Is the Stage Set for Ethereum's Comeback? MegaETH Apps going Viral & Base Tokenizing Content

Transcript

bankless Nation welcome to the weekly rollup each week I'm bringing on a different co-host to help me go through the news and this week is the last time that I do that bringing up the rear bringing up in the caboose so I have the pleasure of being joined by Brett brett is a crypto Twitter educator who's also working on Mega E brad happy Friday happy to have you h it's kind of appropriate that you introduced me as the caboose uh given my given some of my uh pictures for those who know for Yeah if you don't know some sometimes I post pictures of my ass online so um yeah and everyone likes it uh we were going to have you on last week Brad uh but the tariff news just continued to rock the world uh and we swapped in Hib to to talk about tariffs

but hib also uh I think uh underhanded us with a lot of what we're going to talk about today which is the Mega ETH test net came out last week uh it's been one of the most anticipated uh mainet relaunches that's coming still mainet not here yet but with the test net people can start to play around uh and then the Mega ETH project has really just done a very good job attracting uh unique apps like not not crypto's 200th per exchange uh but some unique uh applications that are being found and being built on on Mega ETH uh so you um you grew up your your branding educating on crypto Twitter and then decided to land uh a position at Mega maybe you could talk about just your arc

uh for people that don't know you and then talk about your the decision to to join me yeah sure uh that's actually a little bit of lore for everyone else listening is like you know you and I even talked about like potentially working together trying to do something because you're right I I cut my teeth over the last like year and a half as like uh educator is how you introduced me like I I come from a history of in web 2 where I worked in actually the the medical industry on the IT side so like I traveled the world basically talking about complex technical stuff to clinical people so like no one no one knew any of the underlying stuff so I got pretty good at at just talking about comp complex topics uh in you know normal ways uh and I enjoy it frankly i

like educating and it teaches me uh uh some of these deeper concepts so yeah over the last like year trying to uh like really take this place on full-time i I um was spending a lot of time on the timeline talking about things that I was interested in which was which was the technical stuff uh and doing it in in relatable terms uh trying to look for just basically opportunities to contribute to the uh industry and whenever I saw Meg ETH come along back in I think it was July I just reached out and I was like "Hey I got time." I'm looking for a team that actually resonates with me because I didn't want to like try to sell something I didn't believe in uh I saw that saw them reached out tried to to contribute uh more heavily bing actually took uh the

actual co-founder she actually turned me down she was like "Oh yeah join our Discord like we're not we're not opening roles but you can like hang out in our Discord." I was like "No no chance there's no chance I'm not going back to the Discord dog days uh and I just kept doing my my education stuff on the timeline and eventually uh actually in November of last year they came back and like yeah we actually need someone that's uh uh forward on on crypto Twitter that uh you know can represent us and and actually talk about our technical concepts and at that point I joined the team and it's yeah been fun ever since i think we are still in the hype phase of many of these blockchains Mega ETH included uh Monad but there's a bunch of you know not life chains that everyone is very stoked about and so

people's imaginations are allowed to you know go go pretty wild the uh line that gave us last week that I really liked was that this isn't just like a blockchain with very fast block times this is so incredibly fast that it starts to really change the form factor for what even a blockchain looks like because the block times are are so fast 10 millisecond block times that it's a streaming block chain and so the chain of like you know discrete blocks doesn't doesn't it's not really the same because of how fast it goes and maybe I can emphasize that for the listeners with uh one of your guys' oracles Redstone which is updating the price on chain on Mega E every 2.4 milliseconds and so that's 416 transactions per second of just Oracle

pricing updates uh and so things are just going so fast in the mega world uh the the hype that everyone's getting excited about is that this does is actually doesn't really fit the same form factor as a blockchain maybe you can uh share a little like behind thescenes peak of what that looks like uh on the team side of things because I know you guys have had some additional challenges because you know me is just building a blockchain that doesn't look like any other blockchain yeah I mean you alluded to it last week whenever you were talking for anyone that saw that it's just like yeah a lot of the things that we built into or have as like just standard stuff in our ecosystem just isn't ready to handle it one is just like the little like logic and like low latency um uh updates you have to do to

your systems to make stuff work but other stuff is like something as nuanced as we're used to a confirmation spinning wheel coming up right so like if you think about your user flow in our space someone comes they click swap a modal pops up it gives you a message to read it's got a little spinning dial and then after you know half a second a second multiple seconds if you're on Ethereum it goes away you can move on with your life and with us we're finding that the applications are building stuff out and a lot of these flows just straight up don't they don't work like they just like you have no time to read a message in between your click and it being confirmed on chain and we're only able to do that because we you know obviously we're in L2 so we can offload consensus

down to Ethereum and we're just really really really leaning into this right we're trying to shrink this this what would be time filled with consensus which was a block time to basically zero it's at 10 milliseconds now we're aiming for 1 millisecond and you're right like like visualizing stuff just is very very hard when you're at you're operating at that level so like you know we you deem it as like the streaming blockchain we're calling it the real-time blockchain because it feels real time it feels instantaneous um and it is just yeah it's a world that is yeah you're showing there some comparisons with like uh Discord messages uh you know Stripe payments uh and like n yeah Netflix seek like I we talk about a lot of this stuff in like really esoteric terms within the blockchain world so you know I made a

point to to write an article it's like okay like let's talk about something that you actually can relate to an Instagram story right like the time it takes for the stuff to swipe and show up on your screen and whenever you start visualizing like the time it takes for us to process with things that you use dayto-day as opposed to like some random swap on another exchange that you've never actually used it's more relatable and you kind of like understand contextually like what level we're operating on and yeah a lot of stuff breaks down at this level so the the news last week was that the Mega ETH test net was out uh what has that looks like uh maybe you can again show us a little bit behind the curtain what's what's going on now that the test net has been out for like 10 days or so uh

how has the community received it what are they doing what's happening yeah we're I mean we're just scaling it up right we're like we're pointing out to a lot of stuff that's breaking down a lot of infrastructure stuff that we realize is just not ready uh day one so uh things like you mentioned the Oracle we had the Oracle drop out the other day and it's like now people can actually build games like the one of the reasons this actually even came up is like we have we have people are trying to build games on chain and they're like oh I can't even track the person because we need to we need updates uh within these this 10 minutes like an interval and it's just you need to get stuff on par with your actual block so that we can do like you know motion tracking all this

kind of stuff but yeah we have a bunch of apps uh launching a lot of them are novel because they are consumer forward because they are uh operating at the speeds that you're used to with your mobile phone like just like a normal phone you or app you download from the app store so a few that I'll call out is like uh uh that I'm really excited about is Noise is one that that popped up that's one where we trade mind share right so it's just yeah this one is is all over the timeline and this is the only place you can get it because it's a consumer forward app right like it's it's uh instantaneous they they're replicating the the EIP uh 7702 so like there's no approved swap flow it's just all right there inside the app uh one click that everyone loves that everyone

thought brought down Ethereum um but it's really exciting people are coming to it and playing uh another one that like there's more consumer forward if you go down you can actually even see uh like Yeah so like this is GTE uh that this is our normal deck you can see a little bit higher um you can see like the speed at which the the approvals are actually happening right there yeah you see like he's clicking right there on that screen you can see the swaps are instantaneous each click is just it's swapped it's swapped it's swapped right so like for them the button coming up and showing like or the modal coming up and showing approved and then swapped confirming then swapped doesn't make sense like maybe you just change it to the button is just a color change because that's all the time you have to

process anything um and then we have some other stuff like guest best and uh euphoria is coming which is a tap trading uh uh tool but people are just like starting to ramp up starting to find the cracks in what was like a traditional app inside of web 3 and seeing how they need to modify that to work with a real-time blockchain really all of these questions getting the background of mega eth I think was to really get to what is actually like the news of the week which uh like you alluded to noise is just on the timeline everyone not not everyone but like a good number of people are talking about noise which is again a app a mega eth app that's on testn net I think the construction of noise is pretty interesting it ingests a kaido oracle about mind share of a particular subject

or a project or you know something category uh and then it creates say perpetuals exchange around that oracle and so the oracle is a single source of truth and then people can go long or short on the movement of you know the growth or decline of mind share uh and so people are just like being able to bet on the mind share of particular projects and so if they think this one thing is going to have more attention in the future they can go long if they think it's going to have less attention in the future they can go short uh and this is inside of the same cate we're going to talk about later uh the base creatorcoin debacle but this is actually in that same category of we people are very interested in trading mind share and this is what Allon from Pump Fund

likes to say is what Pump Fund is doing is actually culture coins memecoins they're actually like mind share markets uh and I people are trying to find more ways just beyond pump fun like you know static memecoins to trade mind share and that's what I'm seeing happen with noise and I think why a lot of people are making noise about noise yeah the uh so like you're you're correct and I'm person I'm personally not someone that gets in the trenches deeply right like I'm not and they're playing a bunch of meme coins because I understand the probabilities of of like being directionally correct but picking the wrong coin right like AI agents came along you would be like AI agents is is going to be a thing like you can clearly tell everyone wants it but there's a gajillion gajillion coins and it's like I don't know which one to pick was it

AIXBT is it you know I don't know there's like a thousand of them right fartcoin like they're all like they're all have their own cutup stuff and it's like I would like to to say that I believe this thing is going to be a tra a trend which is their tagline it's trade trends um I wouldn't believe that this is going to be a trend and it will be something that people will be talking about but I don't want to spec I don't want to pick a specific coin uh there was actually a tweet that uh we fired off around Ethereum where it's like uh if you're in ETH or if you're in ETH pivot to # ETH because ETH has been like the conversation for a very very long time and like mind share for ETH is trending up whereas like the price unfortunately has been trending down a

little bit so it's like that that specific uh uh outcome kind of shows you what they're trying to go for and to be honest I was a little worried that um uh this would be too easy right like you in something like this you need people to lose frankly right like you need people on the other side of a bet to make sure that you're actually like being able to fill up the order books uh and I was like it's too easy you just pick trends and you're doing stuff but I'm losing my ass on on test net so I am now happy to say that there there might be a product here because like Yeah it's it's not as easy as I thought i'm getting blown out on a few trades it's But it's like test debt money right it's not real money yeah of

course of course okay okay all right i'm just like you know I I picked the wrong trend i I thought it was going down for sure and it it did not at least according to uh Kaido right yeah there are a bunch of different constructions about these like mind share trading applications that are cropping up uh and even even Zora is trying to position itself again like I said we're going to talk about the uh the base uh token debacle uh anything else going on on Mega E that we should know about before we move on yeah so like a lot of the apps that I we call in that that um that article which is like about Omega is like only on mega apps uh a lot of those teams are are born out of our incubator our accelator accelerator right so we have a mega mafia program where it's

like we've co-lived with you know upwards of 15 teams 18 teams for 30 days at a time we did Berlin and and uh Chung Mai before DevCon um last time and we literally help them like do everything they need they go through raising they go through uh uh finding co-founders they go through like PMF like working on their product you know go to market all this [ __ ] um and a lot of these these applications were actually all of these applications were born out of that outside of guest best and we're we're going to do another round of that uh I think you should see an announcement here soon um and I think it's a very exciting opportunity for people to really come to us uh understand our technology work closely with our our technical team our engineers actually like dictate some of the the outcomes of

the chain like the current mafia team cuz we meet weekly to to go over stuff help them do things like we've specifically implemented things on Mega ETH because they've been requested by the teams that are building on Mega Eth because like we want to be the best place for that uh and we're going to open up another cohort here soon and it's an exciting opportunity so I would say look out for that i know you guys are just getting the preliminary data from the test net right the test net went live like 10ish days ago so you still have a lot of test net left but if you had to give a best guess about when mainet would come are we talking like you know this year Q3 Q4 are we waiting to next year what What do we think yeah I think Q3 is a is probably comfy cool

yeah yeah we're trying to be aggressive with it like on balance like I think the um one of the the mindsets we have obviously we don't want to jeopardize anything like but some of the some of the things that have been uh seen as a downside in the past right Salana's going down because they're being too aggressive they're scaling too fast like some of the stigma associated with being just like hyper fixated on performance and moving fast breaking things a little bit of that fafo energy like we're not afraid to to maybe step into that realm obviously we want to avoid it if we can but like you know we're trying to be aggressive all right let's pivot into uh let's go back down to just ETH not mega ETH we're going to talk about the strategic pivot going around in Ethereum the slow strategic pivot is kind of what

I'm calling it uh there's going to be an episode that comes out with Dunkrod and I'm so hyped for it yeah yeah it's going to be good and that's that's where the words I I don't know how the words uh strategic pivot is going to land with the Ethereum community but I that's what I'm like kind of like branding it as it's a slow strategic pivot uh we're going to get a lot of this conversation before we get into that conversation about all the tweets that went out about uh Ethereum slowly pivoting first a message from our friends and sponsors over at Wallet Connect wallet Connect if you don't know what it is it's a bridge for signing transactions and messages between apps and wallets used by over 255 million connections 40 million unique users uh they have recently introduced their last building block of

the Wallet Connect stack of course the wallet connect token after Wallet Connect has eight years of development they're doing their token at the very last stage of the development uh I think it was pretty admirable that they waited until the very very end i recently had a conversation with Pedro Gomez on Twitter about this uh doing the token last not first it was pretty cool uh if you are familiar with the visa model or even the swift model of messaging and uh ownership uh this is not this is starting to follow something similar like that where ownership over wallet connect is being passed around to people sending the messages uh and wallet connect's finally ready to embed itself deeper into the internet and it needs to launch a token to do that to make their nodes permissionless so if that just piqu you follow wallet connect on

Twitter there's also bankless.cc/walletconnect to stay ahead of what's next all right let's go ahead and get into it that one actually surprised me by the way like well the the their specific uh token I saw it and I was like that doesn't make any sense what's going on but then I read into the documentation i'm like oh okay there's actually like full infrastructure that's going on behind the scenes and it's like okay like they're actually trying to spin up some of this stuff like like this surprisingly like I see this okay cool i think that was a lot of people's first reaction that was my first reaction to the wall connect token is like this is a piece of very thin middleware why does this need a token and then you and then you I Pedro again like watched that watch that video gave a very coherent very like rational pitch

as to like this is a going to be a like commonly owned share like infrastructure shared by wallets and and everyone and uh and and then now we get to actually embed it deeper into the internet by decentralizing it allowing people to permission permissionlessly run nodes and be like stakeholders of the network which is exactly how Visa and Swift bootstrapped their network it's It's actually kind of brilliant yeah kudos to them yeah big kudos to them yeah okay so there is a bunch of tweets that went out outside of the Ethereum community one from Tamas who is the incoming executive director of the Ethereum Foundation which he uh had a delayed start um he signed he agreed to sign the job but then he has a bunch of um uh just he has his role at Nevermind which he I think

he needed to appropriately uh sunset or at least just you know put on the back burner justin Drake put out a st a tweet that uh talked about scaling the Ethereum layer 1 by 1,000x a very classic Justin Drake tweet followed up by a tweet saying that uh the Ethereum layer 1 will be for the top.1% which did not sit well with people the context matters we'll talk about that uh and overall there's just been a growing rabbling of interest around the Ethereum project so we we'll start with this Tomas tweet he tweeted out I've this week I officially signed the contract with the Ethereum Foundation i have been waiting with some of the communication until this happened then he talked about a delay on his side but I'll skip skip through that he says "Since the

beginning of March I have had around 150 calls and in-person meetings listen to feedback and constructed a very broad strategy document." I think that particular thing the idea of a broad strategy document for the Ethereum ecosystem is something that has been missing and I think this is being represented uh the the shift in in strategy the the pivot in strategy from the Ethereum project the Ethereum ecosystem is like being is is uh symbolically represented here by this new executive director coming in creating a strategy document any takes here Brett yeah it's just good to see some opinion coming out of them right

like it's that that's kind of what a lot of people have had uh against the ecosystem broadly so is it kind of like how do you define yourselves what are your goals right like you've been clobbed over the head with the IBRL of the Salana road map versus like the picture of the 10year 35,000 item whatever splurge gurge merge durge like stuff right so like that that doesn't resonate as quickly with people so it's good to see like you know there is some top down and remember it's a decentralized protocol like he can say all this [ __ ] uh and it means nothing i actually think I I quote tweeted this one specifically and I was just like it's kind of wild that he's coming forward with a lot of these these uh posts because it's almost like you're in an all hands meeting back in like if

you're in the corporate world right like it's uh you would have these meetings where the the boss comes down and says this is what we're aiming for this is direction what we're doing these are some of our steps these are the people we're meeting all this stuff and what's going on with that is like it's wild he just shoots that off into the ether here with crypto Twitter because like we're the people that he cares to like rah rah right yeah I got a lot of tweets going out these days um uh uh so he we're the people he's trying to rah and with that like and he still doesn't have the power to actually change anything right because you need to convince all the client teams you need to get social consensus you need to do all this stuff so it's just interesting to see someone

that is serving as almost a CEO role within a decentralized ecosystem doing his best to to build up conviction in the direction that he in the vision that he sees so uh it's needed for sure mhm the um the episode that I did with V um Onscar and Dunkrad uh did illustrate that there is this coherent again strategic pivot in like I'll I'll kind of identify so I'm writing an article that'll come out on Monday and so I'll identify like the the five maybe there were six article uh six points that I collapsed into five um but these uh where this strategic pivot is uh being manifested so a doing after this podcast with Onsgar and Drad they just helped

identify that something that I think the community has broadly known which as at the core of Ethereum's issues is a strategic misalignment between long-term ideals and short-term execution i think everyone kind of generally understands that but that problem has manifested in its own way in different parts of the Ethereum like eco social techno stack right so there's the layer one underinvestment because we the Ethereum project zoomed forward 30 years to do this like rollup ccentric roadmap thing same thing there's a product mindset deficiency there's a leadership vacuum with organizational ambiguity there's ivory tower culture and then layer 2 fragmentation and I think all of these are kind of downstream of this same exact issue which is a strategic

misalignment between long-term ideals and short-term execution and I'm seeing uh again heavily informed by this podcast with Onscar and Dankrad that these five things are being addressed one by one because again it's the same problem manifesting in five or six different arenas but it's they they're being addressed one by one and this one what we're seeing from Tamas is the leadership vacuum uh and organizational ambiguity and this broad um broad strategic like um what what did he call this he called this a a very broad strategy document i think is helping align all these stakeholders to first off he's he's being a much more stronger executional force than I think IO was uh

but then he's also creating this document for reference across the ecosystem that I think can uh remove some of that organizational ambiguity and kind of get everyone onto the same page that's at least what I'm seeing yeah I'm super excited to hear those two talk because like Dunkrad's been one that's been very vocal like he's been the the counterweight to Justin Drake I would say on the timeline for the last year maybe a little longer like he's been very vocal that like he does not believe in this the like the virtuous you know 10ear vision he's like we need to deliver value to the mainet we need to make sure value acrruel is something that we're discussing he's just he's been very forward with that and I he's been open about it too which is you know refreshing I followed him put him on alerts a long time ago um and Onscar's

in that same boat i remember in like a lot of the blob discussions cuz that's actually where I I earned a lot of uh attention within the Ethereum ecosystem when I saw the blob stuff come to market i was like guys this doesn't seem to make sense like like broadly like how all these things hey the misaligned incentives all this [ __ ] and Onscar was someone from within the Ethereum foundation that was just like yeah I actually see this too um I think we can deliver in X Y and Z ways it's very pragmatic very like uh direct and but very like not head in the sand with with how we viewed everything and then we we talked on the stage with uh um Saucil and and Onscar and and DevCon which was awesome just to have that counterpole or counterpoint um but yeah I I I'm excited

to hear him talk about stuff and I think the the directional stuff again it doesn't have to be very super specific i'm glad he's saying broad like as long as you have some directional stuff for the ecosystem of line around I think it's uh it's good news for everyone do you remember what the thing was that what didn't make sense with the blobs was it just simply that there's just not enough of them for me uh yeah the thing that when you were saying the the thing that you cut your teeth on with getting attention from the Ethereum community when you're identifying the lack of like pragmatism was it was it just the lack of total supply of blob space or what do you remember what that was for me it was just like a lot of the misaligned incentives that that that injected into

the the model like I I know I come from the school bank list like I've been listening to you guys for years right so it was like I was so fixated on ultrasound money and this stuff and I was like guys this nar this narrative is going to blow up with this like it's it's going to die because of like the you know a lot of it being uh non-obligatory posting to the L1 not even utilizing blobs like a lot of the incentives to like just kind of shift away from them entirely to alta like meg we're using alta because ethereum just is not big enough to handle the stuff that we're trying to do yeah it's a it's a pragmatic decision and I like now on the the performance competitive uh vertical right you have chains like us that come forward and the everyone

that's in the middle of the path that's a true rollup is going to see us and go well the users don't give a [ __ ] right the users are going over here because it's a better experience they don't care about the underlying they don't do whatever it's like now they're forced to compete and like they have to make a decision between like do I post post down to Ethereum pay a little bit more cost my users more stuff i'm slower i can't I literally can't be as performant as I want to be that's what Bass is fighting with now and like now I'm in a position where I have to choose between like quote unquote alignment maybe some underlying technical properties or being the best chain I want to be to compete with people that are like already made that decision right and like I just saw

a lot of that and I was like with all this stuff in line like we're still not even we're still not over 50% capacity with blobs we're actually even going down a little bit these last few weeks um after a year it's been a year since they've been released saturation isn't here and we're trying to blow it up even more so it's just like I don't I didn't see it as something that would be a long-term value a creative thing for the ETH the token mhm so this has resulted in a reconsideration of what the Ethereum layer 1 is doing inside of the Ethereum ecosystem like broadly and previously there has been communications uh from the EF and then therefore us at Banklist because we we saw the vision and we we pared it but the idea of like getting off the layer one like Justin Drake said

this at least a couple times on bank podcast that we had him like that the layer one is not for users get off the layer one the floor is lava These are lines that we used to say and now everyone is starting to like okay well may maybe actually the layer one is the place to be uh and Justin Drake after I asked does anyone remember which episode Justin Drake said this because we've had so many Justin Drake episodes I couldn't remember it turns out there's two of them uh he said um here's my updated stance he's we can scale the canonical layer 1 EVM by 1,000x from 10,000 transa 10 transactions per second to 10,000 transactions per second using ZK EVMs this is something that like a lot of the Ethereum researchers are pretty stoked about is the idea of ZK VMs um the while

this seems like you know moon math and it kind of is uh they're all everyone is pretty excited about this not being a long-term thing and instead being a medium-term thing on the one to twoyear time horizons uh and he just does some some basic um uh explanation and talk about how like you can get to up to 10,000 transactions per second on the Ethereum layer 1 in like a 2yearish uh time horizon uh and then uh Storm from Paradigm says ZK VMs are very exciting however I still think you should explicitly disavow the stance that the layer 1 is not for users even if you still believe that most activity will happen on the layer 2 layer 1 quality is critical messaging these who shift from a layer two centric roadmap

to a layer 1 and layer two road map which I love that idea a layer one and layer two road map and then Justin Drake follows up and says on Twitter again I hereby disavow the stance that the layer 1 is not for users and I read that and I'm like that is great and then he follows up with he says it's for the top.1% early adopters rollups wills arbitrageers institutions enterprises nation states now I get what he's saying here there's going to be infinity transactions in across all types of blockchains eventually there will be infinity trans there will be more transactions that anyone can count and so what he is saying here is that Ethereum the layer 1 will represent the top 1% of the most valuable transactions right DeFi anything that has any

meaningful amount of gas fees like just the most valuable one top 1.1% that does not read well to anyone and it is what I will call extremely high dunkable surface area and that's exactly what happened on crypto Twitter yeah man like this is so bad because you're right like you had shown my my picture before right of like uh you know the current overlap is 100% within L1 L2s and like this is what it needs to be right like Vitalic put it in his blog is like one of the directional things you can do and like he's saying the exact same thing right like he's saying the exact same thing it's just whenever you're never going to find it you might um Okay no just you here it is i got it yeah yeah there you go so like so he's saying the

exact same thing as this except whenever you see this everyone can insert themselves into this the bottom picture of like I'm the one that can stay on Ethereum main and I'm the one that can do whatever but whenever you say.1% you immediately turn on especially in like this new like uh um new political landscape where like everyone's against the richers and everything is like oh the the.1% the elitist like the oh you want to do it so like it it it invokes something that is deeper and rooted with everyone but he's saying the same thing like which I totally agree with I think it sounds like you do too it's just that like yeah man like you need users because users are are this all boils down to value acral like that's that's all this is cuz like there there's a future where Ethereum is

Ethereum I'm going to say with quotes because this encompasses all the L2s and whatever rolls up in there like addresses the capacity of the world and can handle infinity transactions and everything's great and everyone's on chain everything's cool but if that doesn't result in Ethereum the token price going up like I don't know that everyone's going to be happy right cuz everyone has an underlying like I want to have a piece of this because I was here early i want my thing to go up because I got in early i want ETH to be valuable ETH the asset to be valuable and this is a a step towards like trying to get that right you need users on the L1 because that is the one to one SCOP uh correlation with fees acrewed right you need usage you need that dollar 100% of that dollar to go to Ethereum as fees

or whatever so that people can do their discount discounted cash flows even if you don't believe in that you need people to like be able to put that in their mental model as like a conviction for the asset like you need some of that element there and by offloading 100% to the L2s right the actual fee acru I saw roll up some rollups today like 95% of every dollar so 95 cents of every dollar was going to the L2 team like that's just it's just not a sexy picture and it it's gets fuzzy for people so yeah yeah downstream of this you're seeing uh people like Kane and Kane is just one of many people who are tweeting out the same sentiment where he says "Literally spent the last six years of my life helping to meme layer 2 into existence only to land back on mainet cannot make

this out uh per v4 make mainet defi grading." He's talking about talking about uh synthetics but there's just been this general shift towards the Ethereum community that like oh uh the layer 1 is actually a fantastic place to be despite its flaws despite its 12-second block times it's actually got the richest DeFi ecosystem it's got the most volume it's got the most users uh or maybe not the most users but uh just the most activity the most broadstrokes activity and so there's been this general shift of like oh let's let's actually go back to the layer one it was it was nice there the campfire was warm let's go back feels great again with the gas down like under one guay like you're shooting fire you're shooting transactions off like yeah the the wait time is not awesome but like that like

it it doesn't have to be a salana like that's the thing like it it doesn't have to be the most performant it just has to be a little more inhabitable for apps it has to be somewhat practical for a lot of this stuff and so shorten the block times increase the shorten the the finality window uh you know uh increase the gas so you can have a little more capacity so gas isn't going crazy with with a lower amount and yeah man like that's all it has to as long as it preserves the properties that that Ethereum is clearly number one at right it is the most it's never gone down right most had a finality issue before but never gone down it's censorship resistant it survived a literal attack from the US government like no other chains can claim that right now with the

tornado cash stuff right it's it's got all of these properties that it needs to maintain as being the number one thing as long as it can maintain those things and then like be as performant as possible while maintaining those things it's it's undoubtedly going to be a top chain uh in response to Justin Drake's tweet where he talked about scaling the layer 1 from 10 transactions per second to 10,000 transactions per second you put out this tweet uh which is like a this you say this is how these posts always feel to me and then you give the draw the rest of the owl meme so in step one we have like two circles which slowly will represent an owl and then in step two there's a whole beautiful like well-drawn owl so the idea is like we're missing the middle stages can you

elaborate on that because I actually wasn't totally sure what you mean yeah you actually talked about it a little bit with the Tomas stuff which is just like you know Ethereum is at a little bit of an inflection point right now and there's some people getting genuinely like uh disenfranchised or or disillusioned with with Ethereum the asset Ethereum the ecosystem ethereum even the the broad strategy so that they're like I don't see a vision in this stuff I'm leaving so for me and this is builders too right people that are building apps on the chain people that already have been building apps on the chain chains if you include L2s and what's happening for me is that like okay like he's he's talking about this future where like don't worry guys like eventually we'll be able to handle 10 million TPS cuz he literally called out

10 million across all the L2s i'm like it's like who like you the numbers don't go from 10 to 10 million right the numbers go from 10 to a thousand to 10,000 to 100 thousand and so you need to have people who have conviction and want to build and want to contribute and want to grow for the duration of that because if I build a chain today that does 10 million TPS but no one gives a [ __ ] about it I'm going to do 10 TPS right like so I was just saying uh which reiterates your Tomas stuff which is like we need someone to carry that middle ground to make people care about the today and improve the tomorrow so that they build for the next year right so like you need the full journey you can't just be like "Don't worry guys

it's coming 10 years from now." I actually think you and I had this exchange a long time ago too with the economics of um of roll-ups where it's just like I like guys this isn't profitable we're losing like losing up to blobs like ultrasound's going away and then if you're like well don't worry we'll have 10,000 L2s eventually and like yeah but like think about the journey going from five L2s where it's like a dominant dominant two of the five or we have 100 now so dominant five of the 100 to like 10,000 L2s like if no one cares to like participate in the Ethereum ecosystem from that 100 to that 200 to that 800 to the,000 like we'll never get to the 10,000 so like you need to to have the full life cycle yeah the there's a line from John Sharono that has stuck with me uh maybe a couple

lines which was um uh path dependency matters and all time frames are important it it's great to have this ivory tower like long-term road map like the Ethereum community has a very strong conviction that it has cracked the nut of the idealized blockchain architecture that is like 100 years in the future and it's trying to zoom straight forward for it uh but path dependency matters and all time frames also matter and so ignoring the middle time frame ignoring the short term and the medium-term in order to just zoom towards the long term will create a certain path for getting there that will result in I think what we've seen in the last two years of of crypto history which uh has ignored all

time frames and uh just only focus on the longest of time frames and has allowed people to take advantage of the fact that Ethereum is not looking for the at the near-term or even the medium term and it's only blindly looking uh at the long term yeah it's the expectations versus reality um bicycle map right like you have the expectations like oh straight line we'll just keep growing we'll just keep growing and we'll get to 10,000 but then the act reality is like oh you rode a bike through like a creass and then you have to go on a tight rope and then you have to dive down into a canyon and then so like it's the journey is much much much harder than you would like to think whenever you're talking time horizons that are Yeah from 1 to 10,000 we got a couple tokens we uh

we're going to talk about there's a base has started coining some tokens on Zora and then also there's the uh collapse of the mantra token uh and so there this has implications it's not just about price action but I think this has like cult like community cultural implications about what we do about these things uh and also the the supply of total liquidity in crypto might be less than people thought uh before we get to these conversations we're going to talk to some of these fantastic sponsors that make the show possible unis swap is your gateway to a more efficient DeFi experience with Uniswap swapping and bridging across 13 chains is simple fast and cost-effective helping you move value wherever whenever thanks to deep liquidity on the Uniswap protocol you'll enjoy minimal price impact on every trade and now Uniswap V4 takes it even further swappers benefit

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account with a pass key now there's no seed phrases in Infinex this is a one-click setup with biometric pass keys but in addition to that my Infinex account is fully non-custodial so bam I just logged in it was two clicks and I'm already into my Infinex account so let's go make a switch i'm going to go switch my USDC that is on base and I'm going to buy Barachchain which is a completely different chain uh so we're going to switch this i'm going to press that button and then Infinex is going to execute this order this crosschain order for me and now it is done but actually I'm not really feeling bearish anymore so I'm going to go from Barra uh to Penguins i'm going to buy a Penguin on Salana so I'm going from the Barra chain to Salana see no transaction signing no

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adopters fra isn't just a protocol it's a digital nation powered by the FXS token and governed by its global community acquire FXS throughfra.com or your go-to DEX stake it and help shape Fra Nation's future ready to join the forefront of DeFi visit fra.com now to start earning with FRAUSD and staked FRAUSD and for bankless listeners you can use fra.com/r/bankless when bridging to fraal for exclusive Fraal perks and boosted rewards brad let's get into the drama of the day bass tweeted out a tweet uh yesterday this is 18 hours from the time of recording uh a tweet basis for everyone which is just a screenshot of one of their marketing videos that came out and then they followed up with that tweet just saying coined it and

then linked to a Zora link and Zora if you're not familiar with Zora Zora is a place to tokenize files JPEG files MP4 files GIF files or any kind of any kind of file uh and so they just released a coin of their marketing video a screenshot of their marketing video uh and just yeated it out there not really any context or any sort of plan just said coined it uh and then released it uh and then they and then so that people started trading it uh and it instantly went up to something like a $15 million market cap uh and everyone's like did Bass really just release a coin uh and this is a this is an NFT that actually gets fractionalized into an ERC20 token

so it being an ERC20 token you know fits the form factor of a memecoin it's a memecoin it's a token with a picture uh and so you know the DGEN started going after it and it pumped to 15 or $18 million they followed up an hour later with another one saying "We coined our Farcon poster." Far that's a forecast convention poster on Zora so they followed up with a second tokenized picture on Zora which immediately caused the market cap of the first one to go to from let's see where was it $18 million uh down to 2 million in a blink of an eye so like erasing 15 million of gains so the gains the $50 million did not exist and then it then it did exist and then it went away again and then

everyone was like did Bass just rug their community and that was the line that got like chanted around crypto Twitter is like Bass just rugged their community i don't agree with that line but that is the line that got like chanted around crypto Twitter brad what was your thoughts when you watched this happen man this this chart pattern is something that was not in the wilderness very often but has been and they're deeply because you talked about the the uh mantra one too very similar candle there um so I think this is a a example of a horrible horrible execution for something that maybe isn't as malicious as people are trying to interpret it as and Jesse has talked about it a lot right he's he's talking about he's

trying to define now culture coin or no content coins instead of Yeah content coins instead of meme coins and like do this whole thing which is like you can't force this stuff to happen man like you just can't uh you just kind of do your thing and I think where they [ __ ] up is they should have forecasted their plan ahead of time before doing it and I think what he's trying to get to here right is like the this chart pattern is a byproduct of this ecosystem not being saturated saturated this stuff not being normalized these things not being just like a you know something that everyone does and you can use them as collectibles cuz like as a collectible yeah sure it makes sense like if I want to buy this thing ERC20 is probably a little easier to buy it than a NFT like

open edition so you know sure I get it um but what they should have done is come to the table and said like "Guys we're going to post a bunch of this stuff and we're going to tokenize all of them be ready right because then people aren't going to ape into the first one and do the second thing." I think um what he's trying to get to on the other side of this is like if you were to launch an NFT collection today in 2025 right like if you would have done it back whenever they came out because it wasn't like a normalized just like saturated thing like every chart was going crazy you buy and you buy whatever's got happening because it's the first one second one whatever and you sell it like 5 minutes later for x amount of dollars he's trying to get to

the 2025 version of NFTs where it's just like oh it's an NFT like I don't care i don't want to end into it like the speculators aren't speculating it's just people buying it because they think it's kind of a cute picture and like they don't mind it as much uh execution to get there is not been the the best i think I I agree i agree with agree with you i think there are are two mistakes it's the one you just identified which is I I'll actually kind of contest that content coins and memecoins are not different things uh they are actually the same thing uh and it's more as aspirational to think that content coins are different from meme coins because they are it's just a fungeible token with a picture man uh and like all of the you said specialized NFTs right like

we've had these forever and the so Jess Jesse has this like picture of uh like um the comparing a content coin to a memecoin right like a content coin is uh no expect has no expectations versus a memecoin has high expectations right content coin you can create many content coins with meme cocoins you should only create one coin uh these are all opinions about how the market should behave and that is not how the market works uh and so I think that that that was a an error and then I agree with you as well like they should have like alluded to informed the market that there will be many of these things you could have actually if you were paying attention to base and Jesse's messaging they said we are going to make uh tokenized content on Zora we are

going to do that and so there so there was an attempt out there it wasn't perfect it wasn't clear it should have been tagged along with that first initial coin so I think there was a couple mistakes here i will also say people took the opportunity to just twist the absolute f on the knife that the the the rabblers on crypto Twitter were trying to stab into Jesse uh and so the the rabbling in my opinion did not match the event people were like "Oh Jesse made a mistake let's take this opportunity to really just dog pile the absolute f out of Jesse and base." I'm sure that that was very frustrating for Jesse he didn't I don't think he deserved it he did he did make some

mistakes they did make some mistakes i see what they're trying to do it uh they tested in prod um and but I do not think the rabbling matched the actual event i think the the worst part about all this stuff is because I think everyone like almost universally thinks Jesse's a good person like I think he's he's a good guy just trying to help he loved people he he believes in all this stuff he's trying to do good but like yeah this this tweet reads like "Bro you can't make fetch happen situation right like you're trying to make just don't force And then you know after the fact again with all the good intentions he's trying to go on spaces to talk about stuff and he hops into a space that's run by scammers because scammers run their b their spaces up and that's like but he

was unaware right he's just an innocent dude walking into innocent sheep walking into a wolf's den because like that's just what these people do and it's just like yeah I get it that's unfortunate but like you know the you can't dictate the market like you said yeah yeah i think I think I listened to that same space that that you're alluding to i listened to a clip of it and there was this one guy who uh talked about how he was he is and was building on bass and he because of the complete stupidity of the bass team he now is not going to build on bass anymore because of how dumb and stupid and bad Jesse was and I was listening to this guy like just like again dog pile on Jesse and I just felt like this was cringe virtue signaling to base haters it was like basehating

virtue signaling which is how crypto Twitter works which is so frustrating because like he's just trying to do something good the dgens and traders and speculators turned the meme turned the token into a memecoin chart and then the chart did memecoin things and then everyone is like surprised uh and like yes like like we said there were some mistakes made with the launch but nonetheless like no crying in the casino yeah man yeah it's ruthless out there and like like like you were pointing out to the the way in which they addressed it there's a ton of spaces that they could have gone on that are run daily by good people doing whatever and they would have actually like talked about it and they maybe just gave him like straight up like bro advice where it's just like guy you're like dude you [ __ ] up whereas yeah if the one that

he targeted because it was run by people who sensationalize everything and they know sensationalizing stuff is going to get even more people into their space and build their clout and do their stuff so they can sell a coin you know 3 weeks from now like that's what they optimize for and yeah they they did it yep yeah yeah i did really appreciate this uh taxonomy from Eddie Lazarin who works at um A16Z uh chief CTO of A6Z uh really smart guy we've had him on bank list before he tweets out it's true that not all tokens are created equal but the right way to classify tokens is according to their technical legal and economic properties and he gives out this taxonomy which like is a pretty like defines the different form factors for tokens out there so there are security tokens companybacked tokens

arcade tokens network tokens collectible tokens assetbacked tokens and this the process that they came to for how they defined this these six types of tokens is like a pretty is pretty like intellectually rigorous like they have really worked through the idea of like uh it's one of those like yes no charts right so does the token have inherent value if no then it's a memecoin if yes then there's another question is the tokens primary value primary derived from a country company controlled system if no then it goes in in one way if yes in in this way so he defined this to token from base as a collectible token uh and I so I think this taxonomy helps define the structure and that is so

rather than like saying like no this is a content coin not a memecoin I think that the correct thing is actually look at the token taxonomy the the form factor for the token and judge it based off of that i I enjoyed the take from Eddie and this goes right back to your initial like deduction that this is like this is just an NFT like collectible fractionalized NFT right that's that's all this is and but yeah trying to trying to recategorize or come up with a new category entirely is probably not the move um had people just said like it's an open edition open edition ERC20 or I don't know how the hell you want to try to say it but like yeah it was just framed improperly the funny thing is um after the token dumped from 15 million down to $2 million it breached all-time highs so

all the people that were like harping about how base rugged their community or is objectively wrong because it I don't know where it is right now i tweeted this out a few moments ago let me we I can go look at it but it dumped at starting at like $17 million and now is at like 18 or$19 million market cap yeah my my brain is so messed up that like I saw this coin and my im my brain immediately went to like I bet activity's up i want to look what the blobs did so like I started looking at the blob breakdown to see what the burn was and like who's who's dodging posting blobs and all this [ __ ] uh yeah all right well the the the t the charts at $13 million which I think is pretty funny all right let's get into the the

next chart that went down 90% in a very short amount of time and this was a a bit much much bigger of a token so by comparison the uh token that we were just talking about the base token that was a $15 million market cap token the Mantra token was something like uh $6 billion no excuse me it was like a $25 billion market cap dropped 90% down to something like5 or 6 billion uh the details behind this like how this happened I think took a while for people to figure out because people initially thought it was crime which I think is a pretty like normal reflexive by crypto let me see that looks like a crime candle it does look like a crime candle yeah let's see if I can pull up the the uh the candle i'll

pull it up in a second uh crash the OM token crashed 92% in six hours from $6.40 down to 57.6 $6 billion of market cap wiped out uh there were reports of um investors in the token sending tens to maybe $30 million of tokens to the exchange days prior but nothing at all close to the actual uh drop of the the token what I think people have collapsed on in in the theory of like how this happened was that it was a perpetuals exchange cascading liquidation so it wasn't it wasn't DeFi cascading liquidations it was uh very poor liquidity in per which uh triggered just a cascading liquidation of just like one

or two million getting liquidated that translated into like seven or eight more million getting liquidated which took the price down from $6 down to $2.8 which the big takeaway here is that OM had not enough liquidity to manage these cascading liquidations and maybe shouldn't have ever been as high as it was priced that was my big takeaway what what were you thinking when you saw all this uh so like I was just watching in real time and trying to see everyone work through the actual crisis of it everyone being the team right cuz like the founder uh Mullins I forget JP Mullins I think it is he he tweeted like 3 hours before like hey I'm going on a plane like don't have Wi-Fi that's my biggest nightmare lol and then he's you know away from Wi-Fi for 12 hours going

to seal and then this happens and so everyone's like what like did he rug did he do whatever and then he gets there and immediately goes on a campaign tour of like trying to like address what's going on with the worst uh like handling of the situation i guess I could say he's going on Coffee Coffeezilla right and like incriminating himself as like someone like just like Yeah you have this little clip here it's just like talking about like pumping the price and like getting into definitions around that stuff he went on a few podcasts and did the stuff and he just he looks horrible so in he did the Hayden Adams not Hayden Adams yo sorry Hayden he did a Hayden Davis strategy same thing and but like which is funny because this is shortly after the buy bit stuff right where the crisis management was like

impeccable right like it was a master class and then now we have a you know six in a row of these events of people just like going on and saying the dumbest thing uh so it was just fun to see in real time frankly as someone that's not impacted at all yeah yeah so what was your what's your takeaway what was your learning lesson like OM is OM I don't even know if too many people are like familiar with OM it's a layer one that is meant for real world assets and so this is kind of just like mo like kind of away from people's general focus of attention i learned there's some lore to this right cuz like I'm not deep in the polka dot ecosystem but my friends yeah my friends who are said like okay uh Mantra is actually something that was

launched back in the day you may remember Poker Starter which was like a launchpad way back in the day they had launched a bunch of things that were uh kind of used the branding the like the brand name of Polka Dot even though they weren't affiliated at all and a lot of those projects were just like not uh wellreceived and or long for the this world a lot of them went down to zero uh so this was a project that was launched through that uh and stayed in the Polka Dot ecosystem but even people within Polka Dot I have friends that again they're trench warriors inside of Polka Dot they're like no one's heard of this thing no one uses this thing like it's it's just like got like $4 million in total uh TVL on the chain like it was just not a very uh uh aware they were

not very aware of the the ecosystem and then so to see this they were not surprised and they're just like yeah it's it has a a pretty uh illustrious um history inside of dude this chart looks like crime man look at this thing so the to the token chart goes all the way back to September of 2020 where the price was that candle is so that kind that candle is so so stark it looks like just the end of the graph it looks like it's like it didn't like register today like so that's all that is but no that's the that's the price it's crazy that so has five years of Lindy like it's existed for 5 years and for the vast majority of its time it spent its lifespan between 6 cents 6 cents and 20 cents and then you

know in January of 2024 it starts to actually break through it goes from 6 cents to 75 cents in May to a dollar and a half in October and then you know in January of this year up to $4 and then it gets up to $7 at the peak seven or eight dollars at the peak and then it goes to zero and like just the shape of that graph to me is highly suspect yeah there was a lot of commentary around the uh the market makers assigned to this and you saw some of that on the other side of the actual fallout of this chart where like okay like if like I don't know if they're actually a US entity but like the SEC is coming forward some guidelines on how these these projects need to dis what they need to disclose and like saying the market makers saying

like the agreements they have in place all this [ __ ] so that us as ecosystem participants can see like who was behind create potentially creating this chart like if we do see some uh suspected uh susp suspect repeat patterns like this and like we believe there is some manipulation maybe if this is repeated across multiple projects we can like find patterns of like maybe not the most genuine price action across projects yeah I did see a tweet uh maybe yesterday and it had six or seven or eight different tokens and all the tokens had the same I mean the market has done very similar things to tokens between 20 and 200 but like it's kind of unfortunate for us all of us in the industry that if you can go and you can

pick out you know throw a dart and you'll pick out a chart that looks like it has been going down for two years in a row uh and even worse with like doesn't even have a main net um uh I guess I don't really have a comment there but a lot of a lot of token charts look exactly the same right now there was some news on that one though too right the I thought uh Rishi was at um yeah I don't know what's going on with with that news blockworks reported that uh Rushi has taken a leave of absence rushi again Rushi is the founder of Move rushi denied it saying he's totally with the team there's like mixed reporting here i don't really know what's going on yeah yeah likewise like there I had seen people saying rumors of like oh I had

heard this before this actually happened they were claiming they got internal messages from Slack so it was like almost a coup of sorts but he's like I'm literally on a stage in Apac talking about AI and movement so like I don't know what you guys are talking about and showing pictures of his still having an active email so who knows but uh it's never a dull day in crypto that's right yeah the um Rushi is definitely one of the subjects of crypto Twitter uh I will say um just because he's polarizing he's very polarizing yes very very aggressive founder very polarizing uh we will wait to see what happens with all of that i don't really have any any extra info here imagine a world where your day-to-day banking runs on a blockchain that's exactly what Mantle is building

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each passport creates one unique identity second you can share proofs privately third party apps request identity proofs like confirming you're over 18 you can also link proofs securely to public wallets for airdrops or governance participation and then last secure verification apps validate your proofs instantly onchain like on Cell or offchain audited by ZK security the self app is live on iOS and play store visit self.xyz and follow self protocol on X one last big news of the week is uh Radium has launched Launchlab which is a token launchpad uh so a couple weeks ago maybe a month ago Pump Fund launched Pump Swap which is their their AMM their unis swap equivalent it's a radium competitor because it's

all on Salana and so Pump Fund the token launchpad is moving up the stack to create a DEX uh and they are decoupling their their need of Radium so rather than graduating their tokens to Radium they are graduating their tokens to their own decks to get their own liquidity on their own protocols radium responds by creating launch lab which is their own unis swap uh pump fund competitor uh and so now they are going down the stack to create a token launchpad that would of course graduate tokens back to radium uh this is a natural response that we're seeing so we're seeing this pump fund uh versus radium war arms race continue i think general sentiment is that this token launchpad is not going to have this nearly the same amount of traction that

Pump Fund has just because Pump Fund's brand is just so big that's where you go to launch tokens because that's where the liquidity is uh any thoughts on this Brad i I totally agree like so you're right in the directional uh moves of both teams right pump Fund is is going up the stack uh uh Radium's going down and one of those owns the those two things owns the user right pump Fund is the one you mentioned you use the branding right but it's it's the same thing right they've they've always maintained the relationship with the user it goes like if you go and you launch a token you're sitting on the pump fund website and then once it goes to to Radium or previously when it went to Radium you would go to to Jupiter right like you never really interacted with Radium it was just kind of this

infrastructure in the back end and so there's no like brand Lindy there no loyalty no whatever and we've actually this isn't the first iteration of Pump Fund having to stand up against someone who conceivably could be a good competitor right Deck Screener launched their own version of this uh [ __ ] it's probably a year ago at this point 6 months ago um same thing right Dexcreener is uh where everyone goes to sit there and monitor tokens even after they've existed beyond uh Pump Fund they launched their own their own Launchpad all this stuff and it just no one left Pump Fund because Pump Fund owned the user they're the ones that that sat there and had now they have the capital to even build better products because they they've earned what $600 million in fees over the last year like just truly astounding so now they have the brand

and the funds to be able to basically clobber anyone over the head so cool novel but like I don't somewhat novel i don't see it being something long for uh this world when it comes to just like trying to stand up to pump yeah uh at least you we you are seeing fees drop uh across the stack so when um Pump Fund launched Pump Swap they reduce a lot of the fees uh and I think this is the same thing happening with Radium and their Launchpad their fees are going down there was this early early crypto thought and thought in crypto design where if you have a fee and if you establish a fee inside of your permissionless protocol people are just going to fork it and then remove the fee that's not exactly how it played out because things have still maintained

some amount of fees but the fees do have very strong competitive pressures and the moes around those fees are something like you know users and liquidity and so we are still seeing that that fee pressure still drop to zero but it's being maintained by the strength of like user and liquidity modes is is what I'm seeing here yeah and that's something that's been around for a long time right unis swap Labs just runs a front end and charges a fee on top of it whenever you have stuff like DeFi Llama doing Llama Swap which just aggregates for free right like that like we've always had access to these these tools that allow us to and that like that's the benefit of public protocols right permissionless blockchains all this [ __ ] is people can actually launch this stuff and be competitive and and squeeze these things

to zero and actually functionally turn them into just infrastructure public infrastructure to a degree but um having that stuff open and and copyable forkable whatever allows us to do that um and yeah so Uniswaps Labs did i don't I think it'll be the same for for Pump where just like there's going to be a little bit of stickiness to brand and stickiness to the utilization and comfort like of just people use MetaMask today even though I would say it's objectively not that great of a wallet um so like yeah there's just comments on that brad that wraps up all the news that I have for us to talk about anything top of mind for you that you're looking forward to in the short term the weeks the months coming up like what's what's living rentree in your head these days uh it's just shipping the chain right

like so we're we're trying to iterate through test net trying to now we're going to get ready to to kick off this next cohort of people with um um our Mega Mafia 2.0 right so we're going to find another group of founders that want to come and build on on Mega ETH and and again we do the co-l livingiving thing so we're going to go to a couple remote places for 30 to 30 days at a time just to co-uild build camaraderie like try to to really find PMF help them go through raising all that kind of stuff so focusing on make sure we deliver the best product for that as we go towards mainet and then if you want to hear me talk more uh you see contributing to modern market i do daily shows Monday Wednesday Friday in the morning uh feel free to stop in um 700 p.m eastern or 7

a.m eastern I should say all right we will get all those links in the show notes uh you can follow Bread at 0xbred Guy he is the profile picture that looks like a slice of bread with sunglasses uh Brad thank you so much for helping me go through the news this week my man yeah it's been a pleasure thanks for having me on uh Bankless Nation this will be the last time we have a guest on the weekly rollup uh I won't say anything more because you can put two and two together if you're paying attention uh so we will see you guys all in a week bank sanction you guys know how it goes crypto is risky you can lose what you put in but nonetheless we are headed west this is Frontier it's not for everyone but we are glad you are with us

on the bankless journey thanks a lot