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From Fiat to Web3: How Coinbase Onramp Powers Universal Apps
Recorded: May 30, 2025 Duration: 0:47:18Space Recording
Short Summary
Zeta Chain and Coinbase are revolutionizing the crypto landscape with new integrations and user-friendly solutions, including the launch of the CDP Wallet API and a collaborative Learn and Earn program, aimed at enhancing accessibility and driving growth in the Web3 space.
Full Transcription
Hey, welcome everyone.
Let me get some music on in the waiting room. E aĆ Oh Thank you. All right, I think we're, we got two out of three speakers. We're just waiting on Alex
Kim. And then we can jump into it. Hey, Charles, nice to meet you.
Hey, great to meet you. Hey, great to meet you.
We got Mariano from Pitch Lucy and Alex.
Hey there.
Hi, how are you?
How are you guys doing?
Charles, nice to see you.
Nice to see you. Cool. Yeah, we to see you. Nice to see you.
Cool.
Yeah, we could jump in.
So this is Jonathan Covey speaking from the Zeta handle.
I'm a core contributor at Zeta Chain and excited to host a chat about how Zeta Chain and Coinbase is making it easier for people to join crypto and navigate web3 and make the overall ux better uh joined by some great guests today we have charles star
on the business development team at coinbase alex, ecosystem contributor at Zeta Chain, and then Mariano, developer
and founder of Pitch Lucy, cross-chain AI agent on Zeta Chain.
We can go around and do some quick intros and maybe tell us something that is something
exciting that you're working on this week or in general.
Charles, you want to kick us off?
Yeah. Hey, everybody. It's great to be on the spaces. I'm Charles. I work on the business development team at Coinbase, covering all Coinbase developer platform products.
So that includes Coinbase OnRamp. But I think what's been most exciting this week is the announcement of our CDP Wallet API product, which is another offering from Coinbase Developer Platform.
Awesome. Well done. Mariano, go for it.
Hey, hey, hey, everyone. Thanks, everyone, for joining.
I'm very happy to be speaking to all of you.
So my name is Mariano.
I'm the founder and leader of Pitch Lucy AI,
an adversarial agent game hub that allows you to connect
with different AI agents trying to pitch different strategies
in order to break them.
One of them is called Lucy that allows you to pitch
your own meme coin to her.
And if you manage to convince her, she'll actually go ahead and buy your meme coin or
whatever token you picture and yeah very excited to connect with all of you
Congrats on the launch Alex Kim hi everyone ecosystem lead here at Zeta
chain great to be here thank you short and sweet um so yeah the
the first we'll have like two parts to the discussion here the first is around onboarding
and going from fiat into the crypto world and then we'll talk about how do you navigate web3 and all
the chains and apps out there and and and the cross chain complexity. So yeah,
starting with onboarding and I'll, I'll turn it over to you, Charles,
how is Coinbase making onboarding easier?
What is the role of Coinbase on ramp in that and maybe catch us up on that
product?
Yeah, definitely.
So Coinbase on ramp is all about making it as
simple as possible for normies or existing crypto users to purchase various tokens using fiat. So
to that end, we're leveraging the infrastructure of the world's most trusted exchange,
We're leveraging the infrastructure of the world's most trusted exchange, our existing banking relationships, and we're bringing that to devs so they can, on their own UI, allow their users to quickly fund their accounts.
That's all what it's about at the end of the day, getting accounts funded as quickly as possible.
possible. So I know across the Zeta chain ecosystem, we've been integrated on a few different apps,
including the Zeta Hub, Pitch Lucy, the Beam Dex, Burnt Game, Random Meme, etc.
And we're really excited about that. And yeah, more broadly, any dev that integrates Coinbase
on Ramps widget allows their users to access over 270 tokens that are supported on Coinbase OnRamp's widget allows their users to access over 270 tokens that are supported on
Coinbase Exchange across 50 different networks. So it's a big UX unlock. And I just want to zero
in really on the two checkout flows, which is so critical to how the onboarding is improved
with Coinbase OnRamp. So in the US, you actually don't need a Coinbase
account to purchase crypto through Coinbase OnRamp. You just need a complete SMS verification.
And for up to $500 a week, you can use Apple Pay, you can use a debit card, and you can purchase
any supported asset on Coinbase Exchange. So it makes it super easy for a dev that has an app
catering to normies,
someone who may not even have a cryptocurrency exchange account in the first place or
purchased crypto in the past. So it makes that process, uh, less than 20 seconds. Whereas
in the past they would have to go to an exchange, go through ID verification, et cetera.
And it just becomes, uh, pretty lengthy. And that can be a blocker as far as onboarding new users.
So guest checkout flow is something we're really excited about.
And then on the other hand, we have the ability to check out through Coinbase OnRamp using a Coinbase Exchange account.
So this basically lets devs provide three-click access to over 100 million existing Coinbase exchange
accounts and wallets, whereas they're able to access either existing crypto balances,
save payment methods, et cetera, to fund their account on an app using Coinbase on-ramp. So
from the devs POV, you allow normies to quickly buy over 270 tokens.
And on the other hand, you also get the easy UX enhancement of unlocking CB account balances for quick access for those who are using your app and may have purchased crypto before.
So overall, just making it really quickly, really easy rather, for devs to have their users fund their accounts initially.
Nice. I didn't know about the SMS onboarding too. That's cool.
And I think you touched on this a little bit.
Like one of the differentiators is obviously the global trust and reach of Coinbase. I'm curious, any other competitive advantages you would call out
in the product when you think about there are a lot of on-ramp solutions out there,
people trying to tackle this problem? Anything else you would call out that differentiates
on-ramp? Yeah, definitely. So maybe kind of double clicking on the infrastructure of the exchange, we definitely have the trust factor there.
And in addition to just having over 270 assets supported, we have really extensive multi-chain support, which you won't find on a lot of other on-ramps.
So for example, USDC, we have support on 14 different chains, which compared to other on-ramps is far more extensive
as i mentioned i think there's over 50 native blockchain tokens so that includes zeta
sol avax bear dot doge bitcoin obviously so plenty of plenty on that front and then
as far as the evms go we have eth ETH on Ethereum, Arbitrum, Base, Optimism, Unichain.
So multi-chain, something worth calling out in a differentiator globally.
And then finally, since Coinbase OnRamp is available to anybody with a Coinbase account, we have bank transfer purchases in key markets abroad. So outside the US, you can use bank
transfers to purchase crypto with CB on ramp in Brazil, Australia, most of the EU, the UK.
And we've also announced, I believe a couple of weeks ago for both these countries,
we're going to be reentering India. And we're going to be entering argentina as well which will then extend the reach of
where coinbase on ramp uh is available for for bank transfer purchases so as coinbase exchange
grows globally coinbase on ramp does too and that's something that will give us will continue
to give us an edge globally very nice cool and speaking of speaking of Argentina, big crypto hub down there. That's where you are, Mariano.
Exactly.
Yeah. Maybe catch us up quickly. Like, what is the crypto ecosystem like in Argentina?
And then give us the TLDR on Pitch Lucy and your experience integrating Coinbase onramp a lot there yeah 100 so yeah once again
uh thanks everyone for being here uh the entire pitch lucy team is almost everyone from argentina
and there is a big hub of innovation happening here lately this could be many reasons why but
primarily argentina has been for a long time a very high inflation country in the world.
So the concept of stable coins and cryptocurrencies was heavily used from the beginning.
to accessing the capital markets of the world and the trading markets.
Like, I believe that DeFi kind of like found a great market fit in the country.
And a lot of people actually, yeah, used DeFi tools that are, of course, like wrappers of like Aave protocols,
but they are familiarized already with like the concept of staking, the concept of like generating yield.
And that's something really good.
But moving along more of like what Pitchloose is
and also what our parent company is building.
Pitchloose, as I was saying, it's an adversarial agent game hub.
So if you have seen Fraysa, you have played these adversarial agent games.
So it's an AI that has a prompt and your objective is to basically break the prompt or overcome it in some way.
And we started working on this idea like a few months ago about, hey, how can we bring Shark Tank into Web3?
Because everyone wants to play Shark Tank.
Because everyone wants to play Shark Tank.
And what we have created, it's a platform that right now allows you to pitch an AI agent your token and convince her to actually invest in it.
And if you manage to convince her, she'll actually do it.
She'll go ahead and do it.
So very exciting.
And over 200,000 users have played ever since we deployed this.
And I want to touch down a little bit on like how important it is to make access easy to our users.
And this is what I correlate with you, Charles, as well.
So you have on Web3, you have two problems, right?
One is having everyone have a wallet and then is loading that that wallet with the first few tokens to pay for the gas.
This is especially difficult if you are deploying games that are on different chains, because now potentially users will have to have gas on all these different chains, and this adds friction, basically.
chains and um this is like uh it adds friction basically so for the first problem we took a
tackle into uh doing some of the smart wallet solutions out there that allow you to create a
wallet with your email account for example and then for the second problem that's where we struck gold
with what coinbase is doing so coinbase integration uh is really, really, really straightforward.
Like it's 15 minutes.
That's about it.
And I think that that has a lot of value to it and allows anyone that plays Pitch Lucy to connect and claim funds and buy tokens to play the game with their credit card or debit card.
And this reduces the friction a lot so
um this has been like really a really powerful move uh adding this feature we have had a few
hundred users that i think have used it uh in some capacity even if it was just like
low amount of funds but still use it and um this will like help on more and more people to Web3,
undoubtedly.
And not only in Pitch Doocy, this is something that we have
integrated, but also in some other dApps, part of our
parent company, UNDR, this has been integrated as well.
And they really bring a lot of value to our users,
especially reducing this friction.
Thanks, Mariano.
Yeah, 15 minutes sounds pretty easy.
And I know in the documentation,
it says just a few lines of code.
So awesome that you've had success.
And yeah, thinking about gamers,
like there's a huge avid population around the world,
a lot of whom have never used crypto.
So that makes Web3 a lot more accessible.
Alex, let's hear your two cents here.
You're working with a lot of app partners
building on Zeta Chain.
You've seen a wave of Coinbase on-ramp integrations.
What do you think about these developments and what this unlocks for devs?
Yeah, absolutely. I think to answer the first part, how we're using on-ramp today, I mean,
we have Zeta Hub and it's pretty much
our one-stop platform where users can do on-chain actions
from sending assets from one chain to another
and even to ZetaChain as well.
And they're able to be part of the ZetaChain
quote-unquote quest platforms through incentivized XP
programs that we have that users can accumulate
different points for, or in some cases,
they can earn instant portions of Zeta
for completing an on-chain task.
It's also just a great loyalty hub as well,
where you can also just explore the ecosystem,
different apps and different offerings as well.
How we're using OnRamp is for user experience
where a user can just onboard
and just get their asset on Zeta Chain through Coinbase onramp here
today. The onramping experience in Web3 in general pretty sucks if you're not using an onramp. You
have to have a centralized exchange account, then you have to send it to a wallet, and then you have
to connect that wallet, and then you have to rely on that retail user or user to just send that asset
from a centralized exchange to an onchain environment, which does create some complexity.
So I think an on-ramp partner does provide a more better UI UX for that.
For devs in the ecosystem, I think it's pretty much the same example.
pretty much the same example, even with our index right now,
like being you can use Coinbase on-ramp to get the Zeta
or other assets directly.
And then you can swap it to other chains if you want it
as well, without having to open a wallet
and manually send it over as well.
Well, thank you.
Yeah, simple solution, but really high impact.
So yeah, thinking about like our collaborations with Coinbase, we've done a bunch
of stuff. Most recently, we were in the learning rewards program, Zeta chain education, like quizzes
and then on-chain stuff with Zeta Hub, actually. So we're excited about driving adoption around OnRamp.
Charles, you mentioned that OnRamp now supports Zeta, the native coin of Zeta Chain.
Curious what you would say makes Zeta Chain an exciting integration partner for OnRamp and Coinbase generally.
Yeah, definitely.
So first off, as you mentioned,
we have support for the Zeta token directly,
and that's actually both on the Ethereum L1,
as well as the Zeta chain network,
whereas we're supporting the token natively.
Zeta was actually a day one listing
on Coinbase exchange as well.
And the launch was back when i worked on
the listings team so i remember working closely with with the zeta chain team on that uh which
is great and i think even outside us having broad support for the zeta token uh the zeta chain
ecosystem is is particularly compelling from from our point of view as far as an opportunity for Coinbase on-ramp because we have
such broad asset support across the networks that Zeta Chain connects. So from base to Bitcoin to
Arbitrum to Solana to Polygon to Ethereum and Avalanche, we have stables on those networks,
we have utility tokens on those networks, we have the native gas tokens of those networks supported
utility tokens on those networks. We have the native gas tokens of those networks supported.
And the ability to purchase tokens on these networks with fiat on universal apps, like let's
say Beam, drastically improves the UX. So I'm able to easily, let's say, buy ETH on Arbitrum and use
a universal app to then swap that for native Bitcoin. So I'd say all in all,
we have support for the Zeta token. We also have broad network support among the networks that
Zeta chain connects. And that's why the integration is so compelling from our point of view.
Cool. Thanks, Charles. Yeah. Day one listing and Coinbase was actually the first exchange to support Zeta. I remember in San Francisco in the boardroom watching that go live.
I want to get more into like now you're onboarded into crypto.
How do you navigate all of these blockchains?
You mentioned Arbitrum, Solana, Bitcoin, of course, the first blockchain and all of these growing DAP ecosystems on these chains.
So, Alex, let me loop you in here.
Let me loop you in here.
Maybe you could break down the multi-chain madness
and some of the key challenges that have arisen for users and developers
with all of these new chains.
And then what's the 101 on data chain and how it simplifies that?
Sure.
So simply put, from a developer perspective,
you have to launch multiple smart contracts for multi-chain deployments.
If you're a DeFi project in particular, for any single multi-chain deployment, you have to source liquidity for each of those multi-chain deployments.
It can take a lot of time and it can get very expensive.
A really good example of this are perptexes.
Perptexes are truly native to just one chain, but as soon as they start to do multi-chain deployments, it doesn't make a lot of sense.
Sure, you have the user base from another chain, but for DeFi-specific projects, users want to go over to the chain that has the most liquidity.
So what always happens at the end of the day is it doesn't matter what multi-chain deployments are or what the multi-chain deployments do for the projects.
At the end of the
day the users will go towards the chain that has the most liquidity and it's just a bunch of waste
of time and efforts from the developers on their part to pursue the strategy the value add for
zeta chain is for all of our apps um beam and some others as well as in particular you only have to
launch your app on zeta chain once so it it's a single state application, meaning that you can only deploy your app once on Zeta Chain.
Everything lives on Zeta Chain,
but a user from Solana, EVM, and even native Bitcoin,
they can connect their wallets and use that app as is,
as if they were just interacting with one singular app.
And all the developer has to do is just source one liquidity pool
or one source of liquidity only on Zeta Chain
for those users as well.
Thanks. liquidity pool or one source liquidity only on zeta chain for those users as well thanks and um maybe talk about bitcoin specifically uh zeta chain supports native bitcoin
users from bitcoin can call these apps like beam on on zeta chain uh why is that like a big deal
how how is it even possible because historically you're a developer
you can't program bitcoin you can't deploy an app on it so how does that work yeah so what zeta
chain does is we're essentially allowing users to deposit and disconnect their native bitcoin
wallets and use bitcoin asset um i'll go more into this in a bit, but just for background,
we've seen in the past this resurgence in Bitcoin Fi.
But a lot of the narratives and a lot of the projects that we're building towards the Bitcoin Fi narrative
was actually just EVM layer twos or sidechains
that were disguised as Bitcoin Fi projects
where the user was just locking up their native Bitcoin
and they were minting out some sort of EVBM version to use it on the EVM chain. To me this brings no value,
it's just a lock-in min function like any other chain and the user experience is a very convoluted
two-step process. So you're not actually doing anything with native Bitcoin. So what Zeta Chain
did is, I mean, what we've always done is we use something called MPCTSS, where we enable a one-click experience.
And so that's a two-step process.
So now when a user connects their Bitcoin wallet, they can deposit their native Bitcoin on the custody address,
and the entire protocol will handle all the smart contract actions and pretty much use that native bitcoin that's been locked in a custody
address in the evm side so what that looks like in practices with beam you can connect your bitcoin
wallet you can connect your solana wallet right now and you can just choose native bitcoin from
bitcoin mainnet and you can choose solana and as soon as you just click swap that's the only thing
the user has to do to swap from native Bitcoin to even Solana in this example.
We also have BitSmiley who enabled a one-click CDP stablecoin minting using native Bitcoin, which is unheard of to this day, I believe, where a user can just deposit their native Bitcoin into a vault.
Let's say that's 50% LTV, and then they can mint out BitUSD on Zeta Chain in a one-click UI UX.
And there's no switching networks, there's no locking Bitcoin first, minting it,
and then going somewhere else to collateralize that EVM version and doing something else with it.
Everything is as simple as a one-click UI UX,
which differentiates us from most of the other Bitcoin 5-focused projects out there.
Cool. Thanks for that.
Yeah, and I think BitSmiley is launching soon,
so we'll look out for that.
All very timely with Bitcoin Vegas happening this week.
Charles, your take on all of this?
There's an explosion of new chains
and interoperability layers, bridging solutions.
What do you think about it and
and zeta chains approach versus other stuff out there yeah definitely so maybe taking a step back
first we obviously had bitcoin and then ethereum came along and introduced smart contracts which
was a really defining moment for on-chain apps. And as the user base
scaled, the UX really declined through to high costs. And then there was the various L2s, EVML1s,
non-EVML1s that launched to try and improve UX and performance. And while some really succeeded, some failed, I think these advancements ensured on-chain apps were at a point ready for mass adoption and mass onboarding events, such as, let's say, the Trump launch on Solana back in January.
that came on chain and the fact that the network stayed up and didn't crash and transaction costs
stayed relatively reasonable is a testament to the advances that we've made as far as development
of these highly performant chains over the last couple of years. And frankly, healthy competition between these chains probably pushed devs to the point to
make chains that are that performant.
So all in all, I think the launch of these L2s and these L1s post the launch of the Ethereum
L1 is a great thing since it's created an environment where apps can launch and onboard masses of normies.
That's the ultimate goal here.
But there is a cost, right?
And I've seen it come in the form of liquidity fragmentation.
I think multi-chain stablecoins are particularly very complex for normies and they make it really, really confusing.
Whereas a stablecoin can exist on multiple chains and sometimes there are two versions
of the same stablecoin on one chain, like USDC.E on Arbitrum, which is the bridged version,
and then also USDC onc on arbitram which is the
natively minted version so um all in all like this liquidity fragmentation uh multi-chain token world
has has created a a ux that's way too complex for normies and and that's where cross-chain
protocols kind of come in and save the day. That's why they're so important. Because through the infrastructure that Zeta Chain has created, you can create a really
seamless experience and you can have an app that's chain agnostic in a sense that users
don't really have to concern themselves with making sure that they have the specific token on the specific network in their wallet.
You can create an experience where there can be USDC in the wallet.
Users can send it to that wallet and they can swap and perform all these on-chain actions.
And in the background, they're interacting with multiple chains,
but the experience that they're having feels like a web2 app where where they
don't have to concern themselves with multiple blockchains yeah a bunch of what you said really
resonates there uh and alex i'm curious if you want to chime in on the unified uh stable coin
that charles was talking about i know there's some work being done there.
Fill us in on that and maybe how it's different from some of the cross-chain messaging solutions out there
that have their version of unified stable,
although it's more fragmented than people think.
Yeah, I think simply put,
Zeta Chain still has a lot of bridge versions
of different stablecoins right now.
And we're introducing something called a unified stablecoin, which is in the works right now,
where we're able to combine all the incoming deposits or incoming.
When a user sends USDC or USDT from other chains, it immediately just mints out something called ZUSD.
So a user can deposit any USDC, any USCT, or stables from any
chain. And because it's one-to-one, it'll just mint out ZUSD, which is going to be used in the
ecosystem. So instead of having these different facets of different versions of USCC or USCT on
Zeta chain, it's just going to mint out Z usc um in terms of other cross-chain messaging solutions
um to be to be honest i think a lot of them or i think there are some that work i think at the end
of the day it is a numbers game um yeah i can't compare too much against what other messaging
protocols are doing right now cool thank you um mariano uh you are building Pitch Lucy. You deployed it as a universal
app, a single contract on Zeta with built-in connectivity to these other chains. Why build
on Zeta chain and maybe give us a real life experience like i could be on base for example and still interact
with the lucy agent um catch us up on that absolutely yeah it's a really good question
right like why set a chain there are so many other chains out there like why do you set a chain and
the answer to the question is exactly that there are are so many other chains out there that we need to find a way to be where our users are.
And I believe that due to many circumstances, and I think you touched down on this a little bit, Charles, like liquidity got very fragmented.
And it's just a mess of chains everywhere now. There's just many chains and they have their own like security group of users there that they might be into one specific trend.
For example, Solana users, we associate them with meme coins.
We don't associate them with infrastructure projects in Solana, right?
The same way that it's different in base etc etc so we we are presented as dApp
developers and as entrepreneurs with this with this interesting problem like everyone is everywhere
and we need to find a way to get these people to our applications and for that like
set of change was a no-brainer for us it's like this is the one chain that allows us to be on multiple other chains without doing the effort of what that means, basically.
So on this specific use case of Lucy, we thought about, hey, there are multiple tokens in every chain, right?
And we want to bring everyone to be able to participate.
want to bring everyone to be able to participate.
Therefore, you can pitch Lucy, our AI agent,
tokens from different chains, any token.
Really, it doesn't have to be just meme coins.
It could be infrastructure.
It could be a token that you deploy.
It could be many, many different ideas.
And if you manage to convince her,
she'll actually do a cross-chain transaction
from Zeta chain to that chain and buy the token.
And this is all powered by Zeta chain that enabled us to do this quite effortlessly, to be honest,
and on a much easier way than if we wanted to build our own solution to do this.
And I think that this is just one of the use cases of cross-chain technology,
but really, I think DeFi opportunities will be open to this in an invaluable way. Having
the capacity to access the liquidity and access protocols that are in other chains from One
Chain, I think it's a quite killer feature to be honest.
And one that I'm quite excited about.
And we are on the Pitch Lucy team,
we're experimenting with some things as well,
adding extra cross chain functionalities,
maybe like depositing tokens or Lucy to be trading with
and other things as well that we're quite excited.
And to give like a very quick
user journey is right now you can log into our webpage pitchlucid.ai you can select any token
from any of our supported chains that are all powered by seta chain and pitch the token and
what you can even do is we have some fees for our platform the fees of our
platform can be paid from any chain as well so you can pay from binance smart chain for example or
for base and those tokens they'll flow right back to lucy uh treasury fund uh doing another cross
chain transaction so you don't have to worry about having funds
instead of chain or having funds in one specific chain. Don't worry about it. Just enjoy the game,
enjoy the dApps that people make. And let us, the same way that there's been advances in
abstracting away the complexity of wallets, let's abstract away the complexity of multiple chains.
complexity of wallets let's abstract away the complexity of multiple chains yep that's a good
way to put it um and you mentioned that uh features is really powerful and it could be applied to like
any sort of creative use case uh i know you mentioned parent company like your group is
experimenting with other projects maybe you could talk about random.bag or meme
where from Zeta chain or from base, any connected chain,
you can buy diverse meme coins, RWA assets,
some other basket of tokens on different diverse chains.
100%.
So UNDR is the parent company of Pitch Lucid.
It's basically a group of developers building applications.
And I know from firsthand, some of the products that they're developing, like Dust.Fan, like
leverage Zeta chain on an incredible way.
It allows you to basically take tokens that are very low value tokens like just a couple of dollars for example
from multiple chains uh these are the remaining assets that are like quite bothersome and you want
to get rid of them right and um swap all of those tokens to another token in another chain so let's
imagine you know like you went on you went i don know, on Binance Smart Chain to do a campaign for like an airdrop or something.
And you now have 10 tokens worth like less than $2 each, right?
You could go ahead and swap all of them manually, but who has time for that, right? that right so what the guys at does that fund did is they created this protocol that allows you to
swap all those tokens in one transaction and exit in a way by the smart chain to another token
basically in another chain and what before was like quite a terrible experience because you
need to like swap like you need to first go into buying smart chain then find
the tokens and send send them to pancake swap one by one uh that's the fun enables to do that and
it saves you the time of having to send to another chain with like a bridge the bridges that they
always break and they they take a long time um in only one transaction so this is one of the projects that has an example of integration
yeah you you can convert them all in one click to a stable in any wallet on your preferred chain or
you can convert it into actual native bitcoin in your unisad or whatever bitcoin wallet on bitcoin
network yeah you're a a Bitcoin maximalist.
And I think this will be a big feature in the future of Zeta Chain,
to be honest, from an outside perspective.
I have seen Bitcoin maximalists continue to resist DeFi
and continue to resist a lot of the elements of other chains.
And I think this is actually quite a good point for them
because it's like you can now use something like Zeta Chain
to exit positions on other like meme coins and tokens
and go to Bitcoin natively and directly.
And I think they'll make it happen.
They will be very happy for that.
Yep.
So yeah, we have maybe seven or eight minutes here.
I want to ask some forward-looking, broader questions.
First one for you, Charles.
It could be about Coinbase OnRamp specifically or Zeta Chain Universal apps.
Like, what's one use case that Coinbase OnRamp or Zeta enables that you're very excited about or a particular trend?
Yeah, definitely. I'll touch on two. As someone who has a background, even before Coinbase,
working for Web2 retail trading apps, I've always been really excited about the potential for
really excited about the potential for on-chain RWA trading. So I know today the dominant
trading patterns, at least on-chain, right, involve really meme coins for these apps that are
normally friendly like Moonshot. But I think we're going to get to the point once there is more
tokenization of real-world assets where on-chain FX is really
going to take off and on-chain commodity trading. And I think that has really high potential for
mass adoption. And I know, especially as we get more clarity from regulators over the next couple
of months and years, at least in the United States, it'll take off just because
there'll be more compliant ways to tokenize assets. And I think that'll ultimately increase
liquidity. Institutions will probably start providing liquidity and the experience of trading
FX on chain will probably end up being superior to what's offered today, um, off-chain.
And aside from FX, I'm sure there'll be all sorts of interesting RWA, uh, strategies
that you probably couldn't access through the, the Web2 or TradFi tools that exist today.
So that's something I'm really excited about.
Obviously, on-ramping is something that's going to be a requirement
to get everybody funded and to get their accounts set up.
So I think stablecoins will probably be the default funding method there.
It probably won't be ETH or a native gas token,
most likely just like USDC on whatever network.
And that's kind of where Zeta Chain and Universal Apps come into play as well, right? Because
there may be liquidity for certain RWAs on, let's say, Solana, institutions certain institutions are using solana and maybe there's more liquidity
for other rwas on evms um and and what i really love about zeta chain is is the fact that chains
are being connected uh that are they're quite different right um and i think in contrast to
certain solutions interop solutions that you're, let's say like optimism work on where the OP stack is going to unite all OP stack chains under
the super chain, which is great, but, uh, there's still not a clear path to interop
from those chains to let's say Bitcoin or, um, even like Arbitrum L2s or, uh, Solana.
So I think that's where Zeta Chain
is going to become particularly useful,
really uniting the experience
for on-chain RWA trading
across protocols
that otherwise wouldn't be interoperable.
Love it.
Yeah.
Yeah, I've been working on Zeta
for like close to four years since the inception. And the cool thing is being friendly to all of these chains. The engineering team is actually looking at an volume on base, new users to base the other way around.
So all the boats rise like that's the real ethos of Web3.
And then RWA, I don't know much about, but I saw like some project is tokenizing wine and making it tradable and like wineries could get a new rev stream of
trading fees and it seems like there's a whole world of opportunity for different
alternative assets Mariano what do you think what's exciting trend wise is it
AI agents or or gaming or something else well of course it's ai right but um yeah there's
there's i'm just excited for all the innovation that is happening in the space there's definitely
something with rwa although i feel that regulation needs to advance more before that becomes like
more mainstream i'm very interested as well into everything that is like internet capital markets
and what they be doing and um overall yeah looks everything looks pretty exciting
nice alex you mentioned a few uh kind of first in kind use cases native bitcoin back stable
uh universal yield aggregator i think is super cool. What are you seeing? What are you most excited
about? Personally, I'm most excited about stablecoins right now. I think Bitcoin and such
is definitely an added bonus, but I still think there's a huge learning curve for most of Bitcoin
retail users and most of Bitcoin users in general. I think the solutions for Bitcoin have always
just been some EVM lock-in min function and some convoluted two, three-step process. I
think they're a little bit deterred right now. I also think Bitcoin holders have a holding
mentality. So I definitely think I'm more interested in stablecoins right now. I just
think there is a lot of adoption through stablecoins for an institutional play.
I think one thing that really stands out is TradFi.
There's not a lot of opportunities
to incentivize different.
There's really no opportunities to incentivize rewards.
But now with on-chain activity and with the way
that regulation is
going i definitely think that institutions want to come on chain just because there is opportunity
to incentivize um and get more users through that way so now we're seeing the rise of institutional
stable coins coming in like paypal and such which i think has always been interesting um there are
major lending platforms money markets dexes etc and they're
always incentivizing it left and right um so i'm definitely interested to see where stable coins go
um and what solutions come out of it as you see more institutional adoption of stable coins and
use cases for it um i'm curious to see who that person or team in web3 kind of builds to
create that new product that's more institutionally focused.
Nice.
As we wrap up here, I'll give a chance for you guys
to share anything coming up that is exciting
and publicly available information, of course,
or certain initiatives you'd point users or devs to.
I hope you guys could jump in.
Yeah, absolutely.
So we just finalized our token sale.
We're very excited for that and very excited for the community as well.
And the next feature that we're working on is integrating our token to be the payment
method for the round system for our games,
not only for Lucy, but also for any other upcoming and future games that we're also
working on that will have very attractive prices.
If you want to convince an AI agent, you will have to use the ecosystem token to do that.
So very excited to bring VUTILITY on that side.
Great.
Anything else?
I will plug ZetaChainSummer that just went live yesterday,
Learn and Earn program on Galaxy featuring PitchLucy
as the first project, actually.
And we're thinking about doing a
Coinbase on-ramp task specifically, so you could try that out. If you're a developer,
apply to the grant program, and you could be eligible to join the summer cohort. And we're
doing a bunch of events, Argentina, India, a bunch of other countries in real life as well,
a bunch of other countries in real life as well.
And New York City coming up in July,
where if you want to meet me and some other contributors.
With that, gentlemen, thanks for taking the time.
And yeah, good luck with everything.
Talk soon.
Thank you, Alex, Charles, and everyone for tuning in.
Stay tuned with Pitch Lucy, exciting things coming ahead for the community.
We just got started and thank you everyone for your support.
Yes sir.
Cheers.
All right.
Have a great weekend everyone.
Bye.
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