Hello, hello, super excited for another space, another addition of a new chain that we'll
be discussing and integrating.
Seeing a lot of familiar faces, a lot of new faces, would love to maybe start off before
we get into it, if everyone can just introduce themselves and let the audience know a little
bit more about who they are and what they're doing in the space.
Elio, it seems like I'm seeing you more and more these days, how you doing?
Hey, hey guys, hope you can hear me, I'm not on my usual setup, I hope everyone is doing
Some familiar faces up here, it's really good to be here again.
Yeah, I'm Elio, I work for Avalanche as a community manager, accelerator, and I work for
the most famous dog in the world, pretty short, pretty simple, how are you guys?
All good, all good, well, how are you doing?
Doing good, doing good, exciting, exciting week, so looking forward to the space.
Here we have Mirza, Mirza, how are you doing?
I'm GM, doing well, hey everyone, good to see so many familiar faces and so many new faces.
I run the business team here at Injective Labs.
Munch, how are you doing?
I'm doing great, man, I'm doing great, I'm super excited for this inspect and injective,
and I'm basically just a mass of injective lovers, so yeah.
I love that, I always need that.
Be check, how are you doing?
Good thanks man, having a good week over here, I write a newsletter called The Snapshot goes
out weekly, always focuses on the NFT market, I've written that for more than 100 weeks
in a row now, I also do a daily version of that, that hits the timeline every single
day, focusing on the NFT market, we run a daily show called The Modern Market, live
every day, 7am eastern time, we get 100-150 people live in there every day, again just
going on about the NFT market, live on X, live on YouTube, excited to be here and to learn
more about the Injective ecosystem.
Love that, and now that everyone knows each other and everyone in the audience kind of
has a sense, I'd love to just kind of set the table and let everyone know who we are,
some people might, I always want to make sure that everyone knows who we are, everyone
knows everyone on the space, just so that we're all on the same table, so we'd love
to introduce and set the stage on what Inspect is and how we've partnered with Injective
and integrated their ecosystem into our platform to give them the spotlight they deserve.
So starting off first with Inspect, whoever doesn't know, Inspect has two main tools,
a web app and a browser extension, both are powered by advanced AI tech that gives
you the lowdown on market trends for NFTs, crypto and DeFi.
Next up is our web app, think of it as your go-to for keeping tabs on what's buzzing in
the NFT world, we analyze social sentiment, focusing on which NFT collections and Twitter
profiles are gaining traction.
Our global reach metric, which is really what we're known for, it helps rank these,
helping you quickly spot the major influencers in top collections.
Then there's our Chrome extension, this one's a game changer for Twitter users, it's like
having a mini trading station right in your Twitter feed.
You get all the important information, token info, news, and much more, without ever having
Plus soon we're going to be adding a lot of new trading features which we've hinted
in the past, just hit the Inspect button on any Twitter page and you'll see what
I mean, download the extension and you'll get a good idea just how it works.
So to summarize, our platform provides a centralized accurate source for evaluating projects and
market trends and helps people navigate the cryptocurrency market confidently and make
So obviously we've done a lot of these additions with different chains and Injective is the
next chain for our integration series where we're going to ensure all NFT ecosystems
are represented on the platform to make sure they get the spotlight they deserve.
So Inspect will build a dedicated ranking system for Injective based NFTs, the ranking system
can be filtered by floor price, unique PFPs, PFPs per NFT community reach, and
the tracking system will gradually pick up statistics for current collection through
its AI and machine learning systems.
So we'd love to just start off and maybe munch, if you can, munch or merza, whoever
is, I guess merza got off, I'll bring you back up, there you go.
If you guys can just talk a little about the Injective ecosystem and what you guys
have been focused on and how you see the ecosystem growing.
Not sure if you heard my question, was that kind of just taking everyone through exactly
Sorry, you literally just like went off for 20 seconds.
Essentially, I was just I was taking everyone through how this integration is going to
work, just how we've done it with other teams as well.
And then was kind of just curious from your perspective, like, how is Injective growing
What are you guys really focusing on?
Just giving us a little bit more context on the Injective ecosystem as a whole.
Yeah, no, and that was a great intro.
So I tried out the Inspect tooling myself, it's actually probably the most innovative thing
out there in terms of NFT analytics and tooling.
And I think the work that they've done with some of the current chains like Avalanche,
I know Elio's from there as well.
That's been really great.
So we were inspired and yeah, really cool to be working together.
On the Injective side, on a high level, for those who don't know Injective well, the
best way to think about it is it's a blockchain very specific to finance.
When many people hear the word finance, they immediately jump to D5.
But in the words of Injective and the Injective community, we believe finance touches every
You can think of finance as any form of transaction.
This could be, of course, D5, but this could also definitely be NFT5 because you're effectively
trading assets that hold value.
This could be trading in game assets, this could be trading social handles, this could
be any sort of financial transaction that's happening on the blockchain.
So in a way, finance in our opinions encompass every single aspect of crypto.
So the focus for Injective has really been one, how do we really empower these builders
and these community members in the space?
One way we do this that's a little different from other L1s is we actually provide a number
of different modules for people to come and build on top of Injective.
The simplest way to think about it is think of WordPress.
When you go to WordPress or Squarespace, any of these site builders, you technically
don't need to have a lot of core technical skills in order to deploy very advanced websites
So we've taken the same approach for Web3 where you come in, you have things like the
world's first on-chain order book, an options module, an RWA module, anything you can imagine.
So you can actually cut down on your development timeline and deploy new applications very,
So that's key number one.
Key number two is we've optimized Injective a whole lot in order to make it perhaps one
of the fastest chains out there today.
I think we're neck and neck with Solana today in terms of fees, we're actually cheaper.
So this actually creates a very, very solid environment for NFT projects to come and
launch because right now, even to mint 10,000 NFTs, a 10,000 PFP collection, it costs you
a couple cents on Injective, which is definitely unheard of in the Ethereum community, but
probably unheard of in most other chains today.
And that's why the NFT ecosystem has sort of blossomed in the last six months, entirely
You have some of the best projects on here today.
Talus is our primary NFT marketplace.
There's a couple other marketplaces as well.
You have some of the founders of some of the top NFT collections on Injective, such
as Quantz, such as Premiere Ninjas.
And they've all done a really good job in terms of cultivating a really cool ecosystem
So a lot of people came into Injective because it's super fast, super cheap.
And the NFT community really blossomed.
And I think one thing that was really helpful is they really blossomed during the bear
So we've been through thick and thin.
And that's why a lot of NFTs actually launch for either zero in fees or almost nothing.
So for example, when Premiere Ninjas launched, they launched for like $2 a pop or $3 a pop.
Now they're worth over $1,000.
That's pretty cool to see.
And that's just one of the collections.
That's what has happened with many other collections, where they go for almost no
fees or free mints, which really helps to drive up community efforts.
So yeah, that was, I know that was a little long, but just wanted to give you guys the
full scope of what's been going on in the world of Injective and some of the work on
But I'm sure that other speakers will add a lot more color.
Hey, I'm the man of many questions.
So don't feel like you're objectified in this.
Yeah, I was wondering, like, did you guys run incentives?
I think, but I'm not 100% sure.
Did Seneca do some stuff with you guys as well?
So Seneca from Seneca Academy?
I thought he did, but maybe it was a tweet or so.
I've seen something flying in the timeline, but did you guys have incentives to have these
people on board in the NFT ecosystem or how did they, because there's already other
options out there, right?
So I was just wondering how did these guys kind of fly into your ecosystem?
Yeah, that was the beauty of it.
We actually had zero incentives.
The way it worked is a lot of the initial NFT collections were built by the community members
So Injective, as a project, has been around since 2018.
So we went through a number of different iterations as well.
So a lot of these community members have been with us for years and years since the token
So some of these initial sort of OG members were the ones to launch the collections.
And that's what really drove up the sentiment and community traction.
It wasn't that people didn't know of alternatives, it was just that Injective was a really, really
fun place in the bear market where most chains ceased to be as fun as they were before.
So I think that's what really engaged and brought more people over because effectively
they saw like, wow, these NFT collections are free and people are having fun.
Because it's going to cost me nothing.
So I think that's what really helped a lot of people, even from other chains like Solana,
to come and onboard onto Injective.
Blake Munch himself, for example, was very much in the Solana community.
Many of our members, for whatever reason, were left a lot with the Solana community.
So that really helped us as well, in my opinion, in terms of bringing more eyes to
the ecosystem and into NFTs on Injective.
You touched on, I hear a lot of, I hear you talking a lot about Solana, it sounds like
there might be a little battle of the chains there.
I understand that immediately.
We actually really like Solana.
We actually were the first chain in the Cosmos ecosystem to even allow for a bridge
from Solana, which I think helped out.
We're also introducing a very interesting VM layer, so like a roll-up for SVM.
But yeah, I'm actually really good friends with the people on the Solana Labs team.
I think we're just going for two totally different things in terms of like the space
And I think that's a good caveat to my question.
What strategies are you guys implementing to simulate the Injective NFT market to kind
of compete with these other more established chains?
Yeah, I would say the way the chain has worked is effectively like it's been a lot more oriented
So we actually don't have giant whale mints, no huge private sale or whitelist.
It's a very different approach from what I definitely saw when I was engaged in things
like boardings or zookies or any of these other like high flying ecosystems.
The free mints definitely helped out a lot.
And I think the strategy has also been helped by, and Thales can chime in a lot here and
I would love for them to chime in in terms of like reducing the supply of NFT.
So on Thales, you'll only really see like one or two launches per week.
But I will let them chime in because I also see he's raised his hand.
Yeah, I just wanted to make a point about how it came to be and the fact that there
were no incentive into this.
The idea was to nurture the community.
We decided to bring the NFTs on injective specifically because the community was so strong in the
We already saw engagement.
We already saw like a true culture being cooked on injective.
I thought that at that moment, we knew that bringing NFT into such a community would
be, as Mirza said, a way to have it blossom and a way to have it thrive through the community.
I'm pretty sure that since we've been introducing the NFTs on injective, we've seen a lot of
community members take a place.
A lot of community members actually tie links between each other.
And we weren't on the echo chamber either.
We were actually bringing a lot of, as Mirza said, new wallets to injective and we've been
actually growing that space as for this.
Everything was pretty much organic.
And I'd love for you to like, obviously, like we've high level spoken about Thales
and what you guys are doing is the main marketplace within the injective ecosystem.
But would love to maybe get, have everyone find out a little bit more what upcoming updates
you guys have that you guys are most excited about and how do you believe these improvements
or these updates will drive more onboarding of new users for you?
So one of the main thing and thank you for giving the mic for this.
One of the main things that we are very excited about is the end of the audit for our
Basically every fee that has been perceived on Thales protocol since the beginning has
been kept in the form of injective and has been kept in the word chest.
And all of those fees are going to be distributed to the ex Thales stakers, which are the stakers
So yeah, we're super excited about that.
And we are pretty sure that is going to bring quite a lot of people to both Thales
protocol and the NFT ecosystem because having an NFT ecosystem that actually gives back to
its users is something that is quite, quite unheard of, at least on Cosmos and for the
most part on the whole ecosystem.
And to touch on that a little more, like how do you, marketplaces obviously are the key
factor in the growth of an NFT ecosystem, right?
So how do you from a marketplace perspective and maybe less so focus on you, but as a whole,
how do you see marketplaces should better support development of NFT projects?
Or do you feel like it should be more so hands off?
One of the key parts of Thales protocol is actually to give a full tool suite of features
that gives power to both the creators, but also the investors and the collectors.
The idea there is to have a lot of no cut tools that are going to actually allow anyone
I think that's one of the big parts.
Also nurturing, as I said, the ecosystem and trying to find ways to both accommodate the
nascent ecosystem, like the fact that maybe some developers are going to chime in into
the ecosystem, but are going to have trouble with that.
I think that gatekeeping on that part is a mistake on many sides and trying to build the
missing part of the infrastructure on any chain that you are on, and that is going to both
relieve the community and the builders.
But of course, it takes time and takes a guess on the dev side.
Of course, and I'd love to hear from both Merz, Thales, Munch, who are some of the top
KOLs on Injectives that people in the audience should kind of keep a lookout for, that you
guys think you're looking forward to see climbing the rankings on InSpec.
I'll let someone else chime in first, Jakey or Munch, if you guys want to go first.
Sorry, Mike, would you be able to repeat?
The question was, who do you think are some of the KOLs that people should look out for
when you guys are excited to see start climbing the rankings on InSpec?
I mean, my microphone just keeps automated.
I'm going to rejoin real quick.
If I'm going to be honest, I'm just excited for, like, I've been waiting for Forever
I've been in the InSpec Discord, trying to make tickets, trying to get them on, and I'm
Yeah, I think what Injective has in my personal viewpoint is a lot of, like, not
KOLs, but KUEA members who have kind of become like pseudo KOLs, like people like
Munch or people like Illustrious, definitely Jakey.
The different collection founders basically have become their own sort of KOLs.
Obviously, they're like giant KOLs as well, right?
They're not necessarily just talking about NFTs, they're talking about a lot of
different things, like Wiz, the crypto wizard talks a lot about us, Kaduna.
Pretty much across CT, you'll see Injective a lot mentioned by people.
But I really like the part of the community where it's like, okay, it's
actually the project founders and etc.
We've built up these grassroots communities for themselves who are just mainly talking
about Injective day in and day out.
I think that's what I'm excited about, seeing them climb the rankings, and I
think they'll climb the rankings the fastest on InSpec.
I would love to add on to that as well.
I think there's a lot of community members that are sort of taking the
approach of running with a permanent profile picture, a quant profile picture,
and building more of a brand on it.
I think that's something that the Injective community has done very well
ever since we first went through the permanent images.
NFT collection is that everybody's not just, they're not just feeding their
timeline with some sort of stuff, they're trying to inform people, they're
trying to educate, they're trying to spread the news.
I think there's going to be a battle between almost everyone in the Injective
community trying to climb up the NXT InSpec, further their brands, further the
content that they're pushing out.
I think probably in the past month as well, we've seen a few influencers come
over to the Injective space and switch their profile pictures as well.
I think that's also another thing to point out, is that with the fresh
ranking with Injective PFPs, there's going to be influencers that are coming
in and trying to climb those rankings as well.
So I'm looking forward to the competition that might come in a bit too.
Hey, I have a sort of side question.
So how do you guys, apart from what Telus is doing with like, with like,
yeah, the redistribution of fees, what are ways for keeping like the
community growing, happy, engaged?
Is there any like future incentives to keep people in, but also to maybe
Like, is there anything like that in the pipeline?
What's that question for me, Leo?
Whoever wants to take it.
Yeah, if I may, on my side, we are quite interested in different
narratives that are more than that, but that are going actually to be
part of the NFT ecosystem fairly soon.
We are talking RWAs, we are talking real world assets, we are also
talking about the gaming industry, which is going to be quite big.
We're seeing more and more mainstream games that are either claiming or
packing under the hood, play to earn or play and earn capabilities that
are being pushed by NFTs.
And I think that's injective for what it is as a chain and the
parameters of the chain is going to be quite perfect for that either
for on the L1 or on the L2.
Many things are going to be to be interesting into the NFT universe.
But if we want to remain more classical, let's say, the bringing
more IPs onto injective, re-known IPs is going to be quite massive, I
Is the gap, I should have followed up on this.
I saw a beat check also raised his hand.
What makes injective or the protocol tell us what makes it interesting
for an IP or a game to go with you guys?
And I have a follow up like, what are you guys doing to make the
onboarding from the Web2 audience frictionless or let's say less
Web3, but more from a collector's perspective?
If I have to continue on that, I was mostly thinking about the block
completion time of the chain.
It is one of the fastest chain, which makes it usable in a lot of
situations where some blocks that are six seconds or even more are
completely out of question.
Yeah, mostly like the fact that injective is a cosmos chain with which
runs cost as well makes it quite usable for this.
I think that in many ways it's an interesting chain for that matters.
Yeah, I can chime in on many things here.
So the easiest ways to approach this is one, you need to be the fastest
And injective, like even with the gas compression release we had last
week, we're literally the cheapest chain out there in terms of gas
fees. And that's just great for mass usage adoption, either for
people minting NFTs, people coming on board, issuing new IP on
chain. Number two is just the on-ramps that we've had.
So not only do we have most of the major on-ramps providers today,
like let's say Transac, Ricardo, Munpei, that really helps reduce
the friction for everyday users to come on board.
So it's like, OK, you on-ramp them, now it's really cheap and fast
So they don't see any of the friction that they would on
Even L2s today, when you think about withdrawal times, it's forever.
So it's not just about the deposit on-ramp process, but also the
So, for example, if you want to sell an NFT and get up, you can
also do that very, very fast on-injective, whereas on typical
L2s, it could take like seven days for you to actually off-ramp
back onto ETL1 and then deposit your money out.
Most of these L2s don't even have native integrations with
exchanges. Injectives natively integrated with every single
major exchange out there.
So you can come in through exchanges, you can come in through
different on-ramp providers, and then finally, just the
community makes you stay, right?
So I think a lot of projects try to just throw money at the
problem. And I think money is good to an extent, right?
Like, who doesn't like incentives?
Who doesn't like these things?
It's really good in terms of jump-starting a community.
But what often happens is the incentives sooner or later run
out. You saw this, not just with NFTs, but like P5 Summer
2020, you have, like, gill farming pools go live, they give
out money. A month later, they run out of incentives and people
move on to the next thing.
So I think the way injective glue is very important to this
point as to why it's been so sustainable, because it was so
grassroots, everything was actually free.
No one felt pressured to like spend money, and there was like
no possibility to lose money in most instances.
So it just allowed for those people to stay and not just like
come in for a quick buck and leave.
So I think that community orientation is actually so, so
imperative in terms of building actual sustainable IP long-term
because it just comes down to how long do people want to stick
around and promote this IP or hold on to this IP.
I think that's what's helped a lot in terms of injective
case. It's not like the technological difference has
helped a lot, like, yeah, being fast and cheap.
But I think the community aspect is what makes the IP stay and
grow within the ecosystem a little differently from other
The context there, Beech, I know you had your hand up
earlier. How are you doing?
Yeah, I was going to ask for like a new participant in the
injective ecosystem or like trying to get a handle on
what types of NFT communities already exist, would it be
helpful to just like outline some of your favorite ones?
I know, obviously, a lot of people got on board with
NFTs via the ETH communities first, and you have kind of
communities that align under different kind of values, like
some communities might be pure IP plays, some might be kind
of exclusive clubs, the kind of digital, sort of house kind
of vibes, other people might congregate under different
specific interests. What have you noticed that seems to be the
core NFT ecosystem reason for being on injective at the
moment? And is there anything that you'd like to encourage
I would love for someone else to chime in first, like
Monjaki, Talus, I don't want to take up all the questions.
Absolutely. Let me hop in there. There's so many projects
that are building it on injective print now. And a lot
of them seem to be pushing for different things, which I
really like. One I want to shout out, which is kind of
an underdog right now is Astound. Astound's going for,
I would guess, the IP play with their clothing brand. I
was very fortunate enough to get sent one of their
t-shirts just before the new year. And the quality on the
t-shirt and the print is very shocking. And the thing I
want to point out about is that one, it does not look
like an NFT brand. And two, it's actually like genuinely
good quality stuff. Like I would buy that and think it
was a high quality streetwear brand. So I think that's
really cool. And that's something that hasn't really
been talked about too much in the space. So something to
be aware of. Another project, which is actually
launched from one of my friend's entity is Hobo's.
What Hobo's has done is they've built a different
version of an injective explorer, one that makes it
a little bit easier to see NFT transactions on it,
which is really cool. Another thing that they're doing
right now is they're working on something that's
called get dropped art. I don't know if there's
much information out on that right now. But
essentially, that's going to be injective's version
of or close to injective's version of drift. So if
you're into art and you like free art, I would also
keep that on your radar. But all that much or
Tylus or Marisa, hop in now, too.
And on goes, I have a question as well.
All right. So what are the like USB's for a game
going to injective instead of going to like Solana
and AVEX or something else? Like what makes you
guys stand out apart from like finality and low fees?
Like what are the USB's in that sense? Because
there has been a lot of debate about fastest chain
in the past, right? I think we've seen that with
Bitcoin, Bitcoin Cash and other like very
interesting examples. But what makes you guys?
Yeah, but what's the what's the protocol for a
game going with you guys instead of like another
chain? Yeah, I would actually like push back on
that. Our focus is not really gaming at all. So
I don't think that's even an area we're delving
like deeply into. We're totally fine with games
wanting to choose different things. I'll give you
examples of why certain games have chosen
injective. For example, there's a very popular
game on injective today called Ninja Blaze. It
sort of combines gaming with something like a
roll of it. So the reason a game would choose
injective, in my opinion, is if the game has a
particular focus on certain financial angles.
Ninja Blaze is a great example because
effectively, what they're doing is they have
combined certain sort of betting or prediction
markets on top of injective plus a gaming
interface on top. And the reason they chose us
is because we actually have an options module
that allows you to create prediction markets
very, very easily. So they came in, used that
module, built up the prediction market stack
underneath, and now they have a cool game
economy that's related to sort of betting
effectively. So yes, I'm, I think sooner or
later, being the fastest chain or being the
cheapest chain is not enough. And that's not
really like the focus. Like, yes, we just
happen to be really fast and really cheap, but
I don't think that's the only selling point
because I agree with you like Solana, Avax,
many other L2s in general, many other L1s in
general are also fast and cheap. I think
where injective stands out is that sort of
module layer. And the other part is the
liquidity layer, right? So we've actually
integrated most of the major institutions on
chain itself. So let's say the Galaxies
jumps of the world that are providing
liquidity to this on chain order book. So
when a game goes live that has like
certain prediction or betting markets, they go
live, boom, they have a lot of liquidity
from day one. So if taker flow comes in,
so people want to come and bet, there's
actually liquidity for those in game
markets or in game assets. Usually on other
chains, you don't really have that liquidity
profile on chain already. Yes, on the chain
itself, you might have many other
interventions, but you don't have the
shared liquidity environment, where it's
like, okay, the market makers might be
coming in, putting liquidity towards the
order book for the DEXs. But then other
games or other NFT projects can come
and leverage that liquidity. So yeah,
it's a very niche focus. But I think it's
a very cool focus. Because if you think
about how gaming works in general, a lot
of games are actually focused on the
financial transaction part of it. So if
a game's main focus is the betting
aspect or financial transaction, then
they would choose injective over other
Could you share what are some of those
liquidity providers you mentioned?
Yeah, so if you can think of any of
the large institutions today, Galaxy,
Jump, IMC, R-TRAFI guys, large Web3
guys, like Cumberland, many of them are
investors in us. And many of them are
just market making on the chain itself.
So if you think of the on-chain order
book injective as built, these guys
come in, connect via APIs, and are
providing liquidity on the chain
itself, 24-7, 365. It's just like a
very, very robust capital affix
environment, because injective
initially was built to be the most
performant chain for things like DEXs.
So that's actually bled into other
use cases for other projects,
whether that be like for NFTs or
gaming, or whoever might need that
liquidity, if that makes sense.
Yeah, of course. No, no, it's a
very excellent question, actually.
And I agree with you. Like, I think
being fast and cheap alone is not
I love to also, Jake, he asked you a
question like, what made you want to
launch on injective over already, like
all over other chains? What was the
the unique selling point for you
That's a great question. And I wish
illustrious was up here to answer
that. Because if it weren't for him,
I probably wouldn't have been as
well aware as I am. illustrious who's
down in the audience, he was a
community member, inject an OG
community member and injective had
been a part of their very first
ambassador program, I believe back
in 2020. Correct me if I'm wrong.
integrated with the community, and
has been an OG in the injective
space for a while. So essentially,
through him and his connections with
his idea to launch on injective
when he heard NFTs were coming
through, since he was already
very well versed with the
community, and already had a kind
of an idea of what they wanted and
what they would be good at
pushing. We decided to launch
ninjas. So that was back in
back in June. I think the thing
that really stood out to me though,
when he proposed the idea to me
was how strong injective community
was before NFT5 was introduced
into it. I think that's one
thing that I didn't necessarily
love to see about other chains
that were popping off. I want to
say maybe back in late 2022, was
that a lot of their community was
initially started from people
either on Solana or Ethereum. But
injective had its own core
community already well before
NFT5 was introduced. And so sort
of giving them something to rock
and giving them something to show
that they are on injective and
support injective. It kind of
seemed like a no brainer. And
it's gone unbelievably well since
we've had so many amazing people
come in and join our community.
We've also had amazing people
communities work. And the
experience has been amazing.
Love that. Elio, go ahead.
Thanks. Thanks. Sorry for
shooting so much questions
again. What are some of the
Trying to keep it quiet for
you guys. What were some of
the challenges you guys had
with launching on injective?
And maybe in retrospect, you
guys would have done different
versus, yeah, maybe right now,
maybe some things change, which
we are unaware of as panel
members. But yeah, just wondering
Oh, that's a really great
question. I don't think I
differently. I think illustrious
would probably be pretty strong
we've done a very good job
trying to be clear about exactly
what we're doing and why we're
doing it. And so I don't think
we would change anything. But
what was the first part of your
What were some of the challenges
you guys faced? Because I'm not
well versed in injective. So I
don't know if you guys were like
semi-first movers or yeah,
were there advantages you guys
something now? I'm guessing it's
not fully saturated yet, right?
But what were some of those
like, yeah, challenges in the
challenges was reaching out to
other communities and trying to
collaboration that was on
afraid to try something new. And
that's what I realized right
the beginning, I was trying to
convince people to come over
and try something new and
working very quickly. So we
quickly changed our strategy
to be more informative and
educational based and sort of
let them decide whether that's
something that they want to
try out or not, as opposed to
trying to give them all the
pointers to convince them. So
that was a challenge we had
was onboarding people from other
NFT ecosystems onto injective.
But to be completely honest
with you, it was a constant
stream of learning as well. So
there were challenges that
came up and left along the
way. We just tried to adapt
and overcome them. I would say
the other big challenge was
gosh, how do I put this into
words? The other big challenge
was trying to keep people
here as well, because being
a new chain, people obviously
look at us like, all right, I'm
wanting to invent your project,
but it's just going to be free
money for me and I'm going to
be gone in a month. Trying to
keep people on injective, keep
them interested, keeping them
entertained. I think that's
been probably the biggest
challenge across everything. But
it's also been the most fun
because I'm learning a lot
through it. I'm also meeting
a lot of people through it. And
the injective community is so
exciting in itself that even
the community members are
making the other community
members excited. I think the
overall image that the community
consistent through top and
bottom, regardless of whether
you have a platform to push
think a lot of the people
share similar mindsets and
similar goals for injective.
And so that has also helped
Nice. And can I, can I ask
like, what, what were like
more, let's say, concrete
examples of the challenges?
Is that like, I mean, Avax
had had its same, I would
say, growth pains, especially
for the NFT ecosystem and
the community ecosystem as
general. Let's say what the
position we are in, but this
is not about Avax right now.
What are you guys noticing
hardest part is that like
collaborating with an Eve
community, for example, to
giving spots away for a mint
wondering how you guys flew
that, because I think a lot
of new chains or emerging
collections, not, yeah, not
singled into which chain it
is. I think everything Eve
is pretty standard. You have
the alphabet, you can reach
managers, there's a certain
playbook in place, right,
which you can execute on if
new, to a certain degree,
like in the past. I think
a big consumer change that
years that a lot of people
Injective and keeping them
now than they were a year
looking for the next, you
whatever it ends up being.
trying to give like, think
turned away from communities
will say the difference in
Premier Ninjas, which was
back in June, compared to
which was in November, it
overcoming that challenge
out something new. Because
launch as well, which was
think, yeah, there aren't
like concrete examples of
I'm sorry if I'm not able
to answer that entirely in
running that project, but
community members corralled
like a blue chip, blue chip,
the kind of establishment,
like tremendously in setting
from a project standpoint,
in general, or just injective in general.
No, your specific project.
Okay, I do wanna clarify,
just in case there was a misinterpretation there,
Mirza isn't on the premium ninjas team.
I was talking to you, Jakey, sorry.
That being said, Illustrious has been requesting
for like the past five minutes.
If he could come up and chat as well,
I know there's some things he would love that
But I guess the big thing right now for,
I guess, premium ninjas and quants,
both premium ninjas and quants are hosted
underneath the same Discord server.
So, and they're both launched by the same teams as well.
So, we're all one big loving family.
But the big thing right now,
Illustrious, would you like to take it away?
I'm Illustrious, I co-founded premium ninjas
and quants alongside Jakey and Zeno.
Just to give a little background,
a little bit more to premium ninjas.
It was the first collection on Injective
and there were a lot of growing pains.
The biggest growing pain, ironically,
was that a lot of people who originally joined
kind of left as they saw the hype grow
to launch their own projects.
And that might sound like a silly issue to have,
but when the ecosystem is pretty small and niche,
it definitely puts a damper
and kind of fractures the original community.
And so we kind of took on a mission with quants
to use all of the previous hype,
previous attention to grow an entirely new ecosystem,
And that's where we collaborated
with a ton of external projects
using BlockSmith Labs' tools, Atlas 3.
They kind of came and supported Injective
to help us grow our connections.
And so we were able to establish connections
with a lot of pretty high tier projects on Solana,
like Solana Monkey Business, Ethereum, DeGods.
And that helped us kind of bootstrap the quants community.
And it was also a 10K supply.
And although being a freemen to 10K supply
where the previous unique holders
was only capping out around 700 for ourselves,
I think it's a 3,300 unique holders right now.
And we want to use that size and that community
to kind of continue to bring fun to Injective,
which is in my opinion, the mission of NFTs.
All it is is entertainment value
for the owners, part of a exciting ecosystem,
So with quants, they get access to this meme token
called Cunt, Q-U-N-T, and it's a $10 presale.
So they get a buy into Cunt.
And it would launch on Mido Finance,
which is an upcoming, I think it's a launch pad.
It's a yield farm, kind of like Radium
for Solana, and they'll get to use their small buy
into Cunt to learn about the launch pad,
learn about receiving awards for their LP farming,
and just kind of focusing on fair community launches
so that the risk is much smaller for the community.
And I think that's kind of what Cunt represents,
is just a fair, fun community thing for all.
I mean, even with quants, you guys might not know this,
but we have royalties set at 5%,
but we use 100% of those royalties
to buy back or to buy Inge and burn it
in the burn auction that occurs on a weekly basis,
although we are quite priced out right now.
Nice, I think that clears up a lot of questions
I love the context there,
and we're obviously super excited
that we're gonna be fully integrated soon
and gonna be able to track the entire injective ecosystem
and all kind of just for the people
that weren't here at the beginning,
I'd love to just give an overview again.
We have two main tools, a web app and a browser extension.
Both are powered by advanced AI tech
that gives you the lowdown on market trends
for NFTs, crypto and DeFi.
And think if at first like our web app,
it's a go-to for keeping tabs
on what's buzzing in the NFT world.
We analyze social sentiment,
focusing on which NFT collections
and Twitter profiles are getting traction.
And obviously our global reach,
which is really what we're known for,
ranks the specifically helping you quickly spot
the major influencers and top collections.
When you change it for Twitter users,
it's like having a mini trading station
right in your Twitter feed.
You get all of the important information
from token information, news and more
without ever having to leave Twitter.
And we're adding a lot more trading features
And three ways that we're really integrating
with injective is to three types of individuals.
Well, three different tiers.
It's the founders, which allows founders
to assess their community sentiment and growth.
It's going to provide data that founders
can use to test marketing campaigns and initiatives.
It provides an overview on top KOLs
in the space of founders can leverage
within marketing campaigns,
based on which are most suited.
And InSpec is going to allow project teams
to gather data on top ecosystem.
KOLs to leverage within their initiative
and serves as an additional tool
to attract attention to their projects.
Now for an individual standpoint,
the ranking allows users to explore
the injective ecosystem based on community sentiment.
It'll expose InSpec's users to thought leaders
within the injective ecosystem,
enabling them to deepen their understanding of the chain
and ultimately find the upcoming project
to potentially mint, invest and become a part of.
And from the injective ecosystem standpoint,
it's going to enhance chain accessibility
and allow InSpec's users to explore a new NFT ecosystem.
And we've always been about building with the community
and allowing our community and multiple communities
to just meet each other and build together.
So I think that's a good place to end the space.
I really appreciate everyone's time, everyone in the audience,
and I'm super excited to have this integrated
and can't wait to see who's going to be at the top
of the injective leaderboard.
That's guys, take care, have a great day.
Thank you for having us, bye bye.