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Base is For Everyone
Recorded: June 17, 2025 Duration: 1:04:54Space Recording
Short Summary
In a dynamic discussion, industry leaders from Sapien, Base, and Aerodrome explored the latest innovations and partnerships driving growth in the crypto space. Key highlights included the launch of new initiatives aimed at enhancing user engagement, the importance of strategic collaborations, and the trend towards gamification in onboarding new users.
Full Transcription
Thank you. Hey, what's going on guys?
Hopefully everybody is having a wonderful Tuesday thus far,
but hopefully we're about to make it even better for you.
But guys, thank you so much for showing up early.
Let's go ahead and kick it to that mic check.
Guys and gals in the audience, if you can hear me right now,
please let me know with some thumbs-ups, with some hearts,
with some kind of indication that the audio is, in fact,
reaching you all right now.
Thank you, Coco.
Thank you, Tao.
Thank you, Web3MJ.
Let's go.
Get a couple of more confirmations here.
There we go.
Wow.
Everybody at once. We got confirmations from T we go wow every everybody at once we got we got
confirmations from toshi king jazz doug albert uh toshi raul king j u g kim dian and i can't read
everyone's names five more all right five more you see dog ad opium might thank you guys so much
thank you guys oh man this is uh now now we're popping off now things are getting lively thank
you guys so much for helping us out with that mic check.
But please give us a few more minutes just to set things up here on the panel. But in the meantime, please go to the top of the Jumbotron.
Give us a like comment and retweet on today's space. And we will be starting the show in just a few more make, it's easy as can be.
I see a lot of faces, but only one for me.
I want to impress you, baby, from across the screen.
Put on my Sunday best, call me the war machine.
It's your way the war machine.
It's your way I'm looking.
I'm like, were you had you thinking?
Yeah, you caught my eye.
Now I've got to try to catch you, baby, on my side.
I want to take you for a ride.
I want to take you for a ride.
It's plain to say this ain't going to be a dream.
You don't want to see me.
I wanna take you for a ride.
I wanna take you for a ride.
I want the trouble, baby baby with your curly stash.
I word you had it when the button matched.
It saved the moment number 37.
Give you that touch of death until you're up and down.
You're like singing again to me, baby.
No, it's only you that can see me.
Yeah, you've got my heart.
Now I've got you shot.
So get you, baby.
Get you home, I say.
I want to take you for a ride.
I want to take you for a ride.
I'm praying to see you.
This ain't a game to me.
Oh, baby, you're my destiny. I want to see you this ain't a game to me But baby you're my destiny
I wanna take you
I wanna take you
I wanna take you
Oh yeah
Take it. Thank you. Ladies and gentlemen, if you're here right now, please hit the top of the Jumbotron,
give us a like, comment, and retweet on today's space.
Two minutes, let's go! I will fight with all my mind But we've only got some family life
I wanna take you for my ride
Yeah, I wanna take you for my ride
Expressions in a gangrene
Baby, you're my destiny. I want to take you.
I want to take you for a ride.
Oh, I want to take you for a ride.
I want you.
It's places in a game where you go, baby, you're my destiny.
I want to take you.
I want to take you for writing me.
Yo, what's going on, everyone?
Welcome back to Sapien, turning your time into impact and helping you earn rewards while training AI models.
My name is Ice, and I'll be your host for today's show.
Now, ladies and gentlemen, we have an absolutely stacked panel today.
So many brilliant minds, so much star power here on one stage. I would start with an opening statement about why base is for everyone, but I think it's safe to say that after today's space, you guys will be able to see for yourselves.
So let's get into this, guys.
But first, please allow me to check in with my co-host, AI enthusiast and marketing director behind the Sapien House account.
What's going on, Ben? How are you doing today, man?
Hey, what's up?
Oh, bad echo.
I didn't have volume and all of a sudden I do now um okay yeah we're we're doing good let's get into it I'm really excited
uh echo check I think we're I think we're doing okay right Ben I think I think we're all right
I think we're all right I'm glad uh glad you're here man glad you're this is uh honestly one of
the most exciting spaces I've had in probably my entire week.
So thank you so much for allowing us to do this, man.
Ben, it is always a pleasure to speak with you as well.
But as we said, lots of star power here on this stage.
So guys, let's get into these panelists introductions.
First off, I do want to welcome and say hello to the man himself, the legend and CEO of Sapien.
What's going on, Rowan? How are you doing?
Definitely not a legend, but hey, hey, what's going on? Great to be here.
Thank you for organizing, Ice, and great to see a whole bunch of friendly faces, actually.
Pretty refreshing.
Thank you, Rowan. I think the moniker of legend is definitely well-deserved.
But also, I must say, what's not well not well deserved is the credit for organizing set spaces.
This goes down to our man Vincenzo.
I don't think he's here right now.
This goes down to Emmy there in the crowd.
This goes down to all of the amazing team members over at Infungible.
So shout out to you guys for making this happen.
But Rowan, nonetheless, it's a pleasure to finally get to speak with you again.
It's been a couple of weeks.
It's been a couple of weeks.
So glad to have you back, man.
Thank you so much.
And that being said, let's go ahead and check in with, oh, man.
I don't even know how to introduce these next panelists.
It's giving me goosebumps just looking at their PFPs right now.
So I'm just going to glance it over and read it out and let the legends speak for themselves.
First off, let's go ahead and say hello to David from BASE.
What's going
on, David? How are you doing? Hey, everyone. How's it going? It's great to be here. And like
Ron said, great to see so many friends and familiar faces. Absolutely. And we're going to be
speaking of friends and familiar faces when we say everyone, by the way, that includes you folks.
That includes you folks in the audience as well. We're talking builders, but of course, we're talking consumers.
We're talking founders everywhere from the top to bottom.
So guys, thank you so much for joining us.
Let's go ahead and kick the mic over to Steve joining us from B3.
Is he actually on stage with you?
Yes, he is.
Yeah, what's going on, Steve?
Yeah, how's everyone doing today?
Thanks for setting this up and allowing us to join.
Excited.
Thank you, man.
Thank you so much for joining us.
This next one, oh my goodness.
I think they got a really cute PFP.
So let's go ahead and say hello to the chief penguin, Coco, from Toshi.
What's going on, Coco?
Thank you so much for having us.
All is well.
I'm very excited for this space.
And as you said, bass is for everyone,
but the most important thing about
bass to me is it is the
most collaborative effort you'll
ever find in this industry, and that's
shown by this panel as well.
Thank you,
Coco. We're definitely going to have to come back to you
in just a few minutes. One of the most
impactful collaborative
efforts, and I'm going to pass the mic back in just a moment minutes. One of the most impactful collaborative efforts. And I'm going to pass the
mic back in just a moment to get more information on why that is. But in just a few minutes,
we'll be sure to circle back, Coco. Thank you so much for joining us. And before we start things
off today, I do got to say hello to our good friend, Tao, coming from Aerodrome. What's going on, Tao?
Hi, y'all. Yeah, I'm Tao. I'm part of the core contributor team at Aerodrome and Velodrome,
and very happy to be here with this group of chats and the panel. Thank you for having us.
Oh, thank you. Thank you for being here, Tao. With that being said, ladies and gents,
let's go ahead and kick off today's discussion, shall we? And we'll do so with a very general icebreaker question.
We'll start at the top and then we'll work our way down into deeper subject dives into the rabbit hole, as we say.
So the first question I do want to ask you guys is the following.
Why? Why are both builders and consumers turning their attention towards space?
Did something happen in 2025? Or perhaps was this always in the background
and it is just now taking the forefront
of everyone's thoughts?
So please take a moment,
think about what you want to say.
And at any point when you're ready
to jump in on the conversation,
please use the bottom right hand panel
to raise your hands like so.
And of course, if you have anything
to add in direct response
to what the previous speaker just said,
keep those hands raised for me, but also hit me up with one of these waving hand emotes right here.
And I'll be more than happy to skip the line and send you the mic ASAP.
And for everyone else in the audience right now, please go back to the top of the Jumbotron.
Give us a like, comment and retweet for today's space as I actually hand the mic over to our man David
to start things off. David, brother, talk to us, man. Why are both builders and consumers
turning their heads to base right now? Awesome. Yeah. Happy to kick off the conversation here.
I really think that, you know, builders and consumers are turning their heads to base
because base is increasingly becoming the center of the global on-chain economy.
This on-chain economy that we're all building, BASE is at the forefront, at the center of it.
It has the most vibrant ecosystem of builders, creators, consumers, communities.
So I think it's increasingly becoming the center, which is driving lots of attention, awareness,
onboarding lots of normies, Fortune
500 companies as well. And it's becoming the front door for people to come on chain. So
whether you're coming off chain, or you're coming from other ecosystems, or if you're
coming from the main Coinbase app, base is your first stop. And then a lot of people
are coming from base, coming into base and going
into other ecosystems and exploring uh the on-chain economy so yeah base is a center um it's
increasingly become people's first stop in crypto um and helping them go other places and explore
what's out there thank you so much for that david and you know it really is that the at the center
when it comes to the front door for people to come on chain. Like, I'm watching these streams, I'm watching these sports. And I got to say, I see, I see it, I see it all over the court. I see it on the banners, Coinbase, all over the cars, just wherever you go, it seems like it's impossible to get this out of our thoughts right and while i have you here david how would you actually describe this um the first onboarding experience for someone that has never experienced crypto crypto before
when they kind of onboard uh via the coinbase app like what is that experience like and why does
that make it stand out so much compared to everybody everyone else out here yeah definitely
i think um you know base is built on ethereum and it has all the benefits of Ethereum, but it's way faster and it's way cheaper.
And, you know, we're scaling all of Ethereum's tech and values.
So Base itself as a chain is super easy to use, super seamless.
You know, gas fees are negligible.
It's super fast with flash blocks coming out soon as well.
So, you know, it's the best place for, you know, apps to live and for users to transact.
And even for traders to trade, traders to, you know, create.
So, base is where we're onboarding folks to from Coinbase.
And Coinbase is, you know, the largest exchange.
We have hundreds of millions of users.
And, you know, it's where a lot of people first learn about crypto.
I mean, me, myself, I bought my first crypto on Coinbase, Bitcoin and Ethereum.
And, you know, that's where I, you know, first interacted with crypto.
And that's where I continued to look at other assets as I became more crypto curious.
And as I started coming on chain to use my Ethereum, because I became more crypto curious, and as I started coming on chain to use my
Ethereum, because I realized, you know, Ethereum and Bitcoin is more than just like a financial
asset, you can actually use it in the on-chain economy.
So I think there's lots of users like me.
When I first learned about crypto, they're coming onto Coinbase, they're buying their
first crypto, maybe because they saw it on the news or they heard about it from their friends or they
recently found out that Shopify takes USDC payments, right? And they're buying their first
crypto on Coinbase and then we're funneling them into base so they can start using their crypto
and start doing more and getting more out of it. And people love Coinbase because it's the most trusted,
it's the most easy to use, it has great UX,
and we're building lots of on-chain initiatives
on Coinbase app itself, including the DEX
that's gonna be featuring all base assets on Coinbase.
We have borrow lending,
I mean, borrowing against your Bitcoin in the main Coinbase app and a lot more on-chain initiatives.
So, yeah, people are coming from Coinbase into base and it's their first stop in the on-chain economy.
Well, if that first take doesn't absolutely send some shivers down your spine, like, man, I don't know what does. That is what an incredible opening to this space, David.
I'm glad we picked the right man to pass the mic for the first thing.
I think we've exhausted everything almost a little bit here in terms of why people are actually turning to base.
So thank you so much for illustrating that for us, David.
But I actually kind of want to pivot a little bit and kind of bring the focus for builders.
Like we talked a lot about consumers just right now with David.
So on this one, let's actually go ahead and bring it over to you, Rowan.
Let's talk a little bit more about the builders.
Why are the builders focused more now on base?
It seems like years ago, Coinbase has existed for so many years,
but it really does feel like this year, and maybe at the tail end of 2024 specifically,
it seems
like a lot more folks both web 2 and web 3 are talking about base and coinbase by extension
so why do you suppose that is roland for me it's distribution i think base really was created with
kind of one mission and that mission was just to make on-chain
significantly easier, significantly cheaper.
And then once you've removed all the friction,
the friction's typically in complexity of coming on-chain
and the expense.
Obviously, a lot of folks can't afford
Bitcoin-style transaction fees.
Ethereum transaction fees were at the time horrific.
They're actually relatively reasonable
now, but even then it's still a barrier to entry. And so once you kind of strip back these two
barriers to entry, really you're left with how do you draw the people to change their behavior?
And the kind of thesis at the time, a few people on this call were actually there at the time.
It's kind of fun to see. Daryl was knocking in and out a second ago. But the last thing you need to do is make it fun. And if you can make it cheap, you can make it easy
and you can make it fun, then you're going to end up with distribution. Coinbase kind of had an
unfair advantage in that they already had a huge number of users. And so for them, it wasn't a case
of cold start. It was a case of how do they get those users to kind of move their activity from
centralized to decentralized.
And ultimately, they've ended up with the key thing, which is distribution. And if you're
building a business, you're building an app, you're building a product, something in the
on-chain space or alongside the on-chain space, the one thing that every business needs is
distribution. And so building within the base ecosystem, to me, kind of gives you that key
important ingredient, like let's get people to see this, let's get eyeballs. But I think the other
piece to kind of piggyback on what David's talking about, the UX is super, super important, and
everything just being kind of seamless and working together. And then the fact that we've got the kind of super chain vision, which we're not quite
there yet. Like super chain, I guess it's been a couple of years since Law of Chains was drafted
between Optimism and Coinbase. But the idea for anyone that's not familiar is that all chains
within the super chain, be that Zora, be that any other, can fully interoperate. And so now you're left with rather than 10, 15 different disparate chains where nothing
speaks to each other, all of a sudden you can have a bunch of users floating between
different apps with all of the complexity of multi-chain kind of obfuscated and getting
out of the way.
And so the short version of what I'm rambling on about is its distribution, but it's also just the UX.
Right there with you, Warren.
I think when it comes down to the user experience, and by the way, this is something that we're going to come back to separately in just a couple of minutes about the UI UX.
But I definitely think UI UX, it's one of those things that really, it really differentiates when somebody will stay loyal to an app or when
someone will just uninstall because like this is too much of a pain in the butt for me to really
learn how to get through um definitely speaking from experience there as well rowan uh but i'm
right there with you man i think distribution obviously coinbase having a being so early having
that distinct advantage separates them from the crowd right but before we actually pass it on to
the next panelist wanted to get your thoughts on the whole making it fun aspect rowan so when you when it comes to making it fun what are the
next steps into gamifying this distribution experience what are your thoughts on this
for us it's super important and speaking selfishly just for a second we're basically trying to connect
Speaking selfishly just for a second, we're basically trying to connect anyone, essentially,
anyone everywhere with an ability to monetize the knowledge or the nuanced understanding they have
by selling that to enterprise businesses that are typically building vertically specialized AI
models. And so for us, a lot of these tasks are just dry. They're not fun things you want to do
with your time. And so if we can make it even 1% more fun, that's going to make a big difference to retention, to engagement,
and ultimately help us onboard more people and have them be able to more easily monetize what
they're doing. But I think just speaking more broadly, we've got a tech stack that we know
can add a ton of value to the world. And this is speaking just about
on-chain, about crypto. The vast majority of people don't want to lean in because it's seen
as this weird, complex, boring thing. Like if we're talking about how a Swift transaction works,
it's just going to fall asleep. And I think one of the things that we seem to be doing,
I guess, wrong as an industry is that we try and go into all of the technical
detail about how everything works. And the reality is most people don't care. They just want it to
work. And I think there's a bunch of teams that are now starting to realize that the right way
to get people to do these things is to get rid of all that technical complexity and just let them
come in and take the value. Let them come in and create. Let them come in and play awesome games for the folks over at B3.
Let them come in and utilize the ability of either generating some yield or swapping between assets for the folks over at Aero.
Or let them come in and kind of embrace culture over in Toshi. apps that have realized that providing real value up front and trying to get rid of as much of the
onboarding complexity as possible is the right path to actually bring that distribution into
the fold. We're doing something similar here. It's early days for us. We're starting to gamify the
kind of first elements of our app. But what you'll see in the coming months, which we're super excited
about, is that we're just about to rip up the branding that you're looking at. I think if anyone's looking at the Sapien logo, it probably looks a little bit like
the men's toilet sign. That needs to change. We're no longer a scrappy startup. We're no
longer trying to prove product market fit. We now know that we have product market fit.
And so the time for us to really grow up a little bit and bring our look and feel both for things that are silly, like the website that may not mean much to everybody, but important for enterprise customers.
But for users, we need to bring the app up to scratch.
We need to kind of embrace what everybody else on this call is doing by creating really slick onboarding experiences and making it super easy for folks to participate.
Super easy for them to monetize their knowledge. And that's the easy for folks to participate, super easy for them to
monetize their knowledge. And that's the path for us to start winning. Oh man, Rowan, I'm pretty sure
you got the entire panel and the crowd going there with that logo. But, you know, I actually,
I think the Homo sapien, like the foundation of the root, the origin of the logo, it's very relatable.
Right. And I think this is why your logo specifically stands out.
And it is so memorable, actually, in the space.
But nonetheless, looking forward to what the to what the new the new version could look like.
But just to piggyback off your point, I do agree.
I think that the removal of technical complexity, kind of getting rid of this Web3 jargon, all these big terms, all these big words, it's important for onboarding. But I think more importantly, actually, is the fact that you guys are actually gamifying the educational experience. education and thorough understanding of how blockchain actually works still has to come
eventually. And just like children going to school and younger adults going to university,
raw shoving textbooks down their throat is often not the best way to go about it, right? We have
to find ways to make it easily digestible, and we have to do it in ways that is actually fun.
So it triggers different areas of the brain to make it more engaging. And just right now,
Rowan, since you mentioned Aerodrome, I would love to actually love the opportunity to pass the mic over to Tao on a quick follow up from that original question.
And that is Tao, man, what are your thoughts on gamifying Web3 education?
Do you think this is something that we're doing effectively right now?
Or do you think maybe it could use some work?
No, absolutely. I think I totally agree with the points here. I would say there's a balance you
can strike where you align incentives in a way that it can be fun to participate in the ecosystem
and you also build up really strong fundamentals so it doesn't stay at only the fund. It also builds out sort of like a technology
that cannot actually be disruptive.
And that's what we've been aiming to do with Aerodrome
and in collaboration with Base and Coinbase,
which I think is an excellent combination.
Maybe for a bit of context on Aerodrome and Aerodrome's model,
for anybody that is maybe not familiar, what you have on Aerodrome is a decentralized exchange, a tax similar to maybe what you would use on Uniswap.
But you have this incentive system where Aerodrome emissions or Aerodrome token rewards are flowing to liquidity pools at all times.
or Aero token rewards are flowing to liquidity pools at all times so that as a liquidity provider,
you are always earning Aero rewards. And in return, any trading fees that are captured
by the liquidity pools, they're sent back to BE Aero voters. So anybody that gets Aero and locks
it as BE Aero, they become voters. And so through this sort of feedback loop,
you sort of get this system where ArrowDome captures the growth of the overall base ecosystem
while rewarding LPs and rewarding participants in the best way. So it's essentially the most
valuable participants in the ArrowDome ecosystem, which are voters and liquidity providers,
get constantly rewarded for their participation.
So it is a bit of a game in that if you have some tokens,
let's say, wrapped to ETH, UCC, you can deposit them into the liquidity pool,
earn Aero rewards constantly, which feels a little bit like you're getting rewarded.
Almost like, again, sort of like you're getting points,
but these are actually tradable points, arrow tokens,
that you can trade at any time if you want, or you just can hold it if you want to hold arrow for longer, or you can lock them, etc.
And it's an economic system that rewards growth, rewards participation, rewards sort of like engaged players.
sort of like engaged players. So it can feel a bit like a game, but you're actually building
out sort of like critical liquidity infrastructure that can be very valuable to the entire ecosystem.
And so we're extremely bullish, this trajectory, crypto in general, but in particular base,
the combination of being able to have, as they say, financial Legos, which allow you to build different systems, different designs,
while at the same time bringing in more sort of like fundamentally sound sort of assets and tokens onto the base ecosystem
like we have now foreign exchange pools, you have your USAC, the Canadian dollar, the Brazilian real that you can actually trade on base and allow you to now execute functions that are very critical to the overall financial ecosystem, like moving funds across countries or you have BTC, you have Bitcoin, you can earn yield on your Bitcoin. We're still holding
it. And I don't know, we've seen some of the announcements around potentially bringing stocks
on chain. So imagine the combination of having stocks and liquidity pools while you're holding
Tesla and earning rewards while holding a Tesla Bitcoin pair. That would be kind of cool and fun.
So I totally agree.
I think there's a lot of space where we can continue innovating
and having a partner like Coinbase, having a partner like Base
makes that realistic and exciting as well.
Yes, realistic, exciting, and also going back to it, it makes it fun.
I think it's that thing we don't really talk about, especially in businesses, but it's
nice to have that sprinkle of fun.
Just call it decoration or call it something that's necessary.
But in my opinion, having this and not having this, it really does differentiate what makes
people stay and what makes people go.
And when it comes down to it, like the raw gamification, the raw fundamentals,
it's very simple, right?
It's about the brain.
It's about psychology.
Number go up, dopamine makes brain feel good.
Great.
But also adhering to these foundational game loops
while providing additional value to that experience.
I think this is where Coinbase is really, really standing out
because you guys do the thing where,
yes, we have that game loop that entices people to come back.
But along the way, the more you use it, the more you learn.
And it could be even happening in the background.
You might not be aware that you are learning.
And that is, in fact, the most effective form of education, in my opinion.
Whether it be knowledge, whether it's value, whether it be networking opportunities, there is so much that is just beyond the initial UI UX.
But speaking of UI UX, I do want to take the opportunity to pass the mic to Toshi, get Toshi in on the conversation here.
So let's bring it back to Coinbase and of course, base as a whole.
So what UI or UX features does base offer for its consumers that stands out amongst the crowd?
It's a good question.
I'm going to answer it a bit more broadly because I heard so many good things already that I just want to, like, I'm going to give you a broader answer in general.
So what I think makes Base unique is it taps into an audience
that is Web 2 coming into web 3 on the coinbase side
it taps into an audience the way the base was built it's a very homogeneous community everyone
really feels like it's easy to work together there There are no fights and there are no projects going after each other.
Sure, communities will always, especially when it comes to memes.
But in general, projects are super collaborative.
Then, as Rowan said, it's all about distribution.
So now you have Coinbase basically saying we're bringing Coinbase on chain.
Coinbase on chain, you're now getting access to hundreds of millions of people.
You're now getting access to hundreds of millions of people.
And you take all of these facets and they make base this incredible space.
Last cycle we had Ethereum, you would trade some tokens and like boom, $800 gas fees.
It's fun if you're putting a few thousand dollars into something expecting a few
hundred thousand out, why would you ever pay $800 for a transaction?
Building a layer two takes that away.
Only having the penny or less in fees takes that stress away.
So you now open the door to millions and hundreds of millions, even billions of
people that could transact on chain.
And then everything like Dow said, what Aerodrome is doing and all the assets
that Coinbase are bringing on chain, it just adds to that.
So when you ask me like, what about the UX, the UI of base?
I think it's everything.
I think it is the fact that what I see on base specifically for us, right?
We're a meme coin. I'd rather almost call it a community coin. fact that what I see on base specifically for us, right?
We're a meme coin.
I'd rather almost call it a community coin.
We have people that do not really care about the number go up in the short term.
They believe in a vision.
They believe in something long term.
They have been around for almost two years now.
They've seen us go up and they've seen us go down.
We've gone up a lot. We've gone down 90% many times.
But over time, it climbs.
Why?
Because you build a larger base of believers.
So to me, it's not as much about the UI and the UX that base offers that is unique,
because to a large degree, a lot of these apps, like the Arrow, the Unis,
all these things exist on other chains.
What happens is you have true builders that are coming onto base, building real
apps because they see the distribution, they see the potential for growth.
They see this collaborative effort and they're like, I'm going to
bring my high quality project where onto the blockchain, where onto base?
Why?
For all the reasons I just mentioned.
So now you have people that last cycle may not have been interested in building
crypto for whatever reason, this cycle they're like, huh.
Then they see Coinbase, a company listed on the stock market, a company doing
incredibly well, regulated, everything above board.
So why shouldn't they at that point?
So I think what Coinbase has done by introducing Base to all of us is they've
brought an accelerator,
rather an accelerant, to our industry that a lot of people still don't realize is happening.
And that is why I think Base stands out, but will keep ripping in growth for a very long time to come, and actually think that the largest jump in growth
hasn't even remotely happened yet so um not really the answer you were exactly looking for
but uh i just wanted to piggyback on a lot of what was said sounds like tosh is pretty bullish
most of the time most of the time when i'm sleeping i. When I'm sleeping, I'm just tired.
But no, it has truly been an incredible experience so far.
And I can only imagine that the next few years are only going to be more and more fun.
As you said, it's all about fun.
Munecoins are about fun. Communities are about fun, communities are about fun, and I truly believe that as base grows,
any value of communities is more so than now valued correctly,
which I don't think people still understand what the value is of our communities.
of our communities, oh boy, you're going to see a whole shift happening on chain where
Oh boy, you're going to see a whole shift happening on chain,
suddenly the communities are going to be bringing in a flow of Web2 people into Web3.
I don't like calling it that way, but call it retail coming into crypto that you've never
seen before.
And all those people will find their way onto the blockchain.
We'll find, as Tao said, hey, I've got some Tesla stock.
Why not bring it on chain paired with USDC or Bitcoin or whatever and earn rewards while I'm holding this for the next 10 years?
Like, there is a shift coming that people don't realize.
I agree, Coco.
And I can kind of give a different perspective.
Like, you know, in life when you're doing certain things and your parents tell you no or your parents tell you whatever and you're just like, ah, what do my parents know?
They don't know anything about this.
But then after the days and weeks and months go on, you start to realize that your friends are now starting to tell you the same thing.
And whenever your friends tell you this, it carries with it a different kind of convincing manner to it.
It carries with it a weight that is different.
Maybe it's not as heavy
as the way that the parents pitch it, but it sometimes is more convincing. And this is the
exact same kind of like word by mouth referral by friend system that I find that whenever I'm
reading these things or whenever a normie reads any kind of crypto article, they may relegate to
the idea that, oh, you know what, this is a scam, forget it, and then brush it off, discard it
immediately, right? But when it comes down to their friend doing the same things that, oh, you know what, this is a scam, forget it and then brush it off, discard it immediately, right? But when it comes down to their friend,
doing the same things that they do,
loving the same things that they love,
and then they tell you about the certain things
that they are involved in,
that actually is a much better onboarding effort
than us trying to like,
just trying to shove a product
down our consumer's throats, right?
It hardly ever works.
But right before I pass the mic over to Ben,
I see you with your hand up, man. i just want to check in with coco once again um so knowing that um toshi
being a meme coin community um i kind of wanted to follow up on you a real quick coco and is that
first off like what is the meme coin community like over on base and what is toshi working on
right now to drive those efforts forward so specifically on base, so we were the first meme coin to go live on base.
We were live before base main ad was officially live.
We're also a community takeover, which means that the original founder of Toshi essentially
tried to steal funds from people, which he actually did, and left the project and left
Heal funds from people, which he actually did and left the project and left it for dead.
it for dead.
And myself and a few others stepped up and took on the project.
And we literally just spoke to a group of people on Spaces and said, we don't know what our plans are exactly.
We have this idea.
We believe that there is this potential in Toshi.
And we think that squandering that and letting it die makes no sense.
So let's try and actually make something out of it.
And we got the support from, I would say, anywhere between 8 and 15 people at that point,
actively.
Out of those maybe 15 people, I would say only two people aren't as actively around today
as they were back now. For some of these people, they were able to pay off their home.
Some of these people haven't sold, have only bought more. And what I've noticed,
because when I entered crypto, I was fully on the meme coin side. At first, I didn't realize that all these things I was trading were meme coins.
I thought they were real companies.
I was a bit oblivious at the start.
But what I realized is like when I look at 21, whether it was BSC, whether it was later on ETH, the thing that wasn't there was the willingness to stick around.
So when we took over Toshi on base, I said, listen, whatever we do, we need to stay.
We need to set the tone on this chain.
We need to start building culture here.
We need to start inviting people to build for the long term,
because we knew Coinbase isn't doing this for fun.
They're not launching a chain for shits and giggles.
They're launching this because they have a very long-term plan.
So let's align ourselves with Coinbase.
Let's align ourselves with base.
Let's make sure that our wording, the messaging, our branding, it is friendly.
It isn't your typical redacted m'lady.
I love all these cultures in our industry.
Just it wasn't the right fit for us on base.
So what I really like seeing on base ever since,
and I hope we've been able to influence a lot of decisions
within other founders and other communities,
is we see positivity.
We don't see a lot of PVP.
We see a lot more cohesion.
We've seen people in the, well, for example, to give you an idea, there's
someone in this audience, I won't name them.
They're currently in Iran and they're not having a great time.
And it's like, we speak every day and we speak about life.
I may not be super active in the main chat because it's just a whirlwind of messages
there and if I get active there, I get a thousand yen a day from people trying to
sell me something, but I'm in a hundred side chats and it's just such a strong
community of people willing to work for free to better the brand.
So when you ask me like, what are you working on for Toshi?
Well, we're working on many things.
We're doing something within Farcaster,
within the revamped Coinbase wallet app.
We have a few other things happening,
but our main mission is to always grow the brand.
And that is what I've been telling people from day one, essentially,
is we're going to build a brand
because once
those billion people are on chain they're not going to look for all these weird tokens that
are out there they're trying to have some super niche culture they're gonna come and try and find
something that they can relate with that they can feel is part of their identity to a degree, or at
least it doesn't feel like it's the wrong fit. So when you look at Pudgy Penguins
for example, they've done a stellar job achieving that. We're not running the
Pudgy Playbook, but to a degree, cute works, fun works works and our entire goal is and i'm sorry to hold on so long i have
this tendency so just feel free to cut my mic off at any point but we really just want to build a
very large size brand being able to help lift up the entire chain in any way we can help lift up other builders arranging from small
other communities to mega defi like whatever we can do to help grow we believe that
memes and communities are the easiest onboarding tool for any chain
but once they're there they need to go and do more on-chain than just hold one token.
So, yeah, sorry for going so long.
This is my number one skill.
I will mute myself now.
Coco, thank you so much, man.
We appreciate you, my brother.
You know, building a brand, finding something that people can relate with for both builders and consumers, very, very important.
And I really do think this is also something that strikes home, right? I think memes has that kind of power, right?
Memes has that kind of power to proliferate through all these emotions that we see in this
space. All the downs, all the ups, all the green and red candles, no matter what is going on,
people can at least relate and identify and kind of like vibe with memes a little bit more. So
it helps us identify who our audience is, which I think is really, really powerful. But on that note, Ben, you got your hand up. Well, we're going to kick
it over to you, man. Please go ahead. Speaking of audience, I see Jesse down there. What?
Did I get rugged? That happens when people call. I was like, right when I started talking, I've, uh, anyway, uh, yeah, PFP, not PVP, right?
Um, as somebody with the name, the NFTs, I know all too well about holding and valuing community over valuing, uh, uh, uh, I don't know, flipping.
But anyway, I, I want to toss it to Steve.
I, Steve, like you're, you're a man of, of many games. Uh, you know, fun, you know, toss it to Steve. Steve, you're a man of many games.
You know fun.
You know base is the place for fun.
What are you seeing as the super fun element that's keeping us all engaged right now?
Because I got to admit, communities is one of the driving forces that's keeping me around for sure.
Yeah, Ben, that's a great question.
Thanks for passing it over. A little intro on me i guess i
didn't say at the beginning i helped do kind of partnership management and product ops here at b3
if you don't know us we're a layer three scaled on base so we're bringing on chain gaming to the
masses you know truly scaling gaming by you games, growing them, and rewarding those players.
So that's a little just on us, but kind of back to your question and kind of what has been chatted
here today is we really look at it of onboarding all these users or these newbies into, you know, the base ecosystem into the on-chain realm through that
gaming lens, you know, and how do you do that? You create like truly fun, engaging games, you know,
they aren't coming for necessarily the blockchain infrastructure or the back end when you're a user,
you know, you're coming for, am I having fun? Am I enjoying it? Am I, you know you're coming for am i having fun am i enjoying it am i you know
addicted is the spin wheel there am i getting that dopamine hit so you know we're doing it by
onboarding them into you know environment that looks truly web too you know they don't have
you know a wallet yet they they're getting into the system like a regular user.
And then over time, kind of that gamification of learning that we were talking about earlier,
maybe you have aspects of the game where it's a leaderboard on chain that they get exposed to,
and then they move into, hey, you can actually own this asset.
Do you want to claim it?
And then that, you know, keeps that fun loop going. So
originally, you know, it's sticking to what is tried and true. What is, what is the fun
of a game? You know, what is addicting, you know, going back to those simple, quick, casual
shooters back in the day, like on addicting games or mini clip you know that is
kind of what our bread and butter is and then it goes further than that so that's kind of the the
intro of you know how do we onboard you know to the masses how do we get to everyone and then you
know like you said hating on on the head we have a great ecosystem
here with base um and we've actually collaborated with toshi and airdrome in this so you know we
launch a game with uh toshi and had great success and you just come and play and then are kind of
rewarded with their token so it's great to see all of us here today in one
and collaborating together.
Do you have a favorite game, like a personal addiction?
Personal addiction.
Shoot, that's a great question.
You know, I got to shill our games on here.
You know, basement.fun, a lot of casual hyper casual games uh bank shop pro you know it's just
a quick basketball shooter banking it in you know get addicted keeps you in the loop i want to get
to the high score climb the leaderboard so i think those mechanisms of you just wanting to be your
friends entering in a tournament you know are
keeping me around there well there you go bank shot pro and talk to rowan with his hand up
just while steve is talking i saw a post maybe like a month back maybe a few weeks back about
the b3 boy which for anyone that's not aware and i might be getting this name wrong so steve like
keep me in line but it's uh it's like a Game Boy-style device,
but it's preloaded with a ton of cool games.
And I thought that was epic.
And I thought B3 were kind of pulling out all the stops there.
But then today, I saw that you and the crew
have either bought or invested in a PC builder.
And the thing that caught my eye,
like obviously every gamer needs
a kick-ass battle station, but I think there's one part of that post that caught me.
The gaming rigs that B3 are able to provide have a self-destructing SSD, which is one of the most
wild, badass things I've seen in ages. Steve, can you just give us like two minutes on what on earth is going on there?
How do we buy one?
Is that actually a thing?
Are you taking the piss or can we really buy this?
I'm really glad you brought this up.
Yeah, huge news today.
You know, we have a strategic kind of partnership and investment in Andromeda Insights.
They're a native gaming PC.
So right now they have no marketing.
They're always sold out.
You know, they have amazing growth year over year.
And this strategic investment allows them to, you know, scale properly and grow building these PCs.
So that's kind of the marketing behind it.
And out there, there isn't a true Web3 specific gaming PC.
We're the gaming chain, so we need our own gaming PC there.
So a little about it.
Yeah, it has a true self-destruct button with two modes, secure erase, scrambling your data, making it irretrievable.
And then actually physical destruction where it sends a shock pulse that kind of melts the drive.
So pretty, you know, unique characteristics to this, you know this gaming PC that is really driving it right now.
How did we almost gloss over that?
I have it pinned at the top for anybody who wants to see the thread.
Absolutely bonkers.
Is that not the coolest thing you've seen?
So ridiculous.
Yes, that's amazing.
I love it.
It's like the first bullet point self-destruct drive.
What? Crazy. ridiculous yes that's amazing i love it like the first bullet point self-destruct drive what crazy
whoever on your team steve whether that was daryl whether it was victoria or sammy or anyone else
like i presume it probably was actually sean but whoever it was props to them ridiculous
yeah sean kind of led the efforts there on finding them and uh introducing us in there
but i think it was a total team effort by Sammy, Victoria, Daryl, and Sean.
You know, I feel like this one's going to be tough to one up.
You know, I was going to actually pass the mic over to David to get his thoughts on some
latest innovations in tech.
But I think a self-destructing SSD.
Oh, that's going to be that's going to be tough.
That's going to be tough to top.
But I'm going to I'm going to I'm tough to top. But I'm going to try anyway.
I'm going to try anyway.
It's going on and passing the mic over to you, David.
What are your thoughts on this, man?
What are some of the latest innovations coming to base in the new future that we should be looking out for?
Yeah, absolutely.
So yeah, I think there's lots of innovations coming down the pipe.
So yeah, I think there's lots of innovations coming down the pipe.
In terms of base, the chain, we have flash blocks launching at the end of the month or early next month.
And this essentially makes base the fastest EVM chain to date at 200 millisecond block times, making us 2x faster than Solana as well.
So every app on base should benefit from this.
The user experience should be much better.
If you're trading, if you're trading, it should also be a much cleaner UX.
And then on the Coinbase app side, we also have tons of innovations.
Earlier I hinted at, you know, we're bringing DEXs on base to the main Coinbase app, right?
We're launching more and more on-chain initiatives in the main Coinbase app to give
base builders distribution and reach to existing Coinbase users. And then I think, you know,
the Coinbase app is awesome, but for many of us, it's not really our daily driver. Coinbase app,
for me at least, I just hold my assets on there and it's more of an investment app for me.
for me, at least, I just hold my assets on there, and it's more of an investment app for me.
And I think for more experienced crypto users that are more on chain, you know, using base on a day-to-day basis,
Coinbase Wallet is probably their daily driver.
So I think for Coinbase Wallet, there's some exciting innovations coming as well.
And that is we're revamping the entire Coinbase Wallet app.
And that's going to be happening soon as well.
But the app is going to go from just for trading,
portfolio management, and for DeFi into a super app.
So it's going to have a social feed.
It's going to have an app store.
It's going to have global payments with local stable coins.
It's going to have messaging with XMTP.
It's going to have messaging with XMTP. It's going to have copy trading. So it's basically going to be the way I like to think about it,
the entire base ecosystem in one consumer app. And that's going to be coming soon. And that
should also give base builders, apps, traders more distribution. And our goal this year is
really to find as many ways as possible to help builders, communities, projects, apps and base go viral. And I think, you know, by speeding
up the chain through Flashbox, that's definitely going to help with, you know, better app experiences,
user experiences. And, you know, through the Coinbase app and the new Coinbase wallet,
we're really going to find new ways to turbocharge, you know, app communities, builders, creators, growth, and, you know,
help on-chain reach the masses. And, you know, when on-chain reaches the masses, we can bring
more people into crypto, into base, and help them discover all the benefits, you know, whether it's
global, free, instant payments, or helping creators earn more, or just finding what's
fun for you, or finding your new home, right, which is what Coco mentioned earlier. I think
the best part about Base is that, you know, it's incubated by Coinbase, but it belongs to all of us.
At the end of the day, we are what makes Base special. Every single one of you guys in the room,
all the apps here, Sapien airdrome toshi
be free um we all make base what it is uh and without you uh without everyone here base wouldn't
be uh deleting l2 wouldn't be the top network um in the crypto space right now so I think base is
for everyone because of its diversity because of builders and creators and users like everyone here. And that's what makes this place truly so special. And for many of us, we call it home
just because of the people here. Right. So, yeah, that's what's coming down. And also kind of
piggybacking of Coco, Rawan, Tau, Steve, what everyone said earlier, you know, base is truly
for everyone because of everyone's contributions to base
david man thank you so much for that wow this this revamping is it seems it seems a lot more than
just a simple revamp to the coinbase wallet app so i i'm probably missing some things here but
from just the top of my head app store is coming a social media element is coming crypto elements
of course it's an investment app.
It has copy trading mechanics.
You know, we think of these things like Swiss Army Knives, but it feels like this is a whole ensemble of Swiss Army Knives, all packaged into the convenience of one app.
So, David, I love what you guys are doing, and I can't wait to see more of it, man.
But as we come down to the final minutes, I do want to quickly check in.
First off, I want to check in with Tao, actually, regarding Aerodrome.
And then, of course, we cycle back to Ben for some updates to close things off.
So first of all, Tao, talk to us a little bit about what's coming to Aerodrome in the near future.
Yeah, absolutely.
We have a few upgrades, as you guys will see on the platform coming up. I mean, other than sort of like continuing to collaborate with Coinbase,
I'm bringing on some sort of key strategic tokens on chain.
You probably might have seen CBXRP, CBDoge have landed on Aerodrome.
We'll have more CB assets coming soon. So these essentially allow users on base to trade and
deposit liquidity for established alts like XRP, Doge. We obviously have CBBTC. So it's going back
to the DeFi Legos, how it allows sort of like access to coins that were previously mostly on
central exchanges, right? It's
pretty tough to find XRP on chain anywhere. So now you can find it on base. And not only that,
you can earn rewards as you provide liquidity for it. And next you'll see some improvements
we're making around fee generation with dynamic fees, essentially making them so they react to market volatility.
But I think more relevant to the audience is we are rolling out soon what we're going to be
calling Playground, which will be a section of the Aerodrome UI, and you'll see it on Aerodrome
as well, but a section that will allow tokens that have not been listed on Aerodrome to essentially have disability and be exposed
on the platform and allow LPs to earn fees like they would on any other DEX.
But with the UX that Aerodrome provides, you can see the fee APR, you can buy liquidity,
earn the fees, claim the fees without necessarily just waiting for the LP to accumulate.
So like on most dexes, when you deposit liquidity,
all the fees are just essentially added into your position,
and you can only get them once you withdraw your position.
On Aerodrome, you'll be able to claim the fees that you're earning on your LP,
so they'll feel like rewards.
And again, give access to tokens that are sort of like more experimental,
more new, give them exposure on Aerodrome.
And if we see them getting significant traction, then they can easily be then listed and start receiving error emissions while their liquidity remains on Aerodrome. So it's a way of getting sort of like earlier into the lifecycle of the token,
allowing anybody to participate in the ErrorDrome ecosystem without necessarily waiting for them to be listed
and earn error rewards.
So you'll see the playground.
It also brings back the gamification aspect,
a little bit of like, again,
allowing users to be earlier in the lifecycle,
giving more exposure to different projects, to the diversity of teams on base.
And yeah, we are in a broader picture.
We are always thinking about more ways to optimize the DEX.
We're thinking about the superchain, how interoperability will impact how users interact
across the entire super chain on the optimism side,
essentially base.
So yeah, many plans coming up,
but I think the most relevant will be those,
the playground dynamic fees and more diversity
and quality of tokens and assets on chain. So I think it's
going to be a very exciting year. Sounds like an eventful upcoming year indeed. By the way,
house account for AerodromeFi, I did send you guys an invite to pull up to the stage. I realized we
only have a couple of minutes left here, but it'll be a lot easier, a lot easier for my man Tao here
to kind of pull that call to action. Please give aerodrome fi a follow if you guys are interested in checking
that out but you guys already know what's up i gotta i gotta bring it back to my man ben for
these uh for the final moments of today's show man so first of all ben what are your closing
thoughts for today's space and of course as per usual what are some upcoming updates happening
with sapien that we should be paying more attention to?
Real quick, and then I actually want to throw it to Rowan because, you know, we get the boss man in here himself.
It's better to hear it from the horse's mouth.
But right now, everybody's curious, like, how can I earn?
How can I get involved in the upcoming airdrop?
And so there's pinned a couple of ways, and we'll do
a recap on this. But we screen, sorry, we snapshotted a bunch of different communities,
including those that are on stage here. And if you're, you were holding the token at the time,
you can apply for Sapien Squad. You can just go ahead and register for Sapien and then claim
your NFT token, and that will qualify you for one airdrop. Then we have our CookieDow campaign, which I'm sure everybody's seen is going bonkers crazy.
That's another way is meaningful contributions, sharing our vision to the world and really
helping us scale out our audience there.
And then the other more important, most important one is by participating in the
platform. Anybody who's there completing tasks, earning points, we will be converting those
points to token at TGE. That date is to be determined and the conversion rate is to be
determined. But the whole point here is that we really want to incentivize those that came early
and were really standing with us as we scaled out this platform.
So it's a really exciting time,
and I think there's going to be even more big news on the way,
but I will pass it to Rowan real quick for any closing thoughts.
I don't think there's anything left to say, Ben.
You covered that really well.
I think from my side, it's awesome to see some very familiar faces here. It's awesome to see the base community coming together. It's awesome to be
building alongside each of you. David in particular, a little bit lower. David actually interviewed me
many moons ago before he even joined Coinbase. So awesome to see you here, David. Great to be
connected again. Great to see you kicking ass in the world of bass.
But from our side at Sapien,
we are just about to have a whole bunch of cool stuff happening.
I kind of hinted a little bit earlier on,
rebrand or brand refresh happening very soon,
new enterprise-focused website.
A bunch of new work is going to start making its way into the front end as we pull together kind of the private side of our system
with the public side.
And we're not a million miles away from going live. And going live for us means launching our
token, taking off the collateral system that drives quality, enabling proper on-chain reputation so
that everyone can build that reputation over time and get access to more sophisticated, but importantly, higher paying
tasks. And then ultimately, open it up and let everybody jump in and monetize the knowledge they
have. Super exciting. Next couple of months are going to be big. If you're not already involved,
earn.sapien.io. The socials are all tagged up here. You can jump in and talk about us to try
and get your snaps from Kuki. If we were smart
and we'd thought ahead, we would have brought Kuki into this as well. We will do that next time.
But otherwise, I hugely appreciate everyone that's here and look forward to continuing
building alongside all of you. Thank you so much for that, Rowan. You guys heard the man. Once
again, that is earn.sapien.io. I believe you guys can also find it on the Pinsuite. If not,
then navigate over to Sapien's house account and it surely will be there. Don't click the wrong
links, guys. But that being said, ladies and gents, this will mark the end of our space for
today. Once again, Rowan, David, Coco, Tao, Steve, Ben, thank you guys so much for joining in on
today's discussion. It has been absolutely wonderful and of course thank you
folks in the audience thank you so much for all the likes comments and retweets we really do
appreciate all the love and support everyone and one last time make sure you guys are following
the sapien house account and remember to turn on those notifications so you guys don't miss out on
any of the latest updates but until then there's gonna be ice ben and rowan signing off and we'll
see you guys in the next
one peace Thank you.
