Massive VeChain Updates! Staking, AI Agents, Web3! with Sunny Lu

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Rock chain is actually the technology for new relationship like
how people walk with people, how people walk with a company,
walk with the association, even walk with the government. And
the crypto is just acting as the connecting dots or
connecting points, basically like a blood blowing into the entire ecosystem.
And to make it live, the crypto is not designed

(00:21):
for human, It's actually designed for machine. However, the most
of the utility of the crypto is still between human
to human.

Speaker 2 (00:34):
Hey, folks, welcome into the Thinking Crypto podcast. I'm your host,
Tony Edward and my guest today is Sonny Lou who
is the co founder and CEO of v Chain. Sonny,
great to have you, Yeah.

Speaker 1 (00:46):
Thank you, TONI you know always coming, Always feel great
to come back to your podcast.

Speaker 2 (00:51):
Absolutely, And you know I'm a big fan of v chain.
I'm a VET token holder, and I'm excited to dive
into the latest and greatest around v chain. And you
know there's a lot happening in the market, so I
want to get your thoughts on everything. I would love
to kick it off with the hyabousa dev net which
went live. Tell us about that.

Speaker 1 (01:09):
Oh yeah, actually it's it's a test net face. We
leave like a three months before the official Higabuosa launch,
So September second to September nine, that's a migration for
the test dev net. We basically simulate everything for the
men at and the you know, the official launch that's

(01:31):
exactly three months later. That's gonna be a December second
to December nine for the Hyabooza launch. So it went
pretty well, and you know, we did all of the
testing internally, and also you know, try the different type
of migration and try the different type of situation. Make
sure we know like how to respond in case anything

(01:54):
other than we expect it, we can we can respond
to that. Also. Right right now we're on the auditing phase,
so we're getting a bunch of security auditors to auditing
the codes, auditing the protocols, basically auditing everything. Spend quite
a fortune on the securities. Roughly we can get the

(02:15):
auditing rapport around the early October or mid October. If
everything runs well, you know, good to go. If even
we discover some small box or you know, something we
could improve, we still have a roughly wine and a
half month to fix it. So yeah, so far as
you're good, I'm very confident about the launch.

Speaker 2 (02:34):
That's awesome, great progress there and looking forward to the
future updates. So maybe we can run through some of
the benefits of this update, right, such as I read
v or, inflation goes down, block rewards earned only by
staking VET and much more. Can we walk through some
of the benefits.

Speaker 1 (02:53):
Oh, of course, I'm actually the high abooseize the main show.
Let's say, you know Gladica, which launched in June. It's
just a warm up, you know, there are some cool
features where you mentioned about a visa or in Galatica
as well. Firstly, more demands you know, one hundred percent
of the transaction fees will be burned and also dynamic

(03:16):
gas fees as a new feature has been produced into
the Galadica, so which simply to say more demands more,
you know, cutting the more consumption of the visword. Right,
that's Galatica phase. But in the Hyabuza the main change
will be firstly, insurance of the vessel will be greatly reduced.

(03:39):
Even considering the current staking situation was staking level, we
could roughly predicted, you know, forty to fifty percent of
inflation rate will be reduced. And also the allocation that's
a that's the most important thing. The allocation of the
visa or the new issurance issued the visul will be

(04:03):
only allocated to either validators or either delegators. No more,
no more users. So basically, in simply words, to say,
we're kind of burning the candle from both ends. Firstly,
more demands, more burned, and also cut to the supply.
I would say, yeah, could looking good for the visa

(04:24):
or valuation.

Speaker 2 (04:26):
That's awesome. And then the other major news I'm really
excited to talk to you about is V chain steaking
or VET token steaking via stargate. Tell us about this
and how it works.

Speaker 1 (04:38):
Yeah, well, the stargate is a tool basically not only
for delegators but actually also for validators. So we launched
the stargate in Galatica Galatica Pace in June, and you know,
people love that and so far we had we already
have more than twelve thousand NFTs representing the different level

(05:00):
of delegators and some of the level delegators. Actually the
big level, you know, with fifty million ves staking is
quite a competitive. You know, I noticed that there are
two minium node just getting available, and then just a
few hours boom, it's gone like people just take it

(05:20):
right because the high level of delegator that means high apui,
so you know, people are really chasing after that. And
also totally six billion vit staking coming from the delegators,
so the stargate, we'll have the two point zero in December,
right before the higaboos are launched. There are cool features introduced.

(05:45):
Give an example, we're going to have more visibility in
terms of the delegators staking, validator staking. Plus you know,
the validator have a major change as well in the Hyabuja,
so no more fixed twenty five minutes staking only you
will beynamic, so people can choose from twenty five mini
still maintain the minimum, but up to six hundred that

(06:09):
so for sure moret taking, you will have more chance
to produce the blocks. We're also getting more rewards and
also there is a very interesting function we call boost
the features. You know right now, when you mint the
new delegator n FT, you gotta have a maturity time,
right you got to wait for three days or twenty

(06:32):
thirty days or forty five days up to sixty days
for the highest staking. We realize it's kind of blocking
some of the users when user doesn't really have a patience,
which is quite common in the crypto word. So we
we offer the boosting features so you can pay a
certain amount of whatever visseel better VT to you know,

(06:55):
getting the maturity time to shotting to be zero. That
means you can do the delegation right away and also
the same amount of the time you could use for
the you know, waiting for the maturity, you can getting
the rewards right away, and you are getting comparing what
you're paying for the boosting, and you will get more

(07:17):
reverse from the same amount of time. Let's put this way,
and everything you paid to boost your maturity not going
to be taken by anybody, including the foundation. You will
be burned right away. So you're not just you know,
speed up the process, but also you're contributing to the

(07:37):
whole ecosystem valuation. Basically you are burning tokens by you know,
enjoy the the reverse right away. That kind of you
know use cases and in general speaking, the validator is
actually for institutions. Even there are some let's say long
term holders, some whales also they go through one of

(08:02):
our community projects called Redino. You know, Retino already on
board nineteen validators so far and they're still ongoing or
major is for the institutions. So recently ki ROC actually
set up the two validators to join the validator pool
and delegator is more for the retail people. So as

(08:26):
long as like like introduced last time, as long as
you know how to operate the NFT and it just
kicks youw buttons, then you become the delegators. You directly
participate the decentralization and you're getting reverse without worrying. You're
you know, without worrying the safety of your assets. So
that's the best part of that's really great.

Speaker 2 (08:49):
You mentioned you know a lot of institutions can participate,
can retail participate or directly or directly, Well.

Speaker 1 (08:56):
That's that's also part of a plan and deliverables in
terms of the institutional institution on boarding. Right, So recently
we onboard the Big Go and we also have a
Retino as you know from the community as a smaller platform.
So if as a user, let's say, there are there
are two ways either you you wanted to staking to

(09:19):
the service provider like bigg and join them to as
a whole join the BIGOS validator. Let's put this way,
or you can retinal do it providing a similar service,
or you can hold in your assets as long as
you manage to get more than twenty five minut aad.
You can use retino as a validator as a service. Well,

(09:43):
actually I heard Bigo is offering the same thing. It's
called they have a product it's called bring your own Validators,
which means you as an asset owner, you still control
your assets, right, you have your VT in your wallet,
but you basically to delegate to somebody or indorse, some

(10:03):
no operator to run the validator together. So we call
it the indorser plus no operator and group together. You
can have validator round. Sure, you gotta spare, you got
to pay some of the some of your earnings through
the service fees, right, but still it's it's low entry

(10:23):
for anybody wants to be the validator or simply you
can just be a delegator.

Speaker 2 (10:28):
That's really great. Yeah, that's something I personally want to
look into, So I'm going to explot that.

Speaker 1 (10:34):
Yeah, yeah, yeah, very cool.

Speaker 2 (10:36):
And then recently there was an announcement of v Chain
partnering with Franklin Templeton, which is a huge brad frat
excuse me huge Tradify institution. Tell us about that partnership
and how you be working together.

Speaker 1 (10:48):
It's kind of hard actually, you know, you know all
of the pr policy. Actually today we read about the
news Franklin Tempting to have a full collaboration with the
Bannis as well. Right, it's I always say it's part.
It's quite unnatural, you know, following the institutions on boarding
for the more clarity in terms of regulations, those serious

(11:12):
players coming from the Wall Street. As we discussed the
last time, it's inevitable. The trend is inevitable. So for us,
we're actually working on several different partnership with a Franklin Tempting.
What we can say today, let me see is we
are on boarding the enterprises to be the Franklin Tempting

(11:33):
clients as well. We go to the market together. Also,
for sure we're gonna leverage with blocks technology coming from Vchin.
We're gonna use the VCHIN blocking as well. It just
like we didn't finish that yet. So from Franklin Tempting,
they were like, okay, we're gonna We're gonna be very
I would even call it the conservative a bit, you know,

(11:54):
they want to play safe. They don't get any trouble
from SEC. So that's why they say, okay, well it's down,
then we can make a proper announcement. But we definitely
looking for long term relationship with Bitchen. We're gonna go
to the market together. But the freaking attempting just represent
one of the examples, right, Like I said, we have

(12:15):
we have a we have a several category in terms
of institutions. We do have like a long term investor
like a key Rock and the validators. Ki Rock also
do the validators. Actually we have a few institutions on
the pipeline in the pipeline as well. And also we
have a service provider like Bigo. They provide a taking

(12:37):
service to the retail to the institutions they provide bring
your validators, like I just said, so allow you know,
even the retail people can without technical capability to run
a server, they still can be part of the validator
program enjoy the APIs. And also some of the service
provider like the tie you know, they have the terminal

(13:03):
to integrate which actually is done already with v chain
integrateed with vchin blockchain, so they can provide the business
insights coming from whatever the data over the Vichin blockchain
to give more visibility to institutional investors. So simbody to say,
you know, we down the key Rock, Big Go, the

(13:26):
Tie Franklin tempton. There are also bunchs of you know,
institutions on board, which is kind of fitting into the
whole market vibes right now. You know, from retail to institutions,
that's the main scene for the crypto market right now.

Speaker 2 (13:43):
Yeah, it's amazing, Sonny, since you know, the genius actors
passed this current administration here in the United States is
very pro crypto. We've seen a lot of big names,
some of the biggest banks coming out saying they want
to launch crypto trading, launch their own stable coins, tokenizing.
It's amazing how many institutions are here now.

Speaker 1 (14:01):
Yeah, the trend is inevitable. I was saying, you know,
the crypto marketing now just sitting at four trillion dollars
as a whole, right big coin is two points something.
But I always say it's inevitable. Let's say, institution is
going to be the main force to push up to
the entire crypto market to another level. And also we

(14:25):
heard about all of the news like d A TS
like the collaboration between Franklin Tempt and the Biness and
also even the arkings Uh the chair of SEC made
a point in Paris saying like, oh, we'll welcome to
super app, you know, to aggregate the treating the liquidity,

(14:48):
the borough and lending all of the different type of
services into you know, for for the future of the crypto.
But also on the other side, I would say, based
on the recent conversation with many institutions, I think what
we're missing in the entire crypto world. You know, we're
doing that, but we're kind of one of a very

(15:10):
few is really driving for mass adoption by utility driven
like why people use crypto? Right, why people access holding
the crypto or what do you really invest for? I mean,
sure everybody looking for profits, looking for you know, old
go and see them coming up. Honestly, I think it's

(15:32):
very soon. We know the Federal Reserve is going to
cut the interest that's like ninety nine percent of the
chance for sure in the midle of September. So it's
clear signal following the previous pattern, that's a clear signal
the boom market is coming up. But also from the
investor perspective, what do you really invest, what kind of

(15:56):
value or what kind of the utility those projects are creating?
And the funny thing is very interesting, I discover most
of the projects actually getting crowded in a similar track,
you know, payment stable going, you know, DVI verticals. But
following another thought, we believe blockchain is going to be

(16:18):
the Internet two point zero or the Internet, you know,
the next generation of the Internet. That's why we call
the web strate from web one, Web two webs rate right,
So it must be. It cannot be just narrow in
finance work. It must be every industry is so I

(16:38):
a would say, our narrative, what we are ever to
what whatever we're trying to do, you know, from the
enterprise adoption to the sustainability angle to drive the individual adoptions.
It's you know, this is going to be a god
for the next waves. It's just you know, following the logic.

(16:59):
Financial piplication is very I'm not saying easy, but it's
very clear, right, and there are loads of the use
cases already. But everybody is trying to do the same thing.
I think it's a question mark for me. But we
do have our unique position and we're getting more and
more attractions, you know from the institutions. They were like,

(17:24):
oh yeah, you know, I like this kind of story.
I like long term thinking, like the user grows from
your ecosystem. And by the way, the V Better just
reached to more than five minute users right now and
forty six applications. I think it's almost doubled up since
last time we talked. And we still get eight to

(17:46):
ten in the pipeline always so. And as a results,
as an impact, there are total thirty six million actions
coming from those five minute users, you know, in acumulated way.
And you know, we get super exciting about this type
of redults, and the institutions getting super excited about these
type of redults. So I would say, you know, it's

(18:11):
just a matter of time, and we just keep doing
what we're doing and our time is coming.

Speaker 2 (18:16):
That's awesome. Yeah, I was going to ask you, you know,
speaking utility, how is be Better vworld and and utility
on that side. So it sounds like there's a lot
of adoption, a lot of growth in users.

Speaker 1 (18:27):
Yes, like I said, five million users for the six applications,
soty six million impacts or actions. And recently we just
launched a new program to even give another boost up.
We could a v funder program. And also I start
with my letter, I promised I didn't use the AI

(18:49):
to write this letter. It's all by me, oh, by myself.
So basically, I you know, I reflecting. I use all
of my experiences to be a funder. I've been a
founder for ten years. You know, time really flies. So
we find out the biggest challenge is no more just
technical like how do you build the small countract? How

(19:13):
do you deliver applications? That's actually quite a easy part,
especially with support from AI, different type of AI agents.
It's getting much much easier. However, the biggest challenge so
far to most of the founders, to most of the
applications is how do you grow your users? How do
you iterate your products? You know, I share my philosophy

(19:37):
as a founder to all of the entrepreneurs, to all
of the founders in the Vigian community, I said, we
have a three rules. Number one, you got to pick right.
You got to find the right track, right industry, right, whatever, AI, whatever, crypto,
that's a right for sure. No one would have questioned that.
And also you've got to choose long meaning when you're

(20:01):
facing the tough divisions like Okay, which way I gotta choose?
You always think from the loan perspective, long wave perspective.
But even you pick right, you choose loan, you still
need to iterate extremely fast.

Speaker 2 (20:16):
Yeah.

Speaker 1 (20:16):
Right, So most of the we find the most of
the common challenges to those founders. It's no more just
individual developer, build the application and naturally attract to the users. No,
you got to operate that. You got to do marketing,
you got to do fund raising, you got to engage
with the users, you got to manage the communities. There

(20:38):
are many other stuff. So we launched the v funder
program to give another actual support looking for real builders,
real entrepreneurs could build the application to grow with us together.

Speaker 2 (20:52):
So yeah, yeah, I love that As an entrepreneur myself,
I love that that you're kind of helping to incubate
and helping entrepreneurs and navigate the way. And and you
said this with BCG that's Boston Consulting Group.

Speaker 1 (21:05):
Oh yeah, yeah, yeah. BCG also play quite an important
role into that. Basically, we designed the v Founder program together,
you know, we we actually start with the three applications.
So basically it was developer and delivered with BTG together,
So Beach and Foundation BTG together we delivered delivered the

(21:26):
three applications you know, with a with a starting package,
which means we already got listed in the VBA LAAU,
we already got the codes delivered. We already got a
certain we call it a C users not much a
few southerns. And also we even finished the integration with
the AI agent to verify your actions. Right, so it's

(21:49):
it's running. It's already over there. And even with some
of the let's say possible future business model designed also
code designed bit between us and the BTD together, so
it's it's like we alreadys serve you the prem made dishes.
What you need to do is just uh, you know,

(22:10):
putting the microwave and heat it up and you can
start to eat. So so we we're going to continue
to do that, you know, to uh, let's say, whatever
is coming from our departory like a PCs or products
or even some of the enterprise opportunities. You know, we're
getting more and more inquiries from the enterprises as well,

(22:31):
even some of the enterprise opportunities we can put into
the v funded program, you know, and getting anybody is interesting.
Devote themselves to the growth of the ecosystem, your own applications.
Then it's free for you. So it's better than just
give like one hundred grand for the ground program. And

(22:52):
you know, money plays one thing, but also we're looking
for real builders, really devote themselves to builder stuf. Absolutely.

Speaker 2 (23:01):
Yeah, I love it. And I feel like there's going
to be a lot of people who are going to
be looking to web three to transition from web to
Web three, a lot of developers, a lot of entrepreneurs.
So it's great that you're making it easy for them
to do that because some of this can be intimidating,
and you know it's brand new, but if you can
make it easy, it's yeah, it's great.

Speaker 1 (23:21):
Yeah. And also the other strategy the focus is, you know,
getting the infrastructure more and more ready. The last time
we talked, I think it was March or somewhere, Yeah,
around the March. Yeah, I think it's another test that
have face for Galactica. When we talk about that, we said, okay,
we're going to on board those custodias, you know, infrastructure

(23:41):
service providers to ease adoptions. Right now, We've got Big Go,
we got Key rock, we got the Redino. We still
have a mini in the pipeline. But on the other side,
you know, try to from the angle like how to
make it easier for whatever is a small startup or
big enterprise to join the v better doubt or you know,

(24:04):
doing any kind of application in the ecosystem. So in
terms of social logging, in terms of the wallets, in
terms of custodient service, custudent licenses, those are things who
are still working on that and getting pretty much very
close to get it down. And then for anybody whatever
your traditional enterprise or individual developers or even a small

(24:27):
startup when you try to join, even you said, oh,
I don't know anything about a crypto, I don't know
how to build a smart contract. I don't need to
I don't know how to build the API API to
call the transaction here and there based on my application logic. Well,
you can use some established the infrastructure tools to do

(24:49):
that and they will you know, make the entry point
even lower. So that's that's everything we do. It's actually
served to onboard more more entrepreneurs and they were looking
very much about they success because they success put them together.
That's reaching success simple.

Speaker 2 (25:11):
Absolutely well said. Also, I know from my show notes
here that potentially you're working on an AI roadmap, tell
us a bit about how you're going to integrate AI
AI agents and much more.

Speaker 1 (25:25):
Yeah, actually, thats gonna be next Monday, maybe by this
podcast has been released. You know it's already there, right,
so I welcome everybody to check it out. That's let's say,
you know, we are the one of very few keep
updating the white paper even for the v Better. We
have this two point zero white paper for vbetter dot

(25:47):
com as well, Right, so basically introducing AI heavily for
the next four years or five years row map of
the v beetter dot com. So ultimately, I would say,
in my theory, the ultimately utility for crypto it has

(26:08):
to be with AI. I even have a series say
the crypto is not designed for human, it's actually designed
for machine. Right, Well, you get that very easily. Think
about that, those micro transactions. A human not gonna do that.
Let's say I owe you one cent. Do you expect
me to pray you one cent? No? Right, you ask

(26:29):
for a beer or something, but you're not going to
expect me to pray you one cent. But the machine
do all the time for that kind of a fractional data,
fractional exchange. Machine can process you know, that kind of
the micro tranactions all the time, right. And also no
human would expect themselves to process transaction like a thousand

(26:51):
per day, right, No, but the machine can process a
thousand tranaction per second. Right. So I would say with
this kind of the feature, crypto is really designed for machine,
not for human. However, when we think about the current
utility of the entire crypto word, the most of the
utility of the crypto is still between human to human.

(27:15):
I pay you, I treat it with you, I do
the borough and lending protocols. It's still human to human, right,
So what about machine to human or human to machine
or even machine to machine. So those three scenarios, I
believe it's you know, with a huge potential with adoptions

(27:39):
of the different type of applications and the user grows.
So that's what we described in general in high level
into this white paper. And actually we better doll and
all of the extra applications already doing from machine to
human that type of use case right from a user perspective, Okay,

(28:02):
I use a recycle mode to do my mak shop.
But from the application point is okay, I use AI agent,
verify your actions and I reward you or paid you
rewards in crypto way, in exchange your data in exchange
of actions. Right, so the v better and also the

(28:24):
extra applications is already from machine to human. We're going
to continue to scale up. We're still aiming twenty million users.
You know, last time we talked, I think it's we're
talking about like, oh, we just passed a one million
user bar. Right now we have two applications past two
million user bar and we're continue to grow and still
aiming twenty million user total and one hundred applications as

(28:48):
our next our as our next milestone. And also we're
looking for the new possibility how to leverage with AI
to make the doll governance even better, more accessible, more
user friendly to anybody. You know, we talk about the
challenges for most of the doll in the world. The

(29:09):
dow relies on the governor's voting. But unfortunately not everybody
is expert on everything, right, but AI can be expert
on everything. So let's say in the next time, when
you have a proposal where you can just have an idea,
you can talk to the AI to work a proposal together,

(29:32):
even getting the voting process, you know, to make the
ecosystem better, to make the governance rules better. So those
are things that really elaborated and described with the deliverables
in the road map. That's basically our idea. That's also
not only for the mid term deliverables, but also for

(29:54):
the long term goals. Eventually we want to build up
the new Commas word wise enterprise adoption, individual user growth,
mass adoption from retail users, and they eventually formalize a
new Commas word with AI agents with a crypto as
a blood floating around. So basically, you know, that's what

(30:20):
we jore the first what we jaw the picture in
the first version of White People back to twent and
seventeenth and we just you know, take a step by step,
stage by stage and review what we really do.

Speaker 2 (30:33):
Yeah. Absolutely, And it seems to your point. You know,
as the technology gets more advanced and even humanoid robots
along with AI agents, they're going to be using crypto
blockchain rails and to your points of micro micro payments
and much more so. This is certainly going to be
a big part of the web ecosystems.

Speaker 1 (30:54):
Well, just just to imagine some of the interesting use
case right today, if you want to buy a hair dryer,
what you're going to do? You go to the Amazon,
you go to the Alibaba, then you search and you
find the best that you want to do. Or you
can just talk to your AI agent butler I saying okay,

(31:15):
I pay you two hundred dollars in crypto, that's my budget,
get me a high drier a hair dryer next day
in my house, and then there was such the whole
world and find the best deal for you, fit your
requirement and deliver it to you. Right, So those type
of it's just one of the use cases we were thinking.

(31:36):
And also they could be one of our community projects
called Nubila. So they're basically cracking the crime data from
the decentralized IOG devices as a crime data collector. So basically,
the centralized AI agent could talk to each IoT devices saying, okay,
I need the data from Brazil in September, or I

(32:00):
need a data from Indonesia in August. Right, so I'm
gonna pray you micro transactions for every piece of data
you upload to me. So it's kind of like a
machine to machine that kind of use cases. So whatever
from human too machine or machine to human or machine

(32:21):
to machine, I would say that will be the new
value adding or new writing point for the global economy.
So I believe that's the automated utility of the crypto.

Speaker 2 (32:37):
Yeah, it's it's so fascinating the convergence of these two
technologies and how they fit with each other. And they're
going to compliment our lives, like you know, the example,
you gave up ordering something. You know, currently we talk
to the Amazons and the Google Alexa and all that stuff, right,
but it's going to be more advanced to your point,
it can go out and shop for us, find the

(32:58):
best deals and do those micro payments where I don't
have to take out my credit card or anything. It
just does it.

Speaker 1 (33:03):
Yeah, and then enterprise and video users they're going to
formalize the different type of relationship thanks to crypto. Well,
general speaking, we talk about the Internet is a technology,
or even AI is a technology for productivity, right, it
increased the productivity in an unimaginary level. So what are

(33:25):
the block blockch is actually the technology for new relationship
like how people work with people, how people work with
the company work with the association, even work with the government.
That's what the bloction is, and the crypto is just
acting as you know, the connecting dots or connecting points

(33:46):
or basically like a blood flowing into the entire ecosystem
and make it life. So that's a really exciting future
for the future, the future application and following the recent
conversations with many institutions, everybody is looking for that. So

(34:09):
every time I share our thoughts, what we're trying to,
what we're doing, what we're delivered, and everybody get their
own eyes open, like, oh, we should talk more about this.
I mean, they mentioned about the entire crypto market, right,
not just the daits, not just the liquidity the big

(34:31):
money flowing around here and there or price talks. We
need to talk about the more future of the technology.
How to go to really go to the mainstream. I
would say the finance adoptions coming from you know, institutional
adoption or even we call it the Wall Street adoption. Right,
you're very close to the Wall Street so you know that.

(34:53):
So when we talk about the Wall Street adoption, it's
actually just a first step because that means pretty peering
the money prepare you know more funds injected to the ecosystem.
But eventually the money money is smart money will flows
into whoever got to the utility, whoever got the value,

(35:13):
whoever can last longer. That's recording investment, right, otherwise it
will you know, sounds like a batting or gamboardings for
short term. I'm not exclude to the possibility for the
short term, but eventually the smartest money the long term,

(35:35):
you know investment, that's going to be the main scene.

Speaker 2 (35:39):
Yeah, absolutely, well said. You know you mentioned digital asset
treasury companies earlier. I'm curious when you think about this
trend and these companies buying different crypto assets, putting it
on their balance sheets and possibly one that may hold
VET token soon.

Speaker 1 (35:55):
Well, you know, the d T as the new concept
actually evolves like super fast, right. Micro Strategy was the
first one holding a bit going and getting much much
bigger by time, and then come up with the serum,
then come up with other portfolios. To be honest, I

(36:17):
received maybe ten to fifteen different type of inquiries to collaborate. Firstly,
it's really positive to have this kind of the concept
and also iterating the format very fast. And actually recently
I just a couple of days ago I heard I
readed the news SEC start to you know, take a

(36:40):
close look and even getting a new requirement about those
deities write whatever you try to increase the or launching
some secondary offering, you need to have all board members
or shareholders approval. Those kind of restrictions. I think it's potish,
it's positive. It's getting more regulated and more you know,

(37:03):
let's let's say, incentivize or motivate the right guys to
play the right game, but not just you know, try
to be in a short term gain or a short
term gain. Right. So also it kind of opened up
the funnels to more money to new funds, which they

(37:23):
are who the who let's say, are not able to
buy crypto directly, you know, even like the patient funds
or insurance funds. They're not gonna go to the coin
base open account and start to buy the They cannot,
right there are many regulations require them. And they played
the different strategy way, but investing into the stocks that

(37:44):
could be that could be an opportunity for them and
to the project. It kind of opened up the funnel
to new funds. But also on the other side, I
think it's just a matter of time. Honestly, when we
heard about the d A T and they're getting very
hot too. Now it's just two three months, you know,
it's extremely fast. How they iterate, right whatever from the

(38:07):
regulation side or from the player side. Ultimately, I would say,
you know, following the logic from SEC, the regulators or
the market, the smartest money we're looking at, Okay, what
is the real fundamentals of those tokens or for the
d T stocks as well, like why would I buy

(38:29):
this stock not buying that stock? Right? So let's say
it's eventually back to the fundamentals. It's just like any
kind of investment porfolio. You got to look at for
the real growth, look for the future business model, what
kind of the impacts for value you're creating. So eventually
it's the same thing, it's just a different type of format.

(38:51):
So in a nutshell, I would say the DAIT is
getting it's just getting the infrastructure to the traditional market
rating or being even better than before. And now the
game or the ball is back to its progress. Hence,

(39:11):
like what the utility of creating how many users your
own boarding? Right? Is your model is going to be
sustainable or not? That kind of question.

Speaker 2 (39:22):
Yeah, that definitely makes sense. Yeah, it's going to get
very competitive, and then you're going to have to invest
wisely to see which companies doing you know, the best
strategy and things like that.

Speaker 1 (39:32):
Yeah. And also that in the future even now getting
you know, growing like this way, if you're just creating
a company holding whatever single assets or busket portfolio and
doing nothing, it's not going to be ideal whatever from
the regulator point of view or from the market point

(39:53):
of view.

Speaker 2 (39:53):
Since we last spoke, you know, the Genius Act pass
was huge with the stable cooin market. We got the
Clarity Act coming up in the far all, which should
be really big. The meat and potatoes and a lot
of the important things of the market. You know, what
are your thoughts are you anticipating that gets passed? And
it unlocks a lot of innovation.

Speaker 1 (40:10):
Of course from different type of angles. Firstly, you kind
of sweep away the cloud on the name in terms
of crypto and the blockchain. Nobody even talked about the
SBF anymore, right so, and also that means also the
enterprise institutions have no any barriers come to the crypto market,

(40:33):
so they start to first they introduce serious money into
the market. Secondly, looking for any collaborative opportunity to boost
up the own business, secure the future positions in the
very competitive market. And also last one not is I
think it's very good to today's White House administration of

(40:58):
President Trump and you know his idea. I think it's
he's super smart and genius to set up the United States,
set up the goal to make a United States America
to be you know, the capital crypto capital of the world. Right,
and it definitely will lead secure the leading leading position

(41:19):
of the United States in the high tech basically already
leading the way in the AI, and secure the position
of crypto and also plus all of the other high
tech technologies you're gonna make, you know, simply as to say,
make a US great again. So it's quite bullish, and

(41:39):
I think any every other country is gonna follow up.
They will have to. They have they don't, They're not
gonna have any choice because eventually the choice will be
on people's camp right. Think about you know, the country
like Veninzuela or uh some underdevelopment countries. If the currency

(42:03):
system not favorable to the users, the people are going
to choose the stable coin. The people will choose the
dollars in the different forms, right, So eventually everybody needs
to catch up, needs to follow the trend because the
trend is just inevitable. So that and to the crypto guys,
that means huge amount of the users only imaginary level

(42:28):
amount of users waiting for you to on board. Then
you're going to speed up, do your thing, do your products,
make your technology be usilized by anybody in the world,
and then you will win. So eventually, I would say again,
utility will be the king. Hmm.

Speaker 2 (42:47):
Yeah, and sunny I came a wait for the day
when we you know, some of the unchain people say, hey,
there are a billion people on chain. We hit that
goal or that marker.

Speaker 1 (42:57):
Yeah, now, you know, even we talk about I think
the last time I saw the data, it's four hundred
million something or five hundred million, less than five hundred
million total crypto users. Right, but most of the users
I have to say, still, you know, just be an
exchange user. Yeah, right, they keep all of that as

(43:18):
in the exchange they didn't never use the product yourself.
But I would say it's quite common for any kind
of new technologies. Right when you think about the dot
com wave, when you think about the early stage of
the mobile phone. It's just taking time to grow. But
the king, the key is still you gotta have some

(43:40):
application people can use on every day, like people use Google,
use Amamal, use Facebook now using chat, gibt or gronk
every day, right, So you've got to have a functionality
and utilities and the real massive adoption will be there.
Otherwise it's just a treeters or investors. And if there's

(44:03):
no user, and what's the point, right, what's the future? Yeah?

Speaker 2 (44:07):
No, great point. That's why I like, you know the
better where you're doing things in the real world, you're
getting rewarded. You're you're connected on chain, right, like we
talked many times, charging your tesla or using a certain
type of cup or whatever it is. If once we
get that into the real world and people say, oh,
you mean I can earn rewards for things I normally

(44:28):
do and do better for the environment, you know, I
think once that connection is there, you're gonna start to
see a lot of people participating.

Speaker 1 (44:34):
Yeah, and eventually all of the web Stree user they
don't even realize they're using web three yeah, right, they're
just using the different type of applications or using a
super application or do this or do that in the application.
So it's it's just like today, nobody call yourself, call

(44:54):
themselves like, oh I'm an Internet used. Everybody's in the
user right, So for webstree is definitely that way. It's
in havitable.

Speaker 2 (45:02):
Yeah yeah, great, great analogy there. Final item here any
updates with Dana White and UFC. I remember seeing a
video Dana Whites that he bought some VET token.

Speaker 1 (45:11):
And oh yeah, yeah, yeah, he's great, man, he's great.
He went oh ying, he went oh ying as he
said he actually, you know, do the real thing. I
noticed some of the community wreathing up the different voice
saying like oh yeah, you know, you just give that

(45:31):
token to Danna for free. No, that's not the case.
I didn't even know before he say that in front
of the coin desk. I was like, dude, serious. He said, yeah.
I just ask him, you know, my my man to
go to the coin base, and I bought the million
dollars VET from the coinbase. I would say, wow, you

(45:53):
are a serious advisor. Actually, I believe I really respect
for that. He said, it's not because I know you.
I understand your saying. I also try your products before
I put the serious money into that and agree to
be your advisor. So it's it's just like think about
a Warren Buffett, right, he invested heavily in the Coca

(46:16):
Cola because he loved Coca Cola. He drinks like five
kins a day even when he over like eighty five
or ninety years old. That's the right logic to do
any kind of investment, especially for serious investment. If you
put let'say, one hundred million dollars in some of the projects,
you never use the product from the company or from

(46:39):
the project. I mean, it's really risky, right, So first date,
then I put his own money as an investor, and
also he become a really valuable advisor. I cannot disclose
too many details, but we're working thanks to data, we're

(47:00):
we're working U opportunity to collaborate with one of the
biggest players in the market, not the crypto market, in
the traditional market, in the high tech area, to integrate
the AI and the crypto even some wearable devices to
make the user journey even smooth, even easier. So yeah,

(47:26):
Danna has been like super supportive. Every time I talked
to him once maybe sometimes once a week, sometimes once
two weeks. I'm gonna meet him again in October in Vegas.
And so he has been really you know, only helpful,

(47:47):
but nothing else. He's helping everything and try his best,
really try his best to give the answers, give the
devices or put the right connections enable some of the
use cases.

Speaker 2 (48:01):
Yeah, I am really a grateful That's awesome and it's
great to hear the relationship is going well, Sonny. As
always a pleasure, and I'm looking forward to the future updates,
and you know we're gonna do another one maybe in
another three months and talk about the latest and greatest.
And I'm looking forward to Monday with the AI News
launching and this this is gonna be out after Monday,

(48:22):
but next week for sure. So thank you so much, Sonny.
Really great stuff.

Speaker 1 (48:26):
Yeah, always being a super pleasure to talking to you, Tony,
and hopefully we can get back together very soon.

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