi and cross chain liquidity.\n\n317\n00:16:24.120 --> 00:16:26.480\n When it comes to costs, Unichain is a no-brainer.\n\n318\n00:16:26.480 --> 00:16:30.960\n Transaction fees come in about 95% cheaper than Ethereum maintenance, slashing the price\n\n319\n00:16:30.960 --> 00:16:33.039\n of creating or accessing liquidity.\n\n320\n00:16:33.039 --> 00:16:34.440\n Want to stay in the loop on Unichain?\n\n321\n00:16:34.440 --> 00:16:38.320\n Visit Unichain.org or follow at Unichain on X for all the updates.\n\n322\n00:16:38.320 --> 00:16:42.039\n Imagine a world where traditional finance meets the power of blockchain seamlessly.\n\n323\n00:16:42.039 --> 00:16:44.840\n That's what mantle is pioneering, with blockchain for banking.\n\n324\n00:16:44.840 --> 00:16:48.600\n A revolutionary new category at the intersection of Trad5 and Web3.\n\n325\n00:16:48.600 --> 00:16:52.000\n At the heart is you are, the world's first money app built fully on chain.\n\n326\n00:16:52.000 --> 00:16:55.600\n It gives you a Swiss iBand account, blending fiat currencies like the Euro, the Swiss\n\n327\n00:16:55.600 --> 00:16:58.360\n Fronk, the United States dollar, or the Remembee, with crypto.\n\n328\n00:16:58.360 --> 00:16:59.360\n All in one place.\n\n329\n00:16:59.360 --> 00:17:03.279\n Enjoy real world usability and blockchains trust and programmability.\n\n330\n00:17:03.279 --> 00:17:06.759\n Transactions post directly to the blockchain, compatible with Trad5 Rails, and packed\n\n331\n00:17:06.759 --> 00:17:08.519\n with integrated DeFi futures.\n\n332\n00:17:08.519 --> 00:17:12.359\n You are, Transforms mantle network, into the ultimate platform for on-chain financial\n\n333\n00:17:12.359 --> 00:17:13.359\n services.\n\n334\n00:17:13.359 --> 00:17:18.960\n Unifying payments, trading, and assets like the MI4, the ME protocol, and functions FBTC.\n\n335\n00:17:18.960 --> 00:17:23.400\n Packed by developer grants, ecosystem incentives, and top distribution through the UR app,\n\n336\n00:17:23.400 --> 00:17:25.519\n reward stations, and buy-bit launch pool.\n\n337\n00:17:25.519 --> 00:17:30.519\n For MNT holders, every economic activity in UR drives value back to you, embodying\n\n338\n00:17:30.519 --> 00:17:34.200\n the entire stack and future growth of this super app ecosystem.\n\n339\n00:17:34.200 --> 00:17:38.319\n Follow mantle on X at mantle underscore official for the latest updates on blockchain\n\n340\n00:17:38.319 --> 00:17:39.319\n for banking.\n\n341\n00:17:39.319 --> 00:17:41.319\n That's x.com slash mantle underscore official.\n\n342\n00:17:41.319 --> 00:17:47.360\n I want to kind of explore what the optimized form factor of content looks like on the\n\n343\n00:17:47.360 --> 00:17:52.880\n base app, because I think Instagram, or Snapchat, or you know, pick your web to social.\n\n344\n00:17:52.880 --> 00:17:56.800\n It aligns with a certain style of content, and that style of content has been optimized\n\n345\n00:17:56.800 --> 00:18:00.920\n to go viral on Instagram, or, you know, same thing for Twitter, certain content goes\n\n346\n00:18:00.920 --> 00:18:04.320\n viral on Twitter, and it wouldn't really necessarily go viral anywhere else.\n\n347\n00:18:04.320 --> 00:18:09.360\n So for extending that same lesson to the base app, there's going to be a certain form\n\n348\n00:18:09.360 --> 00:18:15.360\n factor of content that is uniquely suited to go viral on the base app, and it leverages,\n\n349\n00:18:15.360 --> 00:18:19.200\n it's going to leverage some of the features of the base app mainly those creator earnings\n\n350\n00:18:19.200 --> 00:18:20.200\n probably.\n\n351\n00:18:20.200 --> 00:18:25.280\n And so the things that people are going to optimize for, the posters, the content creators,\n\n352\n00:18:25.280 --> 00:18:28.880\n creators are going to optimize for are going to be unique to the base app, and those\n\n353\n00:18:28.880 --> 00:18:34.400\n are there going to learn how to truly optimize their income, optimize their revenue.\n\n354\n00:18:34.400 --> 00:18:35.600\n What do you think that looks like?\n\n355\n00:18:35.600 --> 00:18:39.960\n What kind of content do you think you guys are emergently optimizing for at the base app,\n\n356\n00:18:39.960 --> 00:18:43.400\n because you guys are just hooked into chain features, such as like creator earnings?\n\n357\n00:18:43.880 --> 00:18:47.240\n Yeah, well, the first thing I'll say is that I do think a lot of people, their head goes\n\n358\n00:18:47.240 --> 00:18:52.360\n to like, how do we do like these economic systems with the creator earnings to like do something,\n\n359\n00:18:52.360 --> 00:18:57.160\n you know, kind of crazy fancy there, and that's going to be the thing, and I'm less convinced\n\n360\n00:18:57.160 --> 00:18:58.519\n that that's actually going to be the thing.\n\n361\n00:18:58.519 --> 00:19:03.000\n Like, what we're seeing mostly from creators is that once they turn on the monetization,\n\n362\n00:19:03.000 --> 00:19:07.080\n like they just stop thinking about it, like it's not this active choice where they're like,\n\n363\n00:19:07.080 --> 00:19:11.960\n oh, now this is this new mechanic, I need to go do it, and it's like consuming my headspace.\n\n364\n00:19:12.039 --> 00:19:15.160\n It's like, oh no, now it's on, and it just works, and then money comes in.\n\n365\n00:19:15.160 --> 00:19:18.360\n And I actually think that that's going to fade more and more into the background,\n\n366\n00:19:18.360 --> 00:19:22.200\n as people just normalize the fact that your content's valuable, and you earn from it.\n\n367\n00:19:22.200 --> 00:19:25.559\n And so I'm sure there's going to be an interesting experience,\n\n368\n00:19:25.559 --> 00:19:30.519\n experiments, but I wouldn't suggest that people get overly myopic on like,\n\n369\n00:19:30.519 --> 00:19:32.039\n that's the primary thing to do.\n\n370\n00:19:32.039 --> 00:19:37.160\n The things that I think are going to go viral, two things that I think are kind of traditional,\n\n371\n00:19:37.160 --> 00:19:38.680\n and then one that's novel.\n\n372\n00:19:38.759 --> 00:19:42.120\n The two things that are traditional, like, in the starting of the virus,\n\n373\n00:19:42.120 --> 00:19:45.799\n one video content, like I just think video content, like on Instagram and TikTok,\n\n374\n00:19:45.799 --> 00:19:48.759\n is going to work. And you're going to be speaking to an audience, it's going to be more global,\n\n375\n00:19:48.759 --> 00:19:52.279\n you're going to have to figure out how to dial that in, but video content is really,\n\n376\n00:19:52.279 --> 00:19:56.279\n really important. And like I said, we're going across every content vertical right now,\n\n377\n00:19:56.279 --> 00:20:01.080\n and we're trying to figure out how do we get a handful of really good creators in each vertical,\n\n378\n00:20:01.080 --> 00:20:04.120\n so that there's actually good content for consumers to actually engage with.\n\n379\n00:20:04.840 --> 00:20:06.760\n And so I think that that's the first thing.\n\n380\n00:20:06.760 --> 00:20:10.920\n The second thing is crypto Twitter, ship posting, whatever you want to call it,\n\n381\n00:20:10.920 --> 00:20:16.600\n like kind of a little bit high-minded, text-based posting that can kind of bootstrap off\n\n382\n00:20:16.600 --> 00:20:20.120\n this network that's being built there. I think that that's going to work successfully as well.\n\n383\n00:20:20.120 --> 00:20:24.840\n The content format that I'm actually most excited about that's totally novel is MiniApps.\n\n384\n00:20:26.360 --> 00:20:30.280\n And that's enabled by this kind of open platform and enabled by the chain is,\n\n385\n00:20:30.279 --> 00:20:35.639\n you can build a MiniApp, and you can distribute that MiniApp through the feed or through messaging,\n\n386\n00:20:35.639 --> 00:20:41.559\n and it can go viral. And then that can be an experience that someone is one tap away from,\n\n387\n00:20:41.559 --> 00:20:44.759\n where they can just get started doing the thing. And some of those are little mini-games.\n\n388\n00:20:45.559 --> 00:20:50.279\n You can imagine commerce where it's like one tap checkout. You can imagine all these other\n\n389\n00:20:50.279 --> 00:20:55.399\n little mechanics where people are earning and sharing funds with friends, but that kind of\n\n390\n00:20:55.400 --> 00:21:02.360\n ability to turn the post into this canvas that anyone can build and that anyone can make,\n\n391\n00:21:02.360 --> 00:21:08.840\n you know, a viral hook. I think that that's probably the biggest net new form factor that will\n\n392\n00:21:09.480 --> 00:21:14.600\n kind of open up the opportunity for people to build it in a new way. And so those are the three\n\n393\n00:21:14.600 --> 00:21:19.080\n things that I'm most excited about. It's one video across a bunch of non-crypto surfaces\n\n394\n00:21:19.720 --> 00:21:25.240\n and content areas, two kind of like traditional crypto Twitter posting. And then three MiniApps\n\n395\n00:21:25.240 --> 00:21:30.519\n from the viral potential that's baked into those. Make a viral MiniApp. I just vibe coded some\n\n396\n00:21:30.519 --> 00:21:33.799\n MiniApp that's capturing the zeitgeist, right? There was that one like vibe coded\n\n397\n00:21:34.759 --> 00:21:39.160\n find the couple at the co-play concert that went pretty viral and it has something like a million\n\n398\n00:21:39.160 --> 00:21:43.079\n users and it was this very kind of like stupid little app that people are having a ton of fun on.\n\n399\n00:21:43.079 --> 00:21:47.720\n And it was just vibe coded in an afternoon and it went viral. If I build that app or some other\n\n400\n00:21:47.720 --> 00:21:53.160\n app that goes viral, do I have access to that same creator rewards monetization that like all the\n\n401\n00:21:53.160 --> 00:21:57.800\n other content does? Yeah, yeah, exactly. Yeah, and we're still trying to figure out how to\n\n402\n00:21:57.800 --> 00:22:01.720\n work all these things together, right? Like there's a monetization that's associated with the post\n\n403\n00:22:01.720 --> 00:22:05.240\n and the monetization that's associated with the app and then the monetization that's associated with\n\n404\n00:22:05.240 --> 00:22:10.360\n the reshairs of that post. And so I will say it's still early, like it's day one and we're trying\n\n405\n00:22:10.360 --> 00:22:15.240\n to figure it out as we go. But the pieces are all there and now it's mostly about kind of like\n\n406\n00:22:15.240 --> 00:22:19.640\n stitching them together in the right form factor. So here's just to give an example of this is\n\n407\n00:22:19.640 --> 00:22:24.360\n right now on kind of all post by default monetization is on. So that means it'll get coined,\n\n408\n00:22:24.360 --> 00:22:28.920\n it'll trade, people can kind of speculate on the attention, people can collect it if they want\n\n409\n00:22:28.920 --> 00:22:33.800\n to support you and then you're going to earn fees from that. When someone quote post your quote,\n\n410\n00:22:33.800 --> 00:22:40.680\n monetization is off. And that's like we don't want people to be quote posting and then like kind of\n\n411\n00:22:40.680 --> 00:22:44.520\n stealing the value from other people. But I'm actually not convinced that that's the right long\n\n412\n00:22:44.599 --> 00:22:51.000\n term solution. Someone yesterday said when you quote post, you should pair the coin of the\n\n413\n00:22:51.000 --> 00:22:56.039\n quote post with the existing coin because that means that every time someone buys the quote post,\n\n414\n00:22:56.039 --> 00:23:00.119\n what it actually is doing is going out to the open market buying the previous coin and then\n\n415\n00:23:00.119 --> 00:23:04.359\n locking up in the bottom curve and get the post. And so you kind of create this daisy chain where\n\n416\n00:23:04.359 --> 00:23:09.720\n the quote post monetization is getting fed back into the underlying post monetization. And so this\n\n417\n00:23:09.720 --> 00:23:14.279\n is one of the really really cool things that's opened up from a kind of surface area perspective\n\n418\n00:23:14.279 --> 00:23:18.359\n in terms of how we can build by building all this on chain and by turning everything into a coin\n\n419\n00:23:18.359 --> 00:23:23.079\n is that we can compose all these coins. Zora is doing this in another way where, you know, you\n\n420\n00:23:23.079 --> 00:23:27.480\n create a crater coin that's kind of long running and then each pair of each piece of content you\n\n421\n00:23:27.480 --> 00:23:32.119\n post is paired with that crater coin. And so that all demand for your content is also demand for\n\n422\n00:23:32.119 --> 00:23:35.639\n your crater coin. We're going to be bringing that into the base app as well. I'm starting with\n\n423\n00:23:35.639 --> 00:23:40.359\n letting people import those crater coins so you can just use yours and it will be auto paired. And so\n\n424\n00:23:40.440 --> 00:23:45.800\n that kind of mechanism and the ability for us to kind of like route all of this value and\n\n425\n00:23:45.800 --> 00:23:50.120\n compose it in new novel ways. I'm so excited about the potential there. And I think there's a lot\n\n426\n00:23:50.120 --> 00:23:54.920\n of stigma about coins that we're still working through candidly. People are very fearful about them.\n\n427\n00:23:54.920 --> 00:23:59.160\n But when you just look at the surface area of what we can do with them and then you look at the\n\n428\n00:23:59.160 --> 00:24:03.720\n real world experiences that people are having with them like real creators. I think it's pretty\n\n429\n00:24:03.720 --> 00:24:08.520\n incredible. And there's I'm just so excited about the opportunity. Right. It sounds like you are\n\n430\n00:24:08.519 --> 00:24:14.039\n trying to plum together this network finding tweaking the right balance of like we you know we have\n\n431\n00:24:14.039 --> 00:24:19.480\n algorithms and social in web too. And this now the same algorithm is actually more about like okay\n\n432\n00:24:19.480 --> 00:24:23.639\n payouts. What's the right way to balance a payout in the right way and orchestrate it. And rather\n\n433\n00:24:23.639 --> 00:24:29.319\n that being the algorithm that goes viral it's the payout mechanism that's market. It's the market.\n\n434\n00:24:29.319 --> 00:24:34.359\n It's a free market. Well, we've basically done is we've taken all this content that we know is\n\n435\n00:24:34.360 --> 00:24:39.000\n incredibly valuable because people have built trillion dollar businesses around it multiple trillion\n\n436\n00:24:39.000 --> 00:24:44.040\n dollar businesses around it. And we've brought it on changing to the free market where before it was\n\n437\n00:24:44.040 --> 00:24:48.200\n one corporation that was valuing that thing and then monetizing it through things like advertising\n\n438\n00:24:48.200 --> 00:24:52.440\n or subscriptions or whatever other monetization method that they chose. And we're saying no now we're\n\n439\n00:24:52.440 --> 00:24:56.760\n going to let the free the free market value your content. And then we're going to kind of use the\n\n440\n00:24:56.760 --> 00:25:01.720\n free market and all of the kind of like economics off flows that come from the free market to reroute\n\n441\n00:25:01.720 --> 00:25:06.039\n that value back to the creators and back to the people who are engaging with the content. And we\n\n442\n00:25:06.039 --> 00:25:10.680\n think that that is just a much stronger foundation for us to build this next generation of social\n\n443\n00:25:10.680 --> 00:25:16.200\n networks. I think the concept of a market based algorithm social media algorithm can nerds knife\n\n444\n00:25:16.200 --> 00:25:20.200\n a bunch of people. And I'm looking forward to getting that seeing that again. Yeah, and I think\n\n445\n00:25:20.200 --> 00:25:24.600\n I think that there's a lot of like yeah, there's a lot of cultural stigma and resistance to this.\n\n446\n00:25:24.600 --> 00:25:30.600\n And but if you look at the the truth is what what has the best product market fit in crypto it's\n\n447\n00:25:30.600 --> 00:25:38.200\n coins. Right. Yeah, right. Whether those are pump meme coins or those are ICOs like it's always\n\n448\n00:25:38.200 --> 00:25:44.520\n been coins. And that's because it's the most liquid most composable form factor. That's actually\n\n449\n00:25:44.520 --> 00:25:50.920\n pretty easy for people to understand. Like I was I onboarded my my trainer that I work with\n\n450\n00:25:50.920 --> 00:25:56.360\n this morning. And I was like yeah, like every post is an asset and people can buy it and you're\n\n451\n00:25:56.440 --> 00:26:02.840\n from it. You're your gym trainer, personal trainer. Yeah, you're like, hey, download the base app\n\n452\n00:26:02.840 --> 00:26:08.760\n and go buy. We know we talk about all stuff. And I was like, yeah, the base app. And I was like,\n\n453\n00:26:08.760 --> 00:26:13.320\n you can you can post and you know, earn and do chat. And he was like, can I get that now?\n\n454\n00:26:13.320 --> 00:26:18.120\n Like it wasn't me like forcing it on him. Like the first time the messaging actually really resonated.\n\n455\n00:26:18.120 --> 00:26:23.160\n And I mean, he just made his first post and he earned like whatever $10 on it. And you know,\n\n456\n00:26:23.160 --> 00:26:26.120\n now he's going to keep posting fitness content. I was like, we need more fitness content.\n\n457\n00:26:26.120 --> 00:26:31.640\n So I don't want to give a voice to the skeptics for a moment. This is a tweet that's going around\n\n458\n00:26:31.640 --> 00:26:38.840\n from Brooke Lacey, who is just giving her honest take about what she experienced as a creator.\n\n459\n00:26:38.840 --> 00:26:44.279\n She onboarded the base app. And she just basically voiced a concern about, you know,\n\n460\n00:26:44.279 --> 00:26:49.640\n a flip people flipping coins that she created because she's a content creator. And in order for her\n\n461\n00:26:49.640 --> 00:26:54.600\n to get paid, she had to quote, I had to dump on them to get paid. And so she's a creator. She\n\n462\n00:26:54.600 --> 00:26:59.640\n went to the coin. And she felt like in order to monetize the work, she had to dump the coins.\n\n463\n00:26:59.640 --> 00:27:03.800\n I think this is kind of what you're talking about, which there's this like stigma around tokens\n\n464\n00:27:03.800 --> 00:27:07.640\n and all of this kind of stuff. But I think this is kind of a giving a voice to some of the people\n\n465\n00:27:07.640 --> 00:27:12.520\n that aren't aren't totally convinced about this model yet where we are really encouraging this\n\n466\n00:27:12.520 --> 00:27:17.880\n consumer behavior that we've never really seen happen on its own before. Like collecting content\n\n467\n00:27:17.880 --> 00:27:23.240\n inside of social media app is like a novel concept to basically everyone. And I think,\n\n468\n00:27:23.240 --> 00:27:27.800\n you know, crypto people understand it. But the rest of the world, it seems like we are trying to\n\n469\n00:27:27.800 --> 00:27:31.720\n really bootstrap this consumer behavior that we haven't seen before. So what gives you the\n\n470\n00:27:31.720 --> 00:27:35.480\n conviction that this is right? Yeah, it's a new consumer behavior. And we have a lot more work\n\n471\n00:27:35.480 --> 00:27:41.160\n to do, a to get it in the form factor and then be to explain it because it is complex. But I do\n\n472\n00:27:41.160 --> 00:27:45.400\n want to just respond to this directly, which is she says, and I had to dump on them to get paid.\n\n473\n00:27:45.400 --> 00:27:49.480\n And I'm hearing who's leading our social team just jumped in and replied and I replied as well.\n\n474\n00:27:49.480 --> 00:27:53.960\n But I want to be really clear to creators, you do not need to dump your coins to get paid.\n\n475\n00:27:54.840 --> 00:27:59.800\n And from where I'm sitting, I would not advise that you dump your coins. I think that it's\n\n476\n00:27:59.800 --> 00:28:05.480\n shortsighted. There's two ways you earn. One is from the attention and the fees that are generated\n\n477\n00:28:05.480 --> 00:28:10.440\n whenever someone buys or sells your coin. And that's just a stream of value to you. Anytime someone\n\n478\n00:28:10.440 --> 00:28:14.680\n buys a little bit or sells a little bit, you're going to get paid. And then two is that you earn\n\n479\n00:28:14.680 --> 00:28:21.080\n one percent when you create that thing. And so, you know, whenever the attention is going up,\n\n480\n00:28:21.080 --> 00:28:25.880\n you're going to see more trading activity. And that's going to be this ongoing stream. If you\n\n481\n00:28:25.880 --> 00:28:30.120\n look at that and you say, oh, but this post is small, I didn't earn that much. Well, not every post\n\n482\n00:28:30.120 --> 00:28:33.640\n goes viral. Some posts are going to go viral. You're going to earn a ton from the fees. Some aren't\n\n483\n00:28:33.640 --> 00:28:38.840\n going to go viral and you're going to earn less from the fees. But the thing to know is that if you\n\n484\n00:28:38.840 --> 00:28:43.640\n don't sell, I think you're more likely to go viral in the future because there's actually people\n\n485\n00:28:43.640 --> 00:28:47.000\n who are going to want to collect your content. Because if you're selling every piece of content,\n\n486\n00:28:47.000 --> 00:28:51.480\n you're saying, I don't believe in this content. And so, again, this education is, you know,\n\n487\n00:28:51.480 --> 00:28:57.640\n like, it's not investment. Yeah, a little bit. But also, it's just like, you know, if someone was\n\n488\n00:28:57.640 --> 00:29:02.280\n like, you know, selling everything that they got, like, I wouldn't want to invest in that content\n\n489\n00:29:02.280 --> 00:29:07.160\n or back them either. And so, again, like, I don't think this is on her. Like, we have to do a better\n\n490\n00:29:07.160 --> 00:29:12.520\n job explaining all this. But my guidance, and I think Ineerie said it here, is like, don't sell\n\n491\n00:29:12.599 --> 00:29:17.079\n that one percent. It's not worth it. Like, keep posting. Some of your posts are going to go viral.\n\n492\n00:29:17.079 --> 00:29:23.400\n You're going to earn. Brian Armstrong earned $150,000. He sold none. I earned like $30,000. I sold none.\n\n493\n00:29:23.400 --> 00:29:29.079\n Sierra earned like $3,000. He sold none. Like, people are earning a lot of money just from the fees.\n\n494\n00:29:29.079 --> 00:29:33.879\n And I think that's the sustainable way. Whereas a creator, you're monetizing your attention. And then\n\n495\n00:29:33.879 --> 00:29:39.240\n you're just holding your ownership because it's cool to own your content. And if you just do that,\n\n496\n00:29:39.240 --> 00:29:43.559\n then you can stop worrying. Right? You don't need to be feeling like, oh, am I dumping on my\n\n497\n00:29:43.559 --> 00:29:49.799\n holders? Am I doing something wrong? No, you're not. All you're doing is earning from the attention.\n\n498\n00:29:49.799 --> 00:29:54.759\n But you're holding your content just like everyone else is. And that's something that you can be\n\n499\n00:29:54.759 --> 00:29:59.799\n proud of because it's awesome to own your content and to participate in this new system.\n\n500\n00:29:59.799 --> 00:30:06.359\n Well, Jesse, congratulations on a brand new day one. And right now, I'm about to bring on Alex\n\n501\n00:30:06.360 --> 00:30:11.320\n from Airdrome right after you for the second episode of of base day. What should I ask Alex?\n\n502\n00:30:11.320 --> 00:30:15.720\n What are you excited about Airdrome? How does Airdrome fit into the base app or what do you think\n\n503\n00:30:15.720 --> 00:30:20.280\n I should talk to him about? Yeah, I guess two things. And one is just building on this conversation.\n\n504\n00:30:20.280 --> 00:30:25.880\n You know, Alex was a skeptic about content coins and kind of like how they worked and whether\n\n505\n00:30:25.880 --> 00:30:30.360\n they would be good. And then he's kind of gone full circle where he's actually a really big believer\n\n506\n00:30:30.360 --> 00:30:35.400\n now. And so I think it's worth asking him like, what chain? What did he see? What was his experience?\n\n507\n00:30:35.400 --> 00:30:39.800\n I generally find it's always good to hear from skeptics who kind of had their perspective change\n\n508\n00:30:39.800 --> 00:30:44.360\n just because it's a new perspective. And I'll just say I was a skeptic too. The first time Jacob\n\n509\n00:30:44.360 --> 00:30:47.560\n Horn came to me and said, we're going to make everything a coin. I was like, that's crazy Jacob.\n\n510\n00:30:47.560 --> 00:30:51.480\n We're definitely not going to do that. And through a lot of conversations and a lot of product\n\n511\n00:30:51.480 --> 00:30:55.080\n building and iteration, I realized, oh, this is actually a way better tool for what we're trying.\n\n512\n00:30:56.040 --> 00:30:59.800\n So that's the first thing. And then the second thing that I would love you to ask him about is\n\n513\n00:31:00.680 --> 00:31:07.319\n kind of how does he see the asset issuance on base evolving, right?\n\n514\n00:31:08.359 --> 00:31:10.359\n One of the things I think is going to be really important as we're building this\n\n515\n00:31:10.359 --> 00:31:15.240\n a global economy is trying to get every asset onto base so they can be traded. And we're seeing this\n\n516\n00:31:15.240 --> 00:31:21.399\n happen with international stable coins and with content coins. And I just would love for folks to\n\n517\n00:31:21.399 --> 00:31:27.000\n hear his perspective on like, hey, how far we've come in the last two years from where we started.\n\n518\n00:31:27.079 --> 00:31:31.240\n And then be where he thinks that's going because aerodrome really sits at the middle of it.\n\n519\n00:31:31.240 --> 00:31:34.680\n I think they're hands on with all of these builders who are starting to bring their assets. And\n\n520\n00:31:34.680 --> 00:31:38.920\n I think I have a really good perspective. Jesse, thanks so much for joining me on Bankless TV.\n\n521\n00:31:38.920 --> 00:31:40.279\n Thanks for having me. Here's.\n\n522\n00:31:40.279 --> 00:31:44.759\n In the Wild West of DeFi, Stability and Innovation are everything, which is why you should check out\n\n523\n00:31:44.759 --> 00:31:50.119\n Frax Finance, the protocol revolutionizing stable coins, DeFi and Rolex. The core of Frax Finance\n\n524\n00:31:50.119 --> 00:31:55.240\n is Frax USD, which is backed by BlackRock's institutional fiddle fund. Frax designed Frax USD\n\n525\n00:31:55.240 --> 00:32:00.279\n for besting class yields across DeFi, T-bills and carry trade returns all in one. Just head to\n\n526\n00:32:00.279 --> 00:32:04.359\n Frax.com, then stake it to earn some of the best yields in DeFi. 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