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RAC FM Chilling wif Shane from Stargaze ✨ P/By Alpha growth.io🦝
Recorded: Feb. 20, 2025 Duration: 1:10:49Space Recording
Short Summary
The discussion highlights Stargaze's growth, innovative features like its NFT launchpad, and strategic partnerships with Interchain Labs. It also covers industry trends such as developer migration from Solana and regulatory changes in the US, as well as technological advancements like the upcoming IBCV2 release.
Full Transcription
Okay, I see we've got circling in, excellent.
I'll just hold the mic a little bit, bro, while I get this sent to one or two people.
Okay, and we'll...
Wait for your man to come in.
Oh, here we go.
Right, let's get this set up, yeah?
Let's get this show on the road.
Guys, if you don't mind, could you retweet out the room?
Would be massively appreciated.
All right.
You've got a mic, yeah.
GM, bro.
GM, GM.
How's it going, everybody?
Dude, can you believe it's been like two years.
It's crazy, isn't it?
The last time we had you on the show,
I went back and I listened intently,
and I was like, that was such a good show.
That's insane, man.
I can't believe it's been that long.
It doesn't feel like it.
I mean, I guess I, because I see you guys around all the time,
so it doesn't feel like it.
We literally kicked off the show with like can devs not slow down and we were all like laughing about it
But it's not actually like a joke in Cosmos. I think that's one of the more like ironic things when I go back and I listen to that and I think you know something when you look at what's happened since
It's crazy
She and so we'll just get B bands in and
As a co-host, B-Banj, I know you were dry in your hair, you've just had a shower, you're a bit late, but we're going to get this set up B-Bans, yeah?
You got a co-host?
Yes, we now have a co-host. Excellent. Snails.
See ya.
Flan.
Seby.
Get this,
the Jeffie,
get this retweeted out,
guys.
Let's get this room filled up.
This is going to be an awesome
sort of campfire chat.
Really looking forward.
B-Bans,
you're going to be a few minutes
while you sort yourself out,
yes?
Is that correct?
Yeah.
So the silence probably indicates
that it's just going to be a few minutes,
right?
Oh, all right.
Okay.
Yes.
Right.
So I'm going to do the Rack FM
introduction.
And then we'll just get into some like really easy stuff while we'll build up the room.
So for everybody listening, good morning, Rack FM.
It is Thursday the 20th of February, 2025.
And this is a very special episode.
It's two years since we hosted our friend Shane.
We're big users of the platform.
We've been big beneficiaries of the platform,
which has been even more important to us.
We feel like we're part of the Star's family.
It's been just such an engaging journey for many of me,
like speaking personally and a lot of my friends,
it's been an unbelievably engaging journey
to watch people, you know, get involved in StarGare's
from the marketing side, create collections.
Shane, I mean, I do want to say GM to you, but the first thing I want to see it here is when I was approaching this interview and I thought, what point do I really want to get across at the beginning?
But what am I taken away from the Stargare's platform?
And dude, you've had a fairly positive effect on a lot of lives is what I want to kick off with you.
Thank you, man. Yeah, I don't know if you got cut off or did you finish what you were going to say or?
Oh, dude, I don't know. I think we might have between you and I, we might have a hot mic.
So I think if I have to talk, I think like in a few talk, I'll have to go on mute.
I think one of us, probably me, he's got a hot mic. I'll jump out back in.
What I really wanted to say, Shane, was I just think you've touched a lot of lives.
Did you think at the beginning of the journey, you were going to, you're going to see this growth of like community and people coming together in this family thing.
Yeah, I wasn't expecting that at all.
I mean, to be honest, it all kind of happened really fast and took me by surprise.
But yeah, I mean, it's awesome to see how we've kind of built this.
independent kind of grassroots community of creators.
That hasn't, like, you don't really see this in too many places, right?
If you look at some of them, maybe the top, maybe two marketplaces,
like maybe Open Sea and Magic Eden,
there's just so much, I guess, activity there where it's really kind of hard to build an organic community.
And also, I guess this is maybe less known to most people, but a lot of these platforms use a lot of market makers.
So when you're trading, you're not really trading against other people.
You're trading against bots.
And when you're training against bots, you don't, it doesn't really kind of...
create a good atmosphere of, I mean, it's just not a conducive environment to creating a community.
So I think that's where it's starting is, kind of really shines.
I mean, it does have its downsides too, right?
Like if a platform that uses a lot of market makers has maybe more volume, more liquidity and stuff like that,
but then you kind of suffer on the community side of things.
So is it straight-offs?
Has it like forged into your vision?
Or has it become this like behemoth where you just try to like keep up with it?
You just try to keep, you know, delivering what you can?
Like has StarGays exceeded your original expectations from five years ago?
Oh, personally, I have very high expectations and is not even close to where I wanted to be.
So in terms of product, I think the product, as it is right now, is really great.
I think launch pad is one of the best, if not the best kind of NFT launchpad platforms that's out there in terms of functionality, in terms of features.
And Marketplace is also
is also up there.
It can easily compete with,
in terms of functionality with OpenCat, Magic Eden.
But we wanted to move much, much faster, right?
So I think the product is good,
but I wanted to do a lot more in terms of interoperability.
So transferring NFTs seamlessly across other ecosystems,
Just having kind of Stargays being everywhere,
that's something that we're also focusing on for this year.
And also there's in in Crypto, you have kind of like the token is also the product, right?
And the token is like another product.
So one thing I kind of want to try and fix in Stargays is that we have,
the product that's doing extremely well, but the token may, you know, might not be doing extremely well.
And it's kind of hard to kind of synchronize the two.
And in crypto, we're kind of in the situation where like you have tokens that are associated with shitty products or even like no product.
that are doing extremely well because, you know,
maybe they're connected to,
maybe it's like timing, right?
Maybe it was launched with like the right narrative,
or maybe they were launched by,
like founders that used to work in centralizing exchanges
and they have like all the connections and stuff like that,
or maybe, you know, teams that are connected to VCs and stuff like that, right?
So there's,
the token and the product don't necessarily have a connection.
And that's one issue that Stargis has had.
That's something that I want to work on for this year.
Yeah, well, Shane, you do know.
I mean, we've been doing the regular breakfast show, 80MEST,
so we've had all of the regular people in,
all of the Stargars people are not, you know, our crowd that we have.
And we mentioned about this interview, you know, a few couple of days ago.
And like the vast majority of people who spoke or mentioned two things, you know.
Obviously, the hub conversation and Stardex.
So, you know, a lot of people, I think, are just wondering what's happening,
what's going to happen next.
You know, where is the direction of this going to go?
You know, Shane, you know what I'm talking about, right?
Yeah, yeah, yeah.
I mean, well, there's no secret that we've been talking to Skip, which is now Interchain Labs, right?
And we've been talking about possibly migrating to the hub.
So that's something that's still ongoing.
Okay.
And...
Shane, what would be the fundamental reason for doing that?
Would it be...
So would it be security or would it be like
sort of economic enhancement?
I mean, I think it's a great idea.
I think more people should be using shared security and stuff.
What's the main driver for you?
Well, personally, the main driver, I think, is the combination of product teams.
That's the...
It's the engineering win, right?
So the Skip team has built...
skip go, which enables transfers super easily from multiple chains.
The new version of what they're working on enables transfers from Ethereum in like 15 seconds, right?
So imagine this onboarding experience at Stargate is just super, super easy from every ecosystem, right?
And kind of combining
are engineering talents.
Like that is what I'm most excited about.
Just working closely with that team and making
strong is even better, right?
So to me, that far outweighs, you know,
any economic security benefit or like any,
you know, losses of sovereignty or anything like that.
Like, just collaborating with another awesome team is,
is the most important thing there.
I like that.
I like that tapping into the engineering capacity.
I like that angle.
I mean, that's the kind of reason we ask these questions.
Every band, are you with us or not?
I'm just checking on me, co-horse.
Oh, Baybans, we can't hear you.
Okay, right?
It's only the biggest show we've done this year and you're letting it.
But never mind.
You know what, Shane?
These spaces are about sitting down and having a chat.
And to be honest with you, a couple of people, you know, were questioning.
Not me particularly because I haven't done a lot of stuff particularly over there
or had to do a lot of stuff over there.
Some people have been questioning the, obviously the stars being incentivized on the decks, you know.
and whether, you know, whether that's like going to change or that that was one of the kind of things that people brought up is maybe was it a bad idea to incentivize the Dexford Stards like from day one or would you have changed something?
Well, you had to incentivize it somehow, right? So we wanted to launch it and if you launch a new product you don't have any kind of incentives, no one is not going to get.
much use, right? So you have to incentivize it in some way.
And we wanted to experiment and see how far that'll go.
StarDex has a bunch of issues. It has a bunch of UI issues and stuff like that that still
have to be fixed. At that time when we launched it, there's just a lot of demand for Dexon
Stargays because that was around the time we were introducing new tokens. And
And also another thing is that as an L1 and as an app chain, these products like L1s are like valued by TVL and volume, right?
So like TVL is such a bad metric.
But the thing is, NFTs aren't counted in TVL, right?
So if Stargay's wants to kind of be competitive with other L1s,
and if it wants to kind of show up high in the rankings and stuff like that,
then it needs TBL and to have TVL that you need a Dex, right?
So that was kind of one of the main reasons for having that.
But the product itself, I would still say is kind of in beta.
And it's something we're working on to make it much better.
But incentivizing, I think was the right idea, but we can find different ways to do it.
Like combining it with like NFTs and stuff, I think.
Yeah.
Oh yeah, that was the big topic.
That's possible the future.
That was the big topic, the fractionalization of NFTs within built in within the decks.
That was like the big hot topic the other day we were all talking about, well actually like snails and I think Flan were leading the convoy, you know.
Shane, have you been happy with the rate of like devs cup?
obviously with Stargays you're a two-pronged attack you've got the underlying chain
and then you've obviously got the application running on the top the NFT marketplace
etc have you been happy with like the the sort of rate or quality more specifically
of you know third-party devs coming in and building stuff on the chain um it's been okay
but it's nowhere near where I want to see it happen
Right? Like, I would like I'd rather want to see maybe like 10 times more of the activity that we have that we have now.
And I think that's going to start happening kind of with the new leadership in Cosmos.
Right. So now there's more of like a proper like audit of Cosmwasum.
There is going to be a lot more exposure with.
Cosmosin being on the hub, right?
And being on more chains.
So that's going to bring on some more devs.
Also, I think because of some of the issues going on with Solana right now with like all the rugs with some of the mean coins with like Libra and stuff like that,
we may see maybe an influx of devs from Solana that are maybe not happy there and want to try like other rust-based ecosystems.
So we might kind of see something there.
And also with like the regulatory changes in the US, you know, now there's administration that's a lot more favorable to crypto.
And there's going to be incentives for like US-based crypto and stuff of that.
So I think I think that's also going to bring in some more devs.
So hoping to kind of to react to that.
Jim, do you think Kossom was being a thorn worst enemy?
Do you think cosmisms, but in regards to like the Confio situation, the funding rounds, etc.,
like the limitations of how many chains actually had it that had like money to pay Confio?
Like it almost, I mean, it almost seems like it's this amazing thing, but it's its own worst enemy at times.
Yeah, yeah. I mean, it's still a pretty small ecosystem, but it does have...
a lot of adoption, right?
Like, I would say there's a lot more deployments of Cosmosin that are than like SVM, right?
And we're still kind of, I would say we're still, because the number of developers in crypto overall is still small,
we're still in the early days of what these platforms are going to be like.
So there's no reason just to focus on EVM.
and just build on that because 10 years from now when there's a lot more devs,
they'll be exploring languages that are more modern VMs that are more modern and so forth.
I'm still pretty bullish on Rust and Cosmolism.
And now Skip has like an in-house team for Cosmuseum,
and they're kind of pushing it hard.
So I think it has a bright future.
I'm not worried too much about like funding in Confio right now.
I think Cosmonds is here to stay.
And, you know, we're going to.
you know, continue using it.
And with the IBCV2 that's coming out,
I think it's just going to expand even more.
And we're going to see Stargate is expanding more too.
Oh dude, we're big, big wasam fans. We are big wasam fans, but we've lived through it. We've lived through the whole, a lot of us like myself was here before IBC connectivity. Like, you know, before February 2021. Shane, I'm just going to come in because I whole Baybans, I say, at last Baybans, I've winged it for like 20 minutes without a co-host. Where have you been?
I think you're doing it. I think you're still doing a great job, man. It's cool. We could totally wig it.
We're sitting around the campfire. Are you back, Baybans?
oh she was on a space earlier actually with us tonight at b-bans and none of us can hear so maybe you just
maybe you need the unplug and re-plugged back in again you know yeah actually it's interesting you
mentioned about the washam uh sheen because i've seen i don't know why recently i've seen
you know i look at a lot of things on twitter right every day you know thousands of thousand and
i've seen this big sort of push recently about the move language and i'm thinking yeah
Have you seen this or not recently?
Yeah, yeah, yeah.
Yeah.
And a lot of VCs think that they can't go wrong.
backing any kind of like X meta X Facebook teams.
Right? So that's, I would say, the main reason why
kind of move has kind of got some adoption.
My personal view on it is that it does not make sense to
create a new language just for crypto.
There's no reason why you can't use Rust.
And Move is close enough to Rust that it just doesn't make sense.
Like if you're bringing in a dev from like Web 2, a TradFi,
There's already so much barriers to entry with crypto, right?
There's so much to learn about blockchains conceptually and just understanding how all these ecosystems work and stuff like that.
The last thing you want is to they have to learn another language too, right?
It's just so much easier to onboard devs if you bring in devs with the language that they already know.
And Rust has been the most loved language on Stack Overflow for like something like eight years in a row now, right?
It's the Lana. It's the Lana in Rust, is it?
It's Salonna in Rust, yeah.
Yeah, Solana is in Rust. Yeah. So, I mean, I think move is interesting. I think...
Like movement, I know that built a good ecosystem.
They have a good ecosystem of roll-ups and stuff like that.
It's still in the early days, right?
I don't think there's like a killer app that's like built in move yet.
But we'll see what happens.
Maybe we'll even see Stargates there sometime.
Who knows?
Well, dude, I do want to get your opinions on maybe some like niche aspects of Stargays that I think I'm quite bullish on.
But I've been getting B-Bans as being going crazy here.
Like I didn't even know what's going on with that.
She and never normally has any problems.
But she's, we got her up as a speaker and she's like, try again, right?
B-bands...
This is the last time. Hello.
Listen, can you hear me?
Oh my God, thank you.
She's back.
There she is.
Like one of my favorite people was on and I can't even talk to them.
I'm like, no.
People don't realize this space would never have happened if it wasn't for B-Vans.
I woke up one morning and just like, oh, I was on the Stargare space last night
and her shit is coming on next month and I'm like, all right, okay, that's fine.
So Bavans, I do want to ask Shane about some niche aspects to like Stargay.
So you've got some stuff lined up.
I know.
So you've got the mic, darling.
Okay.
Oh, can I can you ask him that niche stuff first?
And because my, my questions are more like fun.
You're still drying your hair?
He's still drying your hair?
Is that what's happening?
You're still drying your hair?
Is that?
No, I'm not.
No, I'm not.
I swear to God.
I just want to let you do the niche thing.
And then I have my, I have my four questions.
You know, I have my four questions.
You're all like, you're all prepared, aren't you?
You've got a note pad, a little jotter pad and everything.
You know, Shane, if you would like give any advice to like niche projects like us that just try to like bring fun, build the community, do little unique little things.
And we love the platform. We absolutely adore our guess. We have got a little hardcore community.
But what would be like your best advice that you would give us like moving forward just to give us some motivation?
I mean, the most important thing is to build an organic community and just, you know, don't stop building and keep growing that over time, right?
So you turn each of your kind of super fans into someone that, like, evangelizes you guys, and they will go on and bring on even more people, right?
So I guess my advice is like, like, don't.
trying to please,
trying to please everyone, right?
Try to please your own little kind of niche
and kind of grow that over time,
which is exactly, I think,
what you guys are doing, right?
You guys are edgy.
Did you say the sound X, Y,
is they drama?
Did you say that or not?
Holy shit, Shane.
I heard something happening, but like if you want to go go into it and explain what happens, I think that'll be great.
Well, dude, I'm not going to fucking go into shit on this space.
Let's just say a whole friend that are going to produce a whole friend is that to go and produce a whole brand new collection over on another place.
And then personally, after getting contact, what every hold would be able to like, dude.
I mean, StarGayers does offer a level of security that we actually feel very comfortable with.
We actually feel like StarGers is not going to go anywhere because it's a base layer of a chain.
Whereas XYZ can just shoot up shop and fuck off and it's like it's game over.
Your collection's gone, your fans are gone. It's very bad shit.
Yeah, yeah, exactly.
I mean, we're here to stay, right?
This has been kind of a labor of love
for the last four years or so, right?
And we've both some awesome stuff,
and we want to see it grow and get bigger.
So we have the community's best interest in our hearts, right?
And we want to make Stargate awesome.
So yeah, we're not here.
We're not like meme coin flippers, right?
We're here to build something lasting.
I feel as part, sorry, Baybans, I'll be quick and you can go.
I feel as part of the collective with Finn Raps and Rackafem, what we're doing, you know, when I look at Stargars and I look at the user base we've got and the collectability factor, right, at being like our merch store or Amazon store.
And I think I'd rather have like a slice of watermelon than a whole grape.
Do you know what I mean?
Like, I feel like StarGa's a slice of water miller
rather than the people like threw their whole lot in Sheen with like X, Y, Z.
And now their entire careers of like two years has gone up and smoke.
And it's like scary.
What do you, what do you mean by, what do you mean by X, Z?
Like, yeah, it's like, yeah, it's just, yeah, it's been the main.
Sound X, Y, Z.
Okay, okay.
Yeah, yeah, I, I don't really know what happened there.
Like, it was.
kind of marketed as like the next big platform for music, but
They, like, raised a bunch of money and then didn't really do much, yeah.
And they're bottled it.
Or they're being bottomed, like, dude, the whole bottom thing's being really exposed.
It's the whole thing's being a big scam from start to finish.
It's crazy.
Like, and I've got a friend, fondue.
I'll go and grab the tweet because Baybans is going to ask.
I'll go and grab a tweet for the nest.
Just to update everybody in the room, we might come back to this.
But Baybans, go on, darling.
You've got the mic.
You've waited long enough.
I'm here for real now, I think.
So my question to Shane is,
You know how every company has their specialty that they focus on and stuff like that.
And, you know, you don't go to a donut shop to get steak.
You know, you go to a donut shop, get donuts because they're really good at making donuts.
How do you, in this space, stay focused on, you know, essentially only making donuts or only focusing on that without, you know, trying to veer off too much into, you know, something else that would, you know, essentially...
take you away from finishing your goal, you know what I mean?
Your original goal.
So...
Yeah, I mean, that's one of the worst things in crypto because you're just like, you're constantly tempted to kind of follow the next narrative and stuff like that, right?
So that's why you kind of see a lot of like half built products.
So like you'll see like a founding team built something kind of halfway.
Then I'll go like chase the next narrative and stuff like that.
So that temptation is always there, especially with like the lure of like,
launching tokens, right?
Because you just kind of like launch a token,
kind of get in early with that narrative.
You make a bunch of money,
move on to the next thing, right?
So, but if you look at any of the best products
ever made in the world, they're usually something
that a group of people have like spent a lot of time
focusing on just that one thing to make that one thing awesome.
So that's kind of the approach we're taking a stargays,
so it is more of a long-term approach.
And, you know, we don't want to build something that'll just like fizzle out in like a few months, right?
So, yeah, it's been a challenge to just kind of keep that focus.
I mean, I'm not going to lie, I've been tempted to do a lot of other stuff.
Can I want to focus instead?
I'm sorry.
You want to hear some of the other stuff?
Yeah, I want to hear what was like, ooh, that sounds cool and stuff.
And then after that, I totally want to hear, if you know anything about abstract,
what you think about that whole, the way abstract is doing things and, you know,
Luca Ness and all that too.
I'm kind of curious.
I was asking Shane about something else.
This is what came up on the conversation yesterday with like red eye, snails, I think,
Flan.
You know, Shane, a lot of people have actually commented on this and said,
You could have probably been more successful quicker and made a lot more money if you just went like the DeFi route rather than the NFT route.
I was getting the feeling a lot of people kind of respect you for have gone maybe the harder route within crypto to like produce something.
Like people are like, well, he could have just made a deck.
So he could have done this.
I still want to know what he picked his interest.
I'm so curious what piqued your interest.
Yeah, yeah. I mean, I'm still a big user of Defi, and there's definitely kind of some products I want to explore in that space.
But it's hard to do everything, like especially with our team size, right?
So it's better just to kind of focus on one thing and make that one thing awesome.
But yeah, there's many kind of different approaches we could have gone in.
But if we did that, then...
Stargays wouldn't be where it is now, right?
But I think, you know, we are kind of getting to the place,
to the point where like the product is like a mature product
and we could start exploring other things,
but I'm not in a rush to do that right now.
Then,
Let me see. What, oh, you asked about abstract. I have no clue what's going on in abstract land.
I haven't really been following what's going on there.
Oh, okay, okay. But I still kind of know what interested you?
Like, what were you like, oh, I would love to do that or roll something out like that?
Oh, I think just because, like my previous background was working on consumer stuff.
And I made, like, music apps for the iPhone.
And...
So I wanted to do something more kind of consumer facing.
And it's also kind of a matter of timing, right?
In like 2021, it was like the top of an empty hype cycle then at that time.
And when we lost the chain, we actually had our Discord launched first.
And it was one of the first, I think it was probably the first,
if not the one of the first, if not the first discourse in Cosmos.
And it just got flooded with all these people,
and they were telling us what they wanted, right?
They wanted an energy marketplace.
So that's kind of how it all started.
It wasn't just my own idea.
It was more of the, like,
it's like the community kind of wanted this too.
And I thought that just with the kind of skills I've had previously,
building apps was like a good,
kind of foundation to build something great in this space because you have you have just a lot of
products products with just like shitty UI, Ux, right? And that's something good I could have,
you know, bring to the table. So that was kind of the main reason there.
Shane, did you ever think you'd have? So I'm going to make a statement now that I've thought
about regularly quite for a long time.
And especially since I've seen the success of the sloths.
So outside of like the mainstay, like Ethereum, hardcore blue chips,
Shane, I honestly believe that some of the best blue chips, right, outside of Ethereum have been on Stargays.
For example, like I say, bad kids, we all know what they've done.
Even the success of things like mad scientists...
I mean, dude, did you ever envisaged that you would have actual, like, proper crypto blue chips kicking around on your platform?
I'm glad that we have those now, like, because it was just, like, maybe as a blue chip, like, only bad kids for a while, right?
Well, at first it was like Stargast punks.
You would maybe, maybe that could be considered the first new chip and then it was bad kids for a while.
And now we have, like, at least like four others, right?
Which I think is great.
So now Stargays is no longer like a one-hit wonder.
And now we can kind of use these as examples to bring on other projects, right?
So Stargast seems to have kind of found a niche as the place to launch a collection
if you are building like another ecosystem or something, right?
So that's why we're,
like other chains have seen this and they're coming to us.
And they also want their own collection and they want to engage their fans and community.
So it's kind of created this like snowball effect, which is ultimately good for all the users.
And one thing I'm excited about this is that a lot of these projects are like,
minting in their own tokens, right?
So like Tia in the case of slots,
you know, Ome in the case of omies.
And this is good for,
this is good for Straggeys in multiple ways
because, you know, first we can earn revenue,
like the team can earn revenue in a token that's not stars.
So we don't have to sell stars for revenue.
And then secondly, it could be used for buybacks and burns, right?
So eventually once we get to a phase where we're profitable,
then like the rest of it can be used to buy back and burn stars.
So that's something I'm excited about as well with the...
Well, Shane that leads me to something else.
So we've seen in recent denominations now.
You know...
I tell you what, B-Bans, finish off your questions quickly because I didn't want to interrupt you.
Finish off your questions. Come on, you've got them mapped out. I know you have, right?
We haven't got that long.
We're going to be-bans, go on. I'm going to-
Listen, my questions are fun. My questions are fun and thought-
I want to ask, I'm, right, okay. I mean, I'm being awkward. I'm being awkward about this.
But like, where would your attention be marketplace or launch pad?
So I talked to Brady about this the other week.
You know, like where is the current revenue, like, earned?
Where would your focus be preferred?
You know, is it the launch pad or is it the secondary?
Is it the secondary that really is the underdriver of the economy of Stargears versus the launchpad?
I mean, they're both really important, right?
So there'll be no marketplace volume if launch pad didn't exist.
But the bulk of the revenue comes from marketplace and it comes from volume.
Right? So that's where we kind of want to focus on and making that better and and and also bringing it to more more places, more places where there's more users.
But Launchpad is one of, you know, as I said earlier, I think one of the best kind of NFT platforms, launch pad platforms in
in all of crypto, right?
And it has with, especially with like tiered white lists
and cut out all the features,
the ability to mint in other tokens and so forth.
And also we can't forget Stargate Studio,
which is probably one of the best creator platforms
that's out there.
It just enables you to launch a collection super easily, right?
So although that doesn't bring in as much as much revenue as marketplace,
It's definitely a key product.
And we're going to bring it to the initial ecosystem.
So you guys might have heard of Intergays,
which is an initial roll-up.
And this is going to be like the first
can deployment of launch pad outside of Stargay's L1.
So we can kind of help build like a little creator ecosystem there too, right?
And like eventually funnel that trading to happen on Stargays, on Stargays marketplace.
Yeah.
You know, I think a lot of people, if I rewind back maybe like 12 to 16, 18 months,
I think a lot of people are expecting like Stargay's outposts everywhere.
Can you remember when there was this like big like convo point about outposts?
The cartel was on spaces like three times a day tone about outboard.
We all thought that was coming, right?
Yeah, yeah, yeah, yeah.
Right.
I mean, that could still happen.
I mean, that is going to still happen.
It's just taken a bit longer.
And now we kind of have a better way to kind of structure it.
I'll have kind of some more information about it soon.
Like, you know, first we kind of have to like figure out, like, what's going on with the hub and the migration and all the kind of stuff and how it's going to happen.
And still several things to kind of work out there.
But we do want to get kind of strategies everywhere.
There's just all, you know, all these new ecosystems and like every single new ecosystem is,
literally are like bugging us to launch there.
So like why led that opportunity like go away, right?
So and some of these are like not just even causalism, right?
Some of these like EVM changes and stuff like that too.
Well, that would be, I mean, that would be a perfect segue into ICS 721.
what i mean look shane i'm gonna just put this on the table because b bans has got only fun questions
sometimes there's one adult in the room thanks barnes but like you're welcome wait a minute wait a minute
wait a minute i'm an adult i'm the fun one i'm the fun time frankie i know but you know the ics 721 i'm not
going to name other project on the space but people know exactly what i'm talking about who i'm talking about you know
Jane, a lot of us have had indifferent feelings about some things that we've seen recently.
You know, we've addressed it, addressed it in many unrecorded spaces.
I'm sure you know exactly what I'm talking about.
You know, if we're talking about interchained NFTs, I mean, I'm trying to keep a diplomatic.
I'm not trying to take sides or anything like that.
You know exactly what I'm talking about.
So you can keep the fifth.
Or you can just give us your overview on interchain NFTs, your party that you've played, ICS 721,
that I believe you were fundamental in the standard.
I mean, I would like to really, you know, not drill down on it, but I mean, I'm trying to be diplomatic, Shane, right?
Yeah, I mean, so the background of it is that the standard kind of came together kind of far back in like,
even like, I think like around like, yeah, like 22.
And it was several of us, including like the IrisNet team and kind of came up with
the standard.
And the point of having a standard is that like you don't, you don't have to.
it doesn't have to be tied to any language or platform, right?
It can work on the SDK, it can work in Cosmossum.
So that's like the whole point of having a standard.
And then I wrote like the initial version of ICS 721 for Cosmwasm.
It was just kind of like our early rough version of it.
And then we helped fund Arc Protocol that kind of took that and built on top of it.
And now it's in a place where it's usable.
But the only thing it doesn't have,
it doesn't have like a great UI, right?
I think the only thing is missing is just like a really,
really nice website, UI just to enable super easy transfers
from any chain to like Stargaze
or like any other Cosmosin chain.
So once that's done, I think people will see
the value and benefit of it.
It's just in a kind of a messy place right now where like the base functionality is done,
but there's like just no good UI for it.
I think that's like the only thing that's like missing.
Build up the car crash.
Look, Shane, you're being diplomatic.
It's an app.
The UI is an absolute car crash right now.
Let's not pretend otherwise.
Sorry.
Yeah, yeah.
Yeah, yeah, yeah.
We use this.
We are seeing poor execution.
Like I'm very, I didn't want to interrupt.
I didn't want to see anything bad,
but for us, the execution right now is just not what we thought
it was going to be after like three years of promises.
You know, you know what I mean.
I know, I know exactly what you mean.
Yeah, yeah.
And that's something we definitely want to fix
and get involved with sometime this year.
And you know, people take care of, like, you know, people's funding applications,
people grants applications, you know, people moving from one place to another place for, like,
funding.
And the one thing I like, I have liked is that, like, at least you're generating revenue, bro.
Like, you know, I mean, come on.
Yeah.
Yeah, yeah.
That's one of the nice things about a marketplace that you can actually generate revenue.
It's not a crazy amount right now.
But if we can increase it by two or three X,
then we can have a profitable team,
and then we can continue to build even more stuff.
So that's the kind of point where we want to get to.
And also, this is one of the reasons of deploying on the hub
is that if we can, you know, two or three X,
the volume going to the marketplace, then
we could get into a position of profitability and then we can even build,
then after that we can even move faster and build more stuff.
Well, on that note, on that note, I will make a declaration that Ragafem and the vast majority of all of our followers and speakers that we have on every day.
All the legends in the room. I'll say IBC. Matthew is down there. Flawn. Everybody right. Snails the lot.
Everybody is, I think, in favour of, you know, accessing what the hub has got to offer.
We think, a lot of us think,
You know, a lot of chains should probably die and just be daps.
We'd like to say a lot of chains die and just become an integrated app.
Shane, I think a lot of people are actually thinking, yeah, if Stargayers does,
it'll be a positive, like, outcome for the industry.
Yeah, I mean, so this is not, like, necessarily a knock on the ad-chain thesis, right?
It's just...
it's based on how big the ecosystem is, right?
So app chains work in a world where you have
like 3 billion or more like crypto users,
and you need the scalability of multiple chains.
You need all that box space, right?
But we're just not at that level right now, right?
It's like it's a bit of premature optimization, right?
So I think like looking back in retrospect,
I think the way it should work is a bit like
maybe how it worked on like the original Terra.
where you have all the apps like deploying one chain,
and then when you get to a point of critical mass,
then when you need to scale,
that's when you kind of break up into an app chain.
So I think just how everything came about in Cosmos
and how it was designed to be like app chains first,
you know, I think kind of created this like fragmented
kind of ecosystem of ecosystems, right?
And I think now we're at a point where like everyone kind of realizes that that didn't
necessarily work.
And maybe we need to kind of go back to where we like revolve around like one chain until
there's like some kind of critical mass and then like break away when you have to.
And we're kind of seeing this like play off in a bigger scale with like Ethereum and Solana, right?
Solana has kind of like one, I would say like the hearts and minds of like retail and consumer users, right?
Whenever like if anyone's launching a meme coin or whatever, they'll probably do it on like Solana, right?
And like Ethereum has fragmented into multiple L2s.
And they're kind of having some of the same problems that Cosbo's had, but at like a much bigger scale.
right around as to go around and find out isn't it so you know you know shane i'm gonna i'm not i'm not
going to cast shade on anyone i'm just going to say that you know i've been waiting since september
uh for a successful like nftt marketplace slash launch pad drop on a neutron i'm pretty sure everybody
knows exactly what i'm talking about
And this is why I mentioned the outposts.
I mean, I was like pork on the bear a little bit.
Like, dude, I didn't want another marketplace on Newton Run.
I want Stargars on Newt Run.
I don't know what I want Stargars on Osmosis.
I mean, I'm going to hand over the B-Bans right now, but I'm just going to say that
I've got personal friends that I have actually met in Bangkok personally and take them on bike tours and shit, right?
That are now developing NFT launch pad slash marketplaces on other chains.
And they are fucking around and finding out.
Right?
It's not as easy and there's not a simple of what you think.
It's not easy.
It's not simple.
Yeah, a lot of teams are going to learn this a hard way.
They think that building...
this stuff is easy until they actually start to build it and then realize it's just a ton of work.
Right.
So like first of all, it's like way more work than building a defy product, right?
Because with the defy product, it's just like a bunch of data and bunch of numbers and you're just kind of pushing those around.
With an NFT product, you had to deal with all this stuff like image processing, image resizing.
Those have to go through this entire pipeline.
If you're serving it on mobile, then you have to have, you know, you have to degrade the quality of the images and stuff like that.
If it's served on like a desktop.
like the images and video has to be scaled differently.
It has to be super smooth and really fast, right?
So there's all these optimizations that you have to do on the front end.
It's not just like spinning up like a React app or whatever.
There's just a ton of engineering that goes on behind the scenes.
That's why I asked you, why did you bother?
Earlier, I was like, why didn't you make a DeFi protocol and make loads of money?
Like, I mean, so, dude, that's a perfect intersectionality for B-Bands as, like, fun questions
because apparently I'm boring and I'm like the serious person.
No, you're not boring, but I'm not going to ask him questions that have the same cadence as yours.
I'm going to have like, you know, we want to keep people entertained a little bit, right, Shane?
He's been, right, right. Go ahead. You can ask anything you want.
He's been an old. Hold on. He said I could ask with anything.
I know. I'm just saying, no, I'm just playing.
I'm just playing.
I'm just playing.
But talking to shit is like chilling with family. It's like chilling with family, right?
You're like in the house of family, man.
Absolutely. So listen. My question is, you, sir, are stuck in a zombie apocalypse. All right?
You only got your laptop and one software tool of your choice.
What tool do you pick to survive and how do you use it?
Hmm.
It's not an AI question.
Wait a minute.
Shane, did she get that from EI?
Yeah.
Fuck yeah.
I'm not a coder.
I would...
Is, um...
So, I mean, I think the most valuable thing actually is the team, right?
So I would actually pick Discord.
But is that, would that be cheating?
Like, would that be like a valid answer?
Yeah.
It's a tool, right? And it gives you access to people.
Right. But that's probably not what you were, you were, probably not what you were expecting.
That's okay. We can go to the next question. Ready? These are fun questions, ready?
If you had a tech-related superpower, like instantly debugging code or writing perfect algorithms, what would it be and why?
I would say the instant superpower would be,
A tech super power probably would be in crypto related would be just like building out front end with like no problems at all.
Like I don't think people realize how much effort goes into building like a nice front end.
Like I would love to just write a smart contract and press a button and then boom, there's like a beautiful front end like built for it.
Right. Like that actually takes the majority of the work. Like that would be awesome to have that power.
And then my final question...
I think we'll get there eventually.
I think so, too.
So my final question is, if you had unlimited resources...
Actually, I have two, but this is a good one.
If you had unlimited resources and time, what's the coolest tech project you'd build just for fun?
And this is just for, like, you know, your passion and creativity.
Like, what do you want to build?
Just unlimited resources.
Hmm...
I don't think this will take on a little bit of resources, but a tech project, I think, for fun, would be,
I would love to build something where, uh, some kind of product where it'll just, like, analyze a post,
like a tweet or something, and then generate, um, a market for that on how to, um, capitalize on that
on that content, right? So if someone, um, says something positive about, um, about something, it'll like,
I don't know, let's say someone says something positive about, well, people these days don't say much positive stuff about Elon, but let's say someone does say something positive about Elon.
It'll like, generate a market for like, you know, for you to like buy like Tesla and then short some other competitors, something like that, right?
Like something that like analyzes the sentiment of the content and then kind of generates the markets for you.
I think that'll be cool.
That sounds so fucking cool, actually.
And then I do have one last question.
And then I do want to let everybody in the audience know.
We've evolved.
Wait.
Wait.
You're so rude, man.
I literally did not speak the whole time I was talking.
We've evolved.
not, we've evolved.
Can you remember we used to, like, start the show with, like,
what's your favorite sandwich?
What's your shoe size?
And do you prefer cardigans of cowboy boots?
That's how we used to start the show back in the day.
Like...
And now you've advanced the shore bay months.
You've advanced it to a whole new level.
I like those questions.
I miss those questions.
But I just want to let everybody know in the audience.
If you do have a question for Shane and you feel like you can't come up,
just put it into the comments and I'll post it to the nest.
Remember, let's be nice.
You know, Shane's our guest.
And then the other question is...
Get show notes. Where's your show notes?
Have you lost to show notes, babe?
Nope. They're right in front of me right now.
This is Rack FM.
Ready, ready?
If you had to describe your problem-solving style as a color, what would it be and why?
And then I'm done.
I would say it's black because it's kind of like a black box.
There's really no one path to it. I kind of take two approaches. I'd take like
from one end I have like a first principles approach. And then on the other side, I have kind of
like an experimental approach. And like depending on the problem, I'd start from
either one of those angles, or I'll actually do both and kind of like arrive at the middle, if that makes sense.
It does. Thank you, Shane. It's for your time. I really appreciate it. It totally does.
And Robo, now you can talk. I am done.
I feel like your, I feel like your, like, EIs, like a chimney sweep.
Like, you've been working your E.I. all the week, having you?
Like, to get those questions, you're like, right, okay, let's go.
No, I'm like, not that one. Regenerate. Nope, I don't like that one. Regenerate.
Option one or option two. Nope, option two.
Okay.
I mean, first of all, I just want to thank Shane and the Stargay's crew.
I see Zirken's in there.
I mean, what a legend Zirken is mine.
Shane, you've got a tag team for anyone in the room.
I got the best team.
I'm so blessed, you know?
Yeah, we got Bernie, we got Serkin, we got Starty.
Just like absolutely, you know, amazing people.
dude it's probably to be to be working with them the savages are your team are fucking savages
i can i can test them out of this i've been in tech support here move over elon we've got
fucking bernie we're zirgan and honestly it's been we've had like major problems and this
guy's been insane right chin perfectly absolutely absolutely these guys are legends perfect with them
end this out jane i want to ask you
personally you, maybe whether you're investing or not, whatever,
what have you been most impressed with, right,
about the wider Cosmos equal recently?
So we've had a lot of devs on recently on the unrecorded stuff, you know?
And a lot of devs have been talking about Baruchin or Bear Chain,
a lot of people, you know, bragging about Suey and blah, blah, blah.
For you, Shane, what have you seen recently within Cosmos that give you this like,
yeah, we're still going places.
We are like, whatever it is, whether it's DYDX coming over and building chains.
You know, there's got to be something, Shane, that you're looking at outside of your own remit,
you know, your own little Stargays world, that you're thinking like, this is cool as folk,
this is going places, like, what are you bullish on, bro?
That's a good question.
Yeah.
I mean, there's so much going on right now, dude.
It's just kind of like within Cosmos.
Yeah, you got Veritin, you got Inisha.
You have a whole bunch of ecosystems launching pretty soon.
I mean, I'm very bold.
So first of all, like if Skip or Interchain Labs didn't kind of take over the hub,
I probably would have maybe gone to where else because just because I didn't see things going in the right direction, right?
But things are all changing now.
And they're kind of doubling down on IBC.
They're kind of like doubling down on what makes Cosmos awesome.
So I would say like the rollout of IBCV2 is called Eureka.
I'm pretty excited about that.
It makes IBC much more lightweight, makes it much easier to use.
And then we'll see it being adopted by other chains as well.
So we'll be able to like IBC to like Ethereum,
connections to like Solana, right?
And kind of bridging all these worlds together.
You know, I know this is something that
like people have claimed for a long time that is going to happen,
but is like actually happening now, right?
So I think that's what I'm most excited about.
And so this will enable, for example, like, maybe Stargast exists on like,
let's say like Ethereum L2 or something, right?
and then have like NFTs being like IBC'd or having like marketplace and the marketplace live on on on on Stargays but then having the transactions like happen over IBC.
So that's something that I'm I'm pretty excited about because then Stargays can like live on multiple ecosystems but still have like the transaction processing in like one place.
So, so, so yeah, I, you know, I know your question was like maybe like outside of like out.
No, no, no, we had.
We had Sam Hart on two weeks ago and obviously he's just left the new IBC Inc.
You wish to move over the time.
We're full time.
But he said the same thing.
Dude, dude, the buzz around IBC right now is repeat.
I don't think people understand the buzz around IBC right now.
It's in a circle.
It's ridiculous.
Yeah, and this is, it all goes down to people, right?
It's like, is not, like the tech makes no sense unless there's like a team that is behind it and thus like pushing it and building it.
And I like, I've seen this for a long time because I don't know, you know, there wasn't like really much going on in the hub.
There were like no one knew who's like actually building it and there was like multiple disparate teams and stuff like that.
But now like all those problems are solved.
And so now it's just things are just a lot more solid now.
We know who's building what.
These teams are funded and now we can move forward.
So that's what I'm excited about.
I mean, besides that, a lot of the new stuff that's launching are just like another EVML2s.
So that doesn't like really excite me that much.
You know, except that these ecosystems can bring on some new communities, right?
But the thing is, these communities have to be more than just Airdop farmers, right?
So, like, if a new chain or L2 launches and it's just, like, attracting the same people,
and they're going to farm the crap out of it and then move to another platform, right?
That's not really...
That's not really creating anything new.
Well, having the been getting a lot of hate, Shane,
so for people in the room that might not know,
Ethereum L2s over the last six months
have been getting a lot of hate in the industry, right?
This is no secret.
Yeah, yeah.
It's just mercenary, right?
People are just farming one and then go into the other one, right?
So I want to see some, like, radical new things being built.
And I think IBCV2 is one of those.
Oh, I'm excited.
B-Buns, are you excited or not?
I've got to say it, what is best.
True.
I know.
Shane, like literally, when we do, we've learned every time we do, like, the professional
interviews, as professional as Rack FM can be, and they're about, the hour long, always
do the greatest numbers do on every streaming platform, on Twitter replays, like, around
about an hour is like the key sort of attention span, I think, that people have got for spaces,
but...
B-Bans, I mean, before we close this out, because this has been a great space, by the way, we've discussed, like, so many things.
But B-Ban, anything you want to see, darling?
I do.
I actually have a question up there from Cutes.
It says, how many at Bad Kids Art can you defeat in hand-to-hand combat before?
Wait a minute.
That's not a serious joke.
I don't know if I should answer a question about beating up kids.
I don't know if it's really a way to answer that question.
Well, the bad kids are the art, the art, not the kids.
The art, art, okay.
Oh my gosh, I thought it was a serious question.
I just posted up there and I'm reading it.
I'm like, oh, shit, wait, he's joined.
Bad kids have been the biggest, bad kids have been one of the biggest conundrums on earth.
Like bad kids should never have ever been successful,
but the one the most like successful blue chip NFT projects out there.
That's ridiculous.
It's so funny, you know.
It's so ironic.
It is, it is. Yeah, they kind of came out from nowhere. It's kind of crazy how they weren't like Stargates since like day one and date like nothing happened for like a year, right? And then they like somehow got like adopted by like the Adam community. And it's been a bit of a roller coaster, right? But they're still here, still surviving, still building.
And now they're, like, amongst other blue chips and other friends.
So, yeah, it's been kind of interesting to see them evolve.
And I still think them and, like, I mean, frankly, all the blue chips and Stargays are still kind of very undervalued.
And not just the blue chips.
Like, there's like a long tail.
There's such a long tail of, like, awesome, independent...
artists on Stargays, you know, as well.
And some of them are making their entire living off the platform.
That's also extremely, extremely cool.
I think the bigger time with Shane in the future.
It might not be now, it might not be two years,
but it'll certainly be four five or six where blue chip NFTs will be regarded in the same like
Lane as Bitcoin.
There will be an element of where this like NFT is essentially a Bitcoin.
Yeah, yeah, I think so.
I think so.
Yeah.
I mean, we're seeing this with like ordinals, right?
So I think that's just a natural kind of extension of it.
As long as there's more people coming into crypto, I think that's certainly going to happen.
Well, that's what I thought. Today, I thought outside of ordinals and outside, like, outside of the blue chip ordinals, and outside of the ether, like blue chips, like if you want to look around the NFT market, you know, where is that actual value or consistent value and fuck, man them sloths? I mean...
I don't know about anyone else in the room.
If you missed out on Sloss, like, you're down, like, horrendous.
Like, I missed out.
And I'm down, horrendous.
I'm down horrendous.
It's just because, you know, I'm going to be honest.
This is what happened.
I was going and freaking all the time, just minting, minting, minting, minting.
And then I, I felt like I got, like, burned out or something.
Like, I just didn't want to mint anymore.
I don't know what it is.
So, like...
I'm ashamed of myself, but I still can't, like, bring myself to just start minting stuff because I'm like, I did this for so long.
And now, like, I'm burned out.
Outside of air drops, outside of air drops, I probably made the most of like the money I made back in the day on StarGays.
Like, when we were flipping, the squids, when we were flipping the jewels.
I mean, the jewels.
It's a lot of work, though, when you're sitting there trying to flip them in a tease.
I remember...
I remember making like...
I remember making like 2.5 grand in about 30 minutes or something on Joe's.
I mean, Shane, yeah, let's see what I said at the beginning of the space.
We've got to end it out now.
At the beginning of the space, I said,
I think you probably underestimate the impact that you've had on a lot of people's lives around the world.
I mean, a lot of people are tuned in tonight, but you've actually, Stargazers has created this thing that was never there before.
This like nucleus of like energy creators, participators, you know, whales, whatever, around the world.
It's pretty cool like Shane.
It's pretty cool what you've done.
Thank you, man.
Thank you, man.
I want to make that 10 times bigger.
That's the next step.
Let's fucking go.
Bevant, what do we say?
Let's fucking go.
Mate,
Matt, it's been worth.
It's been worth.
Go on, Bay, Bant.
My earbugs died, so I don't know if you guys can hear me or not.
Oh, you sound like a fish underwater.
Shut up.
Shut up, woman.
On that note, on that note, I just want to personally thank Shane.
We've had a couple of, like, featured slots on Stargays.
We've done incredible numbers.
I mean, we're now...
Virgin on 2,000 music NFTs distributed through the StarGays network,
which for us, for Finn, is a huge thing.
We've just moved into the video side of things.
The advancements have been insane.
It's been clasped to be alongside you guys.
We're being on Stargars now since October, 2023, and I wouldn't regret that.
Yeah, I mean...
You guys have been awesome, man.
I mean, just like learning from you guys and like iterating with you guys, right?
Because you guys were one of the very first kind of like music like NFT projects on Stargays.
And then you guys helped us like build better UI to support audio and stuff.
Right.
So, so, you know, want to thank you and, and, you know, your team for working with us and making this stuff awesome.
Well, Shane, I put that in the nest.
That Fondioux, our good friend, very, very good musician.
You know, the sound XYZ thing is that they're not going to do any more updates.
Basically, the teams like walked away, you know.
There is, I really feel Shane right now, and other people are like filling like different types of gaps.
I do feel that there's this...
you know web three music marketplace that's a collectible thing that's different from your youtube or your sound cloud or it's where fans can come and it's like buying a collectible and you know it's where people have got no interest in a secondary
I got wrong for seeing this before, but I believe that as a musician, secondary is not
really that important, like you're trying to build a fan base, you know?
And at the minute, we're striking that right balance.
And so do just please keep doing what you're doing for creators, keep doing what you're doing
for Dijians.
We're going to wind it down now, Baybans, right?
And honestly, Shane, thank you very fucking much for coming on board and talking to us tonight.
I've really enjoyed this.
Thank you, sir.
Thank you, B, bands.
Yeah, yeah, it was great.
And let's do it again sometime soon.
I, two years.
Two years.
Let's wait into the two years.
Well, let's focus on cutting it down to maybe like a year and then we'll go from there.
Let's all B-Bands as AI has got some more fun questions to ask.
Listen, Robo, next time you sell me out on the AI question thing, we don't have problems.
You know I'm a fan of Shane, okay?
You know I'm a fan.
You know I'm a fan of you, B-mans. You know I love your dog.
And on that note, everyone, I just want to say good night and God bless because it is good night in Bangkok.
It's quite late.
Just take care of you and yours.
You know, there's nothing more important than, you know, your friends and your family around you.
We're all just, you know, internet characters at the end of the day.
But we do care a lot about our community, our family and everything else.
And this has been an absolutely fantastic space.
And I do want to say shout out of the Stargays team.
They've helped us through a lot of, you know, times where we've really needed help.
And at the end of the day, everyone's having fucking fun.
You know, when did we stop having fun?
Let's just keep the fun going.
So over and out, good night and God bless.
This has been Rackafem, 20th of February, 2025.
Bye-bye.
