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Blast Top Projects Roundtable
Recorded: Feb. 19, 2024 Duration: 0:58:18Space Recording
Full Transcription
Hey guys!
Alright, so I have some issues with Twitter and let me just quickly let everyone know.
Okay, let's just give everyone a bit more time to join. Let's check.
Gm! Gm! Gm! How are you doing?
I'm doing pretty good. How about you?
Not bad. I can't believe that to the rock dust. Both are.
Wait, let me invite everyone to be a speaker.
Oh, Fox, and you might have to use it to be a speaker as well. Let me know if you can answer that.
Yeah, about to be a speaker as well.
Yeah, yeah. Listen to everyone and invite.
Hello, Catboy.
What's your day? Well, Tammy's over there.
I don't know where I am, so I really don't know the time zone. I've been traveling a little bit over the past 48 hours.
Oh, man! That sounds like a very long flight.
The flight to Denver is even more horrible next week, so...
You're asking, like, why I'm not going to Denver? I can't be honest with you. The 30-hour flight is mine.
Honestly, I think everybody's going to Denver.
Why can't they just do a different American city? Why always Denver?
I wish they did something in Las Vegas, honestly.
You have to show the worst America has to offer.
Vegas. I feel like we're Gandhi enough as it is. More Vegas? It doesn't matter.
It kind of fits with the black possession, doesn't it?
Vegas. In terms of making everything in a gambling growth hack.
Are you suggesting we do a post-conference conference at Vegas?
Actually, dude, I'm 100% up for that.
No more skiing for you guys.
You can all launch a mainnet together.
In the casino?
From the roulette tables.
It's all fucking roulette at the end of the day anyway.
Husband, are we going to be rich? That's going to be the question of the day.
Only after TG.
Oh, hell yeah.
Fox.
Yeah. Oh, Fox has some issues with the internet, I remembered.
Okay.
I think there's some cookies in the community as well.
Okay, so Christian won't be able to open this mic right now and to another speaker.
He sees some like VPN issues.
Okay, that's all good.
So I guess we can start now.
What's our audience friends?
Just give me one second.
Okay, okay. Oh, good.
I started here and then as they join, we make more people as speakers and master questions and everything.
Okay, cool.
So first of all, everyone, thank you for coming to this space.
I'm not sure where you are at right now, whether it's too early or too late for you.
And we have some issues with Twitter.
After all the sagas and everything, super glad you're all here.
And so to start with, I think it'd be great if everyone is like, do a kind of a round of introductions, talk about like what they're building on, and also like what's kind of the background of the team projects and all that so everyone can get familiar with everyone here as speaker.
So shall we start with Loris? I hope you have put your name correctly.
It was absolutely a correct pronunciation.
So, yeah, so we're building insert.
It's a two-sided marketplace where users can win value prizes from their favorite brands, communities and creators.
Our team has previously built several products in DeFi, mostly in the money markets, money market lending and empty lending space.
So you can in some ways consider us a product studio.
But basically what we're building right now is on one end, a mobile-first experience where users can simply win.
A really cool shed from the people or the communities that they admire.
And at the same time, we're taking betting volumes and turning them into a form of creator monetization.
And the rest of the team, we've been in the space for quite some time.
We worked at Olympus DOW, Drift, Truffle Suite, Open, like a lot of great projects and companies that have been operating in the space for some time.
And yeah, we're looking forward to the blast mainnet deploy, which is going to hopefully happen next week.
And we're looking to have a blast on a blast, I guess.
We can't wait. Hopefully it's next week. Maybe tomorrow.
So for the people where it's not too early, can we do a drinking game? A shot for a blast?
I am absolutely up for it.
Every time you say the word blast...
I'm not going to give you the contextual information about why I'm up for a drinking game, but I'm absolutely up for a drinking game.
I think the first...
Every single time somebody mentions having a blast on blast, everybody has to take a shot.
My marketing guy just keeps on wanting to blast off and I'm like, please, don't do it again.
But I thought it was not a bad name. I'm not going to lie.
Go ahead. Jib, do you want to give your introductions?
Yeah, sure. I'm Jib from 100X.
We are a super-fast club, perp, audiobook, built just for blast.
So we're going to be focusing a lot on pre-launch futures and basically starting to build out derivatives suitable for the sort of super-advanced users of blast.
So yeah, we're looking forward to partnering with loads of different protocols coming out and building out their tokens into pre-launch perp products.
So yeah, if you're planning on launching a token, get in my DMs immediately.
So prior to that, you might know me from RISC on Arbitrum.
Yes. Prior to that, you might know me from RISC on Arbitrum, which was a DeFi options protocol.
And yeah, so we basically have a lot of experience working with complex derivatives, how to price them.
And yeah, so we're experienced with this sort of de-fighter of this space.
So sort of perp should be right up our alley. They are right up our alley.
And building all the books super-fast basically gives us the best UX for our users.
So very excited to talk more about blast and looking forward to following with all of you guys in the coming week.
Super gigahertz over there. I guess everyone is going to get into your DMs. Your DMs are going to be exploding.
Start something with us. Okay, cool.
Yes.
Or DM-less. Like Jev is like too busy with his DMs.
Okay, let's pass on the ball to DTX.
Gem, Gem, Hydration, how are you doing?
All good, all good.
All right, so DTX is a perpetual trading exchange.
And we are designed specifically for different traders on blast.
So the biggest value offering we have at DTX is that we will have over 100 assets listings.
And we have many innovative features such as copy trading and more.
So we are super bullish about blast.
And we like deposit seven-minute USD on the first day when blast opens portal.
So yeah, so we will have our testnet live in three days.
So really looking forward to join the ecosystem of blast.
You guys got something good and critically lined up.
Everyone is going to be like, I'm quitting on top of you guys.
Yeah, we're looking for partners to build the LEGO system on blast.
Everyone is going to DM all of you except Pat who is DM-less.
Never mind, passing the ball to Saks who is going to be the last one to give these reductions.
Gem, Gem, I'm Sam from Saks.
We're pretty much a mobile first platform that lets people directly speculate on trends and culture.
So we let people ape and sell hashtags, trends, and all these fun stuff.
I must say stuff.
So OK, let's jump into our rounds of questions for today.
And guys, feel free to make it very chill and start asking different questions
or give more background information.
We think the question is not sufficient for you and everything.
And for the audience, if you have any questions for our guests and our guest projects,
feel free to ask your questions towards the end of the Twitter space.
OK, so guys, first question for all of you, why did you choose to build on top of blast?
Whether it is because of the tech, because of the ecosystem,
or because of Pac-Man for whatever that really means.
Guys, give us your background information for that.
OK, Saks, I see you're already honest with yourself.
Go first.
Yeah, because blast is good tech.
Yeah, so I think it's a combination of just like all the bosses.
It makes sense.
It plays a lot of like the native yield staking is somewhat innovative.
And there's a lot of fun mechanisms you can play on top of that, right?
And like there's a lot of Ponzi-nomics you can structure.
It has a lot of the right community.
Like, you don't really bet against Pac-Man.
You definitely do not want to bet against Pac-Man.
I totally agree.
Oh, Jeff, go ahead.
Yeah, sure.
I'd say there are three main things.
You know, the first thing, obviously, Pac-Man, you know, being super hot helps a lot.
So that's good.
All right.
Number two, so like the...
That's it, man.
That's what it takes.
That's all I need.
So, no, the other reason is, obviously, blast being yielding is really great for perp exchanges.
The reason being is because when users deposit onto the platform, they're earning, you know, while doing so,
while just even their margin is just being at work in their thing.
So if you have a good margin system, which we do, and you combine that with the yield that you gain just by being there,
it actually, like, adds on a nice, like, yield, and your capital efficiency is significantly better than any other exchange elsewhere.
So that helps a lot.
And then the last thing is the ecosystem.
So, like, what we noticed on Arbitrum with risk was that the ecosystem is super important for, like, getting a good number of users in
and, you know, having a place where, like, you had your is available to you.
If you needed to hedge somewhere else, you could do that.
And so blast so far has been done a really, really good job of attracting the right users and the right ecosystem projects.
And so, like, that helps the chain in general and helps liquidity, which generally just helps everyone.
So it doesn't matter whether you have sort of competing taxes on one chain, because ultimately, as long as the users are in one place,
like, having better liquidity conditions is better for everyone.
So those are kind of the three main things I'd say are, like, you know, help a lot with why you would want to build a, you know, a high performance perp DEX on last.
It's interesting both of you mentioned about the yield and also, like, on the ecosystem side of things, they have the innovation you can do
by having all of the liquidity build on top of each other.
Both points were revisited in the following up questions.
But DTIX, do you want to go next?
Right. So we actually talked to many chains before we decided to go to blast.
So we talked to base, ZK, scroll, ZN, RB, a lot of chains.
And one day we talked to Pacman and trying to understand what is his vision and ambition for blast as a layer two.
And one thing he said really touched me because he said the narrative for all the layer two are pretty similar.
And eventually there will be a really like a major dominant layer two where all the ecosystem are building on each other and the system is super booming.
So that his ambition is to be the one layer two in the Ethereum system.
So we really touched by his ambition and really believe in his capacity to make blast the dominant layer two.
So with that being said, we felt he will give all the gas fees back to the community, give all the blast airdrop to the deaths.
All this movement makes us believe that he doesn't really want to make money out of the gas fees or whatsoever.
And his ambition is super big. So those things are really touching us because when we invest in a chain, we actually invest in their dream in the boundary.
And we believe that Pacman is really ambitious to deliver what blast is going to deliver.
So that's the major reason. So we kind of look at this look at this question from a venture capital standpoint.
When you invest in a project or invest in a chain, you invest in the people.
So I think it's up. Go back to Pacman and his team. Yeah.
Looks like this founder who has a big vision has the ability to ask you on his visions and is also being super hard recognized by a fellow male builder.
Yeah, of course.
You actually point on something pretty good. They're like the gas fee, the gas free, the gas rebate thing is actually really good because I mean, for everyone, it lowers the gas for like most teams because if for us, especially we we basically enable a gas experience just because we get the gas fee rebates and it covers enough of the cost.
So actually, like it's actually super powerful, like them being given gas rebates. And I'm very surprised more teams didn't do it.
I'm surprised that you know, like not many other channels that bust that. It's like it's because I think it's.
Yeah, I think it's because a lot of them worry. I love a lot of them worry about like people gaming the gas rebate.
So they think they're going to like basically clog up, you know, block space with like inefficient contracts. But I don't know. To me, that's kind of just a bit of like a.
It kind of seems like a bit of a rubbish excuse, really. But yeah, I'm not.
But yeah, like your users, like especially for like the early usage and adoption is super important.
Exactly.
Lawrence, would you like to give your view on this?
Sure, happy to hop in. So just to provide some context on how add server.
The fact that you're using blast name to yield.
So what we have is provide some additional like let's start for first principles. So anybody uses their application.
They went the men token, right? And when anybody else, if you hold the men token, you win more men tokens whenever anybody else plays.
So there's like this rebasing referral mechanism that's, you know, just like I would have to say like a three, three positive Ponzi.
So it's like a match made in heaven with blast. In our case, what we do is we take those native L2 rewards, native L2 yield and use it to compound like the incentives that our users usually get with just interacting with their application.
My thoughts regarding from a more abstract level on what blast native yield really is. I think it's like a really awesome liquidity bootstrapping strategy from the blast team.
But I think I had a Twitter space like two or three days before where we discussed this where there was like I'll have to say relatively low defensibility when it comes to that because anybody can come and simply decide to distribute those L2 gas fees or any other like accumulated fees that are generated by a chain and just give it back to the users.
But I think it's like an absolutely amazing liquidity bootstrapping strategy that's simply going to lead to a lot of like DAP developers like us coming to that chain and building a lot of cool applications that the people that are already initially aligned to blast will enjoy, will love and will love using.
So I'm super excited for like the next three or four months of blast because I think it's going to be a super exciting time and we're going to see a lot of interesting like D5 related stuff being launched that's really going to push the envelope when it comes to mechanism design and design.
Yeah, totally agree. So like, in my opinion, it's like they're basically vampire attacking like on all of the other like natives and potential like layer ones with the liquidity policies basically.
Once they have like the sufficient enough like liquidity is everything good on top of that, like all the applications and all that will become like much more usable and the user experience will improve a lot as well.
As I go for the infrastructure is really just like kind of a game of the liquidity once you have the biggest liquidity is in general, like you would have the highest chance to win.
So they are attacking all the other infras on their side. And for all of the applications, but on top of them, they're basically giving them gas rebates, incentives, points and all that for them to be able to compete and vampire attacks on their competitors on the other chains as well,
which is like super powerful to think about the effects.
Yeah, I honestly would I wouldn't necessarily use the term vampire attacks. I just think they're playing.
It's not that they're just doing a better job of acquiring users and liquidity because if you look at, you know, other other venues like they it doesn't seem to be their primary like objective like if you look at arbitrary optimism, you know, they're all about the tech in the end.
And and what blast is focusing a lot on is just getting the users and to most developers, you know, speaking from like experience of the apps we've done in the past kind of all the tech underneath matters a lot less than just having users liquidity.
And so I think like, that's like that, that's in the end, if you want to build a successful product, that's what you need. You need good users and good liquidity.
And obviously, like if you're deploying an L2 chain, then you kind of want to go to the one which doesn't really there's really no tech differentiation between any of the L2s anymore.
They are more or less the exact same thing. And so in the end, the only differentiating facts you can look at is users and liquidity.
And so, yeah, blast is doing the best job of that. Yeah, blast.
Blast, blast off. And that actually is two other second questions, which is basically we've heard that the blast team has been super supportive in terms of all their communications for the ecosystem projects.
So since all of you guys are here, what do you hear about your opinions on how supportive the blast team has been? And what's your experience building over there besides all of the overall factors besides like incentives, points and gas rule base and all that?
Yeah, I'll take this one. Because I think what's special about their support for the ecosystem project is that they have this mentor team.
So it's consisted by many blast and joint investors. Most of them are digital players and digital traders. So when we are making and designing our incentive program for DTX, we actually got a lot of feedback from blast team.
So I have never received this kind of support and mentoring on other chain. And secondly, is that I really like this Big Bang competition idea, because it's actually, it's like a arena in which people, projects compete with each other.
And they will always make sure they have the good innovative idea, they have a good execution, and they will stay in arena. So I don't think this kind of arena mechanism existed for other chain. I think that's pretty innovative.
Third thing is, when we are making our product, actually, we actually got a lot of feedback on product from Pacman himself. And he reminded me multiple times that liquidity is the most important factor for DeFi. And he provided a lot of feedback.
So it's really, I think it's really caring and supportive. Because when we compete for other chains, and when we talk to other ecosystem fund, I think people are more concerned about whether you will bring a lot of volume to that chain specifically.
But Pacman, he just started by giving out his ideas and being supportive without asking for something in return. So I think that's helping you to succeed.
Yeah, it's helping me to be successful. So I think that's pretty moving.
I have to always like the same opinion. I think Pacman and Bomberman, the rest of the blurs slash last team, they've been extremely supportive, helping to think through like incentive design, mechanism design, how we think about the product, how we even think about like, what are we going to do on like day fucking zero when it comes to deployment, get as many users as possible.
And I've, you know, we've, as I think I assume most of you, we received like a lot of offers from a lot of different L1s and L2s to deploy to them. And you know, most of the time, just, hey, we're gonna give you marketing support, hey, we're gonna give you like extra liquidity or like, promote, promote like the debt that you're building.
In our case, like these people, like the blast team, like they literally came in on like a Sunday call and talk with our team for two hours thinking through our incentive design system.
And that is a signal of commitment. Honestly, as somebody who has been building the space for more than four years that I haven't seen for a really long time. And that's, yeah, I can only appreciate that. Like, that's beautiful.
Like, these people really care about the product they're bringing to the market, even more importantly, beyond even the product is the go to market. Like, like that sense of GTM execution is like, absolutely incredible.
Yeah, Pacman is absolutely a genius in terms of GTM, just from the example of Blur. And also like he's giving his all of his insights to all of you guys, who is being like busy, like building products and all that who might not spend as much time on like a city, knowing what's going on and all that.
Sometimes, like what you guys really need isn't like kind of introductions to like check more market makers, but it's really kind of like this suggestions from the foundations of the chain from the ecosystem set of things and even the founder itself about like how should you go out and acquire the users, both for your protocol and also for the chain itself.
That's like super bullish. And go ahead.
Oh, no, it's fine. I was just gonna add on to more of what everyone else is saying like, I think what the blast team understands well is that I think like the 100x team said, I'll choose our commodity at this point, the, but the unique value prop that blast is bringing is liquidity is user acquisition.
And what I think what the team understands is that there's for them to be successful. They need to help us make our make our users rich.
Right. And then they're trying to maximize the ways to make the end users and all the blast users rich, and then by proxy trickle up economics.
Not sure that's the thing, but I'll make it.
That's what you said about learning from the online infrastructure and also the product is good on top of that.
Okay, cool chips. Do you have anything to add on to that?
Perfect answer.
Okay, okay.
Let's go on to the next question since we've been talking about like the big fan competitions for a little bit, I mentioned by the x team.
Which vertical did you guys apply for the big fan competitions? And are you nervous for the judges? What do you think is going to be the outcome? And are you excited for that?
That's a lot of questions.
I already forgot the first question.
Sure, sure. Sorry, guys. Yeah, so which vertical did you apply in the big fan competitions? And are you nervous about the judging? And are you excited about the results of the competition?
Okay, so we're definitely in the perfect track. And as for whether we're nervous or not, definitely got our finger crossed for the results. But yeah, but I think eventually it's all goes back to how good the product is.
Because there are three criteria they make judgment on. First is whether the protocol is innovative. Second, whether or not it has a blast native yield narrative. Certainly is how the execution would be.
And the second is, let's say even if we're we're winner on like prep taxes track, but we if we do not deliver a really good user experience or deliver with promise to the community that we wouldn't stay long on the leaderboard or wouldn't stay long in the arena.
So I think this all goes back to whether or not we have a good product and good execution.
Cool, Laura. Oh, go ahead.
Yeah, I mean, we're projects as well. Yeah, yeah, I operate man, super fast. Yeah, I'm, yeah, we obviously went into the box next category as well.
I'm not really nervous. I'm more nervous about like, obviously, just launching it. I mean, launching in anything is nerve wracking. So I'm more worried about the actual launching when it comes to the competition results.
You know, I think in the end, the best product will do the best in the long run, and probably short term as well. But so yeah, I think long run, we're good. So I'm not, not too fast.
Think we'll do well.
Respect the confidence.
Laura, is it like to go to the next? We're launching our PWA next week, along with a blast mainnet.
So we're pretty excited for it. We're just doing QA, talking to users, making sure that the product is really up to speed. And when it comes to like delivering the wish number we really want. So like super excited for about the next 10 days.
I think it's gonna be absolutely amazing.
Yeah, I think we're also getting like gearing up on our PWA for launch, kind of like as everyone else mentioned, have as long as you're really fucking good product, the outcome is irrelevant.
Candidly, the big the competition is less of a competition in my eyes and more of like a Y Combinator Ask Demo Day. So I don't think it's like, it's just like collectively winning and getting eyeballs and then having the right incentives for day one.
Yeah, in the end, it's all about just getting as many users as possible. I mean, if we got a lot a large number of, to me, the Big Bang is all about a huge marketing demo for everyone to see how many amazing projects there are.
And and in the end, like all we need to do is get as many users as possible to take a look at the chain on day one. And then from there, it's just about how well our actual product perform in the long run.
So I actually think it's, you know, think that more of a marketing move. And in that case, you want as many participants as possible with high quality. And I think so. That's why I'm not too concerned about in the short term.
I think it's all about long run product value.
Definitely. It's all about the long term value and also like the visions. Okay, so what role does the native yielding assets play in your political designs? And do you think these models and all the other infrastructures will pivot to after seeing the success of BLAST?
Who would like to go first? Sacks?
I think we already said.
I'm just quick. What can I say? I'm just there with the button straight away.
I'm as fast.
From this, I'm not going to make that the exchange.
That's what Sam said.
Yeah, so we use the native yield, like, obviously, as part of our margin account. So it gives our users a better better experience in general. They're having a more capital efficient experience and any other decks and URLs.
So that's kind of how we use it. In terms of do I think other places will copy it?
I don't know. I think it's I don't know. I think they probably think they need to differentiate differently.
But yeah, I don't I don't I mean, they could I just don't really see how much of a difference it would make because we've already done it.
Yeah, then put some money back. Oh, it sucks.
Yeah, so I think we're doing something a little interesting. So for context on our like on our app, anyone can kind of long and short hashtags.
We have our native hashtag, then plus other ones like other pop culture references, right? You could do a hashtag blast. You could do a hashtag, whatever you want to do.
But so we're leveraging our yield to kind of be by pressure for all these hashtags and then distributing those hashtags pro rata to the to everyone who earned who earned it.
So effectively pumping everyone's bags and helping everyone makes them well.
Collective world generations, basically.
Loris.
Yes, I'm on tonight.
I'm just like, you know, it's a well, could I say I think everybody has said everything that they wanted to say in terms of like why the point of blast is like a cool thing.
All I know is that there is a bunch of like L1 and L2 founders are extremely scared of what's going to be happening in a few weeks when it comes like all the tension gravity the blast is going to get.
Yeah.
I think all the people that all the projects, all of us, the people who are positioning themselves to be very blast focused. I think we're absolutely making the right move here.
And it's well, I think it's going to be the biggest thing over the next six or so months.
And it's I'm really happy to see that there is so many amazing products, projects being launched on blast across every single category.
Be it like particle, which is margin trading, be it like a bunch of like facts, which is an amazingly original idea.
And I think we're all going to have an amazing time.
And ultimately, our users and the teams are all going to make a lot of money.
That's right.
Exactly.
So we're here for some fun, some good time and some money. Okay.
Funds and speculation.
Oh, hell yeah. I need to know that now.
It's not a banter.
DDX, would you like to go last day?
Right.
So the question is whether or not we have this native yield narrative in our product design, right?
Yeah, how would you integrate a native yield?
How does it affect your product design?
Yeah, so it's pretty easy.
So we are our liquidity model prep DAX.
So if you are a trader, you will receive the native yield through your open position.
And if you are an LP, you will definitely receive the native yield in your LP deposit.
So there will be auto accrued to your arrest without the need to claim it.
So yeah, we definitely will have the native yield narrative.
Cool, cool, cool.
Now we've touched upon the blast mini-launch, which is going to happen in about a week, 1.5 weeks-ish.
Would you anticipate to happen on day one of the launch?
So like, guys feel free to use imaginations, speculations, and everything.
Yeah, I saw...
Okay, okay.
Oh, dah, dah, DDX got hands.
I thought you will be...
Both perp DAXs are front running.
I thought everybody on blast will go, like, strive for their launch on day one,
because the volume, the attention on day one will be the biggest.
Yeah, so I think they will be super competitive on day one, yeah.
But for us, we will not launch it on day one, because we're still preparing for our beta test.
So our launch on blast will be later, probably in March, yeah.
Jeff, are you going to be launching on day one?
Yeah, Inshallah.
I think you're close, you're following the one in this time, on a moment.
Yeah, I mean, obviously like...
That's the plan, obviously it depends on...
I think...
So my biggest concern, and I hope the blast team handles it, is that there's like a lot of congestion on the chain,
and obviously if that happens, it's not great for...
You know, it wouldn't be great, so yeah, we'll see.
I mean, we should be ready for mainnet, shouldn't have any issues, but I'm just kind of like...
I want to see for certain that the chain is okay, basically.
But yeah, the plan is to be that day one, yeah.
All the chains, yeah, okay.
That's what I'm saying.
Yeah, basically, is the chain...
Will it be okay?
Are you okay?
I don't know, man, I don't know.
It's been a rough month or so, but yeah, it should be good.
Hey look guys, we're asking questions whether the chain will be okay,
but look, the bear chain, that didn't go that well in the first place, right?
So I think we're in a pretty good position when it comes to blast.
Yeah, yeah, if they're not launched on mainnet, so...
Very good question.
Sorry, Smokey, I probably should have said this, sorry.
Well, let your text have to be in the space, but anyways...
I'm so sorry, I'm so sorry.
Okay, Saks, would you like to go last?
Yeah, I mean, what was the question again?
The blast is launching like very soon.
What do you anticipate will happen on day one of the launch?
Yeah, I mean, look, the reality is there's approximately two bills of TVL
that's looking for a new home, and apparently 3,000 projects that want to be at home.
So I expect it to be somewhat of a land grab day one, which is fine,
just provide the best incentives and be a unique project,
and people will find it at home.
Or the bridge out.
Well, now that projects here, they're going to be like phone running from day zero,
after hearing what you said.
Cool, cool, cool.
Okay, let's go move on to the next questions.
So what's your vision for the blast ecosystem to look like in about six months?
I know DTS, you already said a lot of things about Pac-Man's visions,
and also his ambitions and all that.
Would you like to ask him some more?
Would you say it before?
Oh, yeah.
Sorry, I didn't want to take time on this time.
Ah, it's cool, it's cool, man, it's cool.
I'm getting very limited.
It's okay.
You could just take their users on day one, because they won't be ready.
That's rude, man.
Go ahead, go ahead.
Should I?
Oh, go for it.
All right, so I think it will be very interesting,
because I feel in six months, like six months, it will be in August, right?
I feel probably 50% or 40% of the projects right now,
they probably don't have the commitment to go that long,
because it's a very interesting thing that we're researching.
So we feel we have our internal research on how many projects on blast already,
and there are already over 200 good projects on it.
But we talked to their founders and did a lot of research on the projects,
and it's really interesting that most of them are coming for the blast,
the developer airdrop.
So I feel after six months, when blast already airdrop their token,
I feel some of the projects might just love the ecosystem.
But that will give the opportunity for the long-term builders.
So I think that overall is a good thing,
because probably after six months, the people who want to go, they will stay.
The people who want to farm the token, they farm it.
That's our participation about what will happen in six months.
I hope it will give some of those dev points back to the users.
Also, the user will stay for myself.
Okay, go ahead, Chip.
Yeah, I mean, I guess four or five things,
so I think ETH will be at $100,000 in six-month time.
That's my bull case.
That's the first thing.
Chip, can I help you to your hedge fund?
Of course.
But we don't have to even make more money.
It's just like, hey, it's like $10 million.
So that's the first thing.
Yeah.
Yeah, the $100X token should be out by then.
We'll have a huge, huge FDV, of course.
Then, all right, yeah, go to the side.
I expect there to be sort of lots of really cool derivatives projects,
and actually some more complex derivatives will start to appear as well.
Sort of similar to how Arbitrum behaved, I think,
in terms of their derivative landscape, where it started off simpler,
and then as time went on, more complex options, derivatives,
and sort of more funky things started to appear.
I think that will start to happen, which I'm quite excited for, personally.
Then, I think, along the same line as DTX,
I think in the first few months, we're going to see a lot of grifters show up,
which is fine.
That's just how it is in the end.
In the end, it's about the long-run teams that do well.
So, in trial, that's all good.
But, yeah, I think, in the long run, Blast looks nice.
I think you get loyal users.
With a Blast token, especially, people are going to be more incentivized
to stay there and stick around, especially if you made them so rich in the first place.
So, yeah, I'm quite bullish on what happened in six months.
I think we're at the start of a very nice bull market,
and if you were here for the last one, it should be fun.
Yeah, yeah, it was pretty bullish on here since the last sentence.
Okay, okay.
Loris, Loris, go ahead.
I really don't have anything else to say.
Loris has been pretty bullish.
I think we're all going to have a great time when the Blast main starts.
I think our users are going to have a great time,
and I wish that every single person on the space,
every single team, every single company,
we won the big Blast competition or a specific category,
so we can give away a lot of fucking user incentives.
We're all going to have a great time.
That's my wish for tonight.
I'm going to go to bed, and that's what I wish for.
Every single person on the space who's like a protocol like CMO,
protocol lead, or whatever.
I really don't care.
I think I'll hope that we win with Blast
so that we can offer a lot of value to our users.
One of you wanted to buy a house.
One of you wanted to make the users have fun,
which is a perfect combination.
Hopefully, like all of us,
for sure, a lot is going to buy a house at the end of like six months.
No, the end of this to this phase, unfortunately.
Saks, go ahead.
I just want my users to all have a house.
Me too.
Yes.
How do I become a user?
Yeah, sure.
We can all live in one big commune.
House style.
Yes.
It's going to be the house chain.
Okay.
Yeah, Saks, what's your vision for the ecosystem besides all the users having fun?
Yeah, I mean, I do agree that I'm sure half the projects right now
are just like random, like friends to devs trying to run.
But that's fine.
What the hell?
Am I wrong?
There's a bit, like, there's a better art.
Oh, my God.
You can just sort of telegraph open network.
They have like a $600 million.
Like, you can go for some fun.
I think it's a better play there.
I'm sure they're forking the same project on all the chains.
But yeah, I think that's why.
I think the number of projects go down, which is fine.
So there'll be, like, less noise.
But I think that ends up just making a better user experience for everyone.
And I think that, like, I do think that, like, because of that and everything,
the one us on the call for building real projects will make it more noticeable
for everyone.
And there are people in the eco.
And we're building fun things.
And I think we pressure also beyond this blast, we're pressuring other L2s to one
launch.
But two also to, like, provide a better community incentives and ecosystem.
And yeah, Rising Tides lift all ships.
Cool, cool.
I do actually have a specific question for you, Saks.
And so, blast is actually one of the few chain ecosystems that has a focus
on Shopify products.
So, Shopify project yourself on where do you see this vertical of the ecosystem
go on blast?
Yeah, I think it's interesting because I think also no one really understands
what Shopify is just because everyone's like, oh, yeah, Shopify must be a
front-tech fork, which isn't entirely untrue.
But I think it's fine.
But I think the reality is that that ecosystem grows bigger.
People are, like, playing, I hope that people create more unique apps and
structures in that where it becomes somewhat legit and not just like Web3
gaming.
Do you have any gaming projects here?
Hopefully not.
Okay.
My parallel bag is doing well.
Oh, man.
That's not the...
Bro, I love parallel.
Parallel is a good time.
Great text.
I'm doing nicely.
I'm doing nicely there.
I can't wait.
I love parallel.
Oh, man.
All of our bags going to the moon, finger crossed.
Okay.
So we're pushing the end of the space.
So the last question for all of you is going to be, are there any other
interesting things or projects that you've encountered during your, like,
building process on top of blast?
And AKA, who should we invite for the next space?
I would say Saks.
All right.
Yeah, Saks.
Any reasons?
Because of this Twitter space?
Because you guys are treating Twitter hashtags, right?
So I think they're pretty new.
I didn't see any projects that does that before.
I appreciate the love.
I hope that one day the DTX hashtag will be a really expensive hashtag.
Yeah.
If you want to offer your users liquidity from day one, you could do it.
I mean, you could do a free token.
That's why you chose the 100X hashtag.
That's why you chose the 100X hashtag.
The 100X hashtag just, like, it does well without us.
So we're good.
I just, yeah, because we, like, DTX, we previously, we want to go to base.
So we kind of did a marketing campaign on FriendTech.
We spent 200 Ethereum to make sure our name is on top of the three global users of FriendTech.
That's how we acquired.
Can you give me 200 each?
And it's a very effective, like, everybody in the base ecosystem knows.
So if sex becomes a FriendTech on blast, we will deposit 200 ETH too.
Not if, when?
When? Not if, when?
If you want, you could just send it to the multisig.
It's a 1 of 10 multisig.
That's a blast classic, right?
Well, that gives me blast airdrop too.
Yeah, just send me 200 ETH, I'll send you back 300.
Let's talk in telegram then.
You can join our pre-sale.
I'll give you tokens.
200 ETH for the pre-sale? That's fucking expensive, man, Lawrence.
I'll give you tokens.
Ooh, that's a lot of tokens.
Mm-hmm.
Okay, okay.
Lawrence, do you want to go next?
No, not really.
I've said everything I've wanted to say.
You don't want to name any projects on blast, if I'm interested.
Not any more here.
No, I'm really excited about the thruster team.
Obviously, it was said about sex.
I'm also excited about things like single swap coming to blast, right?
So, Owen is a good friend of ours.
It's really exciting to see projects moving from
Ethereum mainnet towards an L2.
I think what we're going to see over the next year is L2 season.
We had an L1 season for quite some time.
Unfortunately, a lot of those L1s haven't even launched yet.
I think it's definitely L2 season,
especially as the markets are picking up transaction fees,
slash gas fees are becoming even more egregiously expensive.
I think it's going to be an extremely fun time
for people deploying to really cool L2s.
I'm excited about a lot of the later stage projects,
even like ambient finance, coming to blast
and taking all of their users and all of that liquidity
and pushing it into this new ecosystem.
I don't know if I've heard that from the ecosystem, Jay,
but I don't know what you're saying.
But, yes, some of them believe that.
Yeah, some of those are just said,
and Saks, do you want to go next?
Not particularly.
I mean, but I don't know.
What's the question again? I'm sorry.
Oh, good. Oh, good.
Are there any other interesting things
or projects you've encountered
while you're building on top of blast?
Or you're like, you're still observing,
which is also fun.
I'm still observing.
According to another protocol,
I think we're the coolest project on blast,
not mentioning names.
But no, I think overall, though, it's very interesting.
I think the part that really excites me
is that people seem hungry again.
I think for a couple of years, people are like,
okay, let's either do the same shit, run it back.
But now it's just people want to be innovative
and create new fun games for everyone.
Otherwise, this one might have fun
and make fun sounds like that, Rich.
Jeff, it's fun to go again.
Hey.
Yeah, I'm just super excited,
genuine teams building again, as Sam said.
I think we've had a while of this stagnation.
I think everyone's getting excited again,
getting into building properly and the flow of it.
I'm really excited, any team that is here
to actually build and not just here as a grift.
With 100X, we'll have pre-launch future
so we can play that game anyway, speculatively,
so no problem.
But yeah, I'm super excited to just play around
new derivatives and see what appears in the market.
I'm just super excited, everyone,
to highlight some of my mates.
Let's go with Perennial, Brahma,
Derablast, who else?
Who else does your ads that I know?
Yeah, and I'm going to go with those.
Sorry, I probably forgot a few.
Also, super, super bullish Roblox as well.
But yeah, catch you, hasn't it?
Yeah, a grift is going to grift,
build is going to build.
I'm super excited for the launch on Glass.
I'm sorry, I'm like a personal pet peeve.
Have you ever guys been in a hotel room
and you couldn't find a fork?
Because I like this bowl of rice
and I can't find a fork,
and it's the only thing I have to eat,
and I'm really hungry.
You just got to use your hands, man.
Just use your hands.
Just scoop it.
Just scoop it with your hand.
Listen, you have three fingers, that's a fork.
That's a fork, just use that fork.
There you go.
That's true.
You might have to ask a dev to fork something for you.
That is true.
Okay, okay.
Well, Laureas is finding his fork
and we're approaching the end of the outer space.
We have, let's say, five seconds
for any users that want to ask any questions.
For the protocols, you can raise your hands.
I'm going to count from five to one.
Even though I raised it to their hands,
this is going to be the end of the Twitter space.
Okay, five, four, three, two, one.
Okay, I think everyone goes with the questions.
If you have anything you want to ask about protocols,
you can feel free to start into the DMs and everything.
So, okay, cool.
Thanks, everyone, for coming to this Twitter space.
Sorry about all of the confusion over which link to use
for the Twitter space,
because we had some issues over there,
but I'm glad all of you guys made it
and stayed till the end.
And thanks for all of our guests,
all of our lovely guests,
including the ones that I can't find the fork,
to be joining here.
And I hope you'll have a lovely day or evening.
And very excited for the blast to launch.
Hope you are as well.
Of course.
Thank you for having us, Pat.
It was great.
Look forward to more.
Look forward to more.
Bye-bye, guys.
Thanks, guys.
Bye-bye.
Ciao.
Have a good day.
Bye-bye.
