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FREGO is BACK?
Recorded: June 10, 2025 Duration: 0:36:18Space Recording
Short Summary
Frego is gearing up for a significant partnership aimed at monetizing AI safety, reflecting a trend in the crypto space towards establishing real utility and revenue streams. As the project navigates a slowdown in development, it emphasizes the importance of strategic collaborations to ensure long-term growth and sustainability.
Full Transcription
Thank you. so
guys
it's been a while
afternoon wherever you are. I'm gonna, this will be a relatively, I think, short space. The goal is just to kind of get everyone up to speed, just to say hi.
So if you are listening in on a recording, you should join in about, or sorry, you should skip to about, let's say, two minutes from now.
At which point I'll actually start talking.
And then in the meantime, I'll just wait and let the room fill up. E aĆ Thank you. Oh, no, that was terrible.
no that was terrible
uh we haven't played music in so long we've like like just totally forgotten how to do it properly
um you'll hear it in the recording dude it'll it just sounded terrible there um
all right let's uh let's get into it.
Because it's been a while since I've actually done a space on Twitter.
And I think the pace of developments from Frego has also slowed quite a bit since our heyday back in early or late last year and early this year
and I thought it'd be good just to run a short space to kind of catch up with the community
and kind of share what we've been up to what our plans for the future are and also like what the thought process has been beside uh what the thought
process has been behind some of our uh i guess strategic planning so you know firstly for those
of you who maybe don't know what frego is uh we are you know first and foremost a ai safety project. So our goal is to make AI safer. That's my fucking alarm.
It's to make AI safer, which is like a very kind of wide, like broad, I think, mission statement.
And a lot of actually our work in the past almost six months now has been to try and narrow down this mission
statement and do you know more concrete and actionable um you know like action
items for lack of a better word and one of our key realizations especially I'd
say like early this year us like sometime I think in January or February was that,
you know, Frego obviously was having a positive impact. You know, we had and still have a very
strong community who truly believe in, you know, what we're trying to do. But it's, what it basically came down to is, you know,
your project and your vision and, like, even your product,
which was the AI agent launcher, you know,
it won't have longevity unless it has, like, true utility and, like, true users and true revenue.
And so, you know, this was back in February when we kind of really realized that this was, like, going to be a big issue going forward.
You know, long before people, you know, began trying to rate
hyperliquid on revenue and stuff like that. And so we realized that we need to build
something truly useful and unique with actual users and customers that would bring in actual revenue if we ever wanted, you know, for Frego
to last past like 2025, right?
Because like what you've seen and what we kind of, I guess, knew would happen at some
level with, you know, most AI projects is that once the hype died down and the money left the space,
most projects, their charts haven't looked quite great,
ours included, even projects with larger dev teams,
larger visions, larger communities.
When they don't have a product
that real enterprise customers are using,
they're on a clock.
And at some point they'll die
and all that work will be for nothing.
And we really did not want that to happen to Frego.
And then on the flip side, as I'm sure most people here kind of understand, in Web3, price
and attention, they're all kind of the same thing in a way.
And the way that projects kind of keep this attention up, especially
ones that are on a lower budget or smaller, is by generating hype and vaporware, basically,
long enough to actually dump on people trying to buy. Right. And this leads, I think, to
an expectation for many folks that, you know, if an AI project is for real or actually, you know, here to build, then they are putting stuff on their socials and putting out updates, you know, every day or like twice a week or weekly or whatever.
Because if they're not, then it's a rug and they aren't doing anything. Which
is kind of unfair to real builders because real builders can't make the future of finance
in two weeks. They can't even make it in six months unless you're Jeff. And actually we'll
get into the whole hyperliquid thing in a bit.
But it's tough to build something interesting and useful in a short period of time.
And so that's part of the reason why we've kind of not been as active the past couple
of months is because we basically had nothing new to like really talk about.
Uh people were kind of expecting us to you know like push out some some crazy new features but
the like reality was that it just wasn't possible and anything that we would put out in that time
period would just be kind of useless vapor meant to please people who don't even know,
you know, like what we're really trying to build.
And yeah, that's kind of the, like our, I guess, mentality that we've had for the past couple months. And I think in part, we've actually been kinda,
what's the word, it's not justified.
But like in a way we were right in that, you know,
if a project wants to have longevity,
it needs to have actual like revenue and buybacks and stuff.
Cause now like you're seeing like with
like hype for example you know people like a love the product it's a you know awesome useful product
but b uh the token has actual value accrual which is obviously showing in both attention and price
is obviously showing in both attention and price.
And so, it'd be very nice to get Frego
to a point like that as well.
We would like to somehow monetize the idea
of making AI safer, but somehow capture value
while doing that in the process and possibly even route that back to the token itself.
Though that is kind of pending the regulatory, you know, side of things because we don't want to, you know, have any issues with the SEC and stuff like that.
issues with the SEC and stuff like that. But, you know, if things keep going the way they are
right now on that side of things, then I think it'd be totally, you know, cool and possible
to actually start doing that with Frego as well. And the way we'd be creating this value would be
through a very key partnership that
we've been building towards the past couple of months, which I can't share more about right now.
Hey, can I interject?
Uh-oh, sorry. I didn't see you there.
Yeah, you're good. So like I was in one of your first spaces when this coin started i've
kind of been loosely following your ex right and as you said you know you haven't really had things
to talk about like so you know there hasn't been any updates whereas other teams will just post
like nonsense right um but given that your chart has dropped like so much right it'd be cool to
know like kind of what some of the stuff you guys have been iterating on and building aside from
you know the partnership uh because when i first talked to you guys, you were very competent,
right? And you're still here, which is pretty crazy. So despite the chart falling, you know,
to what it did for you to still be here, like I think says something in and of itself, right?
So yeah, I'm just curious kind of what you guys have been working on, what you can share about
the partnership in terms of like the upside to the extent you can speak about it and kind of how the partnership uh came to be and then you know for
anyone who's joining i basically dm'd them yesterday or two days ago because i was just checking on
stuff i own and i don't sell anything and i noticed they were still active and stuff so i was just
curious like what was going on because it didn't really make sense that there was their chart looked like it did um if they you know still existed yeah well so you know in in large part that the chart looks like it does
because again we haven't been out you know on x posting some slop um as far as what we can share
this is part of why we've been so silent because I literally can't share anything with you right now, besides the fact that we have a very concrete framework that we want to integrate with that already has concrete customers planned.
And, you know, we want to basically leverage that to make AI safer while also providing value for those end customers.
And that's basically all I can share on that end right now,
which I know is probably somewhat disappointing for some of you on the space,
which I get it.
But the reason why we're doing it like this is, you know,
A, we don't want to create hype
right now, you know, like create expectations now, and then have people just sitting for
like a month or two, you know, wondering where this thing that, you know, we promised or
talked about is.
And secondly, you know, from our perspective, we don't care.
We truly don't care how the chart looks.
Because if we're able to accomplish our goal of actually creating revenue and value accrual in the token,
it won't matter what it looks right now.
It won't matter what it looks in a month.
Because once actual flows start
coming in, then it'll just fix itself, basically.
And this is the kind of like, this is what crypto projects really should be doing.
Like, holders shouldn't be sitting there and wondering what the next catalyst is.
They should be able to go and see like, oh, hey,
they have this useful product.
This product works.
It has this revenue.
And this and that amount of this revenue
is coming in and being used to buy back the token, for example.
That's why you have people like, again, on Hyperleafruit, right?
People who are comfortable holding that token
to God knows what price because they know that the team has a
history of, you know, not rugging, they actually stick around, they actually build stuff. And
when they actually succeed, you know, a piece of that reward and that revenue actually comes back
to the token. And again, like a curious value instead of just going out and being being
extracted somewhere
so that's the uh that's the long and short of it um we're gonna be doing a few more spaces like this
in the coming months especially when, especially when we actually publicly
announce this partnership and actually explain what we plan to do with this partner.
I think once we actually explain who exactly this partner is and what they're building and
how we slot into it, I think folks will get very excited about it.
I know we are super excited about where this can go.
From our perspective, this is kind of a very logical way
to financialize and monetize AI safety,
which I said that very, very slowly, kind of,
so that people kind of understood what to think about
when I'm talking about this partnership.
Again, we're trying to financialize and monetize AI safety.
So you go think about what that could mean,
and then when we actually go public
with what we're building,
I guess you'll have a chance to see how close your guest was to reality.
Gotcha. Yeah, okay, cool. I mean, it's going to be definitely a slow cook. You're just going to have to be patient, I guess.
But it feels like, I don't know, to me, it felt like it was a decent bet since you guys are still active.
Like, you don't really see teams that you know still exist um
in situations like that so you know i'll be hanging around and joining the space and see where it goes
yeah definitely appreciate that um and i yeah definitely was great to see you reach out because
you know a lot of a lot of folks in the space a lot of kols are very happy to kind of just, you know, buy a bag and dump it or just don't stick around or try and, you know, help projects kind of turn around where it's possible.
But, you know, not everyone is like that, obviously.
So it's definitely nice to have you here on board as well.
be here on board as well.
Yeah, I mean, this kind of goes back again,
just to reiterate on the whole point about
why are we still here if the chart's like this.
One of the big, I think, points of,
I guess pain points that we had earlier this year and late last year was that we kind of felt
almost obligated to, you know, push out features, have cool announcements, talk about cool things
at the pace that people, I guess, holders expected from us. Obviously, you know, we weren't the only people
that were driving the attention onto the Frego token.
Our community was doing lots of really crazy stuff
with, like, memes and stuff,
and it was, like, super cool to see people just, like,
doing totally organic outreach on their own
to try and, you know, get the word out there, like, about Frego.
to try and get the word out there about Frego.
But a lot of the other work,
especially on the biz dev side, the tech side,
like branding, that was all on us happening out of pocket.
And it was tough because we often found ourselves compromising on quality and vision just to get stuff out quicker.
Which was really unfortunate because it didn't give us time to really, I guess, marinate on the vision and actually, you know, build stuff that would last long term.
And a lot of other projects that did similar things,
but I guess to a much more absurd extent, right? Like githubs of stuff that didn't really work and
trying to like tokenize an AI agent framework. I won't name any names. Now they're kind of suffering for it because the projects, I guess market cap,
doesn't really justify the lack of useful features
or value that is actually associated with that token.
And so, you know, back to us, right?
We kind of fell for the same thing
or fell on the same rake, just at a smaller scale.
And kind of trying to reverse that takes effort and time.
And I guess the lucky thing for us, if you want to put it that way,
is that the project is very, very small compared to others.
So trying to build, you know build interesting, valuable, useful things
that would justify our current valuation
or our all time high or something beyond that
is much easier for us
because the bar is set kind of lower in a way.
It's also very important to note that, you know,
I am talking, I think, very, I guess,
bullishly about the token.
But this should not be interpreted as me saying,
you know, you should go out and buy it.
You don't have to buy the token to participate in Frego.
It's always been kind of one of my,
has been kind of one of my mantras since day one.
We have lots of folks in the TG.
We just hung out just to kind of hang out.
They didn't have like any Frego at all.
And we would have to have them.
And the same thing applies here.
Obviously the AI safety side of things isn't going away.
You know, our more activist kind of mindset is still here.
And to participate and help in that, you don't need to hold or use Frego at all.
When the actual product side comes out, we do hope and we would really like,
and I think we will actually give utility to the Frego token so that if you want to use the thing that we're building, you got
to hold some Frego or you'll get a discount for using Frego as opposed to stables, for Um, yeah, I, it's, it's a bit frustrating because I would like to kind of go a bit more
in depth into what we're building, but I literally can't share it right now.
I'll get yelled at if I do.
So I'm just kind of stuck edging you guys basically.
But I, I hope to be able to share more concrete details
about what we're, it's gonna be building
in the next few months and to actually push out
the like manifestation of this, the actual product,
the like actual tool sometime by the end of this year,
which is quite a long time in crypto terms um
a lot of folks on ct might not even be around by then potentially um but that's kind of again
the reality of building something useful that has actual staying power uh it just takes time
It just takes time.
So, yeah, that's the reality.
We are going to still try and stay more active on the Frego account going forward,
just kind of talking about AI safety, maybe posting some updates.
But, you know, I wouldn't expect some immediate product releases or updates in the next few weeks or stuff like that just because we're getting active right now.
This is, as some other folks have put it, it's more of a slow cook than some crazy, like i guess pump and dump nonsense basically
uh but we think it'll be worth it um and yeah we really do like the idea of frego we do want
to stick around we don't want to ditch it obviously we haven't ditched it even though
it would have been really the easiest thing to do um but it just sits better for us to you know actually go and try and build
something with you know like actual staying power and be able to say hey you know unlike 95 of other
ai crypto teams in the space we actually stuck around and built something um which I think would be a very cool
feeling to have.
Shout out to
the folks at FXM, by the way.
I'm not sure they're actually in the call right now.
you guys are the best.
Yeah, I don't see them.
Anthony and Heathen.
We actually met up with them
on ETH Dender.
Very cool guys.
They're actually building an app for their network of agents.
They're calling it, I think, Mirai or something with the action engine.
It's super cool.
And they are, I think, a really good example and role model for how teams in this space
should behave.
Because, you know, like with Frego, their chart has seen better days, but they're still
building, they're still trying to do stuff.
I will admit they were a little better about, or they have been better about keeping the
socials active and keeping
you know the product updates rolling um but unfortunately you know like for for us and get
i mean given the nature of what we're trying to build it's harder to maintain that pace um
for us than it you know has been for them and once we actually push out the product and kind of go public with what we're building,
we hope to get closer to their pace
and quality and quantity of socials posting,
which again, hopefully will be kind of all happening
by the end of this year.
For those of us who just joined,
because actually the room got quite a bit bigger
since I began talking earlier.
Firstly, the space is gonna be recorded.
And actually I get right into the meat of the topic
at the very start of the space.
So if you don't wanna stick around right now,
I don't have time, I'm gonna notice in the middle of can just, you know, drop off and listen to it later.
But for those of you who want to stick around, you know, basically this is kind of the, the
welcome back tour for Frege, so to speak.
We were, you know, building, I mean, we were the first project, I think really are still the only project that's trying to make AI safer, um, using Web3.
Uh, we were, I think, God, um, damn.
So it's been like, like, like, uh, over a year actually since we wrote that first white paper talking about trying to,
you know, or like how we would make AI safer using Web3.
God, what is it called?
Now you're going to have to help me out here.
It's been a long time since I've read that paper.
Jeez. Anyways, it's on our site, that paper. Geez.
Anyways, it's on our site, frego.ai.
We actually have that paper and then a follow-up paper that actually demonstrates the ideas
in the first paper in action.
Kind of like a, almost like a lab report.
If I want to put it that way um yeah so we've been around for a while
over a year went public with frego token back in october i believe um and we've been referred to
by some of the space as the i guess like web3 ai ogs which was uh funny to me to hear that
which was funny to me to hear that, but I guess it's true.
Yeah, the chart has seen better days,
but we are still around and building despite that.
The big reason why we're kind of getting more active right now
is because we are sort of in the home stretch of sorts of actually of going public with the key partnership
with a secret partner to do super cool things
that make AI safer.
But more importantly, actually let us monetize
and financialize AI safety in a way that will let us create
revenue and hopefully actually accure value in the Frego token itself, which is one of
the main reasons why we're so almost nonchalant about the token price in the chart, because we believe that if we succeed
in building out this partnership and this product,
then sentiment on Frego really won't matter anymore,
because the flows will just take over from there
and kinda sort everything else out, like automatically.
As far as details go on the partnership,
I know I said it's like three times now,
but there are no details right now.
We will share more in the next few months
when we go public with it.
But we don't wanna kinda get anyone's hopes up now
before we're ready to actually talk about it,
just to keep expectations in line
and to avoid any kind of unsustainable,
I guess, like hype trains and stuff like that, like the ones that we had earlier this year.
Which, you know, it was fun, right, seeing the token go up and people get hyped about AI safety.
But long term, that approach is just not sustainable.
And so that's kind of our mindset going forward,
which hopefully will actually give, you know,
real, I guess, benefits and results and all that.
I've been yapping for a while.
And honestly, it's been a while
since I've done a space like this.
So I'm getting pretty pretty pretty tired so before I start rambling
and saying total nonsense I guess you know if we have any questions from any
of both of the folks in the space I'd be happy to answer them now.
And then if not, I think I'll go ahead and hop off because yeah, my tongue's already turning to mush
and I'm just, I guess,
not as good at running spaces as I used to be.
I guess I'm just like out of practice.
like out of practice. Hold on, I gotta like navigate through the XUI and stuff. It's,
oh man, it really has been a while. All right. Yeah. Seems like largely no questions in the chat or anything, which is fine because I gave, you know, I guess some good info, but also some vaguely vague info as well, I guess.
So, you know, I guess not a lot to go off of besides like personal questions of like how we've been, which, you know, we've been great.
It's summertime and stuff.
So it's not quite the winter arc, you know, grind season that we that we had going on
back in December with Frego, which was crazy because we were just like inside like all day in our offices just like like on like telegram and
like like building shit it was crazy um it's much more it's it's it's a much better pace now um Okay.
A bunch of new followers coming in.
That's cool.
Oh, yeah.
Okay, two things.
First of all, docs.frego.ai.
Check it out.
It's on our website as well.
There's some good stuff they're talking about. Our AI safety, I guess, project.
What is actually Frego?
What does it stand for?
Why does it exist?
And then also, very important is to follow me
at a underscore on TG on Twitter.
Because I will be there, I'll be posting some cool stuff
that may or may not hint at our next
at our next steps um so if you like to read cryptic tweets or try and figure
out what I mean when I say something um then you can go and follow me as well
um yeah I can't I can't pin it on the space Nara
the docs.breaker.ai
I don't know how to do it anymore
you have to like share the space
on the top of your tweet
oh my god
um I think it's got to be you, Nara,
because you're on the Frego account right now.
Yeah, I guess it's fine.
It doesn't work.
It's all right.
Oh, yeah, this is actually the first time Nara artist ever talked on a space i think so yay yeah you get to enjoy a shitty mic yeah i know i'm not sure i'm not sure mine's
any any better either uh but yeah actually this is also proof that it wasn't just me on the on
the fucking project the whole time there actually actually was someone else helping out as well.
So that's kind of funny.
Six months later,
Frego is actually a two-man team.
And on that bombshell,
I think we're in a good spot to close it out.
Yeah, I'm going to, again, when we actually have more news to share, I am going to do a follow-up space following that post as well.
And you should definitely join that space.
Because in that space, I'm going to go really deep into why what we're doing is probably the coolest thing ever and the only thing worth
paying attention to um at the intersection of web 3 and ai but in the meantime i guess sit tight um
hang out on the telegram we have a i think a memes channel somewhere with some old fregoid memes and
stuff like that um you know go hang out there chat spam some stickers um there's a guy on there who got a
frigo tattoo i believe on his arm i begin to go find him maybe say say say hi and uh thank him
for his service um definitely that's also a fun thing to do uh Minky. It's been a while since I've seen Minky.
Hopefully he pops out
out of the woodwork soon as well.
Hi, Heathen. I already
called out FXN.
They know that you guys are OG builders,
et cetera, et cetera.
And I told
them to go and check out
your app
and action engine and stuff. i think it's it's at join fxn
on twitter is where you can find their page i believe yes at join fxn uh they're pretty cool
guys check them out as well um and yeah on that note uh all you take care uh enjoy the rest of your week
and uh i hope to share some very exciting stuff with you guys very very soon all right take care Thank you.
