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Plume Room Special: Bringing Real World Wealth Onchain
Recorded: March 28, 2025 Duration: 1:09:58Space Recording
Short Summary
Plume is on the verge of launching a groundbreaking platform that integrates real-world assets into the crypto space, supported by strategic partnerships and a focus on user-friendly experiences. With a commitment to growth and innovation, Plume aims to redefine how users interact with both crypto and traditional assets, paving the way for new financial opportunities.
Full Transcription
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I'm going to go ahead and put it in the middle of the room. so I'm sorry. I'm sorry. I'm sorry.
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I'm sorry. I'm sorry. Oh Thank you. good morning everybody we will be starting soon here sorry i coughed into my mic Thank you. Thank you. I'm going to go ahead and get started. Thank you. I'm going to go ahead and get started. Thank you. all righty everybody what's up goons so thank you everybody for coming we have almost 3 000
people tuning in today which is on it's crazy and it kind of blows my mind that so many goons showed up today thank you once again
and today honestly we have a really special one my name is phil a lot i also go by phil on discord
i lead community at plume so we do have a very special guest today it is the one and only chris
our co-founder and the ceo of plume right he's going to be here to talk about how we're not just bringing real world well
on chain but we want to reinvent what that means and Chris as you said before
let me switch here Chris as you said before right like me and you we kind of go back and forth uh in private quite a bit
and it's about remixing finance into something new right like i remember you say that we just
don't want to copy trap by and that just slap it on the blockchain right so let's just start simple
why should the average crypto user care about rwas of course gm good to see everybody today and
uh and glad to spend some time talking to everybody but um look we can let's definitely get into it um
but the first question is why should anyone care just like you said right phil and it's actually
very simple the only the reason you should care about rw is because you already
care about rvs right the number one product today in crypto today is an rwn the stablecoin right
and what we do today unfortunately is that's all we have right people use a stablecoin we are able
to access the dollar this way we're able to hold value we're able to do all kinds of things with
the stable ones today and it's been able to unlock a tremendous amount of innovation and a tremendous amount of use cases
right by being able to have the counter to highly volatile stuff in crypto by having something that
it's able to to be stable composable usable all those kinds of things now the problem is
it's that's the only thing you can do with it right it's it's very straightforward right it's very static right um and um you know very useful but again very one-dimensional right and that's
what we want to do all we're doing with bloom here right is we're helping follow what people do in
real life and following user behavior right in the real world today right when people are doing
crypto stuff when the markets are up you want to hold tokens and people do that today and that's what they already do when the market goes
bad which a little bit like today right what it must will do right they rotate into rwa stay the
problem is the only thing you can rotate into is the stable coin right and so you hold the stable
coin you do nothing with it and then that's really it so all we're doing is expanding the surface
area in which you can interact with the real world. And when you rotate and do these things in and out,
now you have options, you have choices, right? Which means that then you can not only pick
different things to hold, but now you can earn yield against them. Maybe you can speculate on
things like that. Maybe you can put them into DeFi, right? And be able to loop, earn, stake,
lend, borrow, whatever you want to do with these things at the same time and that begins to blur the lines between what happens when you're
holding cryptonative assets and the and real world assets right just like what the stablecoin did for
these assets and for the us dollar right the stablecoin is just another tool that we have
in crypto right um that we can use when the markets are good bad ugly what do you want to do
right and all we're doing is adding more tools to that toolbox and so this way we have a
new together here
awesome awesome yeah no honestly it sounds like with the way I kind of look at stable coins is it's almost like the phase one of crypto.
It's almost like the email of crypto. Right. And in Plume, we're looking to see if we can try to build like the smartphone of crypto.
Maybe it's a bad analogy, but let's just like look at the RWA market like as a as a whole. Right.
as a as a whole right so rwa's market is it's a 400 trillion dollar market with with a t
right and chris you were just saying i've heard you say before that bringing real estate and
and stocks on chain isn't just the end game what's missing from how people talk about rwas today yeah totally look i think this slide
right one is um it's a little ugly i really want to do it i really want to redo this thing to make
it a little better but um more importantly look this slide is the most important piece of the rw
story which is at the end of the day, the opportunity in the market size for RWAs
is one of the biggest that exists anywhere. And the important thing here is this RWAs today,
or even if you look at this, right, crypto today is, like we see here, a $3 trillion asset class,
of which, you know, maybe one and a half to two of it is BTC. And so the kind of like smart contract layer, the programmable stuff,
the sort of like internet money and all this, right, is even less.
Let's call it one trillion, maybe one and a half.
I think we always forget is that, like, you know, in TradFi or the real world,
BlackRock and Larry Fink, that firm alone is a $12 trillion asset manager, right?
And so one single firm is bigger than all of crypto, by not just a little bit, but three
or four times larger, right?
Let alone all the other subs.
When we talk about articles and real-world assets, it means all of these things, right?
We have things that you said, like there's real estate, right?
There's derivatives, there's equities, right?
There's collectibles, right?
There's Pokemon cards, watches, sneakers, art,
all these kinds of things.
The entire universe of all these assets
becomes, you know,
when you're able to put this on chain,
it'll grow crypto by several orders of magnitude, right?
And that's ultimately the thing that matters here.
And the thing that's interesting about all this, right?
We can actually take not only these assets
and make them much better, right?
But we can really grow the size of crypto.
And that's an orientation for Plume.
You'll hear this over and over
when we talk about Plume and crypto is,
look, most people are just trying to grow their own token
or grow their own network or grow their own ecosystem.
We started Plume with one very simple goal.
We wanted to grow all of crypto, right?
And that's why on day one, we have something like Skylink.
Skylink is our bridge program, right?
That makes you easy to connect with Plume on other ecosystems on day one, right?
Because this is our goal.
This chart is the basis of why we started this project and what we want to do with it.
We want to make everything in crypto better.
We want to make everything crypto bigger, right?
And as a result, Bloom grows as well.
It's just the difference between us and everyone else out there.
And so anyway, this is the important thing right here.
Now, just like you said, Phil, I think the one thing that's important for us to remember here, how we view the world, it's not as simple as just taking this stuff on the left, these off-chain assets, these reward assets, and just slapping them on-chain and carving copy and put them in-chain.
That's not what we're trying to do.
What we're trying to do is make an easy way
to access those assets.
And every time you take something,
there's two ways to mold products.
Number one is you can actually physically
take the exact same thing and put it into the new paradigm.
You can take, for example, email, right?
Which is something people did on the desktop a lot
when they were at work, right?
And when the mobile phone came out,
you can literally put that same thing on the phone
and you can still do email, right?
But it turns out that's not actually the best way
to communicate with people
once you have the mobile phone, right?
It's actually text messaging and SMS
became much more popular.
Telegram became much more popular, right?
WhatsApp, all these things out there because the form factor for mobile changed a lot right and the use case changed a lot it no longer became a very formal boring sort of like one to one
two way right we wanted real-time communication you wanted reactions you wanted things like that
became short messages it became a different type of use case right and you still did the same thing
it was about communicating with other people but the form changed a lot right you no longer email now i just send messages i send gifts i send images
i send all those kind of things right it's a very different thing it's exact same thing here right
what we're taking is these real assets right and we're not just going to say let's just take real
estate and put it on chain right so now i can do the exact same thing on chain i can go to quote
unquote the bank and i can like get a loan and I can put this thing
up and then go buy this house and then pay my mortgage once a month.
Right.
It's not about doing that.
What we are trying to do, right.
When you ultimately take this house or you take art or you take watch or you take equities
or you take the US art, whatever you take this and put it on chain.
It changes it as well.
Right. And you want to mold it and fix it
into a crypto native experience.
Ultimately, you're building a product for that market.
You want to take advantage also of the contours
of the new technology.
And what are we doing crypto today?
The important things are what?
Permissionless.
What we care about here are being able to access things
very, very easy and simply.
It's open.
Anyone can build, anyone can use, anyone can try these things.
And more importantly, it's composable.
You can use it all around everything, all around crypto.
And that's how we think about these assets.
We really want to make sure that things are usable.
It feels crypto.
And again, we always say this a lot.
When RWA's are done correctly, they cease to be RWAs.
They just become crypto right
and the best example again is a stable coin right the stable coin today right nobody thinks of it as
an rwa you think of it as a stable coin or more importantly you think of it as a great example of
crypto not a great example of an rwa right um it's a great example of how you onboard people how you
can use crypto and how you can explain people that's you know it's the best way today to grow crypto in addition to things like meme coins and others right and so that's how we
think about this there's so many great things that come together with rwas it's the market size
right it's the actual use case right and the potential here for us to do new things the the
having the stable coin unlocked all of d5 for us, because now you could actually hold value, you could earn in different ways.
And then third, it's really this onboarding story, right?
We can really grow this market and really bring a lot of net new people in and bring new use cases and bring new markets to light.
And so this is why we think this is a really, really important part of not just Plume, but all of crypto.
And that's why I think we're seeing the excitement for RWA today in the market, right? These people are realizing that no matter what, up, down, left, right in crypto,
the one thing that is happening, right, is the RWAs are slowly marching through.
And they are coming on chain to bring in more and more people in every single day.
And they're realizing it's become a point where you can't ignore it anymore.
And people are realizing this is a real force that is going to help crypto and help us grow,
going to help crypto and help us grow, you know, regardless of what's going on.
you know, regardless of what's going on.
Man, so I really love what you said, especially when you say just, you know,
when RDBs come on a chain, they just become crypto, right? So I just kind of wanted to riff
off that a little bit, right? And from what I can understand,
banks are already building up to the iPhone.
That's TroutFi,
and Plume is letting anybody kind of remix their assets.
So say I can tokenize my house.
Say I tokenize my house on Plume.
Let's just pretend that I'm wealthy enough in America
to afford my own house,
and now that I have a house, and this is not right yeah it's suddenly composable right just I'm just
curious what are some of the crazy things I could do with it that were that you would probably say
it's impossible off chain but we at plume have unlocked new assets for you and your house Phil
on chain totally like what can you do with your house today in the real world right nothing you know you live in it and you pay your bills that's it right now what can you do
when it's a token that's how i think about it right i think the basis of all this is that the
token is a superior ux in a superior format to hold different things because everyone understands the
token you hold it it's easy you can move it can change it, you can do whatever you want to do, right? So let's say you have a house
represented in the form of a token, right? Now you can cut this thing up in a million ways. A bunch
of things you can do with it that you couldn't do before. One is if I wanted to just take like
one tiny fraction of my house, right? Just the tile of the roof, right? And sell that, right?
Or take out a loan against that thing and begin to earn some yield. That's one thing that I could do, right?
Number two, what can you do?
In the real world, right?
There's no way for me to live in my house
and also capture some value from it being here, right?
Meaning allow some way to earn yield against it.
With crypto, with a token now, you can see a world.
I can put this into a no people, right?
And I can earn some yield against this thing, right?
You can also bake in other ways of of of having other people hold this
you can cut this thing into a million pieces right you can add this to another pool and it becomes
part of another structure product so there's all those things you can do with this with this different
uh with this token and how you can sort of mold and change what we're doing here right i think
always another example that's always useful that i was thinking about is when you think about
when you think about equities, right? When you're buying stocks as a very simple example as well,
right? What can you do today, right? You can log on, right? Between the hours of nine to 5 p.m.,
right? Wherever you are in the world and go to your exchange and you can buy some stocks.
Number one, the tricky thing to do with stocks exchange and you can buy some stocks number one the tricky
thing to do with stocks today is you can only access whatever's in your region and you have
the kyc to get that right so you're both region constrained right you're time constrained right
um excuse me and that's ultimately the issue right and so that's kind of the starting point
and so look it's a very simple fact by putting it on chain and making this accessible to everybody right now everybody in the world
can hold tesla shares right if they wanted to at any time of the day right that's a starting point
that's the thing that we all know right i think the more interesting thing is now that's really
just again putting the real world on chain that's a that's a good example you can see that just by
doing that it's actually gotten a little
bit better, right? Because now anyone across the world can get it, right? It's actually changed a
little bit in a subtle way because now you have access from a time perspective all over the place,
right? That's not something that's done today, right? Now, the more interesting thing to do is
like, what would you want to be able to do? If I'm holding a bunch of Tesla, what is a crypto native
way to do this thing, right? What does everyone do when they hold the asset? Let's stake this
thing and start earning some yield, right?
And so what if you could take your Tesla shares
and now you can stake them, right?
Or the Tesla shares are represented by a token.
I can stake the token and now earn some yield
in the form of more Tesla, right?
Like something you can't do in the real world, right?
And that's how you begin to blur the lines
between crypto and the real world, right?
Because now, excuse me, by doing this, right, you begin to
earn yield against this thing. You can make this asset productive while you're still holding it,
right? What happened to the other side, right? One, maybe it's in the lending market and getting
lent out and people can borrow by it and you're earning yield, right? Maybe it's into an LP pool,
right? And you can trade against this thing and you're earning fees that way and fees in the
form of Tesla. And so there are many ways under the hood right for you to make more money on this asset or accrue more accrue more tesla but to you it's just staking right if you want to
lend out and borrow and then go gamble on shitters you can do that too right that's the ultimate
idea right is you can kind of see in this example that like today there is no concept of staking a
token right or staking an equity right and earning more of that right in crypto we do it all the time
right it's a natural part of this thing right that's what we wanted that's what that's a it's a hugely uh very common use
case right so that's going to ultimately what this is right and that to me is what ultimately
brings people in to crypto right you want to take things that are accessible that things are
understandable and things that are different right excuse me and things that people people
already know how to interact with equities but you have to change them again to fit the form
and take again one it's not not only to fit the audience,
because again, we understand no staking.
So if you told someone you can stake your equities
on chain, and the crypto native audience just knows
what to do exactly, you don't want to explain it to them.
That's something we understand and get.
So you want to format it for the audience.
That's the first piece.
But not only that, it becomes a great bridge in, because now someone who's completely off chain or doesn't know anything
about crypto, right? Can come in and recognize asset and understand, okay, great. I know what
Tesla is. I know what Tesla shares are. This is great. I'm open to it. But if that's it,
why the hell would anyone do it? I could go buy Tesla shares now on Robinhood, right? Or on Coinbase,
right? So that's why you have to make it better
and make it different, right?
And make it something you can't do in the real world, right?
And when you tell someone in the real world,
well, if you're really bullish Tesla,
if you're just sitting there holding Tesla shares,
what's the point, right?
You should be able to do something
in what we can call crypto, you can stake it.
You can earn more Tesla passively while doing that
because you're making it productive now.
Now it's something you can't do, right?
And now people, if you're already bullish Tesla, like it's something you can't do right and now
people if you're already bullish testing like well shit man i should i might as well do that like i'm
not doing anything today right so i should go and figure how to do this right i can jump through the
hoops download metamask or download phantom or whatever figure out this fucking wallet situation
and try and make this whole thing work and now that you have access to this thing they're going
to get excited about so that's how we think about it and it's a very small example right but it is an example of how when the world becomes tokens right the line between crypto and rwas blend together right and
not only that the accent itself gets transformed by becoming an on-chain thing that's why today
right when a lot of these rwa projects or rwa use cases end up resembling the TradFi thing.
It's not to say it's bad.
Those are fine, right?
Again, I can access Xfinity or PG&E or Conco or my bank on my phone today as I would on the desktop.
It is a carbon copy of the real world put on chain, right?
But into new technology.
But that's not how you lead, right?
And that's not the first use case.
That's why a lot of those projects, right,
initially had trouble adopting things.
And that's why the last cycle we had things like Maple and Centrifuge and Goldfinch,
great projects and great friends of ours, right?
And we've learned a lot from that.
And we still work with many of them today.
But that's why that first wave, right?
Those folks that pioneered a lot of this for us, right?
Those folks had trouble with the use case
because they brought a trackify use case
to the rwa excuse me to the crypto world right but the crypto world wants crypto use cases right
and so nobody you know the question is always like how many people here actually kyc gone through the
whole process qp'd and made eligible to go buy o usg right on those t-bill product right or to go
buy biddle or to actually use these
things, right, and the answer is always zero. I have never done it either, right, because who the
hell wants the KYC and buy this thing? I can already get it today, right, I can just go buy
DAI if I want access to the treasury today. I can go buy DAI or USDS or whatever, right, and get my
STI, and I'm staking up earning yield that way, right, it's the exact same thing, and that's another
great example of it happening right in front of our eyes, right?
DAI today has SDAI or now it's USDS, I guess, right?
And you can earn yield against these things,
treasury yield, but it feels like crypto.
It's just a stable coin.
I stake it and I get more yield.
And that product has hundreds of thousands of users, right?
Whereas Biddle has 50, you know,
and a very different profile.
So anyway, that's how we think about this.
And that's why this is important.
Okay.
Okay.
So my next question for you, right?
How is Plume different from other solutions out there?
For me, it sounds like we are the turnkey solution, right?
But what does that feel like for the users?
Like, if I'm a Brazilian, okay, maybe not a Brazilian, if I'm a Chinese uncle, right?
Or like a DeFi DJ, how does Plum make my life easier?
How are we different?
Yeah, totally.
No matter what you're trying to do, right?
If you're off-train, look, at the end of the day, I think what we do is this. We build a bunch of tools and software and technology to make this easy for end users, right, and anybody in crypto to get access to the real world, right? The way I think about it is this, you know, what is the RWA story today? What do most people think about when they think about RWAs right it's a lot of just very tragic stuff
right you think about maybe t-bills right maybe it's a black rock thing right maybe you think
about sort of wall street right and banking and all these kinds of things right that's not what
we're doing right it doesn't mean that we don't have that right we've raised money from many of
the best ones out here we've talked to them we have many of them as partners and they're great
and we you know we work with them all all i'm saying is that's a small part of what we do.
Right.
And most people are only focused on that.
What we want to do.
Right.
You know, I think, you know, again, we, we, our team comes in crypto.
Right.
And so we think about this in just a more crypto native way.
And we think about this in the way that we would, you know, we would want to use it ourselves.
Right.
It's not about going to TradFi or going to Wall Street.
I never think about TradFi or Wall Street in that context.
You know, you know what I do do though is, know we i used to play a game called uh farmville
right and we used to always play animal in coven i played animal crossing right um and when i was a
kid i played the sims right exactly and what do we do with these things right you click buttons
right you have a screen it's a visual thing where you can see a plot of land.
You can see a world and you can begin to build your world that way by clicking buttons.
You can interact with your friends that way, right?
You can build your garden, right?
You can sort of farm and earn points and all this kind of stuff.
You can trade.
And like, you know, when I think about, you know, Farm Go Animal Crossing or whatever,
like ultimately I clicked buttons, right?
And you began to build this sort of empire for yourself right um and you ultimately had you know in the sims you could own you know
like roller coasters and have a corporate building and then you know or maybe like own a farm you know
and then maybe have some oil wells or like horses or whatever it is right but you clicked buttons
and if you did it right that would continue to grow and become larger. What we're trying to do, right, with Plume
is build that exact same thing,
except the one difference is in those games
when you clicked buttons, right,
they just produced more pixels on the screen, right?
But because we have the blockchain today, right,
and we have crypto, and you can,
that's a portal that basically turns these two things.
So now, right, when you come to Plume
and you click on these buttons, right,
you're actually doing the exact same thing,
except this time when you click a button
to sort of buy a house,
instead of just like, you know,
producing a sort of digital house in Farmville, right,
you're actually owning a real house
in the real world somewhere now.
It's producing real yield and real dollars
and real cash generation, right?
That's the idea.
We build this tie in this portal to the real world, but make sure that it's easy to use and interact with from a real cash generation, right? That's the idea. We build this tie and this portal to the real world,
but make sure that it's easy to use and interact with
from a crypto native perspective, right?
Where I click buttons and things in the real world move, right?
I'm able to buy things, I'm able to swap,
I'm able to rotate things, I'm able to make them productive, right?
And it comes a sort of remote control, right?
For the entire world through this screen, right?
And the UI is different.
It's not the same thing.
It's not an avatar where I'm walking around and doing my thing, right? the ui is different it's not the same thing it's not an
avatar i'm walking around and doing my thing right although you'll see when mainnet comes we do have
things like that as well right but like the idea is really to sort of make it easy for people to
interact with the world and so how does that make it better for the average person right it means
anybody in the world now can access anything in the world on chain anytime right that's the idea
right and it's not even just buying things right this is
about understanding and having access to any suite of things around the world right so you know we
have all these things and so you know rwc often gets lumped into like oh i can go buy this house
now somewhere right that's not what anyone thinks about you know i've never thought about buying a
house in mexico or the philippines or i i have a house you know like and like i live in it and
that's it you know and maybe over time I can have some investment properties or whatever things like
that right but it's a different thing you know versus you know what everyone does though
is everyone has opinions about the world and usually in financial terms right you think that
hey look you know I think that uh um you know Americans like going to shit or Americans going
up who knows right we think these things are great or Americans going up. Who knows, right? We think
these things are great or we don't think it's good, right? Or you think maybe this particular
thing in pop culture is good or bad, right? You think like Dua Lipa is like having a great moment
and it's a lot in front of her. It's going to be great. Or you think it's not going to be great,
right? And it's going downwards, right? And so, you know, today there's no way to express these
ideas, right? And so all we want to do, again, is you want to make it easy to interact with World Unchain.
So what do people do today, right?
You probably find some proxy for it, right?
Or you can flip up a deck screener, right?
And try and find the latest, you know,
the latest contract for some shitter
that is related to this thing, right?
But that's not how we should be doing things, right?
Again, if you look at WorldCoin today, right?
WorldCoin today is a representation of Sam Allman.
It's a very useful product for some,
but at the end of the day, the token is a representation of Sam Allman.
So if you wanted to speculate or have exposure to Sam Allman,
who's the founder of OpenAI and the founder of WorldCoin,
you could just buy the WorldCoin token.
And so you can see how WorldCoin tracks
exactly the same moment news.
When SAM gets fired from OpenAI, right?
The WorldCoin token dumps.
When he gets rehired, it pumps, right?
When SOAR 2.0, the new language model comes out,
it pumps again, right?
And so you can see how the tracks exactly the same,
because that's what people want.
People are dying for a way to use and interact with the world.
They want sam exposure
but they don't know how to get it the only way we can is the world quote today the problem is
it's a very messy way to get same exposure you have to go through world coins like a whole thing
you should just go get direct same exposure right and same thing with nvidia right nvidia today right
is really with broad ai exposure right if you're bullish ai you just buy nvidia right for many
people right you don't have access to open ai's it's like you don't have access to a GPU somewhere, you don't have ability to participate in AI in
other ways, right? Even the other day, Studio Ghibli, right? Like, if you saw all these images,
you should have been long AI, or you should have been long Miyazaki, right? And so all these things
together, in a really, really kind of showcase that people are trying to interact with the world in all kinds
of ways, both speculative and both fundamental and foundational, right? We're earning yield,
you're doing real things, or you're just trying to play around and have a good time, right? And,
and, and, you know, speculate and make, you know, make calls in different positions on what's going
on there, right? And so that's what we want to do here, right? We want to make it easier for anyone
to understand how to do these things and how to, how to sort of take the road and put it on chain and
again it's not just by taking the asset and putting on chain we can tokenize concepts right we can
tokenize all kinds of different things and the idea again we're very focused on this thing on
this net new use case right we can do the same thing that we do in the road on chain day on plume
it's for sure going to be a thing but But the interesting thing that I think that's going to make it more fun is the net new use case.
Tokenizing things like Chinese food, as an example,
or chow mein.
If you think Chinese food, I've for one's worth
thought I always think that every culture's food
has a moment in the sun across the whole world.
For example, Mexican food several years ago
became a huge whole thing.
They had a moment in this Mexican food to every every country now right um and then you also remixing
and so i've always thought like chinese food's gonna have its moment of the day we're gonna
like put chinese we're gonna put like chow mein into burrito it's gonna be huge right and that's
gonna happen like you know you should have a bet on it and speculate on it right in some way and
say look i'm just gonna love long chinese food you know but there's no way to do that today right
um in a clean way right and so it's not only just taking things like tokenized stocks, tokenized equities, right, or art or cars or watches or wine or whiskey, all these things.
It's not just about putting it on chain to make it useful, right?
But it's taking even ideas and concepts and things that relate to the real world, right, and pulling those things on chain as well.
And again, putting them all into the form of a token right and a crypto native ux right you
should be able to in that box that we all know right the swap box where you take one token and
you swap to another and you and you put you hit yes or no right um or the uh the one second or
one minute charts right where you're looking at a chart going up or down left right and there's a
put uh there's a long short and a leverage button that's the interface that we know and that's what we're familiar with right in crypto
right if that's how we do things we should take the entire world and put it into that so no matter
what i want to do i can come in and swap for it no matter what i want to do right even on swapping
i can just take it a huge level longer short on this thing right and that's how i want to make
this thing work and that provides way more dynamicism to crypto but allows people to do things you could
never do before right and when there's new tools a new way to access things and new and new uh
primitives in the world for people right generally people make and create awesome things and do new
things that you couldn't do before right again the stablecoin is the perfect example by simply
putting the us dollar on chain and make it useful for cryptonatives right the u.s dollar itself has been able to go all across the
world and help so many people in so many different ways right especially in places where your
currency is unstable and things are going up and down you're unable to hold value right um
we really make it easy through just a stable coin now you can swap into the u.s dollar in
a way you couldn't do before right the stat I always use there's um turns out there's more hundred dollar bills US
dollar bills uh outside of the country outside of the US in pillowcases right or under the mattress
or whatever right there's more of that than there are single dollar bills in the US in circulation
right meaning the US dollar hundred dollar the hundred dollar bill in the US is for a lot of
people, the way to hold value and the way to actually, you know, hold onto money and keep
things safe. Right. But it's a piece of paper. It's hard to access, it's hard to hold, it's
dangerous. You should just be able to, again, you know, go to that screen and swap in and out of
this thing. That's the UI that we care about. Right. And that's the way we should do things.
That's how crypto is great. So anyway, I'll stop i'll stop there yeah no i love that i i do love how the way you make it sound
plume is honestly just that let's just cut the noise you want to you want to bet on taylor swift
or snoop doz next door fuck do it you want to tokenize a skyscraper that's fine you want to
farm yield on a on a pokemon card which some people on our team are
really into pokemon i only found out of it recently right so while everybody else here is kind of
trading on sam altman's employment status we're here to make it so you can actually trade
the actual world right and just permissionless like you said open just just way more fun honestly um exactly yeah so like kind of
diving into the next section here i i first off i kind of want to hear you to hear you geek out a
little bit on the tech you already mentioned skylink and stuff earlier right like the man's
arc and we have nest and we we have like a superhero like full stack set it's almost like
a super routine for rws i love you vendors but like chris you know what is the secret weapon that you don't think that people
talk about enough for for us right yeah totally and i think look part of the reason why we don't
talk about as much as at the end of the day right what we care about is the use case we care about
you know the the way the thing i always think about is the individual case. We care about, you know, the way, the thing I always think about
is the individual person,
right, whoever they are,
anywhere across the world,
using these things.
And if that's the case,
you shouldn't really care
too much about this stuff.
And so that's what we focus on
and this ends up falling behind.
But like, the next is very important, right?
And if we do this right,
all this stuff also comes to service
because this allows us to interact
with RWA's in a new way.
So I'll get to that in a second. the starting point is right a full stack rw chain
means that not only do we have an evm chain that we then customize to make it useful
excuse me and fit it for rwas we build tools and software around it to make it easy right
and i always think about it this way right what we've built is a machine that converts the real world right into tokens again right and by the top when they turn into
tokens they land on plume right on our chain itself now this machine that turns things into tokens
starts with the actual tokenization right that's what we do right that's what we do right uh that's what arc is right arc is our product that um it's really
more asset issue we're facing right but if you have some asset right maybe it's a you know
cars or pokemon cars or equities or whatever and you want to put this on chain right think of arc
as a conversion engine right i put this thing in there right it'll walk you through the steps
right in a very modular straightforward easy way it's a very complicated thing, mostly, right? It can be
very expensive and very tricky, right? We've done this in a bunch. You can do however you want,
but we make it easy for you to come here, right? And take this thing and put it into crypto and
turn this into tokens. That's what ARK is, right? We also work with all the other tokenization
products out there as well. There's many of them, right? And they're all great for their own reasons.
It's a huge market, right?
We built ARK as a way to complement those things, right?
Because there's so many use cases, right?
But we're always happy for anyone to use anything they want.
If you want to use, for example, Securitize is a very popular one, right?
The problem with Securitize is it costs a tremendous amount of money, right?
$7 million, $8 million to use it, right?
So that price is about 99% of the market million, $8 million to use it, right?
So that price is about 99% of the market.
So if you want to use Securitize, go for it.
They're partners of ours, we love to use it.
We love to work with them, it's all great, right?
But if you can't afford it or you don't want to
or there's other things out there, use it.
We give it to you for free and again,
this is for us building tools to make it easy
for the community and the world to do things, right?
That's number one.
Number two, the thing that people forget a lot
is once you bring an asset on chain, right? You have to bring the data do things, right? That's number one. Number two, the thing that people forget a lot is once you bring an asset on chain, right?
You have to bring the data on chain, right?
About the asset, right?
If you're bringing real estate on chain,
you've got to be able to sample and pull the data
of the price of that asset over and over on chain, right?
And it turns out the existing oracles
are not really optimized for that use case.
They don't do that very well today, right?
And so it doesn't mean that that's bad, right?
And we don't work with them.
Again, a lot of them are changing and doing things.
You know, we have friends,
our friends at Chronicle who just raised 12 million, right?
Very, very strong folks.
We have our friends at Chaos, our friends at Cedar,
our friends at eOracle, our friends at Chainsight.
All of them are beginning to do a lot of stuff here, right?
And so we're really happy at the time,
but similar to Arc, right?
What we do is we focus on making sure it's easy to access that on chain right and
we build some tools to also pull the robot data on chain right and so you can use both so if you
want to gamble and you want to do anything on plume right you can do two things one i can own
the underlying asset right i want to buy this pokemon card right i want to buy this charge on
great right some of the other side can go there
and own the card tokenize it turn into a token and now i can purchase it and buy it on openc or
magic eden or like on blur or whatever it's right i can swap into this thing right the other side
of it is if i wanted to take out like and then the other side is like if i if i wanted to take
out like a you know a position on it i want to level i'm just bullish on this charge i think
it's going up right logan paul is going to do another boxing match he's going to talk about it's going to go up right if we're going to do that right i can also just take out a position on it i want to level on i'm just bullish on this charts i think it's going up right logan paul is going to do another boxing match he's going to talk about it's going to go
up right if we're going to do that right i can also just take out a position i can just you know
go to go to my favorite my latest purchase next to go to cultured or any of the ones that we have
right and you can take out a 20x level on it right and they can say look like cool i think the chart
i think the sort of relevance for this is going to go up they just push a button make it happen
that's what nexus does empowers right and of course those things are mixed together nexus also helps bring the data
for the underlying asset for the oracle as well if you want to own the underlying but you can do
both right and that allows this world to come into play in a much more simple way right it's um the
reason why it ultimately will become important and we hope it's important for everyone as well
is because today when you want to build in the rwa world right one of the
great things about crypto and the regular crypto world is anybody can build anybody can do anything
right today if i want to access and build some um build some new protocol i can't i push buttons
and i come in here and i can do that no one can tell me yes or no right just like the tokens are
permissionless building is also permissionless, right?
And that's why you have this innovation in crypto that outpaces everything in the real world.
That's why in the real world, when you have all these regulations and all these rules and all this nonsense,
things like healthcare, things like education, things like transportation, all these things still feel like shit.
They still suck because there's so much root.
Nobody can build. Nobody can fix it. Nobody can make it better, right?
Only a certain set of people can do that right but in the digital world right when you
can do whatever you got to do we've seen the pace of things relentlessly change because if somebody
hates something or wants to make it better they just do it right and that could happen anywhere
anytime all the world from anybody right so you have someone who's 12 years old right in the
middle east or something right who's just like you? Fuck this. I want to make a better version. And it's there
tomorrow, right? And if it works, everyone uses it. It's incredible, right? And you see the same
thing in crypto, right? And for the first time, by tokenizing everything, right? We allow people
to take these things and change them and make them better, right? And do whatever you have to do.
This permissionless innovation is a huge unlock, not for but for the entire for all society right and the problem is today when you
want to interact and build with rwas you can't really do that unless you have the asset right
you get the first tokenizing thing right if i wanted to change it i want to build something
that involves real estate i want to build something that involves pokemon cards i want to build some
that involves equities you know i have to first go through this process of actually bringing this
whole thing on chain, right?
I actually go and go find someone
who's got a bunch of Pokemon cards
and is willing to do this
and willing to go through the process of custodying the asset
and making it reliable and holding it
and putting it on chain and making people buy it.
It's a whole process, right?
So I want to bring real estate.
I got to go find someone with a bunch of houses
who want to put it on chain.
It's a whole thing.
You can't actually build an RWS.
That's the problem unless you have this asset.
And that reduces the universe of builders
from this huge pool, anybody in the world,
just like in crypto and software today, down to nothing.
Right?
And usually with all these assets
are not really engineers either, right?
Or they're not builders, they're not people,
they don't understand these things, right?
So it really, really limits and it creates,
it's an adverse selection problem, right? And so what so what we do right is by building these tools as well we hope to make it easier for anyone
and any anyone to build and come and interact with these things if you have an asset just come here
click buttons put it on chain into tokens right if you want to as a builder then on the other side
i should have a broad array of tokens that represent real things that I can now fuck with and do whatever I want, right? Or two, if it hasn't been tokenized, I can
come to Nexus and pick data feeds and just choose what's going on here, right? I want to be able to
interact with, you know, I want to be able to create an index that tracks the popularity and
sentiment of America, right? And the simple examples, what do I mean? I need GDP, right? I
need crime rate, I need CPI, I need sentiment, I need news, all these things. I come next, I pick a couple of things. I weight them in different
ways and I create a chart against this thing. And now you have a line that goes up and down
the tracks to my opinion of how the world works, right? And that allows you now to build something
that represents the real world, right? Just by using your knowledge without having to build
things, right? And that ultimately takes so much of the world and puts it on chain and then begins to, again,
open this panel, right,
for people to initially build and innovate against RWA.
So that's what I think is really important and exciting about this.
We're going to continue to build a lot here, right?
And today, again, we focus and I focus a lot on the end user.
How do we make it easy to use?
But over time, what we want to,
we'll probably expose more and more of this to people
because we do want people to begin to experiment and build and do whatever they want right and and
that will really you know um you know increase the amount of animation in our debates by an order of
magnitude uh so everything you said number one i love it but number two i'm kind of it's just so
funny how i'm just hearing about like your example the charizard everybody claims they have that first
edition charizard they pulled when they're a kid right they're like oh i had one i promise i had
one right and but just to hear you say that like we tokenize in a few clicks nexus proves that it's
the real deal and the fact that you you gave an example taking out like a 20x leverage long on
like your own
charizard it's either like the most genius thing or like the most degen thing i've heard like all
week and honestly i love it i do i really do love it um so kind of moving into the the next section
here right with our partnerships and the traction that we we have we have a lot of heavyweight partners
on this you know we have like goldfinch solera easy labs otherwise known as like binance that
rebranded recently you know is there anything that has made you like particularly do a fist pump
uh recently or anything like that i a lot of the goons are always excited right like we have one of the strongest communities
out there but like which one absolutely you know made you feel like yes i mean
two things that i was really excited about for what it's worth um maybe a couple things um but
you know one of them i was really excited about was um was working with goldfinch um you know
because one you know we've seen um you know we we've we've done goldfinch forever
you know when before we started doing rwas you know i looked around and looked at a bunch of
different projects out there like goldfinch was one of theirs that sort of led the way and pioneered
a bunch of stuff in rwas right and so it was just an honor to get to know them and and and learn
from them and see what they were building so that's one i was really excited about right but
number two right is then also seeing what they were doing right and seeing how that our sort of vision and our approach and
take on the world had aligned and we have a very similar take on things and so not only just like
you know for us and also goldfinch of the bird plume we have bird logos right it's like it's the
easiest thing in the world right both of us you know we can we should definitely be working
together because we're just two birds in rwh right but like even more tangibly right on the gold frame side things what
they're doing now is they built a way to permissionlessly access for the retail community
any single thing that happens in our in the real world especially relates to these huge
huge asset managers right they have things like you know the apollo private credit fund they've
got aries private credit funds right these are? These are the biggest asset managers in the world, right?
And the reason why that's important is that these assets generally, right,
are safe, stable, liquid, and high yielding, right?
You know, doing things in RWS can be tricky because if you don't know what's on the other
side, right, it creates a, it's a trust thing, right?
You don't know, is it really there?
Are you going to get rugged by it or not, right?
That's why we invest in two stablecoins today.
You have Tether, and you've got USDC for the most part.
There's many others now that are becoming very important as well.
But that's why the basis of this is because we trusted them
to a degree.
Shout out Tether.
And so like, but they never let us down.
And then we ultimately did trust these.
And that's how you have to build these things.
And so for them, they're starting with these.
Well, let's find these places that we know
and we can use their reputation as a proxy
for the quality of the assets.
So you can do it from there.
And so we've just found them to be both like,
I think the asset itself is really exciting.
To be able to hold,
one of the largest asset managers,
the strongest asset managers in the world,
and be able to hold their asset through crypto and through a permission through Goldman, is, I think it's a huge problem,
is a huge thing, right? Of course, the next one, right, is a combination of two things. I think
layer zero plus, you know, really ultimately Binance, you know, and Binance and YCI Labs,
you know, the story there is very simple, right? Again, going back to that first statement right our orientation is to grow crypto right we
want to make crypto as big as possible and we think one piece of that is rwas right i wanted
to be as many tokens as humanly possible but do all kinds of stuff but one part of us we're not
rwmax in that bloom right that's the one thing you also see right we love rwas right at the end
of the day it's about everything we want rw and Crypto to live and coincide and be used simultaneously, right?
And so Layer Zero, both of these are investors and also partners of ours, right?
But from a Layer Zero perspective, you know, they were one of their early partners.
We're also one of their first investments out of their LZ Catalyst program,
which is just how they invest in promising ecosystem projects.
But, you know know from there we
built this this project called skylink right and this product studio called skylink which allows
us to connect to all the different ecosystems right again there's 17 of them on day one that
we're working with you know folks like the solana folks right shout out salon to the great ecosystem
and great team and great project right and now if you're on solana you can get access to real yields
through plume right you can also get a Plume token as well, right?
To just show that we live and use this stuff all the time,
right? So that's the first piece.
Number two, right, is not only just being able
to connect Plume to other things, right?
The reason why the Binance, you know, investment, right?
And the YCI investment is important
is because it also shows our commitment
to other ecosystems, right?
And other regions, right?
Binance is heavy and strong in Asia, right?
They've got the BNB chain, right? also um you know it's it's one of the biggest uh sexes in the world right um and
so you know through that relationship you know we're really you know working with you know again
the leaders in all of crypto right not just not just um not just in a particular space right and
helping shape the future of what we can do here, right. So Binance is both very strong
from a, you know, from a, excuse me, from a, from a sort of financial perspective, right,
and so there's a lot that we can do there. They have a ton of influence and access to projects
and a lot of influence in certain regions as well, right, and so, you know, partnering with
them, right, both bringing yields to places like BNB or Binance or whatever it might be and allowing
those folks to access RWA's, but also to have them bring their assets to us as well, right? And the users to us and
ultimately have Plume, you know, able to be interacted with through that ecosystem, huge,
huge stuff. So, you know, those are huge distribution points for us in partnerships,
where again, it shows the core principle for what we're doing, right? It's about growing crypto
and bringing this everywhere versus just trying to bring everyone to our little ecosystem, right?
In our world, right?
We're trying to make it easy to use and interact Flume all over the place and grow all of crypto.
Because if we do this right, all of crypto grows.
And then Flume grows massively as a result as well.
But we all win, right?
Versus it being focused on just us winning.
I love that.
I love how everybody's part of this journey.
And I genuinely think that that mentality goes far in a space like this. Everybody working together really builds a much brighter future. plume headed chris you you you gave me some great examples earlier about like the you know future
facing thing so like let's let's just like let's just narrow it down like in the next year right
like the next year where's plume headed where do you see it in the next one year three year and
maybe five years because five years in crypto is basically equivalent to like 50 years right so
um what what are your thoughts anything you could share with us yeah totally look I think um
I'll go back to the principles then we'll go back and then we'll talk and then we can dive
into something more tangible that's useful right the core principles for plumer to grow crypto and
to blend the real world and crypto together but we think about right? What we want to do is we want to turn the real
world into tokens, right? And so there's multiple steps and phases to that. But ultimately,
right, I want to make it easy. And we want to make it easy for everybody in, in, in crypto to
be able to click buttons and touch and interact with anything they want that comes from both,
excuse me, the real world, right, but also crypto stuff and bounce back and forth seamlessly
between that right and follow the behavior we all do today right i can live in crypto and i can go
outside do the things i gotta do at the same time right and also have these all blend together it's
all one world that we live in right so that's what we're trying to do now how do we actually do that
and what are the things coming up it's number one we need to get the main we need to get made
in chain out right and so i know people are asking i'm asking every day too trust me um
and i ask myself in the morning when and i just look at the ceiling and and uh you know before we
get to work and we get it done right but there's it's it's right around the corner you know it has
been achieved internally we're working on it right now we're going to push it out soon but step one
is that right step two is we need to actually begin to you know bring these assets on chain
and turn these things into tokens it's a lot of work unfortunately to make this stuff happen
both asset classes like the things you have on here things like collectibles shoes watches wine
whiskey art whatever it is alternative assets right things like oil gold solar um uranium all these different types of things as well right
things that are emerging categories that are very powerful and then also three is like traditional
financial instruments right you get equities bonds t-bills you know uh private credit those
types of things corporate debt sovereign debt whatever it is right these are the types of
things that we're bringing on chain and working with so many people in the community to help do right um and so the first step is bringing these things on chain
and you think of this as like a machine that turns all of these icons into tokens that's what we want
to do that's step one right and because there's so many things in such a broad array of things
right we have to do these things in pieces you know we can't do it all at once, right? It's too much, too much to consume.
Ultimately, you want it to be successful
because you want the people who are issuing these assets
to find success on chain first, right?
And you want, because that creates more value for them
and then allows them to go out and tell other people, right?
And continue to grow that, right?
So that's what's so important for us.
And so we're going to do this in phases.
We'll probably start out with one category, really go deep and broad right i just need to go deep there and then we
go to the next one and go to the next one right it doesn't mean we do them 100 parallel we'll have
all of them at the same time again plume is a permissionless open ecosystem you can do whatever
you want right and that's how i want it to be but at least from a support and a go-to-market like
how we how we how we see the shaping out is through that right so we start with bringing things on chain right and just being bringing sort of normal
usable you know familiar things right but with an rwa five twist meaning i can now put it into a
lending market i can loop against this thing i can take out loans i can put i can stake it i can put
into a swap right and an lp into this thing and earn yield against it right and allow you to sort
of access normal things but again take equity so i can bring on you now i can stake it and earn some more right
that's the simple idea let's bring regular things on right so you can access this now through a
crypto native ux without having to do kyc a bunch of nonsense right although you can do it if you
want to and begin to get a little bit of extra juice on it right stake and learn from it you
know excuse me um earn yield and do other things from it right number
two right is once we have that right we can begin to really expand the types of things that we do
right so it's not just financial instruments it's not just like classic stuff you're familiar with
because things you're not familiar with things that are net new right you ever wanted to like
own a camel right or participate in like camel racing through through the internet right i
remember a couple months ago we were all racing hamsters on chain.
I don't know if you guys remember that, right?
Like we can do this with camels now, right?
Or we can participate in uranium,
you want to bet on that.
Or if you want to like own a solar farm somewhere,
or you want to own an oil field, right?
And be able to earn yield that way, right?
Because you're bullish on that particular thing.
You should be able to do that, right?
Or you want to own this fancy watch
or be able to, you know, you want to spec on this,
like this barrel of whiskey or whatever, all those things. Right? So like able to do that, right? Or you want to own this fancy watch or be able to, you know, you know, you want to spec on this, like this barrel of whiskey or whatever,
all those things, right? So like that's step two, right? Really expand the set of things that you
can interact with and continue. And that's a journey that will take forever. Like there's
always going to be more stuff that's going to constantly bring on chain, right? But at some
point when there's a broad mix of things, right? You have a good ecosystem of projects, you have
a really sort of broad array of assets, and you have a really ecosystem of projects you have a what you have a really sort of broad array of uh of assets and you have a really strong community across all these different things
right what we really want to lean into now is core primitives right um and financial instruments
right and different types of tools that then blur these two things together right number one turn
the real world into tokens. Number two,
bring a bunch of crypto native things in as well. Number three, find ways and tools for people to
glue these things together and create new things, right? So for example, a very simple idea, right?
You know, there's something in the real world called term transformation, right? And it's
incredibly boring. It doesn't really matter. But what you can do with term transformation
is you can take something like private credit, right? That's a longer duration thing, meaning you're supposed to hold
it for three to six months, maybe longer, right? Which is a long time in crypto. I don't like
holding anything for more than two hours, right? Let alone six months, right? That's why those
things have trouble with crypto. But with term transformation, you can now cut this thing into
a trillion different tokens that represent each minute of that particular thing. And you can bet
on that and you can spend it and hold it based on that. And you can now cut this thing into a trillion different tokens that represent each minute of that particular thing and you can bet on that and you can spend it and hold it based on that
and you can now customize things to your own preference right that's an example of one tool
right another thing is called structured products right structured products means you can build
multiple different things and turn it into a single product to consume right for example the
s p right um or uh or the dow jones or these these are like or like some new private credit thing
right some a lot of these private assets are like some new private credit thing right
some a lot of these private assets are like 10 assets under the hood right and they put into
one so you can consume it they've done a lot of risk management balancing and all those things
up together right another example is make it easy for you to create new products that are structured
of all kinds of things right so maybe you want a little bit of um a little bit of this like rare
art because you know it's going to appreciate in value right maybe you want a little bit of this like rare art because you know it's going to appreciate in value right maybe you want a little bit of stable coins because you still want some um some like yield
bearing t bills right maybe you want uh you know we're really bullish on uranium because you know
we think nuclear is becoming a thing owning uranium is a good idea right and maybe you're
really bullish also on um on on eth still right um and you want to earn some that restaking yield
right you can now build and put all these things into a single box
and now hold one token that represents all of that.
While you're doing that and have this exposure, this customized exposure,
you can still go to a market, take a loan against it, right?
Go do other things.
You can put into a lending pool, right?
You can then put it into an LP pool, right?
On a swap and earn passive yields from it, right?
All these things, right?
So these are new products, right?
You can also create and mix and match
with things like insurance, with things like term transformation,
and things like.
And you take the Pendle experience that we all know today,
which yield stripping, Pendle's yield stripping.
And by doing yield stripping, we're
almost to really create a new experience
on encrypted today.
Through Pendle, you can really lever up your exposure
to things very quickly. And that's been able to create a huge amount of wealth for people and it's been
really fun for us right that's one tool we can do and there are 50 others that we're going to
introduce that sort of when you combine the specular nature things with real things plus
tools like pendle you create a very powerful ecosystem where you can really see a lot of many
products and yields and all kinds of activity like skyrocket 50, 100 times.
And so that's what we want to do.
Turn the world in tokens, starting with normal things, then everything.
Right.
Second is that bring a lot of crypto native experiences in.
Right.
Shitcoin launchers, you know, and it's all kinds of stuff.
We have a bunch of those as well.
And then you build tools and glue to put all those things together.
Chris, I was fucking fire.'m not gonna lie we are coming to the top of the hour and honestly i i think you painted a very beautiful picture of finance a lot like a mad scientist really um
but you know what you're doing right and from everything we've talked in the last hour from
from tokenizing pokemon cards to turning my fantasy real estate into defy logo you know
defy legos you've honestly you've shown here today that plume is not just building infrastructure and
that we're here your vision here is to build a whole new playground right where where money
assets in the internet all collide and i think the craziest part to me is that we're not even
at day one like technically if you want to count this is like day one like this is this is just
like ground zero right and to everybody here that's tuned in we have over 10 000 viewers i don't know
if you know that chris uh none of that right yeah like our legendary
goons right like you guys are kind of the reason why this rocket ship is taking off like every meme
every alpha thread every time you explain rwas to your skeptical cousins every time you do any
of this you're pushing this movement forward for us and honestly i genuinely think the world's
going to wake up to what we're building and And when they do, we'll be miles ahead.
Right?
So is there anything that you want to close out, Chris,
before we end the broadcast here today?
Look, I think the one thing I just want to say,
I'm incredibly grateful and appreciate everybody spending time with us today.
And not only just today,
but throughout this entire journey of us building Plume together.
Right?
We've always said from the start, Plume is about the people, it's about the community, it's about our ecosystem, right? And we're here
all together to grow crypto together, right? Every single tweet, every single mention,
every single thing that happens in the real world around Plume, all is because of all of us here,
right? And so, you know, we couldn't be more grateful for the community that's built around
Plume, right? And the excitement that people have for some of the stuff and also the hate you know we're fine we'll
take it you know like you know we've done a bunch of things wrong here and there we're like we're
really uh you know we're open to hearing it we want to change things as well things don't go well
right but overall like i just say you know we're incredibly excited for what's coming
you know i think if you look at the world today it's very clear that RWAs are one of the only and most durable
narratives in all of crypto. There's no doubt in my mind, but also if you look anecdotally
at the charts, right, and look at a fundamentals, not token charts, but look at the fundamental
charts around RWA growth over time, it's only gone up for the last 10 years and it will
continue to go up, right? And despite how shitty the market conditions might be or what's going on, these things continue to grow.
That's why this is important. Right. We're going to continue to build and continue to grow and expand.
And not only that, at the token level, like, you know, also RWA token, the general category has been holding up well as well.
You know, and so just to say that, you know, it's really it's really great to see the excitement for what's happening and what what everybody is doing here right and what we're hoping to do
right is very simple we want to turn the real world into tokens we want to make things usable
for crypto people we're focused on crypto in the community we are not building right wall street 2.0
we're not trying to just let you access the real world on chain we're not trying to just do
a bunch of random stuff and carbon copy the tradfine world on
chain, right?
We want to make it easy for all of us to interact with the world, to have a good time on chain
and build a new future together that takes the world and crypto and combines it into
one thing, right?
And so today, it is a little bit, let's take something that happens in the world and put
it on chain.
Tomorrow, once that's here, we begin to blow the lines.
We begin to create something net new.
And what we're excited about is all of us together
can really create and build new things
that we've never thought of.
And that's when this thing is really gonna sing
and be a ton of fun.
So, just incredibly excited to have everybody here.
It's been 15 years or 10 years now
to bring $3 trillion of assets on chain, right?
And to grow crypto the size of this day, we have over $1,000 trillion to go, right?
So we are nowhere, and we're still very, very early.
And there's going to be ups and downs, lefts and rights, you know?
But there's very one clear direction.
If you zoom out on any timescale, right?
I'm watching things in one second because I always do that.
But if you zoom out any timescale, 5, know 15 minutes and hopefully ideally into the months and years
it's very clear this thing is going one direction rwas are going to to really come in and dominate
the future right um and live uh and coexist with with us in crypto and so that's the the exciting
thing about what we're doing here and just grateful to have everybody along for the ride
fantastic thank you so much chris and you guys you know you've heard it here first this is
your ecosystem like your wealth revolution right and we're here to make history so be sure to
follow us on twitter at plume network spam those retweets be loud because at the end of the day
the future does not build itself and you have to remember that Plume is for the people, right?
So thank you for your time, Chris.
I appreciate you, man.
Thanks so much.
Appreciate it, guys.
All right.
Have a good day, everybody.
