AlphaGrowth <> Layer One X

So like when, when people want, when we see a spike in our traffic on, uh, Solana AI projects, those tokens, the first you get the spike in traffic and then you get the spike in, in, in, uh, um, in value.

0:23:29 - 0:23:31

It's really wild, dude.

0:23:31 - 0:23:33

It's like, it's, it's, it's hyper, hyper correlated.

0:23:33 - 0:23:39

So like we were able to think, find things like, uh, Caspa, like 10 cents or whatever.

0:23:39 - 0:23:45

And like, uh, ton at like 20 cents, um, and things like that.

0:23:45 - 0:23:48

And so there's a huge, huge alpha play there.

0:23:48 - 0:23:51

Not just in like, I'm talking about layer ones right now, but in categories, right?

0:23:51 - 0:24:04

So, so sentiment, awareness, and education, uh, not, doesn't follow it, um, it's the precursor to price and attention, right?

0:24:04 - 0:24:14

So as these narratives kind of like, hold on, we're able to track the narratives from like the social zeitgeist and SEO, uh, pretty much better.

0:24:14 - 0:24:21

Uh, you know, maybe like, you know, coin market cap and coin gecko might probably have more data than us, but we're getting like 40, 50 K hit some money.

0:24:21 - 0:24:23

And that, and that's pretty good.

0:24:23 - 0:24:27

Also, the other thing too, is like, as you hit a bull market, just the generalized traffic.

0:24:27 - 0:24:32

So we like maxed out at like 70 or 80 K visits, like back in March.

0:24:32 - 0:24:34

And now we're, we're sub 50 K.

0:24:35 - 0:24:38

So you can even track the zeitgeist of momentum of the markets.

0:24:38 - 0:24:41

Like as price goes up, search traffic and search volume goes up.

0:24:42 - 0:24:51

And so we're able to leverage that, that data, the on-chain traffic and the off-chain traffic, you know, Twitter growth, telegram growth, discord growth.

0:24:51 - 0:25:01

Now, you know, where's the sentiment of the market, what's hot and, and should, you know, a chain like L1X jump in and when should they jump in?

0:25:01 - 0:25:12

Because you can kind of make these like VC style bets, or you can kind of make more educated bets of which apps and apps to invest to, invest into.

0:25:12 - 0:25:25

And, and, and, you know, which ones to make multi-chain, which was like super exciting for me, considering like L1X is like tech around building multi-chain solutions.

0:25:25 - 0:25:28

Like you guys are simplifying that like tremendously.

0:25:28 - 0:25:32

Oh yeah, a hundred percent, a hundred percent.

0:25:32 - 0:25:47

And, you know, if you look at the, at one of the main objectives of web three is, you know, um, uh, to basically make your internet experience fully customizable to how you want it.

0:25:47 - 0:26:01

And I don't think a lot of people realize that that's not achievable without having, uh, a lot of data to be able to customize it to, to your viewing so that you have those kind of unique prompts, those unique things.

0:26:01 - 0:26:13

But the best part about that is, it's like, uh, it's, it's not, it's not like web two where your data is being sold and people are trying to basically shill you on every product under the sun.

0:26:14 - 0:26:18

Uh, this is, is where you can still keep your data, uh, hidden.

0:26:18 - 0:26:25

You can also keep it, uh, you know, uh, but you can all pull it into one repository type of thing.

0:26:25 - 0:26:27

And that's what L1X does as well.

0:26:27 - 0:26:38

So not only finding those next projects, but also being able to customize it so that you can literally train your experience to pull in the things that you want.

0:26:38 - 0:26:44

So if you only want to jump in meme coins that are animals, you could totally do that, right?

0:26:44 - 0:26:49

Uh, if you want them to, to, uh, be themed on certain things, you could definitely do that as well.

0:26:49 - 0:26:56

So a lot of opportunity there, but, uh, uh, we'll probably circle back to that here in just a minute.

0:26:56 - 0:27:01

But, um, I see that you've got your alpha growth, uh, handle up.

0:27:01 - 0:27:09

I've tried, been trying to get them to come up, but, uh, they're probably just ignoring me and figure you guys have it or they're having troubles.

0:27:09 - 0:27:12

Do you guys know if they're, if they're having issues coming up?

0:27:12 - 0:27:14

I can, I can have a break them up.

0:27:14 - 0:27:15

Yeah.

0:27:15 - 0:27:15

Okay.

0:27:16 - 0:27:16

Yeah.

0:27:16 - 0:27:20

Uh, if they can't accept, just make sure that they drop out, uh, join again.

0:27:20 - 0:27:22

That usually helps as well.

0:27:22 - 0:27:36

So anyways, kind of moving on, uh, you guys have dropped some pretty big names, um, in terms of different blockchains, uh, L1s that you've, uh, you've basically helped, uh, market with and grow.

0:27:36 - 0:27:49

Um, and I think that some of our, our L1X community members are, are probably curious as to, you know, what are, what were some of those biggest challenges that you faced in promoting those other blockchains?

0:27:49 - 0:27:56

And, and how will those experiences help shape the approach that you're going to take with L1X?

0:27:56 - 0:28:13

I think, uh, Brian, I don't know where, how you were thinking about this question, but without, without putting any, any names under, under, in front of the bus here, I think the biggest takeaway is when you really get started working with a new project, there are so many unknown unknowns.

0:28:13 - 0:28:19

And one of our biggest learnings early on was the problem of infrastructure.

0:28:19 - 0:28:27

So there was a, a project that we worked with who had a, a beautiful liquidity incentive program, and we were all going to go about it.

0:28:27 - 0:28:30

Oh, this is going to be easy to get developers to come over here and build.

0:28:30 - 0:28:36

But as soon as we started trying, all these developers would ask us, okay, cool.

0:28:36 - 0:28:37

So do you have chain link?

0:28:38 - 0:28:41

And then we'd be like, Oh, uh, no, not yet.

0:28:41 - 0:28:42

And then, okay, cool.

0:28:42 - 0:28:46

Do you have an MP, uh, uh, a multi-sig solution?

0:28:47 - 0:28:49

Oh, uh, not yet.

0:28:49 - 0:28:51

Oh, do you have a premium RPC node provider?

0:28:52 - 0:28:53

Oh, not yet, not yet.

0:28:53 - 0:29:04

So then we pretty much had to go back to the drawing board and say, okay, we have all these infrastructural requests that we need to get into place before we try and invite all these developers to the party.

0:29:04 - 0:29:13

So I would personally say that's, that was my biggest unlock from working with these different projects, but I'll pass it off to Brian if he wants to paint some more color.

0:29:13 - 0:29:14

Yeah.

0:29:14 - 0:29:15

Growth is weird, man.

0:29:15 - 0:29:28

I, um, I, part of the, the, like, I'm trying to, you know, part of like working with us is not just what, what to do, but also what not to do.

0:29:28 - 0:29:41

Um, so we've had the experience of trying a lot of things with like a lot of different chains with a lot of different budgets that were like, you know, we, we tried experiments and, and some didn't work.

0:29:41 - 0:29:49

Like, I, you know, the, the end of the day, um, like, how do I say this?

0:29:49 - 0:29:49

Okay.

0:29:49 - 0:29:50

I'll just give you the anecdote.

0:29:50 - 0:29:55

And this anecdote is like kind of true across the board of any chain that I've ever gone to.

0:29:55 - 0:29:58

And anybody that I know, they go, they've gone to a chain.

0:29:58 - 0:29:58

It's like, okay.

0:30:00 - 0:30:06

I was at, I was at a meeting and, um, one of my colleagues, we were actually at like a, like a side event, a crypto event.

0:30:06 - 0:30:10

And it was like, Hey, like, why did you first go to avalanche?

0:30:11 - 0:30:13

And I'm like, yeah, I don't really care about avalanche.

0:30:13 - 0:30:15

I wanted to get on wonderland time.

0:30:16 - 0:30:20

And this, this anecdote kept on going over and over again.

0:30:21 - 0:30:35

And we, we've kind of learned there's like five or six different stories, but really at the end of the day, the reason why somebody comes to a chain is because there's a unique dap, a unique experience that isn't available on, on some other chain.

0:30:36 - 0:30:40

Um, and I think that's kind of like one thesis, right?

0:30:40 - 0:30:43

So an ecosystem is driven by the champion dap thesis.

0:30:44 - 0:30:44

Right.

0:30:44 - 0:30:49

And then, and then, you know, we tried, we tried advertising to like blockchain clubs.

0:30:49 - 0:30:50

We tried direct advertisement.

0:30:50 - 0:30:59

We've had some success on some, some campaigns with LinkedIn, but the, the most success that we've had with ecosystems is really around two things.

0:30:59 - 0:31:11

The champion dap thesis and this other kind of idea of, of creating an ecosystem and creating a tribe, um, that, that everybody learns and earns with.

0:31:11 - 0:31:12

Right.

0:31:12 - 0:31:23

So if you can create, uh, uh, like not just like a scenario in which, Hey, we're, you know, we, we all, um, you, you need, you need your community to be able to win with you.

0:31:23 - 0:31:34

So if there's a way that you can kind of like get these champion daps, these champion daps are launching with your product, your, your token and your ecosystem is tied to that champion dap and you launch.

0:31:34 - 0:31:40

That's what we've seen like the best, best cases for, um, you know, we've tried a lot of things.

0:31:40 - 0:31:49

We've tried a lot of different, you know, giving grants away, uh, giving incentives away, um, investment in ecosystems.

0:31:49 - 0:31:56

Like they kind of go through this journey where it's, it's very grant driven at the beginning as it should be.

0:31:57 - 0:31:59

And, and there's experimentation.

0:31:59 - 0:32:02

It, it, it, you know, flushes out the documentation.

0:32:02 - 0:32:08

It flushes out kind of the different uniqueness of the experiences, but every new chain needs to have.

0:32:08 - 0:32:23

Like some new major unlock or it becomes sleepy and, and not to like throw any chains under the bus, but like, for example, I don't know of one brand new use case that came out of like ZK technology yet.

0:32:24 - 0:32:27

And there hasn't really been a champion dap that has come out of ZK technology yet.

0:32:27 - 0:32:41

And it, and so what, what I'm trying to describe here is the, the type of unlocks that like L1X makes possible, like are going to drive the entire ecosystem.

0:32:41 - 0:32:49

And, you know, just getting like another decks, another money market, you know, copy pasta, you know, you, you need some infrastructure.

0:32:49 - 0:32:59

Like Joe was talking about to be able to get some like core defy infrastructure, but like thinking that like another decks or that does the same thing or another money market that does the same thing.

0:32:59 - 0:33:00

Like it's, it's, it's not really going to move the needle.

0:33:00 - 0:33:09

What's really going to move the needle is this kind of like chain abstraction X talk type of thing where new types of daps can be created.

0:33:09 - 0:33:18

And so you're completely like removing the idea of a chain away kind of, uh, and it just, and it just works.

0:33:18 - 0:33:20

So that's what got me really excited.

0:33:20 - 0:33:21

And the speed was crazy, dude.

0:33:21 - 0:33:25

I just used the, uh, the swapping mechanism was like, damn.

0:33:25 - 0:33:32

And so these guys, these guys, these guys not only did it, um, but they've proven it.

0:33:32 - 0:33:34

And, and now there's, it's the first use case.

0:33:35 - 0:33:39

And as you kind of expand on those use cases, it's going to become, uh, bigger and bigger.

0:33:40 - 0:33:40

Yeah.

0:33:40 - 0:33:52

The, the analogy I like to give is, uh, um, you know, I used to work for a couple of smart, uh, smart devices, companies here in the U S.

0:33:52 - 0:33:56

And it's interesting because they're actually pretty dumb.

0:33:56 - 0:34:04

And so when we try to explain to non crypto people, what we do, um, it's, I use this analogy.

0:34:04 - 0:34:13

It's, it's kind of like, you got your Googles, you got your apples, uh, you got your, your various different products that claim to be these smart devices.

0:34:13 - 0:34:17

But in all essence, they're really dumb because they, they don't communicate.

0:34:17 - 0:34:20

They don't work well with other, other products.

0:34:20 - 0:34:35

And, uh, that's basically what L1X is doing is it's removing the platform and it's allowing these devices to go and, and communicate, share data, share logic, share things like that, that all bring it together.

0:34:35 - 0:34:38

Uh, because again, it goes back to data, right?

0:34:38 - 0:34:46

Uh, the, the smart devices is only as it can only be as smart as the person who designed it and the data that's behind it.

0:34:46 - 0:34:57

And if it's only relying on one person's data, it's going to take petabytes of, of data to make it unique to that individual.

0:34:57 - 0:35:17

But, uh, with the advancement of being able to keep private secure on web three, being able to, um, uh, you know, tap into not just one chain, but all the chains out there, EVM and non EVM chain, you can see how these, these different use cases that these guys are making.

0:35:17 - 0:35:31

And, uh, you know, we've had the opportunity as a layer one to speak with a lot of different projects and a lot of different, um, uh, uh, unique innovation happening in web three, just like with the alpha growth team.

0:35:32 - 0:35:34

Um, there's some amazing stuff.

0:35:34 - 0:35:58

And if we can just tap them into that resource that removes the blockchain, but provides all this data and logic to them, man, can you imagine where we're going to be in two to five years after people are using Xtalk as kind of that foundational, uh, hate to use the word bridge, but, uh, uh, you know, that's like a swear word for, for me over here.

0:35:58 - 0:36:11

But, uh, if, if, if, in a sense, if we help them bridge that gap of, of what they're missing, it's going to be a whole new ballpark, uh, that they're going to be playing in for sure.

0:36:11 - 0:36:14

So Brian, you don't have to raise your hand.

0:36:14 - 0:36:15

Yeah.

0:36:15 - 0:36:16

It's cool.

0:36:16 - 0:36:16

I liked it.

0:36:16 - 0:36:17

I liked it.

0:36:17 - 0:36:18

I want to be a good boy.

0:36:18 - 0:36:26

Um, but dude, what's really strange is like, you're like very anti bridge.

0:36:26 - 0:36:28

Um, and, and I get that.

0:36:28 - 0:36:33

And what's really crazy is you got two types of users, right?

0:36:33 - 0:36:43

So if you're like a DJ DeFi user, like you use the word bridge, but if it's a brand new user, they, uh, they don't even know what a bridge is.

0:36:43 - 0:36:45

You don't even need to use bridge.

0:36:45 - 0:36:49

Cause there's actually this expectation from a web to user that like this stuff should just be interoperable.

0:36:50 - 0:36:53

And it's not like, Oh, I got to use a bridge.

0:36:53 - 0:36:54

I got to use Meta mask.

0:36:54 - 0:36:56

I got to like move up, move money here and there.

0:36:56 - 0:37:01

They just like, like, I was talking, I was at a Bitcoin pizza party, like whatever, two days ago.

0:37:02 - 0:37:08

And, um, they were just like, uh, yeah, like I, I'm never going to go into DeFi.

0:37:08 - 0:37:11

And it was really, really interesting conversation.

0:37:11 - 0:37:23

And kind of like, as we dove down into it is like, there wasn't the, the, the opportunity to kind of like handle that kind of, um, okay.

0:37:23 - 0:37:24

Let me rephrase this.

0:37:24 - 0:37:30

The learning curve required to become an advanced DeFi user and bridge.

0:37:30 - 0:37:33

It's just like, I'm never going to do it.

0:37:33 - 0:37:37

And, and I was like, cool, but have you ever gone and, and, and gambled at a casino?

0:37:37 - 0:37:38

And he's like, yeah.

0:37:39 - 0:37:42

And it was like, well, how many hours did it take you to, and he's like, I like to play craps.

0:37:42 - 0:37:45

I was like, how many hours did it take you to like get comfortable playing craps?

0:37:45 - 0:37:48

He's like, honestly, probably like 40 hours of craps.

0:37:48 - 0:37:49

And then I was like, this is my game.

0:37:49 - 0:37:50

I like to play it.

0:37:51 - 0:37:56

And I think, I think the DeFi today is probably double that amount.

0:37:56 - 0:38:06

You probably need like 40 to 80 hours of usage until you're like very, very comfortable because it's so difficult with the bridging and everything.

0:38:07 - 0:38:18

The real unlock here is if, you know, pretend, you know, I know, I, I know you guys are going this direction and you got to be careful about what I reveal, what I don't reveal.

0:38:18 - 0:38:32

But with the type of things that can be built on L1X now, I think that drastically reduces the, the cognitive load and the overhead of being able to do these things.

0:38:32 - 0:38:45

And, and so you guys want to remove the word bridge because if you remove bridging that, you know, 40 to 80 hours of education on how to handle your wallets and how to bridge and how to go from chain to chain kind of like reduces.

0:38:46 - 0:38:53

And the more and more that you can still keep the security and reduce the cognitive overhead, the more that we can grow the pie, right.

0:38:53 - 0:38:55

And grow the pie within the whole entire industry.

0:38:55 - 0:38:58

And that's something that's, that I'm excited about.

0:38:59 - 0:39:00

But did bridges exist?

0:39:00 - 0:39:04

I think it's going to be hard for people to like, that are like DeFi, DGEN.

0:39:04 - 0:39:08

So it's going to be hard for them to drop bridges because, you know, we've learned this skill.

0:39:08 - 0:39:13

And, and, and yeah, well, that's part of our lexicon.

0:39:13 - 0:39:15

No, I, I, I totally hear you there.

0:39:15 - 0:39:26

My, my, my hate for bridges comes from the, the feeling of having to potentially praise the porcelain Buddha, if you know what I mean,

0:39:26 - 0:39:35

after trying to bridge a large amount of assets from one, from one to the other, trying to swallow the pill of the high cost.

0:39:35 - 0:39:41

And, and if it's going to go through, and if you've been in a few cycles, you know what I'm talking about?

0:39:41 - 0:39:46

Like, it's gotten better, but, uh, it's only going to, yeah.

0:39:46 - 0:39:52

I thought I lost hundreds of thousands at one, one, one transaction I bridged and the transaction didn't appear.

0:39:52 - 0:39:54

And I was like, what the shit?

0:39:54 - 0:39:56

And then like 20 minutes later, it like finally landed.

0:39:56 - 0:40:03

But that for like 20 minutes, it was just like, oh my God, just like heart palpitations.

0:40:03 - 0:40:04

Yep.

0:40:04 - 0:40:09

And you want to go sit on that white throne and just be sick to your stomach until it comes in.

0:40:09 - 0:40:16

And so I guess you could call it a little bit of PTSD, I guess, uh, in terms of, of experience.

0:40:16 - 0:40:19

But, but yeah, I think you nailed it a hundred percent.

0:40:19 - 0:40:24

Like LNX is just making you, making you feel all warm and fuzzy inside.

0:40:24 - 0:40:30

And I think that, you know, the biggest thing that a lot of people miss when, when we're talking about what we can do,

0:40:30 - 0:40:39

where we're bridgeless in that sense is, is that we're not people that use our swap or our, our, um, interoperability.

0:40:39 - 0:40:42

The X talk to make these swaps from chain to chain.

0:40:43 - 0:40:48

They don't really realize that they're not giving up their custodial rights to whatever they're transferring.

0:40:48 - 0:40:56

And I think that that's a big thing that for me was one of my aha moments when I saw this tech for the first time.

0:40:56 - 0:40:59

And that's where my mind went immediately.

0:40:59 - 0:41:05

Like, oh my gosh, total control, less fees, faster speeds, you know, things like that.

0:41:05 - 0:41:07

And that's what got me excited.

0:41:07 - 0:41:16

And that's kind of my aha moment as well, because I can tell you, since I've been using the X swap, I haven't had those PTS moments, which has been awesome.

0:41:16 - 0:41:19

Uh, I know that it's going to go through.

0:41:19 - 0:41:23

It works every single time and it's just amazing.

0:41:23 - 0:41:23

Right.

0:41:23 - 0:41:32

So anyways, uh, I digress and I will basically move on to the next question, but, uh, uh, let's pause here for just one second.

0:41:32 - 0:41:34

Uh, thanks everybody for tuning in.

0:41:34 - 0:41:42

If you happen to have a question for alpha growth or Brian or Joe specifically, feel free to drop those in the threads below.

0:41:42 - 0:41:59

And I will be sure to bring those up to them here and a little bit later in this episode, but let's continue on with the narrative of, uh, of, uh, how this, uh, basically how this partnership is going to kind of come to fruition.

0:41:59 - 0:42:04

Um, so we've talked a lot about different things and things like that.

0:42:04 - 0:42:24

You've kind of touched upon it, Brian, but what story do you really want to tell, uh, the web three world about L1X and, and how will you position it to resonate with both crypto enthusiasts as well as like the broader public, the non crypto users, would you say?

0:42:26 - 0:42:27

Wow.

0:42:27 - 0:42:28

Non crypto users.

0:42:28 - 0:42:47

Um, well, when, when you have fast transactions and you have, and you have cheap transactions, you have like this weird kind of like juxtaposition you have, there's pros and cons with, uh, with fast, cheap transactions, everybody like faster, cheaper, faster, cheaper.

0:42:47 - 0:43:00

The problem with that is that you're, the, the, the things that like really like affect for the long-term valuation of a chain and a token, uh, is what we call like blocks brace at a premium.

0:43:01 - 0:43:07

And so you have this, this kind of like two, two sided thing.

0:43:07 - 0:43:19

Um, so for the general, like web two user, never interacted with web three, um, L1X and, and, and next talk in the, in this tech is like basically cool.

0:43:19 - 0:43:23

It's like, like the costs of like transacting is basically negligible.

0:43:23 - 0:43:24

Right.

0:43:24 - 0:43:28

And so then you're like, okay, if it's basically negligible, what does that unlock?

0:43:28 - 0:43:40

And, and so kind of go through this, um, kind of this, uh, this thought process or like thought experiment is like, okay, if you had super cheap transactions and it was crazy fast, what would you do?

0:43:40 - 0:43:47

And what the main unlocks start to come into smaller and smaller, uh, premium items.

0:43:47 - 0:43:48

Right.

0:43:48 - 0:44:05

So like, if you look at like Ethereum, for example, based upon the gas, based upon the transaction costs, you kind of have to transact in like 10 K, a hundred K chunks, like for it to make sense for you to be able to pay those gas fees, those swapping fees and everything else.

0:44:05 - 0:44:13

But like, as you come down the pricing curve, the cost of like everyday items starts to make a lot more sense with something like L1X.

0:44:13 - 0:44:37

So the way that I would describe it to, um, you know, like obviously gaming, that's a huge, like gaming NFTs is like a huge, huge, uh, unlock, you know, gamers who have played games and, and, and, and Epic and these other different, um, gaming companies thwarted and even like threatened to ban you.

0:44:37 - 0:44:46

If you sell your items, like as transactions come lower and lower, you kind of get into this area where people can decide to store and save.

0:44:46 - 0:44:51

So every time they like, kind of like want to save their progress or save their, like, you know, their items, they can do that.

0:44:51 - 0:44:59

And then you have like this other thing too, where you have this, like gaming companies are becoming like education and education companies are kind of becoming like gaming.

0:44:59 - 0:45:20

So you have this, like other type of overlap of like certification where, how do you, in, in a, in a, in a web three way, in an internet way, take somebody's certification and, you know, they may live in a country where they can't express themselves in a certain way, but they still want to work on certain things.

0:45:20 - 0:45:35

Like, so how do you find that crossover between like that, so that it's transaction, like transferable where somebody's education is their knowledge is not necessarily based on their locale.

0:45:36 - 0:45:46

And so I don't, if you're purely, purely meritocratic and like economies always trends to like purely meritocratic, I don't really don't care where somebody lives.

0:45:46 - 0:46:01

We have people in, in, in, we've worked with people in Costa Rica, China, we currently have people in Ukraine, the Philippines, like all over the world in, including the United States and pull, like, it doesn't matter if you can do the job at Alpha Growth.

0:46:02 - 0:46:04

Like we want to, we want to, we want to hire you.

0:46:05 - 0:46:06

So, but how do you prove that?

0:46:06 - 0:46:15

How do you prove like on chain kind of meritocracy and maybe somebody like works in Iran, right?

0:46:15 - 0:46:20

And, and they're like a woman in Iran and they can't kind of reveal who they are.

0:46:20 - 0:46:30

So I think there's like these huge unlocks around just kind of like more and more certification, more education, verification coming on chain.

0:46:30 - 0:46:34

I, you know, I know there's talks about different like identity solutions.

0:46:34 - 0:46:44

I don't know how public that is around L1X that you guys are working on, which creates these types of unlocks, which creates mass adoption.

0:46:44 - 0:46:53

I mean, if you've ever stood in a, in a DMV line for three hours and they can't find any information on you and you're like, what the heck?

0:46:53 - 0:46:56

And then you have to pay these fees, like why do I have to pay these fees?

0:46:56 - 0:46:59

And they're like, it's just completely obnoxious.

0:46:59 - 0:47:05

Or you've ever had something like lost from like these institutions that hold your data.

0:47:05 - 0:47:13

It's like, you know, there's, there's so many problems that, that L1X and Xtalk can kind of like take on.

0:47:14 - 0:47:21

So, so I don't know if that answers your question, but it's kind of like the directionally correct to answer your question.

0:47:21 - 0:47:25

Yeah, no, no, no, it, it definitely does.

0:47:25 - 0:47:29

And, and, and you, uh, I think you nailed the use case for ZKP, right?

0:47:29 - 0:47:48

Uh, being able to use that infrastructure within a digital identity where you can, uh, you know, verify that a person is qualified without revealing per se, uh, who they are, uh, using the, uh, woman in Iran kind of, you know, example.

0:47:48 - 0:48:05

Uh, same thing with like, um, um, you know, uh, making wallets a lot easier and safer to use, um, making, uh, yeah, just making it a lot safer while still providing that privacy, uh, layer as well.

0:48:06 - 0:48:07

But, uh, yeah, yeah.

0:48:08 - 0:48:10

Um, I'm going to pick on Joe for a minute here.

0:48:10 - 0:48:18

Hopefully he doesn't mind, but, uh, uh, Joe, what, uh, what, what, what?

0:48:18 - 0:48:36

What when you learned about the kind of the tech that we have, the capabilities of it, like what industry was the first one that popped into your head of where you could potentially leverage this technology?

0:48:37 - 0:48:40

Or was it with a specific client of yours?

0:48:41 - 0:48:43

Just curious your thoughts on that.

0:48:45 - 0:48:48

Yeah, funny. I thought you were going to go somewhere else with this question.

0:48:49 - 0:48:58

And really, I'm going to answer it first the way that I thought you were asking the question, and then I can try and take a stab at the way that you actually asked the question.

0:48:58 - 0:49:02

And I thought you were going to say, what industry did this remind you of?

0:49:02 - 0:49:03

And the answer is banking.

0:49:04 - 0:49:15

20, 50 years ago, if you were to send money from one country to another, there was a lot of bureaucratic nonsense, a lot of time it took, it costs a lot of money.

0:49:15 - 0:49:25

And then things like Revolut, TransferWise came in and said, why don't we just cut all that crap out and just do just use liquidity pools and send messages instead?

0:49:25 - 0:49:27

And so I thought that's where you were going with this.

0:49:27 - 0:49:30

And of course, when I first heard about this, I said, oh, it's brilliant.

0:49:30 - 0:49:31

It's Revolut for crypto.

0:49:32 - 0:49:39

But to answer your question, I mean, I think DeFi is the obvious answer.

0:49:39 - 0:49:49

I don't know if there's another way that you're trying to get me to answer this, but I think it was just pretty simply for DeFi.

0:49:49 - 0:49:56

And then especially, I'm a pretty big proponent of how do we onboard people into the financial arcade?

0:49:56 - 0:50:09

Right now, the only reason that any of my friends, whether they work at defense contractors or hedge funds, the only reason any of them have ever asked me to help them with crypto and DeFi is for meme coins.

0:50:10 - 0:50:20

And so I think that however you feel about meme coins, put all that aside, that is anecdotally the reason that four or five of my personal friends have ever tried to get into this industry.

0:50:20 - 0:50:33

And so I think that this is a fun way to make that user experience quite a bit more experiential, if that's a word, for the user itself.

0:50:33 - 0:50:35

I hope that answers the question.

0:50:35 - 0:50:38

I'm not sure where you were thinking about it, but I would love to ask you the same question.

0:50:39 - 0:50:40

Yeah, no.

0:50:41 - 0:50:48

So because I have ADHD, my brain went in about 60,000 different directions as soon as I saw the tech.

0:50:48 - 0:51:05

But yeah, I mean, from gaming to DeFi to real world assets to D-Pin to digital identity to OS operating systems to, oh, geez, you name it.

0:51:05 - 0:51:11

My brain probably went to Mars on how to get there and back all within like 10 seconds.

0:51:11 - 0:51:16

And it's, you know, having ADHD is a blessing and a curse.

0:51:17 - 0:51:20

But if you have it, you know what I'm talking about.

0:51:21 - 0:51:24

So the, but yeah, there was no right or wrong answer.

0:51:24 - 0:51:27

I was just more curious about your guys' thoughts.

0:51:27 - 0:51:34

But on the flip side, let's, you know, I do have a couple more questions I want to ask.

0:51:34 - 0:51:40

And then we'll flip it over to bringing up a couple of questions from the community.

0:51:41 - 0:51:50

So if you guys want to ask our Alpha Growth partners here any questions, feel free to raise your hand or throw them in the threads below.

0:51:51 - 0:51:52

And we'll go from there.

0:51:52 - 0:52:01

So kind of wrapping things up here a little bit, let's, let's kind of talk about the Alpha Growth vision.

0:52:02 - 0:52:20

So when it comes to, you know, marketing, what other, and introductions and things like that, what other value added services do you feel like you're going to be able to add to layer one X and its vision of where it wants to go?

0:52:20 - 0:52:26

There's a really quick need, like right out of the gate, we could dive into.

0:52:27 - 0:52:30

We were working with a token project.

0:52:31 - 0:52:38

There was, you know, bridging is probably the highest risk attack vector in all of crypto.

0:52:38 - 0:52:42

Like the most amount of money has been lost in bridging.

0:52:43 - 0:52:46

And so a lot of these token projects are like super scared, right?

0:52:46 - 0:52:52

When they start to talk about that, because they're just like, cool, it hurts reputation.

0:52:52 - 0:52:54

It hurts, it hurts their users.

0:52:54 - 0:52:58

It hurts kind of like the expandability of the whole entire thing.

0:52:58 - 0:53:19

So when going down this road, having, having the organization and a chain, like you guys are, are running, you know, with the appropriate security governance and coverage and everything like that, it, it kind of makes it a seamless experience.

0:53:19 - 0:53:29

For multiple of our other clients and a lot more tokens to build seamlessly so that people can hold across all these ecosystems.

0:53:29 - 0:53:53

And it's like holding is a really cool example, but the first, you know, the first type of partnership that we have going in, and I think it's more will be revealed as in the next month or so is getting like externalized token utility on all of the tokens that kind of integrate with like L1X, including the L1X token itself.

0:53:53 - 0:54:04

So when I say external utility, it's like, cool, you have like the L1X token, it drives gas, it drives transactions, there's staking embedded into it natively.

0:54:05 - 0:54:11

However, just in general, within the DeFi ecosystem at large, liquidity is at a premium.

0:54:11 - 0:54:21

So I think when I say external utility, I think of like money markets, lending protocols, perpetuals, pulling with other tokens.

0:54:21 - 0:54:34

I think that's going to be our first kind of go to market strategy with L1X, which is like getting the L1X token out there and getting other, any other tokens that build on top of L1X seamlessly across all of these different ecosystems.

0:54:34 - 0:54:41

So, and then the question may be like, well, how do you build enough liquidity to be listed on a perpetual?

0:54:41 - 0:54:44

How do you build enough liquidity to build on a lending protocol?

0:54:45 - 0:54:57

If we can prove out the use case of kind of this, there's a huge problem in DeFi across chain, which is called liquidity fragmentation.

0:54:57 - 0:55:12

And so traditionally or historically, liquidity fragmentation is kind of like why TVL and each chain kind of competes on TVL within DeFi, because there isn't like a seamless cross chain experience.

0:55:12 - 0:55:22

So what excites me the most kind of mid to long term is this kind of idea where liquidity fragmentation using Xtalk and Layer 1X goes away.

0:55:22 - 0:55:28

So that let's say I have, you know, a hundred million dollar pool on Ethereum mainnet.

0:55:30 - 0:55:38

Historically, if I wanted to get a money market on, let's say, Avalanche, I'd have to have a 30 to 50 million dollar pool on Avalanche.

0:55:38 - 0:55:49

But if you have seamless communication and seamless transactions going across the chains, you wouldn't need to have liquidity fragmentation exist, right?

0:55:49 - 0:56:09

So as that ball moves forward and liquidity fragmentation becomes less and less of an obstacle with like L1X and Xtalk, then you effectively have this access to liquidity all across all the chains that L1X connects to.

0:56:09 - 0:56:21

And that makes things a ton more capital efficient and then where you end up transacting is not necessarily where gas is most expensive.

0:56:21 - 0:56:24

We end up transactioning where gas is cheapest.

0:56:25 - 0:56:41

So then you get this kind of like, hey, it's all kind of oil and all of the premium block space becomes commodity block space, which starts to change the value accrual mechanism from Ethereum mainnet to kind of all the other chains.

0:56:41 - 0:57:04

So people start transacting obviously more on L2s and then they start transacting on like alternative L1s and you get this kind of, I don't know, is it democratized or like almost like meritocratic expanse and solving the liquidity fragmentation of problem across chains.

0:57:04 - 0:57:16

It's probably the number one is probably the number one is probably the number one is probably the number one use case and proving that throughout the DeFi ecosystems creates a really massive unlock across all of the ecosystems that L1X goes to.

0:57:16 - 0:57:20

So long story to the end of those two lines.

0:57:21 - 0:57:23

No, it's awesome.

0:57:23 - 0:57:34

One of the main questions that we've had in the community over the past few months is like our marketing objective, where we're headed, where we're kind of going with the market.

0:57:34 - 0:58:02

And I think you just nailed it for a few people in our audience that have had the question of like, why have we shifted focus over from raising capital, finding contributors to invest in the tech kind of thing versus those that are project builders and things like that.

0:58:02 - 0:58:04

And I think you just nailed it.

0:58:04 - 0:58:11

It's definitely trying to get it out to the ecosystem so that we can get that use case out there for them.

0:58:11 - 0:58:26

And so it's, you know, another kind of component to this is, you know, with your kind of marketing, your guys' marketing background, you know that when it comes to, you know, being able to converse and talk with your community,

0:58:26 - 0:58:35

you have to go to the channels that they're on Twitter, Instagram, LinkedIn, you know, Reddit, you need to go where they're at.

0:58:35 - 0:58:48

And unfortunately, in my opinion, this is what's been so stagnant with the growth of a lot of these different projects and communities is because they've got to choose a chain to go with.

0:58:48 - 0:58:55

And what they end up doing is they choose a chain oftentimes that has a lot of buzz.

0:58:56 - 0:59:04

But people in crypto go from, you know, Polygon to Pulse to Base to Avalanche.

0:59:05 - 0:59:12

They're always just moving and they're stuck once they go and then they've got to do a complete rebuild over on another one.

0:59:12 - 0:59:18

And I think you just nailed it, you know, with L1X and Xtalk technology, it doesn't matter.

0:59:19 - 0:59:27

You go onto a chain and you can use tap into Xtalk to reach audiences no matter where they're at.

0:59:27 - 0:59:32

You come and build on top of L1X, you have that dynamic flow.

0:59:32 - 0:59:43

There's there's more incentive to build on L1X as a result of that because it makes it so easy to just seamlessly go cross chain without even really realizing that you're going cross chain.

0:59:43 - 0:59:45

So, yeah, well said. Well said.

0:59:45 - 0:59:47

Joe, did you have anything you wanted to add into that?

0:59:49 - 0:59:50

No, I think you nailed it.

0:59:51 - 0:59:54

Yeah, sweet. Double hit on the head. Nice. Love it.

0:59:56 - 1:00:00

Chief, I see you throwing thumbs up here every once in a while.

1:00:00 - 1:00:02

Did you have something you want to add?

1:00:02 - 1:00:04

Or are you kind of falling asleep?

1:00:09 - 1:00:11

No, I've actually lost connectivity a couple of times.

1:00:11 - 1:00:13

So I've caught part of the conversation.

1:00:13 - 1:00:24

But I think for the bits I've heard, it's been I think what Brian has actually been describing really does start talking about the true use case.

1:00:25 - 1:00:30

And I think we're going to start seeing a lot more of that people realizing exactly what we've got.

1:00:30 - 1:00:40

But the people who've been burned on bridges or had that stress that you spoke about earlier, Cody and also Brian, it needs to go away.

1:00:40 - 1:00:44

You know, when you look at it, bridges are not the true.

1:00:45 - 1:00:47

I believe they're not truly blockchain because they're centralized.

1:00:48 - 1:00:50

You know, blockchain is about decentralization.

1:00:50 - 1:00:55

And it only works because the decentralization gives that security.

1:00:55 - 1:00:58

There is other elements in there of the security side of things.

1:00:58 - 1:01:06

But that decentralization could probably be, you know, when you look at it, every time any user interacts with their bank, they're centralizing all of their funds.

1:01:06 - 1:01:08

All the funds are sitting in that bank.

1:01:08 - 1:01:10

It's not sitting in their wallet in their pocket.

1:01:10 - 1:01:11

But it's centralized.

1:01:12 - 1:01:14

And the same concept sits there with bridges.

1:01:15 - 1:01:20

So being able to introduce that, think about the liquidity across them and introducing the chains and the projects.

1:01:21 - 1:01:28

It all starts coming together and introducing that true decentralization with what is going to make, you know, blockchain part of the future.

1:01:28 - 1:01:32

Sweet, great ad.

1:01:33 - 1:01:37

All right, let's just kind of turn it over to our community.

1:01:37 - 1:01:45

If you have a question, go ahead and raise your hand and I'll bring you up on stage and you can ask Alpha Growth your question.

1:01:46 - 1:01:48

So go ahead if you have that.

1:01:51 - 1:01:52

I'm not seeing anybody.

1:01:58 - 1:02:04

While we're waiting for some people to raise their hand, I'll just go ahead and ask another quick question here.

1:02:05 - 1:02:06

Let's see.

1:02:11 - 1:02:12

Where?

1:02:12 - 1:02:15

OK, this is probably a good one.

1:02:16 - 1:02:23

Where could you see the Alpha Growth L1X relationship in two to three years?

1:02:23 - 1:02:27

Where are some of the places that you would really like to take it?

1:02:28 - 1:02:32

What are some things you maybe want to try now that this tech is available?

1:02:33 - 1:02:34

The world's your oyster.

1:02:34 - 1:02:35

Tell us what you think.

1:02:36 - 1:02:37

I think there's a...

1:02:38 - 1:02:38

Joe, do you have an answer?

1:02:39 - 1:02:39

Joe, you got it.

1:02:39 - 1:02:40

You got it, Joe.

1:02:41 - 1:02:41

I do.

1:02:42 - 1:02:43

I got a different answer than you.

1:02:43 - 1:02:44

I know I do.

1:02:44 - 1:02:45

OK.

1:02:45 - 1:02:46

You got it.

1:02:46 - 1:02:46

You got it.

1:02:46 - 1:02:53

I don't know if this is sharing a little bit too much Alpha, but I will say this.

1:02:53 - 1:03:00

There are a lot of DEXs that we have talked to that do not care about fees and revenue.

1:03:01 - 1:03:04

What they care about is that their users have a great experience.

1:03:04 - 1:03:12

So, for instance, if you are on Optimism using a Champion DEX on Optimism and you would like

1:03:12 - 1:03:21

to swap into an asset on base, well, as it stands, you have to leave Bridge and go to

1:03:21 - 1:03:24

a different DEX in order to swap into that asset.

1:03:24 - 1:03:28

And so, the DEXs are losing people to other DEXs.

1:03:28 - 1:03:33

And so, what they really want is they want their users to be more loyal to their specific

1:03:33 - 1:03:37

DEX without having to bridge, without having to go to a different DEX.

1:03:37 - 1:03:41

And I really, really think that this technology is going to enable that.

1:03:43 - 1:03:49

I think that's my North Star, whether that's 12 months, 18 months, three years.

1:03:49 - 1:03:51

I think we can get there.

1:03:54 - 1:03:54

Interesting.

1:03:55 - 1:03:55

Go for it, Joe.

1:03:56 - 1:03:57

I mean, Brian.

1:03:57 - 1:03:57

Sorry.

1:03:59 - 1:03:59

Yeah.

1:04:00 - 1:04:05

Similarly, there's two kind of major unlocks.

1:04:05 - 1:04:11

We are working on ideas for the compound community.

1:04:11 - 1:04:18

And there's two major ideas where I think this kind of cross-chain technology really, really

1:04:18 - 1:04:20

could do a huge unlock.

1:04:20 - 1:04:27

The first place is there's a lot of nascent capital that just kind of sits on Ethereum.

1:04:27 - 1:04:30

And for security reasons, it doesn't get involved with bridging or whatever.

1:04:31 - 1:04:44

But being able to charge at a premium a cross-chain lending is something that is started talking

1:04:44 - 1:04:46

about in a couple of different ecosystems.

1:04:46 - 1:04:51

Aave put up a proposal, said it's going to take them 12 or 18 months to do cross-chain

1:04:51 - 1:04:51

lending.

1:04:51 - 1:04:56

So I think cross-chain lending is a phenomenal use case.

1:04:57 - 1:05:03

And then you kind of start to get into some of this identity stuff that you guys are working

1:05:03 - 1:05:11

on and the ZK stuff, where I think that really starts to make the unlock is primarily within

1:05:11 - 1:05:13

the RWA category.

1:05:14 - 1:05:19

So if you have ZK proofs and you're able to do that, and then being able to bring these

1:05:19 - 1:05:26

RWA assets on chain and then be able to take and generate liquidity from these RWA assets,

1:05:26 - 1:05:29

I think that's a huge unlock, you know, chain agnostic.

1:05:31 - 1:05:33

100% love it.

1:05:33 - 1:05:34

I love it.

1:05:35 - 1:05:39

Chief, do you want to say where you, can you hear us now?

1:05:40 - 1:05:41

You had to bail and then come back.

1:05:41 - 1:05:43

So hopefully you can hear us now.

1:05:45 - 1:05:45

Let's hope so.

1:05:46 - 1:05:47

What was the question?

1:05:48 - 1:05:50

You mean you didn't hear it?

1:05:50 - 1:05:51

I didn't.

1:05:51 - 1:05:53

It's, what's your perfect date?

1:05:57 - 1:05:59

Oh, don't ask him that, man.

1:06:00 - 1:06:02

We'll be here for hours.

1:06:02 - 1:06:10

No, the question was basically, where do you see the L1X alpha growth strategic relationship

1:06:10 - 1:06:13

in about two to three years?

1:06:13 - 1:06:18

Where do you think and where do you want to see it go in that timeframe?

1:06:18 - 1:06:27

Is there a specific kind of area, industry, technology, trend, whatever you want to call

1:06:27 - 1:06:28

it?

1:06:28 - 1:06:32

Where do you want to kind of see us push the envelope or the boundaries of this relationship?

1:06:33 - 1:06:40

Well, aside from sitting in the Bahamas on a yacht with the guys, I think I wouldn't like

1:06:40 - 1:06:43

to pigeonhole it actually into one particular area or industry.

1:06:43 - 1:06:45

I think it's that global adoption.

1:06:45 - 1:06:51

I spoke a little bit before about traditional banking and traditional finance.

1:06:51 - 1:06:55

I spend a lot of time in that world and I know how they operate.

1:06:55 - 1:06:59

I've spent a lot of time with some of the world's biggest investment banks.

1:07:00 - 1:07:05

And when you look at how they operate, it is extremely cutthroat.

1:07:05 - 1:07:09

And you do see quite a lot of it comes across into crypto as well in certain projects and

1:07:09 - 1:07:10

chains.

1:07:10 - 1:07:16

But I think where I want to see us go is I want to see that mass adoption for the people

1:07:16 - 1:07:20

where people who, you know, they want to transact cross-chain for whatever the reason.

1:07:20 - 1:07:21

It could be just for a game.

1:07:22 - 1:07:26

It could be for an investment across in a particular DeFi protocol.

1:07:27 - 1:07:31

Giving people that choice, the decentralized identity, enabling people.

1:07:31 - 1:07:33

I don't think there's any one thing.

1:07:34 - 1:07:37

I think it is mass adoption is probably the biggest one for me.

1:07:38 - 1:07:40

I think we've really got that opportunity here.

1:07:40 - 1:07:45

We're sitting on the cusp of, you know, it's generational, the things that we're working

1:07:45 - 1:07:45

on.

1:07:45 - 1:07:50

We've had previous generations of solutions around, you know, when PCs first came out

1:07:50 - 1:07:52

and, you know, you had to crank them up by hand.

1:07:52 - 1:07:53

You know, I remember my first one.

1:07:53 - 1:07:59

And we've gone from that realm into, you know, crossing to the likes of Windows and you move

1:07:59 - 1:08:04

into software as a service and all the other different acronyms.

1:08:05 - 1:08:10

But where I think we're heading, I think we're heading for that global adoption, that mass

1:08:10 - 1:08:12

adoption by everyday users.

1:08:12 - 1:08:14

And I've experienced that.

1:08:14 - 1:08:23

This time last year, I was still on the global trip and we were in India and seeing people

1:08:23 - 1:08:27

on the side of the road and they describe India, you know, as a third world country.

1:08:27 - 1:08:32

Well, actually, in a lot of areas, they're actually more advanced in the West.

1:08:32 - 1:08:36

When people on the side of the road, a vendor on the side of the road can accept a payment

1:08:36 - 1:08:40

for a simple product that they're selling using crypto.

1:08:40 - 1:08:45

I'm sorry, that's starting to get that mass adoption.

1:08:45 - 1:08:45

Why?

1:08:45 - 1:08:48

Because it's the only solution that'll work for them.

1:08:50 - 1:08:55

It's, you know, they might try the traditional banking system or cash, but really, you know,

1:08:55 - 1:08:58

payments are coming in from people that are working overseas.

1:08:58 - 1:09:01

And really, the only way they can spend that is using crypto.

1:09:01 - 1:09:03

That's starting to get that mass adoption out there.

1:09:04 - 1:09:05

And we'll start seeing that in the West.

1:09:05 - 1:09:10

People in the West will start trusting blockchain more for those transactions.

1:09:10 - 1:09:15

Businesses will start realising, actually, that when you've got a supply chain solution,

1:09:15 - 1:09:21

you can track a product from mining in the ground all the way through to, you know,

1:09:21 - 1:09:27

a battery mineral all the way through to the factory into a car, into the life of the car.

1:09:28 - 1:09:33

That's something that would cost tens or hundreds of millions for these companies to produce.

1:09:33 - 1:09:38

And it's sort of, blockchain is the type of solution that will give that to them for a fraction of that cost.

1:09:38 - 1:09:44

So, no, that sounds, sounds great.

1:09:45 - 1:09:45

I can't wait to get there.

1:09:46 - 1:09:46

We'll get there.

1:09:48 - 1:09:49

All right.

1:09:49 - 1:09:52

So, looks like we got a community question.

1:09:52 - 1:09:55

We did have another guy, Commander, I think.

1:09:55 - 1:09:59

If you're still on here, saw your hand.

1:09:59 - 1:10:01

We'll get you up if you want to come up.

1:10:02 - 1:10:09

But the first one up is, don't let the name kind of discourage you, Sleazy Slimy.

1:10:09 - 1:10:17

He's like one of our staples within our community and definitely has some great questions, comments.

1:10:17 - 1:10:20

So, the mic is yours, my friend.

1:10:21 - 1:10:21

Hi.

1:10:22 - 1:10:22

Yes.

1:10:22 - 1:10:25

Sorry if I'm a bit scattered because I'm doing two things at once.

1:10:26 - 1:10:27

But, yeah.

1:10:27 - 1:10:35

First one is, I went to the Alpha Growth website and I saw that it already has a bridge with Cosmos IBC.

1:10:35 - 1:10:38

I was wondering if that could in any way influence the partnership.

1:10:41 - 1:10:44

A bridge with Cosmos IBC?

1:10:45 - 1:10:47

I'm sorry on the question.

1:10:48 - 1:10:48

Yes.

1:10:49 - 1:10:49

I think you might refer to Travis.

1:10:50 - 1:10:51

Yeah.

1:10:51 - 1:10:51

Oh, yeah.

1:10:52 - 1:10:53

Oh, yeah.

1:10:53 - 1:10:53

Totally.

1:10:54 - 1:10:54

Yeah.

1:10:54 - 1:10:59

I don't know what I'm allowed to say here.

1:11:00 - 1:11:01

Potentially.

1:11:03 - 1:11:08

So, as in, does it provide you with experience or does it provide you with a competition, stuff like that?

1:11:10 - 1:11:12

Ah, you're talking about the gravity bridge.

1:11:13 - 1:11:13

Yes.

1:11:15 - 1:11:15

Yeah.

1:11:15 - 1:11:16

That's interesting.

1:11:17 - 1:11:18

I don't know how to answer that one.

1:11:18 - 1:11:22

What I will say is we've learned a lot about that just bridging.

1:11:22 - 1:11:30

If you go to an ecosystem and you say, hey, I got a bridge, that's probably not enough of a pool.

1:11:30 - 1:11:33

There has to be something more and something new that's unlocked.

1:11:34 - 1:11:42

A lot of the, yes, that did give us more experience and strategy on how to help L1X directionally 100%.

1:11:42 - 1:11:46

You have to be more than just a bridge.

1:11:46 - 1:11:52

You have to have something that the ecosystems or the counterparties want more.

1:11:52 - 1:12:06

It's like, okay, one of the, this is a, you know, I'm not allowed to say not to say, but like imagine there's like a meme token worth $4 billion on a particular chain that's kind of like locked off in its own chain.

1:12:06 - 1:12:19

Other ecosystems will happily pay to bring that meme token over to their ecosystem in, in the tune of like, you know, seven, eight figures.

1:12:19 - 1:12:28

Just because you have access to USDC and USDT, that's not going to move the needle as much as the hot new meme coin that that's pumping.

1:12:29 - 1:12:31

So I don't know if that answers your question.

1:12:32 - 1:12:41

And, and I think the major, major difference between some of our past experiences is the speed at which a chain could be added.

1:12:41 - 1:12:55

So there was like a one to three month kind of like build time and, and we were looking at and pretty large capital amount being requested to create that build.

1:12:56 - 1:13:09

But in the timeframes that we're hearing from L1X on be able to add another chain is like orders of magnitude quicker and cheaper than kind of some of the stuff that we've worked with in the past.

1:13:11 - 1:13:12

Yeah, that was great.

1:13:12 - 1:13:20

Yeah. And my other question was, what's going to be the involvement of alpha growth with L1X is going to be like background consultancy?

1:13:20 - 1:13:22

Are you going to lead the way with marketing?

1:13:22 - 1:13:28

I saw that one particular thing that is in your services to connect developers, which L1X is developer heavy.

1:13:29 - 1:13:31

Is that going to also be part of the partnership?

1:13:32 - 1:13:41

Our first executable flavor of our contract is around token utility and token optionality.

1:13:41 - 1:13:59

which means DEX listings for the L1X tokens and other tokens that are built on top of layer 1X, helping them getting DEX partners and counterparty assets and partnerships and bringing more tokens cross chain through L1X technology.

1:13:59 - 1:14:04

That's our first kind of actionable plan.

1:14:04 - 1:14:09

Yeah, thank you. That's all for me.

1:14:09 - 1:14:09

Cool.

1:14:11 - 1:14:13

Thanks, Sleazy. We appreciate you.

1:14:13 - 1:14:16

Like I said, Sleazy is definitely a staple within the community.

1:14:17 - 1:14:20

We've got quite a few other people as well that are.

1:14:20 - 1:14:24

So if you do happen to have a question for alpha growth, definitely raise your hand.

1:14:24 - 1:14:27

And we're getting ready to wrap it up here.

1:14:28 - 1:14:31

So now's the time to ask or forever hold your peace.

1:14:32 - 1:14:34

So I do have one question.

1:14:34 - 1:14:37

We do have a few people that are kind of shy, don't want to come up.

1:14:37 - 1:14:39

I don't know if it's hearing their voice or whatnot.

1:14:39 - 1:14:51

But one of the questions is, it sounds like you guys are already speaking to a lot of different big, big projects or even chains.

1:14:51 - 1:14:58

Just curious, what kind of sentiment or feedback are you getting from them currently?

1:15:02 - 1:15:07

I'm assuming they're referring to like L1X tech or kind of thing.

1:15:08 - 1:15:08

Yeah.

1:15:09 - 1:15:09

Yeah.

1:15:09 - 1:15:18

So anything that brings more liquidity to ecosystems inbound, it's a positive and a negative.

1:15:18 - 1:15:19

I'll give you the positive, right?

1:15:19 - 1:15:25

So everybody's super bullish from an ecosystem standpoint about bringing more liquidity in.

1:15:25 - 1:15:30

But they're kind of bearish and say, well, how do we trap it here?

1:15:31 - 1:15:33

And they don't want their liquidity to flow out.

1:15:34 - 1:15:38

So it's kind of like they're more bullish than bearish.

1:15:38 - 1:15:44

But you kind of can start to see at the tail end of some of the conversations that we're having, which is kind of like really interesting.

1:15:45 - 1:15:52

They start to get a little bit of afraid of their tokens leaving their own ecosystem, which is very, very interesting.

1:15:52 - 1:16:10

So unsure, more bullish than bearish, but you can kind of see that there's this hint of like, as this tech becomes more ubiquitous, like does our chain actually matter, right?

1:16:10 - 1:16:15

As you have this cross-chain technology, it's just like an inkling in there.

1:16:15 - 1:16:18

But I think that's probably the most interesting part of the conversations.

1:16:18 - 1:16:20

But yeah, everybody's like, yeah, you can get me this liquidity.

1:16:21 - 1:16:23

You can get me that token into my ecosystem.

1:16:23 - 1:16:23

I'm in.

1:16:28 - 1:16:28

Cool.

1:16:29 - 1:16:30

All right.

1:16:30 - 1:16:36

Well, yeah, I think that is all the questions that I had sent to me.

1:16:36 - 1:16:37

Nobody else has raised their hand.

1:16:38 - 1:16:45

So I guess it's either pretty late where they're at or there's just a lot to unpack here.

1:16:45 - 1:16:48

So I think I'm going to go with the unpack part.

1:16:48 - 1:16:51

So let's kind of wrap it up there.

1:16:51 - 1:16:52

It's been a great AMA.

1:16:52 - 1:16:58

We want to give our new partners, Alpha Growth, a big applause.

1:16:58 - 1:17:01

If you haven't already, please go give them a follow.

1:17:02 - 1:17:03

They would love that.

1:17:04 - 1:17:06

It's all about networking.

1:17:06 - 1:17:09

It's all about helping each other out.

1:17:09 - 1:17:20

And really, it is all about just breaking down the silos, setting egos aside, and just seeing what kind of badass tech we can basically build in the next couple of years.

1:17:20 - 1:17:23

And let's be honest.

1:17:23 - 1:17:26

Let's have L1X talk at the forefront of that tech.

1:17:26 - 1:17:29

So closing statement, guys.

1:17:29 - 1:17:32

Do you want to kind of wrap it up and throw it out?

1:17:32 - 1:17:36

I'll give you guys a minute or so to kind of do that?

1:17:37 - 1:17:37

Yeah.

1:17:38 - 1:17:44

Every day we check.

1:17:44 - 1:17:45

We're tracking 58,000 projects.

1:17:46 - 1:17:51

We're tracking hundreds and hundreds of, about a couple hundred fundings a month.

1:17:51 - 1:17:53

So it's all free on the Alpha Growth website.

1:17:53 - 1:17:54

Go there.

1:17:55 - 1:17:56

You know, use it.

1:17:56 - 1:17:57

Give us feedback.

1:17:57 - 1:17:58

We want to make it better.

1:17:59 - 1:18:07

Super happy to engage with L1X and Xtalk and the tech and lots of cool things coming over the next couple of months.

1:18:07 - 1:18:14

And so just, you know, we're going to be pooling everywhere, trying to get you guys pooled all over the place, across every chain.

1:18:14 - 1:18:17

And I'm super excited about that.

1:18:18 - 1:18:19

Awesome.

1:18:20 - 1:18:21

Yeah, right there with you.

1:18:22 - 1:18:23

Really appreciate you guys having us up here.

1:18:24 - 1:18:30

It's been an absolute pleasure working with you guys, whether that's at 10 p.m. or 5 a.m.

1:18:30 - 1:18:31

It doesn't matter.

1:18:31 - 1:18:35

It's always a fun call with you guys and really excited to see what the future holds.

1:18:36 - 1:18:41

Thank you for building what you're building and making this whole space a little bit less scary.

1:18:43 - 1:18:45

Complicated as well.

1:18:46 - 1:18:47

Removing the complexity of it, yes.

1:18:48 - 1:18:52

I am extremely bullish on this new partnership, as I've mentioned.

1:18:53 - 1:18:59

It's been awesome to get to know Brian and Joe and the rest of the Alpha Growth team over the last few months.

1:18:59 - 1:19:02

These guys really do know their stuff.

1:19:03 - 1:19:07

If you guys have individual questions, feel free to reach out to their main handle.

1:19:07 - 1:19:12

I'm pretty sure that they will definitely answer your questions.

1:19:13 - 1:19:14

And like they said, more to come.

1:19:14 - 1:19:25

They've been instrumental for us throughout this whole kind of process of really opening up some good business development type of relationships.

1:19:25 - 1:19:30

And we're definitely looking forward to where they can definitely take us.

1:19:31 - 1:19:35

So, Chief, why don't you go ahead and round us out and we'll go from we'll wrap things up.

1:19:36 - 1:19:37

Yes.

1:19:37 - 1:19:38

Thanks, Cody.

1:19:38 - 1:19:42

I think where we're heading with Alpha Growth, I think, is absolutely just exciting.

1:19:43 - 1:19:44

So, so exciting.

1:19:44 - 1:19:53

I get on calls with them and you just listen to the conversation and the breadth of their knowledge around crypto and other industries.

1:19:54 - 1:19:56

I remember I was excited.

1:19:56 - 1:20:01

I jumped on a call with Joe and was having a chat and giving him an idea that that we've been working on.

1:20:02 - 1:20:06

And Joe was like, yeah, well, we've actually been thinking about doing exactly that.

1:20:06 - 1:20:07

We're working on that at the moment.

1:20:07 - 1:20:14

So, I won't say what that is yet because that's one of those up and coming projects that will come after we get a couple of things out of the way.

1:20:15 - 1:20:21

But I'm so excited to continue working and seeing how far we can take L1X.

1:20:22 - 1:20:24

So, looking forward to what's coming next.

1:20:26 - 1:20:27

Well said.

1:20:27 - 1:20:28

Words of wisdom from Chief.

1:20:28 - 1:20:29

All right.

1:20:29 - 1:20:34

So, thanks again, Brian, Joe, and the rest of the Alpha Growth team for joining us.

1:20:34 - 1:20:35

We appreciate it.

1:20:35 - 1:20:41

Thanks, everybody, for tuning in to our special episode of introducing this partnership.

1:20:41 - 1:20:50

As we start bringing on more and more projects on L1X, we will be doing deep dives into these specific projects.

1:20:50 - 1:20:56

If you missed our AMA from yesterday, please definitely go back and listen to that.

1:20:56 - 1:21:00

We've got some very bullish things that were said in there.

1:21:00 - 1:21:16

And we can't be more excited as to where we're going to be headed over the next three to six months and how the whole landscape of L1X will definitely be changing for the better as we begin to roll out the ecosystem.

1:21:16 - 1:21:19

So, thanks again for everybody tuning in.

1:21:20 - 1:21:21

I'm Cody.

1:21:21 - 1:21:25

I'm the Chief Experience Officer, and we appreciate you tuning in.

1:21:25 - 1:21:25

Thanks, guys.

1:21:26 - 1:21:29

We'll catch you on the next episode on Monday of Xtalks.

1:21:29 - 1:21:30

Have a good weekend.